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Sales of vegan foods and beverages have gone up significantly owing to increased health awareness among consumers, especially in terms of effects from the consumption of animal-based products. The broader gains in the plant-based food category have rubbed off on varied categories, with plant-based butter sales gaining significant traction. The growing popularity of plant-based butter has led to specialty brands experimenting with new flavors and sources. A new study by Future Market Insights concurs with positive consumer sentiment on plant-based butter, estimating market to grow nearly 7% y-o-y in 2021.

As per the Food Industry Association, around 30% of households are home to vegan, vegetarian, flexitarian, or pescatarian consumers. This trend is creating opportunities for growth for plant-based butter manufacturers. Demand for plant-based butter can also be attributed to the growing consumer preference for clean-label, natural foods, which is pushing dairy producers to develop and launch vegan alternatives.

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Key Takeaways

• Global plant-based butter market to exhibit CAGR exceeding 7.5% through 2030
• Soy-milk based butter held nearly 40% share in 2020
• Online retail distribution to register relatively faster growth, aided by benefits in terms of consumer engagement
• US to remain the largest market, pegging North America to surpass US$ 200 Mn in 2020

“The plant-based butter market is a nascent phase and is being increasingly viewed as a high-potential product in the dairy alternative industry, as a healthy alternative to conventional fatty food products, which will aid growth in the market for the foreseeable future,” says a FMI analyst.

Covid-19 Impact Analysis

The covid-19 pandemic has resulted in substantial changes in the dietary preferences of consumers around the world. Concerns over transmission of the virus through animal based products has aided the adoption of plant-based alternatives.

Also, plant-based butter can be sourced from oat milk, rice milk, corn milk, soy milk, pea milk, almond milk, coconut milk, cashew milk, flax milk, and hemp milk among others, allowing for a wider flavor range. While demand from the food service sector is likely to drop owing to lockdown restrictions, home consumption with sales through online sales is expected to rise.

The prospects of the plant-based butter market has widened since early 2020. As per the Good Food Institute, sales of plant-based foods surpassed that of animal based alternatives since the advent of the crisis, and will continue through the forecast period.

Who is Winning?

The plant-based butter market is competitive and characterized by the presence of small and mid-scale players. Leading manufacturers are effectively leveraging demand for natural, clean label products, with the aim of geographic expansion and widening product portfolios for long term growth.

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Some of the leading players in the plant-based butter market include Conagra Brands Inc., Upfield Foods, Miyoko’s Creamery, Wayfare Food, Prosperity Organic Food Inc., Lyrical Foods Inc., Califia Farms, Premier Organics, Naturli Foods, Ekogram-the real food, Wildfriend Foods, The J.M. Smuker Co., The Leaviet Corp., Milkadamia, among others.

More Valuable Insights on Plant-based Butter Market

In its new report, Future Market Insights provides detailed analysis of the global plant-based butter market covering historical demand from 2015 – 2019 and forecast data for 2020 to 2030. The study assesses growth projections on the market on the basis of source (oat milk, rice milk, corn milk, soy milk, pea milk, almond milk, coconut milk, cashew milk, flax milk, and hemp milk) and distribution channel (B2B and B2C), across 4 prominent regions.

About Food Market Division at FMI

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from across the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

Clean label pectin is used as a primary ingredient in various food applications such as jams, jellies, sauces, fruits spreads, chews, bakery fillings, juices, toppings, sugar confectionery, fermented dairy products, and plant based products. Driven by the increasing application as stabilizer, the clean label pectin market is forecast to rise at nearly 7% CAGR between 2021 and 2031. Future Market Insights (FMI) presents a positive outlook for the market in its study as focus on healthy eating continues to rise around the world.

Consumers in general have become more curious about the source of the raw material and production methods used for processing various food products. A few of the production methods are observed as less ‘natural’ while some food ingredients are considered as ‘unhealthy’ and ‘unfamiliar’.

The ‘clean label’ trend is expected to have considerable influence on the food industry especially since consumers have become more interested in ingredients used in their food. There is clear inclination for more ‘natural’ methods of production using ingredients derived from organic or natural sources. According to FMI, citrus fruits are highly sought-after sources of clean label pectin. In fact, citrus fruits made for over 43% of clean label pectin produced in 2020.

Key Takeaways from Clean Label Pectin Market Report

• Clean label pectin market will exhibit 5.8% y-o-y growth in 2021, registering 0.3% improvement than growth recorded last year
• Increasing focus on healthy eating seals America’s dominance. The U.S. to account for a little below 85% of sales recorded in North America
• U.K. emerges as a key market within Europe, exhibiting over 8% y-o-y growth in 2021
• Rising focus on health and wellness to continue driving sales in Germany and France
• While China will continue dominating sales in East Asia, both Japan and South Korea are forecast to register higher rate of growth

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“Consumers are likelier to check ingredients list on a food product to ascertain if it is sustainable and environment-friendly. Smaller manufacturers see this as a lucrative opportunity to establish their brand presence in a highly competitive landscape.  With focus on end-to-end clarity rising, more companies are jumping into the clean-label bandwagon, irrespective of their size. Spurred by this, clean label pectin producers will gain from increasing application within the food industry,” said a lead analyst at FMI.

Demand from Pharmaceutical Industry Poised to Surge

Clean label pectin market is anticipated to register increasing demand from the pharmaceutical industry. Gelling property of clean label pectin has been increasing its use in making gel beads, film coated dosage, and matrix tablets. Clean label pectin is mainly used for medicine for diarrhea, throat lozenges and constipation. It also is used in nutritional and health products which help in weight loss, strengthens skin and hair, enhance iron absorption, and improve heart health.

Increasing Demand for Organic and Clean Label Food Will Accelerate Sales

Consumers are shifting towards healthy, high vitamin, nutrient rich food and avoiding foods with artificial flavour, colour, GMO levels and preservatives. Increasing health awareness and high demand for low sugar fruit products will drive the clean label pectin market. Consumer inclination toward natural and organic food is persistent rising due to rising health consciousness and it is accelerating the growth of clean label pectin. Due to rising demand for organic and clean label products, key players of clean label pectin market are focusing on launching unique clean label pectin products in the market.

For instance,

• In 2020 CP Kelco introduced GENU Pectin YM-FP-2100, a clean label ingredient that provides a medium-to-high viscosity in the fruit drinking yogurt and with ease of pump ability at the fruit prep stage.
• In 2018, DuPont Nutrition & Health launched and developed GRINDSTED Pectin PRIME 541, product which allow food producer to make new tempting reduced-sugar fruit spread and without processing hurdles.

Who is Winning?

Some of the key players operating in the clean label pectin market are CP Kelco, Cargill, Inc, Herbstreith & Fox, Royal DSM, DuPont Nutrition & Health, Brenntag North America, Inc., Silvateam Food Ingredients, Lucid Colloids Ltd. and many more. In order to gain competitive advantage, market players have been focusing on expansion via merger and acquisition strategies. Besides this, product launches are undertaken to strengthen their footprint.

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For instance,

• In 2020 Herbstreith & Fox (H&F Group), a producer of pectin base in Germany acquired pectin buisness from Givaudan SA (Switzerland) part of the Naturex portfolio.
• In 2018, Brenntag North America Inc. entered into partnership with Silvateam for the extensive distribution of pectin in the Canada and United States.
• In 2019, CP Kelco launched a new product line, NUTRAVA citrus fiber it is a clean label ingredient which is derived from peels of citrus fruits.

Get Valuable Insights into Clean Label Pectin Market

Future Market Insights, in its new report, presents an unbiased analysis of the clean label pectin market, covering historical demand data 2016-2020 and forecast figures for the period between 2021 and 2031. The study divulges compelling insights into the growth witnessed in the market. Based on the based on product type, clean label pectin market has been classified into high-methoxyl pectin and low-methoxyl pectin. The clean label pectin market based on end use application has been classified into fermented Plant based products, fermented dairy products, including yoghurt, Jams, jellies, chews, fruit spreads, sugar confectionery, fruit roll ups, fruit preparations, bakery fillings, glazes, sauces, toppings, ripples, compotes, juices, and reduced-sugar beverages. On the basis of source, clean label pectin market is segmented into citrus fruits, pears, apples, plums, banana, and others. On the basis of region the clean label pectin market segmented into North America, Latin America, Europe, East Asia South Asia, Oceania, and Middle East & Africa.

About Food Market Division at FMI

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from across the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

Given its low water absorption aspect, basalt fibre is gaining significant traction as construction material.  High thermal resistance of basalt fibre makes it an ideal material in industrial furnace lining and fireproof rope applications.

A naturally-derived material, basalt is relatively more recyclable compared to other reinforcing fibers and is, thus, witnessing significant traction in various end-use industries.

Market players are investing in R&D for expanding the application scope of basalt fibre to wind energy, marine and other industries.

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Basalt Fibre Market – Growth Restraints

While basalt fibre is witnessing significant demand from several end-use sectors, factors such as high cost and scarcity of raw material is posing threat to the basalt fibre market growth.

Availability of numerous low-cost substitutes such as fiberglass is dampening the adoption of basalt fibre from small-scale industries.

Domestic manufacturers in emerging regions are stiffening the market competition by selling products at much cheaper rates, as such, leading players are experiencing difficulties in expanding their regional foothold.

Impact of COVID-19 on Basalt Fibre Market

The COVID-19 pandemic is having dampening effect on the global mining industry. Government has imposed lockdowns in various non-essential service sectors, thus, resulting in reduced production of metals from mining industries.

On the other hand, demand for commodities such as copper, basalt and iron remains low from various end-use industries.

Unavailability of labor and high transportation costs have halted construction processes in worst-affected countries including, Italy, the US, China, India, among others.

Recent studies reveal the global construction industry currently stands at 0.9% growth in 2020. Going forward, demand from the automotive industry for basalt fibre has seen a severe downfall during the COVID-19 pandemic.

Basalt Fibre Market – Regional Analysis

North America and Europe currently hold prominent share in the global basalt fibre market. The US, Russia and Germany are leading consumers of basalt fibres in these regions respectively.

These regions are hub of automobile, construction and wind energy sectors. Further, favorable government trade policies are playing a helping hand in the market growth in North America and Europe.

Asia Pacific (APAC) is anticipated to provide remunerative opportunities to basalt fibre market towards the forecast period.

Increasing government investments towards infrastructural development is slated to drive the regional market growth.

Expanding automotive industries in China and Japan is fueling the demand for basalt fibre. Studies reveal that the annual production of automobiles in APAC is more than 50 million, 60% of which are used domestically.

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Basalt Fibre Market – Competitive Landscape

The global basalt fibre market is slightly fragmented and is represented by limited number of global and regional players. These players are focusing on continuous expansion and collaboration activities. For instance,

• In April 2020, Polotsk-Glassfibre expanded its business by launching a new furnace with production capacity of 500 tons fibre per year.
• In 2019, Basanite Industries LLC started a new manufacturing unit in Florida for production of basalt fibres and basalt composites.

Key Compnies

• Kamenny Vek Mafic
• Technobasalt-Invest
• Fibrebas Construction and Building Technologies
• Hebei Tong-Hui Technology
• Technobasalt-Invest LLC
• Company Mineral 7
• Aerospace Tuoxin
• Mudanjiang Jinshi Basalt Fibre Co. Ltd
• Zaomineral
• GMV
• Mafic SA
• KamennyVek
• Jilin Province Huayang New Composite Material Co., Ltd.
• Tongxin, Galen, Nmg Composites Co., Ltd.
• Sichuan Aerospace Tuoxin Basalt Industrial Co., Ltd.
• Incotelogy GmbH
• JiangsuTianlong

Basalt Fibre Market – Segmentation

Basalt fibre market is segmented on the basis of following,

By Type

• Composites
• Non-Composites

 

By Composite Processing Method

• Pultrusion
• PrePregs
• Compression Moulding
• Hand Layup
• Resin Moulding
• Vaccum Infusion
• Spray Gun
• Filament winding
• Resin film Infusion (RFI)
• Others

By Application

• Concrete reinforcement
• Roads
• Mesh filters
• Insulator
• Wall Plugs
• Spray Application
• Refractory Bricks and Blocks

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

 

 

Purified terephthalic acid (PTA) is a crucial element in manufacturing man-made fibers. Around 70-80% of polyester products are made up of purified terephthalic acid. Purified terephthalic acid is a cost effective alternative to dimethyl terephthalate (DMT), PTA has been a commonplace in the textile and packaging sectors. Moreover, PTA is finding application in healthcare sector for treating peptic ulcer, reflux esophagitis and gastroesophageal reflux disease (GERD). The global purified terephthalic acid market is projected to grow at a healthy CAGR over the forecast period, 2020-2030. Market players are exploring growth potentials in marine, construction, and transport & wind energy industries.

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Impact of COVID-19 on Purified Terephthalic Acid (PTA) Market

The global economy is witnessing deepest recession after WW2 due to COVID-19 pandemic, and its effect is apparent across the global purified terephthalic acid market as well. Due to halt in export and import from various countries, demand for textile has reduced, and manufacturers are forced to curtail production or shut down their production units. According to just-style, about 80% of textile industries in Africa have faced downfall during the pandemic. Moreover, majority of market players are dependent on China for raw materials. As the country is facing the second wave of the pandemic, reinstating lockdowns in key manufacturing hubs are severely hampering the supply chain disruption of purified terephthalic acid market.

On the flip side, PTA is finding immense use in manufacturing of personal protective equipment (PPE) kit amid the pandemic. PPE kits have become a must for the frontline healthcare workers in order to protect them from the coronavirus while treating patients. As such, surging demand for PPE kits from various sectors is offering lucrative prospects for PTA manufacturers. With 3600 manufacturing units, about 2 lakhs personal protective equipment (PPE) kits are produced in India alone.

Purified Terephthalic Acid (PTA) Market Regional Analysis

Asia Pacific (APAC) continues to hold leading share in purified terephthalic acid market. China is the largest manufacturer and exporter of PTA in the world. Additionally, APAC is the largest textile consumer, especially polyester fabric and yarn. Growing at a CAGR of around 5%, the APAC textile is poised to register revenues worth US$ 520 by 2024. Further, surging sales of apparels through online platforms is anticipated to provide remunerative opportunities for PTA manufacturers. Going forward, North America is also attracting significant stakeholders’ investments, given rising adoption of polyethylene terephthalate (PET) in bottling and packaging industries. Studies find that the PET bottle industry in the region is expected to exhibit stable growth in the coming years.

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Purified Terephthalic Acid (PTA) Market – Competitive Landscape

The global purified terephthalic acid market is highly fragmented, key manufacturers accounting for slight over a third of overall market revenue. Market leaders are focusing on collaboration and capacity expansion to maintain their competitiveness in the purified terephthalic acid market. For instance,

• BP has formed strategic collaboration with China Resources Chemical Innovative Materials holding Limited (CRC) to create and improve flexibility of its polyester value chain.
• Sinopec Yizheng Chemical Fibre Company has collaborated with SIBUR Holding to invest in Amur GCC for expansion of new and large-scale projects.

Players in global purified terephthalic acid market include

• Sinopec Yizheng Chemical Fibre Company
• Mitsui Chemicals
• Reliance Industries Limited
• Eastman Chemical Company
• DuPont, Formosa Plastics Group
• Alfa Group
• Indian Oil Corporation
• Mitsubishi Chemical Corporation
• SABIC
• Samsung Petrochemical Co. Ltd.
• Samyang Corporation.

Purified Terephthalic Acid (PTA) Market – Segmentation

Purified terephthalic acid market is segmented on the basis of following,

By Application

• Polyester
• By Grade
• Fiber & Yarn Grade
• Polybutylene terephthalate (PET) Grade
• Film Grade
• Polybutylene Terephthalate (PBT)
• Plasticizers
• Others

By End User

• Textile
• PET Bottles
• Packaging

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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.

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Silver powder and flakes are used by converting it to conductive pastes and adhesives. The high conductivity of silver in the ink form maximize its performance. Silver powder and flakes is largely used in the electronics industry. These powders are also used in adhesives and sealants. The rise in these markets is expected to increase the demand for silver powder and flakes, thus helping the global silver powder and flakes market to grow. In the global silver powder and flakes market, rise in demand for the hybrid silver coated materials will be seen in the near future. Also, the use of silver nanoparticles for antibacterial use will increase the demand for silver powder and flakes. This increase in the demand is anticipated to project a positive growth on the global silver powder and flakes market. Having said that, the global silver powder and flakes market is expected to witness double digit growth in the forecast period.

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Drivers and restraints

The growing electronics industry is projected to be a major driving factor for the global silver powder and flakes market. Also, the demand for silver powder and flakes is expected to increase due to the rise in the adhesives and sealants industry. It is anticipated that, during the forecast period there will be a shift of trend towards use of hybrid materials that will integrate the use of less conductive and less expensive silver powder and flakes. The growing automotive industry is also anticipated to be a major driving factor for the global silver powder and flakes market. Though the silver powder and flakes market had been buffeted by rise in silver prices, there are opportunities for the key players who are able to provide customized high quality silver powder and flakes. Also, the shift of trend towards the use of silver nano powders and flakes is expected to be a major restraining factor for the global silver powder and flakes market.

Region – wise outlook:

Geographically, the global silver powder and flakes market can be broadly segmented on the basis of seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia – Pacific, Japan and Middle – East and Africa. North America is expected to be the fastest growing region in the global silver powder and flakes market. Asia pacific is also anticipated to emerge as a leading region in the global silver powder and flakes market. China is expected to witness fast growth in the global silver powder and flakes market.

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Major key players:

Some of the key market players identified in the global silver powder and flakes market are:

• E. I. du Pont de Nemours and Company
• Johnson Matthey AgT
• Ferro Corporation
• Ames Goldsmith Corporation
• Mitsui mining & smelting Co.,ltd
• Metalor Technologies SA

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

Silver Powder And Flakes Market Segmentation

The global silver powder and flakes market is broadly segmented on the basis of product types as:

• Silver powders
• Silver flakes
• Nano powder and flakes
• Others

The global silver powder and flakes market is broadly segmented based on end use industry into:

• Electronics and electrical
• Photovoltaics
• Silver inks
• Automotive
• Adhesives
• Others

Regional analysis includes

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

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

 

Synthetic rubber type is likely to gain popularity in industrial rubber market and surging automotive sector is expected to drive the sales of this product. Demand for light-weight vehicles, fuel-efficiency and environment-friendly automotive components has been influencing automotive industry in adopting eco-friendly industrial rubber.

Rapidly increasing demand from building and construction coupled with automotive industries in Asia-Pacific acts as an important growth driver for industrial rubber market during the forecast period. Asia-pacific holds comparatively higher number of automotive manufacturing plants across the globe and has been witnessing significant rise in infrastructural developments.

Automotive market is anticipated to take the lead in industrial rubber market over the forecast period owing to rapid growth in automotive and automobile component production in emerging nations such as South Korea, China and India along with other South-Asian countries. China is witnessed as the major contributor in Asia-Pacific industrial rubber market. Furthermore, growing industrial production capabilities in China as well as rising investments in automotive industry of Indonesia, Thailand and India have been projected to drive the growth of Asia-Pacific industrial rubber market. Constant increase in tire production companies in Asia-Pacific is expected to further support the growth of industrial rubber market in the region.

Industrial equipment and machinery sector is likely to generate extensive incremental opportunity for industrial rubber market in the near future owing to rising usage of the industrial rubber in the conveyor belts. Industrial rubber products is likely to gain significant traction across construction and agriculture machinery as well.

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Industrial Rubber Market: Region-wise Outlook

The global industrial rubber market is expected to register a double-digit CAGR for the forecast period. Depending on geographic regions, global industrial rubber market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. As of 2015, North America dominated the global industrial rubber market in terms of market revenue followed by Europe. Asia Pacific & Japan are projected to expand at a substantial growth and will contribute to the global industrial rubber market value exhibiting a robust CAGR during the forecast period, 2015?2025.

Industrial Rubber Market: Key Players         

Some of the key market participants in global industrial rubber market are Goodyear Tire and Rubber Company, Greenville Industrial Rubber & Gasket Co, Industrial Rubber & Gasket Inc, Continental AG, Bridgestone Corp, Yokohama Rubber Company Ltd, Toyo Tire and Rubber Co. Ltd.

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

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Industrial Rubber Market: Segmentation

The global industrial rubber market is broadly classified on the basis of product type, market and geographies.

Based on product type, the global industrial rubber market is segmented into:

• Gaskets
• Hoses
• Conveyor belts
• Sealing products
• Footwear

Based on market, the global industrial rubber market is segmented into:

• Construction
• Manufacturing
• Aerospace
• Automotive

Regional analysis includes

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

Rapidly growing automotive sector in developing economies and increased demand for high-performance tires, sealing products, and tire adhesive are expected to contribute to the growth of the global industrial rubber market. As on date, Asia Pacific is the largest producer and consumer of industrial rubber, with its tire sector exhibiting promising growth rate. Manufacturers have shifted their production facilities to emerging economies, due to the low labor and operating costs.

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

 

Mushroom materials market is anticipated to grow at a noticeable CAGR during the forecast period (2020-2030). As the sustainability trend is sweeping across various industries, mushroom materials are rapidly replacing plastics in packaging solutions as they are free from volatile organic compounds (VOC) and are derived from biodegradable materials. The transportation sector is among the key contributors to greenhouse gas (GHG) emissions, especially in developed regions. Industrials are striving to achieve better fuel efficiency by mass reduction. Mushroom materials are relatively light-weight compared to conventional materials, thus, enabling easy transportation. Further, they are widely used in manufacturing thermal insulator, car parts, and sandwich panels.

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Mushroom Materials Market – Growth Restraints

Mushroom materials become flimsy after long exposure to moisture, as such are not considered suitable for packaging during monsoon. Their delicate nature and non-resistance to high pressure restrict their usage as proper construction bricks. Further, mushroom materials are not available in abundant amount, unavailability of raw material can impact the process of production. High cost of mushroom packaging hampers its sales in regional market.

Impact of COVID-19 on Mushroom Materials Market

The COVID-19 pandemic has hit the mushroom material market hard. Nationwide lockdowns is leading to reduced on-farm workers, thus, hampering the overall mushroom production. According to ‘mushroom business,’ only 50-60% of crops have been harvested in February in China. Due to less availability of raw materials, manufacturers are forced to curtail the production or shut down their manufacturing units, causing huge disruption in the supply chain. Travel restrictions are further also leads to downfall of market.

Moving ahead, players are keeping their focus away from product innovations or new launches during the crisis. They are continuing to manufacture and distribute the products that are already much in demand. Governments across the globe are reforming their taxation policies and financial aids to help farmers and businessmen bring back sales to pre-crisis levels.

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Regional Analysis of Mushroom Materials Market

Asia Pacific (APAC) continues to hold leading share in the global mushroom material market. China is the largest producer and consumer of mushrooms in the world.  The country produces 46% of world’s total mushroom cultivation. Technological advancements, and presence of skilled labor are further promoting the growth of mushroom material market in APAC.

Going forward, focused government initiatives on agricultural development and innovation, and presence of key players is anticipated to uptake North American mushroom material market. The mushroom industry in the region is investing in artificial intelligence (AI) to reduce overcome labor costs.

Mushroom Materials Market – Competitive Landscape

Mushroom material market is consolidated with two major players, Ecovative Design and MycoWorks. These players are continuously focusing on widening the application of mushroom materials and, product development. For instance,

Ecovative, a New York-based biotech company, is developing compostable packaging from mycelium and hemp – myco-composite. These myco-composites are used to produce commercial, custom-molded mushroom packaging. Unlike plastic, myco-composites are completely biodegradable, hydrophobic, heat resistant, and grow within a few days days.

Growing demand for substitutes of plastic, biodegradable packaging method are gaining much traction in future markets. For instance,

NEFFA, a clothing and fashion company, has developed biodegradable textile from mycelium. Watson and Wolfe, developed substitute of animal leather by producing mushroom leather, it is extremely light weight and flexible in nature.

Mushroom Materials Market – Segmentation

The global mushroom materials market can be segmented on the basis of following

By Application

• Insulating panels
• Building materials
• Protective packaging
• Others

By Feedstock

• Wood fiber
• Buckwheat
• Cotton seed

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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.

 

Rapidly increasing demand for frozen foods and growing use of dry ice as refrigerant across the food and shipping industries is anticipated to significantly drive the growth of dry ice market. Notable growth in transportation industry is expected to support the shipping of products, thereby holding impressive revenue growth opportunities for dry ice market. Grocery stores and healthcare industry are anticipated to create lucrative growth opportunities for the growth of dry ice market with rising lengthy transportation trips in the forthcoming years. However, inability of dry ice in long-term storage might restrain the growth of dry ice market in the forthcoming years.

Dry Ice is solid form of carbon dioxide. Solid carbon dioxide is characterized by phase change from solid state directly to gaseous state without undergoing change into liquid state with an increase in temperature. As such, it does not lead to any residue post the phase change and hence is rightly termed as Dry ice. Dry ice manufacturing process involves initially compressing and cooling gaseous carbon dioxide to yield liquid carbon dioxide. In the next step, this liquefied carbon dioxide is allowed to undergo expansion following which it is pressurised to yield solid carbon dioxide or dry ice. Dry ice is often used instead of traditional water based ice due to relatively lower temperature(-79 degrees) of dry ice as compared to that of water based ice at the same time it does not melt into a liquid form, rendering it free from waste generation. Moreover, dry ice is non-flammable and non-toxic as opposed to some of the other refrigerants used.

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Dry Ice Market: Region-wise Outlook

On the basis of geographic regions of the globe, global Dry Ice market is segmented into seven major geographic segments. These key market segments are North America, Western Europe, Eastern Europe, Asia Pacific, Japan, Middle East & Africa and Latin America Dry Ice market.

Dry Ice Market: Key Players 

Some of the identified major participants of the global Dry Ice market are as follows:

• Continental Carbonic Products, Inc.
• Yara International ASA
• Dry Ice Corp.
• Dry Ice UK Ltd
• Praxair Technology, Inc.

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

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Dry Ice Market: Segmentation

Depending on the end use application industry of dry ice, the global dry ice market can be segmented into following key market segments:

• Healthcare
• Food Processing
• Industrial Cleaning
• Transport
• Others

Regional analysis includes

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

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

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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.

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This Ethanol market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape.

Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Ethanol market.

Ethanol is a chemically produced compound, also known as ethyl alcohol or grain alcohol. It is a form of simple alcohol naturally produced by fermentation of sugar, corn, barley, wheat by yeasts.

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Ethanol Market: Prime drivers & stoppers

The analysis of comprehensive data collected globally over sales and application of ethanol spells out a flourishing market in near future. The demand of ethanol blending with petrol and other extravagant fossil fuels are constantly rising.

Aviation industry also utilized the opportunity to experiment ethanol blending and that proved a leap jump in fuel innovation.

Availability of raw materials like sugarcane, wheat and corn which are produced abundantly worldwide makes the process of ethanol manufacturing cost effective. Countries like India where sugarcane and wheat are produced in surplus, provides an opportunity to replace much imported crude oil to a large extent.

Ethanol is in demand mainly as a biofuel, a clean and cheap form of energy, which can be produced easily, unlike petrol and gasoline which are manufacture d in a much-complicated process.

Finally, Government policies worldwide to enable self-sustainable form of fuel production and enable new firm creation leverage support to ethanol market.

However, synthesis of ethanol is primarily dependent on feedstock like sugarcane, corn, wheat, barley etc. which in turn can be affected by volatility in rain or unfavourable monsoon. Furthermore, supply-chain constraint with import restriction is not favourable.

Ethanol Market: Interpretation of Market Outlook

Ethanol is used widely in medical industry in the form of drugs and antidote. Popularly known as recreation drug, it is an active agent for central nervous system depressant

The current environment for ethanol market is growing unprecedently. The trajectory attained in terms of growth and application is burgeoning   and expected to grow with CAGR 0f 5 % during the forecast period.

New entrants are grabbing this unparalleled opportunity with clear-headed strategy to maximise the returns. In fact, contrary to recent fears of pandemic, careful analysis shows that the market for ethanol has gained tremendously. With growing demand form automobile and aviation sector the growth chart looks astounding.

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Ethanol Market:  Regional Analysis

North America is most influential and dominating market globally. The United States is the largest producer followed by Brazil and China.

In Asia Pacific region, India and China are remarkably using ethanol in pharmaceutical industry. It is a new initiative in renewable energy which is cleaner and more capable of reducing high imports of crude oil and petrochemicals in developing countries.

For instance, on a per capita basis India has high rates of petrol consumption owing to high crude oil imports. This led to trade deficit and low forex reserves. In this scenario ethanol can be a game changer, though it cannot replace petrol and diesel but can be blended to large extent

Ethanol Market: Competitive Landscape

• Archer Daniels Midland Company
• Aventine renewable Energy
• United Breweries
• Krin, The Andersons Inc.
• British Petroleu
• Advanced Bioenergy LLC
• Stake Technology
• VeraSun Renewable Energy
• Alternative Energy Sources
• Diago
• Cargill Corporation
• Pure Energy Inc Heinken
• AB Miller, Pernod Richard

In 2019 OMC (Oil Marketing Companies) in India procured 2.4 billion ethanol to achieve highest ethanol market  penetration. In one year, the blending of ethanol in petrol increased to 5.8 % in 2019 from 4.1 % in 2018.

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Ethanol Market Segment Analysis

The Ethanol market can be segmented based on the following:

By Feedstock

• Sugarcane
• Corn
• Wheat
• Barley

By Application

• Automobiles and transportation
• Medicines
• Food and Beverages
• Fuel cells
• Cosmetics
• Fertilizers
• Pesticides

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