Consumer Electronics Market Expected to Record a CAGR of 5.80% During the Forecast Period By 2033

In 2023, the consumer electronics market is expected to reach a valuation of US$ 3,296.66 million, with projections suggesting a substantial increase to US$ 5,820.65 million by 2033. Anticipated sales growth for consumer electronics is forecasted to achieve a Compound Annual Growth Rate (CAGR) of 5.80% throughout the forecast period. These figures underscore the enduring demand for innovative electronic products, driven by evolving technology trends and consumer preferences for connected devices. As the market continues to evolve, manufacturers and retailers have significant opportunities to capitalize on emerging trends and meet the ever-changing needs of consumers in the electronics industry.

People today deprive of the time, as their lifestyle changes and want to put more comfort and convenience into lives by increasing technology usage. The suggestive idea is then fortified by the advanced technology to offer updated solutions based on them as a result of their influence, stimulating consumer electronics sales across the globe.

The list of consumer electronics appliances contains TV appliances, computers, and smartphones. In addition, the application of goods is carried out on a smaller scale and not for commercial purposes; consequently, this increases the total market size in more consumer electronics.

The emergence of innovative concepts such as 5G internet, machine learning and artificial intelligence have in one way or another empowered the market players to redefine their technology into something even better with enhanced services.

Advanced consumer electronics have been started in the country to meet both international demand and domestic consumption after high living standards invented along with increased per capita income. In addition, the integrated chips have helped in shaping AI technologies that ease what people go through.

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New smartphone technologies have penetrated other consumer electronic appliances such as interactive screens, televisions, and computers. This is followed by the vendors promoting efficient consumption and sustainable product designs.

Key Points

  1. The Chinese market is the biggest and the fastest market for consumer electronics and is expected to cross a value of US$ 717.1 Bn by 2033. The regional market is expected to thrive at an elevated 11.6% between 2023 and 2033.
  2. The US market for consumer electronics thrives at a CAGR of 2.9% during the forecast period. The market is likely to reach a value of US$ 705.6 Bn by 2033.
  3. The multi-brand stores segment is likely thrive in the sales channel category as it provides more dimensions to the retailer while diversifying the options for the end users. It is expected to thrive at a CAGR of 4.2% during the forecast period.
  4. The consumer electronic devices segment tops the product type tally with a CAGR of 5.2% between 2023 and 2033 while it thrived at a lower CAGR of 3.6% during the previous forecast period.

Competitive Landscape

The competitors focus on providing the latest technology from around the world with the most adjustable design that saves electricity while providing a modern loo for appliances. Key players in the consumer electronics market are

  • Samsung Electronics Co. Ltd.
  • LG Electronics Co. Ltd.
  • Apple, Inc.
  • Hitachi Ltd.
  • Koninklijke Philips N.V.
  • Sony Corporation
  • Hewlett Packard Inc.
  • Toshiba Corporation
  • Panasonic Corporation

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Key Segments

Product:

  • Consumer Electronic Devices
    • Digital Camcorder/DVR and Camera
    • Smart Phones/Feature Phones & Tablets
    • Smart TV
    • Printers/ Set Top Box
    • Personal Computers & Gaming Consoles
  • Wearable Devices
    • Smart Accessories
    • Other Wearable Devices
  • Smart Home Devices
    • Securities & HVAC Systems
    • Smart Kitchen Appliances

Sales Channel:

  • Hypermarkets/Supermarkets
  • Specialty Stores
  • Multi-brand Stores
  • Online Retailers
  • Wholesalers & Distributors
  • Other Sales Channel

By Region:

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

For instance:

  • In 2022, Samsung Electronics co. Ltd has introduced a wide range of new consumer electronic devices such as foldable phones, refrigerators with invertor technology, and Neo QLED 8K/4K TVs & AVs.
  • In 2022, LG Electronics launched a new range of washing technology that involves front-loading washing machines, top-loading washing machines, dryers, and semi-automatic washing machines.

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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Organic Cosmetics Market is Projected to Reach US$ 35452.08 Million by 2034 | Report By FMI

In 2024, the organic cosmetics market holds a value of US$21,558.3 million. It is anticipated to reach US$ 35,452.08 million by 2034, demonstrating a compound annual growth rate (CAGR) of 5.10% throughout the forecast period. This presents a golden opportunity for decision-makers in the beauty industry. Here’s why organic cosmetics are the future of beauty, and how you can cultivate a thriving brand:

Capitalize on the Wellness Revolution:

  • Consumers Know Better, Do Better: Post-pandemic awareness of health has surged. By offering organic cosmetics free from potentially harmful synthetic chemicals, you cater to a growing consumer base seeking safer skincare and beauty products.

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Sustainability Sells:

  • Eco-Conscious Choices: Environmental concerns are a top priority for many consumers. Develop organic cosmetics using sustainable practices and highlight your commitment to eco-friendly processes. This resonates with a generation that wants their beauty routine to be good for the planet.

Natural Beauty on the Rise:

  • Clean Beauty Takes Center Stage: Consumers are looking for “clean-label” products that prioritize natural ingredients. Focus on formulations using organic ingredients perceived as safer and healthier for the skin.

The Power of Influence:

  • Leverage the Digital Age: Social media is a powerful marketing tool. Partner with beauty influencers and leverage social media platforms to promote organic cosmetic lines and connect with a wider audience.

Meeting Evolving Retail Trends:

  • Omnichannel Accessibility: Consumers shop everywhere, from online retailers to dedicated beauty platforms. Ensure your organic cosmetics are readily available through a diverse range of distribution channels to reach more customers.

Transparency is Key:

  • Building Trust Through Integrity: Regulatory scrutiny of cosmetics is increasing. Commit to transparency by using ethically sourced organic raw materials and promoting cruelty-free production methods. Build trust with consumers who value ethical practices.

Targeting the Next Generation:

  • The Future is Green: Millennials and Gen Z are driving the sustainability movement. Develop a brand identity that aligns with their values of environmental consciousness and social responsibility.

Innovation is Essential:

  • Harnessing Nature’s Bounty: The availability of organic raw materials is expanding. Invest in research and development to create innovative, high-performing organic cosmetic formulations that deliver visible results.

Embrace Consumer Feedback:

  • The Proof is in the Results: Positive customer experiences resonate throughout the market. Prioritize high-quality organic ingredients and effective formulas to receive positive feedback and build brand loyalty.

In personal care sector the preferences of packing trends have also changed as it evolved to highly protect, and more natural formulas and practical packaging. Thanks to strong market reactions to natural solutions that are being used more and more in product packaging, innovative naturals are gradually becoming a new standard of the industry. Through the consumerist marketing approaches of commercial organisations natural solutions are suggested alongside attention to profitable container variants.

Now, being highly consumer-oriented consumers require cosmetics manufacturers to be transparent in all aspects such as sourcing practice, goods and ingredients they manufacture and the ones that their health is in question while it comes to its environment practise. As a part of the process where demonstrated social and environmental credentiality becomes increasingly mandatory, after an understanding that more cosmetics companies and manufacturers are looking for ways to define their own brands through sustainability-focused products, services, and even customer experiences.

Key Takeaways from the Organic Cosmetics Market Study

  • FMI in its latest study has forecast the market to rise at a CAGR of 5.0% between 2021 and 2031
  • The U.S. will emerge as a key market, accounting for nearly 80% of organic cosmetics market in North America
  • Growth in the U.K. will remain moderate. FMI forecasts the market to record nearly 1.9% Y-o-Y growth in 2021
  • While Germany and France too will continue exhibiting demand for organic cosmetics, Italy is expected to emerge as a lucrative pocket in Europe
  • Japan, China, and South Korea will emerge as key markets for organic cosmetics in East Asia. Of these, Japan is likely to dominate

Who is winning?

  • L’Oréal
  • Procter & Gamble
  • Estée Lauder
  • Unilever
  • Shiseido
  • Johnson & Johnson
  • Coty Inc.
  • Beiersdorf
  • Avon Products
  • Kao Corporation
  • Revlon
  • Henkel
  • Amorepacific Corporation
  • Mary Kay Inc.
  • Natura &Co
  • Colgate-Palmolive
  • Oriflame Cosmetics
  • And More..

To acquire a competitive advantage over other market participants, players are aggressively investing in order to encourage and support product development. The creation of an innovative product portfolio and portfolio expansion is the most popular strategy among the major businesses. Innovation is the instrument used to entice and persuade consumers to purchase a particular product category. By highlighting a product’s USP, which typically varies from one brand to another, it aids in separating one product from another.

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Organic Cosmetics Market by Category

Product Type

  • Skin Care
    • Creams & Lotions
    • Serums
    • Face Packs/ Masks
    • Cleanser
    • Others
  • Hair Care
    • Shampoo
    • Conditioner
    • Hair Oil
    • Hair Dye
    • Others
  • Makeup
    • Facial Products
    • Eye Products
    • Lip Products
    • Nail Products
  • Body Care
    • Soaps
    • Shower Gels
    • Cream
    • Oils
  • Fragrance

End User

  • Men
  • Women
  • Unisex
  • Baby

Sales Channel

  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Specialty Stores
  • Direct Selling
  • Departmental Stores
  • Online Retailing
  • Other Sales Channel

Price Range

  • Economy
  • Mid-range
  • Premium

Region

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~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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Flooring and Carpets Market is Projected to Expand at a CAGR of 5.0% During forecast Period By 2033

In 2023, the global flooring and carpet market is estimated to be worth around US$ 297,976.0 million, compared to US$ 283,995.4 million in 2022. Projections for 2033 indicate a promising growth trajectory, with the market expected to reach approximately US$ 485,371.5 million. This steady advancement is driven by a Compound Annual Growth Rate (CAGR) of 5.0% from 2023 to 2033.

Key Flooring and Carpets Market Trends

  • Laminate and Vinyl Flooring: Laminate and vinyl flooring are becoming increasingly popular due to their affordability and versatility.
  • Preference for Concrete: Concrete flooring remains a favored choice in modern industrial and commercial environments.
  • Rise in Luxury Flooring Demand: There is a growing demand for luxury flooring, reflecting consumer desires for premium and elegant designs.
  • Aesthetic Trends: Aesthetic considerations are driving current flooring trends, with patterns and colors playing a significant role.
  • Innovations in Commercial Sector: The commercial flooring sector sees innovations in materials tailored for high-traffic areas.
  • Specialized Solutions for Industrial Spaces: Industrial spaces require specialized flooring solutions to meet durability and safety standards.
  • Expansion of Outdoor Flooring Market: The market for outdoor flooring materials is expanding as outdoor living spaces gain importance.
  • Importance of Weather Resistance: Weather-resistant options are essential to withstand outdoor elements effectively.

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Beyond the conventional opportunities, one emerging trend is circular economy practices. Manufacturers can explore take-back schemes and recycling initiatives where old flooring materials are collected, refurbished, and reintroduced into the market. This aligns with consumer preferences for sustainable products and minimizes waste. Furthermore, catering to the aging population by designing flooring solutions with enhanced slip resistance and mobility support can open up new market segments.

While trends like smart flooring and sustainability are prominent, another intriguing development is the integration of augmented reality (AR) and virtual reality (VR) technologies. Some companies are utilizing AR and VR applications to help customers visualize how different flooring options would appear in their spaces before making a purchase. This immersive experience enhances consumer confidence and reduces the likelihood of post-installation dissatisfaction.

Key Takeaways from the Flooring and Carpets Market

  • The United States has a robust flooring and carpets industry, accounting for a sizable 27.8% share in 2023.
  • With a 7.6% market share in 2023, Canada’s flooring and carpets industry is notably molded by its frigid environment.
  • With a 5.5% market share in 2023, Germany prioritizes quality and longevity in its flooring selection.
  • The flooring market in the United Kingdom, with a 4.4% market share in 2023, maintains a balance between history and innovation.
  • France, with a 3.5% market share in 2023, prefers elegance and sophistication in flooring.
  • With a 3.0% market share in 2023, Italy’s flooring and carpets industry is heavily affected by its design-centric culture.
  • With a 2.5% market share in 2023, Spain’s flooring options seamlessly integrate heritage and contemporary.
  • With a 6.0% market share in 2023, China has a thriving middle class and urbanization, boosting demand for high-quality flooring.
  • Cultural diversity and changing climatic conditions define India’s market share of 2.5% in 2023.
  • Japan’s flooring selections embody minimalism and efficiency, with a 4.4% market share in 2023.
  • With a 4.5% market share in 2023, Australia has a penchant for outside and open living areas.
  • With a 1.2% market share in 2023, Singapore welcomes innovative technology, such as smart flooring solutions designed for urban life.

Competitive Landscape of the Flooring and Carpets Market

A spirited battle among industry titans and nimble challengers characterizes the competitive landscape of the flooring and carpets market. Established giants like Mohawk Industries Inc., Interface Inc., and Beaulieu International Group N.V. continue to wield significant influence with their diverse product portfolios and expansive global presence. These market leaders have cemented their positions through a blend of innovation, sustainability, and a keen focus on customer satisfaction.

However, the market is far from static, as up-and-coming players seek to carve their niches. New entrants find fertile ground by specializing in customization, smart flooring solutions, and sustainable materials—a strategy that resonates with evolving consumer preferences. These agile contenders pose a formidable challenge, particularly in segments where innovation and adaptability reign supreme.

In a world where online reviews and recommendations sway purchase decisions, every player, regardless of size, must ensure a strong online presence. The ability to harness data analytics and leverage customer feedback becomes a potent tool for staying ahead. As the industry witnesses a growing convergence of aesthetics and technology, competitive advantage hinges on the ability to create flooring solutions that harmonize form and function.

The volatility of raw material prices, such as nylon, polyester, and polypropylene, presents a persistent challenge for market players. To maintain profitability, industry leaders must adopt prudent pricing strategies while exploring alternative materials to mitigate these fluctuations.

Recent Developments in the Flooring and Carpets Market:

  • Forbo launched the Forbo Flooring Systems brand in January 2023, which combines its existing flooring brands of Forbo Flooring Systems, Tessera, and Coral into a single brand. The new brand will offer various flooring solutions for commercial and residential applications.
  • Gerflor launched the Gerflor One range of flooring products in September 2022. The range includes a variety of flooring solutions, such as vinyl, LVT, and laminate that are designed to be easy to install and maintain.
  • Beaulieu International Group launched the DreamClick flooring system in June 2022. The system is a click-to-install flooring solution that is available in a variety of designs and colors.
  • Balta Industries launched the Balta Hybrid flooring collection in March 2022. The collection is a hybrid of vinyl and LVT that offers the best of both worlds in terms of performance and aesthetics.
  • Al Sorayai Group launched the Alshayaer flooring brand in February 2022. The brand offers a wide range of flooring solutions for commercial and residential applications, including vinyl, LVT, laminate, and carpet.

Leading Competitors for Flooring and Carpets Market

  • Mohawk Industries Inc.
  • Interface Inc.
  • Beaulieu International Group N.V.
  • Tarkett S.A.
  • Balta Group
  • Shaw Industries Group, Inc.
  • ALSORAYAI Group
  • Forbo Holding AG
  • Armstrong World Industries LLC
  • Gerflor Group
  • Oriental Weavers Group
  • Al Abdullatif Industrial Investment Company (AIIC)
  • Polyflor Ltd.
  • Brintons Carpets Limited
  • Milliken & Company Inc.
  • Betap Tufting B.V.

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Key Segments

By Flooring Type:

  • Carpets
  • Tufting
  • Woven
  • Rugs
  • Accent Rugs
  • Area Rugs
  • Other Rugs
  • Artificial Grass
  • Carpet Tiles
  • Vinyl Flooring
  • Laminate Parquet Flooring

By Material Type:

  • Polypropylene
  • Nylon
  • Polyester
  • Others

By Application:

  • Residential
  • Commercial Offices
  • Retail
  • Hospitality
  • Healthcare and Hospitals
  • Educational Institutes
  • Automotive
  • Industrial
  • Others

By Region:

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

About Future Market Insights (FMI)

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

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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Sports and Athletic Insoles Market: Expected Growth at a 6.6% CAGR by 2033 | Report By FMI

In 2023, the sports and athletic insoles market is projected to be worth approximately US$ 9 billion, with expectations to reach US$ 17 billion by 2033. The adoption of sports and athletic insoles is anticipated to increase at a Compound Annual Growth Rate (CAGR) of 6.6% from 2023 to 2033.

The Internet of Things (IoT) is being integrated into the manufacturing processes of various traditional consumer goods, such as sports and athletic insoles, to enhance user convenience. The evolution of sports and athletic insoles has exceeded expectations, focusing on providing utmost comfort for consumers. In terms of base material, the rubber segment is anticipated to lead with an above-average Compound Annual Growth Rate (CAGR) of 6.5% throughout the assessment period.

A new pattern that one might find is growing concern on day to determine more sustainable materials. There is demand for recycled and biodegradable insoles from consumers, showing what can only be read as environmental consciousness in them. In spite of their growing popularity in the market, customization does not seem to spread as fast. Manufacturers provide Asics custom orthotics based on specific features such as a foot shape, arch type and desired athletic pursuit. This trend responds to the increasing demand for comfort, assistance, and injury reductions.

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The market also presents opportunities in the realm of medical applications. Insoles designed for medical conditions such as plantar fasciitis, diabetes, and arthritis are in high demand, driven by the aging population and the increasing prevalence of these conditions. The sports and athletic insoles market is witnessing the convergence of technology, sustainability, customization, and medical needs, providing vast prospects for innovation and market expansion.

Key Takeaways from the Sports and Athletic Insoles Market:

  • The United States is projected to hold a market share of more than 70.0% in North America until 2023.Italy is forecasted to capture a market share of over 11.3% in Europe until 2023.
  • India is expected to secure a market share of over 29.7% in South Asia by 2023.
  • Among various base material types, rubber is experiencing the highest level of popularity. This segment is anticipated to maintain its leading position in the foreseeable future.

How Key Players are revolutionizing the Manufacturing of Sports and Athletic Insoles market?

Key players in the sports and athletic insoles market are revolutionizing manufacturing processes to meet evolving consumer demands. They are incorporating advanced technologies such as 3D printing, computer-aided design (CAD), and robotics to enhance production efficiency and customization capabilities.

This allows for the creation of personalized insoles that offer precise support and comfort based on individual foot measurements and activity requirements. These players are investing in research and development to develop innovative materials and designs that enhance performance, durability, and sustainability. By embracing technological advancements and focusing on innovation, key players are driving the transformation of the sports and athletic insoles market, providing enhanced products and experiences to consumers.

Key Players in the Market:

  • Aetrex Worldwide, Inc.
  • Invent Medical Group, s.r.o. (8 Sole)
  • Materialise Phits Insoles
  • AF Group
  • ALINE Systems, Inc.
  • ARNEPLANT, S.L
  • Bauerfeind
  • Birkenstock USA
  • Currex GmbH
  • Diafarm Laboratories (Noene)
  • Foot Science International
  • Footbalance System Ltd.
  • Guangzhou Shunyang SM Co Ltd.
  • Implus LLC
  • Ottobock Holding
  • Peacocks Medical Group
  • Reckitt Benckiser (Scholl)
  • RSscan Lab Ltd.
  • Sorbothane, Incorporated
  • SUPERFEET WORLDWIDE, Inc.
  • Texon International Group Limited
  • Wiivv Wearables Inc.
  • Digitsole

Product Portfolio:

  • Foot Science International is known for its FootBalance custom insoles and orthotics that provide personalized support and comfort for customers’ feet, enhancing their overall well-being.
  • Footbalance System Ltd. offers a diverse product portfolio of custom insoles, foot analysis systems, and related accessories, aimed at improving foot health and optimizing performance for athletes and individuals seeking personalized foot support.

More Insights Available

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

To understand opportunities in the sports and athletic insoles market, the report is segmented on the basis of By Base Material Type (Polymer, Plastic, Rubber, Carbon Fiber and Silicone), By Size (U.S.) (% of Demand) (4 – 5, 6 – 7, 8 – 9, 10 – 11 and 12 – 13), By Consumer Orientation (Men, Women and Kids), By Sales Channel (Direct Sales, Indirect Sales, Hypermarkets/Supermarkets, Departmental Stores, Specialty Stores, Multi-brand Stores, Exclusive Stores/Franchised Stores, Online Retailers and Other Retail Channels),  across 5 major regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

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Market by Category

By Base Material Type:

  • Polymer
  • Plastic
  • Rubber
  • Carbon Fiber
  • Silicone

By Size (U.S.) (% of Demand):

  • 4 – 5
  • 6 – 7
  • 8 – 9
  • 10 – 11
  • 12 – 13

By Consumer Orientation:

  • Men
  • Women
  • Kids

By Sales Channel:

  • Direct Sales
  • Indirect Sales
    • Hypermarkets/Supermarkets
    • Departmental Stores
    • Specialty Stores
    • Multi-brand Stores
    • Exclusive Stores/Franchised Stores
    • Online Retailers
    • Other Retail Channels

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~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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Disinfection Equipment Market Recording a CAGR of 12.4% by 2033 | Says FMI

In 2022, the global disinfection equipment market is estimated at USD 8.5 million. By 2023, it’s projected to secure USD 9.5 million, marking the beginning of a substantial growth trajectory. This surge is attributed to increased healthcare spending, prompting a shift in disinfection equipment usage from commercial to household settings. Over the forecast period from 2023 to 2033, the market is expected to witness exponential growth, reaching US$ 30.5 million and recording an impressive CAGR of 12.4%.

Due to heightened demand, major manufacturers of disinfection equipment have ramped up their production capacity at manufacturing facilities. This surge in production is expected to result in a significant increase in the sales of disinfection equipment worldwide. Additionally, market players are striving to offer comprehensive solution concepts, especially to end-users, thereby bolstering the growth of the disinfection equipment industry.

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The high rate of consumers who have the bit of awareness surrounding the air pollution trend and the growing prevalence of air bone diseases is predicted to push usage uv disinfection which will ultimately catapult market development during the forecast period. The use of disinfections equipment and cleaners has risen dramatically over the duration of the present pandemic, and it is anticipated to continue this course throughout the determination phase.

Key Takeaways from the Market Study

  • From 2018 to 2022, the market demand expanded at a CAGR of 8.5%
  • By Equipment Type, UV disinfection to accumulate a market share of 45.5% in 2022
  • By end user, the commercial segment dominates the market with a share of 42.3%
  • North America to emerge as a promising market, capturing nearly 45% of the global market share in 2022
  • Asia Pacific to be an opportunistic market, expected to capture 32% of revenue

Competitive Landscape

Prominent players in the disinfection equipment market are. Trojan Technology, Belimed AG, GetingeAB, Advanced Sterilization Products Services Inc, Xylem, Sotera Health, Shinva Medical Instruments, Steris Corporation, Matachana, 3M Healthcare, Heraeus, BD, Cardinal Health among others

Leading players operating in the global disinfection equipment market are focusing on intensive research and development for launching innovative products and services in the market. Brand consciousness and aggressive marketing by top players however make it challenging for new entrants in this market.

Recent Developments:

In January 2022- Xylem announced a partnership with water consultancy Isle Utilities, to fund and scale breakthrough water technologies, called the “Trial Reservoir.” It provides water technology innovator access to capital for pilot projects, with an initial focus on technology that reduces the carbon emission of the water system.

In March 2023- Getinge announced the acquisition of Ultra Clean Systems, a leading manufacturer of ultrasonic cleaning technology used in hospitals, and surgery centers to decontaminate surgical instruments.

Know More about What the Disinfection Equipment Market Report Covers

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

To understand opportunities in the disinfection equipment market, the market is segmented on the basis of equipment type (disinfection sprayers, electrostatic sprayers, and UV disinfection), end use (household, commercial, and industrial), and distribution channel (wholesalers/distributors, online retailers, independent small stores, and other sales channels) across five major regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

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Key Segments Covered in the Disinfection Equipment Industry Analysis

By Equipment Type:

  • Disinfection Sprayers
  • Electrostatic Sprayers
  • UV Disinfection

By End User:

  • Commercial
  • Household
  • Industrial

By Distribution Channel:

  • Wholesalers / Distributors
  • Online Retailers
  • Independent Small Stores
  • Other sales channels

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:        

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T: +1-845-579-5705
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Blue Light Protection Ingredient Market is Expected to Develop at a CAGR Of 8.6% and Reach USD 2.02 billion through 2034

According to a report published by Future Market Insights, the blue light protection ingredient market is expected to grow significantly in the forthcoming decade, with a projected value of USD 890.9 million in 2024. The market is predicted to surge at a CAGR of 8.6% during the forecast period and is expected to reach a valuation of USD 2.02 billion by 2034. The market growth can be attributed to the increasing use of smartphones and other electronic devices and the growing awareness of the harmful effects of blue light exposure on the skin.

The demand for blue light protection ingredients is rapidly expanding, with a particular focus on botanical ingredients that can safeguard against harmful blue light. Active compounds found in botanicals such as ginger, pomegranate, noni fruits, and carrot root have been identified as effective in shielding the skin from blue light-induced damage. As a result, producers of blue-light protection ingredients have developed innovative anti-blue light solutions for various skin and cosmetic care products, including primers, serums, and facial gels, leading to increased global sales of blue-light protection components.

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The demand for blue-light protection in devices and electronics is also rising, focusing on using these ingredients to treat various skin-related diseases like redness, dark spots, skin aging, and wrinkles. This trend is creating a new consumer base for blue-light defense ingredients. As awareness of the harmful effects of blue light exposure on the skin grows, the demand for blue light protection ingredients is expected to continue to increase, presenting new opportunities for manufacturers and suppliers in the blue light protection ingredient market.

Key Takeaways from the Blue Light Protection Ingredient Market  

  • The United States blue light protection ingredient industry is projected to experience a CAGR of 9% through 2034.
  • The blue light protection ingredient market in the United Kingdom is expected to demonstrate a CAGR of 6% through 2034.
  • The blue light protection Ingredient Industry in Japan is anticipated to witness a CAGR of 0% through 2034.
  • The Indian blue light protection ingredients sector is expected to showcase a CAGR of 4% through 2034.
  • The blue light protection ingredient market in China is estimated to display a CAGR of 6% through 2034.

Competitive Landscape of the Blue Light Protection Ingredient Market

Several market players are vying for market dominance in the highly fragmented global blue-light protection ingredients market. Consumers still place a high value on safety and product quality. As consumer demand for natural and organic goods grows, ingredient manufacturers are expanding their product lines or opening new facilities for organic manufacturing.

Players in the market are concentrating on their social media presence, efficient advertising, and growth plans to raise consumer awareness and meet the growing demand. To stay ahead of the curve and establish themselves as important players in this cutthroat industry, the blue light protection ingredient industry is growing its businesses through partnerships, research and development, strategic alliances, and focused marketing campaigns in the upcoming decade.

Key Companies in the Blue Light Protection Ingredient Market

  • DSM Nutritional Products, LLC
  • Clariant International Ltd
  • RAHN AG
  • BASF Group
  • Croda International Plc
  • Ashland Global Specialty Chemicals Inc.
  • Kobo Products, Inc.
  • Evonik Industries
  • Lonza Group
  • SkinCeuticals International
  • Solara Suncare Inc.
  • Skinbetter Science LLC
  • Galactic Beauty LLC
  • ISDIN S.A.
  • EltaMD Inc.
  • COOLA LLC.

Recent Developments in the Blue Light Protection Ingredient Market

  • Symrise AG raised its ownership of United States pigment and powder specialist Kobo Products Inc. to 49% in October 2023 to grow the supply chain and capacity for businesses that produce decorative cosmetics and mineral UV filters.
  • Walmart carried the Screensaver range of blue light-blocking cosmetics, which IBG Brand Incubator introduced in September 2023. Screensaver strives to shield skin from the damaging impacts of digital gadgets with nine solutions.

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Key Segments

By Foam Type:

  • Solid/Semi-solid
  • Liquid

By Nature:

  • Original
  • Conventional

By Application:

  • Facial Skincare
    • Facial Creams & Moisturizer
    • Serums
    • Facial Gels/Oils
    • Others
  • Body Care Products
    • Cosmetic Products
    • Foundations
    • Primers & Concealers
    • 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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Pumps and Trigger Spray Market Expected to Reach USD 15.0 Billion by 2033 | FMI

In 2023, the pumps and trigger spray market is estimated to be valued at USD 7.41 billion and is expected to reach USD 15.0 billion by 2033. The adoption of pumps and trigger sprays is likely to expand at a CAGR of 7.3% from 2023 to 2033.

Sustainability, leading the way for change, continues to rise, pushing innovation towards the development of biodegradable and compostable materials. Collaborative efforts across various industries give rise to hybrid solutions, broadening the market’s scope.

The innovation streamlines liquid product particle size and optimizes trigger spray design, fostering efficient dispensing. The growing embrace of 3D printing within pump and trigger spray production foreshadows a promising market future.

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Online retail surge drives packaging innovation. E-commerce-friendly designs, compact dispensing formats, and easy-open closures cater to the digital consumer, ushering new possibilities for convenience and brand differentiation. Collaborative alliances across sectors like cosmetics, pharmaceuticals, and automotive are giving rise to hybrid solutions. Customized dispensing mechanisms for specific applications are emerging, opening avenues for product diversification.

Key Takeaways from the Pumps and Trigger Spray Market:

  • The pumps and trigger spray market is led by the United States, projecting a 7.2% CAGR until 2033.
  • China is at the forefront, anticipating 7% CAGR growth in pumps and trigger spray market by 2033.
  • The United Kingdom is poised for a 7.1% CAGR by 2033.
  • The trigger sprayers segment is set to dominate the pumps and trigger spray market with a CAGR of 7.5% by 2033.
  • FMI predicts the plastics segment to grow at a remarkable 7.7% CAGR through 2033.

How Key Players are revolutionizing the Pumps and Trigger Spray Market?

In the dynamic realm of industrial solutions, the pumps and trigger spray market is undergoing a profound transformation led by visionary key players. These industry frontrunners are propelling innovation to unprecedented heights, redefining the landscape and setting new benchmarks.

Key Players Are:

  • Guala Dispensing S.p.A
  • Silgan Dispensing Systems Corporation
  • AFA Dispensing
  • Bramlage Division GmbH & Co. KG
  • MJS Packaging
  • The Packaging Company
  • Klager Plastik GmbH
  • Plastopack Industries
  • Demareis GmbH
  • Burkle GmbH
  • Rieke Packaging, CLC & Sengcze
  • AptarGroup Inc.
  • Yoshino
  • Frapak Packaging
  • Canyon Europe Ltd.
  • Berry Plastics
  • Taplast S.p.A.

Product Portfolio

  • GUALA DISPENSING S.p.A. offers a diverse product portfolio of innovative dispensing solutions. From precision-engineered pumps to cutting-edge sprayers, their range caters to various industries. With a focus on quality and functionality, GUALA DISPENSING S.p.A. consistently delivers top-tier dispensing solutions.
  • Berry Plastics presents an expansive product portfolio, featuring innovative packaging solutions. Their range includes sustainable containers, versatile closures, and customized packaging options. With a focus on quality and sustainability, Berry Plastics caters to diverse industries, delivering reliable and eco-friendly packaging solutions.

More Insights Available

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

To understand opportunities in the pumps and trigger spray market, the report is segmented on the basis of Product Type (Pumps and Trigger Spray), Material Type (Plastic (Polyethylene (PE) (High-Density Polyethylene (HDPE) and Low-Density Polyethylene (LDPE)), Polyethylene Terephthalate (PET), Polyvinyl Chloride (PVC) and Polypropylene  (PP), Metal and Glass), Application (Body Lotion, Hand Care Lotions, Reagents, Pesticides/Fertilizers, Perfumes & Deodorants, Liquid Soaps, Shampoos & Conditioners and Chemicals), End Use (Cosmetics & Personal Care (Homecare, Pharmaceuticals, Chemicals & Fertilizers, Laboratories, Automotive and Agriculture), across 7 major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and Middle East & Africa).

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Market Segmentation

By Product Type:

  • Pumps
  • Trigger Spray

By Material Type:

  • Plastic
  • Polyethylene (PE)
  • High-Density Polyethylene (HDPE)
  • Low-Density Polyethylene (LDPE)
  • Polyethylene Terephthalate (PET)
  • Polyvinyl Chloride (PVC)
  • Polypropylene (PP)
  • Metal
  • Glass

By Application:

  • Body Lotion
  • Hand Care Lotions
  • Reagents
  • Pesticides/Fertilizers
  • Perfumes & Deodorants
  • Liquid Soaps
  • Shampoos & Conditioners
  • Chemicals

By End Use:

  • Cosmetics & Personal Care
  • Homecare
  • Pharmaceuticals
  • Chemicals & Fertilizers
  • Laboratories
  • Automotive
  • Agriculture

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 ~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 Market Insights Inc.
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Trace Chemical Detector Market to Surge with 7.2% CAGR by 2027 Due to Stringent Chemical Safety Regulations

 

The trace chemical detector market is projected to experience significant growth, with revenue anticipated to increase at a compound annual growth rate (CAGR) of 7.2% from 2019 to 2027. This growth is driven by heightened security concerns across various sectors, including defense, homeland security, and industrial safety, necessitating advanced detection technologies. The rising incidence of chemical threats and the need for stringent safety measures are further propelling the demand for trace chemical detectors.

In the recent past, an inspection of healthcare-related products has become highly stringent to mitigate the consequences of ill-practices on patient health. On this premise, tests such as stability testing, shelf-life testing, and expiration date testing are mandatory in the pharmaceutical and healthcare industries. The rising stringency and number of tests are expected to drive the demand for the trace chemical detector market.

In addition to the healthcare industry, trace chemical detectors are finding significant adoption in the defense sector for applications such as chemical weapon detection, narcotics detection, hazardous chemical detection, trace explosives detection, and VIP security. This will equally complement the growth of the market for the years to come.

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Likewise, the emergence of e-commerce has expanded accessibility of diverse end-use specific detectors, such as portable instruments for mobile usage and benchtop instrument for laboratory testing application, are fuelling the overall market growth.

“Market players focusing on expanding their geographical footprint to Western European and the North American to leverage the high government expenditure of defense and healthcare, which necessitates trace chemical detectors”, opines FMI.

Trace Chemical Detector Market – Key Takeaways

  • The global trace chemical detector market was valued at US$ 2 Mn in 2018 and is projected to progress at a CAGR of 7.2% through the forecast period.
  • Based on the type, portable trace chemical detectors are expected to remain the most sought-out detectors owing to their convenience offered by portability features, high accuracy, and safety in terms of operation.
  • Healthcare & research is expected to drive the majority of demand as the stringency related to healthcare products continues to increase.
  • The defence sector will hold a prominent share in the market value, owing to rising spending to ensure safety across the world.
  • Among the wide variety of tests, narcotics and hydrocarbon tests are forecasted to account for the majority of share in the North American region.

Trace Chemical Detector Market – Key Trends

  • Advancement of technologies have facilitated the development of precise identification & measurement control devices, narcotics detection system, and hazardous chemical warning systems, and this is positively influencing the growth of the market.
  • Rising investments by governments across the world amid geo-political tensions are proliferating the adoption of trace chemical detectors.

Trace Chemical Detector Market – Regional Analysis

  • North America and Europe are expected to maintain hegemony over the regional landscape through the assessment period.
  • The dominance of these regions is attributed to increased expenditure of research and development activities in the healthcare and defense sectors.
  • Asia Pacific is poised to witness healthy growth on the back of swiftly developing infrastructure in emerging economies such as China and India.

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Trace Chemical Detector Market – Competitive Landscape

Some of the major market players studied in the report include, but not limited to, Ametek (Ortec), Autoclear, LLC, Westminster International Ltd, Horiba, Bruker, JFE Techno-Research Corporation, Morphix Technologies, Hitachi High-Tech Analytical Science, and Smiths Detection Inc. Market players are leveraging the expansion of e-commerce, to widen their distribution and are investing in technological, aesthetic, and operational innovations of portable chemical detectors.

Trace Chemical Detector Market Segmentation

Test Type:

  • Narcotics
  • Hydrocarbon
  • Composites
  • Metal & alloys
  • Polymers.

Product Type :

  • Benchtop
  • Portable

End use:

  • Security & defence
  • Aerospace
  • Oil & gas
  • Chemical & pharmaceutical
  • Healthcare & research.

Application:

  • Explosive & narcotics detection
  • Building protection
  • Subway protection
  • Chemical weapon detection
  • Petrochemical testing
  • Chemical research.

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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T: +1-845-579-5705
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Rising Demand in Industrial Sectors Fuels pH Meter Market Growth: Surpass USD 2 Billion by 2027

pH Meter Market
pH Meter Market

According to a study by Future Market Insights, the sales of pH meters are projected to surpass a valuation of USD 2 billion by the end of 2027. This growth is driven by the increasing demand for accurate and reliable pH measurement across various industries, including pharmaceuticals, food and beverage, water treatment, and chemical manufacturing. Technological advancements in pH meter design, such as enhanced accuracy, ease of use, and integration with digital systems, are further propelling market expansion. Additionally, the rising emphasis on maintaining stringent quality control standards and regulatory compliance is fueling the adoption of pH meters globally, positioning the market for significant growth in the coming years.

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pH Meter Becoming an Imperative Control Parameter

pH meters are used significantly in scientific, industrial, and household applications across numerous industrial sectors, such as power industries, pharmaceuticals industries, food & beverages industries, the mining sector, and the oil & gas sector. However, according to FMI, burgeoning applications of pH meters in chemical and petrochemical industries will hold a major share in the growth of the pH meter market across the globe over the forecast period.

The importance of determining the properties of chemical samples has been on the rise, which remains an important factor in triggering high demand for pH meters in the chemical and petrochemical industries for petroleum refining processes. pH is thus becoming an important control parameter in the petrochemical and chemical industries and this is likely to influence upcoming trends in the pH market during the foreseeable future.

Growing Demand for pH Meters in the Healthcare Industry

pH meters are commonly used for calculating the pH of whole blood PLTs (WBPs) as they are important equipment used in surrogate tests of bacterial infection. pH meters are also used to stop the transfusion of bacterially contaminated WBPs and RBCs. Hence, the demand for pH meters in the biotechnology filed, as well as in hospitals and pharmaceutical laboratories, has witnessed rapid growth. These are also among the major factors propelling the pH meter market across the globe.

Government Regulations Vis-à-vis Water and Wastewater Treatment Boost Demand for pH Meter

The report has cited high demand for pH meters within multiple industrial sectors in North America and Europe, owing to strict regulations by respective governments pertaining to the industrial sector.

Asia Pacific excluding Japan is expected to hold a prominent share of the global pH meter market over the forecast period. Increase in spending by governments and organizations to cope with the rapidly growing urbanisation, water policies, the implementation of safe water principles, as well as numerous international protocols & policies to ensure water safety, are some of the factors that are estimated to fuel the growth of the pH meter market in the Asia Pacific excluding Japan region.

In the Middle East & Africa, the pH meter market is estimated to grow significantly as the World Health Organization has published stringent guidelines pertaining to the obtainability of safe water for the public, as Middle East Africa has the lowest number of people with access to safe drinking water. Governments in the Middle East Africa region are focusing on refining the quality of water, which is another parameter fuelling the growth of pH meter market in the Middle East Africa. These are some of the factors fuelling the growth of the market across the globe.

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Tier-1 Manufacturers in pH Meter Market to Emphasize Strategic Acquisitions

According to the FMI analysis, Mettler-Toledo, Emerson Electric Co. and Thermo Fisher Scientific are among the prominent manufacturers of pH meters. Developments and innovations in pH meters, along with developing relations with customers and a rising number of acquisitions, are among the prominent strategies followed by the manufacturers of pH meters.

Some of the key manufacturers of pH meters are Endress + Hauser Digital Labs GmbH, Hanna Instruments, Omega Engineering, Agilent Technologies, PerkinElmer, ThermoWorks, WTW inoLab, Beckman Coulter, Metrohm, Contech, Sartorius AG, Hach.

pH Meter Market: Segmentation

On the basis of end use

  • food & beverages
  • pharmaceutical & hospitals
  • biotechnology
  • chemical & petrochemical
  • environmental research
  • educational institutes
  • water & waste water management

On the basis of product type

  • digital
  • analogue

On the basis of modularity

  • portable
  • benchtop pH meters

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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Phthalate and Non-Phthalate Plasticizers Market Set to Thrive at 4.8% CAGR, Reaching USD 22,968.9 Million by 2033

Phthalate and Non-Phthalate Plasticizers Market
Phthalate and Non-Phthalate Plasticizers Market

 

The global phthalate and non-phthalate plasticizers market is estimated to expand from USD 14,432.6 million in 2023 to USD 22,968.9 million by 2033. Overall sales in the market are likely to soar at 4.8% CAGR through 2033. The rapid adoption of phthalate and non-phthalate plasticizers across various industries will continue to drive the global market forward.

The shift towards bio-based plasticizers is emerging as a key trend that will bolster sales during the projection period.

Traditional phthalate plasticizers have been linked to negative health effects and environmental concerns. Hence, non-toxic alternatives that are sustainable and safer for human health & the environment such as non-phthalate plasticizers are coming into spotlight.

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Increasing demand for non-phthalate plasticizers from automotive, aerospace, and building & construction industries will boost the market during the forecast period.

Rising trend of lightweight vehicles and energy-efficient buildings will play a key role in uplifting product demand through 2033. Plasticizers are commonly used to improve the flexibility, durability, and workability of plastics, which are widely used in the automotive and building industries.

The trend towards lightweight vehicles and energy-efficient buildings is driving demand for plasticizers. This is because manufacturers seek to create more flexible, durable, and high-performance materials that can meet the changing needs of these industries.

Increasing adoption of medical devices presents an opportunity for non-phthalate plasticizers. This is because of the potential health risks associated with phthalate plasticizers.

Non-phthalate plasticizers are now being used in a wide range of medical devices, including IV bags, tubing, and other flexible plastic components. These plasticizers offer several advantages, including better compatibility with certain polymers, improved flexibility, and reduced leaching into the surrounding environment.

Key Takeaways from the Market:

  • The global phthalate and non-phthalate plasticizers market will reach around US$ 22,968.9 million by 2033
  • Global sales of phthalate and non-phthalate plasticizers are projected to rise at 8% through 2033.
  • By product type, non-phthalate plasticizers segment is forecast to expand at a CAGR of around 3%.
  • Based on application, cables & wires segment is likely to exhibit a CAGR of 5% from 2023 to 2033.
  • China phthalate and non-phthalate plasticizers market value is estimated to reach US$ 7,805.8 million by 2033.
  • Phthalate and non-phthalate plasticizer demand in India is projected to increase at around 4% CAGR through 2033.
  • BASF SE, Exxon Mobil Corporation, Eastman Chemical Company, Lanxess AG, and Evonik Industries AG are the top players, accounting for a share of nearly 20% in the global market.

“Growing demand for non-toxic plasticizers and increasing demand from medical industry are key factors driving growth in this market. Manufacturers are likely to find lucrative opportunities for non-phthalate plasticizers that are sustainable, light-weight, durable and cost-effective. This is because such products would find widespread use across numerous industries like automotive and construction.” says a lead FMI analyst.

Who is Winning?

BASF SE, Exxon Mobil Corporation, Evonik Industries AG, Eastman Chemical Company, Lanxess AG, Hanwha Group, Sasol Ltd., Hallstar, Aarti Industries, New Japan Chemical Co., Ltd., Bluesail Group, Henan Qing’an Chemical Hi-Tech Co., Ltd., Polynt S.p.A., Aekyung Chemical Co. Ltd., UPC Technology Corporation, KLJ Group, Shandong Hongxin Chemicals Co., Ltd., LG Chem, Perstorp Holding AB, and others are few of the leading manufacturers of phthalate and non-phthalate plasticizers profiled in the full version of the report.

Key players are focusing on expanding their production capacity to increase their market presence. To secure long-term demand, top players are also entering into long-term supply agreements with key industries. Companies are also concentrating on establishing new facilities to meet rising demand from various industries.

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Phthalate and Non-phthalate Plasticizers Market Segmentation

By Product Type:

  • Phthalate Plasticizers
  • Non-Phthalate Plasticizers

By Applications:

  • Wire and Cables
  • Flooring and Wall Coverings
  • Coatings
  • Films and Sheets
  • Consumer and Industrial Goods
  • Upholstery
  • Medical Products
  • Others

By End-use Industry:

  • Healthcare
  • Aerospace
  • Automotive
  • Building and Construction
  • Food and Beverage
  • Electrical and Electronics
  • Consumer Goods
  • Others

About Future Market Insights (FMI)

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

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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