Global Food Additive Market to Reach USD 551.4 Billion by 2034 with 7.2% CAGR | Future Market Insights Inc.

According to the latest analysis, the global food additive market is projected to reach USD 310.9 billion by 2024. Over the forecast period, demand for food additives is expected to grow at a robust CAGR of 7.2%, driving the market valuation to an impressive USD 551.4 billion by 2034.

The beverage sector continues to be a major consumer of food additives, with this trend anticipated to persist through 2034. The growing use of both artificial and natural sweeteners across various industries is a key factor in this high consumption. The beverage segment is expected to hold a substantial 34.0% share of the market in 2024.

The Factors Increasing the Demand for Food Additives are as follows:

  • Growing consumption of processed and ready-to-eat food is increasing the demand for food additives.
  • Manufacturers are increasing the adoption of food additives to enhance the taste and flavor of food.
  • The increasing consumption of sustainable and high-quality food is surging the demand for food additives.
  • Various organizations, including the Food Administrative Organization, the World Health Organization, and the United States Department of Agriculture, are introducing high-quality and standardized food additives. The key objective of this is to increase the market for foreign trade.
  • Growing technology, rising demand for healthy food, and food innovation are increasing the adoption of food additives.
  • The industry is expanding due to the growing demand for items that can be stored for a long time, such as pickles, sweets, and bacon. Top companies are focusing on maintaining the color of food by increasing the adoption of micro-encapsulation techniques is advancing market growth.
  • The food & beverages sector is growing its market by rapidly increasing the adoption of food additives to improve food texture, color, and taste.
  • The demand for Food and Beverage Additive is rising in hotels and restaurants as a result of the food’s increased advanced nutrition, which is expanding the market opportunities. Adopting food additives for preserving food to prevent spoilage is influencing market growth.

Food additives play a vital part in the food and beverage industry. They are used for various purposes, from preserving freshness to improving color and texture.

The growing usage of food additives to improve the taste, quality, and texture of different food products is expected to boost the market. Similarly, the ability of food additives like preservatives to extend the shelf life of food products will boost their sales through 2034.

The market for food additives is influenced significantly by consumer preferences and changing lifestyles. There is a rise in demand for processed and packaged food products as consumers seek convenience and a broader range of food variety. This will likely fuel food additive demand.

Key Takeaways from the Food Additives Market Report:

  • The global market for food additives is projected to total USd 551.4 billion in 2034.
  • Based on product type, the fine ingredients segment is expected to hold a leading market share of 38.6%.
  • By end-use application, the beverages segment is poised to account for a value share of 34.0% in 2024.
  • Europe is expected to hold a leading market share of 21.9%, closely followed by North America at 17.8%.
  • Demand in the United States is poised to rise with a CAGR of 4.2% through 2034.
  • Japan is anticipated to register a CAGR of 6.0% between 2024 and 2034.

Competitive Landscape

The food additive market features a vibrant and competitive landscape, with leading manufacturers continuously innovating to introduce new solutions such as natural sweeteners, food coloring agents, carrageenans, thickening agents, and high fructose corn syrup. To maintain a competitive edge, these companies emphasize innovation, quality, and alignment with customer preferences.

Top players in the industry are also focused on securing product approvals from regulatory bodies and are leveraging strategies such as acquisitions, partnerships, collaborations, distribution agreements, and mergers to enhance their global presence.

Recent Developments in the Food Additive Market-

  • In January 2021, Ingredient Solutions, Inc., a distributor and blender of specialty hydrocolloids, was acquired by Tilley Co. This development enhanced the company’s portfolio of value-added specialties and ingredients.
  • In June 2020, the liquid version of Linablue natural blue food coloring was launched by DIC Corporation’s subsidiary, DIC Lifetec Co., Ltd. The new Spirulina-extracted natural food coloring is now available in no-drip bottles.
  • In 2021, B.T. Sweets introduced Cambya, a plant-based, one-to-one sugar replacer made from soluble fibers, monk fruit, and select botanicals. Unlike other sugar substitutes, the company claimed that Cambya does not require any masking agents because it does not leave a bitter aftertaste.
  • In September 2022, Sun Chemical introduced SUNFOODS Natural Colorants for the food & beverage industry.
  • In May 2023, the National Commission of the People’s Republic of China approved six new food additives, two new food raw materials, and six food-related products.

Key Players Listed in the Food Additives Global Market Report

  • Chr. Hansen Holding A/S
  • BASF SE
  • Royal DSM N.V.
  • Sensient Technologies Corporation
  • Dow Chemical Company
  • Nutra Food Ingredients, LLC
  • Bell Flavors & Fragrances Incorporated
  • Ajinomoto Food Ingredients
  • Corbion Food Ingredients
  • Food Ingredient Solutions, LLC
  • Others (on additional request)

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Food Additive Market by Category

By Product Type:

  • Dairy Ingredients
  • Sweeteners
  • Fibers
  • Fine Ingredients

By End-use Application:

  • Dairy Industry
  • Confectionery
  • Bakery
  • Snacks
  • Sauces & Soups
  • Pasta & Noodles
  • Meat Products
  • Baby Food
  • Pharmaceuticals
  • Beverages
  • Dietary Supplement
  • Personal Care

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Health Trends Fueling Demand: Processed Superfruit Market Expands with Growing Awareness

The processed superfruit market is projected to reach USD 134.8 billion by 2024, driven by heightened consumer awareness of the health benefits associated with superfruits, including antioxidants, vitamins, and minerals. This growing recognition is significantly boosting demand for processed superfruit products.

Furthermore, the market for processed superfruits is expected to grow at a compound annual growth rate (CAGR) of 4.1% through 2034. The increasing consumer preference for natural and organic products is fueling this growth, as people increasingly seek options that are free from additives, preservatives, and artificial ingredients.

The processed superfruit industry is projected to surpass USD 202.3 billion by 2034. To ensure broad consumer access, companies are utilizing a range of distribution channels, including supermarkets, health food stores, online platforms, and specialty retailers.

Ongoing product innovation and diversification, including the introduction of new flavors, blends, and formats such as freeze-dried options, purees, juices, and snacks, address evolving consumer tastes and appeal to a broader audience. Additionally, strategic partnerships with food manufacturers, restaurants, and food service providers are enhancing the use of processed superfruit ingredients in diverse culinary applications, thereby boosting sales.

Growing consumer awareness of the health benefits of superfruits, including antioxidants and vitamins, has spurred demand for processed superfruit products as people seek nutritious and functional food choices. Additionally, the convenience of these offerings has been a major sales driver, as processed superfruit products provide easy-to-consume, ready-to-eat options that fit seamlessly into busy lifestyles.

The integration of superfruit ingredients into functional foods and beverages, including energy bars, smoothie mixes, and dietary supplements, is gaining momentum. These products harness the nutritional benefits of superfruits to provide targeted health advantages such as immune support, energy boosts, and improved skin health.

As consumers increasingly prioritize health and seek products with added functional benefits, the demand for processed superfruit ingredients in these functional foods is anticipated to rise.

Competitive Landscape

The processed superfruit industry includes a blend of established multinational corporations with extensive global distribution networks and prominent brands, as well as niche and regional players specializing in particular superfruit varieties or catering to local preferences. New entrants also frequently emerge, often distinguished by innovative product formats, unique blends, or a focus on sustainability.

To stand out in this competitive landscape, companies employ various strategies. They highlight distinctive product features such as organic certification, fair-trade sourcing, or specific health benefits associated with their proprietary blends. Additionally, businesses enhance value by offering convenient formats, subscription services, and targeted marketing campaigns aimed at specific consumer segments.

Recent Developments in the Processed Superfruit Industry

  • Symrise partnered with a leading organic superfruit supplier in South America. This collaboration aims to ensure responsible sourcing practices and ethical labor standards.
  • SunOpta launched a new smoothie line featuring a blend of superfruits and plant-based milk alternatives. This move aligns with the rising demand for vegan and dairy-free options.
  • Kerry Group also launched a new range of natural flavorings that incorporate superfruits. These flavorings cater to the growing demand for unique and exotic flavor profiles in food and beverage applications.

Key Companies in the Market

  • Symrise AG
  • SunOpta Inc.
  • Kerry Group plc
  • Agrana Beteiligungs-AG
  • Del Monte Pacific Limited
  • Ocean Spray Cranberry Inc.
  • PepsiCo Inc.
  • Dabur India Ltd.
  • Uren Food Group Limited
  • Frutarom Industries Ltd.

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Key Segments

By Product Type:

  • Acai
  • Avocado
  • Blueberry
  • Blackberries
  • Camu Camu
  • Cherries
  • Coconut
  • Raspberry
  • Soursop
  • Strawberry

By End Use:

  • Food Industry
  • Bakery
  • Confectionery
  • Breakfast Cereals
  • Snacks
  • Baby Food
  • Dairy Products
  • Jams & Jellies
  • Powder Premixes
  • Beverages
  • RTD Juices
  • Energy Drinks
  • Functional Water
  • Carbonated Beverages
  • Sorbets and Smoothies
  • Probiotic Drinks
  • Retail (Household)

By Nature:

  • Organic
  • Natural
  • Conventional

By Form:

  • Liquid
  • Frozen
  • Powder
  • Canned
  • Dried
  • Pulp & Puree

By Sales Channel:

  • HoReCa
  • Retail Sales
  • Hypermarkets/ Supermarkets
  • Discount Stores
  • Wholesale Stores
  • Grocery Stores
  • Specialty food Stores
  • Online Retail
  • Others

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:
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T: +1-845-579-5705
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Ceiling Tiles Market Thrives Amid Rising Demand for Energy-Efficient and Aesthetic Solutions in Green Construction

The ceiling tiles industry size is expected to reach USD 7,923.3 million by 2023 and USD 14,389.2 million by 2033, growing at a 6.1% CAGR. The growth in the construction and building industry has stimulated ceiling tile manufacturers to prosper. Ceiling tiles are becoming more popular throughout the world due to an increasing emphasis on decorating interiors and exteriors in commercial, industrial, and other fields.

Commercial construction is expected to expand in light of the increase in skyscrapers, hospitals, colleges, and shopping malls. According to predictions, the market will grow due to factors including the growing demand for thermal insulation and acoustic insulation. Metalworks ceilings are often constructed from aluminum, which can contain up to 98% recycled material. Construction waste is reduced by metal ceilings, which are reclaimable after their use and have a long lifespan. In addition, perforated panels with acoustical backing can also improve indoor environmental quality with metal ceilings by reducing reverberation time and enhancing acoustics, both of which can reduce the cost of energy consumption.

A sustainable ceiling may be constructed from recycled and recyclable materials, or from components that are environmentally friendly in the extraction, manufacture, and transportation process. In addition to being more sustainable, a durable ceiling does not have to be replaced as often as an inflexible ceiling. The Mineral & fiberglass ceiling tiles are a great option since they are stable under low to high frequencies. Ceiling tiles manufactured from mineral fibers tend to have a lower noise reduction coefficient (NRC) and a higher ceiling attenuation classification (CAC). Ceiling tiles made of fiberglass will keep a room quieter than mineral fiber ones. In addition to being moisture-resistant and sagging-resistant, fiberglass panels offer low density.

“A growing concern for the environment is encouraging major construction companies to use sustainable ceiling tiles, offering manufacturers a chance to expand their product lines,”, says an FMI analyst.

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Key Takeaways

  • Approximately two-fifths of revenue in 2023 came from mineral fiber/gypsum ceiling tiles
  • Installed ceiling tiles are expected to enjoy an increase in demand in the future
  • The commercial market will account for over 90% of sales by 2033.
  • Drop ceiling tile is installed, its popularity is expected to skyrocket, due to its ease of installation against the backdrop of an explosion in popularity.
  • The development of infrastructure in India and China will spur sales.
  • The United States is expected to achieve significant growth in the coming years, backed by a positive housing market.
  • Regulations requiring periodic upgrades in ceiling material to lead the UK market’s growth.

Competitive Landscape

The ceiling tile industry faces intense competition around the world. Their leading position in the highly competitive market will be maintained by offering a cost-effective and broader product line.

The key industry players are

  • Armstrong World Industries
  • USG Corporation
  • Compagnie de Saint-Gobain S.A. i
  • Hunter Douglas N.V.
  • SAS International
  • Rockfon, LLC
  • Odenwald Faserplattenwerk GmbH
  • Knauf AMF GmbH & Co. KG
  • Dexune
  • durlum GmbH
  • Techno Ceiling Products
  • Credence Industries
  • Prolad India Pvt. Ltd
  • India Gypsum Pvt. Ltd
  • Bangzheng International (KET Ceiling)

Market Developments Include:

  • In April 2023, Rockfon will unveil acoustic ceilings that reflect current trends in nature and wellness. Stone wool ceiling panels from Rockfon are not only beautiful but also support healthy acoustics and environmental quality in interior spaces. “Colors of Wellbeing” is a collection of matte-finished Rockfon® Chicago Metallic ceiling suspension systems and Rockfon Color-all acoustic stone wool ceiling panels.
  • In May 2023, Woven Image will introduce Fuji, a range of ceiling tiles for spaces with raw concrete interiors that improve sound quality. With industrial materials surfaces and exposed ceilings, the Fuji collection is a perfect choice for commercial offices that are becoming increasingly trendy. Compared to flat panels, tiles, or baffle systems, these tiles have concave three-dimensional shapes that offer better acoustic performance.

Ceiling Tiles Market Outlook by Category

By Material Type:

  • Mineral Fiber
  • Metal
  • Wood and Engineered Wood
  • Gypsum
  • Others

By Installation Type:

  • Suspended
  • Surface Mounted

By End Use:

  • Residential
    • Apartment Buildings
    • Individual Residences (Villas, Row Houses, Bungalows)
  • Commercial
    • Retail
    • Hospitality, Leisure & Entertainment
    • Offices
    • Healthcare
    • Educational Institutions
    • Others
  • Industrial

By Region:

  • North America
  • Latin America
  • East Asia
  • South Asia & Pacific
  • Western Europe
  • Eastern Europe
  • Central Asia
  • Russia & Belarus
  • Balkan & Baltic Countries
  • Middle East & Africa

Old Source: https://www.accesswire.com/578795/sales-of-ceiling-tiles-set-for-dexterous-growth-through-2029-market-receiving-tailwinds-from-green-retrofit-activities-opines-fmi

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Urbanization and Automotive Growth Drive Silica Sand Demand, Boosting Glass Industry with Focus on Ultra-High Pure Glass

The silica sand for glass making market size is expected to record a CAGR of 4.1% between 2023 and 2033. The market is expected to be valued at USD 5.7 billion in 2023. By 2033, the estimation is projected to cross USD 8.5 billion.

The surging construction sector is expected to increase the demand for silica sand for glass making. Rapid urbanization and different sectors looking to expand their footprints are a few of the factors that have surged the market growth.

In a bid to focus more on sustainability, the green building market is expected to grow at a robust 13.6%. By 2032, the valuation of the green building market is expected to cross US$ 650 billion, which represents a massive opportunity for the silica sand market.

The luxury hotels are also on an expansion spree. Based on the survey conducted by FMI, the luxury hotel market was valued at US$ 95,113 million in 2022. This market is expected to record a CAGR of 5.3% during the forecast period. This would certainly mean an increase in construction activities, which is expected to support the silica sand market growth.

With ecosystem and sustainability being the talk of the town, there is a lot of emphasis being laid on the development of hybrid vehicles. The global hybrid vehicles market is expected to grow at 22% during the forecast period. Key players operating in this market are looking to expand their plants worldwide, which might support the market growth of silica sand.

