Market Research Blog – Page 3425 – New Product Development

Industrial Tourism Market Forecasts US$ 18,739.3 Million Revenue, Envisioning 27.4% CAGR by 2033 | FMI

According to Future Market Insights (FMI), in 2023, the industrial tourism market will be worth US$ 1,663.6 million. By 2033, it would reach US$ 18,739.3 million. The surge would occur at a CAGR of 27.4% from 2023 to 2033.

As high disposable income group numbers are increasing, it is giving rise to more travelers. It is increasing industrial tourists worldwide. They are initiating travel plans to various industries which spark their interests.

The need for structural changes would grow when it comes to industrial infrastructure protection. It also includes the development of manufacturing industries.

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Eco efficiency and eco innovation of industrial resources is implemented. These would help to limit material and energy intensities.

These transformations would contribute toward rising productivity of natural resources. It would also bring down the pressure which is building on the ecological environment.

Establishment of sustainable factories is creating value and restoring energy resources. Increasing commitment of various industries toward environmental protection would boost demand.

Industries are nowadays eliminating any medium which is causing carbon dioxide emissions. They are trying to reinvent themselves and bring energy use optimization in the market.

An integrated approach has to be implemented by key industries. It would help them to balance industrial transformation and development. They can keep sustainability into action.

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Industrial policies, measures, and activities are contributing toward its establishment. Sustainable industrial development would bring future scope of evolution.

It would be showcased in organizational management, production techniques, and product designing. It is an approach that is driving the industrial tourism market. These practices will enhance utility of production resources sustainably for various industries.

The tourism industry is facing key concerns with scarce natural resources. Fragility of planet Earth and over-exhaustion of energy resources would also create awareness.

It is hence resulting into better production and low consumption. Industries are keeping in mind sustainability factors in industrial tourism development.

Key Takeaways from the Industrial Tourism Market

The global industrial tourism market showcased around -14.6% CAGR between 2018 and 2022.
By tour type, the professional group category would expand at a substantial CAGR of 8% during the forecast period.
Top 5 companies in the global industrial tourism market held over 30% to 35% of share in 2022.
Based on tourism type, the factory tours segment will exhibit a significant share by 2023.
Based on age group, the 16 to 25 years category would hold the lion’s share by 2033.

Competitive Landscape: Industrial Tourism Market

Prominent firms are using unique tactics to gain a significant share in the highly competitive environment. They are planning to maintain internal control over every facet of their services and channel support. They are attempting to guarantee that clients get value for their money.

Direct service providers are partnering up with indirect suppliers. They are pacing their support channels. They are also trying to meet a variety of needs.

The industrial tourism sector would experience progressive growth. Partnerships and cooperation between suppliers across the industry would become more prevalent.

A few leading players in the Industrial Tourism Market are:

American Express Global Business Travel
World Travel Inc.
Ovation Travel Group
Omega World Travel
Priceline Group

Industrial Tourism Market by Category

By Direct Suppliers:

Airlines
Hotel Companies
Car Rental
Train
Tour Operators
Government Bodies

By Indirect Suppliers:

Online Travel Agency (OTA)
Traditional Travel Agencies
Travel Management Companies (TMCs)
Corporate Buyers
Aggregators

By Number of Bookings:

By Age Group

Under 15
16 to 25
26 to 35
36 to 45
46 to 55
Over 55

By Tourism Type:

Work Watching
Factory Tours
Mine Tours
Farm Tours
Wine Tours
Parliament Tours
Tours of Specific Company Premises
Factory Visits by Business Tourists

By Demographic:

Male
Female
Kid

By Nationality:

Domestic
International

By Booking Channel:

Phone Booking
Online Booking
In-Person Booking

By Tour Type:

Individual Travel
Professional Group
Group Travel

By Country:

USA
Canada
Brazil
Mexico
Germany
United Kingdom
France
Spain
Russia
India
China
Japan
Malaysia
Singapore
Australia
United Arab Emirates
Kingdom of Saudi Arabia
Italy
Qatar
Oman
Rest of the World

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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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Space Tourism Market Reveals an Impressive US$ 13,239.5 Million Projection by 2033 | FMI

The worldwide space tourism market is anticipated to surpass US$ 678.3 million in 2023, according to Future Industry Insights (FMI). Space tourism is predicted to see an increase in sales between 2023 and 2033 at a 38.6% CAGR. By 2033, the total market valuation is expected to surpass US$ 13,239.5 million.

The space tourism industry is a growing market with innovations and technological advancements. Several prominent companies such as SpaceX are introducing reusable rocket technology. This is making space flights accessible and more affordable for humans.

With the launch of commercial suborbital travel, there is going to be a subsequent change in the experiences that these travels will offer in the future. There are speculations, however, that high net income people or private researchers will get direct access to space tourism in the upcoming future but it brings certain limitations when it comes to ordinary citizens.

These suborbital trips and spaceflights will bring growth opportunities for space tourism. They will also aid in scientific research purpose. Besides this they will allow travel enthusiast to get new fascinating space experience.

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Rising popularity of space tourism across emerging countries will bring new opportunities. Reduction in prices due to integration of novel space technologies will boosts sales.

However, there could be a severe environmental impact of space tourism. Hence, proper solution needs to be implemented to avoid trouble in the future. Space tourism also presents itself with another challenge which is the affordability. It is still presented as luxury due to its cost.

New initiatives are being taken to ensure that there is a complete benefit of space tourism in the commercial market.

Key Takeaways for Space Tourism Market Report:

The market for space tourism is forecast to reach a valuation of US$ 13,239.5 million by 2033.
Global space tourism revenue is set to rise at 6% CAGR between 2023 and 2033.
Online booking channel is likely to hold around 65% during the assessment period.
By age group, 16 to 25 category will reflect a CAGR of 9% through 2033.
By demographic, male segment generates most of the revenues in space tourism market.
The United States space tourism market will exhibit marvellous growth through 2033.
The space tourism industry in India is set to generate lucrative revenues.

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Key Players:

Blue Origin
Virgin Galactic
Space X
Airbus Group SE
Boeing
ZERO-G
Airbus Group SE
Axiom Space
Bigelow Aerospace
Orion Span
Space Adventures
Space Perspective
World View Enterprises
Zero2Infinity

Space Tourism Market by Category

By Direct Suppliers:

Airlines
Hotel Companies
Train
Tour Operators
Government Bodies

By Indirect Suppliers:

OTA (Online Travel Agency)
Traditional Travel Agencies
TMC’s (Travel Management Companies)
Corporate Buyers
Aggregators

By Number of Bookings:

By Age:

Under 15
16-25
26-35
36-45
46-55
Over 55

By Tourism Type:

Stratospheric
Suborbital
Orbital
Others

By Demographic:

Male
Female
Kid

By Nationality:

Domestic
International

By Booking Channel:

Offline Booking
Online Booking

By Tour Type:

Individual Travel
Professional Groups
Group Travels

By Country:

USA
Canada
Brazil
Mexico
Germany
United Kingdom
France
Spain
Russia
India
China
Japan
Malaysia
Singapore
Australia
United Arab Emirates
KSA
Italy
Europe
Rest of the World

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Telescopic Masts Market Size Surges to US$ 630.9 million by 2033

The global telescopic masts market is forecasted to expand at 4.8% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to surge from US$ 394.8 million in 2023 to US$ 630.9 million by 2033.

Increasing deployment of telescopic masts by law enforcement authorities is projected to propel market growth. These are used to provide signals for multiple types of telecommunications owing to their height. They can be altered to align with mobile, Wi-Fi, or RF devices.

The use of telescopic masts is expected to constantly increase due to advances in technology and the invention of new devices. Subsequently, invigorating the market growth. These devices are mainly employed with RF antennas to enhance radio coverage. Additionally, they cover the dead spots and can also be mounted with cameras to fill the blind spots.

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Other prominent uses of telescopic masts include situational awareness, mobile video surveillance, thermal imaging, cellular signal boosters, edge networks, etc.

Telescopic masts are increasingly being utilized in vehicles with video cameras. They are generally used for emergency services like security vehicles, traffic monitoring, police crowd control, enforcement vehicles, etc. Increasing emergency cases are anticipated to push the demand for telescopic masts.

Top Highlights from the FMI’s Analysis of the Telescopic Masts Industry:

The United States market is projected to be a central figure in the future growth of the industry. The United States is projected to procure a large share of 19.4% of the global market, in 2023.
In Germany, the telescopic masts market is projected to hold 2.6% of the overall market in the present year.
Japan and Australia are estimated to gain a market share of 4% and 2.5% in 2023, respectively.
The significantly growing countries of Asia Pacific telescopic masts industry are India and China, with India as the head runner. India and China are expected to assume a CAGR of 5.1% and 4.6% from 2023 to 2033, respectively.
The United Kingdom is projected to register a CAGR of 4% over the next 10 years.
By product type, push-up masts are anticipated to hold a crucial place in the market, by obtaining 28.7% market share.
The military segment is projected to grab a market share of 39.9% over the estimated period.

Key Developments by Market Participants Encouraging the Telescopic Masts Market Growth

The key players in the market are focusing on introducing new telescopic mast technologies. Leading manufacturers are merging, acquiring, or collaborating with their contemporaries to boost their revenue. Additionally, they are striving for an enhanced geographic presence. Suppliers are also taking marketing initiatives for better brand recall among their consumers. These initiatives are also aimed at capturing new customers from the end-use industries.

