USA Percussion Massage Gun Market Set to Expand with a 4.4% CAGR by 2033

The estimated value of the percussion massage gun market in the USA stood at around $120.0 million in 2023 and is anticipated to hit approximately $184.6 million by 2033. Over the span of these ten years, the market is forecasted to grow steadily at a Compound Annual Growth Rate (CAGR) of 4.4%. Within the broader massage market, the USA percussion massage gun market holds a share ranging from 8% to 12%.

Top Trend Pushing Sales of Percussion Massage Guns in the USA

  • Low brand loyalty in the USA percussion massage gun market is driving manufacturers to diversify their product offerings.
  • Greater product penetration and increased rivalry are pushing manufacturers to create a wider variety of products to attract customers who value product variety.
  • Intense competition in the market is prompting companies to introduce new options that cater to diverse customer preferences.
  • Many manufacturers are shifting their focus from high-income groups to low and middle-income groups, leading to the development of a wide range of items with competitive prices.
  • Innovative strategies aimed at offering relatively low-cost products are expected to drive growth in the USA percussion massage gun market.
  • Companies are leveraging competitive pricing and innovative product development to capture market share in the increasingly competitive landscape.

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Key Takeaways from the U.S. Percussion Massage Gun Market:

  • The U.S. percussion massage gun market is expected to grow significantly from US$ 120.0 million in 2023 to US$ 184.6 million by 2033.
  • The U.S. percussion massage gun market is expected to grow at a CAGR of 4.4% from 2023 to 2033.
  • Canada’s percussion massage gun market is expected to grow steadily in the coming years due to the increasing popularity of massage guns among athletes, fitness enthusiasts, and people in developing countries who suffer from muscle pain.
  • The percussion massage gun market in the United Kingdom is expected to grow at a moderate pace in the coming years due to the increasing awareness of the benefits of massage guns, the growing popularity of fitness and wellness among consumers in growing countries, and the rising demand for portable and easy-to-use massage devices.
  • The percussion massage gun market in Germany is expected to grow steadily in the coming years due to the strong economy and the high penetration of e-commerce in developing countries.
  • The percussion massage gun market in Japan is expected to grow at a moderate pace in the coming years due to the increasing awareness of the benefits of massage guns, the growing popularity of fitness and wellness among consumers in growing countries, and the rising demand for portable and easy-to-use massage devices

Competitors Winning Strategies

Competitors in the U.S. percussion massage gun market are focusing on many strategies like investing in marketing their products to get more customers and make their targeted audience aware of the benefits of massage guns. They are also implementing more technologies and feature that helps customer to get a variety of products with different features so that they can choose which fits perfectly for them.

Therabody, Hyperice, Dr. Ho, Phoenix, Bob & Brad, Breo, Achedaway, and LifePro are some of the leading competitors in the U.S. percussion massage gun market.

Recent Developments

  • Therabody: Therabody announced its new PRO 4 model. The PRO 4 boasts a more powerful motor, a longer battery life, and a new app that lets users monitor their development.
  • Hyperice: Hyperice presented their Hypervolt GO model. The Hypervolt GO is a small, lightweight massage gun meant for on-the-go application.
  • Ho: Dr. Ho’s massage guns feature a unique oscillating head, and it is designed to provide deep tissue massage.
  • Phoenix: Phoenix is famous for its cheap massage guns that give excellent value for money.
  • Bob and Brad: Bob and Brad developed a massage gun series suited for the ordinary user. Their massage guns are simple to operate and give many settings to select from.

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USA Percussion Massage Gun Market Outlook by Category

By Product Type:

  • Spherical Head
  • Round/Cylindrical Head
  • U-Shaped/Double Head
  • Tower Head
  • Flat/Wolf Head
  • Meniscus Head
  • Thumb Head
  • Comb Head
  • Rubble Gas Head
  • Air Cushion Head
  • Others

By Application:

  • Back Massage
  • Deep Tissue Massage
  • Large Muscle Group Massage
  • Neck & Shoulder Massage
  • Muscle Shaping & Relaxation
  • Point Massage
  • Massage for Sensitive Body Parts
  • Others

By Battery Type:

  • Rechargeable
  • Replaceable

By Size:

  • Small Size/Handheld
  • Mid-Size/Professional
  • Large Size/Powerful

By End User:

  • Athletes
  • Chiropractor
  • Fitness Enthusiasts
  • Expectant Women
  • Others

By Sales Channel:

  • Direct Sales
  • Indirect Sales
    • Specialty Stores
    • Modern Trade
    • Independent Departmental Stores
    • Pharmacy Stores
    • Online Retailers
    • Wholesalers/Distributors
    • Other Sales Channel

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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.

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Hangers Market: Projected to Grow at a CAGR of 8.0% by 2032 | Report By FMI

The worldwide hangers market, valued at USD 483.4 million in 2022, is a vital part of our daily lives. These simple yet essential tools have become ubiquitous, finding their place in nearly every household and sector of society. As we move forward, the demand for hangers is expected to soar, with a projected Compound Annual Growth Rate (CAGR) of 8.0% between 2022 and 2032. By the end of this period, the market is anticipated to reach a staggering USD 1,043.6 million, reflecting the increasing importance and utility of hangers across the globe.

It is an important domestic commodity which have been penetrated almost all members of society thus creating the strong and growing international market for hangers.

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Hangers are basically designed like human shoulders and created to hold clothes that do not let creases appear on them; they also make it convenient for people. In the market, we can find a lot of different hangers for example wide regular clothes ones and clipping types with one or more clamps; stacking and foldable.

Drivers Underpin Hangers Industry Expansion

  • The retail and hospitality sectors have experienced significant growth, driving the expansion of the hangers market, while residential demand has seen only marginal increases.
  • Commercial growth has spurred sales of high-end hangers, focusing more on style and design, particularly noticeable in the retail sector.
  • A noticeable shift in consumer preference towards wooden hangers has been observed, with a corresponding decline in demand for plastic hangers, likely due to increased environmental awareness.
  • Despite the decline in plastic hangers, metal or wire hangers continue to be a significant segment in the market due to their durability.
  • A recent innovation in the hangers market is the emergence of intelligence hangers, electric products offering features like rain-proofing and clothes drying assistance, primarily popular in East Asia but with limited traction elsewhere.

A recent trend observed in the hangers market has been a preference for wooden hangers and a corresponding downslide in the demand for plastic hangers. This can be attributed to increased awareness to the environmental hazards of non-degradable plastic. Metal or wire hangers however remain a key segment due to their longevity.

Intelligence hangers have been a recent market innovation that have taken the hangers market by storm. Intelligence hangers are electric products that afford benefits such as rain-proofing and clothes drying assistance. However, the market for intelligence hangers has gained limited traction and is mainly centred around East Asia.

A boost in online sales has also characterised the hangers market’s dynamics as younger and tech-savvy consumers have shown a preference for the platform. This has caused a corresponding decline in sales through traditional wholesalers and retailers.

Competition Landscape

The hangers market is heavily fragmented due to various small players operating locally. This has posed limitations to the expansion plans of major players. Competitive pricing is another major determinant in this landscape. Some major players in the market include

  • M & B Hangers
  • Guilin Iango Home Collection
  • Whitmor
  • MAWA and Mainetti.

Region-Wise Analysis

The Asia-Pacific has been the largest regional segment in the hangers market in recent years, besides also being the fastest growing segment. The North America and European markets have been the other large segments. Other markets such as those in Africa, Latin America and the Middle East have also enjoyed a substantial market share.

Report Highlights

  • 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.

Regions and Countries Analyzed in the Report

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Rest of LATAM)
  • Europe (Germany, U.K., France, Italy, Spain, Poland, Russia, Rest of Europe)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)

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Key Segments Covered In The Hangers Industry Analysis

Hangers Market by Type:

  • Metal Hangers
  • Wooden Hangers
  • Plastic Hangers
  • Other Hanger Types

Hangers Market by Application:

  • Hangers for Personal Use
  • Hangers for Commercial Use

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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.

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Rising Demand Fuels Geocells Market Expansion: Insights and Projections for 2033

Geocells Market Share
Geocells Market Share

By 2023, the size of the geocells market is expected to exceed USD 142.2 million, and by 2033, it is projected to reach a valuation of USD 257.0 million. From 2023 to 2033, the geocells market share is expected to grow at a compound annual growth rate (CAGR) of 6.1%.

The market for geocells is benefiting greatly from the increase in environmental consciousness, which is a result of a crucial change in mindset. There is an increasing demand for environmentally friendly construction materials and techniques as environmental sustainability concerns become more pressing. These goals are well aligned with geocells since they encourage soil conservation, cut down on the use of non-renewable resources, and lessen the environmental effects of traditional construction methods. Additionally, the geocells market is growing as a result of the construction industry’s continual growth on a global scale. There is a rising demand for affordable solutions that enable soil stabilization and strengthening as construction operations continue to grow. For a variety of construction projects, geocells are the ideal solution, offering a dependable and financially sound choice.

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Another factor boosting demand for geocells is the speed at which cities are urbanizing. There is a growing demand for strong foundations and infrastructure support on difficult terrains and slopes as metropolitan areas continue to grow. Using geocells, safe and sustainable urban development is made possible. Hence, increasing urbanization is predicted to offer a conducive growth environment for the market.

The upward trajectory of the geocells market is also being influenced by the mining and energy industries. Geocells have shown to be a successful solution in situations when the mining sector needs to stabilize the soil and safeguard the slope. Geocells are also used in wind and solar farms and other renewable energy projects to offer sturdy foundations in difficult terrain, hence promoting sustainable energy efforts.

Geocells are also essential for resilience and catastrophe management. They help stabilize soil and stop additional erosion, landslides, and flooding in emergency response circumstances. The need for geocells in disaster management scenarios is anticipated to increase as natural disasters occur more frequently and with greater severity. Additionally, worldwide development initiatives supported by organizations and agencies are encouraging the use of geocells in several underdeveloped nations. For such projects, geocells are a desirable option due to their low cost, simplicity of installation, and favorable environmental effects.

Key Takeaways from Geocells Market Report:

  • In 2018, the global market size stood at US$ 107.8 million.
  • The market expanded at a CAGR of 5.7% from 2018 to 2022.
  • In 2022, the global market size stood at US$ 134.5 million.
  • The United States captured 37.3% of global market shares in 2022.
  • India captured 6.3% of global market shares in 2022.
  • China captured 5.4% of global market shares in 2022.
  • The United Kingdom captured 5.8% of global market shares in 2022.
  • The channel protection segment captured 42.2% of global market shares in 2022.
  • The HDPE segment acquired 71.5% of global market shares in 2022.

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Key Players in the Global Geocells Market:

  • Presto Geosystems
  • Polymer Group Inc.
  • TMP Geosynthetics
  • Armtec Infrastructure Inc.
  • Strata Systems Inc.
  • PRS Mediterranean Ltd.
  • Maccaferri S.p.A.
  • ACE Geosynthetics
  • Maikom Group
  • Wall Tahe Pte. Ltd.

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.

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The Future of Water Purification: Membrane Chemicals Market Insights and Growth Projections

Membrane Chemicals Market Outlook
Membrane Chemicals Market Outlook

The membrane chemicals market is on a robust growth trajectory, with projections indicating an increase from USD 2.2 billion in 2023 to USD 3.9 billion by 2033. This expansion represents a compound annual growth rate (CAGR) of 6.1% over the next decade. The growth is driven by rising demand for advanced membrane technologies in various applications, including water treatment and industrial processes, which are essential for addressing global water scarcity and efficiency challenges. As industries continue to seek innovative solutions for sustainable practices, the membrane chemicals sector is poised to experience significant advancements and investment.

One of the main factors fueling the expansion of the market is the rising demand from end users for water treatment chemicals. Physical purification is more expensive than chemical filtering of water. Advanced technologies like ion exchange, UV filtration, and RO are expensive to implement but occasionally feasible.

The market for membrane chemicals has expanded due to the expansion and growth of the water treatment sector. Increasing extraction, filtering, and distillation demands, in other words, make membrane chemicals an essential component of waste water treatment. The market growth rate is directly impacted by the growing demand for clean water worldwide.

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In the pharmaceutical industry, there is a growing need for high-quality, pure water that is free of hazardous bacteria and germs for applications including equipment cleaning, rinsing, as well as the formation of pharmaceuticals, non-compendia waters, and laboratory waters. The market growth rate is projected to be driven by the expanding usage of RO membrane chemicals in the pharmaceutical industry.

Growing adoption of RO technology for operations in water-intensive businesses. Additionally, businesses are spending a lot of money to create profitable compounds that will stop RO membranes from becoming fouled and treated. It is anticipated that increasing such manufacturer investment and installation would present a huge potential for the expansion of the market.

The largest market for membrane chemicals is in North America, followed by markets in Europe and the Asia Pacific. The primary factor driving the development of membrane separation technology in North America is the expanding use of it in waste water treatment facilities in businesses and governments.

Key Takeaways

  • The market for membrane chemicals in the United States is anticipated to grow at a CAGR of 6.1% through 2033.
  • With a CAGR of 5.8%, the United Kingdom membrane chemicals market is expected to grow significantly during the forecast period.
  • With a CAGR of 5.1% throughout the research period, South Korea is predicted to grow rapidly in the market for membrane chemicals by 2033.
  • The membrane chemicals market in China is expected to grow at a CAGR of 6.4% over the forecast period.
  • With a CAGR of 5.4% throughout the research period, the market for membrane chemicals in Japan is anticipated to increase speedily.
  • The scale inhibitors category of the membrane chemicals market’s product type segment is predicted to develop at a CAGR of 5.8% through 2033.
  • In the market for membrane chemicals, the waste water treatment section of the end-use category is estimated to showcase a CAGR of 5.4% over the forecast period.

Competitive Landscape

Top manufacturers of membrane chemicals market are Veolia Water Technology, Applied Membranes, Inc., H2O Innovation, Genesys International, Kemira, GE Water & Process Technologies, BWA Water Additives, Nalco, Reverse Osmosis Chemicals International, King Lee Technologies, LennTech BV and others.

These companies have used a variety of tactics to grow their market share for membrane chemicals. To increase their client base and revenue, they have used both organic and inorganic growth techniques, including new product launches, acquisitions, corporate expansions, and collaborations.

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Membrane Chemicals Market Segmentation by Category

Product Type:

  • Scale Inhibitors
  • Coagulants & Flocculants
  • Biocides
  • PH Adjusters
  • Dechlorinants
  • Others

End User:

  • Waste Water Treatment
  • Municipal
  • Power
  • Food & Beverage
  • Chemicals
  • Desalination
  • Paper & Pulp

Region:

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

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.

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Polyurea Coatings Industry Expected to Achieve Robust Growth with 9.3% CAGR, Reaching USD 2,204.6 Million by 2033

Polyurea Coatings Market Outlook
Polyurea Coatings Market Outlook

The global polyurea coatings industry is poised for significant growth, projecting an impressive 9.3% Compound Annual Growth Rate (CAGR) from 2023 to 2033. Starting at a valuation of USD 902.9 million in 2023, the market is anticipated to reach USD 2,204.6 million by 2033, presenting a substantial absolute dollar opportunity. Historical analysis by Future Market Insights reveals a robust CAGR of 7.6% up to 2022, where the market value reached approximately USD 823.9 million. This upward trajectory underscores the rising demand and market potential for polyurea coatings in the coming decade.

Polyurea is known as a synthetic polymer, commonly derived from the reaction between a diamine and a di-isocyanate. The usage of polyurea-based coatings is common across a variety of industries such as automotive & transportation, and building & construction. Over the upcoming years, sales of hybrid polyurea products should dominate the market. This is due to the fact that hybrid polyurea offers several advantages over pure variants including effective adhesion to metallic and concentrate surfaces. Abrasion resistance and affordability. Moreover, pure polyurea sales are likely to continue for applications where temperature and moisture resistance are necessary.

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Developing economies are anticipated to have a significant contribution to market expansion. Across these economies, there is a propelling need for protecting equipment, machine parts, and infrastructural investments. Car parking lots, offshore structures, bridges, rooftop coatings, and containment liners are examples of applications where polyurea coatings play important roles. Over recent years, industrial activities are on the rise, resulting in the surge of the global economy. This should work in favor of polyurea coatings companies and provide lucrative opportunities in the future.

Report Highlights

The surging population and increasing building and construction activities combined together with strong industrial expansion are anticipated to drive significant growth in the market. Furthermore, crucial developing countries have showcased excellent economic development potential, owing predominantly to increased urbanization and strong demand from the automobile and food and beverage industries. During the next decade, the leading end-use sectors will account for more than 70% of absolute growth.

According to a regional perspective, the East Asian region is anticipated to account for a significant share throughout the evaluation period from 2023 to 2033. Over recent years, environmental regulations have become more stringent in regions such as North America and Europe. Also, countries such as China are adopting such regulations pertaining to VOC emissions, owing to which, there is rising demand for eco-friendly polyuria coatings.

The application of polyurea coatings on damp surfaces is likely to result in poor surface adherence. As a result, the surface requires appropriate drying time before applying a polyurea coating. In addition to that, the cost of applying polyurea coatings is significantly greater due to the expense of spraying equipment. Handling such machinery necessitates the use of professional laborers and technicians. The challenges listed above may impede the acceleration of the market for polyurea coatings.

Competitive Landscape

The global market for polyurea coatings is expected to be fiercely competitive throughout the assessment period, owing to the presence of regional and international players. In the recent past, players have been firmly focused on launching new products. Prominent acquisitions have also facilitated the expansion of prominent names.

Key Companies Profiled

  • BASF SE
  • Huntsman Corporation
  • Teknos Groups
  • DuPont de Nemours, Inc.
  • Versaflex Incorporated
  • Sherwin Williams Company
  • Pidilite Industries Ltd.
  • Covestro AG
  • PPG Industry Inc.
  • Rhino Linings Corporation

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Polyurea Coatings Industry by Category

By Type:

  • Pure Polyurea
  • Hybrid Polyurea

By Isocynate Type:

  • Aromatic
  • Aliphatic

By Application:

  • Building & Construction
  • Industrial
  • Automotive & Transportation

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~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,
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T: +1-845-579-5705
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Nickel Cobalt Aluminum Market to Grow at 5.3% CAGR from 2023 to 2033

 

The global nickel cobalt aluminum market is expected to reach USD 4,566.6 Million by 2033, up from USD 2,724.6 Million in 2023, representing a CAGR of 5.3% throughout the forecast period. Significant market traction for EVs and technological advancement in the renewable energy sector are propelling the product demand for NCA.

Nickel-cobalt aluminum alloys are highly sought after for their exceptional properties, including corrosion resistance, high strength, and heat resistance. The market encompasses various sectors such as automotive, aerospace, electronics, and energy, where these alloys are extensively used. NCA is commonly used as a cathode material in high-energy-density lithium-ion batteries for electric vehicles. Its high specific energy and power density make it suitable for providing long-range capabilities and high performance in EVs. The increasing demand for electric vehicles, which is being fueled by environmental constraints and rising consumer interest in eco-friendly transportation, is a significant factor driving the NCA market. Ravishing electronic sector growth is also another factor that is fueling the market expansion for the nickel cobalt and aluminum market. The expansion of renewable energy installations and the need for efficient energy storage systems will flourish significant opportunities during the assessment period for the market.

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The nickel cobalt aluminum market is required to abide by a lack of raw materials and transportation problems which are affecting the manufacturing and supply of NCA materials and hindering market growth. Strict environmental regulations controlling the mining, processing, and disposal of nickel, cobalt, and aluminum were also leading to concern for the manufacturers which may impede the growth to some extent. Further, the safety of NCA batteries has been a subject of concern due to the potential risk of fire hazards which can constrain the growth of the market.

As the automotive, electronic, and renewable sectors grow it is creating ample space for the NCA market as the rising adoption of electric propulsion systems in Aerospace, the ongoing developments in the healthcare industry, and the growing demand for lightweight, reliable medical equipment, the shift of Industries towards electrification and automation are creating huge demand surge for the market which will garner lucrative space for the growth of the market during the forecast period.

Key Takeaways from the Nickel Cobalt Aluminum Market:

  • The Nickel Cobalt Aluminum industry in the United States is predicted to reach US$ 334.9 by 2033, increasing at a 5.0% CAGR.
  • The Nickel Cobalt Aluminum industry in China is estimated to reach a market share of US$ 1,400.7 Million, expanding at a CAGR of 5.9% by 2033.
  • By Purity Type, the>99% segment is expected to grow at a significant CAGR of 5.3% from 2023 to 2033.
  • The Nickel Cobalt Aluminum industry in India is predicted to reach US$ 128.6 Million by 2033, increasing at a 5.4% CAGR.
  • Automotive segment of end-use is estimated to create an incremental dollar opportunity of about US$ 1,319.0 million during the period of 2023 and 2033 in the Global market.

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How Does the Competition Look in the Nickel Cobalt Aluminum Market?

Key companies are competing for market share in the fiercely competitive nickel cobalt aluminum sector.

Prominent players in this market

  • Panasonic Corporation
  • Samsung Electronics Co., Ltd.
  • SK Group
  • Contemporary Amperex Technology Co., Limited (CATL)
  • BYD Company Ltd.
  • EVE Energy Co., Ltd.
  • Amperex Technology Limited (ATL)
  • Guoxuan High-Tech Co., Ltd.
  • Lishen Battery
  • Farasis Energy Inc.

Key manufacturers are ensuring a proper supply of Nickel Cobalt Aluminum to meet the rising demand across the globe. Because of the high demand growth rate due to the rapid expansion of the EV sector, demand for Nickel Cobalt Aluminum is likely to increase over the forecast period. Key manufacturers are expanding their production capacity and forming long-term strategic alliances to meet the expected rise in demand

The market has seen a substantial surge in product development activities as leading manufacturers focus on releasing new products to stay ahead of the competition. To boost efficiency and reduce costs, these businesses have transformed how things are done and made large investments in regional manufacturing.

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Segmentation Analysis of the Market

By Purity Type:

  • >99%
  • <99%
  • Others

By End Use:

  • Automotive
  • Aerospace
  • Electronics
  • Defense and Military
  • Renewable Energy
  • Industrial Automation
  • Medical Devices
  • Power Tools
  • Others

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~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.
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Fiber-Reinforced Plastic (FRP) Recycling Market to Grow at a Robust 8.0% CAGR by 2033

Fiber-reinforced Plastic (FRP) Recycling Market Size
Fiber-reinforced Plastic (FRP) Recycling Market Size

According to Future Market Insights (FMI), the global fiber-reinforced plastic (FRP) recycling market is set to reach a valuation of USD 482.0 million in 2023. Over the forecast period, global FRP recycling demand is anticipated to increase at 8.0% CAGR, taking the overall market valuation to USD 1.0 billion by 2033.

Surging demand from end-use sectors such as transportation, building & construction, sports & leisure, and industrial is expected to drive the global FRP recycling market forward.

Rising environmental concerns along with implementation of stringent regulations is expected to uplift fiber-reinforced plastic (FRP) recycling demand during the assessment period.

Fiber-reinforced plastic recycling refers to the process of recovering and reusing materials from FRPs. The recycled materials are then utilized for manufacturing new products across several sectors.

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There are multiple recycling techniques used by end-use sectors for recycling FRPs. These include, mechanical recycling, thermal/chemical recycling, and incineration & co-incineration.

Growing focus on reducing waste and conserving resources is expected to fuel demand for fiber-reinforced plastic recycling during the projection period.

Escalating environmental awareness and enforcement of strict regulations pertaining to waste management & disposal are compelling sectors to employ recycling for materials like FRPs. Adoption of recycling techniques helps to reduce landfill waste and the overall environmental impact.

Rising demand for recycled products such as recycled FRPs is expected to positively impact global fiber-reinforced plastic recycling sales revenues during the assessment period.

Similarly, partnerships and collaborations between recycling companies, end-use sectors, and research institutions for driving innovations and investments in FRP recycling technologies might foster market development.

Key Takeaways from the Fiber-reinforced Plastic (FRP) Recycling Market Report:

  • The global fiber-reinforced plastic recycling industry is projected to reach US$ 1.0 billion by 2033.
  • Based on product, glass-fiber reinforced plastic segment is set to progress at 7.9% CAGR during the forecast period.
  • By recycling technique, thermal/chemical recycling segment is expected to thrive at 7.7% CAGR through 2033.
  • The United States FRP recycling market value is anticipated to total US$ 174.4 million by 2033.
  • FRP recycling demand in South Korea is predicted to increase at 7.9% CAGR during the assessment period.
  • China FRP recycling industry is likely to exceed a valuation of US$ 188.8 million by 2033.
  • Japan market is set to attain a valuation of US$ 150.0 million by 2033.
  • The United Kingdom market is poised to expand at 7.9% CAGR over the assessment period.

“Growing environmental concerns coupled with enforcement of new regulations for reducing composite waste is creating a conducive environment for the growth of the fiber-reinforced plastic recycling industry. To take advantage of emerging opportunities, key companies are likely to invest in new FRP recycling technologies and processes.” – says a lead Future Market Insights (FMI) analyst.

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Competitive Landscape:

These top companies are concentrating on launching new fiber-reinforced plastic recycling technologies as well as establishing new recycling facilities. They are also employing strategies such as mergers, alliances, collaborations, acquisitions, partnerships, and agreements to solidify their market positions.

Recent developments:

  • In June 2023, Toray Resins Europe GmbH developed a recycling process for GFR PPS resin waste from injection molding processes.
  • In December 2021, Apply Carbon strengthened its presence by investing in new manufacturing facility for recycled carbon fiber.

Top Key Players in the Market

  • Aeron Composite Pvt. Ltd
  • Carbon Conversions
  • Carbon Fiber Recycle Industry Co. Ltd
  • Carbon Fiber Recycling
  • Conenor Ltd
  • Eco-Wolf Inc.
  • Gen 2 Carbon Limited
  • Global Fiberglass Solutions
  • Karborek Recycling Carbon Fibers
  • MCR (Mixt Composites Recyclables)
  • Mitsubishi Chemical Advanced Materials GmbH

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.

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Octyl Alcohol Market to Surpass USD 8.9 Billion by 2033, Growing at a CAGR of 2.9%

Octyl Alcohol Market Outlook
Octyl Alcohol Market Outlook

 

By 2023, the market for octyl alcohol is expected to grow to a value of USD 6.7 billion. During the evaluation period, the market is anticipated to grow at a CAGR of 2.9% and surpass USD 8.9 billion by 2033.

Octyl alcohol, also identified as 1-octanol or caprylic alcohol, is a fatty alcohol with the chemical formula C8H18O. It is categorized as a primary aliphatic alcohol and is generally used in several industrial applications due to its multipurpose nature.

Octyl alcohol exists in diverse isomeric forms, of which primary octyl alcohol (1-octanol) is the most common and commercially important.

Octyl alcohol has a mild characteristic odor and is comparatively insoluble in water but soluble in organic solvents. Its exclusive combination of assets makes it useful in a wide range of applications in diverse sectors.

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Octyl alcohol is used in the manufacturing of several pharmaceutical intermediates and as a raw material for the synthesis of perfumes. It is likewise found in cosmetics and personal care products, counting lotions, creams, and shampoos, where it acts as an emollient, thickener, and emulsifier.

Octyl alcohol is the key raw material in the production of plasticizers, an additive that enhances the flexibility and machinability of plastics. It is commonly used in the synthesis of plasticizers such as dioctyl phthalate (DOP), which is used in the production of soft PVC products.

The characteristic odor of octyl alcohol makes it valuable in creating flavors and aromas that are used in several consumer products. This includes food, beverages, perfumery, and household goods.

Octyl alcohol can also be used as a solvent in laboratory and industrial processes, especially for reactions and extractions where a relatively non-polar medium is required.

Regulatory considerations, including environmental regulations and health and safety standards, may affect the production, use, and disposal of octyl alcohol.

As sustainability becomes a greater concern, there may be pressure for eco-friendlier alternatives or bio-based derivatives of octyl alcohol. Research efforts are underway that may lead to the development of new applications or improved methods of octyl alcohol production.

Factors such as the availability of raw materials, logistical considerations, and geopolitical influences can affect the supply and price of octyl alcohol. In sectors such as personal care and cosmetics, consumer demand for natural and eco-friendly ingredients can influence the use of octyl alcohol in product formulations.

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Key Takeaways from the Report:

  • The market in the United States is projected to reach USD 1.6 billion by 2033, growing at a CAGR of 9%.
  • The market in China is expected to reach a market share of USD 2.1 billion, expanding at a CAGR of 8% during the forecast period.
  • Based on the type, the industrial grade segment is expected to continue dominating the octyl alcohol industry with a CAGR of 8% from 2023 to 2033.
  • Based on application, the 1-Octanol segment is expected to continue dominating the octyl alcohol industry with a CAGR of 7% from 2022 to 2033.
  • The octyl alcohol market in the United Kingdom is estimated to reach a value of USD 315.4 million, expanding at a CAGR of 6% during the forecast period.

“Octyl alcohol is used in the pharmaceutical sector to estimate the lipophilicity of treatments and as a solvent in manufacturing courses. Its important role in the production of surfactants is a vital ingredient in the production of washing powders, shampoos, and other cleaning goods, stable foaming, increased detergency, and enhanced overall performance of the cleaning product.” – says a lead analyst at Future Market Insights (FMI)

Who is Winning?

Sasol; BASF; SABIC; BharatPetroleum; KLK OLEO; are key manufacturers listed in the report.

Competitive Landscape:

Key market players in the octyl alcohol market uphold their competitiveness by leading on product excellence and constancy and investing in research and development for product innovation and launch.

Key establishments are implementing growth strategies such as acquisitions, partnerships, and subsidizing to the development of the market.

For instance,

  • In March 2023, Bharat Petroleum Corporation Limited and Andhra Petrochemicals Ltd raised the price of 2-Ethylhexanol in This value increase is due to rising commodity prices coupled by strong demand for the merchandise in the market.

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Top Key Players

  • Sasol
  • BASF
  • SABIC
  • Bharat petroleum
  • KLK OLEO

Get More Valuable Insights

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global octyl alcohol industry presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.

The study incorporates compelling insights on the octyl alcohol market based on Type (Industrial grade, Food grade, Others) Application (1-Octanol [Flavors & Fragrances, Pharmaceutical, Others] 2-Octanol [Flavors & Fragrances, Agrochemicals, Resins, Others] 2-Ethylhexanol [Plasticizers, 2-EH Acrylate, 2-EH Nitrate, Others])

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.

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Global Disinfectant Chemicals Market Poised for Significant Growth, Expected to Reach USD 4 Billion by 2032

Disinfectant Chemicals Market
Disinfectant Chemicals Market

The global disinfectant chemicals market, currently valued at USD 2.5 billion, is projected to expand to USD 4 billion by 2032, growing at a compound annual growth rate (CAGR) of 5% from 2022 to 2032. This growth is driven by increasing awareness of hygiene and sanitation, the ongoing need to prevent the spread of infectious diseases, and the heightened use of disinfectants in various sectors, including healthcare, commercial, and residential settings. Enhanced regulatory standards and advancements in disinfectant formulations are also contributing to the market’s upward trajectory, ensuring effective and safer disinfection solutions for a broad range of applications.

Disinfectant chemicals are gaining popularity due to the capacity to neutralize, regulate, or eradicate germs found on the inanimate objects or surfaces. As an outcome, research and diagnostic laboratories, hospitals, clinics, and hospitals demand these items in greater proportion. The usage has almost doubled after the outbreak of Covid-19. Also, the end-consumers have turned out to be all the more cautious regarding food- and water-borne infections caused through various viruses, bacteria, and parasites like salmonella, norovirus, cholera, and likewise.

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The ongoing trend is that of several start-ups coming up with alternatives to conventional chemical-based decontaminants that could be capable of cleaning microcavities as well. Vaporized hydrogen peroxide and aerosol are being looked upon as such alternatives. The recent ‘no-touch’ (automatic) decontamination techniques include pulsed-xenon UV light system, continuous generation of UV-C light, and high-intensity narrow-spectrum (405 nm) light. For example – Indra Water (India), which is highly experienced in handling even heavily contaminated wastewater, did upgrade their technology for building and creating VAJRA system to disinfect spaces as well as equipment for preventing infection through Covid-19.

At the same time, it needs to be noted that chemical disinfectants broadly used in poultry facilities, healthcare facilities, hospitals, food product manufacturing plants, abattoirs, sanitary services for killing germs causing diseases could have flammable and explosive properties aplenty. Various disinfectants are likely to react aggressively with various unrelated compounds and emit poisonous gases that could put the lives of employees in danger.

There are numerous ways through which chemical disinfectants could enter human body – inhalation, ingestion, and absorption through mucous membranes or skin. Also, extensive usage of hand sanitizers could cause irritation to the skin due to presence of chemicals like chlorhexidine, alcohol, triclosan, and chloroxylenol. Plus, chemicals such as sodium hypochlorite, on close contact with environment and humans, could prove to be detrimental in the long run. These factors may restrain the disinfectant chemicals market in the forecast period. Future Market Insights has walked through these findings with insights in its latest market study entitled ‘Disinfectant Chemicals Market’. The team of consultants and analysts is there to work upon macros and micros herein.

“With increasing applications of disinfectant chemicals in food & beverages’ processing, healthcare, plastic, and textile industries, the global disinfectant chemicals market is bound to grow on a splendid note in the forecast period”, says an analyst from Future Market Insights.

Key Takeaways from Disinfectant Chemicals Market

  • North America holds the largest market share. This could be attributed to increasing awareness regarding personal hygiene & health, cleanliness, rise in spending on healthcare, well-established healthcare infrastructure, and initiatives by governments of the US and Canada.
  • Europe stands second on this count with government entities pushing for usage of disinfectant chemicals all over.
  • Coming to the Asia-Pacific, countries like India and China are expected to rule the roost in the forecast period. This could be credited to a greater percentage of population contracting ventilator-associated pneumonia, central line-associated bloodstream infections, catheter-associated urinary tract infections, surgical site infection, and likewise.
  • In MEA, call for effective sanitization is expected to bring about a drastic change in disinfectant chemicals market.

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Competitive Chemicals

  • DuPont Electronics & Imaging, in June 2019, did announce 3 novel chemistries for extending support to advanced semiconductor fabrication – DuPont EKC 590 CuSolve remover, EKC PCMP3210 cleaner, and EKC PCMP2110 cleaner.
  • Diversey Holdings, Ltd., in December 2021, completed acquisition of Birko Corporation along with its subsidiary ‘Chad Equipment LLC’. The basic purpose was to strengthen the foothold all across Canada and the US.

Some of the key participants present in the global demand of the disinfectant chemicals market include DuPont, 3M, ABC Compounding Co., Inc., and Cardinal Health, Inc., among others.

What does the Report discover?

  • The research study is based on type (liquids, sprays, wipes, and others) and by end-user (hospitals, households, food & beverages, and likewise).
  • With disinfection of surroundings being made compulsory, the global disinfectant chemicals market is bound to witness grandeur in the forecast period.

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.

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Calcium Sulphate Industry in Northern Europe Projected to Grow at a CAGR of 5.3% from 2022 to 2032

Northern Europe Calcium Sulphate Market
Northern Europe Calcium Sulphate Market

The Northern Europe calcium sulphate market is anticipated to experience a robust growth rate, projected to expand at a 5.3% CAGR between 2022 and 2032, according to Future Market Insights (FMI). Calcium sulphate, which can be found naturally or synthesized through chemical methods and intermediates, is expected to see increasing demand across various industries in the region. This growth can be attributed to its widespread applications in sectors such as construction, agriculture, pharmaceuticals, and food & beverages.

Calcium sulphate has a wide range of commercial and industrial applications due to its excellent physicochemical properties. Calcium sulphate can be used as a soil conditioner for agriculture, as a coating agent for the paper industry, to make paper very shiny, as a desiccant in chemical laboratories, as a coagulant for foods and beverages, and for coloring paints used as a pigment.

Gypsum, the dihydrate form of calcium sulphate, is the most commonly used form and important raw material in the construction industry. It is used to make Portland cement, highly specialized plasters (also known as gypsum plasters) for wall surfaces, wallboard, cement blocks, and mortars. Growing government infrastructure development initiatives in a number of countries are creating new opportunities for gypsum producers to profit from the construction industry.

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Agrochemical demand is increasing to maximize production from available land. The agricultural industry relies heavily on calcium sulphate dihydrate, also known as gypsum. It is a calcium and sulphur source for plant nutrition. Calcium is required for plants to absorb the majority of their nutrients. It also helps to improve the soil structure. It aids in the improvement of flocculation or aggregation. It also increases the water infiltration & prevents waterlogging in soil. Growing demand from the agriculture industry is expected to drive the demand in the forecast period.

“Over the assessment period, sales of calcium sulphate are expected to be driven by the growing construction industry across Northern Europe followed by agrochemicals and paints & coatings,” says an FMI analyst. 

Key Takeaways:

  • The additive segment is projected to hold approximately 58% of the total market share in 2022.
  • The cement & plaster segment is anticipated to grow at 5.6% CAGR through 2032.
  • The calcium sulphate market in the U.K. is expected to create an incremental dollar opportunity of USD 453.9 Million in the forecast period.
  • The technical grade segment is expected to reach about US$5,862.3Mn by end of the forecast period.

Competitive Landscape          

Key market participants of the calcium sulphate market elaborated in the report include Saint-Gobain, Solvay SA, Honeywell International Inc., Penta Manufacturing Company, Celtic Chemicals Limited, Miber Mineral Roset, Glentham Life Sciences Limited, Fluorsid, AKO KASEI CO., LTD, JRS Pharma, Macco Organiques, s.r.o., Spectrum Chemical MFG Corp., GFS Chemicals Inc., and others.

Key players are focused on high-growth end-use industries such as construction and infrastructure where calcium sulphate is widely used. These benefits manufacturers in terms of revenue and product portfolio. Leading manufacturers in the market are focusing on high-growth end-use industries to increase annual sales. Great market opportunities are expected from the growth of certain end-use industries such as construction, paints, coatings, and the expansion of infrastructure projects.

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More Insights into the Northern Europe Calcium Sulphate Market Report 

In its latest report, FMI offers an unbiased analysis of the Northern Europe calcium sulphate market, providing historical data for the period of 2017-2021 and forecast statistics for the period of 2022-2032. To understand the global market potential, its growth, and scope, the market is segmented based on product type (anhydrous & hydrated), by grade (technical, food & pharma), by function (coagulant, thickening agent, excipient, desiccant & additive), by end use (cement & plasters, agrochemicals, paints & coatings, paper, mining, food & beverages, cosmetics & personal care, pharmaceuticals) & by country (Germany, United Kingdom, Ireland, France, Netherlands, Belgium & Rest of Northern 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 ~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.
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T: +1-845-579-5705
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