Hepatitis B Diagnostic Tests Market is expected to grow at a 6.4% CAGR by 2028, attaining a valuation of US$ 1.26 Million

Despite the COVID-19 impact, the global Hepatitis B Diagnostic Tests Market grew at a solid year-on-year (YoY) rate, reaching a valuation of roughly US$ 872.5 Million in 2022. With the rising incidence of hepatitis B globally, the total market is expected to grow at a CAGR of 6.4% between 2022 and 2028, achieving a valuation of US$ 1.26 Million by the end of 2028.

Enzyme immunoassay (EIA) will continue to be the most favoured diagnostic test for hepatitis B detection, accounting for 89.9% of the market in 2022. Enzyme immunoassay kits provide several advantages, including shortened test time, a minimal sample size need, and rapid and reliable findings.

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High Prevalence of Hepatitis B in the APEJ Region Boosting Global Market Revenue Growth

The prevalence of hepatitis B is highest in the APEJ region and the disease burden caused by chronic cases of hepatitis B is enormous. APEJ region has more number of chronic hepatitis B patients than any other region in the world and is thus a potential market for hepatitis B test kit manufacturers. As per the data provided by WHO, China accounts for one-third of all chronic hepatitis B infections. In addition, 6.2% of the adult population in the Western Pacific region is infected with hepatitis B.

In the South-East Asia region, an estimated 2% of the general population is infected with hepatitis B. According to Hepatitis Australia, approximately 225,000 people are living with chronic hepatitis B in the country. As per the data provided by WHO, in India, the prevalence of hepatitis B surface antigen is 3%-4.2% with over 40 million hepatitis B carriers. Due to such high prevalence of hepatitis B in the APEJ region, the market for hepatitis B diagnostic tests has a huge potential in the region.

Global Hepatitis B Diagnostic Tests Market: Segmentation and Forecast

The global hepatitis B diagnostic tests market is segmented on the basis of product type, end user and region.

  • On the basis of product type, the enzyme immunoassay kits segment was estimated to be valued at nearly US$ 590 Mn in the year 2022 and is likely to reach a valuation of nearly US$ 1,100 Mn in 2028, accounting for a CAGR of 6.2% during the assessment period 2022-2028.

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  • On the basis of end user, the hospitals segment was estimated to be valued at nearly US$ 250 Mn in 2022 and is estimated to reach a valuation of nearly US$ 460 Mn in 2028, registering a CAGR of 6.1% during the period of assessment.
  • On the basis of region, the APEJ hepatitis B diagnostic tests market was estimated to be valued at nearly US$ 200 Mn in 2022 and is likely to reach a valuation of nearly US$ 380 Mn in 2028, accounting for a CAGR of 7.2% during the period of forecast.

The HBV diagnostic assays typically involves several steps, including medical history, physical examination, blood tests, and imaging studies

Global Hepatitis B Diagnostic Tests Market: Competitive Landscape

  • Bio-Rad Laboratories, Inc.
  • DiaSorin S.p.A.
  • Abbott Laboratories
  • Meridian Bioscience
  • bioMérieux SA Inc.
  • Vista Diagnostics International
  • Biogate Laboratories Ltd.
  • J.Mitra & Co. Ltd.
  • Siemens Medical Solutions USA, Inc.
  • General Biologicals Corporation

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Hepatitis B Diagnostic Tests Market By Category

Product Type:

  • Enzyme Immunoassay Kits
    • Hepatitis B Surface Antigen Test
    • Anti-Hepatitis B Surface Antibody Test
    • Anti-Hepatitis B Core Antibody Test
  • Point-of-Care Testing Kits
    • Strips
    • Cassettes/Cards

 End User:

  • Hospitals
  • Clinics
  • Diagnostic Centres
  • Home Care

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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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Insulin Delivery Pens Market in Latin America is predicted to grow at a 7.6% CAGR by 2032 | FMI

The global Insulin Delivery Pens Market is predicted to be worth US$ 22.4 billion by the end of 2022 and to grow at an 8.0% CAGR to be worth US$ 48.6 billion by the end of 2032. According to a recent Future Market Insights analysis, smart insulin pens by-products are the market leaders, accounting for around 34.6% of the market in 2021.

With the current technological advancements, insulin now comes with different variants like reusable pens that can be used by just loading insulin cartridges available in packs. Disposable insulin pens contain a prefilled cartridge and the entire pen is disposed or thrown away providing convenient delivery of insulin. Smart insulin pens are the latest advancement in diabetes management.

These smart insulin pens are either Bluetooth enabled wireless devices allowing automatic data sharing or devices that require data sharing with a dedicated USB data cable. These pens also come with a feature incorporating a clinician configured bolus calculator with the ability to deliver multiple insulin doses every day safely and discreetly.

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Global Insulin Delivery Pens Market: Dynamics

Several factors contribute to the growth of the global insulin delivery pens market. One major driver is the move towards value based compensation models for therapies from unit priced payment models that are more commonly used to self-administer treatment for chronic diseases like diabetes. The shift is prominently seen in regions such as U.S. and Europe. This shift, in turn, results in increased demand for technology driven insulin delivery systems with higher levels of accuracy and patient compliance in addition to providing patients with the necessary coaching and education.

The demand for smart insulin pens has also increased globally as healthcare stakeholders seek to gather useful information from clinical trials and the real world environment. Also, diabetes being chronic and a very expensive disease, people look for options to reduce the expenses related to the regular check-ups of diabetes. Smart insulin pens help patients keep a check on their diabetes with all the necessary dosage data pertaining to the disease and its effective management.

Insulin pens are medical devices used to inject insulin into the body for the treatment of diabetes. They are a convenient and easy-to-use alternative to traditional syringes and vials, especially for people who need to inject insulin multiple times a day.

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Global Insulin Delivery Pens Market: Segmental Highlights

The global insulin delivery pens market is segmented into various segments based on product type, indication, distribution channel and region. The report presents the analysis of every market segment along with the yearly growth rate, revenue share and pricing analysis. Some of the key segmental highlights from the report are as under:

Among the regional markets, North America is expected to emerge the dominating market in terms of revenue, with a market value of almost US$ 2,000 Mn in 2017 and an estimated market value reaching over US$ 5,500 Mn by the end of forecast period in 2027.

In the product type segmentation, the reusable insulin pens segment is anticipated to dominate the market in terms of revenue share. Within the reusable insulin pens segment, refillable insulin pens is projected to stay at a high market valuation throughout the forecast period, reaching an estimated US$ 9,183.0 Mn by 2027 end at a CAGR of 10.2%.

By indication, the market is categorised into Diabetes Type 1 and Diabetes Type 2, among which the Diabetes Type 2 segment leads the market with a market valuation expected to reach over US$ 12,300 Mn by the end of 2027, growing at a CAGR of 10.5% during the forecast period.

In the distribution channel category, the hospital pharmacy segment is expected to remain dominant, with a market value of over US$ 1,900 Mn in 2017. This segment is in close competition with the online sales segment, which is ahead of the hospital pharmacy segment in terms of CAGR, with a growth rate of 11.7% during the forecast period.

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Key Companies Profiled:

  • Eli Lilly and Company
  • Becton, Dickinson & Company
  • West Pharmaceutical Services, Inc
  • Johnson & Johnson
  • Antares Pharma
  • AbbVie Inc.
  • Pfizer Inc
  • Mylan N.V
  • Vetter Pharma-Fertigung GmbH & Co.KG
  • Emperra GmbH
  • Digital Medics Pty Ltd
  • Others

Key Segments Covered in Insulin Delivery Pens Market Report

By Product:

  • Reusable Insulin Pens
  • Disposable Insulin Pens
  • Smart Insulin Pens

By Technology:

  • Non-Smart Injectors
  • Smart Injectors
    • Artificial Intelligence (AI) & Machine Learning Integrated
    • Near Field Communication(NFR)
    • Cloud Computing
    • Bluetooth

By Distribution Channel:

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

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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.

Contact:

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Industrial and Institutional Cleaning Chemicals Market to Surpass US$ 144.35 Billion by 2033

The global industrial & institutional cleaning chemicals market is set to witness an impressive growth rate of 7.3% over the forecasted years of 2022 to 2032. The industrial & institutional cleaning chemicals market size is anticipated to reach a valuation of around US$ 144.35 Billion by the end of year 2032 from the current valuation of US$ 71.35 Billion in 2022.

Their widespread use in cleaning stubborn soil stains, oily stains, hard-floor surfaces, and more is what accounts for the significant industrial and institutional cleaning chemicals market share in the present times. All-purpose cleansers and a range of disinfectants and sanitizing chemicals are needed in retail stores, department stores, different public institutions including colleges, recreational areas, courts that has surged the demand for industrial and institutional cleaning chemicals.

The industrial and institutional cleaning chemicals market size is primarily impacted by the growing sales of the commercial end-use segment. Demand for is rising, particularly in the foodservice and healthcare sectors, which must adhere to strict hygiene requirements. On the other hand, disinfectants and sanitizers have emerged to be a crucial type of product and are extensively used in cleaning industry solutions.

The global industrial and institutional cleaning chemicals market has benefited from the increased demand for the solvent sector from various industries as it substantially adds to the industry’s development and revenue. As it is yet another very basic ingredient used in the creation of chemical cleansers that is observed to have augmented the emerging trends in industrial and institutional cleaning chemicals in the present market.

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In addition, the need for disinfectants and sanitizers has skyrocketed ever since outbreak of the Covid-19 epidemic overtook with a greater need for proper cleaning, appropriate hygiene requirements, and preventative measures to limit the virus from spreading. These factors together have contributed to the global expansion of the industrial and institutional cleaning chemicals market opportunities in general and disinfectants and sanitizers products in particular.

Key Takeaways from Market Study

  • The overall growth of the global industrial & institutional cleaning chemicals market is estimated to be absolutely US$ 73 Billion over the next ten years by following the average CAGR of 7.3%.
  • A little under 33% of the market for industrial & institutional cleaning chemicals comes from the general purpose cleaning category.
  • Globally North America is the dominant region for the industrial & institutional cleaning chemicals market by the presence of prominent market players
  • Asia Pacific promises a lucrative growth for the industrial & institutional cleaning chemicals market share during the forecast years of 2022 to 2032.

Competitive Landscape

Some of the well-known industrial & institutional cleaning chemicals market players are Procter & Gamble, BASF SE, Clariant, The Clorox Company, Inc., Henkel AG & Co. KGaA, 3M, Kimberly-Clark Corporation, Reckitt Benckiser Group plc, Croda International PLC, Albemarle Corporation, Eastman Chemical Corporation, Huntsman International LLC, STEPAN Company, Westlake Chemicals Corporation, SOLVAY, Dow, and Sasol among others.

Recent Developments in the Global Industrial & Institutional Cleaning Chemicals Market:

  • Tasman Chemicals, a supplier of sanitary and cleaning additives for several industries, including institutional and others, was acquired by Diversey Holdings Ltd in August 2021, according to a press release.
  • Azelis said in April 2021 that it has signed a contract to buy the distribution assets of Nortons Exim Private Limited and Spectrum Chemicals, two Indian businesses that provide a range of cleaning chemicals for industrial purposes. This acquisition is therefore expected to help Azelis grow its cleaning agent chemical operations.

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Industrial & Institutional Cleaning Chemicals Market By Segmentation

By Raw Material:

  • Chlor-alkali
  • Surfactant
  • Solvents
  • Phosphates
  • Biocides
  • Others

By Product Type:

  • General Purpose Cleaners
  • Disinfectants and Sanitizers
  • Laundry Care Products
  • Vehicle Wash Products

By End Use Verticals:

  • Commercial
  • Manufacturing

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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Automotive Refinish Coatings Market to cross US$ 12.9 Billion by 2033, Says Future Market Insights, Inc.

The automotive refinish coatings market size is projected to be valued at US$ 7.7 Bn in 2023 and is expected to rise to US$ 12.9 Bn by 2033. The sales of Automotive Refinish Coatings are expected to grow at a significant CAGR of 5.1% during the forecast period

One of the major factors positively influencing global demand for automotive refinish coatings is the increasing demand for recreational and vehicle repair and maintenance activities, as well as the rise in fatal road accidents.

Aside from that, key players are introducing environmentally friendly refinish coatings made with organic chemicals and offering color and printing customization to enhance the consumer experience.

Furthermore, as people become more aware of the importance of vehicle maintenance, the use of automotive refinish coatings is increasing globally.

Rising environmental awareness and a number of initiatives launched by governments around the world are driving the use of low Volatile Organic Compound (VOC) emissions. This provides lucrative growth opportunities for market players in the industry.

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Key Takeaways from the Automotive Refinish Coatings

  • In 2023, the U.S. automotive refinish coatings market is expected to grow by 6.01% year-on-year, reaching a valuation of US$ 2.4 Bn. Revenue generation in the country will be pushed by a rebound in the automotive industry.
  • In 2021, Asia-Pacific accounted 42.3% of worldwide sales, and it is anticipated that it will maintain its lead over the projected period. Increased sales of passenger vehicles along with a strong automotive manufacturing base are also expected to fuel the market growth.
  • Currently, Germany holds dominance with a share of 38% in Western Europe. The automotive sector in Germany spends a considerable share of its budget on research and development activities.
  • In terms of material type, acrylic based coatings have surpassed the market value of polyurethane-based coatings. Acrylic based coatings are expected to hold around 44% of the market whereas polyurethane based coatings are just decimals away from this share.
  • Demand in the passenger cars segment grew by 5.7% year over year rate in 2021. Meanwhile, demand for automotive refinish coatings in the commercial vehicle segment increased at 4.2% CAGR between 2020 and 2021.
  • The primers and base coat segment are dominant in the automotive refinish coatings market. Both segments collectively hold around 66.3% of the share in the global automotive refinish coatings market.

Competitive Landscape

To increase their market position, major players in the market are concentrating on merger and acquisition strategies along with product development. To boost their yearly turnover, they are still boosting their production capacity. For instance:

  • On June 1, 2022, AkzoNobel recently decided to expand its presence in Africa by signing a contract with Kansai Paint and starting its coatings-related operations there. With Kansai Paints, AkzoNobel will be able to build a foundation for future market expansion and generate 280 million euros in sales. Additionally, this partnership will emphasize commitment to innovation and sustainability, leading to the expansion of products and the provision of appropriate solutions for clients.
  • Tikkurila and its activities in the areas of governance, social responsibility, and the environment have been acquired by PPG Industries. This gave PPG access to additional growth opportunities due to an expanded selection of coatings products and emerging new technologies. With this acquisition, PPG has moved closer to its goal of reducing emissions by 15% by 2025, which is expected to open up more opportunities for the coatings sector.

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Automotive Refinish Coatings Market

By Material Type:

  • Polyurethanes
  • Acrylics
  • Alkyd

By Product Type:

  • Primer
  • Base Coat
  • Top Coat
  • Clear Coat

By Technology:

  • Solvent Borne
  • Water Borne
  • UV Cure

By Vehicle Type:

  • Passenger Cars
  • Compact
  • Midsize
  • Executive
  • Luxury

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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Technical Coil Coatings Market to Record a CAGR of 4.9%, Valuation to Reach US$ 13.0 Billion by the end of 2027

Technical coil coating is a process in which a coating material is applied on the metal strip in a continuous process. The technical coil coating process involves chemical pre-treatment of the metal surface on either one side or both the sides. The process is used in many industries like construction, transportation, furniture etc.

According to the report, the global market for technical coil coatings is anticipated to reach a market value of over US$ 2,100 Mn by the end of 2027. APEJ and MEA are expected to hold a significant market potential in the global technical coil coatings market. Manufacturers are also expected to bring in to the market several latest technologies such as water based products, e-coatings and UV primers. These are radiation curable paint systems, which are expected to appeal to the masses and bring profits for businesses.

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Global Technical Coil Coatings Market: Drivers

An exceptional increase in the demand for corrosion free products has helped further the revenue growth of the global technical coil coatings market. The rise in demand for high-quality products to be used in the manufacturing of various consumer durable goods as well as in the electricity and power sector is being witnessed. People are also demanding more of finished goods for domestic as well as commercial use.

There is also an increase in investments in the coatings market. All these factors have highly contributed to the growth of the global technical coil coatings market. Companies are even increasing local manufacturing to strengthen their presence in the regional market. Most of the companies enter the market with support from local suppliers. These companies later strengthen their presence by strategically acquiring local partners/suppliers in the region.

Global Technical Coil Coatings Market: Segmental Analysis

  • Among the various regional markets, Asia Pacific Excluding Japan is expected to witness the fastest growth. The region is also anticipated to hold the largest market share with a valuation of over US$ 700 Mn by the end of 2027
  • In terms of product type, both top coats and primers are expected to turn out to be the most attractive segments with the fastest growth rate during the forecast period
  • On the basis of material type, polyester is the dominating segment in the global market, with an estimated market share of over US$ 1,600 Mn by the end of 2027
  • Based on application, steel is the dominant segment with a projected market value of over US$ 1,700 Mn by the end of 2027. The steel market is expected to grow at a CAGR of 4.8% during the forecast period
  • On the basis of end user, the body panel segment is likely to hold maximum market value share and growth rate during the forecast period

Global Technical Coil Coatings Market: Competitive Analysis

According to the research report, the top four players/manufacturers account for around 30% – 33% of the overall market share. The report comprises a brief profile of all the major players in the industry. These profiles depict the current and future strategies of all the businesses involved in this market. The research also lists the top five players in the global technical coil coatings market – Akzo Nobel N.V., Beckers Group, Axalta Coating Systems Ltd, PPG, Industries Inc. and The Valspar Corporation. Some of the other players profiled in this report include Nipsea Group, Kansai Paint Co., Henkel AG & Co. KGaA, The Chemours Company, and Axalta Coating Systems Ltd.

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Market Segmentation:

By Material Type

  • Polyester
  • Epoxy
  • PVC/Vinyl
  • Plastisols
  • Acrylic
  • Polyurethane
  • PVDF
  • Silicone

By Product Type

  • Topcoats
  • Primers
  • Backing Coats
  • Others

By Technology

  • Liquid Coating
  • Water  Borne
  • Solvent Based
  • Powder Coating

By End Use

  • Transportation
  • Consumer Durable Goods
  • HVAC
  • Metal Furniture
  • 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.

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Global Synthetic Leather Market: Key Players and Growth Opportunities

A recently published study by FMI expects the global synthetic leather market to augment at a 6% CAGR from 2022 to 2032. By the end of the said assessment period, a valuation of US$ 50 Billion is expected for the market. From 2017 to 2021, the industry experienced noteworthy growth, registering a value CAGR of 1% and closing at US$ 26.34 Billion.

Manufacturing, innovation and use of synthetic leather is undergoing several changes. This has led to the rapid adoption of synthetic leather in various end user industries. Although the COVID-19 pandemic affected the sales of synthetic leather, post-pandemic, the sales of the same have increased owing to its various properties. Manufacturers are now making synthetic leather made of environmentally friendly materials.

Furthermore, key players in the synthetic leather market are launching products that make wide use of synthetic leathers, thus, increasing use of the same. The use of synthetic leather in automotive, consumer electronic and fashion industries is propelling the sales of the same. This, in turn, is contributing to the growth of the market.

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Key Takeaways from the Market Study

  • By material type, polyurethane (PU) synthetic leather is expected to possess 40% market share for synthetic leather market in 2022.
  • Italy is expected to hold nearly 30% market share for synthetic leather market in 2022.
  • India is expected to possess 25% market share for synthetic leather market in 2022
  • S. is expected to hold 35% market share for synthetic leather market in 2022
  • Japan is expected to procure 33% market share for synthetic leather market in 2022.

“The synthetic leather industry is undergoing a drastic change. Innovations in manufacturing sustainable leather along with making it durable is increasing the usage of the same.” states an FMI analyst.

Market Competition

FMI has identified Asahi Kasei, Nan Ya Plastics Corporation, Toray Industries, Teijin Limited, Kuraray Co., Ltd., Daewon Chemical Co Ltd., Kolon Industries Inc., Achilles Corp, and Mayur Uniquoters as leading players in synthetic leather market. They collectively account for more than 30% of global market share as of 2022.

  • Bucha Bio launched plant based leather which is completely made in laboratory in July 2021, in an attempt to push the envelope towards introducing a sustainable leather alternative that can be used for shoes, clothing, accessories and more.
  • In June 2021, Gucci launched its brand new range of footwear made from bio-based synthetic leather derived from wood pulp.

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Key Segments Profiled In The Synthetic Leather Market Industry Survey

Synthetic Leather by Material Type:

  • Polyvinyl Chloride
  • Polyurethane
  • Bio Based

Synthetic Leather by Application:

  • Synthetic Leather for Footwear
  • Synthetic Leather for Furnishing
  • Synthetic Leather for Automotive
  • Synthetic Leather for Clothing
  • Synthetic Leather for Bags
  • Synthetic Leather for Sports
  • Synthetic Leather for Electronics

More Insights Available

FMI, in its new offering, presents an unbiased analysis of the global synthetic leather market, presenting historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of Material Type (Polyvinyl Chloride, Polyurethane, Bio Based), by Application (Footwear, Furnishing, Automotive, Clothing, Bags, Sports, Electronics) across five major regions (North America, Latin America, Europe, Asia Pacific 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.

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Car Seat and Accessories Market is Expected to Expand at a 4.5% value CAGR by 2032 | FMI

The car seat and accessories demand is anticipated to be valued at US$ 5 Billion in 2021, and is expected to reach US$ 5.3 Billion by 2022. The market is further forecast to grow at a CAGR of 4.5% to be valued at US$ 8.3 Billion from 2022 to 2032. Growth is attributed to an influential automotive industry well-entrenched in terms of technology and product offering.

The global automobile industry is well established globally and has been steadily evolving in terms of technology and product offerings to cater to the large customer base around the globe. Moreover, it plays a pivotal role in driving the economic growth of any developing or developed country.

As a globally prominent industry, it is critical that the automotive industry stays ahead of the curve in terms of technology, with ongoing developments in automotive components and products. Car seats and accessories are examples of such components that have undergone constant development at regular intervals.

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Global Car Seat and Accessories Market: Market Participants

Some of the key players operating in the global car seat and accessories market are Pheonix seating limited, Morrck Ltd., Clek Inc., Britas Römer, RDM Group, Amvian Automotive (Pvt.) Ltd., Diono LLC and Lear Corporation, among others.

Car Seat and Accessories Market: Key Developments

In 2017, Lear Corporation, a key player in the global car seat and accessories market, announced the acquisition of Grupo Antolin’s seating business. Grupo Antolin specializes in the production of various car seat and accessories for North America and Europe markets

In 2018, Britas Römer another marquee player in car seat and accessories launched a new variant of car seat under the brand name of KIDFIX XP SICT and DUALFIX.

Car Seat and Accessories Market: Key Trends

Prominent car seat accessories manufacturers have been making several key acquisitions in the view of expanding their business in the global market.

Opportunities for Car Seat and Accessories Market Participants

Over the years, customer perception has been changing with time and new technologies in the market. This factor has also been influencing the global car seat and accessories market. Customers desire to customize their car seat and accessories in accordance with their preference.

Furthermore, families with newborns or toddlers take extra precautions to ensure that their vehicles are equipped with baby care car seats, creating a huge opportunity for competitors in the global car seat and accessory market to gain traction in the baby care or infant care category.

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Brief Approach to Research for Car seat and Accessories Market

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.

By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: regional markets, product type, application and sales channel.

The study is a source of reliable data on

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

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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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Chemical Testing Services Market Size & Forecast to 2032 | Top Players Intertek Group Plc, Bureau Veritas, SGS SA

The global chemical testing services market is predicted to showcase a steady CAGR of 5.4% during the forecast period from 2022 and 2032. The global market is anticipated to reach US$ 29,267.65 Mn in 2022 and is further projected to reach US$ 49,521.5 Mn by the end of 2032.

The global chemical testing services market registered a CAGR of 4.7% over the historic evaluation period from 2012 to 2021. The market is anticipated to witness healthy growth over the present projection period from 2022 and 2032 of around 5.4%. The growth is attributed to the rising government regulations for the manufacturing industry, specifically chemicals, paints & coatings, and food & beverages, and is projected to remain one of the key growth drivers for the global chemical testing services market in the assessment period.

The chemical testing services market has been subjected to a specific variety of macroeconomic and industrial factors, including chemical industry growth, development of the manufacturing industry, expansion of the mining sector surging advancements in the field of nanotechnology. These industrial factors are anticipated to significantly hike growth across the forecast period.

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Key Takeaways

  • Governments of several countries are making continuous efforts to not just enhance the export quality of chemical testing and certification of consumer products but also improve the quality with the help of several food safety standards. Latin America is known as the most prominent food exporter in the world.
  • Some of the most commonly exported food products to the U.S. from Latin America comprise fresh fruits, Aronia berries, salmon, and coffee among others. Therefore, in order to broaden its growth prospects, Latin America is concentrating on the implementation of new chemical testing regulations and inspection norms for food products to comply with international food standards.
  • To successfully cater to the high international demand, the domestic market was previously neglected, although due to rising globalization, domestic food products have also been reviewed through food safety programs, testing, as well as certification. These factors are projected to support growth in the global chemical testing services market, especially in the food industry.
  • Chemical testing certification in numerous industry verticals is strictly regulated by a massive number of leading chemical testing regulatory bodies, and these norms vary as per different regions. Some of the leading agencies such as REACH Regulation and RoHS Directive are known as well-established and trustworthy agencies which are majorly responsible for the testing and certification of a huge range of chemical products.
  • According to chemical testing regulatory bodies, manufacturers ought to use non-hazardous chemicals in their end-use products and goods and are only allowed to send them to their consumers. The food manufacturers who receive REACH and RoHS certifications are allowed to incorporate the logo in their packaging.
  • The surging participation of small and medium-sized enterprises in the global chemical testing services market is expected to show remarkable growth in the next decade owing to the ongoing innovations in services offered by several waste management companies in the market.

Competitive Landscape

The global chemical testing services market is witnessing merger and acquisition activities among various key players in order to enhance its customer base and surge its presence in untapped industries and regions. In addition to that, key market participants are focusing on launching new services and innovating their present testing procedures owing to the drastic technological shift in multiple industries and continuous development in these industries.

More Insights into the Chemical Testing Services Market

Several key players across North America are offering in-house testing and third-party testing (outsourcing) services in the U.S. In the advent of industrialization, various companies are going through multiple hurdles driven by the increasing complexity in their operations, which is further creating unprecedented levels of supply chain risks. The North American region is expected to garner 16% of the total market share over the forecast period.

Germany is predicted to remain one of the prominent countries in the European chemical testing services market in the next ten years. Expansion of the chemical, petrochemical, plastic & polymer, and paints & coatings industries in Germany is likely to boost the chemical testing market. According to FMI, the German market is anticipated to account for around 4.6% of the global market share in the forthcoming years

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Chemical Testing Services Market Outlook by Category

By Testing Service:

  • Chemical Composition Analysis
  • Chemical Trace Analysis
  • Chemicals Regulatory Compliance Testing
  • Contamination Detection and Analysis
  • Material Testing and Analysis
  • Elemental Analysis Certification
  • Others

By Sample Type:

  • Agrochemicals & Pesticides
  • Basic & Industrial Chemicals
  • Dyes & Detergents
  • Lubricants & Greases
  • Nanomaterial
  • Petrochemicals
  • Polymers & Plastics
  • Specialty Chemicals

By End Use:

  • Consumers Goods
  • Packaging & Paper
  • Toys
  • Cosmetics
  • Detergents & Cleaning Products
  • Hygiene Products
  • Food Material
  • Electrical and Electronic Products
  • Automotive
  • Environmental
  • Manufacturing

By Region:

  • North America
  • Latin America
  • East Asia
  • Europe
  • 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.

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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Metal Polish Products Market is Expected to Expand at a 5.7% CAGR in 2032 | FMI

The metal polish products market forecasted to register 5.7% CAGR during the forecast period (2022-2032). Value worth US$ 23.5 Billion by the end of the forecast period from 2022 to 2032. As of 2021, the market was valued at US$ 9.2 Billion, and is poised to reflect a Y-o-Y growth rate worth 4% to reach US$ 13.53 Billion in 2022.

Increasing use of various metal alloys in furniture, machinery, and other metal items is anticipated to significantly boost the market over the course of the forecast period.

Metal products are polished to create a reflective surface, inhibit the contamination of instruments, prevent the corrosion of pipes, remove oxidation as well as enhance the appearance of any item. Metal polish cleaning supplies are used to remove oxidation from metal objects with a motive to prevent the metal from getting corroded and increase its lifespan.

Metal polish products are gaining traction in the market, owing to the high use of metals in furniture, antiques and machinery. The use of metal polish is not only limited to clean metals and restore shine, but it also helps in removing a layer of oxidation as oxidized metal has a bad finish, looks dull and stains easily.

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Rising consumer demand for a smoother microscopic surface, better reflection, high gloss and shine in metal products is a key contributing factor to the growth of the metal polish products market. The supply-side participants in the metal polish products market are engaged in the innovation of new products to cater to the consumer demand and thereby complement the growth of the metal polish products market.

Technological Advancements & New Product Innovation drive the Adoption of Metal Polish Products

The global metal polish products market has been registering rapid growth, owing to the use of different metal alloys in machinery, furniture and other metal products due to their cheaper cost and high efficiency. Metal polish products are available in different forms such as foam, tablet, gel, spray and liquid, depending upon the application.

The rising awareness about the availability of these products also complements the growth of the metal polish market. Metal polish products are used to safely clean, protect and shine metal surfaces without causing damage. Recently, a sudden hike in the demand for metal polish products has been observed, owing to their versatile nature, to remove tarnish, clean surface dust, prevent corrosion and surface rust and inhibit oxidation. Metal polish products find a wide range of applications in various metals such as silver, gold, aluminum, stainless steel, bronze, chrome, brass and more.

Metal Polish Products Market: Market Participants

The key market participants identified across the value chain of the metal polish products market are Tri-Peek International Limited, Rubbedin cleaning products, Canadian Tire Corporation, Limited., California Custom Products Inc., Reckitt Benckiser Group PLC, S. C. Johnson & Son, Inc., Diversified Chemical Technologies, Inc., White Diamond Detail Products, Weiman Products, LLC., Wizards Products, Turtle Wax, Inc., Halfords Limited, Menzerna polishing compounds GmbH & Co. KG and Cyclo Industries, Inc., among others.

Opportunities for Metal Polish Products Market Participants

Globally, the metal polish market has been witnessing significant growth, owing to the rise in the demand for cleaning and polishing products. The market is governed by the innovation of new products, owing to advancement in technology, as a result of which the manufacturers of metal polish products market keep adding new products to their portfolios.

The supply-side participants of the metal polish products market are focussed on making their products more efficient and cost-effective. The emergence of e-commerce and the influence of TV commercials also play a major role in driving the growth of the metal polish products market during the forecast period.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: regional markets, form, end-use & sales channel.

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The study is a source of reliable data on:

  • Metal Polish Products Market segments and sub-segments
  • Metal Polish Products Market trends and dynamics
  • Supply and demand
  • Metal Polish Products Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Metal Polish Products Market: Segmentation

On the basis of form, the metal polish products market has been segmented as:

  • Liquids
  • Sprays
  • Gels
  • Tablets
  • Foam

On the basis of end use, the metal polish products market has been segmented as:

  • Households
  • Industrial
  • Metal Manufacturing

On the basis of sales channel, the metal polish products market has been segmented as:

  • Hypermarkets
  • Supermarkets
  • Independent Retailers
  • Multi Brand Stores
  • Specialty Retail Stores
  • Online Sales
  • Company Website
  • 3rd Party Online Sales

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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 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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Hobs Market – Asia is Projected to be the Most Lucrative Industry | Says FMI

The hobs market Size forecasted to register 4.8% CAGR during the forecast period (2022-2032) and is projected to reach US$ 33 Billion by 2032. The global kitchen appliances market is driven by the innovation of new products owing to technological advancement leading to the entry of new products such as hobs in the market. Hobs are basically modern gas stoves which are inbuilt in our kitchen slabs and helps in saving a lot of space.

The manufacturers of hobs are focused on making it more energy efficient and convenient in use and at the same time improving the overall performance of hobs to provide a better cooking experience to the consumers as a result of which the demand for residential hobs is anticipated to increase in the market.

Kitchen hobs is among the most essential equipment needed for cooking and find its place in most of the modern houses. Innovative features such as the incorporation of flame failure detection technology which automatically shuts off when gas leakage is observed and is one of the major reason for the rise in demand of hobs in the market.

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The growing number of smart homes also play a major role in boosting the demand for hobs in the market. Hobs are so designed that they consume less amount of energy or fuel to the same amount of work that a normal cook-top would take which is a major attraction or the consumers and leads to fuelling the demand for hobs in the market.

The increasing purchasing power of the consumers also plays a significant role in shifting consumer preferences from buying conventional cooktops to more advanced cooking equipment such as hobs which again proves to be a growth driver for the hobs market.

Innovation of new products with added safety features such as FFDT technology is driving the Hobs in the market

The key influencer for growth in the demand for hobs is the innovation of new products that are cost-effective and efficient and the rising consumer spending on household products. The global hobs market is driven by the increased availability and reduced prices of these products, owing to the advancement of new technologies.

With advanced features such as variable number of burners or induction tops, zone hobs have become a preferred choice among consumers. Manufacturers of hobs are engaged in research and development to enhance their profit margins and, at the same time, offer efficient products. Growth of the food

Hobs Market: Market Participants

The key market participants identified across the value chain of the hobs market are Whirlpool Corporation, AB Electrolux, Miele & Cie. Kg, Panasonic Corporation, Arcelik A.S. (Beko), IFB Industries Limited, Elica S.p.A., Electron International, FABER S.p.A., Bosch-Siemens Hausgeraete GmbH, Sunflame Enterprises Private Limited, Capella Home Appliances and Daewoo Electronics Corporation, among others.

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Opportunities for Hobs Market participants

The global hobs market has been witnessing significant growth, owing to the increasing penetration of these products in developing countries and growth in the rate of acceptance among consumers. The hobs market is also influenced by the emergence of e-commerce and m-commerce as potential trade platforms.

The supply-side participants of the hobs market are strategizing on new and effective techniques for the marketing of their products to increase product penetration and influence the buying behaviour of consumers in favour of hobs.

The growth in per capita disposable income, coupled with the number of families choosing to live separately in nuclear houses, is also a major reason propelling the growth in the demand for hobs in the market. The hobs market offers promising growth opportunities, which is attracting a large number of players to enter the hobs market.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.

By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: regional markets, product type, base material, ignition, burner or induction zone, price range & sales channel.

The study is a source of reliable data on

  • Hobs Market segments and sub-segments
  • Hobs Market trends and dynamics
  • Supply and demand
  • Hobs Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

Request a Complete TOC of this Report with figures@
https://www.futuremarketinsights.com/toc/rep-gb-8485

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases).

The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study.

By doing so, the report projects the attractiveness of each major segment over the forecast period.

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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 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