Global Gluconolactone Market Expected to Reach USD 256.2 Million by 2033, Growing at 8% CAGR

As per Future Market Insight’s analysis, the global Gluconolactone market size is anticipated to achieve a valuation of USD 256.2 million by 2033, reflecting a CAGR of 8%. This represents a significant surge compared to the projected worth of USD 120 million in 2023.

The ever-increasing global population and rapid urbanization drive the demand for processed foods, personal care products, and pharmaceuticals. Consequently, the demand for Gluconolactone experiences a significant boost.

Gluconolactone serves as a vital food additive, acting as an acidulant and flavor enhancer. Its indispensability in the food and beverage industry fuels its demand. Gluconolactone emerges as a natural and healthier alternative to other acidulants, such as citric acid, as consumers increasingly focus on their health and wellness. Consequently, the demand for Gluconolactone rises across various applications.

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Consumers are actively seeking products with clean labels featuring natural and easily identifiable ingredients. Given its natural properties, Gluconolactone is a favored choice for clean-label formulations. On the other hand, evolving lifestyles and dietary preferences have resulted in heightened consumption of processed and convenience foods, which often necessitate the use of acidulants like Gluconolactone for flavor enhancement.

With its acidifying and mineral-binding properties, Gluconolactone serves as an effective feed additive in animal nutrition. The expanding animal feed industry significantly contributes to the overall demand for Gluconolactone.

Gluconolactone finds wide applications in personal care and cosmetics, spanning skincare, haircare, and oral care products. The expansion of these industries directly drives the demand for Gluconolactone. Gluconolactone also plays a vital role in pharmaceutical applications, serving as an excipient and chelating agent in drug formulations. The ever-expanding pharmaceutical industry significantly contributes to the adoption of Gluconolactone.

As environmental concerns escalate, Gluconolactone gains prominence as a biodegradable packaging material, particularly in the form of polylactic acid (PLA). The rising demand for sustainable packaging solutions propels the growth of the Gluconolactone market.

With its derivation from renewable resources and recognition as a natural and organic ingredient, Gluconolactone aligns perfectly with the surging consumer preference for natural and organic products. Consequently, the demand for Gluconolactone is experiencing an upward trajectory.

In water treatment processes, Gluconolactone acts as a reliable chelating agent. Given the rising emphasis on water conservation and treatment, the demand for Gluconolactone in this sector witnesses a significant upsurge. The cleaning and detergent industry also widely relies on Gluconolactone due to its excellent chelating and sequestering properties. The industry’s rapid expansion fuels the demand for Gluconolactone.

Gluconolactone finds extensive utilization in the formulation of nutraceutical products owing to its potent antioxidant properties. The ever-growing nutraceutical industry presents ample opportunities for the Gluconolactone market to flourish.

Gluconolactone has been found in various sources like algae, fungi, edible seaweed, and certain insect species. The investigation of alternative protein sources, including Gluconolactone, has been undertaken. Research and development efforts focused on enhancing the presence of Gluconolactone in algae offer promising opportunities for expanding the global market.

Key Takeaways from the Gluconolactone Market

  • The Gluconolactone industry in the United Kingdom is anticipated to rise sizably, exhibiting a CAGR of 5.3% through 2033.
  • The United States held a 23.2% share of the global Gluconolactone industry in 2022.
  • With a CAGR of 21.8% over the forecast period, India is predicted to develop rapidly in the Gluconolactone industry.
  • In 2022, Japan had a 7.2% share of the Gluconolactone industry globally.
  • The Gluconolactone industry in China is expected to flourish speedily, registering a CAGR of 3.8% over the forecast period.
  • Germany accounted for 4.2% of the global Gluconolactone industry in 2022.

Competitive Landscape in the Gluconolactone Market

Key market players are actively engaged in various strategies to maintain their market position and drive growth. These strategies include product innovation, research and development, strategic partnerships, mergers and acquisitions, and expanding their distribution networks. Additionally, they focus on enhancing their production capabilities and meeting the evolving customer demands to stay competitive in the market.

A Closer Look at the Global Gluconolactone Market Champions: Top 3 Players

Fuso Chemical Company:

Fuso Chemical Company is a Japan-based company specializing in the production of specialty chemicals. The company offers Gluconolactone as one of its key products. Gluconolactone, produced by Fuso Chemical Company, is widely used in the food, cosmetic, and pharmaceutical industries. The company focuses on research and development to provide innovative solutions to its customers. Fuso Chemical Company strives for excellence in product quality and customer satisfaction.

Xinhong Pharmaceutical:

Xinhong Pharmaceutical is a Chinese company engaged in the production and distribution of pharmaceutical and chemical products. The company offers Gluconolactone as part of its product portfolio. Gluconolactone produced by Xinhong Pharmaceutical is known for its quality and is used in various industries, including food, cosmetics, and pharmaceuticals. Xinhong Pharmaceutical aims to meet customer demands and provide reliable solutions to the market.

Jungbunzlauer:

Jungbunzlauer, renowned for its excellence in the production of biodegradable ingredients derived from renewable resources, stands as a global leader in the gluconolactone market. The company offers Gluconolactone as part of its diverse product range. Recognized for its exceptional quality and functionality, Jungbunzlauer’s Gluconolactone serves many applications, including food and beverages, personal care, and pharmaceuticals. Jungbunzlauer continues to shape the gluconolactone industry through its unwavering pursuit of excellence.

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Gluconolactone Market by Category

By Source, Gluconolactone Market is Segmented as:

  • Synthetic
  • Non- Synthetic

By Grade, Gluconolactone Market is Segmented as:

  • 97%-100%
  • 100%-102%

By End-Use, Gluconolactone Market is Segmented as:

  • Dietary Supplements
  • Pharmaceutical
  • Cosmetics
  • Energy Drinks
  • Food ( tofu, meat products, etc.)

By Region, Gluconolactone Market is Segmented as:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Global Microbial Seed Treatment Market to Reach USD 3,869.2 Million by 2034, Growing at 12.5% CAGR

In 2022, the global microbial seed treatment market achieved sales of USD 988.3 million. The industry saw a 9.8% year-on-year growth in 2023 and is expected to reach USD 1,191.5 million in revenue by 2024. From 2024 to 2034, the market is projected to grow at a compound annual growth rate (CAGR) of 12.5%, reaching an estimated USD 3,869.2 million by the end of 2034.

Sales in the sector have surged in recent years, fueled by growing consumer demand for natural pesticides and organic farming, as well as advancements in technology. The creation of crop-specific treatments offers a substantial opportunity to target niche markets and drive further growth.

Manufacturers should focus on developing tailored solutions to meet the unique needs of farmers. Partnering with leading agricultural companies can expedite product innovation and enhance industry penetration, often aiding in the establishment of distribution channels and expanding customer bases.

Government support for precision farming and microbial seed treatment is increasing as the benefits of these methods are recognized. This support includes providing incentives and subsidies for farmers, as well as implementing certification and labeling programs for bio-fertilizers and bio-pesticides.

Competitive Landscape

The industry features a dynamic and diverse competitive landscape. Leading manufacturers are heavily investing in research and development to create advanced versions of existing products. These companies are focusing on developing solutions tailored to various soil types and a wide range of plant diseases.

Brands are devising strategies to maintain and expand their market share by prioritizing product quality, expanding production facilities, and providing products that are easy to apply. Producers need to innovate to enhance the usability of their products, thereby supporting biocontrol and improving soil health.

For instance

  • In 2024, Helena Agri is elaborating its seed treatment options to cater to soybean growers with the introduction of Enertia and Seed Shield Select. This multi-fungicide formulation protects a variety of soybean seedlings’ diseases.
  • Indigo Agriculture is leading towards the expansion of its biological seed treatment capabilities with the registration of the industry’s first bio-fungicide based on the microbe Kosakonia cowanii. This US EPA-approved intrinsic product suppresses multiple plant diseases.
  • Syngenta Seedcare has started propelling its focus on strengthening biologicals and extending leadership in seed treatment with the opening of a service center at the Seedcare Institute in Germany.
  • Lotus Agriculture announced the introduction of six new biological treatments for its Duo line. It includes three in-furrow biologicals for cotton, corn, and legumes, along with three seed treatments for wheat, soybean, corn, and cereals.

Leading Microbial Seed Treatment Brands

  • Bayer AG
  • Koppert
  • Indigo Ag, Inc.
  • Microbial Solutions
  • Certis USA L.L.C.
  • BioConsortia
  • VensoGrow
  • Heliae Development, LLC
  • Syngenta Group
  • Corteva
  • Valent Biosciences
  • Others

Key Segments of the Report

By Treatment:

As per treatment, the industry has been categorized into Fungicides, Insecticides, and Non-chemical Treatments.

By Crop Type:

This segment is further categorized into Oilseeds, Cereals, Fruits & Vegetables, and Pulses.

By Region:

Industry analysis has been carried out in key countries of North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Catalase Market Forecast: Set to Hit USD 516.6 Million by 2032 | Future Market Insights Inc.

The global catalase market size is currently valued at USD 387.4 million and is projected to grow to USD 516.6 million by 2032, with a compound annual growth rate (CAGR) of 2.9% from 2022 to 2032.

Catalase is a widely occurring enzyme present in nearly all living organisms. It accelerates the decomposition of hydrogen peroxide into water and oxygen when exposed to oxygen. This enzyme plays a vital role in protecting cells from oxidative damage caused by reactive oxygen species.

Catalase is the most efficient enzyme, as a single molecule of catalase can convert millions of hydrogen peroxide molecules into water and oxygen every second.

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Catalase contains four iron-based heme groups that facilitate its reaction with hydrogen peroxide. The enzyme’s pH depends on the species producing it, typically ranging from 6.8 to 7.5 but can vary between 4 and 11. For human-produced catalase, the pH is approximately 7.

Grey hair in individuals can indicate reduced levels of catalase. This enzyme is utilized across various industries, including pharmaceuticals, chemical synthesis, textiles, personal care and cosmetics, and food and beverages.

Catalase plays a crucial role in protecting cells from oxidative damage caused by reactive oxygen species (ROS). By reducing oxidative stress and acting as an antioxidant, catalase is essential for cellular health. These unique selling points are expected to drive the growth of the global catalase market throughout the forecast period from 2022 to 2032.

Key Takeaways from Catalase Market

  • North America holds more than 29% of the market share. This could be reasoned with consumers increasingly preferring natural products with skin adornment concerns. Also, inclination towards packaged food and beverages is adding to the revenue.
  • Europe holds more than 27% of the overall market share. This could be credited to boom in the cosmetics and personal care vertical all across the Europe. Cosmetics Europe has confirmed that Germany stands first with respect to cosmetics and personal care products, followed by Italy, France, and Poland.
  • The Asia-Pacific is expected to grow at the fastest rate in catalase market with countries like India and China representing a fascinating platform for various industries to fund research efforts.

Competitive Landscape

  • BIO-CAT, along with BIO-CAAT Microbials, did declare investment worth USD 35 Million in March 2022 for significantly expanding the Troy facility. This would help in enhancing the functionality of fermentation. The first phase of expansion comprises construction on a 53,800-square feet area. The future expansion is expected to reach 100K square feet. Completion is expected by May 2023. The existing output is expected to increase by over 400%.
  • Biocatalysts, in October 2021, did announce intention of building aa novel 10 m3 fermenter coupled with downstream processing facilities to cater to their cutting-edge enzyme producing facility. This facility claims to provide upscalation with regards to commercial production fermentation and flexibility herein. It could also ferment E. coli, Yarrowia, and Pichia, and later process them downstream.
  • Horizon AG-Products, LP comes across as one of the biotechnology-based plant health product manufacturers for farming vertical. The items available include calcium products, hydra-humus, fertilizer additives, catalase compounds, humic-acid, and micronutrient products. The company does create atmospheric biosensors basically using glucose oxidase for determining the activity of catalase.
  • Tonbo Biosciences produces bespoke and standard agents. It makes way for recombinant proteins, receptors, proteases, pH buffer solutions, and monoclonal antibodies. PCR and ELISA reagent kits are also available. Antibody conjugation services are also available with them.

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Key Segments Profiled In The Catalase Industry Survey

Catalase Market by Source:

  • Catalase sourced from Bovine Livers
  • Catalase sourced from Microorganisms

Catalase Market by End Use:

  • Catalase for Food & Beverage
  • Catalase for the Textile Industry
  • Catalase for Pharmaceuticals
  • Catalase for Personal Care
  • Catalase for Other End Uses

Catalase Market by Product Type:

  • Liquid Catalase
  • Powder Catalase

Catalase Market by Region:

  • North America Catalase Market
  • Latin America Catalase Market
  • Europe Catalase Market
  • Asia Pacific Catalase Market
  • Middle East and Africa Catalase Market

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Health and Wellness Industry Forecasted to Hit USD 15,982 Million by 2034

The global health and wellness product market size value is estimated to be around USD 7,235 million in 2024. The overall market size, in terms of value, was around USD 4,947 million in 2019, and it expanded at a rate of 7.9% per year between 2019 and 2023.

The pandemic prompted a shift in behavior across all demographics, leading to increased spending on preventive healthcare and wellness products. As a result, the holistic wellness products market is projected to experience an annual growth rate of 8.2% from 2024 to 2034, according to recent trends.

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Consumer preferences are rapidly changing through social media, driving a growing demand for rare and unique health and wellness products. Consequently, the health and wellness product industry is expected to reach a valuation of USD 15,982 million by the end of 2034.

Key Takeaways from the Health and Wellness Product Market Study Report

  • In Europe, Germany is expected to witness an astounding CAGR of 11.8% in demand for health and wellness products till 2034.
  • The United Kingdom follows behind Germany in wellness trends as its regional market is expected to progress at a CAGR of 6.9% through 2034.
  • In Asia, China captures a sizable market share for health and wellness products and is likely to grow at a rate of 5.5% per year till 2034.
  • India is a remarkably growing natural health product market, and it is anticipated to witness a 9.8% CAGR through the projected years.

Competitive Landscape for the Health and Wellness Product Market Participants

The health and personal care products market is highly competitive, with numerous small and large players actively participating. Major market leaders are rapidly expanding and increasing their investment in research and development to diversify their product offerings and meet the growing demand for specialized solutions.

