Market Research Blog

The body fat measurement market in a recent report. As per the report, the market holds the potential to register a 6.6% CAGR through 2033. Sales in the market are anticipated to reach US$ 1283.85 million by 2023, from US$ 677.55 million in 2022.

Manufacturers of body fat measurement devices can benefit while holding their investments into BIA to gain lucrative revenue opportunities. However, diversification towards the development of DEXA can bring in more growth, since the adoption rate of the device is relatively high.

While numerous end users surface in the body fat measurement device market, hospitals and clinics are expected to reign through 2033. Effective partnerships with hospitals and clinics and collaborations with gymnasiums are potent tools for market sizing.

Increasing obesity among the millennial populace leading a fast-paced yet sedentary lifestyle is a key influence on the adoption of these devices. Since millennials ride the dual balance between health and technology consciousness, manufacturers find wearable an attractive passage to sweep in. Besides wearable technology, the focus on manufacturers has also been on enhancing the accuracy of these devices to promote precise patient outcomes. However, the modest growth is impeded by several restraints in the market.

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Cultural limitations and stigma around the use of body fat analyzers may not be that prominent of a restraint. However, the limited availability of these devices in developing countries may not offer cost leadership to local players. As a result, high cost, in turn, is a deal breaker for end users operating at low and mid-level budgets.

Lack of awareness pertaining to such devices further prevent players from the developed markets from penetrating developing markets. All-in-all, the market scenario looks promising with the anticipated adoption of these devices in hospitals and fitness centers.

Key Highlights of the Body Fat Measurement Market

The body fat measurement market was valued at US$ 492.22 million in 2018.

North America is the leading market with a share of 33% through 2033.

Asia Pacific holds the prominent CAGR of 8% through 2033.

BIA is likely to account for a 22% share of the market.

Dual-energy X-ray absorptiometry is one of the significant product types with high growth potential.

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Top Body Fat Measurement Market Players

The key players in the body fat measurement market deploy numerous strategies as a resort to market sizing. Key strategies followed by players include entering into partnership agreements, acquisitions, mergers, and expansions into new markets.

Product diversification is a crucial key to entering the developing markets for manufacturers of body fat measurement devices. In addition to this, collaborations with key end users can bode well for the market players during the forecast period.

In October 2022, Inbody Ltd. entered into a partnership with iLoveKickboxing for offering on-site body composition testing at the United States and Canada locations.

In January 2022, Inbody Ltd. collaborated with Orangetheory Fitness for providing reliable and accurate body composition information across its chain of studios.

The North America sporting goods market is capturing a valuation of US$ 148.75 billion in 2023 and is anticipated to reach US$ 336.32 billion by 2033. The market is registering a CAGR of 8.5% during the forecast period.

How is the Market Indirectly Helping Patient’s Health and Well-being?

The North America sporting goods market is not directly involved in the healthcare industry. However, sporting goods and fitness equipment can indirectly support the health and well-being of individuals. Regular physical activity is essential to a healthy lifestyle and can help prevent and manage many chronic health conditions. Sporting goods, such as exercise tools and equipment, stay active and engaged in physical activity.

Sporting goods can be used for physical therapy and rehabilitation to help patients recover from injuries or surgeries. For example, resistance bands and exercise balls can be used in rehabilitation programs to improve strength, flexibility, and balance.

There has been a growing trend toward incorporating technology into sporting goods in recent years. It helps individuals to monitor and track their physical activity and progress toward their fitness goals.

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This technology can help individuals stay motivated and engaged in their fitness routines. Healthcare professionals also help in tracking the progress of patients in rehabilitation or physical therapy programs. While the North America sporting goods market is not directly involved in helping patients, its products can promote physical activity.

Key Takeaways:

• North America sporting goods market is anticipated to secure a valuation of US$ 336.32 billion with a CAGR of 8.5% by 2033.
• Historically, the market captured a valuation of US$ 122.26 billion in 2018.
• The market registered a CAGR of 4% between 2018 and 2022.

Innovation in Sporting Goods by Key Players Upsurge the Market Growth

Key players play a crucial role to innovate products in the North America sporting goods market. Manufacturers constantly look for ways to improve their products through new materials, designs, or technology.

In recent years, we have seen a significant increase in the use of technology in sporting goods. For example, wearable fitness trackers, smart sports equipment, and virtual reality (VR) training systems have become increasingly popular. These technologies have helped to monitor physical activity and track progress toward fitness goals.

Another area of innovation has been using sustainable materials and manufacturing processes. Consumers are increasingly concerned about the environmental impact of the products they use. Therefore, many sporting goods manufacturers have responded by developing products made from eco-friendly materials.

Innovations in design have also played a role in the growth of the sporting goods market. Manufacturers are developing products that are functional but also stylish. They have further helped to expand the market beyond traditional sports enthusiasts to a wide audience.

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Overall, innovation in sporting goods by key players has helped to drive market growth by changing the preferences of consumers. Technology advances and consumers become more environmentally conscious are expanding the market size further.

North America Sporting Goods Market- Major Players

Nike Inc., Adidas AG Under, Armour Inc., Puma SE, New Balance Athletics Inc., Columbia Sportswear Company, VF Corporation, Skechers USA Inc., ASICS Corporation, The North Face Inc., YETI Holdings Inc., Callaway Golf Company, Dick’s Sporting Goods Inc., Hibbett Sports Inc., Academy Sports + Outdoors

Recent Developments in the North America Sporting Goods Market

Nike: Nike has been focused on expanding its digital capabilities, including investing in mobile apps and e-commerce platforms. They have also been prioritizing sustainability to use 100% renewable energy across their operations by 2025.

Adidas: Adidas has been focused on innovation and sustainability. They have developed new materials, such as recycled polyester and are exploring 3D printing technology to create sustainable products. They have also invested in e-commerce and digital marketing to reach young consumers.

Under Armour: Under Armour has been focused on streamlining its operations and cutting costs after struggling financially in recent years. They have also invested in new technology and products, such as connected fitness devices and breathable fabrics.

Puma: Puma has been expanding into new markets, particularly in Asia. They have also been investing in sustainability to reduce their carbon footprint and use sustainable materials in their products.

Columbia Sportswear: Columbia Sportswear has been focused on expanding its product offerings beyond outdoor apparel and footwear. They have been investing in new technologies, such as breathable and waterproof fabrics, and expanding their direct-to-consume

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North America Sporting Goods Market by Category

By Distribution Channel:

• Online
• Offline

By Sports Type:

• Racquet Sports
• Ball Sports

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The worldwide demand for hypochlorite bleach market is estimated at US$ 289.4 million estimated in 2022, forecast a CAGR of 5.4% valued at US$ 487.9 million from 2022 to 2032. The growth is attributed to growing demand for paper and board in emerging markets. Between 2016 and 2021, the Hypochlorite Bleach Market recorded a CAGR of 4.6%.

Hypochlorite bleaches are mostly the sodium salt of hypochlorous acid dissolved in water. It is also known as liquid bleach or bleach. Hypochlorite bleaches are used as a bleaching agent and a disinfectant.

The global hypochlorite bleaches market is expected to have substantially high growth rate, attributed to growing healthcare industry across the globe and increasing chances of contamination by pathogens. North America accounts for significantly high revenue share in global hypochlorite bleaches market, attributed to robust marketing and research in the region.

Sodium hypochlorite bleach is a common household and industrial cleaning agent that is used to remove stains and disinfect surfaces. It is a chemical compound composed of sodium, oxygen, and chlorine. It is highly effective in killing bacteria, viruses, and fungi, making it a popular choice for disinfecting surfaces and water. Sodium hypochlorite bleach is also used as a whitening agent in laundry and can be found in many commercial bleaching products. However, it can be corrosive and can cause irritation or damage to the skin, eyes, and respiratory system if not used properly. Therefore, it is important to follow the instructions on the label and take proper precautions when handling this chemical.

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Global Hypochlorite Bleaches Market Dynamics 

The growth of global hypochlorite bleaches market is driven by growing pharmaceutical and laundry industry. The macroeconomic factor responsible for the growth of global hypochlorite bleaches market is rising disposable income, the rapid rate of urbanization, and changing lifestyle. The key factor restraining the global hypochlorite bleaches market is the corrosive property of hypochlorite bleaches if not handled properly.

The company providing the hypochlorite bleaches have significantly high opportunity in regions such as North America, Europe, and Asia-Pacific, owing to significantly high demand for disinfectant coupled with rising demand for pharmaceuticals in the regions.

The hypochlorite bleaches market also experiencing significant growth in Latin America and the Middle East and Africa region as these are the emerging market, attributed to rising disposable income of consumers in these region.

Global Hypochlorite Bleaches Market Regional Outlook 

Based on the geographies, global hypochlorite bleaches market is fragmented into seven key regions — North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific except Japan, Japan, and the Middle East & Africa.

Among the aforementioned regions, North America accounts for a significant share of global hypochlorite bleaches market, owing to relatively high-value share of the region in the global healthcare market. Western Europe is followed by North America region in global hypochlorite bleaches market.

The Asia-Pacific except Japan region accounts for significantly high volume share in global hypochlorite bleaches market, owing to the substantial growth in the pharmaceutical industry in the region. Eastern Europe and Japan accounts for significant value share in global hypochlorite bleaches market as these region has significant growth in the disinfectant market.

Overall, the outlook for global hypochlorite bleaches market will have a positive growth over the forecast period, owing to the increasing demand for the disinfectant as an anti-counterfeiting measure. The developing economy such as Middle East Africa and Latin America have a moderate opportunity in global hypochlorite bleaches market, owing to the moderate growth rate in the pharmaceutical industry and growing population.

Global Hypochlorite Bleaches Market Player 

Few players in global hypochlorite bleaches market include Lion Apparel, Inc., Shijiazhuang Xinlongwei Chemical Co., Ltd., Shouguang Tianwei Chemical Co., Ltd., Ecoviz Kft, JSC AVANGARD, SAI CHEM CORPORATION, Tianjin Yufeng Chemical Co.,Ltd., Union Overseas Enterprise Ltd., United Chloro Paraffin Pvt. Ltd., Mabuhay Vinyl Corporation, and P and J Enterprises.

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Global Hypochlorite Bleaches Market Segmentation 

Basically, global hypochlorite bleaches market is segmented on the basis of product type, end-use, and region.

Based on product type, the global hypochlorite bleaches market is segmented into:

• Sodium Hypochlorite
• Bleaching
• Surface Purification
• Odor Removal
• Water Disinfection

• Calcium Hypochlorite
• Potassium Hypochlorite
• Lithium Hypochlorite

Based on end-use, the global hypochlorite bleaches market is segmented into:

• Healthcare
• Domestic Uses
• Laundry
• 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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The global silver nitrate market is expected to create lucrative growth opportunities over the assessment period by registering a CAGR of 5.2% from 2022 to 2032. The global market was valued at US$ 5.3 Billion in 2022 to reach a valuation of US$ 8.8 Billion in 2032. The growth of the market is attributed to the increasing demand for silicone elastomers, especially across the automotive and construction industries.

Silver nitrate is known as an inorganic chemical compound created by combining silver with nitric acid. It is commonly found as a colorless translucent rhombic tabular crystal. Furthermore, silver nitrate appears to be a non-hygroscopic white crystalline solid. It is water and ammonia soluble.

Within the medical and pharmaceutical sectors, silica nitrate is frequently utilized as a cauterizing, sclerosing, and anti-microbial agent. In analytical chemistry, it is used to precipitate chlorine, bromine, and iodine-cyanide. In the electroplating business, silica nitrate is used as a silver plating material. It is also used in the production of various coloring agents like dyes and inks. In the ceramic, electronics, and explosive sectors, a small quantity of silica nitrate is employed.

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Report Highlights

The prolific properties of silver nitrate are anticipated to have an effect on the growth of the global silver nitrate market over the assessment period. Because the chemical is very hygroscopic and soluble in water, it is an excellent oxidizing agent.

Silver nitrate is used as a starting material in the manufacture of silver oxides, silver halides, and a variety of other derivatives. Attributing to its exceptional qualities, silver nitrate is increasingly being used in a variety of industrial and commercial applications. This feature is expected to promote the growth of the global silver nitrate market during the course of the study.

Recent Developments

The augmenting demand for silver nitrate in jewelry and photographic applications is predicted to bode well for the industry in the next decade. Silver nitrate includes antifungal and antiseptic characteristics, which make it useful in the pharmaceutical and medical sectors.

Attributing its phenomenal properties, silver nitrate is excessively utilized as an organic coloring agent, an analytical reagent, and a catalyst. As a result, the compound’s features are projected to fuel its demand in a variety of industrial and commercial applications. This, in turn, is expected to fuel expansion in the worldwide silver nitrate market throughout the assessment period.

Owing to the emergence of rigorous laws on silver nitrate grades in medical and food applications across numerous areas is anticipated to hamper the regional demand for silver nitrate.

Competitive Landscape

The top six competitors in the worldwide silver nitrate market control more than 60% of the market. Among the prominent participants in the silver nitrate market consists of, Ames Goldsmith Corporation, S D FINE CHEM LIMITED, Spectrum Chemical Manufacturing Corp., Sigma-Aldrich Co. LLC, Rochester Silver Works LLC, Tongling Nonferrous Metals Group Holdings Co. Ltd., Chengzhou Jingui Silver Industry Co. Ltd., K. Chemical Industries Pvt. Ltd., EMD Milipore Corporation, Mahi Enterprise, Columbus Chemical Industries (CCI) among others.

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More Insights into the Silver Nitrate Market

The Asia Pacific region is anticipated to dominate the global silver nitrate market over the assessment period as the leading producer of silver nitrate. China is expected to produce a significant amount of silver nitrate and export it further to other industrialized nations. However, due to increased industrialization in countries like as China and India, the market in the Asia Pacific are expected to develop at a quick rate over the projected period.

The production capacity is on the rise as Chinese chemicals and pharmaceutical businesses are anticipated to surge demand for silver nitrate in the nation during the next several years. Advances in medicine and the introduction of electroplating technologies are expected to boost demand for silver nitrate in the Asia Pacific region in the near future.

According to Future Market Insights, North America consumes the most silver nitrate, followed by Europe and Asia Pacific. Rising demand for silver nitrate as a cauterizing agent in developed economies such as the United States and Canada is predicted to drive silver nitrate demand throughout the evaluation period.

Key Segments Profiled in the Silver Nitrate Industry Survey

Grade:

• Analytical Reagent Grade (ARG)
• Active Pharmaceutical Ingredient (API) Grade
• Photographic Grade

Application:

• Photography & Jewellery
• Medicine & Healthcare
• Glass Coating
• Others (Laboratory, Ceramics, etc.)

Region:

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

About Future Market Insights (FMI)

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

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Demand for silver flakes and powders is expected to reach US$ 5 billion in 2022 and is projected to increase at a CAGR of 4.8% to US$ 8 billion by 2032. Due to the increasing demand for its applications, the market for silver flakes and powder is anticipated to rise quite rapidly.

Silver powder and flakes are used by converting it to conductive pastes and adhesives. The high conductivity of silver in the ink form maximize its performance. Silver powder and flakes is largely used in the electronics industry. These powders are also used in adhesives and sealants. The rise in these markets is expected to increase the demand for silver powder and flakes, thus helping the global silver powder and flakes market to grow.

In the global silver powder and flakes market, rise in demand for the hybrid silver coated materials will be seen in the near future. Also, the use of silver nanoparticles for antibacterial use will increase the demand for silver powder and flakes. This increase in the demand is anticipated to project a positive growth on the global silver powder and flakes market. Having said that, the global silver powder and flakes market is expected to witness double digit growth in the forecast period.

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Drivers and restraints

The growing electronics industry is projected to be a major driving factor for the global silver powder and flakes market. Also, the demand for silver powder and flakes is expected to increase due to the rise in the adhesives and sealants industry. It is anticipated that, during the forecast period there will be a shift of trend towards use of hybrid materials that will integrate the use of less conductive and less expensive silver powder and flakes.

The growing automotive industry is also anticipated to be a major driving factor for the global silver powder and flakes market. Though the silver powder and flakes market had been buffeted by rise in silver prices, there are opportunities for the key players who are able to provide customized high quality silver powder and flakes. Also, the shift of trend towards the use of silver nano powders and flakes is expected to be a major restraining factor for the global silver powder and flakes market.

Region – wise outlook:

Geographically, the global silver powder and flakes market can be broadly segmented on the basis of seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia – Pacific, Japan and Middle – East and Africa. North America is expected to be the fastest growing region in the global silver powder and flakes market. Asia pacific is also anticipated to emerge as a leading region in the global silver powder and flakes market. China is expected to witness fast growth in the global silver powder and flakes market.

Major key players:

Some of the key market players identified in the global silver powder and flakes market are:

• E. I. du Pont de Nemours and Company
• Johnson Matthey AgT
• Ferro Corporation
• Ames Goldsmith Corporation
• Mitsui mining & smelting Co.,ltd
• Metalor Technologies SA

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.

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Silver Powder And Flakes Market Segmentation

The global silver powder and flakes market is broadly segmented on the basis of product types as:

• Silver powders
• Silver flakes
• Nano powder and flakes
• Others

The global silver powder and flakes market is broadly segmented based on end use industry into:

• Electronics and electrical
• Photovoltaics
• Silver inks
• Automotive
• Adhesives
• Others

About Future Market Insights (FMI)

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

Contact Us:

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