In March 2021, Defense Research and Development Organization (DRDO) started working on a mobile mast system. This system is projected to be integrated into an elevated radar antenna. This project is a part of the Extra Long Range Surface to Air Missile (XRSAM) Air Defense Weapon system.

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Manufacturers in the Telescopic Masts Industry

The RATT
Fireco US
Hilomast LLC
RVA Lighting and Masts
Will-Burt
Blue Sky Masts
C&S Antennas
Rohn Products LLC
Mast Systems (Transdigim Inc)
Comrod Communication Group Marine
A2Z Security Cameras
Channel Master
Aluma Tower Company
Floatgraph Mast & Trailer Solutions, LLC
Easy Up Inc
SERAPID Inc
Larson Electronics

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is 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.

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Future Market Insights Inc.
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T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Refrigeration Coolers Market Analysis: Industry worth US$ 6,409.7 million by 2033

Refrigeration coolers, the unsung heroes of our kitchens and beyond, play a crucial role in preserving food freshness and ensuring a comfortable environment. From the ubiquitous household refrigerator to the industrial workhorses in supermarkets and warehouses, these versatile systems utilize the principles of refrigeration to control temperature and maintain cool conditions. Let’s delve into the world of refrigeration coolers, exploring their types, applications, and the exciting future that lies ahead.

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Types of Refrigeration Coolers:

The refrigeration cooler market offers a diverse range of systems, each catering to specific needs:

Household Refrigerators: These are the most common type, featuring compartments for both chilled and frozen food storage. They come in various sizes and configurations, with features like adjustable shelves, ice dispensers, and automatic defrosting capabilities.
Commercial Refrigeration Coolers: Used in supermarkets, restaurants, and foodservice establishments, these coolers are designed for larger capacities and more demanding applications. They include:
- Reach-In Coolers: These upright units with glass doors allow easy access to chilled food items, ideal for display and self-service.
- Walk-In Coolers: Larger, room-sized units providing cold storage for bulk quantities of food and beverages.
- Display Cases: Designed to showcase food items while maintaining optimal temperatures, often used in bakeries and delis.
Beverage Coolers: These specialized coolers are dedicated to chilling beverages, with features like adjustable thermostats and bottle or can dispensing mechanisms.
Freezers: These maintain sub-freezing temperatures for long-term food storage. They come in chest and upright configurations, with chest freezers offering superior energy efficiency.
Industrial Refrigeration Systems: These large-scale systems are used in industrial settings like food processing plants and warehouses to maintain cold storage for perishables.

Working Principles of Refrigeration Coolers:

Refrigeration coolers utilize a closed-loop system involving four key components:

Refrigerant: A special chemical that absorbs heat from the cooled space (evaporator) and releases it to the surrounding environment (condenser) during a phase change process.
Compressor: This pump increases the pressure of the refrigerant, raising its temperature and enabling efficient heat transfer.
Evaporator: This component absorbs heat from the cooled space, causing the refrigerant to evaporate.
Condenser: Here, the hot, high-pressure refrigerant gas releases heat to the surrounding environment, condensing back into liquid form.

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Applications of Refrigeration Coolers:

Refrigeration coolers have a wide range of applications beyond domestic food storage:

Food and Beverage Industry: Maintaining optimal storage temperatures is crucial for food safety and quality. Coolers are used throughout the supply chain, from farms and processing plants to supermarkets and restaurants.
Pharmaceutical Industry: Certain medications and vaccines require precise temperature control for storage and transportation.
Medical Facilities: Coolers are essential for storing blood, vaccines, and other temperature-sensitive medical supplies.
Chemical Industry: Many chemicals require specific storage temperatures for safety and to maintain their properties.
Scientific Research: Coolers are used in laboratories for experiments requiring specific temperature control.

Benefits of Refrigeration Coolers:

Food Preservation: Refrigeration coolers extend the shelf life of perishable food items, reducing food waste and promoting food safety.
Temperature Control: These systems ensure consistent and precise temperature control for optimal storage conditions.
Convenience: Modern refrigerators offer convenient features like automatic defrosting and temperature control, simplifying food storage and retrieval.
Improved Efficiency: Advancements in technology have led to more energy-efficient refrigeration coolers, reducing environmental impact.

Future of Refrigeration Coolers:

The future of refrigeration coolers is bright, with exciting advancements on the horizon:

- Focus on Energy Efficiency: Development of more energy-efficient technologies and materials will reduce energy consumption and environmental impact.
- Natural Refrigerants: The increasing adoption of environmentally friendly natural refrigerants will further reduce greenhouse gas emissions.
- Smart Technologies: Integration with smart home technologies will enable remote monitoring, temperature control, and diagnostics.
- Advanced Materials: Development of innovative materials with improved insulation properties will enhance cooling performance.

Railway Draft Gears Market Expected to Reach US$ 3,236.1 Million by 2033, with a 4.5% CAGR

The net worth of the railway draft gears market is expected to increase from US$ 2,083.8 Million in 2023 to more than US$ 3,236.1 Million by 2033. From 2023 to 2033, the market for railway draft gears is projected to grow at a modest CAGR of 4.5%.

The market is probably going to be fueled by ongoing expenditures in railroad line projects and the global growth of train networks. Several domestic and international railroad projects are now in the planning, development, or construction phases, which is encouraging for the market’s future expansion.

Railway draft gears are in high demand in the sector that produces railroad equipment. The rising cost of gasoline internationally is mostly to blame for this increase in demand. Due to this, railroads now account for a greater portion of freight transportation than vehicles do. The sole sources of income in this specific industry are long-term contracts and leases with big railroad companies.

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The rise of a technologically enhanced and open world has expanded the usage of IoT in the railway industry. The rapid adoption of IoT and safety in the rail sector will fuel the market growth during the forecast period.

There will be more chances for OEMs to grow their income streams and global reach as electrified network train lines are expanded and metro project development increases. The development of rail networks in highly populated areas and rising investments in rail infrastructure are only two examples of factors that will support the growth of the railway draft gears industry.

North America accounts for the biggest market share over the projected period. According to the Association of American Railroads, the United States has a top-notch freight rail network, which is the foundation of the country’s economy. Rising consumer demand, improved passenger safety measures, and technical as well as operational developments are the main drivers of the studied market in the region.

KEY TAKEAWAYS

The Chinese railway draft gears market is likely to rise at a CAGR of 5.3% over the forecast period.
Over the forecast period, the German railway draft gears market is expected to have a market share of 5.4%.
The US railway draft gears market is estimated to possess a market share of 18.3%.
The Japanese railway draft gear market is expected to secure a market share of 6.3%
Over the forecast period, the freight wagon segment is projected to hold a market share of 48.4%.

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COMPETITIVE LANDSCAPE

In the railway draft gears market, key players and innovative vendors include Amsted Rail, Oleo, Sigra, Titagarh, Wulf’s Custom Welding, Hydra-Tech International, LAF, Zhuzhou Times New Material Technology(TMT), Salco Products, CRRC, IPS, TESCO, PowerRail and others.

These companies have used a variety of tactics to enhance their market share for railway draft gears. To increase their client base and revenue, they have used both organic and inorganic growth techniques, including new product launches, acquisitions, corporate expansions, and collaborations.

RECENT DEVELOPMENTS

In October 2021, to facilitate the design and performance of rail components, Wabtec Corporation, a leading technology provider for the freight and transit rail industries, established a top-tier international engineering lab in Bengaluru, India. The new structure increases Wabtec’s technological capabilities and houses the business’s largest lab in India.
In February 2019, GE completed the first phase of its merging with Wabtec in return for USD 2.9 million in cash and Wabtec non-voting convertible preference shares.

Key Segments in the Railway Draft Gears Market

By Rail Type:

Locomotive
DMUs
EMUs
Freight Wagon
Others

By Sales:

OEMs
Aftermarket

By Region:

North America
Europe
Asia-Pacific
Latin America
Middle East & Africa (MEA)

Author

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

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

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

Explore FMI’s Extensive Ongoing Coverage on Automotive Domain

Automotive Tires Market Share is valued at US$ 503.9 billion as of 2023. The market is expected to grow at a CAGR of 6.6% during the forecast period, and by 2033, the market is expected to reach a valuation of US$ 958.8 billion.

EV Tire Market Size is projected to grow by 26.6% from 2023 to 2033. Also according to the EV tire market analysis report, the market is expected to rise up to US$ 99,884.7 million by 2033.

Europe Automotive Tire Market Growth is projected to reach 108.7 billion by 2033. Over the next ten years (2023 to 2033), automotive tire sales in Europe are set to rise at around 4.8% CAGR.

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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Global Gadolinium Market Set to Soar to US$ 8.8 Billion by 2032, Fueled by Technological Advancements and Emerging Economies in Asia Pacific

The key growth drivers of the gadolinium market globally include technical advancements leading to increasing demand, rising demand from the healthcare industry, and increased use of color televisions. Additionally, expanding uses for gadolinium and developing economies like China, India, and others would open up new opportunities for the gadolinium market.

The global gadolinium market demand is anticipated to be valued at US$ 5.3 Billion in 2022, forecast to grow at a CAGR of 5.2% to be valued at US$ 8.8 Billion from 2022 to 2032. The rising economies in the Asia Pacific are likely to offer lucrative opportunities for growth.

Superior metallurgic characteristics and high efficiency have been the major factors driving growth for the gadolinium market. A small amount of gadolinium improves the temperature resistance and efficiency of metals such as iron. Gadolinium has been gaining acceptance in medical equipment and nuclear applications. Therefore, the growing demand for nuclear energy and medical equipment has been a major driver for the industry. The price of gadolinium has been increasing over the years which have been a major factor restraining market growth. Research and development activities to increase the application scope of gadolinium are expected to offer huge growth opportunities in the market.

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Increasing demand for nuclear energy mainly in the Asian countries of China and Japan is expected to drive the demand for gadolinium in the region. With the increasing threat of the energy crisis several developing economies have increased their investments in the nuclear energy segment. Emerging geographical segments such as India, Pakistan and other developing economies in the Asia Pacific region is expected to offer greater growth opportunities in the region. The increasing shift of demand towards renewable sources of energy mainly in the developed economies of North America and Europe is anticipated to slow the market growth in the region.

Competitive Landscape

Major industry participants in the gadolinium market include

Goodfellow Corpration
GFS Chemicals, Inc.
All-Chemie, Ltd
Pascal Technologies, Inc.
Fredericksburg
VA Alfa Chemical Corpation
Molycorp
Super Conductor Materials, Inc.
Inorganic Ventures
Molycorp Corporation

This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, regions, product types and distribution channels.

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Key Segments Profiled in the Gadolinium Industry Survey

Type:

Gadolinium Acetate
Gadolinium Acetylacetonate
Gadolinium Oxide
Gadolinium Nitrate
Gadolinium Chloride
Others

Application:

Electronics
Medical Equipment
Imaging Agents
Nuclear Reactors
Others

Region:

North America
Western Europe
Eastern Europe
Asia Pacific Excluding Japan
Japan
Latin America
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.

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Nandini Singh Sawlani

Rising Demand for Antimony as Key Component in Flame Retardants and Lead Acid Batteries Fuels Market Growth, Predicted to Reach US$ 2.9 Billion by 2032

The global antimony market is predicted to reach a value of US$ 2.9 billion in 2032 as opposed to an estimated US$ 2 billion in 2022. The market is slated to expand at an average CAGR of 4% from 2022 to 2032. Historically, the market was valued at US$ 1.7 billion in 2021 at the end of the observation period of 2015 to 2020. Heightened demand for antimony in the production of flame retardants and lead acid batteries during the forecast period will facilitate the growth of the antimony market. Since flame retardants have gained extensive usage across multiple industrial verticals, the prospects for the antimony market are bright over the upcoming years.

Antimony can be found in both metallic and non-metallic forms. While the metallic form is a bright silvery material that is brittle, the non-metallic antimony form is a grey powder. Antimony acts as a stable element in dry air- inert to acids and alkalis. It expands when cooled and is an inefficient conductor of heat and electricity. These attributes make antimony a preferred choice for flame retardant production which, in turn, supplements the market growth.

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Lead acid batteries also generate a high demand for antimony. Since lead-acid batteries find expansive applications in different sectors including marine, electric electronics, and automotive, it also augments the sales of antimony in the upcoming years. An upsurge in demand for electric vehicles will spur the demand for antimony while consumer goods, automobiles, and textile industries will also create growth opportunities for the antimony market. Consequently, macroeconomic factors like GDP growth and the increasing purchasing power of consumers are also accountable for the growth of the antimony market.

However, the market for antimony is not without its share of challenges during this period of observation. Health issues like respiratory problems, skin conditions, lung cancer, and other medical conditions can result from antimony exposure. Many environmental hazards are also associated with antimony. These aspects can significantly slow down the market growth between 2022 and 2032.

Key Takeaways in Antimony Market:

Implementation of stringent regulatory measures regarding the use of antimony will limit the growth of the market during the assessment period.
Asia Pacific’s antimony market will dominate the global marketplace due to intense demand in China.
Demand for antimony’s fire-resistant properties will propel the market forward in Europe.
High demand for fire retardants in the plastic industry along with other sectors will account for the steady growth of the antimony market during the forecast period.

Competitive Landscape in the Antimony Market

Some of the prominent players in the antimony market are profiled in the full version of the report

Shanghai Metal Corporation
Qingdao Glory International Trading Co.
Campine NV
Yiyang Huachang Antimony Industry Co., Ltd
Korea Zinc Co., Ltd
BASF SE
US Antimony

Leading market players are focusing on the adoption of innovative and sustainable production processes. These enterprises also employ various organic and inorganic business strategies to enhance their market position.

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More Insights into the Antimony Market

FMI offers the latest, unbiased, and detailed analysis of the global antimony market, providing historical data from 2015 to 2020 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type (antimony trioxide, antimony pentoxide, antimony alloys, antimony metal ingots, other antimony products), application (flame retardants, lead-acid batteries, plastic additives, stabilizers, catalysts, glass and ceramics, others), end-use (chemical, automotive, electrical and electronics, other end-use industries), and region.

According to the FMI reports, based on segmentation, the flame retardant application will likely dominate the overall market space owing to antimony’s flame-resistant properties. In terms of end-use industries, the chemical and automotive sectors will generate high demand for the market. Based on region, the antimony market in the Asia Pacific region will exhibit considerable growth. The target market in this region will dominate the global marketplace. This is mainly due to the immense demand for antimony in China. The country controls over 80% of global antimony production. In addition, the high GDP growth of Asia Pacific will also aid the market growth. Europe, too, will contribute to the global growth of the antimony market during the projection period.

Key Segments Profiled in the Antimony Industry Survey

Product Type:

Antimony Trioxide
Antimony Pentoxide
Antimony Alloys
Antimony Metal Ingots
Other Antimony Product Types

Application:

Antimony Flame Retardants
Antimony Lead-Acid Batteries
Antimony Plastic Additives
Antimony Stabilizers
Antimony Catalysts
Antimony Glass and Ceramics
Antimony Others

End-Use Industry:

Chemical Industry
Automotive Industry
Electrical and Electronics Industry
Other End-Use Industries

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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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Nandini Singh Sawlani

Revolutionizing Textile Color Fastness: Global Fixing Agent Market Projected to Surpass US$ 5.24 Billion by 2032, Forecasts Study

Fixing agents is in huge demand as it’s amongst the key components in the printing and dyeing industries; as it helps in the improvement of dye color fastness. Both – liquid and solid forms (anionic and cationic) of fixing agents are preferred as per convenience. Textile verticals have faced revolutionary alterations of late; with textile patterns changing due to technical enhancements and altering fashion trends. This factor is expected to catalyze the fixing agent market going forward.

The global fixing agent market size was worth US$ 2.97 Billion in the year 2021 and is expected to reach US$ 5.24 Billion by the year 2032 at a CAGR of 5.3% between 2022 and 2032.

The overall application areas of fixing agents include dyestuff business, polymer vertical, food and beverages vertical, chemicals, and likewise. Cationic dye-fixing agent tends to have higher molecular weight. It’s used to fix cellulose dyed/printed with direct and reactive. Textile chemicals are also being increasingly used in home furnishings in the construction industry. With a growing inclination toward high-class clothes, the global fixing agent market is likely to grow on a remarkable note in the near future.

At the same time, the fact that dye fixing agents have poor wash fastness properties could not be ignored. This could be a restraining factor to the fixing agent market going forward. Plus, higher fragmentation lowers the power of bargaining of suppliers.

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Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Fixing Agent Market’. The team of analysts and consultants is there to execute through its 360-degree approach in its primary, secondary, and tertiary modes of research.

“With drastic change in textile printing pattern as an outcome of altering fashion trends coupled with technical breakthroughs, the global fixing agent market is bound to grow voraciously in the upcoming period”, says an analyst from Future Market Insights.

Key Takeaways from Fixing Agent Market

The Asia-Pacific holds the largest market share with Japan, China, and India leading from the front.
Europe and North America are expected to go steady with respect to the fixing agent market in the near future.
MEA would also grow at a rapid pace with textile industry improvements, and refinery repairs being ushered herein.

Competitive Agents in the Fixing Agent Market

HT Fine Chemical Co., Ltd., in the year 2019, came up with a new-fangled product called ‘Dye Fixing Agent’ to meet the ever-increasing demand in dyeing and printing verticals.
Viswaat Chemicals Ltd. has its VICAFIX HCNF and VICAFIX HCNF50 – the former is a non-formaldehyde dye fixing agent for direct and reactive dyes and the latter exists in concentrated form.
Avocet has its Cetafix AFA liquid/powder and Cetafix R liquid/powder. They are formaldehyde-free fixing agents meant to improve the wet fastness of the cotton fibers dyed with the direct dyes, and printed or dyed with the reactive dyes. The first one is anionic and the second one is cationic.
DyStar, in February 2018, collaborated with RotaSpray to develop an indigo spray dyeing procedure to facilitate mass production that lets denim producers minimize the environmental impact.

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Fixing Agent Market Key segments

By Product Form:

Solid
Liquid

By Product Type:

Cationic Fixing Agent
Cetylpyridinium Chloride
Cetylpyridinium Bromide
Polyamine Contraction
Cross-linking Fixing Agent
Anionic Fixing Agent
Zinc Salt
Acetic Acid
Acetone
Others

By Region:

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

What does the Report fix?

The research study is based on product form (solid and liquid), by product type (cationic fixing agent, cetylpyridinium chloride, cetylpyridinium bromide, polyamine contraction, cross-linking fixing agent, anionic fixing agent, zinc salt, acetic acid, acetone, and likewise).
With stiffness, effective resistance against moisture, flame, and comparatively higher crease, the global fixing agent market is meant to grow explicitly in the years to come.

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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Nandini Singh Sawlani

Preserving Nature: Natural Food Preservatives Market to Reach US$ 856.1 Million by 2032

The natural food preservatives market is expected to be valued at US$ 435.2 Million in 2022 and is projected to reach US$ 856.1 Million by 2032, growing at a CAGR of 7% from 2022 to 2032.

Increased demand for convenience items, along with a focus on organic food products, has resulted in a growing preference for foods that last longer. As a result, natural food preservatives are more popular than ever before. Natural food preservative sales are predicted to increase from 484.2 million US dollars at the end of 2018 to 796.5 million US dollars by 2028. One of the key drivers of revenue growth in the worldwide company is the rapidly increasing consumption of packaged and processed goods.

People’s eating habits have altered as a result of urbanization and fast-paced lifestyles making packaged and ready-to-eat food items more accessible. Processed food and beverage commodities must be preserved using correct procedures and safe additives to extend shelf life and avoid disintegration. As a result, the need for natural food preservatives is increasing.

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Because of the negative effects of chemical compounds used in the preparation and processing of food and beverage commodities, the food and beverage industry is changing towards the use of natural food components. Because of the negative health effects of chemical additives, food and beverage companies are switching from synthetic to safer, natural food preservatives. The tough laws against the use of synthetic food additives established by governments around the world have also resulted in a prohibition on synthetic food preservatives in the F&B industry. This is yet another important factor driving the global growth of the natural food preservatives market.

Natural Food Preservatives Market Not Devoid of Challenges; Manufacturers Struggle to Contain Costs and Battle Latest and More Advanced Food Preservation Technologies

Although using natural food preservatives is beneficial for the general public’s health, the cost can be a major obstacle to the market’s long-term growth. Natural food preservatives are more expensive than synthetic alternatives since they require greater processing and production expenditures. Many mid-sized and small F&B industry companies limit their production to the use of synthetic and chemical-based preservatives due to cost reasons. The necessity for producers of packaged and processed foods to keep manufacturing costs in check is a significant revenue growth restraint in the global market for natural food preservatives.

Raw material pricing is another revenue puller. Natural food preservatives obtained from vegetables, fruits, and certain types of plants are priced according to the availability and production of raw material. Fluctuating prices of raw material impact operational efficiencies in the natural food preservatives market. Impact of unfavourable weather conditions on the availability of raw material further leads to inconsistent output, as most of the natural food preservatives are sourced from plants.

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Key Segments

Global Natural Food Preservatives Market – By Source

Plant
Animal
Microbial
Mineral

Global Natural Food Preservatives Market – By Product Type

Microbial Derived
Nisin
Natamycin
Rosemary Extract
Botanical Extracts
Natural Acids
Salts

Global Natural Food Preservatives Market – By Form

Powder/Granules
Liquid

Global Natural Food Preservatives Market – By End Use

Bakery
Confectionery
Dairy Products
Yogurt & Sour Cream
Cheese & Butter
Soups
Beverages
Dairy-based
Plant-based
Juices
Snacks
Jams & Spreads
Meat, Fish, & Poultry Products
Sauces & Dressings

Global Natural Food Preservatives Market – By Region

North America
Western Europe
Eastern Europe
Latin America
Asia Pacific excluding Japan
Japan
Middle East & Africa

Another challenge being witnessed in the global market for natural food preservatives is the emergence of newer and more advanced food preservation technologies that might render traditional preservation techniques obsolete in the near future. Techniques such as High-pressure Processing (HPP) – a cold pasteurisation technique that increases shelf life of food products and Pulsed Electric Fields (PEF) – a non-thermal technique that protects food from microbial spoilage through electric pulses are fast gaining traction in the natural food preservatives market. Older methods of preserving food using natural plant-derived preservatives is slowly losing significance, and this is expected to restrain revenue growth of the natural food preservatives market to a certain extent.

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Key Questions Answered in the Report

How much is the natural food preservatives market current worth?

Currently natural food preservatives market is worth more than USD 406.7 Mn.

At what CAGR is the market expected to grow?

Natural food preservatives consumption is expected to grow at a CAGR of around 7% during the period 2022-2032.

How was the performance in the last five years?

In terms of revenue, natural food preservatives grew at a CAGR of around 6.1% during 2017-2021

What is boosting natural food preservatives sales?

The primary factor driving the growth of the natural food preservatives market is the rising demand for convenience items and an increasing focus on organic foods among people.

How are market players reacting to the new developments in the market?

Market players are opting for technological advancement, new product developments and production capacity expansion.

How much share does the top 5 companies hold?

The top 5 producers of natural food preservatives hold around 10-12% of the market share.

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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Nandini Singh Sawlani

Savoring Success: Hydrolysed Vegetable Protein Market to Grow to US$ 2,886.0 Million with a 7.2% CAGR

The Hydrolyzed Vegetable Protein market is set for substantial growth, aiming to reach a projected value of around US$ 2,886.0 million by 2033, with an impressive value-based CAGR of approximately 7.2% from 2023. The dominance of top players, accounting for about 36.3% in 2022, signifies a competitive landscape driving innovation and market expansion.

Hydrolyzed vegetable protein provides several health benefits, including improved digestion, a lower risk of heart disease, and a stronger immune system. Products containing hydrolyzed vegetable protein are becoming increasingly popular among consumers who are willing to pay a premium for things such as hydrolyzed pea protein snacks.

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Consumer preferences have changed in favour of plant-based protein over the last five years. This is also a result of their increased health awareness, which has increased demand for nutrient-dense food items. The advantages of products containing hydrolyzed vegetable protein for treating and preventing illnesses commonly associated with obesity and high cholesterol have been highlighted by some of the main firms along with the rise in health awareness. This has led to an increase in the sales of soy, wheat, pea, rice, flax, and other vegetarian sources of hydrolyzed protein. Soy protein is by far the most widely used of these. According to FMI’s forecast, it will represent more than 39% of the market in 2021.

Key Takeaways from the hydrolysed vegetable protein Market Study

Hydrolysed vegetable protein market will showcase growth at a positive pace through 2031. It has been forecast to exhibit 5.3% Y-o-Y growth in 2021
In North America, the U.S. has emerged dominant, accounting for 80.8% share in 2021
UK will remain a key market, exhibiting 4.1% Y-o-Y growth in 2021
Germany and France to remain lucrative markets for hydrolysed vegetable protein in Europe
Healthy growth expected in Japan and South Korea, while dominance in East Asia is likely to remain with China

Product Development by Market Players to Spur Growth Opportunities

An increasing number of consumers across the world have been showing inclination towards vegan protein. This has been encouraging companies to invest in new product development based on hydrolysed vegetable protein. The rising demand for sustainable solutions has been paving way for innovation. Besides this, preference towards products with higher shelf-life has emerged as chief driver of innovations within the market. Resultantly, a slew of product launches has been recorded in the last few years, which are expected to aid the overall expansion.

For instance, in 2019, DuPont launched six new hydrolysed vegetable protein nuggets from its SUPRO and TRUPRO product range. These new products offer more protein and less sodium and are is suitable for the manufacturers of snacks, serials, nutrition bar and others. These hydrolysed vegetable protein products include SUPRO soy protein nuggets with cocoa range and TUPRO pea protein nuggets.

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Who is winning?

A few of the leading players operating in the Hydrolysed vegetable protein market are Glanbia Plc., Cargill Inc., Kerry Group PLC, DuPont de Nemours, Inc., Tate & Lyle Plc., Fuji Oil Holdings, Inc., The Scoular Company, Wilmar International Limited, AMCO Proteins, Roquette Frères, Puris Proteins LLC, Burcon NutraScience Corporation, Axiom Foods, Inc., Ajinomoto Co., Inc., and others.

The hydrolysed vegetable protein based products market has witnessed rapid growth in the past few years. Surge in the demand for plant-based products has resulted in fierce competition among manufacturers, suppliers, retailers, and food brands. Due to increasing competition, players in the hydrolysed vegetable protein market are compelled to invest, innovate, and introduce new products.

This has resulted in the expansion of hydrolysed vegetable protein portfolio by some of the renowned market players. For instance, Kerry Company’s strategy is to target regions such as Asia, EMEA, and Latin America, for growth via expanding its production footprint and business development with key regional and local players.

Get Valuable Insights into hydrolysed vegetable protein market

Product Type

Soy Protein
Wheat Protein
Pea Protein
Rice Protein
Chia Protein
Flax Protein
Corn protein

Form

Chunks
Slice
Flakes
Granules

End Users

Household
Commercial
Industry
- Food Industry
  - Snacks & Functional Bars
  - Ready Meals
  - Sports Nutrition
  - Clinical Nutrition
  - Baby Food
  - Meat Analogues/Meat Extenders
  - Other
Animal Feed

Distribution Channel

Direct
Indirect
- Hypermarket
- Convenience Stores
- Traditional Store
- Online Retails

Region

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

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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