Synthetic Leather Market Is Set to Experience Revolutionary Growth by 2031

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

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

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

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

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

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

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

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

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

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

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Competitive Landscape

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

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

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

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

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

Prominent players operating in the synthetic leather market are:-

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

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

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

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

underground mining equipment market pr

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

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

Mineworkers’ Staunch Inclination towards Hard Rock Mining Equipment

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

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

Visibly Growing Preference for ‘Rental’ over New

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

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

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

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

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About Industrial Automation Division at Future Market Insights

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

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

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

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

What is Driving Demand for Dental Engine Market?

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

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

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

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High Costing of Dental Engines is Likely to Dental Engine Market

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

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

U.S. and Canada Dental Engine Market Outlook

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

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

Europe Demand Outlook for Veterinary Home Diagnostics

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

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

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

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

Dental Engine Market Report Highlights:

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

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

Key Segment

By Product Type:

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

By End Use:

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

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By Region:

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

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

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

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

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Key Takeaways – Straw Market Study

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

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

straw market share by region 2018

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

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

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Straw Market – Key Trends Shaping Competition

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

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

STRAWS MARKET TAXONOMY

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

Product

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

Straw Length

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

Sales Channel

  • Manufacturers
  • Distributors
  • Retailers
  • E-retail

End Use

  • Foodservice
  • Institutional
  • Households

Region

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

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Learn More About the Report

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

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

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

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

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

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

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Key Takeaways for Hydrogen Electrolyzer Market Study

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

Despite Prevailing Uncertainties, Experts Eying Green Hydrogen Post Pandemic

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

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

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Hydrogen Electrolyzer Market: Competitive Landscape

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

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

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

Find More Valuable Insights on Hydrogen Electrolyzer Market:

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

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

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

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Customization of Gemstones Jewelry & Ornaments Trending Rapidly

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

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

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

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

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

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

Competition Analysis: Gemstones Market Players

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

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

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

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

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

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

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

Key Takeaways from Global Colloidal Silica Market Study

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

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colloidal silica market share by region pr

Competitive Landscape

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

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East Asia to Offer Lucrative Growth Opportunities

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

Looking for More Information?

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

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

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

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

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

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

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Key Takeaways from Phosphates Market Study

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

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

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Phosphates Market: Participant Insights

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

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

Sperm Density Testing Market By Application, By End User and By Region, Industry Analysis, Revenue Opportunity, Competitive Analysis and Forecast 2021-2031

According to the latest research by Future Market Insights, the Sperm density testing market is set to witness a growth of around 6% during 2021-2031. Sperm density testing which measures and analyses the sperm count as well as the sperm health is seeing a growth in recent years. As individuals are getting more concerned towards their health owing to increased obesity, changing lifestyles and increasing work- life imbalance taking a toll on their health. The test allows one to determine the infertility and sometimes to test for a vasectomy success.

Demand for Sperm density testing as a part of male fertility investigation on routine basis is expected to witness an optimistic growth outlook in the long run.

What is Driving the Demand for Sperm Density Testing Market?

Cases of infertility in males can be seen rising due to various factors which are interlinked such as obesity which lowers testosteronsse levels required for driving sperm production, diabetes caused by obesity, smoking and alcohol consumption affecting sperm count and sperm quality and many more.

Other causes of decreased sperm concentration in males can be due to hormonal disorders and semen abnormalities such as low semen volume, poor sperm motility, morphological defects carries by sperm, and low sperm quality or high level of white blood cells in sperm. It has therefore become important for an individual planning to father a child, to address the issue of infertility to avoid any future complications.

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As per World Health Organization (WHO) 2020 data, estimated 48 Mn couples and 186 Mn individuals are living with infertility issues.

Understanding of the magnitude and increasing prevalence of male infertility and associated challenges demands for increases testing and early determination of factors associated with it.  This is likely to boost the demand for the sperm density testing market in the forecasted period.

Which Factors are likely to Augment the Growth of the Sperm Density Testing Market?

The access to fertility care which includes preventing, diagnosing and treating the infertility, remains a major concern in most of the low and middle income countries. On the other hand, lack of trained personnel, required equipment needed for testing, high treatment medicine cost and poor health financing has turned out to be the major roadblock for countries addressing the needs of people with infertility.

Educating and raising awareness amongst people in regards to understanding the importance of treating infertility has become important. Along with various testing methods, the availability of treatment to treat low sperm count such as surgery, assisted reproductive technology (ART) and hormone treatment and medication, is likely to boost the confidence of individuals seeking treatments. The sperm density testing market is thus, expected to grow in the forecast period.

North America Sperm Density Testing Market Outlook

North America market growth is largely driven by increasing number of individuals affected with infertility issues. Factors such as advancements in education, late marriage, delayed child bearing, increasing cases of obesity and decreased family sizes have all impacted to this increasing figure.

As per Centers for Disease Control and Prevention (CDC) report, in USA, more than 440 clinics provide services pertaining to infertility to people seeking treatment.

As per CDC 2017 report, nearly 2% of live births in USA are due to the ART (Assisted Reproductive Technology) treatment, which is increasing further by 5% to 10% every year.

As per The Lancet report in 2020, around 8-10% of couples are affected by infertility globally while in 50% of those cases, male infertility has been the main cause.

Nearly 25% of the couples interviewed are unaware of their infertility related issues, while 60% mentioned to have received infertility treatment or IVF or medications   as per Singlecare’s infertility survey, 2020.

Continuous technological advancements and development of advanced, easy-to-use, more accurate yet low cost testing devices along with increasing awareness regarding fertility testing amongst men are expected to further improve the market scenario of sperm density testing. It is believed to promote the growth of the market in the forecasted period.

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Europe Demand Outlook for Sperm Density Testing

Europe is anticipated to be the largest market for sperm density testing. Growing  advancement in the field of diagnostics and treatment for male infertility, possibility of identifying correcting defects through genetic testing and microsurgeries and presence of key market players in the European region will facilitate the growth of the market in the forecasted period.

Who are the key Manufacturers and Suppliers of the Sperm Density Testing Market?

Some of the key players of Sperm density testing include

  • DNA Diagnostics Center (U.S.)
  • Sandstone Diagnostics
  • FKA Brands
  • Medical Electronics System
  • ExSeed Health
  • Pride Angel
  • Sujunghitec co. ltd

others Companies offering Sperm density testing are involved in existing product upgrades, new product launches, mergers and collaborations to enhance their market position.

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.

Sperm Density Testing Market Report Highlights:

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

NOTE – All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.

Key Segments

By Test Type:

  • Laboratory Testing
  • Manual semen assessment (MSA)
  • Computer assisted sperm analyser (CASA)
  • Neubauer hemocytometer- Sperm counter
  • Functional sperm testing
  • DNA fragmentation index testing
  • Seminal oxidation potential
  • Rapid Diagnostic testing

By Distribution Channel:

  • Drugstores
  • Retail Pharmacies
  • Hospital Pharmacies
  • Online Pharmacies

By End User:

  • Fertility Clinics
  • Diagnostic Centers
  • Hospitals
  • Home care settings

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By Region:

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

Tire Materials Market has been envisaged to approach the valuation of US$ 100 Bn towards the end of forecast period.

Future Market Insights recently published a report titled “Tire Materials Market: Global Industry Analysis 2013–2017 and Opportunity Assessment 2018–2028” that offers decisive insights pertaining to the global tire materials market and provides extensive information through organized market research. According to the report, the global tire materials market has been envisaged to approach the valuation of US$ 100 Bn towards the end of forecast period.

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Silica to Witness an Upsurge in Demand with Increasing Production of Green Tires

Synthetic rubber and fillers used in automotive tires have significantly changed over the past decade. Attributing to the rising environmental concerns, many regions have formed regulations that mandate tire labeling. The implementation of labeling initiatives and growing environmental concerns have led to an increase in the production of high-performance tires or green tires. Regulatory bodies have also laid incentives for manufacturers and consumers with a preference for performance tires.

Due to the adoption of green technology, silica is extensively being used as a filler material as an effective replacement for carbon black in the recent years. The adoption of silica in the production of green tires has reduced CO2 emissions almost by 7% and increased fuel efficiency. Thus, increasing focus towards the reduction of carbon footprint and greenhouse gas effects is driving the demand for silica in tire production.

Increasing Automotive Production and Ever-rising Size of Vehicle Fleet to Boost the Tire Materials Market

Tires are a vital part of the automotive industry and thus, the production and sales of vehicles directly affect the dynamics within the tire industry. Increasing automotive production in emerging economies has been driving the demand for tires from OEM manufacturers, which has led to an increase in tire production activities. Growing tire production is driving the demand for tire materials. In a vehicle, a tire is one such part that must be replaced frequently, after every 2-3 years.

A tire experiences maximum wear and tear. Further, it is estimated that in FY2017, the global vehicle parc was about 1.3 Billion. Thus, it can be easily concluded that the growing vehicle parc and production will augment the market of automotive tires. Expansion of the tire industry is expected to fuel the demand for tire materials while the growing fleet size will add to tire replacement activities and indirectly influence the demand for tire materials.

Increasing middle-class population, coupled with rising urbanization in developing countries, is expected to increase the number of vehicle owners as many people will be able to afford vehicles. Apart from this, the increasing youth population has also led to an increase in the sales of automotive, which is a positive sign for the tire materials market.

Also, changing lifestyle and increased standard of living have increased the adoption of high-performance tires as well as branded tires, which is expected to positively impact the tire materials market. The increasing number of vehicle owners will push the growth of both OEM as well as aftermarket segments and thus, the growing demand for tires is expected to boost the tire materials market in the coming period.

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East Asia will Become a Prominent Regional Market for Tire Materials

The global tire industry has been witnessing a shift in tire manufacturing activity, with East Asia and South Asia accounting for more than 50% of tire manufacturing facilities. Easily available raw materials, economic & political stability, and availability of skilled & cheap labor have attracted key tire manufacturers to invest in East Asia and South Asia.

China and Japan are prominent tire manufacturing countries wherein China is estimated to be the leading tire producer and the presence of companies such as Bridgestone Corporation and Yokohama Rubber Company makes Japan a promising tire manufacturing country, owing to which East Asia is estimated to be the prominent market for tire materials.

North America and Europe tire industries are estimated witness a slowdown in the coming years, due to the increasing competition from Chinese tire manufacturers and their low-ranged products.  However, North America and Europe are anticipated to be potential markets for tire materials, owing to the predominance of key tire manufacturers in the region.

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Solvay SA, Lanxess AG, Exxon Mobil Corporation, JSR Corporation, Cabot Corporation, Birla Carbon, and Evonik Industries AG are among the key players identified in the tire materials market.

To know more about the global tire materials market competitive landscape and gain insights on the various other facets of market, write to the analyst at press@futuremarketinsights.com