Aramid Fiber Market Poised to Reach USD 6.8 Billion by 2033, Growing at 5.5% CAGR

Aramid Fiber Market
Aramid Fiber Market

 

The aramid fiber market, currently valued at USD 4 billion in 2023, is projected to expand significantly, reaching an estimated worth of USD 6.8 billion by 2033. This growth is driven by a compound annual growth rate (CAGR) of 5.5% over the next decade. This increase reflects the rising demand for high-performance, durable, and lightweight materials across various industries, including aerospace, automotive, and defense, which are increasingly utilizing aramid fibers for their exceptional strength and resistance to heat.

Growing remodeling efforts, as well as stringent rules governing workplace security and health in a variety of industries, are expected to boost the United States aramid fiber market opportunities. Such measures are also projected to contribute to the expansion of global aramid fiber adoption trends in Latin American countries.

Aramid fibers are important in sustainable energy usage, especially wind turbine blades. The requirement for durable and lightweight materials grows in tandem with the growth of the renewable energy sector.

The automobile and aerospace sectors in the United States are still looking for lightweight materials to increase fuel efficiency while lowering pollution. Aramid fibers are employed in a variety of components, which contributes to market growth.

Aramid fibers are also employed in the construction industry for purposes such as strengthening concrete. Infrastructure projects in the United States may increase demand for these materials.

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In areas such as aircraft and automotive, the United States maintains high regulatory expectations for safety and quality. Compliance with these criteria is expected to remain a top priority for aramid fiber makers.

There are over 2,300 businesses in the German aerospace industry, most of which are concentrated in northern Germany. As a result, during the predicted period, aramid fiber consumption is expected to rise along with the growth in aircraft production. It is predicted that the market in this country is assumed to expand over the coming years due to the increasing demand from various end-user sectors.

Key Takeaways

  • The United States is predicted to reach US$ 900 million by 2033.
  • Germany’s aramid fiber market size is expected to reach US$ 780 million by the end of this forecast period.
  • China’s aramid fiber market is anticipated to be worth US$ 850 million.
  • China’s market is expected to exhibit a 5.2% CAGR until 2033.
  • The aramid fiber market in Japan is expected to develop significantly, reaching US$ 610 million by 2033.
  • The market for aramid fiber in South Korea is projected to develop at a CAGR of 4.1% from 2023 to 2033.
  • A market valuation of US$ 530 million is anticipated in South Korea at the conclusion of the forecasted period.
  • Based on application, the security and protection category is expected to lead sales and experience a CAGR of 4.8% through 2033.

“The increasing demand for aramid fiber from a wide range of industries, including the petroleum industry, healthcare services, manufacturing, and others, is predicted to fuel the target market’s growth from 2023 to 2033,” says an FMI analyst.

Competitive Landscape

The top companies in the global aramid fiber market are using tactics such as collaboration contracts, technological collaboration, and resource mobilization to strengthen their positions in this industry. Many global aramid fiber firms are likewise aiming to launch products that are both affordable and of high quality to increase market penetration.

  • In June 2022, Teijin Aramid B.V. launched the Woven Matrix concept to allow the creation of different ballistic protection choices. The woven matrix is made from Twaron, the organization’s efficient para-aramid.
  • Taekwang Industry announced a US$ 112 million budget proposal in May 2022 to enhance aromatic polyamide (aramid) production from 1,500 tons per year to 5,000 tons by 2025.

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Top Key Players in the Global Aramid Fiber Market 

  • Teijin Ltd.
  • Yantai Tayho Advanced Materials Co
  • E. I. du Pont de Nemours and Company (DowDuPont)
  • Hyosung & Hyosung Corp.
  • Toray Chemicals South Korea, Inc.
  • Kermel S.A.
  • Kolon Industries, Inc.
  • Huvis Corp.
  • China National Bluestar (Group) Co., Ltd.
  • SRO Aramid (Jiangzu) Co., Ltd.

Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global aramid fiber market presenting a historical analysis from 2018 to 2022 and forecast statistics between 2023 and 2033.

The study reveals essential insights by Product Type (Para-Aramid, Meta-Aramid), Application (Security & Protection, Frictional Materials, Rubber Reinforcement, Optical Fibers, Tire Reinforcement, Electrical Insulation, Aerospace, Others), and Region.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Global Bonded Abrasives Market Projected to Achieve a Steady CAGR of 5% by 2032

Bonded Abrasives Market
Bonded Abrasives Market

 

Over the projected period from 2022 to 2032, the global market for bonded abrasives is expected to grow at an impressive compound annual growth rate (CAGR) of 5%. The use of bonded abrasive materials in construction projects, which include residential, commercial, and infrastructure projects, is expected to grow rapidly, driving up demand for these materials worldwide.

An abrasive is a type of material that when rubbed against a surface, tends to produce the desired surface’s finish and shape. Abrasives are usually such types of minerals that are often available in a huge range of shapes, sizes, and types. The abrasives material or the abrasives products are known to find various applications in various industries such as electrical & electronics, machinery, metal fabrication, and transportation among others.

The bonded abrasives are usually utilized to clean, grind, scour, abrade or remove the solid material usually by using impact or by rubbing action. Abrasives are mainly classified as bonded abrasives, steel abrasives, coated abrasives, rubber bonded abrasive wheels, loose abrasives grain, resin grinding wheel, and raw super abrasives, among other classifications.

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Key Takeaways

  • The rising demands for advanced technology-based pieces of machinery are anticipated to bolster the demand for bonded abrasives market over the projection period. In addition to that, the growing automobile industry is expected to fuel the overall growth of the bonded abrasives market globally.
  • Resin grinding wheels are known to be widely utilized in giving the required surface finish along with the desired design to automobiles. In addition to that, bonded abrasives can either be natural or synthetic abrasive grains that are usually known to get bonded into a solid form. Furthermore, bonded abrasives are usually made of abrasive grains that are closely sized and molded or pressed to produce a wide variety of products.
  • Resin-bonded grinding wheels usually come in the shape of a wheel. The product range of the resin-bonded grinding wheels also comprises the snagging wheel, mounted wheel, grinding and the cut-off wheel, cones, and plugs.
  • Resin grinding wheels are primarily utilized for precision grinding, cutting, rough grinding, lapping, sharpening and light grinding among others. In addition to that, the increasing utilization of vitrified bonded grinding wheels for de-scaling and dust removal will upkeep the overall growth of the bonded abrasives market.
  • The rubber-bonded abrasive wheel helps in the superfinishing of the machine shaft to achieve the required roughness. The resin grinding wheels are used in providing a smooth finish to the various tools and the pieces of machinery that are manufactured.
  • The rubber-bonded abrasive wheel is utilized in the polishing as well as deburring of the boreholes on the machine blocks. Regular maintenance of the workshops further boosts the overall demand for the bonded abrasives market.
  • Vitrified bonded grinding wheels are also widely utilized in the medical sector. Vitrified bonded grinding wheels are used to sharpen dental tools.
  • The bonded abrasives are also utilized for smoothening the edges of the dental tools such that it is extremely convenient for doctors to use the dental tools on patients. The bonded abrasives market segment accounts for the largest share of the global abrasives market.

Competitive Landscape

The dominant players in the global bonded abrasives market are focusing on diversifying their end-use abilities by concentrating on research and development activities. In addition to that, key market players are meticulously working towards mergers and acquisitions to cater to the diverse customer base. Furthermore, technological advancements are making it possible for dominant companies in the global landscape to diversify the application of bonded abrasives which can lead to higher sales over the forecast period.

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Top Key Players

  • 3M
  • Marrose Abrasives
  • Saint-Gobain
  • SAK ABRASIVES LIMITED
  • Carborundum Universal Limited

More Insights into the Bonded Abrasives Market

The Asia Pacific region comprises the largest construction market, followed by India, China, and several Southeast Asian countries. Housing for All by 2022, a program announced by the Indian government, is likely to have a substantial influence on the residential building bonded abrasives market in India throughout the forecast period.

North American region is anticipated to be the largest shareholder in the bonded abrasives market. The growing demand especially in the U.S. is expected to boost the growth of the global bonded abrasives market.

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Thermic Fluid Market Expected to Grow at Over 6.2% CAGR from 2022 to 2032

 

The thermic fluid market is poised for robust growth, with an anticipated compound annual growth rate (CAGR) exceeding 6.2% from 2022 to 2032. This growth trajectory reflects the increasing demand for efficient heat transfer solutions across various industries such as chemicals, oil and gas, food and beverage, and pharmaceuticals. Thermic fluids play a vital role in maintaining optimal temperatures in industrial processes, enhancing operational efficiency, and reducing energy consumption. Factors driving this growth include technological advancements, stringent environmental regulations promoting energy-efficient solutions, and the expanding industrial infrastructure globally.

Market Overview:

  • Thermic fluids are specialized fluids used to transfer heat efficiently in industrial processes. They play a vital role in maintaining optimal temperatures for various applications.
  • The market is driven by the growing demand from industries like chemicals, pharmaceuticals, food & beverage, and renewable energy.
  • Increasing focus on energy efficiency and stringent environmental regulations are fueling the adoption of thermic fluids.

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Strengths

  • Industrial Demand: Thermic fluids play a crucial role in various industries like chemicals, pharmaceuticals, oil & gas, and food & beverage for efficient heat transfer processes.
  • Energy Efficiency: Thermic fluids offer advantages like cost-saving operation compared to traditional methods like steam and electricity, making them an attractive choice.
  • Renewable Energy Integration: The rise of concentrated solar power plants is driving demand for thermic fluids as they are essential components in these systems.

Challenges

  • Fluctuating Oil Prices: Thermic fluids are often derived from petroleum sources, making the market susceptible to crude oil price volatility.
  • Environmental Concerns: There are growing environmental concerns regarding the use of synthetic thermic fluids. Development of biodegradable and sustainable alternatives is crucial for long-term market viability.
  • Stringent Regulations: Stringent regulations on emissions and safety standards can impact the production and use of thermic fluids, requiring manufacturers to adapt their products accordingly.

Regional Scope:

  • The Asia-Pacific region dominates the thermic fluids market due to its booming manufacturing sector, particularly in chemicals and pharmaceuticals.
  • North America and Europe are also significant markets with a strong focus on technological advancements and energy efficiency.
  • Emerging economies like India and China are expected to witness significant growth due to rapid industrialization.

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Top Key Players in the Thermic Fluid Market

  • Solutia Inc. (USA)
  • Dow Chemical’s Co. (USA)
  • ExxonMobil (USA)
  • Shell Corporation (The Netherlands)
  • BP (United Kingdom)

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Benzalkonium Bromide Market Projected to Reach USD 1,943.3 Million by 2033 with a Robust CAGR of 8.2%

Benzalkonium Bromide Market
Benzalkonium Bromide Market

Benzalkonium bromide, or BAC, is a quaternary ammonium compound with excellent antimicrobial properties. It is extensively used as a preservative, disinfectant, and surfactant in pharmaceuticals, cosmetics, agriculture, and personal care products.

The benzalkonium bromide market is projected to reach a valuation of USD 883.6 million in 2023 and is expected to grow to USD 1,943.3 million by 2033, marking a substantial CAGR of 8.2% over the forecast period. This growth is driven by the compound’s extensive use across multiple industries, including pharmaceuticals, personal care, and industrial applications. Benzalkonium bromide’s effectiveness as a disinfectant, preservative, and surfactant makes it highly valuable in products ranging from antiseptics and hand sanitizers to cosmetics and cleaning agents. The rising demand for hygiene products, especially in the wake of global health concerns, further propels the market’s expansion, highlighting its critical role in ensuring safety and cleanliness across various sectors.

The growing demand for these applications across the globe is driving the market for benzalkonium bromide. Rising awareness regarding hygiene and the need for effective antimicrobial solutions in healthcare settings further contribute to market growth. Additionally, the increasing use of benzalkonium bromide in producing sanitizers and disinfectants, especially during the COVID-19 pandemic, has propelled its demand.

With ongoing research and development activities to enhance its efficacy and expand its applications, the benzalkonium bromide market is poised for continued growth in the coming years.

The United States holds a commanding market share in the benzalkonium bromide market, with an expected share of 15.1% in 2022. The country’s well-established healthcare industry, emphasis on hygiene and infection control, and demand for effective sanitizing solutions contribute to its emergence as an opportunistic market.

On the other hand, Germany is expected to reach a share of 8.0% in 2022, driven by its well-developed pharmaceutical and healthcare industries and strict hygiene and infection control regulations.

In the Asia Pacific region, China stands out with an expected growth rate of 7.5% CAGR. China’s strong manufacturing capabilities, growing pharmaceutical and healthcare sectors, and government initiatives to improve healthcare infrastructure and promote hygiene practices contribute to its prominence in the market.

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The industrial grade of benzalkonium bromide is projected to register a value share of 17.4% in 2022. Its wide use in various industrial applications, including water treatment, oil and gas, agriculture, and manufacturing, drives its demand.

The cosmetic industry also plays a significant role, with the coatings industry acquiring a 45.3% share in 2022. Benzalkonium bromide’s effectiveness as a preservative and antimicrobial agent in cosmetics, ensuring product safety and shelf life, makes it a preferred choice for various cosmetic formulations. The increasing demand for cosmetics and personal care products, along with the emphasis on product safety and hygiene, drives its usage in the cosmetic industry.

Recent Developments

Mankind Pharma, an Indian pharmaceutical company, announced a toilet seat sanitizer splash under its current name Safekind. The shower is mostly for women and allows for easy use of unsanitary toilets, particularly when using public restrooms.

