Bromine Derivatives Market is projected to witness a growth rate of 3.9% over the forecast period of 2022 and 2029

A new market research study by Future Market Insights on the global bromine derivatives market contains global industry analysis 2014–2018 and opportunity assessment 2019–2029. The report investigates the bromine derivatives market and provides critical insights for the forecast period of 2022-2029. As per the findings of the report, the global industrial bromine derivatives market is anticipated to experience substantial growth over the forecast period due increasing adoption of bromine compounds in various applications, such as flame retardants, PTA synthesis, oil & gas drilling, and others.

The global industrial bromine derivatives market was valued at ~US$ 4Bn in 2018 and is projected to increase at a CAGR of ~ 3.9% during the projected period of 2022 and 2029. This growth is significantly driven by the expansion of chemical, oil & gas, and other end-use industries of bromine based chemicals.

Significant progress in numerous industry verticals, especially construction and chemicals in developing countries have resulted into increased demand for bromine derivatives. In an attempt to align with the evolving environmental policies, manufacturers are tapping into R&D and innovation space, according to the FMI study.

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Significant Growth Opportunities in Asia Pacific for the Bromine Derivatives Market

Growing stringency of government regulations on the usage of halogenated flame retardants in the U.S., Canada, and EU countries, is a factor expected to decrease the consumption of bromine in these geographies.

However, in developing nations, such as China and India, government policies are not that strict on the use of brominated flame retardants as compared to that in the U.S. and EU member countries.

Alternative Usage of Bromine Compounds in Various Industrial Applications

The global bromine derivatives market has been segmented based on derivative, application, end-use, and regions such as North America, Latin America, Europe, South Asia, East Asia, Middle East & Africa, and Oceania.

  • Consumption of bromine and its derivatives in Asia and BRIC nations is expected to grow steadily due to the underlying growth in end-use industries, such as dye manufacturing, pharmaceuticals, and specialty chemicals, and the shift in the production of consumer electronics from the U.S. and Europe to Asia. Factors mentioned above are expected to position Asia (South & East) as a major lucrative market for players in the bromine derivatives market.
  • Bromine derivatives are used in almost all end-use industries, such as pharmaceuticals, automotive, electronics, and others. Bromine compounds, such as methyl bromide, are mostly used as pesticides in the agriculture sector, owing to its highly active nature even at low temperatures. Over the past few years, bromine is used as a biocide and disinfectant in drinking and wastewater treatment, and swimming pools, respectively.
  • With developing oil drilling technologies, the use of bromine-based drilling solutions, also called brine fluids, are gradually spreading across the U.S., U.K., South East Asia, Africa, Middle East, and others. This is estimated to pave way for the growth of the global bromine derivatives market.

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Global Bromine Derivatives Market: Vendor Insights

The report signifies some of the prominent market players, who have established themselves as leaders in the global bromine derivatives market. Few examples of key players in the market are Israel Chemicals Limited, Tosoh Corporation, Lanxess AG, Tata Chemicals Limited, Albemarle Corporation, Tetra Technologies Inc., Mil-Spec Industries Corporation, Jordan Bromine Company, Hindustan Salts Limited, Neogen Chemicals Limited, DSL Chemicals (Shanghai) Co. Ltd., and Solaris ChemTech Industries Limited, among others. The global bromine derivatives market is considerably dominated by some key players holding major shares of the market. Tier-1 players are collaborating with regional/local companies to increase their bromine-based product portfolio, thus, gaining a competitive edge over their peers.

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Bromine derivatives Market by Category

By Derivatives:

  • Sodium Bromide
  • Calcium Bromide
  • Zinc Bromide
  • TBBPA
  • DPDPE
  • Others

By Application:

  • Flame Retardants
  • Organic Intermediates
  • Oil & Gas Drilling
  • Biocides
  • PTA Synthesis
  • Others

By End Use:

  • Chemical
  • Construction
  • Oil & Gas
  • Pharmaceuticals
  • Electronics
  • Others

Engineering Plastics Market is expected to reach US$ 132.8 Bn by the end of 2026, Says FMI Analyst

Future Market Insights delivers key insights on the global engineering plastics market in an upcoming research publication titled, “Engineering Plastics Market: Global Industry Analysis and Opportunity Assessment, 2016 – 2026”. The global engineering plastics market is projected to register a healthy CAGR of 7.2% in terms of value and 5.7% in terms of volume during the forecast period. Future Market Insights analyses the market performance and provides information on the key factors and trends impacting market growth over the forecast period 2016–2026.

The report segments the global engineering plastics market on the basis of Product Type into Polyamides (PA), Polycarbonates (PC), Polyoxymethylene (POM), Polybutylene terephthalate (PBT), Acrylonitrile butadiene styrene (ABS) and Styrene Acrylonitrile (SAN), High Performance Polymers, Fluoropolymers, Polymethyl methacrylate (PMMA), and Others (includes UHMWPE/UHMW, TPI alloys and blends, etc.); and on the basis of Application into Automotive and transportation, Electrical and electronics, Construction, Medical, Industrial and machinery, Packaging, and Others (includes furniture and fixtures, sports goods, leisure products, etc.). The Automotive and transportation segment is increasingly inclined towards adoption of engineering plastics products due to their various thermal and mechanical properties. The fuelling demand for engineering plastics is largely from automotive components such as fasteners and supports for chassis and power trains and body panel lens of head lamps as these parts require higher strength materials. Besides mechanical strength, engineering plastics help in reducing the overall weight of the vehicles. Bio-based engineering plastics that help reduce carbon footprint such as polyamides and polycarbonates are also in high demand. Packaging, electrical and electronics, and consumer goods are lucrative segments for bio-based engineering plastics ranging from stiff to flexible grades. Strong market growth is likely to be observed across high performance plastics such as PEI, PEEK, PSU/PES, PCTF, PVDC, PPSU, LCP, PPS.

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A growing use of engineering plastics by end user industries, especially automotive, transportation, and medical industries is expected to drive global demand over the forecast period. Rapid urbanisation, infrastructure development, and increased income levels across various end-user segments are other factors likely to boost the growth of the global engineering plastics market. However, high costs of engineering plastics, increasing use of alternative substitutes, and fluctuations in the cost of raw materials are expected to hamper the growth of the global engineering plastics market over the forecast period.

Global sales revenue of engineering plastics is expected to witness steady incremental growth during the forecast period. In the product type category, the high performance plastics segment is anticipated to register a healthy CAGR of 9.6% between 2016 and 2026, attributed to an increasing application in the medical industry. In the application category, the electrical and electronics segment is estimated to account for 36% value share of the global engineering plastics market by 2016, followed by the automotive and transportation segment (32.1%) and the construction segment (11.1%).

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Engineering Plastics Market: Region-wise Insights

This report also covers trends driving each segment and offers analysis and insights of the potential of the engineering plastics market in specific regions. The APEJ region is expected to exhibit the highest market growth due to an increase in population, income levels, and rapid urbanisation in the region. There is plenty of scope in the APEJ region for manufacturing automobiles, consumer appliances, electronic products, medical devices, industrial, and machineries. The APEJ region is anticipated to register a CAGR of 6.8% between 2016 and 2026 in terms of volume. APEJ is expected to gain substantial market share owing to high demand from India and China, especially in the automotive and electrical and electronics industries. The North America market is expected to register a CAGR of 7.3% during the forecast period, owing to an increasing consumption of engineering plastics in the automotive and transportation industry in the region. In terms of volume, the market share of Western Europe and Japan is expected to decrease substantially over the forecast period, as they are mature markets for engineering plastics.

Vendor Highlights

The report also profiles leading players dominating the global engineering plastics market. Arkema Group, Asahi Kasei Corporation, BASF SE, Celanese Corporation, Covestro, DSM N.V, DuPont, Lanxess, LG Chem, Mitsubishi Engineering-Plastics Corporation, Saudi Basic Industries Corporation (SABIC), Solvay SA, Teijin Limited, Toray Industries, and Victrex PLC are some of the top companies operating in the global engineering plastics market.

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Market segmentation

By Product Type

  • Polyamides (PA)
  • Polycarbonates (PC)
  • Polyoxymethylene (POM)
  • Polybutylene terephthalate (PBT)
  • Acrylonitrile butadiene styrene (ABS) and Styrene Acrylonitrile (SAN)
  • High Performance Polymers
  • Fluoropolymers
  • Polymethyl methacrylate (PMMA)
  • Others (includes UHMWPE/UHMW, TPI alloys and blends, etc.)

By Application

  • Automotive and transportation
  • Electrical and electronics
  • Construction
  • Medical
  • Industrial and machinery
  • Packaging

India Gin Market Key Players – United Spirits Limited, Tilaknagar Industries Limited, Jagatjit Industries Limited, Radico Khaitan Limited, Mohan Meakin Limited

Future Market Insights (FMI) has published a new report, which is titled, “Gin Market: Driven By Changing Lifestyle and Expanding Urban Population – India Industry Analysis and Opportunity Assessment, 2015 – 2025.” The Indian gin market is witnessing a steady rise on account of the growing urban population and changing demographics. The change in outlook of the Indian society towards social consumption of alcohol is driving the growth of the gin market.

The increase in the consumption of alcohol among women has also fueled the growth of the alcohol market. In addition to this, the growing disposable income of the people and thus the transformed buying and spending pattern of consumers in urban areas specially, will push the growth of the gin market in India. Moreover, the increasing popularity of bar and cocktail culture in urban cities will also drive the gin market in India.

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The report gives a comprehensive analysis of the various factors driving the growth of the Indian gin market as well as those factors that restrict the growth of the market. The impact analysis of the same is also given. The various macroeconomic factors as well as government regulations impacting the gin market are also given. The current trends in the gin market as well as the future opportunities have been analyzed. Based on all these factors, as well as the present and past market value, the future market size is predicted.

One of the trends in the market is the production of gins with local and alternative botanicals. Citrus flavors are expected to become trendy. As numerous craft and classic cocktails make use of spirit, the market will grow for gin. As there is a variety of gin cocktails to select from, gins are becoming increasingly popular among consumers. The report segments the gib market on the basis of key criteria and reveals the leading, declining, most sluggish, and fastest growing segments and sub-segments.

On the basis of product, the global gin market is segmented into economy segment and premium and luxury segment. Of these, the economy segment is estimated to lead and expand at a significant CAGR. The premium and luxury segment will witness a slight rise on account of the growing demand for premium products in the country. On the basis of region, the market for gin is segmented into East, West, North, and South India. Of these, the gin market in South India is leading. In 2015, the Southern India gin market accounted for 34.8%, the western region accounted for 28.2%, and Eastern India accounted for 12.4%. Gin manufacturers are anticipated to expand their business in the Eastern India through tie-ups with regional distributors in the coming years.

The report profiles key players in the Indian gin market for the purpose of study. Following are the leading players in the gin market. Tilaknagar Industries Limited, United Spirits Limited, Jagatjit Industries Limited, Mohan Meakin Limited, Radico Khaitan Limited, Globus Spirits Ltd., SNHL India Pvt Limited, Deejay Distilleries Pvt Limited. Players are focusing on geographical expansion. Innovation is a key strategy among players in this market. Players are investing in research and development and also participating in mergers and acquisitions so as to gain a competitive edge.

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Key Segments Covered

  • By Gin Market
  • Product Type
    • Economy Segment
    • Premium & Luxury Segment

Key Regions Covered

  • North India
  • East India
  • West India
  • South India

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High-end Cellomics Market 2021 Outlook, Current and Future Industry Landscape Analysis 2031

According to a recent Future Market Insights (FMI) industry analysis, the demand in the high-end cellomics market is expected to top US$ 288.8 Mn in 2021, growing at a CAGR of 6.4% during the forecast period 2021-2031.

High-end cellomics is a process that is utilized in drug discovery and biological research to identify substances such as small molecules, RNAi or peptides which alter the phenotype of a cell in a wanted manner.

The global high-end cellomics market is primarily driven by increasing technological advancement in imaging solutions. Technological advancements such as the usage of polarization methods, multicolored fluorescence-based reagents, automated imaging technology, and flow cytometry are also anticipated to boost the market growth further.

Increasing investment in research and development in cellular science of novel molecules by private and government organizations, technological advancement in imaging solutions, and advantages related to these innovations such as improved scope for pplication in gene documentation & neonatal development learning will drive the high-end cellomics market.

2016-2020 High-end Cellomics Demand Outlook Compared to 2021-2031 ForecastAccording to Future Market Insights (FMI), the sales of high-end cellomics have grown at a CAGR of 6.4% during 2021- 2031. Due to the rising prevalence of several genetic disorders and neurological diseases, the demand for effective screening methods and techniques has increased in the last decade. This had a positive impact on the high-end cellomics market.

Initiatives undertaken by governments to promote advanced research in biotechnology will increase installation of high-end cellomics instruments for drug discovery applications. Cities of India such as Bangalore, Pune, Hyderabad, and Tamil Nadu have well-established biotechnology research infrastructure recognized globally, which will drive the demand for high-end research instruments.

Apart from India, China, and the U.S., governments of Japan, Brazil, the U.K., and Australia are supporting their domestic biotechnology and bioscience industry through similar initiatives. Factors such as these are expected to create lucrative growth opportunities for manufacturers operating in the global high-end cellomics market

high end cellomics market region wise plc position and notable trends 2021

Key Takeaways from High-end Cellomics Market Study

  • The global high-end cellomics market is expected to reach US$ 536.9 Mn by 2031.
  • By application, drug discovery accounted for 55.5% of overall sales in 2021 and is expected to continue to grow at the same trend during the forecast period.
  • By end-users, pharmaceutical and biotechnology companies will account for the largest share of 51.8% during the forecast period.
  • By region, North America held the largest share of 32.7% of the global high-end cellomics market.
  • By country, the U.S. is the most lucrative market in the global high-end cellomics market with US$ 81.7 Mn revenue in 2021.

 “Growing adoption by independent CROs, extensive R&D in drug discovery and development of advanced imaging systems will propel the market for high-end cellomics,” says a FMI analyst.

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Who is Winning?Some of the leading manufacturers of high-end cellomics are focusing on product approvals and launch strategies for global expansion objectives, thereby, enhancing their market presence. The leading key players are focusing on strategic alliance to expand the product offerings.

Yokogawa Electronic Corporation in December 2020, agreed with InSphero AG to jointly promote the use of Yokogawa’s high-end cellomics systems for drug discovery research which actively involves the use of 3D in vitro models.

The key market players covered by FMI include PerkinElmer, Inc., ThermoFisher Scientific, Inc., Molecular Devices LLC (part of Danaher Corporation) and Yokogawa Electric Corporation.

High-end Cellomics Market by CategoryApplication:

  • Academic Research/Basic Research
  • Drug Discovery
    • Primary & Secondary Screening
    • Target Identification & Validation
    • Invitro Toxicity Studies
    • Compound Profiling

End-User:

  • Pharmaceutical & Biotechnology Companies
  • Academic & Research Institutes
  • Independent Contract Research Organizations (CROs)

Region:

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

Small-Molecule Injectable Market 2021 Outlook, Current and Future Industry Landscape Analysis 2031

The global small-molecule injectable market was valued at US$ 55.8 Bn in 2020. Expanding at a 7.3% CAGR, the market valuation is expected to top US$ 112.9 Bn by 2031, finds ESOMAR-certified consulting firm Future Market Insights (FMI) in a recent market analysis.

The COVID-19 pandemic outbreak has sparked efforts to repurpose already-approved medicines for treatment. Several clinical studies are now being conducted on different antiviral medicines and small-molecule injectables that have been utilized in the past to treat diseases including SARS, MERS, HIV/AIDS, and malaria. For instance, Remdesivir was approved by FDA for the treatment of COVID-19 in hospitalized adult and pediatric patients.

This is expected to fuel sales of small-molecule injectables over the forecast period. Besides this, rising prevalence of chronic illnesses especially cancer and cardiovascular diseases across the globe are anticipated to usher developments in the small-molecule injectables market.

Pharmaceutical companies are aiming at production facility expansions to reduce corporate tax rate (in the U.S.), and to expand their footprints in emerging markets such as India and China, where production cost is low as compared to regions such as Europe and North America.

Recent tax reforms in the U.S., which include reduction of the corporate tax rate, have encouraged various large pharmaceutical and biopharmaceutical companies to invest in production facilities.

For example, in July 2020, Pfizer announced its plan to invest around US$ 465.0 million to build a sterile injectable plant in Portage, Michigan. This step is a part of its announcement that it made earlier in 2020 about its plans to invest around US$ 5.0 billion in a U.S.-based capital project due to the recent corporate tax reforms in the country. These developments are indicative of lucrative growth prospects for small-molecule injectable market players.

“Increasing adoption of chemotherapy for cancer treatment is expected to propel the small-molecule injectable market growth. In addition to this, fast track drug approvals will continue spurring demand for small-molecule injectables over the forecast period,”says the FMI Analyst.

2016-2020 Small Molecule Injectable Market Demand Outlook Compared to 2021-2031 ForecastSales of small molecule injectable grew at a CAGR of 4.8% between 2016 and 2020. Growing prevalence of chronic diseases and fast track approvals of new drugs for treatment are expected to drive sales of small molecule injectables.

Leading pharmaceutical companies are aiming at production facility expansion through mergers acquisitions and collaborations to improve their product portfolios. For Instance, In April 2021, Dr. Reddy’s Laboratories announced the launch of a generic version of Sapropterin Dihydrochloride powder for oral solution, 100 mg in the U.S. Market.

In July, 2020, USFDA cGMP inspection completed at Cipla’s API manufacturing facility in Virgonagar, Bengaluru. These developments are expected to bode well for the global small-molecule injectables market.

Considering this, FMI expects the global small molecule injectable to grow at a CAGR of 7.3% through 2031.

small molecule injectable market key region and route of administration mekko chart 2021

Key Takeaways:

  • By product, the analgesics segment is expected to hold 23.9% of the total small-molecule injectable market in 2021, expanding at 8.0% CAGR.
  • In terms of applications, demand for small-molecule injectables in the infectious disease segment is expected to hold 31.7% of the total market share in 2021.
  • By route of administration, the intravenous segment is anticipated to hold 50% of the total market share in 2021.
  • Sales of small-molecule injectables through hospital pharmacies are projected to account for 67.8% of the total market share in 2021.
  • The U.S. is anticipated to dominate the North America small-molecule injectables market, holding 92.4% of the market share.
  • Germany is expected to hold of 21.9% of the Europe small-molecule injectable market share by 2031.
  • Small-molecule injectable market in China is projected to expand at a 9.0% CAGR over the forecast period.
  • Demand for small-molecule injectables in India is forecast to grow at an impressive 11.1% CAGR through 2031.
  • Sales of small-molecule injectables in South Korea and Japan are anticipated to rise at 5.0% and 8.8% respectively.

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Competition LandscapeThe key market players covered by FMI include Aurobindo Pharma Limited, Teva Pharmaceutical Industries Ltd., Merck & Co. Inc., AstraZeneca Plc, Pfizer Inc., Sun Pharmaceutical Industries Ltd., Novartis AG, Baxter International, Fresenius Kabi, Cipla Ltd, Mylan N.V., Sanofi S.A, and Dr. Reddy’s Laboratories Ltd.

Leading manufacturers of small-molecule injectables are focusing on strategic collaborations and partnerships to strengthen product portfolios. Manufacturers are also aiming at production facility expansions through acquisitions and mergers to gain a competitive edge in the market. For instance:

  • In September 2020, Aurobindo Pharma USA Inc. acquired commercial operations and three manufacturing facilities in the U.S from Sandoz Inc., USA, and Novartis Division.
  • In May 2020, Novartis AG received FDA approval for first Piqray – the first and only treatment specifically for patients with a PIK3CA mutation in HR+/HER2- advanced breast cancer.
  • In April 2020, AstraZeneca announced a collaboration with Benevolent AI to use machine learning and artificial intelligence to discover potential new drugs for chronic kidney disease and idiopathic pulmonary fibrosis.

Small Molecule Injectable Market by CategoryBy Product:

  • Small Molecule Antibiotics
  • Chemotherapy Agents
  • Local and General Anaesthetics
  • Skeletal Muscle Relaxants
  • Analgesics
  • Anticoagulants
  • Anticonvulsants
  • Antivirals
  • Anti-histamines/ Anti-allergy
  • Others

By Application:

  • Oncology
  • Pain Management
  • Cardiovascular Diseases
  • Infectious Diseases
  • CNS Diseases
  • Blood Disorders
  • Musculoskeletal Disorders
  • Others

By Route of Administration:

  • Intravenous (IV)
  • Intramuscular (IM)
  • Subcutaneous (SC)

By Distribution Channel:

  • Hospital Pharmacies
  • Retail Pharmacies
  • Drug Stores
  • Mail Order Pharmacies

Region:

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

Corrosion Protective Coatings and Acid Proof Lining Market is projected to exhibit the highest CAGR of 5.5% over the forecast period (2015–2025)

Demand for corrosion protective coatings and acid proof lining materials will continue to witness steady demand in 2016, with global revenues totalling 31,636.2 Mn in 2016, an increase of 5.5% over 2015. Slow, yet promising growth in the construction sector will continue to drive adoption of corrosion protective coatings and acid proof lining materials in 2016. Demand will also be strong in the marine sector, with annual revenues expected to total 6,628.1 Mn in 2016, a 5.2% increase over 2015.

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Innovation in coating technology will continue to open up new avenues of growth in 2016. Shift from solvent-borne technology to waterborne technology will continue to gain momentum, with the former expected to witness a 4.5% year-over-year growth in 2016 over 2015. The water-borne technology segment will witness 6.3% y-o-y growth in 2016 over 2015. Increasing investment by key players in developing economies is also expected to strengthen demand for corrosion protective coatings and acid proof lining materials.

Polymer coatings will continue to remain the largest corrosion protective coating product type, representing revenues worth 17,597.4 Mn in 2016, an increase of 5.8% over 2015. Ceramic & carbon brick lining will remain the most lucrative product segment in acid proof lining segment, representing 1,068.1Mn in revenues in 2016.

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Demand for corrosion protective and acid proof lining materials will remain strongest in Asia Pacific, with the region representing 36.7% revenue share in 2016. Steady pace of construction in the emerging countries of Asia Pacific will continue to create sustained demand for corrosion protective coatings and acid proof lining materials in 2016 and beyond. North America and Eastern Europe will maintain their position as the second- and third- largest market for corrosion protective and acid proof lining materials in 2016. These two regions will collectively account for 33.6% revenue share of the market in 2016.

BASF Coatings GmbH, PPG Industries, Inc., The Sherwin-Williams Company,    Ashland Inc., Axalta Coating Systems Ltd., Hempel A/S, International Paint Ltd., and Jotun A/S etc. are some of the leading players in the global corrosion protective coatings and acid proof lining market. Concerns on the environmental impact of coatings and acid proof lining materials is influencing leading companies to focus on developing sustainable products — FMI expects this trend to gain further momentum in 2016.

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Long-term Outlook: FMI maintains a positive long-term outlook on the corrosion protective coatings and acid proof lining market, anticipating the market to increase at 6.2% CAGR during the forecast period 2015-2025.

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:
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Germany Acid Proof Lining Market is anticipated to expand at a CAGR of 5.9% during the forecast period and is expected to account for US$ 7.605.3 Mn by 2026 end

The need for protecting industrial surfaces exposed to corrosive chemicals will continue to influence the demand for acid proof lining in Germany. In 2016, the acid proof lining market in Germany is expected to reach market value of US$ 4,296.2 Mn, at a y-o-y growth of 5.1% over 2015. The rising incidences of industrial equipment damages owing to the mechanical abrasion is also anticipated to drive the demand for acid proof linings in Germany.

The industrial use of acid proof lining in coating the floor tiles of various manufacturing units is expected to fuel the growth of Germany’s acid proof lining market. The rising necessity of providing durable solutions to industrial infrastructure is observed as a key driver for the growth of the Germany acid proof lining market. Furthermore, the mounting private equity investments will continue to boost the growth of the Germany acid proof lining market. However, the high costs of veneering industrial surfaces will be a major challenge hampering the demand for expensive yet highly-durable acid proof lining types such as carbon brick coating.

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On the basis of material-type, the acid proof lining market in Germany will witness the fastest growth in the thermoplastics lining segment. In 2015, the thermoplastics lining segment is estimated to have accounted for over 25% of total market share in Germany’s acid proof lining market. By the end of 2016, the share of thermoplastics lining segment is expected to grow at a substantial rate, closing in on the ceramic brick lining market share, which accounted for 34.8% in 2015.

germany acid proof lining market revenue share

The acid proof lining market in Germany is further segmented on the basis of end-use industries. Owing to the pervasive need of acid proof lining for protection against chemical abrasion, the chemical industries in Germany are expected to dominate the end-user segment with 29.3% market share in 2016. The water treatment facilities and power generation plants in Germany are also anticipated to fuel the demand for durable acid proof lining.

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In order to expand the scope of application, the market for acid proof lining in Germany is undergoing reforms that favour manufacturers. Small acid proof lining manufacturers will continue to emerge, owing to the low entry barriers. The leading companies in Germany’s acid proof lining market will expand their business operations to meet the surging adoption levels of acid proof linings from end-use industrial verticals such as metallurgy, pharmaceuticals, and automotive manufacturing. The key players of the Germany acid proof lining market include AGRU Kunststofftechnik GmbH, Steuler-Kch GmbH, SKO Säureschutz und Kunststoffbau GmbH, GBT-BÜCOLIT GmbH, Christen & Laudon GmbH Kunststoff – Apparatebau, A-SPT Protective Solutions GmbH & Co. KG, Knapper Oberflächentechnik GmbH, Nittel GmbH & Co. KG, , Hurner-Funken GmbH and Simona AG, among others.

Long-term Outlook: The Germany acid proof lining market is projected to register a CAGR of 5.9% during the forecast period 2016-2026. In terms of value, the acid proof lining market in Germany will reach US$ 7.605.3 Mn by end of the forecast period.

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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:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/

Submersible Pump Market 2021 Outlook, Current and Future Industry Landscape Analysis 2031

Globally, sales in the submersible pumps market are set to be valued at US$ 978.5 Mn in 2021, with a stable long-term projection. According to latest analysis by Future Market Insights (FMI), the submersible pumps market is poised to expand at a 5.1% CAGR over the forecast period 2021-2031.

In the last few years, water stress has been a leading concern across the world, which has in turn fuelled the demand for new water sources to fulfill the industrial as well domestic water need. Waste water treatment is becoming more popular around the world as means to relieve water scarcity, which is also driving the global submersible pumps markets.

Sales of submersible pumps were however dampened due to the outbreak of the COVID-19 pandemic. Disruptions in supply chain and suspended production activities in the oil and gas sector resulted in stagnated demand for submersible pumps.

Submersible pumps manufacturers are focusing on launching cost-effective and high efficiency products to improve sales. Governments of emerging economies in Africa and Asia, particularly in countries such as India, China and South Africa, are increasing efforts to improve access to drinking water in rural as well as urban areas, which in turn is benefiting the market.

“Initiatives undertaken by governments for waste water management and encouraging the use of technologically-driven equipment in agricultural sector are expected to spur the demand for submersible pumps,” said Future Market Insights analyst.

2016-2020 Submersible Pumps Market Outlook Compared to 2021-2031 ForecastRevenue generated by the industrial segment of the submersible pumps market will continue increasing gradually through 2021. According to the study, the demand for submersible pumps grew by 4.6% between 2020 and 2021, exhibiting positive signs of recovery in the market. As of 2020, submersible pumps represented between 18% and 20% of the overall pumps market.

In the agricultural sector, farmers have been exhibiting high adoption of technology driven equipment such as heavy duty submersible pumps for supplying water into the farm. Municipal water distribution and waste water treatment are expected to witness impressive growth in the coming years, which in turn is anticipated to support the growth in the global market.

Leading manufacturing companies are focusing on expanding their product portfolio by investing in research & development activities for development of new products. Through this they intend to offer improved durability and bolster expansion of their distribution channels in various countries around the world.

submersible pumps market key regions and applications mekko chart 2021

Key Takeaways:

  • By product type, borewell submersible pumps are expected account for half of the global market in terms of revenue by the end of the forecast period.
  • By head type, above 100 m pumps are expected to gain popularity over the forecast period owing to increasing demand for water distribution application.
  • By Application, demand from municipal sector is anticipated to grow at 5.5% CAGR over the forecast period.
  • East Asia has the leading share in terms of volume. However, Europe is projected to account for highest value share. Industrialization in emerging economies of Asia will increase the demand for submersible pumps over the forecast period.
  • China and Japan will continue spearheading growth in East Asia.

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Competitive LandscapeSome of the key submersible pumps manufacturers include Kubota Corporation, Wacke Neuson Group,  Atlas Copco, ABKSB SE & Co. KGaA, Xylem Inc.,Ebara Corporation, Grundfos, Sulzer AG, The Weir Group PLC, Tsurumi Manufacturing Co., Ltd. Kriloskar Brothers Ltd., Flowserve Corporation.

The global submersible pumps market is fairly fragmented owing to the presence of several players across the globe. Moreover, leading share in the market is accounted by unorganized players which is estimated to be at around 50%-55%. Key market players are focusing on research and development to expand their product portfolio. Besides this, they are actively investing in mergers, acquisitions, and strategic collaborations to expand their global footprint.

More Insights into Submersible Pumps Market ReportThe research report analyses the market demand trends of Submersible Pumps. The global market estimation and growth projection is based on factors like end use industries development, COVID-19 crisis impact, replacement ratio, and adoption rate of Submersible Pumps. As per Future Market Insights research scope, Submersible Pumps market has been studied and segmented on the basis of Product Type (Non Clog Submersible, Open Well Submersible and Bore Well Submersible) Head Type (Below 50 meter, 50 m- 100 m, Above 100 m), Application (Agricultural, Industrial and Municipal) and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply side and demand side.

Submersible Pumps Market by CategoryBy Product Type:

  • Non Clog Submersible
  • Open Well Submersible
  • Bore Well Submersible

By Head Type:

  • Below 50 meter
  • 50 m- 100 m
  • Above 100 m

By Application:

  • Agriculture
  • Industrial
    • Oil & Gas
    • Firefighting
    • Mining
    • Construction
    • Other Industrial
  • Municipal
    • Water Supply & Distribution
    • Wastewater Management

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • MEA

India Ceramic Sanitary ware Market is expected to register a CAGR of 10.3% in terms of value during the forecast period, 2016-2026

Demand for ceramic sanitary ware in India is expected to reach 28,013 thousand units in 2016, up from 26,267 thousand units in 2015. This will represent a market value worth US$ 1.96 Bn. Steady growth in the country’s real estate sector, combined with rising spate of government initiatives to boost infrastructure development will continue to positively influence the growth of the ceramic sanitary ware market in India.

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By product type, water closets will continue to account for the highest demand, with total consumption pegged at 4,789 thousand units in 2016. Among the sub-segments of water closets — 1 piece, 2 piece, wall mounted, and EWC — wall mounted water closets sub-segment will witness the highest demand. Demand for wash basins is also expected to remain healthy in 2016, with this segment accounting for a revenue share of 28.6 %. The wash basins segment is further sub-segmented as table top, wall hung, pedestal, half pedestal, and under & over counters—among these, demand for table top sanitary ware will witness the highest y-o-y growth in 2016.

In addition to growth in the real estate sector, rapid urbanisation, increasing per capita disposable income, and improving standard of living in urban areas are other key factors sustaining the demand for ceramic sanitary ware in India. Although FMI maintains a positive outlook on the India ceramic sanitary ware market, low replacement cycles will continue to remain a key challenge for manufacturers.

The India ceramic sanitary ware market is in a period of consolidation, and key players are focusing on diversifying their range of product portfolio. Reducing operational expenses to boost profitability margin remains a key focus area for stakeholders in the India ceramic sanitary ware market.

Demand for ceramic sanitary ware is strongest in South India, with total revenues expected to reach 546.1 Mn in 2016. The overall consumption of ceramic sanitary ware in the region in 2016 will be to the tune of 9,352 thousand units, up from 8,850 thousand units in 2015.

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Leading companies in the India ceramic sanitary ware market include

  • Cera Sanitaryware Ltd,
  • Hindustan Sanitaryware & Industries Limited (HSIL),
  • Ras Al Khaimah (RAK) Ceramics India Pvt Ltd,
  • Roca Sanitario, S.A.,
  • Toto Ltd, Kohler Co.,
  • Duravit AG and Jaquar.

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Long-term Outlook: The India ceramic sanitary ware market is expected to increase at a CAGR of 10.3% in terms of value during the forecast period 2016-2026. In terms of volume, the total consumption is expected to reach 57,444 thousand units by the end of 2026.

Product types accessed in the report are as follows:

Product types accessed in the report are as follows:

  • Wash Basins
    • Pedestal
    • Half Pedestal
    • Wall Hung
    • Table Top
    • Under & Over
  • Water Closets
    • One Piece
    • Two Piece
    • Wall Mounted
    • EWC
  • Cisterns
  • Vanity Basins
  • Accessories

End-user assessed in the report are as follows:

  • Residential
  • Commercial

Regions assessed in the report are as follows:

  • North
  • South
  • East
  • West

About Chemicals & Materials division of FMI

The Chemicals & Materials division at FMI offers distinct and pin-point analysis about the chemicals & materials industry. Coverage of the chemicals and materials  market extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites, and nanotechnology. The team also puts special emphasis on ‘green alternatives’, recycling and renewable technology developments, and supply-demand trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners, and government bodies for developing – ‘The Way Forward’.

Browse the full “Ceramic Sanitary Ware Market : India Industry Analysis and Opportunity Assessment, 2016 – 2026“market research report at https://www.futuremarketinsights.com/reports/india-ceramic-sanitaryware-market

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:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/

Ceramic Tiles Market will exhibit 7.20% CAGR between 2021 and 2031

ESOMAR-certified firm Future Market Insights (FMI) analyzes the global ceramic tiles market in its recent study. As per the report, the market will continue exhibiting healthy growth, expanding at a 7.20% CAGR, reaching US$ 84.8 Bn in 2021. Sales outlook for ceramic tiles market will remain positive with counties including China, India, Italy, and the U.S. emerging as key exporters and producers. Despite restrictions imposed amid COVID-19 outbreak, the market continued showcasing a steady growth trajectory. The analysis has estimated sales to rise at 2.50% year on year rate in 2021. Spurred by increasing growth opportunities, overall sales volume is anticipated to reach 32,870 Sq. Mtr. by 2030. As per the study, the demand for ceramic tiles is consistently rising owing to rapid urbanization across developing countries and growing demand for aesthetically pleasing and sustainable tiles for home décor.

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Additionally, demand for visual appeal in ceramic tiles is driving product innovations such as the development of natural and wooden finish designs with stain resistance and added durability. These developments are expected to contribute towards overall expansion of the market.  Rising residential replacement projects in countries such as the U.S., the UK, Italy, and Germany are fueling demand for ceramic tiles as they support green building projects and offer long-term durability at low costs.In developing countries such as China, India, Japan, and Brazil, growth can be attributed to increasing investments in infrastructure, migration of people from rural areas to cities, and government-backed developments in healthcare, education, and commercial facilities.

“Rapid expansion of infrastructure, coupled with growing demand for ceramic tiles because of their style, sustainability, and durability will continue driving sales in the upcoming years,” says the FMI analyst.

Key Takeaways from Ceramic Tiles Market Survey

  • By product type, sales of floor tiles will gain momentum throughout the assessment period.
  • Residential replacement segment will remain dominant in terms of application, owing to increasing projects across various countries.
  • The U.S. is anticipated to witness healthy growth, expanding at a 6.50% CAGR between 2021-2031.
  • Italy will lead the market in Europe, owing to high export volume, exhibiting market expansion at 5.70% CAGR.
  • South Korea and Japan will account for 13% of the total market share.

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Competitive Landscape

RAK Ceramics, Crossville, Inc., Atlas Concorde, Saloni Ceramica, Porcelanosa Grupo, Gruppo Ceramiche Ricchetti, Florida Tile, Mohawk Industries, Kajaria Ceramics, and China Ceramics Co., Ltd. are among top manufacturers of ceramic tiles in the market, accounting for 7-9% of market share in 2021.

Key strategies leveraged by leading players include product innovations, sustainable manufacturing practices, collaborations, and acquisitions to add artistic value to ceramic tiles designs and expansions of production facilities for increased production. For instance:

  • In 2019, RAK Ceramics introduced Serpeggiante range of vitrified tiles straight from Italy, a stylish and excellent stone for countertops, walls, and floors that were used in sculptures and architecture in ancient Italy.
  • In January 2021, Mohawk Tiles announced its operation expansion in Carroll County, Virginia, adding 19,000 square feet to its facility in order to fulfill the increasing demand for ceramic tiles.

Ceramic Tiles Market Key Segments Covered

Ceramic Tiles Market – Product Segment Analysis

  • Floor Tiles
  • Wall Tiles
  • Other Tiles

Ceramic Tiles Market – Application Analysis

  • Residential Replacement
  • Commercial
  • New Residential
  • Others (facades, countertops etc.)

Ceramic Tiles Market – Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Rest of the World (RoW)

More Insights on the Ceramic Tiles Market

In its latest report, FMI offers an unbiased analysis of the global ceramic tiles market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of product type (floor and wall), application type (residential replacement, commercial, new residential, and others including facades and countertops), and across seven regions (North America, Latin America, Europe, Asia Pacific and Rest of the World).

Ask us your Any Queries About this Report: https://www.futuremarketinsights.com/askus/rep-gb-1669

About Chemicals & Materials division of FMI

The Chemicals & Materials division at FMI offers distinct and pin-point analysis about the chemicals & materials industry. Coverage of the chemicals and materials  market extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites, and nanotechnology. The team also puts special emphasis on ‘green alternatives’, recycling and renewable technology developments, and supply-demand trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners, and government bodies for developing – ‘The Way Forward’.

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:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/