Market Research Blog – Page 1483 – New Product Development

Global Screw Conveyor Market Poised for Robust Growth: Projected to Surpass US$ 1.4 Billion by 2032 with a 4.8% CAGR

According to Future Market Insights, global screw conveyor sales are expected to reach around US$ 884.2 million in 2022. Over the forecast period 2022 to 2032, the overall market size is expected to grow at a 4.8% CAGR, surpassing US$ 1,416.3 million by the end of 2032.

The increasing use of screw conveyors in various industries such as food and beverage, pharmaceutical, and mining and metallurgy is driving growth in the global screw conveyor market. Screw conveyors are pieces of equipment that are used to transport or move bulk materials from one stage of a process to another. Adoption of these machines has significantly increased overall productivity in industries. As a result, they are increasingly being used in a variety of industries.

Screw conveyors are commonly used to mix raw materials and transport material from one workstation to another in food and beverage processing plants. To ensure the safe movement of raw ingredients during the manufacturing process, food and beverage industries that use a high proportion of powdered ingredients require an automated conveying system.

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Screw conveyors are commonly employed by firms involved in the processing of food powders, raw materials, ready-to-eat foods, beverages, and dairy products. Hence, rising demand for these products will eventually elevate screw conveyor demand over the forecast period.

Similarly, increasing mining and agricultural activities, rapid growth of pharmaceutical industry, and rising export of conveying systems are expected to boost the global screw conveyor industry duirng the projection period.

Screw conveyors are widely used in the powder and raw ingredient processing industries, and the pharmaceutical industry frequently demands excipients (medicated powder formulations) for capsule or tablet formulations. Thus, expansion of pharmaceutical sector will create lucrative opportunities for screw conveyor manufacturers over the projection period.

Key Takeaways from Screw Conveyor Market Study

During the forecast period (2022 to 2032), the screw conveyor market will expand at a CAGR of 4.8%.
By product type, horizontal screw conveyor is estimated to account for over 44% share of the global market in 2022.
Based on end use, the food and beverages segment will dominate the market, creating an incremental opportunity of about US$ 103.8 Mn between 2022 and 2032.
Amid high penetration of automation, North America’s screw conveyor market is expected to expand at a CAGR of 4.5% during the assessment period.
Screw conveyor demand in China is poised to increase at a CAGR of 5.2% from 2022 to 2032.
Germany is anticipated to hold around 35% of market value share in Europe market over the forecast period.

“The ever-expanding end-use industries such as agriculture, mining, and so on, both in developed and emerging nations, are expected to drive the expansion of the screw conveyors market over the forecast period. Besides this, the growing usage of automated production lines across various sectors will fuel screw conveyor sales,” says a lead FMI analyst.

Who is winning?

The Screw Conveyor market is highly fragmented with the global player acquiring around 10% to 15% of the market share. Key players in this industry include Martin Sprocket & Gear, Inc., BEUMER Group GmbH & Co. KG, Flexicon Corporation, Screw Conveyor Corporation, Vecoplan AG, Conveyors, Inc., KWS Manufacturing Company Ltd., VAC-U-MAX and Others.

Find More Valuable Insights

The research report analyzes the demand for Screw Conveyors. The global Screw Conveyor market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends, and market background. The market has been analyzed based on product type, rotation capacity, end use, and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both supply-side and demand factors.

About Future Market Insights – Industrial Automation

The Industrial Automation division of Future Market Insights offers a novel approach and innovative perspective in analyzing the industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial, and special-purpose machinery across the manufacturing sector and distinctive analysis of the installed base, consumables, replacement, and USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders and channel partners when it comes to sustaining, growing, and identifying new revenue prospects.

Global Screw Conveyor Industry by Category

By Product Type:

Horizontal Screw Conveyor
Inclined Screw Conveyor
Vertical Screw Conveyor
Shafted Screw Conveyor
Shaft-less Screw Conveyor

By Rotation Capacity:

Less than 45 RPM
45-105 RPM
105-165 RPM
Greater than 165 RPM

By End Use:

Mining and Metallurgy
Agriculture
Food and Beverage
Chemical
Pharmaceutical
Others

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Dust Control Systems Market Expects a Steady Growth of 4.34% CAGR, Reaching USD 26,628.99 Million Revenue Share by 2034

The global dust control systems market is poised for significant advancement, projecting a substantial leap from its 2024 valuation of USD 17,411.91 million to an impressive USD 26,628.99 million by 2034. This remarkable growth, driven by a compelling Compound Annual Growth Rate (CAGR) of 4.34%, underscores the escalating importance of dust control systems across diverse industries.

At the core of this surge lies an intensified awareness of health-related concerns. In an era increasingly prioritizing health consciousness, industries are actively embracing cutting-edge dust control systems as indispensable tools for mitigating health risks associated with airborne dust particles. These systems play a crucial role in establishing safer and healthier work environments. Amidst this dynamic landscape, the dust control system market emerges as a pivotal player in the relentless pursuit of enhanced air quality and workplace safety.

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Advancing Dust Control Systems Market Driven by Health Focus and Industry Progress:

The growth trajectory of the dust control systems market is poised for acceleration, fueled by heightened health awareness and dynamic technological innovations across diverse sectors. Notably, the food and beverage industry is set to witness robust demand, driven by increasingly stringent regulations on food packaging practices.

Key drivers of this market’s ascent include the surging requirement for packaged food, rapid industrialization, and an unwavering commitment to worker safety. Governments worldwide are intensifying their efforts to introduce and enforce regulations and standards that prioritize both environmental and worker safety, thereby catalyzing the positive trajectory of the dust control systems market.

Within this landscape, dust control systems manufacturers are strategically focusing on the development of high-performance and cost-effective solutions to bolster clean production processes. Future endeavors by key players and manufacturers are expected to revolve around amplifying production and sales of customized dust control systems tailored to address specific dust control needs. For instance, sectors like mining activities and road construction necessitate dust control systems with unique features. Ensuring the well-being of workers remains crucial to sustaining and nurturing the growth of this market.

Global Dust Control Systems Market: Major Players

Prominent participants in the global dust control systems market include New Waste Concepts Inc, Colliery Dust Control (Pty) Ltd, EnviroSystems LLC, Camfil APC, National Environmental Service Company, United Air Specialists Inc, Sealpump Engineering Limited, Dust Control Systems Ltd, Dustcontrol Canada Inc, C&W Manufacturing and Sales Co, Dust Solutions Inc., and Piian Systems.

In September 2020, Camfil APC launched a line of HemiPleat® replacement filter cartridges designed to fit Oval industrial dust collectors. These filters utilize patented pleating technology that sets them apart from cartridges made with standard pleated filter media. The incorporation of synthetic beads keeps the pleats open, exposing more filter media to the airstream. This design enhances filter efficiency, reduces pressure drop, and improves the dust release process during pulse cleaning.
In April 2021, Sealpump Engineering Limited introduced two innovative products: the mobile Air-C 150 and Air-C Duo humidifiers and air purifiers. These new additions are perfectly suited for both office and home environments. Incorporating the Air-C 150 or Air-C Duo provides a simple and effective solution for enhancing the health, safety, and comfort of the spaces where you spend the majority of your time.

Key Segments:

By Type:

Dry Collection Dust Control System
Wet Suppression Dust Control System

By End User:

Dust Control System in Construction
Dust Control System in Mining and Metallurgy
Dust Control System in Energy
Dust Control System in Food and Beverages
Dust Control System in Chemicals
Dust Control System in Pharmaceuticals
Dust Control System in Oil and Gas

By Region:

North America Dust Control System Market
Latin America Dust Control System Market
Europe Dust Control System Market
Asia Pacific Dust Control System Market
Middle East and Africa Dust Control System Market

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Global Industrial Filtration Market Anticipated to Reach USD 101,248.3 Million Mark by 2033, Growing at 16.8% CAGR

The industrial filtration market is poised for remarkable growth, with a projected Compound Annual Growth Rate (CAGR) of 16.8% over the forecast period. By the year 2023, the industry is expected to reach a substantial valuation of USD 25,026.6 million, with forecasts indicating a staggering increase to USD 101,248.3 million by 2033.

At the core of this market lie advanced air filtration and separation systems, which serve as essential components in maintaining cleanliness and safety within various industrial settings. These cutting-edge technologies effectively eliminate harmful particulates and pollutants from the air, not only safeguarding the health and well-being of workers but also enhancing the durability and reliability of industrial equipment.

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Enhancing Workplace Air Quality through Robust Industrial Filtration Systems:

Industrial settings necessitate the implementation of effective and robust industrial filtration systems to enhance the air quality within workplaces. This need remains pertinent despite the utilization of protective gear like body suits and air filters by industrial workers.

As a result of these measures, several benefits ensue, including the elongation of machinery lifespans, heightened production output, and most notably, the prevention of airborne diseases.

Analysis forecasts a sustained surge in demand for filtration equipment in the forthcoming years. This is driven by the expansion of consumer goods such as air purifiers, water filters, and air conditioners that incorporate filtration technology.

Key Takeaways:

The industrial revolution’s onset spurred the establishment of numerous industries spanning diverse sectors, fostering extensive industrialization. This phenomenon is poised to exert a favorable influence on the growth trajectory of the industrial filtration market, propelling its consistent advancement.
Prominent sectors like cement, pharmaceuticals, paper, and petroleum prominently rely on industrial filtration. The adoption of activated carbon filters within the water treatment domain, specifically for chlorine and effluent removal, significantly contributes to the market’s expansion. Consequently, an impressive upswing in the integration of these filtration solutions across industries is anticipated, auguring accelerated market growth.
Further impetus arises from stringent regulations enforced by governmental and environmental bodies. These regulations have effectively curbed emissions of air and water pollutants, thus catalyzing the growth of the industrial filtration market.
Responding to health concerns, food and beverage entities are swiftly incorporating filtration systems within their manufacturing processes. This proactive measure aims to thwart ailments such as heart disease, obesity, and diabetes. With organic farming gaining traction and the widespread use of pesticides and fertilizers, concerns regarding food safety are mounting. This escalation is projected to drive the demand for filtration systems across the market.

Competitive Landscape:

Key market players in the global industrial filtration market are focusing on expanding their reach through acquisitions and mergers. They are also focusing on research and development to launch new products and get an edge over the global market.

Key Companies Profiled:

Eaton Corporation Plc, Industrial Filtration, Pentair Plc, Clarcor Inc., Mann+Hummel Group, Filtration Group Company, 3M Company, Cummins Filtration, Freudenberg Filtration Technologies, Fil-Trek Corporation, Alfa Laval AB, Parker Hannifin Corporation, W. L. Gore & Associates, Donaldson Company, ZwitterCo, Woosh, EKOTON Industrial Group, ESMIL Process Systems, MI Systems, mdi Memebrane Technologies.

Key Segments Profiled in the Global Industrial Filtration Market:

By Product Type:

Air Filters
Bag Filters
- HEPA
- ULPA
- PTFE Membrane
- Electrostatic Precipitator
- Others
Liquid Filters
- Strainers
- Cartridge
- Depth Filter
- Others

By End Use:

Automotive
Food and Beverages
Mining
Power Generation Plants
Chemical
Petroleum
Pharmaceutical
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excluding Japan (APEJ)
Japan
The Middle East & Africa (MEA)

Author:

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Large Synchronous Motor Market Gains Momentum, Anticipated Value of USD 11.4 Billion by 2033, With a 5.5% CAGR Growth

The Large Synchronous Motor Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Large Synchronous Motor market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Large Synchronous Motor. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2033. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.

The Large Synchronous Motor Market is poised for substantial expansion in the forthcoming years, driven by a surge in demand for energy-efficient solutions. These motors are widely acknowledged for their exceptional precision at consistent speeds, positioning them as the preferred choice in the industrial sector. As industries actively seek reliable and efficient power solutions, large synchronous motors emerge as a compelling option to meet the growing demands. Their capacity to maintain a stable velocity while delivering superior performance renders them highly suitable for diverse industrial applications.

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According to projections, the global large synchronous motor market is expected to attain a valuation of USD 6.5 billion by 2022. Industry players are propelling market growth through the development of technologically advanced large synchronous motors equipped with high-power and high-speed compressors. The market is anticipated to achieve a value of USD 11.4 billion by 2033, with a projected compound annual growth rate (CAGR) of 5.5% from 2023 to 2033. It is estimated to generate revenue of USD 6.7 billion by 2023. This trajectory underscores the increasing significance of large synchronous motors as a pivotal component in addressing the evolving needs of industries for robust and efficient power solutions.

The market is poised for significant expansion over the forecast period, driven by the capacity of large synchronous motors to address the growing need for energy-efficient solutions. Their exceptional precision at consistent speeds establishes them as key assets in the industrial sector. Moreover, the substantial increase in demand for highly efficient machine control motors emerges as a crucial factor propelling the global market for large synchronous motors. These motors are integral to diverse industries, encompassing mining, water treatment, and separation units, among others.
Key Takeaways from the Market Study

From 2018 to 2022, the market demand expanded at a CAGR of 4.3%
Based on the application, the compressor segment to accumulate a market share of 42.5% in 2023
By rated power, the 25 to 40 MW segment dominates the market with a share of 34%
North America to emerge as a promising market, capturing nearly 37% of the global market share in 2023
Asia Pacific to be an opportunistic market, expected to capture a CAGR of 5.4% during the forecast period.

Competitive Landscape

Prominent players in the large synchronous motors market are ABB, General Electric, WEG, Siemens AG, VEM Group, and Hyundai Electric & Energy System Co Ltd, among others.

Leading players operating in the global large synchronous motor market are focusing on intensive research and development for launching innovative products and services in the market.

Product innovation is the key strategy adopted by market players. Brand consciousness and aggressive marketing by top players however make it challenging for new entrants in this market.

The market players are also emphasizing offering large synchronous motor with high reliability and high performance. The market is benefiting from partnerships with a high focus on innovation.

Toshiba Mitsubishi-Electric Industrial Systems Corporation announced that together with Mitsubishi Electric Corporation they have developed an electrical motor-design support system incorporating Mitsubishi Electric’s Maisart^®* AI technology to dramatically shorten the time required to produce electrical motor designs that achieve the same performance as conventional design methods deployed manually by skilled engineers.
Siemens smart infrastructure added four new devices to its portfolio of Simatic ET 200 SP motor starters, which are used to start electric drivers with power output from 0.1 to 0.4 ampere

Know More about What the Large Synchronous Motor Market Report Covers

Future Market Insights offers an unbiased analysis of the global large synchronous motor market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the large synchronous motor market, the market is segmented based on rated power, end-use, and application across five major regions.

Key Segments Covered in the Large Synchronous Motor Industry Analysis

By Rated Power:

25 to 40 MW
40 to 60 MW
60 to 80 MW

By Application:

Compressor
Pump
Fans
Extruder
Mixers
Conveyors or Belts
Others

By End User:

Oil & Gas
Metal & Mining
Paper & Pulp
Chemicals & Petrochemicals
Automotive
Others

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Future Market Insights Projects Steady Growth for the PLA Cup Market from 2024 to 2034

Future Market Insights, a leading market intelligence provider, has unveiled its latest analysis on the Polylactic Acid (PLA) cup market, projecting a steady growth trajectory over the next decade. According to the updated report, the PLA cup market is expected to register a compound annual growth rate (CAGR) of 4.5% from 2024 to 2034.

The market, currently valued at an estimated USD 184.3 million in 2024, has witnessed a notable increase from its 2023 valuation of USD 175.2 million, reflecting a growth of 5.2%. By 2034, the market is anticipated to reach USD 286.2 million, marking an impressive 1.5x growth over the decade.

Key Growth Drivers: Eco-Consciousness and Aesthetic Innovation

The PLA cup market is being propelled by a growing consumer shift toward biodegradable products, driven by rising environmental awareness. With increasing concerns over plastic pollution, industries such as packaging and food service are turning to PLA cups as a sustainable alternative. The eco-friendly nature of PLA cups, which are derived from renewable resources like corn, aligns with consumer preferences for sustainable solutions.

Moreover, certifications such as the Programme for the Endorsement of Forest Certification (PEFC) and the Forest Stewardship Council (FSC) are gaining traction among market players. These certifications ensure that the materials used in PLA cup production come from responsibly managed forests, further enhancing the market’s appeal.

Personalization and aesthetic innovation are also key trends driving market growth. Manufacturers are investing in cutting-edge printing and design techniques to create visually appealing and customizable PLA cups. This not only enhances the product’s appeal but also serves as an effective marketing tool for brands looking to make a statement.

Market Competition

Some of the key participants present in the global PLA cup market include Biopac (UK) Ltd, Celebration Paper & Plastics Ltd., Avani Eco Hub, Eco-Products, Inc., Betterearth Llc, and Green Paper Products among others.

The global proliferation of COVID-19 has had a negative impact on biodegradable cup sales. The foodservice industry’s demand for biodegradable cups has decreased as a result of government-imposed food supply-chain delays and travel restrictions. The closure of cafeterias, quick service restaurants, and motels during the pandemic had a significant impact on sales of biodegradable cups. However, during the COVID-19, the growth of takeaways and online food delivery services resulted in movement restrictions, necessitating the use of biodegradable cups. As the biodegradable cup market begins to rebound post-COVID, the market is expected to gain traction in the next years.

Growth Drivers in the PLA Cup Industry:

Rising Eco-Conscious Consumer Demand: Increasing awareness and preference among consumers for eco-friendly and biodegradable products, coupled with a shift away from traditional plastics, are driving the growth of PLA cups.
Diverse End-Use Verticals Adoption: The expanding use of PLA cups in a variety of sectors, including cafes, hotels, restaurants, and bars, is a key driver. Versatility in applications enhances market penetration and sustains demand.
Government Regulations and Plastic Bans: Stringent regulations and bans on single-use plastics in various regions contribute to the adoption of PLA cups as a sustainable and compliant alternative, fostering market growth.
Inherent Recyclability and Sustainability: PLA cups, derived from plant-based sources like corn, offer excellent recyclability and are considered more sustainable than traditional plastic cups, aligning with global efforts toward environmental conservation.
Expanding Application Scope: The versatility of PLA cups in serving a wide range of beverages, including milkshakes, carbonated drinks, iced tea, alcoholic beverages, and more, contributes to their growing popularity and adoption across diverse beverage industries.

Innovations in the Market:

Advanced Biopolymer Formulations: Ongoing research and development focus on enhancing the properties of PLA cups through advanced biopolymer formulations, aiming to improve durability, heat resistance, and overall performance.
Customizable and Branded PLA Cups: Innovations in printing technologies allow for customizable and branded PLA cups, catering to businesses’ marketing needs while promoting sustainability through personalized and eye-catching designs.
Intelligent Packaging Solutions: Integration of smart packaging technologies, such as temperature-sensitive indicators or QR codes for product information, enhances the functionality of PLA cups, offering added value to consumers and businesses alike.
Expanded Size and Shape Options: Ongoing innovation includes the introduction of PLA cups in various capacities, meeting diverse customer needs. This includes sizes up to 10 oz, catering to different beverage preferences and industry requirements.
Collaborations for Circular Economy Initiatives: Companies are increasingly collaborating to establish and promote circular economy initiatives, focusing on the entire lifecycle of PLA cups—from sourcing sustainable materials to collection and recycling—contributing to a more sustainable and closed-loop system.

Access Full Report: https://www.futuremarketinsights.com/reports/pla-cup-market
Key Segments Profiled in the PLA Cup Industry Survey

By Capacity:

Up to 10 oz
10 to 15 oz
15 to 20 oz
20 to 25 oz

By Sales Channel:

Manufacturers (Direct Sales)
Distributors
E-retail
Retailers
Hypermarkets
Supermarkets
Convenience Stores
Specialty Stores
Discount Stores & Warehouse

By Application:

Carbonated beverages
Milkshakes
Iced Tea/Coffee
Fruit Juices
Alcoholic beverages
Smoothies
Ice Creams
Other Food & Beverage Products

By End Use:

Hotels
Restaurants & Motels
Bars & Lounges
Cafes
Others

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Advanced Composites Market Set to Reach US$ 107.3 Billion by 2033, Driven by Demand in Aerospace, Defense, and Emerging Industries

The advanced composites market is anticipated to thrive at a steady CAGR of 9.1% between 2023 and 2033. The market is expected to have a market share of US$ 107.30 billion by 2033 while it is likely to be valued at US$ 44.91 billion in 2023.

High designing independence due to flexibility, limited material costs, sustainable materials, and a wide range of applications are giving a vital push to the market growth. Alongside this, the enhanced productivity due to the reduced assembly costs and molding process also works in favor of the market’s success.
Better fuel saving triggers high performance while excellent strength-to-weight and stiffness-to-weight rations can only be attained through the usage of advanced composites.
The low drag reaction design delivers a smooth aerodynamic profile and expands its consumption range. Further, the improved adaptability allows the laminate patterns and ply buildup to the materials to flourish the material growth.
A long range of materials involving aluminum, rotors, fiber-reinforced polymer, energy engineering, carbon nanofiber, etc. have a diverse set of applications. Other common advanced polymer composites involve glass, graphite, and Kelver. These key materials and their contribution to the large sectors make the market size big.
The usage of carbon fiber in the manufacturing of aerospace equipment is flourishing market growth.

Key Takeaways

The United States market leads North America’s advanced composites market in terms of market share in North America. North America held a market share of 36.8% in 2022. The factors attributed to the growth are the advancement of the aerospace industry along with increased material research.
Germany’s advanced composites market held a healthy market share in 2022. The market growth is due to being the hub of aerospace manufacturing with the presence of key aircraft production companies like Airbus, Collins Aerospace, and Germany Aerospace Center (DLR).
India’s market thrives at a healthy CAGR between 2023 and 2033. Businesses in India are adopting new materials along with Aerospace engineering flourishing in the region.
Based on product type, the carbon fiber composites segment leads the market as it held a market share of 64% in 2022.
Based on application type, the aerospace industry leads the segment as it accumulated a revenue share of 40.4% in the global market in 2022.

Competitive Scenario:

The key suppliers focus on providing each type of polymer, advanced composites for different applications. Moreover, the competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.

Recent Market Developments

Cytec Solvay Group has introduced advanced materials for the leading industries such as aerospace composited, automotive composited, and oil and gas composites. These composites hold different properties that benefit the sector.
Huntsman Corporation has also revised its advanced materials for energy, electrical, and other aerospace projects.

Access Full Report: https://www.futuremarketinsights.com/reports/advanced-composites-market

Key Segments Covered

By Product:

Aramid
Carbon
Glass

By Application:

Aerospace & Defense
Automotive
Construction
Sporting Goods
Wind Energy

By Regions Covered:

North America
- The United States
- Canada
Latin America
- Brazil
- Mexico
- Rest of Latin America
Europe
- Germany
- The United Kingdom
- France
- Spain
- Russia
- Rest of Europe
Japan
Asia Pacific Excluding Japan
- China
- India
- Malaysia
- Singapore
- Australia
- Rest of Asia Pacific Excluding Japan (APEJ)
Middle East and Africa
- GCC Countries
- Israel
- South Africa
- The Middle East and Africa (MEA)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Cellulose Fiber Market Set for Moderate Growth, Projected to Reach US$ 5.2 Billion by 2034 | FMI

The global cellulose fiber market, currently valued at US$3.9 billion in 2024, is expected to experience steady growth, reaching approximately US$5.2 billion by 2034. This represents a projected compound annual growth rate (CAGR) of 2.8% over the forecast period from 2024 to 2034. The market’s expansion is being driven by increasing demand for eco-friendly and biodegradable fiber alternatives, particularly in industries such as textiles, clothing, construction, and papermaking.

As there is a growing demand for environmental friendly, body adjustable and bio-degradable clothing and fabrics from the textile industry, there is a healthy growth in global cellulose fiber industry. Cellulose is a natural type of fiber available in abundance across the globe. Cellulose is regarded as one of the most important raw material used in various industries.

Global Cellulose Fiber Market: Drivers and restrains

Due to increase in global warming, it is seen that there is significant change in preference of manufacturers and customers in regards to buying, production and selling of fiber across the globe. The demand for biodegradable cellulose fiber has increased over the years. Various government organizations and NGO’s have put regulations over fiber production which is impacting the growth of biodegradable cellulose fiber market.

Some other factors which drive the global cellulose fiber market are rapid growth of urbanization, rising disposable income and growth in population. On the other hand, cost of cellulose fiber has been a major restraining factor for the growth of global cellulose fiber market. Prices of raw material required for manufacturing of cellulose fiber are dynamic in nature and changes continuously thus curbing their use in large scale industries. Also, skilled people and advanced machinery are required in the production of cellulose fiber. Above factors have emerged as restraining factors, hampering the growth of global cellulose fiber market.

Global Cellulose Fiber Market: Regional overview

Geographically, the global cellulose fiber market is segmented into seven regions, namely Latin America, North America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan and the Middle East and Africa (MEA). Cellulose fiber market depends highly on initial capital as well as skilled people that are required for manufacturing of cellulose fiber.

North America is constantly involved in the research and development process for the up-gradation of cellulose fiber. Thus North America is expected to have a healthy growth rate over the forecast period. Asia-Pacific bags a significant share of global cellulose fiber market over the forecast period of 2017-2027, owing to a blistering rise in the textile industry in developing economies like China and India.

Europe and Latin America are expected to show a moderate growth in the Global cellulose market as raw materials required for the manufacturing of cellulose fiber are available in ample quantity. Middle-East and Africa shall show an average growth rate in global cellulose fiber market as the market for cellulose products has not yet firmly established in the region. Overall, the global cellulose fiber market is expected to show a healthy CAGR for the forecast period of 2017-2027.

Key Players

Some of the prominent players which operate in global cellulose fiber market are Sappi group, Birla Cellulose, Tembec Inc., The Lenzing Group, Thai Rayon Public Co. Ltd., Tangshan Sanyou Group Xingda Chemical Fibre Co. Ltd., Fulida Group Holding Co., LTD., Manasi Aoyang Technology Co. Ltd.

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 report covers exhaustive analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

Regional analysis includes

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

Access Full Report: https://www.futuremarketinsights.com/reports/cellulose-fiber-market

Global Cellulose Fiber Market: Segmentation

The global cellulose fiber market can be segmented as follows

Based on the process used for manufacturing of cellulose fiber, it can be segmented as

Natural cellulose fiber
Plant fiber
Cotton fiber
Flax(Linen) fiber
Jute fiber
Wood fiber
Animal fiber
Alpaca fiber
Silk fiber
Manufactured cellulose fiber
Semi-Synthetic fiber
Rayon or viscose
Modal fiber
Synthetic fiber
Nylon fiber
Polyester fiber

Based on the Application type, global cellulose fiber market can be segmented as

Textile
Filtration
Composite materials

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.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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FMI Analysis States Global Personal Watercraft Market Value Forecasted to Grow at an Average 6% CAGR by 2032

The global personal watercraft (PWC) market is projected to grow at a robust CAGR of 6% and reach a significant value by 2032. Valued at approximately USD 1.6 billion in 2020, the market is expected to maintain its positive performance throughout the forecast period. Increasing use of personal watercraft by marine and water police forces is likely to further propel market growth in the coming years.

The personal watercraft market is experiencing notable expansion, driven by the rising popularity of recreational water sports and greater affordability of PWCs. Often known as jet skis, these watercraft are favored for their versatility, ease of use, and the excitement they provide. The market is seeing considerable innovation, with manufacturers introducing advanced models that offer enhanced performance, better fuel efficiency, and improved safety features. These advancements are broadening the appeal of PWCs to a wider audience, ranging from casual enthusiasts to professional racers.

A major growth driver for the PWC market is the continuous advancement in technology. Modern PWCs come equipped with sophisticated features such as GPS navigation, Bluetooth connectivity, and advanced engine management systems. These innovations not only enhance the user experience but also improve safety and reliability. Additionally, there is a growing focus on developing eco-friendly models with lower emissions and improved fuel efficiency, catering to the rising consumer demand for sustainable recreational options. This shift is supported by regulatory bodies enforcing stricter emissions standards for marine vehicles.

The market dynamics are also shaped by the increasing trend of water-based tourism and leisure activities. Coastal regions and water parks are investing in PWCs to attract tourists and adventure seekers, leading to a rise in rental services. This makes PWCs more accessible to those who may not wish to purchase them outright. Furthermore, the market benefits from rising disposable incomes and a growing inclination towards luxury and leisure spending. As more individuals seek unique and thrilling recreational experiences, the demand for PWCs is expected to continue its upward trajectory, contributing to a dynamic and competitive market landscape.

“Increasing use of personal watercraft in marine security forces as well as for sports and leisure purposes is expected to drive the global growth of the personal watercraft market over the forecast period,” says FMI Analyst.

Key Takeaways:

Strict regulatory measures and high initial costs will hamper the growth of the personal watercraft market.
Rising adoption of advanced technology along with the emergence of green watercraft will strengthen the market prospects for personal watercraft.
The strong presence of several original equipment manufacturers propels North America to occupy the dominant position in the global market.
Increasing tourism will benefit the personal watercraft market in the Asia Pacific region.

Competitive Landscape:

Leading market players are focusing on adopting advanced technologies and expanding their product portfolios to include environmentally-friendly watercraft. These firms also adopt various organic and inorganic business strategies to strengthen their market position.

Kawasaki Motors Corp., Honda Motors. Co., Ltd., Polaris Industries, Jiujiang Poseidon, and Motorboat Manufacturing Co., Ltd., among others are some of the major players in the personal watercraft market profiled in the full version of the report.

Key Segmentations:

By Type:

Sports
Recreational
Performance
Luxury

By Seat Capacity:

One seat
Two seat
Three seat
Standing

By Hull Type:

Composites
Plastic

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific
Japan
Middle East and Africa

Access Report Details for More In-Depth Information:

Author:

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Global Automotive ABS Motor Market Size Forecasted to Grow at 8 to 9% CAGR by 2032, Says Future Market Insights, Inc.

The automotive ABS motor market is set for a robust growth trajectory, with a projected CAGR of 8% to 9% by 2032. This forecast indicates a significant expansion in the demand and adoption of anti-lock braking system (ABS) motors within the automotive industry over the next decade. As advancements in vehicle safety become increasingly paramount, ABS technology plays a pivotal role in enhancing braking efficiency and preventing accidents.

With consumers placing a higher emphasis on safety features, the Automotive ABS Motor Market is poised to witness sustained growth, driven by innovation and regulatory mandates aimed at improving road safety standards globally.

The ABS braking system is required to produce new models of hybrid and electric cars. Its installation at manufacturing units is anticipated to drive the global market for automotive ABS motors. The vehicle ABS motor market is also expected to grow substantially throughout the specified period due to several countries implementing strict safety laws and regulations on vehicle manufacturers, notably authorities of China, the United States, and some European countries.

The globally increasing automobile sector is the primary driver of the market for automotive ABS motors. However, in recent years, the need for high efficiency is the rapid rise in the acceptance of automotive vehicles, such as sport utility vehicles or SUVs, and expensive cars. Also, due to the widespread use of automotive ABS motors in modern vehicles as a result of strict safety regulations, it is anticipated that the demand for the automotive ABS motor market in the Asia Pacific Region would be much more lucrative for the market players.

The maintenance cost for an automobile with an ABS motor is significantly higher. This might limit the use of automobile ABS motors, particularly in the secondary marketplace, resulting in limited overall automotive ABS market growth.

Key Takeaways from the Automotive ABS Motor Market Report:

The overall growth of the global automotive ABS motormarket is estimated to be around USD 11.5 Billion over the forecast years through 2032, by experiencing the astounding CAGR of 5%.
According to FMI, through 2022 to 2032, North America is expected to experience the highest growth rate in the sales of automotive ABS motor in the global market.
Even during projected period of 2022-2032, Western Europe is predicted to become a particularly opportunistic marketplace for automobile ABS motors, according to FMI survey.

Competitive Landscape:

Some of the well-known contact centre as a service market players are LG Innotek, Mahle, Johnson Electric Holdings Limited, Continental AG, Parker Hannifin Corporation, and Denso Manufacturing Italia S. P. A. among others.

Major manufacturers of conventional and electric cars have recently expanded their product lines with fitted ABS, which is expected to boost the demand for automotive ABS motors as per speculations.

Recent Developments:

In addition to hybrid and gasoline engines engine variants with cutting-edge ABS-EBD stopping or braking technology, BMW, that is a German multinational premium car company, made an announcement of the BMW 7 Series in this year, 2022. It is predicted that several new car releases equipped with ABS systems would increase demand for automotive ABS motors in Western Europe.

Automotive ABS Motor Market Segmentation:

By Vehicle Type:

Passenger Car
Mid-Size
Compact
Luxury
SUVs
Light Commercial Vehicle (LCV)
Heavy Commercial Vehicle (HCV)
Electric And Hybrid Vehicle

By ABS Type:

One Channel, One Channel Type ABS
Two Channel, Four Sensor Type ABS
Three Channel, Three Sensors Type ABS
Four Channel, Four Sensor Type ABS
Three Channel, Four Sensor Type ABS

By Sales Channel:

Original Equipment Manufacturers (OEMs)
Aftermarket

By Region:

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
Middle East and Africa

Access Report Details for More In-Depth Information:

Author:

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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FMI Study States Global Cold Forging Machines Market Share to Cross USD 34.5 Billion Mark by 2034, Driven by 5.7% CAGR Growth

The cold forging machines market was predicted to reach USD 19.8 billion in 2023, indicating a significant increase in demand. This upward trajectory is expected to continue, propelled by a strong compound annual growth rate (CAGR) of 5.7%, culminating in a remarkable market valuation that exceeds USD 34.5 billion by 2034.

Unlike hot forging techniques, which require greater temperatures, cold forging is defined by its precision manufacturing approach that involves shaping workpieces at room temperature. Cold forging machines, specifically designed for this method, are essential for forming materials without requiring high operating temperatures. This not only results in lower energy use but also lessens the environmental impact, which is in line with the manufacturing sector’s sustainability goals.

Asia-Pacific’s Rising Dominance in the Cold Forging Machines Market:

The global landscape of cold forging machines is witnessing a remarkable transformation, with Asia Pacific poised to seize the spotlight as an opportunistically burgeoning market. Notably, this dynamic region is not only projected to dominate in terms of market share but also emerge as a hub of demand for cold forging machines, backed by its escalating manufacturing endeavours. Over the forecast period, the Asia-Pacific cold forging machines market is poised to achieve a robust Compound Annual Growth Rate (CAGR) of 4.0%.

Driving Factors: Manufacturing Surge and Metal Forging Demand

The catalyst behind Asia Pacific’s ascendancy in the cold forging machines domain is the surge in manufacturing activities within the region. This surge is projected to translate into substantial demand for cold forging machines in the foreseeable future. Notably, the region’s growing appetite for forged metals, especially within the automotive sector and infrastructural development, is poised to serve as a powerful impetus for the expansion of the cold forging machines market across Asia Pacific.

Analysing North America’s Stronghold in the Cold Forging Machines Market:

In the intricate tapestry of the cold forging machines market, North America assumes a prominent position, wielding significant market share and influence. One of the driving forces behind this robust presence is the substantial investments made by prominent manufacturers in forging systems within the region. This strategic move not only propels the regional market but also establishes these manufacturers as pivotal players in the global cold forging landscape.

Projection: Growth Trajectory

Analytical insights indicate that the North American Cold Forging Machines market is poised for steady growth, anticipated to register a Compound Annual Growth Rate (CAGR) of 4.1%. This growth projection underscores the region’s resilience and its position as a critical driver within the global cold forging machines ecosystem.

Key Players Profiled:

The global cold forging machines market boasts a roster of influential participants, featuring industry leaders such as National Machinery, STANTEC, INC., Nedschroef Herentals, SIJIN INTELLIGENT FORMING MACHINERY CO. LTD., Zhejiang Dongrui Machinery Industrial, Zhejiang Shengtuo Machinery Co., Ltd., JYICHYNG, ZHEJIANG YESWIN MACHINERY, Sacma, Hyodong Machine, Ningbo Sijin Machinery, Wuxi Zhengyao Machinery, and Hatebura, among several other noteworthy entities.

Key Segments Covered:

Cold Forging Machines Market by Product Type:

2-Die Station Cold Forging Machines
3-Die Station Cold Forging Machines
4-Die Station Cold Forging Machines
5-Die Station Cold Forging Machines
6-Die Station Cold Forging Machines

Cold Forging Machines Market by Process:

Cold Forging by Hammers
- Pneumatic Forging Hammers
- Electro-hydraulic Forging Hammers
- Power-operated Forging Hammers
- CNC Hydraulic Die Forging Hammers
Cold Forging by Press
- Mechanical Press
- Hydraulic Press
Cold Forging Crank Type Mechanisms
Cold Forging Rotary Machines

Cold Forging Machines Market by End Use:

Cold Forging Machines for Automotive
Cold Forging Machines for Heavy Engineering
Cold Forging Machines for General Manufacturing
Cold Forging Machines for Construction
Cold Forging Machines for Aerospace

Cold Forging Machines Market by Region:

North America Cold Forging Machines Market
Latin America Cold Forging Machines Market
Europe Cold Forging Machines Market
Asia-Pacific Cold Forging Machines Market
Middle East and Africa Cold Forging Machines Market

Access Report Details for More In-Depth Information:

Author:

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us: