Gum Rosin Market to Record a CAGR of 4.7%, Valuation to Reach US$ 2,460.2 Million by the end of 2033

The global gum rosin market is expected to witness an average CAGR of 4.7% from 2023 to 2033. The target market in this region will reach a valuation of US$ 2,460.2 million by 2033, rising from an estimated US$ 1,554.2 million in 2023.

Historically, the gum rosin market recorded a sluggish CAGR of 3.6% and reached a value of US$ 1,483.7 million in 2022. Increasing usage of gum rosin in paints, coatings, adhesives, paper, and inks will augur well for the gum rosin market as these products are undergoing a spike in demand.

Gum rosin is a kind of solid resin made from pine chemicals that are sourced from pine trees and various other plants. Also known as colophony, gum rosin is made by heating the fresh liquid resin to vaporize the volatile liquid terpene compounds. It is composed of a mixture of pimaric-type and abietic-type acids with a low amount of neutral compounds. Gum rosin Color’s ranging from yellow to black and has a semi-transparent appearance.

The market for gum rosin is positively influenced by the increasing application of the product in adhesives. An upsurge in preference for natural additives across various industry verticals. Gum rosin also finds application in the automotive and construction sectors as it is used in the paints and coatings used in these industries.

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Other applications of gum rosin include its usage as a glazing agent in chewing gum and medicines, as a dispersant and as emulsification in the synthetic rubber industry will spur the demand for gum rosin in the global market. Again, the high friction-enhancing properties of gum rosin will further swell up the demand for gum rosin in the upcoming years.

Gum rosin contains excellent physical and chemical properties which promote its usage in the manufacturing of adhesives, printing inks, paper sizing agents, solders and fluxes, surface coatings, insulating materials, synthetic rubber, chewing gums, and soaps and detergents. Gum rosin can also be used on bows of violins and other string instruments, dancing shoes, floors, and stages to prevent slipping. All of these considerations, along with others, propel the gum rosin market forward in the international space.

Key Takeaways:

  • Availability of substitutes may hamper the growth prospects for the gum rosin market.
  • Expansion of the adhesives and paints sector will open avenues of growth for the target market.
  • The gum rosin market in China will register a CAGR of 5.3% and create an absolute dollar opportunity of US$ 648.0 million by 2033.
  • Surging residential and commercial infrastructure projects will bolster the gum rosin market in India to grow at a CAGR of 5.7% during the assessment period.
  • By product type, the WW-type segment will account for 38% of the market share in 2023 due to its extensive usage in paper sizing for maintaining textures and colors.
  • In terms of application, the adhesive segment will continue to dominate the market.

Competitive Landscape 

  1. Naval Overseas, Punjab Rosin and Chemicals Works, and Forestar Chemical Co., Ltd., among others, are a few of the key players in the gum rosin market profiled in the full version of the report.

In a highly fragmented environment, prominent market players are concentrating on the acquisition of smaller firms. The development of novel and sustainable products, and increasing research efforts to adopt new technologies for eco-friendlier manufacturing of gum rosin are some of the other strategies adopted by these businesses.

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Gum Rosin Segmentation

By Product Type:

  • WW-Type
  • WG-Type
  • N-Type
  • X-Type
  • Others

By Application:

  • Paper
  • Paints & Coatings
  • Soap
  • Printing Ink
  • Adhesives
  • Rubber
  • Others

By Region:

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

More Insights into Gum Rosin Market 

FMI offers the latest, unbiased, and detailed analysis of the global gum rosin market, providing historical data from 2017 to 2022 and forecast statistics for 2023 to 2033. To understand the global market potential, growth, and scope, the market is segmented based on product type, application, and region.

According to the reports, based on segmentation, the WW-type of gum rosin will remain popular in the global market due to its rising usage in paper sizing. Based on application, the adhesive category will continue to dominate the market with a share of 28%. Rising demand for adhesives from the automotive sector will push the segment to expand at a CAGR of 5.9% between 2023 and 2033.

Based on region, the gum rosin market in India will exhibit impressive growth during this period. The target market in this country will grow at a CAGR of 5.7%. Factors like the elevated application of gum rosin in adhesives and its consequent usage in residential and commercial infrastructure projects will foster the growth of the market in India. Besides India, China too will present notable growth in the gum rosin market. Thus, India and China will significantly contribute to the growth of the gum rosin market during the projection period.

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Key Drivers of the Industrial Pipe Insulation Materials Market: A Comprehensive Analysis

As predicted by Future Market Insights through a recently published research report, the global revenue of industrial pipe insulation material market is likely to reach a valuation of over US$ 1,800 Mn by the end of 2028. The market expansion over 2022-2028 has been estimated at a CAGR of 4.1%.

Growing focus on reduced energy conservation and greenhouse gas emission, coupled with multiple government initiatives promoting energy efficiency and sustainable development through advanced insulation technologies, is expected to favor the growth of global industrial pipe insulation material market. Use of recycled insulation materials is trending the market at present, owing to rising environmental concerns. A majority of manufacturers are focusing on using sustainable materials such as polyurethane foam and fiberglass.

With growing awareness about the advantages offered by mechanical insulation in recent years, resulting in increasing adoption by industries worldwide. Industrial pipe insulation constitutes a crucial part of the mechanical insulation industry, which is also witnessing steady growth since recent past.

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Industrial pipe insulation market includes pipe insulation adopted by process industries, refineries, thermal power plants, refrigeration and HVAC applications, and food processing units. Growth of industrial activity strongly impacts the demand for pipe insulation materials worldwide, as insulation systems play a critical role in safeguarding system’s performance in various end-use spheres. Furthermore, increasing energy cost also proves to be an important factor impacting the growth of industrial pipe insulation material market.

Energy conservation equates to reduced energy costs, which in some cases amounts to several hundred dollars (in savings) per annum. As a result, insulation is expected to become even more significant, resulting in higher adoption by a number of industries, including oil & gas, energy generation, chemical, and food & beverages, among others.

Stringent Regulations to Boost North American and European Markets

North America is expected to attain a value in excess of US$ 400 Mn by the end of 2028, prominently due to increasing implementation of stern regulations across industries. Moreover, bolstering demand from European region is anticipated to be driven by growing need for insulation systems specifically designed for the cold weather of the region. Whereas, China’s rampant industrial growth will continue to enable the region to significantly contribute to the global market growth.

Upsurge in Material Innovation & Increase in Old Pipe Replacement to Create Lucrative Opportunities

Surge in replacement of aged pipes, in addition to growing innovation in materials used in insulation of industrial pipes, will reportedly create attractive opportunities for manufacturers in near future. Lack of proper insulation leads to significant energy loss, eventually resulting in additional costs to businesses. The amount of energy lost through improperly insulated pipes can be 10x the energy that can be potentially delivered through them. Moreover, unchecked damages in aged pipelines lead to leakages, resulting in loss of materials.

Also, decoration of pipe insulation along with pipes contributes to an increase in energy loss, further contributing to environmental pollution. Manufacturers are focusing on the development of anti-corrosive and anti-abrasion materials, sustainable and eco-friendly materials, and energy saving and cost effective materials.

Moreover, companies are expected to introduce various insulation materials, which can offer thermal resistance, prevent pinhole leaks, reduce carbon footprint, provide UV resistance, and protect against fungal infections.

Manufacturers are foreseen to target high-potential markets such as Asia Pacific, and strengthen their foothold in regions such as Europe and North America.

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Industrial Pipe Insulation Materials Market by Category

By Material Type:

  • Fiberglass
  • Mineral Wool
  • Cellular Glass
  • Polyurethane
  • Polystyrene
  • Others

By Application:

  • Prefabricated
  • Rolla & Batts
  • Spray

By End Use:

  • Chemicals
  • Food & Beverages
  • Oil & Gas
  • Power
  • Metal Manufacturing
  • Other Industrial

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South East Asia & Pacific
  • China
  • Japan
  • Middle East & Africa (MEA)

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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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Structural Adhesives Market Size & Forecast to 2033 | Top Players Henkel AG & Co. KGaA, Dow, 3M, H. B. Fuller Company

The Structural Adhesives Market Size is projected to be valued at US$ 12.3 Bn in 2023 and is expected to rise to US$ 21.3 Bn by 2033. The sales of structural adhesives are expected to grow at a significant CAGR of 5.6% during the forecast period.

The growing adoption of structural adhesives in the automotive sector for various end-use applications, as well as technological advancements in the production of adhesive products, is a major factor driving the growth of the global structural adhesives market.

Furthermore, rising demand for structural adhesives in the construction sector for applications such as kitchen interiors, roofing, window panels, and wall coverings is propelling the global structural adhesives market forward.

Rising government infrastructure and redevelopment projects, particularly in emerging economies, are expected to drive growth in the global structural adhesives market during the forecast period.

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Key Takeaways from the Structural Adhesives Market

  • The segment for polyurethanes is anticipated to experience the highest CAGR growth of 5.1% during the forecast period. The growth is attributed towards its uses in various end user industries.
  • With a revenue share of over 25.0% in 2021, the building and construction sector had the greatest revenue share. Construction expenditures are predicted to rise as a result of economic development and population growth.
  • The Asia Pacific area had the largest percentage of almost 30% in terms of revenue in 2021. Its expansion is due to a surge in construction activity in countries including China, India, Japan, South Korea, and Indonesia.
  • U.S. will generate revenue of USD 4.2 Bn by 2033 due to the rise in construction and building maintenance activity.
  • About 35 to 40 percent of the demand is met by the top 6 to 8 companies. Small and medium-sized firms, which are gradually dispersing across the regions, collectively account for the remaining 60% of the market.
  • In terms of revenue share in 2021, Europe came in second. The construction industry is a significant contributor to the region’s GDP, accounting for around 9% of total product demand in this area.

Competitive Landscape

The presence of a sizable number of local and international companies across geographies is what distinguishes the fragmented global structural adhesive market. Important participants include 3M, Sika, Henkel, H.B. Fuller, and Arkema (Bostik).

The majority of major players are attempting to grow their businesses through lucrative alliances, acquisitions of small or mid-sized active vendors, or the acquisition of a specific adhesive sector to increase their footprint across the globe.

  • Arkema completed the acquisition of Ashland’s Performance Adhesives division in February 2022. Structural adhesives are among the products available under this division. The acquisition was worth USD 1.65 billion. The acquisition supported Arkema’s strategy to become a pure speciality material provider by 2024 and strengthened the company’s Adhesive Solutions division.
  • DuPont said in May 2021 that it will increase the output of its high-performance automobile adhesives at its manufacturing facilities in Germany and Switzerland by investing USD 5 million in capital and operating resources. This facility is planned to advance the production of the company’s goods, including BETAFORCE TC, BETATECH, BETAMETA, and BETASEAL.

