Multiplex Assay Market End-User Demand by Types, Regions,Top Players, Service Provides, Regional Outlook and Forecast to 2027

Global Multiplex Assay Market: Drivers

Technological advancement is one of the driving factors for the global multiplex assay market. The rapid development of nanosciences has taken this to next level of nanoarray, which represents a ultra-miniaturized version of the conventional microarray. Development of highly dense nanoarray technology has made the drug screening process more rapid and time effective. Increasing awareness about multifactorial nature of various diseases and pathological conditions such as cancer and Alzheimer’s disease etc. created a requirement for simultaneous, cost-effective and time-saving measurement of multiple analytes in a single sample. This particular factor is creating a positive impact on global multiplex assay market. Research and development in life sciences are prominently dependent on government funding and research grants. Formation of policies and provision of subsidy by various governments encourages research and development activities in global multiplex assay market, which ultimately creates robust growth in global multiplex assay market. Implementation of biomarkers in drug development is capital and time intensive. In many complex diseases, analysis of changes in multiple biomarkers is necessary to understand the effect of a drug. In this aspect, multiplex assays provide the solution to various challenges such as increased workload due to multiple collections and cost of detection which is boosting the growth of the overall market.

An assay which simultaneously measures multiple analytes in a single cycle of the assay is known as a multiplex assay. Within a given application area of technology, multiplex assays can further stratify the analytes which are measured per assay.  The term multiplex refers to the highest number of analyte measurement per assay. Detection of the state of all biomolecules of a given class (i.e. proteins and mRNAs) within a biological sample is the function of multiples assays in functional genomics where they are widely used to determine the effect of an experimental treatment. Multiplex assays are of two types namely, planar assay and bead-based assay. Planar microarrays, such as protein microarrays are characterised by ligands immobilised onto the plane surface in microspots onto a two-dimensional grid. Some of the commercially available planar microarrays are ImmunoCAPR ISAC. Bead-based assays also called as suspension or liquid array ligands are immobilised onto a microsphere called bead and captured analytes are detected using flow cytometric methods. Some of the examples of bead-based assay products are QUANTA Plex. Some of the multiplex techniques are DNA microarray, SAGE, multiplex PCR, and DNA sequencing by ligation.

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Global Multiplex Assay Market: Restraints

Multiplex assays cannot be used off-the-shelf for any new application and must be optimised to demonstrate safety and performance before being applied to any clinical sample. This requires considerable time and initial investment. Thus the development of the multiplex assay for clinical use is a cumbersome process that involves feasibility study to produce an assay with optimised parameters for every component analyte on the panel and evaluation of test system suitability. This factor is hampering the development of the global multiplex assay market. Apart from this, reproducibility crisis and complex clinical trial procedures for multiplex assay products are limiting the growth of the global market. The non-magnetic multiplex assay is more laborious to run which hindrances the growth of the global multiplex assay market.

Global Multiplex Assay Market: Key Regions

North America will continue to dominate the global market partly due to high research and development capability. While life science research and development activities in several ASEAN countries such as Malaysia would drive the growth of APAC multiplex assay market. Latin America multiplex assay market is expected to expand at below average CAGR owing to low penetration of multiplexing technology in the region.

Global Multiplex Assay Market: Key Market Players

QIAGEN N.V, Thermo Fisher Scientific, Inc., Luminex Corporation, Bio-Rad Laboratories, Inc and Illumina, Inc. are some of the key market players globally.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, types and applications.

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

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Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, N. Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Multiplex Assay Market

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

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About FMI:
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Soda Ash Market to reach US$ 25,285.6 Mn by 2029 – FMI

The global consumption of soda ash market stood at US$ 19,190.0 Mn in 2022 and is slated to increase at a CAGR of 4.0% to reach a valuation of US$ 25,285.6 Mn by the end of the forecast period. The historical growth of soda ash market from 2014 to 2021 is valued at a CAGR of 3.1%. The growing demand for soda ash for soaps & detergents manufacturing is a key factor accelerating the growth of the market.

The upsurge in revenue is accredited to greater uptake of soda ash in glass & ceramic industry, particularly container glass and flat glass. Moreover, variegated end-use segments such as chemicals, construction, metallurgy, soaps & detergents are generating soaring demand for soda ash, concludes the FMI report.

Manufacturers in soaps & detergents industry increasingly favour soda ash as a substitute for traditionally-used phosphates. Soda ash has become a crucial ingredient for numerous cleaning products. It is transforming the energy sector owing to its recyclability and reusability. Moreover, soda ash market is gathering strong impetus in developing countries with proliferation of high net worth income individuals.

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Key Takeaways of Soda Ash Market Study

  • Glass & ceramics hold a majority share in the global soda ash market.
  • Leading manufacturers continue to adopt innovative extraction processes thereby boosting production capacity.
  • Sustainability would remain key strategic focus of market leaders through 2029.
  • Gains in soda ash market are primarily concentrated in Asia Pacific owing to thriving construction, chemicals, soaps & detergents industries.
  • Continued usage of cost-effective alternatives such as aluminum and plastics are set to restrict widespread adoption of glass in packaging industry.

Leading players in soda ash market must adopt and implement expansionary, sustainable activities along with strategic collaborations in order to remain prominent.

Asia Pacific to Remain at Forefront of Soda Ash Market Growth Through 2029

Consumers in Asia Pacific have contributed substantially to the growth of soda ash market. Owing to greater net worth incomes of consumers and prodigious demand generated by construction, chemicals, soaps & detergents industry, Asia Pacific will be the epicenter of growth through 2029. The region accounts for a whopping 57.6% share in soda ash market. In addition, India and China will be the domestic growth capitals in Asia Pacific region. On the other hand Europe will account for significant revenue share during the forecast period.

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Strategic Collaboration and Sustainability Remain Key Factors for Sustained Market Leadership

The competitive landscape of global soda ash market is highly consolidated in nature. Major players featured in this study include, but are not limited to, Tata Chemicals Ltd., DCW Ltd., Genesis Energy, LP, Nirma Ltd., Ciner Group, Novacap Group, and CIECH SA. Sustainable practices are increasingly being adopted by industry leaders worldwide. For instance, energy-efficient turbines have been installed by Tata Chemicals Ltd. as a part of their sustainability pledge. Moreover, key players continue to acquire regional companies for enhanced global presence.

Global Soda Ash Market By Category

By Density, the Global Soda Ash Market is segmented as:

  • Light
  • Dense

By End Use, the Global Soda Ash Market is segmented as:

  • Glass & Ceramics
  • Soaps & Detergents
  • Paper & Pulp
  • Metallurgy
  • Chemicals
  • Water Treatment
  • Others

By Region, the Global Soda Ash Market is segmented as:

  • North America
  • Latin America
  • Europe
  • SEA & Pacific
  • China
  • Japan
  • India
  • MEA

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About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth.

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Interlaminar Device Market Overview & Analysis on Technology, Demand and Regional Outlook in 2022-2031

According to the latest research by Future Market Insights, interlaminar device market is set to witness a growth 5.4% during the year 2021-2031. Interlaminar device normally relates to the disease defined by the compression of nerve roots and shrinking of the spinal canal due to many pathologic causes, further leads to symptoms such as pain with a tingling feeling, numbness, and weakness. Spinal stenosis can include the cervical, lumbar, or thoracic (rarely) spine.

What is Driving Demand for Interlaminar Device?

The growth for interlaminar device is driven by various factors including advancements in spine surgery technologies, increasing incidence of spinal disorders, the launch of advanced bone grafting products, and the increasing adoption of minimally invasive spine surgeries.

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Furthermore, key players across the globe focus on advancements in terms of technology to improve the interlaminar device efficacy and expanding their application in the market and assist with inventive growth opportunities. Furthermore, introducing unique product in the market allows businesses to acquire a competitive edge and increase product adoption.

Which factors are likely to Augment Growth of Interlaminar Device Market?

The growth of interlaminar device is likely to be boosted by technological factors which benefits include a shorter hospital stay and recovery time, faster and longer-lasting relief from discomfort, better treatment adaptability, and adjacent layers are naturally moving.

For instance, in May 2018 Paradigm Spine disposable instrument kit coflex® Interlaminar stabilization gets FDA pre-market approval. Coflex® interlaminar stabilization is an exclusive posterior lumbar motion preservation solution which offers long-term outcomes for patients with moderate to severe spinal stenosis.

U.S. and Canada Interlaminar Device Market Outlook

The region of North America accounts for highest market share in the current scenario for interlaminar device. The increasing adoption and penetration of interlaminar device into US and Canada market is mainly due to  a rise in the number patients with spinal cord injury, better healthcare facilities, and organizations like the North American Spine Foundation all working to raise awareness and educate healthcare providers and public about different medical condition.

As per data published by National Spinal Cord Injury Statistical Center, in 2017, approximately 285,000 people in the U.S. are estimated to be suffering from spinal cord injuries.

Europe Demand Outlook for Interlaminar Device

The European region is set to witness a dominant demand for interlaminar device due to the improving healthcare infrastructure, rising awareness, improving reimbursement scenario, and the growing insurance coverage are the major key factor to boost the growth in European region.

Some other factors are rising treatment rates for degenerative spine diseases, rising geriatric population, medical technological advances, and a growth in the demand for minimally invasive treatments are all contributing factors to this trend in Europe.

Who are the Key Manufacturers and Suppliers of Interlaminar Device?

The key companies operating in manufacturing and supply of interlaminar device market include

  • NuVasive
  • Life Spine
  • Lanx acquired by BioMet
  • X-Spine
  • Pioneer Surgical
  • Alphatec
  • Paradigm Spine
  • Spine Frontier
  • Amedica Corp.
  • Bioventus
  • Camber Spine Technologies
  • DePuy Synthes
  • Implanet
  • Mazor Robotics
  • Meditech Spine.

The key players adopt growth strategies for product portfolio expansion by designing novel interlaminar device. The companies also have extensive distribution systems for effective sales revenue generation.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Interlaminar Device Market Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint.

Note: Although care has been taken to maintain the highest levels of accuracy in FMI’s reports, recent market/vendor-specific changes may time to reflect in the analysis.

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Key Segments

By Product Type:

  • Interspinous Distraction Devices
  • Coflex Device

By Technology:

  • Fusion and Fixation Technology
  • Vertebral Compression Fracture Treatment
  • Motion Preservation Technologies

By Type of Surgery:

  • Open Surgery
  • Minimally Invasive surgery

By End User:

  • Hospitals
  • Ambulatory Surgical Centers
  • Specialty Clinics
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East and Africa

About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:    
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Elastomeric Coatings Market sales to reach a value of US$ 11,360.5 Mn by 2029 end – FMI

Future Market Insights (FMI) has estimated the market of elastomeric coatings to witness a year over year growth of 7.3% in 2022 reaching a value of about US$ 6,810.5 Mn by the end of 2022. The global business is projected to witness a growth rate of 7.6% over the forecast period of 2022 and 2029.

Rising demand for eco-friendly and advanced coatings coupled with growing building and construction activities makes elastomeric coatings a popular and innovative choice in the market. Through constant research & development, elastomeric coatings are finding applications in different areas. Further, superior property of the product – water resistance – efficiently protects the intrusion of moisture into the walls, in the construction industry. The growing construction industry is expected to catalyze the growth of the elastomeric coatings market.

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Key Takeaways of Elastomeric Coatings Market Study

  • By type, silicone is expected to be most popular choice of elastomeric coatings, owing to the increasing consumption of silicone-based elastomeric coatings for roof protection against bad weather, standing water, and sun damage.
  • In terms of application, the building and construction industry is expected to be a prominent consumer of elastomeric coatings. This is driven by the increasing construction of commercial, domestic, and industrial buildings across geographies. Furthermore, it is expected that, the application of elastomeric coatings on roofs will be prominent throughout the forecast period.
  • The elastomeric coatings market is anticipated to grow at a decent rate in developing economies, especially in China, India, ASEAN countries, etc., as favorable market conditions and a large consumer base are fueling the demand for elastomeric coatings.
  • Advanced coating technologies have gained tremendous attraction for waterproofing purposes in several industries such as building & construction, automotive & transportation, chemicals, oil & gas, energy & power, etc. Therefore, the shifting trend towards the adoption of advanced coating technologies is expected to drive the growth of the elastomeric coatings market.

“Elastomeric coatings hold more advantages over other coating systems, owing to lower VOC emissions and recyclability, which makes them a preferred choice because of their eco-friendly properties. Attributed to this factor, the demand for elastomeric coatings is anticipated to grow at a significant rate over the forecast period.”

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Elastomeric Coatings Market – Key Research Findings

  • The global elastomeric coatings market size is expected to reach US$ 10 Bn by 2028.
  • The market is projected to record a CAGR of 7% during the forecast period (2019-2029).
  • Silicon-based elastomeric coatings hold about 1/3rd of the total revenue, while polyurea variants are expected to witness strong demand over the forecast period.
  • Demand for elastomeric coatings in building and construction industry will continue to grow on a significant pace, while industrial application will create profitable growth opportunities for market players.
  • Increasing scope of application in automotive industry is expected to complement the elastomeric coatings market growth.
  • North America and Asia are expected to account for major shares of the global elastomeric coatings market, generating collective revenue of US$ 3 Bn by 2029.

Elastomeric Coatings Market: Competition Analysis

The global elastomeric coatings market is a consolidated market space, due to the presence of less number of market players around the world. Some of the key players identified across the value chain of the global elastomeric coatings market are BASF SE, Rhino Linings Corporation, PPG Industries, Inc., Teknos Group, Huntsman Corporation, Covestro AG, Sherwin-Williams Company, Pidilite Industries Ltd., Versaflex Incorporated, and DowDuPont Inc.,  among others. Most of the key players maintain strategic focus on the development of distribution partnerships and joint ventures for global expansion. Manufacturers are focusing on manufacturing sustainable products to cater to the increasing demand for such products for various applications.

How will the market shape up?

Overall growth prospects of economies are expected to remain positive in the coming years. Owing to rapidly growing industrialization and urbanization, end-use industries such as construction are growing at a significant growth rate, which, in turn, is boosting elastomeric coatings market growth. The building and construction segment is estimated to maintain its prominence over the forecast period, whereas, the usage of elastomeric coatings in industrial applications is projected to gain high traction at a steady peace.

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Elastomeric Coatings Market By Category

By Types :

  • Acrylic
  • Polyurethane
  • Epoxy
  • Silicone
  • Polyurea
  • Others

By Application :

  • Building & Construction
    • Roof
    • Wall
    • Floor
    • Bridges
    • Others
  • Industrial
  • Automotive & Transportation
  • Others

By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth.

Contact Us:                                                      

Future Market Insights
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Waste-Derived Pyrolysis Oil Market sales to reach a value of US$ 456.4 Mn by 2029 end – FMI

Future Market Insights (FMI) has anticipated the demand of waste-derived pyrolysis oil to witness a year over year growth of 4.4% in 2022 reaching a value of about US$ 330.8 Mn by the end of 2022. The global business is projected to witness a growth rate of 4.7% over the forecast period of 2022 and 2029.

Waste-derived pyrolysis oil contributes towards waste reduction, is an excellent fuel and energy source, and can be used to extract other petroleum products.

Increasing demand from several end-use industries has resulted in fluctuating oil prices in recent years. Oscillating oil prices have forced end users to look for alternative means to fulfil their fuel needs. Pyrolysis oil production utilizes different types of waste to produce oil, which can be used as diesel, gasoline, and automotive fuel, among others.

Plastic-derived pyrolysis oil, on the flip side, will see gradual stagnancy in its consumption, due to high costs as well as limited reusability of catalysts. Moreover, players in the waste-derived pyrolysis oil market are viewing rubber as an oil source to stay relevant in the competitive landscape.

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Key Takeaways of Waste-derived Pyrolysis Oil Market Study

  • The fast pyrolysis process is practiced on a larger scale by multiple manufacturers; hence, it is expected to sustain its prominence over the forecast period.
  • Biomass, as a source, is easier to crack, and is also a very popular raw material in regions such as Europe, East Asia, and South Asia.
  • The waste-derived pyrolysis oil market is still in its nascent stage; however, it holds a lot of promise. End uses such as heat & power for energy production through boilers, turbines, and engines are expected to hold higher market share over the forecast period.
  • Waste-derived pyrolysis oil also has prominent application in food aromas, plant protectors, or growth enhancers in the food flavoring segment.
  • East Asia, Europe, and North America are expected to be prominent regional markets over the forecast period, owing to the presence of a large number of tier II & III players in East Asia, and tier I players in Europe and North America.

“Global players such as BASF SE, Honeywell UOP, Dow Inc., and ConocoPhillips, among others, have invested strategically in the waste-derived pyrolysis oil market in the recent past, which suggests that major manufactures are keeping tabs in the market as it holds a lot of potential in the coming future.”

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Market Landscape Moving Towards Fragmentation

The waste-derived pyrolysis oil market is fairly consolidated, as a few players have the capability of extensive R&D as well as production capacity. Key tier I manufacturers such as Agilyx, Inc., Enerkem, and Ensyn are opting for growth strategies such as collaborations, joint ventures, and other inorganic growth strategies, along with product development. However, the high emergence of new players is expected in the coming years, owing to the inexpensive set-up of pyrolysis units as well as yearly incrementing oil prices.

What Does the Future Hold?

In the coming years, with the purchasing power of customers increasing in developing regions, the demand for waste-derived pyrolysis oil is also anticipated to rise. Demand for green technology, low carbon footprint, as well as cost-effective and energy-efficient materials from the heat & power generation industry is going to be a major driving force for the waste-derived pyrolysis oil market. Introduction of new applications such as food aromas and plant protection is knocking on the opportunity door for the waste-derived pyrolysis oil market, which is anticipated to experience steady growth.

Waste-derived pyrolysis oil Market by Category

By Material:

  • Unrefined
  • Refined
    • Diesel
    • Petrol/Gasoline
    • Fuel oil
    • Others

By Pyrolysis Process:

  • Fast
  • Flash
  • Others

By Source:

  • Plastic
    • LDPE
    • HDPE
    • Polystyrene
    • Others
  • Rubber
  • Biomass

By End Use:

  • Heat & Power
    • Boilers
    • Gas Turbines
    • Diesel Engines
  • Automotive Fuel
  • Bio Refineries
  • Food Flavouring

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

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About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth.

Contact Us:                                                      

Future Market Insights
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Silica Sand for Glass Making Market expected to increase US$ 7,411.7 Mn by the end of 2029

Expanding at a CAGR of 4.6% the global sales of silica sand for glass making is expected to increase from a valuation of US$ 5,154.8 Mn in 2021 to US$ 7,411.7 Mn by the end of 2029.

The global silica sand market for glass makingis highly influenced by demand for glass from the food & beverage industry, as a majority of manufacturers pack alcoholic drinks in glass bottles or containers. The key factor behind this is the fact that, glass packaging preserves the original taste and quality of the drink inside as compared to metal or plastic.

Consumption of silica sand for glass making is growing in the food & beverage sector, owing to rise in the preference for transparency as well as hygienic packaging of products. The food & beverage packaging industry will represent the best sales opportunities for Silica Sand Market players, capturing over 40% of total market value.

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Although construction and automotive industries are also experiencing notable adoption rates, players in the silica sand market for glass making will capture maximum value from the food & beverage packaging sector.

Key Takeaways of Silica Sand Market for Glass Making Study

  • The demand for silica sand for glass applications is anticipated to increase at a significant rate, on account of increasing per-capita consumption and purchasing power, and growing awareness of the importance of hygiene in the packaging of food products.
  • An increase in glass making activities in developing countries is anticipated to have a positive impact on the growth of the silica sand market for glass making.
  • East Asia holds a prominent share in the global silica sand market for glass making, attributable to the increasing application of glass in various end-use industries in this region.
  • Increasing consumption of glass for packaging food products and photovoltaic cells in solar energy is anticipated to propel growth of the silica sand market for glass making. Moreover, glass has extensive applications in construction, automotive, pharmaceuticals, and scientific instruments & analytical research, along with cookware & utensils.
  • Glass manufacturing companies strive to introduce new and innovative production technologies to cater to the rising global demand for glass. This is anticipated to offer substantial opportunities to players in the silica sand market for glass making.

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“Increasing demand for glass from several end-use industries is expected to create significant growth and expansion opportunities for silica sand suppliers/ manufacturers, as well as contribute to the overall growth of the global silica sand market for glass making.”

Increasing Preference for Glass Containers to Propel Market Growth

The enhanced visual appeal of products packaged in glass containers along with the transparent nature of glass enables manufacturers to showcase the premium quality of their products. Glass is a versatile material in container manufacturing, and containers can be made from this material in a wide range of colours, shapes, and sizes. Moreover, manufacturers in the food & beverage industry prefer the use of glass containers, and, as such, the food and beverage segment accounts for a substantial share in terms of volume as compared to other applications in the global silica sand market for glass making. This segment accounted for more than one-third share of the global silica sand market for glass making in 2018.

These factors are anticipated to have a positive impact on the growth of the global silica sand market for glass making over the coming years.

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Silica Sand Market for Glass Making Moving towards Consolidation

The silica sand market for glass making is significantly driven and dominated by a handful of players with extensive R&D capabilities. Tier-I manufacturers in the global silica sand market for glass making are U.S. Silica, Imerys Refactory Materials, Sibelco, Fairmount Santrols, Badger Mining, and JLD Minerals. These players are focusing on joint ventures, partnerships, and collaborations to build on their product expertise and enhance market dominance.

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth.

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Luxury Rigid Boxes Market Research Report by Type, by Production Technology, by Application, by Function – Global Forecast to 2030

Luxury rigid boxes market is projected to reach over US$ 5.4 Bn by 2030, as per the new market study published by the ESOMAR recognized research firm Future Market Insights.

Luxury rigid boxes have been an ideal solutions for product premiumization. They add to the appearance and aesthetics, boosting sales of the beauty and personal care products. This has prompted the end-use segment to use luxury rigid boxes to make impactful designs to lure in more consumers. With a booming beauty products market, analysts anticipate that luxury rigid boxes will see excellent growth opportunities.

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The global leaders of beauty and personal care industries including Unilever, L’Oréal, Estée Lauder Procter & Gamble, and Shiseido and Coty have collectively reported soaring revenues, which is expected to translate with bigger budgets for luxury packaging of products. North America and Asia Pacific leading market for beauty and personal care markets and holding nearly 64% market share. All of these statistics point towards brilliant growth opportunities for luxury rigid boxes, which are continuously evolving to keep with the changing demands. Today, demand for eco-friendly packaging materials is also being factored in the production of luxury rigid boxes.

Furthermore, gradual shift from traditional packaging trend to smart and connected packaging trend has been observed in recent years. Digital shopping platforms and e-commerce have drastically increased connectivity with the consumers and it has created a great exponential opportunity for the manufacturers in the luxury boxes market. The luxury boxes with Near Field Technology and RFID technology are expected to be next-gen intelligent packaging formats, as the demand for anti-counterfeiting and anti-theft prevention packaging solutions is increasing.

Key Takeaways of Luxury rigid boxes Market Study

  • Consumer goods industry is estimated to account for more than 1/3rd of the luxury rigid boxes market by 2030
  • Two piece boxes estimated to have an incremental opportunity of US$ 268 Mn by 2025
  • Paper and paperboard estimated to account for 68% of the global market by value, and reach slightly over US$ 3.6 Bn in 2030
  • Magnetic closure is estimated to gain by 180 bps of current market share during the forecast period
  • Foam inserts are estimated to have a significant market share by insert types, accounting for more than half of the market share by 2030
  • Asia Pacific is estimated to have an incremental opportunity of US$ 930 Mn by 2030 with the increasing demand for luxury boxes for confectionery product packaging

“Luxury rigid boxes are the elegant and sophisticated medium for presenting products. Additionally, these boxes promote impulse purchasing of the products. Demand for luxury rigid boxes among end users is consistently increasing to build and enhance positive brand image. In spite of declining phase of luxury rigid boxes market in 2020 due to COVID 2019, significant revenue generating opportunities are anticipated with explosive nature of e-commerce and digital shopping,” says and FMI analyst.

Players Aim at Mergers & Acquisitions to Expand Product Portfolio

As a part of growth strategy, companies are emphasizing on mergers & acquisitions of small or medium sized specialized companies in order to expand their product portfolio, market footprint, increasing brand value, strengthen supply chain network etc. Some of the deals in past years are as follows –

  • In January 2022, Metsä Board, the paperboard and packaging manufacturer, introduced new luxury box named SkinCare 2.0 gift box which uses fibre-based materials to replace plastic
  • In November 2021, Fresnels Inc, the company which provides packaging solutions, developed a new recycled folding carton features dynamic nanotechnology decorative elements to catch the eye and interact with customers in the retail beverages environment.

Catering to the growing sentiment of eco-friendly packaging to reduce the pressure on landfills and to ensure responsible packaging is expected to create worthwhile opportunities for the players.

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Luxury Rigid Boxes Market by Category

By Packaging Type:

  • Hinge lid Box
  • Collapsible Box
  • Rigid Sleeve Box
  • Shoulder Neck Box
  • Two piece Box
  • Telescopic Box
  • Others

By Material:

  • Fabrics
  • Metals
  • Plastics
  • Paper & Paper Board
  • Wood

By Closure Type:

  • Magnetic Closure
  • Ribbon tie
  • Mechanical Lock
  • Others

By Inserts:

  • Without insert
  • With insert
    • Foam Inserts
    • Plastic Inserts
    • Paper or Paperboard Insert

By End Use:

  • Fashion Accessories & Apparels
    • Watches
    • Jewelry
    • Sunglasses
    • Ties
    • Shoes
    • Apparels
    • Others
  • Food & Beverages
    • Cookies & Biscuits
    • Chocolates
    • Sweets
    • Alcoholic beverages
    • Others
  • Consumer Goods
    • Flowers
    • Ceramics
    • Glass craft
    • Metal craft
    • Others
  • Perfumes
  • Consumer Electronics

Impact of COVID-19 on Luxury Rigid Boxes Market

Manufacturers across the globe are facing several challenges in production of luxury rigid boxes due to COVID-19. This is primarily due to disrupted supply chain and trade related regulations. COVID-19 has had a negative impact on the economic activities and unfortunately, a quick recovery of the situations is possibly difficult. However, as global supply chains are disrupted, governments across various regions are considering stimulus packages to revamp the economy.

Owing to the declining economic condition, less demand for luxury packaging is estimated in 2022. Luxury rigid boxes market is largely dependent on sales of cosmetic, perfumes, and confectionery products packaging. A gradual shift from luxury product purchasing to essential product purchasing is witnessed in the mid of 2022. Therefore, as per FMI analysis, the luxury rigid boxes market is expected to decline till year end. However, the production activities are slowly resuming and expected to create growth opportunities for luxury rigid boxes in next decade.

Luxury rigid boxes Market Landscape

The global luxury rigid boxes market is fragmented and it is anticipated to witness tough competition among the manufacturers across several regions. This market consist of strong key players focusing on innovative product development. Besides this, new players are entering into the market owing to significant sales creation with the increasing demand for luxury boxes in cosmetics, food and beverages and personal care industries.

The key players of global luxury rigid boxes market are Robinson Plc, McLaren Packaging Ltd, DS Smith Packaging Limited, PakFactory, Madovar Packaging Inc., Burt Rigid Box, Inc., Holmen AB ADR (Iggesund Paperboard), Elegant Packaging, Elite Marking Systems, Design Packaging, Inc., Bigso Box Of Sweden, ACG | Ecopack (Finn Industries, Inc.):, JohnsByrne, Sunrise Packaging, Inc., Asia Korea Printing Inc., Bell Printers, Prime Line Packaging, Autajon, Npack ltd., Taylor Box Company, among others.

The Tier structure is categorized in three stages. The Tier 1 stage highlights prominent players such as DS Smith, Holmen AB ADR (Iggesund Paperboard), Bigso AB, and PakFactory. These leaders are characterized by wide product portfolio and high sales for luxury boxes. The Tier 2 players are Taylor Box Company, Robinson Plc These players are identified on the basis of their product portfolio, segmental revenue and market presence. The Tier 3 stage includes McLaren Packaging Ltd., Burt Rigid Box Inc., Sunrise Packaging Inc., Design Packaging, Inc., Madovar Packaging Inc. etc. which are characterized by strong customer relationship in the local markets. Overall these companies are expected to hold nearly 15-20% market share in the global luxury rigid boxes market.

 

About us:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact :

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
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Sterile and Antiviral Packaging Market : Worldwide Industry Analysis and New Market Opportunities Explored By 2022

With growth projected at a strong CAGR of over 5% during 2022 – 2030, the sterile and antiviral packaging market is heading towards a new era of packaging with the adoption of advanced manufacturing processes.

Various OEM’s adaptability for sterile and antiviral packaging is driven by demand for minimizing the exposure risk of the medical products that can hamper the quality of products giving rise to health concerns. Furthermore, sterile and antiviral packaging increases the shelf life of products.

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The sterile and antiviral packaging market is anticipated to grow owing to rise in chronic illnesses as well as improvement and availability of healthcare facilities across the globe. This is likely to boost the demand for medical products such as trays, clamshells, bags, and pouches.

Potential Impact of COVID-19 on Market Performance

Amidst the coronavirus (COVID-19) pandemic, the behavior and attitude of the customers are likely change significantly. Immediate effects would be consumers’ concern regarding the virus’ ability to survive on the surface of packages and this would fuel the demand for sterile and antiviral packaging that has antiviral and antibacterial properties.

Consumers’ sentiment regarding the consumption is likely to become highly concerned for safety and contamination risks which is likely to boost the demand exponentially for sterile and antiviral packaging over the forecast period.

Global Sterile and Antiviral Packaging Market by Category

By Packaging Type :

  • Thermoform Trays
  • Sterile Bottles/Containers
  • Vials & ampoules
  • Sterile closures
  • Pre-filled syringes
  • Blister & clamshells
  • IV Bags & pouches
  • Sterile Wraps
  • Others (Sterile Lids, etc.)

By Material :

  • Plastics
  • Glass
  • Metal
  • Paper & paperboard

By End Use :

  • Pharmaceutical & Biological
  • Surgical & Medical Instruments
  • Food & Beverage Packaging
  • Others

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Key Takeaways of the Study

  • Ampoules and vials continue to attract huge investments from stakeholders in sterile and antiviral packaging market. Multi-compartment packaging products such as thermoformed trays, and blister packs are reflecting potential value-creation opportunities in.
  • Plastic finds a wide range of applications in sterile and antiviral packaging including, pouches, thermoformed trays, clamshell and other packaging products. Adaptability of plastic material to mold into various and high barrier properties is enabling its broader adoption in sterile and antiviral packaging.
  • Brand protection and hygiene are vital elements of any business, particularly in the healthcare sector. Major players in the sterile and antiviral packaging industry are focusing on the integration of various technological enhancements for the security of their products and improving package quality, especially for surgical & medical instruments.
  • Significant growth in spending on sterile and antiviral packaging contract services prevails. According to an independent research study, the expenditure has increased from US$ 10 Mn to US$ 50 Mn on outsourcing production of sterile and antiviral packaging over the last decade
  • The US will outbid other nations in sterile and antiviral packaging market. Strong R&D sector of the U.S. along with presence of pharmaceutical innovators is boosting the developed regional market. East Asia is expected to outperform the US in the sterile and antiviral packaging market by the end of the forecast period.

Major players in the sterile and antiviral packaging market are inclined towards blister packs, vials and ampoules for antiviral drugs, suggesting that companies are concentrating on improved materials for sterile packages. As of 2020, companies are focusing on strengthening their supply chains to cater to those markets in need during the COVID-19 pandemic.

Sterile and Antiviral Packaging Market Landscape

Sterile and antiviral packaging market is a fragmented with the majority of players operating regionally. Key market players such as Amcor, Placon Corp. are adopting inorganic strategies including, mergers & acquisitions, to maintain their competitiveness. Further, small- and medium-scale manufacturers – Deufol -are looking to increase their production capacity to sustain in sterile and antiviral packaging market.

 

About us:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact :

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Dunnage Trays Market Segmentation and Analysis by Recent Trends, consumption by Regional data, Development, Investigation, Growth

Dunnage trays are in high demand, especially for transit and processing of automotive parts on shop floors. Majorly driven by their reusability, sales of dunnage trays are set for steady growth at a CAGR of 4.3% during 2022 – 2029. Customized dunnage trays are specially designed for the automotive manufacturing process, in which a robot takes the components out of the tray and feeds them directly into the assembly line.

However, companies have introduced a better solution by providing reusable dunnage trays that are 100% recyclable. These reusable dunnage trays are designed specially to protect spare parts and other similar material during the manufacturing process, can be re-used, and are treated as capital investment.

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Key Takeaways of Dunnage Trays Market Study

  • Dunnage trays market has been witnessing significant growth in demand for custom-designed dunnage trays, with cavities that can be shipped and unloaded at the assembly line.
  • Automotive industry remains the prominent end-use industry, followed by healthcare & pharmaceuticals, in global dunnage trays market.
  • Polypropylene (PP) continues to be preferred over the high-density polyethene (HDPE) among manufacturers of dunnage trays. This is attributable to industry experts declaring polypropylene as a tough and robust material with suitable properties such as good heat & puncture resistance and strength for manufacturing dunnage trays.

Increasing implementation of robotic technology in manufacturing, especially in the automotive industry has been a driving force for sales of customized dunnage trays, as assembly line are replaced by robots. The thriving electric vehicle (EV) market is anticipated to contribute substantially to the growth of the dunnage trays market in the foreseeable future.

Players in Dunnage Trays Market Focus on Product Durability and Reusability

The primarily role of a dunnage tray is to safeguard the cargo during the transit, and this packaging solution can withstand external factors such as heat (especially during the manufacturing process), giving confidence to end-users, and increasing its use in extreme climatic conditions. Dunnage trays can last for many years, ultimately saving costs by reducing the need for frequent repurchase.

Thus manufacturers in the dunnage trays market focus on use of sustainable materials, which are hygienic and easy to clean, with an aim to improve their product sales. Prominent manufacturers in the dunnage tray are using High-density Polyethylene (HDPE), as this easily recyclable material helps to protect stored parts against electrostatic discharge from charged surfaces and grounded items nearby, which could lead to undesired accidents or loss of sensitive electronic devices and sensors.

Key Segments Covered in Dunnage Tray Industry Research

Material Type:

  • Polypropylene (PP)
  • Polyvinyl chloride (PVC)
  • Thermoplastic polyurethanes (TPU)
  • Acrylonitrile butadiene styrene (ABS)
  • High-density polyethylene (HDPE)

End-use:

  • Electrical & Electronics
  • Healthcare & Pharmaceuticals
  • Automobile
  • Food & Beverage
  • Agriculture
  • Shipping & Logistics
  • Manufacturing & Warehousing

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Know More About Dunnage Trays Market Report

Future Market Insights, in its new offering, offers an unbiased analysis of the global dunnage trays market, analysing historical demand from 2014-2021 and forecast statistics for 2022-2029.

The study unravels growth projections on the dunnage trays market on the basis of material type (Polypropylene (PP), Polyvinyl Chloride (PVC), Thermoplastic polyurethanes (TPU), Acrylonitrile butadiene styrene (ABS), High density polyethylene(HDPE), end-use industry (electrical & electronics, health care & pharmaceuticals, automobile, food & beverages, agriculture, shipping & logistics, manufacturing & warehousing), across seven major regions.

 

About us:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact :

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Automotive Appearance Chemicals Market projected size to top US$ 41.7 Bn in 2031 – FMI

Increasing automotive sales across the globe and the rising focus on improving the aesthetic appearance of vehicles are expected to push sales in the automotive appearance chemicals market. Considering this, Future Market Insights (FMI) has projected the market size to top US$ 41.7 Bn in 2031.  Demand in the market is expected to increase at 4.9% CAGR between 2021 and 2031.

Rapid urbanization, easy credit availability and increasing per capita expenditure is elevating demand for automobiles across the globe. Key automotive manufacturers are increasing their production capacities to cater the growing demand for automobiles across the globe.

With consistent growth in sales of automobiles, demand for automotive appearance chemicals is also expected to rise in a ripple effect during the forecast period, as they are regularly used over the entire lifetime of a vehicle.

Moreover, key manufacturers are focusing on developing eco-friendly products in response to growing awareness regarding harmful effects of chemicals on the environment. Increasing consumer preference for biochemicals is anticipated to continue driving sales of automotive appearance chemicals over the forecast period.

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As per FMI, the U.S. is projected to emerge as the most lucrative pocket in North America automotive appearance chemicals market. Presence of key market players, along with increasing sales of autonomous and luxury vehicles in the country are anticipated to continue providing tailwinds to automotive appearance chemicals sales over the assessment period.

“Stringent regulations imposed to control toxic emissions during chemical manufacturing processes, couples with government initiatives promoting sales of electronic and hybrid vehicles in various countries are anticipated to bode well for the global automotive appearance chemicals market through 2031,” says the FMI analyst.

Key Takeaways:

  • In terms of product type, sales of windshield washer fluids are expected to grow at 4.2% CAGR, accounting for 50% of the total market share through 2031.
  • Demand for automotive appearance chemicals in the passenger car segment is slated to rise at a 5.1% CAGR, holding 70% of the total market share.
  • Aftermarket will remain the most preferred sales channel, commanding 95% of the total automotive appearance chemicals market share.
  • The U.S. is projected to dominate the North America market, accounting for 89.2% of the market share in 2031.
  • Sales of automotive appearance chemicals in Germany are poised to rise at a 4.2% CAGR over the forecast period.
  • China is projected to hold over 60% of the East Asia automotive appearance chemicals market share.
  • Japan and South Korea will collectively account for 4.1% of the global automotive appearance chemicals market.

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Competitive Landscape                                                                                          

According to the Market Research analysis, PPG Industries, 3M Company, BASF SE, Energizer Holdings Inc., Kao Corporation, Jax Wax Inc., Sonax GmbH, Malco Products Inc., Koch Chemie GmbH, Mothers Polishes Wax Cleaners Inc., Koster Keunen Inc., The Darent Wax company Ltd., Future Development (manufacturing) Ltd., Northern Labs Inc., CRC Industries., Sasol Ltd., Altro Limited., Turtle Wax Inc., DuPont de numerous, Inc., among others are the key players identified by Future Market Insights in the market.

Top 5 players comprising 3M Company, PPG Industries, Sasol Ltd., BASF SE and DuPont de Nemours, Inc. are expected to command 40-45% of the total automotive appearance chemicals market share over the forecast period.

Leading players are actively investing in strategic collaborations, partnerships, mergers, and acquisitions to strengthen their distribution networks, and to expand their global footprint in the market. Apart from this, research, and development to develop more eco-friendly products will remain a part of growth strategies adopted by players over the assessment period. For instance:

  • In April 2021, Armor All®, a prominent brand in quality car maintenance products for all automobile operators, announced that Red Bull Racing Honda has entered into a worldwide, multi-year collaboration with it.

Automotive Appearance Chemicals Market by Category

By Product Type:

  • Polishes
  • Windshield Washer Fluids
  • Soaps
  • Coatings
  • Car Wax

By Vehicle Type:

  • Passenger Cars
  • Light Commercial Vehicles (LCV)
  • Heavy Commercial Vehicles (HCV)

By Sales Channel:

  • Aftermarket
  • Original Equipment Manufacturers (OEMs)

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia Pacific
  • Middle East and Africa

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About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth.

Contact Us:                                                      

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com