Market Research Blog – Page 706 – New Product Development

Global Agriculture Packaging Market to Reach USD 11.4 Billion by 2033 with a 5.3% CAGR

North America is poised for robust growth in the agriculture packaging market, with its revenue share expected to increase from 22.8% in 2022 to 24.1% by the end of 2023, driven by a projected CAGR of 5.2%. The region, led by the United States capturing 20.8% of the global market share in 2022, benefits from advanced packaging technologies and a strong presence of industry leaders. Increasing demand for sustainable packaging solutions adds to the growth trajectory, promising new avenues for expansion.

Key Insights on the Agricultural Packaging Market

Market Size in 2023: The agricultural packaging market is valued at US$ 6,831 million in 2023.
Growth Forecast: The market is forecast to register a compound annual growth rate (CAGR) of 5.3% through 2033.
Projected Market Size in 2033: By 2033, the global market size is projected to reach US$ 11,449.1 million.
Historical Performance: From 2018 to 2022, the market grew at a CAGR of 4.8%.
Prominent Market Drivers: The growing demand for agrochemicals is a significant driver fueling market expansion. This demand is primarily driven by the need for crop protection chemicals due to increasing pest attacks.
Growth Prospects in North America:

North America accounted for 22.8% of the revenue share in 2022 and is expected to accumulate a 24.1% market share by the end of 2023.
The market in this region is projected to grow at a CAGR of 5.2% during the forecast period.

Impact of Agrochemical Demand: The rise in pest attacks is increasing the demand for fertilizers and pesticides, which are toxic and require advanced packaging materials for safe storage, handling, and transportation. This trend is driving the demand for agricultural packaging solutions tailored to agrochemicals.

These insights provide a comprehensive overview of the agricultural packaging market’s current state, growth trajectory, and key drivers, particularly focusing on the influence of agrochemical demand and regional growth dynamics.

Key Market Drivers:

Supply Chain Efficiency: With over 90% of food waste in emerging countries occurring during storage and transportation, as highlighted by the Birmingham Energy Institute, there is a growing awareness of the need for efficient and sustainable agricultural packaging solutions to minimize food product loss.
Innovations and Population Growth: Innovations in farming processes and the growing global population are fostering demand for food and, consequently, for agricultural packaging. The improved shelf life of biologicals and agrochemicals also contributes to market expansion.
Eco-Friendly Packaging: Increased awareness and adoption of eco-friendly packaging materials, such as paper and jute-based bags and pouches, are helping companies retain their customer base and sustain market growth.
Use of Bulk Bags: The adoption of bulk bags for local and international transportation is becoming an industry standard due to their reliability, affordability, and durability, ensuring agricultural products arrive in optimal condition with minimal damage.

Apart from this, the surging adoption of agrochemicals will give tailwinds to the sales of agricultural packaging.

Among various products, the bags/bins and pouches segment is forecast to grow at over 5.8% cumulatively over the forecast period, accounting for over 70% of market share in 2021. Meanwhile, in terms of materials, the plastic agriculture packaging segment will gain traction in the market due to easy availability of plastics.

Growth prospects for the North America market are likely to remain positive driven by increasing export and production of agriculture packaging products in the U.S. As per FMI, the North America market for agricultural products will expand at 4.4% in 2021.

“ Increasing investment in research and development activities in the packaging industry will boost the market. Besides this, the implementation of strict laws regarding usage of non-biodegradable packaging for insecticides and pesticides will create a conducive environment for growth ,” said a FMI analyst.

Competitive Landscape

Agricultural packaging market manufacturers are focusing on acquisitions, partnerships and new product offerings to expand their market footprint and gain a competitive edge in the market.

For instance, in 2021, Mondi announced the acquisition of Olmuksan, a leading Turkish corrugated packaging producer. With this acquisition, Mondi expands its presence in the region, fostering operational improvements and paper integration upside.

In 2021, Polysack, a global leader for manufacturing flexible packaging film products, collaborated with an Italian packaging manufacturer Flessofab and introduced a series of recyclable, eco-friendly, and stand up pouch packaging for large variety of applications.

Key Companies Profiled

Bemis Company, Inc.
Sonoco Products Company
Mondi Group
LC Packaging International BV
Packaging Corporation of America
B. Fuller Company
Atlantic Packaging
NNZ Group
Parakh Agro Industries Ltd
International Paper Company
DS Smith Plc
Smurfit Kappa Group Plc
KapStone Paper and Packaging Corp.

Access Full Report: https://www.futuremarketinsights.com/reports/agriculture-packaging-market

Key Segments Profiled in the Agriculture Packaging Devices Market Industry Survey

Product Type:

Pouches
Bags/Bins
Silo Bags
Clamshells
Bottle
Trays
Bulk Containers
Others

Material Type:

Plastic
Rigid
Flexible
Paperboard
Corrugated Board
Glass
Jute
Others

Barrier Type:

Low-barrier
Medium-barrier
High-barrier

Application:

Seeds & Pesticides
Silage
Food Grains
Vegetables & Fruits

Region:

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

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Returnable Plastic Crate Market Set to Reach USD 2.9 Billion by 2033, Growing at a CAGR of 5.4% from 2023 to 2033

The global returnable plastic crate market is projected to experience significant growth, expanding from an estimated USD 1.7 billion in 2023 to USD 2.9 billion by 2033. With a compound annual growth rate (CAGR) of 5.4% during the forecast period, the market is driven by innovations in materials, compliance with environmental standards, and increasing demand across industries such as agriculture, automotive, and retail.

One of the major factors contributing to the growth of the returnable plastic crate market is reusable packaging as a service (RPaaS. Some companies offer reusable packaging as a service, where they manage the entire lifecycle of returnable plastic crates for businesses, reducing the burden of maintenance and management for end users.

Key Market Trends and Highlights

Government Regulations and Industry Standards: In several regions, government regulations and industry standards promote the use of returnable packaging to reduce environmental impact. Compliance with these regulations creates opportunities for the market and encourages businesses to adopt sustainable packaging solutions.
Innovations in Plastic Materials and Crate Design: Innovations in plastic materials and crate design have enhanced the durability and functionality of returnable plastic crates. The integration of RFID and tracking technologies has further improved the management of returnable packaging systems, enhancing efficiency and traceability.
Customization and Branding: The ability to customize returnable plastic crates to suit specific product requirements and branding needs has become a trend. The flexibility offered by customizable crates makes them attractive to a wide range of industries seeking to enhance their brand presence and product presentation.
Growth of Key Industries: The growth of industries such as agriculture, automotive, and retail, which rely on efficient transportation and storage of goods, presents opportunities for the returnable plastic crate market. Returnable crates offer advantages in terms of durability, cleanliness, and ease of handling, making them indispensable in these sectors.

Key Takeaways from the Market Study

The global returnable plastic crate market was valued at US$ 1.6 billion by 2022 end.
From 2018 to 2022, the market demand expanded at a CAGR of 5.0%.
The market in India is expected to expand at a CAGR of 6.5% through 2033.
By material, the HDPE segment will account for a share of 49.5% in 2023.
From 2023 to 2033, the returnable plastic crate market is expected to flourish at a CAGR of 5.4%.
By 2033, the market value of returnable plastic crates is expected to reach US$ 2.9 billion.

Key Drivers of Market Growth

Growing Environmental Awareness: The adoption of returnable plastic crates is driven by growing environmental awareness and a shift towards sustainable packaging solutions. These crates are reusable, reducing the need for single-use packaging and contributing to waste reduction efforts.
Economic Benefits: Companies recognize the economic benefits of using returnable plastic crates, despite higher initial investment costs. The long-term cost savings, in terms of reduced packaging expenditure and waste disposal costs, make them an attractive option for businesses seeking to optimize their operations.
Optimization of Supply Chain Operations: Returnable plastic crates are designed to optimize supply chain and logistics operations. Their stackable design, durability, and lightweight nature make them ideal for efficient transportation and storage, reducing transportation costs and minimizing product damage.
Advantages in Food Safety and Cleanliness: In industries such as agriculture, food processing, and pharmaceuticals, returnable plastic crates offer advantages in terms of cleanliness and food safety. They are easy to clean and sanitize, reducing the risk of contamination and ensuring the integrity of stored products.

Competitive Landscape

Prominent players in the returnable plastic crate market are Brambles Limited, Myers Industries Inc., Supreme Industries Limited, Schoeller Allibert Services B.V., DS Smith PLC, Rehrig Pacific Company Inc., TranPak Inc., IPL Plastics Inc., RPP Containers, Craemer UK Limited, Dynawest Limited, Dolav UK Limited, Ravensbourn Limited, Zhejiang Zhengji Plastic Industry Co. Ltd., and Stamford Products Limited, among others.

Key Companies Profiled

Brambles Limited
Myers Industries Inc.
Supreme Industries Limited
Schoeller Allibert Services B.V.
DS Smith PLC
Rehrig Pacific Company Inc.
TranPak Inc.
IPL Plastics Inc.
RPP Containers
Craemer UK Limited
Dynawest Limited
Dolav UK Limited
Ravensbourn Limited
Zhejiang Zhengji Plastic Industry Co. Ltd.
Stamford Products Limited

Access Full Report: https://www.futuremarketinsights.com/reports/returnable-plastic-crate-market

Returnable Plastic Crates Market By Category

By Capacity :

Less than 10 Kg
10 Kg to 20 Kg
21 Kg to 35 Kg
36 Kg to 50 Kg
Above 50 Kg

By Product Type :

Stackable
Nestable
Collapsible

By Material :

High-Density Polyethylene (HDPE)
Polypropylene (PP)
Others

By Application :

Agriculture
Grocery
Dairy
Bakery
Seafood & Meat
Others

By Region :

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific (APAC)
Middle East and Africa (MEA)
Japan

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Heat Transfer Film Market Estimated to Reach USD 4.4 Billion by 2034, Growing at a CAGR of 5.6% from 2024 to 2034

The global heat transfer film market is set to experience robust growth over the next decade, with an estimated market value of USD 2.6 billion in 2024. The market is projected to grow at a compound annual growth rate (CAGR) of 5.6%, reaching USD 4.4 billion by 2034. This growth is fueled by increasing demand from industries such as textiles, automotive, electronics, and packaging, which seek versatile and efficient printing solutions.

The global heat transfer film market is poised for substantial growth in the coming years, driven by advancements in printing technology and the increasing demand for customized apparel and promotional products. This market is expected to see significant expansion due to its application across various industries, including textiles, automotive, and packaging. Innovations in film materials and the rising trend of sustainable and eco-friendly printing solutions further bolster the market’s potential. As businesses seek efficient and cost-effective methods to enhance their product aesthetics and branding, the demand for heat transfer films is anticipated to rise, solidifying its importance in the global manufacturing landscape.

Key Points on the Heat Transfer Film Market

Market Size in 2024: The heat transfer film market is expected to reach US$ 2.6 billion in 2024.
Top Material Type: Polyurethane (PU) / PU blends are the preferred material types in the heat transfer film market.
Leading Countries: The United States, China, Germany, India, and the United Kingdom dominate the heat transfer film market.
Growth Outlook for 2034: By 2034, the market is anticipated to exceed US$ 4.4 billion, indicating substantial growth potential.
Sales Forecast (2024-2034): The heat transfer film market is expected to grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2034, driven by increasing applications and technological advancements.

These points summarize the current and projected landscape of the heat transfer film market, highlighting significant growth opportunities and key market dynamics.

Overview of the Heat Transfer Film Market

Heat transfer film is a versatile solution used in dry printing applications, efficiently transferring ink pigment and a metalized layer from a film onto various products. It plays a critical role in the textile industry, enhancing product aesthetics and brand identity by imprinting patterns or logos on materials like cotton, polyester, and their blends.

Key Market Dynamics

Versatility and Applications: The growing demand for heat transfer films is fueled by their versatility and precise printing capabilities. They are essential in industries seeking high-performance, lightweight materials to meet evolving technological and engineering demands. Heat transfer films are particularly valued for their ability to enhance product aesthetics and offer durable, vibrant colors and enhanced image clarity, making them popular in sectors such as sportswear and signage.
Sustainability and Innovation: Advancements in film materials and printing techniques have significantly improved the performance of heat transfer films, making them more durable and environmentally friendly. This aligns with the increasing focus on sustainable and recyclable materials in the manufacturing sector, further boosting the adoption of heat transfer films as a substitute for conventional decorating techniques.
Global Expansion and Consumption Trends: The globalization of markets has expanded the reach of heat transfer films to new regions and industries, driving increased consumption worldwide. Their ease of application and ability to cater to personalized and aesthetically pleasing products further enhance their market penetration across various consumer goods sectors.

Country-wise Insights

The outlook for the heat transfer film market varies globally. While the US market shows slow growth (3.4% CAGR), regions like China (5.8% CAGR) and India (6.8% CAGR) are expected to boom. This is driven by factors like affordability, rising demand for personalized goods, and growth in sectors like textiles and electronics. The UK (4.1% CAGR) is also projected for steady growth due to innovation in film materials and printing. Meanwhile, Germany’s established printing industry fuels demand for high-quality heat transfer films (3.0% CAGR). These trends suggest a promising future for heat transfer film, particularly in regions embracing personalization and new technologies.

Key Companies

Stahls’ Inc.
Armor Group
Chemica US Corp
Dae Ha Co. Ltd.
Innovia Film Limited
Avery Dennison Corp
Siser Srl
Hexis Corporation
Poli-Tape Group
Hanse Corporation
Dynatex Textiles Ltd.
Sunmicrotek Group
MINSEO Co. Ltd.
Shinhan Co., Ltd.
Unimark Heat Transfer Co.
SEF Americas
Advanced Display Materials
FOREVER GmbH
ITL Group (Apparel Label International)
RTape Corp. (Nekoosa Coated Products Company)

Key Coverage in the Heat Transfer Film Industry Report

Demand Analysis for PU-based heat transfer film in textile printing
Opportunity Breakdown in the Heat Transfer Paper Market
Top 10 Companies Operating in Heat Transfer Film Market in the United States
Potential for the Heat Insulating Film Market in Asia Pacific, Europe, and North America
Global Average Pricing Analysis Benchmark for the Heat Transfer Vinyl Market

Access Full Report: https://www.futuremarketinsights.com/reports/heat-transfer-films-market

Heat Transfer Films Industry by Category

By Material:

Polyuréthane (PU) /PU Blendes
PVC

By Substrate Material:

Cotton
Polyester
Cotton-Poly Blends
Others

By Product Type:

Opaque
Clear
Glossy & Metallic
Vented

By End-Use Industries:

Textile
Food & Beverages
Healthcare
Personal Care
Others

By Region:

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

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Fatty Esters Market: Notable Developments & Geographical Outlook

The global fatty esters industry size is expected to secure USD 3.4 Billion while exhibiting a 4.40% growth rate during the 2022 to 2032 forecast period. The market was estimated at USD 2.1 Billion in 2021 and is likely to reach USD 2.2 Billion in 2022. Growth of the market can be attributed to the extensive usage of fatty esters in a wide range of industries, including cosmetics & personal care, as well as biofuels.

Growing demand for fatty esters for industrial applications owing to their environment friendliness is expected to augment market growth over the forecast period. The increasing use of fatty esters in end-use industries such as food, biochemical, and agricultural is expected to boost the growth of the market during the forecast period.

On the contrary, inadequate availability of raw materials is also one of the major factors affecting the growth of the market. In addition, the lack of properly developed infrastructure in underdeveloped nations is a major disadvantage faced by the market and is another factor projected to hamper the industry growth in the forecast period.

Key Takeaways from the Report

By type, the fatty acid methyl esters (FAME) segment is expected to record a 4.1% CAGR by 2032
By application, the synthetic lubricant segment to expand at a 3.9% growth rate during the forecast period.
The U.S market to garner US$ 1.2 Billion and record a 4.3% CAGR from 2022-2032
Market in China to procure US$ 235 Million, expanding at a 3.9% growth rate during the assessment period

“Growing demand of fatty esters for expansion of cosmetics industry across the globe is expected to drive the market in the forecast period. Also, the development of food, biochemical and agriculture industries is projected to play a vital role in strengthening the market.”

Competitive Analysis

Eminent players in the global fatty esters market include Faci Asia Pacific Pte. Ltd., KLK Oleo, Estelle Chemicals Pvt. Ltd., Evonik Industries, and DuPont, among others. In addition, the vendors are likely to leverage up-gradation and product differentiation to gain an edge over other competitors in the market. Recent key developments among players include:

In July 2021, Verbio AG signed a MoU (Memorandum of Understanding) with Indian Oil Corporation Ltd. The MoU will explore the possibility of creating a Joint Venture Company using Verbio’s technology and expertise in the production of biofuels (biomethane (CBG/BioCNG), bioethanol, and biodiesel) and marketing these biofuels through Indian Oil’s network.
In March 2021, Renewable Energy Group Inc. collaborated with Optimus Technologies. This collaboration delivers biodiesel to fleets across the United States. With Optimus’ new technology, biodiesel can be utilized as B100 in fleets, i.e., with 100% blended biodiesel.

Leading Companies Profiled in the Fatty Esters Market are

Faci Asia Pacific Pte. Ltd.,
KLK Oleo,
Estelle Chemicals Pvt. Ltd.,
Evonik Industries, and
DuPont,

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global fatty esters market presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of type (fatty acid methyl esters, polyol esters, sorbitan esters, sucrose esters and other types) and application (synthetic lubricants, pharmaceuticals, personal care products, food, biofuel application, and other applications) across five major regions (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America).

Key Segments Covered in the Fatty Esters Market Study

By Type:

Fatty Acid Methyl Esters (FAME)
Fatty Acid Polyol Esters
Fatty Acid Sorbitan Esters
Fatty Acid Sucrose Esters
Other Types of Fatty Esters

By Application:

Synthetic Lubricants
Pharmaceuticals
Personal Care Products
Food
Biofuel Applications
Other Applications

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

Source: Global Fatty Esters Market to be valued at US$ 3.4 Billion by 2032 – Future Market Insights, Inc.

About Future Market Insights (FMI)

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

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

Contact Us:

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

Ethylbenzene Market 2024 Development Status, Competition Analysis, Type and Application 2034

The ethylbenzene market size is expected to be valued at USD 23,053.6 million in 2024. Ethylbenzene has a storied history of usage in the petrochemical sector. As the oil and gas industry continues to spin its wheels, the demand for ethylbenzene is summarized to keep moving forward with momentum.

The market is set to register a CAGR of 3.5% over the period from 2024 to 2034. Ethylbenzene is majorly used in the production of styrene, a crucial material in the plastic material polystyrene. As demand for lightweight plastic materials like polystyrene keeps climbing, the application of ethylbenzene increases too.

By 2034, the market is set to acquire a valuation of USD 32,508 million. Aside from its famous use in petrochemical and packaging industries, there are other uses that are set to add considerable value to the market. The application of the compound in pesticides is suggested to spray the market with opportunities. Similarly, the use of ethylbenzene in paint is seeing the image of the market strengthen.

There are however factors that slow down the growth of the market. Exposure to ethylbenzene has been linked to various health problems, such as throat irritation and dizziness. The impact of the compound in advancing pollution, through air and water, is also looked down upon.

“Ethylbenzene faces a future marked with uncertainty. However, plenty of opportunities persist in the market. Making the production process of the organic compound more refined is suggested to be the way forward for market players,” says an analyst at FMI.

Key Takeaways from the Ethylbenzene Market

The ethylbenzene market is projected to be valued at US$ 23,053.6 million in 2024.
Ethylbenzene is predominantly applied to produce gasoline. Gasoline is expected to account for 43.8% of the market share in 2024.
Packaging tops the end user industry segment. For 2024, packaging end use is anticipated to account for 28.3% of the market share.
India is a promising country for the market. For the forecast period, the CAGR for India is estimated to be 5.2%.
China and Spain are pegged to be lucrative countries for the market. The CAGR for China and Spain over the forecast period is predicted to be 3.9% and 2.0% respectively.
The market is expected to register a CAGR of 2.0% in the United States over the forecast period.

Competition Analysis of the Ethylbenzene Market

The market is extremely competitive, with enterprises of all scales having room to grow. Refining the production processes and expanding production facilities are some of the concerns the top players are indulging in. Some of the prominent companies in the market include Cepsa Chemicals, Deten Quimica S.A., Chevron Phillips Chemical Company, and Honeywell International Inc.

Recent Developments in the Ethylbenzene Market

In December 2021, China Petroleum & Chemical Corporation (Sinopec) and LyondellBasell formed a joint venture by the name of Ningbo Zhenhai Refining & Chemical LyondellBasell New Materials Co.

In July 2022, a research team led by Hongyang Liu of the Chinese Academy of Sciences Institute of Metal Research came up with a cost-effective way of dehydrogenating ethylbenzene.

Key Segments of the Ethylbenzene Market

By Application:

Based on application, the ethylbenzene market can be segmented into the following segments: Gasoline, Diethylbenzene, Natural Gas, Paint, and Asphalt and Naphtha.

By End User Industry:

Based on the end-user industry, the ethylbenzene market can be segmented into the following segments: Packaging, Electronics, Construction, Automotive, Agriculture, and Others.

By Region:

The sector has been analyzed with the following regions covered: North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East and Africa.

Source: Ethylbenzene Market Poised for Steady Growth: Projected to Reach USD 32,508 Million by 2034 | Future Market Insights, Inc.

About Future Market Insights (FMI)

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Barium Carbonate Market 2022 | Present Scenario and Growth Prospects 2032

The global barium carbonate industry sales are projected to expand at a firm 4.8% CAGR during the forecast period between 2022 and 2032 finds Future Market Insights (FMI) in a recent market analysis. Barium carbonate is an inorganic compound, which is usually white in color and insoluble in water.

For Industrial usage, it is manufactured from barium sulfide with the treatment of sodium carbonate, although it occurs naturally and is known as Witherite. It is one of the most important compounds of Barium. Barium carbonate plays a vital role across diverse end-use industries such as construction, ceramics, electronics & others.

In the manufacturing of tiles, bricks, and blocks it is used which is further utilized in the building & construction industry. The growing construction & building industry is expected to favor the growth of the barium carbonate market. To prevent scumming in tiles & bricks, barium carbonate is used.

These tiles & bricks are extensively used in the construction industry hence growing construction activities are expected to increase the demand for barium carbonate. Apart from this, the electronics & ceramics industry also uses barium carbonate up to a certain extent. It is used in television glass, special glass, magnets, electrodes, enamels, and others.

“Over the assessment period, sales of barium carbonate are expected to be driven by the growing construction & ceramics industry across the globe followed by demand from the oil & gas and electronics industries,” says an FMI analyst.

Key Takeaways:

The bricks & tiles segment is projected to hold approximately 34% of the total market share in 2022.
The construction segment is anticipated to grow at 5.1% CAGR through 2032.
East Asia will emerge as an attractive barium carbonate market and is expected to create an incremental dollar opportunity of US$ 365.2 Million in the forecast period.
The ceramics segment will emerge as the leading end-user and is expected to reach about US$ 317.0 Million by the end of the forecast period.

Competitive Landscape

Key market participants of the barium carbonate market elaborated in the report include

Sakai Chemical Industry Co., Ltd.
Shaanxi Ankang Jianghua Group Co., Ltd
Chemical Products Corporation
Honeywell International Inc.
Nippon Chemical Industrial Co., Ltd
Ag Chemi Group
Kandelium
Hubei Jingshan Chutian Barium Salt Corporation Ltd.
Hebei Xinji Chemical Group Co. Ltd.
Zaozhuang Yongli Chemicals Co., Ltd
Guizhou Red Star Development Import And Export Co. Ltd.

Market players are strengthening their footprint by expanding their production capacity. Barium carbonate is in high demand in a variety of end-use industries including construction, ceramics, and others. Considering this, a few companies have acquired other players to broaden their reach. This will aid in the expansion of their product portfolio and global footprint.

For Instance:

In November 2020, Latour Capital and Solvay entered into an agreement where Latour acquired Solvay’s barium & strontium, and sodium percarbonate business conducted by Solvay’s German, Spanish & Mexican Subsidiaries and Divisions. This acquisition will help Latour to accelerate its growth. This step is taken by Solvay to streamline its product portfolio and align with its G.R.O.W. strategy.

More Insights into the Global Barium Carbonate Market Report

In its latest report, FMI offers an unbiased analysis of the Global Barium Carbonate market, providing historical data for the period of 2017-2021 and forecast statistics for the period of 2022-2032.

To understand the global market potential, growth, and scope, the market is segmented based on product form, application, end-use industry & region ( North America, Latin America, Europe, East Asia, South Asia & Pacific, and Middle East & Africa).

Barium Carbonate Market By Category

By Product Form:

Granular
Powder
Ultra-Fine

By Application:

Bricks & Tiles
Specialty Glass
Glazes
Enamel
Electro Ceramic
Others

By End-Use Industry:

Construction
Ceramics
Oil & Gas
Electronics
Others

By Region:

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

Source: Barium Carbonate Market Registers Steady 4.8% CAGR as Demand in Construction & Ceramics Industry Grows

About Future Market Insights (FMI)

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Rising Demand for Rare Gases in Space Exploration and Advanced Technologies Fuels Market Growth at 5.1% CAGR | FMI

According to Future Market Insights (FMI), the global rare gas industry is expected to grow at a 5.1% CAGR, reaching USD 6.5 Billion by 2034.

In the medical sector, helium gas is used in some of the most vital processes owing to its unique physical and chemical properties. Helium gas and oxygen are used to treat various diseases, including emphysema, asthma, and other respiratory diseases. It also finds applications in MRI scanners for generating images. This is anticipated to fuel sales of rare gases in the healthcare sector.

Similarly, argon is utilized as a surgical instrument in the healthcare sector. Coagulation of argon plasma is a non-contact technique that uses high-frequency stimulation of argon plasma to prevent bleeding through coagulation in surgical places.

Moreover, growing applications in the aerospace and aircraft industries are anticipated to create opportunities for rare gas market players. Xenon is used as a propellant for ion thrusters. As the number of space missions is increasing all around the world, the need for xenon gas is expected to increase.

Further, krypton is extensively used in the construction industry because of its effective insulation and energy efficiency in high-end triple and double-glass windows.

“Rare gas ionization provides a strong white light which is used in flashbulbs, fluorescent lamps, airport runway lights, and lasers. For brighter light, rare gas is effective for indoor light application. Growing demand for brighter light for various applications will fuel growth in the market over the forecast period,” says an FMI analyst.

Key Takeaways:

By supply mode, the cylinders segment will dominate the market and will account for a share of 67.3% in 2024.
In terms of applications, demand in the lighting segment will surge at a 4.8% CAGR over the forecast period.
The USA rare gas market will expand at a CAGR of 2.9% through 2034.
China will account for a dominant share in the East Asia rare gas market, with demand growing at a 5.7% CAGR through 2034.

Competitive Landscape

Air Gas,
Air Liquide,
Matheson Tri-Gas, Inc.,
Messer Group GmbH,
American Gas Products,
The Linde Group,
Air Products & Chemicals, Inc., and
Air Water Inc.

are some of the leading players operating in the global rare gas market.

More Insights into the Rare Gas Market Report

In its latest report, FMI offers an unbiased analysis of the global Rare Gas Market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022 to 2032. To understand the global market potential, its growth, and scope, the market is segmented based on gas type, application, supply mode, and region.

Key Segments Covered In Rare Gas Industry Research

By Rare Gas Type:

Argon
Krypton
Neon
Xenon
Helium

By Supply Mode:

Cylinders
Bulk & Micro Bulk
Drum Tanks
On-Site

By Application:

Healthcare
Manufacturing
Electronics
Laser
Lighting
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia Pacific
Rest of MEA

Source: Global Rare Gas Market to reach a valuation of US$ 6.5 billion by 2034 | Future Market Insights, Inc.

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Polymerization Initiator Market Key Trends and Innovations Driving USD 2,298.6 million Industry by 2034

The global polymerization initiator market is poised for remarkable growth, overcoming initial setbacks to achieve a Compound Annual Growth Rate (CAGR) of 4.9% from 2024 to 2034. Starting from a valuation of USD 1,430.7 million in 2024, the market is expected to soar to USD 2,298.6 million by 2034. This press release delves into the dynamics shaping the polymerization initiator market, including its growth projections, key drivers, and challenges faced by industry stakeholders.

Understanding the Polymerization Initiator Market

Polymerization initiators are crucial chemical compounds used to initiate the polymerization process in various manufacturing applications, including coatings, adhesives, and plastics. These initiators play a pivotal role in determining the properties of the final polymer products, influencing factors such as curing time, thermal stability, and overall performance. The demand for polymerization initiators is rising due to the need for innovative solutions in polymer production that align with industry trends toward efficiency, sustainability, and performance enhancement.

Polymerization Initiator Market Value and Growth Projections

According to recent market analysis, the Polymerization Initiator Market is expected to grow steadily over the next decade. In 2024, the market is projected to be valued at approximately USD 1,430.7 million. By 2034, it is forecasted to expand to USD 2,298.6 million, representing a significant increase driven by various factors influencing the polymer manufacturing landscape. This growth trajectory highlights the increasing reliance on advanced polymerization processes across multiple industries, including automotive, construction, electronics, and consumer goods.

Prominent Drivers of the Polymerization Initiator Market

Several key drivers are propelling the growth of the polymerization initiator market:

Demand for Fast-Curing Resins: The rising demand for fast-curing resins is significantly contributing to the market’s expansion. Industries are seeking efficient production methods that reduce curing times, leading to improved productivity and lower operational costs. Polymerization initiators facilitate this process by enabling quicker reaction times and enhanced polymer formation.
Emphasis on Eco-Friendly Solutions: As industries prioritize sustainability, there is a growing emphasis on environmentally friendly polymerization solutions. Manufacturers are increasingly adopting green chemistry practices, seeking initiators that minimize environmental impact while maintaining high-performance standards. This trend is steering investments toward the development of bio-based and low-toxicity polymerization initiators.
Technological Advancements: Continuous innovations in polymerization technology are driving interest in high-efficiency initiators. Recent advancements focus on enhancing control over polymer properties, enabling manufacturers to tailor products to meet specific performance requirements. This increased flexibility in polymer design is attracting investments and encouraging companies to explore new opportunities in the market.
Emerging Markets in the Asia Pacific: The Asia Pacific region is expected to be a key growth facilitator for the polymerization initiator market. Countries such as India and China are experiencing rapid industrial growth, leading to heightened demand for polymer products across various sectors. The region’s burgeoning polymer industry is creating lucrative opportunities for polymerization initiator manufacturers to expand their reach.

Key market participants of the polymerization initiators market elaborated in the report include

Arkema
United Initiators
Nouryon
LANXESS
Adeka Corporation
Fujifilm Wako Pure Chemicals Corporation
Chemorous
Otsuka Chemical Co Ltd
PAT Impex India
Jinan Qinmu Fine Chemical Co., Ltd.

Challenges Faced by the Polymerization Initiator Market

Despite the positive growth projections, the polymerization initiator market faces several challenges that could hinder its expansion:

Regulatory Compliance: The polymerization initiator industry must navigate a complex regulatory landscape, as many initiators are subject to stringent environmental and safety regulations. Ensuring compliance while maintaining product efficacy can be challenging for manufacturers.
Market Competition: The polymerization initiator market is becoming increasingly competitive, with numerous players vying for market share. Companies must continually innovate and differentiate their products to stay relevant in this crowded space.
Raw Material Availability: The availability and pricing of raw materials used in the production of polymerization initiators can be volatile. Fluctuations in the supply chain can impact production costs and, subsequently, market prices.
Technological Adoption: While technological advancements present opportunities, they also require significant investment. Smaller manufacturers may struggle to keep pace with rapid technological changes, potentially limiting their competitiveness in the market.

Polymerization Initiators Market by Category

By Type:

Peroxide
Persulfate
Azo Compounds
Others

By Application:

Polyethylene
Polypropylene
PVC
Polystyrene
ABS
Others

Old Source: Polymerization Initiators Market to Reach US$ 2.1 Billion, Globally, by 2032 at 4.9% CAGR: Future Market Insights

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Global Industrial Chain Drives Market Size Anticipated to Reach USD 6.5 Billion by 2033, Driven by 3.6% CAGR Growth | FMI Study

The global industrial chain drives market size is expected to exceed a valuation of USD 4.6 billion in 2023. It is anticipated to attain a valuation of USD 6.5 billion by 2033. The market is foreseen to thrive at a CAGR of 3.6% from 2023 to 2033.

Projects to build infrastructure, such as roads, bridges, railroads, and ports, are becoming more common in many nations. Heavy equipment like cranes, excavators, and loaders used in infrastructure development and construction depend heavily on chain drives. The growth of the industrial chain drives market is currently facilitated by the rise of infrastructure projects around the globe.

Energy and power generation in the industrial chain is another key factor for market expansion. In power plants, wind turbines, and hydroelectric facilities, chain drives are frequently utilized to transfer electricity from turbines to generators. Chain drives are becoming more and more necessary as the demand for energy rises in response to growth in population and industrial development.

Chain drives are widely used in the automobile industry for components like engines, power transmission systems, and steering mechanisms. The demand for chain drives is rising as a result of the expansion of the automotive sector, particularly in developing nations. The industrial chain drives the market growth in tandem with rising vehicle production and sales.

Specialty chains with specific characteristics and capabilities are required by certain sectors. For instance, there are strict standards for cleanliness, corrosion resistance, and accuracy in sectors like food processing, medicines, and electronics. The market for industrial chain drives is developing as a result of the rising demand for bespoke chains designed specifically for these sectors’ demands.

Manufacturers are introducing novel chain drive systems as a result of ongoing research and development activities. These solutions frequently come with better features, including higher customizability, lower noise levels, and improved durability. The market is expanding due to the availability of cutting-edge chain drives that meet certain industrial needs.

The industrial chain drives market is substantially influenced by North America, in particular the United States. The need for chain drives is fueled by the region’s sophisticated manufacturing sector, which includes industries including automotive, aerospace, and machinery production.

The region’s emphasis on technological development, automation, and process optimization in industries also contributes to the market’s growth. Its position in the industry is further aided by the existence of reputable manufacturers and suppliers in North America.

Key Takeaways from Industrial Chain Drives Market Report:

The global industrial chain drives industry size developed at a CAGR of 4.4% from 2018 to 2022.
In 2018, the global market size stood at USD 3.7 billion.
The global market size stood at USD 4.4 billion in 2022.
The double-pitch chain segment is projected to thrive at a CAGR of 3.4% from 2023 to 2033.
The manufacturing end-user segment is slated to exhibit a CAGR of 3.2% from 2023 to 2033.
China is predicted to showcase a CAGR of 3.5% from 2023 to 2033.
Japan is anticipated to thrive at a 3.5% CAGR from 2023 to 2033.
The market in the United States is predicted to expand at a CAGR of 3.5% from 2023 to 2033.

Key Players:

AB SKF
Chiaravalli Group Spa
Cross Morse
Daido Steel Co. Ltd.
Ditton pievadkezu rupnica
Dunbelt Bearings and Transmissions SA.
Industrias YUK S.A.
KettenWulf Betriebs GmbH
LEWCO Inc.
Martin Sprocket and Gear Inc.
Ramsey Products Corp.
Regal Rexnord Corp.
Renold Plc
Rubix Group Holdings Ltd.
The Timken Co.
Others

Industrial Chain Drives Market Segmentation:

By Type:

Single-strand Chain
Double Pitch Chain
Multi-strand Chain

By End User:

Manufacturing
Mining
Agriculture
Construction
Others

By Region:

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

Access Report Details for More In-Depth Information!

Author:

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

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

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

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Global Electric Resistance Welded (ERW) Pipes and Tubes Market Revenue to Exceed USD 119.4 Million by 2033, Driving 5.2% CAGR

The electric resistance welded (ERW) pipes and tubes market is poised for substantial growth, with a projected valuation of USD 71.9 million by 2023. This positive trajectory is anticipated to continue, fueled by an impressive Compound Annual Growth Rate (CAGR) of 5.2% from 2023 to 2033. Consequently, the market is on track to attain a formidable valuation of USD 119.4 million by 2033.

A primary driver behind this surge in the ERW pipes and tubes market is the global upswing in infrastructural development initiatives. Ambitious projects are unfolding on a global scale, spanning from towering skyscrapers to extensive oil and gas pipelines. These ventures are generating heightened demand for ERW pipes, given their indispensable role in various critical sectors and applications.

The post-pandemic resurgence in the electric resistance welded (ERW) line pipes segment has generated a notable upswing in the pipes and tubes market. This upturn has spurred leading entities in the oil and gas, as well as power industries, to formulate strategic initiatives for the deployment of cross-country line pipe infrastructure. Additionally, the recovery of oil and gas prices, coupled with the reinvigoration of concise budget allocations, is expected to create favorable growth prospects for the global Line pipes sector.

The heightened level of investment activities in key sectors such as power generation and automotive underscores the increasing commitment of governments worldwide to bolster infrastructural development projects, including those related to water and sewage systems. These investments are poised to serve as catalysts for market expansion and offer promising avenues for growth in the near future.

North America: A Lucrative Market with U.S. at the Helm

Market Dominance in North America

The electric resistance welded (ERW) pipes and tubes market in North America commands a substantial 51.6% market share, with the United States alone estimated to reach a market value of USD 21.4 million during the forecast period. Currently, the United States holds a 5.2% share in the global market, driven by robust economic growth in the region and increased activity across critical sectors such as oil, power, and refineries.

U.S. Growth Dynamics

The growth trajectory in the United States is primarily attributed to a resurgence in expenditure, particularly in the realm of energy infrastructure. The nation’s focused investments are poised to meet the escalating energy demand and ensure energy security.

Asia Pacific: Dominating the ERW Pipes and Tubes Market

Leading the Global Market

Asia Pacific emerges as the frontrunner in the global ERW pipes and tubes market, commanding a substantial revenue share of over 44%. Notably, China is projected to further bolster its position with a noteworthy CAGR of 5.1% from 2023 to 2033, translating to a substantial market value of USD 27.7 million.

Japan’s Impact

Japan also plays a significant role in this market, contributing notably with a CAGR of 4.3%, resulting in a market worth of USD 16.2 million. The region’s consumers are driving this growth, reflecting a robust demand for ERW pipe products.

Key Players Profiled:

Nippon Steel & Sumitomo Metal Corporation
EVRAZ North America
Northwest Pipe Company
TMK IPSCO, Welspun
Wheatland Tube Company
ChelPipe
Techint Group
JFE Steel Corporation
Arabian Pipes Company
ArcelorMittal SA

Key Segments Covered:

By Region:

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

By Type:

Pressure Tubing
Standard Pipes

By Application:

Oil and Gas
Chemical, Mining

Access Report Details for More In-Depth Information!

Author:

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

About Future Market Insights (FMI)

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

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