Market Research Blog – Page 1966 – New Product Development

Baby Bottle Market is Expected to Reach a Valuation of US$ 5 Billion by 2033 | FMI

The baby bottle market is estimated to be worth USD 3.41 billion in 2023 and is projected to increase to USD 5 billion by 2033. The adoption of baby bottles is expected to progress at a Compound Annual Growth Rate (CAGR) of 3.9% throughout the forecast period.

A significant opportunity exists in the rising demand for sustainable and eco-friendly baby bottles. As environmental awareness grows, many parents are moving away from traditional plastic bottles in favor of glass or BPA-free alternatives. Brands that cater to this eco-conscious market segment are well-positioned to gain a competitive advantage.

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Additionally, there’s a rising trend in the integration of technology within the baby bottle sector. Innovative products like smart baby bottles, which come equipped with temperature sensors, Bluetooth connectivity, and feeding trackers, are rapidly gaining popularity among parents keen on monitoring their child’s feeding schedule meticulously. Companies that invest in such advanced technologies are likely to appeal to tech-savvy consumers.

Personalization is another emerging trend in the baby bottle market. Brands that offer customizable options in terms of colors, designs, and functionalities allow parents to tailor products to their specific preferences and needs, enhancing the overall user experience.

With the rise of e-commerce and direct-to-consumer sales, brands can reach a global audience more effectively. Online platforms enable easy accessibility and personalized marketing, creating opportunities for smaller, niche brands to compete with established players. The impact of the COVID-19 pandemic has also brought about changes in consumer behavior, influencing buying patterns and product preferences. Brands that adapt to these shifting demands by offering convenient and hygienic solutions can thrive in the evolving market.

Key Takeaways from the Baby Bottle Market:

As per FMI, the United States spearheads growth in North America, with an approximate 3.8% CAGR forecasted for the period.
Baby Bottles in India is anticipated to surge at a 3.6% CAGR over the next ten years.
Germany is expected to experience robust growth at a CAGR of 3.7% by 2023.
Future Market Insights projects plastic baby bottles to dominate the material segment with a 4.2% CAGR over the next decade.
Future Market Insights predicts a 4% CAGR for plastic baby bottles.

How Key Players are revolutionizing the Baby Bottle market?

Key players are revolutionizing the Baby Bottle market through innovation and consumer-centric approaches. They prioritize safety, eco-friendliness, and convenience, introducing new materials like glass and sustainable plastics. Anti-colic and self-sterilizing features improve functionality, catering to parents’ needs. Customizable and personalized options appeal to individual preferences. Digital advancements, such as temperature sensors and feeding trackers, enhance care-giving experiences. Moreover, targeted marketing and global e-commerce expand their reach, engaging diverse audiences. As sustainability, health consciousness, and tech integration gain prominence, key players drive the market’s evolution, reshaping how parents nurture their little ones.

Key Players

Mayborn Group Ltd
Babisil International Ltd
Mason Bottle
Pura Stainless LLC
PACIFIC BABY INC
Nanobébé
Munchkin Inc.
Cherub Baby Australia
Handi-Craft Company
Steri-bottle

Product Portfolio:

Munchkin offers a diverse product portfolio of baby essentials, including baby bottles, sippy cups, feeding accessories, and safety products. Their innovative designs and focus on safety make them a preferred choice for parents worldwide.
Cherub Baby Australia’s product portfolio boasts a wide range of baby feeding and care items. From glass baby bottles and breast milk storage bags to food pouches and sterilizers, their products emphasize functionality and eco-consciousness.
Handi-Craft Company specializes in a product portfolio of baby bottles and accessories under the popular Dr. Brown’s brand. Known for their patented anti-colic technology and BPA-free materials, their offerings prioritize baby’s comfort during feeding.

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More Insights Available

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

To understand opportunities in the baby bottle market, the report is segmented on the basis of Material (Plastic Baby Bottles, Stainless Steel Baby Bottles and Others), Capacity (Less than 3 oz Baby Bottles, 3-6 oz Baby Bottles, 6-9 oz Baby Bottles and More than 9 oz Baby Bottles), Price Range( High/ Premium Baby Bottles and Mid-Range/ Economy Baby Bottles), Sales Channel (Wholesalers/ Distributors, Hypermarkets/ Supermarkets, Specialty Stores, Convenience Stores, Drug & Pharmaceutical Stores, Online Stores and Others), across 7 major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and Middle East & Africa).

About Future Market Insights (FMI)

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Projected Growth: Recycled Concrete Aggregates Market to Hit USD 19,500.1 Million by 2033, with a CAGR of 8.0% | FMI Reports

The global market for recycled concrete aggregates is poised to grow at a CAGR of 8.0% throughout the forecast period, expanding from USD 9,053.7 million in 2023 to USD 19,500.1 million by 2033.

Key drivers of this growth include the increasing adoption of sustainable construction practices and the rising demand for eco-friendly building materials. As environmental awareness continues to grow, there is a notable shift towards using recycled concrete aggregates in construction projects worldwide.

Rapid urbanization and ongoing construction activities globally are significant contributors to the market’s expansion. Builders and contractors are increasingly opting for recycled concrete aggregates to construct new roads and infrastructure, driven by their cost-effectiveness, durability, and environmental benefits compared to virgin aggregates.

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Recycled concrete aggregates are becoming favored alternatives due to their lower cost, resilience, and ability to reduce the need for new mining activities. Their applications span various construction uses, contributing to their increasing popularity in the industry.

The trend towards sustainable practices in the building and construction sectors, coupled with escalating environmental concerns, will further propel the demand for recycled concrete aggregates in the coming decade. Gravel and crushed stone currently dominate the concrete aggregates market by weight, primarily due to their widespread use in fills, concrete production, and their cost-effectiveness.

Key Takeaways from the Recycled Concrete Aggregates Market:

The global market for recycled concrete aggregates is projected to expand at 0% CAGR through 2033.
By application, road & pavement is expected to remain a prominent segment accounting for more than 65% of the overall market.
By product type, gravel and crushed stone segment is anticipated to progress at 6% CAGR during the forecast period.
Asia Pacific market is forecast to expand at a robust CAGR of 5% through 2033.
China recycled concrete aggregates industry is likely to exhibit a CAGR of 4% from 2023 to 2033.

“The increasing demand for sustainable and eco-friendly construction materials will continue to boost the global recycled concrete aggregates industry. Manufacturers are likely to find significant growth opportunities in developing concrete aggregates that are inexpensive and durable, targeted at rapidly urbanizing demographics across the globe.” – says a lead Future Market Insights (FMI) analyst

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Who is Winning?

Heidelberg Cement AG, CEMEX SAB de CV, Vulcan Material Company, LafargeHolcim Ltd., CRH Plc, Tarmac Group, Top Grade Site Management LLC, Southern Crushes Concrete, LLC, Big city crushed concrete are few of the leading companies operating in the recycled concrete aggregates industry.

Key companies are employing various organic and inorganic strategies to boost their revenues and expand their presence. This includes partnerships, acquisitions, collaborations, and facility expansions. For instance,

In July 2021, U.S. Concrete was acquired by Vulcan Material Company.
In March 2023, Seqens and Holcim partnered to build the world’s first fully recycled concrete building called Recygenie.

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More Insights into the Recycled Concrete Aggregates Market Report

In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the global recycled concrete aggregates market, providing historical data from 2018 to 2022 and forecast statistics for the period 2023 to 2033. To understand the global market potential, growth, and scope, the market is segmented based on product type, form, application, end use, and region.

Recycled Concrete Aggregates Market Segmentation

By Product Type:

Sand
Gravel and Crushed Stone
Cement Concrete
Asphalt Pavement Debris

By Form:

Unprocessed
Processed

By Application:

Roads & Pavement
Bridges
Bulk Fills & Riverbank Protection
Concrete Manufacturing
Others

By End Use:

Residential
Non-residential

By Region:

North & Central America
South America
Northern Europe
Southern & Western Europe
CIS & Eastern Europe
Middle East
Africa
Asia Pacific

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
LinkedIn| Twitter| Blogs | YouTube

Road Marking Paints & Coatings Market to Reach USD 2,899.8 Million by 2033, with a CAGR of 4.3% | FMI Reports

The market’s expansion will be driven by increasing demand across various applications such as roads, highways, parking lots, and pavement marking. Growth in global construction activities and the maintenance of road-highway infrastructure are anticipated to boost market demand. Furthermore, the rapid pace of urbanization and the implementation of new smart city initiatives by governments worldwide will further drive the need for road marking paints and coatings.

Government regulations aimed at enhancing road safety are another significant factor expected to spur sales of road marking paints and coatings. These regulations are increasingly emphasizing the importance of clear and durable road markings to improve traffic management and reduce accidents.

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Key manufacturing hubs for road marking paints and coatings are concentrated in East Asia and South Asia, while North America and Europe represent major consumer markets due to their substantial demand for these products. South Asia and South America are poised to emerge as lucrative markets during the forecast period, driven by rapid urban development and infrastructure projects.

Leading manufacturers in the industry are strategically expanding their market presence through acquisitions of local players and the introduction of new product lines. Many companies are also investing in vertically integrating their operations to offer comprehensive solutions for road marking projects.

Key Takeaways from the Road Marking Paints & Coatings Market:

The worldwide market for road marking paints and coatings is likely to expand at 3% CAGR through 2033.
By material type, thermoplastics segment leads the market, holding around 50% of
By application, road and highway marking segment is set to progress at 4% CAGR in the forecast period.
North America road marking paints and coatings market is forecast to thrive at 3% CAGR through 2033.
Road marking paint & coating demand in China is likely to rise at 7% CAGR from 2023 to 2033.

“Rise in infrastructure projects worldwide has led to a greater focus on enhancing road networks and trade routes connecting key cities within and across countries. Consequently, there has been a surge in demand for road marking paints to not only enhance the aesthetic of paved roads but also enhance driver safety and reduce accidents on modernized roadways.” – says an FMI analyst.

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Who is Winning?

Sherwin-Williams Company, Dow Inc., Geveko Markings, Nippon Paints, PPG Industries, Swarco AG, and others are few of the leading road marking paint & coating manufacturers profiled in the comprehensive version of the report.

Key players are focusing on expanding their production capacity to increase their market presence all over the globe and to gain maximum traction in the market. Further, they are employing strategies such as partnerships, acquisitions, and mergers to expand their footprint. For instance,

In 2022, Sika AG’s European industrial coatings business was acquired by Sherwin-Williams

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More Insights into the Road Marking Paints & Coatings Market Report

In its latest report, Future Market Insights offers an unbiased analysis of the global road marking paints & coatings market, providing historical data from 2018 to 2022 and forecast statistics for the period 2023 to 2033. To understand the global market potential, growth, and scope, the market is segmented based on material type, marking type, application, and region.

Global Road marking Paints & Coatings Market Segmentation

By Material Type:

Performance-based
Paint-Based Markings

By Marking Type:

Permanent
Removable

By Application:

Road and Highway Marking
Pavement Marking
Parking Lot Marking
Factory Marking
Airport Marking
Field Marking
Other Applications

By Region:

North America
Latin America
Western Europe
Eastern Europe
Russia and Belarus
Balkan and Baltic Countries
Central Asia
East Asia
South Asia and 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:

Plastic Market Forecasted to Achieve USD 1050 Billion Valuation by 2033, with a CAGR of 4% | FMI Reports

The global plastic market is projected to grow significantly, reaching USD 712 billion in 2023 and expanding to USD 1,050 billion by 2033, with a CAGR of 4% over the forecast period.

Demand for plastics market is soaring across diverse industries such as food and beverage, consumer goods, automotive, and electrical and electronics. In the food and beverage sector, plastic packaging is preferred for its ability to preserve food quality and prevent contamination, driven by its excellent barrier properties.

Plastics’ versatility and durability are enhancing their use in sports, fashion, toy-making, and polymer clay applications. Their moldability allows for flexible packaging solutions in various shapes and sizes, further boosting their demand across industries.

Textiles benefit from plastics’ elasticity, durability, and aesthetic appeal, while their rigidity makes them suitable for automotive and electrical component packaging. This broadening application scope across multiple sectors is fueling the plastics industry’s growth.

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There is a rising demand for engineering polymers due to their superior strength, durability, and enhanced thermal and mechanical properties compared to standard polymers. These materials are increasingly favored in building, machinery, and componentry applications, replacing metals and contributing to weight reduction and improved efficiency.

Major OEMs like Volkswagen are adopting engineered plastic materials for metal part replacements, achieving significant weight reductions and enhancing performance. This trend towards substituting metals with plastics, driven by their strength, flexibility, and reliability, is a key driver of market growth.

Furthermore, advancements in plastic design processes enable the customization of materials with superior physical and chemical properties compared to metals. Their lightweight nature also benefits transportation applications, enhancing fuel efficiency and further stimulating market expansion.

Key Takeaways

The demand for plastic in the Asia Pacific is projected to rise with a promising CAGR of 4.3% during the forecast period.
The market in the United States is anticipated to expand with a CAGR of 4.1% during the forecast period.
The market in the United States is projected to be worth over US$ 90.5 billion in 2023.
By end-use, the packaging industry segment is expected to generate demand with a CAGR of 4.7% during the forecast period.

“The substitution of metals with plastics and growing demand for packaging materials is expected to drive market growth during the forecast period,”– comments an FMI Analyst

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Competitive Landscape

The market for plastic is characterized by extreme competition, as key industry players are making significant investments to improve their manufacturing capabilities.

Recent Developments in the Plastic Market

In January 2023, BASF announced an investment to expand the capacity for polymer dispersions at its manufacturing facility in Merak, Indonesia.
In January 2023, SABIC reaffirmed its commitment to the circular economy by announcing plans to produce one million metric tonnes of TRUCIRCLETM solutions annually by 2030.
In December 2022, SABIC, a prominent player in the diversified chemical industry, launched a novel high-density polyethylene (HDPE) containing mechanically recycled content. This release is part of TRUCIRCLETM, the company’s initiative to promote a circular economy for plastics.
In January 2023, Evonik unveiled IN VIVO BIOTICSTM, a scientifically supported line of synbiotic products.
In February 2021, ExxonMobil successfully concluded the initial phase plant trial of its patented advanced recycling process in Texas, U.S.

Key Companies Profiled

BASF SE
SABIC
Dow Inc
DuPont de Nemours, Inc
Evonik Industries
Sumitomo Chemical Co., Ltd.
Arkema
Celanese Corporation
Eastman Chemical Company
Chevron Phillips Chemical Co., LLC
Lotte Chemical Corporation
Exxon Mobil Corporation
Formosa Plastic Corporation
Covestro AG

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Valuable Insights Available

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

To understand opportunities in the plastic market, the market is segmented based on product, application, end-user, and region.

Key Segments Profiled in the Plastic Market Industry Survey

By Product :

Polyethylene (PE)
Polypropylene (PP)
Polyurethane (PU)
Polyvinyl chloride (PVC)
Polyethylene terephthalate (PET)
Polystyrene (PS)
Acrylonitrile butadiene styrene (ABS)
Polybutylene terephthalate (PBT)
Polyphenylene Oxide (PPO)
Epoxy Polymers
Liquid Crystal Polymers
Polyether ether ketone (PEEK)
Polycarbonate (PC)
Polyamide (PA)
Polysulfone (PSU)
Polyphenylsulfone (PPSU)
Others

By Application :

Injection Moulding
Blow Moulding
Roto Moulding
Compression Moulding
Casting
Thermoforming
Extrusion
Calendering
Others

By End-use :

Packaging
Construction
Electrical & Electronics
Automotive
Medical Devices
Others

By Region :

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

About Future Market Insights (FMI)

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

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Global Innovative Intraosseous Devices Market Poised for Remarkable Growth, Reaching USD 792.56 Million by 2032

The global market for intraosseous devices is experiencing unprecedented growth, fueled by their indispensable role in emergency medical care. Recent market analysis forecasts a robust expansion from USD 451 million in 2022 to an impressive USD 792.56 million by 2032, reflecting a steady CAGR of 5.8%.

Intraosseous devices have emerged as a critical tool in modern medical practice, offering a rapid and reliable alternative for accessing a patient’s vascular system when traditional intravenous (IV) methods are impractical. This capability is particularly crucial in emergency scenarios such as trauma cases, pediatric emergencies, and situations where establishing IV access proves challenging.

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Technological advancements have spurred the evolution of intraosseous devices, ranging from manual options to powered drills, each equipped with safety features and user-friendly interfaces. These innovations ensure minimal complications and optimal performance under high-pressure conditions, enhancing their utility across diverse medical settings.

The increasing emphasis on emergency preparedness and trauma care, both globally and across developed and developing regions, underscores the growing demand for intraosseous devices. Healthcare providers rely on these devices to administer fluids, medications, and blood products swiftly, thereby improving patient outcomes and saving lives.

“As the focus on emergency medical care intensifies, the market for intraosseous devices is poised for continued expansion,” noted FMI. “These devices exemplify innovation in medical technology, empowering healthcare professionals to deliver timely interventions that can be life-saving.”

Key Takeaways: Intraosseous Devices Market

The global intraosseous devices market is valued at USD 451 million in 2022 and is expected to reach USD 792.56 million by 2032, growing at a CAGR of 5.8%.
North America and Europe are the dominant markets due to factors like:
- High prevalence of cardiac disorders
- Launch of advanced devices by major manufacturers
- Faster adoption rates in developed countries due to factors like FDA approvals
The Asia Pacific market is expected to see significant growth due to:
- Increasing presence of major players expanding their reach
- Growing demand for these devices

Intraosseous Devices Market: Key Players

Some of the key market players in the intraosseous devices market are

Pyng Medical Corp.,
PerSys Medical,
Aero Healthcare,
Vidacare Corporation,
Carefusion Inc.,
Cook Medical Inc.

Intraosseous Devices Market: Segmentation

Intraosseous Devices marketis segmented on basis of technology, route of administration, end user and geography:

By Technology:

Manual
Automatic
Impact-Driven
Powered Drill

By Route of Administration:

Sternum
Distal and Proximal Tibia
Distal Femur
Calcaneus
Head of Humerus

By End User:

Hospitals
Ambulatory Surgical Centers
Cardiology Clinics

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About Future Market Insights (FMI)

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

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Dry Ice Market Forecasted to Achieve USD 4.46 Billion Valuation by 2034, with a CAGR of 7.8% | FMI Reports

The dry ice market is poised to grow significantly, with a projected CAGR of 7.8%, increasing from USD 2.09 billion in 2024 to USD 4.46 billion by 2034.

The healthcare sector and biomedical field are driving demand for dry ice due to the need for efficient storage and transportation of surgical instruments, medical apparatus, and biomedical specimens. This demand is a key factor fueling the market’s growth.

Moreover, organizations are increasingly adopting dry ice blast cleaning techniques over traditional water and chemical methods for machinery cleaning. This shift supports sustainability goals, which further boosts the expansion of the dry ice market.

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There is a growing awareness about the benefits of dry ice across various industries, contributing to market growth. In the food and beverage sector, dry ice is extensively used to enhance the shelf life of food items, which is another significant driver expanding the market size.

Technological innovations and advancements in production processes are also enhancing the efficiency of dry ice production, aligning with supply-side trends and driving market growth.

Key Takeaways from the Market Study

The food and beverage industry uses dry ice the maximum, capping the market space of the segment to 38.4%.
The Indian dry ice market growth is estimated to be the highest during the forecasted period, with a forecasted CAGR of 12.8%.
The United States of America will lead North America at a CAGR of 4.8%, creating numerous growth prospects for leading dry ice manufacturers.
Based on the type, dry ice pallets find a wide range of applications, which will help the segment occupy 54.5% of the market space in 2024.

“Handling dry ice might be a critical market challenge as it can damage the operator’s physical health,”– says an FMI analyst.

Competitive Landscape

The demand-side trends suggest that the dry ice market growth is attributed to the expanding key players meeting consumer demands. Moreover, various key competitors innovate to bolster their presence in the market. They also use mergers, partnerships, acquisitions, and collaborations to gain a niche in the market.

Some recent key market developments are as follows:-

In November 2021, Central McGowan acquired Preferred Welder Sales. Before this, the organization acquired Fessler Carbonic Gas in Des Moines in March, followed by Metro Welding Supply in April of the same year. These three acquisitions helped the organization bolster its competitive position in the market.
In December 2022, ASCO CARBON DIOXIDE LTD. launched a refilling system for dry ice pellets. Dosing dry ice pallets into small containers by maintaining high precision and accuracy was possible due to this system. Hence, this gave a competitive niche to the organization.

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Top Key Players

Polar Ice Ltd
Continental Carbonic Products, Inc.
SICGIL India Limited
Linde plc
Air Liquide
Tripti Dry Ice Co.
Dry Ice UK Limited
Central McGowan
Thomas Scientific
Merck KGaA

More Valuable Insights Available

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

The subject market is segmented by Type (Dry Ice Pellets, Dry Ice Blocks, and Other Dry Ice Types) and Application (Dry Ice for Food & Beverages, Dry Ice for Storage & Transportation, Dry Ice for Healthcare, Dry Ice for Industrial Cleaning, and Dry Ice for Other Applications).

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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Glass Fiber Reinforced Plastic Composites Market Projected to Hit USD 41.53 Billion by 2033, with a CAGR of 8.4% | FMI Reports

The glass fiber reinforced plastic (GFRP) composites market is poised for substantial growth, expected to reach a valuation of USD 18.54 billion in 2023 and expand to USD 41.53 billion by 2033, reflecting a robust CAGR of 8.4% over the forecast period.

The increasing demand for durable, flexible, and high-quality products is a key driver behind the adoption of GFRP composites. Industries such as electronics, automotive, and construction are witnessing heightened demand for these materials. In the automotive sector, for example, manufacturers are focusing on lightweight devices and equipment to enhance fuel efficiency, thereby boosting the GFRP composites market.

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Additionally, there is a growing preference for renewable energy sources and heightened environmental concerns, which are further propelling market growth. The use of GFRP composites pipes in industries like oil, chemicals, and marine for liquid transfer and enhanced strength is creating new opportunities in the market. Innovations in lightweight vehicles such as electric cars and SUVs are also contributing to market expansion.

Advancements in molding technology, the introduction of advanced products, and increased piping activities are further bolstering market opportunities. Government initiatives and the growing number of investors in the sector are also facilitating market growth. In regions like China, the rapid expansion of wind energy projects is driving significant adoption of glass fiber reinforced plastic (GFRP) composites.

Overall, the GFRP composites market is poised to capitalize on these factors to achieve substantial growth in the coming years.

Key Takeaways:

The glass fiber reinforced plastic (GFRP) composites market is expected to have a valuation of US$ 41.53 billion by 2033.
With a CAGR of 8.4%, the global market is increasing from 2022 to 2033.
The United States glass fiber reinforced plastic (GFRP) composites market is leading the global market, with registering a maximum share through 2033.
The market secured a CAGR of 8.0% in the historical period between 2017 and 2022.
The market captured a valuation of US$ 17.81 billion in the historical period.

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Who is winning?

The prominent players are launching their innovative products as per end-users’ requirements. Apart from it, they are investing a huge amount in research and development activities to produce innovative and easy-to-use equipment with the latest technology. The players are setting their goals by adopting better technology, apart from traditional and complicated methods.

The key vendors built several marketing tactics to enhance the market position in the international market. Their marketing strategies are collaborations, mergers, product launches, partnerships, and acquisitions.

Recent Developments in the Glass Fiber Reinforced Plastic (GFRP) Composites Market:

In March 2020, Saint Gobain invested INR 500Cr to start manufacturing in India. The company motto provides services for window lines, float glass, and others.
In July 2017, Owens Corning acquired Aslan FRP, a United-based company, to advance its portfolio in making infrastructure, including roads, tunnels, buildings, and marine.

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Key Players Working in the Market are:

Johns Manville,
BGF Industries
Asahi Glass Company Limited
Advanced Glassfiber Yarns LLC
Chomarat Group
Jushi Group Co. Ltd
Taishan Fiberglass Inc
Owens Corning, PPG Industries Inc
Binani 3B-The Fibreglass Company
Saertex Group
Chongqing Polycomp International Corp
Saint-Gobain Vetrotex
Nitto Boseki Co. Ltd
Nippon Sheet Glass Co. Ltd

Glass Fiber Reinforced Plastic (GFRP) Composites Market Segmentation by Category

By Resin Type:

Thermoplastic
Polyurethane
Polyester
Epoxy
Vinyl Ester
Others

By End User:

Transportation
Renewable Energy
Electric & Electronics
Military & Defence
Telecommunication
Building & Construction
Others

By Manufacturing Process:

Injection Molding
Filaments
Compression Molding
RTM & VARTM
Layup
Others

About Future Market Insights (FMI)

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

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Fiber Cement Board Market to Reach USD 16,890 Million by 2033 with a CAGR of 4.4% | FMI Reports

The global fiber cement board market is poised for substantial growth, projected to increase from USD 10,980.6 million in 2023 to USD 16,890 million by 2033, with a steady CAGR of 4.4% over the coming decade.

This growth is driven by rising demand for high-performance fiber cement board solutions in the construction industry. These boards are favored for their cost-effectiveness, ease of transportation, and minimal labor requirements, enhancing their adoption.

Sales of fiber cement boards are expected to flourish particularly in developing economies where investment in residential housing projects is on the rise. Initiatives like India’s Pradhan Mantri Awas Yojana-Urban (PMAY-U) “Housing for All” Mission, scheduled to continue until December 2024, are set to bolster the residential construction sector significantly.

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The Indian government’s focus on completing major infrastructure projects ahead of the 2024 elections is further driving infrastructure development in the country, presenting lucrative opportunities for fiber cement board manufacturers.

Additionally, the expansion of the commercial sector, encompassing hospitality, retail, office buildings, and other commercial structures, is contributing to the growing demand for fiber cement boards. The tourism sector’s expansion is also expected to create new avenues for construction, further stimulating market growth.

“Soaring investments in housing and infrastructural projects, especially in developing countries, are creating multiple opportunities for the producers of construction materials like fiber cement board. With these emerging opportunities, key players are focusing on enhancing their product portfolio by taking into account the valuable insights from their customers. This strategy is predicted to give them leverage over their competitors,”- says FMI analyst.

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Key Takeaways from the Fiber Cement Board Market Report:

In 2022, the fiber cement board market attained a value of US$ 10,520 million.
Based on end use, the commercial segment is expected to obtain a 32.10% market share in 2023.
Portland cement is predicted to acquire a market value of 78.10% in 2023.
China and India are assessed to expand at significant CAGRs of 5.1% and 5.3% through 2033.
Japan is predicted to exhibit a growth rate of 2.7% CAGR over the forecast period.
Germany and the United Kingdom are predicted to register CAGRs of 1.8% and 2%, respectively.
The United States market is projected to record a CAGR of 2.3% through 2033.

Developments Taking Place in the Fiber Cement Board Market

Key players in the market are offering innovative products to raise the bar higher for their competitors. For instance, Buildrite Construction Chemicals, a prominent construction chemical player in the Philippines, introduced eight new and inventive products at WorldBex 2023. Among these products is Tofil 807 and 808, which is a drywall finishing system that is equipped with anti-crack technology. This product is suggested for gypsum boards and fiber cement boards to eliminate the issue of cracking joints.

Active market participants are offering innovative fiber cement boards, consisting of a range of exterior and interior systems like throughwall systems, partitions, and ceilings. With such elaborate offerings, players are focusing their efforts on providing premium quality solutions offering long-lasting beauty and trusted protection.

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Key Players in the Fiber Cement Board Market

James Hardie Industries PLC
Etex Group NV
Cembrit
Mahaphant Fibre Cement Co., Ltd.
Elementia
S.A.B de C.V.
Everest Industries
Saint-Gobain
Hume Cemboard Industries
Nichiha Corporation
Soben board Everest

Key Segmentation

By Raw Material:

Portland cement
Silica

By Application:

Commercial Buildings
Residential Buildings

By End Use:

Residential
Commercial
Industrial

About Future Market Insights (FMI)

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

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Global Instrument Cleaners & Detergents Market Witnesses Unprecedented Growth, Projected to Reach USD 3.2 Billion by 2033

The global instrument cleaners & detergents market is experiencing an unprecedented surge, with a valuation of USD 2.1 billion in 2022, according to the latest findings by Future Market Insights. The report forecasts a robust Compound Annual Growth Rate (CAGR) of 4.0%, propelling the market towards an estimated valuation of USD 3.2 billion by the year 2033.

The comprehensive study highlights a notable shift towards detergents, which are projected to dominate the market landscape. In 2023, detergents are expected to capture a substantial share of approximately 73.3%. This surge in demand for detergents underscores the increasing need for efficient cleaning solutions across various industries reliant on precision instruments.

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The rise in the use of precision instruments in healthcare, pharmaceuticals, and laboratories has driven the demand for high-quality cleaning agents to maintain instrument integrity and performance. Detergents, known for their superior cleaning efficacy and versatility, have become the preferred choice, significantly contributing to the market’s growth trajectory.

Future Market Insights’ report emphasizes the growing adoption of advanced cleaning solutions as a critical factor in ensuring the longevity and functionality of precision instruments. With industries placing a premium on hygiene and operational efficiency, the instrument cleaners & detergents market is poised for sustained growth.

Key Takeaways from Instrument Cleaners & Detergents Industry Study:

The global market is expected to reach USD 3.2 billion by 2033, growing at a steady CAGR of 4.0% from 2023.
Detergents currently dominate the market, holding a share of over 73.3% in 2023.

Driving Factors:

Rising healthcare demand: Increasing surgical procedures, endoscopic interventions, and awareness of infection control in healthcare settings are fueling the need for effective cleaning solutions.
Chronic disease prevalence: Growing rates of chronic diseases like cancer and heart ailments lead to more surgeries and medical interventions, boosting the market.
Focus on food safety: Stringent regulations and emphasis on hygiene in food processing industries drive the demand for instrument cleaners for equipment sanitation.
Scientific advancements: Advancements in research require specialized cleaning agents for laboratory instruments, contributing to market growth.

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Market Trends:

Enzymatic detergents: Gaining popularity due to their effectiveness in removing organic matter and biological contaminants.
Sustainability focus: Eco-friendly and biodegradable cleaning solutions are increasingly sought after.
Automation: Automated cleaning systems are gaining traction, driven by efficiency and improved hygiene standards.
Regional growth: Asia Pacific and Latin America are expected to witness significant market expansion due to rising healthcare awareness and investments.

Who is winning?

Some of the leading players operating in the market are concentrating on rising acquisitions at territorial levels. The pattern is mainly seen across Europe and North America. Acquisitions offer organizations the scope to expand portfolio. It is therefore one of the key strategies adopted by the market players to strengthen their footprint. For instance:

In, January 2021, STERIS Plc and Cantel Medical Corp announced that STERIS has signed a definitive agreement to acquire Cantel, through a U.S. subsidiary. Cantel is a global provider of infection-prevention products and services, primarily to endoscopy and dental Customers.
In December 2020, CANTEL MEDICAL CORP. and Censis Technologies announced a new long-term partnership to combine Cantel’s leading infection-prevention endoscope reprocessing workflow portfolio with the surgical asset management and instrument tracking solutions from Censis.

Key Companies Profiled:

Metrex Research, LLC
Ruhof Corporation
Case Medical, Inc.
Certol International LLC
ORO Clean Chemie AG
Medalkan
STERIS Plc
Getinge Group
Ecolab Inc.

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Instrument Cleaners & Detergents Industry by Category:

By Product Type:

Cleaners
Liquid Solutions
Foam-based Cleaners
Gel-based Cleaners

By Process Type:

Presoak
Manual cleaning
Automatic Cleaning
Disinfection

By Instrument Type:

Surgical instruments
Endoscopes
Ultrasound
Dental Instruments
Others

By End User:

Hospitals
Ambulatory Surgical Centers
Diagnostic Centers
Specialty Clinics
Others

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 over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Global Biological and Chemical Indicators Market Set to Achieve Remarkable Growth, Projected to Reach USD 866.9 Million by 2033

The global biological and chemical indicators market is on the cusp of significant expansion, with market research indicating a projected value of USD 490.3 million in 2023. This upward trend is forecasted to continue with a robust Compound Annual Growth Rate (CAGR) of 5.9% throughout the forecast period, positioning the market to surpass a valuation of USD 866.9 million by 2033.

The driving force behind this exceptional growth is the increasing emphasis on patient safety and infection control within the healthcare sector. As healthcare institutions around the world prioritize these critical aspects, the demand for reliable and efficient biological and chemical indicators has surged.

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Biological and chemical indicators are crucial in ensuring the sterility of medical devices and environments, playing a pivotal role in safeguarding patient health. The growing awareness and stringent regulations regarding infection control practices have further fueled the market’s expansion.

Industry experts highlight that the continuous advancements in technology and the development of innovative products are also contributing to the market’s growth. These advancements are enhancing the accuracy and reliability of biological and chemical indicators, making them indispensable tools in the healthcare industry.

The global biological and chemical indicators market is expected to witness substantial opportunities for growth, driven by the rising demand from emerging economies and the ongoing efforts to improve healthcare infrastructure. As the market evolves, key players are focusing on strategic collaborations, product innovations, and expanding their global footprint to capitalize on the burgeoning demand.

Key Takeaways from the Biological and Chemical Indicators Industry:

The biological and chemical indicators industry in the United States is estimated to be worth USD 169.4 million by the end of the forecast period in 2033, with a CAGR of 4.9% between 2023 and 2033.
Germany’s biological and chemical indicators market is expected to be worth USD 20.7 million by 2033, with a CAGR of 3.7% from 2023 to 2033.
The United Kingdom biological and chemical indicators industry is projected to be worth USD 19.5 million by 2033, with a CAGR of 6.0% during the forecast period.
The Chinese biological and chemical indicators market is expected to reach USD 32.7 million by 2033, with a CAGR of 5.3% during the forecast period.
In 2022, India biological and chemical indicators industry was predicted to capture a share of 72.0%.
The thermal sterilization segment is expected to have the biggest market share of 69.4% in 2022. The segment is expected to grow at a 6.9% CAGR over the forecast period.
Biological indicators are expected to lead the market by indicator class, accounting for 85.8% of total market revenue in 2022.
Self-Contained BI is expected to have the largest share of 42.0% in 2022.
In terms of revenue, the biopharma industry is expected to account for about half of the global market in 2022.

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Unveiling the Secret Sauce: A Close Look at the Battle for Dominance in the Biological and Chemical Indicators Industry:

The biological and chemical indicators industry is highly competitive, with a wide range of players vying for market share. Companies operating in this industry are constantly innovating to improve their products and services to meet the growing demand for personalized medicines and diagnostic tools.

One major trend in the industry is the development of advanced technologies for biological and chemical indicators. Leading players are investing heavily in research and development to create more accurate and efficient indicators that can better diagnose and treat diseases. This has led to a proliferation of new products and services, which in turn has increased competition.

In terms of market share, some of the key players in the industry include 3M Company, Mesa Laboratories Inc., Steris plc, Getinge AB, and TSO3 Inc. These companies have established themselves as leaders in the industry by offering innovative products and services, investing in research and development, and maintaining strong customer relationships.

One notable strategy that companies are using to thrive in this industry is partnerships and collaborations. Companies are partnering with academic institutions, research organizations, and other companies to develop new products and technologies. For example, Mesa Laboratories Inc. has collaborated with the University of Colorado to develop advanced sterilization products.

Another strategy that companies are using to stay ahead of the competition is mergers and acquisitions. In recent years, there has been a trend of consolidation in the industry, with larger companies acquiring smaller ones to expand their market share and product offerings. For example, in 2020, 3M Company acquired Acelity Inc., a company that specializes in advanced wound care products.

Biological and Chemical Indicators Industry by Category:

By Sterilization Type:

Thermal Sterilization
- Steam Heat
- Dry Heat
Chemical Sterilization
- Ethylene Oxide
- Hydrogen Peroxide
- Formaldehyde
Radiation Sterilization

By Indicator Class:

Biological Indicators
- Geobacillus stearothermophilus (GS) Spores
- Bacillus atrophaeus (BA) Spores
- Others
Chemical Indicators
- Class 1 (Process)
- Class 4 (Multi-Variable)
- Class 2 (Specific-Use)
- Class 3 (Single-Variable)
- Class 5 (Integrating)
- Class 6 (Cycle Verification)
Enzyme Indicators

By Packaging Form:

Self-Contained BI
Spore Suspension BI
Strip and Disc BI
Strip and Disc CI
Others

By End User:

Biopharma Industry
Hospitals
Clinics
Ambulatory Surgical Centers
Diagnostic Labs
Research Lab

By Region:

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

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About Future Market Insights (FMI)

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

Contact Us: