Functional Films Market is poised to reach US$ 47.17 Mn by 2031, Says FMI Analyst

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

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

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

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Key Takeaways of Functional Films Market Study

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

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

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

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Who is Winning?

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

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

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

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

Functional Films Market by Segments

Product Type

  • Optical film
  • Coating film
  • Adhesive film
  • Conductive film
  • Reflection Films

End-use Industry

  • Automotive
  • Food & Medical Packaging
  • Renewable
  • Printing & Packaging
  • Other Industrial

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia-Pacific
  • Middle East & Africa

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About the Report:

The research report analyzes the total sales of Functional Films on the basis of value (US$ Mn). The market is projected on the basis of factors such as growth of polymer industry, developments in films, end-use industry demand, global GDP growth, industry value added, and government regulations. The scope of the research report includes only new sales of Functional Films.

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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Silica for S-SBR Market is expected to register a CAGR of 7.2% over the forecast period 2018-2028

Future Market Insights (FMI) provides key findings on the global Silica for S-SBR market in its latest report titled ‘Silica for S-SBR Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028’. The market viewpoint on the global Silica for S-SBR market remains optimistic, with market value expected to increase at a CAGR of 7.2% during the forecast period (2018– 2028). Among types, the untreated segment is expected to expand at a significant growth rate, in terms of value, over the forecast period. However, there has been a noteworthy rise in demand for treated type of Silica for S-SBR since the last few years from North America and Europe.

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Silica is used as a reinforcing filler and has been replacing conventionally used carbon black in tires. The use of Silica for S-SBR has led to improvements in rolling resistance. Silica for S-SBR has also been responsible for improving fuel efficiency by 5%-7% and reducing carbon emission by ~20%. The sales of Silica for S-SBR is estimated to be valued at US$ 619 Mn by the end of 2018, witnessing a Y-o-Y growth of 7.2% over the period 2018-2028. China is estimated to have accounted for a value share of 22.1% in the global Silica for S-SBR market by 2017 end and is anticipated to retain its dominance throughout the forecast period in the global Silica for S-SBR market. North America also holds significant position, both in terms of production and consumption of Silica for S-SBR.

Injection of silica in the nano-pores of S-SBR causes interpenetration and maximum space/pore filling. This results in tight polymer-filler (silica) interlocking, which eventually leads to lower hysteresis and thus, higher rolling resistance. Silica for S-SBR is used in modern passenger car tires’ threads as reinforcing filler. Silica is also widely used as a performance enhancing filler for tires, industrial goods and as a non-black reinforcing agent for footwear soles, especially athletic shoes.

Increasing stringent regulations regarding tire labelling in countries, such as North America, Europe, China, Japan and South Korea, are anticipated to drive the demand in the Silica for S-SBR market. The use of Silica for S-SBR significantly enhances tire performance. The magic triangle i.e wet grip, abrasion resistance and wear resistance, shows significant improvements with the use of Silica for S-SBR in tires. Silica for S-SBR leads to better grip and braking during winters. Thus, a rise in demand for Silica for S-SBR in winter tires is expected during the forecast period. Tire makers have switched to Silica for S-SBR made tires to cut down rolling resistance by 20% and increase fuel efficiency by 5%. Road transport contributes ~20% share to CO2 emission in the EU and other developed countries.

The footwear segment is also anticipated to witness rise in demand for silica for S-SBR. The use of silica in footwear sole results in highly wear resistant sole that doesn’t leave scrapes on floor.

Major manufacturers have also entered into strategic partnerships with the global tire manufacturers to ensure long term supply of silica for S-SBR application.

Over the past few years, the global manufacturers have also expanded their product offerings for the use of silica for S-SBR for the non-tire thread applications.

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Segmentation Analysis

On the basis of application, the Silica for S-SBR market is anticipated to be dominated by the tire reinforcement segment. Silica for S-SBR made tires offer higher fuel efficiency, which consumers prefer these days and thus, the demand in the Silica for S-SBR market is anticipated to increase during the forecast period.

Regional Analysis

From a regional perspective, a significant share of the global Silica for S-SBR market demand is projected to come from North America and European regions. Tire labelling regulations and governments’ efforts to cut down CO2 emissions have led to further rise in demand for Silica for S-SBR market. Silica reinforced S-SBR market is anticipated to witness rise in demand from winter tires in the country. SEA and Other Pacific has witnessed rise in demand for silica for S-SBR owing to the growing automotive industry in ASEAN region. Regions such as Japan and South Korea has also witnessed noteworthy rise in demand for silica for S-SBR owing to the increase in use of high performance tires for heavy and medium vehicles apart from the passenger cars.

Key Players Dominating the Global Silica for S-SBR Market

Some of the key players whose profile has been covered in the global silica for Silica for S-SBR market study are Trinseo, Lanxess Aktiengesellschaft, LG Chem, Dynasol Group, Taiwan Synthetic Rubbers Corporation, JSR Corporation, Sibur International GmbH and Sumitomo Chemicals Co. Ltd., amongst others.

Silica Manufacturers in the Global Silica for S-SBR Market

Solvay S.A. Evonik Industries AG, PPG Industries Inc., Oriental Silicas Corporation amongst others.

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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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Mixed Xylene Market is projected to reach US$ 74.79 Bn over the forecast period 2018–2028

Growing consumption as a solvent continues to primarily drive the revenue growth of mixed xylene market worldwide. Slated at robust yearly revenue growth in 2019 and ahead, the global mixed xylene landscape is also likely to witness consistently soaring consumption of paraxylene by PET manufacturers.

Towards 2019, the global revenue of mixed xylene market is projected to surpass the valuation of US$ 40 billion, forecasts a new research study on the global market for mixed xylene, by Future Market Insights.

“Fostering PET, polyester fiber, and polyester film manufacturing is constantly creating investment opportunities for mixed xylene manufacturing companies, thereby pushing the revenue growth of mixed xylene landscape,” says a senior market research analyst at the company.

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Chemicals, Petrochemicals, & Paints Record Notable Mixed Xylene Consumption

  • Extensively used as a thinner, especially by inks and paints manufacturers, mixed xylene finds wide applicability across the chemicals industry as a base material for manufacturing.
  • Mixed xylene is also widely consumed for elevating the octane rating of gasoline and other fuels with an objective to improve fuel and engine performance.
  • Owing to voluminous paraxylene consumption, the chemicals industry remains a prime consumer of mixed xylene market over the coming years, according to the report.
  • Other prominent end-use industries registering sizeable mixed xylene consumption include gasoline, paints & coatings, pesticides, rubber, leather, and printing.
  • The report covers a range of end-use industries and sectors recording variable mixed xylene consumption patterns as per the applications associated with them.
  • Consumption of mixed xylene as a raw material contributes the maximum revenue share compared to all other application areas.

The analysis of mixed xylene landscape based on grade reveals that the isomer-grade variant continues to dominate in terms of both revenue and consumption volume, accounting for over 80% value share in mixed xylene market. However, yearly revenue growth of solvent grade mixed xylene is projected to observe a decline post 2020, according to the report.

Flourishing Polyester Production Upholds Chinese Market

  • The global hub for production as well as consumption of mixed xylene, China is projected to remain the high growth-high value regional market for mixed xylene over the coming years.
  • With around a fourth of the global market value, China continues to dominate other regional markets competing in the mixed xylene landscape.
  • Bolstering polyester production across Chinese industries is identified to be primarily responsible for swelling mixed xylene consumption across the region, as indicated by the report.
  • Besides being a major polyester products export hub, the Chinese market also boasts of an established and productive distribution network, which is another strong factor pushing the growth of mixed xylene market in China.
  • The report indicates that the towering consumption of aromatic hydrocarbons across industries would further create a heap of untapped opportunities in China, over coming years.

The FMI analyst says, “Following China, the report also positions Asia Pacific (excluding Japan) as a highly lucrative regional territory, creating attractive untapped applications areas for manufacturers”.

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Production Expansion Rules Strategic Minds of Manufacturers

In the report, FMI covers extensive strategic profiles of some of the key manufacturers active in the mixed xylene landscape, which points to strategic M&A and collaborations governing the competitive nature of mixed xylene marketplace. In a moderately fragmented global landscape of mixed xylene market, the leading 12 players collectively cover 20-25% share of the total revenue. This highlights that each one of them holds a single digit market value share at present.

Manufacturing capacity expansion is currently the primary strategy of key companies in global mixed xylene space. As of the past year, the Asia Pacific mixed xylene market has witnessed notable production capacity expansion efforts by prominent market players. Companies in addition to expanding existing manufacturing plants are emphasizing new plant start-ups, pushing the prospects of mixed xylene market.

  • Tonen General recently commenced the commercial sale of isomer-grade mixed xylene at the company’s Ichihara-based recovery unit in Japan.
  • Showa Shell also launched a high-capacity TDP unit for an isomer-grade xylene template.
  • CNOOC Huayue also announced the launch of their new high capacity aromatics unit for mixed xylene production.
  • Hyundai Oilbank and Lotte Chemical Corp jointly formed a new isomer-grade xylene facility of 1m tonne/year capacity.

Some of the prominent players profiled in the report include Exxon Mobil Corporation, Idemitsu Kosan Co., Ltd., Lotte Chemical Corporation, Total S.A., China Petroleum & Chemical Corporation, China National Petroleum Corporation, GS Caltex Corporation, Chevron Phillips Chemical Company LLC, Royal Dutch Shell plc, YPF Sociedad Anónima, Flint Hills Resources, LLC, and SK Global Chemical Co., Ltd.

For a deeper insight on the mixed xylene landscape and detailed information on the key dynamics likely to shape the overall performance of mixed xylene market, Expert market research analysts available for queries at press@futuremarketinsights.com

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:
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Mining Collectors Market Share by 2027: Upcoming Trends and Analysis

With swelling exploration activities of new mines, across key targeted regions, the global demand for mining collectors—used in the froth flotation process and the recovery of heavy metal sulfides from ores—is anticipated to witness a steady year-on-year of 5.4 percent, in 2019. The mining collectors market, however, is projected to lie in the steady growth-low value quadrant, through the forecast period of 2019-2027, as per a recent market intelligence report by Future Market Insights (FMI).

“High-quality reserves are depleting, globally translating into comparatively lower productivity and produce. The demand for mining collectors and mining chemicals has increased as a result of this, specifically for mineral extraction processes from ores with lower mineral content, further making the extraction process economically feasible. Mining sector continues to be the dominant application for Xanthates consumption, representing approximately 95 percent of the overall share,” Senior Analyst, FMI.

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Latin America to Retain Dominance with Increased Investments in Mining Activities 

The moderate growth in the mining collectors market is supported by an increased supply and demand scenario in China. FMI analysis also indicates that apart from China, Latin America and MEA form a major market for mining collectors, supported by increasing metal mining activities for precious metals such as gold and platinum, in the region.

“FMI predicts increased investor confidence in Latin America’s mining sector, given the rise in commodity prices of key components such as gold, silver, zinc, and copper, specifically in Peru, Chile and Mexico. While lithium and copper are expected to attract maximum investments, producers are estimated to focus on expansion projects in Chile and Peru—likely to hold the most lucrative investment opportunities. Such opportunities will pave for increased adoption of mining collectors”, Senior Analyst.

North America mining industry is expected to grow significantly in the second half of the forecast period as mining companies shift their focus towards extraction of ores from deep underground reserves, to sustain in the market, thereby increasing the demand for mining collectors for flotation process.

Eastern Europe, on the other hand, is also likely to exhibit potential investment opportunities with a key focus on Russia and the region’s significant reserve of metals and non-metals.

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Safer Alternatives Get Applauded; Environmental Challenges to Restrict Market Growth

Since mining collectors are unstable and toxic in nature, its transportation poses serious threats, pushing manufacturers such as Cytec and Clariant to develop environmental friendly alternatives and likely to further impact the global adoption scenario of mining collectors. More recently, Solvay Group launched a new range of collectors, HOSTAFLOT, replacing Xanthates in the traditional sulfide flotation applications. Apart from being a cheaper alternative, the new product uses sustainable raw materials, is safer to handle, and also offers a longer shelf life compared to Xanthates. In addition, while ores are becoming difficult to treat and environmental regulations are becoming more stringent. Water use and conservation is a major concern. Hence, there is an increasing focus on the development of specialty reagents that can meet the needs for treating difficult ores and combat environmental challenges.

Key Trends Likely to Shape the Future Course of Mining Collectors

  • Increasing preference for potassium-based Xanthates given its high extraction strength from low grade ores versus traditional sodium based xanthates (ethyl xanthates).
  • Noticeable investments in expanding the application scope of Xanthates in rubber processing and agrochemicals processing.
  • To better cater to the growing demand for mining collectors from end-use industries, such as mining, agrochemicals, and rubber processing applications globally, manufacturers are focusing on strategically expanding their capacities while also directing their efforts towards ensuring a steady supply and access to key raw materials such as amyl alcohol and others.

FMI also offers a comprehensive analysis of the competition in the global mining collectors markets. For more insights on the same, schedule a briefing with the market experts at FMI. Write to us at press@futuremarketinsights.com

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:
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Future Market Insights,
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Food Grade Grease Market Current Scenario Trends, Comprehensive Analysis and Regional Forecast to 2028

Grease or lubricant may get added in the food through cracks, leaks or untidy use during maintenance making them indirect food additives. This demands the use of food grade grease in the euipments involved in the manufacturing process. Selecting and using an appropriate food grade grease ensures a safe, smooth and efficient working of the plant all while avoiding toxicity, maintaining the health standards and increasing the profitability. In every geographical region, several government authorities like NSF, NHF, FDA, NAFDAC, CFIA, FSSAI, EFSA, MOH, FSANZ, etc. have strict regulations for the use of grease being a food grade grease. Every country has different standards

Every lubricant, including the food grade grease, should be able to provide sufficient lubrication for metal-metal surface separation along with the ability to perform in extreme temperature and pressure environments. Properties like anti-wear performance, high load carrying, good seal compatibility, oxidation stability, rust and corrosion inhibitors are also desirable from food grade greases. The food grade greases must resist the impurities such as steam, process water, high pressure cleaning and acidic conditions. Other chemicals and raw materials used in the course of manufacturing may also act as contaminants.

Food grade grease finds extensive use in the food, beverages, cosmetics and pharmaceutical sectors. Other areas where food grade grease finds a small but vital share includes packaging and logistics sector, equipment manufacturing and food grade lubricant blending to name a few.

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Food Grade Grease Market Regional Outlook:

Currently, Europe is comparatively a bigger market in the world for food grade greases and is followed by North America. The dominance of these regions can be credited to the rigorous food safety norms present here. Increased health awareness among the manufacturers is also one prominent factor that boosts the growth of food grade grease in these regions.

However, in the near future, Asia-Pacific among all regions, is expected to develop at the fastest pace considering the firm economic growth of countries like China and India.

List of Market Participants:

Presently, the food grade grease market is dominated by several market players out of which few are listed below:

  • Fuchs Petrolub SE, Germany
  • BP PLC, United Kingdom
  • Total S.A., France
  • Petro-Canada Lubricants Inc., Canada
  • Exxon Mobil Corporation, United States of America
  • Kluber Lubrication Munchen SE & CO. KG, Germany
  • AB SKF, Sweden
  • LanxessAktiengesellschaft, Germany
  • Illinois Tool Works Inc., United States of America
  • Jax Inc., United States of America
  • ITW ROCOL, England
  • Bel-Ray Company LLC, United States of America
  • Lubriplate Lubricants Company, United States of America
  • Schaeffer Manufacturing Co., United States of America
  • Suncor Energy Inc., Canada

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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Food Grade Grease Market Segmentation:

Market for food grade grease can be segmented on the basis of type of lubricant, base oil, end use and geographic regions.

On the basis of the type of lubricant, food grade greases can be segmented as:

  • H1 lubricants
  • H2 lubricants
  • 3H lubricants (releasing agents)
  • H3 lubricants (soluble oil)
  • Others

On the basis of base oil, food grade greases can be segmented by:

  • Mineral oil
  • Synthetic oil
  • Polyalphaolephins (PAO)
  • Polyalkyl Glycols (PAG)
  • Easters and silicones
  • Bio-based oil

On the basis of end use, food grade greases can be segmented into:

  • Food industry
  • Sugar
  • Dairy
  • Bakery
  • Meat processing
  • Fruit and vegetable processing

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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:
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Future Market Insights,
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Quenching Oil Market 2022 Size, Growth Analysis Report, Forecast to 2028

Quenching is a process of rapidly cooling a material from high temperature. A quenching oil’s purpose is to control heat transfer during the metal or steel manufacturing process. The notable properties of quenching oil include non-toxic, non-corrosive, better thermal conductivity, low volatility, better oxidation stability, and elevated flash point, among others. Quenching oil contains numerous additives such as anti-oxidants, rust inhibitors, wetting agents and other accelerators. The performance and life cycle of quenching oil depends upon its thermal stability and the content of additives. Quenching oil can be classified into several categories depending on their functional characteristics, i.e., quenching rate and operating pressure. The petroleum-based quenching oil requires relatively higher speed and operating temperature.

Quenching oil is applied on steel/metallic parts, ferrous alloys, and used in in several other operations. Moreover, quenching oil finds application in the several end-use sectors including automotive and other mining operations.

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Global Quenching Oil market: Regional Outlook

The global quenching oil market is segmented into seven key regions, namely North America, Latin America, Middle East & Africa, Asia-Pacific, Eastern Europe, Western Europe and Japan. The market majorly depends on industrial processing, which is relatively high in developed markets, i.e., North America and Europe. Moreover, China, Japan and India are expected to achieve new significant growth in the Asian market, where China is expected to be the most dominant country in the region over the forecast period. The Gulf Cooperation Council countries in the Middle East are developing a unified regulatory system in many sectors, including mining. This, in turn, is expected to drive the quenching oil market in the Middle East & Africa over the forecast period.

Global Quenching Oil Market: Key Players 

Examples of some of the key players identified across the value chain of the global quenching oil market are:

  • Euclid Heat Treating Company
  • CONDAT
  • OilPure Technologies
  • Rocky Valley Oil
  • S. Dodge Oil
  • Dow Chemical
  • Paras Lubricants Limited
  • Tashoil Company Pvt. Ltd.
  • ThermTech
  • VAC Aero

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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Global Quenching Oil Market: Segmentation

The global quenching oil market can be segmented on the basis of quenching rate, product type and regions.

On the basis of quenching rate, Global Quenching Oil market can be segmented as mentioned below:

  • Normal Speed (13 to 20 Second)
  • Medium Speed (10- to 12 Second)
  • High Speed (7 to 9 Second)

On the basis of product type, Global Quenching Oil market can be segmented as mentioned below:

  • High Temperature Quenching oils
  • Polymer or water miscible quenching oils
  • Water washable quenching oils
  • Quenching emulation
  • Others

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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,
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United Arab Emirates
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Container Mouth Inner Seal Market Expectations & Growth Trends Highlighted Until 2027

Container Mouth Inner Seal Market Overview

The need for more innovative, flexible packaging is on a steady rise in all the end-use industries. Container mouth inner seal usually require two critical features namely, tamper evidence and hermetic sealing. Tamper evidence indicates whether the packaging has been interfered with and a hermetic sealing ensures that the packaged contents remain protected from contamination and keeps them fresh.

Container mouth inner seal come in particularly handy while packaging of fluids, as they guarantee spill proof containment of the packaged content. The container mouth inner seal must be torn in order to open the container to use the product. The seal cannot be reapplied as it is a tamper evident. Container mouth inner seal are usually manufactured with some distinctive characteristic so that they cannot be imitated in any way.

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Their ease of printability makes it easier for the manufacturer to add such security features. Use of container mouth inner seal ensures tamper evidence. This makes container mouth inner seal an integral part of drugs and pharmaceuticals industry where hygiene is the main concern. The container mouth inner seal which are applied using heat induction offer better tamper evidence when compared to those employed using adhesives.

Induction sealing is a simple process by which a liner is sealed on the mouth of a bottle or containers by passing the container to the induction heat sealer. Container mouth inner seal sealed by induction sealing process offers airtight sealing.

Container Mouth Inner Seal Market: Dynamics

One of the key drivers for container mouth inner seal market is shifting consumer preference towards reliable and secured packaging. Food & beverages industries find the container mouth inner seal particularly important as the barrier protection ensures enhanced shelf life while preserving the freshness of the packaged content. The expanding food & beverage industry is expected to propel the global container mouth inner seal market during the forecast period.

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In the pharmaceuticals industry, where the safety of the packaged content remains the top priority of the manufacturer, container mouth inner seal have even greater significance. Container mouth inner seal hold escalation due to rising demand for pharmaceutical packaging, and this is anticipated to result in the expansion of the sales for container mouth inner seal in the global market.

Also, usage of container mouth inner seal can be a positive step towards improving barrier and adding consumer confidence in the products. Along with this, container mouth inner seal ensure child resistant packaging. Ample new opportunities are present in the container mouth inner seal market as materials and configurations continue to be developed and introduced by varying induction power, ease of opening and more.

Container Mouth Inner Seal Market: Key players

Selig Sealing Products Inc. Enercon Industries Corporation SKS Bottle and Packaging, Inc. Flexopack SA Bemis Company, Inc. Winpak Ltd. Impak Corporation Golden Eagle Extrusions, Inc. Multi-Plastics Inc. Uflex Ltd FLAIR Flexible Packaging Corporation Plastopil Hazorea Company Ltd Constantia Flexibles Rockwell Solutions Ltd Amcor Limited TCL Packaging Ltd.

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Many local and unorganized players are expected to contribute to the global container mouth inner seal market during the forecast period.

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.

The report covers exhaust analysis on:

Market Segments Market Dynamics Market Size Supply & Demand Current Trends/Issues/Challenges Competition & Companies involved Technology Value Chain

Regional analysis includes:

North America (U.S., Canada) Latin America (Mexico. Brazil) Western Europe (Germany, Italy, France, U.K, Spain) Eastern Europe (Poland, Russia) Asia Pacific (China, India, ASEAN, Australia & New Zealand) Japan Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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.

Container Mouth Inner Seal Market: Segmentation

Globallythe container mouth seal market has been segmented as –

On the basis of sealing process, the global container mouth inner seal market has been segmented as-

Heat induction Adhesives

On the basis of material type, the global container mouth inner seal market has been segmented as-

Aluminum Paper Plastic

On the basis of application, the global container mouth inner seal market has been segmented as-

Tubes Bottles Cans Jars

On the basis of end use, the global container mouth inner seal market has been segmented as-

Food Dairy products Jams and sauces Bakery and confectionery Ready to eat foods Pharmaceuticals Cosmetics and personal care Lubricants & oils Chemicals

Global Noise Control System Market Is Expected To Grow At A CAGR Over 3.7% During 2021-2031

The demand for noise control systems went through a negative phase amid the spread of the Covid-19 crisis. The sales level in this market witnessed a downturn creating potential losses for the global manufacturers. As the condition is normalizing in 2021 due to strong and stringent government efforts, the top manufacturers are trying to recuperate the losses incurred through product diversifications and innovations.

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A new study by Future Market Insights (FMI) finds that industrial noise control market is expected to grow at a CAGR over 3.7% between 2021 and 2031. Key factors influencing the growth of industrial noise control market include,

  • Growing awareness of harmful levels of industrial noise
  • Increasing emphasis on the protection of workers and employees from noise pollution
  • Stringent environment regulation related to industrial noise control
  • Incorporation of integrated noise control technologies in advanced industrial machinery

The industrial noise control industry is witnessing a shift toward biodegradable materials over traditional materials. Manufacturers are incorporating green and sustainable materials in design and development of industrial noise control units to align with the ongoing sustainability trend.

Polymer & Composites Remain Preferred Materials

The FMI study finds that polymer and composites are highly preferred materials for the manufacturing of industrial noise control units. Polymers and composite materials have higher soundproofing properties as compared to other materials such as glass, metal and fabric. In addition, new developments in composite materials provide biodegradability and recyclability, leading to higher sales.

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Vibration Isolation Units Highly Sought-After

The FMI study finds that over 8 in 10 industrial noise control units sold by 2020 were equipped with vibration isolation unit. As vibrations can significantly impact the overall productivity and durability of a range of industrial machines, industrial noise control with vibration isolation units are highly sought after.

FMI thoroughly analyzed demand trends of different vibration isolation units such as isolation/machinery pads, isolation mounts, equipment bases and spring isolators. Among these, sales of isolation mounts were higher in 2020 and the demand trend will continue in the future as manufacturers consistently introduce advanced and more efficient vibration isolation mounts.

The industrial noise control market is also studied for flexible and rigid industrial noise control instruments by FMI. While both these noise control units significantly address noise pollution issues, FMI study finds that flexible noise control units accounted for the second highest sales during the forecast period.

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Industrial Noise Control Utilization in Internal Application Prominent

The FMI study estimates that demand for industrial noise control units for internal noise control application remained higher as compared to the application in external noise control. Elevated sound levels at workplaces and other commercial or residential places can cause negative human health conditions such as hearing impairment, annoyance, sleep disturbance, hypertension and in some cases ischemic heart disease. Dissemination of knowledge regarding these harmful effects is contributing to increasing sales of industrial noise control units in the internal noise control application.

Growing awareness of environmental noise as a potential health concern, industrial measures are taken to address the impact of external noise sources. FMI shows that adoption of industrial noise control for external noise control application will grow at a CAGR of over 3.9%.

According to the FMI study, the manufacturing sector remains a prominent end user of industrial noise control units. Different manufacturing industry verticals such as electrical & electronics, industrial machinery, automotive, metal and others significantly integrate industrial noise control measures. Keeping the noise within the OSHA levels in the different manufacturing sector is pivotal in ensuring health and wellness of employees.

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As per FMI valuation, countries in East Asia including China, Japan and South Korea registered significant demand for industrial noise control units in 2020. In terms of sales volume, Europe followed East Asia and collectively. China in East Asia remains leading consumer of industrial noise control. A prominent manufacturing sector in the country contributes to the significant demand for industrial noise control. In Europe, Germany followed by France and the UK accounted for considerable bulk of regional demand in 2020.

Aerosol Packaging Market Expectations & Growth Trends Highlighted Until 2027

ESOMAR-certified consulting firm, Future Market Insights, in a study projects the global aerosol packaging market to exhibit growth at a positive pace through 2021. According to the report, the market is expected to surpass nearly US$ 6.72 Bn in 2021.

Rising demand for incorporating sustainable packaging solutions is primarily underpinning expansion prospects. Furthermore, FMI projects the market to rise at a CAGR of nearly 4.8% between 2021 and 2031.

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Rising demand from the personal care & cosmetics industry has prompted the manufacturers to offer sustainable packaging solutions. Hence, increasing investment and rising research & development activities for green solutions are driving the sales of aerosol packaging.

Manufacturers are increasing the production of aluminum & plastic aerosol packaging as it is lightweight, has a lesser carbon footprint and is recyclable to facilitate the growing demand from personal care industry. Also, focus on innovation in terms of sustainability are expected to widen the growth opportunities for the market players over the coming years.

“Leading players are focusing on recyclability option and aesthetic look of the aerosol packaging to woo the end users and customers while adhering to stringent government regulations for sustainable solutions” says the FMI analyst

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Key Takeaways

In terms of product, cans and bottle & cylinders segment collectively holds over 4/5th of the global market share Aluminum material is highly sought after and the segment is expected to emerge as the most lucrative segment in the upcoming decade Based on cap type, actuators are expected to account for over 35% of market share Personal care & cosmetics is the primary end-user for the aerosol packaging market and will expand by 1.46 times to the current market Increased application in personal care & cosmetics across the U.S. is expected to bolster the market demand India is expected to be one of the most lucrative market backed by the burgeoning demand from personal care industry China is anticipated to be the open field of growth opportunities for manufacturers due to the less competition in the region U.K. will spearhead the growth in Europe’s aerosol packaging market and is estimated to account for over 25% of market share

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Competitive Landscape

Product customization and new launches remains the key strategy for the leading players to maintain their position in the industry.

In April 2021, Crown Holdings Inc. announced a strategic collaboration by entering in a definitive agreement with KPS Capital Partners, LP in order to sell its European Tinplate business that comprises of 44 manufacturing facilities in 17 countries of Europe, Middle East & Africa which produces aerosol cans and metal closures. Through this aims to expand their customer base and strengthen their footprints globally.

In March 2021, Trivium Packaging announced the expansion of its recycling and reuse of aluminum from aerosol cans in Latin America through the Creando Concienca Partnership. This initiative in Argentina aims to raise awareness and accelerate sustainability practices for customers for an eco-friendly environment.

In September 2019, Ball Corporation, the world’s leading aluminum beverage and aerosol packaging supplier announced a product launch at the Aerosol Dispensing Forum (ADF) & Packaging of Perfume, Cosmetics & Design (PCD) with portfolio of innovative aluminum aerosol can shaping and printing solutions.

Some of the prominent aerosol packaging companies profiled by FMI are:·

Berry Global, Inc. Crown Holdings, Inc. Ball Corporation CCL Industries Inc. Aptar Group Inc. Silgan Holdings Inc. Montebello Packaging Inc. Exal Corporation Graham Packaging Company Allied Cans Limited Euro Asia Packaging Guangdong Co Ltd. Nampak Ltd. ARYUM Metal Tup Imalat ve San. Dis. Tic. A.S. TUBEX GmbH Bharat Containers

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More Insights on the Global Aerosol Packaging Market

In its latest report, Future Market Insights provides a detailed segmentation on the global aerosol packaging market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the aerosol packaging market with a detailed segmentation on the basis of:

Product Type

Cans Bottles & Cylinders Jars

Material

Aluminum Tin Plated Steel Plastic Steel

Cap Type

Actuators Trigger Sprayer Fine Mist Sprayer Other Dispensing Caps Personal Care & Cosmetics Food and Beverages Aerated Desserts Non-dairy Whipping Creams Edible Oils Salad Dressings Coffee Enhancers Milk Taste Modifiers Cocktail Foam Toppings Others (Coconut Whipped Topping, etc.) Home Care Others (Pharmaceuticals, etc.)

Region

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

Key Questions Covered in the Report

How will demand for aerosol packaging will evolve in future? Which is the most lucrative region of global aerosol packaging market? What are the key trends and factors affecting the market demand? What are the strategies adopted by key players operating in aerosol packaging market? What are the key challenges faced by prominent players in the aerosol packaging market? Which is the top selling segment of global aerosol packaging market?

Security Bags Market to Reach US$ 700 million by 2027; Demand for Banking Sector to Push Demand

The security bags market is expected to rise at a CAGR of 7.9% through 2027. Due to the propelling demand for security products in courier and logistics service, security bags market players are likely to expand product portfolio for a better market footprint. Growing digitalization continues to reduce opportunities for market players.

“Robust growth in courier and logistics service has led to a surge in demand for security bags and also helped the manufacturers build an interesting portfolio. The need for security products in banking sector acts as a major driving factor,” says the FMI Analyst.

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Security Bags Market- Key Highlights

According to research analysts at FMI, cash/coin segment is expected to expand at a CAGR of 8.9 % through 2027. Global Security Bags Market is estimated to reach US$ 700 million by the end of 2027 Cash/coin segment is set to cover 70% of the market share holding a parallel competition with strap bag segment. Courier and logistics service is giving a brighter look to the market altogether. Key players are continuously focussing on developing product portfolio.

Security Bags Market- Driving Factors

Sustained demand from banking and pharmaceutical sector will drive growth Growing demand for card and dice bags in casinos continues to drive growth

Security Bags Market- Key Restraints

Advanced technology and digitalization continues to pose threat to the market High cost remains a deterrent, especially during COVID-19 time, as consumer confidence is lower

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COVID-19 Impact on Security Bags Market

Demand for security bags has witnessed a decline owing to COVID-19 induced sluggishness. As industries run with restrictions and reduced staff, overall output has fallen, which has led to a ripple impact on security bags demand. FMI opines a steady recovery to commence from second half of 2021.

Competition Landscape

Key manufacturers are working on incorporating innovative techniques and enhancing product distribution and portfolio. For instance, adopting better technologies and focusing on mergers and acquisitions continues to be a key strategy for market growth.

Country-wise Analysis How Will the U.S. Security Bags Market Fare?

Growing demand for secure packaging in the pharmaceutical industry is expected to boost sales of security bags in the U.S. As per FMI, demand for security bags in North America is expected to soar at a 7.6% CAGR through 2031.

The U.S. is home to a robust pharmaceutical industry that also exports medicines and other medical equipment to various countries. Such products are vulnerable to tampering and require advanced security measures to preserve the product’s integrity. Stringent regulatory standards implemented to standardize pharmaceutical packaging in the U.S. are also compelling pharmaceutical companies to invest in security bags.

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More on the report

FMI’s report provides proper segmentation and analysis of market trends and macro-economic factors on the basis of material (paper, fabric, plastic), visibility (transparent, opaque), end-use (casinos, hotels, hospitals, financial institution etc.) and region-wise segmentation (North America, Asia-Pacific, Eastern and Western Europe).

About 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, the global financial capital, and has delivery centers in the 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.