Market Research Blog

The electrical steel market is expected to grow at an opulent rate of 6.5% CAGR during the forecast period ranging from 2022 to 2032. The global electrical steel market is anticipated to reach a total worth of around US$ 37.5 Billion in 2022 with an estimated valuation to surpass around US$ 70.5 Billion by 2032. While non-grain-oriented electrical steel is likely to occupy a dominant market share. The grain-oriented electrical steel demand is predicted to surge at a robust pace with year-on-year growth at 5.7% CAGR in 2022.

The global growth of the electrical steel market is attributed to the surge in power generating and transmission projects. The demand for electrical steel has witnessed a robust surge and a variety of applications within the end-use industries. According to historic estimations, in 2021, total revenue in the electrical steel market’s energy sector witnessed exponential growth. According to the estimations by FMI, demand increased by 6% between 2021 and 2022, allowing electrical steel markets to rise by more than 5% year on year in 2022.

Initiatives to improve power distribution centers in emerging countries are prominent reasons to fuel the demand for electrical steel. Leading steel manufacturers are working on increasing their production and distribution capacity in a variety of regions. Several corporations are rapidly engaging with regional producers to strengthen their industrial research operations. The automotive industry is one of the vital end-use sectors responsible for the surge in demand for electrical steel.

Download Sample Copy of Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-883

Key Takeaways

• One of the crucial reasons driving market expansion is attributed to the surging demand for electric motors across several residential, commercial, and industrial sectors. Electrical steel is most commonly utilized throughout the production of motors which come with higher magnetic flux and torque, as well as power generators with improved electromagnetic characteristics and low carbon dioxide emissions.
• In addition to that, the rise in hybrid and electric vehicles is propelling market expansion. Electric steel is a prominent element utilized in-vehicle components to reduce weight while simultaneously improving aesthetics and safety. Attributing to this, demand for the electrical steel market has seen a reasonable surge for long-distance power transmission and infrastructure construction operations with low energy losses is also contributing to market expansion.
• Several other growth-inducing elements incorporate product developments such as the invention of non-grain-oriented electrical steel with homogenous magnetic characteristics. It identified widespread applications in rotating machinery, electric motors, commercial power generators, and consumer electronics. Numerous other factors are anticipated to expand the market including a reasonable increase in the energy and power industries combined with the implementation of favorable government policies supporting sustainable development.
• Moreover, the global electric vehicle market is on the rise which is anticipated to stimulate demand for EV materials. China is expected to bolster the growth of the electrical steel market as it is emerging as a highly profitable market for electrical steel manufacturing and export. This is due to increased demand from the country’s industrial and automotive sectors, as well as the adoption of new technologies and increased production capacity.

Competitive Landscape

Dominant market players in the electrical steel market are pursuing strategic alliances and partnerships with multiple other manufacturers in order to enhance their product manufacturing capacity in order to meet the increasing demand of a rising customer pool.

Novolipetsk Steel, Voestalpine Stahl GmbH, POSCO, Nippon Steel & Sumitomo Metal Corporation, ThyssenKrupp AG, JFE Steel Corporation, Cogent Power, ArcelorMittal SA, Aperam SA, Baosteel Group, AK Steel Holding Corp, Allegheny Technologies, Inc., Phoenix Mecano AG, Leicong Industrial Co., Ltd., Nicore Electrical Manufactory Co., LTD., Steel Authority of India Limited

More Insights into the Electrical Steel Market

In 2021, North America dominated the electrical steel market as it accounts for around 8.0% of the worldwide market. The region is expected to surge due to the growing emphasis on power generation and EV production has elevated the urgency for electric motors and charging stations, which is boosting the market for electrical steel.

As per Future Market Insights estimations, the East Asian market will continue to prevail in its dominance over the global electrical steel market over the projection period. According to the analysis, China would account for more than 52% of the East Asian market by 2032.

Ask for Customization: https://www.futuremarketinsights.com/customization-available/rep-gb-883

Key Segments Covered in the Electrical Steel Update Industry Analysis

Electrical Steel Market by Product Type:

• Grain-Oriented Electrical Steel
• Non-Grain Oriented Electrical Steel
  • Fully-Processed
  • Semi-Processed

Electrical Steel Market by Application:

• Inductors
• Motors
  • 1 HP – 100 HP
  • 101 HP – 200 HP
  • 201 HP – 500 HP
  • 501 HP – 1000 HP
  • Above 1000 HP
• Transformers
  • Transmission
  • Portable
  • Distribution

Electrical Steel Market by End Use:

• Automobile
• Manufacturing
• Energy
• Household Appliance
• Others (Construction, Fabrication)

About Future Market Insights (FMI)

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

Contact:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
LinkedIn| Twitter| Blogs
For Sales Enquiries: sales@futuremarketinsights.com

The global ceramic tiles market stood at US$ 84.8 Bn in the year 2021 and is expected to witness a CAGR of 7.2% between 2022 and 2032.

The ceramic tiles market is basically driven by properties like being water-resistant, highly durable, aesthetic appeal, and having cracking resistance. Ceramic tiles are preferred at the time of restructuring as well as renovation of shops, houses, malls, and various other facilities.

The latest trend on this count is that of digitally printed ceramic tiles. They are preferred due to intricate designs. As such, apart from aesthetic appeal, uniformity could be maintained in designs. These days, innovation has entered the interior décor part. Plus, they make way for scratch resistance, slip-resistance, and help in keeping bacteria at bay. European and North American countries are shelling out extra on improvement in appearance of floors and walls in office spaces and houses.

Ceramic tiles are also used to refurbish public recreational spaces, hospitals, schools, and public transport. Airports and railway stations are also being looked upon to have scope for improvement. These factors are expected to take the ceramic tiles market by storm in the forecast period.

Request Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-1669

At the same time, there are factors restraining the ceramic tiles market; like release of polluting elements like suspended dust particles, unburnt particles from fuels, smoke, paint and glaze spray particles, and aerosol particles into the atmosphere. Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Ceramic Tiles Market’.

Key Takeaways from Ceramic Tiles Market

• North America holds the largest market share due to various tiles manufacturers from Italy setting up their bases in the US. Plus, there is an utmost need to upgrade existing infrastructure.
• LATAM is expected to grow with development in infrastructure activities all across. Brazil and Argentina lead from the front.
• Europe is expected to witness moderate growth in the ceramic tiles market in the forecast period. This could be reasoned with customers increasingly engaging in renovation and replacement activities.
• The Asia-Pacific is expected to grow at the fastest rate in the ceramic tiles market. This could be credited to booming building and construction sector. The other advantages include availability of cheap labor and raw materials in an aplomb.

Competitive Analysis

• Azizi Developments, in the year 2020, inked an agreement with RAK Ceramics for supplying wall and floor tiles, along with bathroom and kitchen fittings to cater to MBR waterfront project in Dubai (UAE).
• RAK Ceramics, in June 2021, entered into collaboration with Patrik Norguet (France) for a novel product range termed as ‘Valet’. It emphasizes on basic but stylish wall and floor tiles fittings.
• Atlas Concorde, in February 2021, launched ‘prism collection’, i.e. its novel product line that comprises unique, hand-crafted, and colourful wall tiles for outdoor and indoor applications.
• Crossville Company, in February 2020, tabled Cursive porcelain wall tile collection, which is noteworthy due to proper shape selection and vivacious color palette.
• RAK Ceramics, in January 2021, did initiate the very first flagship showroom in Jeddah. This showroom has an exclusive space for showcasing the latest design of Maximus Mega Slab collection.
• Kajaria Ceramics, in December 2019, tabled ‘Trends 2020’. The major objective is that of addressing India’s southern region.
• SCG Cement-Building Materials Company, in August 2020, inked a share purchase agreement for acquiring every share of Oitolabs Technologies Pvt. Ltd. (India) for supporting its digital technology and software development with the objective of delivering values to the customers.
• M S International Inc., (MSI), in April 2021, announced expanding the growing assortment of more than 100 Q Premium Natural Quartz products. This launch was inclusive of 5 of the trendy marble-look quartz colors, which represent darker and lighter tones for suiting any style.

“With non-resilient flooring on the rise, the ceramic tiles market to grow on a remarkable note in the near future”, says an analyst from Future Market Insights.

Key Companies Profiled

• RAK Ceramics
• Crossville Inc.
• Atlas Concorde
• Saloni Ceramica
• Porcelanosa Grupo
• Gruppo Ceramiche Ricchetti
• Florida Tile
• Mohawk Industries
• Kajaria Ceramics
• China Ceramics Co., Ltd

Contact Sales for Further Assistance in Purchasing this Report @ https://www.futuremarketinsights.com/checkout/1669

What does the Report track?

• The research study is based on product (floor tiles, wall tiles, and others) and by application (residential replacement, commercial, new residential, and likewise (countertops, facades).
• The ceramic tiles market is expected to be driven by massive expansion in construction, commercial, and residential sectors.

About Future Market Insights (FMI)

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

Contact:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
LinkedIn| Twitter| Blogs
For Sales Enquiries: sales@futuremarketinsights.com

The magnesium oxide industry is gaining momentum again as the key application sectors are getting back to the track after getting over the shockwaves due to the COVID-19 pandemic earlier in 2020. While the rise in demand for dead burned magnesia and caustic calcined magnesia fuelled the sales over the past decade, requirement in industrial, refractories, and other sectors is further spearheading the growth of magnesium oxide industry.

The latest revised edition of the report on ‘magnesium oxide’ market study by Future Market Insights (FMI) offers an in-depth analysis of the global industry trends, growth & restraining factors, and demand-supply trajectories during the forecast period of 2021 to 2031. As per the report, the industrial sector will majorly account for the industry growth while North America, Europe, Latin America, and Asia Pacific will remain the leading region.

Download Sample Copy of Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-1622

Key Takeaways from Market Study

• The global magnesium oxide industry is expected to ascend at over 5% CAGR through 2031
• High demand for dead burned magnesia (DBM) to augment the industry growth
• Rise in application in industrial sector to propel the demand growth
• The United States to remain in the leading position in North America magnesium oxide industry
• Germany to maintain its lead in Europe magnesium oxide industry
• Asia Pacific to register the fastest growth throughout the forecast period
• China, Japan, the United Kingdom, India, Canada, and a few other countries to have positive industry outlook

“The growing demand in refractory application, especially in iron and steel industry is set to bolster the growth of magnesium oxide suppliers. Additionally, DBM grade magnesium oxide is expected to contribute over 50% of the revenue generated in the refractory industries,” says an FMI analyst.

How is the Demand from Industrial Sectors Boosting the Sales of Magnesium Oxide?

Magnesium oxide has extensive application across diverse industrial sectors such as-

• Soil remediation
• Wastewater treatment
• Emissions treatment
• Drinking water treatment
• To molten iron and steel to remove sulfur

And others. As a result the demand from these sectors are aiding in the growth of magnesium oxide providers.

According to a report titled “Performance of the Agriculture Sector- Statistics Explained” published by the European Commission (EC), the European Union (EU)- 27’s agricultural industry created gross value added of EUR 176.4 Billion in 2019, while agriculture contributed 1.3% to the EU-27’s Gross Domestic Product (GDP) in 2019. This gives a glimpse of the high demand for magnesium oxide across various industrial sectors.

Who is Winning in This Space?

The players in the global magnesium oxide industry are experiencing strict competition. In order to maintain their leading positions through the cut-throat competition, they are launching cost-effective and broader range of products.

For instance,

• Premier Magnesia LLC launched its new range of products such as EnviroBlend®, MAGOX®, Thioguard®, AQUAMAG®, and others during the last few years
• Ube Industries Ltd. launched its new range of Magnesia Clinker, Magnesium Hydroxide Dry, and others a couple of years back

Ask your queries @ https://www.futuremarketinsights.com/ask-question/rep-gb-1622

More Valuable Insights

In its latest report, FMI offers an unbiased analysis of the magnesium oxide market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of product type (dead burned magnesia, caustic calcined magnesia, and fused magnesia), and application (industrial, refractories, agricultural, and others), across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).

About Future Market Insights (FMI)

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

Contact:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
LinkedIn| Twitter| Blogs
For Sales Enquiries: sales@futuremarketinsights.com

A new market research report by Future Market Insights on the textile flooring market includes a global industry analysis for 2018–2021 and an opportunity assessment for 2022–2029.

A comprehensive study by Future Market Insights states that the sales in the global textile flooring market are anticipated to top US$ 301.52 Bn by 2029, expanding at a CAGR of 6.8% during the forecast period 2022-2029.

As per the conclusion of the report, the global textile flooring market is projected to experience significant growth during the forecast period. Rising consumer confidence, increasing disposable incomes, and intensifying demand for luxury flooring options due to booming residential and commercial sectors are the factors expected to contribute to the textile flooring market growth in the upcoming years.

Get 20% Discount! Request a Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-1629

The global textile flooring market is estimated to be valued at US$ 190.26 Bn in 2022 and is projected to register robust growth of 6.8% during the period 2022 – 2029. This growth is predominantly driven by the textile industry growth.

Over the past few years, consumption of textiles and furnishings for homes has witnessed consistent growth, driven by factors such as rising consumer spending on home renovation, accelerating investments in infrastructural development, and rising demand from Asian countries such as India, China, South Korea, and Indonesia.

Rising Attractiveness of the Asia Pacific Market

The textile industry in the Asia Pacific region has registered substantial growth in the last few years, owing to rising demand from various end-use industries. Strict quality control, advanced production technologies, and customer & fashion-oriented marketing tactics are several dynamic factors attributing to the current boom in the textile flooring market. Along with this, the competitive price-performance ratio compared to other materials is also boosting the market growth.

Robust growth in the healthcare sector has led to demand for flooring systems for specific application types. Moreover, the increasing popularity of ‘artificial grass’ in outdoor lawns and sports fields is expected to further drive sales of textile flooring in the Asia Pacific region during the forecast period

Synthetic Textiles to Experience High Demand in the Market

A healthy growth trajectory is projected for the textile flooring market. In addition, the rising use of synthetic textiles in the residential sector is likely to result in increased market share over the forecast period.

Synthetic textiles are widely utilized for the production of textile flooring. Synthetic textiles are projected to register significant growth in the global textile flooring market during the forecast period. Synthetic textile-based flooring is one of the key components of interior refurbishment systems used in residential and commercial spaces.

Consumers mainly attribute the growth of textile flooring based on tufting technology to the fact that it is the most commonly accepted technology by manufacturers in terms of manufacturing cost, as well as easy installation and ease of use.

To buy this Report Visit @ https://www.futuremarketinsights.com/checkout/1629

Textile Flooring Market: Vendor Insights

The report highlights some of the key market leaders, who are well-established market players and have proven themselves as prominent shareholders in the global textile flooring market. Some examples of key players operating in the global textile flooring market are Mohawk Industries, Inc., Interface, Inc., Beaulieu International Group N.V, Tarkett SA, Balts Group, Shaw Industries Group Inc., Forbo Holding AG, Mannington Mills, Inc., J+J Flooring Group, and Vorwerk and Co. KG, among others.

In terms of market structure and tier analysis, the global market for textile floorings is fragmented with the top 10 players holding a 35%-40% share in the overall market. This is mainly due to the reason that there are a large number of Chinese and other players involved in the manufacturing of textile floorings. Major players in the market are focusing on expansion plans to enhance production capacities and upgrade operations.

By Material Type :

• Synthetic Textiles
• Animal Textiles
• Plant Textiles

By Product Type :

• Rugs
• Carpets

By Technology :

• Tufting
• Woven
• Needlefelt

By Application :

• Residential
• Commercial
• Others (Industrial, etc.)

By Region :

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

About Future Market Insights (FMI)

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

Contact:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
LinkedIn| Twitter| Blogs
For Sales Enquiries: sales@futuremarketinsights.com

Future Market Insights (FMI) has anticipated the demand of magnesium hydroxide to witness a year over year growth of 5.6% in 2022 reaching a value of about US$ 992.5 Mn by the end of 2022. The global business is projected to witness a growth rate of 5.8% over the forecast period of 2022 and 2030.

Consistently increasing demand for magnesium hydroxide for wastewater treatment is expected to shape the growth of the global magnesium hydroxide market during the forecast period (2022-2030). Although the COVID-19 pandemic is likely to hinder market growth during the first half of the forecast period, the global magnesium hydroxide market is projected to attain a market value of US$ 1,560.2 Mn by the end of 2030. As per the latest study published by Future Market Insights (FMI), the COVID-19 pandemic is likely to have a short-term impact on the growth prospects of the global magnesium hydroxide market.

At present, applications of magnesium hydroxide extend beyond wastewater treatment, as it is being increasingly being used for an array of applications including gold mining, warehouses, antacid, thermal conduction, and the wet pallet collodion process among others.

Get a Sample Copy of the Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-1585

Key Takeaways of Magnesium Hydroxide Market

• Magnesium hydroxide emerges as an ideal substitute for lime and caustic soda in wastewater treatment
• Brine/seawater precipitation would remain the most prominent manufacturing process due to its long-term economic benefits
• Soaring demand for technical/industrial grade magnesium hydroxide expected to provide impetus to market growth
• South Asia and East Asia remain in the vanguard in terms of market growth; key market players likely to focus on tapping onto the opportunities in these regions
• Surge in demand for environmental applications will assist market growth. Widening applications in the chemical sector will provide a boost to the market growth

Over the past few decades, magnesium hydroxide has emerged as an ideal inorganic compound for environmental applications including flue gas desulphurization and wastewater treatment. This remains a strong factor contributing towards market growth.

High Demand for Wastewater Treatment Projected to Augment Market Growth

Over the past couple of decades, magnesium hydroxide is increasingly being used for wastewater treatment applications across the developed as well as the developing regions. As governments across the world continue to emphasize on improving wastewater treatment techniques, magnesium hydroxide has emerged as an ideal candidate. At present, due to the advantages presented by magnesium hydroxide slurry, its adoption is projected to outpace that of lime and caustic soda.

In addition, apart from being an ideal alternative for wastewater treatment, magnesium hydroxide is extensively being used for acid neutralization of industrial wastewater. As the industrial applications of magnesium hydroxide expand, the industrial-grade magnesium hydroxide will gain stronger traction to capture a higher revenue share in the global market.

Short-term Ramifications of COVID-19 Pandemic

FMI study states that the COVID-19 pandemic is expected to have a short-term impact on the overall growth prospects of the global magnesium hydroxide market. The market study predicts that the demand will remain sluggish during the coronavirus outbreak as the governments across the world continue to enforce trade restrictions due to which, market players are expected to address the supply chain challenges put forward by the crisis.

Customization Before Buying, Visit: https://www.futuremarketinsights.com/customization-available/rep-gb-1585

Magnesium Hydroxide Market: Taxonomy

The global magnesium hydroxide market is classified in detail to cover every single aspect of the market and deliver complete market intelligence to the reader.

Grade

• Food/Pharma
• Industrial/Technical

Application

• Environmental
• Flue-gas Desulphurisation
• Wastewater Treatment
• Pharmaceuticals
• Chemicals & Others
• Flame Retardants

Region

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

Interested in More Information?

A new market report on mass finishing consumables published by Future Market Insights brings to the fore a pinpoint analysis of the market and offers comprehensive information with historical demand data for 2015 – 2021 and forecast statistics for 2022 – 2030. The study offers insightful information on the global Magnesium Hydroxide Market By Grade (Food & Pharma, Technical/Industrial), Application (Environmental (Flue-Gas Desulphurisation and Wastewater Treatment), Pharmaceuticals, Chemicals & Others and Flame Retardants) & Region – Forecast 2022 – 2030.

About Future Market Insights (FMI)

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

Contact:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
LinkedIn| Twitter| Blogs
For Sales Enquiries: sales@futuremarketinsights.com

According to a latest magnesium metal market report published by Future Market Insights, the long-term outlook of the global magnesium metal market remains optimistic. Global magnesium metal revenues are set to grow at a CAGR of over 7% through 2031.

Analysis of the Magnesium Metal Market

The use of magnesium metal and magnesium metal alloys in aircraft and aerospace applications is expected to witness a steady growth over the forecast period. Over the years, aircraft manufacturers across the globe have focussed on developing lighter and more fuel-efficient aircraft in order to adhere to stringent emission norms and regulations imposed by various regulatory bodies and associations. Magnesium metal is one of the lightest metals on Earth.

Moreover, magnesium metal is relatively more dimensionally stable, resistant to elevated temperatures, and relatively easier to process. Also, the reduction process associated with the manufacture of metals such as titanium, hafnium, uranium, zirconium, and beryllium, among others, is one of the major application areas for magnesium metal. Titanium is obtained from ores such as rutile, Ilmenite, leucoxene, and pervoskite, among others. Major steps involved in the production process of magnesium metal include extraction, purification, and sponge production.

Request Sample Copy of Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-1550

Magnesium Metal Market: Factors Impacting Growth

The global magnesium metal market report has been analysed on the basis of application. By application, magnesium metal is used in die-casting, aluminium alloys, metal reduction, desulphurization, and others.

The global magnesium metal market has been viewed as a high value, moderate growth type market, which is expected to follow suit during the forecast period. During the past decade, the world has witnessed a rising preference for magnesium metal, which is primarily due to its application in aluminium alloy.

The main reason for the growth of the magnesium metal market is its increased adoption rate. Increasing emphasis on automotive light-weighting is also expected to impact the magnesium metal market positively over the forecast period. Growing automotive sales and a corresponding increase in automotive /vehicle parks is expected to result in a significant increase in environmental greenhouse gas emissions.

Magnesium metal is around 65% lighter than steel and 33% lighter than aluminium. Moreover, the use of magnesium metal for automotive components results in parts that are not only lighter in weight but also relatively more dimensionally stable. Besides, several intricate and thin-walled components can be manufactured with relatively more ease vis-à-vis some of the conventional materials.

Magnesium Metal Market: Top Participants

Some of the market participants identified in the magnesium metal market are US Magnesium LLC., Dead Sea Magnesium Ltd, POSCO, RIMA Group, Solikamsk Magnesium Works OAO, Wenxi YinGuang Magnesium Industry (Group) Co., Ltd., Shanxi Wenxi Hongfu Magnesium Co., Ltd., Shanxi Wenxi Zhenxin Magnesium Co., Ltd., and Taiyuan Tongxiang Magnesium Co., Ltd.

The magnesium metal market is a highly competitive market, consisting of tier-1 global scale manufacturers and a greater proportion of small-scale magnesium metal manufacturers catering to domestic demand. However, large industrial operations seek products from reputed magnesium metal manufacturers for demand procurement.

Key strategies employed by tier-1 magnesium metal manufacturers include the provision of effective sales and services, strategic tie-ups with regional distributors/manufacturers to foray expansion in untapped markets, and undergoing restructuring business operations to optimize the use of resources.

Feel free to ask your queries @ https://www.futuremarketinsights.com/ask-question/rep-gb-1550

Magnesium Metal Market: Segmentation

By Application

• Die-casting
• Aluminium Alloys
• Metal Reduction
• Desulphurization
• Others

By Region

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

About Future Market Insights (FMI)

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

Contact:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
LinkedIn| Twitter| Blogs
For Sales Enquiries: sales@futuremarketinsights.com

The consumption of specialty silica within the rubber industry is expected to be considerably high, finds Future Market Insights (FMI) in a new study. Despite sluggish growth registered in 2020 amid COVID-19, rubber will comprise 60% of specialty silica application in terms of volume in 2021. The specialty silica market’s overall valuation in 2021 is expected to reach US$ 6.37 Bn in the same year.

Owing to growth of packaging, print & specialty coatings consumption specialty silica consumption has increased. Besides this, the demand from inks & coatings Industry also will buoy growth in upcoming years.  Other notable end uses of specialty silica include plastics, food & beverages, electrical & electronics components & insulation, personal care product additive, agricultural & feed, consumer products and others.

Get a Sample Copy of Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-577

Key Takeaways of Specialty Silica Market Study

• The global specialty silica market is anticipated to expand at a CAGR of ~4.8% by during the forecast period of 2021-2031
• The U.S. is expected to account for nearly 80% sales in the North America market
• Growth in U.K. is expected to recover 2021 onwards. FMI projects it to exhibit 4.7% Y-o-Y growth in 2021, after going downhill in 2020
• Growth trends are expected to remain favorable in Germany and France too
• Within East Asia China will emerge as a key market, exhibiting high growth. CAGR exhibited by Japan and South Korea as well is expected to remain positive through the forecast period

Demand for specialty silica is expected to grow at moderate rate owing to its increasing consumption in rubber application. Personal care is anticipated to witness highest growth amongst all other applications. East Asia is projected to hold prominent share followed by Europe and North America. China and Japan are the major target locations for supply of Specialty Silica for manufacturers. Specialty Silica market is fairly consolidated with small number of tier-1 players accounting for the major share.

Market Landscape to Remain Fairly Consolidated

Specialty silica market is understood to be fairly consolidated, with leading players included viz. Solvay SA, Huber Engineered Materials, Madhu Silica Pvt. Ltd, Evonik Industries AG and PPG Industries, Inc, Akzo Nobel NV, Cabot Corporation, Wacker Chemie AG, Nalco Holding Company, Qingdao Makall Group Inc and others account for the prominent share in the market. To gain competitive advantage in the market, market participants have been involving in production capacity expansions, merger, and acquisition activities with regards to consolidation of business footprint.

Feel free to ask your queries @ https://www.futuremarketinsights.com/ask-question/rep-gb-577

Specialty Silica Market by Category

By Product Type

• Precipitated
• Fumed
• Fused
• Silica Gel
• Colloidal

By Application

• Rubber
• Plastic
• Ink & Coatings
• Electrical & Electronics
• Agricultural & Feed
• Food & Beverages
• Personal Care
• Others

By Region

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

Want to Know More?

Future Market Insights, an ESOMAR-certified research and consulting firm has published a market research report on the Specialty Silica market that contains global industry analysis of 2016–2020 and opportunity assessment for 2021–2031. The report provides in depth analysis of the Specialty Silica Market through different segments, namely product type, application and region. The Specialty Silica Market report also provides supply and demand trends, along with an overview of the parent market.

About Future Market Insights (FMI)

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

Contact:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
LinkedIn| Twitter| Blogs
For Sales Enquiries: sales@futuremarketinsights.com