Market Research Blog – Page 3775 – New Product Development

Unraveling the Path to a Projected US$ 49.19 Billion Hunting Equipment & Accessories Market by 2033 | FMI`

The global hunting equipment & accessories market is projected to grow at a compound annual growth rate (CAGR) of 7.8%, with a projected valuation of US$ 23.21 billion in 2023. Due to advancements in technology, the hunting equipment market is projected to reach US$ 49.19 billion by 2033.

Increasing attraction of a consumer towards outdoor recreational activities due to fast paced work life and the need for stress reduction. Moreover, increased urbanization and increasing health consciousness have significantly intensified the public participation in hunting activities.

These factors are expected to fuel the global hunting supplies & equipment market during the forecast period. It is major market foster factor as increased popularity of hunting and fishing as well as widespread use of lead-free ammunition to prevent harm on wildlife finds its way into commercial water sources. North America speaks about a significantly high market share that increases with higher growth rate because the region’s all markets are getting better and even now .Thus, players can have a great chance to better their security and strengthen their stand in the competitive market.

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Key Takeaways from the Market Study

As of 2023, the hunting equipment & accessories market was valued at US$ 23.21Billion
From 2023 to 2033, the industry is poised to grow at a 7.8% CAGR
By 2033, hunting equipment & accessories market is slated to reach a valuation of US$ 49.19Billion
By distribution channel, the specialty stores segment accounted for the largest share of 8.1% and is expected to continue this trend over the forecast period.
China is poised to yield a CAGR of 8.1% with respect to hunting equipment & accessories in 2033

“Growing per capita income and increased spending on recreational activity are expected to radically transform the hunting equipment & accessories market in the coming years,” comments an analyst at FMI.

Competitive Landscape

American Outdoor Brands Corp., Beretta Holding SA, BPS Direct LLC, . Buck Knives, Inc., Dick’s Sporting Goods, Inc., SPYPOINT, Under Armour, Inc., Spyderco, Inc., Sturm Ruger & Co. Inc., Vista Outdoor Inc. are some of the key players in the hunting equipment & accessories industry.

These players are continuously adopting various strategies such as new product launches, facility expansions, mergers, collaborations, partnerships, and acquisitions to increase their revenue share and gain a competitive edge in the market. for instance,

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In October 2022- Vista Outdoor Inc. has officially welcomed Ganka Inc., a leading distributor of high-quality outdoor clothing & accessories, as a new licensee partner. Ganka represents an extensive line of leading br&s, & this partnership is designed to provide essential apparel & footwear to hunters, hikers & outdoor enthusiasts.
In August 2022 – Sturm, Ruger & Company, Inc. introduce the lightweight, compact Ruger® LC Carbine™ chambered in 5.7x28mm. The compact nature of this carbine owes to its bolt-over-barrel design & feeding through the grip. The Ruger LC Carbine has a full 16.25″ barrel, features a reversible side-folding stock adjustable for length of pull, and is compatible with Picatinny rail-mounted accessory stocks. The stock & Rapid Deploy adjustable sights can be folded for storage.

More Valuable Insights Available

FMI, in its new offering, presents an unbiased analysis of the hunting equipment and accessories market, presenting historical demand data (2018-2022) and forecast statistics for the period of 2023-2033.

The study divulges essential insights on the Hunting Equipment & Accessories Market by Market by Product Type (Gun, Riffle, Archery, Ammunition, Auxiliary Equipment, Other) by Distribution Channel (Supermarket/Hypermarket, Speciality Stores, Online, Other) by End-User (Individual, Commercial) and by Region

FMIs Domain Knowledge in Consumer Product

Our consumer product consulting team guides organizations at each step of their business strategy by helping you understand how the latest influencers account for operational and strategic transformation in the industrial automation sector.

Our expertise in recognizing the challenges and trends impacting the global industrial automation industry provides indispensable insights and support – encasing a strategic perspective that helps you identify critical issues and devise appropriate solutions.

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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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Safety Eyewear Market Anticipated to Reach US$ 7 Billion Across Industries by 2033 | FMI

The worldwide safety eyewear market is expected to garner a market value of US$ 4 Billion in 2023 and is expected to accumulate a market value of US$ 7 Billion by registering a CAGR of 5.8% in the forecast period 2023 to 2033.

the safety eyewear market is flourishing due to a heightened emphasis on occupational safety across diverse industries. The escalating demand for protective eyewear is driven by increased awareness of the potential risks to eyes in various work environments. Sectors such as construction, manufacturing, healthcare, and laboratories are pivotal contributors to the market’s growth.

The implementation of stringent safety regulations and standards further accelerates the adoption of safety eyewear. As a result, the safety eyewear market is poised for continued expansion, offering substantial opportunities for manufacturers and stakeholders in the realm of occupational safety.

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Furthermore, HAIs affect approximately 3.2 million patients per year on average. Such incidents motivate the use of safety eyewear.

During the forecast period, the market is expected to be driven by an increase in funding for research on the diagnosis of infectious diseases.

Key Takeaways from the Market Study

FMI projects the global Safety Eyewear market to expand at a 5.8% value CAGR by 2033
The global Safety Eyewear market is estimated at a market value of US$ 4 Billion
As per the safety eyewear market size analysis, the global Safety Eyewear market is expected to garner a market value of US$ 7 Billion
Asia Pacific is expected to be the most lucrative for safety eyewear market growth during the projection period
During the projection period, North America is estimated to grow at a CAGR of 5.5%.
Europe is expected to grow at a CAGR of 5% during the projection period
The industrial manufacturing category is expected to hold the greatest share of the safety eyewear market in the forecast period 2023-2033.

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“Governments have developed criteria for the safety of experts in many regions and sectors, which is expected to boost the safety eyewear market. In addition, an increase in the frequency of catastrophes at work locations is expected to drive the market. “Says an analyst at FMI

Market Competition

Key players in the safety eyewear market are Kimberly-Clark Corp., MCR Safety, Honeywell International, Inc., UVEX Winter Holding GmbH & Co., KG, Medop SA, 3M Company, Bolle Safety, Radians, Inc., Pyramex Safety Products LLC and Gateway Safety, Inc.

Recent Development:

In August 2022, UVEX debuted the uvex-i line of safety eyewear, which protects employees against a wide range of occupational risks. The eyewear has broad, flat lenses for an unobstructed field of view, as well as an expanded side shield for further protection against threats. Uvex manufactures this line of eyeglasses using sustainable raw materials derived from the castor oil plant and electricity derived from biomass sources.
In July 2022, Bollé Safety introduced a new high-clarity lens dubbed Comfort Sense Perception to safeguard employees under all situations. The new technology is available in seventeen lens tints and a wide range of SKUs that are adaptable to indoor, indoor/outdoor, and outdoor work situations. It improves sight, visual comfort, and definition. The technology protects the eyes while improving vision in all light-sensitive situations, such as UV, glares, LED, welding gas, and low contrast.

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the global Safety Eyewear market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023-2033.

The study reveals essential insights on the basis of by Product (Prescription, Non-prescription), by Application (Construction, Industrial Manufacturing), across five major regions (North America, Europe, Asia Pacific, Central & South America and Middle East & Africa).

About the Consumer Product at Future Market Insights

The consumer product team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

Authored by:

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

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

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Nandini Singh Sawlani

Reefer Container for Pharmaceutical Market Demand: Industry Anticipated US$ 11,699.63 Million by 2032

The global Reefer Container for Pharmaceutical Market is poised to experience steady growth, marked by a moderate yet consistent compound annual growth rate (CAGR) of 12.5% throughout the forecast period. As of 2022, the market is currently valued at a substantial US$ 3,602.85 million, and its trajectory suggests a robust upswing, with anticipated demand propelling it to reach an impressive US$ 11,699.63 million by 2032.

The surging demand for multimodal transportation emerges as a pivotal driver fueling the growth of the reefer container market, particularly for pharmaceutical products. This demand stems from various factors, including the requirement for dry containers. Multimodal transportation, characterized by its low initial investment outlay, exceptional efficiency, and minimal environmental impact, is rapidly gaining favor among industries. This mode of transportation offers an array of benefits, such as reduced transit times and direct-to-door delivery for customers. Furthermore, it utilizes alternative routes while guaranteeing the security of cargo. Compared to alternative transportation methods, intermodal transport stands out as highly efficient and straightforward to monitor.

In essence, the growing preference for multimodal transportation, combined with the versatility and advantages of reefer containers for pharmaceuticals, is set to be a driving force propelling market growth, fostering efficiency, and expanding pharmaceutical supply chain capabilities.

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Drivers:

Growth in Pharmaceutical Industry: The expanding pharmaceutical industry, driven by factors like population growth, aging demographics, and increased healthcare spending, is boosting the demand for reefer containers for pharmaceutical products.
Temperature-Sensitive Medications: Many pharmaceutical products, including vaccines and biologics, require strict temperature control to maintain their efficacy. Reefer containers provide the necessary temperature stability during transportation.
Regulatory Compliance: Stringent regulations governing the storage and transportation of pharmaceuticals, especially those related to Good Distribution Practices (GDP), mandate the use of temperature-controlled solutions, driving the adoption of reefer containers.
Globalization of Supply Chains: The globalization of pharmaceutical supply chains necessitates long-distance transportation of products, often across various climate zones, making reefer containers essential for maintaining product quality.
COVID-19 Vaccine Distribution: The distribution of COVID-19 vaccines, which require specific temperature conditions, has increased the use of reefer containers for pharmaceutical transportation.

Key Takeaways

The United States is one of the top three countries both in terms of imports and exports of medical goods, and its reefer container for pharmaceutical market is one of the largest in the world.
The expanding demand for biopharmaceuticals and vaccines as a result of the huge populations of several countries in the region is the primary factor driving the growth of the reefer container for pharmaceutical market in the Asia Pacific. Most of these items are temperature-sensitive, so cold storage facilities are required for their effective handling of them.
The expansion of the pharmaceutical industry in Europe is being driven in large part by the increasing number of activities that are being undertaken by the European Commission to establish new rules and policies.
Significant growth prospects are anticipated to become available over the forecast period as a result of the growing use of more modern production methods and the expanding innovation in technology.

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Key Market Players

Bulkhaul Limited
Danteco Industries BV
NewPort Tank
A.P. Moller – Maersk
China International Marine Containers (Group) Ltd
COSCO SHIPPING Development Co., Ltd.
CXIC Group
Singamas Container Holdings Limited
TLS Offshore Containers/TLS Special Containers
W&K Containers, Inc.
Thurston

Key Segments in the Reefer Container for Pharmaceutical Market

By Application Type:

Pharmaceutical Preparations
Injectables
Blood Derivatives
Vaccine and Serum
Others

By Container Size:

Small
Medium
Large

By Region:

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

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Aerosol Valves Market Growth: Industry Rising to US$ 3,149.5 Million by 2032

The surging popularity of pharmaceutical aerosols within the healthcare industry is anticipated to be a key driver propelling the sales of aerosol valves throughout the forecast period. In today’s healthcare landscape, consumers increasingly favor medications with user-friendly and convenient packaging. Consequently, there has been a rapid uptick in the production and consumption of pharmaceutical aerosols, creating a lucrative growth avenue for aerosol valve manufacturers.

The global aerosol valves market is poised for significant growth, with an estimated valuation of US$ 1,892.0 million expected in 2022. This upward trajectory is projected to persist, as aerosol valve sales are forecasted to expand at a robust compound annual growth rate (CAGR) of 5.2% between 2022 and 2032, ultimately reaching an impressive US$ 3,149.5 million by 2032. Notably, the top 5 countries currently command a substantial market share, collectively accounting for approximately 35 to 40% of the global aerosol valve market.

The rapid expansion of various industries like automotive, pharmaceutical, and cosmetics & personal care along with increased demand for sustainable and biodegradable packaging solutions is stimulating growth in the global market for aerosol valves. On the basis of product type, the continuous valve segment is anticipated to lead the global aerosol valve market. According to the prediction by Future Market Insights, a market value share of around 60% for the target segment by the end of 2032.

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Key Takeaways

The market for aerosol valves is predicted to be widespread despite restrictions placed on aerosol production and product safety concerns over the composition of the materials inside the containers. In addition to that, the market for paint spray is bolstering at a significant pace and the demand for customization and maintenance is on the rise, which is expected to augment the sales of aerosol valves during the projection period. The younger generation is predicted to utilize spray paint in order to make automobiles and motorcycles look good and appealing. This will play a key role in elevating the demand for aerosol valves over the next ten years.
Owing to the increasing urban population and elevating levels of affluence, the automotive industry is expanding rapidly in emerging countries. Diesel and gasoline vehicles are progressively being replaced by electric or hybrid vehicles in industrialized economies. This in turn is creating a need for aerosol valves.
The popularity of pharmaceutical aerosols across the healthcare industry is on the rise which is expected to boost the sales of aerosol valves during the forest period. At present, consumers are showing a keen interest in using medication with user-friendly and convenient packaging. As a result, there has been a rapid rise in the production and consumption of pharmaceutical aerosols. This is creating lucrative growth opportunities for the manufacturers of aerosol valves and the trend is likely to continue during the projection period.
Increasing applications of aerosol valves within automotive and cosmetic & personal care industries coupled with growing demand for mess-free packaging products with good looks is likely to elevate the demand for aerosol valves over the next ten years. Furthermore, rapid growth in consumer spending on personal care and hygiene products, development of advanced and sustainable aerosol valves, and reduction in product prices will help the market to thrive at a steady pace over the next decade.

Key Market Trends

The rapid growth of the automotive industry in emerging economies is a direct result of the increasing urban population and rising affluence. Developed countries are witnessing a gradual shift from diesel and gasoline vehicles to electric or hybrid vehicles. Consequently, there is a growing demand for aerosol valves driven by these changing automotive trends.

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Drivers:

Pharmaceutical and Healthcare Demand: The increasing demand for pharmaceutical aerosols, driven by consumer preference for user-friendly and convenient medication delivery, boosts the need for aerosol valves in the healthcare industry.
Consumer Packaged Goods (CPG): Aerosol products are widely used in the consumer packaged goods sector, including personal care, home care, and food products, driving the demand for aerosol valves.
Innovations in Aerosol Products: Ongoing innovations in aerosol products, such as improved formulations and packaging designs, lead to increased adoption and the need for compatible aerosol valves.
Environmental Concerns: Manufacturers are increasingly focused on developing eco-friendly aerosol valves and propellants to meet sustainability goals and consumer preferences.
Customization and Branding: Aerosol valves play a crucial role in product differentiation and branding, encouraging companies to invest in unique valve designs and features.

Competitive Landscape

Prominent manufacturers of aerosol valves are working towards capturing the market by expanding their presence and launching new aerosol valves. They are also adopting collaboration or partnership strategies to expand their resources and footprint.

Aerosol Valves Industry by Category

By Product Type:

Metered Valve
Continuous Valve

By Valve Type:

Vertical
Tilt (Toggle)

By End Use:

Healthcare
Cosmetics & Personal Care
Homecare
Automotive
Food & Beverage
Others (Paint, Chemical, etc.)

