Market Research Blog – Page 3597 – New Product Development

Global Personal Watercraft Market Expected to Surge at 6% CAGR by 2032

The global personal watercraft market demand is expected to grow at a positive CAGR of 6% and reach a substantial value by 2032. The target market was valued at US$ 1.6 Bn in 2020 and will likely continue to perform well during the forecast period. With the increasing application of personal watercraft in marine and water police forces, the market for the same is projected to grow over the next few years.

The personal watercraft (PWC) market refers to the industry segment focused on the manufacturing, distribution, and sale of recreational watercraft designed for individual use. These watercraft, commonly known as jet skis, wave runners, or sea-doos, offer riders thrilling experiences on the water and are popular for recreational activities such as cruising, watersports, and leisure riding. Here’s an overview of the personal watercraft market:

Market Growth: The personal watercraft market has experienced steady growth over the years, driven by factors such as increasing disposable income, growing interest in water-based recreational activities, and advancements in PWC technology. As more people seek outdoor adventures and water-based entertainment, the demand for personal watercraft continues to rise.

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Types of Personal Watercraft: Personal watercraft come in various types and configurations to suit different riding preferences and activities. Common types include:

Stand-up PWC: Small, lightweight watercraft designed for one rider to stand on while riding, typically used for performance riding and freestyle maneuvers.

Sit-down PWC: Larger watercraft designed for one to three riders to sit on while riding, offering comfort and stability for cruising, towing, and watersports.

Luxury and touring models: Feature-rich watercraft with amenities such as onboard storage, sound systems, and advanced technology for extended rides and recreational cruising.

Performance models: High-performance watercraft designed for speed, agility, and adrenaline-pumping rides, often equipped with powerful engines and specialized hull designs.

Market Players: The personal watercraft market is served by several manufacturers, including established marine brands and specialized PWC manufacturers. Major players in this market include Yamaha WaveRunners, Sea-Doo (BRP), Kawasaki Jet Skis, and other marine industry leaders.

Technological Advancements: Technological innovations play a significant role in shaping the personal watercraft market, with manufacturers continually introducing new features and improvements to enhance performance, safety, and rider experience. Key technological advancements include:

Advanced propulsion systems: High-performance engines, including four-stroke and supercharged models, offering increased power, efficiency, and reliability.

Hull designs: Innovative hull shapes and materials for improved stability, maneuverability, and ride comfort in various water conditions.

Ride control systems: Electronic systems for throttle control, trim adjustment, and braking, allowing riders to customize their riding experience for optimal performance and handling.

Connectivity and navigation: Integration of GPS navigation systems, touchscreen displays, and smartphone apps for navigation, route planning, and onboard entertainment.

Regulatory Environment: The personal watercraft market is subject to regulations and safety standards governing the design, manufacture, and operation of PWC. Government agencies and industry organizations establish rules related to emissions, noise levels, speed limits, and safety equipment to ensure the safe and responsible use of personal watercraft.

Market Outlook: The personal watercraft market is expected to continue growing in the coming years, driven by factors such as increasing participation in water-based recreational activities, technological advancements in PWC design and performance, and the introduction of new models catering to diverse consumer preferences. As manufacturers invest in product development, marketing, and distribution channels, the personal watercraft market is poised for further expansion and innovation.

Overall, the personal watercraft market offers a range of exciting and versatile watercraft options for individuals seeking adventure, relaxation, and fun on the water. With a focus on performance, safety, and rider experience, personal watercraft continue to captivate water enthusiasts worldwide.

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Key Segments

By Type

Sports
Recreational
Performance
Luxury

By Seat Capacity

One seat
Two seat
Three seat
Standing

By Hull Type

Composites
Plastic

By Region

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

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.

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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Bicycle Market Share Projected to Grow at 8.92% CAGR by the year 2033

The global bicycle market share in 2022 was US$ 1,300 million and is estimated to be US$ 2,650.23 million in 2023. The bicycle market is expected to increase at a CAGR of 8.92% between 2023 and 2033, totaling around US$ 6,229.4 million by 2033.

The Bicycle Market encompasses the production, distribution, and sale of bicycles and related accessories, catering to a wide range of consumer segments, including recreational riders, commuters, fitness enthusiasts, and professional athletes. Here’s an overview of the Bicycle Market:

Market Overview:

The Bicycle Market includes a diverse range of bicycles designed for various purposes, such as road cycling, mountain biking, commuting, touring, and recreational riding.

Bicycles are popular modes of transportation, exercise equipment, and recreational vehicles, offering benefits such as eco-friendliness, affordability, health, and convenience.

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Key Players:

Bicycle Manufacturers: Leading bicycle manufacturers and brands, including Giant Manufacturing Co., Ltd., Trek Bicycle Corporation, Specialized Bicycle Components, Inc., Cannondale, and Merida Industry Co., Ltd., dominate the global bicycle market.

E-bike Manufacturers: With the growing popularity of electric bicycles (e-bikes), companies like Bosch eBike Systems, Shimano Inc., Yamaha Motor Co., Ltd., and Bafang Electric (Suzhou) Co., Ltd., play key roles in supplying e-bike components and systems.

Market Drivers:

Health and Fitness Trends: Increasing awareness of health and fitness benefits drives demand for bicycles as a means of exercise, recreation, and outdoor activity, contributing to market growth.

Urbanization and Congestion: Rising urbanization, traffic congestion, and environmental concerns promote cycling as a sustainable and efficient mode of transportation, particularly for short-distance commuting and city travel.

E-bike Adoption: Growing interest in e-bikes, fueled by advancements in battery technology, motor efficiency, and urban mobility solutions, expands the market by attracting new demographics and addressing barriers to cycling, such as physical exertion and range limitations.

Active Lifestyle: Shifts towards active lifestyles, outdoor pursuits, and adventure travel encourage participation in cycling activities, including bike touring, bikepacking, and multi-day cycling events.

Market Challenges:

Safety Concerns: Safety concerns related to cycling accidents, road infrastructure, and vehicle interactions pose challenges for market growth, requiring investments in bike lanes, traffic regulations, and public awareness campaigns.

Infrastructure Limitations: Inadequate cycling infrastructure, including bike paths, lanes, parking facilities, and bike-sharing programs, hinders the adoption of bicycles as a primary mode of transportation in urban areas and regions with limited cycling facilities.

Perceived Barriers: Perceived barriers to cycling, such as physical exertion, weather conditions, theft risks, and lack of facilities, deter some individuals from embracing cycling as a viable transportation option or recreational activity.

Competitive Landscape: Intense competition from alternative transportation modes, including automobiles, public transit, ridesharing, and micromobility solutions, challenges the market share and growth potential of bicycles.

Market Trends:

E-bike Innovation: Continued innovation in e-bike technology, including lightweight designs, longer battery range, integrated electronics, and smart connectivity features, drives adoption and expands market opportunities.

Urban Mobility Solutions: Integration of bicycles and e-bikes into urban mobility solutions, including bike-sharing programs, micro-mobility services, and last-mile transportation options, enhances accessibility and convenience for urban commuters.

Sustainable Manufacturing: Emphasis on sustainable materials, production processes, and supply chain practices promotes environmentally friendly bicycles, supporting the adoption of eco-conscious brands and products.

Digitalization and Connectivity: Integration of digital platforms, mobile apps, GPS navigation, and IoT sensors enhances the cycling experience, offering features such as route planning, real-time traffic information, fitness tracking, and bike theft prevention.

Market Outlook:

The Bicycle Market is poised for continued growth, driven by increasing interest in cycling for transportation, recreation, and fitness, as well as advancements in e-bike technology and urban mobility solutions.

Market players that invest in product innovation, sustainability initiatives, infrastructure development, and consumer education will be well-positioned to capitalize on the expanding opportunities in the dynamic Bicycle Market.

Collaborative efforts among industry stakeholders, governments, advocacy groups, and urban planners are essential to address challenges, improve cycling infrastructure, and promote cycling as a safe, accessible, and sustainable mode of transportation and recreation.

Market Competition

Key players can create and advertise new, better goods at high price points to obtain a continuous competitive edge in the bicycle market. Additionally, a few significant bicycle market players are increasing their bicycle market share by choosing techniques including mergers and acquisitions, partnerships, and collaborations.

Key Players Profiled in the Bicycle Market

Accell Group
Atlas Cycles (Haryana) Ltd.
Avon Cycles Ltd.
Cervelo
Dorel Industries Inc.
Giant Bicycles
Merida Industry Co., Ltd.
Specialized Bicycle Components, Inc.
SCOTT Sports SA
Trek Bicycle Corporation

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Key Segments

By Product Type:

Comfort
Cruiser
Mountain
Hybrid
Road
Cargo
Youth

By Technology:

Electric
Conventional

By Price:

Low Range
Medium range
Premium

By End User:

Kids
Men
Women

By Region:

North America
Europe
Asia Pacific
The Middle East & Africa
Latin America

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.

Contact Us:

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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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Rising Tide of Eco-Conscious Consumers Drives Ethylene Amines Market: Industry Set to Scale New Heights with Demand Surge in Surfactants and Eco-Friendly Products

A recently published study by Future Market Insights concludes that the global ethylene amines industry size is forecast to register a CAGR of 4.6% from 2022 to 2032. The market is expected to reach a valuation of US$ 3.1 Billion as of 2032 while registering absolute dollar growth worth US$ 1.1 Billion during the said period of assessment. Consumption is expected to increase across a number of industries, including polymers, textiles, personal care, automotive, water treatment, and agrochemicals.

From 2015 to 2021, ethylene amines sales experienced substantial growth, documenting a 5.5% CAGR to conclude at US$ 1.9 Billion. Growing demand for laundry and detergent products due to consumer awareness of cleanliness and hygiene has pushed ethylene amines market size in surfactant applications. Increasing research investments in the development of eco-friendly products with ecologically friendly properties will spur growth in product demand.

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It is expected that research and development activities that are being conducted in order to optimize the use of ethylene amine for various other applications will be the key element contributing to the growth of the ethylene amine market around the globe. Furthermore, with the growing demand for green initiatives, policies are being drafted in the region that will reduce carbon emissions, ensure safety, and so on.

Key Takeaways from the Market Study

Global ethylene amines market to expand 1.5x across the coming decade
On the basis of type, the ethylenediamine (EDA) segment is slated to register a CAGR of 4.2%
Agrochemicals to be top end-user, documenting a CAGR of 4.1% from 2022 to 2032
U.S. market to reach US$ 1 Billion by 2032, growing at a CAGR of 4.4% in value terms
China to be an important contributor to ethylene amines market growth, yielding a $ opportunity worth US$ 100 Million
A growing cosmetics industry to enhance uptake in Japan, at a CAGR of 3.8% over the forecast period

“Analysts anticipate new technologies will emerge in the coming years and wind turbine blades will be adopted to offer more wind energy capacity, which will significantly improve ethylene amine production in the coming years,” reports an FMI analyst.

Competitive Landscape in Ethylene Amines

The end users of ethylene amines will benefit from new technologies and their production. A strategic partnership may enable the company to expand its operational capabilities.

In July 2021, In a joint release, Enterprise Products Partners L.P. announced the acquisition of a wholly-owned subsidiary of NOVA Chemicals in Mont Belvieu, Texas, operating ethylene storage and trading facilities. With this acquisition, Enterprise has its own growing ethylene network in Texas, which will complement its own market hub for the product since it was established in 2001.
In February 2022, AdvanSix acquired U.S. Amines for $100 million in cash. The acquisition will close in Q122, subject to closing conditions, and will have a positive impact on 2022 earnings. Through this acquisition, AvanSix will be able to internalize the source of products and raw materials, thereby enhancing its capabilities in agrochemicals. In addition to increasing its scalability, the deal provides a boost to high-value applications like electronic, pharmaceutical, and water treatment.

Leading Companies Profiled in the Ethylene Amines Market are

Arabian Amines Company
BASF SE
Delamine BV
Diamines and Chemicals Ltd.
Dow
Fisher Chemical
Huntsman International LLC
Nouryon
Oriental Union Chemical Corporation
Sadara Chemical Company
Saudi Basic Industries Corporation (SABIC)
Tosoh Corporation

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More Valuable Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the global ethylene amines market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights by type (Ethylenediamine (EDA), Diethylenetriamine (DETA), Triethylenetetramine (TETA), Tetraethylenepentamine (TEPA)), by End-user Industry (Personal Care, Pulp and Paper, Adhesives, Paints, and Resins, Agro Chemicals, Automotive, Pharmaceutical, Oil and Gas, Other End-user Industries), & By Region (North America, Europe, Asia Pacific, Middle East, and Africa, Latin America)

Key Segments Covered In the Ethylene Amines Market Study

By Type:

Ethylenediamine (EDA)
Diethylenetriamine (DETA)
Triethylenetetramine (TETA)
Tetraethylenepentamine (TEPA)

By End-Use Industry:

Personal Care
Pulp and Paper
Adhesives, Paints, and Resins
Agro Chemicals
Automotive
Pharmaceuticals
Oil and Gas
Other End-user Industries

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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Rapid Expansion Forecasted in Fatty Esters Market, Driven by Rising Demand in Cosmetics and Health-Conscious Food Products, Projected to Reach US$ 3.4 Billion by 2032

The global fatty esters market size is expected to secure US$ 3.4 Billion while exhibiting a 4.4% growth rate during the 2022-2032 forecast period. The market was estimated at US$ 2.1 Billion in 2021 and is likely to reach US$ 2.2 Billion in 2022. Growth of the market can be attributed to the extensive usage of fatty esters in a wide range of industries, including cosmetics & personal care, as well as biofuels.

Growing demand for fatty esters for industrial applications owing to their environment friendliness is expected to augment market growth over the forecast period. The increasing use of fatty esters in end-use industries such as food, biochemical, and agricultural is expected to boost the growth of the market during the forecast period.

On the contrary, inadequate availability of raw materials is also one of the major factors affecting the growth of the market. In addition, the lack of properly developed infrastructure in underdeveloped nations is a major disadvantage faced by the market and is another factor projected to hamper the industry growth in the forecast period.

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Key Takeaways from the Report

By type, the fatty acid methyl esters (FAME) segment is expected to record a 4.1% CAGR by 2032
By application, the synthetic lubricant segment to expand at a 3.9% growth rate during the forecast period.
The U.S market to garner US$ 1.2 Billion and record a 4.3% CAGR from 2022-2032
Market in China to procure US$ 235 Million, expanding at a 3.9% growth rate during the assessment period

“Growing demand of fatty esters for expansion of cosmetics industry across the globe is expected to drive the market in the forecast period. Also, the development of food, biochemical and agriculture industries is projected to play a vital role in strengthening the market.”

Competitive Analysis

Eminent players in the global fatty esters market include Faci Asia Pacific Pte. Ltd., KLK Oleo, Estelle Chemicals Pvt. Ltd., Evonik Industries, and DuPont, among others. In addition, the vendors are likely to leverage up-gradation and product differentiation to gain an edge over other competitors in the market. Recent key developments among players include:

In July 2021, Verbio AG signed a MoU (Memorandum of Understanding) with Indian Oil Corporation Ltd. The MoU will explore the possibility of creating a Joint Venture Company using Verbio’s technology and expertise in the production of biofuels (biomethane (CBG/BioCNG), bioethanol, and biodiesel) and marketing these biofuels through Indian Oil’s network.
In March 2021, Renewable Energy Group Inc. collaborated with Optimus Technologies. This collaboration delivers biodiesel to fleets across the United States. With Optimus’ new technology, biodiesel can be utilized as B100 in fleets, i.e., with 100% blended biodiesel.

Leading Companies Profiled in the Fatty Esters Market are

Faci Asia Pacific Pte. Ltd.,
KLK Oleo,
Estelle Chemicals Pvt. Ltd.,
Evonik Industries, and
DuPont,

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More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global fatty esters market presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of type (fatty acid methyl esters, polyol esters, sorbitan esters, sucrose esters and other types) and application (synthetic lubricants, pharmaceuticals, personal care products, food, biofuel application, and other applications) across five major regions (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America).

Key Segments Covered in the Fatty Esters Market Study

By Type:

Fatty Acid Methyl Esters (FAME)
Fatty Acid Polyol Esters
Fatty Acid Sorbitan Esters
Fatty Acid Sucrose Esters
Other Types of Fatty Esters

By Application:

Synthetic Lubricants
Pharmaceuticals
Personal Care Products
Food
Biofuel Applications
Other Applications

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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

Rising Demand for Styrene Propels Global Ethylbenzene Market: Forecasted 3.5% CAGR Projects Market Growth to US$ 31 Billion by 2032

The global ethylbenzene industry is expected to secure US$ 31 Billion while exhibiting a 3.5% growth rate during the forecast period. The market is estimated at US$ 21.3 Billion in 2021 and US$ 21.9 Billion in 2022. The growth of the market can be attributed to the extensive usage of ethylbenzene for the production of styrene.

The increasing use of ethylbenzene in end-use industries such as packaging, electronics, construction, and agriculture is expected to boost the growth of the global ethylbenzene market during the forecast period. From 2015 to 2021, the market for ethylbenzene grew at a CAGR of 2.6%, closing at a value of US$ 21.3 Billion. As of 2022, the industry is likely to reach US$ 21.9 Billion.

On the contrary, the increasing concerns related to ethylbenzene hazards are expected to hinder market expansion in the coming time. In addition to this, stringent rules and regulations of various governments regarding the usage of ethylbenzene are other factors projected to hamper the industry growth in the forecast period.

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Key Takeaways from the Market Study

By application, the styrene segment is expected to record a 2.9% CAGR by 2032
By end-user industry, the construction segment is to expand at a 3.0% growth rate during the forecast period.
The U.S market to garner US$ 10.7Billion and record a 7.2% CAGR from 2022-2032
Market in China to procure US$ 2.2 Billion, expanding at a 3.1% growth rate during the assessment period

“The increasing demand of ethylbenzene for expansion of petrochemical industry across the globe is expected to drive the market in the forecast period. Also, the development of automotive, construction and packaging industries is projected to play a vital role in strengthening the market.”

Competitive Analysis

Eminent players in the global ethylbenzene market include IHS Inc., International Finance Corporation, 3E Company, CMO Software, and Enablon North America Corporation, among others. In addition, the vendors are likely to leverage upgradation and product differentiation to gain an edge over other competitors in the market.

Leading Companies Profiled in the Ethylbenzene Market are

IHS Inc.,
International Finance Corporation,
3E Company,
CMO Software,
Enablon North America Corporation

Recent key developments among players include:

In April 2021, – Honeywell announced a new refinery configuration developed by Honeywell UOP to produce a cleaner-burning gasoline product that meets increasingly stringent fuel regulations, including the Euro V standard, which limits sulfur content and restricts carbon emissions from gasoline and diesel vehicles.
In May 2021– INEOS Styrolution, the global leader in styrenics, celebrates 90 years of polystyrene, a material that has significantly contributed to societal well-being for almost a century. Polystyrene became one of the first commercially available polymers enabling a wide range of products that enhance our daily lives. Polystyrene is made for recycling, making it the material of choice for the future.

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More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global ethylbenzene market presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032. The study reveals essential insights on the basis of Application by End-user industry & Region (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America)

Key Segments Covered in the Ethylbenzene Industry Survey

By Application:

Ethylbenzene for Gasoline
Ethylbenzene for Diethylbenzene
Ethylbenzene for Natural Gas
Ethylbenzene for Paint
Ethylbenzene for Asphalt and Naphtha

By End User Industry:

Packaging
Electronics
Construction
Automotive
Agriculture
others.

By Region:

North America
Europe
Asia-Pacific
Middle East & Africa
Latin America

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

Breather Bags Market Poised to Reach US$ 946.2 Million by 2032: Future Market Insights Report

According to the latest insights from Future Market Insights (FMI), the global breather bags market is set to achieve a significant milestone, with a projected market value of US$ 570 million by the end of 2022. Over the forecast period spanning 2022 to 2032, the breather bags market is anticipated to register a steady CAGR of 5.2%, culminating in a market valuation of US$ 946.2 million by the end of the assessment period.

Innovative Packaging Solutions Catering to Diverse Industry Needs

Technological advancements in the packaging industry have paved the way for innovative packaging solutions tailored to meet the evolving needs of various industries. Among these solutions, breather bags have emerged as a specialized packaging product designed to address specific requirements across different sectors.

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Understanding Breather Bags: A Revolutionary Packaging Solution

Breather bags serve a crucial role in the transportation of aquatic livestock, facilitating the safe and efficient movement of live fish, shrimp, snails, aquatic plants, and other organisms requiring oxygen exchange. Developed with durability and functionality in mind, breather bags offer a range of benefits to buyers across diverse applications.

Key Objectives and Features of Breather Bags

Standardized and Customized Sizes: Breather bags are available in standardized sizes while also offering options for tailor-made or custom designs to meet specific requirements.
Oxygen Exchange: Designed for optimal oxygen exchange, breather bags ensure the well-being and safety of transported aquatic organisms.
Sealing and Transparency: High toughness and transparency characterize breather bags, offering both durability and visibility during transportation.
Material and Color: Typically constructed from transparent plastic materials, breather bags prioritize material quality and clarity to facilitate visual inspection of contents.

Future Growth Opportunities in the Breather Bags:

Customization and Personalization: Offering customizable and personalized breather bags to meet the diverse needs of consumers can drive growth. Tailoring products to specific requirements enhances customer satisfaction and creates a competitive edge in the market.
Expansion into Emerging Markets: Exploring and expanding into emerging markets with rising demand for breather bags, such as Asia-Pacific and Latin America, presents significant growth opportunities. Capitalizing on these regions’ growing industrial sectors can bolster market presence and revenue streams.
Technological Advancements: Investing in research and development to incorporate advanced technologies like IoT sensors for real-time monitoring, RFID tracking, and smart packaging solutions can enhance product efficiency, safety, and reliability. Embracing innovation drives market differentiation and attracts tech-savvy consumers.
Sustainability Initiatives: Aligning with sustainability initiatives by developing eco-friendly breather bags made from biodegradable materials or implementing recycling programs can appeal to environmentally conscious consumers. Adopting sustainable practices not only mitigates environmental impact but also enhances brand reputation and consumer loyalty.
Strategic Partnerships and Collaborations: Forming strategic partnerships with key stakeholders such as suppliers, distributors, and logistics providers can streamline the supply chain, reduce operational costs, and expand market reach. Collaborating with industry players enables access to new markets, expertise, and resources, fostering mutual growth and success.

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FMI Research Highlights Potential for Growth and Innovation

FMI research underscores the significant potential of breather bags in enhancing transportation outcomes across diverse sectors. As industries continue to prioritize safety, efficiency, and sustainability in packaging solutions, breather bags emerge as a reliable and effective option meeting these objectives.

Trends in the Breather Bags Industry

Rising Demand for Food Packaging: The growing demand for packaged food products, driven by changing consumer lifestyles and dietary habits, fuels the need for reliable and efficient breather bags for food packaging applications. As consumers prioritize convenience and freshness, the demand for innovative packaging solutions continues to rise.
Focus on Product Safety and Quality: Heightened awareness regarding product safety and quality standards prompts manufacturers to prioritize the development of breather bags with enhanced barrier properties, ensuring the preservation of product integrity and freshness throughout the supply chain. Compliance with regulatory requirements and industry standards remains a key focus area.
E-commerce Expansion: The proliferation of e-commerce platforms and online retail channels accelerates the adoption of breather bags for packaging various products, including electronics, pharmaceuticals, and personal care items. The shift towards online shopping underscores the importance of durable and protective packaging solutions to safeguard goods during transit.
Integration of Smart Technologies: The integration of smart technologies such as temperature and humidity sensors, RFID tags, and QR codes into breather bags enables real-time monitoring, traceability, and authentication of products. Smart packaging solutions enhance supply chain visibility, improve inventory management, and mitigate the risk of counterfeiting.
Focus on Sustainable Packaging Practices: Increasing consumer awareness regarding environmental sustainability drives the adoption of sustainable packaging practices within the breather bags market. Manufacturers are embracing recyclable materials, bio-based polymers, and eco-friendly manufacturing processes to minimize environmental impact and meet consumer preferences for green packaging solutions.

Key Players:

Some of the key players are Bemis Company Inc., Custom Service Laboratories of NJ Inc., Specialty Plastic Fabricators, Amcor Flexibles Inc., BFM Global Ltd, Kordon LLC, KNF Corporation, Fisher Container Corp., Nolato Torekov AB and Precision Dippings Manufacturers Ltd.

The report offers an accurate evaluation of the market through detailed qualitative insights and verifiable projections about market size. The projections presented in the report have been derived using proven research methodologies and assumptions.

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Market Segmentation:

Based on applications,

pharmaceuticals
medical devices
aquatic livestock
hospital sterilization
cleaning units
sterilized supplies
surgical packs
anesthesia machines

Based on product type,

disposable breather bags
reusable breather bags

Based on material,

high-density polyethylene (HDPE)
polypropylene (PP)
vinyl
tyvek
latex
polyester
vegetable produce

Author:

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.

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

Global Barium Carbonate (CAS 513-77-9 | 101714) Market Set to Surge to US$ 1,118.2 Million by 2032, Fueled by Construction Industry’s Appetite for Blocks, Bricks, and Tiles

The global barium carbonate industry is projected to expand at a firm 4.8% CAGR during the forecast period between 2022 and 2032 finds Future Market Insights (FMI) in a recent market analysis. Barium carbonate is an inorganic compound, which is usually white in color and insoluble in water.

For Industrial usage, it is manufactured from barium sulfide with the treatment of sodium carbonate, although it occurs naturally and is known as Witherite. It is one of the most important compounds of Barium. Barium carbonate plays a vital role across diverse end-use industries such as construction, ceramics, electronics & others.

In the manufacturing of tiles, bricks, and blocks it is used which is further utilized in the building & construction industry. The growing construction & building industry is expected to favor the growth of the barium carbonate market. To prevent scumming in tiles & bricks, barium carbonate is used.

These tiles & bricks are extensively used in the construction industry hence growing construction activities are expected to increase the demand for barium carbonate. Apart from this, the electronics & ceramics industry also uses barium carbonate up to a certain extent. It is used in television glass, special glass, magnets, electrodes, enamels, and others.

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“Over the assessment period, sales of barium carbonate are expected to be driven by the growing construction & ceramics industry across the globe followed by demand from the oil & gas and electronics industries,”says an FMI analyst.

Key Takeaways:

The bricks & tiles segment is projected to hold approximately 34% of the total market share in 2022.
The construction segment is anticipated to grow at 5.1% CAGR through 2032.
East Asia will emerge as an attractive barium carbonate market and is expected to create an incremental dollar opportunity of US$ 365.2 Million in the forecast period.
The ceramics segment will emerge as the leading end-user and is expected to reach about US$ 317.0 Million by the end of the forecast period.

Competitive Landscape

Key market participants of the barium carbonate market elaborated in the report include

Sakai Chemical Industry Co., Ltd.
Shaanxi Ankang Jianghua Group Co., Ltd
Chemical Products Corporation
Honeywell International Inc.
Nippon Chemical Industrial Co., Ltd
Ag Chemi Group
Kandelium
Hubei Jingshan Chutian Barium Salt Corporation Ltd.
Hebei Xinji Chemical Group Co. Ltd.
Zaozhuang Yongli Chemicals Co., Ltd
Guizhou Red Star Development Import And Export Co. Ltd.

Market players are strengthening their footprint by expanding their production capacity. Barium carbonate is in high demand in a variety of end-use industries including construction, ceramics, and others. Considering this, a few companies have acquired other players to broaden their reach. This will aid in the expansion of their product portfolio and global footprint.

For Instance:

In November 2020, Latour Capital and Solvay entered into an agreement where Latour acquired Solvay’s barium & strontium, and sodium percarbonate business conducted by Solvay’s German, Spanish & Mexican Subsidiaries and Divisions. This acquisition will help Latour to accelerate its growth. This step is taken by Solvay to streamline its product portfolio and align with its G.R.O.W. strategy.

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More Insights into the Global Barium Carbonate Market Report

In its latest report, FMI offers an unbiased analysis of the Global Barium Carbonate market, providing historical data for the period of 2017-2021 and forecast statistics for the period of 2022-2032.

To understand the global market potential, growth, and scope, the market is segmented based on product form, application, end-use industry & region ( North America, Latin America, Europe, East Asia, South Asia & Pacific, and Middle East & Africa).

Barium Carbonate Market By Category

By Product Form:

Granular
Powder
Ultra-Fine

By Application:

Bricks & Tiles
Specialty Glass
Glazes
Enamel
Electro Ceramic
Others

By End-Use Industry:

Construction
Ceramics
Oil & Gas
Electronics
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 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

Mattress and Furniture Bags Market Projected to Reach US$ 232.95 Billion by 2032, Driven by Innovations in Sleep Technology

The global mattress and furniture bags market, valued at US$ 150 billion in 2022, is set to exhibit a robust growth trajectory, with a projected CAGR of 4.5% from 2022 to 2032. By 2032, the market is anticipated to soar to a valuation of US$ 232.95 billion.

Redefining Comfort and Innovation in Sleep Solutions

In today’s fast-paced world, where stress and mental burdens weigh heavily on individuals, the significance of quality sleep cannot be overstated. Sleep has evolved from a mere necessity to a vital aspect of rejuvenation and well-being. Recognizing this paradigm shift, key players in the sleeping industry are spearheading innovations to revolutionize the mattress and furniture bags market.

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Innovative Trends Reshaping the Mattress Industry

Traditionally, the mattress and furniture bags market witnessed a major transformation with the introduction of memory foam mattresses and adjustable beds. However, recent innovations have pushed the boundaries further, focusing on enhancing comfort and support for consumers.

One notable innovation gaining traction is the utilization of hyperelastic polymer grids. These advanced grids stretch to support areas where pressure accumulates, allowing mattresses to conform to the body’s unique shape. This breakthrough technology marks a significant leap forward in sleep solutions, offering unparalleled comfort and personalized support to users.

Strategic Shifts in Product Development

While branding and minor modifications characterized the mattress industry for some time, manufacturers have shifted gears to prioritize innovation and user-centric design. By leveraging cutting-edge materials and technology, industry leaders aim to redefine the sleep experience, catering to the evolving needs and preferences of consumers worldwide.

Future Growth Opportunities:

Eco-Friendly Materials: As sustainability becomes a growing concern, offering mattress and furniture bags made from eco-friendly materials such as recycled plastics or biodegradable fabrics can attract environmentally conscious consumers.
Customization and Personalization: Introducing customizable options for mattress and furniture bags, such as size variations, color choices, and branding options, can cater to diverse customer preferences and enhance brand loyalty.
Expansion into E-Commerce: With the increasing popularity of online shopping, expanding into the e-commerce sector by developing user-friendly websites, partnering with online retailers, and optimizing digital marketing strategies can tap into a broader customer base and drive sales growth.
Innovative Design Features: Investing in research and development to incorporate innovative design features like moisture resistance, anti-microbial properties, and enhanced durability can differentiate products in the market and appeal to customers seeking high-performance solutions.
Diversification of Product Line: Expanding product offerings beyond traditional mattress and furniture bags to include related accessories such as storage solutions, protective covers, and travel bags can capitalize on complementary market segments and drive revenue diversification.

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Trends in the Mattress and Furniture Bags Industry:

Rise in Online Purchases: With the convenience of online shopping, there is a significant trend towards purchasing mattresses and furniture online, leading to increased demand for protective packaging solutions like mattress and furniture bags.
Focus on Hygiene and Cleanliness: The ongoing global health crisis has heightened consumer awareness regarding hygiene and cleanliness. As a result, there is a growing demand for mattress and furniture bags with antimicrobial properties that offer protection against germs and allergens.
Shift Towards Sustainable Solutions: Consumers are increasingly prioritizing environmentally sustainable products. The market is witnessing a trend towards eco-friendly mattress and furniture bags made from recyclable or biodegradable materials, reflecting a growing concern for environmental conservation.
Technological Advancements in Material Science: Innovations in material science have led to the development of advanced fabrics and polymers with improved strength, flexibility, and protective properties. Manufacturers are leveraging these advancements to create high-performance mattress and furniture bags that offer superior durability and protection.
Customization and Branding Opportunities: Brands are recognizing the importance of customization and branding to stand out in a competitive market. Offering customizable options such as personalized logos, colors, and sizes on mattress and furniture bags allows companies to strengthen brand identity and enhance customer loyalty.

Key Players

Some of the players in the global mattress and furniture bags market are – Britwrap protective packaging store, U-Haul International, Inc., FOUR STAR PLASTICS, Duo Plastics Limited, International Plastics Inc. etc.

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Market Segmentation :

Based on packaging type:

Zipped
Unzipped

Based on Raw Material:

Plastic
Others

Based on End Use:

Residential
Institutional
Industrial
Commercial

Based on Size:

Single/Twin size (75” x 39”)
Full size (74” x 44”)
Queen size (60” x 80”)
King size (76” x 80”)
California King size (72” x 84”)
Customized

Based on thickness:

Standard (1 – 2 mil)
Tough ( > 3 mil)

For furniture:

Based on size:

Standard furniture size
Customized

Based on application:

For Sofa
For Chair
Others

Based on thickness:

1 mil
2 mil
3 mil and above

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 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

Global Polymerization Initiators Market Projected Valuation of US$ 2.1 Billion by 2032: New Report Unveils Surge in Demand Amidst Booming Plastic Production

The global polymerization initiators industry is projected to reach a valuation of US$ 1.3 Billion in 2022, with sales growing at a 4.9% CAGR during the forecast period. Against this backdrop, the polymerization initiators market size will reach US$ 2.1 Billion by 2032.

Polymerization initiators are chemical substances that react with a monomer to form an intermediate which can link with many other monomers sequentially to form a polymeric compound. The substantial production volume of plastics all over the globe is fueling the demand for initiators.

Although peroxide is in high demand, sales of persulfate are expected to gain traction during the forecast period owing to its extensive usage in the manufacturing of polymers. The quantity and type of initiators are determined by the type of monomers and the applications in which they will be used.

These initiators are used in radical polymerization to control heat or light initiation. Polyethylene, polypropylene, and PVC are common plastics used in a variety of end-use industries. The growth in the initiators market will be aided by increasing demand for these plastics.

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As per FMI, East Asia is expected to dominate the global polymerization initiators market over the forecast period due to the extensive usage of polymerization initiators in the manufacturing sector in China. The polymerization initiators market in East Asia is projected to top US$ 759.6 Million by 2032.

“Increasing usage of polymerization initiators in the healthcare sector for the formulation of drugs such as benzoyl peroxide, along with surging demand for plastics such as polyethylene, polypropylene, PVC will augment the growth in the market,” says and FMI analyst.

Key Takeaways:

Based on type, the peroxide segment is projected to hold approximately 44% of the total market share in 2022.
In terms of applications, total demand in the polyethylene segment is forecast to reach US$ 610.3 Mn by 2032.
The azo compounds segment is anticipated to grow at a 5% CAGR through 2032.
India is expected to lead the South Asia polymerization initiators market due to increasing utilization in the healthcare and automotive sectors.
China is expected to account for 77% of the East Asia polymerization initiators market share in 2022.
East Asia will emerge as an attractive market, creating an incremental dollar opportunity of US$ 308.2 Mn during the forecast period.

Competitive Landscape

Key market participants of the polymerization initiators market elaborated in the report include

Arkema
United Initiators
Nouryon
LANXESS
Adeka Corporation
Fujifilm Wako Pure Chemicals Corporation
Chemorous
Otsuka Chemical Co Ltd
PAT Impex India
Jinan Qinmu Fine Chemical Co., Ltd.

Key market players are investing in mergers and acquisitions to expand their production strategies and improve sales.

For instance:

In 2019, United Initiators announced that its Sodium Persulfate plant would be operational with commercial sales in Huaibei, China. This expansion will help in serving the client base of China & Rest of Asia Pacific in the coming years.

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More Insights into the Global Polymerization Initiators Market Report

In its latest report, FMI offers an unbiased analysis of the global polymerization initiators market, providing historical data for the period of 2017-2021 and forecast statistics for the period of 2022-2032. To understand the global market potential, growth, and scope, the market is segmented based on type, application & by region ( North America, Latin America, Europe, East Asia, South Asia & Pacific, and Middle East & Africa).

Polymerization Initiators Market by Category

By Type:

Peroxide
Persulfate
Azo Compounds
Others

By Application:

Polyethylene
Polypropylene
PVC
Polystyrene
ABS
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 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

Global Helium Gas (CAS number: 7440-59-7) Market Projections Show a Remarkable Valuation of US$ 4.6 Billion by 2032, Fueled by Surging Demand Across Automotive, Electronics, and Metal Fabrication Industries

The global helium gas (CAS number: 7440-59-7) industry size is projected to reach a valuation of US$ 2.8 Billion in 2022. With demand growing at a 5.1% CAGR, the market size will reach US$ 4.6 Billion by 2032. Helium has been extensively used in the healthcare sector for various applications in recent days. Helium gas has physical and chemical characteristics such as high thermal conductivity, low solubility, and low density, which makes it an ideal element for many applications in the healthcare sector.

Helium Ion Microscopy is a recently discovered application in pulmonary MRI radiology and imaging of organs, which is expected to create opportunities for growth for helium gas manufacturers.

Along with this, helium gas is biologically inert and its neuroprotective capabilities make it effective for adjunct therapy in many respiratory diseases such as asthma exacerbation, ARDS, COPD, bronchiolitis, and croup.

It is used to cool the coil of wire and to drop the resistance of wire close to zero in Magnetic Resonant Imaging (MRI) machines. There are many coils of wire which conduct electricity and generate a strong magnetic field in MRI machines.

In addition to this, the consumption of helium gas in the metal fabrication and electronics industry is rising. In the metal fabrication industry, helium gas is used to increase the heat input in the process, which increases the productivity and the protection of the welding bath.

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It is suitable for all types of welding such as TIG, MIG, MAG, plasma, and Laser. Increasing demand for metal fabrication products across various industries such as automotive, aerospace, defense, and manufacturing is anticipated to bolster the growth in the helium gas market.

Moreover, helium gas consumption is also increasing in the electronic industry. It has several properties that it makes effective to be used in semiconductor manufacturing. A semiconductor is an important component in an electronic device. It is extensively used in radio, television, cars, air conditioners, computers, mobile phones other electronic products which is expected to propel demand for helium gas in the forthcoming years.

“Increasing applications of helium gas in GPS systems, along with growing usage in nuclear plants and other electronic applications will fuel the growth in the market over the forecast period,” says an FMI analyst.

Key Takeaways in Helium Gas Market:

Based on applications, demand for helium gas in the electronics segment is slated to reach a valuation of US$ 404 Million by 2032.
In terms of supply mode, sales in the cylinders segment are expected to remain high through 2032.
The US will continue dominating the North America helium gas market, with total sales reaching a valuation of US$ 816 Million by 2032.
China will emerge as a lucrative pocket, with total demand for helium gas reaching US$ 1.1 Billion by 2032.

Competitive Landscape in Helium Gas Market

Some of the key manufacturers of helium gas profiled by FMI

Air Liquide
Linde PLC
Matheson Tri Gas Inc
Air Products and Chemical Inc.
Air Gas INC.
The Messer Group GMBH
Cryoin Engineering Ltd.
Chengdu Taiyu Industrial Gases Co. Ltd.
Paradox
Grand Gulf Energy

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More Insights into the Helium Gas Market Report

In its latest report, FMI offers an unbiased analysis of the global Helium Gas market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022-to 2032. To understand the global market potential, its growth, and scope, the market is segmented based on Supply Mode, Application, and Region.

Helium Gas Market by Category

By Supply Mode:

Cylinders
Bulk and Micro tanks
Drum tank
On-site

By Application:

Healthcare
Manufacturing
Electronics
Leak Detection
Fibre Optics
Lifting Gas
Heat Transfer
Breathing Mixtures

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