Market Research Blog – Page 3503 – New Product Development

Chlorinated Isocyanurates Market Poised for US$ 7.5 Billion Growth by 2032: Capitalize on Rising Demand in Construction and Disinfection

The global chlorinated isocyanurates market is anticipated to reach a value of US$ 7.5 billion in 2032, scaling up from US$ 4.5 billion in 2022. Valued at US$ 4.2 billion in 2021, the market is slated to grow at a moderate CAGR of 5.3% from 2022 to 2032. An upsurge in renovation projects and developments in residential and commercial construction will facilitate the growth of the chlorinated isocyanurates market during the projection period.

Chlorine derivatives of isocynauric acid are referred to as chlorinated isocyanurates and are used for disinfecting, sanitizing, and bleaching purposes. The chemical also finds application as fungicides, fungistats, bactericides, and microbistats. Chlorinated isocyanurate’s cost-effectiveness and superior water solubility are aspects that promote their application across various industrial verticals. Further, widespread application as disinfectants in swimming pools and as domestic septic tank disinfectants augments the sales of chlorinated isocyanurates in the global market.

The advancing disinfectants industry spearheads the growth of the chlorinated isocyanurates market during this period of observation. The popularity of swimming and the expanding sports industry also strengthens prospects for chlorinated isocyanurates as a disinfectant. The growing use of Dichlorolsocyanurate for disinfecting surfaces used for poultry and silkworm rearing also drives the growth of the chlorinated isocyanurates market in the upcoming years.

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The use of disinfectants in industrial water chilling units so as to purify the water before industrial use fosters an environment of growth for the chlorinated isocyanurates market. The target product is further used as a preliminary purification method in the semiconductor industry which employs double distilled water. All of these considerations stimulate the growth of the chlorinated isocyanurates market during the forecast period.

Key Takeaways:

Rising threat of cancer and reproductive effects on animals and the risk of colorectal cancer in humans are certain factors that hinder the growth of the chlorinated isocyanurates market.
Asia Pacific will emerge as a lucrative pocket for the market due to significant export activities by China and the increasing use of the product to sanitize domestic septic tanks in Japan.
The chlorinated isocyanurates market in Europe will be driven by the use of the product as a disinfectant by many drinking water companies.
The US chlorinated isocyanurates market will benefit from the use of the same in the production of pesticides and other chemicals.

Competitive Landscape

Prominent players in the chlorinated isocyanurates market

3V Italia
China Salt Changzhou Chemical Co Ltd
HebeiJiheng Chemical Co Ltd
HezeHuayi Chemical Co Ltd
Liaocheng London Chemical Co Ltd
Nissan Chemical
Nippon Soda
Nankai

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More Insights into Chlorinated Isocyanurates Market

FMI offers the latest, unbiased, and detailed analysis of the global chlorinated isocyanurates market, providing historical data from 2015 to 2020 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of type (trichloroisocyanuric acid (TCCA), sodium dichlorolsocyanurate (SDCC)), application (bleaching agents, disinfectants, fungicides, bactericides), and region.

According to the latest FMI reports, based on region, the chlorinated isocyanurates market in Asia Pacific will display strong growth between 2022 and 2032. The target market in this region will be offered lucrative growth opportunities primarily due to elevated export activities in China and the growing use of chlorinated isocyanurates as a sanitizer for domestic septic tanks in Japan. A significant portion of the chlorinated isocyanurates produced in China and Japan are exported to the US. Besides Asia Pacific, Europe will also show notable growth. The chlorinated isocyanurates market in Europe is shaped by the heightened use of the product in the drinking water sector. Chlorine is used as the main disinfectant in drinking water preparation from surface water. In this region, Germany outranks all other countries in terms of capacity. Thus, Asia Pacific and Europe contribute considerably to the global growth of the chlorinated isocyanurates market 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 ~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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Cardiac Ultrasound Systems Market Scaling to US$ 2.48 Billion Ascendancy with a Steady 5% CAGR by 2033

It is anticipated that the cardiac assist device market would grow at a stunning 6.1% CAGR to reach US$ 2.48 billion by 2033, surpassing US$ 1.37 billion by 2023.

Given its critical role in tackling the rising global frequency of heart illnesses, the cardiac assist devices market is experiencing notable development and innovation. These gadgets, which consist of intra-aortic balloon pumps (IABPs) and ventricular assist devices (VADs), are made to improve and maintain the function of a weakening heart. The increasing prevalence of cardiovascular illnesses, which are linked to sedentary lifestyles, bad eating habits, and an ageing population, is one of the main reasons propelling the market’s expansion. The market for cardiac assist devices is expected to increase in tandem with the growing demand for sophisticated cardiac care is anticipated to grow significantly during the next several years.

Technological advancements have also contributed to the market’s expansion, with the development of more efficient and minimally invasive devices. Miniaturization and improved battery life of VADs have made them more portable and suitable for a broader range of patients, while enhanced control systems have increased their effectiveness. Moreover, continuous research and development efforts are focused on reducing device-related complications and improving patient outcomes. As a result, the Cardiac Assist Devices Market is not only catering to patients with end-stage heart failure but also expanding its reach to those in earlier stages, thereby widening its market potential.

How Popularity of Cardiac Ultrasound Systems Are Rising?

Several factors influencing the global market are:

Non-invasive Nature: The demand for cardiac ultrasound systems is rising due to their non-invasive imaging technique. It provides imaging structure using sound waves to maintain patient-friendly invasive diagnostic procedures.

Diagnostic Versatility: The increasing adoption of cardiac ultrasound systems is rising to offer color Doppler, two-dimensional imaging, and continuous-wave Doppler. It allows for the function of various cardiac aspects such as blood flow patterns, chamber size, and wall motion.

Imaging Quality and Accuracy: The growing advanced technologies improve the quality and accuracy of cardiac ultrasound systems. It offers high-resolution imaging, improves software algorithms, and enhances contrast capabilities, advancing the global market.

Real-time Imaging: Cardiac ultrasound offer real-time imaging to monitor and function dynamically to observe heart motion. It monitors real-time imaging and evaluates valve function, motion abnormalities, and cardiac hemodynamics.

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These are a few of the features that popularly increase the demand for cardiac ultrasound systems during the forecast period.

Key Takeaways are:

The cardiac ultrasound systems market is estimated to secure a valuation of US$ 2.33 billion with a CAGR of 5% by 2033.

In the historical period, the market captured a valuation of US$ 1.36 billion in 2022.

The United States is leading the global market by securing a maximum share during the forecast period.

The hospital sector is dominating the end-use sector in the global market by 2033.

How Key Players are Uplifting the Global Market?

The market is consolidated by the present key players globally. These players innovate new products by investing huge amounts in research and development activities. The players are focused on consumers’ requirements and offer them advanced and improved products.

The key players are adopting various marketing tactics to uplift the global market revenue. These marketing tactics are mergers, acquisitions, collaborations, partnerships, product launches, and agreements.

Recent Developments in the Global Market are:

Philips Healthcare announced its newly launched product, EPIQ CVx, and EPIQ CVxi systems. These systems enhance imaging capabilities, artificial intelligence cardiac imaging, and advanced quantification tools. The company work on artificial intelligence-driven solutions, including automated measurement for cardiac ultrasound.

GE Healthcare announced its newly launched Vivid E90 and E95 systems to improve workflow capabilities, imaging performance, and AI-powered tools. The company collaborates with research institutions and the medical sector to develop advanced and new applications.

Siemens Healthinners launched the ACUSON SC2000 PRIME system. It is an advanced ultrasound system integrated with advanced imaging technologies to provide a streamlined workflow.

Canon Medical Systems recently launched its cardiac ultrasound technology products Aplio i800 and i900 to improve image quality and accuracy. The company also explores artificial intelligence and machine learning technologies to expand its business portfolio.

Hitachi Healthcare develops advanced cardiac ultrasound systems with 4D imaging capabilities, high-resolution, and advanced quantification tools. The company enhances workflow efficiency to expand its business portfolio.

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Major Players are:

Hitachi, Ltd.
Analogic Corporation
Toshiba Corporation
Esaote SpA
Samsung Medison Co. Ltd
FUJIFILM Holdings Corporation
Mindray Medical International Ltd.
GE Healthcare

Market by Categorization:

By Product:

Cardiac system
Ultrasound system
- Cart/Trolley Cardiac Ultrasound Devices
- Compact/Handheld Ultrasound Scanners

By End User:

Hospitals And Clinics
Diagnostic Imaging And Surgical Centers
Ambulatory Surgical Centers
Others

By Region:

North America
Latin America
Europe
Asia Pacific
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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Custom T-shirt Printing Market: Thriving at a 9.7% CAGR by 2033 – Exploring Trends, Innovations, and Growth Opportunities

According to the latest findings from Future Market Insights (FMI), the custom t-shirt printing market is valued at US$ 3,883.1 million in 2023 and is anticipated to surge to US$ 9,883.2 million by 2033, reflecting a noteworthy Compound Annual Growth Rate (CAGR) of 9.7% during the forecast period. These statistics underscore the growing demand for personalized apparel solutions and the increasing popularity of custom t-shirt printing services. With consumers seeking unique and expressive clothing options, manufacturers and retailers are presented with significant opportunities to capitalize on this trend and drive further expansion in the market.

Millennials like custom t-shirts because they allow people to create apparel that expresses their individuality, tastes, and sense of style. It is well recognised that a consumer’s ability to make decisions and their purchasing power are closely correlated with their disposable income. The global market for custom T-shirt printing is anticipated to grow unstoppably in the future due to increased disposable incomes worldwide.

Besides, almost every sports team and club has started designing and wearing custom T-Shirts and jerseys to stand out. In other words, almost every sporting club is trying to render a distinct look to its players through increasing team’s visibility. Another application of custom T-Shirts is that of raising social awareness, voicing the opinion, and likewise. Customers in logistics, hospitality, industrial, construction, and medical vertical are specifically providing custom printed T-Shirts as one of the marketing tools to their customers and employees.

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The governments are also increasingly spending on sports-related activities; which is helping in promulgation of custom T-Shirt printing and the scenario is expected to remain the same even going forward.

There are shows like Big Bang Theory and Game of Thrones; whose huge fan base is willing to spend a good amount on purchasing T-Shirts/other apparel with their favorite slogans or dialogues printed on the T-Shirts. This trend is expected to take the custom T-Shirt printing market by storm in the upcoming period.

Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Custom T-Shirt Printing Market’. They are being made available through online retail sales channels.

“With growing preference for fashionable, customizable, and exclusive clothing, the global custom T-Shirt printing market is expected to grow incessantly in the years to come”, says an analyst from Future Market Insights.

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Key Takeaways from Custom T-Shirt Printing Market

North America holds the largest market share with the US housing sports teams that are pressing for designing custom T-Shirts and jerseys with design and logos of their own. In this era of digital marketing, it’s important to increase the visibility. This is where such products help.
Europe holds a notable market share with Germany leading from the front. With exceptional investment in printing technologies, the custom T-Shirt Printing market is expected to substantiate in the upcoming period. There are prominent players like Spreadshirt adding to the growth. Plus, movie enthusiasts are propagating movie logos and slogans. The key participants are into collaboration with entertainment vertical for drawing more number of customers with catchy movie slogans and logos.
The Asia-Pacific is expected to grow at a faster pace in the custom T-Shirt printing market with various start-ups going for customized accessories with personalized printed T-shirts emerging in the market.

Competitive Custom T-Shirts

Printful, in the year 2021, entered into collaboration with Vexels (a leading design platform for using graphics at commercial level
Printful, in October 2019, did announce opening of 2^nd fulfilment center in Europe for serving customers better.

CafePress Inc.
Custom Ink, LLC.
CustomThread
Printful Inc.
RushOrderTees.com
Spreadshirt
THEBLUEGECKOPRINTING
THREADBIRD
UberPrints, Inc.
Vistaprint
Blue Gecko (UK) Ltd
POLOS INC
Teetalkies
INSTANT IMPRINTS
Rogue Star
Sharprint
Kornit Digital
Carhartt, Inc.
Nike, Inc
Others

What does the Report customize?

The research study is based on printing technique (screen printing, digital printing, plot printing, and likewise), by design (artwork and graphic design), by end-use (women, men, kids, and unisex), and by sales channel (online and offline).

With custom T-Shirts increasingly being used by organizations as a present-day branding strategy for marketing their products and offerings.

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Global Custom T-shirt Printing Market By Category

By Printing Technique:

Screen Printing
Digital Printing
Plot Printing
Others

By Design:

Graphic Design
Artwork

By End Use:

Men
Women
Kids
Unisex

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

Author

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

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

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Emerging Trends in Online Gambling Propel Monaco Casino Tourism Market to US$ 9681.5 Million by 2032 | FMI

The Monaco casino tourism market is evaluated to reach US$ 4,282 Million in 2022. As per the report, sales are predicted to increase at a strong 8.5% CAGR, with the market valuation surpassing US$ 9681.5 Million by 2032.

Monte Carlo is a well-known gambling destination in addition to being a city known for staging the Grand Prix. The majority of high rollers prefer visiting this city because of its renowned casino scenery. Monaco is one of the wealthiest regions in Europe, therefore celebrities and the rich from around the world like visiting for the excitement. You can play at the same tables that were used in some of the James Bond movies that were filmed in this city. The casinos here are open around the clock and provide a special experience that you can’t get anywhere else.

Few casinos are as revered as Monaco’s The Monte-Carlo Casino when it comes to being the most illustrious in the world. With a long and illustrious history that dates back to 1865, this location has long been associated with glamour and luxury. It continues to be a playground for the rich and famous, where high rollers come to place eye-watering bets in the hopes of leaving with pockets that are even fuller than when they arrived.

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The casino is famed for its history as well as some somewhat odd rules and traditions, all of which add to the unique gaming experience. It draws visitors of all kinds from all over the world who are inspired to try their luck at one of James Bond’s most well-known gambling haunts.

Hollywood blockbusters have frequently taken place in the casino’s halls, including episodes of the Bond films “Never Say Never,” “GoldenEye,” and “Casino Royale,” as well as the highest-grossing movie of 2004, “Ocean’s Twelve.”

Key Takeaways:

Through 2032, Roulette is expected to hold a significant market share in terms of Game type.
Age-wise, through 2032, demand will continue to increase in the 35 to 50-year-old range.
Nearly 15 million tourists visit China for casinos every year.
Based on the type of tourist, International tourists will continue to grow in the forecasted period.

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Key Manufacturing Companies

Tripadvisor
Venture Ashore
GetYourGuide.
Musement S.p.A.
Northstar Travel Media, LLC.
Viator, Inc.
Booking.Com
Kayak
Expedia, Inc.

The Monaco Casino Tourism Market by Category

By Game Type:

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

By Casino Type:

Commercial
Tribal
Limited Stakes
I-gaming

By End Users (% of Demand):

Gambling Enthusiasts
Social Exuberant
Dabblers
Lottery Loyalists
Unengaged Audience

By Tourist Type:

Domestic
International

By Tour Type:

Independent Traveller
Package Traveller
Tour Group

By Consumer Orientation:

Men
Women

By Age Group:

15-25 Years
26-35 Years
36-45 Years
46-55 Years
66-75 Years

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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New Trends in Faux Paints and Coatings: Material-Based Adhesives and Synthetic Finishes Fuel Innovation

The global faux paints and coatings market, valued at US$ 2.1 billion in 2022, is projected to witness substantial growth, reaching US$ 4.2 billion by 2032, with a compound annual growth rate (CAGR) of 6.3% during the forecast period. Future Market Insights reports indicate a steady increase in consumption, growing at a CAGR of approximately 5.7% over the last five years. This growth trajectory underscores the rising demand for faux paints and coatings across various industries, driven by factors such as aesthetic appeal, durability, and versatility, thereby indicating promising opportunities for market players in the coming years.

Demand for material-based adhesives is increasing in public and private applications for superior finishes, and a growing acceptance of authentic synthetic finishes, especially in emerging economies, is anticipated to increase the development of the global artificial finish coatings market over the coming decade.

New residential and non-residential developments, particularly in emerging regions, have an impact on the growth of the Faux Paints and Coatings industry. The desire for house décor and painting is projected to fuel demand for fake coatings.

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Key Takeaways from the Market Study

Faux Paints and Coatings Market was valued at US$ 7.2 Bn in 2021. According to Future Market Insights, Faux Paints and Coatings Market revenue would increase 1.8X between 2022 and 2032, reaching roughly US$ 6.4 Bn in 2032.
In terms of Type, revenue through Plasters is expected to accounts for the highest projected CAGR of over 7%.
In terms of Application of Faux Paints and Coatings, Building and Construction accounts for the highest CAGR of 6.2% during the historic period (2017-21).
US is the dominant region in Faux Paints and Coatings Market with an absolute dollar growth opportunity of over US$ 2.2 Bn.

Plasters had the largest market share in 2021, accounting for about 30% of the market. Throughout the projected period, this product segment is likely to dominate the worldwide market.

Winning Strategy

Because of its greater bond than powder compounds, Faux Paints and Coatings are widely used in the residential sector. In the near future, the worldwide Faux Paints and Coatings market is expected to be driven by an increase in the use of Faux Paints and Coatings as bonding agents in the building sector.

Competitive Environment

The worldwide Faux Paints and Coatings industry is fragmented and reliant on a few significant players. To maintain their top positions, these important firms are stressing the development of increasingly innovative and diverse goods.

In 2021, Faux Effects International Inc. announced the release of WALL SILK in 2021, a one-of-a-kind Faux Effects decorative coating that, when combined with ShimmerCoat, evokes the look, feel, and elegance of raw silk and other magnificent materials.
In 2020, PPG Industries, Inc. announced that it will introduce a new line of fake finish coatings in a variety of neutral hues.

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Top Key Players in the Faux Paints And Coatings Market

The Sherwin-Williams Co.
Nippon Paint Holdings Co.
Axalta Coating Systems
Kansai Paint Co. Ltd.
Faux Effects International
Jotun
PPG
AkzoNobel
RPM International Inc.
BASF Coatings
Asian Paints Ltd.

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Essential Oils and Oleoresins Market Driven by Growing Consumer Demand for Natural and Healthy Ingredients in Food Industry

The Essential Oil and Oleoresins market notable expansion within the food sector. These items are becoming more and more well-liked as natural taste enhancers and preservatives due to the growing customer desire for natural and healthy ingredients. Food makers have used them more frequently due to their adaptability and possible health benefits, which has sped up the market’s growth.

Sales of oleoresins and essential oils are projected to increase at a compound annual growth rate (CAGR) of 6.5%, reaching US$ 12,567 million in 2022 and US$ 23,479 million by 2032. Growth is attributed to the expanding use of consumer products and personal hygiene. The market for oleoresins and essential oils grew at a compound annual growth rate (CAGR) of 5.7% between 2016 and 2021.

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Consumer-Driven Demand:

Increasing Demand in Various Industries: Consumer preferences for natural food products drive the heightened demand for essential oils and oleoresins in end-user industries like drinks, bakery and confectionery, soup, and curry powder.
Diverse Applications in Household Items: The pharmaceutical, cosmetic, and perfumery industries widely use essential oils and oleoresins in various products, including mouthwash, toothpaste, body lotions, and creams, catering to consumer demands in these sectors.
Global Demand Surge: The global market for essential oils and oleoresins is propelled by the escalating demand for these products in numerous end-user industries, further fueled by the popularity of natural scent in medications, cosmetics, and other items

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The primary usage of essential oils, which are raw plant materials used in the manufacturing of food and beverages, is to improve the flavour and scent of food products. They come from oleoresins, which are one of the greatest places to get essential oils. Oleoresins and essential oils can both be produced through distillation or solvent extraction. Since both can be used to enhance the flavour and aroma of food, essential oils and synthetic chemicals are highly competing with one another in the fragrance market.

Key Takeaways:

Exponential Growth Trajectory: The Essential Oils and Oleoresins market witnesses remarkable growth in the food industry, propelled by increasing consumer demand for natural and healthy components. The market is projected to reach US$ 23,479 million by 2032, indicating a robust CAGR of 6.5% from US$ 12,567 million in 2022.
Versatility and Health Benefits: Essential oils and oleoresins find popularity as natural taste enhancers and preservatives due to their versatility and potential health advantages. Food manufacturers are increasingly incorporating these products, accelerating market expansion.
Diverse Applications: Essential oils, derived from raw plant materials, primarily serve to enhance the flavor and scent of food products. Oleoresins, a rich source of essential oils, experience high demand in the fragrance market due to their ability to improve aroma. The market competitiveness between essential oils and synthetic chemicals in the fragrance industry intensifies.
Global Market Dynamics: The market’s growth between 2016 and 2021 reflected a compound annual growth rate (CAGR) of 5.7%. Sales are expected to rise from US$ 12.5 billion to US$ 23.5 billion by 2032, fueled by applications in personal hygiene and consumer goods.

The demand for premium oils is rising as aromatherapy, which uses both essential oils and other aromatic compounds for its medicinal powers, gains popularity. The demand for natural perfumes and cosmetics is anticipated to increase over the course of the forecast period, which is likely to have an effect on the world market for essential oils and oleoresins.

Due to the increased demand for essential oils in a number of end-user industries, such as curry powder, soup, bakery and confectionery, and drinks, the market is anticipated to grow. Consumer preference for savoury cuisine is another element driving the growth of the global market for essential oils and oleoresins oils.

Essential Oils and Oleoresins Market Driven by Consumers’ Demand for Natural Food Products

Since customers are shifting to consuming food products made from natural sources, demand for essential oils and oleoresins has increased across a number of end-user industries, including drinks, bakery and confectionery, soup, and curry powder. Solvent extraction is a method used to extract essential oils from botanical sources. They are used in the food and beverage industries because of their distinctive scent. Additionally, they are employed in the production of cosmetics and natural perfumes in the fragrance and flavour sector. These features are expected to cause the market for essential oils and oleoresins to develop significantly during the next years.

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Increasing Application in Various Household Items

There is diversity in the application of essential oils and oleoresins. They are often used in the pharmaceutical industry for the production of mouthwash and toothpaste. Essential oils and oleoresins also find application in the cosmetic industry where they are used to produce the aromatic scent gotten from body lotion, cream, and many more. Consumers’ demand for these items is a significant factor fueling the surge in demand for essential oils from the pharmaceutical industry, cosmetic industry, perfumery industry, and others. The rise in demand will also facilitate the growth of the global essential oils and oleoresins market.

Essential Oils and Oleoresins Market Restraint

The growth of the global essential oils and oleoresins market is threatened by the surge in the price of high-quality products that essential oils are used to produce. Consumers are often discouraged when the cost of items is high in the global market. A rise in the price of a product will foster consumers to switch towards the consumption of items with similar quality but a low price. And this will hamper the growth of the essential oils and oleoresins market globally.

Essential Oils and Oleoresins Market: Region-wise Analysis

The Asia Pacific is slated to experience rapid growth during the forecast period due to the rising preference of consumers and manufacturers for food items such as black pepper, cloves, and others. North America is the next region expected to witness significant growth over the forecast period. Countries like India and China are in high demand for essential oils and oleoresins. For this reason, the Asia Pacific is expected to register a healthy CAGR over the forecast period.

Essential Oils and Oleoresins: Competitive Landscape

doTERRA International LLC
Mountain Rose Herbs, Inc.
Synthite Industries Ltd.
Clarion Casein Ltd.
Universal Oleoresins Private Limited
Young Living Essential Oils LC

Region-wise Analysis

North America (U.S., Canada)
Latin America (Mexico, Brazil)
Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
East Asia (China, Japan, South Korea)
South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
Oceania (Australia, New Zealand)
Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

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Market Restraint:

The surge in the price of high-quality essential oil products acts as a restraint on the market’s growth. High product costs may prompt consumers to seek alternatives with similar quality but at a lower price, hampering market expansion.

Regional Analysis:

Asia Pacific Growth: The Asia Pacific is anticipated to experience rapid growth, driven by increasing consumer and manufacturer preferences for food items like black pepper and cloves.
North America’s Prominence: North America, particularly countries like India and China, shows high demand for essential oils and oleoresins, contributing to significant market growth

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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 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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Continuous Peripheral Nerve Block Catheter Market En Route to Surpassing US$ 1,058.6 Billion by 2033

The continuous peripheral nerve block catheter market share is anticipated to reach a valuation of US$ 585.6 million by 2023. Continuous peripheral nerve block catheter sales are projected to reach US$ 1,058.6 million by 2033. Continuous peripheral nerve block catheter revenue is expected to increase at a compound annual growth rate of 6.1%.

Over the course of the forecast period, the continuous peripheral nerve block catheter market is predicted to expand in revenue due to the growing use of analgesics and post-joint replacement operations, such as hip and knee replacement, for pain management.

The continuous peripheral nerve block catheter market is driven by factors such as the need for adequate postoperative pain management, a high prevalence of orthopedic and trauma surgeries, and a focus on reducing opioid use. The increasing demand for effective pain management and the desire to reduce opioid dependency is expected to drive the demand for continuous peripheral nerve block catheters.

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The growth of ambulatory surgery centers (ASCs) has created a favorable environment for continuous peripheral nerve block catheters. Continuous peripheral nerve block catheters are finding applications beyond orthopedic surgeries, including in thoracic surgery, abdominal surgery, and chronic pain management. The expanding scope of use is driving market growth.

Regulatory agencies are increasingly recognizing the value of nerve block catheters in pain management and postoperative care, which can boost adoption.

Ongoing research and development activities are leading to the introduction of new catheter designs, pain management protocols, and local anesthetic agents, further driving market growth. Integrating telemedicine and remote monitoring technologies can enhance the management of patients with nerve block catheters, making these devices more accessible and convenient.

Key Takeaways

From 2018 to 2022, the packaging machinery market demand expanded at a CAGR of 5.6%
Based on product type, the non-stimulating catheter segment is expected to account for a CAGR of 6.0% during the forecast period.
Global continuous peripheral nerve block catheter demand in Germany is expected to expand at a CAGR of 5.7% during the forecast period.
In the United States, the market is expected to reach US$ 245.6 million between 2023 and 2033.
A growth rate of 5.9% is expected for the hospital segment over the forecast period.
China is projected to expand by 5.5% between 2023 and 2033.
By 2033, the market in India is anticipated to expand at a CAGR of 5.4% during the forecast period.

“Growing surgery volume coupled with the soaring need for effective postoperative care is anticipated to support the market growth during the forecast period.”

Competitive Landscape

The market players invest in research and development, sustainability initiatives, and digitalization to stay competitive and provide innovative packaging solutions to various industries.

Some of the recent developments from the market are as follows-

In February 2022 InfuSystem, a national healthcare service provider, announced an agreement with Solo-Dex, for the development of continuous peripheral nerve block catheters. InfuSystem and Solo-Dex are moving development toward the acute pain management market.
Stryker is a leading medical technology company with a presence in the continuous peripheral nerve block catheter market. The company has worked on developing integrated pain management solutions that include catheters and infusion pumps for precise anesthetic delivery. Stryker has expanded its product portfolio to provide a comprehensive range of pain management solutions.

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Market Segmentation

By Product Type:

Stimulating Catheter
- Open Tip Catheter Stimulating Catheter
- Closed Tip Catheter Stimulating Catheter
Non-Stimulating Catheter
- Open Tip Catheter Non-Stimulating Catheter
- Closed Tip Catheter Non-Stimulating Catheter
Over-The-Needle Catheter

By Insertion Technique:

Nerve Stimulation Based Insertion
Ultrasound Based Insertion

By Indication:

Trauma Cases
Upper Extremity Surgeries
Lower extremity Surgeries
Pain Management
Other Indications

By End User:

Hospitals
Ambulatory Surgical Centers

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.

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: Dimethylformamide Market Set to Grow with 4.8% CAGR from 2023 to 2033

The dimethylformamide (DMF) market is anticipated to thrive at an average CAGR of 4.8% between 2023 and 2033. The market is expected to have a market share of US$ 627.7 million by 2033, while it is likely to be valued at US$ 392.8 million in 2023.

Higher demand for dyes, fertilizers, pesticides, and herbicides has flourished the market growth. Furthermore, the advanced SBR latest production also involves the usage of dimethylformamide. Hence, the future for the market looks promising during the forecast period.

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As an aprotic solvent in chemical transformation, the DMF is also used as a reagent, catalyst, and stabilizer. Hence, these different applications of it help specific chemical operations. New derivatives and saturation levels also decide the performance of the DMF as separate elements in a chemical reaction.

The many probable mechanisms originating through these reactions also help the chemical sector growth. The affordable and safe DMF can undergo a series of controlled experiments with the source of ‘CN’ units.

The increased manufacturing and demand of synthetic leathers, adhesives, films, fibers, and sugar face coating are anticipated to add value to the market. The effective usage of it at separating and suspending carbon nanotubes is also expected to create new opportunities for the market.

Key Points

The United States market leads the North American dimethylformamide (DMF) market in terms of market share in North America. The United States held a market share of 21.3% in 2022. The factors attributed to the growth are a higher government budget for research-based institutions, chemical product preparation, and restored production space.
The German dimethylformamide (DMF) market held a healthy market share of 9.8% in 2022. The market growth is caused by higher manufacturing of adhesives and improved supply chain. The European quest to deliver sustainable solutions for manufacturing and production.
The Indian market thrives at a steady CAGR of 8.3% between 2023 and 2033. The growth is attributed to the government extending chemical product research and development.
China thrives at a booming CAGR of 28.4% between 2023 and 2033. The rapid growth is due to the restored manufacturing and production of acrylic and other chemical-based products.
Based on operation type, the semi-automatic segment held the leading market share of 24.6% in 2022—increased application of it in synthetic resin and leather industries and dose-related massive necrosis in animals.
Based on end use, the pharmaceutical industry segment leads as it held a market share of 43.1% in 2022

Competitive Landscape

The key suppliers focus on multi-purpose usage, delivering enough derivatives, and passing different grade checks. The competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.

Recent Market Developments

Artha Enterprise has introduced a 170 kg drum and tanker load of dimethyformamide (DMF). The product comes from RCF and is imported to Indian markets through Artha Enterprises.
Zhejiang Jiangshan Chemical has launched its Dimethylformamide (DMF) with its different derivatives.

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Key Players

Cable House
J. N. Chemical
Artha Enterprise
Alpha Chemika
Antares Chem Pvt. Ltd.
BASF
Eastman Chemical
Merck
Luxi Chemical Group
Jiutian Chemical Group
Mitsubishi Gas Chemical
The Chemours
Zhejiang Jiangshan Chemical
Chemanol
AK-KIM
Pharmco Products
Ineos AG
Arkema Group

Key Segmentation Covered

By Derivatives:

N, N-DMF Dimethyl Acetal
N, N-DMF Ditert-Butyl Acetal
N, N-Dimethylformamide

By Application:

Industrial Solvent
Polymer Fibres
Surface Coatings
Films
Processing of Acrylic Fibres
Wire Enamel

By End User:

Pesticides
Pharmaceuticals
Solvents
Chemicals

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

Baby Diaper Market Poised to Advance at a 5.5% CAGR, Expected to Surpass US$ 120 Billion by 2033: Exploring Growth Opportunities and Trends

With an estimated value of US$ 70 billion in 2023, the baby diaper market anticipates substantial growth, projected to exceed US$ 120 billion by 2033. Forecasts suggest a steady adoption rate for baby diapers, poised to advance at a Compound Annual Growth Rate (CAGR) of 5.5% throughout the forecast period. This trajectory underscores the enduring demand for essential childcare products and the increasing emphasis on convenience and hygiene. As the market continues to expand, manufacturers and retailers have significant opportunities to innovate and cater to the evolving needs of parents and caregivers worldwide, driving further growth in the sector.

The global baby diaper market is a lucrative industry that continues to experience significant growth due to the increasing demand for baby care products and the rising population of infants worldwide. Numerous opportunities and trends are emerging in the market that can benefit baby diaper manufacturers and retailers.

An emerging trend in the baby diaper market is the increasing popularity of smart diapers. Smart diapers are designed with sensors that can detect moisture levels and notify caregivers when it is time for a diaper change. This feature can help reduce the risk of diaper rash and infections, providing a more comfortable experience for infants and caregivers.

The demand for premium and high-quality baby diapers is growing due to the rise in disposable income and changing consumer preferences. Baby diaper manufacturers are investing in advanced technologies to produce superior quality diapers with enhanced absorbency, comfort, and flexibility, thus meeting the needs of discerning consumers.

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The e-commerce channel is becoming an essential distribution channel for baby diaper products, driven by the growing penetration of smartphones and the internet. Consumers are increasingly purchasing baby diapers online due to the convenience and ease of shopping, providing an opportunity for manufacturers to expand their online presence.

Key Takeaways:

As per FMI analysis, the United States currently holds the leading share, accounting for a CAGR of 5.3% in the global market in 2022.
Germany emerged as a significant player in the baby diaper industry, with a CAGR of 5.1% in 2022.
China’s baby diaper industry held a CAGR of 5% in 2022.
The pant style segment is expected to dominate the baby diaper industry with a CAGR of 5.6% in 2022.
The disposable diaper segment is expected to dominate the baby diaper market, capturing a CAGR of 5.4% in 2022.

“The baby diaper market is witnessing a rapid shift towards more sustainable and eco-friendly options, as well as the adoption of advanced technologies for increased convenience and performance”, suggests an analyst at FMI.

How Key Players are Revolutionizing the Manufacturing of the Baby Diaper market?

The baby diaper industry has a very competitive environment due to numerous companies that operate globally. Leading players in the baby diaper market are constantly innovating to revolutionize the manufacturing process. Among the key areas of focus is sustainability, with several companies making efforts to reduce their environmental impact. For example, Procter & Gamble has introduced a diaper recycling program that turns used diapers into items like plastic lumber and roofing materials.

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A prominent aspect is technology, with companies investing in advanced materials and manufacturing processes to improve the performance and comfort of diapers. For example, Kimberly-Clark has developed a patented technology called ‘Airflex’ which allows for the creation of a thinner, more flexible diaper without sacrificing absorbency.

Leading players are also investing in research and development to better understand the needs and preferences of parents and babies. This includes developing new product features and improving existing ones to meet the evolving demands of the market.

Key Players:

Kimberly-Clark Corporation
Procter & Gamble Company
Kao Corporation
Unicharm Corporation
Cardinal Health Inc.
Ontex International N.V.
Bambo Nature USA,
PAUL HARTMANN AG,
C. R. Bard, Inc.
Aleva Naturals (D&G Laboratories Inc.)
B. Braun Melsungen AG
Babyganics (S.C. Johnson & Son Inc.)
Bambino Mio Ltd.
Bambo Nature USA (Abena Group)
The Honest Company Inc.

Recent Developments in the Baby Diaper Industry:

In February 2021, Procter & Gamble launched its new line of eco-friendly diaper products, called ‘Pampers Pure Protection – Natural Diapers’.

More Insights Available:

Future Market Insights offers an unbiased analysis of the baby diaper market, providing historical data from 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the reusable incontinence products market, the report is segmented on the basis of Product (Underwear Pants, Cloth Diapers, Flat Cloth Diaper, Pre-Fold Cloth Diaper, Pocket Diaper, Fitted Cloth Diaper, Hybrid Cloth Diaper, All-in-One Diaper, Preemie Diapers and Swim Diaper), Age (0 to 5 Months, 5 to 8 Months, 9 to 24 Months and Above 24 Months), Style (Tape Style and Pant Style), Functionality (Disposable Diaper and Reusable Diaper), across 5 major regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

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Market Segmentation:

By Product:

Underwear Pants
Cloth Diapers
Flat Cloth Diaper
Pre-Fold Cloth Diaper
Pocket Diaper
Fitted Cloth Diaper
Hybrid Cloth Diaper
All-in-One Diaper
Preemie Diapers
Swim Diaper

By Age:

0 to 5 Months
5 to 8 Months
9 to 24 Months
Above 24 Months

By Style:

Tape Style
Pant Style

By Functionality:

Disposable Diaper
Reusable Diaper

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

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 ~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

New Rules and Urbanization Propel China’s Casino Tourism to a Potential US$ 22.30 Million Market by 2032 | FMI

According to recently published statistics by Future Market Insights (FMI), the China casino tourism market is anticipated to grow at a compound annual growth rate (CAGR) of 8.1% from 2022 to 2032, from an expected US$ 10.234 million in 2022 to US$ 22.30 million by 2032.

Online gambling is the practice of wagering on casinos and other sports-related events through the use of the Internet. Since computer programs regulate the activity, there is no physical interaction between players when playing online. Sports betting, blackjack, poker, roulette, and slot machines are just a few examples of the games that may be played online.

These games can be accessible through a website or downloaded using gambling software on a computer. Due to its accessibility from any smart device, cashless transactions, real-time gambling experience, and ability to set players’ own spending limits, online gambling has become extremely popular in China.

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The legalization of online gambling in China is the main factor driving the industry for this type of gambling. To regulate and police online poker, casinos, and sports betting businesses, the government has adopted new rules and regulations. Consumer interactions with domestic and foreign gambling websites and mobile applications are developing as a result of expanding internet access and increased urbanization.

Key Takeaways:

Through 2032, Punto Banco is expected to hold a significant market share in terms of Game type.
Age-wise, through 2032, demand will continue to increase in the 35 to 50-year-old range.
Nearly 15 million tourist visit China for casinos every year.
Based on type of tourist, International tourists will continue to grow in the forecasted period.

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Key Players

Thrillophilia.com
Kayak
Travel Triangle
Veena World
Milesandsmilesholidays
Tripadvisor
TourRadar
Holidify Travels Pvt. Ltd.
Agoda
Yatra.com
chinadiscovery.com
Expedia, Inc. (as per request)

The China Casino Tourism Market by Category

By Game Type:

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

By Casino Type:

Commercial
Tribal
Limited Stakes
I-gaming

By End Users (% of Demand):

Gambling Enthusiasts
Social Exuberant
Dabblers
Lottery Loyalists
Unengaged Audience

By Tourist Type:

Domestic
International

By Tour Type:

Independent Traveller
Package Traveller
Tour Group

By Consumer Orientation:

Men
Women

By Age Group:

15-25 Years
26-35 Years
36-45 Years
46-55 Years
66-75 Years

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