Market Research Blog – Page 3352 – New Product Development

High Performance Barrier Films Market is Expected to Reach at a US$ 25.6 Billion by 2033 | FMI

The global high performance barrier films market is anticipated to reach a valuation of US$ 12.5 billion in 2023, driven by growing demand for sustainable packaging. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 7.4% between 2023 and 2033, and reaching a total valuation of approximately US$ 25.6 billion by 2033.

One of the major factors contributing to the growth of the high performance barrier films market is the advancements in Barrier Film Technology. Ongoing research and development efforts have led to innovations in barrier film technology. Manufacturers are continually enhancing film properties, such as barrier performance, mechanical strength, and heat resistance. The advancements cater to the specific needs of diverse industries, including food and beverages, pharmaceuticals, electronics, and agriculture.

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The global population’s growing appetite for packaged food and beverages has fueled the demand for high performance barrier films. The films protect perishable goods from contaminants and maintain their freshness, thereby reducing food spoilage and waste. The rising demand for convenience foods, ready-to-eat meals, and on-the-go packaging further drives the growth of barrier films in the food and beverage sector.

Industries, especially food, pharmaceuticals, and cosmetics, are emphasizing the extension of shelf life for their products. High performance barrier films play a crucial role in preserving the quality and longevity of goods by preventing the penetration of moisture, oxygen, and other harmful elements, and this factor has become paramount, given the global supply chain and distribution challenges.

Key Takeaways from the Market Study

Global high performance barrier films market was valued at US$ 11.7 billion by 2022-end.

From 2018 to 2022, the market demand expanded at a CAGR of 3.2%.
Asia Pacific is expected to hold a dominant CAGR of 7.3% during the forecast period.

By material type, polyethylene terephthalate (PET) segment is expected to constitute a CAGR of 7.3% in 2033.
On the basis of end-user, food & beverage segment is expected to dominate the market with a CAGR of 7.3% in 2033.
From 2023 to 2033, high performance barrier films market is expected to flourish at a CAGR of 7.4%.
By 2033, the market value of high performance barrier films is expected to reach US$ 25.6 billion.

Growing healthcare and pharmaceutical industries, across the globe, is a major factor that is expected to propel the growth of the high performance barrier films market in the near future, remarks an FMI analyst.

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Competitive Landscape

Some of the recent developments are:

In October 2023, Amcor announced the acquisition of Print & Packaging Farma, which is a Spanish flexible packaging company that specializes in the production of high barrier films for the pharmaceutical industry. The acquisition will strengthen Amcor’s position in the pharmaceutical packaging market and allow the company to offer a wider range of products and services to its customers.
In September 2023, Toppan announced the opening of its new manufacturing facility in Most, Czech Republic. The new facility is expected to produce high barrier films for the food, beverage, and pharmaceutical industries.
In August 2023, Jindal Poly Films Limited announced the launch of its new line of high barrier films for the pharmaceutical industry. The new line of films offers excellent oxygen and moisture barrier properties, making them ideal for packaging pharmaceutical products that require a high level of protection.

More Valuable Insights Available

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

To understand opportunities in the high performance barrier films market, the market is segmented on the basis of material (polyethylene (PE), polypropylene (PP), polyethylene terephthalate (PET), polystyrene (PS), polyvinyl chloride (PVC), and polylactic acid), by type (bags & pouches, stand-up pouches, retort, non-retort, tray lidding films, forming webs, wrapping films, and blister pack base webs), and by end-use (food & beverage, pharmaceuticals, electronics, construction, agriculture & allied industries, and others), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)).

Key Segments Profiled In The Global High Performance Barrier Films Market

By Material:

Polyethylene (PE)
Polypropylene (PP)
Polyethylene Terephthalate (PET)
Polystyrene (PS)
Polyvinyl Chloride (PVC)
Polylactic Acid

By Type:

Bags & Pouches
Stand-up Pouches
Retort
Non-Retort
Tray Lidding Films
Forming Webs
Wrapping Films
Blister Pack Base Webs

By End User:

Food & Beverage
Pharmaceuticals
Electronics
Construction
Agriculture & Allied Industries
Others

Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
Middle East and Africa (MEA)

About Future Market Insights Inc. (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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Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Terrestrial Trunked Radio (TETRA) Market Flourishes 11.9% CAGR Propels Revenue to US$ 26.8 Billion by 2032

The terrestrial trunked radio (TETRA) market was estimated at US$ 4.4 Billion in 2016 and is anticipated to grow at a CAGR of 11.9% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 26.8 Billion.

The growing need for encrypted communication and security is one of the key factors driving the market growth. In addition, the widespread use of smartphone apps for community security is pushing up demand for TETRA-compliant equipment. The advanced features of TETRA-compliant equipment, such as inbuilt GPS and navigation, provide users with an exact target position. It also aids data storage and exchange with other customers via networking devices, enhancing communication.

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Since there is a greater need for effective critical communications in public security applications by integrating the characteristics of mobile cellular phones with rapid data transfer, terrestrial trunked radio technology offers significant benefits to mobile communication. Broadband technology advancements have created a significant requirement for TETRA devices to provide improved penetration and consistent outcomes. The railway industry is upgrading infrastructure with radio-based digital signalling and communications services as technology progresses.

TETRA hardware also provides a variety of benefits, including durability and man-down capability. The portable devices category is expected to grow at the fastest pace over the projection period due to features such as durability and size compatibility. The fast adoption of some devices by businesses such as utilities is fueling the regional market, which is supported by the rising requirement for public security and the expansion of IT infrastructure.

Competitive Landscape:

Thales Group
Airbus Defence and Space oy
JVCKENWOOD Corporation
- Motorola Solutions

Inc. are among the prominent market leaders in the global Terrestrial Trunked Radio (TETRA) industry. To obtain a competitive advantage in the sector, these market players are spending on product launches, collaborations, mergers and acquisitions, and expansions.

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The market is fiercely competitive, where key players are increasingly focused on obtaining a competitive advantage. The key companies in the Terrestrial Trunked Radio Market are focused on R&D to produce innovative technological solutions.

· In May 2021, Thales announced the release of the latest version of its Connectivity Software-Defined Radio series, which will aid in the speeding up of collaborative combat.

· In August 2019, Viasat Inc., a global communications company, revealed that monthly production run speeds for over 200 Non-Developmental Items had been increased.

More Insights Available:
Future Market Insights, in its new offering, presents an unbiased analysis of the Terrestrial Trunked Radio Market, presenting historical market data (2016-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in the Terrestrial Trunked Radio Market in terms of Component (Hardware, Software, Services), Device Type (Portable, Vehicular), and Application (Transportation and Logistics, Aviation, Oil and Gas, Public safety, Others) across five regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

Terrestrial Trunked Radio (TETRA) Market Segmentation:

By Component:

Hardware
Software
Services

By Device Type:

Portable
Vehicular

By Application:

Transportation and Logistics
Aviation
Oil and Gas
Public Safety
Others

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

About Future Market Insights (FMI):

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
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Website: https://www.futuremarketinsights.com
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Elastomeric Coatings: Eco-Friendly & Innovative Solution Driving Growth in Construction Market

Rising demand for eco-friendly and advanced coatings coupled with growing building and construction activities makes elastomeric coatings a popular and innovative choice in the market. Through constant research & development, elastomeric coatings are finding applications in different areas. Further, superior property of the product – water resistance – efficiently protects the intrusion of moisture into the walls, in the construction industry. The growing construction industry is expected to catalyze the growth of the elastomeric coatings market.

The global elastomeric coatings market is estimated to be valued at US$ 6,810.5 Million in 2022 and is expected to witness lucrative growth at a CAGR of more than 7% during the forecast period of 2022-2029.

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Key Takeaways of Elastomeric Coatings Market Study

By type, silicone is expected to be most popular choice of elastomeric coatings, owing to the increasing consumption of silicone-based elastomeric coatings for roof protection against bad weather, standing water, and sun damage.
In terms of application, the building and construction industry is expected to be a prominent consumer of elastomeric coatings. This is driven by the increasing construction of commercial, domestic, and industrial buildings across geographies. Furthermore, it is expected that, the application of elastomeric coatings on roofs will be prominent throughout the forecast period.
The elastomeric coatings market is anticipated to grow at a decent rate in developing economies, especially in China, India, ASEAN countries, etc., as favorable market conditions and a large consumer base are fueling the demand for elastomeric coatings.
Advanced coating technologies have gained tremendous attraction for waterproofing purposes in several industries such as building & construction, automotive & transportation, chemicals, oil & gas, energy & power, etc. Therefore, the shifting trend towards the adoption of advanced coating technologies is expected to drive the growth of the elastomeric coatings market.

“Elastomeric coatings hold more advantages over other coating systems, owing to lower VOC emissions and recyclability, which makes them a preferred choice because of their eco-friendly properties. Attributed to this factor, the demand for elastomeric coatings is anticipated to grow at a significant rate over the forecast period.”

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Elastomeric Coatings Market: Competition Analysis

The global elastomeric coatings market is a consolidated market space, due to the presence of less number of market players around the world.

Some of the key players identified across the value chain of the global elastomeric coatings market are

BASF SE
Sherwin-Williams Company
DowDuPont Inc..
Huntsman Corporation
Covestro AG
PPG Industries Inc.
Versaflex Inc
Rhino Linings Corporation
Nukote Coating Systems
Marvel Industrial Coatings LLC
Pidilite Industries Ltd.

Most of the key players maintain strategic focus on the development of distribution partnerships and joint ventures for global expansion. Manufacturers are focusing on manufacturing sustainable products to cater to the increasing demand for such products for various applications.

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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Smart Mirror Market: Anticipated to Reach US$ 1,183.54 Million by 2033 with a Projected CAGR of Nearly 8%

In 2023, the global smart mirror market is expected to be valued at approximately $548.21 million, with a projected increase to about $1,183.54 million by 2033. Over the forecast period from 2023 to 2033, the growth rate of the smart mirror manufacturing market is estimated to be nearly 8%.

Growth Drivers of Smart Mirror Market

Smart mirrors offer users the convenience of accessing voice assistance and preferred content through built-in apps, connecting their mobile phone screens to the mirrored display.
Users can access a variety of features through smart mirrors, including weather updates, streaming entertainment, music playback, social media feeds, downloadable applications, and more, enhancing their functionality and appeal.
The demand for smart mirrors is expected to increase significantly in the residential segment as consumers seek innovative solutions to enhance their homes’ technology and convenience.
Developed countries are poised to experience substantial growth in the adoption of smart mirror products during the forecast period, driven by the increasing trend towards smart home technology and the desire for interconnected devices.

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Key Takeaways from the Market Study

The wall-mounted segment is expected to grow at the fastest CAGR from 2023 to 2033 due to the growing demand for wall-mounted smart mirrors from the residential and commercial sectors
The commercial segment is expected to grow at the fastest CAGR from 2023 to 2033.
Key companies in the industry are launching new products with innovative designs and sizes, specifically for the hospitality and commercial sectors. This drives the segment growth
The offline distribution channel segment held the maximum revenue share in 2022. However, the online distribution channel segment is expected to register the fastest CAGR during the forecast period
North America was the largest region in 2022 and is projected to expand further at a higher CAGR from 2023 to 2033
This can be attributed to the rising disposable income and increasing consumers’ inclination toward smart homes in the U.S.

“The industry is growing rapidly because smart mirrors combine a mirror with automation and monitoring features to show information over the home décor mirror. The combination of mirrors with intelligence and technology allows for interaction between smart mirrors and people by displaying information” says an analyst at Future Market Insights.

Key Market Players

Major players are channeling efforts toward expanding their production capacities to strengthen their market share and cater to the growing demand. Market expansion is anticipated to be aided by the growing number of partnerships and collaborations among key players that are looking to increase their presence in the market

Key players in the Smart Mirrors market are Electric Mirror, Inc.; Séura; ad notam USA LLC; Majestic Mirror & Frame; Avis Electronics; Foshan Eterna Intelligent Bathroom Co., Ltd.; MirrorMedia Ltd.; LumiDesign; Evervue USA Inc.; and Videotree.

In May 2022, H&M piloted new tech features at select COS stores in the U.S. The stores feature smart mirrors in fitting rooms that can identify customers’ products, including the size & color, and provide personalized product or styling recommendations.
In January 2022, MySize launched a new smart mirror that allows shoppers to virtually try on a garment and provide fit recommendations.

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Key Market Segments Covered in the Global Smart Mirror Market

By Installation Type:

Wall-Mounted
Free-Standing

By Application:

Residential
Commercial

By Distribution Channel:

Online
Offline

By Region:

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

Author

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

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

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Silica for S-SBR Market to Boom at 7.3% CAGR: Eco-Friendly Alternative Drives Growth

Based on the market research conducted by FMI, the global silica for S-SBR market is projected to record a CAGR of 7.3% from 2023 to 2033. The market size in 2023 is expected to be US$ 861.8 million. By 2033, the valuation is anticipated to reach beyond US$ 1.8 billion.

The manufacturers in the footwear market are making use of silica for S-SBR in order to ensure that the footwear is sturdy. The application of silica is projected to ensure that the slippers show an anti-skidding property. This might increase the demand for silica for S-SBR market.

The automotive industry has been expanding significantly. The introduction of hybrid vehicles is anticipated to hasten market expansion. To prevent rust on the spare components, the industry has been using silica for S-SBR. Automobile tires are made more durable by the application of silica. The green tire, which has enormous commercial potential, primarily uses silica. Manufacturers across niches are looking for carbon black alternatives. The application of carbon black leads to lung disease, and irritation in the ears, throat, and nose. The silica for S-SBR is a suitable alternative as its application doesn’t lead to an unhealthy ecosystem. This may surge the sales of silica for S-SBR during the forecast period.

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Silica is also one of the most important components in the electrical market. The ability to act as both conductor and insulator has assisted the product in gaining traction.

Thus, the FMI analysts are of the view that ‘The surging footwear market, automobile market, eco-friendly nature, and lots of other factors are expected to surge the silica for S-SBR market growth during the forecast period.’

Key Takeaways:

The market is expected to record a CAGR of 7.3% from 2023 to 2033.
In 2023, the market value is projected to be US$ 861.8 million.
By 2033, the valuation is anticipated to cross US$ 1.8 billion.
On the basis of regional analysis, North America is expected to hold the leading market share.
The United States market is anticipated to record a CAGR of 6.1%.
Germany market is expected to record a CAGR of 5.6%.
China market is projected to register a CAGR of 9.2%.
Japan market is anticipated to record a CAGR of 4.7%.
South Korea market is expected to record a CAGR of 5.7%.
On the basis of type, the untreated segment is expected to hold the leading market share and is anticipated to record a CAGR of 7.3%.
On the basis of application, the tire reinforcement segment is projected to hold the dominant market share, and is expected to record a CAGR of 7.5%.

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Competitive Landscape

Manufacturers are looking to make huge investments in research and development. This might result in the production of better-quality products. The focus is also on sustainable development and making use of eco-friendly products. The emphasis is on entering into profitable mergers and acquisitions. This may allow the key players to surge their market share. The manufacturers are also emphasizing entering into related niches through organic growth. During such times, the key players are thoroughly analyzing the related sectors and making the required move.

Significant Developments in the Silica for S-SBR Market:

In February 2023, Trinseo was named one of America’s most responsible firms by Newsweek.
In January 2023, LANXESS and TotalEnergies agreed to collaborate on sustainable styrene.

Silica for S-SBR Market: Top Players

Trinseo
LANXESS
Evonik Industries

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:

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Injection Bottles Market is Projected to Grow at a CAGR of 4.5%, Totaling Around US$ 13.6 Billion by 2033 | FMI

The global injection bottles market is anticipated to reach a valuation of US$ 8.7 billion in 2023, driven by rising healthcare expenditure. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 4.5% between 2023 and 2033, and reaching a total valuation of approximately US$ 13.6 billion by 2033.

One of the major factors contributing to the growth of the injection bottles market is the growing prevalence of chronic diseases, such as diabetes, cardiovascular disorders, and autoimmune conditions, which is increasing worldwide. The conditions often require long-term treatment with injectable medications, creating a sustained demand for injection bottles.

Pharmaceutical companies are continually developing innovative drug delivery systems, such as biologics, biosimilars, and novel therapies. The advancements often require specialized injection bottles to ensure the safe and efficient delivery of complex drugs, contributing to the market’s growth.

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The globalization of healthcare has led to a surge in medical tourism, with patients traveling across borders to seek medical treatments. Medical tourism destinations require reliable and high-quality injection bottles to meet international standards of patient care and safety.

Key Takeaways from the Market Study

Global injection bottles market was valued at US$ 8.4 billion by 2022-end.
From 2018 to 2022, the market demand expanded at a CAGR of 2.0%.
Asia Pacific is expected to hold a dominant CAGR of 4.4% during the forecast period.
By material, plastic segment is expected to constitute a CAGR of 4.4% in 2033.
On the basis of end-use, hospitals segment is expected to dominate the market with a CAGR of 4.4% in 2033.
From 2023 to 2033, injection bottles market is expected to flourish at a CAGR of 4.5%.
By 2033, the market value of injection bottles is expected to reach US$ 13.6 billion.

Increased focus on preventive healthcare, across the globe, is a major factor that is expected to propel the growth of the injection bottles market in the near future, remarks an FMI analyst.

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Competitive Landscape

Prominent players in the injection bottles market are Gerresheimer AG, SGD S.A., Stölzle-Oberglas Gmbh, Origin Pharma Packaging, Jiangsu Delfu Medical Device Co. Ltd., Stevanato Group, Baumer, Adelphi Group, Shanghai Npack Machinery Co. Ltd., Rochling SE & Co. KG, DWK Life Sciences Ltd., and MycoScience, among others.

Recent Developments:

In 2023, Schott AG announced the launch of its new line of injection bottles that are designed to be more heat-resistant. The new bottles can withstand higher temperatures, making them a more suitable option for applications in harsh environments.
In 2022, West Pharmaceutical Services announced the launch of its new line of injection bottles that are designed to be more user-friendly. The new bottles are easier to apply and remove, making them a more convenient option for businesses and consumers.
In 2021, Gerresheimer AG announced the launch of its new line of injection bottles that are designed to be more sustainable. The new bottles are made from recycled materials and are recyclable in standard paper recycling streams.
In 2021, SGD Pharma announced the launch of its new line of injection bottles that are designed to be more durable. The new bottles are made from a stronger and more flexible material that is designed to withstand harsh environments.

More Valuable Insights Available

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

To understand opportunities in the injection bottles market, the market is segmented on the basis of material (glass, and plastic), by capacity (less than 50 ml, 50-100 ml, and above 100 ml), and by end-use (hospitals, laboratories, medical institutions, clinical research, and drug manufacturing), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)).

Key Segments Profiled In The Global Injection Bottles Market

By Material:

Glass
Plastic

By Capacity:

Less than 50 ml
50-100 ml
Above 100 ml

By End Use:

Hospitals
Laboratories
Medical Institutions
Clinical Research
Drug Manufacturing

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
Middle East and Africa (MEA)

About Future Market Insights Inc. (FMI)

Contact Us:

Nandini Singh Sawlani

Gas Separation Membrane Market Poised for Explosive Growth: US$ 4.73 Billion Opportunity by 2033

The gas separation membrane market is anticipated to expand its roots at a steady CAGR of 7.3% between 2023 and 2033. The market is expected to have a market share of US$ 4.73 billion by 2033 while it is likely to be valued at US$ 2.34 billion in 2023.

The growing awareness around the hazardous health effects of gases coupled with expanding urban settings is flourishing the market growth. Furthermore, the changing environment due to rising air and water pollution is pushing end users to adopt products for gas and impurity elimination.
Stringent government policies are pushing authorities to use gas separation membranes for water purification, and the elimination of extra gases. Also, the transforming chemical industry with high demand for gases like oxygen and nitrogen is pushing the sales of the gas separation membrane.
A key source of revenue is generated through chemical procedures that include nitrogen separation from oxygen and other processes. Some basic chemical applications of these separation membranes are the removal of N2 and CO2 gases.
The complex procedures are made easy through these membranes as it provides pure gas out of the gaseous mixture. For example, hydrogen recovery from nitrogen.

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Key Points

The United States market leads the gas separation membrane market in terms of market share in North America. The United States region held a market share of 17.2% in 2022. The growth in this region is attributed to the rising awareness, restoration of the food and beverage industry, and stringent government policies.
The United Kingdom’s gas separation membrane market is another significant market in the European region. The market thrives at a CAGR of 5.8% between 2023 and 2033. The growth is attributed to the increased consumption of gases like N2 and CO2 for chemical research and development along with its use in the pharmaceutical industry.
The Chinese gas separation membrane market is anticipated to thrive at an average CAGR of 8.4% during the forecast period. The growth is owing to the huge population, higher consumption, and people installing products to clean the surroundings such as air purifiers.
The nitrogen removal segment leads the application type segment as it holds a market share of 22.9% in 2023. It is the top segment as there is a high demand for nitrogen from food and beverages, and the pharmaceutical industry.
The petrochemical and oil & gas segment consumes the utmost gas separation membrane as end-users. It holds a global share of 27.5% in 2023. The growth is attributed to increased consumption and the requirement for filtration products.

Competitive Landscape

The key vendors work on making the product 100% effectivity in filtration and cleaning the adulterated product. Furthermore, the focus is also on government tenders. Key competitors and also merge, acquire, and partner with other companies to increase their supply chain, and distribution channel.

Recent Market Developments

Schlumberger Ltd introduced its Apura gas separation membrane that does the natural gas sweetening via H2S H2O, and bulk CO2 removal.
Air Products and Chemicals Inc. introduced the PRISM membrane separator for a wide range of applications. Such as marine, aerospace, offshore drilling, food, and beverage.

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Gas Separation Membrane Market: Key Players

Air Products and Chemicals Inc.
Air Liquide Advanced Separations LLC
UBE Industries Ltd
Schlumberger Ltd
Fujifilm Manufacturing Europe B.V
Parker-Hannifin Corporation
Membrane Technology and Research Inc
DIC Corporation
Honeywell International (Honeywell UOP)
Evonik Industries
Mahler AGS
Atlas Copco AB
GENERON LLC
GRASYS JSC
GMT Membrantechnik GmbH

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

Acidity Regulator Market on the Rise: Poised to Reach US$ 17.4 Billion by 2033

The global acidity regulator market is anticipated to attain a valuation of US$ 7.6 billion in 2023 and is projected to reach US$ 17.4 billion by 2033, trailing a CAGR of 8.6% during the forecast period. The rising demand for processed foods and beverages has increased the requirement for acidity regulators to maintain pH levels, improve flavor, and extend shelf life, contributing to a positive market outlook. Additionally, the growing consumer awareness of health and wellness, along with the increased consumption of organic and natural food products, which utilize acidity regulators for preservation, further drives market growth.

The market is driven by the growing food and beverage (F&B) industry, particularly in emerging economies, as manufacturers cater to increasing consumer demands. Stringent food safety regulations globally have also spurred the use of acidity regulators, further fueling market growth. Additionally, the increasing popularity of convenience foods and ready-to-drink (RTD) beverages, catering to consumers’ hectic lifestyles, contributes to market expansion.

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The market is experiencing growth due to the rising adoption of acidity regulators in the pharmaceutical industry, increasing demand for clean-label products, and rapid technological advancements in production techniques. Additionally, factors like the exploration of new applications, diverse product options, and the expansion of international food trade are further driving market growth.

The demand for acidity regulators has risen due to customers’ acceptance of ready-to-drink beverages and canned foods. Growing disposable income and time limitations have led to an increased appetite for packaged foods globally. Ready-to-eat and ready-to-cook dishes are particularly popular among young consumers, presenting a growing market opportunity. The usage of acidity regulators in processed, dry, and frozen foods is likely to further boost market growth.

A recent trend is the preference shift from synthetic to organic food additives, like herbal extracts. Developed nations show higher growth in the market for organic shelf-life stabilizers compared to synthetic additives. Consumers perceive organic additives as healthier and safer, leading to increased popularity and opportunities for the acidity regulator market.

Key Takeaways

The demand for acidity regulator in Asia Pacific is projected to rise with a promising CAGR of 8.8% during the forecast period.
The market in Europe is expected to grow with a CAGR of 8.3% during the forecast period.
By type, citric acid is expected to remain high in demand while growing at a CAGR of 8.9% during the forecast period.
By application, beverage segment is expected to grow with a CAGR of 9.4% during the forecast period.

“Increasing demand for processed foods and beverages is expected to drive the demand for acidity regulators during the forecast period,”- comments an FMI Analyst

Competitive Landscape

The market for acidity regulator is characterized by extreme competition, as key industry players are making significant investments to improve their manufacturing capabilities.

Some recent developments in the acidity regulator market are:

In February 2023, Corbion expanded its cooperation with Azelis, a leading global innovation service provider in specialty chemicals and food ingredients industries, to distribute Corbion products in Malaysia and Singapore.
In April 2022, Bartek Ingredients announced the construction of the world’s largest production factory for malic and food-grade fumaric acid, which is currently under development.
On July 12, 2023, Cargill and John Deere announced a collaborative effort to enhance the digital and in-field experience for farmers using John Deere technology and participating in the Cargill RegenConnect® program.
In May 2023, Cargill’s salt business entered into an agreement with CIECH Group, a prominent supplier of evaporated salt products.

More Valuable Insights Available

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

To understand opportunities in the acidity regulator market, the market is segmented on the basis of types, application and region.

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Key Companies Profiled

American Tartaric Products
Fuerst Day Lawson
Archer Daniels Midland
FBC Industries Inc.
Parry Enterprises India
Chemelco International
Cargill Inc.
Gadot Biochemical Industries Ltd.
Jungbunzlauer Suisse AG
Shandong Juxian Hongde Citric Acid Co. Ltd

Key Segments Profiled in the Acidity Regulator Market Industry Survey

By Types:

Acetic Acid
Lactic Acid
Citric Acid
Maleic Acid
Phosphoric Acid

By Application:

Beverages
Sauces, Condiments, and Dressings
Processed Food
Bakery
Confectionery
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 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

Ironing Table Market: Sales Projection with a 7.1% CAGR by 2032

The projected size of the ironing table market is expected to grow to approximately US$2,168.4 million by 2022. With a Compound Annual Growth Rate (CAGR) of 7.1% from 2022 to 2032, it is forecasted to reach approximately US$4,305.6 million.

Growth is attributed to the following:

Ironing boards simplify and enhance the ironing process, making it more convenient and enjoyable for users.
They are readily available for purchase from various retailers, outlets, and online marketplaces, offering consumers easy access to these essential household items.
Ironing boards have evolved into essential home furnishings, meeting customer demands for comfort and convenience during the ironing process.
The safety features of ironing boards, such as their ability to prevent accidental burning of bed sheets or other items, contribute to their popularity as a risk-free and secure ironing solution.
The market for ironing boards has experienced growth, particularly in developing nations, as households become more modernized and seek contemporary solutions for household chores.

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Market players are looking for innovative ways to offer ironing boards.The warranty period or durability on an ironing board is very crucial because it is one of the aspects every consumer look at and is projected to gain significant prominence over the years to come. The global ironing boards market is anticipated to witness a robust CAGR amid the forecast period, 2020-2030.

Latest Trends and Opportunities in the Ironing Table Market

High-end, innovative technology is becoming more accessible at affordable prices in the ironing table market, catering to consumer preferences for advanced features without breaking the bank.
Compact folding ironing boards are experiencing high demand as they offer space-saving solutions, prompting multiple competitors in the market to adopt this trend.
Honey-can-do, one of the competitors, has introduced a tabletop folding ironing board that is exceptionally small and portable, fitting conveniently inside a suitcase, showcasing the market’s focus on portability and convenience.
Companies are investing in the development of ironing boards and folding shelves, recognizing that such innovations can drive sales and increase market share by meeting consumer needs for compact and versatile ironing solutions.
Developed countries, as well as emerging economies, present significant opportunities in the ironing table market due to increasing modernization, urbanization, and rising consumer purchasing power.
The modern lifestyle and the essentiality of ironing boards in contemporary homes contribute to the growing demand for these products.
Key factors influencing consumer choice include the quality of the ironing board’s cover, its durability, and its ability to withstand high heat, enhancing the appeal and longevity of the product.

COVID-19 Impact Analysis on Ironing Board Market

The COVID-19 outbreak affected not only the ironing industry but the ironing boards too. The market is witnessing low demand due to consumers strictly the following stay at home orders amid the crisis, this has led the market towards the supply-demand gap. The demand for ironing boards might pick up in the second half of the years due to the relaxation of lockdown to a few extent and individuals will return to outdoor routines.

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Ironing Boards Market – Region-wise Analysis

North America will be accounting for the biggest market share owing to the availability of a wide assortment of ironing boards suitable according to different requirements of the consumer base.

The Asian region has shown impressive growth in production and consumption of ironing boards as market players from these regions have been making efficient ironing boards with the least expenses. Moreover, strong distribution channels have also made the ironing boards available to common masses at low costs.

Ironing Boards Market – Competitive Analysis

Prominent players in the global ironing boards market include –

Flipzon
Magna
PAffy
Solimo
Galoppia
Orril
Magna Homewares
Oumffy
Bathla.

The market is driven by continuous product innovations and renovations and comprising features that are suitable for a different class of consumers. For instance,Oumffy has introduced self-standing and foldable ironing boards that are extra wide and ergonomic and adjustable in four different heights.

Homz has launched ironing board T-leg has 100% cotton cover with polyurethane foam pad and withstands heat resistance of a 450-degree iron. The company has also launched a heavy-duty Durabuilt Ironing board that has mesh- improved steam flow steel top with scorch guard and stain-resistant cotton covers.

Global Ironing Boards Market: Key Players (this is an indicative list – full list of key players available upon request)

Whitmor
Leifheit
Brabantia
HOYO
Ybm home
Forever Holdings
Honey-Can-Do
Household Essentials
Homz
Widemex
Casa
Parker
Hafele America
Westex
Minky

Regions and Countries Analyzed in the Report

North America (U.S., Canada)
Latin America (Mexico, Brazil, Rest of LATAM)
Europe (Germany, U.K., France, Italy, Spain, Poland, Russia, 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, Turkey, Northern Africa, South Africa)

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Ironing Boards Market – Market Segmentation

By Classifications

Steel
Aluminum
Plastic

By Applications

Households
Laundry
Apparel Industry
Hotel

By Types

Portable table top ironing board
Wall-mounted iron table
Table-top or full-size ironing board

Author

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

Industrial Steam Peeler Market Growth Rising to US$ 1,252.9 Million by 2033

Over the forecasted period from 2023 to 2033, the global industrial steam peeler market is anticipated to exhibit a robust compound annual growth rate (CAGR) of 7.1%. This expansion is expected to propel the market from its 2023 valuation of US$ 631.0 Million to reach US$ 1,252.9 Million by the conclusion of 2033.

The escalating adoption of technologically advanced steam peeling solutions is poised to drive demand within the commercial sector. Leading manufacturers are actively innovating to offer a diverse range of power modifications aimed at enhancing the efficiency of peeling equipment.

For example, TAMRA System ASA offers steam peelers equipped with additional features such as steam capacitors, heat exchange units, and steam discharge valves. Similarly, TNA Australian Solutions Pty Limited specializes in providing adaptable, reliable, and low-maintenance steam peeling solutions. Their offerings include steam peelers featuring three distinct steam vessel designs, designed to ensure high peel productivity, optimal yield, and consistent skin removal.

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Competitive Landscape

The global industrial steam peeler market exhibits a high degree of fragmentation, featuring a diverse array of international and local companies. These entities are strategically focusing on mergers and acquisitions to amplify their distribution networks and effectively meet the escalating demand from clients. Additionally, numerous local firms are forging collaborations and entering into joint ventures with established players to enhance their geographic footprint and introduce innovative products through intensified research and development endeavors.

For instance:

In November 2022, the Brazilian company Kraft Heinz Firm, renowned for its expertise in seasonings and sauces, announced a new agreement to acquire Companhia Hemmer Indústria e Comércio, a prominent Brazilian food company. This strategic move aims to broaden flavor options for Brazilian consumers while bolstering Kraft Heinz’s International Taste Elevation product platform and strengthening its presence in emerging markets.

Similarly, the Kraft Heinz Company unveiled plans to acquire Assan Foods, with the transaction slated to take effect in July 2022. Assan Foods is recognized for its extensive product portfolio, including offerings marketed under the Colorado brand, catering to diverse international cuisines. This acquisition is expected to bolster Kraft Heinz’s product offerings and market reach, further solidifying its position in the global food industry landscape.

Key Companies

Boema Spa
Buscetto costruzioni meccaniche srl
CFT Spa
CMI Equipment and Engineering Co.
DANA Technology ApS
EIMA Engineering GmbH
FENCO Food Machinery Srl
Food Machinery Australasia Ltd.
Idaho Steel
John Bean Technologies Corp.
Kiremko BV
Lyco Manufacturing Inc.
Pigo Srl
Spomasz Wronki
TNA Australia Pty Ltd.
Tomra Systems ASA
Turatti Srl
Yangzhou Flourish Fruit and Vegetable Juice Machinery Co. Ltd

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Market Outlook by Category

By Product Type:

Batch Steam Peeler
Continuous Steam Peeler

By Application:

Restaurants
Fast-Food Outlets
Households

By Region:

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