Global 1-Hexene Market Projected to Reach USD 168.2 Million by 2032, Exhibiting a 5% CAGR

1-Hexene Market
1-Hexene Market

The global 1-hexene market is expected to reach a valuation of USD 168.2 Million in 2032, with the market growing at a moderate CAGR of 5% from the forecast period of 2022 to 2032. Valued at USD 105.1 Million in 2021, the target market is expected to reach an estimated USD 117.9 Million by the end of 2022. Extensive usage in diverse end-use industries which are experiencing growth will likely drive the growth in the 1-hexene market during the forecast period.

1-Hexene is primarily used in the production of polyethylene in various end-use industries. The rising application of the product in this process will bolster the prospects of the target market. Other major applications of 1-hexene include chemical synthesis, polymer production, as well as the production of perfumes, flavors, and dyes. The target product is largely used in the manufacturing of polyethylene and linear aldehydes. Thus, increasing usage of these organic compounds in the chemical sector is set to foster growth in the 1-hexene market during the projected period.

Apart from the above usage, 1-hexene also gains application and great commercial value in the polymer industry. The demand generated by the polymer industry will likely fuel growth in the 1-hexene market over the next few years. Moreover, the growing demand for specialty chemicals, easy availability of raw materials, and rising applications of LDPE and HDPE will further aid the growth of the 1-hexene market.

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Again, progress in technologies and greater investments in the polymer sector all over the world will drive the expansion of the 1-hexene market size. In addition, extensive usage of 1-hexene in the manufacturing of HDPE and LDPE, rising demand for the product in advancing specialty chemicals industry, increasing applications of the organic compound in agriculture and packaging sectors will stimulate new growth opportunities for chemical organizations which, in turn, will fuel the growth in the 1-hexene market.

“Extensive application in chemicals, industrial, and pharmaceutical industries will likely supplement the global growth of the 1-hexene market over the forecast period,” says an FMI analyst.

Key Takeaways:

  • Enhancement in the production process of 1-hexene will strengthen market prospects.
  • Fluctuation in raw material prices may hamper the 1-hexene market growth.
  • Chemical and Industrial sector expansion in India and China will propel the target market growth in the Asia Pacific region.
  • Europe’s 1-hexene market will be a close second to the Asia Pacific market growth.

Competitive Landscape

Sasol, the Linde Group, Chevron Phillips Chemical Company, SABIC, the Dow Chemical Company, Royal Dutch Shell plc, Qatar Chemical Company Ltd (Q-Chem), Idemitsu Kosan Co.Ltd, INEOS, and Nizhnekamskneftekhim among others are some of the major players in the 1-hexene market profiled in the full version of the report.

Leading market players are keen on signing long-term contracts with raw material suppliers to counteract market restraints. These enterprises also employ strategic partnerships and collaborations, contracts and expansion strategies to strengthen their business.

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More Insights into 1-Hexene Market Report

In its latest report, FMI offers an unbiased analysis of the global 1-hexene market, providing historical data from 2015 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of application (polyethylene production, heptanol production, flavors, perfumes, dyes, resins), end user (paper industry, consumer goods, chemical industry, automotive industry, packaging industry, cosmetics and pharmaceuticals industry), and region.

According to the latest FMI reports, based on region, the 1-hexene market in the Asia Pacific region is expected to present notable growth during 2022-2032. The target market in this region will avail several lucrative opportunities owing to the advancing industrial and chemicals sectors in China and India. The surging production of 1-hexene in China at low costs coupled with swift industrial growth will further aid the growth of the 1-hexene market in this region.

Apart from Asia Pacific, the 1-hexene market in Europe will also exhibit significant growth during 2022-2032. The target market growth in this region will be a close second to that of Asia Pacific. Rising demand from pharmaceuticals and cosmetics industry will aid the market growth of 1-hexene in this region over 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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Customer Journey Analytics Software Market is Expected to Reach a High Valuation of USD 7.4 Billion by 2032 | FMI

The customer journey analytics software market is estimated to reach from USD 2.1 Billion in 2022 to USD 7.4 Billion in 2032 and is projected to reach a CAGR of 13.7% during the forecast period from 2022 to 2032. With the recent boom in digital technology and transformation, customers have gone through a consumer revolution in terms of changes in purchasing patterns, choices, and modes.

To serve businesses in the market, vendors continuously seek to incorporate new features into their solutions. Buyers will have more access to small-scale suppliers as a result of increased market competition. Customer journey analytics software will expand as a result of rising demand for seamless customer experiences and a focus on customer engagement tactics across a variety of channels.

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Key Takeaways from the Customer Journey Analytics Software Market Report:

  • Large enterprise customer journey analytics software segment to expand at a CAGR of 13.1% during the forecast period
  • In the U.S., the market is predicted to reach USD 2.7 Billion while growing at a CAGR of 13.4% during the forecast period.
  • China’s market will grow at a 13.1% CAGR during the forecast period.
  • South Korea recorded a CAGR of 11.2% CAGR during the forecast period.
  • Japan is expected to reach a CAGR of 12.1% during the forecast period between 2022 and 2032.
  • The market for cloud-based type customer journey analytics software segment is to expand at a CAGR of 13.6% during the forecast period.

Competitive Analysis:

  • In March 2022, Adobe announced a new feature for Customer Journey Analytics, its platform-agnostic customer tracking solution under Adobe’s Experience Cloud. As a new experimentation feature in Journey Analytics, Adobe introduced a new way for businesses to test real-world scenarios and analyze their results to better understand how even small changes can affect the overall customer journey across their various properties
  • In January 2021, Quantum Metric, a company that helps businesses build better digital products faster, announced a $200 million Series B investment led by Insight Partners that secures its place among the first tech unicorns of the year. As Quantum Metric grows its customer base, the new funding will be used to continue building features and functionality on its platform, as well as investing in its product and support teams to better support its continuous product development (CPD).

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Leading Key Players:

  • Adobe
  • Pointillist
  • Salesforce
  • Flockrush
  • Indicatie
  • Verint
  • CloudCherry
  • Cooladata
  • UXPressia
  • Alterian
  • Auryc

Customer Journey Analytics Software Market Segmentation:

By Type:

  • Cloud-Based
  • On-Premises

By Application:

  • Large Enterprises
  • SMEs

By Region:

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

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About Future Market Insights (FMI)

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

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Customer-To-Customer (C2C) Community Marketing Software Market is Growing at a Strong CAGR of 6.2% by 2032 | FMI

The global customer-to-customer (C2C) community marketing software market is expected to garner a market value of USD 2.8 Billion by 2032 while recording a CAGR of 6.2%. The growth of the market can be attributed to the increasing public engagement and the surging importance of community engagement platforms across the globe. Also, with the rising ownership of smartphones, the industry is likely to benefit.

Furthermore, the surged popularity of online auctions has enhanced the market size. Benefits offered such as; larger reach, more buyers, and cost-effectiveness, among others, are likely to support the market expansion.

Integration of artificial intelligence in the C2C community marketing software is expected to offer various opportunities to the market. Also, with the presence of various startups, the market is likely to flourish in the assessment period.

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For instance, in April 2022, a Nashville-based firm, known as Crank Farm, rolled out a social auction platform that focuses on cyclists who want to sell or buy performance bicycles. On the contrary, risks associated with fraudulent activities in C2C marketing platforms are likely to hamper the market in the forecast period.

However, the implementation of stringent laws in several countries, such as Australia, is expected to act as a significant counter, which can benefit the industry in the coming time.  

Key Takeaways from the Customer-To-Customer (C2C) Community Marketing Software Market Report: 

  • The cloud-based segment to expand at a CAGR of 6.1% during the forecast period  
  • The U.S market size is to reach US$ 1 Billion by the end of the 2022-2032 forecast period 
  • Market in the UK to expand at a CAGR of 4.8% from 2022 to 2032  
  • Japanese market to record a CAGR of 4.5% in the assessment period  
  • Market in South Korea to exhibit a CAGR of 4% from 2022- to 2032
  • The retail and e-commerce segment exhibited a growth rate of 5.7% during the assessment period 

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Competitive Landscape:

Players in the market are focusing on expanding their reach across the globe through various strategies such as; acquisitions, partnerships, and product launches, among others. Some of the key players in the market include Meta, Bevy, LinkedIn Corporation, Tribe Technologies Inc., and Meetup Pro. Key developments in the sector are: 

  • In July 2021, Bevy, a US-based firm that focuses on enabling businesses to build community, acquired Eventtus. Eventtus is an Egyptian startup, which creates even apps that enable organizers to engage attendees. Customers will experience benefits such as a white-labeled community event engine, ticketing, and registration that is fully integrated and powered by a matchmaking algorithm, and interactive sessions that offer Q&A, polls, and reactions.  
  • In February 2022, LinkedIn acquired Oribi, a Tel-Aviv-based marketing analytics company. The initiative was taken to offer a more comprehensive suite of marketing solutions to businesses. It was LinkedIn’s first-ever Israeli acquisition.

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Customer-To-Customer (C2C) Community Marketing Software Market Segmentation:

By Type:

  • On-Premises
  • Cloud-based

By Application:

  • Retail and e-Commerce
  • Health and Life Sciences
  • BFSI
  • Transport and Logistics

By Enterprise Size:

  • Small and Medium Enterprises
  • Large Enterprises

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Customer Advocacy Software Market to be Worth USD 1.4 Billion by 2032: Future Market Insights, Inc.

The global customer advocacy software market is estimated to garner USD 1.4 Billion while exhibiting a 7.1% CAGR during the forecast period. Mainly due to the availability of smart technologies amongst the masses the global customer advocacy software market has grown by leaps and bounds in recent years.

As enterprises strive to attain a competitive edge, customer advocacy is a necessity. Many large enterprises are considering the extraction capabilities for getting valuable insights from big data, which is opportunistic for the market and will help boost the growth of the market.

Also, small and medium-scale businesses are shifting their business to a digital platform, small-scale businesses are using customer advocacy software solutions for several uses and it is helping them to become more productive, smarter, and efficient and also to form a loyal customer base. With increasing cloud-based solutions, the customer advocacy software industry is expected to secure USD 718 Million in 2022.

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Rising penetration of big data technologies, cloud computing, and other advanced technologies have prompted customer advocacy software providers to transform services to a whole new level. Also, the increasing use of cloud-based technology such as artificial intelligence and big data in many applications impelled the growth of the market. The enterprise propaganda segment is likely to offer remunerative opportunities for the global customer advocacy software market. 

Key Takeaways from the Customer Advocacy Software Market Report: 

  • By type, the cloud-based segment is expected to record a 6.9% CAGR by 2032  
  • By application, the enterprise propaganda segment is to expand at a 6.8% growth rate during the forecast period  
  • The U.S market to garner USD 510 Million and record a 7.0% CAGR from 2022-2032  
  • Market in China to procure USD 104.5 Million, expanding at a 6.5% growth rate during the assessment period 

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Competitive Landscape:

Key players in the global customer advocacy software market include One Click Politics, The Soft Edge, CQ-Roll Call, Capitol Impact, and Capitol Canary among others. Market players are leveraging strategic collaborative initiatives to increase their market share and increase their profitability. Recent developments among key players are: 

  • In March 2021– Blackbaud the world’s leading cloud software company powering social good, introduced Blackbaud CRM which provides enterprise institutions with a strong foundation to support broader technology initiatives across campus, enabling them to drive fundraising and engagement success. 
  • In February  2022– Capitol Canary, the leading government affairs technology platform, after acquisitions of KnowWho and GovPredict, which paved the way for the company to provide a comprehensive government affairs solution that combines detailed legislative and regulatory intelligence, proven advocacy tools, and the most accurate policymaker contact data.

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Customer Advocacy Software Market Segmentation:

By Type:

  • On-premises
  • Cloud-based

By Application:

  • Enterprise Propaganda
  • Government Election
  • Organize Fund-raising

By Region:

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

About Future Market Insights (FMI)

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

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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Sodium Carbonate Market Surges: Pharmaceutical Grade Sales Propel Growth to USD 61.4 million by 2034

The global pharmaceutical grade sodium carbonate market is estimated to be USD 46.7 million in 2024 and is projected to surpass USD 61.4 million by 2034, expanding at a CAGR of 2.8%.

A new research study titled “Pharmaceutical Grade Sodium Carbonate Market: Global Industry Analysis and Opportunity Assessment (2024 to 2034)” by Future Market Insights presents an extensive analysis of the industry along with global trends and opportunities across various regions. The analysis also includes key driving factors as well as restraining aspects that impact the global market’s growth. This extensive market research report covers the historical market scenario for pharmaceutical-grade sodium carbonate along with a forecast analysis for a period of 10 years.

Increase in the Consumption of Drugs to Treat Gastrointestinal Diseases Expected to Fuel the Demand for Pharmaceutical Grade Sodium Carbonate

Owing to unhealthy food habits, demographic changes, sleeping habits, and changes in other daily activities, the rate of gastrointestinal diseases has increased. According to the World Gastroenterology Organization, about 35% to 40% of the world’s population is suffering from chronic or acute gastrointestinal diseases. Due to changes in diet and associated irregularities in food consumption, a higher percentage of the population is developing gastrointestinal disorders.

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This has spurred the consumption of antacids and other gastrointestinal drugs. Pharmaceutical grade sodium carbonate is largely used as an API in various antacids to treat gastrointestinal drugs. This has fuelled the consumption of the chemical at a global scale consequently fuelling the growth of the global pharmaceutical grade sodium carbonate market.

Key Companies Involved in the Global Pharmaceutical Grade Sodium Carbonate Market

Prominent players involved in the global pharmaceutical grade sodium carbonate market are concentrating on expanding their production capacity with a view to meet the increasing demand for pharmaceutical grade sodium carbonate at a global level from various end users for different applications. A few of the major players operating in the global pharmaceutical grade sodium carbonate market are

  • Solvay SA
  • Novacarb (Novacap Group)
  • Dr. Paul Lohmann GmbH KG
  • CIECH S.A.
  • Natural Soda LLC
  • Jost Chemical Co.
  • Tianjin Chengyuan Chemical Co. Ltd.
  • Weifang Hongyuan Chemical Co. Ltd.
  • Tronox Alkali Corporation

Analysis of these players is included in this research report, the scope of which covers financial data, product portfolio, expansion strategies, and key developments and innovations.

Higher Price of Pharmaceutical Grade Sodium Carbonate to Hinder the Growth of the Global Market

The consumption of pharmaceutical grade sodium carbonate is limited to specialty, niche and certain high cost applications that require high levels of purity. Pharmaceutical grade sodium carbonate is manufactured using batch process to obtain high purity. Extreme caution is essential during the manufacturing process of pharmaceutical grade sodium carbonate coupled with low volume of production, the costs incurred in production are high as compared to regular grades of the chemical. This has resulted in increased pricing of pharmaceutical grade sodium carbonate which has a negative impact on the growth of the global market.

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Key Segments of Market Report

By Grade:

As per grade, the industry has been bifurcated into fine pharmaceutical grade sodium carbonate and coarse pharmaceutical grade sodium carbonate.

By Application:

Pharmaceutical grade sodium carbonates find application as API, for pharma excipients, personal care, and others.

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Rising Electronics Industry Drives Demand: Global Electronics Cleaning Solvents Market to Expand at 5.9% CAGR through 2029

The global electronics cleaning solvent market is projected to exhibit a value CAGR of 5.9% during the forecast period of 2022 to 2029. The introduction of low-cost electronics cleaning solvents, such as hydrofluoroethers (HFEs), which are designed to effectively remove solder flux residue from printed circuit boards, along with their environmental and safety advantages over chlorinated solvents and ozone-depleting hydro-chlorofluorocarbons (HCFCs), is expected to drive the demand for electronics cleaning solvents further.

The electronics cleaning solvents industry is constantly advancing, and superior methods and products are being developed to concur with advancements in the electronics field. Electronics cleaning solvents add to the functional quality and longevity of electronic components and products; hence, these have been gaining higher importance in the electronics industry. Certain solvents also impart high insulation resistance characteristics to components and devices, which boosts their demand for electronics cleaning.

“Stringent regulatory environmental norms have compelled manufacturers to focus on products that result in minimal ozone depletion and contribution to global warming. One such product type, fluorinated solvents, is witnessing significant demand, and is expected to establish higher prominence in the electronics cleaning solvents market until a better alternative surfaces.”

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Key Takeaways of Electronic Cleaning Solvents Study

  • Fluorinated solvents product type is anticipated to grow at a healthier rate. Its market share is projected to increase due to its zero ozone depletion potential, low global warming potential, and high solvency.
  • The separated co-solvent process uses formulated hydrocarbon solvents as cleaning solvents and is extensively used in the PCB industry, owing to the extraordinary cleaning results it provides.
  • Formulated hydrocarbon solvents have developed new opportunities in the electronics cleaning solvents market over the years, and the segment is projected to witness strong market growth, supported by rising preference for this type in PCB and electronic industries.
  • APEJ and Japan, together, have established a lion’s share in the electronics cleaning solvents market, owing to the expanding electronics and electrical industry in the region. Together, the region holds over 70% of the electronics cleaning solvents market share. Moreover, the electronics industry in the region is still at a growing stage and is anticipated to flourish over the coming years.
  • The electronics industry is focusing on electronics miniaturization; hence, nanotechnology and micro electromechanical systems (MEMS) are growing in functionality as well as acceptance in a majority of applications among various industries such as consumer electronics, automotive, aerospace, medical devices, and others.

Market Landscape Moving Towards Fragmentation

The electronics cleaning solvents market is partially consolidated, with the presence of a large number of market players in both, tier I and II brackets. However, as the electronics industry is becoming highly competitive and fragmented year-by-year, the electronics cleaning solvents market is also anticipated to move towards fragmentation.

As the number of tier II and III players in the end-use sectors increases, the market is bound to witness an increase in tier II & III manufacturers to cope up with the increase in demand at variable prices.

Some of the established manufacturers in the electronics cleaning solvents market

  • 3M
  • Albemarle Corporation
  • LyondellBasell Industries Holdings B.V.
  • Honeywell International, Inc.
  • BASF SE
  • The Dow Chemical Company
  • Eastman Chemical Company
  • Arkema SA
  • Asahi Glass Co., Ltd.
  • The Chemours Company
  • Solvay SA
  • Corbion N.V.
  • Godavari Biorefineries Ltd.
  • Chevron Phillips Chemical Company
  • Invista
  • A. W. Chesterton Company
  • Aervoe Industries, Inc.
  • HK Wentworth Ltd
  • Vantage Specialty Chemicals, Inc.
  • Permatex
  • CRC Industries
  • Oxea GmbH
  • ISU Chemical Co Ltd.
  • LCY Chemical Corp.
  • Deepak Fertilizers and Petroleum Corporation Limited
  • CNPC Northeast Refining & Chemical Engineering Company Limited (PetroChina Co. Ltd.)

Tier I participants are anticipated to face strong competition from tier II & III players over the foreseeable future.

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Electronics Cleaning Solvents Market by Category

By Product:

  • Formulated Hydrocarbon Solvents
  • Glycols & Glycol Ethers
  • Fluorinated Solvents
  • Brominated Solvents
  • Light Petroleum Distillates

By Cleaning Process:

  • Vapor Phase Degreaser
  • Vacuum Cleaning
  • Mixed Co-solvent
  • Separated Co-solvent
  • Semi-aqueous

By Region:

  • North America
  • Latin America and Middle East & Africa (LAMEA)
  • Europe
  • Asia Pacific Excluding Japan (APEJ)
  • Japan

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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Structural Adhesive Market Set for Robust Growth: Projected CAGR of 4.8% to Reach US$ 19,619.8 million by 2033

The structural adhesive market is expected to reach US$ 12,276.7 million in 2023. The market is predicted to reach a value of US$ 19,619.8 million in 2033. Between 2023 and 2033, the market is expected to register a growth rate of 4.8%.

Biocompatibility and the ability to bond with biological tissues and materials will continue to be key features of medical and biomedical adhesives. The flexibility of adhesives comes from their ability to bond plastics, metals, and composites together. The benefits of these technologies allow engineers and designers to create innovative and lightweight structures.

The use of structural adhesives can reduce the risk of corrosion in marine and offshore industries, where corrosion is a concern. Structured adhesives can seal and insulate, making them good for applications that need to resist moisture, substances, or temperature variations. In industries such as automotive and aerospace, structural adhesives can be valuable for reducing vibrations and noise.

Using adhesives instead of welds and rivets can help reduce the amount of emissions and waste produced during the application and removal of these materials as environmental regulations become more stringent. Along with simplifying and speeding up the production process and reducing the number of mechanical fasteners, adhesive bonding can be a simple and effective way of simplifying and speeding up the production process.

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Researchers and engineers are constantly working on developing new adhesive materials with improved properties. These may include adhesives that are stronger, more durable, resistant to extreme temperatures, and compatible with a wider range of substrates.

An adhesive formulation can be improved by using nanomaterials like nanoparticles and nanotubes. The properties of these nanomaterials can be improved in terms of adhesion strength, toughness, and resistance to environmental factors. Smart or adaptive properties may be added to structural adhesives market growth in the future. In the case of adhesives, self-healing capabilities or improved flexibility can be achieved by changing their properties with changes in the environment or mechanical stress.

Key Takeaways from the Structural Adhesive Market Report:

  • According to FMI, building & construction are expected to hold 38.3% of market revenue by 2033.
  • A market share of 39.1% is anticipated for PU-based products in the structural adhesive market.
  • The United Kingdom is expected to record a CAGR of 3.7% until 2033.
  • In 2033, the demand for structural adhesives in the United States is expected to increase by 4.6% CAGR.
  • By 2033, the structural adhesives market in India is predicted to expand at 6.4% CAGR until 2033.

“Eco-friendly and sustainable structural adhesives are growing in demand on the market. A growing number of construction projects and a strong need for high-quality sealants and insulation will drive market growth in the near future.” – says Nikhil Kaitwade, Associate Vice President at Future Market Insights, Inc.

Competitive Landscape:

Structural adhesives are a highly competitive market that several companies occupy. Niche markets for specific demographics are becoming more popular. Strong partnerships and a focus on innovation have helped the market. Recent developments have led to the introduction of a number of structural adhesives.

Market Developments Include:

  • In April 2023, Henkel streamlined its Adhesive Technologies business by establishing three instead of four business areas. In order to accomplish this objective, they have introduced a new organizational structure, which consists of three divisions, mobility & electronics, packaging & consumer goods, and craftsmen, construction & professional services.
  • In June 2023, Bostik and Polytec PT launched a new thermal conductive adhesives range to accelerate innovative battery designs. Thermal management – or TIMs – plays an increasingly important role in e-mobility, characterized by fast charging.

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Structural Adhesive Market Segmentation:

By Product Type:

  • Epoxy-based Structural Adhesive
    • One Component
    • Two Component
  • Acrylic-based Structural Adhesive
  • Polyurethane-based Structural Adhesive
  • Cyanoacrylates
  • Others

By Application:

  • Transportation Sector
    • Automotive Sector
    • Aerospace Sector
    • Marine Sector
  • Building & Construction Sector
  • Energy Sector
  • Others

By Region:

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

About Future Market Insights (FMI)

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

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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Fuel Additive Demand Drives Growth in CDU Heat Exchanger Antifoulants Market, Projected at 3.1% CAGR through 2028

Growing environmental concerns across the globe have triggered the adoption of devices and equipment that aid in providing a cleaner environment. In the wake of this, industries worldwide are striving to adhere to the policies that have been implemented by the governments in order to maintain a competitive edge in the global market.

According to a report published by Future Market Insights (FMI), the global CDU heat exchanger antifoulants market is expected to witness a CAGR of 3.1% from 2022 to 2028. In 2017, the market was worth US$ 160.3 Million in 2021 and is estimated to rise to a valuation of US$ 197.6 Million by the end of 2028.

One such chemical that is added to the heat exchanger equipment in oil refineries is antifoulants which help in saving the machine from any form of corrosion. Corrosion inhibitors are used in machinery as they provide long-term benefits such as reducing corrosion and improving the safety of the operational equipment

In order to retain their position in the market, companies are fiercely competing against each other. Their awareness regarding the importance of maintaining their machinery and equipment has increased.

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They are also expanding the oil refineries according to the growing application needs and their ability to handle the challenges of the industry. Some of the leading companies operating in the market are BAKER HUGHES, a GE Company, Dorf Ketal, CHIMEC SpA, Croda International Plc, CRISTOL, Eonchemical, Chematek S.p.A., Expert Chem SERV, Innospec, and SUEZ.

Changing Geopolitical Scenario, Coupled with Growing Awareness Regarding the Use of Safe Equipment, Poised to Benefit Market

Globalization, population explosion, and economic changes have not only contributed to the crude oil industry but have also resulted in a rise in the standards of oil and gas services. The formulation of fouling deposits can have a number of effects. For instance, it can decrease heat transfer, impede fluid flow, and impair the safe operation of equipment. In recent times, people have become vigilant towards the safe operation of equipment, which, in turn, is expected to accelerate the growth of the antifoulant market over the forecast period.

Moreover, huge amounts of fuel additives are utilized in the manufacturing of crude oil. These additives act as the backbone of refinery sectors across the globe. Refineries strive for reliability and processing flexibility with minimal fouling and impurities. An antifoulant treatment program is the result of the incentive loss. The burgeoning use of fuel additives for the purpose of oil purity, in turn, is anticipated to boost demand for antifoulants. Spin-off benefits are acquired with treatment programs, which are more important than sustainable benefits.

Fluctuating Oil Prices to Limit Market Expansion

Feedstock for naphthenic oil and paraffinic oil is processed from base oil, which in turn is a derivative of crude oil. Thereby, the prices of these base oils tend to be unhinged and volatile as they are subject to the uncertainty occurring in the prices of crude oil. This instability shakes the profitability of manufacturers and in turn, may inhibit market growth. The petro specialty market is majorly dependent on imports and sudden changes in oil prices hamper the regional import trade, thus hindering the growth of crude distillation unit heat exchanger antifoulants market.

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CDU Heat Exchanger Antifoulants Market by Category

By Type:

  • Dispersants
  • Corrosion Inhibitors
  • Metal Coordinators
  • Polymerization Inhibitors

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • India
  • Japan
  • 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 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Nandini Singh Sawlani  

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