Market Research Blog – Page 14628 – New Product Development

Polishing/Lapping Film Market Key Players, Applications, Outlook, SWOT Analysis And Forecasts By 2028

A polyester based sheet powder that is covered with precisely graded minerals including silicon oxide, aluminium oxide, silicon carbide, cerium oxide, or diamond is known as a Polishing / Lapping Film. Lapping films are abrasive consumables that are coated with precision and are used for polishing and processing optical fiber connectors. The Polishing / Lapping Film is mainly used in polishing and finishing materials that are hard to grind which include exotic alloys, ceramics, carbide, composites, hardened metals, and others. The Polishing / Lapping Film is utilized where close tolerances are required, for polishing and micro finishing. The substrates that are used in Polishing / Lapping Film are plastic, glass, and metal.

Polishing / Lapping Film is used commonly in fiber optic connectors, medical devices, electronics components, precision instruments, hard disk drive, micromotors, waveguides, mobile handheld case, displays, glass cleaning and repair, finishing and repair, glass edge polishing, and others. The Polishing / Lapping Film possesses versatile attributes such as ability to help change grades in less than a minute, eradication of chatter and traverse marks which help in the reduction of rework and rejects, saving the downtime on multiple grade sequences, higher cut rate, superior durability, micro replicated abrasives, ability to help achieve fine finishes, and others. Owing to these features along with its wide range of application, Polishing / Lapping Film market is expected to witness a demand escalation amongst the industries.

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Dissecting the Polishing / Lapping Film Market for Evaluating Promising Segments

The Polishing / Lapping Film market is fragmented based on types that include metallized film, stretch film, shrink film, and adhesive film. On the basis of the raw materials, the Polishing / Lapping Film market is segregated into segments which include LLDPE, poly vinyl chloride, polyamide, PE and laminated materials. The market of Polishing / Lapping Film can be segmented based on its usage including segments such as food and cling film, medicine film, packaging film, and others.

Geographical Analysis to Examine the Global Spread of the Polishing / Lapping Film Market: APEJ Region to Project Increasing Demand

The Polishing / Lapping Film market is spread across the globe with its presence in the key regions. Regions including Latin America, North America, Western Europe, Middle East and Africa (MEA), Japan, Eastern Europe, and Asia Pacific Excluding Japan (APEJ) are assessed for understanding the regional coverage of the market of Polishing / Lapping Film. Owing to the increasing investments in the APEJ region and its manufacturing units, the Polishing / Lapping Film market is anticipated to witness a surging demand from the APEJ region. With the market in China and India being on a growing stage, the market for Polishing / Lapping Film is expected to be fueled in these countries during the forthcoming decade.

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Competitive Analysis to Evaluate the Contribution of Polishing / Lapping Film Market Participants

Market players known to contribute to the healthy growth of the Polishing / Lapping Film market include Haining Fusen Tape Co., Ltd., Fiber Instruments Sales Inc., Henan Union Abrasives Corp., Futamura Chemical Co., Ltd., Lee Valley Tools, Nantong Huaao Plastic Co., Ltd., 3M Electronics, Kemet International Ltd. Precision Fiber Products, Inc., and others.

The research report on Polishing / Lapping Film market 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 on Polishing / Lapping Film market provides analysis and information according to market segments such as geography, technology and applications.

Segmenting the Polishing / Lapping Film Market Based on Key Elements

Polishing / Lapping Film market can be segmented on the basis of types, including:

Stretch film
Metallized film
Adhesive film
Shrink Film

Polishing / Lapping Film market can be segmented on the basis of type of raw material, which include:

li>Poly Vinyl Chloride
Polyamide
PE
LLDPE
Laminated Materials

Polishing / Lapping Film market can be segmented on the basis of type of usage, which include:

Packaging film
Food and medicine film
Cling film
Others (Photovoltaic film, shipping labels, etc.)

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The Polishing / Lapping Film market 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 on Polishing / Lapping Film market also maps the qualitative impact of various market factors on market segments and geographies.

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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Footwear Adhesives Market Current Scenario Trends, Comprehensive Analysis and Regional Forecast to 2027

Footwear adhesives are of significant importance in the manufacturing of footwear. Their primary use is in the principle area of sole attachment. Footwear adhesives present a more conventional solution for sticking soles and other parts of footwear over traditional methods, such as stitching and pinning. The up-heave in demand for high fashioned footwear is anticipated to have a major influence on the overall footwear adhesives market throughout the forecast period. Footwear adhesives are sticky in nature, exhibit high-quality bedding properties, and are considered to be rock-solid sealants. Properties, such as moisture curing, thermal coefficient of expansion and resistance to multiple elongations under various loads have created remarkable opportunities for the footwear adhesives market across the globe.

Footwear adhesives can be customized as per the industrial requirement. The increasing demand for footwear adhesives as sealants has led to significant growth opportunities in a number of countries. Relatively durable and high-performing material footwear adhesives offer strength to footwear, with efficient workability.

Special care is taken in footwear industries to modify practices in the manufacturing of footwear adhesives to avoid its hazardous effects on manpower. On this note, manufacturers are expected to incline towards the usage of water-based footwear adhesives over solvent-based ones over the forecast period.

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Footwear Adhesives Market: Region-Wise Outlook

Geographically, the Asia Pacific region holds a remarkable share in the production of footwear. Emerging countries, such as India, China, and Japan are expected to witness sturdy growth in the footwear adhesives market. Whereas, developed countries, such as those in North America and Europe are expected to exhibit moderate growth in the market. Countries in Latin and Central America, such as Brazil and Mexico are expected to hold a fair share of the market in the coming future. A major shift of footwear manufacturers from Vietnam to Bangladesh and China for economic production has switched the focus of footwear adhesive industries towards these regions.

Footwear Adhesives Market: Market Participants

Examples of some of the market participants in the footwear adhesives market, identified across the value chain are:

H.B. Fuller
Jubilant Industries Ltd.
Henkel (China) Investment Co. Ltd.
Chadha Corporation Pvt. Ltd.
Eastman Chemical Company
Chemical Technology Pty Ltd.
Great Eastern Resins Industrial Co. Ltd.
Bostik Ltd.
Artecola Química
KECK Chimie

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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Footwear Adhesives Market: Segmentation

The footwear adhesive market can be segmented on the basis of product type:

Solvent based footwear adhesives
Water based footwear adhesives
Radiation cured (UV/EB) footwear adhesives
Hot melts footwear adhesives

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Titanium Dioxide Market In-Depth Analysis, Growth Strategies and Comprehensive Forecast to 2027

Titanium dioxide is a naturally occurring mineral, whose chemical formula is TiO2. Titanium dioxide is processed and refined in a very fine powder after it is mined from earth. It is produced either by sulphate or by chloride process. Rutile, ilmenite, brookite and antanese are its natural forms, which are available as bulk crystals.

The U.S. Food and Drug Administration (FDA) has declared titanium dioxide as GRAS i.e. Generally Regarded As Safe for consumption. FDA also allows use of food grade titanium dioxide usage up to 1 %, without declaring it on product’s labels. In many consumer products such as personal care and food; titanium dioxide is used as a common additive. Titanium dioxide also provides smooth texture to products such as chocolates and doughnuts, whilst provides abrasive texture in products such as toothpastes and lotions.

It is also used to brighten the color of the products whether it be food or personal care. The titanium dioxide nanoparticles are the second most produced nanoparticles in the world. Nanowires and nanotubes made by titanium dioxide are high performance materials. Titanium dioxide imparts brightness, opacity and whiteness when used as a coating. It is extensively used as a white pigment in the paint industry.

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Global Titanium Dioxide Market: Segmentation Overview

The titanium dioxide market can be segmented on the basis of its applications. Titanium dioxide is used in the production of various cosmetic products such as creams, toners etc. The property of reflecting UVA and UVB radiations of the sun makes titanium dioxide a key ingredient for sunscreen lotions. It is also used in the manufacture of different construction materials such as fibers, paints, coatings etc. Titanium dioxide is used in food industry as an food additive and coloring agent. It also increases shelf life of various food products which are sensitive to UV radiations. Dairy products such as mayonnaise, yogurt etc. also contain titanium dioxide. The photo catalytic activity of titanium dioxide diversifies the scope of its applications in various industries such as automobiles (manufacturing of side mirrors). It is used for coating glass and cement. Titanium dioxide has replaced lead in the paint industry and is also used in the production of cleaning products used in households. Titanium oxide is used in the packaging industry for making light weight films. Other applications of titanium dioxide are preparation of printing inks, artificial fiber, rubber and semiconductors. Titanium dioxide market can be segmented on the basis of form i.e. Antanese and Rutile. Rutile titanium dioxide pigments are preferred over antanese because they are more stable and they scatter light more efficiently.

Global Titanium Dioxide Market: Regional Outlook

The global iron oxides and hydroxides market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA). The APEJ region, holds a significant market share of titanium dioxide owing to the growth of cosmetic industry. The market in North America and Europe, is more inclined towards increasing consumption of titanium dioxide for construction of sustainable habitats using innovative materials manufactured from titanium dioxide such as paints and surface coatings. Furthermore, the robust growth of construction materials such as abrasives, adhesives and sealants, wherein titanium dioxide is the key chemical ingredient, aids in boosting the titanium dioxide market in the aforesaid regions.

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Global Titanium Dioxide Market: Prominent Market Players

DuPont, Huntsman, Evonik, Argex Titanium, Tronox Limited, Henan Billions Chemicals are some of the prominent players in global titanium dioxide market.

Global Titanium Dioxide Market: Market Segmentation

On the basis of application:

Food
Beverages
Cosmetics
Manufacturing

On the basis of form:

Rutile grade
Antanese grade

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Monocalcium Phosphate Market Size, Growth Analysis Report, Forecast to 2027

Monocalcium Phosphate is a chemical compound with chemical formula Ca(H2PO4). It contains phosphate, calcium and hydrogen. It is a white or gray powder with an average hygroscopic property and is soluble in water. Monocalcium phosphate is formed from specially prepared phosphoric acid and calcite material. It is made from natural minerals causing reactions forming quality phosphoric acid which has to be mined, refined and purified. Specified intake of monocalcium phosphate or other phosphate salts is proved to be beneficial for the body and health of human and animals.

Monocalcium phosphate is a leavening agent, and the additive for domestic animals and birds feed. It benefited the animals as phosphorous and calcium are important for the bone formation and strong skeletal development. It helps in the functional improvisation of the animal organism, protein metabolism, reproduction system, nervous system and immunity system.

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Global Monocalcium phosphate: Segment Overview

The monocalcium phosphate is used in wide variety of applications and industrial processes. The monocalcium phosphate market is segmented on its physical forms, applications and functional use. In physical forms, the monocalcium phosphate is segmented into powdered and liquid form depending on the food or applications.

Based on its applications, the monocalcium phosphate is used in agriculture as a fertilizer, in food production in bakery products such as cakes, dough, cookies, energy powders, malted milk powder, and canned food, in beverages and animal feed and other industries.

Based on its functional use, monocalcium phosphate is used as a food additive in packaged food, beverages, leavening agent. It is also used as an acid component.

Global Monocalcium phosphate: Regional Overview

The market for the global monocalcium phosphate market its presence in the regions including Latin America, North America, Europe- Eastern and Western, Asia Pacific, Japan and the Middle East and Africa. Owing to rapid development in the agriculture and food industries, the Asia-Pacific market is expected to have significant CAGR in the forecast period. The China by its monocalcium phosphate production and consumption is leading followed by North America and Europe. The monocalcium phosphate market is anticipated to perform well shortly owing to the shear versatility of applications in food, agriculture and beverage industry and growing meat consumption rate in India and other Asia Pacific regions. The market suffers heavily due to political instability in the regions of the Middle East and Africa.

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Global Monocalcium phosphate: Market Players

The prominent players of the monocalcium phosphate market includes

PhosAgro, EuroChem, Mosaic, Fosfitalia Group, Lomon Company Co. Ltd, Sichuan Chuanheng Chemical Corporation, TIMAB, Wengfu Group, AB “ Lifosa,” GC Ingredients Inc., Elixir Group Doo, Lianyungang Yunbo Chemical, Guizhou Zerophos Chemical, Guangxi Guilin RongDe Chemicals, Orientphos Chemical, Nanjing Jiayi Sunway Chemical

Global Monocalcium phosphate Market: Segmentation

By physical forms

Powder
Liquid

By Applications

Fertilizers
Food Production
Beverages
Animal Feed
Bakery
Other

By Functional Use

Additive
Leavening agent
Acid component

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Yogurt Powder Market 2022 Outlook, Current and Future Industry Landscape Analysis 2031

The demand for powdered yogurt in food processing sector for dairy nutrition is gradually increasing. This can be associated with plentiful health benefits related to the consumption of yogurt based products. Future Market Insights (FMI) has predicted in a new study that the yoghurt powder market will reach US$ 211.6 Mn by the end of 2021. The increasing inclination among consumers towards probiotics, specifically among people facing digestive issues, is estimated to bode well for the yogurt powder market.

Nowadays, consumers prefer buying clean label products. Also, yogurt has proven benefits for skin. This has increased the demand for yogurt, but real yogurt is difficult to use. Hence it is being replaced with dehydrated yogurt or yogurt powder as the nutritional composition is the same but yogurt powder is easier to handle and has a longer shelf life. This demand for yogurt powder is expected to increase in the coming years at a CAGR of 7.5%.

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The use of cosmetics, toiletries, and personal care products has always been on the rise. However, the use of organic and/or natural ingredients such as yogurt powder for the preparation of these cosmetics and personal care products has increased in the recent years. This is due to the increasing concern of consumers about the products and the awareness of various labels. Yogurt powder has several beneficial properties such as skin moisturizing and anti-aging properties. It also has anti-fungal properties and is included in hair treatments. These factors have been supporting demand from cosmetics & personal care industries

However, application in food industry will remain the highest through the course of the forecast period. In fact, the food sector is expected to continue accounting for the lion’s share of the market. The increasing use of yogurt powder in dips & dressings, bakery, nutrition & snack bars, frozen novelties, and other food products will keep the demand from the food and beverages industry high through the forecast period.

Key Takeaways from the Report

Yogurt powder market will exhibit 6.7% Y-o-Y growth in 2021, thanks to increasing demand from food, beverages, and cosmetics & personal care sectors
The demand from the U.S. will remain significantly high. The U.S. is expected to hold over 79% of the market in North America
The U.K. will emerge as a key market in Europe, exhibiting 8% Y-o-Y growth in 2021
Besides the U.K., Germany and France have emerged as lucrative markets for yogurt powder in Europe
In East Asia, demand from Japan and South Korea will account for significant sales of yogurt powder

New and innovative products are high in demand in the market. The consumption of yogurt has increased in the past few years. In Europe and North America, the yogurt consumption was already high, recently the demand is picking up in Asia and the Middle East countries. For instance, the different types of yogurt such as Greek Yogurt is increasing.

Some of the key product launches witnessed over the last few years were:

In 2014, Glanbia Nutritionals released OptiSol 1061 greek yogurt powder in Americas. OptiSol 1061 is a patent-pending element that enhances the authentic flavor, different, and health halo of Greek yogurt to an extensive range of food and beverage applications, according to Glanbia, adding the powerful health advantage of 60% protein generates new application opportunities for Greek yogurt and protein inclusions.
Glanbia Nutritionals and Epi Ingredients have introduced new yogurt powder options that have high protein content of 60% with the considerably a lesser amount of fat content. The products have been getting a sturdy consumer base inside the food processing and foodservice sectors. Significant uses of high-protein yogurt powder lies in cereals, dry mixes, and nutritional bars and in energy drinks. Nutrition/protein bars and Sports drinks have been mentioned as relatively extra lucrative categories for the producers of yogurt powder.

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Who is winning?

Some of the key players operating in the yogurt powder market are, Kerry, glania nutritionals, Epi Ingredients, EnkaSut, Prolactal GmbH, Bempresa Ltd, Easiyo Products, CP Ingredients, Schwarzwaldmilch GmbH, Ballantyne Foods, Armor Proteins, Almil AG, Bluegrass Dairy & Food, Ornua Co-operative Limited, and other players. The market players are focusing on new launches, enhancing supply chain technology, acquisitions and labeling to gain competitive advantage. For instance:

In 2019, Kerry group has invested in enhanced supply chain technology solutions to support its international business in an increasingly complex trading environment.
In November 2020, the Kerry group announced the acquisition of Bio-K Plus International Inc., a probiotic company.
In 2019, Epi Ingredients launching a new crispy indigrient which will be unique in the world of ingredients and will be known as socrispies which will come in two varieties: a nutrition-oriented formulation containing 100% dairy proteins and, an indulgence-focused formulation featuring the company’s flagship yogurt powder.
In August 2020, the company’s subsidiary Glanbia Nutritional shas acquired Food arom, custom flavor designer and manufacturer in Canada.

Get Valuable Insights into Yogurt powder Market

Future Market Insights, in its new report, presents an unbiased analysis of the global plant-based nuggets market, covering historical demand data and forecast figures for the period between 2020 and 2030. The study divulges compelling insights into growth witnessed in the market. Based on end use, yogurt powder market is segmented into Household, HoReCa, and Industrial. In terms of product Type, has been classified into Skimmed Yogurt Powder, Semi-Skimmed Yogurt Powder, and Whole Yogurt Powder. Regionally, the market covers North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa.

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Compressor Oil Market is expected to grow at a positive rate during the assessment period from 2021 to 2031

Surge in demand for synthetic compressor oil from the power generation industry is expected to contribute significantly towards the growth of compressor oil market, finds Future Market Insights (FMI) in a study. According to the report, the market is forecast to exhibit a CAGR of 4.6% by 2031. Growth will continue, especially as the demand for un-interrupted power supply leads to increased spending on power infrastructure. As per FMI, synthetic oil will account for over 50% of sales in 2021. Bullish growth is on cards despite a period of temporary lull following curbs imposed amid COVID-19.

Moreover, the steady recovery of oil & gas industry from downturn is likely to augment sales in the global compressor oil market. The oil & gas industry was heavily impacted owing to muted demand from end-use industries amid ongoing pandemic. Recovering oil & gas demand owing to return of industrial activity is likely to help global compressor oil market grow during the forecast period.

Compressor oil is a highly formulated refined base oil, which contains relatively high performer additives to promote lubrication in various types of compressors. They are available in four different types on the basis of oil types such as synthetic, bio-based, mineral, and semi-synthetic compressor oils. These are designed to provide a long service life, thermal stability, outstanding oxidation performance, resistance to rust & corrosion, controls foam, and water separation and other benefits.

Thermal stability and oxidation resistance of these oils can help to maintain cleaner compressors, thereby enabling long running periods between scheduled maintenance and oil change. The requirement of compressor oil varies considerably based on the compressor type, the environment in which it is used, and the type of gas that is being compressed. These factors will prove crucial for continued growth of the global compressor oil market.

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Key Takeaways from Compressor Oil Market Study

Driven by the rising demand for reliable & continuous power supply, the compressor oil market will continue expanding, reaching a valuation of US$ 9,298.7 Mn by 2031
Expansion of power generation and the oil and gas sectors is giving tailwinds to growth in the U.S., which will continue account for over 75% of sales by 2031
Increasing manufacturing activities are identified as chief drivers of the China market, enabling y-o-y growth at 6.6% in 2021
Germany and France too will report impressive recovery following a period COVID-19 induced slowdown in the Compressor Oil market
India’s contribution towards South Asia Pacific market will continue rising, trailed by ASEAN.

“Compressor oil market has a consolidated vendor landscape, primarily dominated by the manufacturers of synthetic oil. Competition however is likely to increase and to gain edge market players are expected to focus on expanding their production capacity. Besides this, some are even undertaking strategic collaborations to expand their footprint globally,” said a lead analyst at FMI.

Compressor Oil Market: Participant Insights

Key manufacturers in the Compressor Oil market, like ExxonMobil Corporation, Royal Dutch Shell Plc., BP Plc, Chevron, Total SA, Sinopec, DOW inc., Fuchs Petrolub AG, BASF SE, Atlas Copco Ltd., Croda International plc, Sasol Limited, UltraChem Inc., Castral, The Refrigerant Oil Company Pty Ltd, Petro‐Canada Lubricants Inc., Carol Petroleum Pvt Ltd, The United Oil Company Inc., Carol Petroleum Pvt Ltd, Kluber Lubrication, ICHIRO CORPORATION CO LTD, JAPAN and others are focused on strengthening their product portfolio and expanding their market footprint through acquisition of smaller companies in the market.

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Rising Application across Diverse Sectors Remains Key Growth Driver

Increasing demand in oil & gas, power, automotive, and other industries has resulted due to a number of factors such as increasing consumer power, focus on sustainability, urbanization, consolidation, and a growing middle class population. These changes are propelling the demand for investments and economies of scale, which is creating up significant opportunities for compressor oil.

Compressor oil is characterized by rising living standards of people across the globe and increasing household investment in several appliances like refrigerators, AC, and others. These appliances require compressors. Thus, the sales of compressors are anticipated to rise significantly in the near future which will boost the demand of compressor oil. Hence, the rising demand for consumer appliances and increasing industrial infrastructure across the globe are creating significant opportunities for compressor oil manufacturers.

Compressor Oil Market by Category

By Oil Type

Synthetic Oil
Mineral Oil
Semi Synthetic Oil
Bio Based Oil

By Compressor

Reciprocating Compressors
Sliding Vane Compressors
Centrifugal Compressors
Screw Compressors
Rotary Compressors

By End Use

Oil & Gas
Automotive
Power
Manufacturing and Others

By Sales Channel

OEM
Aftermarket

Region

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

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Want to Know More?

Future Market Insights has published a market research report on the Compressor Oil market that contains global analysis for 2016–2020 and opportunity assessment for 2021–2031. The report provides insightful analysis of the Compressor Oil market through five different segments- Gas type, by End Use Equipment, by application, By End Use and region.

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Potassium Formate Market valuation is set to top US$ 952.3 Mn by 2029

Future Market Insights’ new market research report opines that global potassium formate market is likely to witness significant growth during 2022 to 2029 on back of growing applications in drilling fluids, de-icing, and heating fluids. Valued at US$ 716.4 Mn in 2022, global revenues are likely to grow at a CAGR of ~4.2%, during the forecast period 2022 to 2029. Demand has also been positively influenced by growing preference for environmentally-sustainable products, especially in drilling fluids, de-icing, and heating fluids. The report opines that a combination of macroeconomic and industry-specific factors will drive potassium format demand during the course of the forecast period.

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South Asia and East Asia Continue to be Lucrative

According to the study, new oil and gas drilling projects in Asia are fuelling demand for drilling fluids, which in turn, is creating sustained opportunities for stakeholders across the potassium formate value chain. Potassium formate is gaining traction in oil & gas sector, owing to its favorable properties and environmental feasibility. South Asia and East Asia collectively accounted for over 26% of the global potassium formate market current, and the authors of the report do not see the status quo changing anytime soon. The broader push by governments in the region, and over-reliance on oil economy is likely to create sustained opportunities for potassium formate market players throughout the forecast period.

Drilling Fluid Likely to Remain a Key Application

The potassium formate market has been segmented on the basis of form, application, and region.

Brine (liquid) form of potassium formate accounted for major share of overall potassium formate demand, in 2021. Easy handling and storage of brines and its ease of use due to its liquid form, can be attributed to its large share in the overall potassium formate market
Drilling fluid application is projected to lead the application segment of the potassium formate market. Potassium formate is used in drilling fluids and is being more popular due to its compatibility and favorable properties. Traditional salts are being replaced by potassium formate in various applications including drilling fluid application.
North America and Europe led the demand for potassium formate market in 2021. Presence of large oil & gas industry and also more snow falling countries in these regions, is attributed for its larger share. However, the growth is expected from Asian countries during the forecast period.

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Potassium Formate Market: Vendor Insights

The report highlights the key market players that are prominent and have established their position in the global potassium formate market. The examples of the key players in this value chain of potassium formate are BASF, ADDCON, Perstorp, Cabot, Evonik, Honeywell and ICL among others. The market players are providing premium customer services, technical support and an extensive range of potassium formate products in order to serve small to large customers across different industries and further expand their market presence by adapting new strategies including new product development and joint venture. The players are strategically focusing on building new partnerships and a strong client base. Some of the leading players are pushing the potassium formate sale in de-icing application due to its environmental feasibility and favorable properties.

Potassium Formate Market Taxonomy

The global potassium formate market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach in front of the reader.

By Form

Brine (Liquid)
Powder (Solid)

By application

Drilling Fluid
De-icing
Heat Transfer Fluid
Others(fertilizer, feed)

Region

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

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Polyurea Coatings Market is likely to observe robust revenue growth, at an estimated 9% CAGR during 2019-2029

Future Market Insights offers vital insights concerning to the global polyurea coatings market, and delivers exclusive information through structured market research. The report titled, ‘Polyurea Coatings Market: Global Industry Analysis 2014–2018 and Opportunity Assessment 2019–2029′, estimates the market and forecasts the forthcoming market scenario on the basis of type, isocynate type, application, and region. The global polyurea coatings market was valued nearly US$ 600 Mn in terms of value at the end of 2018, and is expected to surpass US$ 1,500 Mn by the end of the forecast period, registering a CAGR of over 9.0%.

The global polyurea coatings market is segmented on the basis its type into pure polyurea and hybrid polyurea. On the basis of type, the hybrid polyurea segment is a prominent segment in the global polyurea coatings market, as it has a lower price range and also various application areas. However, the pure polyurea coatings segment is projected to witness healthy growth during the forecast period. Rising environmental concerns towards the risks associated with VOC content coatings, and shifting trend towards the adoption of advanced as well as eco-friendly coating technologies to drive the demand for polyurea coatings.

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Rapid Industrial Growth to Propel the Polyurea Coatings Market

Polyurea coatings are primarily used for waterproofing and corrosion-protection purposes. Polyurea coatings are used for the waterproofing of roofs, walls, and floors in the building & construction industry. Polyurea coatings are also used as bridge coatings for corrosion protection as well as waterproofing. Therefore, the growing building and construction industry and increasing infrastructural development, especially in developing nations, are expected to drive the growth of the polyurea coatings market.

Polyurea coatings are used as pipeline coatings, tank coatings, and also for coating machinery & equipment in various industries such as chemicals, oil & gas, mining, water supply & treatment, etc. Hence, rapid industrialization across the globe will positively influence the polyurea coatings market. Increasing environmental awareness pertaining to VOC emissions will act as prime driving factor for the polyurea coatings market. Growing automotive production will elevate the demand for polyurea coatings, as they are used as anti-scratch and anti-corrosive coatings. Growing urban population, rising GDP growth of developing countries, and increased consumer spending are expected to indirectly drive the growth of the polyurea coatings market.

Polyurea coatings cure quickly and are highly reactive. The application of polyurea coatings on wet surfaces may cause poor adhesion on the surface. Thus, the surface requires adequate amount of drying time before the application of a polyurea coating. Moreover, the cost of application of polyurea coatings is much higher, owing to the cost of the spraying equipment. The handling of such equipment requires skilled labourers and technicians. The aforementioned factors might hamper the growth of the polyurea coatings market.

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South Asia’s Market for Polyurea Coatings to Witness Lucrative Growth Prospects

From a regional perspective, Europe and North America are prominent markets for polyurea coatings, due to the increasing demand for advanced and eco-friendly coatings because of stringent environmental regulations pertaining to VOC emissions. Increasing government initiatives for the adoption of advanced coating technologies due to rising environmental awareness in regions such as East Asia and South Asia are expected to drive the demand for polyurea coatings in South Asia and East Asia. South Asia is estimated to grow at a CAGR of over 11%.

During the latter half of the forecast period, East Asia is expected to surpass Europe in terms of market value. Also, regions such as Latin America are anticipated to witness substantial growth during the forecast period, due to the growth in building & construction activities and automotive production. Also, the markets in regions such Oceania and the Middle East & Africa are expected to experience healthy growth during the forecast period.

Polyurea Coatings Market: Competition Landscape

Some of the players stated in the study of the global polyurea coatings market are BASF SE, Huntsman Corporation, Teknos Groups, DowDuPont Inc., Versaflex Incorporated, Sherwin Williams Company, Pidilite Industries Ltd., Covestro AG, PPG Industry Inc., and Rhino Linings Corporation, among others.

Polyurea Coatings Market Taxonomy

The global polyurea coatings market is segmented in detail to cover every aspect of the market, and present a complete market intelligence approach in front of the reader.

By Type

Pure Polyurea
Hybrid Polyurea

By Isocynate Type

Aromatic
Aliphatic

By Application

Building & Construction
Industrial
Automotive & Transportation

Region

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

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Oilfield Chemicals Market is expected to rise at a CAGR of 4.2% over the forecast period 2022-2029

Future Market Insights, in its latest report titled ‘Oilfield Chemicals Market: Global Industry Analysis 2014–2021 and Forecast 2022–2029,’ offers key insights and analysis of the global oilfield chemicals market. The research study conducts an in-depth analysis and provides key market insights on the oilfield chemicals market for the forecast period (2022–2029).

Based on key insights, the oilfield chemicals market is expected to experience significant demand over the forecast period due to an increase in the number of exploration activities worldwide, owing to an increase in the need for energy across the world. The global oilfield chemicals market is estimated to grow at a CAGR of nearly 4% during the forecast period.

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Crude Oil Production and Processing Consumes Voluminous Oilfield Chemicals

The increasing number of exploration projects in the countries of Europe and MEA, such as Russia, Kazakhstan, Saudi Arabia, and several others, is estimated to support the demand for oilfield chemicals. These countries have oil reserves, which, in turn, support the demand for oilfield chemicals. Furthermore, APAC is a major market owing to the establishment of new refineries to cater to the growing demand for new units in the country. In addition, the increasing demand for refinery and petrochemical products across various end-use industries is an indication for the future demand for efficient crude oil.

To fulfil the demand for crude oil products, vendors have increased their refinery capacities. Attributing to this, manufacturers of crude oil are focusing on expansions as well as on increasing investments on clean fuel. Moreover, a significant volume of oilfield chemicals is utilised in the production and processing of crude oil.

Oilfield chemical act as the backbone of the refinery sector and oil & gas exploration sector across the globe. To meet this cumulative demand, key players of the oilfield chemicals market are expanding their manufacturing and production facilities to emerging regions, such as India & China, with an aim to reduce the operational cost owing to the abundance of economical raw materials and the availability of low-cost labour and in these regions.

‘Inhibitors’ to Remain Preferred Type of Oilfield Chemicals

Segmentation on the basis of product type of oilfield chemicals: The inhibitors segment is projected to lead the global oilfield chemicals market in terms of value, followed by the gas well foamers segment. In terms of growth rate, the H2S scavengers equipment segment is expected to lead the market with an approximate CAGR of 5% over the forecast period
Segmentation on the basis of application of oilfield chemicals: The drilling & completion oilfield chemicals segment is projected to lead the oilfield chemicals market by application, and accounts for high demand across the world
Segmentation on the basis of terrain type: The onshore segment is estimated to capture a higher market share over the forecast period

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Profitability of Asian Markets for Oilfield Chemicals Continues to Rise

North America is a mature and prominent region with significant demand for oilfield chemicals. Asia Pacific is estimated to emerge as a profitable and high-growth region in the oilfield chemicals market. The demand for oilfield chemicals in these regions is also mainly driven by the rising oil & gas exploration activities in the region. MEA, Eastern Europe, and Latin America are also projected to be above-average growth regions in terms of volume and value, owing to the presence of already established markets in these regions. The market in the Middle East & Africa (MEA) is expected to experience moderate growth over the forecast period as it is an already established market.

Oilfield Chemical Market Taxonomy

The global oilfield chemicals market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

By Product Type

Inhibitors
Lubricants
De-Emulsifiers
Viscosfiers
Gas Well Foamers
Biocides
H2S Scavengers
Others

By Application

Drilling & Completion
Cementing Chemicals
Stimulation Chemicals
Oil Production Chemicals
Enhanced Oil recovery Chemicals

Region

North America
Latin America
Europe
South Asia
South Pacefic
Middle East & Africa

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Global Oilfield Chemicals Market: Vendors Landscape

The oilfield chemicals market is moderately fragmented owing to the presence of a large number of local and established players. The report provides details of some of the key players in the global oilfield chemicals market, such as Albemarle Corporation, Akzo Nobel N.V., DowDuPont Inc., Baker Hughes, a GE Company LLC, Halliburton Co., BASF SE, Flotek Industries, Inc., Ashland Inc., Schlumberger Limited, Solvay SA, Clariant AG, GEO Drilling Fluids, Inc. Innospec Incorporated, and Chevron Phillips Chemical Company LLC.

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Biomass Pellets Market is projected to witness growth at a CAGR of 6.8% during the forecast period 2022-2029

Future Market Insights’ new market research report titled, ‘Biomass Pellets Market: Global Industry Analysis 2014–2021 and Opportunity Assessment 2022–2029′, investigates the biomass pellets market, and provides critical insights for the forecast period 2022 to 2029. As per the findings of the report, the global biomass pellets market is projected to experience significant growth over the forecast period, because of multiple driving factors such as increasing utilization of biomass pellets in coal-fired boilers in industries, and also in commercial and domestic heating applications.

The global biomass pellets market valuation of US$ 11.36 Bn in the year 2022, and is expected to expand at a CAGR above 6% over the forecast period of 2022-2029. Several government policies are being implemented across geographies that are favoring the utilization of efficient bio-fuels such as biomass pellets as a replacement for fossil-based fuels. This has significantly created demand for biomass pellets, and this demand is expected to grow at a very high rate over the forecast period.

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East Asia Projected for Significant Growth Opportunities

Over the past years, Europe has been one of the key prominent regions in terms of the production and consumption of biomass pellets. However, other regions such as East Asia have emerged as lucratively growing regions in the global biomass pellets market. This has resulted from the significant growth of the markets in East Asia countries such as China, South Korea, and Japan.

China is one of the prominent hubs of industries and that use coal-based boilers. This creates ample opportunities of demand for biomass pellets that can be used as a replacement or co-fired with coal in these industries.

Furthermore, the demand in South Korea and Japan for biomass pellets has witnessed a significant hike over the past years. As a consequence, East Asia, as a whole, projects significant growth opportunities for the global biomass pellets market over the forecast period.

Sales of Wood Sawdust-Derived Biomass Pellets to Remain Prominent

The market has been segmented on the basis of different sources of biomass pellet production and on the basis of their multiple end uses, besides the seven prominent regions of the world.

On a global level, wood sawdust is the prominent source of biomass pellet production. The growth in the sales of biomass pellets from this segment is projected to be significant over the forecast period. However, other sources are expected to gain market share over the forecast period.
Industries with installed coal-based boilers consume a fair share of the global biomass pellets market volume. This consumption is expected to increase further over the forecast period.
Government policies regarding carbon emissions from industries are changing across geographies in order to achieve their goals and targets of sustainable development. They have become stricter towards the quantity of carbon emitted from industries. As a consequence, industrialists are bound to use biomass pellets in co-firing applications in order to reduce their carbon content and also the cost expenditure over fuels. As a consequence, prominent demand for biomass pellets is being witnessed from industries on a global level.

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BIOMASS PELLETS MARKET TAXONOMY

The global biomass pellets market is segmented in detail to cover every aspect of the market, and present a complete market intelligence approach in front of the reader.

By Source

Agricultural Residue
Wood Sawdust
Others

By End Use

Power Generation
Industrial Heating
Commercial and Domestic Heating
Others

Region

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

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Biomass Pellets Market: Vendor Insights

The report highlights some of the market players that are prominent and have established themselves as leaders in the global biomass pellets market. Some of the examples of the key players in this market are Drax Biomass Inc., Enviva Partners, LP, German Pellets GmbH, AS Graanul Inves, Pinnacle Renewable Energy Inc., and Abellon CleanEnergy Limited, among others. These players have a diverse set of biomass pellet offerings for industrial, commercial, as well as domestic applications. These players also participate actively in the trade of biomass pellets to reach international markets, and develop by acquiring a diverse clientele across geographies.

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