Market Research Blog – Page 3762 – New Product Development

United Kingdom Plastomers Market Set to Skyrocket with a US$ 198,623.9 thousand Surge by 2033, Propelled by Multifaceted Industry Demands and Innovative Applications

The United Kingdom Plastomers industry size is projected to expand at a significant CAGR of 4.6% from 2023 to 2033. It is anticipated to reach a market valuation of US$ 198,623.9 thousand by the end of 2033. Rising demand for plastomers from packaging, automotive, construction, and aerospace industries is likely to drive the market in the forecast period.

The market is expected to benefit from the circular economy model, which emphasizes recycling and reusing plastics. It is projected to lead to new opportunities for recycled and biodegradable plastics and increased investment in research & development. Development of innovative and eco-friendly plastomers, as well as increased demand for recycling infrastructure and technology would also propel growth.

The United Kingdom plastomers market is dominated by a small number of leading manufacturers, who control around 80% of share. Manufacturers from Asia Pacific are seeking to enter the United Kingdom market. They are partnering with established distributors, resulting in intense competition among distributors rather than manufacturers.

Plastomers are being increasingly used in the United Kingdom packaging industry, particularly in the production of flexible packaging materials. Growing popularity of flexible packaging, driven by high convenience and environmental concerns, is likely to push plastomers demand.

Plastomers are also being used in the production of healthcare products such as medical devices, drug delivery systems, and packaging materials. Growing demand for healthcare products on the back of rising aging population and increasing healthcare spending, is projected to augment plastomers sales.

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Key Takeaways from United Kingdom Plastomers Market Study:

The United Kingdom market of plastomers is projected to witness a CAGR of the magnitude of 6% from 2023 to 2033.
By product type, the ethylene octene segment is expected to surge at a rapid CAGR of 8% through 2033.
By application, the packaging segment is anticipated to flourish at 6% CAGR in the assessment period.
By processing type, the cast film segment is likely to experience a significant growth rate at a CAGR of 5% in the next ten years.
The United Kingdom plastomers market witnessed sluggish growth from 2018 to 2022 at a CAGR of 4.6%.

“Need for plastomers is anticipated to be fueled by the automotive industry’s adoption of fuel-efficient and electric/hybrid vehicles. Other elements driving demand include presence of numerous emerging players and technological breakthroughs & innovation. High demand for environmentally friendly and sustainable goods is also anticipated to spur growth.” – Says a lead analyst.

Competitive Landscape in United Kingdom Plastomers Market

Several plastomers manufacturers in the United Kingdom are investing heavily in research and development to improve the properties of their plastomers. They are striving to make their products more suitable for a wide range of applications. It includes developing new formulations, improving processing techniques, and exploring new applications for their products.

Plastomers manufacturers are also increasingly investing in marketing and branding to differentiate themselves in the market and build customer loyalty. It includes developing strong brand identities, creating targeted marketing campaigns, and offering value-added services to their customers.

A few new entrants are adopting sustainable practices such as using renewable energy sources, reducing waste, and improving recyclability of their products. It not only helps to reduce their environmental impact but also improves their reputation in the market.

For instance,

Borealis unveiled Borstar Nextension in October 2022, a patented technology that combines Borstar and Borstar Nextension catalysts. It makes it possible to produce a huge selection of specialized polyolefins. It also makes it easier to replace several materials with just one. It might lead to increased recyclability and encourage environmentally friendly design strategies.

Key Companies Profiled

ExxonMobil Corporation
INEOS
Borealis AG
LyondellBasell Industries N.V.
LG Chem Ltd
Dow Inc.
SABIC
SK United Kingdom
Mitsui Chemical
Westlake Chemical Corporation

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Get More Insights into the United Kingdom Plastomers Market Report

In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the United Kingdom plastomers industry, providing historical data from 2018 to 2022 and forecast statistics for the period 2023 to 2033. To understand the United Kingdom market potential, growth, and scope, it is segmented based on product type (ethylene butene, ethylene hexene, ethylene octene, ethylene propylene), processing type (blown film, cast film, extrusion lamination, extrusion molding, injection molding), application (packaging application, adhesive & sealants, wire & cable compounds, polymer modifiers, molded & extruded products, auto component parts, foam products & footwear, heavy duty bags, non-woven coatings, industrial liners), end-use industry (automotive, building & construction, compounding, consumer appliances, electrical & electronics, healthcare, food & beverages, agriculture), and country.

United Kingdom Plastomers Market Outlook by Category

By Product Type:

Ethylene Butene
Ethylene Hexene
Ethylene Octene
Ethylene Propylene
Others

By Processing Type:

Blown Film
Cast Film
Extrusion Lamination
Extrusion Molding
Injection Molding

By Application:

Packaging Application
Adhesive and Sealants
Wire and Cable Compounds
Polymer Modifiers
Molded and Extruded Products
Auto Component Parts
Foam Products and Footwear
Heavy Duty Bags
Non-woven Coatings
Industrial Liners
Other Applications

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.
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FMI Forecasts Surge in Global Styrene-Butadiene-Styrene (SBS) Block Copolymer Market, Anticipates Valuation to Exceed US$ 10.1 Billion by 2033

The global styrene-butadiene-styrene (SBS) block copolymer industry revenue is anticipated to reach US$ 10.1 billion by 2033, up from US$ 5.8 billion in 2023. Future Market Insight estimated a CAGR of 5.8% for the market between 2023 and 2033.

Growing demand for fuel-efficient vehicles is driving the demand for styrene-butadiene-styrene block copolymers in the automotive industry. The increasing adoption of the SBS block copolymer in the construction industry given its excellent weather and chemical resistance properties is fueling the market expansion.

The demand for adhesives and sealants is rising. This demand is seen in various applications such as paper & packaging, woodworking, and construction. This upsurge in demand is propelling the sales of styrene-butadiene-styrene block copolymers. There is also a rising demand for bio-based and sustainable products in various industries given the increasing environmental concerns.

The volatility of raw material prices is an important restraint for the market. The fluctuating demand in various regions given the changing consumer preferences and regulations may also hinder market growth. The availability of substitutes like polyurethanes and polypropylene also has the potential to limit market growth.

There is a growing trend toward the application of SBS block copolymer in footwear production. This material is being used for the manufacturing of shoe soles and components. The durability of the SBS block copolymer is a key property that makes it suitable for use in the production of footwear.

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Styrene-butadiene-styrene block copolymers are increasingly adopted in the medical industry. It is utilized for the production of different medical devices and equipment. The outstanding biocompatibility characteristics of the material are the reason for this trend. These copolymers are unlikely to cause harm or adverse reactions to the human body.

Key Takeaways

The styrene-butadiene-styrene block copolymer market in the United States is expected to upsurge at 5.7% CAGR during the forecast period.
The market in China is expected to thrive considerably, registering a CAGR of 5.7% from 2023 to 2033.
With a CAGR of 5.7% over the forecast period, the market in Japan is predicted to develop notably.
The market in South Korea is predicted to expand significantly between 2023 and 2033, reaching a CAGR of 4%.
The styrene-butadiene-styrene block copolymer industry in the United Kingdom is anticipated to rise profitably, exhibiting a CAGR of 5.5% through 2033.

Competitive Landscape:

Manufacturers in the styrene-butadiene-styrene block copolymer market are involved in producing and distributing SBS block copolymers. They conduct research and development activities to improve the properties of SBS block copolymers. Manufacturers also focus on developing personalized SBS block copolymers to meet the requirements of specific applications. In addition, they provide technical guidance and assistance to their customers to ensure the proper handling and usage of SBS block copolymers. They also create collaborative agreements with other market participants to work together on research and development activities as well as invest in manufacturing facilities.

Key Players Working in the Styrene-butadiene-styrene (SBS) Block Copolymer Market

Kraton Corporation
China National Petroleum Corporation
Kumho Petrochemical Co., Ltd
Lee Chang Yung Chemical Industry Corporation
LG Chem Ltd.

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Recent Developments:

Kumho Petrochemical revealed in August 2021 its intention to adopt a manufacturing strategy that incorporates recycled styrene monomer (RSM) as a raw material. RSM is obtained from waste polystyrene (PS) that has undergone pyrolysis, which is a sustainable and environment-friendly method.
Kraton Corporation revealed in March 2022 that it is going to partner with SABIC, a multinational chemicals enterprise, to manufacture renewable Styrenic Block Copolymers (SBC) that are certified by ISCC PLUS at Kraton’s manufacturing facility in Berre, France.

Styrene-butadiene-styrene (SBS) Block Copolymer Market Segmentation

By Type:

Thermoplastic Elastomer
Polybutadiene Rubber
Styrene Butadiene Rubber
Styrene-Butadiene-Styrene Rubber
Others

By Application:

Automobile
Electronics
Medical
Construction
Industrial
Others

By Region:

North America
Latin America
Europe
Asia Pacific
The Middle East and Africa(MEA)

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Rising Awareness of UV Radiation’s Impact Drives Demand Surge for Hindered Amine Light Stabilizers (HALS) in UV Protection Applications, Particularly in the Expanding Polyethylene Market

Hindered Amine Light Stabilizers (HALS) Market

According to Future Market Insight, the market would grow at a 6.4% CAGR between 2023 and 2033. Revenue from the Hindered Amine Light Stabilizers (HALS) industry is projected to increase from US$ 1.2 billion in 2023 to US$ 2.2 billion in 2033.

The demand for plastic packaging materials, automotive components and coatings, and agricultural films is increasing. The use of HALS is on the rise in commercial and industrial settings. These stabilizers are applied in various ways including in the production of UV-resistant coated plastics, wood products, and polymers.

For a variety of causes, the demand for paints and coatings has surged in recent decades. The largest rate of increase is anticipated in architectural coatings. The demand for additives such as hindered amine light stabilizers has been directly impacted by the use of architectural coatings. Throughout the forecast period, the market for hindered amine light stabilizers is anticipated to be driven by the increased demand for industrial coatings across a number of industries.

In many applications, plastic materials are utilized with increasing frequency. The design of plastic products is constantly evolving to meet changing requirements. To keep up with these demands, the plastic industry relies heavily on polymers, polymer blends, and polymer additives.

There has been a significant increase in demand for additives that improve the properties of plastics. This also includes protecting them from damage caused by exposure to UV light and high temperatures. Stakeholders in the plastics industry seek ways to improve product performance. HALS are gradually used to improve the durability and lifespan of plastic products.

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Given the increasing demand for packaged products along with the requirements of the automotive industry, the market is anticipated to continue its growth trajectory. To meet the need for high-quality, durable packaging materials and products, manufacturers are seeking additives like HALS that can provide excellent performance and withstand prolonged exposure to sunlight.

Consumers in both developed and developing countries have diverse mobility requirements. In the coming years, urbanization is anticipated to result in a rise in automobile ownership. This rise in car ownership is predicted to drive up demand for automotive refinish coatings.

Automotive refinish coatings serve the function of stabilizing paint in various conditions, including exposure to UV rays, humidity, and pollutants. HALS are increasingly used to prevent automotive paint degradation, yellowing, and chalking caused by UV light. They efficiently preserve the sheen of the paint and improve its resistance to various weather conditions. This is likely to open opportunities for market players.

Key Takeaways in Hindered Amine Light Stabilizers (HALS) Market Study

The hindered amine light stabilizers market in the United States is expected to upsurge at 6.4% CAGR during the forecast period.
The market in the United Kingdom is anticipated to rise profitably, exhibiting a CAGR of 6.2% through 2033.
The market in China is expected to thrive considerably, registering a CAGR of 6.3% from 2023 to 2033.
With a CAGR of 6.3% over the forecast period, the market in Japan is predicted to develop rapidly.
The market in South Korea is predicted to expand significantly between 2023 and 2033, reaching a CAGR of 6.1%.

Competitive Landscape in Hindered Amine Light Stabilizers (HALS) Market

Hindered amine light stabilizers market players are engaged in the production, distribution, and sale of HALS products. They are also involved in the research and development of new and innovative HALS solutions. They also invest in offering high-quality and cost-effective products to maintain a competitive edge. Moreover, market players aim to expand their global presence. They achieve this by forming strategic alliances, collaborating with other industry players, and acquiring other companies.

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Recent Developments

In July 2022, BASF and 3T Industries Sdn Bhd facilitated pineapple plantations in Malaysia to upturn their produce and save resources. To stabilize recycled plastics that were used to shield pineapples from sunburn, 3T Industries deployed BASF’s IrgaCycle™
SI Group introduced ETHANOX® 4737R, a new fuel antioxidant blend, in May 2019. The product was designed to offer several benefits to function in different weather conditions. ETHANOX® 4737R is particularly effective at stabilizing gasoline and aviation fuel.

Key Players in the Hindered Amine Light Stabilizers (HALS) Market

BASF SE
Adeka Corporation
Mayzo, Inc.
SI Group, Inc.
Addivant

Hindered Amine Light Stabilizers (HALS) Market Segmentation

By Application:

Packaging
Automotive
Agriculture Films
Construction
Others

By Type:

Polymeric
Monomeric
Oligomeric

By Region:

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

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Global PV Module Encapsulant Film Sales Projections Point to a Whopping US$ 4.2 Billion Valuation by 2033

The global PV module encapsulant film market revenues are estimated to reach US$ 2.6 Billion in 2023. Over the projection period, global module film sales are likely to soar at 4.7% CAGR. By the end of 2033, the market is expected to reach a valuation of US$ 4.2 Billion. Rapid shift towards renewable energy sources such as solar energy is a key factor that will drive the global market forward. Energy consumption is rising dramatically, particularly in developing nations. According to the International Energy Agency (IEA), more than 1.3 Billion people lack access to electricity because of a lack of infrastructure. There is an urgent need for more energy to support strong and competitive economic development and growth. This is prompting countries to develop and expand their renewable energy sources.

To reduce interdependence on fossil fuels, various countries are planning the deployment of multi-gigawatt (GW) solar power plants. High adoption of photovoltaic modules or solar panels will in turn elevate demand for PV module encapsulant films.

The benefits of solar photovoltaic (PV) modules, including their high dependability, lack of fuel use, low maintenance requirements, and reduced noise pollution, have drawn significant attention.

Thanks to its wider availability, solar photovoltaic technology is currently the most economical method of producing power. To achieve global energy and environmental goals, the use of solar photovoltaic modules is drastically increasing.

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The generation of clean, sustainable, and renewable energy from sunlight is mostly dependent on PV modules. As the demand for PV modules is increasing, so will the demand for PV module encapsulant films. This will expand the global PV module encapsulant film industry.

Key Takeaways from the PV Module Encapsulant Film Market Study:

The global market for PV module encapsulant films is forecast to reach a valuation of 4.2 Billion by 2033.
Global sales of PV module encapsulant films are likely to surge at 4.7% CAGR through 2033.
Based on material, ethyl vinyl acetate segment is set to exhibit a CAGR of around 5.1% through 2033.
China’s PV module encapsulated film market is expected to exceed a valuation of US$ 674 million by 2033.
PV module encapsulant film demand in Italy is likely to increase at 5.6% CAGR through 2033.
The United States PV module encapsulant films market value is forecast to reach around US$ 609 million by 2033.

“Rapid shift towards renewable energy sources such as solar power will generate high demand for PV module encapsulant films during the next ten years. Favorable government and regulatory environment are expected to provide massive growth opportunities to manufacturers that can innovate to meet the demands of sustainability from various consumer sectors.” says an analyst from Future Market Insights (FMI).

Who is Winning?

Leading PV module encapsulant film manufacturers’ profile in the reports include

3M
Borealis
Changzhou Betterial Film Technologies Co., Ltd.
Jiangsu Sveck Photovoltaic New Material
Hangzhou First Applied Material
Shanghai HIUV New Materials
Mitsui Chemicals Company
Arkema
Cybrid Technology
Topray Solar
Coveme
RenewSys
H.B. Fuller
TPI Polene
Guangzhou Lushan New Materials

New product development, investments in research & development, partnerships, agreements, and collaborations are few of the key strategies employed by leading companies.

Recent developments:

In November 2022, a joint innovation signing ceremony was held by Jiangsu Sveck New Materials Co., Ltd., Changzhou EGING PV Technology Co., LTD., and China Quality Certification Center.

The aim was to promote the integrated development of the photovoltaic industry and innovative chain, with a focus on the new corrosion-resistant encapsulant film of the Sveck ‘TS’ series and the photovoltaic module of the ‘Star Pro’ series.

In May 2022, Sveck New Materials Co., Ltd. started promoting the use of POE-based encapsulate solutions for bifacial applications. The company has developed a multilayer EVA-POE-EVA co-extruded film structure for bifacial modules as a supplier of EVA and POE encapsulation materials.

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More Insights Available:

Future Market Insights (FMI), in its new offering, presents an unbiased analysis of the PV module encapsulant film market, presenting historical market data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.

The study reveals extensive growth in PV module encapsulant film in terms of weight (below 400 g/m2, 400 to 475 g/m2, above 475 g/m2), material type (ethyl vinyl acetate, polyolefin elastomer, polyvinyl butyral), application (mono facial PV module, bifacial PV module), thickness (0.2 to 0.4mm, 0.4 to 0.6mm, 0.6 to 0.8mm), and end use (commercial, industrial, residential) across various regions.

Segmentation of the Global PV Module Encapsulant Film Market

By Weight:

Below 400 g/m2
400-475 g/m2
Above 475 g/m2

By Material Type:

Ethyl Vinyl Acetate (EVA)
- Transparent EVA
- White EVA
- Anti-PID EVA
Polyolefin Elastomer (POE)
Thermoplastic Polyolefin (TPO)
Polyvinyl Butyral (PVB)

By Application:

Monofacial PV Module
Bifacial PV Module

By Thickness:

0.20-0.40 mm
0.40-0.60 mm
0.60-0.80 mm

By End-Use:

Commercial
Industrial
Residential

By Region:

North America
Latin America
Europe
East Asia
South Asia & Oceania
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 5,000 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 Green Coatings Market Predicted to Hit US$ 213.83 billion Valuation by 2033, Reveals Future Market Insights Report

The increasing awareness and emphasis on adopting sustainable solutions are expected to boost market growth during the forecast period. According to the research report published by Future Market Insights, the global Green Coatings industry is projected to be worth US$ 131.27 billion in 2023. It is likely to reach a valuation of US$ 213.83 billion by 2033. The market is anticipated to showcase an average CAGR of 5% from 2023 to 2033.

The increasing infrastructural development across developing nations such as India, Brazil, China, Italy, and others is expected to create lucrative growth opportunities. The increasing product demand in industrial and automotive applications across these nations is likely to create high demand for waterborne green coatings. Additionally, the rising construction industry is expected to foster growth in the market. Green coatings are used in construction activities as they uplift indoor air quality and promote healthier living and working environments. They are applied on panels, windows, roofs, interior extrusions, and walls as decorative and protective paints.

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The rising innovations and developments in production methods are expected to boost market development in the coming years. The development of green coatings with improved properties, such as increased adhesion, durability, and weather resistance, is predicted to generate higher revenues. Furthermore, the increasing implementation of government regulations in the coatings industry is expected to bode well for the market. Several nations have implemented regulations and certifications, such as Leadership in Energy & Environmental Design (LEED), to limit the use of VOCs and promote environmentally friendly coatings.

Key Takeaways from the Green Coatings Market:

The green coatings market expanded at a CAGR of 4.8% from 2018 to 2022.
The global market size stood at nearly US$ 102.85 billion in 2018.
In 2022, the market witnessed significant growth, accounting for US$ 125.02 billion in 2022.
The waterborne technology segment in green coatings is poised to garner a huge market share.
The automotive industry is likely to be a huge contributor to the escalating green coatings demand.
The green coatings market in Asia Pacific is expected to expand swiftly during the forecast period. India is likely to be the frontrunner in the Asia Pacific region.

Recent Developments Observed by FMI:

Nippon Paint China and BASF partnered in August 2022 to launch Joncryl HPB. It is the first water-based barrier coating that BASF has introduced for use in industrial packaging in China.
In August 2021, Dulux, a brand of AkzoNobel, introduced a USDA-certified super-premium interior emulsion in India. It is India’s first paint made from biomaterials that purify indoor air.

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Market Segmentation

Market by Technology:

Radiation-cure Green Coatings
High-solids Green Coatings
Powder Green Coatings
Waterborne Green Coatings

Market by Application:

Green Coatings in Product Finishes
Green Coatings in Packaging
Green Coatings in Wood
High-performance Green Coatings
Industrial Green Coatings
Automotive Green Coatings
Architectural Green Coatings

Market by Region:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

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Algaecides Industry Set to Surge to US$ 5.09 Billion by 2033, Fueled by Environmental Concerns and Regulatory Measures

The algaecides industry size is projected to have a value of US$ 3.04 billion in 2023 and reach a worth of US$ 5.09 billion by 2033. It is expected to see a steady growth rate of 5.3%.

The increase in industrialization has caused effluents to be released into land and water bodies, where they serve as a breeding ground for algal growth that worsens the local environment’s biology. Algal growth can have a negative effect on the environment and cause degradation if left untreated for an extended period. The demand for algaecide to treat these algae species has helped the market expansion as a result of the strict environmental regulations and efforts to control the growth of various species of algae.

Due to growing concern and awareness about the preservation of the environment and ecosystem in the region, Asia Pacific is currently dominating the market. The demand for algaecides in the region is being driven by the expanding activities of water treatment programs and the manufacturers’ involvement in developing new algaecides products.

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Although the use of algaecides on a large scale can also harm the environment, constant monitoring by the relevant authorities is done to ensure that the algaecides are used as effectively as possible. This adds to the restrictions on the usage of these algaecides and necessitates reporting to the relevant authorities over the use of algaecides. These elements could impede the market for algaecides from expanding.

Key Takeaways

The algaecides market is expected to experience significant growth in the coming years, driven by the increasing demand for clean and safe water sources.
The growth of recreational water activities, such as boating and fishing, is driving the demand for algaecides in these applications.
The use of algaecides in agriculture is expected to increase as farmers look to maintain high-quality crops and reduce the risk of algae-related problems.
The use of algaecides can help improve water quality and reduce the risk of algae-related problems in various water bodies, including lakes, rivers, and reservoirs.
The demand for algaecides is expected to increase in various other applications, such as wastewater treatment and drinking water treatment.
The increasing demand for clean and safe water sources and the growth of recreational water activities are expected to drive the demand for algaecides in all application segments.

Competitive Landscape

The competitive landscape of the algaecides market is highly fragmented, with leading players operating in the market. A few of the key players operating in the market include BASF SE, Solvay SA, Dow Chemical Company, Huntsman Corporation, Akzo Nobel N.V., and others.

In recent years, the algaecides market has witnessed the entry of several new players, particularly startups, in the market. The startup ecosystem in the algaecides market is growing, with many new companies exploring innovative solutions for the treatment of algae in various applications. These startups are leveraging advanced technologies such as biotechnology and nanotechnology to develop eco-friendly and cost-effective solutions for controlling algae growth.

Partnerships, collaborations, and mergers & acquisitions have become common strategies among the established players in the market, which has further intensified the competition in the market. The market is also witnessing an increasing trend of customization, as customers are demanding customized solutions that are tailored to their specific needs and requirements.

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Recent Developments

Lonza and ALSA ventures collaborated in May 2022 to provide biotech firms with development and manufacturing services. Lonza provides services to ALSA Ventures’ portfolio companies to help with de-risking, early development, and manufacturing of next-generation modalities. This assists the company in expanding its operations.

SePRO Corporation, a leader in the aquatics industry, signed an agreement in October 2020 to acquire Applied Biochemists and Marine Biochemists, innovators in surface water management, as well as other select business assets from Innovative Water Care, LLC d/b/a Sigura. This enabled the company to access a new set of resources to accelerate ongoing innovation and customer engagement.

Key Segments

Type:

Copper Sulfate
Quaternary Ammonium Compounds
Chelated Copper
Peroxyacetic Acid & Hydrogen Dioxide
Dyes & Colorants
Others

Form:

Liquid
Dry

Mode of Action:

Non-selective
Selective

Application:

Surface Water Treatment
Aquaculture
Sports & Recreational Centers
Agriculture
Others

Distribution Channel:

Direct
Indirect

Region:

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

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Nandini Singh Sawlani

Global Intracardiac Echocardiography Industry Surpassing US$ 1,228.2 Million by 2033, Propelled by a Steady 5.8% Annual Growth

In a groundbreaking revelation, Future Market Insights (FMI) has unveiled a promising forecast for the Global Intracardiac Echocardiography Industry. According to the latest FMI analysis, the industry, valued at US$ 660.6 million in 2022, is poised to reach an estimated US$ 1,228.2 million by 2033, marking an impressive Compound Annual Growth Rate (CAGR) of 5.8% over the decade.

The year 2023 is expected to witness a significant stride, with the projected industry worth soaring to US$ 698.9 million. This momentum is set to continue, propelled by a robust CAGR of 5.8% from 2023 to 2033, painting a compelling picture of growth and innovation within the Global Intracardiac Echocardiography Industry.

Global Intracardiac Echocardiography Industry: Key Players

Some of the key players present in the Global Intracardiac Echocardiography Industry include Abbott Boston Scientific Corporation, Koninklijke Philips N.V., Infraredx™, Inc. Kaixin, and others.

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Intracardiac Echocardiography: Market Dynamics

Intracardiac echocardiography is one of the increasing imaging technologies that is being used to guide percutaneous interventional procedures. These are being widely used for the treatment of interatrial septal abnormalities and also aid in electrophysiological procedures. Furthermore, these imaging devices are also being used for finding intracardiac structures, which is thus used in other procedures like myocardial biopsy and paravalvular leak closure. The main driver of intracardiac echocardiography over transoesophageal echocardiography is the treatment of atrial septal defects that eliminates the need for general anesthesia. Additionally, they also produce images that are clear and crisp, with shorter procedure time, reduced hospital stays, and radiation doses. One primary restraint of the Global Intracardiac Echocardiography Industry is the additional catheter cost, which can be negated by improvising turnaround times and reducing personnel costs. However, the Global Intracardiac Echocardiography Industry is expected to show promising growth due to the increasing prevalence of cardiovascular diseases, the geriatric population, and the use of advanced technologies in interventional cardiology.

Additionally, the accuracy and efficiency of intracardiac echocardiography is one of the primary factors in the growth of the market. Portability and compactness of the intracardiac echocardiography is anticipated to drive the market revenue of the Global Intracardiac Echocardiography Industry. An increase in several minimally invasive cardiac procedures and the high adoption rate of intracardiac echocardiography are also factors that are anticipated to boost the market growth. However, lack of awareness regarding the intracardiac echocardiography imaging devices and inadequate reimbursement may hamper the growth of the intracardiac echocardiography market during the forecast period.

Intracardiac Echocardiography Industry: Region-wise Outlook

Based on regional presence, the Global Intracardiac Echocardiography Industry is segmented into five key regions viz. North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa. North America is anticipated to dominate the intracardiac echocardiography market due to new product innovations, and awareness of products by organizing medical conferences. Europe is expected to be the second largest market for the Global Intracardiac Echocardiography Industry due to high-end funding and support for innovative and development activities, also focusing on having high consolidation and a large research base. Both the East and South Asian market is also expected to grow at a higher growth rate owing to changes in lifestyle, increased population growth, increased healthcare spending, and tremendous growth in research and development. These factors are likely to drive the market growth of the global Intracardiac Echocardiography Industry during the forecast period globally.

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The report covers an exhaustive analysis on:

Market Segments
Market Dynamics
Market Size
Current Trends/Issues/Challenges
Competition & Companies involved
Value Chain

The regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, UK, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe (Poland, Russia)
Asia-Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
Japan
The Middle East and Africa (GCC, S. Africa, N. Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic 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.

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Global Intracardiac Echocardiography Industry: Segmentation

Segmentation by Product Type:

Phased-array ultrasound Transducer tipped Catheter
Mechanical ultrasound transducer-tipped Catheter

Segmentation by Application Type:

Electrophysiology
Left atrial Appendage Closure
Closure of Paravalvular leaks
Transcatheter aortic valve implantation
MitraClip implantation and mitral valvuloplasty
Others

Segmentation by Age Type:

Adult
Pediatric
Neonatal

Segmentation by End User Type:

Hospitals
Cardiac Centers
Clinics
Ambulatory Surgical Centers
Others

Report Highlights:

Detailed overview of the parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current, and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is 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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Global Sleep Screening Devices Industry to Reach New Heights with a Projected 6.6% CAGR, Surpassing US$ 17.5 Billion by 2033 | FMI

According to the Future Market Insights report, the Global Sleep Screening Devices Industry t is set to expand at a Compound Annual Growth Rate (CAGR) of 6.6% between 2023 and 2033, reaching an estimated size of US$ 17,564.5 million by 2033. This forecast demonstrates the industry’s resilience and potential to cater to the evolving needs of consumers.

The anticipated size of the sleep screening devices market in 2022 was US$ 8,733.5 million, and the market is estimated to grow to US$ 9,298 million in 2023. These figures underscore the continuous upward trajectory of the industry, indicating a promising future for stakeholders and investors.

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The Sleep Screening Devices market report contains critical information and forecast statistics that will provide both existing and emerging market players with the necessary insights to craft long-term strategies and maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.

COVID-19 Impact Analysis on Global Sleep Screening Devices Industry

The recent COVID-19 outbreak has focused attention on the healthcare industry, affecting the Global Sleep Screening Devices Industry. Severe shortages of critical medical supplies, combined with an increase in the number of COVID-19 cases, have resulted in a revolution rather than an evolution in healthcare ecosystems. As a result, the impact is visible in the Global Sleep Screening Devices Industry.

Doctors are delaying or postponing elective surgeries unless absolutely necessary to prevent the spread of the virus to individuals with comorbidities or chronic conditions, by government measures, particularly social distancing norms and stay-at-home orders. Furthermore, movement restrictions and disruptions in supply chains have created a logistical nightmare for market participants, resulting in severe product shortages in the global marketplace.

The FMI report contains an interesting chapter on the preliminary impact of COVID-19 on the market for Sleep Screening Devices. This enables both leading and emerging market players to comprehend the market scenario during a crisis and to make sound decisions to gain a distinct competitive advantage.

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Global Sleep Screening Devices Industry: Segmentation

Valuable information covered in the FMI’s Sleep Screening Devices market report has been segregated into key segments and sub-segments.

By Product Type:

Sleep Monitors
Type IV
Type III
Type II
Wearables
Headband Devices
Wrist Devices & Hand Bands Devices
Ring Devices
Sleep Mask Tracker Devices
Non-wearables
Bedside Non-Wearable Devices
Under Sheet Non-Wearable Devices
Under Mattress Non-Wearable Devices
Smart Sleep Equipment
Smart Mattresses and Pillows
Smart Beds

By Application:

Circadian Rhythm Disorders
Sleep Deprivation
Narcolepsy
Sleep Apnea
Insomnia

By Distribution Channel:

Hypermarkets and Supermarkets
Retail Stores
Pharmacy
Online

Global Sleep Screening Devices Industry: Competition Analysis

The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Sleep Screening Devices market. Competitive information detailed in the Sleep Screening Devices 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 Global Sleep Screening Devices Industry report.

Key players covered in the report include:

Dream Sleep
NovaSom
VirtuOx
Koninklijke Philips
SleepWorks
Itamar Medical (ZOLL Medical)
ApneaMed
Garmin
ResMed
Cleveland Medical Devices

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Important Questions Answered in the Global Sleep Screening Devices Industry Report

Which end-user remains the top revenue contributor in different regional markets?
At what rate has the Global Sleep Screening Devices Industry been expanding during the forecast period?
How will the Global Sleep Screening Devices Industry look like by the end of the forecast period?
What innovative strategies are Sleep Screening Devices market players adopting to stay ahead of the pack?
What are the restraints affecting the growth of the Global Sleep Screening Devices Industry?

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 the necessary information to take critical decisions
Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Sleep Screening Devices market

Author

Identifying key challenges clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 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 Automated Sample Storage Systems Industry Anticipates Phenomenal 11.6% CAGR, Envisioning a US$ 3298.7 Million Market by 2033 | FMI

In a monumental revelation, the Global Automated Sample Storage Systems Industry is poised for an unprecedented surge, foreseeing a valuation of US$ 1100 million in 2023. This significant advancement is propelled by a robust Compound Annual Growth Rate (CAGR) of 11.6%, following the industry’s estimated value of US$ 1004.7 million in 2022, marking an impressive ascent.

The escalating demand for automated sample storage systems is driven by a myriad of factors, with their multifaceted advantages positioning them as indispensable assets in laboratories, particularly in chemistry and life sciences. These systems showcase exceptional capabilities in efficiently handling substantial volumes of fragments, thereby revolutionizing the landscape of scientific research.

Automated sample storage systems herald a paradigm shift in sample preservation. These state-of-the-art, computer-controlled devices provide a seamless solution for storing and retrieving samples as needed. By lowering sample temperatures below the glass transition phase of water, these systems effectively arrest all metabolic activities, ensuring prolonged storage durations.

The spectrum of sample storage solutions is diverse, from manually controlled and relatively simple storage devices to large, computer-controlled automated systems. The implementation of automated systems not only slashes labor costs but also reduces essential workforce requirements. Moreover, these systems enhance workplace safety by eliminating personnel exposure to challenging working conditions, such as those found in cold storage environments.

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Various sample storage service providers are also increasing their market as a large number of samples can be stored in one place instead of installing devices in separate institutes such as the development of regional and national biobanks. Demand for automated sample storage systems is more for clinical research purposes. These systems are designed to overcome several problems in sample collection and storage. It stores a variety of labware, including a wide variety of microtubes, cryovials, and blood tubes, some systems can store more than 10 million samples. The machine size varies from M to XL. Robotic systems are also nowadays integrated along with the system in many workstations.

Global Automated Sample Storage Systems Industry: Drivers & Restraints

The automated sample storage market is anticipated to have linear growth proportional to the increase in several life science and pharmaceutical research activities globally. These automated sample storage systems have overcome the shortcomings of storing in liquid nitrogen. These automated freezer systems check any significant temperature rises, thus the freeze-thaw cycles are restricted and potential sample degradation is prevented.

These type of advantages associated with the automated sample storage system drives its market. The rise in funding in the research sector also increases its market. High installation and maintenance cost limits the market expansion. Uninterrupted electricity problem in some regions also limits its installation. Maintaining a large and highly integrated system also requires training and experience. Companies often experience significant ongoing costs for the maintenance and updating of various subsystems.

Global Automated Sample Storage Systems Industry: Overview

Automated sample storage systems have created a requirement for effective storage practices and standard operating procedures. The requirement of maintaining sample integrity and viability by adopting new storage methodologies and solutions assures better sample quality for the research community and thus proliferates the market of automated sample storage systems.

Demand for these products is also increasing in the manufacturing industries for storing large-scale industrial samples mostly in the biopharmaceutical and chemical industries. Vendors such as Biomatrica and IntegenX, Inc. are also involved in developing reagents for stabilizing the DNA and RNA to keep them last long under ambient temperature. This process effectively eliminates the need for freezer units and extra storage space.

Automated Sample Storage Systems Industry: Region-wise Outlook

North America and European regions are established markets with a large number of global key players and several established biobanks in the region.

The ongoing research and development activities and huge funding in commercial manufacturing in the region are fueling the demand for highly advanced laboratory and research solutions In addition, a huge number of biopharmaceutical research is also carried out in these nations thus requiring large storage units for sample storage.

Asia Pacific has a growing demand in this business sector and a time for marketing and business development in these countries as these nations will proliferate in the future because of the growing economy and continuous investment in various research facilities.

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Global Automated Sample Storage Systems Industry: Key Players

Various companies are involved in the manufacturing and distribution of devices for automated sample storage systems. Some of the companies are involved in providing services for storing samples such as various biobanks. Several global key players in this industry are Hamilton Company, Biomatrica Inc., IntegenX, Inc., Brooks Automation, Inc., TTP Labtech, Swisslog, Thermo Electron Corporation, Angelantoni Life Science, and others.

The report covers an exhaustive analysis on:

Market Segments
Market Dynamics
Market Size
Current Trends/Issues/Challenges
Competition and companies involved
Value Chain

The regional analysis includes:

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

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Global Automated Sample Storage Systems Industry: Segmentation

Segmentation by Product Type

System Unit
Reagents and consumables

Segmentation by End User

Hospitals
Diagnostic Labs
Chemical Industries
Biopharmaceutical Industries
Research Laboratories.

Report Highlights:

Detailed overview of the parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current, and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint.

Author

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a 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.

Contact Us:

Nandini Singh Sawlani

Global Dental Autoclaves Industry on a Path to Impressive Growth with 5.1% CAGR, Expected to Hit US$ 500.3 Million by 2033 | FMI Insights

The Global Dental Autoclaves Industry is poised for a substantial upswing, with industry analysts forecasting a formidable 5.1% Compound Annual Growth Rate (CAGR) over the upcoming years. Projections indicate a noteworthy market valuation, soaring to an impressive US$ 500.3 million by 2033, showcasing substantial growth from the estimated US$ 304.2 million by the end of 2023.

In the realm of healthcare, where preventing contamination is paramount, the dental sector stands as no exception. The proliferation of dental infections is effectively curbed through extensive sterilization processes, with steam and vacuum procedures playing a pivotal role in ensuring the safety of dental equipment and instruments. This is facilitated by advanced dental autoclave systems, which are becoming increasingly integral to modern dental practices.

The growth trajectory of the dental autoclave market is intricately tied to the increasing burden of dental diseases. This surge can be attributed to evolving lifestyle habits and dietary changes among individuals. The prevalence of general dental ailments, such as dental caries or malocclusion, serves as a key driving force behind the escalating adoption of routine dental procedures. Among these procedures, dental scraping, enabled by cutting-edge autoclave technology, plays a vital role in maintaining oral health.

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With advancements in medical device manufacturing integrated digital systems, dental autoclave devices enable the safe and time-efficient process of sterilization. These systems are capable of providing sterilization data with each cycle and hence improve the efficacy of dental autoclave systems.

Increasing preference for cosmetic dentistry procedures is expected to create opportunities for growth in the market. With seemingly novel and non-interactive instrument composition, such as with stainless steel and nickel-titanium, the process of steam and vacuum sterilization presents an opportunistic approach in terms of the instrument and material integrity, as the instruments have a certain heat-based resistance during the autoclave cycle.

Reduced process timings, better visualization of sterilization data, and the cost-effectiveness of autoclaving systems will continue pushing sales in the market over the forecast period.

Global Dental Autoclaves Industry Key Takeaways:

By product type, the fully automated sterilizers segment will account for 46% of the total market share by 2032, with demand growing at a 5.9% CAGR.
In terms of modality, total sales of table-top modalities of dental autoclaves held a dominant market share value of 65.9% in 2021. Sales in this segment are projected to increase at a 5.5% CAGR.
By loading, demand for front-loading dental autoclaves is expected to grow at a CAGR of 5.5% over the forecast period.
Based on end users, office-based dental clinics will account for 37.4% of the total market share in 2022.
Sales in the U.S. are estimated to account for 81.8% of the North American dental autoclave market share in 2022.
Demand in the U.K. is projected to increase at a 5.5% CAGR, accounting for a lion’s share of the European dental autoclave market over the forecast period.
China will emerge as a lucrative pocket in the East Asia dental autoclave market, with sales growing at a robust 10.8% CAGR through 2032.

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Global Dental Autoclaves Industry Competition Landscape

Leading players operating in the Global Dental Autoclave Industry are focusing on the introduction of novel or technologically advanced products to gain a competitive edge in the market. For instance:

In October 2021, Euronda obtained its Medical Device Registration (MDR) certification and became one of the first Italian companies with MDR certification for all its medical devices.
In March 2021, Mocom announced the opening of its new showroom and training center headquarters including autoclaves, ultrasound tanks, thermal sealers, and thermal disinfectors in Imola.

Key Market Segments Covered in Global Dental Autoclaves Industry Research

By Product:

Steam Autoclave Sterilizers
Electric Sterilizers
Fully Automated Sterilizers

By Modality:

Table-top
Portable

By Loading:

Top Loading
Front Loading
Pass-Through

By End User:

Hospitals
Ambulatory Surgical Centres
Office Based Dental Clinics
Group Practice

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Author

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 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