Key Players in the Magnesium Metal Market: US Magnesium LLC., Dead Sea Magnesium Ltd, POSCO, and RIMA Group

The global magnesium metal market is predicted to grow at a strong CAGR of 7% from 2021 to 2031. The target market is set to present significant growth during the forecast period. Progress in automobile manufacturing, growing adoption in aviation capacity, and a surge in crude steel production are expected to drive the growth in the magnesium metal market during this period of observation.

Magnesium metal is a silvery white metal. As one of the lightest metals available for structural applications, magnesium metal is rapidly gaining traction in the global marketplace. Magnesium metal is around 33% lighter than aluminum and nearly 67% lighter than steel and this factor aids in augmenting the demand for the product during the projected period.

One of the most abundant metals, magnesium metal can be obtained from several mineral sources. Magnesium metal is increasingly finding a wide range of applications across multiple industry verticals including the automobile and aviation sectors.

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Magnesium metal is used in the production of aluminum alloys as magnesium metal enhances the physical properties and processability of these alloys. Other important applications of magnesium metal include die-casting, desulphurization, and others.

Moreover, growing concerns for the environment due to increasing pollution from the transport sector also encourage the increasing use of magnesium metals. As one of the most versatile metals, the use of magnesium metal for automotive parts makes them more stable and lighter in weight.

In addition, magnesium metal and magnesium metal alloys are gaining increasing usage in the aircraft and aerospace sectors. Manufacturers in the aircraft industry are focussing on developing lighter and more fuel-efficient aircraft so as to comply with strict emission standards and regulations set by diverse regulatory bodies and associations.

As one of the lightest metals, magnesium metal is comparatively more dimensionally stable, immune to high temperatures, and relatively easy to process. In order to effect weight saving without compromising structural strength and effectiveness.

The application of magnesium metal in the aerospace and aircraft industry has led to greater structural strength and effectiveness all the while executing a lightweight aircraft. All of these considerations further aid the growth of the magnesium metal market during the forecast period.

 “Rising adoption in the automobile and aviation sectors will likely supplement the global growth of the magnesium metal market over the forecast period,” says an FMI analyst. 

Key Takeaways:

  • Increasing prospects in the automotive and aircraft industry will propel the target market.
  • The magnesium metal market in the Asia Pacific excluding the Japan region is expected to present the highest CAGR.
  • MEA and Latin America’s magnesium metal market will also register a high growth rate during the forecast period.

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Competitive Landscape 

US Magnesium LLC., Dead Sea Magnesium Ltd, POSCO, RIMA Group, Solikamsk Magnesium Works OAO, Wenxi YinGuang Magnesium Industry (Group) Co., Ltd., Shanxi Wenxi Hongfu Magnesium Co., Ltd., Shanxi Wenxi Zhenxin Magnesium Co., Ltd., Taiyuan Tongxiang Magnesium Co., Ltd., among others are some of the major players in the magnesium metal market profiled in the full version of the report.

Leading market players are focusing on employing strategies like sales contracts and acquiring technical expertise so as to increase their market share. These enterprises also employ tactics like patents and events, partnerships, joint ventures, collaborations, mergers, and acquisitions to strengthen their market position.

Magnesium Metal Market: Segmentation

By Application

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

By Region

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

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More Insights into Magnesium Metal Market Report

In its latest report, FMI offers an unbiased analysis of the global magnesium metal market, providing historical data and forecast statistics for 2021 to 2031.  According to the latest FMI reports, based on region, the magnesium metal market in the Asia Pacific excluding the Japan region will exhibit substantial growth during 2021-2031.

This region is predicted to present a high CAGR owing to increasing investment in the automobile sector. The growth in crude steel production also contributes to the growing demand for the magnesium metal market in this region.

The magnesium metal market in MEA and Latin America will also present notable growth in the magnesium metal market. These regions will also record heightened growth rates. This is primarily due to the expanding aviation sector in these regions.

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Magnesium Hydroxide Market: Future Market Insights (FMI) has anticipated the demand of magnesium hydroxide to witness a year-over-year growth of 5.6% in 2022 reaching a value of about US$ 992.5 Mn by the end of 2022.

Magnesium Oxide Market: The global magnesium oxide market is quite progressive in nature and anticipated to expand at over 5% CAGR through 2031.

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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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Yeast Autolysates Market is Forecasted to Surpass US$ 2708.6 Million by the end of 2031

According to recently released data from Future Market Insights’ analysis of the yeast autolysates market, worldwide consumption of yeast autolysates increased by 5.2% year over year (YoY) in 2031, with total sales reaching US$ 1556.3 Mn.

The overall demand for yeast autolysates currently accounts for 37% of the worldwide yeast market and is anticipated to increase significantly at a 5.7%CAGR to reach US$ 2708.6 Mn in 2031.

The yeast autolysates market is emerging as a specialty yeast product as an inactive yeast rather than an active yeast product derived from natural yeast with yeast autolysis technology from both brewer’s yeast and baker’s yeast in yeast extract or yeast powder format and being used in feed yeast and yeast microbial nutrition contained with high yeast protein with other product categories, such as nutritional yeast, organic yeast, and dry yeast.

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Health is the main driving force for food and beverage consumption in today’s world, following price and taste, due to the rising occurrence of various disease outbreaks and health problems around the world. Consumers have become selective about the products are being consumed while taking all the preventive measures as a result of the current scenario of the Covid-19 pandemic.

This rising non-GMO product demand is expected to intensify the production of yeast autolysates, being rich in protein and nutritional contents with rapidly increasing research and development activities and using advanced technologies. Yeast autolysates come with the entire spectrum of nutrients and a lot of high-functional proteins, including peptides, free amino acids, valuable minerals, as well as vitamins, and trace elements.

As a result, the product can be used to any range of applications in both the food and feed industries from fermentative food production to different categories of animal feed products, such as poultry, aquaculture, and pet food. If the product is very pure in quality, being a clean label ingredient, it can easily be considered as a natural flavoring ingredient.

The unique features and being a natural ingredient, consumer preference for this healthy and nutritious food product is rising with each passing day. Further, the product can easily be GMO-free, Halal and Kosher certified, and does not contain any gluten. Even more, easy accessibility of resources, yeast being the most convenient fungi to produce in terms of price and affordability, the end product price comes under a reasonable range, which is boosting the market growth.

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Who is winning?

Key players are focusing on having modern state-of-the-art centres to revamp the production of more quality based and flavourful yeast autolysates. As the consumption of the product is rising rapidly, manufacturers are more prone to focus on research and development to increase the product lines.

One of the leading players, Koninklijke DSM N.V., has taken a further step in the industry and set up a development site in Delft with a modern food and application centre. The company has invested together with other industry players as well in a biotech fermentation pilot plant, named as Rosalind Franklin Biotechnology Centre, on the site for industrial productions of Yeast autolysates flavor and antibiotic intermediates.

As more players are into innovation centres to ensure market position with R&D, a smooth and consistent supply of yeast autolysates is expected to maintain the production and consumption cycle of the product intact. Some of the leading companies offering yeast autolysates are Lallemand Inc., Koninklijke DSM N.V., Leiber GmBH, Kerry Group, KOHJIN Life Sciences Co., Ltd., Biospringer, Archer Daniels Midland Company, Angel Yeast Co., Ltd, Titan Biotech Ltd., Fuji Foods Corporation and others.

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Yeast Autolysates by Category

By protein concentration :

  • ≥ 50%
  • < 50%

By end use :

  • Feed Industry
  • Poultry
  • Pet Food
  • Ruminants
  • Aquaculture
  • Fermentation
  • Microbial Nutrients
  • Others

By region :

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • MEA

About 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 Demand for Specialty Silica Market in the Food & Beverages, Agricultural & Feed, Consumer Products Industry

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

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

 “Demand from rubber industry will continue to fuelling the demand for specialty silica. Though the significant drop in automotive industry output production rate during the last two consecutive fiscals have impacted the consumption of tires; however, the market growth is expected to gain traction in upcoming years. Additionally product innovation involved in specialty coatings will spur the demand of specialty silica.” says a FMI analyst.

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Key Takeaways of Specialty Silica Market Study

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

Demand for specialty silica is expected to grow at a moderate rate owing to its increasing consumption in rubber application. Personal care is anticipated to witness the highest growth among all other applications. East Asia is projected to hold a prominent share followed by Europe and North America.

China and Japan are the major target locations for the supply of Specialty Silica for manufacturers. The Specialty Silica market is fairly consolidated with a small number of tier-1 players accounting for the major share.

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Market Landscape to Remain Fairly Consolidated

The specialty silica market is understood to be fairly consolidated, with leading players included viz. Solvay SA, Huber Engineered Materials, Madhu Silica Pvt. Ltd, Evonik Industries AG and PPG Industries, Inc, Akzo Nobel NV, Cabot Corporation, Wacker Chemie AG, Nalco Holding Company, Qingdao Makall Group Inc, and others account for the prominent share in the market.

To gain a competitive advantage in the market, market participants have been involved in production capacity expansions, mergers, and acquisition activities with regard to the consolidation of the business footprint.

Specialty Silica Market by Category

By Product Type

  • Precipitated
  • Fumed
  • Fused
  • Silica Gel
  • Colloidal

By Application

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

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Want to Know More?

Future Market Insights, an ESOMAR-certified research and consulting firm has published a market research report on the Specialty Silica market that contains a global industry analysis of 2016–2020 and an opportunity assessment for 2021–2031.

The report provides depth analysis of the Specialty Silica Market through different segments, namely product type, application, and region. The Specialty Silica Market report also provides supply and demand trends, along with an overview of the parent market.

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Precipitated Silica Market: Ascending demand from rubber, agrochemicals, and oral care will drive the global precipitated silica (SiO2) market to grow at an astounding growth rate of more than 9% between 2019 and 2029.

Colloidal Silica Market: Sales in the global colloidal silica market are slated to top US$ 252.0 Million in 2022. With a favorable demand outlook, the market is projected to expand at a steady 3.9% CAGR, reaching US$ 342.3 Million by 2030.

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.

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Automated Packaging Solutions Drive the Global Box Sealing Machines Market to Reach US$ 4.7 billion by 2032

Box sealing machinery, commonly referred to as carton sealers, is used in packaging lines to close and seal cardboard boxes. Box sealers provide end customers with quick and efficient packing solutions. Demand for carton sealers is expected to rise over the forecasted period (2022–2032). Leading companies from around the world are releasing box sealers with cutting-edge sealing technology.

The box sealing machines market was estimated to be worth US$ 3.1 billion in 2021, increasing by 4.0% annually.Box sealing machine sales are projected to increase at a robust CAGR of 3.9% and reach US$ 4.7 billion by 2032.

Carton sealers often employ stainless steel to prevent corrosion over time. The box sealer is made comprised of a strong side belt and a powerful motor. Box sealing equipment is designed for automated assembly lines and rapid tape roll replacement. Depending on the size of the box that needs to be sealed, the sealing device can be internally adjusted. The automatic sealer packs 1500–1700 boxes each hour, reducing the amount of time needed for human packaging.

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The development of box sealing machines is enhancing end users’ use of cartons as a result of the e-commerce industry’s rapid growth and rising global trade. Additionally, the shipping and logistics industry frequently transports items between one another using cartons, which is anticipated to grow the market share of the carton sealing machine market.

Key Takeaways from Box Sealing Machine Market

  •  Revenues in the box sealing machine segment are projected to increase by 4% year-on-year by 2022.
  • In terms of operation type, automated box sealing machine packages is estimated to occupy a market share of 65-70% in 2022.
  • Food & beverages segment is expected to provide create absolute opportunity of approximately US $ 612 Mn in 2022.
  •  The U.S. box sealing machine market is expected to account for around 8% of demand share over the next decade.
  • Sales of box sealing machine in Germany are projected to be 2.8% CAGR during the forecast period

“Automatic box sealing machines are used to provide hygiene products to customers and take advantage of the opportunities created in the market. Increasing use in the e-commerce industry is also driving the expansion of the global box sealing machine market.” – Comments FMI analyst

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Box Sealing Machine Market Landscape

EndFlex, KOCH Pac-Systeme GmbH, NORDEN MACHINERY AB, PMI Kyoto Packaging Systems, BVM BRUNNER GmbH & Co. KG, Loveshaw Corp., BestPack Packaging Systems, Combi Packaging Systems, LLC, Endoline Automation, Gurki Packaging., PACKWAY INC,

Siat Spa, Wexxar Packaging, Inc., TART, Wuxi Yoye Auto Co., Ltd, Intertape Polymer Group, JOIN PACK MACHINES (PVT.) LTD, Zhejiang Dingye Machinery Co. Ltd, WestRock Company., Royal Pack Industries

Box Sealing Machine Market by Category

By Automation:

  • Automatic
  • Semi-automatic

By End Use:

  • Food & Beverages
  • General Industrial
  • Consumer Goods
  • Others (E-commerce, Shipping & Logistics, Etc.)

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By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • 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

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Global Grab and Go Containers Market Witness a Stunning 8% CAGR through 2032, Driven by Growing Demand for Convenient and Eco-Friendly Food Packaging Solutions

The grab-and-go containers market is anticipated to progressively grow on a global level as a result of the rising demand from the food and beverage industry for packaging choices that are simple to store and discard. Sales of grab-and-go containers are expected to increase gradually on a global scale due to the expanding demand from the food and beverage industry for easy storage and disposal packaging options.

Grab-and-go containers are expected to grow in popularity as consumers’ demands for takeout and ready-to-eat food grow. This trend shows how quickly consumer eating habits are changing and feeds the need for more practical and cost-effective food packaging. Because grab & go containers are portable and can maintain both hot and cold meals, the industry is anticipated to expand.

Grab-and-go packaging is usually single-use, recyclable, and constructed of materials like plastic to lower the danger of tainted food. Additionally, since grab-and-go containers can be produced more cheaply than non-disposable ones, more eateries and customers are choosing them.

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Food to eat on the fly has become much more necessary nowadays. The lengthier trip durations may be a result of people’s preference for food prepared in grab-and-go containers. Additionally, there is an increasing need for grab-and-go containers due to the rise in people who make food purchases online. The increased consumption of fast food items like sandwiches, burgers, and fries is intimately tied to the popularity of grab-and-go containers.

People’s increasing awareness of health and cleanliness is always driving the market. People prefer packaged food over open, unpackaged food. As a result of changing consumer habits, an increase in the number of urban residents, and global eating patterns, the food distribution system has experienced tremendous transformation. Consumers are shifting their focus to food items they can eat on-the-go in a fast-paced economy, and this trend is anticipated to fuel the market for grab-and-go containers.

Styrene seeps into food when it is packaged in polystyrene foam cups and bowls, where it eventually enters consumers’ bodies and may have harmful consequences on their health. All of these factors could reduce the market for grab-and-go containers in the following years.

Geographically, grab-and-go boxes can be divided into North America, Latin America, Europe, South Asia, East Asia, Oceania, the Middle East, and Africa. In Asia Pacific, the market for grab-and-go containers is anticipated to generate the highest level of income. This is brought on by both the growing need for grab-and-go containers and the growing population. The market for grab-and-go containers is anticipated to exhibit promising growth in North America and Europe during the forecast period.

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Market Competition

Some of the leading players operating in the global grab and go containers market include Genpak LLC, Sterilite Corporation, Anchor Packaging LLC, and Eco-Products LLC. Players such as Genpak and Anchor Packaging are launching plant-based containers made of bamboo and jute to gain a competitive edge in the market.

Key Segments Profiled in the Grab and Go Containers Industry Survey

Product:

  • Cups
  • Bowls
  • Cans
  • Trays
  • Bottles
  • Deli Containers

Material:

  • Plastic
  • PET
  • PE
  • PVC
  • Paper
  • Others

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End Use:

  • B2B
  • Food Service Outlets
  • Educational Institutes
  • Corporate Offices
  • Healthcare Facilities
  • B2C (Retail)
  • E-commerce
  • Supermarket
  • Hypermarket
  • Convenience Stores

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ

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

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Future Market Insights Inc.

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Water Electrolysis Machine Market to Reach a High Valuation of US$ 25.5 Billion during Forecast 2023 to 2033, Get Insights FMI

This research report provides analysis and insights that are expected to be present through 2033, as well as their effects on market participants. The global water electrolysis machine market is expected to be worth US$ 25.5 billion by 2033.

The global demand for water electrolysis machines is expected to grow at a 7.3% annual rate between 2023 and 2033. According to FMI’s global water electrolysis systems market analysis report, the market will be worth US$ 12.6 billion in 2023.

Hydrogen from renewable energy sources can be produced by water electrolysis systems at minimal cost for use in different end-user industries and sectors. Moreover, research in the optimization of deconstructing oil-in-water emulsions in terms of metal pollutants and soluble solids is also driving the market further.

As international and national organizations are encouraging the development of hydrogen fuel, it is expected to positively impact demand in long term. Transitions toward sustainable and green technology increased regulatory emphasis on environmental protection and expanded government support in this sector.

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Conventionally, chemical industries, such as oil & petroleum, fertilizers, etc. are the prominent consumers or end users of water electrolysis devices. Growing investment in these sectors and research and development activities are all expected to drive the demand for water electrolysis machines in the chemical industry.

Key Takeaways from the Water Electrolysis Machine Market Study Report

  • The United States caters to nearly one-fifth of the total revenue generated by the water electrolysis equipment market globally. In the previous year, 2022, the United States water electrolysis machine market reached an overall valuation of US$ 2,260 million.
  • Japan is the second top-performing region in the production and supply of water electrolysis systems to industries around the globe. The market in Japan contributes to around 7.3% of the total revenue generated globally.
  • Meanwhile, China and India are the two rapidly emerging countries in the manufacturing of industrial water electrolysis machines in the Asia Pacific. Over the next ten years, China and India are projected to register a CAGR of 9.2% and 8.7% respectively.
  • In Europe, industrialized nations such as Germany and the United Kingdom are the forerunners in the sales of water electrolysis machines. Germany holds a share of 4.2% of the global water electrolysis machine market while the market in the United Kingdom market is progressing at 6.7%.
  • Based on product type, the alkaline water electrolysis machines market segment dominates by acquiring 43.2% of the revenue.

Competitive Landscape

Siemens Gamesa, Thyssenkrupp Uhde Chlorine Engineers, Nel ASA, Asahi Kasei Corporation, Enagic International Inc., HyGear BV, Eneco Holdings Inc., Hydrogenics Corporation, ITM Power Plc, Peak Scientific, Teledyne Technologies Inc., and Toshiba Energy Systems & Solutions Corporation among others are some key players in the global water electrolysis machine market.

Emphasis on research and product development is anticipated to assist market participants in leveraging growth prospects beyond their regional boundaries. In addition, the market expansion is predicted to be fueled by the low costs of manufacturing to produce water electrolysis machines with advanced technologies.

Recent Developments

Cummins Inc. has agreed to purchase a 2.5 MW electrolyzer as part of a supply agreement with Hysetco in April 2022. It is Hysetco’s long-term plan to construct and run the first massive hydrogen mobility platform in the world that combines hydrogen generation, distribution, and consumption.

Thyssenkrupp Nucera and Shell have contracted for a massive Hydrogen Holland I project near Rotterdam in January 2022. This 200-megawatt electrolysis plant was designed, bought, and built as part of this transaction.

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Segments Covered

Water Electrolysis Machine Industry by Type:

  • Proton Exchange Membranes
  • Alkaline Water Electrolysis
  • Others

Water Electrolysis Machine Industry by Input Power:

  • Below 5 MW Water Electrolysis Machines
  • 5 MW to 10 MW Water Electrolysis Machines
  • Above 10 MW Water Electrolysis Machines

Water Electrolysis Machine Industry by Hydrogen Production Capacity:

  • Below 500 L/Hr Capacity
  • 500 L/Hr to 2000 L/Hr Capacity
  • Above 2000 L/Hr Capacity

Water Electrolysis Machine Industry by End-use Industry:

  • Water Electrolysis Machine for Chemical Industry
  • Water Electrolysis Machine for Petroleum Industry
  • Water Electrolysis Machine for Pharmaceuticals Industry
  • Water Electrolysis Machine for Power Plants
  • Water Electrolysis Machine for Electronics & Semiconductors Industry
  • Water Electrolysis Machine for Steel Plants
  • Water Electrolysis Machine for Others

Water Electrolysis Machine Industry by Regional Markets:

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

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Table of Content

  1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

  1. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

  1. Market Background

3.1. Market Dynamics

3.2. Scenario Forecast

3.3. Opportunity Map Analysis

3.4. Product Life Cycle Analysis

3.5. Supply Chain Analysis

3.6. Investment Feasibility Matrix

3.7. Value Chain Analysis

3.8. PESTLE and Porter’s Analysis

3.9. Regulatory Landscape

3.10. Regional Parent Market Outlook

3.11. Production and Consumption Statistics

3.12. Import and Export Statistics

  1. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022

4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033

  1. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type

5.1. Introduction / Key Findings

5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Type, 2018 to 2022

5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Type, 2023 to 2033

5.4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2022

5.5. Absolute $ Opportunity Analysis By Type, 2023 to 2033

About Us

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 favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.   
Christiana Corporate,
200 Continental Drive, 
Suite 401, Newark, 
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Industrial Nailers Market is Projected to Register a CAGR of 7.8% during Forecast 2023 to 2033 | Report by FMI

The industrial nailers market is anticipated to expand its roots at a steady CAGR of 7.8% between 2023 and 2033. The market is predicted to cross a market share of US$ 1,432.6 million by 2033 while it is likely to be valued at US$ 678.6 million in 2023.

  • The significantly growing construction industry with advancements related to techniques and tools is anticipated to fuel market growth. Furthermore, the increased productivity and efficiency of advanced nail gun motors are fueling the demand for industrial nailers.
  • The advent of application-specific framing & sheathing nailers, sliding & fencing mailers and other nailers are garnering market growth. The companies also try to make the industrial nailers less tricky so that accidents while nailing can be prevented.
  • The high demand from the automobile industry is there as it fixes different parts of the car through different procedures and nailing is one of these procedures. Hence, the market has thrived through the expanding automotive industry.
  • Government projects including development initiatives along with disaster relief programs are building and re-building cities. These activities demand advanced tools. Hence, it consequently fuels the demand for industrial nailers.

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Key Points

  1. The United States market leads the industrial nailers market in terms of sales volume in North America. The market holds a market share of 20.5% in 2023. The market growth is attributed to the high number of industries setting up with sustainable products.
  2. India industrial nailers market leads South Asia market in terms of CAGR with a leading CAGR of 9.4% between 2023 and 2033. The regional growth is attributed to high foreign investment and expanding E-commerce businesses.
  3. Chinaindustrial nailers market on the other side flourishes at a CAGR of 8.8% between 2023 and 2033. The hub of smart technology along with it being an assembling ground for major technological giants is expected to fuel its growth during the forecast period.
  4. The framing and sheathing nailers segment is likely to thrive in the product type category as it holds a market share of 23.3% in 2023. The growth is attributed to the increased renovation and construction activities.

Competitive Landscape

The key vendors work on producing nailers that are efficient, safe, and powerful. Brands also work on creating application-driven industrial nailers such as sliding & fencing nailers. Key competitors also merge, acquire, and partner with other companies to increase their supply chain, and distribution channel. The key players in the market are Stanley Black & Decker, Illinois Tool Work Inc., Robert Bosch Power Tools GmbH, Kyocera Corp, Everwin Pneumatic Corp, Techtronic Industries Co. Ltd., Apach Industrial Co. Ltd., JAACO CORP, Raimund Beck KG, DEWALT, and Aerosmith Fastening.

Recent Market Developments:

  • Aerosmith Fastening has introduced its TraxPin and PowerPin construction-based nailers. It also has a range of different nailers including framing and sheathing nailers.
  • Apach Industrial Co. Ltd has launched a new range of advanced industrial nailers that include coil nailers, framing nailers finish nailers, specialty, staplers, and other carton closing tools. Framing nailers holds professional power pneumatic nailer motor that drives power for different degree strip framing nailers.

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Industrial Nailers Market: Segmentation

Industrial Nailers Market by Category:

  • Pneumatic Industrial Nailers
  • Cordless Industrial Nailers
  • Gas-powered Industrial Nailers

Industrial Nailers Market by Product:

  • Brad & Pins
  • Coils
  • Roofing
  • Framing & Sheathing
  • Flooring
  • Sliding & Fencing
  • Others

Industrial Nailers Market by Operation:

  • Handheld Industrial Nailers
  • Automatic Industrial Nailers

Industrial Nailers Market by Nail Length:

  • Less than 20 mm
  • 20 to 40 mm
  • 40 to 60 mm
  • 60 to 80 mm
  • Above 80 mm

Industrial Nailers Market by Application:

  • Furniture
  • Millwork
  • Pallets & Crating
  • Leather Goods Manufacturing
  • Steel Skids
  • Construction & Framing
  • Automotive Interiors
  • Others

Key Regions Covered:

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

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Table of Content

  1. Executive Summary | Industrial Nailers Market

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

  1. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

  1. Market Background

3.1. Market Dynamics

3.2. Scenario Forecast

3.3. Opportunity Map Analysis

3.4. Product Life Cycle Analysis

3.5. Supply Chain Analysis

3.6. Investment Feasibility Matrix

3.7. Value Chain Analysis

3.8. PESTLE and Porter’s Analysis

3.9. Regulatory Landscape

3.10. Regional Parent Market Outlook

3.11. Production and Consumption Statistics

3.12. Import and Export Statistics

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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 favour 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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Non-destructive Testing (NDT) Inspection Services Market is Projected to Exhibit a Strong 6% CAGR by 2030: Examination of Growth Factors, Challenges, and Emerging Trends

According to Future Market Insights, the global non-destructive testing (NDT) inspection services market will be worth US$ 28 billion by 2030.

The market is soaring as governments around the world increase their infrastructure investments. As cities grow in size, so does the demand for houses, trains, highways, and airports. Because of their widespread use, these infrastructures require ongoing maintenance and upgrading to ensure their safety. Defect and component failure detection aids in the prevention of major accidents and the implementation of preventative measures.

Significant technical breakthroughs in healthcare and pharmaceuticals have recently increased the use of NDT inspection services to prevent product recalls and assure patient safety. Because of the large number of patients hospitalised to hospitals for treatment during the coronavirus pandemic, its use has increased significantly.

Based on these widespread application, the market is anticipated to enjoy an impressive growth rate in the coming years.

“Emerging economies such as China & India shall generate immense growth opportunities for NDT inspection service providers, attributed to burgeoning medical tourism and infrastructure development,” says an FMI analyst.

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Key Takeaways from FMI’s NDT Inspection Services Market Study

  • Ultrasonic testing shall occupy the highest seat in the global NDT inspection services market
  • The oil & gas industry extensively employs NDT inspection services to assess the degree of pipe faults to avoid spillage, leaks and accidents
  • Nuclear power generation emerges as a fertile ground for NDT inspection services market proliferation
  • Global NDT inspection services market to surge at over 6% CAGR from 2020-2030

NDT Inspection Services Market- Key Trends

  • Rail transportation shall services will employ a significant amount of NDT inspection services, attributed to increasing number of fatalities due to accidents
  • Growing demand for light-weight and flexible materials for attaining fuel efficiency spurs usage across the aerospace industry
  • Reserve engineering and preservation are the cornerstones of NDT service inspection services market proliferation

NDT Inspection Services Market- Region-wise Analysis

  • Europe to pivot the market in the railroad segment due to rising incidence of fatalities and accidents
  • Growing investments in the hydrocarbon sector to push up demand in North America
  • Mushrooming healthcare and construction industries will generate immense growth opportunities in the Indian and Chinese markets

NDT Inspection Services Market- Competitive Landscape

Prominent market players in the NDT inspection services market are: Olympus Corporation, Sonatest Ltd, Nikon Metrology NV, Duemme SpA, Mistras Group, Industrial Radiographic Inspection Co., National Technical Systems, Inc., and Bureau Veritas to name a few.

These players concentrate on offering innovative products and technological solutions to expand their customer outreach. For instance, Nikon Metrology NV offers the MCT225 Metrology-CT Scanner for inside geometry, with an absolute accuracy of 9 + L/50 micrometers.

Collaborations are also helping market players expand their global outreach. For instance, in June 2020, Sonatest Ltd has announced an expansion of its partnership with MelcoNDT across Southeast Asia, especially across Thailand and Indonesia.

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NDT Services Market Taxonomy

Offering Type

  • Non-destructive Testing Services
  • Non-destructive Testing Equipment

Test Method

  • Visual Testing
  • Magnetic Particle Testing
  • Liquid Penetrant Testing
  • Eddy Current Testing
  • Ultrasonic Testing
  • Radiographic Testing

Industry Vertical

  • Oil & Gas
  • Manufacturing
  • Aerospace and Defense
  • Construction
  • Automotive
  • Power Generation
  • Others

Region

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

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Table of Content

  1. Executive Summary

1.1. Market Outlook

1.2. Market Approach

1.3. Key Technological Trends and Strategies in the Market

  1. Market Overview

2.1. Definition

2.2. Segmentation

2.3. Sentiment and Demand: Flow Chart

  1. Market Background

3.1. Key Market Trends

3.2. Macro-Economic Factors

3.3. Market Dynamics

3.4. Value Chain Analysis

  1. COVID-19 Impact Analysis

4.1. Business Impact of COVID-19 on Adoption

4.2. Pre-COVID-19 and Post-COVID-19 Market Growth Analysis

4.3. Key Strategies Incorporated by Market Players

  1. Global NDT Inspection Services Market Analysis (2015 – 2019) and Forecast (2020 – 2030) – Introduction

5.1. Historical Market Value (US$ Mn) Analysis, 2015 – 2019

5.2. Current and Future Market Value (US$ Mn) Projections, 2020 – 2030

5.3. Average Pricing Analysis

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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 favour 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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Automatic Ducting Machine Market to Expand at a Steady 4.1% CAGR by 2032: Analysis of Key Trends, Drivers & Challenges

The global automatic ducting machines market is expected to grow at a CAGR of 4.1% from US$ 1,554.2 million in 2022 to US$ 2,322.9 million in 2032. The demand for automatic ducting machines is growing, thanks in part to the chemical processing and utilities/power industries. Over the period from 2016 to 2021, the market for automatic ducting machines grew at a CAGR of 3.6%.

When using wet steam, any type of industrial engine loses thermal efficiency, which can also cause a hydraulic lock or corrode internal parts. Automatic ducting devices are thus required in many industrial operations that involve the handling of steam and moisture. There are simplified versions of the standard steam separator, which uses a tangential intake and cyclonic motion to separate steam and condensate immediately.

Automatic ducting machines come in a variety of sizes, pressure ranges, and applications. The growth of end-use industries is directly related to the demand for automatic ducting machines. The global market for automatic ducting machines is expected to grow at a moderate CAGR during the forecast period, owing to the typically rising development rates of end use industries.

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2016-2021 Automatic Ducting Machines Demand Analysis vs. Forecast 2022-2032

The market for automatic ducting machines is anticipated to develop at a CAGR of 4.1% between 2022 and 2032, reaching a total of US$ 2,322.9 Million in 2032, according to a study from Future Market Insights. (FMI). With a 3.6% CAGR between 2017 and 2021, sales climbed dramatically.

Due in large part to the existence of end user sectors including chemical processing, pharmaceuticals, and oil & gas, automatic ducting devices have been adopted quickly. The market for automatic ducting machines was hampered because the COVID-19 outbreak restricted activity in several companies.

In the approaching years, it is projected that demand for automatic ducting equipment would rise due to the increased need for energy derived from various energy sources. Additionally, it’s projected that automation, speed improvements, and innovation will change the dynamics of automatic ducting machines during the forecast period.

Market Competition

Eaton, Didion Separator, Colton Industries, Kelburn Separation Specialists, Cole Industries Inc., Spirax-Sarco Engineering plc, Forbes Marshall, Kadant Inc., Sesotec Gmbh, and Penn Separator Corporation are major market participants in the automatic ducting machine market.

  • Penn Separator Corporation, a key player in the automatic ducting machines market is focusing on offering different types of ducting machines for various end user industries.
  • Kelburn Separation Specialists, another key player in the automatic ducting machines market is focusing on offering gas separators that lowers heat transfer rates.

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Key Segments Profiled in the Automatic Ducting Machine Industry Survey

Automatic Ducting Machine by Material Type:

  • Cast Steel Automatic Ducting Machine
  • Stainless Steel Automatic Ducting Machine
  • Aluminum Automatic Ducting Machine
  • Bronze Automatic Ducting Machine

Automatic Ducting Machine by Structure Type:

  • Flanged Automatic Ducting Machine
  • Fabricated Automatic Ducting Machine
  • Flanged and Fabricated Automatic Ducting Machine
  • Other Automatic Ducting Machine Structure Types

Automatic Ducting Machine by End Use Industry:

  • Automatic Ducting Machine for Utilities/Power
  • Automatic Ducting Machine for Chemical Processing
  • Automatic Ducting Machine for Oil and Gas
  • Automatic Ducting Machine for Paper and Pulp
  • Automatic Ducting Machine for Pharmaceuticals

Automatic Ducting Machine by Region:

  • North America Automatic Ducting Machine Market
  • Latin America Automatic Ducting Machine Market
  • Europe Automatic Ducting Machine Market
  • East Asia Automatic Ducting Machine Market
  • South Asia & Oceania Automatic Ducting Machine Mark
  • Middle East & Africa Automatic Ducting Machine Market

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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 favour 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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Compressed Air Filtration and Dryer System Market is Expected to Reach US$ 9.8 Billion from 2022 to 2032, Says FMI

Throughout the projected period, the compressed air filtration and dryer system market is expected to develop at a moderate CAGR of 6%. The compressed air filtration and drying system market is expected to grow from US$ 5 billion in 2021 to almost US$ 9.8 billion by 2032.

Compressed air filters are increasingly being used to boost productivity, and compressed air solutions are in high demand from the food and beverage industry. Compressed air dryers are also being used to protect equipment from toxic and corrosive environments.

Compressed air dryers have grown in popularity in recent years as a result of their numerous applications in a variety of industries, including healthcare and medicine. In recent years, producers have increased their manufacturing capacity using refrigeration systems to meet expanding demand.

Chronic diseases such as asthma, cardiovascular disease, diabetes, cancer, and other respiratory disorders are on the rise in the United States, Europe, and Asia, driving the healthcare business.

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The expanding number of FDA safety rules in the United States, along with an aging population, is pushing the demand for compressed air filters and medical air. Hospitals rely significantly on compressed air since it is essential for a wide range of crucial end-uses, i.e., any problem with compressed air quality or delivery can threaten the patient’s safety and health.

Compressed air systems utilised in this industry must meet a variety of legislative criteria as a result of these considerations, making them important.

Product demand may be hampered by high costs connected with compressed air treatment equipment throughout the projection period. Furthermore, compressed air is one of the least energy-efficient applications, resulting in exorbitant operating expenses. In the short run, timely checks and frequent maintenance to ensure maximum efficiency may also help to decrease demand.

The compressed air filtration and dryer system market’s progress is aided by the strong forecast of the automotive, healthcare, and food and beverage sectors.

In all sectors, compressed air production is one of the costliest auxiliary functions. The most important components of compressed air systems are compressed air filters and dryers. These systems are extremely sensitive to their surroundings.

The efficiency, output, and working life of compressed air filters and dryers can be affected by changes in cabin temperature, energy supply, and air feed. Failure to maintain the system temperature at the appropriate level in high-pressure workplace conditions can result in a system explosion.

Furthermore, it is difficult for end users to maintain an exceedingly controlled atmosphere in order for compressed air filters and dryers to perform properly.

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To function at peak efficiency and avoid unplanned downtime, compressed air filters and dryers require routine maintenance. Inadequate maintenance can lead to higher operating temperatures, incorrect moisture control, and increased contamination as a result of reduced filtration performance, air leakage, or pressure variations.

Regular maintenance is required for air compressors, refrigeration systems, and related equipment such as filters and dryers. Maintenance that is neglected may result in increased energy, service, and replacement expenses.

As per the global compressed air filtration and dryer system market study, maintenance costs account for about 12% of the total cost of an air compressor system over its lifetime. As a result, after purchasing such equipment, end users must factor in maintenance and repair costs.

Key Takeaways

  • Demand from China is expected to boost revenue in the Asia Pacific compressed air treatment equipment market, which is expected to increase at a rate of over 6% through 2027.
  • Because compressed air is required in a wide range of industrial applications, China’s global leadership in automobile and industrial production is having a significant impact on the whole market.
  • The compressed air filtration and dryer system market size in the healthcare industry is expected to exceed USD 1 billion by 2020. The market demand is being fueled by the increasing use of compressed air treatment systems in the medical compressed air sector.
  • The prevalence of humidity and other impurities in the process air is expected to drive a 4.5 percent CAGR in-process air from 2021 to 2027, which could have severe implications for plants.
  • Due to its widespread use to remove or reduce the amount of water from compressed air, compressed air dryers are expected to account for roughly 35 percent of the compressed air filtration and dryer system market share in 2027.

Competitive Landscape

To gain a competitive advantage, market players are continually engaging in regional expansion through partnerships, joint ventures, and mergers and acquisitions. Elgi Compressors USA, Inc. opened a new headquarters in Europe in September 2019, demonstrating the company’s strong expansion in the region.

The office was created with the goal of fostering collaboration and innovation in the local compressed air filtration and dryer system market.

Atlas Copco, Gardner Denver, Ingersoll Rand, Kaeser, Emerson Climate Technologies, Donaldson, Mann+Hummel, and Parker Hannifin are among the leading compressed air treatment equipment manufacturers.

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Key Segments

By Product Type:

  • Compressed Air Dryers
    • Refrigeration Dryers
    • Desiccant or Adsorption Dryers
    • Deliquescent Dryers
    • Membrane Dryers
  • Compressed Air Filters
    • Particulate Filters
    • Coalescing Filters
    • Compressed Intake Filters
    • Activated Carbon filters

By Industry:

  • Automotive
  • Oil & Gas
  • Chemicals
  • Food &  Beverages
  • Electronics
  • Others

By Region:

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

About Us

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 favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.   
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200 Continental Drive, 
Suite 401, Newark, 
Delaware – 19713, USA   
T: +1-845-579-5705
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