Market Research Blog – Page 3502 – New Product Development

Accelerating Demand: Automotive Performance Parts Market Grows with Spain’s Commanding Market Share

The automotive performance parts market is projected to grow from US$ 339.32 million in 2022 to US$ 532.02 million by 2032. Spain dominates the European automotive performance parts market, capturing over 11% of the market share.

Several factors are expected to contribute to the market expansion from 2022 to 2032. These include increasing consumer awareness of the importance of vehicle maintenance and repair to maintain effectiveness and performance. Additionally, the growing demand for crossover and long-distance cars is driving the need for routine maintenance and part replacement. The increased flexibility of vehicle design and manufacturing also enables greater client customization, which is anticipated to fuel market growth during the forecast period.

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Spain’s automotive performance parts business is experiencing significant growth, with the country having one of the most promising and fastest-growing automobile markets in Europe. Factors such as the availability of labor, R&D activities, and government support for developments in automotive performance parts are expected to further boost market growth in Spain in the coming years.

“Rising vehicle ownership coupled with escalating demand for passenger cars will propel the global growth of the automotive performance parts market over the forecast period,” says an FMI analyst.

Key Takeaways:

The automotive performance parts market in the U.S. will account for 87% of the market share in North America.
By suspension parts, sales of the shock absorbers segment will grow at 4.6%
Sales of torque converters will register a CAGR of 5.8%.
The air filters segment will grow at a CAGR of 4.2%.
High demand for passenger cars will push the target market growth in China.

Competitive Landscape

Tenneco Inc., Robert Bosch GmbH, Continental AG, BorgWarner Inc., Mahle GmbH, Donaldson Company Inc., Holley Performance Products, MITSUBISHI HEAVY INDUSTRIES, LTD., Honeywell International Inc., EXEDY Corporation, Denso Corporation, AISIN SEIKI Co., Ltd., Hitachi Astemo, Ltd., The NGK Spark Plug Co., Ltd., Cummins Inc., ZF Friedrichshafen AG, Valeo, TREMEC, and Hyundai Mobis, among others are some of the major players in the automotive performance parts market profiled in the full version of the report.

Leading market players are focusing on adopting new strategies such as internet sales channels. Some of the other businesses are offering customizations and concentrating on expanding their businesses to gain a competitive advantage.

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Key Segments

By Product Type:

Exhaust Systems
- Headers
- Mufflers
- Oxygen Sensors
- Exhaust Pipes
- Catalytic Converters
Suspension Parts
- Suspension Bushing
- Sway Bars
- Shock Absorbers
Brakes
- Brake Pads
- Brake Rotors
- Brake Caliper
- Brake Lines
- Brake Master Cylinders
- Vacuum Pumps
Fuel Air & Intake Systems
- Air Filters
- MAF Sensors
- Intake Manifold
- Throttle Bodies
- Fuel Filters
- Spark Plugs
- Fuel Injectors
- Fuel Pumps
Transmission Parts
- Clutch Pressure Plates
- Flywheels
- Torque Converters
- Clutch Linkage

Power Adders
- Turbochargers
- Intercoolers
- Nitrous Oxide Systems
- Superchargers

By Vehicle Type:

Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles

By Sales Channel:

First Fit
Aftermarket

More Insights into Automotive Performance Parts Market Report

In its latest report, FMI offers an unbiased analysis of the global automotive performance parts market, providing historical data from 2017 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type (exhaust system (exhaust pipes, catalytic converters, oxygen sensors, mufflers, headers), suspension parts (suspension bushing, sway bars, shock absorbers), brakes (brake pads, brake rotors, brake caliper, brake lines, brake master cylinders, vacuum pumps), fuel air & intake systems (fuel filters, throttle bodies, intake manifold, MAF sensors, air filters, fuel pumps, fuel injectors, spark plugs), transmission parts (clutch pressure plates, clutch linkage, torque converters, flywheels), power adders (turbochargers, intercoolers, nitrous oxide systems, superchargers)), vehicle type (passenger cars, light commercial vehicles, heavy commercial vehicles), sales channels (first fit, aftermarket), and region.

According to the latest FMI reports, based on segmentation, the shock absorbers segment will register a CAGR of 4.6% propelled by the rising global demand. The torque converters segment will grow at 5.8% CAGR while the sales of air filters will also record a spike during the projected period.

Based on region, the automotive performance parts market in China will demonstrate substantial growth during 2022-2032. Owing to the presence of top manufacturers of automobile performance components, the country is expected present an opportunity of US$ 38 Bn. The target market in this region will hold the largest market share in East Asia. Other countries like Japan, Spain, and the United States will exhibit notable growth over the forecast period.

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.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Surface Plasmon Resonance Market Envisioning a Remarkable Valuation of US$ 1807.7 Million by 2032

The surface plasmon resonance market share is expected to increase significantly; by 2032, it is expected to have grown from US$ 910.4 million in 2022 to a bright US$ 1807.7 million. This trajectory, as predicted by Future Market Insights (FMI), is expected to grow at a strong compound annual growth rate (CAGR) of 7.1% over the course of the projected year.

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Driving Forces of Growth:

The surge in demand for real-time, label-free measurements of biomolecules stands as a catalyst for the market’s ascent. The increased utilization of Point-of-Care devices, a growing number of radiology procedures, a rising geriatric population, and the proliferation of diagnostic imaging facilities collectively contribute to propelling the growth of the surface plasmon resonance market.

Challenges and Innovations:

While the market thrives, it faces challenges such as a lack of detection sensitivity, the expensive cost of integrating a microfluidic chip with a sensor and a Point-of-Care system, and the intricate mass manufacturing of durable metal nanostructures on the substrate. Despite these hurdles, the industry remains dynamic, fostering innovation to overcome obstacles and continue its upward trajectory.

Microfluidic Marvels:

The market is poised to witness a notable upswing with the development of a microfluidic free-flow electrophoresis (FFE) device. This groundbreaking innovation, in conjunction with SPR imaging, serves as a cutting-edge separation and detection system for biomarker discovery. As such advancements unfold, the global surface plasmon resonance market charts a course toward unprecedented growth, promising a future illuminated by breakthroughs in diagnostics and biomedical research.

Investors, stakeholders, and industry enthusiasts are encouraged to delve into the rich landscape of the surface plasmon resonance market, where innovation meets demand, shaping the future of biomedical sciences.

Key players

GE Healthcare
AMETEK.Inc.
Horiba

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Key Segments

By Product:

Imaging System
Sensor System
Reagents

By Application:

Drug Discovery
Material Science
Biosensors

By End User:

Academic & Research Institutes
Food & Beverage Industry
Biopharmaceutical Companies
CROs
Others

By Region:

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

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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Japan Drives Growth: Hybrid Vehicles Market Flourishes with Premium Perceptions

The Hybrid Vehicles Market size is surpassed US$ 232 billion in 2023 and is projected to reach a valuation of US$ 1.6 trillion by 2033. The market share of hybrid vehicles is predicted to thrive at an astronomical CAGR of 21.6% from 2023 to 2033.

In Japan, the hybrid vehicles market is anticipated to be valued at about US$ 8,633.9 million in 2023. Japanese consumers perceive hybrid vehicles as dependable, safe, and easy to use, leading to a willingness to pay a premium price for these vehicles due to their perceived value. However, according to a survey, fewer than half of Japanese consumers planning to purchase a new car in the next two years associate electric vehicles with fewer carbon emissions or eco-friendliness. This indicates that the demand for hybrid vehicles is increasing in Japan due to consumer perceptions and preferences.

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Key Takeaways from Hybrid Vehicles Market Report:

In 2018, the global market size stood at US$ 90,798.9 million.
The market expanded at a CAGR of 20.7% from 2018 to 2022.
In 2022, the global market size stood at US$ 192,712.4 million.
The United States captured 30.4% of global market shares in 2022.
India captured 22.8% of global market shares in 2022.
China captured 24.3% of global market shares in 2022.
The United Kingdom captured 22.2% of global market shares in 2022.
The hybrid vehicles segment captured 32.2% of global market shares in 2022.
The passenger cars segment acquired 27.6% of global market shares in 2022.

Top Key Players in the Hybrid Vehicles Market:

Tilley Inflatable Design & Engineering Ltd.
Ford Motor Company
General Motors Company
Honda Motor Co. Ltd.
Daimler AG
Volkswagen AG
Renault SAS
Toyota Motor Corporation
Nissan Motor Corporation
Mitsubishi Motor Corporation
Hyundai Motor Company
Bayerische Motoren Werke AG (BMW)

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Recent Developments Observed by FMI:

Nissan just unveiled the fourth iteration of the X-Trail. The Nissan X-Trail is scheduled to make its debut in the middle of 2023. Strong Hybrid and Mild Hybrid hybrid drivetrains are expected to be offered for Nissan’s X-Trail SUV. The car is expected to cost around INR 40 lakhs when it goes on sale.
The Nissan Qashqai SUV is built on the CMF-C platform, which was developed in collaboration with Renault. The Qashqai is anticipated to be powered by a 1.3L gasoline engine and a mild hybrid powertrain. The automobile is projected to cost around INR 30 lakhs when it goes on sale. Because the Qashqai is likely to go on sale after the Nissan X-Trail, we may expect to see it around late 2023 or early 2024.

Hybrid Vehicles Market Segmentation

By Product Type:

Hybrid Vehicles
Plug-in Hybrid Vehicles

By Vehicle Type:

Passenger Car
LCV
HCV

By Engine Type:

Gasoline Electric
Diesel Electric

By Powertrain Configuration:

Parallel Hybrid
Series Hybrid
Power Split Hybrid

By Region:

North America
Latin America
Europe
East Asia
South Asia and the Pacific
Middle East & Africa (MEA)

Author

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Nandini Singh Sawlani

Growth Outlook: Fiber Cement Market Expected to Reach US$ 28.68 Billion by 2033

The fiber cement market is anticipated to thrive at a slow-paced CAGR of 4.7% between 2023 and 2033. The market is expected to have a market share of US$ 28.68 billion by 2033 while it is likely to be valued at US$ 18.12 billion in 2023.

The advent of new alternative materials for construction and industrial applications is expected to give birth to several markets like fiber cement and bricks. Furthermore, the sustainability, low cost, and maintenance associated with fiber cement are also flourishing the market growth.

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New sustainable projects are applying nature-friendly yet durable construction materials in their buildings. Hence, high sales of fiber cement are anticipated during the forecast period. Also, the long-life span and versatility in design give it an edge over the usual cement.

One of the prominent growth factors for fiber cement is its fire and heat-resistant nature which is mainly weather resistant as well. These properties make fiber cement revolutionize the construction material industry.

The affordable pricing adds value to its sales as it is economically beneficial as well due to the long shelf life, limited maintenance, and low price. Alongside this, the sustainable materials used in its formation are expected to attract aware end users.

The key reason why end users are preferring these sustainable construction materials is the small installation time. Further, the usage of the right tools can reduce 50% of the time comparatively.

These fiber cement come in the form of cement board and slide with high longevity. Also, the flexibility gives the constructor the option of designing it with high ease.

Key Points

The United States market leads North America’s fiber cement market in terms of market share in North America. The United States held a market share of 11.4% in 2022. The factors attributed to the growth are rising residential and industrial construction and the government providing subsidies to eco-friendly construction material businesses.
Germany’s fiber cement market held a healthy market share of 8.9% in 2022. The market growth is caused by the German government’s extended research and development programs, focusing on using materials like carbon fiber, fiber-reinforced concrete, etc.
India’s market thrives at an average CAGR of 5.5% between 2023 and 2033. Further, the growth is attributed to the penetration of innovation in the construction and electrical sector.
China thrives at a CAGR of 5.1% between 2023 and 2033.
Based on raw material type, the Portland segment held the leading market share of 37.9% in 2022.
Based on application type, the sliding segment leads as it held a market share of 24.3% in 2022.

Competitive Landscape

The key suppliers focus on sustainability, reusable material, and fast installation. The competitors merge, acquire, and partner with other companies to increase their supply chain and distribution channel.

Recent Market Developments

PPG Industries Incorporated has launched its protection over wood along with fiber cement and composite substrates, delivering to verticals like automotive, commercial, and residential.
Ecolab Incorporated has introduced the fiber building materials such as fiberglass filament, mat, and insulation. These products also include flat glass, ceiling tiles, and fiber cement.

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Key Players Profiled in the Market

Dow Chemical Company
Hardie (James) Industries Plc.
Imerys SA
Elementia SA de CV
Building Materials Corporation of America
PPG Industries Incorporated
Akzo Nobel NV
Canfor Corporation
Ecolab Incorporated
Central Fiber LLC
Mercer International Incorporated
US Silica Holdings Incorporated

Key Segments Covered

By Raw Materials:

Silica
Portland Cement
Cellulosic Fiber
Others

By End User:

Residential
Non-Residential

By Application:

Cladding
Siding
Backer Boards
Molding and Trimming
Roofing
Wall Partitions
Others

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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Building Automation Systems Market Growth: Industry to Rise US$ 96,264 million by 2033

Building Automation Systems (BAS), also known as Building Management Systems (BMS) or Energy Management Systems (EMS), are sophisticated networks of hardware and software designed to monitor and control a building’s mechanical and electrical equipment. These systems optimize building performance, enhance occupant comfort, and improve energy efficiency.

The Building Automation Systems Market size is projected to be valued at US$ 47,800 million in 2023 and is expected to rise to US$ 96,264 million by 2033. The sales of building automation systems are expected to grow at a significant CAGR of 7.4% during the forecast period.

The global industry for building automation systems has been driven by the Internet of Things’ increased popularity, increasing government and private sector activities, and rising security concerns.

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Additionally, wireless protocols and sensor networks are developing more quickly. Moreover, the intervention of industry 4.0 and rapidly evolving cloud technologies would further contribute towards industry expansion.

Here’s an overview of their significance:

Efficient Energy Management: BAS enable centralized control and automation of various building systems, including HVAC (Heating, Ventilation, and Air Conditioning), lighting, security, and more. By integrating these systems and utilizing advanced algorithms, BAS optimize energy usage, reduce utility costs, and minimize environmental impact.
Enhanced Comfort and Occupant Experience: BAS contribute to improved occupant comfort and productivity by maintaining optimal indoor environmental conditions. Automated temperature control, lighting adjustments, and personalized settings cater to individual preferences, creating a more pleasant and productive work or living environment.
Remote Monitoring and Control: One of the key advantages of BAS is the ability to monitor and control building systems remotely. Facility managers can access real-time data, receive alerts for potential issues, and make adjustments remotely via computer or mobile device, ensuring quick response to changing conditions and efficient problem resolution.
Data Analytics and Insights: BAS generate valuable data on building performance, energy usage, and equipment health. By leveraging advanced analytics tools, facility managers can gain insights into trends, identify opportunities for optimization, and make data-driven decisions to enhance operational efficiency and sustainability.
Integration with Smart Technologies: BAS seamlessly integrate with emerging smart technologies such as Internet of Things (IoT) devices, artificial intelligence (AI), and cloud computing. This integration enables advanced functionalities such as predictive maintenance, adaptive learning algorithms, and proactive energy management, further enhancing the capabilities of building automation systems.

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Competitive Landscape:

The top 5 players in the global building automation industry include Siemens AG, Honeywell International, ABB, Schneider Electric, and Johnson Controls, plc. As per FMI’s analysis, top 5 players are anticipated to account for 44% of the total industry share.

As a part of their growth strategies, leading players operating in the global Building Automation Systems Market are emphasizing product developments, intensive research and development, and strategic collaborations, mergers, and acquisitions to establish a firm foothold in the industry. For instance:

In August 2021, Schneider Electric, a global data center hardware giant, entered an on-demand leasing program hardware deal with the American Power Conversion line for uninterruptable power supplies (UPS). The partnership will allow channel partners to offer improved visibility and front-end maintenance across their customers’ UPS systems.
In July 2021, ASM Global, a global leader in entertainment experience, announced a strategic collaboration with Honeywell International, a leader in connected buildings, to create smarter and safer venue operations and more enjoyable audience experiences across ASM’s diverse portfolio.

Leading Key Players:

Honeywell International
Beijer Electronics
ABB
Siemens AG
Johnson Controls
Schneider Electric
General Electric
Legrand
Lutron Electronics Co
Control4 Corporation

Building Automation Systems Market Segmentation:

By Product Type:

Hardware
Software
Services

By System Type:

Security & Surveillance
HVAC
Lighting Solutions
BEMS (Building Energy Management)

By Application Type:

Commercial
Residential
Government

By Region:

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

Author By:

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.

Have a Look at the Related Reports of the Industrial Automation Domain:

Compact Construction Equipment Industry Size: The valuation of the total sales of this industry in the year 2023 is estimated to be US$ 224.1 billion. This industry is expected to register a CAGR of 3.8% from 2023 to 2033. Based on the analysis report by FMI, it can reach US$ 325.4 billion by 2033.

Prefabricated Building System Industry Outlook: The global industry is anticipated to increase at a robust CAGR of over 6.1% between 2022 and 2032, totaling over US$ 18.5 Billion by 2032. Growth is attributable to the rapid expansion of the building and construction industry across the globe.

Variable Frequency Drive (VFD) Industry Analysis: In recent years, the VFD industry has received significant stimulus, growing on the back of heightened opportunities regarding infrastructure development across emerging regions, spurring demand for heating and ventilation systems.

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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Nandini Singh Sawlani

Pharmaceutical Plastic Bottles Market is Projected to Reach at a US$ 97.1 Billion by 2033 | FMI

As per the report published by FMI, the global pharmaceutical plastic bottles market is projected to have a significant CAGR of 10.5% during the forecast period. The current valuation of the market is US$ 35.8 Billion in 2023. The market value of pharmaceutical plastic bottles is anticipated to reach US$ 97.1 Billionn by 2033. A historical CAGR of 7.4% has been recorded during the period 2016-2022.

In the pharmaceutical industry, plastic packaging is in high demand because of its unmatched capabilities. Moreover, additional features led to increased adoption in pharma, including moisture resistance, high dimensional stability, high impact strength, resistance to strain, low water absorption, transparency, and heat and flame resistance.

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Pharmaceutical manufacturers are increasingly replacing glass bottles with pharmaceutical plastic bottles. Since they offer the same benefits and do not break as easily as glass bottles. In addition to being more economical than glass bottles, Pharma plastic bottles are also easier to procure. This makes shipping and transit of pharmaceutical plastic bottles hassle-free, thus propelling the market trend. Pharmaceutical plastic bottles are also light and less bulky.

In the pharmaceutical and healthcare industries, plastic bottles have become increasingly popular due to the convenience they offer in the delivery of liquid medicines and their ease of use. Moreover, pharmaceutical plastic bottles are lighter and less prone to breaking than metal bottles.

“Due to increasing sustainability concerns and a reduction in the pharmaceutical industry’s environmental impact, the market for pharmaceutical plastic bottles is growing. Advancements in technology and the use of plastic bottles for solid and liquid oral medicines have contributed to the growth of the pharmaceutical plastic bottle industry.“ says an FMI analyst.

Key Takeaways from the Pharmaceutical Plastic Bottles Market

According to bottle type, plastic bottles for ophthalmic/nasal formulations have contributed the most to growth. The segment will account for 42.7% of sales in 2023.
A valuation of US$ 9.2 Bn is expected in 2023 for the polyethylene terephthalate (PET) segment anticipated to increase at a CAGR of 4%.
The demand for pharmaceutical plastic bottles in the U.K. is expected to rise at nearly 2% CAGR.
The market in China is estimated to grow at a CAGR of 4%during the forecast period.

Competition Landscape in the Pharmaceutical Plastic Bottles Market

The pharmaceutical plastic bottle market is fragmented with the presence of many players like Amcor Limited, Aptar Pharma, Berry Plastics Group, Inc., Graham Packaging Company, Alpha Packaging, and Alpack Plastic Packaging. For dominating the market, the players use organic and inorganic strategies, including mergers & acquisitions, partnerships, product launches, and collaborations.

Gerresheimer AG, AptarGroup, Inc., O. Berk Company, LLC, Alpha Packaging Holdings, Inc., Comar, LLC, Bormioli Pharma S.p.a., C.L.Smith Company, United States Plastic Corporation, Weener Plastics Group BV are some of the key players in the pharmaceutical plastic bottles market.

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Recent Developments in the Pharmaceutical Plastic Bottles Market

It was announced in December 2021 that the Comar Group had acquired Omega Packaging, an injection molding, and blow molding company. Comar’s strategy to provide healthcare customers with end-to-end custom manufacturing solutions and a broad product range is enhanced with Omega Packaging’s child-resistant (CR) closures and precision mold-building capabilities.
In September 2021, Pretium Packaging, a portfolio company of Clearlake Capital Group, acquired Alpha Packaging from Irving Place Capital for an undisclosed sum. By combining Alpha Packaging and Pretium Packaging, the combined company will be able to provide advanced packaging services to both existing and prospective customers alike.
It was announced in March 2021 that Gerresheimer AG, a leading manufacturer of pharmaceutical plastic bottles, was building and developing a new manufacturing facility in Ohio, USA. Plastic bottles for solid, liquid, and ophthalmic/nasal formulations will also be produced at this facility.
In January 2021, ALPLA Werke Alwin Lehner GmbH & Co KG announced it would invest more than five million dollars in an extrusion system to manufacture recycled PET in Italy.
It was announced in July 2019 that Berry Global had completed its acquisition of RPC Group. This created one of the largest plastic packaging companies in the world with over 290 locations worldwide.

Pharmaceutical Plastic Bottles Market Segmentation by Category

By Bottle Type:

Plastic Bottles for Solid Formulation
Plastic Bottles for Liquid
Plastic Bottles for Ophthalmic/Nasal Formulation

By Material Type:

Polyethylene (PE)
- High-density polyethylene (HDPE)
- Low-density polyethylene (LDPE)
Polyethylene terephthalate (PET)
Polypropylene (PP)
Polyvinyl chloride (PVC)

By Capacity:

Below 100 ml
100 ml – 250 ml
Above 250 ml

By Region:

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

About Future Market Insights Inc. (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

Surge in Ready-Mix Concrete Demand: Capitalize on the Future of Sustainable Building

The global ready-mix concrete market is on a trajectory of robust growth, projected to achieve a valuation of US$ 696.2 billion in 2023 and forecasted to soar to US$ 1488.74 billion by 2033, marking a significant compound annual growth rate (CAGR) of 7.9%. This surge is attributed to escalating urbanization, infrastructural development projects, and the rising demand for durable and cost-effective construction materials worldwide. With an increasing emphasis on efficiency, sustainability, and rapid construction, ready-mix concrete is poised to play a pivotal role in shaping the future of the construction industry.

The growing need for rapid construction across residential, commercial, industrial, and infrastructure sectors is projected to fuel the ready-mix concrete (RMC) market.

The advantages of ready-mix construction, including cost savings on labor and site supervision, as well as simplified pouring techniques, are likely to attract a larger consumer base in the near future. Moreover, the construction industry’s rising investments in countries like Mexico, China, India, Singapore, and South Korea are expected to contribute to the growing demand.

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Ready-mix concrete is being increasingly embraced for various construction applications, including manufacturing facilities, residential and commercial buildings, power generation facilities, and road construction. The growth of infrastructure sectors worldwide, combined with rapid urbanization, is the key factor expected to drive industry expansion in the foreseeable future.

The market expansion is propelled by the growth of the construction industry, driven by increased income in both developed and developing nations. This surge in income has led to a higher demand for concrete, as more structures and housing projects are being built. The construction industry is undergoing significant transformations due to rapid economic growth, with a growing preference for ready-mix concrete due to its convenience and quick application. Primary market drivers include China, India, Japan, and other Asian countries, where population growth fuels the demand for residential buildings.

The shift of industrialization from western regions to the Asia-Pacific directly supports the construction industry’s development, leading to the expansion of the ready-mix concrete market. Furthermore, urbanization contributes to the growth of infrastructure facilities, playing a crucial role in the market’s expansion.

Government-led modernization efforts in developing countries, aimed at addressing infrastructure gaps, improving education and healthcare systems, and enhancing sanitation and water standards, serve as a significant driver for growth. These initiatives highlight the emphasis placed by respective governments on strengthening sustainable mining solutions and advancing technology, productivity, and safety measures.

Key Takeaways

The market in United States is projected to grow with a CAGR of 8.1% during the forecast period.
Asia Pacific is expected to accumulate over 38.7% market share by end of 2023.
The market in Asia Pacific is expected to grow with a CAGR of 8.5% during the forecast period.
By product type, infrastructural construction segment is expected to generate demand with a CAGR of 8.8% during the forecast period.

Growing industrialization and construction activities are expected to drive market growth during the forecast period- comments an FMI Analyst

Competitive Landscape

The market for ready-mix concrete is characterized by intense competition, as notable industry players are making significant investments to enhance their manufacturing capabilities.

Some recent developments in the ready-mix concrete market are:

In September 2022, the Adani Group acquired Ambuja Cements and ACC Ltd from Holcim India for approximately USD 6.50 billion.
In March 2022, ACC Limited unveiled ACC Airium, an innovative climate control concrete system designed for thermal insulation.
Lafarge Algeria introduced Chamil reduced CO2 cement in September 2022, featuring locally sourced clay and ferrous materials.
Ramco Cements launched its fifth manufacturing plant in Andhra Pradesh in September 2022, expanding its reach to customers in Andhra Pradesh, Karnataka, North Tamil Nadu, Maharashtra, and Madhya Pradesh.
ACC Limited launched four new ready-mix concrete products in April 2021: ACC thermofillcrete, ACC Suraksha NX Antiwashout Concrete, ECOPact, and ACC ADMIX.

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Top Key Players in the Ready-mix Concrete Market

CEMEX S.A.B. de C.V.
Vicat SA
Ultra Tech Cement Limited
Lafarge
ACC Limited
Barney & Dickenson, Inc.
SIKA Group
Heidelberg Cement
Holcim Ltd.
Italcementi Group

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Genital Herpes Treatment Market Positioned for Growth, Envisioning a 5.2% CAGR by 2033

The global genital herpes treatment market share is expected to grow at a rapid pace and reach a valuation of more than US$ 2.14 billion by 2023.

It is anticipated that the market would continue to develop at a substantial compound annual growth rate (CAGR) of 5.2% through 2033, finally reaching an estimated value of US$ 3.55 billion. The figures show both the growing global market for genital herpes treatments and any possible room for expansion.

Treatment methods, like as topical creams, vaccinations, and antiviral drugs, have seen significant developments in the market. Antiviral medications such as famciclovir, valacyclovir, and acyclovir are frequently used to manage and reduce outbreaks of genital herpes.

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In recent years, there has been a growing emphasis on personalized medicine approaches in the treatment of genital herpes. Moreover, tailoring treatment strategies based on individual patient profiles, including factors such as viral load, recurrence rate, and immune response, can optimize treatment outcomes and improve patient satisfaction.

This trend toward personalized medicine presents an opportunity for healthcare providers and pharmaceutical companies to develop targeted therapies and innovative treatment approaches.

Another significant trend in the market for genital herpes treatment is the continuous advancement of antiviral therapies.

Research and development efforts are focused on developing effective and targeted antiviral drugs, including novel mechanisms of action, to enhance treatment outcomes and reduce viral replication. Further, this trend is driven by the need for better therapeutic options to manage and control genital herpes infections.

Prolonged and frequent use of antiviral medications can lead to the development of drug resistance in some individuals. This poses a challenge in effectively treating the infection, as certain strains of the herpes simplex virus may become resistant to standard treatment options, limiting the effectiveness of existing therapies.

Emerging technologies such as telemedicine, mobile health applications, and remote patient monitoring have the potential to improve access to healthcare services and support the management of genital herpes. These advancements can enhance patient education, facilitate remote consultations, and promote adherence to treatment regimens, especially in areas with limited access to healthcare facilities.

Key Takeaways:

The projected market size for genital herpes treatment is expected to reach US$ 3.55 billion million by 2033.
The market in the United States of America held a 32.3% value share in 2022.
Acyclovir is projected to lead the market based on drug type, capturing a share of 51.11% in 2022.
The market for genital herpes treatment in Europe accounted for about 23.3% in 2022.
During the forecast period, the United Kingdom’s genital herpes industry is projected to secure a 6.9% CAGR.

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How is the Competition Landscape Structured in the Market?

The competition in the genital herpes treatment industry is structured among various pharmaceutical companies and manufacturers.

The market is dominated by established pharmaceutical companies that specialize in antiviral medications and treatments for infectious diseases. Furthermore, these companies have extensive experience, expertise, and resources dedicated to developing and marketing genital herpes treatments.

The market is driven by ongoing research and development activities. Companies invest in developing new treatment options, including novel antiviral drugs, therapeutic vaccines, and innovative delivery systems. The ability to bring new and effective treatments to the market gives companies a competitive advantage.

Collaboration with research institutions, healthcare organizations, and other industry stakeholders is common in the genital herpes treatment market. Partnerships help in leveraging expertise, accessing additional resources, and expanding market reach, leading to a competitive advantage.

Intellectual property rights and patents play a role in the competition, as they provide companies with exclusivity and protection for their innovative treatment solutions. Patented drugs may enjoy a period of market exclusivity, giving companies a competitive advantage.

Key Players:

Teva Pharmaceutical Industries Ltd.
Abbott Laboratories
Sun Pharmaceuticals Industries Ltd.
Mylan N.V.
Pfizer Inc.
GlaxoSmithKline plc
Dr Reddy’s Laboratories, ltd.
Novartis AG
Valeant Pharmaceuticals International Inc. etc.

Market Study by Category:

By Drug Type:

Acyclovir
Valacyclovir
Famciclovir

By Distribution Channel:

Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
Drug Stores

By Route of Administration:

Oral
Topical
Injectable

By Indication:

HSV-1
HSV-2

By Regions/Countries Covered:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excluding Japan (APEJ)
Japan
The Middle East & Africa

Author By:

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.

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House of Fortunes: Italy’s Casino Tourism Market Targets US$ 7,343 Million by 2032 | FMI

The Italy casino tourism market is calculated to reach US$ 4,913 Million in 2022. As per the report, sales are predicted to grow at a strong 4.1% CAGR, with the demand valuation attaining US$ 7,343 Million by 2032.

Gambling has been practiced for a long time in Italy, but in the past gambling was frowned upon because of its bad reputation with the mafia. However, gambling is currently very much alive in Italy, and it is becoming more and more popular. Italy’s brick-and-mortar gambling establishments are primarily slot halls featuring only slots, while there are a few real casinos that also provide table games including baccarat, Caribbean stud poker, roulette, and blackjack. In 2007, the practice of online gambling was also legalized.

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There are several laws passed by the Italian government to regulate gambling in the region and prevent the country from the negative effects of gambling. These laws have helped in the maintenance of the decorum however it has proved to be baggage in case of further development of the casino market. Moreover, the players have come up with alternative options such as online gambling to uplift the casino sector and consequently, the Casino tourism market as well.

Key Takeaways:

Based on Game type, Trente et Quarante is predicted to account for a dominant share of Gamblers in the market through 2032.
In terms of age group, demand in the age group 35-50 years will continue gaining traction through 2032.
Nearly 7 million tourists visit Italy for casinos every year.
Based on the type of casino, I-Gaming will continue to grow in the forecasted period.

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Key Players

Rome and Italy Tourist Services
Travel Leaders
Tours By Locals
Globus Journeys
Athens Six-Star Tours
Trip Advisor
Tour Radar

Italy Casino Tourism Market by Category

By Game Type, Italy Casino Tourism Market is segmented as:

3 Card Poker
American Roulette
Blackjack
Casino Stud Poker
Dice
Punto Banco
Others

By Casino Type, Italy Casino Tourism Market is segmented as:

Commercial
Tribal
Limited Stakes
I-gaming

By End Users, Italy Casino Tourism Market is segmented as:

Gambling Enthusiasts
Social Exuberant
Dabblers
Lottery Loyalists
Unengaged Audience

By Age Group, Italy Casino Tourism Market is segmented as:

18-25 Years
25-35 Years
35-50 Years
50-65 Years
65 Years and Above

By Tourist Type, Italy Casino Tourism Market is segmented as:

Domestic
International

By Consumer Orientation, Italy Casino Tourism Market is segmented as:

Men
Women

By Tour Type, Italy Casino Tourism Market is segmented as:

Independent Traveler
Package Traveler
Tour Group

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

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Nandini Singh Sawlani

Book Publisher Market: Projected to Reach US$ 141.7 Billion by 2033 – Exploring Trends, Challenges, and Growth Opportunities

In 2023, the book publishers market is poised to exceed US$ 96.1 billion, with projections indicating a substantial growth to US$ 141.7 billion by 2033, reflecting a Compound Annual Growth Rate (CAGR) of 3.9%. These figures underscore the enduring demand for books and related publications despite the digital shift in reading habits. The market’s growth trajectory highlights the resilience of the publishing industry and its ability to adapt to evolving consumer preferences and technological advancements. Publishers are presented with opportunities to innovate and diversify their offerings to cater to the changing landscape of reading and knowledge consumption.

E-commerce giants like eBay and Amazon have established easy and convenient platforms for people to buy and sell books. In addition to this, the penetration of online book clubs and communities, the advancement of offline business, and partnerships between leadingbook production and local booksellers will further drive the book publishers market.

Recent years have witnessed a surge in the number of book and reading enthusiasts that has propelled the demand for several types of books including educational, fictional, non-fictional, and many others. This has resulted in higher sales of books among a large part of the global population. Further, booking reading is also taken up by more and more people across the globe as a part of their relaxation routine or just as a hobby.

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These factors are expected to aid the expansion of the book publishers market size. Again, reading also helps in building social connections, both online and offline which promotes social mobility. It also helps with overall mental well-being. These aspects are pushing people towards reading which, in turn, improves the sales prospect of the book publishers market.

Increasing demand for books among the millennial and Gen-Z population will also contribute to the global growth of the book publishers market. The younger generations are picking up reading as a hobby or as a part of their routine which is expected to amplify the global demand for books and contribute to the growth of the book publishers market.

Moreover, the growing popularity and rapid adoption of the print-on-demand (POD) business model will open new avenues of growth for the market. The POD model refers to the printing of a book or a journal only after an order is secured. This process saves investment and avoids the hassle of inventory management which prompts its rising adoption across various businesses. Where these factors aid the growth of the book publishers market, increasing copyright infringement will likely stymie the growth of the market.

Key Takeaways:

Increasing internet usage has resulted in illegal file sharing and a higher piracy rate. The consequent copyright infringement affects both the publishers’ interests and the viability of companies which acts as an impediment to market growth.
The book publishers market in the US will grow at a 2.0% CAGR, driven by innovative growth strategies adopted by book publishers of the country.
Germany accounted for a 21% share of the European book publisher market in 2021 and the market in this country will continue to grow during the forecast period owing to increasing reading enthusiasts.
By book type, the fiction segment held 23.4% of the market share in 2022 and will continue to dominate the global marketplace.
Based on sales channels, the local bookshops and specialty stores accounted for 32.4% market revenue share in 2022.

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Competitive Landscape

In a competitive environment, market players are concentrating on employing various business and marketing strategies. A significant portion of market players deploy three primary steps to retain relevancy and these are cost leadership, differentiation focus, and cost focus.

Harper Collins Publishers
MacMillan publishers
IDW Publishing
MARVEL
Pearson
Morris Publishing
Penguin Random House
Scholastic Inc.
Houghton Mifflin Harcourt
among others

are some of the significant players in the book publishers market profiled in the full version of the report.

More Insights Into Book Publishers Market

FMI offers an unbiased analysis of the global book publishers market in its latest report, providing historical data from 2018 to 2022 and forecast statistics for 2023 to 2033. This report further offers insight into market drivers, restraints, trends, and opportunities. For a comprehensive understanding of the global market potential, growth, and scope, the market is segmented on the basis of type, sales channel, and region.

As per FMI estimations, based on segmentation, the fiction books segment will likely continue to dominate the international market space. These are the most interesting and popular books among readers. In terms of sales channels, the local bookshops and specialty stores will account for a significant portion of the market revenue. Based on country, the US will present considerable growth in the book publishers market. The target market is primarily driven by the strong presence of independent publishers, increasing demand for comics, and strategies employed by market players. Germany and India will also contribute to the global growth of the book publishers market.

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Global Book Publishers Market by Category

By Books Type:

Cookbooks
History
Science Friction & Fantasy
Religion & Inspiration
Fiction
Mystery
Romance
Others (Horror, Comic, Biographies etc.)

By Sales Channel:

Wholesalers/Distributors
Hypermarket/Supermarket
Multi Branded Stores
Independent Small Stores
Online Retailer

By Region:

Supermarket/Hypermarket
Retail Shops
Specialty Stores
Online Retailers
Other Sales Channel

Author

Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.

Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani