Growing Demand for Precast Concrete in the Construction Industry: Market Trends and Opportunities

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.

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 Market 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.

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

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Thionyl Chloride Market Analysis: Global Industry Outlook and Forecast

According to a latest report by FMI, the global thionyl chloride market is expected to reach a valuation of US$ 688 Million by 2030. Thionyl chloride is used in various end-use industries such as agrochemicals, pharmaceuticals, dyes & pigments, and organic synthesis. Rising adoption of pesticides in developing countries and developments in the pharmaceutical industry are expected to drive the growth of the thionyl chloride market over the forecast period. Heightening concerns related to water treatment are likely to further fuel its growth engine in the near term.

However, a majority of end users of thionyl chloride are facing a massive slowdown due to the coronavirus (COVID-19) pandemic. This is substantially widening the supply-demand gap, and, as such, straining the revenue pool of the thionyl chloride market. Further, China – the epicenter of the pandemic – is characterized by a strong foothold of thionyl chloride manufacturers. The government has enacted large-scale lockdowns, resulting in short-term manufacturing and logistics paralysis.

“Thionyl chloride plays a vital role in manufacturing pharmaceuticals products. The compound is an industrially-produced liquid used to make acyl chlorides and synthesize pharmaceuticals, including drugs and vitamins. Growth of the pharmaceutical industry has a significant impact on the thionyl chloride market.”

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Key Takeaways of Thionyl Chloride Market Study

  • Consumption of thionyl chloride would remain prominent in manufacturing pharmaceuticals. Thionyl chloride is used in the production of a wide range of pharmaceutical products, including isocarbophos, indomethacin, vitamin A, sumicidin, propargite, and tetramisole hydrochloride. Further, manufacturers are targeting the agrochemical industry for relevant returns.
  • Europe holds a prominent share in global thionyl chloride market; East Asia would reflect worthwhile prospects, owing to the presence of key agrarian countries and subsequent advancements in the pharmaceutical industry.
  • Thionyl chloride is also used in the production of lithium thionyl chloride batteries. The adoption of lithium thionyl batteries is increasing, given its benefits such as high voltage, high safety, wide temperature range, low currents, passivation of battery, and its bobbin-like structure.

Market Landscape: Fairly Consolidated

The global thionyl chloride market is fairly consolidated, owing to a limited number of players operating in the market. The top nine players account for around half of the total market revenue. Manufacturers are focusing on strengthening their partnerships with end users and government entities. The market is dominated by Chinese players. Key players such as Lanxess AG, Transpek Industries Ltd., CABB Group, Sigma Aldrich Co. LLC, Shandong Kaisheng New Materials Co. Ltd., Angene International Limited, Jiangxi Selon Industrial Co. Ltd., ChemTik, Aurora Fine Chemicals LLC, and others are focusing on marking their direct presence in local markets.

What Does the Future Hold?

The global thionyl chloride market is expected to grow at a moderate pace over the forecast period on account of increasing application in pharmaceuticals and agrochemicals industries in developing regions. Moreover, increasing use of thionyl chloride in the production of batteries is expected to fuel the growth of the market. Preference for thionyl chloride over other reagents is further anticipated to bolster the market in the foreseeable future. Production of thionyl chloride is preferred by the sulfur trioxide route, and the trend is projected to continue during the forecast period.

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Thionyl Chloride Market Taxonomy

By Grade

  • Technical Grade
  • Pharmaceutical Grade

By Application

  • Agrochemicals
  • Pharmaceuticals
  • Dyes & Pigments
  • Organic Synthesis
  • Batteries
  • Others

By Production Process

  • Sulfur trioxide Route
  • Sulfur dioxide Route
  • Other Routes

By Region

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

About Future Market Insights (FMI)

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

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Growing Pharmaceutical and Food Industries Drive Blow-fill-seal Equipment Market to Exceed US$ 7.7 billion by 2028

The blow-fill-seal equipment market is projected to grow at a compound annual growth rate (CAGR) of 5.9% during the forecast period of 2022 to 2028. The market growth is driven by the rapid expansion and progress of the packaging industry, along with increasing applications in various end-use industries.

The demand for blow-fill-seal equipment, which is used for packaging vials, bottles, prefilled syringes, and ampoules, is expected to be significantly influenced by the growing demand for aseptic packaging in the pharmaceutical industry.

The unique ability of blow-fill-seal equipment to package formulated drugs in a clean, contaminant-free environment without human interaction enhances product safety, leading to increased adoption in the pharmaceutical sector. Additionally, blow-fill-seal equipment finds application in packaging ointments, gels, food products, soft drinks, and milk products, further impacting the global market.

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The pharmaceutical industry holds a major share, accounting for up to 90%, of the global blow-fill-seal equipment market. This dominance is driven by the industry’s demand for aseptic packaging and the high level of automation and minimal production faults provided by blow-fill-seal technology.

The environmentally friendly nature of blow-fill-seal technology, its high automation capabilities, and the ability to reduce batch sizes, improve time-to-market, and minimize API waste contribute to the growth of the blow-fill-seal equipment market, especially in the pharmaceutical sector.

Plastic containers are expected to dominate the market due to the risks associated with using glass vials and syringes. The demand for plastic containers created using blow-fill-seal technology is driven by concerns about glass pieces entering the patient’s body or glass packaging shattering during production or transportation.

In response to packaging restrictions such as delamination and breakage, the pharmaceutical sector is exploring alternative packaging forms, including polymer containers that offer a wide range of designs similar to blow-fill-seal packaging. The acceptance of blow-fill-seal equipment and technologies by regulatory bodies such as the FDA, EMEA, and USP further accelerates the expansion of the global blow-fill-seal equipment market.

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 “The Food and Drug Administration’s (FDA’s) has characterized blow-fill-seal technology as an advanced aseptic processing machine. Government and regulatory bodies’ positive nod to BFS technology in the packaging of liquid products is a critical factor driving the blow-fill-seal equipment market, globally. However, high initial set up cost including operator training, establishing technology-specific quality systems, allocation of validation resources is projected to restrict the sales of blow-fill-seal equipment in the global market”, Lead Analyst, Packaging Industry, Future Market Insights

Competitive Landscape

Leading players operating in global blow-fill-seal equipment market are investing extensively in research and development activities for developing new products to gain competitive edge. They are also collaborating with leading healthcare & pharmaceutical and food & beverage companies to create lucrative revenues.

As per FMI, the BFS equipment market is consolidated with Rommelag, dominating the global market, holding nearly 90% of the market share. In 2021, top 5 companies held over 9% of global market share

For instance,

  • In December 2021, Woodstock Sterile Solutions, a leading blow-fill-seal (BFS) contract development and manufacturing organization, announced a patent for a cold BFS packaging and system process in the U.S. This will help in minimizing the temperature impact on thermally sensitive molecules, such as biologics, throughout the BFS manufacturing process

Key Players:

  • Rommelag Kunststoff- Maschinen Vertriebsgesellschaft GmbH
  • Hunan CHINASUN Pharmaceutical Machinery Co. Ltd.
  • Bosch Packaging Technology GmbH
  • Weiler Engineering Inc.
  • Brevetti Angela S.R.L.
  • Marchesini Group S.p.A.

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Blow-Fill-Seal Equipment Market By Category

Production Capacity:

  • Up to 5,000 containers/hr.
  • 5,000-10,000 containers/hr.
  • Above 10,000 containers/hr.

Product Type:

  • Bottles
  • Ampoules
  • Vials
  • Prefilled Syringes & Injectable

End-Use Industry:

  • Pharmaceuticals
  • Food & Beverage
  • Cosmetics & Personal Care
  • Others

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
  • Middle East & Africa

About Us:

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 Us:

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Automation Advancements Propel Global Palletizers Market to Surpass USD 3.4 billion by 2028

The palletizers market is expected to demonstrate strong growth over the assessment period, with a projected compound annual growth rate (CAGR) of 4.7%. By 2022, the market is estimated to reach USD 2.6 billion.

Palletizers are efficient material handling solutions, and they are anticipated to be the primary driver of market growth from 2022 to 2028, as indicated by Future Market Insights’ market report titled “Palletizers Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2028.”

Developed markets, specifically North America and Western Europe, are expected to account for approximately 40% of the global palletizers market. These regions are characterized by rapid adoption of technological innovations and are considered industrialized areas with advanced industrial sectors. The adoption of palletizers in these regions is expected to gradually grow in the coming years, further driving the market’s expansion.

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As a result, robotic palletizers with cutting-edge technology are in higher demand in this area than the national average. There are numerous palletizer producers alone in these regions. The market for palletizers in North America and Western Europe has been driven by continued advancements in robotic palletizers and end-user sectors that want the highest level of automation, despite the fact that the growth of manufacturing production in these nations has slowed.

Despite being the largest market for robotics and palletizers in the world, China has a lower than average density of industrial robots. The market for palletizers in the country has grown significantly as a result of the proliferation of manufacturing and storage facilities and a huge local production of cost-effective palletizers.

Japan is demonstrated to have characteristics in common with North America and Western Europe, such as a maturing palletizer market share and swift technological uptake. Numerous of the leading robotics firms in the world, including as Fanuc, Kuka, and manufacturers of palletizers, are based in Japan.

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The market volume for global palletizers is expected to expand at 1.6X over the forecast period 2022-2028

Detailed profiles of palletizers companies are also included in the report to evaluate their strategies, key product offerings and recent developments. The key players of the global palletizers market are Premier Tech Chronos Ltd., ABB Ltd., FANUC Corp., Kion Group, Kuka Group, Honeywell International Inc., Okura Yusoki Co., Ltd., Columbia Machine, Inc., Fuji Yusoki Kogyo Co., Ltd. and Concetti S.P.A.

In global palletizers market report, we have discussed individual strategies followed by these companies in terms of enhancing their product portfolio, creating new marketing techniques, mergers and acquisitions. The ‘Competitive Landscape’ section is included to provide report audiences with a dashboard view and company share collectively.

Competitive Landscape

The key manufacturers operating in the palletizers market are trying to focus on innovative product launch, expansion due to the increasing demand from the food, beverage and pharmaceutical sectors.

  • In January 2021, CONCETTI S.p.A. launched a new LAMPO palletizer and expanded its range with a high-speed automatic palletizer. This palletizer reaches up to 1800 bags per hour.
  • On 2 Sep 2021, Quest Industrial launched the new standard version of Box Bot C-2825, a space-saving robotic palletizer to design and produce pallet patterns easily and quickly from bags to boxes.

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Palletizers Market by Category

By machine type, palletizers market is segmented as:

  • Conventional Palletizers
  • Low-level
  • High-level
  • Robotic Palletizers
  • Anthromorphic
  • Gantry

By product type, palletizers market is segmented as:

  • Cases & Boxes
  • Bags & Sacks
  • Pails & Drums
  • Trays & Crates
  • Bundles

By end-user industry, palletizers market is segmented as:

  • Food
  • Beverage
  • Pharmaceutical
  • Cosmetics
  • Chemical
  • Building & Construction
  • Others

By region, palletizers market is segmented as:

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

About Us:

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 Us:

Future Market Insights Inc.

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Rising Emphasis on Sustainable Supply Chain Drives Returnable Plastic Crates Market to Reach USD 2.4 Billion by 2029

The returnable plastic crates market is expected to witness substantial growth in the coming years. Currently valued at USD 1.6 billion in 2022, the market is projected to reach USD 2.4 billion by 2029, representing a compound annual growth rate (CAGR) of 5.6% from 2022 to 2029.

Returnable plastic crates offer several advantages over traditional packaging methods, driving their adoption in various industries. These crates are known for their durability and ability to withstand the challenges of shipping and storage, making them ideal for applications in the food and beverage, automotive, and pharmaceutical sectors.

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One of the key benefits of returnable plastic crates is their lightweight nature, which reduces the environmental impact of logistics and transportation. This aspect aligns with the growing demand for sustainable packaging solutions. Returnable plastic crates are particularly suitable for the food and beverage industry as they can be easily cleaned and sanitized, ensuring the safety and hygiene of the transported goods.

The food and beverage industry represents one of the major end-users of returnable plastic crates. These crates are utilized for transporting and storing a wide range of food products, including fruits, vegetables, meat, dairy products, and more. They are also commonly used in the logistics and transportation of alcoholic beverages such as beer, wine, and soda. In the automotive industry, returnable plastic crates find extensive application in the storage and transportation of car parts and components.

In conclusion, the market for returnable plastic crates is expected to experience significant growth in the coming years. The increasing demand for environmentally friendly packaging options, particularly in the food and beverage industry, is a major driver for the expansion of returnable plastic crates. Companies seeking to enhance their profitability while reducing their environmental footprint should consider returnable plastic crates as a packaging choice.

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Key Takeaways of Returnable Plastic Crates Market Study

  • By material type, high density polyethylene is anticipated to be a key segment in returnable plastic crates market, and is projected to capture more than 65% of the market share during the forecast period.
  • Demand from manufacturers of seafood, meat & poultry, and agriculture products is collectively expected to capture around 75% of the global returnable plastic crates market share, with its absolute growth expected to be more than any other segment.
  • Asia Pacific Excluding Japan is expected to dominate the global returnable plastic crates market, and is expected to witness an impressive CAGR through 2022-2029.
  • Increasing Use of RPCs for Logistics and Transportation of Bulk Materials in North America and Europe

Competitive Landscape

Leading returnable plastic crates manufacturers are committed to the research and development of the product and are consistently offering innovative returnable plastic cratesba solutions targeted towards specific end use.

Companies operating in the returnable plastic crates market are aiming at product launches and expansions with other manufacturers.

  • In November 2021, Craemer has launched large volume 300 litre rotary stacking container which once used can save 70 percent of space until further usage.
  • In November 2021, DS Smith Plc developed a fully recyclable and reusable tray which has features such as two lateral automatic bases.

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Key Players:

  • Brambles Limited
  • Myers Industries Inc.
  • Supreme Industries Limited
  • Schoeller Allibert Services B.V.
  • DS Smith PLC
  • Rehrig Pacific Company Inc.

Returnable Plastic Crates Market By Category

By Capacity :

  • Less than 10 Kg
  • 10 Kg to 20 Kg
  • 21 Kg to 35 Kg
  • 36 Kg to 50 Kg
  • Above 50 Kg

By Product Type :

  • Stackable
  • Nestable
  • Collapsible

By Material :

  • High Density Polyethylene (HDPE)
  • Polypropylene (PP)
  • Others

By Application :

  • Agriculture
  • Grocery
  • Dairy
  • Bakery
  • Seafood & Meat
  • Others

About Us:

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 Us:

Future Market Insights Inc.

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Increasing Demand for Convenient Cleaning Solutions Drives Water Soluble Pods Packaging Market to Exceed US$ 621.6 million by 2028

The global water soluble pods packaging market is expected to experience significant growth in the coming years. In 2022, sales in the market are projected to reach US$ 244.6 million, and by 2028, the market size is estimated to reach US$ 621.6 million, growing at a healthy compound annual growth rate (CAGR) of 16.4%.

One of the key factors driving the market growth is the increasing focus on sustainability and environmental concerns. Water soluble pods packaging offers an eco-friendly solution as these pods are designed to dissolve in water.

This addresses the growing concerns about non-decomposable waste accumulation resulting from excessive plastic usage worldwide. These pods are commonly used in packaging laundry detergents, dishwashers, spa cosmetics, and other similar products.

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The water soluble pods packaging market is also driven by the implementation of stringent regulations by governments worldwide to ban the usage of plastics and prevent pollution. With the rising awareness of the harmful effects of plastic waste on the environment, there is a growing demand for alternative packaging solutions that are biodegradable and environmentally friendly. Water soluble (PVA) films, which are used in water soluble pods packaging, dissolve completely in both cold and hot water without leaving any residue. This feature makes them an attractive choice for detergent manufacturers, leading to their increased adoption as a packaging material.

For instance, Procter & Gamble, a global manufacturer of consumer goods and household products, has witnessed significant sales from their laundry detergent pods named “Tide Pods and Ariel Pods,” generating around US$ 1.5 billion in revenue. This highlights the market potential and the consumer acceptance of water soluble pods packaging.

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Overall, the positive aspects of water soluble pods packaging, including its eco-friendly nature and compliance with environmental regulations, are driving the market’s growth. As sustainability becomes a more significant concern, the demand for alternative packaging solutions like water soluble pods is expected to increase, propelling the market forward.

Key Companies Profiled

  • Aicello Corporation
  • Mitsubishi Chemical Corporation
  • MonoSol, LLC
  • Sekisui Chemical Co., Ltd
  • Plasticos Hidrosolubles
  • Mondi Group Plc
  • Arrow Greentech Limited
  • Cortec Corporation

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Water Soluble Pods Packaging Market by Category

Material Type:

  • Poly Vinyl Alcohol

Product Type:

  • Single Layer Water Pods
  • Dual Layer Water Pods
  • Multi Chamber Water Pods

End Use:

  • Detergents
  • Hand Wash
  • Dish Wash
  • Others (Shaving Creams)

Thickness Type:

  • Below 30 Micro Meter
  • 31-60 Micro Meter
  • 61 Micro Meter Thickness

Region:

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • APEC
  • Japan
  • Middle East & Africa (MEA)

About Us:

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 Us:

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Growing Industrial Applications Propel Global Industrial Pails Market to Surpass US$ 12.1 billion by 2032

The industrial pails market is expected to experience steady growth over the forecast period, driven by various factors. The market is projected to grow at an average compound annual growth rate (CAGR) of 4.6% from 2022 to 2032, reaching a value of US$ 12.1 billion by the end of that year.

One of the key drivers for the growth of the industrial pails market is the increasing demand for bulk packaging solutions with excellent barrier properties across multiple industry verticals. Industrial pails are used in sectors such as chemicals, agriculture, oil and lubricants, food and beverage, and building and construction.

These pails provide secure and reliable packaging, minimizing the risk of leakage during transportation and protecting the contents from external environmental factors. This is particularly important for the chemical sector, where safe transportation is crucial.

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Another factor contributing to the market growth is the rising demand for environmentally friendly bulk packaging options. Industrial pails are considered a sustainable choice for bulk packing, offering effective alternatives to conventional options. As the demand for high-value commodities requiring safe transportation and packaging increases, the market for industrial pails is expected to expand.

Industrial pails are versatile and can be used to pack various product forms, including liquids, granules, and powders. They also find application in the safe transportation of hazardous chemicals. These factors further support the market’s growth prospects over the anticipated timeframe.

Overall, the industrial pails market is expected to witness a steady expansion due to the increasing demand for bulk packaging solutions with exceptional barrier properties, the rising application in various sectors, the need for safe transportation of chemicals, and the growing preference for environmentally friendly packaging options.

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“Rising demand for sustainable, safe, and bulk packaging solutions will propel the market growth of the industrial pails over the forecast period,” says an FMI analyst. 

Key Takeaways:

  • Rising demand for spill-proof packaging solutions to boost market prospects.
  • Germany will likely account for about 20% of the industrial pails market share in Europe.
  • China industrial pails market is anticipated to expand 1.7x its current value.
  • By material, the metal-based chemical resistant buckets will witness a surge in demand.
  • In terms of end use, the chemicals industry coupled with the oil & lubricants sector will account for 2/5th of the market share.

Competitive Landscape

Key players engaged in the manufacturing of industrial pails are trying to focus on expanding their presence, product portfolios, capacities, and resources to meet the growing demand for industrial packaging in various regions. Some of the other key players are adopting mergers and acquisitions, as well as expansion strategies to compete with their rivals.

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Some of the latest industry developments are as follows –

  • In November 2021, Alpla Werke Alwin Lehner GmbH & Co KG expanded its presence in Asia to cater to the growing demand for packaging products, including industrial pails.
  • In April 2021, Mauser Packaging Solutions announced the acquisition of Global Tank Srl, which will help the company to expand its presence in the Europe market for industrial packaging products.

Industrial Pails Market Outlook by Category

By Material:

  • Plastic
  • Metal

By Capacity:

  • Less than 1 Gal
  • 1-3 Gal
  • 4-6 Gal
  • 7-10 Gal
  • Above 10 Gal

By End Use:

  • Chemicals
  • Agriculture
  • Food & Beverage
  • Building & Construction
  • Oil & Lubricants
  • Automotive
  • Others (Mining, etc.)

Key Players:

  • Mauser Packaging Solutions
  • Berry Global Group
  • CL Smith
  • Schoeller Allibert Services B.V.
  • Alpla Werke Alwin Lehner GmbH & Co KG
  • Vestil Manufacturing Corporation
  • IPL, Inc.
  • Wilkinson Containers Ltd.

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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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Exploring the Global Antimicrobial Car Care Products Market: Opportunities and Challenges

Rising prevalence of antimicrobial and antiviral cleaning solutions coupled with adoption of advanced technologies in car care products are projected to shape the growth of antimicrobial car care products market. A new Future Market Insights (FMI) study suggests that the global antimicrobial car care market is set to expand at a robust CAGR of 7.3% during the forecast period of 2022-2030.

The ongoing COVID-19 pandemic is anticipated to have a significant impact on the demand-side trend of antimicrobial car care products in the near future. The pandemic has highlighted the importance of maintaining hygienic and sanitized environments to stay protected from deadly viral infections. This elevated awareness will boost the usage of antimicrobial car care products over the following decade.

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Key Takeaways from Antimicrobial Car Care Products Market Study

  • Awareness among consumers regarding health and hygiene due to increasing cases of nosocomial infections and outbreaks of life threatening diseases is projected to propel the demand for antimicrobial car care products through 2030.
  • Advancements in car care technologies along with innovations such as bio-based, and anti-infectious cleaning solutions are likely to maintain the positive trend of the market.
  • Widespread adoption, easy availability, low cost and product awareness of fabric and surface cleaners make them the most sought-after product type.
  • Expanding passenger car fleet continues to attract significant attention of stakeholders.
  • Strong foothold of automotive industry as well as history of epidemics in the region are driving the antimicrobial car care products market in East Asia.

Antimicrobial Car Care Products Market: Participant Insights

Key manufacturers in the antimicrobial car care products market, like Biocote Ltd, 3M Company, Microban International, Sanitized AG, Biopledge LLC are focused on strengthening their product portfolio and expanding their manufacturing capabilities to keep up with increasing demand in the market.

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Antimicrobial Car Care Products Market Taxonomy

Type

  • Fabric & Surface Cleaners
  • Foam Cleaners
  • Coating Shield

Vehicle Type

  • Passenger Cars
  • Commercial Cars

Sales Channel

  • Online
  • Offline

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • MEA

Know More About Antimicrobial Car Care Products Market

A new market research report published by Future Market Insights (FMI) on the global antimicrobial car care products Market report provides in-depth insights into the market demand trends and assessment of opportunities during the forecast period. The report analyses the antimicrobial car care products market through four different segments- type, vehicle, sales channel, and region. The antimicrobial car care products report also offers detailed analysis of pricing by different type, COVID-19 impact on market growth and projected demand growth over the forecast period.

About Future Market Insights (FMI)

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
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Professional Hair Care Products Market is Projected to Reach a Valuation of US$ 35.47 Billion in 2033

The  professional hair care products market is anticipated to grow at a CAGR of 4.4% between 2023 and 2033. The market is currently valued at US$ 23.06 billion, but it is predicted to grow to Bn by 2022

Consumers are becoming sophisticated in nature which has led to change in buying patterns for personal care products. Thishas led to introduction of customized products sustaining the assorted need of the consumers based on different cultures, hair types, and regions.

Also, rising concerns for hair protection, demand for professional hair care products is expected to increase in the next five to six years. Professional hair care products are predicted to record a growth of around 5% to 6% annually in the near future.

Factors such ashair stylist recommendations, efficacy of the products, and increasing penetration of hair care services are expected to bolster the professional hair care products market growth in near future.

The professional hair care market is expected to witness growth due to factors such as increased consumer spending on personal care products, growing disposable income of consumers in emerging nations, and increasing penetration of hair salon services across the globe.

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In addition, changing hair grooming pattern especially among the male consumers is expected to fuel the market growth. However, high pricing coupled with less availability of professional hair care products across the designed distribution channels are restricting the market growth.

Although, the professional hair care products market has attained a maturity level in developed countries, introduction of highly specialized products in shampoo and hair colorant category is anticipated to enhance the market growth. Also, in developing countries introduction of products addressing issues of consumers related to grey hair, dandruff and hair loss are expected to fuel the market growth.

For instance, in India inclination of consumers towards enhanced hair appearance is a key trend leading to a shift in consumers from conventional products to professional hair care products. Furthermore, increasing product visibility across multi retail outlets aids the market growth during 2015-2020.

The professional hair care products market is segmented on the basis of product type, and distribution channels. The various professional hair care products are broadly classified as conditioners, shampoos, hair colorants, hair serums, hair masks, hair sprays, and others.

Among abovementioned products, the hair colorants category is expected to witness a growth of around 8% to 9% as compared to the other products. The various distribution channels through which the professional hair care products are marketed include spa and salons, web or online shopping stores, supermarkets and hypermarkets, speciality stores, and others.

North America is expected to dominate the market during the forecast period, accounting for more than 30% of the market share by 2020. However, Asia pacific is expected to record highest CAGR as compared to other regions. Changing consumer buying patterns supported by increasing disposable income and spending on personal care products in countries such as India and China is driving the growth of professional hair care products in this region. Furthermore, growth of organizedretail industry is expected to enhance the demand for professional hair care products in MEA.

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Some of the major international players in this market include L’oreal Group, Kao Group, Henkel AG & Co., Aveda Corporation, Procter & Gamble Co., Unilever Group, and PBI Group Inc., among the others. As a strategic move to enhance the product visibility, these companies are focused on increasing product penetration through online retailing, and creating awareness for hair care products through advertisements.

In addition, high promotional activities such as increasing television commercials, value added packages in the hair care products range, and other offers has led to increased purchase of hair care products across the globe.

This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, regions, product type and distribution channels.

The report covers exhaustive analysis on

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

Regional analysis includes

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

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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 and geographies.

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About Future Market Insights, Inc.

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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For Sales Enquiries: sales@futuremarketinsights.com

Exploring the Global Oil & Gas Pipeline Coatings Market: Trends and Forecasts

Witnessing robust expansion over 2022 – 2029, the global market for oil & gas pipeline coatings will reach the revenues worth US$ 6,958.0 Million towards 2029 end. Growing offshore exploration and production activities, stabilizing crude oil prices, rise in cross-country pipeline projects and rehabilitation of existing pipelines are some of the key factors that would majorly account for increasing demand for oil & gas pipeline coatings in the market.

Oil and gas pipelines are a critical component of our modern energy infrastructure, and their reliability and safety are paramount. One key element in ensuring pipeline integrity is the application of pipeline coatings. Pipeline coatings are designed to protect the pipeline from corrosion and other forms of degradation, and to improve the longevity of the pipeline.

There are a variety of pipeline coatings available, including epoxy, polyurethane, and fusion-bonded epoxy (FBE) coatings. These coatings can be applied through various methods, including spray, brush, or roller application, as well as automated systems.

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Oil & gas Pipeline Coatings Market​ Key Takeaways

  • Fusion bonded epoxy (FBE) coatings, attributing to their low coefficient of friction and low permeability, create a tight barrier that prevents permeation of cold and hot liquids. This property would continue to position them as a preferred choice for oil & gas pipeline coatings.
  • The Asia Pacific region, which has more than 10,000 miles of pipeline under construction and further over 9,750 miles of planned pipeline projects, is likely to reflect robust growth opportunities facing players operating in the oil & gas pipeline coatings market.
  • With crude oil prices recovering, investments in the oil & gas industry are projected to rise by 6% between 2017 and 2025. These will fuel exploration & production activities around the world, propelling oil & gas pipeline coatings demand.
  • In the upstream segment, although onshore sector constitutes most of the market share, offshore sector, driven by increasing investments, is estimated to witness robust growth in the oil & gas pipeline coatings market.
  • Stringent regulations pertaining to volatile organic compound (VOC) emissions are anticipated to impede the growth of solvent-based oil & gas pipeline coatings, which are prone to VOC emissions during the drying process.

Pipe laying in deep waters or high operating temperatures, and increasing corrosive properties of flow materials have been driving advancements in pipeline coatings. These advances such as thermal insulation will bring forth a range of new technological frontiers in the pipeline coatings space in the near future.

Market Landscape Moving towards Consolidation

The oil & gas pipeline coatings market is technology driven and remains dominated by a handful of players that possess extensive R&D capabilities. Leading players operating in the global oil & gas pipeline coatings market, Akzo Nobel N.V., PPG INDUSTRIES, Sherwin-Williams Company, Axalta Coating Systems, RPM International Inc., and BASF SE, are focusing on acquisitions of smaller and technology-driven paint & coating manufacturers to build on their product expertise and enhance market positioning.

What Does Future Hold?

Crude oil prices are extremely volatile in nature, affected by growing U.S. oil & gas production, OPEC production cuts, and oversupply of crude oil. Considering the number of pipeline projects in the construction phase and older, existing pipelines in need of reconditioning, the oil & gas pipeline coatings market is projected to witness robust growth during the forecast period.

Interested in Detailed Actionable Insights?

Future Market Insights has published a market research report on the oil & gas pipeline coatings market that contains global industry analysis for 2014–2021 and opportunity assessment for 2022–2029. The report provides insightful analysis of the oil & gas pipeline coatings market through four different segments, namely coating type, formulation base, application, and region. The oil & gas pipeline coatings market report also provides demand trends of different coating types across three industry verticals, a comprehensive list of service providers in the market, various pipeline coating projects around the world along with a detailed overview of the parent market.

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Oil & Gas Pipeline Coatings Markey By Category

By Coating Type:

  • Fusion Bonded Epoxy
  • Polyurethane
  • Coal Tar Enamel
  • Concrete
  • Polyolefin
  • Others

By Formulation Base:

  • Water Based
  • Solvent Based
  • Powder Based

By Application:

  • Upstream
    • Onshore
    • Offshore
  • Midstream
  • Downstream

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com