However, the market is facing challenges pertaining to supply chain management. This has led to an increase in the price of silica sand, and in many places, there is a scarcity of the product.

Thus, by the insights provided by FMI researchers, it can be inferred that an ‘increase in the growth of construction sectors, adoption of green alternatives, expansion of automobile market, and various other factors are expected to surge the market growth.’

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Key Takeaways:

  • The silica sand for glass-making market is anticipated to register a CAGR of 4.1% during the forecast period.
  • The market is projected to be valued at US$ 5.7 billion in 2023.
  • By 2033, the market is expected to cross a valuation of US$ 8.5 billion.
  • Based on the regional analysis, Asia Pacific is expected to hold the dominant market share.
  • The United States market is expected to advance at 4.7%.
  • The United Kingdom market is projected to grow at 3.8%.
  • China market is anticipated to record a CAGR of 5.1%.
  • Japan market is expected to grow at 4.7%.
  • South Korea silica sand for glass making market is projected to advance at 4.6%.
  • Based on the application, the glass container segment is expected to hold the dominant share, and might advance at 4.1%.
  • Based on the purity, the high purity segment is projected to be the leading segment and is expected to grow at 4.3%.
  • Based on the end use, the construction segment is expected to be the leading segment.

Competitive Landscape

The key players operating in the market are expected to make investments in mergers and acquisitions. There are also moves pertaining to strategic partnerships. For this, the manufacturers are entering into collaborations with players from various niches. The key players are also investing in the research and development aspect of the business. This is being done by enhancing the capabilities of silica sand using other elements. There are also moves being made to increase the manpower.

Dominant Players in the Market

  • Sibelco
  • Imerys
  • Tochu Corporation
  • US Silica
  • Euroquarz GmbH

Silica Sand for Glass Making Market Segmentation

By Application:

  • Flat Glass
  • Fiber Glass
  • Glass Container (Colored, Colorless)
  • Special & Technical
  • Tableware Glass
  • Others

By Purity:

  • High Purity
  • Ultra-high Purity

By End Use:

  • Food & Beverage Packaging
  • Industrial
  • Pharmaceutical
  • Scientific Instrument & Analytical Research
  • Construction
  • Automotive
  • Cookware & Utensils

By Region:

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

Old Source: https://www.openpr.com/news/3191514/silica-sand-for-glass-making-market-to-surpass-us-8-5-billion

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Surging Demand for Minerals and Metals Fuels Growth in Mining Lubricants Market Amidst Rising Infrastructure Development

Future Market Insights, in its incisive study on the mining lubricants industry demand, opines that the market is slated for 5.40% growth through the forecast period (2024 to 2034). Growing investments in Asia Pacific are likely to offset subdued growth in key markets, with the coal and iron ore mining sector driving demand.

FMI has projected the global mining lubricants sales to reach a value of USD 3,960.18 million by 2034 end

Manufacturers are working on product differentiation strategies to develop lubricants that have prolific anti-friction properties, high-pressure additives, and the correct anti-wear agents. Sharper profit margins are underpinned by lubricants used in equipment such as coal crawler excavators.

For mining companies, operational and maintenance costs account for a significant share. Increasing awareness among companies about the proper usage of lubricants has decreased the maintenance cost of equipment. Moreover, it has also helped companies to avoid unexpected shutdowns”, says an FMI analyst.

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Key Takeaways of Mining Lubricants Market Study

  • The mining lubricants market is slated to reach US$ 3,960.18 million by 2034
  • High-performing lubricants and greases are growing in demand as COVID-19 tightens operating costs
  • Oil-based lubricants are versatile and can be used for a wide range of mining equipment.
  • Open pit mining is heightening the adoption of loaders, roof bolters, draglines, and haul trucks thus boosting demand for lubricants
  • Bio-based lubricants are pipped as a long-term solution, but current market dynamics are in favor of synthetic variants

Mining Lubricants Market – Competition Landscape

Technological advancements in lubricants are acting as a catalyst for mining lubricants market players to move up the value chain. The mining lubricants marketplace remains moderately fragmented, with Shell, Exxon Mobil, and Chevron as the traditional triumvirate. With the size of mining equipment undergoing a seismic shift, manufacturers are strategizing to come out with differentiated offerings that lower maintenance costs.

  • Schaeffer, a privately held US company specializing in heavy-duty lubricants, has demonstrated the capability of extending the working time of mining equipment by several hours. Besides this, the company’s lubricants create a highly durable shield thus reducing metal-to-metal contact and friction
  • Total, on the other hand, closely collaborates with its mining company clients, advising them on correct lubricant storage solutions. It recommends the first in, first out approach thus reducing costs on obsolete inventories by as much as 6% – 19%
  • Exxon Mobil, in the year 2021, expanded its refinery in Singapore for better upgradation of Group II lubricants stock to remain competitive in the market

Want to Know More?

Future Market Insights has published a market research report on the Mining lubricants market that contains a global industry analysis for 2013 to 2023 and an opportunity assessment for 2024 to 2034. The report provides an insightful analysis of the Mining lubricants market through four different segments- product type, source, application, and region.

The Mining lubricants market report also provides demand trends of different types across industry verticals, a comprehensive list of service providers in the market, various projects around the world, along a detailed overview of the parent market.

Mining Lubricants Market by Category

By Product Type:

  • Oils
  • Grease

By Source:

  • Synthetic Lubricants
  • Bio-based Lubricants

By Application:

  • Coal Mining
  • Bauxite Mining
  • Iron Ore Mining
  • Precious Metals & Rare Earth Minerals Mining
  • Industrial Mineral Mining
  • Others

By Region:

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

Read Complete Research: https://www.prnewswire.com/news-releases/global-mining-lubricant-market-projected-to-reach-usd-3-960-18-million-by-2034–driven-by-rising-demand-for-minerals-and-metals–future-market-insights-inc-302199293.html

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Synthetic Quartz Sales Grow at 6.1% CAGR Amidst Rising Demand in Electronics, Automotive, and Military Sectors

According to FMI, the USA is expected to account for a substantial share of the global market. Over the forecast period, the United States is expected to dominate the North American market with a significant value share in terms of consumption.

The global synthetic quartz market production is worth USD 93 Million as of now and is expected to reach USD 149.4 Million by the year 2029 at a CAGR of 6.1% between 2022 and 2029.  With electronics verticals witnessing a splurge, the synthetic quartz market is expected to grow on an unstoppable note in the forecast period.

The catalysts to this market include the growing adoption of LTE and 4G networks, rising demand for smartphones with connected devices, and the upswing in electronic equipment, especially in the healthcare vertical.

Thus, it proves to be a good choice in electronics vertical. Also, it’s a known fact that high purity synthetic quartz does possess minimal impurities, inclusions, and linear defects. At the commercial level, hydrothermal process is adopted for producing synthetic quartz.

Apart from semiconductor vertical, those dealing with solar energy are wholesomely using synthetic quartz. The latest deployments include photo-mask substrates and optical fibers for LSI (Large Scale Integration) in the semiconductor circuits and LCD (Liquid Crystal Display) panels.

Photo-mask substrates made out of synthetic quartz do have exceptional permeability with low thermal expansion, that too, in far UV range. Synthetic quartz is preferred by manufacturers to make frequency control oscillators as they help in smooth rides with several equipment.

Coming to optical components, synthetic quartz finds its way through wavelength lasers related to microlithography projection systems. Thus, high-energy UV laser radiation could be transmitted using synthetic quartz, so that large-scale ICs could be produced on substrates (as stated above). In solar vertical, high purity quartz is used to make single crystal ingots from the silicon metal.

Additionally, as synthetic quartz shows transparency to light in various wavelengths of the visible spectrum with visibly low co-efficient of thermal expansion, it’s used in the lithography tools to transfer fine circuit pattern into photo-mask onto wafer during manufacturing semiconductor integrated circuits. Future Market Insights has walked through these facts with insights in its latest market study entitled “Synthetic Quartz Market”.

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Key Takeaways from the Synthetic Quartz Market

  • The US holds the largest market share due to higher demand for smartwatches, mobile phones, clocks, lasers, GPS, sensors, laptops, television sets, and games. The key participants in the US are also into ever-increasing capital investments, which are bound to let the synthetic quartz market in the US reach US$ 29.2 Million by the year 2032.
  • Coming to the Asia-Pacific, South Korea and Japan are the major producers as well as exporters of electronics. Also, they have a proper production to sales ratio. These two economies are likely to boost the synthetic quartz market in the forecast period.
  • By end-use industry, automotive industry holds the largest market share. The application areas herein include car camera, watches, audio/navigation, advanced safety vehicle (ASV), engine control, controller (converter, inverter, battery), communication, and satellite radio. The growing requirement for electro-mobility is expected to hold the hopes high for synthetic quartz market in the near future.

“Call for Precisely Connected Devices is bound to help the synthetic quartz market grow exponentially”, says an analyst from Future Market Insights.

Competitive Landscape

  • Murata entered into collaboration with Truphone, STMicroelectronics, and Sony Semiconductor for commercialising LTE-M1/NB1 IoT solutions, thereby asking for fast deployment of the new-fangled IoT products. This type 1SE comes across as an efficient device for various IoT applications, and it’s accredited in the form of “host device”, which curtails integration challenges.

Key Companies Profiled: –

  • TXC Corporation
  • Nihon Dempa Kogyo
  • Kyocera
  • Murata Manufacturing
  • Seiko Epson
  • Daishinku Corp. – KDS
  • Hubei Feilihua Quartz Glass Co., Ltd.
  • Taihan Fiberoptics
  • Heraeus Group
  • Yuzhnouralsk Plant Kristall
  • Coorstek
  • Impex HighTech

What Does the Report Cover?

  • Future Market Insights offers an exclusive perspective and various real-time insights on the synthetic quartz market in its latest study, presenting historical demand assessment of 2016 – 2021 and projections for 2022 – 2029.
  • The research study is based on product type (synthetic quartz crystal and synthetic quartz glass), and by end-use (electronics & electrical, automotive, military, medical, construction, and others).

Synthetic Quartz Market By Category

By Product Type:

  • Crystal
  • Glass

By End Use:

  • Electronics & Electrical
  • Automotive
  • Military
  • Medical
  • Construction
  • Others

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Energy Efficiency and Sustainability Boost Demand for Vapour Barriers in Building Construction

According to Future Market Insights, the vapour barrier industry size is expected to reach a value of roughly USD 18,268.8 million by 2033. The market is likely to be valued at around USD 11,431.3 million in 2023. The global market is expected to increase at a 4.8% CAGR during the forecast period.

The market is expected to be driven by the rising demand for energy-efficient buildings, particularly in developed countries. In addition, increasing awareness about the benefits of vapour barriers in preventing moisture damage and improving indoor air quality is driving demand. Moreover, the growing construction industry in emerging economies is also expected to boost the demand for vapour barriers.

There are several opportunities for players in the vapour barrier industry. The increasing demand for eco-friendly and sustainable building materials presents a significant growth opportunity. Additionally, the adoption of advanced technologies such as smart sensors and artificial intelligence in vapour barrier manufacturing and installation also presents an opportunity for growth.

The vapour barrier industry is witnessing several latest trends that are shaping the industry’s future. One of the key trends in the adoption of green materials is vapour barrier manufacturing, as companies seek to reduce their carbon footprint. Another trend is the growing popularity of vapour barriers for retrofit applications, as building owners seek to improve energy efficiency and reduce operating costs.

The increasing use of vapour barriers in the industrial sector, particularly in the food and beverage and pharmaceutical industries, is expected to drive market growth in the coming years.

To Gain More Insights about this Research, Visit!

Key Takeaways from the Vapour Barrier Market:

  • In 2022, the United States held a 25.1% share of the global market for vapour barriers.
  • Through 2033, China’s demand for vapour barriers is anticipated to expand at a CAGR of 6%.
  • The demand for vapour barriers is increasing significantly in India with a CAGR of 6.3% during the predicted period.
  • Construction’s residential sub-segment held about 45.3% market share in 2022, dominating the sector.
  • Throughout the projected period, it has been predicted that the polymer segment might have a share of roughly 25%.
  • The market was dominated by the waterproofing domain in 2022 with a 15.4% share.

How Players are Revolutionizing the Industry with Their Unique Innovative Strategies?

The vapour barrier market is highly competitive, with several established players dominating the industry. The competition in the market is primarily based on factors such as product quality, price, and distribution network. The key players in the market include companies such as

  • Saint Gobain
  • The Dow Chemical Company
  • Sika AG
  • Bostik
  • Carlisle Companies
  • Soprema
  • 3M
  • DuPont de Nemours, Inc.
  • W. R. Meadows, Inc.
  • Johns Manville
  • Laticrete International Inc.
  • Knauf Insulation
  • Kingspan Group
  • Boral Limited
  • BASF SE
  • MITSUBISHI GAS CHEMICAL COMPANY, INC
  • GCP Applied Technologies Inc.
  • Kemper System Ltd.
  • The Sherwin-Williams Company
  • Weyerhaeuser Company

To maintain their market leadership, prominent companies are working on producing novel products that provide superior performance while being cost-effective. They are also investing in expanding their distribution networks to reach a large audience.

Companies are also focused on strategic alliances and cooperation with other market participants to increase their position. The adoption of green and sustainable construction methods is the most recent market trend.  This has resulted in the creation of environment-friendly vapour barriers constructed from recyclable materials and with a small carbon footprint.

Players in the market are focusing on the development of smart vapour barriers that can monitor and regulate humidity levels in buildings. This is expected to drive the demand for vapour barriers in the future.

Key Developments in the Market:

  • In 2019, GAF introduced a new line of polyiso insulation and vapour barrier products that are designed to improve the energy efficiency of commercial buildings.
  • In 2020, Johns Manville announced the launch of its new line of Formaldehyde-free™ insulation and vapour barrier products. The new products are made from recycled materials and are designed to improve indoor air quality.
  • In 2021, DuPont announced the launch of its Tyvek® Fluid Applied WB+™ system, a vapour barrier solution that offers improved durability and reduced air leakage for commercial and residential construction projects.

Vapour Barrier Market Segmentation

By Material:

  • Glass
  • Sheet Metal
  • Polymer
    • Polyethylene
    • Rubber
    • Extruded Polystyrene
  • Membranes
  • Asphalt & Bitumen
  • Gypsum Board
  • Drywall/Board Lumber
  • Plywood
  • Concrete/Brick

By Type:

  • Membranes
  • Sheet
  • Fluid
  • Peel & Stick
  • Films
  • Coatings
  • Liquid
  • Aerosol/Spray Based
  • Cementitious Water Proofing
  • Stacking & Filling

By Application:

  • Corrosion Resistance
  • Insulation
    • Air Insulation
    • Sound Insulation
    • Thermal Insulation
  • Water Proofing
    • Grade 1
    • Grade 2
    • Grade 3
  • Material Packaging & Stacking
  • Microbial & Fungal Resistance

By End Use:

  • Construction
    • Residential Buildings
    • Commercial Buildings
    • Industrial Facilities
    • Car parks & Underground Basements
  • Packaging
  • Automotive

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Leading Mastercard Casinos: A Comprehensive Overview

Mastercard is one of the most commonly approved settlement methods at on-line gambling establishments, making it hassle-free for players to money their accounts and withdraw their earnings. In this post, we will certainly discover the leading Mastercard online spaceman bet casinos that supply a secure and seamless gaming experience for gamers all over the world.

