FMI Report Indicates Global Optical Waveguide Market Share to Surge Past USD 13 Billion by 2033, Driving 5.3% CAGR Growth

The optical waveguide market is poised for significant growth, aiming to achieve an impressive valuation of USD 13.0 billion by 2033, driven by a substantial Compound Annual Growth Rate (CAGR) of 5.3% from 2023 to 2033. Currently, the market is on a robust trajectory, with an estimated value of USD 7.8 billion in 2023.

This expansion not only indicates the thriving state of the optical waveguide market but also highlights the influential role of North America in shaping the industry’s trajectory. With a focus on continuous innovation, the region is strategically positioned to lead the global optical waveguide market, promising a dynamic and inventive future.

North America, renowned as a hub for technological advancements, emerges as the driving force behind the exceptional growth observed in the optical waveguide market. Serving as a global center for innovation and cutting-edge technology, North America leads in the adoption and seamless integration of optical waveguide solutions across various industries. The region’s proactive stance in embracing these technologies solidifies its leadership position in the ongoing evolution of the industry.

Key Drivers Fueling the Global Optical Waveguide Market:

  • Rapid Increase in Electronic Device Usage: The widespread adoption of electronic devices is a primary driver, resulting in augmented data flow and substantial data traffic, boosting the demand for optical waveguides.
  • Growing Internet Popularity: The rising popularity of the internet, coupled with the emphasis on low power consumption, is anticipated to drive the demand for optical waveguides.
  • High-Speed Cloud Computing: The emergence and increasing prominence of high-speed cloud computing techniques are contributing to heightened sales of optical waveguides.
  • Optical Interconnect Advantages: The demand for optical waveguides is driven by their ability to efficiently convert signals from electrical to optical forms, offering reduced frequency-dependent loss and enhanced bandwidth.
  • Data Handling in Data Centers: Optical waveguides play a pivotal role in managing the substantial data generated by data centers and cloud computing. Their unique features, including distributed sensing and resistance to electromagnetic interference, bolster their adoption during the forecast period.

Key Players:

  • Sumitomo Bakelite Co. Ltd.
  • Waveguide Optical Technologies,
  • DigiLens, Inc.
  • Himachal Futuristic Communications Ltd.
  • Corning Incorporated
  • LEONI Fiber Optics, Inc.
  • Prysmian SpA
  • Yangtze Optical Fiber and Cable Co. Ltd.
  • Sterlite Technologies Limited
  • Fujikura Limited
  • Other

Key Developments Shaping the Optical Waveguide Market:

In December 2019, DigiLens Inc., a pioneer in holographic waveguide display technology for augmented reality, marked its expansion into China by partnering with Crystal Optech. This collaboration introduced Crystal Optech as its first Chinese licensee and appointed Xiaoshu Lin as the Country Manager. This strategic move aimed to enhance the market presence of DigiLens Crystal waveguides.

In January 2020, Sterlite Technologies Ltd. made a notable announcement regarding the acquisition of a 12.8% stake in ASOCS, an Israel-based on-premise cloud solutions provider. This joint venture aimed to empower network operators in constructing exceptional networks, enabling them to develop vendor-neutral, independent networks utilizing cutting-edge technologies such as 5G, software-defined networking, and AI.

Read More! https://www.openpr.com/news/2749695/optical-waveguide-market-size-is-forecasted-to-be-appraised

Key Segments Covered:

By Type:

  • Planar Waveguide
  • Channel Waveguide

By Material Type:

  • Semiconductor Waveguides
  • Electro-optic Waveguides
  • Glass Waveguides
  • Silicon Waveguides
  • Polymers Waveguides
  • Others

By Fabrication Process:

  • Microreplication Method
  • Lithography Method
  • Photo-address Method

By Application:

  • Tablet PC
  • Inspection Devices
  • Super High Vision
  • High-performance Server, Computing, Router
  • Printers
  • Medical Equipment
  • Aircraft & Automobiles
  • Others

By Optical Interconnection:

  • Chip to Chip Optical Interconnection
  • Board to board Optical interconnection
  • On-chip Optical Interconnection
  • Optical Back Plane
  • Inter Board
  • Others

By Region:

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

Access Report Details for More In-Depth Information!

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

Global Optical Current Transformer Market Size Forecasted to Surpass USD 353.0 Million Valuation by 2033, Surging at 8.4% CAGR

The global optical current transformers market size is likely to be valued at USD  157.6 million in 2023. The increasing demand for cleaner and sustainable energy sources is driving market growth. The market is estimated to garner USD 353 million in 2033, recording a CAGR of 8.4% from 2023 to 2033

The increasing deployment of renewable energy sources, such as solar and wind power, requires reliable current measurement in power generation systems. Optical current transformers provide accurate current measurement capabilities without the need for invasive wiring or potential safety hazards, making them well-suited for integration into renewable energy infrastructure.

Increasing grid modernization in countries and upgradation of power infrastructure to improve efficiency, reliability, and safety. Optical current transformers play a vital role in modernizing power grids by offering advanced measurement capabilities, compatibility with digital monitoring systems, and reduced maintenance requirements.

The growing global demand for electricity drives the need for accurate current measurement in power generation, transmission, and distribution systems. Optical current transformers help meet this demand by offering reliable current measurement solutions that can handle high currents without sacrificing accuracy

Increasing technological advancements in optical and sensing technologies are fueling the development of more advanced and cost-effective optical current transformers. These technological advancements drive market growth by improving the performance, reliability, and affordability of OCTs, making them more accessible to a wider range of applications.

 Key Takeaways from the Market Study:

  • From 2018 to 2022, the optical current transformers market demand expanded at a CAGR of 7.6%
  • Based on type, the magnetic segment accounts for a CAGR of 8.3%
  • By application, the power system & infrastructure segment is expected to expand at a CAGR of 8.2% during the forecast period
  • North America to emerge as a promising optical current transformers market, capturing a CAGR of 8.2%
  • The optical current transformers industry in the United Kingdom is predicted to reach USD 213.4 million by 2033
  • South Asia and the Pacific to be an opportunistic optical current transformers market, expected to capture a CAGR of 8.1% during the forecast period.

Browse More! https://www.prnewswire.com/news-releases/optical-current-transformer-market-to-exceed-us-322-7-mn-by-2032–based-on-cutting-edge-patented-technology–future-market-insights-inc-301590350.html

Competitive Landscape:

The global optical current transformers market is fragmented with the presence of several large and medium-scale players. The leading players in the optical current transformers market are investing in strategic agreements in order to capture market share.

Prominent Players in the Optical Current Transformers Market are:

  • Siemens Energy
  • Arteche
  • General Electric
  • Profotech JSC
  • CONDIS Group
  • Zhejiang Great Electrical Co., Ltd
  • Sieyuan Electric Co., Ltd.
  • Yangtze Optical Electronic Co., Ltd.
  • ABB
  • Comcore Technologies
  • Hitachi Energy Ltd.

Current Transformer Market Segmentation:

By Type:

  • Magnetic
  • Fiber

By Application:

  • Electrical High Voltage Substation
  • Network Applications
  • Power System & Instrumentation
  • Modern Electronic Meter Transformer
  • Transmission Line

By Region:

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

Access Report Details for More In-Depth Information!

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

Refractive Surgery Device Market to Reach USD 213 Million by 2024, Projected to Grow at 3.90% CAGR through 2034

Refractive Surgery Device Market
Refractive Surgery Device Market

The global refractive surgery device market is poised for substantial growth, with its valuation expected to reach USD 213.0 million by 2024. This market is forecasted to maintain a CAGR of 3.90% from 2024 to 2034, offering an absolute dollar opportunity of USD 312.3 million by the end of the forecast period. This surge underscores the rising global demand for vision correction solutions driven by key demographic and lifestyle shifts.

The primary growth drivers for this market are the increasing elderly population and the surge in screen time due to the Covid-19 pandemic. As the world adjusts to hybrid work models and increased reliance on digital devices, the strain on eye health has led to a heightened demand for refractive surgery devices. This trend is particularly prominent in regions with aging populations, where the prevalence of age-related vision issues is on the rise.

Market players are expected to capitalize on this demand by introducing advanced, minimally invasive refractive surgery technologies. The rise in awareness about the benefits of refractive surgery, coupled with technological advancements, is likely to further fuel market expansion. As the need for improved vision care becomes a global priority, industry stakeholders are focusing on innovations that enhance safety, precision, and patient outcomes.

The refractive surgery device market represents a significant growth opportunity for manufacturers, healthcare providers, and investors alike. With increasing global awareness of eye health, coupled with technological advancements in surgical procedures, the sector is on track for sustained growth through 2034. Companies that can deliver innovative, patient-centric solutions are expected to lead in this dynamic market.

Key Takeaways:

  • Market Valuation: The global refractive surgery device market is projected to reach USD 213.0 million by 2024.
  • Growth Momentum: Market growth will continue at a compound annual growth rate (CAGR) of 3.90% from 2024 to 2034.
  • Revenue Opportunity: The market is expected to generate an absolute dollar opportunity of USD 312.3 million by 2034.
  • Growth Drivers:
    • Aging Global Population: The increasing number of elderly individuals is contributing to a higher prevalence of vision problems, necessitating refractive surgeries.
    • Increased Screen Time: Lifestyle changes post-COVID-19 have led to more screen time, resulting in a rise in vision-related issues that require correction.

This growth trajectory highlights the importance of refractive surgery devices in addressing the evolving needs of patients seeking vision correction solutions. As the market continues to develop, advancements in technology and increasing awareness about eye health will likely further drive demand for these devices.

Competitive Landscape

Due to their prolonged presence, the market for refractive surgery devices is filled with companies with a strong foothold in the international marketplace. Hospitals, ambulatory surgical centers, and emergency clinics rely on these companies for the devices required for refractive surgeries.

Some of the most prominent companies in the market are Alcon Inc., Carl Zeiss Meditec AG, Johnson & Johnson Vision, Bausch + Lomb, NIDEK Co., Ltd., and Ziemer Ophthalmic Systems AG. These companies invest billions of dollars to come up with new technologies to make the surgery process more convenient, effective, and less time-consuming.

Recent Developments

  • In June 2023, Eye-Q introduced an Advanced Customised LASIK machine at its Rewari eye-care facility, revolutionizing laser vision correction and eliminating the need for patients to travel to Gurugram. The hospital aimed to enhance the quality of life for individuals, particularly youth aged 18-35, by offering world-class eye-care treatments.
  • In September 2023, Alcon unveiled its largest-ever scientific program at the 41st Congress of the ESCRS in Vienna, Austria. The event showcased over 75 abstracts, presenting new data and innovations supporting ophthalmic surgical teams across cataract, refractive, visualization, and ocular health fields.

A Full Report Overview – https://www.futuremarketinsights.com/reports/refractive-surgery-devices-market

Key Companies in the Market

  • Alcon Inc.
  • Carl Zeiss Meditec AG
  • Johnson & Johnson Vision
  • Bausch + Lomb
  • NIDEK Co., Ltd.
  • Ziemer Ophthalmic Systems AG
  • STAAR Surgical Company
  • Abbott Medical Optics
  • Topcon Corporation
  • Essilor International
  • Lumenis Ltd.
  • HOYA Corporation
  • Haag-Streit AG
  • Schwind eye-tech-solutions GmbH
  • iVIS Technologies
  • Oculentis GmbH
  • NIDEK Technologies Srl
  • Optovue, Inc.
  • OCULUS Optikgeräte GmbH
  • Rayner Intraocular Lenses Limited

Refractive Surgery Device Market Segmentation

By Product Type:

  • Lasers
  • Microkeratome
  • Aberrometers
  • Other Product Types

By Application:

  • Myopia
  • Hyperopia
  • Astigmatism
  • Presbyopia
  • Dry Eyes

By End-use:

  • Hospitals
  • Ambulatory Surgery Centers
  • Ophthalmology Clinics

By Region:

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

Explore FMI’s Related Ongoing Coverage on Healthcare Market Insights Domain:

Europe Platelet Rich Plasma (PRP) Market – https://www.futuremarketinsights.com/reports/europe-platelet-rich-plasma-market
Silent Scan Technology Market – https://www.futuremarketinsights.com/reports/silent-scan-technology-market
Specialty Active Pharmaceutical Ingredients Market – https://www.futuremarketinsights.com/reports/specialty-active-pharmaceutical-ingredients-market

Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531

For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

Global Mining Flotation Chemicals Market to Reach USD 19,360.2 Million by 2033, Growing at a 5% CAGR

 

The global mining flotation chemicals market is projected to experience steady growth, advancing at a healthy compound annual growth rate (CAGR) of 5% over the forecast period. By 2033, the market is expected to reach a valuation of USD 19,360.2 million, driven by the increasing demand for these chemicals in the mining industry. Mining flotation chemicals play a vital role in the extraction of valuable minerals, such as copper, gold, and other base metals, by enhancing the separation process during ore beneficiation. As the global mining industry continues to expand, with a focus on improving efficiency and sustainability, the demand for advanced flotation chemicals is expected to rise, boosting market growth in the coming years.

Standard copper ore grade has significantly reduced in the last few years. Mineral ores’ grades are reducing owing to aging mineral resources. As various chemicals are required to restore the ideal mineral, the requirement for mining flotation chemicals is expected to increase as ore grades decline.

Chemical firms working in mining flotation are currently focusing on understanding better flotation collector feedback to different mineralogy species. The market has recently observed a trend toward the creation of novel frothers. Apart from this, shifting from high molecular structure glycol-based frothers to MIBC permitted for coarser grinding in the mill.

The industry players are also diving deep into what makes the flotation collectors tick to different mineralogy species. By understanding the science behind it, the players are customizing chemical responses to better the ore processing efficiency. Producers are constantly working toward gaining a better grip on consumers wanting to distribute customized reagents.

Top Highlights from the FMI’s Analysis of the Mining Flotation Chemicals Market:

  • The mining flotation chemicals industry in the United States is expected to account for 23.1% market share in 2023. The massive stake of the country is forecast to drive more market opportunities for manufacturers in the coming years.
  • Germany’s mining flotation chemicals industry is expected to share 5.8% of the market in 2023. Due to Germany’s prominent presence in the Europe market, the country is expected to attract market players willing to scale their business in the region.
  • Australia’s share in the market is 2.4% in 2023. As a result of the budding market for mining flotation chemicals in the country, the market is projected to witness an expansion in its revenues.
  • China is expected to observe a robust market CAGR of 26.3% over the forecast period.
  • India is anticipated to witness a CAGR of 6.8% from 2023 to 2033.
  • The United Kingdom market is projected to expand at a CAGR of 3.1% over the upcoming years.
  • Based on product type, sulfide ore is expected to account for 67.7% market share in 2023.
  • Under the chemical type category, the flocculants segment bagged 32.1% market share in 2023.

Key Developments Taking Place in the Market

  • FMC Corporation has dedicated investment of above US$ 50 million in June 2021 to the period of the next three years. This investment is aimed at capital improvement projects like a renewal of the research laboratory and greenhouse of the company’s research and development H.Q. in Newark, Delaware.
  • BASF and Moleaer came into a strategic alliance to profit from the mining field in November 2022. Through this alliance, both companies are leveraging chemical, gas transport, mineral processing, gas transport, and nanobubble technologies. The main goal of this development is to improve the extraction rates from copper ores to a high level of chalcopyrite, which has originally been hard to leach, by concentrating on the copper leaching process.
  • Arkema entirely acquired ArrMaz in July 2020. ArrMaz has over US$ 290 million in sales from North America, Asia, South America, and the Middle East, and Africa.
  • Solvay introduced Polycare Heat Therapy in March 2023 for bio-based thermoprotection in hair care. The product is a non-ecotoxic, double-derivatized cationic guar active ingredient that progresses the global trend of silicone-free and bio-based solutions in hair care. It also offers brilliant thermal protection in transparent preparations.

Unlock Comprehensive Knowledge with the Complete Mining Flotation Chemicals Market Analysis!

Mining Flotation Chemicals Market by Category

By Ore Type:

  • Sulfide Ore
  • Non-Sulfide

By Chemical Type:

  • Collectors
  • Frothers
  • Dispersants
  • Activators
  • Depressants
  • Flocculants
  • Others

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

Pearlescent Pigment Market: Projected to Surpass USD 5.5 Billion by 2033 Driven by Automotive, Paints, Coatings, and Plastic Industries

Pearlescent Pigment Market
Pearlescent Pigment Market

The pearlescent pigment market is expected to experience steady growth over the coming years, with a projected compound annual growth rate (CAGR) of 4.0%. As a result, the market is anticipated to surpass USD 5,544.7 million by 2033. This growth can be attributed to the increasing demand for pearlescent pigments in a wide range of applications, including cosmetics, automotive coatings, plastics, and packaging, driven by their aesthetic appeal and versatile usage. The ongoing expansion in industries such as automotive and personal care is likely to fuel this upward trajectory, while innovations in pigment formulations and sustainable production methods may further support market development.

Manufacturers of automotive and industrial coatings are opting for pearlescent pigment for their aesthetic brilliance and exclusivity, thus enhancing the look of their products. Additionally, efficacious, special-effect pearl pigments enhance the sustainability quotient of the final product due to their inherent sustainability.

Sustainable pearlescent pigments have low VOC volume and better performance attributes like durability, better barrier resistance, and thermal stability. Since customers are becoming discerning of the potential environmental damage, they are increasingly considering options that allow them to reduce their overall carbon footprint. Based on these factors, the market is expected to expand over the forecast period.

This pigment has also stepped foot in the personal care and cosmetics industry, and since its arrival, it has revolutionized how consumers perceive beauty and appearance. This is credited to its cost-effectiveness, which makes achieving a ‘celebrity’ look possible on a budget. Many powders, creams, and lotions for personal care consist of natural pearl essence as an eco-friendly, dermatologically tested substitute to its toxic and synthetic counterparts.

Key consumers for this pigment are India, China, and Brazil due to their adoption quotient and surging per capita income. Moreover, the popularization of mass-customized goods and surging governmental assistance is expected to push construction activities and automotive production, thus broadening the application scope of these pigments.

Top Highlights from the FMI’s Analysis of the Pearlescent Pigment Market:

  • As per FMI estimates, the United States’ stake in the global market is 27.3%, making it an ideal candidate for future business prospects.
  • Germany is expected to enjoy a market share of 6.8% in 2023, suggesting considerable opportunities for growth.
  • Australia is expected to attain 5.9%, representing one of the core markets for pearlescent pigment. Manufacturers are projected to explore burgeoning prospects in the country.
  • Japan’s share is estimated to be 5.6%, demonstrating a substantial market for business ventures of pearlescent pigment.
  • India is expected to expand at a CAGR of 4.8% over the forecast period, suggesting more investments are underway by manufacturers.
  • China and the United Kingdom are anticipated to expand at CAGRs of 4.4% and 3.9%, respectively, over the forecast period.
  • Based on purity type, natural pearl pigment is expected to take up the majority of the market share by gaining 67.4% in 2023.
  • Based on end use industry, the automotive paints industry is expected to contribute 39.3% market share in 2023.

Market Developments Shaping the Pearlescent Pigment Industry

  • Sun Chemical introduced Xennia Pearl pigment inks in October 2021. The latter is used in fast-paced industrial applications. This consists of inks for both mid and high-viscosity printheads. The firm stated the creation of this product for its multi-substrate compatibility, robustness, consistent color, and excellent print performance.
  • DIC Corporation and Sun Chemical, its subsidiary firm, obtained Seller Ink in September 2020. The latter company is a Brazil-based producer of specialty inks and coatings. This acquisition is expected to help Sun Chemical expand its specialty inks and coatings business in Latin America.
  • BASF SE released eXpand! Blue EH 6001 in March 2019. The product is marketed under its brand name Colours & Effects. This product came to fruition due to a partnership between Landa Labs and BASF.
  • Fujian Kuncai Fine Chemicals Co. Ltd. introduced the “Dove Grey” pigment in May 2019. This pigment is a semi-transparent neutral grey hue, used mainly for industrial applications.

Top Key Players in the Global Market

  • BASF SE
  • Sudarshan Chemical Industries Ltd
  • Merck KGaA
  • DIC Corporation
  • ALTANA AG
  • Fujian Kuncai Material Technology Co., Ltd
  • CRISTAL
  • Shanghai Zhuerna High-Tech Powder Material Co., Ltd
  • Oxen Special Chemicals Co., Ltd
  • Huaian Concord Industrial Product Co., Ltd.

Unlock Comprehensive Insights by Reading the Full Report Now!

Pearlescent Pigment Market Segmentation

By Purity Type:

  • Natural Pearl Pigment
  • Synthetic Pearl Pigment
  • Glass Flake Pearl Pigment

By Structure Type:

  • Substrate-free
  • Monolayer
  • Multilayer

By End-use Industry:

  • Automotive Paints
  • Paints & Coatings
  • Personal Care
  • Plastic Industry
  • Printing
  • Others

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

Alumina Trihydrate Market: Driving Growth Across Plastics, Paints, and Pharmaceuticals Sector

Alumina Trihydrate Market
Alumina Trihydrate Market

 

The global alumina trihydrate market is projected to accelerate at a phenomenal CAGR of 7.7% throughout the forecast period from 2023 to 2033. The global market is likely to reach a valuation of USD 5,324.6 million in 2023 and surpass a valuation of USD 11,180.1 million in 2033.

The growth of the global alumina trihydrate market is attributed to its diverse application in numerous industries such as plastics, papers, paints & coatings, and others is the key factor propelling the growth. All these industries rely heavily on alumina trihydrate, and their anticipated expansion should fuel aluminum hydroxide sales. It has been estimated that more than 90% of alumina trihydrate production goes into manufacturing aluminum. When alumina trihydrate is used for flame retardant applications, it suppresses and reduces fire spread via plastic.

Alumina trihydrate or aluminum hydroxide is known for its power source from bauxite. It is translucent and white in color. Through exposure to heat, alumina trihydrate converts to aluminum oxide and releases water. The powder is most commonly used for preparing transparent lake pigments.

Report Highlights

Alumina trihydrate comprises antacid properties and can facilitate the maintenance of optimum pH in the gastrointestinal tract. Its antacid properties are likely to make aluminum hydroxide demand soar from the worldwide pharmaceuticals industry. Furthermore, its excellent filler qualities make it suitable for use in plastics, cosmetics, detergents, inks, ceramics, and glass. It is also an excellent water-repellent, flame-retardant, and paper coating.

Over recent years, strict fire safety regulations have come into force all over the world. This has resulted in augmenting demand for high-quality flame retardants that have been on a consistent rise. Future Market Insights (FMI) expects this trend to continue between 2023 and 2033.

Throughout the assessment period, non-halogenated flame retardant demand elevated all over the globe, owing to various fire-related accidents. The use of alumina trihydrate also gained traction for engineering papers, plastics, rubbers, paints, and coatings. Automobiles with low weights tend to be more fuel efficient as it takes less power to move them compared to heavy all-metal vehicles.

Recent Developments

Approximately 10 to 15% of any modern-day vehicle’s weight includes plastic composites. Owing to these factors, automobile manufacturers are increasingly preferring these composites over metals. The use of metals can add to the strength and durability of automobiles.

Other kinds of metals also tend to make vehicles heavy, which is likely to impact their fuel economies adversely. Plastic composites engineered using alumina trihydrate can reduce a vehicle’s weight significantly. Among several car owners all over the globe, fuel economy has become a prominent talking point.

Fuel prices have been steadily rising in recent years, and vehicle owners are on the lookout for products that offer fuel economy benefits. Moreover, FMI anticipates this trend to persist over the next decade and drive alumina trihydrate demand. Using alumina trihydrate in automobile manufacturing as an alternative to titanium dioxide can also lower production costs by around 25%.

Discover Detailed Findings in the Complete Report!

Competitive Landscape

Attributing to the widespread expansion of the alumina trihydrate market, the competition is predicted to grow fiercer due to the presence of dominant regional and international players in the market. The market still has a fair way to go before it reaches a saturation point. FMI anticipates both leading and emerging players to expand production facilities based on trends from the recent past.

There are massive investments in research and development activities as manufacturers are keen on reducing costs and improving quality. Acquisitions and mergers look probable too.

In January 2023, ChemIndia, a company based in India, announced the launch of extender pigment products which include alumina hydrate. In August 2022, Cimbar Resources Inc. acquired the manufacturing assets of Imerys Carbonates USA Inc. related to calcium carbonate manufacturing.

Top Key Players in the Alumina Trihydrate Market

  • Sumitomo Chemical Co. Ltd.
  • Aluminum Corp. of China Ltd.
  • Nabaltec AG
  • National Aluminium Company Ltd.
  • Huber Engineered Materials
  • SCR Sibelco NV
  • R.J. Marshall Company
  • Alteo
  • Southern Ionics Incorporated
  • ALUMINA CHEMICALS and CASTABLES

More Insights into the Alumina Trihydrate Market

China is anticipated to dominate the global alumina trihydrate market over the evaluation period as it accounts for 60% of the entire coatings volume of the Asia Pacific region. The presence of key manufacturers, abundant availability of raw materials, and a strong industry base are a few of the key factors responsible for the acceleration of the industry in China.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

Sulphur-Coated Urea Market: Trends, Growth Projections, and Opportunities to 2032

Sulphur Coated Urea Market
Sulphur Coated Urea Market

The global sulphur coated urea market is expected to exhibit a stable CAGR of 3.3% with an surpassing a valuation of USD 1,453.0 Million by 2032. The surging sales perspectives are attributed to the diverse usage of Sulphur in industries like agriculture, golf courses, professional lawn care, turf, and greenhouses bolstering the growth in the market.

The increased availability of several other coated particles which resulted in stagnant market growth across the forecast period from 2022 to 2032 is expected to propel the demand for Sulphur coated urea market. In addition to that, the market is expected to excel amid a surging number of golf courses globally and increased spending on luxury amenities such as household lawns.

Key Takeaways

  • One of the major key factors propelling the growth is rising concerns regarding sustainability and the urgent need for cost minimization in the agriculture sector. On a regional basis, North America is anticipated to dominate the global Sulphur coated urea market in terms of consumption.
  • Attributing to the technological advancements in the agriculture industry and accelerated usage of Sulphur coated urea in agricultural applications, specifically for grain crops is expected to bolster growth in the global market.
  • Furthermore, emerging countries like East & South Asia Pacific such as India, Japan, China, and Australia are projected to witness a substantial demand for Sulphur coated urea in the coming decade.
  • Rising concerns about over-eutrophication, stringent regulations and penalties on conventional fertilizers, product innovations, and increasing technological advancements are expected to fuel the demand in Sulphur coated urea market.
  • There is a reasonable surge witnessed in the demand for food production due to the growing popularity along with increased investments in agriculture modernization, especially in emerging economies such as India and China will drive the demand in the market.
  • Another crucial key factor bolstering growth in the market is, the shifting focus of farmers in order to increase agriculture yields with profit margins in the agriculture sector. Being a slow-released fertilizer, Sulphur coated urea (SCU) is produced by a thick coating of hot urea with molten Sulphur and then sealed with polyethylene oil or microcrystalline wax.
  • Widespread adoption of Sulphur coated urea is witnessed for agriculture applications owing to an economical slow-release nitrogen source compared to other coated materials with low leaching and volatilization losses. On the back of these factors, high demand of Sulphur coated urea is anticipated during the forecast period.
  • Key players in the Sulphur coated urea market are developing Sulphur coated urea with lower particle sizes, allowing for their usage on putting greens. These product innovations are further expected to boost the demand for Sulphur coated urea during the forecast period.

Gain Detailed Understanding by Reviewing the Complete Report!

Competitive Landscape

Dominant players in the market are focused on heavy investments and innovations for the development of products with improved applications and the introduction of sustainable products in order to minimize carbon footprints. On the other hand, some of the other players are concentrating on capacity expansions in emerging economies to capitalize on expanding their agriculture sector.

Top Key Players

  • Nutrien Ltd.
  • J.R. Simplot Chemicals
  • Turf Care Supply, LLC
  • Israel Chemicals Ltd.
  • The Andersons, Inc.
  • Everris
  • Syngenta AG
  • Hanfeng Evergreen
  • Yara International ASA
  • Haifa Chemicals Ltd.

More Insights into the Sulphur Coated Urea Market

According to FMI estimations, the U.S. is expected to remain one of the leading consumers of Sulphur coated urea attributing to the rising applications in diverse industries including the residential sector and the agriculture sector among others. The country is predicted to account for about 20%-25% of the global value share in the Sulphur coated urea market.

Emerging economies like China, Japan, and Australia are expected to be the fastest growing Sulphur coated urea market all over the Asia Pacific region owing to the rising preference for luxury amenities such as golf courses, community shades, horticulture, gardens, etc., which is creating a conducive environment for key players in the region.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

Driveline Additive Market: Advancing Fuel Efficiency, Emission Compliance, and Technological Innovation

Driveline Additive Market
Driveline Additive Market

The driveline additive market is projected to soar to USD 15.2 billion by 2033, marking a steady growth rate of 5.1% over the decade. This growth is driven by the widespread adoption of driveline additives, which offer versatile benefits across both on-road and off-road applications, outpacing traditional lubricant additives in the market.

The increasing demand for driveline additives in off-road applications in agriculture, construction, mining, and forestry heavy machinery is likely to boost the market growth. OEM requirements for extended drain, fuel efficiency, and temperature stability will create a positive market growth environment for driveline additives during the forecast period.

Engine oil additives are gaining traction in passenger cars. Motor oil additives for passenger cars can aid in reducing emissions, extending engine life, and improving performance and fuel economy, driving the market’s growth.

Environmental consciousness and regulations promoting environmentally friendly lubricants and additives can lead to developing and adopting eco-friendly driveline additives. The growth of urban populations and industrialization in emerging markets drive the demand for transportation and industrial machinery, creating opportunities for the driveline additive market.

Key Takeaways

  • From 2018 to 2022, the driveline additive market demand expanded at a CAGR of 4.0%
  • Based on product type, the transmission fluid additives segment is expected to account for a market share of 59% during the forecast period.
  • Global driveline additives demand in the United Kingdom is predicted to account for a CAGR of 4.9% from 2023 to 2033.
  • In the United States, the market is expected to account for a CAGR of 5.0% between 2023 and 2033.
  • China is projected to expand by a value CAGR of 4.8% between 2023 and 2033.
  • By 2033, the driveline additives market in India is anticipated to record a CAGR of 4.5% during the forecast period.

The increasing application of driveline additives in industrial machinery and agricultural equipment is anticipated to drive the market growth during the forecast period.” Says an FMI Analyst.

 Competitive Landscape

Players have used product launches and business expansion to grow their market share, increase profitability, and stay competitive in the driveline additive market.

In recent years, prominent players have been involved in corporate tie-ups with automotive OEMs to retain their existing customers and deliver customized products. The leading players involved in the commercialization of their products to leverage immense potential in the market. Some of the recent developments in the market are discussed below.

  • Afton Chemical specializes in additives for fuels and lubricants, including driveline additives. They offer solutions to enhance performance, reduce friction, and improve fuel efficiency. Afton Chemical Corporation is working with OEMs to meet today’s OEM requirements for extended drain, fuel efficiency, and temperature stability.
  • Chevron Oronite, a subsidiary of Chevron Corporation, develops and manufactures specialty chemicals, including driveline additives, to enhance the performance and efficiency of lubricants.
  • Evonik is a global specialty chemical company with a focus on additives for various industries. They offer driveline additives that address friction reduction and protection of drivetrain components.

Access the Complete Report for a Comprehensive Overview!

Top key Players

  • Lubrizol Corporation
  • Chevron Oronite Company, LLC
  • BRB International BV
  • Vanderbilt Chemicals, LLC
  • Infineum International Limited
  • Afton Chemical
  • Lubrilic Corporation
  • . BASF SE
  • Evonik Industries AG.
  • The Lubrizol Corporation.

Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global driveline additives market, providing historical data from 2018 to 2022 and forecast statistics between 2023 and 2033.

To understand opportunities in the driveline additives market, the market is segmented based on product Type (Transmission Fluid Additives, Gear Oil Additives), Application (Passenger Car, Commercial Vehicles, Off-Highway vehicles), and Region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, the Middle East, and Africa).

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

France Culinary Tourism Market Set for Rapid Growth Driven by Rising Demand for Authentic Culinary Experiences

The global appetite for French cuisine and culinary experiences has led to a surge in tourism, propelling the France Culinary Tourism Market to a remarkable USD 29.9 billion in 2022. According to recent market analysis, this industry is set to expand rapidly, with projections estimating a market value of USD 161.94 billion by 2033, growing at a compound annual growth rate (CAGR) of 16.6% from 2023 to 2033.

Each year, millions of international tourists flock to France to experience the nation’s unparalleled culinary traditions, from its rich variety of cheeses and wines to its freshly baked breads and exquisite pastries. The country’s culinary tourism market benefits from its diverse offerings, which include food festivals, wine tours, cooking classes, and specialized gastronomic tours led by experts who bring the culture and history of French cuisine to life.

Key Drivers of Market Growth

The growth of the France Culinary Tourism Market is being fueled by several key factors:

  • Rising Interest in Culinary Tourism: Tourists are increasingly seeking authentic, hands-on culinary experiences, ranging from food festivals to cooking classes and wine tasting tours. As culinary tourism continues to gain popularity, tourists are not only looking to taste local dishes but also to learn the techniques behind creating them.
  • Wine Tourism: France is renowned for its world-class wine regions, including Bordeaux, Burgundy, Champagne, and Provence, attracting millions of wine enthusiasts each year. Vineyard tours, wine tasting events, and harvest experiences are pivotal to the market’s expansion. The unique terroir of each wine-producing region offers a distinctive and immersive experience for tourists, further fueling the growth of wine tourism.
  • Government Initiatives: France’s government has been actively promoting its culinary heritage through food festivals, culinary workshops, and regulations that ensure food quality, thus boosting consumer confidence in the authenticity of French cuisine. These efforts have enhanced the appeal of France as a top destination for food lovers around the globe.
  • Culinary Education and Employment: With an increase in culinary institutes and culinary-related employment opportunities, France is attracting talent from around the world. This creates a dynamic culinary ecosystem that supports the expansion of gastronomic tourism and offers diverse experiences for visitors.

Category-wise Insights

  • Most Preferred Activity: Food festivals dominate the preferences of culinary tourists, with nearly 43.8% of the European market share in 2022. France is home to over 15 iconic food festivals, including those that celebrate regional specialties and the country’s rich gastronomic traditions.
  • Prominent Booking Channel: Online bookings continue to grow in popularity, with 39.7% of the European market share in 2022. Digital platforms are increasingly becoming the preferred method for booking culinary tours, as more tourists opt for the convenience of online reservations, often accompanied by special discounts and easy payment options.
  • Tourist Demographics: International tourists are the major contributors to France’s culinary tourism market, accounting for 25% of the global market share and 41% of the European market share in 2022. Tourists from countries around the world flock to France not only to explore its culinary delights but also to learn about the history and culture behind its world-famous food.

The key players in this market include

  • Flag Travel Holidays
  • My French Voyage
  • Contiki
  • Provence Small Group Tours
  • Food N’ Wine Vacations
  • So Provence So Alps!
  • Blue-Roads Touring
  • Exodus Travels
  • Back-Roads Touring
  • Scenic Luxury Cruises & Tours
  • Avalon Waterways
  • A-ROSA
  • CroisiEurope River Cruises
  • Omega Tours
  • UTracks
  • Food N’ Wine Vacations

Some of the key developments in the France culinary tourism market are:

  • In 2021, Scenic Luxury Cruises and Tours launched two new culinary cruises sailing in France from April 2021.
  • In 2022, a new gastronomy and wine complex was opened in the capital of France’s Central Burgundy region, Dijon.

Get Connected with Our Expert Analyst on Email: sales@futuremarketinsights.com

Key Segments Profiled in the France Culinary Tourism Market

By Activity Type:

  • Culinary Trials
  • Cooking Classes
  • Restaurants
  • Food Festivals
  • Others

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In Person Booking

By Tourist Type:

  • Domestic
  • International

By Tour Type:

  • Independent Traveler
  • Package Traveler
  • Tour Group

By Consumer Orientation:

  • Men
  • Women

By Age Group:

  • 15-25 Years
  • 26-35 Years
  • 36-45 Years
  • 46-55 Years
  • 66-75 Years

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

Surfing Tourism Market Set for Significant Growth, Driven by Rising Demand for Adventure and Sustainable Travel

The global surfing tourism market is poised for substantial growth, with an estimated valuation of USD 2,36,589.9 million by 2034. This represents a remarkable compound annual growth rate (CAGR) of 12.30% from 2024 to 2034, according to a new market research report. By the end of 2024, the surfing tourism market is expected to generate an absolute dollar opportunity of USD 74,184.6 million.

The surge in demand for water sports and outdoor recreational activities is largely driven by the increasing desire for unique and experiential vacations. This trend has been amplified by the growing popularity of coastal tourism, the influence of social media, and an expanding interest in sustainable travel options.

Global Market Trends

The global surfing tourism market is witnessing a number of trends that are shaping its future, including:

  • Surf Retreats: Combining surfing with wellness activities like yoga, meditation, and healthy eating is becoming a significant trend.
  • Virtual Surfing: Virtual reality and online platforms are emerging as an alternative for surfing enthusiasts unable to visit physical destinations.
  • Eco-friendly Practices: More surfing destinations are emphasizing environmental conservation efforts, aligning with the global push for sustainability.

Category Insights

  • Wave Surfing Dominates: Wave surfing remains the most preferred form of surfing tourism, commanding a market share of 60.6%. Its lower cost and greater accessibility make it a popular choice among both domestic and international tourists.
  • Domestic Tourists Lead: Domestic travelers represent the majority of participants in the surfing tourism market, accounting for 67.5% of the market share due to familiarity with local beaches and cost-effective travel options.

Regional Insights

  • India: The Indian surfing tourism market is expected to grow at a rapid pace of 15.60% CAGR by 2034. Government initiatives to enhance coastal infrastructure and the rise of adventure tourism are key growth drivers.
  • China: With the inclusion of surfing in the Olympics, China’s surfing tourism market is projected to grow at a 14.30% CAGR, driven by rising demand for destinations like Hainan and Guangdong.
  • Singapore: As a global travel hub, Singapore is set to experience an 11.60% CAGR in surfing tourism, supported by both international tourists and local surf programs.
  • Canada: The Canadian market is projected to grow at a 7.20% CAGR, benefiting from the country’s rich coastline and outdoor sports culture.
  • Japan: Japan’s clean and calm beaches are propelling the growth of surfing tourism, with a projected CAGR of 10.90% through 2034.

Key Companies in the Market

  • AGIT Global North America, Inc.
  • AJW Surfboard Boardriders, Inc.
  • Body Glove
  • BruSurf
  • CANNIBAL SURFBOARDS
  • Channel Islands Surfboards
  • Firewire Surfboards, LLC
  • Global Surf Industries
  • Globe International Limited
  • Gul Watersports Ltd.
  • Harbour Surfboards
  • Hydenshapes
  • Infinity Surfboards Inc.
  • JS Industries
  • Keeper Sports Products, LLC
  • Mt Woodgee Surfboards
  • Naish International
  • NSP International
  • O’Neill

Recent Developments

  • Kerala gears up to host four international adventure tourism events from March 14 to 17, 2024, in Vagamon, Varkala, Mananthavady, and Kozhikode, including paragliding, surfing, mountain biking, and whitewater kayaking, aiming to elevate its status in global adventure tourism.
  • In June 2023, Panama’s Santa Catalina hosted the PASA Games, attracting 400 surfers from 19 countries. The event generated over $2 million in tourism earnings, filling local hotels to 100% capacity.

Tap into Expertise: Discuss with Our Analyst on Email: sales@futuremarketinsights.com

Surfing Tourism Market Segmentation

By Tour Type:

  • Domestic
  • International

By Consumer Orientation:

  • Men
  • Women

By Tourist Type:

  • Independent Traveler
  • Tour Group
  • Package Traveler

By Age Group:

  • 26-35 Years
  • 36-45 Years
  • 46-55 Years

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube