Market Research Blog – Page 3291 – New Product Development

Car Care Products Market: Predicted to Showcase a Noteworthy CAGR of 5.4% by 2033

According to the research report published by Future Market Insights, the global car care products market size is anticipated to register striking growth from 2023 to 2033. The market is projected to surpass a valuation of US$ 52.01 billion in 2023 and hit a valuation of US$ 88.01 billion by 2033, showcasing a noteworthy CAGR of 5.4% from 2023 to 2033. The increasing number of vehicles on the roads is expected to be a crucial factor boosting the market’s development.

The rising global population and urbanization are fueling an increase in car ownership rates. As vehicles accumulate wear and tear on their components, regular servicing becomes essential to maintain their efficiency and safety. Routine maintenance tasks like tire rotations, brake inspections, and oil changes play a crucial role in ensuring the car’s safety. To facilitate this maintenance, car care products such as brake fluid, engine oil, air filters, and others are indispensable.

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The awareness of the environmental impact of automobile maintenance practices is exploding due to the growing worldwide emphasis on sustainability and eco-friendliness. More environmentally concerned consumers are expecting goods that are biodegradable, non-toxic, and water-efficient. For market players, the growing consciousness and product developments are anticipated to provide attractive growth prospects.

The demand for automobiles has steadily increased in recent years, which has led to an increase in the usage of vehicle care products. Consumers’ purchasing power is rising as a result of the rapid economic expansion in nations like China and India, which is raising levels of disposable income. To keep their vehicles good-looking and operating properly, consumers are ready to spend extra on car maintenance supplies. The increasing use of digital channels, including search engines and social media, has made it easier for consumers to discover and purchase car care products online. Moreover, reviews and suggestions can help buyers make smarter decisions while making purchases online. These factors are likely to boost the demand for car care products.

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Fueling this growth are several key factors:

Rising car ownership: As more people worldwide own cars, the demand for car care products naturally increases.
Growing emphasis on vehicle appearance: Consumers are increasingly prioritizing maintaining the aesthetics of their cars, driving demand for cleaning, polishing, and waxing products.
Awareness of car care benefits: Understanding the role car care plays in protecting and enhancing vehicle value and longevity further boosts the market.
Innovation in product offerings: Manufacturers are constantly developing new and improved car care products, catering to diverse needs and preferences.
Rise of online sales: Convenience and wider product availability through online channels are influencing buyer behavior.

Recent Developments Observed by FMI:

Turtle Wax, a Chicago-based auto detailing business, teamed up with Carxotic to open a brand-new auto detailing facility in Mumbai, India, in September 2022.
A personal care company called OGX took over a car wash in February 2022 to introduce its new line of vehicle care products.
In collaboration with Liqui Moly, a German company, Ansysco ANAND debuted a line of innovative auto maintenance products in February 2020. The new line of goods for cars includes shampoo sachets for washing and waxing.
Turtle Wax, a Chicago-based auto maintenance brand, debuted its new line of products in India in June 2020.

Key Players in the Car Care Products Market

3M Co
Adolf Wurth Gmbh & Co KG
Sonax GmBH
Soft99 Corp
Shell Plc
Pidilite Industries Ltd.
Holt Lloyd International Ltd.
Tetrosyl Ltd.
Turtle Wax Inc.
Cartec BV

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Car Care Products Market Segmentation

Car Care Products Market by Product:

Cleaning Products in Car Care Products
Polishing & Waxing Products in Car Care Products
Fresheners in Car Care Products
Others in Car Care Products

Car Care Products Market by Application:

Car Care Products for Interior
Car Care Products for Exterior

Car Care Products Market by Distribution Channel:

Car Care Products in Supermarkets and Hypermarkets
Car Care Products in Specialty Stores
Car Care Products in Online Retail
Others in Car Care Products

Car Care Products Market by Regional:

Car Care Products in Asia Pacific Market
Car Care Products in North America Market
Car Care Products in Europe Market
Car Care Products in Latin America Market
Car Care Products in the Middle East & Africa Market

Author

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

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

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Powering Global Trade and Beyond: High-Speed Engine Market Surges US$ 40.9 billion through 2034

The high-speed engine market is expected to reach a value of US$ 25.7 billion in 2024, driven by international marine freight transportation, marine tourism, and increasing backup power generation. Sales are projected to grow at a 4.8% CAGR between 2024 and 2034, reaching a market value of US$ 40.9 billion.

Key Takeaways from the High-speed Engine Market

The United States high-speed engine industry is projected to experience a CAGR of 5.1% through 2034.
Japan’s high-speed engine market is expected to demonstrate a rapid CAGR of 5.9% through 2034.
The United Kingdom’s high-speed engine industry is anticipated to see a CAGR of 6.0% through 2034.
South Korean high-speed engine industry showcases a significant CAGR of 6.4% through 2034.
Chinese high-speed engine market is expected to display a CAGR of 4.3% through 2034.

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High-speed engines are essential for propelling commercial vessels and serving as primary and emergency genset drives. They are bolstered by advanced technology like modular assembly, electronic fuel injection systems, and electronic control systems. The global high-speed engine market is growing due to the demand for reliable power, particularly for backup generation, and the growing international marine freight transport sector. These engines offer agility and efficiency for navigating complex maritime logistics. High-speed engines play a crucial role in meeting the evolving needs of industries requiring swift and dependable propulsion and power generation solutions.

The increasing demand for reliable and uninterrupted power propels the high-speed engine market forward, particularly in backup power generation. As industries and companies seek to safeguard against power outages and ensure continuous operations, dependable backup power solutions become paramount. High-speed engines are uniquely positioned to meet this demand, offering swift and efficient power generation capabilities that can quickly come online to mitigate disruptions and keep critical systems operational.

Moreover, the growing emphasis on backup power solutions extends beyond traditional industrial applications to encompass various sectors, including commercial buildings, data centers, healthcare facilities, and telecommunications infrastructure. This broadening scope further drives the development of the high-speed engine market, as high-speed engines prove indispensable in providing reliable standby power in various settings.

“The growth of the high-speed engine market is driven by the increasing demand for passenger vessels, yachts, and cruise ships, as well as the expansion of the marine industry. High-speed engines provide efficiency, reliability, and performance, enabling swift navigation while ensuring passenger safety and comfort. The convergence of factors such as backup power solutions, maritime tourism expansion, and the broader marine industry growth collectively drive the development of the high-speed engine market. As industries recognize the importance of reliable power generation, high-speed engines emerge as a versatile and dependable backup power and propulsion solution.” Says – Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.)

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Competitive Landscape of the High-speed Engine Market

The high-speed engine industry is shaped by various entities, including manufacturers, research institutions, regulatory bodies, and industry associations. Manufacturers invest heavily in research and development to enhance engine performance, efficiency, and reliability. They design advanced propulsion systems for various industries, using advanced technologies like electronic fuel injection, turbocharging, and emissions control systems.

Research institutions and academia are crucial in advancing high-speed engine technology through collaborative projects, knowledge sharing, and talent development. They conduct research in engine design, combustion dynamics, materials science, and alternative fuels, providing valuable insights and innovations that drive industry progress.

Regulatory bodies and industry associations design, manufacture, and operate high-speed engines, ensuring safety, performance, and environmental compliance. They collaborate with manufacturers, stakeholders, and government agencies to promote sustainable practices, emissions reduction, and energy efficiency. Market players drive innovation, foster collaboration, and promote sustainable practices, contributing to the industry’s growth, competitiveness, and sustainability, ensuring its relevance in the global economy for the next decade.

Key Companies in the High-speed Engine Market

Caterpillar Inc.
Cummins Inc.
Rolls-Royce Holdings plc
MAN Energy Solutions
Wärtsilä Corporation
Mitsubishi Heavy Industries Ltd.
Volvo Group
Yanmar Co., Ltd.
Deutz AG
MTU Friedrichshafen GmbH

Recent Developments in the High-speed Engine Industry

Hyundai Motor India and Red Bull collaborated to launch Red Bull Urban Downhill, a fast-paced mountain bike competition with several obstacles and tall jump ramps, in December 2023. The partnership seeks to promote extreme sports in India through entertaining material produced in collaboration with professional mountain biker Tomas Slavik.
The MAN 175DF-M high-speed engine type, which is anticipated to be available by the end of 2026, is a methanol dual-fuel engine for which MAN Energy Solutions established a timetable for market debut in November 2023. The engine is anticipated to work with both diesel-mechanical and diesel-electric propulsion systems to boost efficiency and the proportion of methanol used in propulsion.

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Key Segments

By Speed:

1000 to 1500 RPM
1500 to 1800 RPM
Above 1800 RPM

By Power Output:

0.50 to 0.56 MW
0.56 to 1MW
1 to 2 MW
2 to 4 MW
Above 4 MW

By End-user:

Power Generation
Marine
Railway
Mining and Oil & Gas
Construction
Others

By Region:

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

Author

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

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

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

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com
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Beverage Emulsion Market Set to Reach US$ 754 Million by 2033, Driven by Rising Demand for Innovative Beverage Products and Liquid Emulsions

The global beverage emulsion market is predicted to register a CAGR of 4.3% over the forecast period, as per FMI’s analysis. The industry’s size is likely to increase from US$ 526.5 million in 2023 to US$ 754 million by 2033 end.

Consumers, in recent times, are rapidly shifting towards the consumption of readily-available nutritious food and beverages. Such behavioral change in the population has been brought upon by hectic lifestyles, busy schedules, and limited free time to prepare healthy food and beverages. As a result, giving impetus to ready-to-drink beverages enriched with extra nutrition, color, taste, and flavor, which is catering to the surging demand for emulsion for beverages.

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Technological innovations in the packaging industry are enhancing the scope of convenience food products. As emulsifiers are extensively employed in ready-to-drink and plant-based beverages, a rise in RTD/ plant-based beverage sales is projected to directly impact the beverage emulsion industry. Additionally, the demand for premium plant-based drinks is pushing manufacturers to invest in expanding production capacity, thereby enhancing market growth.

Constant new product developments in the market are stimulating the growth of the food industry. Moreover, the requirement for component adjustment in a beverage to meet the current demand is projected to increase the demand for beverage emulsion. The growing demand for organic and natural products, particularly from North America and Europe, is also anticipated to invite more investments from key players to develop innovative products.

Key Market Trends and Drivers:

Shifting Consumer Preferences: Rapid consumer shift towards readily-available nutritious food and beverages, driven by hectic lifestyles, is boosting the demand for emulsions in beverages.
Technological Innovations: Innovations in the packaging industry are enhancing the scope of convenience food products, directly impacting the beverage emulsion industry, especially in ready-to-drink (RTD) and plant-based beverages.
Premium Plant-Based Drinks: Increasing demand for premium plant-based drinks is pushing manufacturers to expand production capacity, fostering market growth.

Key Market Highlights:

United States Market: Projected to lead the market, the United States is expected to gain revenue of USD 169.65 million by 2033, expanding at a CAGR of 4.4%.
China Market: Following the United States, China is a lucrative market for beverage emulsion, with sales projected to surpass USD 119.89 million by 2033, registering a CAGR of 4.7%.
European Markets: Germany is a significant market, projected to generate revenue worth USD 60.32 million by 2033, with a robust CAGR of 7%. The United Kingdom and Spain are also contributing to the region’s growth.

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Recent Developments

In November 2022, DuPont developed a fermented stabilizer to cater to the surging trend of plant-based drinks. The rising utilization of gellan gum in vegan and plant-based beverage formulations is projected to bode well with the growing demand for alternative dairy and protein.
In August 2022, BOISSON announced that it is likely to be expanding its reach, backed by US$ 12 million seed funding. The company has eight stores across the United States and plans to establish its presence on the global platform over the upcoming years. The firm aims to elevate the beverage culture in North America and makes it more inclusive, mindful, and positive for consumers.

Beverage Emulsion Industry by Category

By Source:

Xanthan Gum
Pectin
Carboxymethyl Cellulose
Carrageenan

By Application:

Non-Alcoholic
Carbonated Beverages

By Emulsion Type:

Color Emulsion
Flavor Emulsion
Cloud Emulsion

By Region:

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

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About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Paleo Food Market Projected to Reach US$ 19.4 Billion by 2033, Fueled by Increasing Consumer Demand for Natural and Healthy Food

The global paleo food market is anticipated to register a CAGR of 5.6% over the forecast period, according to FMI’s analysis. The industry’s value is anticipated to increase from US$ 11.2 billion in 2023 to US$ 19.4 billion by 2033 end.

The paleo food market is projected to witness an upward trend over the upcoming years. This can be attributed to the surging efforts by key participants to encourage healthy eating by developing delicious foods consisting of real paleo ingredients. Additionally, innovation in the packaging of paleo food items to preserve these food products, in tandem with attracting more consumers, is supporting the market expansion. Further, the elevating awareness about the paleo diet and its cost-effectiveness is propelling the market growth.

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The extreme popularity of the paleo approach among health enthusiasts and fitness influencers on social media is also driving the paleo food industry. The market is further benefitting from the branding activities adopted by key players to effectively promote their paleo food products. Surging awareness about the health benefits and weight loss potential of the Paleo diet is boosting the demand for paleo food the world over.

Key Market Trends and Drivers:

Healthy Eating Promotion: Efforts by key participants to encourage healthy eating through the development of delicious foods containing real paleo ingredients are contributing to the upward trend in the paleo food market.
Innovation in Packaging: Ongoing innovation in the packaging of paleo food items, aimed at preserving products and attracting more consumers, is supporting market expansion.
Awareness and Cost-Effectiveness: Elevated awareness about the paleo diet and its cost-effectiveness are significant factors propelling market growth.

Key Market Highlights:

United States Market: The United States is a key country for paleo food, projected to account for USD 6.9 billion by 2033, registering a CAGR of 5.4%. Collaborations between existing companies are contributing to market expansion.
China Market: China is expected to be a significant market in the Asia Pacific, generating sales of USD 1.4 billion by 2033, with a CAGR of 5.1%. Increased investment in organized retailing is propelling market growth.
United Kingdom Market: The United Kingdom is projected to witness a market valuation of USD 816.4 million by 2033, demonstrating a CAGR of 4.7% from 2023 to 2033.

Recent Developments by Key Players:

The Paleo Diet, LLC and Where Food Comes From, Inc.: In March 2022, these companies partnered to offer an industry-leading paleo food certification, the only one recognized by Dr. Loren Cordain, the founder of the modern paleolithic nutrition movement.
Caveman Foods: In September 2019, Caveman Foods introduced three new flavors of Grain-Free Granola, offering real foods like seeds and nuts, sweetened with coconut sugar and maple syrup.

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Key Segments

By Product Type:

Meat
Fish and Seafood
Eggs
Vegetables
Fruits
Nuts and Seeds
Fats and Oils
Salt and Spices
Others

By End Use:

Cereals
Bakery Products
Snacks
Sports Nutrition & Beverage

By Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
The 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.

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Paper Bottles Market is Expected to Rise to US$ 115.6 Million by 2033 | FMI

The paper bottles market size is projected to be valued at US$ 67.7 million in 2023 and is expected to rise to US$ 115.6 million by 2033. The sales of paper bottles are anticipated to expand at a significant CAGR of 5.5% during the forecast period.

The surge in sales of paper bottles, or disposable bottles, can be attributed to a pivotal innovation that had been overlooked in previous years, signaling a trend expected to persist in the foreseeable future. This resurgence is marked by a renewed appreciation for a groundbreaking approach to packaging that has gained momentum. The innovative design and sustainable nature of paper bottle packaging are key factors driving its adoption.

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Market Growth

Cutting-edge products like paper bottles have gained prominence across various industries, including personal care products, beverages, and cosmetics, contributing significantly to increased sales in the forecast period.

In recent times, the sustainable packaging sector has experienced substantial market growth, attributed to its versatile, sustainable, and recyclable attributes.

The market share for paper bottles is expected to grow, driven by the matte finish and creative, bold designs, enhancing a brand’s visibility. This has prompted major beverage companies to adopt paper bottles alongside PET bottles, not only to elevate brand value but also to align with sustainability requirements, owing to the ecological aesthetics these containers provide during effective product packaging.

Market Restraints

Limited Barrier Properties:
- Paper, while eco-friendly, may lack the barrier properties needed to protect certain beverages or products. Liquids with high acidity or oils may pose challenges, as paper bottles might struggle to maintain the desired shelf life without additional barriers.
Water Resistance Issues:
- Traditional paper has inherent vulnerabilities when exposed to moisture. This can be a significant restraint in applications where the bottles might come into contact with water during storage, transportation, or consumer use.
Material Cost and Sourcing:
- The production of specialized paper materials with enhanced strength and barrier properties can be more expensive than conventional paper or plastic. Sourcing sustainable and cost-effective raw materials for paper bottles can present challenges.
Limited Rigidity for Certain Products:
- Unlike rigid plastic bottles, paper bottles may have limitations in terms of structural rigidity. This can be a concern for products that require a high level of protection or stability, impacting their suitability for certain markets.

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Key Takeaways:

The paper bottle market is gaining traction and prominence during the assessment years attributed to its contribution to a green environment. Owing to these factors, the Paper Bottles Market share is expected to grow at a steady pace during the forecast period.

The increasing need for optimum storage of beverages and the surging demand for water in the beverage industry are rising the need for paper bottles, hence, expanding it to several sectors.

The market is estimated to propel with a positive growth outlook as the bottle manufacturing process inculcates the usage of paperboard and recyclable wood chips. Therefore, making the industry more sustainable.

A gradual surge in the demand for paper bottles can be witnessed across the globe due to their efficient product storage and distribution while still maintaining demand for beverages and personal care goods.

Competitive Landscape:

Most of the key players operating in the paper bottle market are switching toward the usage of advanced packaging. Further, leading players similarly utilize new product development as an essential method for growing their market presence among customers.

Recent Developments in the Market:

In March 2022, PAPACKS Sales GmbH partnered with Keurig Dr. Pepper Inc. to develop a fully recyclable and compostable paper bottle.
In June 2021, Unilever launched its first-ever paper-based laundry detergent bottle.
The Absolut Company (TAC) announced on September 4, 2020, that as part of the paper bottle company effort, they might be releasing 2,000 paper bottle prototypes. The prototype is made up of 57 percent paper and 43 percent recyclable plastic which is also produced entirely of recycled materials.

Leading Players:

Frugalpac
Unilever plc
Paper Water Bottle
Kagzi Bottles
O.Berk Company, LLC
Just Water
Paper Bottle Company
PAPACKS Sales GmbH
LYS Packaging
Choose Packaging
Pulp Packaging International
Pulpex Ltd.
Shruti Agro
3Epack Group

Key Segments Covered in the Market Report

By Capacity:

15 ml to 100 ml (Small)
101 ml to 500 ml (Medium)
Above 500 ml (Large)

By Primary Usage:

Everyday
Sports
Others (Travel, etc.)

By End Use:

Water
Beverage
Alcoholic
Non-alcoholic
Personal Care &Cosmetics
Others (Homecare & Toiletries, etc.)

By Region:

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

About Future Market Insights (FMI)

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

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Aluminium Curtain Wall Market: Forecasted Surge to US$ 103,204.5 Million by 2033 | FMI

The aluminum curtain wall market size is projected to surpass US$ 42,300.0 million in 2023 and is likely to attain a valuation of US$ 103,204.5 million by 2033. The aluminum curtain wall market share is expected to rise at a significant CAGR of 9.3% from 2023 to 2033.

Adding smart tools, like sensors and switches, to curtain wall systems is a big improvement. These systems provide immediate info about the environment and how a building is doing. This makes it easier to run things well, bettering performance in buildings.

Businesses can make buildings better, save money and give a safe feeling to people living or working inside by using smart ideas for connected building solutions. This habit matches the growing need for smart ways to manage buildings that use lots of data.

In curtain wall design, using parametric tools and algorithms is becoming more popular. These tools let architects and designers make complicated, numbers-based designs that reach their best performance, staying power, and attractiveness. This trend helps businesses win by letting them make complex and creative designs that match the growing needs of buildings.

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The aluminum curtain wall sector is being transformed by digital technology and automation. Building Information Modeling (BIM) and automated fabrication and installation procedures are being used by businesses to improve precision and efficiency. This tendency shortens project schedules, eliminates mistakes, and improves cost management, increasing profitability.

Businesses are looking for aluminum curtain wall systems that can resist harsh weather conditions as extreme weather events become more common. Weatherproofing and resilience elements are becoming more important, particularly in high-risk areas. Buildings’ long-term durability and safety are critical for mitigating hazards and protecting company assets.

Key Takeaways from the Aluminum Curtain Wall Market Report:

In 2018, the global market size stood at US$ 31,299.2 million.
The market size expanded at a 7.4% CAGR from 2018 to 2022.
In 2022, the global market size stood at US$ 42,300.0 million.
The market in Canada will rise at a 7.7% CAGR through 2033
The market size in Germany will expand at a 3.7% CAGR through 2033.
The market share in India will increase at a 4.3% CAGR through 2033.
The commercial space application segment captured 76.8% of shares in 2023.
The unitized systems captured 58.0% of shares in 2023.

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Note from the Analysts:

“The aluminum curtain wall market is currently passing through an influential shift, fueled by technical developments, the expanding environmental agenda, and an ever-increasing demand for modern and visually appealing architectural solutions. The market is prepared to reveal new paths of development and innovation, with a concentrated focus on efficiency, aesthetics, and responsible environmental stewardship opines Sneha Verghese, Senior Consultant for Consumer Goods and Products at Future Market Insights (FMI).

Key Players in the Global Aluminum Curtain Wall Market

Alumil Aluminium Industry S.A.
GUTMANN AG
Hansen Group Ltd.
Permasteelisa Group
Kawneer (Arconic)
Apogee Enterprises, Inc.
YKK AP America
Oldcastle BuildingEnvelope
Schüco International
Reynaers Aluminium
View Inc.
EFCO Corporation

Recent Developments Observed by FMI:

In May 2023, ClearVue Technologies Limited, a smart building materials company, launched its improved product design for the ClearVue PV solar vision glass integrated glazing unit, or IGU. Concurrently, the Company showcased its new integrated Solar Façade Solutions.
In June 2022, Kawneer Aluminum, a leading architectural producer, introduced a revolutionary aluminum façade system meant to exceed sustainability criteria. The recently designed aluminum façade technology is highly recyclable and long-lasting.

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Aluminum Curtain Wall Market Segmentation

By Type:

Stick-built
Semi-unitized
Unitized

By Application:

Commercial
Residential

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
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Fabric Freshener Market Trends: Envisioning US$ 3.4 Billion Revenue, 6% CAGR by 2032 | FMI

The global fabric freshener market to reach a valuation of US$ 3.4 Billion, exhibiting a CAGR of 6% in the forecast years 2022 to 2032.

Clothes buyers expect their purchases to be pristine. Thus, they search for unique goods that can aid in improving this and extending the life of things.Thus, fabric-based products such as air fresheners for clothing are becoming more and more popular worldwide.To swiftly stop or eliminate odours, fabric fresheners are used on carpets, furniture covers, and clothing.

The global textile industry is regarded as one of the largest in the world.The industry was valued US$3 trillion in 2017. This also covers the production and upkeep of synthetic and natural fibres, which are utilised in numerous industries.

The world’s textile market is divided into fiber, yarn, fabric and clothes. China makes a big part of the textile products market. The clothing business is used in many ways by family homes and factories.

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Fabric-oriented products such as rugs, carpets, and curtain kinds of woolen cloths are found in a majority of households as well as in the commercial sector. However, over the course of time, these fabric-oriented products get musty or smelly, which requires maintenance at regular intervals.

For maintaining these fabric products, fabric fresheners have been gaining traction in the global market. Fabric fresheners are being designed to eliminate any odour originating from sticky couches, musty carpets, and unwashed curtains.

With the continuous evolution of fabric freshener products, companies have been strategizing on adding additional features to their existing products. Some of the newly featured fabric fresheners not only eliminate the odours on fabric but also act as a pest control against various insects on these materials.

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Fabric Freshener Market: Key Players

Some of the key players operating in the global fabric freshener market are

Procter & Gamble
Henkel Corporation
JAY Manufacturing
Reckitt Benckiser
Clean Control Corporation
Deb Group Ltd
Grow Fragrance Inc.
The London Oil Refining Co Ltd

Fabric Freshener Market: Key Trends

Manufacturers of fabric freshener products have been strategizing on promoting their products and services in order to increase their customer base in the global market. Along with key promotional activities, some of the fabric freshener companies have been executing key acquisitions in order to gain a larger customer base.

Fabric Freshener Market: Key Developments

In 2017, Procter & Gamble Co. initiated a nationwide campaign on its fabric freshener brand, i.e. Febreeze, for the North American and European markets.
In 2016, Henkel Corporation acquired major shares of The Sun Products Corporation, which specializes in the production of various fabric freshener products for the household sector.

Opportunities for Fabric Freshener Market Participants

Over the past couple of years, industrialization has been surging at a significant rate in various parts of the world, especially in the Asia Pacific region. With the rise in the commercial sector, it becomes necessary for owner to maintain their office with proper hygienic and also make them environmentally-friendly.

Due to this, these commercial sectors have been looking ways and even buying several hygienic products to maintain their offices. This important factor paves a critical opportunity for the fabric freshener market to gain traction over the forecast period.

The fabric freshener market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The fabric freshener market report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment.

Fabric Freshener: Market Segmentation

On the basis of product type, the global fabric freshener market has been segmented as –

Regular
Perfumed

On the basis of end use, the global fabric freshener market has been segmented as –

Households
Commercial
Offices and Industrial Sector
Hospitality Industry
Public Facilities
Others

On the basis of the distribution channel, the global fabric Freshener market has been segmented as –

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

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

Industrial Ceramics Market Poised for Stellar Growth: Infrastructure Boom to Drive Demand

The global industrial ceramics market was worth US$ 118.9 Billion in the year 2022 and is expected to reach US$ 218.1 Billion by the year 2032 at a CAGR of 6.1% between 2022 and 2032.

Improving infrastructure worldwide is expected to take the industrial ceramics market by storm in the near future. The construction vertical is the flagbearer herein. Ceramic implants are turning out to be more popular across the globe due to advancements in medical technology. They are used at a greater scale in the dental and orthopaedics sub-vertical.

Industrial ceramics find applications across end-users like aerospace & aviation, automotive, healthcare, oil & gas, and the other industrial verticals.

The automotive sector has industrial ceramics-based products like ceramic bearings, mechanical seals, sensors, and valves. For instance – Yttria Stabilized Zirconia (one of the ceramic materials known for higher tensile strength) is well-suited for pump components like fuel injectors, and the mechanical seals for highly durable engines.

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Coming to pumps, critical components like stator and rotor are being produced from the industrial ceramics; particularly in the applications that involve movement of the high-temperature fluids. The major advantage is that industrial ceramics perform better under high temperatures and do have a better resistance against wear and corrosion. Insulation tiles are known for having a long history of utilization in the space shuttle program of NASA.

In today’s world, advanced industrial ceramics like glass-ceramic composites are used for making windows, panels, canopies, and lenses due to the higher heat resistance and being lightweight.

Future Market Insights has etched these facts with future perspectives in its latest market study entitled ‘Industrial Ceramics Market’. It has its determined team of analysts and consultants for executing through 360-degree view in its primary, secondary, and tertiary modes of research.

“With automotive and medical verticals increasingly asking for ceramics, the industrial ceramics market is likely to grow on a grand note in the near future”, says an analyst from Future Market Insights.

Key Takeaways from the Industrial Ceramics Market

The Asia-Pacific holds the largest market share with rapidly expanding automotive vertical, fast-paced energy & power sector, and rising innovation in healthcare and aviation in Japan, China, and India.
Europe and North America have conventionally been stronger markets for industrial ceramics. The scenario is expected to remain unchanged even in the forecast period. The US, Germany, and the UK are leading from the front.

Competitive Analysis

Kyocera Corporation, in the year 2019, did announce that it had acquired Friatec GmbH’s ceramic business. It has actually given the company a ceramic production all across the Europe; thereby letting it fulfil expansion of industrial machinery components.
CeramTec, in 2021, did create a novel 3D printing technology for getting construction pieces from technical ceramics. It’s a quick and low-cost 3D printing method.
SCOTT AG, in September 2021, completed acquisition of Applied Microarrays Inc. for expanding the diagnostic business.
Bodycote, in April 2021, completed acquisition of Ellison Surface Technologies for creating the biggest engineered coating surface technology along with thermal spray services.
Oerlikon Balzers, in April 2021, expanded the first customer center in Vietnam; thereby expanding its footprints in the Asia-Pacific.
AGC Ceramics Co., Ltd., in December 2022, entered into collaboration with AMSKY technology Co., Ltd. for expanding the sales of BRIGHTORBTM 1, the 3D printing material in China.
Kyocera, in February 2022, did launch the high-speed ceramic packages as well as substrates for the optoelectronic devices at OFC.
AGC Si-tech, in July 2022, did launch Integrated Silica Product Brand RESIFATM to expand eco-friendly silica products like Microplastic Substitutes all through Norway.
CeramTec, in April 2021, did develop a ceramic power module for the drive inverters for e-mobility solutions. The company collaborated with Fraunhofer Institute for Integrated Systems and Device technology for developing cooling solutions for power electronics in the e-mobility drive trains.

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Top Players

Kyocera, Anderman Industrial Ceramics, Elan Technology, Khyati Ceramics, Industrial Ceramic Products, Inc., Advanced Industrial Ceramics (AIC), Carborundum Universal Limited, CM Cera, A&B Industrial Ceramics, Schaefer Industrial Ceramics.

What Does the Report Cover?

The research study is based on type (alumina, silicon carbide, tungsten carbide, mullite, cordierite, zirconium dioxide, and silicon nitride), by product (pipes & tubes, insulators, knives & cutters, medical implants, fiber optic connectors, electrical connectors, nozzles, rods, filters, coatings, and formed components), and by end-use (automotive, aerospace & aviation, power, oil & gas, healthcare, and industrial).
With growing demand from building and construction vertical, the global industrial ceramics market is bound to grow on an impertinent note in the forecast 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.

Contact Us:

Nandini Singh Sawlani

Aging Population Boosts Demand for Cosmetic Chemicals as Market Reaches US$ 26.84 Billion by 2032

The global cosmetic chemicals market is worth US$ 15.89 Billion as of now and is expected to reach US$ 26.84 Billion by the year 2032 at a CAGR of 5.4% between 2022 and 2032.

Ingredients most commonly used in cosmetics are inclusive of preservatives, emulsifiers, moisturizers, thickeners, fragrances, and colors. They could be devised either naturally or synthetically. One could also derive synthetic chemicals from the natural products like bio- or petroleum-based ingredients. However, manufacturing process involved in synthesizing these chemicals is pretty complex. Moreover, as they are ‘derived’, they are categorized as synthetic. The natural products are inclusive of microbial, animal, mineral, and plant.

Elevance Renewable Sciences, Inc. is a manufacturer of specialty chemicals that develops as well as markets the emollients formulated by using the patented technology from various plant-based products for usage in cosmetics, skin lotions, and hair styling products.

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Constructive disruption in cosmetic chemicals market is expected to take place through incorporation of technological advancements. On these grounds, Givaudan is making use of plant cell culture as well as phyto peptides technology for developing skin care products. Extensive research is being conducted by the key participants for developing sustainable products to address customers’ demands with growing inclination toward organic and natural cosmetic products.

Moisturizers and emollients hold more than 30% of the market share. Emollients are known for softening the skin by prevention of water loss. The applications include skin moisturizers, body lotions, lipsticks, and face creams. They get sold at commercial level in both – synthetic and natural forms. Emollients broadly used include coconut oil beeswax, olive oil, lanolin, glycerine, petrolatum (petroleum jelly), zinc oxide, mineral oil, butyl stearate, and diglycol laureate.

Preservatives are added to cosmetics products during their formulations with the objective of extending shelf life and checking the proliferation of fungi and bacteria. The preservatives commonly used are inclusive of benzyl alcohol, parabens, formaldehyde, salicylic acid, and EDTA (tetrasodium ethylenediaminetetra-acetic acid). Players like COBIOSA do develop as well as distribute chemicals pertaining to skin care formulations. These chemicals are developed from botanicals inclusive of camelina, polyphenols, collagen, algae, and insects as well. Future Market Insights has walked through these findings with future perspectives in its latest market study entitled ‘Cosmetic Chemicals Market’. It has its line of expertise in the form of analysts and consultants to do the things.

Key Takeaways from the Cosmetic Chemicals Market

North America holds more than 34% of the market share. This could be credited to cosmetic chemicals being increasingly used to manufacture organic personal care products.
Europe holds a significant market share in the cosmetic chemicals market. This could be credited to growing demand for the cosmetic products that are formulated through natural ingredients.
The Asia-Pacific is expected to grow at the fastest rate in the cosmetic chemicals market due to countries like China and India being subject to rising buying power.

Competitive Chemicals

Knowlton Development Corporation, in February 2020, announced that it had completed acquisition of Shanghai Paristy Daily Chemicals.
Knowlton Development Corporation (KDC/ONE), in December 2019, entered into partnership with HCT Group for creating end-to-end solutions provider for catering to personal care & beauty vertical. The latter is a leader at the global level with respect to provision of full-service solutions of the cosmetic products related to production, filling, design, formulation, and logistics.
Companies do take part in several events as well as exhibitions for promoting the product portfolio and improvising on customer base. On these grounds, Solvay (a multi-specialty chemical company) had attended ‘In-Cosmetics London 2017’ for showcasing company’s formulations related to hair, skin, and body care.

“Growing demand for cosmetic products, that too, formulated with various natural ingredients is expected to drive the cosmetic chemicals market”, says an analyst from Future Market Insights.

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Cosmetic Chemicals Industry: Top Players

Akzo Nobel NV
Ashland Incorporated
Active Organics
BASF SE
Berkshire Hathaway Incorporated
Bayer AG
Clariant International Limited
Dow Chemical Company
Eastman Chemical Company
Evonik Industries AG
Emery Oleochemicals Group
FMC Corporation

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

Pet Apparel Market Momentum: Aims for US$ 8,738 Million by 2033 | FMI

According to recently published data from Future Market Insights (FMI), the pet apparel market is expected to grow at a compound annual growth rate (CAGR) of 5.5% from 2023 to 2033, from an anticipated US$ 5,115.5 million in 2023 to US$ 8,738 million by 2033.

A global study on pet gear found that it fulfils practical and decorative purposes, keeps pets safe from the elements, and enhances their appearance. The sector is expected to grow gradually as a result of an increase in pet ownership and pet owners’ preference for luxury clothes.

According to the research report, the growing demand for fashionable, environmentally responsible clothing made from recycled or plant-based materials is driving the pet apparel industry. Additional factors contributing to the market’s growth are the popularity of festive costumes and the need for comfortable clothing.

The demand for stylish and opulent pet items is driving the worldwide pet apparel industry, which is driven by the rising pet adoption rate, especially among millennials and Generation Z.

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Key Takeaways

India’s pet apparel market is anticipated to record a 4.3% CAGR by 2033, driven by rising pet ownership and awareness of pet fashion trends.
The United Kingdom pet apparel market is predicted to register a CAGR of 4.9% by 2033 as pet owners prioritize comfort and style for their furry friends, fueling demand for chic pet attire.
China’s pet apparel industry is expanding at an estimated 5.5% CAGR, driven by a rising middle class and their preference for providing their pets with fashionable and useful clothing alternatives.
Australia’s pet apparel industry is expected to expand at a CAGR of 3.8% as owners look for ways to show off their style while shielding their cherished pets from changing weather conditions.
Japan’s pet apparel industry is expanding at a 4% CAGR, propelled by the country’s great passion for animals and commitment to ensuring that its four-legged friends are well-dressed in stylish and useful clothing.

“Growing trend is driven by a desire among pet owners to provide comfort and style to their beloved animals, with a particular focus on seasonal and functional clothing. This burgeoning market offers ample opportunities for businesses to cater to this niche by offering a diverse range of pet apparel.”

Competitive Landscape

Large multinational firms with broad product portfolios, well-known brands, and huge distribution networks dominate the market, including Petco, PetSmart, and Amazon. These businesses make use of their economies of scale and long-standing connections with suppliers to provide pet owners with affordable prices and a variety of options.

Smaller specialty firms that focus on particular areas of the pet apparel market are growing in this industry. To set themselves apart from more established competitors, these businesses frequently emphasize distinctive designs, premium materials, and individualized customer experiences. They cater to certain customer preferences, such as eco-friendly or handmade goods, or they target particular pet breeds.

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Key Companies Profiled:

Pet Factory Company
ABO Gear
Body Glove Pet
Good2Go
Hip Doggie
Moshiqa
Petstock
Hunter International GmbH
Insect Shield
MILK&PEPPER
Bedhead Pajamas Inc.

Recent Developments

Major Dog Clothing introduced its first line of dog clothing in 2021, which was developed and manufactured in Australia to promote local employment and open manufacturing.
To launch its first-ever dog brand in 2023, Tommy Hilfiger partnered with Kanine Pets World Limited on June 14, 2022. The collection may include a range of clothing, accessories, and home products. The collection consists of every variation of the red, white, and blue hues typical of the fashion retailer.

Global Pet Apparel Market by Category

By Product Type:

Coats
Jackets
Shirts & Tops
Sweaters & Hoodies
Others

By Material Type:

Cotton
Polyester
Lenin
Others

By Pet Type:

Dogs
Cats
Others

By Sales Channel:

Supermarket/Hypermarkets
Wholesalers/Distributors
Direct sales
Pet Specialty Stores
Online Retailers
Other Sales Channel

By Region:

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

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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