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Electric Insulators Market Projected to Surge to US$ 6.5 billion by 2033: Growth Fueled by Innovations in North America
The electric insulators market is expected to reach around US$ 4.6 billion in 2023. It will likely create a specific profit potential worth US$ 1.9 billion over the evaluation term. The size of the global market is anticipated to exhibit a CAGR of 3.5% from 2023 to 2033. By 2033, it is anticipated to total US$ 6.5 billion.
It is anticipated that countries in North America, such as the United States and Canada, will drive expansion in the high-voltage glass insulator business. Demand is expected to be aided by the growing tendency toward developing nanotechnology and sophisticated materials.
In North America, renowned players in the electric insulators industry are anticipated to create novel insulating materials and qualities, including glass, porcelain, and composites. These would allow them to improve the functionality and standard of their internal insulators.
Developing insulators with nano-coatings is also possible by the growth of nanotechnology in this area. These coatings will likely increase their resistance to outside factors, including moisture, UV light, and pollution. These ongoing improvements are expected to assist businesses in North America in making their products extremely durable, especially in adverse weather.
Demand for electric insulators might increase as Internet of Things (IoT) technology becomes more widely adopted in the Asia Pacific. The introduction of intelligent electric insulators in China, Japan, and India is expected to open up new business opportunities for the ceramic insulator sector.
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With their connectivity and sensor capabilities, smart insulators are anticipated to assist in assessing the operation and state of electrical infrastructure & power lines in real time. These are also equipped to recognize issues, including partial discharges, vibrations, and overheating.
Sales might also be boosted by smart electric insulators’ capacity to transmit data to utility providers for proactive maintenance and problem detection. Demand is anticipated to increase in Asia Pacific due to rising demand for more sustainable, reliable, and efficient electric networks.
Key Takeaways from the Electric Insulators Market Study
- The global electric insulators industry grew at a decent CAGR of around 5.5% in the historical period from 2018 to 2022.
- The United States electric insulators industry is anticipated to rise at a CAGR of 3.5% from 2023 to 2033.
- The United Kingdom is expected to register a CAGR of 3.9% in the electric insulators industry in the assessment period.
- In terms of end-users, the utility segment is anticipated to showcase a CAGR of 3.1% from 2023 to 2033.
- Based on the segment, the ceramic category is expected to witness a CAGR of 3.3% from 2023 to 2033.
“Electric insulator sales are projected to increase as electric utilities continue to be modernized to reduce dependency and increase efficiency. These are primarily intended for use in the modernization of transmission lines, substations, and distribution networks. It is anticipated that several utility firms will have to deal with the issue of aged infrastructure that has to be replaced, repaired, or maintained. Demand is projected to be driven by rising usage of electric insulators to maintain the effectiveness and safety of electrical equipment.” – says Nikhil Kaitwade, Associate Vice President for Chemicals & Materials at Future Market Insights, Inc.
Competitive Landscape
Leading electric insulator market participants are expanding their product lines in an effort to meet a variety of customer needs. They are developing new ranges of electric insulators to accommodate multiple uses, climatic factors, and voltage ranges. This kind of diversification is anticipated to give them access to a sizable clientele.
Reputable suppliers of electric insulators are working to expand their reach. In response to the increased demand for power, they are creating new distribution networks and production facilities in specialized locations. This plan might make it possible for the company to expand into new locations, cut their transportation expenses, and enhance their client service.
With an increasing need for sustainability, well-known electric insulator market players are also concentrating on creating distinctive goods that are ecologically beneficial. Novel electrical insulators that can increase energy efficiency and reduce leakage currents are being produced by this company. To draw in more customers, they are also emphasizing adopting environmentally friendly manufacturing techniques.
For instance,
- SABIC introduced the STAMAX 30YH611 and H1090 resins in July 2023. Sheet ejection and thermoforming are both used to create these items. These provide a fresh alternative to traditional sheet metal forming, compression, and injection molding.
- In June 2023, OKI Electric Cable developed two innovative types of environment-proof flexible printed circuits (FPC) products: a heat-proof FPC and a high-pressure steam-proof FPC. These might be applied in harsh conditions, such as those with high temperatures and steam pressure.
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Key Companies Profiled
- ABB Group
- Bharat Heavy Electricals Ltd
- KREMPEL GmbH
- MacLean-Fogg Company
- NGK Insulators Ltd
Get More Valuable Insights into Electric Insulators Market Report
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global electric insulators market presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.
The study incorporates compelling insights on the electric insulators market based on the segment (ceramic, composites, glass) and end-use (utilities, industrial, and other end-users) across several regions.
Electric Insulators Market Outlook by Category
By End-Use:
- Utilities
- Industrial
- Other End-Uses
By Segment:
- Ceramic
- Composites
- Glass
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East 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 400 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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Global Drilling and Completion Fluids Market Set to Skyrocket, Creating US$ 13.9 billion Income Potential During Review Period
The size of the global drilling and completion fluids market is anticipated to surge at a CAGR of 3.8% from 2023 to 2033. By 2033, its value is projected to rise to US$ 13.9 billion.
During the review period, it is anticipated to create a unique income-generating potential worth US$ 4.3 billion. According to estimates, the drilling and completion fluids market will surpass US$ 9.6 billion in 2023.
Through 2033, growth is anticipated to increase across Europe owing to the emergence of smart drilling and completion fluids. Demand might be spurred by their capacity to adapt to changing downhole settings.
Due to their ability to instantly change viscosity and density, the United Kingdom, Sweden, and Germany might have a greater need for highly enhanced drilling performance. As a result, low downtime, rapid penetration rates, improved drilling efficiency, and significant cost savings are predicted.
For instance, Epiroc introduced the SmartROC T25 R, a brand-new, premium wireless autonomous drill rig, in May 2023. The Epiroc SmartROC family’s first model in its category, the recently announced small drill rig, is made for quarrying and construction.
It has a wide range of functional features and technology. The rig has the leading automation and technology in its sector thanks to smart technology. This smart technology comprises an intelligent RCS control system.
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Demand for drilling and completion fluids might increase due to the harsh weather, high temperatures, and intense pressure encountered during ultra-deep sea drilling activities in Asia Pacific. Modern drilling fluids might become more popular as they support wellbore stability maintenance and mitigate adverse situations.
Leading oil & gas corporations in Asia Pacific are anticipated to invest sizable sums in purchasing state-of-the-art ultra-deepwater drilling machinery. Innovative drilling fluids can become more widely used to reduce downtime, increase the lifespan of expensive assets, and guard against tool wear and tear.
Another important element driving demand is the expanding use of enhanced oil recovery (EOR) techniques in on-shore areas. Additional oil & gas reserves could be extracted using these techniques. It is necessary to inject a variety of on-shore drilling and finishing fluids to increase the productivity of reservoirs.
Key Takeaways from the Drilling and Completion Fluids Market Study
- The United States drilling and completion fluids industry is anticipated to reach US$ 2.5 billion by 2033.
- The United Kingdom is projected to record a CAGR of 8% in the forecast period.
- South Korea is expected to register a valuation of US$ 858.5 million by 2033.
- In terms of fluid systems, the water-based segment is projected to showcase a CAGR of 7% from 2023 to 2033.
- Based on application, the on-shore segment recorded a considerable CAGR of 5% from 2018 to 2022.
“Shale formations will always have complicated geological structures and varying rock compositions. As proper management of the aforementioned obstacles is necessary for shale drilling, the need for specialized drilling and finishing fluids might increase. These fluids can also be used to address high formation damage, lost circulation, and wellbore instability.” – says a lead analyst at Future Market Insights (FMI).
Competitive Landscape
The drilling and completion fluids market is currently quite competitive due to the presence of multinational enterprises and more than 100 businesses operating in the same industry. Leading businesses would invest in research & development to take part in product innovation. They want to develop fluid additives that can be used for several purposes and provide them an edge over rivals.
Leading drilling and completion fluid firms can set themselves apart from the competition by meeting certain industry demands. These players are also putting strategic plans into action to get a competitive advantage. A handful of these tactics include new product creation, partnerships, and acquisitions.
For instance,
- MUDLabs delivered contemporary fluid performance advances to the digitized oilfield in January 2023. The organization is launching innovative measures to reduce the amount of time drilling operators squander by working with Cutpoint, Inc. This rebranding aims to cut expenses, leave a smaller environmental footprint, and increase fluid-included drilling activities.
- In November 2022, NanoMalaysia Bhd (NMB) introduced Synergy 10AS Nano, a patented drilling fluid loss additive. The launch followed a successful four-year phase of testing and development that was in line with Malaysia’s National Energy Policy to reduce carbon emissions through improved energy efficiency.
Drilling and Completion Fluids Market Top Players
- Baker Hughes
- GE Company
- CES Energy Solutions Corp
- Global Drilling Fluids & Chemicals Limited
- Halliburton
- National Oilwell Varco
- Newpark Resources, Inc.
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Get More Valuable Insights into the Drilling and Completion Fluids Market Report
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global drilling and completion fluids market presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.
The study incorporates compelling insights on the drilling and completion fluids industry based on fluid system (water-based, oil-based, synthetic-based, and others) and application (on-shore and off-shore) across several regions.
Drilling and Completion Fluids Market Outlook by Category
By Fluid System:
- Water-based
- Oil-based
- Synthetic-based
- Other Fluid Systems
By Application:
- On-shore
- Off-shore
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East 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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Decorative Inks Market Transforms with Eco-Friendly Solutions, Paving the Way for Responsible Production and Aesthetic Evolution
The decorative inks market valuation is US$ 1.5 billion in 2023 and is projected to reach US$ 4.1 billion by 2033. The market is expected to advance at a CAGR of 10.2% from 2023 to 2033. A new era of interactive ceramic artistry is unfolding, as inks tailored for digital applications are breathing life into ceramic surfaces with intricate designs and functional enhancements.
In a dynamic landscape characterized by innovation and artistic evolution, the market is embracing a profound transformation. This shift is underscored by the rise of sustainable practices, where eco-friendly ink formulations are driving the industry toward more responsible production.
As the market navigates these emerging trends, it stands poised at the crossroads of aesthetics and sustainability, poised to redefine the way we perceive and interact with decorated surfaces.
As the world grapples with environmental concerns, the decorative inks market is making substantial strides toward sustainability. Manufacturers are increasingly focusing on developing eco-friendly ink formulations that minimize the environmental footprint without compromising on quality.
Water-based inks, low VOC (volatile organic compounds) formulations, and biodegradable options are gaining traction, resonating with environmentally conscious consumers and industries alike.
The applications of decorative inks are far-reaching and versatile. From architectural façades to automotive interiors, and from textiles to packaging, the ability of decorative inks to enhance aesthetics and functionality is being harnessed across diverse sectors.
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While the decorative inks market boasts immense potential, it is not without its challenges. Adhering to regulatory standards, ensuring ink durability, and optimizing compatibility with diverse surfaces remain crucial considerations.
These challenges are accompanied by promising opportunities, such as the incorporation of smart technologies, sustainable ink solutions, and the exploration of untapped niches within the market.
Key Takeaways
- The United States market is expected to generate a revenue of US$ 697.6 million in the decorative inks industry by 2023.
- The market size in South Korea is projected to account for US$ 197.7 million by 2023 on a global level.
- Based on application, the ceramic tiles sub-segment is likely to advance at 10% CAGR from 2023 to 2033.
- During the forecast period, the market in China is anticipated to move ahead at a 10% growth rate.
- The market for decorative inks in the United Kingdom is likely to secure a 10% CAGR through 2033.
“Innovations such as smart inks that respond to environmental changes and wearable electronics are expanding the scope of decorative inks even further.”—opines our chief analyst at FMI.
How is the Competition Landscape Structured in the Decorative Inks Industry?
The competition landscape within the decorative ink industry is characterized by a dynamic interplay of established market leaders and emerging players, all vying to innovate and provide a diverse range of high-quality ink solutions tailored to specific applications.
Key players leverage technological advancements to maintain a competitive edge, while newer entrants focus on niche markets and sustainable formulations to carve their niche.
The competition is driven by ongoing research and development, strategic collaborations, and the pursuit of environmentally friendly options, all aimed at capturing a share of the market propelled by evolving consumer preferences and industry demands.
In this multifaceted arena, companies strive to differentiate themselves through their ink’s quality, versatility, and alignment with industry trends. Collaborations with manufacturers and end-users enable fine-tuning ink formulations to meet evolving requirements, while a focus on innovative packaging and marketing strategies enhances brand visibility.
This dynamic landscape is a testament to the industry’s commitment to driving technological advancements and meeting the ever-changing demands of the decorative inks industry.
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Key Players in the Decorative Inks Market
- Colorobbia Holdings S.p.A
- Esmalglass – Itaca Grupo
- Ferro Corporation
- Fritta
- Kao Chimigraf
- Sicer S.P.A
Decorative Inks Market Segmentation
By Application:
- Ceramic Tiles
- Glass Printing
- Food Container Printing
- Other Applications
By Region:
- North America
- Latin America
- Europe
- Middle East and Africa
- Asia Pacific
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 400 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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Plastic Fasteners Market Soars: Expected 9.8% CAGR Sparks Growth Projections to Reach US$ 15.8 billion by 2033
The global plastic fasteners industry value is expected to total US$ 6.2 billion in 2023 and US$ 15.8 billion by 2033. Overall sales of plastic fasteners are forecast to rise at 9.8% CAGR throughout the assessment period.
Growing demand for plastic fasteners across industries, such as automotive, electronics, and building & construction, is expected to boost the global market. Thanks to their attractive benefits, plastic fasteners are becoming ideal alternatives to traditional metal fasteners in several industries.
Rivets & push-in clips are anticipated to remain the most sought-after product types through 2033. This is due to their rising usage in the automotive and electronics industries. The target segment is poised to exhibit a CAGR of 9.6% during the assessment period.
Several factors are expected to stimulate growth in the plastic fasteners market. These include increasing usage of plastic fasteners in the automotive, aerospace, and electronics industries and advancements in plastic fastener materials.
Industries, such as electronics and building & construction, require flexible and corrosion-resistant fastening solutions. As a result, they are showing a keen inclination towards using plastic fasteners, thereby contributing to market expansion.
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Rapid expansion of automotive sector and rising need for reducing weight and fuel efficiency of vehicles will likely uplift plastic fastener demand through 2033. This is because these lightweight fasteners can significantly reduce the overall weight of vehicles.
Similarly, escalating popularity of electric & hybrid vehicles and innovation in materials are expected to influence the target market positively. Futuristic plastic fasteners market projection predicted the target market to expand more than 2.5X through 2033.
Key Takeaways from the Plastic Fasteners Market Report:
- The global plastic fasteners industry is expected to reach US$ 15.8 billion by 2033.
- By product type, rivets & push-in clips segment is poised to exhibit a 9.6% CAGR through 2033.
- By end use, automotive segment is estimated to expand at 9.4% CAGR over the forecast period.
- The United States is projected to attain a valuation of US$ 2.7 billion by 2033.
- Demand in Japan is predicted to increase at 9.7% CAGR through 2033.
- China market value is anticipated to reach US$ 2.9 billion by 2033.
- Sales revenue in the United Kingdom is expected to reach US$ 506.8 million by 2033.
- South Korea industry is expected to thrive at 9.4% CAGR through 2033.
“Amid increasing focus of industries on reducing cost and weight of products, demand for plastic fasteners is set to rise rapidly during the forecast period. To gain maximum profits, key players are concentrating on developing new products made from recycled and eco-friendly materials.” – says a lead Future Market Insights analyst
Who is Winning?
Key plastic fastener manufacturers listed in the report
- Anil Plastics & Enterprises
- Araymond
- Arconic
- Bossard Group
- Bulte Plastics
- Canco Fasteners
- Craftech Industries
- E & T Fasteners
- Fontana Gruppo
- Illinois Tool Works
- Joxco Seals
- KGS Kitagawa Industries Co.
- Micro Plastics
- MW Industries
- Nifco
- Nyltite Corporation
- Penn Engineering
- Shamrock International Fasteners
- Shanghai Yuanmao Fastener Co.
- Stanley Black & Decker
Key players are employing several organic and inorganic strategies to increase their sales and expand their footprint. These strategies include new product launches, facility expansions, mergers, partnerships, collaborations, and acquisitions. For instance,
- In November 2022, Kuraray Fastening Co., Ltd. introduced new products in the MAGIC TAPE lineup of polyester hook-and-loop fasteners.
- In April 2023, TR Fasteners introduced several new products, including screw rivets, barbed push-in rivets, kwik nuts, push screws, and shockproof snap rivets.
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More Insights Available:
Future Market Insights (FMI), in its new offering, presents an unbiased analysis of the global plastic fasteners market presenting historical data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.
The study reveals market projections based on product type (rivets & push-in clips, cable clips & ties, threaded fasteners, washers & spacers, grommets & bushings, wall plugs, and others), end use (automotive, electrical & electronics, building & construction, supermarkets, and others), and region (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia and Pacific, and Middle East and Africa).
Segmentation in Plastic Fasteners Market Report
By Product Type:
- Rivets & Push-in Clips
- Cable Clips & Ties
- Threaded Fasteners
- Washers & Spacers
- Grommets & Bushings
- Wall Plugs
- Other Product Types
By End Use:
- Automotive
- Electrical & Electronics
- Building & Construction
- Supermarkets
- Other End-Uses
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia and 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 400 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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Global Hollow Fiber Ceramic Membranes Market Set to Reach US$ 415.0 million Valuation by 2033: New Report Forecasts 9.6% CAGR
By 2023, the global hollow fiber ceramic membranes market is likely to be worth US$ 166.6 million. In the study period from 2023 to 2033, a CAGR of 9.6% is predicted.
By 2033, the hollow fiber ceramic membranes industry is anticipated to reach a valuation of around US$ 415.0 million. A total financial potential of US$ 248.4 million will be generated during the assessment period.
Hollow fiber ceramic membranes might consume less energy than other filtration techniques such as reverse osmosis. It is believed that this would make them the best option for uses such as the desalination and treatment of brackish water. Demand is expected to be supported by industries looking for energy-efficient and affordable solutions.
One leading element driving demand for hollow fiber ceramic membranes is the ongoing global expansion of the biopharmaceutical industry. Demand is also anticipated to be boosted by rising single-use technology adoption and the necessity for continuous manufacturing.
It is predicted that the world’s population growth will cause freshwater supplies to become scarce. Demand is anticipated to increase because of hollow fiber ceramic membranes’ capacity to remove impurities, diseases, and pollutants from water sources.
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It is also anticipated that hollow fiber ceramic membranes will be used in the global pharmaceutical, food and beverage, and electronics industries. Industries that use high-quality water for manufacturing might require these membranes as they can provide a greater level of filtration efficiency. Demand might also be influenced by their capacity to guarantee that the treated water adheres to stringent government standards.
Key Takeaways from Hollow Fiber Ceramic Membranes Market Report
- The global hollow fiber ceramic membranes industry expanded at an astonishing CAGR of 12.0% in the historical period.
- The United States hollow fiber ceramic membranes industry is set to reach a valuation of US$ 75.5 million by 2033.
- China is projected to capture a valuation of US$ 67.2 million in the hollow fiber ceramic membranes industry by 2033.
- In terms of end-use, the biotechnology segment is expected to witness a CAGR of 9.2% in the forecast period from 2023 to 2033.
- Based on application, the ultrafiltration segment is projected to showcase a moderate CAGR of 9.4% in the review period.
“Hollow fiber ceramic membranes are anticipated to have a long lifespan and high level of durability, leading to a low replacement rate. They are expected to be greatly preferred in industries that strongly emphasize sustainability due to their reduced chemical use and low energy use.” – Says a lead analyst at Future Market Insights (FMI).
Competitive Landscape
Leading hollow fiber ceramic membrane manufacturers are expected to invest huge sums in research & and development activities. They are expected to launch new manufacturing processes, designs, and materials to reduce production costs and improve performance.
A handful of companies are focusing on educating several sectors and clients about the applications and advantages of hollow fiber ceramic membranes. They are conducting webinars, seminars, and workshops to attract their target audience.
Key Companies Profiled:
- Atech Innovations GmbH
- Ceraflo
- CoorsTek, Inc.
- I2M
- Koch Membrane
Recent Developments-
- NGK Insulators, a Japan-based ceramics company, developed a carbon dioxide separation membrane for producing exhaust gas in December 2021. During testing, the carbon dioxide separation factor of this membrane outperformed that of the more popular DDR-type zeolite membrane by a factor of around five.
- A technology start-up from the United Kingdom named G2O Water Technologies secured its first commercial contract in July 2021 to use graphene oxide to enhance water filtration membranes. This was hugely significant for the technology sector and the global water industry. It was the first commercially viable application of the freshly discovered substance for water treatment.
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Get More Valuable Insights on Hollow Fiber Ceramic Membranes Market
Future Market Insights (FMI) has released an objective assessment of the global hollow fiber ceramic membranes industry, presenting past demand data from 2018 to 2022 and projecting forecast statistics for the 2023 to 2033 period.
The hollow fiber ceramic membranes market is segmented by application (ultrafiltration, microfiltration, and nanofiltration) and end-use (biotechnology, chemical processing, water & wastewater processing, pharmaceutical, food & beverage, and others) across different regions from 2023 to 2033.
Hollow Fiber Ceramic Membrane Market Outlook by Category
By Application:
- Ultrafiltration
- Microfiltration
- Nanofiltration
By End-use:
- Biotechnology
- Chemical Processing
- Water & Wastewater Processing
- Pharmaceutical
- Food & Beverage
- Other End-Uses
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and the Pacific
- East 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 400 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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Textile Recycling Market Surges: Projected Worth of US$ 6.6 Billion by 2033
The textile recycling market is worth US$ 4.8 Billion as of now and is expected to reach US$ 6.6 Billion by 2033 at a CAGR of 3.2% between 2023 and 2033.
Tyton Biosciences has its water-based hydrothermal solution for recycling garments made from polyester, cotton, and polycotton blends. Cotton thus gets segregated from polyester by having it disassembled into monomer components; thereby letting it get re-assembled into a brand new polyester. Tree pulp could also be replaced with MMCFs (Man Made Cellulosic Fibers).
The US is amongst the biggest manufacturers of textile-related products – as stated by the National Council of Textile Organization. The Council for Textile Recycling states that a US citizen, on the whole, does throw away nearly 70 pounds of textiles every year. This is where textile recycling comes to the rescue.
It has been observed that recycled polyamide, as compared to virgin polyamide/nylon, gives lower emissions of carbon dioxide. Patagonia makes use of recycled polyamide in more than 80% of the apparel created by them.
At the same time, the fact that different materials need specialized handling methods can’t be ignored. This factor could restrain the textile recycling market.
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Future Market Insights has walked through these facts with future prospects in its latest market study entitled ‘Textile Recycling Market’. It has its team of analysts and consultants to look through a 360-degree approach in its primary, secondary, and tertiary modes of research.
“The Government of the US has decided upon increasing awareness amongst consumers regarding recycling of textiles. It did launch an initiative for achieving zero waste by the year 2037 under guidance of the Council of Textile Recycling (CTR)”, says an analyst from Future Market Insights.
Key Takeaways from the Textile Recycling Market
- North America holds the largest market share with the US being subject to growing awareness regarding impact of textile waste on the environment. Various public awareness campaigns are being conducted regarding textile recycling.
- Europe holds the second-largest market share with Germany, France, and the UK opting for something like Sustainable Clothing Action Plan. The government of the UK has put forth Textile 2030 initiative.
- The Asia-Pacific is expected to grow at a rapid pace in the textile recycling market with South Korea, Japan, and China leading from the front. This is evident from the fact that Hyosung, in May 2021, did collaborate with various municipal governments for manufacturing nylon fabrics made out of recycled fishing nets. Vegan Tiger has come up with several textiles made out of materials like stickers, gift wrap, and paper.
Competitive Textile Recycling
- Birla Cellulose, in May 2023, entered into collaboration with TextileGenesisTM for providing transparency and traceability solutions in garments vertical. The orchestrators include Fashion for Good, Canopy, and Circular Fashion Partnership for scaling the circular business model.
- Lenzing Group, in 2023, did announce launching LENZINGTM ECOVERO abreast with REFIBRATM technology that would help it in transiting toward circular economy in textile vertical.
- Circ, in April 2023, entered into collaboration with Zara for launching womenswear collection made from recycled polyester and Lyocell separated from the mixed residue in the form of textile waste.
- Indorama Ventures Public Company, in June 2020, completed acquisition of AG Resinas Ltda’s PET recycling facility.
- TRI Group, in May 2022, completed acquisition of Soex UK for strengthening the presence in Europe.
- Saint-Gobain, in April 2022, announced planning to spend US$ 32 Million toward upgradation of CertainTeed’s Chowchilla glass wool plant based out of California. It estimates that this upgradation would be curtailing emissions of carbon dioxide by 4000t/yr.
- HYOSUNG TNC, in March 2022, did ink an agreement with TOPTEN for working together to develop high-class eco-friendly products.
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What does the Report state?
- The research study is based on material (cotton, polyester, wool, polyamide, and likewise), source (apparel waste, home furnishing waste, automotive waste, and likewise), and process (mechanical and chemical).
- The textile recycling market is expected to grow with the objective of doing away with accumulation of textile waste in landfill space.
Segmentation Analysis of the Textile Recycling Market
Material:
- Cotton
- Polyester
- Wool
- Polyamide
- Others
Source:
- Apparel Waste
- Home Furnishing Waste
- Automotive Waste
- Others
Process:
- Mechanical
- Chemical
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia & Pacific
- East Asia
- The 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 400 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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Rising Adoption of Glass Wool Insulation Fuels Market Expansion, Reaching US$ 6.8 billion in 2033
The global glass wool insulation industry value is predicted to reach US$ 4.2 billion in 2023. Overall sales of glass wool insulation are likely to rise at 4.8% CAGR, taking the total market valuation to US$ 6.8 billion by 2033.
Rising adoption of glass wool insulation in residential & industrial buildings, HVAC systems, and other appliances is expected to drive the global market forward. This is due to the ability of glass wool insulation to reduce energy consumption and increase savings.
The adoption of glass wool insulation is expected to remain high in the residential construction sector. This is due to the rising focus of homeowners on reducing energy consumption as well as costs. The target segment is anticipated to register a CAGR of 4.6% CAGR through 2033.
The exponential growth of the residential sector due to the increasing population is creating lucrative opportunities for glass wool insulation manufacturers. This trend is likely to further escalate during the forecast period amid a rising trend of green construction.
According to the United Nations (UN), the global population is estimated to reach US$ 9.7 billion in 2050 and 10.4 billion by 2100. This is expected to create a high demand for new residential buildings which in turn will bolster glass wool insulation sales.
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Glass wool insulation helps homeowners to improve energy efficiency, acoustic performance, and thermal comfort of buildings. As a result, this type of insulation is gaining immense popularity in the residential sector.
Growth in the global wool insulation market will also be triggered by several other factors. These include the implementation of stringent energy efficiency regulations by governments across the world and the growing popularity of green buildings.
Glass wool insulation also finds usage in HVAC systems as well as industrial equipment. Growing adoption of these products will therefore uplift glass wool insulation during the assessment period.
Key Takeaways from the Glass Wool Insulation Market Report:
- The global glass wool insulation industry is projected to total a valuation of US$ 6.8 billion by 2033.
- Based on application, the residential construction segment is expected to thrive at 4.6% CAGR through 2033.
- The United States market is expected to reach a valuation of US$ 1.2 billion by 2033.
- Demand in Japan is predicted to rise at 4.6% CAGR through 2033.
- Sales revenue in China is projected to total US$ 1.3 billion by 2033.
- The United Kingdom market is set to expand at 4.6% CAGR between 2023 and 2033.
- Japan market size is anticipated to reach US$ 1.0 billion by 2033.
“Rising popularity of green buildings and enforcement of new energy efficiency regulations are expected to present lucrative growth opportunities for glass wool insulation companies during the assessment period. To take advantage of these opportunities, key companies need to continuously upgrade their portfolios by launching new products with enhanced features.” – says a lead Future Market Insights (FMI) analyst
Who is Winning?
Leading glass wool insulation companies profiled in the report include URSA Insulation SA, Bradford Insulation Industries Ltd, Compagnie de Saint-Gobain, Alghanim Industries, Johns Manville Corporation, Chez Knauf Insulation SPRL, Owens Corning, Knauf Insulation, Fibertec, Inc., and Fibertek Insulation LLC.
These key players are concentrating on developing new light and environment-friendly products to meet evolving end-user demand. They are also employing strategies such as acquisitions, partnerships, mergers, alliances, collaborations, and distribution agreements to improve their revenues and strengthen their footprint.
Recent developments:
- In August 2022, Owens Corning launched a new fiberglass insulation called PINK Next Gen Fiberglass.
- In May 2023, URSA partnered with UPM Biochemicals in order to develop eco-friendly building insulation that could help to significantly reduce energy consumption and lower Co2 emissions.
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More Insights Available:
Future Market Insights (FMI), in its new offering, presents an unbiased analysis of the global glass wool insulation market presenting historical data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.
The study reveals market projections based on application (residential construction, commercial & industrial construction, industrial & HVAC applications, appliances & other applications) and region (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia and Pacific, and Middle East and Africa).
Global Glass Wool Insulation Market Segmentation
By Application:
- Residential Construction
- Commercial & Industrial Construction
- Industrial & HVAC Applications
- Appliances & Other Applications
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia Pacific
- 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 400 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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Ultra-Thin Glass Market Set for Rapid Expansion, Fueled by Foldable Smartphone Boom
The global ultra-thin glass market size is anticipated to see a CAGR of 10.7% from 2023 to 2033. By 2033, it is set to exceed a valuation of US$ 29.5 billion. The market is expected to be worth US$ 10.7 billion in 2023.
The design of new foldable cell phones is such that they can appeal to buyers who want distinctive items aesthetically. Millennials who wish to differentiate themselves from traditional flat phones are anticipated to buy these.
By 2033, smartphone manufacturers such as Samsung and Oppo are anticipated to release several foldable phone models. This is because these businesses frequently work to be on the cutting edge of technology advancements. Additionally, it is anticipated that this will enhance the brand’s reputation.
Several people view foldable cell phones as a status symbol as they are typically more expensive than traditional flat-screen phones. Hence, it is likely that luxury companies will sell these phones.
For instance, the much anticipated foldable smartphone from OnePlus, the OnePlus Fold, will soon be available. In 2023, the company might release its first folding product.
Even though OnePlus hasn’t formally confirmed the launch, the upcoming phone will undoubtedly go on sale. It might be able to compete with seasoned rivals such as Motorola and Samsung, who have been active in the foldable phone sector for years.
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Remote locations and non-metros are likelier than metro areas to adopt Samsung’s foldable and flip phones. Buying these cell phones has become easier as additional financing options are accessible.
Samsung claimed in August 2023 that 1,50,000 pre-orders for its fifth-generation foldable smartphones, unveiled in India in July, had been placed. While the Galaxy Z Flip5 is marketed to a younger audience, the Galaxy Z Fold5 is intended for business users.
Due to their affordability, materials such as polymer and plastic were employed in older flat phones. However, as ultra-thin glass is more durable than the alternative, smartphone manufacturers use it in foldable phones. This is designed to withstand frequent unfolding and folding without causing screen damage.
Key Takeaways from the Ultra-thin Glass Market Study
- The global ultra-thin glass industry exhibited a robust CAGR of 13.7% in the historical period between 2018 and 2022.
- The United States ultra-thin glass industry is anticipated to generate an entire earnings outlook of US$ 3.4 billion from 2023 to 2033.
- The United Kingdom’s ultra-thin glass industry is expected to gain a comprehensive revenue scope of US$ 729.9 million through 2033.
- In terms of the manufacturing process, the float segment is likely to witness a CAGR of 10.2% in the review period.
- In terms of thickness, the less than 0.1 mm segment is expected to register a CAGR of 10.0% in the assessment period.
“The healthcare sector has experienced significant growth in the past five years. Top medical device makers are incorporating ultra-thin glass into diagnostic instruments, imaging technology, and wearables to improve remote patient monitoring. Manufacturers of ultra-thin glass would plan to collaborate with international governmental organizations. They can decide to use their output for agricultural purposes.” – says a lead analyst at Future Market Insights (FMI).
Competitive Landscape
With diverse small- and large-scale businesses, the ultra-thin glass industry is highly fragmented worldwide. To meet the shifting consumer needs, they are primarily concentrating on developing innovative products.
Leading companies are developing cutting-edge eyewear to sell to recognized smartphone manufacturing companies. There will soon be more options for foldable smartphones due to the high demand for them. To create success, they are also engaging in research and development initiatives.
For instance,
- Galaxy foldables are revolutionizing what is possible for smartphone users worldwide with their inventive experiences and interactions. A key element of Samsung’s foldable devices is ultra-thin glass. It is a special material that keeps its tensile strength and durability even after being folded hundreds of times or more.
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Get More Valuable Insights into the Ultra-thin Glass Market Report
The latest report offers an unbiased analysis of the ultra-thin glass market, providing historical data from 2018 to 2022 and forecast statistics for the period 2023 to 2033.
The market has been analyzed based on the manufacturing process (float, fusion, others), thickness (less Than 0.1 mm, 0.1 to 0.5 mm, 0.5 to 1.0 mm, 1.0 to 1.2 mm), application (touch panel display, semiconductor substrates, fingerprint sensors, others), and end use (consumer electronics, automotive & transportation, medical & healthcare, others) across several regions.
Ultra-thin Glass Market Segmentation
By Manufacturing Process:
- Float
- Fusion
- Other Manufacturing Processes
By Thickness:
- Less than 0.1 mm
- 0.1 to 0.5 mm
- 0.5 to 1.0 mm
- 1.0 to 1.2 mm
By Application:
- Touch Panel Displays
- Semiconductor Substrates
- Fingerprint Sensors
- Other Applications
By End-use Industry:
- Consumer Electronics
- Automotive & Transportation
- Medical & Healthcare
- Other End Uses
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East 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 400 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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Vending Cup Market Heats Up for Convenient, Hygienic Beverages: Poised to Reach US$3.1 Billion by 2033
The global vending cup market is brewing with steady growth, expected to reach US$3.1 billion by 2033. This expansion, fueled by a CAGR of 3.2%, highlights the increasing demand for convenient and hygienic beverage solutions.
Beyond the Standard Cup
Vending cups are meticulously designed to function flawlessly within vending machines, ensuring a smooth and jam-free experience. While this precision manufacturing adds to their cost compared to standard disposable cups, it offers several advantages. Vending cups boast a strong grip, lightweight design, and recyclability, making them environmentally friendly options.
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Aesthetics Meet Functionality
Manufacturers are constantly innovating to create vending cups that are not only functional but also visually appealing. Printed vending cups cater to the growing consumer demand for attractive drinking experiences.
Hot Beverages Lead the Charge
The surging popularity of hot beverages is a key driver of the vending cup market. Consumers are increasingly opting for hot coffee, tea, and other options readily available through vending machines.
Hygiene on the Rise
Heightened awareness about hygienic food products is propelling the market forward. Vending cups offer a clean and convenient way to enjoy beverages, contributing to their growing popularity.
Urbanization and On-the-Go Consumption
Rapid urbanization and changing eating habits are creating a demand for convenient on-the-go beverage solutions. Vending cups perfectly cater to this trend, offering a quick and mess-free way to enjoy a drink.
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Challenges and Considerations
While the market outlook is promising, some challenges remain. The high cost of installing vending machines can hinder market growth, particularly in developing regions. Additionally, competition from cheaper plastic and paper cup alternatives exists.
North America Takes the Lead
The North American market is expected to remain at the forefront, driven by a high density of vending machines and a growing preference for on-the-go beverages. The United States, with its large installed base of vending machines, presents a significant opportunity for vending cup manufacturers.
Asia Pacific: A Rising Star
The Asia Pacific region is anticipated to experience significant growth in vending cups. China and India are expected to be key markets, fueled by the rising adoption of innovative hot beverage vending machines.
The United Kingdom: A Strong Vending Culture
The UK market is expected to hold a notable share in Western Europe. The widespread use of vending machines, with consumers spending billions on refreshment vending annually, creates a robust demand for vending cups.
The United States: A Flourishing Foodservice Industry
The expanding foodservice industry in the US represents a significant growth driver for the vending cup market. With the foodservice industry supplying billions of dollars’ worth of food annually, vending cups play a crucial role in convenient beverage consumption.
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Vending Cups Market Key Segment
By Capacity:
- Less than 7 Oz.
- 7 Oz. to 9 Oz.
- 10 Oz. to 12 Oz.
- More than 12 Oz
By Material Type:
- Plastic
- Polypropylene (PP)
- Polyethylene (PE)
- Polyamide (PA)
- Bioplastics
- Polyethylene Terephthalate (PET)
- Others
- Paper
- Foam
By Product Type:
- With Lid Vending Cups
- Without Lid Vending Cups
By End Use:
- Carbonated Drinks
- Soft Drinks
- Sodas
- Non-carbonated Drinks
- Dairy
- Tea/Coffee
- Juice
By End-user Base:
- Institutional
- Educational Institutions (Schools and Colleges)
- Public Institutions (Govt. Offices & Public Places)
- Private Institutions
- Commercial Users
- Quick Service Restaurants
- Hotels
- Cafes
By Molding Technology:
- Thermoformed
- Injection
By Application:
- Cold Cups
- Hot Cups
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan (APEJ)
- Middle East and Africa (MEA)
- Japan
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
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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