Disposable Cutlery Market is Projected to Reach at a US$ 2.6 Billion by 2033 | FMI

As per the recent market research conducted by FMI, the global disposable cutlery market is expected to value US$ 2.6 billion by 2033. In 2023, the market size is anticipated to be US$ 1.6 billion. The CAGR during the forecast period is projected to be at 4.9%.

The COVID-19 pandemic has taught the world to focus more on hygiene. Owing to this, the food sector has been laying lots of emphasis on cleanliness. This has led to an increase in the demand for disposable cutlery as these are hygienic and wrapped when sold by manufacturers.

The manufacturers in the market are making use of biodegradable products to put a check on land pollution. Moreover, biodegradable disposable cutleries are affordable as compared to their non-biodegradable counterparts.

The cloud kitchen market has been witnessing massive growth over the past few years. The US$ 65 billion worth of cloud kitchen market presents huge opportunities. The key players who are into cloud kitchens are making bulk purchases of disposable cutlery items. These are being given as complimentary products to the end customers.

The frozen food market is also expected to surge the sales of disposable cutlery during the forecast period. By 2025, the frozen food market is set to exceed US$ 320 billion. The wooden disposable cutleries are preferred as these are sturdy and the same time light as well. However, the adoption of plastic disposable cutleries is expected to challenge the growth as these lead to an increase in pollution.

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FMI analysts are of the view that increasing focus on hygiene, application of biodegradable products, growth of cloud kitchen market and frozen food market, and number of other factors are expected to surge the disposable cutlery market during the forecast period.

Key Takeaways:

  • In 2023, the market size is likely to be at US$ 1.6 billion.
  • By 2033, the numbers are expected to be at US$ 2.6 billion.
  • The market is expected to record a CAGR of 4.9%.
  • On the basis of regional analysis, Asia Pacific is expected to hold the leading market share.
  • The United States market is expected to secure a CAGR of 3.8%.
  • The United Kingdom is projected to register a CAGR of 4.2%.
  • Germany market is anticipated to witness a CAGR of 3.9%.
  • India market is expected to advance at a CAGR of 7.8%.
  • China market is projected to post a CAGR of 6.8%.
  • On the basis of fabrication process, the thermoforming segment is expected to hold the leading market share, and is projected to expand at a CAGR of 4.5%.
  • On the basis of cutlery type, the dispensed cutlery segment is projected to hold the dominant position in the market, and is anticipated to advance at a CAGR of 4.4%.

Competitive Landscape:

The manufacturers who are operating in the disposable cutlery market are taking important steps toward sustainable development. Thus, there is an increasing effort toward adopting green products. The key players are also making massive investments in mergers and acquisitions to increase their market share. There are also lots of emphasis being laid on making use of the latest technology in order to produce the product of the right dimensions. Manufacturers are investing in research and development activities to focus on quality. The idea is also to invest in marketing and sales activity in order to increase awareness about the product.

In December 2022, Huhtamaki’s MSCI score was upgraded to ‘A,’ driven by improved management practices and decreased water intensity.

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Disposable Cutlery Market Segmentation

By Product Type:

  • Spoon (Plastic, Wood)
  • Fork (Plastic, Wood)
  • Knife (Plastic, Wood)

By Fabrication Process:

  • Thermoforming
  • Die Cutting
  • Injection Molding

By Cutlery Type:

  • Wrapped Cutlery
  • Dispensed Cutlery

By Sales Channel:

  • Direct Sales
  • Distributors
  • E-retail
  • Retailers (Hypermarkets, Supermarkets, Convenience Stores, Specialty Stores, Discount Stores & Warehouse/Wholesale Clubs)

By End Use:

  • Food Service Outlets (Hotels, Restaurants & Cafes, Quick Service Restaurants)
  • Institutional Food Services (Cinemas, Airline & Railway Catering, Schools & Offices, Hospitals)
  • Household Use

By Region:

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

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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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Revolutionizing Markets: Citrus Solvents Ascendance to a $2.7 Billion Phenomenon by 2033

Citrus Solvents Market
Citrus Solvents Market

The global market for products manufactured with Citrus Solvents Market is anticipated to reach US$ 1.5 billion in 2022. The appeal of natural products is the main factor driving the market. With a CAGR of 5.5% from 2023 to 2033, it is anticipated to have produced US$ 2.7 billion by 2033.

The substance is used in a variety of industrial fields, primarily as a degreaser, paint thinner, scent, as well as insect repellant. These are also a common component in many products for home care. Home cleansers with citrus solvents are being introduced by a number of market participants, which is anticipated to boost company sales.

In place of artificial solvents, citrus solvents are also employed in personal care products. It provides certain qualities like antioxidants and scent, which raises the product’s worth. Additionally, they are employed as cleaning agents in a variety of sectors. For instance, the coating and paint industry uses it as a thinner.

These items are biodegradable and include solvents that are found in nature. Its primary constituent is citrus oil. It possesses distinctive chemical characteristics and pleasant citrus aromas that are employed in a variety of chemical applications. They are principally employed in the production of secondary cooling fluids as well as solid paints.

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Key Takeaways from the Market Study

  • The sales of citrus solvents increased at a CAGR of 3.9% between 2018 and 2022.
  • In terms of market share in 2023, the organic nature category is anticipated to command a 39.2% share.
  • In 2023, industrial and household cleaners are anticipated to hold a 31.2% value market share.
  • In 2023, direct sales will have a 58.2% market share when compared to other sales channels.
  • The United States’ market share in North America is predicted to be 89.6% in 2023 and to increase to 91.2% in 2033.
  • In 2023, Brazil is anticipated to have a 42.1% value market share.

Competitive Landscape

Mergers and acquisitions, as well as the introduction of new products, are among the primary techniques used by market participants to achieve convergence and enhance their offers. Cost reduction and increased market presence in specialized applications are the main objectives of major industry participants.

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Prominent players in the citrus solvents market are:

  • Lemon Concentrate S.L.
  • Citrosuco S.A.
  • Louis Dreyfus Company B.V.
  • Sucocitrico Cutrale Ltd.
  • Peace River Citrus Products
  • Archer Daniels Midland Company
  • Norkem Group
  • Citrus Oleo
  • Mentha & Allied Products Ltd.

Some key developments of the leading companies in this market are:

  • The primary business of Lemon Concentrate is the distribution and marketing of all varieties of fruit juice concentrations to the food and beverage processing sector on a global scale.
  • The business started as a joint venture involving two extremely specialized businesses that produced processed tropical, citric fruits as well as fruit concentrates. LemonConcentrate is a reputable supplier of lemon, orange, and clementine goods with more than 50 years of expertise in the food processing along with fruit concentrates industries.

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Key Segments Profiled in the Global Citrus Solvents Market

By Nature:

  • Organic
  • Conventional

By Application:

  • Insecticides
  • Industrial & Domestic Cleaners
  • Paints and Coatings
  • Skin and Hair Care
  • Printing Ink
  • Others

By Sales Channel:

  • Direct Sales
  • Modern Trade
  • Specialty Store
  • Mono Brand Store
  • Online Retailers
  • Other Sales Channel

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • 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
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Electric Dental Handpiece Market Envisioning a Surge Towards US$ 473.1 Million by 2028

According to the most recent market research report from FMI, the size of the global electric dental handpieces market was estimated to be worth US$ 331.4 million in 2021, or roughly 5.8% of the dental equipment sector overall.

Sales of electric dental handpieces are expected to increase at a 5.2% compound annual growth rate (CAGR) to reach US$ 473.1 million by 2028. It is projected that the market for brush motors would expand at a compound annual growth rate (CAGR) of 5.2% between 2022 and 2028.

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A dental handpiece is an instrument used to hold dental burs, disks, or cups in order to perform tooth removal or to perform cleaning and polishing of teeth or restorative material. The instrument is available in two modalities that includes air driven and electrically driven handpieces. It is powered by either electric motor or air turbines.

Electric Dental Handpiece Market: Dynamics The growth of the global electric dental handpiece market is helped by a lot of factors. Mostly the technological advancements have been a contributor in the market’s growth. The increase in dental disorders also plays a crucial role in augmenting market revenue. People have started using more artificial products and there is a visible increase in the carelessness towards teeth, which has increased the rate of dental disorders. There is also an increase in the spending of people on costly dental treatments.However not every region is economically stable, which makes certain countries within such regions incapable of purchasing these costly instruments. Stringent regulations on the manufacturing of dental devices in under developed regions can be a factor that restricts revenue growth of the global electric dental handpiece market.

Segmental Analysis

  • Based on the regional analysis, North America dominates the market with a higher revenue share than other regions. However, Western Europe is expected to lead in terms of a high CAGR of 5.7% during the forecast period
  • Based on motor type, brushless motors is the dominating segment of the market, and it is also the fastest growing segment with a CAGR of 5.8% during the forecast period
  • In terms of end user, the dental clinics segment leads the market with the maximum revenue and the highest growth rate

Global Electric Dental Handpiece Market: Competitive Landscape

This research report lists the top companies in the market along with brief business profiles. These profiles include the current as well as the future strategies of the companies studied. According to the market analysis, A-dec Inc. held the maximum revenue share in 2016. Some of the other major players mentioned in the report include

  • KaVo Dental GmbH (Danaher Corporation)
  • Dentsply Sirona Inc.
  • Nakanishi Inc.
  • A-dec Inc.
  • Bien-Air Medical Technologies
  • SciCan Ltd.
  • DentalEZ Group
  • Brasseler USA
  • W&H Dentalwerk Bürmoos GmbH
  • Lares Research etc.

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Key Segments of Electric Dental Handpiece Industry Survey Electric Dental Handpiece Market by Motor Type

  • Brush Motors
  • Brushless Motors

Electric Dental Handpiece Market by End User

  • Hospitals
  • Dental Clinics
  • Others

Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

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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Energizing Investments: Exploring the US$39.3 Billion Power Transformer Market Landscape

Power transformers are indispensable elements in electrical infrastructure, facilitating the transmission and distribution of electricity across vast networks.

The power transformer market is projected to grow at a 5% CAGR, with a global market value of US$ 24.1 billion in 2023. According to Future Market Insights (FMI), the market is anticipated to surpass US$ 39.3 billion by the end of 2033.

In order to transmit electricity between networks with minimal loss and frequency shift, power transformers are essential parts of power grids. In the upcoming years, the demand for power transformers will be fueled by rising investments in the construction of power grid networks and distribution channels to provide access to electricity in rural places.

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Here’s an exploration of their significance:

  1. Essential Link in Energy Transmission: Power transformers serve as crucial links in the energy transmission chain, allowing electricity generated at power plants to be efficiently transmitted over long distances. By stepping up the voltage for transmission and stepping it down for distribution, these transformers ensure the reliable delivery of electricity to end-users.
  2. Voltage Regulation and Stability: One of the primary functions of power transformers is voltage regulation and stability. They help maintain voltage levels within acceptable limits, ensuring consistent and reliable power supply to consumers. Through careful design and precise control mechanisms, transformers play a vital role in balancing supply and demand in electrical grids.
  3. Grid Expansion and Modernization: As electrical grids expand and modernize to meet growing energy demands, the role of power transformers becomes increasingly critical. New installations and upgrades of power transformers enable grid operators to enhance network capacity, improve reliability, and integrate renewable energy sources more effectively.
  4. Efficiency and Energy Conservation: Power transformers contribute to energy conservation and efficiency by minimizing losses during the transmission and distribution of electricity. Advanced transformer designs, including those with high-efficiency cores and low-loss materials, help reduce energy wastage and enhance overall grid performance.
  5. Support for Renewable Energy Integration: With the growing adoption of renewable energy sources such as wind and solar power, power transformers play a pivotal role in integrating these intermittent energy sources into the grid. Transformers facilitate the smooth integration of renewable energy generation by efficiently managing fluctuations in output and ensuring grid stability.
  6. Emergency Backup and Grid Resilience: Power transformers also serve as critical components of emergency backup systems and grid resilience strategies. By providing backup power and enabling rapid restoration of service in the event of outages or emergencies, transformers help maintain grid reliability and resilience in challenging conditions.

Competitive Landscape:

Market companies are focused on creating and manufacturing green transformers in order to generate clean energy and acquire a substantial competitive advantage.

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Key Companies Profiled

  • ABB
  • Siemens
  • General Electric
  • Toshiba Corporation
  • Schneider Electric
  • Crompton Greaves
  • Hyosung Power & Industrial Systems Performance Group
  • Hyundai Heavy Industries Co. Ltd.
  • Mitsubishi Electric Corporation
  • Bharat Heavy Electricals Limited

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 wide-ranging Coverage of FMI’s Industrial Automation Market Insights Landscape

The global marine hatch covers market is projected to record a robust CAGR of 7.6% between 2023 and 2033, totaling around US$ 327.7 million by the end of 2033.

The India electrical testing services market is expected to reach a valuation of US$ 308.4 million by 2033.  with a CAGR of 4.4% from 2023 to 2033.

The global industrial weighing equipment market is projected to reach US$ 2.4 billion by 2033. A CAGR worth 5% is expected for the market during the forecast period.

The worldwide material handling equipment market is expected to record a 4.5% CAGR between 2023 and 2033, reaching a valuation of US$ 6,555.9 million.

The duct fans market is expected to rise to US$ 162,788.1 million by 2033. The sales are expected to record a significant CAGR of 6.0% during the forecast period.

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.

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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Lightweight Revolution: Carbon Fiber Reinforced Plastic Market Surging as Demand for Strength & Efficiency Soars

Carbon Fiber Reinforced Plastic Market
Carbon Fiber Reinforced Plastic Market

The carbon fiber reinforced plastic (CFRP) market is poised for substantial growth, projecting an estimated value of US$ 7,954.8 million in 2022 and foreseeing a robust compound annual growth rate (CAGR) of 8.8% from 2022 to 2032. As technological advancements and the demand for lightweight, high-strength materials continue to surge across various industries, the CFRP market is expected to reach an impressive valuation of US$ 18,489.2 million by the conclusion of the forecast period in 2032. This anticipated expansion underscores the increasing significance of carbon fiber reinforced plastics in a wide range of applications, driven by their exceptional strength-to-weight ratio and versatility.

The global carbon fiber reinforced plastic market has experienced substantial growth in recent years, driven by increasing demand for lightweight and high-performance materials. The automotive and aerospace industries, in particular, have embraced CFRP to enhance fuel efficiency, reduce emissions, and improve overall performance.

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Key Drivers:

  1. Weight Reduction and Fuel Efficiency: CFRP’s exceptional strength-to-weight ratio makes it an ideal choice for industries aiming to reduce the overall weight of their products. In the automotive sector, CFRP components contribute to fuel efficiency and lower carbon emissions.
  2. Aerospace Advancements: The aerospace industry has been a significant driver of CFRP adoption. Aircraft manufacturers are increasingly incorporating carbon fiber composites to enhance structural integrity, reduce aircraft weight, and improve fuel efficiency.
  3. Renewable Energy Infrastructure: The renewable energy sector has witnessed an uptick in the use of CFRP, especially in wind turbine blades. The material’s strength and fatigue resistance make it well-suited for the challenging conditions of wind energy applications.
  4. Sports and Leisure Equipment: CFRP has gained popularity in the sports and leisure sector due to its lightweight nature and high tensile strength. It is commonly used in the production of bicycles, golf clubs, tennis rackets, and other sports equipment.

Future Trends:

  1. Research and Development: Ongoing research in material science and engineering is expected to yield innovations that enhance CFRP properties and reduce production costs, further expanding its market reach.
  2. Increased Automotive Adoption: As automakers strive to meet stringent emissions standards and improve fuel efficiency, the automotive industry is likely to witness increased integration of CFRP in various vehicle components.
  3. Infrastructure and Construction: The construction industry is exploring the use of CFRP in infrastructure projects due to its high strength and corrosion resistance, offering longevity and durability in challenging environments.

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Europe Remains the Key Contributor to the Growth of the Carbon Fiber Reinforced Plastic Market

The demand for carbon fiber reinforced plastic is high in the wind energy, aerospace, defense, and other end-use industries. Europe is expected to have the most market share for carbon fiber reinforced plastic in this industry. The increase in Airbus aircraft deliveries is the main factor driving the demand for carbon fiber reinforced plastic in Europe. Europe leads the world’s market for carbon fiber reinforced plastic offshore wind energy installations.

The expansion of the European carbon fiber reinforced plastic market is attributed to the large number of electric car manufacturers, as carbon fiber reinforced plastic improves the electrical and mechanical qualities of electric drive trains while also drastically reducing their weight.

Key Companies Profiled

  • Solvay S.A.
  • DowAksa Advanced Composites Holdings B.V.
  • Formosa Plastics Corporation
  • Hexcel Corporation
  • Jiangsu Hengshen Fibre Material Co., Ltd.
  • Mitsubishi Rayon Co. Ltd.
  • Hyosung Advanced Materials
  • Cytec Industries Inc.
  • SGL Carbon SE
  • Hexcel Corporation
  • Teijin Limited
  • Toray Industries
  • Zhongfu Shenying Carbon Fiber Co. Ltd.

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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Capture the Rising Demand for Chlorine Disinfectants: Market Set to Reach US$ 4.2 Billion by 2030

Chlorine Disinfectant Market
Chlorine Disinfectant Market

The global chlorine disinfectant market is set to achieve significant growth, with sales expected to surpass US$ 2.8 billion in 2022. Fueled by a robust compound annual growth rate (CAGR) of 5.0%, the market is poised to reach a substantial size of US$ 4.2 billion by 2030. This expansion is indicative of the increasing demand for effective disinfection solutions across various industries, underscoring the vital role chlorine disinfectants play in maintaining hygiene and safeguarding public health. As the market continues to evolve, stakeholders can anticipate lucrative opportunities and innovations in the chlorine disinfectant sector.

The global chlorine disinfectant market continues to witness substantial growth, driven by the increasing emphasis on hygiene and sanitation across various sectors such as healthcare, water treatment, food processing, and household cleaning. Chlorine disinfectants are widely recognized for their efficacy in eliminating a broad spectrum of pathogens including bacteria, viruses, and protozoa, making them indispensable in maintaining public health standards.

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Key Takeaways of Chlorine Disinfectant Market Study

  • Increasing emphasis on cleanliness in hospitals is boosting the demand for chlorine disinfectants in hospital applications. Infections are a significant threat in hospitals and chlorine-based cleansers disinfect work surfaces and equipment, thereby, preventing the spread of contagious diseases.
  • Chlorine disinfectants are gaining significant traction in industrial wastewater treatment applications. Chlorine can be used in wastewater disinfection either as an elemental chlorine (gas) or as a chlorinated compound such as liquid sodium hypochlorite solution or solid calcium hypochlorite. Chlorine disinfectants play a vital role in the industrial wastewater treatment process.
  • Textile bleaching is anticipated to emerge as a significant application of chlorine disinfectants during the forecast period, owing to their superior bleaching property such as liquid chlorine bleaches are highly effective at whitening fabrics and also provide germicidal activity at usage concentrations.
  • The chlorine disinfectant market in South Asia including, India, and ASEAN countries is witnessing notable growth recently, attributable to growth of end-use industries such as healthcare, and water treatment in this region.

Governments in several regions are highly focused on improving municipal water facilities in urban and rural areas. Such developments for industrial and domestic/ municipal water treatment are expected to create high demand for water & wastewater treatment chemicals such as chlorine disinfectants over the forecast period.

Market Landscape: Moderately Fragmented

The global chlorine disinfectant market is moderately fragmented, owing to presence of several international and domestic payers in the market. Top ten established players account for over a third of total supply.

Key Companies Profiled

  • 3M Company
  • Reckitt Benckiser
  • Procter and Gamble
  • Clorox Company
  • Ecolab
  • Hind Pharma
  • Chemtex Speciality Ltd.
  • Nyco Products Company
  • Deluxe Chemicals
  • VWR International, LLC
  • Achlor Chemical Ltd.

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Chlorine Disinfectant Market by Category

By Form:

  • Solid/Granular
  • Liquid
  • Gas

By Application:

  • Drinking Water
  • Swimming Pool Water
  • Industrial Wastewater
  • Textile Bleaching
  • Hospital
  • Others

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~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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Copier Paper Market is Projected to Reach at a US$ 17.6 Billion by 2033 | FMI

Copier Paper Market
Copier Paper Market

The global copier paper market size is estimated to reach US$ 15.1 billion in 2023. The market is anticipated to record a CAGR of 1.6% between 2023 and 2033 and is expected to reach a valuation of US$ 17.6 billion by 2033.

Playing a crucial role in the paper industry, the global copier paper market serves as a fundamental segment, extensively utilized for photocopying and printing purposes. Its expansion is primarily fueled by the increasing need for printer and copier paper, catering to diverse sectors including education, corporate, and personal use.

United States: The United States, one of the world’s leading paper and pulp producers, maintains a sizable copier paper industry. While digitalization and the trend towards paperless offices have affected the market, it remains essential for many businesses. Sustainability efforts and the use of recycled materials are driving change in the industry.

Germany: The copier paper market in Germany is characterized by strict quality control measures, with guidelines established by the German Institute for Standardization (DIN). The adoption of online sales channels is a notable trend, allowing companies to reach a wider customer base and reduce costs.

France: The French copier paper market remains competitive, driven by demand in the office and education sectors. E-commerce has gained prominence, with online platforms like Amazon, Cdiscount, and Fnac offering copier paper sales. However, traditional offline channels, including supermarkets and stationery shops, still dominate the market.

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Competitive Landscape

Manufacturers in the copier paper market are continuously striving to improve the quality and sustainability of their products. They are also offering the top price for copier paper to their customers.

This is essential to maintain and increase their copier paper market share which is very competitive. Companies are also investing in research and development to introduce innovative products that meet the changing demands of customers.

Leading players operating in the market are focusing on expanding their product portfolios. They are adopting various growth strategies such as partnerships, acquisitions, collaborations, and partnerships to gain a competitive edge.

Other Key Players Operating in the Copier Paper Market

  • International Paper Company
  • North Pacific Paper Company
  • South Coast Paper LLC
  • UPM-Kymmene Oyj
  • Domtar Corporation
  • Nippon Paper Industries Co.Ltd.
  • Mondi Group plc

Key Takeaways

  • Virgin material is still the most preferred material for the production of copier paper, accounting for a major share of 65.3% in 2022. Due to the surging environmental concerns, manufacturers are gradually shifting their focus toward recycled material.
  • The technological advancements in the copier paper market have helped shape the global market including the usage of superior quality paper and recycled material along with the addition of novel technologies that generate profitable opportunities for manufacturers.
  • The primary reason for the surge in the copier paper market is due to the electronic devices being replaced by hard copies across the world acting as a restraint on the market’s growth.
  • In addition to that, the industry faces some potential challenges as the government’s initiative to protect trees raises customer awareness and negatively impacts the global copier paper market.

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Market Benefits

  1. The study provides an in-depth analysis of the global Copier Paper market along with the current trends and future estimations to elucidate the imminent investment pockets.
  2. The key market players along with their strategies are thoroughly analyzed to understand the competitive outlook of the industry.
  3. An extensive analysis of the market based on application assists in understanding the trends in the industry.
  4. The report presents a quantitative analysis of the market from 2023 to 2033 to enable stakeholders to capitalize on the prevailing market opportunities.

Can the market for copier paper continue to grow despite the rising adoption of digitalization?

  1. Specialized Use Cases: While digitalization is prevalent, there are specific industries and applications where paper documents are essential. Legal, medical, and educational sectors, for instance, often require physical documentation. Specialized use cases can sustain demand for copier paper.
  2. Sustainability and Eco-Friendly Paper: The demand for eco-friendly copier paper made from recycled materials is on the rise. Manufacturers who focus on sustainable production and appeal to environmentally-conscious consumers can find growth opportunities.
  3. Emerging Markets: In some emerging markets, digitalization may not be as widespread, and traditional paper documentation continues to be significant. Expanding into such markets can be a growth strategy.
  4. Hybrid Approaches: Many businesses are adopting hybrid approaches, combining digital and paper documentation to optimize their processes. Copier paper can still play a role in these scenarios.
  5. E-commerce and Direct-to-Consumer Sales: Online sales channels and direct-to-consumer strategies can help copier paper manufacturers reach a wider audience and adapt to changing market dynamics.

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Copier Paper Market by Category

By Thickness:

  • Up to 50 GSM
  • 50 GSM to 80 GSM
  • 80 GSM to 110 GSM
  • 110 GSM to 130 GSM

By Paper Size:

  • A/4 Copier Paper
  • A/3 Copier Paper
  • A/5 Copier Paper
  • Other Sizes (A/0, A/1, A/2, etc.)

By Material Type:

  • Virgin
  • Recycled

By End Use:

  • Commercial
  • Consumer

By Region:

  • North America
    • United States
    • Canada

About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Insights: Flat Steel Market Foresees Growth with 5.9% CAGR, Reaching US$ 990.7 Billion

 

The value of the worldwide flat steel market in 2022 was US$527 billion. From 2023 to 2033, the market is anticipated to grow at a 5.9% CAGR, reaching US$ 990.7 billion.

Steel is being used in more applications in order to lower costs and produce goods of greater quality, which will improve product deployment. Furthermore, throughout the projection period, business growth will be aided by the fast industrialization of developing nations like China and India as well as the use of technology to make steel more efficient and portable.

Cold rolled steel is frequently utilised in automobile applications for both external body and internal part implementations due to its high ductility and dent resistance. Additionally, high surface completion and impact resistance vehicle parts are successfully marketed. These factors increase flat steel spending, which creates growth opportunities.

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Steel technology advancements and increased industrialization are expected to drive Asia Pacific growth. Due to its high level of steel production, intensive R&D efforts, and development of the building sector, all of which are anticipated to accelerate flat steel consumption in China, the country now maintains a sizeable market share. Additionally, the growth of the area market will benefit from the simplicity of access to raw materials.

“Due to the wide availability of raw materials, social resources, and accelerated technological advancement in regions such as Asia-Pacific, North America, and Europe, the market for the flat iron is estimated to expand. Because of technological developments, Latin America is experiencing rapid growth.”  says an analyst at Future Market Insights.

Key Takeaways from Market Study

  • In 2021, the Asia Pacific market was worth USD 256.3 billion.
  • From 2018 to 2022, sales witnessed significant growth, registering a CAGR of4.6%.
  • In 2022, the global flat steel market was worth us$ 527 billion.
  • The automobile industry is the largest consumer of flat steel products, consisting of up to 10% of all steel produced globally.
  • In the previous year, construction developments accounted for roughly half of the market in North America.

Key Market Players

Major players are ArcelorMittal (Luxembourg) NIPPON STEEL CORPORATION (Japan) Ezz Steel (Egypt)Tata Steel (India) HBIS Group (China) Voestalpine Group (Austria) ThyssenKrupp Steel Europe (Germany) Metals USA (U.S.) POSCO (South Korea) Yieh Corp. (Taiwan).

ArcelorMittal introduced XCarb in March 2021, an initiative aimed at reducing CO2 emissions throughout steel production while making demonstrable improvements toward carbon-neutral steel. In flat product operations, the supplier invested in various of strategies to minimize blast furnace greenhouse gas emissions.

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Key Segments Profiled in the Flat Steel Market

By Type:

  • Hot Rolled Coil (HRC)
  • Cold Rolled Coil (CRC)
  • Sheets
  • Others

By Application:

  • Construction
  • Automotive & Transportation
  • Mechanical Equipment
  • Others

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Roofing Materials Market Driven by North America, APAC Remains Lucrative (CAGR 4%): A 2029 Forecast

Roofing Materials Market
Roofing Materials Market

The global roofing materials market is expected to exhibit a steady growth trajectory, with a compound annual growth rate (CAGR) of 4% anticipated during the forecast period of 2019-2029.

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This growth can be attributed to several factors, including:

  • Rising demand for new buildings: The ongoing construction of residential and non-residential buildings across the globe is driving the demand for roofing materials.
  • Increasing renovation and repair activities: As existing buildings age, there is a growing need for roof replacements and repairs, which is propelling the market forward.
  • Focus on sustainable construction: The growing emphasis on sustainability in the construction sector is leading to increased demand for eco-friendly roofing materials, such as metal and slate roofs.

North America Leads the Way

North America currently holds the dominant position in the global roofing materials market, accounting for roughly 40% of the market share. This leadership can be attributed to the well-established construction industry in the region, coupled with a high disposable income of residents, allowing for investments in home improvements and renovations.

APAC: A Lucrative Market with High Growth Potential

The Asia Pacific (APAC) region is projected to remain a lucrative market for roofing materials throughout the forecast period. This growth is primarily driven by:

  • Rapid urbanization: The rapid urbanization taking place in various APAC countries, such as China and India, is leading to the construction of numerous new buildings, thereby boosting the demand for roofing materials.
  • Rising disposable incomes: As the disposable incomes of individuals in APAC countries rise, there is a growing demand for better quality housing, which includes investments in roofing materials.

Overall, the global roofing materials market is expected to witness steady growth in the coming years, driven by various factors such as increasing construction activities, rising disposable incomes, and a growing focus on sustainable construction practices. While North America currently holds the top spot, the APAC region presents significant growth potential due to its rapid urbanization and economic development.

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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Construction Industry Drives Basalt Fibre Demand: Capitalize on the Shift to Sustainable Materials

Basalt Fibre Market
Basalt Fibre Market

The global market of basalt fibre is anticipated to reach a value of US$ 661.3 Million by the end of 2032. There is a significant rise in demand for basalt fibre from the construction industry as a non-corrosive material and growing awareness about the various advantages of basalt fibre, such as enhanced mechanical, physical, and chemical properties. The adoption of basalt fibre as a sustainable replacement for plastic fibre among various end-use industries is considerably boosting its sales.

The market for basalt fibres has been significantly influenced by certain demographic factors, macro-economic factors, and certain innovation factors, including urbanization, development in the building and construction industry, increasing vehicle production, rising demand for environmentally friendly products, and technological advancements in the automobile and aircraft industry. The construction sector is expected to hold a prominent share of the global basalt fibre market.

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Due to new stringent government rules and regulations, the demand for environmentally friendly and easily recyclable fibre and composite products is increasing drastically. Many consumers prefer to use recyclable products that do not harm the environment. Developed countries such as the US, Japan, and Germany are at the forefront of the use of environmentally friendly products rather than petroleum-based products.

These regulations, combined with end-user demand for environmentally friendly products, are encouraging manufacturers to use natural fibre composites, including basalt fiber, in construction and infrastructure, automotive and transportation, electrical and electronics, marine, and other end-use industries.

Innovations leading to more efficient and cost-effective production technologies of basalt fibres are expected to create new opportunities in the foreseeable future. To increase basalt fibre production capacity, some manufacturers are shifting from complex and inefficient manufacturing processes to Technology 2.0.

“Growing production advancements such as generation 2.0 production technology, 3-D printing, and the introduction of efficient and environmentally friendly products for end-users are expected to create a significant opportunity for basalt fibre manufacturers,” says an FMI analyst.

Key Takeaways:

  • The global market for basalt fibre is projected to witness a CAGR of 6% during the period of 2022 and 2032.
  • Significant growth in end-use industries such as construction, automotive, and aerospace is boosting basalt fibre market demand.
  • China is anticipated to remain one of the prominent countries in the global market for basalt fibre.
  • By product type, the continuous basalt fibre segment is expected to remain one of the fastest growing segments, and is estimated to account for about 1% of the overall market size in 2021.
  • The construction and automotive segments are expected to remain key end-use industries for the consumption of basalt fibre with a combined market share of more than 75% in 2021.

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Competitive Landscape

The market for basalt fibre is estimated to be a consolidated market, where key players are expected to account for a significant share of the market.

ASA.TEC GmbH, Basaltex, Technobasalt-Invest, LLC, Sudaglass Fiber Technolog, Galen LLC, Kamenny Vek Basfiber, MAFIC SA, Zhejiang GBF Basalt Fiber Co. Ltd., Sichuan Aerospace, Tuoxin Basalt Industrial Co. Ltd., Togliattiazot, Shanxi Basalt Fiber Technology Co. Ltd., HG GBF Basalt Fiber Co. Ltd., and many others are some of the manufacturers of basalt fibre profiled in the full version of the report.

Key players are focusing on expanding their production capacity to increase their market presence all over the globe and to gain maximum traction in the market. In order to secure long-term demand, top players are also entering into long-term supply agreements with key end-use industries. For instance, in August 2020, Mafic USA partnered with Materials Group to increase the use of basalt fibre in the automotive industry. The companies are aiming to supply basalt fibre to auto OEMs and their tier one manufacturing suppliers as sustainable products.

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
LinkedInTwitterBlogs | YouTube