Market Research Blog – Page 3148 – New Product Development

Natural Allure: The Natural Cosmetics Market Booms to Reach US$ 79.6 Billion by 2033

According to recently released data from Future Market Insights (FMI), the natural cosmetics market is poised to achieve a value of US$ 48.4 billion in 2023, with projections indicating a substantial increase to US$ 79.6 billion by 2033. Anticipated to grow at a Compound Annual Growth Rate (CAGR) of 5.1% from 2023 to 2033, this market expansion reflects the growing consumer preference for natural and organic beauty products. With an increasing focus on sustainability and wellness, the demand for natural cosmetics is expected to continue rising, presenting opportunities for innovation and growth within the industry.

Companies from the natural cosmetics market are seeking to increase their business and serve consumer demand by developing focusing on focused differentiating strategies.

However, the need for natural cosmetics will only increase as consumers continue to pay more attention towards their health and environment. Therefore, increased demand for organic and plant-based products as well greater availability of natural cosmetic on mainstream distribution channels will drive the demand in this market segment.

In 2021, Global Bioenergies introduced a naturally sourced isododecane cosmetic ingredient and it can now be used in the large formulations of skincare and haircare products.

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The future of the natural cosmetics market looks quite promising primarily due to the growing awareness of the harmful effects of synthetic ingredients. Consumers are becoming increasingly aware of potential health risks associated with synthetic ingredients usually found in cosmetics such as parabens, phthalates, and synthetic fragrances.

With personal care and beauty products gaining prominence over the past few years, concerns regarding the ingredients play an active role in the sales of cosmetic products which, in turn, augurs well for the natural cosmetics market. Prevailing environmental consciousness also has a positive impact on the market growth of natural cosmetics. This is because many consumers are seeking products that are sustainably produced and have less of an impact on the environment.

During the forecast period, the natural cosmetics market will be driven by the increasing availability and accessibility of natural cosmetic products. With the continuous growth of the market, many companies are entering the market and making natural cosmetic products more widely available to consumers. The availability of these products in mainstream retail also augurs well for overall market growth.

Business Growth Drivers:

Increasing Consumer Awareness: Growing awareness about the harmful effects of synthetic chemicals in traditional cosmetics has led consumers to seek safer and more natural alternatives.
Health and Wellness Trends: A rising focus on health and wellness has prompted consumers to prioritize products made with natural and organic ingredients, believing them to be safer and better for their skin.
Demand for Sustainable and Ethical Products: Consumers are increasingly concerned about sustainability and ethical practices in product manufacturing. Natural cosmetics often align with these values, utilizing eco-friendly ingredients and sustainable production methods.
Social Media and Influencer Marketing: Influencers and social media platforms play a significant role in promoting natural cosmetics, driving consumer interest and adoption through product reviews, tutorials, and endorsements.
Product Innovation and R&D: Continued innovation in natural ingredients and formulations, along with advancements in research and development, have led to the creation of high-performance natural cosmetics that rival their synthetic counterparts.
Regulatory Support: Regulatory agencies in various regions have implemented stricter guidelines and regulations regarding the use of chemicals in cosmetics, which has further boosted the demand for natural alternatives.

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In addition, advancements in technology and formulations also aid the expansion of the natural cosmetics market size. The natural cosmetics industry is constantly innovating and developing new formulations that are more effective and can compete with conventional cosmetics in terms of performance. Overall, the natural cosmetics market is expected to continue to grow as consumers become more health and environmentally conscious and demand for natural and organic products continues to rise.

Key Takeaways:

Increasing use of plant-based ingredients as well as constant innovation and new product development will strengthen prospects for the natural cosmetics market.
In China, the natural cosmetics market is driven by the surging awareness of the adverse effects of synthetic ingredients in cosmetic products.
In 2022, the natural cosmetics market in the US accounted for 82.3% share of the North American market, and robust growth is predicted for the market in the forthcoming years.
Based on type, the skincare segments account for a sizeable portion of the natural cosmetics market share.
By consumer orientation, women will continue to dominate the market during the assessment period.

Key Players:

L’Oréal SA
Amway Corporation
Beiersdorf
Benefit Cosmetics LLC
Chanel S.A.
Clarins Group
Coty Inc.
Estee Lauder Companies Inc.
Johnson & Johnson
Kao Corporation
Laverana GmbH & Co. KG
LVMH (Moët Hennessy -Louis Vuitton)
MAC cosmetics
Mary Kay Cosmetics
Procter & Gamble Co.
Revlon Inc.
Shiseido Co., Ltd.
Others (on additional request)

Market by Category:

By Product Type:

Skin and Sun Care
Dry Skin
Acne
Sunburn
Hyperpigmentation
Oily skin
Fine lines and wrinkles
Dark circles and puffiness
Hair Care
Dry and damaged hair
Dandruff
Oily hair
Frizzy hair
Hair loss
Scalp irritation
Bath & Shower
Dry skin
Body odor
Eczema and psoriasis
Itchy skin
Rough and uneven skin texture
Men’s Grooming (Only Shaving)
Razor burn
Ingrown hair

By Consumer Orientation:

Male
Female
Unisex
Baby & Kids

By Packaging:

Bottles & Jars
Tubes
Pouches & Sachets
Pencils & Sticks

By Sales Channel:

Supermarkets/Hypermarkets
Department Stores
Specialty Stores
Online Sales Channel
Mono Brand Store
Other Sales Channel

By Region:

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

More Insights into the Natural Cosmetics Market:

FMI delivers an unbiased and detailed analysis of the global natural cosmetics market in its latest report along with historical data from 2017 to 2021 and forecast statistics for 2023 to 2033. The report offers insight into a ten-year sales forecast, key market drivers, prevailing trends, opportunities, and challenges. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type, consumer orientation, packaging, end-use industry, and region.

According to the latest reports, based on segmentation, the sachet packaging segment will witness high demand and contribute substantially to total market growth. The use of sachets complies with the elevated need for mass distribution. This type of packaging is also affordable and easy to carry. Thus, the sachet segment will observe greater demand. In terms of product type, the skincare segment will dominate the global marketplace.

Based on the country, the natural cosmetics market in the US will exhibit significant growth. In 2022, the target market in this region accounted for about 82.3% of the North American market share. Consumers are becoming more health-conscious and are increasingly seeking out natural and organic products in all areas of their lives, including cosmetics. Additionally, growing awareness of the harmful effects of synthetic ingredients in cosmetics drives the growth of the natural cosmetics market in the US. Other countries like China and India will also display notable growth in the market. Hence, the US, China, and India will fuel the global growth of the natural cosmetics market.

Author

Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.

Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.

About Future Market Insights (FMI)

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

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Gemstone Market: Glimmering Growth Expected with CAGR of 5.6% by 2033

Based on the latest findings from Future Market Insights (FMI), the gemstone market is valued at US$ 32.38 billion in 2023, with forecasts indicating a potential increase to US$ 55.96 billion by 2033. Projections suggest a Compound Annual Growth Rate (CAGR) of 5.6% from 2023 to 2033, reflecting steady market expansion. This growth trajectory underscores the enduring appeal and demand for gemstones across various industries, including jewelry, fashion, and décor. As consumer preferences continue to evolve, the gemstone market presents opportunities for innovation and strategic market positioning to meet changing demands and capitalize on emerging trends.

The market for gemstones is expanding spectacularly due to consumer demand for jewellery, crystals, and glistening accessories. This increase isn’t simply due to vanity; it’s also a result of changing lives and increased disposable money, since jewellery now serves as a means of self-expression. Furthermore, the popularity of artificial stones, which provide eye-catching colours at reasonable costs, has allowed for a larger market.

Millennials and Gen Z, the trendsetters of our time, are embracing colored gemstones, adding a splash of individuality to their wardrobes. And diamonds? They’re still the perennial favorites, with lab-grown alternatives offering a more ethical and budget-friendly option. In short, the gemstone market is thriving, reflecting a deeper desire for beauty, self-expression, and perhaps, a sprinkle of magic.

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The increasing consumer demand for synthetic and lab-grown diamonds is likely to contribute to the steady expansion of the global gemstones market throughout the forecast period. The integration of gems in jewelry goods is also among the key factors anticipated to propel the expansion of the gemstones market during the forecast period.

Given the enormous sales of diamond jewelry in the United States, North America is the leading region in the gemstone market. The industry is expanding dramatically as a result of the rise in demand for premium gemstones and other rare and distinctive stones. This expansion is related to an increase in consumer expenditure per person on premium ornamental products.

KEY TAKEAWAYS

The market in the United States accounted for 84.1% share in North America.
In 2022, Japan held a 35.3% market share in Asia Pacific.
India seized 31.6% of the Asia Pacific gemstone market.
China held 28.4% of the market in Asia Pacific
Germany accounted for 15.2% of the Europe gemstone market in 2022.

Growth Drivers:

Economic Growth and Rising Disposable Income: Economic prosperity and increasing disposable income levels in emerging economies contribute to the growth of the gemstone market. As people have more disposable income, they are more likely to invest in luxury items such as gemstones.
Fashion Trends and Consumer Preferences: Changing fashion trends and consumer preferences towards unique and personalized jewelry drive the demand for gemstones. Gemstones are often incorporated into jewelry pieces to add color, style, and symbolism, which appeals to fashion-conscious consumers.
Celebrity Endorsements and Influencer Marketing: Endorsements by celebrities and influencers significantly impact consumer perception and drive demand for specific gemstones. Celebrity red-carpet appearances adorned with rare or exotic gemstones can spark trends and increase their desirability among consumers.
Growing Online Retail Platforms: The proliferation of e-commerce platforms provides greater accessibility to gemstones, allowing consumers to browse and purchase from a wide variety of options. Online platforms also facilitate comparison shopping and offer convenience, driving overall market growth.
Rising Demand for Ethically Sourced Gemstones: Increasing awareness about ethical and sustainable practices in the gemstone industry has led to a growing demand for ethically sourced gemstones. Consumers are more inclined to purchase gemstones that are certified as conflict-free and mined under fair labor conditions.
Investment Opportunities: Some gemstones, particularly rare and high-quality ones, serve as investment assets. As traditional investment avenues become volatile, investors turn to alternative assets such as gemstones to diversify their portfolios, driving demand and prices upward.

Industry Restraints:

Supply Chain Challenges: The gemstone industry faces various challenges in its supply chain, including sourcing, mining, processing, and distribution. Issues such as supply chain disruptions, regulatory complexities, and geopolitical tensions in mining regions can constrain the availability of gemstones and impact market growth.
Price Volatility and Speculation: The prices of gemstones can be highly volatile, influenced by factors such as market speculation, fluctuations in demand, and changes in mining conditions. This volatility poses risks for both buyers and sellers in the gemstone market and can deter investment.
Counterfeiting and Fraud: The gemstone market is susceptible to counterfeiting, fraud, and misrepresentation, where synthetic or treated gemstones are passed off as natural and untreated ones. This undermines consumer trust and confidence in the authenticity of gemstones, impacting market growth.
Environmental Concerns: Gemstone mining and processing can have adverse environmental impacts, including habitat destruction, water pollution, and deforestation. Increasing awareness of these environmental concerns has led to greater scrutiny of mining practices and regulations, potentially limiting the supply of gemstones.
Cultural and Geopolitical Factors: Political instability, conflicts, and cultural factors in major gemstone-producing regions can disrupt supply chains and impact market dynamics. Unforeseen events such as trade embargoes, civil unrest, or changes in government policies can create uncertainty in the gemstone market.
Changing Consumer Preferences: Shifting consumer preferences, such as a preference for lab-grown gemstones over natural ones or a shift towards minimalist jewelry styles, can affect demand for traditional gemstones and challenge industry players to adapt their offerings.

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Other Key Players Operating in the Gemstone Market

Anglo American PLC
Petra Diamonds Limited
Rockwell Diamonds Inc.
Gem Diamonds Limited
PJSC ALROSA
Swarovski Group
Rio Tinto Diamonds
DebswanaDiamond Company (Pty) Limited
LucaraDiamond Corp.
Botswana Diamonds P.L.C
Fura Gems Inc.
Dominion Diamond Corporation
Mountain Province Diamonds Inc.
Pangolin Diamonds Corporation
Stornoway Diamond Corporation
Arctic Star Exploration Corp.
Trans Hex Group Ltd.
Merlin Diamonds Limited
KGK Group
Pala International Inc.
MIF Gems Co Ltd.

These players are involved in various activities, such as exploration, extraction, processing, cutting, and polishing of gemstones. They also engage in designing and marketing jewelry products to consumers as well as investing in research and development to improve the quality and efficiency of gemstone production. They also participate in industry organizations to collaborate on sustainability, transparency, and ethical practices.

RECENT DEVELOPMENTS

In November 2022, The House of Meraki x Gemfields J’aime collection was published soon after Gemfields confirmed their partnership with the House of Meraki. Exquisite items from the J’aime line are built exclusively of emeralds from the Kagem mine in Zambia.
In October 2022, through a new partnership with Tracemark and FACET, Greenland Ruby advanced the cause of a sustainable and accountable industry. By introducing a special selection of jewelry items that are only available from the top upscale jewelers in Europe, they teamed up on the path to sustainability.

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Gemstone Market by Category

By Product Type :

Diamond
Emerald
Ruby
Sapphire
Alexandrite
Topaz
Others

By End User :

Jewellery & Ornaments
- Bangles
- Necklaces
- Pendants
- Earrings
- Rings
- Anklets
- Brooches
Luxury Art

By Product Format :

Natural
Synthetic

By Region :

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

Author

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Waterless Wonders: The Waterless Cosmetics Market Surges Forward with a CAGR of 13% by 2033

In 2023, the waterless cosmetics market is projected to be valued at US$ 9700 million, with forecasts indicating significant growth to over US$ 33000 million by 2033. Anticipated to progress at a Compound Annual Growth Rate (CAGR) of 13% throughout the forecast period, this growth reflects the increasing popularity and adoption of waterless cosmetics. Factors such as sustainability concerns, consumer awareness of water conservation, and the demand for eco-friendly beauty products contribute to the market’s steady expansion. As the beauty industry embraces innovation and sustainability, the waterless cosmetics market presents lucrative opportunities for brands and consumers alike.

The waterless cosmetics market is a rapidly growing sector in the beauty industry, as more consumers become aware of the environmental impact of traditional water-based products. While the concept of waterless cosmetics is still relatively new, there are numerous opportunities and trends that are emerging in this market.

Among the significant trends is the use of innovative ingredients in waterless products. For example, some brands are using plant-based oils and butters, as well as natural clays and minerals, to create nourishing and effective skincare products without relying on water. These ingredients offer a variety of benefits, including moisturizing and anti-inflammatory properties, and can help reduce the need for preservatives in the products.

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An emerging trend in the waterless cosmetics market is the use of sustainable and eco-friendly packaging. Numerous brands are using recycled materials or biodegradable packaging to reduce waste and minimize their environmental impact. This includes using refillable containers and reducing the overall amount of packaging materials used.

There are also opportunities in the waterless cosmetics market for brands to focus on specific consumer needs, such as products for sensitive skin or those with specific skin concerns like acne or aging. By using innovative ingredients and packaging and targeting specific niches, brands can differentiate themselves in the market and build a loyal customer base.

Overall, the waterless cosmetics market is a promising sector with plenty of opportunities for growth and innovation. As consumers become more aware of the impact of their purchases on the environment, the demand for sustainable and eco-friendly beauty products is likely to continue to rise, making the waterless cosmetics market a lucrative area for brands to explore.

Business Growth Drivers:

Sustainability Concerns: With increasing awareness about environmental sustainability, consumers are seeking products with reduced water usage to minimize environmental impact. Waterless cosmetics offer a sustainable alternative by eliminating the need for water in their formulations, thereby reducing water wastage and carbon footprint.
Longer Shelf Life: Waterless cosmetics tend to have longer shelf lives compared to traditional water-based products since water can serve as a breeding ground for bacteria and mold. This longevity appeals to consumers who prioritize product durability and value for money.
Concentrated Formulas: Waterless cosmetics often contain highly concentrated formulations, which can provide more potent and effective results. This concentration allows for higher levels of active ingredients without the dilution effect of water, appealing to consumers looking for products that deliver visible benefits.
Travel-Friendly: Waterless cosmetics are typically more compact and lightweight than their water-based counterparts, making them ideal for travel and on-the-go use. The absence of water also eliminates the need for bulky packaging, further enhancing portability.
Innovation and Differentiation: The waterless cosmetics market presents ample opportunities for innovation and differentiation. Brands can experiment with novel ingredients, textures, and delivery systems to create unique product offerings that cater to evolving consumer preferences.

Industry Restraints:

Formulation Challenges: Formulating waterless cosmetics can be technically challenging, especially for certain product categories such as creams, lotions, and shampoos that traditionally rely on water as a primary ingredient. Finding suitable alternatives to water while maintaining product efficacy and sensory attributes can pose hurdles for manufacturers.
Consumer Perception: Despite growing awareness, some consumers may still associate waterless cosmetics with inferior quality or performance. Convincing consumers of the effectiveness and benefits of waterless formulations requires education and transparent communication from brands.
Regulatory Considerations: Regulatory requirements pertaining to cosmetic formulations vary across regions, and manufacturers need to ensure compliance with safety and labeling regulations when formulating waterless products. Navigating these regulatory landscapes can be complex and time-consuming.
Cost Considerations: Developing waterless cosmetics may entail higher research and development costs compared to conventional formulations due to the need for innovative ingredients and manufacturing processes. These higher costs could potentially translate to higher retail prices, which may deter price-sensitive consumers.
Limited Product Variety: While the waterless cosmetics market is expanding, the range of available products may still be limited compared to conventional cosmetics. This limited variety could hinder widespread adoption, particularly among consumers with diverse preferences and needs.

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Key Takeaways from the Phospholipid Market:

The U.S. has emerged as a key market for waterless cosmetics, accounting for nearly 80% of sales in North America.
The skincare category is expected to register a significant growth rate of 4 during the forecast period.
As per the analysis, in terms of consumer orientation, women are expected to hold a notable share of 38.4% during the forecast period.
India accounts for nearly One-fourth of waterless cosmetics sold in South Asia.
Brazil will emerge as an exceptionally lucrative market, exhibiting a CAGR of 13.5% between 2023 and 2033.

How Key Players are revolutionizing the Manufacturing of the Waterless Cosmetics market?

The key players in the waterless cosmetics market are on a mission to revolutionize the beauty industry by eliminating the need for water in their products. They are breaking the mold with innovative formulations that incorporate a range of ingredients that nourish and rejuvenate the skin without the use of water. From plant-based oils to natural clays, these ingredients are carefully selected to provide maximum benefits to the skin, while also reducing the need for preservatives and other harmful additives.

These brands are leading the charge on sustainable and eco-friendly packaging, offering refillable containers and other earth-friendly options that minimize waste and promote a healthier planet. With their commitment to innovation and sustainability, these key players are paving the way for a brighter, more beautiful future in the waterless cosmetics market.

Key Players in the Market:

Unilever Plc
The Waterless Beauty Company
L’Oreal SA
Kao Corporation
The Procter & Gamble Company
Loli
Clensta
Ruby’s Organics
Carter + Jane
Taiki USA
Ktein
Niconi
True Botanicals
Allies Group Pte. Ltd.
Lavedo Cosmetics
No Cosmetics
May Coop
Azafran Innovacion

Recent Developments in the Waterless Cosmetics Industry:

In September 2022, L’Oréal SA acquired Skinbetter Science, fusing indulgent textures with groundbreaking dermatological science for a unique skincare experience.

More Insights Available

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

To understand opportunities in the waterless cosmetics market, the report is segmented on the basis of Product Type (Skincare, Hair Care, Cosmetics and Others), Consumer Orientation (Men, Women and Unisex) Sales Channel (Wholesalers/Distributors, Hypermarkets/Supermarkets, Convenience Stores, Specialty Stores, Departmental Stores, Online Retail and Other Retail Formats), Price Range (Economy (Below US$30), Mid-Range (US$30 to US$60) and Premium (Above US$60)), across 7 major regions (North America, Latin America, Europe, East Asia, South Asia, Middle East and Africa (MEA) and Oceania).

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Market Segmentation

By Product Type:

Skincare
Hair Care
Cosmetics
Others

By Consumer Orientation:

Men
Women
Unisex

By Sales Channel:

Wholesalers/Distributors
Hypermarkets/Supermarkets
Convenience Stores
Specialty Stores
Departmental Stores
Online Retail
Other Retail Formats

By Price Range:

Economy (Below US$30)
Mid-Range (US$30 to US$60)
Premium (Above US$60)

By Region:

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

Author

About Future Market Insights (FMI)

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Automatic Hog Feeder Market Analysis: Industry to Rise at US$ 911 million by 2033

The automatic hog feeder market is predicted to be worth US$ 459 million in 2023 and rise to US$ 911 million by 2033. Dem and is expected to increase at a CAGR of 7.1% during the projected period.

Smart technology is becoming popular in the hog feeding industry. The process is made simple by the creation of automated hog feeders with modern amenities like Wi-Fi connectivity. Farmers can now observe and control their hog-feeding operations from any location, due to remote monitoring and even machine learning capabilities.

The expansion of the world market is impacted by recent advancements like automatic weighing and biometrics. The integration of biometric sensors in hog management software allows for the monitoring of more animals with fewer staff members. It provides precise and unbiased information about their welfare and health.

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Sales of automatic hog feeder have surged as a result of the inefficiency of manual machinery and the high labor costs associated with operating manual feeders. For higher profit margins, manufacturers of automatic hog feeder are creating equipment that is simple to operate and useful.

The usage of automatic hog feeders has grown as a result of the expanding hog population and the rise in disposable income. Additionally, with the demand for hog meat and related products increasing globally, farmers are interested in using automatic hog feeders to increase hog production.

Key Takeaways from the Automatic Hog Feeder Market Report:

In 2022, the US dominated the automatic hog feeder market, with a share of 30.1%.
The demand for automatic hog feeder increased at a 6.4% CAGR between 2016 and 2022, citing FMI’s study.
The expansion in China is anticipated to expand at an adequate CAGR of 5.7% by 2033. China’s market is likely to generate a share of US$ 75.3 million by 2033.
Japan’s automatic hog feeder market share was 4.4% in 2022 due to the rising number of small-scale hog farms.
Between 2023 and 2033, the automatic hog feeder market is likely to increase in India at 3.9% CAGR, respectively.
The expansion in the UK is anticipated to expand at an adequate CAGR of 7.6% by 2033. The UK’s market is expected to generate a share of US$ 38.9 million by 2033.
Germany’s automatic hog feeder market share was 19.9%, with a worth of US$ 85.2 million in 2022.
Australia’s market share for automatic hog feeder was 2.3%, with a worth of US$ 9.7 million in 2022.

“We have observed a significant surge in the adoption of automated feeding systems within the swine industry. Our research reveals that advancements in technology and the pursuit of improved efficiency and productivity in hog farming are driving the growth of this market, with a promising outlook for the coming years.” -says Nandini Roy Choudhury, Client Partner for Food & Beverages at Future Market Insights, Inc.

Competitors Maximizing Their Potential for Greater Market Share:
The fact that there is a lot of demand for what the business offers makes for successful companies. Startups developed from businesses that were able to sell to customers directly or through resellers in low-bandwidth settings and regions with cheap distribution costs.

Important players are also spending a lot of money on marketing and promotional initiatives to outperform their rivals. In addition, these businesses are concentrating on strategic alliances and partnerships to diversify their product offerings and win a sizable market share.

Leading Key Players:

Hog Slat
PS Operating Company LLC
Osborne Livestock Equipment
Sioux Steel Company
CountyLine
O’Mara
Fancom BV
Big Herdsman Machinery
Behlen Country
Miller Manufacturing Company

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Recent Developments:

In May 2022, ANDRITZ unveiled the micro feed system, the 3-Rolls assembly upgrade for the Paladin 2000, and the metris vibe, three new innovations in animal and aqua feed equipment. With a dimension of less than 2mm, the technology enhances capacity by 40% as compared to conventional extrusion machines.
F.H. Schule Mühlenbau, a member of the Kahl Group, and Bratney Companies partnered together in July 2019. For both new and current milling plants, this cooperation involves joint distributorship, sales, and marketing initiatives in the United States.

Automatic Hog Feeder Market Segmentation:

By Type:

Infant Feeders
Adult feeders

By Material:

Stainless Steel
Mild Steel
Others

By Application:

Hunting
Domestic Farm

By Sales Channel:

Direct Sales
Agro Sales

By Region:

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

Have a Look at the Related Reports of the Process Automation Domain:

Automatic Cattle Waterer Market Scope: Global market size is projected to be valued at US$ 560 million in 2023 and is expected to hit around US$ 975 million by 2033. Sales of automatic cattle waterers are expected to rise at a CAGR of 5.7% during the forecast period.

Horse Drawn Farming Equipment Market Growth: The market is set to grow steadily at a 5.5% annual rate. By 2033, it’s anticipated to reach a substantial value of US$ 7.66 billion, reflecting the ongoing relevance of this traditional farming method.

Soda Production Machine Market Share: The market is expected to grow at a CAGR of 3.7% over the estimated period. The industry value is expected to grow from US$ 789.2 million in 2023 to US$ 1,134.9 million in 2033.

Sodium Bisulphite Market to Reach US$ 1.015 Billion by 2033, Growing at 4.3% CAGR

The global sodium bisulphite market value is forecast to increase from US$ 662.6 million in 2023 to US$ 1,015.1 million by 2033. Over the assessment period, global demand for sodium bisulphite is projected to surge at a CAGR of 4.3%.

Industrial grade segment is expected to dominate the global sodium bisulphite industry through 2033. It is set to hold a volume share of 68.6% by 2023. On the other hand, the pharmaceutical grade segment will likely expand at a robust CAGR of 5.7% through 2033.

Growing awareness and emphasis on environmental sustainability have led to increasingly stringent regulations governing water treatment processes. Sodium bisulphite’s effectiveness as a reducing agent and its ability to neutralize contaminants align with these regulations. This is making it a preferred choice for industries striving to meet and exceed environmental standards.

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The escalating global demand for efficient water treatment solutions, driven by expanding industrial activities and population growth, directly contributes to the increased sales of sodium bisulphite. Its versatile applications in purifying water and eliminating impurities position it as a key component in meeting the rising demand for effective water treatment solutions.

Sodium bisulphite’s efficacy in neutralizing harmful contaminants, such as chlorine, in water treatment processes is a significant factor driving its sales. As industries seek reliable methods to ensure water quality and safety, the unique properties of sodium bisulphite make it a valuable asset in addressing these concerns.

Key Takeaways from the Report

The global market for sodium bisulphite is projected to thrive at 3% CAGR through 2033.
By grade type, industrial segment is expected to total a valuation of US$ 692.7 million by 2033.
By end use, the water treatment segment is expected to account for a market share of 0% in 2023.
North America is expected to account for a significant share of about 3% in 2033.
The United States industry value is anticipated to reach US$ 232.8 million by 2033.
China is projected to attain a valuation of US$ 164.5 million by 2033.
Demand in India is predicted to rise at 8% CAGR through 2033.

“The sodium bisulphite market is poised to witness healthy growth due to escalating environmental regulations, expanding industrial sector, and increasing emphasis on improving water quality,” says a lead analysis at Future Market Insights (FMI).

Who is Winning?

Grasim Industries Ltd., INEOS Group Ltd., Chemtrade Logistics, BASF SE, Solvay S.A., LANXESS AG, Grillo-Werke AG, Southern Ionics Inc., Hawkins Inc., Hydrite Chemical, Merck KGaA, Spectrum chemical, and Noah Chemicals are the leading manufacturers of sodium bisulphite.

Key players are focusing on expanding their domestic production to meet growing end user demand. They are also implementing different strategies, including mergers, facility expansions, partnerships, and distribution agreements, to boost their sales and solidify their market positions.

Recent developments:

In 2021, Hawkins, Inc. acquired NAPCO Chemical Company, Inc. along with its affiliates.
In May 2022, B.A. Industries obtained environmental clearance in Gujarat, India, for a chemicals plant that will produce 300 MT/month of sodium bisulphite for dyes and skin disease applications.

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More Insights into the Sodium Bisulphite Market Report

In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the global sodium bisulphite market, providing historical data from 2018 to 2022 and forecast statistics for the period 2023 to 2033.

The study incorporates compelling insights on the sodium bisulphite market based on grade type (food grade, pharmaceutical grade, industrial grade) end use (water treatment, food and beverage, pharmaceutical, textile, pulp and paper, others), and region (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia and Pacific, Middle East and Africa)

About Future Market Insights (FMI)

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

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Pet Carriers Market: Leashed for Growth, Poised to Reach US$1.29 Billion by 2033

The global pet carrier market is forecast to experience a gradual increase over the next decade, with a Compound Annual Growth Rate (CAGR) of 4.1%. This projected growth will see the market value climb from US$866.1 million in 2023 to a projected high of US$1.29 billion by 2033. Industry experts at Future Market Insights anticipate that the top players in the market will hold a market share ranging from 5 to 8%. This indicates a market with a strong core but also room for innovation from emerging players. While the historical CAGR has been 3.4%, the forecast suggests a slight acceleration in growth potential. This could be attributed to factors like rising pet ownership, increasing travel with pets, and growing consumer interest in pet well-being.

The demand in the pet carrier market is driven by a need of traveling individuals to have their pets carried along with them. Occasionally, they have boxes, cages or bags that make pet animals move which is portable pet carriers. It has therefore become convenient to travelers especially to those who walk with pets to travel with their friends. These carriers convey security and tranquility, especially in cases of large pets. They aid in stress reduction during the pet moving period. As such, a great number of pet owners are choosing to use carriers that ensure that the pets travel in a secure environment but also in a comfortable setting.

In today’s world, young people from Millennials and Gen Z generation are having a growing interest in improving their appearance. The pet carriers industry is responding to this trend by introducing new ideas and using technology for something fresh. Big companies making pet carriers are working to create new things that people find good looking. People now have more money to spend, so they can buy these goods easily. So, the pet carrier business is seeing more good-looking and creative products that appeal to today’s fashionable pet owners.

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The tours and travel sector has witnessed a rapid surge, and as a result, tourists now have a strong desire to travel with their pets. This growing trend is driven by reasons such as ensuring the safety and security of their beloved companions and the strong emotional bond they share with their pets. Consequently, there has been a significant increase in demand for pet accessories in general, particularly for pet carriers. The voyage and journey become hassle-free for both the pets and the pet parents. As more pet owners seek to include their furry friends in their travel plans, the pet carriers market is experiencing substantial growth.

The advancing trend of pet humanization reflects the growing focus of pet parents on providing optimal care and comfort for their beloved companions. This heightened emphasis on pet well-being has led to an increased demand for pet carriers made from sustainable and comfortable materials, offering sturdy seats for pets while traveling. As a result, the pet carriers market has experienced significant growth.

Different types of pet carriers are now available in the market, each offering unique features to enhance the comfort of pets during transportation. For example, backpack carriers are designed as compact soft-side bags, incorporating extra mesh panels to facilitate better airflow for the pets. These carriers are typically crafted from resilient polyester or nylon materials, which are pet-friendly and durable.

Many dominant players in the market are also involved in expanding their consumer base. To do so, they are trying to get approvals from various airlines to allow consumers to carry pets in pet carriers, following the rules and regulations of the airline. This opportunity is expected to lead to a substantial expansion in the pet carriers market, resulting in lucrative growth for key players. Moreover, the ease of shopping from e-commerce websites is expected to chime in with the growth aspects of the pet carriers market during the forecast period.

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Key Takeaways

Sales via online distribution channels are expected to soar in the India pet carriers industry, subsequently boosting the growth of the pet carriers market in the projected period, 2023 to 2033.
The reliance of consumers on pets in the regions of Canada and the United States for companionship and emotional security is surging. As a result, these regions accounted for a significant market value in 2022.
Manufacturers in the German pet carriers industry seized the opportunity presented by the market conditions and introduced high-quality products. This move has assisted the manufacturers in the region in expanding their consumer base.

Market Competition

The prominent market players, both established and emerging, are adopting growth strategies such as acquisitions, mergers, and collaborations. These companies are bent on bringing new ideas and innovations to increase their consumer base. They are working towards launching attractive and comfortable carriers in the market.

Recent Developments

Ferplast deals in an extended range of pet carriers that includes Multipla Hamster Crystal, a multi-story cage for hamsters and mice. Superior, a folding dog crate, Multipla Roof Extension, a roof extension modular cage for small pets, and more.
MidWest Homes for Pets is involved in the production of a varied range of pet carriers, and the 2023 product range includes Canine Camper Sportable Tent Crate, Cat Playpen, Contour Dog Crate, Critter Nation, Day Tripper Pet Backpack, Duffy Expandable Pet Carrier and so on.

Some of the key players proliferating in the market are:

PAWS AND PALS, INC.
MidWest Homes for Pets
Ferplast S.p.A.
EliteField LLC.
Pet-Tom.
Pet Gear Inc.
Coastal Pet
Pet Life
Worldwise, Inc.
Doskocil Manufacturing Company, Inc.

Key Segments in the Pet Carriers Market:

By Product Type:

Purse carriers
Sling carrier
Hard Kennel
Other Product types

By Material Type:

Polyester
Nylon
Fur
Others (Plastic)

By Pet Type:

Dogs
Cats
Others

By Sales Channel:

Supermarkets
Specialty Stores
Online stores
Other stores

By Region:

North America
Latin America
Asia Pacific
Middle East and Africa
Europe

Author

About Future Market Insights (FMI)

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Nandini Singh Sawlani

Men’s Pre-Shave Market: Sharp Growth on the Horizon with a CAGR of 6.8% by 2033

The men’s pre-shave market is poised for significant growth, with a projected market value of US$19 billion by 2033, according to industry estimates. This surge represents a substantial increase from its estimated valuation of US$9.8 billion in 2023. This expansion is anticipated to be fueled by a Compound Annual Growth Rate (CAGR) of 6.8% throughout the forecast period. In simpler terms, the market is expected to grow steadily at a rate of 6.8% each year, translating to a larger market size year over year. This indicates a rising adoption of men’s pre-shave products, likely driven by a growing focus on personal grooming and a heightened awareness of the benefits these products offer for a smoother and more comfortable shaving experience.

A notable opportunity lies in the growth of e-commerce. The convenience of online shopping and the increasing digital connectivity have paved the way for direct-to-consumer brands to thrive. This allows smaller, niche players to enter the market and cater to specific grooming needs with unique offerings. The market is witnessing a shift towards multifunctional pre-shave products. Consumers are seeking products that not only provide a smooth shave but also offer additional benefits such as moisturization, soothing properties, and anti-aging effects.

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This trend aligns with the rising preference for simplified grooming routines. Customization and personalization are gaining momentum. Men are looking for tailored solutions that address their specific skin concerns and preferences. Companies are leveraging technology to offer personalized recommendations and create bespoke pre-shave formulations.

Key Takeaways from the Men’s Pre-Shave Market:

By nature, conventional men’s pre-shave products are expected to hold around 25% of the global market share in 2023
Men’s pre-shave creams are expected to be most widely sold, registering a CAGR of 7.1%
By end user, salons and spas are expected to account for over 30% of total demand
North America is expected to be an important market for men’s pre-shave products, expected to rise at a 6.9% CAGR
Asia Pacific to yield significant growth prospects, expected to account for around 35% of the global demand

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“Key players in the men’s pre-shave market are revolutionizing manufacturing through advanced technology, innovative formulations, sustainable practices, and personalized options, setting new standards in quality and innovation”, remarks an analyst at FMI.

How Key Players are Revolutionizing the Manufacturing of Men’s Pre-Shave Products?

Key players in the men’s pre-shave market are revolutionizing the manufacturing process by incorporating advanced technology and innovative techniques. These companies understand the evolving grooming needs of men and are striving to deliver exceptional products that provide a superior shaving experience.

Through extensive research and development, they are introducing cutting-edge formulations that ensure a smooth and comfortable shave, reducing irritation and razor burn. Key players are focusing on sustainable practices, using eco-friendly ingredients and packaging materials. They are also embracing customization, offering personalized options to cater to individual preferences. With their dedication to excellence and customer satisfaction, these key players are reshaping the landscape of the men’s pre-shave market, setting new standards of quality and innovation.

Key Players in the Market:

Mountaineer Brand Products
The Procter & Gamble Company (Gillette)
Pré de Provence
Combe Incorporated
The Real Shaving Co.
eShave, LLC.
Naveh Pharma Ltd.

Market Segmentation

By Nature:

Natural
Conventional

By Product Type:

Oil
Cream
Gel
Soap

By End User:

Retail
Commercial
Fashion Industry and Salons & Spas

By Distribution Channel:

Direct
Indirect
Hypermarkets/Supermarkets
Specialty Stores
Independent Stores
Online Store
Others

By Region:

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

Author

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Aluminum Oxide in Europe: Capitalize on a Market Reaching US$ 4.4 Billion by 2033 with 5.2% CAGR

According to Future Market Insights (FMI), Europe sales of aluminum oxide are likely to reach a valuation of US$ 2,686.1 million in 2023. Between the forecast period 2023 to 2033, aluminum oxide sales in Europe are set to rise at 5.2% CAGR. Total market valuation in Europe will reach around US$ 4,443.8 million by 2033.

Rising demand for aluminum oxide from the ceramic industry is a key factor driving Europe market. Ceramics are widely used in numerous industries such as construction, electronics, automotive, and medical devices.

For instance, ceramic tiles and sanitary ware are extensively used in the construction industry. Similarly, ceramic capacitors and substrates are used in the electronics industry.

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Aluminum oxide is a key component in the production of advanced or engineered ceramics. This includes alumina ceramics, zirconia ceramics, and silicon carbide ceramics.

These products have superior properties such as high strength, hardness, and resistance to wear and corrosion. They find applications in critical sectors such as aerospace, defense, and biomedical.

Growing demand for high-performance ceramics from various industries will continue to boost Europe aluminum oxide sales through 2033.

The increasing adoption of advanced ceramics in high-tech applications such as semiconductors, LEDs, and electronic devices will elevate demand for aluminum oxide. Hence, the ceramics sector will continue to play a significant role in propelling demand for aluminum oxide across Europe.

Further, the growing usage of aluminum oxide in aluminum production will create opportunities for Europe-based aluminum oxide manufacturers.

Key Takeaways from Europe Aluminum Oxide Market:

Europe aluminum oxide market is set to cross a valuation of US$ 4,443.8 million by 2033.
Sales of aluminum oxide across Europe will rise at around 2% CAGR over the forecast period.
By application, aluminum production segment will hold a prominent share of Europe market by 2033.
Based on end use, electronics segment will thrive at 2% CAGR between 2023 and 2033.
Germany market is set to create an incremental $ opportunity of US$ 412.4 million through 2033.
Demand for aluminum oxide in France will progress at 8% CAGR over the next ten years.

“Growing demand from the ceramics industry is creating significant opportunities for the Europe aluminum oxide market. With increasing demand for ceramics from various industries, aluminum oxide sales will rise at a steady pace across Europe. Manufacturers will find significant growth opportunity in tending to critical sectors like aerospace, defense, and biomedical.” – says an FMI analyst.

Competitive Analysis:

Key market participants are expanding their production capacities to meet end user demand across Europe. They are also focusing on strengthening their presence across various emerging markets.

For instance,

In September 2020, BASF SE made an announcement, regarding the launch of their latest palladium alumina catalyst series in the market.

This new series of catalysts are supported by alumina and has been designed to offer improved activity and increased tolerance to toxins such as sulfur. This is achieved through the use of greater Pd dispersion in the catalysts, resulting in a higher level of efficiency.

In February 2022, Norsk Hydro ASA signed an agreement with Agder Energi AS and Lyse Energi AS to build a hydrogen plant in Norway to produce low-carbon aluminum.

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Aluminum Oxide Market Key Players

Alcoa Corporation
Norsk Hydro
BASF SE
Evonik Industries AG
Cabot Corporation
Merck KGaA
J.M. Huber Corporation
Sasol Ltd.
W.R. Grace & Co.

More Insights into the Aluminum Oxide Market Report:

In its latest report, FMI offers an unbiased analysis of the Europe aluminum oxide market, providing historical data from 2018 to 2022 and forecast statistics for the period 2023 to 2033. To understand the market potential, growth, and scope, the market is segmented based on product type, application, end use, and country.

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

Flow Meters Market Size Soars to US$ 13.2 billion by 2033

Flow meters play a vital role in various industries, measuring the rate of fluid or gas flow through a pipe or channel. This essential data is crucial for process control, inventory management, and ensuring efficient operation. The flow meters market is currently experiencing robust growth, propelled by several key factors.

Current Scenario:

Market Expansion: The global flow meter market is estimated to reach over USD 25 billion by 2030, with a healthy Compound Annual Growth Rate (CAGR) ranging from 5.2% to 7.4% depending on the source [1, 2, 3]. This growth is driven by:
- Rise of Automation: Increased automation across industries necessitates accurate flow measurement for optimal process control and efficient resource utilization.
- Growing Water Infrastructure Investment: Aging water infrastructure globally demands upgrades and replacements, creating a need for new flow meters for water management and leak detection.
- Demand for Accurate Billing: Accurate flow measurement is crucial for fair and efficient billing in various industries, such as oil & gas and utilities.
- Stringent Environmental Regulations: Regulations mandating reduced emissions and environmental protection necessitate precise flow measurement for monitoring and control.

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Opportunities for Manufacturers: A Lucrative Tide

Diversification and Innovation: Developing flow meters for various applications, such as high-pressure environments, corrosive fluids, and multi-phase flows, can attract new markets.
Focus on Smart Flow Meters: Integrating features like wireless communication, self-diagnostics, and remote monitoring capabilities can enhance usability and provide valuable data for improved process management.
Compact and Cost-Effective Designs: Developing compact and cost-effective flow meters caters to space-constrained installations and budget-conscious industries.
Emphasis on Material Selection: Utilizing corrosion-resistant and durable materials ensures reliable performance in harsh industrial environments.

Future Scope: Charting the Course for Innovation

- Rise of the Industrial Internet of Things (IIoT): Integration with IIoT platforms allows for real-time data collection, analysis, and remote monitoring of flow meters, leading to predictive maintenance and optimized performance.
- Advanced Sensor Technologies: Incorporating advanced sensor technologies like ultrasonic and Coriolis flow meters can offer higher accuracy and broader application possibilities.
- Focus on Cybersecurity: As flow meters become more interconnected, ensuring robust cybersecurity measures will be crucial to protect against potential hacking attempts.
- Subscription-Based Services: Manufacturers can explore offering subscription-based services for data analytics, remote monitoring, and predictive maintenance based on flow meter data.

Capitalize on Infrastructure Boom: Concrete Fibers Powering the Future of Construction

In 2022, the global concrete fibers market boasted a substantial valuation of US$ 1.91 billion, and the industry is poised for continued growth with a projected market value of US$ 2 billion in 2023. The market’s trajectory remains highly promising, with an estimated valuation of US$ 4.39 billion by the end of the forecast period, reflecting a remarkable compound annual growth rate (CAGR) of 9.75%. This upward trend is primarily attributed to the escalating demand within the construction and commercial sectors, underscoring the pivotal role concrete fibers play in enhancing the durability and performance of various concrete applications.Top of Form

Increasing public investment in infrastructure construction coupled with a growing focus on environmentally safe products in construction is expected to help the industry grow. The rising demand for off-site construction is also expected to drive the demand for the concrete reinforcing fiber industry. The rising population coupled with rapid urbanization and industrialization in emerging economies is driven by the increase in construction spending is likely to boost the global construction industry. This, in turn, is projected to drive the demand for reinforced concrete in various construction applications, thereby driving growth.

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The market is expected to be driven by an increase in commercial construction activities to account for improving economic health. The rise in the growth of commercial sectors like food and consumer goods has called for an increase in office and storage space, which has contributed significantly to the construction industry and the need for durable and aesthetic floorings in the form of paving slabs. Product manufacturers have a highly integrated supply chain with the majority of the players engaging in the production and manufacture of raw materials used in the production of paving slabs. Most of the players in the market also have an extensive direct distribution network which helps in a smooth flow of products and helps them to create a larger product portfolio with multiple customization options, which is a key factor in purchase decisions.

The presence of multiple players with higher quality products and competitive prices with very less product differentiation has led to lower switching costs for the buyer and hence increased the bargaining power of buyers. At the same time, the rising popularity of the product due to its combined properties of strength, maintenance, and beauty has kept the threat of substitutes to a minimum.

Key Takeaways-

The north American concrete fiber industry is anticipated to reach over US$ 1 billion by 2033.
Asia pacific is expected to be the fastest and highest-grossing market to create demand for concrete fibers. The market in this region is expected to be valued at US$ 1.8 billion by the end of the forecast period.
By product type, the steel-concrete fiber market will dominate the segment by amassing over US$ 950 million by 2033.
The glass fibers segment recorded a valuation of around US$ 100 million in 2022 and is poised to depict more than 7.5% CAGR from 2023 to 2033.
The concrete fibers industry from the pavement application amassed over US$ 265 million in 2023 and is anticipated to grow at 9% CAGR between 2023 and 2033.

“The market’s expansion may be linked to a paradigm shift toward workflows and process automation across a wide range of businesses and industrial verticals. Enterprises all over the world are eager to embrace effective and smooth business processes that can be executed regardless of location, which is propelling this industry ahead.” comments an Analyst at Future Market Insights (FMI).

Competitive Landscape-

Some of the major company profiles included in the global concrete fibers market report are-

MBCC Group, Sika AG, The Euclid Chemical Company, Bekaert Corporation, ABC Polymer Industries, Owens Corning, CEMEX S.A.B. de C.V., ArcelorMittal, GCP Applied Technologies, Inc, FORTA Corporation, Nycon Corporation, Fibercon International, Inc., SRW Products, Inc, Technobasalt-Invest LLC.

December 2021: Sika AG is going to extend its operations in both Canada and the United States by forming a partnership with CiDRA Concrete Systems Inc. Thanks to this enterprise, constructors will be able to access up-to-date information regarding various building materials.
In 2020, The STRUX 90/40 macro synthetic fibers mobile app solution, which can be utilized in a number of concrete applications, had its version 2.0 launched by GCP Applied Technologies Inc.
In August 2021, the MBCC group agreed to purchase Fabpro Polymers, a leading creator and manufacturer of synthetic fibers for reinforced concrete and other uses in North America.
In August 2019, Masters builders solutions launched a new Masterfiber website. Masterfiber portfolio is a lightweight and durable concrete reinforcement portfolio for sustainable construction.

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More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global concrete fibers market, presenting a historical analysis from 2018 to 2022 and forecast statistics for the period of 2023-2033.

The study reveals essential insights on the basis of product type [steel fiber, synthetic fiber (Polypropylene, Nylon, Polyester, Other synthetic fibers), glass fiber, natural fibers, basalt fibers )] By Application ( Pavement, shotcrete, precast, Slabs on grade, Composite metal decks, Other Applications) By End-user ( Residential, Industrial & Commercial Infrastructure, Roads& bridges, Others) and regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani