Market Research Blog

The global data center transformation market size is estimated at USD 10.05 billion in 2023 and is projected to grow at a CAGR of 13.5% from 2023 to 2033. In 2033, the size of the world market would be USD 35.65 billion.

Data centers are under pressure due to the ongoing adoption of cutting-edge technologies by various enterprises, including big data analytics, cloud computing, and the Internet of Things (IoT), as part of their plans for digital transformation.

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This in turn increases demand for data center transformation on a worldwide scale. It is anticipated that the sector would benefit greatly from the increased need for software-optimized data centers on a global scale.

Stumbling Blocks in the Market

A shortage of skilled labor and problems with regulatory and portability compliance are impeding the data center transformation market expansion. The management of utilities, physical security, building upkeep, and other physical components are not subject to customer control because colors are managed by a different organization.

Despite having no control over the location, the supplier completely manages their data centers using the public cloud, taking care of equipment maintenance and upgrades. Thus, the market for data center transformation is being restricted by all of these constraints.

The Leading Market Share Belongs to North America

North America dominated the global market and is expected to grow at a significant CAGR during the forecast period. The data center transformation market expansion in this region is primarily being driven by the early construction of data centers and significant investments in technological advancements.

The data center transformation market expansion is anticipated to be significantly aided by the growing use of data centers in the education, healthcare, and BFSI sectors.

Key takeaways

• With 44.9% of the data center transformation market share in 2023, North America led the way, and during the forecast period, it is anticipated to rise at a CAGR of more than 13.0%.
• During the forecast period, Asia-Pacific data center transformation market is anticipated to exhibit the considerable CAGR of over 14.0%.
• With a maximum revenue share of 36.2%, the consolidation services segment led all service segments during the projected period and is anticipated to continue to lead.
• In the end-user category, the cloud service providers segment had a key revenue share of 46.2% and is expected to increase at the maximum CAGR of almost 13.0% over the projection period.
• By 2033, the verticals section’s IT and telecommunication segment generated USD 8176.48 million in revenue, and it is anticipated that this segment would expand at a CAGR of 12.0% over the forecast period.

The global adhesive for resilient floor market is projected to reach a value of USD 2,969.5 million in 2024 and is expected to continue its growth at a compound annual growth rate (CAGR) of 6.3% throughout the forecast period. By 2034, the market is anticipated to nearly double, achieving an estimated value of USD 5,482 million. This growth is driven by the increasing demand for resilient flooring solutions in various sectors, including residential, commercial, and industrial applications, where strong, durable adhesives are essential for ensuring the longevity and performance of flooring systems.

Market Drivers and Trends

The demand for luxury residential and commercial spaces in East Asia, particularly in countries like China and South Korea, is expected to drive the market. China’s construction industry is projected to grow at an annual rate of 8.5%, supporting the need for high-quality flooring materials and adhesives.

The United States remains a key player, driven by home renovations and new constructions. The increasing focus on green building practices and strict environmental regulations are propelling the demand for eco-friendly adhesives. For example, single-family home construction in the U.S. increased by 11% in 2021, according to the National Association of Home Builders (NAHB).

Key Industry Highlights

• The construction sector’s growth is a crucial driver for resilient floor adhesives, with significant investments in both new builds and renovations across developed and emerging regions.
• The rising demand for eco-friendly, low-VOC, and water-based adhesives, spurred by stringent environmental regulations, is shaping market trends.
• The global rise in renovations presents substantial growth opportunities, especially in developed markets like the U.S. and Europe, where a significant portion of construction activities involve upgrading existing structures.

Key Trends:

Renovation and Remodeling: A global rise in renovation activities is creating significant opportunities for adhesives specifically designed for resilient floors.

Eco-friendly Solutions: Growing environmental awareness is leading to increased demand for sustainable adhesives, especially in regions with stringent regulations like the United States and Europe.

Navigate the Adhesive for Resilient Floor Market Landscape with Expert Findings in the Complete Report!

Competitive Landscape

Key players in the industry include Pidilite Industries Limited, Dow Chemicals, Huntsman Corporations, Sika AG, Mapei SpA, Ardex, Henkel AG & Co, and H.B. Fuller. The global adhesive for resilient floor market is highly fragmented with a mix of large-scale leaders and several small-scale regional players creating a dynamic environment for growth.

This structure facilitates a competitive landscape that demands innovation and adaptability. This further opens up new opportunities for growth and expansion.

Manufacturers in the industry are progressively investing in the development of sustainable materials amid the rising demand for eco-friendly solutions across several industries. They are providing their consumers with customized and aesthetically appealing materials and designs to stand out among competitors. The market is witnessing substantial investments in research and development to facilitate the adoption of bio-based materials in the industry.

Leading Adhesive for Resilient Floor Brands

• Pidilite Industries Limited
• Dow Chemicals
• Huntsman Corporations
• Sika AG
• Mapei SpA
• Ardex
• Henkel AG & Co
• H.B Fuller
• Forbo Holding
• 3M
• Arkema S.A
• Panacol-Elosol GmbH
• Wacker Chemie AG
• Laticrete International
• Bono AB

Key Segments of Market Report

By Resin Type:

In terms of resin type, the industry is segregated into epoxy, polyurethane, acrylic, and vinyl.

By Formulation:

The formulation type is classified as water-based, solvent-based, and hot-melt.

By Floor Type:

By floor type, the industry is divided into vinyl, wood, carpet, laminate, and linoleum. Vinyl is further segregated into epoxy, polyurethane, acrylic, and vinyl. Wood is classified into epoxy, polyurethane, acrylic, and vinyl. Carpet is divided into epoxy, polyurethane, acrylic, and vinyl. Laminate is sectioned into epoxy, polyurethane, acrylic, and vinyl. Linoleum is divided into epoxy, polyurethane, acrylic, and vinyl.

By End-use:

Residential, commercial, and industrial are the main end-uses. Residential is further segregated into single-family homes and apartments. Commercial is divided into offices, retail spaces, sports arena, healthcare facilities, and hotels and restaurants. Industrial is classified in warehouses and shop floors.

By Region:

The market is spread across North America, Latin America, Europe, East Asia, South Asia, and the Middle East and Africa.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Growing demand for electric vehicles and electronics necessitates advanced, high-energy, and secure battery solutions, propelling demand for silicon-anode lithium-ion batteries. Developments in battery chemistry, manufacturing, processing, recycling technologies, and infrastructure investments are further projected to fuel the growth.

The automotive industry plays a pivotal part in propelling the silicon anode lithium-ion battery market, fuelled by the necessity for secure and dependable energy sources. Silicon anode batteries exhibit superior safety compared to alternative anode materials like carbon and graphite, offering extended battery life and sustainability.

Silicon anode lithium-ion batteries prove their effectiveness in aerospace applications due to their high energy density and efficiency, surpassing conventional graphite anodes. With a capacity approximately ten times greater than graphite, silicon emerges as a promising option for aerospace applications where weight reduction and energy efficiency are vital.

Factors Influencing the Growth of the Silicon Anode Lithium-Ion Battery Market

The Silicon Anode Lithium-Ion Battery market is witnessing substantial growth, driven by advancements in energy storage technology, the rising demand for electric vehicles (EVs), and the global push for cleaner, more sustainable energy solutions. Silicon anodes, which offer greater energy density and longer cycle life compared to traditional graphite anodes, are positioning themselves as a transformative component in the battery industry. The following factors are key to the expansion of this market:

1. Rising Demand for Electric Vehicles (EVs)

The surge in electric vehicle adoption is one of the most significant drivers of the Silicon Anode Lithium-Ion Battery market. Silicon anodes provide higher energy density, making them an attractive option for EV manufacturers who seek longer driving ranges on a single charge. As governments around the world tighten emission standards and provide incentives for EVs, the demand for batteries with superior performance, like those with silicon anodes, is growing rapidly.

2. Enhanced Energy Density

Silicon anodes have the potential to increase the overall energy density of lithium-ion batteries. Compared to traditional graphite, silicon can theoretically store up to ten times more lithium ions, allowing for batteries that are smaller and lighter while providing more power. This is particularly important for applications such as electric vehicles and portable electronics, where high energy density is essential for optimal performance and convenience.

3. Technological Advancements in Battery Manufacturing

Ongoing research and development in battery technology are playing a crucial role in the growth of the silicon anode battery market. Innovations that address the limitations of silicon anodes, such as volume expansion during charging and reduced cycle life, are driving their commercialization. Techniques like the development of silicon composites or the use of nano-structured silicon are helping to improve the performance and stability of these batteries, making them more feasible for mass production.

Shape Your Strategy with In-Depth Insights from the Silicon Anode Lithium-ion Battery Market Report!

Competitive Landscape

Sila Nanotechnologies, Amprius Technologies, Group14 Technologies, Enovix Corporation, and NanoGraf Corporation are the key companies profiled in the full version of the report. Leading silicon anode lithium-ion battery manufacturers and suppliers are actively investing in continuous research to create new and advanced materials and improve their manufacturing processes to cater to end-user needs.

Recent developments-

• In March 2024, NanoGraf opened a new facility for advanced manufacturing and expanded research and development capabilities in Chicago.
• In March 2024, NEO Battery Materials filed a 9Mn patent for a manufacturing innovation in NBMSiDE®, resulting in improved yield, capacity, and quality in silicon anode production.

More Insights into the Silicon Anode Lithium-ion Battery Market Report

In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the global silicon anode lithium-ion battery market, providing historical data from 2019 to 2023 and forecast statistics for the period 2024 to 2034.

To understand the global market potential, growth, and scope, the market is segmented based on capacity (<3000 mAh, 3000 mAh to 10000 mAh, >10000 mAh), material (nanostructured silicon anode, Si-based carbon composite anode), application (automotive, consumer electronics, aerospace, industrial, power, others), and region.

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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
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The global hydrosulfite market is set to experience significant growth, with its value projected to rise from USD 1,546.7 million in 2024 to USD 2,090.5 million by 2034. This growth is driven by a steady increase in demand for hydrosulfite, which is forecast to expand at a CAGR of 3.1% over the next decade. Hydrosulfite, widely used in industries such as textiles, paper, and pharmaceuticals for its reducing and bleaching properties, is expected to see broader adoption across various applications, contributing to the market’s robust expansion throughout the forecast period.

Hydrosulfite is set to be extensively used across several industries for its versatile properties. In the paper and pulp industry, it serves as a bleaching agent, enhancing the brightness and quality of paper products.

Textile manufacturers utilize hydrosulfite for fabric bleaching, ensuring vibrant colors and improved aesthetics. In the food and beverage sector, it is used for whitening flour and sugar. The cosmetics and personal care industry also relies on hydrosulfite for hair-bleaching and skin-lightening purposes.

Manufacturers are expected to respond to the increasing demand by raising their production capacities, thereby ensuring a steady supply to meet industry needs. Rising demand for sodium hydrosulfite from the textile industry as a bleaching agent is also expected to compel manufacturers to increase production to meet the growing requirement for colorfast fabrics. This symbiotic relationship between supply and demand drives market expansion and sustains industry growth.

The hydrosulfite market is poised for significant growth in the estimated period, propelled by expanding industrial sectors, particularly in emerging economies. Rising demand for high-quality products, coupled with increasing environmental regulations favoring eco-friendly bleaching agents, is set to augment market expansion. Advancements in hydrosulfite technology, such as the development of more efficient and sustainable manufacturing processes, are further expected to fuel growth in the assessment period.

Hydrosulfite Market Trends: Driving Growth in Wastewater Treatment Solutions

The hydrosulfite market is experiencing notable growth, driven by the increasing need for effective wastewater treatment solutions. Hydrosulfite’s ability to efficiently remove impurities and pollutants from wastewater positions it as a vital component in various treatment processes. As industries and municipalities face stringent regulations regarding wastewater discharge, the demand for hydrosulfite is expected to surge.

A prime example of this trend is seen in the paper and pulp industry, where wastewater often contains high levels of organic compounds and colorants. Hydrosulfite is used to effectively decolorize and purify water before discharge, ensuring compliance with environmental standards. The global push for stricter environmental regulations further supports the growth of hydrosulfite sales.

Additionally, the increasing emphasis on sustainable practices is accelerating the adoption of hydrosulfite in wastewater treatment applications. This combination of regulatory pressure and environmental awareness is expected to drive significant market growth, creating lucrative opportunities for market players in the coming years.

Explore the Full Hydrosulfite Market Report for Expert Insights!

Competitive Landscape

The global hydrosulfite market is consolidated, with leading players accounting for about 55% to 60% share. Alfa Aesar, Thermo Fisher Scientific, BASF SE, Bruggemann Chemical GmbH & Co. KG, Chemtrade Logistics, Inc., Esseco Group, Hansol Chemical, Helm AG, Mitsubishi Gas Chemical Company, Inc., Royce International Corp., TCP Limited, Transpek-Silox Pvt Ltd, and Montgomery Chemicals are the leading manufacturers and suppliers of hydrosulfite listed in the report.

Hydrosulfite Market Segmentation

By Product Type:

• Sodium Hydrosulfite
• Potassium Hydrosulfite
• Others

By Form:

• Solid
• Liquid

By Application:

• Reducing Agent
• Bleaching Agent
• Antioxidant
• Others

By End Users:

• Paper & Pulp Industry
• Food & Beverages
• Textile Industry
• Cosmetics & Personal Care
• Others

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• East Asia
• South 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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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The swift progress in electronic devices and display technologies is the main factor encouraging market expansion of display glass substrates. The glass substrate industry is also governed by demand from several end-use industries, including solar power, automotive applications, medical, aerospace, and defense. Creating environmentally friendly glass substrates through sustainable production techniques has emerged as a significant component, shifting the market landscape as environmental concerns gain traction.

The key display glass substrate market impediment is the increasing high cost of display glass substrate manufacturing and technology development. For manufacturers of glass substrates, the expanding solar power industries and the latest advancements in display technology provide lucrative opportunities. Tight quality standards are the essential constraints hindering the sales of glass substrates.

Regional Outlook

• The Asia Pacific display glass substrate market is spurred primarily by the growing display panel sector in nations like South Korea and China. Glass substrate applications are growing due to rising investments in the solar power sector in countries like India and Japan.
• The adoption of glass substrates is fostered in Europe by focusing on sustainable practices and strict environmental restrictions. The demand for glass substrates in Europe is stimulated by the automobile sector’s emphasis on lightweight materials for fuel efficiency.
• The material is used for robust and lightweight electronic components, and the aerospace sector in North America is a major player in the glass substrate industry. The demand for premium glass substrates continues to rise in North America due to ongoing advancements in the healthcare industry, namely in medical imaging

Growth Drivers in the Glass Substrate Market

The glass substrate market is witnessing significant growth due to a combination of technological advancements and increasing demand across various industries. Glass substrates are widely used in the production of display panels, particularly for flat-panel displays in smartphones, televisions, and tablets, as well as in solar cells, electronics, and optical devices. Several factors are driving the growth of this market:

1. Rising Demand for Display Technology: With the continuous advancement of consumer electronics, particularly in the display sector, the demand for high-quality glass substrates has increased. Technologies such as OLED, AMOLED, and LCD displays require high-quality glass substrates to provide enhanced image clarity and durability. This demand is further fueled by the growing adoption of advanced consumer electronics like smartphones, tablets, and smart TVs.
2. Technological Advancements in Glass Production: Innovations in glass manufacturing techniques, such as ultra-thin and chemically strengthened glass substrates, are opening up new opportunities in the market. These advancements allow for the production of thinner, lighter, and more durable glass substrates, which are essential for the next generation of mobile devices and wearables.
3. Growth in Solar Panel Market: The renewable energy sector is a major contributor to the growth of the glass substrate market. Glass substrates are crucial in the production of solar panels, especially for photovoltaic (PV) modules. As governments and industries continue to invest in clean energy and sustainable technologies, the demand for high-quality glass substrates for solar panels is expected to rise.

Discover Detailed Findings in the Complete Report!

Competitive Landscape

Strong competition among prominent glass substrate vendors fighting for market share is a defining feature of the market. Factors including product innovation, technology developments, and strategic alliances significantly shape the market landscape of glass substrate. The glass substrate manufacturers concentrate on strengthening their position in the market by increasing their global footprint through partnerships, mergers, and acquisitions.

Maintaining competitiveness depends on research and development efforts to improve product quality and performance. Pricing tactics, supply chain efficiency, and sustainability initiatives are major factors influencing the competitive dynamics of the glass substrate market.

Noteworthy Advancements

• BOE introduced a new P0.9 glass-based Mini LED display product in June 2022. It uses small LED crystal particles as pixel luminous spots and boasts the lowest power consumption, highest bit number, and the world’s first mass manufacturing.
• SKC, a South Korean conglomerate SK Group division, declared in February 2022 that it would construct a semiconductor glass substrate fabrication factory in Covington, Georgia, spanning 12,000 square meters and costing US$80 million. The plant is expected to be expanded to 72,000 square meters by 2025.

Prominent Glass Substrate Market Players

• AGC Inc.
• Apogee Enterprises Inc
• Corning Inc.
• DuPont de Nemours Inc.
• HOYA Corp.
• IRICO Group New Energy Co. Ltd.
• Kyodo International Inc.
• Laseroptik GmbH
• MTI Corp.
• Nippon Sheet Glass Co. Ltd.
• NOVA Electronic Materials LLC
• Ohara Inc.

Key Segmentation

By Type:

• Borosilicate
• Silicon
• Ceramic
• Quartz
• Others

By End Use Industry:

• Automotive
• Aerospace and Defence
• Healthcare
• Solar Power
• Electronics
• Others

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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube