MEA Kitchen Storage Market Valuation Reaching US$ 1,917.6 Million by 2033 | FMI

The Middle East and Africa kitchen storage market is estimated to reach US$ 1,284.8 million in 2023. As per the report, sales are forecast to increase at a robust 4.1% CAGR, with the market valuation reaching US$ 1,917.6 million by 2033.

Since the last few years, kitchen storage has grown in significance. Homeowners’ willingness to spend on home design items is mirrored by an increase in their spending on kitchen storage accessories.

Kitchens must have space for everything necessary, from tableware to culinary supplies like cooking oil and spices.

By minimising clutter and congestion, kitchen storage organization goods including cabinets, drawers, tableware & serving storage, and pantry organisers significantly help in the creation of more navigable space, enabling people to make better use of kitchen space.

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Different-sized storage accessories are being marketed by manufacturers depending on the size of the residence. According to projections, the global market for kitchen storage would be worth over US$ 150 billion by 2027 and rise at a compound annual growth rate of more than 3% from 2019 to 2027.

Global Kitchen Storage Market- Competitive Landscape

The existence of a sizable number of market participants, which gives the global kitchen storage market its competitive aspect, distinguishes it.

Flywell International Corp, Masterclass Kitchens, Enclume Design Products, Kitchen Magic, Rev-A-Shelf, Inter IKEA Systems B., and ShefGenie Franchise Systems, LLC are a few notable participants in this market.

These players are focusing on joint ventures, acquisitions, and product introductions. For instance, Knape & Vogt expanded its kitchen storage organisation market by purchasing Diamond Storage LLC and CompX International’s furniture components operations in 2013.

In order to increase its sales of Now Kitchens’ product line, Masterclass Kitchens and the latter company partnered in January 2016. The company currently offers a wide range of goods, from contemporary kitchens to freestanding furniture.

The LifeProof Glass Water Bottle from Anchor Hocking LLC was unfilled with plastic the following year. This bottle stands out because it was made using a glass tempering method, which makes it significantly stronger than a typical glass bottle.

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Metal Kitchen Storage Devices to Generate Latent Opportunities, Wooden Shelves Surge in Popularity

Over the course of the projected period, metal kitchen storage devices are becoming more and more popular due to their high corrosion resistance, increased durability, and longer lifespans. Customers are spending a lot of money on stainless steel cabinets because they dramatically reduce the likelihood of rusting when exposed to moisture or air and are made from high nickel and chromium alloys.

Steel is also resistant to high temperatures.

Additionally, steel-based kitchen storage items are non-permeable, which means nothing can flow through them and makes cleaning much simpler.

However, wood-based technology is gaining popularity due to its aesthetic value and ease of cleaning from accumulated dirt and dust. Because it is lightweight, organising it is also made simpler.

Sink & Under Sink Sales to Hold Major Sway across the Forecast Period

Stainless steel, cast iron, composites, and solid surfaces are becoming increasingly popular materials for kitchen sink and under-sink accessories. This is due to the fact that managing kitchen trash is becoming increasingly crucial. To keep a neat and clean home, kitchen trash must be disposed of properly.

Since consumers want to save money, multi-functional sinks are growing in popularity nowadays. For instance, sinks now come with guards, drain kits, strainers, and soap dispensers.

Additionally, sensor-equipped smart sinks are increasingly popular for controlling water usage. By 2027, the sinks and smart sinks market will be worth US$40 billion.

Residential Grade Kitchen Storage Devices to Enjoy the Lion’s Share, Commercial Grade Catching Up

Customers want more sophisticated dwelling designs and layouts as urbanisation intensifies. Due to the increased need for effective and sustainable kitchen management, there has been an increase in the price of kitchen storage accessories.

Manufacturers are increasing their chances of making money by selling environmentally friendly goods, like energy-efficient dishwashers, which help consumers save money.

By the end of 2027, the residential grade market will be worth close to US$ 150 billion. Simultaneously, the rising popularity of eating in cafeterias and restaurants is improving commercial-grade kitchen storage appliances, creating profitable prospects for market participants to build significant revenue ecosystems.

Sales of Premium-Grade Kitchen Storage Products Gaining Immense Momentum due to Surging Living Standards

People’s living standards have improved as a result of urbanisation since more of them are working in well-paying positions, which has increased their disposable income levels. As a result, their demand for luxury and high-end goods would inevitably rise.

As a result, they are spending more money on high-end kitchen storage accessories. Consumers are more focused on an improved level of living in the modern day. This suggests that they are prepared to spend a larger portion of their income to obtain goods of excellent quality.

In the case of kitchen storage accessories, consumers are more concerned about an organized kitchen for which they tend to invest in expensive kitchen storage products.

Global Kitchen Storage Market- Company Profile

Flywell International CorpMasterclass KitchensEnclume Design ProductsKitchen MagicRev-A-ShelfInter IKEA Systems B.VShefGenie Franchise Systems, LLCKessebohmer Clever StorageBlum Australia Pty LtdOld Dutch InternationalAnchor Hocking, LLCKnape & Vogt Manufacturing Company

Middle East And Africa Kitchen Storage Market by Category

By Product Type:

  • Tall Cabinets
  • Sink Cabinets
  • Shelving Cabinets
  • Other Types

By End User:

  • Residential
  • Hotels & Restaurants
  • Cafes
  • Catering
  • Other Applications

By Price Range:

  • Premium
  • Economic/Low

By Sales Channel:

  • Direct
  • Indirect
    • Specialty Stores
    • Departmental Stores
    • Multi-Brand Stores
    • Exclusive Stores (Custom)
    • Online Retailers
  • Direct-To-Customer
  • Third Party Sales

By Country:

  • GCC Countries
  • Israel
  • North Africa
  • South Africa
  • Turkey
  • Rest of MIDDLE EAST AND AFRICA

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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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Automation and Sustainability Drive Growth in North American Flexographic Printing Market, Projected Closing Value Worth Us$ 1,131.4 Million By 2032 Globally

In the year 2022, the global flexographic printing machine market is poised to amass a total of US$ 875.1 million. Over the forecast period spanning from 2022 to 2032, the market is predicted to exhibit a growth rate of 2.6%, ultimately culminating in a projected value of US$ 1,131.4 million by the year 2032.

The North American flexographic printing market is set for a robust growth trajectory, with a projected Compound Annual Growth Rate (CAGR) of 5.1% over the forecast period. By 2022, it is expected to capture a significant share, accumulating 27% of the global revenue. This expansion can be attributed to the accelerated adoption of automation in the printing industry, driven by advancements in microcomputer and software technologies. Automation streamlines operations, reduces energy consumption, minimizes material usage, and decreases labor input. Moreover, innovations in make-ready and plate preparation processes are enhancing efficiency, leading to quicker turnaround times.

In the food and cosmetic sectors in North America, there’s a notable shift toward sustainable and eco-friendly printing and packaging solutions. As consumers increasingly seek reliable and transparent product information, this trend is driving the demand for clear and trustworthy food labels. Manufacturers are expected to incorporate advanced technologies to meet these needs, further bolstering the market.

The North American flexographic printing market is also influenced by the rise in online shopping and the proliferation of online portals, particularly in the United States. According to the USA Department of Commerce, consumers spent a substantial $601.75 billion on online shopping with US-based merchants in 2019, marking a 14.9% increase from the previous year. This surge, the highest annual percentage growth since 2000, reflects the market’s dynamism and adaptation to changing consumer behaviors and preferences.

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Key Features and Advantages

The Flexographic Printing Machine Market boasts several features that set it apart:

  • High-Speed Printing: Flexo machines can achieve impressive speeds, making them ideal for large print runs and time-sensitive projects.
  • Versatility: These machines can print on a wide range of substrates, including those with uneven surfaces, ensuring its applicability across various industries.
  • Cost-Effective: Flexo printing offers a cost-effective solution for bulk printing needs, making it a preferred choice for packaging and labeling.
  • Eco-Friendly: Water-based inks and sustainable materials can be used in flexo printing, aligning with eco-conscious practices.

Who are the Key Players in the Global Flexographic Printing Machine Market?

Some key players in the flexographic printing machine market are

  • Aim Machintechnik Pvt. Ltd.,
  • R.K. LABEL PRINTING MACHINERY (P) LTD,
  • Wolverine Flexographic LLC,
  • Star Flex International,
  • Rotatek,
  • Edale UK Limited,
  • Nilpeter A/S,
  • Polygraph Limited,
  • Shanghai Printyoung International Industry Co., Ltd and
  • Dongguang Xinghui Carton Machinery among others.

Key developments in the flexographic printing machine market are as follows:

  1. In October 2019, BOBST introduced the VISION CI flexo press, which is aimed at providing the most efficient performance for all production lengths on a wide range of substrates. It is quick to set up and changeovers, and it includes technical innovations and automation that ensure repeatable process consistency, minimal waste, and mechanical stability.
  2. Omet launched the XFlex X7, a 670mm (26in) width flexo press designed for shrink sleeve and flexible packaging production, in September 2019. Another novel feature of the press is Omet’s High-Value Rotogravure (HVR) print unit.

Market Opportunities

The following are the major opportunities in the Flexographic Printing Machine Market:

  • Increasing demand for sustainable and eco-friendly packaging solutions
  • Rising demand for customized packaging
  • Expansion of the e-commerce industry

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Factors Propelling the Global Flexographic Printing Machines Market

  1. Cost-Effectiveness: Flexographic printing is known for its cost-effectiveness, making it an attractive choice for businesses looking to reduce printing expenses. This affordability is driving the adoption of flexographic printing machines across various industries.
  2. Environmentally Friendly: Flexographic printing uses water-based inks and is considered environmentally friendly compared to other printing methods that may involve more chemicals and waste. As sustainability becomes a key concern, this eco-friendly aspect is boosting the market.
  3. High-Speed Printing: Flexographic machines offer high-speed printing capabilities, which are particularly beneficial for large-scale and high-volume printing tasks. Industries such as packaging and labeling benefit from the rapid production rates.
  4. Advancements in Technology: Ongoing technological advancements have improved the efficiency and quality of flexographic printing. Enhanced automation, computerization, and innovative inks are driving the market’s growth.
  5. Rising Packaging Demand: The packaging industry, including flexible packaging, labels, and corrugated boxes, is experiencing significant growth due to the expansion of e-commerce and increased consumer demand for packaged goods. Flexographic printing is well-suited for these applications, thus driving the market.
  6. Customization and Personalization: Flexographic printing allows for easy customization, making it ideal for producing products with unique designs and variable data. The demand for personalized products and packaging is boosting the market.

Key Segments Covered in the Flexographic Printing Machine Market Report

Flexographic Printing Machine Market by Technology Type:

  • Semi-automatic Flexographic Printing Machine
  • Automatic Flexographic Printing Machine

Flexographic Printing Machine Market by End Use:

  • Flexographic Printing Machine for Print Media
  • Flexographic Printing Machine for News Printing
  • Flexographic Printing Machine for Book/Magazine Printing
  • Flexographic Printing Machine for Advertisement Printing
  • Flexographic Printing Machine for Office and Admin Uses
  • Flexographic Printing Machine for Industrial Applications
  • Flexographic Printing Machine for Packaging
  • Flexographic Printing Machine for Other Industries

Flexographic Printing Machine Market by Region:

  • North America Flexographic Printing Machine Market
  • Latin America Flexographic Printing Machine Market
  • Europe Flexographic Printing Machine Market
  • Asia Pacific Flexographic Printing Machine Market
  • Middle East and Africa Flexographic Printing Machine Market

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Market Benefits

  • The study provides an in-depth analysis of the global Flexographic Printing Machine Market along with the current trends and future estimations to elucidate the imminent investment pockets.
  • The key market players along with their strategies are thoroughly analyzed to understand the competitive outlook of the industry.
  • An extensive analysis of the market based on application assists in understanding the trends in the industry.
  • The report presents a quantitative analysis of the market from 2022 to 2032 to enable stakeholders to capitalize on the prevailing market opportunities.

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
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Glutaric Acid Market Projected to Achieve a US$ 8.63 Billion Valuation by 2032 with a 5% CAGR

The global consumption of glutaric acid is projected to reach an estimated value of US$ 5.3 billion in 2022, and it is expected to experience steady growth with a compound annual growth rate (CAGR) of 5%, ultimately reaching US$ 8.63 billion by 2032. This upward trajectory is attributed to the growing demand for glutaric acid across diverse sectors, including healthcare, personal care, cosmetics, and other industries, which are continually expanding their applications for this versatile compound.

Glutaric acid is an organic compound and an alpha, omega-dicarboxylic acid. Glutaric Acid is a type of linear dicarboxylic acid, related to compounds such as succinic acid and adipic acid. Glutaric Acid is also known as Pentanedioic acid. The chemical formula for Glutaric acid is C3H6(COOH)2. Glutaric acid commonly appears in the form of colourless crystals. The molecular weight of Glutaric acid is 132.115 g/mol, while the boiling point of Glutaric acid is 579 ° F. Glutaric acid is partially soluble in water, and forms a moderately strong acid in water.

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Key Factors Driving the Glutaric Acid Market:

  1. Growing Demand in the Plasticizer Industry: One of the primary applications of glutaric acid is in the production of plasticizers, which are essential in the manufacturing of PVC (polyvinyl chloride) products. The expanding construction and automotive sectors are driving the demand for PVC materials, consequently boosting the demand for glutaric acid.
  2. Expanding Pharmaceutical Industry: Glutaric acid finds applications in the pharmaceutical industry, primarily in the synthesis of drugs, such as anti-convulsant and anti-parkinsonian medications. As the global population continues to age, the pharmaceutical sector is expected to grow, creating new opportunities for glutaric acid manufacturers.
  3. Increasing Use in Specialty Polymers: Glutaric acid is used in the production of specialty polymers and resins, which are used in various industries, including adhesives, coatings, and electronic components. The growing demand for these specialty materials in industries like electronics, aerospace, and automotive is propelling the market for glutaric acid.

Top Key Players in the Glutaric Acid Industry

  • E I du Pont de Nemours & Co
  • Liaoyang Hengye Chemical Co., Ltd.
  • Charkit Chemical
  • Kowa India Pvt.Ltd
  • The Chemical Company
  • Penta International
  • TCI AMERICA
  • Santa Cruz Biotechnology
  • Carbosynth and BOC Sciences

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Key Segments Profiled in the Glutaric Acid Industry Survey

Product Grade:

  • Industrial Grade Glutaric Acid
  • Reagent Grade Glutaric Acid

End Use Industry:

  • Glutaric Acid for Chemicals
  • Glutaric Acid for Cosmetics & Personal Care
  • Glutaric Acid for Healthcare
  • Glutaric Acid for Other End Use Industries

 Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • CIS & Russia
  • Asia Pacific
  • 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.

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Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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European Woodfree Paper Market Grows on the Back of Magazine Launches, Likely To Reach US$ 2,018.0 Million In 2032

According to the report, the Woodfree Paper market is expected to expand steadily, with an estimated value of US$ 1,591.9 Million in 2022, projected to increase to US$ 2,018.0 Million by 2032. The data suggests a compound annual growth rate (CAGR) of 2.4% throughout the forecast period from 2022 to 2032.

According to a report from FMI, Europe is expected to account for nearly 19% of the woodfree paper market by the end of 2022. This growth is attributed to the increasing launch of new magazines across the UK, Germany, and Italy for marketing purposes, which is projected to boost the sales of woodfree paper in the region. The demand for lifestyle and shopping magazines among the younger population and newsworthy magazines among the older demographic will also contribute to the robust sales of woodfree gloss paper in Europe. Notably, 40% of adults in Great Britain consume general weekly magazines both online and in print, and 23% purchase women’s weekly magazines, as per the National Readership Survey, further propelling the demand for woodfree offset paper in Europe.

In North America, it is anticipated that the region will hold about 17% of the woodfree paper market share in 2022. This growth is driven by the presence of numerous established paper and pulp manufacturers in Canada and the USA, leading to increased investments in Research and Development activities. An example of such innovation is Avery Dennison Corporation, a multinational labeling and packaging materials distributor based in Ohio. In November 2021, the company introduced three white, uncoated woodfree papers made from 100% recycled fibers. Avery Dennison is actively expanding its portfolio of post-consumer recycled materials, particularly for beverages, food, spirits, and wine labels. These initiatives from industry leaders are expected to propel the North American market’s growth.

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The Major Key Payers Are:

  • Imerys Kaolin Inc.
  • Kobax Paper and Board
  • TELE-PAPER (M) SDN. BHD.
  • JK Paper Limited
  • Nine Dragons Paper (Holdings) Limited
  • The Navigator Company, S.A.
  • Rainbow Papers Limited
  • Seshasayee Paper and Boards Limited
  • Moorim Paper Co., Ltd
  • Drewsen Spezialpapiere GmbH & Co KG.

Factors Limiting the Woodfree Paper Market

  1. Environmental Concerns: Increasing awareness of deforestation and environmental issues has led to a shift towards more sustainable paper alternatives. This includes recycled paper and paper made from alternative fibers, which can limit the growth of the woodfree paper market.
  2. Digitalization: The rise of digital media and e-books has reduced the demand for traditional print media, which traditionally used woodfree paper. This digital shift can limit the market’s growth, particularly for news and magazines.
  3. Price and Cost: Woodfree paper production can be more expensive than other paper types, which can make it less attractive to cost-conscious consumers and businesses. This price factor may limit its market share in price-sensitive industries.
  4. Competition: The paper industry faces stiff competition from other materials, such as plastics and metals, for various applications. This competition can limit the market’s growth, particularly in packaging and labeling.
  5. Regulatory Changes: Changing regulations related to forestry and paper production can impact the availability and cost of woodfree paper, potentially limiting its market expansion.
  6. Shift to Digital Advertising: Advertisers are increasingly shifting to digital advertising platforms, reducing the demand for physical printed materials that would typically use woodfree paper.
  7. Economic Factors: Economic downturns can lead to reduced advertising and publication budgets, impacting the demand for woodfree paper in marketing and publishing sectors.
  8. Technological Advancements: Advancements in printing and paper manufacturing technologies have enabled the production of high-quality papers from alternative materials, potentially limiting the demand for woodfree paper.

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Key Segments Profiled in the Global Woodfree Paper Market

By Coating Type:

  • Coated Woodfree Paper
  • Uncoated Woodfree Paper

By Surface Finish Type:

  • Matt Finish
  • Gloss Finish
  • Silk Finish

By Application:

  • Magazines and Catalogues
  • Envelopes
  • Notebooks
  • Advertising Material
  • Others

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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
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Global Fire Resistant Paints Market Forecasted to Expand at a 3.8% CAGR from 2022 to 2032

The global fire resistant paints market is poised for steady growth, with a projected compound annual growth rate (CAGR) of 3.8% from 2022 to 2032. Starting at a value of US$ 1000 million in 2022, the market is anticipated to reach a substantial valuation of US$ 1452.02 million by 2032, underscoring the increasing demand for fire-resistant coatings in various industries to enhance fire safety measures.

Fire-resistant paints, also known as intumescent coatings, are designed to expand and form a fire-resistant insulating barrier when exposed to high temperatures. These coatings are typically applied to steel structures, wooden surfaces, and other substrates to provide protection against fire and heat. The primary function of fire-resistant paints is to delay the ignition and spread of flames, giving people more time to evacuate a building and firefighters a better chance to control the fire.

The report offers in-depth analysis on significant trends and growth drivers which are having an impact on the Fire Resistant Paints market growth. New opportunities and challenges are also thoroughly analyzed to enable market players to make effective future business decisions.

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Key Factors Driving Market Growth

  1. Stringent Building Regulations: Across the globe, governments and regulatory bodies have introduced more stringent building codes and safety standards. These regulations often require the use of fire-resistant materials and coatings in commercial and residential structures, boosting the demand for fire-resistant paints.
  2. Increasing Awareness of Fire Safety: Heightened awareness of the devastating consequences of fires has led to a growing emphasis on fire safety. Individuals, businesses, and organizations are proactively investing in fire-resistant coatings to protect their assets and save lives.
  3. Technological Advancements: Ongoing research and development in the field of fire-resistant paints have resulted in innovative products with improved performance, durability, and ease of application. These advancements make it easier for builders and contractors to use these coatings effectively.
  4. Rising Construction Activities: The construction industry is witnessing robust growth, particularly in emerging economies. As new structures are built, the demand for fire-resistant paints is on the rise to ensure the safety and longevity of these buildings.

Fire Resistant Paints Market: Competition Assessment

The FMI’s fire resistant paints market report provides a dashboard view of major players operating in the fire resistant paints market. Some of the key players are:

  • Contego Industries, Inc.
  • Satya Firotech India Pvt. Ltd.
  • Retardants, Inc.
  • Flame Control Coatings, LLC

With an extensive SWOT analysis, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of each player. The report also includes important data including the sales strategy, pricing strategy, and marketing strategy adopted by these players in the fire resistant paints market.

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Fire Resistant Paints Market: Key Segmentation

By Region

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

About Future Market Insights (FMI)

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

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Water-Borne Inks and Paints Market Poised to Reach US$ 96.13 Billion by 2032, with a 4.3% CAGR Growth

The water-borne inks and paints market is poised for significant growth in the coming years, with an anticipated revenue of US$ 63.10 billion by 2022. Looking ahead to 2032, the market is expected to further expand, reaching US$ 96.13 billion, supported by a robust compound annual growth rate (CAGR) of 4.3%. This growth trajectory reflects the increasing demand for environmentally-friendly and sustainable coating solutions in various industries.

The global market for water-borne inks and paints has witnessed a remarkable transformation in recent years due to increasing environmental concerns and changing consumer preferences. Water-borne inks and paints, also known as water-based inks and paints, are formulated with water as a solvent instead of traditional volatile organic compounds (VOCs) or other hazardous chemicals. This shift towards more eco-friendly and sustainable products is driving the growth of the water-borne inks and paints market.

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The report offers an in-depth analysis of significant trends and growth drivers which are having an impact on the water-borne inks and paints market growth. New opportunities and challenges are also thoroughly analyzed to enable market players to make effective future business decisions.

  1. Market Overview

Water-borne inks and paints are used in a wide range of applications, including construction, automotive, packaging, textiles, and industrial coatings. These products have gained popularity for several reasons:

  • Environmental Concerns: Water-borne inks and paints have lower VOC emissions, making them a more sustainable choice. This has led to increased demand due to stringent environmental regulations and a growing awareness of eco-friendly products.
  • Health and Safety: With reduced exposure to harmful chemicals, water-borne products are safer for both workers and end-users, which is a significant driver for adoption.
  • Advancements in Technology: Continuous innovations in formulation and production processes have improved the performance and versatility of water-borne inks and paints.
  1. Market Drivers

Several factors are driving the growth of the water-borne inks and paints market:

  • Regulatory Compliance: Stringent government regulations on VOC emissions and hazardous materials have created a compelling need for environmentally friendly alternatives.
  • Sustainability Initiatives: Growing awareness of environmental issues and the importance of sustainability has led to increased demand for products that have a lower environmental footprint.
  • Consumer Preferences: Customers are more inclined to choose products that are labeled as eco-friendly and safe, influencing manufacturers to switch to water-borne formulations.
  • Advancements in Formulation: Ongoing research and development efforts are improving the performance characteristics of water-borne inks and paints, making them more competitive with solvent-based counterparts.

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Regional analysis includes

  • North America
  • Europe
  • APAC
  • Latin America
  • Rest of Asia

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
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Media Editing App Market: Anticipated Growth of US$ 9,747.3 Million with a Robust 9.1% CAGR by 2032

The media editing app market was worth US$ 3,782.5 million in 2021. The market is predicted to grow from US$ 4,085.1 Million in 2022 to US$ 9,747.3 Million by 2032, indicating a CAGR of 9.1% during the forecast period, as a result of the significant rise in popularity of editing software in recent years.

Because it has become necessary for individuals who seek to convert unprocessed media into shareable, polished, professional photographs and films, the use of media editing apps has recently increased dramatically. A wide range of software and apps are available to meet this requirement.

The media editing app market is a highly competitive and rapidly growing industry. With the increasing popularity of social media and the growing demand for high-quality visual content, there is a large and diverse market for media editing apps. These apps enable users to edit photos and videos with various features such as filters, effects, cropping, resizing, and more.

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Some of the most popular media editing apps include Adobe Photoshop, Lightroom, and Premiere, which offer professional-level editing tools for both photos and videos. Other popular apps include VSCO, Snapseed, and Canva, which offer more user-friendly editing options and are aimed at a wider audience.

There is also a growing trend of AI-powered media editing apps that use machine learning algorithms to automate certain aspects of the editing process. These apps can analyze images and videos, identify specific objects or people, and make automatic adjustments to improve the overall quality of the content.

Some of the other key companies proliferating in the market are

  • Adobe
  • Apple
  • Autodesk, Inc.
  • Avid
  • Avid Technology, Inc.
  • Black Magic Design
  • Corel Corporation
  • FXHome
  • HairerSoft, iZotope, Inc.
  • Microsoft Corp
  • Movavi
  • NCH Software

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Recent Developments:

  • In June 2022, Adobe made substantial updates to the Creative Cloud software Photoshop, Lightroom, and Lightroom Classic, giving users additional features, benefits, and value. It will enhance Photoshop on the web’s editing and usability, employ AI and machine learning from Adobe Sensei to make complex tasks easier for creatives, and improve cross-device collaborative workflows for Photoshop and Lightroom users (desktop, internet, and mobile).
  • In April 2022, a new version of iMovie was published by Apple with features that make it easier to create high-quality edited videos for the iPhone and iPad, as well as pre-made templates for popular sorts of videos shared on social media. Videos may be modified, and examples include DIY instructions, food demonstrations, product reviews, and science projects. Storyboards help prospective writers, filmmakers, and musicians hone their editing and narrative abilities

Key Segments in the Media Editing App Market

By Media Type:

  • Photo
  • Audio
  • Video
  • Others

By End-user:

  • Professional Editors
  • Individuals

By Region:

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

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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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T: +1-845-579-5705
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BRIC Performance Coatings Market Set to Surge at 5.3% CAGR, Expected to Reach US$ 160.7 Billion by 2032

The BRIC performance coatings market demonstrated its robust potential in 2022 by generating an impressive revenue of US$ 95.9 billion. With a projected compound annual growth rate (CAGR) of 5.3%, this dynamic market is poised for substantial expansion, and it is anticipated to reach a remarkable US$ 160.7 Billion by the year 2032.

The BRIC performance coatings market comprises a diverse range of coatings, including automotive coatings, industrial coatings, architectural coatings, and marine coatings. These coatings are formulated to provide protection against corrosion, weathering, abrasion, and other environmental factors while enhancing the aesthetics of the coated surfaces.

Performance coatings have become essential in various industries, offering protective, decorative, and functional attributes to a wide range of substrates, including metals, plastics, wood, and concrete. In the BRIC nations – Brazil, Russia, India, and China – the performance coatings market is experiencing significant growth, driven by expanding industrial sectors, urbanization, and increasing disposable income.

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  1. Market Overview

The BRIC performance coatings market comprises a diverse range of coatings, including automotive coatings, industrial coatings, architectural coatings, and marine coatings. These coatings are formulated to provide protection against corrosion, weathering, abrasion, and other environmental factors while enhancing the aesthetics of the coated surfaces.

  1. Growth Drivers

Expanding Industrial Sector: The rapid growth of manufacturing and industrial sectors in BRIC countries has increased the demand for performance coatings. These coatings are essential for protecting equipment, machinery, and structures, as well as enhancing their durability.

Construction and Infrastructure Development: Increasing urbanization and infrastructure development in BRIC nations have driven the demand for architectural coatings. The construction of residential and commercial buildings, as well as infrastructure projects, requires coatings that provide both protection and aesthetics.

Automotive Industry Growth: The automotive sector in BRIC nations is booming, leading to a surge in the demand for automotive coatings. As consumers seek durable and attractive finishes for their vehicles, performance coatings play a crucial role in meeting these requirements.

Technological Advancements: Ongoing research and development efforts are resulting in innovative coatings that offer improved performance, durability, and sustainability. These innovations are positively influencing the growth of the performance coatings market.

  1. Market Trends

Green and Sustainable Coatings: There is a growing emphasis on environmentally friendly coatings in the BRIC market. Low-VOC (volatile organic compound) coatings and coatings that reduce energy consumption during production and application are gaining popularity.

Nanotechnology: The integration of nanotechnology into coatings is enhancing their performance characteristics. Nanocoatings offer superior resistance to UV radiation, corrosion, and abrasion, making them attractive for various industries.

Digitalization and Automation: Digital technologies are being integrated into coating processes, leading to improved quality control, consistency, and efficiency. Automation is streamlining the production and application of coatings.

Customization and Personalization: Consumers and industries in BRIC countries are increasingly seeking customized and personalized coatings to meet specific requirements. Coating manufacturers are adapting to this trend by offering a wide range of color and finish options.

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Regional analysis includes

  • Brazil
  • Russia
  • India
  • China

About Future Market Insights (FMI)

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

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Future Market Insights Inc.
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T: +1-845-579-5705
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Web 3.0 Blockchain Market Soars, Anticipating a CAGR of 44.9% and US$ 116.51 Billion by 2033

The global web 3.0 blockchain market is projected to have a moderate-paced CAGR of 44.9% during the forecast period. The current valuation of the web 3.0 blockchain market is US$ 2.86 Billion in 2023. The demand for web 3.0 blockchain is anticipated to reach a high of US$ 116.51 Billion by the year 2033.

The expansion of the web 3.0 blockchain market will be spurred by the widespread adoption of this technology for use in business settings, particularly in the realms of smart contracts, digital identity, documentation, and exchanges. When it comes to your online persona in the Web 3.0 era, you should use Self-Sovereign Identity (SSI).

In SSI, the user is at the heart of the identity system, as all data is under their direct control. Using SSI, users’ private data is not required to be stored in a centralised location, and users have more say over the information they choose to make public. The growth is anticipated to be aided further by the advantages of SSI in Web 3.0.

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Web 3.0 cryptocurrency adoption for transaction automation on the internet is also expected to contribute to the industry’s expansion. Web 3.0 cryptocurrency trading, however, boasts superior advantages like decentralisation and expansion prospects. The fact that you don’t need permission from higher-ups is a bonus as well.

In addition, countries are working to legalise cryptocurrency to entice new players and foster innovation. For instance, Dubai passed a law in March 2022 called the Dubai Virtual Assets Regulatory Authority law to control the use of blockchain technology and its associated assets.

Web 3.0 blockchain market growth is anticipated to be aided by the brisk pace of online and brick-and-mortar retail sales. Web 3.0 crypto currencies are becoming increasingly popular as a means of automating online transactions, which is expected to fuel the demand for web 3.0 blockchain.

Growth in the adoption of web 3.0 blockchain will also be aided by the widespread adoption of digitalization into daily life and the widespread implementation of blockchain technology. Opportunities for web 3.0 blockchain markets to make money are expected to increase as demand rises for 4G and 5G networks.

Key Takeaways from the Web 3.0 Blockchain Market Report:

  • In 2021, the general public was the market’s primary customer base. The need for public blockchain technology has expanded as a result of its widespread availability; anyone with an internet connection may use it without paying any fees or requiring special permissions, which has contributed to the sector’s expansion.
  • In 2021, cryptocurrency was a huge part of the economy. It’s becoming increasingly important for businesses to have access to reliable bitcoin transaction services. Growth of demand for web 3.0 blockchain is foreseen thanks to the usage of blockchain and smart contracts by Web 3.0 cryptocurrencies, which streamline transactions and do away with the requirement for a trusted third party.
  • Over the course of the projected time frame, retail and online shopping are expected to increase at a significantly faster rate than other categories. Web 3.0 blockchain is predicted to rise in the retail and e-commerce sector as a result of rising consumer demand for its many advantageous features, including as lower prices, faster transactions, higher levels of security, and greater transparency.
  • The Asia-Pacific region is expected to expand at a rapid rate during the forecast period. Asia and the Pacific is a growing adoption of web 3.0 blockchain because of developments in 5G technology, AI, and machine learning. Investments in Web 3.0 R&D are expected to rise, further contributing to expansion.

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Competitive Landscape:

The companies that make up the demand for web 3.0 blockchain business have relied heavily on partnerships and collaborations to introduce new products and provide blockchain solutions to different sectors. The opportunity to streamline organizations’ payment processes is what has fuelled interest in web 3.0 blockchain technology. Companies also worked together to pool their knowledge and resources in order to provide clients with comprehensive services. In order to reach a wider customer base, many companies have opened locations in different parts of the world.

In order to compete, businesses in the blockchain industry are attempting to incorporate cutting-edge technologies like blockchain and artificial intelligence into their products and services. Companies can increase their value to customers and their ability to compete by investing in cutting-edge technology. By incorporating blockchain technology, supply chains can become more efficient, trustworthy, and adaptable.

Key Segments in the Web 3.0 Blockchain Market

By Type:

  • Public
  • Private
  • Consortium
  • Hybrid

By Application:

  • Conversational AI
  • Data & Transaction Storage
  • Cryptocurrency
  • Payments
  • Smart Contracts
  • Others

By End-use:

  • BFSI
  • Retail & E-commerce
  • Media & Entertainment
  • Pharmaceuticals
  • IT & Telecom
  • Others

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

About Future Market Insights (FMI):

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

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Menopause Treatment Market Sets Sights on US$ 22.9 Billion by 2032 | Future Market Insights,Inc.

The global menopause treatment market is expected to be valued at approximately US$ 13.3 billion in 2022, according to Future Market Insights’ most recent industry analysis. The market is expected to grow at a compound annual growth rate (CAGR) of nearly 5.5% over the course of the forecast period, reaching an estimated valuation of US$ 22.9 billion in 2032.

Hormone therapy comes with side effects due to the medication prescribed such as Tibolone, progestin, and estrogen, which is part of the therapy. Women experience vaginal bleeding, weight gain, breast tenderness, endometrial hyperplasia, and others, which are creating market scope for manufacturers to improve drug formulations that can address all these problems at once.

Bone fracture is also prevalent and relative cases of osteoporosis are also observed in women in their menopause. Menopause is also considered the common reason for osteoporosis as it has a direct relationship with the lack of estrogen. Women are at a high risk of fractures

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Rising investment in research and development and healthcare settings to develop novel therapy and medications putting emphasis on low-cost product development and lesser side effects are expected to propel the menopause treatment market growth during the forecast period.

Moreover, many startups are focusing on fundraising to support different programs. More tech-enabled startups trying to convince investors to fund women’s digital health.

Key Takeaways:

  • Hormone therapy is the leading segment by product, and holds approximately 7% market value share in 2021, due to higher adoption and easier adoption of availability of medications that are used in hormone therapy.
  • By route of administration, numerous studies demonstrate that women are substantially better protected against cardiovascular issues, with both heart attacks and strokes occurring at significantly lower rates when oral medications are prescribed. Hence, oral route of administration holds a market share of 0% in 2021.
  • By distribution channel, retail sales are leading in the global menopause treatment market, and are expected to continue to do so with a projected CAGR of 6% during the forecasted years. Retail sales include retail pharmacies, drug stores, supermarkets, and hypermarkets, which are easily accessible and offer services like home delivery, making it the most lucrative among others.
  • South Asia held the largest market share in the global menopause treatment market and estimated to grow at a CAGR of close to 6% due to the presence of a prestigious society and institutes that are educating and creating awareness among the population.

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“Government campaigns creating awareness on women’s health and menopause is set to propel the sales of menopause treatment products across the globe,” says an analyst of Future Market Insights.

Market Competition

The market for menopause treatment is fragmented with well-established players, local and new entrants within the market sphere. Key players have initiated product launches with additional patient requirements addressing major issues related to side effects, attained regulatory approvals, and increased their manufacturing facilities.

  • Theramex and Endoceutics expanded their initial contract in February 2022 to include the sale of Intrarosa® (prasterone) in Australia.
  • In 2018, Glenmark Pharmaceuticals received the final approval from the US health regulator for a generic version of Nordisk Inc.’s VAGIFEM, for menopause symptoms.

What Does the Report Cover?

Future Market Insights offers a unique perspective and actionable insights on the menopause treatment market in its latest study, presenting a historical demand assessment of 2017 – 2021 and projections for 2022 – 2032. The global menopause treatment market is segmented in detail to cover every aspect of the market and presents a complete market intelligence approach to the reader.

The research study is based on product– (hormone therapy [combination, Tibolone, progestin-only medicines, and estrogen-only medicines] and non-hormonal therapy [gabapentinoids, serotonin-norepinephrine reuptake inhibitors (SNRI), selective serotonin reuptake inhibitors (SSRI), others]), route of administration (topical, injectable, and oral), and distribution channel (institutional sales [hospitals and specialty clinics], retail sales [retail pharmacies, drug stores, supermarkets/ hypermarkets, and online sales), across seven key regions of the world.

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Key Segments :

By Product:

  • Hormone Therapy
    • Combination
    • Tibolone
    • Progestin-Only Medicines
    • Estrogen-Only Medicines
  • Non-Hormonal Therapy
    • Gabapentinoids
    • Serotonin-Norepinephrine Reuptake Inhibitors (SNRI)
    • Selective Serotonin Reuptake Inhibitors (SSRI)
    • Others

By Route of Administration:

  • Topical
  • Injectable
  • Oral

By Distribution Channel:

  • Institutional Sales
    • Hospitals
    • Specialty Clinics
  • Retail Sales
    • Retail Pharmacies
    • Drug Stores
    • Supermarkets/ Hypermarkets
  • Online Sales

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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