Market Research Blog – Page 14988 – New Product Development

The complexity issue and availability of other technologies are major hurdles for the growth of global Anomaloscope Market

Anomaloscope Market Overview

Anomaloscope is a medical instrument used to test conditions of color blindness and for distinguishing between dichromats and anomalous trichromats. Anomaloscope is based on the Rayleigh match technology which is a mixture of both red and green light that has to match the red light source. By matching this range, the different type of red-green color deficiency or color blindness can be identified. In addition, another anomaloscope is based on moreland match (blue-green) technology for the diagnosis of tritan defects. The first anomaloscope was nagel anomaloscope, and with increasing technological advancement, new devices are introduced such as neitz anomaloscope, HMC (Heidelberg Multi Color) anomaloscope, or pickford-nicolson anomaloscope. Anomaloscope was discovered in 1907, and are widely accepted by ophthalmologist around the world. It is also used to measure both qualitative and quantitative abnormalities in color perception.

Anomaloscope Market: Drivers and Restraints

The growth of global anomaloscope market is generally driven by increasing prevalence of color blindness or color vision deficiency (CVD) in the global population. According to the research conducted, approximately 1 in every 12 men and 1 in 200 women on global level are suffering from color blindness. Moreover, in UK more than 2.7 million people are living with color blindness which is nearly 4.5% of total population, most of them are male. The genetic factor is most common cause of causing color blindness. The other factors such as technological advancement and rising awareness about the disorder are also gardening the growth of global anomaloscope market. However, high initial cost of instrument is hampering the market growth of anomaloscope. The complexity issue and availability of other technologies such as pseudoisochromatic plate tests, color hue discrimination tests, and lanterns tests are major hurdles for the growth of global anomaloscope market.

Anomaloscope Market: Overview

Anomaloscope is the oldest technology used to diagnosis the eye anomalies. Since its inception, various technological advancement has been witnessed such as compatibility with the computers in anomaloscope devices. Anomaloscope is widely adopted in hospitals and clinics for detection of color blindness. With the increasing penetration of e-commerce website and rising incidences of color blindness is expected to boost the growth of global anomaloscope market. The incorporation of the software applications in anomaloscope has made it robust to dominate over other diagnostic tests.

Anomaloscope Market: Region Wise Outlook

Geographically, anomaloscope market is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. The market of North America is anticipated to hold the largest share of anomaloscope in global market, followed by Western Europe, owing to widespread adoption in hospitals and clinics, and presence of sophisticated healthcare infrastructure. In addition, increasing prevalence of color blindness or eye anomalies is impelling the market growth of anomaloscope. The market in Asia- Pacific region and Japan alone is anticipated to grow at a higher rate owing to the increasing development in the healthcare sector and presence of large population base, majority includes geriatric people. However, the market in regions such as Latin America, Eastern Europe, and the Middle East and Africa are estimated to show a steady growth over the forecast period. These regions are anticipated to show lucrative opportunities owing to the absence of any players of anomaloscope.

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Anomaloscope Market: Key Players

Some of the market participants in the global anomaloscope market are Neitz Instruments C., Ltd., Oculus, Inc., Good-Lite Company, Genop Healthcare, Von Hoff AG, Jen-Ophthalmo, and G.S.Optixx, Ltd.

Regional analysis for Anomaloscope Market

North America Market
- US
- Canada
Latin America Market
- Argentina
- Mexico
- Brazil
- Rest of Latin America
Western Europe Market
- Germany
- France
- U.K.
- Spain
- Italy
- Nordic
- Benelux
- Rest of Western Europe
Eastern Europe Market
- Poland
- Russia
- Rest of Eastern Europe
Asia Pacific Market
- Australia and New Zealand (A&NZ)
- China
- India
- ASEAN
- Rest of Asia Pacific
Japan Market
Middle East and Africa Market
- GCC Countries
- North Africa
- South Africa
- Rest of MEA

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Recycled Scrap Metal Market projected to top US$ 98.5 Bn by 2031 – FMI

The global recycled scrap metal market is anticipated to expand at a steady 5.4% CAGR over the forecast period between 2021 and 2031, finds Future Market Insights (FMI) in a recent market analysis. Increasing production of iron and steel is boosting demand for recycled scrap metals. Growing utilization of scrap metals in steel production and in non-ferrous metals processing is further expected to boost the consumption rate of recycled scrap metals.

Rapid development of the building and construction sector also is propelling sales of recycled scrap metals. Increments in the production of automotive, shipbuilding aero plane manufacturing are also bolstering the consumption rate of recycled scrap metal.

Production and processing of ferrous as well as non-ferrous metals produces scrap. These scraps are further utilized in the processing of various products to reduce waste generation. Growing demand for waste management and initiatives taken by regional government bodies to minimize waste is expected to bolster sales of recycled scrap metals over the forecast period.

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As per FMI, the East Asia region is anticipated to be a key consumer of recycled scrap metals owing to strong production of iron and steel, especially in China. Backed by the aforementioned factors, the global recycled scrap metal market is projected to top US$ 98.5 Bn by 2031.

“Increasing production of electric vehicles in the automotive sector, along with rising sales of consumer electronics and wearables are anticipated to continue driving sales of recycled metal scraps over the assessment period,” says an FMI analyst.

Key Takeaways:

By metal type, demand for ferrous metals is expected to surge at a 5.4% CAGR over the forecast period.
The post-consumer recycled scrap metal segment is projected to hold approximately 85% of the total market share in 2021.
Applications of recycled scrap metals in the equipment and tools segment are anticipated to grow at a 4.6% CAGR through 2031.
Sales of recycled scrap metals in the U.S. are anticipated to increase by 4.9% year-over-year in 2021.
Russia will emerge as an attractive recycled scrap metals market, with sales growing at a 4.4% CAGR in 2021.
China is expected to account for over 80% of the East Asia recycled scrap metals market share in 2021.
Japan and South Korea will collectively account for 9.9% of the total recycled scrap metals market share through 2031.

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Competitive Landscape

Key market participants in the global recycled scrap metal market elaborated in the report includes ArcelorMittal, Aurubis AG, China Baowu Group, HBIS Group, Sims Metal Management Ltd., HKS Metals, Nucor Corporation, AMG Resources Corporation, Celsa Group, EMR Group, CRONIMET Holding GmbH, GLE Scrap Metal, Tucson Iron and Metal, ELG Haniel GmbH, Atlantic Recycling Group, LLC, Baroni Scrap Metal LLC, Kuusakoski Group Oy, IMR Innovative Metal Recycling GmbH, Romukeskus Oy, Commercial Metals Co (CMC), MetalCirc Oy, GMH Recycling GmbH, Eco-Bat Technologies Ltd., and Evraz plc.

Key players operating in the global recycled scrap metal market are focusing on increasing utilization of scrap metals to produce iron and steel to decrease waste generation and operating expenditure. Further, leading players are focusing on collaborations, mergers, and acquisitions to expand their production facilities and distribution channels. For instance:

In Oct 2021, Nucor launched Econiq, a series of net-zero carbon steel products. By Econiq, Nucor is providing the lowest greenhouse emission gas steel products to steel consumers.

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Renewable Naphtha Market valuation to reach US$ 1.15 Bn in 2031 – FMI

The global renewable naphtha market is slated to reach US$ 422.0 Mn in 2021, finds Future Market Insights (FMI) in a recent market analysis. Rising demand for eco-friendly alternatives for plastics in various end-use industries is projected to enable sales at an impressive 10.5% CAGR.

Considering this, FMI has forecast the market valuation to top US$ 1.15 Bn in 2031. Renewable naphtha finds applications in plastic articles, décor products in residential and commercial spaces, packaging, and production of bioplastics and hydrogen gas. Shifting consumer preference towards bioplastics is spurring demand for renewable naphtha, and the trend is expected to continue over the forecast period.

In response to growing concerns regarding carbon emissions, governments various countries have imposed stringent regulations regarding production of plastic and blending fuel. This is compelling manufacturers to invest in research and development to launch innovative renewable naphtha products to improve sales.

Besides this, government-backed investments, and subsidiaries to promote bio diesel production and reduce dependence on fossil fuels are anticipated to bode well for the renewable naphtha market.

Further, increasing applications of renewable naphtha in the packaging sector is expected to propel sales of the same. Renewable naphtha is considered an effective alternative to plastic packaging, and its applications in consumer products and food packaging are projected to continue gaining momentum.

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As per FMI, the U.S. is anticipated to lead the North America renewable naphtha market. Strong presence of various end-use industries including plastics, consumer goods, automotive and construction will continue propelling sales of renewable naphtha over the forecast period.

Owing to the growing plastic products utilization due to rapid population growth all over the globe, the need for Renewable Naphtha is anticipated to increase in the coming years. Furthermore, owing to critical usage across plastic, automotive industry, packaging, and so on, Light Naphtha thus provide a growth impetus to the market. Moreover, the increasing urbanization all over the globe due to expanding economies and industrialization reinforces growing demand for Renewable Naphtha.

The renewable Naphtha market and its global supply chain have been impacted considerably owing the Covid-19 pandemic crisis, which disrupted the overall supply of raw materials. However, key players are evaluating agile automation solutions across the supply chain to provide the products without disruption. Thus along with demand recovery from end use sectors, the global market of Renewable Naphtha is anticipated to grow with a growth rate of 10.5% during the forecast period of 2021 and 2031.

Key Takeaways:

Sales of light renewable naphtha are anticipated to account for around 92.7% of the total renewable naphtha market share in 2021.
In terms of end-use, application of renewable naphtha in plastic productions is projected to continue rising, accounting for 72.8% of the total market share.
The renewable naphtha market in the U.S. is projected to expand at a 7.9% CAGR in 2021.
India will emerge as an attractive market with sales growing at a robust 8.0% CAGR in 2021.
China will continue exhibiting high demand for renewable naphtha, holding lion’s share in the East Asia market share.
Germany is projected to account for over one-third of the Europe renewable naphtha market share in 2021.
Japan and South Korea are expected to hold 17.2 and 4.3% of the total renewable naphtha market share respectively.

“Introduction of novel technologies such as hydrotreated vegetable oil (HVO) and Neste Renewable Diesel (formerly known as NExBTL) to bolster for renewable naphtha production will continue driving sales in the market. Besides this, development of advanced techniques to utilize waste and feedstock residue in renewable naphtha production is projected to augment growth of the market through 2031,” says an FMI analyst.

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Competitive Landscape

Top players operating in the global renewable naphtha market include Neste, ENI, Darling Ingredients Inc., CNPC, Diamond Green Diesel & Renewable Energy Group, Inc. Players are focusing on strategic collaborations to expand their production capacity in emerging economies by setting up new production units. Besides this, investments in research and development to improve product portfolios will remain a part of growth strategies adopted by key market players. For instance:

In October 2021, Neste collaborated with Finnish restaurant chain Hesburger as a part of circular economy collaboration. Through this collaboration, Neste and Hesburger aim to collect used cooking oil from over 300 restaurants in Finland to produce renewable disel and naphtha.

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Potassium Carbonate Market to reach US$ 2.9 Bn by 2031 – FMI

As per a recent market survey by ESOMAR-certified consulting firm Future Market Insights (FMI), the global potassium carbonate market is projected to reach US$ 1.9 Bn in 2021. Expanding at a 4.4% CAGR, the market valuation is expected to top US$ 2.9 Bn by 2031.

In 2020, the COVID-19 pandemic negatively impacted demand for potassium carbonate. Nationwide lockdown restrictions and disrupted supply chains further dampened sales prospects of potassium carbonate. However, FMI has projected the market to recover at a steady pace, as sales are anticipated to grow by 4.1% year-over-year between 2020 and 2021.

Increasing demand from various end-use industries such as agrochemicals, food and beverages, glasses, and cleaning products are anticipated to boost sales of potassium carbonate over the forecast period.

In addition to this, rising adoption of potassium carbonate in fire suppression products, personal care products, inks and dyes and water treatment are also bolstering growth of the market. Strong development in the chemical sector in East Asia, North America and Europe are expected to continue pushing sales of potassium carbonate.

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As per FMI’s in-depth regional analysis, the U.S. is expected to lead the North America potassium carbonate market. Growth can be attributed to increasing sales of packaged food products in the country, along with robust presence of key automotive companies in the country.

“Increasing applications of potassium carbonate in the automotive industry, coupled with rapid expansion of the construction centre driven by urbanization is expected to bode well for the global potassium carbonate market through 2031,” says an FMI analyst.

Key Takeaways:

Based on product form, the powder segment is expected to expand at a 4.2% CAGR in 2021.
In terms of application, sales of potassium carbonate in the glass segment are projected to rise at a 3.7% CAGR through 2031.
The U.S. will continue exhibiting high demand for potassium carbonate, with demand rising at a 3.8% CAGR in 2021.
Sales of potassium carbonate in India are expected to grow by 5.0% year-over-year between 2020 and 2021.
China will emerge as a lucrative potassium carbonate market, expanding at a 5.1% CAGR over the forecast period.
Japan and South Korea will account for 17.6% and 13.2% of the total potassium carbonate market share respectively.

Competitive Landscape

Evonik Industries AG, UNID GLOBAL Corporation, Oxy (Occidental Petroleum Corporation), Gujarat Alkalies and Chemicals Limited, Vynova Group, AGC Chemicals, JSC Pikalevskaya Soda, Esseco Group, Shanghai Wentong Chemicals Co., Ltd. (Wentong Group), Foodchem International Corporation, Shanxi Guangyuan Fertilizer Co., Ltd., Armand products, Zhejiang Dayang, Zhejiang Juhua Co., Ltd., and Hebei Xinjichemical are among the key players operating in the global potassium carbonate market.

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Top 5 players comprising Oxy (Occidental Petroleum Corporation), Evonik, Zheijang Juhua Co. Ltd., AGC Chemicals and Armand Products are anticipated to account for approximately 58% of the total potassium carbonate market share over the forecast period.

As a part of their growth strategies, leading players are investing in strategic collaborations, mergers, and acquisitions to expand their production capacity. Players are also focusing on digitalization to improve production and sales by introducing AI, machine learning, automation, and block chain. For instance:

In 2016, Evonik and AkzoNobel commenced a joint venture in Germany and set up a manufacturing unit for the processing of chlorine and potassium hydroxide solution into several products including potassium carbonate.

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Lithium Mining Market to reach US$ 3.3 Bn by 2031 – FMI

As per a recent analysis by Future Market Insights (FMI), the global lithium mining market is projected to top US$ 3.3 Bn by 2031. Growing demand for lithium ion batteries from end-use industries including automotive, packaging and consumer electronics is expected to propel sales of lithium over the forecast period 2021-2031.

Lithium is widely being adopted in the manufacturing batteries for electric vehicles, owing to advantages such as longer lifespan, improved fuel efficiency and low discharge rates. Increasing sales of electric vehicles are anticipated to spur demand for lithium in the forthcoming years, which in turn will augment growth of the global lithium mining market.

Moreover, growing demand for glass and ceramics from the packaging industry is likely to create new opportunities for key players operating in the lithium mining market. Glass and ceramics are mostly used in packaging of pharmaceuticals, food and beverages, and other items. Increasing applications of lithium in the glass and ceramics industry will continue boosting growth prospects of the lithium mining market.

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In 2020, the global lithium mining market was heavily impacted by the novel coronavirus pandemic. Nationwide lockdowns, travel restrictions, and halted on mining operations hampered the production and consumption of lithium. However, sales are expected to recover in 2021 as demand for lithium from the automotive sector continues to grow.

“Growing focus on fuel efficiency in automotive vehicles is expected to propel consumption of lithium for batteries in the forthcoming years. Besides this, increasing sales of wearables and portable consumer electronics will continue augmenting growth of the lithium mining market through 2031,” says an FMI analyst.

Key Takeaways:

Lithium production through brine solutions is expected to capture 65% of the total lithium mining market share.
The lithium hydroxide segment is projected to account for a dominant share over the forecast period.
Applications of lithium in the battery segment are projected to grow at 8.5% year-over-year in 2021.
Sales of lithium in the U.S. are projected to grow by 3.2% year-over year in 2021.
Australia will emerge as an attractive market owing to the presence of high-capacity lithium reserves in the country.
China will continue experiencing high demand for lithium due to increasing production and sales of consumer electronics.

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Competitive Landscape

Albemarle, Ganfeng Lithium, Livent, Nemaska Lithium, Orocobre limited, Sichuan Tianqi Lithium Industries, SQM and Lithium Americas Corp. are among the key market players identified by FMI. These players are projected to command 60-70% of the total lithium mining market share.

Leading players operating in the global lithium mining market are focusing on production facility expansion through mergers and acquisitions to gain a competitive edge in the market. For instance:

In October 2021, Belgian material technologies group Umicore UMI.BR signed a long-term lithium supply deal with Gangfen Lithium Co. Ltd. to expand its production capacity in response to rising electric vehicles demand.

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Biocides Market to reach value of US$ 11.74 Bn by 2031 – FMI

According to Future Market Insights (FMI), biocides market is expected to witness growth at 3.5% CAGR between 2021 and 2031. Growing demand for biocides from various industries such as, water treatment, paints & coatings, wood preservatives, oil & gas, cleaning chemicals, agrochemicals, paper & pulp and others is expected to bolster the sales over the assessment period.

Increasing consumption of preservatives across various industries also is expected to result in the growth of biocides consumption. As per the report, biocide application as preservatives is expected to increase in various industries including food & beverages, paper and pulp, cosmetics & personal care, wood, and others.

Besides this, the use of biocides in surface cleaning of various industries such as food and beverages, pharmaceuticals, and paints & coatings will rise in the coming years. Unlike other markets, the unprecedented outbreak of COVID-19 had a neutral effect on the sales of biocides. While the manufacturing activities witnessed a slight setback, demand for disinfectants surged exponentially during the FQ-20, aiding the market growth

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As per FMI, demand for biocides increased by 3.50% between 2020 and 2021, with sales expected to reach US$ 8.3 Bn in 2021.

Key Takeaways from Biocides Market Study

Global market for biocides is projected to reach a value of US$ 11.74 Bn by the end of the forecast period.
China is estimated to remain a key market for biocides, with East Asia accounting for 32% of the global volume share.
Surging application of biocides in water treatment segment will boost the sales. Sales in this category will total US$ 3.8 Bn by 2031.
By type, the halogen compounds segment is projected to grow at a steady rate in the coming years, especially in South Asia Pacific and East Asia markets.
Industrial grade biocides are estimated to remain top-selling grade. The segment is expected to register year-on-year growth of 4.0% in East Asia.

“With stringent emission law regarding the use of biocides in emerging economies, key manufacturers are actively working with end-users to develop customized and eco-friendly products. This is expected to help the key players to enhance their brand image and generate lucrative revenues over the coming years,” said a lead analyst at FMI.

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Biocides Market: Participant Insights

Key participants in the global biocides market elaborated in the report includes Clariant AG, Lonza Group, ICL Group, BASF SE, DOW, Veolia, Troy Corporation, Nouryon, Kemira Oyj, Ecolab USA Inc., Albemarle Corporation, Solvay SA, Lanxess AG, Buckman Laboratories International, Melzer Chemicals Private Limited, Dalian Xingyuan Chemistry Co., Ltd., Aegis Chemical Solutions, B&V Chemicals, Helvemed SA, Thor Group, SIDDHARTH CHEMICALS, Solenis, Zaozhuang Kerui Chemicals Co., Ltd. and Shandong IRO Biocide Chemicals Co., Ltd.

Key players are focusing on strategic expansions through collaborations, mergers and acquisitions with other market participants to increase their annual turnover. Market players are also investing a fair share of their revenue in product development and process intensification to sustain their position in the industry.

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Polysulfide Resin Market sales projected to top US$ 229.76 Mn by 2031

Global polysulfide resin market will witness growth at a steady pace on the back of rising demand from various industries, including automotive and transportation, industrial processing, building and construction, specialty chemicals, and others.

As per Future Market Insights (FMI), the market is projected to top US$ 229.76 Mn, reaching 62,008.8 Tons during the forecast period between 2021 and 2031.

Thiokols are anticipated to remain highly sought-after in terms of product backed by the growing adoption within building and construction and automotive & transportation industries. Thiokol’s unique sulfur structure makes it useful as a sealant in construction and civil engineering projects, and in cutting edge construction technologies like high-rise building construction.

Driven by the growing demand for construction utilizations due to rapid urbanization, sales of thiokol polysulfide resins will increase coming years. Extensive use of thiokol as double glazing window sealants in building joints and curtain wall joints will boost sales opportunities in the market.

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As per FMI, development of infrastructure in emerging economies such as China, India, and Japan will increase the adoption of polysulfide resins, accelerating growth in the market.

The outbreak of COVID-19 dampened the sales of polysulfide resins due to the suspension of production activities in end-use industries and disruptions in supply-chains. However, key players are evaluating agile and better automation solutions in the supply chain, which can supply the products without disruption. This is expected to help the market overcome the pandemic induced slowdown in the coming years.

Key Takeaways from Polysulfide Resin Market Study

Application of polysulfide resins in building & construction and automotive & aerospace industries will push the sales in the market at 3.9% CAGR between 2021 and 2031.
Building and construction segment is estimated to account for dominant share of 59% in the market.
Thiokols (liquid polysulfide resin elastomers) is expected to remain most preferred product owing to increasing application as modifying agents in the construction sector.
East Asia is projected to remain as emerge as a highly lucrative polysulfide resin market, with China accounting for almost one-third of the market share.
India will continue registering high demand for polysulfide resins, accounting for 43% of sales in South Asia Pacific.

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“Expansion of automotive & transportation and building & construction industries post-pandemic has created lucrative growth opportunities for polysulfide resin market. Key players are capitalizing on surging demand in building & construction sector through new product launches,” said a lead analyst at FMI.

Polysulfide Resin Market: Participant Insights

Key market participants in the global polysulfide resin market include Toray Fine Chemicals Co. Ltd., Nouryon, Arkema, and JSC Kazan Synthetic Rubber Plant. These companies are focusing on expanding their production capacity in emerging economies.

Besides this, they are strengthening their product portfolio and developing stronger distribution network to gain competitive edge in the market.

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North America Organic Fertilizers Market Surpassing US$ 3.17 Bn in 2031: FMI

According to latest market study by Future Market Insights (FMI), the shipment of organic fertilizers across North America will reach 4,327.5 KT by 2021-end. Demand for organic fertilizers is set to increase considerably, reaching US$ 3.17 Bn due to growing awareness about health benefits of eco-friendly products and rising demand for organic food products.

Surging awareness about adverse effects of synthetic chemicals present in pesticides, insecticides, and fertilizers on human health and environment is propelling the demand for organic products. This is expected to increase the demand for organic farming in North America, spurring sales of organic fertilizers at 5.8% CAGR in terms of volume.

Also, the market in North America is expected to witness remarkable growth due to the growing focus on sustainability among consumers, especially in the U.S. Various stringent regulations imposed by regional governments and environmental regulatory bodies to encourage the production of organic food products are expected to increase the adoption of organic fertilizers over the forecast period.

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Organic cultivation has numerous benefits both in terms of soil quality and human health. However, there are numerous challenges faced while using organic fertilizers. Organic fertilizers are usually priced much higher (mostly 2-4 times) than the conventional fertilizers.

Moreover, as organic fertilizers are lower in nutritional content (n-p-k) value, they also need to be applied at higher rates. In some cases, where the soil nutrient content is very low, organic fertilizers alone cannot meet the demand.

The initial yield during conversion of land from inorganic to organic is also quite lower. Also, there are additional costs required for the certification of organically cultivated products. Hence, farmers are sometimes reluctant to invest in organic fertilizers. This could restrain the growth of the market to an extent.

Nonetheless, favorable government initiatives and subsidies will help improve the adoption of organic fertilizers, improving the market growth as well. Owing to these factors, the North America organic fertilizers market is poised to expand at a robust pace.

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Key Takeaways from Organic Fertilizers Market Study

North America organic fertilizers market is expected to expand at 6.9% CAGR in terms of value between 2021 and 2031.
Fruits and vegetables will dominate in terms of application, followed by cereals and crops.
Based on form, the solid organic fertilizers will lead the market, accounting for nearly 72.4% of market share.
The U.S. is expected to be the most lucrative country owing to the growing adoption of organic farming methods in the country
In terms of source type, animal source will lead the segment, holding over 72.1% of market revenue.

“Various favorable government initiatives are ecnouraging organic farming across the U.S. and Canada. This is expected to bolster the demand for organic fertilizers over the forecast period,” said an analyst at FMI.

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Organic Fertilizers Market: Participant Insights

According to the Market Research analysis Sustane Natural Fertilizer Inc, True Organic Products Inc, California Organic Fertilizers Inc., Purely Organics LLC, Fertoz Limited, Fertilizers USA LLC, The Scotts Miracle-Gro Company, Sigma AgriScience, LLC, Bio Green USA, Inc., American Plant Food Corporation and others are identified as Key Players in the North America Organic Fertilizers market

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1,4-Dicyclohexylbenzene Market expected to register growth at 3.7% during the forecast period of 2022-2031

In its latest study, Future Market Insights (FMI) has forecast the demand for 1,4-Dicyclohexylbenzene to rise in chemical, paints and coatings, and electrical and electronics industries. As per the research report, the 1,4-Dicyclohexylbenzene market is expected to register growth at 3.7% during the forecast period of 2021-2031.

Growth in automobile sales will fuel the demand for 1,4-Dicyclohexylbenzene owing to its use as a solvent in paints and plastic products used in the automobile industry.

Future Market Insights (FMI) offers in-depth analysis on the 1,4-Dicyclohexylbenzene market in its latest report. Growth forecast remains positive for the market as sales is predicted to rise by 3.7%, annually through 2031. Despite disruptions witnessed amid COVID-19 outbreak, scope for expansion remains fairly impressive as the market exhibited 3.9% year on year growth in 2020-2021.

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Besides the automotive sector, the chemical industry will emerge as a major consumer of 1,4-Dicyclohexylbenzene due to its use as a chemical intermediate in manufacturing of phenol, which is further used for epoxy resins.

In addition to this, the increasing demand from the electrical and electronics sector, to meet intensive specifications and requirements of consumer electronics and other devices is expected to create significant growth opportunities. These factors will prove crucial for consistent growth of the global 1,4-Dicyclohexylbenzene market.

Key Takeaways from 1,4-Dicyclohexylbenzene Market Study

China has emerged as a leading consumer of 1,4 – Dicyclohexylbenzene owing to strong presence of chemical, automobiles, and electrical and Electronics industries in the country.
The chemical industry is the largest consumer of 1,4-Dicyclohexylbenzene, exhibiting increasing application in the production of diverse chemicals.
South Korea and Japan also will emerge as lucrative markets with East Asia. Globally, these countries are expected to account for 9.4% of 1,4-Dicyclohexylbenzene sales in 2021.
Sales in the U.S. will consistently rise, accounting for 85.9% of demand in North America in 2021.

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“Increasing application in chemical production will drive the 1,4-Dicyclohexylbenzene market. In order to capitalize on existing opportunities, market players are expected to enter into partnership agreements with regional players,” said an analyst at FMI.

1,4-Dicyclohexylbenzene Market: Participant Insights

Key manufacturers in the 1,4-Dicyclohexylbenzene market, such as, Schultz Canada Chemicals Co. ltd., Biosynth Carbosynth, Henan Tianfu Chemicals Co. Ltd., Changsha Easchem Co., Ltd., Hefei TNJ Chemical Co. Ltd., Jiangsu Zhongneng Chemical Technology Co., Ltd., Tokyo Chemical Industry Co. Ltd., Syntechem Co. Ltd, among others are focusing on introducing new products in the 1,4-Dicyclohexylbenzene market. Since the market is very niche, some manufacturers are investing a significant amount in research and innovation to explore various applications field.

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Ammonium Thiosulfate Market will reach US$ 367,590.1 Thousand by 2031-end

Future Market Insights (FMI) has projected the ammonium thiosulfate market to expand at a robust CAGR of 6.8% through 2031. Driven by rising demand from diverse end-use industries such as agriculture and agrochemical industries, the market will reach US$ 367,590.1 Thousand by 2031-end.

The global ammonium thiosulfate market will exhibit a year-on-year (YoY) growth of 5.4% in 2021. Regionally, North America is expected to dominate the global market, accounting for over 68.8% of market share in 2031.

Ammonium thiosulfate has witnessed a considerable increase in demand from diverse end use industries such as agrochemicals, pharmaceuticals, water treatment, agriculture and mining sector among others.

Owing to the growing demand for crop production across the globe, demand for nitrogen & phosphate based fertilizers is anticipated to increase in the coming years. Rising need for more nutrients in the soil, adoption of ammonium thiosulfate will increase.

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As ammonium thiosulfate fertilizers provides certain vital elements for the plant and crops growth, adoption within agriculture sector will increase, spurring sales. Moreover, decreasing land area worldwide due to growing urbanization and industrialization will also fuel demand for ammonium thiosulfate.

The market for ammonium thiosulfate witnessed moderate growth during FQ-20, due to the sudden outbreak of Covid-19. Decrease in demand within the industrial sector resulted in slight decline of sales.

However, the market is expected to witness positive growth outlook backed by the increasing demand for ammonium thiosulfate from the agriculture sector. According to Future Market Insights, the global ammonium thiosulfate market is anticipated to grow at a healthy CAGR of 6.6% during the forecast period of 2021 and 2031.

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Key Takeaways from Ammonium Thiosulfate Market Study

In terms of end use, photochemical and water treatment are expected to witness high growth during the forecast period.
The global ammonium thiosulfate market is anticipated to reach a value of US$ 367.5 million by the end of the forecast period.
Industrial grade will be the preferred grade type among end-users, accounting for lion’s share in the global market
Powder form is expected to remain the key form type of owing to substantial demand of the inorganic compound for various other industries including mining and treatment of industrial wastewater.
The U.S. is projected to remain the lucrative market owing to the presence of key producers and steady expansion of agriculture industry in the region.

“Prominent manufacturers of ammonium thiosulfate are specifically emphasizing on capacity expansions and agreements with the sole purpose to cater demand and gain more regional presence, especially in India and the U.S.,” said a lead analyst at FMI.

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Ammonium Thiosulfate Market: Participant Insights

Key market participants in the global ammonium thiosulfate market are Tessenderlo Kerley, Inc., Koch Nitrogen International Sarl, Kugler Co., Martin Midstream Partners, TIB Chemicals AG, Esseco Srl, PCI Nitrogen, Shakti Chemicals.

Key players are focusing on strategic expansions by expanding production capacity, in emerging economies by setting up of new production units, collaborations and mergers and acquisitions of other market participants to provide to increase their market presence.

They are further focusing on strengthening of their product portfolio and developing stronger distribution network.

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