Expansion Valves Market Demand: Industry worth US$ 17.4 Billion by 2033

The expansion valves market is poised for significant growth, with sales projected to reach US$ 17.4 Billion by 2033, up from US$ 11.5 Billion in 2023, reflecting a robust Compound Annual Growth Rate (CAGR) of 4.2% between 2023 and 2033. The escalating demand for advanced air conditioning systems across various sectors will serve as a primary driver for this expansion.

Expansion valves are crucial components in refrigeration and air conditioning systems, responsible for regulating the flow of refrigerant into the evaporator coil. These valves play a pivotal role in controlling the pressure and temperature of the refrigerant as it transitions from a high-pressure liquid to a low-pressure liquid-vapor mixture within the evaporator.

These valves play a critical role in refrigeration and air conditioning systems by regulating the release of refrigerants, facilitating precise control of superheating, and enhancing compressor efficiency. Furthermore, they contribute to greater compressor safety and longevity by preventing refrigerant leakage into the compressor. As the adoption of air conditioning systems increases in response to global warming and rapid urbanization trends, the expansion valves market is expected to experience steady and sustained growth.

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The automotive sector remains a pivotal consumer for expansion valves, with continual growth anticipated.

Moreover, the burgeoning electric vehicle segment is forecasted to amplify the need for advanced expansion valves tailored to specific requirements.

FMI’s analysis indicates that the residential sector will predominantly drive expansion valve sales, closely followed by significant demand from the automotive industry. The increasing demand across diverse sectors is poised to propel the expansion valves market to exceed a valuation of US$ 11.5 Billion by the year 2033.

Start-up Ecosystem

In recent years, advancements in technology have revolutionized the manufacturing landscape, leading to notable enhancements in the production and efficacy of expansion valves. Particularly in sectors requiring critical applications such as healthcare and pharmaceuticals, emerging players have introduced seamless manufacturing processes. These advancements have not only resulted in cost reductions but also ensured the maintenance of stringent quality standards.

Start-up Company FabLab
Country Italy
Description

One notable example is FabLap, a pioneering start-up specializing in digital fabrication. In 2020, FabLab achieved a significant milestone by successfully manufacturing 3D-printed valves tailored for critical care patients. Under the guidance of physicist Massimo Temporelli, the founder of FabLab, these valves were meticulously developed to comply with all safety regulations. Their deployment proved invaluable during times of urgency, highlighting the crucial role of innovation in addressing critical needs.

Key Players

  • Emerson Electric Co
  • Sanhua
  • Fujikoki Corporation
  • OTTO EGELHOF GmbH & Co. KG
  • Castel S.r.l.
  • TGK CO., LTD.
  • Keihin
  • CAREL INDUSTRIES S.p.A.
  • Parker-Hannifin Corporation
  • Denso
  • Hanon Systems

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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.

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Steel Drums & IBCs Market is Expected to Reach at a US$ 21,735.2 Million Expanding at a CAGR of 4.5% | FMI

Steel Drums & IBCs Market
Steel Drums & IBCs Market

In 2023, the market for steel drums and IBCs is projected to reach a valuation of US$ 13,995.9 million worldwide. By 2023, the market is projected to grow at a compound annual growth rate (CAGR) of 4.5%, reaching US$ 21,735.2 million.

This growth trajectory reflects the persistent demand for steel drums & IBCs across various industries, driven by factors such as increasing industrial activities, stringent regulations concerning safe transportation of goods, and growing emphasis on sustainable packaging solutions. The market’s steady progression underscores its crucial role in facilitating efficient storage and transportation of liquids and chemicals worldwide.

Future Market Insights projects a comprehensive comparative and review analysis of the dynamics within the steel drums & IBCs industry, primarily influenced by various industry factors. Additionally, the market faces specific challenges related to the availability of alternatives such as fiber drums and Flexi tanks, which are expected to impede its growth.

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Germany: The steel drums & IBCs market in Germany is poised to reach US$ 668.6 million in 2023. Increasing demand for IBCs and customized solutions for industries like chemicals and pharmaceuticals is a notable trend. Automation and new technologies are enhancing transportation and storage efficiency in the market.

European Flexible Intermediate Bulk Container Association (EFIBCA): EFIBCA represents over 50 IBC manufacturers in Europe. IBCs were declared a ‘priority product’ during the COVID-19 pandemic, playing a crucial role in transporting essential healthcare and food items. IBCs were used to transport safe food supplies, protective equipment, and vital supplies, and they continue to be essential in the European food and healthcare sectors. France, a leading food producer in Europe, relies heavily on IBCs for transporting its products. The growing demand for food and healthcare products in Europe is expected to drive further demand for IBCs in the region.

The Steel Drums & IBCs Market has witnessed significant growth in recent years, driven by the increasing demand for reliable and robust packaging solutions across diverse industries. Steel drums and IBCs offer several advantages over conventional packaging options, such as plastic containers or wooden crates. Let’s delve deeper into the factors contributing to the market’s expansion.

The Recent Developments:

  • In 2019, Schutz Container Systems announced a strategic partnership with Greif, Inc. to expand its product offerings and increase its global presence.
  • In Jan 2022, Greif Inc. had a joint venture with Gulf Refined Packaging (GRP) to diversify 50% of its shares. This is expected to help the company with debt repayment.
  • In November 2020, Hoover Ferguson Group opened up a new art-of-state facility for the chemical tank and tanker truck servicing.

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Growing Demand for Steel Drums & IBCs in the Chemical Industry to Propel Market Growth in 2023

Anticipated to reach a value of US$ 5,675.7 million in 2023, the chemicals segment is poised to lead the steel drums & IBCs market. Steel drums & IBCs stand out as the preferred choice for storing and transporting chemicals, attributed to their durability, corrosion resistance, and cost-effectiveness. The increasing demand for chemicals across diverse industries, including agriculture, pharmaceuticals, and manufacturing, is expected to drive the demand for steel drums & IBCs in the upcoming year. Furthermore, the industry’s focus on eco-friendly and sustainable solutions is projected to further propel growth within this segment.

The Major Key Players Are:

  • Greif Inc.
  • Hoover Ferguson Group
  • Snyder Industries, Inc.
  • SCHÜTZ GmbH & Co. KGaA
  • Mauser Packaging Solutions
  • Thielmann US LLC
  • Time Technoplast Ltd.
  • Custom Metalcraft, Inc.
  • Automationstechnik GmbH
  • Transtainer
  • Hawman Container Services
  • Schafer Werke Gmbh
  • Obal Centrum s.r.o.
  • others

Key Segmentations:

By Capacity Type:

  • Steel Drums
    • 200 Litre
    • More than 200 Litre
  • IBCs
    • Up to 500 Litre
    • 501-1,000 Litre
    • 1,001-1,500 Litre
    • Above 1,500 Litre

By End Use:

  • Chemicals
  • Petroleum & Lubricants
  • Paints, Inks, & Dyes
  • Food & Beverage
  • Building & Construction
  • Healthcare & Pharmaceuticals
  • Others (Agriculture, etc.)

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
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Polypropylene Packaging Films Market is Projected to Reach at a US$ 54022.3 Million by 2033 | FMI

Polypropylene Packaging Films Market
Polypropylene Packaging Films Market

The market for polypropylene packaging films is anticipated to grow from its estimated US$ 31314.94 million in 2023 to US$ 54022.3 million by 2033. The United States, China, India, and the United Kingdom are expected to emerge as the main producers of polypropylene packaging films, with a consistent compound annual growth rate (CAGR) of 5.6%.

Factors such as increasing demand for flexible and lightweight packaging solutions across various industries contribute to this optimistic outlook. As industries prioritize cost-effective and sustainable packaging options, polypropylene packaging films are poised to play a pivotal role in meeting evolving market needs and driving continued expansion.

The polypropylene packaging films market is witnessing a sea change in consumer behavior, with sustainability being the foremost concern. As a result, there is a burgeoning demand for packaging solutions that are eco-friendly, renewable, and biodegradable. This has led to the adoption of polypropylene packaging films made from sustainable materials, which is becoming a fast-growing trend in the industry.

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In addition, there is an increasing preference for lightweight and flexible packaging solutions that offer convenience, ease of use, and portability. The inherent properties of polypropylene packaging films, such as excellent flexibility and lightness, make them the go-to choice for manufacturers to package a wide variety of products.

Another trend that is driving the polypropylene packaging films market is the demand for high-barrier packaging solutions that can protect products from moisture, oxygen, and other external factors that could degrade the quality of the product. Polypropylene packaging films with high-barrier properties are highly valued in the food and beverage industry.

Finally, consumers are seeking packaging solutions that are unique and personalized to their preferences. Manufacturers are addressing this need by offering customized polypropylene packaging films tailored to meet their customers’ specific requirements, resulting in an increased focus on innovation and differentiation.

Key Takeaways

  • The polypropylene packaging films market is intensely competitive, with established players having strong customer relationships.
  • Sustainable and eco-friendly packaging solutions are in high demand.
  • The U.S. market is expected to hold a market share of 14.4% in 2022.
  • Lightweight and flexible packaging is increasingly popular.
  • High-barrier packaging is necessary to protect products from external factors.
  • Customized packaging solutions are becoming increasingly important to consumers.
  • Technological advancements are shaping the future of polypropylene packaging films.

Key Players:

  • Polyplex Corporation Ltd.
  • Panverta
  • LyondellBasell Industries Holdings.
  • Blueridge Films, Inc.
  • TRINIFLEX
  • Jindal Poly Films.
  • MITSUI CHEMICALS AMERICA INC.
  • Cosmo Films Ltd.

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Competitive Landscape

The polypropylene packaging films market is fiercely competitive, with established players fighting tooth and nail for a larger slice of the pie. These seasoned players have deep-rooted relationships with their customers, making it a daunting task for new players to enter the game.

However, in this cut-throat market, innovation is the name of the game. Startups are blazing a trail and making their presence felt with their revolutionary products and technologies that are shaking up the industry. These startups are leveraging the latest scientific and technological advancements to create packaging solutions that are not only environmentally friendly but also cost-effective and high performing. In addition, they are expanding the scope of polypropylene packaging films by exploring novel applications that were previously not possible with conventional packaging materials.

Key Segmentations:

By Product Type:

  • BOPP
  • CPP

By Film Format:

  • Clear Films
  • Coated Films
  • Matte Films
  • White Films
  • Metallized Films

By Thickness:

  • Up to 18 microns
  • 18 to 50 microns
  • 51 to 80 microns
  • Above 80 microns

By Application:

  • Bags & Pouches
  • Lamination
  • Tapes
  • Labels
  • Wraps
  • Others

By End Use:

  • Food & Beverages
  • Personal Care & Cosmetics
  • Electric & Electronics
  • Industrial
  • Pharmaceuticals & Medical
  • Tobacco
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • 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
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Unlocking Opportunities in the Carbonate Minerals Market: Reach US$ 80,508.3 Million by 2029

Carbonate Minerals Market
Carbonate Minerals Market

Widespread usage of paper in the fast moving consumer goods (FMCG) sector boosts the growth of the paper industry, which eventually leads to escalation of demand for carbonate minerals that are used in manufacturing paper.

Registering revenues of more than US$ 53 Billion in 2022, the global carbonate minerals market is projected to exhibit a healthy CAGR during the forecast period of 2022 – 2029. Furthermore, carbonate minerals are used as both building materials and as an ingredient in cement. Flourishing construction industry is thus another major factor that creates positive prospects for the growth of carbonate minerals market.

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Key Takeaways – Carbonate Minerals Market Study

  • The paper industry, particularly for printing and writing paper, is found to be the largest user of carbonate minerals, which is either used as a filler or as a coating on paper.
  • The finishing characteristics of paper such as gloss, whiteness, and ink are determined by the combination of minerals used. The rise in usage of calcium carbonate in the manufacturing of paper for improving the finishing of paper is correspondingly enhancing the demand for carbonate minerals.
  • Carbonate minerals have extensive applications in the construction industry. These minerals are present in the form of components of the binding agent in aggregates, mudstones, sandstone, and coal.
  • Carbonate minerals are widely used in paints & coatings as they improve brightness and helps to improve reliability and consistency of the coating, resulting in increased demand over the forecast period.
  • Asia Pacific excluding Japan (APEJ) region is leading the carbonate minerals market by virtue of continuous growth in the building and construction industry in developing countries from this region like China and India.

Carbonate Minerals Market Participant Insights

The market for carbonate minerals has remained competitive with the presence of giant players with expertise in advanced manufacturing. With the aim of sustaining their positions in the market in the long run, solidification of the supply chain in regions such as the Middle East & Africa, APEJ, and Japan will be the key strategy adopted by market participants. Furthermore, players give importance to compliance with quality standards for production, while catering to the specific demands from the end users.

Why Demand for Carbonate Minerals is Rising in the U.S.?

The U.S. is projected to account for approximately 67.5% of the North America carbonate minerals market in 2029. In 2022, the market is expected to grow by 6.5% year-on-year, reaching a valuation of US$ 7,260.7 Million by the end of 2022.

High investments in advanced mining technologies is augmenting the sales of carbonate minerals in the country. Private construction sector is growing with significant growth rate and contributes to more than 70% share in the construction industry. Moreover, the presence of leading companies like Minerals Technologies, Inc., IMERYS Carbonates LLC, and Huber Engineered Materials is expected to bolster the growth of these minerals in the country.

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Carbonate Minerals Markey by Category

By Mineral Type:

  • Calcite
  • Magnesite
  • Aragonite
  • Smithsonite
  • Dolomite

By Source Type:

  • Natural
  • Synthetic

By End Use:

  • Food and Beverage
  • Paints and Coatings
  • Plastic and Rubber
  • Paper and Pulp

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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Pre-Insulated Pipe Market Set to Surge US$ 10.6 Billion by 2033

Pre-insulated pipes are designed to efficiently transport fluids while minimizing heat loss or gain.

The Pre-Insulated Pipe Market is poised for substantial expansion in the coming years, with forecasts indicating a potential valuation of US$ 10.6 Billion by 2033. This growth trajectory is underpinned by a projected Compound Annual Growth Rate (CAGR) of 5.7%.

Several factors are driving this upward trend, including heightened adoption of pre-insulated pipes across various sectors. The market has already experienced notable growth, a trend expected to persist due to the escalating demand for modern district energy systems, ensuring a sustained and robust market growth trajectory.

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Growth Factors

Increasing global efforts and stringent regulatory measures aimed at reducing carbon emissions and promoting the construction of energy-efficient buildings.

Elevated focus on Research and Development endeavors geared towards enhancing the performance and durability of pre-insulated pipes.

Growing market demand for premium-grade products from emerging economies’ industries, driven by their pursuit of quality and efficiency.

Rapid advancements in technology, particularly in digitalization, connectivity, and the integration of Internet of Things (IoT) solutions within the pre-insulated pipe sector, fueling innovation and market growth.

Some of the leading companies

  • Georg Fischer AG
  • Uponor Corporation
  • Watts Water Technologies
  • LOGSTOR A/S
  • Brugg Group Ag
  • Polypipe Group PLC
  • Vital Energi Utilities Limited
  • Perma-Pipe International Holdings Inc.
  • Elips – Empower Logstor
  • KE KELIT
  • Thermaflex International Holding b.v.
  • Ecoline S.R.L.
  • Aquatherm GmbH
  • CPV LTD
  • Insul-Pipe Systems
  • Thermal Pipe Systems, Inc.
  • IPL Pre-Insulated Pipes
  • Unifix Plast Pvt. Ltd.
  • ZECO Aircon Ltd.

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Market By Segment

By Material Type:

  • Metal & Alloys
  • Polymers

By Pipe Configuration:

  • Single Pipe
  • Twin Pipe

By Installation:

  • Below Ground
  • Above Ground

By End User:

  • District Heating and Cooling
  • Oil & Gas
  • Chemical
  • Pharmaceutical
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • 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.

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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Unlocking Growth in the Cooling Water Treatment Chemicals Market: Capitalizing on the Power and Food & Beverage Industries

Cooling Water Treatment Chemicals Market
Cooling Water Treatment Chemicals Market

During the forecast period 2023-2033, the cooling water treatment chemicals market is expected to grow at a value of 6% CAGR, according to Future Market Insights. By the year 2033, the global market for cooling water treatment chemicals is expected to rise up to a market valuation of US$ 12,614 Million. Increasing demand from the power industry and the food and beverage industry is a major driving factor for the market.

The food & beverages, oil & gas, power, and textile industries are among the major end users of cooling water treatment chemicals. Cooling water treatment chemicals are the chemical agents that help remove harmful bacteria from cooling systems. It is mainly used to protect the systems from corrosion, prevent and slow down the processes of scale formation and fouling, and control the growth of harmful bacteria. Cooling water treatment chemicals can contribute to the greater efficiency and safety of high-pressure boilers, turbines, and cooling towers.

Corrosion inhibitors are the majorly used water treatment chemicals in the cooling water treatment industry. The use of corrosion inhibitors in cooling water systems improves efficiency of the system, thus facilitating maximum heat transfer, improving process throughput, and reducing the downtime for cleaning, helping the system to run for a longer time. Although, the COVID-19 pandemic affected the demand for cooling water treatment chemicals, the functioning of end user industries is expected to create lucrative opportunities for the market.

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Corrosion inhibitors are designed to ensure metal protection and prevent metal loss, which may lead to critical system failures in recirculating water piping, process cooling equipment, and heat exchangers. The wide application of cooling water chemical treatments in various end user industries is increasing the adoption of the same. Furthermore, the establishment of small and medium scale industries is favoring the growth of cooling water treatment chemicals market.

Key Takeaways from the Market Study

  • The global cooling water treatment chemicals market is expected to grow with a 6% CAGR during 2023-2033.
  • By end use, the food and beverage industry is expected to possess 30% market share for cooling water treatment chemicals market.
  • North America water treatment chemicals market is expected to grow by 4.5% annually in the forecast period and reach U$ 17 Billion by 2033,
  • Asia Pacific is expected to hold 45% market share for cooling water treatment chemicals in 2023.

“Increasing application of cooling water treatment in end user industries that range from power industry to food and beverage is positively influencing the demand for the market,” comments a Future Market Insights analyst.

Competitive Landscape

Key players in the cooling water treatment chemicals market are Accepta, Albemarle Corporation, Buckman, Chemtex Speciality Limited, ChemTreat Inc., DuBios Chemicals, Ecolab, Veolia Water Technologies, Kemira Oyj and Kurita Water Industries Ltd

  • Albemarle Corporation, a key company specializing in chemical production has undertaken research to understand the changing nature of end user industries and is manufacturing chemicals to treat water.
  • DuBios Chemicals, another key player in the cooling water treatment chemicals market is focusing on providing cost efficient and sustainable solutions with its customized equipment that will serve different end user industries.

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More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global cooling water treatment chemicals market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023-2033.

The study reveals essential insights on the basis of type (Scale Inhibitors, Corrosion Inhibitors, Biocide, Other Types), end use (Power Steel, Mining, & Metallurgy, Petrochemicals, Oil & Gas, Food & Beverages, Textile and Others), and regions (North America, Latin America, Europe, Asia Pacific, and 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 ~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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Batters and Coatings Market Up to Reach US$ 670.1 Million by 2032 Attractive Investment Opportunity in Plant-Based, Nutritious Products

 batters and coatings market
batters and coatings market

The batters and coatings market size is set to be valued at US$ 670.1 Million by 2032 and is projected to reach US$ 403.6 Million in 2022. The market is anticipated to grow at a CAGR of 5.2% in the forecast period from 2022 to 2032.

Compared to animal products, plant-based products are healthier and safer. One of the major global market drivers for batters and coatings is the growing veganism trend. The primary causes of their growing use are their versatility in a variety of applications and the growing acceptability of batters and coatings among consumers who are health-conscious.

Another aspect that affects sales is the adaptability of batters and coatings. These two components can be the foundation of countless savoury and sweet cuisines. Because they are made of substances derived from plants, batter and coatings are regarded as appropriate for vegans and those with gluten sensitivity.

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So, if someone wishes to enhance their protein consumption in a tasty and healthy way, batters and coatings may be helpful. Given their growing popularity, a person is sure to locate a product that suits his or her demands. In order to keep up with the shifting market trends for these products, producers of batters and coatings are coming up with inventive ways to incorporate their products into a variety of processed foods.

Key Takeaways:

  1. Market Expansion: The global batters and coatings market is poised to reach an impressive valuation of US$ 670.1 million by 2032, exhibiting a robust CAGR of 5.2% from 2022 to 2032. This growth is driven by the increasing demand for convenient, plant-based products, aligning with the rising trend of veganism worldwide.
  2. Versatility and Adaptability: Batters and coatings are gaining popularity due to their adaptability to a diverse range of applications and cuisines. They are considered suitable for vegans and those with gluten sensitivity, contributing to their widespread acceptance among health-conscious consumers.
  3. Regional Dynamics: India holds a significant share of approximately 6.2% in the batters and coatings market in South Asia. Furthermore, the market in the U.K. is expected to witness rapid growth with a CAGR of 4.4%, while Germany is projected to experience a high CAGR of 28.9% during the forecast period.

Unique Selling Proposition (USP):

Enhanced Nutrition in Every Bite: Batters and coatings serve as a delicious and healthy way to boost protein consumption. With a myriad of options available, consumers can find products that suit their dietary preferences, offering a perfect blend of taste and nutrition.

Growing Factor:

Rising Demand for Nutritious Products: The batters and coatings market is set to flourish as health-conscious consumers increasingly seek nutritious options. With the surge in the consumption of ready-to-cook meals, the market is expected to witness substantial growth, presenting a lucrative opportunity for investors.

Calling All Investors:

Investment Outlook: The batters and coatings market presents an enticing investment opportunity with a projected CAGR of 5.2%. As consumers continue to prioritize health and convenience, investors can capitalize on this growing market by aligning their portfolios with the flourishing plant-based food industry.

In a world where health-conscious choices and culinary diversity converge, batters and coatings emerge as a pivotal player, offering a perfect blend of taste, health, and convenience. As the market continues to soar, investors have the chance to savor the success of this thriving industry.

 

Key Takeaways:

  • India currently holds a batters and coatings market share of around 6.2% in South Asia.
  • Based on batter type, the tempura segment is expected to reach 4.3% in the batters and coatings market in 2022.
  • By coating type, the cracker meal segment is projected to account for a share of 2.5% in 2022.
  • During the forecast period, the batters and coatings market in the U.K. is expected to grow at a rapid CAGR of 4.4%.
  • During the forecast period, the Germany batters and coatings market is set to grow at a high CAGR of 28.9%.

“The batters and coatings market is expected to continue to grow at a rapid pace as health-conscious consumers increasingly demand nutritious products. Moreover, surging consumption of ready-to-cook meals with hectic lifestyles is likely to push the global market in the forecast period,” says a lead analyst at Future Market Insights.

Competitive landscape: Batters and Coatings Market

Top 5 manufacturers of batters and coatings are Pinnacle Foods, Inc., General Mills, Inc., Kellogg Company, Conagra Brands, Inc., and CSM Bakery Solutions. These companies are currently holding 20% to 30% of the global batters and coatings market share.

Several companies are using batters and coatings in their in-house products. Batters and coatings are mainly used to improve the texture, flavor, and appearance of food. They can also be used to extend the shelf life of food.

There are a variety of batters and coatings available on the market, and each has its own unique benefits. For example, some batters and coatings can help improve the crispiness of fried foods, while others can provide a smoother texture. With increasing research & development activities and technological advancements, key companies are finding new techniques to effectively use batters and coatings to their maximum potential.

Batters and coatings are used by companies like General Mills. It is a food product that helps to bind and hold together ingredients in foods like breaded chicken or fish. The product can also help to provide a crispy or crunchy texture to foods. It is made from flour, water, and other ingredients, and is typically sold in a dry mix form.

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

The study provides valuable insight on the batters and coatings market based on by distribution channel (offline, online), by application (meat, fish, bakery products, seafood, cereal, snack vegetable, dairy), by batter type (adhesion, tempura, beer, thick, wheat flour, corn flour, customized), by form (dry, liquid), by coating type (bread crumbs, cracker meal, spices and herbs, others), and by region.

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Batters and Coatings Market Outlook by Category

By Distribution Channel:

  • Offline
  • Online

By Application:

  • Meat
  • Fish
  • Bakery Products
  • Seafood
  • Cereal
  • Snack Vegetable
  • Dairy

By Batter Type:

  • Adhesion
  • Tempura
  • Beer
  • Thick
  • Wheat Flour
  • Corn Flour
  • Customized

By Form:

  • Dry
  • Liquid

By Coating Type:

  • Bread Crumbs
  • Cracker Meal
  • Spices and Herbs
  • Others

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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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Condition Monitoring Service Market Growth: Industry worth US$ 9.7 billion by 2033

Condition monitoring service refers to the process of regularly evaluating the condition of machinery, equipment, or assets to identify any potential issues or abnormalities that could lead to failure or downtime. It involves the use of various techniques and technologies to assess the health and performance of critical components, such as motors, pumps, bearings, and other mechanical systems.

The global Condition Monitoring Service Market is expected to reach a value of US$ 3.5 billion in 2022, with continued strong demand projected throughout the forecast period. This demand is driven by the escalating occurrence of machine failures across various industries. By 2033, the market is forecasted to surge to US$ 9.7 billion, reflecting a robust compound annual growth rate (CAGR) of 9.8% from 2023 to 2033. In 2023, the market is expected to achieve a valuation of US$ 3.8 billion, indicating sustained growth momentum.

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Competitive Landscape in the Condition Monitoring Service Market:

  • Key players in the global condition monitoring service market are actively engaged in introducing innovative products and services to broaden their service portfolios. Some companies are also pursuing mergers and acquisitions to enhance their competitive position. For instance,
    • In April 2021, NSK Ltd, a prominent industrial machinery solutions provider in Japan, unveiled its latest condition monitoring and diagnostic software, ACOUS NAVITM. This software is designed to be compatible with the FANUC Intelligent Edge Link & Drive (FIELD) system, targeting the manufacturing industry.
    • SKF, a leading provider of condition monitoring solutions, has been focused on integrating digital technologies and data analytics into its services. Their efforts include the development of advanced monitoring systems that incorporate vibration analysis, oil analysis, thermography, and other techniques for comprehensive condition monitoring solutions. Additionally, SKF has expanded its offerings to encompass wireless and cloud-based monitoring solutions for real-time data analysis.
    • Emerson, another major player in the market, offers a diverse range of condition-monitoring services. They have been investing in cutting-edge technologies like machine learning and artificial intelligence (AI) to enhance their solutions. Emerson’s predictive maintenance platforms leverage AI algorithms to analyze data from various sensors, providing actionable insights for proactive maintenance. These solutions are aimed at improving equipment reliability, reducing downtime, and optimizing maintenance strategies.

Key Companies Profiled

  • Schaeffler Technologies AG & Co.
  • Marketing Strategy
  • Kirloskar Brothers Ltd
  • Siemens AG
  • Honeywell International Inc.
  • ABB Ltd.
  • Emerson Electric Co.
  • Rockwell Automation, Inc.
  • Fluke Corporation
  • Parker Hannifin Corp.
  • General Electric
  • Festo Group
  • AB SKF
  • Fuji Electric
  • Eaton Plc
  • Meggit PLC
  • PCE Instruments
  • AIMIL ltd.
  • Bachmann Electronic GmbH
  • Ingeteam
  • Bruel & Kjaer Vibro GmbH

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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.

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Global Lithotripsy Devices Market Poised for Significant Growth at a CAGR of 4.9% by 2032

Lithotripsy Devices Market
Lithotripsy Devices Market

The global lithotripsy devices market is projected to witness significant growth, expanding at a CAGR of 4.9% and reaching a valuation of US$ 2.4 Billion by 2032, up from US$ 1.4 Billion in 2021. This growth is attributed to the rising prevalence of urolithiasis (kidney stones) and the increasing demand for minimally invasive procedures among patients.

Market Drivers:

  • Growing Incidence of Urolithiasis: The number of individuals suffering from urolithiasis is steadily rising, creating a greater need for effective treatment solutions like lithotripsy.
  • Shift Towards Minimally Invasive Procedures: Patients are increasingly seeking minimally invasive procedures due to their associated benefits like shorter hospital stays and faster recovery times. Lithotripsy offers a non-invasive option for treating kidney stones, making it a preferred choice for many patients.

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Lithotripsy Devices: A Minimally Invasive Solution for Kidney Stones:

Lithotripsy devices are used in a minimally invasive surgical procedure to fragment kidney stones into smaller pieces that can easily pass through the urinary tract. This non-surgical approach offers significant advantages over traditional surgeries, minimizing patient discomfort and recovery time.

Regional Growth Potential:

The global lithotripsy devices market is segmented into various regions, each with its own growth trajectory:

  • North America: Currently dominates the market due to the high prevalence of kidney stones and a large patient base.
  • Europe: Expected to experience significant growth due to advancements in healthcare infrastructure and rising awareness about minimally invasive procedures.
  • East Asia and South Asia: Poised for rapid growth due to increasing adoption of advanced technologies and rising awareness about lithotripsy devices.
  • Latin America and Middle East & Africa: These regions are expected to witness substantial growth in the coming years due to developing healthcare infrastructure and growing awareness about urolithiasis.

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Conclusion:

The lithotripsy devices market presents a promising growth opportunity driven by the rising burden of urolithiasis and the growing preference for minimally invasive procedures. As healthcare infrastructure continues to develop and patient awareness about lithotripsy devices increases, this market is expected to witness significant expansion in the coming years.

Key Players:

  • Richard Wolf GmbH
  • MedTech
  • Bio-Rad Laboratories, Inc.
  • Olympus Corporation
  • Boston Scientific Corporation
  • Abaxis
  • Hologic Inc.
  • DirexGroup
  • KARL STORZ SE & Co. KG
  • Lumenis Be Ltd.
  • Dornier MedTech
  • Walz Elektronik GmbH

Key Segments Covered in the Lithotripsy Devices Industry Survey:

By Type:

  • Extracorporeal Shock Wave Lithotripsy Devices
  • Intracorporeal Lithotripsy Devices

By Application:

  • Kidney Stones
  • Ureteral Stones
  • Pancreatic Stones
  • Bile Duct Stones

By End User:

  • Hospitals
  • Ambulatory Surgical Centers
  • Speciality Clinics

By Region:

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

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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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Future Market Insights Inc.
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T: +1-845-579-5705
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Coil Coatings: A Market with Huge Potential and Growth Opportunities

Coil Coatings Market
Coil Coatings Market

 

The coil coatings market is poised for substantial growth, with a projected Compound Annual Growth Rate (CAGR) of 4.7% anticipated until 2033. Forecasted to expand from US$ 5.24 billion in 2023 to US$ 8.29 billion by 2033, this sector is expected to witness significant advancements. This growth trajectory can be attributed to various factors such as increasing demand for coil coatings across industries like construction, automotive, and appliances, driven by their ability to enhance durability, corrosion resistance, and aesthetics of coated materials.

The technical coil coatings available in the market are cost-effective and efficient ways to pre-paint aluminum and steel substrates in various industries, including construction, furniture, transportation, and household appliances.

Increasing demand for enduring value and high-end aesthetics are fueling the application of coil coatings in the building and construction industry in roofing and siding, doors, ceiling grids, windows, etc.

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Robust industrial development and thriving construction sector in emerging economies are augmenting the market sales of functional coil coatings. Further, the construction and renovation activities are prominently observed in the Asia Pacific region, thus giving impetus to the consumption of coil coatings.

Some of the underway construction projects in the Asia Pacific are the Hamamatsucho Shibaura 1 Chome Redevelopment project, which is valued at US$ 3,170 million. The project is expected to be accomplished by 2030 in Tokyo, Japan.

Another related project is called the Wuhan Fosun Bund Center T1 project, which includes the construction of Fosun Bund Center T1 in Wuhan, China. As a result, the surge in construction projects is anticipated to propel the demand for coil coatings in the Asia Pacific.

The market is also bolstered by the increasing demand for transport vehicles. The automotive sector in India is expected to witness solid sales in the Asia Pacific region due to the consumers’ interest in personal automobiles over public transportation.

As per OICA, automobile production in India totaled 54,56,857 units in 2022, exhibiting a surge of 24% compared to 2020. As a result, the Asia Pacific industry is expected to be considerably influenced by accelerating automobile manufacturing.

Top Highlights from the Global Coil Coatings Market Report

  • Canada’s market is expected to fare well in the coming years as construction projects increase in the country due to heightened migration.
  • The coil coatings market in China is expected to swell at a considerable pace, given the surging investments in the transportation and automotive industries.
  • India is another key market for coil coatings due to the rising expansion of companies in the country to gain from the accelerating India’s economy.
  • Manufacturers have spotted Australia as a significant market that is expected to catalyze the revenues of manufacturers able to capture the market for coil coatings.

Key Companies Profiled

  • Akzo Nobel N.V.
  • The Chemours Company
  • Axalta Coating Systems
  • PPG Industries
  • Becker Group
  • The Valspar Corporation
  • Henkel AG & Co. KGaA
  • Kansai Paint Co. Ltd.
  • Eastman Chemical Company
  • Noroo Coil Coatings
  • ALCEA
  • Dura Coat Products, Inc.
  • Italcoat S.r.l.
  • Huehoco GmbH

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Coil Coatings Market Segmentation

By Material Type:

  • Polyester
  • Epoxy
  • PVC
  • Plastisols
  • Acrylic
  • Polyurethane
  • PVDF
  • Silicone

By End Use:

  • Construction
  • Transportation
  • HVAC
  • Metal Furniture
  • Others

By Product Type:

  • Topcoats
  • Primers
  • Backing Coats
  • Others

By Application:

  • Steel
  • Aluminum

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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