Market Research Blog – Page 15159 – New Product Development

Time Temperature Indicator Labels Market Gaining Impetus from Food and Pharmaceutical Cold Supply Chain Applications: FMI

The global time temperature indicator labels market has been moderately affected from 2019 to 2020, with the challenges posed by the COVID-19 pandemic. Restrictions on production, international trade, and supply chains held back short-term growth.

According to a new report by Future Market Insights (FMI), the market crossed US$ 742 Mn through 2019, with a healthy 6.6% CAGR till the end of the forecast period in 2030. According to the report, innovations in intelligent packaging solutions and enzymatic labels are support long-term developments.

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In spite of the positive prospects of the time temperature indicator labels market, low awareness about time temperature indication technologies, especially in developing countries might hold back market growth.

Key Takeaways

The size of the time temperature indicator labels market is estimated to surpass US$ 776 Mn by the end of 2020, with food and drug storage and transport applications being major driving factors for the market
Pharmaceutical manufacturers will remain primary end users, while applications in food and beverage processors are expected to grow at a relatively faster rate driven by the adoption of cold supply chains
Critical time and temperature indicator technologies will account for higher demand owing to cost and weight benefits, accounting for over 80% of the market
Europe followed by North America are leading regional markets for time temperature indicator labels, supported by the presence of leading pharmaceutical players and strict regulations in terms of health and food safety

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“Growing levels of domestic and international trade for perishable commodities is a major driver of the global time temperature indicator labels market. Extensive application of these labels for clinical products, seafood, and wine especially in developing countries will continue boosting the shipping of these items, in turn creating lucrative prospects for time temperature indicator labels sales” says the FMI Analyst

Covid-19 Impact Analysis

The covid-19 pandemic has had a moderate impact on the global time temperature indicator labels market. Supply chain disruptions and restrictions on manufacturing activities due to lockdown have hindered short-term market prospects.

Manufacturers have taken to diversifying supply chains away from China to minimize the impact of the outbreak. The need for cold supply chains for the covid-19 vaccines are likely to prove lucrative to market players.

Also, the growth of the ecommerce sector during the pandemic and online purchases of drugs and food has created lucrative growth opportunities, which is helping in cutting down losses during the crisis period.

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Competitive Landscape

Major players in the time temperature indicator labels market landscape include 3M Company, CCL Industries Inc., Temptime Corporation, Bizerba SE & Co. KG, Delta Trak Inc., Thin Film Electronics ASA, Biosynergy Inc., Evigence Sensors, Insignia Technologies Ltd., and La-Co Industries Inc. among others.

Manufacturers are increasingly relying on product development and launch strategies to incorporate novel tech advancements in addition to acquisitions, mergers, and geographical expansion to offer improved solutions and to widen their consumer base in a fragmented market landscape.

More Insights on FMI’s Time Temperature Indicator Labels Report

Future Market Insights in its latest report offers a detailed analysis of the global time and temperature indicator labels market covering historical demand from 2015 – 2019 and forecast data for the period between 2020 and 2030. The study covers projections of growth in the market in terms of product type (color only based and barcode based), label information (critical temperature indicators, critical time temperature indicators, and time temperature indicators), technology (microbiological, diffusion, polymer-based, photochemical, enzymatic, and others), and end use industry (pharmaceutical, food & beverage, chemical & fertilizers, and others), across seven key regions.

Industrial Lubricants Market Outlook, Current and Future Industry Landscape Analysis 2030

The global industrial lubricants market is primarily driven by increasing adoption of complex machinery and tools in various industries. Industrials in the manufacturing sector are constantly in a hunt to boost their output efficiency by enhancing productivity and minimizing downtime, sustaining the revenue pool of market players.

Rising stringency in regulatory framework is influencing market players to shift towards bio-based industrial lubricants that, apart from environmental benefits, offer better lubrication and viscosity.

Manufacturers are turning to sustainability measures such as reuse and recycling of industrial lubricants. Moreover, lubricant manufacturers are offering onsite and offsite recycling equipment and services to their end users.

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Global Industrial Lubricants Market – Growth Drivers

Construction sector is the leading consumer of industrial lubricants. The growing infrastructural development in emerging economies is anticipated to fuel the industrial lubricants sales.

Hydraulic fluid is the main product type used in the construction industry in lubrication of heavy load equipment, as it relative cheaper compared to other lubricants.

Moving ahead, the automobile industry is also offering potential revenue prospects for industrial lubricant manufacturers. Umpteen benefits of industrial lubricants such as high durability, corrosion protection and high electrical resistance is boosting their usage in the automotive sector.

Several end-use industries such as the food processing industry are gradually Involving advanced technologies including, artificial intelligence (AI), and automation, imply greater indulgence of machines, thus, auguring well for industrial lubricants market.

Global Industrial Lubricants Market – Regional Analysis

Asia Pacific (APAC) continues to hold leading share in industrial lubricants market, owing to well-established construction and automobile industries in China, Japan, and India. Further, surging manufacturing output and increasing industrialization in these are offering conducive breeding grounds for market players.

North America is also reflecting value-creation opportunities to industrial lubricant manufacturers, owing to expanding oil and gas industry in this region.

The US alone houses about 9,000 independent oil and gas power plants. Demand for industrial lubricants is increasing in drilling and exploration activities in the regional oil & gas industry.

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Global Industrial Lubricants Market – Competitive Landscape

The global industrial lubricant market is fragmented in nature. Companies are highly investing upon R&D activities to shape competitive landscape.

ExxonMobil Corp has launched FuelCell carbon capture technology that has capacity to lower emission from exhaust streams, power plants, refineries and chemical plants.
Fuchs Group has launched RENOCLEAN AIR series to control dust production in the mining sector.

Prominent players in the market includes

ExxonMobil Corp.
Fuchs Group
The Lubrizol Corp.
Royal Dutch Shell
Phillips 66
Lucas Oil Products Inc.
Amsoil, Inc.
Bel-Ray Co. Inc
Total S.A, Kluber Lubrication
Valvoline International, Inc.
Chevron Corp.
Clariant, Quaker Chemical Corp.
Zeller+Gmelin GmbH & Co KG
Houghton International, Inc.
Castrol, Blaser Swisslube, Inc.
Calumet Specialty Product Partners L.P.
Petronas Lubricant International

Global Industrial Lubricants Market – Segmentation

The global industrial lubricants market is segmented on the basis of following

By Base Oil

Mineral Oil
Synthetic Oil
Bio-based Oil

By Product type

Hydraulic fluid
Metalworking fluid
Gear Oil
Compressor Oil
Grease
Turbine Oil
Others
Transformer Oil
Refrigeration Oil
Textile Machinery Lubricants

By End-use Industry

Construction
Metal & Mining
Cement Production
Power Generation
Automotive (Vehicle Manufacturing)
Chemical
Oil & Gas

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Impact of COVID-19 on Global Industrial Lubricants Market

The COVID-19 pandemic has taken a toll on global economy, bringing it back to single-digit growth. The global stock market is continuously falling. All countries have shifted their resources towards healthcare sector and for R&D of vaccines for treating COVID-19. Government-imposed nationwide lockdowns have curtailed the production and shutdown (in worst cases) of manufacturing units in severely affected countries.

Less usage of machinery is resulting in reduced demand for industrial lubricants from myriads of end-use sectors. Subsequent downfall in construction industries across various nations, are further adding fuel to the fire.

Until the situation improvises, infrastructural development from private and government sectors will remain at a halt in near future.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Silicone Market Key Players, SWOT Analysis, Key Indicators and Forecast to 2030

Silicone is an eminent component in various industries, given its umpteen benefits such as high durability, foam control, UV stability, radiation resistance and adhesion. Non-toxicity of silicone drives its application in the food sector where optimum quality is imperative.

Over the last few years, silicone have been a key component in the automobile industry for reducing overall weight of vehicles which further enhances fuel-efficiency. Further, the excellent properties of silicone allows market players to develop customized solutions as per end users’ requirement.

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Global Silicone Market – Growth Restraints

Fluctuating prices of raw materials are majorly hampering the silicone market growth. Government agencies such as the UK Competent Authorities and the European Chemicals Agency (ECHA) has impose reduction on the usage of cyclosiloxanes D4 and D5, used in cosmetic and personal care industry.

Both the silicone products are expected to be limited to concentration of 0.1% by weight in cosmetic formulations.

In medical sector, silicone are considered medical-grade only if they meet the standards of USP Class V and VI. Furthermore, silicone manufacturers have to fulfil various regulations including, Restriction of Use of Hazardous Substances (RoHS), the Dodd-Frank Act, and the US government’s International Traffic in Arms Regulations (ITAR) for production of silicone rubber used in healthcare sector. The entire process is time-intensive, thus, putting strain on market revenue pool.

Impact of COVID-19 on Global Silicone Market

The COVID-19 pandemic has created a steep downfall in world economy by halting manufacturing processes and disrupting supplies in global trade.

Silicone is commonplace material in several industries – cosmetics, automotive and construction – as such, drastic reduction in demand from these end-use industries is severely hitting the profit margins of manufacturers.

Consequently, manufacturers are partially or completely halting their production units, further causing turmoil in the supply chain.

On the other hand, demand for silicone from health care sector have seen a significant uptake amid the COVID-19 pandemic. Medical gloves derived from silicone cause none to minimal allergic reactions. Moreover, rising concerns regarding virus spread are fueling the usage of silicone gloves for common use, and this demand will continue for a long period.

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Global Silicone Market – Regional Analysis

Asia Pacific (APAC) would remain in the vanguard of the global silicone market both in terms of revenue share and CAGR. The market growth in the region is majorly driven by well-established electronics and automotive industry.

High adoption of renewable energy and fast uptake of electric vehicles (EV) are providing lucrative opportunities for silicone manufacturers. China, Japan, India, and Australia are attracting huge stakeholders’ attention, given presence of large manufacturing sector in these countries.

Emergence of automotive sector in Mexico is driving the silicone market in North America. Rising demand for minimally-invasive surgeries in tandem with well-developed healthcare infrastructure is further propelling the regional market.

Global Silicone Market – Competitive Landscape

The global silicone market is fairly consolidated comprising limited number of players. These market leaders are continuously focusing upon expansion activities and R&D projects to widen the application of silicone materials. For instance,

Wacker Chemie AG (Germany) and Shin-Etsu Chemical Co. Ltd. (Japan) are expanding their manufacturing units in APAC, owing to low cost production and cheap labors.
In June 2020, Shin-Etsu developed a new technology – Reduced-Platinum Reaction Curing System Technology – for reducing the usage of platinum in silicone release coatings.

Players in global silicone market includes

Shin-Etsu
Ashland
Momentive
Kemira
Dow Corning
Evonik
Wacker Chemie

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Global Silicone Market – Segmentation

The global silicone market is segmented on the basis of following,

By End Users

Construction
Automotive
Industrial Application
Other

By Curing Method

Acetoxy
Oxime
Alkoxy
Others

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.

Purified Terephthalic Acid (PTA) Market Growth Opportunities in Global Industry by 2030 Edited by Leading Research Firm

Purified terephthalic acid (PTA) is a crucial element in manufacturing man-made fibers. Around 70-80% of polyester products are made up of purified terephthalic acid. Purified terephthalic acid is a cost effective alternative to dimethyl terephthalate (DMT), PTA has been a commonplace in the textile and packaging sectors. Moreover, PTA is finding application in healthcare sector for treating peptic ulcer, reflux esophagitis and gastroesophageal reflux disease (GERD). The global purified terephthalic acid market is projected to grow at a healthy CAGR over the forecast period, 2020-2030. Market players are exploring growth potentials in marine, construction, and transport & wind energy industries.

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Impact of COVID-19 on Purified Terephthalic Acid (PTA) Market

The global economy is witnessing deepest recession after WW2 due to COVID-19 pandemic, and its effect is apparent across the global purified terephthalic acid market as well. Due to halt in export and import from various countries, demand for textile has reduced, and manufacturers are forced to curtail production or shut down their production units. According to just-style, about 80% of textile industries in Africa have faced downfall during the pandemic. Moreover, majority of market players are dependent on China for raw materials. As the country is facing the second wave of the pandemic, reinstating lockdowns in key manufacturing hubs are severely hampering the supply chain disruption of purified terephthalic acid market.

On the flip side, PTA is finding immense use in manufacturing of personal protective equipment (PPE) kit amid the pandemic. PPE kits have become a must for the frontline healthcare workers in order to protect them from the coronavirus while treating patients. As such, surging demand for PPE kits from various sectors is offering lucrative prospects for PTA manufacturers. With 3600 manufacturing units, about 2 lakhs personal protective equipment (PPE) kits are produced in India alone.

Purified Terephthalic Acid (PTA) Market Regional Analysis

Asia Pacific (APAC) continues to hold leading share in purified terephthalic acid market. China is the largest manufacturer and exporter of PTA in the world. Additionally, APAC is the largest textile consumer, especially polyester fabric and yarn. Growing at a CAGR of around 5%, the APAC textile is poised to register revenues worth US$ 520 by 2024. Further, surging sales of apparels through online platforms is anticipated to provide remunerative opportunities for PTA manufacturers. Going forward, North America is also attracting significant stakeholders’ investments, given rising adoption of polyethylene terephthalate (PET) in bottling and packaging industries. Studies find that the PET bottle industry in the region is expected to exhibit stable growth in the coming years.

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Purified Terephthalic Acid (PTA) Market – Competitive Landscape

The global purified terephthalic acid market is highly fragmented, key manufacturers accounting for slight over a third of overall market revenue. Market leaders are focusing on collaboration and capacity expansion to maintain their competitiveness in the purified terephthalic acid market. For instance,

BP has formed strategic collaboration with China Resources Chemical Innovative Materials holding Limited (CRC) to create and improve flexibility of its polyester value chain.
Sinopec Yizheng Chemical Fibre Company has collaborated with SIBUR Holding to invest in Amur GCC for expansion of new and large-scale projects.

Players in global purified terephthalic acid market include

Sinopec Yizheng Chemical Fibre Company
Mitsui Chemicals
Reliance Industries Limited
Eastman Chemical Company
DuPont, Formosa Plastics Group
Alfa Group
Indian Oil Corporation
Mitsubishi Chemical Corporation
SABIC
Samsung Petrochemical Co. Ltd.
Samyang Corporation.

Purified Terephthalic Acid (PTA) Market – Segmentation

Purified terephthalic acid market is segmented on the basis of following,

By Application

Polyester
By Grade
Fiber & Yarn Grade
Polybutylene terephthalate (PET) Grade
Film Grade
Polybutylene Terephthalate (PBT)
Plasticizers
Others

By End User

Textile
PET Bottles
Packaging

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Silver Powder And Flakes Market | Where Should Participant Focus To Gain Maximum ROI | Exclusive Report By Future Market Insights

Silver powder and flakes are used by converting it to conductive pastes and adhesives. The high conductivity of silver in the ink form maximize its performance. Silver powder and flakes is largely used in the electronics industry. These powders are also used in adhesives and sealants. The rise in these markets is expected to increase the demand for silver powder and flakes, thus helping the global silver powder and flakes market to grow. In the global silver powder and flakes market, rise in demand for the hybrid silver coated materials will be seen in the near future. Also, the use of silver nanoparticles for antibacterial use will increase the demand for silver powder and flakes. This increase in the demand is anticipated to project a positive growth on the global silver powder and flakes market. Having said that, the global silver powder and flakes market is expected to witness double digit growth in the forecast period.

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Drivers and restraints

The growing electronics industry is projected to be a major driving factor for the global silver powder and flakes market. Also, the demand for silver powder and flakes is expected to increase due to the rise in the adhesives and sealants industry. It is anticipated that, during the forecast period there will be a shift of trend towards use of hybrid materials that will integrate the use of less conductive and less expensive silver powder and flakes. The growing automotive industry is also anticipated to be a major driving factor for the global silver powder and flakes market. Though the silver powder and flakes market had been buffeted by rise in silver prices, there are opportunities for the key players who are able to provide customized high quality silver powder and flakes. Also, the shift of trend towards the use of silver nano powders and flakes is expected to be a major restraining factor for the global silver powder and flakes market.

Region – wise outlook:

Geographically, the global silver powder and flakes market can be broadly segmented on the basis of seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia – Pacific, Japan and Middle – East and Africa. North America is expected to be the fastest growing region in the global silver powder and flakes market. Asia pacific is also anticipated to emerge as a leading region in the global silver powder and flakes market. China is expected to witness fast growth in the global silver powder and flakes market.

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Major key players:

Some of the key market players identified in the global silver powder and flakes market are:

E. I. du Pont de Nemours and Company
Johnson Matthey AgT
Ferro Corporation
Ames Goldsmith Corporation
Mitsui mining & smelting Co.,ltd
Metalor Technologies SA

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.

Silver Powder And Flakes Market Segmentation

The global silver powder and flakes market is broadly segmented on the basis of product types as:

Silver powders
Silver flakes
Nano powder and flakes
Others

The global silver powder and flakes market is broadly segmented based on end use industry into:

Electronics and electrical
Photovoltaics
Silver inks
Automotive
Adhesives
Others

Regional analysis includes

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

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Butyraldehyde Market Overview With Geographical Segmentation By Revenue With Forecast 2025

Butyraldehyde is a colorless, liquid with a pungent odour. It is produced by reacting propylene and synthesis gas over a catalyst (mostly rhodium). It is highly soluble in most common organic solvents, but scantly soluble in water. Butyraldehyde which is also known as butanal is used as a raw material for downstream organic synthesis of products such as n-butanol, trimethylolpropane, 2-ethylhexanoic acid, and polyvinyl buthylal. These chemicals are in turn used to produce synthetic resins, rubber accelerators, pharmaceuticals, perfumes, crop protection chemicals, and pesticides among others.

Butyraldehyde is mostly used as a raw material for producing n-butanol, which is used to manufacture pharmaceuticals, polymers, and pyroxilin plastics. It is also used as diluents in melamine-formaldehyde and urea-formaldehyde resins production. The second largest application for butyraldehyde is production of 2-ethylhexanol, which is used in DEHP, a plastic softener phthalate. Trimethylolpropane, polyvinyl butyral and 2-EH acid accounts for low consumption of butanal.

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Due to the varied applications of the downstream derivatives of butyraldehyde, it enjoys high demand from various end use industries. Pharmaceutical and plastic industry accounts for the maximum demand of butyraldehyde. Its use as a pesticide and crop protection chemical also bodes well for butyraldehyde market. However, it poses health hazard as well as environmental threats through direct contact is expected to hamper the market growth during the forecast period. Moreover, DEHP which is one of the main consumers of butyraldehyde, has been listed by REACH as one of the most harmful chemicals to human, and is banned in Europe. In the U.S there are strict regulations regarding the manufacture, storage, and transportation of butyraldehyde. The North American market is the largest consumer of butyraldehyde, followed by Asia Pacific.

Multinational chemical companies such as BASF SE, Dow Chemicals, Asahi-Kasei and Eastman Chemical Company are the major players in the market.

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

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The report covers exhaustive analysis on:

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

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Produce Packaging Market Will Grow by 4.4%; Corrugated to Remain Top-selling Packaging Type

According to the report by Future Market Insights, the global produce packaging market will register a moderate CAGR during the forecast period. The overall sales in the market is expected to surpass US$ 33 Bn by 2021

Increasing awareness regarding the healthy food products and growing incidence of food-borne illnesses are propelling the demand for fresh food products. Coupled with this, growing consumption of meat-free and gluten-free food products will create a conducive environment for sales.

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The growing environmental concerns and stringent government regulations regarding the use of plastic have improved the demand for sustainable paperboard and corrugated boxes for produce packaging. In order to capitalize on this trend, key companies are focusing on developing sustainable and innovative produce packaging solutions.

For instance, in September 2021, Jujo Thermal announced the launch of Shieldplus, a game-changing recyclable fiber-based barrier material for food produce packaging. These products provide a sustainable solution for packaging of dry, moist and fatty foods, which also has excellent barrier properties to protect the contents and to maintain their quality.

A plethora of such developments will aid the growth in the produce packaging market over the coming years. Against this backdrop, FMI estimates, the global produce packaging market is poised to expand at 4.4% CAGR between 2021 and 2031.

Key Takeaways from FMI’s Produce Packaging Market Study

In terms of packaging type, plastic containers are projected to exhibit fastest growth through 2021
Re-packers end-use segment will account for nearly 50% of global market share through 2031
China and Japan are identified as the key producers and exporters in the global produce packaging market
South Korea produce packaging market represented nearly 7% of sales in global market between 2020 and 2021

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“Key players in produce packaging market are collaborating with e-commerce food stores and local retail stores to gain competitive edge. In order to gain competitive edge, market players are focusing on developing compact and sustainable produce packaging solutions, which also meet the requirement from retail stores,” says the FMI analyst.

Competitive Landscape

As per Future Market Insights, Mondi Group, Amcor PLC, Berry Global Inc., and Ball Corporation are identified as the top 4 players in produce packaging market. These players are expected to contribute around 8%-10% of global market revenue in 2021.

Key companies operating in produce packaging market are focusing on sustainability and introducing recyclable and eco-friendly packaging to attract consumers. Also, some of the players are introducing new launches to strengthen their global footprints.

Get Valuable Insights on Produce Packaging Market

Future Market Insights, in its updated report, presents an exhaustive analysis on the global produce packaging market, covering historical demand data and forecast figures for the period between 2021 and 2031. The study divulges compelling insights on growth drivers and market potential in detailed segmentation basis of application (food grains, vegetables, and fruits),

end user type (growers/shippers, re-packers, and retail stores), and packaging type (corrugated boxes, bags & liners, plastic containers (cups, tubs, bowls etc.), trays, and other packaging) across seven major regions including North America, Latin America, Europe, Asia Pacific excluding Japan, Middle East & Africa, and Japan.

Surface Protection Films Market to Hit US$ 2 Bn Mark in 2028, COVID-19 Pandemic to Hinder Sales Expansion

The global surface protection films market is anticipated to expand at a CAGR of 5.5% over the forecast period of 2020-2030. The market is witnessing a demand upsurge to protect metal & plastic sheets, glass & mirrors, pre-painted surfaces, carpets, and furniture surfaces from vibrations and dust scratches.

Various types of surface protection films, such as transparent, translucent, and coloured/tinted films have been gaining traction over the past couple of years, attributable to the rising preference for protective packaging.

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Furthermore, the ability to provide chemical, UV, and abrasion resistance to several industrial and non-industrial applications is broadening the adoption of surface protection films.

As such, the global surface protection films market is set to experience decent growth through 2030, crossing a valuation of US$ 2 Bn towards the end of the forecast period.

“The growth outlook for the market seems promising, owing to excellent conformability, high adhesive strength, and abrasion-resistant attributes of surface protection films. On the other hand, sales are estimated to witness considerable decline in the next two quarters of 2020, owing to the COVID-19 pandemic across continents. Majority of revenue is realized from the construction and electronics industries. Lockdown and restrictions on import & export activities in high potential countries such as China and India have created an adverse impact on these Industries. This will hinder the growth of the surface protection films market in the near term. However, shifting inclination towards the adoption of protective packaging solutions will boost the demand for surface protection films over the coming years.”

Key Takeaways from Surface Protection Films Market Study

Glass & mirrors remain key application areas of surface protection films, followed closely by furniture surfaces. These two collectively accounted for nearly 45% revenue share in 2019, primarily attributable to growth of the construction industry.
Polyethylene (PE) remains highly preferred for manufacturing surface protection films, owing to its low cost and exceptional tear-resistant attributes. This polymer material will continue to maintain its positive trend over the decade ahead.
The construction & interiors and electrical & electronics industries would be the immediate end users of surface protection films, capturing around ¾ value share, collectively.
The global surface protection films market is highly competitive. Manufacturers of surface protection films are focusing on providing additional features and employing newer technologies such as self-healing to ensure easy peeling without leaving any residue on the surface. These innovations provide convenience features to end users, and help manufacturers in achieving product differentiation.

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surface protection films market share by region pr

Focus of Prominent Manufacturers on Market Consolidation

Leading players in the global surface protection films market are focusing on strengthening their foothold in the landscape by expanding their business footprints. Manufacturers are also enhancing their production capacities through strategic mergers & acquisitions. For instance,

In March 2020, Pregis a North America-based manufacturer, acquired Italian temporary protective films manufacturer Soprad. The company Soprad is a manufacturer and supplier of performance-oriented adhesive protective films for a variety of surfaces, including metal, plastic, glass, and carpets. In July 2018, the company launched cost-effective, temporary surface protection films specifically-designed for a new generation, fingerprint-resistant or speciality-coated products.
In August 2017, Chargeurs S.A. acquired OMMA Srl., one of Italy’s leading manufacturers of application machines for surface protection films.
In June 2017, Bischof + Klein SE & Co. KG set up a new extrusion coating line. This is expected to increase the output and enable complete omission of solvents.

About the Surface Protection Films Market Report

Future Market Insights, in its new offering, offers an unbiased analysis of the global surface protection films market, analyzing historical demand of 2015-2019 and forecast statistics for 2020-2030. The study unravels growth projections of the surface protection films market on the basis of thickness (up to 25 microns, 25-50 microns, 50-100 microns, 100-150 microns, and above 150 microns), material (PE, PET, PP, PU, PVC, and others),

colour (transparent, translucent, colored/tinted, and opaque), technology (adhesion lamination and co-extrusion coating/lamination), application (metal sheets, glass and mirrors, pre-painted surfaces, plastic sheets, PVC profiles, furniture surfaces, carpet protection, and other applications), and end use (construction and interiors, electrical and electronics, automotive, industrial, healthcare, and others), across seven major regions. Furthermore, the scope of the report focuses on surface protection films consumed in the packaging industry

Acetophenone Market Current Scenario Trends, Comprehensive Analysis and Regional Forecast to 2025

Increasing consumption of Acetophenone in various applications such as ingredient of fragrances in food & beverages, specialty solvent soaps in plastics and resins and in polymerization of olefins as a catalyst has resulted in growing demand for global acetophenone market. Acetophenone (formula: C6H5C(O)CH3) is an organic compound and the simplest form of sweet-smelling ketone.

It is a thick colourless liquid and is an important precursor to useful fragrances and resins. It naturally occurs in apple, cauliflower, apricot, cheese, banana and beef. By different methods, acetophenone can be obtained. Acetophenone is accomplished by reaction of ethyl benzene with oxygen, which is also one of the key manufacturing methods for acetophenone in the industry. However some other manufacturing methods are also witnessing growth in the global acetophenone market.

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Acetophenone Market: Drivers & Restraints

One of the key drivers for the global acetophenone market can be attributed to the application of precursor to resins. Also, increasing demand from end use industries such as use in pharmaceuticals, food & beverages, consumer goods (detergent, soaps, lotions and creams) and others (tobacco, chewing gum and cigarettes) are fuelling the growth of the acetophenone market. Increasing disposable income and inclination towards luxury goods in emerging economies is also expected to drive the global acetophenone market in coming five years. However, transient corneal injury and skin irritation in human’s as well as numerous regulations concerns act as restraints in the growth of global acetophenone market.

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Acetophenone Market: Region-wise Outlook

The global acetophenone market is dominated by Asia Pacific (excluding Japan) region in terms of global consumption of acetophenone. The emerging economies such as China and India witness an increased demand for high end and luxury products as a result of increase in disposable income and living standard. The Asia-Pacific region is followed by North American region in the global acetophenone market, wherein the U.S. is the key market for perfume & fragrance manufacturers. Furthermore, Western European region is the next key region, in the global acetophenone market. The Western European region accounts for a large number of fragrance manufacturers, resulting in high demand for acetophenone.

Acetophenone Market: Key Players

Some of the key market players in the global Acetophenone market include Rhodia, Alfa Aesar, CellMark USA LLC, INEOS Phenol and many others.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

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

Acetophenone Market: Segmentation

On the basis of End-User, the global acetophenone market has been broadly segmented into:

Resins
Perfumes & Fragrances
Pharmaceutical Products
Others

On the basis of regions the global acetophenone market has been segmented into

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

Frozen Food Packaging Market: Sales of Plastic Materials to Generate Significant Revenues

Growing preference for fresh food products is projected to rev up demand for the frozen food packages in the food and beverages industry. In addition, increasing demand to deliver frozen desserts products is projected to impact growth of the global market of frozen food packaging positively. According to Future Market Insights, the global market of frozen food products is projected to reflect a CAGR of 4.9% over the forecast period, 2022-2032.

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Factors Fuelling the Global Market Growth

Growth of the global frozen food packaging market is mainly bound to various micro-economic and macro-economic factors. Demand for the frozen food packages will continue to increase attributed to surge in the food delivery system. In an attempt to attract customers, manufacturers in the food and beverages industry are increasingly offering frozen food products through the online portals.

Moreover, surge in demand for frozen dessert products among customers has further contributed towards growth of the global frozen food packaging market. With the growing need to protect the food products from exposure to extreme weather conditions and moisture, manufacturers are implementing enhanced packaging solutions such as temperature controlled and tamper-proof packaging.

Bound to these factors, sales of the frozen food packages in the food and beverages industry is projected to witness robust growth throughout the forecast period.

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Packages for frozen food products also remain concentrated among the suppliers of the frozen food products. Manufacturers in the food and beverage industry witness significant demand for frozen food products as they have a fresh flavor and can be preserved for comparatively long time.

Suppliers of prefer opting for frozen food product packages in order to protect the product from moisture and unprecedented climate conditions. These factors are projected to fuel demand for the frozen food packages in the food and beverage industry positively.

On the other hand, high quantity of sodium in various frozen food products has led to a drop in the sales of the frozen food products, which has in turn led to a drop in demand for the frozen food packages.

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In addition, increasing prices of the frozen food products add to the overall cost price of the product, which is projected to witness drop in demand for the frozen food packages. These factors are projected to inhibit growth of the global market of frozen food throughout the forecast period.

Plastic Materials to Witness Robust Demand

With the increasing demand for tamper-proof packaging, manufacturer prefer using plastic materials for frozen food product packaging. By packaging material, the plastic segment is projected to represent relatively high revenue growth, reflecting more than US$ 7,000 Mn by 2022-end. On the other hand, the paper & paperboard segment is expected record a relatively high CAGR through 2022.

Based on the packaging type, the bags & pouches segment is projected to register a robust CAGR, recording more than US$ 2,000 Mn by 2017-end. During the forecast period, the frozen specialties application type segment is expected will reflect a healthy CAGR.

On the other hand, the meat, poultry & seafood segment is projected to account for more than US$ 3,000 Mn by 2022-end. Europe will continue to remain a leading market for the frozen food packages globally.

Market Players

Major player in the global market of frozen food packages are Ball Corporation, Amor Ltd., Crown Holding Inc., Bemis Company Inc., Pactiv LLC., International Paper Company, Sonoco Products Company, Sealed Air Corporation, Printpack Inc., Berry Global Group Inc. and Huhtamaki Oyj.

For further insights into the global frozen food packaging market, write in to Future Market Insights analysts at press@futuremarketinsights.com

About Packaging Division at Future Market Insights

The Packaging division at FMI provides an in-depth historical analysis and granular projections of the global packaging market. Ranging from packaging materials to designs & formats, FMI has an exhaustive market research database, serving clients with unique offerings and strategic recommendations. With a repository of 750+ reports, the team analyzed the packaging industry comprehensively in 70+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help