Global Drink Cans Market To Reach US$ 50 Bn In 2021, With Sales Predicted To Grow By 8.5% CAGR Between 2021 And 2031

In a recent market analysis, Future Market Insights (FMI) has forecast the global drink cans market to expand at a robust 8.5% CAGR, reaching a valuation of approximately US$ 50 Bn in 2021.

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Increasing production output from the food and beverage industry is expected to spur demand for drink cans. The global beverage market has witnessed exponential growth over the last few decades and is expected to grow consistently during the forecast period.

In addition to the mature markets of North America and Europe, markets in Asia-Pacific, Latin America and the Middle East and Africa are growing rapidly in terms of market volume and quality.

Moreover, growing demand for drink cans for packaging non-alcoholic and alcoholic beverages is expected to propel sales of drink cans in the forthcoming years. Increasing expenses on food consumption in emerging markets is also anticipated to boost growth of the food & beverage industry. This is likely to create a positive impact on demand for drink cans across the globe.

Further, shifting consumer preference towards sustainable and eco-friendly packaging has led to a spike in demand for packaging solutions that can be recycled. One of the most recycled packaging format is drink cans. Recycling doesn’t degrade the quality of metal as drink cans made from aluminum/ steel are completely recyclable, which makes this process profitable to manufacturers.

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Moreover, in comparison to other conventional packaging formats, drink cans do not pose threat to the environment, as most of it gets recycled. During the process of recycling drink cans produce negligent amount of carbon footprint, adhering to the environment policies.

Factors such as recyclability, client specific customization, and increasing demand for small quantity beverage containers is anticipated to continue fueling sales of drink cans through 2031.

“Increasing emphasis on light weight and environment-friendly packaging solutions, along with the introduction of 3D printing technology for can manufacturing is expected to augment growth of the global drink cans market over the forecast period,” says an FMI analyst.

Key Takeaways:

  • By capacity type, the 201 – 450 ml segment is anticipated to account almost 30% market share by the end of forecast period.
  • In terms of product type, the 2 – piece cans segment is anticipated to expand by 2.3x over the forecast period.
  • In the end-use industry segment, the non-alcoholic beverages segment is expected to account for 61% of the total market share by 2031.
  • The U.S. is projected to account for 72.5% of the North America drink cans market in 2031.
  • China will emerge as a lucrative market, holding 42% of the drink cans market in East Asia region.
  • India is forecast to account for nearly 31% of the South Asia drink cans market by 2031.
  • Sales of drink cans in Japan are anticipated to grow at a 9.6% CAGR through 2031.

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Competitive Landscape

Novelis Inc., Ball Corp., Crown Holdings Inc., Silgan Holdings Inc. are top players operating in the drink cans market. Furthermore, SHOWA DENKO K.K., Toyo Seikan Group Holdings Ltd., CPMC Holdings Inc., and CAN Pack S.A. are also noticeable players in the drink cans market. The 3-tier players in the market hold 50-60% of the global drink cans market. Key players are expected to account for almost 30-40% of the global drink cans market share over the forecast period.

Leading players operating in the global drink cans market are investing in strategic collaborations and acquisitions to expand their product portfolios and global footprint. For instance:

  • In 2021, Novelis Inc. completed the construction of US$ 150 Mn aluminum rolling and recycling operation in Brazil. Moreover, the company acquired Aleris in 2020 to enhance the strategic position in Asia.
  • In 2020, Crown Holdings Inc. has been recognized by Berlin Packaging as “Supplier of the Year 2019”. Crown Inc. also established manufacturing plant in Nicholas, New York to support demand for specialty cans.

Global Maternity Apparels Market Is Poised To Expand At A 6.7% CAGR, Reaching A Valuation Of US$ 21.6 Bn In 2021

According to a recent report by Future Market Insights (FMI), the maternity apparels market is expected to surpass a valuation of US$ 20.4 Bn, expanding at a CAGR of 6.7% through 2031.

Sales of maternity apparels has gained momentum amid social media influence, celebrity endorsements, and introduction of new fashion trends through magazines and television.

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Clothing brands such as Zara has joined the growing list of high street and online retailers attempting to capitalize on increasing demand for maternity apparels. For instance, Zara recently launched its first maternity collection comprising 25 dedicated maternity items such as sweaters, knitted dresses, jeans and overall. These products can be styled with other clothing offered by Zara which are either bump-friendly, oversized or made from stretchy materials.

The COVID-19 pandemic resulted dampened sales of maternity apparels to an extent. Demand for maternity clothing, which typically targeted working professionals in metropolitan workplaces and/or those getting ready for a big night out – came to a halt, with lockdowns implemented around the world and pregnant women increasingly preferring loungewear in place of high street maternity fashion trends.

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Customer spending on clothing dropped by more than half in major markets such as the U.S., the U.K., and Germany. Maternity apparel platforms faced dwindling demand as pregnant women began working from home and events like weddings and celebrations were either postponed, cancelled, or held virtually. However, with resumption of trade activities and the introduction of new retail channels for maternity clothing, sales are expected to recover over the forecast period.

Besides this, increasing preference for luxury maternity apparel among millennial moms is ushering product developments in the maternity apparels market. The influx of high street maternity styles is compelling brands and specialist retailers to step-up their game and send a clear message about the value in investing in more expensive, technical maternity and nursing clothing.

“Increasing availability of trendy maternity apparel across online channels, along with soaring preference for luxury garments for professional and casual wear is expected to continue augmenting growth of the maternity apparels market through 2031,” says an FMI analyst.

Key Takeaways:

  • Sales of outerwear maternity apparel are expected to account for 76.2% of the total market share in 2021.
  • Based on material type, the cotton segment is forecast to account for 43.2% of the total maternity apparels market share in 2021.
  • In terms of price range, the below US$ 100 segment is projected to hold the highest market share in 2021, at around 60.3%.
  • Sales of maternity apparels through online channels are slated to account for 29.3% of the total maternity apparels market share in 2021.
  • The U.S. is anticipated to hold 79.2% of the North America maternity apparels market share in 2021.
  • Australia is forecast to account for over 51.7% of the Oceania market share in 2021.
  • India will emerge as an lucrative market, holding 31.7% of the South Aisa maternity apparels market share over the forecast period.
  • Japan and South Korea will account for 33.7% and 23.6% of the East Asia market share respectively.

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Competitive Landscape

Leading players operating in the maternity apparels market are Adidas AG, Brainbees Solutions Pvt. Ltd., Hanesbrands Inc., H & M Hennes & Mauritz AB, J. C. Penney Co. Inc., Nike Inc., Seraphine Ltd, The Gap Inc., Tytex AS among others.

Leading manufacturers of maternity apparels are focusing on promotional strategies, advertisements, and new product launches to expand their global footprint and improve sales. Players are also investing in strategic collaborations to gain a competitive edge in the market. For instance:

  • In Oct 2020, Maternity clothing start-up Momsoon announced its partnership with Monte Carlo to launch a maternity wear winter collection. Monte Carlo is producing maternity wear designed by Momsoon for online sale as part of the partnership.

Small Kitchen Appliances Sales Spurs In Response to Rising Demand for Eco Friendly Appliances: Future Market Insights

The global small kitchen appliances market is estimated to be valued at ~US$ 96 Bn in 2020 and expected to expand at 3.4% CAGR during the forecast period of 2020-2030.  Health and fitness awareness and usage of environment-friendly products are the latest trends observed in almost every industry, which has a direct or indirect impact on consumers and the environment. This trend is also observed in the cookware industry where consumers are increasingly demanding green or sustainable products, which will cause no harm to the surrounding environment. Due to the growing need of sustainable kitchen appliances, many new trends have emerged in the market.

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As an example, gas cooktops use less energy than electric ones, but they do release carbon monoxide, carbon dioxide, and nitrogen dioxide into the air which harms the environment. Chefs around the world prefer eco-friendly pans that will not put the health of consumers at risk. Cuisinart’s green gourmet non-stick cookware is an example of it. It consumes less energy and reduces harmful carbon emissions. Spurred by these factors the small kitchen appliances market is expected to witness a steady growth in the coming years.

Key Takeaways from the Small Kitchen Appliances Market Study

  • East Asia is expected to dominate the global small kitchen appliances market owing to large population base which are more inclined towards healthy & home cook food. Small kitchen appliances market is primarily dominated by small cooking appliances due to growing food easting habit in home which further creates demand for small cooking appliances such as cooker, deep fryer, toaster etc.
  • According to FMI, residential sectors are expected to see higher sales of small kitchen appliance as compared to commercial sector however HoReCa (hotel, restaurant, café) segment is anticipated to expand at highest CAGR during the forecast. Changing consumer lifestyle and increasing income level is expected to boost industry growth over the forecast period.
  • Modern trade (hypermarket/ supermarket) is considered as the largest sales channel in terms of value share in the global small kitchen appliances indirect sales channel. Hypermarket/Supermarket is anticipated to dominate the global market owing to high product variety of multiple vendors at competitive price range.
  • The small household appliances industry is thriving immensely through increased sales on e-Commerce platforms, owing to advantages such as ability to compare prices of products, brands, and product variety, and ability to read reviews of other consumers. The e-Commerce industry is reshaping the global retail market. Growing interest for online purchasing is driving the industry forward. The facility of product comparison of different vendors has led to higher online sales.

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Small Kitchen Appliances Sales are Gaining Traction Globally owing to High Product Awareness, and New Innovative Product Launches

Technology advancements, energy efficiency, cost, and quality of the products are major factors drive consumers’ purchasing preference. The advent of e-commerce industry and wide availability of different offline sales channel such as modern store (hypermarkets/supermarkets, specialty stores etc.) supports the industry from supply side. Growing health consciousness, increasing consumers with cooking as hobby, growing television programs and cooking recipes on YouTube and other online platforms push the consumers towards home food which is resulting as an increased demand for small kitchen appliances across the world.

“Integration of technology in kitchen appliance is not new, hence manufacturing are focusing on eco-sound materials, energy efficiency and easy recycling product materials which will have minimum impact on the environment. Compact & multi-feature appliances will be preferred in future. South Asia & Pacific could be the potential region in future for small kitchen appliances, hence manufacturers should focus on the same” says an FMI analyst.

global small kitchen appliances market share by region pr

Market to Recover As Soon As Economies Return to Normalcy Post Coronavirus

Covid-19 which originated in China has now spread all over the world. Except essential products and services, all businesses are temporarily closed. As per World Economic Forum, The US and Eurozone’s economies are expected to recover to its full swing until 2023. The small kitchen appliances market are also affected due to Covid-19 pandemic as production are temporarily suspended, physical stores are closed. Online platforms also face challenges in product delivery due to country lockdown, and low availability of stocks. However, initiatives taken by the respective country governments have checked the growth rate of people getting infected. This shows positive sign of normalcy in coming quarter for few countries such as China, India etc.

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Region Value Share (2020)
North America 12.4%
Latin America 9.2%
Europe 19.8%
South Asia & Pacific 21.4%
East Asia 33.5%
Middle East & Africa 3.7%

Who is winning?

Some of the key players operating in the Small Kitchen Appliances market are Whirlpool Corporation, Panasonic Corporation, Groupe SEB, Electrolux AB, BSH Hausgeräte GmbH, Haier Group, LG Electronics, Dongbu Daewoo Electronics, Samsung Electronics, Breville, Miele, Koninklijke Philips N.V., Conair Corporation and others.

Several leading foot care product players are launching new innovative products to expand their footprint and product portfolio. At present, manufacturers are focusing on R&D, merger & acquisition and partnership activities to come up with new technologies which can change the market landscape of Small Kitchen Appliances.

  • In Nov 2019, Caraway Home launched eco-friendly, non-toxic and non-stick materials cookware set.
  • In Sept. 2019, Philipps had launched Keurig K-Duo coffee machine in three variants.

Birth Tissue Products Market 2021: Drivers, Marketing Strategy, Company Profile, Challenge and Trends, Capacity and Price structure to forecast year 2031

According to the latest research by Future Market Insights, the birth tissue products market is ready to take its global graph on the upward direction to reach its high point.

The reason for the growth of the market is the global increase in adaptation of the tissue regeneration method for wound healing and plastic surgeries.

The increase funding in healthcare sector is also a factor for the increase in growth of the birth tissue products market in the forecast period 2021-2031

What is Driving Demand for Birth Tissue Products

The presence of FDA guidelines in regards with the tissue management procedures that maintains integrity of tissue and documentation regarding safety of tissue which enhances the quality of the tissues, this is driving the birth tissue products market growth.

The birth tissues speeds up the recovery for various patient such as wounded military persons and peoples who face difficulties in wound healing process.

The wide application of the birth tissues in the skin burns, skin cancers, ulcers and chronic wounds elevated the growth of the market.

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U.S. and Canada Birth Tissue Products Market Outlook

The North American region (US & Canada) dominates the market share of the birth tissue products in the world.

The increase in prevalence of diabetic ulcers in the region opens the route for the birth tissue products market in the region.

The Rapid development in the healthcare sector and the presence of the top key players in the area which leads to a huge investment in the R&D is another driving factor of the region

The Health awareness programs by government and the American Association of tissue bank regarding the importance of donation of birth tissues gives a better base for the growth.

The fund raising by government in the healthcare sector plays a major role in the growth of the sector.

Demand & Outlook in Europe& Asia for Birth Tissue Products Market.

The European region holds the second position in the birth tissue products market, the increase in the patients of skin cancers in the region leads to the growth of the market in the region.

The healthcare awareness programs which improves the knowledge of people regarding the healing powers of the birth tissues which helps in boosting the market in the region.

Asia pacific region is the fastest growing and developing region in the world which results in the increasing government funding in healthcare sector, research and development sector which defines the growth of the market in the region.

The increase in population in the region plays a major role in increase in demand of the birth tissue market as the number of new born babies increases every year, which significantly gives an great opportunity to set a base for the birth tissue products market in the region

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Who are the Key Manufacturers and Suppliers of Birth Tissue Products Products

According to FMI analysis are

  • Amiox medical
  • biotissue inc
  • AATB
  • U.S. Stem Cell Inc
  • Vericel Corp. (Aastrom Biosciences Inc.)
  • Organogenesis Inc. (Advanced Biohealing)
  • Cerapedics Inc
  • Mesoblast Ltd.
  • Ocata Therapeutics Inc. (Astellas Pharma Inc.)
  • Tissue Recover(Alpha Cord)
  • BTR(Birth Tissue recovery)LLC
  • Tellagen llc
  • Predictive biotech

are the key players for the birth tissue products market.

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.

Birth Tissue Products Market Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

NOTE – All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.

Key Segments

By Type of Tissue:

  • Placenta
  • Umbilical cord
  • Amniotic Fluid

By Application:

  • Cardiovascular disorders
  • Oncology
  • Dermatology
  • Musculoskeletal
  • Wound healing
  • Ophthalmology

By End User:

  • Research Laboratories
  • Academic Institutes
  • Pharma and Biotech Companies
  • Hospitals and Diagnostic centers
  • Others

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By Region:

  • Oceania
  • South Asia
  • East Asia
  • Europe
  • Latin America
  • North America
  • Middle East and Africa

Global Potassium Carbonate Market Is Projected To Total US$ 1.9 Bn In 2021

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.

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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.

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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.

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.

CRISPR Genomic Cure Market Covid-19 Impact Analysis, Opportunities, Threats, Drivers, Restraints, Trends, Applications, And Growth Forecast To 2031

According to the latest research by Future Market Insights, the CRISPR Genomic Cure market will undergo a steady growth during 2021-2031.

A gradual increase due to constant research studies being conducted and new verticals of disease treatment being opening can be seen over the mentioned forecast period.

The increasing innovations and advancements in genetic engineering will further boost the market

What is Driving Demand for CRISPR Genomic Cure market

The gene-editing tool which was discovered only about 7 years ago, has shown potential to be used in treating wide-range of diseases like cancer, HIV as well as haematological ailments.

n a news article namely,” Quest to use CRISPR against disease gains ground” published in Nature , a 2016 research done in China where CRISPR was used to disable a specific gene which has the ability to shield cancerous cells from the immune system.

Another potential application of this tool is in treating HIV AIDS. The HIV virus sits in the DNA of the immune cells, so, by using CRISPR we can attack it in its inactive form and kill it in its dormant sate.

This will possibly assist in curing the disease. CRISPR’s potential application in gene-editing and opening avenues for curing otherwise incurable diseases is what will make this market achieve a drastic boost by increasing its demand.

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CRISPR and COVID19

While many screening tests are in existence which allow rapid detection of COVID19, recent developments in genetic research shows a possible use of gene-editing in fight the virus.

Study done at Stanford University have developed a technique to destroy the base genetic material of the COVID19 virus, thus preventing from affecting the human lungs.

Results of this study came back very promising, reducing 90% of viral load in the human cells.

Looking at the current scenario, this virus is mutating continuously and making it difficult to find a definite cure.

Therefore, CRISPR technology seems to be taking its steps in the right direction and giving the CRIPSR Genomic Cure market a bright future.

U.S. and Canada CRISPR Genomic Cure market –

US leading the CRISPR Genomic Cure market can be attributed to continuous encouragement for the researchers in doing gene-related research, cancer and rare disease research in the form of strong financial support.

For instance, Leber congenital amaurosis is the most common type of blindness in children which has no treatment as of now.

But, a leading brand in genetic technologies, Editas Medicine Inc., is working on a CRISPR therapy where the respective cells will be edited on a genetic level to restore their function before a child loses the sight completely.Europe CRISPR Genomic Cure market –

Sickle Cell Disease, which is a genetic disease has one of the most common prevalence in Europe and it has affected over 52,000 people, says the data published by Global Blood Therapeutics Inc.

in October 2020. Gene responsible for haemoglobin production which is present in the stem cell of bone marrow get mutated.  Pertaining to this researchers are exploring new verticals to improve these numbers.

Take the example of Institute Imagine located in Paris. Scientists there have been successful in extracting and treating the faulty genes from the stem cells and insert them inside the human body again which alleviates the symptoms.

This is a breakthrough in curing the diseases by the means of genomics which will provide the necessary boost to the market.

Who are the key Manufacturing and Supplying Companies in CRISPR Genomic Cure Market

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Key players:

  • Intellia Therapeutics, Inc.
  • Caribou Biosciences, Inc.
  • CRISPR Therapeutics
  • Editas Medicine, Inc.
  • Casebia Therapeutics
  • ERS Genomics
  • Toolgen Inc.
  • Thermo Fisher Scientific, Inc
  • Merck KGaA
  • Cellectis
  • eGenesis
  • F.Hoffmann-La Roche Ltd.
  • Horizon Discovery Group plc
  • GenScript
  • Danaher Corporation
  • AstraZeneca plc.
  • Addgene
  • Lonza
  • Takara Bio Inc.
  • Synthego
  • Mammoth Biosciences
  • Inscripta, Inc.
  • Beam Therapeutics
  • Vertex Pharmaceuticals Incorporated
  • Hera BioLabs
  • OriGene Technologies, Inc.
  • Recombinetics, Inc.
  • Middle East & Africa

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 an 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.

CRISPR Genomic Cure Market Report Highlights:

  • Detailed overview of the parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

NOTE – All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company

Key Segments

By Product Type:

  • Kits
  • Libraries
  • Reagents
  • Vector design
  • Assay Design

By Application:

  • Cancer Research and Development
  • Alteration of DNA
  • Genomic Engineering

By End User:

  • Pharmaceutical Companies
  • Academics & Government Research Institutes
  • Contract Research Organizations (CROs)
  • Genetic Research Laboratories

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By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

Lithium Mining Market Is Expected To Top US$ 3.3. Bn By 2031

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.

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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.

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.

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“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.

Fluid Transfer Solutions Market 2021 Future Trends, Segmentation, Strategies to Boost Growth, Applications with Covid-19 Impact till 2031

According to the latest research by Future Market Insights, the Fluid transfer solutions market is set to witness a growth of 5% and 7% during 2021-2031.

Fluid transfer process is considered one of the critical steps in manufacturing processes and takes place routinely in the field of medical, biopharmaceutical or cell therapy industries.

As it involves careful transfer of fluids under sterile conditions, different types of fluid transfer can be achieved on the basis on intended applications and the industry where it is used. Demand for Fluid transfer solutions is expected to witness an optimistic growth outlook in the long run.

What is Driving the Demand for Fluid Transfer Solutions Market

Continuous research activities for the development of newer treatments, growth in pharmaceutical industry producing new vaccines and cell and gene therapy processing industries can be seen using the aseptic transfer of materials in their processes, from small scale to large scale, thus driving the demand for fluid transfer solutions market.

Aseptic transfer of cell and fluid material requires different equipment or devices depending on various product and processes, and as per the industry.

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On the basis of this, there are single-use or disposable fluid transfer products and customized fluid transfer products offered by different companies, made of different material such as poly vinyl chloride (PVC) or silicone or stainless steel.

Application of Fluid transfer solutions varies as per the industry such as in medical industry- Poly Vinyl Chloride (PVC) are used for tubing purpose such as in blood bags, IV and fluid transfer sets, dialysis bags and IV containers. While in biopharmaceutical industry, applications includes single use systems, peristaltic pumps, upstream and downstream and fill and finish processes.

Benefits from single use fluid transfer systems can be seen in terms of facility design, validation and investment along with reduced risk of cross contamination, faster turn-around time and improved process connectivity.

The single use systems are thus considered to be driving the market for fluid transfer solutions in the forecast period.

Which Factors are likely to Augment the Growth of the Fluid Transfer Solutions Market

The wide range of fluid transfer products from simple tubing to complex mixing solutions available in the market is expected to augment the growth of fluid transfer solutions market during the forecast period.

This includes single use systems (for sampling, small volume transfer tubes), custom sampling solutions, various filtration and transferring assemblies, multibag mixing systems and bottle manifolds.

Continuous focus on development of innovative approaches to handle fluid solutions, increased level of automation and commercialization of new technologies are being undertaken by many companies serving this field.

This will lead to the growth of the market in the forecast period.

North America Fluid Transfer Solutions Market Outlook

North America market growth is largely driven by advanced healthcare infrastructure and growing healthcare driven research and development.

As per the recent report by National Institutes of Health (NIH), the NIH invests nearly $41 Bn in the field of medical research annually, more than 80% of which is funded to the research institutions and medical schools, while the rest support independent projects in USA.

Investment pertaining to clinical researches in medical industry by many private and government organization have been increased in recent times.

Thereby growing the demand for aseptic transfer of materials and drugs under sterile conditions, which is likely to boost the fluid transfer solutions market in this region during the forecast period.

Europe Demand Outlook for Fluid Transfer Solutions

Europe is anticipated to be the second largest market for fluid transfer solutions.

Growing research and development activities to develop better treatment, new and improved vaccines, leading to innovative aseptic fluid handling approaches and products and the presence of key market players, in the European region will facilitate the growth of the market in the forecasted period.

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Who are the key Manufacturers and Suppliers of the Fluid Transfer Solutions

Some of the key players of Fluid transfer solutions include

  • Thermo Fisher Scientific
  • Charter Medical
  • Watson Marlow Fluid Technology Group,
  • Avantor Inc
  • DuPont
  • Saint-Gobain Performance Plastics
  • Cellon
  • Pall Corporation
  • Sartorius AG
  • Getinge AB
  • Central Research Laboratories
  • Beckman Coulter Inc and others.

Companies offering Fluid transfer solutions are involved in existing product upgrades, new product launches, mergers and collaborations to enhance their market position.

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.

Fluid Transfer Solutions Market Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

NOTE – All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company

Key Segments

By Applications:

  • Standard/ Single Use fluid transfer systems
  • Customized/ Multiple use fluid transfer systems

By End User:

  • Medical industry
  • Biopharmaceutical industry
  • Cell and Gene therapy industry

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By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East and Africa

Electric Motor Market Study: An Emerging Hint of Opportunity by 2031

Global sales of electric motors are set to be valued at over US$ 104 Bn in 2021, with a stable long-term projection, according to latest insights by Future Market Insights (FMI). A new report estimates the market to expand at over 5.1% CAGR from 2021 to 2031.

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According to Future Market Insights (FMI), increasing automation and robotics in industrial production sector have fuelled the demand for electric motors. The market also is gaining from rapid technological advancement and advent of industrial 4.0.

The electric motors market however registered moderate decline in its sales volume in FY2020 due to the unforeseen COVID-19 pandemic. Demand from major end-use industries like automotive, oil & gas, and other waned. Contrary to this, sections of medical sector were not affected due to increase in demand amid the adoption of COVID-19 precautionary measures.

Demand for alternating current (AC) electric motors has been steadily increasing. This can be attributed to operating advantage linked with it, its prime advantage is its speed torque characteristics which has raised the application for electric motors in various end uses, owing to which the AC electric motors has secured a prominent share in the global Electric motors market.

The growing requirement for pumping application from agriculture, water treatment plants, oil & gas sector and other industries is expected to drive the electric motors market in the forecast period.

Increasing number of players are focusing on research and development related to electric motors, which is anticipated to contribute towards market growth in the years to come.

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Key Takeaways from Electric Motors Market Study
  • <1HP. Power output electric motors are projected to hold over 80% volume share of the global market in 2021, owing to robust demand for various applications.
  • The AC Electric motors are set to hold over 71.6% of the market share on value basis by the end of forecast period.
  • East Asia will remain a primary market, backed by rising demand from the automotive & residential sector. It is expected to account for over 22.7% of the demand registered in globally in 2021.
  • Electric motors for robotics application set to surge at CAGR of approximately 5.9% over the coming decade.
  • The U.K. is emerging as a key market in Europe, with a valuation of over US$ 5.4 Bn in 2021, and anticipated to grow with 5.4% CAGR in the forecast period.

“The electric Motors market is anticipated to grow at a strong pace driven largely by increasing demand for innovative and energy-efficient products across industries. Raising automation and digitalization in various end-use sectors are key factors fuelling the demand for electric motors. Industry participants are investing in expansions, strategic alliances, and cost effective solutions to gain a competitive advantage,” says a Future Market Insights analyst.

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Who is winning?

The electric motors market is highly competitive with more than 1,000+ players consisting of tier-1, tier-2 and local based vendors across the region, key players accounting for around 20-30% of the market share. These players are likely to invest in new technology developments and expansion of their distribution networks in order to maintain their market presence.

Some of the key players in this industry include but are not limited to General Electric, Robert Bosch GmbH, Hitachi, Ltd., Nidec Corporation, WEG S.A., Siemens AG, ABB Group, Regal Beloit Corporation, Toshiba Corporation, Johnson Electric, Hyosung Corporation, Schneider Electric SE, Bonfiglioli Riduttori S.p.A., Kirloskar Electric Company Ltd., Allied Motion Technologies Inc., East West Manufacturing, LLC, Hyundai Electric Co. Ltd.

Demand for Articulated Robots to Surge in Line with Increasing Applications in Electronics Industry, Finds FMI Study

A new market research report by Future Market Insights on the industrial robotics market includes global industry analysis 2014–2018 and opportunity assessment 2019–2029. The report investigates the industrial robotics market and provides critical insights for the forecast period of 2019-2029.

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As per the findings of the report, the global industrial robotics market is projected to indicate substantial growth over the forecast period due to multiple driving factors such as adoption of Internet of Things (IoT) in industries and growing digitalization of manufacturing industry across geographies.

The global industrial robotics market was valued at ~US$ 17 Bn in 2018 and is estimated to increase at a CAGR of ~18% between the forecast periods of 2019 and 2029. This growth is driven by the increasing applications of industrial robotics in the automotive industry, electrical/electronics industry, and auxiliary industry, among others.

industrial robotics market pr

East Asia is estimated to hold significant market share in terms of value in the global industrial robotics market. However, the South Asia market is projected to project lucrative growth in the global industrial robotics market over the forecast period of 2019-2029. This growth is propelled by the rapid growth in the factory automation rate in countries of South Asia and East Asia such as China, India, and Vietnam, among others. The economic condition of these countries have been evolving positively.

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Furthermore, macroeconomic factors such as growing population, rapid industrialization, and urbanization, are some of the factors driving the growth of the industrial robotics market. The automotive industry in East Asia has gained a considerably positive momentum over the past years, which has increased the adoption SCARA robots and articulated robots in the manufacturing process and is estimated to indicate the rewarding growth of industrial robotics market in the East Asia region.

Automotive Industry to Remain Key End-use Industry of Industrial Robotics

The global market of industrial robotics has been segmented on the basis of different types of industrial robots, their multiple applications, end use industries, and regions such as North America, South Asia, Europe, East Asia, and the Rest of the World.

By product type, the articulated robots segment is estimated to hold a significant share of the global industrial robotics market in terms of value. This has mainly resulted from the rising productivity in manufacturing processes and improving quality of products. On the basis of end use, the automotive industry is estimated to hold substantial market share of the industrial robotics market in terms of value. This is driven by digitalization of manufacturing processes. Moreover, it is expected that the application of industrial robotics in the electrical/electronics industry will be prominent throughout the forecast period.

On the basis of application, the handling operations segment is projected to consume majority share of the global industrial robotics market value. Also, the welding segment is estimated to project lucrative growth in the industrial robotics market over the forecast period.

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Industrial Robotics Market: Vendor Insights

The report indicates some of the prominent market players, who are recognized as leaders in the global industrial robotics market. These key market players in the global industrial robotics market are Yaskawa Electric Corporation, FANUC Corporation, Kawasaki Heavy Industries Ltd, Kuka AG, Mitsubishi Electric, Teradyne Inc. (Universal Robots), ABB Ltd., Yamaha Motor Co., Ltd., Hirata, Corporation, and Denso Wave Incorporated, among others.

The global industrial robotics market is significantly consolidated with some players holding prominent shares of the market.

For additional insights on the industrial robotics landscape, write to the analyst at press@futuremarketinsights.com