Market Research Blog – Page 3814 – New Product Development

Submarine Cables Market Eyes 4.8% CAGR, US$ 4.38 Billion by 2030

The global submarine cables market is estimated to expand from US$ 3 Billion in 2022 to US$ 4.38 Billion by 2030. From 2022 to 2030, the demand for undersea cables is expected to grow at a CAGR of 4.8%. In 2021, the market for cables worldwide saw a 1% share of usage of submarine cables.

The need for undersea power cables has increased due to the emphasis placed on the transition to green energy and climate change globally. Submarine power transmission is used by wind, wave, and tidal energy sources to deliver renewable energy to networks for commercial and residential distribution.

Request a Sample Report for Comprehensive Insights
https://www.futuremarketinsights.com/reports/sample/rep-gb-12145

Submarine power cables are also used by electricity network providers to connect power systems in several nations. These reasons have led to an increase in demand for the market for submarine cables.

The Submarine Cables Market refers to the market for the installation, maintenance, and repair of submarine cables that are used for telecommunication, data transmission, and power transmission purposes. Submarine cables are fiber-optic cables that are laid on the seabed between continents and countries, enabling high-speed data transmission and communication between different regions.

The market is driven by the increasing demand for high-speed and reliable data transmission across the globe, the growing demand for internet and cloud-based services, and the increasing adoption of renewable energy sources such as offshore wind farms. The submarine cables market is also driven by the increasing investment by governments and telecommunication companies in laying new submarine cables to improve connectivity and expand their network coverage.

The market includes a range of products and services such as cable installation, maintenance, and repair, as well as submarine cable equipment such as repeaters, amplifiers, and branching units. The market is also segmented by type of cable, including fiber-optic cables and power cables.

The submarine cables market is expected to continue to grow in the coming years, driven by the increasing demand for high-speed and reliable data transmission and the expansion of telecommunication networks to remote areas.

Competitive Landscape:
Key manufacturers of submarine cables are increasing their production capacities to meet growing demand from commercial customers. Submarine cable providers are focused on offering advanced products and services in the submarine cable market.

For instance,

In June 2020, Corning Incorporated announced that Innolux Corporation is using its large platform cutting tool and complete automation system for its high-end auto display panel manufacturing.

Leading Key Players:

ABB
Alcatel Submarine Networks
Corning Incorporated
Huawei Marine Networks Co., Limited
Hydro Group plc
JDR Cable Systems Ltd.
J-Power Systems Corporation
NEC Corporation
Nexans S.A.
NKT Cables Group GmbH
TE Connectivity Corporation
Prysmian Group
ZTT

Immediate Access: Buy Today for a Comprehensive Report
https://www.futuremarketinsights.com/checkout/12145

Submarine Cables Market Segmentation:

By Solution:

Product
- Electrical Cables
  - MVAC
  - HVAC
  - HVDC
- Fiber Optic Cables
  - Loose Tube Type
  - Tight Buffered Type
  - Metal Tube Type
- Hybrid/Composite Cables
- Umbilical Cables
Service
- Consultation and Advisory Services
- Commissioning and Deployment Services
- Maintenance and Testing Services
- Upgrade Services

By Filling Type:

Oil/Fluid Filled Cables
Solid Filled Cables

By End Use:

Oil and Gas
Renewable Energy
Telecommunications
Defense

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

About Future Market Insights (FMI):

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

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Variable Data Printing Market Seeks US$ 31.2 Billion by 2030 with 12.9% CAGR

The variable data printing market was US$ 10.5 billion. The market for variable data printing is anticipated to reach US$ 31.2 billion by 2030, expanding at a 12.9% CAGR from 2022 to 2030.

The market for variable data printing (VDP) is being driven by the growth of the retail sector and rising costs for labelling and tagging all products. According to Future Market Insights, the healthcare and food and beverage industries will continue to play a significant role in the expanding use of variable data printing as consumers demand clear, comprehensive labelling.

Since end customers frequently want flexibility when printing labels, the market’s product labelling segment is expected to grow dramatically during the time of forecasting. Variable data printing is a popular option since it allows for the customization of artwork, data, and content without impairing the bulk printing process. The market for printing with variable data is expected to grow at a CAGR of 12% from 2020 to 2030.

Request a Sample Report for Comprehensive Insights
https://www.futuremarketinsights.com/reports/sample/rep-gb-7441

Key Takeaways from the Variable Data Printing Market Report:

North America is expected to hold a significant share in the global variable data printing market as the adoption of RFID labels and creative labelling increases
Accelerated adoption of variable data printing in the food & beverage industry will propel the growth of variable data printing by 13% during the forecast period
Barcodes and QR code printing are expected to hold a significant share of 36% during the forecast period in the globally market as digital wallets become the new normal for making payments
Retail and CPG segment will exhibit a CAGR of 18.5% between 2020 and 2030 in the South Asia & Pacific variable data printing market creating potential growth opportunities for vendors

COVID-19 Pandemic Impact Analysis:
With the supply of only essential goods and restricted movement, the lockdown has had a massive impact on the global printing industry, bringing it to a near-standstill. Only a handful of companies have been able to continue operations with 20-25% staff, slowing operations and creating uncertainty in business.

