Market Research Blog – Page 1868 – New Product Development

Hydrosulfite Market Forecast: Anticipated to Grow at 3.1% CAGR, Reaching USD 2,090.5 Million by 2034

By 2034, the value of the global hydrosulfite market is projected to rise from USD 1,546.7 million in 2024 to USD 2,090.5 million. Global hydrosulfite demand is expected to rise at a compound annual growth rate (CAGR) of 3.1% over the forecast period.

The sodium hydrosulfite segment is expected to dominate the global hydrosulfite industry through 2034. It will likely hold a volume share of 82.3% by 2024. On the other hand, the potassium hydrosulfite segment is set to thrive at a robust CAGR of 5.6% through 2034.

Hydrosulfite is set to be extensively used across several industries for its versatile properties. In the paper and pulp industry, it serves as a bleaching agent, enhancing the brightness and quality of paper products.

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Textile manufacturers utilize hydrosulfite for fabric bleaching, ensuring vibrant colors and improved aesthetics. In the food and beverage sector, it is used for whitening flour and sugar. The cosmetics and personal care industry also relies on hydrosulfite for hair-bleaching and skin-lightening purposes.

Manufacturers are expected to respond to the increasing demand by raising their production capacities, thereby ensuring a steady supply to meet industry needs. Rising demand for sodium hydrosulfite from the textile industry as a bleaching agent is also expected to compel manufacturers to increase production to meet the growing requirement for colorfast fabrics. This symbiotic relationship between supply and demand drives market expansion and sustains industry growth.

The hydrosulfite market is poised for significant growth in the estimated period, propelled by expanding industrial sectors, particularly in emerging economies. Rising demand for high-quality products, coupled with increasing environmental regulations favoring eco-friendly bleaching agents, is set to augment market expansion. Advancements in hydrosulfite technology, such as the development of more efficient and sustainable manufacturing processes, are further expected to fuel growth in the assessment period.

Key Takeaways from the Report

The global market for hydrosulfite is projected to thrive at 3.1% CAGR through 2034.
By product type, the sodium hydrosulfite segment is expected to have a total valuation of US$ 1,574.1 million by 2034.
By application, the bleaching agent segment is set to hold a market share of 42.6% in 2024.
East Asia is expected to account for a significant share of about 35.1% in 2034.
China’s industry value is anticipated to reach US$ 474.5 million by 2034.
The United States is projected to attain a valuation of US$ 303.1 million by 2034.
Demand in India is predicted to rise at 8% CAGR through 2034.

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“The hydrosulfite market is set to showcase robust growth due to its diverse applications across industries like textiles, paper & pulp, and wastewater treatment. Sodium hydrosulfite dominates in terms of product type owing to its versatility, while the textile industry emerges as a key end-user. The growth is also expected to be driven by expanding applications, technological advancements, and increasing demand for eco-friendly solutions in several sectors.” – says an analyst at Future Market Insights (FMI).

Competitive Landscape

The global hydrosulfite market is consolidated, with leading players accounting for about 55% to 60% share. Alfa Aesar, Thermo Fisher Scientific, BASF SE, Bruggemann Chemical GmbH & Co. KG, Chemtrade Logistics, Inc., Esseco Group, Hansol Chemical, Helm AG, Mitsubishi Gas Chemical Company, Inc., Royce International Corp., TCP Limited, Transpek-Silox Pvt Ltd, and Montgomery Chemicals are the leading manufacturers and suppliers of hydrosulfite listed in the report.

For instance,

In October 2023, Solenis successfully acquired CedarChem LLC, expanding its product line for water and wastewater treatment in the Southeast part of the United States. This move is in line with Solenis’s aim to leverage CedarChem’s reputation and experience to expand its market presence and improve customer service.

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Hydrosulfite Market Segmentation

By Product Type:

Sodium Hydrosulfite
Potassium Hydrosulfite
Others

By Form:

Solid
Liquid

By End Users:

Paper & Pulp Industry
Food & Beverages
Textile Industry
Cosmetics & Personal Care
Others

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~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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Insights into Growth: Global Take-Out Coffee Market Hits USD 60,980.6 Million by 2033

In 2023, the global take-out coffee market reached a value of USD 39,630.0 million, with a projected CAGR of 4.4% from 2023 to 2033.

The future for the take out coffee market is changing as young people’s coffee consumption rises. There are a rising number of millennials who consume coffee. The increase in consumption would benefit practical commodities like coffee to go. The elderly are becoming more accustomed to the taste of coffee and the energy advantages these drinks provide, which is fueling the demand for takeout coffee.

There has been a decline in the use of energy drinks and carbonated soft drinks (CSDs), which has increased the use of takeout coffee. CSD and energy drink use has shifted to take-out coffee as individuals throughout the world become more health aware. Additionally connected to obesity and hypertension is the consumption of CSDs and energy drinks. People are consequently showing a greater interest in getting coffee to go, which is typically healthier.

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White-collar demography, urbanisation, and food service outlets, as well as a growing café culture among today’s youth and more disposable income, are all contributing to an increase in the demand for takeaway coffee globally. Changes in work culture, notably in the business sector, as well as improving living standards are projected to enhance takeaway coffee sales globally.

Companies adjusting their service tactics and developing present brands to boost customer satisfaction and, as a result, foster loyalty are other reasons supporting the worldwide take out coffee market share. In the near future, it is anticipated that demand for organic coffee will increase as more people become aware of the health benefits associated with coffee use. The consumer experience has improved as a result of a number of options, including Barista, CCD, and Starbucks, which have altered the outlook for the take out coffee market.

Rising demand for certified coffee products, consumer adoption of single-serve coffee brew systems, and continued innovation spearheaded by the industry’s leading companies are all driving the take out coffee market forward. Some customers in wealthy economies are expected to switch from instant coffee to more expensive options due to quality and flavour concerns. Instant coffee was once considered a high-end product, but its younger client base has begun to dwindle, prompting market dynamics to shift. The adoption of take out coffee has risen, and the trends seem to be favourable in the long run.

The number of people who consume take out coffee is predicted to rise in the future years in many countries. This is expected to increase the take out coffee market’s growth by broadening the total consumer base.

Competitive Landscape:

The key players operating in the take out coffee market are LotteChilsung Beverage Co Ltd., PepsiCo, Asahi Group Holdings, Ltd., Suntory Beverage & Food, McDonald’s Corporation, Danone S.A., JAB Holding Company, and Dunkin Brands Group, Inc.

Some of the recent developments in this market are:

Illy, a coffee company, based in the United States, debuted Illy Cold Brew RTD coffee in March 2020, which is naturally sweet and has low acidity. This advancement aided the corporation in expanding its product line.

STok Cold Brew, a Danone brand, released Cold Brew Coffee in February 2020. Danone’s Cold Brew RTD Coffee is suitable for customers who want more from their coffee without sacrificing taste or convenience.

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Key Segments

By Distribution Channel:

On-trade
Off-trade

By Product Type:

Whole-Bean
Ground Coffee
Instant Coffee
Coffee Pods
Others

By Region:

North America
Europe
Asia Pacific
Latin America
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
LinkedIn| Twitter| Blogs | YouTube

Projected Growth of Global Specialty Polystyrene Resin (SPR) Market to Reach USD 195 Million by 2034 with 3.70% CAGR

By 2034, the value of the worldwide specialty polystyrene resin market is projected to have increased from USD 135 million in 2024 to USD 195 million. Over the next ten years, the specialty polystyrene resin market is predicted to grow at a steady CAGR of 3.70%, which will fuel this projected growth.

Surging demand for ready-to-cook and packaged food products in the packaging industry is creating the demand for specialty polystyrene resins. Inflating purchasing power and increasing demand for hygienic and packaged food are some common factors that are raising the sales of specialty polystyrene resins.

The versatility and durability of specialty polystyrene resins make them useful in applications like safe packaging and food service. Further, there is a substantial surge in the demand in the healthcare market for specialty polystyrene resin owing to a spike in demand for medical laboratories, medical devices, pharmaceutical products, and packaging of essential medicines owing to population growth.

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“Key players are projected to incorporate customization options in their service plan to meet the evolving demands from multiple end users,” says an analyst of Future Market Insights.

Key Takeaways from the Specialty Polystyrene Resin Market Report

In the historical period, the specialty polystyrene resin market grew at a 4.2% CAGR.
Based on function, the protection segment is anticipated to register a CAGR of 3.5% through 2034.
By application, the protective packaging segment is expected to account for a CAGR of 3.2% over the forecast period.
The United States market is estimated to record a CAGR of 3.9% and reach US$ 34.3 million by 2034.
The China market is assessed to register a CAGR of 4.8% through 2034. By 2034, the market valuation in China is expected to reach US$ 31.4 million.
In Japan, the market size is expected to reach US$ 21.4 million by 2034. The estimated CAGR is expected to be 5.4% CAGR.

Competitive Dashboard

Key players are partnering on research and development projects to develop innovative specialty polystyrene resins with improved functionalities. Additionally, they are partnering with firms in industries like automotive, packaging, or construction to form customized specialty polystyrene resins modified to their specifications.

Market players are further collaborating with waste management companies to develop efficient collection and recycling systems for post-consumer specialty polystyrene resin waste. Thus, promoting sustainability and potentially securing a dependable source of recycled material.

Industry participants are emphasizing the unique properties and advantages of using specialty polystyrene resins, thereby targeting certain customer segments and creating brand awareness. Ongoing research on developing specialty polystyrene resins that break down naturally to potentially minimize environmental impact is expected to enhance the competitiveness of players.

Recently, chemical companies shared their PCR innovations. For instance, TOMRA, INEOS Styrolution, and recycling firm EGN Entsorgungsgesellschaft Niederrhein came into a partnership for a commercial-scale project to recycle post-consumer polystyrene for food packaging applications. Under this initiative, EGN is expected to construct a mechanical recycling facility that has a processing capacity of 40,000 tons of post-consumer polystyrene annually.

Key Players in the Specialty Polystyrene Resin Industry

Sumitomo Chemical
Toray Industries
Mitsubishi Chemical Corporation
Asahi Kasei
Formosa Plastics Coporation
ExxonMobil
China Petrochemical Corporation
BASF
TotalEnergies
Sinopec
LG Chem
Braskem

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Specialty Polystyrene Resin Industry by Category

By Function:

Protection
Insulation
Cushioning
Others

By Application:

Protective Packaging
Building and Construction
Automotive and Transportation
Electrical and Electronics
Healthcare
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)

Contact Us:

Clarified Butter Market Forecasted to Reach USD 6.11 Billion by 2033 with 9.4% CAGR

A 9.4% CAGR is forecast for the clarified butter market, which is predicted to reach a global market value of USD 6.11 billion by 2033 from an estimated USD 2.49 billion in 2023.

The widespread adoption of clarified butter is mostly due to globalisation. The customers of today, known as millennial, have shown a deep interest in food and have experimented with its flavour and nutritional value.

Due to fewer barriers preventing the transportation of local food ingredients across borders, they have a wide range of options. Consumers’ shifting nutritional priorities and shifting taste preferences have opened up new clarified butter market opportunities for dairy producers, who are then compelled to spread different varieties of clarified butter over the world, fuelling the expansion of the clarified butter business.

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High Product Cost is a Crucial Market Setback

It is projected that the market expansion will be hampered by the high cost of clarified butter in comparison to other cooking oils. In the coming years, it is also estimated that the expanding consumer trend towards low-fat and vegan diets may restraint market expansion.

Regional Standpoints

With a market share of more than 45%, Asia Pacific emerged as the leading regional market. Biscuits, cookies, chicken, scallops, paneer, oats, soups, bone marrow, lamb, naan, steak, beef, celery, muffins, brussels sprouts, halwa, rice, dal, biryani, pancakes, fudge, skillets, and paratha are few of the meals that are frequently prepared with clarified butter.

From 2023 to 2033, European market is anticipated to see a significant CAGR of 14.8%. In nations like Germany, the United Kingdom, France, and Italy, where there is a sizable population that values health, clarified butter is expected to become more common as a staple meal. In the coming years, it is anticipated that an increase in migration from South Asian nations including Bangladesh, Pakistan, and India is poised to create new clarified butter market.

Key Takeaways

In the nature category, the conventional segment is anticipated to record 8.8% CAGR and reach US$ 3.15 billion by 2033.
More than 55% of global income came from the traditional sector of nature category.
Over 85% of global revenue was generated through offline distribution channels.
From 2023 to 2033, the CAGR of 12.1% is anticipated for the online retail stores segment of the clarified butter market.
With a share of more than 45% throughout the course of the forecast period, Asia Pacific became the dominant clarified butter market.
The significant CAGR of 14.8% is predicted for Europe between 2023 and 2033.
By 2033, China is anticipated to have a projected market worth US$ 1,799.72 million, recording 14.3% CAGR.
An estimated US$ 513.2 million is spent on the clarified butter market in the United States.
From 2023 to 2033, Japan and Canada market are expected to expand at respective rates of 4.9% and 8.3%.
Germany is anticipated to register a CAGR of 6%.

Competitive Landscape

Leading companies in the global clarified butter market are Organic Valley, Roil Foods Ltd., Verka USA, Grassland Dairy Products, Inc., Netherend Farm Ltd., Amul, Avera Foods (Pty) Ltd., Nordic Creamery, Grassland Dairy Products Inc., Beneficial Blends LLC, and Lurpak.

The main prospects for clarified butter producers globally are new developments in food packaging and expanding markets in emerging nations.

Recent Development

Investment

To expand distribution channel and innovation in product line, 4^th & heart closed a US$ 7.6 million funding steered by Harbinger Ventures, a capital investor. Similar to this, IndoCan Honey Pvt Ltd funded of US$ 1 million to NutriMoo, a firm that also produces dairy products and clarified butter.

Launch

In Andhra Pradesh, India, Heritage Foods Limited opened its first official store in 2018. This tactical move was intended to increase its regional footprint within the nation.

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Given Below are the Clarified Butter Market Segments

By Nature:

Conventional
Organic

By Packaging Type:

Jars
Tubs
Tins

By Distribution Channel:

Online
Offline

By Region:

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

About Future Market Insights (FMI)

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

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Global Processed Meat Market to Hit USD 634.5 Billion by 2033

The processed meat market is predicted to develop at an impressive 6.5% CAGR from 2023 to 2033, exceeding the lower 6.1% CAGR witnessed between 2018 and 2022. This significant rise shows the rise in demand for the processed meat market, increasing the market value from USD 349.5 billion in 2023 to USD 634.5 billion by 2033.

The demand for fresh processed meat has been driven by varying preservation methods and urban consumers’ preference for convenience. Hot dogs’ popularity and fast-paced lifestyles both contribute to the potential for growth in the worldwide processed meat business, which is supported by current fast-food standards.

The rapid growth of fast-food chains in developed areas, together with low-cost meal plans and promotions, has greatly aided in the rise in processed meat consumption. The inclination for quick meal options and the rising incomes of urban populations have helped to increase the demand for processed meat on the global market.

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The demand for ready-to-eat meat fuels the expansion of the processed meat industry, but problems like elevated cholesterol and fat levels, which cause unhealthy lifestyles and rising obesity rates, limit market growth. The industry is further hampered by the difficulty of supplying the rising demand without sacrificing the freshness of the meat.

Key Takeaways

The processed meat industry in India is expected to develop at a 6.4% CAGR by 2033, driven by changing consumer preferences, urbanization, and rising disposable incomes.
The market for processed meat in the United Kingdom is projected to increase at a CAGR of 4.6% by 2033, indicating stable expansion supported by rising convenience food demand and changing dietary preferences.
China’s processed meat industry is expected to expand significantly due to changing lifestyles, a growing middle class, and a need for various dietary options, with an outstanding 10.9% CAGR.
Australia’s processed meat market is expected to develop at a relatively slower rate, 2.4% CAGR by 2033, due to increased health awareness, interest in plant-based alternatives, and higher regulatory standards.
Japan’s processed meat market has moderate growth potential, with a CAGR of 3.5% predicted by 2033, thanks to changing consumer preferences, an aging population, and a move towards higher-end, healthier goods.

“Processed meat market research survey, FMI has conducted a thorough and comprehensive analysis of all the significant factors influencing market growth at both regional and global levels.” opines an analyst at FMI.

Competitive landscape

Leading multinational corporations with a significant presence in the processed meat business include Tyson Foods, Inc., JBS SA, Hormel Foods Corporation, and WH Group Limited (formerly Shuanghui International Holdings). To keep a competitive edge, these businesses make use of their broad distribution networks, well-known brands, and economies of scale. In order to launch new product varieties and enhance production procedures, they also make research and development investments.

The competitive environment has taken on a new dimension as plant-based substitutes and vegetarian/vegan diets have become more popular. In order to appeal to the burgeoning market of environmentally conscious and health-conscious consumers, businesses are now diversifying their product lines to include plant-based alternatives to processed meat.

Key Companies Profiled in the Processed Meat Market are

JBS
NH Foods Ltd
Smithfield Foods, Inc.
Cargill Incorporated
ConAgra Foods Inc.
National Beef Packing Company, LLC
Tyson Foods Inc.
Cherkizovo Group PJSC
OSI Group

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Recent developments

The largest cultured meat company in Spain was fully acquired by JBS SA in May 2022, and the company has also chosen a location for a new biotech R&D facility. In a purchase that was first disclosed in November of last year, JBS now holds a 51% share in BioTech Foods, a Spanish producer of cultured meat. On the northern coast of Spain, close to the French border, San Sebastián will have a production facility for cultivated meat. When it starts operating in the middle of 2024, the US$ 40 million factory should have a 1,000-ton capacity annually.
In place of standard processed meats, a variety of plant-based alternatives have been developed by Beyond Meat that mimic their flavor, texture, and appearance. These goods satisfy the rising demand among consumers looking to cut back on their use of goods derived from animals for healthier and more environmentally friendly solutions.

Key Segments Covered in the Processed Meat Industry Analysis

By Type:

Hamburgers
Fried Sausages
Kebab
Chicken Nuggets

By Packaging:

Chilled
Frozen
Canned

By Meat Type:

Beef
Pork
Chicken
Mutton
Others

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

About Future Market Insights (FMI)

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

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Antimicrobial Glass Powder Market Anticipated to Achieve USD 7,702.0 Million by 2034, Growing at a 10.6% CAGR | FMI Reports

The global antimicrobial glass powder market is poised for significant growth, with its value expected to rise from USD 2,827.6 million in 2024 to USD 7,702.0 million by 2034. Over this period, the market is projected to experience a compound annual growth rate (CAGR) of 10.6%.

Bioactive-based antimicrobial glass powders are increasingly being utilized across multiple industries, particularly in healthcare and various other sectors. The targeted segment within the market is anticipated to grow at a CAGR of 10.9% through 2034, driven by sustained demand and expanding applications.

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Factors contributing to the rapid growth of the antimicrobial glass powder industry include:

1. Expanded adoption of antimicrobial glass powders across diverse industries such as healthcare, packaging, food & beverage, construction, and personal care & cosmetics.

2. Increasing incidence of hospital-acquired infections, driving the demand for effective antimicrobial solutions.

3. Growing preference for sustainable antimicrobial materials to mitigate disease transmission and enhance hygiene practices across industries.

4. Rising emphasis on infection control and hygiene standards in various sectors.

Antimicrobial glass powders are highly valued for their ability to inhibit the growth of bacteria and other microorganisms. Their increasing adoption in healthcare and food packaging industries to enhance hygiene practices is expected to fuel market growth significantly.

Furthermore, nano-sized antimicrobial glass powders are gaining popularity due to their versatility and ability to be incorporated into various materials such as coatings, polymers, and textiles. Their small particle size facilitates easy integration and enhances the antimicrobial properties of the materials they are mixed with.

Overall, the growing awareness of cleanliness standards, coupled with infrastructure development initiatives, is set to drive the expansion of the antimicrobial glass powder market in the coming years.

Key Takeaways from the Report

The antimicrobial glass powder market is projected to thrive at 6% CAGR through 2034.
By type, the bioactive-based segment will likely account for a market share of 0% in 2024.
Based on size, the nano-sized segment is expected to account for a volume share of 9% in 2024.
East Asia is anticipated to hold a global market share of about 9% in 2034.
China’s market is estimated to be valued at US$ 1,512.6 million in 2034.
Demand in the United States will likely rise at 5% CAGR through 2034.

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“The antimicrobial glass powder industry is predicted to expand around 2.7X through 2034 owing to growing demand from healthcare, food packing, and other sectors. This revolutionary material helps to increase product durability and infection control.” – says a lead analyst at Future Market Insights (FMI).

Who is Winning?

The antimicrobial glass powder market is fairly consolidated, with top players accounting for around 75% to 80% of the share. LG Electronics, Panasonic Industry Co. Ltd., Ishizuka Glass Co., Ltd., BioCote Limited, CD Bioparticles, Koshida Corporation, Vedayukt India Private Limited, Hongwu International Group Ltd, HeiQ Materials AG, Addmaster (UK) Limited, Corning Incorporated, SCHOTT AG, and American Elements are leading antimicrobial glass powder manufacturers and suppliers listed in the report.

Key companies are also using advanced manufacturing technologies and novel materials to develop antimicrobial glass powders with enhanced efficacy and durability. They also use strategies like partnerships, collaborations, alliances, facility expansions, acquisitions, and mergers to gain a competitive edge in the market.

Recent Development:

In February 2021, BioCote Limited launched a new venture called BioCote US to meet the rising demand for antimicrobial products in the United States.

Want More Insights?

In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the antimicrobial glass powder market, providing historical data from 2019 to 2023 and forecast statistics for the period 2024 to 2034. To understand the global market potential, growth, and scope, the market is segmented into type, size, application, and region.

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Antimicrobial Glass Powder Market Segmentation

By Type:

Metal Oxide-based
Photocatalytic
Bioactive-based

By Size:

Nano-sized
Micro-sized

By Application:

Paints and Coating
Fiber
Plastics
Personal Care & Cosmetics
Commercial and Household Products
Others

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 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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Lithium Silicon Battery Market Anticipated to Achieve USD 1150.0 Billion by 2034, Growing at a 48.4% CAGR | FMI Reports

The lithium silicon battery market is forecasted to reach USD 22.2 billion by 2024 and is expected to soar to USD 1150.0 billion by 2034. This rapid growth is primarily driven by the increasing adoption of electric vehicles (EVs) and renewable energy solutions worldwide. Leading countries such as the United Kingdom, the United States, China, South Korea, and Japan are pivotal in driving this upward trajectory. Consequently, there is a surge in demand for high-performance lithium silicon batteries, bolstered by government incentives, stringent emissions regulations, and growing environmental awareness.

Manufacturers are making substantial investments in research and development to advance battery technologies, aiming to meet escalating demands. Innovations focused on enhancing energy density, charging speeds, and safety features are expected to transform the market landscape.

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Economies of scale and improvements in manufacturing processes are driving down production costs, making lithium silicon batteries a more cost-effective option compared to traditional lithium-ion batteries. In the lithium silicon battery market, particle-based anode designs have emerged as a dominant trend, offering superior energy density, longer cycle life, and faster charging capabilities. This technology is particularly sought after in EVs and portable electronics applications, where reduced charging times and extended range are critical factors influencing consumer adoption.

Despite significant growth opportunities, the market faces challenges such as scalability issues, regulatory complexities, and environmental concerns. Manufacturers need to navigate these obstacles strategically to capitalize on the expanding lithium silicon battery market.

“The adoption of electric vehicles and renewable energy storage solutions are rising in the market. Lithium silicon batteries are expected to play a crucial role in powering the next generation of EVs and grid-scale energy storage systems. The increasing demand for high-performance batteries presents a lucrative opportunity for manufacturers to capitalize on the growing market demand in the clean energy landscape,” – says FMI analyst.

Key Takeaways from the Market Study

The lithium silicon battery market is expected to experience a CAGR of 48.2%, propelled by the surge in the adoption of particle-based structures and node design.
Electric vehicles spearhead the lithium silicon battery industry, which is expected to rise at a 48.1% CAGR.
The lithium silicon battery market in the United Kingdom is predicted to rise by a remarkable 50.2% CAGR through 2034.
The lithium silicon battery market in Japan is projected to inflate at a CAGR of 49.9% through 2034.
The lithium silicon battery market in China is anticipated to develop at a CAGR of 49.7% through 2034.
The lithium silicon battery market in South Korea has the potential to rise at a 49.4% CAGR through 2034.
The lithium silicon battery market in the United States is estimated to rise at a whopping 49.0% CAGR through 2034.

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Competitive Landscape

Major companies strategize investments in research and development to enhance battery performance and affordability. These companies focus on developing silicon-based anode technologies that can improve energy density and charging capabilities, catering to the increasing demand for electric vehicles and energy storage systems. Key companies are forming partnerships with automotive manufacturers and energy companies to accelerate the adoption of lithium silicon batteries in various applications.

Major players are expanding their manufacturing capacities to meet the mounting market demand and ensure an uninterrupted supply of top-quality batteries worldwide. By undertaking these initiatives, these companies are positioning themselves as trailblazers in the lithium silicon battery market.

Recent Developments

Enovix Corporation established Enovix Research and Development Services India in 2023 to aid in next-gen battery manufacturing and design.
Sila and Mercedes-Benz partnered in 2022 to instill confidence in lithium-silicon batteries for automotive demands.
Porsche, Mercedes, and GM invested in silicon-anode batteries in 2023 as they promise higher energy density and faster charging

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Key Companies in the Market

Elkem
Advano
E-Magy
Enovix Corporation
NanoGraf Corporation (United States)
Sila Nanotechnologies, Inc. (United States)
Group14 Technologies, Inc. (United States)
Huawei Consumer Business Group
Sony, Targray
XNRGI
Enevate Corporation
Global Graphene Group
EoCell, Inc.
NEXEON LTD.
Albemarle Corporation
Paraclete Energy
3M
VARTA Microbattery

Key Market Segmentation

By Anode Design:

Particle-Based Structures
Porus Si
Nanowires, Nanofibers, and Nanotubes
Si-Based Composites
Others

By Application:

Electric Vehicles
Power Storage
Electric Machinery
Electronic Devices
Satellites
Others

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 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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MS Polymers Market Anticipated to Achieve USD 11.2 Billion by 2034, Growing at a 6.1% CAGR | FMI Reports

The MS polymer market is set to achieve a valuation of USD 6.2 billion by 2024 and is projected to grow to USD 11.2 billion by 2034, with an anticipated compound annual growth rate (CAGR) of 6.1%.

Several factors are driving the MS polymer market’s growth, including increasing demand for environmentally friendly alternatives, stringent regulations on volatile organic compound (VOC) emissions, and the versatile applications of MS polymers across diverse industries. As industries prioritize sustainability to reduce environmental impact, MS polymers are gaining favor due to their lower VOC emissions and eco-friendly characteristics.

Continuous technological advancements in MS polymer development, aimed at enhancing performance and durability, are further propelling market expansion. Industries such as construction, automotive, and electronics extensively utilize MS polymers in applications ranging from adhesives to coatings, thereby boosting demand and market penetration.

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However, the market faces challenges such as competition from alternative materials and volatility in raw material prices. While MS polymers offer significant advantages, they compete with other advanced materials that may offer comparable or superior properties. Fluctuations in raw material prices can impact the cost structure of MS polymer products, posing challenges in pricing and profitability for market players.

Despite these challenges, the MS polymer market presents substantial growth opportunities. One key opportunity lies in the development of innovative MS polymer formulations tailored to specific industry requirements. By focusing on research and development initiatives, companies can create advanced MS polymer solutions with enhanced properties and performance characteristics, meeting evolving consumer demands effectively.

Expanding geographically and forming strategic partnerships enable market players to access new markets and strengthen their global presence. Moreover, the increasing adoption of MS polymers in emerging economies offers lucrative growth prospects, as these regions experience rapid urbanization and industrialization, driving demand for advanced polymer solutions.

Key Takeaways from the Market Study

Under product type, the hybrid PS polymers registered to expand at 6% CAGR by 2034.
The United States is estimated to register at a CAGR of 6% by 2034.
China experiences significant growth, projected at a CAGR of 7.1% by 2034.
Based on end user, the construction sealants segment is anticipated to expand at 5.6% CAGR by 2034.

“The industries seeking to align with sustainability goals prioritize MS polymers for their eco-friendly attributes without compromising on performance, driving the market growth trajectory,” – says FMI analyst.

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Competitive Landscape

Emerging players are also entering the market, focusing on niche product offerings. Key strategies among competitors include product innovation, strategic partnerships, and expansion into new geographic regions to capture market share in various industries like construction, automotive, and electronics. Some of the key developments are:

Wacker Chemie AG made notable advancements in the MS polymer market by introducing innovative formulations tailored to diverse applications such as adhesives, sealants, and coatings. Their focus on enhancing product performance and addressing specific industry needs further solidified their position as a key player in the market.
Tremco demonstrated significant progress in the MS polymer market by expanding its product portfolio to offer specialized solutions for construction and building applications.

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Key Companies Profiled

BASF SE
Henkel AG & Co. KGaA
Bostik (Arkema Group)
Wacker Chemie AG
Tremco
3M Company
H.B. Fuller Company

More Valuable Insights Available

Future Market Insights offers an unbiased global MS polymer market analysis, providing historical data from 2019 to 2023 and forecast statistics from 2024 to 2034.

To understand market opportunities, the MS polymer market is segmented based on Product Type (Hybrid MS Polymers, Pure MS Polymers), End User (Construction Sealants, Automotive Adhesives, Marine Sealants, Woodworking Adhesives, Industrial Sealants, Others), and Region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, 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 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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Understanding the Growth of the Global Lactose-Free Butter Market to USD 603 Million by 2033

The market analysis report by FMI projects that the lactose-free butter market is projected to thrive at a strong CAGR of 7% over the study period. By the end of the year 2033, the overall market is anticipated by FMI to reach a value of about USD 603 million.

The growing percentage of the lactose intolerant population presents a chance for product development in areas with strong demand for butter. Additionally, the product offers a range of diversification options to meet the demands in areas where supply is still limited.

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Key Takeaways from this Market Study Report:

The worldwide consumption of lactose-free butter worldwide could create an absolute growth opportunity of US$ 392 million over the next ten years.
Almost one-third of the population in the United States, suffer from lactose intolerance and here butter is considered an ingredient of cultural importance. So the consumption of lactose-free butter in the United States was higher in comparison to any other country. As per the FMI market survey report of 2022, the country captured a global market share of nearly 17.9%.
European countries are also known to have had a strong consumer base for both traditional and lactose-free butter for a very long time. Germany is the leading supplier of lactose-free butter in Europe and held a 5.3% global market share in 2022.
The demand for lactose-free butter in the United Kingdom is poised to exhibit a growth rate of 7.9% between 2023 and 2033.
Japan is a prominent market for lactose-free butter in the Asia Pacific region that held a global revenue share of 4.8% in 2022.
Owing to having an extensive food & beverages export industry, China is anticipated to grow at an annual growth rate of 5.2% through 2033.
India is a notably growing market for the production and supply of all types of dairy products in recent years. FMI predicts the sales of lactose-free butter to grow at an astounding 12.4% during the years 2023 to 2033.

Competitive Landscape for this Market:

Leading lactose-free butter market participants such as Kraft Heinz, Hain Celestial Group, Cargill, Corbion., Kerry Group, Ingredion, Dupont, Kellogg, and others. To build a sizable client base, leading lactose-free butter providers are concentrating on the regional expansion of their manufacturing facilities.

In order to appeal to environment-conscious consumers, several market players are now choosing practical and ecological packaging alternatives with extensive labeling. To increase their profitability, key market participants are likewise concentrating on e-commerce presence and are improving their social media marketing strategies.

Recent Developments:

A new lactose-free butter was brought on the market in June 2022 by Cavin, which is a brand of the well-known FMCG firm, CavinKare, with headquarters in Chennai, India. This new product line of lactose-free butter is now offered in two varieties including frying butter as well as table butter.

An organic carbon zero-certified lactose-free butter was introduced by the New Zealand Dairy Cooperative and Anchor Fonterra in April 2022. It was independently certified by ToitEnvirocare to minimize and offset carbon emissions in light of the growing concerns to reduce carbon footprint.

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Market Categorization:

By Product Type:

Spreadable Butter
Non-spreadable Butter

By Nature:

Organic Butter
Conventional Butter

By Source:

Cream
Milk
Skimmed
Whole

By End-use Verticals:

Hotel, Restaurant, & Café (HoReCa) or Foodservice Sector
Household or Retail Sector
Food Industry
Bakery and Confectionery Industry
Meat Products Industry
Infant Formula Industry
Dessert Making

By Distribution Channel:

Direct Sales Channels
Indirect Sales Channels
- Hypermarkets or Supermarkets
- Convenience Stores
- Specialty Stores
- Independent Retailers
- Online Retailers

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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UV Curable Resin and Formulated Products Market Anticipated to Expand to USD 17 Billion by 2034, with a CAGR OF 10.5% | FMI Reports

The global market for UV curable resin and formulated products reached USD 5.5 billion in 2023 and is poised to grow to USD 17 billion by 2034, with a compound annual growth rate (CAGR) of 10.5% from 2024 to 2034. By 2024, the market is expected to achieve USD 6.2 billion.

An innovative driver of market expansion is the emergence of bio-based UV curable resins derived from renewable sources such as plant oils or biomass. This development not only meets regulatory standards and customer demands but also addresses the rising preference for sustainable and eco-friendly products.

In order to boost efficiency and reduce operational costs, companies are actively optimizing their manufacturing processes. The adoption of advanced technologies like 3D printing and UV LED curing is creating new opportunities for product innovation and market expansion. In the dynamic UV curable resin and formulated products sector, prioritizing sustainability and offering robust technical support are critical strategies for enhancing competitiveness and ensuring long-term success.

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Key Takeaways from the Market Analysis

The global UV curable resin and formulated products market size reached US$ 3.3 billion in 2019.
From 2019 to 2023, the UV curable resin and formulated products market experienced a CAGR of 14%.
Over the course of the projection period, the UV curable resin and formulated products sector in the United States is expected to develop at a CAGR of 10.8%.
Oligomers are the most popular UV curable resin and formulated product compositions, and they are expected to expand at a CAGR of 10.3% through 2034.
With an anticipated 10.1% CAGR through 2034, the UV curable resin and formulated products are predicted to be increasingly utilized for coatings on paper and wood.

“Significant factors propelling the UV curable resin and formulated products market include increasing regulatory pressure and growing environmental concerns. Companies develop ecofriendly formulas with reduced volatile organic compounds (VOCs) to satisfy sustainability standards and lessen their influence on the environment”– says an FMI analyst.

Competitive Landscape

Companies within the UV curable resin and formulated products market are innovating by developing new chemistries and formulations to improve curing speed, adhesion, and flexibility.

They are also working to produce environmentally friendly alternatives by lowering volatile organic compound (VOC) emissions and using renewable resources. Advances in UV LED technology and 3D printing applications are driving innovation, allowing businesses to provide modern solutions for a variety of sectors.

Startups within the UV curable resin and formulated products market are disrupting the market with agile techniques, creating specialist formulations for specific uses such as electronics, healthcare, and environmentally friendly packaging. They use modern innovations like nanotechnology and bio based materials to distinguish themselves and conquer niche market niches.

Top Key Players

IGM Resins
Alberdingk Boley GmbH
Showa Denko Materials Co
Miwok Specialty Chemical Co. Ltd
BASF SE
Wanhua Chemical Group
Covestro AG
Allnex Netherlands B.V
Alberdingk Boley GmbH
Others

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Product Offerings

IGM Resins has a comprehensive product range that includes photoinitiators, monomers, oligomers, and additives for UV and EB (electron beam) curing applications. Their services are tailored to a variety of sectors, including coatings, inks, adhesives, and 3D printing, providing superior performance and adaptability.
Alberdingk Boley GmbH provides a diverse selection of high quality water based polyurethane dispersions, acrylic dispersions, and alkyd emulsions for a variety of coating applications. Their product line includes coatings for wood, paper, textiles, plastics, and other applications, serving sectors such as furniture, flooring, automotive, and packaging.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the UV curable resin and formulated products market, providing historical data for 2019 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the UV curable resin and formulated products market, the market is segmented on the basis of composition (oligomers, monomers, photoinitiators, additives), application (wood & paper coatings, plastic coatings, metal coatings, printing inks, adhesives, 3D printing), and region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and the Middle East & Africa).

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 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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