Market Research Blog – Page 15715 – New Product Development

Medical Grade Coatings Market will expand at a CAGR of 6.7% during the forecast period of 2021-2031

The growing demand for medical equipment and expansion of the medical devices sector in various regions have been creating opportunities for the growth of the medical grade coatings market. As per a study by Future Market Insights, the medical grade coatings market will expand at a CAGR of 6.7% during the forecast period of 2021-2031. As per the report, among materials used, the demand for polytetrafluoroethylene or PTFE is considerably high. PTFE materials have wider applications in coating and are used in hydrophobic, anti-microbial, and other coatings. It is expected to account for nearly 33% of medical grade coatings manufactured in 2021 in terms of value.

Regionally, North America and Europe will remain key markets. Of these, North America is expected to remain dominant. The presence of a well-developed healthcare infrastructure will continue supporting growth in these regions.

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Key Takeaways of Global Medical Grade Coatings Market Study

Medical grade coatings market is expected to surpass US$ 6.68 Bn in 2021
The U.S. will emerge dominant, accounting for nearly 85% of sales in North America. Thanks to increasing focus on healthcare research, the U.S. will continue spearheading growth in the region
The U.K. will exhibit 5.4% y-o-y growth in 2021, driven by increasing healthcare spending
Germany and France will remain attractive pockets for sales within Europe
China will remain the leading market for medical grade coatings in East Asia, followed by Japan and South Korea.

“Growing demand from medical sector is expected to drive the medical grade coatings sales. While developed countries will continue exhibiting demand, stagnancy in certain pockets will compel market players to explore options in emerging economies. Considering the presence of unmet medical needs and increasing focus on expansion of healthcare sector, medical grade coatings manufacturers will find conducive environment for growth in emerging nations,” says an FMI analyst.

The global medical grade coatings market is anticipated to grow substantially owing to the development in the medical as well as health-care sector and increasing investment in innovation and development of medical devices and equipment. Outbreak of COVID-19 has significantly impacted the global medical grade coatings market. The rising demand for various medical equipment and devices to offer efficient care to a mounting number of patients created prospects for medical grade coatings sales.

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Who is Winning?

The global medical grade coatings market has been identified as a significantly fragmented market. The Tier 1 manufacturers account for maximum share in the global market. Some of the leading players included in the report are DuPont, Koninklijke DSM NV, SurModics, Inc., Speciality Coating Systems Inc. Precision Coating Co. Inc., Biocoat Inc., Covalon Technologies Ltd., Harland Medical Systems Inc., Hydromer Inc., Medicoat, Inc. Aculon Inc., and AST Products Inc the manufacturers across the globe are anticipated to create tough competitive environment on the global level.

Medical Grade Coatings Market by category

Material

PTFE
PVDF
Silicone
Parylene
Metals
Others

Application

General Surgery
Cardiovascular
Orthopedics
Neurology
Gynecology
Dentistry
Others

Type

Hydrophilic
Hydrophobic
Anti-Microbial
Drug Eluting
Others

Region

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

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Want to Know More?

Future Market Insights has published a market research report on the Global Calcite Market that contains global industry analysis of 2016–2020 and opportunity assessment for 2021–2031. The report provides in depth analysis of the Global Calcite Market through different segments, namely by type, by size, application and region. The Global Calcite Market report also provides supply and demand trends, along with an overview of the parent market.

Battery Operated Lights Market Trends 2022 | Segmentation, Outlook, Industry Report to 2029

This Battery Operated Lights market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Battery Operated Lights market.

Battery operated lights are the efficient option of lighting that do not need direct wiring. Battery operated lights often considered as energy efficient lights with simple installation and set-up process. These lights can be used inside home to illuminate or can be used in stairs or outside area of the house. There is also significant usage can be seen in commercial places or shops. These lights are portable, easy to install at any place which is the primary reason for its popularity. Battery operated lights also used as permanent and temporary lighting. Some battery operated lights which are fixed or mounted on wall or ceiling are permanent and lights are used as seasonal or festive lights which are temporary lights. The demand for battery operated lights are growing due to its energy efficiency, portability and easy installation. Technological advancement in lighting sector also helps in demand generation for battery operated lights. These lights can be used in home, office, car, camper etc. LED lights are primarily used in most cases for battery operated lights. The wireless battery operated lights are now in trend and attracts the attention of consumers in the lighting category. Growing demand for wireless technology has also give a boost to the wireless battery operated light segment.

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Battery Operated Lights Market: Regional Outlook

The battery operated lights market is expected to perform a steady growth across all the geographies during the forecast period. Use in residential and commercial segments are likely to push the sales of battery operated lights market. Moreover, availability on e-commerce sites also drive the sale of battery operated lights. North America and Europe holds a significant share of battery operated lights market due to better technology infrastructure, growing awareness about energy efficiency, government’s initiative and incentive schemes drive the battery operated lights market in developed regions. Government’s offer on incentives and rebate scheme on replacement of traditional lamps with LED products further boost the battery operated lights market. The federal government of United Sates offers this number of incentives and government rebates while Europe has also taken initiative as Europe 2020 plan as European Union’s energy policy. Emerging countries such as China, India have larger population in comparison to other countries. China’s Elcoma visison 2020 and India’s UJALA scheme are the initiatives taken in this way. These initiatives or approaches to promote LED lighting further boost the battery operated lights market.

Battery Operated Lights Market: Key Players

Some of the key players operating in the global battery operated lights market Philips, General Electric, QTOP USA, MR Beams, BelloLite, American Lighting, Inc., Lighting EVER (Home EVER Inc.), S4Lights, and Others

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Battery Operated Lights Market: Market Segmentation

The battery operated lights market is segmented into different parts based on the technology, product price, end use, and sales channel.

On the basis of technology, the global battery operated lights market has been segmented as –

Fluorescent
Incandescent
LED

On the basis of pricing, the global battery operated lights market has been segmented as –

High Range
Mid-Range
Economical

Based on end use, the global battery operated lights market is segmented into:

Residential
Commercial

On the basis of the sales channel, the global battery operated lights market has been segmented as –

Direct
Indirect
Hypermarket/Supermarket
Specialty Stores
Independent Small Stores
Multi-Brand Stores
Online

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About Future Market Insights (FMI)

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

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

Disposable Electric Toothbrushes Market: Key Players, Applications, Outlook, SWOT Analysis And Forecasts By 2029

Toothbrushes are designed to remove dental plaque without damaging the hard and soft tissues of the teeth and gums. Toothbrushes have been continuously evolving since their inception and promoting dental health.

In the modern days, toothbrushes are better equipped with technology that makes them more efficient. The world is considering the usage of electric toothbrushes for efficient dental care and there is one advanced product which is disposable electric toothbrush. The development of gingivitis is a primary concern as it results in the formation of plaque. Disposable electric toothbrush is more beneficial as compared to manual brushes as it is integrated with superior technologies, such as rotation oscillation or sonic, to remove plaque. The ease of use of disposable electric toothbrush also makes it a smarter choice over manual toothbrushes despite its higher price. Health-conscious people prefer disposable electric toothbrush over a regular toothbrush. Moreover, people suffering from arthritis or similar medical conditions find it less painful. The hi-tech features of an electric toothbrush include several brushing modes that are specialized for whitening, sensitive teeth, etc., pressure signals when brushing too hard, digital reminders for replacing brush heads, etc.

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Disposable Electric Toothbrushes Market: Regional Outlook

Consumers from all the geographies are shifting towards the advanced technological products and due to which there will be a healthy growth of disposable electric toothbrushes market.

The disposable electric toothbrush market is expected to register a healthy growth across all the geographies during the forecast period. The health and hygiene and wellness industries across the globe likely to push market for disposable electric toothbrush market. The East Asia represents a considerably high market share for disposable electric toothbrush, and the disposable electric toothbrush market is expected to grow at a significantly high growth rate due increasing awareness about the oral health. China and India’s developing market is expected to have a positive impact on the growth of the disposable electric toothbrush market.

Disposable Electric Toothbrushes Market: Key Players

Some of the major players in the disposable electric toothbrushes market are Arm & Hammer, The Proctor and Gamble, Colgate Palmolive Company, and others.

The research report presents a comprehensive assessment of the Disposable Electric Toothbrushes market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also includes projections using a suitable set of assumptions and methodologies for Disposable Electric Toothbrushes market. The research report of Disposable Electric Toothbrushes provides analysis and information according to market segments such as geographies, product type, nature, and application.

The Disposable Electric Toothbrushes regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico, Brazil, Argentina, Chile, Peru)
Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
South Asia (India, Thailand, Indonesia, Malaysia, Rest of South Asia)
East Asia (China, Japan, South Korea)
Oceania (Australia & New Zealand)
Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

The Disposable Electric Toothbrushes 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 for Disposable Electric Toothbrushes provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The Disposable Electric Toothbrushes market report also maps the qualitative impact of various market factors on market segments and geographies.

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Disposable Electric Toothbrushes Market: Market Segmentation

The disposable electric toothbrushes market is segmented into different parts based on the end user, sales channel and Geography.

Based on bristle type, the disposable electric toothbrushes market is segmented into:

Ultra-Soft
Soft
Medium

Based on end user, the disposable electric toothbrushes market is segmented into:

Adults
Kids

Based on Sales Channel, the Disposable Electric Toothbrushes market is segmented into:

Hypermarkets/Supermarkets
Specialty Stores
Drug Stores & Pharmacies
Independent Departmental Stores
Convenience Stores
Online Retailers
Other Sales Channel

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Furan Resin Market: Worldwide Industry Analysis and New Opportunities Explored By 2027

Furan resins are categoried under heterocyclic organic compounds having one oxygen atom and four carbon atoms connected to each other in an aromatic ring-shaped structure. Furan resins are generally soluble in commercially available organic solvents, such as ether, acetone and alcohols. They are generally colourless, flammable and volatile in nature with a boiling point equivalent to room temperature. These resins harden when heated. The hardening process can be accelerated if heating is done in the presence of an acid catalyst. Furan resins are characterized by high resistance to alkali, acids, chemicals and heat. Moreover, these furan resins impart exceptional mechanical strength to the end product. Commercially, there are four types of furan resins available in the market, namely furfuryl alcohol resin, furfural resin, bran ketone resin and branone formaldehyde resin. Raw material for furan resins namely furfuryl alcohol, is processed from corn cobs, sugarcane bagasse, oats, and wheat bran among others.

Furfuryl alcohol finds application in aerospace industry as a hypergolic fuel, which shows a characteristic of rapid ignition in the presence of fuming nitric acid. It also finds application as a raw material in the synthesis of specialty chemicals that find adoption in different applications. Furan resins find adoption on a large scale in applications, such as the foundry industry, synthesis of adhesives and sealants, formulation of plastics and the automotive industry, to name a few. Furan resins are also used as raw materials in the synthesis of polymer mortars and polymer concretes, which exhibit a high level of mechanical strength and increased corrosion resistance. This concrete is further used in the construction of chemical plants and in chemical equipment as a refractory lining. Furthermore, furan resins are also used as binders in the manufacturing of glass plastics with exceptional hardness.

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Furan Resin Market: Region-wise Outlook

The global furan resin market is segmented into the seven key regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). As of 2016, in North America, growth is driven by the viability of raw materials and increase in demand from construction industries. Furan resin market in Japan is expected to show relatively slow-moderate growth in terms of consumption. APEJ and Latin America regions will also register rapid growth due to the increasing demand for furan resins with the increase in application in plastics and resin formulations. Additionally, proximity to raw material within the region is expected to fuel the growth in demand for furan resins. Growth in the chemical industry, especially in emerging economies, such as China, South Korea and India is expected to be witnessed over the forecast period. Europe is anticipated to witness steady growth in consumption of furan resins, owing to growth in consumption across a variety of applications and increasing preference for ecofriendly products based on furan resins. MEA region is also projected to expand with a significant CAGR over the forecast period.

Furan Resin Market: Market Participants

Examples of some of the market participants in the global Furan Resin Market identified across the value chain include:

The Chemical Company
Nova Molecular technologies
DynaChem Inc.
The Chemical Company
Hongye Chemical Co. Ltd
Penn A Kem LLC.
Continetal Industries Group Inc.
Shenzhen Shu Hang Industrial Development Co. Ltd.
NeuChem Inc.
SweetLake Chemical Ltd.
Novasynorganics
Sweet Lake Chemical Ltd.
International Process Plants

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

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Furan Resin Market: Segmentation

On the basis of type, the furan resin market can be segmented as:

Furfuryl Alchol Resin
Furfural Resin
Bran Ketone Resin
Branone Formaldehyde Resin

On the basis of application, the furan resin market can be segmented as:

Paints & Plastics
Foundry Industry
Automotive
Adhesives & Sealants
Others

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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.

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Borosilicate Glass Market Current Scenario Trends, Comprehensive Analysis and Regional Forecast to 2028

Borosilicate glass is a type of glass in which silica and boron trioxide are the main constituents in the formulation of glass. Borosilicate glass contains eighty one percent silica, twelve percent boric oxide, five percent soda and two percent alumina.

Borosilicate glass is manufactured by melting & combining silica sand, boric oxide, alumina and soda ash. The process of manufacturing depends upon the product geometry. Borosilicate glass has various properties, which include low thermal expansion coefficient, high thermal resistance, high chemical corrosion resistance, high mechanical strength and low gas melting temperature, among others. Owing to these diverse properties, borosilicate glass has a variety of applications ranging from cookware to laboratory equipment. In addition, borosilicate glass is widely used in medical implantable devices as well as electronic devices.

Borosilicate glass is also used in solar panels and in rear windshields in certain automotive vehicles. Borosilicate glass is manufactured under several trade names, which include Pyrex, Borosil, Supermax, Endural, etc. Despite high thermal resistance, borosilicate glass can be cracked due to sudden or uneven temperature variations. Moreover, borosilicate glass cannot be heated with strong alkaline solutions or phosphoric acid, and these are some of the drawbacks associated with the usage of borosilicate glass.

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Borosilicate Glass Market: Regional Outlook

Rapid growth of population, along with increasing urbanisation and rise in disposable income, has increased the consumption of consumer & home appliances in the Asia Pacific region. In addition, the growth of the electronic and semiconductor industries in countries, such as South Korea, Japan, China and Taiwan, has also boosted the borosilicate glass market in the region. Moreover, government initiatives for the development of solar power stations in countries such as China & India have also contributed to market growth. Owing to the above-mentioned factors, Asia Pacific is estimated to be a prominent market for borosilicate glass.

Despite being mature economies, regions such as North America and Western Europe will be promising markets for borosilicate glass due to its increasing adoption for various applications. The implementation of solar power projects, along with increasing urbanisation and rising spending capacity, is expected to make Latin America a lucrative potential market for borosilicate glass. The Middle East and Africa is expected to collectively become a strong market for borosilicate glass owing to its increasing demand for various end-use applications.

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Borosilicate Glass Market: Key Participants

Examples of some of the market participants operating in the global borosilicate glass market are:

Corning Incorporated, AGC Inc., SCHOTT AG, GVB GmbH, Hangzhou AiJia‘s glass Products Co., Ltd., Swift Glass, Borosil Glass Works Ltd., Hilgenberg GmbH, Gerresheimer AG, Noble Glass Works Pvt. Ltd. and Kavalierglass of North America, Inc.

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

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Borosilicate Glass Market: Segmentation

The global borosilicate glass market can be segmented on the basis of type and end-use industry.

The global borosilicate glass market is segmented on the basis of type as:

Non-alkaline-earth borosilicate glass
Alkaline-earth-containing borosilicate glass
High-borate borosilicate glass

The global borosilicate glass market is segmented on the basis of end-use industry as:

Laboratories & Pharmaceuticals
Electronics & Semiconductor
Lighting
Home & Commercial Appliances
Automotive

The borosilicate glass market 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 Borosilicate glass market attractiveness as per segments. The report also maps the qualitative impact of various market factors on the borosilicate glass market segments and geographies.

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Polycarboxylate Ether Market Size, Top Key Players, Latest Trends, Regional Insights and Global Industry Dynamics By 2028

The growing construction industry in developing regions such as MEA, Asia Pacific and Latin America is expected to fuel the growth of concrete admixtures as well as polycarboxylate ethers across the globe. Countries in MEA and Asia Pacific are focussing on increasing their construction spending and infrastructure over the forecast period.

The increasing number of infrastructure and housing projects, and enhancement of public transportation facilities, including roadways and railways, are anticipated to result in investments towards road and tunnelling development projects across India, Brazil, and Mexico, among others.

However, the dearth of awareness pertaining to the utilization of construction chemicals is one of the major factors which is expected to restrain the demand for polycarboxylate ether in the near future. Construction chemicals (concrete admixtures, etc.) are specialty chemicals that require relatively higher precision while usage. The addition of the proper amount of product and proper method of application are important factors that determine their effectiveness.

Reduction in water usage and time of construction is are major concerns of contractors and manufacturers, that could be correctly addressed by making effective use of concrete admixtures. Further, prominent manufacturers of polycarboxylate ether are found to be involved in the improvement of construction quality activities.

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Global Polycarboxylate Ether Market: Regional Outlook

Considering regions, the global polycarboxylate ether market is expected to be dominate by the Asia Pacific region, owing to the growing demand for concrete-based products, supported by escalating construction industry growth in developing countries such as India and China. Middle East & Africa, spearheaded by GCC Countries, is expected to show significant growth opportunities in the polycarboxylate ether market, owing to the rising demand from new construction. The polycarboxylate ether markets in North America and Europe are expected to grow at moderate rates over the near future. The polycarboxylate ether market in Latin America is expected to grow at an above-moderate rate over the forecast period.

Global Polycarboxylate Ether Market: Market Participants

Examples of some of the market participants involved in the global polycarboxylate ether market include Arkema, BASF SE, Finnsementti Oy, Sintez Kimya, KG Chemical Corporation, KZJ New Materials Group Co., Ltd., Himadri Speciality Chemical Ltd., Ruia Chemicals Pvt. Ltd., Sakshi Chem Sciences Pvt. Ltd., B & B Specialities (India) Pvt. Ltd., ASP Chemisch, CICO Technologies Limited, and others.

The global polycarboxylate ether market is found to be one of the most consolidated in nature, owing the presence of a limited number of players in the market.

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Global Polycarboxylate Ether Market: Segmentation

Globally, the polycarboxylate ether market has been segmented on the basis of product form, grade, and application.

Based on product form, the global polycarboxylate ether market has been segmented into:

Solids
Liquids

Based on grade, the global polycarboxylate ether market has been segmented into:

Technical
Industrial

Based on application, the global polycarboxylate ether market has been segmented into:

Concrete Admixtures
Precast Concrete
Others

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Ceramic Insulator Market 2022 Size, Growth Analysis Report, Forecast to 2027

The ceramic insulator market offers a product line, which is significantly useful in electrical insulation and high temperature and high voltage work environments worldwide. Depending on the applications, ceramic insulators are used in different fields, such as refractory industries and foundries and process industries, among others. A ceramic insulator is generally designed and merchandised with popular natural raw materials, namely porcelain and kaolinite that possess excellent properties of resistance to high temperature and heat.

The ceramic insulator market offers products in different shapes and designs depending on the methodology and application. Thus, facilitating consumers to install ceramic insulators in any form, with respect to the requirement. Demand for ceramic insulators is expected to increase over the forecast period, due to the rapid growth of its usage in upcoming projects to install new transformer lines, which will allow the transmission of electricity in remote areas.

A renowned technology in the production of ceramic insulators is expected to enhance market acknowledgement, as it provides high voltage electricity without electrical breakdown. A megatrend has been observed in gasoline engine technology to maintain the carbon dioxide emission level. The ceramic insulator plays a vital role to act as a barrier between the electrodes that force the spark plugs to jump to initiate combustion. Thus, growth of the ceramic insulator market can be observed to a great extent in a varied range of sectors over the forecast period.

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Ceramic Insulator Market: Region-wise Outlook

Based on the geographic segmentation, the ceramic insulator market is anticipated to remain prevalent in the Asia-Pacific region, which includes countries, such as India and China. This can be attributed to increasing construction activities and electrification provided for rural development. Also, high temperature is a problem in tropical areas where thermal insulation could be the solution for high voltage transformers. Thus, such regions are projected to emerge as lucrative prospects for the ceramic insulator market over the forecast period. The Indian Railways have approved new projects in the North East for seven new lines of around 594 km. Likewise, China has approved a railway project worth US $ 36.0 Bn to connect prominent cities in the country covering 1,100 km, which is to be accomplished by 2020. Such massive projects in Asia-Pacific are expected to hold significant opportunities for the ceramic insulator market during the forecast period.

Europe is expected to hold significant opportunities for the ceramic insulator market. European nations are observed to incline towards renewable energy resources leading to new projects in power transmission sector. Also, tenders for the replacement of ceramic insulators are expected to raise opportunities for the contractors and thus the ceramic insulator market in coming years. Attributing to these factors, the ceramic insulator market is expected to witness remarkable growth in this region over the forecast period.

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Ceramic Insulator Market: Market Participants

Examples of some of the market participants in the ceramic insulators market are listed below:

CJI Porcelain Pvt Ltd.
National Switchgears
Meister International, LLC
ZPE ZAPEL S.A.
Power-grid Switchgears Pvt. Ltd.
Aditya Birla Insulators
PPC Insulators
China Insulators Manufacturer
Iran Insulator

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

Ceramic Insulator Market: Segmentation

The ceramic insulator market can be segmented on the basis of insulator type:

Cap and Pin
Post Insulator
Long Rod Insulator
Stay Insulator
Spool and Shackle Insulator

The ceramic insulator market can be segmented on the basis of voltage type:

Low Voltage
Medium Voltage
High Voltage

The ceramic insulator market can be segmented on the basis of application:

Thermostat or Pressure Switchgear
Foundry and Regulatory Industries
High temperature/High Voltage
Other

The ceramic insulator market can be segmented on the basis of end use:

Transmission and Distribution Line
Transformer Bushing
Switchgear Bushing
Others (Bus-Bar, Surge Protection Device)

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Electric Vehicle Plastics Market 2022 Growth, COVID Impact, Trends Analysis Report Forecast to 2026

Increasing demand for electric vehicles owing to growing environmental awareness supported by innovation, government, and investments made by OEMs, has resulted in a technological revolution in the global automobile industry. Demand for electric vehicles thereby, lead to an increasing demand for allied industries such as plastics which is an essential material required in manufacturing of electric vehicles. Manufacturers need lightweight materials to develop an electric vehicle which is one of the primary drivers for electric vehicle plastics market. Growing environmental concern is expected to increase the demand for electric vehicles which thereby would drive the demand for electric vehicle plastics market over the forecast period.

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Electric Vehicle Plastics Market: Market Dynamics

Electric vehicle plastics market is primarily driven by the trend of light-weight plastic applications as a manufacturing element. Application of light-weight plastics in electric vehicle results in enhanced fuel efficiency along with increasing the range of battery electric vehicle (BEV). BEV is expected to be the largest contributor to electric vehicle plastic markets which in turn will boost up the growth of global electric vehicle plastics market. Electric vehicle plastics market is further expected to witness an increasing demand owing to its performance competency as compared to metal. Plastic’s attributes such as carbon emission reduction and less dependency on petroleum drive the electric vehicle plastics market. Electric vehicle parts such as energy recovery devices, pumps, fans, casings and non-moving parts are expected to be manufactured using plastics thereby reducing the overall weight of the vehicle without compromising on performance thereby fueling the demand for global electric vehicle plastics market.

However, recycling of plastic materials used in electric vehicle parts can be a restraint, hindering the growth of electric vehicle plastics market. Vehicle components are manufactured from varied plastic materials which require sorting of components before recycling process.

Electric Vehicle Plastics Market: Regional Segmentation

Based on the regional coverage, electric vehicle plastics market has its presence in North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Japan and Middle east and Africa. North America followed by Western and Eastern Europe hold a significant share in the global electric vehicle plastics market in terms of its volume. Asia-Pacific is projected to grow at the highest CAGR over the forecast period. China and Japan contribute significantly to the global sales and production of electric vehicles thereby increasing the demand for electric vehicle plastics market.

Electric Vehicle Plastics Market: Key Players

Few key players in the global electric vehicle plastics market include DuPont, Dow Chemical Company, Evonik Industries AG., INEOS capital Ltd., BSM Group, BASF SE, Plastic Omnium and others.

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Electric Vehicle Plastics Market: Segmentation

Electric vehicle plastics market can be segmented on the basis of electric vehicle type which includes:

Battery Electric Vehicle (BEV)
Hybrid Electric Vehicle (HEV)
Plug-in hybrid Electric Vehicle (PHEV)

Electric vehicle plastics market can be further segmented on the basis of plastic material used in manufacturing, which includes:

Polypropylene (PP)
Polyethylene (PE)
Acrylonitrile- Butadiene Styrene(ABS)
Polyurethanes (PE)
Polyamide (PA)
Polycarbonate (PC)
Polyvinyl Butyral (PVB)
Polyvinyl Chloride (PVC)
Others

Electric vehicle plastics market can be segmented on the basis of application, which includes:

Interior
Seats
Arm Rest
Bumpers
Head Rest
Others
Exterior
Car Body
Lights

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Ammonium Phosphate Market is set to exhibit moderate growth at approximately 3.3% CAGR over the projection period 2019 – 2029

The projected growth rate of ammonium phosphate market is approximately 3.3% over the course of forecast period (2019-2029). The demand from fertilizers segment remains steady and even surges in emerging economies. Other end-use industries such as electronics and optics are complementing the growth of ammonium phosphate market.

Key Takeaways of Ammonium Phosphate Market Study

Fertilizers industry accounts for substantial ammonium phosphate demand.
Rising uptake of ammonium phosphate in fire extinguishers is propelling the market growth.
Gains in ammonium phosphate market to remain consolidated in Asia Pacific.
Europe and North America ammonium phosphate market will witness modest growth through 2029.
Demand for organic fertilizers will limit the growth of ammonium phosphate market in developed regions.

Major stakeholders in ammonium phosphate must renew their focus towards Asia Pacific market which continues to remain the growth epicentre on account of heightened demand for fertilizers.

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Demand for Mono-ammonium Phosphate to Remain Rampant in Fertilizers

Mono-ammonium Phosphate (MAP) is a chief component of granular fertilizer. The pH regulation and water solubility are two most sought-after attributes of MAP. Farmers continue to prefer ammonium phosphate for sustained and healthy growth of plants. The augmented demand for MAP in high-pH soils is particularly fuelling the market.

In suspension fertilizers, ammonium phosphate is used in powdered form. Moreover, MAP has good handling and storage properties which are boosting its demand among consumers. However, the ongoing debate over the potential environmental impact of ammonium phosphate based fertilizers is limiting the market growth.

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Asia Pacific Acquires 32.6% Revenue Share in Ammonium Phosphate Market

Demand upsurge for fertilizers owing to increasing population is boosting the ammonium phosphate market in Asia Pacific. The predominant markets for ammonium phosphate are China and India. On that premise, Asia Pacific constitutes approximately 32.6% revenue share in ammonium phosphate market.

On the other hand, consumers in Europe and North America have growing inclination towards organic fertilizers. The ammonium phosphate market growth in these two regions will be relatively sluggish on that account. Moreover, stricter environmental norms in developed economies will hamper the growth of regional ammonium phosphate market.

Geographic Expansion Remains Chief Strategic Tenet of Global Players

The competitive landscape of ammonium phosphate market is consolidated in nature at the global level. However, in certain regions, it remains fragmented with proliferation of SMEs. Key manufacturers featured in this study include, but are not limited to, are OCP SA, Wengfu Group, Yara International ASA, Solvay S.A., Coromandel International Ltd., Lanxess AG, Nutrien Ltd., Jordan Phosphate Mines Company, and Haifa Group.

Premier companies in ammonium phosphate market are focused on geographic and operational expansion for greater market foothold. However, the demand for inorganic fertilizers continues to stagnate in developed economies. Manufacturers thus need to divert their resources towards Asia Pacific market where use of ammonium phosphate based fertilizers is still prevalent.

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More about the Report

FMI’s study offers an in-depth market forecast and analysis on the global ammonium phosphate market. The major categories encompassed by the report include product type (mono-ammonium phosphate, di-ammonium phosphate, and ammonium polyphosphate), application (fertilizers, food & beverages, fire extinguishers, detergents & soaps, and water treatment chemicals) across five regions (North America, Latin America, Europe, Middle East & Africa, Asia Pacific).

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Ethylene Glycol Market: Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2021 – 2031

According to the latest research, the demand for Ethylene Glycol is anticipated to grow with a compelling growth rate of about 3.1% to 4.5 % in between the coming assessment period of 2021-2031.

It is mainly used as a raw material in the manufacture of polyester fibres and for antifreeze formulations.

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Growth of automotive sector to boost the market and increase demand of Ethylene Glycol

It is widely used as an antifreeze in automobile engines. Because it has a lower freezing point than water, it is used to keep an automobile radiator cool throughout the winter.

Globally, the number of vehicles on the road is increasing and is expected to grow at a CAGR of 4.5 percent.

Growing vehicle production and sales volumes are to responsible for the increase in vehicle on-road volumes. Coolants and antifreeze will be in high demand due to the increased number of vehicles on the road.

The demand for MEG will be fuelled by an increase in coolants and antifreeze usage.

Many end use industries depend on the use of ethylene glycol as a feedstock. It’s mostly used to make PET bottle resins, polyester fibre, and films. Fibre is the most common application of MEG.

Due to the usage of MEG in the production of PET and polyester fibres, it is widely used in the textile and apparel industries, as well as garment manufacturing, home furnishings, carpets, and rugs. Hence the market is expanding due to the high potential for polyester applications in the textile industry.

Europe and North America Demand Outlook

The increased production and sale of passenger vehicles in Germany, France, and the United Kingdom is expected to drive ethylene glycol consumption in automotive applications, boosting the market in these countries.

North America, owing to the presence of leading automotive players and the growing PET resin sector will lead to significant demand for this product in the North America market over the projection period.

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Who are the Key Manufacturers and Suppliers

Some of the leading manufacturers and suppliers include

Exxon Mobil Corp.
Dow Chemical
SABIC
Sinopec
Shell chemical
Reliance Industries ltd.
Huntsman Chemical Corporation
LOTTE Chemical Corp.
Kuwait Petroleum Corporation
LyondellBasell Industries
Formosa Plastics Corporation and many others.

Major players in the worldwide market are increasing their regional presence and company operations through organic and inorganic growth methods such as joint ventures, mergers and acquisitions, expansion, collaborations, new product launches, strategic alliances, and R&D.

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.

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Ethylene Glycol Market Key Segments

By Derivative Type:

Monoethylene Glycol (MEG)
Diethylene Glycol (DEG)
Triethylene Glycol (TEG)

By Application:

Polyester Fibres
PET
Antifreeze and Coolants
Films
Others

By End Use Industry:

Textiles
Automotive
Packaging
Others

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