While manufacturing companies have been allowed to run at 50 per cent capacity, most label printing companies are running at as low as 15-20% production capacity. In the past 5 years, the market for variable data printing has grown by almost 10% globally. However, the COVID-19 outbreak is expected to cause a shift in these statistics as demand for non-essential items such as clothing and cosmetics is projected to drop.

On the other hand, analysts project that the demand for variable data printing will remain high in the pharmaceuticals and food & beverages sectors in Q2 2020, a trend that will continue through Q3 and Q4 2020. The indispensable need for products these sectors manufacture, impeccable logistics built by the e-commerce industry to make them available to end users, and smart tracking with RFID labelling could offset the losses the market is expected to suffer.

Leading Key Players:

HP Inc.
Canon, Inc.
Xerox Corporation
RR Donnelley & Sons Company
3M Company
Mondi PLC
Avery Dennison Corporation
Quad/Graphics, Inc.
Cenveo, Inc.
Ws Packaging Group, Inc.

Immediate Access: Buy Today for a Comprehensive Report
https://www.futuremarketinsights.com/checkout/7441

Variable Data Printing Market Segmentation:

By Component:

Variable Data Printing (VDP) Machine
Variable Data Printing (VDP) Software
Services
Personalized Printing Services
Support Services

By Application:

Barcodes/QR Code Labels Printing
Advertising Stickers Printing
Plastic Cards/PVC Printing
Product Labels Printing
Others

By Industry:

Retail and CPG
Pharmaceuticals
Electronics and Electricals
Food and Beverages
Logistics
Others

By Region:

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

About Future Market Insights (FMI):

Contact Us:

Nandini Singh Sawlani

Brazil Culinary Tourism Market Poised for a Remarkable US$ 103.29 Billion Growth and 17.7% CAGR by 2033 | FMI

The Brazil culinary tourism market reached a market of US$ 17.2 billion in 2022, and it is predicted that it would expand at a CAGR of 17.7% from 2023 to 2033 to reach a market value of US$ 103.29 billion.

Brazilians aggressively and inventively promote their own food. This just helps to emphasize how important food is to our culture and how it promotes nationalism even more so than other facets of Brazilian culture that are less usually associated with the nation. The public is asking for a number of culinary excursions because they would like to learn more about the country’s food. The demand in Brazil’s culinary tourism sector will be driven by the increasing use of social media and the rising consumption of foreign food.

Many cafes and restaurants are making an effort to provide their patrons dishes that are exclusive to that city or region of Brazil. The development of Brazil’s culinary tourism business is aided by the government’s promotion of cooking classes and festivals.

Gain In-Depth Knowledge with a Report Sample Request:
https://www.futuremarketinsights.com/reports/sample/rep-gb-15318

Key Takeaways from the Market Study

The scope of the global Brazil culinary tourism market increased significantly between 2018 and 2022, with a CAGR of 9.5%.
A sizeable market share, or 45.5% of the Brazilian market share, was occupied by restaurants in 2022.
With a market share of more than 50% in 2022, the online reservation sector led the culinary tourism industry in Brazil.
Brazil welcomed 64.2% of its visitors from outside the country in 2022.

Key Players

Tasting Tour SP by Vicky Constantinescu
Uluwatour Viagens & Receptivos
Rio Carioca Tours
ESPAÇO DISCOVER POA
Paraty Explorer
Tour de Boteco
Traveller XP
Concrete Jungles Walking Tours
Way to Know Rio
Jeep Tour – Rio de Janeiro
C2RIO TOURS & TRAVEL
Cook in Rio
Concrete Jungles Walking Tours
Free Walker Tours
Amazon Amazing Tours
Rio Alternative Tour

Ready to Learn About Our Approach? Explore Our Methodology:
https://www.futuremarketinsights.com/request-report-methodology/rep-gb-15318

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global Brazil culinary tourism market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the Brazil culinary tourism market, the market is segmented on the basis of activity type, booking channel, tourist type, tour type, customer orientation, age group, and region.

Key Segments Profiled in the Brazil Culinary Tourism Market

By Activity Type:

Culinary Trials
Cooking Classes
Restaurants
Food Festivals
Others

By Booking Channel:

Phone Booking
Online Booking
In Person Booking

By Tourist Type:

Domestic
International

By Tour Type:

Independent Traveler
Package Traveler
Tour Group

By Consumer Orientation:

Men
Women

By Age Group:

15-25 Years
26-35 Years
36-45 Years
46-55 Years
66-75 Years

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Molded Fiber Pulp Packaging Industry Analysis in Korea: Market worth US$ 902.4 million by 2033

Molded fiber pulp packaging, also known as molded pulp or pulp packaging, is a type of packaging material made from recycled paperboard or other fibrous materials. It is commonly used for packaging fragile items such as electronics, glassware, and eggs, as well as for food and beverage packaging.

