Location Based Marketing Services Market Accelerating at 18.1% CAGR to US$ 299.3 Billion by 2032

The location based marketing services market is expected to reach US$ 299.3 Billion by 2032, expanding at a high CAGR of 18.1%. The industry is likely to yield a dollar opportunity worth US$ 252.3 Billion across the 2022-2032 forecast period.

Increasing demand for mobile location-based services, the surge in demand for location-enabled mapping, tracking, and navigation solutions, and the proliferation of social media, smartphones, and location-based applications among consumers are expected to accelerate the market growth during the forecast period.

From 2015 to 2021, location based marketing services demand expanded at a CAGR of 18.8%, yielding US$ 47 Billion. Growth prospects improved further during the COVID-19 pandemic, as the extensive presence of consumers on social media platforms made it easier for industries to target specific customers across different geographies.

Furthermore, regulatory measures to ensure consumer safety, the proliferation of new data sources, and evolving methodology for marketing purposes are likely to promote market growth.

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Moreover, the rise in GPS-enabled precision applications, such as farming, logistics, and automotive, has created a high demand for location-based solutions. Also, the increasing demand for mobile location-based services, the surge in demand for location-enabled mapping, tracking, and navigation solutions, and the proliferation of social media, smartphones, and location-based applications among consumers are providing significant opportunities for the growth of the location-based services market.

Key Takeaways from the Location Based Marketing Services Market Report:

  • The global location based marketing services market was valued at US$ 56.5 Billion by 2022-end
  • The U.S to account for the highest value share of US$ 90.9 Billion of global market demand until 2032
  • My target location, the physical locations category to be most preferred, documenting a CAGR of 18.1%
  • China to experience prolific market growth, surpassing US$ 40 Billion by 2032, following a CAGR of 21.1%
  • Based on promotion type, search result-based location-based marketing reigns supreme, growing at a 17.3% CAGR

Competitive Landscape:
Players in the global location based marketing services market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market.

Some of the recent developments among the key players are:

  • In September 2021, BT and Oracle partnered to optimize their network resources and bring new 5G offerings to market faster. The solution will enable BT to quickly and seamlessly test and implement 5G services.
  • In July 2021, TomTom Virtual Horizon was designed for automated and non-automated vehicles, with and without embedded navigation. It provides a seamless connection between digital maps and ADAS functionality.
  • In July 2021, IBM and Atos collaborated and built a secured infrastructure for the Dutch Ministry of Defence. This infrastructure provides advanced technologies, and infrastructure services, and safeguards its It system, among others.

Leading Key Players:

  • ALCATEL-LUCENT
  • APPLE INC.
  • AT&T Inc.
  • Bharti Airtel Limited
  • Cisco Systems, Inc.
  • Google LLC
  • HERE
  • International Business Machines Corporation
  • Microsoft Corporation
  • Oracle Corporation
  • Qualcomm Technologies, Inc.

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Location Based Marketing Services Market Segmentation:

By Location Type:

  • By Physical Location
  • By Location of Interest

By Promotion Type:

  • Banner Display/Pop-ups Promotion
  • Video Promotion
  • Search Result Promotion
  • E-mail and Message
  • Social Media Content Promotion
  • Voice Calling Promotion

By Industry Vertical:

  • Retail
  • Hospitality
  • Healthcare
  • BFSI
  • Education
  • Technology and Media
  • Transportation and Logistics
  • Automotive and Other Industries

By Region:

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

About Future Market Insights (FMI):

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

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Future Market Insights Inc.
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Microlearning Market Envisions US$ 6.3 Billion by 2032, 11.4% CAGR

The microlearning market registered an 11.4% CAGR during the forecast period, to reach US$ 6.3 Billion by the end of 2032. As COVID-19 has pushed corporates to opt for remote work procedures, the need for upskilling the workforce with the latest technological innovations and equipping them with cutting-edge innovative technologies is a must. This fuels the growth of the microlearning market.

Microlearning involves various courses, including skill-based programs, result-oriented training, and enterprise-specific programs, enhancing the workforce that improves the workflow. As the competition in industries rises, companies digitize their spaces and upskill their workforce. This skilled workforce enhances productivity and makes the work more efficient and easier, helping the business expand its space in new market spaces.

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Different elements of a business such as processes, compliances, security, machines, hardware, and software are connected to technicians, IT experts, workers, drivers, and other workers. Microlearning makes these workers aware of the various components of a company and their work, unifying them to get better results.

Integrating multiple technologies like artificial intelligence, AR, VR, and gamification with ed-tech platforms is expected to expand the microlearning market in new industries while making learning easy, accessible, and systematic. Lack of awareness and impetus amongst workers, along with low capital investment by corporate players, are declining the growth of the microlearning market as COVID-19 has damaged various types of businesses.

Key Takeaways from the Microlearning Market Report:

  • Manufacturing from the microlearning market’s vertical category is the biggest segment in the category and will hold the largest market space in the forecast period.
  • On-premise from the microlearning market’s type category is the biggest segment in the category and will hold the prominence space in the forecast period.
  • USA, Canada, Japan, China, and Europe hold a 6% CAGR that is estimated for the slurry segment of the transporting media category.
  • Asia Pacific is the emerging market space in the microlearning market, attributed to the higher return on investment (ROI), talent development, and increased upskill training.
  • The market size for the microlearning market in China is expected to reach US$ 1.16 Billion by 2032, growing at a CAGR of 11.8% during the research period.
  • The market size of the microlearning market in the United States is expected to reach US$ 1.66 Billion by 2032.
  • Canada’s microlearning market is expected to thrive at a CAGR of 10.4% over the forecast period.
  • Japan’s microlearning market is expected to flourish at a CAGR of 10.8% during the research period (2022-2032).
  • Germany is anticipated to grow slowly at a CAGR of 8.9% between 2022 and 2032.

Leading Key Players:

  • Saba Software
  • Mindtree
  • Axonify
  • IBM
  • Bigtincan

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Microlearning Market Segmentation:

By Component:

  • Solution
  • Services
    • Consulting and Implementation Services
    • Support and Maintenance Services

By Deployment Type:

  • On-premises
  • Cloud

By Organization Size:

  • SMEs
  • Large Enterprises

By Industry:

  • Retail
  • Manufacturing and Logistics
  • BFSI
  • Telecom and IT
  • Healthcare and Life Sciences
  • Others

By Region:

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

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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Media Processing Solutions Market at 12.7% CAGR to US$ 52.1 Billion by 2032

The media processing solutions market was valued at US$ 15.8 Billion in 2022 and is predicted to reach US$ 52.1 Billion by 2032, growing at a 12.7% CAGR. The demand for media processing solutions is predicted to grow during the forecast period due to technical improvements and funds for research & development increase.

The sales of media processing solutions are rising as the media processing solutions market’s players and vendors use their solutions to publish video and relevant media material so that it can be accessed by consumers on multiple platforms and from numerous sources. In the global media processing solutions market, the demand for media processing solutions is growing as they are utilized to ensure that consumers can watch videos without latency, even if their viewing devices change.

Other important drivers for the sales of media processing solutions are the expanding demand for multi-device accessibility, increased internet connectivity in emerging economies, rising preference for live-streaming content, and rising digital advertising spending through videos.

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The demand for media processing solutions is rising due to increased access to improved internet services in many nations.

The global media processing solutions market is expected to grow in the approaching years due to increased technological developments and the modernization of digital solutions. On the other hand, one of the major challenges to the global media processing solutions market’s growth is the growing complexity of processing media content from multiple sources.

However, the rising adoption of cloud platforms that reduce resource waste and provide effective solutions to end users is likely to boost demand for media processing solutions. Attaching watermarks, terminal device adaption, and video identification capabilities are all features of solutions in the media processing solutions market.

Over the years, numerous prospects for growing revenue from media (video) processing solutions have emerged, such as the expansion of live video streaming with an increasing number of users.

One of the key factors driving viewers to multi-screen or cross-screen services is the increasing acceptance of online multimedia content. Live video services with high-speed network connectivity and various connected devices, such as tablets and smartphones, are attracting consumers’ attention.

Key Takeaways from the Media Processing Solutions Market Report:

  • During the forecast period, the dynamic ad insertion(real-time) segment is projected to dominate the media processing solutions market with a CAGR of 12.9%.
  • Based on solutions, the platform segment is anticipated to lead the media processing solutions market with a CAGR of 12.9%.
  • The United States is forecasted to dominate the media processing solutions market with a market size of US$ 12.1 Billion.
  • Due to rising demand for ultra 4K video-on-demand streaming and increased video surveillance in countries such as India, Australia, China, and Japan, Asia-Pacific is expected to develop at the fastest rate in the global media processing solutions market. Only India and China, with over 1.2 billion internet users, are likely to provide a huge potential for video processing solution vendors in the region. India, in particular, has tremendous growth potential in the next years, with only 27% of its people using the internet.

Competitive Landscape:
According to the market analysis, all of these companies will be involved in competitive strategy developments such as alliances, new product inventions, and market growth in the next years to attain leadership positions in the worldwide video-processing solutions market.

Recent Developments:
The US Army has awarded SRI International a contract to supply a sensor-integrated bespoke camera module for enhanced night vision video delivery in April 2019. SRI’s expertise in image and video processing solutions for defense applications is expected to be highlighted through this contract.

Morpho, Inc. announced a partnership with Nekojarashi Inc., a major cloud service provider for creative purposes, to develop a sophisticated video processing tool on the cloud platform in January 2019. Morpho’s cloud-based video processing capabilities will be enhanced as a result of this agreement.

Leading Key Players:

  • Kaltura
  • Telefonaktiebolaget LM Ericsson
  • Pixel Power Ltd
  • Vantrix Corporation
  • Synaptics Incorporated
  • Blazeclan Technologies
  • Akamai Technologies
  • Synamedia
  • Amagi
  • Apriorit
  • Ateme
  • Dalet
  • BASE Media Cloud Limited
  • Imagine Communications Corp
  • SeaChange International
  • Equilibrium
  • Hewlett Packard Enterprise Development LP
  • Harmonic Inc
  • iStreamPlanet Co
  • Telestream LLC
  • Intel Corporation

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Media Processing Solutions Market Segmentation:

By Solution:

  • Platform
  • Services

By Component:

  • Video Upload and Ingestion
  • Dynamic Ad Insertion
  • Video Transcoding and Processing
  • Video Hosting
  • Content Rendering

By Content-Type:

  • Real-Time/Live
  • On-Demand

By Enterprise Size:

  • Small and Medium Enterprise
  • Large Enterprise

By End-User:

  • TV Broadcasters
  • Content Providers
  • Network Operators

By Region:

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

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 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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MEMS Inkjet Heads Industry: Steady Growth Predicted with 1.9% CAGR by 2033

The global MEMS inkjet heads industry size reached US$ 994.2 million in 2022. Demand for MEMS inkjet heads is estimated to surpass US$ 1 billion in 2023. During the forecast period, sales are expected to register 1.9% CAGR. Revenue is anticipated to cross around US$ 1.2 billion by 2033.

Demand in the MEMS inkjet heads market is being driven by its increasing usage in the textile and apparel sectors. MEMS inkjet heads offer precise and high-resolution printing capabilities. It allows textile manufacturers to create intricate designs and patterns on fabrics, which is highly desirable in the fashion industry.

With MEMS inkjet heads, textile and apparel companies can offer customized and personalized products. It enables consumers to design their own clothing, accessories, and home textiles.

Traditional printing methods can result in significant material wastage. MEMS inkjet heads enable direct-to-fabric printing, minimizing waste by only applying ink where needed. This leads to cost savings and environmental benefits.

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Fashion trends change quickly, and designers often require small batches of products. MEMS inkjet heads allow for efficient and cost-effective production of limited quantities. This reduces the need for large-scale manufacturing.

MEMS inkjet heads facilitate the creation of rapid prototypes and samples. This enables designers to quickly iterate and finalize their designs before moving to full-scale production.

MEMS inkjet heads can produce vibrant colors and intricate details on textiles, enhancing the visual appeal of products and meeting the high expectations of consumers. The “just-in-time” production approach becomes feasible with MEMS inkjet heads. It allows companies to respond to market demands more efficiently and avoid overstocking.

Consumers are increasingly demanding sustainable products. MEMS inkjet heads reduce water consumption and the use of chemicals compared to traditional dyeing processes. These are conveniently aligning with eco-friendly practices.

MEMS inkjet technology lowers the barriers to entry in the market for small businesses and individual designers. It enables them to enter the textile and apparel market with innovative and unique offerings. MEMS inkjet heads can be integrated into digital design and production workflows. This allows for seamless coordination between design software and printing processes.

MEMS inkjet heads can achieve high-speed printing, catering to the demands of large-scale textile production while maintaining print quality. The rise of e-commerce has led to increased demand for efficient and high-quality packaging solutions. It is further expected to drive the demand for reliable and precise inkjet printing for labeling, barcoding, and product information.

Key Takeaways from the Report:

  • The global market of MEMS inkjet heads is set to register 9% CAGR during the period between 2023 and 2033.
  • By end-use, commercial and industrial division is expected to expand at a CAGR of 1.7% in between 2023 and 2033.
  • The United States is accounted for a valuation of US$ 223.4 million in the global market by 2033.
  • China is set to dominate the market with a CAGR of 1.8% throughout the projected period.
  • In 2033, Japan market for MEMS inkjet heads is set to reach at a total of US$ 234.9 million.

“Rising inclination towards e-commerce platform will aid in driving demand for MEMS inkjet heads market globally. Manufacturers might also focus on differentiating their products through unique features.” – says a lead Future Market Insights (FMI) analyst

Competitive Landscape:

Key manufacturers might emphasize eco-friendly practices in their production processes, materials sourcing, and product design. This can attract environmentally conscious customers and align with industry trends.

Recent Development:

  • In October 2020, FUJIFILM the next version of the Samba print head family, the DIMATIX Samba G5L, will be introduced at the virtual Printers United virtual event, says Dimatix, the top producer of inkjet print heads used in business and industrial printing.

Key Companies Profiled

  • Canon Inc.
  • Eastman Kodak Company
  • FUJIFILM Dimatix Inc.
  • FUNAI Electric Co. Ltd.
  • HP Development Company L.P.

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More Insights into the MESM Inkjet Head Market Report

The report offers an unbiased analysis of the global MEMS inkjet heads market, providing historical data from 2018 to 2022 and forecast statistics for the period 2023 to 2033.

To understand the global market potential, growth, and scope, the market is segmented based on end-use (commercial & industrial and consumer) across different regions.

MEMS Inkjet Heads Market Outlook by Category

By End-use:

  • Commercial & Industrial
  • Consumer

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:      

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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Innovation Management Market Eyes US$ 3.1 Billion, 10.7% CAGR by 2032

The innovation management market is forecasted to reach a net worth of US$ 3.1 Billion in 2032, increasing from US$ 1 Billion in 2021. It is estimated to witness an impressive CAGR of 10.7% over the forecast years.

Over the last decade, most global companies have transformed into digital modes requiring a higher degree of innovation in inventory management with agile data processing technologies. Product idea management has also surfaced to be an important business operation that has further boosted the demand for strategic management of technology and innovation solutions in the global market.

Continuous innovation for developing new products according to the demand of targeted customers is turning out to be the most effective business model for large and small enterprises to remain competitive in the present market. Performing the task of exchanging ideas and knowledge seamlessly among several stakeholders has been greatly supported by the deployment of the Idea management framework in the digital space of enterprises.

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Integration of Cloud-based technologies and AI-assisted idea generation methods have also increased the popularity of innovation management processes for managing technology and innovation in business.

The growing focus of start-ups and established business entities on penetrating different regions by launching innovative and new products has created a huge opportunity for the adoption of effective innovation management solutions. It also involves any activity for improving the available products or services through  innovation in inventory management for a more open business model.

Key Takeaways from the Innovation Management Market Report:

  • Over the forecast period of 2022 to 2032, the innovation management market is predicted to witness an absolute growth of US$ 2 Billion from the present value of US$ 1.1. Billion in 2022.
  • Based on the deployment model, cloud services are becoming highly popular among end-users because of their dynamic and effective innovation management. This segment is expected to witness a growth rate of 10.3% over the forecast timeframe.
  • Among the different components essential for setting up an Idea management framework, services are the major segment of the innovation management market in the present times. This segment is predicted to record a CAGR of 10.6% during the forecast period.
  • The US is the leading market in terms of total revenue generated through innovation project portfolio management, occupying a share of nearly 35% of the global market. This region is anticipated to grow at the highest rate of 10.6% and is expected to be worth around US$ 1.1 Billion in 2032.
  • Asia Pacific geographic region follows North America in terms of growth rate for the innovation management market. The three top-performing countries, namely China, Japan, and South Korea are expected to contribute about US$ 500 Million together by the year 2032.

Competitive Landscape:
With the growth in the number of third-party companies for managing technology and innovation in business, the global innovation management market has become highly competitive at present days. Most of the emerging players are getting specialized by targeting particular niche sectors for higher market demand. Health policy innovation and management is one of such popular segments getting increasingly targeted by the prominent players in the innovation management market.

Planview Company acquired the rights of Apatage in July 2020. Apatage is a first-of-its-kind system for the application of artificial intelligence (Al) and machine learning (ML) for the working and management of portfolios that will offer greater acceptability for Planview in the global market.

Leading Key Players:

  • Accenture
  • SAP SE
  • Sopheon
  • Planview
  • Qmarkets

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Innovation Management Market Segmentation:

By Component:

  • Solution
  • Services

By Deployment Type:

  • On-Premises
  • Cloud

By Function:

  • Product Development
  • Business Process

By Organizational Size:

  • Large Enterprise
  • Small & Medium Enterprise

By Vertical:

  • BSFI
  • Aerospace and Defense
  • Healthcare and Pharmaceuticals
  • Retail and eCommerce
  • Information Technology and Telecommunications
  • Government
  • Manufacturing
  • Transportation and Logistics
  • Others

By Region:

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

About Future Market Insights (FMI):

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

Contact Us:        

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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Isostatic Pressing Market Value Surges to US$ 22.7 billion by 2033

Isostatic pressing (IP) technology, a method of uniformly applying pressure from all directions, is a cornerstone process for manufacturing high-performance components across various industries. The global isostatic pressing market is experiencing steady growth, driven by a confluence of factors. Let’s delve into the forces propelling this market forward, explore exciting opportunities for manufacturers, and forecast the promising future of isostatic pressing technology.

Growth Factors: Forging a Strong Foundation

The global isostatic pressing market is projected to reach over USD 12.27 billion by 2030, with a CAGR exceeding 7.5% [1]. This growth is fueled by several key trends:

  • Rising Demand for Intricate Components: The increasing demand for complex and high-precision components in aerospace, automotive, and medical industries drives the need for IP, which ensures uniform density and minimizes internal voids.
  • Advancements in Material Science: Development of new materials like high-performance alloys and ceramics necessitates advanced manufacturing techniques like IP to achieve optimal properties.
  • Focus on Additive Manufacturing (AM): IP is increasingly used as a post-processing technique for additively manufactured parts to improve their strength, density, and overall quality.
  • Expansion of Manufacturing Hubs: Growth in emerging economies like China and India, with their expanding manufacturing sectors, is creating a significant demand for isostatic pressing equipment.

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Opportunities Abound: A Pressing Need for Innovation

  • Material Specialization: Develop IP systems optimized for specific materials, such as high-temperature presses for processing advanced ceramics or cold IP for materials sensitive to heat.
  • Focus on Automation and Integration: Design IP systems that seamlessly integrate with automated production lines for increased efficiency and reduced production time.
  • Aftermarket Services and Upgrades: Offer comprehensive aftermarket services, including spare parts, maintenance programs, and equipment upgrades to build long-term customer relationships.
  • Data-Driven Process Optimization: Develop data acquisition and analysis capabilities for IP systems to optimize process parameters, predict maintenance needs, and ensure consistent product quality.

Future Trends: A Vision under Pressure

  • The Rise of Hot Isostatic Pressing (HIP): HIP technology, a type of IP that utilizes high temperatures, will gain traction due to its ability to further enhance material properties and eliminate remaining porosity.
  • Sustainability in the Spotlight: Manufacturers will focus on developing energy-efficient IP systems and utilizing eco-friendly materials in their production to reduce the environmental footprint.
  • Remote Monitoring and Control: Advancements in internet-of-things (IoT) technology will enable remote monitoring and control of IP systems, improving process efficiency and facilitating preventative maintenance.
  • The Rise of Additive Manufacturing (AM) Post-Processing: IP will play a crucial role in the post-processing of additively manufactured parts, becoming an essential step for achieving high-quality final products.

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Tackifier Industry on the Rise: Projected Valuation of US$ 7.3 Billion by 2034

Tackifier industry Forecast by Hydrocarbon Resins and Rosin Resins, Global Growth Opportunities, and Revenue Forecast from 2024 to 2034

The tackifier market is estimated to be valued at US$ 4.3 billion in 2024.  The demand for tackifier is anticipated to rise at a CAGR of 5.5% from 2024 to 2034. The market valuation is forecasted to be US$ 7.3 billion by 2034.

Tackifiers are majorly used as part of adhesives, enhancing the product’s effectiveness. As the industries that employ adhesives develop, the demand for tackifiers also increases. Several industries, including automobile, pharmaceutical, and publishing, widely employ adhesives in their manufacturing processes, driving sales of tackifiers.

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Among all the industries, the rising construction industry is expected to fuel growth in the tackifier market. The use of adhesives, especially hot-melt adhesives, in construction is paving the way for the increasing adoption of tackifiers. The growth of the construction industry in developed and emerging economies is thus beneficial to the market.

While adhesives with tackifiers are standard, non-tackifier adhesives are growing in popularity, too. Tackifiers with resins are being looked down upon by eco-friendly end-users, which is a restraint for the market. The market also has supply chain problems, as the price of raw materials is often unpredictable.

“To combat the negativity associated with resins, tackifier manufacturers are making products that are biobased. Thus, tackifiers made from pine and poly (β-pinene) are growing in popularity. Biobased tackifiers represent a significant opportunity in the market,” says FMI analyst

Key Takeaways from the Tackifier Market

  • The tackifier market is estimated to be US$ 4.3 billion in size in 2024.
  • Hydrocarbon resin is the common type of tackifier used in the market. From 2024 to 2034, the CAGR for hydrocarbon resin is projected to be 5.2%.
  • Tackifiers of the synthetic variety are still preferred in the market. Over the forecast period, synthetic tackifiers are expected to register a CAGR of 5.0%.
  • South Korea is one of the fastest-growing countries in the market, rising at a CAGR of 7.2% through 2034.
  • China and Japan are the other Asian countries with potential for market growth. The CAGRs for markets in Japan and China are pegged to be 6.7% and 7.0% respectively.
  • The United Kingdom is one of the most lucrative countries in the European market. Over the forecast period, the CAGR for the United Kingdom market is projected to be 6.6%.

Competition Analysis of the Tackifier Market

The market is dominated by a few major players. The giants in the market have geographical expansion as an aim, especially with the industrial rise in non-traditional areas. Some of the prominent companies in the market are Henkel AG & Co. KGa, Zeon Corporation, Eastman Chemical Company, and Arkema.

Recent Developments in the Tackifier Market

  • In May 2021, SI Group announced to enhance its production of tackifiers by 75% and opened its new facility in Lote, India.
  • In April 2020, Regalite released the R1125 hydrocarbon resin, which is used for hot-melt adhesives.
  • In April 2020, Kraton Corporation launched biobased tackifiers as part of the SYLVALITE line of products by using the REvolution rosin ester technology.

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Key Companies in the Tackifier Market

  • Henkel AG & Co. KGa
  • ZEON CORPORATION
  • Eastman Chemical Company
  • Arkema
  • Kolon Industries, Inc.
  • H.B. Fuller Company
  • BASF SE
  • Exxon Mobil Corporation
  • SI Group, Inc.
  • KRATON CORPORATION
  • Cray Valley
  • Arakawa Chemical Industries, Ltd.

Key Segments in the Tackifier Market

By Product:

  • Hydrocarbon Resins
  • Rosin Resins
  • Terpene Resins

By Feedstock:

  • Synthetic Tackifiers
  • Natural/Biobased Tackifiers

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:      

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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Rise of Sustainability: Vegetal Natural Fiber Industry Projected to Hit US$ 25,510 Million by 2033

The global vegetal natural fiber industry value is forecast to increase from US$ 12,043 million in 2023 to US$ 25,510 million by 2033. Over the assessment period, global demand for vegetal natural markets is projected to surge at a CAGR of 7.8%.

Growing demand for sustainable products and eco-friendly textile materials is fueling up the demand for vegetal natural fiber. Similarly, increasing government initiatives for vegetal natural fiber and the awareness of climate change have also played a certain role in accelerating this growth.

Vegetal natural markets are witnessing higher demand from diverse sectors, and the trend is expected to continue through 2033. This is due to their several properties like high strength, producing lightweight materials, etc. Growing usage of vegetal natural markets in the Geotextile and Technical Textile industries is another key factor expected to boost the target market.

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The automotive segment is expected to dominate the global vegetal natural market industry through 2033. It is likely to hold a  share of 23.2% in 2023. On the other hand, the Construction and Material segment is set to thrive at a robust CAGR of 7.5% through 2033.

Key Takeaways from the Vegetal Natural Fiber Market Analysis Report

  • The United States vegetal natural fiber industry share value is anticipated to reach US$ 2,044.2 million by 2033.
  • By end use, the geotextile is set to register a CAGR of 9.2% through 2033.
  • South Asia Pacific is expected to account for a significant share of about 41.6% in 2023.
  • China is projected to attain a valuation of US$ 2,951.9 million by 2033, rising at a CAGR of 9.5% through 2033.
  • Demand for vegetal natural fiber in India is predicted to rise at a 8.6% CAGR through 2033.
  • Japan is witnessing a rise in vegetal natural fiber textiles sales at a 10.1% CAGR through 2033.

Competitive Landscape for Vegetal Natural Fiber Market Players

Key players are focusing on the expansion of domestic production and technology areas of vegetal natural markets to provide cost-efficient solutions to consumers. They are also investing in developing new products and further innovation in the existing ones to meet end-user demand.

“The vegetal natural fiber market is poised to witness healthy growth due to escalating environmental regulations, expanding industrial sectors, and increasing emphasis on sustainability and eco-friendly products across several applications.” – says a Lead Analyst at Future Market Insights.

Recent developments-

  • In Feb 2022, Bast Fibre Technologies Inc. completed the acquisition of Lumberton Cellulose from Georgia-Pacific.

In September 2022,Safilin expanded its operations by opening its third spinning mill in Béthune, France. This new facility is located in the Hauts de France region and will help to meet the growing demand for Safilin’s high-quality linen and hemp yarns

Key Companies Profiled

  • Terre de Lin
  • Bast Fibre Technologies Inc
  • Callin
  • J. Rettenmaier & Söhne Gmbh
  • Safilin
  • Enkev B.V
  • Comlin
  • Groupe Depestele
  • Wilhelm G. Clasen KG
  • Hemp, Inc.
  • RoLanka International

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Key segments

By Product Type:

  • Hemp
  • Flax
  • Jute
  • Sisal
  • Bamboo
  • Coir

By End Use:

  • Technical Textile
  • Automotive Industry
  • Construction and Building Materials
  • Packaging Materials
  • Oil and Gas Industry
  • Geotextiles

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:      

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
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Fitness Apps Market Envisions 19.7% CAGR Growth, Reaching US$ 6.8 Billion by 2032

The global fitness apps market is worth US$ 1.1 billion in 2021, with a CAGR of 19.7% projected from 2022 to 2032. Between 2022 and 2032, the global market is expected to offer an absolute dollar opportunity of US$ 6.8 Billion.

The fitness App market exploded as a result of the emergence of a global pandemic that prevented people from visiting regular gyms. After COVID-19 caused widespread lockdowns and social alienation, people were encouraged to migrate to virtual training platforms. Due to increased subscriptions, the market is expected to grow at a rate of around 20%, compared to the historical average of 14.6% CAGR.

The fitness app market is expected to grow as people become more conscious of their physical and mental health. Consumers have begun to track their health issues and, based on this information, have begun to make positive lifestyle changes. Additionally, the expanding online network of fitness studios and gyms has aided in the adoption of these apps.

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Posting fitness updates on social networking sites also encourages friendly competition. As a result, there will be an increase in the demand for fitness apps. Over the projected period of 2022-2032, the United Kingdom and Japan are expected to provide the most lucrative results, expanding at a CAGR of 26% and 24.4%, respectively.

Key Takeaways from the Fitness Apps Market Report:

  • The Global Fitness App market is expected to reach a market size of US$ 8.1 Billion by 2032.
  • The market is expected to offer an absolute dollar opportunity of US$ 6.8 Billion in the coming 10 years by growing at a CAGR of nearly 20%.
  • The exercise & weight loss category is expected to remain the dominant segment, with an estimated growth of 19.4% during the forecast period.
  • Japan and the UK are anticipated to provide the highest growth opportunity in terms of CAGR of 24.4% and 26% respectively.

Competitive Landscape:
The Fitness Apps market is dominated by several national and international players. They compete on product innovation, quality, brand recognition, trustworthiness, and market presence to offer their services across multiple sectors. Market competitors are improving their goods with modern features to improve functionality and reliability to provide a better consumer experience.

In addition, the market expansion is expected to be aided by the big corporation’s fundamental mergers, collaborations, and acquisitions strategies.

Leading Key Players:

  • Aaptiv
  • Adidas
  • Appinventiv
  • Applico
  • Appster
  • Azumio, Inc
  • Fitbit Inc.
  • FitnessKeeper
  • MyFitnessPal Inc.
  • Nike
  • Noom
  • Under Armour, Inc.

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Key developments in the market are:   

  • In October 2021, PEAR Sports acquired Aaptiv to expand its personalized approach to fitness and wellness programming for consumers and employers. The company plans to integrate Aaptiv’s offerings with PEAR Training Intelligence and make it a competitive fitness program service in the market.
  • In April 2021, Adidas Runtastic collaborated with Tooz Technologies to develop a new immersive running experience for athletes using smart glasses. This marked the start of research on the next-gen wearable technology.

Get Valuable Insights into the Fitness Apps Market:
Future Market Insights, in its new offering, provides an unbiased analysis of the global Fitness Apps market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

Fitness Apps Market Segmentation:

By Type:

  • Exercise & Weight Loss
  • Diet & Nutrition
  • Activity Tracking

By Platform:

  • Android
  • iOS
  • Others

By Device Type:

  • Smartphones
  • Tablets
  • Wearable Devices

By Region:

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA

About Future Market Insights (FMI):

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

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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Disinfectant Chemicals Industry on the Rise: Market Set to Surge at 5% CAGR by 2032

The global disinfectant chemicals industry is poised for significant growth, with a projected Compound Annual Growth Rate (CAGR) of 5% from 2022 to 2032. Anticipated to expand from US$ 2.5 Billion in 2022 to an impressive US$ 4 Billion by 2032, this surge underscores the increasing demand for disinfectant solutions worldwide. The heightened focus on hygiene and sanitation, driven by factors such as global health concerns and the ongoing COVID-19 pandemic, is expected to be a key driver for the market’s expansion, as industries and consumers alike prioritize the use of disinfectant chemicals to ensure a safer and healthier environment.

The ongoing trend is that of several start-ups coming up with alternatives to conventional chemical-based decontaminants that could be capable of cleaning microcavities as well. Vaporized hydrogen peroxide and aerosol are being looked upon as such alternatives. The recent ‘no-touch’ (automatic) decontamination techniques include pulsed-xenon UV light system, continuous generation of UV-C light, and high-intensity narrow-spectrum (405 nm) light. For example – Indra Water (India), which is highly experienced in handling even heavily contaminated wastewater, did upgrade their technology for building and creating VAJRA system to disinfect spaces as well as equipment for preventing infection through Covid-19.

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At the same time, it needs to be noted that chemical disinfectants broadly used in poultry facilities, healthcare facilities, hospitals, food product manufacturing plants, abattoirs, sanitary services for killing germs causing diseases could have flammable and explosive properties aplenty. Various disinfectants are likely to react aggressively with various unrelated compounds and emit poisonous gases that could put the lives of employees in danger.

There are numerous ways through which chemical disinfectants could enter human body – inhalation, ingestion, and absorption through mucous membranes or skin. Also, extensive usage of hand sanitizers could cause irritation to the skin due to presence of chemicals like chlorhexidine, alcohol, triclosan, and chloroxylenol. Plus, chemicals such as sodium hypochlorite, on close contact with environment and humans, could prove to be detrimental in the long run. These factors may restrain the disinfectant chemicals market in the forecast period. Future Market Insights has walked through these findings with insights in its latest market study entitled ‘Disinfectant Chemicals Market’. The team of consultants and analysts is there to work upon macros and micros herein.

“With increasing applications of disinfectant chemicals in food & beverages’ processing, healthcare, plastic, and textile industries, the global disinfectant chemicals market is bound to grow on a splendid note in the forecast period” – says an analyst from Future Market Insights.

Key Takeaways from Disinfectant Chemicals Market

  • North America holds the largest market share. This could be attributed to increasing awareness regarding personal hygiene & health, cleanliness, rise in spending on healthcare, well-established healthcare infrastructure, and initiatives by governments of the US and Canada.
  • Europe stands second on this count with government entities pushing for usage of disinfectant chemicals all over.
  • Coming to the Asia-Pacific, countries like India and China are expected to rule the roost in the forecast period. This could be credited to a greater percentage of population contracting ventilator-associated pneumonia, central line-associated bloodstream infections, catheter-associated urinary tract infections, surgical site infection, and likewise.
  • In MEA, call for effective sanitization is expected to bring about a drastic change in disinfectant chemicals market.

Competitive Chemicals

  • DuPont Electronics & Imaging, in June 2019, did announce 3 novel chemistries for extending support to advanced semiconductor fabrication – DuPont EKC 590 CuSolve remover, EKC PCMP3210 cleaner, and EKC PCMP2110 cleaner.
  • Diversey Holdings, Ltd., in December 2021, completed acquisition of Birko Corporation along with its subsidiary ‘Chad Equipment LLC’. The basic purpose was to strengthen the foothold all across Canada and the US.

Some of the key participants present in the global demand of the disinfectant chemicals market include DuPont, 3M, ABC Compounding Co., Inc., and Cardinal Health, Inc., among others.

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Key Segments Covered in the Disinfectant Chemicals Market Report

Type:

  • Liquids
  • Sprays
  • Wipes
  • Others

End User:

  • Hospitals
  • Households
  • Food & Beverages
  • Others

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East & Africa

About Future Market Insights (FMI)

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

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
LinkedIn| Twitter| Blogs | YouTube