Global Calprotectin Testing Devices Market is expected to achieve a valuation of US$ 360.2 Billion by 2033 | FMI

The global calprotectin testing market demand is set to experience remarkable growth, with anticipated demand reaching a valuation of US$ 201.1 billion in 2023 and projected to surge to US$ 360.2 billion by 2033. This substantial growth is attributed to a robust compound annual growth rate (CAGR) of 6% during the forecast period.

Calprotectin testing has emerged as a critical diagnostic tool, gaining significant traction in the healthcare sector. The increasing prevalence of gastrointestinal disorders, coupled with a rising awareness of the importance of early detection, has fueled the demand for calprotectin testing worldwide.

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The robust growth in the calprotectin testing market can be attributed to advancements in diagnostic technologies, increased research and development activities, and a growing emphasis on preventive healthcare measures. As healthcare providers and consumers alike recognize the value of early detection and diagnosis, calprotectin testing is poised to play a pivotal role in shaping the future of diagnostic healthcare.

Commenting on this trend, Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) stated, “The substantial growth projections for the global calprotectin testing industry underscore the importance of innovative diagnostic solutions in the healthcare landscape. As we witness an increased focus on preventive healthcare, calprotectin testing is positioned to be a key player in early detection and monitoring of gastrointestinal disorders. Our commitment to advancing healthcare technologies aligns with the growing demand for reliable and efficient diagnostic tools, and we are excited to contribute to the transformative journey of the calprotectin testing industry.”

As a leading player in the healthcare industry, FMI remains at the forefront of innovation, continually striving to meet the evolving needs of healthcare professionals and patients. The company’s dedication to research and development, coupled with a commitment to quality, positions it as a key contributor to the remarkable growth anticipated in the global calprotectin testing market.

Recent Trends in the Global Calprotectin Testing Market:

The several notable trends in the global market are as follows:

  • There is rising demand for non-invasive diagnostic devices by healthcare providers and patients to produce quick and accurate results.
  • The prevalence of inflammatory bowel disease is growing rapidly. Therefore, the demand for calprotectin testing is increasing to monitor patients’ chronic health.
  • The innovation of advanced technology devices is more reliable and tract patients’ health accurately.
  • Adopting automation in calprotectin testing reduces error risk, detects efficiently, and increases productivity.

Key Takeaways:

  • The calprotectin testing market is securing a valuation of US$ 360.2 billion with a CAGR of 6% by 2033.
  • The United States is anticipated to lead the global market by registering a share of 25.7% by 2033.
  • Japan is anticipated to register a share of 3.1% in the global market during the forecast period.
  • In the historic period, the market captured a CAGR of 5.3% between 2018 and 2022.

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Key Players are Executing Plans to Rise the Market Size:

The key players are executing various plans to upsurge the global market are:

  • New Product Launches: key players are developing user-friendly, sustainable, and accurate testing devices in the market. They are launching these testing tools to satisfy patients’ requirements.
  • Collaboration:Key companies collaborate with stakeholders, research organizations, and hospitals to enhance product quality. These collaborations help them to reach relevant customers and increase sales.
  • Promotions and Marketing:Key players invest in promotional and marketing to expand their business and brand value. They promote their products on social media and educate patients about the benefits of their products.

These are a few strategies key players adopt to increase the market size:

  • Actim Oy
  • Calpro AS
  • BÜHLMANN Laboratories AG
  • EagleBio
  • CerTest Biotec S.L.
  • EUROIMMUN Medizinische Labordiagnostika AG
  • Boditech Med Inc.
  • Biohit Oyj
  • American Laboratory Products Company, Ltd.
  • DIAsource ImmunoAssays S.A
  • R-Biopharm AG.

Recent Developments in the Global Market are:

  • In 2020, Biohit Oyj launched its new product Calprotectin ELISA kit. It is designed to collect human samples to monitor inflammatory bowel disease.
  • In 2021, Techlab Inc launched Enteric BioFire FilmArray Panel to detect gastrointestinal infections.
  • In 2021, EKF Diagnostics launched its point-of-care device to measure calprotectin. This device provides accurate and fast results to monitor patients’ diseases.

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Calprotectin Testing Market by Category:

By Test Kits:

  • Calprotectin ELISA Test Kits
  • Calprotectin Rapid Testing Kits

By Sample:

  • Stool, Blood Serum/Plasma
  • Other Biological Samples

By Indication:

  • Irritable Bowel Syndrome
  • Ulcerative Colitis
  • Crohn’s Disease
  • Colorectal Cancer

By End User:

  • Hospitals
  • Diagnostic Laboratories
  • Specialty Clinics

Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 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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Garment Steamer Market Set to Reach US$ 3,594.9 Million by 2033: Trends and Growth Forecast

Garment Steamer Market
Garment Steamer Market

According to the latest data from Future Market Insights (FMI), the global garment steamer market is valued at USD 2,043.3 million in 2023 and is forecasted to achieve USD 3,594.9 million by 2033, with a compound annual growth rate (CAGR) of 5.8% from 2023 to 2033. The garment steamer market represents 30% to 35% of the fabric care appliances market, its parent market.

The growth of the global garment steamer market is propelled by rising innovation and consequent consumer adoption of garment steamers. Increased household income and a higher growth rate among the working-class population are driving a surge in demand for linen care appliances, contributing to the market’s expansion.

