Market Research Blog – Page 3323 – New Product Development

Sodium Lactate Market Projections Show Growth to US$ 390 Million by 2033 Driven by Surging Demand for Clean Label Foods

Over the projection period, sales in the sodium lactate market are expected to increase at a CAGR of 8.9%. The industry is predicted to be valued at US$ 165 million in 2023 and US$ 390 million by 2033. As consumers increasingly seek clean-label products, there is a growing opportunity for sodium lactate as a natural and safe food preservative and flavor enhancer.

Its ability to improve shelf life, enhance texture, and reduce microbial growth without compromising product quality makes it an attractive alternative to synthetic additives. Sodium lactate exhibits antimicrobial and moisturizing properties, making it suitable for various medical applications. It can be used in wound care products, intravenous solutions, and dermatological formulations. Exploring these untapped medical opportunities can open new avenues for sodium lactate market growth.

With the rising consumer preference for natural and sustainable personal care products, sodium lactate finds applications in skincare, haircare, and bath products. Its humectant properties and ability to improve product stability and texture align with the trends toward clean, natural, and eco-friendly formulations.

The pharmaceutical sector presents the untapped potential for sodium lactate. It can be used as a buffering agent, excipient, or active ingredient in various pharmaceutical formulations. The market can witness growth by targeting pharmaceutical companies seeking safe and versatile ingredients for drug delivery systems.

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While sodium lactate has a global presence, exploring regional markets can uncover new growth opportunities. Emerging economies with evolving food and beverage, pharmaceutical, and personal care industries offer untapped markets for sodium lactate products. Understanding the specific needs and regulations of these regions can guide businesses to tailor their strategies accordingly.

Key Takeaways from the Sodium Lactate Market Report

According to FMI, the United States holds a dominant market share of over 91% in the North American region.
In 2023, the Indian market for sodium lactate is projected to capture more than 59% of sales in South Asia.
The Chinese market for sodium lactate is predicted to account for over 60.1% of the East Asian market by 2023.
FMI reports an estimated 7.9% CAGR for the liquid form segment over the forecast period, indicating increased demand.
FMI anticipates a significant growth rate of 9.5% CAGR in the food and nutritional supplements segment during the forecast period.

“The sodium lactate market is set to experience substantial growth due to its wide-ranging applications in industries such as food and beverage, pharmaceuticals, and personal care. Increasing consumer demand for natural and healthier products further boost the market’s prospects”, remarks an analyst at FMI.

How Key Players are Revolutionizing the Manufacturing of Sodium Lactate?

Key players in the sodium lactate market are spearheading a revolution in its manufacturing processes. By leveraging advanced technologies and innovative production methods, these industry leaders are optimizing the quality, efficiency, and sustainability of sodium lactate production. They are investing in research and development to enhance production techniques, ensuring consistent product quality while reducing costs and environmental impact.

Key players are collaborating with stakeholders across the supply chain to streamline operations and improve distribution networks. Through their revolutionary approaches, these players are reshaping the sodium lactate market and driving its growth to meet the evolving demands of various industries.

Key Players in the Market:

Jungbunzlauer Suisse AG
Galactic
Finetech Industry Limited
Biosynth Carbosynth
Finoric LLC
abcr GmbH
Glentham Life Sciences Ltd.
TNJ Chemical Industry Co., Ltd.
Foodchem International Corporation
Luoyang Longmen Pharmaceutical Co., Ltd.
BBCA Biochemical Co., Ltd.
Prathista Industries Limited
Henan Jindan Lactic Acid Technology Co., Ltd
Corbion N.V.
Merck KGaA
Lobachemie pvt. ltd
Fisher Chemical
Dr. Paul Lohmann Gmbh KG
Advance Inorganics

Product Portfolio:

Jungbunzlauer Suisse AG offers a diverse product portfolio, including citric acid, xanthan gum, gluconic acid, and derivatives. Their sustainable and high-quality ingredients find applications in the food, pharmaceutical, and personal care industries, providing innovative solutions for various formulation needs.
Galactic provides a comprehensive product portfolio, including natural lactic acid, lactates, and derivatives. Their bio-based solutions cater to industries such as food, beverages, cosmetics, and pharmaceuticals, offering functional and sustainable ingredients that enhance product performance and meet evolving consumer demands.

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More Insights Available

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

To understand opportunities in the sodium lactate market, the report is segmented on the basis of product form (powder and liquid), application (beverages, food & nutritional supplements, clinical nutrition, dialyzes solutions, personal care & cosmetics, and cleaners & detergents), end-user (food & beverages industry, cosmetic industry, pharmaceuticals manufacturers, medical devices manufacturers, and others), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa).

Market Segmentation

By Product Form:

Powder
Liquid

By Application:

Beverages
Food & Nutritional Supplements
Clinical Nutrition
Dialyses Solutions
Personal Care & Cosmetics
Cleaners & Detergents

By End-User:

Food & Beverages Industry
Cosmetic Industry
Pharmaceuticals Manufacturers
Medical Devices Manufacturers
Others

By 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 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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Healthy Low-Fat Desserts Market: A US$ 3.8 Billion by 2033 Industry Beckoning Investors with Growing Demand

During the projected period, Healthy Low-Fat Desserts Market is expected to grow at a CAGR of 6.1%. The market value is projected to increase from US$ 2.1 Billion in 2023 to US$ 3.8 Billion by 2033.

According to Future Market Insights, the healthy low-fat desserts market is expected to develop at a 6.1% CAGR between 2023 and 2033. Healthy low-fat desserts are in high demand among both children and adults, making them a popular product. As a result, many food manufacturing firms make them to suit demand, hence contributing to the growth of the healthy low-fat desserts market.

Some of the primary causes boosting demand for healthy low-fat desserts are changing customer preferences, an increased emphasis on wellness, and competitive pricing points in hypermarkets. Flavour combinations and texture variations are also major variables driving demand in the next years.

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Demand for desserts is more during dine out, people are simultaneously asking for healthy desserts which would satisfy their taste as well. Furthermore, they are also favoured by the younger generation and thus, it is helping in the rising demand for healthy low-fat desserts.

One of the major drivers for the healthy low-fat desserts market is the increasing prevalence of diseases such as obesity and other heart-related problems. Therefore, the demand for low-fat desserts is rising from the consumers facing heart-related problems and other disease.

Key Factors which will Drive Sales of Healthy Low-Fat Desserts

Changing eating habits of the people, increasing disposable income of the people and rapid urbanisation in developing countries have changed the lifestyle of peoples and also alter their food preferences. As all age groups people demanding sustainable and clean label food products rich in functional and nutritional benefits, and contain a low level of fat and carbohydrate. This allowed healthy low-fat desserts to gain popularity among the people and increase its sale.

Manufacturers are also focusing on packaging and labelling of products and using appealing packaging strategies to attract consumers and helping them to understand whether the product is right for them. Innovative and creative packaging will also help in driving its sale.

Customers nowadays are checking about the nutritional and fat content of healthy low-fat dessert without compromising on taste and texture. Manufacturers are introducing low-fat desserts by altering the fat content of desserts with fat substitutes or fat replacers. Furthermore, the manufacturers are adding different flavours to the healthy low-fat desserts according to the preference of the consumers. Therefore, these factors will boost its sale in the coming years.

The U.S and Canada Healthy Low-Fat Desserts Market Outlook

The rising demand for low-fat and sugar-free desserts from the food and beverage industry and also the advancement in the bakery and confectionary industry have helped in driving the healthy low-fat desserts market in U.S and Canada.

The demand for healthy low-fat dessert is high among the consumers of the U.S and Canada because of advancement in gym culture and rising demand for healthier foods in the region.

The gluten-free and low carb movements in the U.S have led the manufacturers to introduce a variety of food products low in fat and carbohydrate content. Therefore, these factors are helping in driving the healthy low-fat desserts market in the U.S and Canada.

Europe Demand Outlook of Healthy Low-Fat Desserts

In Europe, the food and beverage industries are the major producers and exporters of desserts. Due to the increase in sugar-free industry and the food and beverage industry, the European healthy low-fat desserts market is expected to expand significantly.

The demand for low-fat dessert is expected to rise rapidly in Europe due to the increasing number of health-conscious people, and also intake of low-fat food products. Thus, it will boost the growth of the healthy low-fat desserts market during the forecast period.

Who are the Key Manufacturers of Healthy Low-Fat Desserts

Some of the key market players involved in the healthy low-fat desserts market are

Del Monte Food Incorporation
Perkins & Marie Callenders LLC
Dole Food Company Incorporation
Lawler Foods Limited
Grupo Bimbo
Bake-N-Serv Incorporation
Welch Foods Incorporation
Pepperidge Farm Incorporation
Sara Lee Corporation
Others

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

Healthy Low-Fat Desserts Segmentation

On Product Type:

Frozen Desserts
Bakery Desserts
Dairy-Based Desserts

On End-Use:

Household
Bakery

On Packaging:

Bottles
Jars
Pouches

On Distribution channel:

Supermarket/Hypermarket
Convenience stores
Specialty Stores
Online Stores
Others

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Healthy Low-Fat Desserts Report Highlights:

Detailed overview of the parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

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Website: https://www.futuremarketinsights.com
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Riding the Waves of Industry Expansion: Defoamers Market Set to Surge, Forecasting a Whopping US$ 2,077.3 Million Value Pool by 2033

According to the research conducted by FMI, the global defoamers market garnered revenue of around US$ 1,342.9 million in 2022. The global market size is expected to augment at a healthy CAGR of 4.1% over the forecast period from 2023 to 2033. The global market is anticipated to be valued at US$ 1,396.5 million in 2023 and reach a market valuation of US$ 2,077.3 million by the end of 2033.