In 2022, molded fiber pulp packaging market in Korea reached US$ 470.7 million, projected to rise to US$ 499.7 million in 2023. Over the next decade, the sector anticipates a robust 6.1% CAGR, with potential sales reaching around US$ 902.4 million by 2033.

The industry’s transformation is driven by a heightened environmental awareness in Korea, leading to an increased focus on sustainable development in molded fiber pulp packaging.

Get Exclusive Sample Copy of the Report: https://www.futuremarketinsights.com/reports/sample/REP-GB-18175

Market Drivers

Eco-Friendly Wave: A significant market driver is the growing preference for environmentally sustainable practices in Korea. The shift towards biodegradable and compostable materials aligns with an increasing awareness of environmental impact among consumers. Molded fiber pulp packaging, being eco-friendly, fits well with this trend, driving its widespread acceptance.
Surge in End-use Industries: The escalating demand for molded fiber pulp packaging is propelled by robust growth in diverse sectors such as food and beverage, food service, healthcare, and electronics. As these industries rapidly expand in Korea, there is a corresponding increase in the adoption of molded fiber pulp packaging solutions.
3D Printing Revolution: The advent of cutting-edge technologies, particularly 3D printing, has revolutionized the molded fiber pulp packaging industry in Korea. This technological advancement allows for the creation of intricate and custom-designed packaging solutions. As a result, there is a surge in demand for personalized and sophisticated packaging to meet the specific needs of consumers and industries.
Consumer Environmental Consciousness: The growing environmental consciousness among consumers is a significant driver for molded fiber pulp packaging. As consumers become more aware of the ecological impact of their purchases, there is a higher preference for packaging solutions that are biodegradable and contribute to a reduction in environmental footprint.

Key Trends

Korea is actively embracing an eco-friendly wave through the widespread use of molded fiber pulp packaging. A prominent industry trend in the country is the increasing inclination toward biodegradable and compostable materials. This eco-conscious consumer shift is expected to gain further traction, solidifying the role of molded fiber pulp packaging in Korea.

Explosive growth in key sectors, including food, beverage, healthcare, and electronics, is propelling the demand for molded fiber pulp packaging in Korea. This surge is a direct result of the rapid expansion of these industries, fostering a significant uptick in the adoption of molded fiber pulp packaging services.

Request Report Methodology: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-18175

Key Market Players

SOUL Paper Industrial Co. (SOUL Denta Paper Industry)
Moorim
H&H Packaging
Woojin Paper
Samhwa Paper

Key Segments

By Product Type:

Trays
Drink Carriers
- 2 Cups
- 4 Cups
- 6 Cups
- More than 8 cups
Boxes
End Caps
Plates
Bowls
Cups
Clamshell Containers

By Molded Pulp Type:

Thick wall
Transfer Molded
Thermoformed Fiber
Processed Pulp

By Application Type:

Primary Packaging
Secondary Packaging
Edge Protectors

By End Use:

Consumer Durables
- Mobile Phone
- Television
- Laptops
- Tubelight & Bulbs
- Other Consumer Durables
Food & Beverage
- Egg Packaging
  - 4 Eggs
  - 6 Eggs
  - 12 Eggs
  - 24 Eggs
  - More than 30 Eggs
- Wine Packaging
  - 375 ml
  - 750 ml
  - 1.5 liters
  - More than 3 liters
- Fruit Packaging
- Others
Cosmetics
Food Services
Healthcare
Automotive
Logistics
Other End Uses

By Key City/Province:

South Gyeongsang
North Jeolla
South Jeolla
Jeju

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

United States of America Digital Pregnancy Test Kits Industry will experience notable growth, reaching US$ 333.2 million by 2033 | FMI

The United States of America digital pregnancy test kits industry size is forecasted to garner revenue of US$ 333.2 million by 2033, up from US$ 207.6 million in 2023 advancing at a rate of 4.8% from 2023 to 2033. The United States of America’s digital pregnancy test kits industry has witnessed a remarkable surge in demand, driven by the increasing preference for convenient and accurate pregnancy testing methods. With advancements in technology, digital pregnancy test kits have emerged as a revolutionary solution, offering women a reliable and user-friendly way to confirm their pregnancy status.

One notable trend in the United States digital pregnancy test kits market is the integration of connectivity features, such as Bluetooth, to enhance user experience and enable data tracking. This allows women to monitor and track their pregnancy journey conveniently through smartphone applications, providing valuable insights and personalized information.

Get Your Report Sample To Gain Comprehensive Insights! https://www.futuremarketinsights.com/reports/sample/rep-gb-6108

Manufacturers are developing combo packs that include multiple test options, providing both digital confirmation and traditional line-based results. These combo packs offer women flexibility and multiple testing options, catering to their individual preferences and needs. Developments like these augur well for the United States of America digital pregnancy test kits market future trends.

There remains a significant portion of the population that is unaware of their benefits and availability despite the growing popularity of digital pregnancy test kits. Limited awareness and education about the advantages and usage of digital tests pose a challenge in expanding the market.

The digital pregnancy test kits market is subject to regulatory compliance and approval processes. Ensuring compliance with stringent regulations and obtaining necessary certifications can be time-consuming and costly for manufacturers. Adhering to these regulatory requirements poses a challenge to market entry for new players.

Integration of artificial intelligence (AI) capabilities opens up a wide array of opportunities for the market players. AI can enhance the accuracy and efficiency of test results interpretation, reducing the chances of errors and false positives/negatives.

Digital pregnancy test kits can provide reliable and precise results, improving overall user satisfaction by leveraging AI algorithms and machine learning techniques.

Key Takeaways:

Based on product type, branded test kits sub-segment captured a substantial portion of the market share of about 86.65% in 2022.
In 2022, drug stores held around 36% value share in the market for digital pregnancy test kits market in the United States of America by distribution channel.
The United States of America digital pregnancy test kits market amassed a revenue of US$ 158.1 million in 2018.
From 2018 to 2022, the market was predicted to secure a CAGR of 4.7%.
The United States of America’s digital pregnancy test kits industry is forecasted to move forward with a momentum of 4.8% from 2023 to 2033.

Reach Out To Our Analyst For Prompt Assistance With Your Questions! https://www.futuremarketinsights.com/ask-question/rep-gb-6108

What is the Level of Market Competition in the United States of America Digital Pregnancy Test Kits Industry?

The United States of America’s digital pregnancy test kits industry is highly competitive, with several key players vying for market share.

The market is characterized by intense competition among established brands as well as the entry of new players. The presence of multiple manufacturers and the availability of a wide range of digital pregnancy test kits contribute to the competitive landscape of the industry.

Companies are continuously striving to differentiate their products through innovative features, advanced technology, accuracy, ease of use, and affordability to gain a competitive edge. Additionally, marketing and advertising campaigns play a crucial role in promoting brand awareness and attracting customers.

The competitive nature of the market fosters a constant drive for improvement and innovation among industry players, ultimately benefiting consumers with a diverse range of options and improved product offerings.

Some of the Leading Companies Operating in the Market:

Swiss Precision Diagnostics GmbH
Church & Dwight Co., Inc.
Gregory Pharmaceutical Holdings, Inc.
Mankind Pharma (Lifestar LLC)
Sugentech, Inc.
NTBIO Diagnostics Inc.
Bio-AMD

Personalized Experiences Redefined: Our Customization Report Holds the Answers! https://www.futuremarketinsights.com/customization-available/rep-gb-6108

Market Segmentation by Category:

By Product:

Branded Test Kits
Private Label Test Kits

By Distribution Channel:

Institutional Sales
- Hospital Pharmacies
- Gynaecology Clinics
- IVF Clinics
- Maternity Care Centers
Retail Sales
- Retail Pharmacies
- Drug Stores
- Hypermarkets & Supermarkets
- Online Sales

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Polymeric Sand Market Surges to Record Highs: Propelling a US$ 249.94 billion Industry Forward with Remarkable Growth and Promising Trajectory

polymeric sand market

In 2024, the global polymeric sand market soared, hitting a value of roughly US$ 127.05 billion. This surge in adoption across diverse applications sets the stage for a promising trajectory. Projections indicate a robust compound annual growth rate (CAGR) of 7.0% between 2024 and 2034, foreseeing an impressive leap beyond US$ 249.94 billion by 2034. The continued expansion in applications and market demand suggests a steady and substantial upward trend for polymeric sand within the construction and landscaping industries.

Growth of the polymer sand market is influenced by a wide range of factors including focus of key players on high-quality product offerings with long term warranty, and increasing preference for customized products among end-users.

Significant resurgence in the construction industry in recent years can be backed by the fact that, construction materials manufacturers have been increasingly adopting the Business Information Modelling (BIM) to expand their customer base and increase sales. Key players in the polymeric sand market have been focusing on capitalizing the opportunities in online retail. Polymeric sand manufacturers have been strengthening their visibility in online channels, such as Amazon, in line with search of end-users for established suppliers who have robust e-commerce interface.

Get an overview of market drivers and challenges affecting this industry! https://www.futuremarketinsights.com/reports/sample/rep-gb-6178

Spending in the construction industry spurred in tandem with increasing GHDI of consumers worldwide, which has created potential opportunities for the market players to benefit from. This has further led the leading polymeric sand market players to concentrate on assessment of building trends that result from consumer sentiments in regional markets with growth potential. These players are entering into tie-ups with government entities and building contractors as a long-term sales growth strategy.

Providing customer requirement-specific products at competitive prices, considering the economic tier and purchasing power of the customer base, continue to remain one of primary objectives of the players in the polymeric sand market. Additionally, efforts of the players toward product and brand endorsements for creating awareness on the benefits of polymeric sand among the targeted customers, continues to significantly underpin the market growth.

Demand Remains Robust for Footpath Construction, Sales in Patios to Gain Fast Traction

Footpath construction has traditionally been the most lucrative application of polymeric sand, however sales in forming patios have gained significant momentum in recent years. The report opines that gains from polymeric sand sales in patio construction are expected to remain competent compared to those from footpaths in 2021, currently accounting for approximately 23% and 25% market share respectively.

As the focus of homeowners on expanding their residential areas into outdoors that feature covered patios, media centers, and kitchens, demand for polymeric sand to build patios continues on an upward spiral. According to the report, nearly 50% of houses have patios in the US alone. Additionally, several homeowners prefer larger patios over basic plan outlines, and those facing budget stringency eye plumbing & wiring activities for outdoor kitchens and other amenities.

Residential Sector to Hold Majority Share in Polymeric Sand Market

The report states that residential end users hold nearly half volume share of the polymeric sand market, representing the volume of over 35 thousand tons in 2018. Resurgent growth of the housing industry and renovation activities by homeowners in the recent past allude growing demand for various construction materials and consumables, which has been indirectly influencing demand for polymeric sand. The advent of polymeric sand has offset the challenges associated with washout owing to lack of binders in sand, while preventing the growth of weeds, ant hills, and grass as a consequence.

According to the study, gains will also remain strong from the commercial sector, wherein sales are partly driven by large-scale infrastructure development projects worldwide, particularly in developing economies of the Asia-Pacific. Another key factor influencing sales of polymeric sand in the commercial sector is increased focus of governments on strengthening their energy infrastructure, and investing in the development of transit facilities.

Interested in Procure The Data? Inquire here! https://www.futuremarketinsights.com/ask-question/rep-gb-6178

Key Segment

Product type

Polymeric Sand
Polymeric Dust

Colour

Beige
Gray
Black & Others

Application

Footpaths
Patios
Pool Decks
Parking Spaces
Pavements & Auxiliary Spaces

End Use

Residential
Commercial
Infrastructural

Region

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

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Global Calcium Sulfate Market Poised for Stratospheric Growth, Expected to Surpass US$ 338.54 billion by 2033 Driven by Diverse End-Use Applications and Construction Sector Boom

In 2023, the calcium sulfate industry is expected to be worth US$ 266.84 billion, and by 2033, it is anticipated to reach US$ 338.54 billion. Calcium sulfate sales are anticipated to increase at a CAGR of 4.1% over the forecast period.

With a melting point of 1,400°C, calcium sulfate is an odorless, white, crystalline powder. It exists in nature as a powder that is both hydrated and anhydrous. In addition to selenite, satin, light spar, terra alba, and satinite, calcium sulfate can also exist in other forms. Plaster of Paris is (POP) made when calcium sulfate loses a certain amount of water molecules when heated.

POP changes into a hard mass when water is added and this mass is used to make plaster casts, wall plasters, and other things. In addition, calcium sulfate is used as a drying agent in chemical labs, as a coating agent in the paper industry, as a color pigment in paints, and as a soil conditioner in the agriculture sector.

The key reason propelling the growth of the global calcium sulfate market is the rise in the usage of calcium sulfate in construction products, including rapid setting types of cement, plaster of Paris, and wall plasters. Also, it is frequently used in dental offices as a tool for creating casts or dental impressions, which supports market expansion.

Get an overview of market drivers and challenges affecting this industry! https://www.futuremarketinsights.com/reports/sample/rep-gb-4038

The demand for calcium sulfate, which is used as a surface sizing agent and a pigment to create coated paper with high brightness and whiteness, is being driven by the expanding pulp and paper industry. Additionally, the market is anticipated to expand at a faster rate since there is an increasing need for calcium sulfate as a calcium supplement that is essential for cell and bone growth.

The market is also anticipated to rise as a result of an increase in the usage of calcium sulfate as a desiccant and an inactive component in medicinal medications. Potential development prospects for market expansion are anticipated to come from the rapidly expanding applications across several end-use sectors and the rising demands from emerging nations.

Given the increasing demand for calcium sulfate in emerging nations like China and India, the Asia-Pacific region represented the maximum market share for calcium sulfate in 2022 and is anticipated to keep that position going forward. Over the forecast period, China is anticipated to retain its supremacy in the calcium sulfate market. This is a result of the growing construction industry in the country. The demand for calcium sulfate as an additive, reducing, and drying agent is predicted to rise over the forecasted period and is proving to be a key driver for the calcium sulfate market growth in this region.

KEY TAKEAWAYS

The market in the United States has grown significantly in 2022 holding a 10.7% share of the global market.
The market in China is expected to grow at a CAGR of 4.1% over the forecast period.
The market in the United Kingdom is anticipated to grow at a CAGR of 2.7% through 2033.
With a CAGR of 5.8% over the forecast period, India is predicted to grow rapidly in the market.
Germany accounted for 3.8% of the global market in 2022.

COMPETITIVE LANDSCAPE

The top manufacturers of the calcium sulfate market are USG Corporation, Solvay SA, Honeywell International Inc., Beijing New Building Materials PLC, Penta Manufacturing Company, Boral Limited, Compagnie de Saint-Gobain SA, YOSHINO GYPSUM CO., LTD., JONOUB GYPSUM, PABCO Building Products, LLC, Celtic Chemicals Limited, Georgia-Pacific LLC, and among others.

To meet the rising demand from several end-use sectors, such as construction, food and beverage, and pharmaceuticals, manufacturers in the calcium sulfate market are concentrating on creating high-quality goods. In order to lessen their influence on the environment and adhere to rules, they are also implementing sustainable production techniques. Also, to reach new markets and boost their market share, firms are extending their global reach through strategic alliances and acquisitions.

Interested in Procure The Data? Inquire here: https://www.futuremarketinsights.com/ask-question/rep-gb-4038

RECENT DEVELOPMENTS

In July 2022, Alberta-based CGC Inc., a Canadian unit of USG Corporation, aims to open a brand-new, slashing wallboard manufacturing facility in Wheatland County. This investment could further enable CGC to provide even greater service to its devoted customers in Alberta and the West, and it also demonstrates CGC’s commitment to the Canadian market.
In order to reduce the cost of building construction and boost productivity and speed of implementation, Jonoub Gypsum Co. started manufacturing its new product, “Mixed soil and gypsum (Soil Gypsum)” in July 2018.

Market Segmentation

By Product Form:

Anhydrous
Hydrated

By Grade:

Technical Grade
Food & Pharma Grade

By Function:

Coagulant
Thickening Agent
Excipient
Desiccant
Additive
Intermediate

By End-use:

Construction
Agrochemicals
Food & Beverages
Cosmetic & Personal Care
Pharmaceuticals
Paints & Coatings
Paper

By Region:

North America
Latin America
Europe
Asia Pacific
China
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

Surging Demand and Market Projections: Synthetic Camphor Industry Set to Reach US$ 571.6 Million by 2028, Reflecting a Strong CAGR of 5.9%

The global synthetic camphor industry has seen substantial growth and is projected to continue its upward trajectory, reaching a value of US$ 322.3 million by 2018 and a significant leap to US$ 571.6 million by 2028, indicating a robust Compound Annual Growth Rate (CAGR) of 5.9% over the forecast period. This expansion is estimated to generate an incremental opportunity worth US$ 249.3 million between 2018 and 2028, showcasing a promising landscape for the synthetic camphor industry’s development and market potential.

Traditionally, the camphor tree’s secretions are used to make synthetic camphor. Camphor made through chemical synthesis is referred to as synthetic camphor. Turpentine oil is one of the most significant raw materials used in the production of synthetic camphor. Two product categories that differ only in terms of purity make up synthetic camphor.

According to the latest Future Market Insights (FMI) report, the volume sales of synthetic camphor are likely to exceed 36 thousand tons in 2019. Pharmaceutical industry has been a leading end-user of synthetic camphor, upheld by ongoing research activities on extending application scope of synthetic camphor in medicinal formulations.

Get an overview of market drivers and challenges affecting this industry! https://www.futuremarketinsights.com/reports/sample/rep-gb-8704

Pharma-grade synthetic camphor is extensively used in various topical analgesic products such as ointments, oils, gels, and chest-rubs. These pharma-grade synthetic camphor for topical pain management products are witnessing significant demand owing to consumer preference for self-medication, undergird by enhanced and easy accessibility of OTC products. According to the report, pharma-grade synthetic camphor is projected to account for more than 50% volume share in 2019 in the synthetic camphor market.

Pharma-grade synthetic camphor sales are also significantly driven by growing demand for private-labelled camphorated medical products. For example, private labelled analgesic products have gained increased popularity in the US, as they are devoid of FDA approval, and witness strong promotion from retailer businesses.

A key factor restricting adoption is regulations on the use of synthetic camphor in pharmaceutical products, such as the US FDA’s classification of certain camphorated oil products would require patients to hold doctor’s prescription for consumption. Moreover, rising costs of raw materials such as turpentine oil is emerging as a key concern for manufacturers producing pharma-grade synthetic camphor.

Gains Remain Strong from Synthetic Camphor Sales in Plasticizer Production

Synthetic camphor continues to witness robust adoption in plasticizer production, which prevails as a critical component for paint and coating formulations. Additionally, demand for plasticizers in PVC and cellulose fiber production, has significantly underpinned sales of synthetic camphor. The study estimates sales of synthetic camphor in plasticizer production to surpass 13 thousand tons in 2019.

Rise in the construction sector, along with increasing demand for renovation and maintenance of existing structures, continues to drive demand for plasticizers in flooring and wall covering applications. Additionally, remarkable demand for plasticizers in flexible Polyvinyl Chloride (PVC) manufacturing, and to soften plastics used in wall covering and flooring, will remain a key sales determinant of synthetic camphor.

East Asia to Hold Pole Position in Synthetic Camphor Market

According to the FMI report, East Asia is likely to remain lucrative in the synthetic camphor market. In East Asia, China is expected to account for the highest sales of synthetic camphor, surpassing 12 thousand tons in 2019. Owing to the presence of a large number of pharma-grade synthetic camphor manufacturers in China, the country is witnessing the growing demand for synthetic camphor.

Interested in Procuring the Data? Inquire here! https://www.futuremarketinsights.com/ask-question/rep-gb-8704

Growing overseas demand for synthetic camphor and significant growth in Chinese gum turpentine industry are the key factors influencing the market growth in the country. Additionally, with the development of Chinese gum turpentine derivatives such as synthetic camphor and synthetic borneol, overseas companies are eyeing use of these derivatives over gum turpentine.

Majority of the pharma-grade synthetic camphor manufacturers are concentrated in China and India, exporting their products to Europe and the US. Due to the availability of raw materials and synthetic camphor on a large scale in China and India, global manufacturers of camphor and other related chemical are focusing on expanding their businesses in East Asia.

Key Players

Some of the players reported in this study include Fujian Qingsong Co. Ltd., Mangalam Organics Limited, Suzhou Youhe Science and Technology Co., Ltd., Saptagir Camphor Limited, Oriental Aromatics Limited, Wuzhou Huangpu Chemical Pharmaceutical Co, Ltd., Kanchi Karpooram Limited, Taiwan Tekho Camphor Co., Ltd., Caesar & Loretz GmbH, Merck KGaA, Recochem Inc., Xiamen Hisunny Chemical Co., Ltd, SkyRun Industrial Co., Ltd, Shanghai Huayi Group Huayuan Chemical Co., Ltd., Fengchen Group Co., Ltd, Aldon Corporation, Prinova LLC, Teloonchem International Co., Limited, among others.

Synthetic camphor Market: Segmentation

Grade

Technical Grade Synthetic Camphor
Pharma Grade Synthetic Camphor

Application

Pharmaceuticals
Personal Care
Plasticizer
Flavour & Fragrance
Others

Region

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

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Global Medical Grade Coatings Market to Surge to US$ 19.8 billion by 2033, Fueled by Growing Demand for Corrosion-Resistant, Microbe-Free Medical Devices

The medical grade coatings market is expected to reach US$ 7.61 billion by 2023 and reach US$ 19.8 billion by 2033, growing at a CAGR of 10%. Medical grade coatings have a wide range of applications in the medical industry, making them a rapidly growing market. Coatings like this are used to enhance the performance and durability of medical devices like implants and catheters.

With technological advancements, these types of coatings are becoming more popular. Medical devices must meet rigid safety requirements, which are the most important aspect of their design. Medical devices pose quality challenges that aren’t met by other types of products because they combine efficiency, cost, and functionality with sanitary and biocompatibility considerations.

Various medical coatings can be used on a wide variety of devices for a wide range of applications, ranging from lubricants to antimicrobial liquids to water-repellent polymers. All phases of procedures, including check-ups, surgeries, and clinical tests, use medical equipment. With global regulations increasing, companies will require solutions that are cost-effective while meeting their needs, which can only be provided by reliable suppliers who specialize in this field.

Get an overview of market drivers and challenges affecting this industry! https://www.futuremarketinsights.com/reports/sample/rep-gb-8664

Graphene-based nanocomposites have also been developed recently that can be combined with traditional polymers to create coatings tailored to specific needs in numerous industries, including medicine. In addition to regulatory changes, safety protocols have also been tightened when dealing with biocompatible materials manufactured inside the human body. Recent rapid growth in healthcare infrastructure in emerging markets, such as India and China, is contributing to the growth of the healthcare industry. A large population in these countries also opens up a huge pool of potential customers for manufacturers who are trying to provide medical-grade coatings in these countries.

Key Takeaways

By 2022, the medical grade coatings market surpassed US$ 6.68 billion.
The United States is expected to emerge as the dominant market in North America, accounting for nearly 90% of total sales.
With the increasing focus on healthcare research, the United States will continue to drive growth in the region
The United Kingdom experienced a growth rate of 5.4% y-o-y in 2022, driven primarily by an increase in healthcare expenditure
European sales are expected to remain strong in Germany and France
Keeping up with emerging trends within the industry, key market participants typically invest about 4 to 6% of their revenues in research and development.

“Increasing demand from the medical sector is expected to boost sales of medical grade coatings. Market players will explore options in emerging economies as growth stagnates in predominantly developed countries. A growing healthcare sector and unmet medical needs will provide a favorable environment for manufacturers of medical grade coatings in developing nations”, comments an FMI analyst.

Competitive Landscape

A number of prominent industry players make significant investments in the production of medical grade coatings.

The top 12 Prominent players are

Medtronic PLC
DuPont
Koninklijke DSM NV
SurModics, Inc.
Specialty Coating Systems Inc.
Precision Coating Co. Inc.
Biocoat Inc., Covalon Technologies Ltd.
Harland Medical Systems Inc.
Hydromer Inc.
Medicoat, Inc.
AST Products Inc.
Aculon Inc.

Market Developments Include:

In February 2023, TekCyte developed a chemically bonded biocompatible medical device coating that can be applied to stents and catheters. Implantable devices are therefore less visible to the body’s immune system due to this protective barrier. Designed for easy application to existing metal stents, BIOINVISBLE functions as an invisible coating. Medical device manufacturers will be able to use this coating process to provide a reliable, safe, and drug-free alternative to stents in the future, considering its scalability.
In March 2023, SI Group, one of the world’s leading additive suppliers, will display its latest coating solutions at the European Coatings Show (ECS) in Nuremberg, Germany. Among its key coatings brands, the company will exhibit REZICURE co-binders, REZILITE light stabilizers, and ETHANOX antioxidants.

Interested in Procuring the Data? Inquire here: https://www.futuremarketinsights.com/ask-question/rep-gb-8664

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global Medical Grade Coatings market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the medical grade coatings market, the market is segmented on the basis of material, applications, type, formulation, and region.

Key Segments in the Medical Grade Coatings Market Report

By Material:

PTFE
PVDF
Silicone
Parylene
Metals
Others

By Application:

General Surgery
Cardiovascular
Orthopedics
Neurology
Gynecology
Dentistry
Others

By Type:

Hydrophilic
Hydrophobic
Anti-Microbial
Drug Eluting
Others

By Formulation:

Solvent Based
Water Based
Powder Coating

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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 Car Wash Detergents and Soaps Industry Set to Accelerate to a Staggering US$ 12,210.8 Million by 2028, Driven by Environmental Safety and Efficiency

The global car wash detergents and soaps industry is predicted to be worth US$ 7,394.7 million by the end of 2018, rising to US$ 12,210.8 million by the end of 2028, at a CAGR of 5.1% over the forecast period.

Car wash detergents and soaps are cleaning solutions intended specifically for removing dirt, grime, and stains from vehicles. They clean the car gently and effectively, taking care not to scratch the paint or finish. These products give all types of vehicles a sparkling and polished appearance while stressing efficiency and environmental safety.

Future Market Insights recently released research on the current and projected performance of the global car wash detergents and soaps market. According to the survey, FMI forecasts a 5% annual increase in sales of car wash detergents and soaps. Presoaks remain the most popular choice among car owners, accounting for more than 35% of total car wash detergent and soap usage. Furthermore, as indicated by the principal findings of the study, domestic players remain the largest stockholders in the global landscape of car wash detergents and soaps.

Get an overview of market drivers and challenges affecting this industry: https://www.futuremarketinsights.com/reports/sample/rep-gb-1861

A notable growth in fleet size and a continually growing vehicle parc testify to an increasing demand for high grade car wash detergents and soaps. Given the significantly rising per capita expenditure on car care and servicing, it is more likely that car care goods such as car wash detergents and soaps would see strong demand in the next years. Recent advancements, such as bio-based car wash detergents and soaps, have had a significant impact on the product innovation strategies of car wash detergent and soap makers.

Convenient application and a relatively low price point continue to influence the sales potential of liquid car wash detergents and soaps, whereas the report predicts strong demand growth in the near future for foam-based car wash detergents and soaps that provide a superior quality finish to cars after washing. On the other hand, despite their high price tag, car wash detergents and soaps in gel form are positioned to experience gradually expanding sales because to their long-lasting post-wash effect on cars.

Professional vehicle wash services are preferred by the majority of North American consumers. European regulations, on the other hand, restrict consumers from doing their own car washing, despite growing worries about insufficient water availability. While this highlights the significant impact of variables boosting car wash detergent and soap sales in North America and Europe, the report also positions developing nations to become more profitable for investors in the next years. Analysis of emerging markets shows that customers are increasingly inclined to buy vehicles and spend more on car care and maintenance. A visible move to luxury cars, resulting in a paradigm change from DIY car wash to professional car wash services, is identified as a major trend driving down usage of car wash detergents and soaps in developing countries throughout Asia Pacific, Latin America, and the Middle East and Africa.

Expanding online availability of a wide selection of car wash detergents, soaps, and other car cleaning goods, on the other hand, is expected to continue to entice car owners who still prefer in-house car cleaning. The thriving automotive aftermarket is also expected to be a key driver of the car wash detergents and soaps market in developing areas. Some of the leading firms in the worldwide car wash detergents and soaps market include 3M Company, Kao Corporation, Turtle Wax Inc., and Spectrum Brands Holdings Inc. Aside from the aforementioned businesses, the report examines a few additional established players in the auto care and car wash industry, focusing on special insights into their financial and strategic development profiles.

While market structure study suggests that top firms account for up to 35% of worldwide revenue, a big amount of market value is accounted for by a huge number of domestic players who are focused on product innovation and competitive pricing. Novel formulations based on natural raw materials such as vegetable oils and naturally derived solvents are expected to continue to draw manufacturers’ R&D attention. According to studies, established companies continue to invest in smart acquisitions and cooperation with regional leaders. Long-term contractual ties with domestic/regional firms are more likely to ensure long-term demand for global leaders investing in specialized regional market penetration.

Interested in Procuring the Data? Inquire here: https://www.futuremarketinsights.com/ask-question/rep-gb-1861

Key Segmentation

Product Type:

Presoaks
Foam Detergents
Drying Agents
Triple Foams
Surface Protectants
Wheel Cleaners
Shampoo

By Sales:

Department Stores
Supermarkets & Hypermarkets
Online Retailing
Franchise Outlet
Automotive Parts Outlet

Region:

North America
Latin America
Western Europe
Eastern Europe
SEA & Pacific
China
Japan
Middle East and Africa

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani