Barcode Label Market : Overview, Data Updates, Reports Analysis & Forecast | FMI

Barcode labels are used for quick data storing and retrieving. Barcode labels include a representation of the company and product-related information in line and number format.  They consist of small black parallel lines of varying widths and gaps which allow companies to obtain real-time data.

Some barcode labels are comprised of numbers and pictures which increases their efficiency. Information regarding manufactures name, type of product, product number and price are included in barcode labels.  Barcode labels prove useful when there is a need to increase performance, efficiency, and profitability across the supply chain.

Barcode labels are used in different sectors like FMCG, healthcare, transportation, and banking. Barcode labels are also used in places like post offices, passport offices, airports, bicycle and car rental service providers, and colleges.

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Barcode Label market: Dynamics

Barcode labels help to extract accurate data of the product or services within microseconds; hence the driving force for using barcode labels is to reduce human error. The second major factor for using this technology is data security.  Every organization want to encrypt their data with high level security which will not be easily traceable by the outsiders.

It is very challenging to manage inventory location, and it’s pricing at mass level by the employee which might involve training. Companies can reduce training time and cost by using this system. Barcoding saves company time in terms of data re-entry. This also helps to trace outgoing shipments and equipment, and helps in optimizing the supply chain

Despite the positive outlook, few technologies might hamper the growth of barcode label market. Radio Frequency Identifier (RFID) has an IC chip that stores and retrieves data. These IC chips have more capacity to store data compared to barcode labels. However, barcodes are more economical as compared to RFID technology.

RFID consists of big programs which increase data recovering process time which is very less in barcode labels. Barcode labels work effectively on metals and water and the advance barcode technology also work in dust regions. On the reverse side, RFID does not function in such conditions. The collision of data happens when RFID is used for multiple code scanning at the same moment which is not possible in the case of barcode labels.

Barcode Labels Market: Trend

The barcode labels market is continuously influenced by advancements in high-end technologies. Nowadays, user-friendly barcode label scanners are available in smartphones which increases convenience. The latest barcode in the form of Quick Response codes stores 100 times more information in smaller space and arranging data in 2 directional way. This consist of minimum error margin.

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Barcode Label market: Key Players

Following are the barcode label manufacturers operating in the industry –

  • Aditya Barcode Technologies
  • TSI America
  • Inotec Barcode Security GmbH
  • General data Company, Inc.
  • Brady Corporation
  • Symbology Inc.

Barcode Label market: Segmentation

Depending upon code writing technology, the combination of numbers and alphabets and as per industry standards barcode labels are segmented as:

By technology, Barcode labels market is segmented into,

  • 1 Directional barcode labels
  • 2 Directional barcode labels
  • HD barcode labels
  • Holographic transparent barcode labels

By combination, barcode labels are segmented into

  • Numeric barcode labels
  • Alphanumeric barcode labels

By industry standards, barcode labels are segmented into

  • Code 39
  • Code 128
  • Interleaved 2 of 5
  • Universal Product Codes (UPC)
  • International Article Number (IAN)
  • PDF 417
  • Data Matrix
  • Quick Response Codes (QR code)
  • GS1 DataBar
  • Aztec Code
  • POSTNET
  • Code 11
  • ITF 14

By printing methods used for barcode labels, it is segmented into:

  • Direct thermal barcode labels
  • Thermal transfer barcode labels

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Biodegradable Water Bottles Market is estimated to grow 1.4x its current market value by the end of the forecast period

According to the estimates, more than 8 million tonnes of plastic litter is dumped into the ocean every year, damaging aquatic life. One of the worst culprits of single-use plastic is plastic water bottles that are discarded as soon as the drink is finished. These plastic water bottles take between 400 to 1000 years to degrade.

Introduction of biodegradable water bottles is a significant step towards curbing the pollution caused by plastic. Biodegradable water bottles are made from organic materials such as algae, bamboo, husks, bulrush, recycled paper, sugarcane pulp and biodegradable plastic bottles are made from PLA (polylactic acid), PHA (polyhydroxyalkanoates), and biodegradable PET. Biodegradable water bottles are an ideal choice as they decompose within 80 days. Biodegradable water bottles do not leave behind any micro-particles or leach heavy metals in the environment.

These bottles are made from sustainable materials and do not use fossil fuel for its production. Biodegradable water bottles are considered a significant breakthrough in combating the trash problem that is plaguing the oceans. Biodegradable water bottles market is expected to increase as many companies will adopt an environmentally friendly packaging solution for storage and transport of water.

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Biodegradable water bottles market: Dynamics

Half of all the plastic water bottles are used only once, and these bottles require three times the amount of water to produce a plastic bottle than it does to fill one. Biodegradable water bottles are an alternative measure against the traditional plastic bottles that are causing considerable damage to the environment. Biodegradable water bottles can degrade anywhere, be it on land or ocean.

The growing environment protection awareness among people will help the biodegradable water bottles market to flourish. The global biodegradable market accounts for a share of less than 1% of the plastics market, but with an increase in R&D adopted by market players, the market is expected to grow steadily. Eco-friendly and cost-effective nature of the biodegradable water bottles drives the biodegradable water bottles market positively.

The urgent need to replace the amount of unreal plastic that is produced, used and thrown away will help in the significant growth of biodegradable water bottles market shortly. Biodegradable water bottles made from algae are purely vegan and edible. These bottles made from organic sources can withstand high levels of water exposure and are shatterproof. Soon other food grade companies are expected to adopt biodegradable bottle packaging solutions for items like juice, milk and other household products.

There is growth in the demand for bottled water because of the hygienic and safe drinking solutions which will lead to a significant increase in the biodegradable water bottles market during the forecast period. However, beautiful transparent plastic water bottles are part of marketing and a primary restraint for the growth of biodegradable water bottles. Temperature specific biodegradable plastics degrade only at 50°C which is not possible inside the ocean; this might hamper the growth of biodegradable water bottles market.

Biodegradable water bottles market: Key players

  • Paper water bottle
  • Ch2oose
  • Anhui Idea Technology Ltd.
  • Taizhou merry port Plastic Products Co. Ltd.
  • Lyspackaging
  • Vegan bottle
  • Mitsubishi Plastics
  • Biopac Co.
  • Raepack Ltd

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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, application, and industry.

The report covers exhaust analysis on

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Biodegradable water bottles market: Segmentation

Biodegradable water bottles market is segmented by the material

  • Organic material
  • Paper
  • Sugarcane pulp
  • Bamboo
  • Algae (Agar powder)
  • Biodegradable plastic
  • Plant-based PET (polyethylene terephthalate)
  • PHA (polyhydroxyalkanoates)
  • PLA (poly-lactic acid)
  • Cellulose-based plastics
  • Poly-butylene succinate

Biodegradable water bottles market is segmented by capacity

  • 15 ml – 100 ml (small)
  • 100ml – 500ml (medium)
  • 500ml -1000 ml (large)
  • Others

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Flip Top Caps and Closures Market will reach a value of US$ 108 Billion by 2032

Consumer perception of packaging is slowly changing. Attractive packaging is gaining more popularity among consumers, which has resulted in development of more innovative and attractive packaging designs by the manufacturers. Flip top caps and closures are clean and effective in controlling flow of liquid, allow direction pouring of the product for consumer friendly experience and are also ideal for dispensing higher viscosity product such as cream, milk as well as liquid condiments, spices and seasoning.

Flip top caps and closures are attractive in comparison to traditional caps and closures, and this is expected to be one of the important factors that can drive the growth in the global flip top caps and closures market in the future.

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Global Flip Top Caps and Closures Market: Dynamics

Flip top caps and closures market is gaining traction owing to rising manufacturing output globally, increasing consumer spending on quality and innovative products. Additionally, availability of wide range of flip top caps and closures which fit bottles, jars, and tubes etc. is expected to further fuel the growth in the flip top caps and closures market and screw on flip top caps is expected to gain significant market share in coming years. Gaining in flip top caps and closures market will be supported by continuous growth in pharmaceuticals, cosmetics and personal care industry. Flip top caps and closures are easy fluid dispensing which make it convenient for consumer to use product.

Global Flip Top Caps and Closures Market: Segmentation

The global flip top caps and closures market can be segmented on the basis of material used, application, and region. On the basis of material type, the global flip top caps and closures market can be segmented into plastic, metal and others (rubber and elastomers). Plastic, flip top caps and closures segment can be further sub-segmented into Polypropylene, Polyethylene, Polystyrene, and other resins. Metal, flip top caps and closures segment can be further sub-segmented into aluminum and steel.

Plastic flip top caps and closures are most preferable among both manufacturers as well as consumers owing to the durable and flexible properties of plastic material. Among other materials, aluminum material is also preferred by the end user. On the basis of application global flip top caps and closures market can be segmented into beverages, foods, toiletries, cosmetics and personal care products, pharmaceuticals, industrial chemicals, automotive and others. Based on application, cosmetics and personal care products are most lucrative application in the global flip top caps and closures market. On the basis of region, global flip top caps and closures market can be segmented into North America, Latin America, Asia Pacific, Europe, and Middle East and Africa.

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Global Flip Top Caps and Closures Market: Regional Overview

Overall, the most rapid increase in global flip top caps and closures demand is expected to occur in the developing regions. Asia Pacific region is expected to be the fastest growing region as compared to other regions owing to increasing manufacturing sector in this region. The Europe and North America markets are highly mature with high presence of established players. The global flip top caps and closures market is expected to witness healthy growth in near future driven by increasing disposable income together with widening consumer base.

These factors has also led to increased investment by companies engaged in manufacturing and distribution of flip top caps and closures in various regions. MEA and Latin America are expected to witness moderate growth in flip top caps and closures market over the forecast period.

Global Flip Top Caps and Closures Market: Key Players

The main player of flip top caps and closures market are Blackhawk Molding Company Incorporated, Amcor, BERICAP holdings, Global Closure Systems, Crown Holdings, Siligan Holdings, Reynolds Group Holdings, Closure Systems International, Oriental Containers, Guala Closures Group, Berry Plastics, Pelliconi, Premier Vinyl Solution, and others.

The report is a compilation of first-hand information, qualitative, and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic 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 such as application, material, printing technology and geographies.

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Flip Top Caps And Closures Market

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • 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

Thermoformed Trays Market : Global Industry Analysis and Opportunity 2016-2026

Plastics have become a significant part of packaging in today’s world. In the coming years, we will find plastics enveloping a more major portion of the packaging industry. With the advancement in technology, different techniques have been utilized, developed and perfected to bring us plastic based packaging that is relevant for different industries.

One of those techniques is thermoforming which utilizes vacuum and/or pressure to mold plastics into different shapes and sizes. Customization of the mold design has allowed for manufacturers to mold plastics into various forms suiting their purposes. One of those forms are the thermoformed trays.

Thermoformed trays have become an integral part of complex packaging. Stability and protection of products is a major functionality of packaging. Thermoformed trays, specifically insert trays, fulfill this function efficiently. Fragile products like vials, ampoules and electronics can be easily transported and stored using this function of thermoformed trays.

Standard trays with lids and snap devices are widely used in the food industry to package fresh and processed foods. Thermoformed trays help keep the integrity of the product intact. They are widely used in food and beverages, electronics, pharmaceutical, healthcare and cosmetics industry.

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Thermoformed trays Market- Market Dynamics

Thermoformed plastics are widely used in the packaging due to their flexibility and durability. The application of thermoformed trays is immense in the food and beverages sector. They can be used to store both fresh and processed foods.

As a result, the thermoformed trays market is pegged to witness a steady growth throughout our forecasted period of 2016-2026. In automation, thermoformed trays are being used for efficient manufacturing and shipping of electronic components.

The added advantage of protection allows for the protection of components. With the growing demand for consumer electronics, thermoformed trays market is expected to witness a steady CAGR throughout the forecasted period. Insert trays are widely used in the pharmaceutical sector for the packaging of medicines.

Glass vials and ampoules can be safely packaged and transported in insert trays with minimal damage. The towering growth in the global pharmaceutical industry will positively influence the thermoformed trays market through our forecast period of 2016 – 2026.

Thermoformed trays Market- Regional Outlook

In terms of geography, the thermoformed trays market has been divided in to five key regions; North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. With the rising disposable income and consumerism, Asia Pacific and the Middle East region stand ahead in terms of the demand for thermoformed trays.

As a result, thermoformed trays market will witness a significant rise in CAGR through the forecasted period through our forecasted period. Europe and North America will also witness a steady but slower growth through or forecasted period of 2016-2026.

Thermoformed trays Market- Major Players

Some of the key players in the thermoformed trays market are HLP Klearford, Klöckner Pentaplast Group, Transparent Container, Inc., Tray-Pak Corporation, Dordan Manufacturing Company, Lacerta group, Inc., Macpac Ltd., Nelipak Healthcare, Sonoco Products Company, Placon.

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 done using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type, machine size and end use.

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The report covers exhaustive analysis on

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Thermoformed trays Market- Market Segmentation

Based on the Product type, the Thermoformed traysmarket is segmented into:

  • Standard trays
  • Insert trays
  • Dunnage trays
  • Shelf display trays
  • Others

Based on end use, the Thermoformed traysmarket is segmented into:

  • Food & beverages
  • electronics
  • Pharmaceuticals
  • Healthcare
  • Cosmetics
  • Horticulture

Based on the material type, the Thermoformed traysmarket is segmented into:

  • PP
  • PET
  • HDPE
  • HIPS
  • PVC
  • LDPE
  • ABS
  • Others

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Synthetic Leather Market will reach a value of US$ 50 Billion by 2032 | Future Market Insights, Inc.

A recently published study by FMI expects the global synthetic leather market to augment at a 6% CAGR from 2022 to 2032. By the end of the said assessment period, a valuation of US$ 50 Billion is expected for the market. From 2017 to 2021, the industry experienced noteworthy growth, registering a value CAGR of 1% and closing at US$ 26.34 Billion.

Manufacturing, innovation and use of synthetic leather is undergoing several changes. This has led to the rapid adoption of synthetic leather in various end user industries. Although the COVID-19 pandemic affected the sales of synthetic leather, post-pandemic, the sales of the same have increased owing to its various properties. Manufacturers are now making synthetic leather made of environmentally friendly materials.

Furthermore, key players in the synthetic leather market are launching products that make wide use of synthetic leathers, thus, increasing use of the same. The use of synthetic leather in automotive, consumer electronic and fashion industries is propelling the sales of the same. This, in turn, is contributing to the growth of the market.

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Key Takeaways from the Market Study

  • By material type, polyurethane (PU) synthetic leather is expected to possess 40% market share for synthetic leather market in 2022.
  • Italy is expected to hold nearly 30% market share for synthetic leather market in 2022.
  • India is expected to possess 25% market share for synthetic leather market in 2022
  • S. is expected to hold 35% market share for synthetic leather market in 2022
  • Japan is expected to procure 33% market share for synthetic leather market in 2022.

“The synthetic leather industry is undergoing a drastic change. Innovations in manufacturing sustainable leather along with making it durable is increasing the usage of the same.” states an FMI analyst.

Market Competition

FMI has identified Asahi Kasei, Nan Ya Plastics Corporation, Toray Industries, Teijin Limited, Kuraray Co., Ltd., Daewon Chemical Co Ltd., Kolon Industries Inc., Achilles Corp, and Mayur Uniquoters as leading players in synthetic leather market. They collectively account for more than 30% of global market share as of 2022.

  • Bucha Bio launched plant based leather which is completely made in laboratory in July 2021, in an attempt to push the envelope towards introducing a sustainable leather alternative that can be used for shoes, clothing, accessories and more.
  • In June 2021, Gucci launched its brand new range of footwear made from bio-based synthetic leather derived from wood pulp.

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Key Segments Profiled In The Synthetic Leather Market Industry Survey

Synthetic Leather by Material Type:

  • Polyvinyl Chloride
  • Polyurethane
  • Bio Based

Synthetic Leather by Application:

  • Synthetic Leather for Footwear
  • Synthetic Leather for Furnishing
  • Synthetic Leather for Automotive
  • Synthetic Leather for Clothing
  • Synthetic Leather for Bags
  • Synthetic Leather for Sports
  • Synthetic Leather for Electronics

More Insights Available

FMI, in its new offering, presents an unbiased analysis of the global synthetic leather market, presenting historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of Material Type (Polyvinyl Chloride, Polyurethane, Bio Based), by Application (Footwear, Furnishing, Automotive, Clothing, Bags, Sports, Electronics) across five major regions (North America, Latin America, Europe, Asia Pacific and Middle 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.

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Esters Market Size & Share | Industry Trends Analysis Report for 2029

The global esters market is expected to create an absolute dollar opportunity throughout the forecast period 2022-2029. It is anticipated to be worth approximately US$ 89.36 Bn in 2022 showcasing a healthy CAGR of 5.2% totaling US$ 127.41 Bn by 2029. Owing to the increasing demand for esters from diverse end-use industries including chemicals & materials, food & beverage, and automotive are expected to drive the growth of the market.

Ester is considered an essential constituent for making a variety of substances including lubricants, flavoring agents, and surfactants. Their high usage has been witnessed in the automotive, food, and cosmetic sectors. In 2020, the esters market formed around 11.0% of the global specialty chemicals market.

A half-yearly comparison of the growth forecast for the demand of esters has been presented by Future Market Insights along with recent developments being witnessed in the market. One of the key factors propelling the market is the expansion of the automotive and construction industries.

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Key Takeaways

  • Some of the crucial drivers that are estimated to surge the growth of the ester market include the introduction of bio-based esters and the rising adoption of esters in the formulation of lubricants, solvents, surfactants, flavoring agents, personal care products, etc.
  • The global demand for an ester is estimated to skyrocket and witness a growth rate of 5.4% during the first half of 2022, whereas the market was forecast to grow with a 5.2% CAGR as per the earlier projections.
  • Accounting for surging growth in the automotive and construction industry is set to drive the market growth in the global scenario. Due to the introduction of bio-based esters and increasing adoption of esters for formulating lubricants, solvents, surfactants, flavoring agents, personal care products, etc. are some of the major factors driving the market.
  • The chemical industry is excessively using ester as the compound is the preferred base stock in lubricant formulation for the automotive, aviation, and other manufacturing industries because they have a clean operation at high temperatures and low-temperature flow ability.
  • The diverse application of ester compounds in the formulation of fragrances, varnishes, paints, and lubricants is multiplying its demand all over the world. Esters are chemical compounds derived from organic or inorganic acids by substituting a hydroxyl group (-OH) with an alkyl group (-O-).

Competitive Landscape

Mitsubishi Chemical Corporation, Exxon Mobil Corporation, Cargill, Inc., The Procter & Gamble Company, Lanxess AG, Arkema SA, and Evonik Industries AG are some of the key companies profiled in the full version of the report.

Leading players operating in the global esters market are investing in partnerships, advanced product launches, collaborations, acquisitions, and the establishment of new facilities to gain a competitive edge in the global market.

Key players are heavily investing in geographical and capacity expansions in order to gain momentum in the market. In addition to that, market players are inclining towards renewable sources for esters production to set up a circular economy infrastructure to sustain in the competitive environment.

Esters Market by Category

By Product:

  • Dibasic Esters
  • Polyol Esters
  • Methyl Esters
  • Nitrate Esters
  • Vinyl Esters
  • Phosphate Esters
  • Acrylic Esters
  • Sucrose Esters
  • Fatty Acid Esters

By Application:

  • Lubricants
  • Solvents
  • Plasticizers
  • Fuel and Oil Additives
  • Flame Retardants
  • Insecticides
  • Explosives
  • Surfactants
  • Flavoring Agents

By End-Use Industry:

  • Chemicals
  • Food
  • Automotive and Aviation
  • Marine
  • Textiles
  • Cosmetics and Personal Care Products
  • General Manufacturing

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More Insights into Esters Market

The East Asia region is expected to dominate the global ester market which accounts for 26.7% of the total market share in 2022, with China emerging as a lucrative pocket over the forecast period. Over a span of time, China is gradually becoming a global leader in automotive and chemical production owing to its rapid expansion of these end-use industries is anticipated to boost the sales of esters.

Ester comes with a variety of benefits including low cost, high performance, easy availability, and low environmental impact. Backed by such factors, China has led to the establishment of giant manufacturing bases.

As per FMI analysis, the U.K. market is emerging as a leading market for ester from end-use industries such as food & beverages, cosmetic & personal care, and chemicals. The U.K. is accounted to hold a market share of 23.9% in 2022. The strong demands for cosmetic products and personal care items are surging due to changing lifestyle patterns and an increase in disposable income in the U.K.

This is having a positive impact on the sales of esters. The U.S. esters market is poised to exhibit strong growth on account of the expansion of the construction industry and growing demand for ester-based high-performance lubricants. The growing adoption of ester across the textiles, food, and general manufacturing sectors is triggering the growth of the esters market in the country.

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
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India Construction Chemicals Market to grow at a rate of 13.1% by 2033 | Get Customized Reports

The India construction chemicals market is projected to substantial CAGR of a magnitude of 13.1% over the forecast period from 2023 to 2033. The global market is anticipated to be valued at US$ 1,617.8 million in 2023 and reach a market valuation of US$ 5,541.8 million by the end of 2033.

According to the historical analysis, construction chemicals registered a CAGR of 7% from 2018 to 2022. As per the latest report, Future Market Insights offers insights into key factors driving demand for construction chemicals in India. Further India’s construction chemicals market is estimated to account for around 6.3% of the global market share.

Construction chemicals are vital for the construction industry. These chemicals play a crucial role in the growth of the economy of a country. The construction industry is likely to witness substantial growth in India over the assessment period. The growth is attributed to the significant investment in the infrastructure sector and growth in building construction and real estate business. Furthermore, rising governmental initiatives like Smart City, “Make in India”, and Housing for all, amongst others, are creating significant opportunities for the construction industry which in turn is expected to boost the sales of construction chemicals in India.

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A decrease of 140 bps and 30 bps was anticipated in half-yearly growth in the year 2022. This is due to a certain decline in construction sector growth and an increase in pricing for materials. With the recovery in the economic growth outlook and construction sector performance, the market is estimated to surge with substantial growth rates over the forecast period. Growth in a number of infrastructural projects, and a rise in spending towards the construction industry across all states had trusted the demand for construction chemicals in the country.

Key Takeaways

  • Increasing spending within the construction industry by the government of India is anticipated to create substantial growth opportunities in the country. These opportunities are majorly created by growing infrastructure and commercial construction activities as well as a rise in apartment construction in tier-1 cities.
  • Urbanization in the country is also bolstering the demand which is attributed to rising in the construction of buildings and commercial places and the development of the infrastructure.
  • Key manufacturers in the industry are leveraging these opportunities by innovating new products. These new products comprise properties like watertight concrete, high strength, reliable, hassle-free floor concepts, and which can easily be used in construction.
  • Admixture concretes are significantly used to cater to the demand created by infrastructural and commercial construction activities. Moreover, the construction chemicals market is likely to achieve a faster growth rate in the current estimation period due to the continuation of various governmental infrastructural projects and the start of new projects.

Competitive Landscape

The market of Indian construction chemicals is anticipated to be fragmented within tier-II and tier-III levels, with the presence of more than 450 manufacturers across the country. However, a fair share of the market has been accounted for by the top manufacturers.

One of the primary challenges for construction chemicals in India has been product pricing. Key manufacturers have comparatively low-profit margins, attributed to the contractors preferring low-cost chemicals to reduce overall construction costs. Although, distributors are gaining more margins in construction chemicals as compared to the manufacturers.

Some of the major contractors within the construction industry are still unaware of the benefits that construction chemicals hold. Therefore, they tend to use substitutes that come at low costs providing higher margins. Key manufacturers of construction chemicals are focusing on mergers and acquisitions and regional expansion to establish a stronger foothold across the nation.

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More Insights into the India Construction Chemicals Market

North India accumulates more than 31% of the market over the construction chemical market of India. The growth of the market is attributed to the rapid development in infrastructure coupled with increased government spending in the country are key factors driving the region’s construction chemical industry. Population growth and rise in disposable income across the region are further creating significant demand for construction chemicals for residential constructional activities across the region.

The western region of India is anticipated to create lucrative growth opportunities for durable and energy-efficient construction materials. The western region is expected to create around US$ 4.1 Billion of absolute dollar opportunity between 2023 and 2033. Manufacturers are engaged in research and development activities to innovate as per the end user’s specific requirements

Segmentation of Industry Research

By Product Type, the market has been segmented as:

  • Concrete Admixtures
    • Plasticizers (lingo, SNF, PCE)
    • Accelerators
    • Retarders
    • Air Enterainers
  • Waterproofing Chemicals
    • Bitumen
    • PVC
    • EPDM
    • TPO
    • PTFE
    • Silicone
    • Acrylic Polymers
    • SBR – Styrene-butadiene
    • Cementitious Membrane
    • PU Membrane – Liquid-applied Membrane
    • Crystalline
    • Additives in Waterproofing
  • Protective Coatings
    • Epoxy
    • Polyurethane
    • Acrylic
    • Alkyd
    • Polyester
    • Others
  • Adhesives & Sealants
    • Adhesives
      • Tile Adhesives
    • Cementitious
    • Epoxy
  • Tile Grouts
    • Cementitious
    • Epoxy

Masonry Mortar

  • Sealants
    • Silicone
    • MS Hybrid
    • PU
    • Weatherproof Silicone
    • Polysulfide
  • Concrete Repair Mortar
    • Cement-based
    • Epoxy-based
    • Micro Concrete
  • Plaster
    • Cement-based
    • Gypsum-based
  • Asphalt Additives

By Region, the market is segregated as:

  • North India
  • South India
  • East India
  • West India

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Sodium Chloride Market Worth US$ 67.4 Billion by 2033 | Future Market Insights, Inc.

The sodium chloride market is valued at US$ 44.4 Bn in 2023 and is anticipated to value at US$ 67.4 Bn by 2033. The Sales of sodium chloride are likely to grow at a CAGR of 4.4% during the forecast period.

There is a growing demand for sodium chloride in the chemical sector to develop products such as dyes, paper, plastic, rubber and detergents to advance market growth. Feedstock chemical is highly used in developing chemical products, which in turn boosts the market. An increase in the adoption of sodium chloride by manufacturing companies is observed to make polyester, cleaning tools and machinery.

Moreover, the growing adoption of sodium chloride by the food and beverage industry increases the shelf life of food and enhances its quality. The demand for sodium chloride to preserve foods such as meat and cheese is also likely to increase market opportunities during the forecast period.

The manufacturers are growing in the pharmaceutical industry to treat dehydration and excessive sweating and with increasing adoption of sodium chloride. In addition, there is a growing demand for sodium chloride from the healthcare sector to maintain blood pressure and relax patients’ muscles.

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End-use Industries Propel the Sodium Chloride Market Growth

An increase in the demand for alkaline products such as chlorine, soda ash and caustic soda is impelling the sodium chloride market growth. There are a few more factors that are expected to bolster the market growth during the forecast period, such as the growing population, emerging industries and disposable income. The rising adoption of sodium chloride in various end-use industries such as water treatment, animal feed, agrochemicals and oil & gas is the key factor contributing towards market expansion.

A Glimpse of Top Countries in the Sodium Chloride Market

The US dominates the global market by recording a CAGR of 3.8% with a valuation of US$ 4.0 Bn during the forecast period. Growing disposable income and rising end-use industries such as chemical and food are advancing the US market size. Additionally, the US market growth is fueled by the increasing adoption of sodium chloride in the chemical sector to increase the production of chemical products.

China is estimated to capture a CAGR of 6.2% with a valuation of US$ 2.9 Bn during the forecast period. Increasing consumption of sodium chlorine for cleaning equipment in the healthcare sector is observed in China. The manufacturers are advancing the food and beverage industry to maintain the shelf life of food and preserve it for a long time in China.

Key Takeaways:

  • The sodium chloride marketvaluation is expected at US$ 67.4 Bn by 2033.
  • The global market is increasing during the forecast period by witnessing a CAGR rate of 4.4%.
  • The market in the United States is anticipated to grow at a CAGR of 3.8% through 2033.
  • The China market is likely to uplift significantly during the forecast period with a CAGR of 6.2%.
  • The Japanese market is expected to grow at a CAGR of 3.3% over the forecast period.

Who is Winning?

The prominent manufacturers and vendors are impelling the market size by increasing the production of sodium chloride all over the region during the forecast period. In addition, distribution channels, emerging suppliers and new market entrances are advancing the market opportunities. The adoption of different market strategies and millions of dollars in investment by the market players greatly contribute to boosting the maximum output in the market.

In Jan 2021, FDA announced legal approval for Aurobindo Pharma to manufacture and distribute 0.9% sodium chloride injection to the US healthcare industry.

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 Sodium Chloride Market by Category

By Grade:

  • Agriculture
  • Food
  • Industrial
  • Pharmaceuticals

By Source:

  • Sea Water and Brine
  • Solid

By Product Foam:

  • Liquid
  • Solid

By End Use:

  • Agriculture
  • Chemicals
  • Deicing
  • Food & Beverages
  • Industrial
  • Leather Industry
  • Oil & Gas
  • Pharmaceuticals
  • Water Treatment

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • Middle East & Africa (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
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Precast Concrete Market is anticipated to touch a value of nearly US$ 234 Billion in the year 2033

The precast concrete market is projected to have a moderate-paced CAGR of 5.7% during the forecast period. The current anticipated valuation of the precast concrete market is US$ 134 billion in 2023. The value of the precast concrete market is forecasted to reach a high of US$ 234 billion, by the year 2033.

Market participants boosting their capacity and bolstering their distribution network to expand their client base, are significant factors driving the demand for precast concrete. Other factors influencing the market are the rapid industrialization and urbanization of emerging nations, the growing emphasis on creating high-quality infrastructure globally, and the emphasis on green construction initiatives.

The market has expanded as a result of the construction industry’s transition to using cost-effective, environmentally friendly, and contemporary building methods. Therefore, the market is projected to be further boosted by the desire of emerging nations to modernize their current infrastructure.

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In a variety of weather situations, precast concrete materials enable effective and affordable construction. These goods are meticulously produced off-site, which raises the level of quality in general. These products have the potential to have a very high span-to-depth ratio, which improves the structure’s ability to carry load and lessens the need for extra columns. As a result, these items are frequently employed in large-scale projects like concert halls and arenas to ensure that no pillars obstruct the audience’s view or experience. Leading business players use technical advancements to create new goods and increase their market share.

Over the course of the projection period, it is also anticipated that an increase in consumer demand and a shift in consumer preference toward high-quality items would provide numerous growth opportunities for new entrants in the market.

With 20% of all global building investments, China is the leading construction market in the world. By 2030, it is anticipated that China would spend almost US$ 13 trillion on buildings, which is expected to increase demand for precast concrete in China.

In recent years, the market has been pushed by the need for low-cost residential structures, improved efficiency obtained through precast technologies, and accelerated construction speed using precast technology. Additionally, converting and renovating older structures boosts investment in the construction sector, increasing demand for prefabricated components and favorably influencing the expansion of the precast construction market. Precast concrete is therefore frequently employed to construct similarly designed, cost-effective constructions. It also offers the benefit of planning for upcoming construction projects because the components are simple to rearrange. Building experts are enthusiastically embracing modern construction approaches that offer enhanced performance with a minimal capital expenditure. 3D printing and Building Information Modeling (BIM) are recent technological developments that might present opportunities for the sector under study.

Significant amounts of hazardous gases including nitrogen oxide, sulphur dioxide, and carbon monoxide are produced at cement producing facilities. These gases have been related to a several health issues, including cardiovascular diseases, visual impairment, and asthma. Furthermore, it is anticipated that government rules enacted to limit emissions from cement manufacturing facilities would restrain market growth.

Key Takeaways:

  • Throughout the projection period, it is expected that the United States is likely to hold a sizeable portion of the global precast concrete market. Key stakeholders work to create very durable precast concrete products in an effort to strengthen the infrastructure of country.
  • The precast concrete market in China is expected to accelerate significantly throughout the estimated time frame. Key participants, who are concrete plant experts, also provide contemporary plant technology with a focus on China trends.
  • The structural building components product type is anticipated to lead during the projected period owing to its strong demand from the construction sector.
  • The infrastructure segment in end use, accounts for a sizeable share, is the most inventive market category for important corporations as there has been an increase in the usage of energy-efficient products and materials.

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Competitive Landscape:

Due to the existence of both foreign and domestic competition, the global precast concrete market is fragmented. In their respective niche markets, several firms hold sizable market shares. Large companies usually place significance on organic developments like product approvals and the acceptance of cutting-edge, environmentally friendly solutions. These factors are expected to prompt the global precast concrete market size rapidly.

Key Players:

  • Boral Limited
  • Lafarge
  • Gulf Precast Concrete Co. LLC
  • Olson Precast Company
  • CEMEX S.A.B. de C.V.
  • Forterra
  • Tindall Corporation
  • Spancrete
  • ELO Beton
  • GÜlermak A.S.
  • STECS
  • LAING O’Rourke
  • Larsen & Toubro Ltd.

Key Segments

By Product Type:

  • Structural Building Components
  • Architectural Building Components
  • Transportation Products
  • Water & Waste Handling Products
  • Others

By End Use:

  • Residential
  • Non-Residential
  • Infrastructure

By Region:

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

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
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Oxalic Acid Market Set to Witness an Uptick Size US$ 1,191.0 Million to 2028: Future Market Insights, Inc.

Oxalic acid serves almost all major end-use industries, including water treatment chemicals, petrochemicals, pharmaceuticals, and others. According to a recent Future Market Insights (FMI) study, the global oxalic acid is expected to reach the valuation of US$ 1,191.0 Mn by 2028.

The industrial sector in Asia Pacific is growing at a substantial rate, thereby increasing the demand for oxalic acid in the region. Moreover, increasing concerns related to water treatment are expected to fuel the growth of the global oxalic acid in the foreseeable future.

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The Potential Impact of COVID-19

The novel coronavirus outbreak has been sweeping across regions and the global economic order. In line with this, the oxalic acid market is expected to witness dip in value creation due to price volatility, short-term market uncertainties, and decreasing adoption in majority of key application areas. Travel restrictions imposed by governments worldwide will hamper the market growth, especially business activities that require face-to-face meetings. Furthermore, logistical hurdles will remain a challenge, considering short-term growth projection of the market.

“The global healthcare landscape is changing rapidly, and people are spending more on their health-related needs. Factors such as changing lifestyles, food habits, sleeping habits, etc., are contributing to this change. With people getting more health conscious, the demand for pharmaceuticals is increasing across the globe, in turn, leading to the high consumption of oxalic acid.”

Key Takeaways of Oxalic Acid Market Study

  • Increasing concerns regarding the need for sterilization of pharmaceutical equipment is expected to propel the demand for technical/pharma grade oxalic acid over the forecast period. Standard grade holds a prominent share of the oxalic acid market; however, this share is expected to decline over the forecast period.
  • The market in Asia Pacific is significantly diverse in terms of customer base, innovations, and geopolitical conditions, as well as regulatory scenario. The GDP of this region is expected to witness significant growth in the foreseeable future, and this is expected to propel the growth of the oxalic acid market.
  • The oxalic acid market in Asia Pacific, including China, India, and Indonesia, is expected to gain traction in the foreseeable future, attributable to growing industrial activities and urbanization in the region.

Market Landscape: Fairly Fragmented

The global oxalic acid market is fairly fragmented, owing to a number of players holding small shares in the market space. The top ten established players account for more than half of the total supply. Manufacturers are focusing on strengthening their partnerships with end users and government entities. Key players such as Mudanjiang Fengda Chemical Co., Ltd., Oxaquim, Merck KGaA, UBE Industries Ltd., Clariant International Limited, Indian Oxalate Limited, Shijiazhuang Taihe Chemical Co., Ltd., Spectrum Chemical Manufacturing Corp., Shandong Fengyuan Chemical Co., Ltd., Penta s.r.o., and others, are also focusing on marking their direct presence in local markets.

What Does the Future Hold?

The global oxalic acid market is expected to grow at a moderate rate over the forecast period, on account of its increasing demand in the petrochemical industry in developing countries. Moreover, increasing awareness about the sterilization of medical equipment, in both, developed and developing countries, is further expected to fuel the growth in the market. Increasing awareness in these countries will help increase the adoption of the product in the foreseeable future.

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Want to Know More?

Future Market Insights has published a market research report on the oxalic acid market that contains global industry analysis of 2013-2021 and opportunity assessment for 2022–2028. The report provides insightful analysis of the oxalic acid market through four different segments – grade, application, end use, and region. The oxalic acid market report also provides demand trends of different types across industry verticals, a comprehensive list of service providers in the market, various projects around the world, and a detailed 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