Coconut Water Market Poised for Expansion from 2020 to 2030 | Future Market Insights

Coconut Water Market

The analysts at Future Market Insights (FMI) followed a multidisciplinary approach during the pandemic to study the growth and development of the Coconut Water Market. The report features insights into the current growth dynamics and the major revenue reforms prevailing in the market as of 2020 along with the key takeaways over the forecast period 2020 to 2030.

The Future Business Insights research team is gathering data and performing market studies to create various Coconut Water Market estimations and predictions on a regional, national, and global basis. They examined the Coconut Water Market and generated reliable and relevant insights using a variety of business information sources, including market statistics and merger estimates.

Because health-conscious consumers choose natural, hydrating beverages, the coconut water market is quickly rising. Coconut water is especially popular for its revitalising taste, electrolyte content, and potential health benefits. As consumers become more aware of the beverage’s nutritional benefits, manufacturers are producing unique versions, resulting in market growth in a number of nations throughout the globe.

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Key Players

The writer will create content on the general strategies of market players. And then will write the key players in the market are:

Tropicana Products, Inc., a Bradenton, Fla.-based division of PepsiCo, introduced Tropicana Coco Blends.

Segmentation

Nature

  • Conventional
  • Organic

Application

  • Food
  • Bakery & Confectionery
  • Breakfast Cereal
  • Dairy Products
  • Sauces and Salads
  • Other Food Products
  • Beverages
  • Alcoholic Beverages
  • Tea & Coffee
  • Other Beverages
  • Cosmetics & Personal Care
  • Skin Care
  • Hair Care
  • Nutraceutical
  • Animal Feed & Pet Food
  • Retail

Flavour

  • Unflavored/Original
  • Flavored

Sales Channel

  • B2B/Direct
  • B2C/Indirect

Global

  • North America
  • Latin America
  • Europe
  • East Asia
  • Southeast Asia and Pacific
  • Middle East and Africa

Frequently Asked Questions

  • What is the size of the overall Coconut Water Market in the Food and Beverage Market and its segments?
  • What are the key segments and sub-segments in the market?
  • What are the key drivers, restraints, opportunities, and challenges of the Coconut Water Market in the Food and Beverage Market, and how they are expected to impact the market?
  • What are the attractive investment opportunities within the Coconut Water Market in the Food and Beverage Market?
  • What is the Coconut Water Market in the Food and Beverage Market size at the regional and country-level?
  • What are the key market players focusing on?
  • What are the strategies for growth adopted by the key players in Coconut Water Market in the Food and Beverage Market?
  • What are the recent trends in Coconut Water Market in the Food and Beverage Market? (M&A, partnerships, new product developments, expansions)?
  • What are the challenges to the Coconut Water Market in the growth of the Food and Beverage Market?
  • What are the key market trends impacting the growth of the Coconut Water Market in the Food and Beverage Market?

Reasons to Buy the report

The report includes authentic analysis of the market and the present developing trends in the market affecting the growth. FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. This ensures that the data collected is from highly reliable sources. We provide accurate insights on various market trends to enable businesses to make informed and beneficial decisions to attain competitive edge over key players. Our analysts provide detailed market segmentation along with useful insights and extensive reports that other companies fail to include. The report comprises the market trends, key players and shift in the demand throughout the forecasted period.

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Coconut Water Market Outlook & Key Findings

  • Future Market Insights (FMI) forecasts positive growth for global coconut water market at a CAGR of 10.5% between 2020 and 2030
  • Consumer preferences are shifting towards natural beverages hence big manufacturers are offering packaged coconut water drinks and beverages to gain traction
  • Over 70% of coconut water accounts for original/ unflavored. Despite availability in various flavors, regular coconut water will remain consumer favorite, accounting for nearly one-fourth of the market,  finds FMI

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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Explosive Growth Forecasted: Sports Nutrition Market to Reach US$ 61.6 Billion by 2033

Sports Nutrition Market

The Sports Nutrition Market is experiencing remarkable growth, with its value increasing from US$ 24.8 billion in 2022 to US$ 26.7 billion in 2023. Projections are even more exciting, with an expected value of US$ 61.6 billion by 2033, representing an impressive 11.5% Compound Annual Growth Rate (CAGR) from 2023 to 2033.

Rising health consciousness, increased participation in sports and fitness activities, and the need for specialised nutrition products among athletes and fitness enthusiasts all contribute to this expansion. As clients emphasise health and performance development, the sports nutrition sector grows, offering a broad range of products to fulfil a wide range of requirements.

Future Market Insights (FMI), an ESOMAR-certified consulting firm, anticipates the sports nutrition market to grow substantially through 2021 and beyond. The demand for organic sports nutrition beverages will increase, boosting market sales.

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Online training facilities and health programmes have boosted sales of ready-to-drink sports beverages and energy bars with a focus on sports nutrition. To take advantage of the existing prospects, manufacturers are collaborating with local and regional fitness centres.

Key Takeaways from FMI’s Sports Nutrition Market Study

Trend for veganism and healthy lifestyle among fitness enthusiasts will drive the sales of plant-derived ingredient sports nutrition. This segment is expected to hold maximum share in the global market. In terms of nature, organic segment will exhibit higher growth as compared to conventional backed by the rising demand for natural and organic products For B2C, flavored sports nutrition beverages are expected to remain dominant throughout the forecast period Expansion of online fitness and retail channels will spur the sales of sports nutrition, exceeding a valuation of US$ 64.1 Bn by 2031 The U.S. is expected to be the most lucrative market across North America during the assessment period India will emerge as a lucrative market backed by the rising demand for organic sports nutrition products in the country

“Growing prevalence of obesity across the globe is pushing the people to opt for healthy lifestyle. With emergence of online fitness centers and health classes, manufacturers are forging partnerships and alliances with local and regional fitness centers generating lucrative revenues,” says the FMI analyst. 

Competitive Landscape

Nestlé S.A., Red Bull GmbH, Ajinomoto Co., Inc., Keurig Dr. Pepper, Inc., Nutrabolt, GlaxoSmithKline plc., Optimum Nutrition, Inc., Premier Nutrition Corporation, Biothrive Sciences, Nutrabolt, Now Foods, INC Sports Nutrition, Vitaco Health, and Uelzena Group. among others are some prominent players operating in the sports nutrition market.

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Sports Nutrition Market by Category

B2B

By Ingredient Type:

  • Plant-Derived Ingredient
    • Soy Protein
    • Rice Protein
    • Pea Protein
    • Potato Protein
  • Animal Derived Ingredient
    • Creatine
    • Milk Protein
    • Whey Protein Concentrates
    • Casein
    • BCAA (Branded Chain Amino Acid)
  • Blends

By Nature:

  • Organic
  • Conventional

B2C

By Function:

  • Energizing Products
  • Rehydration
  • Pre-Workout
  • Recovery
  • Weight Management

By Product Form:

  • Ready-To-Drink
  • Energy & Protein Bar
  • Powder
  • Tablets/Capsules

By Flavour:

  • Regular
  • Flavored
    • Fruit Punch
    • Berries
    • Citrus
    • Chocolate
    • Vanilla
    • Others

By Sales Channel:

  • Modern Trade
  • Convenience Store
  • Specialty Store
  • Pharmacy Store
  • Online Retail
  • Other Sales Channel

By Nature:

  • Organic
  • Conventional

By Price Range:

  • Economic
  • Premium

Region

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

Key Questions Answered in the Report

What is the current sports nutrition market value?

The sports nutrition market is expected to exceed US$ 19,302.2 Mn in 2021

At what rate did the sports nutrition market grow between 2016 and 2020?

The sports nutrition market projected steady growth, registering a CAGR at 7.4% between 2016 and 2020.

What are the key trends driving sports nutrition sales?

Rising trend for clean-label and non-GMO products and easy availability of flavored nutritional sports energy drinks and products will increase the sales.

Who are the leading players of sports nutrition?

Nestlé S.A., Red Bull GmbH, Ajinomoto Co. Inc., Keurig Dr. Pepper Inc., Nutrabolt, and GlaxoSmithKline plc., are the top players identified by Future Market Insights.

What will be the demand outlook for North America sports nutrition market?

North America’s sports nutrition market demand is set to rise at 10.7% CAGR over the forecast period of 2021 and 2031.

What is the market share of leading players in sports nutrition market?

The top players in the sports nutrition market will collectively account for 50-55% of global market share in the year 2021.

At what rate will sports nutrition demand rise in Europe?

Demand for sports nutrition across Europe will exhibit healthy expansion at 9.9% CAGR during the forecast period of 2021 and 2031.

Which are the top countries driving the sports nutrition market sales?

Top countries in terms of sports nutrition sales are China, the U.K., the U.S., India and Germany.

What is the current market share of Japan and South Korea in the global Sports nutrition market?

In 2021, South Korea will account for 0.7% of global sports nutrition market share, while Japan will contribute over 0.5% of global market share.

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About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Fortified Dairy Products Market on the Rise: Expected to Reach US$ 223,441 Million by 2034

According to Future Market Insights (FMI), The Global Fortified Dairy Products Market size was estimated at US$ 109,485 million in 2021 and expected to reach US$ 223,441 million in 2032, at a CAGR of 6.7%.

Nations throughout the world are recognising the importance of fortifying dairy products and approving the notion, which is expected to increase sales. However, because fortified dairy products are much more expensive than non-fortified dairy products, their adoption is unlikely to be widespread.

Furthermore, supplementing dairy products with vitamin D improves calcium absorption and maintains calcium levels in the blood. Yoghurt is becoming a popular choice among health-conscious consumers as an alternative to high-calorie dairy products such as ice cream and milkshakes. The rising use of fortification technologies in yoghurt has improved sales of functional foods that serve key functions.

Producers are concentrating on increasing the usage of fortified processes for a variety of dairy products, such as yoghurt and cheese, which will result in improved revenues for fortified dairy products and hence drive market expansion throughout the projection period.

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Key Takeaways from Market Study

  • North America lead the Fortified Dairy Products Market, with a 45 percent share.
  • The worldwide Fortified Dairy Products market is predicted to grow rapidly in Asia Pacific excluding Japan (APEJ) due to increased demand for healthier foods..
  • During the forecast period of 2022-2032, the flavoured milk category is predicted to develop at the fastest rate in terms of value, with a CAGR of x.x %.
  • During the forecast period of 2022-2032, the mineral segment is predicted to develop at the fastest rate in terms of value, with a CAGR of 7.3 %.
  • Market players are experimenting with new ways on increasing production capacity and also doing research and innovation to create products.

“The Fortified Dairy Products Market is being propelled by increasing technological innovation, which promotes the production of dairy products that are favourable to one’s health.”, –says a analyst.

Competitive Landscape

Fortified Dairy Products have a strongly competitive global market. The Fortified Dairy Products Market is going forward as producers focus on developing a variety of baked items that will enhance customer demand.

Some of the leading companies offering Fortified Dairy Products are Arla Foods UK Plc, Nestlé S.A., BASF SE, General Mills, Inc., Danone, Dean Foods Company, Bright Dairy & Food Co., Ltd., China Modern Dairy Holdings Ltd, GCMMF Ltd., and Fonterra Group Cooperative Limited.

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the Fortified Dairy Products presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

Product Type :

  • Milk
  • Milk Powder and Formula
  • Flavored Milk
  • Cheese
  • Dairy Based Yogurt
  • Other Products

Micronutrients :

  • Vitamins
  • Minerals
  • Other Fortifying Nutrients

Sales Channel :

  • Modern Trade
  • Convenience Stores
  • Departmental Stores
  • Drug Stores
  • Online Stores
  • Other Sales Channel

Region :

  • North America
  • Latin America
  • Europe
  • Japan
  • Asia Pacific Excluding Japan – APEJ
  • Middle East and Africa -MEA

The report covers exhaustive analysis on:

  • How much is the Fortified Dairy Products market current worth?
  • At what CAGR is the market expected to grow?
  • How was the performance in the last five years?
  • What is boosting Fortified Dairy Products sales?
  • How are market players reacting to the new developments in the market?
  • How much share does the top 5 companies hold?
  • Which are the major countries driving demand for Fortified Dairy Products?
  • Who are the major players in Fortified Dairy Products Market?
  • What outlook does APEJ provide?
  • At what rate will the U.S. Fortified Dairy Products market grow?

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About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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2-EthylHexyl Acetate Market, Anticipates Surge to US$ 312.2 Million Valuation by 2029 on the Back of Thriving Printing Ink Demand

Future Market Insights (FMI) has forecast the 2-EthylHexyl acetate market to grow with a year-on-year growth of 4.5% in 2022 reaching a value of about US$ 8.5 Million by 2022 end. The global sales are anticipated to witness a considerable CAGR of 4.6% during the period of 2022 and 2029.

High boiling point and good solvent power of 2-ethylhexyl acetate market size it a popular solvent in the formulation of paints and coatings. Through continuous exploration of its properties, 2-ethylhexyl acetate is finding application in spray coatings and dip-coating technologies. Thus, the rising demand for paints & coatings, globally, is anticipated to fuel the demand for 2-ethylhexyl acetate.

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Key Takeaways of 2-Ethylhexyl Acetate Market Study

  • Purity ≥ 99% is observed to be the most preferred grade type in the market, owing to increasing demand for high-quality products and tightening regulatory scenarios.
  • 2-ethylhexyl acetate is used as a brightener in leather processing and as an additive in fragrance formulation. Increasing consumption of cosmetic & personal care products is estimated to drive the demand for 2-ethylhexyl acetate as a performance chemical. However, the slow growth of the leather industry can have a negative impact on the market.
  • 2-ethylhexyl acetate is also used as a solvent in printing and screen inks. The demand for 2-ethylhexyl acetate is expected to rise, owing to increased consumption of printing inks in the packaging industry.
  • Emerging economies such as India, China, and Mexico are estimated to witness lucrative growth. The positive outlook for the automotive industry and the growth of the paints & coatings industry are major factors offering growth opportunities for the 2-ethylhexyl acetate market in these countries.

“2-ethylhexyl acetate is effectively being used as an alternative to conventional solvents, which have relatively higher levels of volatile organic components (VOCs). Increasing regulations regarding VOC components will propel the demand for 2-ethylhexyl acetate in the foreseeable future.”

2-Ethylhexyl Acetate Market: Competition Analysis

The global 2-ethylhexyl acetate market is significantly consolidated, with only a few leading market participants accounting for a high market share. The adoption of integrated business models for controlling the procurement of raw materials and supply chain networks is one of the key strategies adopted by leading market players. Continuous product & technological innovation and the development of customized solutions are a few of the key trends being observed in the market.

Some of the key players are

  1. BASF SE
  2. Eastman Chemical Company
  3. Chemoxy International Ltd.
  4. Polynt SpA
  5. Changzhou Xiaqing Technological Co., Ltd.
  6. Vijay Ajmera Group

How will the market shape up?

Rapid industrialization across the globe and growing consumption of paints & coatings for both, decorative and protection purposes, will drive the demand for 2-ethyl hexyl acetate as an industrial solvent. Apart from this, 2-ethylhexyl acetate is also estimated to witness a rise in demand as an additive in cleaners and fragrance formulations. Shifting trends towards the adoption of water-borne coatings or high-solid coatings might hamper market growth in the foreseeable future.

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What does the report offer?

The recent market study published by Future Market Insights offers a conclusive analysis of the global 2-ethylhexyl acetate market and delivers noteworthy insights through organized market research. The report offers an in-depth market analysis of historical performance from 2014 to 2018 and an opportunity assessment for 2022–2029. The market study provides comprehensive insights on different aspects of the 2-ethylhexyl acetate market based on purity, application, and end use, across the targeted seven regions.

2-EthylHexyl Acetate Market Market By Category

By Purity:

  • Purity ≥ 99%
  • Purity < 99%

By Application:

  • Industrial Solvents
  • Performance Chemicals

By End Use Industry:

  • Automotive & Aerospace
  • Paints & Coatings
  • Leather Industry
  • Cleaners & Paint Stripping System
  • Others

By Region :

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

About Future Market Insights (FMI)

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

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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FMI Predicts Robust 3.3% Yearly Growth Rate for Propanol Market, Driven by Surging Demand Across Paints, Coatings, and Personal Care Sectors, Targeting US$ 3,878.6 Million by 2029

Growing utilization of propanol as a direct solvent in paints and coatings, household & industrial cleaners, and others is expected to pave the way for its robust sales during the projected timeline.

The implementation of new technologies or methods over conventional methods, and production capacity expansion and footprint expansion, remain the key strategies followed by propanol manufacturers to enhance productivity and capture new opportunities in the propanol market.

This is the main factor as to why the global propanol market is estimated at US$ 3,099.4 Million in 2022 and is projected to experience steady growth during the forecast period of 2022-2029. East Asia will see the most opportunities for manufacturers over the period of forecast, with pharma- and electronic-grade isopropanol experiencing increasing sales.

“Volatility in petroleum feedstock prices as well as propylene prices may impact the future price of propanol as well as market growth. Increasing cost of propylene is encouraging manufacturers to adopt acetone-based isopropanol production, especially in Asian countries. Acetone-based propanol production increased from 2% to 25% from 2002 to 2018 in Asian countries,” says an FMI analyst.

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Key Takeaways from the Global Propanol Market

  • In the coming years, as compared to isopropanol, n-propanol is expected to register a slight increase in demand, owing to new laws and regulations regarding the usage of low-VOC-emitting chemicals in pharmaceutical and food processing applications.
  • Pharmaceutical and electronic-grade isopropanol is likely to be sought after in the future, owing to the growth of pharma and semiconductor industries. Worldwide, propanol used as a direct solvent across various industries is projected to account for a prominent share in the global propanol market.
  • Growth prospects are high in emerging markets such as India, China, and Mexico. Companies are focusing on different strategies in order to ensure good presence in both, emerging and matured markets. Since there are limited opportunities for propanol manufacturers in developed regions, manufacturers in the propanol market are focusing on emerging markets to capture a larger share in the landscape.

East Asia Set to Become Self-sufficient in Propanol

In the year 2014, the capacity base of propanol in East Asia surpassed that of North America, primarily following the start of several new facilities in China and South Korea. During the period of 2014-2021, massive additions in capacity have made China a prominent producer in Asia Pacific.

In China, future import volumes are expected to decline as the country moves towards self-sufficiency. Globally, the oversupply of propanol has constricted its growth and demand. At present, the total global production capacity of propanol stands at around 3,400 KT, with an approximately 60% utilization rate.

Looking for More Information?

A new market report on propanol published by Future Market Insights brings to the fore a pin-point analysis of the propanol market and offers comprehensive information with historical demand data for 2014-2021 and forecast statistics for 2022-2029.

The study offers insightful information on the global propanol market based on various categories – type (n-propanol, isopropanol), application (solvents, chemical intermediates, pharmaceuticals, household & personal care products, and others), across seven regions.

This study highlights key market players who are well-known vendors and have proven themselves as key shareholders in the global propanol market. Some of the propanol market players included in the report are

Key Companies Profiled

  1. BASF SE
  2. The Dow Chemical Company
  3. ExxonMobil Corporation
  4. Sasol Limited
  5. Royal Dutch Shell Plc
  6. Eastman Chemical Company
  7. Mitsui Chemicals, Inc.
  8. LG Chemicals Limited
  9. Zhejiang Xinhua Chemical Co Ltd.
  10. Oxea GmbH
  11. ISU Chemical Co Ltd.
  12. LCY Chemical Corp.
  13. Deepak Fertilizers and Petroleum Corporation Limited
  14. CNPC Northeast Refining & Chemical Engineering Company Limited (PetroChina Co. Ltd.)

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Propanol Market By Category

By Types :

  • N-Propanol
  • Isopropanol

By Application :

  • Solvent
  • Chemical Intermediate
  • Pharmaceutical
  • Household and Personal Care Products
  • Others

2014-2021 Propanol Market Outlook Compared To 2022-2029 Forecast

Sales of propanol increased at 2.5% CAGR, between the period of 2014 and 2021, owing to moderate demand outlook from the end use sectors such as pharmaceuticals and chemical intermediate.

A decrease in the demand for n-propanol from certain end users during the pandemic crisis has impacted the overall growth of the market, although in upcoming years the growth is expected to bounce back to its original pace based on the recovery of the economic conditions. However, substantial demand for sanitizers has boosted the market for isopropyl alcohol.

The key driver of the market is the rising use of propanol in paints and resin, pharmaceuticals, personal care products, de-icers, cosmetics, inks, food, and adhesives. Most end users are shifting their focus from isopropanol to n-propanol.

Considering the new law regarding the utilization of low-volatile chemical compounds, n-propanol has capitalized on a modest increase in demand in food processing and pharmaceutical applications. An increase in the demand for sanitizer all over the globe has bolstered the growth outlook for iso-propanol.

About Future Market Insights (FMI)

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

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Dominance of Electrical Steel and Soaring Demand from Automotive to Fuel Soft Magnetic Composite Market Growth: Future Market Insights Forecasts 9.3% CAGR Expansion by 2033

According to a Future Market Insights (FMI) report, the global soft magnetic composite market value is forecast to increase from US$ 44,459.0 Million in 2023 to US$ 108,392.0 Million by 2033. Over the assessment period, global demand for soft magnetic composites is predicted to surge at a CAGR of 9.3%.

The electrical steel segment is expected to dominate the soft magnetic composite industry through 2033. It will likely hold a volume share of 63.9% in 2023. On the other hand, the iron powder segment is poised to exhibit a higher CAGR of 9.8% through 2033.

The worldwide market for soft magnetic composites is set to witness a robust growth trajectory during the assessment period. This is due to factors like:

  • Rising demand for soft magnetic composites from automotive, electronic, construction, and energy industries
  • Growing popularity of electric vehicles
  • Expansion of the renewable energy sector
  • Escalating miniaturization trend in electronic devices
  • High adoption of industrial automation

Soft magnetic composites are widely used in electromagnetic devices like transformers, electric motors, generators, and inductors. This is due to their excellent properties and advantages, such as lightweight, high magnetic permeability, good machinability, and low eddy current losses.

Soft magnetic composites (SMCs) have become ideal components in power electronic and electrical distribution systems. Growing demand for electromagnetic devices from diverse industries is projected to boost the growth of the soft magnetic composite market.

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In electrical and electronic industries, soft magnetic composites are considered to be essential in multiple electrical devices. The growing demand for high-quality electrical components to achieve optimum solutions influences the consumption of SMCs.

The rising adoption of electric vehicles is acting as a catalyst, triggering sales of soft magnetic composites. This is because these composites find application in electric motors and power electronics.

Electric vehicles are the most eco-friendly since they do not emit harmful emissions. According to the International Energy Agency (IEA), between 2014 and 2015, around a 70% increase in the registration of electric vehicles was recorded, with over 550,000 vehicles being sold globally.

Soft magnetic materials play an important role in the manufacturing of motors for electric vehicles. Hence, growth in the adoption of electric vehicles will likely uplift demand for soft magnetic materials.

Soft magnetic composites have vast applications in magnetic sensors, such as for flat inductors, magneto-electronic components, etc. These sensors require thin SMC films, which are layered in structure. The increasing demand for magnetic sensors for security and automotive applications influences the supply-demand ratio in the SMC market.

Key Takeaways from the Report:

  • The global market for soft magnetic composites is projected to thrive at a 9.3% CAGR through 2033.
  • By material type, iron powder is set to hold a market share of 20.4% in 2023.
  • By application, the motors segment is set to account for a revenue share of 25.6% in 2023.
  • The United States market value is anticipated to total US$ 11,377.5 Million in 2033.
  • China is poised to witness a CAGR of 10.3% between 2023 and 2033.

“The soft magnetic composite market is predicted to expand around 2.4X through 2033, amid an 8.1% increase in expected CAGR compared to the historical one. This is due to the growing demand for electrical coils, motors, generators, transformers, inductors, and sensors,” – opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Who is Winning?

The soft magnetic composite market is fragmented, with leading players accounting for about 80% to 85% share. Some of the leading manufacturers of soft magnetic composites listed in the report are –

  • Hitachi Metals Ltd
  • PMG Holding GmbH
  • Höganäs AB
  • GKN plc., Höganäs AB
  • Sumitomo Metal Mining Co., Ltd.
  • VACUUMSCHMELZE GmbH & Co. KG,
  • Rio Tinto PLC
  • Toshiba Corp (Toshiba Materials Co.,)
  • Hengdian Group DMEGC Magnetics Co., Ltd.
  • Mitsubishi Materials Corporation
  • Ames Group Sintering SA
  • Steward Advanced Materials LLC
  • TOKUSHU KINZOKU EXCEL CO., LTD.
  • Fluxtrol Inc.
  • AIC Engineering Ltd.
  • ThyssenKrupp Electrical Steel India Private Limited
  • Dexter Magnetics
  • Ningbo Longjian Magnetic Industry Co., Ltd.
  • Munster Floor Screed

Key players are focusing on expanding their portfolios by launching novel products to meet growing end-user demand. They also implement strategies such as mergers, partnerships, facility expansions, distribution agreements, and collaborations to gain a competitive edge in the market.

Recent Developments:

  • In 2019, GKN Powder Metallurgy, a leading metal powder and component supplier, acquired Forecast 3D.

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Get More Valuable Insights into the Soft Magnetic Composite Market Report:

In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the soft magnetic composite market, providing historical data from 2018 to 2022 and forecast statistics for the period 2023 to 2033. The market is segmented based on material type, application, end-use, and regions to understand the global market potential, growth, and scope.

Soft Magnetic Composite Market Segmentation Analysis:

By Material:

  • Electrical Steel
  • Soft Ferrite
  • Iron Powder

By Type:

  • 1P
  • 3P
  • 5P

By Application:

  • Electrical Coils
  • Motors
  • Generators
  • Transformers
  • Inductors
  • Sensors
  • Others

By End-use:

  • Automotive
  • Industrial Machinery and Equipment
  • Consumer Goods
  • Power Generation
  • Others

By Region:

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

About the Chemicals and Materials Division at Future Market Insights (FMI)

The chemicals and materials division of Future Market Insights (FMI) offers a distinct and pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and nanotechnology in particular, with special emphasis on ‘green alternatives, recycling and renewable technology developments, and supply-demand-trade assessment. Our research studies serve as referencing market guidelines for chemical manufacturers, research institutions, channel partners, and government bodies for developing – ‘The Way Forward’.

About Future Market Insights (FMI)

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

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Future Market Insights Forecasts Exponential Growth: Vapour Barrier Market Set to Skyrocket, Projected Worth Reaches US$ 18,268.8 million by 2033

The vapour barrier market size is expected to reach a value of roughly US$ 18,268.8 million by 2033, according to Future Market Insights. The market is likely to be valued at around US$ 11,431.3 million in 2023. The global market is expected to increase at a 4.8% CAGR during the forecast period.

The market is expected to be driven by the rising demand for energy-efficient buildings, particularly in developed countries. In addition, increasing awareness about the benefits of vapour barriers in preventing moisture damage and improving indoor air quality is driving demand. Moreover, the growing construction industry in emerging economies is also expected to boost the demand for vapour barriers.

The vapour barrier industry also faces several restraints despite the growth prospects. One of the key restraints is the lack of awareness and knowledge about the benefits of vapour barriers in many regions, particularly in developing economies. In addition, the availability of low-cost alternatives is a challenge for the growth of the vapour barrier market.

There are several opportunities for players in the vapour barrier industry. The increasing demand for eco-friendly and sustainable building materials presents a significant growth opportunity. Additionally, the adoption of advanced technologies such as smart sensors and artificial intelligence in vapour barrier manufacturing and installation also presents an opportunity for growth.

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The vapour barrier industry is witnessing several latest trends that are shaping the industry’s future. One of the key trends in the adoption of green materials is vapour barrier manufacturing, as companies seek to reduce their carbon footprint. Another trend is the growing popularity of vapour barriers for retrofit applications, as building owners seek to improve energy efficiency and reduce operating costs.

The increasing use of vapour barriers in the industrial sector, particularly in the food and beverage and pharmaceutical industries, is expected to drive market growth in the coming years.

Key Takeaways from the Vapour Barrier Market:

  • In 2022, the United States held a 25.1% share of the global market for vapour barriers.
  • Through 2033, China’s demand for vapour barriers is anticipated to expand at a CAGR of 6%.
  • The demand for vapour barriers is increasing significantly in India with a CAGR of 6.3% during the predicted period.
  • Construction’s residential sub-segment held about 45.3% market share in 2022, dominating the sector.
  • Throughout the projected period, it has been predicted that the polymer segment might have a share of roughly 25%.
  • The market was dominated by the waterproofing domain in 2022 with a 15.4% share.

How Players are Revolutionizing the Industry with Their Unique Innovative Strategies?

The vapour barrier market is highly competitive, with several established players dominating the industry. The competition in the market is primarily based on factors such as product quality, price, and distribution network. The key players in the market include companies such as

  • Saint Gobain
  • The Dow Chemical Company
  • Sika AG
  • Bostik
  • Carlisle Companies
  • Soprema
  • 3M
  • DuPont de Nemours, Inc.
  • W. R. Meadows, Inc.
  • Johns Manville
  • Laticrete International Inc.
  • Knauf Insulation
  • Kingspan Group
  • Boral Limited
  • BASF SE
  • MITSUBISHI GAS CHEMICAL COMPANY, INC
  • GCP Applied Technologies Inc.
  • Kemper System Ltd.
  • The Sherwin-Williams Company
  • Weyerhaeuser Company

To maintain their market leadership, prominent companies are working on producing novel products that provide superior performance while being cost-effective. They are also investing in expanding their distribution networks to reach a large audience.

Companies are also focused on strategic alliances and cooperation with other market participants to increase their position. The adoption of green and sustainable construction methods is the most recent market trend.  This has resulted in the creation of environment-friendly vapour barriers constructed from recyclable materials and with a small carbon footprint.

Players in the market are focusing on the development of smart vapour barriers that can monitor and regulate humidity levels in buildings. This is expected to drive the demand for vapour barriers in the future.

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Key Developments in the Market:

  • In 2019, GAF introduced a new line of polyiso insulation and vapour barrier products that are designed to improve the energy efficiency of commercial buildings.
  • In 2020, Johns Manville announced the launch of its new line of Formaldehyde-free™ insulation and vapour barrier products. The new products are made from recycled materials and are designed to improve indoor air quality.
  • In 2021, DuPont announced the launch of its Tyvek® Fluid Applied WB+™ system, a vapour barrier solution that offers improved durability and reduced air leakage for commercial and residential construction projects.

Vapour Barrier Market Segmentation

By Material:

  • Glass
  • Sheet Metal
  • Polymer
    • Polyethylene
    • Rubber
    • Extruded Polystyrene
  • Membranes
  • Asphalt & Bitumen
  • Gypsum Board
  • Drywall/Board Lumber
  • Plywood
  • Concrete/Brick

By Type:

  • Membranes
  • Sheet
  • Fluid
  • Peel & Stick
  • Films
  • Coatings
  • Liquid
  • Aerosol/Spray Based
  • Cementitious Water Proofing
  • Stacking & Filling

By Application:

  • Corrosion Resistance
  • Insulation
    • Air Insulation
    • Sound Insulation
    • Thermal Insulation
  • Water Proofing
    • Grade 1
    • Grade 2
    • Grade 3
  • Material Packaging & Stacking
  • Microbial & Fungal Resistance

By End Use:

  • Construction
    • Residential Buildings
    • Commercial Buildings
    • Industrial Facilities
    • Car parks & Underground Basements
  • Packaging
  • Automotive

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Air Barrier Market to Surpass US$ 23,136.2 Million Mark by 2029, Fueled by Sustainable Spray Foam Adoption and Regulatory Compliance in Construction Sector

A recent research study of Future Market Insights (FMI) suggests that the overall growth of the market for air barriers will be moderate during the period of forecast, 2022 – 2029. Witnessing the industry’s much-anticipated shift from the traditionally preferred gypsum board to sustainably superior spray foam, the global air barrier market value will exceed US$ 16,932.8 Million by 2022 end.

Increasing installations of insulation systems are particularly driving the demand for air barriers in the residential building sector. However, the demand will also see a considerable rise in the commercial and industrial sectors in the following years. This demand growth is attributed to the increasing stringency of regulations and industrial building codes of conduct, says the report.

Demand for air barriers has been growing at a stable pace over the past decade, due to stringent norms compelling manufacturers to build energy-efficient walls. To sustain and strengthen their market share in the air barrier market, players have started focusing on the development of novel techniques and methods that are efficient, effective, and offer additional functionalities.

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Key Takeaways – Air Barrier Market Study

  • Increasing stringent building codes & energy regulations are expected to have a positive impact on the long-term growth of the air barrier market.
  • Energy resources are limited; every unit saved is equivalent to each unit produced, and this is where the role of efficient insulation materials comes into play.
  • Several manufacturers of spray foam insulation have developed environmentally sensitive, innovative solutions that reduce carbon footprint. Spray foam insulation is produced using non-HCFC gas as the foaming agent.
    • For instance, Icynene offers a 100% water-blown spray foam solution, i.e. without any synthetic blowing agents or ozone-depleting substances, hence, minimizing overall global warming potential (GWP).
  • The market for eco-friendly and natural air barriers is anticipated to remain highly attractive during the forecast period. Insulation materials such as cellulose and fiberglass are preferred, owing to their higher recycled content and superior eco-friendly nature.

The market Landscape Remains Fairly Consolidated

The global air barrier market is a fairly consolidated competition landscape, with a limited number of players dominating nearly the entire air barrier manufacturing and supply scenario. High price points associated with raw materials, high manufacturing costs, and established foothold of existing manufacturing companies would continue to pose major challenges in front of potential new entrants in the global air barrier market.

Smaller players operating in the air barrier landscape, on the other side, will continue to invest in organic growth strategies such as acquisitions, collaborations, and joint ventures. One of the globally leading players in the air barrier market that have been profiled in the report includes Owens Corning which currently accounts for more than 18% of the total market share.

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Air Barrier Markey by Category

By Product Type :

  • Gypsum Board
  • Drywall
  • Plywood
  • OSB (Oriented Strand Board)
  • Spray Foam
  • Fiberglass/Rockwool
  • Cellulose
  • Others

By Type :

  • Membranes
  • Coatings
  • Stacking & Filling

By Site :

  • External
  • Internal

By Application :

  • Corrosion Resistance
  • Insulation
  • Material Packaging & Stacking
  • Microbial & Fungal Resistance

By End Use :

  • Residential Buildings
  • Commercial Buildings
  • Industrial Facilities
  • Car Parks & Underground Basements
  • Military Buildings & Bunkers
  • Green Houses
  • Metal Buildings

About Future Market Insights (FMI)

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

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Rising Demand for High-Performance Lubricants Propels Global Viscosity Index Improvers Market, Future Market Insights (FMI) Forecasts Sales to Surge to US$ 4,699.3 Million by 2029

Future Market Insights (FMI) has forecasted the Viscosity Index Improvers market size to grow with a year-on-year growth of 2.5% in 2022 reaching a value of about US$ 3,836.5 Million by 2022 end. The global business is anticipated to witness a considerable CAGR of 2.9% during the period of 2022 and 2029.

Increasing demand for high-performance lubricants with optimum viscosity has been a vital factor pushing consumption of viscosity index improvers. Although the global market for viscosity index improvers has been projected to exceed the US$ 4,699.3 Million mark by 2029 end, the overall growth outlook would remain sluggish.

Consistently soaring consumption of vehicle lubricants such as engine oil, transmission fluids, and break oil by OEMs and aftermarket operators will continue to significantly contribute to the growth of the viscosity index improvers market.

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Viscosity Index Improvers Market​ Key Takeaways

  • The demand for lubricants is estimated to reach 40 Mn Tons by the end of 2022.
  • The penetration of high-performance lubricants in automotive as well as industrial sectors is increasing with a growing focus on lubrication for the performance efficiency of industrial machinery and automotive components.
  • Increasing labeling initiatives have propelled the demand for ISO-grade viscosity lubricants. High-quality lubricants have optimum viscosity, offer corrosion protection, and ensure oxidative stability.
  • Major companies are focused on the development of bio-preferred or bio-based products, which are compliant with the changing regulatory scenario. For instance, Croda International Plc is developing ester-based viscosity index improvers, which are bio-preferred.
  • High regulatory standards laid down by organizations such as NHTSA & EPA, and growing emphasis on fuel economy have made the usage of viscosity index improvers crucial.
  • Viscosity index improvers are commonly used in multi-grade engine oils. Increased adoption of high-performance engines has boosted the demand for high-quality engine oils with appropriate viscosity, which in turn, is positively impacting the growth of the viscosity index improvers market.
  • Other industries such as marine, railways, energy & power generation/transmission equipment are also increasing the demand for high-quality lubricants, thus propelling the growth of the viscosity index improvers market.

The viscosity index improvers market is witnessing a paradigm shift in terms of innovation and manufacturing, from traditional synthetic products to bio-based or bio-preferred products that are in compliance with the regulatory framework. This transition, along with production cost optimization, will drive substantial demand for the product in automotive as well as non-automotive applications.

Viscosity Index Improvers Market: Competition Landscape

Leading market players are strategically engaging in the development of close working relations with lubricant manufacturers to ensure long-term supply contracts.

Key Companies Profiled

  1. The Lubrizol Corporation
  2. Infineum International Limited
  3. Chevron Oronite Company LLC
  4. Evonik Industries AG
  5. Afton Chemical Corporation
  6. BASF SE
  7. Sanyo Chemical Industries
  8. Croda International Plc
  9. Lanxess AG
  10. Mitsui Chemicals, Inc.
  11. Shenyang Great Wall Lubricating Oil Manufacturing Co., Ltd.
  12. BRB (Petronas)
  13. BPT Chemicals
  14. Nanjing Runyou Chemical Industry Additive Co., Ltd.
  15. Jilin Xingyun Chemical Co., Ltd.
  16. Jinzhou Kangtai Lubricant Additives Co., Ltd.
  17. Paras Lubricants Ltd.
  18. Versalis S.p.A.

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Changing Regulatory Scenario Encourages Advancements in Lubrication Technology

The demand for viscosity index improvers is directly proportional to the production rate of lubricants. Changing regulatory scenarios and imposition of emission standards have led to the development of high-quality lubricants, which has increased the penetration of lubricant additives such as viscosity index improvers. Development of new customized product variants for target applications along with existing products gives a competitive edge to manufacturers.

Viscosity Index Improvers Market By Category

By Product Type:

  • Polymethacrylate (PMA)
  • Ethylene Propylene Copolymer (OCP)
  • Hydrostyrene Diene Copolymer (HSD)
  • Polyisobutylene (PIB)
  • Others

By Application:

  • Vehicle Lubricants
  • Industrial Lubricants
  • Transmission Fluids

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Industrial Surge and Automotive Boom Propel Vulcanization Accelerators Market: FMI’s Projections Point Towards a Lucrative US$ 2,301.6 Million Market by 2029

Future Market Insights (FMI) has forecasted the Vulcanization Accelerators market size to grow with a year-on-year growth of 3.8% in 2022 reaching a value of about US$ 1,708.1 Million by 2022 end. The global business is anticipated to witness a considerable CAGR of 4.3% during the period of 2022 and 2029.

The latest study published by Future Market Insights (FMI) on the Vulcanization Accelerators Market incorporates the global industry analysis for 2014 – 2021 and market opportunity assessment for the forecast period of 2022 – 2029. The market study divulges decisive insights and offers exhaustive market analysis for the historical as well as forecast periods. As per the market assessment in the report, the global vulcanization accelerators market is estimated to witness substantial growth due to growing demand from the tire industry.

Apart from tires, rubber is also used in other automotive parts such as wiper blades, engine mounts, seals, hoses, and belts. Growing automotive production will elevate the manufacturing of automotive rubber parts and components. Thus, increasing the consumption vulcanization accelerators.

Rubber is used extensively in industrial products such as rubber belts, rubber buckets, rubber pads, rubber lining, rubber rollers, and rubber mats, among various other products. Apart from these, rubber finds key application in the manufacturing of medical products such as condoms, surgical gloves, stoppers, tubes, cushioning or supporting materials, breathing bags, implants, prosthetics and catheters, etc. Thus, growing rubber consumption in medical and industrial sectors is estimated to surge the demand for vulcanization accelerators.

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Key Companies Profiled

  1. Lanxess AG
  2. NOCIL LIMITED
  3. Sumitomo Chemical Co., Ltd.
  4. Arkema
  5. Eastman Chemical Corporation
  6. KUMHO PETROCHEMICAL
  7. Emerald Performance Materials
  8. King Industries, Inc.
  9. Duslo, a.s
  10. Jing Xian Yuelong Metal Rubber Products Co., Ltd.
  11. Willing New Materials Technology Co., Ltd.
  12. Shandong Stair Chemical & Technology Co., Ltd.
  13. Shandong Yanggu Huatai Chemical Co., Ltd.
  14. Kemai Chemical Co., Ltd.

East Asia to Represent Significant Opportunities for Manufacturers

Japan and China are few of the leading tire manufacturing countries. China is assessed to be a prominent tire producer. Presence of companies such as Yokohama Rubber Company and Bridgestone Corporation, makes Japan a substantial tire manufacturing country. In addition, China’s auto industry has witnessed significant growth in the recent years, leading to subsequent increase in the tire production. However, fluctuating raw material prices due to trade wars and oversupply of materials are affecting local manufacturers.

Besides, imposition of stringent regulations on tire exports from European countries and the U.S is expected to create further problems for tire manufacturers. However, East Asia is estimated to be a prominent market for vulcanization accelerators, due to increasing sales of passenger and commercial vehicles and rising demand for replacement tires.

Increasing population, improved standards of living, and increasing electric vehicle production will upsurge the demand for tires in East Asia, which will positively influence the growth of the vulcanization accelerators market. Further, increased emphasis on high quality medical and industrial rubber products is expected to propel the demand for vulcanization accelerators in the region.

Thiazoles and Sulfonamides Remain Prominent Product Choices

The global vulcanization accelerators market has been categorized on the basis of product and application, along with regions.

  • Based on product, primary accelerators – thiazoles and sulfonamides, are projected to remain prominent product choices in the upcoming years, and are expected to hold a significant share in the global vulcanization accelerators market throughout the forecast period.
  • Although adoption in the automotive industry continues to account for relatively high sales, growing application in the industrial sector is likely to result in increased market share. Growing tire production and replacement activities as well as automotive industry growth are estimated to augment the vulcanization accelerators market growth.

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Vulcanization Accelerators Market: Manufacturer Insights

According to the FMI analysis, the global vulcanization accelerators market is moderately consolidated with global and regional players playing key roles. The global vulcanization accelerators market report shades light on few of the key industry players in the global market. Some of the examples of key players in the market are Lanxess AG, Arkema, Eastman Chemical Company, Sumitomo Chemical Co., Ltd., NOCIL Limited, and Kumho Petrochemical, among others.

FMI study finds that the automotive industry slowdown in the past few months has changed the situation. However, government initiatives, tax cuts, and subsidies will continue to drive the growth of the automotive sector, and subsequently of the vulcanization accelerators market. Also, the increasing demand for vulcanized rubber in the manufacturing of industrial & medical rubber goods is expected to raise the demand for vulcanization accelerators.

Vulcanization Accelerators Market By Category

By Product Type:

  • Thiozoles
  • Sulfanamides
  • Dithiocarbamates
  • Thiuram
  • Others

By Application:

  • Automotive
  • Industrial
  • Medical
  • Consumer Goods

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube