USB Type-C Market Paves the Way with a Projected 23.6% CAGR, Anticipating 19,570.57 Million Unit Sales by 2033

By 2033’s end, it is anticipated that the global USB Type-C market will have grown at a CAGR of 23.6% and sold more than 19,570,57 million units.

According to Future Market Insights, the USB Type-C industry is attracting more customers for the following reasons:

  • USB Type-C is becoming really popular worldwide because it makes transferring data through a special USB Type-C port much faster and safer.
  • A bunch of different industries are using USB Type-C, like computers, wireless devices, cars, gadgets we use at home, and even robots!
  • People love USB Type-C at home and work because it’s perfect for our flexible and mobile lifestyles, especially when we’re working from home.
  • USB Type-C is like the future of charging because it’s super fast, so your devices charge up quickly.
  • Another cool thing is that you can plug in USB Type-C cables in any direction, which is a huge relief. Plus, it’s an international standard, so you won’t need different adapters when you travel.

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Despite this phenomenal growth, the market faces certain constraints and challenges:

  • Compatibility Concerns: The transition from traditional USB connectors to USB Type-C has raised concerns about compatibility with existing devices, necessitating adapters and potentially hindering adoption in some cases.
  • Counterfeit Products: The market grapples with counterfeit USB Type-C products, which not only tarnish the reputation of genuine manufacturers but also pose risks to consumers’ devices.
  • High Initial Costs: The implementation of USB Type-C technology in devices can incur higher production costs, potentially impacting pricing strategies and market penetration.
  • Standards and Regulations: Evolving standards and regulations in the technology industry can create uncertainty for manufacturers and may require frequent updates to ensure compliance.

Key Highlights of the USB Type-C Market Report: 

  • The United States USB Type-C industry is projected to procure the lion’s share over the next 10 years. The market is estimated to gain total sales of US$ 5,429.4 million in 2023. By 2033, the United States sales of USB Type-C are predicted to reach US$ 36,829.28 million.
  • Germany is anticipated to cross sales worth US$ 1,411.1 million by 2023 end, resulting in its prominent position in the European market. The market growth in the country is predicted to be a result of its technology-savvy population.
  • In East Asia, China is expected to record remarkable sales over the forecast period. The country is assessed to witness product sales worth US$ 1,984.6 million by 2023. The rising young population in the country is projected to be instrumental in the market growth in China.

New Developments in the Global USB Type-C Market:

  • In December 2022, STMicroelectronics introduced the X-CUBE-TCPP software pack that enhances the portfolio of USB Type-C STM32 interface IP (intellectual property) and port-protection ICs. The new launch helps simplify the sustainable product design leveraging the USB Power Delivery.
  • In February 2021, STMicroelectronics launched the USB Type-C Power Delivery 3.0 version reference design, in addition to Programmable Power Supply (PPS). These new developments are projected to facilitate compact, easy-to-use, and efficient power adapters to accelerate to up to 27W with 0 power operation. USB PPS helps save power and lessen heat dissipation and device-charging times to cut costs on the device side.

Key players in the global USB Type-C Market:

  • Anixter International
  • STMicroelectronics
  • NXP Semiconductors
  • Texas Instruments
  • Belkin International Inc.
  • Microchip Technology Inc.
  • Silicon Laboratories
  • ON Semiconductor
  • Hirose Electric Group
  • Analogix Semiconductor Inc.
  • Analog Devices Inc.
  • ROHM Semiconductor
  • Richtek Technology Corporation
  • Diodes Incorporated

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USB Type-C Market Segmentation:

By Application:

  • Smartphones & Tablets
  • Personal Computers & Laptops
  • Digital Cameras
  • TVs
  • Chargers & Adapters
  • Media Players
  • Others

By Industry:

  • Consumer Electronics
  • Automotive
  • Media & Entertainment
  • Telecommunications
  • Healthcare
  • Others

By Region:

  • North America
  • Latin America
  • 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 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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Tourism Security Market Set to Soar with US$ 11.39 Billion Revenue and 8.7% CAGR Expected by 2033 | FMI

At a compound annual growth rate (CAGR) of 8.7% between 2023 and 2033, the global market for tourism security, currently valued at US$ 4.94 billion, is projected to reach US$ 11.39 billion by 2033.

According to WTO tourism figures, up to 117 million foreign visitors traveled throughout the globe in the first quarter of 2022. The good news is that this amount represented an increase of 76 million over the prior year (Q1).

Security and safety are the basic necessities of travelers. The historical sites, theme parks, restaurants, hotels, for addressing safety concerns at well-known tourist destinations, make use of police security services and private security organizations. Tourism vertical could be turned into the highest revenue-generating vertical by taking care of basic safety and security norms. In all, the ability of a tourist destination to make provisions for secure and safe atmosphere for the visitors would be determining the success.

The middle class population in regions like Mexico, Brazil, India, and China is witnessing an expansion in the wake of rapid industrialization. This, in turn, calls for tourism spreading to more number of nations.

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At the same time, the fact that tourism security is subject to threats, that too, virtual – can’t be ignored. It needs to be noted that cyber security is equally important in the present scenario. Internet drives the entire travel and tourism sector; right from room occupancy, billing, bus schedules, flight patterns, credit card payments, room service, and likewise.

Initially, these activities fell under the category of ‘cybercrime’, but now they could be termed as ‘cyber terrorism’ (looking at the volumes committed). Many of the tourist sites aren’t well-equipped to fight these attacks. This factor could restrain the tourism security market in the near future. Plus, these days, frauds happen through false payment gateways as well. The senior citizens would be amongst the worst-affected ones as they would incur heavy losses by the time they get to know that their accounts have been tampered with.

Future Market Insights has entailed these facets with future perspectives in its latest market study entitled ‘Tourism Security Market’. The line of expertise in the form of analysts and consultants is there to execute with its bottom-up approach in its primary, secondary, and tertiary modes of research.

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“With increasing frequency of tourists traveling abroad, the global tourism security market is likely to grow manifold in the forecast period”, says an analyst from Future Market Insights.

Key Takeaways from Tourism Security Market

North America holds the largest market share followed by Europe and the Asia-Pacific. This could be attributed to the increasing awareness about security in tourism around the world.

The key players in tourism security market

  •  Olive Group
  • Triple Canopy
  • Control Risks
  • United Healthcare Global
  • MEDEX Global Solutions etc.

What does the Report state?

  • The research study is based on safety issues (tourism and security issues, tourism and crime issues, and tourism crisis management issues), by age group (15 to 25 years, 26 to 35 years, 36 to 45 years, 46 to 55 years, 56 to 65 years, and 66 to 75 years), by booking channel (phone booking, online booking, and in-person booking), and by tourist type (domestic and international).
  • Tourism security market is expected to gloat over ascertaining that visitors end up having a trouble-free and pleasurable experience.

Tourism Security Market by Category

By Safety Issues:

  • Tourism and security issues
  • Tourism and crime issues
  • Tourism crisis management issues

By Age Group:

  • 15 to 25 years
  • 26 to 35 years
  • 36 to 45 years
  • 46 to 55 years
  • 56 to 65 years
  • 66 to 75 years

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In person Booking

By Tourist Type:

  • Domestic
  • International

By Region:

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the world

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.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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5G in Automotive and Smart Transportation Market Paves the Way for Remarkable Expansion with a Projected CAGR of 35.4% from 2023 to 2033

The 5G in automotive and smart transportation market is expected to reach from US$ 2.02 billion in 2023 to US$ 41.78 billion by 2033. The market is expected to register a 35.4% CAGR from 2023 to 2033.

The rising demand for high-speed data connectivity for unified Internet of Things (IoT) applications like smart home energy management is expected to drive the market

Fuel tracking, Advanced Driver-Assist Systems (ADAS), real-time navigation and communication, in-vehicle multimedia systems, speed and cruise control, and improved fleet management, among other features, have been made possible by 5G technology. Similarly, service providers are concentrating on improving vehicle-to-everything (V2X) communication systems to increase road safety and reduce incidents of accident.

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As national governments around the world take steps to reduce road accidents, the integration of real-time navigation powered by 5G has emerged as an attractive solution, which is likely to accelerate adoption. Furthermore, the growing adoption of multimedia services in the passenger transportation sector, as well as the resulting demand for high bandwidth networks to support them, may drive the expansion of 5G in the automotive and smart transportation markets.

Growing emphasis of 5G system integration providers on forming agreements with telecom operators is expected to boost the usage of these services. As part of their attempts to remain competitive in a highly competitive climate, several industry verticals are focused on technology changes to boost overall productivity and operational efficiency.

The 5G wireless technology has the potential to assist in realizing dramatic transformations across all these verticals by lowering overall costs and increasing productivity. The continuing focus on enhancing energy monitoring and management, as well as obtaining greater control of the energy generating and distribution network, is likely to drive market expansion throughout the projection period.

Key Points from the 5G in Automotive and Smart Transportation Market Report:

  • Increasing engagement from top automotive and telecom firms, an increase in connected vehicles, and increased internet penetration are the key drivers predicted to drive the 5G in automotive and smart transportation market during the forecast period.
  • 5G in automotive and smart transportation market is expected to record a CAGR of 35.4% during the forecast period 2023 to 2033.
  • North America dominated the 5G in automotive and smart transportation market.

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Key Development in the 5G in Automotive and Smart Transportation Market

  • March 2019 – Qualcomm unveiled the first 5G Dual SIM Dual Active and New 4G LTE-Advanced Pro-Tiered Platform Suite for the Automobile Industry, with C-V2X Optimized and Customized Location Support for Next-Generation Vehicles.
  • January 2020 – Qualcomm Technologies, Inc. developed a Car-to-Cloud Service powered by 5G to assist manufacturers in keeping cockpit and telematics systems up to date.
  • February 2021 – AT&T announced a collaboration with Microsoft cooperation, which connects the AT&T 5G Network with the Azure Private MEC and builds on the two companies’ current edge work. On the other hand, the AT&T Private 5G Edge is intended to be an integrated platform that provides embedded applications and connectivity through a single platform, employing AT&T and CBRS spectrum as needed to meet customer needs.
  • November 2022 – Nokia Corporation announced that Bali tower extends its relationship with Nokia by utilizing Nokia mobile transport solutions and services to upgrade its operations, network architecture, and reliability to deliver expanded 5G services to its customers while improving user experience, lowering total cost of ownership, and preparing the nationwide network for 5G.

Key Companies in the Market:

  • Audi Group
  • BMW Group
  • Robert Bosch GmbH
  • Deutsche Telekom AG
  • Telefonaktiebolaget LM Ericsson
  • Huawei Device Co. Ltd.
  • Daimler AG
  • Mercedes-Benz
  • Nokia
  • Qualcomm Technologies Inc.
  • Telefónica S.A.
  • Verizon
  • Vodafone Limited
  • Volkswagen

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Key Segments Covered

By Solution:

  • Hardware Components
  • Software Solutions
  • Services

By Application:

  • Vehicle-to-Everything
  • Infotainment & Telematics
  • Fleet Management

By Industry:

  • Automotive
  • Defense
  • Transportation Infrastructure (Highways, etc.)
  • Warehousing & Logistics
  • Public Safety
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • The 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
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Digital Risk Protection Platform Market Surges Towards a US$ 2,748.55 Million Industry by 2033 with a Remarkable 10.1% CAGR

The digital risk protection platform market is expected to thrive at a CAGR of 10.1% between 2023 and 2033. The market is expected to cross a market share of US$ 2,748.55 million by 2033 while it is likely to be valued at US$ 1,050.5 million in 2023.

  • Established businesses going online, increasing online banking services and payments, and storage of intellectual property are flourishing the demand for services.
  • Governments building stringent norms to eliminate cyber threats and promoting enhanced security solutions are expected to garner growth for the market.
  • Growing e-commerce businesses increasing phishing and other attacks. This is fueling the demand for digital security platforms.
  • New security properties delivered by vendors like secured cloud storage, advanced threat protection, and email protection are fueling the demand for digital risk protection solutions.
  • Advanced SOCRadar digital risk protection platform is applied across the industry verticals, which acts as digital risk protection further fuels the market growth.  

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Key Takeaways from the Digital Risk Protection Platform Market Report:

  • The United States market is likely to lead the digital risk protection platform market in terms of market share and CAGR in North America. The market is expected to thrive at a leading CAGR of 7.2% between 2023 and 2033. The market growth is attributed to the rapidly growing e-commerce and outsourcing businesses. The regional market is likely to cross a value of US$ 493.84 million by 2033. 
  • China is another significant digital risk protection platform market. The regional growth is attributed to the increase in businesses across the region that are going online. The regional market is anticipated to record a CAGR of 10.6% during the forecast period while it is expected to hold a value of US$ 290.03 million by 2033.  
  • The large enterprise segment is likely to register in the enterprise size category at a CAGR of 9.3% during the forecast period. The growth is attributed to factors like increased investment and high data compilation.  
  • The integrated digital risk protection platform is expected to top the solutions type category as it is expected to develop a CAGR of 10.7% between 2023 and 2033.  

Key Players:

  • Proofpoint
  • Digital Shadows Ltd.
  • FireEye
  • LookingGlass Cyber Solutions
  • RSA Security LLC
  • PhishLabs
  • Axur
  • Blueliv
  • CYBERSPRINT
  • Safeguard Cyber
  • RiskIQ

Market Developments:

  • In March 2022, ThreatNG, a new cybersecurity firm, was officially launched and aimed at providing cybersecurity solutions and services to all sizes of businesses. The new venture is being branded as ‘security-centric’ and not ‘security-exclusive’, which indicates that the company may be providing more solutions other than cybersecurity verticals.
  • Proofpoint has introduced its content threat monitoring systems that monitor any threats against your brand, locations, and executives. The company delivers social account protection that enforces the publishing applications policy.

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Digital Risk Protection Platform Market Segmentation:

Digital Risk Protection Platform Market by Solution:

  • Integrated Digital Risk Protection Platforms
    • Cloud Platforms
    • On-premise Platforms
  • Digital Risk Protection Services
    • Integration & Implementation
    • Digital Risk Consulting & Advisory
    • Support & Maintenance

Digital Risk Protection Platform Market by Enterprise Size:

  • Digital Risk Protection Platforms for SMEs
  • Digital Risk Protection Platforms for Large Enterprises

Digital Risk Protection Platform Market by Industry:

  • Digital Risk Protection Platforms in IT & Telecom
  • Digital Risk Protection Platforms in BFSI
  • Digital Risk Protection Platforms in Automotive
  • Digital Risk Protection Platforms in Healthcare
  • Digital Risk Protection Platforms in Manufacturing
  • Digital Risk Protection Platforms in Government
  • Digital Risk Protection Platforms in Education
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific (APAC)
  • The 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.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Automotive Exterior Trim Parts Market to be worth US$ 62.9 billion by 2033 | Future Market Insights, Inc.

The global automotive exterior trim parts market in 2022 was US$ 21.03 billion and is estimated to be US$ 42.5 billion in 2023. According to Future Market Insight, the automotive exterior trim parts market is estimated to expand at a CAGR of 4.0% between 2023 and 2033, totaling around US$ 62.9 billion by 2033.

The rise in the trend of vehicle customization and personalization thus driving the demand for high-quality and articulated appealing automotive trim parts. Moreover, consumers search for different ways to make sure that their vehicles stand out, and customized trim parts are an easy and affordable way to achieve this market growth.

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The addition of many new and advanced features in automotive trim parts provides comfort with a decrease in the overall weight of the vehicle through the usage of fiberglass components. These components are anticipated to attract automobile companies and thus push the market’s demand and sales of automotive exterior trim parts in an upward direction.

Key Takeaways from the Market Study

  • Sales of automotive exterior trim parts are said to account for a 27% share of global automotive exterior trim parts market revenue.
  • Anticipated value of the global automotive exterior trim parts market expanded at a CAGR of 3.2% between 2018 and 2022.
  • Automotive exterior trim parts industry in North America holds a market share of 48.6%.
  • Global industrial landscape for Europe occupies a significant share of 25.2%.
  • Asia Pacific is expected to have a dominant market share of 34% during the forecast period.
  • Based on product type, demand for bumper products is estimated to be with a market share of 62.7%.
  • Based on the vehicle type segment, commercial vehicles are set to retain their dominating positions in the automotive exterior trim parts market with a market share of 44.8%.

Increasing disposable income to significantly influence market potential is considered one of the key drivers of the automotive exterior trim parts market – comments Future Market Insights analyst.

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Competition Landscape

The automotive exterior trim parts industry consists of consequential market players. Further, research and development for the introduction of environment-friendly product lines form the core aspect of these manufacturers. In addition to that, other expansion strategies, inclusive of collaborations, mergers and acquisitions, and exploration of regulatory approvals, are also relied upon.

Some of the prominent players profiled in the global market are-

  1. AISIN Group
  2. CIE Automotive
  3. DURA Automotive Systems
  4. Ficosa Internacional SA
  5. GEDIA Automotive Group
  6. GRONBACH
  7. Hayashi Telempu Corporation
  8. IDEAL Automotive
  9. KASAI KOGYO Co. Ltd.
  10. KKIRCHHOFF Automotive
  11. Knauf Industries
  12. NOVARES
  13. NVH Korea
  14. Samvardhana Motherson Group
  15. TOYOTA BOSHOKU Corporation
  16. Plastic Omnium

Key Developments of the Leading Players in the Automotive Exterior Trim Parts Market

  • In April 2023, Dura Automotive Systems, one of the dominant manufacturing employers in Tennessee’s Bledsoe County, announced that it is going to soon shut down its plant there in the month of June and will lay off the 80 workers left from a workforce that was 500 strong four years ago.
  • In April 2023, Ficosa, considered to be a leading global company, is mainly committed to research, development, production, etc., thus, plans to sell more than 7 million cameras over the course of 2023. Ficosa’s vision portfolio includes in-vehicle and out-of-vehicle cameras to drive solutions for improved safety and comfort in mobility.

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More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global automotive exterior trim parts market providing historical data from 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the automotive exterior trim parts market, it is segmented based on major Products: (Front Bumpers, Rear Bumpers, Outside Rear View Mirrors (ORVM), Rocker Panels (Under Panels), Radiator Grills, Wheel Arch Claddings (Fender Liners), Outside Door Handles, Exterior Car Door Trims, Mud Guards, Exterior Trim Parts), by Vehicle Type: [Passenger Cars-(Compact, Mid-size, Luxury, Sedan, SUV), Commercial Vehicles, Heavy Trucks & Buses], by Sales Channel: (First Fit Automotive Exterior Trim Parts, Replacement Automotive Exterior Trim Parts), and Region: (North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East & Africa)

Key Segments of Automotive Exterior Trim Parts Industry Survey

The Automotive Exterior Trim Parts Market by Product:

  • Front Bumpers
  • Rear Bumpers
  • Outside Rear View Mirrors (ORVM)
  • Rocker Panels (Under Panels)
  • Radiator Grills
  • Wheel Arch Claddings (Fender Liners)
  • Outside Door Handles
  • Exterior Car Door Trims
  • Mud Guards
  • Exterior Trim Parts

The Automotive Exterior Trim Parts Market by Vehicle Type:

  • Passenger Cars
  • Compact
  • Mid-size
  • Luxury
  • Sedan
  • SUV
  • Commercial Vehicles
  • Heavy Trucks & Buses

The Automotive Exterior Trim Parts Market by Sales Channel:

  • First Fit
  • Replacement

The Automotive Exterior Trim Parts Market by Region:

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

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 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
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Polyethylene Mailers Market: A Decade of Evolution – From a 4.3% Historical CAGR to a Projected US$ 5.3 Billion Valuation by 2033

Polyethylene Mailers Market

The global polyethylene mailers market is poised to experience substantial growth, with its value projected to escalate from $3.1 billion in 2023 to an impressive $5.3 billion by 2033, reflecting a notable Compound Annual Growth Rate (CAGR) of 5.5% over the forecast period. This growth follows a historical CAGR of 4.3% from 2018 to 2022, showcasing the market’s steady trajectory.

Several factors are driving this expansion. The surging demand for lightweight and easily manageable products aligns well with the burgeoning retail sector worldwide. These mailers offer distinct advantages over rigid packaging formats, such as additional space for advertisements, enhancing business visibility. Their cost-effective nature for packaging non-fragile items like t-shirts, home furnishings, and books further bolsters their market potential. Additionally, the global shift towards sustainability, coupled with increasing governmental regulations, presents opportunities for the polyethylene mailers market.

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The rising trend of e-commerce contributes significantly to this growth, as these mailers are not only easy to handle but also lightweight, minimizing shipping costs for retailers in all weather conditions. Notably, these mailers often carry recycling and reusability information, ensuring adherence to regulations and bolstering sustainability efforts. This combination of factors is anticipated to drive demand for polyethylene mailers throughout the forecast period.

Moreover, the polyethylene mailers protect products from water which the other formats might not provide at an economical cost which is one of the strengths of the polyethylene mailer and also an opportunity for brand owners to increase their profit margin.

In addition, it is likely to reduce the claims of damages for non-fragile products because the customer will receive these product packages shipped in a pristine condition protected from weather conditions, dust and grease which is foreseen to boost the demand for the polyethylene mailer impacting the market.

Polyethylene mailers market: Dynamics

The recent trends observed in the polyethylene mailers market is the recyclability of these polyethylene mailers. This results in sustainability for the polyethylene mailers reducing the hazards of plastic. Polyethylene mailers are economical formats of packaging for the retailers and the brand owners compared to other rigid formats available in the market and thus, with the increased benefits such as advertisement space, polyethylene mailers allow the businesses to enhance their visibility.

These factors drive the demand for the polyethylene mailers and raise the demand for polyethylene mailers market.  The polyethylene mailers come in various sizes which fits in the product with no scope for packaging material wastage. The polyethylene mailers also have the information on their surfaces of how they can be recycled or reused, this creates effective sustainability and adherence to the government regulations which is expected to grow the demand for the polyethylene mailers market.

The reliable polyethylene mailers market results in less damage and spoilage claims of products therefore it is anticipated to positively affect the polyethylene mailers market.

The global retail market size is anticipated to grow by 18% and is directly related to the polyethylene mailers market and would fuel the growth in the market. Mailers are the most used and cost effective alternative for packaging non-fragile products such as t-shirts, books, home furnishing, gifts, etc.

 The revolutionary shopping experience due to availability and convenience has led to robust growth in the e-commerce and significantly impact the polyethylene mailers market in terms of packaging which needs to provide protection and reliability to the product which needs multiple handling through various distribution networks.

Regional Analysis Includes-

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

Polyethylene mailers market: Segmentation

The Polyethylene Mailers Market can be segmented based end-use and capacity.

By end-use, the global polyethylene mailers market can be segmented into

  • Stationery Items
  • Pharmaceuticals
  • Textile
  • Jewellery
  • Other Consumer Goods

By Capacity, the global polyethylene mailers market can be segmented into

  • Less than 500 g
  • 501 to 1000 g
  • 1001 to 2000 g
  • More than 2000 g

Reports Highlights:

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

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Future Market Insights (ESOMAR-certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Overcaps Market Surge: Exploring the Influence of Growing Consumer Spending, Packaging Industry Applications, and Rising Demand from End-Use Sectors on a Path to US$ 63.3 Billion

The global overcaps market, valued at $38.5 billion in 2023, is poised to achieve a robust CAGR of 5.1%, propelling it to a projected $63.3 billion by 2033, fueled by packaging innovations. This growth is attributed to rising demand for food products, alcoholic beverages, and drinks, coupled with enhanced disposable income in developing economies, driving the overall demand for overcaps.

Key factors driving market expansion include the increasing spending power of consumers, their heightened use in the packaging industry, and escalating demand from various end-use sectors. The dominance of Asia Pacific in the global overcaps market underscores its significance. Overcaps, primarily deployed in industries such as food and beverages, personal care, and healthcare, serve a crucial role in packaging, offering protection, aesthetics, and branding opportunities. Their adaptability for diverse products like cans, cups, and bottles, along with attributes such as dust protection and prevention of accidental discharge, contribute to their appeal as an ideal packaging solution.

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Market Overview: 

Consumers want packaging that is intuitive and easy to use, cost-effective, safe, and sustainable. Consumers are seeking products buying online, and consuming them on the go. These trends are changing the way they interact with packaging. Dispensing solutions play a key role in providing consumers a safe and convenient experience with their favorite products and brands.

Overcaps prevent actuator of the aerosol container from pushing that may lead to a spill or sprayed and prevents deodorant sticks, bottles, etc. from wastage. Overcaps market serves various end-use industries such as food & beverages, automotive, personal care & cosmetics, and healthcare, among other industries.

Manufacturers supply overcaps to cater to these industries for standard packaging solutions they also provide customized overcaps according to the customer requirements and needs. The global overcaps market is expected to expand at a substantial pace in the forthcoming years.

Market Dynamics:

Overcaps market is anticipated to witness significant growth opportunities from the increasing demand for aerosol packaging solutions across end-use industries. The global market for overcaps is primarily driven by personal care & cosmetics and food & beverage industries. The demand for overcaps from personal care & cosmetic industries is rising with the demand for personal care & cosmetic products.

It is unavoidable to underestimate the significance of a well-chosen closure for a packaging solution. As a customizable extension of a package design identity, overcaps are also one of the functionally important components which facilitate a product’s use by consumers and maintain product integrity.

Overcaps have several benefits which include protection from dust, prevention from accidental discharge, and enhances aesthetics of the packaging. Along with this, it offers printing capability on its surface for branding and promotion of products and brands.

In the recent decade, lightweight aerosol cans are becoming more popular than the standard aerosol cans. Consumer’s preference is inclining towards more sustainable products that are easy to recycle and do not have long-term harmful effects on the environment.

Also, weight-reduction does not affect the integrity of the aerosol can which includes overcap as one of the components. Manufacturers are focusing more on consumer-oriented products, and are involved in research & development activities on the same to provide cost-effective and harmless packaging products.

Regional Outlook

Geographically, the global market for overcaps has been divided into seven key regions: North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa. In Western Europe, the personal care and pharmaceutical industries account for a major chunk of market share in the global aerosol packaging market.

This is expected to flourish the demand for overcaps in the market. Asia market is expected to lead in terms of growth rate during the forecast period, owing to the presence of many unorganized and local manufacturers operating in the region.

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Key Players

Key players operating in the global overcaps market are Berry Global Group, Inc., O.Berk Company, Huhtamaki Oyj, Clayton Corp., AptarGroup, Inc., IPL, Inc., Precision Valve Corporation, Cobra Plastics, Dubuque Plastics, IntraPac International LLC, and Rieke. A TriMas Corporation Company, among others. Many local and unorganized market players are contributing to the overcaps market globally.

The overcaps market 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.

The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Market Segmentation:

The global market for overcaps is characterized based on the supply of overcaps for packaging application across various end-use industries such as food & beverages, automotive, personal care & cosmetics, pharmaceuticals, consumer goods etc. The market for overcaps has been segmented on the basis of material, diameter, application, and end-use

On the basis of material:

  • Plastic
    • Polyethylene (PE)
    • Polypropylene (PP)
  • Metal
    • Aluminum
    • Steel

On the basis of diameter:

  • Up to 30 mm
  • 31 to 40 mm
  • 41 mm to 50 mm
  • More than 50 mm

On the basis of application:

  • Cans
  • Bottles
  • Spray Pumps

On the basis of end-use industries:

  • Food & Beverages
  • Automotive
  • Paints & Coatings
  • Personal Care and Cosmetics
  • Healthcare and Pharmaceuticals
  • Consumer Goods

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

Contact:
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Suite 401, Newark, Delaware – 19713, USA
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Dehydrated Onions Market: Sizzling Growth with a 19% CAGR, Projecting a Valuation of US$ 3.6 Billion by 2033

The Dehydrated Onions Market is on a remarkable growth trajectory, with substantial increases in estimated market value from US$1.1 billion in 2022 to an expected US$1.6 billion in 2023. Looking ahead, the market is projected to reach an impressive US$ 3.6 billion by 2033, reflecting a significant growth rate from 2023 to 2033. This growth is driven by the rising demand for convenient and flavor-enhancing food ingredients, highlighting the market’s promising future.

The expansion of fast-food restaurants, hotels, and food processing companies has increased demand for dried onions, which are regularly utilised as essential ingredients in a wide range of cuisines. Furthermore, direct consumption through family recipes will drive market expansion at a CAGR of more than 5.1% between 2021 and 2031.

The Dehydrated Onions Market is quickly expanding as a consequence of its several benefits, including its increased shelf life, ease of usage, and preservation of flavour and nutritional value. Dehydrated onions have many applications in a variety of culinary preparations due to the growing demand for processed and convenience items, which is driving market expansion.

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FMI predicts that the United States, Germany, the United Kingdom, China, and India will dominate the worldwide infant formula market between 2023 and 2033. Across these countries, corporate and public players are stepping up to encourage the use of infant formula to aid in the growth of babies.

The demand for onions is growing as a result of improvements in the technology used to create dehydrated food. The adoption of hoover and air-dried technologies in manufacture and distribution is encouraging for the sector. Additionally, producers of dehydrated onions have noticed opportunities for growth thanks to regulatory licences.

Key Takeaways from the Dehydrated Onions Market Study

  • The U.S. dehydrated onions market will grow from US$ 319 Mn in 2021 to US$ 478.2 Mn in 2031. This represents an absolute $ opportunity of US$ 159.2 Mn in the forecast period.
  • Conventional dehydrated onions account for 87% of the market in 2021, supported by lower costs and easier access to required volumes of raw materials.
  • White dehydrated onions will grow at a CAGR of 4.9% from 2021 to 2031, driven by higher crop and processing yields.
  • The U.K. will emerge as a leading market in Europe, accounting for more than US$ 44 million in 2021, aided by strong demand from the food processing sector of the country.
  • GCC countries will remain major contributors to the MEA market with a share of 39.3% in 2021, supported by relatively high export levels.

Robust Supply Chains to Increase Market Penetration

Global supply chains for dehydrated onions are largely mature, with adequate transportation infrastructure available to facilitate product movement. Dehydrated onions have benefited from existing supply methods since they may reach clients directly without barriers. Most dried onions come in specialized packaging, which makes storing and transportation easier.

For dehydrated products, companies are using the similar supply chain and transportation modes that find use in frozen food. With minor modifications in storage units, transportation can be made easy and hurdle-free, which improves the trade of dehydrated vegetables.

Almost all developed countries (excluding the Middle East) have an established supply chain, due to which, they are able to supply products directly to retail stores and customers on time.

Who is Winning?

Leading manufacturers in the moderately fragmented dehydrated onions market are focusing on capacity expansion, investments into strategic geographic expansion and infrastructure developments for product processing applications.

Some of the leading companies offering dehydrated onions are Olam International, Jain Farm Fresh Foods Ltd, Daksh Foods Pvt. Ltd., Jiyan Food Ingredients, Natural Dehydrated Vegetables Pvt. Ltd., Real Dehydrates Pvt. Ltd., Earth Expo Company, Kisan Foods, Harmony House Foods, Inc. Company, Silva International Inc. Company, Green Rootz, BC Foods Inc., Suszarnia Warzyw Jaworski Sp. J., Pardes Dehydration Company, Murtuza Foods Pvt. Ltd., Darshan Foods Pvt. Ltd., Garon Dehydrates Private Limited, Rocky Mountain Spice Company, R. J. Van Drunen & Sons, Inc., German Foods and other.

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Dehydrated Onions Market by Category

By Nature:

  • Organic
  • Conventional

By Variety:

  • White Onion
  • Red Onion
  • Pink Onion
  • Hybrid

By Form:

  • Chopped
  • Minced
  • Granules
  • Powder
  • Flakes
  • Kibbled
  • Sliced

By End Use:

  • Food Proccessing
    • Dressing & Sauces
    • Ready Meals
    • Snacks & Savory
    • Infant Food
    • Soups
    • Others
  • Food Service Providers
  • Retail/Household

By Technology:

  • Air Drying
  • Vaccum Drying
  • Freeze Drying
  • Microwave Drying
  • Spray Drying
  • Others

By Distribution Channel:

  • B2B
  • B2C
    • Hyper/Super Markets
    • Convenience Stores
    • Specialty Stores
    • Traditional Grocery Retailers
    • Online Retailers

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
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The Soluble Fiber Market Poised to Surpass US$ 5.4 Billion by 2033

Key aspects driving the sales of soluble fiber market are the growing health consciousness among customers and the increased ease of integration of the soluble fiber application base. The increasing use of nuts and seeds due to their nutritional benefits is likely to drive category expansion over the forecast period.

The projection term is expected to see a fastpaced CAGR of 8.2% for the global soluble fiber market.The market for soluble fiber is now valued at US$ 2.4 billion in 2023, and by the end of 2033, it is expected to reach a high of US$ 5.4 billion.

One of the key factors leading to the growing demand for these goods is the increased usage of organic components in the production process of nuts and seeds. The nuts and seeds category is estimated to develop in emerging nations due to its high protein content. The Food and Drug Administration (FDA) and other major regulatory organizations have also approved the health claims linked with these goods. The agency backs up assertions that soluble fiber consumption lowers the risk of coronary heart disease (CHD), cancer, and other life-threatening disorders.

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This generation is willing to spend more on better items for more health-conscious eating. This is anticipated to reveal creative market opportunities. Dietary fibers have been shown to improve weight control, heart health, immunity, satiety, and digestive health. As a result, according to Cargill, Inc., over 56% of adult customers in the United States are looking for fiber-rich meals. Furthermore, the World Health Organization recommends 25 g of fiber per day for adult women and 38 g per day for adult males. However, the global average consumption is less than 20 g/day.

The disparity, combined with rising consumer interest in health and well-being, has sparked the fiber fortification movement in the food industry. The United Kingdom Food and Drink Federation (FDF) introduced new efforts to increase fiber intake in the country in September 2021. Currently, just 9% of Americans consume the recommended amount of fiber. However, the irregularity in global laws and the increase in research and development are expected to restrict the growth of the soluble fiber market throughout the forecast period. Furthermore, international and domestic food safety requirements may provide further challenges to the growth of the soluble fiber market soon.

Key Takeaways:

  • The United States is expected to hold a substantial share of the global soluble fiber market throughout the projected period. To assist the people of America to fulfil the required daily fiber consumption of 25 to 30 grams, almost all the leading food corporations and many regional and local manufacturers are adding fiber to their products.
  • During the projection period, Asia Pacific soluble fiber market is predicted to hold a significant share, driven by China and Japan. Soluble fiber is created enzymatically in China from the cellulose portion of Chinese cabbage refuse.
  • Owing to its use in the production of jam and jelly and its active component in reducing blood cholesterol, the “pectin” type is expected to hold the significant revenue through the forecast period.

Competitive Landscape:

To improve the brand and income, industry participants invest in a flood of focused product releases and global expansion. To boost its consumer base and reinforce its position, they are also increasing its footprint across many continents and entering new markets, particularly emerging ones. With the increase in cardiovascular diseases and growing consciousness about health throughout the world, these participants are introducing new creative products to the market. These factors are expected to boost the global soluble fiber market size considerably.

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Key Players:

  • Cargill Inc.
  • Sunopta Inc.
  • Huachang Pharmaceuticals
  • Archer Daniels Midland Company
  • Tate & Lyle plc
  • Danisco A/S
  • INGREDION
  • NEXIRA
  • Kerry Group
  • ADM

Recent Developments:

  • In October 2019, Cargill, Incorporated invested US$ 35 million in Cargill, Incorporated, situated in Europe, to manufacture soluble fibers that suit customer demand for natural and healthier goods.
  • In April 2021, in China, DuPont introduced the Nurica enzyme. This enzyme is a novel enzymatic solution that allows manufacturers to make dietary fibers in the form of GalactoOligoSaccharides naturally.

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Key Segments Profiled in the Soluble Fiber Market Survey

By Source:

  • Fruits & Vegetables
  • Cereals & Grains
  • Others

By Type:

  • Pectin
  • Beta-glucan
  • Polydextrose
  • Inulin
  • Others

By Application:

  • Animal Nutrition
  • Food & Beverages
  • Nutraceuticals & Pharmaceuticals
  • Others

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • Middle East & Africa
  • Europe

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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
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sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Fixing Agent Market Set to Soar, Predicted to Reach US$ 5.24 billion by 2032 with a 5.3% CAGR

The global fixing agent market size was worth US$ 2.97 Billion in the year 2021 and is expected to reach US$ 5.24 Billion by the year 2032 at a CAGR of 5.3% between 2022 and 2032.

Fixing agent is in huge demand as it’s amongst the key components in printing and dyeing industries; as it helps in the improvement of dye color fastness. Both – liquid and solid forms (anionic and cationic) of fixing agents are preferred as per convenience. Textile vertical has faced revolutionary alterations of late; with textile pattern changing due to technical enhancements and altering fashion trends. This factor is expected to catalyze the fixing agent market going forward.

The overall application areas of fixing agent include dyestuff business, polymer vertical, food and beverages vertical, chemicals, and likewise. Cationic dye-fixing agent tends to have higher molecular weight. It’s used to fix cellulose dyed/printed with direct and reactive. Textile chemicals are also being increasingly used in home furnishings in construction industry. With growing inclination toward high-class clothes, the global fixing agent market is likely to grow on a remarkable note in the near future.

At the same time, the fact that dye fixing agents have poor wash fastness property could not be ignored. This could be a restraining factor to the fixing agent market going forward. Plus, higher fragmentation is lowering power of bargaining of suppliers.

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Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Fixing Agent Market’. The team of analysts and consultants is there to execute through its 360-degree approach in its primary, secondary, and tertiary modes of research.

With drastic change in textile printing pattern as an outcome of altering fashion trends coupled with technical breakthroughs, the global fixing agent market is bound to grow voraciously in the upcoming period”, says an analyst from Future Market Insights.

Key Takeaways from Fixing Agent Market

  • The Asia-pacific holds the largest market share with Japan, China, and India leading from the front.
  • Europe and North America are expected to go steady with respect to the fixing agent market in the near future.
  • MEA would also grow at a rapid pace with textile industry improvements, refinery repairs being ushered herein.

Competitive Agents in Fixing Agent Market

  • HT Fine Chemical Co., Ltd., in the year 2019, did come up with a new-fangled product termed as ‘Dye Fixing Agent’ for meeting the ever-increasing demand in dyeing and printing verticals.
  • Viswaat Chemicals Ltd. has its VICAFIX HCNF and VICAFIX HCNF50 – the former is non-formaldehyde dye fixing agent for direct and reactive dyes and the latter one exists in concentrated form.
  • Avocet has its Cetafix AFA liquid/powder and Cetafix R liquid/powder. They are formaldehyde free fixing agents meant to improve wet fastness of the cotton fibers dyed with the direct dyes, and printed or dyed with the reactive dyes. The first one is anionic and the second one is cationic.
  • DyStar, in February 2018, collaborated with RotaSpray for developing indigo spray dyeing procedure to facilitate mass production that lets denim producers to minimize the environmental impact.

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Fixing Agent Market Key segments

By Product Form:

  • Solid
  • Liquid

By Product Type:

  • Cationic Fixing Agent
  • Cetylpyridinium Chloride
  • Cetylpyridinium Bromide
  • Polyamine Contraction
  • Cross-linking Fixing Agent
  • Anionic Fixing Agent
  • Zinc Salt
  • Acetic Acid
  • Acetone
  • Others

By Region:

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

What does the Report fix?

  • The research study is based on product form (solid and liquid), by product type (cationic fixing agent, cetylpyridinium chloride, cetylpyridinium bromide, polyamine contraction, cross-linking fixing agent, anionic fixing agent, zinc salt, acetic acid, acetone, and likewise).
  • With stiffness, effective resistance against moisture, flame, and comparatively higher crease, the global fixing agent market is meant to grow explicitly in the years to come.

About Future Market Insights (FMI)

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

Contact Us:       

Nandini Singh Sawlani  

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