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

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

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

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Global 2-Methylfuran Market: Region wise Outlook

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

Global 2-Methylfuran Market: Key Players

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

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

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

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2 Methylfuran Market Segmentation

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

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

  • pharmaceuticals
  • agricultural
  • chemical industry

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

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

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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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.

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

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

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

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

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

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

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

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

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

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

Synthetic Leather Market Is Set to Experience Revolutionary Growth by 2031

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

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

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

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

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

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

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

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

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

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

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Competitive Landscape

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

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

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

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

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

Prominent players operating in the synthetic leather market are:-

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

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

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

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

underground mining equipment market pr

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

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

Mineworkers’ Staunch Inclination towards Hard Rock Mining Equipment

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

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

Visibly Growing Preference for ‘Rental’ over New

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

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

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

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

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About Industrial Automation Division at Future Market Insights

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

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

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

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

What is Driving Demand for Dental Engine Market?

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

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

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

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High Costing of Dental Engines is Likely to Dental Engine Market

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

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

U.S. and Canada Dental Engine Market Outlook

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

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

Europe Demand Outlook for Veterinary Home Diagnostics

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

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

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

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.

Dental Engine Market Report Highlights:

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

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

Key Segment

By Product Type:

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

By End Use:

  • Hospitals and Clinics
  • Other End Users
  • Dental Academic & Research Institutes

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By Region:

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

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

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

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

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Key Takeaways – Straw Market Study

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

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

straw market share by region 2018

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

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

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Straw Market – Key Trends Shaping Competition

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

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

STRAWS MARKET TAXONOMY

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

Product

  • Plastic
  • Bamboo
  • Metal
  • Paper
  • Glass
  • Silicone
  • Others

Straw Length

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

Sales Channel

  • Manufacturers
  • Distributors
  • Retailers
  • E-retail

End Use

  • Foodservice
  • Institutional
  • Households

Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • MEA

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Learn More About the Report

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

Hydrogen Electrolyzer Market Key Opportunity, Analysis, Growth, Trends 2027

Future Market Insights, an ESOMAR-certified market research provider, opines that the long term outlook for hydrogen electrolyzer market will remain optimistic with growth pegged at 10% through 2030.

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With costs of renewables substantially dropping, making them more competitive with conventional fuels, their use as feedstock for hydrogen electrolysis will boost market growth subsequently.

Research for hydrogen fuel cell technology, H-CNG and mobility solutions will play a vital role in the market dynamics of hydrogen electrolyzers. With the growing popularity of fuel cell technology in automotive, notably electric mobility, demand for on-site hydrogen production will proliferate.

“The rising availability of CAPEX subsidies, tax rebates and low electricity costs will strongly intensify the adoption of hydrogen electrolyzers. In addition, hydrogen electrolyzers will provide the missing link between hydrogen and green electricity across various countries as it strives to achieve a de-carbonized environment” says FMI analyst.

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Key Takeaways for Hydrogen Electrolyzer Market Study

  • PEM electrolyzers are expected to witness a higher demand growth vis-à-vis other electrolyzer variants on back of high purity output and economical features with regards to operations
  • Countries in Western Europe and Asia Pacific are key to the growth of hydrogen electrolyzer market, on account of their high growth potential & considerable market size
  • Accelerated demand for high purity of hydrogen is boosting the uptake of hydrogen electrolyzer over competitive technologies such as SMR

Despite Prevailing Uncertainties, Experts Eying Green Hydrogen Post Pandemic

The global COVID-19 pandemic has put manufacturing, supply and demand of hydrogen electrolyzer on hold. In the second quarter of 2020, countries such as Italy experienced a 20% reduction in demand for power thus impacting the hydrogen electrolyzer market.

Economies around the world are utilizing this time to invest in green hydrogen to kick start growth. Countries such as Portugal, Netherlands and Australia are already investing rigorously in this technology. This is in alignment with EU’s green deal plan to decarbonize and bring emissions down to zero by 2050.

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Hydrogen Electrolyzer Market: Competitive Landscape

The global market players are striving to drive their market revenue at more than 20% on a yearly basis. This is being done by bringing down investment costs through joint collaboration.

For instance, ITM Power and Linde have collaborated to open up a factory at Sheffield, UK to enhance their electrolysis capacity per year by at least 1GW.

Similarly, NEL and Hydrogenics are gearing up for projects that aim to produce 20MW of hydrogen at Denmark and Canada respectively. By scaling up the size of the plants, manufacturers are looking at reducing their overall costs in the production of hydrogen

Find More Valuable Insights on Hydrogen Electrolyzer Market:

FMI in its new market research study, offers an unbiased analysis of the hydrogen electrolyzer market which comprises global industry analysis for 2015–2019 and opportunity assessment for the 2020–2030. The report offers complete analysis on global hydrogen electrolyzer market through four different categories – product type, capacity, outer pressure, end user and region. The global hydrogen electrolyzer market study provides information of pricing by different application analysis, product life cycle, capacity assessment, key market trends and technologies which are being implemented in the deployment or installation of the hydrogen electrolyzer and product adoption in varied end use industries.

Over 8 in 10 Gemstones Sold Are Diamonds, Sales of Colored Gemstones to Gain Steady Pace: FMI Study

Global demand for gemstones is envisaged to surge steadily over the course of coming years. Gemstones worth nearly US$ 22 billion were sold in 2018, as reported by a new research intelligence outlook of Future Market Insights (FMI). The global gemstones market revenues are likely to see moderate Y-o-Y growth of 4.4% in 2019.

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Customization of Gemstones Jewelry & Ornaments Trending Rapidly

According to FMI’s report, nearly 85% of overall sales of gemstones is accounted by jewelry and ornaments, a majority of which is accounted by gemstone-studded rings. Customization of gems and jewelry has been trending since the recent past, which is creating high-potential growth opportunities for gemstones market players. The report suggests that a number of manufacturers and designers are exclusively focused on the development of innovative, customized gemstone jewelry designs by using cutting edge technologies such as rapid prototyping (RP) and computer-aided design (CAD). However, research also clearly points to steady growth in the rate of purchasing gemstones for luxury arts.

Diamond holds an approximate revenue share of 80% of overall gemstones sales and has been projected to remain the bestselling type of gemstones over the years to come. The report highlights promising growth in the demand for ruby, as indicated by the gemstones market forecast for the next few years. At present, more than 85% of gemstones that are sold are in synthetic format. The study opines that the versatile physical attributes and relatively lower price point of gemstones in the synthetic format will continue to position them as a preferred choice over natural gemstones.

Although low-end gemstones have been performing well in terms of sales over the recent past, high-end gemstones market will continue to nurture the premium consumer base. Consumers from emerging Asian economies will particularly prefer high-quality gemstones that are rare to collect and unique in designs. While this trend has originated from the constantly improving per-capita spending on lifestyle products, a sizable consumer population also reaffirms to adhere to budget constraints while selecting the type of gemstone.

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Developed Regions Spearhead Global Gemstones Space, Asian Markets to Emerge Lucrative

North America, with over 1/3rd share of the global gemstones market value, will remain the preeminent region for investment, for manufacturers, designers, and marketers of gemstones. Moreover, according to the study, Europe also accounts for a considerably high value share in gemstones market – prominently owing to significant demand for diamond and precious gemstones jewelry.

Furthermore, Asia Pacific – the hub for some of the high-quality, finest gemstone finds, is cited as an important regional market for both, diamond and colored gemstones. FMI’s analysis points to China’s primacy in the APAC’s gemstones market, followed by India and Japan.

Competition Analysis: Gemstones Market Players

Supply of colored gemstones such as ruby, sapphire, emerald, and others is likely to remain fragmented, as colored gemstones has been defined as a small cottage industry. The number of players is high and the products range is wide. On the other side, the market for diamond is governed by a few large players, owning concentrated mine pockets.

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A majority of leading companies operating in the global gemstones market landscape are strategizing on the expansion of mining, production, and processing capacities of gemstones. Several players in gemstones market are also focusing their developmental strategies on mining, manufacturing, and processing of diamond. The report has profiled some of the prominent companies active in global gemstones market, including Gem Diamonds Limited, Rockwell Diamonds Inc., Debswana Diamond Company (Pty) Limited, Swarovski Group, Petra Diamonds Limited, Botswana Diamonds P.L.C, Stornoway Diamond Corporation, Arctic Star Exploration Corp., KGK Group, and others.

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Colloidal Silica Market to Close in on US$ 350 Mn by 2030, Decreased Sales Due to COVID-19 Impact on Electronics & Semiconductor Industry

Colloidal silica is finding immense use in the electronics & semiconductor industry, wherein, it plays a critical role in the production of ultra-flat, uniform, and low detection surfaces for semiconductors. Moreover, colloidal silica is used as a rough surface remover and as a polishing additive. It is extensively used for electropolishing to remove microscopic layers of metal particles from surfaces. In addition, the growing electronics & semiconductor industry in South and East Asia is expected to drive the colloidal silica market over the decade ahead. Paints & coatings and paper & pulp industries are also expected to pave the way for market growth in the coming years.

The global colloidal silica market was valued at US$ 233 Mn in 2020, and is projected to expand at a CAGR of 4% over the forecast period (2020-2030).

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A significant portion of the revenue of the colloidal silica market is realized from the electronics & semiconductors industry. However, this industry is likely to witness a decline in the near term due to the coronavirus (COVID-19) pandemic that is spreading across the world. The onset of the pandemic has resulted in travel bans and isolations, uncertainties in the stock market, and massive disruption of the supply chain. As such, the pandemic would adversely impact the global electronics & semiconductor industry, and, in turn, hamper the growth of the global colloidal silica market.

“Colloidal silica is gaining prominence as a chemical excipient in the pharmaceutical sector for synthesizing tablets such as paracetamol and animal medicines. Players in the colloidal silica market targeting pharmaceutical applications will be better placed for outsized returns.”

Key Takeaways from Global Colloidal Silica Market Study

  • Acidic colloidal silica would remain sought-after, owing to its increasing application in electronics and semiconductors.
  • In terms of consumption, Europe and North America are prominent regions; countries such as Belgium, the US, the Netherlands, Spain, Germany, France, and Italy are prime consumers of colloidal silica.
  • The electronics & semiconductor industry would be the key revenue generator in the colloidal silica market, while the paints & coatings industry is offering growth avenues.
  • Top-line growth of the global chemical industry is expected to augur well for the colloidal silica market.
  • Colloidal silica is extensively used for investment casting as a slurry on base coatings such as zircon flour, and zircon sand, thus, offering further impetus to market growth over the coming years.

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colloidal silica market share by region pr

Competitive Landscape

Players such as Nouryon Holding BV, Evonik Industries AG, Cabot Corporation, W. R. Grace & Co., Ecolab Inc., Merck Global, and The Dow Chemical Company have invested strategically in the colloidal silica market in the recent past, suggesting that, major manufactures are keeping tabs on the market, as it holds a lot of potential in the coming years. In addition, manufacturers such as Nouryon Holding BV and Evonik Industries AG are strategically increasing their market footprint by expanding their customer base in other regions. R&D, coupled with expansion of production capacity and footprint, remains the differentiating strategy followed by colloidal silica manufacturers to enhance productivity and capture new market opportunities.

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East Asia to Offer Lucrative Growth Opportunities

East Asia is anticipated to hold a prominent share in the global colloidal silica market, owing to flourishing electronics and semiconductor industries in the region. Manufacturers are focusing on developing products as per end-use applications. Colloidal silica is also significantly used in the production of water-based coatings. Manufactures are thus tapping this opportunity, given increasing preference to water-based solvents in the paints & coatings industry.

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The report on the colloidal silica market, published by Future Market Insights, brings to the fore a pin-point analysis of the market, and offers comprehensive information with historical demand data of 2014-2018 and forecast statistics for 2020-2030. The study offers insightful information on the global colloidal silica market based on various categories – product type and application, across seven regions. This study highlights key players who are well-known market vendors, and have proven themselves as key shareholders in the global colloidal silica market.

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Phosphates Market Will Generate Revenue, Surpassing US$ 16.1 Bn In 2021

The global phosphates market has witnessed steady demand from numerous end use industries including agrichemicals, animal feed, cleansers and detergents, food and beverages, water treatment and more. According to the latest study by Future Market Insights (FMI), the global market of phosphates is anticipated to grow with a growth rate of 2.7% during the forecast period of 2021 to 2031.

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Ammonium phosphate and calcium phosphate are anticipated to remain key product types in the global market since they play a crucial role in the fertilizers industry. Diammonium phosphate, monoammonium phosphate, single super phosphate, and triple super are among the more commonly used variants.

With growing concerns over food security due to the rising global population, the demand for phosphate-based fertilizers is anticipated to increase in the coming years. Moreover, the decreasing arable land area all over the globe owing to urbanization and industrialization has fueled the growing demand for phosphates.

The phosphate market is anticipated to witness a slowdown during the Covid-19 crisis owing to the decrease in the demand from the industrial sector. However, the market has witnessed a positive outlook during the crisis owing to the production of agricultural products and animal feed. These factors will prove crucial for continued growth of the global phosphates market.

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Key Takeaways from Phosphates Market Study

  • The global phosphates market is anticipated to reach a value of US$ 21,169.7 Mn by the end of the forecast period in 2031.
  • Ammonium phosphate is expected to remain the dominant product type owing to higher agriculture applications accounting for three quarters of the global market through 2031.
  • China is dominant in East Asia with a value share of over 95% through 2031, supported by large scale agriculture and chemicals industries.
  • India will reflect above average growth with a CAGR of 3% through 2021, owing to its position as a leading agrarian economy.
  • Brazil will hold over 50% of the Latin America market through 2031, owing to government incentives towards large-scale agriculture practices.

“Agrochemical sales have fueled the growth of phosphates significantly over the past few years owing to the demand for fertilizer products particularly in emerging agrarian economies such as India and China. Government incentives will support growth through 2031,” said a lead analyst at FMI.

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Phosphates Market: Participant Insights

Key players are focusing on strategic expansions by expanding production capacity in emerging economies by setting up of new production units, collaborations and mergers and acquisitions of other market participants. They are focusing on strengthening of their product portfolio while strengthening distribution networks.

Market participants in the global phosphates market are Nutrien Ltd., The Mosaic Company, YARA International, EuroChem, Prayon SA, Ma’aden-Saudi Arabian Mining Company, PhosAgro, Jordan Phosphates Mines Company (PLC), Aditya Birla Chemicals, Israel Chemicals, KazPhosphates LLC, Sulux Phosphates Limited, Zimbabwe Phosphates Industries Limited, OCP Group, Innophos Holdings, Inc., Chemische Fabrik Budenheim KG, Haifa Chemicals ltd., URALCHEM JSC, Solvay SA, OCI Company Ltd., Cabot Microelectronics Corporation, Asia Union Electronic Chemical Corp., Hubei Xingfa Chemicals Group Co., Ltd., Yichang Municipal Pacific Chemicals Co., Ltd (YMPCC), Sichuan Blue Sword Chemical (Group) Co., Ltd., Foskor (Pty) Ltd., and Industries Chimiques du Senegal.