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The global powder injection molding market is projected to register a healthy growth pace with a CAGR of 9.3% from 2022-2032.

“Power injection molding market has witnesses the dynamics and will witness a high CAGR in the forecast period as the application of PIM is increasing and new opportunities are coming on the way of manufacturers.”

Powder injection molding is an industrial manufacturing solution for producing alloy, metal, and ceramic parts. This process is widely used on account of its advantages, such as cleaner product output over other processes.

The powder injection molding market is likely to grow with double digit CAGR over the entire forecast period.

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What are the Growth Influencers of the Powder Injection Molding Market?

“Covid-19 has increased the need of medical equipment, which has unlocked potential for the powder injection molding market excessively.”

One of the major driving factors for global powder injection molding market includes growing demand for the miniaturized complex components to be used as high performance materials pertaining to various end-user industries.

In addition, growing demand for medical equipment has fueled the demand for powder injection molding to manufacture medical micro-parts to be used in various medical procedures and techniques. Invasive surgery, intravenous therapy, advanced drug delivery and vascular therapy require precise equipment manufactured with state of the art manufacturing method.

Intricate shapes of medical devices require specialized manufacturing methods. Ability of powder injection molding method to form precise shapes as compared to conventional manufacturing methods is supplementing the growth of medical and healthcare application segment.

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How is the Global Powder Injection Molding Market Classified?

“Marketing powder injecting molders on the basis of high durability to withstand temperature & pressure can garner sales from defense, automotive, and aerospace.”

The powder injection molding market can be segmented on the basis of its technology, such as ceramic injection molding (CIM) and metal injection molding (MIM). These technologies are expected to grow further owing to the demand from applications such as automotive, medical, healthcare, aerospace, consumer products, industrial machinery and others.

Growing industrial expansion activities in regions such as Asia Pacific and Rest of the World are likely to spur the demand for powder injection molding market in such applications. Further, expansion in the machine manufacturing industry in the last few years serves as an opportunity for powder injection molding in various inter-related applications.

Further, on the basis of raw material used; global powder injection molding market can be categorized as stainless steel, soft magnetic alloys, titanium alloys, and low-alloy steels. Raw materials are selected on the basis of its end-use industry where innovation in the material science industry has led to the expansion of application areas.

Some of the key end-usages propelling the demand for powder injection molding processes include electronic gadgets, medical equipment, firearms, and automotive components.

Which Region is Leading in the Powder Injection Molding Market?

“Cashing in on opportunities pertaining to the popularity of miniaturized complex components will unlock market penetration opportunities.”

Asia Pacific is currently the dominant market for ceramic and metal injection molding at a global level. Powder injection molding market is mostly prevalent in the automotive industry, where machine and machine-component manufacturers serve as the dominant market share end-user group for powder injection molding process.

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Further, powder injection molding market is supplemented by new environmental regulations, mandatory for companies to streamline production methodologies and reduce emissions. Consequently, the market for powder injection molding is growing as it produces parts to near net shape, thereby eliminating secondary machining processes.

Moreover, increasing firearms usage in the defense industry, especially in the U.S., is expected to boost powder injection molding industry growth in North America. Asia Pacific demand for powder injection molding is driven by the demand from electronics component applications.

Europe powder injection molding market is dominated by automotive application, whereas, North America powder injection molding market is dominated by medical & healthcare applications.

Therefore, it is expected that the regional market of powder injection molding market varies on a broader spectrum due to the variation in technology along with the variation in end-user industries growth in the respective regions. Further, market participants are more focused to target respective end-user industries to manufacture specialized products.

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Key Segments

Carbon nanotubes are used in these polymers as strength and weight enhancers which in turn boosts the demand for polymers as reinforcing material.

Governments are investing time and money to promote the application of carbon nanotubes at the domestic level which is generating new opportunities for the manufacturers.

Moreover, its adoption is surging with new wind energy generation projects. High demand for polymers in the electronics and electrical industry also accounts for market growth. Polymers will continue their market lead as end-user on the back of high demand for engineered plastics across major end-use industries. On a different front, chemical vapor deposition method for production will gain preference over other alternatives by 2030.

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Innovations Drive the Market Penetration of Carbon Nanotubes

Excellent semiconducting properties are driving the market towards high-end applications. Probabilities of replacing existing computer chips are attracting the market players. Also, carbon nanotubes are finding applications in plastics additives, given their flame-retardant and environment-friendly properties. Newfound use of nanotubes in x-rays is opening a new door of opportunities. The application of carbon nanotubes in unconventional applications such as speakers is bolstering their demand. In addition to the above, the adoption of carbon nanotubes in increasing in the medical field, where it is being used in biosensors for yeast infection diagnosis. Furthermore, its application to target tumors is increasing its penetration across the medical sector.

Despite these growth prospects, the high manufacturing cost of carbon nanotubes is challenging their adoption. The health hazards associated with their production is restraining market growth.

Market Revenue to Decline Amid COVID-19 Pandemic

The COVID-19 pandemic has substantially reduced the on-going research & development activities in the market. The low footfall across different industries is negatively influencing the market revenue. The market growth rate is expected to decline dramatically during this pandemic. However, this decline will be short-lived and the market will regain its shape soon.

Global Carbon Nanotubes Market – Competition Landscape

The market players are investing in research & development activities to gain a competitive edge. They are exploring growth prospects in new use cases to expand their market footprint. Market competitors are grabbing the revenue prospects in solar cells and other alternatives to energy generation. Besides energy generation they are tapping unexplored opportunities in renewable energy storage and lithium-ion batteries. Players are strengthening their presence in emerging Asia Pacific economies to benefit from the abundant raw material supplies.

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Leading players are collaborating with small players to expand their regional footprint. Established players profiled in the global carbon nanotubes market include

Nanocyl S.A

CNano Technology Ltd. (USA)

Showa Denko K.K.

Arkema S.A. (France)

Bayer MaterialScience AG.

Report Highlights

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.

The global carbon nanotubes market can be segmented on the following basis:

Ferric sulfate is a whitish yellow crystalline compound. It is acidic in nature and is corrosive to copper, copper alloys and galvanized steels. It is soluble in water and is hygroscopic in nature. It can be extracted from its ores such as mikasaite, lausenite and kornelite among others. Commercially, it is manufactured by oxidizing ferrous sulfate. The largest application of ferric sulfate is in waste water purification.

The growing awareness towards health is the primary driver for the growth of ferric sulfate market. The presence of various harmful chemicals and suspended particles in water are undesirable and need to be clarified in order to make it suitable for consumption. Ferric sulfate is used to coagulate contaminants and make water potable. Another key driver for the market of ferric sulfate is the growing semiconductors industry. Double distilled water is used in the semiconductor industry. One of the preliminary steps to obtain double distilled water is the use of ferric sulfate.

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The growing electronic and micro chips industry is driving the market of ferric sulfate and is expected to continue this trend in the forecast period. Ferric sulfate is however, highly acidic. When ferric sulfate comes in contact with skin it causes severe burns. Thus, the storage and handling of ferric sulfate has to be conducted with extreme caution and is expected to hinder the growth of the market. The growing GDP of BRICS nations is expected to open new areas of opportunities for the ferric sulfate market. Additionally, ferric sulfate is used as an alternative to aluminum salts for water purification, since the presence of aluminum in treated water is undesirable and a cause of concern to many. This is expected to increase the usage of ferric sulfate in waste water treatment, in the forecast period.

Owing to the strict European Union norms of water purification and phosphorous removal from drinking water, the usage of ferric sulfate is expected to grow in the European Union. The largest market for ferric sulfate is expected to be China, where treated water is used extensively in agricultural farms for irrigation and in the semiconductor industry. The growing transition of the semiconductor industry from countries such as Taiwan, Japan and Korea to China has fuelled the growth of ferric sulfate market. The U.S and Japan markets are mature and are showing minimal growth in the market of ferric sulfate.

Ferric sulfate is also used as an anti-hemorrhagic agent and as an astringent. It contracts tissues to seal injured blood vessels, thereby preventing blood loss due to trauma. This application of ferric sulfate makes it suited for trauma and emergency centers of hospitals.  Ferric sulfate produces a dark red color when dissolved in water. Due to this property, ferrous and ferric sulfate are used in dyes and pigment industry. Ferric sulfate is used to remove bacteria, arsenic and heavy metals such as chromium, lead, selenium from water, additionally it prevents odor by eliminating hydrogen sulfide. Ferric sulfate is functional over a wide pH range making it suitable for clarification of a wide variety of water samples. In waste water treatment, it is used as a coagulant and a sludge thickening agent.

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The major players in this market include-Alfa Aesar, Beijin Ouhe Technology Co Ltd, Chengdu XiYa Chemical Technology Co Ltd and Nanjing Vital Chemical Co Ltd among others. This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, regions, product types and distribution channels.

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

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Glass is one of the most common containing material used in various industries, and advancements in the use of glass have provided considerable impetus on the importance of glass additives. The transparency of basic glass materials has led to the need for colouring them for the purpose of classification, which has influenced the demand for various glass additives. The rising need for coloured opaque glass that is thick, durable and has higher reactive stability will endure the demand for quality glass additive materials. The use of metal additives to improve the conductivity of glass vessels has also resulted a surge in demand for glass additives from healthcare, pharmaceuticals and chemicals industries. Moreover, technological developments such as using inorganic compound called lanthanum oxide as an additive that boosts strength and enhances refractive index of glass materials have incited the demand in the global market for glass additives.

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Global Glass Additives Market: Drivers & Restraints

The prime factor driving the growth of the global glass additives market is the extensive use of glass in fibre optics, electronics, and consumer goods. As a result, the demand for additives that help differentiate and enhance the glass materials has bourgeoned. Besides this, the other key factors influencing the growth of the glass additives market include,

The Influence of Nanoparticle Technology

The scientific developments in nanoparticle and chemical technologies has resulted in the higher adoption of nanoparticle additives that supplement the insulation factor of glass materials. Reduction of the glass bubbles to provide low resistance sea bottom drilling is one of the most recent example of the use of nanoparticles-based additive, which has fuelled the demand in the global market.

Rising Consumption of Glass as Packaging Material

Glass materials are extensively used in the food & beverages sector, and have been the most-preferred packaging material for soft drinks and edible semi-fluids. In pharmaceuticals industry as well, glass is perceived to be one of the most reliable type of packaging material. The demand for enhanced additive substances is expected to surge, owing to the need for upgrading the strength and the sustainability of glass against reactive substances.

The pervasive use of glass particles in electrical and electronic devices has increased the demand for additives that reinforce specific features into the glass material. However, the growth of the global market for glass additives is being limited, owing to the restraints such as,

Growing adoption of plastic as an inexpensive alternative to glass.

Relatively low costs of plastic additives.

Unavailability of rare earth metals which are used as crucial glass additive materials.

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Glass Additives: Market Stratification

The global market for glass additives can be generally classified into the type of glass additives, which include metal alloys, nanoparticles, polymers and rare earth metals. Based on the application of glass additives, the market is primarily differentiated into silicate glass manufacturing, 3D printing, aerodynamic levitation, glass transition, and customisation of tableware, lamps and eye glasses, among others. Also, the market can be classified based upon the basic chemical elements used as glass additives, which include iron, manganese, sulphur, nickel, titanium, chromium, uranium and other rare earth metals.

Leading Companies in Global Glass Additives Market

The use of additives has helped glass manufacturers to put forth tough competition in the production businesses. Reduction of costs and energy efficiency derived from the use of glass additives will continue to encourage the expansion of the leading companies in the global glass additives market. BASF SE, DuPont, Torrecid Group, Bayer Material Science, Nanobase among others, are observed as the key players dominating the global market for glass additives.

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• Potential and niche segments, geographical regions exhibiting promising growth
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About 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, the global financial capital, and has delivery centers in the 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.

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Europium is a rare earth metal which oxidizes readily in presence of air and water. It is generally present in oxide form and has applications in automobiles, catalysts, consumer electronics, flat panel displays, metallurgy and fluorescent lamps and as a dopant of glass in lasers and optoelectronic devices.

Growing demand from flat panel displays and LEDs in Asia Pacific market is expected to drive the market. The shift from traditional lighting to solid state lighting systems in displays is expected to fuel the market for flat panel displays and LEDs. Increasing civil infrastructure is the main factor behind growing demand for LEDs owing to its use in street lighting and highway lighting. However, the supply issues and lack of refining, alloying and fabricating technologies for europium are expected to hamper the growth of this market. Technological advances in the field of earth metal nano-crystals are expected to provide immense opportunities for the players in this market. Europium nano-crystals are being use in the LEDs as a phosphor which emits wide range of spectrum.

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Asia Pacific region was the largest consumer of europium and its derivative products. China contributes highest for the consumption of this metal owing to increasing population, improving living standard and disposable income. Growing demand from Japan, Korea and China for consumer electronics is fueling the market in this region. China is the largest manufacturer of europium and its derivatives. However, export restrictions and increasing local demand has been causing supply issues. Asia Pacific is followed by North America owing to demand from LEDs and consumer electronics industries. Decreased exports from China causing development of new exploration and production sites in this region to fulfill the demand.

The key players in europium market include Rare Element Resources, Avalon Rare Metals Inc., Molycorp, Lynas, Minmetals Corporation, Baotou Steel Rare-Earth, Xiamen Tungsten, Great Western Minerals Group Ltd., Indian Rare Earth, Arafura Resources Ltd. and Canada Rare Earth Corporation among others. This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, regions, product types and distribution channels.

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• Market Segments
• Market Dynamics
• Market Size & Forecast 2015 -2025
• Supply & Demand Value Chain
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain
• Market Drivers and Restraints

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• 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

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Deicing fluid is the process of removing ice, snow from a surface. Deicing fluids lower the freezing point of water and typically comprise of salts, glycols and alcohols. Other methods of deicing include mechanical methods such as scrapping and pushing or by applying heat. Deicing fluid is sprayed on the surface using hoses or spray guns. Deicing is used in several application segments namely transportation, aviation and for consumer needs.

Demand for deicing fluid typically depends on the climatic conditions of a region. Demand for deicing fluid is primarily driven by growth in population and tourism in cold regions. Aviation segment dominates the global demand for deicing fluid and has been among the major drivers for market growth. Several deicing fluid cause rusting and degradation of applied surfaces which has been a major restraint for market growth. Availability of cheap substitute such as mechanical methods of scrapping, heating has also restrained deicing fluid market growth. Increasing research and development activities to increase the application scope of deicing fluids is expected to offer huge growth opportunity for the market.

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North America dominates the demand for deicing fluid and the trend is expected to continue in the near future. Europe accounts for the second largest market for deicing fluids. The regions have several countries with suitable climatic conditions. Emerging economies in the Eurasia region is expected to offer huge growth opportunity for the market. Increasing awareness in the various developing regions of Eastern Europe and Antarctica is expected to drive the market during the forecast period.

Major players in the deicing fluid market include The Dow Chemical Company, Kilfrost, E. I. du Pont de Nemours and Company, Henan Allrich Chemical Co., Ltd., Cre Chem Qingdao Limited, and Weifang Qiangyuan Chemical Industry Co., Ltd. among others. This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, regions, product types and distribution channels.

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The report covers exhaustive analysis on:

• Market Segments
• Market Dynamics
• Market Size & Forecast 2015 -2025
• Supply & Demand Value Chain
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain
• Market Drivers and Restraints

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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

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Cytokinins is a plant growth hormone which promotes cell division in plant shoots and roots. Types of cytokinins include adenine- type and phenyl urea type. The applications of cytokinins include biomedicine, pharmaceutical, agriculture and others.

Increasing demand from organic food industry and textile industry is expected to drive the market. Cotton is used in textile industry as basic raw material and cytokinins are being used to increase the cotton production. Growing population and inclination towards organic food is anticipated to drive the organic food industry. Demand for herbal products in medicines and cosmetics is driving the growth of herbs and medicinal plants industry which is expected to drive the cytokinins market. However, use of fertilizers and cost of the cytokinins based product are expected to hamper the market growth. Developing cost effective products and eco-friendly synthesis of the cytokinins is expected to provide immense opportunities in the near future.

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Europe was the largest consumer of cytokinins owing to demand from organic food chemistry and government policies to use eco-friendly agrochemicals. Various national governments are enforcing farmers to use eco-friendly plant growth enhancers than using chemicals based fertilizers. Asia Pacific region is expected to grow at higher rate owing to demand from emerging economies such as China and India. Growing population and demand from cotton based textile industry is expected to drive the market in this region. To provide food to population and cotton to textile industry, cytokinins are being used to increase the production. North America followed Asia Pacific region and is expected to grow with moderate rate owing to demand from organic food and medicinal plants industry.

Key players in this market include BASF SE, Crop Care Australasia Pvt Ltd., Du Pont, Redox Industries, Xinyi Industrial Co. Ltd., Bayer CropScience, Sichuan Guoguang Agrochemical Co. Ltd, Sigma Aldrich, NuFarm Ltd., and amongst others. This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, regions, product types and distribution channels.

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The report covers exhaustive analysis on:

• Market Segments
• Market Dynamics
• Market Size & Forecast 2015 -2025
• Supply & Demand Value Chain
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain
• Market Drivers and Restraints

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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

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Acidity regulators are pH control agents that are used as food additives in order to regulate the acidity or basicity of the food product. Acidity regulators may be mineral or organic acids, neutralizing agents, bases or buffering agents. Acidity regulators are indispensable to the food and beverage industry and are extensively used in diverse applications such as beverages, processed food, condiments, bakery items, confectionary items, sauces and dressings, among others. They regulate and stabilizethe pH balance and act as preservativesfor the food product in order to optimize its shelf life. Apart from improving the shelf life of the food products, acidity regulators also act as a flavoring substance in confectionary items and condiments. They are also used as taste modifiers and often add a sharp taste to the food product and also function as gelling agents. Acids are naturally present in many fruits and vegetables such as lemons, oranges, mangos, tomatoes, strawberries and apples. Acidity regulators can either be extracted from natural sources or manufactured synthetically.

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Based on types, acidity regulators can be broadly classified into acetic acid, lactic acid, citric acid, maleic acid and phosphoric acid. These food additives exhibit preservative, anti-microbial and pH stabilizing properties that increase the shelf life of the food products. The acidity regulator market has gained considerable momentum over the past decade owing to the growth in demand for end-user applications such as beverages and processed food. There has been an increased demand for processed food and health-conscious products among the new age consumers which has positively affected the demand for food acidity regulators.The end-user segment for beverages (non alcoholic and soft drinks) constituted the largest share for acidity regulators demand followed by sauces, dressings and condiments. Processed food is expected to exhibit the third largest demand for acidity regulators globally. By product types, citric acid enjoys the largest demand, closely followed by phosphoric acid. These acids are preferred over the others in the beverage applications due to their properties, which explain their high demand.

The growing consumer acceptance for processed food and ready-to-drink beverages has also favorably affected the demand for acidity regulators. Rising disposable income levels and time constraints faced by the global population has also increased their preference for packaged food. Moreover, in the fast-paced lifestyles, ready-to-eat and ready–to-cook foods find preference among the young consumers as it saves precious time. Acidity regulators are used in frozen foods, canned foods as well as dried foods.

The acidity regulator market has witnessed a number of innovations and improvisations among manufacturers in recent years and this is expected to bode well for the industry in the coming years. Traditionally, most of the acids were extracted by the process of natural fermentation. However, many manufacturers turned to various modern extraction techniques such as methanol carbonylation, acetaldehyde oxidation and oxidative fermentation which provide higher yield of acids, to cope with the increasing demand.

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Asia Pacific accounted for the highest demand for acidity regulators in 2014, and China generated the highest demand, followed by India. China also accounted for a huge number of manufacturers, providing tough competition for the Western companies. Asia Pacific is also expected to the fastest growing region in terms of acidity regulator demand. North America accounted for the second largest market for acidity regulators in the same year, followed by Europe.

Some of the key companies that operate in this market are American Tartaric Products, Fuerst Day Lawson, Archer Daniels Midland, FBC Industries Inc., Parry Enterprises India, and Chemelco International, among many others.

This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, regions, product types and distribution channels.

The report covers exhaustive analysis on:

• Market Segments
• Market Dynamics
• Market Size & Forecast 2015 -2025
• Supply & Demand Value Chain
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain
• Market Drivers and Restraints

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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

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Dysprosium is a rare chemical element which has symbol Dy and has atomic number 66. It is never found as a free element, but has its presence in various minerals which include fergusonite, gadolinite, and xenotime among others. It is obtained from ion-adsorption clay ores of southern China. Dysprosium is a naturally occurring element which consists of seven isotopes among which 164Dy is the most abundant. It is has a metallic, bright silver luster and soft enough which can be cut with knife. Physical characteristics of dysprosium can be affected by very small amount of impurities. Dysprosium has the highest magnetic strength among other elements. In addition, holmium has the same magnetic strength as that of dysprosium. Production of dysprosium is done primarily from monazite sand which is a mixture of various phosphates. The applications of dysprosium include manufacture of laser materials, commercial lightning, studying chemical reactions, used in neutron absorbing rods in nuclear reactors and are widely used in various data storage applications that include hard disks.

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The key drivers for the growth of dysprosium market include the demand from automobile manufacturing companies owing to large demand of dysprosium for manufacture of batteries which consume several pounds of rare earth elements. Moreover, dysprosium is also employed in manufacture of neodymium-iron-boron high permanent magnets which is injected into joints to treat rheumatoid arthritis. Hence, large demand from the healthcare sector is also expected to fuel the demand of dysprosium in the market. Asia Pacific is said to be the greatest consumer of dysprosium owing to dominant producer of rare earth elements.

The key players in the dysprosium market are: Lynas (Australia), Arafura (Australia), Molycorp (California), Avalon (Canada), Greenland Minerals, Tasman Metals Ltd. and Quest Rare Minerals among others.

This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, regions, product types and distribution channels.

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The report covers exhaustive analysis on:

• Market Segments
• Market Dynamics
• Market Size & Forecast 2015 -2025
• Supply & Demand Value Chain
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain
• Market Drivers and Restraints

Report Highlights:

Conveyor belts are the most commonly used industrial component that simplify the process of carrying various materials and objects from one place to another, especially in industrial environments. With the help of at least two or more pulleys, conveyor belts rotate across the route of transported objects throughout the predefined area. 

With the increasing industrialization and urbanization across the world, especially in developing economies, the demand for conveyor belts in most industrial scenarios has surged dramatically. Macroeconomic factors such as growth in GDP, and microeconomic factors such as developments of commercial places such as shopping malls and airports, are among the predominant parameters that notify the potential rise in demand for conveyor belts in the coming years, triggering growth of the global conveyor belts market.

Single-layered Conveyor Belts Preferred over Multi-layered Conveyor Belts for Performance Characteristics

Single-layered and multi-layered conveyor belts are commonly used in a wide range of industrial applications, and the materials used include rubber. During the production of conveyor belts, compounds of rubber are commonly plasticized to enhance the operational efficiency of both – single-layered and multiple-layered conveyor belts.

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However, in a majority of industrial applications, end users are preferring single-layers belts in order to avoid the risk of air inclusion in their multi-layered counterparts, which often leads to a decline in efficiency and overall life span of conveyor belts.

In the recent years, end users are more inclined towards resorting to customized options of conveyor belts that can more precisely suit their applications. Leading players in the global conveyor belts market are concentrating their efforts on offering more customized designs of single-layered conveyor belts to meet the specific needs of end users vis-a-vis conveyor belt length, capacity, structure, and maintenance.

Applications across Warehouses and Distribution Centres Create New Sales Potential

Increasing growth of the ecommerce industry has given rise to the expansion of the warehousing & distribution facilities across the world, and as a result, it is emerging as a significantly large end-user in the global conveyor belts market. Furthermore, positive growth of the supermarkets and retail store chains is also giving rise to the burgeoning applications of conveyor belts in the warehouses of these retailers, and this also amplifies the demand across the consumer goods sector.

Leading players in the global conveyor belts market are expected to capitalize on the increasing investments in the warehousing and distribution centres, especially in developing economies. Lifestyle changes, purchasing power of consumers, and relaxations in government’s foreign investment regulations will further boost investments in e-commerce across these economies. Consequently, this is expected to create lucrative opportunities for conveyor belt market players to tap for growth.

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Conveyor Belts Market: Region-wise Analysis

Based on geography, the conveyor belts market is divided into seven regions – North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa. Among all the economies, the sales of conveyor belts are heavily concentrated in developed countries in Asia Pacific, mainly in India and China, and the region is expected to continue to maintain its leading position in the global market for conveyor belts in the coming years. The continually increasing growth of industries and ballooning investments in the industrial spaces in the region creates immense potential for the sales of conveyor belts in Asia Pacific.

Asia Pacific, followed by North America, will continue to attract market leaders with lucrative opportunities for business in the coming years. North America, being the second largest market for conveyor belts, may exhibit saturation in a significantly wide range of end use industries. As a result, the conveyor belts market in the region may witness sluggish growth in the foreseeable future. Nevertheless, the regional markets in other areas such as Latin America and Africa will still witness a healthy growth, mainly attributing to the positive growth prospects of the developing economies in these regions.

Conveyor Belts Market: Competitive Landscape

Being a fragmented market in nature, regional players in the conveyor belt market are expected to have a competitive edge. With the intense competition in the global market, local manufacturers are expected to modify their pricing strategies and offer diversified portfolios of products. Introducing customized features of conveyor belts at competitive prices is expected to emerge as a popular strategy among leading players in the conveyor belts market. Key stakeholders in the market include

• Bridgestone
• Bando Chemical Industries
• QingDao Rubber Six
• Goodyear
• ContiTech AG
• ContiTech AG, Zhejiang Double

Leading players in the conveyor belt market are introducing multiple accessories to simplify maintenance tasks for end users, and gain momentum in the conveyor belts market. For instance, Martin Engineering – a global manufacturer of material handling solutions including belt cleaners, dust management solutions, and industrial vibrators – announced in April 2020, that is has introduced its new Martin N2 position indicator (PI) that can monitor primary belt cleaner blades, track the performance of conveyor belts, and notify service technicians when when replacement or re-tensioning is required.

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In February 2020, ASGCO – a conveyor belt solutions company based in Allentown, Pennsylvania in the United States – announced that it has designed a new conveyor belt cleaner by making the use of a method where the urethane blade is pinned in place, and it does not require to to mill any slots for holding pins. The company also declared that the new cleaner can be used in a wide range of applications such as mining, bulk shipping terminals, pulp and paper mills, and steel mills.

Region-wise Analysis

• North America (U.S., Canada)
• Latin America (Mexico, Brazil)
• Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
• East Asia (China, Japan, South Korea)
• South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
• Oceania (Australia, New Zealand)
• Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

Report Highlights

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.

Conveyor Belts Market: Segment Analysis 

The conveyor belts market can be segmented on the basis of the following:

By Belt Type

• Heavy-weight
• Medium-weight
• Lightweight

By Material

• Polymers
• Metals
• Others

By Type

• Crescent
• Floor
• Overhead
• Pallet
• Roller

By Installation

• Stationary
• Portable

By End-use Industry

• Automotive
• Airport
• Retail
• Poultry & Dairy
• Food & Beverage
• Industrial
• Others

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