Market Research Blog – Page 15497 – New Product Development

Recycled Scrap Metal Market is projected to expand at a CAGR of 5.4% over the forecast period between 2021 and 2031

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

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

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

Request Sample Copy of Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-14112

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

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

Key Takeaways:

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

Request a Complete TOC of this Report with figures: https://www.futuremarketinsights.com/toc/rep-gb-14112

Competitive Landscape

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

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

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

Increasing Iron and Steel Production Boosting Recycled Scrap Metal Sales

Rapid expansion of the construction sector, automotive production, industrial machinery, tools and equipment sector, and ship building is spurring the demand for iron and steel. Investment towards infrastructure, especially in developing nations is also boosting demand for iron and steel in civil construction. This is resulting in increasing sales of recycled scrap metals, and the trend is expected to continue over the forecast period.

Significant growth in the construction and infrastructure sector in China in the past few years has boosted the consumption of iron and steel, resulting in high demand for scrap metals for the production. As scrap metal utilization helps in reducing carbon emission and waste generation, key players are preferring scrap metals to produce iron and steel. This reduces overall production cost and helps companies in achieving their sustainability goals.

China also has significantly increased its steel production in the last decade, which has boosted the demand for recycled scrap metals. Overall increase in iron and steel production is anticipated to propel the consumption rate of scrap metals in the coming years.

Feel free to ask your queries at https://www.futuremarketinsights.com/ask-question/rep-gb-14112

More Insights into the Recycled Scrap Metals Market Report

In its latest report, FMI offers an unbiased analysis of the global recycled scrap metal market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of metal type (ferrous and non-ferrous), source (production scrap and post-consumer scrap) and end-use (transportation, building & construction, consumer electronics, packaging, equipment & tools, art, décor and home furnishing and jewelry) across seven regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa).

Dog Gates, Doors & Pens Market is expected to register 6.6% CAGR between 2021 and 2031

ESOMAR-certified consulting firm Future Market Insights’ report on global dog gates, doors, & pens market projects a staggering growth, topping a valuation of approximately US$ 8.9 Bn over the forecast period of 2021 and 2031.

Growing adoption of dogs across the globe and technological innovation in the products are the major factors propelling growth. Increasing pet humanization among millennials, especially across India, Brazil, and Australia, are increasing the consciousness regarding the pet welfare.

On the back of the aforementioned factor, demand for dog gates, doors, & pens will surge at over 6.6% CAGR during the forecast period. With increasing social media penetration, millennials are increasingly becoming aware regarding their responsibilities towards animals.

Increasing initiatives undertaken by animal rights activists and growing adoption of shelter animals have encouraged the millennials to adopt dogs as pets. Thereby, increasing the sales of dog doors and pens.

As per the FMI’s analysis, due to the onset of the novel COVID-19, the global dog gates, doors, & pens sales grew moderately as manufacturing activities were disrupted. However, adoption of pets surged, especially across India and Brazil, which boosted the demand for dog pens.

Download FREE Sample Copy of Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-12017

Key Takeaways from FMI’s Dog Gates, Doors, & Pens Market Study

In terms of sales channel, online retail stores are expected to dominate the segment over the forecast period
Modern trade sales channel segment will hold the largest share in the market during the forecast period
Based on type, demand for electronic dog gates, doors, and pens will surge at 9.6% CAGR through 2021 & beyond
In terms of product, dog pens segment is expected to hold more than half of market share.
India and Australia are expected to emerge as the most lucrative market across South Asia and Oceania
Germany is anticipated to hold the largest market share across Europe, accounting for nearly one-fourth of sales.

“Integration of cutting-edge technologies such as automation and artificial intelligence is fuelling the demand for smart doors. Also, growing concerns for sustainability and safety among pet owners has encouraged market players to introduce smart and energy-efficient dog doors and make them available through online retailers. This is expected to create incremental growth opportunities for the market,” says the FMI analyst.

Request a Complete TOC of this Report with figures: https://www.futuremarketinsights.com/toc/rep-gb-12017

Who is Winning?

Some of the key players operating in the dog gates, doors, & pens market Richell Inc., Midwest Pet Products Inc., Ware Pet Products, FurHaven Pet Products, Endura Flap, Ideal Pet Products, Plexidor, Petsfit Inc., High Tech Pet Products Inc., Hale Pet Door, Takara Industry Co. Ltd., Gun Dog House Door Inc., Carlson Products, ZampaPet, and IRIS USA Inc. among others.

As per the FMI’s analysis, leading players in the market are focusing on product development, and sustainability to introduce new smart products such as smart pet doors integrated with cutting-edge technologies to expand their global footprints.

Also, the market players are adopting expansion strategies such as mergers and collaboration with local and online distributors to cater the surging need amidst the global pandemic. Industry giants are relying on digital marketing and social media platforms to reach global audience and improve their brand awareness.

Get More Insights on Global Dog Gates, Doors, & Pens Market

In its latest report, FMI provides an incisive coverage on the global dog gates, doors, & pens market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of product (gates, doors, and pens), size (small-sized dogs, medium-sized dogs, large-sized dogs), type (electronic, and non-electronic), sales channel (modern trade, convenience stores, care service centers, car service centers, pet specialty stores, online retail stores, and other sales channel) across seven major regions

Ask Us Your Questions About This Report: https://www.futuremarketinsights.com/ask-question/rep-gb-12017

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.

Contact:
Corporate Headquarter
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
Website: https://www.futuremarketinsights.com

Caps and Closures Market is projected to grow at a 5.6% CAGR through 2031, Exclusive Report By Future Market Insights

As per a recent market analysis by Future Market Insights (FMI), the global caps and closures market is anticipated to reach US$ 81.6 Bn in 2021. With a favorable demand outlook from the food & beverage and pharmaceutical industries, the market is projected to grow at a 5.6% CAGR through 2031.

Caps and closures made from plastic and metal are widely adopted in the packaging industry for closing and sealing a wide range of packaging formats such as bottles, jars, containers, and cartons. Attractive shelf-appeal, user friendly design and easy accessibility are key factors boosting sales of caps and closures.

FMI forecasts sales of caps and closures to gain traction on the back of their predominant use in both industrial and non-industrial sectors. Owing to surging demand, manufacturers operating in the global caps and closures market are offering innovative designs such as child resistant caps to gain a competitive edge in the market.

Growing preference towards lightweight and convenient packaging solutions is further anticipated to provide tailwinds to caps and closures sales. Improvements in formats such as screw closures and tethered caps will continue fostering sales of the same over the forecast period.

Request Sample Copy of Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-13955

Besides this, consistent development of pharmaceutical products and personal care products is propelling demand for caps and closures. Catering to high demand, manufacturers are investing in strategic collaborations, mergers, and acquisitions to expand their production facilities and product portfolios.

As per FMI’s in-depth regional analysis, the U.S. is anticipated to dominate the North American caps and closures market. Growth can be attributed to the presence of key market players, coupled with increasing per capita expenditure on food & beverages and pharmaceuticals in the country.

“Customized solutions aligned with end-use requirements offered by market players, along with intensive research and development to launch sustainable packaging solutions will continue augmenting the global caps and closures market growth through 2031,” says the FMI analyst.

Key Takeaways:

By product type, the screw closures segment is projected to hold 51% of the total caps and closures sales.
In terms of material type, plastic will emerge as the most-preferred material, growing at a 5.7% CAGR.
By end-use, the food & beverage segment is estimated to remain the major revenue contributor in the global caps and closures market. The segment is projected to offer an incremental opportunity of US$ 35.2 Bn during the assessment period.
The U.S. will continue witnessing high demand for caps and closures, with sales increasing at a 3.5% CAGR through 2031.
Germany will lead the European caps and closures market, holding 16% of the total sales in Europe.
India will emerge as an attractive market, accounting for nearly 23% of the APAC caps and closures market.
The Japanese caps and closures market is projected to grow at a 6.8% CAGR.

Request a Complete TOC of this Report with figures: https://www.futuremarketinsights.com/toc/rep-gb-13955

Competitive Landscape

Crown Holdings Inc, BERICAP Holding GmbH, Guala Closures S.p.A, Closure Systems International, Inc are the top players operating in the caps and closures market. Furthermore, Amcor Plc, Silgan Plastic Closure Solutions, Aptar Group, UNITED CAPS, Nippon Closures Co., Ltd. are also the noticeable players in the caps and closures market. The Tier 3 players in the market hold 85-95% in the global caps and closures market. In conclusion, key players contribute almost 05-15% of the global market. For instance in 2021, Berry Global Inc. one of the leading packaging and caps and closure manufacturer has introduced lightweight plastic caps through the reduction in overall plastic usage.

More Insights into the Global Caps and Closures Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global caps and closures market, analyzing historical demand from 2015-2020 and forecast statistics for 2021-2031. The study reveals growth projections on the caps and closures market on the basis of product (screw closures, snap closures, push-pull closures, tethered caps and others), production process (injection molding, compression molding and others (blow molding, and more), material (plastic, metal, aluminium and others) and end use (food & beverage, consumer goods, personal and homecare, pharmaceuticals and others) across five regions.

Get Customization in the Report, Enquire Now @ https://www.futuremarketinsights.com/customization-available/rep-gb-13955

About Future Market Insights (FMI)

Oral Care Market is expected to rise a register growth at a CAGR 5.6% during the forecast period 2021-2031

Personal care and hygiene has taken vital importance in the lives of consumers. Proper oral appearance has become important attribute to gain hygienic lifestyle. Future Market Insights (FMI) identifies this as a key trend enabling growth in the oral care market. According to a report by FMI, the oral care market is expected to rise a register growth at a CAGR 5.6% during the forecast period 2021-2031.

The increase in number of cases in dental caries, periodontal diseases, and others has boosted the demand of oral care products. The rising awareness of oral hygiene, government expenditure on dental healthcare, and increasing number of small/private of clinic. are some of the factors accelerating the growth of the oral care market.

Convenience and comfort are the two pillars supporting rising demand for oral care products. Organic and herbal toothpaste are highly preferred due to their benefits quotient. No added flavours, no chemical used, and easy cleaning have augmented the sales of oral care product in recent times.

Get a Free Sample Copy of the Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-13042

Key Takeaways from Oral Care Market Study

Global sales of oral care are expected to top US$ 96.1 Bn in 2031
Rising expenditure on health and wellness will enable the U.S. account for over 88% of sales in North America
The U.K. will register 2.4% y-o-y growth in 2021, after a year of unimpressive growth in 2020
The market in Germany is set to witness a CAGR of more than 6% through 2031
Sales of oral care across Japan are slated to expand considerably from 2021 to 2031.

“Standards of oral care and beauty amongst men and women and inclination has greatly evolved. As a result the market players are focusing on introducing advanced products or expanding the presence of their brand across geographies, enabling growth in the oral care market.” says the FMI analyst

Increasing Sales of Electric Toothbrush

The oral care market is categorised into toothbrush, toothpaste, mouthwash, dental floss, denture care, and others in terms of product. The toothbrush segment of oral care market further segmented into two parts which includes manual toothbrush and electric toothbrush.

The toothbrush segment is expected to register the significant growth during the forecast period 2021-2031 with a CAGR of 5.9% due the growing prevalence of electric toothbrush and its technological innovations along with the growing awareness about the oral health and hygiene amongst the population.

Request a Complete TOC of this Report with figures: https://www.futuremarketinsights.com/toc/rep-gb-13042

Impact of COVID-19 & 2020 Market Analysis

The current pandemic outbreak has imposed numerous challenges on the part of supply side and demand side. The temporary regulation imposed by regional governments to restrict the movement has impacted supply chains drastically. Besides this, the specular shift from discretionary spending to essential goods has further negatively impacted the market growth. Besides this, the change in consumer buying habits has encouraged a shift from store based retailing to online retailing facilitating a wider market reach. However, the market is currently entering into reviving phase across different regions, which is further an indicator that points out towards new opportunities amid economic slowdown.

Who is winning?

Future Market Insight (FMI)’s report offers insights into the competitive situation in the oral care market. Some key players in the global oral care market includes Colgate-Palmolive Company, Procter & Gamble Co., Unilever Group, Koninklijke Philips N.V., Johnson & Johnson Limited, GlaxoSmithKline PLC, Amway, Dabur, Splat Global UK Ltd., Kewalraj & Co., Dentaid, Brush with Bamboo,Condor, The Gillette Company, Yangzhou Shuguang Toothbrush Factory, Natusana, Drogasil S.A., G.Barbosa, Royal Brushes Private Limited, and Alsha Hotel Supplies Pvt. Ltd. and others.

The players are aggressively investing to encourage and promote product development with an aim to gain a competitive advantage. They are entering into strategic alliances with others to build and strengthen in house resources and expertise. Colgate-Palmolive Company, Procter & Gamble Co., Unilever Group, Johnson & Johnson Limited, GlaxoSmithKline PLC are amongst the leading brands operating in the market.

Feel free to ask your queries at https://www.futuremarketinsights.com/ask-question/rep-gb-13042

Get Valuable Insights into Oral Care Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global oral care market, presenting historical demand data (2016-2031) and forecast statistics for the period from 2021-2031. The oral care market study uncovers convincing bits of knowledge based on product type (toothbrush, toothpaste, mouthwash, dental floss, denture care, and others), age group (kids, adults and geriatric), price range {high (us$ 100 – 250), medium (us$ 20 – 100), low (below us$ 20)}, and sales channel (hypermarkets/supermarkets, specialty stores, drug stores & pharmacies, convenience stores, online retailers, other sales channel across each of the seven regional areas.

2-Methylfuran Market Impacted by COVID-19, Market to Remain Dormant in Near Term, Projects FMI 2016-2026

The global pharmaceuticals market is expected to increase at a CAGR of over 4-5% during forecast period. 2-Methylfuran is expected to gain traction in the near future as it is primarily used in pharmaceuticals industry. It is a light yellowish green volatile organic compound with an ethereal odor and is also known as sylvan. 2-Methylfuran changes its shading to black or yellow when exposed to sunlight. It is highly flammable and hence is stored in a ventilated, cool dry place far from heat & fire.

2-Methylfuran is widely used in manufacturing of drugs like atropine, sodium acetate, furadantine, anisodamine and thiamine furan. In pharmaceuticals industry, synthesis of vitamin B1 is done using 2-Methylfuran. It is less dense than water but its vapors are heavier when contrastedwith air. 2-Methylfuran also finds application as a tool for screening of lung cancer and production of anti-malarial drug like chloroquine. It is also used to produce methyl furfural, aliphatic compounds and sulfur and nitrogen heterocycles. Moreover, 2-Methylfuran is also used for making pesticides, flavors or fragrances and has narcotic effect. Hence, the global 2-Methylfuran market is expected to grow at a moderate CAGR during the forecast period.

Get a Sample Copy of Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-1832

Global 2-Methylfuran Market: Region wise Outlook

North America is expected to be the most dominant region in global 2-Methylfuran market. Asia Pacific is anticipated to be the most promising revenue generating region for 2-Methylfuran and is expected to grow at significant rate. Due to availability of labor and low cost of raw material, China is projected to be one of the highest revenue generating country in Asia Pacific region in 2-Methylfuran market. Middle East & Africa and Latin America are also expected to show positive growth in the near future.

Global 2-Methylfuran Market: Key Players

Some of the major key players identified in the global 2-Methylfuran market are as follows:

Capot Chemical Co. Ltd.
Angene Chemical
A&J Pharmtech Co. Ltd.
Sigma-Aldrich
Finetech Industry Ltd.
ChemExper Inc.
MP Biomedicals, LLC.
Amadis Chemical Co. Ltd.
AN PharmaTech Co. Ltd.
Tractus Company Ltd.
Haihang Industry Co. Ltd.

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.

Request Report Methodology: https://www.futuremarketinsights.com/askus/rep-gb-1832

2 Methylfuran Market Segmentation

The global 2-Methylfuran market can be segmented on the basis of applications and regions

On the basis of applications, the global 2-Methylfuran market is segmented into

pharmaceuticals
agricultural
chemical industry

On the basis of regions, the global 2-Methylfuran market can be segmented into

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

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.

Ask Us Your Questions About This Report: https://www.futuremarketinsights.com/ask-question/rep-gb-1832

About Future Market Insights (FMI)

Global Foldable Phone Market Size Is Projected To Surpass US$ 6.8 Bn In 2021

Recent technological advancements in speed and accessibility of mobile internet is encouraging individuals to shift from personal computers and laptops to foldable phone to perform various professional or personal tasks. Considering this, Future Market Insights (FMI) has forecast the market to register a year-on-year growth rate of 20.3% in 2021.

Get | Download Sample Copy with Graphs & List of Figures:
https://www.futuremarketinsights.com/reports/sample/rep-gb-11962

The global foldable phone market size is projected to surpass US$ 6.8 Bn in 2021. Between 2021 and 2031, the market is expected to exhibit CAGR of 25.2%. In addition to this, sales of 16 GB RAM capacity phones are set grow at a CAGR of 34.2% over the assessment period.

Foldable phones combine the portability of a smart phone with a large screen of tablets, which is expected to attract a huge customer base over the forecast period. Leading players in the market such as Huawei and Samsung have been at the fore of foldable phone technology and they are expected to continue releasing newer products in the market.

FMI has forecast the foldable phone market to rise at 25.2% CAGR between 2021 and 2031, in comparison to the 10.2% CAGR registered during 2016-2020.

Rapidly increasing demand for modern consumer electronics, along with high adoption of mobile devices in the entertainment and gaming sector are anticipated to bolster sales of foldable phones in the forthcoming years.

For More Information or Query or Customization Before Buying, Visit:
https://www.futuremarketinsights.com/customization-available/rep-gb-11962

One of the chief drivers of the foldable phone market is advancements in the OLED display technology. Samsung, for example, uses OLED displays in mobile devices with foldable displays. Samsung’s first foldable phone features two screens: a large 7.3″ 1532×2152 (361 PPI) foldable AMOLED that folds inside and a smaller 4.5″ 840×1960 AMOLED that is used when the phone is closed. The company branded the display as the Samsung Infinity Flex Display.

The unprecedented COVID-19 outbreak has affected the global economy adversely, with manufacturing plants being hit hard. The global and regional supply chain, as well as imports and exports were suspended due to implementation of stringent restrictions. This affected operations in the overall smartphones industry.

Request a Complete TOC of this Report with figures:
https://www.futuremarketinsights.com/toc/rep-gb-11962

However, the foldable phone sector is expected to witness significant growth over the assessment period. Owing to lockdown restrictions and remote work culture, consumers are increasingly spending on upgrading their personal and professional devices, thereby resulting in increasing smartphone and laptop sales. This trend is projected to positively shape the demand outlook of foldable phones.

Besides this, COVID-19 has accelerated sales of numerous products through e-commerce. Social distancing has led to an increase in online shopping and has led to the introduction of new models such as click and collect, and third-party delivery. As a result, sales of foldable phones through online retail channels are projected to increase at a steady pace through 2031.

Synthetic Leather Market Is Set to Experience Revolutionary Growth by 2031

Future Market Insights (FMI) has forecast the global synthetic leather market to register year-on-year growth of 4.50% in 2021. Sales of synthetic leather are expected to reach US$ 34.1 Bn, surpassing 40,119 KT by the same year.

Get Sample of the Report : https://www.futuremarketinsights.com/reports/sample/rep-gb-4886

Synthetic leathers are versatile in terms of application and are used in manufacturing of footwear, furnishings, garments, and luxury items. Increasing demand for synthetic leather can be attributed to mounting concerns regarding the environmental impact of natural leather and changing consumer preference towards animal free and vegan products.

Stringent animal cruelty regulation, growing awareness regarding various attributes of synthetic leather, and increasing price of natural leathers are key factors driving the market throughout the assessment period.

Superior physical and functional properties of synthetic leather over traditional leather and increasing research and development undertaken to discover cost effective alternatives to natural leather will play a key role in boosting the demand for synthetic leather, says FMI.

Automotive industry is gradually transitioning from natural leather to lightweight synthetic leather interiors. Due to increasing demand for lightweight automobiles, sales of synthetic leather are expected to growth significantly over the forecast period.

Lightweight vehicles consume less fuel and offer more mileage, thus contribute in reducing carbon dioxide emission. Research and development has identified a direct correlation between fuel economy and vehicle weight.

Ask For Regional Data : https://www.futuremarketinsights.com/ask-regional/rep-gb-4886

This has compelled automotive manufacturers towards reducing curb weight of the automobile and pushed them to adopt lightweight synthetic leather for manufacturing of vehicle seat, doors, dashboard, and steering covers.

Thus top original equipment manufacturers are adopting lighter materials in vehicles, spurring the demand for synthetic leather in automotive industry.

Key Takeaways from FMI’s Synthetic Leather Market Study

Increasing demand for vegan and bio-based synthetic leather for bags and sportswear manufacturing along with increasing sales of mobile and laptop protective covers in U.S. will assist the North America synthetic leather market to grow at 3.70% CAGR through 2031.
Synthetic leather sales in Europe is forecast to increase at 3.60% CAGR during the assessment period, backed by booming fashion and automotive industries in Western Europe region and growing awareness regarding negative impact of leather tanning on environment among the population.
India will offer significant growth opportunities in synthetic leather market due to increasing sales of designer footwear and stringent government regulations towards processing of natural leather.
Argentina is forecast to lead the synthetic leather market in Latin America owing to high demand for calfskin leather alternatives, increasing export of leather products, and strong economic growth in the country.
Japan will hold around 11% of the global market share in 2021. Sales uptick can be attributed to increasing production and export of synthetic leather from the country.

“Gradual recovery of global economy post pandemic, rising awareness regarding animal cruelty, and focus on reducing the carbon footprint in fashion industry will fuel the demand for synthetic leather during the forecast period,” says the FMI analyst.

Purchase the Report : https://www.futuremarketinsights.com/checkout/4886

Competitive Landscape

According to FMI, the global synthetic leather market is fairly consolidated, in which leading players account for two fifth of the market value share as of 2021. Emergence of new start-ups and regional players is expected to make market highly competitive in upcoming years.

Top market players are adopting organic growth strategies such as the introduction of new and advanced materials to strengthen their position in this evolving market. For instance, in September 2020, Gordini launched “Clutch™ Synthetic Leather” which is an excellent alternative to natural leather and is claimed to outperform traditional leather.

Natural Fiber Welding Inc. introduced its first 100% plant based leather called “Mirum” in Bio-Based Summit 2021. This synthetic leather is made from recycled cotton, hemp, natural rubber, cork and vegetable oil. This leads to reducing carbon impact by 40% and 17X less carbon emission than plastic based synthetic leather.

Manufacturers are forming strategic partnerships and collaboration to gain market advantage and survive in this highly competitive market. For instance, in 2021, Natural Fiber Welding Inc. (NFW) joined hands with San Francisco-based footwear brand Allbirds for developing bio-based synthetic leather and reduce its prices.

Allbirds invested around US$ 2 Mn in NFW to boost the production of plant based leather and eradicate fossil fuel-based materials from the fashion industry.

Prominent players operating in the synthetic leather market are:-

Kolon Industries Inc.
Mayur Uniquoters Ltd.
Gruppo Mastrotto S.p.A.
Alfatex.
Achilles Corp.
Teijin Limited
Nan Ya Plastics Corporation
Asahi Kasei Corporation
Toray Group Kuraray Co., Ltd.
Daewon Chemical Co Ltd.
Leather Resource Of America Inc.
Comfort Int’l Co., Ltd
Sheng Hung Industrial Co. Ltd.
Plastics Elche S.A

Regulatory Pressure Compelling Underground Mining Equipment Manufacturers to Innovate ‘Sustainable’ Portfolios, Finds FMI Study

Future Market Insights (FMI), in its new study, evaluates the ongoing developments in the underground mining equipment market and projects their impact on the growth of the market between 2019 and 2029. The study projects that the sales of underground mining equipment of worth ~US$ 14 Bn were recorded in 2018. However, the market value is likely to grow at a passive CAGR of 2.4% through 2029.

To remain ‘ahead’ of your competitors, request for a sample @
https://www.futuremarketinsights.com/reports/sample/rep-gb-6296

Rising adoption of automatic underground mining equipment among manufacturers to sync with the ongoing trends in the ever-evolving mining industry is set to incur tech-driven transformations in this landscape, opines the study. In addition, stringent emission regulations regarding controlled diesel emission and personnel safety in the mining industry are likely to stimulate innovations that can enable dealing with the relentless pricing pressure more efficiently, and mitigate the environmental impacts of new-age underground mining equipment.

underground mining equipment market pr

Advanced techniques of mining and their impacts on various socio-economic factors have been a prolonged concern worldwide. The shift of a majority of miners from surface or open pit mining to underground mining has further amplified concerns vis-à-vis human safety and the environmental impacts.

Technology is emerging as the most efficient tool for introducing enhanced features in underground mining equipment, and FMI’s study examines the influence of advancements in technologies and other microeconomic factors on the growth of the underground mining equipment landscape.

Mineworkers’ Staunch Inclination towards Hard Rock Mining Equipment

FMI’s study finds that every 7 out of 10 underground mining equipment sold in 2018 were designated to applications associated with hard rock mining platforms. Increasing demand for hard rock minerals, such as copper, gold, zinc, and lithium, in wide-ranging industries has given rise to hard rock mining activities in the mining industry. Leading players in the underground mining equipment landscape are focusing on catering to the thriving need for improved productivity in underground hard rock mines with the launch of next-generation mining equipment.

For critical insights on this market, request to ask an expert here @
https://www.futuremarketinsights.com/ask-question/rep-gb-6296

In addition, conventional hard rock mining techniques result in the release of toxic gases including carbon dioxide (CO₂), and Sulphur dioxide (SO₂) among others, which is triggering the adoption of electric equipment in hard rock mines. In addition, the study finds that coupling of underground mining equipment that can carry out multiple operations including parallel cutting, loading, and hauling operations are likely to witness high demand in the coming years.

Visibly Growing Preference for ‘Rental’ over New

In rough terrains such as the mining industry, constant wear and tear of mining equipment lead to high replacement rates, incurring significant depreciation costs to the end users. As large mining machinery, including underground mining equipment, come with a significantly high price tag, purchasing a new equipment creates the need for high capital investments.

A majority of miners are inclined towards purchasing used or refurbished equipment, even considering the option of renting rather than investing in new underground mining equipment. Since a majority of mining businesses are looking for reducing their initial investments, rental service providers are likely to gain traction among in the coming years.

FMI’s study finds that more than half the revenue share is accounted by rental service providers in the underground equipment market. Increasing end user preferences for rental equipment are fostering the progression of this trend in the market. A mounting number of rental service companies are offering refurbished mining equipment that are specifically tailored to suit the requirements of the underground mining sector. The FMI report also finds that leading stakeholders and investors in the underground mining equipment landscape are zooming in their strategic focus on providing rental service packages to suit changing needs of their customers, regarding the inventory of equipment.

For additional insights on the global landscape for underground mining equipment market, write to press@futuremarketinsights.com

For More Information or Query or Customization Before Buying, Visit:
https://www.futuremarketinsights.com/customization-available/rep-gb-6296

About Industrial Automation Division at Future Market Insights

The Industrial Automation & Equipment division at FMI adopts a novel approach and innovative perspective in analyzing the global machinery and industrial automation market. A range of FMI’s market research reports offer comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery used across manufacturing sector. The team also conducts distinctive analysis about installed base, consumables, replacement, and USP-feature application matrix, making us a prominent voice of authority in the industry. We are associates of choice for established as well as budding industry

Dental Engine Market Size By Application, End-Use, Industry Analysis Report, Country Outlook, Application Potential, Forecast, 2021 – 2031

According to the latest research by Future Market Insights, Dental Engine Market is set to experience 4.5% growth during the year 2021-2031. The growth of dental engine is attributed towards the rise in occurrence of dental disorders, along with changing lifestyle and growing dental tourism.

However, the costing of dental engines and lack of reimbursement for dental proceedings are anticipated to hamper the market growth over the forecast period.

What is Driving Demand for Dental Engine Market?

Various technological advancements taking place in the sector of dental is one of the major factors for the growth of the dental engine market. Dental lasers have observed increasing usage in various surgical procedures such as teeth whitening to reduce or lessen blood loss and reduction of patient discomfort.

Moreover, various advancements in dental procedures and materials have allowed replication procedures properties of natural teeth. Which has further benefitted almost every individual going up for dental treatments.

Therefore, focus on development of various technologies along with dental materials is anticipated to form new opportunities for various key players in the dental equipment market.

To remain ahead of your competitors, request for a sample – https://www.futuremarketinsights.com/reports/sample/rep-gb-13986

High Costing of Dental Engines is Likely to Dental Engine Market

Various dental imaging systems, such as digital x-ray and also dental CBCT systems, allows the accurate and proper treatment and diagnosis by offering high quality result and images.

However, the high costing of these systems are restraining the market growth and reducing the adoption.

U.S. and Canada Dental Engine Market Outlook

U.S. and Canada are expected to have the highest share and therefore will dominate the Dental Engine Market. This is due to the increasing demand for for cosmetic dentistry and the increasing population of patient for dental related diseases.

For instance, emerging economies across latin America and APAC are anticipated to see highest growth rate, majorly due to rising dental diseases globally.

Europe Demand Outlook for Veterinary Home Diagnostics

The European market for dental engine market is estimated to grow at a considerable rate during the forecast period. This surge in growth is due to the growing expenditure on dental machineries. Moreover, the high risk of growing dental diseases due to change in lifestyle of people is also one of the major reason for the growth of the dental engine market in this region.

Get a Tailored Made Report to Match Your requirements, Ask from Market Research Expert – https://www.futuremarketinsights.com/ask-question/rep-gb-13986

Who are the Key Manufacturers and Suppliers of Veterinary Home Diagnostics?

Some of the key players operating in the Dental Engine Market are DENTSPLY Sirona (US), Planmeca Group (Finland), Envista Holdings (US), Align Technology (US), Aseptico (US), A-dec Inc. (US), J. MORITA CORP. (Japan), GC Corporation (Japan), Midmark Corporation (US), Ultradent Products, Inc. (US), Straumann Holdings AG (Switzerland), 3M Company (US), BIOLASE, Inc. (US), 3Shape A/S (Denmark), BEGO GmbH & Co. Kg (Germany), Yoshida Dental MFG. Co., Ltd. (Japan), Brasseler USA (US), Nakanishi Inc. (Japan), DentalEZ, Inc. (US), Carestream Dental LLC. (US), Takara Belmont Corporation (Japan), Nova Instruments (UK), NewTom (Italy), PreXion, Inc. (Japan), Millennium Dental Technologies, Inc. (US), Ivoclar Vivadent AG (Liechtenstein), AMD LASERS (US), and BIEN-AIR DENTAL (US).

Dental Engine 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: Although care has been taken to maintain the highest levels of accuracy in reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Key Segment

By Product Type:

Therapeutic Dental Equipment
Dental Units
Instrument Delivery Systems
Dental Chairs
Dental Handpieces
Dental Imaging Software
Others

By End Use:

Hospitals and Clinics
Other End Users
Dental Academic & Research Institutes

For in-depth insights, Download a PDF Brochure – https://www.futuremarketinsights.com/reports/brochure/rep-gb-13986

By Region:

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

Straw Sales to be Governed by Global Sustainability Trend, Preference for Biodegradable Solutions Prominent in Foodservice Industry

The recent past has observed significant increase in the number of foodservice restaurants. This would remain among the leading factors driving consumption of straws at a global level. The mass shift in preference from plastics to recyclable and biodegradable material alternatives has been the key trend shaping straw sales. On the back of these factors, the straw market is projected to expand at a strong CAGR of nearly 7% during the forecast period (2019 – 2029).

Paper has been witnessing solid rise in demand as an eco-friendly, sustainable alternative to single use plastic, which indicates a massive opportunity for paper straws in the near future. Currently, plastic straws and paper straws collectively account for the most of global market revenues.

Get | Download Sample Copy with Graphs & List of Figures:
https://www.futuremarketinsights.com/reports/sample/rep-gb-9214

Key Takeaways – Straw Market Study

Plastic straws are the most common trash item found in ocean. To overcome this and decrease the consumption of plastic straws, various manufacturers are offering recyclable, reusable, and compostable straws
Increasing number of bars and lounges, restaurants, and quick service restaurants is intensifying consumption of straws
Brand owners are investing in marketing and branding of products, which are expected to gain consumers’ attention
Straw manufacturers are collaborating to produce custom-made straws with logos and taglines for marketing as well as branding
To eliminate the usage of single-use plastic straws, foodservice companies and brand owners such as McDonald’s and Starbucks are using paper and bio-based straws

Straw manufacturers should focus on investments in novel material combinations to enhance the quality of straw, along with taking recyclability into consideration. Furthermore, small and medium scale players in the global straw market should augment investments in marketing through online foodservice platforms to establish themselves as a brand.

E-catering and Online Foodservice Platforms to Propel Straw Market Growth

Online foodservice platforms are providing convenient delivery at low costs, along with efficient packaging solutions, which is fueling worldwide sales of straws. Changing consumption pattern from offline to online sales channel in the F&B industry is anticipated to drive the straw market growth. Increasing number of fast food outlets and restaurants are also anticipated to create huge demand for straws in coming years.

Request a Complete TOC of this Report with figures:
https://www.futuremarketinsights.com/toc/rep-gb-9214

Straw Market – Key Trends Shaping Competition

Manufacturers in the straw market are adopting collaboration strategy to expand their global reach. Leading players are offering wide range of options for straw consumers, such as collapsible straws, biodegradable straws, recyclable straws, reusable straws, and straw (Hay) straws.

Collaborations and Joint Ventures
- Stora Enso Oy, a leading player in the packaging industry, and Sulapac Oy, a cosmetic packaging solution provider, formed a collaboration to create renewable straw ‘Sulapac Straw’.
Product Launch
- A new entrant in the straw market, FinalStraw, which is a straw manufacturer, came up with a product ‘Collapsible Straw’. This can be folded and carried with a keychain, and is also reusable.

STRAWS MARKET TAXONOMY

The global straw market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

Product

Plastic
Bamboo
Metal
Paper
Glass
Silicone
Others

Straw Length

<9 cm
9-15 cm
16-20 cm
>20 cm

Sales Channel

Manufacturers
Distributors
Retailers
E-retail

End Use

Foodservice
Institutional
Households

Region

North America
Latin America
Europe
South Asia
East Asia
Oceania
MEA

For More Information or Query or Customization Before Buying, Visit:
https://www.futuremarketinsights.com/customization-available/rep-gb-9214

Learn More About the Report

Future Market Insights, in its new offering, brings to fore an unbiased analysis of the global straw market, presenting historical demand data (2014-2018) and forecast statistics for the forecast period 2019-2029. The study divulges compelling insights on the straw market on the basis of material (plastic straws, paper straws, metal straws, glass straws, bamboo straws, silicone straws, and hay/edible straws), straw length (<9 cm, 9-15 cm, 16-20 cm, and above 20 cm), sales channel (manufacturers, distributors, retailers and e-retail), and end-use (foodservice, institutional and households), across seven major regions.