By Region:

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

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Europe Biomass Pellets Market Set to Double in Size, Anticipated CAGR of 6.9% Forecasts Market Value to Soar to Over US$ 22,161.2 million by 2033, Unveils Future Market Insights Study

Demand for biomass registered a 6.3% year-on-year growth in 2022, indicating that the Europe market would reach US$ 11,387.5 million in 2023. The Europe biomass pellets market, as reported by Future Market Insights (FMI), reached US$ 10,743.6 million in 2022.

Over the forecast period 2023 to 2033, Europe sales of biomass pellets are expected to exhibit a 6.9% CAGR. It is expected to total a market size of US$ 22,161.2 million by the end of 2033.

The key application of biomass pellets is heating. They can be used in industrial heating, commercial or residential heating, and also in power generation.

The United Kingdom is the leading and key consuming country followed by other European countries such as Denmark, The Netherlands, Italy, Germany, and others.

The growing demand for renewable energy has created export opportunities for European biomass pellet producers. Countries with surplus biomass resources, advanced pellet production technologies, and sustainability certifications are exporting biomass pellets to meet demand in other countries, contributing to market growth.

Key market players are focusing on alternative distribution channels, such as online, to strengthen their market presence in both regional and country-level markets.

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The majority of key players are focusing on, the expansion of production units whereas small-scale companies must invest significantly in research and development to introduce new products and expand their Europe presence. Also, key players are focusing on growth in strategic sectors and creating value hubs.

Key Takeaways:

Europe market of biomass pellets is projected to witness a CAGR of 9% during the period between 2023 and 2033.
Based on the end use, biomass pellets are widely used in the residential sector majorly for heating and cooking purposes.
Based on the type, wood pellets are the dominant segment and hold more than 85% of the total market share.
Based on the country, the United Kingdom is the leading and key consuming country for biomass pellets, at 25% of the total Europe market.

“Expansion of production capacities to cater the growing demand for pellets is driving the market in Europe. Fluctuating prices of oil & gas in Europe, and demand for green and carbon-neutral technology are expected to provide growing opportunities to manufacturers.” – says a lead FMI analyst

Competitive Landscape

Key players are engaged in the expansion of production capacities along with research and development.

Key players are also involved in the long-term supply of the products with the end users to maintain the proper supply chain and uninterrupted supply of final products.

Key Companies Profiled

Energex
Blackwood Technology
Arbaflame AS
TTCL Public Company Limited
Verdo Holding A/S
Airex Energie Inc.
Graanul Invest
2 Iwatani Corporation
Land Energy Girvan Limited
Schwaiger Holzindustrie GmbH and Co. KG
Holzwerke Weinzierl GmbH
Balcas Energy
Enviva, LP
Drax Group
Ambienta Biomasse
Naparpellet

For instance:

On April 4th, 2022, Enviva announced a US$ 250 million investment in a new production plant for Bond, Mississippi to serve the growing demand for renewable resources.
December 12th, 2022, Enviva Inc. announced the signing of a new 10-year take-or-pay off-take fuel supply contract with an existing European customer, extendable for up to five years.
On June 1^st, 2019, Arbaflame signed a contract with Engie. The French energy company Engie will purchase 70,000 tonnes a year of Arbaflame’s patented wood pellets to replace coal in Engie’s coal power plant Maasvlakte in Rotterdam.

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More Insights into the Europe Biomass Pellets Market Report

In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the Europe biomass pellets market, providing historical data from 2018 to 2022 and forecast statistics for the period 2023 to 2033. To understand the Europe market potential, growth, and scope, the market is segmented based on type, source, end-use, and country.

Market Segmentation by Category

By Type:

Wood Pellets
Black Pellets
Forestry Pellets
Agricultural Pellets
Biomass Briquettes

By Source:

Agricultural Residue
Wood Sawdust
Wood Chips
Others

By End-use:

Residential
- Heating
- Cooking
- Power Generation
Industrial
- Heating
- Power Generation
- Bio-refining
- Others
Commercial
- Heating
- Power Generation
- Others

By Region:

Germany
Italy
France
The United Kingdom
Spain
Belgium
Netherland
Russia
Rest of Europe

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

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Rising Demand for Eco-Friendly Waterproofing Solutions Propels Market Growth in Asia Pacific Construction Sector, Forecasting a Surge to US$ 1,223.1 million by 2033

Asia Pacific Waterproofing Chemicals Market

By the end of 2033, the market is anticipated to reach US$ 1,223.1 million, reflecting a 9.6% CAGR between 2023 and 2033. In 2023, it’s expected to surpass a valuation of about US$ 491.1 million. Waterproofing chemicals are widely used in the construction sector. They play a vital role in preventing the structures from water damage. In 2018, the Asia Pacific waterproofing chemicals industry had a value of US$ 363.1 million.

The construction sector is expanding rapidly due to rising infrastructure development and urbanization. This increasing demand for waterproofing chemicals reflects the importance of these chemicals in protecting structures from water damage.

There is a growing emphasis on sustainable construction practices, including the use of eco-friendly materials and energy-efficient building systems. This trend has influenced the demand for sustainable waterproofing chemicals that are non-toxic. A few chemicals that are low in volatile organic compounds (VOCs) and have minimal environmental impact are also expected to witness high demand.

The growing tourism sector in Asia Pacific might present significant opportunities for the waterproofing chemicals market. Several countries in the region such as Thailand, Malaysia, Indonesia, Vietnam, and the Philippines are popular tourist destinations, attracting millions of visitors each year.

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Surging tourism might push the construction and expansion of hotels, resorts, theme parks, and other hospitality establishments. It is likely to help in creating a rising demand for effective waterproofing solutions.

Waterproofing chemicals that offer enhanced protection against harsh environmental factors can find a strong demand in coastal developments in the tourism sector. Meeting unique requirements of the tourism sector and delivering reliable waterproofing solutions might drive growth and establish a strong presence in this market.

Key Takeaways from the Asia Pacific Waterproofing Chemicals Market Study:

Asia Pacific waterproofing chemicals industry witnessed a CAGR of 5% over the historical period from 2018 to 2022.
Malaysia waterproofing chemicals industry is likely to expand at a CAGR of 2% during the forecast period from 2023 to 2033.
By technology type, the membrane-type segment is set to surge at a CAGR of 7% during the forecast period.
Thailand waterproofing chemicals industry is set to exhibit a CAGR of 6% through 2033.
Vietnam waterproofing chemicals industry is estimated to witness a CAGR of 2% during the evaluation period.

“Growing awareness and attention on catastrophe resilience are two leading factors contributing to market expansion. Waterproofing solutions are becoming increasingly important as Asia Pacific nations experience more frequent natural disasters such as floods and typhoons. They could aid in preventing water-related harm to infrastructure, buildings, and residences.” – says a lead analyst at Future Market Insights (FMI).

Competitive Landscape in Asia Pacific Waterproofing Chemicals Market

Manufacturers of waterproofing chemicals in Asia Pacific are investing in research & development to produce new and improved waterproofing chemical products. This involves creating formulations that are more useful, environmentally friendly, and meet the unique requirements of various sectors.

Manufacturers are also diversifying their product lines to provide a wide range of waterproofing solutions in order to satisfy the market’s various expectations. To service a wide range of customers, they are accommodating numerous construction kinds, materials, and climatic circumstances.

Several other significant businesses divide their target areas depending on a variety of criteria, including location, market, and client demands. They can adjust their marketing and product offers by comprehending the distinctive needs of various sectors.

For instance,

Saint-Gobain opened a cutting-edge waterproofing chemicals facility in Malaysia in May 2021, occupying a sizable 50,000m2 space. Modern Saint-Gobain manufacturing techniques are on display at this facility. It produced a variety of waterproofing and waterproofing chemical solutions, demonstrating extraordinary versatility. The facility also concentrates on creating 3D printing solutions, which helps the business take the lead in this newly expanding market niche.

Key Companies Profiled

BASF SE
Mapei S.p.A.
Wacker Chemie AG
Akzo Nobel N.V.
Evonik Industries
Sika AG
H.B. Fuller
Pidilite Industries Limited
Jiahua Chemicals Inc.
RPM International Inc.
CLPI (Thailand) Co., Ltd.
Clevcon (Thailand) Co., Ltd.
Kuraray
Dribond Construction Chemicals
Carlisle Coatings & Waterproofing (Thailand) Co., Ltd.

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Get More Valuable Insights into the Asia Pacific Waterproofing Chemicals Market Report

In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the Asia Pacific waterproofing chemicals industry, providing historical data from 2018 to 2022 and forecast statistics for the period 2023 to 2033. To understand the Asia Pacific market potential, growth, and scope, the market is segmented based on technology type (membrane type, coatings, injection grouting, and integral systems), sales channel (direct sales, retail stores, distributor and wholesalers, online, and DIY), end user (commercial, residential, infrastructure, industrial, and others), and country (Thailand, Vietnam, Malaysia, Indonesia, and Guatemala).

Asia Pacific Waterproofing Chemicals Market Outlook by Category

By Technology Type:

Membrane Type
- Bitumen
- PVC
- TPO
- EPDM
- HDPE
- LDPE
- Thermoplastic
Coatings
- Bitumen
- Cementitious
- Acrylics
- Polyurethane
- Elastomeric Coating
- Others
Injection Grouting
- Polyurethane
- Epoxy
- Acrylates
Integral System

By Sales Channel:

Direct Sales
Retail Stores
Distributors and Wholesalers
Online
DIY

By End User:

Commercial Sector
- Walls and Roofing
- Basements/Foundations
- Terraces
- Balconies
- Water Storage Tanks
- Others
Residential Sector
- Walls and Roofing
- Basements/Foundations
- Terraces and Balconies
- Floors
- Water Storage Tanks
- Others
Infrastructure Sector
- Foundations
- Airport Runways
- Bridges and Flyovers
- Tunnel Liners
- Water Storage Tanks
- Roads and Highways
- Dams and Reservoirs
- Others
Industrial Sector
- Walls and Roofing
- Basements/Foundations
- Floorings
- Tanks and Vessels
- Pipelines
- Tanks and Silos
Others

By Country:

Thailand
Vietnam
Malaysia
Indonesia
Guatemala

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 Paper Chemicals Market Set to Surge from US$ 38.4 Billion to US$ 46.5 Billion by 2033, Reveals Market Forecast

Over the forecast period 2023 to 2033, global paper chemicals sales are likely to soar at 1.9% CAGR. The global paper chemicals industry size is expected to rise from US$ 38.4 billion in 2023 to US$ 46.5 billion by 2033.

According to the Future Market Insights (FMI) analysis, paper chemicals sales grew at a CAGR of 2.6% over the historical period 2018 to 2022. Over the forecast period, the worldwide market for paper chemicals is forecast to progress at 1.9% CAGR.

Paper chemicals are used at numerous stages of the papermaking process to achieve specific properties and functions. They are used in processes such as pulping, bleaching, sizing, coating, and surface treatment. This helps impart properties to it such as wet strength, dry strength, printability, and barrier resistance to the final paper product.

Demand for paper chemicals is driven by aggregate demand for paper and paper-based products widely used in industries such as packaging, printing, publishing, hygiene, and construction.

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As consumer preferences shift to green and sustainable products, there is an increasing focus on developing green and environmentally friendly paper chemicals that minimize the environmental impact of paper production.

The paper chemicals market is highly competitive and constantly evolving. Companies invest in research and development to create new and improved chemicals to meet the changing needs of the paper industry.

In addition, stringent environmental regulations and sustainability efforts are influencing market trends, leading to the adoption of greener methods and chemicals in the papermaking process.

Key Takeaways from the Paper Chemicals Market Report:

China’s paper chemicals industry is expected to reach a valuation of around US$ 10.8 billion by 2033.
The United States paper chemicals industry is poised to reach US$ 8.1 billion by 2033.
Paper chemical demand in the United Kingdom is anticipated to rise at a steady CAGR of 7% during the forecast period from 2023 to 2033.
Based on type, pulp chemicals are projected to surge at a CAGR of 7% by 2033.
The specialty chemicals segment is expected to register a CAGR of 5% from 2023 to 2033.

“The growing importance and popularity of functional chemicals that impart higher optical properties to advance printability are likewise driving the development of the paper chemicals market.” – says a lead analyst at FMI

Competitive Landscape:

Leading paper chemicals manufacturers are constantly launching a new range of products to meet consumer demand. They are likewise using strategies such as partnerships, mergers & acquisitions, collaborations, distribution agreements and advertisements to gain a competitive edge in the market.

For instance,

In April 2023, Ammor India announced strategic expansion plans for chemical and steel-related products with delivery reaching 52
In March 2023, Nippon Paint announced the strategic expansion of the construction chemicals

Key Companies Profiled

Akzo Nobel NV
Archroma
Ashland Global Holdings Inc.
BASF SE
Behn Meyer Chemicals (Qingdao) Co. Ltd.

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More Insights Available

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

The study reveals segments segmented in terms of type (pulp chemicals, process chemicals, functional chemicals), and form (specialty chemicals, commodity chemicals) from 2023 to 2033.

Paper Chemicals Market by Category

Type:

Pulp Chemicals
Process Chemicals
Functional Chemicals

Form:

Specialty Chemicals
Commodity Chemicals

About the Chemical and Materials Division at Future Market Insights (FMI)

Future Market Insights (FMI) highly experienced chemical and materials team aids companies from all over the world with their specific business intelligence needs through professional research, actionable insights, and strategic recommendations.

With a library of over a thousand research and 1 million+ data points, the team has spent over a decade analyzing the chemicals and materials business across 50+ countries. From start to end, the company provides unrivaled research and consulting services. Please get in touch with us to see how we can help.

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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Nandini Singh Sawlani

GCC Infrastructure Boom Fuels Surging Demand: Calcium Oxide Emerges as Key Player in Soil Stabilization for Robust Construction Foundations

Calcium oxide demand for soil stabilization applications is expected to expand as the GCC countries continue to focus on developing their transportation networks and creating solid foundations for infrastructure projects.

GCC region has seen an increase in infrastructure projects such as skyscrapers, airports, motorways, and residential complexes. All of these are predicted to significantly boost demand for calcium oxide. Likewise, calcium oxide is used for soil stabilization, which improves the engineering features of the soil and makes it acceptable for construction.

The growth of the building and construction sector in the region is projected to drive the market in the forecast period. The Gulf Cooperation Council or, GCC calcium oxide market is projected to reach a market capitalization of US$ 245.4 million at a CAGR of 4.9% by the end of the forecast period 2023 to 2033.

The market is expected to benefit from the expanding building and construction sectors in these countries that are heavily investing in large-scale infrastructure projects. These include construction, transportation, and urbanization initiatives. Calcium oxide plays an indispensable role in these sectors owing to its diverse applications.

The market is highly competitive and dominated by domestic manufacturers of calcium oxide. However, the distributors of calcium oxide seek contracts with these manufacturers to provide a consistent supply of chemicals in the region. These strategies are expected to benefit the growth of the calcium oxide market.

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Besides the above-mentioned industry trends, the calcium oxide market is also heavily influenced by demographic, macroeconomic, innovation, and sustainability factors. Based on these factors, significant investments have been made in the calcium oxide market, which is expected to drive demand for calcium oxide in the forecast period.

“Calcium oxide’s rising demand is fuelled by its versatile applications in construction, manufacturing, agriculture, and environmental sectors. Vendors are likely to find growth opportunities through governmental contracts considering the significant investments the countries have made in their infrastructural projects.” – says an FMI analyst.

Key Takeaways:

The GCC calcium oxide market is projected to witness a CAGR of 9% during 2023 and 2033.
The commercial grade segment is estimated to dominate the GCC calcium oxide market at 9% CAGR through 2033.
Based on end-use industry, building and construction segment is expected to reach a valuation of US$ 130.7 million by the end of the forecast period.
In the GCC region, the majority of the demand is met through domestic production, which accounts for 95% of the total market demand.

Competitive Landscape

According to FMI Analysis

Graymont
Saint Hilaire Industries
Lhoist
Carmeuse
Austin White Lime
Ube Material Industries Ltd
Saudi Lime Industries Co
Astra Mining
United Mining Investments Co.
Mississippi Lime
Emirates Lime Factory
Super Cement Manufacturing Company LLC
Ras Al Khaimah Lime
SATHI International FZE
GULF LIME CO LLC

Key players are engaged in the expansion of production capacities along with research and development.

Companies are also involved in the long-term supply of the products with the end users to maintain the proper supply chain and uninterrupted supply of final products.

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More Insights into the Calcium Oxide Market Report

In its up-to-date report, Future Market Insights (FMI) offers an unbiased analysis of the global calcium oxide market, providing historical data from 2018 to 2022 and forecast statistics for the period 2023 to 2033. To understand the GCC market potential, growth, and scope, the market is segmented based on grade, end-use sector, and region.

Market Segmentation

By Grade:

Food grade
Commercial grade

By End-use Industries:

Building and Construction
Iron and Steel Industries
Water and Wastewater Treatment
Food Industry
Glass Manufacturing
Agriculture
Others

By Country:

United Arab Emirates
Kingdom of Saudi Arabia
Qatar
Kuwait
Bahrain
Oman

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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Nandini Singh Sawlani

Global Transparent Coatings Market Predicted to Surpass US$ 31.2 billion by 2033 Driven by Escalating Demand in Optical Glass, Wood, and Solar Panel Sectors

The transparent coatings industry is expected to be worth US$ 16.6 billion in 2023. The market is expected to reach US$ 31.2 billion by 2033, growing at a 6.5% CAGR during the forecast period. Transparent coatings market is being driven by their growing usage in wood, glass, optics, metal, plastics, solar panel, and concrete applications.

The global transparent coatings market is dominated by a few countries that lead the production and end-use sector for these coatings. The increasing use of transparent coatings in solar energy sector is expected to pave the way for their market growth in emerging countries like middle east and India. Although the significant consumption from wood, metal and glass applications is expected to drive the market growth in America, Europe and East Asian Countries.

The growing industrial and commercial construction in the urban areas is one of the key driver for transparent coatings market. These coatings are extensively used to cover the glass facades of commercial infrastructure like office buildings and shopping complexes. Their self-cleaning, anti-reflection, anti-glare and UV resistant characteristics are useful in maintaining the energy efficient office atmospheres. The rising development in commercial construction across the developed and developing countries is expected to augment the growth of global transparent coatings market.

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The transparent coating industry is benefiting from increased customer demand for transparent and clear thin layer coatings to maintain product visibility while improving surface qualities. In the coming years, the use of nanotechnology in transparent coatings will offer up new application prospects for these coatings.

Key Takeaways from the Transparent Coatings Market:

The transparent coatings industry in the United States is predicted to reach US$ 5.0 billion by 2033, increasing at a 6.0% CAGR.
The transparent coatings industry in China is estimated to reach a market size of US$ 4.4 billion, expanding at a CAGR of 6.8% by 2033.
During the forecast period, the transparent coatings industry in India is expected to reach a market share of US$ 3.7 billion, securing a 7.2% CAGR.
The transparent coatings industry in Germany is predicted to reach US$ 3.1 billion by 2033, increasing at a 5.7% CAGR.
Japan’s transparent coatings industry is predicted to achieve a market share of US$ 2.5 billion, rising at a 5.9% CAGR during the forecast period.
With a CAGR of close to 7% from 2023 to 2033, the protective coating segment is expected to dominate the transparent coatings by coating type.
With a CAGR of more than 10% from 2023 to 2033, the solar panel segment is expected to dominate the transparent coatings by application.

How Does the Competition Look in the Transparent Coatings Market?

The market for Transparent Coatings is fragmented, with intense competition among a large number of market participants. To increase their market position, these businesses are concentrating on expanding their production capacity and sales footprints. Several significant participants in this industry comprise

Woodver
Wincoat
TWI Ltd.
NEI Corporation
Holland Shielding Systems BV
HeiQ Materials AG
Denton Vacuum
IRO Coating Additive Co. Ltd.
MAC Thin Films
Isonem Paint & Insulation Technologies
Maris (Saint-Gobain)
Nippon Paint (India) Private Limited
NEXT Energy Technologies
SolarWindow
Evaporated Coatings Inc.
Axalta Coating Systems
AkzoNobel
PPG Industries
Hempel
3M
Sherwin-Williams

The main players are particularly investing in R&D projects to develop products tailored for specific applications and discover new applications for transparent coatings. To satisfy the shifting needs of customers, they are also focusing on extending their product line and strengthening their distribution networks.

Key firms in the transparent coatings sector frequently participate in mergers and acquisitions to strengthen their positions in the market, broaden their product offerings, and get access to new markets. To gain an advantage in these markets, they are also concentrating on providing clients with cost-effective and renewable solutions.

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Segmentation Analysis of the Market

By Coating Type:

Protective Coating
Hydrophobic Coating
Abrasion resistance Coating
UV Resistant Coating
Others

By Application:

Wood
Glass/Optics
Metal
Plastics
Solar Panels
Concrete
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
East Asia
South Asia and Pacific
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.

Contact Us:

Nandini Singh Sawlani

Polyurethane Precursor Market Projected to Reach US$ 80,216.2 million by 2033, Fueled by Automotive Sector’s Demand for Versatile Foam Solutions

Precursors are like raw materials which are used in the manufacturing of any chemical or polymer. In the Polyurethane case, polyols and isocyanates are widely used precursors in the production of polyurethane. The Polyurethane Precursor market is expected to be worth US$ 80,216.2 Million by the end of the forecast period. The market is anticipated to witness a considerable growth rate of 5.6% over the forecast period. Polyurethane is mainly made of three precursors namely- polyols, additives, and isocyanates.

Polyurethane Foam is one of the key applications for Polyurethane Precursor. Flexible and Rigid foams, both are being manufactured, which are further used for other applications such as bedding, automotive seating, furniture, upholstery, and others. Rigid foams are used for insulation purposes in the construction, packaging, and refrigeration industries.

Industries such as packaging and advertising require precise and vibrant printing results, which can be achieved with the use of Polyurethane Precursor. Digital printing methods, such as inkjet and UV-curable printing, have gained popularity in recent years. These technologies often require specialized coatings to ensure optimal ink adhesion and color reproduction.

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Polyurethane precursors play a vital role in the automotive industry as they are heavily employed in automotive seating, steering wheels, sound insulation components, interior rims, and so on. On the other hand, these are used in the formulations of coatings and adhesives.

Key Takeaways from the Polyurethane Precursor Market:

The Polyurethane Precursor industry in the United States is predicted to reach US$ 11,727.6 million by 2033, increasing at a 4.8% CAGR.
The Polyurethane Precursor industry in India is estimated to reach a market share of US$ 3,593.7 million, expanding at a CAGR of 5.9% by 2033.
During the forecast period, the Polyurethane Precursor industry in China is expected to reach a market share of US$ 20,214.5 million, securing a 4.3% CAGR.
The Polyurethane Precursor industry in Japan is predicted to reach US$ 3,176.6 million by 2033, increasing at a 4.6% CAGR.
Germany’s Polyurethane Precursor industry is predicted to achieve a market share of US$ 4,527.4 million, rising at a 5.1% CAGR during the forecast period.
With a CAGR of 5.8% from 2023 to 2033, the Foam Precursor application is expected to dominate the Polyurethane Precursor industry.

How Does the Competition Look in the Polyurethane Precursor Market?

The Polyurethane Precursor Industry is highly competitive in nature, with the presence of several international and regional players operating in the market. The market has the presence of some of the key companies that hold prominent market shares in the market such as

Evonik Industries
BASF SE
Dow Chemical Company
Covestro AG
Huntsman Corporation
Wanhua Chemical Group Co., Ltd.
Shell Plc
Recticel NV/SA
Perstorp AB
Arkema SA
Arcad Chemicals
Lubrizol Corp

These key market participants are actively engaged in the expansion of their production capacities in regional as well in overseas markets. Key players are focusing on the launch of new products, strategic collaborations and mergers, long term agreements with suppliers and others.

Some of the key players are also focused on the recycling of polyurethane foams and establishing units and collaborating with other associations to help achieve the sustainability goals. For Instance:

On December 2021, Covestro partnered with French non-profit firm on chemical recycling of polyurethane foam. Covestro and Eco-mobilier, a French eco-organization and non-profit have extended producer responsibility (EPR) schemer for the collection and recycling of used furniture, aspire to generate enhanced value aiming at mattresses and upholsteries. As part of its new collaboration with Eco-mobilier, Covestro intends to make use of a novel process compared to other chemical recycling approaches, which it has developed for recycling the foam chemically.

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Segmentation Analysis of the Market

By Chemical Composition:

Polyols
- Polyether Polyols
- Polyester Polyols
- Polycarbonate Polyols
- Others
Diisocyanates
- Toluene Diisocyanate (TDI)
- Methylene Diphenyl Diisocyanate (MDI)
Chain extenders
Catalysts
Other additives

By Application:

Foam Precursor
Coating & Adhesive Precursor
Elastomer Precursors
Others

By Industry Vertical:

Automotive
Furniture
Packaging
Construction
Others (Insulation, Textile)

By Region:

North America
Latin America
Western Europe
Eastern Europe
East Asia
South Asia Pacific
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.

Contact Us:

Nandini Singh Sawlani