Market Research Blog – Page 15131 – New Product Development

LED Light Bar Market Insights, Deep Analysis of Key Vendor in the Industry 2022-2027

Over 1.5 million LED light bars were sold in 2018, equaling a market value worth US$ 825 Mn. A new FMI study finds that the LED light bar market is projected to grow at 3.7% y-o-y in 2019. Key factors responsible for the projected growth of the market include,

Higher adoption of LED lighting as a potential substitute for traditional light sources
Automakers and construction engineers seeking innovations in the LED light system
Huge advantages of energy efficiency associated with LED lighting
Consistent R&D investments to improve performance with better phosphors and other materials

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Single Row LED Light Bars Accounted for Half the Sales in 2018

The FMI study finds that nearly 5 in 10 LED light bar purchased in 2018 were single row LED light bars. Greater preference for single luminaire augurs well for the single row LED light bar sales. While single row LED light bars are expected to grow at 4.1% in 2019, LED light bars with two rows or dual row will register the second highest sales in the market.

Preference for single and dual-LED light bar remains limited to application with small to mid-sized areas such as residential and commercial spaces whereas application of triple row or quad row can be found at larger public places or private event areas.

Combo Beam Pattern Top Selling, Accounting for Over 6 in 10 LED Light Bars

The study finds that sales of LED light bars with combo beam pattern registered over one-third of the global LED light bar market revenues in 2018. With that over 6 in 10 LED light bars to be sold in 2019 will be with combo beam pattern. Demand for LED light bars with combo beam pattern remains highly consolidated in off-road heavy-duty automobiles and some specialized applications.

Flood and spot beam patterns collectively accounted for nearly one third of the market revenue in 2018. However, demand for flood beam pattern in LED light bar remains higher as compared to LED light bars with spot beam pattern.

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Application in Events and Shows Continues to Surge

FMI opines that 4 in 10 LED light bars were sold for the application in events and shows in 2018. Use of LED light bars remains higher in events and shows as stakeholders seek cost-saving and energy-efficient ways to optimize the overall cost structure. The demand trend in events and shows application is likely to continue in the future wherein growth of 4% is projected in 2019.

Automotive is another lucrative application segment for LED light bars wherein automakers are vying to introduce innovative as well as appealing designs of LED light bars. With a 4% growth rate, nearly 3 in 10 LED light bars are expected to be sold in the automotive sector in 2019.

Low Power Rating – A Key Influencing Factor

The FMI study estimates that over 3 in 10 LED light bars sold in 2018 were with power rating below 100 W. Manufacturers in the market offer LED light bar of 100 w of lower power rating with high luminaire, compact design, power options and versatile mounting. As these low power rating LED light bars fit well in the tight requirements of end-users in terms of cost saving and energy efficiency, their sales are expected to grow steadily in the future.

Manufacturers in the LED light bar market offer power rating ranging from below 100 W to above 300 W. The study finds that sales of 101-200 W LED light bars is expected to grow rapidly in coming years as demand for greater illumination in single luminaire continues to rise.

APEJ Spearheads LED Light Bar Sales

The FMI study reveals that APEJ continues to witness significant demand for LED light bars. In 2018, the region accounted for 4 in 10 LED light bars sold across world regions. While Europe represents the second largest demand for LED light bars, Latin America, despite lower sales, is projected to witness increasing demand and grow at 4% in 2019.

Sales of LED light bars continue to rise steadily in developing countries wherein demand aggregation remains no more limited to the residential or automotive sector but extends to public sectors on the back of increasing energy requirements.

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Key SegmentOn the basis of configuration

single row
double row
triple row
quad row

On the basis of beam pattern

flood
spot
combo lights

On the basis of application

events & shows
automotive
restaurants & bars
charter & boats

On the basis of power rating

below 100W
101-200W
201-300W
above 300W

Fire Pump Test Meters Market 2022 Outlook, Current and Future Industry Landscape Analysis 2027

The fire pump test meters market growth is likely to continue an upward trajectory, with global demand set to surpass US$ 192 Mn in 2019, up from nearly 183 Mn in 2018. These insights are as per the latest FMI research study that projects a promising outlook for fire pump test meters market 2019 and beyond.

According to the study, broader trends, such as growing emphasis on enhancing operational efficiency and mitigating downtime continue to fuel investment in fire pump test meters.

The FMI study finds that end-users continue to show a marked preference for mid-sized pipes, owing to wider applications across a range of applications. The study opines that ‘5.1 inches to 9 inches’ will remain the topselling variant in 2019, with the status-quo unlikely to change during the course of the forecast period.

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FMI Survey Finds End-Users Prefer Grooved Fire Pump Test Meters over Flanged Variants

The FMI survey finds that fire pump test meters with grooved body type remain highly-favored, with global sales likely to equal a market value of over US$ 95 Mn in 2019. The oil, gas, and chemicals industries continue to spearhead demand, with the market benefitting from the recovery in oil prices. According to the study, evolving regulations concerning safety at oil & gas plants are likely to hard press stakeholders to bolster their security apparatus.

Fire pump test meter sales in the oil & gas industry are likely to be complemented by growing applications in power generation sector. Testing equipment, including fire pump test meters, is emerging as a viable investment for reducing high insurance costs in the power generation sector; the FMI study remains bullish on adoption of fire testing equipment in power generation sector in the future.

North America, spearheaded by healthy sales in the US, retains its lucrativeness in the fire pump testing meters market. The lucrativeness of this region can be attributed to growing emphasis on process streamlining by diverse industry verticals.

The manufacturing framework of fire pump testing meters remains highly influenced by codes and standards issued by prominent organizations, such as National Fire Protection Association (NFPA), vis-à-vis design of fire pumps and related components. Moreover, NFPA guidelines on inspection of fire pump test meters post initial installation and on annual basis thereafter remains a crucial aspect encouraging manufacturers to offer value-added services. With disruptive innovations gaining traction, manufacturers are vying to offer advanced products that simplify testing processes with a high level of reliability.

Addressing the challenges associated with accuracy in high precision for even low-end readings remains a key focus area for manufacturers. Sensing the shifts in end-user demand, manufacturers are incorporating advanced materials to withstand extremes of operational environment. Fire pump test meter manufacturers are also offering extended warranties to boost consumer confidence and repeat sales.

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Key SegmentOn the basis of pipe size

1-5 inches
5.1-9 inches
9.1-12 inches

On the basis of body type

grooved
flanged
others

On the basis of end use

oil
gas & chemicals
power generation
manufacturing
fire protection
pulp & paper
other industries

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Natural Cosmetics Market 2022 Outlook, Current and Future Industry Landscape Analysis 2027

According to a recently published business intelligence report by Future Market Insights (FMI), the global natural cosmetics market was valued over US$ 36 Bn in 2019. Rising awareness about the side effects of chemical-based beauty products and the trend of ‘green beauty’ are encouraging manufacturers to increase the production of natural cosmetics to target and retain a large segment of consumers.

Tata’s Natural Alchemy, LLC and Henkel AG & Company, KGaA are amongst the top companies introducing all chemical-free products in their portfolio, as consumers’ inclination towards cosmetics with natural, safer ingredients intensifies.

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Natural Cosmetics for Male Consumers to Gain Traction in FutureModern men are taking a keen interest in caring for their skin. A rising number of men are inclining towards personal grooming and boosting greater self-confidence by looking good. In recent times, men are no longer limiting themselves to only shaving products and deodorants and becoming a habitual user of skin and personal care products.

The organic and vegan beauty movement is also playing an important role in building male consumer base. Additionally, chemical-free skincare products are finding greater resonance among young men who choose to align themselves with renowned brands. This, in turn, is expected to fuel the demand for natural cosmetics for male consumers.

Key Takeaways – Natural Cosmetics Market Study

In comparison with demand in commercial spaces such as salons & spa, household consumption of natural cosmetics remain on higher side. Adoption of natural cosmetics in households accounts for approximately 2/3^rd of the market revenue.
As per the FMI’s study, hair care and skincare natural cosmetics account for more than 50% of the total sales. Growing demand for these traditional products with organic and plant-based ingredients is expected to complement the market growth.
In 2019, sales of unisex natural cosmetics held over 1/4^th of the total revenue. On the contrary, natural cosmetics for men are expected to witness higher demand over the forecast period.
Sales of natural cosmetics through wholesalers or distributors continue to account for high share of the global market value.
In order to strengthen their distribution network and increase consumer base, manufacturers are directing their sales towards convenience store and hypermarkets/supermarkets.
Distribution via online stores is expected to gain tremendous popularity in the near future.

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Europe Captures Major Market ShareOver the forecast period, Europe will continue to hold a significant share in the global natural cosmetics market. European Union has set up a sophisticated legislative framework for players to enter the natural cosmetics market. It assures that products sold in the EU market should fulfil the required standards.

In addition, European consumers widely prefer natural and plant-based products as the region support sustainability, which, in turn, is fueling the market growth. Demand will remain concentrated in Germany, Spain, France, Italy, and the UK and the presence of a larger distribution network with various sales channels will continue to attract new consumers.

More Valuable InsightsFMI’s report on the natural cosmetics market is segmented into five major sections-

Product

Skincare
Haircare
Fragrance
Toiletries

Application

Male
Female
Unisex
Baby

End-use

Personal care
Salon & spa

Sales Region

Hypermarket/Supermarket
Online Stores
Convenience Stores
Specialty Stores
Wholesale/Distributors
Club Stores

And region to help readers understand and evaluate lucrative opportunities in the global natural cosmetics market.

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Construction Material Testing Equipment Market Insights, Deep Analysis of Key Vendor in the Industry 2022-2027

Construction material testing equipment sales surpassed 1 million units in 2018, equaling a market value worth US$ 2.5 billion. A new study by FMI projects revenues to grow at 4.9% y-o-y in 2019. The overall growth of the construction material testing equipment market can be attributed to,

Growing interest of property buyers to investigate the quality of construction before the purchase
Rising importance of durability of construction projects in a bid to ensure public safety
Bullish growth of the construction materials market and introduction of innovative products
Stringent regulatory standards for construction material testing

“Civil engineering projects are largely dependent on the quality of construction materials as they help builders in identifying problems before utilizing the resources, thereby ensuring the economic output of the construction project. This puts construction material testing equipment at hotspot wherein their operations determine the longevity of any infrastructure while lowering future investments in repair and maintenance,” says FMI.

As construction material testing equipment is an integral part of construction projects, their demand is likely to remain steady in the construction sector. The study finds that demand for construction material testing equipment market is likely to remain higher in on-site locations – in 2018, 5 in 10 construction material testing equipment were sold in on-site location projects.

R&D laboratories and educational institutes also use construction material testing equipment, wherein construction materials are tested during the process of materials production or pilot studies. Extensive research and development activities in the construction materials industry to introduce innovative yet durable materials further increases the importance of construction material testing equipment.

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Over 3 in 10 Testing Equipment Sold in Commercial Applications in 2018

Material testing plays a crucial role throughout construction testing as it provides affordable as well as important measures required to ensure long-term sustenance of all infrastructures. With the rising commercial building constructions in developed as well as developing regions, application of construction material testing equipment is likely to consolidate in the commercial application which accounted for over one-third of total sales in 2018.

The FMI study finds that commercial applications accounted for nearly 30% of global sales of construction material testing equipment, whereas transport applications accounted for nearly 20% sales. Residential application also contributed to a significant demand for construction material testing equipment as manufacturers now deliver residential application-specific testing equipment.

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Soil Testing Equipment Remain Highly Sought-After

The FMI finds that demand for soil testing equipment remains highest in the construction material testing equipment market and accounted for over 4 in 10 testing equipment sold in 2018. Inspection of soil properties is essential to implement any infrastructure project successfully. Henceforth, soil testing equipments play crucial role in helping builders to understand the behavior of soil which will be used in construction projects as a structural or filling material.

The study opines that remaining 60% share of the construction material testing equipment sales was attributed to equipments that test materials such as aggregate, concrete and other construction materials.

According to the FMI study, APEJ accounted for one-third of the global demand for construction material testing equipment in 2018. Over the past few years, investments in infrastructure have been one of the key drivers of the region’s economic development.

The region has a dynamic construction sector wherein some countries are engaged in developing domestic infrastructure whereas others are leveraging the potential of export market. In particular, China remains a highly competitive market for construction material testing equipment and accounted for over one-fourth of APEJ demand in 2018.

Europe follows APEJ in terms of construction material testing equipment units sold in 2018. Demand remains concentrated in Germany, whereas the UK also accounts for a significant share of demand in the construction material testing equipment market.

The FMI report tracks the construction material testing equipment market for the period 2019-2027. According to the report, the construction material testing equipment market is projected to grow at 4.9% CAGR through 2027.

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Key SegmentOn the basis of location

on-site
R&D laboratories
educational institutes

On the basis of application

residential
commercial
transport
other applications

On the basis of product type

soil testing equipment
aggregate testing equipment
concrete testing equipment
others

Furniture Polish Market is expected to grow at a CAGR of Approximately Over 2022-2027

Furniture polish sales are likely to grow at over 4% y-o-y in 2019 and surpass 230 mn liters in 2019. The demand for furniture polish has significantly taken off in tandem with the broader growth in the furniture industry. Gains have been complemented by a notable rise in furniture exports, a key aspect encouraging high-scale production activities. FMI’s new study on furniture polish market profiles this evolving landscape, bringing key insights to the fore.

Technological reformations and extensive analysis of end-user specification sentiments remain vital for growth in furniture polish market. According to FMI’s analysis, penetration of e-commerce channels is inducing a massive shift among customers toward online channels. This trend is further being driven by availability of multiple products along with favorable deals.

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Rapid transition toward water-based furniture polish is a palpable trend picking in furniture polish market. The disadvantages associated with chemical-based furniture polish, such as strong odor and harmful fumes, are inducing a shift towards water-based variants with safer applications. According to FMI’s analysis, water-based furniture polishes sales are also likely to grow on account of increasing reluctance toward VOC-inclusive products.

The FMI study finds that end-user preference for aerosol furniture polish continues to remain intact, with global sales likely to exceed 87 mn liters in 2019. Ease of usage, streak-free luster, and competitive pricing are among the key factors fuelling demand for aerosol furniture polish over other variants.

“In a bid to gain a competitive edge, manufacturers are vying to differentiate their marketing strategies with new ideas. For instance, key manufacturers of furniture polishes participate in large furniture fairs where they present and promote their collections among furniture enthusiasts”, says FMI’s report

Fire- and Heat- Resistant Furniture Sales Witnessing a Surge

While aerosol furniture polish continues to witness healthy demand, solvent-based furniture polish coffee machines are likely to proliferate at an impressive rate. Widely-acknowledged for their optimal efficiency, demand for solvent-based solutions is likely to grow at an impressive rate in 2019.

Melamine remains a highly-favored source in the furniture polish market as it offers a greater degree of flexibility and versatility to end-users. As end-users demand polishes that enhance fire- and heat- resistance, melamine sales have witnessed a spike in the recent years — the FMI study forecasts melamine furniture polish will surpass 65 mn liters in 2019.

According to FMI’s study, Asia Pacific excluding Japan (APEJ) accounted for nearly 30% share of the furniture polish market in 2018. Demand for furniture polishes in APEJ remains concentrated in China and India, where a burgeoning middle class continues to create sustained opportunities for manufacturers. The FMI report opines that APEJ will continue to be the largest market for furniture polishes in 2019, with North America and Europe following suit. Furniture polish sales in North America are likely to remain concentrated in the US, whereas EU5 countries continue to be at the forefront of demand in Europe.

The FMI study also profiles growth opportunities in emerging markets. The report opines that Middle East and Africa (MEA) will offer lucrative opportunities for furniture polish manufacturers, as many countries in the region work towards reducing their dependence on oil exports. The study remains bullish on the furniture polish sales in MEA, with revenues likely to grow at 2.8% y-o-y in 2018.

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The FMI report analyzes emerging opportunities in the furniture polish market for the forecast period of 2019-2027. As per the report, the furniture polish market is estimated to grow at a volume CAGR of 4.6% through 2027.

Key SegmentOn the basis of product type

solvent
liquid
aerosols

On the basis of source

alkyd
melamine
polyester
lacquer
others

On the basis of end use

household
corporate offices
hospitality
educational institutes
restaurants & cafes
furniture manufacturers
others

On the basis of sales channel

wholesaler/distributors
supermarket/hypermarkets
specialty stores
online stores

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LTE Testing Equipment Market is expected to grow at a CAGR of Approximately Over 2022 to 2027

Exceptional penetration of wireless technology has been steadily pushing LTE (Long-term Evolution) deployment in recent past. With thriving consumer demand for high speed connectivity, growing emergency of accurate carrier testing, battery testing, conformance testing, and field evaluation is also fueling the sales of LTE testing equipment worldwide. Over-the-air (OTA) testing plays a crucial role in evaluation of realistic capabilities, safety, and reliability of wireless devices.

According to a newly published intelligence outlook by Future Market Insights, remarkable expanse of telecommunication infrastructure will remain the prime factor driving adoption of LTE testing equipment. The approximately below US$ 3 billion market for LTE testing equipment is projected to demonstrate exponential revenue growth in coming years.

As IoT spreads its roots across all verticals, industry operators are extending their demand for integration of a massive network of connected devices and machinery. The resultant emergence of new alternatives of connectivity is prominently driving the expansion of LTE testing equipment on a global label.

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Telecom Holds the Lion’s Share in Global Market Revenue

Telecommunication service providers continue to register maximum installation of LTE testing equipment. Smartphone adoption and subsequently following network connection demand are rapidly translating into robust sales of LTE testing equipment. Rapid connectivity migration from 3G to 4G and 5G is cited as the most prominent driving force instrumenting stellar revenue growth of LTE testing equipment, in recent years.

Looking at the flourishing smartphone landscape in Asia Pacific, it is more likely that the region, along with the developing economies in the Middle Eastern and African region, are also slated to develop high market attractiveness in coming years. Africa, a relatively untapped market for LTE providers, is likely to create a heap of opportunities for both LTE providers and LTE testing equipment suppliers in the near future on account of the thriving telecom industry.

Developing Economies Reflecting Maximum LTE Deployment Potential

India, a potentially attractive pocket of investment for LTE products providers, recently witnessed the launch of a new 4G LTE Network by VNL Limited, a prominent manufacturer in the telecom space. The company has unveiled this LTE network for 4G connectivity across rural parts of India and is offering LTE products at economical prices, with a seamless connectivity. Such developments are foreseen to support the growth of Asia’s LTE testing equipment market, thereby adding to the global revenue of LTE testing equipment landscape.

South Korea is also positioned as a lucrative, high potential market for LTE testing equipment providers, as the country has witnessed rapid roll-out of the LTE network and the current penetration of the network is more than 97%. South Korean telecom operators such as SK Telecom are deploying LTE testing equipment for the network test and measurement in diverse devices. SK Telecom recently extended the outreach of their high speed LTE network to serve over 30 Korean countries and around 75 cities. The report thus points exceptional scope of penetration of LTE testing equipment in South Korean market.

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Key Market Players Focussing on Partnerships & Alliances

As revealed by an extensive assessment of the global competitive landscape of LTE testing equipment market, a majority of the prominent manufacturers and vendors of LTE testing equipment are likely to opt for strategic collaborations and partnerships.

While these strategic deals are considered paramount for LTE testing equipment upgrade, the strategy is more likely to offer market participants a competitive edge over others.

Recently, a collaboration between Rohde&Schwarz, and Gemalto has paved the way for development of new T&M tools that facilitate LTE testing by reducing time and costs, which are otherwise challenging in case of LTE and LTE advanced modules.

A few more prominent companies operating in global LTE testing equipment market include Anritsu, Spirent Communications, Agilent Technologies, Inc., Anite, Aeroflex Inc., Tektronix, Inc., and Fluke Corporation.

Key SegmentOn the basis of type

OTA Test
Carrier Test
Battery Test
Conformance Test
Field Test

On the basis of application

research and development
manufacturing
installation and monitoring

On the basis of end-user

network equipment manufacturer
mobile device manufacturer
telecommunication service provider.

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Laboratory Filtration Equipment and Supplies Market Insights, Deep Analysis of Key Vendor in the Industry 2022-2027

The ultrafiltration technique is becoming a preferred choice among end users in the laboratory filtration equipment and supplies market. Recent improvements in cartridge configurations and varied membrane types have enhanced the technical reliability for large volume applications such as industrial waste water treatment and surface water treatment.

A new report by Future Market Insights (FMI) presents a comprehensive revenue assessment of the global laboratory filtration equipment and supplies market and throws light on the various factors influencing growth in sales of laboratory filtration equipment and supplies. The study further highlights various developments among the leading players operating in the laboratory filtration equipment and supplies market.

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Key Developments in the Laboratory Filtration Equipment and Supplies Market

In 2018, Merck, a Germany-based manufacturer of laboratory filtration equipment and supplies, launched a user-friendly single-use flow filtration device that reduces the risk of cross-contamination in products and prevents exposure to toxic compounds
Dow Chemicals launched ultrafiltration modules that reject particulates that are 0.03 microns and above. This equipment is frequently used in industrial water pre-treatment, as well as in wastewater and water reuse systems
Hungerford & Terry, a provider of water treatment systems, has collaborated with Dow Chemicals to launch ultrafiltration products such as ultrafiltration membranes, hollow fibre, etc.

These developments are expected to positively impact growth of the global laboratory filtration equipment and supplies market.

Increasing Adoption in DNA Analysis and Drug Screening Processes to Drive Revenue in the Laboratory Filtration Equipment and Supplies Market

On the basis of end use, the laboratory filtration equipment and supplies market is segmented into food & beverage companies, pharmaceutical & biotechnology companies, hospital & diagnostic laboratories, and academic & research institutes. Filtration equipment is gaining traction and is used during the process of drug screening and DNA analysis as these processes require high purity and sterility. Manufacturers in the laboratory filtration equipment and supplies market are focussing on offering upgraded laboratory filtration equipment and supplies for various applications such as insulin pumps, patient monitors, dialysis machines, and others. This equipment is also used during the purification of DNA, RNA, oligonucleotides, as well as in the preparation of complex drugs.

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Multiple Applications of Laboratory Filtration Equipment and Supplies Across Diverse Industry Verticals

Manufacturers of laboratory filtration equipment and supplies have started offering industry and application specific devices to cater to the growing needs of industries such as pharmaceuticals and food and beverages. While pharmaceutical and biotechnology companies are increasingly adopting filtration equipment for particle separation and to reduce risk and improve quality, food and beverage companies are demanding laboratory filtration equipment and supplies to enhance product quality and maintain the requisite ingredient quantity in product formulations. The adoption of laboratory filtration equipment and supplies across industries is gradually increasing, and this is pushing revenues in the global market.

North America to Remain Largest Revenue Pocket for Laboratory Filtration Equipment and Supplies

A strong presence of pharmaceutical and biotechnology companies and growing research and development activities in North America are the main factors positively impacting revenue growth of the North America laboratory filtration equipment and supplies market. Increased R&D spending in the U.S. (accounting for 2.7% of its GDP) is expected to bode well for the laboratory filtration equipment and supplies market in North America. The APEJ laboratory filtration equipment and supplies market is expected to register significant growth owing to the rapid industrialisation and growing penetration of international pharmaceutical and biotechnology companies in the region.

Competitive Landscape of the Laboratory Filtration Equipment and Supplies Market

As per FMI analysis, Thermo Fisher Scientific is one of the prominent vendors in the laboratory filtration equipment and supplies market. The company offers laboratory filtration equipment and supplies with upgraded features for varied end-use industries such as pharmaceutical & biotechnology companies, academic & research institutes, and others. Some of the other market participants featured in FMI’s global laboratory filtration equipment and supplies market report are Pall Corporation, Merck Millipore, Sartorius Group, 3M Company, GE Healthcare, Sartorius, MACHEREY-NAGEL GmbH & Co. KG, Synder Filtration, Inc., AMD Manufacturing Inc., Microfilt India Pvt. Ltd. and GEA Filtration. Many of the leading players in the laboratory filtration equipment and supplies market are focussing on entering the untapped markets of developing regions.

Laboratory Filtration Equipment and Supplies Market: Key Segments CoveredProduct Type

Microfiltration
Reverse Osmosis
Ultrafiltration
Nanofiltration
Vacuum Filtration
Accessories

End User

Food & Beverage Companies
Pharmaceutical & Biotechnology Companies
Hospital & Diagnostic Laboratories
Academic & Research Institutes

Key Regions Covered

North America
- U.S.
- Canada
Latin America
- Brazil
- Mexico
- Rest of Latin America
Europe
- Germany
- U.K.
- Russia
- France
- Italy
- Rest Of Europe
Japan
APEJ
- China
- India
- Malaysia
- Singapore
- Australia
- Rest of APEJ
Middle East & Africa
- GCC Countries
- Israel
- South Africa
- Rest of MEA

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Laboratory Filtration Equipment and Supplies Market is expected to grow at a CAGR of Approximately Over 2022 to 2027

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Key Developments in the Laboratory Filtration Equipment and Supplies Market

In 2018, Merck, a Germany-based manufacturer of laboratory filtration equipment and supplies, launched a user-friendly single-use flow filtration device that reduces the risk of cross-contamination in products and prevents exposure to toxic compounds
Dow Chemicals launched ultrafiltration modules that reject particulates that are 0.03 microns and above. This equipment is frequently used in industrial water pre-treatment, as well as in wastewater and water reuse systems
Hungerford & Terry, a provider of water treatment systems, has collaborated with Dow Chemicals to launch ultrafiltration products such as ultrafiltration membranes, hollow fibre, etc.

These developments are expected to positively impact growth of the global laboratory filtration equipment and supplies market.

Increasing Adoption in DNA Analysis and Drug Screening Processes to Drive Revenue in the Laboratory Filtration Equipment and Supplies Market

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Multiple Applications of Laboratory Filtration Equipment and Supplies Across Diverse Industry Verticals

North America to Remain Largest Revenue Pocket for Laboratory Filtration Equipment and Supplies

Competitive Landscape of the Laboratory Filtration Equipment and Supplies Market

Laboratory Filtration Equipment and Supplies Market: Key Segments Covered

Product Type

Microfiltration
Reverse Osmosis
Ultrafiltration
Nanofiltration
Vacuum Filtration
Accessories

End User

Food & Beverage Companies
Pharmaceutical & Biotechnology Companies
Hospital & Diagnostic Laboratories
Academic & Research Institutes

Key Regions Covered

North America
- U.S.
- Canada
Latin America
- Brazil
- Mexico
- Rest of Latin America
Europe
- Germany
- U.K.
- Russia
- France
- Italy
- Rest Of Europe
Japan
APEJ
- China
- India
- Malaysia
- Singapore
- Australia
- Rest of APEJ
Middle East & Africa
- GCC Countries
- Israel
- South Africa
- Rest of MEA

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Mannitol Market Research Report- Opportunities & Challenges With Completely Different Segments, Forecast- 2031

The mannitol market is forecast to exhibit steady growth, with its overall valuation reaching US$ 390.9 Mn in 2021. As per FMI, mannitol sales are expected to surge at 6.8% CAGR over the course of the assessment period. Overall growth forecast for the market will remain positive through 2031.

Growth will continue in response to the growing awareness regarding health and wellness among consumers. Coupled with this, FMI identifies the increasing demand for functional and convenience food as the chief growth driver.

Mannitol is a sugar alcohol with a low-calorie content that is made from hydrogen and fructose. It can be found in strawberries, mushrooms, marine algae, onions, celery, and pumpkins. Mannitol’s natural profile and the clear label will drive sales in the near future. These factors also distinguish it from similar artificial sweeteners.

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Artificial sweeteners have essentially supplanted sugar in the baking industry, particularly as emulsifiers in baking and confectionery. Mannitol is also extensively used in chewing gum as a sweetener. Because of decreasing manufacturing costs and a greater economic scale, the mannitol market is also rising. Food applications of mannitol will continue rising through the course of the forecast period. According to the study, the food industry will account for over 44% of the mannitol market in 2021.

Key Takeaways from the Mannitol Market Study

Mannitol market will register impressive growth at 6.8% CAGR between 2021 and 2031, driven by increasing demand for low-calorie sweetener
As consumers move away from conventional sugar in bakery items amid soaring cases of diabetes, the U.S. market will account for 64.1% of mannitol sales in North America
The EU-4 will represent a lucrative market within Europe, accounting for 36% of mannitol sales in 2021
With demand for baked items surging at a high pace, the mannitol market will register 5.6% y-o-y growth in the U.K. in 2021
Despite China’s dominance, mannitol sales are expected to surge at a higher rate in Japan and South Korea

Sugar Reduction in All Processed Food & Beverages Items

Market trends such as the global fight against obesity and diabetes through sugar tariffs and stricter restrictions have continued to gain traction.

According to the World Health Organization (WHO) data, the number of obese persons reached more than 800 million in 2020, and this figure is expected to rise. Furthermore, by 2040, the number of diabetic patients is predicted to rise to 642 million.

This factor is expected to increase demand for sugar replacements like mannitol in the worldwide food and beverage industry, resulting in increased mannitol sales.

Who is Winning?

Consumer preferences change over time and market players need to accommodate those changes. Consumers will switch to another brand if their preferred products are not accessible.

As a result, manufacturers are feeling the heat and are ensuring that their products meet consumer needs. As a result, high-capital businesses are investing in research and development (R&D) initiatives to meet these changing requirements.

Some of the leading companies offering mannitol are Roquette Frères Company, Cargill Inc, SPI Pharma, Qingdao Bright Moon Seaweed Group Co., Spectrumchemical manufacturing corp., Hebei Huaxu Pharmaceutical Co. Ltd, Rongde Seaweed Co.,Ltd, Ingredion Incorporated, Zuchem Inc, Akhil Healthcare (P) LTD., Pfizer, and other.

Mannitol Market by Category

By Form:

Powder
Crystal

By End Use:

Food
- Bakery Goods
- Sweet Spreads
- Confectionery
- Dairy Products
- Canned Food
Beverages
- Carbonated Drinks
- Fruit Drinks & Juice
- Powdered Drinks and Mixes
Pharmaceuticals
- Solid dosage forms
- Lyophilized preparations
- Medicated confectionery/ Medicated chewing gum

By Region:

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

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Key Questions Answered in the Report

What is the current valuation of mannitol market?

The mannitol market is expected to reach a valuation of US$390.0 Mn in 2021

At what rate did the mannitol market grow in the last 5 years?

Over the period of last five years, from 2016 to 2020, mannitol sales grew at 5.5% CAGR

What are the key trends prevailing in the mannitol market?

Demand for clean-label and low calorie food sweeteners is a key trend in the mannitol market. Considering this, product launches are likely to become more frequent as consumers continue exhibiting high demand for healthy ingredients.

What are the key factors driving mannitol sales?

Mannitol market will significantly gain from the high demand for sugar alcohol in food. Sales will continue rising in response to the increasing demand for functional and convenience food products.

What is the cumulative share of top five companies in the mannitol market?

The top five companies, including Roquette Frères Company, Cargill Inc, SPI Pharma, Qingdao Bright Moon Seaweed Group Co., and Spectrumchemical Manufacturing currently account for 15% of the mannitol market.

What is the value share of Japan and South Korea in mannitol market?

Japan and South Korea are estimated to hold a market value share of 33.8% and 14.2% respectively of the East Asia market in 2021.

About FMI:

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Demand for Microalgae in Fertilizers Sector Market Boosting the Growth Worldwide with Forecast 2022-2031

The demand for microalgae in fertilizers sector is forecast to grow at a steady pace, with its overall valuation surpassing US$ 9479 Thousand in 2021, exhibiting 7.7% year on year growth. As per Future Market Insights (FMI) analysis, demand for microalgae in fertilizers sector is expected to surge at an 8.7% CAGR over the course of the assessment period, from 2021 to 2031.

Microalgae is an organic, natural material and is a source of renewable energy obtained from marine or freshwater sources. Various species are finding roles of water retention and nutrition for varying soil profiles.

They have been utilized as a soil conditioner for numerous years in various studies, where liquid preparation and powdered extracts are used satisfactorily on cereal crops, resulting in increased crop yield, higher nutrient uptake, and improved herbicide tolerance.

Dry algae is also gaining traction as compost, assisting in soil binding, making it ideal for use as a bio-fertilizer. As dry algae is an organic material, it may store nutrients and provide them to plants via capillary action for a longer period.

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Conventional chemical fertilizers dissolve in water and settle deep in the ground. Consequently, nutrients in fertilizers become unavailable over time. Microalgae fertilizers are used to resolve this problem. It also increases the soil’s water-holding capacity and the intermolecular space between soil molecules, allowing sufficient aeration to reach the root system.

Consumer preference for organic and environment-friendly fertilizers to enhance crop yield along with increasing concerns about sustainability drive the demand for microalgae in the fertilizers industry. Rising concerns pertaining to reduced soil salinization, greenhouse emissions, and abiotic stress in agriculture are driving the demand for natural ingredient-based fertilizers, supporting the incorporation of microalgae.

Growing Applications of Microalgae Residue

Cyanobacteria and microalgae have numerous applications and are a significant source of bioactive compounds. Generally, microalga is a rich source of essential macro and micro-elements, which can be used as a protein source in food, feed, and fertilizer applications.

Microalgae contain lipids, carbohydrates, and proteins. Lipids extracted from algae are rich in oxygen (O) (26.3%), C (49.0%), N (5.76%) and hydrogen (H) (6.96%).

Untreated microalgae and microalgae biomass are rich in organic matter and macronutrient contents. This supports soil fertility, which in turn helps consumers to gain higher crop yield. Moreover, the cost of microalgae is comparatively low. Therefore, several fertilizer manufacturers utilize algae waste in their products.

Who is Winning?

Key players who are engaging in producing and supplying microalgae in fertilizers sector are actively involved in changing market strategies and expanding production capacities to keep up with the demand for microalgae in the fertilizers sector.

Some of the key players operating in microalgae demand analysis in the animal feed sector include DIC Corporation, Cyanotech Corporation, Koninkliijke DSM NV, Roquette Frères, BASF SE, Fuji Chemical Industries Co., Ltd., Parry Nutraceuticals, BGG (Beijing Gingko Group), KDI Ingredients, Sinoway Industrial Co., ltd., INNOBIO Corporation Limited, Yunnan Alphy Biotech Co., Ltd, Algaecan Biotech Ltd., Algatechnologies Ltd., Cardax, Inc, Igene Biotechnology, Inc., Fenchem Biotek Ltd., AstaReal Inc., Valensa International, Kunming Biogenic Co., Ltd., and many others.

Demand for Microalgae in Fertilizers Sector by Category

By Species Type:

Spirulina
Chlorella
Dunaliella
Schizochytrium
Euglena
Nannochloropsis
Nostoc
Others

By Source:

Marine water
Fresh Water

By End Use Application:

Biofertilizers
Biocontrole
Soil microalgae
Biostimulants
Fungicide & Insecticide
Pesticide
Soil Conditioner
Agriculture Herbicide
Animal Repellent
Others

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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Key Questions Answered in the Report

What is demand for microalgae in fertilizers sector market size?

Propelled by improvements in research and development and emerging technologies in the fertilizers sector, the global demand for microalgae in fertilizers sector will surpass US$ 9,479.4 Thousand in 2021 and it is also expected to surpass US$ 21,747.6 Thousand by 2031.

At what rate did the demand for microalgae in fertilizers sector expand in the last five years?

According to FMI’s analysis, demand for microalgae in fertilizers sector sales have grown at 6.6% CAGR between 2016 and 2020. The market’s valuation stood at over US$ 8,805.2 Thousand in 2020.

What are the key trends shaping the demand for microalgae in fertilizers sector?

Key trends shaping the market include growing environment-friendly and sustainable agricultural practices. Organic farming will continue fuelling the demand for microalgae in the fertilizers sector across the forecast period. High biotechnology potential for soil research is driving consumer attention.

What are the key factors driving demand for microalgae in fertilizers sectors?

Growing requirements of soil conditioners, efforts to improve abiotic stress tolerance to improve crop yield and stability of soil drive the demand for microalgae in fertilizers sector over forecast period.

What are the statistics of microalgae demand in the North America fertilizer sector?

Demand for microalgae in the fertilizer sector in North America is set to rise, aided by the demand for bio-fertilizers across the U.S. and Canada. As per FMI research, North America will hold 34.3% of the global demand in 2021.

About FMI:

Contact Us:

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com