Market Research Blog – Page 3647 – New Product Development

Global Cement Board Industry Valued at US$ 12.6 Billion in 2023, Expected to Reach US$ 21.9 Billion by 2033

The global cement board industry is experiencing robust growth, with an estimated value of US$ 12.6 Billion in 2023. According to recent market analysis, the sector is projected to witness a Compound Annual Growth Rate (CAGR) of 5.7% over the assessment period, reaching US$ 21.9 Billion by 2033. The surge in demand is attributed to the myriad benefits offered by cement boards, including exceptional flexibility, crack resistance, and durability.

Cement boards, crafted from cement and cellulose fibers, boast superior water resistance compared to traditional materials like paper-covered gypsum. They are widely utilized as backing for tiles, particularly in moisture-prone areas like bathrooms and kitchens, where resistance to mildew and mold is essential.

Moreover, cement boards play a pivotal role in the construction of high-quality furniture, renowned for their longevity and resilience against fire, termites, and water. They find extensive applications in flooring, sidings, roofing materials, ceilings, trims, and soffits, offering versatility across residential, commercial, and industrial projects.

The upsurge in construction activities, coupled with a burgeoning number of residential and commercial buildings, has propelled the demand for cement boards. With a steady growth rate of 4.9% from 2018 to 2022, these boards are favored for their ease of installation, handling, and a plethora of advantageous properties such as fire and moisture resistance.

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Various sectors including industrial, agricultural, domestic, and residential rely on cement boards for roofing, cladding, and flooring applications due to their durability and water resistance. These boards serve as a sturdy foundation for tiling, enduring heavy foot traffic with ease.

The industry is poised for further expansion with a projected CAGR of 5.7% during the forecast period, driven by escalating residential and commercial construction activities. Factors such as rising consumer disposable income, a growing emphasis on aesthetic enhancements, and regulatory mandates for eco-friendly building materials are anticipated to fuel market growth.

Key attributes contributing to the popularity of cement boards include their durability, environmental friendliness, and resistance to pests, fungi, fire, and vermin. They streamline construction processes, offer exceptional weather resistance, and are highly versatile in diverse building applications.

Wood strand cement boards, renowned for their bending strength, elasticity, and moisture resistance, are witnessing increased utilization in partition walls, roofing, flooring, and tile backing. These boards, with their cost-effectiveness and resistance to various elements, are becoming indispensable in modern construction projects.

The global cement board industry is undergoing a transformative phase, driven by innovation, sustainability, and the growing demand for resilient building materials. As the market continues to evolve, cement boards are poised to play a pivotal role in shaping the future of construction worldwide.

Key Companies Profiled

James Hardie Building Products Inc.
Etex Group
Cembrit Holding A/S
Johns Manville
Everest Industries Limited
SHERA
SCG CBM
Soben International Ltd.
Hume Cemboard Industries Sdn Bhd.
SANLE Group
Ramco Industries Limited
Vnext by Visaka Industries
CertainTeed
Knauf Gips KG
Owens Corning
American Fiber Cement Corporation
Allura USA
Elementia Material
BetonWood SRL
NICHIHA Co. Ltd.

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Key Segments Profiled in the Report

By Type:

Fiber Cement Boards
Cement Bonded Particle Boards
Wood Wool Cement Boards
Wood Strand Cement Boards

By Application:

Fire Resistant Construction
Flooring Applications
External Siding
Permanent Shuttering
Thermal Insulation
Partition Walls
Others

By Construction Type:

Commercial Buildings
Residential Buildings
Industrial and Institutional

By Region:

North America
Latin America
East Asia
South Asia and the Pacific
Western Europe
Eastern Europe
Central Asia
Russia and Belarus
Balkan and Baltic Countries
The Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Phosphor Screen Market Projected to Reach US$ 359.5 Million in 2033

The global market for phosphor screens is set to witness robust growth in the coming decade, with a projected value of US$ 359.5 million by 2033. This surge is primarily attributed to burgeoning demand from key industries such as healthcare, telecommunication, consumer electronics, and research and development institutes.

According to the latest report from Future Market Insights, the market was valued at US$ 250.0 million in 2023 and is anticipated to register a steady Compound Annual Growth Rate (CAGR) of 3.7% during the forecast period spanning from 2023 to 2033.

Phosphor, a substance emitting light when stimulated by radiation, forms the core of these screens. Often combined with a matrix like ZnS and an activator, the type of activator used significantly influences the quality of luminescence. Originally utilized in its natural form, phosphors such as scheelite have been synthesized for various applications, including lighting and television.

Phosphor screens, commonly associated with Cathode Ray Tube (CRT) technology, were extensively used in monitors and televisions. Despite their replacement by LCD and OLED displays, they continue to find applications in military, medical, and industrial equipment, contributing to market growth.

