Rising Demand in Paints and Cosmetics Fuels Glycol Ethers Market Growth to USD 13.34 billion by 2033

Future Market Insight predicts that the global glycol ethers industry value is expected to grow significantly, reaching USD 13.34 billion by 2033. This projection indicates a CAGR of 5.7%. Notably, this estimated value represents a substantial rise from the projected worth of USD 7.66 billion in 2023.

The automotive industry is a significant consumer of glycol ethers, using them in paints, coatings, and cleaning agents. As the automotive industry expands, especially in emerging economies, there is an increased demand for glycol ethers to support the production of automotive paints, coatings, and cleaning solutions.

The electronics industry relies on glycol ethers for various applications, such as cleaning agents, soldering fluxes, and solvents for printed circuit boards. With the rapid expansion of the electronics industry, including the production of consumer electronics and telecommunication equipment, there is a higher demand for glycol ethers to meet the manufacturing needs of these electronic products.

Glycol ethers find applications in personal care products like lotions, creams, and hair care products as solvents and fragrance stabilizers. As the focus on personal grooming and hygiene increases, the demand for personal care products rises. Consequently, the demand for glycol ethers, which are integral to the formulation of these products, also grows.

Glycol ethers are used as solvents and as components in drug formulations in the pharmaceutical industry. The expanding pharmaceutical sector, driven by population growth and advancements in healthcare, leads to an increased demand for glycol ethers to support the production of pharmaceutical products.

Glycol ethers are effective cleaning agents and degreasers in industrial applications. As industries continuously strive for more efficient and effective cleaning processes, the demand for advanced cleaning solutions, including glycol ethers, increases. The ability of glycol ethers to provide efficient cleaning and degreasing capabilities drives their adoption in various industrial applications.

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Glycol ethers are considered less harmful to the environment and less toxic compared to conventional solvents. As consumers become more environmentally conscious and seek eco-friendly cleaning products, the demand for glycol ethers, which are viewed as greener alternatives, increases. The use of glycol ethers in the formulation of eco-friendly cleaning products drives glycol ethers market growth.

Glycol ethers are commonly used in water-based formulations as they aid in the dispersion and stability of various ingredients. Due to environmental and regulatory concerns, industries such as paints, coatings, and adhesives are increasingly transitioning from solvent-based to water-based formulations. This shift drives the demand for glycol ethers, which are vital in achieving the desired properties and stability in water-based formulations.

Continuous advancements in production technologies, such as improved catalysts and process efficiency, enhance the manufacturing of glycol ethers. These advancements enable increased production capacity and cost-effectiveness, ultimately driving the growth of the glycol ethers market.

Key Takeaways from the Glycol Ethers Market

  • The glycol ethers industry in the United Kingdom is anticipated to rise sizably, exhibiting a CAGR of 3.8% through 2033, primarily driven by the country’s increasing demand for eco-friendly and sustainable solvents in various industries such as paints, coatings, and cleaning products.
  • In 2022, the United States held a significant 29% share of the global glycol ethers industry, driven by the country’s robust manufacturing sector and high demand for glycol ethers in applications such as paints, adhesives, and personal care products.
  • India’s glycol ethers industry is projected to grow rapidly with a CAGR of 5.1% over the forecast period, driven by expanding manufacturing, industrial activities, and demand from sectors like automotive, construction, and pharmaceuticals.
  • In 2022, Japan accounted for an 8.7% share of the global glycol ethers industry, driven by the country’s advanced manufacturing capabilities, strong chemical industry infrastructure, and high demand for glycol ethers in sectors such as electronics, automotive, and cosmetics.
  • China’s glycol ethers industry is poised for rapid growth, driven by a strong manufacturing sector, increasing industrial activities, and growing demand for applications like paints, coatings, and textiles. It is projected to achieve a 4.5% CAGR over the forecast period.
  • In 2022, Germany held a 9.9% share of the global glycol ethers industry, driven by a strong chemical manufacturing sector and high demand in the automotive, pharmaceutical, and electronics industries.

Competitive Landscape in the Glycol Ethers Market

Key players are focusing on strategies such as mergers and acquisitions, product launches, partnerships, and collaborations to strengthen their market position. They are investing in research and development activities to develop innovative and sustainable glycol ether products. Additionally, key players are expanding their production capacities and geographical presence to cater to the growing demand from various industries such as automotive, construction, electronics, and personal care. Overall, they are striving to meet customer demands and capitalize on emerging opportunities in the glycol ethers market.

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Recent Developments by Key Players

  • In March 2023, LyondellBasell commenced production of propylene oxide (PO) at its recently established PO/tertiary butyl alcohol (PO/TBA) facility in Texas. PO is utilized in the manufacturing of propylene glycol (PG) and polyols.
  • In September 2022, INEOS broadened its range of P-series glycol ethers, including the introduction of Propylene Glycol n-Butyl Ethers. This expansion showcases INEOS’ dedication to serving customers in the industrial coatings and home care sectors. The newly launched products mitigate the impact of difficult market and logistical circumstances and enhance INEOS’ standing within the glycol ether market.

The top Key Players are

  1. Eastman Chemical Company
  2. FBC Chemical Corporation
  3. Hannong Chemicals Inc.
  4. Huntsman Corporation
  5. India Glycols Limited
  6. KH Neochem
  7. Royal Dutch Shell

Glycol Ethers Market Key Segments

By Type:

  • E-series
  • P-series
  • Propylene Glycol Methyl Ether
  • Propylene Glycol Propyl Ether
  • Propylene Glycol Methyl Ether Acetate
  • Propylene Glycol Phenyl Ether
  • Others

By Application:

  • Solvent
  • Anti-icing
  • Hydraulic & Brake Fluid
  • Chemical Intermediates

By End Use Industry:

  • Paints and Coatings
  • Printing
  • Pharmaceuticals
  • Cosmetics & Personal Care
  • Others

By Region:

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

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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Expanded Polypropylene (EPP) Foam Market to Surge at 11.4% CAGR, Reaching USD 5.52 billion by 2033

The expanded polypropylene (EPP) foam market is anticipated to thrive at a steady CAGR of 11.4% between 2023 and 2033. The market is expected to have a share of USD 5.52 billion by 2033, while it is likely to be valued at USD 1.87 billion in 2023.

  • The advent of smart packaging with insulation, more online shopping activities, and other industrial applications are flourishing market growth. Furthermore, the diverse range of product applications is also increasing the sales of EPP foam.
  • The expanding automotive sector, with enhanced cushioning in the seats and other vehicle parts, is also consuming a big chunk of the market. Alongside this, the restoration of the building and construction industry with the absorption of new advancements is likely to transform the market.
  • Different grades and pricing increased industrial investment, and easy availability is expected to penetrate the end-user preferences while also dominating as a material in a wide range of sectors.
  • New factory operations involve the usage of this foam’s properties like water resistance, thermal insulation, recyclability, and durability. The increased production of automotive components that are assembled later is also gaining traction.
  • The higher economic activities in emerging Asian nations like India and China also contribute to alternative, durable, and sustainable materials. Hence, higher consumption of the expanded polypropylene (EPP) foam is expected during the forecast period.

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Key Points

  1. The United States market leads the North American expanded polypropylene (EPP) foam market in terms of market share in North America. The United States held a market share of 16.7% in 2022. The factors attributed to the growth are industrial expansion and higher penetration of e-commerce platforms. The government promoting alternative materials and their applications are also helping the regional market.
  2. The German expanded polypropylene (EPP) foam market held a healthy market share of 13.1% in 2022. The advanced automotive sector and extended research and development facilities cause market growth.
  3. The Indian market thrives at a steady CAGR of 13.1% between 2023 and 2033. The growth is attributed to booming automotive production and rising demand for new grades.
  4. China thrives at a CAGR of 12.3% between 2023 and 2033.
  5. Based on grade type, the high-density segment held the leading market share of 50.0% in 2022.
  6. Based on application type, the automotive industry segment leads as it held a market share of 40.0% in 2022.

Competitive Landscape

The key suppliers focus on effective quality, different grades, and easy availability. The competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.

Recent Market Developments

  • Kaneka Corporation introduced molded foam components with different grades of EPP foam for multiple uses, such as automotive, packaging, industrial insulation, and others. The product has properties like shape molding, multiimpact, energy and water absorption, flexibility, and resilience. Other than this, the foam’s structural strength, durability, and lightweight dynamics also promote it as the ideal material for automotive operations.
  • Sonoco Products Company, a foam packaging firm launched the expanded polypropylene (EPP) and expanded polyethylene (EPE) foams.

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Key Players

  • Furukawa Electric Co., Ltd
  • Knauf Industries
  • Dongshin Industry Inc.
  • Kaneka Corporation
  • JSP Corporation
  • BASF SE
  • SSW Pearl Foam GmbH
  • Sonoco Products Company
  • Clark Foam
  • Bradford Company

Key Segmentation of Expanded Polypropylene (EPP) Foam Market

By Grade Type:

  • Low Density
  • High Density
  • Porous PP

By Application:

  • Automotive
  • Industrial Packaging
  • Consumer Products
  • Building & construction
  • Others

Key Regions

  • North America
  • Latin America
  • Europe
  • Japan
  • Asia Pacific Excluding Japan
  • 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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Organo-Modified Bentonite Market to Reach USD 501.3 Million by 2033 Amid Rising Demand in Drilling Fluids and Concrete Manufacturing

The global organo-modified bentonite market sales are predicted to be valued at USD 271.8 million in 2023 and are set to surpass a valuation of USD 501.3 million by 2033. The global market size is anticipated to grow at a substantial CAGR of 6.3% throughout the forecast period from 2023 to 2033.

An organically modified form of bentonite is utilized in a wide variety of applications due to its phenomenal binding, absorbency, and lubrication properties are called organo-modified bentonite. Its main component is bentonite (montmorillonite clay).

Furthermore, the surging applications of organo-modified bentonite in drilling fluids and its high usage as a partial substitution of cement in concrete manufacturing are a few prominent factors that are facilitating the expansion of the worldwide market. Attractive features of organo-modified bentonite such as excellent thickening ability and compatibility make it a popular product in the paints & coatings industry.

Over recent years, substances such as organo-modified bentonite, kaolin, and kaolinite have gained immense traction due to their increasing usage in paints, ceramics, and other highly sought-after products. In addition to that, rising exploration activities in the oil & gas industry are escalating energy demand.

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It is further expected to boost the global organo-modified bentonite industry during the forecast period. Organo-modified bentonite has become one of the commonly used organoclay rheological additives. It is extensively used in drilling fluids across the oil & gas sector. Utilizing drilling fluids with unique compositions has become a critical aspect of drilling operations in deep wells.

Key Takeaways in Organo-modified Bentonite Market

Competitive Landscape in Organo-modified Bentonite Market

Key manufacturers of global organo-modified bentonite are concentrating on research and development activities for the development of products, employing different quaternary ammonium salts for different applications. Besides this, they are employing strategies such as facility expansions, partnerships, collaborations, mergers, joint ventures, and mergers to stay ahead of the competition.

Key Companies Profiled

  1. Elementis Plc
  2. Schlumberger Limited
  3. Laviosa Minerals Srl
  4. Lamberti S.p.A
  5. ZHEJIANG HUATE GROUP
  6. Unitech Chemicals (Zibo) Ltd.
  7. Zhejiang camp-shinning new material Co. ltd
  8. Manek Group
  9. Zhejiang Anji Tianlong Organic Bentonite Co. Ltd.
  10. Zhejiang Qinghong New Material Co. Ltd.
  11. Changxing Guangda New Materials Co., Ltd.
  12. Mineral Technologies Inc.
  13. Clariant AG
  14. Kunimine Industries Co., Ltd.
  15. CB CHRYSTAL
  16. Alfa Aesar
  17. Kutch Minerals Limited
  18. Ashapura Group

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Organo-modified Bentonite Industry Segmentation

By Application:

By End User:

By Region:

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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Suite 401, Newark, Delaware – 19713, USA
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Amine Industry Outlook 2024: Aliphatic Products Lead with 33% Market Share and Robust Growth Forecast

The global amines industry size, valued at USD 39,469.6 Million in 2024, is expected to rise at a CAGR of 9.7% between 2024 and 2034. By 2034, the amines market is projected to generate USD 99,445.7 Million.

Technical advancements in amine manufacturing have boosted its use in commercial and consumer applications, which is a major market driver. The use of amines in new industrial applications, such as water treatment, is anticipated to spread to other industrial sectors.

The chemical has many uses now as a result of ongoing research and development, which is another driver boosting the market. The market has excellent prospects for expansion as a result of the rising usage of new applications.

Stumbling Blocks of the Market

However, the use of amines causes human health issues such as skin diseases, which is a market limitation. One of the main uses of the market is the use of amines in personal care products, which is restricted by strict regulatory laws. The market for amines is predicted to be restrained by the increased use of bio-based chemicals and products in agriculture.

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Pharmaceutical Industry Luring Market Opportunities

The pharmaceutical industry’s growing need for amines to manufacture painkillers is predicted to present the amines market with tremendous growth potential. Growing numbers of elderly people and the prevalence of numerous chronic diseases are driving a growing demand for healthcare services. As a result, the market for amines is expanding due to the expansion of the pharmaceutical industry.

It is anticipated that the growing personal care market, where amines are used to make cosmetics, toiletries, skincare, hair care, and fragrances, will present profitable business opportunities. The purchasing power of consumers for personal care and hygiene products is rising as a result of lifestyle changes.

Regional Outlook

The region that produces the most amines and consumes the most is Europe. Europe currently has the biggest market share as a result. However, the Asia-Pacific region is anticipated to have the highest development potential for the market due to the rising demand and significant investments made there by industry players.

Key Takeaways

Competitive Landscape

The main tactics used by market participants to expand their market share by pooling resources and expertise are partnerships and collaborations.

Some of the leading companies operating in the market are:

  1. BASF SE
  2. Evonik Industries AG
  3. Lonza
  4. Akzo Nobel N.V
  5. Arkema Group
  6. Celanese Corporation
  7. Clariant
  8. Daicel Corporation
  9. Dow Chemical Company
  10. Huntsman International LLC
  11. Eastman Chemical Company
  12. INEOS
  13. LyondellBasell Industries N.V.
  14. Mitsubishi Gas Chemical Company Inc.
  15. SABIC
  16. Solvay
  17. Tosoh Corporation
  18. Indo Amines Limited
  19. Balaji Amines
  20. Amines & Plasticizers Limited
  21. Alkyl Amines Chemicals Limited
  22. RCF Limited

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Recent Development

Expansion

Launch

Key Segments

Product Type:

End Use:

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
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Website: https://www.futuremarketinsights.com
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Firearm Lubricants Market Size to Surge to USD 401.3 million by 2033 Driven by Rising Demand for Low-VOC Solutions

The global firearm lubricants market value is anticipated to reach USD 302.2 million in 2022. Increased demand for weapon lubricants is predicted to result from the growing need for lubricants for firearms with low volatile organic compounds (VOCs). With a CAGR of 2.6% from 2023 to 2033, it is anticipated to have produced USD 401.3 million by 2033.

Firearm lubricants are required to make sure that firearms function as intended. Modern weapon lubricants have high heat as well as burn-off resistance, which helps prevent corrosion and unstick stuck components and actions. The smooth operation of the cannon is aided by a variety of environmental conditions, such as exposure to saltwater spray, low temperatures, and tiny particles. Modern gun lubricants help extend the time that the weapon stays cool and clean.

Firearm lubricants are primarily used with small arms, such as assault rifles, pistols, and machine guns. Guns can only function properly with the help of firearm lubricants, which prevent wear, overheating, and malfunction. Gun lubricants could be used in heavy artillery and other big weapons with additional product research and development. They may accommodate the greatest potential in the intended application in the worldwide market for firearm lubricants if a wide variety of applications are found through careful analysis.

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The introduction of novel firearm lubricants having advanced features, such as bio-lubricants, would increase the market’s competitive advantages over the competitors from 2023 to 2033. The market for firearm lubricants will continue to rise due to the growing demand for firearm lubricants that contain minimal volatile organic compounds (VOCs).

Key Takeaways:

“The military & defense sector’s rising demand is anticipated to have a significant positive impact on the global market for firearm lubricants. Manufacturers in the market for firearm lubricants are concentrating on taking advantage of openings in Asia,” – remarks an analyst at FMI.

Competitive Landscape:

The market for gun lubricants is moderately competitive. Some of the industry players are concentrating on selling weapon lubricants to individual gun owners online. Prominent players in the firearm lubricants market are:

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Some key developments:

Key Segments Profiled:

By Type:

By Form:

By Application:

By End-Use:

By Region:

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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Global Asphalt Pavers Market Set to Achieve a 4.4% CAGR, Projected to Exceed US$ 3,414.6 Million by 2032

The global asphalt pavers market was valued at US$ 2,135.0 million in 2021 and is expected to reach US$ 2,220.4 million in 2022. Furthermore, with increased government spending in creating and updating road infrastructure, overall sales of asphalt pavers are expected to grow at a CAGR of 4.4% between 2022 and 2032, achieving a total valuation of US$ 3,414.6 Million by 2032.

One of the main drivers propelling the worldwide asphalt pavers market is the fast urbanization, rising government investment, and robust growth of the road infrastructure around the globe.

Asphalt pavers are a crucial part of the transportation infrastructure. On roadways, parking lots, and other similar locations, this road construction machinery is used to lay asphalt concrete or Portland cement concrete. On building sites, they apply partially compacted asphalt on flat areas.

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The growing economy and expansion of the road infrastructure are expected to drive up demand for road construction equipment like asphalt pavers during the forecast period. In emerging countries, substantial infrastructure projects are being created for roads, bridges, and ports. These programs aim to enhance the transportation systems of several countries.

Global demand for asphalt pavers is likely to rise as a result of the rising need for dependable road and transportation infrastructure as well as increased road and highway construction activity in both the urban and rural areas.

Similarly, development of new asphalt pavers with better fuel efficiency, and safety and user-friendly features is expected to create lucrative growth opportunities for the manufacturers over the next ten years.

Key Takeaways of Asphalt Pavers Market Study

“The global demand for road construction equipment like asphalt pavers is predicted to be driven by rapid urbanization and population growth. Besides this, rising government spending on the development of transportation infrastructure is anticipated to boost the market for asphalt pavers,” says Future Market insights analyst

Who is Winning?

The top manufacturers dominate the Asphalt Pavers market globally, which is moderately consolidated. Market players are attempting to increase their market share by creating new equipment and modernizing existing product lines thanks to technological advancements. To increase their sales channels in the market, the major corporations are looking to partner with rental businesses.

Manufacturers of asphalt pavers also adhere to important supply trends including the introduction of new products and significant expenditures on R&D. Caterpillar Inc., Fayat Group, SUMITOMO CONSTRUCTION MACHINERY CO., LTD., Ammann Group Holding AG, AB Volvo, and Sany Heavy Industries Limited are a few of the market’s major participants.

Find More Valuable Insights

The research report analyzes the market demand trends of Asphalt Pavers. The Global market estimation and growth projection are based on factors like end-use industries development, COVID-19 crisis impact, replacement ratio, and adoption rate of Asphalt Pavers. As per Future Market Insights research scope, the Asphalt Pavers Market has been studied and segmented on the basis of product type, Working Width, and Power.

The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, the supply side and demand side.

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Key Segments Covered in Asphalt Pavers Industry Analysis

By Product Type:

By Working Width:

By Power:

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 is 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 Refrigeration Compressor Market Projected to Reach US$ 53,732.1 Million by 2032 with a Steady CAGR of 3.6%

The Refrigeration compressors find a large number of applications, such as in domestic refrigeration, commercial refrigeration, and refrigeration systems used in the transportation industry. The major use of a refrigeration compressor is in the process of food preservation. Various refrigeration compressors are available depending upon the type of application, such as in equipment cooling, and for the transportation industry, and chemical industry, among others.

The performance of a refrigeration system depends upon the performance of the refrigeration compressor. Refrigeration compressors find a large number of applications, such as in domestic refrigeration, commercial refrigeration, and refrigeration systems used in the transportation industry. The major use of a refrigeration compressor is in the process of food preservation. Various refrigeration compressors are available depending upon the type of application, such as in equipment cooling, and for the transportation industry, and chemical industry, among others.

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Refrigeration can be defined as the process of heat removal from a substance or an enclosed space for the purpose of reducing the temperature. A refrigeration compressor is a basic and crucial part of the refrigeration system. It makes use of compression to increase the temperature of low-pressure gas and remove vapor from the evaporator. The performance of a refrigeration system depends upon the performance of the refrigeration compressor.

Refrigeration Compressor Market: Trends, Drivers, Restraints

With evolving technology, the use of refrigerators for household purposes is becoming economical. Attributing to this trend, the market for global refrigeration compressors is expected to grow. Commercial refrigerators are mainly used for food storage, and merchandising purposes; these refrigerators contain a remote condensing unit. With rising processed and frozen food consumption globally, the refrigeration compressor market is expected to grow at a fast pace. Many companies are focusing on cost reduction in the manufacturing of refrigeration compressors.

In the last few years, retails stores across the globe are flourishing at a rapid rate. Many major players in the retail sector are expanding in various countries, especially in growing economies. Attributing to this rapid growth of the retail sector, there is a rise in the number of supermarkets and hypermarkets that require large refrigeration systems. This trend is responsible for the growth of the global refrigeration compressor market. Refrigeration systems are widely used in the transportation industry to move perishable food items from one place to another. As the demand for frozen foods, packed foods, etc. is increasing rapidly, the refrigeration compressor market is experiencing rapid growth in the transportation industry. The pharmaceutical industry also needs highly advanced refrigeration systems for the process of cooling certain raw materials, and finished and semi-finished products. As the pharmaceutical industry is experiencing steep growth, the demand for refrigeration compressors is expected to increase.

Refrigeration Compressor Market: Market Participants

Examples of some of the market participants in the global refrigeration compressor market identified across the value chain include:

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

Regional analysis includes:

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.

By Segmentation:

The global refrigeration compressor market can be segmented on the basis of the type of compressor, application, refrigerant used and industry.

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On the basis of type of compressor, the global refrigeration compressor market is segmented as:

On the basis of application, the global refrigeration compressor market is segmented as:

On the basis of refrigerant used, the global refrigeration compressor market is segmented as:

On the basis of type of industry, the global refrigeration compressor market is segmented as:

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 is 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
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Global Distribution Component Market Poised to Reach US$ 60.5 Billion by 2032, Growing at a 4.4% CAGR

The Distribution Components Market report, published by Future Market Insights, an organization with ESOMAR Certified Market Research and Consulting Firm, provides insights and analysis into the Distribution Components market. It outlines the scope and content of the research, covering driving factors, market size, and forecast data for Distribution Components. The report includes detailed segmentations in revenue and shipment, along with 10-year forecasts extending to 2032. Additionally, it discusses key players in the industry, their market shares, the competitive landscape, and regional insights

The global Distribution components market is expected to reach a valuation of around US$ 39,236.6 Million in 2022. As per a new report by Future Market Insights, the market is projected to exhibit growth at a CAGR of 4.4% from 2022 to 2032. It is likely to be valued at US$ 60,525.1 Million by the end of 2032.

The market for distribution components witnessed moderate growth during the past few years, primarily due to the rising number of residential & infrastructure development projects across the globe. The power generation sector has experienced high investments from governments of various countries around the world to support the development of renewable energy sources. The ever-increasing population and rapid urbanization have also resulted in a moderate surge in terms of new residential construction. It is projected to lead to high demand for residential and commercial construction, which would have a positive impact on the demand for distribution components.

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Besides, demand for distribution components has significantly increased as a result of the rapid expansion of the industrial sector throughout the world, as well as rising public awareness regarding the need to save electricity by integrating distribution components into electrical systems. It is also anticipated that the implementation of energy-efficiency norms and regulations for the building of public lighting & power systems will surge the need for distribution components.

Key Takeaways from the Distribution Components Market Study:

“Power consumption at various production facilities is anticipated to increase as the production capacity surges. Manufacturers nowadays are concentrating on reducing their operational costs through efficient power supply with the use of distribution components for efficient and cost-effective production,” says a Future Market Insights analyst.

Competitive Landscape: Distribution Components Market

The distribution components market is highly fragmented, with top players accounting for less than one-third of the global market revenue in 2021. The unorganized sector includes both European and Chinese brands, which are selling their products through local dealers and distributors. European brands mainly depend on their high durability, whereas Chinese brands’ USP remains their significantly lower pricing.

  1. Eaton Corporation
  2. Johnson Electric Holding Ltd
  3. Schneider Electric
  4. ABB Ltd
  5. General Electric
  6. Legrand
  7. Hitachi Ltd
  8. Panasonic Corporation
  9. Leviton
  10. Mitsubishi Electric
  11. Sumitomo Electric Industries
  12. Emerson Electric Co
  13. Fuji Electric
  14. Toshiba Corporation

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Get More Insights into the Distribution Components Market Report

In its latest report, Future Market Insights offers an unbiased analysis of the global distribution components market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented based on product type and by region.

Key Segments Covered In Distribution Components Market Analysis

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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 is 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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Future Market Insights Inc.
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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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Global Wood Chipper Market to Surpass USD 598.6 Million by 2032 with a 3.4% CAGR Growth

The global wood chipper market has seen significant growth, reaching a valuation of USD 418.2 Million in 2021, poised to exceed USD 430.4 Million by the close of 2022. This upward trajectory is expected to continue, driven by increasing adoption across diverse end-use sectors. Projections indicate a steady 3.4% compound annual growth rate (CAGR) between 2022 and 2032, culminating in a total market value of USD 598.6 Million by 2032.

Wood chippers serve as robust machines designed to efficiently reduce wood, predominantly tree limbs and trunks, into smaller wood chips. These devices play a pivotal role in streamlining cleanup processes, offering an ideal solution for minimizing the workload associated with garden maintenance.

Their utility extends beyond residential settings, finding growing applications across construction sites and various industries. Wood chippers facilitate the chipping of a wide array of wood materials into smaller chips, which can then be conveniently transported and utilized as fuel across multiple sectors.

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Regional Insights

According to FMI (Future Market Insights), the wood chipper market in China is expected to witness a robust growth trajectory, with a projected compound annual growth rate (CAGR) of 3.7% over the forecast period spanning from 2022 to 2032. This growth can be attributed to several factors including the rapid expansion of the construction industry, supportive government policies, and the widespread availability of wood chippers at competitive prices.

China boasts the largest construction market in East Asia, encompassing a broad spectrum of projects ranging from infrastructure development to energy and utility construction, residential housing, commercial buildings, and industrial facilities.

Meanwhile, in the United States, the wood chipper market is poised for steady expansion throughout the assessment period. This growth is driven by the increasing utilization of wood chippers, particularly within the thriving paper and pulp industry, as well as the construction sector.

Recent Developments

Key Companies

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Key Segments

By Product Type:

By Fuel Type:

By Capacity:

By End Use:

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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ASEAN Conveyor System Market Projected to Rise at 7.1% CAGR by 2032, With a 7.1% CAGR

Future Market Insights (FMI) has conducted an analysis on the ASEAN conveyor system market, revealing a valuation of US$ 1.7 billion in 2021. Projections indicate a robust growth trajectory, with the market poised to expand at a notable CAGR of 7.1%, reaching a valuation of US$ 3.7 billion by 2032. Among the various types of conveyor systems, roller conveyor systems are anticipated to hold a significant share, accounting for over 22% of total deployment in the ASEAN region by the end of the forecast period.

The burgeoning demand for warehousing facilities is expected to be a key driver propelling the growth of the conveyor system market in the ASEAN region. With the rapid development of various industries, there is a growing need for extensive warehousing services to accommodate goods and products. This surge in warehousing demand, coupled with the expansion of the e-commerce sector across ASEAN countries, is driving growth in the conveyor system market.

Indonesia is forecasted to emerge as a dominant force in the ASEAN conveyor system market, particularly in terms of revenue generation in 2022. The Indonesian market is poised for continuous growth throughout the forecast period, with projections indicating that it will capture nearly 30% of the ASEAN market share.

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Growth Factors

The Indonesian intralogistics landscape is experiencing a significant shift driven by various factors. With the international trade of goods witnessing a surge propelled by shorter product lifecycles and advancements in multiple end-use industries, there has been a notable expansion of warehouses and logistics facilities. Countries like Malaysia, Thailand, and particularly Indonesia are bolstering their bulk handling ports and recycling operations to meet the escalating consumer demand.

In the realm of e-commerce, conveyor systems play a pivotal role in optimizing process flow and enhancing productivity at crucial junctures. The heightened demand for warehousing and logistics services in the ASEAN region is poised to fuel the conveyor systems market, particularly in the context of warehousing and logistics operations, driving growth across the ASEAN landscape.

Various factors are expected to exert influence on each segment of the ASEAN conveyor system market. For instance, Indonesia is anticipated to gain a notable increase in market share by 200 to 250 basis points, whereas the logistics and warehousing sectors in Indonesia are forecasted to experience a moderate decline of 10 to 50 basis points over the next decade.

Key Companies

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Market Key Segments

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By Operation Type:

By Capacity Type:

By Application Type:

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
LinkedIn| Twitter| Blogs | YouTube