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Acid Proof Lining Market Poised for 6.2% Growth: Capitalize on the Demand in Chemical Processing

The acid proof lining market is forecast to experience a growth of 6.2% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 6,747.17 million in 2023.

The acid proof lining industry is burgeoning owing to surging demand from multiple end-use industries, wherein walls, floors, and equipment are repeatedly exposed to harsh chemicals and acids. End users can cut costs and preserve the equipment for longer periods by deploying acid proof lining.

Acid proof lining is primarily used to protect the products from humiliation caused by oxidation, salt spray, moisture, and many chemical-based instances that can be harmful to metals and alloys.

Acid proof linings find application in food industries, thermal power stations, and pharmaceuticals. Apart from this, chemical reactors above 125° C also require this lining. Growth in the aforementioned end-user industries is expected to fuel the adoption of acid proof linings.

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Coating technology advancements are adding to the booming popularity of acid proof linings. Mounting investments in the oil and gas sector, including upstream and downstream petrochemical enterprises and refineries, is also expected to impact this industry positively.

The market expansion can also be credited to the quickly magnifying demand and low competitive pressure. Besides, end users of acid proof lining are showing an increased inclination toward waterborne technology, thus inciting manufacturers to boost their investments in popular and advanced technologies.

As per FMI’s study, Asian countries are expected to present tempting opportunities for manufacturers to expand their horizons. With construction activities already in full bloom and automotive observing speedy production, the market is anticipated to grow momentously.

Top Highlights from the FMI’s Analysis of the Acid Proof Lining Market:

North America is one of the noteworthy markets for acid proof lining. The surge in construction activities and increasing oil and gas exploration activities are bolstering market growth.
Australia has a relatively low market share in relation to other competitive markets. However, FMI has assessed that the market is forecast to present significant opportunities for manufacturers to broaden their market size.
Asia Pacific countries are projected to be noteworthy revenue generators for acid proof lining industry.
FMI anticipates that the Mexico market has been an underexploited market for acid proof lining. Manufacturers can dig into the reserves of the Mexican market to extract profit.
South Korea is also spotted as a potential market for acid proof lining. Manufacturers are expected to expand their geographical reach by extending their manufacturing facilities in different parts of the world.

How are Manufacturers Gaining Larger Share in the Market?

Manufacturers in the acid proof lining industry are strengthening their market position by acquisitions, launching new technologies, and research and development activities. Some of the latest information from the market report is as follows:

In May 2023, Avient established the first line of long-fiber-reinforced thermoplastics in Asia. The new portfolio was installed at the Asia regional headquarters of Avient in Shanghai.
In January 2019, Cromology, a leading player in the decorative paint sector, inked an exclusive distribution contract with Al Gurg Paints for their Viero brand to boost its presence in the United Arab Emirates market. Viero is a lime-based paint that offers designer texture finishes for exteriors and interiors.

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Top Key Players in the Global Acid Proof Lining Market

Sherwin-Williams Company
PPG Industries
BASF SE
Ashland Inc.
Axalta Coating Systems Ltd,
Hempel A/S
Jotun Group
Steuler-KCH GmbH
Polycorp Ltd
Koch Knight LLC

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 ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

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Christiana Corporate, 200 Continental Drive,
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Navigating Growth: Dunnage Tray Market Targets US$ 2.6 Billion by 2029 with 4.3% CAGR

The global dunnage tray market is poised for a steady climb, with a projected value of US$ 2.6 billion by 2029. This translates to a CAGR of 4.3% between 2022 and 2029.

Demand in Automotive Manufacturing

Dunnage trays have witnessed significant demand, particularly in the automotive industry. These trays play a crucial role in safeguarding and efficiently handling automotive parts on the shop floor. Robotics and automation further amplify the need for dunnage trays, as robots can directly access components from trays and feed them into assembly lines.

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Sustainability Takes Center Stage

The market is witnessing a growing emphasis on sustainability. The availability of 100% recyclable reusable dunnage trays is gaining traction. These trays can be considered a long-term investment, offering significant cost benefits in the long run.

Durability and Sustainability: A Winning Combination

Dunnage trays offer a multitude of advantages:

Protection: They safeguard cargo during transit, withstanding various external factors like heat, ensuring product integrity and user confidence.
Durability: Dunnage trays are built to last, offering cost-effectiveness for end-users.
Sustainable Materials: Manufacturers are prioritizing the use of sustainable materials that cater to hygiene and cleanliness.

Regional Market Insights

Europe: Currently holds the largest market share, driven by the high demand for dunnage trays in the autonomous vehicle sector.
North America: Shows a steady growth pattern.
Asia: Projected to surpass Europe in the coming years. This shift is attributed to key players setting up bases in countries like Vietnam, India, China, Taiwan, Philippines, and South Africa, where raw materials are readily available at lower costs.

The Future of Dunnage Trays

The increasing emphasis on inter-oceanic trade and the need for export safety further bolster the demand for dunnage trays. With their ability to protect and secure products during transportation, coupled with the possibility of customization, dunnage trays are well-positioned for continued growth in the future.

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Business Growth Opportunities in Dunnage Trays:

Customization and Innovation: Introduce customizable and innovative dunnage tray solutions to meet diverse industry needs, offering a competitive edge in the market.
Global Market Expansion: Explore opportunities to expand into emerging markets and strengthen partnerships with international distributors to increase the geographic reach of your dunnage tray products.
Sustainability Focus: Capitalize on the growing demand for sustainable packaging solutions by developing eco-friendly dunnage trays, leveraging recyclable materials and promoting a commitment to environmental responsibility.
Technology Integration: Incorporate smart packaging technologies, such as RFID tracking or IoT sensors, into dunnage trays to enhance supply chain visibility and provide added value to customers.
Cross-Industry Collaboration: Identify potential collaborations with other industries that require effective dunnage solutions, such as automotive or electronics, to diversify your product offerings and tap into new customer bases.

Trends in the Dunnage Trays Industry:

Increased Emphasis on Lightweight Materials: The market is witnessing a trend towards lightweight materials in dunnage trays to reduce transportation costs and enhance overall logistics efficiency.
Rise in Demand for Customization: Customers are increasingly seeking dunnage trays that can be tailored to specific product dimensions and requirements, driving the trend towards customizable and flexible packaging solutions.
Adoption of Automation in Manufacturing: Automation technologies, such as robotic assembly and automated material handling, are becoming more prevalent in the production of dunnage trays, leading to increased efficiency and cost-effectiveness.
Growing Popularity of Returnable Packaging: With a focus on sustainability and cost-effectiveness, there is a rising trend in the adoption of returnable dunnage trays, which can be reused multiple times in the supply chain.
Integration of Antimicrobial Properties: In response to heightened hygiene concerns, dunnage tray manufacturers are incorporating antimicrobial properties into their products, especially in industries like food and pharmaceuticals, to ensure the safety of transported goods.

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Key Segments:

Material Type:

Polypropylene (PP)
Polyvinyl chloride (PVC)
Thermoplastic polyurethanes (TPU)
Acrylonitrile butadiene styrene (ABS)
High-density polyethylene (HDPE)

End-use:

Electrical & Electronics
Healthcare & Pharmaceuticals
Automobile
Food & Beverage
Agriculture
Shipping & Logistics
Manufacturing & Warehousing

Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
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.

Contact Us:

Nandini Singh Sawlani

Glamping Market Trends: Rising Glamour and Profits to US$ 11.62 Billion by 2033 | FMI

According to FMI’s forecasts, the glamping market is anticipated to increase from US$ 3.84 billion in 2023 to US$ 11.62 billion by 2033. The market is anticipated to grow at an astounding CAGR of 11.69% throughout this time.

Increasing government-backed investments in the tourism sector across the globe is a chief factor driving the glamping market. Players in the tourism sector are offering better means to attract more tourist to outdoor locations.

The uptake and integration of technologies in such locations is encouraging consumers to opt for outdoor recreational activities, thereby augmenting the growth in the market.

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The developments of recreational vans and other motor homes with rental services is another factor boosting the market. Individuals are spending quality time with family and friends in remote areas and with the availability of all the resources at hand, which is emerging as a trend in the global tourism sector.

Further, the higher number of tourist locations in Europe and the development of regional tourism by various countries such as Spain, France, U.K., Germany, etc., is spurring demand in the market, and the trend is expected to continue over the forecast period.

Land adventure tourism is gaining popularity across the globe. The advent of technology and recent developments in outdoor sports activities that include optimal safety of tourists is boosting sales in the glamping market.

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“Increasing sales of eco-pods, along with growing integration of technologies to facilitate comfort and safety in such accommodations will continue driving sales in the market over the assessment period,” says the FMI analyst.

Key Takeaways:

Based of product type, sales of eco-pods will remain high through 2032.
In terms of age group, demand in the 18-32 segment will gain traction over the forecast period.
By size, the 2-5 persons segment will expand at a robust pace through 2032.
The U.S. will continue dominating the North America glamping market.
Spain will emerge as a lucrative market, accounting for a dominant share in the Europe glamping market.
The India glamping market will continue witnessing high demand over the forecast period.

Key Players:

ACCOR SA.
Hilton Worldwide Holdings Inc.
Radisson Hotel Group
Hipcamp
Bourne Leisure Holdings Limited
TENTRR
Tents Xpert
Under Canvas
The Resort at Paws Up
Collective Retreats
Asheville Glamping
GlamXperience
PurePods
Getaway House, Inc.
Hoshino Resorts Inc.
Baillie Lodges

Glamping Market by Category

By Type:

Motor Homes
Tree houses
Eco-pods
Yurts
Tipis
Safari Tents
Bell Tents
Others

By Consumer Orientation:

Male
Female
Kids

By Age Group:

Below 18 years
18-35 years
35-50 years
Above 50 years

By Size:

Less than 2 people
2-5 people
More than 5 people

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and 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.

Contact Us:

Nandini Singh Sawlani

Glass Washer Market Forecast: Industry Rising to US$ 707.4 Million by 2033

The Glass Washer Market plays a vital role in various industries, ensuring sparkling clean glassware for everything from fine dining establishments to busy laboratories. From simple undercounter units to high-powered conveyor systems, these machines cater to diverse cleaning needs. Let’s delve into the current state of the market, explore the factors driving its growth, and peer into its promising future scope.

Current Scenario:

The global glass washer market is experiencing steady growth, driven by several key trends:

Rising Demand Across Industries: The need for clean glassware spans numerous sectors, including restaurants, hotels, bars, cafes, laboratories, and research facilities. This widespread application fuels market growth.
Focus on Hygiene and Sanitation: Maintaining proper hygiene standards is crucial in all the aforementioned sectors. Glass washers ensure effective cleaning and sanitization of glassware, reducing the risk of contamination.
Growth of Hospitality Industry: The global hospitality industry is experiencing an upswing, with an increasing number of restaurants, hotels, and cafes catering to a growing tourism sector. This translates to a rise in demand for commercial glass washers.
Technological Advancements: Advancements in glass washer technology are making these machines more efficient, user-friendly, and eco-friendly. Innovations include:
- Improved wash cycles for faster and more thorough cleaning.
- Water and energy-saving features for sustainable operation.
- Diverse wash cycles to accommodate different types of glassware.

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Growth Factors:

Several key drivers are propelling the glass washer market forward:

Increasing Urbanization and Busy Lifestyles: The rising popularity of eating out and the fast-paced nature of modern life contribute to the demand for efficient and time-saving dishwashing solutions, propelling the adoption of commercial glass washers.
Focus on Labor Efficiency: In today’s competitive landscape, restaurants and hospitality businesses constantly seek ways to streamline operations and reduce labor costs. Glass washers free up staff time for other tasks, contributing to improved efficiency.
Growing Awareness of Water Conservation: As water scarcity becomes a growing concern, manufacturers are developing water-efficient glass washers with features like low-flow nozzles and water recycling capabilities.
Demand for Specialty Washers: The market is witnessing a growing demand for specialized glass washers for delicate items like wine glasses or laboratory glassware, requiring gentler cleaning methods.

Future Scope:

The glass washer market is expected to witness continued growth in the coming years, driven by several trends:

Integration with Smart Technologies: The future might see glass washers equipped with smart features like Wi-Fi connectivity, allowing for remote monitoring and control.
Emphasis on User Experience: Manufacturers might focus on developing user-friendly machines with intuitive interfaces and automatic dispensing systems for cleaning solutions.
Focus on Sustainability: Developments in eco-friendly materials and even more water-efficient cleaning processes will likely be at the forefront of future innovations.
Rise of On-Demand Services: The growing popularity of on-demand food delivery services might lead to a demand for high-capacity and efficient glass washers for restaurant kitchens handling large volumes of takeout orders.

Decorated Apparel Market: Estimated to Record a Steady 12.9% CAGR by 2033 – Exploring Trends and Innovations in Customized Clothing

In 2023, the global decorated apparel market is likely to rise to a valuation of US$ 29.4 billion. Anticipated to reach US$ 99 billion by 2033, it is estimated to record a steady compound annual growth rate (CAGR) of 12.9% from 2023 to 2033.

The global decorated apparel market registered an astonishing CAGR of 14.6% in the historical period between 2018 and 2022. The growing popularity of screen and digital printing on garments is a key factor driving market development.

The increasing demand for screen printing, embroidery, sublimation, and heat transfer work on garments is expected to drive growth in the global decorated apparel market. Additionally, the rising popularity of reflective finishes on clothing has provided opportunities for businesses in the industry to expand their offerings.

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As cotton, silk, and polyester continue to be preferred substrates, fabric suppliers are offering a diverse range of textiles for digital textile printing, influencing the value chain. Factors such as reduced ecological impact and enhanced customization flexibility have fueled demand for digitally printed garments among both business owners and consumers.

A strong demand for thoughtful materials in clothing also creates development opportunities for market participants. Furthermore, increasing demand for patterned t-shirts and other clothing due to altering trends is expected to contribute to merchandise sales during the forecast period.

Key Takeaways from the Decorated Apparel Market Report

The United States decorated apparel market is anticipated to reach US$ 17.2 billion by 2033.
Japan’s decorated apparel market is projected to surge at a CAGR of 13.5% through 2033.
South Korea’s decorated apparel market is estimated to reach US$ 5.7 billion by 2033.
Based on product, the embroidery category will register an average CAGR of 12.7% through 2033.
Regarding end users, the segment for men is expected to expand at 12% CAGR through 2033.

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“The ease of online shopping permits consumers to buy goods from the comfort of their home at any time without going to a physical store. Online retail often bid promotions and competitive prices, making it easy for clients to find discounts on their favored products. Advances in logistics and technology have made it easier for retailers to offer faster and more reliable shipping choices, ensuring clients receive their goods quickly. This is expected to remain a key factor driving the segment’s growth.” – says Sneha Varghese (Senior Consultant, Consumer Products & Goods).

Competitive Landscape

Key players in the decorated apparel market are trying to strengthen their presence in the worldwide market by growing production amenities in several regions. The market comprises both global and domestic players. Key market participants focus on new product development and innovation approaches to improve their portfolio offering and brand prominence.

For instance,

In February 2021, Hanes signed a licensing contract with Belle International to bring Champion accessories and footwear to China.
In February 2021, Hanes announced a partnership with G.O.A.T., a company of Authentic Brands Group, to develop the Muhammad Ali collection as part of its Champion Sportswear portfolio.

Decorated Apparel Market Outlook by Category

Product:

Embroidery
Screen Printing
Dye Sublimation
Digital Printing
Others

End User:

Men
Women
Children

Distribution Channel:

Online
Offline

About the Consumer Product Division at Future Market Insights (FMI)

Expert analysis, actionable insights, and strategic recommendations – the consumer product team at Future Market Insights (FMI) helps clients from all over the globe with their unique business intelligence needs.

With a repertoire of over 1,000 reports and one million+ data points, the team has analyzed the consumer product industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help

Author

Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.

Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.

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 ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

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
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Hair Brush Market: Anticipated to Showcase a Steady 7.0% CAGR by 2033 – Exploring Growth Trends in Hair Care Accessories

By 2023, the global hair brush market size is expected to surpass a valuation of US$ 4.2 billion. Throughout the assessment period from 2023 to 2033, it is anticipated to showcase a steady compound annual growth rate (CAGR) of 7.0%.

With these projections, the global hair brush market is likely to reach a valuation of around US$ 8.3 billion by 2033, creating a total financial potential of US$ 4.1 billion in the review period.

It is anticipated that contemporary consumers in several Asia Pacific nations, including India, Japan, China, and South Korea, will pay more attention to preserving good hair. Growth might be fueled by factors such as social media influence, a high need for well-groomed appearances, and increased awareness of haircare.

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Asia Pacific Millennial Trends: Millennial customers in the Asia Pacific region are poised to spend significant amounts on high-end haircare products, particularly hair brushes, prioritizing gentleness, breakage reduction, and oil dispersion.
Tailored Hair Brushes: Leading manufacturers are expected to cater to specific hair types such as fine, straight, or curly, incorporating features like heat-resistant and anti-static bristles to appeal to young consumers.
Example: Tangle Teezer: Tangle Teezer, known for its multitasking abilities and vibrant color range, gained popularity globally through influencer marketing, particularly appealing to millennial preferences with its rose gold and unicorn color options.
North American Hair Trends: Through 2033, new hair and personal grooming trends are anticipated to emerge in North America, with people of all ages experimenting with cutting-edge hairstyles like braiding, curling, and straightening.
Celebrity and Influencer Influence: The desire to emulate celebrity, beauty influencer, and vlogger looks is expected to drive demand growth, leading consumers to seek a variety of hair care items, including hair brushes, to achieve flawless styles.
Product Launch: Olivia Garden’s Barber Wave Collection: Olivia Garden, a top hair product manufacturer, introduced the Barber Wave Collection in September 2023, featuring five cutting-edge brushes primarily designed for barbers. Notably, three of the brushes have bodies made entirely of post-consumer plastic to align with sustainability goals.

Key Takeaways from Hair Brush Market Study-

The global hair brush industry showcased a decent CAGR of 5% in the historical period between 2018 and 2022.
The United States is likely to establish a clear-cut revenue chance of US$ 703.9 million in the forecast period.
The United Kingdom grew at an average CAGR of 9% in the historical period.
Japan is estimated to formulate a definite financial opening worth US$ 488.7 million in the review period.
In terms of product, the round brush segment is expected to showcase a CAGR of 8% in the forecast period.
Based on material, the organic segment expanded at a CAGR of 2% in the historical period.

“As people become more conscious of sustainability and environmental protection, they are likely to start looking for green and organic haircare items such as brushes. By releasing brushes with natural bristles, recycled plastic, and bamboo, reputable haircare product makers plan to fill unfulfilled needs. Sales are predicted to increase as consumer demand among environmentally concerned clients rises.”

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Competitive Landscape

Leading hair brush manufacturers are working on cutting-edge features, materials, and designs that will help them stand out from the competition. These can include brand-new brush forms created for particular hair types or styling requirements. To draw in more customers, a handful of businesses are adopting innovative bristle materials and ergonomic handles.

In order to foster customer loyalty and build a solid reputation, they are also concentrating on providing very long-lasting and superior-quality brushes. To do this, they might use premium materials, strong quality control procedures, and long-term guarantees or warranties.

Several millennial buyers are anticipated to switch to eco-friendly products that would have negligible to no environmental impact. Hence, top manufacturers can offer environmentally friendly, sustainable hair brushes. This would help to encourage recycling and reduce packaging waste.

For instance,

SpeedStyle and SmoothStyle were introduced by Shark, one of the home-care brands from SharkNinja Operating LLC, in August 2023. These goods would be a popular and affordable alternative to the Dyson Airwrap. They represent the most recent addition to the brand’s line of hair products using air technology.
Philips released their latest Avent Bottle Sterilizer, Hair Straightening Brush, and Beard Trimmer Series 1000 in August 2023. These goods would aid the business in diversifying the range of goods it sells under the category of personal health goods. The target market for Philips’ hair straightening brush is Gen Z and millennials.

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Hair Brush Market Outlook by Category

By Product:

Round Brush
Vent Brush
Paddle Brush
Cushion Brush
Detangling Brush
Others

By Material:

Organic
Synthetic

By Application:

Personal
Professional

By End-user:

Men
Women
Children

By Region:

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

About the Consumer Product Division at Future Market Insights (FMI)

Future Market Insights’ (FMI) consumer product team offers comprehensive business intelligence services, with a vast array of reports and data points analyzed across 50+ countries over a decade. The team provides consulting services and end-to-end research, offering expert analysis, actionable insights, and strategic recommendations to clients worldwide. Contact them to explore how they can assist with your unique business intelligence needs.

Author

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 ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Gum Rosin Industry Sales Anticipated to Grow at 4.7% CAGR, Reaching US$ 2,460.2 Million by 2033

The global gum rosin industry is expected to witness an average CAGR of 4.7% from 2023 to 2033. The target market in this region will reach a valuation of US$ 2,460.2 million by 2033, rising from an estimated US$ 1,554.2 million in 2023. Historically, the gum rosin market recorded a sluggish CAGR of 3.6% and reached a value of US$ 1,483.7 million in 2022. Increasing usage of gum rosin in paints, coatings, adhesives, paper, and inks will augur well for the gum rosin market as these products are undergoing a spike in demand.

Gum rosin is a kind of solid resin made from pine chemicals that are sourced from pine trees and various other plants. Also known as colophony, gum rosin is made by heating the fresh liquid resin to vaporize the volatile liquid terpene compounds. It is composed of a mixture of pimaric-type and abietic-type acids with a low amount of neutral compounds. Gum rosin Color’s ranging from yellow to black and has a semi-transparent appearance.

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The market for gum rosin is positively influenced by the increasing application of the product in adhesives. An upsurge in preference for natural additives across various industry verticals. Gum rosin also finds application in the automotive and construction sectors as it is used in the paints and coatings used in these industries. Other applications of gum rosin include its usage as a glazing agent in chewing gum and medicines, as a dispersant and as emulsification in the synthetic rubber industry will spur the demand for gum rosin in the global market. Again, the high friction-enhancing properties of gum rosin will further swell up the demand for gum rosin in the upcoming years.

Gum rosin contains excellent physical and chemical properties which promote its usage in the manufacturing of adhesives, printing inks, paper sizing agents, solders and fluxes, surface coatings, insulating materials, synthetic rubber, chewing gums, and soaps and detergents. Gum rosin can also be used on bows of violins and other string instruments, dancing shoes, floors, and stages to prevent slipping. All of these considerations, along with others, propel the gum rosin market forward in the international space.

Key Takeaways:

Availability of substitutes may hamper the growth prospects for the gum rosin market.
Expansion of the adhesives and paints sector will open avenues of growth for the target market.
The gum rosin market in China will register a CAGR of 5.3% and create an absolute dollar opportunity of US$ 648.0 million by 2033.
Surging residential and commercial infrastructure projects will bolster the gum rosin market in India to grow at a CAGR of 5.7% during the assessment period.
By product type, the WW-type segment will account for 38% of the market share in 2023 due to its extensive usage in paper sizing for maintaining textures and colors.
In terms of application, the adhesive segment will continue to dominate the market.

Competitive Landscape

Naval Overseas, Punjab Rosin and Chemicals Works, and Forestar Chemical Co., Ltd., among others, are a few of the key players in the gum rosin market profiled in the full version of the report.

In a highly fragmented environment, prominent market players are concentrating on the acquisition of smaller firms. The development of novel and sustainable products, and increasing research efforts to adopt new technologies for more eco-friendly manufacturing of gum rosin are some of the other strategies adopted by these businesses.

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More Insights Into Gum Rosin Market

FMI offers the latest, unbiased, and detailed analysis of the global gum rosin market, providing historical data from 2017 to 2022 and forecast statistics for 2023 to 2033. To understand the global market potential, growth, and scope, the market is segmented based on product type, application, and region.

According to the reports, based on segmentation, the WW-type of gum rosin will remain popular in the global market due to its rising usage in paper sizing. Based on application, the adhesive category will continue to dominate the market with a share of 28%. Rising demand for adhesives from the automotive sector will push the segment to expand at a CAGR of 5.9% between 2023 and 2033.

Based on region, the gum rosin market in India will exhibit impressive growth during this period. The target market in this country will grow at a CAGR of 5.7%. Factors like the elevated application of gum rosin in adhesives and its consequent usage in residential and commercial infrastructure projects will foster the growth of the market in India. Besides India, China too will present notable growth in the gum rosin market. Thus, India and China will significantly contribute to the growth of the gum rosin market during the projection period

Key Segments

By Product Type:

WW-Type
WG-Type
N-Type
X-Type
Others

By Application:

Paper
Paints & Coatings
Soap
Printing Ink
Adhesives
Rubber
Others

By Region:

North America
Latin America
East Asia
South Asia and the Pacific
Europe
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Nandini Singh Sawlani

Forecasting a Steady Surge: Thermic Fluid Market Projected to Expand at Over 6.2% CAGR to 2032

The thermic fluid market is poised for robust growth, with an anticipated compound annual growth rate (CAGR) exceeding 6.2% from 2022 to 2032. This growth trajectory reflects the increasing demand for efficient heat transfer solutions across various industries such as chemicals, oil and gas, food and beverage, and pharmaceuticals. Thermic fluids play a vital role in maintaining optimal temperatures in industrial processes, enhancing operational efficiency, and reducing energy consumption. Factors driving this growth include technological advancements, stringent environmental regulations promoting energy-efficient solutions, and the expanding industrial infrastructure globally.

Market Overview:

Thermic fluids are specialized fluids used to transfer heat efficiently in industrial processes. They play a vital role in maintaining optimal temperatures for various applications.
The market is driven by the growing demand from industries like chemicals, pharmaceuticals, food & beverage, and renewable energy.
Increasing focus on energy efficiency and stringent environmental regulations are fueling the adoption of thermic fluids.

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Strengths

Industrial Demand: Thermic fluids play a crucial role in various industries like chemicals, pharmaceuticals, oil & gas, and food & beverage for efficient heat transfer processes.
Energy Efficiency: Thermic fluids offer advantages like cost-saving operation compared to traditional methods like steam and electricity, making them an attractive choice.
Renewable Energy Integration: The rise of concentrated solar power plants is driving demand for thermic fluids as they are essential components in these systems.

Challenges

Fluctuating Oil Prices: Thermic fluids are often derived from petroleum sources, making the market susceptible to crude oil price volatility.
Environmental Concerns: There are growing environmental concerns regarding the use of synthetic thermic fluids. Development of biodegradable and sustainable alternatives is crucial for long-term market viability.
Stringent Regulations: Stringent regulations on emissions and safety standards can impact the production and use of thermic fluids, requiring manufacturers to adapt their products accordingly.

Regional Scope:

The Asia-Pacific region dominates the thermic fluids market due to its booming manufacturing sector, particularly in chemicals and pharmaceuticals.
North America and Europe are also significant markets with a strong focus on technological advancements and energy efficiency.
Emerging economies like India and China are expected to witness significant growth due to rapid industrialization.

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Top Key Players in the Thermic Fluid Market

Solutia Inc. (USA)
Dow Chemical’s Co. (USA)
ExxonMobil (USA)
Shell Corporation (The Netherlands)
BP (United Kingdom)

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Styrene Butadiene Rubber Industry on the Rise: Market Poised to Reach US$ 18,079.6 Million by 2032

The global styrene butadiene rubber industry is anticipated to create an absolute dollar opportunity by exhibiting a healthy CAGR of 5.5% between 2022 and 2032. The market is expected to reach US$ 10,584.3 Million in 2022 and is anticipated to surpass US$ 18,079.6 Million by 2032.

As per the historic analysis of FMI, styrene-butadiene rubber sales grew at a CAGR of 5.2% between 2016 and 2021, owing to the use of rising applications including tires, footwear, and polyurethane adhesives among other. The rising demand for synthetic and processed rubber is predicted to improve the sales of styrene-butadiene.

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End-use industries are rapidly inclining towards synthetic rubber over natural rubber in the automotive tire industry which is expected to bolster growth in the styrene butadiene rubber market. Over recent years, the use of synthetic rubbers such as styrene-butadiene has witnessed impressive growth due to technological advancements coupled with rising applications in the industrial and automotive sectors. Backed by these factors, Future Market Insights (FMI) expects styrene butadiene rubber sales to reach US$ 18,079.6 Million in 2032.

Key Factors

The styrene-butadiene rubber is becoming the consumer’s preferable choice because of its impeccable properties such as excellent heat resistance, low rolling resistance, wear resistance, and abrasion resistance. Therefore, end-users are inclining toward styrene butadiene rubber in the automotive industry. These above factors are expected to fuel the expansion of the global styrene butadiene rubber market in the coming years.

Due to the rise in sales of automobiles all over the world, the demand for styrene butadiene rubber is predicted to surge over the forecast period (2022-2032). As per the segmentations, the solution SBR segment is likely to witness the fastest growth during the forecast period. Demand for solution SBR is predicted to increase in the footwear application, fueling the sales in the market.

As per the studies, styrene-butadiene rubber is considered to be the most processed and synthetically manufactured rubber. The production of products and parts of products including car tires, mechanical rubber equipment or machine parts, and shoe soles, among others, are all made of this product. One of the major key factors expected to drive its growth in the styrene butadiene rubber (SBR) market is rising demand from the tire manufacturing industry.

In addition to that, surging demand for new automobiles and replacement tires along with the rising interest for synthetic rubber over industrial rubber is expected to fuel market growth. Styrene butadiene rubber has inherent advantages in terms of stability and physical properties, driving growth in the market.

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Competitive Landscape

Leading manufacturers of styrene butadiene rubber primarily focus on developing sustainable butadiene in order to avoid being impeded by stringent government rules that restrict the use of chemically manufactured butadiene in various regions. To efficiently fit into the increasingly popular circular economy trends, SBR manufacturers are focusing on achieving sustainability in their business models.

More Insights into the Styrene Butadiene Rubber Market

The U.S. is considered to dominate the global styrene butadiene rubber market in the North American region. Due to the rising popularity of electric vehicles, the overall sales of automobiles in the U.S. are expected to spur over the estimation period. This will also surge the demand for tires, which will in return boost sales of styrene butadiene rubber and styrene butadiene rubber latex.

Styrene butadiene rubber suppliers in the U.S. will also be benefitted from lucrative business opportunities brought on by the presence of leading industry players in the country. These aforementioned factors are anticipated to boost the growth in the U.S. styrene butadiene rubber market during the forecast period.

Attributed to the strict government initiatives and thriving automotive industry has encouraged the growth of the manufacturing sector, opportunities for suppliers of styrene butadiene rubber are expected to boost the market. Styrene butadiene rubber (SBR) demand witnessed a noticeable increase in China by registering a growth of 6.3% throughout the forecast period.

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Key Companies Profiled

Asahi Kasei
LANXESS
MICHELIN
China Petroleum & Chemical
ARLANXEO
Zeon Corporation
LG Chem
Trinseo
KUMHO PETROCHEMICAL
Goodyear Rubber Company
Versalis S.p.A.
Chemtura
JSR

Styrene Butadiene Rubber Market by Category

By Type:

Emulsion SBR (E-SBR)
Solution SBR (S-SBR)

By Application:

Tires
Footwear
Gaskets & Hoses
Adhesives & Sealants
Conveyor Belts
Electric

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, 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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Nandini Singh Sawlani

Global Saline Laxative Market is poised to achieve a valuation of US$ 15.17 billion by 2032 at a CAGR of 7%

As the healthcare landscape continues to evolve, the global saline laxative market emerges as a pivotal sector, witnessing robust growth and transformative trends. According to recent market analysis, the saline laxative market is estimated to secure a remarkable Compound Annual Growth Rate (CAGR) of 7% during the forecast period. Projections indicate that by 2032, the market is poised to achieve a valuation of US$ 15.17 billion, marking a significant leap from its 2022 valuation of US$ 7.71 billion.

The escalating demand for saline laxatives is attributed to their widespread utilization in clinical and medical settings, catering to a spectrum of healthcare needs. Saline laxatives play a vital role in addressing various medical conditions, including constipation, intestinal clearance, and facilitating surgical procedures such as colonoscopies, thereby fueling market expansion.

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A key driver propelling the adoption of saline laxatives is the tailored dosing regimen administered by healthcare professionals, meticulously tailored to patients’ medical profiles and age demographics. Notably, healthcare providers exercise caution, refraining from prescribing saline laxatives to individuals grappling with chronic ailments like cardiac and renal dysfunction.

Factors such as sedentary lifestyles, burgeoning economies, and the escalating consumption of low-fiber diets contribute to the heightened demand for saline laxatives. Moreover, the adherence to prescription doses, guided by comprehensive clinical protocols, augments the market size of saline laxatives during the forecast period.

However, it is imperative to acknowledge the potential risks associated with excessive saline laxative usage, which may precipitate adverse effects on kidney and heart health, culminating in unintended weight loss. Additionally, the burgeoning incidents of laxative abuse pose a challenge to market growth, necessitating proactive measures to mitigate risks and promote responsible usage.

In response to evolving consumer preferences and healthcare demands, manufacturers are innovating saline laxatives in diverse formulations, including solutions, tablets, suspensions, and enemas. These versatile formulations are poised to bolster sales and cater to diverse patient needs, thereby enriching the market landscape.

FMI, a leading innovator in healthcare solutions, remains at the forefront of this transformative journey. Leveraging cutting-edge research and development, FMI is committed to delivering pioneering saline laxatives that uphold the highest standards of efficacy, safety, and patient well-being.

Market Growth Drivers:

Several trends are propelling the saline laxative market forward:

Rising Prevalence of Digestive Issues: Conditions like constipation are becoming increasingly common, particularly as populations age. This fuels demand for effective and gentle laxatives like saline solutions.
Growing Awareness of Digestive Health: Public awareness regarding digestive health is on the rise. People are becoming more proactive about managing their gut health, leading them to explore options like saline laxatives.
Preference for Natural Remedies: There’s a growing shift towards natural and organic solutions for health concerns. Saline laxatives, derived from salt and water, align well with this preference.

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Saline Laxative Market: Key Players

Key players of Saline Laxative Market are McKesson Corporation, Safeway Inc., Supervalu Inc, Walgreen Company, Amerisourcebergen Corporation, Cardinal Health, Major Pharmaceuticals, The Kroger Company, Family Dollar Stores, Inc. and others

Segmentation Saline Laxative Market:

Saline Laxative Market by Product Type:

Fleet Phospho-Soda
Magnesium Citrate
Milk Of Magnesia
Di Basic Sodium Phosphate
Sodium Phosphate Mono Basic

Saline Laxative Market by Distribution Channel:

Pharmacies
Online
Drug store
Hospital Pharmacies

Regional analysis includes:

North America
Latin America
Europe
Asia Pacific & Japan
The Middle East and Africa

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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:

Nandini Singh Sawlani