Market Research Blog – Page 3630 – New Product Development

Green Solutions: Eco-Friendly Practices in Paper Cup Machine Production

As per the most recent research findings, the paper cup machine sector is anticipated to exhibit a robust Compound Annual Growth Rate (CAGR) of 8.4% throughout the forecasted period. A noteworthy driver underpinning this growth trajectory is the global emphasis on sustainability, which has led to an increased adoption of paper cup machines as an eco-friendly packaging solution.

A paper cup machine is a piece of equipment used in the manufacturing process of paper cups. It is designed to efficiently and precisely produce paper cups of various sizes and shapes. Typically, a paper cup machine consists of several components such as a paper roll stand, paper feeding mechanism, forming station, sealing station, and cutting station.

Paper cup machines are specialized machines used for the automated production of paper cups, which are commonly used for serving beverages like coffee, tea, soft drinks, and more. These machines facilitate the manufacturing process by shaping, cutting, and gluing paperboard or paper stock into cups.

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Key Players:

Paper Machinery Corporation
Sahil Graphics
QingHua
Hörauf America LLC
JP Industries
Rheinpapercup Gmbh
A-Pac
Daba Machinery
Ruian Mingbo Machinery Co., Ltd.
Hariram Machinery
Others.

Key components and processes:

Paper Feeding: The machine starts by feeding a roll of paperboard or paper stock into the system. The paper used for making cups is typically coated with a thin layer of polyethylene (PE) to provide waterproofing and heat-sealing properties.
Printing and Die Cutting: In some machines, the paper stock may undergo printing to add branding, logos, or designs to the cups. After printing (if applicable), the paper is die-cut into individual cup blanks of the desired size and shape.
Forming and Shaping: The cup blanks are then fed into molds or forming stations, where they are shaped into the characteristic cylindrical form of a paper cup. The forming process may involve heating and pressing the paper blanks to achieve the desired cup shape.
Bottom Sealing: Once formed, the bottom of the paper cups is sealed using heat or pressure to create a secure and leak-proof base. This step may also involve embossing or printing the bottom of the cups with product information or branding.
Side Sealing and Curling: In some machines, additional sealing and curling operations are performed to finish the top edge of the paper cups, creating a smooth rim for comfortable drinking and preventing leaks.
Quality Control and Inspection: Throughout the production process, paper cup machines may incorporate sensors, cameras, or other inspection mechanisms to ensure the quality and integrity of the cups, detecting any defects or irregularities.

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Segmentation:

Based on Automation:

Semi-Automatic
Fully automatic
Manual

Based on Paper Grade:

5000 cups/ hr
3000 cups/hr
1000 cups/hr
500 pieces/hr

Based on Cup Size:

100-200 ml,
200-300 ml
40ml -330ml
Others

Based on the Region:

North America
- U.S. and Canada
Latin America
- Mexico, Brazil, Peru, Chile, and others
Western Europe
- Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg
Eastern Europe
- Poland and Russia
Asia Pacific
- China, India, Japan, ASEAN, Australia, and New Zealand
The Middle East and Africa
- GCC, Southern Africa, and North Africa

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X-by-Wire Market Size Expected to Reach US$ 81 Billion by 2027

According to Future Market Insights’ (FMI) projection, the worldwide X-by-wire market size would expand at a CAGR of 16.0% in value during the forecast period. The value of the global X-by-Wire market is anticipated to be US$ 39 Billion in 2022 and US$ 81 Billion by the end of 2027.

The global x-by-wire is in the growing stage and is expected to show potential growth signs by the end of 2027. The demand for x-by-wire systems is increasing with every passing day as their installation is increasing in the military vehicles as well as construction equipment. Automotive companies are also focusing on installing x-by-wire systems in economy cars as well. Electric and hybrid vehicles manufacturers, on the other hand, are looking forward to adopt brake-by-wire in the vehicles, thus making it a feasible option for the consumers.

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Rising Demand for Automotive Components to Trigger Adoption of X-by-Wire

The global automotive components market is expected to rise at a healthy rate over the forecast period owing to the substantial rise in the global demand for light vehicles. As a result of this, the sales of x-by-wire is expected to increase by almost 40%. Furthermore, the sales are supported by the stable demand arising from Asia Pacific and Europe.

The sales are likely to constant in developing regions but slower growth is likely to be witnessed in emerging markets, especially China. Along with the luxury and premium vehicles sector; mid-sized and economical cars are also featuring advanced systems in their vehicle models in order to remain competitive in the market. These factors are expected to fuel growth of the x-by-wire technologies such as throttle-by-wire, shift-by-wire and brake-by-wire. The global automotive production rate is expected to have a high impact on the x-by wire market.

The passenger cars sector, in particular, is anticipated to witness high growth over the forecast period. It has been projected that there will be a rather sound automotive production rate in developed economies such as Europe and the U.S. with the key emphasis being on sedan and luxury car sectors owing to changing consumer preference and lifestyle.

Asia Pacific Excluding Japan to Emerge as a Leading Region in Terms of Number of Deployments

The market for x-by-wire in APAC is expected to witness a volume CAGR of 16.3% from 2017 and 2027 owing to the high penetration of automotive in the region. China is on the forefront at present and is expected to stay the same by the end of the forecast period. In spite of an unstable economy in the last couple of years, the automotive industry has performed quite well, thus increasing the sales of automotive, both passenger and commercial in the region.

In addition, the production of automotive is anticipated to be comparatively high in the developing regions as compared to the developed ones. Factors such as shifting customer preferences towards luxury vehicles, developing infrastructure, as well as rising disposable income of consumers in the region are likely to support the automotive industry in the region, thus supplementing the sales of x-by-wire in return.

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Partnerships to be the Core Strategy of Key Market Players

Strategic partnerships of auto component manufacturers with technology providers is likely to be the core focus of companies.

The companies operating in the x-by-wire market are Continental AG, Kongsberg Automotive, Curtiss-Wright Corporation, ZF Friedrichshafen AG, Nissan Motor Co., Ltd., Robert Bosch GmbH, SKF AB, Denso Corporation, and Ficosa International SA, among others.

Global X-by-wire market by Category

Technology

Throttle-by-wire
Shift-by-wire
Park-by-wire
Brake-by-wire
Suspension-by-wire

Engine Type

Passenger Car
Commercial Vehicle

Region

North America
Latin America
APEJ
Western Europe
Eastern Europe
MEA
Japan

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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Compact Utility Vehicles Market Size Set to Reach US$ 58.9 Billion by 2033

Future Market Insights has mentioned in its reports that the Compact Utility Vehicles Market Size is predicted to expand at a CAGR of 5.5% between 2023 and 2033, totalling around US$ 58.9 billion by 2033.

In recent years, the compact utility vehicle market has grown significantly. This growth is projected to maintain over the following years owing to the expanding use of compact utility vehicles in the existence of big off-road vehicles across the world. These vehicles are employed across various industries such as landscaping, construction, and others as well. Taking this into account, the growing number of construction and civic utility activities is projected to create opportunities for application, thereby encouraging development over the years ahead.

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Future Market Insights (FMI), an ESOMAR-certified market research and consulting firm, offers insights into key factors driving consumer interest in compact utility vehicles in its new study. The publication tracks global compact utility vehicle sales in 20+ high-growth markets, as well as the impact of Covid-19 on the energy sector in general, and compact utility vehicles in specific.

Key Takeaways:

The global market was worth $32.7 million in 2022, with a 4% CAGR.
The German compact utility vehicle market is expected to grow significantly, with a 4.5% growth rate from 2023 to 2033.
India is forecast to grow with a CAGR of 4% during 2023 to 2033.
The skid steer loader segment is expected to grow at a CAGR of 2% from 2023 to 2033.
Which Power25-50 compact utility vehicles segment accounts for over 85% share of the market and is projected to continue to expand at 3% CAGR during the coming decades.

“Compact utility vehicles are commonly used in the construction industry for a variety of tasks such as drilling, digging, fracturing, demolition, gripping, and so on. Because of their small size, they can be used when there are no obstacles on the current project. In addition, compact utility vehicles use less fuel than larger off-road vehicles, which is one of the most advanced features of compact utility vehicles.” sayas FMI analyst.

Competitive Landscape

Zeekr, a luxurious electric brand controlled by China’s Geely Holding Group, unveiled its newest compact sports utility vehicle (SUV) called the Zeekr X in April 2023, with costs that vary from 189,800 yuan ($27,615) to 209,800 yuan ($30,517).
Renault Korea Motors’ small sport utility vehicle, XM3, is surpassing other car firms’ corresponding frameworks amid enhancing rivalry in the domestic market, the declared in April 2023.
In April 2023, Citroen India unveiled the Citroen C3 Aircross SUV in April 2023, a sports utility car created and constructed in India. The SUV vehicle are likely to be offered for sale in India by the end of 2023 and will eventually come with five seats and seven alternatives of seating.

Some of the leading companies operating in the market are

Kubota Corporation
Komatsu Ltd.
Hitachi Construction Machinery Co. Ltd.
Doosan Bobcat
Hyundai Construction Equipment Co., Ltd.
CNH Industrial America LLC
YANMAR HOLDINGS CO., LTD.
Mitsubishi Logisnext Co., Ltd.
Volvo Construction Equipment
Caterpillar

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Compact Utility Vehicles Market Key Segments

By Vehicle Type:

Skid Steer Loaders
Excavators
Detachable Accessory Based Vehicles
- Power Auger
- Hydraulic Breaker
- Diggers
- Dumpers
- Others

By Platform:

Tracked
- Wide
- Narrow
Wheeled

By Operation Type:

Diesel
Electric

By Rated Power:

20 to 25 HP
25 to 50 HP

By Applications:

Construction
Gardening & Landscaping
Civic Utilities
Industrial

By Sales Channel:

Direct End User
Rental

By Region:

North America
Latin America
Europe
East Asia
South Asia & Pacific

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Future Outlook: Surge in Automotive Seating Market to US$ 73,960.9 Million by 2032

The global automotive seating market is expected to surge at a stagnant CAGR of around 3.40% during the forecast period from 2022 to 2032. The growth in the market is expected to reach a valuation of US$ 52,941.6 Million in 2022 and is anticipated to surge by an estimation of around US$ 73,960.9 Million by 2032.

The most recent model developments are discussed in the automotive seating industry in order to provide the driver and passenger with greater comfort. Over time, seating has evolved from basic seating systems to intricate works of art that help manufacturers and customers meet their needs. With the aid of automotive seating components, manufacturers have begun creating novel layouts that will modify seating systems more than conventional seating systems currently do.

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It has been predicted that the Asia Pacific region’s market development rate will accelerate. because businesses are aggressively establishing bases in emerging markets like China and India to benefit from the low labour expenses there. Due to the luxurious adjustments that are constantly being incorporated into seating systems to ensure that customers have a relaxing experience while travelling, the adoption of advanced automotive seats is on the rise. As a result, it is expected that the automotive seating market will experience a steady yet slow growth over the course of the forecast period.

Key Takeaways

Since bigger cars have doubled the proportion of SUVs, there has been a significant shift in customer preferences over the past few years. They come in a variety of seat configurations, such as bucket chairs and bench or bucket seats in the second row (may or may not be split). Due to technological advancements, full-size SUV seats are completely powered, heated, and ventilated and have the option of leather upholstery. As a result, the market for automotive seating is being driven by increasing SUV purchases.
Governments all over the world have been seen to actively participate in and play a role in paving the way for foreign direct investments that support the automotive seating industry. The aforementioned factors will likely cause the global automotive seating market to expand in the future years.
Customers’ propensity for opulent sitting systems has recently been noticed by Future Market Insights. Manufacturers are making an effort to develop luxurious goods while putting a strong emphasis on safety issues.
The development of advanced driver assistance technologies is receiving more attention from the car industry, with the main goal being the creation and introduction of a completely automated driving experience. Consumer preference for mobility-on-demand services has risen noticeably, opening up profitable possibilities in the automotive seating market.
The longevity of seats will be a crucial factor to take into account with a rising desire for care sharing. Nowadays, multiple commuters use the same vehicle at the same time, making privacy a crucial factor that is driving manufacturers to innovate and acquire compelling goods for end users.

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Competitive Landscape

The prominent market players are making continuous innovations and indulging in several mergers and acquisitions in order to curate convenient seating solutions for the end-users. They are possessing compelling products that efficiently abide by consumer preference for further increasing demand in the global automotive seating market.

Key companies proliferating in the automotive seating market are:

Fisher and Company, RECARO Automotive, Faurecia, Grammar Seating Systems, Johnson Controls, TM Automotive Seating Systems Private Limited, Lear Corporation, Tata Autocomp Systems Limited, Toyota Boshoku Corporation, Marter Automotive Seating Systems, TS Tech Corporation Ltd.

Key Segments In The Automotive Seating Market

By Seat Type:

Split seat
Bench seat
Split Bench seat

By Vehicle Type:

PCV (Passenger Commercial Vehicles)
LCV (Light Commercial Vehicles)
HCV (Heavy Commercial Vehicles)

By Distribution Channel:

OEM
Aftermarket

Author

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)

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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Potassium Chloride Market Set to Soar: Predicted Surge to US$ 18,102.7 Million by 2033 Fueled by Expanding Agricultural and Food Processing Applications

Potassium chloride, also known as potassium salt or sylvite, comes across as a metal halide containing potassium and chlorine. The global potassium chloride market is worth US$ 13,084.0 million as of now and is expected to reach US$ 18,102.7 million by the year 2033 at a CAGR of 3.3% between 2023 and 2033.

Apart from being odorless and colorless, it is easily soluble in water and does have a salt-like taste. The end-user applications include medicines, fertilizers, food processing, and likewise. The other area of application includes ‘de-icing’, which is safer for animals and plants.

Potassium chloride is the basic raw material used in the form of feedstock for several potassium compounds in soldering, welding, and casting. It’s another application is that of a coagulant in the treatment of drinking water for removing impurities.

It finds its presence as a softener in the textile industry as well. In the kitchens, it could be used as a substitute for salt. Plus, rising demand for fertilizers is expected to take the potassium chloride market by storm in the near future.

Potassium chloride is used as a source of potassium ions that are necessary for several physiological processes like maintenance of balance between electrolytes and fluids and transmission of nerve impulses.

Electrolyte replacement solutions could be used for treating conditions such as dehydration, thereby replenishing levels of potassium in the body. It’s used to administer high blood pressure medications and it’s used in conjunction with other drugs for treating hypertension.

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Coming to heart-related medications, it’s used for regulating heart rhythm and preventing complications. It’s also used in muscle relaxants to relieve muscle cramps and spasms. The extended uses include intravenous solutions, capsules, oral tablets, and extended-release formulations.

As a fertilizer, potassium chloride helps in regulating plant CO₂intake, photosynthesis, water retention, enhancing resistance to diseases and pests, and water uptake through roots. It also needs to be noted that agricultural-grade potassium chloride’s purity lies between 95% to 99%.

At the same time, the fact that potassium chloride does involve extracting minerals from salt mines could not be ignored. This could result in environmental degradation and restrain the potassium chloride market in the long run.

Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Potassium Chloride Market’. It has its team of analysts and consultants to execute using a bottom-up approach along its macros and micros.

“With healthcare, glass, metal, and petroleum sectors asking for potassium chloride, the global potassium chloride market is expected to grow inadvertently in the forecast period”, says an analyst from Future Market Insights.

Key Takeaways from the Potassium Chloride Market

North America holds the largest market share on the back of the US witnessing an excessive demand for potassium chloride in the pharmaceuticals vertical.
Europe, the Asia-Pacific, and MEA are expected to follow suit on similar lines in the potassium chloride market going forward.

Competitive Analysis

Chemtrade, in November 2021, did announce that it completed sales of its specialty chemical business with Vertellus for close to US$ 155 Million, wherein the former did sell its KCl (potassium chloride), caustic pellets, and vaccine adjuvants business to the latter.
Veolia Water Technology, in July 2020, announced that the company would be expanding its Jordan potash fertilizer plant crystallization capacity. Veolia does supply processing facility for extracting premium potash fertilizer from the brines of the Dead Sea.
Verkhnekamsk, in December 2020, finished with skip graft sinking at the Talitsky Mine construction site.

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Key Companies Profiled

Nutrien Ltd.
The Mosiac Company
K+S KALI GmbH
Israel Chemicals Ltd
EuroChem
Uralkali
JSC Belaruskali
SQM S.A.
Intrepid Potash, Inc.
Arab Potash Company

Global Potassium Chloride Market by Category

By Grade:

Agricultural Grade
Chemical / Industrial Grade

By Crop:

Cereals
Oilseeds
Fiber and Sugar
Fruits & Vegetables

By Application:

Agriculture
De-icer
Water Softeners
Industrial

By Region:

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

What does the Report state?

The research study is based on grade (agricultural grade and chemical/industrial grade), by crop (oilseeds, cereals, sugar and fiber, and fruits & vegetables), and by application (de-icer, agriculture, water softeners, and industrial).
Being colorless (or occasionally white), potassium chloride proves to be an ideal choice for agriculture. This factor is expected to take the potassium chloride market by storm in the years to come.

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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Colloidal Silica Market Projected to Reach US$ 342.3 Million by 2030, Driven by Robust Adoption in Semiconductor Manufacturing and Beyond

With a favorable demand outlook, the market is projected to expand at a steady 3.9% CAGR, reaching US$ 342.3 Million by 2030. Sales in the global colloidal silica market size are slated to top US$ 252.0 Million in 2022.

Colloidal silica is finding immense use in the electronics & semiconductor industry, wherein, it plays a critical role in the production of ultra-flat, uniform, and low-detection surfaces for semiconductors. Moreover, colloidal silica is used as a rough surface remover and as a polishing additive. It is extensively used for electropolishing to remove microscopic layers of metal particles from surfaces. In addition, the growing electronics & semiconductor industry in South and East Asia is expected to drive the colloidal silica market over the decade ahead. Paints & coatings and paper & pulp industries are also expected to pave the way for market growth in the coming years.

A significant portion of the revenue of the colloidal silica market is realized from the electronics & semiconductors industry. However, this industry is likely to witness a decline in the near term due to the coronavirus (COVID-19) pandemic that is spreading across the world. The onset of the pandemic has resulted in travel bans and isolations, uncertainties in the stock market, and massive disruption of the supply chain. As such, the pandemic would adversely impact the global electronics & semiconductor industry, and, in turn, hamper the growth of the global colloidal silica market.

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“Colloidal silica is gaining prominence as a chemical excipient in the pharmaceutical sector for synthesizing tablets such as paracetamol and animal medicines. Players in the colloidal silica market targeting pharmaceutical applications will be better placed for outsized returns.”

Key Takeaways from Global Colloidal Silica Market Study

Acidic colloidal silica would remain sought-after, owing to its increasing application in electronics and semiconductors.
In terms of consumption, Europe and North America are prominent regions; countries such as Belgium, the US, the Netherlands, Spain, Germany, France, and Italy are prime consumers of colloidal silica.
The electronics & semiconductor industry would be the key revenue generator in the colloidal silica market, while the paints & coatings industry is offering growth avenues.
Top-line growth of the global chemical industry is expected to augur well for the colloidal silica market.
Colloidal silica is extensively used for investment casting as a slurry on base coatings such as zircon flour, and zircon sand, thus, offering further impetus to market growth over the coming years.

Competitive Landscape

Players such as

Akzo Nobel N.V (Nouryon Holding BV)
Merck KGaA
ADEKA Corporation
Allied High Tech Products, Inc.
Nissan Chemical Corporation
The Dow Chemical Company
Cabot Corporation
Evonik Industries AG
Fuso Chemical Co., Ltd.
W. R. Grace & Co.-Conn
NYACOL Nano Technologies Inc.
REMET, Ecolab Inc.
Chemiewerk Bad Köstritz GmbH
Guangdong Well-Silicasol Co., Ltd.
Qingdao Haiyang Chemical Co., Ltd.
Jinan Yinfeng Silicon Products Co., Ltd.
Sterling Chemicals
Makall Group

have invested strategically in the colloidal silica market in the recent past, suggesting that, major manufactures are keeping tabs on the market, as it holds a lot of potential in the coming years. In addition, manufacturers such as Nouryon Holding BV and Evonik Industries AG are strategically increasing their market footprint by expanding their customer base in other regions. R&D, coupled with the expansion of production capacity and footprint, remains the differentiating strategy followed by colloidal silica manufacturers to enhance productivity and capture new market opportunities.

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Colloidal Silica Market by Category

By Product Type:

Alkaline Colloidal Silica
Acidic Colloidal Silica
Modified Colloidal Silica
Ordinary Colloidal Silica

By Application:

Pulp & Paper
Metals & Metallurgy
Electronics & Semiconductors
Chemicals
Paints & Coatings
Building & Construction
Textiles & Fabrics

By Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
MEA

East Asia to Offer Lucrative Growth Opportunities

East Asia is anticipated to hold a prominent share in the global colloidal silica market, owing to flourishing electronics and semiconductor industries in the region. Manufacturers are focusing on developing products as per end-use applications. Colloidal silica is also significantly used in the production of water-based coatings. Manufactures are thus tapping this opportunity, given increasing preference to water-based solvents in the paints & coatings industry.

Looking for More Information?

The report on the colloidal silica market, published by Future Market Insights, brings to the fore a pin-point analysis of the market, and offers comprehensive information with historical demand data of 2015-2021 and forecast statistics for 2022-2030. The study offers insightful information on the global colloidal silica market based on various categories – product type and application, across seven regions. This study highlights key players who are well-known market vendors and have proven themselves as key shareholders in the global colloidal silica market.

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

Sulphur Hexafluoride Market Propels Towards US$ 487.93 Million Valuation by 2033, Fueled by Rising Electronics Demand and Expanding HVDC Transmission Adoption Worldwide

The global sulphur hexafluoride market is projected to amass a revenue of US$ 487.93 million by 2033 as opposed to US$ 288.37 million in 2023. The market is set to expand at a CAGR of 5.4% from 2023 to 2033. Escalating demand for electronic devices and electricity, as well as the increasing adoption of sulphur hexafluoride in the medical sector, is responsible for the growth of the sulphur hexafluoride market in the forecast period. Electronic manufacturers fuel the demand for sulphur hexafluoride so as to develop large appliances with varied operating ranges and conditions. Thus, surging demand for household electronic appliances like TVs, refrigerators, and mixers, among others, will drive the growth of the sulphur hexafluoride market over the upcoming years.

It is estimated that the power and energy sector will record the highest demand for sulphur hexafluoride. Power generating and energy plants and the use of high-voltage electronic equipment will continue to adopt sulphur hexafluoride. Renewable energy plants like wind and gas, too, contribute to the growing demand for sulphur hexafluoride to produce and supply energy to various industries. Moreover, recent years have witnessed a growing demand for sulphur hexafluoride from the healthcare sector due to its usage in plasma processing, medical technology, and other therapeutic processes. The increasing prevalence of chronic ailments, rising number of patients, and surging government expenditure in the healthcare industry will open avenues of growth for the sulphur hexafluoride market. Telecommunication, consumer goods, the electronic industry, and others will also drive the demand for sulphur hexafluoride.

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Sulphur hexafluoride is a colorless and odorless gas that is non-toxic, non-inflammable, and soluble in water. It has superior thermal, electrical, and chemical characteristics which makes the chemical an ideal fit for several applications. Sulphur hexafluoride, thus, finds application in several industries including power, medicine, electronics, glass, metal, and others.

Growing demand for electronic goods like semiconductors, photovoltaic panels, power equipment, and switch gear will amplify the demand for sulphur hexafluoride. The increasing development of power infrastructure along with government aid in this respect will also facilitate the expansion of the sulphur hexafluoride market size. With healthcare and the electrical and electronics industry thriving in the upcoming years and sulphur hexafluoride finding function in these sectors, the prospects for the market look bright during the projection period. However, the market for sulphur hexafluoride also has its share of restrictions. Sulphur hexafluoride has an adverse impact on the atmosphere as its causes global warming. Due to increasing environmental consciousness, sulphur hexafluoride’s negative effect on the environment will likely impede the growth of the market.

Key Takeaways in Sulphur Hexafluoride Market:

By end use, the power and energy segment will dominate the global marketplace by acquiring a sizeable portion of the market share.
Increasing adoption of sulphur hexafluoride in the healthcare sector will also strengthen the market prospects.
The rising application of sulphur hexafluoride in loudspeakers, leak detection, and lasers augurs well for the global market.
Developing regions like China, India, and Brazil offer lucrative opportunities to the market due to the dense population, rising disposable income, and favourable government initiatives.

Competitive Landscape in Sulphur Hexafluoride Market

A few of the significant players in the sulphur hexafluoride market are profiled in the full version of the report

Solvay
Praxair
Honeywell
Linde Group
Kanto Denka Kogyo
Matheson
Airgas
Chengdu Kemeite
Qinghai Xinhe
Showa Denko
Concorde Specialty Gases
Fujian Shaowu Yongfei
Advanced Specialty Gases
Liming Research Institute
Yingde Gases
Huaneng Fluorine
Shandong Ruihua Fluoride, among others,

Prominent market players are keen on expanding their production facilities and establishing themselves in emerging economies. These organizations also employ various organic and inorganic business strategies.

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More Insights Into Sulphur Hexafluoride Market

FMI offers an unbiased analysis of the global sulphur hexafluoride market in its latest report, providing historical data and forecast statistics for 2023 to 2033. The report presents a study of a ten-year sales forecast, market drivers, restraints, trends, and opportunities. To understand the global market potential, growth, and scope, the market is segmented on the basis of application, industry, and region.

FMI predicts that, based on segmentation, the power and energy category will dominate the global marketplace. This segment will create high demand for the market as a key end user. Based on region, developing regions like Brazil, China, and India will present immense potential in the market. Rapid industrialization, growing population, rising disposable income, and increasing government spending in these countries will aid the growth of the market in these developing nations. In developed countries, the sulphur hexafluoride market is shaped by the rapid rise of the aging population and the high prevalence of chronic ailments as these factors amplify the demand for sulphur hexafluoride in the healthcare sector. Thus, extensive use of sulphur hexafluoride in different industrial verticals and contributions from developed and developing regions will aid the global growth of the sulphur hexafluoride market.

Sulphur Hexafluoride Market Segmentation

On the basis of the end-use industry, the global Sulphur hexafluoride market can be segmented as:

Electrical & Electronics industry
Steel & Metals industry
Medical applications
Glass Industry
Electrostatic loudspeakers
Entertainment industry

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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Nandini Singh Sawlani

Silica Manufacturing from Sodium Silicate to Spearhead Growth Amid Surging Demand for Quartz and Precipitated Silica Products Across Various Industries

The global sodium silicate market is set to grow at a steady CAGR of 3% during the forecast period (2019 to 2029), as projected by a new report of Future Market Insights (FMI). The growth is primarily fueled by the sodium silicate’s eco-friendly and non-toxic nature, which makes it ideal for numerous industrial applications such as detergents, adhesives, and coating, and deflocculated, among the wide range of industrial applications.

Sodium Silicate Market: Key Findings

Silica manufacturing will remain a major application and will significantly contribute to the market share, backed by surging demand for quartz, and precipitated silica.
Applications in detergents, pulp & paper, elastomers, food, and healthcare are propelling the demand for sodium silicate.
Asia Pacific will outpace other regions and will account for more than half of the global share, owing to increasing infrastructural development, which is propelling the demand for sodium silicate.
North America and Europe will collectively account for more than 1/5^th of the market share.
Developed economies such as the US and UK are expected to provide lucrative opportunities to sodium silicate manufacturers.

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Sodium Silicate Market: Key Driving Factors

Rising environmental concerns are pushing manufacturers in paper and pulp manufacturers to adopt eco-friendly raw materials, thereby propelling the sodium silicate market on the back of the material’s nature.
Water treatment and soil stabilization applications are increasingly employing sodium silicate as a cleaning agent and pH stabilizer, thus boosting the market.

Sodium Silicate Market: Key Restraint

The high cost of raw materials is likely to reduce the profit margins of the market players, thus impacting the overall growth.

Competition Landscape of the Sodium Silicate Market

Some of the key players in the global sodium silicate landscape that are covered in this study include, but are not limited to, American Elements, J.M. Huber Corporation, MALPRO SILICA PRIVATE LIMITED, PPG Industries, Qingdao Dongyue Sodium Silicate Co Ltd, Zaclon, Shijiazhuang Shuanglian Chemical Industry, Tokuyama Corporation, BASF SE, Nippon Chemical Industrial, Evonik Industries AG, and IQE Group., among others. Market players are focusing on expanding to developing markets and research & development activities to develop innovative applications to cater to untapped industries such as welding, cement, agriculture, and food.

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More About the Report

This Future Market Insights study of 250 pages offers actionable insights into the sodium silicate market. The market analysis is based on the application (detergents, catalyst, pulp & paper, elastomers, food & healthcare, & others), across five regions (Asia Pacific, Europe, Middle East & Africa, Latin America and North America).

Sodium Silicate Market: Segmentation

By Application

Silica Manufacturing
Detergents
Catalysts
Pulp & paper
Elastomers
Food & healthcare
Others (coating, agriculture, etc.)

By Region

North America
Latin America
Europe
MEA
Asia Pacific

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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Nandini Singh Sawlani

Refinery Catalyst Market Poised for 4.6% CAGR Growth till 2030, Asia Pacific Leads the Charge with 5.7% Value CAGR, Reveals Future Market Insights

Increasing use of transportation fuel is likely to have a direct impact on the demand for refinery catalyst, according to a recent report published by Future Market Insights (FMI). Catalytic processes are imperative for the production of transportation fuels such as gasoline, diesel, jet fuel and others from petroleum. Evolving composition of transportation fuel composition requirements to match the environmental regulations and changes in engine design are expected to drive the refinery catalyst market.

Environmental regulations are getting stricter across the world. Considering this, with the need for cleaner emission growing stronger, companies are looking for newer ways to reduce their harmful emissions.

In order to adhere to these stringent rules, the use of cleaner emission fuels is encouraged. This has led to high use of low Sulphur fuels as these cause less damage to the environment. Refinery catalysts play a major role as they are critical in reducing Sulphur from fuels. Owing to these applications, global refinery catalyst market is expected to experience a surge in demand.

Furthermore, the increasing uses of different catalysts such as Fluidised Catalytic Cracking (FCC) and Hydroprocessing technologies are poised to boost the market growth. The report offers exclusive insights into the market. Some of the key takeaways are highlighted below:

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Key Takeaways in Refinery Catalyst Market Study:

Asia Pacific is expected to emerge as the most lucrative market for refinery catalysts during the forecast period
North America and Europe are likely to exhibit witness substantial growth during forecast period 2020-2030
FCC is projected to emerge as the most lucrative product type, however, the hydrotreating segment expected to witness highest growth during the forecast period
Zeolites likely to remain the highest used ingredient segment
Rising use of transportation fuel to boost growth of global refinery market.

“Regulations encouraging the use of cleaner emission fuels are expected to get more stringent in the near future as concerns over environmental safety is taking precedence globally. Hence the role of refinery catalysts in lowering the Sulphur levels of fuels is expected to gain more prominence, providing huge market potential for manufacturing companies in the industry” said an analyst at FMI.

COVID-19 Impact on Refinery Catalyst Market

COVID-19 pandemic is impacting the global economy since its advent. Refining catalyst market is affected by the impact pandemic had on the petrochemical industries across the world. The pandemic has affected all aspects of business.

With restricted productions and lack of labor due to the social distancing norms, the manufacturing companies are still recovering from the impact. This negative impact is expected to lead to a drop in demand of refinery catalysts in 2020.

As transportation was restricted across worst hit countries for a significant time during the year, the demand took a huge dip. Decelerating growth was recorded as crude oil prices went to an all-time low with negative pricing for the first time.

Additionally, with end-use industries affected in the regions such as Asia Pacific, North America and Europe, a significant drop in year on year growth rate is expected. Although the market has suffered losses, it is expected to pick itself up by the beginning of 2021.

Who is Winning?

Global refinery catalyst market encompasses established players who operate internationally as well as regional players. This has resulted in a highly competitive market. The key strategies adopted by players include strengthening supplier base and improving distributor networks.

Furthermore, product innovations is a key strategy employed by large players to sustain in the market and gain advantage over competitors. For instance, key player in the global refinery catalyst market, BASF has announced launch of a new fluid catalytic cracking (FCC) catalyst product for gasoil feedstock. It is based on the multiple framework technology (MFT) by BASF.

This new product has confirmed its ability to deliver better economic performance during trials. This is achieved through butylene selectivity, high conversion and coke selective bottoms upgrading in order to increase refiner’s profitability.

Some of the key players in the global refinery catalyst market are Exxon Mobil, Albemarle Corporation, W.R. Grace and Co., Honeywell International Inc., Clariant AG, BASF SE, Axens SA, Haldor Topsoe A/S.

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Get to Know More about Refinery Catalyst Market

The research report analyzes the total sales of refinery catalyst on the basis of volume (Units) and value (US$ Mn). The market is projected on the basis of factors such as petrochemical industry growth, fuel sales, global GDP growth, industry value added, and government regulations. The scope of the research report includes only new sales of refinery catalyst for OEM. The report offers critical insights into the refinery catalysts market in terms of product type (FCC, reforming, hydrotreating, hydrocracking, isomerization and alkylation), ingredients ( zeolites, metals and chemical compounds), and across 5 key regions (North America, Latin America, Europe, Asia Pacific & Middle East & Africa)

Global Refinery Catalyst Market By Category

By Product Type :

FCC (Fluidised Catalytic Cracking)
Reforming
Hydrotreating
Hydrocracking
Isomerization & Alkylation

By Ingredients :

Zeolites
Metals
Chemical Compounds

By Region :

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 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 Ammonium Phosphate Market Thrives on Rising Demand for Fire Control Applications Amidst Environmental Concerns, Fertilizer Dominance Persists

The projected growth rate of the ammonium phosphate market is approximately 3.3% over the course of the forecast period (2019-2029). The demand from the fertilizers segment remains steady and even surges in emerging economies. Other end-use industries such as electronics and optics are complementing the growth of the ammonium phosphate market.

Stringent regulatory norms regarding the use of inorganic fertilizers are hindering the growth of the ammonium phosphate market in the region. The primary focus of manufacturers in these two regions is on the use of organic fertilizers. The ammonium phosphate market in Europe and North America is projected to witness relatively moderate growth during the forecast period.

The rising population in Asia Pacific has led to an upheaval in demand for fertilizers in the region. The majority of the demand for ammonium phosphate will be generated from countries such as India and China. Moreover, the proliferation of fertilizer plants in the region is supplementing the growth of the ammonium phosphate market.

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Key Takeaways of Ammonium Phosphate Market Study

The fertilizers industry accounts for substantial ammonium phosphate demand.
The rising uptake of ammonium phosphate in fire extinguishers is propelling the market growth.
Gains in the ammonium phosphate market to remain consolidated in the Asia Pacific.
Europe and North America’s ammonium phosphate market will witness modest growth through 2029.
Demand for organic fertilizers will limit the growth of the ammonium phosphate market in developed regions.

Major stakeholders in ammonium phosphate must renew their focus towards Asia Pacific market which continues to remain the growth epicentre on account of heightened demand for fertilizers.

Demand for Mono-ammonium Phosphate to Remain Rampant in Fertilizers

Mono-ammonium Phosphate (MAP) is a chief component of granular fertilizer. The pH regulation and water solubility are the two most sought-after attributes of MAP. Farmers continue to prefer ammonium phosphate for the sustained and healthy growth of plants. The augmented demand for MAP in high-pH soils is particularly fuelling the market.

In suspension fertilizers, ammonium phosphate is used in powdered form. Moreover, MAP has good handling and storage properties which are boosting its demand among consumers. However, the ongoing debate over the potential environmental impact of ammonium phosphate based fertilizers is limiting the market growth.

Asia Pacific Acquires 32.6% Revenue Share in Ammonium Phosphate Market

Demand upsurge for fertilizers owing to the increasing population is boosting the ammonium phosphate market in the Asia Pacific. The predominant markets for ammonium phosphate are China and India. On that premise, Asia Pacific constitutes approximately 32.6% revenue share in the ammonium phosphate market.

On the other hand, consumers in Europe and North America have a growing inclination toward organic fertilizers. The ammonium phosphate market growth in these two regions will be relatively sluggish on that account. Moreover, stricter environmental norms in developed economies will hamper the growth of the regional ammonium phosphate market.

Geographic Expansion Remains the Chief Strategic Tenet of Global Players

The competitive landscape of the ammonium phosphate market is consolidated in nature at the global level. However, in certain regions, it remains fragmented with the proliferation of SMEs. Key manufacturers featured in this study include, but are not limited to, OCP SA, Wengfu Group, Yara International ASA, Solvay S.A., Coromandel International Ltd., Lanxess AG, Nutrien Ltd., Jordan Phosphate Mines Company, Haifa Group.

Premier companies in the ammonium phosphate market are focused on geographic and operational expansion for a greater market foothold. However, the demand for inorganic fertilizers continues to stagnate in developed economies. Manufacturers thus need to divert their resources toward the Asia Pacific market where the use of ammonium phosphate-based fertilizers is still prevalent.

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More about the Report

FMI’s study offers an in-depth market forecast and analysis of the global ammonium phosphate market. The major categories encompassed by the report include product type (mono-ammonium phosphate, di-ammonium phosphate, and ammonium polyphosphate), application (fertilizers, food & beverages, fire extinguishers, detergents & soaps, and water treatment chemicals) across five regions (North America, Latin America, Europe, Middle East & Africa, Asia Pacific).

Ammonium Phosphate Market: Segmentation

The global ammonium phosphate market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

Product Type

Mono-ammonium Phosphate (MAP)
Di-ammonium Phosphate (DAP)
Ammonium Polyphosphate

Application

Fertilizers
Fire Extinguishers
Food & Beverages
Water Treatment Chemicals
Detergents & Soaps

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