US is projected to lead the MRI-Safe Neurostimulation Systems Market by 2032 | FMI

According to FMI Analysts, the global MRI-Safe Neurostimulation systems Market is expected to be valued at US$ 247.5 Million in 2022 and to grow at a CAGR of 15.5% from 2022 to 2032.

Activities of our nervous system can be modulated using invasive or non-invasive methods such as microelectrodes and transcranial magnetic stimulation respectively. This purposeful modulation of activities associated with the nervous system is known as neurostimulation. Neurostimulation, in general, is an electromagnetic approach that could be performed both invasively and non-invasively.

Neurostimulation is carried out to treat chronic neuropathic pain and for modulation of motor function. Major forms of neurostimulation is comprised of brain stimulation, spinal cord stimulation, peripheral nerve stimulation, intracranial stimulation, sensory nerve stimulation and others. Neurostimulators are categorized on the basis of product type as implantable and transcutaneous neurostimulators.

An increase in incidence of patients with implanted neurostimulation systems in their body for the treatment of neurological disorders has been registered over last few years. Neurostimulation systems have variant deigns and inherent functions, owing to which they found variety of problems generated by electromagnetic fields used for performing MRI procedures.

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MRI fields pose a significant threat to spinal cord and brain stimulation systems as it may interact or interfere with the implanted neurostimulation systems. When a MRI is performed, the electric currents induced from MRI machine interacts with the neurostimulators and may cause lead heating, device damage leading to unintentional stimulation, and magnetic pull that may move the implanted neurostimulators within the body thereby causing severe body damage to the patient.

Thus, MRI-safe neurostimulation systems are gaining importance at an increased rate, thus strengthening the sales of MRI-safe neurostimulation systems market. Few year back standard medical surgery or therapy was considered as the standard treatment for treating neurological disorders. However, this standard medical surgery has been replaced with MRI-safe neurostimulators on the account of which growth of MRI-safe neurostimulation systems market has been spurred across the globe.

MRI-Safe implantable neurostimulation systems are minimally invasive and have registered highest success rates and acceptance over medical treatments. MRI-safe neurostimulation devices find application in chronic pain, epilepsy, gastroparesis, hearing loss, obesity, Parkinson’s disease and others.

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Also, U.S. market for implantable neurostimulation systems is poised to register significant growth over the forecast period due to rising incidence of neurological disorders. Introduction of MRI-safe neurostimulation systems allows patients to get their MRI done without any possible side effects. This is further anticipated to drive the demand for MRI-safe neurostimulation systems and thereby increasing revenue generation in MRI-safe neurostimulation systems market.

MRI-Safe Neurostimulation Systems: Market Dynamics

Growing awareness among individuals regarding availability of MRI-safe implantable neurostimulation systems in the market, and less side effects to patient’s body by implanting MRI-safe neurostimulation systems is expected to be the key factor driving the growth of MRI-safe neurostimulation systems market.

Rising geriatric population, growing age-related neurological disorders and need for effective alternatives to standard drug therapy are some other factors propelling the growth of MRI-safe neurostimulation systems market. Also, rise in demand for implantable MRI-safe neurostimulation systems in the clinics and diagnostic centers and increasing expenditure of biotech companies to manufacture MRI-safe neurostimulation systems is further expected to drive the growth of MRI-safe neurostimulation systems market.

However, the high cost associated with implants of MRI-safe neurostimulation systems and limited manufacturers across the globe are some of the factors restraining the MRI-safe neurostimulation systems market growth.

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MRI-Safe Neurostimulation Systems Market: Overview

Based on product type, implantable MRI-safe neurostimulation systems are in major demand over transcutaneous neurostimulation systems in MRI-safe neurostimulation systems market on the account of increased life of the device and reliable treatment results associated with the system type.

On the basis of applications, MRI-safe neurostimulation systems found major applications in deep brain stimulation followed by spinal cord stimulation. Rising prevalence of neurological disorders such as Alzheimer’s disease, autism, chronic pain, chronic migraine due to changing lifestyle and growing geriatric population is one of the factor driving the application of MRI-safe neurostimulation systems in neurological disorders treatment.

Brain stimulation dominates the MRI-safe neurostimulation systems market in application segment. However, the neurostimulators have significant applications in spinal cord stimulation as well as peripheral nerve stimulation and accounts for a significant market share in global MRI-safe neurostimulation systems market.

MRI-Safe Neurostimulation Systems Market: Region-wise Outlook

On the basis of geography, global MRI-safe neurostimulation systems market is segmented into five key regions viz. North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. In North America, U.S. holds the largest shares in the global MRI-safe neurostimulation systems market as the country registers a double growth in number of neurostimulation implants registered over the last decade.

North America is followed by Europe which is the second dominating region in global MRI-safe neurostimulation systems market worldwide on the account of increasing expenditure by key players in neurostimulators manufacture.

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MRI-Safe Neurostimulation Systems Market: Key Players

Some of the key players present in global MRI-safe neurostimulation systems market are Medtronic Inc., Cyberonics, Inc., AADCO Medical Inc., Boston Scientific, Sorin, St. Jude Medical, Biotronik and others

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North America is set to lead the Focused Ultrasound Systems Market growth for the forecast to 2032 | FMI

By 2022, the Focused Ultrasound System Market is expected to be worth US$ 7 billion. Furthermore, due to the increasing prevalence of chronic and infectious diseases, as well as the growing preference for non-invasive treatment methods, total demand for focused ultrasound systems is expected to grow at a strong CAGR of 6.1% between 2022 and 2032, reaching approximately US$ 9.2 billion by 2032.

Focused ultrasound is image guided, non-invasive surgical procedure used for the treatment of brain and various other body parts by targeting the tissues with ultrasonic energy. Various conditions such as Alzheimer’s, uterine fibroids and essential tremor, etc.

The focused ultrasound system is generally used for the tissues which are deep inside the body. The non-invasive nature of the focused ultrasound system to treat various conditions is the vital point of traction in the current as well as future prospect of focused ultrasound system market growth.

Various manufacturers are investing heavily in the research and development for the focused ultrasound system. For example, INSIGHTEC Ltd. Israel based medical device company currently developing a first of it’s kind focused ultrasound system for treatment of Parkinson’s disease and it is in stage three of clinical trials for the FDA approval.

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Focused Ultrasound System Market: Drivers and Restraints

Focused ultrasound system market is majorly driven by the non-invasive and site specific nature of the treatment of various diseases without affecting the surrounding tissues. The treatment with focused ultrasound system requires around 2 to 4 hours only without need of analgesia which in turn further increases patient compliance and ease of treatment procedure fueling the growth of the market.

The reduced time or no time of inpatient stay after treatment with focused ultrasound system further decreases the economic burden of treatment and increasing traction of market growth. By coupling the ultrasound with MRI scanner healthcare professionals can actually see the real time visuals of tissues to be treated hence improving preciseness as well as therapeutic outcome.

Increasing number of clinical trials and increasing spending on research and development by the focused ultrasound system manufacturing companies further expected to drive the growth of focused ultrasound system market. The performance evaluation of the focused ultrasound system for treatment of different diseases further expected to drive the growth of focused ultrasound system market in near future.

Whereas, low product penetration in the middle and low income countries may hamper the potential growth prospect of the focused ultrasound system market.

Focused Ultrasound System Market: Overview

The global focused ultrasound system market is majorly driven by the increasing patient compliance with the non-invasive treatment procedures. By technology, focused ultrasound system market is expected to be dominated by the MR-guided focused ultrasound system segment due to high efficiency as compared to other.

By application, focused ultrasound system market is expected to be dominated by the oncology segment due to high number of procedures. By end user, focused ultrasound system market is expected to be dominated by the hospital segment due to high patient footfall for the treatment.

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Focused Ultrasound System Market: Regional Outlook

The global market is expected to be North America due to high product penetration and high number of procedures. Europe is expected to be second most lucrative focused ultrasound system market due to higher patient preference for non-invasive treatment.

Latin America focused ultrasound system market is expected to experience steady growth due to increasing number of procedures using focused ultrasound system. Asia-Pacific is expected to be the fastest growing focused ultrasound system market due to rapidly improving healthcare infrastructure in the countries such as India and China.

Middle East and Africa is expected to be the least lucrative focused ultrasound system market due to low product penetration and lack of proper healthcare infrastructure in majority of the region.

Focused Ultrasound System Market: Key Players

The key players operating in the global market are: ALPINION MEDICAL SYSTEMS Co., Ltd., INSIGHTEC Ltd., Sonacare Medical, GENERAL ELECTRIC COMPANY, Siemens Ltd., Haifu Medical Technology Co., Ltd., FUS Instruments, MEDSONIC LTD, Mirabilis Medical, Inc., EDAP, and others

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

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Key Segments Profiled in the Focused Ultrasound Systems Market Survey

By Technology:

  • Ultrasound-Guided
  • MR-Guided

By Application:

  • Oncology
  • Neurosurgery
  • Urology
  • Cosmetics
  • Other

By End User:

  • Hospitals
  • Laboratories
  • Specialty Clinics

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Immunostimulants Market is expected to reach US$ 197.6 Billion by 2032 | FMI

According to the most recent industry report from Future Market Insights, the global Immunostimulants Market was valued at more than US$ 102.2 billion in 2021 and is expected to grow at a CAGR of close to 6.2% during the forecast period (2022-2032). In this context, the market in 2022 is expected to be worth US$108.2 billion.

Immunostimulants are drugs that stimulate the immune system by accelerating the activity of immune cells, tissues, and organs and also help the body to fight against sepsis and diseases.

Growing prevalence of autoimmune diseases is fueling the development of immunostimulants. Around 4% of the world’s population is affected by different autoimmune diseases, which also include multiple sclerosis and rheumatoid arthritis. In the U.S., autoimmune diseases represent the third most common chronic disorder.

Further, demand for immunostimulants in countries such as India and China is expected to increase at a considerable pace. Developing economies are refining their healthcare framework, owing to increasing accessibility to resources, and increasing efforts by manufacturers to gain drug approvals for international retail.

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For instance, in November 2021, PharmaEssentia Corporation, a company based in Taiwan, announced that the U.S. Food and Drug Administration (FDA) has approved BESREMi, long-acting interferon for the treatment of adults with polycythemia vera.

“Rising awareness regarding immunostimulants therapy for chronic diseases across emerging economies, along with increasing investments in the pharmaceutical and healthcare sectors will fuel the growth in the market over the forecast period,” says an FMI analyst.

Key Takeaways:

  • Based on product type, demand for vaccines is expected to increase at a 6.4% CAGR over the forecast period.
  • In terms of application, the oncology segment will account for 34.7% of the total market share by 2032.
  • By end user, hospital pharmacies held 34.3% of the total market share in 2021 and the trend is expected to continue over the forecast period.
  • The U.S. accounted for 92.85 of the North America immunostimulants market in 2021.
  • Sales in the Germany immunostimulants market are forecast to increase at a 6.4% CAGR over the assessment period.
  • Demand for immunostimulants in Japan will grow at a 6% CAGR over the forecast period.

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Competition Landscape

Leading players operating in the global immunostimulants market are investing in acquisitions and collaborations to expand their global presence. They are also investing in research and development to improve their product portfolios. Key Players – F. Hoffmann-La Roche Ltd, Merck KGaA, Bayer AG, Biogen Idec, GenSci, Sinovac, BioLegend, Invitrogen, OriGene, Biorbyt, Qilu Pharmaceutical, Shijiazhuang Pharmaceutical, Amgen Inc, Johnson & Johnson, Kyowa Hakko Kirin, Bristol-Myers Squibb, Zydus Cadila, Novartis AG, Pfizer Inc, Amega Biotech, 3Sbio, Biosidus, Nanogen

For instance:

  • In August 2021, Bayer AG acquired Vividion Therapeutics to strengthen its drug discovery platform to meet the high unmet medical needs for immune-related diseases and for oncology.
  • In August 2020, Bristol Myers Squibb collaborated with Dragonfly Therapeutics and announced an exclusive global license for Dragonfly’s IL-12 investigational immunotherapy program.

Key Market Segments Covered in Immunostimulants Industry Research

By Product:

  • Colony Stimulating Factors
  • Interferons
  • Interleukins
  • Vaccines

By Application:

  • Oncology
  • Respiratory
  • Chronic & Autoimmune Disorders
  • Others

By End-User:

  • Hospital Pharmacies
  • Retail Pharmacies
  • Specialty Clinics
  • Online Pharmacies

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Key Companies Profiled:

  • F. Hoffmann-La Roche Ltd
  • Merck KGaA
  • Bayer AG
  • Biogen Idec
  • GenSci
  • Sinovac
  • BioLegend
  • Invitrogen
  • OriGene
  • Biorbyt
  • Qilu Pharmaceutical
  • Shijiazhuang Pharmaceutical
  • Amgen Inc
  • Johnson & Johnson
  • Kyowa Hakko Kirin
  • Bristol-Myers Squibb
  • Zydus Cadila
  • Novartis AG
  • Pfizer Inc
  • Amega Biotech
  • 3Sbio
  • Biosidus
  • Nanogen

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Refinery Catalyst Market Size to Reach US$ 12.36 Billion by 2030 | CAGR of 4.6%

Increasing use of transportation fuel is likely to have a direct impact on the demand for refinery catalyst, according to a recent report published by Future Market Insights (FMI).

Catalytic processes are imperative for the production of transportation fuels such as gasoline, diesel, jet fuel and others from petroleum. Evolving composition of transportation fuel composition requirements to match the environmental regulations and changes in engine design are expected to drive the refinery catalyst market.

Environmental regulations are getting stricter across the world. Considering this, with the need for cleaner emission growing stronger, companies are looking for newer ways to reduce their harmful emissions.

In order to adhere to these stringent rules, the use of cleaner emission fuels is encouraged. This has led to high use of low Sulphur fuels as these cause less damage to the environment. Refinery catalysts play a major role as they are critical in reducing Sulphur from fuels. Owing to these applications, global refinery catalyst market is expected to experience a surge in demand.

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Furthermore, the increasing uses of different catalysts such as Fluidised Catalytic Cracking (FCC) and Hydroprocessing technologies are poised to boost the market growth. The report offers exclusive insights into the market. Some of the key takeaways are highlighted below:

Key Takeaways

  • Asia Pacific is expected to emerge as the most lucrative market for refinery catalysts during the forecast period
  • North America and Europe are likely to exhibit witness substantial growth during forecast period 2022-2030
  • FCC is projected to emerge as the most lucrative product type, however, the hydrotreating segment expected to witness highest growth during the forecast period
  • Zeolites likely to remain the highest used ingredient segment
  • Rising use of transportation fuel to boost growth of global refinery market.

“Regulations encouraging the use of cleaner emission fuels are expected to get more stringent in the near future as concerns over environmental safety is taking precedence globally. Hence the role of refinery catalysts in lowering the Sulphur levels of fuels is expected to gain more prominence, providing huge market potential for manufacturing companies in the industry” said an analyst at FMI.

COVID-19 Impact on Refinery Catalyst Market

COVID-19 pandemic is impacting the global economy since its advent. Refining catalyst market is affected by the impact pandemic had on the petrochemical industries across the world. The pandemic has affected all aspects of business.

With restricted productions and lack of labor due to the social distancing norms, the manufacturing companies are still recovering from the impact. This negative impact is expected to lead to a drop in demand of refinery catalysts in 2020.

As transportation was restricted across worst hit countries for a significant time during the year, the demand took a huge dip. Decelerating growth was recorded as crude oil prices went to an all-time low with negative pricing for the first time.

Additionally, with end-use industries affected in the regions such as Asia Pacific, North America and Europe, a significant drop in year on year growth rate is expected. Although the market has suffered losses, it is expected to pick itself up by the beginning of 2021.

Who is Winning?

Global refinery catalyst market encompasses established players who operate internationally as well as regional players. This has resulted in a highly competitive market. The key strategies adopted by players include strengthening supplier base and improving distributor networks.

Furthermore, product innovations is a key strategy employed by large players to sustain in the market and gain advantage over competitors.  For instance, key player in the global refinery catalyst market, BASF has announced launch of a new fluid catalytic cracking (FCC) catalyst product for gasoil feedstock. It is based on the multiple framework technology (MFT) by BASF.

This new product has confirmed its ability to deliver better economic performance during trials. This is achieved through butylene selectivity, high conversion and coke selective bottoms upgrading in order to increase refiner’s profitability.

Some of the key players in the global refinery catalyst market are Exxon Mobil, Albemarle Corporation, W.R. Grace and Co., Honeywell International Inc., Clariant AG, BASF SE, Axens SA, Haldor Topsoe A/S.

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Get to Know More about Refinery Catalyst Market 

The research report analyzes the total sales of refinery catalyst on the basis of volume (Units) and value (US$ Mn). The market is projected on the basis of factors such as petrochemical industry growth, fuel sales, global GDP growth, industry value added, and government regulations. The scope of the research report includes only new sales of refinery catalyst for OEM. The report offers critical insights into the refinery catalysts market in terms of product type (FCC, reforming, hydrotreating, hydrocracking, isomerization and alkylation), ingredients ( zeolites, metals and chemical compounds), and across 5 key regions (North America, Latin America, Europe, Asia Pacific & Middle East & Africa)

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Feldspar Market– Global Industry Analysis and Deeper Insights | FMI

Future Market Insights (FMI) recently published a detailed business intelligence study on global demand for and application of feldspar in various industries. The study reveals that the global feldspar market size reached around US$ 1.3 Bn in 2018. Robust advancement in construction and development of both commercial and residential sectors are triggering the sales of feldspar, which is widely used in making ceramic tiles. However, recycling of glass and ceramic, mining costs, and volatile logistics are some of the foremost restrains which are expected to hinder the growth of the feldspar market.

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Key Takeaways – Feldspar Market Study

  • The global feldspar market is projected to grow at a CAGR of 5.5% over the forecast period (2019-2029).
  • Europe’s feldspar market accounts for 59% of the global market value, owing to emergence of Germany as one of the top producers of feldspar.
  • Feldspar market in Germany was valued to be US$ 12 Mn in 2018, due to increasing demand for glass and ceramics in global automotive, construction and electronics industries.
  • High growth opportunities are expected in APEJ, owing to rapid expansion of construction industry and increased government investments in infrastructural projects.
  • Stringent environmental regulations on mining of feldspar are expected to hinder the market growth.

An increase in the demand for real estate and revival of the U.S. economy exert the demand for feldspar on the ceramics industry, which will further expand North America’s feldspar market.

Potassium Feldspar to Hold Relatively Large Share

The FMI study finds that potassium feldspar account for higher share than its plagioclase counterpart. Strong global focus on harnessing solar energy is significantly contributing to demand for K-feldspar, which is commonly used in solar glass to produce solar cells. In addition, increasing utilization of post-consumer glass collected via neighborhood and local government recycling programs will continue to intensify competition for raw materials such as feldspar in the manufacturing of glass containers. However, it is imperative to note that the presence of substitutes such as nepheline syenite is projected to negatively impact the demand for feldspar.

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Feldspar Market Remains Highly Consolidated

The global feldspar market is highly consolidate, making it difficult for new companies to enter the marketplace. Some of the major companies dominating the market are Quarzwerke GmbH, I-Minerals Inc., Feldspar Corp., Quartz Corp., Adolf Gottfried Tonwerke GmbH, Imerys S.A., EczacibasiEsan, Granite Rock Company, LB Minerals, SCR-Sibelco NV, U.S. Silica Company, SP Minerals, Pacer Corporation, and Sunminerals.

To stay ahead of pack, manufacturers are targeted towards stronger foothold on the global market along with competitive pricing strategy. These factors played an important role in Quartz Corp’s decision to increase the price of feldspar by 5% to 10%, effective from 1st January 2020. Such strategic move is likely to influence other manufacturers and suppliers to bring high quality products to the market at affordable prices.

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Wood Pellets Market: Top trends driving the industry to reach US$ 26.15 Billion

A recently published study by FMI expects the global demand for wood pellets market to increase at a CAGR of 11% during the forecast period between 2022 and 2032, reaching a total of US$ 26.15 Billion in 2032, according to a report from Future Market Insights (FMI). From 2017 to 2021, sales witnessed significant growth, registering a CAGR of 8%.

Wood pellets form a clean, environmentally beneficial, sustainable, and renewable biomass. The increasing global demand for renewable energy is driving the demand for wood pellets to reduce the usage of fossil fuels that contribute to global warming. This is expected to contribute to the growth of the industry over the forecast period.

Consumers in developed regions such as Europe have greater environmental sentience, which continues to account for their increasing reliance on renewable sources. Bio-based energy sources are gathering impetus in developing countries for electricity generation. The reason is attributed to rising energy consumption and favorable government policies.

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A significant reduction in the emission of greenhouse gasses is increasing the consumption of wood pellets in the industrial sector. Continued innovations in combustion technology are to be accredited for the impressive growth of the wood pellets market.

Key Takeaways from the Market Study

  • North America accounts for the revenue of US$ 200 Million in 2022
  • Europe is projected to account for approximately 78% of the global market share
  • Asia Pacific is projected to account for 11% of the market share
  •  Forest and wood waste derived wood pellets to experience highest uptake, flourishing at a 10.4% CAGR until 2032
  • By end use industry, residential applications to account for a revenue of US$ 3.5 Billion in 2022

“The manufacturers are increasing the availability of self-cleaning systems in wood pellet boilers that require minimal user input. Even though these boilers are gaining popularity, they require frequent maintenance in order to have the highest working proficiency.” says an analyst at FMI. 

Market Competition

Key players in the wood pellets market are Enviva Partners LP, Pinnacle Renewable Energy Inc., Wood Pellet Energy (UK) LTD, Andritz AG, Energex, and Georgia Biomass, LLC.

  • The United Kingdom’s energy company Drax Group PLC announced the acquisition of Canada-based wood pellet producer Pinnacle Renewable Energy Inc. in February 2021. With the addition of Pinnacle’s 11 sites, Drax will own 17 pellet plants and development projects.
  • In April 2021, Enviva, a global renewable energy company specializing in sustainable wood bioenergy, and Mitsui OSK Lines (MOL), a leading international marine transport group, signed an MoU agreement to develop and deploy an environmentally friendly bulk carrier.

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More Insights Available

FMI, in its new offering, presents an unbiased analysis of the global wood pellets market, presenting historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of feedstock (Forest and Wood Waste Resources, Agricultural Residue and Waste, Food Waste, Virgin Lumber, Energy Crops), end-use industry (Residential/Commercial Heating, CHP/District Heating, Co-firing) & region.

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Persulfates Market to grow at a rate of 3.7% by 2033 | Get Customized Reports

The persulfates market is projected to reach US$ 869.7 million in 2023 and grow at a compound annual growth rate (CAGR) of 3.7% from 2023 to 2033. This is a result of increased persulfate usage by significant end-use sectors including electronics and plastics.

The market is expected to be driven by increased persulfate demand in the electronics industry as well as rising consumer preference in the paper, pulp, and textile industries. Electronics, polymers, and other industrial manufacturing processes were motivated by the 2021 laws’ ease of application.

The market for persulfates has grown more rapidly as a result of this. The potential for persulfates to generate revenue in the upcoming years will be driven by the development of the electrical and electronic sectors as well as the improved efficiency of polymers.

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The US electronics market is the largest in the world in terms of size. Due to the utilisation of advanced technology, an increase in the number of R&D facilities, and a growth in consumer demand, it is likely to maintain its position as the market leader during the anticipated timeframe.

As a result, this component will significantly increase market revenue in North America. The development is attributed to the existence of a sizable number of plastic manufacturing industries in nations like China, Indonesia, and Malaysia.

Key Takeaways from Market Study

  • Asia Pacific has emerged as the dominant region, accounting for more than 45.5% of revenue in 2021
  • In 2022, the polymers segment led the market, accounting for more than 51% of total revenue
  • In 2021, the ammonium segment dominated the industry with overall revenue of more than 50.5%
  • Over the forthcoming years, North America is expected to grow at a revenue-based CAGR of 3.8%
  • As reported by the Chemicals and Petrochemicals Manufacturers’ Association (CPMA), polymer production in India was 12.35 million tons in 2020 and 13.54 million tonnes in 2021.

“The market size is attributed to rising persulfate consumption from major end-use industry segments such as polymers and the electronics industry says an analyst at Future Market Insights.

Key Market Players

Key players in the Persulfates market are Evonik Active Oxygens; RheinPerChemie; UI VR Persulfates; MITSUBISHI GAS CHEMICAL COMPANY, INC.; Fujian ZhanHua Chemical Co., Ltd.; Ak-Kim; Yatai Electrochemistry Co. Ltd.; Hebei Jiheng Group; Fujian Jianou Yongsheng Industry; San Yuan Chemical Co., Ltd.

  • Evonik Industries AG announced the successful completion of its procurement of PeroxyChem in February 2020.
  • Calibre Chemicals, an Indian specialty chemicals company, acquired RheinPerChemie GmbH from Evonik in September 2022.
  • Everstone Capital, a Singapore-based firm, announced the acquisition of a majority stake in Calibre, a persulfate producer, in August 2021. With the help of Everstone’s substantial and strategic resources, this collaboration aims to transform Calibre from a family-owned company into a global manufacturer.
  • United Initiator, an international persulfate manufacturer, launched its sodium persulfate plant in Huaibei, China, in October 2019. This new plant has a production capacity of 10,000 tons per year.

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Key Segments Profiled in the Persulfates Market Survey

Persulfates Market by Type:

  • Ammonium
  • Sodium
  • Potassium

Persulfates Market by End Use Industry:

  • Polymers
  • Electronics
  • Pulp, Paper, And Textile
  • Oil & Gas
  • Water Treatment
  • Others

Persulfates Market by Region:

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

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Industrial Gases Market to surpass US$ 518.2 Billion by 2033, Says FMI

The adoption of industrial gases is expected to increase at a CAGR of 16.1% during the forecast period. The industrial gases market size is anticipated to rise from US$ 116.47 Bn in 2023 to US$ 518.2 Bn by 2033.

The market’s growth is mostly the result of the rise of the manufacturing sector in growing economies.

Furthermore, it is projected that the usage of industrial gases would expand in a number of industries, including healthcare, metal and mining, and the production of beverages and food, along with rising industrialization and urbanization.

Additionally, a number of global non-profit organizations, including the European Industrial Gases Association, offer manufacturers professional guidance on the creation, transportation, storage, and use of industrial gases.

The central and state governments have implemented a number of steps to enhance industrial penetration in their various regions, including tax relief, flexible rules, access to resources, and affordable land.

Through 2023-2033, the demand for industrial gases is anticipated to be driven by ongoing investments in significant infrastructure projects and rampant investments in core industrial sectors.

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Key Takeaways from Market Study

  • In 2021, Oxygen had the highest revenue share (28.1%) due to its numerous applications in various industries such as gasification of coal as well as the clean-up of hazardous waste and contaminated water. Oxygen is used widely in the healthcare industry as well.
  • In 2021, the cylinder category had the highest revenue share (37.20%). Gases such as argon, nitrogen, helium, oxygen, and hydrogen can all be compressed into cylinders and distributed at pressures of up to 300 bar with ease.
  • Though the market composition varies by region or geography, bulk gas distribution is a significant component of the industrial gas supply chain, accounting for up to 26% of revenues in 2015.
  • The Healthcare segment held a substantial share of the industrial gases market in 2021 and is expected to grow at a CAGR of 6.3% between 2023 and 2033. Industrial gases have thriving applications in surgical tools, inhalation therapy, anesthetics, and other fields
  • Asia Pacific is expected to grow at the fastest CAGR with a 36.40% revenue share in 2021. End-use sector development and expansion in China, India, South Korea, and Japan can be linked to rising consumption for industrial gases in the Asia Pacific countries.
  • The United States has a promising future in industrial gases market. The region’s expanding healthcare and electronic sectors are likely to aid in the growth of the North American market.
  • GAIL intends to invest in startups that are active in the focus industries, with natural gas, petrochemicals, and energy being the three main industries. 20% of the startup’s overall equity will be the maximum amount of equity that can be invested under this initiative.

Competitive Landscape

Consumer density advantages and rivalry are diminished as a result of the vastly high transportation costs. Some of the factors on which industry participants compete are price, brand image, quality, technology, and distribution network. Local businesses supply multinational corporations in addition to their domestic sales to achieve economies of scale. Due to the large number of market participants, there is intense competition. Businesses may only succeed in this fiercely competitive global market by developing novel, multifunctional products, improving quality, and offering competitive prices.

Some of the Key Players Operating in Industrial Gases Market Include:

  • Yingde Gases Group Company Limited
  • Air Liquide S.A
  • Linde Group
  • Airgas Inc.
  • Messer Group
  • Buzwair Industrial Gases Factories
  • Air Products and Chemicals Inc.
  • Taiyo Nippon Sanso Corporation
  • Air Water Incorporation
  • BASF SE

Latest Developments in the Industrial Gases Market

  • Linde announced in February 2022 that it has secured a long-term contract with BASF for the provision of hydrogen and steam. The capacity of Linde in the chemical park at Chalampé, France, will be essentially doubled by the construction and operation of a new hydrogen production facility. The new BASF hexamethylenediamine (HMD) production facility will be supplied by this plant. In the first half of 2024, the plant is anticipated to come online.

Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global Observability platform market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

The study offers compelling insights based on product type (Bread, Cakes, Pizza Bases, Muffin, Hamburgers, and Other Product Types), Application (Bakery, Confectionary, Restaurant, Household), and Sales Channel (Direct, Indirect) across seven major regions of the world.

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Key Segments Covered in the Industrial Gases Market Report

By Product Type:

  • Oxygen
  • Nitrogen
  • Carbon dioxide
  • Hydrogen
  • Argon
  • Acetylene
  • Others

By Application:

  • Manufacturing
  • Healthcare
  • Food & Beverages
  • Metallurgy & Glass
  • Chemicals & Energy
  • Retail
  • Others

By Distribution:

  • On-site
  • Bulk (Liquid Gas Transport)
  • Cylinder (Merchant)

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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Screen Printing Mesh Market worth US$ 1,100 Million by 2033 at a CAGR of 4.0%

The Screen Printing Mesh Market is expected to grow at a significant rate in the coming years. Screen printing mesh, also known as screen printing fabric or screen printing wire, is a material used in the screen printing process to transfer ink onto a substrate. The mesh is stretched over a frame, and a stencil is applied to the mesh to create the design to be printed. The stencil blocks the mesh in certain areas, allowing ink to pass through the open areas and onto the substrate.

One of the key drivers of the screen printing mesh market is the increasing demand for screen printing in various industries, such as textiles, advertising, and packaging. Screen printing is a versatile and cost-effective method of printing, which is why it is widely used in these industries. Additionally, the growing use of screen printing in digital printing and the development of new technologies, such as electroformed stencils, are also expected to drive the market.

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The screen printing mesh market can be segmented based on type, application, and region. Based on type, the market can be segmented into polyester, nylon, and stainless steel. Polyester is the most commonly used type of screen printing mesh, as it is strong, durable, and has a high level of accuracy. Nylon is also widely used, as it is flexible and has a high level of elongation. Stainless steel is less commonly used, but it is very durable and has a high level of accuracy.

Based on application, the screen printing mesh market can be segmented into textiles, advertising, packaging, electronics, and others. Textiles is the largest application segment, as screen printing is widely used in the textile industry to print designs on fabrics. Advertising and packaging are also significant application segments, as screen printing is used to create signs and labels, as well as to print designs on packaging materials.

The screen printing mesh market can also be segmented based on region, with the market being segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific is the largest market for screen printing mesh, due to the large population and the increasing demand for screen printing in various industries in the region. North America and Europe are also significant markets, as there are many established screen printing companies in these regions.

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Overall, the screen printing mesh market is expected to experience significant growth in the coming years, driven by the increasing demand for screen printing in various industries, as well as the development of new technologies. Companies in the market are focusing on the development of new and advanced products, such as electroformed stencils, to gain a competitive edge.

In conclusion, The screen printing mesh market is expected to grow at a significant rate in the coming years due to the increasing demand for screen printing in various industries, such as textiles, advertising, and packaging. The market can be segmented based on type, application, and region, with Asia Pacific being the largest market. Companies in the market are focusing on the development of new and advanced products, such as electroformed stencils, to gain a competitive edge.

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Screen Printing Mesh Market by Category

By Material :

  • Polyarylate Screen Printing Mesh
  • Polyester Screen Printing Mesh
  • Nylon Screen Printing Mesh
  • Steel Screen Printing Mesh

By Filament :

  • Mono-filament
  • Multi-filament

By Mesh Count :

  • Below 80 TPI
  • 81 – 110 TPI
  • 111-220 TPI
  • 221-305 TPI
  • Above 305 TPI

By Thread Diameter :

  • Below 30 micron
  • 31-60 micron
  • 61-90 micron
  • Above 90 micron

By Substrate :

  • Paper & Paperboard
  • Metal
  • Plastic
  • Fabric
  • Glass

By End-use Industry :

  • Textile
  • Packaging
  • Glass & Ceramics
  • Electronics & Electrical
  • Advertising & Marketing

Germany and Italy together are expected to hold a cumulative share of 40% of total Western Europe heavy duty bags & sacks market

The Heavy Duty Bags & Sacks Market is a rapidly growing market that is driven by the increasing demand for durable and high-quality bags and sacks for a variety of applications. These bags and sacks are made from sturdy materials such as polypropylene, nylon, and polyethylene, and are designed to withstand heavy loads and harsh conditions. They are used in a wide range of industries, including agriculture, construction, mining, and transportation.

One of the major drivers of the Heavy Duty Bags & Sacks Market is the increasing demand for durable and high-quality bags and sacks in the agriculture industry. These bags and sacks are used to store and transport a variety of agricultural products, including grains, fertilizers, and pesticides. They are also used to store feed for livestock. The increasing demand for food and the growing population are major factors driving the demand for these bags and sacks in the agriculture industry.

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The construction industry is also a major driver of the Heavy Duty Bags & Sacks Market. These bags and sacks are used to transport and store a variety of construction materials, including cement, sand, and gravel. They are also used to store and transport waste materials. The increasing construction activities and the growing population are major factors driving the demand for these bags and sacks in the construction industry.

The mining industry is another major driver of the Heavy Duty Bags & Sacks Market. These bags and sacks are used to transport and store a variety of mining materials, including coal, ore, and minerals. They are also used to store and transport waste materials. The increasing demand for minerals and the growing population are major factors driving the demand for these bags and sacks in the mining industry.

The transportation industry is also a major driver of the Heavy Duty Bags & Sacks Market. These bags and sacks are used to transport a variety of goods, including food, clothing, and electronics. They are also used to store and transport waste materials. The increasing demand for goods and the growing population are major factors driving the demand for these bags and sacks in the transportation industry.

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The Heavy Duty Bags & Sacks Market is segmented by product type, application, and region. By product type, the market is segmented into woven bags, non-woven bags, and others. By application, the market is segmented into agriculture, construction, mining, transportation, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

North America is a major market for Heavy Duty Bags & Sacks, driven by the increasing demand for durable and high-quality bags and sacks in the agriculture, construction, mining, and transportation industries. Europe is also a major market for Heavy Duty Bags & Sacks, driven by the increasing demand for durable and high-quality bags and sacks in the agriculture, construction, mining, and transportation industries.

Asia Pacific is a rapidly growing market for Heavy Duty Bags & Sacks, driven by the increasing demand for durable and high-quality bags and sacks in the agriculture, construction, mining, and transportation industries. The increasing population and the growing economy are major factors driving the demand for these bags and sacks in Asia Pacific.

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Latin America is also a rapidly growing market for Heavy Duty Bags & Sacks, driven by the increasing demand for durable and high-quality bags and sacks in the agriculture, construction, mining, and transportation industries. The increasing population and the growing economy are major factors driving the demand for these bags and sacks in Latin America.

Middle East & Africa is a rapidly growing market for Heavy Duty Bags & Sacks, driven by the increasing demand for durable and high-quality bags and sacks in the agriculture

Heavy Duty Bulk Bags & Sacks Market by Category

By Capacity, Heavy Duty Bags & Sacks Market is segmented as:

  • Less than 20 kg
  • 20-40 Kg
  • Above 40 Kg

By Material Type, Heavy Duty Bags & Sacks Market is segmented as:

  • Paper
  • Plastic
  • HDPE
  • LDPE
  • LLDPE
  • PP
  • Polystyrene
  • Others
  • Jute

By Product Type, Heavy Duty Bags & Sacks Market is segmented as:

  • Open Mouth
  • Pasted Valve
  • Gusset Bags
  • Rubble Sacks
  • Woven Sacks
  • Trash Sacks

By End Use, Heavy Duty Bags & Sacks Market is segmented as:

  • Food
  • Agriculture
  • Chemical & Fertilizers
  • Building & Construction
  • Automotive
  • Others

About Us:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:

Future Market Insights Inc.

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Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

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