Why Mastercard Gambling Establishments are Popular

Mastercard is a trusted settlement carrier that provides fast and safe deals, making it a preferred option for on the internet casino gamers. With Mastercard, players can delight in instantaneous down payments and fast withdrawals, permitting them to start playing their preferred games with no delays.

Additionally, Mastercard provides improved protection functions such as file encryption modern technology and fraudulence security, giving players comfort when making transactions at online gambling establishments.

Furthermore, Mastercard casinos usually give unique bonuses and promos for gamers that use this settlement approach, adding extra value to their video gaming experience.

  • Fast and secure transactions
  • Improved protection attributes
  • Unique incentives and promotions

Leading Mastercard Online Casinos to Attempt

There are lots of on-line casino sites that approve Mastercard as a payment technique, yet some stand out for their outstanding video gaming offerings jogo de aposta spaceman and player-friendly features. Here are a few of the leading Mastercard casino sites to try:

1. Gambling enterprise A – With a vast choice of games and generous incentives, Gambling establishment A is a prominent selection amongst players who prefer making use of Mastercard for their purchases.

2. Casino B – Known for its user-friendly interface and mobile compatibility, Online casino B uses a seamless video gaming experience for players utilizing Mastercard.

3. Gambling establishment C – This casino site is a preferred amongst high rollers, offering VIP rewards and exclusive competitions for players who utilize Mastercard for their deposits.

Tips for Utilizing Mastercard at Online Casino Sites

Prior to using Mastercard to money your on-line casino account, right here are some pointers to remember:

  • Examine if the gambling establishment approves Mastercard as a repayment technique
  • Make certain that your Mastercard is allowed for online deals
  • Monitor your purchases consistently for any unapproved task

Verdict

Mastercard gambling enterprises offer a hassle-free and safe method for gamers to appreciate their favored video games without any inconvenience. With fast deals, improved protection attributes, and special incentives, Mastercard casino sites supply an exceptional video gaming experience for gamers worldwide.

Whether you are an informal player or a high-stakes gambler, using Mastercard at on the internet gambling establishments is a wise selection that can boost your pc gaming experience. So why wait? Try among the leading Mastercard casinos today and start playing to win big!

Checking out the Globe of Casino Sites Bitcoin

In the aviator cassino pin up last few years, the globe of online gaming has actually seen a considerable surge in the appeal of Bitcoin gambling enterprises. These electronic gambling establishments offer players the opportunity to gamble utilizing the prominent cryptocurrency Bitcoin, giving a brand-new and amazing method to delight in traditional casino video games.

What are Bitcoin Casino sites?

Bitcoin gambling enterprises are on-line gaming platforms that approve Bitcoin as a type of repayment. Players can transfer and withdraw funds using Bitcoin, enabling quick and protected transactions. These gambling establishments offer a wide variety of video games, consisting of ports, table games, and live supplier games, all of which can be played utilizing Bitcoin.

Among the essential benefits of playing at a Bitcoin casino site is the anonymity it supplies. Gamers can wager without needing to offer personal information, making it a preferred option for those that value their privacy. In addition, Bitcoin deals are fast and safe and secure, offering a seamless video gaming experience.

One more benefit of Bitcoin gambling enterprises is the reduced fees associated with purchases. Because Bitcoin operates on a decentralized network, there mrjackaviator are no intermediary fees entailed, allowing players to take pleasure in reduced transaction expenses compared to standard on the internet casino sites.

  • Confidential
  • Fast and safe and secure transactions
  • Reduced costs

The Rise of Bitcoin Casino Sites

Bitcoin casinos have actually gained appeal over the last few years, many thanks to the expanding approval of cryptocurrencies popular. As even more individuals come to be accustomed to Bitcoin and other electronic money, the demand for Bitcoin gambling enterprises has actually raised.

Furthermore, the comfort and safety and security of Bitcoin purchases have actually made it an appealing choice for on-line bettors. With Bitcoin, gamers can money their accounts and cash out their profits swiftly and securely, without needing to fret about the restrictions enforced by traditional banking methods.

Lots of Bitcoin online casinos additionally use bonuses and promos to draw in new gamers. These incentives can include totally free spins, down payment rewards, and loyalty programs, giving added worth to players who choose to gamble with Bitcoin.

Selecting a Bitcoin Casino

When selecting a Bitcoin online casino, it is essential to consider several variables to make sure a secure and enjoyable pc gaming experience. Search for online casinos that are licensed and controlled, as this makes certain that they operate in compliance with industry standards.

It is also necessary to check out evaluations and testimonials from other players to evaluate the reputation of the casino. Look for gambling establishments with an excellent performance history of reasonable gameplay and prompt payments to avoid any kind of prospective problems down the line.

  • Certified and controlled
  • Favorable evaluations and endorsements
  • Responsive consumer assistance

Conclusion

Bitcoin casino sites supply an unique and cutting-edge method to appreciate on the internet gaming, providing gamers with privacy, speed, and safety. With the climbing popularity of cryptocurrencies, Bitcoin casino sites are most likely to continue to expand in popularity, supplying players a new and interesting choice to conventional on-line gambling enterprises.

Are you all set to experience the world of Bitcoin casinos?

With their many advantages and benefits, Bitcoin gambling establishments are an excellent choice for players looking for a fresh and thrilling gaming experience. Explore the globe of Bitcoin casinos today and find the future of online gambling!

Global Eco-Friendly Paper Plates Market Set to Reach USD1.82 Billion by 2033, Driven by Growing Demand for Sustainable Packaging

Global Eco-Friendly Paper Plates Market
Global Eco-Friendly Paper Plates Market

The global eco-friendly paper plates market is poised for significant growth, projected to expand from a valuation of $1.17 billion in 2023 to $1.82 billion by 2033, at a robust CAGR of 4.50%. This growth trajectory reflects increasing consumer preference for sustainable packaging solutions and stringent government regulations aimed at reducing single-use plastics.

Core Concepts in the Eco-Friendly Paper Plates Industry

  • Dominant Countries: The global eco-friendly paper plates market is dominated by the United States, Canada, and Germany.
  • Growth Forecast: The market is projected to grow at a CAGR of 4.5% through 2033.
  • Historical Performance: From 2018 to 2022, the market grew at a CAGR of 1.9%.
  • Top Market Trend: The increasing demand for sustainable and eco-friendly products is the key trend shaping the market.
  • Projected Market Size: By 2033, the global market for eco-friendly paper plates is expected to reach US$ 1.82 billion.

Key Market Insights:

  • Growing Adoption of Eco-Friendly Solutions: As sustainability becomes a priority for consumers and businesses alike, the demand for eco-friendly paper plates is on the rise. Manufacturers are responding to this demand by offering a wide range of biodegradable and compostable options, contributing to the market’s expansion.
  • Preference for Plain Paper Plates: The plain paper plates segment is expected to maintain its dominance in the global market, driven by increasing use by various food service providers worldwide. Plain paper plates offer versatility and convenience, making them a popular choice for a wide range of applications.
  • Regional Market Dynamics: According to research by FMI, the top three countries in the global market are projected to hold 35 to 40% of the market share by the end of 2033. This highlights the significance of regional variations in market trends and consumer preferences.

Key Factors Driving Market Growth:

  1. Rising Environmental Awareness Growing awareness about the detrimental effects of plastic waste is significantly boosting the demand for eco-friendly paper plates. According to a survey by DS Smith, six out of ten people are willing to spend more on food products with less plastic packaging. This shift in consumer behavior is expected to fuel the market for sustainable paper plates.
  2. Government Regulations on Plastic Use Governments worldwide are implementing stringent regulations to reduce or ban single-use plastic products. The European Union, Canada, and various states in the United States have introduced bans and restrictions on plastic use, propelling the demand for alternative solutions like eco-friendly paper plates.

Regional Market Insights

  1. North America and Europe Leading the Market North America and Europe are expected to dominate the global market, holding around half of the market share during the forecast period. The expanding food service sector and stringent regulations against single-use plastics are key factors driving growth in these regions.
  2. Germany’s Sustainable Shift The German market for eco-friendly paper plates is set to grow 1.4 times its current value by 2033, driven by the ban on single-use plastic products across Europe. The German government’s initiatives to promote eco-friendly alternatives are expected to significantly boost market demand.
  3. United States Market Expansion The United States is projected to create an absolute $ opportunity of US$ 69.1 million from 2023 to 2033. The rapid expansion of the food and beverage industry, along with the rise in fast food outlets and restaurant chains, is driving the demand for eco-friendly paper plates in the country. Influential celebrities are also contributing to this trend by opening vegan and organic food chains.

Launch of Unique Compostable Paper Plates to Drive the Global Market

Innovation is crucial as it helps companies to strengthen their positions in the market, thereby creating better opportunities and connections with their customers. There is a high scope of opportunity for innovation in the eco-friendly paper plates market. Rising demand for excellent quality food service products is anticipated to aid growth.

Use of paper plates rather than plastic plates can help overcome various limitations of plastics and expand the eco-friendly paper plates market. Eco-friendly paper plate manufacturing companies are investing in R&D and continuously introducing new products to cater to changing customer demand. Huhtamaki Fresh, for instance, launched an eco-friendly food plate and tray, which are microwaveable and a green solution for consumers. Product enhancement is important for companies since it improves the attractiveness of their products and helps to attract more customers.

Oy Mini-Maid AB also produced paper plates that are recyclable, compostable, and biodegradable in nature. Thus, ongoing innovations in the field of eco-friendly paper plates will attract the attention of more consumers and bolster sales in the global market.

Competitive Landscape: Eco-friendly Paper Plates Market

  • Huhtamaki Oyj,
  • Graphic Packaging International, LLC,
  • Pactiv LLC.,
  • Dart Container Corporation,
  • Oy Mini-Maid Ab,
  • HOSTI GmbH,
  • Itterra A.S.,
  • Natural Tableware,
  • Duni Group Global,
  • Gafbros Ltd.,
  • Dinearth Eco-Friendly Tableware, and
  • Pappco Greenware

Access Full Report: https://www.futuremarketinsights.com/reports/eco-friendly-paper-plates-market

Eco-friendly Paper Plates Market Outlook by Category

By Size:

  • Less than 8 inches
  • 8 inches to 12 inches
  • More than 12 inches

By Product Type:

  • Partition
  • Plain

By Sales Channel:

  • Business to Business (B2B)
  • Business to Consumer (B2C)

By End Use:

  • Commercial
  • Institutional
  • Household

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube