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India Colored Gemstones Market: A Robust 10.5% CAGR Propels Growth to US$ 1,916.9 million by 2033 | FMI

The Indian market for colored gemstones is projected to reach a value of US$ 707.8 million in 2023. With a strong compound annual growth rate (CAGR) of 10.5% expected between 2023 and 2033, the market is set to grow significantly. By 2033, this growth is anticipated to bring the market value to US$ 1,916.9 million.

Gemstones in India are valued for reasons beyond their beauty. Many people in the country believe in the mystical properties of gemstones. For instance, the market for ruby-colored gemstones is expected to grow rapidly in the coming years because rubies are seen as a symbol of the Sun.

Enhancing the clarity and color of colored stones through gemstone treatment is common and easily implemented. Heat treatment, for example, is a popular method to enhance the appearance of gemstones. However, incorrect use of these treatments can damage the stones. More expensive treatment options include filling fractures and applying oil or wax, as well as using radiation therapy.

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A gemstone’s worth is determined by factors like asteria, clarity, cut, and color zoning. Only emerald, sapphire, diamond, and ruby are considered to be precious gemstones. As a result, these are among the most expensive gemstones. To check for the authenticity of these gemstones, consumers should be on the lookout for the following characteristics:

Hardness, which should range between 8 and 10 on the Mohs scale
Translucent appearance with fine colors (with the exception of colorless diamond)

Diamond, sapphire, ruby, and emerald are regarded as precious gemstones. These gemstones offer distinct qualities such as:

Translucent appearance along with fine colors (colorless diamond is a notable exception)
8 to 10 Mohs scale hardness

Key Takeaways from the India Colored Gemstones Market Study

A US$ 707.8 million valuation looks likely for the India market for colored gemstones.
Between 2023 and 2033, a positive 5% CAGR is set to accelerate the market.
In 2033, the market should attain a value surpassing US$ 1,916.9
From 2018 to 2022, the market registered expansion at a healthy 8.0% CAGR.
In 2022, the market was valued at US$ 644.1 million.
The ruby segment had a 2% share of the market in 2022.
The jewelry and ornaments segment had a 29% share in the market in 2022, and it is predicted to establish a 7% share in the coming years.

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“International players operating in the India market for colored gemstones are making the most of social media to make target audiences aware. Local players should follow in their footsteps and leverage the power of social media to make themselves more visible.” -Says an FMI analyst.

Jewelry and Ornaments Segment to Continue Holding Prominent Share in Terms of Revenue

The jewelry and ornaments segment is anticipated to hold approximately 47.7% of the market share in India, driven by the growing middle class and the introduction of innovative jewelry designs by manufacturers.

Within the jewelry and ornaments segment, various categories such as bangles, necklaces, pendants, earrings, rings, anklets, and brooches are identified. Rings, in particular, played a significant role, constituting a 29% share of the market in 2022.

Who is Winning?

Prominent colored gemstones market companies in India are focusing on formulating and executing branding strategies. These companies are also being helped by the Government of India, which is trying to revitalize the country’s jewelry sector by reducing taxes and duties.

Leading players operating in the India market for colored gemstones are

Anglo American PLC
Gemfields Group Ltd.
Petra Diamonds Limited
Rockwell Diamonds Inc.
Gem Diamonds Limited
PJSC ALROSA
Swarovski Group
Rio Tinto Diamonds
Botswana Diamonds P.L.C
Fura Gems Inc.
Dominion Diamond Corporation
Mountain Province Diamonds Inc.
Trans Hex Group Ltd.
Merlin Diamonds Limited
KGK Group
Pala International Inc.
MIF Gems Co Ltd.
Greenland Ruby

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India Colored Gemstones Market by Category

By Stone Type:

Emerald
Ruby
Sapphire

By Shape (% of Demand):

Round
Oval
Pear
Cushion
Square Cushion
Square
Rectangle
Triangle
Freeform

By Product Type

Precious
Semi- Precious
Synthetic Stone

By Application

Jewelry & Ornaments (Fashion Jewelry)
- Bangles
- Necklaces
- Pendants
- Earrings
- Rings
- Anklets
- Brooches
Luxury Art
Astro

By Product Format:

Natural
Synthetic (Lab Created)

By Cut Type (% of Demand):

Faceted Style
Non Faceted

By Clarity:

Type – I
Type – II
Type – III

By Region:

North
South
West
East

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 5000 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
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Ultrapure Water Market Poised for Explosive Growth: US$ 25.2 Billion by 2033 Driven by Electronics Boom

In 2023, it is predicted that the ultrapure water market would be worth US$ 8.8 billion. The market is expected to show an 11.1% CAGR from 2023 to 2033. By the end of 2033, it’s predicted to produce a market size of US$ 25.2 billion.

Use of ultrapure water in the electronics sector would help in preventing the accumulation of impurities that could damage sensitive components. Semiconductor sector is one of the prominent end-use industries holding a significant share of around 55% of the global market in 2023.

Growing need for ultrapure water in the production of electronic components has increased with robust expansion of the electronics sector.

Significant increase in the consumption of ultrapure water from several end-use industries such as power generation and pharmaceuticals among others is another key factor driving growth.

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Ultrapure water is used in power generation facilities for the production of steam, which is used to generate electricity. With rising demand for electricity worldwide, demand for ultrapure water in power generation is also increasing.

The ultrapure water industry is experiencing rapid technological advancements in water treatment, filtration, and purification techniques. Innovations such as reverse osmosis, nanofiltration, and ultraviolet (UV) disinfection systems have made it easier to achieve high levels of purity in water. These technologies are becoming more efficient and cost-effective, which is driving growth in the ultrapure water industry.

Key Takeaways from Ultrapure Water Market Study:

The global market for ultrapure water is projected to witness a CAGR of 1% during evaluation period between 2023 and 2033.
By delivery method, the on-site generation segment is expected to account for about 4% of the total share in 2023.
Merck Group, General Electric, Veolia Water Technologies, Thermo Fisher Scientific, and Pall Corporation currently hold a share of 35% to 40%.
By end-use industry, the semiconductor segment is estimated to consume around 7 billion gallon of ultrapure water in 2023.
The global ultrapure water industry exhibited a CAGR of 6% in the historical period.

“The global market is expected to surge due to a shift toward sustainability and significant technological advancements in the water treatment process. It would also be propelled by continued development of several sectors, particularly in emerging nations.” – says a lead analyst at Future Market Insights (FMI)

Competitive Landscape

The market for ultrapure water is estimated to be a consolidated industry, where key players are expected to account for a significant share. They are focusing on expansion of domestic production and technology areas of ultrapure water to provide cost-efficient solutions to consumers.

Manufacturers are also focusing on rapidly growing sectors such as pharmaceutical, electronics, semiconductors. They are aiming for rapid development and long-term presence in the market.

Several market participants are investing in the development of new products and innovation on the existing ones to develop high-end products to satisfy customers’ needs. These companies are also focusing on delivering innovative solutions while maintaining sustainable development to maintain their dominance across the globe.

Merck Millipore, Pall Corporation, Suez Water Technologies & Solutions, Veolia Water Technologies, ELGA LabWater, Aqua Solutions, Evoqua Water Technologies, Media Analytics Ltd., Agilent Technologies, Biobase Biodustry, Bio-Rad Laboratories, Bruker Daltonics, Calgon Carbon Corporation, Hach Company, Nanostone Water, and Purolite Corporation are few of the manufacturers of ultrapure water profiled in the full version of the report.

For instance,

Envirogen Group unveiled LabPure, a centralized, energy-efficient water purifying system, in January 2023. It is primarily produced for use in laboratories, where type 1 ultrapure water is required. It can combine continuous ultrapure water operation with an ownership cost based on tried-and-true RO-EDI technology.

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Get More Valuable Insights into the Ultrapure Water Market Report

In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the global ultrapure water market, providing historical data from 2018 to 2022 and forecast statistics for the period 2023 to 2033. To understand the global market potential, growth, and scope, the market is segmented based on delivery method (bulk delivery, packaged containers, and on-site generation), technology (reverse osmosis (RO), ion exchange (deionization), distillation, filtration, electrodialysis, and UV or ozone treatment), end-use industry (semiconductor, pharmaceuticals, biotechnology, laboratories, power generation, and food & beverage industry), and regions.

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

Expanding Horizons: The Surge of Electronic Sealants Market Expected to Reach US$ 2.5 Billion by 2033

In 2023, the global electronic sealants market size was estimated to be worth US$ 1,039.6 million. It is anticipated to expand at a CAGR of 9.3% between 2023 and 2033. By 2033, the market is set to be worth US$ 2,525.7 million.

With growing adoption of electronic devices and increasing need for protection against moisture, dust, and other environmental factors, demand for electronic sealants is expected to rise. The market is witnessing significant technological advancements to meet evolving demands of the electronic industry.

New sealants are being developed that offer improved performance and greater reliability. These also help to ensure that electronic devices remain protected in harsh environments.

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Increasing complexity and miniaturization of electronic devices require sealants that offer high performance and reliability. It has led to a shift toward high-performance electronic sealants that can withstand extreme temperatures, chemicals, and other environmental factors.

The electronic sealant market in East Asia is expanding rapidly, primarily due to the region’s high demand for electronic devices and components. Countries such as China, Japan, and South Korea are the dominant contributors to this growth.

The region houses numerous electronic component manufacturers. Rising production of electronic devices is also expected to fuel demand for electronic sealants in East Asia. Increasing need for high-performance sealants with superior durability and resistance to extreme temperatures and harsh chemicals is further boosting demand.

Key Takeaways from the Electronic Sealants Market Study:

The global electronic sealants market witnessed a CAGR of 0% during the historical period between 2018 and 2022.
China is electronic sealants market expected to reach about US$ 572.2 million by end of 2033.
By type, silicone sealants generated around 2% of the global electronic sealants market share in 2022.
By application, the gap fillers segment is anticipated to reach US$ 4 million by end of 2033.
Based on end-use industry, the electrical & electronics segment accounted for a 2% electronic sealants market share in 2022.

“Due to increasing production of electronic components and gadgets, the need for electronic sealants has increased worldwide. Demand for dependable and durable electronic sealants has increased as a result. These aid in shielding devices from environmental hazards such as moisture, dust, and temperature changes.” – Says a lead FMI analyst.

Competitive Landscape

Significant technological improvements are being witnessed in the market for electronic sealants on a global scale. To develop fresh and cutting-edge sealants, top manufacturers are spending in research and development.

Demand for sealants that can survive tough conditions and high temperatures is what spurred these developments. Key players are also developing novel products that can enhance adhesion and lower volatile organic compounds (VOC) emissions.

For instance,

In April 2023, PPG introduced a kit called SEMCO Sealant Removal, Mixing & Application Kit. It can be used to remove and apply aerospace potting compounds, adhesives, and sealants on aircraft at remote locations.

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Top Key Players

Dow Inc.
CSL Silicones Inc.
H.B. Fuller Company
American Sealants, Inc.
Momentive Performance Materials
CHT Germany GmbH
Novagard
Kohesi Bond
ALSTONE INDUSTRIES PVT. LTD
CHEMISCHE GLOBAL PVT LTD (ESSRBOND)
Henkel AG
Elkem ASA
Shin-Etsu Chemical Co., Ltd.
NANPAO RESINS CHEMICAL GROUP

Get More Insights into the Electronic Sealants Market Report

In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the global electronic sealants market, providing historical data from 2018 to 2022 and forecast statistics for the period 2023 to 2033. To understand the global market potential, growth, and scope, the market is segmented based on type (silicone sealants, RTV silicones, silicone gel, epoxy sealant, PU sealant, acrylic sealant, polydimethylsiloxane sealant), application (encapsulation, underfilling, potting, conformal coating, thermal management, gap fillers, surface mounting), end-use industry (aerospace & defense, electrical & electronics, telecommunication, automotive), and regions.

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

Global Food & Beverage Industrial Cleaning and Disinfection Market: Trends, Growth, and Projections Towards 2033

Food & Beverage Industrial Disinfection and Cleaning Market

The size of the global food & beverage industrial cleaning and disinfection market is anticipated to reach approximately US$ 3,270.9 million in 2023. It is projected to expand at a CAGR of 5.4% between 2023 and 2033.

By 2033, it is expected that the global market will be worth US$ 5,549.2 million. East Asia and South Asia Pacific are expected to continue to play a prominent role in the market due to growing demand in nations such as India, China, and Japan.

Growing worries have been raised in recent years about the frequency of food-borne illnesses brought on by viruses, radioactive materials, and inorganic chemicals. Around 10% of the world’s population suffers from food-borne illnesses, according to the World Health Organization.

As a result, all economies nowadays have more stringent regulatory oversight both inside and outside the food & beverage sector.

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In undeveloped and developing regions of Asia, Africa, and South America, the frequency of such illnesses is especially high. As a result, governments in these regions are working hard to implement suitable food testing and disinfection processes for food safety.

Due to these developments, the market for disinfectants that are suitable for use on food has grown significantly over the past several years.

The food & beverage cleaning industry is experiencing growth mainly due to rising demand for food-grade disinfectants and need to prevent outbreaks of foodborne illnesses.

There is an increased focus on reducing food waste, which has popularized the use of food-safe disinfectant sprays in several developed countries.

Cleaning and disinfecting are essential steps in the production process. If not done properly, disinfection can have negative effects. Effective cleaning is required prior to disinfection in order to remove dirt, residues, and other particulates.

Key Takeaways from Food & Beverage Industrial Disinfection and Cleaning Market Study

Top 3 countries in the global food & beverage industrial disinfection and cleaning market are set to hold a share of 40 to 45% in 2023.
In the historical period from 2018 to 2022, the global demand for food & beverage industrial disinfection and cleaning products exhibited 3% CAGR.
The USA food & beverage industrial disinfection and cleaning market is expected to hold around 0% of the North America.
Based on application, the processed food category accounted for a 5% market share in 2022.
In terms of product type, hydrogen peroxide showcased decent growth by generating 3% share in 2022.

“Temperature is an important factor as a few disinfectants do not function well in cold climates. The type of product being produced and processed has a key impact on the disinfectant utilized. Novel production methods to meet changing demands are set to provide a sizeable boost to manufacturers in this industry.” – Says a lead analyst.

Competitive Landscape: Food & Beverage Industrial Disinfection and Cleaning Market

To meet the needs of various markets, leading corporations are concentrating on creating novel products and expanding their manufacturing capacities both domestically and abroad. Only a few of the key firms collaborate and cooperate with other businesses to expand their product lines.

Sustainable solutions have become more and more in demand in recent years. This is a result directly of expanding environmental rules and rising worries about health risks.

The market is seeing prominent companies continue to concentrate on developing novel solutions using biodegradable goods.

For instance,

In December 2021, Kersia, a company operating in the food safety and biosecurity industry, entered into an exclusive agreement to acquire a controlling stake in Kalinisan Chemicals Corporation. It is a Philippines-based company.

The agreement is based on the potential for positive synergies between the two companies. Both have complementary geographical, business, industrial, and innovation profiles.

In November 2020, Ecolab introduced a new cleaning product called Exelerate TUFSOIL. It is a gel cleaner and degreaser that is ready-to-use and designed for food & protein manufacturers.

This cleaning solution is effective in quickly removing stubborn, burnt-on soils from a variety of equipment and areas. This includes fryers, ovens, dryers, catwalks, racks, smokehouses, and environmental spaces. Launch of this new product will enable Ecolab to enhance its product range for the food & beverage industry.

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More Insights into the Food & Beverage Industrial Disinfection and Cleaning Market Report

In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the global food and beverage industrial disinfection and cleaning market, providing historical data from 2018 to 2022 and forecast statistics for the period 2023 to 2033. To understand the global market potential, growth, and scope, the market is segmented based on product type (oxidizing disinfectants, non-oxidizing disinfectants, alcohols & cleaning chemicals), process (coagulation, steam sterilization, pasteurization, carbonation, chlorination, UV process, ozonation), application (food industry, beverage industry), and region.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~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

Banquet Cabinets Market Size Rising to US$ 1,239.0 million by 2033

The global banquet cabinets market size is anticipated to reach a valuation of US$ 878.4 Million in 2023, driven by the increasing adoption of online sales channels. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 3.5% between 2023 and 2033, and reaching a total valuation of approximately US$ 1,239.0 Million by 2033.

One of the major factors is the growing demand for banquet cabinets in the foodservice industry. There is a growing demand for banquet cabinets that can store and transport food items effectively, with the rise in the number of events, such as weddings, conferences, and corporate events. The cabinets are designed to keep food fresh and maintain its temperature, which makes them ideal for use in the foodservice industry.

A key factor fueling the market growth is the increasing focus on food safety and hygiene. Banquet cabinets are designed to ensure that food items are stored in a safe and hygienic manner. They are equipped with features such as air filtration systems and temperature control mechanisms that help to maintain the quality of the food items. There is a rising demand for banquet cabinets in the foodservice industry, with the growing awareness about food safety and hygiene.

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Integration of smart technologies such as IoT is another major factor that is expected to further escalate the market growth. The IoT technology allows for real-time monitoring of the temperature and humidity levels in the cabinets, enabling better control and management of the stored food items. The use of smart technologies can also help in reducing energy consumption and costs, which is another major factor escalating the growth of the Banquet Cabinets Market.

The increasing demand for energy-efficient banquet cabinets is also anticipated to propel market growth. There is an increasing focus on sustainability and energy efficiency in the foodservice industry, which has led to a rising demand for banquet cabinets that can help in reducing energy consumption and costs.

The growing trend of outdoor catering events and food trucks is augmenting the demand for mobile banquet cabinets that can be easily transported and set up at different locations. The mobile cabinets are designed to be compact, lightweight, and easy to move around, making them ideal for use in outdoor catering events and food trucks.

Key Takeaways:

Global banquet cabinets market was valued at US$ 848.7 Million by 2022 end.
From 2018 to 2022, the market demand expanded at a CAGR of 2.7%.
North America is expected to hold a dominant CAGR of 3.4% during the forecast period.
By Product, the electric segment is expected to constitute a CAGR of 3.3% in 2033.
On the basis of End-Use Industry, the hotels and restaurants segment is expected to dominate the market with a CAGR of 3.2% in 2033.
From 2023 to 2033, banquet cabinets market is expected to flourish at a CAGR of 3.5%.
By 2033, the market value of banquet cabinets is expected to reach US$ 1,239.0 Million.

Growing popularity of outdoor events and catering, across the globe is a major factor that is expected to propel the growth of the banquet cabinets market in the near future, remarks an FMI analyst.

Competitive Landscape:

Prominent players in the banquet cabinets market are Hoshizaki Electric Co. Ltd., Alto-Shaam, Carter-Hoffmann, Hatco Corporation, Henny Penny, Hobart Corporation, KitchenAid Commercial, Rational AG, Traulsen, Carter-Hoffmann, True Manufacturing Co., Inc., Duke Manufacturing, and Vulcan Food Equipment Group, among others.

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Recent Developments:

In 2022, Hatco Corporation launched a new line of banquet cabinets with improved insulation and energy-efficient features, along with better temperature and humidity control for optimum food quality and safety.
In 2021, Alto-Shaam, another leading player, announced the launch of its new Banquet Cart, which features improved mobility, durability, and energy efficiency, as well as advanced controls for precise temperature and humidity management.
In the same year, Carter-Hoffmann introduced a new line of banquet cabinets that feature a unique thermal curtain design for improved energy efficiency and temperature control.

Key Segments Covered:

By Product:

Electric Banquet Cabinets
Non-electric Banquet Cabinets

By Capacity:

Less than 50 Trays
50-100 Trays
More than 100 Trays

By End-Use Industry:

Hotels and Restaurants
Event Management Companies
Catering Services
Hospitals and Healthcare Facilities
Educational Institutions

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

Global Phlebotomy Equipment Market Set to Surge, Projected to Reach US$ 20,530 Million by 2032

The global phlebotomy equipment market is poised for substantial growth, with a projected valuation of US$ 10,930 Million in 2022 surging to US$ 20,530 Million by 2032. This remarkable expansion represents a significant compound annual growth rate (CAGR) of 6.5% during the forecast period.

The increasing prevalence of infectious illnesses, a rise in accident and trauma cases, and the growing burden of non-communicable diseases are among the primary drivers fueling the demand for phlebotomy equipment worldwide. As the incidence of these health challenges continues to escalate, there is a corresponding surge in the necessity for advanced medical equipment to facilitate diagnosis, treatment, and monitoring.

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One of the key factors propelling the sales of phlebotomy equipment is the escalating frequency of accidents and trauma cases observed globally. These incidents necessitate prompt and efficient blood collection procedures, emphasizing the critical role played by phlebotomy equipment in emergency medical settings.

Furthermore, the demand for phlebotomy equipment is expected to witness sustained growth owing to its indispensable role in treating individuals who have sustained injuries as a result of trauma or accidents. Rapid blood collection and analysis are crucial for accurate diagnosis and timely intervention, highlighting the essential nature of phlebotomy equipment in emergency medical care.

In addition, the rising prevalence of both noncommunicable and infectious illnesses has contributed to an increased demand for phlebotomy equipment. With healthcare systems grappling to address the growing burden of diseases, the importance of efficient blood collection and analysis cannot be overstated, further driving market expansion.

As the global healthcare landscape continues to evolve, the phlebotomy equipment market stands poised for substantial growth, driven by the pressing need for advanced medical devices to support diagnostic and therapeutic interventions.

Phlebotomy Equipment Market: Drivers

The phlebotomy equipment market is experiencing significant growth, driven by several key factors:

Expanding Healthcare and Diagnostics: The overall growth of the healthcare and diagnostic market creates a ripple effect. As more people seek medical attention and undergo diagnoses, the demand for phlebotomy procedures and equipment rises.
Increased Need for Blood Draws: Rising incidences of blood-related diseases like high cholesterol, hyperuricemia, kidney problems, and white blood cell disorders necessitate more frequent blood draws. This fuels the demand for phlebotomy equipment.
Emerging Healthcare Markets: Developing countries like India, China, Malaysia, and Japan are witnessing significant growth in their healthcare sectors. This creates a new and expanding market for phlebotomy equipment.
Investment in Diagnostics: Increased investment in the global diagnostics industry fosters innovation in phlebotomy equipment. This not only attracts new players but also leads to the development of new and improved equipment.

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Phlebotomy Equipment Market: Restraints

Despite the positive outlook, the phlebotomy equipment market faces some challenges:

Uneven Healthcare Development: Healthcare development is uneven across the globe. Wealthier western nations often dominate the market, while developing regions might lack resources and infrastructure. This hinders the widespread adoption of advanced phlebotomy equipment.
Fragmented Market: The phlebotomy equipment market is fragmented, with established players in the west holding a significant share. This can make it difficult for new entrants to gain a foothold, potentially limiting market innovation and growth.

In summary, the phlebotomy equipment market is driven by the expanding healthcare and diagnostics field, the rise of blood-related diseases, and growth in emerging economies. However, uneven healthcare development and a fragmented market pose challenges that need to be addressed for continued market growth.

Key Players:

The phlebotomy equipments market is fragmented with a mix of global and regional players. Some of the key players in the market include:

Becton Dickinson and Company (US)
Terumo Corporation (Japan)
Sarstedt AG & Co. (Germany)
Greiner Bio-One International GmbH (Austria)
Roche Diagnostics (Switzerland)
BD (Becton, Dickinson and Company) (US)
Medtronic (Ireland)
Cardinal Health (US)
Sharn Medical Ltd. (UK)
Jiangsu Hengrui Medicine Co., Ltd. (China)

Market Segmentation:

The phlebotomy equipments market can be segmented based on various factors such as product type, application, end-user, and geography.

Product Type

Needles
Syringes
Safety Lancets
Blood Collection Tubes
Blood Collection Sets
Others (Butterfly needles, Tourniquets, Alcohol swabs, Sharps containers)

Application

Venipuncture
Arterial Puncture
Capillary Puncture
Blood Gas Analysis

End-User

Hospitals & Clinics
Diagnostic Laboratories
Ambulatory Surgical Centers
Home Care Settings

Geography

North America
Europe
Asia Pacific
Latin America
Middle East & 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

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

Growing Demand for Chemical-Free Food Drives Global Green Fertilizer Market Growth: FMI Report

As per the reports published by FMI, the global green fertilizer market is projected to have an average-paced CAGR of 4.5% during the forecast period. The current valuation of the market is US$ 2,145.73 Million in 2023. The market value of the green fertilizer market is anticipated to surpass a market valuation of US$ 3,332.26 Million by the year 2033. A historical market valuation of US$ 2,053.33 Million has been recorded by the analysts of Future Market Insights for the concerned market during the base year.

FMI has analyzed that the urban population is becoming more concerned about their health they are increasingly focusing on the consumption of food that is free and devoid of chemical or synthetic substances. This is identified as a key element impelling the farmers to tilt towards the adoption of green fertilizers.

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There are several advances made in the technological field to manufacture green fertilizers by utilization of genome and biotechnological tools. Furthermore, stringent regulations imposed by the government to reduce carbon footprints and sustainable techniques for the production of healthy crops are identified to segment the growth of the market through the forecast period.

However, a high cost associated with the production of green fertilizers, coupled with the high availability of synthetic fertilizers at cheaper prices is anticipated to hinder the pace of advancement through 2033.

Key Takeaways from the Green Fertilizers Market

The green fertilizers market has witnessed an approximate surge of US$ 92.4 Million from the base year to the current.
The alkaline water electrolysis segment is projected to advance at a moderate pace, recording a CAGR of 6.5% through 2033. This segment is likely to surpass a valuation of US$ 121.36 Million by 2033.
The nitrate-based fertilizer segment registered a CAGR of 5.3% in 2023 and is currently holding a market value of US$ 64.09 Billion.
The North American Region is expected to hold dominant shares through the forecast period and is advancing at a CAGR of 6.3% in 2023.

“Increasing demand from farmers for fertilizers that have relatively long shelf-life, and easy transportation is likely to create lucrative growth opportunities for the green fertilizer manufacturers.” – Says an FMI Analyst.

Competitive Landscape in the Green Fertilizers Market

The key market players operating in the green fertilizers market are embarking upon new product launches that include plant-based green fertilizers. Due to the existence of numerous international and regional companies, the market for green fertilizers.

To strengthen their position in the market, major players are implementing a variety of methods, including product portfolio growth and regional development. The key players are adopting various business strategies, such as mergers and acquisitions, to expand their geographic presence and consumer base across the world.

Yara International ASA, Siemens Energy, Origin Energy Limited, Iberdrola, S.A., HY2GEN AG, and Hive Energy are some of the key players in the market.

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Key Segments in the Green Fertilizer Market

By Technology:

Alkaline water electrolysis
Proton Exchange Membrane
Solid Oxide Electrolysis

By Fertilizer:

Packaging
Ammonium nitrate (AN)
Calcium ammonium nitrate (CAN)

By Region:

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

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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

Keeping Their Cool: Cooling Fans Market Blows Hot with Sales Growth of 10.4% CAGR by 2032

The global market size for cooling fans reached approximately US$ 7.9 billion in 2022 and is expected to exceed a valuation of US$ 21.2 billion by 2032. Moreover, fueled by the rapid expansion of industries such as automotive and consumer electronics, overall cooling fan sales are projected to experience a remarkable Compound Annual Growth Rate (CAGR) of 10.4% from 2022 to 2032.

The global cooling fans market is experiencing a significant upswing, driven by a confluence of technological advancements and a growing focus on sustainability.

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Cooling Down, Powering Up: A Crucial Component in Modern Technology

Cooling fans play a vital role in dissipating heat from various devices, ensuring optimal operating temperatures and preventing damage. They hold a significant share (20-25%) of the global fan market, and this dominance is poised to grow further:

Hybrid Electric Vehicles: The rising production and sales of hybrid electric vehicles are driving the demand for cooling fans as they play a crucial role in managing battery temperature.
Essential for Device Performance: Across diverse industries, from automotive and consumer electronics to telecom and industrial sectors, cooling fans are essential for maintaining optimal operating temperatures and ensuring efficient device performance.

A Breath of Fresh Air for the Future

Several key trends are expected to propel the cooling fans market in the coming years:

Data Center Boom: The ever-expanding need for data storage and processing necessitates efficient cooling solutions, driving demand for cooling fans within data centers.
Electric Vehicle Evolution: The growing popularity of electric and hybrid vehicles directly translates into increased demand for cooling fan technology.
Sustainability at the Forefront: As the focus on extending the lifespan of machinery and electronic appliances intensifies, cooling fans will play a crucial role, promoting market growth.

A Cooling Forecast for the Future

The global cooling fans market demonstrates a bright outlook. Fueled by the rapid evolution of the automotive and electronics industries, the expansion of data centers, and a growing emphasis on sustainability, the market is well-positioned for continued expansion. As innovative cooling fan solutions empower technologies and promote efficient device operation, both businesses and consumers stand to benefit from this crucial market segment.

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Key Takeaways from the Cooling Fans Market Study

By type, centrifugal cooling fans segment is anticipated to grow at 5.4% CAGR through 2032.
In terms of application, industrial segment holds the largest share of 37.2% in the global cooling fans market.
Based on sales channel, the online retailing segment is forecast to grow at a CAGR of 5% over the projection period
North America and Europe together hold the major share of around 2% in the global cooling fans market.
The U.S. cooling fans market is projected to expand at 5.7% CAGR between 2022 and 2032.
The overall cooling fans market in Japan is likely to grow at 9.2% CAGR during the forecast period.

“Cooling fan’s providers are concentrating on expanding their product portfolios by introducing innovative products at affordable prices. This will help them to increase their revenue share over the projection period”, says an FMI analyst.

Who is Winning?

Leading manufacturers of cooling fans are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of cooling fans market globally.

Leading players operating in the global cooling fans market are

Delta Group
MinebeaMitsumi Inc. (NMB Technologies Corporation)
SUNON Group
Nidec Corporation
EBM-Papst Group
Ziehl-Abegg SE
Aerovent
Horton, Inc.
SPAL Automotive
DENSO
S.P. Plastic Industries
ADDA
AVC
AMETEK.Inc
Rosenberg
Multi-Wing America
Flexxaire
Other Key Manufacturers (As per requirement)

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Global Cooling Fans Industry by Category

By Type:

Axial Fans
Centrifugal Fans
Others

By Application:

Consumer Electronics
Telecom/Datacom
Automotive and Transportation
Industrial
Others

By Sales Channel:

Direct Sales
Specialty Stores
Multi-brand Stores
Online Retailing
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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

Silicone Surfactants: Fueling the Growth of the Global Cosmetics Industry

As of 2023, the global silicone surfactants industry holds a valuation of US$ 2.08 billion and is projected to exhibit a Compound Annual Growth Rate (CAGR) of 4.66%. The market’s anticipated growth is attributed to the rising prominence of the cosmetic care industry, which is expected to drive the market value to reach US$ 3.28 billion by 2033. This substantial expansion underscores the pivotal role of silicone surfactants in diverse applications within the cosmetics sector, reflecting a promising trajectory for the industry in the coming decade.

Demand for silicone surfactants has been rising owing to their utility in the cosmetics industry. Personal care and grooming have become an important part of people’s lifestyles. This is driving the demand for cosmetic products.

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Silicone surfactants are used in a wide range of personal care products such as shampoos, hair conditioners, body washes, and soaps, along with other skincare products, among others. Silicone surfactant is used as an ingredient in a variety of products, such as foaming agents, dispersants, emulsifiers, solubilizing agents, cleansers, and conditioners, among others, in the personal care industry.

The major factor driving the market is a growing demand from the personal care industry. The personal care industry is expected to account for the largest share of the silicone surfactant market over the forecast period.

The silicone surfactants market is currently growing due to the rising application scope in manufacturing paints, coatings, and inks. Silicone surfactants are primarily organic compounds derived from petrochemical raw materials such as benzene and ethylene, or oleo chemical raw materials such as palm oil or coconut oil.

Key Takeaways from the Market Study

As of 2023, the silicone surfactants market was valued at US$2.08 Billion
From 2023 to 2033, the silicone surfactants industry is poised to grow at a 4.66% CAGR
By 2033, the silicone surfactants market is slated to reach a valuation of US$3.28 Billion
By application, the emulsifier segment accounted for the largest share of 31.5% and is expected to continue this trend over the forecast period.
China is poised to yield a CAGR of 4.56% with respect to silicone surfactants in 2033

“Increasing penetration of silicone surfactants in the personal care, paints and coatings, textile, and construction industries are expected to radically transform the silicone surfactants market in the coming years,” comments an analyst at FMI.

Competitive Landscape

DOW Inc., Innospec, Momentive, Elkem Silicones, Shin-Etsu Chemical Co., Ltd., Evonik Industries AG, Andisil, Supreme Silicones, Siltech Corporation, Silibase Silicone are some of the key players in the silicone surfactants industry.

The manufacturers are involved in the production of silicon surfactants in a larger capacity. The global silicone surfactants market is consolidated with the presence of major international players. However, the presence of small- and medium-sized domestic players makes the market highly competitive

In July 2022 – Shin-Etsu Chemical has developed a high-strength inorganic thin-film coating liquid with excellent antibacterial and antiviral properties suitable for surface functionalization of building materials.
In December 2020- Elkem has completed and opened a new production workshop in Shanghai, China, dedicated to the development and manufacturing of specialised silicones for hybrid and electric vehicles. This move further strengthens Elkem’s position as the largest silicones producer in China.
In July 2022 – The Momentive Performance Materials group, announced that it is has signed a purchase agreement which will keep the company’s headquarters in the Capital Region by relocating its global Corporate Headquarters from Waterford, N.Y., to the former SI Group location on Balltown Road in Niskayuna, N.Y.
In January 2021 – Momentive Performance Materials, Inc. announced it has reached a definitive agreement to acquire KCC Corporation’s (“KCC”) Silicones business – in Korea and the UK as well as its sales operations in China – further enhancing Momentive’s global capabilities in advanced silicones and specialized applications.

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More Valuable Insights Available

FMI, in its new offering, presents an unbiased analysis of the silicone surfactants market, presenting historical demand data (2018-2022) and forecast statistics for the period of 2023-2033.

The study divulges essential insights on the Silicone Surfactants Market by Application (Emulsifiers, Foaming Agents, Defoaming Agents, Wetting Agents, Dispersants, Others) By Type (Water Soluble, Oil Soluble) by End-User (Personal Care, Construction, Textile, Paints & Coatings, Agriculture, Others) By Region – Global Forecast 2023-2033.

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

Revolutionizing Healthcare: Global Medication Management System Market Set to Reach US$ 9.0 Billion by 2033

The global medication management system market is poised for remarkable growth, projected to surge from US$ 2.7 billion in 2023 to an astounding US$ 9.0 billion by 2033. This exponential rise, boasting a compelling compound annual growth rate (CAGR) of 12.4%, underscores a transformative era in healthcare dynamics and technology integration.

At the forefront of this evolution stands medication management software, spearheading a revolution in inventory control, Adverse Drug Event (ADE) mitigation, and the streamlined dispensation of medicines. The escalating investment by hospitals to fortify workflow efficiencies, coupled with rapid advancements in medical technology, serves as a catalyst for the market’s expansion.

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“Medication management systems play a pivotal role in enhancing patient safety and optimizing healthcare delivery,” remarked FMI. “As the healthcare landscape continues to evolve, leveraging innovative solutions becomes imperative for healthcare providers to meet the growing demands for efficiency and patient care quality.”

Key drivers fueling the growth of the medication management system market include:

Technological Advancements: Rapid developments in medical technology are enabling more sophisticated medication management solutions, enhancing their effectiveness and usability.
Investment in Workflow Efficiencies: Hospitals are increasingly investing in technologies that optimize workflow efficiencies, reducing administrative burdens and improving patient outcomes.
Patient Safety Concerns: The focus on patient safety continues to drive the adoption of medication management systems, particularly in mitigating Adverse Drug Events (ADE) and ensuring accurate dispensation of medications.

As the demand for robust medication management solutions surges, industry players are poised to capitalize on this growth trajectory, driving innovation and setting new benchmarks in patient care.

Key Takeaways:

The global medication management solutions market is estimated to capture a valuation of US$ 9.0 billion with a CAGR of 12.4% by 2033.
In the historical period, the global market secured a CAGR of 8.4% during the forecast period.
The United States is anticipated to dominate the global market by capturing a share of 48.4% during the forecast period.
Japan is estimated to secure a share of 3.4% in the global market by 2033.
With a share of 6.4%, Germany is significantly driving the global market during the forecast period.

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Key Players:

Omnicell, Inc.
Cerner Corporation
McKesson Corporation
Medication Management Systems, Inc.
Talyst
GE Healthcare
Becton
Dickinson and Company
Allscripts

Medication Management System Market by Segmentation:

Software Type:

Computerized Physician Order Entry
Clinical Decision Support System Solutions
Electronic Medication Administration Record
Inventory Management Solutions
Other Software Types

End Use:

Hospitals
Pharmacies
Other Healthcare Institutions

Mode of Delivery:

On-Premise Solutions
Web-Based Solutions
Cloud-Based Solutions

By Region:

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

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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