Market Research Blog – Page 3149 – New Product Development

Metal Polish Products Market: Polishing Up a CAGR of 5.7% to Reach US$23.5 Billion by 2032

The Metal Polish Products market, currently valued at US$ 9.2 billion in 2021, is anticipated to embark on a significant growth trajectory over the next decade, reaching a projected market size of US$ 23.5 billion by the end of the forecast period in 2032, reflecting a healthy Compound Annual Growth Rate (CAGR) of 5.7%. This positive outlook is bolstered by a strong initial jump of 4% year-on-year growth, propelling the market value to US$ 13.53 billion by 2022.

Metal surfaces are polished to remove impurities, prevent corrosion on tools, and prevent pipes from rusting. It also improves the appearance of anything and aids in the removal of oxidation.Products for metal polishing are used to remove oxidation from metal objects. This prolongs the metal’s life and prevents rusting.

A growing number of people are purchasing metal polish due to the prevalence of metal-using machinery, antique furniture, and vintage objects.Nothing beats metal polish for restoring the lustre and beauty of metal objects. Additionally, it removes rust since oxidised metal is unsightly, lacks shine, and is easily stained.

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Rising consumer demand for a smoother microscopic surface, better reflection, high gloss and shine in metal products is a key contributing factor to the growth of the metal polish products market. The supply-side participants in the metal polish products market are engaged in the innovation of new products to cater to the consumer demand and thereby complement the growth of the metal polish products market.

Technological Advancements & New Product Innovation drive the Adoption of Metal Polish Products

The global metal polish products market has been registering rapid growth, owing to the use of different metal alloys in machinery, furniture and other metal products due to their cheaper cost and high efficiency. Metal polish products are available in different forms such as foam, tablet, gel, spray and liquid, depending upon the application.

The rising awareness about the availability of these products also complements the growth of the metal polish market. Metal polish products are used to safely clean, protect and shine metal surfaces without causing damage. Recently, a sudden hike in the demand for metal polish products has been observed, owing to their versatile nature, to remove tarnish, clean surface dust, prevent corrosion and surface rust and inhibit oxidation. Metal polish products find a wide range of applications in various metals such as silver, gold, aluminum, stainless steel, bronze, chrome, brass and more.

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Metal Polish Products Market: Market Participants

The key market participants identified across the value chain of the metal polish products market are Tri-Peek International Limited, Rubbedin cleaning products, Canadian Tire Corporation, Limited., California Custom Products Inc., Reckitt Benckiser Group PLC, S. C. Johnson & Son, Inc., Diversified Chemical Technologies, Inc., White Diamond Detail Products, Weiman Products, LLC., Wizards Products, Turtle Wax, Inc., Halfords Limited, Menzerna polishing compounds GmbH & Co. KG and Cyclo Industries, Inc., among others.

Opportunities for Metal Polish Products Market Participants

Globally, the metal polish market has been witnessing significant growth, owing to the rise in the demand for cleaning and polishing products. The market is governed by the innovation of new products, owing to advancement in technology, as a result of which the manufacturers of metal polish products market keep adding new products to their portfolios.

The supply-side participants of the metal polish products market are focussed on making their products more efficient and cost-effective. The emergence of e-commerce and the influence of TV commercials also play a major role in driving the growth of the metal polish products market during the forecast period.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: regional markets, form, end-use & sales channel.

The study is a source of reliable data on:

Metal Polish Products Market segments and sub-segments
Metal Polish Products Market trends and dynamics
Supply and demand
Metal Polish Products Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis

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The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Key Segments Profiled in the Global Metal Polish Products Market

By Form Type:

Liquids
Sprays
Gels
Tablets
Foam

By End Use:

Households
Industrial Use
Metal Manufacturing

By Sales Channel:

Hypermarkets
Supermarkets
Independent Retailers
Multi-Brand Stores
Specialty Retail Stores
Polish Products
Company Website
3rd Party Online Sales

By Region:

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

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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Flat Panel Displays & LEDs Propel Europium Market: 5.5% CAGR Growth Anticipated Over Next Decade

The global europium market is anticipated to create an absolute dollar opportunity over the forecast period by registering a robust CAGR of 5.5% throughout the forecast period from 2022 to 2032. The global market was valued at US$ 225 Million by 2022 to surpass a valuation of US$ 385 Million by the end of 2032. Various technical developments in the field of earth metal nanocrystals are predicted to upsurge the global demand for the europium across the assessment period.

Europium is known as a rare earth metal that oxidizes readily in the presence of air and water. In addition to that, it is generally present in oxide form and comprises various applications in automobiles, catalysts, consumer electronics, flat panel displays, metallurgy, and fluorescent lamps and as a dopant of glass in lasers and optoelectronic devices.

The rising demand for flat panel displays and LEDs along with swelling civil infrastructure are some of the major growth drivers for the fueling up of the global europium market. In addition to that, the surge in the espousal of europium for newer end-use applications, and developing economies such as China, India, and others are anticipated to create a plethora of growth opportunities for the global europium market.

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Key Takeaways

Europium nano-crystals are actively being used in LEDs as an effective phosphor that efficiently emits a massive range of the spectrum. Furthermore, the significant shift from traditional lighting to solid-state lighting systems in displays is expected to fuel the market for flat panel displays and LEDs. The surging demand for Europium is anticipated to propel simultaneously throughout the assessment period.
Europium non-crystals are actively being utilized throughout the LEDs market as a phosphor that emits a wide range of the spectrum. The shift from traditional lighting to solid-state lighting systems in displays is expected to fuel the market for flat-panel displays and LEDs. Thereby, the demand for Europium is expected to grow simultaneously throughout the forecast period.
The rapidly-growing consumer electronics industry across the globe, due to factors such as enhanced internet connectivity, technological advancements, and growing consumer expenditure on premium electronics, is likely to have significant impacts on the overall industry growth.
Some of the factors expected to hamper the growth of the global europium market comprise supply issues and lack of refining. Furthermore, alloying and fabricating technologies are also some other restraining factors.
Attributing to several factors such as limited supply, lack of refining, alloying, fabricating technologies, and ongoing recession in the rare earth industry, the stock price has been extremely unpredictable. Europium production is principally dependent on the production of other earth elements since they exist along with those metals. This trend has a direct trend on the price of the product.
The rapidly growing demand for smartphones, wearables, gears, and smart televisions in developing economies worldwide is likely to propel the consumer electronics industry, which, in turn, is anticipated to benefit the demand for the product over the forecast years.

Competitive Landscape

Some of the key participants present in the global europium market are focusing on research and development to get an edge over the global market.

Key Companies Profiled

Avalon Rare Metals Inc.
Molycorp
Lynas
Minmetals Corporation
Baotou Steel Rare-Earth
Xiamen Tungsten
Great Western Minerals Group Ltd.

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More Insights into the Europium Market

Growing demand for flat panel displays and LEDs in the Asia Pacific market is expected to drive the market. Asia Pacific region was the largest consumer of europium and its derivative products.

China contributes the highest to the consumption of this metal owing to its increasing population, improved living standards, and disposable income. Growing demand from Japan, Korea, and China for consumer electronics is fueling the market in this region. China is the largest manufacturer of europium and its derivatives.

However, export restrictions and increasing local demand have been causing supply issues. The Asia Pacific is followed by North America owing to demand from LEDs and consumer electronics industries. Decreased exports from China caused the development of new exploration and production sites in this region to fulfill the demand.

Europium is used in manufacturing superconducting materials. With the discovery of high-temperature superconductors (HTS) in the late eighties, the vision of using these materials in effective and advanced technological applications became very prominent in the European region.

Europe was the largest region in the superconductors market in 2020. Owing to the increasing demand for energy in the region, the demand for europium is rising rapidly. Researchers are working incessantly to increase the efficiency and potency of energy appliances like wind turbines, thereby adding more value to the sales revenue of the europium market.

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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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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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Unlocking Growth in the Dysprosium Market: Capitalizing on Rising Demand in Automotive and Electronics

The global dysprosium market is anticipated to create lucrative growth over the forecast period from 2022 to 2032 by registering a CAGR of 5.2%. The global market was valued at US$ 5.3 Billion in 2022 to reach a valuation of US$ 8.8 Billion by 2032. The growth of the market is attributed to its dominance as a producer of rare earth elements, Asia Pacific is claimed to be the largest consumer of dysprosium.

The global dysprosium market is expected to increase significantly over the forecast period, owing to rising demand from the automotive and electronics sectors. Furthermore, the increased use of permanent magnets in consumer electronics such as Smartphones, televisions, and loudspeakers is boosting the worldwide dysprosium market.

New and latest trends including electric mobility, clean energy, automation, and energy efficiency are expected to augment the usage of dysprosium, propelling the worldwide dysprosium market growth. Alternatively, different technical advances in dysprosium manufacturing are expected to provide profitable prospects for the development of the dysprosium market in the future years.

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Key Takeaways

The requirement for dysprosium from vehicle manufacturing firms is one of the crucial drivers for the market’s growth. Owing to the augmenting demand for dysprosium throughout the creation of batteries is anticipated to surge the market growth. Dysprosium consists of various pounds of rare earth elements.
Dysprosium is utilized throughout the production of neodymium-iron-boron which comprises high permanent magnets. These magnets are further adjusted into joints in order to treat rheumatoid arthritis. As a result, high demand from the healthcare sector is projected to drive dysprosium demand in the market.
One of the major restraining factors is likely to be dysprosium price fluctuations. The aforementioned factor may impede the global dysprosium market in the future.

Competitive Landscape

Some of the key participants present in the global dysprosium market include Lynas (Australia), Arafura (Australia), Molycorp (California), Avalon (Canada), Greenland Minerals, Tasman Metals Ltd. and Quest Rare Minerals among others. The global dysprosium market is anticipated to be highly competitive attributed to the presence of several global and regional participants.

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More Insights into the Dysprosium Market

Asia Pacific region is anticipated to dominate the global dysprosium market over the forecast period. Growth in the Asia Pacific area is expected to maintain its supremacy throughout the evaluation period. The dominance of the Asia Pacific region is attributed to the region’s fast-paced and expanding automotive sector. In addition to that, the rising technological advancements in the dysprosium market have fueled the development of electric cars, which is the regional demand for dysprosium.

The burgeoning electronics industry is likely to witness a significant surge across the valuation period due to which the Asia Pacific region is expected to grow over the forecast period.

The European region is anticipated to create lucrative growth opportunities over the evaluation period. The market for dysprosium in Europe is set to witness significant growth. According to the analysis conducted by Future Market Insights, the European dysprosium market is likely to expand with a considerable demand for numerous laser materials as well as permanent magnets. Attributed to these above-mentioned factors, the growth of dysprosium is estimated to generate immense revenue in the European market within the next decade.

Ever-changing trends have had a major influence on the growth of the global dysprosium market over the evaluation period. The emergence of electric mobility, energy efficiency, automation, and rising usage of dysprosium in almost every end-use industry. These factors are predicted to accelerate the growth of the worldwide dysprosium market.

Rapid advancements in the technology industry and new ways to employ dysprosium have led to significant market growth over the forecast period. Prominent manufacturers in the global dysprosium market are anticipated to offer profitable prospects for the enhancements of the dysprosium market throughout the assessment period.

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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Glyceryl Caprylate Market: Poised for Steady Growth with a CAGR of 6% by 2032

The Glyceryl Caprylate market is expected to reach a value of US$ 2.4 billion by 2032, propelled by a healthy compound annual growth rate (CAGR) of 6% from 2022 to 2032.

The global market for glyceryl caprylate is growing quickly because more and better beauty products are being made. Also, people care more about personal hygiene nowadays. The main task of the mixer glyceryl caprylate is to make oil and water blend together. It comes from different types of plant oils.

Glyceryl caprylate is usually made from stuff like palm and coconut oils. Cosmetics use glyceryl caprylate because of its features. This helps improve human skin by managing how much water it lets out, keeping fats inside the skin and adding wetness to it. Also, glyceryl caprylate helps to make flavors and smells thicker. It also breaks down false things in it.

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Many products nowadays have multiple uses and provide several good things in just one item. This pattern has made the glyceryl caprylate market grow. It not only improves germ-killing power but also gives good care.

Glyceryl caprylate replaces many normal thickeners and softeners like PQ7, guar gum, Q10 and PEG thickening agents. The match of glyceryl caprylate with natural things makes the market grow because people want more all-natural products everyday.

The market of glyceryl caprylate is estimated to grow globally with the strong presence of many domestic and international cosmetic products manufacturing brands. The increased demand for organic cosmetic and personal hygiene products is an add-on factor fueling the growth of glyceryl caprylate market.

Glyceryl Caprylate Market: Market Dynamics

The current century people are more aware of their looks and appearances. And the global population has an immense interest in gaining knowledge about the ingredients in the products and their effect on their skin. The functions of glyceryl caprylate such as a surfactant, and skin conditioning agent drives the demand from the market following the factors as mentioned above.

Other significant factors propelling the glyceryl caprylate market are a surge in cosmetics and personal care industry, and developments of new cosmetics, personal care, and fragrance products. Moreover, increased awareness among the population for personal care, urbanization, changing the retailing sector, and e-commerce is some of the more factors fuelling the growth of the market.

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The developing countries are forecasted to be the most promising regions in terms of lucrative opportunities as a result of rapid urbanization, rising disposable income of the population, and growing population. Glyceryl caprylate market is expected to have a significant impact on the developing countries in terms of high revenue generation.

Glyceryl caprylate has a natural origin and is safe for baby care products also, thus, creating new opportunities. The market players are now developing products for baby care range with glyceryl caprylate as one of the ingredients.

Glyceryl Caprylate Market: Regional Outlook

North America, Japan, and Europe are the mature markets for glyceryl caprylate and have a prominent market share for products containing glyceryl caprylate. As Europe has a more aging population, more anti-aging skin products are being sold.

Thus, the glyceryl caprylate market growth is high. Although Japan is experiencing a similar scenario as of Europe, China has more youth population. The glyceryl caprylate market growth in East Asia is estimated to be high in a specific country while slow in another country.

Also, North America has a growing aged population. Thus, the glyceryl caprylate market is eventually growing in the region. South Asia market for glyceryl caprylate is forecasted to be the most emerging market and a trendsetter for new products.

The Middle East and Africa (MEA) are anticipated to propel the glyceryl caprylate market with the development of products containing glyceryl caprylate market. The glyceryl caprylate market in Latin America is estimated to exhibit exceptional growth with increased awareness among the population for personal care.

Glyceryl Caprylate Market: Key Players

Some of the major players in the Glyceryl Caprylate market SkinChakra, Parchem fine & specialty chemicals, Stepan Company, ABITEC, BOC Sciences, Kao Corporation, Kingyoung Bio Technical Co., Ltd., Tokyo Chemical Industry Co., Ltd. (TCI), INOLEX Inc., Subhash Chemical Industries Pvt Ltd., Universal Preserv-A-Chem Inc. [UPI], SpecialChem, Evonik Industries, and among others. These key market players are estimated to enhance glyceryl caprylate market growth with innovative product formulations and the new product launch.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

The report covers exhaustive analysis on

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

Regional analysis includes

Malaysia
Thailand
Vietnam
Philippines
Indonesia

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and various geographies.

Author

About Future Market Insights (FMI)

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PE Resins Industry Report: Understanding Growth Factors and Market Dynamics | FMI

The global PE resins market is forecast to expand at 3.3% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 1,43,622.2 million in 2023.

The soaring demand for PE resins from the construction and automotive industries is expected to foster overall market growth. Heightened discretionary income is fueling the demand for individual automobiles, thus augmenting the demand for PE resins.

Packaging solutions are increasingly exhibiting demand from the food and beverage, pharmaceutical, e-commerce, and consumer goods industries. The utilization of PE resins for diverse packaging solutions is projected to boost market growth. Another factor that has bolstered the use of plastics is changing consumer lifestyles and hectic work schedules.

A surge in globalization has also increased the export and import activities, thus boosting PE resins consumption. Additionally, modifying consumer purchasing behavior and surging proclivity toward online shopping is fueling the packaging sector’s growth. Further, many end-use industries, like electrical and electronics, and pharmaceuticals, have established online website portals to sell their products.

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Food and beverage manufacturers opt for flexible packaging, primarily for the packaging of convenience foods like ready-to-eat meals, and frozen meals. Further, the building and construction segment of the market is influenced by rapid urbanization, increasing infrastructure expansion activities, and renovation of old structures. PE resins are deployed in the building and construction products spanning pipes, roofing, and fittings.

The soaring integration of engineering plastics in automobiles is also propelling the market growth. Plastics are now increasingly used in vehicles to replace their metal parts or components to reduce their overall weight.

The market growth may be obstructed by the oscillating crude oil prices that influence resin prices.

Top Highlights from the FMI’s Analysis of the PE Resins Market:

The United States PE resins industry is expected to acquire a 16.4% market share in the estimated time.
The German PE resins industry is predicted to account for a 4.3% market share in 2023.
In Japan, the PE resins industry is estimated to contribute 5.1% in 2023.
The India market is anticipated to register a 4.3% CAGR over the forecast period.
The China market is projected to expand at 3.9% CAGR in the predicted period.
The United Kingdom is expected to expand at 2.8% CAGR over the assessment period.
Based on resin type, the LDPE segment is expected to obtain a value share of 42.2% by 2023.
Based on the end-use category, the packaging segment is projected to attain 35.5% by the year 2023.

Innovation Watch: Key Developments in the Market

DuPont signed a contract to divest its mobility and materials category to Celanese in February 2022. This agreement within the advanced solutions and performance resins business lines holds US$ 3.5 billion in net sales. With this development, the company aims to create an impressive portfolio and cater to different markets like automotive, consumer, and industrial markets.
BASF introduced RegXcellence, which is a new service for the regulatory purposes of plastic additives in February 2022. This service delivers digital solutions in tandem with advisory support to boost innovation opportunities.
NOVA Chemicals Corporation, in February 2021, created a sequence of customizable film designs made of post-consumer resin. These film structures incorporated with post-consumer low-density polyethylene can be modified to serve the demands of film applications.

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PE Resins Market by Category

By Resin Type:

HDPE
LDPE
LLDPE

By End Use:

Packaging
- Flexible Packaging
- Rigid Packaging
Consumer Goods
Automotive & Transport
Building & Construction
Textiles
Agriculture & Horticulture
Electricals & Electronics

By Region:

North America
Asia Pacific
Western Europe
Eastern Europe
Latin America
The Middle East and Africa (MEA)
Japan

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

Unlocking Growth: 3.8% CAGR Propels Sulfamic Acid Market to US$ 416 Million by 2034

The sulfamic acid market is projected to register a 3.8% CAGR from 2024 to 2034. The market value is expected to increase from US$ 286.28 million in 2024 to US$ 416.24 million by 2034. The versatile applications of sulfamic acid in miscellaneous industrial processes, cleaning products, and water treatment have contributed to a significant demand for this acid. Sulfamic acid is used as a cleaning agent in various industries, including pharmaceuticals, food and beverage, and personal care. Additionally, its effectiveness in water treatment processes has made it a popular choice among water treatment plants.

In agriculture, sulfuric acid is known to be a source of nitrogen and a soil conditioner. It can be added to fertilizer to increase the availability of nitrogen for plants. Furthermore, sulfamic acid is useful in agricultural activities where managing soil pH is essential for optimum plant development because of its capacity to modify soil pH.

A crucial step in the synthesis of several medicinal molecules is sulfamic acid. It is used in the production of antibiotics, antiviral medicines, and pharmaceutical intermediates, among other pharmaceuticals. It is a favored option in pharmaceutical manufacturing due to its excellent purity and compatibility with pharmaceutical operations.

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Sulfamic acid is mostly used as a cleaning and descaling agent in the food processing industry. In food manufacturing facilities, it cleans equipment surfaces of mineral deposits, scale, and stains to maintain sanitary conditions and food safety regulations. It is appropriate for usage in settings where food is processed due to its efficiency in eliminating impurities without leaving residues.

Sulfamic acid is less expensive but still effective compared to other compounds. Because of its price, it appeals to sectors looking for economical solutions that don’t sacrifice performance. Furthermore, because sulfamic acid may be used in various applications, businesses in multiple industries can benefit from economies of scale and simplified procurement procedures.

“Sulfamic acid is being used more often in the food processing, pharmaceutical, and agricultural industries due to its several uses and affordability. Sulfamic acid is expected to remain a valuable chemical with growing applications across various sectors as long as companies persist in their pursuit of sustainable and efficient solutions,” says an analyst at Future Market Insights.

Key Takeaways from the Sulfamic Acid Market

The United States sulfamic acid industry is projected to experience a CAGR of 2% through 2034.
Japan’s sulfamic acid market is expected to rise at a CAGR of 5% through 2034.
The Indian sulfamic acid industry is anticipated to see a CAGR of 2% through 2034.
The German sulfamic acid industry is set to grow at a significant CAGR of 8% through 2034.
China’s sulfamic acid market is expected to display a favorable CAGR of 5% through 2034.

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Competitive Landscape of the Sulfamic Acid Market

Manufacturers of sulfamic acid are diversifying their product lines to cater to a range of markets, such as water treatment, cleaning products, and medicines. To keep customers satisfied and concentrate on new or specialized markets, they use quality control procedures. Additionally, they spend money on research and development to create novel product combinations with enhanced features or economic viability.

Businesses invest in environmentally friendly production techniques and encourage their usage in ecologically friendly applications as sustainability gains importance. This approach seeks to maintain excellent product quality while satisfying industry and customer demands.

Key Companies in the Sulfamic Acid Market

BASF SE
Sigma-Aldrich Corporation (Merck KGaA)
Transpek Industry Limited
Tianjin Xibeier International Co., Ltd.
Avantor Performance Materials, LLC
Nanjing Jinglong Chemical Co., Ltd.
Hubei Hongyuan Pharmaceutical Technology Co., Ltd.
Nippon Carbide Industries Co., Inc.
Shandong Xinghua Chemistry Co., Ltd.
DI-CORP
Palm Commodities International
Raviraj Chemicals

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Key Market Segmentation

By Product Type:

Solid
Liquid

By End Use:

Industrial Cleaning
Chlorine Water Treatment
Chemical Manufacturing
Paper and Pulp
Electroplating and Electrorefining
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
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

Electrostatic Precipitator Market Set to Surpass US$ 15 billion by 2033

In 2023, the electrostatic precipitator market is expected to be worth US$ 7 billion. The market is expected to reach US$ 15 billion by 2033, expanding at an 8% CAGR throughout the forecast period. The electrostatic precipitator industry is driven by several factors, including the quick development of emerging nations and the increasing need for air quality management.

Electrostatic precipitators are becoming necessary as a result of the growing demand for power and the rise of urbanization. The need for electrostatic precipitators is also being driven by the expansion of enterprises and power plants. The increased demand for these gadgets is also being fueled by growing awareness of the harmful impacts of air pollution on health.

The electrostatic precipitator industry faces several obstacles, including high initial costs, high maintenance costs, and a lack of suitable alternatives. For new companies in the industry, the high initial cost of electrostatic precipitators represents a considerable barrier. Additionally, these devices can have high operational and maintenance costs, which end users find concerning.

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The market is flooded with opportunities that provide comparable advantages at a cheap price, which is a serious threat to the electrostatic precipitator sector. The necessity for air pollution control measures in growing economies and the rising demand for clean energy might help the electrostatic precipitator sector expand.

The electrostatic precipitator business has a lot to gain from the expansion of renewable energy sources like solar and wind power since these fuels are increasingly combined with fossil fuels to cut greenhouse gas emissions. In addition, strong laws on air pollution have resulted from the increasing need for green energy sources, which presents a substantial potential for industry participants.

The creation of cutting-edge technologies like hybrid electrostatic precipitators and the expanding use of digital technology are the most recent trends in the electrostatic precipitator industry.

Electrostatic precipitators that combine two or more technologies work better and are efficient too. To operate and maintain electrostatic precipitators as efficiently as possible, digital technologies like the Internet of Things (IoT) and Artificial Intelligence (AI) are also being deployed. These technologies contribute to low maintenance costs, increased device efficiency, and less downtime.

Key Takeaways from the Electrostatic Precipitator Market:

The electrostatic precipitator industry in the United States is predicted to reach US$ 5 billion by 2033, increasing at a 6.8% CAGR.
The electrostatic precipitator industry in the United Kingdom is estimated to reach a market share of US$ 0.71 billion, expanding at a CAGR of 7.2% by 2033.
During the forecast period, the electrostatic precipitator industry in China is expected to reach a market share of US$ 1.8 billion, securing an 8.8% CAGR.
The electrostatic precipitator industry in Japan is predicted to reach US$ 1.52 billion by 2033, increasing at a 7.4% CAGR.
South Korea’s electrostatic precipitator industry is predicted to achieve a market share of US$ 0.88 billion, rising at an 8.4% CAGR during the forecast period.
With a CAGR of 7.9% from 2022 to 2033, the dry system segment is expected to dominate the electrostatic precipitator industry.
With a CAGR of 7.8% from 2022 to 2033, the power generation industry is expected to dominate the electrostatic precipitator industry.

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How Does the Competition Look in the Electrostatic Precipitator Market?

The electrostatic precipitator industry has a highly competitive landscape, with a significant number of players vying for market share. Several significant participants in this industry comprise Babcock & Wilcox Enterprises, Mitsubishi Heavy Industries, Ltd., Siemens AG, General Electric Company, and Thermax Limited, among other companies.

The main players are notably investing in research and development endeavors to create novel and inventive goods that provide improved effectiveness, dependability, and affordability. They are additionally concentrating on broadening their range of products and reinforcing their distribution channels to meet the changing demands of clients.

Tactical alliances and associations with other corporations are progressively prevalent in the sector, enabling participants to utilize one another’s capabilities and broaden their influence in the marketplace.

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

Key players are expanding their presence in these markets by establishing local manufacturing facilities and strengthening their distribution networks. They are also focusing on offering cost-effective solutions to customers in these markets to gain a competitive edge.

Saturated Polyester Resins: Eco-Friendly Solution Drives Market Growth at 6.10% CAGR by 2034

The global saturated polyester resin market is anticipated to witness substantial growth, with an estimated size of US$ 4.4 billion in 2024 and a projected Compound Annual Growth Rate (CAGR) of 6.10% over the forecast period. By 2034, it is expected to reach a market size of approximately US$ 8 billion. This growth trajectory is indicative of increasing demand across various industries such as automotive, construction, and electronics, driven by the resin’s versatile properties and applications. Factors like rising infrastructure projects, technological advancements, and growing environmental concerns favoring sustainable materials are likely to further propel the market’s expansion in the coming years.

The demand for saturated polyester resins is increasing in the automotive, construction, and packaging industries due to their excellent mechanical properties and durability. The construction industry, particularly in emerging economies, is also driving the demand for high-performance coatings, adhesives, and sealants. Additionally, the expansion of the packaging industry, mainly in the food and beverage sector, is leading to increased usage of saturated polyester resins for flexible packaging applications.

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Rising consumer awareness regarding sustainable and environmentally friendly products is also leading to the adoption of bio-based and recycled saturated polyester resins. Moreover, increasing investments in infrastructure projects, such as bridges, roads, and railways, in countries such as India, China, and the United States, are boosting the demand for corrosion-resistant coatings and composite materials.

The adoption of powdered coatings is growing in various end-use industries due to their superior performance, ease of application, and environmental advantages. Furthermore, the expansion of the electronics industry, particularly in the Asia Pacific, is also driving the demand for specialized coatings and encapsulation materials. Rapid industrialization and urbanization in developing countries are leading to increased demand for industrial coatings, composites, and laminates for infrastructure and manufacturing applications.

“In today’s competitive landscape, it is imperative for companies operating in the saturated polyester resin market to prioritize the development of eco-friendly products and manufacturing processes to meet increasing consumer and regulatory demands for sustainability,” says an Analyst at Future Market Insights, Inc.

Key Takeaways from the Market Study

The coatings segment is expected to dominate the saturated polyester resin industry, recording a CAGR of 6.00%.
Based on end-user segmentation, the automotive segment is poised to lead the saturated polyester resin industry, registering a CAGR of 5.70%.
The saturated polyester resin industry in the United Kingdom is anticipated to grow at a modest CAGR of 7.20% through 2034.
The saturated polyester resin market in China is estimated to rise at a CAGR of 6.80% through 2034.
The saturated polyester resin industry in Japan has the potential to increase at a projected CAGR of 7.40% through 2034.
The United States saturated polyester resin industry is predicted to rise with a CAGR of 6.20% through 2034.
The saturated polyester resin industry in South Korea is likely to grow at a CAGR of 6.90% through 2034.

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Competitive Landscape

The saturated polyester resin market is highly competitive, with numerous players catering to both international and domestic consumers.

Key Companies in the Market

Koninklijke DSM N.V.
Allnex
Arkema S.A.
Hitachi Chemical Co. Ltd.
Stepan Company
Nuplex Industries Ltd.
Evonik Industries AG
Covestro AG
Eternal Materials Co., Ltd.
Dynea AS
Hexion Inc.

Recent Developments:

In December 2023, BASF facilitated the supply of Neopentyl Glycol from Zhanjiang to KHUA, one of the leading companies in the saturated polyester resins market. This supported the growing demand for low-emission powder coatings in the Asia Pacific, with a specific focus on China. KHUA also announced plans to establish a 100 KT/a production facility for high-end saturated polyester resins in Zhanjiang.
Arkema, a key player in the saturated polyester resin industry, concluding a 20-year solar power purchase agreement (PPA) with EDF Renewables in January 2024. This agreement secures 70% of Bostik’s electricity requirements across its French sites, totaling 400 GWh annually. The deal also represents a significant stride towards embracing sustainable energy practices.

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Saturated Polyester Resin Market by Segmentation

By Application:

Coatings
Adhesives
Composites
Others

By End-user:

Automotive
Aerospace
Construction
Packaging
Others

By Region:

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

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

Resin Capsule Market Poised for Explosive Growth: Hitting US$ 2.1 Billion by 2034

The resin capsule market is anticipated to be valued at US$ 1.3 billion by 2024. The market valuation is estimated to be US$ 2.1 billion by 2034, projected at a CAGR of 5.2%. The market is a thriving sector that provides innovative anchoring and reinforcement solutions primarily utilized in the construction, mining, and tunneling industries. Resin capsules are pre-measured quantities of resin enclosed in a sealed container designed to be inserted into drill holes, where they subsequently cure and form a robust bond with surrounding materials.

One key advantage of resin capsules is their quick and efficient installation process, which significantly reduces project timelines and labor costs compared to traditional anchoring methods. Resin capsules boast high load-bearing capacity and resistance to various environmental factors, making them ideal for use in demanding applications. The demand for resin capsules is primarily driven by the global surge in infrastructure development projects, particularly in regions with extensive construction and mining activities.

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Rapid urbanization, population growth, and increasing infrastructure investment further fuel the market’s growth trajectory. Stringent safety regulations and the need for reliable anchoring solutions in hazardous environments contribute to the market’s expansion. Innovation plays a crucial role in shaping the resin capsule landscape, with key players continuously striving to enhance product performance, safety standards, and environmental sustainability.

Advancements in resin formulation technologies and developing eco-friendly and non-toxic alternatives are driving the market forward. Strategic collaborations, mergers, and acquisitions among industry players contribute to market consolidation and foster innovation.

Key Takeaways from the Market Study

Based on catalyst type, the organic peroxide is projected to expand at 5.1% CAGR by 2034.
China is estimated to register at a CAGR of 6.1% by 2034.
South Korea experiences significant growth, projected at a CAGR of 6.3% by 2034.
Based on resin type, polyester is anticipated to expand at a CAGR of 5% by 2034.

“The increasing demand for construction and infrastructure projects worldwide serves as a significant driver for the resin capsule market,” says an Analyst at Future Market Insights (FMI).

Competitive Landscape

The competitive landscape of the resin capsule market is characterized by the presence of several key players vying for market share. These companies compete based on product quality, technological innovation, pricing strategies, and geographical presence.

Strategic partnerships, mergers, and acquisitions play a significant role in shaping the competitive dynamics of the market, with players continually seeking to enhance their offerings and expand their market reach.

Leading Players in the Resin Capsule Industry

Sika AG
Barnes Group Inc.
Orica Limited
DYWIDAG-Systems International
Bohle AG
Rawlplug
Sormat OY
Arkema SA
Fischer Holding GmbH & CO.
Hexion Inc.
Koelner Rawlplug IP

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More Valuable Insights Available

Future Market Insights offers an unbiased global resin capsule market analysis, providing historical data from 2019 to 2023 and forecast statistics from 2024 to 2034

To understand market opportunities, the resin capsule market is segmented based on Catalyst Type (Organic peroxide, Water-based, Oil-based), Resin Type (Polyester, Epoxy, Acrylic, Others), End-use Industry (Construction, Mining, Manufacturing, Others), and Region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and the Middle East and Africa).

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Emerging Economies Drive Calcium Silicate Insulation Market: A Lucrative Opportunity for Manufacturers

The calcium silicate insulation market is estimated to be worth US$ 284.1 million in 2024 and is projected to be valued at US$ 456 million in 2034. Between 2024 and 2034, the industry is expected to expand at a 4.8% CAGR.

The booming construction industry, especially in emerging economies, is driving the demand for calcium silicate insulation in residential, commercial, and industrial buildings. The need for effective thermal insulation to comply with building codes and regulations is fueling market growth.

The market for calcium silicate insulation is expanding due to heightened focus on energy efficiency and sustainability across industries. This trend is driving increased adoption of calcium silicate insulation as a solution to minimize heat loss and enhance thermal performance, thereby fostering market growth.

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Calcium silicate insulation is known for its excellent fire resistance properties. The implementation of stringent fire safety regulations across industries such as construction, oil and gas, and manufacturing is propelling the demand for fire-resistant insulation materials, contributing to market growth.

Growing industrialization and infrastructure development projects worldwide are driving the demand for calcium silicate insulation in applications such as HVAC systems, piping insulation, and equipment insulation, boosting market growth.

Key Takeaways

From 2019 to 2023, the calcium silicate insulation market expanded at a CAGR of 5.3%.
Based on the temperature, the high temperature segment is expected to rise at a CAGR of 6% from 2024 to 2034.
The calcium silicate insulation demand in China is predicted to grow at a CAGR of 5.8% through 2034.
In the United States, the calcium silicate insulation industry is estimated to register a CAGR of 4.9% from 2024 to 2034.
The United Kingdom is projected to expand by a value CAGR of 5.5% between 2024 to 2034.
The calcium silicate insulation market in Japan is anticipated to record a CAGR of 5.6% during 2034.

“The surge in global industrialization and infrastructure development is a key catalyst propelling the growth of the calcium silicate insulation market.” says an FMI analyst.

Competitive Landscape

Key players in the global calcium silicate insulation market are strategically prioritizing collaboration, expansion, and the introduction of innovative products. These organic growth strategies are emerging as notable trends across the competitive landscape of the industry. The market players are investing in R&D activities to improve existing products, explore new applications, and stay ahead of technological advancements in the insulation industry.

In May 2023 – Etex, has completed the acquisition of Skamol. This strategic move reinforces Etex’s commitment to sustainable solutions in response to the growing demand for energy-efficient insulation products. Skamol’s expertise in high-temperature insulation complements
Etex’s existing portfolio, creating synergies that expand their offerings in both building and industrial applications. Together, the combined organizations are poised to deliver a broader range of innovative solutions to meet the evolving needs of customers worldwide.

Top Key Players

Promat International
Johns Manville
Skamol
Isolatek International
L’ISOLANTE K-FLEX
NICHIAS Corporation
Etex Group

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More Valuable Insights Available

Future Market Insights offers an unbiased global calcium silicate insulation market analysis, providing historical data from 2019 to 2023 and forecast statistics from 2024 to 2034.

To understand opportunities in the calcium silicate insulation industry, the industry is segmented based on temperature (high temperature, and mid temperature) type (blocks, pipe sections, curved segments, and sheets), end use (metals, industrial, power generation, petrochemical, transport, and others) and region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and 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