Market Research Blog – Page 3081 – New Product Development

Global Woodworking Saw Blades Market Surging Towards US$ 68.3 Million Milestone by 2029, Growing with a Steady 4.4% CAGR

The global woodworking circular saw blades market is on track for significant expansion, with a projected Compound Annual Growth Rate (CAGR) of 4.4% from 2022 to 2029. Starting at a valuation of US$ 50.4 million in 2022, the market is steadily progressing towards achieving a substantial worth of US$ 68.3 million by 2029.

The surge in global urbanization and industrialization serves as a key driver, amplifying the demand for circular saw blades within the woodworking industry. As economies worldwide continue their urbanization and industrialization processes, the necessity for precision cutting tools in woodworking applications has witnessed remarkable growth. Circular saw blades have emerged as essential instruments, enhancing operational efficiency and precision across various woodworking processes.

This impressive growth trajectory is supported by insights derived from a comprehensive half-yearly comparative analysis presented by Future Market Insights (FMI). Key findings from the report illuminate the factors propelling this upward trend in the woodworking circular saw blades market, offering valuable perspectives for industry stakeholders and enthusiasts alike.

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Sales via various online platforms are gaining popularity, as these sites allow customers to select products based on their needs. To gain a significant market share, many retailers and distributors are focusing on offering their products through online platforms.

Increased use of furniture in the commercial and residential sectors, as well as the use of wood as a thermal and electrical insulator in the industrial and manufacturing sectors, are expected to boost sales of woodworking circular saw blades, with the timber and wood processing industries performing admirably.

Asia Pacific Offering Lucrative Opportunities for Market Growth:

The demand for woodworking circular saw blades is expected to grow significantly in the coming years, owing to brisk residential and commercial construction activities in Asia Pacific developing countries. During the forecast period, rising demand from the furniture industry is expected to drive saw blade sales.

The growing popularity of wooden furniture and timber for construction in countries such as India, China, and South Korea is expected to drive the growth of the woodworking circular saw blades market.

More Valuable Insights on Woodworking Circular Saw Blades Market:

The research report provides a thorough assessment and future forecasts of the woodworking circular saw blades market on the basis of five primary segments listed as follows: mode of operation, blade type, diameter type, distribution channel, and end-use industry.

The report provides comprehensive information about global market sizing, key market manufacturers, and regional perspective on market. The report also provides important dynamics of the woodworking circular saw blades market. The scope of the research includes woodworking circular saw blades with carbide tips or complete carbide blades utilized in the woodworking industry.

Woodworking Circular Saw Blades Market: Competition Overview

The global woodworking circular saw blades market is fiercely competitive, with a large number of organised and unorganised players active in the global market. The global woodworking circular saw blades market is dominated by Freud Tools, Robert Bosch GmbH, Stanley Black and Decker, and Homag Group. Key players are concentrating on producing diverse blades for efficient performance in various operations.

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Market Segments:

By Mode of Operation:

Woodworking Circular Saw Blades for Stationary Machines
Woodworking Circular Saw Blades for Hand Machines (Power Tools)

By Blade Type:

Framing Blades
Rip-cut Blades
Crosscut Blades
Plywood Cut Blades

By Diameter:

Woodworking Circular Saw Blades Less than 100 mm
Woodworking Circular Saw Blades 100-200 mm
Woodworking Circular Saw Blades 200-300 mm
Woodworking Circular Saw Blades More than 300 mm

By Distribution Channel:

Online Sales of Woodworking Circular Saw Blades
Offline Sales of Woodworking Circular Saw Blades

By End-use Industry:

Timber
Wood Processing
Furniture & Carpentry
DIY

By Region:

North America Woodworking Circular Saw Blades Market
Latin America Woodworking Circular Saw Blades Market
Europe Woodworking Circular Saw Blades Market
East Asia Woodworking Circular Saw Blades Market
South Asia & Pacific Woodworking Circular Saw Blades Market
Middle East & Africa (MEA) Woodworking Circular Saw Blades Market

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Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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:

Nandini Singh Sawlani

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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FMI Analysis Predicts Global Water Treatment System Market to Drive Past US$ 1,28,230 Million Revenue by 2033 Fueled by 6.2% CAGR

The global water treatment system market is poised for substantial growth, with an anticipated revenue of US$ 65,164 million in 2023. Projections by industry experts indicate a steady Compound Annual Growth Rate (CAGR) of 6.2% until 2033, positioning the market to achieve an impressive valuation of US$ 1,28,230 million by the end of the forecast period.

A primary catalyst behind this growth is the increasing investments in municipal water treatment infrastructure. The escalating demand for clean drinking water, driven by rising pollution levels and a rapidly expanding global population, underscores the critical need for advanced water treatment systems. The mounting environmental pressures on water resources further accentuate the necessity for efficient water treatment solutions. This surge in demand reflects the industry’s dedication to addressing environmental challenges and fostering sustainable solutions in the global water treatment landscape.

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The paramount importance of technology and innovation spans across various dimensions of the water industry, encompassing safety, addressing scarcity, utility operations, water efficiency, monitoring, treatment, and data analytics. Market participants are witnessing a heightened interest from businesses and utilities in embracing and testing future-proof technologies.

For instance, the application of remote sensing in water management addresses non-revenue water issues and enhances water accounting, while the Internet of Things (IoT) facilitates water quality control and smart irrigation. When coupled with advanced computing capabilities, IoT empowers industry players to formulate intricate water management models.

Key Takeaways from the Water Treatment System Market Analysis:

Global adoption of water treatment systems projected to escalate at a 6.2% CAGR from 2023 to 2033.
Preliminary treatment systems expected to maintain dominance in revenue, constituting 39.3% of the market share.
Continued prominence of process water/water treatment applications throughout 2033.
Notable investments anticipated in the industrial sector by stakeholders.
East Asia poised to emerge as a focal point for capturing value in the coming years.

Impact of COVID-19 on the Water Treatment System Market:

Amid the COVID-19 pandemic, the significance of frequent handwashing and sanitation has been underscored as crucial measures to prevent contagion. However, UNICEF/WHO estimates that approximately 3 billion people lack access to such facilities. This crisis has highlighted the indispensable connection between clean water and public health, elevating cleanliness standards.

Water treatment systems have emerged as reliable and indispensable elements of societies, playing a pivotal role in safeguarding public health during the global crisis. The initial response of utilities to the pandemic, involving optimized disinfection measures, has been a crucial step in protecting utility workers, preserving receiving water ecosystems, and curbing the potential transmission of the coronavirus.

Confronting these challenges, numerous companies are enhancing existing water treatment facilities in heavily impacted regions, aiming to prevent potential COVID-19 outbreaks in places like community clinics, hospitals, and nursing homes.

Water Treatment System Market – Competitive Landscape:

The global water treatment system market demonstrates a considerable level of consolidation, with key players commanding a substantial share of market revenue. Manufacturers are strategically adopting innovative business models to solidify their market presence. Significant investments are directed towards research and development (R&D) initiatives, aiming to introduce novel designs with enhanced capabilities.

For instance, Arvind Ltd. has initiated the Kaigo initiative, offering water elements and operations & maintenance (O&M) services. This initiative encompasses technologies and products essential for constructing and maintaining efficient wastewater treatment systems. Aquatella has pioneered a 4-stage countertop water filter capable of removing nearly 99% of heavy metals, toxic pathogens, chemicals, and pesticides from drinking water. Pentair plc has broadened its portfolio through the September 2022 acquisition of US-based water treatment equipment firms, Pelican Water Systems and Aquion.

Key Players:

SUEZ SA
Veolia Environment S.A
Ecolab Inc.
Xylem Inc.
Pentair Plc
Evoqua Water Technologies LLC
BWT Aktiengesellschaft
Thermax Global
Voltas Limited
VA Tech Wabag Ltd., among others.

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Water Treatment System Market Segments:

By System Type:

Water Treatment
- Membrane Bio- Reactor (MBR)
- Reverse Osmosis (RO)
- Micro- Filtration (MF)
- Nano/Ultra Filtration (NF/UF)
- Disinfectants (UV, Ozone)

Sludge Treatment
- Activated Sludge
- Sludge Thickening & Dewatering
- Sludge Drying

By Application:

Process Water/Water Treatment
Waste Water Treatment
Zero Liquid Discharge
Desalination

By End Use:

Residential Buildings
Commercial Buildings
Municipality
Industrial
- Chemical & Petrochemicals
- Oil & Gas
- Mining & metals
- Food & Beverage
- Pharmaceuticals
- Semiconductors
- Thermoelectric Power Plants
- Pulp & Paper
- Sugar Mills
- Textiles
- Leather

By Region:

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

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Author:

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Road Marking Equipment Market Value Soars to US$ 2,382.4 million by 2033

According to a Future Market Insights (FMI) report, the global road marking equipment market value totaled US$ 1,347.7 million in 2023. Over the assessment period, global road marking equipment demand is projected to increase at a CAGR of 5.9%, leading to total market valuation reaching US$ 2,382.4 million by 2033.

Truck mounted segment is expected to dominate the road marking equipment industry through 2033. It held a value share of about 80.6% in 2023. On the other hand, the self-propelled segment is forecast to register a CAGR of 5.9% through 2033.

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Customers tend towards machines that can be used for marking with multiple coating materials. For example, STiM’s Kontur 400, which can be used for marking with various materials like paint, thermoplastic, and cold-applied plastic, is gaining popularity among customers.

Road markings will remain critical for all types of guidance systems, including autonomous vehicles. As autonomous cars interact directly with road markings, effective marking installation and maintenance techniques are critical.

Rapid expansion of the aviation sector is another key factor expected to create growth prospects for road marking equipment manufacturers. This is because the aviation sector is witnessing the high adoption of truck-mounted and self-propelled road-marking machines owing to their high functionality and quick operation.

Rise in sporting activities is set to boost the sales of road marking equipment market in the forecast period. This is because these machines are widely used for creating markings in stadiums and other sports facilities.

Another prominent growth driver is the rising focus on improving road safety. Road markings are becoming ideal for enhancing road safety and reducing accidents. For this purpose, contractors employ road marking equipment.

Key Takeaways from the Report:

The global market for road marking equipment is projected to thrive at 9% CAGR through 2033.
By product type, truck mounted segment is expected to total a valuation of US$ 1,922.7 million by 2033.
By application, the road marking segment is set to hold a market share of 6% in 2023.
North America is expected to account for a significant share of about 1% in 2033.
The United States industry value is anticipated to reach US$ 646.8 million by 2033.
China is projected to attain a valuation of US$ 286.5 million by 2033.
Demand in India is predicted to rise at 2% CAGR through 2033.

Competitive Landscape:

Leading manufacturers of road marking equipment profiled in the full version of the report are –

Graco Inc.
M-B Companies
Vogel Traffic Services
Hofmann
MRL Equipment Co.
BORUM A/S
STiM
Nanjing Roadsky Traffic Facility Co., Ltd.
Toyo Nainenki Kogyosha Co., Ltd.
CMC s.r.l
Sibestar s.r.l
ROCOL
Winter Markiertechnik GmbH
RME
Larius S.R.L
United Pavement Marking, Inc.

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The companies are mainly focusing on introducing new advanced road marking solutions to boost their sales. They also use strategies like mergers, collaborations, exhibitions, and partnerships to stay ahead of the competition.

Recent Developments:

In Feb 2020, Hofmann launched new road marking equipment, including the Road Marking Machine H10-2.

More Insights into the Road Marking Equipment Market Report:

In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the global road marking equipment industry, 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, capacity, technology, application, end use, and region.

Road Marking Equipment Market Segmentation Analysis:

By Type:

Manual
Self-propelled
Truck Mounted

By Capacity:

Below 100 L
101 to 250 L
251 to 500 L
501 to 750 L
Above 750 L

By Technology:

Airless
Airspray
Thermoplastic Airspray

By Application:

Road Markings
Parking Lots
Anti-skid Markings
Others

By End Use:

Road Construction Contractors
- Government
- Private
Construction Companies
Airports
Sports Infrastructures

By Region:

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

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Explore Future Market Insights, Inc. Extensive Coverage in Industrial Automation Domain:

The global telecom tower power system market is anticipated to reach US$ 6.4 Billion in 2033, recording a CAGR of 6.9% from 2023 to 2033.

The global power tool gears market is estimated to reach US$ 8.38 Billion in 2030, rising at 5.1% CAGR during forecast period.

The adoption of Benelux power tools market is slated to grow at 4.6% CAGR between 2023 and 2033, totalling a valuation of US$ 1.711 Billion by 2033.

The switchgear market is projected to expand at a 5.3% CAGR from an estimated US$ 4,828.4 Million in 2023 to US$ 7,685.3 Million by 2033.

The global India power tool market is expected to reach a market valuation of US$ 13306.41 Million by 2032, accelerating with a CAGR of 8.9% by 2022 to 2032.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Global Produced Water Treatment Systems Market Valuation Expected to Surge Beyond US$ 8.41 Billion by 2034, Driven by an Average 5.72% CAGR

The produced water treatment systems market is forecasted to achieve remarkable growth, with a projected Compound Annual Growth Rate (CAGR) of 5.72% from 2024 to 2034, resulting in a valuation exceeding US$ 8.41 billion. Presently valued at approximately US$ 4.55 billion in 2023, this substantial upward trend is primarily driven by the escalating global activities within the oil and gas sector.

A significant driver behind this notable growth is the influential role of North America, emerging as a regional leader in the dynamic landscape of produced water treatment systems. In 2022, North America is poised to dominate with the largest market share, capturing an impressive 31.4%.

Several factors contribute to the region’s prominence in this domain. Foremost among these factors is North America’s robust ecosystem of leading oil and gas enterprises, positioning it as a hub for industry innovation and substantial investments. These entities actively propel advancements in produced water treatment technologies, driven by a commitment to addressing environmental concerns and meeting increasingly stringent regulatory mandates. This steadfast commitment underscores North America’s pivotal contribution to shaping the trajectory of the produced water treatment systems market.

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The global market for produced water treatment systems is being driven by a combination of factors, including the escalation of government regulations pertaining to the discharge of produced water and the growing concerns about water scarcity.

Among the various tertiary treatment methods available for produced water, reverse osmosis stands out due to its remarkable efficiency in removing bacteria, ions, and a diverse range of particles.

Furthermore, the implementation of rigorous regulations aimed at curbing the environmentally harmful release of produced water has exerted a positive influence on the expansion of the produced water treatment systems market. As a response to these regulations, oil and gas companies are increasingly adopting water treatment systems to align with compliance requirements.

Key Observations:

Robust Adoption of Produced Water Treatment Facilities Driving Growth in the US.
Increasing Water Scarcity Driving Demand in the UK.
Produced Water Treatment Systems in High Demand Across Upstream Oil and Gas Sector.
Compact 100-500 Capacity Systems Gaining Popularity for Produced Water Treatment.
Prominence of Reverse Osmosis Water Filter Systems Establishing Them as Standard Method for Produced Water Treatment.
Elevated Onshore Oil and Gas Operations Boosting Demand for Enhanced Water Treatment Systems.

Competitive Scenario:

The landscape of the produced water treatment systems market is marked by intense competition, with leading players actively enhancing their product offerings. These companies have adopted a mix of organic and inorganic strategies, including partnerships, advanced product launches, collaborations, and acquisitions, to establish dominance in the market. Notable instances include:

Heartland Technology’s Collaboration with Power-On-Demand: In March 2021, Heartland Technology partnered with Power-On-Demand, a provider of oil and gas cogeneration solutions. This collaboration aimed to deliver innovative power-water solutions to the energy industry, generating cleaner on-site power with reduced greenhouse gas emissions. This partnership also offered cost-effective solutions for produced water disposal and reuse.
GE’s Introduction of ZeeWeed 700B: In May 2016, GE unveiled a novel water treatment technology called ZeeWeed 700B, tailored for the offshore oil and gas industry. This technology contributed to enhanced water treatment capabilities for offshore operations.
Ovivo Inc.’s Investment in Silicon Carbide Membranes: In November 2021, Ovivo Inc., a global water and wastewater treatment solutions provider, invested over US$ 25 million to establish a cutting-edge facility in the United States. The facility was dedicated to producing Cembrane’s patented Silicon Carbide flat sheet membranes, reinforcing advanced water treatment technologies.
Veolia Water Technologies’ Launch of TERION: In July 2020, Veolia Water Technologies introduced TERION, a standard single-skid unit combining single-pass reverse osmosis and continuous electro-deionization. This innovation aimed to produce high-grade deionized water catering to laboratory, power, and general industrial needs.

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Key Industry Leaders:

Siemens Water Technologies
Alderley plc
Frames
Aker Solutions
Aquatech
Schlumberger
FMC Technologies
Veolia
Cetco
Eco-Tec
Thermoenergy
Ecosphere
MIOX
Ovivo
Global Water Engineering

Market Segmentation:

Capacity (thousand bl/day):

Less than 100
100 to 500
Above 500

Technology:

Primary
Secondary
Tertiary

Application:

On Shore
Off Shore

Region:

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

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Author:

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

FMI Predicts Global Vibrating Screen Market Projected to Surpass Valuation of US$ 2.3 Billion by 2029, Fueled by an Impressive 7.6% CAGR

The global vibrating screen market is positioned for significant growth, with projected sales exceeding US$ 1.37 billion in 2022. This initial phase sets the stage for a sustained growth trajectory, fueled by a robust compound annual growth rate (CAGR) of 7.6%. By 2029, the market is anticipated to achieve a substantial valuation of US$ 2.3 billion.

This notable upsurge is attributed to various factors, with a significant contributor being the increasing adoption of vibrating screens made from polyurethane materials. Renowned for their efficiency in gold, iron ore, and coal processing operations, these screens demonstrate remarkable effectiveness in segregating diverse minerals from granular materials and coarse stones. Their versatility positions them as invaluable assets in both wet and dry material processing applications, thereby further driving the market’s impressive trajectory.

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The increased use of vibrating screens made of polyurethane materials in gold, iron ore, and coal processing activities is expected to drive market growth. These products can separate various minerals from granular materials or coarse stones, making them suitable for both wet and dry materials.

Polyurethane screen sales are expected to increase due to their high durability in a variety of industries, including cherry-picking, iron and steel production, recycling, construction aggregate, and wood processing.

Upswing in mining processes to suffice the requirement for precious metals and hard rock minerals as well as in construction activities to build infrastructure assets is the messiah of pain points of the global vibrating screen market, suggests FMI. On the contrary, the growth trail will get hindered by tumbling mining operations on grounds of environmental amendments to curb carbon footprint and high attrition rate among miners due to on-site adversaries.

Demand for Circular Vibrating Screens in Mining Industry to See an Upturn:

Circular vibrating screens are inundating more than half of the market revenues, as per FMI’s study. The mining industry, including coal mines, and quarrying sites, is leveraging circular vibrating screens owing to their ability to classify materials with large specific gravity, large particles and great rigidity. The exciter of circular vibrating screens is mounted above the center of gravity of the screen box and the upper tip of elliptical long axis of the feeding end is positioned towards the leakage direction, which results in higher processing capacity per unit time than that of its linear counterpart.

On the flip side, the complexity of shakers and fast-rate rotation of the two shafts in linear vibrating screens imply high fueling demands. Further, the FMI’s study finds that linear vibrating screens are chiefly utilized for classification of fine particles, light weight, and low stiffness materials, making them suitable for industries such as, building materials, chemical, and pharmaceutical.

Manufacturers showing Stauncher Inclination toward Direct Drive System:

As per the FMI’ report, adoption of direct drive system in vibrating screen accounts for more than 50% of the market revenues owing to the absence of gearboxes and belts in the design, which results in lesser wear and tear between the components. The direct drive system is cost-efficient as the moving parts in the operation and framework are less complicated. For noise abatement, the direct drive system comes up with simple arrangement and lesser moving components which may vibrate during mechanism.

Key Players Profiled:

Terex Corporation
Haulotte Group
Oshkosh Corporation
Linamar Corporation
Tadano Ltd
Aichi Corporation
MEC Aerial Work Platforms
Palfinger AG
Hunan Sinoboom Heavy Industries Co. Ltd.
Zheijiang Dingli Machinery Co. Ltd.
Manitou Group
Mantall Heavy Industry Co. Ltd.
Nobleleift Intelligent Equipment Co. Ltd.
IMER International SpA
J C Bamford Excavators Limited

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Market Segments Covered:

Product Type:

Linear Vibrating Screens
Circular Vibrating Screens
Elliptical Vibrating Screens

Drive Type:

Direct Drive
Indirect Drive

End-use Industry:

Construction
Mining
Recycling
Others (Iron & Steel, Power, etc.)

Region:

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

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Author:

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Coffee Ground Market Forecast: US$ 1,772.80 Million Valuation Projected by 2034

The coffee grounds market is estimated to be worth US$ 639.9 million in 2024. Production of coffee grounds is tied up with the production of coffee and the demand for the product too is amplifying with the greater number of younger people indulging in the drink. The need to manage and recycle coffee waste is also raising the profile of coffee grounds.

Through the year 2034, coffee grounds demand is set to progress at a CAGR of 10.7%. The market’s growth over the coming years is attributed to the use of coffee grounds in industries such as agriculture and cosmetics. Household use of coffee grounds, to improve the smells of residences or to get rid of fleas in pets, is also marked as a significant improver of demand.

By 2034, it is forecasted that the market value will have reached US$ 1,772.80 million. Trends of recyclable and compostable materials finding more acceptance among consumers are seeing value being added to the coffee grounds market. Surging want for biofuels is also penned in to fuel market growth.

The lack of knowledge among consumers is still seeing a sizable portion of coffee grounds being discarded into the waste heaps, thus limiting the growth of the market. However, social media highlighting the uses of coffee grounds is counteracting this limitation.

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Key Takeaways from the Coffee Grounds Market

The coffee grounds market is anticipated to be US$ 639.9 million in value in 2024.
Arabica coffee grounds top the product type segment in the market. For 2024, arabica coffee grounds are expected to account for 66.0% of the market share.
Agriculture sector makes predominant use of coffee grounds. For 2024, the agriculture sector is anticipated to account for 35.5% of the market share.
China is a promising country for the market. The CAGR for China over the forecast period is forecasted to be 11.6%.
Japan is a country poised to be lucrative for the market. For the 2024 to 2034 period, the CAGR for Japan is pegged at 10.0%.
The market is expected to register a CAGR of 8.7% in Germany over the forecast period.

“By making coffee grounds more widely available, through the means of bundling them with other coffee products, market players are coasting the wave of coffee grounds popularity. Thus, both industrial and household application of coffee grounds is making the market lucrative,” says an analyst at FMI.

Competition Analysis of Coffee Grounds Market

Coffee sector giants are launching coffee grounds as a way to take up the opportunities in the market. Collaborative strategies are being adopted by market players to expand their footprint in the landscape. Some of the prominent companies in the market include Death Wish Coffee Company, Folgers Coffee, Hills Bros. Coffee, and Kicking Horse Coffee.

Key Companies in the Coffee Grounds Market

Death Wish Coffee Company
Folgers Coffee
Hills Bros. Coffee
Kicking Horse Coffee
Peet’s Coffee
Red Thread
Royal Kona
Starbucks Corporation
The Kraft Heinz Company
UCC

Recent Developments in the Coffee Grounds Market

In May 2022, Kaffeeform launched a coffee cup made from coffee grounds, called the Weducer Cup Refined.
In September 2022, Nivea’s face cream containing coffee grounds was launched as part of its Naturally Good range.

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Key Segments

By Product Type:

Arabica
Robusta
Others (Liberica, Excelsa)

By End Use:

Food & Beverage
Agriculture
Cosmetic & Personal Care
Insecticides & Pesticides
Biofuel

By Region:

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

About Future Market Insights (FMI)

Contact FMI:

Nandini Singh Sawlani
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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Polyol Sweetener Market Projected to Hit US$ 8,213.4 Million by 2034 | FMI

The worldwide polyol sweeteners market is expected to grow positively from US$ 4,100 million in 2023 to US$ 4,317.3 million in 2024. Moreover, the polyol sweetener market is anticipated to develop at a CAGR of 7.19% and reach a valuation of US$ 8,213.4 million by 2034.

The polyol sweeteners industry is witnessing growth due to factors such as the increasing adoption of low-calorie diets across the globe. Secondly, there is a growing trend toward using artificial sugar substitutes. This is evolving the industry to dive in new directions as manufacturers strive to meet the changing needs of consumers. As a result, we can expect to see continued growth in the polyol sweeteners industry in the coming years.

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Polyols, hard-to-digest carbohydrates, offer health benefits and are sweet without affecting blood sugar or tooth decay. The demand for sugar-free diets is expected to rise in the next decade. Polyol sweeteners have high spreading potential and lower dental decay in over-the-counter drugs. The market for polyol sweeteners can be divided into fluid and powder segments, with powder-state polyol sweeteners expected to remain dominant and in high demand.

Governments and consumers worldwide focus on reducing sugar intake to combat diabetes and obesity, using sweeteners to reduce calorie and sugar intake. Sugar levies and controls have led to growth in the sector as manufacturers comply with regulations.

The growing use of sugar alternatives, healthy diets, organic foods, lower calorie consumption, and natural components in nutritional supplements, pharmaceuticals, and cosmetics, as well as healthcare trends, health education, and lifestyle changes, are driving the global market for polyol sweeteners.

Lead Analyst states, “The significant increase in demand for sugar-free and low-calorie goods, as well as increased consumer awareness of health and wellness and growing worries about obesity and diabetes, are all contributing factors to the expansion. Furthermore, it is anticipated that the worldwide market for polyol sweeteners will continue to be competitive and expand as producers make research and development investments to create cutting-edge goods that meet shifting customer demands and market trends.”

Key Takeaways from the Polyol Sweetener Market:

The United States sugar substitute polyols market is increasing at a CAGR of 3.4%.
China’s diabetic-friendly sweeteners market is projected to evolve at a CAGR of 5.4% until 2034.
During the forecast period, Germany’s Polyol-based food products market is expected to achieve a CAGR of 2.5%.
Japan low-calorie sweeteners market is anticipated to expand at a CAGR of 4.4% over the projected period.
The market for polyol Sweeteners in Australia is likely to capture a 6.5% CAGR through 2034.

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Key Strategies:

The worldwide polyol sweetener market is expected to expand due to industry players’ spending on research and development, new product launches, contracts, mergers and acquisitions, effective investments, and collaboration with other companies. To survive in a cutthroat market, the industry must provide fair-quality goods and produce sugar polyols locally to save expenses. Manufacturers help customers and expand the market sector by employing this cutting-edge marketing strategy.

Recent Developments:

Gulshan Polyols Ltd. was given a contract in December 2023 to supply ethanol and polyol replacements for ethanol processing to oil marketing businesses.
NutraSweet launched Reb M+ stevia leaf extract in October 2023, a low-calorie, natural sweetener that can be coupled with polyols, underlining the trend of mixing multiple sweeteners for maximum functioning and flavor.

Key Companies in the Polyol Sweetener Market

Cargill, Inc., Sweeteners plus, LLC, Fooding Group, Zibo Shuohui Chemical Co Ltd, Splenda, Truvia, Stevi0cal, Sweet sante, B Food Science Co., Ltd., Gulshan Polyols Ltd., Ingredion Inc., Roquette Frères, PT. Ecogreen Oleochemicals, Mitsubishi Corporation Life Sciences Ltd., Tereos, SPI Pharma, HYET Sweet, Jungbunzlauer Suisse AG, DFI Corp., Sukhjit Starch & Chemicals Ltd., Zhejiang Huakang Pharmaceutical Co., Ltd., Shandong Futaste Co., Dancheng Caixin Sugar Industry Co. Ltd., Shijiazhuang Huaxu Pharmaceutical Co., Ltd., DuPont Nutrition & Health (Danisco), zuChem, Zibo Shunda Biotech Co., Ltd., Hylen Co., Ltd., BENEO GmbH, Foodchem International Corp.

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Market Segmentation

By Type:

Sorbitol
Erythritol
Maltitol
Mannitol
Isomalt
Xylitol
Others

By Form:

Powder
Crystal
Liquid
Syrup

By Application:

Bakery
Confectionery
Beverages
Dairy
Oral Care
Pharmaceuticals
Others

By Region:

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

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Global CBD Oil Market Envisions 31% CAGR Evolution from 2023 to 2033 | FMI

As per the latest market research conducted by FMI, the global CBD oil market is expected to record a CAGR of 31% from 2023 to 2033. In 2023, the market size is projected to reach a valuation of US$ 389 million. By 2033, the valuation is anticipated to reach US$ 5,980.6 million.

The primary reasons propelling the market’s growth include rising demand and expanding legalization of cannabis, emerging applications of cannabis in cancer treatment, and the health advantages provided by products infused with cannabis. In the upcoming years, there are likely to be considerable development prospects for market participants due to the inclusion of cannabis in pet food and the rising demand for beverages with cannabis flavoring.

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Cannabis is also the illicit substance that is grown, transported, and misused the most extensively worldwide. Broad cannabis use, both for recreational and therapeutic purposes, has received increasing acceptability across the United States, as indicated by legislative actions, ballot measures, and public opinion polls. In particular, a recent Quinnipiac University poll found that 55% of the United States people surveyed supported cannabis legalization without any new restrictions. Comparatively, 82% of survey participants supported the decriminalization of cannabis for medical use. Demand will progressively rise as legalization continues to spread globally, boosting the expansion of the CBD-infused products market as a whole.

Competitive Background:

The key players operating in the CBD oil market are investing in mergers and acquisitions in order to gain a significant market share. The manufacturers are also investing in research and development, and are introducing innovative methods to boost production capacity. Product development and market expansion are significant aspects of the CBD oil market. As a result, market participants are likely to have a better overall revenue share in the global CBD oil market.

Key Takeaways:

The CBD oil market is anticipated to reach a valuation of US$ 389 million in 2023.
The high efficacy of CBD produced from hemp for various medical uses, including developing a therapy for Parkinson’s disease, is what drives demand for this market.
The CBD oil market is predicted to record a CAGR of 31% through 2033.
The CBD oil market is expected to surpass US$ 5,980.6 million by 2033.
The CBD oil for pets market is being driven by entrepreneurs who are focusing on developing lotions, skin care, pet care, and textile products using cannabidiol.

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Significant Players in the Market Include:

CV Sciences
Medical Marijuana
Aurora Cannabis
Canopy Growth Corporation
Canntrust
Tilray
Kazmira LLC

As the CBD oil market is in a nascent stage, market players are focusing on gaining maximum share by expanding their product portfolio through new product launches.

Recent Developments:

CV Sciences Inc. launched “Plus CBD Gummies” at Natural Product Expo East 2018. These gummies are available in citrus punch and cherry mango flavors. These products comply with strict regulatory standards and are gluten-free and vegan-friendly.
One Leaf, one of the top face mask manufacturers in China, has started executing social media and online marketplace promotional efforts for its CBD products.

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Key Segments Covered in CBD oil Market Study

Product Type:

Hemp Oil
Marijuana Oil

Application:

Pharmaceuticals
Food & Beverages
- Gummies
- Chewing Gums
- Chocolate bars
- Candies
- Beverages
- Dairy Products
- Bakery Products
- Snacks
Cosmetics
Others

Distribution Channel:

Direct/B2B
Indirect/B2C
Hospital Pharmacy
Retail Pharmacy
Hypermarkets/Supermarkets
Convenience Store
Online Retail
Others

Region:

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

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Managed DDoS Protection Market Surges, Reaching US$ 107.0 Million in 2018 and Projected to Hit US$ 1,066.2 Million by 2033

In 2023, the managed DDoS protection market is expected to be worth US$ 217.4 Mn. The market is expected to reach US$ 1,066.2 Mn by 2033, expanding at a 17.2% CAGR throughout the forecast period. Managed DDoS protection is eliminating DDoS attacks, which involves overwhelming a target’s network, infrastructure, or application with a massive volume of malicious traffic, rendering it inaccessible to legitimate users.

The increasing frequency and sophistication of DDoS attacks across industries and geographies are driving the demand for managed DDoS protection solutions. Organizations are recognizing the critical need to safeguard their digital assets and maintain business continuity in the face of evolving cyber threats.

The rapid adoption of cloud computing and the migration of critical infrastructure to the cloud present a significant opportunity for managed DDoS protection providers. Cloud-based DDoS protection services offer scalability, global traffic scrubbing centers, and expert management, allowing organizations to eliminate DDoS attacks while leveraging the benefits of cloud infrastructure.

One of the key challenges in the managed DDoS protection market is the constant evolution of DDoS attack techniques. Attackers continually adapt their strategies to bypass traditional defense mechanisms, requiring managed DDoS protection providers to stay ahead of the curve by employing advanced detection and mitigation techniques and maintaining a strong knowledge base of emerging threats.

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An emerging trend in the managed DDoS protection market is the integration of artificial intelligence (AI) and machine learning (ML) technologies. AI and ML enable proactive and automated detection of DDoS attacks by analyzing network traffic patterns, identifying anomalies, and swiftly triggering mitigation responses. This trend enhances the accuracy and speed of DDoS attack detection, allowing organizations to defend against sophisticated attacks.

Key Takeaways from the Managed DDoS Protection Market:

The managed DDoS protection market in the United States is predicted to reach US$ 132.2 Mn by 2033, increasing at a 7% CAGR.
The managed DDoS protection market in the United Kingdom is estimated to reach a market value of US$ 87.4 Mn, expanding at a CAGR of 9% by 2033.
During the forecast period, the managed DDoS protection market in China is expected to reach a market value of US$ 114.1 Mn, securing a 2% CAGR.
The managed DDoS protection market in Germany is predicted to reach US$ 106.6 Mn by 2033, increasing at a 8% CAGR.
India’s managed DDoS protection market is predicted to achieve a market value of US$ 84.2 Mn, rising at a 6% CAGR during the forecast period.
With a CAGR of 5% from 2023 to 2033, the traffic monitoring segment is expected to dominate the managed DDoS protection market.
With a market share of 9% from 2023 to 2033, the North America is expected to dominate the managed DDoS protection market.

How Does the Competition Look in the Managed DDoS Protection Market?

The managed DDoS protection industry is characterized by intense competition, as numerous players compete to capture market share. Key players in this industry include Amazon Web Services, Cloudflare, Radware, Akamai, and Imperva.

The managed DDoS protection market is had a significant development and growth, driven by the increasing demand for robust cybersecurity solutions. As organizations across industries prioritize DDoS protection, the market has become highly competitive, with numerous players competing for market share.

In terms of competition, both established cybersecurity firms and specialized DDoS protection providers compete to offer comprehensive managed DDoS protection services. These companies strive to differentiate themselves through advanced mitigation techniques, global network coverage, and expertise in handling diverse attack vectors. Competition fosters innovation, with companies continuously enhancing their solutions to stay ahead in the rapidly evolving threat landscape.

Collaboration and partnerships are also prominent in the managed DDoS protection market. Many providers collaborate with cloud service providers (CSPs) to integrate their DDoS protection solutions with cloud platforms. This collaboration enables seamless deployment, optimized traffic routing, and centralized management of DDoS protection services. Additionally, partnerships between managed DDoS protection providers and managed security service providers (MSSPs) are common, allowing organizations to access a wider range of security services through a single provider.

Key players in the managed DDoS protection market include global cybersecurity firms, cloud service providers, and specialized DDoS protection vendors. Established players such as Akamai Technologies, Imperva, and Cloudflare have a strong presence due to their extensive network infrastructure and expertise in mitigating large-scale attacks. These companies offer comprehensive DDoS protection solutions, combining advanced mitigation techniques with other security services.

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Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

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Explosive Growth Predicted: MedTech Market is Expected to surpass US$ 776,467.7 Million at a CAGR of 4.4% by 2033

The term “MedTech market” describes the area of the healthcare industry that is devoted to the creation, manufacturing, and distribution of tools, equipment, and technologies used in the diagnosis, treatment, and observation of a range of medical diseases.

The Medtech market is projected to be valued US$ 503,206.0 million in 2023. The market is anticipated to grow at a 4.4% CAGR over the course of the forecast period, reaching US$ 776,467.7 million by 2033. A number of reasons, including expanding access to treatment and patient empowerment, are driving the MedTech business.

The development of better diagnostic tools and procedures that support illness detection and diagnosis has been made easier by MedTech. Molecular diagnostics, point-of-care testing equipment, genetic testing, and high-resolution imaging systems are a few examples.

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MedTech has transformed treatment techniques and therapies in a variety of medical professions. Robotic-assisted surgery devices allow for minimally invasive operations, which reduces patient trauma and speeds up recovery. Advanced prosthetics and orthotics make use of robotics and sensor technology to improve mobility and quality of life for those who have lost a limb or have a disability. Furthermore, targeted medication delivery systems and implantable devices are increasing the efficacy and precision of therapies.

Through telemedicine and remote monitoring systems, MedTech has substantially improved access to healthcare. Telemedicine systems enable patients to consult with healthcare specialists over the Internet, decreasing the need for in-person visits, particularly for routine check-ups and follow-ups. Remote monitoring devices and wearable sensors allow for continuous monitoring of vital signs, allowing for early detection of health disorders and proactive intervention.

Key Takeaways from this Market:

The MedTech industry in the United States is predicted to reach US$ 73,468.0 million by 2033, increasing at a 4.1% CAGR.
The MedTech industry in Germany is estimated to reach a market share of US$ 53,037.9 million, expanding at a CAGR of 5.2% by 2033.
During the forecast period, the medtech industry in the UK is expected to reach a market share of US$ 39,602.3 million, securing a 7.1% CAGR.
The MedTech industry in China is predicted to reach US$ 49,364.5 million by 2033, increasing at an 8.7% CAGR.
Japan’s medtech industry is predicted to achieve a market share of US$ 36,130.1 million, rising at a 6.7% CAGR during the forecast period.
With a Market Share of 33.12% from 2022 to 2033, the Hospitals and Clinics segment is expected to dominate the MedTech industry.
With a CAGR of 7.8% from 2022 to 2033, Diagnostic Equipment is expected to dominate the MedTech industry.

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How Does the Competition Look in the MedTech Market?

The MedTech market is a worldwide one, with companies attempting to establish a presence in various countries and get access to international markets. Companies must manage a variety of regulatory regimes, reimbursement systems, and market dynamics in their respective markets. It is critical for success to be able to create strong distribution networks and relationships in several nations.

While there is a lot of competition in the medtech market, there is also a lot of room for growth. People are turning to Medtech to help them reach their fitness and wellness objectives as their interest in health and wellness grows. As a result, increased investment in the creation of health coaching applications, as well as mergers and acquisitions as larger competitors strive to consolidate their positions, are inevitable.

Cost factors play a crucial influence in the MedTech market’s competition. Companies must find a happy medium between generating new, high-quality products and maintaining affordability and cost-effectiveness. Gaining a competitive edge requires demonstrating value, such as improved patient outcomes, lower healthcare costs, or increased efficiency.

Consolidation and mergers are being utilized by leading players to fortify their market standing and acquire entry to fresh markets. The sector is experiencing notable expansion in developing economies, especially in nations such as India and China.

Key Players:

Johnson & Johnson
Medtronic
Siemens Healthineers
GE Healthcare
Stryker
Abbott Laboratories
Boston Scientific
BD
Olympus Corporation
Zimmer Biomet

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Market Outlook by Categorization:

By Product Type:

Medical Devices
- Diagnostic Equipment
- Surgical Instruments
- Implantable Devices
- Monitoring Devices
- Others
Medical Equipment
- MRI machines
- X-ray machines
- CT scanners
In-vitro Diagnostics (IVD)
- Laboratory-Based Tests
- Point-of-Care Tests
- Digital Health
Telemedicine Platforms
- Health Monitoring Wearables
- Mobile Health Applications
- Electronic Health Records (EHR) Systems

By Application:

Cardiology
Orthopedics
Oncology
Neurology
Respiratory
Others

By End-user:

Hospitals and Clinics
Ambulatory Surgical Centers
Home Healthcare
Diagnostic Laboratories

By Region:

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

Author:

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