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Key Segments in the Structural Adhesives Market

Structural Adhesives Market by Product Type:

  • Epoxy-based Structural Adhesives
    • One Component
    • Two Component
  • Acrylic-based Structural Adhesives
  • Polyurethane-based Structural Adhesives
  • Cyanoacrylates
  • Others

Structural Adhesives Market by Application:

  • Structural Adhesives for Transportation Sector
    • Structural Adhesives for Automotive Sector
    • Structural Adhesives for Aerospace Sector
    • Structural Adhesives for Marine Sector
  • Structural Adhesives for Building & Construction Sector
  • Structural Adhesives for Energy Sector
  • Others

By Region:

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

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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Garbage Bags Market: The Future of Sustainable Waste Management by 2032

The global garbage bags market is projected to have a moderate-paced CAGR of 5.8% during the forecast period. The current valuation of the market is US$ 8.1 Billion in 2022. The market value of the garbage bags market is anticipated to reach a high of US$ 13.6 Billion by the year 2032.

Introduction-

Garbage Bags Market is an indispensable part of the global waste management industry. The demand for Garbage Bags has been increasing rapidly, mainly due to the rise in urbanization and industrialization. With the rapid increase in population, waste generation has also increased, leading to the need for more efficient waste management solutions. Garbage bags play a crucial role in waste management, providing a convenient and hygienic way of disposing of waste.

Driven by the increasing waste generation the demand for garbage bags is expected to rise. Rising need for effective waste disposal right from households to commercial places is anticipated to boost the growth of garbage bags market in the years to come.

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Terdex GmbH, Novplasta, S.R.O, Extrapack Ltd., Dagoplast AS, International Plastic, Inc., MirPack TM, Pack-It BV, Achaika Plastic S.A, Plasta.It and Primax D.o.o. are prominent players in the garbage bags market. The garbage bags market is fragmented and the Tier 1 players in the market hold 15–20% share in the global garbage bags market.

As per the data by worldbank.org, the world generates 2.01 billion tons of municipal solid waste per annum, out of which 33% of waste is not managed in an environmentally safe manner. Waste generated per person every day is averaged at 0.7 kilogram but ranges from 0.1 to 4.5 kilograms every day.

Poorly managed waste is leading to landslides of waste dumps and is contaminating world’s ocean and land leading to clogged drains and flooding. Moreover, improper waste disposal is a threatening concern for human health as it transmits diseases and increases respiratory problems. These concerns have made hygiene practices such as proper disposal of waste increasingly crucial.

Besides this, expansion of service sector will continue aiding the expansion of the market. FMI has forecast the services segment to account for nearly 1/4th of the market by the end of 2031.

Key Takeaways Of Garbage Bags Market Study-

  • Recovery will be slow and steady as garbage bags market expected to register 0.1% Y-o-Y growth in 2021

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“With focus on sustainability rising, most companies are expected to shift away from plastic to eco-friendlier materials. An increasing number of companies are likely to offer recyclable solutions to keep pace with changes in consumer behaviour and preference” says an FMI analyst.

Market Drivers-

The following are some of the primary drivers behind the growth of the Garbage Bags Market:

  • Increase in waste generation due to the rise in population and urbanization
  • Growing awareness of environmental concerns and the need for sustainable waste management solutions
  • Increase in industrialization and commercialization
  • Technological advancements in the production of garbage bags

Market Challenges-

Despite the growth potential, the Garbage Bags Market faces several challenges that hinder its growth. Some of the significant challenges are:

  • Lack of awareness about the benefits of eco-friendly garbage bags
  • Availability of low-cost alternatives
  • Strict regulations on the use of plastic materials

Key Segments in the Garbage Bags Market

By Material Type:

  • Polyethylene
  • Polypropylene (PP)
  • Others

By Capacity:

  • EPS
  • PUR
  • VIP
  • PCM
  • Others

By End-use:

  • Services
  • Healthcare
  • Industrial Product & Construction
  • Retail
  • Hospitality
  • Other

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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.

Contact:

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Thermal Insulation Packaging Market Expected to reach US$ 247.1 Billion by 2030: Trends, Growth, and Forecast

The global thermal insulation packaging market is expected to grow at a substantial rate with a robust CAGR of around 17.2% between 2022 and 2030. The global market is expected to reach US$ 247.1 Billion by the year 2030.

What is Thermal Insulation Packaging?

Thermal insulation packaging is a type of packaging that helps maintain the temperature of the contents inside the package. This packaging technology is essential for temperature-sensitive products such as food, pharmaceuticals, and chemicals. The packaging is designed to keep the temperature stable, even in extreme conditions, by providing a barrier that prevents heat transfer.

Surging focus on the safety of food and pharmaceuticals is gaining traction over recent years, along with favorable government regulations combined with recent changes in trends have resulted in higher demand for safe packaging to assure the quality of products. With regulatory changes, businesses have prepared themselves for regulatory expansion. Technological advancements in thermal insulation packaging solutions are expected to enable accurate tracking of logistics and improve data management. These aforementioned factors are expected to bolster growth in the global thermal insulation packaging market.

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Competitive Landscape

Prominent companies operating in the thermal insulation packaging market are focusing on strategic collaborations with technology partners. Surging investments in technology including cloud computing and IoT solutions are expected to aid the thermal insulation packaging market in multiple ways.   Such technological improvements in the market promise better control, visibility, and accountability for thermal insulation packaging solutions.

The key players Are:

Emball’ISO, Sonoco ThermoSafe, Pelican Products, Inc., Cold Chain Technologies, Inc., Sofrigam SAS, CSafe Global, LLC, Insulated Products Corporation, Cryopak Industries Inc., Snyder Industries, Inc., va-Q-tec AG, Inmark LLC, DGP Intelsius Ltd., Softbox Systems Ltd., Envirotainer Ab, Aeris Dynamics Pte Ltd., Global Cold Chain Solutions, Thermo Fisher Scientific, Inc, Helmer Scientific Inc., Global Cooling, Inc., PHC Holdings Corporation, BINDER GmbH, Esco Micro Pte Ltd., Labcold Ltd., ARCTIKO A/

Key Takeaways

  • Data loggers combined with temperature sensors and USB connection points are gaining massive popularity and are becoming very common and cheap to include. These label-like loggers easily get fixed to the packaging, continuously track temperature conditions, and provide a full summary of time and temperature data. In addition to that, battery-powered data loggers can include the latest technologies such as RFID, Wi-Fi, and GPS, and can provide real-time information regarding temperature fluctuations.
  • Due to a surging increase in the demand for temperature-sensitive products, it has drawn regulatory attention. Now regulatory bodies are emphasizing ensuring that the food and pharmaceutical products are complying with the norms and have been kept within approved temperature ranges during transit. Strict regulations and high visibility across the supply chain have grown temperature-sensitive products which make temperature monitoring a must for pharmaceutical and food manufacturers.
  • Several manufacturers are leveraging this opportunity to build efficient proactive strategies which assist them to identify excursions and send replacements to minimize delays. Moreover, serialization requirements for biopharma products have intensified the demand for in-depth know-how of the temperature of products in transit.
  • As per the recent market trends, thermal insulation packaging solutions offer a rapid expansion of their rental businesses and are comparatively less focused on fresh sales of their products. Attributed to the higher costs of shippers and insulated containers coupled with environmental concerns associated with their disposal, buying these still remains an uneconomical and non-ecological solution for most end users.

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According to FMI estimations, the global thermal insulation packaging market is projected to see a significant hike post-pandemic owing to the increased demand for thermal insulation packaging solutions in the pharmaceutical industry, predominantly for medical products including testing kits, vaccine distribution, and the development of drugs to treat infections. The development of drugs in order to treat patients increases the urgency for more reliable thermal insulation packaging systems as temperature control determines the stability and quality of the drugs.

Factors Driving the Thermal Insulation Packaging Market

Several factors are driving the growth of the thermal insulation packaging market, including:

  • Increased Demand for Packaged Food and Beverages- The increasing demand for packaged food and beverages is driving the growth of the thermal insulation packaging market. With the changing lifestyle and eating habits, people are increasingly opting for ready-to-eat and packaged food products. Thermal insulation packaging helps to maintain the freshness and quality of these products, making them more appealing to consumers.
  • Growing Pharmaceutical Industry- The pharmaceutical industry is another key driver of the thermal insulation packaging market. With the increasing demand for temperature-sensitive drugs and vaccines, the need for effective thermal insulation packaging solutions has become essential. Thermal insulation packaging helps to maintain the efficacy of these drugs, ensuring their safe and effective delivery to patients.
  • Eco-Friendly and Sustainable Packaging Solutions- The increasing focus on environmental sustainability is driving the demand for eco-friendly and sustainable packaging solutions. Thermal insulation packaging made from recyclable materials and designed for reuse is gaining popularity among consumers and businesses alike.

Key Segments Covered in Thermal Insulation Packaging Industry Research

Packaging Type

  • Passive Packaging
    • Single Use or One Way use Packaging
    • Multiple Use or re-usable Packaging
  • Active Packaging
    • Reefer trucks and Containers
    • Active Pallet Containers
  • Cold Storage
    • Refrigerators
    • Freezers

Insulation Material

  • EPS
  • PUR
  • VIP
  • PCM
  • Others

Temperature Range

  • Less than -40°C
  • -20 to -40°C
  • -1 to -20°C
  •  0 to 10°C
  • 10 to 25 °C

Application

  • Food and Beverage
  • Pharmaceuticals
    • Vaccines
    • Blood Banking
    • Others
  • Others

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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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Africa Automotive Refinish Coatings Market: Growth Drivers, Restraints, and Opportunities

According to Future Market Insights (FMI), Africa’s automotive refinish coatings market size is forecast to reach US$ 108.9 million in 2023. Total sales of automotive refinish coatings across Africa are slated to rise at 4.3% CAGR from 2023 and 2033, generating a market valuation of US$ 165.5 million by the end of 2033.

The booming automotive industry and increasing spending on maintaining the aesthetic appearance of vehicles are key factors driving the Africa automotive refinish coatings market. In recent years, an increase in the per capita income of people has led to a surge in the sales of passenger cars, especially luxury and executive cars.

Vehicle owners, today, focus on the maintenance of their vehicles, which has led to increased investments in the insurance of vehicles covering refinish coatings and repair costs, etc. People are refurbishing their old cars, which is creating enormous demand for automotive refinish coatings across African countries and the trend is expected to continue during the projection period.

Government initiatives to encourage the adoption of electric vehicles is also contributing to the expansion of the automotive refinish coatings market in Africa. FMI predicts electric vehicle sales to increase rapidly across African countries such as South Africa and Egypt due to growing pollution levels and rising fuel prices. This in turn will create lucrative growth opportunities for automotive refinish coating manufacturers.

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Further, increasing number of commercial and passenger vehicles, increased awareness regarding the maintenance of cars, and development of sustainable and eco-friendly coatings will bode well for the Africa refinish coatings industry.

“Consistently growing demand from the automotive industry, particularly in countries such as Egypt and South Africa, will continue to boost Africa’s automotive refinish coating market during the next ten years,”said an analyst at FMI.

Key Takeaways from Africa Automotive Refinish Coatings Market Study

  • Automotive refinish coating demand across Africa is estimated to surge at 4.3% CAGR through 2033.
  • By technology, water borne segment is likely to create an incremental $ opportunity of about US$ 21.6 million during the forecast period of 2023 and 2033.
  • Based on material type, acrylic segment is expected to witness steady growth during the next ten years.
  • South Africa and Egypt are expected to collectively hold around 62.5% of the overall market share.
  • South Africa is a prominent consumer of automotive refinish coatings with an estimated volume of 18,603.1 tons of automotive refinish coatings.

Who is Winning?

New product launches, facility expansions, partnerships, acquisitions, and collaborations are few of the key strategies adopted by automotive refinish coating manufacturers across Africa.

Top companies listed in the report include Nippon Paint Holdings Co., Guangzhou Zhenroumei Chemical Coating Limited, AkzoNobel N.V., James Briggs Limited, Axalta Coating Systems TOA Performance Coating Corporation CO., Ltd., Kansai Paint Co., Ltd., The Sherwin-Williams Company, The Lubrizol Corporation, HMG Paints Ltd., The Dow Chemical Company, Ltd., PPG Industries, Inc., KAPCI Coatings, 3M Company, NOVOL Sp. Z o.o., Sheboygan Paint Company, Cresta Paint Industries Ltd., NOROO Paint, and Coatings Co., Ltd., Reichhold LLC, Yashm Paint and Resin Industries, Allnex Group, and Covestro AG among others.

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Africa Automotive Refinish Coatings Market Segmentation

By Material Type:

  • Polyurethane
  • Acrylics
  • Alkyd
  • Nitrocellulose

By Product Type:

  • Commercial Tents
  • Primer
  • Base Coat
  • Top Coat
  • Clear Coat
  • Fillers

By Technology:

  • Solvent Borne
  • Water Borne
  • UV Care

By Vehicle Type:

  • Passenger Cars
  • Commercial Vehicles

End Use:

  • OEM
  • Aftermarket

By Countries:

  • Egypt
  • South Africa
  • Algeria
  • Morocco
  • Kenya
  • Ethiopia
  • Ghana
  • Nigeria
  • Tunisia
  • Democratic Republic of Congo
  • Uganda
  • Liberia
  • Rest of 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.
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Sodium Metabisulphite Market: Opportunities, Challenges, and Future Prospects

Market projections reveal revenue from the sales of sodium metabisulphite to reach a value of US$ 266.5 Million by 2028, up from an estimated US$ 192.7 Million by 2022 end. This is reflective of a CAGR of 5.3% during the aforesaid timeline. A new decadal study presented by top research firm Future Market Insights studies the demand patterns, trends, and growth scenario of the global sodium metabisulphite market during the period 2022 – 2028.

The report focuses on the key applications of sodium metabisulphite across different end-use industries and throws light on the various factors impacting growth in sales of sodium metabisulphite during the period of study. Food & Beverages Industry to Project Sustained Demand for Sodium Metabisulphite; Mining to Emerge Lucrative End-use Sector in the Coming Years

Sodium metabisulphite is predominantly used in the food and beverages industry as a preservative in dried food products and to enhance the shelf life of fruit juices. However, Future Market Insights predicts demand for industrial grade sodium metabisulphite from the mining and water treatment sectors to surge in the near future. In the mining industry, sodium metabisulphite finds application as a reducing agent to remove cyanide. Sodium metabisulphite is also used in water treatment as an anti-chlor agent to remove chlorine and heavy metals from water prior to releasing it into natural sources.

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The textile industry utilises sodium metabisulphite as a bleach to brighten fabric and remove stains and it is also used in the paper and pulp industry as a bleaching agent. These wide applications of sodium metabisulphite have boosted demand across industries, upping revenue in the global market for sodium metabisulphite as a result.

Revenue from the Sales of Sodium Metabisulphite to Receive a Fillip Owing to Burgeoning Demand Across Industries

An increasing demand from the food and beverages industry is a key revenue growth driver for the global sodium metabisulphite market. Besides application as a preservative and to improve product shelf life, sodium metabisulphite is used as a dough softener in bakery products. Sodium metabisulphite finds application in the mining industry for cyanide detoxification in gold mining and also as a source of sulphur dioxide for the destruction of cyanide in the process of commercial gold cyanidation.

Over the years, several stringent laws have been imposed on gold extraction plants to completely eliminate cyanide and metal cyanide complexes before final discharge into the environment. This has increased the adoption of sodium metabisulphite in the mining industry.

As an anti-chlor agent, sodium metabisulphite removes chlorine from water and is extensively used in municipal and industrial water treatment facilities. With declining availability of fresh sources of water, rising levels of water pollution, and climatic changes, governments and global environment protection associations have implemented stringent regulations to conserve existing water resources and reduce water pollution. This has led to an increase in demand for sodium metabisulphite used in the chemical processing of water.

Key Companies Profiled

  • Ak Kim Kimya Sanayi Ve Ticaret Anonim Sirketi
  • Aditya Birla Chemicals
  • BASF SE
  • Qingdao Tianya Chemical Co., Ltd
  • Yuanye Chemical Co., Ltd
  • Ineos Calabrian Corporation
  • Esseco Group S.r.l.
  • Grillo-Werke Aktiengesellschaft
  • Shandong Kailong Chemical Technology Development Co., Ltd.
  • Shanghai Jiading Malu Chemical Co., Ltd.

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Sodium Metabisulphite Industry by Category

By Grade:

  • Food Grade
  • Industrial/Technical Grade

By Application:

  • Preservative
  • Floating Agent
  • Bleaching Agent
  • Anticlor Agent
  • Chemical synthesis
  • OthersChemical Intermediates
  • Sealents

By End Use Industry:

  • Food and Beverage Industry
  • Photography and Film
  • Water Treatment
  • Mining
  • Textile
  • Paper and Pulp
  • Chemical
  • Others

By Region:

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • SEA and Pacific
  • China
  • Japan
  • Middle East & Africa

Manufacturers of Sodium Metabisulphite to Expand Production Capacity to Meet Rising Demand from End-use Industries

Rapidly growing demand from the mining and water treatment industries has pushed manufacturers of sodium metabisulphite to increase their production capacity to meet product requirements from multiple industries. A key trend being observed in the global sodium metabisulphite market is the increase in dependence on imports from China.

China is the leading producer and consumer of sodium metabisulphite given the easy availability of raw material in the country and presence of a large number of local manufacturers of sodium metabisulphite. Companies functional in the global sodium metabisulphite market find it convenient to import sodium metabisulphite at reduced prices from Chinese manufacturers. This is further expected to boost revenue growth in the global sodium metabisulphite market in the near future.

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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Vaccine Packaging Market(2022-2030): The Key to Safeguarding the Efficacy of Vaccines

The global vaccine packaging market is estimated at US$ 1.3 Bn in 2022 and is projected to reach US$ 3.5 Bn by 2030, at a CAGR of 13.2% from 2022 to 2030.

Introduction: A Brief Overview of the Vaccine Packaging Market

The Vaccine Packaging Market has been growing rapidly in recent years due to the increased demand for vaccines globally. The market comprises various types of packaging materials, including glass, plastic, and metal, among others. The primary objective of vaccine packaging is to ensure the safety and efficacy of vaccines by protecting them from contamination, maintaining their stability during transportation and storage, and providing the necessary information about the vaccine to healthcare providers and patients.

The Growing Demand for Vaccines: A Key Driver of the Vaccine Packaging Market

The Vaccine Packaging Market is witnessing significant growth due to the increased demand for vaccines globally. The global vaccination campaign against COVID-19 has further fueled this growth. The rising incidence of infectious diseases, the increasing focus on preventive healthcare, and the expansion of the healthcare industry are other factors driving the growth of the Vaccine Packaging Market.

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Vaccine Packaging Market: Competitive Analysis

The latest study by FMI presents a detailed view of the market players operating in the Vaccine Packaging market. With an in-depth analysis of the positioning of prominent players as well as the players emerging in the industry, the FMI offers a detailed SWOT analysis for the market players over the forecast period.

Key players profiled by FMI in the Vaccine Packaging market include:

  • Gerresheimer AG
  • West Pharmaceutical Services, Inc.
  • Becton, Dickinson & Company
  • SCHOTT AG
  • SGD S.A.
  • Catalent, Inc
  • Stevanato Group
  • Nipro Corporation
  • Piramal Glass Private Limited
  • UDG Healthcare plc

Innovations and Technological Advancements are Key Factors Driving the Vaccine Packaging Market

The Vaccine Packaging Market is witnessing several innovations and technological advancements aimed at improving the safety and efficacy of vaccines. For instance, there has been a shift towards the use of prefilled syringes, which eliminate the need for healthcare providers to draw the vaccine from a vial, reducing the risk of contamination. Other innovations include the use of RFID tags and sensors in vaccine packaging to monitor temperature and location during transportation and storage.

Important Questions Answered in the Vaccine Packaging Market Report

  • Which end user is expected to create lucrative growth opportunities for the global Vaccine Packaging market?
  • How is the Vaccine Packaging market likely to evolve in the upcoming years?
  • What are the upcoming trends and opportunities likely to prevail in the Vaccine Packaging market in the future?
  • What innovative strategies are adopted by Vaccine Packaging market players to stay ahead of the pack?
  • Which region is expected to be the most lucrative region for the Vaccine Packaging market?
  • What are the restraints affecting the growth of the global Vaccine Packaging market?

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Vaccine Packaging Market: Segmentation

The detailed analysis covered in FMI’s Vaccine Packaging market report has been classified into key segments and sub-segments.

Packaging Type

  • Vials
  • Prefilled Syringes
  • Ampoules
  • Bags and Pouches

Material

  • Plastic
  • Glass
  • Polystyrene
  • Others (Metallic Films)

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Significant Contributions to the Report

  • Growth Drivers and Opportunities: Comprehensive analysis of growth-driving factors and opportunities for market players in different regional markets
  • Recent Trends and Forecasts: Detailed assessment of the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
  • Segmental Analysis: Extensive research on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
  • Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with the necessary information to take critical decisions

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce, and is headquartered in Delaware, USA. A recipient of the Clutch Leaders Award 2022 on account of a high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Zinc Chloride Market Analysis: Growth Factors and Opportunities

Zinc chloride is an inorganic compound with the chemical formula ZnCl2. It is a white crystalline solid that is highly soluble in water, ethanol, and acetone. Zinc chloride has many industrial applications, including as a catalyst, a preservative, a deodorant, and in the production of zinc plating, textiles, and batteries.

One of the most common uses of zinc chloride is in the production of galvanized steel, which is steel coated with a layer of zinc to protect it from corrosion. Zinc chloride is also used in the production of dry cell batteries, as it can help improve the electrical conductivity of the battery. Additionally, it is used as a flux in soldering, brazing, and welding applications.

Zinc chloride can be hazardous if not handled properly. It is corrosive and can cause skin and eye irritation upon contact. Ingestion of zinc chloride can cause nausea, vomiting, and diarrhea. Therefore, it is important to handle this compound with care and to follow proper safety precautions when working with it.

Future Market Insights delivers key insights on the global zinc chloride market in its latest report titled ‘Zinc Chloride market: Global Industry Analysis 2017-2021 and Opportunity Assessment, 2022-2028.’ The long-term outlook of the global zinc chloride market remains positive and its market value is expected to increase at a CAGR of 4.8% during the forecast period (2022 – 2028).

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Zinc chloride or ZnCl2 is a deliquescent salt, which is white in color and forms acidic solutions in polar organic solvents such as ether, acetone, water and ethanol. Zinc chloride is hygroscopic in nature and thus, must be kept away from water vapors and moisture sources. By adding zinc chloride and acetone, a neutral solution of zinc chloride is prepared.

Increasing demand for zinc chloride from chemical and textile industries can be attributed to the growth in usage in these industries. Other than this, zinc chloride also finds a number of other applications in various end-use industries such as in galvanizing, tinning of fluxes and soldering. It can also be used as an odor controller, due to which its demand is increasing in the market. The reaction of sulfide with zinc chloride minimizes the release of H2S gas in waste water treatment facilities, thereby aiding in odor control. Zinc chloride is used in the rubber industry for the vulcanization of rubber. That apart, dissolution of cellulosic fibers in scrap is done with the help of zinc chloride. Zinc chloride is also used for various other applications such as textile finishing, liquid fertilizers, organic synthesis, dry cell batteries and wood preservatives, among others.

However, the global zinc chloride market is projected to face numerous challenges as zinc chloride is toxic in nature and can cause skin & eye burns. Zinc chloride and water, on contact with eyes, can cause permanent damage. Such factors are further expected to hamper the growth of the zinc chloride market.

One of the recent trends observed in the global zinc chloride market includes the use of zinc chloride as a catalyst in the automotive industry.

Segmentation Analysis

  • On the basis of grade type, the high purity grade segment is projected to remain dominant throughout the forecast period with a share of ~43.6% by the end 2018
  • On the basis of application type, the global zinc chloride market is projected to be dominated by the dry cell batteries segment, which is expected to register a CAGR of 4.5% over the forecast period. However, the catalyst segment is expected to witness a higher growth rate
  • On the basis of end use, the use of zinc chloride in the chemical industry is projected to remain the relatively larger end use segment; however, other applications such agriculture and electronics are expected to expand at relatively moderate growth rates

Regional Analysis

From a regional perspective, China is projected to dominate the global zinc chloride market throughout the forecast period. The region is a production base for a number of global manufacturers and also, exports to Asian and other countries. North America also holds a significant share of ~20% in the global zinc chloride market with the U.S. representing the major market demand. India is projected to be a higher growth country with significant growth opportunities in the latter half of the forecast period. ASEAN, Poland, Brazil and other countries are majorly dependent on the import of zinc chloride from the U.S., China and Europe. Therefore, a number of manufacturers are planning to strategically invest in expanding their sales and production footprint in the region. Latin America and MEA are projected to remain low volume – high growth regions over the forecast period.

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Vendor Insights

The report highlights some of the top companies operating in the global zinc chloride market such Zaclon LLC, Flaurea Chemicals, Vijaychem Industries, FInOrIC, American Elements, Pan-Continental Chemical Co., Global Chemical Co. Ltd., TIB Chemicals, S.A. Lipmes, Haihua Industry and Yanggu Zhongtian Zinc Industry Co. Ltd., among others.

Zinc Chloride Market by Category

By Grade:

  • High Purity Grade
  • Battery Grade
  • Technical Grade
  • Commercial Grade

By Application:

  • Dry Cell Batteries
  • Water Treatment
  • Catalyst
  • Others

By End Use:

  • Electronics
  • Chemical
  • Agriculture
  • Pharmaceutical
  • Others

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.
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Bioceramics and Hydroxyapatite Market Size to Reach US$ 4.4 Billion by 2028 | CAGR of 6.9%

The market for bioceramics and hydroxyapatite market is anticipated to continue to grow at a 6.9% CAGR over the course of the forecast period, with a strong long-term outlook (2022-2028). The aluminium oxide segment is anticipated to maintain its dominance and represent approximately 45% of the worldwide bioceramics and hydroxyapatite market. Due to improved characteristics including high mechanical strength and biocompatibility, hydroxyapatite, a bio-inert ceramic with these qualities, will continue to be a favoured component in the manufacturing of orthopaedic implants. Zirconia-based bioceramics are also widely utilised for dental implants, and it is anticipated that they will continue to represent a lucrative market niche in the overall bioceramics and hydroxyapatite market.

Healthcare organizations like to invest in hydroxyapatite since it interacts with the body’s living tissues to provide efficient solutions for bone formation. The scope of market growth for the worldwide bioceramics and hydroxyapatite market has been expanded due to the increasing use of hydroxyapatite in the healthcare sector. In 2017, the market for hydroxyapatite and bioceramics saw a year-over-year growth of 5.7%. The global market for bioceramics and hydroxyapatite is anticipated to reach US$ 3 billion by the end of 2022. By the end of 2018, North America and Europe are expected to hold a value share of roughly 60% of the global market for bioceramics and hydroxyapatite, and it is predicted that demand for these materials will grow moderately due to their use in dental and orthopaedic implants as well as other applications.

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Bioceramics are also known as medical ceramics as they are mainly used as an important component in the production of the dental and orthopedic implants. Bioceramics materials are mostly oxides, carbides or nitrides based. Preference for bioceramics continues to persist and they can be distinguished as biologically active, inert or resorbable depending on the material type. Aluminum oxide, zirconia, calcium phosphate (tricalcium phosphate, hydroxyapatite) and bioglass are witnessed to be some of the commonly used bioceramics across industries. Hydroxyapatite is a calcium phosphate bioceramic and is biologically active by nature. The natural human bone comprises 70% hydroxyapatite. Thus it has excellent biocompatibility. Hydroxyapatite also aids in the bone growth and promotes bone health. However, low mechanical strength of hydroxyapatite has constrained the application of hydroxyapatite to coat the metal implants to trick the body as the tissues will directly come in contact of bioceramics and hydroxyapatite instead of metal. Thus the implants can gain the strength of the metal and biological acceptability of bioceramics and hydroxyapatite.

Growing need for developing effective dental implants, hip, joints, and knee replacement devices are projected to fuel demand for bioceramics and hydroxyapatite over the forecast period. Production of implants per capita has further translated to an exponential market growth over the past decade.

There has been increase in percentage of ageing population which are prone to greater risk of diseases such as osteoarthritis, knee , joint and hip problems, tooth decay amongst others. Ageing population coupled with other factors such as increasing number of accidents, bad eating habits leading to tooth decay amongst others is projected to drive the demand for bioceramics and hydroxyapatite over the forecast period.

Attributed to enhanced biocompatibility, high mechanical strength, and chemical and thermal stability, bioceramics and hydroxyapatite are increasingly being used for orthopaedic and dental implants. Growing health concerns pertaining to the impact of the materials used for developing dental implants has led manufacturers to direct their investments towards utilizing titanium as an important component. However, lack of maintenance of titanium implants can result in corrosion of the implants. To offer improved patient care, the manufacturers are developing zirconia-based implants that are white colored ceramic material. These implants offer improved biocompatibility and are likely to encourage demand for bioceramics and hydroxyapatite in the healthcare industry.

Contrary to the factors boosting the market growth, availability of bioceramics and hydroxyapatite at premium prices and lack of awareness among consumers is likely to inhibit growth of the global bioceramics and hydroxyapatite market over the coming years. Also, lack of technological advancements in developing countries of Asia Pacific region there has been still been prevalence of metal-based implants which may hinder the bioceramics and hydroxyapatite market growth in the long run.

To remain in the forefront of the competitive market, leading market players are focusing on long-term partnerships with implant manufacturers, and expanding their regional footprints in the bioceramics and hydroxyapatite market. In-depth research and development have also been conducted for developing 3-D printing and artificial bones thus expanding the application area and product offerings for bioceramics and hydroxyapatite.

Segmentation Analysis

  • On the basis of material type, the aluminium oxide segment is projected to retain its dominance in the global bioceramics and hydroxyapatite market throughout the forecast period, accounting for a value share of ~45% by the end 2018.
  • On the basis of type, bio-inert is expected to remain a leading segment in the global bioceramics and hydroxyapatite market, recording a CAGR of 6.8% over the forecast period. However, the bio-active segment is expected to witness higher growth rate in terms of value.
  • On the basis of application, sales of the bioceramics and hydroxyapatite is likely to remain concentrated for the development of the orthopaedic implants. However, other applications such as dental implants and implantable electronic devices are projected to witness significant growth over the coming years in terms of consumption.

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Vendor Insights

The report highlights some of the top companies operating in the global bioceramics and hydroxyapatite market, which include Morgan Technical Ceramics, CeramTec, Berkeley Advanced Biomaterials, Inc., Kyocera Corporation, Cam Bio Ceramics BV, FLUIDINOVA, Premier Biomaterials, Plasma Biotal Ltd., SofSera, Bonesupport AB, Nano Interface Technology, and Sigma Graft amongst others.

Global Bioceramics and Hydroxyapatite Market Segmentation

To understand and assess opportunities in the global bioceramics and hydroxyapatite Market, we have divided the report into three sections based on market segmentation as under:

By Material Type

  • Aluminium Oxide
  • Zirconia
  • Calcium Phosphate
  • Others

By Type

  • Bio-Inert
  • Bio-Active
  • Bio-Resorbable

By Application

  • Dental Implants
  • Orthopaedic Implants

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