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The FMI report also tracks the synthetic camphor market for the forecast period 2018 to 2028. According to the report, volume sales of synthetic camphor is likely to register 5.9% CAGR through 2028.

According to the latest Future Market Insights (FMI) report, the volume sales of synthetic camphor are likely to exceed 36 thousand tons in 2019. Pharmaceutical industry has been a leading end-user of synthetic camphor, upheld by ongoing research activities on extending application scope of synthetic camphor in medicinal formulations.

Pharma-grade synthetic camphor is extensively used in various topical analgesic products such as ointments, oils, gels, and chest-rubs. These pharma-grade synthetic camphor for topical pain management products are witnessing significant demand owing to consumer preference for self-medication, undergird by enhanced and easy accessibility of OTC products. According to the report, pharma-grade synthetic camphor is projected to account for more than 50% volume share in 2019 in the synthetic camphor market.

Pharma-grade synthetic camphor sales are also significantly driven by growing demand for private-labelled camphorated medical products. For example, private labelled analgesic products have gained increased popularity in the US, as they are devoid of FDA approval, and witness strong promotion from retailer businesses.

A key factor restricting adoption is regulations on the use of synthetic camphor in pharmaceutical products, such as the US FDA’s classification of certain camphorated oil products would require patients to hold doctor’s prescription for consumption. Moreover, rising costs of raw materials such as turpentine oil is emerging as a key concern for manufacturers producing pharma-grade synthetic camphor.

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Gains Remain Strong from Synthetic Camphor Sales in Plasticizer Production

Synthetic camphor continues to witness robust adoption in plasticizer production, which prevails as a critical component for paint and coating formulations. Additionally, demand for plasticizers in PVC and cellulose fiber production, has significantly underpinned sales of synthetic camphor. The study estimates sales of synthetic camphor in plasticizer production to surpass 13 thousand tons in 2019.

Rise in the construction sector, along with increasing demand for renovation and maintenance of existing structures, continues to drive demand for plasticizers in flooring and wall covering applications. Additionally, remarkable demand for plasticizers in flexible Polyvinyl Chloride (PVC) manufacturing, and to soften plastics used in wall covering and flooring, will remain a key sales determinant of synthetic camphor.

East Asia to Hold Pole Position in Synthetic Camphor Market

According to the FMI report, East Asia is likely to remain lucrative in the synthetic camphor market. In East Asia, China is expected to account for the highest sales of synthetic camphor, surpassing 12 thousand tons in 2019. Owing to the presence of a large number of pharma-grade synthetic camphor manufacturers in China, the country is witnessing the growing demand for synthetic camphor.

Growing overseas demand for synthetic camphor and significant growth in Chinese gum turpentine industry are the key factors influencing the market growth in the country. Additionally, with the development of Chinese gum turpentine derivatives such as synthetic camphor and synthetic borneol, overseas companies are eyeing use of these derivatives over gum turpentine.

Majority of the pharma-grade synthetic camphor manufacturers are concentrated in China and India, exporting their products to Europe and the US. Due to the availability of raw materials and synthetic camphor on a large scale in China and India, global manufacturers of camphor and other related chemical are focusing on expanding their businesses in East Asia.

Key Players

Some of the players reported in this study include Fujian Qingsong Co. Ltd., Mangalam Organics Limited, Suzhou Youhe Science and Technology Co., Ltd., Saptagir Camphor Limited, Oriental Aromatics Limited, Wuzhou Huangpu Chemical Pharmaceutical Co, Ltd., Kanchi Karpooram Limited, Taiwan Tekho Camphor Co., Ltd., Caesar & Loretz GmbH, Merck KGaA, Recochem Inc., Xiamen Hisunny Chemical Co., Ltd, SkyRun  Industrial Co., Ltd, Shanghai Huayi Group Huayuan Chemical Co., Ltd., Fengchen Group Co., Ltd, Aldon Corporation, Prinova LLC, Teloonchem International Co., Limited, among others.

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Synthetic camphor Market: Segmentation

Grade

• Technical Grade Synthetic Camphor
• Pharma Grade Synthetic Camphor

Application

• Pharmaceuticals
• Personal Care
• Plasticizer
• Flavour & Fragrance
• Others

Region

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

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Technology Roadmap

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Taxonomy

2.2. Market Definition

3. Market Overview

3.1. Macroeconomic Factors

3.2. Market Dynamics

3.3. Porter’s Five Forces Analysis

3.4. Value Chain Analysis

3.5. Key Regulations

3.6. Manufacturing Process Overview

3.7. Cost Structure Analysis

4. Forecast Factors: Relevance and Impact 5. Global Synthetic Camphor Market Demand Analysis 2013-2017 and Forecast, 2018-2028

About FMI

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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A recent intelligence released by Future Market Insights evaluates the current and prospective outlook of the performance of global car wash detergents and soaps landscape. In the report, FMI forecasts over 5% yearly growth in sales of car wash detergents and soaps. Accounting for more than 35% of the total consumption of car wash detergents and soaps, presoaks remain the most favored choice of car owners. Moreover, as indicated by the key insights drawn from research, domestic players remain the major shareholders in global landscape of car wash detergents and soaps, according to the study.

Noteworthy increase in the fleet size and a consistently swelling vehicle parc point to the surging need for high quality car wash detergents and soaps. Looking at the considerably soaring per capita expenditure on car care and servicing, it is more likely that car care products such as car wash detergents and soaps would witness impressive demand over the course of next few years. Recent innovations such as bio-based car wash detergents and soaps has been creating an impactful trend shaping product innovation strategies of manufacturers of car wash detergents and soaps.

Convenient application and relatively affordable price point continue to influence sales potential of liquid car wash detergents and soaps, whereas the report projects strong demand growth for foam based car wash detergents and soaps that deliver a superior quality finish to cars post wash, in the near future. On the flipside, despite associated with a high price point, car wash detergents and soaps in gel form are poised to experience steadily growing sales attributed to their enduring post wash effect on cars.

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A majority of North American consumers prefers professional car wash services. European regulations on the other side prohibit consumers from in-house car washing, in the backdrop of increasing concerns regarding inadequate water availability. While this underscores the strong impact of factors encouraging sales of car wash detergents and soaps in North America and Europe, the report also positions developing economies to emerge more lucrative for investors in coming years. Analysis of emerging regions indicates the significantly growing inclination of consumers to purchase cars, and spend more in car care and maintenance. A visible shift to luxury cars, subsequently directing a paradigm shift from DIY car wash to professional car wash services, is cited as an important trend diving consumption of car wash detergents and soaps in developing economies across Asia Pacific, Latin America, and Middle East & Africa.

On the other side, expanding online availability of a wide range of car wash detergents, soaps, and other car cleaning products will reportedly continue to lure car owners who still prefer in-house car cleaning. The flourishing automotive aftermarket is also projected to remain one of the key boosters for expansion of car wash detergents and soaps market in developing regions. 3M Company, Kao Corporation, Turtle Wax Inc., and Spectrum Brands Holdings Inc. constitute some of the prominent companies operating in the global car wash detergents and soaps market. Besides the aforementioned brands, the report covers a few other established players active in the car care and car wash space, emphasizing exclusive insights on their financial and strategic developmental profiles.

While the market structure analysis reveals that up to 35% revenue share in the global market belongs to leading companies, a major portion of the market value is accounted by a large number of domestic players that are strategizing on product innovation and competitive pricing. Novel formulations based on natural raw materials such as vegetable oils and naturally sourced solvents will reportedly continue to capture R&D interests of manufacturers. Established brands continue to invest in strategic acquisitions and collaborations involving regional leaders, says research. Long-term contractual partnerships with domestic/regional players are likely to assure sustained demand in the long run, for global leaders investing efforts in specific regional market penetration.

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Market Segmentation

Product Type:

• Presoaks
• Foam Detergents
• Drying Agents
• Triple Foams
• Surface Protectants
• Wheel Cleaners
• Shampoo

Form:

• Liquid
• Gel
• Foam Based

By Sales:

• Department Stores
• Supermarkets & Hypermarkets
• Online Retailing
• Franchise Outlet
• Automotive Parts Outlet

Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• SEA & Pacific
• China
• Japan
• Middle East and Africa

Table of Content

1. Executive Summary

1.1. Market Overview

1.2. Supply Trends

1.3. Demand Trends

1.4. Product Life Cycle

2. Market Introduction

2.1. Market Definition

2.2. Market Taxonomy

2.3. What does market participants say?

2.4. Key Regulations

2.5. Patent Analysis

3. Car Wash Detergents and Soaps Market Background

3.1. Macro-Economic Factors

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Trends

3.2.4. Selection Criteria

3.3. Porter’s Five Forces Analysis

3.4. Value Chain Analysis

3.5. Forecast Factors – Relevance & Impact

4. Global Car Wash Detergents & Soaps Market Analysis and Forecast, 2018-2028

About FMI

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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The global mixed xylene market size is predicted to reach a valuation of US$ 52,674.9 million in 2023. The global market is expected to hit a valuation of US$ 94,332.7 million by 2033. It is likely to record a CAGR of 5.1% through 2033.

Consumption of mixed xylene is primarily driven by the expanding usage of this solvent in a variety of end-use industries. Increased investments in bio-based mixed xylene research and development are anticipated to support market growth. For greater performance, blended xylene is utilized to raise the fuel’s overall efficiency and octane value. As consumer concern for the environment rises, it is anticipated that the mixed xylene market in this country will be driven by rising spending on research and development of bio-based fuels. Market expansion is expected to be fueled by rising demand for mixed xylene used as a gasoline blending additive.

The market’s growth prospects are amplified by the expanding range of applications for solvents in end-use industries. The potential for market expansion is greatly influenced by the growing demand for PET manufacturing. Mixed xylene is in higher demand as a result of the rising demand for RTD beverages. The primary raw material utilized in the production of terephthalic acid, which is used to create the PET monomer bis (2-hydroxyethyl) terephthalate, is mixed xylene. As a result, there is a connection between the demand for PET bottles and mixed xylene.

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Across Asia Pacific, China is the world’s largest consumer of mixed xylene. Consumption of mixed xylene is anticipated to be significantly influenced by the growing use of this solvent in a variety of end-use sectors. Over the course of the projection period, increased manufacturing of polyester products such as polyethylene terephthalate (PET), films, and fibers in China is anticipated to have a significant impact on shipments of mixed xylene.

Key Takeaways:

• The global mixed xylene market expanded at a remarkable CAGR of 6.5% from 2017 to 2022.
• In 2017, the global market size stood at US$ 36,011.10 Million.
• The global mixed xylene market accounted for US$ 49,439.7 Million in 2022.
• Isomer grade mixed xylene currently accounts for more than 70% of the global mixed xylene market share.
• In 2022, the raw material mixed xylene application segment captured a staggering 83.4% market share.
• The chemicals segment captured 82.6% of the global mixed xylene market share in 2022.
• China mixed xylene market held 6.7% global market shares in 2022.
• The United States accounted for 16.3% of the global mixed xylene shipments in 2022.
• The market for mixed xylene in the United Kingdom held a 4.3% market share in 2022.

Key Players in mixed xylene market like Exxon Mobil Corporation, TOTAL S.A., GS Caltex Corporation, Idemitsu Kosan Co. Ltd., LOTTE Chemical CORPORATION, Royal Dutch Shell PLC, China National Petroleum Corporation, Chevron Phillips Chemical Company LLC, China Petroleum & Chemical Corporation, Flint Hills Resources LLC, YPF Sociedad Anonima, SK Global Chemical Co. Ltd. and others.

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Recent Developments Observed by Experts at FMI:

Agilyx and BioBTX collaborated to create circular aromatic compounds in April 2023. A commercial demonstration plant for the production of renewable aromatic compounds (toluene, benzene, and xylene) will benefit from the collaboration by strengthening BioBTX technology.

Market Segmentation:

By Grade:

• Isomer Grade Mixed Xylene
• Solvent Grade Mixed Xylene

By Application:

• Fuel Blending
• Solvents
• Thinners
• Raw Materials

By End-use:

• Mixed Xylene for Paints & Coatings
• Mixed Xylene for Pesticides
• Mixed Xylene for Chemicals
• Mixed Xylene for Gasoline
• Mixed Xylene for Printing
• Rubber & Leather

By Region:

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

About FMI

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

Contact Us:

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

Growing utilization in medical and consumer goods industry will create conducive environment for the growth of the market in the coming years.  The global isoprene rubber latex market is anticipated to expand at 8.1% CAGR over the forecast period between 2021 and 2031, finds Future Market Insights (FMI) in a recent analysis. Increasing demand of medical gloves and condoms will continue driving the isoprene rubber latex sales.

The global isoprene rubber latex market is expected to total US$ 732.5 Mn in 2021. Increasing application of isoprene rubber latex across consumer goods, industrial, and medical industries are estimated to fuel the demand in the market.

Isoprene rubber latex is gaining immense popularity as an alternative to natural rubber. It possesses superior properties such as high resilience, good processability, and easy vulcanization, among others. In response to this, the market is estimated to surpass US$ 1.6 Bn by the end of 2031.

Growing use of isoprene rubber latex in the production of medical supplies such as catheters, probe covers, needle shields, and medical adhesives is expected to drive the sales at 8.1% CAGR over the assessment period.

Governments of several countries are undertaking various initiatives to spread awareness regarding sexually transmitted diseases (STDs) and use of condoms. For instance, the Indian Government announced distributing nearly 180 million pieces of condoms to decline the risk of STD, under the National AIDS Control Programme in 2019.

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As condoms are made using isoprene rubber latex, adoption is expected to surge over the coming years. On account of this, the market is expected to register 10.1% year-on-year (YoY) growth in 2021.

In terms of application, the medical gloves segment is anticipated to outpace the other segments, expanding at 9.2% CAGR in 2021. Rise in demand from doctors, nurses, patients, and other professionals to decline the risk of getting infected during the COVID-19 times have increased the sales of medical gloves.

Key Takeaways:

• U.S. isoprene rubber latex market is projected to total US$ 99.4 Mn, exhibiting a YoY growth of 8.8% by the end of 2021.
• China is expected to account for the largest share in the East Asia market, exhibiting growth at a CAGR of 8.8% through 2031.
• Germany market is anticipated to account for nearly 14.3% of the share in Europe, expanding at 6% CAGR over the assessment period.
• Japan and South Korea are forecast to emerge as highly remunerative markets, collectively accounting for more than 6.1% of sales in 2021.
• Based on end use, the industrial sector is estimated to register the fastest growth in the market, expanding at a 7.5% CAGR between 2020 and 2021.

“Rising demand of medical gloves from healthcare industry and the increasing usage of adhesives in food, medical and industrial packaging will drive the market of isoprene rubber latex through the projected period from 2021 to 2031,” says a FMI analyst. 

Competitive Landscape 

Key market participants in the global isoprene rubber latex market elaborated in the report includes Top Glove Corporation Bhd, Zeon Corporation, PAO Sibur Holdings, Kraton Corporation, Ansell Limited, Supermax Corp. Bhd, Royal Dutch Shell Plc, Kossan Rubber Industries Bhd, JSR Corporation, Hartalega Holdings Berhad, Rubberex Corporation, Johnson Wilshire, Medline Industries, Inc., Dipped Products Plc, Protective Industrial Products, Inc., and many others.

Key players operating in the global isoprene rubber latex market are focusing on increasing their production capacities to strengthen their footprint especially in the emerging economies. Furthermore, key market participants are focusing on mergers, acquisitions and collaborations strategies to expand their global presence and strengthen their distribution network. For instance:

• In April 2018, Top Glove Corp Bhd acquired Aspion Sdn Bhd transforming the company into one of the world’s largest surgical glove maker and strengthening its position as the world’s largest glove manufacturer.

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Key Drivers

• Increasing government regulations to prevent STD and control unbridled population growth in China, India, the U.S., and Indonesia are driving the sales across the condom segment.
• Implementation of stringent regulation on increasing patient care across hospitals and clinics is encouraging physicians to use medical gloves, which is in turn, propelling the demand in the medical gloves segment.

Key Restraints

• High cost of isoprene rubber latex compared to natural rubber is hindering the sales in the market.
• Availability of alternatives such as butyl rubber, nitrile rubber, silicone rubber, and others is hampering the growth in the market.

More Insights into the Isoprene Rubber Latex Market Report 

In its latest report, FMI offers an unbiased analysis of the Global Isoprene Rubber Latex market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of application (medical gloves, condoms, medical balloons, catheters and adhesives.), end use (medical, consumer goods and industrial) across seven regions (North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa).

Isoprene Rubber Latex Market by Category

By Application:

• Medical Gloves
• Condoms
• Medical Balloons
• Catheters
• Adhesives

By End Use:

• Medical
• Consumer Goods
• Industrial

By Region:

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

About FMI

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

Contact Us:

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

The global Decorative Plastic and Paper Laminates market is expected to be worth US$ 66 billion by the end of 2018 and US$ 113 billion by the end of 2028. The market for Decorative Plastic and Paper Laminates is expected to grow at a 5.5% CAGR during the forecast period. Between 2018 and 2028, the global Decorative Plastic and Paper Laminates market is expected to generate an incremental potential worth US$ 46 billion.

Decorative laminates are laminated sheets composed of kraft papers and decorative printed papers that have been fused together using pressure and heat. They are the surface materials that are used to protect and enhance the appearance of engineered wood. Decorative plastic and paper laminates are commonly used in the manufacture of cabinets, countertops, floors, and furniture, among other things.

Key Insights at a Glance

• A third of the total market revenue is accounted by China, followed by Eastern Europe. FMI points to remarkable progress in sales of decorative plastic and paper laminates within BRICS countries.
• Soaring demand for decorative foils and papers in the commercial sector is prominently responsible for superiority of low pressure laminates over high pressure counterparts.
• As smaller players dominate the market, the strategic focus remains on product differentiation and cost competitive pricing. Reduced VOC emissions is another important factor dictating strategic moves of manufacturing SMEs.
• Key players in decorative plastic and paper laminates landscape are currently concentrating on channelizing their efforts towards strengthening the distribution network, in addition to establish a direct sales channel.

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Rapid Recovery of Residential Housing Sector Firms up the Base for Decorative Plastic & Paper Laminates Demand

Although commercial sector currently dominates in terms of demand for decorative plastic and paper laminates, residential housing sector is likely to take over soon. The residential construction realm has been witnessing strong signs of recovery over the past couple of years, which is playing a key driving force for the revenue growth of decorative plastic and paper laminates landscape.

Moreover, rapid growth of hospitality sector is providing a strong impetus to product innovation, thereby pushing the growth of leading bands dealing in decorative plastic and paper laminates landscape. Commercial construction is also significantly favoring the sales decorative plastic and paper laminates, as indicated by the report.

Manufacturers of decorative plastic and paper laminates are also capitalizing on opportunities presented by a growing number of remodeling and repainting projects.

Wooden Flooring Trends among Consumers, Following Furniture & Cabinets

“Furniture and cabinets account for over half the share of total market value, whereas flooring applications are likely to gradually take over,” says the analyst.

Shifting consumer preferences for laminate flooring in both residential and commercial sectors is creating a heap of investment opportunities for manufacturers of decorative plastic and paper laminates.

“Consumers today seek endurance, scratch resistance, and aesthetics while purchasing furniture for homes or workplaces. Such factors are provide the trigger for application specific innovations in decorative plastic and paper laminates,” the analyst explains further.

Spectacular growth prospects are identified for Asia, North America and some parts of Eastern Europe.

Mushrooming Popularity of RTA Furniture Favors Global Sales of Decorative Plastic & Paper Laminates

Constant design innovation, consistent focus on superior quality, and maximum convenience are collectively driving consumer appeal for ready-to-assemble (RTA) furniture, especially in developed markets of North America and Europe.

Manufacturers of both RTA furniture and decorative plastic and paper laminates are taking efforts to collaboratively unlock the opportunities – with an additional benefit of less susceptibility to damage during transit and shipping. Penetration of RTA furniture into developing economies is also gradually increasing owing to relatively lower price point and maintenance cost, thereby contributing to sales of decorative plastic and paper laminates.

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Digital Print Designs on Decorative Plastic and Paper Laminates Gather Considerable Momentum

Personalization has been trending across industries, and interior decoration is among the prominent ones. Customized digitally printed laminates are especially designed to cater to specific consumer demands regarding print design, pattern, and graphic.

Sheets of digital decorative plastic and paper laminates have high resolution images printed on them, and can be directly applied on furniture, doors, commercials, exhibition stands, and walls. Digital print laminates are creating a slew of opportunities for manufacturers in the decorative plastic and paper laminates landscape.

Decorative Plastic and Paper Laminates Market: Segmentation

By Type

• Low Pressure
• High Pressure
• Edge Banding

By Application

• Furniture and Cabinets
• Flooring
• Wall Paneling
• Doors
• Column Cladding

By End Use

• Residential
• Commercial
• Institutional

By Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• SEA
• India
• China
• Japan
• MEA

About FMI

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

Contact Us:

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

According to the report, the market is expected to flourish at a rising CAGR of 3.9% during forecast period. ESOMAR- certified firm Future Market Insight (FMI) has recently published a report on the global sodium bicarbonate market for the forecast period of 2021-2031.

There is substantial potential for high quality pharmaceutical and food grade sodium bicarbonate. Increasing demand from end-use industries such as chemical, pharmaceutical, and food & beverage market will create lucrative opportunities for the players.

Sodium bicarbonate’s properties and characteristics such as odour neutralizing, cleaning, grease cutting, and moderate abrasiveness makes it ideal for numerous end users. It has niche application in the production of fire extinguishers and animal feed, contributing more to the revenue.

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Key takeaways from FMI’s Sodium Bicarbonate Market Study

• The U.S. accounts for more than 80% of the North America market. The rising application in pharmaceutical and food & beverage industries will drive growth in the U.S.
• Powdered sodium bicarbonate accounts for 82% of the global sodium bicarbonate market. It is expected to dominate the market owing to its impressive physical properties. Due to its crystalline nature it finds application in industries such as pharmaceutical, chemical, food and beverage, and water treatment facilities.
• Technical grade sodium bicarbonate will account for 40% of the global market shares. This growth is largely attributable to it’s as application in leather processing, flue gas desulfurization, and chemical production.
• China is expected to be one of the dominant markets globally due to the presence of various end-use industries and manufacturers. It is expected to account for more than US$500 Mn by the end of forecast period.
• Germany accounts for around 21% of the Europe market owing to presence of key players and favourable environment for adoption.

“Demand for high quality and cost-efficient sodium bicarbonate is expected to rise around the world. In order to capitalize on existing opportunities, market players are likely to focus on various expansion strategies. Some of them are likely to focus on strategic collaborations to gain competitive edge,” says the FMI analyst

Who is Winning?

Key players in the market are focusing on generating profit by exploring potential applications. Players are expanding their geographical boundaries to expand consumer base.

• In March 2021, Solvay SA announced to divest its soda ash and derivatives business into a separate legal entity so that it can maximize cash flow generation and improve company’s strategic flexibility.
• In June 2020, Tata Chemicals announced its business reorganization under verticals of material science, energy science, agri science, and nutritional science to focus on lucrative chemistry and science segments.

Some of the leading players operating in the market are:

• Solvay SA
• Merck KGaA
• Nirma ltd.
• Tata Chemicals Ltd.
• GHCL Ltd.
• Ciech SA
• DCW Ltd.
• Seqens group
• Tosoh Corporation
• Hawkins, Inc.
• Vitro
• Church & Dwight Co., Inc.

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More Insight on the Global Sodium Bicarbonate Market

In the latest study, Future Market Insights gives a detailed insight on the sodium bicarbonate market, providing historical data for the period of 2016 to 2020 and forecast statistics for the period of 2021 to 2031. To understand the global sodium bicarbonate market potential, its growth, and scope, the market is segmented on the basis of various parameters:

By Grade Type

• Pharmaceutical Grade
• Technical Grade
• Food Grade
• Feed Grade

By Form

• Powder
• Pellets
• Slurry
• Liquid

By End Use

• Processed Food
• Pharmaceuticals
• Personal Care Products
• Chemicals
• Agrochemicals & Nutrients
• Detergent
• Fire Extinguisher
• Leather & Dyeing
• Others

Region

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

About FMI

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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FMI presents detailed analysis and delivers key insights on the global controlled and slow release fertilizers market in its latest report titled ‘Controlled and Slow Release Fertilizers Market Forecast, Trend Analysis & Competition Tracking – Global Review 2018 to 2028’. The long-term outlook on the global controlled and slow release fertilizers market is positive with the controlled and slow release fertilizers market pegged at a value of US$ 4,791 Mn in 2018.

It is expected to reach US$ 10,222.4 Mn by 2028 end, growing at a value CAGR of 9.1%. Among the segments by type, the encapsulated/coated controlled and slow release fertilizers segment is expected account for the lion’s share in terms of value and volume over the forecast period. The encapsulated/coated controlled and slow release fertilizers segment is expected to expand at a relatively higher CAGR.

Among regions, Asia Pacific excluding Japan (APEJ) is anticipated to retain its dominance throughout the forecast period while growing at a rate of 11.1% from 2018 to 2028. In this report, FMI throws light on the drivers and restraints likely to impact the controlled and slow release fertilizers market during this period.

Global Controlled and Slow Release Fertilizers Market Dynamics

Market insights suggest that the global controlled and slow release fertilizers market will witness high growth during the forecast period, which can be attributed to the growing population and decreasing agricultural land. Growing food consumption and increasing need for effective fertilizers are pushing the market for controlled and slow release fertilizers.

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The need for higher output with fewer resources is the driving the development of new technologies in the agricultural industry. With the use of conventional fertilizers, it is not possible to satisfy the growing demand for food. The use of slow and controlled release fertilizers improves the yield and saves labour.

New developments such as increase in the longevity and performance of coated fertilizers are pushing the market for controlled and slow release fertilizers in agricultural as well as commercial applications. The slow release of nutrients allows fertilizers to last longer and thereby increase fertilizer performance, which is driving the demand for controlled and slow release fertilizers.

Urea reaction products also accounted for a significant share of the controlled and slow release fertilizers market; however, the increasing popularity of encapsulated coated fertilizers is expected to dominate the urea reaction product segment during the forecast period. The superior longevity of encapsulated/coated products as compared to that of urea reaction products is expected to push the growth of the encapsulated/ coated segment during the forecast.

Global Controlled and Slow Release Fertilizers Market Segmentation Analysis

The controlled and slow release fertilizers market has been segmented on the basis of application into agricultural, commercial lawn and turf and others.

• On the basis of application, the agricultural segment is anticipated to dominate the controlled and slow release fertilizers market in terms of value and volume over the forecast period
• The agricultural segment is also projected to grow at a relatively higher CAGR over the forecast period. It is expected to represent a total incremental opportunity of US$ 3,863 Mn between 2018 and 2028 in the global controlled and slow release fertilizers market

Global Controlled and Slow Release Fertilizers Market Regional Forecast

Regionally, APEJ accounted for over 47% of the global controlled and slow release fertilizers market value while North America accounted for the second largest share in the controlled and slow release fertilizers market. APEJ is projected to be the fastest growing region with a CAGR of 11.5% during the forecast period.

Large population base and rapid population growth, improving economic conditions, change in eating habits and increasing food consumption are some of the important factors driving the demand for controlled and slow release fertilizers.

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Global Controlled and Slow Release Fertilizers Market Competition Landscape

The report highlights some of the top companies operating in the global controlled and slow release fertilizers market, including Kingenta Ecological Engineering Group Co. Ltd., Israel Chemicals Ltd (ICL), Yara International ASA, Agrium Inc., Haifa Chemicals Ltd., Koch Fertilizer LLC and Aglukon Spezialduenger GmbH & Co. KG., among others.

Controlled and Slow Release Fertilizers Market: Segmentation

Type

• Urea Reaction Products
• Encapsulated/ Coated

Application

• Agricultural
• Commercial Lawn and Turf
• Others

Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific Excl. Japan
• Middle East and Africa
• Japan

Table of Content

1. Executive Summary

1.1. Market Overview

1.2. Market Analysis

1.3. FMI Analysis and Recommendations

1.4. Wheel of Fortune

2. Market Introduction

2.1. Market Definition

2.2. Market Taxonomy

3. Controlled and Slow Release Fertilizers Market Background

3.1. Macro-Economic Factors

3.2. Opportunity Analysis

3.3. Global Economic Outlook

3.3.1. Global GDP by Region and Country

3.3.2. Global Industry Value Added

3.4. Market Dynamics

3.4.1. Drivers

3.4.2. Restraints

3.4.3. Trends

3.5. Value Chain Analysis

3.6. Forecast Factors – Relevance & Impact

4. Global Controlled and Slow Release Fertilizers Market Analysis 2013-2017 and Forecast 2018-2028

About 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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