Super Absorbent Polymers Market Share and Growth Factors Impact Analysis 2031

As per a study by FMI, the super absorbent polymer demand is expected to increase at a CAGR of 4.9% during the forecast period of 2021 to 2031. Increasing use in the production of medical and personal hygiene products will continue fuelling the demand for super absorbent polymers.

According to a study by FMI, the disposable diapers manufacturing sector will account for 76% sales in 2021. Regardless of the challenges posed by COVID-19 outbreak, the demand increased by 4.7% between 2020 and 2021. Spurred by this, the global super absorbent polymer market is expected to surpass US$9.18bn in 2021.

Rising popularity of adult incontinence and feminine hygiene products is driving sales of the super absorbent polymers. The market also will gain from the increasing awareness about hygiene and safety. Surge in sales is on cards as governments around the world adopt initiatives to spread awareness about the importance of maintaining proper hygiene amid COVID-19 outbreak.

While several other markets struggled to stay afloat during pandemic, super absorbent polymers sales continued to rise. The rising demand for medical and hygiene products will continue guaranteeing growth through the forecast period.

Rising prevalence of urinary incontinence also has compelled medical experts to focus on developing improved incontinence solutions. Numerous healthcare policies are therefore undertaken numerous government bodies to boost healthcare quality. This will present a conducive environment for overall growth of the market.

However, fluctuating price raw materials continues to threaten growth in the market.

“Key players in the global market are investing in the development of bio-based super absorbent polymers in order to keep pace with growing focus on sustainable production. This trend will continue through the forecast period to enable growth in the market in the coming years,” says the FMI analyst.

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Key Takeaways

  • Sodium polyacrylate is the top-selling product and is expected to account for 64% of overall market in 2021. Its ability to absorb 800 times its weight, makes it a one of kind of super absorbent polymer.
  • Diaper segment is expected to hold the dominant share 76% of the market in 2021 as it is.
  • China is expected to account for 76% of the East Asia market during the forecast period as this country has the largest consumer base of personal hygiene products.
  • The India market is expected to rise at 5.8% CAGR by the end of 2031 driven by the rising demand for baby care and feminine hygiene products.
  • Japan will account for 16% of sales in super East Asia, driven by the rising demand for adult incontinence products. As according to World Bank statistics, one fourth of Japan’s population is over 60. This is indicative of conducive environment for super absorbent sales in the country.

Key Drivers

  • The rising demand for feminine hygiene products due to increasing feminine literacy, menstruation knowledge, awareness about health and cleanliness, women empowerment, and growing female disposable income are expected to boost demand for super absorbent polymers.
  • Super absorbent polymer are extensively used in agricultural sector to reduce water consumption and labor cost. It also acts as soil conditioner that helps in overcoming drought scarcity.
  • The rising demand for hygiene and medical goods have fuelled prospects for super absorbent polymer sales growth during COVID-19 pandemic.

Key Restrains

  • COVID-19 pandemic has caused manufacturing and transportation delays owing to travel restrictions. This has negatively impacted the market growth.
  • Non-availability of raw materials in numerous regions and expensive cost of import will hamper market sales orld.

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Competitive Landscape

Companies operating in the super absorbent polymers market are investing in strategic partnerships and collaborations to expand their consumer base and regional presence.

For instance, in September 2019, LG Chem and Archer Daniels Midland Company entered into a joint agreement to develop bio-based acrylic acid used as a base material for manufacturing absorbent polymers.

Evonik Industries AG, in March 2017, launched FAVOR max range for ultra-thin baby diapers that is more absorbent and reliable. Hygiene product manufacturers can further improve product performance.

More Insights on the Super Absorbent Polymer Market

FMI provides an unbiased analysis of the super absorbent polymer market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global super absorbent polymer market with a detailed segmentation on the basis of:

Product Type

  • Sodium Polyacrylate
  • Polyacrylamide Copolymer
  • Others

Application Type

  • Disposable diapers
  • Adult Incontinence Products
  • Feminine Hygiene Products
  • Agriculture Products
  • Others

 Region

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • Middle East & Africa (MEA)

Key Questions Covered in the Super Absorbent Polymer Market Report 

  • The report offers detailed insights into super absorbent polymer demand outlook for 2021-2031
  • The market study also highlights projected sales growth for super absorbent polymer market between 2021 and 2031
  • Super absorbent polymer market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends, evaluation of current market size, and technological advancements within the industry
  • Super absorbent polymer market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

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Infection Prevention Market 2022 Outlook, Current and Future Industry Landscape Analysis 2031

According to a recent study by Future Market Insights (FMI), sales of infection prevention products are expected to top US$ 37.4 Bn in 2021, at a CAGR of over 4.2% during the forecast period (2021-2031).

Rising cases of infectious diseases caused due to the pathogenic organisms such as bacteria, fungi, viruses and other parasitic organism are improving the adoption of infection preventing products.

As reported by the Centre for Disease Control and Prevention (CDC) in 2018, infectious disease is the third most leading cause of death in the U.S. followed by other infectious diseases such as tuberculosis (9,025 cases), salmonella (60,99 cases), Lyme disease (33,666 cases), meningococcal disease (327 cases) and parasitic diseases (15.5 Mn cases).

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Several other factors such as rising incidence of infections acquired while in hospital (often called as Hospital Acquired Infections or HAI), large number of surgical procedures, and increasing cases of chronic diseases among geriatric population have led to higher emphasis on maintaining proper hygiene and cleanliness.

Sudden outbreak of pandemic increased the number of patients in hospital during the FQ-20, elevating the risk of viral transmission amongst them. This in turn has created the demand for infection preventing and controlling options such as the use of hand sanitizers, disinfectants and other such products.

infection prevention market characteristics and attributes with regional relevance 2021

Increase in sales of these infection prevention products is expected to boost the infection prevention market growth in near future. The market registered spike in demand for infection preventive products, especially in emerging economies such as India.

As per Future Market Insights, the India infection prevention market registered highest growth across South Asia, reaching US$ 17.29 Bn in 2021.

Additionally, companies manufacturing infection prevention products have been focusing on developing eco- friendly and sustainable bio-based products with superior efficacy. Drive towards sustainability is expected to strengthen infection prevention market, creating worthwhile opportunities for growth.

Increasing ageing population worldwide has resulted in higher focus on proper hygiene and self-care solutions due to the rise in chronic diseases and onset of COVID-19. Furthermore, increase in consumer spending, improved healthcare infrastructure, rising government and industry investments in research and development activities will create demand for infection prevention product.

Based on the aforementioned factors, Future Market Insights (FMI) estimates that the market is expected to create absolute $ opportunity, exceeding more than US$ 56.39 Bn by 2031-end.

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Key Takeaways from Infection Prevention Market Study

  • By product, sterilization equipment is the most lucrative segment in terms of revenue and is anticipated to grow at a CAGR of more than 4.9% during 2021-2031.
  • Based on end-user, hospitals and clinics segment is leading the market and expected to gain more than 42% of revenue share through 2031.
  • The U.S. is expected to dominate the global infection prevention market in terms of revenue in 2021, followed by the U.K. and Germany.
  • India is expected to be the most lucrative market in terms of revenue across South Asia, accounting for over 50% of market value share in 2021.
  • China holds leading position in East Asia and is expected to account for nearly 48% of market share.

“Backed by the unprecedented outbreak of COVID-19, demand for infection preventing products is increasing. Key players are introducing products made from sustainable and eco-friendly materials to gain competitive edge,” says the FMI Analyst.

Who is Winning?

Some of the leading manufacturers of infection prevention products are focusing on new product development, clinical trials, speedy regulatory approvals, exclusive marketing and distribution licensing agreement strategies, thereby enhancing their market presence.

  • In 2021, a new 3M™ Clean & Protect Certified Badge Program was launched by 3M company. A new comprehensive system designed for effective cleaning and disinfecting solution that cleans, monitors and protects the facilities.
  • In July 2020, Reckitt Benckiser Group PLC in partnership with water.org made provisions for improved access to safe, clean water in Kenya. In the same month, the company received the EPA approval for the first surface disinfectant products tested on the SARS-COV-2 virus.
  • In 2021, Metrex collaborated with Solvay for chemical resistance testing of widely-used disinfectants in healthcare settings.

The key market players covered by FMI include Cantel Medical, Getinge AB, STERIS, ASP (Advanced sterilization Products), Sotera Health, 3M, Ecolab, Halyard Worldwide, Inc. (Halyard health), Matachana Group, Belimed, Inc., Pal International, Reckitt Benckiser Group PLC., Metrex Research, LLC., Terumo Corporation, Ahlstrom Munksjo and Ansell Ltd.

Infection Prevention Market by CategoryBy Product:

  • Sterilization Equipment
    • Low Temperature Equipment
      • Ozone Sterilizers
      • Hydrogen Peroxide Sterilizers
      • Formaldehyde Sterilizers
      • Ethylene Oxide Sterilizers
      • Other Low-Temperature
    • Heat Sterilization Equipment
      • Moist Heat Sterilizers
      • Dry Heat Sterilizers
    • Radiation Sterilization Equipment
    • Liquid Sterilization Equipment
  • Disinfectors
    • Washer Disinfectors
    • Endoscope Repressors
    • Flusher Disinfectors
    • Surface Disinfectants
    • Hand Sanitizers
  • Consumables
    • Sterilization Supplies
      • Sterile Containers
      •  Sterilization Wrap
      • Sterilization Indicators
  • Protective Apparel & Textiles
    • Surgical Gloves
    • Surgical Drapes
    • Surgical Gowns
    • Surgical Masks
  • Infectious Waste Disposal

By End User:

  • Hospitals & Clinics
  • Pharmaceutical Companies
  • Clinical Laboratories
  • Medical Device Companies
  • Life Sciences Industries
  • Academic and Research Institutes

By Region:

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

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Geocells Market Demand, Scope and Future Estimation until 2031

Future Market Insights (FMI), in its recent report titled, “Geocells Market: Global Industry Assessment and Forecast; 2015–2025,” projected global geocells market to exhibit CAGR of 8.8% during 2015 to 2025. Consumption of geocells is projected to reach 428.2 million square meter by 2025 reflecting a CAGR of 5.5% during the forecast period.

Geocells, also known as cellular confinement systems, are three dimensional mats resembling honeycomb structure usually made of high density polyethylene, polypropylene, polyester or other polymeric alloys. These are used in construction sector primarily for earth reinforcement, slope protection, channel protection, load support and tree root protection. Geocells are subset of geosynthetics market and are estimated to represent around 5.6% share in terms of volume consumption in overall geosynthetics market.

The report analyses the global geocells market in terms of market value (US$ Mn) and volume (Million Square Meter) by applications, region, and material type and provides information regarding market dynamics, value chain, competitive landscape, current trends, market estimations and forecast.

Infrastructure development activities, construction sector output and urbanisation trend are some of the macro-economic drivers of the market. Developed economies have formulated regulations concerning erosion control and sustainable infrastructure development. Such regulations and initiatives are identified as underlying driving factors of the market. On the flipside, low awareness of geocells amongst infrastructure developers in emerging economies and competition from substitute products, such as geogrids and geomembranes are identified as minor restraints in the global geocells market.

geocells market characteristics and attributes with regional relevence, 2021-2031
Browse Full: “Geocells Market: Global Industry Analysis and Opportunity Assessment 2015 – 2025” Market Research Report at http://www.futuremarketinsights.com/reports/details/geocells-market From regional perspective, North America and Asia Pacific represented prominent markets for geocells globally in 2014. In terms of market value, geocells market in developing countries is collectively projected to grow at CAGR of 10.2% while geocells market in developed countries is collectively projected to grow at CAGR of 7.4% during the forecast period. Asia Pacific region is expected to be the largest geocells market in terms of value by 2025, followed by North America, Western Europe, and other regions.

From materials perspective, high density polyethylene (HDPE) is extensively used across the globe for geocells manufacturing followed by polypropylene, polyester and other polymeric alloys. HDPE commanded around 68.6% share by value in 2014 and is projected to remain the largest market segment by 2025 with a share of around 64%. Prices for these materials are anticipated to increase over the forecast period owing to increasing energy costs, crude oil prices and complex manufacturing processes.
From application perspective, earth reinforcement, channel protection and slope protection are the prominent applications of geocells which constituted around 86% of market value in 2014 and are collectively projected to exhibit value CAGR of 8.8% over the forecast period. Other applications including load support and tree root protection are collectively projected to exhibit a value CAGR of 8.4% during the forecast period.

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Key market participants covered in the report, include Presto Geosystems, Polymer Group Inc., TMP Geosynthetics, Armtec Infrastructure Inc., Strata Systems Inc., PRS Mediterranean Ltd., Maccaferri S.p.A, ACE Geosynthetics, MiakomGroup of Companies, Wall Tag Pte Ltd., Tensar International Ltd., Tencate Geosynthetics, Admir Technologies, Polyfabrics Australia Pty Ltd., Bonar, ABG Geosynthetics, Huifeng Geosynthetics, SABK International, Wrekin Products, Ltd., CeTeau Group.

Key Segments Covered

Application

  • Slope Protection
  • Earth Reinforcement
  • Load Support
  • Tree Root Protection
  • Channel Protection

Material Type

  • HDPE
  • PP
  • Polyester
  • Other Polymeric Alloys

Region

  • North America (US & Canada)
  • Latin America (Brazil, Mexico & Rest of Latin America)
  • Western Europe (Germany, UK, France, Italy, Spain & Rest of WE)
  • Eastern Europe (Russia, Poland & Rest of Eastern Europe)
  • APEJ (ASEAN, Australia & New Zealand, India, China & Rest of APEJ)
  • Japan
  • MEA (Northern Africa, Turkey, South Africa & Rest of MEA)

ASEAN Automotive Aftermarket Analysis by Size, Share, Growth, Trends up to 2030 : FMI

[231 Pages Report]  The ASEAN automotive aftermarket is forecast to expand at 8.7% CAGR, reaching a market valuation of US$ 21.05 Bn in 2021.

ASEAN Aftermarket Size (2020A) US$ 19.53 Bn
Projected Market Value (2031F) US$ 48.29 Bn
Value CAGR (2021-2031) 8.7%
Collective Value Share: Top 3 Countries (2020) 84.5%

As of 2020, sales in automotive aftermarket accounted for nearly 4.1% of global automotive parts aftermarket demand in ASEAN, which is expected to remain consistent over the forecast period.

In addition to this, Future Market Insights (FMI) has forecast Indonesia to remain a lucrative pockets, with sales growing at a 9.2% CAGR between 2021 and 2031.

The automotive aftermarket in ASEAN is reeling from the COVID-19 impact, however, recovery is likely to be more immediate compared to European and American counterparts, according to a latest study.

Future Market Insights (FMI), an ESOMAR-certified market research firm, in an updated edition of its report, revised the forecast to 8.7% CAGR. This revised forecast takes into account sluggishness induced by the global pandemic.

Key Takeaways of ASEAN Automotive Aftermarket Market Study

  • The ASEAN automotive aftermarket market is expected to grow at 8.7% CAGR over the following decade
  • Demand for automotive aftermarket services to surge from low commercial vehicles (LCV) segment
  • Tires and batteries leading categories in terms of total sales

“Automotive manufacturers are increasingly relying on silicon anode batteries to power electric vehicles (EV), given their greater energy density and better battery life. As such, these batteries are gaining huge traction among OEMs,” says FMI analyst

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COVID-19 Impact on ASEAN Automotive Aftermarket Market

The growth of ASEAN automotive aftermarket market is linearly associated with the regional automotive industry. While the shockwaves of the COVID-19 pandemic are certainly felt across every sector, the automotive industry in ASEAN is potentially facing a significant grunt of it.

While the regional industry was already under pressure, especially in Indonesia and Thailand, acute supply chain disruptions due to COVID-19 outbreak in China is further worsening the situation.

Recent estimates reveal that the ASEAN automotive industry recorded a steep 42% decline in sales during January-May period in 2020. While Philippines topped the chart with 51.1% drop in sales, Malaysia and Indonesia registered 48.9% and 41.2% sales drop respectively. The ASEAN automotive aftermarket market, in turn, is stumbling from these reverberations.

Self-inflating Tires for Better Efficacy in Existing and Futuristic Cars

Over or under-inflated tires diminish fuel efficiency and range for conventional and electric vehicles (EV). As such, companies such as Continental AG have developed self-inflating tire concept that maintains pressure at preferred levels. The technology – C.A.R.E (Connected Autonomous Reliable Electrified) – is closely aligned with the requirements of e-mobility and autonomous driving.

The tires feature in-built pumps attached in the wheels that ensure the tire pressure remains in optimal range for efficiency. This technology is expected to help reduce CO2 emissions as well as slight improvement in average fuel economy. Majority of vehicle owners are focusing on leveraging self-inflating tires concept in a bid to avoid unnecessary maintenance expenses.

ASEAN Automotive Aftermarket Market – Competitive Intelligence

The ASEAN automotive aftermarket market is fairly competitive with, leading players capturing around 30% of the overall market value.

Most of the automotive aftermarket repair service providers in ASEAN countries fail to facilitate customers with a wide range of maintenance and repair services. Consequently, shop owners are focusing on offering specific services, or expanding their service radar. Moreover, small-scale players are forming partnerships with fleet operators and leasing firms to provide optimum maintenance and replacement services at cost-effective prices.

Find More Valuable Insights on ASEAN Automotive Aftermarket Market:

FMI, in its new market research study, delivers an unbiased analysis of the ASEAN automotive aftermarket market which comprises global industry analysis for 2015–2019 and opportunity assessment for the 2020–2030. The report provides complete analysis on ASEAN automotive aftermarket market through three different categories – by category, by vehicle type, and region. The global ASEAN automotive aftermarket market study offers insights of pricing by different life cycle analysis, product life cycle, key market trends and technologies that are being implemented in the development of the ASEAN automotive aftermarket and product adoption in various end-use industries.

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ASEAN Automotive Aftermarket Segmentation

To understand and assess opportunities in the ASEAN automotive aftermarket, we have divided the report into three sections based on market segmentation as under:

By Category

  • Parts
    • Tires
    • Batteries
    • Filters
    • StartersandAlternators
    • Lighting
    • Exhaustcomponents
    • Sparkplugs
    • Lubricants
    • Collisionbody
    • Wear and Tear Parts
  • Accessories
    • Interior
    • Exterior
  • Services
    • General automotive repair
    • Automotive transmission and others

By Vehicle Type

  • Passenger cars
  • Commercial Vehicle

By Country

  • Malaysia
  • Indonesia
  • Philippines
  • Vietnam
  • Singapore
  • Thailand
  • Rest of ASEAN

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ASEAN Automotive Aftermarket Market Outlook & Key Findings

  • The ASEAN automotive aftermarket market is expected to click US$ 19.4 Bn in 2020
  • Manufacturers to reap substantial revenues from automotive aftermarket parts through 2030
  • Passenger cars continues to account for greater demand for automotive aftermarket services over the decade ahead
  • Malaysia, Indonesia, and Thailand to collectively capture over 80% of overall market value

 

Membrane Chemicals Market Analysis by Size, Share, Growth, Trends up to 2031

The membrane chemicals industry thrived on the growing demand from municipal, power, and food & beverages sectors in the past years, while the pandemic outbreak changed the scenario temporarily earlier in 2020. While decline in demand impacted the industry, recovery of food & beverages, chemicals, and other sectors has been key to excel for manufacturers and suppliers since the last quarter of 2020.

The latest revised edition of the ‘membrane chemicals’ market study published by the Future Market Insights (FMI) thoroughly analyze the global industry potential and growth scope. The report also provides detailed insights of new trends and demand-supply patterns across 20+ countries with special emphasis on the leading regions such as North America, Europe, and Asia Pacific during the forecast period of 2021 to 2031.

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Key Takeaways from Market Study

  • The global membrane chemicals industry is forecast to grow at over 6% CAGR through 2031
  • High requirement in wastewater treatment to fuel the sales of manufacturers
  • Requirement for scale inhibitors to gain traction
  • The United States remains the hotspot for industry players in North America
  • Germany to lead in Europe membrane chemicals industry
  • Asia Pacific to emerge fastest-growing industry for membrane chemicals
  • China, Japan, Canada, the United Kingdom, India, Italy, and a few other countries to maintain positive industry outlook

“With the demand for scale inhibitors, dechlorinants, and biocides becoming prominent in filtering solids and other water impurities, industry players are subject to come across lucrative growth scope in the near future,” says an FMI analyst.

How is the Demand from Municipality Sector Boosting the Sales of Membrane Chemical Suppliers?

Various type of membrane chemicals such as coagulates, flocculants, PH adjusters, and scale inhibitors are extensively used in treating vast range of RO/UF/NF/MF membrane foulants and scalants. As a result, these are highly sought-after in municipality sector in order to provide with highly efficient water treatment solutions.

According to the report published by the European Commission (EC), in the Europe municipality sector, most dominant segment is the service one, which represents 60% of all economic activity. As per the report, the main aim of the municipality during the period of 2014 to 2020 was related to integrated sustainable development, increasing the standard of living through utilization of own resources, along with closer cooperation with European Union (EU) institutes. While such initiatives helped in strengthening municipality sector, it also signifies arrival of new opportunities for membrane chemical manufactures around the globe.

Who is Winning in this Space?

The global membrane chemicals industry offers cut-throat competition to key players. In order to sustain their leading positions, key players are focusing on both quality and quantity of their products.

For instance,

  • Veolia Water recently launched its Point-of-Use Water Systems, Point-of-Use Laboratory Water Systems, Point-of-Use Water Purification Systems, and others by incorporating various membrane chemicals in order to target diverse end-use industries
  • GE Water and Process Technologies launched its new ZeeWeed Hollow-Fiber Membranes, LEAP MBR, and others during the last 5 years

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More Valuable Insights

In its latest report, FMI offers an unbiased analysis of the membrane chemicals 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 (scale inhibitors, coagulants & flocculants, biocides, PH adjusters, dechlorinants, and other membrane chemicals), and end use sector (municipality, power, food and beverage, desalination, paper & pulp), across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).

Coated Fabrics Market Latest Advancements and Business Opportunities 2031

The global coated fabrics market is set to be valued at US$ 19,976.7 Mn in 2021, with a stable long-term projection, according to latest insights from Future Market Insights, an ESOMAR-certified research and consulting firm. The report forecasts the global coated fabrics market to grow at nearly 5.1% CAGR during 2021-2031. The report offers analysis in 20+ high-growth markets, providing detailed insights on Coated Fabrics growth will evolve in the next decade.

In its new study, ESOMAR-certified market research and consulting firm, Future Market Insights (Future Market Insights), offers insights about key factors fueling the demand for Coated Fabrics. The report tracks the global sales of Coated Fabrics in high-growth markets, along with analyzing the impact COVID-19 has had on the motor industry in general, and Coated Fabrics in particular.

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Demand for coated fabrics waned in 2020, and due to the economic impact of the unprecedented COVID-19 crisis. However, the manufacturing industry is currently in recovery mode. Considering the possibility of a stimulus in many countries, the long-term outlook on the market remains positive. Rising application in the transportation segment will continue supporting growth. According to FMI, above 34% of sales in terms of application will concentrate in this sector.

This growth is projected to continue over the next years due to increase in the population around the globe and use of coated fabric in day to day life for various activities. Considering this, increase in population and other activities will create scope for application, encouraging growth in the coming years.

Upsurge in demand for protection clothing and safety measures in the transportation in recent years is expected to provide an impetus to coated fabrics sales. Safety and high demand for various purposes of coated fabrics is expected to create substantial growth prospects. Leading players are enhancing their territories. However, contract acquisitions, collaborations and partnerships are some of the key strategies which will drive market players to strengthen their market presence and to gain market share” says FMI analyst.

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The COVID-19 pandemic is currently impacting the global economy at various levels and the impact is seen on coated fabrics market as well.  The market growth is projected to be affected by the COVID-19 pandemic crisis and it is expected to witness a significant drop in demand in 2021. With a number of end-use industries affected in several countries, the growth has also been impacted due to challenges in manufacturing sector. The shortage in demand are expected to result in a significant drop in Y-O-Y growth yet FMI expects Coated Fabrics to grow at 5.1% CAGR through 2031.

Key Takeaways

  • China, Japan, South Korea and ASEAN countries are witnessing high demand for coated fabric
  • China being the largest market in the world, is also expected to hold highest share in the coated fabrics due to presence of strong local base and extensive production facilities and availability of raw materials
  • The U.S. emerges as a leading market, accounting for over 84% sales in North America.
  • Increasing automotive sales will support growth in the U.K., enabling it to exhibit 5.6% y-o-y growth in 2021
  • Germany and France too will record high growth, driven by increasing focus on workplace safety

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Competitive Landscape

The market is moderately consolidated, with key players accounting for significant market share. Some of the key players in the market are Saint Gobain S.A, Bayer AG, PPG Industries, 3M Company, among others. These players are likely to invest in new technologies, especially customized variants, to maintain their market share.

Coated fabrics market is likely to grow at a moderate pace during 2021-2031. However, as it is a matured market, companies are expected to concentrate further on research and development activities to develop specific purpose that meet personalized requirements of end users. Collaboration with regional manufacturers is framed as a prime strategy expected magnify in the forecast.

Electrical Steel Market 2022 | Current and Future Demand, Analysis, Growth and Forecast By 2031

The global sales of electrical steel are set to be valued at over US$ 37.5 Bn in 2021, with a stable long-term projection, according to latest insights by Future Market Insights (FMI). The report estimates the market to expand at over 6.5% CAGR from 2021 to 2031.

According to the annual market analysis conducted by Future Market Insights, expansion of the energy and automobile industries has led to heightened demand for electrical steel products. Rapid technological advancements in production technologies are also projected to complement market growth over the coming years.

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In spite of the recessionary effect of the COVID-19 pandemic in 2020, the overall steel industry in terms of production and supply has largely remained unaffected. With the continual demand from the energy industry, growth of electrical steel in the coming decade is expected to reflect an upward trajectory for the foreseeable future.

global electrical steel market overview, 2021e

Demand for electrical steel is increasing with the rise in the volume of transformer and motor production and sales in recent years. This can be attributed to an increase in investments and expansion of new power generation and transmission projects in developing nations.

The growing requirement of mass production has resulted in increased importance of process automation in the electrical steel market. The market is shifting towards Industry 4.0 norms, leading to the promotion and universal adoption of new production technologies.

There is also an increasing demand from energy and automotive industries for deployment of electrical steel in various applications. Increasing number of players focusing on research and development related to electrical steel is anticipated to have a significant contribution towards market growth in the years to come.

Key Takeaways from Electrical Steel Market Study

  • Grain-oriented electrical steel is projected to hold over 51% percent of the global market share in 2021, supported by superior structural characteristics.
  • The energy sector is projected to hold over 33% of the overall market share as an end-user by 2031-end, supported by major investments into renewable energy projects.
  • The U.S. will remain a chief market, backed by rising demand from the energy sector. It is expected to account for over 86% of demand registered in North America in 2021.
  • The markets in India and China are set to surge at around 8% and 7% CAGR over the next ten years.
  • Russia is emerging as a key market in Europe, accounting for over US$ 2.1 Bn in 2021, driven by a massive energy infrastructure requirement.

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“The electrical steel market is growing at a strong pace driven largely by increasing demand from the energy industry for applications in motors, transformers, and components. The increasing investment in power generation and transmission projects will create extensive opportunities for electrical steel manufacturers. Key industry participants are investing in expansions, strategic alliances, partnerships, and material innovations to gain a competitive advantage in the evolving global market. These partnerships will allow companies to improve their production capacity and strengthen their technical expertise,” says a Future Market Insights analyst.

Competitive Landscape

The electrical steel market is moderately consolidated, with key players accounting for more than 50% of the market share. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares.

Some of the key players in this industry include but are not limited to Novolipetsk Steel, Voestalpine Stahl GmbH, POSCO, Nippon Steel & Sumitomo Metal Corporation, ThyssenKrupp AG, JFE Steel Corporation, ArcelorMittal SA, Aperam SA, Baosteel Group, AK Steel Holding Corp, Allegheny Technologies, Inc., Phoenix Mecano AG, and Steel Authority of India Limited.

Find More Valuable Insights

The research report analyzes demand for electrical steel. The global electrical steel market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends and market background. As per Future Market Insights, the market has been analyzed on the basis of product type, application, end-use, 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 factors.

Key Questions Answered in the Report

  • What is the current valuation of electrical steel market?
  • At what rate will the Japan electrical steel market grow?

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Vapour Recovery Units Market 2022 Expectations & Growth Trends Highlighted Until 2029

Vapour recovery units arrest vapour escaping from storage tanks, and help reduce VOC emissions by nearly 90%. Growing government restrictions and new regulations on the levels of VOC emissions are anticipated to elevate the sales of vapour recovery units across the world. These units also play a major role in reducing loss of crude oil through storage tanks in upstream and downstream operations. As a result, notable growth in crude oil storage tanks across the globe is projected to fuel the sales of vapour recovery units over the coming years. According to a recent research report published by Future Market Insights, the vapour recovery unit market was valued at US$ 878 Bn in 2018, and expected to register a decent CAGR of more than 5% during the forecast period of 2019-2029.

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“North America and Europe are anticipated to retain their prominent shares in the market throughout the forecast years, due to their established markets for upstream and downstream applications. However, APEJ and MEA are anticipated to provide lucrative growth opportunities on the back of development of the oil & gas sector in these regions.”

Key Takeaways of Vapour Recovery Unit Market Study

  • Growing production and consumption of oil has resulted in a rise in the number of oil exploration units and refineries across the globe. Increment in storage batteries and tanks, in turn, is anticipated to propel the demand for vapour recovery units during the foreseen period.
  • Price volatility of crude oil and increasing loss of oil due to vapour escape from storage vents will to fuel the requirement for vapour recovery units. These units restrict crude oil wastage due to vapour loss; hence, their utilization is anticipated to increase in upstream as well as downstream applications in the coming years.
  • Environmental regulations regarding VOC emissions have become stricter across the European Union and North America. Increasing greenhouse emissions and commitment of various organizations towards sustainable development are anticipated to further motivate end users to ensure strict adherence to guidelines and regulations. The use of vapour recovery units helps these manufacturers meet these standards of emissions.
  • North America and Western Europe are anticipated to hold substantial share in the market. The prominence of potential VRU manufacturers in these regions will spur market growth.
vapour recovery unit market share by region

Vapour Recovery Unit Market: Competitive Landscape

The vapour recovery unit market is highly fragmented, with the presence of numerous players across the globe. Different players in the market have substantial sales footprint in specific regions. These players include John Zink Company LLC, Zeeco Inc., and Gardner Denver Holdings Inc. Key players are adopting market strategies such as sales channel development, business partnerships with prominent players, as well as development of more advanced and efficient products that can meet emission standards.

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Know More About Vapour Recovery Unit Market Report

The research report provides analysis of sales by total volume (Units) and value (US$ Mn), with the market being bifurcated according to technology, application, process, and end use, across four regions. The report also includes global competition analysis with the sales footprints of key players, regional competition landscape, and competition dashboard, and provides a competition analysis section that includes market footprint analysis, structure analysis, competition development, competition dashboard, and other crucial information about global and regional players in the vapour recovery unit market. Future Market Insights also includes forecast factors such as GDP forecast, oil and gas industry upstream production, downstream production, as well as developments and technology advancements by market participants.

FREQUENTLY ASKED QUESTIONS ABOUT VAPOUR RECOVERY UNITS MARKET

What is the growth outlook of the vapour recovery units market?

Vapour recovery units are vital for the oil & gas industry, as these are used to restrict loss of crude oil from storage tanks through restriction of vapour. With regulations imposed on reducing VOC emissions and greenhouse gas emissions, the demand for vapour recovery units solutions is expected to rise substantially during the forecast period.

Which segment will gain healthy traction over the coming decade?

By application, marine loading and railcar loading are expected to register substantial growth rates, attributable to increasing consumption of crude oil in these sectors. Extensive usage of VRUs in upstream applications and high cost of these units in upstream are anticipated to spur the growth of the upstream segment.

Which trend will shape the global vapour recovery units market?

In recent years, a shift in consumer preference is being observed from vapour recovery units with condensation technology to those with membrane separation technology. Membrane separation technology VRUs provide a higher recovery rate and extensive reduction in maintenance cost.

What is the degree of competitiveness among players in the global vapour recovery units Market??

The global vapour recovery units market is fragmented, due to the presence of numerous players in the global market. Multiple players have prominence in specific regions, but some players have global coverage due to their export businesses. Players such as Zeecon Inc, Gardner Denver Holdings Inc., and John Zinc Company LLC are identified as tier-1 players.

Which region offers considerable growth opportunities for players in the vapour recovery units market?

APEJ is anticipated to offer lucrative opportunities for the global vapour recovery units market. Milestone oil & gas industry developments on the back of intense consumption in markets such as China and India are expected to reinforce the sales of vapour recovery units in the APEJ region. With immense potential for oil & gas exploration activities, the market of MEA is also expected to flourish during the slated course of time.

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Benelux power tools Market 2022 Assessment and Key Insights Analyzed Till 2026

Power tools continue to witness steady demand in Benelux, with 10 million units expected to be shipped in 2016, up from 9.8 million units in 2015 – a y-o-y growth rate of 2.5%. The Benelux power tools market was valued at US$ 826.4 million in 2015, and is expected to reach US$ 859.1 million in 2016. Industrial power tools will continue to outsell household power tools, and account for 57.6% revenue share of the market in 2016.

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Demand for power tools will continue to be strong from the construction sector, as Benelux’s housing sector witnesses another year of relative stability. The real estate sector in Benelux wasn’t as severely impacted by the crash of 2007-08, as it did not participate in the ‘bubble’ preceding the crash.

Growth of the Benelux power tools market will also be supported by rising adoption in the Union’s automotive sector. While availability of durable and cost-effective power tools will drive overall demand, the growing DIY trend will ramp up adoption in the consumer segment. Increasing penetration of Chinese products is also expected to play an important role in driving sales in 2016 and beyond.

On the basis of mode of operation, electric power tools will continue to remain the highest selling power tools, with 5.8 million units expected to be shipped in 2016, up from 5.7 million units in 2015. On the other hand, pneumatic power tools, also known as air tools, will continue to gain popularity among DIYers, owing to their compact size and relatively lower price.

Netherlands will continue to be the largest market for power tools in Benelux, with total volume expected to reach 5.5 million units in 2016. The Netherlands power tools market is expected to be worth US$ 470.0 million by 2016-end, witnessing a growth rate of 3.7% in 2016 over 2015. Belgium, the second largest market for power tools in Benelux, will witness total sales worth 359.2 million in 2016.

Robert Bosch GmbH, Atlas Copco AB, and Makita Corporation are the key global players in the Benelux power tools market. The key strategy of these players is enhancing product portfolio by manufacturing convenient, high-performance and advanced technology equipment. Metabowerke GmbH, FERM B.V., and Einhell Germany AG are prominent local players in the Benelux power tools market. Strong distribution networks and low cost are the go-to strategies of these players to compete with global players operating in Benelux power tools market.

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Drivers and Trends

Growth of the power tools sales in Benelux is influenced by several macroeconomic and other factors such as rising investments in housing sector in Benelux, increasing automotive sales, increasing consumer confidence index, emergence of durable and cost-effective multi-functional power tools and growing online retail sales.

Key trends identified in the Benelux power tools market are rising consumer inclination towards power tools over hand tools, increasing sales of professional power tools, increasing penetration of Chinese products in Benelux market and move from corded to cordless tools.

Key Countries

The market research report includes in-depth opportunity analysis of power tools market in Belgium, the Netherlands and Luxembourg. The Netherlands is projected to dominate the market throughout the forecast period. Belgium is expected to be the next major market after Netherlands with an estimated value share of 41.8% by 2016 end.

Luxembourg power tools market is anticipate to hold minor share in overall Benelux power tools market. The market in Luxembourg is expected to be the fastest growing, expanding at a CAGR of 6.0% in terms of volume.

Long-term Outlook: 

FMI forecasts the Benelux power tools market to witness a moderate growth rate of 3.9% in terms of value during the forecast period (2016–2026). In terms of volume, the market is anticipated to increase at 2.2% during the forecast period, 2016-2026.

Key Segment

By End Use

  • Industrial Power Tools
  • Household Power Tools

By Mode of Operation

  • Electric
  • Pneumatic
  • Others

By Country

  • Belgium
  • Netherlands
  • Luxembourg

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Barcode Printers Market projected to register a CAGR of 7.4% in terms of sales over the forecast period of 2022 to 2026

According to a recent market report published by Future Market Insights titled, “Barcode Printers Market – Global Industry Analysis & Opportunity Assessment, 2016-2026,” revenue generated from sales of barcode printers globally is estimated to be valued at US$ 2,758.0 Mn and pegged at 3,086.8 ‘000 units by 2016 end. It is expected to increase at a CAGR of 7.4% over the forecast period (2016–2026), to be valued at US$ 5,656.1 Mn by 2026 end. In terms of volume, the global barcode printers market is projected to be pegged at 5,384.3 ‘000 units by 2026 end, expanding at a CAGR of 5.7% over the forecast period.

Barcode printer is defined as an electronic device designed specifically for printing of barcodes. The working principle and built of a barcode printer is slightly different from computer printers as it uses ribbons and labels working in tandem to get a barcode printed. Barcode printers usually don’t have programmable logic controllers on their own, but rely on an external computer system.

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Growth in the manufacturing sector is reviving after the 2008 economic crisis. Automation and streamlining of manufacturing processes are being adopted by a large number of manufacturing companies worldwide to reduce time and material wastage, thereby improving efficiency and output. Barcoding is one such technique that is increasingly being adopted. This process has reduced production time considerably in the manufacturing process, thereby driving demand for barcode printers.

Barcodes have become the de facto standard for product information storing and labelling. Retailers worldwide use barcodes for hassle-free recording of supplies and commodities and their sale to customers. Barcodes imprinted on labels are stuck to the products and they record information about the product count, date of manufacture, date supplied to the retailer, selling price, etc.

When these products are scanned, the information is retrieved and monitored. This entire process, which is achieved within a matter of seconds, not only increases efficiency but also minimizes errors. This has helped retailers record their products and inventory on shop floors and warehouses.

However, threat of RFID tags as substitutes to barcode labels and low compatibility of barcode printers with different operating systems act as restraints in the global barcode printers market.

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Segmentation highlights

The market is categorically divided into six segments based on printer type, printing technology, consumables, application, distribution channel, and region. The printer type segment of the barcode printers market includes Desktop Barcode Printer, Industrial Barcode Printer, Mobile Barcode Printer and Others.

On the basis of printing technology, the market has been divided into Thermal Transfer, Direct Thermal, Dot Matrix, Laser and Ink Jet. On the basis of Distribution Channel, the market is segmented as Direct-to-End User, Direct-to-OEM, Dealer/Distributor and Systems Integrator. On the basis of application, the market has been divided into industrial/manufacturing, transportation/logistics, retail, healthcare, government and commercial services.

  • The Industrial Barcode Printer segment holds the highest market share of 46.1% closely followed by Desktop Barcode Printer in the Barcode Printers Market. The Industrial Barcode Printer segment is also expected to dominate in the forecast period with a CAGR of 8.3% due to a preference of sturdy and rugged barcode printers with higher productivity.
  • Thermal Transfer segment holds the highest market share amongst all with 62.8% and is expected to improve further in the forecast period owing to very less cost involved, while Dot Matrix, Laser and Ink Jet printing technologies are least preferred technologies and are on the verge of being phased out.
  • Dealer/Distributor is the most preferred supply channel and is expected to dominate in the future due to higher distribution efficiency, low supply costs and faster delivery times.

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Regional projections

North America and Western Europe are the most promising regions for the growth of the market owing to higher preference of barcoding technology in different applications, while the market in the Latin America region is on a slow and stagnant growth due to low adoption of barcoding technology. The growth of the Barcode Printers market in APEJ region may also grow at a slower pace due to saturation and slow down of manufacturing sector in China.

Vendor insights

Major players identified in the Barcode Printers market are Zebra Technologies Corporation, Avery Dennison Corporation, Oki Electric Industry Co., Ltd., Toshiba TEC Corporation, and Honeywell International, Inc. committing a combined market share of over 50%. Other major players are SATO Holdings Corporation, Printronix, Inc. and TSC Auto Id Technology Co., Ltd. supplying to various end use industries and sectors.