Market Research Blog – Page 3295 – New Product Development

Water Dispenser Market Trends Towards US$ 6,383.1 Million Growth by 2033 | FMI

The water dispenser market is expected to come to US$ 2,723.1 million by 2023. Water dispenser sales are anticipated to expand at a robust CAGR of 8.9% from 2023 to 2033. By 2033, the market for water dispensers is cast to be worth US$ 6,383.1 million.

Easy-to-use and portable water dispensers are in demand. The ease of installation, speed of repair, and minimal maintenance requirements of these items also affect their market prospects.In areas where there is a scarcity of clean drinking water, we require enough supply. This drives up sales of supply-side machinery and causes it to expand over time in tandem with future developments that these suppliers are likely to see.

The use of infrared sensors is quickly spreading and starting to influence how much the water dispenser market catches on as people directly touching each other less. In recent years, the water dispenser market has been favoring versions that are both helpful and cheap. This is predicted by forecasts. Sellers of online shopping sites are trying hard to find new ways for selling more water dispenser machines. They also want them to meet the demand for such products.

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The water dispensers market is restricted by two main factors, including frequent component replacement and escalating costs, particularly during the summer, in addition to experiencing unheard-of water dispenser market growth. Two factors are limiting the water dispenser market adoption trends.

The water dispenser market size expansion during the busiest summer months may be hindered by frequent product components and higher costs. These elements are anticipated to limit water dispenser market growth as well as water dispenser market trends.

KEY TAKEAWAYS:

More than 70% of the water dispenser market was made up of bottled goods, and it is anticipated that water dispenser market trend and forecasts will continue.
Through 2032, the bottleless product category of the water dispenser market is anticipated to grow at the fastest rate, 9.9%.
The majority of the water dispenser market was dominated by the commercial application
The segment that will grow the fastest is predicted to be the industrial application.
The commercial application segment’s hospitality sector is projected to grow at the highest CAGR, 9.9%.
With a 42.60% water dispenser share, the retail store sector had the largest water dispenser share.
Through 2032, Asia Pacific is anticipated to have the highest CAGR of 11.0% for the water dispenser size.
India is anticipated to grow at a healthy CAGR in the water dispenser market.

“It is evident that water dispensers have become pivotal solutions in addressing the escalating demand for clean drinking water. The study underscores key drivers such as portability, ease of use, and the burgeoning adoption of infrared sensors, while also recognizing challenges related to frequent component replacement and escalating costs during peak seasons.”

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Key Water Dispenser Manufacturers

Whirlpool Corporation
Primo Water Corporation (formerly, Cott Corporation)
Honeywell International Inc.
Culligan International Company
Clover Co. Ltd.
Waterlogic Holdings Limited
Midea Group Co. Ltd.
A.O. Smith Corporation
Edgar’s Water

The research offers a comprehensive competition analysis of these top competitors in the water dispenser market, including water dispenser market growth, water dispenser market share, water dispenser market key trends and opportunities and important water dispenser market statistics.

Recent Development in the Water Dispenser:

Acquisition:

Four reputable institutional investors—British Columbia Investment Management Corporation (BCI), Neuberger Berman, StepStone, and Skandia—have acquired a sizeable minority stake in Waterlogic Holdings Limited, the company announced in April 2020. With the help of the capital obtained from this acquisition, the business was able to expand more quickly and take the lead globally in the quickly expanding market for bottle-free workplace hydration.

Product Launch:

Aquaverve announced in September 2020 that its touchless water cooler line would be available. The Oceanik Touchless Bottleless Cooler and the Pacifik Touchless Bottleless Cooler are two models of touchless water coolers that they created. The Pacifik model can be ordered both with and without a bottle.
A significant player in the under-the-sink market, iSpring provides a 5-stage reverse osmosis filtration system. Due to the water’s neutral flavour, it is very well-liked by residential end users.
A significant player in the market, Glug Glug Glug provides a wide selection of water dispensers, such as the AA5C and AA5F for staff areas, canteens, sports facilities, and student common areas.

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Key Segments

By Product Type:

Bottled
Bottle-less

By Application:

Residential
Commercial
Industrial

By End-use:

Commercial
- Hospitality
- Transport Terminal
- Institutions
- Corporate Offices
- Others
Industrial
- Food and Beverages
- Healthcare
- Others

By Region:

North America
Europe
Asia Pacific
Latin America
Middle East and Asia

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 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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Baby strollers and prams Market Forecasted to Attain US$ 8.31 Billion by 2032 with a 5.9% CAGR Momentum | FMI

The market for baby strollers and prams is set to reach a CAGR of 5.9%, resulting in a value of US$ 8.31 Billion by 2032, a substantial growth from its 2022 valuation of US$ 4.68 Billion. Notably, the market had reached a valuation of US$ 4.42 Billion in 2021. This upward trajectory in market value can be accredited to the growing consumer preference for multi-functional strollers.

More parents are worried about keeping their babies safe and clean. This is making the worldwide business of baby care grow a lot in terms of how much people spend on it. Because of this, all over the world people now want more baby care stuff like diapers for little kids. This includes things to wash them and products such as pushchairs or prams made just for babies too. People have been buying baby strollers and prams, which are very important for taking care of babies, a lot.

Parents want more baby strollers and prams, so makers are thinking to make new products that fit the different wants of their customers. diapers, baby

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Global Baby strollers and prams Market: Reasons for covering this Title

Newborn babies in their initial phase of life, do not have control over their neck which requires gentle handling whenever they lie down or lifted. The baby strollers and prams play an important role in managing babies’ movement no matter they are lying or sitting positions.

Adapting to fast-paced, modernized lifestyle and the emergence of nuclear and single parent families has prompted consumers across the globe to actively seek convenient and safe products for their babies and infants.

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Thus owing to above mentioned factors triggers the overall demand for global baby strollers and prams market.

Baby strollers and prams are one such products that facilitates such convenience and catering to the requirements of concerned parents. Moreover, there are government bodies that have taking steps with regards to babies’ safety. Regulatory bodies such as ASTM, CEN, and ACCC have enforced standards & regulations to ensure that baby strollers and prams protect babies from the known safety hazards that have caused accidents in the past.

Global Baby strollers and prams Market: Key Players

Dorel Industries Inc.
Pigeon Corporation
Newell Brands Inc.
Summer Infant Inc.
Beingmate Group Co. Ltd.
Artsana S.p.A.
Kolcraft Enterprises Inc.
Thule Group AB
Bugaboo International B.V.
Phil & Ted Most Excellent Buggy Co. Ltd
Peg Perego S.p.A
Baby Trend Inc.
iCandy World Ltd
Mamas and Papas Ltd
Me n Moms Pvt. Ltd
Bebecar-Utilidades Para CrianÇa, S.A.

Baby strollers and prams Market: Key Developments

In 2016, Newell Brands Inc. another key player in global baby strollers and prams acquired the business of Jarden Corporation for US$ 16 billion.
In 2014, Dorel Industries Inc., one of the key players in global baby strollers and prams announced the acquisition of juvenile business of Hong Kong- based Lerado Group specializing in the designing and manufacturing of infant products especially baby strollers and prams.

Key Segments Profiled in the Global Strollers and Prams Market

By Product:

Lightweight
Multi-optional System
Standard
Double/Triple
Jogging

By Age Group:

0-6 Month Infants
6-12 Month Infants
12-36 Month Infants

By Sales Channel:

Baby Boutiques
Specialty Stores
Modern Trade
Department Stores
Online Retailers
Other Sales Channels

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
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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Chewing Gum Machine Market worth US$ 1,650.1 Million by 2033

The chewing gum machine market dispenses more than just minty treats – it offers convenience and a glimpse into innovation within the confectionery industry. Here’s a breakdown of the current landscape, growth factors propelling it forward, and what the future holds for this niche market.

Current Scenario:

The market encompasses two main segments:
- Vending Machines: These dispense pre-packaged chewing gum, offering a convenient grab-and-go option for consumers on the move. They are widely deployed in public spaces like schools, offices, and transportation hubs.
- Manufacturing Machines: These are industrial systems used by candy manufacturers to produce chewing gum in various shapes, flavors, and textures.
Market size estimates vary, but it’s valued in the billions of USD, indicating a substantial industry.

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Growth Factors:

Rising Demand for Convenience: Consumers increasingly seek convenient snacking options, and chewing gum vending machines provide a readily available and affordable solution.
Growth in Specific Regions: Developing economies with a growing middle class and a taste for on-the-go treats are potential growth markets.
Innovation in Chewing Gum Products: Sugar-free options, breath freshening benefits, and functional gums with added vitamins or cognitive boosters are keeping the product category interesting for consumers, which in turn translates to demand for dispensing mechanisms.
Technological Advancements: Vending machines might incorporate touchless dispensing for hygiene purposes, cashless payment options, and even telemetry for remote monitoring of inventory and machine performance.

Future Trends:

Focus on Personalization: Vending machines with customizable options, allowing consumers to choose flavors or even mix and match their gum, could emerge.
Integration with Digital Wallets: Seamless integration with digital wallets for contactless payments might become the norm.
Emphasis on Sustainability: Machines made from recycled materials and those with lower energy consumption are likely to gain traction.
Rise of Healthy Chewing Gum Options: As the focus on health and wellness increases, there might be a surge in demand for vending machines dispensing sugar-free or functional chewing gum varieties.

Global AIDS-Related Primary CNS Lymphoma Market Set to Reach US$ 2,145.52 Million by 2032

The global AIDS-related primary CNS lymphoma market is poised for substantial growth, according to recent market research. In 2022, the market size was valued at US$ 1,127 million, with projections indicating significant expansion in the coming years. Over the forecast period from 2022 to 2032, the market is anticipated to register a robust Compound Annual Growth Rate (CAGR) of 6.65%, culminating in a valuation of US$ 2,145.52 million by 2032.

AIDS-related primary central nervous system (CNS) lymphoma is a rare and aggressive form of non-Hodgkin lymphoma that affects individuals with HIV/AIDS. With advancements in medical research and technology, coupled with increasing awareness and access to healthcare, the market for treatments targeting AIDS-related primary CNS lymphoma is expected to witness considerable growth.

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Factors driving this growth include:

Advancements in Treatment: Ongoing research and development efforts have led to the introduction of novel treatment options for AIDS-related primary CNS lymphoma, improving patient outcomes and survival rates.
Increasing Prevalence of HIV/AIDS: The global burden of HIV/AIDS remains significant, particularly in regions with limited access to healthcare resources. As the prevalence of HIV/AIDS persists, the incidence of AIDS-related primary CNS lymphoma is also expected to rise, driving market growth.
Rising Healthcare Expenditure: Governments and healthcare organizations worldwide are allocating greater resources to combat infectious diseases such as HIV/AIDS, leading to increased spending on diagnostics, treatments, and supportive care for patients with AIDS-related primary CNS lymphoma.

Commenting on the market outlook, FMI, said, “The projected growth of the global AIDS-related primary CNS lymphoma market reflects the evolving landscape of healthcare, with a greater emphasis on addressing the unmet needs of vulnerable patient populations. As stakeholders continue to collaborate and innovate, we anticipate significant advancements in the diagnosis and treatment of this rare disease.”

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Advances in Drug Delivery Systems Transform AIDS Related Primary CNS Lymphoma Market:

In a groundbreaking development, the AIDS related primary CNS lymphoma market is witnessing a transformative shift, propelled by extensive research and development efforts resulting in the introduction of novel drug-delivery systems. These advancements not only promise enhanced efficacy but also pave the way for a paradigm shift in the treatment landscape of central nervous system diseases.

Over the past decade, researchers and pharmaceutical innovators have tirelessly worked towards revolutionizing treatment modalities for AIDS related primary CNS lymphoma. The introduction of novel drug-delivery systems stands as a testament to this dedication, promising better outcomes and improved quality of life for patients.

One of the key drivers of this market evolution is the superior performance of these novel drug-delivery systems compared to traditional methods. With fewer side effects and enhanced ease of delivery, they represent a significant leap forward in the quest for more effective treatment options.

Furthermore, the increased awareness and focus on mental health and neurodegenerative diseases by government and non-governmental organizations worldwide are expected to drive treatment rates upward. Organizations such as the World Health Organization (WHO) have been pivotal in spearheading awareness campaigns, aiming to educate and empower individuals grappling with central nervous system disorders.

These developments not only signify a turning point in the management of AIDS related primary CNS lymphoma but also underscore the collective commitment towards addressing the broader spectrum of central nervous system diseases.

As the market continues to evolve, stakeholders are encouraged to stay abreast of these advancements and collaborate towards ensuring equitable access to innovative treatment modalities for all individuals affected by central nervous system disorders.

AIDS – Related Primary CNS Lymphoma Market: Key Players

Some of the key players in global AIDS – related primary CNS lymphoma market are Fresenius SE & Co. KGaA, Amgen Inc., Dr. Reddy’s Laboratories Ltd., Cipla Inc., Celon Laboratories Limited among several others.

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AIDS – Related Primary CNS Lymphoma Market: Segmentation

AIDS – related primary CNS lymphoma market is classified on the basis of drug type, distribution channel and geography.

Based on the drug type, the global market for AIDS – related primary CNS lymphoma is segmented into the following:

Methotrexate
Thiotepa
Procarbazine
Temozolomide

Based on the distribution channel the global market for AIDS – related primary CNS lymphoma is segmented into the following:

Hospitals Clinics
Private Clinics
Retail Pharmacies and Drug Stores
e-commerce

Based on the geography the global market for AIDS – related primary CNS lymphoma is segmented into the following:

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

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Reaching New Heights: Automotive Wheel Coating Market Poised to Hit US$ 1,163.83 Million by 2033

The global automotive wheel coatings market size is predicted to expand at a stable CAGR of 3.1% throughout the projection period from 2022 to 2032. The global market is expected to reach a valuation of US$ 737.6 Mn by the end of 2022 and top a valuation of US$ 1,001.4 Mn by the end of 2032. The growth of the market is attributed to the decorative and performance coatings made through sustainable technology and environmentally friendly materials are further expected to drive the market in the next ten years. The rising demand for protective coatings, decorative coatings, performance coatings, and anti-corrosive coatings for automotive wheels is anticipated to drive the market during the projected period.

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The demand for automotive wheel coatings is anticipated to surge at a steady pace with the rapid growth of the automotive industry. Increasing demand for automotive-like passenger cars, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs) has led to a surging production of vehicles, as well as subsequent accessories such as automotive wheels. These wheels are most of the time made of metal and metal alloys, which are most likely prone to corrosion in changing weather conditions. Automotive wheel coatings, therefore, are necessary to protect the surface of these wheels from environmental changes and to keep them safe, durable, and ready to perform in a long run.

Yet another brilliant aspect of automotive coatings is to offer attractive looks to vehicles. In order to enhance the look of an automotive vehicle, innovative designs of wheels coated with catchy and bright colors are expected to drive market growth over the projection period. This combination would help to boost the demand for cars, especially those falling under the luxury and sports segment among the millennials and gen Z. Thus, demand for wheel coatings for luxury and decorative purposes is also propelling the market. In addition to that, young buyers and owners of two-wheelers and passenger cars are specifically attracted to using allow rims and metallic coated wheels for their vehicles because they believe that the use of such accessories enhances their vehicle’s look. They also associate the same as the user’s outer personality and status symbol.

Key Takeaways

The frequency of changing environmental conditions all over the world has significantly surged over recent years which has resulted in leaving a negative impact on the wheels and rims. It has resulted in the corrosion and wear-and-tear of the substrate material. Demand for all-weather coatings from industries such as construction and automotive witnessed decent growth from all over the world, but especially in North American and Atlantic countries.
The atmosphere in various countries situated in such regions has a high salt content and therefore they become very cold & snowy during the winter season. Such a hostile environment affects the wheel substrate and its coating.
The tire and wheel are known to be those vehicle components that are subjected to the most complex conditions, it is necessary to shield the wheel with the best possible technology to sustain its longevity. A thorough composition prevents salt from corroding the wheels which help in eliminating the probability of high-magnitude wear and tear. Therefore, demand for all-weather automotive wheel coatings from automobile manufacturers and individual consumers is expected to be a rising trend in the industry.
Auto accessories shops in present times are loaded with such metallic wheel coatings owing to the high customer demand. In order to meet the rising customer demand, automotive wheel coating manufacturers have launched various wheel coating sprays that can be used without any prior guidance.

Competitive Landscape

Prominent players in the market for automotive wheel coatings are concentrating on the acquisition of other market players in order to increase their consumer base. In addition to that, their rapid expansion and strategic steps include capacity expansions and geographical expansions in emerging economies to bolster the stronghold in the market. Key market players are heavily investing in research and innovations for product development. At the same time, they are introducing sustainable coatings with attractive finishing properties to boost sales.

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More Insights into the Automotive Wheel Coatings Market

Over the last few years, China is anticipated to dominate the global chemical manufacturing industry attributing to its low labor costs, rapid investments, flexible government regulations, enormous supply chains, and easy availability of raw materials. Growth in the manufacturing industry has also flourished in end-use industries that cater to the cumulative growth of China as the biggest raw material manufacturer and consumer.

Key Companies Profiled

Akzo Nobel N.V.
Kansai Paint Co. Ltd.
PPG Industries Inc.
Axalta Coating Systems
BASF SE
Emil Frei Gmbh and Co. KG
Lankwitzer Premium Coatings
TIGER Coatings GmbH and Co. KG
Arsonsisi
Helios Coatings

Automotive Wheel Coatings Market Outlook by Category

By Material Type:

Acrylic Enamel
Acrylic Urethane
Acrylic Lacquer
Zinc Phosphate
Epoxy
Epoxy Polyester
Polyester
Polyurethane

By Substrate:

Aluminum
Steel
Others

By Product Type:

Primers
Base Coat
Clear Coat/Topcoat

By Vehicle Type:

Passenger Cars
LCVs
HCVs

By Sales Channel:

OEMs
Aftermarket

By Region:

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

About Future Market Insights (FMI)

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

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Flame Retardant Chemicals Market Set to Achieve US$ 16,990 Million by 2032, Growing at 7.1% CAGR

In 2022, it is projected that the market for flame retardant chemicals will be worth US$ 8,560 Million. The market is anticipated to develop at a CAGR of 7.1% from 2022 to 2032, reaching a worth of US$ 16,990 Million by that year.

The end-use verticals like transportation, electrical & electronics, construction, and likewise are increasingly incorporating flame retardant chemicals in their daily operations to adhere to fire prevention and safety regulations. In homes and offices, flame retardant chemicals do eliminate risk of fire from consumer and electrical goods. They also perform the function of safeguarding modernized materials and equipment like building insulation, circuit boards, engineering thermoplastics, cables, and likewise.

However, halogenated flame retardants like chlorinated, brominated, and others are not preferred due to the health hazards caused by them. It needs to be known that some compounds like HBCD (Hexabromocyclododecane) are banned in Canada, Japan, and the EU. This has, in turn, called for developing safer alternatives like bromine-, phosphorus-, and chlorine-based non-halogenated flame retardant chemicals. Along these lines, GYC Group has started offering a spectrum of products free of halogens.

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The manufacturers are looking for comparatively less toxic products for making alterations in product composition like aluminum trihydroxide. The demand would be arising from the applications like epoxy resins, polyolefins, PVC (polyvinyl chloride), rubber, engineering thermoplastics, and likewise.

Non-halogenated flame retardant chemicals hold more than 50% of the market share as of the year 2020. This could be reasoned with growing demand for less toxic and environmentally-friendly flame retardants. Combination of brominated organic compounds and antimony trioxide is generally used in the form of flame retardants in the mounding compounds. They are known for having negligible effects on the environment.

The same antimony trioxide, on combining with hydromagnesite fillers, renders benefits, but adverse effects of antimony trioxide on the environment are expected to restrain the usage of antimony trioxide as flame retardant chemicals in the near future.

Polyolefins are holding the largest market share (more than 20%) due to their increasing applications in plastics in various applications. The polymer could thus be prevented from dripping, and smoke formation could be subverted. Products needing flame retardant chemicals in the polyolefin fabrics include mattress covers, construction fabrics, carpet packing, components in planes and trains, siding and roofing, automotive fabrics, and likewise. Future Market Insights has walked through these facts with insights in its latest market study entitled ‘Flame Retardant Chemicals Market’.

Key Takeaways from Flame Retardant Chemicals Market

North America holds a significant market share due to preference for flame retardant chemicals in the US.
Europe is subject to stringent regulations. In other words, the major manufacturers of automotives are making it mandatory to use fire retardant chemicals in the automotive components.
LATAM, MEA, and the Asia-Pacific are subject to increase in construction activities, which are expected to put the flame retardant chemicals market on the top pedestal in the upcoming period.

“Flame retardant chemicals, on adding to combustible materials like plastics, textiles, and coatings, prevent fire or slow down as far as growth is concerned, which is driving the market for flame retardant chemicals”, says an analyst from Future Market Insights.

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Competitive Landscape

Clariant AG, in December 2021, started constructing a flame retardant manufacturing facility at Daya Bay, Huizhou (Guangdong Province China).

Italmatch Chemicals S.p.A., in November 2021, came up with a novel phosphorus flame retardant called ‘Liquid Masteret’. It is useful in construction, electrical & electronics, and transport sectors, particularly when it’s not advisable to prescribe halogen owing to higher smoke corrosivity when fire arises.

LANXESS, in December 2018, invested US$ 222.3 Mn in flame retardant chemicals. This investment would come through in the plants located in the UK, Germany, and the US.

Flame Retardant Chemicals Market Prominent Players

Clariant
BASF
Chemtura
AkzoNobel
Ciba specialty chemicals
Lanxess AG
Bayer Material Science

About Future Market Insights (FMI)

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

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Skating Shoes Market Poised for Growth: Projected to Reach USD 1,217 Million by 2032, with a CAGR of 3.5% by 2032

The Skating Shoes Market, as per newly released data by Future Market Insights (FMI), is estimated at USD 863 million in 2022 and is projected to reach USD 1,217 million by 2032, at a CAGR of 3.5% from 2022 to 2032.

Online retailing has been gaining momentum in recent times due to its convenience and the wide range of brands available to consumers. However, the high costs associated with the infrastructure of skating tournaments could pose a challenge to the development of the skating shoes market.

The development of the skating shoes market in North America over the forecast period would be aided by the rising popularity of roller sports such as roller derby, rink hockey, ice hockey rink, and other roller sports. During the anticipated period, the roller skates sector will significantly increase its market share in skating shoes. In the upcoming years, new roller skating activities will increase demand for roller skates and increase skating shoes sales.

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Key Takeaways from the Skating Shoes Market Study

E-commerce is predicted to be the dominant sales channel over the projected period. As consumer preferences change, more people are choosing online retailing over traditional brick-and-mortar stores. As a result, manufacturers are increasing their market presence online. The accessibility of a broad selection of skating shoes online is one of the key factors boosting the development of the online sales channel.
In the case of regional analysis of regions like the North America is expected to gain traction in the skating shoes
Increased consumer spending on sportswear and rising interest in basketball among young people will help the market for skating shoes grow.
The skating shoes market will grow as a result of market participants’ investments in a variety of marketing initiatives designed to generate demand for their goods.

“Market vendors should preserve their positions in the sluggish segments while concentrating more on the future growth in the rapidly developing segments to take advantage of the opportunities.” Says an FMI Analyst

Who is winning?

Louis Vuitton
Reebok
Woodland
CARIUMA
Adidas Group
Nike Inc.
New Balance
ASICS
PUMA SE
Under Armour, Inc.
Vans
Converse

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Skating Shoes Market by Category

By Product Type

Roller Skating Shoes
Ice Skating Shoes
Skate Boarding Shoes
Others

By Application

Sports
Lifestyle
Competition

By Closure Type

Laces
Velcro
Straps
Zippers

By Consumer Orientation

Men
Women

By Sales Channel

Multi-brand Stores
Independent Small Stores
Online Retailers
Other Sales Channel

By Region

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

Author

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

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

About Future Market Insights (FMI)

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

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Nandini Singh Sawlani

Global Ayurvedic Supplement Market is projected to undergo significant growth, with targeting a value of US$ 4,708.2 Million by 2034

The global ayurvedic supplement market growth is poised for substantial expansion, marking an impressive valuation of US$ 1,831.8 million in 2024 and forecasted to exhibit a remarkable Compound Annual Growth Rate (CAGR) of 9.9% over the coming decade. According to recent analysis by industry experts, this flourishing market is anticipated to soar to an estimated valuation of US$ 4,708.2 million by 2034.

The significant surge in valuation reflects a growing global interest in traditional healthcare practices and natural remedies. Ayurveda, with its roots in ancient Indian medicine, has gained prominence as consumers increasingly seek holistic approaches to wellness.

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“The projected growth of the Ayurvedic supplement industry underscores the shift towards natural and holistic healthcare solutions,” said Future Market Insights. “Consumers are increasingly drawn to the therapeutic benefits offered by Ayurvedic supplements, which often prioritize natural ingredients and holistic well-being.”

The projected expansion of this market is attributed to several factors, including rising awareness about the efficacy of Ayurvedic supplements in promoting overall health and wellness. Additionally, a surge in lifestyle-related health concerns and a growing preference for organic and plant-based products are further propelling the demand for Ayurvedic supplements.

Furthermore, the market’s growth is also influenced by innovative product developments and strategic collaborations among key industry players to expand their product portfolios and reach a wider consumer base.

The forecasted trajectory indicates immense potential for businesses operating within the Ayurvedic supplement sector, providing opportunities for innovation, research, and market expansion.

As the industry continues to evolve and captivate global attention, stakeholders, investors, and consumers are keenly observing this upward trend, anticipating a transformative landscape in the wellness and healthcare domain.

Key Takeaways from the Market Study:

Nutritional supplements are the leading product segment and are expected to hold a 9% market share in 2024.
Capsules/tablets segment is set to lead in the form of ayurvedic supplements with a projected market share of 9% in 2024.
By distribution channel, e-commerce is leading in the ayurvedic supplements market, with a forecasted market share of 9% in 2024.
Japan is predicted to be one of the leading countries in the market. For the 2024 to 2034 period, Japan’s CAGR is 9.1%.
India and China are the other Asian countries marked with potential for the market. For the forecast period, the CAGR for China and India is projected to be 8.8% and 8.1%.

“Several businesses have launched products with nature-inspired components because of the market’s apparent high demand for natural ingredients. Additionally, leading market players are focusing on novel product development with an enhanced formulation that is effective due to increasing concerns among people about the side effects of conventional medication.” opines Sabyasachi Ghosh Associate Vice President at Future Market Insights (FMI).

Ayurvedic Supplement Market Outlook:

Data Points	Market Insights
Market Value 2023	US$ 1,708.5 million
Market Value 2024	US$ 1,831.8 million
Market Value 2034	US$ 4,708.2 million
CAGR 2024 to 2034	9.9%

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Market Competition:

There are numerous regional, up-and-coming, and established businesses in the ayurvedic supplement market, which is fragmented. Key players have started product launches and marketing activities to broaden the product line. Some prominent companies in the market.

Recent Developments:

In March 2021, the Ayurveda brand Maharishi Ayurveda rolled out its digital advertisement campaign, featuring a celebrity face in Milind Soman to promote the product Amrit Kalash.
In February 2020, Dabur India Ltd. brought out Dabur Keratex, a hair oil enriched with ayurvedic ingredients to control dandruff and nourish the dry scalp.
In September 2021, NatureCode launched a new range of dry herbs and ayurvedic wellness products.

Key Companies Profiled:

Maharishi Ayurveda India Products Private Limited
Surya Herbal Ltd
Gynoveda Femtech Private Ltd.
Herbal Health Solutions
Dabur India Limited
‎ Emami Limited.
Veloce Herbals Pvt. Ltd.
Riaan Wellness Pvt. Ltd.
Global Healthfit Retail India LLP
‎ Pharma Science
The Himalaya Drug Co.
Tactus Nutrascience
‎ Relevium
‎Organic Dehydrated Foods Pvt. Ltd.
BACFO PHARMACEUTICALS (India) Ltd.
Herbolab India Pvt Ltd
Green Cross Health Innovation
ManSure
Banyan Botanicals

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Key Market Segments Covered in Ayurvedic Supplements Industry Research:

By Product:

Dietary Supplements
Nutritional Supplements
Men and Women Health Supplements
Ayurvedic Skin Supplements
Others

By Form:

Capsules/Tablets
Powder
Syrups
Oil and Ointment
Other

By Distribution Channel:

Hospital Pharmacies
Retail Pharmacies
Mail Order Pharmacies
E-commerce

By Region:

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

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Nandini Singh Sawlani

Expect Significant Growth in Refrigeration Oil Industry, with Sales Anticipated to Rise at a CAGR of 4.9% by 2033

The refrigeration oil industry size is projected to be valued at US$ 1,425.9 million in 2023 and is expected to rise to US$ 2,209.9 million by 2033. The sales of refrigeration oil are expected to grow at a significant CAGR of 4.9% during the forecast period.

The refrigeration oil market plays a crucial role in supporting the efficient and reliable operation of refrigeration systems across various industries. Refrigeration oil is a specialized lubricant specifically formulated for use in refrigeration compressors and other components of refrigeration systems.

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The increasing demand for refrigeration and cooling solutions in industries such as food and beverage, pharmaceuticals, chemicals, and HVAC (heating, ventilation, and air conditioning) has propelled the growth of the market. Refrigeration systems are essential for preserving and transporting temperature-sensitive products, and the proper lubrication of compressors is crucial for their optimal performance.

The growing focus on energy efficiency and environmental sustainability has influenced the refrigeration oil market. Manufacturers are developing refrigeration oils that offer excellent lubrication properties, thermal stability, and compatibility with modern refrigerants.

Additionally, the increasing demand for frozen and packaged food products has driven the growth of the refrigeration oil market. The global food trade has expanded, and perishable food products need to be transported and stored under controlled temperature conditions.

HFCs (hydro-fluorocarbons) hold a significant share of 36.3% in the refrigeration oil market, reflecting their widespread use as refrigerants in various cooling and refrigeration systems. Refrigeration oils specifically formulated for HFC-based systems offer excellent lubrication properties, thermal stability, and compatibility with HFC refrigerants. The demand for refrigeration oil is closely linked to the adoption of HFCs, driven by increasing environmental regulations and the focus on sustainable refrigeration solutions.

Refrigerators and freezers hold a substantial share of 31.5% in the application of refrigeration oil market, reflecting their extensive usage in both residential and commercial sectors. Proper lubrication with refrigeration oil is essential for the efficient and reliable operation of refrigeration systems in these appliances.

The USA is expected to hold a prominent value share of 15.3% in the refrigeration oil market in 2022. Ongoing investments and development in industries such as automotive, oil and gas, pharmaceuticals, and infrastructure contribute to the demand for refrigeration systems and refrigeration oil in the country.

Germany is projected to hold around 6.1% of the demand share in the Europe refrigeration oil market. The country’s extensive spending on drug development and the expansion of the healthcare system and pharmaceutical industry contribute to the demand for refrigeration systems and refrigeration oil.

Recent Developments

ExxonMobil, an oil and gas company, and Qatar Energy, a petroleum company, announced in June 2022 that they had signed an agreement to further develop Qatar’s North Field East project, which will increase the country’s annual LNG capacity from 77 million tonnes to 110 million tonnes by 2026.

Shell plc, an oil and gas company, agreed to sell IKAV its 100% stake in Shell Onshore Ventures LLC, which owns a 51.8% stake in Aera Energy LLC, a natural gas and oil exploration and production company, for approximately US$ 2 billion in cash and additional contingent payments based on future oil prices, in September 2022.

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Key Companies Profiled

ExxonMobil Corporation
Shell Plc
Idemitsu Kosan Co., Ltd.
MEIWA CORPORATION
CPI Fluid Engineering (Part of The Lubrizol Corporation)
FUCHS Lubricants (Part of FUCHS Petrolub SE)
Chevron Phillips Chemical Company LLC
Performance Chemicals (Division of BASF SE)

Key Segments Covered in the Refrigeration Oil Market Report

By Product Type:

Mineral Oil
Synthetic Oil

By Refrigerant Type:

Chlorofluorocarbon (CFC)
Hydro-chlorofluorocarbon (HCFC)
Hydro-fluorocarbon (HFC)
Ammonia
Others

By End User:

Industrial
Commercial
Residential
By Application:
Air Conditioners
Coolers
Chillers
Refrigerators/Freezers
Condensers
Others (Ice Machines etc)

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan (APEJ)
Japan
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Unlocking the Potential of Glycolic Acid: Diversified Applications Driving Market Expansion Across Industries

According to the latest Future Market Insights report, the worldwide glycolic acid market size is set to increase from US$ 456.4 million in 2022 to US$ 764.8 million by 2032. Total glycolic acid sales are projected to surge at 5.3% CAGR between 2022 and 2032.

Burgeoning demand from various end-use industries such as textile, pharmaceutical, personal care, and chemicals, is augmenting growth in the glycolic acid market. Over the years, glycolic acid has become a commonly used substance across various industries due to its multifunctional features.

For instance, in the food industry, glycolic acid is used as a flavoring agent and preservative, in the textile industry as a dye and tanning agent, and in the pharmaceutical sector as a skin care product. It is often used in solvents, emulsion polymers, and additives for paints and ink to improve flow qualities and impart gloss.

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Glycolic acid is also used in plastics and adhesives. It is a component of products used for treating surfaces that raise the coefficient of friction on tile floors. It is also the primary component of the household cleaning solution called Pine-Sol. Hence, growing application area of glycolic acid will continue to elevate demand in the global market.

Growing awareness of the advantages of glycolic acid compared to alternatives, increasing spending by numerous companies on research and development, and accelerating industrialization are expected to boost the global market.

Subsequently, rising usage of glycolic acid in skincare products to treat various skin disorders and increasing focus on technological advancement and modernization of production techniques will further aid in the expansion of the worldwide glycolic acid industry.

“Consistently growing demand from various end-use industries, particularly from the textile, and pharmaceutical industries, are expected to boost glycolic acid market over the projection period,” says a lead FMI analyst.

Key Takeaways from Glycolic Acid Market Study

The global market of glycolic acid is estimated to witness a CAGR of 5.3% on a value basis during the forecast period.
By source, natural glycolic acid segment is likely to generate maximum revenues throughout the forecast period.
Based on end use, the chemicals segment is estimated to create an incremental $ opportunity of about US$ 143.4 million between 2022 and 2032.
Europe and North America are expected to cumulatively hold around 48.8% of the overall market share.
The USA is a prominent importer of glycolic acid with an estimated import volume of 6,156 tons of glycolic acid.
Japan’s glycolic acid market is forecast to accelerate at 4.6% CAGR between 2022 and 2032.

Glycolic Acid Industry Top Players

The Chemours Company
Zhonglan Industry Co., Ltd.
Hefei TNJ Chemical Industry Co., Ltd.
Siddharth Chlorochem Pvt. Ltd.
Penta International Corporation
Connect Chemicals
Charkit Chemical Company LLC
Beijing LYS Chemicals Co., Ltd.
Haihang Industry Co., Ltd.
CrossChem LP
Spectrum Chemical Manufacturing Corp.

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Glycolic Acid Industry Segmentation

By Product Grade:

Technical Grade
Pharma Grade
Industrial Grade

By Source:

Natural
Synthetic

By End Use:

Personal Care
Chemicals
Oil & Gas
Textile
Pharmaceuticals
Agriculture
Electronics
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 ~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