Unbleached hardwood Kraft Pulp Market : Notable Developments & Geographical Outlook 2021 to 2028

Across the globe, the demand for paper packaging products is increasing day by day due to widespread ban on the plastic packaging products. Leading global brands have already shifted their packaging demand from plastic to paper. The primary focus of government authorities is to curb waste generated by the single use plastic packaging products such as carry bags, food-service disposables, etc. Therefore, it is noticed that several measures have already been taken by these authorities to ban single-use plastic products. The packaging companies are investing a large sum of money on research and development activities to develop a product that offer optimum protection and storage conditions to protect a product in transit. The production of kraft pulp includes placing a chip of wood in pressurized vessel in the presence of sodium sulfide and hot caustic soda. The process of cooking dissolves phenolic material i.e. lignin that glues to the wood fibers. Bleached and unbleached hardwood kraft pulp is generally used to manufacture tissue papers, specialty papers, and woodfree coated and uncoated printing & writing papers. Some of the most important properties that need to be considered while manufacturing unbleached hardwood kraft pulp are species, age, density, moisture content, and the time that has elapsed after the cutting process of trees. Increasing focus of manufacturers toward achieving technological advancements and process optimization in the global unbleached hardwood kraft pulp market will in turn create a lasting impact in the packaging industry.

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Unbleached hardwood Kraft Pulp Market: Market Dynamics

The products that are manufactured with unbleached hardwood kraft pulp are gaining strong foothold in the developed as well as in developing countries. With the increase in demand for paper-based packaging products, the demand for unbleached hardwood kraft pulp is also expected to witness continuous rise in the coming years. However, the unbleached hardwood kraft pulp provides less strength than softwood pulp made up of same pulping process. Therefore, the demand for unbleached hardwood kraft pulp could be outpaced by softwood kraft pulp in the coming years. Unbleached hardwood kraft pulp manufacturers face numerous challenges while manufacturing the pulp as the process is energy intensive and requires special attention and skilled workforce. The recent trend noticed in the unbleached hardwood kraft pulp market is the automation of existing facilities with the integration of artificial intelligence to streamline the manufacturing process. Machinery suppliers are engaged in research and development activities to help producers overcome manufacturing challenges.

Unbleached hardwood Kraft Pulp Market: Regional Overview

On the basis of region, the Unbleached hardwood Kraft Pulp market is segmented as North America, Latin America, Eastern Europe, Western Europe, APEJ (Asia-Pacific Excluding Japan), Middle East & Africa, and Japan. The Asia-Pacific region dominates the unbleached hardwood kraft pulp market in terms of consumption. However, the Europe and North America region account for largest market share in terms of production of unbleached hardwood kraft pulp globally. The India and China offer significant growth opportunities in the market with the increasing consumption of paper based packaging products. The pulp and paper industry is expected to grow continuously in next decade in emerging economies of Asia-Pacific and Latin America region. Currently, in MEA, the demand for unbleached hardwood kraft pulp is largely fulfilled through imports from European region. However, the shifting focus of local entrepreneurs to venture into new businesses will drive high growth in unbleached hardwood kraft pulp market. It is noticed that the South East Asian countries also offer untapped growth potential in the global unbleached hardwood kraft pulp market.

Unbleached hardwood Kraft Pulp Market: Market Players

Some of the key players in the unbleached hardwood kraft pulp market are Westrock Company, Canfor Corporation, Arbros Group, International Forest Products LLC, Stora Enso Oyj, International Paper Company, Mondi Group, and Metsä Fibre Oy.

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

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Unbleached hardwood Kraft Pulp Market: Regional analysis includes:

  • North America Unbleached hardwood Kraft Pulp Market
  • Latin America Unbleached hardwood Kraft Pulp Market
  • Western Europe Unbleached hardwood Kraft Pulp Market
  • Eastern Europe Unbleached hardwood Kraft Pulp Market
  • Asia Pacific excluding Japan (APEJ) Unbleached hardwood Kraft Pulp Market
  • Japan Unbleached hardwood Kraft Pulp Market
  • Middle East & Africa (MEA) Unbleached hardwood Kraft Pulp Market
Unbleached hardwood Kraft Pulp Market: Market Segmentation:

Unbleached hardwood Kraft Pulp Market Segmentation: By Grade Type:

  • Chemical Pulp
  • Semi-Chemical Pulp
  • Mechanical Pulp

Unbleached hardwood Kraft Pulp Market Segmentation: By Application

  • Sack Paper
  • Tissue Paper
  • Corrugated Material
  • Printing & Writing Papers
  • Specialty Kraft and Wrapping Papers

Unbleached hardwood Kraft Pulp Market Report Highlights:

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

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Chocolate Powdered Drinks Market 2021 Industry Research, Segmentation, Key Players Analysis and Forecast to 2027

Chocolate powdered drinks can be mixed with water or milk to prepare instant chocolate drinks. Water based chocolate powdered drinks are generally cold beverages which include soft drinks or energy drinks. Whereas milk based chocolate based drinks include chocolate drinks, protein shakes, cappuccino mixes. Chocolate powdered drinks can be served cold or hot form depends on consumer needs and wants. Chocolate powdered drinks are beneficial for health with good taste and flavor which attracts all age of consumers, especially kids, teenagers and youngsters consume it in large scale. Vigorous aspects of chocolate powdered drinks are low-cost production and have various health beneficial features to the end user. The potential growth of chocolate powdered drinks has a niche market as compared from tea and coffee globally. Chocolate powdered drinks are mainly consumed at breakfast. Due to hot and humid climatic region of the world, the cocoa market is facing a significant challenge for the overall market growth.

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Chocolate Powdered Drinks Market: Segmentation

Chocolate powdered drinks market is segmented on the basis of types, end users and distribution channel. On the basis of product type chocolate powdered drinks are segmented in dark chocolate powdered drink, milk chocolate powdered drinks, white chocolate powdered drinks. On the basis of end users chocolate powdered drinks is segmented in energy drinks, milk beverages, cappuccino mixes, protein shakes and chocolate drinks which can be served hot as well as cold and it also enhances the taste of the drinks, which attracts a large number of consumers. On the basis of distribution channel, the chocolate powdered drinks are segmented into supermarket/ hypermarket, convenience stores, Speciality stores, online and grocery stores. Among the distribution channel segment, hyper/supermarket segment contributes larger market share in terms of revenue. Increasing online purchasing of food and beverage is expected to drive market growth of online segment.

Chocolate Powdered Drinks: Region wise outlook

Depending on geographic regions, chocolate powdered drinks market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia-Pacific, Japan, and Middle East & Africa.  Africa, particularly West African countries (Ghana, Nigeria and Cameroon) produce 70% of the world’s cocoa, according to the World Cocoa foundation are the major producer of cocoa seeds. Brazil is the largest market for chocolate powdered drinks. The countries which are global leaders in cocoa products are Ghana, Belgium, The United Kingdom and Switzerland. The markets of the Middle East, North America as well as Asia-Pacific is rising in both consumption and production of cocoa products and growth is mainly expected from emerging markets such as China, India and Brazil.

Chocolate Powdered Drinks: Drivers

The growing impact of western culture, increasing disposable incomes of consumers, rising population  are the major factors to fuel the growth of global chocolate powdered drinks in Asia-Pacific region. Innovation in the field of chocolate powdered drinks with health benefits such as fortification with DHA, dry fruits, natural herbs , natural flavours, is driving the demand chocolate powdered drinks in Europe and North America. Organic chocolate powdered drinks remain rare and niche which may offer an opportunity for the entrants of several organic brands.

Chocolate Powdered Drinks: Key players

Some of the key participating players in chocolate powdered drinks globally are Mondelez, Nestlé S.A., Gatorade, Mars Inc., GlaxoSmithKline Plc, PepsiCo Inc., Kanegrade Ltd, and others.

Nestlé is the world market leader in chocolate powdered drinks. Nestlé S.A. has three brands of chocolate powdered drinks including Nesquik, Nescau, Dancow among these Nesquik is the world’s largest brand which presents varieties of products including canned foods, ice-cream, dairy, confectionery and chocolate powdered drinks, and the brand has a presence in more than 50 countries which holds a prominent position in chocolate powdered drink. This brand has high brand awareness globally. Mondelez also has a wide range of brand, including Cadbury Drinking Chocolate, O’Boy and organic variant Green & Black.

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The report covers exhaustive analysis on:

  • Chocolate Powdered Drinks Market Segments
  • Chocolate Powdered Drinks Market Dynamics
  • Chocolate Powdered Drinks Actual Market Size, 2013 – 2015
  • Chocolate Powdered Drinks Size & Forecast 2016 to 2025
  • Chocolate Powdered Drinks Supply & Demand Value Chain
  • Chocolate Powdered Drinks Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Chocolate Powdered Drinks Technology
  • Value Chain
  • Chocolate Powdered Drinks Market Drivers and Restraints

Regional analysis for Chocolate Powdered Drinks Market includes

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

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth Polishing / Lapping Film 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.

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Underground Mining Equipment Market is estimated to grow at a CAGR of ~2% during 2019 and 2029.

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.

 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.

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.

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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.

Key Segment

By Product Type

  • Mining Loaders
  • Mining Trucks
  • Mining Drills
  • Mining Bolters
  • Mining Shearer
  • Continuous Miners
  • Mining Excavators & Shovels
  • Mining Scalers
  • Others

By Mining Technique

  • Soft Rock Mining
  • Hard Rock Mining

By End Users

  • Mining Operators
  • Rental Service Provider

By Region

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

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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.

CBRN Protection Equipment Market will exhibit a healthy CAGR of more than 5% during 2019 – 2029 : FMI

A new Future Market Insights (FMI) study suggests that the global CBRN (Chemical, Biological, Radiological and Nuclear) protection equipment market will exhibit a healthy CAGR of more than 5% during the forecast period of 2019 – 2029. Greater emphasis of governments on enhancing safety of military forces constitutes a major push to global sales of CBRN protection equipment.

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Increasing production of bioweapons, bio-agents, as well as chemical weapons has strengthened the demand for CBRN filtration systems, integrated COLPRO systems, and decontamination shelter systems. Demand for personal protective equipment such as gloves, boots, body suits, masks, and hoods is also rising, in line with rise in precautionary training practices.

Key Takeaways – CBRN Protection Equipment Market Study

  • Personal protection equipment will continue to be bestselling throughout the forecast period. The rising focus on safety among military personnel has enhanced demand in countries such as the U.S., Canada, Germany, France, Italy, Spain, and the U.K.
  • Demand for integrated COLPRO systems is anticipated to multiply, with rising requirement from developed economies such as the U.S., the U.K., and Germany.
  • Decontamination shelter systems would gain significant traction, which will drive CBRN protection equipment market growth.
  • With increasing CBRN attacks in developing economies, especially at airports, the demand for immediate response has enhanced the mandate for frequent CBRN protection training. Such CBRN training practices will further drive the global CBRN protection equipment market growth in following years.
  • Rising investments in nuclear reactor projects, especially in countries like Russia, India, UAE, Turkey, China, and South Korea are expected to bolster demand for CBRN protection equipment.
  • Rapid growth in production of chemicals and bio agents has resulted in greater demand for safety awareness. Regulatory bodies have formed numerous regulations to improve safety awareness among public, which is expected to fuel the growth of the CBRN protection equipment market.

CBRN threats are rising as a result of amplifying tensions between nations such as the U.S., Iran, and Syria, creating an opportunity for investments in CBRN protection equipment. The rising need for customized CBRN protection equipment is expected to drive market growth positively in the coming years.

Large-scale Regional Players Dominating Competition Landscape

The report offers essential insights into the competitive scenario and market structure analysis of the CBRN protection equipment market along with the strategies of prominent market participants. Some key participants mentioned in the CBRN protection equipment market report are 3M (Scott Safety), Ansell LTD, Honeywell, AirBoss of America Corp., Indra Systemas SA, MSA Safety Inc., HDT Global, Drägerwerk AG & Co. KGaA, and Avon Protection Systems, among others.

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Moreover, the global CBRN protection equipment market is competitive due to the presence of regional and large-scale players. However, it has been moving towards competitiveness, with contract acquirements and ongoing mergers and acquisitions of prominent players. Additionally, regional players in emerging markets are focusing on increasing value-addition in their product offerings at competitive pricing.

What Lies Ahead?

Political and geographical unrest between certain nations are increasing due to nuclear and bio threats, resulting in increased awareness of CBRN attacks as well as precautionary and preventive measures. The deployment of safety measures and investments in training practices are projected to enhance the demand for CBRN protection equipment over the forecast period.

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Know More About Inclusions of CBRN Protection Equipment Market Report

A new market research report published by Future Market Insights (FMI) on the global CBRN protection equipment market includes global industry analysis for 2014–2018 and opportunity assessment for the 2019–2029. The report provides insightful analysis of the global CBRN protection equipment market through four different categories – product type, category, end use, and region. The CBRN protection equipment market report details current installed base, product adoption across different applications, prevailing trends and technologies being adopted in the manufacturing of CBRN protection equipment, life cycle analysis, and pricing analysis by different types of products.

Bulk Material Handling System Market at an overall CAGR of 2% between 2021 and 2031.

As per Future Market Insights (FMI) analysis, the bulk material handling system market revenue is expected to reach US$5.1 Bn in 2021. Incorporation of remote user connectivity and interface in equipment and use of telematics based services by original equipment manufacturers (OEMs) will drive the market, yielding a year-on-year growth of 2.10% in 2021.

The global sales of bulk material handling system are forecast to grow from 13,000 units in 2021 to over 14,000 units by the end of 2031. FMI projects moderate growth for bulk material handling system market at an overall compound annual growth rate (CAGR) of 2% between 2021 and 2031.

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Bulk Material Handling System Market Historic Outlook In Comparison to 2021 – 2031 Forecasts

The demand for proper housing and infrastructural development is rising consistently, which will create prospects for expansion of the bulk material handling system market. According to FMI, the market exhibited a CAGR of 1.10% between 2016 and 2020.

Increasing mining activities will increase the demand for handling and transport of mined materials and equipment’s. As mining sector is growing in emerging economies, market players are focusing on penetrating these new markets with product launches and supply in such regions.

In October 2020, electric rope shovel from Komatsu Mining named “P&H 2300XPC” was delivered to a major Russian gold mine in Tenkinsky District of the Far East Magadan region. The excavator is used for stripping operations.

Market players are working towards integrating modern techniques like machine learning and automation with the material handling systems to gain the upper hand in this highly competitive market.

In 2021, Thyssenkrupp Industrial Solutions launched new autonomous bucket wheel stacker reclaimer and hybrid train load out station for handling bulk materials in shipping yards. They use artificial intelligence and automation to enhance bulk materials handling performance.

Increasing mining and construction activities due to rapid urbanization and surge in infrastructural projects is a prime factor driving the growth of the market. As per FMI, the market will rise at 2% CAGR between 2021 and 2031.

Key Factors Shaping Bulk Material Handling Systems Market

Increasing Infrastructural Projects to Create Lucrative Opportunities

With the rise in infrastructural projects and economic development worldwide, material handling equipment is gaining more acceptance. Rapid infrastructural development activities are creating a demand for construction and mining equipment with increased efficiency and productivity.

This fueling sales of heavy-duty off road vehicles for moving debris and other construction aggregate materials, as well as transport raw ore from one place to another efficiently. Construction sector is one of the major giant playing an important role in any countries economic development, and every country spends significantly for the same. Consequently, numerous players are aiming to enter this sector.

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Recovering Mining Industry to Support Market Growth

Mining, construction, and oil & gas industries have witnessed a significant decline during the first half of the decade. Geo-political factors, trade wars, unstable governments have affected these industries in various countries. The mining industry forms the crux of the economy in countries like Chile, Venezuela, and Peru.

Moreover, the mining industry accounts for 33% of the total energy consumption market globally. Recent trends have witnessed a resurgence of the mining industry in major countries. Moreover, a 53% rise in mining activities is anticipated in the next decade, which will led to an increase in demand for bulk material handling systems.

Bulk Material Handling Systems Market: Structure Analysis

The global bulk material handling systems market is estimated to be fragmented, owing to the number of players in the industry and also due to the prevalence of rental services at the global level.

In the global bulk material handling systems market, major shareholders are offering an extensive range of products, and have footprint in almost all the regions. On the other hand, rest of the competitors are engaged in offering a few bulk material handling system solutions with a limited presence.

Manufacturers operating in the bulk material handling systems market are focusing on business expansion through acquisitions to strengthen their market position.

In July 2017, FLSmidth entered into an agreement to acquire mining Systems operations of Sandvik AB, with an aim to expand its product offering and bulk material handling systems market reach.

In 2017, Hitachi Construction Machinery Co., Ltd. acquired Bradken limited, a major manufacturer and supplier of bulk material handling systems products for mining, transport, general industrial and contract manufacturing markets.

Major manufacturers in the bulk material handling systems market are Thyssenkrupp, Techint Group, FL Smidth, Hitachi Construction Machinery Co., Liebherr Group, IHI Transport Machinery Co., Ltd., Kawasaki Heavy Industries, Ltd., Komatsu, Sumitomo Heavy Industries Material Handling Systems Co., Ltd., L&H Industrial, Schenck Process Holding GmbH, Metso Corporation, Satake Corporation, Beumer Group, and Motridal S.p.A.

This list is indicative – full details about prominent bulk material handling system manufacturers is available upon request

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Key Segments Covered in Bulk material handling system Market Study:

Application

  • Mining
  • Packaging
  • Construction
  • Manufacturing
  • Sea Ports & Cargo Terminals

Equipment

  • Stacker
  • Stacker cum Reclaimer
  • Band Conveyor
  • Bucket Wheel Excavator
  • Stripping Shovel
  • Rope Shovel
  • Bucket Elevator
  • Ship Loader and Unloader

Region

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

Mud Pumps Market is forecast to register 3.4% CAGR between 2021 and 2031

[300 Pages Report] As per Future Market Insights (FMI) analysis, the mud pumps market sales will total US$ 872.2 Mn in 2021. Demand outlook remains fairly positive as the market is forecast to register 3.4% CAGR between 2021 and 2031

Despite challenges posed by COVID-19 outbreak, the mud pumps market registered 1.0% year-on-year growth between 2020 and 2021. Dynamic pricing trends adopted by original equipment manufacturers (OEMs) will create attractive prospects for growth of the market in the coming years.

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Mud pumps Market Future Outlook Remains Positive in Comparison to Sales Registered in 2016-2020

The mud pumps market is projected to grow at a CAGR of 3.4% approximately by the end of 2021. Rising exploration activities to fulfill surging demand for energy across various regions are boosting sales of mud pumps. Demand will continue to grow amid the rising popularity of electric mud pumps owing to their smooth functioning, low vibration and low noise.

Key market players are currently focusing on product launches to keep pace with changing consumer preference. For instance, in 2019, Xylem, a leading global water technology company focused on introducing innovative technological solutions to the world’s water challenges, unveiled the launch of its new, Flygt N3069 stainless steel submersible pump which is exclusively designed to fix the rigid pumping obstacles detected in elaborated industrial applications such as acquaculture and industrial foods. 

Flygt N3069 technology is equipped for delivering greater pumping efficiency and minimizing energy consumption and greenhouse gas emissions up to 25%. Other market players are adopting strategies such as mergers & acquisitions in order to strengthen their market position.

For instance, in 2021, Sulzer, a global leader in fluid engineering, finalized the acquisition of Nordic Water, a key supplier of water treatment technology. The acquisition of Nordic Water aligns with the developmental strategy of Sulzer focused on achieving a profound understanding of wastewater treatment applications and fostering monumental sales across the globe, thereby leveraging the scale of the combined business.

With increasing incorporation of new launches and dependency on sustainable solutions, the global mud pumps market is expected to witness a substantial growth in the upcoming years.

Key Segment

Product Type:

  • Duplex
  • Triplex
  • Quintuplex

Driven System:

  • Electric
  • Fuel Engine

Application:

  • Onshore
  • Offshore

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Region:

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

Key Takeaways Of Mud Pumps Market Study

  • 68% of mud pumps market revenue remains concentrated in three countries
  • Led by strong gains in the US, North America will maintain its position as regional powerhouse exhibiting 1.2X growth through 2031
  • Stringency in regulatory norms will boost uptake of electric pumps on back of their excellent operability and environmental friendliness
  • Triplex pumps continue to be preferred over duplex pumps; with 30% lower weight, they offer excellent mud displacement and smoother discharge
  • The top 10 players in the market are expected to hold more than 50% of the market share through 2031

“Enhancing efficiency points of mud pumps will be key focus area of manufacturers. This can be done by finding issues that threaten pump integrity and increase emissions such as excessive degradation of seals, valves and flanges”, says the FMI Analyst

COVID-19 Temporarily Clouds Mud Pumps Outlook

Energy transitions are greatly impacting the oil and gas outlook. Rig operators and drilling equipment manufacturers are now looking at a scenario where investments towards ongoing supply must be balanced out against emission control. Fuel demand destruction is a huge challenge in the ongoing pandemic as well as a rapidly decarbonizing world.

Containment strategies that have been instituted in North America and Europe will have a less adverse effect on demand for oil as compared to China. With the discovery of new oil wells and reservoirs in China, an improving market landscape in China in the second quarter of 2020 will bode well for the deteriorating demand for oil and subsequently the mud pumps industry.

Supply wise, geopolitics have continued to be a wild card for the oil and gas industry. With supply gluts prevailing major OPEC nations have been forced to cut output. While supply will see a comfortable trajectory through 2025, oil and gas and the pumps industry will see a visible contraction through 2020 with recovery expected in 2021.

Market Growth Characterized By Organic Strategies Undertaken By Key Players

Bigger players in the mud pumps market landscape have a huge advantage of continuous cash flow. Thus they are showing greater resiliency by channelizing their resources and acquiring shale players, oil and gas service companies without having to rely heavily on organic product portfolios.

Many are already investing in non-traditional markets with a very negligible impact on their bottom line. A significant number of market players are putting in almost 20% of their capital expenditures towards the setting up of on-shore and off-shore drilling equipment and mud pump systems. While this accrues to be a large chunk of investment, in actuality it is tantamount to just over 5% of its yearly revenues.

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To Know More About Mud Pumps Market

A new market research report published by Future Market Insights (FMI) on the global mud pumps market report provides in-depth insights into the market demand trends and assessment of opportunities during the forecast period. The report analyses the mud pumps market through four different segments- product type, drive system, application, and region. The mud pumps market report also offers detailed analysis of pricing analysis by different product type and demand across end-use industry.

EUV lithography market is estimated for a staggering CAGR of 22% during the forecast period of 2019-2029: FMI

Miniaturization of integrated circuits and microchips, elevated wafer production, and consistent growth of the semiconductors industry are anticipated to propel the adoption of EUV lithography into chip manufacturing across the globe. EUV lithography market is estimated for a staggering CAGR of 22% during the forecast period of 2019-2029.

EUV Lithography Market Key Takeaways

  • Reduction of microchip sizes to incorporate them into shrinking semiconductors is one of the prime factors that resulted in the development of EUV lithography technology.
  • Emergence of artificial intelligence (AI), machine learning, industrial IoT (IIoT), and autonomous driving has been driving miniaturization of microchips, subsequently creating the need for EUV lithography in chip manufacturing.
  • Constant innovation, R&D, and retrofitting of installed systems to improve wafer production, are anticipated to remain key trends in the EUV lithography market.
  • Integrated device manufacturers (IDM) and foundries are projected to create bulk of the demand for EUV lithography systems, as they are responsible for majority of the microchip and integrated circuit (IC) demand across industries.
  • Acquisition of stakes in key technology-based companies to complement product development is anticipated to remain a prominent trend in the market.

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Currently, many IDMs and foundries are cautious in the adoption of EUV lithography in chip manufacturing, given the infancy of the technology and high upfront costs. However, with continuous innovation and R&D, products are expected to become more efficient and cheaper.

Foundry Remains Top Application Area

EUV lithography is primarily implemented by Integrated Device Manufacturers (IDM), foundries, and in the manufacturing fabless and memory integrated circuits/memory chips, and foundries account for nearly half the revenue share of the global market. In 2019, more than 5 in 10 units of EUV lithography devices sold were employed in foundries, and stakeholders in the market are expected to further enhance the technology to suit end user requirements better.

For instance, in October 2019, Taiwan Semiconductor Manufacturing Company (TSMC) announced that its 7nm plus node has become the industry’s first commercially available EUV lithography technology.

EUV Lithography Market – A Monopoly

The EUV lithography market is led by a single manufacturer. ASML is the sole manufacturer of EUV lithography systems in the world today and holds a monopoly in the market. The company is focused on acquiring stakes in key companies, which provide supporting technology for the manufacturing of EUV lithography systems. It is also engaged in collaborations with solution providers to help in R&D and development of future generations of EUV lithography systems.

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EUV LITHOGRAPHY MARKET TAXONOMY

The global EUV lithography market is segmented into end use and region.

End Use

  • Integrated Device Manufacturers (IDM)
  • Foundries
  • Memory, Fabless & Others

Region

  • Americas
  • EMEA (Europe, Middle East and Africa)
  • Asia Pacific

Will EUV Dominate Lithography Systems?

In the present lithography market, EUVs are a new and upcoming technology, with the first commercial product being sold in 2016. Given their ability to process light onto microchips of very small surface and with the growing adoption of technologies demanding miniaturization of microchips, EUV lithography market is anticipated to capture a huge market share of lithography systems in the coming years.

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FREQUENTLY ASKED QUESTIONS ABOUT EUV LITHOGRAPHY MARKET

What will be the market value of EUV lithography by the end of 2029?

Demand for EUV lithography is set to grow 7x by 2029, accounting for revenue worth around US$ 22 Bn.

What are the key factors affecting the development of EUV lithography technology?

Elevated wafer production and miniaturization of integrated circuits & microchips to incorporate them into semiconductors are the major factors that are impacting the growth of the EUV lithography market.

How is foundry contributing to the growth of the EUV lithography market?

An increase in the demand for advanced packaging for miniaturized devices and significant technological advancements are leading to increased application of EUV lithography in foundry, thereby significantly contributing to market growth.

What is the major restraint of the EUV lithography market?

One of the major challenges in the EUV lithography market is complexities in bringing the EUV technology from drawing boards to actual foundries. Complexities in manufacturing and subsequent delays in adoption are also emerging as key challenges for market players.

What key strategies are adopted by market players to stay ahead of the pack?

Key players in the EUV lithography market are focusing on R&D activities to further improve EUV technology and strengthening collaboration with technology providers. For instance, ASML Holding N.V invested US$ 1 Bn in the R&D activities in 2019.

How is the emergence of 5G and AI impacting the EUV lithography market growth?

The emergence of LTE and 5G and Artificial Intelligence systems is expected to ramp up the production of suitable microchips and processors using EUV lithography systems. Both technologies will have a high impact on the growth of the target market.

Health And Wellness Products Market 2021 Key Players, End User, Demand and Consumption by 2026

Health & wellness products are the products that provide a broad spectrum of the food and beverage industry coupled with beauty product industry globally. Younger consumers in the developing countries are willing to pay premiums for health & wellness products as a result of the rising importance in physical fitness. Manufacturers are reformulating health & wellness products to reduce cholesterol, sugar, sodium content and saturated fat of the food products due to increasing health consciousness among the people. Health & wellness products provide healthful benefits to the consumers along with innovations in various health & wellness products. Manufacturers are using organic ingredients in various health & wellness products instead of artificial ingredients which are harmful to the body. Consumers are focusing on functional food products which are fortified with various essential ingredients such as vitamins, minerals, amino acids and nucleotides which provide health benefits and promotes better health.

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Global Health & Wellness Products: Market Segmentation

The global health & wellness products market is segmented on the basis of the distribution channel, category, type, function, and region. The health & wellness products market is segmented on the basis of distribution channels such as supermarket, hypermarket, independent stores, drug stores, unorganized stores and single brand store. Health & wellness products market is segmented on the basis of the category which includes beverages, packaged food, baby food, baked products, breakfast cereals, confectionery, dairy products, frozen food, sauces, and snacks.

The health & wellness products market is segmented on the basis of function such as beauty products, brain health supplements, immune support supplements and weight management. The health & wellness products market is segmented on the basis of the type which includes food intolerance, fortified food products, and organic products. Hence, the global health & wellness products market is expected to significantly increase the revenue contribution over the forecast period.

Global Health & Wellness Products Market: Regional Outlook

Geographically, the global health & wellness products industry can be divided by major regions which include North America, Latin America, Europe, Asia Pacific, the Middle East and Africa. Globally, among all regions, Asia Pacific has developed as the dominant region in global health & wellness products market followed by Middle East and Africa. Increasing food and beverage industry along with growing cosmetic industry, has strengthened the growth of global health & wellness products market and hence is projected to significantly expand the revenue contribution of the market over the forecast period. Growing alternatives to food products in developing countries is also another driving factor of global health & wellness products market.

Global Health & Wellness Products Market: Growth Drivers

The global health & wellness products market driving factors are increasing demand for ready-to-eat snack foods coupled with the convenience of foods. Increasing opportunities in weight management program and rising concern regarding physical fitness is also another factor that is driving the health & wellness products market globally. Rising number of supermarkets, hypermarkets, and independent retail stores are rapidly increasing the demand for various health & wellness products worldwide. Manufacturers are focusing on providing healthier product offerings in various health & wellness products. Hence, the global health & wellness products market is expected to observe robust growth over the forecast period.

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Global Health & Wellness Products Market: Key Players

Some of the key players identified across the value chain of the global health & wellness products market include Pfizer Inc., PROVANT HEALTH SOLUTIONS INC., Nestle, The Kraft Heinz Company, Arbonne International, LLC, Buy Wellness, GSK, Walgreen Co., Procter & Gamble, General Nutrition Centers Inc. and others. The companies are expected to expand their business by enhancing their product portfolio in global health & wellness products market. The companies are projected to frame certain strategies in future in order to gain the competitive advantage in global health & wellness products market till 2026.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, and others)
  • Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Benelux, Poland, Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, North Africa)

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

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Mini Cranes Market Is Expected To Expand At A CAGR Of 6.0% During 2021 To 2031: FMI

The growing Mini Cranes Market demand compact cranes in various industries such as steel industry, oil & gas, automotive sector, construction, and others is anticipated to drive the mini crane market. Application in glass glazing activities will create growth opportunities. According to a study by Future Market Insights, the global mini crane market is expected to expand at a CAGR of 6.0% during the forecast period from 2021 to 2031.

Among various types of mini cranes sold, spider cranes will remain highly sought-after. Their application is forecast to increase in various industries due to their compact size and impressive maneuverability. Construction sector is anticipated to remain one of the key end users.  Nearly 65% of mini cranes sold in 2021, will concentrate in this sector.

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Mini cranes are considered ideal solutions for carrying materials during residential construction. It is their specialty to easily access edge of cliffs while navigating through courtyards, which bigger cranes cannot do. Within plants and factories, mini cranes are used for material lifting in places where bigger cranes cannot enter.

While demand from various industries will continue rising, maximum users are likely to prefer rented mini cranes than directly owned ones. This is seen as an ideal solution for cost-saving while getting the job done. With expansion of industries forecast to continue, despite hitting a roadblock amid pandemic outbreak, sales of mini cranes are expected to surge in the near future.

Key Takeaways of Global Mini Crane Market Study

  • Mini cranes sales will continue rising, enabling the market to reach a valuation of US$ 408.1 Mn in 2021
  • Government stimulus towards construction activities is presenting growth opportunities in the U.S., which will account for over 68% of sales in North America
  • Recovering industrial activities is favoring sales in the U.K., which will account for over one-fourth sales in Europe
  • Germany and France will emerge as other key markets for sale within Europe
  • Presence of some of the leading companies will seal Japan’s dominance in East Asia

“Companies operating in the market are introducing advanced technologies to keep pace with evolving industries. Implementation of connected technologies is one such example that facilitated remote access and monitor. These developments are anticipated to create lucrative opportunities for growth in the future.” says an FMI Analyst.

Demand from various end-use sectors is projected to boost the mini crane sales. Japan, the U.K., and the U.S. are anticipated to remain some of the most lucrative markets around the world. In the coming years, demand is poised to surge as application in disaster management and electrical material handling increases.

However, owing to the pandemic impact in the year 2020, mini crane market witnessed a significant drop in sales due to disruption in the supply chain and decrease in demand. Nonetheless, with industrial activities recovering, albeit gradually, mini cranes sales will surge in response.

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Who is Winning?

The global mini crane market has been identified as a consolidated market, with top players occupying majority of the overall share. Some of the key market participants which are included in the report are

  • Manitex Valla S.r.l., Hoeflon International B.V, Skyjack( Linamar), Microcranes, Inc., R&B Engineering, Promax Access, Jekko s.r.l, MAEDA SEISHAKUSHO CO., LTD, BG Lift, Furukawa UNIC Corporation.

Mini Cranes Market by category

By Lifting Capacity

  • Up to 1 ton
  • 1 to 1.8 ton
  • 2 to 2.4 ton
  • 2.5 to 4.9 ton
  • 5 to 10 ton
  • 11 to 22 ton

By Type

  • Spider Crane
  • Crawler Crane
    • Articulated
    • Telescopic
  • Pick and Carry Cranes

By Operation

  • Fuel Operated
  • Battery Operated

By End Use Sector

  • Industrial
    • Foundries
    • Power Plants
    • Others
  • Railway Depots
  • Construction
    • Residential & Commercial
    • Industrial
    • Civic Infrastructure
  • Facility Management
    • Commercial
    • Industrial
  • Marine
  • Timber & Lumber
  • Material Handling & Logistics

By Ownership

  • Direct Owned
  • Rented

By Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • MEA

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Want to Know More?

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

Elevator And Escalator Market Is Expected To Rise At ~6.6% CAGR During The Forecast Period : FMI

[192 Pages Report] Elevator and Escalator Market is expected to witness growth of ~6.6% CAGR during the forecast period from the year 2020 to 2030. Expansion of the building and construction industry has been a chief driver of the global elevator and escalator market. Elevators and escalators being an integral part of the residential as well commercial buildings are witnessing an impressive surge in demand all over the world.

Advancement in the Internet of Things (IoT) technology is further catering to the market growth with the rising incorporation of ultra-modern facilities starting from elevator safety solutions to elevator air purification equipment.

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Despite their complex mechanisms for installation, handling, and maintenance, the demand for elevators and escalators in residential, commercial, hospital, transportation, and other sectors is growing. According to Future Market Insights (FMI), the global elevator and escalator market is expected to rise at ~6.6% CAGR during the forecast period from the year 2020 to 2030.

Rising Demand from Construction Industry

According to FMI, the expansion of the construction industry will spur the elevator and escalator market growth during the forecast period, from the year 2020 to 2030

With the rising population and urbanisation, the building & construction industry is growing exponentially. Elevators and escalators, being an integral part of construction industry, is experiencing a surge in demand across the world.

Modern-age elevators often come with an extensive range of features such as various load capacities (low, medium, and high), safety features, hygienic solutions, high reliability in terms of load carrying as well as various emergency services, making them efficient for broad range of applications starting from residential complex to industrial sectors.

The advanced IoT technology has enabled the elevator and escalator manufacture to offer diverse services and solutions such as air purifying system, sanitisation facility, emergency calling and connectivity solutions, and others. As a result the demand for elevators and escalators is sky-rocketing worldwide.

Elevators and Escalators Market – Bolstering Growth for Safety Solutions

Various safety features such as emergency evacuation feature, safety brakes, door closing devices, door sensors, door restraints, pit buffers, and others result in more sophisticated elevators and escalators services which is aiding to the Elevators and Escalators Market growth.

With the technological advancements, the industrial and commercial sectors are incorporating modern safety features in the escalators such as skirt brushes in order to prevent objects being caught in the escalators, step level monitors, missing step monitors, handrail motion detectors, sensors to trigger automatic shutdown in emergency, and others.

As the new-age safety solutions are making the elevators and escalators more reliable and efficient in handling emergency conditions, the market is witnessing significant growth all over the world.

Key Segments

Product Type

  • Elevator
    • Hydraulic
    • Traction
    • Machine
    • Room Less
  • Vacuum
  • Escalator
    • Step Type
    • Belt Type
    • Cleat Type
    • Spiral

Load Type

  • Passenger
  • Freight
  • Observation
  • Others

Installation

  • New
    • System
    • Installation
  • Retrofit

End Use

  • Residential
    •  Low Rise Building
    • Mid Rise Building
    • High Rise Building
  • Commercial
    •  Hotels
    • Airports
    • Subway Station
    • Commercial
    • Complex
    • Office & Institution
  • Hospital
  • Infrastructure & Construction
  • Transportation &Logistics

Region

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

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Elevators and Escalators Market – Key Challenges

The entire process cycle of elevators and escalators, starting from manufacturing to installation,installation, is costly and needs expert handling. As elevators and escalators are used in various places, starting from residential complex to big industrial buildings, they need timely maintenance, up-gradation, as well as other services as and when required, which are time consuming and also need technical knowledge. Because of these factors, the elevators and escalators are yet to be popular among the small to medium residential buildings, institutions, and others.

The outbreak of a novel coronavirus in the recent year has affected the elevator and escalator market negatively because of various factors such as closed manufacturing units during lock down, economic constraints, unavailability of raw materials and manpower, decrease in demand, and others.