Market Research Blog – Page 4294 – New Product Development

Europe Molded Fiber Pulp Packaging Industry Size Projected to Reach US$ 4.5 Billion by 2033: In Depth Analysis

According to Future Market Insights, Europe Molded Fiber Pulp Packaging Industry is estimated to be valued at US$ 2.6 billion in 2023. Total molded fiber pulp packaging sales across Europe are poised to surge at 5.7% CAGR between 2023 and 2033, taking the overall market valuation to US$ 4.5 billion by 2033.

European firms are increasingly utilizing packaging solutions made from materials such as molded pulp, in response to the growing trend toward sustainability. The protective features which molded fiber pulp packaging provides to the electronics products, such as cushioning, void fill, and blocking & bracing, will increase sales of molded fiber pulp packaging in Europe during the forecast period.

The rising adoption of sustainable and eco-friendly packaging solutions across industries such as food & beverages, electronics, cosmetics, and healthcare is a primary driving Europe Molded Fiber Pulp Packaging Industry forward.

Similarly, growing preferences for environmentally friendly and easy-to-open packaging that provides excellent protection for electrical products will fuel molded fiber pulp packaging demand across Europe.

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Key Trends Fueling Demand for Molded Fiber Pulp Packaging in Europe

Emerging E-commerce Industry in Europe Propelling Molded Fiber Pulp Packaging Demand

The ascending prominence of the e-commerce sector, coupled with the continual technological advancements in the packaging industry, is set to drive an upsurge in the demand for enhanced cushioning packaging, especially for delicate and sensitive items. This category encompasses a broad range of products, including those crafted from glass, delicate crockery, electronic devices, such as smartphones and laptops, as well as eyewear like spectacles.

Molded fiber pulp packaging presents an array of compelling advantages, including recyclability, biodegradability in soil, and sustainability. Additionally, it boasts features that effectively reduce waste generation and minimize the ecological footprint. These remarkable attributes have spurred a gradual shift among European e-commerce companies towards the adoption of molded fiber pulp packaging solutions for their product shipments, thus exerting a positive influence on the overall market expansion.

Drivers:

Environmental Awareness: Growing concern for the environment has led to an increased demand for sustainable and eco-friendly packaging solutions like molded fiber pulp, which is biodegradable and recyclable.
Regulatory Support: Favorable regulations and policies promoting the use of sustainable packaging materials have stimulated the growth of the molded fiber pulp packaging market in Europe.
Consumer Preference: Many consumers are actively seeking products packaged in environmentally friendly materials, and molded fiber pulp aligns with this preference.
E-commerce Expansion: The surge in e-commerce has driven the demand for protective and sustainable packaging materials for shipping products, and molded fiber pulp meets these requirements.
Customization and Branding: Molded fiber pulp can be easily customized and branded, making it an attractive option for companies looking to differentiate their products in the market.
Reduced Packaging Costs: Molded fiber pulp is often cost-competitive with other packaging materials, and its lightweight nature can help reduce transportation costs.

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Key Takeaways from Europe Molded Fiber Pulp Packaging Industry

Based on molded pulp type, the transfer molded segment is projected to hold a 57.6% share of Europe’s molded fiber pulp packaging market during the assessment period
By application, the primary packaging category is estimated to hold around 68.9% of the market value share by the end of 2023.
By end use, the food & beverage segment is forecast to expand by 1.9 times during the assessment period.
The United Kingdom molded fiber pulp packaging market is forecast to expand at a CAGR of 6.8% during the forecast period.
Germany is expected to account for around 19.9% share of Europe’s molded fiber pulp packaging market in 2023.
France is likely to hold about 17.2% share of the Europe market by the end of 2033.
- 2 Cups
- 4 Cups
- 6 Cups
- More than 8 cups

Key Market Players

Huhtamaki Oyj
International Paper Company
TRIDAS s.r.o.
PAPACKS SALES GmbH
Pulp-Tec Limited
PulpWorks, Inc.
TART
Dentas Paper Industry Inc.,
Zume Inc.
AR Packaging
Brødrene Hartmann A/S
Henry Molded Products
Primapack SAE
Robert Cullen Ltd
buhl-paperform GmbH
The Omni-Pac Group
Decapulp, SL
Pulpex Ltd
Sonoco Products Company

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Europe Molded Fiber Pulp Packaging Industry by Category

By Molded Pulp Type:

Thick Wall
Transfer Molded
Thermoformed Fiber
Processed Pulp

By Product Type:

Trays
Drink Carriers
Boxes
End Caps
Plates
Bowls
Cups
Clamshell Containers

By Application:

Primary Packaging
Secondary Packaging
Edge Protectors

By End Use:

Consumer Durables
- Mobile Phone
- Television
- Laptops
- Tube Lights & Bulbs
- Others (Air Conditioners, Refrigerators)

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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Decorative Plastic and Paper Laminates Industry on the Rise: Aiming for US$ 113 Billion by 2028 with a 5.5% CAGR

The global decorative plastic and paper laminates industry is anticipated to be worth US$ 66 billion by the end of 2018 and US$ 113 billion by the end of 2028. Over the projection period, decorative plastic and paper laminates are expected to rise at a 5.5% CAGR. Between 2018 and 2028, the global Decorative Plastic and Paper Laminates market is estimated to produce an additional US$ 46 billion.

Decorative plastic and paper laminates are versatile materials that can be utilized to improve the look and durability of a variety of surfaces. They are suitable for use in interior design because they come in a range of shapes, textures, and finishes. These laminates, which range from furniture to wall panels, provide a low-cost method of creating trendy and visually appealing interiors while safeguarding the underlying surfaces.

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Decorative laminates are laminated sheets made of kraft papers and decorative printed papers fused together with pressure and heat. They are the surface materials used to protect and improve the look of engineered wood. Decorative plastic and paper laminates are extensively utilized in the production of cabinets, countertops, floors, and furniture.

Key Insights at a Glance

A third of the total market revenue is accounted by China, followed by Eastern Europe. FMI points to remarkable progress in sales of decorative plastic and paper laminates within BRICS countries.
Soaring demand for decorative foils and papers in the commercial sector is prominently responsible for superiority of low pressure laminates over high pressure counterparts.
As smaller players dominate the market, the strategic focus remains on product differentiation and cost competitive pricing. Reduced VOC emissions is another important factor dictating strategic moves of manufacturing SMEs.
Key players in decorative plastic and paper laminates landscape are currently concentrating on channelizing their efforts towards strengthening the distribution network, in addition to establish a direct sales channel.

Rapid Recovery of Residential Housing Sector Firms up the Base for Decorative Plastic & Paper Laminates Demand

Although commercial sector currently dominates in terms of demand for decorative plastic and paper laminates, residential housing sector is likely to take over soon. The residential construction realm has been witnessing strong signs of recovery over the past couple of years, which is playing a key driving force for the revenue growth of decorative plastic and paper laminates landscape.

Moreover, rapid growth of hospitality sector is providing a strong impetus to product innovation, thereby pushing the growth of leading bands dealing in decorative plastic and paper laminates landscape. Commercial construction is also significantly favoring the sales decorative plastic and paper laminates, as indicated by the report.

Manufacturers of decorative plastic and paper laminates are also capitalizing on opportunities presented by a growing number of remodeling and repainting projects.

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Wooden Flooring Trends among Consumers, Following Furniture & Cabinets

Furniture and cabinets account for over half the share of total market value, whereas flooring applications are likely to gradually take over,” says the analyst.

Shifting consumer preferences for laminate flooring in both residential and commercial sectors is creating a heap of investment opportunities for manufacturers of decorative plastic and paper laminates.

“Consumers today seek endurance, scratch resistance, and aesthetics while purchasing furniture for homes or workplaces. Such factors are provide the trigger for application specific innovations in decorative plastic and paper laminates,” the analyst explains further.

Spectacular growth prospects are identified for Asia, North America and some parts of Eastern Europe.

Mushrooming Popularity of RTA Furniture Favors Global Sales of Decorative Plastic & Paper Laminates

Constant design innovation, consistent focus on superior quality, and maximum convenience are collectively driving consumer appeal for ready-to-assemble (RTA) furniture, especially in developed markets of North America and Europe.

Manufacturers of both RTA furniture and decorative plastic and paper laminates are taking efforts to collaboratively unlock the opportunities – with an additional benefit of less susceptibility to damage during transit and shipping. Penetration of RTA furniture into developing economies is also gradually increasing owing to relatively lower price point and maintenance cost, thereby contributing to sales of decorative plastic and paper laminates.

Digital Print Designs on Decorative Plastic and Paper Laminates Gather Considerable Momentum

Personalization has been trending across industries, and interior decoration is among the prominent ones. Customized digitally printed laminates are especially designed to cater to specific consumer demands regarding print design, pattern, and graphic.

Sheets of digital decorative plastic and paper laminates have high resolution images printed on them, and can be directly applied on furniture, doors, commercials, exhibition stands, and walls. Digital print laminates are creating a slew of opportunities for manufacturers in the decorative plastic and paper laminates landscape.

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Key Segmentation

By Type

Low Pressure
High Pressure
Edge Banding

By Application

Furniture and Cabinets
Flooring
Wall Paneling
Doors
Column Cladding

By End Use

Residential
Commercial
Institutional

By Region

North America
Latin America
Western Europe
Eastern Europe
SEA
India
China
Japan
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
LinkedIn| Twitter| Blogs | YouTube

Isoprene Rubber Latex Industry is Expected to Reach US$ 1,602.0 million by 2031, at an 8.1% CAGR

According to a Recent Report by Future Market Insights (FMI), the Global isoprene rubber latex industry Is Expected to Achieve an 8.1% CAGR Between 2021 and 2031, Due to an increase in the demand for medical gloves and condoms. The Isoprene Rubber Latex Market Leads.”

Expanding utilization in the medical and consumer goods industries lays the groundwork for future market growth.

Isoprene rubber latex is used in a variety of industries, including healthcare, automotive, and consumer goods, and it provides long-term and durable solutions. Isoprene rubber latex is a versatile polymer that is used to make a variety of rubber products. It has a high tensile strength, flexibility, and resistance to abrasion.

The global isoprene rubber latex market is expected to be valued US$ 732.5 million in 2021. The growing use of isoprene rubber latex in consumer goods, industrial applications, and medical applications is likely to increase market demand.

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Isoprene rubber latex is quickly becoming a preferred substitute to natural rubber. It has outstanding qualities like as strong resilience, good processability, and ease of vulcanization. As a result, the market is expected to exceed US$ 1,602.0 million by the end of 2031.

Over the assessment period, the increasing use of isoprene rubber latex in the production of medical supplies such as catheters, probe covers, needle shields, and medical adhesives is predicted to boost sales at an 8.1% CAGR.

Several countries’ governments are launching various campaigns to raise awareness about sexually transmitted diseases (STDs) and the usage of condoms. For example, the Indian government announced in 2019 that it would distribute almost 180 million condoms to reduce the incidence of STDs as part of the National AIDS Control Program.

Because condoms are produced from isoprene rubber latex, their use is projected to increase in the coming years. As a result, the market is predicted to rise by 10.1% year on year (YoY) in 2021.

In terms of application, the medical gloves segment is expected to beat the others, growing at a 9.2% CAGR through 2021. The increased demand for medical gloves from doctors, nurses, patients, and other professionals to reduce the risk of infection during the COVID-19 period has raised sales of medical gloves.

Key Takeaways:

U.S. isoprene rubber latex market is projected to total US$ 99.4 million, exhibiting a YoY growth of 8.8% by the end of 2021.
China is expected to account for the largest share in the East Asia market, exhibiting growth at a CAGR of 8.8% through 2031.
Germany market is anticipated to account for nearly 14.3% of the share in Europe, expanding at 6% CAGR over the assessment period.
Japan and South Korea are forecast to emerge as highly remunerative markets, collectively accounting for more than 6.1% of sales in 2021.
Based on end use, the industrial sector is estimated to register the fastest growth in the market, expanding at a 7.5% CAGR between 2020 and 2021.

“Rising demand of medical gloves from healthcare industry and the increasing usage of adhesives in food, medical and industrial packaging will drive the market of isoprene rubber latex through the projected period from 2021 to 2031,” says a FMI analyst.

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Competitive Landscape

Key market participants in the global isoprene rubber latex market elaborated in the report includes Top Glove Corporation Bhd, Zeon Corporation, PAO Sibur Holdings, Kraton Corporation, Ansell Limited, Supermax Corp. Bhd, Royal Dutch Shell Plc, Kossan Rubber Industries Bhd, JSR Corporation, Hartalega Holdings Berhad, Rubberex Corporation, Johnson Wilshire, Medline Industries, Inc., Dipped Products Plc, Protective Industrial Products, Inc., and many others.

Key players operating in the global isoprene rubber latex market are focusing on increasing their production capacities to strengthen their footprint especially in the emerging economies. Furthermore, key market participants are focusing on mergers, acquisitions and collaborations strategies to expand their global presence and strengthen their distribution network. For instance:

In April 2018, Top Glove Corp Bhd acquired Aspion Sdn Bhd transforming the company into one of the world’s largest surgical glove maker and strengthening its position as the world’s largest glove manufacturer.

Key Drivers

Increasing government regulations to prevent STD and control unbridled population growth in China, India, the U.S., and Indonesia are driving the sales across the condom segment.
Implementation of stringent regulation on increasing patient care across hospitals and clinics is encouraging physicians to use medical gloves, which is in turn, propelling the demand in the medical gloves segment.

Key Restraints

High cost of isoprene rubber latex compared to natural rubber is hindering the sales in the market.
Availability of alternatives such as butyl rubber, nitrile rubber, silicone rubber, and others is hampering the growth in the market.

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Key Segmentation

By Application:

Medical Gloves
Condoms
Medical Balloons
Catheters
Adhesives

By End Use:

Medical
Consumer Goods
Industrial

By Region:

North America
Latin America
Europe
East Asia
South 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 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

Social Tourism Market Poised for Remarkable Growth with a 3.88% CAGR, Targeting US$ 79.8 Billion by 2032 FMI

The social tourism market is estimated to reachUS$ 54.79 Billion in 2022. As per the report, sales are forecast to increase at a robust 3.88% CAGR, with the market valuation reachingUS$ 79.8 Billion by 2032.

Social tourism refers to tourism organised for people with modest income and the travellers who cannot afford to travel on their own. Social tourism is done for various social purposes which intend to uplift the emotional and mental state of certain community. Lately, Governments of several countries are taking active interest in social tourism and are coming up with new initiatives to uplift the sector in their particular regions.

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Due to international travel limitations, health concerns, and financial difficulty, many locations will enjoy a domestic tourism boom when limits start to loosen in some regions of the world. Despite the short-term rise, domestic tourism will face difficulties once the pandemic’s impacts start to fade because many visitors would want to travel abroad once more.

People from disadvantaged or vulnerable groups are given the chance to take benefit of tourism through social tourism, which offers a long-term sustainable solution. Resulting in long-term social advantages for society at large and stable revenue streams for domestic service providers.

Key Takeaways:

By booking channel, the online booking segment is anticipated to hold a noteworthy share of nearly ~65%.
Based on packages, Social tourists will continue to opt for group tour deals over the normal travel deals.
In terms of age group, 36-45 years and 46-55 years will be the major participants of Social Tourism.

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Key manufacturing Companies

Eurostar
SNCF
Deutsch Bahn
FlixTrain
Trenitalia
Renfe
Intrepid
Explore Tours
Exodus Travels
G. adventures
On-the-go Tours
Maharashtra Tourism

Social Tourism Market by Category

By Tour Type, Social Tourism Market is segmented as:

Socio-educational tours
Socio-cultural tours
Socio-recreational tours
Socio-adventure tours
Others

By Booking Channel, Social Tourism Market is segmented as:

Phone Booking
Online Booking
In Person Booking

By Tourist Type, Social Tourism Market is segmented as:

Domestic
International

By Tour Type, Social Tourism Market is segmented as:

Independent Traveler
Tour Group
Package Traveller

By Age Group, Social Tourism Market is segmented as:

15-25 Years
26-35 Years
36-45 Years
46-55 Years
56-65 Years
66-75 Years

By Region, Social Tourism Market is segmented as:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

About Future Market Insights (FMI)

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Coal Tar Pitch Industry: Forecasting a Consistent 5.4% CAGR from 2022 to 2028

According to Future Market Insights (FMI), the coal tar pitch industry will increase by 5.5% year on year in 2022, reaching a value of around US$ 3,749.6 Million by the end of 2022. Between 2022 and 2028, the global business is predicted to rise at a strong 5.4% CAGR.

Tier-1 coal tar manufacturers account for 60-70% of total market revenue. Major coal tar pitch landscape players are focused on both standard grade and special grade coal tar pitch (CTP) production, despite having extensive coal tar distillation capacity around the world.

Tier 2 players are concentrated in certain regions, and Tier 3 competitors are limited to regional sales. According to Future Market Insights’ analysis of the global coal tar pitch landscape, the latter two are mostly focused on standard-grade coal tar pitch.

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“Production facility expansion, strategic acquisitions, and CTP product innovation will remain the key developmental strategies trending among leading players,” says a senior research analyst at FMI.

The analyst adds further, “Massive Aluminum demand from automotive and transportation sectors has been pushing the Aluminum production levels 4-5% (yearly) since the recent past. Growing demand for lightweight vehicles is among the most impactful factors driving the consumption of Aluminum, subsequently contributing to sales of coal tar pitch”.

Long-term Contractual Partnerships & Backward Integrated Supply Rule Strategic Minds of Coal Tar Pitch Manufacturers

While makers of coal tar pitch prefer long-term supply contracts with top coal tar manufacturers, FMI has observed these businesses forming strategic alliances with steel manufacturers, where coal tar is frequently a byproduct of coke processing ovens.

Long-term contracts between manufacturers of coal tar pitch and those of primary aluminum and graphite electrode, with the sole goal of sustaining coal tar pitch supply to end markets, are another activity that makes this landscape dynamic.

Aluminum Grade CTP Holds a Winning Revenue Share in Coal Tar Pitch Market

Application-wise, around 80% revenue share belongs to the aluminum electrode, according to the study. As coal tar pitch is increasingly being consumed by aluminum smelters lowing to higher sustainability and economic feasibility, the mushrooming Aluminum production is constantly driving the growth of coal tar pitch landscape.

In 2019, the revenue of Aluminum grade coal tar pitch is pegged for over 5% Y-o-Y growth. Besides, Graphite electrode is also slated for promising performance and the application base of coal tar pitch as a chemical intermediate in carbon black manufacturing is visibly growing.

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Competitive Landscape

Over the past few years, manufacturers are shifting their focus toward emerging regions to cater to the growing demand from the application segments. Several key players are also focusing on expanding their production capacities, product launches, R & D, and are also focusing on mergers & acquisitions.

For Instance,

In 2017, Koppers Inc., a wholly-owned subsidiary of Koppers Holdings Inc., announced its new long-term coal tar supply agreement with leading steelmaker ArcelorMittal.
In 2018, Himadri Specialty Chemicals Ltd announced its plan to expand its production facility at Singur in West Bengal by making a planned investment of Rs 1,000 crore over the next five years.

Top Key Player in the Global Industry

Koppers Inc.
Coopers Creek Chemical Corporation
Himadri Specialty Chemicals Ltd.
Rain Industries Limited
JFE Holdings, Inc.
Nippon Steel & Sumikin Chemical Co., Ltd.
Shanxi Coking Company
Neptune Hydrocarbons
Bathco Ltd.

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China Commands over Global Coal Tar Pitch Landscape, India Leads Asia Pacific’s CTP Scenario

China, India, Russia, and Western Europe have a significant aluminum production base, whereas MEA is demonstrating promising growth in the coal tar pitch landscape in recent years. North America, however, is observing passive growth over the recent past, post-decline in aluminum production levels.

According to the FMI’s report, China is the global leader in the coal tar pitch ecosystem owing to significant Aluminum production and thriving production levels of Graphite electrodes. China is projected for a 6% year-on-year revenue growth by this year’s end, reflecting ample growth opportunities for coal tar pitch manufacturers.

On the other side, APAC’s market for coal tar pitch is witnessing growth concentration in India that has been attributed to an impressive rate of Aluminum production in the country.

Key Segmentation

By Form:

Solid
Liquid

By Grade:

Aluminum Grade
Graphite Grade
Special Grade

By Application:

Aluminum Electrode
Graphite Electrode
Roofing Coating Material
Blast Furnance Linings
Chemical Intermediates
Sealents

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

Metallic Stearates Industry Targets US$ 4.0 Billion by 2033 with a 4.5% CAGR

The metallic stearates industry size is projected to be valued at US$ 2.6 illion in 2023 and is expected to rise to US$ 4.0 billion by 2033. Metallic stearate sales are predicted to grow at a substantial CAGR of 4.5% during the forecast period.

Development of sophisticated manufacturing facilities to meet the needs of the metallic stearates market; market leads to a significant share of US$ 4.0 billion by 2033.

The increased use of metallic stearates in numerous end use sectors is responsible for the market expansion.

They are used as antistatic agents for dry impregnation in the textile sector.
They serve as assist in the swelling and suspension of additives like pigments in printing ink processes.
Additionally, metallic stearates are included in cosmetics and personal care items like shampoos, eyeliners, lipsticks, sunscreen, medicinal ointments, and foot powders due to their hydrophobic qualities, which stop the goods from collecting water and clumping together.

Consumers’ greater spending power and the general public’s growing awareness of beauty are both driving market growth.

Furthermore, the industry’s leading manufacturers are developing thermostable metallic stearates, which display outstanding color stability in transparent or brilliantly colored thermoplastics treated at high temperatures.

These advancements are projected to enhance the use of metallic stearates in the metal processing and construction industries.

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Key Takeaways from the Metallic Stearates

Countries such as the United States are the global hub for the most highly valued personal care and wellness products, which would likely to lead the market towards a revenue share of US$ 761.7Mn by 2033
With a revenue share of 41.2%, Asia Pacific was the largest geographical market in 2020. Strong economic expansion in Southeast Asia, China, and India over the past few years has increased demand for the product in a variety of applications.
Currently, Germany holds dominance with a growth rate of 4.2% in Western Europe. The automotive and aerospace sector in Germany is constantly developing which is creating immense demands for metallic stearates.
Zinc stearates dominated the product segment with the highest growth rate of 4.1% as in the plastic and rubber industries, they serve as lubricants and release agents.
Additionally, magnesium stearate improves the capsule’s quality. As a result, it is predicted that, among all applications, the pharmaceuticals category would hold a market share of 15.8% from 2023 to 2033.
In terms of both volume and revenue, the plastics and polymers section became the fastest-growing (4.5%) application segment in 2020. The plastics sector primarily uses metallic stearates as lubricants, acid scavengers, and releasing agents. It is essential to the melting process as well.

Competitive Landscape

Product expansions and distinctiveness have a favorable impact on the major players. Manufacturers prioritize creating goods with better surface characteristics. One of the main areas of emphasis for producers is the addition of stearic acid derived from vegetable oil. To gain greater participation in the value chain, companies place a strong emphasis on new product launches, capacity expansion, and collaborations.

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Latest Developments

To distribute Synpro Metallic Stearates throughout Mexico, Kigo Chemical and Valtris Specialty Chemicals signed a distribution deal in September 2020.
The alliance with Valtris Speciality Chemicals, a market-leading manufacturer of metal stearates and specialty additives, was announced by Ravago Chemicals North America (RCNA) in October 2020. The Life Ingredients Division’s Food, Nutraceutical & Pharmaceutical (FNP) and Personal Care divisions will get the Valtris components from RCNA through its current product portfolio.

Top Key Players in the Global Industry

Dover Chemical Corporation
Valtris Specialty Chemicals
Peter Greven GmbH & Co. KG
Baerlocher GmbH
Faci S.p.A
Norac Additives
Sun Ace Kakoh (Pte.) Limited
PMC Biogenix, Inc.
James M. Brown Ltd.
Nimbasia Stabilizers LLP
Marathwada Chemicals
Seoul Fine Chemical Ind. Co., Ltd.
IRRH Specialty Chemicals India Limited
Akrochem Corporation

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Key Segmentation

Metallic Stearates by Product Type:

Zinc Stearate
Calcium Stearate
Magnesium Stearate
Aluminium Stearate
Others (Sodium Stearate, Barium Stearate, etc.)

Metallic Stearates by Application:

Metallic Stearates for the Polymers & Plastics Industry
Metallic Stearates for Rubber Industry
Metallic Stearates for the Pharmaceuticals Industry
Metallic Stearates for Personal Care & Cosmetics Industry
Metallic Stearates for Construction Industry
Metallic Stearates for Paints & Coatings Industry
Others

By Region:

North America
Latin America
Europe
South Asia & Pacific
East Asia
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

Travel Advertising Market Soars with a Remarkable 9% CAGR, Anticipated to Surpass US$ 15 Billion by 2032 | FMI

The travel advertising sector is estimated at US$ 9.7 Billion in 2022 and is projected to reach US$ 15 Billion by 2032, at a CAGR of 9%.

The Travel Advertisement market is forecasted to grow at a consistent growth rate during the forecast period. This is majorly attributed to the growing popularity of global content and the trend of cultural integration. People interested in understanding culture from different regions and experiencing them are likely to visit these places. The natural beauty and the landscapes around the regions are attracting adventure seeking tourists and nature lovers.

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Overall, the Travel Advertisement is attracting more and more tourists each year and make them come back for experiencing more. the services provided by local businesses and the tour companies are leaving positive impression on tourists about the Travel Advertisement market.

Key Takeaways from the Travel Advertisement Market Study:

The North America, Europe and Asia Pacific regions hold a market share of ~27%, ~24% and ~20% respectively.
Brochures and Newspaper, magazine advertisements are the key marketing means for tourism advertisements.
The travel agency businesses in USA increased by 5.2% in 2022.

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Key Players

Amadeus travel advertising,
Accord
MMGY Global
DANA
DCI
Digitalcoconut
OP Worldwide
LLC
EchoVME
D cube Technologies
TheBeGlobal

The Travel Advertising Sector by Category

By Advertisement Media:

Magazines
Newspapers
Television
Emails
Others

By Travel Type:

Business Travel
Backpacking
Family Travel
Others

By Tourist Type:

Domestic
International

By Age Group:

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

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Micro-Miniature Co-Axial Adapter Market Soars with a 5.5% CAGR, Reaching US$ 5.8 Million Valuation

The micro-miniature co-axial adapter market is projected to increase at a CAGR of 5.5% over the course of the forecast period, increasing in value from US$ 3.7 Million in 2018 to US$ 5.8 Million by 2028. Because they are far more useful when joining than cables and other pieces of equipment, micro-miniature co-axial adapters are in high demand.

As a result, micro-miniature co-axial adapter sales have surged. These adapters offer a space-saving option for RF applications and are roughly 50% smaller than SMB adapters. The micro-miniature co-axial adapters have a high density as well.

Because they are more portable than other adapters in the same field, micro-miniature co-axial adapters are in greater demand. Coaxial connectors and adapters for micro-miniature devices are compliant with European CECC 22000 standards

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The micro-miniature co-axial adapter market refers to the industry of electronic components used for connecting micro-miniature co-axial cables, which are used for high-frequency signal transmission in various applications such as aerospace, defense, telecommunications, and medical devices.

Micro-miniature co-axial adapters are small, lightweight, and designed for high performance, making them ideal for use in miniaturized electronic systems.

The micro-miniature co-axial adapter market has seen significant growth in recent years, driven by the increasing demand for high-speed data transfer and reliable signal transmission in various industries. The adoption of wireless communication technologies and the increasing need for miniaturization in electronic devices have also contributed to the growth of the market.

The micro-miniature co-axial adapter market is expected to continue growing in the coming years, driven by the increasing demand for high-speed data transfer and the growing adoption of 5G and other wireless communication technologies.

The rise of the Internet of Things (IoT) and the increasing use of micro-miniaturization in electronic devices are also expected to fuel the growth of the micro-miniature co-axial adapter market, as these trends require high-performance and reliable signal transmission solutions.

Leading Key Players:

The key players in the global micro-miniature co-axial adapter market include:

Amphenol RF Asia Corp.
Emerson Network Power Inc.
Huber+Suhner Inc.
Cinch Connectivity Solutions LTD.
RF Industries LTD
Dynawave Inc.
Tyco Electronics Corporation
Bomar Interconnect Products Inc. and others.

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Micro-Miniature Co-axial Adapter Market Segmentation:

By Type:

MMCX to BNC
MMCX to MMCX
MMCX to SMA
MMCX to N
MMCX to AMC
MMCX to MCX

By Application:

Measurement Equipment
Antenna Mounts
Panel Transitions
Radio Boards
Bulkhead Applications

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

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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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7.1% CAGR Propels Computer Aided Facility Management (CAFM) Market Toward a US$ 2,081.4 Million Milestone by 2032

The computer aided facility management (CAFM) market garnered an approximate value of ~US$ 987.5 million. Projections indicate a robust (CAGR) of 7.1% propelling the CAFM market to ascend, ultimately reaching a substantial valuation of US$ 2,081.4 million by 2032.

Comprising nearly 5% of the facility management market, the computer aided facility management (CAFM) domain stands as a dynamic player in its own right. Equipping facility management professionals with the tools they need, CAFM software stands as a catalyst for effective performance. Across large enterprises, the adoption of CAFM software and services emerges as a strategic move, optimizing functions such as asset management, space utilization, building operations, and property management.

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Revolutionizing Facilities Management: Big Data and IoT Reshaping Maintenance and Operations:
In an era defined by innovation, big data stands as a formidable catalyst, orchestrating a paradigm shift within the facilities management industry. This technology emerges as a conduit for harvesting profound insights from an extensive tapestry of diverse data, gleaned from a multitude of sources. By seamlessly integrating sensors with the Internet of Things (IoT), facilities management harnesses a potent toolset that not only curtails real estate expenditures but also elevates the overall employee experience.

IoT sensors emerge as linchpins in this transformation, playing a pivotal role in identifying frequently utilized spaces. This crucial intelligence facilitates the optimization of cleaning schedules, yielding efficiency gains and cost savings. The outcome manifests as cleaner, safer work environments seamlessly intertwined with more intelligent, responsive maintenance strategies. Consequently, the embrace of transformative technologies like big data and IoT emerges as a driving force propelling the industry’s growth trajectory.

Key Takeaways from the Computer Aided Facility Management (CAFM) Market Report:

Leading Solution Segment: The computer aided facility management software segment is poised to take center stage, contributing a substantial share of 71.2% to the global demand for computer aided facility management by 2032.
Enterprise Size Dynamics: The trajectory indicates a noteworthy trend in the adoption of computer aided facility management among small and medium enterprises. A Compound Annual Growth Rate (CAGR) of 8.6% between 2022 and 2032 underscores this segment’s rising prominence.
Industry Shifts: Within industries, the IT and telecom sector emerges as a growth epicenter, set to achieve a compelling CAGR of 9.9% between 2022 and 2032. Simultaneously, the manufacturing segment asserts its dominance with a significant market share in the current year, 2022.
Regional Leadership: North America sets the pace, positioned as the frontrunner in the market landscape for the year 2022, with East Asia closely following suit. A dynamic evolution unfolds in the South Asia & Pacific region, projected to spearhead growth between 2022 and 2032.
Japanese Journey: Japan’s computer aided facility management (CAFM) market navigates forward with a steady trajectory, projected to advance at a CAGR of 6.0% through the year 2032.
GCC Growth Trajectory: The Gulf Cooperation Council (GCC) countries forecast a robust ascent in the sales of computer aided facility management (CAFM) solutions, exhibiting a promising CAGR of 9.0% over the entirety of the forecast period.

Leading Key Players:

IBM Corporation
AssetWorks LLC
Idox plc
Elecosoft
FMX
ScienceSoft Inc
Ultimo Software Solutions Ltd.
FSI (FM Solutions) Limited
Hippo CMMS
ServiceChannel
UpKeep Maintenance Management
ManageEngine (Zoho Corp)
MRI Software
Planon
SIERRA ODC Private Limited
SpaceIQ

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Computer Aided Facility Management (CAFM) Market Segmentation:

By Solution:

Computer Aided Facility Management (CAFM) Software
- Cloud-based
- Web-based
- On-Premises
Services
- Professional Services
  - Integration and Implementation
  - Business Consulting & Advisory
  - Support & Maintenance
- Managed Services

By Enterprise Size:

Small and Mid-Size Enterprises (SMEs)
Large Enterprises

By Industry:

IT & Telecom
BFSI
Manufacturing
Energy & Utilities
Government & Defense
Healthcare & Life Sciences
Retail & CPG
Transportation & Logistics
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East and 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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Nandini Singh Sawlani

Oilfield Production Chemicals Industry Gaining Momentum with a 4.0% CAGR, Aiming for US$ 3,824.9 Million by 2028

Future research Insights released a research analysis named oilfield production chemicals industry Global Industry Analysis 2017 – 2021 and Opportunity Assessment 2022 – 2028 that studies the oilfield production chemicals market and provides critical market insights for the next ten years.

Oilfield production chemicals are critical compounds used in the oil and gas sector to increase output and efficiency. These compounds help to reduce operational difficulties including corrosion, scale, and wax deposition, ensuring smooth hydrocarbon extraction and processing. Oilfield production chemicals are critical to the performance of oilfield operations because they remove hazards and maximize productivity.

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The growing demand from the oil and gas industry drives the global oilfield production chemicals market. Crude oil output in some places has increased steadily in recent years, and as a result, demand for oilfield production chemicals is projected to stay high in the foreseeable future.

According to Future Market Insights, global sales of oilfield production chemicals are predicted to reach US$ 3,021.8 million by the end of 2022, growing at a 4.0% CAGR between 2022 and 2028. This paper details the demand for oilfield production chemicals and how it differs by kind and application.

The climatic conditions of crude oil-producing regions are expected to have an impact on the expansion of oilfield production chemicals such as hydrate inhibitors in the next years. Offshore oil production methods are expected to grow steadily in the coming years, increasing sales of oilfield production chemicals such as demulsifiers.

Furthermore, crude oil producers are focusing on oil and gas exploration in order to increase crude oil production capacity. The discovery of new oil and gas reserves is likely to boost sales of oilfield production chemicals in the future years.

Global Oilfield Production Chemicals Market: Segmentation Analysis

The market insights suggest that the global oilfield production chemicals market is dominated by the production methods application segment. Production methods are directly connected to the production of crude oil. Methods such as enhanced oil recovery, water injection, and hydraulic fracturing used in crude oil production witness higher demand for oilfield production chemicals.

Increasing crude oil production is expected to boost production activities in oilfields, which in turn is expected to create a platform for the demand of oilfield production chemicals. The discovery of new reserves of oil is considered to be another factor responsible for the growth of oilfield production chemicals demand in the production methods application segment.

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Global Oilfield Production Chemicals Market: Competitive Landscape

Some of the players reported in this study on the global oilfield production chemicals industry include

Arkema S.A
Clariant AG
BASF SE
Halliburton Co.
Albemarle Corporation Company
Huntsman Corporation
ECOLAB Inc.
Solvay S.A.

Key Segmentation

By Type:

Demulsifiers
Corrosion Inhibitors
Paraffin Inhibitors
Biocides
Hydrate Inhibitors
H2S Scavengers
Scale Inhibitors
Others

By Application:

Production Methods
Storage & Transportation
Safe Disposal ges

By Region:

North America
Latin America
Western Europe
Eastern Europe
China
India
Japan
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