Novo Nordisk Pharmatech A/S teamed with DKSH’s Business Unit Performance Materials in 2019 to distribute its quats, which include Benzalkonium Chloride (BKC), Cetrimonium Bromide (CTAB), Cetrimide, and Strong Cetrimide. The chemical distributor planned to distribute these quats to a broad client base in Australia, New Zealand, Japan, Indonesia, South Korea, Thailand, Malaysia, the Philippines, China, Taiwan, and Singapore.

Key Companies Profiled

  • Dishman Carbogen Amcis Limited
  • Henan Kangxing, Taicang Pharmaceutical Factory
  • Luoyang Tianmeng
  • Merck KgA
  • MR Pharma Inc.
  • KLK OLEO
  • PROFARMA-PRODUKT, s.r.o.
  • TCI Ltd.

Extensive Market Research: Complete Benzalkonium Bromide Market Report and Findings

Benzalkonium Bromide Market

By Grade:

  • Pharma Grade
  • Industrial Grade

By Function:

  • Preservative
  • Cationic Surfactant
  • Cosmetic
  • Other

By Application:

  • Personal care
  • Fabric care
  • Pharmaceuticals
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • The Middle East & Africa (MEA)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Global Vertebroplasty Needles Market Set to Skyrocket, Reaching USD 3,173.60 Million by 2032

The global vertebroplasty needles market is poised for remarkable growth, with a valuation of USD 910 million recorded in 2022 and expected to soar to USD 3,173.60 million by 2032. This surge represents a substantial compound annual growth rate (CAGR) of 15.1% during the period 2022 to 2032.

The increasing adoption of vertebroplasty needles can be attributed to several factors. Firstly, the procedure’s minimally invasive nature translates to low-intensity pain, driving demand for vertebroplasty needles. With advancements in healthcare technology ensuring precision and efficiency, more individuals are likely to embrace this innovative solution.

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Moreover, a significant rise in spine-related illnesses globally underscores the growing need for vertebroplasty needles. The aging population, coupled with a surge in geriatric healthcare needs, further propels the demand for treatments involving vertebroplasty needles.

Market players are actively engaged in awareness campaigns to educate consumers about the benefits of vertebroplasty needles. These efforts are anticipated to have a substantial impact on adoption trends, fostering market growth.

Investments in research and development (R&D) are driving the development of highly efficient vertebroplasty needles. Manufacturers are focusing on enhancing dimensional aspects to improve operational efficiency, thereby fueling market expansion.

As the global vertebroplasty needles market continues its upward trajectory, stakeholders are poised to capitalize on emerging opportunities, driving innovation and meeting the evolving healthcare needs of consumers worldwide.

Vertebroplasty Needles Market Drivers and Restraints

Drivers:

  • High Prevalence of Spine Disorders: A large portion of the population suffers from spine problems, creating a significant demand for vertebroplasty needles used in treatments.
  • Growing Use in Spine Anesthesia and Treatment: These needles are increasingly used for spine anesthesia and nerve blockages, further boosting the market.
  • Strong Distribution Networks: Effective distribution channels ensure wider product availability and market penetration for manufacturers.
  • Focus on Efficient Healthcare: Developed countries’ emphasis on efficient healthcare systems fuels the need for advanced medical equipment like vertebroplasty needles.
  • Technological Advancements: New medical procedures for spine diseases, cancers, and targeted drug delivery require these specialized needles.

Restraint:

  • Needle-Free Injection Technology: The development of alternative needle-free injection methods could potentially limit the growth of the vertebroplasty needles market.

Overall, the market for vertebroplasty needles is driven by the high prevalence of spine disorders, increasing use in various procedures, and advancements in medical technology. However, the emergence of needle-free injection systems might pose a challenge in the future.

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Vertebroplasty Needles Market: Key Players

Some of the major players operating in the market for vertebroplasty needles are Stryker, DePuy Synthes Companies, Adroit Manufacturing Co., Möller Medical GmbH ⋅, Surtech Medical Inc, and others. Above manufactures are introducing technologically advanced and innovative vertebroplasty needles with features such as different size, length, shape and diameter to enhance product efficiency and to reduce patient discomfort.

Vertebroplasty Needles Market: Segmentation

The global vertebroplasty market, is segmented on the basis of distribution channel and regional presence.

Segmentation by Distribution Channel:

  • Hospital Pharmacies
  • Private Clinics
  • Retail Pharmacies and Drug Stores
  • E-Commerce

Regional analysis includes:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Global Fire Retardant Fabrics Market Poised for 6% CAGR Growth from 2022 to 2032

Fire Retardant Fabrics Market
Fire Retardant Fabrics Market

By 2032, the market for fire-retardant fabrics is projected to grow to a value of USD 6.27 billion. The demand for flame retardants is predicted to increase with the discovery of new application areas. The global market share of fire retardants was estimated by FMI to be worth USD 3.5 billion in 2022, and it is projected to increase at a compound annual growth rate (CAGR) of 6% from 2022 to 2032.

Industrially, the fire retardant fabrics are produced through the surface treatment of the fabric during the finishing process which in turn impart the flame-retardant property within it. Prevalently, fire retardant fabrics are used in the manufacturing of the protective wears.

Also, fire retardant fabrics find their application in the production of curtains, drapes, health care fabrics, tents, tarps, and military applications, among others. Generally, the Fire Retardant Fabrics are produced by incorporation of the fire resistance additives with man-made fibers or through synthesis of fire resistance copolymer with the fabric polymers.

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Fire Retardant Fabrics Market: Regional Outlook

Along with this, significant growth of the manufacturing sector in developing and developed countries have resulted in rising demand for Fire Retardant Fabrics in several application such as filtration, upholstery, and covering, among others. In terms of demand, the U.S. and EU-5 countries are a prominent markets for fire retardant fabrics.

This is mainly attributed to increasing disposable income, stringent safety norms, the steady growth of the manufacturing sector, growth of the furniture industry and rising housing sectors, among others. Additionally, the quality of the fabric & ergonomics plays a decisive role in the selection.

Thus, North America, followed by Europe fire retardant fabrics market is expected to register steady CAGR over the forecast period. Moreover, recent amendments in the safety norms and regulation in China have led to drive demand for fire retardant fabrics market.

In the Asia Pacific region, China, ASEAN countries and India are expected to be a lucrative market for fire retardant fabrics. The construction and manufacturing sector in India are considered as one of the pillars of the Indian economy.

According to the report published by WTTC, the construction sector in India contributed around 13% to the economy in 2016 and is expected to grow at a decent pace in the coming years. Thus, this significant growth of the manufacturing sector, the demand for fire retardant fabrics market is expected to register healthy growth over the forecast period.

Fire Retardant Fabrics Market: Key Players

Some of the key players identified across the value chains of global fire retardant fabric market are listed below;

  • DowDuPont Inc.
  • AMERICAN & EFIRD LLC
  • Apex Mills Corporation
  • AUBURN MANUFACTURING, INC
  • BGF INDUSTRIES INC
  • Emtexglobal USA
  • Forceprotector Gear, LLC
  • Gehring-Tricot Corporation
  • Industrial Stitchtech, Inc.
  • JB MARTIN COMPANY
  • Lanz-Anliker AG
  • NEWTEX INDUSTRIES INC.
  • Precision Fabrics Group, Inc
  • Rivertex Technical Fabrics Group

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Key Segments Profiled in the Fire Retardant Fabrics Market Survey

By Base Material Type:

  • Cotton
  • Nylon
  • Aramid
  • Polyesters
  • Others

By Application:

  • Protective Wear
  • Upholstery
  • Tents and Coverings
  • Curtains and Drapes
  • Others

By Processing Method:

  • Woven
  • Non-woven
  • Knitted
  • Others

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Future Market Insights Inc.
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Website: https://www.futuremarketinsights.com
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Global Alexipharmic Drug Market Set to Reach USD 6.50 Billion by 2034, Driven by Rising Opioid Abuse and Increased Demand

The escalating opioid crisis has intensified the need for effective alexipharmic drugs, leading to significant growth in the global market. Valued at an impressive USD 3.80 billion in 2024, the global alexipharmic drug market is projected to reach USD 6.50 billion by 2034, expanding at a compound annual growth rate (CAGR) of 5.40%.

The legalization of prescription opioids has unfortunately resulted in a surge in opioid abuse worldwide. According to recent reports, this increase in abuse has directly influenced the rising demand for alexipharmic drugs, which are crucial in counteracting the effects of opioid overdoses and poisonings.

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Governments worldwide have started taking positive steps to combat the opioid crisis. For instance, the United Kingdom government has launched a comprehensive strategy to tackle the opioid epidemic and reduce the stigma associated with drug addiction.  These steps will help to shape the future of the alexipharmic drug market, making it more accessible to those in need.

“Key players in the alexipharmic drug market are collaborating with government and non-government organizations to spread awareness regarding the use of these drugs in case of opioid over abuse. This has not only increased brand awareness but also highlighted the importance of responsible medication usage ”, opines an FMI analyst.

Key Takeaways from the Market Study:

  • The opioid overdose segment dominates the alexipharmic drug market with an expected share of 39% in 2024.
  • Based on the distribution channels, the hospital pharmacies segment leads the alexipharmic drug market with an anticipated share of 42% in 2024.
  • The market in South Korea is anticipated to grow at a CAGR of 8.00% through 2034.
  • The market in Japan is estimated to rise at a 7.10% CAGR through 2034.
  • The market in the United Kingdom has the potential to increase at a 6.70% CAGR through 2034.
  • The market in China is predicted to rise at a 6.30% CAGR through 2034.
  • The market in the United States is in line to grow at a CAGR of 5.70% through 2034.

Competitive Landscape:

The alexipharmic drugs industry has numerous companies competing for global market dominance.

  • These companies have been operating in the pharmaceutical industry for a long time and have expanded their market reach beyond national borders.
  • The market has benefited from the growth of online medicine platforms, telemedicine, and last-mile delivery services in developed and developing countries.
  • Prominent companies in the market include Alkermes, Inc., B. Braun Melsungen AG, Bausch Health Companies Inc., Emergent BioSolutions, and Ethypharm S. A.

Recent Developments:

  • Novo Nordisk acquired Alkermes’s Irish plant in Athlone for $92.5m on December 14, 2023.
  • Rockwell Medical announced a 3-year co-promotional collaboration with B. Braun Medical on June 29, 2023.
  • Emergent BioSolutions expanded access to OTC naloxone on March 28, 2024, distributing 22 million doses.
  • Ethypharm acquired Altan Pharma on June 18, 2021, expanding into the Spanish market.
  • Emergent BioSolutions extended the shelf life of naloxone nasal spray on January 23, 2024, approved by FDA for OTC use in spring 2023.

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Key Companies:

  • Alkermes, Inc.
  • B. Braun Melsungen AG
  • Bausch Health Companies Inc.
  • Emergent BioSolutions
  • Ethypharm S.A.

Key Segments of the Alexipharmic Drug Industry:

By Application:

  • Alcoholic Overdose
  • Opioid Overdose
  • Benzodiazepine Overdose
  • Others

By Distribution Channel:

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies
  • Others

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global 2-Hexyldecanol Market to Reach USD 111 Billion by 2032, Driven by Cosmetic Industry Growth

 

The global 2-hexyldecanol market, valued at USD 75 billion in 2022, is poised for significant growth, projected to reach USD 111 billion by 2032. This anticipated expansion, driven by a CAGR of 4% over the forecast period, is largely attributed to increasing demand in the cosmetics industry. As more low-income countries experience growth in their cosmetics sectors, the demand for 2-hexyldecanol, a key ingredient in many personal care products, is expected to rise.

This upward trend in the 2-hexyldecanol market reflects broader economic shifts and increasing consumer spending on personal care in emerging economies. The versatile nature of 2-hexyldecanol, which is used for its emollient and conditioning properties, makes it a valuable component in various formulations, thereby fueling its market demand. With the cosmetics industry expanding globally, particularly in developing regions, the market for 2-hexyldecanol is set to experience robust growth in the coming decade.

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Key Driving Factors:

  1. Surging Demand in End-Use Industries:
    • 2-Hexyldecanol finds extensive applications in industries such as cosmetics, pharmaceuticals, and personal care products. The increasing demand for these end-use products contributes significantly to the growth of the 2-hexyldecanol market.
  2. Cosmetic and Personal Care Industry Expansion:
    • The cosmetic and personal care industry is a major consumer of 2-hexyldecanol. The compound is valued for its emollient properties, enhancing the texture and feel of cosmetic formulations. As the global population becomes more conscious of personal grooming and appearance, the demand for cosmetics and personal care products continues to rise.
  3. Pharmaceutical Applications:
    • 2-Hexyldecanol serves as an essential ingredient in certain pharmaceutical formulations. Its utility in drug delivery systems and topical formulations contributes to its increased adoption in the pharmaceutical industry. As healthcare needs grow worldwide, the demand for pharmaceuticals is expected to rise, positively impacting the 2-Hexyldecanol market.
  4. Growth in Emerging Economies:
    • Emerging economies are witnessing rapid industrialization and urbanization, leading to an increased demand for consumer goods, cosmetics, and pharmaceuticals. The 2-hexyldecanol market benefits from this trend as manufacturers cater to the rising needs of these expanding markets.
  5. Research and Development Initiatives:
    • Ongoing research and development activities focus on exploring new applications and improving the production processes of 2-hexyldecanol. Innovations in formulations and applications are likely to open up new avenues for market growth.
  6. Stringent Regulatory Environment:
    • Stringent regulations in the cosmetic, personal care, and pharmaceutical industries regarding the use of safe and effective ingredients have boosted the demand for high-quality compounds like 2-hexyldecanol. Compliance with these regulations ensures a steady market for the compound.

Key Companies Profiled in the 2-Hexyldecanol Market

  • BASF SE
  • Sasol Ltd
  • Kisco Ltd
  • New Japan Chemical Co., Ltd
  • DowPol Corporation
  • Jarchem Industries Inc
  • TCI AMERICA
  • Merck KGaA

Complete Market Review: A Full Report Analysis

Key Segments Profiled in the 2-Hexyldecanol Market 

By Grade:

  • Technical Grade
  • Pharma Grade

By Function:

  • Solvent
  • Emulsifier
  • Solubilizer
  • Others

By End Use:

  • Personal Care & Cosmetics
  • Pharmaceuticals
  • Polymer & plastics
  • Dyes
  • Others

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Gigabit Passive Optical Network Market to be Worth USD 11,688.9 Million by 2033: Future Market Insights, Inc.

The global gigabit passive optical network (GPON) market size is anticipated to surpass a valuation of USD 6,821.7 million in 2023. It is anticipated to hit a valuation of USD 11,688.9 million by 2033. The market is poised to record a modest CAGR of 5.5% from 2023 to 2033.

Manufacturers of GPON equipment are providing contemporary OLTs as a way to enhance network infrastructure. All of these elements are promoting OLT growth in the GPON market. The demand for fiber optic signal conversion to PON frequencies and frames has further fueled OLT market expansion.

The need for OLTs in the GPON market has increased as a result of the rise in data, voice, and video traffic streaming over international networks. Since OLTs can reduce network costs and simplify the infrastructure without sacrificing performance, they are anticipated to have a substantial influence on GPON industry growth.

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The market expansion of the optical network terminal (OLT) has been influenced by the expanding necessity to manage the information flow across optical distribution networks in both directions. The global deployment of fiber-optic network access by OLTs has fueled growth in the GPONs industry.

Key Takeaways from the Gigabit Passive Optical Network Market

  • In 2018, the global GPON market size stood at US$ 5,732.6 million.
  • The market size recorded US$ 6,565.6 million in 2022.
  • The market developed at a CAGR of 3.4% from 2018 to 2022.
  • In 2022, the optical line terminal segment by component accounted for 56.6% of the share in the global market.
  • In 2022, the telecommunications segment by vertical garnered 20.4% market share.
  • In 2022, the United States accounted for 16.7% of the share in the global market.
  • In 2022, the United Kingdom market captured a 4.3% share of the global market.
  • In 2022, China held a 3.7% share of the global GPON market.
  • In 2022, Japan held 5.8% market shares globally.

Leading Key Players:

  • Huawei
  • Cisco
  • ZTE
  • Nokia
  • Calix
  • FiberHome
  • DASAN Zhone
  • Allied Telesis
  • ADTRAN
  • Iskratel
  • Alphion
  • Unizyx
  • Others

Recent Developments in Gigabit Passive Optical Network (GPON) Market:

  • To offer consumers and companies throughout the world high-speed symmetrical 10G services, Calix, Inc. has announced that over 225 broadband service providers (BSPs) are actively establishing Calix XGS-PON networks. With the Intelligent Access EDGE based on the AXOS® Network Innovation Platform, BSPs can now streamline the management of their networks and speed up the deployment of fiber. With Calix Operations Cloud, BSPs may automate operations and anticipate maintenance needs in addition to real-time network health monitoring and machine learning.
  • AirFiber Networks’ fiber extension was powered by Nokia’s GPON technology in May 2021. This business upgraded its network and introduced high-speed data services with the aid of a broadband solution to better serve its clients. Within a year, AirFiber Network expects to be able to provide broadband services to 100,000 users in India by putting the solution into practice.
  • Global Connect purchased fiber-based single-dwelling unit (SDU) assets from Telenor Sweden and its wholesale business Open Universe in November 2021. A total of 14,000 houses on Telenor’s SDU fiber network and about 200,000 linked homes on Open Universe’s platform are expected to be acquired by Telenor Sweden as part of the deal. GlobalConnect wants to leverage the deal to bridge Sweden’s digital gap.

A Full Report Analysis:
https://www.futuremarketinsights.com/reports/gigabit-passive-optical-network-market

GPON Market Segmentation:

By Component:

  • Optical Line Terminal
  • Optical Network Terminal

By Technology:

  • 2.5G Pon
  • XG-Pon
  • XGS-Pon
  • NG-PON2

By Application:

  • Fiber to the Home (FTTH)
  • Fiber to the Building (FTTB)
  • Fiber to the Curb (FTTC)
  • Fiber to the Node (FTTN)
  • Mobile Backhaul

By Vertical:

  • Transportation
  • Telecommunications
  • Healthcare
  • Energy & Utilities
  • Residential (MTU)
  • Commercial Industries

By Services:

  • Fixed Internet and Voice
  • Internet Protocol TV (IPTV)
  • Mobile Voice and Internet

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • The Middle East & Africa (MEA)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Progesterone Market Set for Remarkable Growth: Projected to Reach USD 4.80 Billion by 2034

 The global progesterone market is poised for significant expansion over the next decade, according to extensive research. Projected to grow at a healthy Compound Annual Growth Rate (CAGR) of 12.30% from 2024 to 2034, the market is anticipated to rise from its preliminary valuation of USD 1.50 billion in 2024 to an impressive USD 4.80 billion by 2034.

The surge in the progesterone market is driven by the increasing prevalence of critical health conditions such as breast cancer, AIDS, and amenorrhea. Progesterone’s pivotal role in treating these issues is a key factor contributing to the market’s upward trajectory. Researchers have highlighted the efficacy of progesterone, especially when combined with estradiol, in regulating various medical disorders, including human immunodeficiency virus (HIV).

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According to the World Health Organization reports in 2021, around 38.4 million people were infected with HIV. For breast cancer treatment, hormone therapy is constrained to cases that show the prevalence of receptors for progesterone and estrogen.

The progesterone and estrogen market envisions higher growth opportunities because of the surging investments and the research and development practices of private research establishments and government institutions to reveal better usages of hormone therapy. There are diverse ongoing investigations to evaluate the influence of progesterone in postmenopausal women.

The progesterone industry witnesses growth constraints because of the side effects encountered after its treatment. Some prevalent side effects are weight fluctuations, increased face and body hair, headache, persistent breast tenderness, and baldness. Though these symptoms do not seem grave, yet they can become serious if the progesterone treatment is not done in a disciplined and experienced environment.

Regional Outlook:

North America is slated to garner a considerable share of the progesterone market, because of the amplifying resilience of modern treatments. A catalyst to the growth is the foresighted approach of progesterone vendors, who are undertaking joint efforts to strengthen their research and development abilities. This strategy is in response to the escalating demand for progesterone, which is spurred by the high disease burden, such as rising cases of kidney, and breast cancer and a soaring population of menopausal women.

“The progesterone demand is slated to witness growth owing to spurring demand from health protection sectors worldwide. Factors like soaring consciousness of women’s health and development in pharmaceuticals strengthen progesterone market expansion.”, says an FMI analyst.

Key Takeaways:

  • The natural segment in the formulation category is set to grab a share of 62.00% in 2024.
  • In the route of administration category, the injectable segment is set to acquire a market share of 38.20% in 2024.
  • The United States progesterone industry implies augmentation at a CAGR of 12.60% between 2024 and 2034.
  • The United Kingdom progesterone market indicates a CAGR of 13.70% through 2034.
  • Chinese market infers a CAGR of 13.20% through 2034.
  • Japan’s sale of progesterone indicates a CAGR of 14.10% through 2034.
  • South Korean progesterone market reflects expansion between 2024 and 2034 at a CAGR of 14.70%.

Competitive Landscape:

Prominent progesterone vendors are striving to dominate the market. The industry is set to experience a considerable upsurge in integrated progesterone companies and an amplified presence for regional brands, booming their market share. The progesterone providers adopt novel technologies, research and development, and expansions to augment their position.

Latest Evolutions:

  • In September 2022, the Scottish Medicines Consortium commenced the usage of BIJUVE (1mg Estradiol/100mg Progesterone) across the NHS. Theramex’s Bijuve® is the first body-identical hormone replacement therapy (HRT) signified for estrogen insufficiency traits in postmenopausal women.
  • In May 2023, the FDA sanctioned Veozah, a drug made to curb symptoms like flushing and sweating undergone by women with low estrogen levels.

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Key Market Players:

  • Alkem Laboratories Ltd
  • Aquatic Group
  • Bionpharma Inc.
  • Cadila Pharmaceuticals
  • Cipla Inc.

Key Segments:

By Formulation:

  • Natural
  • Synthetic

By Route of Administration:

  • Injectable
  • Oral
  • Transdermal
  • Other

By Application:

  • Menopause
  • Contraception
  • Dysfunctional Uterine Bleeding
  • Hyperplastic Precursor Lesions
  • Endometrial Cancer
  • Other

By Drug Type:

  • Branded
  • Generic

By Type:

  • Prescription
  • OTC

By Distribution Channel:

  • Hospital Pharmacy
  • Retail Pharmacy
  • Online Pharmacy

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube