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The global sulfuric acid market  is poised for significant growth, projected to surpass US$ 19,030.60 million by 2023. The sulfuric acid sales are expected to witness a CAGR of 3.40% from 2023 to 2033. By 2033, the sulfuric acid catalyst market is anticipated to reach a valuation of US$ 26,586.30 million.

Growth Stimulants for the Sulfuric Acid Market

• The quick adoption of sulfuric acid as a fertilizer has increased crop yields while improving crop quality and quantity.
• The sulfuric acid catalyst market expansion is driven by rising industrialization, increased research and development using sulfuric acid, and increased urbanization.
• Growing consumer demands for higher-quality crops with nutrients in vegetables and meeting the demands to boost the amount of agricultural products manufactured using fertilizers.
• The sulfuric acid market developed due to the swift adoption of electric vehicles and the expansion of the automotive industry due to rising consumer demand.

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Hurdles in the Sulfuric Acid Industry

• Consumer demand for sulfuric acid as a fertilizer to boost crop yields has increased, which is hazardous to the body and is subject to regulations. A rise in the sulfuric acid rates consistently impedes sulfuric acid catalyst market expansion.
• There is a lack of expertise among individuals when it comes to using concentrated sulfuric acid, which is extremely dangerous. A lack of skill could cause a decrease in market growth for sulfuric acid.
• The growth of the sulfuric acid market may need to be improved by the availability of substitutes for use in product processing, manufacturing, and production in the chemical industry that can adapt to new chemicals.

Regional Outlook

• Owing to the strong presence of industries like mining, agriculture, and chemicals, the sulfuric acid market in North America is predicted to advance steadily.
• In North America, the use of cleaner production methods is being encouraged by strict environmental regulations.
• Due to the established industrial base, the sulfuric acid market in Europe is expected to grow at a moderate rate.
• Market growth for sulfuric acid is going to be fueled by Europe’s emphasis on sustainability and rising sulfuric acid demand from the production of electronics and automobile batteries.
• Due to the swift industrialization of nations like China and India, the Asia Pacific sulfuric acid catalyst market is expected to develop significantly.
• Primary consumers are the chemical, construction, and agricultural industries in Asia Pacific. Rising urbanization is pushing up the demand for sulfuric acid.

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“Sulfuric acid is essential in the manufacturing and industrial sectors, particularly in manufacturing phosphate-based fertilizers. With the expansion of the food industry, fueled by the rising population and developing-country spending power, demand for sulfuric acid fertilizers is advancing. Asia Pacific industrial growth is stimulating the global sulfuric acid industry.” – says Analyst at Future Market Insights, Inc.

Key Takeaways

• The segment for elemental sulfur is predicted to grab a sulphuric acid market share of 59.4%.
• A 96.2% market share for sulfuric acid is anticipated for the standard purity type sector.
• The United States sulfuric acid sales are anticipated to surge at a CAGR of 2.3% by 2023.
• The Canada sulphuric acid market is anticipated to accelerate at a CAGR of 2.1% from 2023 to 2033.
• Germany sulfuric acid market is to develop at a CAGR of 3% through 2023.
• The France sulfuric acid industry is expected to accelerate a CAGR of 2.7% between 2023 and 2033.
• The sulfuric acid demand in the United Kingdom is to witness growth at a CAGR of 2.6% from 2023 to 2033.
• The Italy sulfuric acid market is to record a CAGR of 2.3% through 2023.
• The Spain sulfuric acid market expects growth from 2023 to 2033 at a CAGR of 2.4%.
• China sulfuric acid sales are expected to surge at a CAGR of 3.6% until 2033.
• India sulfuric acid industry is anticipated to boost at a CAGR of 3.5% by 2023.
• ASEAN sulfuric acid sales to soar at a CAGR of 3.3% between 2023 and 2033.
• ANZ sulfuric acid industry to register a CAGR of 2.9% through 2023.
• Japan sulfuric acid market may exhibit a CAGR of 2.8% by 2023.

Competitive Landscape

Owing to the abundance of sulfuric acid suppliers and sulfuric acid manufacturers, the global industry is highly competitive. While controlling distribution costs, these businesses employ various strategies to satisfy the expanding demand and broaden their global reach. Companies are turning to tactics like mergers, acquisitions, joint ventures, and expansions to take full advantage of the opportunities that global markets present.

Recent Developments

• Industrial plants started using BASF’s O4-111 X3D and O4-115 X3D sulfuric acid catalysts in July 2022, the first made using the new technology.
• The new onsite Waste Heat to Power Plant at PVS Chemicals, Inc. capture waste steam to produce 2.6 MW of renewable electricity through a steam turbine generator in August 2022. Energy Systems Group, LLC is a leading provider of sustainable energy solutions and a wholly-owned subsidiary of CenterPoint Energy, Inc. This partnership will significantly improve sustainability at PVS Chemicals’ sulfuric acid plant.
• The additional capacity of the sulfuric acid plant was put into service by Oriental Carbon and Chemicals in April 2022. With effect from March 2025, the company is authorized by ICC to use the ‘Responsible Care’ logo.

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Sulfuric Acid Market Manufacturers

• BASF SE
• Ineos Group Ltd
• KANTO Corporation
• Aurubis AG
• Avantor Performance Materials, LLC
• PVS Chemicals Inc.
• Seastar Chemicals
• KMG Chemicals
• Qingdao Hisea Chem Co.Ltd
• Linde Group
• Nouryon
• Cornerstone Chemical Company
• Ma’aden – Saudi Arabian Mining Company
• Canada Colors and Chemicals Limited
• Hubei Xingfa Chemicals Group Co., Ltd

Sulfuric Acid Market Key Segments

By Purity Type:

• Standard
• Ultra-pure

By Raw Materials:

• Elemental Sulfur
• Base Metal Smelters
• Pyrite Ores
• Others

By Application:

• Fertilizers
• Petroleum Refining
• Metal Production and Processing
• Wastewater Treatment
• Chemicals Production
• Textile Processing
• Pulp and Paper Production
• Semiconductor and Electronics
• Pharmaceuticals
• Domestic Cleaning Products
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia and Pacific
• 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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The acoustic insulation market size is projected to reach US$ 15,061.4 million in 2023. With the growing demand for acoustic insulations across various end-user industries, the market graph is likely to shoot up. The market is likely to garner US$ 26,550.8 million by 2033 while exhibiting a CAGR of 5.8% from 2023 to 2033.

The installation of sound barriers has increased dramatically in a variety of sectors, including trains, highways, airport runaways, stations, and others, as a result of an increasing focus on developing building infrastructure to provide a comfortable environment in public areas.

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Another significant factor influencing the market is the rise in product releases. For instance, Armacell declared a strategic alliance with the German TITK Group and Melamine in January 2021. Armacell said that it would use nonwovens made of melamine resin to produce effective insulating solutions. It is UV and flame-resistant.

Armacell released the ArmaGel DT acoustic insulator in August 2020, as another example. It has decreased insulation thickness compared to its other insulation competitors while providing remarkably low heat conductivity and high acoustic performance. The market is expected to grow shortly as a result of the introduction of such updated and sophisticated products.

On the other hand, market expansion is projected to be significantly hampered by Europe’s slow expansion of construction activities. Other factors limiting industrial expansion include raw material instability and increasing demand for raw materials containing greenhouse emissions. However, the market is projected to overcome the limiting circumstances with the introduction of aerogel, assisting in market expansion.

Competitive Landscape:

Key players in the global acoustic insulation market include Saint-Gobain, Knauf Insulation, Soprema, Armacell International, and Rockwool International A/S, among others. Recent developments among players include:

• In January 2020, Saint-Gobain acquired Sonex in Brazil, a company renowned for manufacturing and supplying acoustic ceiling systems, marketed in particular under the Nexacustic, Sonex, and Fiberwood brands. The initiative is expected to expand the group’s position in Brazil.
• In August 2020, Armacell rolled out ArmaGel DT. ArmaGel product offers good thermal and acoustic solutions to customers globally with fine quality.

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Key Segments Covered in the Acoustic Insulation Market Survey:

By Type:

• Glass Wool
• Rock Wool
• Foamed Plastic
• Elastomeric Foam

By End Use Industry:

• Building and Construction
• Transportation
• Oil & Gas and Petrochemicals
• Energy & Utilities
• Industrial & OEM

By Region:

• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• Latin America

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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The metallic stearate market is expected to reach US$ 630.19 million in 2023. The market is predicted to reach a value of US$ 1,066.29 million in 2033. Between 2023 and 2033, the market is expected to register a CAGR of 5.4%.  Many industries use metallic stearate, including plastics, pharmaceuticals, rubber, cosmetics, and the food industry. The growth and performance of these industries are often associated with the demand for these products. A change or innovation in these sectors could influence metallic stearate demand.

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Rubber has long used metallic stearate in the manufacture of rubber. Steel stearate are primarily used to prevent rubber from adhering to molds or to itself. Compounders have discovered that metal stearate have numerous physical and chemical properties that can be utilized. Leading players are also developing high-temperature-stable metallic stearate that will keep their color stability in thermoplastics despite their color or transparency. As a result of these developments, metallic stearate are expected to be used more frequently in metal processing and construction.

Regulations regarding chemical usage and safety standards can significantly influence the demand for metallic stearate. Manufacturers may have to reformulate their products if stricter regulations are placed on certain chemicals, which will affect the choices of additives. Technological advancements may enable metallic stearate to find new applications. Nanotechnology, for instance, could use metallic stearate to manufacture advanced materials. A growing number of industries are considering environmental factors. Metallic stearate may be considered less eco-friendly, which may lead to the search for more sustainable alternatives.

Key Takeaways

• Zinc stearate is expected to reach a market share of 32.8% during the forecast period.
• In 2033, polymers & plastics are expected to account for 32.1% of the market.
• The metallic stearate market in India is predicted to expand at 6.5% CAGR until 2033.
• Metallic stearate in the United Kingdom are expected to reach a CAGR of 3.9% during the forecast period.
• A 4.9% CAGR is expected in the United States market for metallic stearate.

“Increasing research and development activities and increased personal care product demand drive metallic stearate demand. A growing focus on sustainable development and investments in new technologies will drive industry growth in the near future,” – says an FMI analyst.

Competitive Landscape

Several companies compete for Metallic Stearate in highly competitive industries. In recent years, niche industries targeting specific demographics have become increasingly popular. A strong partnership and innovation have contributed to the industry’s success. Recent years have seen a rapid increase in demand for Metallic Stearate in India.

Industry Developments Include

• Baerlocher Group- Baerlocher produces metallic stearate around the world. Their product line includes calcium stearate, zinc stearate, and magnesium stearate, all of which are of high quality. Plastics, rubber, and construction industries all use these products.
• Dover Chemical Corporation- Located in the United States, Dover Chemical manufactures metallic stearate, among other specialty chemical additives. Metallic stearate from their company are commonly used to enhance the processing and performance properties of plastics and rubber. Technical expertise and custom solutions are the hallmarks of Dover Chemical.
• PMC Biogenix- PMC Biogenix specializes in producing metallic stearate and esters, as well as glycerides and glycerols. With a commitment to customer satisfaction and high-quality additives, the company is renowned for its high-quality products.

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Key Companies Profiled

• Dover Chemical Corporation
• Valtris Specialty Chemicals
• Peter Greven GmbH & Co. KG
• Baerlocher GmbH
• Faci S.p.A
• Norac Additives
• Sun Ace Kakoh (Pte.) Limited
• PMC Biogenix Inc.
• James M. Brown Ltd.
• Nimbasia Stabilizers LLP
• Marathwada Chemicals
• Seoul Fine Chemical Ind. Co. Ltd.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the metallic stearate market, the market is segmented based on Product Type (Zinc Stearate, Calcium Stearate, Magnesium Stearate, Aluminium Stearate, Others), Application (Polymers & Plastics Industry, Rubber Industry, Pharmaceuticals Industry, Personal Care & Cosmetics Industry, Construction Industry, Paints & Coatings Industry, Others), and Region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, 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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The global immersion cooling market is expected to reach a valuation of US$ 2,547.9 Million by 2032, with the demand growing at an astounding CAGR of 21.7% from 2022 to 2032. Scaling up from a value of US$ 297.8 Million in 2021, the target market is likely to reach an estimated US$ 357.3 Million in 2022. Escalation in levels of data output and data processing all over the world is projected to fuel the growth of the immersion cooling market. Strict carbon emission control regulations coupled with a demand for high density and computation requirements will bolster the growth of the target market during the forecast period.

The immersion cooling market is experiencing significant growth, driven by the surging demand from data center providers. Immersion cooling is an innovative cooling technique that involves submerging IT components, such as servers, in a non-conductive fluid to dissipate heat more efficiently than traditional air-based cooling methods.

Data center providers play a crucial role in managing and maintaining large-scale computing infrastructures that support the ever-increasing demand for data storage and processing. As data centers become more powerful and densely packed with servers, the need for effective cooling solutions becomes paramount. This is where immersion cooling comes into play.

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The demand for immersion cooling is driven by the high energy generation of IT infrastructures and the critical need to effectively manage component heat. Immersion cooling improves data center productivity and has gained a significant 6-8% share of the global liquid cooling market.

The rapid increase in international internet traffic, driven by the growing usage of social networks, streaming, and gaming, has led to a surge in the demand for cloud and hyperscale data centers. Advancements in technology, including artificial intelligence, the Internet of Things, cloud computing, and machine learning, have further fueled the proliferation of data centers worldwide. As a result, the immersion cooling market is experiencing rapid growth due to the need for precise and efficient cooling solutions for high-density storage components in these data centers.

Other factors like elevated demand for smart devices, analytics, cloud computing, and wireless networking technologies which boost the demand for IT infrastructure, also supplement the growth of the target market. Government initiatives and regulations seeking to reduce carbon emissions are also driving the demand for the immersion cooling market during the forecast period.

Key Takeaways:

• Rising blockchain technology will strengthen the market prospects.
• The immersion cooling market in Europe will expand at a CAGR of 22.4%.
• Germany’s immersion cooling market will grow at a CAGR of 23.4%.
• The immersion cooling market in North America will register a CAGR of 20.1%.
• A prominent contributor in Europe, the immersion cooling market in the U.K. will reach a value of US$ 222.7 Mn in 2032.
• The synthetic and mineral oil segment will create a growth opportunity of US$ 1,540.2 Mn.
• Fluorocarbon-based fluids are likely to expand at 22.8% of value CAGR during the forecast period.

Competitive Landscape 

3M, The DOW Chemical Company, FUCHS LUBRICANTS CO., Solvay’s, Shell, Chemours, DSI Ventures, Inc., MIVOLT, Engineered Fluids, Cargill Inc., GRC Cooling, and Zhejiang Juhua Co. Ltd. among others are some of the major players in the immersion cooling market profiled in the full version of the report.

Leading market players are focusing on product development so as to meet the rising demand for cost-effective and energy-efficient immersion cooling liquids. These firms are keen on releasing new products and employing strategies like partnerships and collaborations to strengthen their market presence.

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More Insights into Immersion Cooling Market Report

In its latest report, FMI offers an unbiased analysis of the global immersion cooling market, providing historical data from 2017 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of type (single phase immersion cooling, two-phase immersion cooling), cooling fluid (mineral oil, synthetic, fluorocarbon-based, others), application (high-performance computing, artificial intelligence, edge computing, cryptocurrency mining, others), and region.

According to the latest FMI reports, based on segmentation, the synthetic and mineral oil cooling fluid segments are likely to witness heightened demand due to their affordability, and long-term usability in immersion cooling techniques. These two subsegments will generate a growth opportunity of US$ 1,540.2 Mn. In terms of application, the cryptocurrency mining segment is expected to grow at a CAGR of 23.4% during the forecast period.

Based on region, the immersion cooling market in the United States, France, and the United Kingdom is anticipated to demonstrate impressive growth. The target market in the U.S. is likely to register a value CAGR of 20.3% owing to the presence of numerous data centers, and stricter government rules on carbon emissions. In 2022, the immersion cooling market in the U.K. will account for about 25.4% of the market share in Europe while France’s immersion cooling market will likely be valued at more than US$ 220.2 Mn by 2032.

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
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The global cyclohexylbenzene market is anticipated to reach a valuation of US$ 439.9 million in 2023, driven by increased adoption of personal care products. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 5.0% between 2023 and 2033, and reaching a total valuation of approximately US$ 716.5 million by 2033.

One of the primary factors driving the growth of the cyclohexylbenzene market is the technological advancements & process innovations. Continual technological advancements and process innovations are playing a crucial role in driving the growth of the cyclohexylbenzene market. The advancements lead to improved production efficiency, cost optimization, and enhanced product quality. Process innovations enable the development of novel derivatives and applications for cyclohexylbenzene, expanding its potential uses in various industries.

Increasing focus on sustainable chemicals is also anticipated to escalate the growth of the cyclohexylbenzene market. The global shift towards sustainable practices and the adoption of eco-friendly chemicals are expected to contribute to the growth of the cyclohexylbenzene market. Cyclohexylbenzene, being a versatile chemical compound, offers opportunities for the development of greener alternatives and sustainable manufacturing processes. The increasing emphasis on reducing environmental impact and achieving carbon neutrality is likely to drive the demand for cyclohexylbenzene in sustainable chemistry applications.

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The expanding industrialization and economic growth in emerging markets, particularly in Asia-Pacific and Latin America, present significant growth opportunities for the cyclohexylbenzene market. The regions are witnessing rapid urbanization, infrastructure development, and an increasing consumer base, leading to a surge in demand for various end-use industries such as automotive, construction, and consumer goods.

Key Takeaways from the Market Study

• The global cyclohexylbenzene market was valued at US$ 418.9 million by 2022-end.
• From 2018 to 2022, the market demand expanded at a CAGR of 2.3%.
• The United States is expected to hold a dominant CAGR of 4.9% during the forecast period.
• By Product Type, the high purity segment is expected to constitute a CAGR of 4.5% in 2033.
• On the basis of Application, the plastics segment is expected to dominate the market with a CAGR of 4.4% in 2033.
• From 2023 to 2033, cyclohexylbenzene market is expected to flourish at a CAGR of 5.0%.
• By 2033, the market value of cyclohexylbenzene is expected to reach US$ 716.5 million.

“Increased adoption of electronics, across the globe is a major factor that is expected to propel the growth of the cyclohexylbenzene market in the near future,” remarks an FMI analyst.

Competitive Landscape

Prominent players in the cyclohexylbenzene market are Schultz Canada Chemicals Ltd., Biosynth Carbosynth, Henan Tianfu Chemicals Co. Ltd., Changsha Easchem Co., Ltd., Hefei TNJ Chemical Co. Ltd., Jiangsu Zhongneng Chemical Technology Co., Ltd., SAGECHEM, Xingrui Industry Co. Ltd., and Syntechem Co. Ltd., among others.

Recent Developments

• In May 2022, a major accomplishment was achieved by SP Chemicals as they became the first local styrene facility to successfully deploy StyroSim, an advanced Industry 4.0 technology developed in collaboration with BASF SE. The cutting-edge digital tool, renowned for its intuitive and user-friendly interface, revolutionizes the efficiency of the styrene catalyst through the power of big data analysis.
• In August 2020, Tokyo Chemicals Industry, Co., Ltd. made an exciting announcement regarding the launch of a digital storefront. The storefront was meticulously constructed on the highly advanced SAP Commerce Cloud solution, incorporating the cutting-edge Digital Customer Experience (DCX) methodology. The development of this digital storefront was successfully executed in collaboration with Capgemini. The strategic initiative by Tokyo Chemical Industry is aimed at providing customers with a seamless online shopping experience while leveraging the powerful capabilities of the SAP Commerce Cloud and the expertise of Capgemini in delivering innovative digital solutions.

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More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global cyclohexylbenzene market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the cyclohexylbenzene market, the market is segmented on the basis of product type (standard and high purity), and application (plastics, paints & coatings, and adhesives), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and 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  

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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As per the latest market research conducted by FMI, the global biophotonics market is expected to record a CAGR of 11.3% from 2023 to 2033. In 2023, the market size is projected to reach a valuation of US$ 54,320.0 million. By 2033, the valuation is anticipated to reach US$ 1,58,457.0 million.

Increased product releases and approvals by regulatory agencies to key players in the market are likely to boost market expansion over the forecast period. For instance, a medical technology company called Kleresca announced the introduction of a new rosacea treatment in August 2018. It is founded on the distinct and patented biophotonic technology developed by Kleresca, which makes use of fluorescent light energy to activate the skin’s natural repair processes through photobiomodulation.

On the other hand, as the majority of pharmaceuticals are still covered by patents, only a few selected firms have the ability to benefit from medical solutions. This is one of the main factors that can have an impact on the market expansion of biophotonics. This is anticipated to limit market growth throughout the anticipated time frame.

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The high cost of biophotonics equipment and therapies is anticipated to impede market expansion. Instruments for biophotonics are highly expensive in comparison to substitutes. The expensive cost of biophotonics technology prevents many small and medium-sized organizations and end users from implementing it. Besides that, this might limit the application of biophotonic technology. Hence, the industry’s growth is likely to be constrained by the high cost of biophotonic.

Developments in the Market:

On November 24, 2020, Optics BioPhotonics Group, a company specializing in providing technological solutions in biophotonics, and Jenoptik Light, a company that develops optical technologies and operates globally, announced a partnership to provide a next-generation automated microscope for inline cellular analysis as well as microscopy, illumination systems, and high-performance imaging systems.

Key Takeaways:

• The biophotonics market recorded a CAGR of 3.4% from 2018 to 2022.
• China is expected to record a CAGR of 12.4% over the forecast period.
• The biophotonics market is anticipated to reach a valuation of US$ 54,320.0 million in 2023.
• Japan is expected to record a CAGR of 22.8% over the forecast period.
• The biophotonics market is expected to surpass US$ 1,58,457.0 million by 2033.
• The increasing prevalence of chronic diseases such as cancer, cardiovascular diseases, and diabetes is driving the growth of the market.
• The biophotonics market is predicted to record a CAGR of 11.3% through 2033.
• India is expected to record a CAGR of 13.4% over the forecast period.

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Competitive Background:

The key players operating in the biophotonics market are investing in mergers and acquisitions in order to gain a significant market share. The manufacturers are also investing in research and development, and are introducing innovative methods to boost production capacity. Product development and market expansion are significant aspects of the biophotonics market. As a result, market participants are likely to have a better overall revenue share in the global biophotonics market.

Significant Market Players:

• Becton Dickinson & Co
• Affymetrix Inc
• Olympus America
• Andor Technology
• Hamamatsu Technologies
• Carl Zeiss

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
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The polysulfide market is predicted to be valued at US$ 1200 million in 2023 and US$ 1700 million by 2033. Over the projection period, sales in the polysulfide market are expected to increase at a CAGR of 3.5%.

An emerging trend is the increasing use of polysulfides in the production of fuel-efficient tires. Polysulfides are used as a coupling agent in the production of silica-reinforced tire treads which reduces rolling resistance and improves fuel efficiency.

A significant opportunity is the use of polysulfides in the production of biodegradable plastics. Polysulfides can be used as a cross-linking agent in the production of biodegradable plastics, which can replace traditional petroleum-based plastics and reduce environmental impact.

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There is a growing demand for polysulfide-based sealants and adhesives in the construction industry due to their ability to withstand harsh environmental conditions. Polysulfides are used in the aerospace industry to seal fuel tanks and hydraulic systems due to their resistance to fuels and chemicals.

Overall, the polysulfide market presents numerous trends and opportunities that can be capitalized on by manufacturers and businesses looking to expand their offerings in various industries.

Key Takeaways from the Polysulfide Market:

• As per FMI analysis, the United expected to grow at a CAGR of 3.3% during the forecast period.
• Germany emerged as a significant player in the Polysulfide industry, with a CAGR of 3.3% during the forecast period.
• The Thiokol segment is expected to dominate the Polysulfide industry with a market share of around 60% by the end of 2023.
• The automotive & transportation application segment is expected to dominate the Polysulfide market, capturing a market share of nearly 25% by the end of 2023.

“Increasing demand from the construction industry and rising preference for eco-friendly products are driving the polysulfide market”, remarks an analyst at FMI.

How Key Players are revolutionizing the Manufacturing of Polysulfide market?

Leading players in the polysulfide market are revolutionizing the manufacturing process by adopting advanced technologies and sustainable practices. They are focusing on improving the efficiency of the production process, reducing energy consumption, and minimizing waste generation. Companies are also investing heavily in research and development to develop innovative products that offer superior performance and environmental benefits. They are collaborating with universities and research institutions to enhance their product portfolio and stay ahead of the competition. Significant players are also expanding their global presence by establishing strategic partnerships and acquiring local companies in emerging markets. These initiatives are enabling them to cater to the growing demand for polysulfide products across various end-use industries, including construction, aerospace, and automotive.

Key Players in the Market:

• Nouryon
• Toray Fine Chemicals.
• JSC Kazan Synthetic Rubber Plant
• Flamemaster Corporation
• Akzo Nobel N.V.
• Ineos Group
• Chevron Phillips Chemicals
• Arkema
• Robinson Brothers

Recent Developments in the Polysulfide Industry:

• In October 2020, Nouryon announced that it had acquired the carboxymethyl cellulose (CMC) business of J.M. Huber Corporation.

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Market Segmentation

By Product Type:

• Thiokols
• Solid Polysulfide Elastomers

End Use:

• Automotive & Transportation
• Industrial Processing & Application
• Building & Construction
• Protective Coatings
• Specialty Chemicals
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East and 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.

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