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Acrylic Paint Market Poised for USD 209.4 Million Growth by 2034, Driven by Infrastructure and Urbanization

The projected acrylic paint market size will reach USD 209.4 million by 2034, which will be USD 138.8 million in 2024. The acrylic paint market growth will be capped at a sluggish CAGR of 4.2%.

The infrastructural developments support the acrylic paint market growth. The main reason behind this is that the new construction requires extensive paints for decorating the interior. The rising urbanization spurs the industrial coating segment. As a result, it drives the acrylic paint market for painting commercial and non-commercial projects.

The growing artistic expression and emphasis on its importance are leveraging the demand for acrylic paints. Due to this, the acrylic paint market is pushed. The growing technology creates room for innovation for the top acrylic paint brands, leveraging their growth. Hence, this will drive the acrylic paint market.

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Key Takeaways from the Market Study

The growing building and construction industry is fueling the demand for acrylic paints. The segment will hold 47.4% of the acrylic paint market in 2024.
Heavy body acrylics are widely used due to their better drying-off period. As a result, the segment is gaining popularity and will secure 54.2% of the market space in 2024.
The Indian acrylic paint market growth will occur the highest during the forecasted period, forecasting a CAGR of 6.2%.
Compared to the historical figures, the market growth will encompass a better path. It will progress at a CAGR of 4.2%, better compared to 2.3%, the historical development.

“For meeting environmental standards, strict regulatory policies are formed by governments, which is a key market challenge,” says an FMI analyst.

Competitive Landscape of the Acrylic Paint Market

With the substantial negotiating power of leading acrylic paint manufacturers, the competitive landscape of the market is fiercely cluttered. Due to this, the scope of growth for the new entrants reduces drastically. However, product launches, innovation, and strategic alliances might uplift their market presence.

On the other hand, top acrylic paint brands must use different tactics, including strategic partnerships, collaborations, mergers, and acquisitions. Some of the key market developments that occurred in the market are:-

In December 2023, AkzoNobel Powder Coatings signed a partnership with coatingAI. This partnership aimed to expand sustainability frontiers. The integration of AI to reduce carbon footprints aims to achieve sustainable output standards, helping the organization to enhance its production.
In April 2024, BASF SE launched a new generation of clearcoats and undercoats aimed to target the Asian Pacific refinish market. This product launch will assist the organization to gain a better market position in the global market.

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Top Key Players in the Acrylic Paint Market

Azkonobe
Asian Paints India
BASF SE
Berger Paints India
Berkshire Hathaway
PPG Industries
The Dow Chemical
Sherwin-Williams
National Coatings
Gellner Industrial

More Valuable Insights Available

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

The market is segmented by Product Type (Heavy Body Acrylics, Fluid Acrylics, Open Acrylics, and Others), Application (Walls, Fabrics, Metal, Ceramics, and Others), Industry Vertical (Building & Construction, Industrial, Textile, Automotive, and Others), and region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and the Middle East and Africa).

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

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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Americas Steel Pipes Market Projected to Reach US$ 35.3 million by 2033

Steel pipes, the versatile workhorses of infrastructure and industry, form the backbone of the Americas steel pipes market. This market is experiencing steady growth, driven by a confluence of factors that are shaping its future. Let’s delve into the key market drivers, trends, and opportunities:

Market Drivers: Building a Solid Foundation

Robust Construction Activity: A growing construction sector across North and South America, fueled by urbanization and infrastructure development projects, is driving demand for steel pipes used in buildings, bridges, and pipelines.
Expansion of Oil & Gas Industries: The Americas remain a significant player in the global oil & gas sector. Steel pipes are crucial for transporting oil and gas across vast distances, supporting exploration and production activities.
Aging Infrastructure Replacement: Extensive aging infrastructure in many parts of the Americas necessitates large-scale replacement projects, creating a significant demand for steel pipes.
Focus on Renewable Energy: The increasing adoption of renewable energy sources like wind and solar power requires steel pipes for tower construction and transmission grids.
Stringent Regulations and Safety Standards: Stricter regulations on pipeline safety and environmental concerns are driving the demand for high-quality steel pipes with improved corrosion resistance and durability.

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Trends Shaping the Steel Pipes Landscape

The Americas Steel Pipes Market is undergoing a transformation, driven by several key trends:

Focus on Advanced Manufacturing Techniques: Advancements in pipe manufacturing processes, like continuous casting and welding technologies, are leading to higher production efficiency and improved product quality.
Emphasis on Lightweight and High-Strength Steel: Development of lightweight, high-strength steel pipes allows for thinner walls while maintaining structural integrity, leading to reduced material usage and transportation costs.
Rise of Green Steel Production: Growing environmental concerns are pushing for the adoption of sustainable steel production practices, with a focus on minimizing the carbon footprint of steel pipes.
Integration with Digital Technologies: The use of Building Information Modeling (BIM) and digital fabrication techniques streamlines project planning and ensures better compatibility between steel pipes and other construction elements.
Focus on Anti-Corrosion Coatings and Linings: Utilizing advanced coatings and linings extends the lifespan of steel pipes and protects them from harsh environments, reducing maintenance costs and replacement needs.

Opportunities to Forge Ahead

The Americas Steel Pipes Market presents a wealth of opportunities for manufacturers, distributors, and service providers:

Focus on Innovation: Developing new and innovative steel pipe grades with improved strength-to-weight ratios, corrosion resistance, and weldability to cater to diverse applications.
Emphasis on Regional Production: Establishing or expanding regional production facilities can reduce reliance on imports, improve supply chain resilience, and cater to local market needs.
Life Cycle Management Solutions: Providing comprehensive after-sales services, including inspection programs, maintenance support, and readily available spare parts, fosters customer satisfaction and brand loyalty.
Focus on Sustainability: Investing in green steel production technologies and offering eco-friendly steel pipe options with lower carbon footprints caters to environmentally conscious buyers.
Embrace Digitalization: Developing e-commerce platforms for online ordering and integrating digital tools for project management and logistics optimization can enhance customer experience and operational efficiency.

Future Scope: A Steel Beam into the Future

The Americas Steel Pipes Market is poised for continued growth, driven by several key trends:

Growth of Prefabricated Pipe Spools: The increasing adoption of prefabricated pipe spools, where sections of pipe are pre-cut, welded, and coated before arriving at the construction site, can enhance project speed and reduce on-site labor costs.
Focus on Smart Pipes: Integrating sensor technology into steel pipes allows for real-time monitoring of pressure, temperature, and other parameters, enabling preventative maintenance and improving pipeline safety.
Expansion into Emerging Markets: Growth in infrastructure development projects in South American countries presents new opportunities for steel pipe manufacturers and distributors.
Rise of 3D Printing for Pipe Components: Advancements in 3D printing technology have the potential to revolutionize the production of complex pipe components, offering greater design flexibility and on-demand manufacturing capabilities.
Focus on International Collaboration: Collaboration between steel pipe manufacturers, engineering firms, and construction companies across the Americas can foster knowledge sharing, innovation, and the development of standardized solutions.

Saudi Arabia Drinking Water Industry Forecast: Demand to Reach USD 12,229.10 Million by 2034 – Surge in Solar-Powered Desalination

The Saudi Arabia drinking water industry value is expected to rise from USD 5,717.70 million in 2024 to USD 12,229.10 million by 2034. This industry is analyzed to expand at a CAGR of 7.9% over the next decade.

Saudi Arabia comes under the top five water users worldwide, consuming 360 L/day on average. The country is thus an attractive industry for players benefitting from the drinking water industry, which include consultants, contractors for water and wastewater systems, sewage water plants, and tank manufacturers, to name a few.

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The growing demand to maximize operational efficiency and fulfill the rising water demands in Saudi Arabia is creating opportunities for key players. Industry players are thus aiming to achieve sustainable water supply by committing to optimum use of available resources.

The distribution systems in Saudi Arabia are weakly holding up due to aging and inefficient use. The country is thus providing opportunities to manufacturers of water efficiency and monitoring solutions, including audio devices, radar beams, and helium gas.

“Extensive growth in the Eastern Province is creating a heightened demand for a continuous supply of water. Companies are thus dedicating to maximizing the presently available resources to be able to supply water sustainably,” says an analyst at Future Market Insights.

Key Takeaways from the Saudi Arabia Drinking Water Industry Report

The Saudi Arabia drinking water industry generated a revenue of US$ 4,571.30 million in 2019. In 2023, the industry attained an industry value of US$ 5,492.40 million. In this time frame, the industry recorded a 4.7% CAGR.
By product type, the functional water is expected to obtain a 40.40% industry share in 2024.
Indirect sales of drinking water are predicted to continue rising. By 2024, the indirect sales channel is anticipated to possess a prominent 70.10% share.

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Latest News

In September 2023, the Prime Minister of Saudi Arabia and the Crown Prince declared the setting up of Global Water Organization, which is headquartered in Riyadh. The core activities of this organization will be to integrate and elevate the efforts organizations and governments to secure global water sustainably.
In April 2023, Jazlah Water Desalination Co. of ACWA Power obtained the commercial operation certificate from Saudi Water Partnership Co. to produce 600,000 cubic meters of desalinated water in the kingdom every day.
Saudi Arabia launched a zealous cloud seeding program in April 2022. The program is run by the Saudi National Meteorological Center (NMC). This program aims to elevate water security and offer a substitute for the costly, energy-intensive desalinization plants that are presently supplying the bulk of the water in the Kingdom.
The Ministry of Environment, Water and Agriculture (MEWA) recently made news public that it has funded US$ 80 billion for water projects over the upcoming years. This is aligned with the United Nations Sustainable Development Goals (SDGs) that are developed keeping in mind equal access to safe and clean water globally.

Key Players that Rule the Saudi Arabia Drinking Water Industry

Water & Electricity Regulatory Authority (WERA):

WERA governs the electricity and water desalination sector in Saudi Arabia as well as district cooling.

Saline Water Conversion Corporation (SWCC):

SWCC is one of the many Public Investment Fund companies. The company is responsible for 69% of desalination in Saudi Arabia and 1/5^th of global desalination.

National Water Company (NWC):

NWC is a joint stock company in Saudi Arabia, which is fully owned by Public Investment Fund. The company’s inception took place to offer water and wastewater treatment services according to the latest international standards.

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Other Players:

Nestlé S. A.
Hayat Water
Al Hada Water Co. Ltd.
Naqi Water
Arwa
Dome
Tania
Berain
Al-Qassim Healthy Water
Hana Water
Al Ain Water
Dala Company
Fayha Water
Safawater. qa
Aquafina (PepsiCo, Inc.)
Najed
Nova
Manahel
Safa
Mazen
Al-Manhel
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

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
LinkedIn| Twitter| Blogs | YouTube

Investing in Clean Energy: Waste-Derived Pyrolysis Oil Offers Lucrative Opportunities in the Global Market

The waste-derived pyrolysis oil market is navigating the fiercely competitive landscape at a moderate CAGR of 5.1% through 2034. It will elevate the market size to USD 571.8 million from USD 347.6 million.

It’s not just market forces driving the waste-derived pyrolysis oil industry. Governments’ initiatives have played a pivotal role in creating market growth opportunities. Their sustainability initiatives have fueled the supply-side trends by emphasizing waste reduction and recycling processes. As a sustainable energy production method, pyrolysis is fulfilling the demand-side trends. This makes it a primary market driver, ensuring the market’s stability and potential for long-term growth.

Waste-derived pyrolysis oil brands create lucrative investment opportunities for customers by acquiring cutting-edge technology to produce clean energy from recycled plastic. Thus, the growing demand-side trends are met effectively. This is another critical market driver.

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Technological upgradation is more than just a buzzword in the waste-derived pyrolysis oil industry. It’s a tangible factor that has significantly lifted the efficiency of recycling plants. This enhanced energy production is not just a business strategy; it’s a commitment to cleaner energy fuels. This commitment drives the subject market, making it an attractive investment opportunity for forward-thinking investors.

Fluctuating natural gas and oil prices create a competitive niche for leading waste-derived pyrolysis oil manufacturers by offering a wide competitive landscape. This is a key market opportunity driving the subject market.

Key Takeaways from the Market Study

The Indian market provides a broad competitive landscape, growing at 7.68%, the highest among all the countries.
The United States of America is the largest market in terms of size, leading North America by registering market advancement at a CAGR of 2.9%.
The unrefined fuel segment is the largest, securing 53.2% of the market space in 2024.
Based on the source, the biomass segment will likely hold 47.7% of the market space in 2024.

“The only limitation for the waste-derived pyrolysis oil market is the high set-up cost of a plant, reducing the profit margin of key players,” says an FMI analyst.

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Competitive Landscape

Leading waste-derived oil pyrolysis oil manufacturers strive to gain a significant competitive market space in the waste-derived oil pyrolysis oil market. They implement various strategies to expand in the market space, including strategic collaborations, partnerships, mergers, or acquisitions. The following key recent developments are observed in the market:-

In November 2021, Enerkem explored a market niche regarding aviation fuels generated from local forest biomass. This innovation helped the organization reach its sustainability goals. Also, it has allowed the firm to commercialize its innovation to develop a sustainable revenue-generating source.
In August 2023, Fortum OyJ acquired Telge Energi AB. The leading waste-derived oil pyrolysis oil manufacturer aims to achieve sustainable and reliable solutions, which can be fulfilled through this strategic move.

Key Companies Profiled

Fortum OyJ
Enerkem
Ensyn Corporation
Twence B.V.
Agilyx Corporation
Green Fuel Nordic Corporation
Vadxx Energy LLC
Quantafuel AS
RESYNERGI
nexus FUELS LLC

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More Valuable Insights Available

Future Market Insights offers an unbiased waste-derived pyrolysis oil market analysis, providing historical data from 2019 to 2023 and forecast statistics from 2024 to 2034.

Fuel Type (Unrefined and Refined (Diesel, Petrol/Gasoline, Fuel oil, and Others)), Pyrolysis Process (Fast, Flash, and Others), Source (Plastic (LDPE, HDPE, Polystyrene, and Others), Rubber, and Biomass), and End Use (Heat & Power (Boilers, Gas Turbines, and Diesel Engines), Automotive Fuel, Bio Refineries, and Food Flavouring) segment the subject market.

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Automotive Soft Trim Interior Materials Market Set to Reach USD 9,601.3 Million by 2033, Growing at 4.8% CAGR

The market for automotive soft trim interior materials market is poised for substantial growth, projected to reach a staggering USD 9,601.3 Million by the year 2033, with a steady CAGR of 4.8%. This forecast underlines a significant upward trajectory in the demand for soft trim materials used in vehicle interiors. These materials play a crucial role in enhancing comfort, aesthetics, and overall appeal within automobiles.

With consumers placing increasing importance on interior quality and design, the automotive industry is witnessing a notable shift towards the utilization of high-quality, durable soft trim materials. This growth trend is expected to persist as automakers continue to prioritize innovation and customer satisfaction in their vehicle offerings.

The market’s rising demand has encouraged the ongoing development of manufacturing procedures for vehicle interiors. Future vehicle interior producers need to adapt to shifting consumer preferences and grow in a varied, distinctive, and branded way while maintaining high standards for quality and safety.

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Key Takeaways from the Automotive Soft Trim Interior Materials Market Report:

By 2033, the automotive soft trim interior materials market in the United Kingdom is likely to expand, with a CAGR of 4.9%.
In 2023, the United States is expected to develop the automotive soft trim interior materials business with a share of 12.3%.
The automotive soft trim interior materials market grew considerably to USD 5,743.6 million in 2022.
The automotive soft trim interior materials sector expanded at a CAGR of 4.6% from 2018 to 2022.
By 2033, China’s automotive soft trim interior materials market is projected to develop with a CAGR of 4.6%.
By 2033, India’s automotive soft trim interior materials industry is projected to develop with a CAGR of 5.2%.
Japan’s automotive soft trim interior materials industry is expected to expand significantly, with a 6.1% share in 2023.
Australia’s automotive soft trim interior materials sector is expected to expand, with a share of 1.1% in 2023.
Germany’s automotive soft trim interior materials sector is expected to expand, with a share of 10.5% in 2023.
In 2023, the leather segment is likely to dominate the market, with a share of 18.7%, based on material type.

Competitive Landscape:
As the importance of sustainability increases, businesses are creating soft-trim materials that are recyclable, environmentally friendly, and derived from renewable resources. This trend towards eco-friendly methods is consistent with rising consumer awareness and legislative obligations.

In the automobile sector, mergers and acquisitions are frequently used to increase product diversity and consolidate market dominance. Companies either buy out or merge with comparable enterprises to access cutting-edge technology, customer growth, and market position.

Leading Key Players:

NHK SPRING Co., Ltd
Faurecia Interior Systems, Inc.
Lear Corporation.
SEIREN Co., Ltd.
Grupo Antolin
Magna International Inc.
Toyota Boshoku Corporation
TS TECH CO., LTD.
Adient plc
GST AutoLeather
Mayur Uniquoters Limited
The Haartz Corporation
Recticel NV/SA
Auto Trim
Classic Soft Trim

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Recent Development:

In October 2022, upholstery fabric produced from recycled plastic bottles was unveiled by Lear Corp., a producer of automobile seats and electronic systems. Also, the business disclosed intentions to work with a significant carmaker to deliver a 100% recyclable sueded material for use in centers and door panels in 2024.
Toyota Boshoku Corporation (Japan) and TACHI-S CO., LTD. (Japan) announced in March 2017 that they had inked a collaboration agreement to increase their respective competitiveness in the global automotive markets and provide car seats that meet consumer expectations.

Automotive Soft Trim Interior Materials Market Segmentation:

By Material Type:

Fabric
Leather
Thermoplastic Polymers (Includes PVC)
Thermoplastic Elastomers
Thermoplastic Olefins (TPO)
Thermoplastic Polyurethanes (TPU)

By Application:

Door Trim
Seating
Cockpit and Dashboard
Pillar Trim
Headliner
Floor/Acoustic Systems
Trunk

By Vehicle Type:

Passenger Cars
Sub-Compact
Compact
Mid-Size
Sedan
SUV/MUV
Luxury
Light Commercial Vehicles
Heavy Commercial Vehicles

By Sales Channel:

OEM
Aftermarket

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

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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Growing Demand and Trends of Chickpea Industry Poised for Growth, Predicted to Reach USD15.5 Billion by 2033

Global chickpea market is experiencing a significant surge, with sales anticipated to escalate from US$ 7,948.2 million in 2023 to an impressive US$ 15,519.9 million by 2033, reflecting a robust CAGR of 6.9%. Fueled by increasing consumer awareness of health benefits and the rising popularity of plant-based diets, the chickpea industry presents lucrative opportunities for investors seeking sustainable growth in the B2B sector.

The demand for chickpeas is driven by:

Health Consciousness: With consumers prioritizing nutritious food choices, chickpeas, rich in protein, fiber, and essential nutrients, have emerged as a preferred option, fueling demand for chickpea-based products.
Plant-Based Diets: The growing adoption of plant-based diets, coupled with the surge in veganism, is propelling the demand for chickpeas as a versatile and sustainable protein source, catering to changing dietary preferences worldwide.

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Key factors contributing to the growth of the chickpea market include:

Rising Snacking Culture: Chickpeas are gaining popularity as convenient, nutritious snacks, driving market growth as consumers seek healthier alternatives to traditional snack options.
Expanding Product Portfolio: Innovations in chickpea-based products, such as chickpea flour, snacks, and protein isolates, cater to diverse consumer preferences and dietary requirements, fostering market expansion.
Global Production Trends: With India emerging as a leading producer of chickpeas and increasing production in South Asian nations, the market is poised for significant growth, supported by robust supply chains and favorable agricultural practices.

Nourishing Future of The Market Driven by Government Initiatives

The government has taken strong measures to encourage the production and consumption of chickpea proteins, which have numerous health advantages, catalyzing the chickpea protein market growth. In line with this vision, European policymakers have put forth initiatives to promote the production and consumption of chickpeas and other plants high in protein.

This tactical choice is projected to result in a considerable increase in chickpea protein production, fueling significant chickpea market expansion afterward. These programs encourage sustainable food production and consumption while promoting healthier diets and economic opportunities in agriculture.

Chickpea’s Rise in Nutraceuticals Unveil Market Growth Opportunities

Since chickpeas are a plant-based protein, they are a healthier option for persons with chronic cardiovascular conditions. Consuming chickpea protein also helps to prevent hair loss and preserve healthy skin.

Due to all these health advantages, chickpeas are being more widely used in nutraceuticals, which is anticipated to lead to multiple potential for chickpea market expansion. In addition, chickpea protein is renowned for playing a crucial part in controlling blood sugar, particularly in those with type 2 diabetes. Chickpeas are crucial for managing diabetes.

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Chickpea Protein’s Hidden Woes

With a broad profile of necessary components, chickpea protein powder boasts substantial nutritional advantages. Due to its possible negative effects, its chickpea protein ingredients market expansion confronts difficulties. Consuming excess chickpea protein and its constituent parts can cause serious digestive issues and even damage the digestive tract.

This may cause unpleasant side effects, including acidity and bloating, which can prevent the widespread use of goods containing chickpea protein. Careful moderation and awareness of these adverse effects are necessary to completely reap the benefits of chickpea protein while reducing any negatives.

“The chickpea business exhibits potential growth due to rising consumer demand for plant-based protein sources. Consumption is being driven by rising health-consciousness and nutritional choices. However, supply fluctuation and weather-induced problems pose difficulties. The chickpea protein market appears to be optimistic, with ample space for expansion if supply chain issues can be adequately handled.” says Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.).

Key Takeaways

The desi segment in the product type category to grab a share of 63.8% through 2033.
The United States industry to grab a share of 3.3% by 2033.
Canada to hold a market share of 3.2% by 2033.
Germany is going to dictate 1.0% of the global market by 2033.
By 2033, China may possess 5% of the global market
Australia is anticipated to hold a 0.6% market share by 2033.
By 2033, Japan’s market is going to latch a 1.3% share.

Competitive Landscape

To fulfill the rising demand for chickpeas worldwide, chickpea manufacturers primarily concentrate on boosting production per hectare for farmed land and developing innovative harvesting methods. The manufacture of good export-quality chickpeas is another goal for leading chickpea manufacturers.

Recent Advancements

A novel chickpea protein isolate for making plant-based ice cream was unveiled in December 2022 by the food technology business ChickP Protein. To make a prototype ice cream using the protein mentioned above isolate, the business collaborated with Vaniglia.
NotCreme debuted on Masterchef Brazil in August 2022, according to NotCo, a Chilean unicorn food technology company. The end product is a vegan milk cream prepared from chickpeas.
The addition of organic chickpea spaghetti to its current lineup of organic plant-based pasta was announced by Tolerant, a division of the Barilla Group noted for creating minimally processed legume-based pasta, in July 2022.

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Key Takeaways for Investors:

Diversification Opportunities: Investing in chickpea-based product development and diversification enables companies to capitalize on the growing demand for plant-based foods and snacks, driving revenue growth and market penetration.
Supply Chain Optimization: Leveraging efficient supply chain management and sustainable farming practices enhances cost-effectiveness and ensures a consistent supply of quality chickpea products, mitigating risks and maximizing profitability.
Market Expansion Strategies: Expanding into emerging markets like China, where demand for plant-based proteins is on the rise, presents strategic growth opportunities for investors seeking to tap into new consumer segments and drive long-term value creation.

Key Segments

By Form:

Dried
Fresh
Canned
Frozen
Others

By Application:

Direct Consumption
Snacks
Delicacies
Dips
Others

By Type:

Kabuli Chickpea
Indian Chickpea
Garbanzo Beans
Desi Chickpeas
Others

By Color:

Yellow
Brown
Green
Red

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
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 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
LinkedIn| Twitter| Blogs | YouTube

Surge in Consumer Electronics, EVs, and Pharma Drives N-Methyl-2-Pyrrolidone Market to USD 1.6 Billion by 2034

The N-methyl-2-pyrrolidone market, a crucial solvent in various industries, is projected to grow at a stable CAGR of 4.70% from USD 1,028.70 million in 2024 to USD 1,628.40 million by 2034, indicating a positive trend in the industry. N-methyl-2-pyrrolidone demand growth is driven by increasing utilization in developing regions, industrialization, and industry enhancement. The market is expected to experience positive effects due to the surging usage and adoption of consumer electronic products, high demand for lithium-ion batteries in electric vehicles, and increasing demand from the pharmaceutical industry.

The global N-methyl-2-pyrrolidone market is segmented into four kinds: reagent grade, electronics grade, industrial grade, and standard grade. The Asia-Pacific region dominates the market due to the large-scale growth of various industries. At the same time, Europe and North America project the highest CAGR due to stringent regulatory measures regarding specific N-methyl-2-pyrrolidone applications. The country section of the N-methyl-2-pyrrolidone market report provides individual market-impacting factors and changes in market regulation domestically that impact current and future trends.

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“The n-methyl-2-pyrrolidone market is expected to witness significant growth due to rising demand from the pharmaceutical, industrial, and chemical industries. It is increasingly used in drug formulation, manufacturing processes, industrial cleaners, waterborne paints, and solvent-borne coatings. Additionally, the increasing application of NMP in manufacturing magnetic wire coatings and Li-ion batteries is expected to drive market growth shortly.”

Key takeaways of N-methyl-2-pyrrolidone market

The N-Methyl-2-Pyrrolidone market is expected to grow at a CAGR of 2.60% in the United States.
Canada’s market is expected to experience a 2.1% CAGR from 2024 to 2034.
Germany’s market is expected to grow at a 2.0% CAGR due to increased demand in the automotive and chemical industries.
China’s market is expected to grow at a 5.20% CAGR due to its use as a cleaning agent for electronic components and solvents in drug formulation.
India’s market is expected to grow at a 7.00% CAGR due to its use as a pesticide in the pharmaceutical industry.

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Competitive landscape

The N-Methyl-2-Pyrrolidone (NMP) market is fragmented and driven by increasing demand in pharmaceuticals, electronics, and petrochemicals. Key players include BASF SE, LyondellBasell Industries Holdings B.V., Eastman Chemical Company, Mitsubishi Chemical Corporation, and Ashland Global Holdings Inc. BASF SE offers a range of products for pharmaceuticals, agrochemicals, and electronic materials. Focus on innovation and development, introducing a new NMP product for high-performance polymer production.

Eastman Chemical Company is a global leader in specialty chemicals, including NMP, for various applications. Mitsubishi Chemical Corporation is a leader in sustainability and environmental responsibility, introducing a new NMP product using renewable energy sources. Focuses on product quality and customer service.

Latest development

Mitsubishi Chemical Corporation: Global chemical company offering various products and solutions to various industries, committed to sustainable development.
Hefei TNJ Chemical Industry Co., Ltd: Leading chemical supplier in China, specializing in producing and distributing various chemicals, with excellent customer service.
Shandong Qingyun Changxin Chemical Science-Tech Co., Ltd: Chemical manufacturer specializing in the production of N-Methyl-2-Pyrrolidone (NMP), committed to providing high-quality products and services.

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Key Segmentation

By Grade:

Standard
Electronics
Pharmaceutical
Others

By Application:

Petrochemical Processing
Paints & Coatings
Industrial Cleaners
Electronics
Agrochemicals
Pharmaceutical
Others

By Region:

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

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Nandini Singh Sawlani

Revolutionizing Healthcare Imaging: Cutting-edge X-ray Systems Market is likely to hit USD 15,969.2 Million by 2034 to Meet Growing Demand

Recent market projections have indicated a remarkable trajectory for the X-ray system market, forecasting a valuation of USD 11,880.4 million by 2024, with expectations soaring to USD 15,969.2 million by 2034. This surge is fueled by the escalating prevalence of chronic diseases and an aging global population, underlining the urgent need for advanced medical imaging solutions.

In response to this burgeoning demand, FMI is proud to announce its innovative line of X-ray systems. These cutting-edge solutions are tailored to seamlessly align with the evolving landscape of healthcare, offering unparalleled efficiency and accuracy.

Designed with versatility in mind, our portable X-ray systems cater to the rising demand for point-of-care imaging solutions, particularly in remote or under-resourced healthcare settings. By facilitating swift and on-site diagnostics, our technology empowers healthcare professionals to deliver timely medical interventions, addressing a critical need in the industry.

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“We are excited to introduce our latest X-ray systems that not only meet but exceed the industry standards. The demand for portable and efficient medical imaging solutions is on the rise, and our products are geared towards providing healthcare professionals with the tools they need to deliver optimal patient care,” said Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.).

The X-ray systems from FMI are equipped with cutting-edge technology to ensure accurate and rapid diagnostics. With a moderate Compound Annual Growth Rate (CAGR) of 3.0% expected from 2024 to 2034, our innovative solutions are well-positioned to contribute significantly to the evolving healthcare landscape.

Key Features of FMI X-ray Systems:

Portable design for on-site diagnostics
High precision and accuracy in imaging
User-friendly interface for seamless operation
Integration with advanced healthcare IT systems

As a company committed to pushing the boundaries of innovation in healthcare technology, FMI continues to invest in research and development to stay at the forefront of the industry. Our X-ray systems exemplify our dedication to providing healthcare professionals with tools that enhance patient outcomes and streamline medical processes.

X-Raying the Future: Key Trends Shaping the Market

On-the-Go Diagnostics: Portable X-ray systems are taking center stage, empowering healthcare beyond the hospital walls. Resource-limited settings and remote areas are no longer out of reach, thanks to these compact imaging solutions.
Dose-Conscious Care: Radiation worries are a thing of the past with the rise of low-dose imaging technologies. Companies are innovating to deliver accurate diagnoses while minimizing radiation exposure, ensuring patient safety and environmental protection.
Breaking Down Silos: X-ray systems are no longer solitary islands. Manufacturers are integrating them with other imaging modalities like MRI and CT, creating a holistic diagnostic toolbox for healthcare providers.
Remotely Reaching Patients: Telemedicine isn’t just a buzzword anymore. X-ray systems with remote monitoring capabilities are bridging the gap, allowing healthcare professionals to analyze images from afar, making diagnostics accessible to everyone.
Going Green: Sustainability is finding its way into X-ray systems. Modular designs and recycling initiatives are minimizing electronic waste and reducing the environmental impact of these vital tools.
Precision Medicine Takes Aim: Personalized medicine is driving the development of X-ray systems with tailored diagnostic capabilities. Advanced applications like functional and molecular imaging are paving the way for more precise diagnoses.
Cybersecurity: A Digital Shield: As X-ray systems become increasingly digital, protecting patient data is paramount. Strict regulatory standards for data security are pushing companies to invest in robust cybersecurity measures, ensuring information remains safe and sound.

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Key Companies in the Market:

Koninklijke Philips N.V.
Siemens Healthineers AG
GE Healthcare
Canon Medical Systems
Shimadzu Corporation
FUJIFILM SonoSite, Inc.
Carestream
Mindray Medical International Limited
Hologic, Inc
New Medical Imaging
AGFA

Recent Developments in the X-ray System Industry:

August 2021 saw the debut of Shimadzu Corporation’s “MobileArt Evolution MX8 Version,” a mobile X-ray system designed to accommodate a flat panel X-ray detector (FPD) for digital imaging tasks.
GE Healthcare forged a collaboration with Amazon Web Services (AWS) to furnish hospitals and healthcare providers with advanced AI and cloud-driven imaging solutions.
Siemens Healthineers unveiled the Luminos Impulse in October 2021. This innovative device combines fluoroscopy and radiography functionalities into a single remote-controlled imaging system, promising enhanced clinical productivity and efficiency.

Key Segments:

By Product Type:

Medical X-ray Devices
- Fixed/Floor Mounted
- Mobile and Portable Devices
X-Ray Diffraction (XRD)
- Powder Diffraction
- High-Resolution XRD
- Custom XRD
X-Ray Fluorescence (XRF)
- Security X-Ray Devices
- Closed X-Ray Systems
  - Full Body Scanner
    - Single View
    - Dual View
- SAXS/WAXS

By Application:

Medical
Research and Development
Security

By End Use:

Hospital
Diagnostic Imaging Centers
Airports
Malls
Railway & Metro Stations
Government Facilities & Homeland Security

By Region:

North America
Latin America
Europe
East Asia
South Asia
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.

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Nandini Singh Sawlani

Growing Demand and Trends of Iced Tea Market Surging at 6.0% CAGR, Eyeing USD 12.1 Billion by 2034

The iced tea market is on a trajectory of robust growth, anticipated to reach a staggering value of US$ 12,132 million by 2034, with a notable CAGR of 6.0%. Driven by evolving consumer preferences, innovative product offerings, and expanding distribution channels, the market presents lucrative opportunities for investors seeking to capitalize on the beverage industry’s dynamic landscape.

The demand for iced tea is fueled by:

Functional Ingredient Integration: Consumer preference for health-enhancing additives like vitamins and superfoods drives demand for functional iced tea variants, aligning with wellness trends and catering to health-conscious consumers.
Cannabis-infused Products: Manufacturers tapping into the wellness segment with cannabis-infused iced tea products capitalize on the growing demand for premium and relaxation-focused beverages, targeting consumers seeking alternative refreshments with potential health benefits.
Social Media Influence: Leveraging social media platforms, beverage companies enhance brand visibility, engagement, and purchasing intent, establishing meaningful connections with consumers in the digital age and driving market growth.

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Key factors contributing to the growth of the iced tea market include:

Innovative Product Offerings: Companies introducing novel flavors, formats, and packaging innovations cater to evolving consumer preferences, driving excitement and demand for iced tea products.
Health and Wellness Trends: Rising health consciousness among consumers prompts the demand for healthier beverage alternatives, leading to the integration of functional ingredients and the launch of sugar-free and low-calorie options.
Digital Marketing Strategies: Effective utilization of social media platforms and influencer partnerships enhances brand engagement, expands market reach, and fosters brand loyalty, driving sales and market growth.

Key Takeaways

United States Steeped in Iced Tea Bliss: The United States embraces its love for energizing flavors and stands tall as the reigning superpower in the global iced tea market, with a sizeable market share of 21.1%.
Germany Brews Up a Tasty Trend: As customers look for flavor variety and healthier beverage options, Germany’s 7.7% market share demonstrates a rising appreciation for iced tea.
Japan’s Slow Steep: Despite having a small market share of 4.8%, the nation of tea rituals and traditional brewing techniques offers potential for creative iced tea products to appeal to the sophisticated Japanese palate.
Australia Takes a Sip Down Under: With a 2.2% market share, Australia’s sunny coastlines are the perfect location for iced tea consumption, as tourists seek out cool, thirst-quenching drinks to beat the heat.
China and India’s Consistent Rise: The market shares of China, which represent 11.7%, and India, which represent 4.1%, show the growing popularity of iced tea in these large countries, which is supported by rising disposable incomes and shifting consumer preferences for healthier beverage options.
The United Kingdom is starting a tea revolution with a 5.4% market share, adopting iced tea as a hip and modern twist to its long-standing fondness of traditional brews.

Competitive Landscape

The iced tea market is highly competitive due to the presence of established players, similar product offerings, and low barriers to entry for new companies. Differentiation and strategic marketing are crucial for gaining a competitive edge and securing consumer loyalty.

Starbucks

This coffee shop business also offers a selection of iced teas. Iced teas from Starbucks are renowned for their superior quality and extensive flavor selection.

Nestle

The Nestea brand is used by the multinational food and beverage business Nestlé to market a variety of iced teas. Iced teas from Nestea are renowned for their affordability and convenience.

Arizona Beverages

A company that specializes in iced tea in cans is called Arizona Beverages. Iced teas from Arizona are renowned for their strong flavors and affordable costs.

PepsiCo

Under the Lipton brand, the multinational food and beverage business PepsiCo offers a range of iced teas. Iced teas from Lipton are well-known for their traditional flavors and extensive availability.

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Key Developments

Flavored Iced tea: As customers desire a larger range of flavor options, the market for flavored iced teas is expanding. As a result of this trend, fresh and creative flavors like mango, peach, and raspberry have been created, appealing to shifting customer preferences and broadening the market’s appeal.
Expansion into New Markets: Companies are carefully expanding into new areas, particularly those in Asia, South America, and Africa, in response to the rising demand for iced tea. By leveraging the untapped potential in these areas and reaching out to growing customer bases, this regional expansion intends to accelerate the global iced tea market’s overall growth trajectory.

Key Takeaways for Investors:

Innovation and Differentiation: Investing in research and development to identify and incorporate trending ingredients and flavors enables companies to differentiate their products, capture market share, and sustain growth in a competitive landscape.
Adaptability to Regulatory Changes: Staying abreast of evolving regulations and compliance requirements ensures product integrity, mitigates risks, and maintains market competitiveness, safeguarding investor interests and brand reputation.
Brand Engagement and Visibility: Allocating resources to digital marketing initiatives, influencer collaborations, and community engagement enhances brand visibility, fosters consumer loyalty, and drives sales, maximizing investor returns and market penetration.

Key Segments Covered in the Iced Tea Market Report

By Format:

Ready-to-Drink
K-cups
Bottled
Stand-up Pouches
Powdered Mixes
Cartons
Tins/Jars
Concentrates
Sachets
Tea Bags

By Base:

Green Tea
Black Tea
Herbal Tea
Oolong Tea
White Tea
Matcha Tea
Fruit
Chai

By End Use Application:

Food Service
Bakeries & Patisseries
Airport Retail
Travel Retail
Retail
Hypermarket/Supermarket
Convenience Stores
Departmental Stores
Wholesale Stores
Online Retailers

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & 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.

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Thriving Potassium Sulfate Market: A CAGR of 4.8% Propels Growth to USD 8.3 Billion by 2034

The global potassium sulfate market will reach a valuation of USD 5.2 billion in 2024, attributed to factors such as climate change adaptation. The trend is set to create new opportunities for the market, leading to a projected CAGR of 4.8% between 2024 and 2034, and reaching a total valuation of approximately USD 8.3 billion by 2034.

Maintaining soil health is essential for sustainable agriculture. Potassium sulfate, with its low salt index and ability to improve soil structure, can contribute to soil health management strategies.

The emphasis on soil health regeneration presents an opportunity for the increased adoption of potassium sulfate.

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There is growing interest in biofortification, which involves enhancing the nutritional content of crops to address micronutrient deficiencies in human diets.

Potassium sulfate can be used to fortify crops with potassium, improving their nutritional value and addressing dietary deficiencies.

The utilization of organic waste materials, such as compost and manure, in combination with potassium sulfate fertilizers, can create synergistic effects in soil fertility and crop productivity.

Recycling organic waste not only reduces environmental pollution but also provides a sustainable source of nutrients for crops.

Expanding market penetration into regions with underdeveloped agricultural sectors presents opportunities for growth in the potassium sulfate market.

Targeting emerging economies with rising agricultural investment and modernization initiatives can unlock new demand sources.

Precision agriculture technologies enable farmers to implement site specific nutrient management practices based on soil and crop requirements.

Key Takeaways from the Market Study

Global potassium sulfate market was valued at US$ 4.9 billion in 2023.
From 2019 to 2023, the market demand expanded at a CAGR of 3.9%.
The market in India to expand at a CAGR of 7.6% through 2034.
By product form, the granular segment to account for a share of 72.4% in 2024.
The market in China will expand at a CAGR of 5.7% through 2034.
In terms of application, the fruit segment to account for a share of 26.5% in 2024.

Potassium sulfate manufacturers can develop tailored products and recommendations to support precision nutrient application, optimizing fertilizer use efficiency, remarks an FMI analyst.

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Competitive Landscape

Prominent players in the potassium sulfate market are Compass Minerals International, Inc., Sesoda Corp., Tessenderlo Group, SDIC Xinjiang Luobupo Potash Company Limited, Yara International ASA, Migao Corporation, Kemira Kemi AB, The Mosaic Company, and China Ching Shiang Chemical Co. Ltd., among others.

Company Portfolio

Tessenderlo Group offers a diverse range of potassium sulfate products tailored for agricultural and industrial applications.

Their portfolio includes potassium sulfate fertilizers formulated to provide essential nutrients for optimal plant growth and development.

The company also produces potassium sulfate based chemicals used in various industrial processes such as glass manufacturing, detergents, and pharmaceuticals.

SDIC Xinjiang Luobupo Potash Company Limited is a major producer of potassium sulfate in China.

Their portfolio includes potassium sulfate fertilizers formulated to meet the specific nutrient requirements of different crops and soil types.

SDIC Xinjiang Luobupo Potash Company Limited also offers potassium sulfate products for industrial applications such as the production of potassium carbonate, potassium hydroxide, and potassium alum.

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More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global potassium sulfate market, providing historical data for 2019 to 2023 and forecast statistics from 2024 to 2034.

To understand opportunities in the potassium sulfate market, the market is segmented on the basis of product form (granular, powder, liquid), and application (tree nuts, fruits, vegetables, tobacco, others), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)).

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Nandini Singh Sawlani