Market Research Blog – Page 3933 – New Product Development

Acid-Proof Lining Market Poised for Remarkable Growth, Projected to Reach US$ 12,313.08 Million by 2033

The global acid-proof lining market is poised for substantial growth, with a projected valuation of US$ 12,313.08 million by 2033, showcasing a robust compound annual growth rate (CAGR) of 6.2% throughout the forecast period. As of 2023, the market is expected to reach US$ 6,747.17 million, indicating significant expansion. This upward trajectory is driven by increasing industrial applications that necessitate acid-resistant materials, reflecting a promising landscape for the acid-proof lining industry in the coming years.

The acid proof lining industry is burgeoning owing to surging demand from multiple end-use industries, wherein walls, floors, and equipment are repeatedly exposed to harsh chemicals and acids. End users can cut costs and preserve the equipment for longer periods by deploying acid proof lining.

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Acid proof lining is primarily used to protect the products from humiliation caused by oxidation, salt spray, moisture, and many chemical-based instances that can be harmful to metals and alloys.

Acid proof linings find application in food industries, thermal power stations, and pharmaceuticals. Apart from this, chemical reactors above 125° C also require this lining. Growth in the aforementioned end-user industries is expected to fuel the adoption of acid proof linings.

Coating technology advancements are adding to the booming popularity of acid proof linings. Mounting investments in the oil and gas sector, including upstream and downstream petrochemical enterprises and refineries, is also expected to impact this industry positively.

The market expansion can also be credited to the quickly magnifying demand and low competitive pressure. Besides, end users of acid proof lining are showing an increased inclination toward waterborne technology, thus inciting manufacturers to boost their investments in popular and advanced technologies.

As per FMI’s study, Asian countries are expected to present tempting opportunities for manufacturers to expand their horizons. With construction activities already in full bloom and automotive observing speedy production, the market is anticipated to grow momentously.

Top Highlights from the FMI’s Analysis of the Acid Proof Lining Market:

North America is one of the noteworthy markets for acid proof lining. The surge in construction activities and increasing oil and gas exploration activities are bolstering market growth.
Australia has a relatively low market share in relation to other competitive markets. However, FMI has assessed that the market is forecast to present significant opportunities for manufacturers to broaden their market size.
Asia Pacific countries are projected to be noteworthy revenue generators for acid proof lining industry.
FMI anticipates that the Mexico market has been an underexploited market for acid proof lining. Manufacturers can dig into the reserves of the Mexican market to extract profit.
South Korea is also spotted as a potential market for acid proof lining. Manufacturers are expected to expand their geographical reach by extending their manufacturing facilities in different parts of the world.

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How are Manufacturers Gaining Larger Share in the Market?

Manufacturers in the acid proof lining industry are strengthening their market position by acquisitions, launching new technologies, and research and development activities. Some of the latest information from the market report is as follows:

In May 2023, Avient established the first line of long-fiber-reinforced thermoplastics in Asia. The new portfolio was installed at the Asia regional headquarters of Avient in Shanghai.
In January 2019, Cromology, a leading player in the decorative paint sector, inked an exclusive distribution contract with Al Gurg Paints for their Viero brand to boost its presence in the United Arab Emirates market. Viero is a lime-based paint that offers designer texture finishes for exteriors and interiors.

Top Key Players in the Global Market

Sherwin-Williams Company
PPG Industries
BASF SE
Ashland Inc.
Axalta Coating Systems Ltd,
Hempel A/S
Jotun Group
Steuler-KCH GmbH
Polycorp Ltd
Koch Knight LLC

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Acid Proof Lining Market Outlook by Category

By Product Type:

Ceramic & Carbon Brick Lining
Tile Lining
Thermoplastic Lining

By Form Type:

Solvent-Borne
Water-Borne
Powder-Based

By End Use:

Marine
Oil & Gas
Power Generation
Construction
Automotive
Transportation
Chemicals
Mining & Metallurgy
Others

By Region:

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

About Future Market Insights (FMI)

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

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Future Market Insights Inc.
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Decoding the Forecasted 2.5% CAGR Journey of Fire Rated Ducts – A Decade of Sustained Growth and Advancements

According to a recent survey published by FMI, the global Fire Rated Ducts market is expected to grow at a healthy CAGR during the forecast period between 2023 and 2033. The objective of the report is to uncover micro and macro-economic factors accelerating the sales of Fire Rated Ducts over the coming decade.

Advent of Industry 4.0 Technology to Create New Growth Avenues for the Fire Rated Ducts Market

Industrial sector is witnessing revolution as manufacturers across the world are extensively emphasizing towards adopting incorporating advanced automation, This is commonly being referred to as Industry 4.0.

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With the emergence of industry 4.0, manufacturing facilities are emphasizing on adopting novel technologies such as artificial intelligence, smart manufacturing, internet of things (IoT), and machine learning among others. This is expected to create lucrative growth opportunities in the Fire Rated Ducts market.

Additionally, increasing government emphasis building a better manufacturing sector and integration of augmented and virtual reality using smart equipment to enhance the output is estimated to propel the demand in the market for coming years.

Key Fire Rated Ducts Market Takeaways and Projections

The U.S. is estimated dominate the Fire Rated Ducts market in North America, accounting for the largest share in the region through 2022.
Germany is projected to account for a significant share in the Europe market over the assessment period.
China is forecast to hold the lion’s share the East Asia market, projecting the fastest growth in the region between 2023 and 2033
India is anticipated to emerge as a highly remunerative market in South Asia, accounting for the largest sales during the forecast period.

Report Benefits & Key Questions Answered

Fire Rated Ducts Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities and challenges. It studies their impact on the market over the previous assessment period 2016-2020. The report provides crucial insights to market players to capitalize on opportunities and counter challenges.
Fire Rated Ducts Demand-Supply Assessment: A latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Fire Rated Ducts As per the survey, Fire Rated Ducts sales will project steady growth over the forecast period.
Fire Rated Ducts Consumption by Demographics: The report published by FMI provides consumption by demographics analysis to assist the market players in formulating their marketing strategies on the basis of purchasing power of the customers. It examines changes in consumer behavior and also studies its effect on the demand for Fire Rated Ducts.
Fire Rated Ducts Market Trend Analysis: FMI’s market trend analysis provide detailed insights into current and upcoming trends in the industrial automation industries. It also assist the industry players to identify potentials trends to capitalize on them.

Competitive Landscape Analysis

Some of the leading manufacturers and suppliers of Fire Rated Ducts include

Lindab AB
Unifrax LLC
Durasystems
Leminar Air Conditioning Industries LLC
Firetrace Ductwork Ltd.
Firth Sheet Metal
CMS Group of Companies

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Key Segments of Fire Rated Ducts Market

By Material:

Steel
Aluminum
Fiber Glass
Polymers
Others

By Shape:

Round
Half Round
Rectangular
Triangular
Others

By Penetration:

Walls
Decks
Floor
Others

By Service:

Core Drilling
Seals
Duct Installation
Others

By Application:

Commercial Facilities
Public Facilities
Industrial Facilities
Others

By Region:

North America
- USA
- Canada
Latin America
- Brazil
- Mexico
Europe
- Germany
- Italy
- France
- United Kingdom
- Spain
- BENELUX
- Russia
- Nordics
South Asia Pacific
- India
- ASEAN countries
- Oceania
East Asia
- China
- Japan
- South Korea
Middle East & Africa
- GCC
- Turkey
- South Africa
- North 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 is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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
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Sizzling Success: Unraveling the Global Ginger Beer Market’s 7.1% CAGR Journey from 2022 to 2032 | FMI

The global ginger beer market is positioned for rapid expansion, with a 7.1% CAGR expected between 2022 and 2032. It is projected to grow from its present valuation of US$ 4.7 billion in 2022 to roughly US$ 9.3 billion by 2032. This

Development is driven by two factors: younger consumers’ preference for lighter, less sugary beverages and the health benefits of ginger beer, which give it a peppery flavour.

The ginger beer market is expected to grow at a remarkable compound annual growth rate (CAGR) of 7.1% between 2022 and 2032. By the end of 2032, the ginger beer market is predicted to have grown from its present valuation of US$ 4.7 billion in 2022 to a valuation of roughly US$ 9.3 billion.

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Since ginger beer has a spicy flavour and is also healthy, it is becoming more and more popular with customers. Additionally, the consumer shift away from calorie-dense beverages and towards lighter, less sugary beverages is what is driving the worldwide ginger beer market share.

According to the Future Market Insights study on the market analysis for ginger beer, the younger generation has been consuming more and more of it recently. Use of ginger beer has a number of health benefits, which is the main cause of this rise.

Additionally, the lockdown brought on by the epidemic increased product sales, supporting the market expansion through the off trade distribution channel segment of the global ginger beer market.

The worldwide ginger beer industry, meanwhile, is being constrained by rigorous laws and limits imposed on the sales of ginger beer by the governments of many different nations. Such restrictions are placed due to the negative consequences of the artificial components and added sugar being used by some ginger beer manufactures.

Key Takeaways from Market Study

The overall growth of the global ginger beer market is estimated to be around US$ 4.7 Billion during the coming decade by following the average CAGR of 7.1%.
The non-alcoholic product segment holds the major share of the ginger beer market of about 75%, while the alcoholic segment is expected to witness the highest growth rate of 8.4%.
The flavored ginger beer products are the higher selling category contributing almost 60% of the revenue share. On the other hand, original ginger beer is getting popular in recent years with an estimated CAGR of 6.2% for the forecast years of 2022 to 2032.
Traditionally, on-trade distribution channels have remained the dominant segment for the ginger beer market growth by occupying a market share of more than 60%. However, with the rising popularity of the product the off-trade distribution channel is expected to witness a growth rate of 8% during the projected timeframe.
Among the broad geographical regions, North America holds more than 35% of the ginger beer market share. Contrastingly, Asia Pacific ginger beer market is gaining momentum in recent years with an overall growth rate of 8.4% projected for the years 2022 to 2032.

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Competitive Landscape

Some of the well-known ginger beer market players are Crabbie’s Alcoholic Ginger Beer, BUNDABERG BREWED DRINKS, Fever-Tree, Fentimans, RACHEL’S GINGER BEER, Gunsberg, Natrona Bottling Company, Beer Goslings Rum, Old Jamaica Ginger Beer, Q MIXERS, Stoli Group USA LLC, and Barritt’s Beverages International Ltd among others.

Recent Developments in the Global Ginger Beer Market:

East 9th introduced Lick Pier Tropical Ginger Beer in Sept 2021 that is a new category featuring tropical fruit tastes like pineapple and passion fruit. This initiative was undertaken by the ginger beer company to provide consumers with a variety of taste options and enhance the company’s sales.
Spinifex Brewing Company made an announcement in July 2021 about the introduction of a brand-new, non-alcoholic ginger beer that was infused with the native superfood Kakadu plum, which is also known as gubinge collected by Aboriginal tribes in Western Australia’s Kimberley area.

Ginger Beer Market by Segmentation

By Type:

Alcoholic
Non-alcoholic

By Flavor:

Original
Flavored

By Distribution Channel:

On-trade
Off-trade

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania

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Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Aircraft Carbon Brake Disc Market Demand Forecasted to Reach US$ 2.1 Billion by 2033

The aircraft carbon brake disc market demand is anticipated to expand its roots at an average CAGR of 5.9% between 2023 and 2033. The market is expected to have a market share of US$ 2.1 billion by 2033, while it is likely to be valued at US$ 1.18 billion in 2023

Stringent government policies, higher performance, cost efficiency, and longer shelf life are some leading factors contributing to market growth. Furthermore, the lighter weight of carbon brake discs also reduces fuel consumption, limiting the environmental impact of each flight.
Different grades of carbon brake discs offer various sets of properties that can be used according to the aircraft model and generation. Alongside this, the advanced feature of this type of brake disc also helps the overall flight experience.
The higher air travel, long-lasting performance, stable quality, and lower competitive cost are in line with the benefits of the aircraft carbon brake discs.
The enhanced operational and security flexibility is delivered through less maintenance and shorter braking distance. Furthermore, it is a part of the eco-friendly airplanes that are also flourishing in their market growth across the regions.

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Key Points

The United States market leads the aircraft carbon brake disc market in terms of market share in North America. The United States region held a market share of 27.2% in 2022. The growth in this region is attributed to the rising number of fleets, strict government policies around civil aviation, and an increased number of people taking flights.
The German market is another thriving market in the European region. The market captured a market share of 7.2% in 2022. The growth is attributed to the government’s efforts for environmentally friendly flights and Germany being the hub of aircraft and its parts manufacturing.
The China aircraft carbon brake disc market thrives at a CAGR of 6.3% during the forecast period. The growth is caused by the higher military aircraft consumption coupled with technological adoptions of the Chinese Airforce.
The India market thrives at a CAGR of 7.1% between 2023 and 2033. The higher growth rate is caused by higher consumption, aviation updates, and large investments in India’s civil aviation through government and private entities.
Based on material type, the carbon composite segment leads the market as it held a share of 65.5% in 2022.
Based on the aircraft type, the general aviation segment leads, holding a market share of 56.2% in 2022.

Competitive Landscape

The key vendors focus on producing lighter, more durable, and effective disc brakes. Key competitors merge, acquire, and partner with other companies to increase their supply chain and distribution channel.

Key Players

CFCCARBON CO, LTD
Crane Aerospace and Electronics
Mersen
Parker-Hannifin Corp.
Raytheon Technologies
RUBIN AVIATION CORPORATION
Safran
SGL Carbon
Thermocoax
ZOLTEK Corporation

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Recent Market Developments

Parker-Hannifin Corp has introduced the Parker multiple-disc carbon brake. The brake disc delivers a working pressure of 2000 psi and is made for commercial aviation usage.
Raytheon Technology’s Collins Aerospace has launched its carbon aircraft brake disc for aircraft of different sizes and shapes. The material used in the brake is a form of carbon developed under DURACARB.

Key Segments Covered

By Material Type:

Carbon-Carbon
Carbon-Composite

By Aircraft Type:

General Aviation

Commercial Aircraft
Narrow Body Aircraft
Wide Body Aircraft
Regional Jets

Military Aircrafts

By Fit Type:

First Fit
Retro Fit

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About the Automotive Division at Future Market Insights

The automotive team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations 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 of key trends including competitive landscape, profit margin, and research development efforts.

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Global Anti-Aging Vitamins Industry is anticipated to experience noteworthy expansion, reaching a projected US$ 3.5 Billion by 2033, according to FMI

In a significant stride forward, the global anti-aging vitamins industry, valued at US$ 1.5 billion in 2023, is projected to burgeon at a compelling CAGR of 8.8%. This trajectory anticipates a substantial leap, propelling the market to reach a valuation of US$ 3.5 billion by 2033.

Driving this robust growth is the steadfast dominance of the retinol segment, accounting for a commanding market share of 37.9% in 2022. Analysts predict that this segment will continue to spearhead advancements in the market, leveraging its efficacy in skincare formulations, thus contributing substantially to the market’s expansion.

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Market experts attribute this phenomenal growth to an increased focus on skincare and wellness, spurring the demand for anti-aging solutions. Additionally, rising consumer awareness about the benefits of anti-aging vitamins and a burgeoning aging population globally are instrumental in propelling market growth.

Moreover, the market’s evolution is underscored by the advancements in product formulations and the introduction of innovative offerings tailored to meet varying consumer needs. Manufacturers are diligently aligning with research and development initiatives, leveraging scientific advancements to enhance the efficacy of anti-aging vitamin products.

The forecasted expansion from US$ 1.5 billion in 2023 to an estimated US$ 3.5 billion by 2033 represents not only a significant growth opportunity for market players but also a promising landscape for consumers seeking effective anti-aging solutions.

With a projected compound annual growth rate of 8.8%, the global anti-aging vitamins market stands poised for an era of substantial growth, driven by innovation, consumer demand, and the ever-evolving landscape of skincare solutions.

Factors Restraining Demand for Anti-aging Vitamins by 2023 to 2033:

Despite the growing popularity of anti-aging products, several factors are expected to restrain the demand for anti-aging vitamins in the coming decade. These factors include:

Limited Scientific Evidence: The scientific evidence supporting the effectiveness of anti-aging vitamins is mixed. While some studies have shown that certain vitamins, such as vitamin C and vitamin E, may have some anti-aging benefits, other studies have been inconclusive or even shown negative effects. This lack of clear scientific consensus is likely to make consumers more hesitant to purchase anti-aging vitamins.

High Costs: Anti-aging vitamins can be expensive, especially for high-quality brands. This high cost is likely to price out some consumers, particularly those on a budget.

Safety Concerns: There have been some safety concerns raised about certain anti-aging vitamins. For example, high doses of vitamin A have been linked to liver toxicity. These safety concerns are likely to make consumers more cautious about taking anti-aging vitamins.

Preference for Topical Anti-aging Products: Topical anti-aging products, such as creams and lotions, are often seen as being more effective than oral anti-aging vitamins. This is because topical products can be applied directly to the skin, where they can have a more direct effect on the aging process. As a result, consumers may be more likely to purchase topical anti-aging products than oral anti-aging vitamins.

Rising Popularity of Natural Anti-aging Remedies: There is a growing trend towards using natural anti-aging remedies, such as herbal supplements and lifestyle changes. This trend is likely to further reduce demand for anti-aging vitamins.

Overall, the demand for anti-aging vitamins is expected to be restrained by a number of factors in the coming decade. These factors include limited scientific evidence, high costs, safety concerns, preference for topical anti-aging products, and rising popularity of natural anti-aging remedies.

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Key Takeaways:

The global anti-aging vitamins market is expected to reach US$ 3.5 billion by 2033, growing at a CAGR of 8.8% from 2023 to 2033.
Rising awareness of the benefits of anti-aging vitamins, increasing disposable income, and growing demand for preventive healthcare are driving the market growth.
The retinol segment is leading the market by ingredient type, followed by vitamin C and vitamin E.
North America is the largest market for anti-aging vitamins, followed by Europe and Asia Pacific.
The online distribution channel is expected to grow at the fastest CAGR during the forecast period.

Competitive Landscape in the Anti-aging Vitamins Market:

The market is highly fragmented with several competitors in the anti-aging vitamin production landscape. To meet consumer demand and expand their customer base, major companies are adopting methods such as mergers and acquisitions, partnerships and collaborations, and new product launches.

Key Developments in the Anti-aging Vitamins Market

In June 2022, The Estée Lauder Companies (ELC) announced the establishment of a new, cutting-edge distribution centre in Galgenen, Switzerland, to support the dynamic and future expansion of its global travel retail business.
In May 2022, BOLD (Business Opportunities for L’Oréal Development), L’Oréal’s corporate venture capital fund, announced a minority investment in Japanese cosmetics firm SPARTY, Inc. L’Oréal’s investment in SPARTY is the company’s first venture capital investment in Japan.
Similarly, recent developments related to companies manufacturing Anti-aging vitamins products have been tracked by the team at Future Market Insights, which are available in the full report.

Key Companies Profiled:

Estee Lauder Inc.
Procter & Gamble
Beiersdorf Limited
pmdbeauty.com & Age Sciences Inc.
Shiseido
Unilever
L’Oreal Paris
Revlon
Oriflame Cosmetics
Avon Products, Inc.
Natura & Co.
Coty Inc.,
KaoCorporation
Johnson & Johnson Services, Inc.
ZO Skin Health, Inc.
Cynosure, Inc
Luminis, Inc

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Key Market Segments Covered in Anti-aging Vitamins Market Research:

By Product:

Cream
Serums
Tablets/Capsules
Syrup
Others

By Application:

Skin Care
Hair Care

By Ingredients:

Retinol
Niacinamide
Ascorbic acid
Multivitamin

By Distribution Channel:

Supermarkets/Hypermarket
Cosmetic Stores
online stores
Pharmacies and specialty Stores

By Region:

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

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Amino Acids Market Anticipates Robust Growth with an 8.7% CAGR Forecast from 2023 to 2033

The global amino acids market is poised for significant growth, projected to reach a valuation of US$ 27.5 billion in 2023 and surge to US$ 63.4 billion by 2033, showcasing a robust CAGR of 8.7% throughout the forecast period. This expansion is fueled by increased consumer spending power and a growing awareness of healthy lifestyles and preventive healthcare. Amino acids play a crucial role in health supplements, offering benefits such as alleviating muscle pain, reducing fatigue, and mitigating cardiovascular disease risks. Moreover, their popularity as nutritional sports supplements is on the rise, with athletes favoring amino acid-based products like tablets, powders, and drinks to support muscle growth, contributing to the market’s dynamic growth trajectory.

The health benefits of amino acids are expected to drive increased demand for amino acids in various nutraceuticals and dietary supplements throughout the forecast period. Increasing consumer awareness of health and the demand for nutritious food have prompted food & beverage manufacturers to incorporate essential nutrients like amino acids into their products. This has led to a rise in customer demand for amino acids. Protein-rich diets, particularly favored by bodybuilders and athletes aiming to enhance performance and build muscle, contribute to market growth. Sports supplements such as energy drinks, nutrition bars, low-carb diets, and nutritional supplements further contribute to the market’s expansion.

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The demand for amino acids is further expected to rise due to manufacturers’ initiatives like product launches, expansions, and investments. The increasing demand for amino acids in industries such as food & beverages, cosmetics, dietary supplements, and pharmaceuticals, driven by their various health benefits, presents a great opportunity for market growth. With growing consumer awareness of these benefits, manufacturers are launching new products, expanding their facilities, and making investments to cater to the diverse needs of different end-users.

The pet food industry has experienced rapid expansion, fueled by the rising popularity of household pets such as dogs, cats, fish, and birds. With an expected increase in pet ownership over the next four years, there is significant potential for businesses catering to pet-related products. The growing adoption of pets across various countries is projected to drive the demand for pet food and amino acids used in pet food, medicine, and veterinary supplements. The increasing consumption of sodium amino acids in this sector is anticipated to further propel market growth.

Key Takeaways

The market in Asia Pacific is projected to grow with a promising CAGR of 9.6% during the forecast period.
European market is expected to grow with a CAGR of 8.6% during the forecast period.
By application, food and dietary supplements are expected to generate amino acid demand with a CAGR of 9.4% during the forecast period.
By product, L-glutamate segment is expected to generate demand with a CAGR of 8.8% during the forecast period.

“Increasing consumer spending on healthcare products and increasing demand for nutrient rich pet food products from pet food industry is expected to drive market growth,” comments an FMI analyst.

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Competitive Landscape

The market for amino acids is characterized by extreme competition, as key industry players are making significant investments to improve their manufacturing capabilities. Some recent developments in the amino acids market are:

In May 2022, Abbott announced the release of limited quantities of EleCare® specialty formulas.
In July 2021, Ajinomoto launched an amino acid supplement with clinical study and randomized controlled trial (RCT) support, aiming to reduce the risk of cognitive decline in healthy middle-aged and older individuals with memory loss.
In January 2022, Bayer AG announced the launch of Ambition, a novel amino acid-based medication tailored for the Chinese market.
On February 2, 2021, Evonik showcased an expanded portfolio of products and services at the digital EuroTier event.

Key Companies Profiled

Ajinomoto Co., Inc.
KYOWA HAKKO BIO CO., LTD.
Evonik Industries AG
AMINO GmbH
Taiwan Amino Acids Co. Ltd.
ADM Company
Cargill, Incorporated
DAESANG CORPORATION
Fufeng Group Company Limited

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Key Segments Profiled in the Amino Acids Market Survey

By Raw Material:

Plant-Based
Animal Based

By Application:

Animal Feed
Food & Dietary Supplements
Pharmaceutical

By Livestock:

Swine
Poultry
Cattle
Others

By Region :

North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
Middle East and Africa

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Nandini Singh Sawlani

Polymer Powerhouse: Navigating the Growth Trajectory of the Global Beverage Processing Polymers Market | FMI

Global beverage processing polymers market size is anticipated to be worth US$ 845.4 million in 2032 and US$ 591.5 million in 2022. The ability of polymers to aid in infiltration processes is anticipated to be beneficial for the market, particularly in the global beverage sector.

Because polymers have so many advantages, they are necessary for many applications, such as the manufacturing of food and drink products. The simplicity of processing polymers is one of the main factors driving demand in the beverage processing industry. Polymers are gradually replacing metals in the beverage processing industry because of their improved performance and lower maintenance costs during downtime.

Producers in the beverage processing polymers market are focusing on creating polymers blended with a range of modifiers, additives, and colours in order to meet end-user requirements. Because of their affordability and ability to boost output, beverage processing polymers are being used by the food and beverage industries more and more.

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Beverage Processing Polymers Market – Novel Developments

Key players in the beverage processing polymers market are focusing on product differentiation, with a primary objective of having a competitive edge. Moreover, leading players in the beverage processing polymers market are also channelizing their efforts toward mergers and acquisitions as a crucial part of the company’s growth & expansion strategy.

In 2018, Victrex plc- a key player in the beverage processing polymers market – presented a dedicated portfolio of ‘PEEK food grade’ polymers at the famous ‘Fakuma Show’ held in Germany. The new polymer portfolio released by the company are is highly productive, cost-effective, and offers superior performance in comparison to metals, with respect to adhering to regulatory as well as quality specifications of the food & beverage industry. Victrex PEEK will be one-of-its-kind in terms of optimizing efficiency and reducing production expenses for operators of the food & beverage industry.
In 2019, Celanese Corporation- a leading company offering chemical and specialty materials- made an official announcement of the completion of acquisition of Next Polymers Ltd.- a leading Indian engineering thermoplastics (ETP) compounders. This acquisition was aimed at boosting sales of the company’s product portfolio of nylon and other engineered materials and leverage untapped opportunities for growth amid the competitive scenario.

Beverage Processing Polymers Market- Dynamics

According to estimates, the Asia Pacific region will develop into a highly profitable market for beverage processing polymers, supported by a booming local food and beverage sector. Asia Pacific beverage processing polymers market expansion is anticipated to be driven by regional demand for both alcoholic and non-alcoholic beverages, including beer, soft drinks, flavoured milk, and other types.

The demand for beverage processing polymers is projected to be led by some of the important Asian nations, such as China, Indonesia, and Japan. The Asia Pacific beverage processing polymers market will be shaped by a number of food processing industries that are emerging in the region, despite the fact that the region continues to be widely diverse in terms of demographics, dietary choices, and economic levels.

Beverage Processing Polymers Market- Manufacturers Focus on Commercializing Distinguishable Products to Gain Long-Term Profitability

Manufacturers in the beverage processing polymers market are focusing on offering distinguishable products, which will help end-users to comply with quality standards while gaining cost advantages. Manufacturers are focusing on improving the wear resistance of their beverage processing polymers product line, which, in turn, is conducive to component shelf life. Manufacturers are getting their products tested vis-à-vis compliance with FDA regulation, thereby boosting end-user confidence and boost sales.

Manufacturers are entering into definitive agreements with food processing industries, which is helpful for their long-term profitability. Moreover, manufacturers are also ensuring crucial features, such as durability and scratch-resistance, of their products to boost recall value of their offerings.

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

Beverage Processing Polymers Market- Segmentation

By polymer type, the beverage processing polymers market is segmented into

PVPP & PVI
PVPP & PS
Caprolactum or Nylon 6
Polyethersulphone(PES)
PVDF

By beverage type, the beverage processing polymers market is segmented into

Wine & Beer
Tea
Coffee
Carbonated Drinks
Bottled Water
Fruit-based Beverages
Others

Beverage Processing Polymers Market- Report Highlights:

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

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Die Cutting Machine Market Projections Paint a US$ 1.6 Billion Landscape for 2033

The most recent market study on die-cutting machines predicts that during the forecast period (2023 to 2033), demand will increase globally at a CAGR of 2.3 %. The study’s goal is to examine significant market dynamics and identify important trends and opportunities that will boost Die-Cutter sales over the next ten years.

The factors influencing the shift in consumer behaviour and purchasing patterns are thoroughly examined in the report. In order to help market participants identify lucrative segments, it also offers refined sales projections.

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Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Die-Cutter

With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.

In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.

Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Die-Cutter market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.

Key Die-Cutter Market Takeaways and Projections

The U.S. is expected to lead the North America Die-Cutter market, projecting the fastest growth in the region between 2021 and 2031
Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2031.

Report Benefits & Key Questions Answered

Die-Cutter Historical Market Analysis: The detailed survey by FMI, examines key factors in the Die-Cutter market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Die-Cutter market for the forecast period 2021-2031.
Die-Cutter Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Die-Cutter for the assessment period. As per the study, the demand for Die-Cutter will grow at a robust CAGR between 2021 and 2031.
Die-Cutter Market Trend Analysis: The latest study by FMI on the Die-Cutter market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.

Competitive Landscape Analysis

The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Die-Cutter market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.

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Key Segments of Die-Cutter Market Covered in the Report

Based on Machine Type:

Manual
Semi-automatic
Automatic

Based on the Application:

Die-cutting/Through cutting
Perforating
Scoring
Creasing
Slitting

Based on the End Use:

Pharmaceutical & Healthcare
Textiles
Automobile
Industrial & Manufacturing
Others (Construction, etc.)

Based on the Region:

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

About Future Market Insights (FMI)

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

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Nandini Singh Sawlani

Europe Trolley Bus Market Growth Set to Hit US$ 999.1 Million by 2033 | FMI

As per the latest report from Future Market Insights (FMI), the Europe Trolley Bus Market Growth is projected to reach a valuation of US$ 999.1 million by the year 2033. The market is anticipated to grow at a moderate CAGR of 2.7% during the forecast period. By 2023, the market is expected to achieve a significant milestone, reaching US$ 765.4 million.

Growing initiatives in the development of sustainable urban public transport are beckoning the growth of the trolley bus industry in Europe. Governments in the region are collectively embracing electromobility, which is a potent tool, that helps mitigate the environmental impacts of transportation.

Research studies, moreover, on the trolley bus system are expected to support market growth. The recent development of in-motion charging (IMC), where buses run under wire possess enough battery to manage for a time being when off-wire. Consequently, backing the original path for electromobility extension in urban regions sans overhead lines.

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The deployment of the economic model has made it feasible to assess and specify the overall lifecycle costs of trolley buses. The intensive use of trolley buses makes them more cost-efficient than diesel buses. The future growth of trolley buses is contingent on their ability to travel without battery power.

Influencing the forecast scope of trolley buses is their ability to operate without a driver. Planning is going on to introduce driverless-operated trolley buses equipped with control guidance devices. Additionally, this electrical transport is predicted to favor public urban transport. This is especially so when the release of the rail system is not economically justified.

Top Highlights from the FMI’s Analysis of the Europe Trolley Bus Market:

The dual-powered segment is projected to grow at a significant pace over the assessment period. The segment is expected to outshine pure electric technology in the upcoming years. Research and development for the former segment are expected to drive its technological growth.
On the basis of application, local commute transportation is expected to generate significant growth opportunities. The growing adoption of greener passenger transport is anticipated to push market growth.
Italy is expected to generate a massive revenue share in the region. In Italy, the availability of well-established public transport infrastructure is projected to push regional growth.
France holds the potential for the trolley buses industry growth. Significant investments in trolley buses are expected to push the market growth. Additionally, new trolleybuses with 10% more capacity, are expected to be delivered by 2024.
Ukraine, another European country, observes high demand for trolley buses. Currently, this disputed place inhabits the world’s extensive trolley bus. Enhancing public transit infrastructure in Ukraine is expected to positively influence passengers to opt for the trolley bus.

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Keeping Abreast with the Market Ongoings: Market News

In March 2022, Solaris announced that it is going to deliver 15 trolley buses to Targu Jiu, Romania. This delivery came under the 7.5 million Euro deal.
Solaris Bus & Coach is a unit of Spain’s CAF. In November 2020, the company announced the supply of 65 hybrid and electronic buses and trolley buses to 5 Romanian cities.

Key Players in the Market

Construcciones y Auxiliar de Ferrocarriles, S.A.
OJSC Holding Managing Company Belkommunmash
ŠKODA Transportation a.s.
Kiepe Electric GmbH
Carrosserie Hess AG
Bohdan Motors JSC

Trolley Bus Market by Category

By Bus Type:

12 M
18 M

By Application:

Local Commute Transportation
Amusement Parks
Auxiliary Purpose

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By Technology:

Pure Electric
Dual Powered (Electric + Battery)

Country:

Russia
Germany
United Kingdom
Italy
Spain
France
Greece
Nordic
BENELUX
Ukraine
Romania
Rest of Europe

Author

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

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

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Nandini Singh Sawlani

Benzalkonium Bromide Market Set for Impressive Growth with a Projected CAGR of 8.2% by 2033

The benzalkonium bromide market is poised for substantial growth, with a projected valuation of US$ 883.6 million in 2023, anticipated to surge to US$ 1,943.3 million by 2033. This robust expansion is underpinned by an impressive Compound Annual Growth Rate (CAGR) of 8.2% throughout the forecast period. The escalating demand for benzalkonium bromide, a versatile compound with applications across various industries, underscores its increasing significance in the market landscape. The projected market size reflects a positive trajectory, indicative of the compound’s widespread utilization and its pivotal role in diverse sectors.

The benzalkonium bromide market is experiencing significant growth due to its wide range of applications in various industries.

Benzalkonium bromide, or BAC, is a quaternary ammonium compound with excellent antimicrobial properties. It is extensively used as a preservative, disinfectant, and surfactant in pharmaceuticals, cosmetics, agriculture, and personal care products.

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The growing demand for these applications across the globe is driving the market for benzalkonium bromide. Rising awareness regarding hygiene and the need for effective antimicrobial solutions in healthcare settings further contribute to market growth. Additionally, the increasing use of benzalkonium bromide in producing sanitizers and disinfectants, especially during the COVID-19 pandemic, has propelled its demand.

With ongoing research and development activities to enhance its efficacy and expand its applications, the benzalkonium bromide market is poised for continued growth in the coming years.

The United States holds a commanding market share in the benzalkonium bromide market, with an expected share of 15.1% in 2022. The country’s well-established healthcare industry, emphasis on hygiene and infection control, and demand for effective sanitizing solutions contribute to its emergence as an opportunistic market.

On the other hand, Germany is expected to reach a share of 8.0% in 2022, driven by its well-developed pharmaceutical and healthcare industries and strict hygiene and infection control regulations.

In the Asia Pacific region, China stands out with an expected growth rate of 7.5% CAGR. China’s strong manufacturing capabilities, growing pharmaceutical and healthcare sectors, and government initiatives to improve healthcare infrastructure and promote hygiene practices contribute to its prominence in the market.

The industrial grade of benzalkonium bromide is projected to register a value share of 17.4% in 2022. Its wide use in various industrial applications, including water treatment, oil and gas, agriculture, and manufacturing, drives its demand.

The cosmetic industry also plays a significant role, with the coatings industry acquiring a 45.3% share in 2022. Benzalkonium bromide’s effectiveness as a preservative and antimicrobial agent in cosmetics, ensuring product safety and shelf life, makes it a preferred choice for various cosmetic formulations. The increasing demand for cosmetics and personal care products, along with the emphasis on product safety and hygiene, drives its usage in the cosmetic industry.

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Recent Developments

Mankind Pharma, an Indian pharmaceutical company, announced a toilet seat sanitizer splash under its current name Safekind. The shower is mostly for women and allows for easy use of unsanitary toilets, particularly when using public restrooms.

Novo Nordisk Pharmatech A/S teamed with DKSH’s Business Unit Performance Materials in 2019 to distribute its quats, which include Benzalkonium Chloride (BKC), Cetrimonium Bromide (CTAB), Cetrimide, and Strong Cetrimide. The chemical distributor planned to distribute these quats to a broad client base in Australia, New Zealand, Japan, Indonesia, South Korea, Thailand, Malaysia, the Philippines, China, Taiwan, and Singapore.

Key Companies Profiled

Dishman Carbogen Amcis Limited
Henan Kangxing, Taicang Pharmaceutical Factory
Luoyang Tianmeng
Merck KgA
MR Pharma Inc.
KLK OLEO
PROFARMA-PRODUKT, s.r.o.
TCI Ltd.

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Benzalkonium Bromide Market

By Grade:

Pharma Grade
Industrial Grade

By Function:

Preservative
Cationic Surfactant
Cosmetic
Other

By Application:

Personal care
Fabric care
Pharmaceuticals
Others

By Region:

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

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Nandini Singh Sawlani