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Healthcare and medical sectors have witnessed a surge in phosphor screen adoption, particularly in scanners for dental, veterinary, and autoradiography applications. The market grew at a commendable CAGR of 3.5% during the historic period of 2018 to 2022, driven by advancements in scanner technology.

The market is poised for further expansion, propelled by increasing demand from telecommunication, medical diagnostics, and scientific instrument manufacturing. Technological advancements, coupled with the versatility of phosphor screens, are driving their adoption across various sectors.

In scientific instrument manufacturing, phosphor screens are integral components, offering enhanced sensitivity and accuracy. Recent developments include the utilization of phosphor screens with single-walled carbon nanotubes (SWCNTs) in planar light source devices, showcasing the innovation driving the market forward.

The transition from Multipurpose (MP) screens to multi-sensitive (MS) screens, designed to withstand moisture and cater to diverse applications, is indicative of the market’s evolution. As research in phosphor screens continues to expand, the demand for advanced instruments is expected to surge, further driving market growth.

With the growing emphasis on diagnostic accuracy and technological innovation, the global phosphor screen market is poised for significant expansion. As key players continue to invest in research and development, the market is set to witness transformative growth in the coming years.

Key Companies Profiled

General Electric Company
GIDS GmbH
Kimball Physics
Phosphor Technology Ltd
Dr. Gassler Electron Devices
Hamamatsu Photonics, K. K.
Scintacor
Koninklijke Philips N.V.
Stanford Computer Optics, Inc
Konica Minolta, Inc.

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Key Segments Profiled in the Report

By Decay Time:

Short Decay Time
Long Decay Time

By Application:

Consumer Electronics
Health Care Electronics
Telecommunication
Scientific Equipment Manufacturing
Research, and Academia
Others

By Region:

North America
Latin America
East Asia
South Asia and the Pacific
Western Europe
Eastern Europe
Central Asia
Russia and Belarus
Balkan and Baltic Countries
The Middle East and Africa

About Future Market Insights (FMI)

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Nandini Singh Sawlani

Hydroxyproline Industry: A Market with Huge Potential and Growth Opportunities

According to a recent study conducted by Future Market Insights, the Hydroxyproline market is projected to experience substantial gains, with a predicted Compound Annual Growth Rate (CAGR) of approximately 5.6% from 2023 to 2033.

Hydroxyproline, a non-essential amino acid predominantly found in collagen, is renowned for its role in maintaining the structural integrity of various tissues such as skin, bones, tendons, and connective tissues. This amino acid, derived from proline through post-translational modification after collagen synthesis, plays a vital role in tissue repair and regeneration, particularly in connective tissues. With collagen being essential for skin health, Hydroxyproline contributes significantly to maintaining skin elasticity and firmness.

The research indicates a thriving demand for Hydroxyproline across diverse sectors including pharmaceuticals, food, cosmetics, and others. This demand is attributed to its multifaceted applications, ranging from wound healing to dietary supplements. The market witnessed a notable increase in sales, boasting a CAGR of 4.8% between 2018 and 2022, primarily driven by the burgeoning personal care industry, rising preferences for dietary fibers and nutraceuticals, and the introduction of enhanced products beneficial for both skin and hair.

The forecast suggests a robust growth trajectory for the Hydroxyproline market, fueled by the rapid adoption of dietary supplements and substantial demand from the healthcare sector. Notably, the pharmaceutical industry is expected to witness a surge in Hydroxyproline usage owing to its purification standards for medicinal and pharmaceutical applications. Pharmaceutical-grade Hydroxyproline is extensively employed as an active ingredient in health supplements and cosmetic products, offering benefits for skin health, wound healing, and joint function.

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Moreover, Hydroxyproline holds significant promise in the cosmetic industry, serving as a key component in skincare products aimed at collagen production enhancement and overall skin health improvement. With its presence in anti-aging creams and moisturizers, Hydroxyproline caters to the growing consumer demand for skincare solutions addressing fine lines and wrinkles.

The industrial-grade form of Hydroxyproline is gaining traction in the market, particularly due to its diverse industrial applications including food additives, cosmetics, and pharmaceuticals. Although industrial-grade Hydroxyproline may have a lower level of purity compared to pharmaceutical grade, its demand remains robust across various end-use sectors.

Additionally, the food sector presents promising opportunities for Hydroxyproline market growth, with its utilization as a nutritional supplement in sports and energy drinks, and in food products designed for specific dietary needs. While more research is warranted to validate its efficacy as a dietary supplement ingredient, Hydroxyproline’s antioxidant properties make it a sought-after component in functional foods marketed for health benefits.

Key Companies Profiled

HQ Biosciences
KYOWA HKKO USA
AECO CHEM
Shadong Tianmei Biotech Co. Ltd
Henan SenYuan Biological Technology co., Ltd.
Shaanxi Guanjie Technology Co., Ltd
EnColl
Merck Group (Sigma Alrich)
Evonik Industries
JINYANG PHARM CO. LTD
Thermo Fisher Scientific Inc.
Zibo Kaimeiyuan Pharmaceutical Technology Co., Ltd
Fengchen Group Co., Ltd

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Market Segmentation

By Form:

Pharmaceutical Grade
Industrial Grade

By Application:

Pharmaceutical Intermediate
Cosmetics
Food
Dietary Supplement
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
Central Asia
Russia and Belarus
Balkan and Baltic Countries
Middle East and Africa

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Processed Fruits & Vegetables Market Soars to US$ 539.8 Billion by 2032: Uncovering Key Growth Factors, Market Trends, and Future Opportunities | Future Market Insights

FMI report, the sales of processed fruits & vegetablesare expected to surpass a value of US$ 539.8 Billion in 2032, rising at a CAGR of around 7.1% through the end of 2032.

The increased is attributed to the product’s high nutritional value and minimum processing. Manufacturers are reshaping the market for processed fruits and vegetables by utilising a variety of packaging options to keep freshly cut fruits and vegetables fresh. Modified atmospheric packaging (MAP) and edible coatings are becoming increasingly popular for extending the shelf life of freshly cut fruits and vegetables.

Because people want convenient, nutrient-dense diets and healthier lifestyles, the market for processed fruits and vegetables is fast rising. Customers are becoming more aware of the benefits of processed fruits and vegetables, such as their longer shelf life and ease of consumption, and the company is prepared for continued growth and product diversity.

According to a market survey of processed fruits and vegetables, there has been a boom in interest in the research and manufacture of meat substitutes in recent years. The global market for plant-based alternatives is anticipated to be worth $85 million by 2030.

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The demand for beef and dairy products in the US is also anticipated to decline by 80–90% by 2035. Because of their greater functioning and improved nutritional makeup, which can result in texture and flavor upgrades, fruits and fruit-based products are attracting the attention of manufacturers of plant-based foods. This has changed the processed fruits & vegetables market outlook significantly.

Additionally, the COVID-19 pandemic has improved the rate of adoption of processed fruits & vegetables since it is well suited for living in quarantine and is thought to be both inexpensive and nourishing.

The market for dried fruits has been pushed up by the increased demand for processed fruits & vegetables market in various parts of the world. The market for dried fruit is being driven by a shift in customer choice for healthy and nutritious foods as a result of rising obesity and an aging population.

Furthermore, the rising demand for dried fruit has been spurred by increased acceptance of healthful packaged foods and widespread use of dried fruit in the dairy, snack, confectionery, and bakery, industries, therefore, augmenting the growth of the processed fruits & vegetables market.

Key Takeaways from the Processed Fruits & Vegetables Market Study:

The US is estimated to account for more than 60% of the North American processed fruits & vegetables market market in 2022.
Through 2026, Latin America is expected to grow at a healthy 7.1% compound annual growth rate (CAGR).
The increasing urbanization and accompanying lifestyle changes which are focused towards higher health consciousness among consumers are primarily responsible for regional growth in the US.
The food is cooked to a precise and controlled temperature during the canning process to destroy enzymes and eliminate the risk of deterioration and food illness, therefore, leading to rapid growth in the canned processed fruits & vegetables market segment.
The filling processing equipment industry is expected to exceed USD 38.6 billion by 2027, owing to technological developments like heightened production speed, reduced manpower requirements, and automated reliability to maintain product quality.

“Key market players are investing much in R&D in order to introduce new products and obtain a competitive advantage. Companies are also pursuing tactics such as collaboration, acquisitions, mergers, and partnerships in order to extend their client base and increase revenues.” said a lead analyst at FMI.

Who is winning?

Key players operating in the global processed fruits & vegetable market are focusing on reaching a large consumer base by implementing various strategies such as product innovations, marketing & promotional activity, strengthening distribution channels, and adopting sustainable production. Technology is also proving to be strong support for the demand for processed fruits & vegetables market to grow in the coming years.

For example, Sorma Group developed the HyperVision platform in January 2021, a cutting-edge, multi-wavelength lighting solution that provides exceptional fruit sorting and a high level of efficiency. It has the capability of analyzing up to 15 pieces of fruit each second.

Get Valuable Insights into Processed Fruits & Vegetables Market

FMI, in its new offering, provides an unbiased analysis of processed fruits & vegetables presenting historical demand data (2017-2022) and forecast statistics for the period from (2022-2032). The study divulges compelling insights on the demand for Processed Fruits & Vegetables based on by type (vegetables and fruits), by processing equipment (processing, pre-processing, seasoning, washing, filling, packaging), by product (fresh, canned, fresh-cut, drying & dehydration, frozen) across five major regions.

Processed Fruits & Vegetables Market by Category

By Type:

Fruits
Vegetables

By Processing Equipment:

Processing
Pre-processing
Seasoning
Washing
Filling
Packaging

By Product:

Fresh
Canned
Fresh-Cut
Drying & Dehydration
Frozen

By Region:

North America
Latin America
Europe
Asia Pacific
MEA

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Author

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

About Future Market Insights (FMI)

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

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Nandini Singh Sawlani

High Protein Flour Market Surges to US$ 52.4 Billion by 2032 at 11.4% CAGR: Exploring Growth Drivers, Emerging Trends, and Market Dynamics

The high protein flour market is expected to grow at a 11.4% CAGR during the forecast period, from US$ 17.8 Billion in 2022 to US$ 52.4 billion by 2032.

With 1000+ market research reports and 1 billion+ data points, Future Market Insights (FMI) serves each and every requirement of the clients operating in the global packaging industry. FMI deploys digital intelligence solutions to offer compelling insights to report buyers that help them in overcoming market challenges, especially at the time of a crisis. Our dedicated team of professionals performs an extensive survey to gather accurate information associated with the market.

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Crucial information and forecast statistics covered in the High Protein Flour market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.

COVID-19 Impact Analysis on High Protein Flour Market

The recent outbreak of the COVID-19 has adversely affected various markets in the packaging industry, and the High Protein Flour market is no exception. Products which are deemed ‘essential’ continue to experience significant sales, while non-essential items faced a sharp decline in demand.

Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the High Protein Flour market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace. Several market players are further planning to relocate their supply chain from China – the first epicenter of the COVID-19.

The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the High Protein Flour market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.

Why Choose Future Market Insights

Serving domestic and international clients 24/7
Prompt and efficient customer service
Data collected from reliable primary and secondary sources
Highly trained and experienced team of research analysts
Seamless delivery of tailor-made market research reports

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High Protein Flour Market: Segmentation

High Protein Flour Market By Nature (Organic and Conventional), Type (Unbleached and Bleached), Source (Wheat and Almond), End User (Food and beverages, Bakery, Confectionery, Dairy, Animal feed, Retail), Distribution Channel (Hypermarkets, Supermarkets) & Region – Forecast 2022 – 2032

High Protein Flour Market: Competition Analysis

The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the High Protein Flour market. Competitive information detailed in the High Protein Flour market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the High Protein Flour market report.

Key players covered in the report include:

Archer Daniels Midland Company, Unilever Inc., ITC Ltd., Konagra Brands Inc., The Pillsbury Company LLC, General Mills, King Arthur Flour Company Inc., and North American Millers’ Association are some of the prominent competitors in the high protein flour market.

Important Questions Answered in the High Protein Flour Market Report

Which end user remains the top revenue contributor in different regional markets?
At what rate has the global High Protein Flour market been expanding during the forecast period?
How will the global High Protein Flour market look like by the end of the forecast period?
What innovative strategies are adopted by High Protein Flour market players to stay ahead of the pack?
What are the restraints affecting the growth of the global High Protein Flour market?

Key Segments For High Protein Flour Market

By Nature:

Organic
Conventional

By Type:

Unbleached
Bleached

By Source:

Wheat
Almond

By End Users:

Food and beverages
Bakery
Confectionery
Dairy
Animal feed
Retail
Foodservice

By Distribution Channel:

Hypermarkets
Supermarkets
Specialty stores
Retail stores
Online stores

By Region:

North America
Europe
Middle East Africa
South Asia
Rest of Asia
Australia
New Zealand

Key Offerings of the Report

Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the High Protein Flour market

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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

Global Chlorinating Agents Market Projected to Reach US$ 107.2 Million by 2033

The global chlorinating agents market is poised for substantial growth, with a projected valuation of US$ 107.2 Million by 2033, according to a recent market analysis. The market’s expansion is attributed to the burgeoning demand for chlorinating agents across various industries including wastewater treatment, food and feed, electronics, and paper.

Based on estimations by Future Market Insights (FMI), the chlorinating agents industry is anticipated to be valued at US$ 76.7 Million in 2023, with a projected compound annual growth rate (CAGR) of 3.4% from 2023 to 2033.

Chlorinating agents play a vital role in adding chlorine atoms to other chemicals for cleaning purposes, offering cost-effective solutions. The market has witnessed significant growth driven by the increasing demand from manufacturing industries, particularly in cleaning raw materials and finished products. Moreover, the pharmaceutical sector is expected to contribute significantly to market expansion due to escalating product innovation and development.

The recent surge in medical research spending, particularly post-pandemic, has further fueled the demand for chlorinating agents for medical applications. This trend is expected to create new growth opportunities for the global market.

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One of the primary drivers for the increasing demand for chlorinating agents is the need for water treatment chemicals and pure drinking water. Chlorine, approved by the World Health Organization (WHO) as a main disinfectant, is extensively used to disinfect and destroy germs in water. Governments, non-profit organizations, and corporations worldwide are actively engaged in water purification projects, contributing to market growth.

Additionally, the pharmaceutical industry’s reliance on chlorine chemistry for manufacturing pharmaceutical products is propelling market demand. Approximately 25% of pharmaceutical drugs contain chlorine, with chlorine chemistry employed in the production of 88% of the top-selling drugs. Chlorinating agents like Thionyl Chloride are crucial in the production of various medical drugs, further driving market growth.

The application of chlorine in drug development is witnessing a rapid increase, reflecting its instructive role in halogen distribution. As the demand for pharmaceutical drugs continues to rise, the demand for chlorinating agents as essential raw materials is expected to follow suit.

Overall, the chlorinating agents market is poised for robust growth driven by the increasing demand from end-use sectors such as pharmaceuticals, water and wastewater treatment, food and feed, and paper industries.

Key Companies Profiled

BASF SE
The Dow Chemical Company
DIC Corporation
AGC Chemicals
Nouryon
Heetu Chemicals and Alkalies Ltd.,
Acuro Organics Limited
Organics Private Limited
TGV Group
Lords Chloro Alkali Limited
Aditya Birla Chemicals
Lantai Industry

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Key Segments Profiled in the Report

By Product Type Market is segmented as:

Calcium Hypochlorite
Lithium Hypochlorite
Sodium Hypochlorite
Trichloroisocyanuric acid
Potassium Dichloroisocyanurate
Sodium Dichlorocyanurate
Others

By Application Market is segmented as:

Medical
Biological Activity
Antioxidants
Food Additive
Reagent
Others

By End Use Industry Market is segmented as:

Cosmetics and Personal care
Pharmaceutical
Water and Wastewater Treatment
Ink and Dye
Food and Feed Industry
Electronic Industry
Paper Industry
Others

By Region Market is segmented as:

North America
Latin America
East Asia
South Asia and the Pacific
Western Europe
Eastern Europe
Central Asia
Russia and Belarus
Balkan and Baltic Countries
The Middle East and Africa

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Slimming Tea Market: Examining Growth Factors, Product Innovations, and Consumer Trends by 2022 to 2032 | Future Market Insights

The global slimming tea market size is expected to reach US$ 11.5 billion in 2032, growing at a stunning CAGR of 9.2% during the forecast period of 2022-2032. It is expected to be valued at US$ 7.4 billion in 2022. The increasing demand for premium healthcare products to maintain overall health and wellness is likely to increase demand for slimming tea in the near future.

Weight Loss Associated with Slimming Tea Consumption is driving the Global Market for the Slimming Tea

Market for the slimming tea is driven by the increased demand for premium health products for health benefits in developed nations such as U.S., U.K., Japan, Australia, Germany, etc. According to the WHO analysis, 60% to 85% of the population in these countries led a sedentary lifestyle. The lack of required physical activity on a daily basis is leading to serious health issues such as obesity, diabetes, and cardiovascular diseases.

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With the increasing prevalence of these diseases, health concerns and health consciousness among the urban population has increased. This health concerned population, since lack of time, is preferring healthy diet over exercise to stay healthy, which includes consumption of slimming tea. Slimming tea consumption to maintain weight and reduce the risk of health problems is producing promising opportunity in the global market of slimming tea.

Slimming tea is available in the market in various flavors with the hint of fruit such as orange, lemon, raspberry, blueberry, etc. These various fruit flavours provide choice option to the consumer. Various slimming tea products in the market are sugar-free and caffeine-free, which adds value to the product and attracts more tea consumer base. Other factors that boost the market of the slimming tea, are the supply side drivers such as low cost of manufacturing, emergence of various small and medium manufacturers in the tea producing countries.

Slimming Tea Market: Regional Analysis

The market for the slimming tea has increased opportunity in the European and North American region, including countries such as U.S., Canada, U.K., France, Germany, etc. The opportunity in these countries is majorly for health benefits associated with tea consumption. Whereas, in China, South Korea, India and other Asian countries, the consumption of slimming tea is more, accounting major share in the global slimming tea market. This consumption trend is attributed to the long-standing culture of tea in the Asian countries and high production of tea by the Asian countries.

Slimming Tea Market: Key Participants

Some of the market participants in the slimming tea market are:

Tea Treasure
Hyleys
Okuma Nutritionals
Changzhou Kakoo Tea Foodstuff Co., Ltd.
Triple Leaf Tea Inc.

Swastrik Eucalyptus Oil Co
HERBALGREENLAB
Imperial Tea Groups
Tea Aroma
Sira Impex Pvt. Ltd.

Kudos Ayurveda
Deemark
21^stCentury Healthcare, Inc.
Himalayan Brew Tea Factory

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The research report presents a comprehensive assessment of the slimming tea market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as product type, application, and end use.

Regional Analysis Includes:

North America (U.S., Canada)
Latin America (Mexico, Brazil)
Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
East Asia (China, Japan, South Korea)
South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)

Oceania (Australia, New Zealand)
Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Slimming Tea Market Segmentation

The slimming tea market can be segmented on the basis of form, nature, types, and distribution channel.

On the basis of form, the slimming tea market can be segmented as:

Loose
Tea Bags

On the basis of nature, the slimming tea market can be segmented as:

Organic

Conventional

On the basis of end-use, the slimming tea market can be segmented as:

Green Tea
White Tea
Oolong Tea
Others

On the basis of distribution channel, the slimming tea market can be segmented as:

Supermarket/ Hypermarket
Online Retailers
Specialty Stores

Mass Grocery Stores

Report Highlights:

Detailed overview of the parent market
Changing dynamics of the slimming tea market in the industry
In-depth market segmentation and analysis

The historical, current, and projected market size in terms of volume and value
Recent industry trends and developments in the slimming tea market
Competitive landscape of the slimming tea market
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth

A neutral perspective on slimming tea market performance
Must-have information for slimming tea market players to sustain and enhance their market footprint.

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

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Nandini Singh Sawlani

Charting the Future: Barrier Packaging Market Primed for Remarkable 5.5% CAGR Growth, Envisioned at US$ 10.7 Billion Valuation by 2032

The global barrier packaging market is on the brink of unprecedented expansion, with a projected Compound Annual Growth Rate (CAGR) of 5.5% forecasted during the period from 2022 to 2032. As of 2022, the market is valued at US$ 6.2 billion, and industry analysts predict it to surpass a staggering US$ 10.7 billion valuation by the year 2032, underscoring its pivotal role in the packaging landscape.

The surge in demand for high-barrier packaging solutions can be attributed to several key factors, notably the heightened demand for packaged food items driven by enhanced product marketing strategies and an increased focus on hygiene standards. Among the key sectors driving the demand for high-barrier packaging, the food and beverage industry emerges as the primary consumer, closely followed by the pharmaceutical sector. The latest forecasts from Future Market Insights (FMI) indicate a rising trend among businesses to adopt new barrier packaging solutions, driven by evolving industry standards and the emergence of innovative brands.

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The evolution of barrier packaging solutions has been propelled by advancements in nanotechnology, particularly in the development of nanocomposites tailored for food applications. Incorporating materials such as montmorillonite clays, kaolinite, carbon nanotubes, and graphene nano-sheets, these advanced nanocomposites have revolutionized packaging by offering sustainability and enhanced performance. The integration of various disciplines including packaging science, food science, sensor technology, information technology, and nanotechnology in research and development programs has further propelled the evolution of barrier packaging solutions, driving sales and adoption across diverse industries.

As the global barrier packaging market continues to evolve, industry stakeholders remain committed to innovation and sustainability, driving advancements in material science and technology. With a relentless focus on meeting the evolving needs of consumers and addressing emerging market trends, the future of barrier packaging shines bright, poised for continued growth and innovation.

Future Growth Opportunities:

Sustainable Solutions: With increasing environmental concerns, there is a burgeoning demand for sustainable barrier packaging solutions. Companies investing in biodegradable, compostable, and recyclable materials stand to capture a significant market share and meet the evolving consumer preferences for eco-friendly packaging options.
Advanced Technologies: The integration of advanced technologies such as nanotechnology and active packaging solutions presents exciting growth prospects. Innovations like oxygen scavengers, moisture absorbers, and antimicrobial films enhance product protection and shelf life, catering to the rising demands for enhanced food safety and quality.
Customization and Personalization: Consumers today seek personalized experiences even in packaging. The customization of barrier packaging solutions to meet specific product requirements and branding needs offers a unique opportunity for companies to differentiate themselves in the market and foster brand loyalty.
E-commerce Packaging Solutions: The exponential growth of e-commerce has fueled the demand for robust and efficient packaging solutions. Barrier packaging designed to withstand the rigors of shipping and handling while maintaining product integrity presents a promising avenue for growth in the burgeoning e-commerce landscape.
Global Expansion and Market Penetration: As consumer preferences for packaged goods continue to diversify globally, companies exploring untapped markets and expanding their international footprint can capitalize on emerging opportunities. Strategic partnerships, distribution agreements, and market insights play a pivotal role in successful market penetration and expansion endeavors.

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Industry Trends:

Smart Packaging: The advent of smart packaging technologies integrating sensors, RFID tags, and QR codes enables real-time tracking, authentication, and communication of product information. This trend not only enhances supply chain visibility but also empowers consumers with valuable insights into product authenticity and freshness.
Focus on Barrier Performance: With heightened awareness regarding food safety and quality, there is a growing emphasis on enhancing barrier performance in packaging materials. Innovations in barrier coatings, laminates, and barrier films with superior gas and moisture barrier properties are witnessing significant traction across various industries.
Rise of Flexible Packaging: Flexible packaging continues to gain momentum owing to its lightweight, cost-effective, and space-efficient attributes. The versatility of flexible barrier packaging solutions makes them ideal for a wide range of applications across food and beverage, pharmaceuticals, and personal care industries.
Regulatory Compliance and Sustainability: Regulatory mandates and sustainability initiatives are driving manufacturers to adopt environmentally responsible packaging practices. Compliance with stringent regulations and certifications such as FDA approval, FSSC 22000, and ASTM D6400 for compostability are becoming paramount in the barrier packaging industry.
Consumer-Centric Design: In an era of heightened consumer awareness, packaging design is evolving to prioritize consumer convenience, safety, and aesthetics. User-friendly features such as easy-open seals, resealable closures, and portion control packaging are gaining popularity, aligning with changing consumer lifestyles and preferences.

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Market Segmentation:

By Material,

Plastic
Paper

By Application,

Bags & Pouches
Films & Wraps
Tubes
Cups & Lids
Trays & Clamshells
Tapes & Labels
Blisters

By End Users,

Food & Beverage
Pharmaceutical
Cosmetics & Personal Care
Homecare
Electrical & Electronics
Other Consumer Durables

By Region,

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

About Future Market Insights, Inc.

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.

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Global Chloroplatinic Acid Market Set to Reach US$ 4.7 Billion by 2032

The global Chloroplatinic Acid Market is poised for substantial growth, with demand projected to reach US$ 4.7 billion by 2032, according to a recent market analysis. In 2022, the market demand was valued at US$ 3.4 billion, with a forecasted Compound Annual Growth Rate (CAGR) of 3.2%.

Chloroplatinic acid, also known as hexachloroplatinic acid, serves as a vital commercial source of platinum, primarily in aqueous solution form. Its significance spans across the Chemicals & Materials industry, attributing to its global utilization. Despite being a red solid, chloroplatinic acid remains highly hygroscopic, highlighting its versatility in various applications.

Asia Pacific emerges as a dominant region in the Chloroplatinic Acid Market, driven by surging consumption rates. The region’s exponential growth in demand is primarily fueled by the platinum catalyst manufacturing sector.

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Prominent Drivers Spearheading Chloroplatinic Acid Market Growth:

Rise in Demand for Platinum Catalyst Manufacturing: The surge in demand for chloroplatinic acid is closely tied to the escalating need for platinum-based catalysts, particularly in chemical syntheses. Platinum-based catalysts hold a substantial share in the global catalyst market, further amplifying the consumption of chloroplatinic acid.
Electroplating Applications: Beyond catalyst manufacturing, significant demand for chloroplatinic acid is observed in electroplating applications across diverse industries such as automotive and chemicals. This multifaceted usage contributes significantly to market expansion.

Factors Hampering Chloroplatinic Acid Market Growth:

Regulatory Constraints: The toxic nature of chloroplatinic acid necessitates adherence to stringent regulations governing hazardous chemical products. Increasing restrictions and safety standards pose challenges to market growth, particularly in industries where its usage is prevalent.
Rising Standards for Handling and Storage: Evolving standards for the handling and storage of hazardous chemicals present additional hurdles for the Chloroplatinic Acid Market. Compliance with these standards demands substantial investments in infrastructure and operational modifications.

The trajectory of the Chloroplatinic Acid Market underscores its resilience amid evolving regulatory landscapes and industry dynamics. As stakeholders navigate these challenges, innovation and strategic partnerships are poised to drive sustainable growth in the sector.

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Market Competition

Some of the key participants present in the global Chloroplatinic Acid Market include

Honeywell International Inc.
Avantor
Merck KGaA
Thermo Fisher Scientific Inc.
Toronto Research Chemicals
Ruiyuan Group Limited
Green Chemical Co., Ltd.
EVANS CHEM INDIA PVT LTD.
American Elements
Heraeus
DO Cheng Chem Material
Alfa Aesar
Carbosynth
Tokyo Chemical Industry Co., Ltd.
Shanghai Xinglu Chemical Technology Co., Ltd.

Key Segments Profiled in the Chloroplatinic Acid Industry Survey

Application:

Chloroplatinic Acid for Catalysis
Chloroplatinic Acid for Electroplating
Chloroplatinic Acid for Printing
Chloroplatinic Acid for Ceramics
Chloroplatinic Acid for Photographic Applications

End Use Industry:

Chloroplatinic Acid for the Chemical Industry
Chloroplatinic Acid for the Pharmaceutical Industry
Chloroplatinic Acid for the Automotive Industry
Chloroplatinic Acid for Other Industrial End Uses

Region:

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
Middle East & Africa

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Nandini Singh Sawlani

Shockproofing Electronics: Anti-Static Foam Pouch Market Set to Thrive with 4.9% CAGR, Envisioned Worth US$ 890 Million by 2032 Amid Rising Demand for ESD Protection

The global anti-static foam pouch market is poised for substantial growth, with a projected Compound Annual Growth Rate (CAGR) of 4.9% forecasted during the assessment period spanning from 2022 to 2032. As of the end of 2022, the demand for anti-static foam pouches is expected to reach a total valuation of US$ 549 Million, reflecting the escalating significance of these specialized packaging solutions across diverse industries worldwide.

The surge in demand for anti-static foam pouches is driven by the imperative need to safeguard sensitive electronic components and delicate equipment from electrostatic discharge (ESD) and static electricity. As the proliferation of electronic devices continues unabated, the importance of effective ESD protection has become paramount, spurring the adoption of anti-static foam pouches across a wide spectrum of industries.

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Key factors propelling the growth of the anti-static foam pouch market include:

Rising Demand for ESD Protection: With electronic components becoming increasingly sensitive to static electricity, there is a growing recognition of the need for robust ESD protection measures. Anti-static foam pouches offer a reliable solution for mitigating the risk of electrostatic discharge, ensuring the integrity and functionality of delicate electronic components throughout the supply chain.
Expanding Electronics Manufacturing Sector: The burgeoning electronics manufacturing sector, characterized by rapid technological advancements and product innovations, represents a key growth driver for the anti-static foam pouch market. As manufacturers strive to meet the evolving demands of consumers, the demand for high-performance ESD protection solutions, such as anti-static foam pouches, is expected to witness a significant uptick.

The versatility and effectiveness of anti-static foam pouches make them indispensable across a myriad of applications, including semiconductor packaging, electronic component storage, and transportation of sensitive equipment. These pouches offer superior protection against static discharge, safeguarding valuable assets and minimizing the risk of damage or malfunction.

As the global anti-static foam pouch market continues to evolve, industry stakeholders are focusing on innovation and product development to meet the dynamic needs of customers and address emerging market trends. From enhanced material formulations to customized packaging solutions, manufacturers are leveraging advanced technologies to deliver cutting-edge anti-static foam pouches that meet the highest standards of performance and reliability.

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Future Growth Opportunities:

Global Expansion: With the increasing demand for electronic products worldwide, there’s a significant opportunity for expanding our reach into emerging markets. By establishing strategic partnerships and distribution channels, we can cater to the growing need for reliable anti-static packaging solutions globally.
Customization and Personalization: As consumer preferences continue to evolve, there’s a growing demand for customized and personalized packaging solutions. By offering tailored anti-static foam pouches that meet the specific requirements of diverse industries, we can unlock new avenues for growth and establish long-term partnerships with our clients.
Sustainable Packaging Solutions: With a heightened focus on environmental sustainability, there’s a burgeoning demand for eco-friendly packaging solutions. By investing in research and development, we can innovate sustainable alternatives to traditional foam materials, thereby addressing the needs of environmentally-conscious consumers and businesses.
Integration of Technology: The integration of technology, such as RFID tags and IoT sensors, presents an exciting opportunity to enhance the functionality of anti-static foam pouches. By incorporating smart features, we can enable real-time tracking, monitoring, and authentication of sensitive electronic components throughout the supply chain, thereby ensuring optimal protection and security.
E-commerce Expansion: The rapid growth of e-commerce has transformed the way products are packaged, shipped, and delivered. By tailoring our anti-static foam pouch solutions to meet the unique requirements of online retailers and fulfillment centers, we can capitalize on the burgeoning e-commerce market and establish ourselves as a preferred partner for safe and secure product packaging.

Industry Trends:

Rapid Technological Advancements: The electronics industry is characterized by rapid technological advancements, driving the demand for advanced anti-static packaging solutions that offer superior protection against electrostatic discharge (ESD) and physical damage.
Stringent Regulatory Compliance: With increasing regulatory scrutiny and compliance requirements, there’s a growing emphasis on ensuring that anti-static packaging solutions adhere to industry standards and regulations to mitigate risks associated with ESD-related failures.
Shift towards Automation: The industry is witnessing a shift towards automation and robotics in manufacturing and packaging processes, enabling greater efficiency, accuracy, and consistency in the production of anti-static foam pouches.
Focus on Product Innovation: To stay ahead of the competition, companies are investing in product innovation and R&D initiatives to develop cutting-edge anti-static packaging solutions that offer enhanced performance, durability, and sustainability.
Growing Emphasis on Supply Chain Security: With the increasing complexity of global supply chains, there’s a growing emphasis on supply chain security and risk management. Anti-static foam pouches play a crucial role in safeguarding sensitive electronic components during transit and storage, thereby ensuring the integrity and reliability of the supply chain.

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Anti-Static Foam Pouch Market Segmentation

Based on end use:

Electronics
Automotive
Consumer goods
Industrial goods
Others

Based on material type:

HDPE
PE
PVC
LDPE

Based on sealing type:

Spout top
Self-adhesive seal
Heat seal

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: