Cold Insulation Market Projected to Reach USD 14,894.8 Million by 2032, Growing at a 8.1% CAGR

Cold Insulation Market
Cold Insulation Market

The cold insulation market is expected to grow by 8.1% a year to reach USD 14,894.8 million by 2032, from a value of USD 6,835.6 million in 2022. Demand growth in the oil and gas industry is responsible for the spike.

A technology implemented in industrial operations that are aimed at mitigating the loss of energy across various infrastructures and improving their energy efficiency is referred to as cold insulation. With the increasing growth of industrialization, especially in the HVAC sector as well as the refrigeration sector, the demand for various types of cold insulation materials is increasing.

Leading players in the cold insulation market are aiming to introduce versatile materials including polystyrene foam, fiberglass, phenolic foam, and polyurethane foam, in order to meet the specific needs of a wide range of end users and gain an edge in the global landscape.

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Oil & Gas Industry to Trigger Environment-friendly Cold Insulation Materials

The global oil & gas industry is among the biggest consumers of cold insulation materials, mainly due to the burgeoning use of cryogenic insulation equipment in a majority of industrial applications.

Oil & gas end users are bolstering the use of efficient cold insulation materials in cryogenic operations in which very low temperatures need to be maintained while mitigating the loss of energy. This is one of the most prominent factors that are likely to influence the growth dynamics of the global cold insulation market

On the other hand, the awareness about the harmful environmental impact of oil & gas industrial activities as well as cold insulation materials are encouraging oil & gas industry players to switch environment-friendly alternatives to traditional cold insulation materials.

The growing use of various cryogenic gases including Liquefied Petroleum Gas (LPG) and Liquefied Natural Gas (LNG), is further triggering the demand for cold insulation materials with low carbon footprint, and this will further improve the sales potential in the global market.

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Cold Insulation Market: Region-wise Analysis

Geographically, the global cold insulation market is divided into seven regions – North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa.

A mounting number of stakeholders in the global market for cold insulation are witnessing lucrative opportunities in North America, as the region is a leading consumer of advanced materials that are commonly used to improve the efficiency of operations and enable end users to gain better control over all those processes.

The region is also exhibiting a high level of demand for innovative materials that can minimize the impact of various industrial activities on the environment, and this is among the primary factors that will continue to create new opportunities for stakeholders in the North America cold insulation market.

Apart from North America, developing countries in the Asia Pacific region, especially China, are accounting for a substantial share in the global consumption of cold insulation, owing to the rise of industrialization. Constantly bolstering investments in the manufacturing and construction industries in the region is continually contributing to the increasing demand in the region.

In the Middle East & Africa, developing countries such as Nigeria, Kenya, and South Africa are expected to witness the implementation of strict energy efficiency regulations, and this is expected to push the growth of the cold insulation market in the region. In addition, increasing the development of infrastructure will further drive the growth of the cold insulation market in the region.

Market Competition

Some of the key participants present in the global cold insulation market include:

The Dow Chemical Company, Huntsman Corporation, Armacell International Holding GMBH, Evonik Industries, Bayer Material Science, Pittsburgh Corning Corporation, Knauf Insulation, Aspen Aerogels Inc., Arabian FiberGlass Insulation Company Ltd., BASF SE, Fletcher Insulation Group, Kingspan Group PLC, Bradford Insulation Industries Ltd., Itw Insulation Systems among others.

Attributed to the presence of such a high number of participants, the market is highly competitive. While global players such as The Dow Chemical Company, Huntsman Corporation, Armacell International Holding GMBH, and Evonik Industries account for a considerable market size, several regional-level players are also operating across key growth regions, particularly in the Asia Pacific.

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Cold Insulation Market: Segment Analysis

The cold insulation market can be segmented on the basis of the following:

By Type

  • Polystyrene Foam
  • Fiberglass
  • Phenolic Foam
  • Polyurethane Foam
  • Others

By Application

  • Oil & Gas
  • HVAC
  • Refrigeration
  • Chemicals
  • Others

By Region:

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

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

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Global Cocoa-Based Polyphenols Market to Reach USD 153.2 Million by 2032, Growing at 5.8% CAGR

Cocoa-Based Polyphenols Market Share
Cocoa-Based Polyphenols Market Share

Over the projected years of 2022 to 2032, the global market for cocoa-based polyphenols is expected to grow at an impressive rate of 5.8%. By the end of 2032, the market for cocoa-based polyphenols is expected to be valued at approximately USD 153.2 million, up from its current valuation of USD 87.1 million in 2022.

Consuming polyphenols improves health and is also very successful at controlling weight resulting in its rising demand across several age groups. Recent developments in the cocoa based industry have shown the benefits of cocoa in nutritious goods owing to its large polyphenol content.

These beverages often characterized of having great immune-boosting properties. Adoption of ingredients like cocoa-based polyphenols in order to attract consumers have set the present market very lucrative for its growth.

Emerging organic trends in the market is witnessed to have fuelled the plant based polyphenols market. Cocoa based polyphenols market players have also surged the demand by emphasising on marketing the cocoa-based polyphenols product across global markets.

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Consumers’ acute worry for their general health and wellness as a result of the COVID-19 pandemic has led them to seek out healthier alternatives in food and drinks in an effort to strengthen their immune systems. Due to this reason, years following the outbreak of pandemic have witnessed a major boost in the cocoa based polyphenols market adoption trends along with other healthier alternatives.

Cocoa-based polyphenols market players are required to obtain approvals for their products in order to ensure that they are in compliance with environmental and health regulations that poses as a major hindrance for them.

Key Takeaways from the Market Study

  • The overall growth of the global based polyphenols market is estimated to be around US$ 66.1 Billion over the forecast decade covering the years 2022 to 2032, by following the average CAGR of 5.8%.
  • The functional beverages segment is the most lucrative category for the coca based polyphenols market trends that occupies almost 32.7% of the revenue generated.
  • On the other hand the segment of the cocoa based polyphenols market for dietary supplements is exerting a rapid hike in growth owing to its growing popularity and wider supply of packaging products.
  • Asia Pacific is the emerging region for the coca based polyphenols market that contributes for more than 35% of the market share in the present market.
  • There is a rising trend of nutritional supplements in the North America region that is anticipated to drive the sales of cocoa based polyphenols in the US and Canada.

Competitive Landscape

ADM, Barry Callebaut, Kemin Industries, Mars, Incorporated, Naturex S.A, Nutra Ingredients Limited, Polyphenols AS, Ajinomoto Natural Specialities, Sabinsa, BERKEM, and Diana Food are just a few of the major participants in the sector.

These companies are among the cocoa based polyphenols market key players that meet the rising demand from a variety of end-use sectors, including the food and beverage, healthcare, personal care, and pharmaceutical industries.

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Cocoa Based Polyphenols Market by Segmentation

By Application:

  • Functional Foods
  • Functional Beverages
  • Dietary Supplements
  • Others

By Region:

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

About Future Market Insights (FMI)

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

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Aramid Fiber Market Projected to Reach USD 6.8 Billion by 2033, Growing at a CAGR of 5.5%

Aramid Fiber Market Size
Aramid Fiber Market Size

 

The aramid fiber market, currently valued at USD 4 billion in 2023, is projected to expand significantly, reaching an estimated worth of USD 6.8 billion by 2033. This growth is driven by a compound annual growth rate (CAGR) of 5.5% over the next decade. This increase reflects the rising demand for high-performance, durable, and lightweight materials across various industries, including aerospace, automotive, and defense, which are increasingly utilizing aramid fibers for their exceptional strength and resistance to heat.

Growing remodeling efforts, as well as stringent rules governing workplace security and health in a variety of industries, are expected to boost the United States aramid fiber market opportunities. Such measures are also projected to contribute to the expansion of global aramid fiber adoption trends in Latin American countries.

Aramid fibers are important in sustainable energy usage, especially wind turbine blades. The requirement for durable and lightweight materials grows in tandem with the growth of the renewable energy sector.

The automobile and aerospace sectors in the United States are still looking for lightweight materials to increase fuel efficiency while lowering pollution. Aramid fibers are employed in a variety of components, which contributes to market growth.

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Aramid fibers are also employed in the construction industry for purposes such as strengthening concrete. Infrastructure projects in the United States may increase demand for these materials.

In areas such as aircraft and automotive, the United States maintains high regulatory expectations for safety and quality. Compliance with these criteria is expected to remain a top priority for aramid fiber makers.

There are over 2,300 businesses in the German aerospace industry, most of which are concentrated in northern Germany. As a result, during the predicted period, aramid fiber consumption is expected to rise along with the growth in aircraft production. It is predicted that the market in this country is assumed to expand over the coming years due to the increasing demand from various end-user sectors.

Key Takeaways

  • The United States is predicted to reach US$ 900 million by 2033.
  • Germany’s aramid fiber market size is expected to reach US$ 780 million by the end of this forecast period.
  • China’s aramid fiber market is anticipated to be worth US$ 850 million.
  • China’s market is expected to exhibit a 5.2% CAGR until 2033.
  • The aramid fiber market in Japan is expected to develop significantly, reaching US$ 610 million by 2033.
  • The market for aramid fiber in South Korea is projected to develop at a CAGR of 4.1% from 2023 to 2033.
  • A market valuation of US$ 530 million is anticipated in South Korea at the conclusion of the forecasted period.
  • Based on application, the security and protection category is expected to lead sales and experience a CAGR of 4.8% through 2033.

“The increasing demand for aramid fiber from a wide range of industries, including the petroleum industry, healthcare services, manufacturing, and others, is predicted to fuel the target market’s growth from 2023 to 2033,” says an FMI analyst.

Competitive Landscape

The top companies in the global aramid fiber market are using tactics such as collaboration contracts, technological collaboration, and resource mobilization to strengthen their positions in this industry. Many global aramid fiber firms are likewise aiming to launch products that are both affordable and of high quality to increase market penetration.

  • In June 2022, Teijin Aramid B.V. launched the Woven Matrix concept to allow the creation of different ballistic protection choices. The woven matrix is made from Twaron, the organization’s efficient para-aramid.
  • Taekwang Industry announced a US$ 112 million budget proposal in May 2022 to enhance aromatic polyamide (aramid) production from 1,500 tons per year to 5,000 tons by 2025.

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Top Key Players in the Global Aramid Fiber Market 

  • Teijin Ltd.
  • Yantai Tayho Advanced Materials Co
  • E. I. du Pont de Nemours and Company (DowDuPont)
  • Hyosung & Hyosung Corp.
  • Toray Chemicals South Korea, Inc.
  • Kermel S.A.
  • Kolon Industries, Inc.
  • Huvis Corp.
  • China National Bluestar (Group) Co., Ltd.
  • SRO Aramid (Jiangzu) Co., Ltd.

Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global aramid fiber market presenting a historical analysis from 2018 to 2022 and forecast statistics between 2023 and 2033.

The study reveals essential insights by Product Type (Para-Aramid, Meta-Aramid), Application (Security & Protection, Frictional Materials, Rubber Reinforcement, Optical Fibers, Tire Reinforcement, Electrical Insulation, Aerospace, Others), and Region.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~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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Steady Growth Predicted for Calcium Bromide Market: Projected 5.2% CAGR Through 2032

Calcium Bromide Market
Calcium Bromide Market

The global calcium bromide market is poised for significant growth, with anticipated demand reaching USD 5.3 Billion in 2022 and projected to expand at a robust CAGR of 5.2% over the forecast period from 2022 to 2032, ultimately reaching a valuation of USD 8.8 Billion. This surge in demand can be attributed to various industries leveraging calcium bromide for diverse applications, indicating a promising trajectory for the market in the coming decade. Factors such as increased industrial activities and expanding applications across different sectors are expected to fuel the market’s steady ascent, presenting lucrative opportunities for stakeholders in the calcium bromide industry.

In the power sector, calcium bromide is also used as an oxidant to reduce mercury emissions. Additionally, calcium bromide is used in the treatment of neuroses, hydraulic fluids for automotive suspension, brominated flame retardants, dry plates and light-sensitive sheets for photography, as well as mercury emission controls.

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Calcium bromide (molecular formula: CaBr2), having a density of 14.2 lbs/gal, is regarded as clear brine fluid. Calcium Bromide is utilized with calcium chloride in oil & gas completion & drilling operations to make the drill cuttings brine free. Calcium bromide is a white powder, odourless in nature, and is formed from calcium salt of hydrobromic acid, which a volatile acid used to formulate other industrial compounds.

Calcium Bromide: Market Dynamics

Calcium bromide market demand is heavily influenced by its application in the oil & gas industry. Stabilizing crude oil prices have resulted in an influx of investments in the oil & gas industry, driving drilling and production activities along with work-over operations. Clear brine fluids such as calcium bromide are used to minimize the damage to oil & gas reservoirs and to control formation pressure.

This has been creating noteworthy demand for calcium bromide market. Moreover, calcium bromide also find usage for restraining mercury emission at coal fired power plants. Elemental mercury which is released when the coal is burnt is difficult to capture at combustion temperatures. Hence, bromine based compounds such as calcium bromide are used to oxidize the elemental mercury into flue gas, which can be captured by current abetment equipment.

Formulation of strict government regulations encouraging the usage of halogenated flame retardants in EU countries, the U.S. and Canada, is expected to decrease the consumption of calcium bromide in flame retardants in these regions. However, Asian markets such as India and China, still witness high usage of brominated flame retardants owing to lenient regulations, which is anticipated to drive the demand of calcium bromide in these countries.

Calcium bromide is gaining significance in the oil & gas drilling industry as a better alternative to conventional drilling fluids. Increasing exploration & production ofdeep sea reserves, growing instances of horizontal drilling due to complexities in reservoirs, constant efforts from various developing nations to obtain energy security, are some of the factors contributing towards the growth of oil & gas industry, which in turn is driving the demand of calcium bromide. Booming shale gas production in the U.S. and coal bed methane gas production in China, India and Australia are anticipated to significantly ramp up oil & gas drilling activities in the coming years. Hence, the market vendors in the calcium bromide market are expected to achieve significant revenue base by targeting oil & gas producers involved in the development of these unconventional reservoirs.

Calcium Bromide: Market Key Players  

Some of the major participants operating in the global calcium bromide market include the following players:

  • Tetra Technologies Inc
  • Albemarle Corporation
  • Lanxess AG
  • ICL- Industrial
  • Jordan Bromine Company
  • IRO GROUP INC.
  • Weifang Taihexing Chemical Industry
  • Neogen Chemicals Limited
  • Shouguang HongHai Chemical Co. Ltd.
  • Weifang Rixing Chemical Co., Ltd.
  • Shandong Dongxin New Materials Technology Co., Ltd.

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Calcium Bromide Market: Segmentation

Type:

  • 7774-34-7 hexahydrate
  • 7789-41-5 anhydrous
  • 22208-73-7 dihydrate

Products:

  • Technically specified rubber (TSR)
  • Ribbed smoked sheet (RSS)
  • Latex
  • Others

End Use:

  • Oil & Gas
  • Automotive
  • Power Generation
  • Others

Application:

  • Clear brine fluid
  • Oxidizer

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Middle East & Africa
  • 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 ~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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Automotive Lighting Accessories Market on Track for USD 17.1 Billion by 2033

MRB-Automotive Lighting Accessories Market
MRB-Automotive Lighting Accessories Market

In 2023, the Automotive Lighting Accessories Market is estimated to be reach around USD 9.1 Billion. Demand is anticipated to witness a growth outlook of 6.5% over the coming assessment period of 2023 and 2033. Demand for automotive lighting accessories is estimated to be impacted by certain demographic and macro-economic factors including rise in per capita disposable income, urbanization, increase in vehicles sales, and others.

Significant growth in the sales of electric vehicles across the globe is bolstering the demand. Significant penetration of automotive lighting accessories has been witnessed in electric vehicles as compare to conventional automotive. Key players in the market are also focusing their branding and sales strategy in the electric vehicle sector.

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Innovation in lighting coupled with reducing price of the products are attracting predominant number of consumers to integrate lighting accessories with their vehicles. Further, focus of the end users in aesthetics and design for visually appealing are bolstering the growth trajectory of the market.

With significant volume sales of vehicle in United States and China, sales of lighting accessories in the automotive sector to remain predominant in these two countries accounting for more than one third of the global market share. Significant growth in sales of vehicle in India along with significant economic performance in the country is fostering demand generation, with estimates of higher growth projections to be witnessed in the country. This is expected to lead to key investment attraction in the country in the coming decade.

Market is further expected to gain momentum in the coming years recovering from economic growth slowdown. Integration of smart technologies, sensors, connectivity features, etc. are creating market opportunities for lighting accessories.

With significant driving factors in the market, certain challenges are reducing a higher growth prospects including compliance with regulations, design complexity, supply chain management and others. These factors are estimated to impact the market growth by around 90 bps over the forecast period.

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Key Takeaways from the Automotive Lighting Accessories Market:

  • United States is estimated to account for around 14% of the global market share.
  • Automotive lighting accessories demand in the United Kingdom is estimated to expand at a CAGR of around 4.4% through 2033.
  • China is estimated to remain one of the global leader accounting for predominant market position. Sales is estimated to reach around USD 10.7 billion by the end of the forecast period.
  • Demand outlook in japan is estimated to create a significant absolute dollar opportunity in the market witnessing a growth rate of 6.5% throughout the projected period.
  • India is estimated to witness a significant growth over the assessment period. Indian market to witness an increase in 140 bps in the market share by the end of the forecast period in South Asia Pacific region.
  • Germany, Italy, France and some of European countries to witness a slowdown in 2023 and 2024.
  • Significant electric vehicle sales to identified as the key driving factor for the growth projection of 6.5%.

Segmentation Analysis of the Automotive Lighting Accessories Market

By Accessories Type:

  • HID/Xenon Bulbs
  • Accent Lighting Kits
  • Fog Light Kits
  • Turn Signal Lights
  • Brake Lights
  • License Plate Lights
  • Daytime Running Lights (DRL)
  • Auxiliary/Off-road Lighting
  • Dome/Map/Footwell Lights
  • Underbody/Wheel Well/Grille Lighting Kits

By Accessories Type:

  • LED Bulbs,
  • Exterior lighting,
  • Interior lighting,
  • performance lighting,
  • Safety lighting,
  • Decorative lighting Accessories

By Vehicle Type:

  • Passenger Car,
  • Light Commercial Vehicles,
  • Heavy Commercial Vehicles

By Sales Channel:

  • OEM
  • Aftermarket

By Region:

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

How Does the Competition Look in the Automotive Lighting Accessories Market?

Automotive lighting accessories industry has been estimated to be fairly consolidated in nature with key market participants accounting for a fair share of the global business. Certain key participants identified in this industry are Hubbell Incorporated, Zumtobel Group, Eaton Corporation, Lutron Electronics, Panasonic Corporation, Thorn Lighting, Samsung Electronics, LG Electronics, Fagerhult Group, Dialight and Cooper Industries, among other companies.

Key players in the industry of automotive lighting accessories are highly investing in product innovation adding of innovative features, launching of new product series, incorporating new technologies to enhance attractiveness.

Market players are also focusing on to enhance their global reach by strengthening their supply chain network, managing supply chain complexities, collaborating with distributors and retailers in the global market. Further key players are increasing their geographic reach by setting up of new plants, distribution channel in the untapped market to boost their sales.

Prominent players are focusing on mergers and acquisitions strategy for their growth. Prominent players are further enhancing customer experience in aftersales services to enhance their client acquisitions and to maintain their revenue flow. Further market participants are focusing on sustainability and energy efficiency on their product to meet de-carbonizations target and their ESG goals to sustain in the longer run.

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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Future of Silver Nitrate: Market Forecast to Grow at 5.2% CAGR, Reaching USD 8.8 Billion by 2032

Silver Nitrate Market
Silver Nitrate Market

During the forecast period, the global silver nitrate market is anticipated to generate profitable growth opportunities, with a compound annual growth rate (CAGR) of 5.2% from 2022 to 2032. The value of the global market increased from USD 5.3 billion in 2022 to USD 8.8 billion in 2032. Growing demand for silicone elastomers, particularly in the construction and automotive industries, is credited with the market’s expansion.

Silver nitrate is known as an inorganic chemical compound created by combining silver with nitric acid. It is commonly found as a colorless translucent rhombic tabular crystal. Furthermore, silver nitrate appears to be a non-hygroscopic white crystalline solid. It is water and ammonia soluble.

Within the medical and pharmaceutical sectors, silica nitrate is frequently utilized as a cauterizing, sclerosing, and anti-microbial agent. In analytical chemistry, it is used to precipitate chlorine, bromine, and iodine-cyanide. In the electroplating business, silica nitrate is used as a silver plating material. It is also used in the production of various coloring agents like dyes and inks. In the ceramic, electronics, and explosive sectors, a small quantity of silica nitrate is employed.

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Report Highlights

The prolific properties of silver nitrate are anticipated to have an effect on the growth of the global silver nitrate market over the assessment period. Because the chemical is very hygroscopic and soluble in water, it is an excellent oxidizing agent.

Silver nitrate is used as a starting material in the manufacture of silver oxides, silver halides, and a variety of other derivatives. Attributing to its exceptional qualities, silver nitrate is increasingly being used in a variety of industrial and commercial applications. This feature is expected to promote the growth of the global silver nitrate market during the course of the study.

Recent Developments

The augmenting demand for silver nitrate in jewelry and photographic applications is predicted to bode well for the industry in the next decade. Silver nitrate includes antifungal and antiseptic characteristics, which make it useful in the pharmaceutical and medical sectors.

Attributing its phenomenal properties, silver nitrate is excessively utilized as an organic coloring agent, an analytical reagent, and a catalyst. As a result, the compound’s features are projected to fuel its demand in a variety of industrial and commercial applications. This, in turn, is expected to fuel expansion in the worldwide silver nitrate market throughout the assessment period.

Owing to the emergence of rigorous laws on silver nitrate grades in medical and food applications across numerous areas is anticipated to hamper the regional demand for silver nitrate.

Competitive Landscape

The top six competitors in the worldwide silver nitrate market control more than 60% of the market. Among the prominent participants in the silver nitrate market consists of, Ames Goldsmith Corporation, S D FINE CHEM LIMITED, Spectrum Chemical Manufacturing Corp., Sigma-Aldrich Co. LLC, Rochester Silver Works LLC, Tongling Nonferrous Metals Group Holdings Co. Ltd., Chengzhou Jingui Silver Industry Co. Ltd., K. Chemical Industries Pvt. Ltd., EMD Milipore Corporation, Mahi Enterprise, Columbus Chemical Industries (CCI) among others.

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Key Segments Profiled in the Silver Nitrate Industry Survey

Grade:

  • Analytical Reagent Grade (ARG)
  • Active Pharmaceutical Ingredient (API) Grade
  • Photographic Grade

Application:

  • Photography & Jewellery
  • Medicine & Healthcare
  • Glass Coating
  • Others (Laboratory, Ceramics, etc.)

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • 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 ~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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Projected Growth: Pre-insulated Pipe Market Expected to Hit USD 10.6 Billion by 2033, with a CAGR of 5.7%

Pre-Insulated Pipe Market
Pre-Insulated Pipe Market

The pre-insulated pipe market is predicted to grow at a CAGR of 5.7% over the forecast period, according to FMI’s analysis. The industry’s value is anticipated to increase from USD 6.1 Billion in 2023 to USD 10.6 Billion by 2033 end.

The market for pre-insulated pipes is propelling forward as governments across the globe are encouraging the use of energy-efficient products. The government is employing measures like initiating incentives and tax rebates for the adoption of such products. Additionally, the surge in the development of the district heating and cooling industry is fueling the uptake of pre-insulated pipes.

The sales of pre-insulated pipe are positively impacted by the new product releases in the market. Recently, the twin type pre-insulated pipes have been steadily capturing market share as end users are shifting towards obtaining them. Manufacturers are launching new pre-insulated pipes that minimize the wage cost and are easy to install.

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The demand for pre-insulated pipes is increasing in the chemical oil, food, and petrochemical industries. These are mainly used to transfer hydrocarbons, hot water, steam, chemicals, and other such substances. Installation of pre-insulated pipes in end use industries help smoothen the production process and promote cost-efficiency over the long-term.

Key Takeaways from the Pre-Insulated Pipe Industry: 

  • The United States pre-insulated pipe market is predicted to maintain its clasp over the top position of the market. Expanding at the CAGR of 4.9%, the market is predicted to attain USD 1.4 Billion by 2033, as per recent market estimates by FMI.
  • Japan is predicted to emerge as the fastest growing nation in the pre-insulated pipe domain. The country is set to grow at a CAGR of 6.7% in the next 10 years. By the end of 2033, the total revenue generated by Japan alone would be USD 755.6 Million.
  • Growing preference for metal and alloy based pre-insulated pipes is predicted to aid the market expansion. The metal and alloy segment is predicted to garner significant market share, striving at a CAGR of 4.6% between 2023-2033.
  • The surging demand for single pipes by end use industries is projected to propel market growth. The CAGR of single pipe segment is set to rise from 2.9% in historical period to 4.4% over the forecast period.

New Developments Fueling Pre-Insulated Pipe Market Expansion:

  • In May 2022, Huntsman, in association with BRUGG Pipes, has innovated a next-gen polyurethane foam system having outstanding insulation properties that can be utilized to develop thermally efficient, extremely flexible, pre-insulated pipes for linking local heating units and ground source heat pumps to commercial and domestic buildings. The new innovation is predicted to cater to the growing demand for heat pumps.
  • In 2021, Armacell introduced two upgraded versions of its pre-insulated seamless copper pipes, DuoSplit and Tubolit Split. Since they are easy to install, flexible, and robust, these products deliver benefits to installers and end users alike. The newly launched durable and environment-friendly products are enjoying wider spectrum of applications.  

 Top Key Players

  • Georg Fischer AG
  • Uponor Corporation
  • Watts Water Technologies
  • LOGSTOR A/S
  • Brugg Group Ag
  • Polypipe Group PLC
  • Vital Energi Utilities Limited
  • Perma-Pipe International Holdings Inc.
  • Elips – Empower Logstor
  • KE KELIT
  • Thermaflex International Holding b.v.
  • Ecoline S.R.L.
  • Aquatherm GmbH

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Pre-Insulated Pipe Market By Segmentations

By Material Type:

  • Metal & Alloys
  • Polymers

By Pipe Configuration:

  • Single Pipe
  • Twin Pipe

By Installation:

  • Below Ground
  • Above Ground

By End User:

  • District Heating and Cooling
  • Oil & Gas
  • Chemical
  • Pharmaceutical
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • 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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Automotive Seating Accessories Market likely to reach USD 30.3 billion by 2033

MRB-Automotive Seating Accessories Market
MRB-Automotive Seating Accessories Market

In 2023, the Automotive Seating Accessories Market is estimated to be equivalent of USD 21.5 Billion. The market might reach USD 30.3 Billion by the end of the year 2033, achieving a CAGR of 3.5 % at the end of the forecasting period. The manufacturing of accessories is affected by a numerous factors including increasing demand of environment friendly luxury and economical cars and ability of the accessories to make it customizable as per the requirements.

Seat accessories in an automotive are an integral part of automobile manufacturing chain as it gives an ability to consumer to create slight modification to get a personalised approach to the automobile. Along with that, it also helps in enhancing the comfort level and utility of the vehicle enhancing the driving experience. Increase in the demand of these product is also driven by a very wide range of economical to expensive ranges of product availability to choose from.

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The major downfalls of this industry is that many luxury brands produce their own personalized accessories as per the consumers appreciation which is causing decline of buyers in the market as the preference in given to the equipment manufacturers. Another growth barrier to this industry is a heavy use of non-eco-friendly materials and lesser probability of having it reused because of the customization.

Even with that, use of recycled and ecological materials will create a surge in the demand of industries because of trends in automobile inclining towards pollution free vehicles. Recent trends of shift of population in urban areas in European countries and Asia along with the promotions given to the use of pollution free vehicle is increasing the demand of automobile which will create countless opportunities for this industry.

Material enhancement and technological progress is drastically improving the corresponding manufacturing industry, for example temperature controlled seat covers has been a breakthrough along with many lightweight and durable materials for product manufacturing such as vinyl, epoxy resin, polyester, acrylic fur etc. Owing to increment in worldwide accident rates and improved safety regulations for the automobile newer seat belt technologies such as active pre-tensioners and inflated seat belt will be major driving factors of the market due to their major roles in the reduction of fatalities.

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Increasing demand for seating support structures due of advancement in polyurethane foams, core material of lumbar and neck supports mounted on car seats to provide relief from back pain caused by long hours of driving is anticipated to foster the demand. Another major share of the market is covered by external attachment to the seats such as coat or bag hangers, baby seats, additional car controls at the front and back hand rests, cup holders and small paper, book and laptop holding compartments. A smart and handy placement of these attachments is the designing of the seat would boost the practicality and increase the product recognition.

Key Takeaways from the automotive seating accessories Market:

  • The automotive seating accessories industry in China is predicted to reach USD 10.1 Billion by 2033, increasing at a 4.1% CAGR.
  • The automotive seating accessories industry in the United States is estimated to reach a market share of USD 3.4 billion, expanding at a CAGR of 3% by 2033.
  • During the forecast period, the automotive seating accessories industry in India is expected to reach a market share of USD 3.1 billion, securing a 4.8% CAGR.
  • The automotive seating accessories industry in Japan is predicted to reach USD 1.7 billion by 2033, increasing at a 3% CAGR.
  • South Korea’s automotive seating accessories industry is predicted to achieve a market share of USD 1.2 billion, rising at a 2.7% CAGR during the forecast period.
  • With a CAGR of 3.9% from 2023 to 2033, the seat cover segment is expected to dominate the automotive seating accessories industry.
  • With a CAGR of 3.8% from 2023 to 2033, the seatbelt and safety attachment segment is expected to cover the automotive seating accessories industry.

Segmentation Analysis of the Automotive Seating Accessories Market

By Product Type:

  • Car seat covers
    • Conventional Materials
    • Synthetic Materials
  • Seat Accessories
    • Front Seat Accessories
    • Rear Seat Accessories
  • Seat Belts
  • Hand Rests
  • Alarms and controls
  • Baby Seat and child locks
  • Coat Hangers
  • Cup holders, Laptop Compartment and other accessories.

By Vehicle Type:

  • Passenger car
    • Compact
    • Hatchbacks
    • SUVs
    • Luxury
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

By Sales Channel:

  • Direct sales through OEM
  • Indirect third party sales
  • Specialty stores
  • Online stores.
  • Online sales.

By Region:

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

How Does the Competition Look in the automotive seating accessories Market?

Automotive seating accessories industry has a highly competitive landscape, with a significant number of players fighting for market share. Several significant participants in this industry comprise T.S. tech co. ltd., Aisin, Toyota boshoku, Adient, Lear Corporation, Aptiv, Autoliv, Denso Corporation, Toshiba Corporation, Robert Bosch, Goodbaby International Holdings, Newell brands, RECARDO holdings Gmbh along with  many other players. In addition, most of luxury brands have their own dedicated departments of accessory designing and developments which meets the standards and expectations of the brand.

A number of global and local market participants definitely adds up to a considerable market size. The region of Asia Pacific in particular contributes to a great number of local participants making it a dominating growth region.

About Future Market Insights (FMI)

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

Contact Us:      

Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Lactoferrin Market Reaching USD 711.9 Million by 2033 Due to Rising Demand in Infant Formulas and Dietary Supplements

Lactoferrin Market
Lactoferrin Market

According to Future Market Insights’ new analysis, the global lactoferrin market size is estimated to reach US$ 247.0 million in 2023. Total lactoferrin sales are anticipated to increase at 4.7% CAGR between 2023 and 2033, totaling a revenue of US$ 711.9 million by 2033.

Growing application of lactoferrin in infant formulas, clinical nutrition, and dietary supplements is a prominent factor expected to drive the global lactoferrin industry forward.

Lactoferrin is a multifunctional protein generally found in mammalian milk. It possesses antioxidant, antiviral, antibacterial, and anti-inflammatory properties due to which it has gained enormous popularity worldwide.

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Lactoferrin is being increasingly used in infant nutrition, dietary supplements, and several other healthy food items. Hence, growing production and consumption of these products will eventually boost lactoferrin sales during the projection period.

Rising prevalence of diseases such as anemia, diarrhea, blood infection, and numerous other conditions is expected to generate high demand for supplements such as lactoferrin during the next ten years.

Lactoferrin has become an ideal iron supplement used for low iron levels during pregnancy. It is also used for treating diarrhea, ulcers, hepatitis, and blood infections. Growing awareness about the potential benefits of lactoferrin is expected to generate lucrative revenue-generation opportunities for lactoferrin manufacturers over the assessment period.

Considered a nutraceutical protein and playing a vital role in neurodevelopment and neuropathic mechanisms, lactoferrin is surging in demand among clinical nutrition product manufacturers.

Clinical nutrition application of lactoferrin is gaining traction with FMI estimating this segment to accelerate at 7.3% CAGR between 2023 and 2033.

Lactoferrin is also considered a cationic glycoprotein, being used as a nutritional ingredient in different food & beverage products, such as food supplements, non-alcoholic beverages, and sports nutrition products.

The future of lactoferrin adoption depends on the food & beverage companies, especially brands making baby foods and dietary supplements, who are motivated to comply with the food safety certification requirements and necessary environmental standards.

As a result, more innovation across the value chain is required to increase the adoption rate of the product, driven by a new food revolution generated through consumer tastes and preferences while leveraging automation effectively.

Key Takeaways from the Lactoferrin Market Study:

  • Global sales of lactoferrin are forecast to rise at 4.7% CAGR throughout the assessment period.
  • By form, powdered lactoferrin segment accounts for a market share of 88.9%.
  • Based on application, infant formulas segment currently holds a prominent share of 35.9% while the clinical nutrition segment is anticipated to witness a lucrative growth rate of 7.3% CAGR between 2023 and 2033.
  • Europe remains the leading producer of lactoferrin and it held around 31.1% of the global lactoferrin market in 2022.
  • Demand for lactoferrin across South Asia is expected to increase at 7.7% CAGR during the projection period.

“Growing inclination towards high nutritional and healthy food products across the world is expected to create lucrative growth prospects for lactoferrin market during the forecast period. Hence, key lactoferrin manufacturers are introducing lactoferrin-based products with exotic flavors and innovative packaging to attract more consumers,” – Nandini Roy Choudhury, Client Partner at Future Market Insights 

Who is Winning?

Leading companies offering lactoferrin are Fonterra Co-operative Group, Glanbia plc, Milei Gmbh, Nestle SA, Pharming Group NV, Farbest Brands, NutriScience, Bega Cheese Group, Ltd, InVitria, Vitalus Nutrition Inc., and others.

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Global Lactoferrin Industry is Segmented as Below

By Form:

  • Powder
  • Liquid

By Application:

  • Sports Nutrition
  • Infant Formulas
  • Clinical Nutrition
  • Veterinary Nutrition
  • Personal Care
  • Food Nutrition

By Region:

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

About Future Market Insights (FMI)

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

 Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Emerging Trends in the Crane Market: Estimated Growth to USD 67.6 Billion by 2033, with a CAGR of 4.0%

Crane Market
Crane Market

The global crane market size is likely to be valued at USD 45.7 billion in 2023. The increasing demand for infrastructural development and construction activity is driving market growth. The market is estimated to garner USD 67.6 billion in 2033, recording a CAGR of 4.0% from 2023 to 2033

The increasing urbanization and construction of high-rise buildings, bridges, roads, and other infrastructure projects drive the demand for cranes. Increasing usage of crane machines in material loading, shipbuilding, manufacturing, and construction industries worldwide is set to drive sales in the market

Increasing applications of cranes in the oil and gas industry for exploration and production activity and offshore and onshore operations, including rig installation, pipeline construction, and maintenance activities, drive the crane market growth.

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Increasing technological advancements and the addition of features like telematics, anti-collision systems, remote control operation, and load monitoring sensors, enhance crane performance and safety, and boost the market demand during the forecast period.

North America has a well-established crane market, supported by ongoing infrastructure projects, industrial activities, and urban development. The expansion of the oil & gas sector and investment in renewable energy projects in the United States and Canada contribute to the market growth in the region.

Asia Pacific is likely to hold a significant share of the crane market owing to the increased construction of high-rise buildings, transportation infrastructure, and energy projects. The increasing investments in manufacturing in China and India drive the market demand.

Key Takeaways from the Market Study

  • From 2018 to 2022, the crane market demand expanded at a CAGR of 3.5%
  • Based on crane type, the tower crane segment accounts for a CAGR of 3.8%
  • By application, the construction segment is expected to expand at a CAGR of 3.9% during the forecast period
  • North America to emerge as a promising crane market, capturing a CAGR of 3.9%
  • The crane industry in the United Kingdom is predicted to reach US$ 4 billion by 2033
  • South Asia and the Pacific to be an opportunistic crane market, expected to capture a CAGR of 3.5 % during the forecast period.

Competitive Landscape

The global crane market is fragmented with the presence of several large and medium-scale players. The leading players in the crane market are investing in strategic agreements in order to capture market share.

Some of the development by prominent players in the crane market are:

  • Liebherr is a prominent player in the crane market, known for its wide range of mobile and crawler cranes. In recent years, Liebherr has focused on innovation and product development. For example, they introduced the Liebherr LTM 1650-8.1 mobile crane, which has one of the longest telescopic booms in its class. This crane offers high lifting capacities and advanced safety features, catering to the needs of heavy lifting applications.
  • Terex Corporation is a leading manufacturer of cranes, including rough terrain cranes, tower cranes, and truck-mounted cranes. In recent years, Terex has made advancements in technology and safety features. They launched the Terex CTT 472-20 flat-top tower crane, featuring an increased lifting capacity and advanced control systems for improved efficiency and productivity. This crane incorporates automation features for ease of use and enhanced safety.

Top Key Players

  • Liebherr Group
  • Terex Corporation
  • XCMG Construction Machinery Co. Ltd.
  • The Manitowoc Company
  • Cargotec Oyj, Tadano Ltd.
  • Zoomlion Heavy Industry Science & Technology Co., Ltd.
  • Kobelco
  • Sany Group
  • Kato
  • Tadano Ltd.

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Know More about What the Crane Market Report Covers

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

To understand opportunities in the crane market, the market is segmented based on type, application, capacity, and design across six major regions.

Key Segmentations 

By Type:

  • Rough Terrain Cranes (RTCs)
  • All Terrain Cranes (ATCs)
  • Truck Cranes
  • Mobile Harbors
  • Off-shore Ship Cranes
  • Loader Cranes
  • Railroad Cranes
  • Crawler Cranes
  • Tower Cranes
  • Others

By Application:

  • Aerospace and Defense
  • Automotive & Railways
  • Heavy Engineering
  • General Engineering
  • Mining
  • Construction
  • Marine
  • Shipping & Material Handling
  • Energy (Power & Gas)

By Capacity:

  • Up to 5 MT
  • 5 to 50 MT
  • 50 to 250 MT
  • 250 to 500 MT
  • 500 to 1,500 MT
  • 1,500 to 3,000 MT

By Design:

  • Stiff Boom
  • Knuckle Boom/Telescopic Boom

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • 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 5000 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