Bagasse Tableware Products Market is anticipated to grow 1.9x the current value by 2032

The market for bagasse tableware items is anticipated to reach US$ 3.0 billion in 2023 and continue to grow at a CAGR of 6.4% from 2023 to 2032. Sales of bagasse tableware as a whole are anticipated to reach US$ 5.2 billion by 2032. One of the main factors influencing the demand for bagasse tableware goods globally is the growing acceptance of bagasse cutlery and packaging options in residential, institutional, and commercial sectors due to their eco-friendly nature.

The global market for dinnerware made from bagasse now accounts for 5-7% of the US$ 45 billion global tableware market.

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During the forecast period, the industry for bagasse tableware items is anticipated to grow as a result of rising consumer demand for environmentally friendly and sustainable tableware, rising consumer awareness of environmental issues, and regulatory limits on the use of single-use plastic goods. From 2023 to 2032, the market for bagasse tableware goods is projected to rise by 1.9 times its current value.

Due to the ban on the use of single-use plastic products in European countries and the high production of sugarcane in South Asian nations like India, South Asia and Europe are expected to hold about 3/5 of the global market for bagasse tableware products during the forecast period.

“Customized eye-catchy eco-friendly bagasse tableware products made from sugarcane residual are becoming increasingly popular for use in institution, commercial, and household sectors. Besides this, growth in quick-service restaurants, mobile food vendors, online food ordering business, and catering services will create attractive prospects for the growth of the market,” says FMI analyst.

Continued Efforts of Manufacturers to Improve the Physical Attributes for Branding to Spur Demand for Bagasse Tableware Products

Bagasse tableware products are in the spotlight due to the rising trend of sustainable living practices. Eco-friendly bagasse tableware products are increasingly replacing products made out of non-biodegradable plastics.

Companies are focusing on introducing innovative and eye-catching designs with new textures and graphics (on-pack promotions) to influence customers to purchase natural, eco-friendly products. Bagasse tableware products are gaining momentum in green-minded cafeterias, the foodservice sector, quick delivery restaurants, and catering services.

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Offering personalized and specialized products according to the customer’s needs is a critical trend in the market. The manufacturers are thus focusing on customizing the product designs as per the consumers’ requirements.

The use of unique customized designs as a billboard space to showcase the logo, messages, and company taglines will enhance the market status of bagasse tableware product manufacturers who offer these services. Using environmentally friendly and sustainable products to improve and enhance the brand image is also a key aim for end users.

The manufacturers strive to improve the product quality by using cutting-edge technology to extend the shelf life and retain the quality and freshness of products for a longer time. They also target innovative product packaging, aesthetic appearance, and overall presentation to attract the customer’s attention. Therefore, to address the growing aspirations of target customers, the manufacturers are offering customized, distinctive, brand identity-based products, which will boost the bagasse tableware products market.

Bagasse Tableware Products Market Landscape

Pactiv Evergreen Inc., Dart Container Corporation, Duni AB, Genpak, LLC, Detpak (Detmold Group), Karat by Lollicup, Vegware US, Eco Products, Inc., Greenweimo, among others are the prominent players in the global bagasse tableware products market. The Tier 1 players in the market hold 25-30% in the global bagasse tableware products market.

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Bagasse Tableware Products Market by Category

By material type:

  • Plates
    • Less than 8 inches
    • 8 inches to 12 inches
    • More than 12 inches
  • Bowls & Containers
    • Less than 12 Oz
    • 12 Oz to 16 Oz
    • More than 16 Oz
  • Cups & Glasses
    • Less than 6 Oz
    • 6 Oz to 12 Oz
    • More than 12 Oz
  • Trays & Clamshell
  • Cutlery (Spoons, etc.)

By application:

  • Food
    • Fruits & Vegetables
    • Processed Food
    • Ready-to-eat meals
    • Soups
    • Others
  • Beverages
    • Carbonated Beverages
    • Non-carbonated Beverages
      • Tea & Coffee
      • Milk Products
      • Juices

By sales channel:

  • Indirect Sales
    • Departmental & Discount Stores
    • Hypermarket/Supermarket
    • Specialty Stores
    • Online Sales
  • Direct Sales

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Rotational Molding Machine Market is projected to reach US$ 1,321 million by 2033

Rotational Moulding Machines Market

In 2023, the market for rotational moulding machines is anticipated to reach US$ 918.7 million. By 2033, the market is anticipated to reach US$ 1,321 million, growing at a 3.7% CAGR. The global packaging machinery market, which was estimated to be worth US$ 60.91 billion in 2022, includes 1% to 2% of rotational moulding machines.

Roto-molding, sometimes referred to as rotational moulding in the plastics industry, is a great way to create seamless and double-walled items. Although it is a casting technique, unlike many other plastics processing methods, it does not involve pressure. The method needs moulds that are relatively inexpensive because there isn’t much pressure. Demand from a number of end-use sectors is increasing as a result of the incredibly affordable production of relatively small production runs.

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The last 50% of the twentieth century saw improvement in the items made, with center around checking the means of the cycle and their effect on consistency and quality. This prompted the making of the Rotolog, to screen and control the cooling perspective, giving guidance for the development of the business.

Rotational checking machines as they exist today are being viewed as an ideal arrangement, with additional applications for the cycle being thought about, the rotational moldings market is probably going to fill soon

As a cycle, rotational embellishment, the utilization of which are profoundly flexible as are progressively being utilized in the assembling items across enterprises. Notwithstanding, the utilization of rotational embellishment machines for the production of holders, for example, tanks is probably going to stay high while the drums and containers and comparative items are additionally getting momentum.

In view of the sort of machine, rotational embellishment machines can be delegated Rock and roll machine, clamshell machine, vertical or up and over rotational machine, transport machine, swing arm machine and the merry go round machine. Of these machines, because of their functional proficiency, wild machines are set to observe appeal soon. However, vertical rotational embellishment machines are set to see drowsy development over a similar period.

Key Spotlight on Customization

Inside assembling as an industry, the pattern of customization has impacted rotational embellishment machines. Makers are hoping to benefit from this pattern by adding the creation of tailor-made machines to take special care of the shopper’s necessity, to their portfolio. This is being executed as a methodology by central participants hoping to keep up with their strategic advantage in the market.

PLC Controlled Machines for Productivity and Performance

The overarching influence of advancement has led to the integration of programmable logic controller (PLC) with machine interfaces in order to simplify the process itself. With the introduction of PLC machines, along with overall operational efficiency, productivity rates also significantly improved, benefitting players in the business. Because every aspect can be monitored and controlled, including temperature, pressure and even the thickness of the product itself, they are being considered as a viable alternative to non-PLC machines.

Players in the industry are slowly but steadily getting into rotational moulding machines that are equipped with PLC to hold their advantage in the landscape.

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Integrating Tech In Rotational Moulding Machines

The advent of advanced technology has had a pervasive impact on rotational moulding machines, as with every major manufacturing process. The integration of technology has been highly beneficial to players in the industry as they focus on increasing operational efficiency without sacrificing on the quality of the end product. With a better control on various components such as temperature and time, which has led to significant saving of time, energy resources and costs. This is being used to increase the quality quotient of the process and the product itself. Manufacturers, to cater to growing demand from end users are focusing on shorter process time with high efficiency.

One specific innovation in recent years that has changed the face of the rotational moulding machines market is real-time temperature monitoring. Rotational moulding machines that have real-time temperature control allow for the raw material placed inside to be effectively melted and used, for the creation of products that are uniformly aesthetical, with improved performance  of finished product,

Technology and Industry 4.0: The Future

With the influence of technology and advanced procedures being developed to ensure quality, the future of rotational moulding machines is set to lie in precision. The industry itself is moving towards smart machines and the industrial internet of things and the rotational moulding machines is also set to do the same, with PLC enabled machines quickly getting popular.

This is in line with ‘Industry 4.0’ that is focusing on wireless connectivity and sensors, and is connected to a system that is capable of visualizing the process to make decisions themselves. And with aspects like customization and flexibility becoming a standard offered, manufacturing is set to get easier, safer and more efficient than ever before. With cloud computing, block chain and artificial intelligence and advanced tech already being implemented the future of rotational moulding machines is set to be in automation of processes

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Rotational Moulding Machines Market by Category

By Product Type:

  • Carousel Rotational Moulding Machines
  • Rock & Roll Rotational Moulding Machines
  • Shuttle Rotational Moulding Machines
  • Up & Over Rotational Moulding Machines
  • Clamshell Rotational Moulding Machines

 By Application:

  • Tanks & Container
  • Drums & Bins
  • Carts  & Carrier
  • Toys & Kayaks
  • Others

By End Use:

  • Food & Beverage
  • Agriculture
  • Automotive & Marine
  • Chemicals & Petrochemicals
  • Pharmaceuticals
  • Homecare
  • Other Industrial

By Region:

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

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Paint Cans Market is expected to expand at a CAGR of 4.1% by 2033 with Valuation of US$ 7,680.93 million

In its most recent market analysis, Future Market Insights (FMI) predicted that the paint cans market would likely see a year-over-year growth rate of 4.2% in 2023.

The market is anticipated to grow at a CAGR of 4.1% between 2023 and 2033, reaching a value of $7,680.93 million. Due to exceptional global sales, the paint cans sector is anticipated to be valued US$5,117.84 million in 2023. The fact that packaging is now more about the value of convenience, transportation, and storage than it is about how something looks has significantly increased the usage of paint cans. Steel and aluminium are still in great demand for use in the production of paint cans as a result.

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Paint Cans Market – Outlook

The global paint cans market is anticipated to accelerate at a moderate CAGR during the forecast period. A significant boost to the paint cans market is from the fact that packaging is no longer about the look but about the value of convenience, transportation, and storage. As a result, steel and aluminium remain highly sought-after materials for the manufacturing of painting cans.

Growth in the demand for spray paints has been recorded in the automotive industry, on the back of the increasing inclination for personalization and maintenance activities. This could act as a deterrent to the growth of the paint cans market during the forecast period.

In addition, the possibility of air transmission of coronavirus reestablished trust among individuals regarding paint cans away from spray paints, which is likely to uphold the sales during the forecast period. However, the demand for paint could decrease during the pandemic, owing to the lockdown imposed in different geographies across the world.

Besides this, the rising demand for paint cans from the eCommerce portals further require cans that are transportation-friendly. Since paint cans are more convenient to transport than their counterparts, their sales are likely to gather momentum.

Stringent Regulations Might Cause Effective Re-penetration of Metal Paint Cans

The study shows that despite the growth in market share of plastic paint cans in the initial years, the number of manufacturers of metal paint cans is more than those of plastic paint cans. This is due to the growing awareness regarding the use of plastic products, given their adverse effects on the environment. Metal paint cans are mostly made of steel, out of which, around 25% is recycled steel.

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Key Companies Profiled

  •          Ball Corporation
  •          RPC Group Plc.
  •          Silgan Containers LLC
  •          Kian Joo Can Factory Berhad
  •          Colep Portugal, S.A.
  •          BWAY Corporation (MAUSER Packaging Solutions)
  •          National Can Industries Pty. Ltd.
  •          Allied Cans Limited
  •          Aaron Packaging, Inc.
  •          Allstate Can Corporation
  •          Lancaster Container, Inc.
  •          Baltic Packaging A/S
  •          Envases Universales Group

Key Segment

By Product Type:

  •          Metal Cans
  •          Plastic Cans
  •          Hybrid Cans

By Material Type:

  •          Plastic

o High-Density Polyethylene (HDPE)

o    Polypropylene (PP)

  •          Metal

o    Tin

o    Steel

By Capacity:

  •          1000 ml and below
  •          1001 – 2000 ml
  •          2001 – 3000 ml
  •          3001 – 4000 ml
  •          4001 ml and above

Regional Analysis:

  •          North America

o    U.S.

o    Canada

  •          Latin America

o    Brazil

o    Mexico

o    Argentina

o    Rest of Latin America

  •          Europe

o    Germany

o    Italy

o    France

o    U.K.

o    Spain

o    Benelux

o    Russia

o    Rest of Europe

  •          South & East Asia

o    India

o    Thailand

o    Indonesia

o    Malaysia

o    China

o    Japan

o    South Korea

o    Rest of South & East Asia

  •          Oceania

o    Australia

o    New Zealand

  •          Middle East and Africa (MEA)

o    GCC Countries

o    Turkey

o    Israel

o    Northern Africa

o    South Africa

o    Rest of MEA

  •          Emerging Countries

o    China

o    India

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Gynaecological Examination Chairs Market in North America is expected to reach USD 312.1 Million by 2028 | FMI

According to a Future Market Insights (FMI) analysis, the Gynaecological Examination Chairs Market is valued at US$ 531.6 Million in 2021 and is predicted to reach US$ 852.3 Million by 2028, representing a cumulative CAGR of 6.9% over the forecast period (2022-2028).

In 2021, the global market for gynaecological examination chairs will account for around 38% of the entire medical examination chairs industry, which is valued at approximately US$ 1.4 billion. The rising worldwide illness burden, as well as increased awareness of the need for gynaecological diagnostic testing, are driving up demand for gynaecological examination chairs.

As a result of the growing demand and expenditure of the consumers, companies are also gearing up in order to take leverage of the arising opportunities and to stay competent in the market. They are strengthening product portfolio by launching novel products with advanced features through product development and acquisitions and mergers.

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The companies are also concentrating on developing a strong distribution channel and supplier chain in order to expand their presence in the emerging and untapped markets. For instance, in May 2017, Oakworks Inc. announced the introduction of STUDIO, a table designing solution that provides clients with complete flexibility when designing products. Along this line in the same time, the company completed the collaboration with FAMED Medical Solutions. Due to collaboration the company introduce novel iNSPIRITMedical Solutions.

Advances in Technology to Have a Positive Impact on the Market

The healthcare industry around the globe is booming exponentially. Heavy investments are made in the healthcare industry, especially in the hospital and clinics sectors. The demand for technologically advanced products is increasing among practitioners and physicians for reducing operating and examination time. Adoption of technologically advanced chairs powered by foot switches and remote will be beneficial in adjusting the required height. These advance features provide efficiency in examination. Gynaecologists across the globe are adopting advanced gynaecological chairs that are compatible with video colposcopy device holders, organic waste containers and are made of antimicrobial materials in order to reduce the time and manpower required to manage all the adjustments.

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Strict Regulations to Act as a Prime Roadblock in Market Growth

The companies in the market are facing strict regulatory policies in the development of new products for medical furniture, such as examination chairs and tables. The manufactured products should meet the standards of the U.S. Access Board Proposed Standards for Accessible Medical Diagnostic Equipment. Most of the companies are facing difficulties in bringing gynaecology examination chairs to the market without greater predictability and transparency from FDA. The products have to meet the standard of sterilization and environment protection regulation.

Key Companies Profiled:

  • Oakworks Inc.
  • Hohnhaus & Jansenberger Gruppe GmbH & Co. KG
  • AGA Sanitaetsartikel GmbH
  • ATMOS MedizinTechnik GmbH & Co. KG
  • Favero Health Projects Spa
  • Schmitz u. Söhne GmbH & Co.KG
  • Lemi Group
  • Malvestio Spa
  • Plinth Medical Ltd
  • Inmoclinc S.A

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A Women’s Health Exam Tables, also known as a pelvic exam chair or an OB-GYN exam chair, is a specialized medical chair used for gynecological exams and procedures

Why Future Market Insights?

  • Comprehensive analysis on evolving purchase pattern across different geographies
  • Detailed insights of market segments and sub-segments for historical as well as forecast period
  • A competitive analysis of prominent players and emerging players in the keyword market
  • Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

Groundbreaking research and market player-centric solutions for the upcoming decade according to the present market scenario

Gynaecological Examination Chairs Market by Category

Product:

  • Non-Electrical
  • Electrical

Price Range:

  • Premium
  • Mid
  • Low

End User:

  • Hospitals
  • Obstetrics & Gynecology Clinics
  • Others

About Future Market Insights (FMI) 

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

Contact:

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Varicella Zoster Infection Treatment Market is expected to reach a valuation of US$ 2.05 Billion by 2028, at a CAGR of 4.1%

The global Varicella Zoster Infection Treatment Market is predicted to be worth more than US$ 1.5 billion in 2020, with a CAGR of 4.1% expected to reach US$ 2.05 billion by 2028. According to Future Market Insights, acyclovir will account for more than 55.7% of the global varicella zoster infection treatment market in 2022.

Acute varicella may be complicated by secondary bacterial skin infections, cerebellitis, encephalitis, haemorrhagic complications, and viral and bacterial pneumonia. The climate is a core factor that seems to have an impact on the epidemiology of varicella. In most of the temperate climatic regions, 90% of the people are infected before adolescence. In tropical climates, VZV infection occurs later in life and adults are more susceptible to it than children.

On the other hand, herpes zoster or shingles is a sporadic disease that is caused by the reactivation of latent VZV in the sensory nerve ganglia. It is usually self-limiting and is categorised by severe pain with dermatomal distribution and at times followed by post-herpetic neuralgia that can be chronic and debilitating among the geriatric population.

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Though herpes zoster can occur at any age, most of the cases are reported after the age of 50 along with increasing risks of complications.

In order to cater to the needs of the patients and provide a potential treatment for this infection, companies are entering into strategic partnerships in order to make use of the technology of the other leading companies and are also focussing on research and development.

Risk of Varicella in Pregnancy and the Need to Adhere to the Guidelines of Chickenpox Treatment to Bode Well for the Market

Primary infection with varicella zoster in pregnancy may cause maternal mortality or serious morbidity issues. A particular guideline issued in 2015 assesses the evidence regarding maternal and foetal risks of varicella zoster virus infection in pregnancy. The U.K. Advisory Group and Swiss and Canadian national guidelines prescribe procedures for the use of antiviral drugs in pregnancy. The U.K. Advisory Group provides guidelines for chickenpox as well.

These guidelines recommend oral acyclovir, which should be prescribed for pregnant women within 24 hours once they present the onset of the rash and if they have 20+0 weeks of gestation or beyond. Guidelines are unanimous nevertheless, in recommending that intravenous acyclovir be administered in cases of severe maternal infection. This factor along with the fact that the rate of exposure and transmission is extremely high in this infection and is a threat for pregnant women and kids, is expected to boost the growth of the varicella zoster infection treatment market.

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Natural Products to Challenge Market Growth

Several people opt for other treatment options for herpes zoster and varicella. These alternative treatment options are expected to hamper the growth of the antiviral drugs market for varicella zoster infection treatment. Homeopathy, supplements, and other natural herbal medicines are used to treat herpes zoster and varicella.

Key Players:

  • Novartis AG,
  • Pfizer Inc.,
  • Abbott Laboratories,
  • Sun Pharmaceuticals Industries Ltd.,
  • Valeant Pharmaceuticals International Inc.,
  • Teva Pharmaceutical Industries Ltd.,
  • Dr. Reddy’s Laboratories, ltd.,
  • Mylan N.V.  and
  • GlaxoSmithKline

Varicella Zoster Infection Treatment – Market Segmentation – by Category

By Drug Type:

  • Acyclovir
  • Valacyclovir
  • Famciclovir

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By Route of Administration:

  • Oral
  • Injectable
  • Topical

By Distribution Channel:

  • Hospital pharmacies
  • Retail Pharmacies
  • Online Pharmacies
  • Drug Stores

About Future Market Insights (FMI) 

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

Contact:

Future Market Insights, Inc.
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Countertop Market Worth US$ 709.7 Billion by 2026, Growing at a CAGR of 5.0% from 2022

A countertop is a flat surface in a kitchen or bathroom that is designed for food preparation or other tasks. Countertops can be made from a variety of materials such as granite, marble, quartz, laminate, or solid surface materials. They can come in different shapes and sizes to fit the layout of the room and can have different features such as sinks, stovetops, or built-in cutting boards. Countertops are an essential part of any kitchen or bathroom and can be a key factor in the overall design and functionality of the space.

The global countertop market is slated to reach a valuation of US$ 709.7 Bn in the year 2026 and exhibit a moderate CAGR during the period of forecast. The global countertop market is exhibiting a steady growth throughout the world due to a rise in the disposable incomes and a rise in the employment levels, especially in the key markets of North America and APEJ.

Also, with a renewed impetus that is being witnessed in the construction industry, the global countertop market is also benefitting due to this trend as most of the new countertops are installed in the kitchens of new homes and in the renovation of the old homes as well.

Also, with the interest rates historically low in the key market of United States, and with the banks being generous in extending the line of credit to the consumers, there is a rising amount of money being spend on the construction and renovation of homes, thereby directly benefitting the global countertop market.

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In addition, the consumers are increasingly preferring granite stone as their choice of countertop, due to the fact that the prices of granite are dropping.

This is especially true for the markets in the United States, where there is a huge availability of granite stone in the mass markets due to a plethora of supply because of the rising low cost imports of granite during the last decade. This factor, coupled with the fact that consumers are preferring granite due to its high aesthetic appeal, is making the granite stone most popular choice for the countertops.

Are Home Refurbishment Activities Propelling the Countertop Market Growth?

The surging money lending activities from banks and increasing mortgage refinances across the globe are leading to the easy availability of more credits for the refurbishment of existing homes. The rising installation of prefabricated countertops during kitchen renovations and new home construction is estimated to accelerate the market.

According to the Australian Bureau of Statistics, in September 2021, the construction of 35,521 new private sector houses and 56,617 new dwelling units were initiated in the country. The total value of construction work done in the same month was US$ 30,556.7 million. This trend is set to continue in the other parts of the world throughout the forthcoming years, thereby driving the demand for modern kitchen countertops.

4 Forecast Highlights on Global Countertop Market

  • As per the forecast of Future Market Insights, the solid surfaces material type segment is slated to touch a value of nearly US$ 34,750 Mn in the year 2026. This represents a moderate CAGR growth during the assessment period of 2022-2026. The solid surfaces material type segment was estimated to account for nearly one-fourth of the revenue share of the material type category by the year 2022 and is expected to lose in market share by the year 2026 end.
  • As per the assessment of Future Market Insights, the non-residential segment will reach a valuation of nearly US$ 101,060 Mn in the year 2026. This represents a robust CAGR growth during the period of assessment. The non-residential segment was estimated to account for more than two-thirds of the revenue share of the end use industries category in the year 2022 and is expected to gain market share by the end of the year 2026.
  • As per the estimates of Future Market Insights, the new construction segment is slated to reach a valuation of nearly US$ 94,850 Mn in 2026. The new construction segment is expected to gain market share by the end of the year 2026. The largest share is contributed by the APEJ region in the new construction segment.
  • Future Market Insights forecasts the US countertop market to grow from US$ 16,928.6 Mn in 2022 to US$ 25,707.9 Mn in 2026. This represents a compound annual growth rate (CAGR) of 4.8% from 2022 to 2026.

Competition Landscape

The report has also profiled leading players in the global market for countertops, which will remain active through 2026. These include companies such as Cambria, E. I. du Pont de Nemours and Company, Caesarstone Ltd., Asian Granito India Ltd., Pokarna Ltd, AKG Group, Illinois Tool Works Inc., Aro Granite Industries Ltd., Cosentino Group, Vicostone and Silestone.

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Countertop Market by Category

By Material Type:

  • Granite
  • Solid Surfaces
  • Laminates
  • Engineered Quartz
  • Marble
  • Others

By End Use Industries:

  • Residential
  • Non-Residential

By Construction Activity:

  • New Construction
  • Renovation

By Region:

  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA

About Future Market Insights (FMI)

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

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Exploring the Global Artificial Turf Market: Current Trends and Future Projections

As per a research survey conducted by ESOMAR-certified consulting firm Future Market Insights (FMI), the global artificial turf market is expected to reach US$ in 2021. Increasing adoption of artificial turns for landscaping in residential and commercial buildings is expected to facilitate growth.

As per FMI, the market will expand at 5.9% CAGR over the forecast period 2021-2031 in comparison to CAGR 1.8% registered between 2016 and 2020.

Artificial turfs are increasingly used in hotels, restaurants, residential houses, and airports for various landscaping applications such as decorating balconies, rooftops, swimming pools, children playgrounds, and lawns. Thus, with the expansion of urban infrastructure aligned with modern lifestyle, the demand for artificial turf is expected to propel in the coming years.

Due to its superior characteristics such as high durability, less maintenance, low replacement rate over natural grass, artificial turfs are progressively used in contact sports such as rugby, football, hockey, and cricket playing fields and stadiums.

Thus, increasing number of stadiums across the world and upcoming global sports events such as ICC World Cup 2023, FIFA World Cup 2022, and others are anticipated to accelerate the sales of artificial turfs over the next ten years.

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“Manufacturers in the market are emphasizing on developing third-generation turfs using hybrid technology for developing innovative products with shock pads and anti-bacterial properties to address the increasing demand from landscaping and sports sector,” says the FMI analyst. 

Key Takeaways from the Artificial Turf Market Survey

  • In North America landscape, the U.S. is estimated to remain a dominant market driven by the increasing demand for artificial turfs from landscaping and leisure applications.
  • The U.K, home to large number of football and cricket stadiums, is expected to emerge as one of the most remunerative markets.
  • The market for artificial turfs in India is projected to exhibit the fastest growth in the Asia Pacific on the back of increasing government support for upgrading sports infrastructures, especially hockey and football.
  • Germany is estimated to account for a significant share in the European market on the back of the presence of a large number of leading artificial turfs manufacturers in the country.
  • Based on infill material, the rubber is likely to dominate the segment favored by the increasing adoption in outdoor sports.

Competitive Analysis

Leading players operating in the artificial turfs market are heavily investing in research and development activities to develop novel product to expand their product portfolio. Besides this, some of the players are engaging into strategic mergers & acquisitions of small and medium-scale companies. For instance,

  • In 2017, Synthetic Grass Warehouse, Inc. an America based company announced launching its new artificial turf named, Everlast Turf’s Nature’s Best. The product is aimed to provide realistic looking artificial grass with enhanced durability.
  • In August 2019, SportGroup subsidiary company, AstroTurf acquired, an American company, Nagle Athletic Surfaces Inc. The acquisition assisted the company to capitalize on the extensive range of products of Nagle Athletic Surfaces, Inc. and increase their market share.

Key Companies Profiled

  • Dow dupont
  • Tarkett
  • Shaw Industries
  • Victoria PLC
  • Controlled Products
  • ACT Global
  • Sport Group
  • Tigerturf
  • SIS Pitches
  • Matrix Turf

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More Insights into the Artificial Turf Market Report

In its latest report, FMI offers an unbiased analysis of the global artificial turfs market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of infill material (rubber, sand, and other) and application (contact sports, non-contact sports, leisure, and landscaping) across seven regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa).

About Future Market Insights (FMI)

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

Contact Us:

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

Structural Adhesives Market Size to Reach US$ 21.3 Billion by 2033 | CAGR of 5.6%

The structural adhesives market is expected to be worth US$ 12.3 billion in 2023, rising to US$ 21.3 billion by 2033. During the forecast period, structural adhesive sales are expected to grow at a significant CAGR of 5.6%.

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

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

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

The global market for structural adhesives is growing, but it is being constrained by strict regulations put in place by regulatory agencies to prevent harmful environmental consequences from structural adhesives.

For companies in the global structural adhesives market, increasing research and development efforts for the creation of safe, environmentally friendly structural adhesives with little to no environmental impact can open up profitable opportunities.

Key Takeaways from the Structural Adhesives Market

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

Competitive Landscape

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

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

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

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Key Segments in the Structural Adhesives Market

Structural Adhesives Market by Product Type:

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

Structural Adhesives Market by Application:

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

By Region:

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

About Future Market Insights (FMI)

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

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

Decorative Paints Market Size & Forecast to 2031 | Top Players Azko Nobel N.V., Sherwin – Williams Company, PPG Industries, Inc.

According to a detailed study by Future Market Insights (FMI) it has been estimated that the decorative paint market value is expected to surpass US$ 57.8 Billion in 2021. Growing construction of residential, commercial, and institutional buildings is expected to drive market growth. The market is likely to witness a growth of 4.3% CAGR during the coming assessment period of 2021 and 2031.

FMI also forecasts the global decorative paints market to register year-on-year growth of 4.0% in 2021. Surging demand for interior decorations, renovating residential houses, coupled with urbanization, industrial growth, and expansion of infrastructure are some of the factors driving the decorative paints industry. Considering this, FMI has projected the market valuation to reach US$ 87.8 Billion by 2031 end. The decorative paints market represented nearly 40% of sales in the paints and coatings industry in 2020.

Find a comprehensive report summary that describes the market size and forecast along with the research methodology. The Sample report is available in PDF format @ https://www.futuremarketinsights.com/reports/sample/rep-gb-439 

Key Takeaways

  • Urbanization is contributing significantly to sales of domestic consumer products at a stable CAGR of 4.3% over the forecast period, from 2021 to 2031.
  • The introduction of low VOC paints has been among the primary product innovations in the paints industry. A higher focus on sustainability will fuel demand for VOC paints in the decorative paints market.
  • Rapid urbanization, improving the standard of living, and the growing interest of customers in improving the aesthetic appeal of their homes and residential buildings have led to increasing demand for decorative paints.
  • Powered with high disposable income, consumers’ demand preference has shifted to paints with highly resilient characteristics along with a modern taste of aestheticism.
  • Growing construction of residential, commercial, and institutional buildings is expected to drive market growth.
  • Expansion of the construction sector will continue boosting decorative paint sales in India, China and GCC countries. As per FMI, the demand for decorative paints will be especially high in the Middle East and Africa, Eastern Europe, and the Asia Pacific.

Competitive Landscape

Akzo Nobel N.V., Sherwin – Williams Company, PPG Industries, Inc., Asian Paints Limited, NIPSEA GROUP (Nippon Paint), Valspar Corporation, Jotun, BASF-SE, Berger Paints India Limited, RPM International Inc., KANSAI Paints Co., Ltd. are some of the key companies profiled in the full version of the report.

Key market participants are focusing on mergers and acquisitions strategies, coupled with product development by investing in research and development to boost their market presence. Some of them are emphasizing increasing the production capacity to enhance their annual turnover.

More Insights into the decorative paints market

In 2021, the U.S. decorative paints market is expected to grow by 4.1% year on year. Revenue generated in the market will be pushed by a high rebound in construction projects. Growth in the construction of residential and commercial buildings will continue pushing the demand for decorative paints.

Driven by the implementation of stringent regulations and changing consumer preferences, sales of low VOC paints are expected to pick up in the U.S.

The decorative paints industry in India is expected to register a CAGR of 5.2% throughout the forecast period. The growth potential is huge looking at the need for housing and the increasing number of people investing in housing units.

A considerable rise in the construction of high-rise buildings in metropolitan cities coupled with urbanization is boosting decorative paint sales in India. An increase in disposable income also is driving the growth of the market.

China is estimated to remain a key manufacturer and consumer of decorative paints, accounting for about 70% of the overall decorative paint consumption in East Asia in 2021. Rapid development in the building and construction and infrastructure sectors is boosting sales of decorative paints in China.

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Decorative paints Market by Category

By Product Type:

  • Water based paints
  • Solvent based paints

By Formulation:

  • Emulsion based paints
  • Distemper

By Application:

  • Interior Paints
  • Exterior Paints

By Sales Channel:

  • Online
  • Offline

By Price

  • Premium
  • Medium
  • Economical

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:

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

Deep Dive into the Global Acrylic Fibre Supply Chain: Key Players and Market Dynamics

The global acrylic fibre market is projected to reach a valuation of US$ 7,779.0 Mn in 2032, with the demand growing at a stagnant CAGR of 3.9% over the forecast period of 2022 to 2032. Climbing up from a value of US$ 5,113.4 Mn in 2021, the acrylic fibre market will reach an estimated US$ 5,306.0 Mn by the end of 2022. Large-scale usage across a variety of end-use industries, and escalating use in the production of knitted items drives the acrylic fibre market during this period of observation. The material’s use in the making of craft yarns, fake fur, carpets, vehicle covers, and upholstery fabric will further augment its sales.

With recent recognition of acrylic fibre’s ability to blend with other materials, the material is observing a rapid rise in its demand. The use of this fibre in blends with materials like cotton, wool, polyester, and others is gaining momentum due to its favorable physical, chemical, and thermo-biological features. Again, these fibres provide a more aesthetic and natural look; they are highly resistant to microbial attack, mild alkalis, and UV deterioration. Thus, acrylic fibres are increasingly used to create different types of garments and even used in the home furnishing industry.

Moreover, some recent developments in the acrylic fibre market such as the material’s use in the production of carbon fibres, flame-retardant acrylic fibre, weather-resistance acrylic fibre, antimicrobial acrylic fibre have generated more opportunities for the market. Flame-retardant acrylic fibre, weather-resistance acrylic fibre, antimicrobial acrylic fibre are materials that are often used in hospitals, manufacturing industries, and others. Advancements in processing and other technologies will also contribute to market growth as this kind of progress may make it feasible to produce acrylic fibres from new sources. All of these factors will foster an environment of growth for the acrylic fibre market during the assessment period.

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“Increasing use of acrylic fibre in end use industries like home furnishing, apparels, industrial goods, and many others is expected to encourage the market growth of acrylic material over the forecast period,” says an FMI analyst.  

Key Takeaways:

  • Expanding fashion industry to facilitate lucrative market opportunities.
  • Raw material price fluctuations and availability of alternatives may impede market growth.
  • The acrylic fibre market in India is predicted to grow at a high CAGR.
  • Export of synthetic fibres to drive market growth in China.
  • By dyeing method, the gel dyeing segment will gain a notably high revenue during the forecast period.
  • By form, the acrylic staple fibre segment is predicted to register a 3% CAGR over the assessment period.

Competitive Landscape 

Aksa Akrilik Kimya Sanayii A., Dralon, Aditya Birla Group, Jilin Chemical Fiber Company, TAEKWANG INDUSTRIAL CO., LTD, Exlan Japan Co., Ltd., Kaneka Corporation, Indian Acrylics Limited, Pasupati Acrylon Ltd., Vardhman Acrylics Ltd., and others are some of the major players in the acrylic fibre market that are profiled in the full version of the report.

Major market players are focusing on product innovation and releases. These businesses are also employing expansion and acquisition strategies to gain a competitive advantage.

Market presence across multiple geographical footprints – Strong/Active/Niche/Trivial – Buy the report! https://www.futuremarketinsights.com/checkout/2032

More Insights into Acrylic Fibre Market Report

In its latest report, FMI offers an unbiased analysis of the global acrylic fibre market, providing historical data from 2015 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and range, the market is segmented on the basis of fibre form (staple, filament), dyeing method (acid, gel, undyed), blending (wool, cotton, others), end use (apparel, home furnishing, industrial, outdoor), and region.

According to the latest FMI reports, based on region, the acrylic fibre market in India is expected to exhibit substantial growth during the forecast period. The country will likely account for a major portion of the global market share by the end of 2032. The swiftly advancing textile industry and growing export of yarns and fibres are accountable for the regional market growth. Along with India, China, too, is predicted to present impressive market growth during 2022-2032. China is the world’s leading producer of acrylic fibre, accounting for over 30% of the global production of the material.

Based on segmentation, on the basis of the dyeing method, the gel dyeing method is expected to dominate the market. In terms of form, the acrylic staple fibre segment will lead the market growth over the forecast period. 

About Future Market Insights (FMI)

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

Contact Us:

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