The growth of the market is attributed to the expansion of various industries contributing to the market revenue for the past several years. These industries include agrochemicals, pharmaceuticals, chemical industry, textile, and leather tanning among others. The growth of the key end-use industries is expected to benefit the global market. Furthermore, the market witnessed a comparatively lower demand from the key end-use industries which had an impact on the overall market. Considerable growth is witnessed in the chemical industry combined with textile and paints and coatings is expected to boost the demand over the projected period.

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There are changes taking place in the market over the forecast period owing to the shifting global economic and industrial factors. These factors comprise water treatment, chemical industry growth, specialty chemical demand, and others. As per the half-yearly analysis of industry growth, geographical tensions, changing regulatory scenarios, global recession, trade restrictions, and others resulted in the loss of 20 BPS points in the first half of 2022 as compared to the earlier projections. Furthermore, the pulp and paper industry is considered a primary consuming end-use industry for the compound. During the flu season, industries of defoamers were gravely impacted. The impact was seen in various industries including construction materials, paints, coatings, textiles, and chemical formulation.

The global defoamers market is anticipated to bolster over the projection period attributing to the increase in demand from industries including pulp and paper, water and wastewater treatment, and paints and coatings. In addition to that, silicone defoamers are likely to register significant growth across the assessment period. The rising focus on quality in the process industries is propelling demand. On the basis of geography, East Asia is estimated to dominate the market owing to the presence of numerous end users.

Key Takeaways in Defoamers Market

Owing to the rising demand for clean water to efficiently meet the needs of the growing global population, defoamers are playing a significant role. They are witnessing a significant rise due to their cost-effectiveness, and they are also used to treat large reservoirs of water to make it safe for reuse.
The surging number of industries and other consequent issues of treating industrial wastewater discharge into natural water resources combined with stringent policies by governments are key factors influencing the market growth. This awareness has led to higher sales of defoamers due to their anti-microbial nature.
Ever-changing trends in the beauty and personal care industry, have led to an increase in demand for defoamers. Moreover, associated chemical processing requirements have also led to a surge in demand for defoamers attributed to their wide range of applications in toiletries, cosmetics, and hair care products.
Prominent manufacturers are working on expanding their global presence by setting up new sales offices and technical service labs all over the world. Europe is considered the second largest regional market supported by the presence of manufacturers and ease of availability in terms of raw materials. Accounting for the past five years, numerous developments in the market have taken place, and key players in the market are planning to introduce new products for the end user applications to cater to the requirements of the industries.

Competitive Landscape in the Defoamers Market

Surging investments in research for the development of novel offerings are expected to play a crucial role in market growth. Key players in the market are widely investing in the diversification of their portfolio to meet industry-specific needs while decreasing process costs and environmental impact with minimal toxicity.

Prominent market players are focusing on propelling their production capacities to meet global demand while consuming less energy and minimizing carbon emissions without compromising product quality.

Defoamers Market Players

BASF SE
Dow Chemical Company
Evonik Industries
Kemira Oyj
Buckman
Air Products and Chemicals Inc
Accepta
Ecolab Inc. (Nalco)
Ashland Inc
Synalloy Chemicals
Blackburn Chemicals Limited

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More Insights into the Defoamers Market

A significant rise can be witnessed in research and development along with the rapid expansion of production facilities combined with new investments in the Asia Pacific region are likely to be of benefit. The lower costs and easy availability of raw materials are yet other factors bolstering the Asia Pacific market. Applications in the food and beverage, paints and coatings, pulp and paper, and chemical sectors will create significant opportunities for emerging manufacturers.

Key Segments

By Product Type:

Powder
Silicone
Oil
Emulsion
Polymer

By Medium of Dispersion:

Aqueous
Solvent

By Application:

Chemical Formulation
Textiles
Construction Materials (cement, mortar, grouts, etc.)
Paints and Coatings
Pulp and Paper
Food Processing
Pharmaceuticals
Household and Personal Care
Water and Wastewater treatment

By Region:

North America
Latin America
East Asia
South Asia and the Pacific
Europe
Middle East and Africa

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Food Grade Sodium Hypochlorite Market: A Booming Sector Captivating Investors with US$ 9.4 Billion Growth Potential by 2033

The Food Grade Sodium Hypochlorite Market is Expected to Increase from US$ 5.1 Billion in 2023 to US$ 9.4 Billion by 2033 and is likely to record a CAGR of 6.3% during the forecast period.

Sodium hypochlorite is utilised for nontoxic food preparation and manufacture. Food-grade sodium hypochlorite solutions sterilise all forms of food organising machinery, food preparation surfaces, appliances, and vessels used in the preparation, production, and transportation of food. It is used to eliminate pathogens linked with raw foods.

Inorganic salt of hypochlorite is known as sodium hypochlorite. It is man-made commercially in the presence of active electrodes by charging chlorine gas into dilute sodium hydroxide (NaOH) solution and the process is called Hooker process.

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It is a highly corrosive, clear and unstable liquid with a pungent odor. The sodium hypochlorite market is estimated to increase suggestively due to swift growth in end-user productions such as water treatment, and agriculture. Asia Pacific food grade sodium hypochlorite market is anticipated to grow significantly, as the industries in the Asia Pacific region are amongst the major contributors to the GDP of the region. Food grade sodium hypochlorite market demand is projected to add fuel to the global demand for domestic use as well as for municipal water treatment use.

Growing Application of Food Grade Sodium Hypochlorite to Bolster the Market’s Growth Trajectory

Sodium hypochlorite is also used as a sterilizer in cleaner formulations, especially in equipment for food processing and restaurants. Sodium hypochlorite is basically used as a chlorinating agent and biocide biocide in municipal water treatment plants.

The food grade sodium hypochlorite market is driven by its demand in water treatment applications and surface cleaner formulations. However, ambiguity and hazardous nature of food grade sodium hypochlorite due to its solid reacting properties might impede the market growth.

Global Food Grade Sodium Hypochlorite: Key Players

Some of the market players include

AGC group
Sunbelt Chemical Corporations
Orica Watercare and Shanghai Polymet Commodities Ltd.
Odyssey Manufacturing Co.
Solvay Chemicals, Inc.
Akzo Nobel N.V.
BASF SE
Olin Corporation
Arkema Inc.
Among many others.

Opportunities for Global Food Grade Sodium Hypochlorite Market Participants:

In terms of geography, North America is a major consumer for food grade sodium hypochlorite especially in the waste water treatment applications. Asia Pacific is the leading customer of food grade sodium hypochlorite riding on high sales of household bleaching products to its large population.

Key industrial economies including India, Japan, South Korea and China are the key consumers of food grade sodium hypochlorite for application in waste water treatment, and as a sterilizer in equipment of food processing. The most populated countries, India and China are growing rapidly and witnessing increasing disposable income and purchase power parity of the general population.

This is expected to fuel market growth of household products including use in water treatment, which in turn is expected to fuel demand for food grade sodium hypochlorite in the region. In Rest of the World, South Africa, Brazil and Argentina contribute to major demand for the market. Europe is expected to witness comparatively slower growth than other regions due to its stringent regulations.

The food grade sodium hypochlorite market report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.

By doing so, the research report serves as a repository of analysis and information for every facet of the food grade sodium hypochlorite market, including but not limited to: regional markets, end use, nature, and function.

Regional Analysis Includes:

North America (U.S., Canada)
Latin America (Mexico, Brazil, Rest of Latin America)
Europe (Germany, U.K., France, Italy, Spain, BENELUX, Poland, Russia, Nordic, Rest of Europe)
East Asia (China, Japan, South Korea)
South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
Oceania (Australia, New Zealand)
Middle East & Africa (GCC Countries, South Africa, Rest of MEA)

The food grade sodium hypochlorite market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analysing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the food grade sodium hypochlorite market report projects the attractiveness of each major segment over the forecast period.

Highlights of the Food Grade Sodium Hypochlorite Market Report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the food grade sodium hypochlorite market
Recommendations to companies for strengthening their foothold in the food grade sodium hypochlorite market

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Global Food Grade Sodium Hypochlorite: Market Segmentation

On the basis of nature :

Powder food grade sodium hypochlorite
Liquid food grade sodium hypochlorite

On the basis of function :

Oxidizing
Bleaching
Odor removal
Water disinfection

On the basis of end-use :

Water treatment
Agriculture
Others

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Sugar-Free Sweets Market Booms to US$ 3.9 Billion by 2033 with CAGR of 4.9% | Future Market Insights

The sugar-free sweets market is estimated to secure a valuation of US$ 2.4 Billion in 2023 and is estimated to rise to US$ 3.9 Billion by 2033. The market is anticipated at a CAGR of 4.9% during the forecast period. The factors accelerating the demand for sugar-free sweets are as follows-

FMI, in its latest Sugar-Free Sweets market report, offers the bird’s eye view on the historical and upcoming growth in terms of production, consumption, volume, and value. The report is classified on the basis of key segments, sub-segments, according to the major regions and offers an in-depth analysis on competitive landscape.

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The report offers a comprehensive, discussing in details upcoming trends, opportunities and challenges that will aid the expansion of the Sugar-Free Sweets market.

Important Questions Answered in the Sugar-Free Sweets Market Report

Which end user is expected to create lucrative growth opportunities for the global Sugar-Free Sweets market?
How is the Sugar-Free Sweets market likely to evolve in the upcoming years?
What are the upcoming trends and opportunities likely to prevail the Sugar-Free Sweets market in the future?
What innovative strategies are adopted by Sugar-Free Sweets market players to stay ahead of the pack?
Which region is expected to be the most lucrative region for the Sugar-Free Sweets market?
What are the restraints affecting the growth of the global Sugar-Free Sweets market?

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Sugar-Free Sweets Market: Segmentation

Detailed analysis covered in the FMI’s Sugar-Free Sweets market report has been classified into key segments and sub-segments.

Nature:

Organic
Conventional

Source:

Animal based
Plant based

Product type:

Jellies and Gums
Hard-boiled Sweets
Toffees and Caramels
Medicated Confectionary
Mints
Others (Marshmallows, Nougat, Lollipops, and Liquorice)

Packaging :

Bottles & Jars
Stand-Up Pouches
Others

Distribution channel :

Direct Sales
Modern Trade
Convenience Stores
Departmental Store
Specialty Store
Drug Store/Pharmacies
Online Retailers
Other Sales Channels

Sugar-Free Sweets Market: Competitive Analysis

The latest study by FMI presents a detailed view on the market players operating in the Sugar-Free Sweets market. With an in-depth analysis on positioning of prominent players as well the players emerging in the industry, the FMI offers a detailed SWOT analysis for the market players over the forecast period.

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Key players profiled by FMI in Sugar-Free Sweets market includes:

Nestl SA
Chupa Chups SA.
Cadbury PLC.
Kraft Foods Inc.
Ferrero SpA.
The Hershey Company
Perfetti Van Melle S.P.A.
Adams and Brooks Candy
Jelly Belly Candy
AS Kalev
Mapro Industries Ltd.
Barambo Ltd.
Roshen Kondyterska Korporatsia

Significant Contributions to the Report

Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
Segmental Analysis: Extensive research on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions

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Global Cellulose Derivative Market Surges Past US$ 10.3 Billion Valuation in 2033: Industries Flock to Harness Diverse Applications, Propelling Growth

The global cellulose derivative industry size is estimated to secure a valuation of US$ 6.1 billion in 2023 and reach US$ 10.3 billion by 2033. The market secured a CAGR of 5.4% during the forecast period.

Which Factors are Driving the Global Market?

Several factors are influencing the global market to contribute to growth and development.

Increasing Demand in Food & Beverages: The demand for cellulose derivatives is rising in the food & beverages sector as emulsifiers, thickeners, and stabilizers. The rising demand for convenience and processed foods to improve stability and texture in food products is fueling the global market.
Expanding Pharmaceuticals and Personal Care Industries: The pharmaceuticals and personal care sectors are increasingly adopting cellulose derivatives for drug formulations, film formers, and controlled-release agents.
Sustainable and Renewable Nature: The growing popularity of plant-based cellulose derivatives drives the global market for renewable sources. This sustainability raises concerns about an environment that offers a biodegradable and renewable alternative.
Rising Demand for Functional and Specialty Papers: The increasing demand for packaging materials, filtration papers, and coated paper increases the adoption of cellulose derivation. Increasing demand for specialty papers in various end-use industries such as food & beverages, healthcare, and electronics.
Technological Advancements and Product Innovation: The increasing investment in research and development activities driving the global market. Growing advanced technologies in the cellulose derivative, such as nanotechnology and chemical modifications, expand the global market.
Growing Construction Industry: The rising demand for construction materials such as gypsum, cement, and mortar products. These products enhance workability, water retention, and adhesion, driving the global market.
Growing Cosmetic and Personal Care Sector: Increasing demand for shampoos, creams, lotions, and other cosmetics fuels the global market revenue. These products improve sensory properties, thickening, and emulsion stabilization.
Regulatory Factors: The rising regulatory frameworks and standards regarding environment and product safety drive the market size. The increasing compliance with regulations with FDA approvals ensures the acceptance of cellular derivation products in several industries.

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Key Takeaways:

The cellulose derivation market is estimated to capture a valuation of US$ 10.3 billion with a CAGR of 5.4% by 2033.
In the historical period, the market secured a CAGR of 4% between 2018 and 2022.
The United States is estimated to register a share of 21.4% in the global market by 2033.
With a share of 7.4%, Germany is securing a share of the global market during the forecast period.
Japan is estimated to capture a share of 5.3% of the global market by 2033.
With a share of 2.1%, Australia is anticipated to drive the market size during the forecast period.

How Key Players Take Efforts to Drive the Global Market?

The market is highly competitive by several prominent players globally. These players are developing innovative products by adopting advanced technologies in the global market. Key players heavily invest in research and development activities to fuel the market size. They are adopting various marketing tactics such as mergers, collaborations, and partnerships to uplift the global market.

Recent Developments in the Global Market

In 2021, Nouryon announced its new manufacturing facility to innovate sustainable additives. The company increases the production of paint and coatings with eco-friendly additives to increase the business portfolio.

Some Leading Cellulose Derivative Manufacturers Include:

Shin-Etsu Chemical Co. Ltd
LOTTE Fine Chemical
Samsung Fine Chemicals
Daicel Corporation.
Akzo Nobel N.V.
Ashland Inc.
SE Tylose GmbH & Co. KG
CP Kelco
Shandong Head Europe B.V.
Sichuan Nitrocell Co Ltd

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Cellulose Derivative Market by Category

By Derivative Type:

Methyl
Carboxymethyl
Hydroxyethyl
Ethyl
Other Types

By Derivative Grades:

Food Grade
Pharmaceutical Grade
Industrial Grade

By End Use:

Food Industry
Pharmaceutical Industry
Personal Care
Construction
Paint Industry
Others

By Region:

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

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Braze Alloys Market Projected to Surge Past US$ 4,285.1 Million by 2033, Finds FMI Analysis Amidst Accelerated Global Adoption and Sustainability Drive

The market survey by FMI found the global sales of braze alloys, in terms of value, reached a net worth of around US$ 2,678.9 million in 2022. Furthermore, this report predicts the whole market could experience strong growth this year and reach an estimated value of about US$ 2,759.3 million.

During the projection period of FMI from 2023 to 2033, this forecast shows a promising yearly growth rate of 4.5% for this market. Additionally, the FMI research points the global market to a great worth of US$ 4,285.1 million by 2033.

This development trajectory is driven by the rising demand for braze alloys across numerous sectors, including construction, electronics, automotive, and aerospace. Such alloys are essential for attaching different materials and components for their outstanding strength, corrosion resistance, and great thermal conductivity.

Besides the expanding automotive and electronics industries, the demand for braze alloys is driven by the emerging nations’ fast industrialization and infrastructure expansion. Also, the growing emphasis on energy-efficient technologies, improvements in production techniques, and an increase in the use of lightweight materials have increased their usability.

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Key Takeaways from the Braze Alloys Market Study Report

Due to their key industries and technical breakthroughs, North America and Europe presently hold a monopoly on the global market for braze alloys. The United States alone contributed to nearly 17.1% of the global braze alloy sales globally in 2022.
In Europe, Germany was figured out to be the leading supplier of braze alloys, and it held a global market share of 12.7% in the year 2022.
With an anticipated CAGR of 2% from 2023 to 2033, the United Kingdom market for braze alloys is set for promising growth through 2033.
In terms of geography, the market presently has strong growth potential in Asia Pacific and the Middle East. China and India, for instance, are anticipated to register 3.6% and 3.9% CAGRs, respectively, in consumption of braze alloys over the forecast years.

Competitive Landscape for the Braze Alloys Market Players

The top Key Players are

Johnson Matthey Plc.
Morgan Advanced Materials plc.
Lucas-Milhaupt Inc.
Oerlikon Metco
Umicore N.V.
Bellman-Melcor LLC
Harimatec Czech
S.R.O
VBC Group

These leading businesses are concentrating on product innovation, strategic partnerships, and mergers and acquisitions to preserve a competitive edge in this changing market environment.

The market prediction shows significant long-term development potential, pointing to profitable prospects for industry participants and stakeholders recently entering this sector. Moreover, the booming electronics and automobile industries in the Asia Pacific countries are anticipated to create better opportunities for the market players. Additionally, the start-ups merging in this region are making huge investments in research and development projects for creating improved braze alloys and compete in the global market.

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Recent Developments by the Braze Alloys Manufacturing Industries

In August 2021, a new multipurpose solder paste was introduced, by Indium Corporation, by the name of Indium12. The company claims electronics, medical equipment, and aircraft are just a few of the targeted sectors for which this paste has been developed.
In April 2022, Special Metals Co. introduced a brand-new series of brazing alloys, particularly for the aircraft sector. These alloys are intended to be highly corrosion-resistant with improved temperature resistance for aeronautical applications.

Key Segments Profiled in the Braze Alloys Market Survey

By Product Type:

Copper
Gold
Silver
Aluminium
Others

By Application:

Automotive
Electronics
Aerospace
Others

By Region:

North America
Latin America
Asia Pacific
Middle East and Africa
Europe

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FMI Analysis Projects Robust Growth Trajectory: Monochlorobenzene Market Set to Surge at 3.5% CAGR, Reaching US$ 2,701.5 Million by 2033

The monochlorobenzene market is forecast to experience a growth of 3.5% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 1,915.1 million in 2023.

The monochlorobenzene is also in high demand in the textile industry, which produces pigments and dyes. Monochlorobenzene is deployed to make inks, paint removers, dyes, and pigments that later form the fiber of textile clothing. The accelerated growth of the textile industry worldwide is positively impacting the global market.

Trichlorobenzene, a type of monochlorobenzene, finds extensive application in the pharmaceutical industry to combine the intermediates of different medicines, such as vitamin supplements and antibiotics. Authority departments like the United Nations Industrial Development Organization (UNIDO) have taken it upon themselves to invigorate the domestic production of necessary generic drugs in underdeveloped and developing economies like Kenya, Nigeria, and Ethiopia.

Research and development procedures for novel drugs to cure prevailing diseases have escalated over the past few years. This is projected to create a noticeable impact on the market development.

The chemical further finds use in the production of high-performing polymers. In addition, the huge volume of monochlorobenzene is used as an agrochemical and a solvent for rubber production.

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As per India Brand Equity Foundation (IBEF), the Indian textile industry shared 7% of the overall industry outcome in 2019. The sector also attracted a capital investment of US$ 1.44 billion under the incentive scheme for technical textiles and manmade fiber in 2020. This development is projected to have a beneficial impact on the monochlorobenzene industry.

Top Highlights from the FMI’s Analysis of the Monochlorobenzene Market:

The United States monochlorobenzene industry is projected to acquire a market share of 19.3% in 2023.
The German monochlorobenzene industry constitutes a value share of 16.3% in the present market.
Japan is estimated to contribute a 2.6% share of the global market.
Australian monochlorobenzene industry is assessed to acquire a 0.8% market share in 2023.
The China monochlorobenzene industry is projected to register a CAGR of 2.8% over the forecast period.
The India monochlorobenzene industry is anticipated to expand at a CAGR of 3.3% over the estimated period.
The United Kingdom’s monochlorobenzene industry is expected to witness a sluggish growth rate of 1.7% over the forecast period.
Based on the type category, nitrochlorobenzene is projected to accumulate a market share of 44.3% in 2023.

How are Top-tier Players Projected to Maneuver the Present Market Circumstances?

The top competitors in the market are collaborating and partnering to scale on each other’s abilities. Further, manufacturers can be seen expanding their facilities outside their geographic boundaries to entice a larger consumer base. Firms are dedicated to receiving product approvals to smoothen the process of commercializing their chemicals in local and foreign countries.

Asian countries like India and China have an advantage in the form of cheap labor and low requirement for investment capital. Therefore, companies producing monochlorobenzene can be seen shifting or expanding their base in the said countries.

In February 2020, PPG Industries, Inc. obtained ICR, a producer of primers, paints and coatings, putties, clear coats, basecoats, and others. The key ingredient used in the formulation of these items is monochlorobenzene.

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Key Companies Profiled

Arkema SA
Henan Kaipu Chemical Co. Ltd.
Bayer AG
Kureha Corporation
PPG Industries Inc.
Jinhua Chemical (Group) Corporation
Nanjing Chemical Industry Co. Ltd
Solutia, Inc.
Tianjin Bohai Chemical Co. Ltd

Key Segments Profiled in the Monochlorobenzene Industry Survey

By Type:

p-Dichlorobenzene
o-Dichlorobenzene
m-Dichlorobenzene
Tetrachlorobenzenes
Nitrocholorobenzene
Trichlorobenzenes
Hexachlorobenzene
Others

By Region:

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

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Track Geometry Measurement System Market Set to Surge with 6.3% Projected CAGR by 2033, Reaching US$ 6.3 Billion

The Track Geometry Measurement System Market is forecast to garner revenue of US$ 6.3 Billion by 2033, up from US$ 3.4 Billion in 2023, advancing at a rate of 6.3% from 2023 to 2033.

The track geometry measurement system market is experiencing significant growth as the demand for precise rail maintenance and enhanced safety intensifies. Integrating advanced technologies such as laser scanning and data analytics, these systems offer data-driven insights for optimizing track conditions.

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With a focus on accuracy and efficiency, the market aims to improve maintenance planning, identify potential issues, and ensure compliance with safety standards.

As rail networks expand and modernize globally, the track geometry measurement system market is crucial in providing real-time monitoring and analysis. This trend reflects the industry’s commitment to continuously leveraging innovative solutions to improve rail infrastructure maintenance and safety.

Advancements in technology, such as laser scanning, LiDAR, and imaging systems, have transformed track geometry measurement systems. These innovations enable non-contact measurements with improved accuracy and efficiency, reducing the need for physical contact with the tracks and minimizing operational disruptions.

The integration of artificial intelligence and data analytics has revolutionized the market. These technologies enable real-time monitoring, predictive maintenance, and data-driven decision-making.

Machine learning algorithms analyze vast amounts of data to detect potential track defects, optimizing maintenance planning and ensuring proactive repairs.

Despite the positive market outlook, the track geometry measurement system industry faces challenges.

These include the high cost of advanced measurement equipment, the need for skilled technicians to operate and interpret the data, and the complexity of integrating track geometry data into existing maintenance and asset management systems.

Addressing these challenges requires collaboration between industry stakeholders and continuous technological advancements.

Several trends are shaping the track geometry measurement system market. Integration with geographic information systems (GIS) allows for better track data visualization and mapping.

The development of portable and handheld measurement devices provides flexibility and ease of use for on-site measurements.

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Key Takeaways From Track Geometry Measurement Systems Market:

By 2033, the United States will hold a value share of US$ 920.8 million in the track geometry measurement system industry.
The market size in China is expected to account for US$ 1.6 billion by 2033 on a global level.
Based on operation type, the no-contact sub-segment will likely secure a 6.2% CAGR during the forecast period.
Based on components, the hardware sub-segment is predicted to grow at 6.1% from 2023 to 2033.
The market for track geometry measurement systems in the United Kingdom will likely secure a 4.7% CAGR from 2023 to 2033.

Competitive Landscape of Track Geometry Measurement System Industry

The competition landscape in the industry is structured with several key players vying for market share and striving to differentiate themselves in a dynamic marketplace.

Leading companies in the TGMS industry have established a strong presence and hold a significant market share. These companies often have a comprehensive product portfolio, extensive industry experience, and a global footprint. They invest heavily in research and development to drive innovation and maintain their competitive edge.

The TGMS market also witnesses the emergence of start-up companies that bring disruptive technologies and novel solutions to the industry.

These agile and innovative start-ups leverage advanced technologies, such as artificial intelligence, machine learning, and the Internet of Things (IoT), to offer cutting-edge track geometry measurement systems.

Collaborations and partnerships between companies are common in the TGMS industry. Strategic alliances enable companies to leverage each other’s strengths, combine resources, and expand their market presence.

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Top 10 Key Players in the Track Geometry Measurement System Market:

Balfour Beatty
BENTLEY SYSTEMS Inc.
Deutzer Technische Kohle GmbH
Fugro
Goldschmidt Thermit GmbH
MERMEC Inc.
Plasser & Theurer
R.Bance & Co Ltd
Siemens
Vista Instrumentation LLC

Segmentation Analysis of Track Geometry Measurement System Market

By Railway Type:

High-speed Railways
Conventional Railway
Heavy Haul Railways
Light Railways

By Operation Type:

Contact
No-Contact

By Component:

Hardware
- Navigation Equipment
- Communication Equipment
- Camera
- Sensor
- Others
Software
Services

By Region:

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

Author

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

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

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

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

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Carbon Nanotubes Set to Drive Global Market Beyond US$ 2,428.1 Million by 2033, Fueling Advances in Healthcare and Industry

The carbon nanotubes industry size is anticipated to surpass US$ 970.9 million in 2023 and is predicted to attain a valuation of US$ 2,428.1 million by 2033. The carbon nanotubes market share is projected to thrive at a CAGR of 9.6% from 2023 to 2033.

The extraordinary qualities of carbon nanotubes include great strength, electrical conductivity, thermal conductivity, and flexibility. They are ideal for a variety of applications due to their characteristics in several different sectors, such as electronics, aviation, energy, and healthcare. Also, the demand for these materials rises as businesses continue to study and use the possibilities of carbon nanotubes.

There are several industries that use carbon nanotubes. They are employed in the manufacture of high-performance transistors, conductive films, and flexible displays in the electronics sector. They improve the strength and lighten the materials used to make airplane components in the aerospace industry.

Significant investments have been made in the carbon nanotubes sector by private equity companies, large enterprises, and venture capitalists. This increase in finances has given businesses the means to increase production, advance product development, and delve into novel uses.

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Partnerships among academic institutions, research organizations, and business entities have allowed information exchange, technology transfer, and the creation of innovative solutions, further fostering market expansion.

Key Takeaways from the Carbon Nanotubes Market

From 2018 to 2022, sales witnessed significant growth, registering a CAGR of 6.3%.
The global market size stood at US$ 894.0 million in 2022.
Polymers captured nearly 59.1% share of the market in 2022.
North America held a dominant share, accounting for 27.9% share in 2022.
China secured an 8.1% global market share in 2022.

Recent Developments Observed by FMI:

In January 2023, nanotechnology researchers at The University of Texas at Dallas developed distinctive carbon nanotube yarns that gather mechanical motion energy effectively than current material-based energy harvesters.
According to Cabot Corporation, a new ENERMAXTM 6 carbon nanotube (CNT) series was developed in March 2021. The ENERMAXTM 6 range of carbon nanotube products from the firm represents the recent development in high-performance CNTs. Due to its high aspect ratio; it has been shown to be the conductive multi-walled CNT product in Cabot’s lineup.
In May 2021, Arevo created a patent-pending technical innovation that enables the 3D printing of things reinforced with carbon nanotubes and carbon fiber. As part of a Series, B fundraising round, the business secured US$ 12.5 million to usher in the next phase of 3D printing and revolutionize the way that manufactured goods are envisioned, created, constructed, and maintained.

Key Players Profiled in the Global Market

Nanocyl S.A.
CNano Technology Ltd.
Showa Denko K.K.
Arkema S.A.
Bayer MaterialScience AG
Chasm Advanced Materials Inc.
Raymor Industries Inc.
Klean Industries Inc.
Toray Industries Inc.
Cheap Tubes

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Key Segments Covered in The Carbon Nanotubes Industry Analysis

By Product:

Multi-Walled Carbon Nanotubes (MWCNT)
Single-Walled Carbon Nanotubes (SWCNT)

By Application:

Carbon Nanotubes Application in Polymers
Carbon Nanotubes Application in Energy

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani