Commercial RAC PD Compressor Market is Projected to Exhibit a Strong 4.0% CAGR from 2022 to 2028, Says FMI

The global commercial RAC PD compressor market is expected to reach US$ 5.1 billion in 2022, growing at a robust 4.0% CAGR between 2022 and 2028, according to a new market research report by Future Market Insights.

The study looks into the commercial RAC PD compressor market and offers key insights from 2022 to 2029. Over the forecast period, global demand for commercial RAC PD compressors is expected to be supported by an increase in food and beverage production, as well as increased cold chain capacity to ensure efficient food storage.

According to the FMI study, commercial RAC PD compressor manufacturers are leveraging energy technologies to offer cost-effective products with a lower carbon footprint as several government policies continue to support the production and use of environmentally friendly refrigerants.

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East Asia Commercial RAC PD Compressor Market Attractiveness Rising

Regions such as East Asia, North America and South Asia, are projected to capture substantial market shares in terms of value. However, the East Asia commercial RAC PD compressor market is estimated to project lucrative growth during the forecast period of 2019-2029. This growth is driven by the rapid increase in cold storage food trucks in countries such as China, South Korea, and Japan.

Moreover, significant changes in living standards and improving macro-economic scenario have led to a substantial surge in the number of organized retail stores, worldwide. The prompt growth of the organized retail sector considered by the rise in the number of hypermarkets, supermarkets etc., is anticipated to drive the growth of the overall food chain, that in turn, is expected to boost the sales of commercial RAC PD compressor for refrigerated display cases and other refrigeration equipment. The commercial RAC PD compressor market is likely to grow at a significant rate during the forecast period, supported by the increase in the number of retail stores across the globe.

Supermarkets and Convenience Stores to Remain Key End-Use Sectors of Commercial RAC PD Compressor

The global market of commercial RAC PD compressors has been segmented based on different types of Commercial RAC PD compressors, their multiple applications, and regions such as Latin America, North America, Europe, East Asia, South Asia, and Oceania and MEA.

By refrigeration, the commercial RAC PD compressor market has been categorized into R134A, R290, R410A, R744, R404A, R407C, and others. Among these, the R410A segment is expected to grow at a high pace, owing to its various advantages such as stretched cooling capacity, better efficiency, and size reduction of the compressor

By product type, the commercial RAC PD compressor market is segmented into reciprocating and scroll compressors. The reciprocating compressor accounts for nearly 64% value wise share, on account of its wide application in various commercial refrigeration equipment in the global commercial RAC PD compressor market.

Commercial RAC PD Compressor Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global Commercial RAC PD Compressor market such as are The Danfoss Group, Huayi Compressor Co., Ltd, Midea Group, Emerson Electric Co., Nidec Corporation, Mitsubishi Electric Corporation, Panasonic Corporation, United Technologies, Corporation, GEA Group AG, MAYEKAWA MFG. CO., LTD.

The global Commercial RAC PD Compressor market is significantly consolidated with some players holding prominent shares of the market. Tier-1 manufacturers account for ~15%-20% of the global market with revenue from the Commercial RAC PD Compressor market of ~US$ 800Mn. Tier-1 manufacturers includes are The Danfoss Group, Huayi Compressor Company Ltd. and United Technologies Corporation

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Commercial RAC PD Compressor Market by Category

Product Type:

  • Reciprocating Commercial RAC PD Compressor
  • Scroll Commercial RAC PD Compressor

Cooling Capacity:

  • Less than 6 Kw Commercial RAC PD Compressor
  • 7-10 kw Commercial RAC PD Compressor
  • 11-15 kw Commercial RAC PD Compressor
  • 16-20 kw Commercial RAC PD Compressor
  • 21-30 kw Commercial RAC PD Compressor
  • 30-50 kw Commercial RAC PD Compressor
  • 50-100 kw Commercial RAC PD Compressor
  • 100-200 kw Commercial RAC PD Compressor

Refrigerant

  • R290 Commercial RAC PD Compressor
  • R404A Commercial RAC PD Compressor
  • R410A Commercial RAC PD Compressor
  • R744 Commercial RAC PD Compressor
  • R134A Commercial RAC PD Compressor
  • R407C Commercial RAC PD Compressor

Application

  • Refrigeration Commercial RAC PD Compressor
  • Air Conditioning Commercial RAC PD Compressor

End-use Sector:

  • Supermarkets and Convenience Stores
  • Hotels & Restaurants
  • Office and Institutions
  • Food & Beverages Transport
  • Others

Region:

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

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Global Diamond Core Drilling Market is expected to boost 6.3% CAGR over the forecast period 2023 to 2033 | Get Customized Reports

The global diamond core drilling market is expected to grow at a CAGR of 6.3% during the forecast period. The market is expected to be worth US$ 2 billion in 2023 and US$ 3.7 billion by 2033.

The primary market driver is thought to be an increase in construction activities as a result of population growth. People are migrating from villages to cities in search of better opportunities, resulting in rapid urbanisation. Aside from that, the number of mining operations has grown, particularly in the oil and gas industry.

Aside from that, governments around the world are making massive investments to improve infrastructure. This can be seen in the form of offshore drilling projects and the establishment of oil rig hubs. The investment in the exploratory wells project has also increased.

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The diamond core drilling machines offer robust mechanical capabilities as compared to a lot of other forms of drilling machines. In addition to reducing fractures, these machines also operate at a very high precision. Moreover, these also act as a replacement for chisel, drilling tools, etc. which also shows the multifunctionality of these machines.

In the current times, the investors and end-users are impressed with AI enabled diamond core drilling machines. The ability to work at a very high efficiency, coupled with the feature to differentiate different kinds of metals has grabbed a lot of attention. The ability to ensure that minimum number of workers are employed in this process allows companies to put human capabilities at other aspects. This might increase the demand for diamond core drilling machines during the forecast period.

However, the high cost associated with these machines might challenge the market growth during the forecast period. There are also rising cases of illness associated with the usage of diamond core drilling machines.

Thus, from the insights provided by FMI analysts, it can be inferred that, “surge in the construction activities, introduction of AI enabled drilling machines, and a lot of other factors are expected to surge the sales of diamond core drilling machines during the forecast period.”

Key Takeaways:

  • The diamond core drilling market is expected to grow at a CAGR of 6.3% during 2023-2033.
  • The market is valued at US$ 2 billion in 2023.
  • By 2033, the market is expected to reach a valuation of US$ 3.7 billion.
  • Asia Pacific is expected to be the largest market during the focus period.
  • USA diamond core drilling market is expected to grow at a CAGR of 3.1%.
  • UK market is projected to surge at a CAGR of 7.5%.
  • China market is anticipated to advance at a CAGR of 10.5%.
  • Japan market is all set to grow at a CAGR of 5.4%.
  • South Korea market is expected to grow at a CAGR of 7.6%.
  • Based on the operation type, the rig operated segment is expected to be the largest segment, and is projected to grow at a CAGR of 6.2%.
  • Based on the drilling technique, the stitch drilling segment is expected to be the largest segment, and is estimated to grow at a CAGR of 6.9%.

Competitive Landscape

The key players operating in the market are focusing on technological upgradation and are making massive investments in R&D. Apart from that, the focus also happens to be revolving around sustainable development. There are also investments being made in the activities pertaining to mergers to acquisitions.

Some of the recent developments in the diamond core drilling market are:

  • In June 2022, Hilti released a lot of new features for its semi-automatic robot, ‘Jaibot’.
  • In August 2022, Atlas Copco launched its latest high pressure nitrogen generation skid package that offers enhanced performance.

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Diamond Core Drilling Market Segmentation

By Operation Type:

  • Hand Held,
  • Rig Operated

By Drilling Technique:

  • Stitch Drilling,
  • Underwater Diamond Drilling,
  • Surface Drilling,
  • Underground Drilling

By Drilling Type:

  • Rotary Drilling,
  • Wireline Drilling

By End Use:

  • Construction Industry,
  • Mining Industry (Open Pit Mines, Closed Pit Mines)

By Region:

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

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Mobile Fuel Delivery Market Size to Reach US$ 9.3 Billion by 2032 | CAGR of 6.8%

The market for mobile fuel delivery is estimated to generate US$ 4.8 billion in revenue in 2022 and US$ 9.3 billion by 2032, with a CAGR of 6.8% predicted for the forecast period (2022-2032).

One of the main factors promoting the growth of the mobile gasoline delivery industry is the rising sales of high-performance vehicles and supercars. The global mobile fuel delivery industry is likely to experience technical advancement due to an increase in sales of high-performance vehicles.

Engine downsizing and component weight reduction have led to a plethora of improvements, creating a wide range of market potential for mobile fuel delivery. The fuel delivery system is made up of a number of crucial elements that each play a crucial part in the proper distribution of fuel, so the size of the mobile fuel delivery market is also growing.

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The adoption of mobile fuel delivery systems from all over the world has been sparked by increases in the sales of commercial and passenger vehicles as well as an increase in the demand for vehicles running on alternative fuels. Changes in consumer lives and a rise in the need for comfortable transportation are both contributing to the mobile fuel delivery market trends.

The spike in demand for oil and gas as a result of urbanization, industrialization, and population growth is what is driving the demand for mobile fuel delivery. The mobile fuel delivery market is divided into segments based on fuel type, machinery, end-use, and geography.

Key Takeaways:

  • North America’s mobile fuel delivery market is likely to offer numerous opportunities and holds a major mobile fuel delivery market share due to the demand for new and sophisticated vehicles.
  • Asia-Pacific is expected to move forward at a rapid pace in the global mobile fuel delivery market, owing to rising demand for vehicle fuel delivery systems in the region.
  • Europe is regarded as a mature market with slow growth in comparison to others. Furthermore, improved financial and population status are expected to drive global market expansion.
  • The sale of passenger and commercial vehicles is expected to rise in emerging economies such as India and China in the coming years.
  • The mobile fuel delivery market size accounted for US$ 4.6 billion in 2021.

Competitive Landscape:

Some of the leading mobile fuel delivery companies include InstaFuel, Fuel logic, Shipley Energy, OCCL, The Fuel Delivery, Booster Fuels, Filld, Cafu, UAE, Gaston Services, Fuelster Technologies Inc., Rhino Fuel, Atlas Oil, HPCL, BPCL, Shell, Repos Energy, Ezfill.

A few of the recent developments in the mobile fuel delivery market are as follows:

  • In India, Stanadyne introduces innovative and low-cost gasoline and diesel systems.
  • Mercedes-Benz presented diesel pre-production hybrid models at the Geneva Motor Show.
  • Pricol has announced the development of a new line of fuel pump modules for Bajaj and a few other customers.

This vertical is heavily reliant on Chinese imports, and the company is actively working to localize many of the key import parts over the next 12 months, thereby reducing our FOREX outflow.

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Key Segments

By Fuel Type:

  • Diesel
  • Diesel Exhaust Fluid
  • Red Diesel
  • Gasoline
  • Bulk Fuel

By Equipment:

  • Truck
  • Generators
  • Construction Equipment
  • Landscaping Equipment
  • Reefers
  • Bulk Tanks

By End Use:

  • Residential
  • Commercial
  • Agriculture

By Region:

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

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

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage/ Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Product USPs / Features

4.3. Strategic Promotional Strategies

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Future Market Insights (ESOMAR-certified market research organization and a member of the 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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Neuromarketing Solutions Market will Reach a Value of US$ 3.2 Billion by 2032 at a CAGR of 7.5%

The market for neuromarketing solutions, which had a value of US$ 1.6 billion in 2022, is anticipated to rise at a CAGR of 7.5% and reach US$ 3.2 billion by 2032. Although the industry for neuromarketing solutions appears to have a promising future, regulatory, financial, technological, and scalability challenges may restrict the sector’s expansion in the years to come.

In the fields of media, advertising, and telecommunications, neuromarketing has become more popular. The market for neuromarketing solutions is being driven by various well-known corporations that are heavily funding research into a variety of topics related to neuromarketing in an effort to better understand consumers’ responses to media and marketing efforts. The demand for neuromarketing solutions is mostly being driven by the requirement to study consumer behaviour.

The impact of Covid-19 on the market for neuromarketing solutions is noticeably positive in the immediate term because a proper analysis necessitates a big sample of data. However, data collected from the actual world, such as brick-and-mortar shops, will be greatly reduced because people are being confined to their homes as a result of the global lockdown.

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Due to the disruption of the global supply chain and the closure of manufacturing facilities as a result of regulations being implemented by various nations across the world, the creation of neuromarketing solutions was slightly hindered.

Functional magnetic resonance imaging (fMRI), magnetoencephalography (MEG), eye tracking, electroencephalography (EEG), and positron emission tomography (PET) based on technology are the segments of the market for neuromarketing solutions.

With a 47.6% market share, the fMRI sector came out on top for neuromarketing solutions, followed closely by the EEG sector. Although end users are concerned about the mobility and cost of fMRI equipment, demand for this technology will not be affected in the next years, ensuring the segment’s continued dominance.

The second most often employed technology in neuromarketing solutions is EEG, and that trend is expected to continue in the next years. Eye tracking is anticipated to catch the attention of professionals working in the field of advertising research in the near future. Most eye tracking technology is employed in media studies and advertising.

 

Key Takeaways:

  • In the technology sector, Functional Magnetic Resonance Imaging (fMRI) from the neuromarketing solutions market is anticipated to flourish at the quickest CAGR of 8.2% through 2032.
  • The market size for neuromarketing solutions market in the United States is expected to reach US$ 1201.7 Million by 2032, growing at a CAGR of 8.4% during the forecast period.
  • United Kingdom is anticipated to reach a market size of US$ 411.9 Million in Neuromarketing solutions by 2032, with a CAGR of 8.1% during the forecast period.
  • China’s Neuromarketing solutions market is anticipated to be worth US$ 305.9 Million by 2032, with a CAGR of 9.7% over the forecast period.
  • Saudi Arabia is expected to have a market size for Neuromarketing solutions of US$ 75.6 Million by 2032, with a CAGR of 6.1% during the forecast period.
  • By 2032, Brazil is expected to reach a market size of US$ 46.9 Million in neuromarketing solutions, with a CAGR of 5.5% during the forecast period.

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Competitive Landscape:

The global market for neuromarketing solutions has a highly consolidated competitive landscape. Some of the top competitors in this market are

  • EB Neuro S.p.A.,
  • Cadwell Industries Inc.,
  • Compumedics Ltd.,
  • ISCAN Inc.,
  • SR Research,
  • LC Technologies,
  • SensoMotoric Instruments,
  • iMotions, and
  • Tobii Technology.

Recent Development:

  • Uniphore acquires Emotion Research Lab, a video and emotion AI business, in January 2021. Emotion Research Lab is a major software developer that combines AI and machine learning to detect emotion and engagement levels in video-based interactions in real time. Emotion Research Lab’s broad video-focused AI capabilities will enable totally new applications and experiences throughout the business when joined with Uniphore’s CSA technologies, which comprehend, analyse, and automate voice interactions in real-time.
  • Neuro-ID, a supplier of behavior-as-a-Service (BaaS) technology, announced a USD 7 million Series-A funding round in December 2020. Fin VC and TTV Capital lead the investment round. Canapi Ventures also took part in the round. Human Analytics from Neuro-ID makes it easier to gain access to an organization’s behavioural data, revealing important insights into an interaction’s intent and the unique mentality of the digital customer experience. Neuro-technologies ID’s enable tracking real-time activities, increasing traditional fraud screening by capturing complex kinds of fraud, such as bots, that might defy historical or static data, while also guaranteeing that the best candidates are not erroneously targeted as false positives.

Table of Content

1. Preface | Neuromarketing Solutions Market

1.1. Market Definition and Scope

1.2. Market Segmentation

1.3. Key Research Objectives

1.4. Research Highlights

2. Assumptions and Research Methodology

3. Executive Summary: Global Market

4. Market Overview

4.1. Introduction

4.2. Market Dynamics

4.2.1. Drivers

4.2.2. Restraints

4.2.3. Opportunities

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About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will 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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Zeolite for Detergents Market Projected to Grow at a value of 2.7% CAGR between 2022 and 2028

Future Market Insights delivers key insights on the global zeolite for detergents market in its latest report titled ‘Zeolite for Detergents Market: Global Industry Analysis 2013 to 2021 and Opportunity Assessment 2022 to 2028’. The long-term outlook of the global zeolite for detergents market remains positive with the market value expected to increase at a CAGR of 2.7% during the forecast period (2022 – 2028).

Among product type segments, the Zeolite A segment is expected to expand at a significant CAGR in terms of value and volume over the forecast period. The global sales of zeolite for detergents is estimated to be valued at US$ 1,494.9 Mn by the end of 2022.

North America is estimated to account for a value share of 24.7% in the global zeolite for detergents market by 2022 end and it is anticipated to retain its dominance throughout the forecast period. In this report, Future Market Insights throws light on drivers and restraints likely to impact the market during this period.

Zeolite for Detergents Market: Dynamics Influencing Revenue Growth

Increasing demand for powder and liquid detergents across the globe is the key driving factor for the growth of the zeolite for detergents market. Moreover, restrictions or limitations on the use of phosphate compounds in detergents across the globe result in an increase in the demand for zeolites as alternative materials.

Further, with growing economic prosperity, rising disposable income and increasing purchasing power, the demand for personal care and home care products is increased in developing countries. This increasing demand will in turn help drive raw material markets such as zeolite, surfactant, and additive, among other.

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Further, increasing demand for and consumption of eco-friendly alternative products across the globe provide impetus for the growth of the zeolite for detergents market. Further, several zeolites manufacturers are focusing on providing customized product offerings in order to gain a competitive edge over other players.

Zeolite for Detergents Market: Segmentation Analysis

The zeolite for detergents market can be segmented on the basis of product type as Zeolite A, Zeolite P and Zeolite X & AX.

  • On the basis of product type, the zeolite A segment is estimated to dominate the market in terms of value over the forecast period
  • The Zeolite X and AX segment is estimated to grow with a significant CAGR as compared to other types over the forecast period. It is expected to represent a total incremental opportunity of US$ 52 Mn between 2022 and 2028

Zeolite for Detergents Market: Regional Market Projections

North America is expected to dominate the market with a 24.7% market share in terms of revenue in the global zeolite for detergents market by the end of 2022. After North America, Western Europe is expected to account for a dominant revenue share in the global zeolite for detergents market through 2028.

The China market is projected to hold a significant market share in terms of value in the global zeolite for detergents market over the forecast period, exhibiting a CAGR of 3.0%.

Zeolite for Detergents Market: Vendor Insights

Some of the players reported in this study on the global zeolite for detergents market are PQ Group Holdings Inc., Chalco Shandong Advanced Material Co. Ltd, National Aluminium Company Limited, Anten Chemical Co. Ltd., Silkem d.o.o., IQE Group, Gujarat Credo Mineral Industries Ltd., Sachem Inc., Huiying Chemical Industry (Xiamen) Co. Ltd., Manek Group (Manek Mineral), Kunjan Silicate Pvt. Ltd., Fujian Risheng Chemical Co. Ltd., Guangzhou Hengbang Fine Chemical Co. Ltd., Huiying Chemical Industry (Quanzhou) Co. Ltd., and Luoyang Jianlong Chemical Industrial Co. Ltd., among others.

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What was the Impact of COVID-19 Crisis on Zeolite for Detergent Business?

Covid-19 pandemic had put a dent on the chemical industry, which is expected to get the recovery in second half of 2021. Several production facilities in many countries were entirely shut down because of the lockdown, which had a direct impact on sales of zeolite for detergent.

However, the pandemic led to the products used in households soaring high. Zeolite for detergent was increasingly used in households in the pandemic as a replacement to phosphate type builders.

As numerous production facilities have reopened, the industry is progressively rebounding from losses, resulting in positive sales prospects for detergent zeolite. Increasing prospects of zeolite A for use in detergents as a detergent builder are also expected to boost demand for the zeolites in the forthcoming years.

Table of Content

  1. Executive Summary

1.1. Market Overview

1.2. Market Analysis

1.3. FMI Analysis and Recommendation

1.4. Wheel of Fortune

  1. Market Introduction

2.1. Market Definition

2.2. Taxonomy

  1. Market Viewpoint
  2. Market Dynamics

4.1.1. Drivers

4.1.2. Restraints

4.1.3. Trends

4.1.4. Value Chain

4.1.5. Cost Structure

4.1.6. Manufacturing Process

  1. Porters Analysis

TOC continued…!

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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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Fiberglass Market Predicted to Rise at a CAGR of 4.3% over the forecast period (2022 to 2028)

According to the global fiberglass market report, the rovings segment by product type is expected to dominate the overall market accounting for over 57% revenue share by 2028-end. The fiberglass (glass fiber) market is expected to register a CAGR of 4.3 % during the forecast period (2022 – 2028). The global fiberglass (glass fiber) market is expected to expand at a CAGR of 4.3 %, accounting for US$ 13.1 Bn by the end of 2028.

Global Fiberglass (Glass Fiber) Market Dynamics  

With the growing need for developing walls, doors, windows, and roofs, demand for fiberglass is likely to remain high in the construction industry. Glass fiber is also used as a composite in the construction industry. Manufacturers are utilizing GFRC (glass fiber reinforced concrete), which contains hydrated cement, glass fibers and sand for diverse construction purposes. Incorporation of the fiberglass enables manufacturers to integrate robust features such as anti-corrosiveness, high compressive strength, tensile strength and lightweight. In addition, manufacturers prefer utilizing fiberglass pertaining to the low maintenance cost and erosion. On the account of these factors, growth of the global market is expected to remain positive over the coming years.

Further, growing number of construction projects in various developing countries such as India, Brazil, and China have led manufacturers to invest in fiberglass as an effective insulation component. As fiberglass continues to remain a cheaper alternative for insulation in the construction industry, the global fiberglass (glass fiber) market is likely to witness a significant growth during the forecast period

However, increasing instances of health hazards such as rashes on the skin, irritation in eyes and stomach and soreness in throat and lungs among workers and constructors due to fiberglass have posed challenges to the market growth. As the small glass fibers have the ability to reach the lower parts of internal organs such as stomach, lungs, and skin, risks related to adverse health effects continue to persist. Due to the adverse health effects of fiberglass, manufacturers are looking out for cheaper and safe alternatives. Based on these factors, growth of the global fiberglass (glass fiber) market is likely to face headwinds during the forecast period

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Major players identified in the fiberglass (glass fiber) market are focusing on increasing their production capacities and acquisition to enhance their operational efficiency, and product portfolio. Also, strategic collaboration and joint venture witnessed among leading market players are likely to improve sales and distribution network. Due to these factors, growth of the global market is expected to gain speedy momentum during the forecast period.

Global Fiberglass (Glass Fiber) Market Competitive Landscape

Some of the players identified in the global fiberglass (glass fiber) market are Owens Corning, PFG Fiber Glass Corporation, CPIC Abahsain Fiberglass M.E., W.L.L., Chongqing Polycomp International Corp, and Jushi Group Co., Ltd. among others. Over the recent past, the industry players have focused on acquisitions and increasing their production capacities to meet the growing demand from various end-user industries.

Key Segments of Fiberglass Industry Survey

Fiberglass Market by Product Type:

  • Fiberglass Rovings
  • Fiberglass Mats
  • Fiberglass Strands
  • Fiberglass Fabrics

Fiberglass Market by Glass Type:

  • S-Glass
  • C-Glass
  • E-Glass
  • ECR-Glass
  • Others

Fiberglass Market by Application:

  • Automotive
  • Aerospace & Defense
  • Wind Energy
  • Construction
  • Marine
  • Sports & Leisure
  • Pipes & Tanks
  • Others

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Table of Content

1. Executive Summary

  1.1. Market Overview

  1.2. Market Analysis

  1.3. FMI Analysis and Recommendations

  1.4. Wheel of Fortune

2. Market Introduction

  2.1. Market Definition

  2.2. Market Taxonomy

3. Fiberglass Market Background

  3.1. Macro-Economic Factors

  3.2. Opportunity Analysis

  3.3. Porter’s Analysis

4. Global Fiberglass Market Analysis 2013–2021 and Opportunity Assessment 2022–2028

  4.1. Market Volume Projections

  4.2. Pricing Analysis

  4.3. Market Size Projections

  4.4. Global Glass Type, Product Type matrix, 2021

  4.5. Global Glass Type, Application matrix, 2021

5. Global Fiberglass Market Analysis 2013–2021 and Opportunity Assessment 2022–2028, Product Type

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Payment Processing Solutions Market to Display Impressive Growth of 9.9% with Rising Demand | FMI

The market for payment processing solutions is anticipated to reach US$ 231.7 billion by 2032, growing at a 9.9% CAGR over that time. The market is anticipated to be significantly driven throughout the projected period by the expanding applications of smartphones and the expanding use of the internet globally.

Additionally, supportive actions are being made by a number of nations, including France, India, and others, which are predicted to improve the market during the forecast period. To facilitate digital payments throughout the nation, the Indian government created the Unified Payments Interface (UPI). To encourage contactless payments, the French National Cashless Payments Committee was founded in 2015.

Global financial inclusion is increasing, and there are expected to be many chances for market expansion in the future. The Reserve Bank of India estimates that by the end of March 2021, India’s Financial Inclusion Index would have reached 53.9. The market size is anticipated to increase throughout the forecast period as a result of the rising financial inclusion in emerging economies.

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Key Takeaways from the Market Study:

  • The global payment processing solutions market to secure US$ 90.4 Billion in 2022
  • The global payment processing solutions market is expected to exhibit a CAGR of 9.9% from 2022- to 2032
  • By payment method, the credit card segment is projected to expand at a CAGR of 9.3% during the forecast period
  • The U.S market to value US$ 75.1 Bn by 2032
  • Market in China to grow by 8.6% CAGR from 2022- to 2032
  • The U. K market to hold a value of US$ 10.3 Bn by 2032
  • By mode of deployment, the cloud-based segment is expected to exhibit a growth rate of US$ 8.9% during the assessment period.
  • Market in Japan is to expand by 8.6% CAGR by the end of the forecast period.

Competition Analysis 

Major players in global payment processing solutions include Mastercard, Global Payments, Paypal, Visa, Wirecard, and others. Recent developments in the industry are:

  • In October 2021, Zettle Terminal was launched. It is a new, all-in-one point-of-sale solution that provides increased mobility in-store for SMEs. By 2022, Zettle Terminal would reach the U.S. It has already been launched in the U.K. in 2021.
  • In November 2021, Fiserv announced the launch of Clover Online Ordering with Delivery. It offers flexible food delivery services with menu management, payment processing, and orders through the newly introduced platform.

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global payment processing solutions market, presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

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Key Segments Profiled in the Payment Processing Solutions Market

Payment Processing Solutions by Payment Method:

  • Debit Card Payment Processing Solutions
  • Credit Card Payment Processing Solutions
  • E-Wallet Payment Processing Solutions
  • ACH Payment Processing Solutions
  • Other Payment Processing Solutions

Payment Processing Solutions by Mode of Deployment:

  • On-Premises Payment Processing Solutions
  • Cloud-Based Payment Processing Solutions

Payment Processing Solutions by Vertical:

  • Payment Processing Solutions for BFSI
  • Payment Processing Solutions for Government and Utilities
  • Payment Processing Solutions for Telecom and IT
  • Payment Processing Solutions for Healthcare
  • Payment Processing Solutions for Real Estate
  • Payment Processing Solutions for Retail and E-Commerce
  • Payment Processing Solutions for Media and Entertainment
  • Payment Processing Solutions for Travel and Hospitality
  • Payment Processing Solutions for Other Verticals

Payment Processing Solutions by Region:

  • North America Payment Processing Solutions Market
  • Europe Payment Processing Solutions Market
  • Asia-Pacific Payment Processing Solutions Market
  • Middle East & Africa Payment Processing Solutions Market
  • Latin America Payment Processing Solutions Market

Table of Content

1. Executive Summary | Payment Processing Solutions Market

1.1. Global Market Outlook

1.2. Summary of Statistics

1.3. Key Market Characteristics & Attributes

1.4. FMI Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Risks and Trends Assessment

3.1. Risk Assessment

3.1.1. COVID-19 Crisis and Impact on Demand

3.1.2. COVID-19 Impact Benchmark with Previous Crisis

3.1.3. Impact on Market Value (US$ Million)

3.1.4. Assessment by Key Countries

3.1.5. Assessment by Key Market Segments

3.1.6. Action Points and Recommendation for Suppliers

3.2. Key Trends Impacting the Market

3.3. Formulation and Product Development Trends

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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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Commercial Satellite Imaging Market Size to Reach US$ 12.4 Billion by 2032 | CAGR of 7.9%

The projection period is expected to see a 7.9% CAGR for the commercial satellite imaging market, which is expected to generate US$ 12.4 billion. In the near future, market expansion is probably going to be fueled by the increasing backing from several governments. In 2021 and 2022, respectively, the trade is predicted to bring in US$ 5.2 billion and US$ 5.8 billion.

The government of many nations has been motivated to invest in the sector as a result of the growing significance of satellite imaging, which will probably help the market. For instance, the Australian government contributed USD 260 million towards satellite technology advancement and job creation. In a similar vein, BlackSky, a prominent participant in geospatial intelligence, stated that it had obtained a US$ 50 million loan from Intelsat, the world leader in satellite technology, to fund its

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The global commercial satellite imaging industry is projected to have lucrative potential in the military and defense sectors. A number of developing nations are significantly increasing their defense and military spending, creating attractive potential for market participants. For instance, according to SIPRI, the United States spent US$ 717 billion on its military in 2019.

Key Takeaways:

  • By end-use, the government segment is expected to record an 8.1% CAGR by 2032
  • By application, the defense and intelligence segment to expand at a 7.9% growth rate during the forecast period
  • The U.S market to garner US$ 3 Billion and record a 7.2% CAGR from 2022-2032
  • Market in China to procure US$ 1.2 Billion, expanding at a 9.2% growth rate during the assessment period

“Increasing concerns with respect to national security is likely to encourage various countries to strengthen their satellite imaging systems, which will benefit the market in the forecast period.” 

Competitive Landscape

  • Key players in the global commercial satellite imaging market include Planet Labs, Inc., DigitalGlobe, Inc., Exelis, Inc., Trimble Navigation Limited, and Telespazio, among others. Recent developments among key players are:
  • In July 2019, DigitalGlobe launched OpenStreetMap imagery endpoints. It will allow the users of OpenStreetMap to observe uniformity in content between the previous and new layers. The imagery is expected to be more often updated by using the latest Maxar mosaic content. The augmented production processes are projected to benefit OSM contributors.
  • In February 2020, the Air Force Life Cycle Management Centre announced a strategic partnership with L3Harris Technologies to develop a software platform. The software is expected to make it convenient for analysts to use AI to locate objects in large data sets, thereby, addressing urgent defense requirements for automation to observe and analyze large geospatial data sets.

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More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global commercial satellite imaging market presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of End-Use (Government, Commercial Enterprise, Civil Engineering, Military, Forest, Agriculture, Energy Sector, Insurance), Application (Energy, Geospatial Technology, Natural Resources Management, Construction and Development, Disaster Response Management, Defense and Intelligence, Conservation, and Research, Media and Entertainment), and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America)

Key Segments Covered In The Commercial Satellite Imaging Industry Survey

Commercial Satellite Imaging by End Use:

  • Commercial Satellite Imaging for Governments
  • Commercial Satellite Imaging for Commercial Enterprises
  • Commercial Satellite Imaging for Civil Engineering
  • Commercial Satellite Imaging for Military
  • Commercial Satellite Imaging for Forests
  • Commercial Satellite Imaging for Agriculture
  • Commercial Satellite Imaging for the Energy Sector
  • Commercial Satellite Imaging for Insurance

Commercial Satellite Imaging by Application:

  • Commercial Satellite Imaging in Energy Generation
  • Commercial Satellite Imaging in Geospatial Technology
  • Commercial Satellite Imaging in Natural Resources Management
  • Commercial Satellite Imaging in Construction and Development
  • Commercial Satellite Imaging in Disaster Response Management
  • Commercial Satellite Imaging in Defense and Intelligence
  • Commercial Satellite Imaging in Conservation and Research
  • Commercial Satellite Imaging in Media and Entertainment

Commercial Satellite Imaging by Geography:

  • North America Commercial Satellite Imaging Market
  • Europe Commercial Satellite Imaging Market
  • Asia-Pacific Commercial Satellite Imaging Market
  • Middle East & Africa Commercial Satellite Imaging Market
  • Latin America Commercial Satellite Imaging Market

Table of Content

1. Preface | Commercial Satellite Imaging Market

1.1. Research Scope

1.2. Market Segmentation

1.3. Research Methodology

2. Executive Summary

2.1. Market Snapshot: Global Market, 2021 to 2032

2.2. Global Market Revenue, 2013 to 2023 (US$ Million) and Y-o-Y Growth (%)

3. Global Market Analysis

3.1. Key Trends Analysis

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.3. Value Chain Analysis

3.4. Global Market Analysis, By End-use Industry

3.4.1. Overview

3.4.2. Government

3.4.3. Commercial Enterprises

3.4.4. Civil Engineering Industry

3.4.5. Military

3.4.6. Forest

3.4.7. Agriculture

3.4.8. Energy Sector

3.4.9. Insurance

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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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Ferrovanadium Market to Grow with a CAGR of 5.1% in 2028 – FMI study

According to a new market report published by Future Market Insights, the global Ferrovanadium market is estimated to a reach value of US$ 3,547.6 Mn by 2022 end and is expected to expand at a CAGR of 5.0% from 2022 to 2028 and reach a market value of US$ 5,776.5 Mn by 2028.

Ferrovanadium is an alloy used to strengthen steel. It is a combination of iron and vanadium in which vanadium content varies from 35%-80%. It is used as an additive to enhance the quality of ferroalloys. When added to steel, the products are light in weight with extremely high tensile strength. The market for ferrovanadium is primarily driven by increasing demand for high strength steel and high strength low alloy steel from the construction and automotive and transportation industries. The growth of these industries will be the key contributor responsible for the growth of the market of ferrovanadium during the forecast period. As these industries are most prominent industries consuming majority of the steel consumption across the globe.

In terms of market value, China is expected to dominate the global ferrovanadium market during the forecast period. The Chinese ferrovanadium market is anticipated to witness additional demand for ferrovanadium in the coming years, mainly due the revised standards by the Chinese government for increasing the tensile strength of rebar products. The new rebar have high earthquake resistance, which will create higher demand for ferrovanadium for the manufacturing of steel as increasing the quantity of ferrovanadium in the production mix results in improved tensile strength.

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Western Europe is expected to be the second largest market for ferrovanadium and accounted for a revenue share of around 17.2% in the global ferrovanadium market value in 2021. This regional market is slated to expand at a CAGR of around 4.3% between 2022 and 2028.

On the basis of grade, the FeV80 grade segment is projected to dominate the global ferrovanadium market throughout the forecast period. Due to increasing adoption of FeV80 in the production of light weight and high strength steel products, this segment is expected to be the fastest growing segment in terms of product type in the global ferrovanadium market during the forecast period. In terms of market value, the FeV80 segment is expected to expand at a CAGR of 5.1% between 2022 and 2028.

Names of some of the market participants involved in the production of Ferrovanadium are EVRAZ, AMG Advanced Metallurgical Group, Bear Metallurgical Company, TREIBACHER INDUSTRIE AG, Reade International Corp., Masterloy Products Company, Hickman Williams & Company, JINZHOU GUANGDA FERROALLOY CO., LTD, TAIYO KOKO Co., Ltd., Woojin Ind. Co., Ltd., JAYESH GROUP, Pangang Group Vanadium Titanium & Resources Co., Ltd., and NTPF Etalon Co., Ltd. The players in the global ferrovanadium market are mostly performing self-integrated operations.

Either they are vanadium manufacturers and are providing ferrovanadium or they are manufacturers of ferrovanadium as well as steel. This kind of self-integrated operations is creating raw material security and hence players are focussed on expansion of their market share using these capabilities.

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Ferrovanadium Market By Category

By Grade

  • FeV 40
  • FeV 50
  • Fev 60
  • FeV 80
  • Nitrided Ferro Vanadium

By Production Method

  • Aluminothermic Reduction
  • Silicon Reduction

By End Use

  • Aerospace
  • Automotive & Transport
  • Construction
  • Oil & gas
  • Industrial Equipment
  • Others

By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • China
  • India
  • Japan
  • SEA & Other APAC
  • Middle East & Africa

Table of Content

  1. Executive Summary

1.1. Market Overview

1.2. Market Analysis

1.3. FMI Analysis and Recommendations

1.4. Wheel of Fortune

  1. Market Introduction

2.1. Market Definition

2.2. Market Taxonomy

  1. Ferro Vanadium Market Background
  2. Global Ferro Vanadium Market Analysis 2013–2021 and Opportunity Assessment 2022–2028

TOC continued…!

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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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Hydrofluoric Acid Market Projected to Grow at a CAGR of 3.7% between 2022 and 2032

With the increasing sale of cookware and cable wire, coupled with the rise in the need for hydrofluorocarbons (HFCs) and hydrofluorolefins (HFOs), the overall demand for hydrofluoric acid is projected to grow at a CAGR of 3.7% between 2022 and 2032, totaling around US$ 2.63 Million by 2032. The global hydrofluoric acid market is expected to be valued at US$ 1.83 Million in 2022.

A rise in the production level of fluorochemicals in the U.S. and Germany is further favoring the global demand. In the Asia Pacific region, the increasing production of fluorocarbons and the presence of large-scale manufacturers are expected to boost the market growth. The product demand is anticipated to rise in India during the forecast period on the account of the increasing production of aluminum and aluminum products wherein hydrofluoric acid is a key raw material.

The global market is highly fragmented with the presence of numerous players in both developed and developing economies. Key players are focusing on mergers and acquisitions to increase their presence throughout the value chain. The majority of the industry players are focusing on product advancements aiming at the development of new products with eco-friendly characteristics to cater to a broader application market.

The increasing sale of cookware and cable wire is driving the growth of the hydrofluoric acid market. Hydrofluoric acid is used as a raw material in the aluminum fluoride manufacturing and is also used in the manufacturing of aluminum. The application of aluminum in many industries such as industries and automotive is increasing, which will boost the demand for hydrofluoric acid market.

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Key Takeaways from the Market Study

  • From 2017 to 2021, the market demand expanded at a CAGR of 1.6%
  • By grade, anhydrous hydrofluoric acid to accumulate a market share of 60% in 2022
  • By application, the steel pickling and metal treatment segment dominates the market with a share of 73%
  • North America to emerge as a promising market, capturing nearly 2/5th of global market revenue in 2022
  • Asia Pacific to be an opportunistic market, expected to capture 36.5% revenue
  • Europe to be a significant contributor to the hydrofluoric acid market revenue landscape, accounting for over 30% sales

The growing use of aluminium across end-use sectors like automobile, packaging, and manufacturing, among others are positively influencing the growth of hydrofluoric acid in the global market, remarks an FMI analyst.

Competitive Landscape

Players in the global Hydrofluoric Acid Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

  • In April 2021, EcoGraf announced the acquisition of a contract for a battery anode materials facility for the production of spherical graphite, outside of China with an environmentally safer option to conventional hydrofluoric acid purification processes.
  • In April 2021, Renascor Resources is investigating green finance options for its Siviour Battery Anode Material Project in South Australia, to produce materials for electric vehicle manufacturing facilities through vertical integration strategies.
  • In February 2021, Samsung Electronics revealed the development of a new system aimed to aid in the reuse of high-concentration liquefied hydrogen fluoride cleaning solutions for applications on semiconductor production lines.
  • In 2020, SCHOTT had unveiled applications of hydrofluoric acid for extending the life of temperature resistant, electrochemically stable lithium-ion batteries while preserving their capacity with HF absorbent glass powder to prevent corrosion damage on cells.

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Know More about What the Hydrofluoric Acid Market Report Covers

Future Market Insights offers an unbiased analysis of the global Hydrofluoric Acid Market, providing historical data for 2016-2021 and forecast statistics from 2022-2032.

To understand opportunities in the hydrofluoric acid market, the market is segmented on the basis of grade, and application across six major regions.

Key Players:

  • Gulf Fluor
  • Lanxess AG
  • Solvay SA
  • Honeywell International
  • Buss ChemTech AG
  • Sinochem International Corp.
  • Tanfac Industries ltd.
  • Fubao Group
  • Navin Fluorine International Limited
  • Merck KGaA
  • SRF Limited
  • Gujarat Fluorochemicals Ltd.
  • Stella Chemifa Corporation
  • Morita Chemical Industries Co. Ltd.
  • Soulbrain Co. ltd.

Key Segments Covered in the Hydrofluoric Acid Industry Analysis

Hydrofluoric Acid Market by Grade:
  • Anhydrous
  • Aqueous
Hydrofluoric Acid Market by Application:
  • Fluorochemicals
  • Steel Pickling and Metal Treatment
  • Petroleum Catalyst
  • Glass Etching
  • Electronics & Semiconductors
  • Others

About 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
For Sales Enquiries: sales@futuremarketinsights.com
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