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The target market is likely to reach an estimated US$ 379 Million in 2022. The product has garnered usage in various end-use industries. Mass application in the paints and coatings industry the growth of pyrogenic silica over the forecast period. The global pyrogenic silica market is anticipated to reach a valuation of US$ 623.3 Million by 2032, with sales growing at a reasonable CAGR of 5.1% from 2022 to 2032.

A special type of silica that contains microscopic droplets of amorphous silica is categorized as pyrogenic silica. The product is gaining large-scale usage in diverse industrial verticals due to its distinctive particle features and large surface area. Pyrogenic silica is finding applications in paints, adhesives, coatings, plastics, sealants, inks, toners, cosmetics, food additives, deformers, and others.

However, it is its mass application in the paints & coatings sector that primarily propels the expansion of the target market. In the paints & coatings sector, pyrogenic silica is used to control the rheologic attributes; to act as an anti-setting agent or as a thixotropy agent, or to protect from rust and corrosion. In addition to this, the elevated demand for decorative items, furniture, and automotive is also anticipated to spur the demand for pyrogenic silica resulting in positive growth for the target market.

Pyrogenic silica acts as a universal thickening agent and an anti-caking agent during the formulation of paints, adhesives, and coatings. It is also used as an excipient in pharmaceutical products.

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In the upcoming years, the target market is expected to experience a swell in demand from the personal care sector because of its application in the production of toothpaste and creams. All of these considerations have a positive impact on the target market.

Other factors that supplement the global growth of the pyrogenic silica market during the projected period are urbanization, industrial growth, and accelerated economic growth in developing economies.

“Rising application in end-use industries like pharmaceutical, beauty & personal care, adhesives, and others will supplement the global sales of the pyrogenic silica market over the forecast period,” says an FMI analyst. 

Key Takeaways:

• Rising demand for environmentally friendly paints stunts the market growth.
• In 2022, the pyrogenic silica market in North America will account for 23.8% of the market share.
• Europe will hold 19.4% of the pyrogenic silica market share by the end of 2022.
• Hydrophilic pyrogenic silica segment will hold 55% of the market share.

Competitive Landscape 

Evonik Industries AG, Akzo Nobel N.V., SOLVAY, Cabot Corporation, Wacker Chemie AG, Tokuyama Corporation, Bayer AG, PPG Industries Inc., Fuji Silysia Chemical Limited, Jilin Shuangji Chemical New Material Co Ltd, Zhejiang Wynca Chemical Industry Group Co Ltd, Shandong Ruiyang Silicon Industry Technology Co., among others are some of the major players in the pyrogenic silica market profiled in the full version of the report.

Leading market players are concentrating on entering markets in emerging economies to expand their manufacturing facilities. Some of the other businesses in the market are keen on introducing and developing new products for different end-user industries.

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Key Segments Profiled in the Pyrogenic Silica Market Industry Survey

Pyrogenic Silica by Type:

• Pyrogenic Silica by Hydrophilic Fumed Silica
• Pyrogenic Silica by Hydrophobic Fumed Silica

Pyrogenic Silica by Application:

• Pyrogenic Silica by Paints
• Pyrogenic Silica by Adhesives
• Pyrogenic Silica by Coatings
• Pyrogenic Silica by Plastic
• Pyrogenic Silica by Toner
• Pyrogenic Silica by Cosmetics
• Pyrogenic Silica by Food Additives
• Pyrogenic Silica by Other

Pyrogenic Silica by Region:

• North America Pyrogenic Silica Market
• Latin America Pyrogenic Silica Market
• Europe Pyrogenic Silica Market
• Asia Pacific Pyrogenic Silica Market
• Middle East & Africa Pyrogenic Silica Market

More Insights into Pyrogenic Silica Market Report

In its latest report, FMI offers an unbiased analysis of the global pyrogenic silica market, providing historical data from 2016 to 2021 and forecast statistics for 2022 to 2032.

To understand the global market potential, growth, and scope, the market is segmented on the basis of type (pyrogenic silica by hydrophilic fumed silica, pyrogenic silica by hydrophobic fumed silica), application (pyrogenic silica by paints, pyrogenic silica by adhesives, pyrogenic silica by coatings, pyrogenic silica by plastic, pyrogenic silica by toner, pyrogenic silica by cosmetics, pyrogenic silica by food additives, pyrogenic silica by other), and region.

According to the latest FMI reports, based on segmentation, the hydrophilic pyrogenic silica segment is anticipated to dominate the market. Owing to its excellent insulating properties at high temperatures, the segment will hold about 55% of the overall market share.

Based on region, the pyrogenic silica market in North America is projected to exhibit substantial market growth due to advancing demand from the pharmaceutical, personal care, and beauty industries. The target market in this region will hold about 23.8% of the market share by the end of 2022. Similarly, Europe’s pyrogenic silica market, too, will expand at a steady rate over the forecast period.

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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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The global fiber cement market is expected to reach a value of US$ 26,970.3 Million in 2032, with the market growing at an average CAGR of 4.7% during the forecast period of 2022 to 2032. In 2022, the fiber cement market is likely to reach an estimated US$ 17,038 Million; pushed to grow by the escalating need to control carbon emissions from the construction and building sector.

Owing to its distinctive physical characteristics like durability and high strength, fiber cement is one of the most popular and essential composite materials. It is used in the manufacture of facade and roofing goods. A vital part of building and construction materials industry, fiber cement gains large-scale usage in both interior and exterior applications like siding, cladding, and roofing, molding and trimming.

The material contains all the necessary physical and chemical qualities to endure the negative impact of weather, temperature, and humidity. In addition to this, fiber cement has superior performance and other advantages over traditional cement such as low maintenance, resistance to warping, sagging and fireproof capabilities. All of these factors promote a positive environment of growth for the fiber cement market during the projected period.

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Because of such unique and beneficial properties, many players in the construction and building industry are more and more inclined to use fibre cement over traditional building & construction materials such as wood and vinyl. This will further stimulate the target market and generate greater sales opportunities for partakers in the international fiber cement market.

“The growing need to limit carbon footprints coupled with heightened demand from the construction sector is expected to bolster the market growth of the fiber cement industry over the forecast period,” says an FMI analyst.  

Key Takeaways:

• Rising popularity and easy availability of cost-effective asbestos-based products may hamper the market growth.
• In 2022, North America is expected to account for 14.5% of the overall market share.
• Europe will likely acquire 19.6% of the total market share by the end of 2022.
• Driven by expanding construction sector, Asia Pacific to account for 12% of the market share.
• By application, the siding sector is expected to register high demand.
• In terms of raw material, portland cement is predicted to dominate the market.

Competitive Landscape 

Dow Chemical Company, Hardie (James) Industries plc, Imerys SA, Elementia SA de CV, Building Materials Corporation of America, PPG Industries Incorporated, Akzo Nobel NV, Canfor Corporation, Ecolab Incorporated, Central Fiber LLC, Mercer International Incorporated and US Silica Holdings Incorporated., among others are some of the major players in the fiber cement market that are profiled in the full version of the report.

Leading market players are concentrating on expanding their business by deploying strategic mergers and acquisitions. These enterprises are engaging in agreements, collaborations and partnerships to expand their product portfolios.

More Insights into Fiber Cement Market Report

In its latest report, FMI offers an unbiased analysis of the global fiber cement market, providing historical data from 2016 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of raw material (silica, portland cement, cellulosic fiber, others), end user (residential, non-residential), application (cladding, siding, backer boards, molding and trimming, roofing, wall partitions, others), and region.

According to the latest FMI reports, based on region, the fiber cement market in North America is predicted to thrive during the forecast period. In 2022, the region is expected to account for 14.5% of the overall market share. The growing residential construction projects such as new house constructions, single-family dwellings, and others are propelling the market growth in this region.

The fiber cement market in Europe is expected to acquire 19.6% of the market share in 2022 and is likely to continue its growth over the forecast period. The construction industry in major European countries, especially Germany is responsible for the regional growth of the fiber cement industry. Apart from North America and Europe, Asia Pacific is also expected to undergo tremendous growth during the forecast period, holding about 12% of the market share. The expanding construction and building sector in countries like India and China are accountable for this growth.

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Key Segments Profiled in the Fiber Cement Industry Survey

Fiber Cement Market by Raw Materials:

• Silica
• Portland Cement
• Cellulosic Fiber
• Others

Fiber Cement Market by End User:

• Residential
• Non-Residential

Fiber Cement Market by Application:

• Cladding
• Siding
• Backer Boards
• Molding and Trimming
• Roofing
• Wall Partitions

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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The global dimethyl disulphide (DMDS) market size is expected to register stable growth throughout the assessment period by registering a CAGR of 4.2% from 2022 to 2032. The global market was valued at US$ 218.6 Million in 2022 and is expected to reach US$ 329.9 Million in 2032 and exhibit immense growth over the forecast period. The growth of the market is attributed to the growing utilization of dimethyl disulphide as a major flavoring agent in various food products.

The adoption of dimethyl disulphide (DMDS) is anticipated to propel owing to its low risk of premature cooking by its by-products. Besides being a highly inflammable product, dimethyl disulphide might be toxic to aquatic fauna, which is expected to decline its demand and the global dimethyl disulphide (DMDS) market growth. Furthermore, the adoption of dimethyl disulphide (DMDS) is anticipated to rise as it is a good alternative to methyl bromide in chemical industries.

The amount of chemical needed to apply is less as compared to the application rates of other film types, as well as increasing retention of DMDS is possible primarily through the application of TIF. Furthermore, the global population is expected to increase by approximately 2.3 billion people between 2020 and 2050. Such a massive population needs to be fed, therefore, surging the requirement for dimethyl disulphide in food products according to the Food & Agricultural Organization (FAO) of the UN.

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Key Takeaways

• The compound comprises a large potential customer base owing to the vast range of businesses it serves. Furthermore, an increase in disposable income from a rising urban labor force is some of the major factors forecasted to feed a populace that values and wants high-quality food.
• Demand for dimethyl disulphide (DMDS) is projected to increase because of the reasons because it is employed as a primary flavoring agent in numerous culinary products. Moreover, the population is likely to drive more demand for pesticides.
• The UN’s Food and Agricultural Organization (FAO) estimates that the global population is expected to rise by almost 2.3 billion between 2020 and 2050. Although this is a much more modest increase in population growth than that experienced over the preceding 40 years, it still represents a 30% rise in the number of mouths to feed. The aforementioned factors will drive the demand for dimethyl disulphide (DMDS).
• The compound’s special qualities make them useful within the oil refining industry and this is anticipated to bolster the demand over the assessment period. Furthermore, the petrochemical sector makes use of dimethyl disulphide (DMDS) as a fuel additive and an extraction solvent. The global dimethyl disulphide (DMDS) market is likely to benefit from this, too, as sales increase during the foreseen time frame.
• Consumers ought to be careful while utilizing dimethyl disulphide in certain sectors, and it must be stored away from potential ignition sources. This is attributed to its highly flammable nature because of its low flash point which can cause a negative impact.
• DMDS might comprise a slightly unpleasant odor. In addition to that, it might also require purging and release undesired Sox emissions if not handled properly, as it generates methane during the sulfiding operation.
• The regulation on the applications of dimethyl disulphide (DMDS) concentrations in new-make grain nature in the Scotch Whiskey industry is anticipated to create numerous opportunities for dimethyl disulphide (DMDS).
• Key players in the industry are adding this significant flavor congener. Moreover, mergers and acquisitions to expand the application of organic compounds may create lucrative options for manufacturers to propel the future dimethyl disulphide (DMDS) market growth.

Competitive Landscape

The global dimethyl disulphide (DMDS) market is witnessing remarkable competition owing to the presence of numerous proactive players, which is why it is fragmented.

Prominent players in the global dimethyl disulphide (DMDS) market are focusing on keeping the production of high-purity dimethyl disulphide by constructing multiple production sites, together with bulk storage facilities and distribution.

Start-up companies, on the other hand, are trying to expand the applications of dimethyl disulphide. The global dimethyl disulphide (DMDS) market is set to witness significant growth in the coming years since the product is a useful commodity for various industries, such as food and beverages, petrochemicals, and chemicals, all of which are primarily consumer dependent.

Arkema Inc., Chevron Phillips Chemical Company, Sigma-Aldrich Co. LLC, IRO GROUP INC., Affon Chemical Co. Ltd., Uniwin Chemical, Langfang Jinshenghui, Erdos Flourishing Fine Chemical Co. Ltd., Alkyl Amines Chemicals Ltd., etc.

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More Insights into the Dimethyl Disulphide (DMDS) Market

North America is anticipated to dominate the global market as it currently holds the largest share with a total revenue of 25.4%. The growth of the region is attributed to various factors such as strong demand for hydrocracking agents and food additives.

Key Segments Profiled in the Dimethyl Disulphide (DMDS) Market Survey

By End User:

• Petrochemical
• Pesticides & Fertilizers
• Oil & Gas
• Chemicals
• Food & Beverages

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:

Future Market Insights Inc.
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The global environmental remediation technology market was worth US$ 739.42 Billion in the year 2022 and is expected to reach US$ 1362.15 Billion by the year 2032 at a CAGR of 6.3% between 2022 and 2032.

Environmental remediation could be referred to as restoring environmental media like groundwater, soil, surface water, or sediments polluted by the pollutants and proving to be dubious to biological life.

It has been observed that environmental remediation initiatives all through are an outcome of governments’ interventions and rules; and are looked upon as a long-term, full-fledged solution for getting away with toxins from groundwater and soil.

Solid waste, and aerosols, or any kind of oil spill are cleaned through environmental remediation procedures.

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The mining chemicals do impact soil, thereby necessitating employing remedial treatments. As oil & gas and mining companies contribute for contamination of groundwater worldwide, the governments do mandate them to have operations using remediation technologies.

Future Market Insights has entailed these facts with insights in its latest market study entitled ‘Environmental Remediation Technology Market’. It has its team of analysts and consultants deploying a macro- and micro-oriented approach in primary, secondary, and tertiary modes of research.

“With need to eliminate toxins from media like groundwater and soil, the global environmental remediation technology market is expected to grow well in the forecast period”, says an analyst from Future Market Insights.

Key Takeaways from Environmental Remediation Technology market

• North America holds the largest market share due to the US and Canada being subject to presence of environmental protection agencies in this area.
• Europe holds the second-largest market share on the back of Germany and the status quo is expected to remain unchanged even in the forecast period.
• The Asia-Pacific is expected to witness growth at a rapid pace in the environmental remediation technology market going forward with growing consumption of oil and gas with government policies being implemented for environment preservation.

Competitive Technology

• Tarmac, in August 2022, did install hordes of solar PV (photovoltaic) panels at Birmingham Asphalt Plant located at Washwood Health with the objective of attaining net zero ambitions as a leading sustainable building materials and construction solutions company all across the UK.
• ENTACT team, in August 2022, did attend the 12^th International Conference on Remediation of Chlorinated and Recalcitrant Compounds held at Palm Springs (California) between May 22 and 26, 2022. ENTACT Project Director named ‘Mark Fleri’ did give a poster presentation regarding regulatory overview, design, and the implementation of Zone A drum removal at Pasco Sanitary Landfill NPL Site.
• Skeleton Technologies is known for creating ultra-capacitors with notable power density and energy. Ultra-capacitors, better known as supercapacitors, are capable of holding a noteworthy quantity of electrical charge. The end-use verticals include trains, buses, and automobiles.
• Bakeys does make edible cutlery, which could prove to be a good alternative to single-use plastic. The components of Bakeys cutlery include flours of millet, wheat, rice, and sorghum. Chopsticks, forks, and spoons are made out of these.
• Cirrus Shower makes use of CloudMaker technology for transforming shower into pressurised mist. This type of dispatch, in comparison with conventional shower stream, does save between 45-75% of water.
• The DEME Group, along with Mourik, invested US$ 7.8 Million in soil recycling centers for PFAS (Polyfluoalkyl Substances) containing soil in March 2022.
• AECOM, in March 2021, came up with its very first large-scale field demonstration of DE-FLUORO, the first economically and environmentally sustainable treatment technology eliminating PFAS from contaminated liquids without generation of hazardous waste.

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What does the Report state?

• The research study is based on technology type (thermal desorption, excavation or dredging, SEAR (Surfactant Enhanced Aquifer Remediation), pump and treat, solidification and stabilization, in situ oxidation, soil vapour extraction, bioremediation, and non-remediation), and by application (oil and gas, mining and forestry, waste disposal sites, agriculture, automotive, and likewise).
• With governments mandating removal of toxins from media like groundwater and soil, the global environmental remediation technology market is slated to grow on an unstoppable note in the near future.

Key Segments Profiled In The Environmental Remediation Technology Industry Survey

Environmental Remediation Technology Market by Technology Type:

• Thermal Desorption
• Excavation or Dredging
• Surfactant Enhanced Aquifer Remediation (SEAR)
• Pump and Treat
• Solidification and Stabilization
• In Situ Oxidation
• Soil Vapor Extraction
• Bioremediation
• Nonoremediation

Environmental Remediation Technology Market by Application:

• Oil and Gas
• Mining and Forestry
• Waste Disposal Sites
• Agriculture
• Automotive
• Others

About Future Market Insights (FMI)

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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T: +1-845-579-5705
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Basically, skincare devices is expected to witness a market value of US$ 23.8 Billion in 2023 and is expected to accumulate a market value of US$ 101.5 Billion by registering a CAGR of 15.6% in the forecast period 2023 to 2033. The Skincare Devices market registered a CAGR of 10.9% in the historical period 2017 to 2022.

The prevalence of “self care” or the need to look good always has grabbed the attention of beauty industry. An anti-ageing obsessed world it is and hence, witnesses a constant demand for products with a promise to combat all beauty issues.

Similarly, a bunch of skin issues like acne, puffy eyes, dark circles and dark spots are a major concern to the women across the globe. More than anti-ageing and appearance; the millennial care about their skin’s health. Skincare devices are a prime choice to all beauty concerns, a fact reflected in the massive demand for skincare devices. Skincare devices base their foundation over modern technologies and treatment concepts.

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The cosmetic industry demonstrates highly advanced requirements; faster results and more efficient methods are desired. Treatments with skincare devices go beyond the conventional solutions, be it stimulating deep lying muscles, activating metabolic processes, increasing collagen production, removing dirt particles and dead skin cells mechanically, or being able to bring active ingredients deeper into the skin.

The popularization of in-office skincare treatments ranging from laser hair removal to the vampire facial, have all resulted in the creation of more at-home devices for women who want salon-like effect in their own home’s comfort. An at-home alternative to procedures done in a spa or a dermatologist’s office, these skincare devices are helpful in saving time and money by not compromising on the effectiveness, not to mention the convenience they offer.

Trends for Skincare Devices Market

Consumers prefer customization, and the devices that blend on-demand skincare formulas prioritize customization. The skincare arena is fast-evolving and the next generation of skincare technology amalgamates on-demand formulas with customer-specific personalization.

In-store or at-home, the skincare devices implement technology to determine the skincare requisites of consumers. North American skincare devices market is quite diverse and consumers attempt to understand the impacts of the various ingredients and innovations that continuously show up in the industry. The consumers are increasingly opting for brands that focus on their singular needs through customization.

Men and women are equally gaining consciousness over skin health, welcoming diagnostic as well as therapeutic skincare devices. The AI skincare assistant LUMINI from Lululab, scans and analyzes the user’s skin condition within 10 seconds of time. It consequently recommends the user about the most suitable cosmetic products, while quantifying skin condition based on six criteria, including wrinkles, pores, skin trouble, and melasma.

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Opportunities for Skincare Devices Market

Consumers’ skincare device to help them look ever young: anti-ageing wearable. Skincare wearable technology is a massive opportunity or the global skincare devices market to bloom. Companies have identified UV or sun exposure to being prime factors for skin damage, in at least 80% of cases.

Keeping a tab on UV exposure could be fruitful in combating skin issues like ageing and hyper pigmentation. L’Oreal’s My UV Patch is an advanced and accurate sun exposure tracker and anti-ageing wearable. It however, requires to be clicked and uploaded it onto a mobile app to know the level of personal UV exposure, which is presently not the most usability-friendly approach.

Companies are focusing on providing more user compatible solutions and that might boost the global skincare devices market. French startup Feeligreen produces a skin-like patch, DermoPatch, with potential anti-ageing benefits. DermoPatch uses microcurrent technology to actively treat the signs of ageing, and diffuse topical medication and beauty products into the skin.

Challenges for Skincare Devices Market

Interestingly, a couple of devices have been warned again for some without supervision of any kind; this being a challenge with at-home skincare devices and hampering the fast-doubling skincare devices market. For instance, blackhead “pore vacuum” tools can cause inflammation and hyper pigmentation, more so in the darker skin tones.

Chemical peels and facial dermaplaning with the use of blunt eyebrow razors, are procedures generally done in medi-spas with a medical-grade razors. Such DIY treatments may cause irritation and skin sensitization. Since a lot of training goes into the technique involved in chemical peels and dermaplaning, these should be preferably done by professionals like doctors or estheticians.

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Global Skincare Devices Market: Key Players

Some of the key players operating in the global skincare devices market are

• Carol Cole Company Inc.(NuFace)
• DDK DRTV
• LLC (DermaFlash)
• Bausch Health Companies Inc.
• Syneron Medical Ltd.
• Lumenis Ltd.
• FOREO.

The major strategy adopted by the players in the global skincare devices market is research & development and product innovation. The rising mergers & acquisitions and partnerships among companies illustrate the growing stature of the market.

An example of which is Shiseido’s new joint venture with Yaman Co, Effectim Co., established exclusively for skincare and beauty devices. Skin care devices like GloPro, a microneedle for puncturing tiny holes in the skin to stimulate collagen production and increase product absorption, and NuFace, a device that runs an electric current through the facial muscles to provide a lift and toning as well are witnessing triple-digit sales increase in the Covid-19 lockdown.

Skincare Devices Market: Regional Outlook

Global skincare devices market is dominated by North America and the increasing demand for skincare devices is owing to the rising preference for at-home skincare devices and the launch of new products within the industry.

Rising disposable income and increasing awareness among consumers in the developing regions are supposed to accelerate the skincare devices market. Though more types of brushes are trending in the US, France took lead with high interest in facial brushes.

Consumers are on the lookout for support from devices to assist in their beauty routine. The U.S. has its focus around brushing and scrubbing, while consumers in France and Japan are adopting devices that stimulate the skin with suction or massage.

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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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Future Market Insights Inc.
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During the projected period, the worldwide market is anticipated to be held steady by the home theatre systems market is likely to hold the global market at a moderate CAGR of 9.5% during the forecast period. The global market holds a forecasted revenue of US$ 9.7 Billion in 2022 and is likely to cross US$ 24.1 Billion by the end of 2032.

Over the years, the popularity of home theater systems has surged massively. Simply speaking, a home theater system is an entertainment setup comprising television and video equipment designed to reproduce the cinematic experience of movie theaters with the four walls of one’s home.

Home theater systems have massively upgraded entertainment experiences. As technological advancements penetrate various industries, the home theater market itself has seen a plethora of sophisticated product launches, particularly wireless audio streaming devices such as Echo and Alexa, to enhance acoustic experiences of potential end-users.

Nowadays, audio systems equipped with Bluetooth and Wi-Fi connectivity are finding growing acceptance across continents.This waxing popularity of home theater systems stems from the fact that consumers are unwilling to expend their income on exorbitantly priced movie tickets.

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The cumulative expenditure incurred on purchasing a movie ticket in any given year outpaces a one-time investment in proper home theater systems. Therefore, sales of these gadgets are only expected to move northwards in the coming decade.

Since a long time, the market has been experiencing immense proliferation of acoustic and electronics manufacturers in the wake of this increased uptake.

New products are being doled out into the market in order to acquire a firm footing in the immensely competitive landscape. All these trends point towards an almost double-digit growth trajectory in the aforementioned forecast period.

Global Home Theater Systems Market- Competitive Landscape

Prominent players in the home theater systems market include, but are not limited to, Sony Corporation, Koninklijke Philips, LG Corporation, Samsung Electronics Co. Ltd., Bose Corporation, Toshica Corporation, Yamaha Corporation, Bowers & Wilkins, Bang & Olufsen A/S, Sound United, VOXX International Corporation and Sonos, Inc. to name a few.

Partnerships, collaborations & agreements, product launches and mergers and acquisitions constitute some primary expansion strategies of the abovementioned market players.

In July 2019, Samsung Electronics introduced its new home theater system in order to expand its audio components portfolio. Likewise, Sony Corporation launched its HT-X8500 Soundbar, the Dolby Atmos/DTS: X Single Soundbar and HT-S350 Soundbar that same year. Bose also doled out its Home Speaker 300 series.

With respect to collaborations, in 2019, Sonos partnered with IKEA to develop smart speakers and audio systems while Samsung collaborated with Harman to initiate a new soundbar product line.

Deepening Penetration of Industry 4.0 is compelling Consumers to Invest in Sophisticated Home Theater Systems

It is said that the 21st century is the age of technological revolution. Various advancements in the information & communication technology domain such as artificial intelligence and the internet of things have prompted developments in the electronics segment.

Internet connectivity has become an indispensable part of our lives, with over 90% of the time being spent on watching movies.Many consumers claim that watching their favorite movies or shows on their laptops or tablets are a far cry from the environment stimulated by home theater systems.

As a result, they are willing to pay premium prices for these products. Manufacturers are incorporating advancements such as Surround Sound, 4K and 8K picture quality and 3D-audio are being highly incorporated to stimulate the market forward.

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Home Theater in a Box (HTIB) Systems to Continue Enjoying High Popularity, Sound Bars to Emerge as the Fastest Growing Segment

High preference for surround sound speakers, amplifiers, remote control, radio tuning and Blu-ray/CD/DVD players is sustaining the demand for home theater in a box systems since several years. As of 2018, the segment captured over 65% of the total market share.

These systems are available in a variety of ranges, from 2.1 to 9.1 channels.The aforementioned components are usually very compact, allowing users to save space. The usage of HTIB systems is being complimented by surging sales of large-sized televisions with excellent screen resolution and projection capabilities, with a view to enhancing movie theater experience within the comforts of one’s home setting.

More recently, sound bars have been acquiring significant ground as they are equipped with multiple speakers, generating a stereo effect. As it is equipped with wireless technology, its installation is comparatively easier than HTIB. Sound bars generally require only one cable to be connected with the television.

Additionally, its lower cost is compelling buyers to purchase sound bars.

Asia-Pacific to Generate Green Spaces for the Expansion of Home Theater Systems Market

Rapid population explosion, increasing urbanization and burgeoning economic development have all contributed to the emergence of the Asia-Pacific region as a flourish home theater market in recent years. As more people migrate to cities in search of economic opportunities, their income levels have risen, allowing them to afford such expensive equipment.

Most of the demand is being generated from the Indian, Thai, Malaysian, Chinese, Indonesian and Filipino markets, attributed to the presence of a large cohort of middle and high income consumers. Also, high internet and smart technology penetration is stimulating demand for wireless systems, compelling manufacturers to introduce smart products.

North America will continue dominating the global home theater systems market, with increased demand for high-quality audio and sound systems in the U.S and Canadian markets respectively. Over 2/5th of the total U.S households have invested in home theater systems, prompting manufacturers to increase their presence within the region.

Increasing Demand for Entertainment Streaming During Lockdown Periods to Stimulate Home Theater Systems Demand amid COVID-19

As the world has entered a massive shutdown due to the coronavirus pandemic, the demand for entertainment streaming has increased multifold in the past few months. According to surveys, 18% of the millennial population admitted to increase spending on entertainment platforms since the pandemic’s outbreak in the U.S.

It is expected that by 2027, the home theater systems market will reach a valuation of US$ 13.6 billion. With the pandemic showing no signs of abating, governments have been forced to extend lockdown periods. Consequently, schools and other educational institutions are still shut, leaving students with lots of free time.

It is, therefore, expected that they will tend to spend that time watching movies or television shows, thus bolstering usage of home theater systems. In this scenario, online sales of home theater systems have drastically increased, as households who previously did not own them are now compelled to purchase the same.

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Home Theater Systems Market- Company Profile

• Sony Corporation
• Koninklijke Philips
• LG Corporation
• Samsung Electronics Co. Ltd.
• Bose Corporation
• Toshica Corporation
• Yamaha Corporation
• Bowers & Wilkins
• Bang & Olufsen A/S
• Sound United
• VOXX International Corporation
• Sonos, Inc.

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The global bath rugs & mats market is expected to register a staggering double-digit CAGR of 6% by garnering a market value of US$ 5,682 Million

The report provides in-depth insights on the Bath Rugs & Mats market through a detailed analysis of key growth drivers, restraints, trends, challenges, and revenue growth based on historical data. Valuable information and forecast statistics covered in the Bath Rugs & Mats market report will help existing and potential new market players to craft long-term strategies as well as maintain business continuity during a crisis.

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COVID-19 Impact Analysis

As with many industries, the recent outbreak of the COVID-19 has adversely affected the global automotive & transportation industry. The Bath Rugs & Mats market is no exception. Following government’s measures, particularly social distancing norms and shelter-in-place orders, companies active in the Bath Rugs & Mats market have put their production on a halt. Additionally, movement restrictions have created a logistical nightmare for market players, while the lack of ‘essential’ status caused a decline in sales.

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Bath Rugs & Mats Market: Segmentation

To analyze the Bath Rugs & Mats market effectively and efficiently, the information has been segregated into key segments and sub-segments.

By Product Type

• Chenille
• Nylon
• Polyester
• Cotton
• Bamboo

By End-User

• Hotels
• Salons
• Households
• Other

Bath Rugs & Mats Market: Competition Analysis

The FMI’s study presents an extensive analysis of global, regional, and country-level players operating in the Bath Rugs & Mats market based on their innovative launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Bath Rugs & Mats market report.

Key players covered in the report include:

Welspun, Clara Clark, Mateo, Qiqi Textile, Stainmaster, Townhouse Rugs, Interdesign, Chesapeake, Toftbo, Epica, Utopia Towels, Creative Bath and Trident Group.

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Crucial Questions Answered in the Report

• Which end-use industry remains the top consumer of Bath Rugs & Mats in different regional markets?
• At what rate has the global Bath Rugs & Mats market been expanding during the forecast period?
• How will the global Bath Rugs & Mats market look like by the end of the forecast period?
• What innovative technologies are the Bath Rugs & Mats market players adopting to stay ahead of the pack?
• What are the restraints affecting the growth of the global Bath Rugs & Mats market?

Key Offerings of the Report

• Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
• Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
• Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
• Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
• Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Bath Rugs & Mats market.

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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
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com