Market Research Blog – Page 3236 – New Product Development

Hotel Central Reservation System Market Projections: Surpassing US$ 800.84 Billion with 8% CAGR by 2032 | FMI

In 2022, the market for hotel central reservation systems is expected to be valued US$ 400.06 billion. The market is expected to grow at an 8% CAGR and reach US$ 800.84 billion in sales by 2032.

Hotel Central Reservation Systems are all in one softwares used by hospitality sector, for easier management of bookings and reservation, along with inventory and property management. The hotel and resort chains with more multiple properties in different regions find it hard to manage these properties and the bookings, especially during the holidays and touring seasons.

Bookings at the front desk are tiresome and confusing, and reservations on phone or by the third party operators are risky and uncertain. At such time, tourists are relying on online booking channels. The booking channels are connecting tourists to the number of hotels and resorts and making bookings lot easier.

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Hotel management use CRS, which automates processing and sorting of bookings and reservations in accordance with customer requests, to manage these bookings made through mobile applications, websites, and OTAs.

Key Takeaways from the Hotel Central Reservation Systems Market Study:

The North America, Europe and Asia Pacific regions hold a market share of ~26%, ~22% and ~18% respectively.
COVID-19 affected 0.45% to the Hotel Central Reservation Systems market.

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Key Manufacturing Companies:

OPERA Property Management System
eZee Front desk
Room Master
Hotelogix PMS
MSI CloudPM
Rezlynx PMS
CenDyn
Vertical booking
Amadeus
eRevMax
SHR
GuestCentric

Hotel Central Reservation System by Category

By Operation Type (% of Demand):

Offline
Cloud-Based

By Booking Channel (% of Demand):

Phone Booking
Online Booking
In Person Booking

By Sales Type (% of Demand):

Direct Sales
Distribution Sales

By User (% of Demand):

Big Enterprises
Small Enterprises
Individuals

About Future Market Insights (FMI)

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

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Future Market Insights Inc.
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India Retail Mineral Turpentine Oil Market Projections Suggest a Staggering Valuation of US$ 113.2 Million by 2032, Fueled by Steady 9.5% CAGR Growth

Future Market Insights in its latest market study reveals that the India retail mineral turpentine oil (MTO) industry is highly consolidated where the majority of shares are held by a few domestic leading players. Key players operating in the market majorly deal in bulk quantities of MTO.

The India retail mineral turpentine oil (MTO) market is projected to reach a valuation of US$ 45.8 Million by the end of 2022. It is expected to top a valuation of US$ 113.2 Million by 2032. Sales of retail mineral turpentine oil in the country are expected to witness a steady growth rate at a CAGR of 9.5% during the evaluation period from 2022 to 2032.

Retail packaging sizes of MTO are generally repacked by distributors or retailers. Hence, the India retail mineral turpentine oil market is fragmented and is expected to hold immense potential for key players operating in the market.

The retail packaging of MTO has witnessed high growth rates over the past few years. Key players can gain substantial momentum and capture the majority of market shares by launching MTO in retail sizes. They are striving to introduce their in-house products with innovative brand names and high quality in the market to expand their client base.

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Mineral turpentine oil is expected to find its majority of applications in paints and coatings for the manufacturing of products such as thinners and wood primers. Paint manufacturers are primarily active in retail sales of MTO through their authorized outlets. Paint manufacturers are also focusing on creating robust sales networks with the presence of various authorized dealers and customer loyalty programs.

Key Takeaways: India Mineral Turpentine Oil Market

From 2017 to 2021, the market for retail mineral turpentine oil in India expanded at a compound annual growth rate (CAGR) of 1%.
North India is expected to account for 7% of the overall India retail mineral turpentine oil market share in the evaluation period.
The West India retail mineral turpentine oil market currently holds around 8% of the value share in the India market.
Based on application, the wood primers segment is estimated to account for around 7% of the retail mineral turpentine oil produced in India.
The 10.1 L – 20 L packaging size segment is expected to account for the majority of share in the India retail mineral turpentine oil market in the next ten years.

Competitive Landscape: India Retail Mineral Turpentine Oil Market

Key Companies Profiled

Bharat Petroleum Corporation Limited
Hindustan Petroleum Corporation Limited
Indian Oil Corporation Limited
Nayara Energy Ltd.
Mehta Petro-Refineries Limited
Jay Chemical
Shambhoo Petrochem (p) Ltd.
Paragon Chemicals
TotalEnergies S.E.
Idemitsu Kosan Co. Ltd
Shell Plc
ExxonMobil Corporation
Witmans Industries Pvt.Ltd
Labdhi Petrochem

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Get More Insights into the India Retail Mineral Turpentine Oil Market Report

In its latest report, Future Market Insights offers an unbiased analysis of the India retail mineral turpentine oil market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022 to 2032. To understand the Indian market potential, growth, and scope, the market is segmented based on packaging size, application, and region.

India Retail Mineral Turpentine Oil Market Outlook by Category

By Packaging Size:

100 mL – 499 mL
500 mL -1 L
1.1 L – 5L
5.1 L – 10 L
10.1 L – 20 L

By Application:

Paint Thinner
Wood Primers
Dry Cleaning
Brush Cleaning
Art Works
Others

By Region:

North India
South India
East India
West India

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

Hydrophobic Coatings Market Forecasted CAGR of 5.5% Sparks Optimism with Anticipated Valuation of US$ 3.42 billion by 2032

The demand for hydrophobic coatings is anticipated to reach a high of US$ 3.42 Billion by the year 2032. The global industry is projected to have a moderate-paced CAGR of 5.5% during the forecast period. The current valuation of the hydrophobic coatings market is US$ 2 Billion in 2022.

The demand for hydrophobic coatings is growing as a result of efforts made by governments of developing countries to stimulate their economies. In December 2021, for instance, researchers at India’s International Advanced Research Centre for Powder Metallurgy & New Materials created super-hydrophobic industrial coatings for stainless steel. Members of the group have investigated the breakthrough with an eye toward implementing it in the maritime, mechanical, electronic components, piping, power, and nuclear sectors.

Products that have industrial coatings are better able to withstand water because they prevent water from adhering to their surfaces. Because of population growth and urbanization, construction projects are on the rise across the globe. This is especially true in the rapidly developing economies of Asia.

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In addition to rising disposable income and shifting consumer preferences, the expansion of the automotive industry is also anticipated to boost demand for industrial coatings. The top companies in this industry are spending heavily on research and development as well as mergers, acquisitions, and partnerships in order to maintain or expand their dominant hydrophobic coatings market positions. Private and public investment aimed at expanding product use into new areas is expected to strengthen the strategic landscape of the industry.

Key Takeaways

Since many different types of vehicles, aircraft, and medical gadgets are mass-produced in these regions, North America and Europe together make up more than half of the global hydrophobic coatings market.
In 2022, the automobile industry accounted for over 20% of the product’s entire demand.
The anti-microbial coating is predicted to have the highest growth rate due to its widespread use in the healthcare sector.
Since it is increasingly being used in the production of biocompatible stainless-steel operating and surgical tools, demand for the product is anticipated to increase dramatically in the medical industry.

Competitive Landscape

Some of the most important companies in the hydrophobic coatings market include

PPG
3M
NEI Corporation
Nippon Paint Holdings Co., Ltd.
BASF SE
Ant Lab
Surfactis
Aculon
Aakzo Nobel
Abrisa Technologies
Cytonix
NEI Corporation
NeverWet
Nippon Paint Holdings Co., Ltd.

In order to keep their dominant position in the hydrophobic coatings market, the corporations focus primarily on developing new products and enhancing their production capabilities.

Recent Developments

GKN Aerospace’s transparencies centre of excellence in Garden Grove, California, was the location in July 2018 where the company introduced a new hydrophobic coating for cockpit glass. A permanent surface treatment that greatly enhances resistance to surface abrasion also provides the rain-shedding in-flight/ground activity that is provided by the surface.
NEI Corporation launched the UV-Protect (UVP) technology in March of 2018, with the goal of developing upgraded versions of its successful NANOMYTE® coating products. These upgraded versions are intended to deliver distinctive characteristics in coatings that have unrivalled durability. The NANOMYTE® line of surface treatments and protective industrial coatings coatings include characteristics such as hydrophobicity, oleophobicity, self-healing, fog resistance, scratch resistance, anti-icing, self-cleaning, and anti-corrosion. These characteristics can be found in the protective coatings.

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Key Segments in the Hydrophobic Coatings Market

By Property:

Anti-microbial
Anti-icing/wetting
Anti-fouling
Anti-corrosion
Self-cleaning
Others

By Application:

Aerospace
Automotive
Construction
Medical
Optical
Others

By Region:

North America
Latin America
Asia Pacific
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 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

Staple Acrylic Fibers Set to Redefine Global Market Landscape with a Projected Worth of US$ 4,230.9 Million by 2032

FMI predicts the overall staple acrylic sales to rise at 3.6% CAGR owing to consistent demand from the textile industry, which is a major consumer of acrylic fibers and consumes more than 50% of the total staple acrylic fiber production. The global industry is expected to grow from US$ 2,964.4 Million in 2022 to US$ 4,230.9 Million by 2032.

Although acrylic fabric is among the least breathable types of textiles, it is preferred for applications requiring heat retention. For instance, tracksuits, hoodies, and athletic pants are frequently constructed of acrylic fabric.

The market has been predominantly influenced by certain macroeconomic and industrial factors including demographic dividends, textile industry growth, economic growth, per capita disposable income, etc.

In its natural condition, acrylic is very similar to wool; but, depending on the spinning mechanism employed, it can be made to resemble other fabrics, such as cotton. Acrylic feels like wool and is warm, soft, and lightweight. It has great colorfastness and stains quite successfully.

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Staple acrylic has become a popular material for upholstery, carpeting, rugs, and other conventional wool-dominated homeware product categories. Demand for staple acrylic fibers from sectors like textiles, furniture, and automotive is anticipated to increase due to the various qualities that staple acrylic fiber offers.

China is the world’s largest producer of acrylic fabric, as well as the largest market for acrylic garments. The country exports a large portion of its textile and clothing production to several regions of the world.

Key Takeaways:

The global staple acrylic fiber market is projected to witness a CAGR of 3.6% during the period between 2022 and 2032.
By blend, the acrylic-wool segment is expected to expand at a CAGR of 4.0% during the forecast period.
By end use, the textile & apparel segment is expected to grow at a CAGR of 4.1% during the projected period.
China’s staple acrylic fiber market is expected to reach about US$ 1,106.0 Million by the end of 2032.
The staple acrylic fiber market in India is expected to reach US$ 315.8 Million by the end of 2032.

Competitive Landscape

According to FMI analysis,

Aksa Akrilik Kimya Sanayii AS
Thai Acrylic Fibre Co. Ltd (TAF)
Jilin Chemical Fiber Co., Ltd.
Taekwang Industry Co. Ltd.
Indian Acrylics Ltd.
CHEMTEX GLOBAL CORPORATION
Vardhman Acrylics Ltd
Pasupati Acrylon Ltd
Japan Exlan Co. Ltd
Kaneka Corporation

others are identified as the key manufacturers in the Staple Acrylic Fibre market.

Key market participants are investing a fair share of their revenue in R&D and are concentrating on the adoption of new & modified manufacturing techniques to get high-quality products.

For instance:

In August 2020, Aksa Akrilik, an acrylic Fibre producer, added another line to its innovative efforts named Everfresh. Developed after extensive research, Everfresh offers a solution to consumers’ hygiene expectancies with its enduring antimicrobial properties is environment-friendly, and also contains no harmful chemicals.

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Staple Acrylic Fibre Market Segmentation

By Dyeing Method:

Dyed
- Acid
- Gel
Undyed

By Blend:

Acrylic-Wool
Acrylic-Viscose
Acrylic-Nylon
Acrylic-Cotton
Others

By End Use:

Textiles & Apparel
Furniture Upholstery
Industrial Filtration Material
Building & Construction
Automotive

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 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

USA & Canada Pre-painted Steel Roofing and Cladding Market Projected to Exceed US$ 2,756.0 Million by 2032, Driven by Construction Industry’s Embrace of Superior Solutions

Pre-painted steel is a widely used building material for industrial and commercial projects, as well as public sector buildings and better aesthetic developments, and is frequently chosen for its color options and cladding design options.

The USA and Canada market for pre-painted steel roofing & cladding size is anticipated to reach a value of US$ 2,756.0 Million by the end of the forecast period. USA & Canada Pre-Painted Steel Roofing and Cladding Market to reach a value of US$ 1.8 Billion by 2022 and estimated to cross US$ 2.7 Billion at a CAGR of 4.6% by 2032 end. Due to the variety of design benefits and maintenance benefits, it can provide over the course of a building’s lifespan, pre-painted steel has grown to be one of the most popular building envelope solutions globally.

Color-coated steel is another term for pre-painted steel. This steel is primarily used in the roofing and cladding industries. Pre-painting is a one-of-a-kind process in which steel coils are cleaned, pre-treated, and then painted with inorganic or organic paints. Depending on the product, one or both sides can be primed and coated. This paint protects the steel from atmospheric corrosion while also increasing its strength and durability.

Steel roof panels have a significant advantage over other roofing materials in terms of longevity. In contrast to asphalt shingles, which trap heat inside, pre-painted steel roofing radiates it outside. Buildings with adequate insulation and ventilation remain warmer in the winter and cooler in the summer, reducing heating and cooling costs. Pre-painted metal has a wide range of aesthetic possibilities, especially when used for metal wall and roof panels in newly constructed or remodeled buildings.

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“Growing demand for roofing & cladding solutions, from the end uses such as residential & non-residential sectors is expected to propel the market growth.”

Key Takeaways:

The USA & Canada market for pre-painted steel roofing & cladding is projected to witness a CAGR of the magnitude of 4.6% between 2022 and 2032.
The United States is expected to reach about US$ 2,462.1 Million by the end of the year 2032.
By product type, pre-painted steel roofing is expected to remain one of the fastest-growing segments and is further estimated to expand at a CAGR of 4.7% during the forecast period.
By application, the new construction segment is anticipated to remain a key segment for the consumption of pre-painted steel roofing & cladding and is estimated to account for more than 85% of the overall consumption for the year 2022.

Competitive Landscape

The USA & Canada Pre-Painted Roofing & Cladding Market have a presence of numerous small-scale players along with some prominent key players. Key Players are closely involved in developmental activities such as acquisition, product launches & investments. Key Players are closely involved in developmental activities such as acquisition, product launches & investments.

Key Companies Profiled

Arcelor Mittal
ATAS
Englert Inc.
Tata BlueScope Steel
Western States Metal Roofing
Flexospan Steel Buildings, Inc.
Shandong Linxu Materials Co., Ltd.
National Cladding Wales
THOMAS PANELS & PROFILES
Scotia Metal Products
ExSteel
Coastal Metal Service
Duchesne
Agway Metals Inc.
Westman Steel Industries.

For instance

In 2020, Westman Steel acquired Scotia Metal Products Inc. to establish a production plant in Halifax, Newfoundland, and expand into Atlantic Canada.
In March 2017, Westman Group Inc. acquired a majority stake in Eagle Mountain Structural Insulated Panel Systems (new name: Artspan). Artspan is an industry-leading manufacturer of structural insulated steel panel products.
In May 2020, Duchesne announced the introduction of three new steel profiles to its LCD steel siding product line: LCD 6, LCD 8, and LCD 11. Also, Deep Grey 28314 was added to the Duchesne Steel color offer. This color will be available in both siding and roofing.

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More Insights into the USA and Canada Pre-Painted Steel Roofing and Cladding Market Report

In its latest report, Future Market Insights offers an unbiased analysis of the USA & Canada Pre-Painted Steel Roofing & Cladding market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022 to 2032. To understand the market potential, growth, and scope, the market is segmented based on product type, resin chemistry, design, color, architure style, application, end use, and country.

USA and Canada Pre-Painted Steel Roofing and Cladding Market Segmentation

By Product Type:

Steel Roofing
Steel Cladding

By Resin Chemistry:

Roofing
- PVDF
- SMP
- Polyester
- Acrylic
- Epoxy
- Others
Cladding
- PVDF
- SMP
- Polyester
- Acrylic
- Epoxy
- Others

By Design:

Roofing
- Standing Seam Panels
- Corrugated Panels
- PBR Panels
- Western Rib Panels
- Others
Cladding
- Standing Seam
- Snaplock
- Interlocking
- Flatlock and Shingle
- Cassette
- Others

By Color:

Roofing
- Matte Black
- Charcoal Gray
- Medium Bronze
- State Gray
- Regal White
- Mansard Brown
- Colonial Red
- Copper Metallic
- Others
Cladding
- Matte Black
- Charcoal Gray
- Medium Bronze
- State Gray
- Regal White
- Mansard Brown
- Colonial Red
- Copper Metallic
- Others

By Application:

Remodeling & Renovation
New Construction

By End Use:

Residential
Non-residential

By Country:

USA
Canada

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

Global Organic Pigments Market Set to Surge with 4.5% CAGR, Reaching US$ 9824.9 Million by 2032, Reveals Future Market Insights

The organic pigments market size forecasted to registering 4.5% CAGR during the forecast period (2022-2032) and is projected to reach US$ 9824.9 Million by 2032. Organic pigments are carbon based particulate solids which can be prepared by natural and synthetic source of production. The natural organic pigments are derived from plants and animals while synthetic organic pigments are carbon based and are often derived from petroleum compounds.

Increasing consumption of organic pigments in various hi-tech applications such as opto-electronic display, photo-reprographics and optical data storage is expected to create significant growth opportunities over the forecast period of 2022-2032.

Organic pigments are used in the form of finely crushed powder for their use in coloring various products and in visual arts.

Rising demand of organic pigments from end-use industries such as textile, plastic etc. are expected to drive growth of the market over the coming years. The market for organic pigments is anticipated to record its highest growth in Asia-Pacific due to rise in number of textile industries.

Organic pigments are cost effective, non-toxic and possess good color strength, which makes them good choice for their use across various end-use sectors. Availability of organic pigments in various unique shades make them attractive for using in visual arts also.

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Organic Pigments Market Dynamics

Major factors driving growth of the organic pigments market include their increasing use in plastic, paint, coatings and textile industries.

Moreover, upswing in number of textile industries and increasing demand of plastic products owing to various macro-economic factors is expected to boost the demand of organic pigments, in turn, fuelling the growth of global organic pigments market over the forecast period.

Unstable prices, various environmental regulations and limited availability of raw materials are some of the factors expected to impede the growth of global organic pigments market.

Manufacture of organic pigments with good light fastness property is gaining traction among global manufacturers.

Besides, developing countries such as China & India are shifting towards becoming the center of global organic pigments market, both from the demand and supply side. Regulatory environment, labor laws and wages in Asia Pacific are expected to remain major factors impacting this global market shift.

Moreover, owing to their ability to provide a wide color spectrum compared to their inorganic counterpart, organic pigments are expected to substitute inorganic pigments for some specific applications over the coming years.

Organic Pigments Market: Regional Outlook

The global organic pigments market is segmented into seven key regions namely North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA).

Upsurge in the development of textile & plastic industries in Asia-Pacific is expected to boost the demand of organic pigments market in the region by 2026 end.

Organic Pigments Market: Key Players

Key players involved in the value chain of the organic pigments market include

BASF
Clariant
DIC Corporation
Heubach GmbH
Sudarshan Chemical Industries Ltd.
Ferro Corporation
Trust Chem Co. Ltd
DCL Corporation
Toyocolor Co. Ltd.

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Key Segments in the Organic Pigments Market

By Source:

Synthetic
Natural

By Type:

Azo
Pthalocyanine
HPPs
Others

By Application:

Printing Inks
Paints and Coatings
Plastics

By Region:

North America
Latin America
Asia Pacific
THING
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 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

Dehydrated Pet Food Market Poised to Reach US$ 14.2 billion by 2032

The dehydrated pet food industry is valued at US$ 8.9 billion in 2023 and is expected to grow to US$ 14.2 billion by 2033. During the forecast period, the market is expected to grow at a CAGR of 5%.

The dehydrated pet food business is expanding rapidly as pet owners seek healthier and more natural solutions for their beloved pets. Dehydrated pet food has a long shelf life, retains nutrition, and is convenient. With growing consumer awareness and an emphasis on pet health, the industry is fast developing.

Surging adoption of dogs and cats and growing trend of pet humanization will boost the dehydrated pet food market. Further, increased penetration of social media and expansion of e-commerce sector is fueling the sales of pet food, aiding the growth in the market.

Moreover, animal pharmacists and pet care enthusiasts have excelled at conducting educational programs to raise awareness about health- and care-related issues. They also raise campaigns for issues ranging from specific conditions to animal well-being, to general health messaging, on special days, weeks, or months.

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Several governments and commercial groups worldwide are attempting to develop the animal health care industry. For instance, the US government’s implementation of the Feed the Future initiative, a public program that gives training to both private and public animal health personnel.

Likewise, awareness-raising events, such as Pet Dental Health Month, Be Kind to Animals Week, and Bring Your Cat to the Vet Day, were designed to address problems in the veterinary and pet care industries.

A slew of such increasing campaigns and awareness regarding pet health will fuel the growth in dehydrated pet food market.

Key Takeaways from Market Study

The dehydrated pet food market is expected to expand at CAGR of 5.0% and 7.8% in Latin America and Middle East & Africa, respectively, through 2032.
South Asia and Oceania dehydrated pet food market are expected to account for over 6.7% and 4.8% of global market share, respectively, in 2022,.
Europe dehydrated pet food market is anticipated to reach a shipment of 535,243 metric tons.
Among the pet type segment, sales of dehydrated pet food for dogs are expected to reach US$ 3,822.9 Mn in 2022, registering a CAGR of 4.6%.

“Dehydrated pet food manufacturers are investing in product innovation in terms of flavors and nutritional ingredients to capitalize on growing demand for organic and flavored pet food products. Besides this, they are leveraging their online websites and marketing strategies to increase their revenues through online sales channel,” says a Future Market Insights analyst.

Competitive Landscape

Key manufacturers of dehydrated pet foods are focusing on research & development to enhance the variety, quality, and innovation of their products. These manufacturers are also participating in various exhibitions and events to expand their global presence.

For instance,

Purina Beyond Bio Organic Complete Adult Dog Food Rich in Chicken and Rice was recently launched in select European regions by Nestlé Purina under its premium Beyond pet food brand. Rice, dehydrated poultry protein, and salmon are among the certified-organic ingredients.

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Explore More Valuable Insights

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

Dehydrated Pet Food Market by Category

By Nature:

Organic
Conventional

By Pet Type:

Cat
- Kitten
- Senior
Dog
- Puppy
- Adult
- Senior
Birds
Others

By Distribution Channel:

Store-Based Retailing
- Hypermarket/Supermarket
- Convenience Stores
- Mom and Pop Stores
- Pet Stores
- Discounters
- Independent Grocery Retailers
- Drugstores
- Other Retail Formats
Online Retailers

By Region:

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

The report covers exhaustive analysis on:

How big is the dehydrated pet food market?
What is the North America dehydrated pet food market outlook?
At what rate will dehydrated pet food demand grow in Europe?
What are the key trends driving the sales in dehydrated pet food market?
At what rate will dehydrated pet food demand grow in India?

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
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PET Straps Market Set to Surge with a Projected CAGR of 6.8% During Forecast Period

The global PET strapping market is forecast to surge at a Compound Annual Growth Rate (CAGR) of approximately 6.8%, according to a new report by Future Market Insights (FMI). This press release delves into the key drivers propelling market growth and the rising demand for sustainable packaging solutions.

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PET Straps: A Secure and Eco-Friendly Choice

PET straps are a versatile packaging solution used for securing and bundling products across various industries. Their ability to absorb shock and impacts during transportation makes them ideal for heavy-duty logistics. The market is projected to witness significant growth, driven by:

Sustainability Focus: The global packaging sector is prioritizing eco-friendly alternatives. PET straps offer a solution, as they can be recycled and used in new strapping applications. This aligns perfectly with the rising demand for sustainable packaging solutions across industries like pharmaceuticals, food & beverage, and automobiles.
High-Performance Strapping: PET straps are renowned for their ability to withstand shocks and impacts, making them a reliable choice for securing heavy loads during transportation. This factor is particularly important for industries like automotive and electrical & electronics, where product protection is paramount.
Innovation and Competition: Leading PET strap manufacturers are continuously investing in research and development to expand their product offerings and explore applications across new industries. This fierce competition fosters innovation, ultimately benefiting end-users with better and more efficient strapping solutions.

Regulation and Opportunity

Government regulations on plastic usage have impacted the PET strapping market. However, manufacturers are responding by increasing production capacity and exploring innovative solutions. One such promising development is the emergence of recyclable PET straps – a game-changer that reduces raw material costs and promotes environmental responsibility.

Looking Ahead: A Sustainable Future for Strapping

The PET strapping market presents a multitude of opportunities. The ability to procure and utilize recyclable PET straps is fostering a paradigm shift within the industry. This technology reduces reliance on virgin materials, lowers costs, and contributes to a more sustainable future for packaging.

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Drivers

Sustainability and Eco-Friendly Packaging: Growing environmental consciousness and the need for sustainable packaging materials have boosted the demand for PET straps, as they are considered more environmentally friendly compared to some other strapping materials.
Versatile Applications: PET straps find application in a wide range of industries, including automotive, food and beverage, pharmaceuticals, retail, and more, thanks to their versatility in securing various types of loads and products.
Superior Strength and Durability: PET straps are known for their high tensile strength and durability, making them an ideal choice for heavy-duty applications in industries such as construction and logistics.
Lightweight: Despite their strength, PET straps are lightweight, reducing transportation costs and making them easier to handle.
Cost-Effective: PET straps offer a cost-effective strapping solution, particularly for businesses that require secure and efficient bundling and packaging.
Regulatory Compliance: Stricter regulations and standards related to strapping materials, including safety and recyclability, have led businesses to opt for PET straps to ensure compliance.
Increased Industrial Activities: The growth of manufacturing and industrial sectors globally has driven the demand for secure and reliable strapping materials like PET straps.
Innovations in Manufacturing: Ongoing innovations in PET strap manufacturing processes and technologies have improved the quality and performance of these straps.
Recyclability: PET straps are recyclable, contributing to sustainability efforts and reducing environmental impact.

Global Players: –

Linder GmbH
North Shore Strapping Inc
Consent LLC
Plastic Extruders Ltd.
Narrowtex (Pty) Ltd.
PAC Strapping Products
Polychem Corp.
D.J. Hookstraten
Sandex GmbH
Butig GmbH
DuBose Strapping Inc

APAC Players: –

Auto Strap India
Searo Packaging Co. Ltd.
S & K Packaging Industries
Dongguan Qianyi Packaging Products Co. Ltd.
Ruparel Polystrap Pvt. Ltd.
Signor Polymers Pvt. Ltd.
Qingdao Changyue Plastic Machinery Co. Ltd
Soundpoen Packaging Solution Co. Ltd.

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Segmentation

By Width:

5 – 15 mm
16 – 25 mm
26 – 35 mm
Above 35 mm

By Thickness:

Up to 5 mm
5.1 – 7.5 mm
7.6 – 10 mm
Above 10 mm

By Break Strength:

Up to 250 kg
251 – 500 kg
501 – 800 kg
Above 800 kg

By End-use Industries:

Healthcare & Pharmaceuticals
Chemicals
Electronics and Electricals
Food & Beverages
Homecare
Automobiles
Personal care & Cosmetics
Others

By Region:

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

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Nylon-6 Market Set to Surge with a Projected CAGR of 5.9% by 2032, Anticipated Worth Reaching US$ 26,040.9 Million

The global nylon-6 industry is expected to secure around US$ 26,040.9 Million in 2032 and is likely to hold a valuation of around US$ 14,679 Million in 2022. The global industry size is expected to exhibit a stable CAGR of 5.9% over the projection period from 2022 to 2032.

The growth in the market is attributed to the surging concern about the environment as well as the demand for nylon-6 in the emerging textile market will make nylon-6 a more attractive product in the market. The inclusion of PA 6 and PA 6, 6 into 3D printing systems is expected to lead to market growth for nylon-6 in the market. From 2016-2021, the market displayed a growth rate of 5.1%.

As a result of its high pressure, heat, and corrosion resistance, it is highly regarded in the manufacturing industry. In addition to its phenomenal properties, the nylon-6 polyamide is an engineered thermoplastic that comprises good flow properties, moldability, extrusion capability, chemical resistance, and morphological properties.

It has diverse applications that involve fused filament fabrication (FFF), and nylon 6 is considered a promising candidate in future markets. Nyon-6 is known for its characterization of physical and chemical properties that make it suitable for a wide range of applications. Approximately 60% of the global production of polyamides is composed of nylon 6.

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Around 6.6 million metric tons of nylon-6 were globally produced in 2013. In a huge variety of applications, both nylon 6 and nylon 66 can be used interchangeably depending on the local availability and the applications that require them in a particular environment. It becomes evident that nylon 66 and nylon 6 have different properties for industrial uses.

Key Takeaways in Nylon-6 Market

Nylon-6’s versatility and its diverse application in various sectors are the major driving factors within the global market. Nylon-6 is used in various end-use industries such as automotive, packaging, electronics & electrical, wires & cables, textiles, films & coating, and others. As a result, the market is expected to benefit from an increase in demand for applications in the above sectors.
Nylon 6 (PA-6) is anticipated to see a surge in demand attributed to its usage in the healthcare sector and musical instruments. In addition to that, the nylon-6 market growth continues to prosper over the assessment period through increased capital investments, higher productivity, and a growing product portfolio. Even though nylon-6 (PA6) is an ideal material due to its physical and chemical properties, some features may inhibit its use, like its tendency to shrink in molded sections.
The lightweight advantages of nylon 6 result in a significant reduction in fuel emissions along with improved fuel efficiency. Transportation has widely become dependent on plastics over recent years. Furthermore, films and coatings are also emerging as a major driver in the food industry where films and coatings are being used to produce flexible packaging with a longer shelf life, such as meat packaging. This sector is dominated by low-cost plastic packaging such as PP, PE, and PVC.
Attributing to its high dielectric resistance, nylon 6 is known to be the most preferred polyamide in applications subjected to thermal and mechanical stress. The potential uses of nylon 6 have increased due to the emergence of polymer technologies.

Competitive Landscape in Nylon-6 Market

Key players in the global nylon-6 market are expected to focus on mergers and acquisitions. The global market is fragmented due to the presence of regional and local players spread across the globe. To gain a competitive advantage in the market, prominent market players are inclining towards technological advancements to cater to consumer preferences.

Key Companies Profiled:

BASF SE
Honeywell International Inc.
DuPont
Royal DSM N.V.
UBE INDUSTRIES, LTD.
Invista
Gujarat State Fertilizers and Chemicals

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More Insights into the Nylon-6 Market

According to the FMI predictions, the global nylon 6 market will continue to dominate the North American region specifically within the transportation sector. According to the forecast, this region is expected to account for 23.8% of the global market share by 2022. Automotive, aerospace, and other key manufacturing markets in North America drive the nylon industry.

Key Segments Profiled in the Global Nylon-6 Market

By Type:

Nylon-6 (PA6) Fiber
Nylon-6 (PA6) Resin

By Application:

Transportation
Electrical and Electronics
Textiles
Industrial Application
Other (include music, healthcare, coating sector)

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Global Photoresist Chemicals Market Projected to Reach US$ 4,537.2 Million by 2032, Fueled by Growing Demand for High-Performance Circuitry and Semiconductor Chips

The global photoresist chemicals industry size is projected to create a healthy CAGR of 3.6% from 2022 to 2032. The global market was valued at US$ 3,185.6 Million in 2022 to surpass a valuation of US$ 4,537.2 Million by 2032. Future Market Insights historical analysis witnessed a CAGR of 2.7% from 2016 to 2021. The growth of the market is attributed to the high demand for semiconductors in the electronics and electrical industry, which is expected to be beneficial for the overall market development. Photoresist chemicals by type include wet chemicals, silicon wafers, low-k dielectric, PCB laminates, CMP slurries, specialty gasses, and photoresists.

Photoresist chemicals are considered an essential component for the construction of high-performance circuit boards and semiconductor chips. Various chemicals are used for this purpose, to achieve the desired properties, such as poly methyl methacrylate (PMMA), poly methyl glutamine (PMGI), phenol formaldehyde resin (DNQ), SU-8, and OSTE polymers. Attributing to the inevitable features offered by Photoresist chemicals and the absence of any other feasible alternatives, the market for photoresist chemicals is ever-growing.

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Key Takeaways in the Photoresist Chemicals Market

The global photoresist chemicals market is anticipated to surge at a phenomenal rate as the demand for micro-electronics continues to steadily grow, amid rising demand for electronic products in developing nations, and increasing penetrations of IoT across the globe.
The augmenting demand for dynamic display technology is predicted to be another major factor fuelling growth within the global photoresist chemicals market. Excessive R&D in the photoresist chemicals and its end-use industry is expected to drive innovations, further shaping newer demand arenas, and fuelling more revenues in the global photoresist chemicals market.
Photoresist chemicals are prominently made from crude oil, therefore, rising prices of crude oil are expected to increase costs, coupled with continued pricing pressure from end-use industries, which shall affect margins in the market. Furthermore, rising environmental concerns regarding the derogatory effects of these chemicals are also expected to affect the market in the long term.

Competitive Landscape Photoresist Chemicals Market

Prominent players in the Photoresist Chemicals market are focusing on plans to build new plants that are estimated to produce argon fluoride (ArF) photoresists, used in photolithography to form a patterned coating on the surface of semiconductor wafers.

Numerous other key companies are focusing on launching a new line of complementary green solvents for use in photolithographic processes in semiconductor manufacturing. The growing demand for electronic devices, such as smartphones, 5G functionality, gaming, and home entertainment, automotive applications, Internet of Things (IoT), and Artificial Intelligence (AI) has propelled the growth of the semiconductor industry, thereby augmenting the growth of wafer cleaning solvents and equipment. This portfolio is making a huge impact in the semiconductor wet chemical market with its outstanding environmental footprint, simple usage in a broad variety of tools, and excellent resist-dissolution performance.

Key Companies Profiled

The Dow Chemical Company
Fujifilm Electronic Materials Co. Ltd
Tokyo Ohka Kogyo Co. Ltd.
E.I. DuPont de Nemours
Mitsui Chemicals America Inc
JSR Corporation
LG Chem
Shin-Etsu Chemical
TOK America
Honsou Chemical Industry

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More Insights into the Photoresist Chemicals Market

North American region is anticipated to dominate the global photoresist chemicals market throughout the assessment period. The rising market competition in the North American region is expected to boost growth in the market. The United States accumulated a total market share of about 17.4% in 2022. Electronics & electrical industry development in the US played a major role in boosting the regional market demand.

The European region is set to augment the market growth at a significant pace. The European region is anticipated to account for a market share of around 14.6% over the assessment period. Extensive research and studies have taken place in the European market. Germany is slated to dominate the regional market owing to strong demand from the major end-use applications market.

Key Segments Covered in the Photoresist Chemicals Industry Analysis

By Product Type:

Positive
Negative

By Spectral Line Size:

g-line
i-line
KrF
ArF Immersion
ArF Dry

By End Use Application:

Microelectronics
Sand Carving
Fabrication of Printed Circuit Boards
Others

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani