Functional Films Market Estimated to Expand at a Robust CAGR By 2031

As per a study by Future Market Insights (FMI), increasing applications across diverse sectors, especially the printing and packaging industry will drive the functional films market between 2021 and 2032. Functional films are being steadily commercialized across various industries as they incorporate technologies to improve the functional performance of products on which functional films acts as substrate or a barrier.

The market is gaining momentum, thanks to the expansion of the packaging and plastic industries. Their usage across automotive also is increasing. Functional films can be spotted in automotive displays, car interiors, transmission systems, and lighting.  In the packaging sector, BOPP films are the “go-to” options for lamination and flexible packaging purposes.

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As per FMI, the functional films market is poised to reach US$ 47.17 Mn by 2031. The demand for both optical and coating films is considerably high. Of these, coatings films are expected to emerge dominant, exhibiting 8.7% CAGR over the forecast period.

functional film market characteristics and attributes with regional relevance

What are the Historical and Future Prospects for Functional Films Market?

Product differentiation offered by key players is the result of several developments, testing and research being carried out over the years. There has been a consistent demand from the packaging sector, comprising food packaging and medical packaging. With the onset of urbanization and population growth, the demand for films will grow and drive sales of functional films.

New generations of green organic films and coatings are consistently under development to meet the requirements for the food packaging, anti-corrosion, and biomedical applications. In recent years, much more attention has been directed towards materialization and commercialization of the newly synthesized high-performance environmentally friendly films and coatings made of bio-resource polymers.

The impact of the COVID-19 pandemic has been unprecedented on a global scale. The consequences have been far reaching, particularly for film manufacturers as the procurement chain was disturbed. Globally, the polymer industry experienced a sharp decline in 2020. Arguably, the challenge for manufacturers was to maintain the production in tight demand with restrained economic activities.

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Key Takeaways of Functional Films Market Study

  • Application across various industries will continue driving functional films market at .2% CAGR through 2031
  • The U.S. remains the leading functional films market in North America, accounting for over 68% sales in 2021
  • After an insignificant year in 2020, the U.K. market will bounce back, registering a little below 6% y-o-y growth in 2021
  • Germany and France will remain key markets. Of these, Germany will remain dominant through the forecast period
  • Exceptional growth is likely in Japan, as it continues registering expansion of various end-use industries

Functional films market, like any other sector, is heavily reliant on prevailing trends. Currently, there is high focus on sustainability especially as some of the leading players invest in environment-positive technologies, said a lead analyst at FMI.

East Asia is expected to dominate the functional films global market. The intense activities in the region have stimulated market participants to engage in product innovations and steadily commercialize their products. In East Asia, the large demand owned by various end-use industries including consumer electronics and automotive, is likely favorable to mold the Functional Films market. The market growth is also dependent on various other factors such as raw material availability and large consumption base.

Who is Winning?

Some of the leading companies operating in the functional films market include 3M, Dai Nippon Printing Co. Ltd, Toray industries Inc, SABIC, Covestro AG and Saint Gobain Films.

The functional films market is a highly competitive market dominated global petrochemical and chemical manufacturers and key players who are actively involved in the printing and packaging sector.  Some players are adopting backward integration, directly purchasing petrochemicals and manufacturing films from scratch. The market is also driven by regional players and new entrants who are aggressively involved to build their brand name.

The Tier-1 players hold approximately half the global value share. Drive for product positioning and collaboration are some of the common behavioral trends in the global market.

There is increasing focus on sustainability, especially some of the leading players. For instance, Coveris has built two new extrusion lines at Cheshire-based facility in Winsford, in the U.K. This capacity expansion is intended at supporting the company’s goal to achieve pack positive sustainability.

Key Questions Answered in the Report

Which is the Most Lucrative Market for Functional Films?

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Hybrid Vehicles Market value expected to increase at a CAGR of 20.4% during the forecast period (2016-2026)

FMI delivers key insights on the global hybrid vehicles market in its latest report titled, ‘Hybrid Vehicles Market: Global Industry Analysis and Opportunity Assessment 2016-2026.’ The long-term outlook of the global hybrid vehicles market remains positive, with market value expected to increase at a CAGR of 20.4% during the forecast period (2016-2026). Among the product types, the hybrid electric vehicles segment is expected to expand at a significant CAGR in terms of value over the forecast period. The global hybrid vehicles market for passenger cars is estimated to be valued at US$ 54.7 Bn by the end of 2016.
Japan is estimated to account for a value share of 48.1% in the global hybrid vehicles market by 2016 end, and it is anticipated to retain its dominance throughout the forecast period. In this report, FMI throws light on the drivers and restraints likely to impact the global hybrid vehicles market during this period.
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Global Hybrid Vehicles Market: Factors Influencing Revenue Growth

The hybrid vehicles market is driven by various factors such as better fuel efficiency, incentives & subsidies offered by governments, rising prices of petroleum products, and reduction in air pollution, among others. Hybrid vehicles have better fuel efficiency than conventional vehicles, as apart from using IC engines, hybrid vehicles also use energy stored in a battery, which uses 80% of the energy for driving the vehicle, owing to the higher efficiency involved in converting the chemical energy of batteries into electrical energy. Using battery energy also minimizes the harmful carbon emissions involved with IC engines. Apart from this, various government authorities provide subsidies and incentives to the owners of hybrid vehicles. For instance, in China, the government offers subsidies ranging from US$ 6,750 to US$ 14,000, depending upon the size of the battery pack, to every purchase of a hybrid or electric vehicle. Cities such as Beijing and Shanghai offer free registration plates for electric hybrid vehicles.

The insufficient number of public charging stations hampers the growth of the plug-in hybrid vehicles sector, though portable charging systems are provided by manufacturers, which can be used at home or at the workplace. But while travelling between cities or during an emergency situation, this can cause difficulty to the consumers. Therefore, to fully explore the potential of plug-hybrid vehicles, a sufficient number charging stations are required, which will enhance the market for plug-in hybrid vehicles.

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Segmental Analysis of the Hybrid Vehicles Market
The hybrid vehicles market is segmented on the basis of product type, vehicle type, engine type, and powertrain configuration.
• The hybrid electric vehicles segment is anticipated to continue to dominate the market in terms of value over the forecast period. The hybrid electric vehicles segment is estimated to grow at a significant CAGR over the forecast period. It is expected to represent a total incremental opportunity of US$ 297 Bn between 2016 and 2026.
• The power split hybrid vehicles segment is projected to be the most prominent powertrain configuration in the hybrid vehicles market. The power split hybrid vehicles segment is estimated to grow at a significant CAGR of 22.7%, in terms of value, over the forecast period. The market for power split hybrid Vehicles is driven by the benefits they offer over parallel and series hybrid vehicles.

Hybrid Vehicles: Regional Market Projections
The hybrid vehicles market in Japan is expected to represent a significantly higher incremental opportunity between 2016 and 2026. The market for hybrid vehicles in Japan is expected to represent a total incremental opportunity of US$ 241 Bn between 2016 and 2026.

Key segments covered in the hybrid vehicles market report

On the basis of product type, the hybrid vehicles market can be segmented into:
• Hybrid Vehicles
• Plug-in Hybrid Vehicles
On the basis of vehicle type, the hybrid vehicles market can be segmented into:
• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles
On the basis of engine type, the hybrid vehicles market can be segmented into:
• Parallel Hybrid
• Series Hybrid
• Power Split Hybrid
On the basis of powertrain configuration, the hybrid vehicles market can be segmented into:
• Gasoline Electric
• Diesel Electric
On the basis of region, the hybrid vehicles market can be segmented into:
• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East & Africa (MEA)

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Hybrid Vehicles Market: Key Participants
The report highlights some of the top companies operating in the hybrid vehicles market, such as Ford Motor Company, General Motors Company, Honda Motor Co., Ltd., Daimler AG, Volkswagen AG, Renault SAS, Toyota Motor Corporation, Nissan Motor Corporation, Mitsubishi Motor Corporation, Hyundai Motor Company, and Bayerische Motoren Werke AG (BMW).

Top Reports Related To Automotive Market Insights
Golf Cart Market : Increasing urbanization and inclination towards the environment friendly options are key factors driving market of golf cart. As per a Future Market Insights (FMI) analysis, the global golf cart market is estimated to be valued at ~US$ 2.59 Bn in 2021, expanding at a CAGR of ~4.3% during the forecast period from 2021 to 2031. While the COVID-19 outbreak hampered sales to an extent, the market is likely to recover 2021 onwards.

Automotive Interior Leather Market : Globalization of the automobile industry and rising demand for automotive interior customization are expected to remain chief driving factors of the global automotive interior leather market. According to Future Market Insights (FMI), the global automotive interior leather market is estimated to be valued at ~US$ 29.9 Bn in 2021.

Fatty Amines Market Future Trends, Industry Size and Forecast to 2020

Future Market Insights (FMI) announces the release of its latest report titled, “Fatty Amines Market: Global Industry Analysis and Opportunity Assessment 2015-2020”. According to the report, the global fatty amines market was valued at US$ 1,721 Mn in 2014 and is anticipated to reach US$ 2,193 Mn by 2020, registering a compound annual growth rate (CAGR) of 4.2% through the forecast period.

Fatty Amines Market Driven by Booming Water Treatment Chemicals Industry & Demand for Agro-chemicals

Global fatty amines market is driven by growing water treatment chemicals industry and increasing demand for agro-chemicals and asphalt additives, mainly in the developing countries. Water treatment chemicals contribute the highest in terms of demand and share to the global fatty amines market, as compared to the other application segments. Increasing usage of fatty amines in various end-user applications coupled with market expansion and development of novel applications, such as detergents, mining, paints & coatings and fabric softener are further driving the fatty amines market growth. However, fluctuations in availability and volatile raw material prices pose a challenge for the global fatty amines market.

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Market Segments

The global fatty amines market is segmented on the basis of product type, application and geography.

By product type, global fatty amines market is segmented into primary fatty amines, secondary fatty amines and tertiary fatty amines. Among these segments, tertiary fatty amines accounted for approximately 48.1% of global value market share in 2014. Furthermore, it is expected to dominate the global fatty amines market throughout the forecast period, exhibiting a CAGR of 3.6% between 2015 and 2020.

The primary fatty amines market accounted for over 25% of the market value share in 2014 and is expected to increase at a comparatively high CAGR of 4.9%, during the forecast period, owing to its increasing consumption in water treatment chemicals and paints & coatings industry as additives to protect the paints from getting tainted while in storage.

The secondary fatty amines segment accounted for approximately 23% of the global value market share in 2014, and is expected to gain its market share and account for 23.3% of the global fatty amines market by 2020.

On the bases of application, the global fatty amines market is segmented into water treatment chemicals, agro-chemicals, oilfield chemicals, asphalt additives, anti-caking and others (used in personal care, mining, fabric softener, paints & coatings). Among the aforementioned segments, water treatment chemicals is expected to dominate the global fatty amines market with over 29% market revenue share throughout the forecast period. Growing paints & coatings industry, coupled with increasing automobile production in China, Malaysia, Indonesia and Mexico is expected to further propel the demand for fatty amines in the asphalt additives application segment. The scope of applications for fatty amines in others segment is expected to expand in the future too, due to market expansion and innovation in techniques.

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On the bases of region, Asia Pacific Excluding Japan (APEJ) dominated the global fatty amines market in 2014, in terms of revenue, accounting for more than 25% of the revenue share. However, North America and Eastern Europe are foreseen to witness relatively high CAGRs of 6.4% and 5.3%, respectively.

Key Segment 

By Product Type

  • Primary Fatty Amines
  • Secondary Fatty Amines
  • Tertiary Fatty Amines

By Application

  • Water Treatment Chemicals
  • Oilfield Chemicals
  • Paints & Coatings
  •  Agro-Chemicals
  •  Many More

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Microparticle Injectables Market 2022 Key Players, End User, Demand and Consumption by 2031

According to the latest research by FMI, Microparticle Injectables are set to witness a steady-paced growth of CAGR 5.8% during the year 2021-2031.  Microparticle Injectables are broadly used constituents of multiparticulate drug delivery systems, offering both technological and therapeutic advantages. The applications of microparticle injectables as drug delivery systems allow for a controlled delivery of active pharmaceutical ingredients in the body.

The long-lasting delivery of such API over a time period of weeks, or a couple of months as microparticle injectables increases patient benefits as well as is responsible for the reduction of burden of compliance among the patients. The demand of microparticle injectables as a means for drug delivery is set to increase steadily over the forecast period. This demand is driven primarily on the basis of lower degradation event associated with the API, which in turn leads the drug to have potentially lower side effects.

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What is Driving Demand for Microparticle Injectables?

The demand for microparticle injectables is driven mainly through their benefits revolving around patient compliance. Apart from providing abundant patient benefits, the microparticle injectables also deliver drugs directly into the blood stream or the initiated local environment. The efficacy of this process evades hepatic and gastric degradation of the API.

The effectiveness of microparticle injectables as long-acting dosage forms also drive the key market players to benefit from developing novel drug dosage formulations and generate profitable revenue. Furthermore, several microparticles are not required to be removed later through surgical operation, because of the use of biodegradable materials in their formulation.

Which factors are likely to augment growth of Microparticle Injectables?

The microparticle injectables are emerging in terms of their biomedical applications in the field of cardiology, neurology as well as gastrology. The augmentative factors responsible for the growth of adoption of microparticle injectables over the globe are their ability to treat a range of indications such as CNS disorders and cancer. Rising demand for bioresorbable polymers and their efficient use in commercialization are further set to increase the demand of microparticle injectables over the forecast period.

U.S. and Canada Microparticle Injectables Outlook

The region of North America is expected to grow at a significant rate over the forecast period. The factors aiding this growth are the presence of key and leading market players in the region in addition to a developed healthcare infrastructure as well as advanced biopharmaceutical production processes in the region.

In 2021 alone, the U.S. FDA and the European Medicines Agency (EMA) approved more than 15 drugs based on microparticles made of biodegradable polymers such as poly (lactide) (PLA) and poly (lactide-coglycolide) (PLGA), which possess biocompatible properties. The rising research activities as well as production of novel drug dosage formulations in the region account for the highest sales value share in the market over the forecast period.

Europe Demand Outlook for Microparticle Injectables

The region of Europe is anticipated to occupy a large share after North America in the adoption of microparticle injectables due to the rising prevalence of chronic diseases in the region, as well as increasing technological advancements.

The growth is also evaluated by the presence of growing advancements in healthcare and research in the region. According to the WHO, about 50 million people in the region of Europe suffer from more than one chronic disease.

Who are the Key Manufacturers and Suppliers of Microparticle Injectables?

The key companies operating in manufacturing and supply of microparticle injectables are

  • Lubrizol Life Science
  • Baxter International Inc
  • Sandoz
  • Eli Lilly and Company
  • Pfizer Inc.
  • Evonik
  • Oakwood Labs and GP Pharm.

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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.

Microparticle Injectables 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
Key Segments

By Therapeutic Application:

  • Chronic Diseases
  • Autoimmune Diseases
  • Hormone Related Disorders
  • Oncology
  • Others

By Administration Site:

  • Central Nervous System
  • Skin
  • Musculoskeletal
  • Targeted Organs

By Distribution Channel:

  • Medical Hospital Pharmacy
  • Retail Pharmacy

By Region:

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

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Long-Acting Monoclonal Antibodies Market 2022 Key Players, SWOT Analysis, Key Indicators and Forecast to 2031

According to the latest research by Future Market Insights, the Long-Acting Monoclonal Antibodies 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. Current Pandemic situation of Covid-19 has made the market to grow immensely in the field of developing more vaccines at the global rate of the population.

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What is driving Demand for Long-Acting Monoclonal Antibodies Market?

The demand for long-Acting monoclonal antibodies market has seen at a higher rate at a global level as there has been increase in the number of chronic diseases growing at a different level. The rising ageing population and sedentary lifestyle owes for the demand for the market. Furthermore, long-acting monoclonal antibodies market has witnessed significant positive impact of COVID-19 as several mAbs have potential to effectively treat coronavirus infection. The companies are also conducting clinical trials to further boost the development of highly potential therapies. With potential in minimizing infection severity in treatment of COVID-19, the industry will continue to experience revenue growth during the pandemic. Alternating therapeutics market is exploring themselves globally.

Increasing Product Launches and Approvals to boost the Demand

Monoclonal Antibodies are the similar immunoglobulins which is developed from a B-cell. New technological advancement has brought in benefiting results via research and development industries. FDA has approved many monoclonal antibodies giving the lucrative growth in the given forecast period. FDA issued the EUA i.e. emergency use authorization for Casirivimab and imdevimab that can be used in treating mild to moderate infection.

U.S. Long-Acting Monoclonal Antibodies Market Outlook

U.S. is said to be the most dominating market due to its well-developed health infrastructure, in terms of disease treatment rate. Leading industries in the US has seen to expand themselves into long acting monoclonal antibody market.  The presence of major players and ongoing clinical trials makes U.S. the leading player in the market. For instance, ASTRAZENECA’s long acting antibody is set to enter into phase 3 of clinical trial.

Europe Demand Outlook for Long-Acting Monoclonal Antibodies Market

The European market is considered to be the second largest market for long-acting monoclonal antibodies at a global level. As technological advancement grows, it will directly lead to rise in the monoclonal antibody market size. This market is seen to grow at a rapid pace as oncological segment constitutes a high demand for production. Furthermore, European Medicine Agency in the year 2013 approved of biosimilar products and said that they can be approved globally, which in turn drives the market demand. R&D are expanding themselves in developing new drug every now and then, this will let the antibody market to reach heights.

Who are the Key Manufacturers and Suppliers of Long-Acting Monoclonal Antibodies market

  • Eli Lilly
  • Abbott Laboratories
  • AstraZeneca plc.
  • Amgen Inc.
  • Bayer AG
  • Johnson & Johnson
  • Pfizer
  • GlaxoSmithKline Plc.
  • Merck & Co. Inc.
  • Novartis

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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.

Long-Acting Monoclonal Antibodies 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
Key Segment

By Source Type:

  • Murine
  • Chimeric
  • Humanized
  • Human

By Indication:

  • Cancer
  • Autoimmune Diseases
  • Inflammatory Diseases
  • Infectious Diseases
  • Others

By End User:

  • Hospitals Pharmacies
  • Drug Stores
  • Retail Pharmacies
  • E-commerce

By Region:

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

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UV Tapes Market Share and Growth Factors Impact Analysis 2020

Future Market Insights (FMI), in its recent report titled, “UV Tapes Market : Global Industry Analysis and Opportunity Assessment 2015 – 2020”, projects that the global UV Tapes market will exhibit a CAGR of 9.3 % during 2015 to 2020.

UV tapes are a type of pressure-sensitive tapes with high adhesion strength, which reduces drastically on exposure to UV light, thereby allowing clean and easy removal of semiconductor chips after it has fulfilled its purpose. During fabrication, storage, and shipping of semiconductor wafers, these tapes temporarily protect wafers against scratching and surface damage. These are produced from PVC, PET, or PO backing material with acrylic adhesive to hold pieces of semiconductor (dies) in place. These tapes are generally thinner as compared to other tapes, which vary from between 70 to 150 micrometers.

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The report analyses the global UV tapes market in terms of market value (US$ Mn) by applications, region and product type and provides information regarding market dynamics, value chain, competitive landscape, current trends, market estimations and forecast.

As of 2014, UV tapes accounted for less than 1% of the global PSA tapes market in terms of volume and value. Increase in demand for consumer electronics coupled with miniaturization of electronic devices is driving the demand for semiconductors that leads to growing demand for UV tapes. Various governments in Asia Pacific are focusing on sustainable development and have formulated the regulations for same. These regulations and initiatives are identified as underlying driving factors of the market. On the flipside, high cost of UV tapes than non-UV tapes is a minor restraint in the UV tapes market.

From regional perspective, Asia Pacific and North America represented prominent markets for global UV tapes market in 2014. In terms of market value, Asia Pacific is projected to account for 5.4X higher revenue than North America by the end of forecast period 2020. Presence of large scale semiconductor foundries in Asia Pacific is the prime reason behind the surge in demand for UV tapes in this region. Asia Pacific is expected to be the largest market for UV tapes in terms of value, followed by North America and Europe.

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From product type perspective, polyolefin-based UV tapes are expected to register highest CAGR followed by polyvinyl chloride (PVC) and polyethylene terephthalate (PET). While polyolefin-based UV tapes are projected to be the largest market segment by the end of forecast period, PVC is anticipated to witness 1.5X growth in its revenue by the end of forecast period.

From application type perspective, UV tapes market has been segmented into wafer dicing, back-grinding and others. Wafer dicing and back-grinding are two subsequent procedures applied in semiconductor processing. It is due to this that UV tapes in both application account for nearly same market share, however both are projected to lose market share to other applications that include aerospace and telecommunication. Wafer dicing and back-grinding are expected to exhibit a CAGR of 9.2% during the forecast period.

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Key market participants covered in the report include UV tape manufacturers and raw material suppliers. Furukawa Electric Co., Ltd. Nitto Denko Corporation, Mitsui Chemicals, Lintec Chemicals, and Sumitomo Bakelite Co. Ltd. are key manufacturers, while BASF SE, Henkel AG & Company and Dow Chemical Co are some of the key raw material suppliers covered under this research report.

Home Infusion Therapy Devices Market Research Report 2022 – Global Forecast till 2031

According to a recent study by Future Market Insights (FMI), sales of home infusion therapy devices are expected to top US$ 2.0 Bn in 2021, growing at a CAGR of over 6.5% during the forecast period (2021-2031).

Home infusion therapy devices are used for the intravenous administration of medicines. It is commonly prescribed for patients with serious infections and specialized diseases when orally administered medicines are not or comparatively less effective.

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Application of home infusion therapy devices is increasing with the rising number of surgeries conducted across the globe. Post-surgery pain management at home can be done with the help of home infusion therapy devices.

home infusion therapy devices market characteristics and attributes with regional relevance 2021

Besides this, rising healthcare expenditure and growing awareness regarding the risk and infection amidst the outbreak of COVID-19 is driving the demand of home infusion therapy devices.

Key Takeaways from Home Infusion Therapy Devices Market Study

  • By product type, infusion system accessories will hold around 45% of value share globally.
  • Based on the application, antibiotic administration is leading with over 34% of the market share.
  • Home care settings sales will dominate the home infusion therapy devices, with a market share of 65% during the forecast period.
  • By region, the U.S. will dominate the global home infusion therapy devices market with a value share of around 37% during the forecast period.
  • Followed by North America, Europe will be the second-largest leading region, with a value share of 93.2% during the forecast period.
  • India is the dominant country in term of revenue for South Asia Home infusion therapy devices market, accounting for nearly 48% of market share in 2021.
  • China holds leading position in East Asia and is expected to account for nearly 52% of market share.

“Growing prevalence of chronic diseases such as diabetes and cancer in the midst of COVID-19 pandemic and high risk of infection across hospitals encouraged key players to invest in new product launches. This is expected to enable growth in the market in the coming years” says a FMI Analyst.

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Who is Winning?

Key players are focusing on new product launches and approvals. Other growth strategies adopted by leading players include, agreements, and collaborations among key manufacturers. By focusing on these strategies, key players are expanding their geographic presence and strengthening their existing product portfolio.

For instance,

  • In June 2019, Baxter International Inc. announced that Myxredlin that is the first and only ready-to-use insulin for IV infusion get the US FDA approval.
  • In Jan 2019, Fresenius Kabi AG launched two colourful bags via white spiral cables to supply the nutrient solution for parenteral nutrition.
  • In April 2017, B. Braun Melsungen AG announced the launch of home infusion therapy App named Easypump® for healthcare professionals and patients.

The key market players profiled by FMI include Becton, Diciknson & Company, B.Braun Melsungen AG, Baxter International, Fresenius Kabi, Terumo Corporation, ICU Medical, Nipro Corporation, Smiths Medical, Micrel Medical Devices SA, Moog Inc., JMS Co.Ltd., Intera Oncology, and Others Top-up.

Home Infusion Therapy Devices Market by Category

By Product Type:

  • Disposable Elastomeric Pumps
  • Insulin Pumps
  • PCA Pumps
  • Electronic Ambulatory Pumps
  • Infusion System Accessories

By Applications:

  • Enteral Nutrition
  • Parenteral Nutrition
  • Chemotherapy
  • Antibiotic Administration
  • Others

By End User:

  • Home Care Settings
  • Long Term Care Centers

By Region:

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

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Key Questions Answered in the Report

  • How much is the home infusion therapy devices market worth?
  • Which companies are key producers of home infusion therapy devices?

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Automotive Interior Leather Market is valued at US$ 29.9 Bn in 2021 expected to grow at a CAGR of 4.1% during 2021-2031

Globalization of the automobile industry and rising demand for automotive interior customization are expected to remain chief driving factors of the global automotive interior leather market. According to Future Market Insights (FMI), the global automotive interior leather market is estimated to be valued at ~US$ 29.9 Bn in 2021.
The COVID-19 pandemic crisis has severely affected the global economic growth, resulting in disruptions in the supply chain networks. Subsequently it has affected the market leading to sluggish growth in 2020. However, the market is expected to recover as economic activities resumes post the containment of pandemic.
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According to FMI, sales within the passenger cars segment will recover after taking a massive hit amid COVID-19 in 2020. Despite this, temporary period of lull passengers will account for a little below 70% of leather sold for automotive interior in 2021.
The research examines prevailing demand and supply trends within the automotive interior leather. It presents a comprehensive overview based on in-depth research. Some of the key findings of the report are discussed below:

Key Takeaways of Global Automotive Interior Leather Market Study
• Automotive interior leather market is expected to expand at a CAGR of ~4.1% during the forecast period of 2021-2031
• The U.S. will account for over 84% of automotive interior leather sold in North America
• The U.K. is expected to register above 4% Y-o-Y growth in 2021 after witnessing significant drop in sales in 2020
• Germany and France will exhibit positive growth after registering negative sales amid COVID-19
• Within East Asia, China will remain the dominant market, trailed by Japan and South Korea

“Manufacturers are focusing on product innovation and besides offering improved sustainability. In the coming years they are likely to gain from the rising demand for passenger cars. Also, consumers’ preference for the sustainable products and better comfort are the key factors enabling growth in the market. Overall the expansion of the automotive industry will continue creating lucrative opportunities for the market,” said an FMI analyst.

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Some of the key players in the market are Lear Corporation, Seiren Co., Ltd, GST AutoLeather Inc, BOXMARK Leather GmbH & Co KG, Bader GmbH & Co. KG, Katzkin Leather,Inc. , Leather Resource of America, WOLLSDORF LEDER SCHMIDT & Co. Ges.m.b.H. , DK Leather Corporation, Scottish Leather Group Limited. These players have comparatively higher market presence in the global market, and have longstanding relationships with a number of leading end users, giving them an upper hand among their peers.

Global Automotive Interior Leather Market by Category
Material Type
• Genuine Leather
• Synthetic Leather
• PU Leather
• PVC

Vehicle Type
• Passenger Cars
• Compact
• Mid-Sized
• Sedan
• Luxury
• Van
• Light Commercial Vehicles
• Heavy Commercial Vehicles

Application
• Upholstery
• Dashboard
• Seat belts
• Air-bags
• Floor & trunk carpets
• Headliners
• Others

Sales Channel
• OEM
• Aftermarket

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Key Questions Answered in the Report
• Which is the most lucrative market for Automotive Interior Leather? China currently leads the global market for automotive interior leather. Sales in China will be over one fifth of total demand throughout the forecast period.
• Which are the top-selling Automotive Interior Leather material type? Synthetic leather is highly sought-after in vehicle production. The demand for PU leather is expected to remain high in the near future, especially due to its increasing use across passenger vehicles.
• Which Vehicle Type is Exhibiting high demand for Automotive Interior Leather? Automotive interior leather is widely used in passenger cars. Its usage in compact and luxury cars is anticipated to remain key factor impacting the overall market growth.

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Textile Chemicals Market Size, Share, Growth Trends, and Forecast Analysis to 2031

ESOMAR-certified consulting firm Future Market Insights’ report, projects the global textile chemicals market to exhibit growth at 5.40% CAGR over the forecast period of 2021 and 2031.

Growing demand for non-toxic chemicals from apparel industry is accelerating textile chemicals sales across the globe. Key players are therefore investing heavily in research & development for the development of eco-friendly non-toxic chemicals to cater the demand within textile & apparel industry.

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Development of chemicals that reduces the water consumption in textile production and processing will aid the demand of textile chemicals across China, India and Vietnam, bolstering growth.

As per the FMI’s analysis, due to the unprecedented outbreak of Covid-19, textile chemicals market sales declined, registering sluggish growth at 1% CAGR during 2016-2020. However, burgeoning demand for PPE kits and mask across the globe improved the supply-chain of textile chemicals across China, India and Japan.

FMI forecasts, South Korea and Japan, collectively, accounted for around 12% global market share backed by the burgeoning demand within apparel industry in 2021.

According to the FMI’s analysis, the global Textile chemicals market reached a valuation of US$ 22,126.3 Mn in 2021.

Key Takeaways from FMI’s Textile chemicals Market Study

  • By application type, apparel segment will lead the global textile chemicals market over the forecast period.
  • In terms of product type, textile auxiliaries will retain its dominance, witnessing high single digit growth during the forecast period
  • Finishing process will be the most preferred process among textile chemicals manufacturers, registering a growth of 10.6% CAGR
  • Japan will emerge as the leading market across North America backed by the high demand within the textile & apparel industry
  • India will emerge as the most lucrative market registering fastest growth in terms of value over the forecast period
  • China is anticipated to lead the East Asia’s Textile chemicals market, exhibiting the growth at 10.6% CAGR

“Increasing sustainability approach for reduced water consumption and adoption of non-toxic chemicals are fuelling the demand from apparel industry. This has in turn strengthened growth opportunities for the market players,” says the FMI analyst. 

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Competitive Landscape

Huntsman Corporation, Archroma Management LLC, Evonik, Kemira, Solvay, Lonsen, CHT Group and DyStar Group among others are some of the key players profiled in the textile chemicals market.

As per the FMI’s analysis, the market is dominated with top 5 players operating in Textile chemicals market, accounting for around 20-25% of market share.

Key players are adopting sustainable approaches to strengthen their position in the industry while adhering to the stringent regulations for textile chemicals laid down by government.

Long-term agreements with apparel industry stakeholders and targeted mergers & collaboration to improve the revenue generation will be one of the key strategy adopted by industry players.

For instance, Department of Textile Engineering, University of Engineering and Technology (UET), in May 2021, announced the launch of the textile sustainability working group to conduct training and seminars, mill assessment related to energy conservation and sustainability research & development projects.

In July 2019, Achitex Minerva announced the acquisition of the corporate assets of Minerva Color Columbiana for the expansion of the market structure of Achitex Minerva Colombia LTD, in Bogota

Needle-Free Injectors Market 2022 | Present Scenario and Growth Prospects 2031

According to a latest study by Future Market Insights (FMI), global needle-free injectors’ sales are expected to reach US$ 12.3 Bn in 2021, surging at 11.4% CAGR during the forecast period (2021-2031).

Needle-free injection is an innovative drug delivery technology that drives drugs to the skin using force which virtually nullifies the use of hypodermic needle. With growing preference for non-invasive drug delivery system and vaccines, adoption of needle-free injectors is expected to improve over the coming years

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Application of needle-free injectors is increasing with rising incidence of diabetes and other chronic diseases across the globe. With increasing number of surgeries, demand for minimally invasive procedures is accelerating the sales of needle-free injectors.

According to Centers for Disease Control and Prevention (CDC), more than 51% of adults in U.S. had at least 1 chronic condition, and 27.2% had multiple chronic conditions in 2018.

Other factors driving the global demand are cost-effectiveness and safety related to needle-free injectors.

Key Takeaways from Needle-free Injectors Market study

  • By load type, liquid injections segment will hold around 88.0% of value share globally.
  • Based on the technology, spring-loaded jet injector is dominating the market, with over 48.0% of the market share.
  • Based on the delivery site, intra dermal injector is expected to hold over 33% of the market share.
  • Application of drug delivery will spur the sales of needle-free injectors, with the segment accounting for 65% of the market share.
  • Based on the usage, reusable needle free injectors are highly sought-after, contributing over 78% of the market revenue.
  • Hospitals are expected to be the primary end-users, holding a market share of 28% during the forecast period.
  • By region, North America will dominate the global needle-free injectors market, holding 42% of total market share.
  • Europe is expected to be the second-largest market, with Germany spearheading the market growth .
  • India will emerge as the most lucrative market across South Asia, accounting for nearly 50% of market share in 2021.
  • China will hold leading position in East Asia and is expected to account for nearly 46% of market share.

“Growing prevalence of chronic diseases coupled with rising preference of non-invasive drug delivery system will improve the adoption of needle-free injectors. With rising demand for needle-free injectors, key players are introducing new product launches and are aiming for fast track approvals to capitalize on existing opportunities and sustain their position in the industry “says the FMI Analyst.

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Who is Winning?

New product launches and approvals, agreements, and collaborations are some of the key growth strategy adopted by the key players. By focusing on these strategies, key players intend to expand their global presence and strengthen their existing product portfolio.

For instance,

  • In November 2019, Antares Pharma collaborated with Idorsia for the development of a novel self-administered drug-device product.
  • In June 2020, Vitaeris Inc., a biotech company was acquired by CSL Limited. The acquisition was carried out by CSL Limited to achieve the motive of addressing the unmet needs of patients.

The key market players covered by FMI include Pfizer, Inc., Gerresheimer AG, Ferring Pharmaceuticals, CSL Limited (Seqirus UK Limited) and others.

Needle-free injectors Market by Category

By Load:

  • Liquid Injections
  • Powder Injections
  • Projectile Injections

By Technology:

  • Spring-loaded jet injector
  • Battery-powered jet injector
  • Gas-powered jet injector

By Delivery Site:

  • Intra dermal injectors
  • Intramuscular injectors
  • Subcutaneous injectors

By Application:

  • Drug Delivery
  • Vaccines
  • Cosmetic
  • Others

By End User:

  • Home Care Settings
  • Long Term Care Centers

By Region:

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

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Key Questions Answered in the Report

  • How much is the needle-free injectors market worth?

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