Recent Developments in the Health and Wellness Product Industry Players

In September 2023, the Shiseido Company announced the introduction of a new wellness product line or brand, ‘Shiseido Beauty Wellness.’ Shiseido, a well-known Japanese beauty company, is growing its business and aiming to expand this new product line throughout Asia. The brand also aims to introduce SBW in other Asian countries, including China, by February 2024. Along with Tsumura and Kagome, the company intends to conduct preliminary research and development in Japan before expanding to other countries.

In April 2023, Herbalife Company announced it to make 106 new product SKUs available in all 95 of the regions it now serves within the first quarter of 2023. Herbalife brand is a global community focused on health and wellbeing to encourage active, healthy lifestyles worldwide. Introducing these new items demonstrates the brand’s continued dedication to grow and improve the range of high-quality products in several wellness categories.

Key Players Profiled in the Health and Wellness Product Market Report

  • Pfizer Inc.
  • PROVANT HEALTH SOLUTIONS INC.
  • Nestle
  • The Kraft Heinz Company
  • Arbonne International
  • Buy Wellness
  • GSK
  • Walgreens Co.
  • Procter & Gamble
  • General Nutrition Centers Inc.

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Key Segments Covered by Health and Wellness Product Industry Survey Report

By Product Category:

  • Beverages
  • Packaged Food
  • Baby Food
  • Baked Products
  • Breakfast Cereals
  • Confectionery
  • Dairy Products
  • Frozen Food
  • Sauces
  • Snacks
  • Other Product Types

By Sales or Distribution Channel:

  • Supermarket
  • Hypermarket
  • Independent Stores
  • Drug Stores
  • Unorganized Stores
  • Single Brand Store
  • Other Sales Channels

By Function:

  • Beauty Products
  • Brain Health Supplements
  • Immune Support Supplements
  • Weight Management
  • Other Functions

By Product Type:

  • Food Intolerance
  • Fortified Food Products
  • Organic Products
  • Other Categories

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia and Pacific
  • The Middle East and Africa (MEA)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Rising Demand in Oil & Gas Industry Drives Growth of Low Dosage Hydrate Inhibitors Market to USD 176.82 billion by 2033

The low dosage hydrate inhibitors market demand is predicted to be worth USD 81.57 billion in 2023 and rise to USD 176.82 billion by 2033. Initially, the global market was expanding at a CAGR of 7.7% from 2018 to 2022.

The low-dosage hydrate inhibitors (LDHIs) sector is anticipated to expand significantly over the next several years as a result of rising energy consumption and the need to explore oil and gas in challenging terrain. LDHIs are used to stop the growth of hydrates, which can clog pipes and other equipment and pose serious production and safety risks.

The LDHI market is expected to expand due to the rising demand for natural gas, as well as the increased exploration of oil and gas in deep-water and ultra-deep-water locations. These areas are typically characterized by high pressures and low temperatures, which increase the risk of hydrate formation.

To create new and advanced LDHIs that are more efficient, require smaller doses, and are more effective, businesses are spending a lot of money on research and development. This program enables businesses to stand out from their rivals and adapt to the shifting demands of the market.

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Opportunities for Expanding Market Profitability

Growth in the market is anticipated to be fueled by the development of new and enhanced low dosage hydrate inhibitors, which have lower dosage requirements and are more effective at preventing hydrate formation. Furthermore, it is anticipated that the usage of LDHIs in conjunction with other technologies, such as corrosion inhibitors and flow enhancers, is likely to open up new prospects for market expansion.

Key Takeaways

  • By 2033, the United States is expected to have an 8% CAGR in the low dosage hydrate inhibitors market.
  • The low dosage hydrate inhibitors market was significantly expanding, with a size of US$ 75.37 billion in 2022.
  • The market offers incredible prospects as a result of surging use in the oil & gas industry, and analysts predict a US$ 95.24 billion of absolute opportunity between 2022 and 2023.
  • The market in China is anticipated to expand at an adequate CAGR of 8.3% by 2033.
  • By 2033, Germany is expected to have a 5.3% CAGR in the low dosage hydrate inhibitors market.
  • By 2033, Japan is expected to have a 6.7% CAGR in the low dosage hydrate inhibitors market.
  • By 2033, it is anticipated that the France market could expand at a respectable CAGR of 8.1%.
  • Based on the product type, the kinetic hydrate inhibitor is likely to lead the market with a CAGR of 6.2% and continue to lead the market.
  • Based on terrain type, the offshore continues to dominate the sector with a CAGR of 8% during the forecast period.

Critical Approaches Increasing Top Players’ Wealth

Leading market participants for low dosage hydrate inhibitors are concentrating on forming alliances with oil and gas firms to carry out in-depth research and development operations. Many industries are currently producing and developing methane hydrate inhibitors (MHIs) for use in the oil and gas industry.

Top Key Players in the Global Market

  • BASF SE
  • Schlumberger
  • Ashland
  • Arkema Group
  • ERO CHEM LLC
  • Halliburton
  • Baker Hughes Incorporated
  • Clariant Chemicals
  • Ecolab
  • GasHydrate LLC

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Recent Developments

  • A High Throughput Experimentation (HTE) platform was created by Clariant, a multinational specialty chemicals firm with headquarters in Switzerland, in November 2019 to support the development of new products.
  • Leading supplier of specialty chemicals and services to the oil and gas sector is Nalco Champion. Under its KATHON™ and RUST-X™ brands, the firm provides a variety of MHIs, including KATHON™ CG, which is developed to give high hydration inhibition performance and minimize environmental effect.
  • In November 2019, a study on the evaluation of hydrates inhibition utilizing monoethylene glycol and low dosage hydrate inhibitors in deep-water production systems was published in the Journal of Petroleum Exploration and Production Technology.

Key Segmentation

By Product Type:

  • Anti-agglomerate (AA) Inhibitors
  • Kinetic Hydrate Inhibitors (KHIs)

By Terrain Type:

  • Onshore
  • Offshore

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Non-commercial Acrylic Paint in the United States Market to Grow at 4.5% CAGR, Reaching USD 466.5 million by 2034: DIY Trends Drive Demand

The demand for non-commercial acrylic paints in the United States is predicted to surge at a 4.5% CAGR through 2034. According to the estimates, the non-commercial acrylic paint industry in the United States is valued at USD 299.3 million in 2024 and is projected to surpass USD 466.5 million by 2034.

The growth of online communities devoted to creativity and the arts has widened access to educational materials and peer support for budding artists. Through social media groups, forums, and instructional videos, people can readily connect with other like-minded individuals, exchange useful tips and strategies, and request feedback on their work.

In addition to providing a supportive and encouraging environment, this virtual ecosystem acts as a catalyst for creativity, encouraging more individuals to take up a paintbrush and give acrylic painting a try. As more people get enrolled in these communities, the demand for non-commercial acrylic paints in the United States rises.

The emergence of e-commerce platforms has revolutionized the way people purchase art supplies, particularly acrylic paints that are not intended for commercial use. Online stores provide a huge assortment of goods, affordable prices, and the ease of buying whenever and wherever you choose.

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Given their increased accessibility, acrylic paint businesses can now reach a wider audience outside of traditional brick-and-mortar storefronts. The non-commercial acrylic paints industry in the United States is experiencing tremendous development due to e-commerce, particularly among younger generations.

Note from the Analysts

“Strategic alliances and customization are essential for increasing revenues of the non-commercial acrylic paints industry in the United States. In order to maintain resilience in this dynamic market, businesses must swiftly adjust to satisfy the desires of environmentally concerned consumers.” Says a Lead Analyst at Future Market Insights (FMI).

Key Takeaways from the Report on Non-commercial Acrylic Paint Industry in the United States

Competitive Landscape

The non-commercial acrylic paints industry in the United States is highly competitive, with prominent companies striving for market share and brand domination. Established companies like Liquitex, Golden Artist Colors, and Winsor & Newton have a long history of quality, innovation, and product differentiation, which has helped them maintain their position as industry leaders.

These businesses retain a competitive advantage in the industry by using broad distribution networks, strong brand equity, and wide product portfolios, offering premium-grade acrylic paints customized to the requirements and preferences of both professional painters and enthusiasts.

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Recent Developments

Key Companies Profiled

Golden Artist Colors, Inc.; Liquitex Artist Materials; Da Vinci Paint Co.; Chroma Atelier; Crafts 4 All; Daler-Rowney; Faber-Castell; Winsor & Newton; Koninklijke Royal Talens B.V.; Reeves; M. Graham & Co.; PEBEO SAS; HK Holbein Inc.; Decoart Inc.; Plaid; Crayola; AEM Hi Arts; Colors 4 Crafts; Matisse; Arteza; Madisi; Americana Acrylic; Shuttle Arata; Mont Marie; Color Technik.

Segmentation Analysis

By Type:

The industry trifurcates into fluid acrylics, heavy-body acrylics, and slow-drying agents by type.

By Grade:

The sector bifurcates into artist grade and student grade based on grade.

By Application:

Non-commercial acrylic paints find application in wood, metal, fabrics, ceramics, canvas, and paper.

By Sales Channel:

The sector bifurcates into online and offline based on sales channels.

By Region:

The industry analysis is conducted in the Southwest, Southeast, Midwest, Northeast, and West parts of the United States.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Neopentyl Glycol Demand on the Rise: Market Set to Hit USD 2,418.4 million by 2033, Driven by Diverse Applications

The global neopentyl glycol (NPG) market share is projected to reach a valuation of USD 2,418 million by 2033, with sales growing at an average CAGR of 4.6% from 2023 to 2033. As per FMI reports, in 2022, top players in the neopentyl glycol market accounted for about 60% to 65% of the global market share.  The target market will likely reach an estimated USD 1,542.4 million in 2023. The neopentyl glycol market is expected to grow by 1.6 times during this observation period under the influence of increasing adoption of NPG in applications such as adhesives and sealants, paints and coating, lubricants, and plasticizers.

Neopentyl glycol is a crystalline substance with combustible characteristics. It is an organic compound that is chloroform, benzene, and water-soluble. The superior chemical and thermal stability of neopentyl glycol drives the growing demand in the international marketplace. It is estimated that low volatile organic compound (VOC) content will spur the demand for neopentyl glycol.

Owing to its excellent properties, NPG finds industrial applications in closed-system functional fluids, dyes, paint & coating additives, and lubricants. The rising adoption of NPG in lubricating engines of automobiles and aircraft will bode well for the market as the global aircraft and automobile industries are expected to prosper in the upcoming years.

Historically, the market observed a CAGR of 4.4% from 2018 to 2022. FMI predicts significant recovery from this growth rate with countries like India, Indonesia, Mexico, and Korea emerging as highly opportunistic markets for neopentyl glycol. This is due to the rapid development of the economies in these countries.

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Again, attributes like superior resistance to weather, chemicals, and hot water, 65% water solubility, 210 degrees Celcius sublimation temperature, easy solubility in aromatic compounds, ethers, lower ketones, lower alcohol, and its hygroscopic and odorless natures encourage market growth of neopentyl glycol. Additionally, initiatives of regulatory agencies will also push for the adoption of NPG across multiple industrial verticals in the coming years. The market for neopentyl glycol looks at positive prospects in the upcoming years.

In spite of a positive outlook, the neopentyl glycol market is not without its share of limitations and restraints. The availability of alternatives and substitutes such as 2-Methyl-1, 3-propanediol, and ethylene glycols will have an adverse impact on the market. These alternatives are affordable and possess features that are ideal for specific products compared to NPG. This will likely act as a hindrance to the growth of the NPG market.

Key Takeaways:

Competitive Landscape

The international NPG market is a highly consolidated one with key players accounting for a significant portion of the market share. Leading market participants are focusing on product development, expanding their production capacities, and competitive pricing. Joint ventures, mergers, acquisitions, collaborations, and partnerships are also employed by these businesses. For example, in 2022, QQ Chemicals launched a new derivative of NPG while BASF SE declared its investment in a new NPG plant.

Key Companies Profiled

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More Insights Into Neopentyl Glycol (NPG) Market

FMI offers the latest, unbiased, and detailed analysis of the global neopentyl glycol (NPG) market, providing historical data from 2018 to 2022 and forecast statistics for 2023 to 2033. For a comprehensive understanding of the global market potential, growth, and scope, the market is segmented on the basis of physical form, grade, application, end-use industry, and region.

According to the reports, based on segmentation, the flakes form will continue to dominate the global market as they are often used for synthesizing several materials. In terms of end-use, the building and construction sector will create high demand for NPG due to the growing need for paints, insulation materials, resins, and coatings. Based on region, the neopentyl glycol market in North America will present impressive growth with a market share of 13.1% during 2023 and 2033. This regional market will be mainly driven by the strong presence of market players in the US. The heightened popularity of eco-friendly and powder forms of paints and coatings coupled with increasing automobile production will also aid the growth of the market in North America. During the forecast period, countries like India, Japan, Germany, and China also contribute to the global growth of the neopentyl glycol market.

Neopentyl Glycol (NPG) Industry by Category

By Physical Form:

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Rising Health Awareness Boosts Demand for Diketene Derivatives in Pharmaceuticals and Nutraceuticals

Future Market Insights’ new market research report titled ‘Diketene Derivatives Market: Global Industry Analysis 2013–2017 and Opportunity Assessment 2018–2028′, investigates the diketene derivatives market, and provides critical insights for the forecast period 2018 and 2028.

As per the findings of the report, the global diketene derivatives market is expected to witness significant growth between 2018 to 2028, because of reasons such as increasing demand from pharmaceutical and nutraceutical, agrochemical, and pigment and dye industries. The global diketene derivatives market was valued at USD 324.9 Mn in the year 2017, and is expected to expand at a CAGR of 8.2% over the forecast period of 2018 to 2028.

Increasing production of medicines, vitamins, pesticides, and paints and coatings, among others, has resulted in a drastic increase in the demand for diketene derivatives, which are used as intermediates in their production. This explains the projected high growth of the diketene derivatives market during the forecast period.

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South Asia Expected to Project Significant Growth Opportunities for Global Diketene Derivative Market Players

The global diketene derivatives market is fairly large and consolidated. There are a few players that have established themselves at international as well as domestic levels. These players are trying to grow further by expanding into high-growth regions, and also by expanding their manufacturing capacities to cater to the increasing demand.

East Asia is expected to be a prominent region in the global diketene derivatives market throughout the forecast period, because of the increasing production and consumption in China. Besides East Asia, South Asia, which includes countries such as India, Malaysia, and Thailand, is also projected to be a lucrative region for the global diketene derivatives market.

Developing economies, industrialization, and increasing annual income of the population in this region are some of the reasons that are majorly driving the opportunities of growth in South Asia.

Alkylamides – by Derivative, and Pharmaceuticals & Nutraceuticals – by Application, to Remain Prominent over the Forecast Period

The market has been segmented on the basis of derivative and application, besides the seven regions.

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Diketene Derivatives Market: Vendor Insights

The report highlights some of the market players that are prominent and have established themselves as the leaders in the global diketene derivatives market. Most of these players offer diverse portfolios of diketene derivatives for various end-use industries. Other key strengths that are important and common among these global diketene derivative players are their global presence and active participation in research and development (R&D), which helps them compete, expand their diketene derivatives product portfolio, and grow further in the global diketene derivatives market.

Key Segment

By Derivative

By Application

By Region

Things to Know:

  1. Growth Outlook: The diketene derivatives market is expected to grow at a compound annual growth rate (CAGR) of 8.2% from 2022 to 2032.
  2. Leading Regions: East Asia and South Asia are currently the leading regions in the diketene derivatives market and are projected to maintain their dominance throughout the forecast period.
  3. Diketene Derivatives Market Valuation: By 2032, the diketene derivatives market is anticipated to reach a valuation of approximately US$ 1,059.97 million.
  4. Key End User Sectors: The pharmaceuticals and nutraceuticals sectors are the primary end users driving demand in the diketene derivatives market.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Advanced Aerospace Coating Industry Analysis in Europe to Reach USD 846.47 million by 2034: Innovation Drives Growth

Increasing demand for efficient and lightweight advanced aerospace coatings is expected to be a major factor driving the demand for advanced aerospace coatings in the Europe market during the forecast period. Europe advanced aerospace coatings market was evaluated at just over USD 519.66 million in 2024, which is anticipated to register a CAGR of 4.5% through 2034.

The report provides comprehensive information on market trends, value (USD Million) and volume (‘000 Li), competition, recent developments, and dynamics in Europe advanced aerospace coatings market for the duration between 2024 and 2034.

Rising Aircraft Production & Expanding Fleet Size Continues to Generate Sustained Demand for Advanced Aerospace Coatings in Europe

Europe’s increasing air passenger traffic has been leading to an increase in the demand for commercial aircraft. This, in turn, has led to an increase in the production of commercial aircraft. The growth of the advanced aerospace coatings market is directly dependent on the total aircraft production and the fleet size.

Rising production and sales of aircraft, particularly in developing countries within the region are anticipated to create noteworthy opportunities in Europe’s advanced aerospace coatings market. Increasing aircraft deliveries by leading manufacturers such as Airbus and Boeing are underpinning substantial additions to the existing aircraft fleet size of Europe.

Progressing Scenario within MRO Segment to Majorly Influence Europe’s Advanced Aerospace Coatings Market Growth

As the number of aircraft that are in service is increasing constantly, the report prompts the subsequent rise in demand for maintenance, repair, and overhaul (MRO) of various aircraft parts, components, and vital systems. This, according to FMI, will trigger the revenue growth of the MRO sales channel within Europe’s advanced aerospace coatings market during the forecast period.

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The MRO sales channel of the commercial segment of the Europe advanced aerospace coatings market is projected to grow at a 5.9% value CAGR during the forecast period. Increasing fleet size of commercial as well as business aircraft and high demand for customized exteriors are some of the other factors driving the growth of the advanced aerospace coatings MRO sales channel.

Aftermarket Sales of Advanced Aerospace Coatings in Europe to Gain Uptick with Soaring Demand for Leased Aircraft

An aircraft is one of the most expensive commodities, a number of small airline carriers prefer to lease from major players. While leasing aircraft helps these airline carriers avoid high capital investments, they generally tend to renovate the entire aircraft before putting it into operation. The entire aircraft cabin is renovated according to specific requisites of respective airline carriers and their customer demands.

More often, a leased aircraft is coated with multiple paints and colors, highlighting the symbol and logo of particular airlines. According to the report, the increasing rate of aircraft leasing will continue to push the growth of the advanced aerospace coatings market in Europe.

Rapid Sales of Advanced Aerospace Coatings Continue to Suffer from Relatively Gradual Growth of European Economies, Post-Crisis

Post the financial crisis, economic growth has slowed down, as compared to the growth registered prior to the financial crisis. Wage growth has been weak and most of the industrial work has been outsourced to emerging economies, which has made industrial investment in developed economies weak. This, in turn, has been restraining the growth of the advanced aerospace coatings market.

Democratic uprisings, such as the Arab Spring, economic sanctions against Russia and the involvement of Ukraine in a proxy war, have pushed many countries into economic turmoil. The market in these nations has been deteriorating exponentially and in recent times, these markets have been exhibiting a moderate growth scenario. Due to the economic crisis, the purchasing in these countries has come down drastically and subsequently, the demand for advanced aerospace coatings has suffered.

Advanced Aerospace Coatings Market – Competition Landscape

The Europe advanced aerospace coatings market is consolidated with the top two market players (Akzo Nobel and PPG Industries Inc.) accounting for double-digit market shares as of 2017. The top ten players in the Europe advanced aerospace coatings market are projected to collectively account for between a 50% and 60% market share.

In the recent past, the advanced aerospace coatings market has witnessed significant improvements from a competition perspective. Acquisitions, collaborations and expansion of production capacity are some of the key strategies being adopted by market players to expand and sustain in the Europe advanced aerospace coatings market.

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Europe Advanced Aerospace Coatings Market: Segmentation

By Product Type

By Application

By End Use

By Country

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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T: +1-845-579-5705
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Rising Demand in Medicine & Electronics Fuels Graphene Nanocomposites Market Growth to USD 2,796.7 Million by 2031

The global graphene nanocomposites market production is estimated to have a year-on-year growth with a 37.0% growth rate in 2022, surpassing a valuation of US$ 2,796.7 Million by 2031. An opulent CAGR of 32.5% is projected to drive sales throughout the forecast period of 2021-2031.

Future Market Insights presents a half-yearly growth comparison between previous projections and the current estimations. Owing to an array of industrial and innovation factors including research and development expenditure, and nanotechnology sector commercialization, advancement in the industrial sector is estimated to boost the growth outlook of the market.

The applications of graphene nanocomposites are multipurpose and used in diverse industries including medical, biomedical and energy storage segments. As per the FMI analysis sales in the graphene nanocomposites market represented 4.5% of the global nanocomposites market in 2020.

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Key Takeaways

Competitive Landscape

Versarien Plc, Haydale Graphene Industries Plc, Graphenea S.A, Applied Graphene Materials PLC, Taiwan Graphene Co., Ltd., Ningbo Moxi Technology Co., Ltd, Graphene Tech, S.L., XG Sciences Inc., NanoXplore, Inc, Directa Plus Plc, Aztrong Inc. are some of the key companies profiled in the full version of the report.

Leading players operating in the graphene nanocomposites market are investing in strategic business agreements for the commercialization of graphene and are focusing on the incorporation of proprietary and green technology for graphene production. Apart from this, players are focusing on research and development to explore new application areas of graphene nanocomposites that can serve more end uses, to gain a competitive edge.

More Insights into the Graphene Nanocomposites Market

According to FMI market analysis China is projected to account for more than one-fourth of the global market share with an impressive revenue of above US$ 623.8 Mn in 2031.

China is expected to dominate the graphene nanocomposites market across the globe. Owing to the increased investment in innovation and development of new products such as new silicon graphene nanocomposites for lithium-ion batteries is expected to spur market growth.

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Leading manufacturers in China are heavily investing in the electronics sector contributing to being a chief factor projected to fuel sales of graphene nanocomposites over the forecast period.

The North American region is projected to control the market, accounting for approximately 87.2% of the North American graphene nanocomposites market in 2031. In 2021, the market is expected to grow by 37.2% year on year, reaching a valuation of US$ 42.5 Mn.

Owing to the expansion of the medical and biomedical sector in the US is expected to bode well for the market over the forecast period.

Demand in Russia is projected to account for 17.3% of the Europe graphene nanocomposites market share in 2031. The country is investing in research and development, and graphene has been declared a priority research subject.

Graphene Nanocomposites Markey by Category

By Product Type:

By Application:

By Region:

Things to Know:

  1. Current Market Value: The graphene nanocomposites market reached a valuation of US$ 167.5 million in 2021.
  2. Growth Rate (2018-2020): The market experienced robust growth, exhibiting a 30.5% CAGR between 2018 and 2020.
  3. Key Trends Driving Sales: The incorporation of green technology for graphene production and strategic business agreements for commercialization of graphene are key trends driving sales.
  4. Demand Outlook in North America: The North America graphene nanocomposites market is projected to grow at an impressive 32.1% CAGR during the forecast period.
  5. Market Share in East Asia: The graphene nanocomposites market in East Asia is anticipated to hold a market share of 44.0% by 2031.
  6. USA Market Share: The USA is anticipated to hold a market share of 24.0% in the global graphene nanocomposites market by 2031.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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