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Manufacturers of garment steamer are increasingly inclined to diversify into the market to increase their presence through various product launches. For instance, Groupe SEB introduced the Rowenta IXEO QR1020 in 2018. In spite of certain shops destocking their inventories, the company saw a rise in the demand for garment steamer in 2019.

To give all customers access to distinctive or high-quality products, the premiumization trend is bridging the gap between luxury and mass markets. Additionally, the Premiumization of the target product is providing profitable prospects for numerous companies to capitalize on, strengthening their market position.

Utilizing only materials that are 100% environmentally friendly, businesses are innovating their products. Companies are being encouraged to introduce new products to the market by the rising demand for eco-aware products in several countries. Customers have found these eco-friendly products to be appealing. Manufacturers are increasingly using eco-conscious materials in their products as opposed to traditional ones.

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Key Takeaways from the Garment Steamer Market Study

  • Handheld/portable is anticipated to expand at the quickest rate, with a CAGR of 6.6% during the forecast period.
  • The US holds a noteworthy value share of 75.2% in North America owing to the high penetration of key players in the region.
  • India is a key market in South Asia and estimated to account for a value share of 33.7% owing to the higher spending on premium products in the country.
  • Germany is expected to account for over 19.9% of market share in Europe through 2023. Germany is one of the most important market for garment steamer along with the high penetration of key players in the region.

“For manufacturers, developing new products has taken the top spot. Automation in manufacturing boosts productivity and lowers costs. The most important success factor for businesses continues to be innovation in product material and design”, Says an FMI analyst.

Who is winning?

Leading manufacturers of garment steamer are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth globally.

Leading players operating in the global garment steamer market are

  • Groupe SEB
  • Conair Corporation
  • Pure Enrichment Company
  • BLACK+DECKER Inc.
  • Reliable Corporation
  • 4VOO
  • Koninklijke Philips N.V.
  • Electrolux AB
  • Panasonic Corp.
  • Hamilton Beach Brands Holding Company
  • Spectrum Brands
  • AICOK
  • Others

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Global Garment Steamer Market by Category

By Product Type:

  • Handheld/Portable
  • Upright/Non-Portable

By End Use:

  • Household/Residential
  • Commercial

By Power:

  • Below 750 Watt
  • 750-1000 Watt
  • 1000-1500 Watt
  • 1500-2500 Watt
  • 2500 Watt & above

By Water Tank Capacity:

  • Below 500 ml
  • 500-1 Litre
  • 1-2 Litre
  • 2-3 Litre
  • 3-4 Litre
  • 4 Litre & above

By Material:

  • Plastic
  • Metal
  • Antilock Braking System (ABS)
  • Aluminium
  • Stainless Steal
  • Cast Iron
  • Ceramic

By Sales Channel:

  • Direct
  • Indirect
    • Hypermarket/Supermarket
    • Multi-Brand Stores
    • Exclusive Store
    • Independent Stores
    • Online Retailers
    • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

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  

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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Global Facial Erythema Treatment Market Expected to Reach US$299 Million by 2032, Driven by Growing Demand for Effective Solutions

Global Facial Erythema Treatment Market
Global Facial Erythema Treatment Market

The global facial erythema treatment market is poised for significant growth, reaching an estimated US$299 million by 2032, according to a recent market analysis. This represents a substantial increase from US$173.3 million in 2022, translating to a Compound Annual Growth Rate (CAGR) of 5.1%.

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Global Facial Erythema Treatment Market Growth Fueled by Diverse Treatment Options

The facial erythema treatment market is witnessing a surge due to the rising prevalence of conditions causing facial redness and the demand for effective solutions. Facial erythema, characterized by persistent redness and inflammation, can be triggered by various factors like rosacea, lupus, sunburn, and certain medical conditions. This widespread concern drives individuals to seek ways to manage and reduce redness, propelling the demand for advanced treatment methods.

The market offers a diverse range of treatment options to cater to this growing demand. Topical medications, oral antibiotics, laser therapies, and minimally invasive procedures have become popular approaches for managing facial erythema. Additionally, advancements in medical technology pave the way for innovative solutions like:

  • Intense Pulsed Light (IPL) Therapy: Targets the underlying blood vessels causing redness.
  • Vascular Laser Treatments: Offer precise and effective results.

Key Takeaways Global Facial Erythema Treatment Market:

  • Definition of Facial Erythema: Facial erythema refers to the redness of the skin on the face, which can be caused by various factors such as rosacea, sunburn, allergic reactions, or certain medical conditions.
  • Market Growth: The market for facial erythema treatment has been growing due to the increasing prevalence of skin conditions like rosacea, which is a chronic inflammatory disorder characterized by facial erythema and other symptoms.
  • Diverse Treatment Approaches: The market encompasses a range of treatment approaches, including topical creams, oral medications, laser therapy, and other medical procedures. The choice of treatment depends on the underlying cause and severity of the facial erythema.
  • Topical Creams and Medications: Topical treatments, such as creams and gels, are commonly prescribed to reduce redness and inflammation. These may include antibiotics, anti-inflammatory agents, and other medications to manage symptoms.
  • Laser and Light Therapies: Laser and light-based therapies have gained popularity for treating facial erythema. Intense pulsed light (IPL) and laser treatments can target blood vessels causing the redness and reduce their appearance.
  • Pharmaceutical Companies: Pharmaceutical companies have been actively developing and marketing products specifically designed to address facial erythema. These products may include both prescription and over-the-counter options.
  • Patient Education: As with any medical condition, patient education is crucial. Awareness campaigns and educational materials help individuals understand the causes, triggers, and available treatments for facial erythema.
  • Rising Demand for Aesthetics: The growing demand for aesthetic procedures has contributed to the expansion of the facial erythema treatment market. Individuals seeking to improve their skin’s appearance are driving the demand for effective solutions.

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Global Facial Erythema Treatment Market Key companies profiled:

  • Novartis International AG
  • Regeneron Pharmaceuticals Inc.
  • Sanofi S.A.
  • Valeant Pharmaceuticals International Inc.
  • Bausch Health Companies Inc.
  • GlaxoSmithKline plc
  • Merck & Co. Inc.
  • Enzon Pharmaceuticals

Key Segments Profiled in the Global Facial Erythema Treatment Market Survey:

By Drug Type:

  • Emollients
  • Antihistamines
  • Antifungal
  • Antibiotics
  • Corticosteroids
  • Calcineurin Inhibitors

By Disease Type:

  • Erythematotelangiectatic (ETR)
  • Papulopustular (PPR)
  • Phymatous
  • Ocular

By Distribution Channel:

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies

By Region:

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

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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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Male Color Cosmetics Market Poised to Advance at a 9.4% CAGR by 2033: Growth Projections and Trends

Male Color Cosmetics Market
Male Color Cosmetics Market

In 2023, the male color cosmetics market is estimated to be worth US$ 17.57 billion, with projections indicating a growth to US$ 43 billion by 2033. Over the forecast period, the adoption of male color cosmetics is expected to progress at a compound annual growth rate (CAGR) of 9.4%.

In addition to women, men are progressively incorporating cosmetics into their daily routines, contributing to the growing demand in the global male color cosmetics market, which currently holds a 4%-8% share in the overall cosmetics market. Future Market Insights anticipates conducting a comprehensive comparison and review analysis of the male color cosmetics market dynamics, influenced by various industry factors and specific perspectives supporting innovation within the sector.

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Male consumers are seeking products that not only provide cosmetic coverage but also offer skincare benefits. This fusion has led to the development of multifunctional items like those that BB creams infused with moisturizing and anti-aging properties, catering to men’s grooming needs holistically. Sustainability is a pivotal avenue for growth. Environmentally conscious male consumers are demanding eco-friendly packaging and clean formulations, creating an opening for brands to align with these values and differentiate themselves in the market.

Key Takeaways from the Male Color Cosmetics Market Study

  • As per FMI, the United States is spearheading the growth across North America, registering CAGR of 9.3% by 2023.
  • Sales of male color cosmetics are expected to surge at 9.1% CAGR across China through 2023.
  • Germany is expected to surge at a CAGR of 9.2% during the forecast period.
  • Anticipated for the year 2023, facial products are projected to constitute approximately 41% of the overall worldwide market share.

“The market for male color cosmetics, previously considered niche, is now thriving and prospering, promising a vibrant future of inclusive self-expression”, remarks an analyst at FMI.

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How Key Players are Revolutionizing the Male Color Cosmetics Market?

In a groundbreaking shift, key players are catalyzing a dynamic revolution within the global male color cosmetics market. No longer confined by traditional beauty norms, these innovators are dismantling stereotypes and empowering men to embrace self-expression unabashedly. Through strategic branding, tailored product lines, and targeted marketing campaigns, these key players are erasing stigmas and tapping into the burgeoning demand for male-oriented beauty products. By formulating products that cater to men’s unique skincare needs and preferences, they are seamlessly integrating masculinity with makeup.

These industry leaders are championing inclusivity and diversity, displaying a wide spectrum of male identities and skin tones. Collaborations with male celebrities and influencers further solidify their influence, disseminating the message that makeup knows no gender. By normalizing makeup as a tool for all genders, key players are not just transforming the male color cosmetics market; they are reshaping societal paradigms and ushering in a new era of self-assured authenticity. This evolution is not just about makeup; it is about fostering confidence, breaking barriers, and celebrating individuality on a global scale.

Key Players

  • L’Oreal
  • Estee Lauder Companies
  • Chanel
  • Menaji Worldwide LLC
  • Mens MakeUp
  • 4VOO
  • Glossier Inc.
  • Guerlain
  • War Paint
  • Koh Gen Do
  • Hourglass
  • Formen Inc.

Product Portfolio

  • Chanel’s product portfolio emanates timeless elegance. From iconic fragrances to haute couture fashion, their offerings epitomize luxury and sophistication, captivating discerning individuals worldwide.
  • Menaji Worldwide, LLC curates a range of high-performance men’s grooming solutions. Specializing in skincare and cosmetics, their portfolio empowers modern men to achieve flawless appearances effortlessly, reflecting confidence and refinement.
  • Men’s Makeup’s portfolio redefines men’s beauty. With a diverse array of makeup products, they celebrate individuality and self-expression. Their range enables men to amplify their style and embrace their unique identity boldly.

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Market Segmentation

By Product:

  • Lip Products
  • Face Products
    • BB Creams
    • CC Creams
    • Concealers
    • Blotting Powders
    • Beard Color Sticks/Pens
    • Face Foundations
  • Eye Products
    • Under Eye Concealers
    • Kohl
    • Eyeliners
    • Eyebrow Pencils
  • Other Products

By End User:

  • Individual Products
  • Commercial Products

By Nature:

  • Natural/Organic Color Cosmetics
  • Synthetic Color Cosmetics

By Price Range:

  • Premium Color Cosmetics
  • Mass Color Cosmetics

By Sales Channel:

  • Hypermarkets/Supermarkets
  • Speciality Stores
  • Drug Stores
  • Online Retail
  • Department Stores
  • Beauty Stores
  • Multi-brand Stores
  • Direct Sales

By Region:

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

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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MEMS Microdisplay Market Poised for Remarkable Growth, Predicted to Reach US$ 16.7 Billion by 2032

The global MEMS microdisplay market is projected to reach US$ 16,761.0 million in 2032. The MEMS microdisplay market is growing swiftly. According to FMI Analysts, the market for MEMS microdisplays is predicted to reach US$ 2,836.0 Million in 2022 and grow at a CAGR of 19.4% from 2022 to 2032.

High-resolution screens called MEMS (Microelectromechanical Systems) microdisplays are employed in magnified display systems. Because of their size, they are utilized in conjunction with augmenting optics. Two straightforward uses for microdisplays include projection and near-eye displays.

OLED displays have surpassed LCD and LCoS display technologies and are in high demand in the microdisplay market due to their advantages and extra capabilities. Demand for microdisplay technology has increased as a result of the introduction of wearable technology, head-up displays (HUDs), smart glasses, and head-mounted displays (HMDs).

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In near-to-eye application devices like HMDs, camcorder viewfinders, video phones, and digital camera viewfinders, there is currently an increase in demand for microdisplays. Innovative uses of MEMS microdisplay technology are prevalent in industries like aerospace, military & defense, medicine, and industry, which has expanded the market for microdisplays.

MEMS Microdisplay Market: Market Dynamics

Increased use of microdisplays in various industries such as military and aerospace and the existence of many players have created high demand in MEMS microdisplay market Lack of acceptance of MEMS microdisplay products due to the shorter shelf life of LCoS is a restraining factor for MEMS microdisplay market Growing number of near-to-eye applications is the latest trend in the MEMS microdisplay market

Competition Landscape:

Few prominent players in MEMS Microdisplay market includeTexas Instruments, Iron City Micro Display, MicroVision Inc, Cardiocomm Solutions, Casio America, Inc., Cellnovo Limited, Covidien plc, EM Microelectronic-Marin SA, Jawbone Inc. and STMicroelectronics N.V. etc.

MEMS Microdisplay Market: Regional Outlook

North America is projected to hold the largest share in the MEMS Microdisplay market and is estimated to be in the leading position owing to the continuous advancement in MEMS-based DMDs (digital micromirror device) that is creating opportunities to integrate projection-based display technology across various applications. Europe and Asia Pacific are estimated to contribute significantly over the forecast period.

Leading Key Players:

  • Texas Instruments
  • Iron City Micro Display
  • MicroVision Inc
  • Cardiocomm Solutions
  • Casio America, Inc.
  • Cellnovo Limited
  • Covidien plc
  • EM Microelectronic-Marin SA
  • Jawbone Inc.
  • STMicroelectronics N.V

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MEMS Microdisplay Market Segmentation:

By application:

  • Near-to-Eye
  • Projection

By material:

  • Chemicals & gases
  • Photomasks
  • Glass wafers
  • SOI wafers
  • Si Wafers

By display technologies:

  • OLED (Organic Light Emitting Diode)
  • LCD (Liquid Crystal Display)
  • LCoS (Liquid Crystal on Silicon)
  • DLP (Digital Light Processing)
  • MEMS (Microelectromechanical Systems)

By Region:

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

About Future Market Insights (FMI):

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

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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India Industrial Lubricants Market Sales Projected to Rise at 4.0% CAGR by 2033

According to Future Market Insights (FMI), india industrial lubricants market size is expected to increase from US$ 1,954.2 million in 2023 to US$ 2,907.2 million by 2033. Over the next decade (2023 to 2033), sales of industrial lubricants in India are projected to rise at 4.0% CAGR.

Rapid penetration of industrialization along with growing focus on protecting heavy machinery from wear and tear is a key factor driving India market.

Similarly, escalating demand for high-performance lubricants is acting as a catalyst triggering growth in the India industrial lubricants industry.

High-performance lubricants are outperforming conventional lubricants with increasing frequency owing to their numerous advantages. These advantages consist of improved wear resistance, elevated energy effectiveness, prolonged equipment life, and reduced maintenance costs.

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Changing preference towards high-performance lubricants is affected by an array of variables. This includes the increased demand for high-tech lubricants that can fulfill the needs of contemporary machinery and equipment.

Industrial users are becoming more aware of the benefits of utilizing high-performance lubricants. As a result, demand for high-performance lubricants is expected to rise steadily in the India market.

The penetration of Industry 4.0 and automation technologies is also raising the demand for lubricants that can perform better and provide enhanced safety in demanding operational environments. This will further boost India market.

Lubricant manufacturers are investing in research and development to create novel high-performance lubricants capable of satisfying the demands of industrial users. This includes the development of synthetic lubricants, which exhibit superior performance in comparison to conventional mineral oil-based lubricants.

Owing to this, the trend towards high-performance lubricants is expected to persist in the coming years due to the imperative of achieving enhanced performance and efficiency in industrial machinery and equipment.

India’s focus on infrastructure development, including roads, railways, airports, and smart cities, is generating high demand for construction and heavy machinery. This will result in increasing consumption of lubricants for the maintenance and efficient operation of such equipment.

Key Takeaways from the India Industrial Lubricants Market Study

  • India industrial lubricants market is estimated to reach US$ 1,954.2 million in 2023.
  • From 2023 to 2033, industrial lubricant sales in India market are expected to soar at 0% CAGR.
  • By 2033, India industrial lubricants industry is projected to reach US$ 2,902.7 million by 2033.
  • By base oil, mineral oil segment is expected to thrive at a CAGR of 7% from 2023 to 2033.
  • By product type, hydraulic fluids segment is estimated to create an incremental $ opportunity of about US$ 322.8 million through 2033.
  • By end use, power generation segment is forecast to total a valuation of US$ 612.5 million by 2033.
  • West India is estimated to hold a dominant market value share of 0% in 2023.

“High-performance lubricants are now being produced because of the advancement of lubricant manufacturing technologies. During the forecast period, the industrial lubricants market will have plenty of space due to nimble growth opportunities for high-performance lubricants to prosper.” – says a lead analyst at FMI

Who is Winning?

The Industrial Lubricants market is expected to be dominated by a few key players, leading to a fragmented market landscape. In the industry, top industrial lubricant manufacturers such as Indian Oil Corporation Limited, Hindustan Petroleum Corporation Limited, Castrol Oil, Bharat Petroleum Corporation Limited, and Shell Plc. hold significant market shares. These manufacturers are profiled in detail in the comprehensive version of the report.

To strengthen their market position and expand their product portfolios, industrial lubricant manufacturers have been engaging in strategic partnerships, collaborations, and acquisitions. These activities allow companies to access new technologies, enhance their production capabilities, and enter new geographical markets.

Industrial Lubricants manufacturers also are expanding their geographic presence to tap into new markets and leverage the growth opportunities offered by emerging economies. This includes launching new products, strengthening distribution networks, opening regional offices, and forming partnerships with local players.

Recent developments:

  • In December 2022, FuelBuddy partnered with Indian Oil Corporation Ltd. for the marketing of industrial and automotive lubricant, SERVO, PAN India.

More Insights into the India Industrial Lubricants Market Report

In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the India industrial lubricants market, providing historical data from 2018 to 2022 and forecast statistics for the period 2023 to 2033. To understand the market potential, growth, and scope, the market is segmented based on product type, base oil, end use, and region.

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India Industrial Lubricants Market Segmentation

By Product Type:

  • Hydraulic Fluids
  • Metalworking Fluids
  • Gear Oil
  • Compressor Oil
  • Grease
  • Turbine Oil
  • Transformer Oil
  • Refrigeration Oil
  • Textile Machinery Lubricants
  • Others

By Base Oil:

  • Mineral Oil
  • Synthetic Oil
  • Bio-Based Oil

By End Use:

  • Construction
  • Metal and Mining
  • Cement Production
  • Power Generation
  • Automotive
  • Chemical Production
  • Oil and Gas
  • Textile Manufacturing
  • Food Processing
  • Agriculture
  • Pulp and Paper
  • Marine Applications
  • Others

By Region:

  • North India
  • South India
  • East India
  • West India

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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The veggie chip market offers a crispy opportunity, driven by rising consumer demand for healthy and convenient snack options

Veggie Chips market
Veggie Chips market

During the projected period, Veggie Chips market is expected to grow at a CAGR of 6.2%. The market value is projected to increase from US$ 12.5 from US$ 22.8 billion in 2033 to US$ billion in 2023.

As per the most recent research conducted by Future Market Insights, there is a projected continuous increase in the vegetable chip industry between 2023 and 2033. Globally, consumers are attempting to switch to ready-to-eat, healthy foods like veggie chips that help satisfy hunger. As a result, expanding consumer preferences for snacking and ready-to-eat food products are driving growth in the global veggie chip market.

As more consumers become health-conscious, chip manufacturers must either improve their manufacturing processes or incorporate healthier chemicals. The rising need for low-calorie chips will be one of the main drivers of this product’s demand in the upcoming years. To satisfy consumer demand, chip makers need to focus on reducing fat content, using the right frying temperatures, and using certain starches and emulsifiers.

It is anticipated that consumers’ increased desire for non-GMO and gluten-free snacks will fuel demand for these goods and present significant business prospects for producers of veggie chips.

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Food manufacturers have introduced new types of veggie chips for consumers with the help of new technologies. Longer shelf life of raw materials for the manufacture of these products has resulted from advancements in vegetable processing and dehydration and making it more accessible to consumers. Thus, helping in driving the demand for these products.

Key Factors Which Will Drive Sales of Veggie Chips

High intake of carbohydrate-rich snacks with low nutritional value has raised health risks to customers, including an increase in blood sugar levels and obesity. As a result, customers are gravitating toward healthier food options such as veggie chips. They are low-sodium snacks that are high in vitamins and dietary fibres and this will help in driving its sales.

There has been increasing demand for different flavours of veggie chips from the consumers. Therefore, manufacturers have been experimenting with various flavours to meet the demand of the consumers and expand their customer base, and this will also boost its sales across the globe.

The US and Canada Veggie Chips Outlook

Due to the high concentration of significant players that cater to the growing demand for veggie chips among consumers, U.S and Canada are expected to remain a lucrative area for the growth of the veggie chips market. Furthermore, technological advances have affected the processing and packaging of food items, resulting in a surge in its sales in the U.S and Canada.

Europe Demand Outlook of Veggie Chips

The demand for these products in Europe is benefiting from a strong distribution channel. In Europe, the veggie chips market is expected to expand rapidly in supermarkets and hypermarkets that offer exclusive deals, discounts, and combos.

The rising demand for nutritious food snacks is estimated to increase the demand for veggie chips in Europe. Furthermore, the changing lifestyle and eating habits of consumers in Europe are expected to propel the global veggie chips market forward.

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Who are the Key Suppliers of Veggie Chips

Some of the key market players involved in the veggie chips are

  • The Better Chip
  • Wai Lana Production
  • Hain Celestial
  • Sensible Portions
  • Aib Foods
  • Popchips
  • Calbee
  • Snikiddy
  • The Forager Foods
  • Pepsico
  • Seeberger
  • Zweifel
  • Nehf
  • Our Little Rebellion and Others

Owing to the involvement of many producers, the vegetable chip market is highly fragmented. Pricing, new product releases, product line extensions, strategic partnerships, and promotional campaigns are all areas where several foreign and regional players compete. To maintain the competitive climate of the veggie chips market, key market players must differentiate their product through a specific and consistent value proposition.

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

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Veggie chips Segmentation

Segmented based on Source:

  • Root Vegetable Chips (Carrot Chips, Turnip Chips, Sweet Potato Chips and Others)
  • Leafy Vegetable Chips (Kale Chips, Spinach Chips)
  • Others

Segmented based on Type:

  • Vegetable Chips
  • Extruded Vegetable Chips
  • Others

Segmented based on Flavour:

  • Classic Salty
  • Cheese & Onion
  • Barbecue
  • Salt & Pepper
  • Jalapeno
  • Others

Segmented based on End-Use:

  • Household
  • Food Service

Segmented based on Distribution channel:

  • Supermarket/Hypermarket
  • Convenience stores
  • Specialty Stores
  • Online Stores
  • Others

Segmented based on Region:

  • North America (U.S, Mexico and Canada)
  • Europe (the U.K, Germany, Italy and France)
  • Latin America (Brazil, Argentina)
  • Asia Pacific (India, Australia and Rest of Asia Pacific)
  • Middle East & Africa (Saudi Arabia)

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.

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Automatic Identification and Data Capture Market Forecasted to Hit US$ 147.99 Billion by 2033, Driven by a Strong CAGR of 10.8%

According to forecasts, the automatic identification and data capture market is expected to be US$ 52,910.7 million in 2023 and US$ 147,992.7 million by 2033.

Innovative low-cost solutions and rising smartphone QR scanning are anticipated to drive market expansion. Moreover, the rapidly expanding consumer goods, retail, and e-commerce industries are projected to fuel demand for AIDC solutions.

The use of AIDC technology assists the e-commerce sector in automatically identifying the products, accurately and precisely gathering data about them, and electronically entering this data into the computer system.

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Technology also increases overall productivity and operational efficiency by properly tracking inventories, human resources, accounts, and general procedures.

Installing automatic identification and data collection systems comes at a significant cost, and worries about malware attacks and security breaches are growing, restraining market expansion. Also, good potential for developing the automated identification and data capture market is presented by the spike in government legislation for adopting AIDC solutions.

Key Takeaways

  • By 2033, the automatic identification and data capture market in the United Kingdom is likely to expand, with a CAGR of 9.2%.
  • In 2022, the United States developed the automatic identification and data capture business with a share of 16.4%.
  • The automatic identification and data capture market grew considerably to US$ 48,453.0 million in 2022.
  • The automatic identification and data capture sector expanded at a CAGR of 8.7% from 2018 to 2022.
  • By 2033, China’s child safety seat market is projected to develop with a CAGR of 8.2%.
  • By 2033, India’s mountain and ski resort industry is projected to expand with a CAGR of 14.3%.
  • Japan’s automatic identification and data capture industry grew significantly, with a 4.3% share in 2022.
  • Australia’s automatic identification and data capture expanded with a share of 5.4% in 2022.
  • Germany’s child safety seat business grew, with a share of 9.4% in 2022.
  • In 2022, the hardware segment dominated the market, with a share of 44.3%, based on the component.
  • In 2022, the logistic and warehouse segment dominated the market, with a share of 14.5%, based on end use.

Competitors Winning Strategies

Notable companies have utilized product launches and innovations as their main business strategy to grow their market share, followed by expansions, mergers and acquisitions, contracts, agreements, partnerships, and collaborations. The corporations have employed various strategies to increase market penetration and strengthen their position in the automatic identification and data capture sector.

Recent Development:

  • In February 2022, AIM, the industry alliance for automated data capture technologies, including IoT, RFID, NFC, and RTLS, announced that it broadened its influence among AIDC market participants.
  • A partnership between RMS Omega Technologies, a provider of information technology, and Cybra Corporation, a manufacturer of barcoding, RFID tags, data collection, wireless, and mobility technologies, was announced in July 2022.

Key Players :

  • RIOTEC Co. Ltd.
  • ZIH Corp.
  • Synaptics Incorporated
  • CVISION Technologies Inc.
  • SATO Holdings Corporation
  • Toshiba TEC Corporation

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Key Segmentation:

By Component:

  • Hardware
    • RFID Reader
    • Barcode Scanner
    • Smart Cards
    • Magnetic Ink Character Recognition Devices
    • Optical Character Recognition Devices
    • Biometric Devices
  • Software
  • Services
    • Integration & Installation Services
    • Support & Maintenance Services

By End User:

  • Transportation
  • Logistics & Warehouse
  • Courier & Postal Services
  • Retail
  • E-Commerce
  • FMCG
  • Manufacturing
  • Healthcare
  • Other End Users (Toll Plaza, etc.)

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • 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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Baby Cribs Market Set to Advance at a 6.3% CAGR by 2033: Growth and Trends Analysis

Baby Cribs Market
Baby Cribs Market

In 2023, the baby cribs market is estimated to be worth US$ 2,712.38 million, with projections indicating a rise to US$ 5,000 million by 2033. Over the forecast period, the adoption of baby cribs is expected to advance at a compound annual growth rate (CAGR) of 6.3%.

The increasing disposable income and a desire for an enhanced standard of living are driving the demand for premium and sustainable baby cribs in India. Additionally, with a rising interest in smart baby cribs in the country, major players are targeting the market to broaden their consumer reach.

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Rise in Demand for Multifunctional Baby Cribs among Consumers

Based on the product type, the convertible is expected to be the most attractive segment in the baby cribs market over the forecast period. Convertible type of baby cribs are mostly preferred by consumers as that are cost effective, high durability, and can be easily detachable bed rails is the primary factor expected to exhibit a significant growth in the global baby cribs market during the forecast period.

  1. Growth Drivers:
    • Safety Concerns: Increasing awareness among parents regarding crib safety standards and regulations drives demand for innovative and safer crib designs.
    • Rising Disposable Income: Growing disposable income in emerging economies empowers parents to invest in high-quality, aesthetically pleasing cribs for their babies.
    • Urbanization: Urbanization leads to smaller living spaces, spurring demand for compact, multifunctional cribs that optimize space utilization.
    • Parental Preferences for Eco-friendly Products: The rising trend towards sustainability encourages the adoption of eco-friendly materials in crib manufacturing, attracting environmentally conscious consumers.
    • Technological Advancements: Integration of technology such as IoT-enabled monitors, adjustable features, and automated functionalities enhances the appeal of cribs to tech-savvy parents, boosting market growth.
  2. Industry Restraints:
    • Stringent Regulations: Compliance with stringent safety standards and regulations adds to manufacturing costs, potentially limiting market accessibility for smaller manufacturers.
    • Economic Volatility: Fluctuations in global economic conditions can affect consumer spending on non-essential items like luxury cribs, leading to market slowdowns.
    • Competition from Alternative Products: Competition from alternative sleeping arrangements such as co-sleepers, bassinets, and bed-sharing options challenges the market growth of traditional cribs.
    • Supply Chain Disruptions: Disruptions in the global supply chain, as seen during the COVID-19 pandemic, can lead to delays in production and distribution, affecting market stability.
    • Changing Demographics: Declining birth rates in some regions and shifting parental preferences towards non-traditional childcare methods impact the demand for baby cribs, posing challenges for market expansion.

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Who is Winning?

Some of the leading players operating in the baby cribs market

  • Goodbaby International Holdings Ltd.
  • Delta Enterprise Corp.
  • Silver Cross
  • Artsana S.p.A.
  • Fisher-Price Inc.
  • Graco, Inc.
  • Arm’s Reach Concepts, Inc.
  • Million Dollar Baby Co.
  • Dream On Me, Inc.
  • Storkcraft, Sorelle Furniture
  • BabyBjorn
  • Chicco, Natart Juvenile, Inc.
  • Baby’s Dream Furniture Inc.
  • East Coast Nursery Ltd.
  • Kolcraft Enterprises Inc.
  • DaVinci Baby
  • Mamas & Papas
  • Bababou
  • Me n Moms
  • Stokke AS

These manufacturers are investing significantly on research and development activities to achieve various certifications and introduce environmental friendly products to meet growing consumer requirements for sustainable materials such as non-toxic paints used in developing baby cribs.

Moreover, expanding domestic distribution channel, strategic partnership, acquiring small scale companies, innovative marketing strategies, celebrity endowment, and enter into online platform remains the most popular strategy among the prominent players in the market. Companies intend to expand their geographical footprint through collaborating with local players.

  • In 2018, Goodbaby International Holdings Ltd. was recognized with The Juvenile Products Manufacturers Association (JPMA) awards for four different innovations.
  • In 2018, Bababou introduced Hugg Co-sleeping baby crib in Ireland. The company’s Hugg Co. sleeper baby bed is an organic, sustainable baby crib which was recognized with various awards such as Junior Design Awards for the best Co-sleeping Cot/Crib/ Pod/Bassinet Design.

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Baby Cribs Market by Category

Product:

  • Standard
  • Portable
  • Convertible
  • Bassinet
  • Travel
  • Multifunctional
  • Others

Price Range:

  • Economy
  • Mid-Range
  • Premium

Material:

  • Plastic
  • Metal
  • Wood
  • Others

Sales Channel:

  • Direct Sales
  • Modern Trade
  • Convenience Stores
  • Departmental Stores
  • Specialty Stores
  • Mono Brand Stores
  • Online Retailers
  • Drug Stores
  • Other Sales Channels

Key Questions Answered in the Report

  • How much is the current worth of the baby cribs?
  • What was the sales of baby cribs between 2015 and 2021?
  • What is a key trend shaping the growth of the baby cribs market?
  • Which are the most prominent regions leading the baby cribs market?
  • What was the demand outlook for baby cribs market in Japan?

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  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Chelating Agent Market: Market Valuation to Exceed US$ 12,758.3 Million by 2033

By 2023, size of the global chelating agents market was estimated to be US$ 7,360.9 million. From 2023 to 2033, a CAGR of 5.7% is anticipated. By the end of 2033, it is set to surpass a valuation of US$ 12,758.3 million. In 2022, the market experienced a 4.5% yearly growth.

Increasing need for clean & safe water, stringent environmental regulations, and expanding industrial sector are driving demand for chelating agents in water treatment activities. These agents provide effective solutions for removing heavy metals, preventing scale formation, and ensuring compliance with water quality standards.

Chelating agents are effective in removing heavy metals from water. With increasing industrialization and urbanization, water sources are becoming contaminated with heavy metals such as lead, mercury, cadmium, and arsenic.

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Heavy metals pose significant health risks to humans and the environment. Chelating agents hence form stable complexes with these metals, allowing them to be easily removed from water during the treatment process.

Chelating agents are used to prevent the formation of scale and deposits in water treatment systems. As water is treated and circulated through pipes, boilers, and cooling towers, minerals and salts can precipitate and form scale, reducing the efficiency of these systems.

Chelating agents bind to these minerals and prevent them from forming scale, thereby improving the performance and lifespan of water treatment equipment. There has recently been rapidly rising global awareness about the importance of clean water and its impact on human health, there is an increased demand for effective water treatment solutions.

Chelating agents are recognized as valuable tools in ensuring water quality by removing impurities, heavy metals, and other harmful substances.

The industrial sector, including manufacturing, mining, and energy production, requires significant amounts of water for various processes. However, these activities often generate wastewater containing pollutants and metals. To reduce generation of pollutants, demand for chelating agents is anticipated to expand by 2033.

Key Takeaways from the Chelating Agent Market Study

  • The global chelating agent industry witnessed a CAGR of 4.0% over the historical period of 2018 to 2022.
  • The United States market is expected to represent a total incremental opportunity of US$ 1,201.3 million between 2023 and 2033.
  • China chelating agent industry is expected to expand at a CAGR of 6.8% during the forecast period.
  • By application, the pulp and paper segment is projected to hold the lion’s share through 2033.
  • Top countries driving the chelating agent market are China, Germany, and the United States.

“Launch of novel agents that outperform their conventional counterparts in terms of efficacy, environmental friendliness, and cost-effectiveness is a key goal for renowned companies. These developments are expected to create new opportunities and promote growth.” – says a lead Future Market Insights (FMI) analyst

Competitive Landscape

The chelating agent industry is expected to be dominated by a few key players, leading to a fragmented landscape. In the industry, top manufacturers such as BASF SE, Solvay, Mitsubishi Chemical Corporation, Nouryon, and Dow Chemical Company, Kemira, Hexion, Akzo Nobel, and Innospec Inc. hold significant market shares.

In order to strengthen their market position and expand their product portfolios, chelating agent manufacturers have been engaging in strategic partnerships, collaborations, and acquisitions. These activities would allow companies to access new technologies, enhance their production capabilities, and enter new geographical markets.

Chelating agent manufacturers are expanding their geographic presence to tap into new markets and leverage growth opportunities offered by emerging economies. This includes establishing distribution networks, opening regional offices, and forming partnerships with local players.

For instance,

  • An innovative business that specializes in environmentally friendly chelating agents is called EcoChelate Corporation. The company offers cutting-edge products with an emphasis on ecology and environmentally friendly chemistry that are made to have a minimal impact on the environment while still providing high chelation performance.

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Get More Insights into the Chelating Agent Market Report

In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the global chelating agent market, providing historical data from 2018 to 2022 and forecast statistics for the period 2023 to 2033. To understand the global market potential, growth, and scope, the market is segmented based on product type (bio-degradable and non-bio-degradable), application (water treatment, agriculture, paper & pulp, pharmaceuticals, food & beverage, chemical processing, household & industrial cleaning, oil & gas), and regions.

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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T: +1-845-579-5705
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