Dental Whitening Lamps Market Future Development, COVID-19 Impact, Segmentation, Demands and Revenue Report

Dental Whitening Lamps Market: Overview

Marketing strategies play a very important role in the sale of dental whitening lamps. The market is anticipated to grow at a significant rate with the increase in cosmetic dentistry procedure market due to tremendous demand. Dental whitening is a huge profitable business which also contributes to the growth of the dental whitening lamps market. As the solution is not permanent, thus there is repetitive need for whitening which further increases the market. There is a huge market opportunity for technical improvements in the dental whitening lamps to reduce treatment time, improving the efficacy, durability, affordability as well as decreasing the side-effects and enhance economical availability of the product. The market for dental whitening lamps is fragmented with a number of players selling the products in retail as well as online which shows huge competitiveness in the market.

Dental whitening lamps are used to trigger the photocatalyst present in teeth whitening gel to release the reactive components which in turn results in speeding up the tooth whitening process. These are used in enhancing the results of the treatment but not all the patients get the same results after treatment. These lamps use LED and UV lights emitting at a particular wavelength and the treatment for a stipulated time. LED lights also known as blue lights are more popular in the dental whitening lamps for effective treatment with less side effects. The technology is used to remove stains on the teeth caused by smoking, drinking wine, coffee or tea. This helps in restoring the natural tooth color and whitening the teeth. These dental whitening lamps are needed to be FDA compliant for commercialization. There are a number of companies in the market offering dental whitening lamps with different specifications. The treatment is not suitable for the candidate with tooth and gum hypersensitivity, with deep and intractable staining as well as with tooth transparency.

Generally, teeth whitening procedures are not covered in the dental insurance. But the growth in the dental aesthetics and popularity of dental whitening procedures promotes the sale of this equipment in the market.

Dental Whitening Lamps Market: Drivers & Restraints

The growing concerns of dental problems and increasing disposable income are the major factors for the market growth of dental whitening lamps and other accessories. Furthermore, greater acceptability of the product in dental treatment also drives the market growth. Safe and fast results obtained from the treatment with dental whitening lamps also promotes its use. As well as, various oral hygiene awareness programs also promote dental whitening lamps’ market growth. Expensive dental whitening treatment is the restraining factor hindering the market growth. Also, overheating due to some light products is also a problem in the tooth whitening treatment process. Some studies also prove the potential harm in using light for teeth bleaching which also restricts the market growth. Several alternatives available in the market also restricts the market growth for dental whitening lamps.

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Dental Whitening Lamps Market: Region-wise Outlook

High cosmetic care in the North America region along with superior dental facilities is responsible for the dominating market size in the region. Moreover, large spending on dental healthcare also promotes the market in this region. This is followed by Western Europe because of more adoption of these techniques and easy accessibility for dental treatments in these regions. Latin America is also anticipated to have a significant growth rate because of increasing trend towards dental healthcare. Increasing disposable income in the Asia Pacific region contribute to the market growth for dental whitening lamps. MEA region contribute the least market share for dental whitening lamps global market because of less availability of dental healthcare facilities and non-accessibility to the dental treatments in various areas.

Dental Whitening Lamps Market: Key Players

Some of the key players in Dental Whitening Lamps market includes Royal Philips N.V., BMS Dental, Beaming White, LLC., CityDent, DaVinci Teeth Whitening, WHITEsmile GmbH, Oh!White Cosmetics, Suz-Dent India (P.)Ltd., Nubway and many more. 

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Value Chain

The regional analysis includes:

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

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic 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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Dental Whitening Lamps Market: Segmentation

Segmentation by Product Type

  • In-office Dental Whitening Lamps
  • At-home Dental Whitening Lamps

Segmentation by Light Source Used

  • LED Light
  • Ultraviolet Light

Segmentation by End User

  • Hospitals
  • Dental Clinics
  • Home Care Settings

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint.

MRI-Safe Neurostimulation Systems Market COVID-19 Industry Analysis, Future Trends, Opportunity Growth, Regional Outlook and Forecast 2027

Activities of our nervous system can be modulated using invasive or non-invasive methods such as microelectrodes and transcranial magnetic stimulation respectively. This purposeful modulation of activities associated with the nervous system is known as neurostimulation. Neurostimulation, in general, is an electromagnetic approach that could be performed both invasively and non-invasively. Neurostimulation is carried out to treat chronic neuropathic pain and for modulation of motor function. Major forms of neurostimulation is comprised of brain stimulation, spinal cord stimulation, peripheral nerve stimulation, intracranial stimulation, sensory nerve stimulation and others. Neurostimulators are categorized on the basis of product type as implantable and transcutaneous neurostimulators. An increase in incidence of patients with implanted neurostimulation systems in their body for the treatment of neurological disorders has been registered over last few years. Neurostimulation systems have variant deigns and inherent functions, owing to which they found variety of problems generated by electromagnetic fields used for performing MRI procedures. MRI fields pose a significant threat to spinal cord and brain stimulation systems as it may interact or interfere with the implanted neurostimulation systems. When a MRI is performed, the electric currents induced from MRI machine interacts with the neurostimulators and may cause lead heating, device damage leading to unintentional stimulation, and magnetic pull that may move the implanted neurostimulators within the body thereby causing severe body damage to the patient. Thus, MRI-safe neurostimulation systems are gaining importance at an increased rate, thus strengthening the sales of MRI-safe neurostimulation systems market. Few year back standard medical surgery or therapy was considered as the standard treatment for treating neurological disorders. However, this standard medical surgery has been replaced with MRI-safe neurostimulators on the account of which growth of MRI-safe neurostimulation systems market has been spurred across the globe.

MRI-Safe implantable neurostimulation systems are minimally invasive and have registered highest success rates and acceptance over medical treatments. MRI-safe neurostimulation devices find application in chronic pain, epilepsy, gastroparesis, hearing loss, obesity, Parkinson’s disease and others. Also, U.S. market for implantable neurostimulation systems is poised to register significant growth over the forecast period due to rising incidence of neurological disorders. Introduction of MRI-safe neurostimulation systems allows patients to get their MRI done without any possible side effects. This is further anticipated to drive the demand for MRI-safe neurostimulation systems and thereby increasing revenue generation in MRI-safe neurostimulation systems market.

MRI-Safe Neurostimulation Systems: Market Dynamics

Growing awareness among individuals regarding availability of MRI-safe implantable neurostimulation systems in the market, and less side effects to patient’s body by implanting MRI-safe neurostimulation systems is expected to be the key factor driving the growth of MRI-safe neurostimulation systems market. Rising geriatric population, growing age-related neurological disorders and need for effective alternatives to standard drug therapy are some other factors propelling the growth of MRI-safe neurostimulation systems market. Also, rise in demand for implantable MRI-safe neurostimulation systems in the clinics and diagnostic centers and increasing expenditure of biotech companies to manufacture MRI-safe neurostimulation systems is further expected to drive the growth of MRI-safe neurostimulation systems market. However, the high cost associated with implants of MRI-safe neurostimulation systems and limited manufacturers across the globe are some of the factors restraining the MRI-safe neurostimulation systems market growth.

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MRI-Safe Neurostimulation Systems Market: Overview

Based on product type, implantable MRI-safe neurostimulation systems are in major demand over transcutaneous neurostimulation systems in MRI-safe neurostimulation systems market on the account of increased life of the device and reliable treatment results associated with the system type.

On the basis of applications, MRI-safe neurostimulation systems found major applications in deep brain stimulation followed by spinal cord stimulation. Rising prevalence of neurological disorders such as Alzheimer’s disease, autism, chronic pain, chronic migraine due to changing lifestyle and growing geriatric population is one of the factor driving the application of MRI-safe neurostimulation systems in neurological disorders treatment. Brain stimulation dominates the MRI-safe neurostimulation systems market in application segment. However, the neurostimulators have significant applications in spinal cord stimulation as well as peripheral nerve stimulation and accounts for a significant market share in global MRI-safe neurostimulation systems market.

MRI-Safe Neurostimulation Systems Market: Region-wise Outlook

On the basis of geography, global MRI-safe neurostimulation systems market is segmented into five key regions viz. North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. In North America, U.S. holds the largest shares in the global MRI-safe neurostimulation systems market as the country registers a double growth in number of neurostimulation implants registered over the last decade. North America is followed by Europe which is the second dominating region in global MRI-safe neurostimulation systems market worldwide on the account of increasing expenditure by key players in neurostimulators manufacture.

MRI-Safe Neurostimulation Systems Market: Key Players

Some of the key players present in global MRI-safe neurostimulation systems market are Medtronic Inc., Cyberonics, Inc., AADCO Medical Inc., Boston Scientific, Sorin, St. Jude Medical, Biotronik and others

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Value Chain

The regional analysis includes:

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

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic 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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MRI-Safe Neurostimulation Systems Market: Segmentation

The global MRI-safe neurostimulation systems market is segmented by product type, application type, and end user:

Segmentation by Product Type

  • Implantable MRI-Safe Neurostimulators
  • Transcutaneous MRI-Safe Neurostimulators

Segmentation by Application Type

  • Spinal Cord Stimulation (SCS)
  • Peripheral Nerve Stimulation
  • Intracranial Stimulation
  • Deep Brain Stimulation
  • Motor Cortex Stimulation
  • Sensory Nerve Stimulation
  • Vagus Nerve Stimulation

Segmentation by End User Type

  • Hospitals & Clinics
  • Diagnostic Labs and Centers
  • Ambulatory Surgical Centers
  • Research Laboratories

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Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint.

Phosphates Market to grow with a growth rate of 2.7% during the forecast period of 2022 to 2031

The global phosphates market has witnessed steady demand from numerous end use industries including agrichemicals, animal feed, cleansers and detergents, food and beverages, water treatment and more. According to the latest study by Future Market Insights (FMI), the global market of phosphates is anticipated to grow with a growth rate of 2.7% during the forecast period of 2021 to 2031.

Ammonium phosphate and calcium phosphate are anticipated to remain key product types in the global market since they play a crucial role in the fertilizers industry. Diammonium phosphate, monoammonium phosphate, single super phosphate, and triple super are among the more commonly used variants.

With growing concerns over food security due to the rising global population, the demand for phosphate-based fertilizers is anticipated to increase in the coming years. Moreover, the decreasing arable land area all over the globe owing to urbanization and industrialization has fueled the growing demand for phosphates.

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The phosphate market is anticipated to witness a slowdown during the Covid-19 crisis owing to the decrease in the demand from the industrial sector. However, the market has witnessed a positive outlook during the crisis owing to the production of agricultural products and animal feed. These factors will prove crucial for continued growth of the global phosphates market.

Key Takeaways from Phosphates Market Study

  • The global phosphates market is anticipated to reach a value of US$ 21,169.7 Mn by the end of the forecast period in 2031.
  • Ammonium phosphate is expected to remain the dominant product type owing to higher agriculture applications accounting for three quarters of the global market through 2031.
  • China is dominant in East Asia with a value share of over 95% through 2031, supported by large scale agriculture and chemicals industries.
  • India will reflect above average growth with a CAGR of 3% through 2021, owing to its position as a leading agrarian economy.
  • Brazil will hold over 50% of the Latin America market through 2031, owing to government incentives towards large-scale agriculture practices.

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“Agrochemical sales have fueled the growth of phosphates significantly over the past few years owing to the demand for fertilizer products particularly in emerging agrarian economies such as India and China. Government incentives will support growth through 2031,” said a lead analyst at FMI.

Phosphates Market: Participant Insights

Key players are focusing on strategic expansions by expanding production capacity in emerging economies by setting up of new production units, collaborations and mergers and acquisitions of other market participants. They are focusing on strengthening of their product portfolio while strengthening distribution networks.

Market participants in the global phosphates market are Nutrien Ltd., The Mosaic Company, YARA International, EuroChem, Prayon SA, Ma’aden-Saudi Arabian Mining Company, PhosAgro, Jordan Phosphates Mines Company (PLC), Aditya Birla Chemicals, Israel Chemicals, KazPhosphates LLC, Sulux Phosphates Limited, Zimbabwe Phosphates Industries Limited, OCP Group, Innophos Holdings, Inc., Chemische Fabrik Budenheim KG, Haifa Chemicals ltd., URALCHEM JSC, Solvay SA, OCI Company Ltd., Cabot Microelectronics Corporation, Asia Union Electronic Chemical Corp., Hubei Xingfa Chemicals Group Co., Ltd., Yichang Municipal Pacific Chemicals Co., Ltd (YMPCC), Sichuan Blue Sword Chemical (Group) Co., Ltd., Foskor (Pty) Ltd., and Industries Chimiques du Senegal.

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Phosphates Market by Category

By Product Type:

  • Ammonium Phosphate
  • Calcium Phosphate
  • Potassium Phosphate
  • Sodium Phosphate
  • Others

By Grade:

  • Food & Feed
  • Pharmaceutical
  • Industrial

By End Use:

  • Agrochemicals
  • Food & Beverages
  • Animal Feed
  • Cleansers & Detergents
  • Pharmaceutical & PC
  • Water Treatment
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia Pacific
  • Middle East
  • Africa

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Cyclohexylbenzene Market surpassing US$ 297 Mn during the assessment period

Cyclohexylbenzene application in plastic, chemicals, paints and coatings, and electrical and electronic industries will guarantee steady consistent sales through 2031, finds Future Market Insights (FMI) in a recent research study. As per FMI, the cyclohexylbenzene market is anticipated to witness a growth rate of 4.0%, surpassing US$ 297 Mn during the assessment period.

Applications as a solvent in paints and plastic products used in the automobile industry will also remain a chief growth driver. Considering this, demand in the automotive sector is expected to increase, especially with the influx of electric vehicles (EVs) and consistent development in automobile components.

Cyclohexylbenzene is primarily used in the manufacturing of phenol, which is a component used to produce epoxy resins that are used in paints, adhesives, coatings and primers. Continuous rise in demand for paints, coatings, primers, and adhesives across the globe is elevating scope for application in epoxy resins, which will in turn drive the market for cyclohexylbenzene.

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Growing demand for high boiling solvents and penetrants in various industries including chemical industries, paints and coatings and plastic industries are anticipated to fuel growth in the coming years.

However, stringent government regulations imposed on the production and use of cyclohexylbenzene owing to its harmful effects on environment and human health is a longstanding challenge for manufacturers to overcome.

Key Takeaways from Cyclohexylbenzene Market Study

  • China is a key market for cyclohexylbenzene, accounting for over 78% of the global sales, owing to manufacturer friendly policies in the country.
  • Application in chemical production will drive cyclohexylbenzene consumption. The industry will account for over 32% of the global value share by the end of the assessment period.
  • Standard cyclohexylbenzene holds over 70% of the overall value share, owing to cost benefits and wide scope of applications.
  • Russia followed by Germany will lead Europe with a cumulative value share of over 37% by 2031 owing to increasing investment in manufacturing and automotive sectors.
  • The U.S., will account for over 85% of the North America market through the end of 2031, supported by the presence of major end users.

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“Manufacturers are gradually shifting their focus towards emerging nations to strengthen their footprint. Considering this, emphasis on mergers and acquisitions will continue growing in the market” said an analyst at FMI.

Cyclohexylbenzene Market: Participant Insights

Key players in the market are adopting inorganic growth strategies including mergers and acquisitions to enhance their geographical footprint and revenue generation streams in previously untapped markets.

Key manufacturers in the cyclohexylbenzene market include Schultz Canada Chemicals Co. ltd., Biosynth Carbosynth, Henan Tianfu Chemicals Co. Ltd., Changsha Easchem Co., Ltd., Hefei TNJ Chemical Co. Ltd., Jiangsu Zhongneng Chemical Technology Co., Ltd., SAGECHEM, Xingrui Industry Co. Ltd., and Syntechem Co. Ltd, among others.

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Global Cyclohexylbenzene Market by Category

By Product Type:

  • Standard
  • High Purity

By Application:

  • Plastics
  • Paints & Coatings
  • Adhesives
  • Electrical & Electronics
  • Chemical Production

By Region:

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

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Global Defoamers Market reaching US$ 1.9 Bn in 2031 – FMI

Increasing demand from the pulp and paper and wastewater industries is expected to contribute strongly towards the expansion of the defoamers market, finds Future Market Insights (FMI) in a recent study. According to the report, the market is estimated to reach a value of US$ 1,920.0 Mn by the end of 2031, exhibiting a CAGR of 4.0% during the forecast period.

As per FMI, silicone defoamers will account for more than one third of market value share in 2021 and is expected to continue its dominance through the assessment period. However, the market experienced a considerable decline in 2020 owing to the weak economic situation created in the wake of the covid-19 pandemic.

A defoamer is a chemical additive, also known as anti-foaming agent that helps reduce foam formation and also prevents the formation of excess foam in industrial process liquids. Defoamers are widely used in diverse industry verticals for various applications including pulp & paper, paints & coatings, water & wastewater treatment industry, food processing, chemical formulation, textiles and among others.

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Geographically, East Asia is estimated to dominate the market during the projection period. Major players in the defoamers market are planning to expand their distribution in the existing markets of U.S. and Europe. Key players are focusing on expanding their reach by diversifying supply chains to avoid disruptions.

Due to the COVID -19 crisis, end users have been impacted in several ways on account of the disrupted supply chain across the globe. In addition to restrictions in trade, shortage of labor and increase in raw material prices also impacted the defoamers market. However, the demand is expected to regain its previous growth from the first half of 2021.

Key Takeaways of Defoamers Market Study

  • Aqueous defoamers will account for more than 80% of the market by 2031 owing to ease of use in water treatment, paints and coatings, and pulp and paper applications.
  • Silicone based defoamers will reflect the fastest growth with a 4.7% CAGR, supported by consistent process outcomes.
  • China will dominate East Asia through 2031 with value share over 63% owing to the presence of major production facilities.
  • Germany holds the lead in the Europe market with a US$ 77.2 Bn valuation in 2021, driven by matured chemical and manufacturing sectors.
  • The U.S. will account for nearly 90% of the North America market by 2031, supported by the presence of varied end-user industries in the country.

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“Key players globally are assessing various solutions in the supply chain, which will help them maintain business continuity with minimum disruption due to unforeseen events, since the onset of the COVID-19 crisis. Moreover, key players are planning to diversify their supply chains to reduce dependence on singular sources and continue production without interruptions in the coming decade,” says an FMI analyst

Market Landscape: Competitive Overview

The global defoamers market is moderately consolidated, with some of the leading players accounting for a prominent share of the market. Manufacturers are focusing on strengthening their market presence globally by the acquisition of regional players and investing in research and development to stay up to date with the new trends in the market. Players are also adopting other distribution channels such as e-commerce and online platforms to help cater to demand.

Key market participants include BASF SE, Dow Chemical Company, Evonik Industries, Kemira Oyj, Buckman, Air Products & Chemicals Inc, Accepta, Ecolab Inc. (Nalco), Ashland Inc, Synalloy Chemicals, Blackburn Chemicals Limited, Elementis PLC, Bluestar Silicones France SA, Clariant Chemicals Company, KCC Basildon, Royal DSM N.V, Shin-Etsu, ADEKA Corporation, Wacker Chemie AG, Tiny ChemPro, Elkem Silicones ASA, Teijin Ltd, among others.

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Defoamers Market by category

Product Type:

  • Powder
  • Silicone  Defoamers
  • Oil Defoamers
  • Emulsion Defoamers
  • Polymer Defoamers

By Medium of Dispersion:

  • Aqueous Systems
  • Non-Aqueous/ Solvent

Application Type:

  • Chemical Formulation
  • Textiles
  • Construction Materials (cement, mortar, grouts etc.)
  • Paints & Coatings
  • Pulp & Paper
  • Food Processing
  • Pharmaceuticals
  • Household & Personal Care
  • Water and Wastewater treatment

Region:

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

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Sodium Hydroxide Market expected to reach US$ 43.7 billion by 2031 – FMI

Increasing research and development (R&D) activities aimed at the development of new production technologies are expected to create growth opportunities for sodium hydroxide market, finds by Future Market Insights (FMI) in a recent research study. According to the report, the sodium hydroxide sales are anticipated to surge at a CAGR of 4.3%, reaching US$ 43.7 Bn by the end of the assessment period in 2031.

Despite the impact of the COVID-19 outbreak, sodium hydroxide sales are expected to increase marginally increase in 2021. FMI has identified FMC Corporation, Occidental Petrochemical Corporation, The Dow Chemical Company, Olin Corporation, and Westlake Chemical Corporation as top companies, accounting for nearly 22% to 24% of sodium hydroxide sales through 2031. 

The growing demand for sodium hydroxide from various end-use sectors is encouraging market players to invest heavily in expanding their production capacities. East Asia is estimated to remain a key regional market owing to increasing applications, particularly driven by the demand for textile chemicals in textile industry.

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Furthermore, the outbreak of the COVID-19 virus has resulted in reduced growth of many end-use industries including automotive and construction. This outbreak also has impacted the chemical industry. The losses arising during the pandemic have resulted in subduing growth for the sodium hydroxide market. However, the increasing demand in the pulp and paper industry is expected to support recovery of the sodium hydroxide market.

 

Key Takeaways from Sodium Hydroxide Market Study

  • Caustic lye holds over 63% of the global value share in 2021 owing easier applications particularly in the chemical industry.
  • Textile applications will account for over 19% of the market through the end of 2031, driven by inking and dyeing applications.
  • China is dominant in East Asia with a share of over 63% through the assessment period, supported by the presence of prominent end-use industries in the country.
  • The U.S. is a lucrative market accounting for over 89% of North America, propelled by demand in the automotive and construction sectors.
  • India followed by ASEAN countries account for a cumulative share of over 72% of the South Asia and Pacific market, albeit driven by a fragmented end-use sector.
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“Global trade tensions and COVID-19 outbreak have had a considerable negative impact on buyer confidence. This in turn has affected short term sales figures in the sodium hydroxide market. However, demand has been gradually recovering since last quarter of 2020 and is expected to reach pre-pandemic level in the coming years,” said a lead analyst at FMI.

Sodium Hydroxide Market Competitive Landscape

Major players in the market include Olin Corporation, Tosoh Corporation, BASF SE, Formosa Plastics Corporation, Dow Chemical Company, Shin-Etsu Chemical Co Ltd, Westlake Chemical Corporation, Covestro AG, Solvay S.A., Gujarat Alkalies and Chemicals Limited, Occidental Petrochemical Corporation, Tata Chemicals Ltd., Xinjiang Zhongtai Chemical Co. Ltd, Vynova Group, CJ Chemicals, ProChem, Inc., Chemical Store Inc, GFS Chemicals, Inc.

Companies operating in Sodium Hydroxide market are aiming at expanding the production capacities by acquisitions and collaborations with other manufacturers to relish the increase in demand.

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For instance,

  • In April, 2021, India Based Chemfab Alkalies planning to increase its production capacity from 45,600 tons to 56,575 tons through membrane cell production technology process.
  • In November, 2020, India based Meghmani organics decided to invest around US$ 3.2 Mn to expand its production capacity of caustic soda from 294 Kilo tons to 400 Kilo tons. The plant is expected to be operational by the end of 2022 first quarter.
  • K-Petro researchers unveiled a new method of extracting bio-diesel through black soldier fly larvae, which is processed using sodium hydroxide, for applications in the automotive and logistics sector.

Sodium Hydroxide Market by Category

By Product Type:

  • Flakes
  • Caustic Lye

By Application:

  • Alumina
  • Textile
  • Pulp & Paper
  • Soaps & Detergent
  • Dyes & Inks
  • Pesticides
  • Pharmaceuticals
  • Water Treatment
  • Petrochemicals
  • Power & Steel
  • Food Processing
  • Organics
  • Inorganics
  • Others

By Region:

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

Key Questions Answered in the Report
What is the current valuation of the sodium hydroxide market?
At what rate did the sodium hydroxide market expand in the last 5 years?
What is the sodium hydroxide market demand outlook?
What are the key trends prevailing in the sodium hydroxide market?
What are the key factors driving the sales of sodium hydroxides?
Who are the key importers of sodium hydroxide?
What is the cumulative share of the top five companies in the sodium hydroxide market?
Who are the key exporters of sodium hydroxide?
Which are the top 5 countries exhibiting high demand for sodium hydroxides?
Which countries are the key producers of sodium hydroxide?

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Biophotonics Market to register a CAGR of over 11.3% between 2022 and 2031

Future Market Insights (FMI) released its latest report on biophotonics market. The market is expected to register a CAGR of over 11.3% between 2021 and 2031. The study takes into account the impact of COVID-19 on Biophotonics Market.

The global biophotonics market is driven by factors such as Increasing ageing population, the government support in technology innovations, enhanced range of biophotonics applications, and a need for improvement in healthcare.

Region-wise, North America was the highest contributor to the global biophotonics market, followed by Europe, the Middle East and Africa (EMEA) and Asia Pacific. However, the North America is expected exhibit a CAGR of over 10.9% during the forecast period

Future Market Insights report examines the Biophotonics market for the period 2021 to 2031. The primary objective of the report is to offer updates on the advancements in healthcare that have given rise to a futuristic technology: biophotonics, which is significantly transforming the global healthcare market.

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Biophotonics is an emerging area of scientific research that harnesses light to understand the working of cells and tissue in living organisms to aid better diagnosis of health problems. Biophotonics will cater to the demands of multiple industry verticals such as biotechnology, diagnostics, therapeutics, and agriculture to name a few.

Biophotonics uses optical techniques while preserving the integrity of the biological cells under observation. The interactions such as emission, detection, absorption, reflection, modification, creation, radiation take place between the biological cell or molecule and light.

According to end-user type, the global biophotonics market is segmented as Medical diagnostics, Medical therapeutics, Test components and Non- Medical. The medical diagnostics is expected to dominate the global biophotonics market and register a CAGR of over 10.7%during the forecast period.

Non-medical applications are projected to demonstrate an impressive growth rate of over 15.5% CAGR between 2021 and 2031. Growth in global biophotonics market is largely attributed to growth in end use sectors, which largely include diagnostic centers, medical institutes, healthcare service providers, research institutes and laboratories, and medical & scientific instrument manufacturers.

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By application type, the Global Biophotonics market is segmented as See through imaging, Spectro molecular, Inside imaging, Biosensors, Surface imaging, Microscopy, Light therapy, and other analytic sensing. Among all the aforementioned segments, the biosensors is projected to witness over 17.2% CAGR during the forecast period. The microscopy and light therapy applications are expected to exhibit a CAGR of 15.1 % each respectively between 2021 and 2031.

The growth is attributed to implementation of the biosensors in other analytic sensing segment due to its specific biological analyte sensing capability such as pregnancy test, food toxicity, and cholesterol tests. Key players in the global biophotonics market are Becton, Dickinson & Co., Affymetrix Inc., Carl Zeiss, Olympus America, Andor Technology and Hamamatsu Photonics.

Biophotonics Market Segments

By Application

    • See-Through Imaging
    • Microscopy
    • Inside Imaging
    • Spectro Molecular
    • Analytics Sensing
    • Light Therapy
    • Surface Imaging
    • Biosensors

By Application

    • See-Through Imaging
    • Microscopy
    • Inside Imaging
    • Spectro Molecular
    • Analytics Sensing
    • Light Therapy
    • Surface Imaging
    • Biosensors

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By End User

    • Tests And Components
    • Medical Therapeutics
    • Medical Diagnostics
    • Non-Medical Application
    • Tests And Components
    • Medical Therapeutics
    • Medical Diagnostics
    • Non-Medical Application

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India Kaolin Market anticipated to register 3.5% CAGR between 2022 and 2031

Increasing demand for crude kaolin in cement, refractories, and agrochemical industries has been identified as a chief growth driver of the India kaolin market. As per a new study by Future Market Insights (FMI), the kaolin market in India is anticipated to register 3.5% CAGR between 2021 and 2031.

The report also identifies crude kaolin as the top-selling product, accounting for a little over 36% of the sales in the market in 2021. Despite its application across diverse industries, demand for kaolin significantly dropped amid COVID-19 as industries remained shuttered following lockdown guidelines implemented in India.

Nonetheless, gradual recovery of operations across industries will create growth opportunities in the coming years. The cement industry is forecast to account for the maximum demand for kaolin. Expansion of construction activities in India, in public and private sectors alike, will therefore spur opportunities for kaolin manufacturing and sales.

Besides demand in the cement industry, the kaolin market will register increasing application in paints and coatings, glass and paper, ceramics and sanitary, and pesticides and refractory sectors. Thanks to the inadequate threat of substitutes, kaolin consumption in India is anticipated to remain steady over the forecast period.

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Kaolin is naturally formed mineral clay which is consumed in both crude form and processed form. These minerals are formed by the chemical weathering of minerals of Aluminum such as, feldspar and is extracted from kaolinite mineral.

Kaolin is used as a raw material, filler material, binding material, strengthening material and as other materials in various end use industries. The common product types of kaolin available in India are crude kaolin, calcined, hydrous, surface modified, delaminated, and levigated kaolin.

Key Takeaways from Kaolin Market Study

  • India kaolin market is expected to reach a value of US$ 137.8 Mn by 2031 end.
  • Cement industry will account for over 46% of kaolin sales in India in 2021
  • West India is expected to remain highly lucrative pocket, accounting for over 30% of kaolin sales in India in 2021
  • Crude kaolin will emerge as a top-selling product, holding a dominant share of over 49% in the India kaolin market in 2021
  • Demand for kaolin will rise in North India at 3.2% CAGR between 2021 and 2031

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 “Competition is expected to increase in the coming years owing to the increasing number of mining companies. Therefore, in order to gain competitive edge key players are likely to focus on expanding their production capacity to cater the growing demand from various industries. Besides this, they are increasing their export volume to strengthen their global footprint,” said a lead analyst at FMI.

Kaolin Market: Participant Insights

Key manufacturers in the India Kaolin market are EICL Limited, MLA Group of Industries, Prash Minerals, M/S Garg Minerals & Chemicals, Ashok Mineral Enterprises, Ashapura China Clay Co. LLP, Shree Ram Minerals, Srinath Enterprises, Mona Exim Inc., Vulcan Ceramics Co. Pvt. Ltd., Kalpana Minerals Pvt. Ltd., 20 Microns Ltd., Kerela Ceramics Ltd., and Sudarshan Minerals & Industries.

Some of these companies are focusing on on strengthening their product portfolio and expanding their market footprint through increasing production capacities. Besides this, they are investing in research and development initiatives to gain competitive edge.

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Kaolin Market by Category

By Product Type

  • Crude Kaolin
  • Calcined
  • Hydrous
  • Surface Modified
  • Delaminated
  • Levigated

By End Use

  • Cement
  • Ceramics & Sanitary
  • Paints & Coatings
  • Paper & Glass
  • Pesticide & Refractory
  • Others

By Region

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

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Functional Films Market poised to reach US$ 47.17 Mn by 2031 – FMI

As per a study by Future Market Insights (FMI), increasing applications across diverse sectors, especially the printing and packaging industry will drive the functional films market between 2021 and 2031. Functional films are being steadily commercialized across various industries as they incorporate technologies to improve the functional performance of products on which functional films acts as substrate or a barrier.

In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights about key factors fueling the demand for Functional Films. The report tracks the global sales of Functional Films in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the manufacturing and retail industry in general. 

The market is gaining momentum, thanks to the expansion of the packaging and plastic industries. Their usage across automotive also is increasing. Functional films can be spotted in automotive displays, car interiors, transmission systems, and lighting.  In the packaging sector, BOPP films are the “go-to” options for lamination and flexible packaging purposes.

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As per FMI, the functional films market is poised to reach US$ 47.17 Mn by 2031. The demand for both optical and coating films is considerably high. Of these, coatings films are expected to emerge dominant, exhibiting 8.7% CAGR over the forecast period.

Key Takeaways of Functional Films Market Study

  • Application across various industries will continue driving functional films market at .2% CAGR through 2031
  • The U.S. remains the leading functional films market in North America, accounting for over 68% sales in 2021
  • After an insignificant year in 2020, the U.K. market will bounce back, registering a little below 6% y-o-y growth in 2021
  • Germany and France will remain key markets. Of these, Germany will remain dominant through the forecast period
  • Exceptional growth is likely in Japan, as it continues registering expansion of various end-use industries

“Functional films market, like any other sector, is heavily reliant on prevailing trends. Currently, there is high focus on sustainability especially as some of the leading players invest in environment-positive technologies,” said a lead analyst at FMI.

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East Asia is expected to dominate the functional films global market. The intense activities in the region have stimulated market participants to engage in product innovations and steadily commercialize their products. In East Asia, the large demand owned by various end-use industries including consumer electronics and automotive, is likely favorable to mold the Functional Films market. The market growth is also dependent on various other factors such as raw material availability and large consumption base.

Who is Winning?

Some of the leading companies operating in the functional films market include 3M, Dai Nippon Printing Co. Ltd, Toray industries Inc, SABIC, Covestro AG and Saint Gobain Films.

The functional films market is a highly competitive market dominated global petrochemical and chemical manufacturers and key players who are actively involved in the printing and packaging sector.  Some players are adopting backward integration, directly purchasing petrochemicals and manufacturing films from scratch. The market is also driven by regional players and new entrants who are aggressively involved to build their brand name.

The Tier-1 players hold approximately half the global value share. Drive for product positioning and collaboration are some of the common behavioral trends in the global market.

There is increasing focus on sustainability, especially some of the leading players. For instance, Coveris has built two new extrusion lines at Cheshire-based facility in Winsford, in the U.K. This capacity expansion is intended at supporting the company’s goal to achieve pack positive sustainability.

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Functional Films Market by Segments

Product Type

  • Optical film
  • Coating film
  • Adhesive film
  • Conductive film
  • Reflection Films

End-use Industry

  • Automotive
  • Food & Medical Packaging
  • Renewable
  • Printing & Packaging
  • Other Industrial

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia-Pacific
  • Middle East & Africa

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Stainless Steel Market anticipated to reach US$ 193.97 Bn by the end of 2031 – FMI

Stainless steel market is anticipated to reach US$ 193.97 Bn by the end of 2031 owing to the increasing demand from various industries. As per a study by Future Market Insights (FMI), the growing demand for corrosion resistant material, with high tensile strength material in various sectors such as chemical industries, petrochemicals industries, food and beverage industries, oil & gas, automotive sector, construction industry and many others is anticipated to augment the growth of the stainless steel market in the coming years.

Also the use of stainless steel is rising in the production of home appliances, cookware, and cutlery, which is expected to continue enabling sales in the market. Austenitic stainless steel is estimated to remain the top-selling stainless steel owing to its application in chemical industry, equipment and storage tanks manufacturing, in mining and chemical equipment, in pharmaceutical equipment, and in cookware and cutlery. According to the report, more than 77% of stainless steel sold in 2021 will belong from this category.

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Key Takeaways of Global Stainless Steel Market Study

  • The global stainless steel market is estimated to expand at a CAGR of 5.5% during the forecast period of 2021-2031
  • Presence of well-established industries and expansion of power plants sealed America’s dominance, enabling the U.S. represent over 86% of North America stainless steel market in 2021
  • Expansion of building and construction sectors will drive sales in Germany and France
  • The U.K. will remain a key market, exhibiting 4.4% y-o-y growth in 2021 after a brief period of negative sales
  • Backed by increasing production of stainless steel, China will remain dominant in East Asia

“Companies operating in the stainless steel market are focusing on capacity expansion. A trend which will continue through the assessment period, enabling growth in the stainless steel market,” said an analyst at FMI.

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Growing demand from various end use sectors is projected to boost the Stainless Steel market significantly during the forecast period 2021-2031. China, U.S., and Japan are anticipated to remain prominent countries in the market of stainless steel, owing to presence of various end-use sectors and excellent production capacity of stainless steel.

However, owing to the pandemic impact in the year 2020, stainless steel market is expected to witness a significant downfall in the growth due to the disruption in the supply chain and decrease in demand. However, post the pandemic crisis, the market is anticipated to grow with a significant growth rate over the forecast period.

Who is Winning?

The global stainless steel market has been identified as a significantly fragmented market along with organized sectors occupying a fair share of the overall market. Some of the key market participants which are included in the report are ArcelorMittal, Nippon Steel and Sumitomo Metal Corporation, POSCO, JFE Steel Corporation, AK Steel, Thyssenkrupp AG, Hyundai Steel Co., Ltd., Outokumpu, Acerinox, Yieh United Steel Corp., Baosteel Group, Aperam, Jindal Stainless Limited, Gerdau, and Vallourec.

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Stainless Steel Market by category

Type

  • Austenitic Stainless Steel
  • Ferritic Stainless Steel
  • Duplex Stainless Steel
  • Martensitic Stainless Steel
  • Precipitation Hardening Stainless Steel

Form

  • Flat Products
  • Long Products
  • Tubular Products

End Use

  • Building & Construction
  • Industrial Machinery & Components
  • Automotive & Transportation
  • Home Appliances
  • Cookware & Cutlery
  • Medical & Surgical Tools
  • Others

Region

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

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