Market Research Blog

The refined functional carbohydrates market is estimated to reach a valuation of  US$ 232.54 million in 2023. The market’s overall valuation may thrive at a CAGR of 5.7% between 2023 and 2033. According to estimates, by 2033, the market is likely to be worth US$ 404.81 million.

Increasing consumption of functional foods, including functional carbohydrates, is resulting in a steady increase in demand for refined functional carbohydrates. As gut health plays an important role in livestock production. Therefore, to improve immunity, refined functional carbohydrates are often added to animal feeds.

Energy and functional ingredients can also be obtained from highly refined carbs. For example, refined functional carbs are used in poultry feed formulations to increase the efficiency of feed utilization, which reduces feed costs and improves animal performance.

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For the refined functional carbohydrates market to grow, several factors must be considered. This includes the expanding animal feed industry, the growing need for nutritious foods, and the rising disposable income of people around the world.

Refined functional carbohydrates are expected to grow substantially as disposable incomes rise and health benefits become more apparent. Research and development expenditures for agro genomics are an important factor determining the growth of the refined functional carbohydrates market.

Drivers	·         Animal protein demand is on the rise  ·         Potential health benefits for human ·         Governments and regulatory agencies provide support
Restraints	·         Production cost is relatively high  ·         Limited awareness and understanding of benefits
Opportunities	·         Rise in demand for sustainable and natural products  ·         Emerging market in Asia Pacific region due to increasing demand for animal protein

Key Takeaways from Market Study

• The refined functional carbohydrates market is expected to record a CAGR of 5.7% over the forecast period.
• The Mannan oligosaccharides product segment is forecast to register a 6.8% CAGR through 2033.
• The United States is likely to have a significant market share of 89.9% in the North America region.
• South Korea accounts for 65.0% of the market share in the Asia Pacific in 2023.

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Competitive Landscape:

Companies operating in the global market are focusing on product launches with various claims to meet emerging consumer demands. Refined carbohydrates are also becoming increasingly popular as an ingredient in products. For instance, products such as white bread, white flour, pasta, and white wine, among others.

Several prominent companies that dominate this market, including refined functional carbohydrates, are DuPont Danisco, Lallemand, Orffa, VWR Corporation, Super Beta Glucan, Pet Health Solutions, and others.

Recent Developments:

• A new funding program for the improvement or expansion of livestock and dairy slurry stores was launched in December 2022. This program enables livestock and dairy farmers to apply for grants of up to US$ 309,612.
• Korea’s Ministry of Agriculture, Food and Rural Affairs (MAFRA) decided to remove longstanding trade barriers in September 2022. Removal of this trade barrier can improve pork and poultry exports to the European Union. By adopting such initiatives, livestock farming may be boosted, resulting in greater utilization of D-mannose carbohydrates in animal feed.

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Market Segmentation by Category

By Product:

• Mannan Oligosaccharides
• Beta-glucan
• D-Mannose

By Application:

• Cattle/Calves
• Poultry
• Swine
• Aquaculture

By Region:

• North America
• Latin America
• Europe
• The Middle East and Africa
• East Asia

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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.

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The feed micronutrients market is predicted to be worth US$ 1.91 billion in 2023 and rise to US$ 3.52 billion by 2033. The global industry was expanding at a CAGR of 4.6% from 2018 to 2022.

Consumers are becoming more concerned about animal welfare and the effects of livestock production on the environment. The demand for feed micronutrients that enhance the health and welfare of animals and are produced ethically and sustainably is rising as a result.

The adoption of cutting-edge animal husbandry techniques in both developed and developing nations open up new opportunities for the industry. The global feed micronutrients industry is expected to expand as agricultural and breeding expenditures for livestock rise.

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The detrimental effects on the environment are a significant barrier to the expansion of the global feed micronutrient sector. The soil contamination brought on by the usage of metals like zinc and copper in livestock feed is included in this.

The importance of feed micronutrients for the welfare and health of animals is becoming more and more understood by farmers and producers in different regions. Products providing feed micronutrients that can help boost animal performance and reduce the risk of sickness are in higher demand.

Key Takeaways

• By 2033, Europe’s feed micronutrients market is expected to expand at a CAGR of 6.2%.
• The feed micronutrients market was significantly expanding, with a size of US$ 1.8 billion in 2022.
• The market is anticipated to expand at a valuation of US$ 2.30 billion by 2026, as a result of rising animal welfare activities.
• Due to the market’s excellent potential and rising use of zinc in the industry, analysts expect it is likely to rise 1.06 times between 2022 and 2023.
• In the United Kingdom, the poultry livestock segment is likely to lead with a valuation of US$ 1.4 billion by 2033.
• Based on products, trace minerals dominated the market with a 3/5th share in 2022. Moreover, the market continued to lead during the forecast period.
• Based on livestock, the poultry segment led the market with a 1/3rd share in 2022.

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Critical Approaches Increasing Top Players’ Wealth

The feed micronutrients industry is moderately consolidated, with a few multinational corporations holding the leading market shares. This includes Archer Daniels Midland Company, Kemin Industries Inc, Cargill Inc., Alltech, Zinpro Corporation, Tanke Biosciences Corp., Purina Animal Nutrition LLC, Novus International Inc., Pancosma S.A., Koninklijke DSM N.V., Biochem Zusatzstoffe Handels, QualiTech Inc.

Newcomers to the feed micronutrients market confront several obstacles. including tighter restrictions, greater manufacturing costs, and a lack of consumer awareness.

Recent Developments

• Balancius, the first microbial muramidase, was released in September 2018 by DSM and Novozymes. It is essential for enhancing feed efficiency and digestibility in broilers. The product claims that as a result, the feed conversion ratio of grill chickens increased by 4-6 points (or 3%) overall.
• The current feed enzyme distribution contracts between Cargill and BASF have now access to more markets and R&D resources. As the companies made an announcement of their partnership in October 2021. Through this partnership, it is easier to create, manufacture, promote, and market swine-specific enzyme goods.

Key Segments

Feed Micronutrients by Product:

• Feed Micronutrients as Trace Minerals
  • Iron
  • Zinc
  • Manganese
  • Copper
  • Boron
• Feed Micronutrients as Vitamins
  • Vitamin A
  • Vitamin B
  • Vitamin C
  • Vitamin D
  • Vitamin K
  • Vitamin E
  • Carotenoids

Feed Micronutrients by Livestock:

• Poultry
• Ruminant
• Swine
• Aquaculture
• Others

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Table of Content

1. Executive Summary | Feed Micronutrients Market

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

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The Amino acid market is expected to see a substantial CAGR of 7.4% and is projected to increase from US$ 24.2 billion in 2021 to US$ 62.1 billion by 2032. The demand for wholesome food has increased, along with customers’ knowledge of their health.

This has forced food and beverage producers to make products boosted with necessary nutrients, such as amino acids, which has increased consumer demand for amino acids. An increase in international athletic events and greater knowledge of the physiological benefits of amino acids on muscle building is driving the expansion of the amino acids market.

Biotechnology advancements had a significant role in the creation of proteinogenic amino acids, which are added to proteins during translation and enhance amino acid sales. Amino acids are used in animal nutrition supplements to improve animal health and productivity, which raises the demand for amino acids. Amino acids are produced utilizing numerous biotechnology-based methods.

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Throughout this time, it is projected that increased consumer spending and purchasing power due to rising disposable income would present lucrative opportunities for the amino acids market. The regional market for amino acids is anticipated to grow as a result of expanding production of amino acids and rising feed additive exports from significant countries like China and Japan.

The increasing usage of animal feed additives that contain a proportionate number of well-known amino acids, such as lysine, methionine, and threonine, for improving animal development performance is expected to drive the market for an amino acid in Europe.

Key Takeaways from Market Study

• The amino acid market is expected to have a CAGR of 7.4% during the forecast period.
• The market is segmented based on raw materials, wherein the plant-based segment accounted for a significant global amino acid market share of 86% in 2021.
• The market is segmented based on product, wherein the L-glutamate accounted for an adequate global amino acid market share of 47.5% in 2021.
• The market is segmented based on application, wherein the food and dietary supplements segment accounted for a global amino acid market share of 56.1% in 2021.
• The market is segmented based on application, wherein the poultry segment accounted for a significant global amino acid market revenue share of 41.8% in 2021.
• The Asia-Pacific amino acid market is anticipated to grow at the fastest rate, with a sales share of 48.5% during the forecast period.
• The Europe amino acid market is expected to grow significantly during the forecast period.

Competitive Landscape

Due to the abundance of well-established market competitors and major amino acid market players operating globally, the amino acid market is fragmented. The amino acid market has been distinguished by its large manufacturing capacity and well-established enterprises.

Ajinomoto Co., Inc., KYOWA HAKKO BIO CO., LTD., Evonik Industries AG, AMINO GmbH, and Taiwan Amino Acids Co. Ltd. are some major key players in the amino acid market.

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Recent Developments:

• The launch of Ambition, an amino acid-based medicine created specifically for the Chinese market, was announced by the Leverkusen, Germany-based pharmaceutical company Bayer AG in January 2022. The item contains 19 different kinds of amino acids, including glutamic, alanine, and glycine acid.
• To increase milk yield, ADM introduced NutriPass L, an encapsulated lysine supplement.

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Amines Market: A CAGR of 7.5% is anticipated between 2023 and 2033 for the growth of the global amines market, which was valued at US$ 31.9 Bn in 2023. The amines market is anticipated to reach US$ 65.8 Bn by 2033.

Tallow Amine Market: The tallow amine market is anticipated to record a CAGR of 4% during the forecast period. The tallow amine market share is valued at US$ 9.3 Bn in 2022 and is anticipated to value at US$ 13.77 Bn by 2032.

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Global phenoxycycloposphazene market demand is anticipated to expand at a formidable rate between 2022 and 2032. The market growth is attributed to hyperbolic demand for epoxy resins, particularly across the electronics industry. In its latest report, ESOMAR-certified market research firm Future Market Insights offers an extensive study of the market for Phenoxycycloposphazene.

FMI provides a new study to elucidate the potential growth parameters of the Phenoxycycloposphazene market. On the back of prevailing trends, FMI presents a positive growth outlook. The report is intended to present an unbiased analysis. It, therefore, offers incisive coverage of key market dynamics, including drivers, restraints, opportunities, and challenges. It also offers detailed information on the Phenoxycycloposphazene market structure.

FMI’s in-house team for the chemicals & materials sector gives valuable insights, validated with the latest data. The report also gives access to an extensive database that tracks existing and upcoming chemicals & materials trends and innovation in 100+ countries.

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FMI’s latest report on the global Phenoxycycloposphazene market provides an analysis of the regulatory landscape and profitable epidemiology. The study also tracks global sales of primary Phenoxycycloposphazene in 20+ high-growth markets, along with detailed coverage of the impact COVID-19 had on the Phenoxycycloposphazene market.

In the last couple of years, the chemicals & materials industry has witnessed considerable technological advancements across various sectors. Coupled with this, increasing research and development activities following the outbreak of COVID-19 have had a positive impact on overall growth.

With the development of petroleum & oil and gas companies and R&D activities, the market has witnessed a healthy expansion. FMI’s latest report offers significant details about the latest trend and challenges that the Phenoxycycloposphazene market is expected to witness in the upcoming decade.

Impact of COVID-19 on the Phenoxycycloposphazene Market

The pandemic has placed an enormous strain on the chemicals & materials industry including its workforce, supply chain, infrastructure, and market players. The first wave of COVID-19 that hit the regions across the globe, compelled the chemicals & materials industry to adapt and develop its infrastructure and innovate in a short period of time. Against this backdrop, FMI tracks the changes, improvements, profits, and losses in the industry among the existing players as well as the new entrants within the industry.

The FMI’s recently published report presents detailed insights into the impact of COVID-19 on the Phenoxycycloposphazene market and innovative strategies adopted by the market players to tackle the challenges encountered due to the pandemic.

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Phenoxycycloposphazene Market: Key Segmentation

By End-User:

• Phenoxycycloposphazene for Epoxy Resins
• Phenoxycycloposphazene for Led Luminous Diode
• Phenoxycycloposphazene for Copper Clad Plate
• Phenoxycycloposphazene for Paints
• Phenoxycycloposphazene for Encapsulating Material

Application:

• Phenoxycycloposphazene for Halogen Free Fire Retardant

An extensive study of the geographical regions offers detailed insights into the market performance across major regions along with descriptive infographics, datasets, and a list of tables.

Phenoxycycloposphazene Market: Competitive Evaluation

The FMI’s Phenoxycycloposphazene market report provides a comprehensive analysis on key players operating in the Phenoxycycloposphazene market. Some of the key players are:

• DuPont,
• Mitsubishi Chemical,
• Tianjin Zhongxin Chemtech Co., Ltd.,
• Zibo Lanyin Chemical Co. Ltd.

With a detailed analysis of the positioning of top companies across the globe, emerging players, strategic players, and innovators, the FMI’s study presents the strengths, weaknesses, growth prospects, and challenges of key players over the forecast period.

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Why Buy FMI’s Report?

• Extensive analysis on high growth niche markets across major regions
• Detailed assessment of key segments and sub-segments
• Recent and upcoming strategies tracked manufacturers for the Phenoxycycloposphazene market
• Reliable information on new product launches, technological advancements, and more
• Valuable insights on the impact of regulatory framework on the global Phenoxycycloposphazene market

About Future Market Insights, Inc.

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.

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The global demand for the polycarbonate resins market is estimated at US$ 5.3 billion in 2022 at a CAGR of 5.2% growing estimated to US$ 8.8 billion from 2022 to 2032. Due to the expansion of the electronics and automotive sectors, the market for polycarbonate resins is expected to grow significantly worldwide in the next decade.

Polycarbonate Resins are thermoplastic generally derived from phosgene and bisphenol A. Polycarbonate’s properties include ductility, high strength, and amorphous. Polycarbonate resins are manufactured by the condensation process of bisphenol A and phosgene.

Polycarbonate Resins application has been discovered across various industries such as electrical & electronics, automotive, medical, and films

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Global Polycarbonate Resins Market: Drivers & Restraints

Some of the underlying drivers for the global polycarbonate resins market are identified as the growing demand for Blu-Ray discs and demand from the automotive industry. Growth in the demand for environmental products is expected to drive the demand for the polycarbonate resins market.

High initial investments and access to licenses are some of the factors hampering the development of new entrants in the polycarbonate resin market. Growing demand for substitutes such as polystyrene is also expected to create a threat to the polycarbonate resins market.

Global Polycarbonate Resins Market: Overview

The global carbon fiber reinforced market is expected to expand at CAGR in the range of 5% – 9% over the forecast period. Asia Pacific is expected to exhibit the largest market share coupled with the highest growth during the forecast period. The growth of the Asia Pacific polycarbonate resin market is due to the lack of stringent regulations, low labor costs, and availability of raw materials.

Global Polycarbonate Resins Market: Key Players

Major players in the global polycarbonate resins market include SABIC Innovative Plastic, Trinseo S.A., Bayer Material Science AG, Mitsubishi Engineering – Plastic Corporation, and Teijin Ltd.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, types, and applications.

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Regional analysis includes

• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC, S. Africa, N. Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain.

The report provides an 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.

Global Polycarbonate Resins Market: Segmentation

On the basis of application, the global polycarbonate resins market is segmented into:

• Packaging
• Optical Media
• Medical
• Consumer
• Electrical & Electronics
• Automotive
• Films
• Others

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Report Highlights:

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

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Polysulfide Resin Market: In terms of value, the global polysulfide resin market is poised to expand at 3.9% CAGR through 2031. Sales of polysulfide resins are projected to top US$ 229.76 Mn by 2031.

Furan Resin Market: Furan resins are categorized under heterocyclic organic compounds having one oxygen atom and four carbon atoms connected to each other in an aromatic ring-shaped structure.

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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.

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Global Aerogel Market is estimated to be US$ 1.5 billion by 2022 and forecasts annual growth of 17% worth US$ 7.5 billion through 2022 to 2032. Due to technological advances in this area, North America led the world market, followed by Asia Pacific.

In its latest report, ESOMAR-certified market research firm Future Market Insights offers an extensive study on the market for Aerogel. FMI provides a new study to elucidate the potential growth parameters of the Aerogel market. On the back of prevailing trends, FMI presents a positive growth outlook.

The report is intended to present an unbiased analysis. It, therefore, offers incisive coverage of key market dynamics, including drivers, restraints, opportunities, and challenges. It also offers detailed information on Aerogel’s market structure.

FMI’s in-house team for the chemicals & materials sector gives valuable insights, validated with the latest data. The report also gives access to an extensive database that tracks existing and upcoming chemicals & materials trends and innovation in 100+ countries.

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FMI’s latest report on the global Aerogel market provides an analysis of the regulatory landscape and profitable epidemiology. The study also tracks global sales of primary Aerogel in 20+ high-growth markets, along with detailed coverage of the impact COVID-19 had on the Aerogel market.

In the last couple of years, the chemicals & materials industry has witnessed considerable technological advancements across various sectors. Coupled with this, increasing research and development activities following the outbreak of COVID-19 have had a positive impact on overall growth.

With the development of petroleum & oil and gas companies and R&D activities, the market has witnessed a healthy expansion. FMI’s latest report offers significant details about the latest trend and challenges that the Aerogel market is expected to witness in the upcoming decade.

Impact of COVID-19 on Aerogel Market

The pandemic has placed an enormous strain on the chemicals & materials industry including its workforce, supply chain, infrastructure, and market players. The first wave of COVID-19 that hit the regions across the globe, compelled the chemicals & materials industry to adapt and develop its infrastructure and innovate in a short period of time. Against this backdrop, FMI tracks the changes, improvements, profits, and losses in the industry among the existing players as well as the new entrants within the industry.

The FMI’s recently published report presents detailed insights into the impact of COVID-19 on the Aerogel market and innovative strategies adopted by the market players to tackle the challenges encountered due to the pandemic.

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Aerogel Market: Key Segmentation

An extensive study of the geographical regions offers detailed insights into the market performance across major regions along with descriptive infographics, datasets, and a list of tables.

Product Type:

• Silica Aerogel
• Polymer Aerogel
• Carbon Aerogel

Application Industry:

• Aerogels for Oil & Gas
• Aerogels for Marine & Aerospace
• Aerogels for Performance Coating
• Aerogels for LVHS
• Aerogels for Day-Lighting
• Aerogels for Automotive
• Aerogels for Construction

Form:

• Monolith Aerogel
• Blanket Aerogel
• Article Aerogel
• Panel Form Aerogel

Processing:

• Virgin Processed Aerogel
• Fabricated Aerogel

Aerogel Market: Competitive Evaluation

The FMI’s Aerogel market report provides a comprehensive analysis on key players operating in the Aerogel market. Some of the key players are:

• Cabot Corp
• BASF SE
• Aerogel Technologies LLC
• Aspen Aerogels, Inc.

With a detailed analysis of the positioning of top companies across the globe, emerging players, strategic players, and innovators, the FMI’s study presents the strengths, weaknesses, growth prospects, and challenges of key players over the forecast period.

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Why Buy FMI’s Report?

• Extensive analysis on high growth niche markets across major regions
• Detailed assessment of key segments and sub-segments
• Recent and upcoming strategies tracked manufacturers for the Aerogel market
• Reliable information on new product launches, technological advancements, and more
• Valuable insights on the impact of regulatory framework on the global Aerogel market

About Future Market Insights, Inc.

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 Us:

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The growth of the Bio-Plasticizers market is attributed to the ongoing research on bio-based plasticizers, which is likely to create opportunities for the market in the forthcoming years. Plasticizers are compounds incorporated in a polymer matrix to increase its flexibility and improve the chemical properties of the plastic product.

The addition of a plasticizer can lower the glass transition temperature, melt viscosity, and elastic modulus of the polymer. Earlier phthalate-based plasticizers represented 85% of the total plasticizers market.

However, stringent government regulations and rising health concerns of consumers stimulated the demand for bio-plasticizers. In order to assure sustainability, end users are looking for safe, biodegradable, and non-phthalate-based plasticizers. Bio-based plasticizers are widely used as additives in PVCs.

They are used in PVC resins, PVC cables, vinyl flooring, wire jacketing, automobile parts, etc. Using bio-plasticizers for wire applications can enable cable and original equipment manufacturers (OEMs) to reduce carbon gas emissions by up to 40%.

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Also, plasticizers are the most commonly used additives used in plastic industries. Bio-based plasticizers are produced from vegetable raw materials and are used as an alternative to petroleum-based plasticizers. The raw material used for the production of bio-plasticizers is castor oil, soybean oil, palm oil, and starch.

Epoxidized Soybean Oil (ESBO) is the most commonly used bio-plasticizer. ESBO is manufactured from soybean oil through a process of epoxidation. ESBO is one of the most preferred additives in PVC gaskets, particularly in food packaging.

Bio-Plasticizers Market: Drivers & Restraints

Growth in end-user industries in developing nations such as India, China, Brazil, etc. is expected to drive the bio-plasticizers market during the forecasted period. A tight supply of harmful phthalate such as BBP, DEP, DBP, and DOP and increasing consumer awareness are driving the growth of bio-plasticizers.

Ban on phthalate-based plasticizers in consumer goods, food packaging material, and medical products have led to the development of eco-friendly bio-based plasticizers. The higher cost of bio-plasticizers as compared to phthalate-based plasticizers is a key challenge faced by the bio-plasticizers market.

When used for cable manufacturing, these bio-plasticizers offer various advantages in terms of electrical and temperature performance compared to traditional plasticizers.

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Bio-Plasticizers Market: Key Players

Some of the key market participants in the global Bio-Plasticizers market are The Dow Chemical Company, Bioamber Inc., Vertellus Specialties Inc., Danisco Us Inc., Solvay S.A., Dow Chemical Company, Polyone Corporation, Emery Oleochemicals Llc, Myriant Corporation, Evonik Industries, Matrica Spa, Lanxess Ag

The research report presents a comprehensive market assessment and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also has projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments by geographies and by vehicle type.

Bio-Plasticizers Market: Segmentation

On the basis of product type, the global Bio-Plasticizers market is segmented into

• Epoxidized Soybean Oil(ESBO)
• Citrates
• Castor Oil
• Succinic Acid

On the basis of application, the global Bio-Plasticizers market is segmented into

• Package Materials
• Medical Devices
• Consumer Goods
• Wire & Cables
• Building & Construction
• Automotive

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Bio-Plasticizers Market: Region-wise Outlook

Currently, North America serves as the largest market for bio-plasticizers due to flourishing sectors such as medical devices, chemicals, and consumer goods. Europe is estimated to be a mature market. North America and Europe account for a larger share of the market due to growth in the manufacturing and healthcare industries.

Various efforts made by different regulatory authorities to promote environmentally friendly products have led to an increase in the demand for bio-plasticizers in developed regions. The Middle East & African bio-plasticizers market is still at a nascent stage.

However, emerging countries such as UAE and Brazil are expected to have a significant market share in the near future. Asia Pacific (excluding Japan) is estimated to be the fastest-growing market in terms of market share by value, particularly in medical, wires & cables, and packaging materials applications.

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Eco-Friendly Plasticizers Market: Eco-friendly plasticizers are organic esters, which can be compounded into polymers to improve the flexibility and toughness of the end product using an internal modification of polymer morphology, and also to facilitate processing.

Non PVC Plasticizers Market: The leading players operating in the Non-PVC Plasticizers market report remain focused on strategic developments, including novel product developments, expansions, and collaborations.

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The global wind turbine composite materials market is expected to reach a valuation of US$ 25.4 Billion by 2032, with sales growing at a healthy CAGR of 7.14% from 2022 to 2032. Scaling up from a value of US$ 12 Billion in 2021, the target market is set to reach an estimated US$ 12.75 Billion in 2022.

The increasing wind energy installations along with the rising application of carbon fiber is projected to serve as a major growth driver for the wind turbine composite materials market during the forecast period. Composites are of tremendous importance in the manufacturing of wind turbine rotor blades, one of the key components of the general wind turbine structure.

Owing to the persistent increment in the length of rotor blades so as to raise the wind turbine output, the market for wind turbine composite materials is offered numerous growth opportunities during the projected period. Again, the soaring demand for wind energy leads to the construction of larger wind blades that are more effective and deliver higher output.

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This is anticipated to spearhead the demand for composite materials for blades. Additionally, the advantages of using composites over traditional materials like steel and aluminum are predicted to foster the expansion of the wind turbine composite materials market size during the assessment period.

Composite materials offer several advantages including lower maintenance, corrosion resistance, extended lifecycle, and high strength-to-weight ratio. These benefits will likely underpin the market demand over the forecast period.

The rising demand for composites that further help in improving the strength and providing greater stiffness to structural parts of wind turbines, like nacelles and blades, is expected to drive the demand for such composite materials. This will positively influence the wind turbine composite materials market during the projection period.

“Heightened demand for lightweight materials with greater efficiency is expected to spur the global demand of the wind turbine composite materials market over the forecast period,” says an FMI analyst.  

Key Takeaways:

• High costs associated with the target product may restrain the growth of the market.
• Increasing demand for sustainable and clean energy will strengthen the market prospects.
• The wind turbine composite materials market in North America will grow at a substantial CAGR during the forecast period.
• Asia Pacific will emerge as one of the most lucrative markets for wind turbine composite materials.
• By fiber type, the glass fiber segment will contribute significantly to the overall market growth.

Competitive Landscape 

Gurit Holding AG, TPI Composites, Cytec Industries, Teijin Limited, and Rotal Tencate NV among others are some of the major players in the wind turbine composite materials market profiled in the full version of the report. Key market participants are keen on entering markets in emerging economies to develop their manufacturing facilities. These businesses are focusing on product innovation and development to gain a competitive edge.

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More Insights into Wind Turbine Composite Materials Market Report

In its latest report, FMI offers an unbiased analysis of the global wind turbine composite materials market, providing historical data from 2015 to 2020 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of fiber type (carbon fiber, glass fiber), resin (epoxy, vinyl ester, polyester, polyurethane), application (towers, rotor blade, nacelle, hub), and region.

According to the latest FMI reports, based on segmentation, the glass fiber segment is predicted to contribute substantially to the overall market growth. The chemical resistance, good stiffness, and affordability of glass fibers make them a popular choice among end-users.

Key Segments Profiled in the Global Wind Turbine Composite Materials Market

Type of Fiber:

• Carbon Fiber
• Glass Fiber

Type of Resin:

• Epoxy
• Vinyl Ester
• Polyester
• Polyurethane

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Regional Analysis of Wind Turbine Composite Materials Market

Based on region, the wind turbine composite materials market in North America will present considerable growth. The target market in this region is anticipated to grow at a steady rate during 2022-2032.

Escalating power consumption, implementation of stringent environmental regulations by the U.S. and Canadian governments, and the strong presence of key market participants will drive the growth of the wind turbine composite materials market in North America during the projection period. Apart from, North America, the Asia Pacific region will also present notable growth in the wind turbine composite materials market during 2022-2032.

About Future Market Insights, Inc.

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 Us:

Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
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The global flat glass market is projected to reach a value of US$ 8.8 Billion by 2032, with the market growing at a standard CAGR of 5.2% from 2022 to 2032. Scaling up from a value of US$ 5 Billion in 2021, the target market will reach an estimated US$ 5.3 Billion in 2022.

Elevated demand for durable, energy-efficient, and affordable building products is abetting the growth of the flat glass market. A rising shift in consumer preference for glass in interior and exterior building structures for aesthetic value is further supplementing the growth of the target market during the forecast period.

The rapidly advancing construction sector is the prime growth driver of the flat glass market. The increasing spending on infrastructure projects and the development of eco-friendly green buildings, which is expected to help reduce carbon emissions into the environment, is further aiding the growth of the flat glass market.

Owing to the rising demand for renewable energy all over the globe, the market for flat glass will likely observe a rise in its international sales. This is because flat glass is typically used in photovoltaic modules, e-glass constructions, and solar panels.

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Hence, the rising demand for renewable energy also pushes the demand for flat glass. This material is increasingly replacing traditional materials like bricks, stone, and wood. In addition, insulated flat glass is transparent and recyclable, which reduces pollution and also increases comfort for building residents.

Another factor that propels the market growth is the booming automobile industry. Tempered glass is increasingly utilized by automotive manufacturers owing to its shatterproof properties, which can help avoid severe injuries and potential life threats in the course of an accident.

Other aspects, like the application of nanotechnology to make lightweight glazing glass and solar control panels, along with growing urbanization and increasing disposable incomes, are fueling the flat glass market during the forecast period.

“A surge in infrastructure spending on the development of green and eco-friendly buildings will supplement the global growth of the flat glass market over the forecast period,” says an FMI analyst.  

Key Takeaways:

• Expanding the construction and infrastructure sector drives market growth.
• Fluctuating raw material prices may hamper the market growth.
• Expanding the residential construction sector will propel the target market in the United States.
• The Asia Pacific region is expected to dominate the target market during 2022-2032.
• Infrastructural development in the Asia Pacific region will fuel the flat glass market.

Competitive Landscape 

Asahi Glass, Nippon Sheet Glass, Guardian Industries, and Saint-Gobain among others are some of the major players in the flat glass market profiled in the full version of the report. Key market players are focusing on forming strategic alliances to amplify their market share. These enterprises are employing tactics like partnerships and collaborations to strengthen their market positions.

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Key Segments Profiled in the Flat Glass Industry Survey

Glass Type:

• Toughened Flat Glass
• Laminated Flat Glass
• Coated Flat Glass
• Extra Clear Flat Glass
• Mirrored Flat Glass
• Patterned Flat Glass
• Annealed Flat Glass

Application:

• Flat Glass for Silicones
• Flat Glass for Agriculture Chemicals
• Flat Glass for Pharmaceuticals
• Flat Glass for Chemical Intermediates
• Flat Glass for Personal Care
• Flat Glass for Other Applications

Region:

• North America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Latin America
• Middle East & Africa

More Insights into Flat Glass Market Report

In its latest report, FMI offers an unbiased analysis of the global flat glass market, providing historical data from 2015 to 2020 and forecast statistics for 2022 to 2032.

To understand the global market potential, growth, and scope, the market is segmented on the basis of glass type (toughened flat glass, laminated flat glass, coated flat glass, extra clear flat glass, mirrored flat glass, patterned flat glass, annealed flat glass), application (flat glass for silicones, flat glass for agriculture chemicals, flat glass for pharmaceuticals, flat glass for chemical intermediates, flat glass for personal care, flat glass for other applications), and region.

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According to the latest FMI reports, based on region, the Asia Pacific will offer signification growth opportunities to the flat glass market during 2022-2032. This region is anticipated to account for a major share of the global flat glass market owing to the fact that a vast share of flat glass consumption comes from ASEAN countries, China, Japan, and many others. Infrastructural growth in this region will also foster growth for the target market during this period of observation.

In North America, the flat glass market will expand at a high growth rate due to the rising construction of privately owned housing in the United States. Thus, North America and Asia Pacific are two of the regions likely to offer various lucrative opportunities for the flat glass market during the forecast period.

About Future Market Insights, Inc.

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 Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com
Browse the latest Market Chemicals & Materials Reports: https://www.futuremarketinsights.com/category/chemicals-and-materials