Market Research Blog – Page 1732 – New Product Development

Magnesium Metal Market Set to Reach USD 9 Billion by 2033 with 5.4% CAGR Growth

According to projections, the market for magnesium metal will be worth USD 5.3 billion in 2023 and USD 9 billion in 2033. Sales in the magnesium metal market are predicted to rise at a compound annual growth rate (CAGR) of 5.4% during the forecast period.

A significant opportunity lies in the development of magnesium-based batteries. As the demand for energy storage solutions increases, researchers are exploring magnesium as an alternative to lithium-ion batteries. Magnesium-based batteries have the potential for higher energy density, longer lifespan, and improved safety, opening up new avenues for magnesium metal manufacturers.

A promising opportunity is the use of magnesium alloys in lightweight automotive applications. With the growing focus on fuel efficiency and reducing carbon emissions, automakers are seeking lightweight materials for vehicle components. Magnesium alloys offer excellent strength-to-weight ratio, making them an ideal choice for lightweight automotive parts. Expanding into the automotive sector can drive significant growth in the magnesium metal market.

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In terms of trends, sustainability is a key driver. The magnesium metal industry is increasingly adopting sustainable practices, including efficient recycling processes, reducing energy consumption, and minimizing waste. This trend aligns with the global push towards eco-friendly manufacturing and supports the market’s growth potential. Advancements in additive manufacturing or 3D printing technology offer exciting prospects for magnesium metal. 3D printing enables complex designs and customization, opening doors to new applications and creating opportunities for magnesium-based products in various industries.

Key Takeaways from the Magnesium Metal Market:

As per FMI, the United States is spearheading the growth across North America, grew at a CAGR of 7% in 2022.
As per Future Market Insights, the Asia Pacific region held the largest portion of revenue, surpassing 43% in terms of market share in 2022.
As per FMI, the die casting application segment held the largest share of revenue, surpassing 37% of the total market share in 2022.

“The magnesium metal market exhibits steady growth potential, driven by its versatile applications across industries. Increasing demand, technological advancements, and focus on sustainability are key factors shaping the market’s future”, remarks an analyst at FMI.

How Key Players are revolutionizing the Manufacturing of Magnesium Metal Market?

Key players in the magnesium metal market are revolutionizing the manufacturing process through various innovative approaches. They are investing in advanced technologies and production methods to enhance efficiency, reduce costs, and improve product quality.

These players are adopting environmentally friendly techniques, such as using renewable energy sources and implementing recycling programs to minimize waste. Research and development efforts are focused on developing new alloys and improving the properties of magnesium metal to expand its applications in industries like automotive, aerospace, and electronics. Overall, the key players’ commitment to innovation and sustainability is driving significant advancements in the manufacturing of magnesium metal, leading to a more efficient and eco-friendly production process.

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Key Players in the Magnesium Metal Market

US Magnesium LLC.
Dead Sea Magnesium Ltd
POSCO, RIMA Group
Solikamsk Magnesium Works OAO
Wenxi YinGuang Magnesium Industry (Group) Co., Ltd.
Shanxi Wenxi Hongfu Magnesium Co., Ltd.
Shanxi Wenxi Zhenxin Magnesium Co., Ltd.,
Taiyuan Tongxiang Magnesium Co., Ltd.

Product Portfolio:

US Magnesium LLC offers a comprehensive product portfolio of high-quality magnesium products, including ingots, extrusions, powders, and specialty alloys. Their diverse range caters to various industries such as automotive, aerospace, electronics, and construction, meeting the stringent requirements of customers worldwide.
Dead Sea Magnesium Ltd boasts a product portfolio featuring a wide array of magnesium products, including ingots, billets, sheets, and rods. Their offerings are derived from the rich resources of the Dead Sea, known for its exceptional purity and quality. These products serve industries such as automotive, medical, and telecommunications, among others.

More Insights Available

Future Market Insights offers an unbiased analysis of the magnesium metal market, providing historical data from 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the magnesium metal market, the report is segmented on the basis of Application (Die-casting, Aluminium Alloys, Metal Reduction, Desulphurization and Others), across 5 major regions (North America, Latin America, Europe, Asia Pacific, and 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 ~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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Specialty Silica Market Projected to Achieve USD 11.93 Billion Valuation by 2033 with a 5.4% CAGR

By 2033, the specialty silica market is projected to be valued at USD 11.93 billion. The market value as of 2023 is USD 7.40 billion. From 2023 to 2033, the specialty silica market is anticipated to grow by 5.4%, in line with the growth prospects of the automotive sector.

The demand for specialty silica has significantly surged due to its increased applications in a broad spectrum of industries. Specialty silica finds its applications primarily in the automotive industry, where it is used to manufacture tires. As the automotive industry continues to grow in countries like Germany, China, and the United Kingdom, the demand for specialty silica in these countries is also very likely to experience a noticeable surge.

Specialty silica is also used extensively in the construction and building sector. The post-pandemic boom in the construction sector is substantially driving the market for specialty silica in the Chinese and Indian markets. Specialty silica is also used in the manufacturing sector in the production of mechanical seals, adhesives, and coatings.

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Colloidal-type specialty silica has gained much popularity in various industries, such as machine tools, construction, and food and beverage. Its versatility and material properties have also made it a preferred choice in manufacturing lotions and creams in the cosmetics industry. The demand for colloidal specialty silica is also rising in the electronics industry, where it is used in the production of semiconductors, electronic chips, circuits, etc.

“There is still a lot of room for development in the specialty silica market. Key players in the market must develop innovative and sustainable ways to procure specialty silica, as there are a lot of environmental concerns regarding the carbon footprint in the manufacturing process. Recent developments in material science and nanotechnology can be very beneficial for the further expansion of this market”, opines an FMI analyst.

Key Takeaways from the Specialty Silica Market Report:

The specialty silica market is expected to grow at a modest rate of 5.4% from 2023 to 2033.
The colloidal type dominates the global specialty silica market, with an overall revenue share of 66.8%.
Regarding application, the rubber industry captures 61.8% of the global specialty silica market revenue.
India is the leading specialty silica market, with a growth rate of 8.5% from 2023 to 2033.
India is followed by China (6.50%), Germany (5.70%), and Australia and New Zealand (5.20%) in terms of specialty silica market growth.

Competitive Landscape:

The competitive landscaper for specialty silica market is still in its growing stages where small enterprises are making significant contributions to the overall specialty silica market by responding to the demand of local consumers, despite the presence of international players like Solvay SA, Huber Engineered Materials, and Madhu Silica.

These international brands, with their established reputation and experience in the industry, have gained popularity in the global market. They are also investing billions of dollars in the research and development of sustainable methods for procuring silica. These companies now focus on emerging economies like India to expand their consumer base.

Recent Developments in the field:

Solvay announced the acquisition of Evonik Industries AG, a specialty silica business, in 2022. Solvay expanded its specialty silica product portfolio and market reach
through this acquisition.
In 2021, a global specialty chemicals and performance materials company, Cabot Corporation, acquired Germany-based Wacker Chemie AG.

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Leading Players in the Specialty Silica Market

Solvay SA
Huber Engineered Materials
Madhu Silica Pvt. Ltd.
Evonik Industries AG
PPG Industries, Inc.
Akzo Nobel NV
Cabot Corporation
Wacker Chemie AG
Nalco Holding Company
Qingdao Makall Group Inc.

Specialty Silica Market by Category

By Product Type:

Precipitated
Fumed
Fused
Silica Gel
Colloidal

By Application:

Rubber
Plastic
Ink & Coatings
Electrical & Electronics
Agricultural & Feed
Food & Beverages
Personal Care
Others

By Region:

North America
Latin America
Europe
Asia & Pacific
The Middle East and Africa

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Botanical Flavors Market to Skyrocket: Forecasted to Reach USD 18.9 Billion by 2033 with an 8.6% CAGR Amid Rising Demand for Natural and Exotic Flavor

Botanical Flavors Market1 — Botanical Flavors Market

The botanical flavors market is predicted to develop at an impressive 8.6% CAGR from 2023 to 2033, exceeding the lower 2.9% CAGR witnessed between 2018 and 2022. This significant rise in growth rate reflects high global demand and acceptance of botanical flavors, increasing the market value from US$ 8,233.6 million in 2023 to US$ 18,871 million by 2033.

The botanical flavors market is expanding rapidly and offers several prospects to industry participants. The growing customer desire for natural and organic flavors in the food and beverage industry is driving the market. The growing desire for distinctive and exotic flavor profiles drives the demand for botanical flavors. Furthermore, the increased emphasis on health and well-being has led customers to investigate plant-based flavor options, promoting market growth.

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Certain constraints, however, must be considered. The high cost of extracting and processing botanical flavors is a barrier to their acceptance, particularly in price-sensitive markets. Regulatory limits and the complications associated with getting natural flavor certificates are significant obstacles for industry participants.

The availability of synthetic flavor alternatives and the potential of counterfeit botanical components are two threats in the Botanical Flavors Market. Competition from synthetic flavors, which are frequently less expensive, may have an influence on demand for botanical flavors. Furthermore, botanical component adulteration and misrepresentation endanger the market’s reputation and customer confidence.

The botanical flavors market offers several opportunities. Product innovation, such as the creation of innovative flavor combinations and mixes, enables businesses to appeal to a wide range of consumer tastes. Exploring unexplored markets, domestically and globally, provides development potential, particularly in places where natural and clean-label products are in high demand. Collaboration with botanical suppliers and research institutes allows greater access to a broader range of botanical substances, improving product options.

The botanical flavors market offers significant development potential. Industry participants may capitalize on the increased demand for natural and distinctive flavor experiences, driving market development by solving cost difficulties, maintaining regulatory compliance, and limiting the hazards associated with synthetic flavors and component adulteration.

Key Takeaways

In the United States, the market recorded a value share of 27.8% in 2022.
The United Kingdom is predicted to develop at 8.5% CAGR by 2033, owing to rising consumer desire for natural and plant-based flavor alternatives.
India is expected to develop at a CAGR of 9.9% by 2033, owing to the country’s rich botanical heritage and the need for authentic and distinctive taste sensations.
The Australian market saw a moderate value share of 2.2% in 2022, showing a constant demand for botanical flavors in the region’s food and beverage industry.
Japan’s market grew at a value share of 4.1% in 2022.

Competitive landscape:

The botanical flavors market is marked by fierce rivalry among major competitors. Givaudan, Firmenich, International Flavors & Fragrances Inc. (IFF), Symrise, and Sensient Technologies Corporation are some of the market’s major rivals. These firms have established themselves as industry leaders and provide a diverse range of botanical flavor solutions for a variety of applications.

They prioritize product innovation, research and development, and strategic relationships to stay competitive. Smaller regional and local firms also contribute to the competitive scene, delivering unique botanical flavors to certain consumer groups. With rising demand for natural and clean-label flavors, competition in the Botanical Flavors Market is projected to heat up as players compete for a greater market share.

Recent Developments:

Givaudan As a world leader in botanical flavors, Givaudan has been extending its line of natural and organic flavors derived from botanical sources. They provide botanical flavor solutions for a variety of applications, such as drinks, confectionery, and dairy goods.
Firmenich has actively participated in the development of novel botanical flavors with an emphasis on sustainability and traceability. They cater to the demands of the food and beverage industries by offering a varied selection of natural and clean-label flavors produced from plant extracts.

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Key Segments Profiled in the Botanical Flavors Industry Report

Botanical Flavors Market by Extraction:

Fruits
Leaves
Seeds
Barks
Other (Herbs and Roots) Sources

Botanical Flavors Market by Form:

Solid Botanical Flavors
Fluid Botanical Flavors
Powdered Form Botanical Flavors

Botanical Flavors Market by Application:

Botanical Flavors for Food
Bakery
Dairy
Savory
Confectionery Products
Botanical Flavors for Beverages
Alcoholic
Non-alcoholic
Botanical Flavors for Personal Care Industry
Cosmetics
Hair Care
Skin Care Products

Botanical Flavors Market by Region:

North America
Latin America
Europe
Asia Pacific
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.

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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Frozen Cheese Market to Surge to USD 17.4 Billion by 2032, Driven by Growing Demand for Healthy, Low-Fat Snacking Options

The global frozen cheese market is likely to expand at a CAGR of 6% between 2022 and 2032, totaling a valuation of US$ 17.4 Bn by 2032. Rising usage of frozen cheese within the food industry and growing consumer demand for convenient and ready to eat food products are driving the frozen cheese sales in the global market.

Cheese is a crucial part of everyday food. It is present in every food product from breakfast, lunch and dinner. But as cheese is made from milk, it is perishable in nature and cannot be stacked in bulk. In order to overcome this shortcoming, manufacturers have started making frozen cheese by using different technologies.

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Frozen cheese has the same nutritional profile as regular cheese but it has a higher shelf life and so can be purchased in bulk. It can be applied on different food products like breads, pasta and pizza to enhance their flavor. This is expected to push the demand for frozen cheese during the forecast period.

Similarly, increase in consumer snacking habits is expected to drive the demand in frozen cheese market. Consumer willingness to splurge on convenient food products that can last for longer time duration and are easier to store for enhanced food flavor and texture is expected to bring in many opportunities for frozen cheese manufacturers over the next ten years.

Many technologies for freezing cheese have been developed across the world during the last few decades. Development of these advanced freezing technologies to preserve nutrients and texture of cheese as well as to extend its shelf life will therefore assist in expanding the global frozen cheese market size in future.

Key Takeaways from Frozen Cheese Market Study

By type, the cow cheese segment holds the highest market share and is expected to increase at a CAGR of 6.5% between 2022 and 2032.
Based on sales channel, the online sales channel segment will be the most remunerative in the global frozen cheese market during the forecast period.
The frozen cheese market in North America is expected to increase at 5.6% CAGR between 2022 and 2032, totaling a valuation of US$ 1.8Bn.
Asia Pacific is expected to account for 17% share of the global cheese market during the assessment period.
The U.S. frozen cheese is anticipated to reach a valuation of about US$ 1.8 Bn in 2022.
Frozen cheese market in India is expected to reach a valuation of US$ 0.9Bn in 2022

“Manufacturers which concentrate on frozen cheese formulation technology are more likely to take away the spotlight in the global frozen cheese market. Similarly, various players are concentrating on developing multi-functional frozen cheese varieties to differentiate themselves from the competition,” says a Future Market Insights analyst.

Who is Winning?

Key frozen cheese makers are focusing on research and development in order to create differentiated products with additional features that ensure greater taste. Besides this, they are collaborating to create new product lines that will allow them to penetrate previously untapped markets.

Key Companies

Eurial
Savencia Fromage and Dairy
Fromagerie Moreau Pontlevoy
Abergavenny Fine Foods
Ile de France
Henri Willig
LACTEOS SEGARRA
President
Le Larry
Delamere Dairy

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Frozen Cheese Market by Category

By Type:

Goat Cheese
Cow Cheese
Other

By Sales Channel:

Offline Sales Channel
- Supermarkets/Hypermarkets
- Departmental Stores
- Convenience Store
- Other Sales Channel
Online Sales Channel
- Company Website
- E-commerce Platform

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
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.

Dry Mixes Market Set for Robust Growth: Projected to Reach USD 15.2 Billion by 2033 with a 5.7% CAGR Driven by Health Benefits and Bakery Industry Demand

The dry mixes market has reached a CAGR of 5.7% during the forecast period. The market is expected to be worth US$ 9,048.0 million in 2023 and is likely to reach US$ 15,234.0 million by 2033.

Dry mixes are becoming increasingly popular due to their health benefits. It helps improve digestion, makes weight loss easier, enhances metabolism, and reduces blood pressure. It also contains many vitamins, such as calcium, zinc, and other vitamins, including D, K1, A, E, and B6. Sales of dry mixes are moving uphill due to bakery operators using dry mixes in a range of food products, from soups to baked goods, to provide unusual flavor over the forecast period. Sales of dry mixes are moving uphill as a result of bakery operators using dry mixes in a range of food products, from soups to baked goods, to provide unusual flavour over the forecast period.

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A couple of other factors also help the sales of dry mixes in the market. A rising disposable income, a growing population, and changes in consumer lifestyles are all combined to upscale market sales.

Increased consumer expenditure and willingness to experiment with various textures and food varieties increase the demand for dry mixes. The availability of these mixes online and easily accessible food outlets like supermarkets, hypermarkets, and others. the demand for dry mixes. The availability of these mixes online and easily accessible food outlets like supermarkets, hypermarkets, and others. The demand for dry mixes is expected to increase significantly due to their widespread use in food items. They are especially favoured in the baking business and various food preparations as they save valuable time and enable the creation of a wide variety of culinary delights.

Key Takeaways from the Dry Mixes Market Outlook:

The United States occupies a significant portion of the dry mixes market, commanding a considerable value share of 28.9%, making it one of the leading contributors in the industry.
Germany holds a notable position in the market with a value share of 10.9%, showcasing a strong presence in the dry mixes industry.
Japan, while comparatively smaller in value share at 2.3%, still holds a notable position in the global market, contributing to the overall growth and development of the dry mixes sector.
Australia’s presence in the dry mixes market is represented by a value share of 1.0%, indicating its involvement in the industry and contributing to the overall market dynamics.
China’s dry mixes market is expected to witness a steady growth rate, with a projected compound annual growth rate (CAGR) of 4.5%, positioning it as an emerging player in the industry.
India’s dry mixes market is projected to experience a robust growth rate, with an anticipated CAGR of 6.5%, indicating a significant potential for expansion and market opportunities.
The United Kingdom, with an expected CAGR of 7.6%, showcases a promising growth trajectory in the dry mixes market, suggesting a favourable business environment and market potential in the country.

Analysing the Competitive Landscape of the Dry Mixes Market:

In the fiercely competitive market of dry mixes, numerous players are vying for dominance, each striving to capture a larger market share. The competition is intense and dynamic, from established industry giants to innovative startups.

Leading the pack is a select group of well-established companies with a strong market foothold. Their extensive distribution networks, established brand reputation, and consistent product quality give them a competitive edge. These industry veterans are continuously innovating and expanding their product offerings to meet the ever-changing consumer demands.

Additionally, there is a growing presence of smaller, niche players that focus on specialized dry mixes tailored to specific dietary preferences or culinary needs. These agile companies are quick to respond to emerging trends and have the flexibility to cater to unique market segments.

In recent years, private label brands have also emerged as significant contenders in the dry mixes market. Retailers recognize the value of offering their own branded products, and consumers, in turn, are increasingly receptive to these offerings due to their competitive pricing and comparable quality.

Key Players in the Market:

Midas Foods International

Midas Foods International engineers’ high-quality blends that match or exceed the flavour, texture, colour, and consistency of those made from scratch. Their variety of savoury and sweet blends are sure to differentiate the kitchens of their consumers. , and consistency of those made from scratch. Their variety of savoury and sweet blends are sure to differentiate the kitchens of their consumers.

National Food Group, Inc.

National Food Group offers mixes for bakery products, cheese sauces, condiments, entrée, gelatine, and many more. They also offer supplies wholesale at reduced costs, variety, and satisfaction.

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Some of the key participants present in the market include

The Linde Group
Midas Foods International
National Food Group, Inc.
Wendels True Foods
Custom Cafe Foods
Brady Enterprises, Inc.
Unilever Food Solutions
Nestlé S.A.
Centre State Food Service
Davis Food Co-op

Key Segments

By Product Type:

Different Dry Grain Blend Mixes
Dry Spices Mixes
Dry Baking Mix
Dry Curry Seasoning Mix
Other Dry Mixes

By End User:

Dry Mixes for HoReCa
Dry Mixes for Bakery and Dairy
Dry Mixes for Households

By Distribution Channel:

Direct Sales of Dry Mixes
Indirect Sales of Dry Mixes

By Region:

North America
Latin America
Asia Pacific
Middle East and Africa
Europe

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.

Soft Touch Polyurethane Coatings Market Poised for Strong Growth, Projected to Reach USD 17.4 Billion by 2033

Soft Touch Polyurethane Coatings Market Size

The global soft touch polyurethane coatings industry is set to experience significant growth, driven by the rising sales of consumer electronics and automobiles. According to FMI, the market is projected to reach a valuation of USD 17,429 million by 2033, reflecting a robust compound annual growth rate (CAGR) of 9% from 2023 to 2033. This expansion underscores the increasing demand for coatings that enhance tactile experiences and provide superior aesthetic appeal in various applications, highlighting the industry’s dynamic role in the evolving landscape of consumer and automotive products.

Mobile phones and laptops also benefit from their scratch resistance and improved appearance. Due to characteristics such as aging resistance, scratch resistance, and abrasion resistance, soft-touch polyurethane coatings are becoming more popular with high-quality covers. A combination of increased electronics production in various countries and strict regulations targeting VOC emissions has pushed up emissions. Luxury and rich interiors are becoming increasingly popular among car enthusiasts which will further create a market for soft touch polyurethane coating in the market.

SAMR (State Administration for Market Regulation) and the Standardization Administration of the People’s Republic of China have developed new standards to limit the use of VOCs and a wide range of chemicals in adhesive manufacturing. ICEA estimated that there will be 829 million smartphone users in India by 2022. Hence, smartphones would be better protected, resulting in increased demand for cases and covers, thereby driving demand for soft touch polyurethane coatings.

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Key Takeaways

Increasing infestations of insects among American households and a vibrant woodwork and furniture industry in North America is forecast to drive the soft-touch polyurethane coating market in the region at a CAGR of 6% during the assessment period.
UV soft touch polyurethane coatings, with their chemical inertness and environmental friendliness, are expected to grow at a CAGR of more than 8.5% over the forecast period.
The Japanese and South Korean markets are predicted to hold over 18% of the global market share by 2023.
Transport and automotive industries are expected to account for over 41% of global soft touch polyurethane coatings sales
The European soft touch polyurethane coatings market is forecast to grow 6.1% CAGR between 2023 and 2033.
A major market share of over 19% will be held by Japan by 2023.

“A rise in premium electronic product production and increasing interest in aesthetic coatings for automobiles will drive the demand for soft touch polyurethane coatings in the market.,”, says an FMI analyst.

Competitive Landscape

The soft touch polyurethane coatings industry focuses on inorganic and organic strategies to expand and break into new markets. Among these strategies are mergers and acquisitions, partnerships, and new product launches.

The key industry players are:

RPM International Inc.
The Sherwin Williams Company
PPG Industries Inc.
Axalta Coating Systems Ltd.
Jotun AS
AkzoNobel N.V.
Aexcel Corporation
Sokan New Materials.
Huntsman International LLC
DuPont

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More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global soft touch polyurethane coatings market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the soft touch polyurethane coatings market, the market is segmented on the basis of base types (water-based and solvent-based), product types (2K and UV), and end use industry (transport and automotive, electrical and electronics, wood and furniture, and others) across five major regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

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Global Mining Flotation Chemicals Market Poised for Growth: USD 19.36 Billion by 2033

In 2023, the global mining flotation chemicals market is valued at approximately USD 11.89 billion and is projected to experience robust growth, with an anticipated compound annual growth rate (CAGR) of 5% over the next decade. By 2033, the market is expected to reach around USD 19.36 billion. This growth is driven by the increasing demand for effective flotation chemicals in mineral processing and the rising need for enhanced extraction methods across the mining industry. As mining operations become more complex and demand for valuable minerals escalates, the market for flotation chemicals is set to expand significantly, reflecting a positive outlook for industry stakeholders.

Standard copper ore grade has significantly reduced in the last few years. Mineral ores’ grades are reducing owing to aging mineral resources. As various chemicals are required to restore the ideal mineral, the requirement for mining flotation chemicals is expected to increase as ore grades decline.

Chemical firms working in mining flotation are currently focusing on understanding better flotation collector feedback to different mineralogy species. The market has recently observed a trend toward the creation of novel frothers. Apart from this, shifting from high molecular structure glycol-based frothers to MIBC permitted for coarser grinding in the mill.

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The industry players are also diving deep into what makes the flotation collectors tick to different mineralogy species. By understanding the science behind it, the players are customizing chemical responses to better the ore processing efficiency. Producers are constantly working toward gaining a better grip on consumers wanting to distribute customized reagents.

Top Highlights from the FMI’s Analysis of the Mining Flotation Chemicals Market:

The mining flotation chemicals industry in the United States is expected to account for 23.1% market share in 2023. The massive stake of the country is forecast to drive more market opportunities for manufacturers in the coming years.
Germany’s mining flotation chemicals industry is expected to share 5.8% of the market in 2023. Due to Germany’s prominent presence in the Europe market, the country is expected to attract market players willing to scale their business in the region.
Australia’s share in the market is 2.4% in 2023. As a result of the budding market for mining flotation chemicals in the country, the market is projected to witness an expansion in its revenues.
China is expected to observe a robust market CAGR of 26.3% over the forecast period.
India is anticipated to witness a CAGR of 6.8% from 2023 to 2033.
The United Kingdom market is projected to expand at a CAGR of 3.1% over the upcoming years.
Based on product type, sulfide ore is expected to account for 67.7% market share in 2023.
Under the chemical type category, the flocculants segment bagged 32.1% market share in 2023.

Key Developments Taking Place in the Market

FMC Corporation has dedicated investment of above US$ 50 million in June 2021 to the period of the next three years. This investment is aimed at capital improvement projects like a renewal of the research laboratory and greenhouse of the company’s research and development H.Q. in Newark, Delaware.
BASF and Moleaer came into a strategic alliance to profit from the mining field in November 2022. Through this alliance, both companies are leveraging chemical, gas transport, mineral processing, gas transport, and nanobubble technologies. The main goal of this development is to improve the extraction rates from copper ores to a high level of chalcopyrite, which has originally been hard to leach, by concentrating on the copper leaching process.
Arkema entirely acquired ArrMaz in July 2020. ArrMaz has over US$ 290 million in sales from North America, Asia, South America, and the Middle East, and Africa.
Solvay introduced Polycare Heat Therapy in March 2023 for bio-based thermoprotection in hair care. The product is a non-ecotoxic, double-derivatized cationic guar active ingredient that progresses the global trend of silicone-free and bio-based solutions in hair care. It also offers brilliant thermal protection in transparent preparations.

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Mining Flotation Chemicals Market by Category

By Ore Type:

Sulfide Ore
Non-Sulfide

By Chemical Type:

Collectors
Frothers
Dispersants
Activators
Depressants
Flocculants
Others

By Region:

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

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Pearlescent Pigment Industry Set to Achieve Steady Growth with 4.0% CAGR, Projected to Exceed USD 5,544.7 Million by 2033

The pearlescent pigment market is forecast to experience a growth of 4% CAGR over the estimated period, as per FMI’s analysis. The pearlescent pigment industry size is predicted to reach a market value of USD 3,745.8 million in 2023.

Manufacturers of automotive and industrial coatings are opting for pearlescent pigment for their aesthetic brilliance and exclusivity, thus enhancing the look of their products. Additionally, efficacious, special-effect pearl pigments enhance the sustainability quotient of the final product due to their inherent sustainability.

Sustainable pearlescent pigments have low VOC volume and better performance attributes like durability, better barrier resistance, and thermal stability. Since customers are becoming discerning of the potential environmental damage, they are increasingly considering options that allow them to reduce their overall carbon footprint. Based on these factors, the market is expected to expand over the forecast period.

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This pigment has also stepped foot in the personal care and cosmetics industry, and since its arrival, it has revolutionized how consumers perceive beauty and appearance. This is credited to its cost-effectiveness, which makes achieving a ‘celebrity’ look possible on a budget. Many powders, creams, and lotions for personal care consist of natural pearl essence as an eco-friendly, dermatologically tested substitute to its toxic and synthetic counterparts.

Key consumers for this pigment are India, China, and Brazil due to their adoption quotient and surging per capita income. Moreover, the popularization of mass-customized goods and surging governmental assistance is expected to push construction activities and automotive production, thus broadening the application scope of these pigments.

Top Highlights from the FMI’s Analysis of the Pearlescent Pigment Market:

As per FMI estimates, the United States’ stake in the global market is 27.3%, making it an ideal candidate for future business prospects.
Germany is expected to enjoy a market share of 6.8% in 2023, suggesting considerable opportunities for growth.
Australia is expected to attain 5.9%, representing one of the core markets for pearlescent pigment. Manufacturers are projected to explore burgeoning prospects in the country.
Japan’s share is estimated to be 5.6%, demonstrating a substantial market for business ventures of pearlescent pigment.
India is expected to expand at a CAGR of 4.8% over the forecast period, suggesting more investments are underway by manufacturers.
China and the United Kingdom are anticipated to expand at CAGRs of 4.4% and 3.9%, respectively, over the forecast period.
Based on purity type, natural pearl pigment is expected to take up the majority of the market share by gaining 67.4% in 2023.
Based on end use industry, the automotive paints industry is expected to contribute 39.3% market share in 2023.

Top Key Players in the Global Market

BASF SE
Sudarshan Chemical Industries Ltd
Merck KGaA
DIC Corporation
ALTANA AG
Fujian Kuncai Material Technology Co., Ltd
CRISTAL
Shanghai Zhuerna High-Tech Powder Material Co., Ltd
Oxen Special Chemicals Co., Ltd
Huaian Concord Industrial Product Co., Ltd.
Spectra Colours Ltd
LANSCO COLORS
Aal Chem
Zhejiang Ruicheng Effect Pigment Co., Ltd
Sinpearl Pearlescent Pigment Co., Ltd
Kolorjet Chemicals Pvt Ltd

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Pearlescent Pigment Market Segmentation

By Purity Type:

Natural Pearl Pigment
Synthetic Pearl Pigment
Glass Flake Pearl Pigment

By Structure Type:

Substrate-free
Monolayer
Multilayer

By End-use Industry:

Automotive Paints
Paints & Coatings
Personal Care
Plastic Industry
Printing
Others

By Region:

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

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Global Glucose Sensor Market Expected to Exceed USD 20,421.4 Million by 2034 | FMI

The global glucose sensor market is projected to witness substantial growth, reaching a valuation of USD 20,421.4 million by 2034, according to a recent report. The market, currently valued at USD 8,949.3 million in 2024, is anticipated to expand at a CAGR of 8.6% from 2024 to 2034.

Rising concerns over the escalating prevalence of diabetes worldwide are fueling the demand for efficient glucose monitoring systems. Factors contributing to the increasing prevalence of diabetes include aging populations, poor dietary habits, and sedentary lifestyles. Consequently, there is a pressing need for innovative solutions to manage this global health concern.

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Continuous glucose monitoring systems, leveraging advanced glucose sensors, offer a practical and effective alternative to conventional techniques such as fingerstick testing. CGM systems enable individuals to monitor their blood sugar levels continuously, providing real-time insights and facilitating better control over glucose levels.

“The demand for glucose sensors is directly correlated with the growing number of individuals diagnosed with diabetes,” stated FMI. “As the prevalence of diabetes continues to rise, there is a heightened emphasis on the development of technologies that simplify glucose monitoring and enhance patient outcomes.”

Key highlights driving the growth of the global glucose sensor market include:

Increasing prevalence of diabetes worldwide.
Growing adoption of continuous glucose monitoring systems.
Technological advancements enhancing the accuracy and reliability of glucose sensors.
Rising awareness about the importance of proactive diabetes management.

As the global community grapples with the challenges posed by diabetes, stakeholders across the healthcare industry are intensifying efforts to develop innovative solutions that address the evolving needs of patients.

Key Takeaways from the Glucose Sensor Market Report

The global market size expanded at a 9.2% CAGR from 2019 to 2023.
The invasive product segment holds 68.4% of market shares in 2024.
The hospitals end user segment captured 41.4% of market shares in 2024.
The market size in the United States is projected to rise at a 7% CAGR through 2034.
The market size in Germany is anticipated to develop at a 5.6% CAGR through 2034.
The market size in China is estimated to surge at a 7.5% CAGR through 2034.
The market size in India is expected to increase at an 8.4% CAGR through 2034.

A Comprehensive Full Report Glucose Sensor Market

Competitive Landscape:

The glucose sensor market is highly competitive, with prominent competitors fighting for market dominance and technical leadership. Large corporations like Abbott Laboratories, Dexcom, Inc., and Medtronic plc dominate the industry, using their broad product portfolios, robust distribution networks, and established brand reputations to retain a competitive edge. These industry titans are always investing in research and development to promote innovation and launch new glucose-monitoring devices with elevated accuracy, reliability, and user experience.

Recent Developments:

In March 2024, the FDA authorized Dexcom’s Stelo, a new over-the-counter continuous glucose monitor. It is intended for people with Type 2 diabetes who do not use insulin.
In February 2024, Know Labs introduced a new wearable, non-invasive continuous glucose monitor. FDA testing remains pending, but it might improve user experience. KnowU comes with a connected smartphone app and a rechargeable battery.

Note from the Analysts:

“In the expanding glucose sensor market, success requires investing in innovation and forming strategic alliances. Because diabetes is becoming more common, businesses need to stand out from the competition by utilizing cutting-edge technologies while collaborating with key industry players. In this highly competitive environment, continuous success depends on adhering to legal requirements and being responsive to customer demands.” Says a Lead Analyst at Future Market Insights (FMI).

Key Players in the Glucose Sensor Industry:

Abbott Laboratories
Dexcom, Inc.
Medtronic plc
Roche Diabetes Care
Senseonics Holdings, Inc.
Ascensia Diabetes Care
LifeScan, Inc. (a Johnson & Johnson company)
Ypsomed AG
Nemaura Medical Inc.
MicroPort Scientific Corporation

Segmentation Analysis:

By Product:

The sector fragments into Non-invasive (Optical Sensors, Trans Dermal Sensors, Minimally Invasive, and Micro pore/ Micro Needles), Invasive (Intravenous Implantable, Micro Dialysis, and Subcutaneous Sensor)

By Technologies:

The industry is segmented into Photo Acoustic Spectroscopy, Optical Coherence Tomography, Polarimetry, Fluorescence, MIR Spectroscopy, NIR Spectroscopy, Impedance Spectroscopy, Skin Suction Blister Technique, Sonophoresis, and Reverse Iontophoresis.

By End User:

The industry bifurcates into Hospitals and Clinics.

By Region:

Analysis of the market has been conducted in the countries of North America, Latin America, Europe, East Asia, South Asia & Pacific, 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.

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Global Cell-Free Fetal DNA Testing Market Poised for Robust Growth at 10.9% CAGR by 2033

The global cell-free fetal DNA testing market is on the cusp of unprecedented expansion, driven by an impressive Compound Annual Growth Rate (CAGR) of 10.9%. Market projections indicate that by the end of 2023, the market value is expected to soar to USD 1,466.3 million, and it is projected to reach an astounding USD 4,124.7 million by 2033.

Cell-free fetal DNA testing, also known as non-invasive prenatal testing (NIPT), represents a groundbreaking advancement in prenatal care. This innovative technology involves analyzing cell-free fetal DNA present in maternal blood samples to detect genetic abnormalities in the fetus. The non-invasive nature of NIPT makes it a safer alternative to traditional invasive methods, offering significant advantages for both expectant mothers and healthcare providers.

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NIPT primarily focuses on screening for conditions such as Down syndrome (trisomy 21), trisomy 18, trisomy 13, and various sex chromosome abnormalities. The accuracy and reliability of these tests have led to their widespread adoption, significantly enhancing prenatal screening protocols.

As the global market for cell-free fetal DNA testing continues to expand, advancements in technology and increased awareness about the benefits of non-invasive prenatal testing are expected to further drive market growth. Stakeholders across the healthcare sector are poised to benefit from these developments, ensuring better health outcomes for expectant mothers and their babies.

Key factors driving the growth of the cell-free fetal DNA testing market include:

Increasing demand for non-invasive prenatal testing: Expectant parents are increasingly opting for non-invasive methods of prenatal testing to avoid the risks associated with invasive procedures.
Advancements in technology: Technological advancements have improved the accuracy and reliability of cell-free fetal DNA testing, making it a preferred choice for prenatal screening.
Rising maternal age: Advanced maternal age is associated with a higher risk of chromosomal abnormalities in the fetus. As more women delay childbirth, the demand for prenatal testing increases, driving the growth of the cff DNA testing market.
Growing awareness and acceptance: Increased awareness about the benefits of cell-free fetal DNA testing among healthcare providers and expectant parents has contributed to its growing acceptance and adoption.
Expanded test offerings: In addition to screening for common chromosomal abnormalities, cell-free fetal DNA testing is now being used to detect a broader range of genetic disorders, including single-gene disorders.

The market for cell-free fetal DNA testing is competitive, with several companies offering NIPT products and services. These companies include Illumina, Natera, Roche Diagnostics, and PerkinElmer, among others. These companies invest in research and development to improve the performance of their tests and expand their test offerings.

Regional Insights Cell-Free Fetal DNA Testing Market:

The cell-free fetal DNA testing market is a rapidly growing segment in the field of prenatal diagnostics. This non-invasive prenatal testing (NIPT) method involves the analysis of fetal DNA fragments present in the maternal blood to screen for various genetic abnormalities and chromosomal disorders in the fetus. Regional insights into the cell-free fetal DNA testing market indicate varying adoption rates and market dynamics across different regions.

North America:
- North America holds a significant share in the cell-free fetal DNA testing market. The United States is a major contributor to market growth in this region.
Europe:
- Europe is another prominent market for cell-free fetal DNA testing. Countries like the United Kingdom, Germany, France, and Italy contribute significantly to market growth.
Asia Pacific:
- The Asia Pacific region is witnessing rapid growth in the cell-free fetal DNA testing market. Countries such as China, Japan, India, and South Korea are key contributors to this growth.
Latin America:
- The cell-free fetal DNA testing market in Latin America is in its early stages but shows significant potential for growth.
Middle East and Africa:
- The Middle East and Africa region have relatively lower adoption rates for cell-free fetal DNA testing compared to other regions.

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Competitive Landscape:

The cell-free fetal DNA testing market is a rapidly growing sector within the field of prenatal diagnostics. This non-invasive prenatal testing (NIPT) method involves analyzing fragments of fetal DNA circulating in the maternal bloodstream to detect chromosomal abnormalities and genetic disorders in the fetus. The competitive landscape of the cell-free fetal DNA testing market includes several key players who offer various testing platforms and services.

Key Companies Profiled:

Sequenom Laboratories
Illumina, Inc.
Ariosa Diagnostics
Arup Laboratories
The Fetal Medicine Centre
Apollo Path labs

Key Segments:

Based on Test Type:

Detection of Abnormal Chromosome Number
Gender Testing
Paternally Inherited Disorders

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

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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