Market Research Blog – Page 825 – New Product Development

Growing Demand for Printing Inks Propels 2-Ethylhexyl Acetate Market Growth: FMI Projects USD 312.2 Million Valuation by 2029

Future Market Insights (FMI) has forecast the 2-EthylHexyl acetate market share to grow with a year-on-year growth of 4.5% in 2022 reaching a value of about USD 8.5 Million by 2022 end. The global sales are anticipated to witness a considerable CAGR of 4.6% during the period of 2022 and 2029.

High boiling point and good solvent power of 2-ethylhexyl acetate market size make it a popular solvent in the formulation of paints and coatings. Through continuous exploration of its properties, 2-ethylhexyl acetate is finding application in spray coatings and dip-coating technologies. Thus, the rising demand for paints & coatings, globally, is anticipated to fuel the demand for 2-ethylhexyl acetate.

Key Takeaways of 2-Ethylhexyl Acetate Market Study

Purity ≥ 99% is observed to be the most preferred grade type in the market, owing to increasing demand for high-quality products and tightening regulatory scenarios.
2-ethylhexyl acetate is used as a brightener in leather processing and as an additive in fragrance formulation. Increasing consumption of cosmetic & personal care products is estimated to drive the demand for 2-ethylhexyl acetate as a performance chemical. However, the slow growth of the leather industry can have a negative impact on the market.
2-ethylhexyl acetate is also used as a solvent in printing and screen inks. The demand for 2-ethylhexyl acetate is expected to rise, owing to increased consumption of printing inks in the packaging industry.
Emerging economies such as India, China, and Mexico are estimated to witness lucrative growth. The positive outlook for the automotive industry and the growth of the paints & coatings industry are major factors offering growth opportunities for the 2-ethylhexyl acetate market in these countries.

“2-ethylhexyl acetate is effectively being used as an alternative to conventional solvents, which have relatively higher levels of volatile organic components (VOCs). Increasing regulations regarding VOC components will propel the demand for 2-ethylhexyl acetate in the foreseeable future.”

2-Ethylhexyl Acetate Market: Competition Analysis

The global 2-ethylhexyl acetate market is significantly consolidated, with only a few leading market participants accounting for a high market share. The adoption of integrated business models for controlling the procurement of raw materials and supply chain networks is one of the key strategies adopted by leading market players. Continuous product & technological innovation and the development of customized solutions are a few of the key trends being observed in the market.

Some of the key players are

BASF SE
Eastman Chemical Company
Chemoxy International Ltd.
Polynt SpA
Changzhou Xiaqing Technological Co., Ltd.
Vijay Ajmera Group

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How will the market shape up?

Rapid industrialization across the globe and growing consumption of paints & coatings for both, decorative and protection purposes, will drive the demand for 2-ethyl hexyl acetate as an industrial solvent. Apart from this, 2-ethylhexyl acetate is also estimated to witness a rise in demand as an additive in cleaners and fragrance formulations. Shifting trends towards the adoption of water-borne coatings or high-solid coatings might hamper market growth in the foreseeable future.

What does the report offer?

The recent market study published by Future Market Insights offers a conclusive analysis of the global 2-ethylhexyl acetate market and delivers noteworthy insights through organized market research. The report offers an in-depth market analysis of historical performance from 2014 to 2018 and an opportunity assessment for 2022–2029. The market study provides comprehensive insights on different aspects of the 2-ethylhexyl acetate market based on purity, application, and end use, across the targeted seven regions.

2-EthylHexyl Acetate Market Market By Category

By Purity:

Purity ≥ 99%
Purity < 99%

By Application:

Industrial Solvents
Performance Chemicals

By End Use Industry:

Automotive & Aerospace
Paints & Coatings
Leather Industry
Cleaners & Paint Stripping System
Others

By Region :

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

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.

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Suite 401, Newark, Delaware – 19713, USA
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United States Non-commercial Acrylic Paint Industry Set for 4.5% Growth Amid DIY and Creative Expression Boom | FMI

Non-commercial Acrylic Paint in the United States

The demand for non-commercial acrylic paints in the United States is predicted to surge at a 4.5% CAGR through 2034. According to the estimates, the non-commercial acrylic paint industry in the United States is valued at USD 299.3 million in 2024 and is projected to surpass USD 466.5 million by 2034.

The growth of online communities devoted to creativity and the arts has widened access to educational materials and peer support for budding artists. Through social media groups, forums, and instructional videos, people can readily connect with other like-minded individuals, exchange useful tips and strategies, and request feedback on their work.

In addition to providing a supportive and encouraging environment, this virtual ecosystem acts as a catalyst for creativity, encouraging more individuals to take up a paintbrush and give acrylic painting a try. As more people get enrolled in these communities, the demand for non-commercial acrylic paints in the United States rises.

The emergence of e-commerce platforms has revolutionized the way people purchase art supplies, particularly acrylic paints that are not intended for commercial use. Online stores provide a huge assortment of goods, affordable prices, and the ease of buying whenever and wherever you choose.

Given their increased accessibility, acrylic paint businesses can now reach a wider audience outside of traditional brick-and-mortar storefronts. The non-commercial acrylic paints industry in the United States is experiencing tremendous development due to e-commerce, particularly among younger generations.

Note from the Analysts

“Strategic alliances and customization are essential for increasing revenues of the non-commercial acrylic paints industry in the United States. In order to maintain resilience in this dynamic market, businesses must swiftly adjust to satisfy the desires of environmentally concerned consumers.” Says a Lead Analyst at Future Market Insights (FMI).

Key Takeaways from the Report on Non-commercial Acrylic Paint Industry in the United States

The industry expanded at a 3.1% CAGR between 2019 and 2023.
The heavy-body acrylic type segment holds 61.8% of market shares in 2024.
The canvas application segment captured 34% of market shares in 2024.
The demand in the Northeast United States is projected to rise at a 26.3% CAGR through 2034.
The demand in the Southeast United States is anticipated to develop at a 19.7% CAGR through 2034.
The demand in the Southwest United States is projected to rise at a 14.5% CAGR through 2034.
The demand in the Midwest United States is anticipated to develop at a 17.2% CAGR through 2034.
The demand in the West United States is projected to rise at a 22.3% CAGR through 2034.

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Competitive Landscape

The non-commercial acrylic paints industry in the United States is highly competitive, with prominent companies striving for market share and brand domination. Established companies like Liquitex, Golden Artist Colors, and Winsor & Newton have a long history of quality, innovation, and product differentiation, which has helped them maintain their position as industry leaders.

These businesses retain a competitive advantage in the industry by using broad distribution networks, strong brand equity, and wide product portfolios, offering premium-grade acrylic paints customized to the requirements and preferences of both professional painters and enthusiasts.

Recent Developments

In April 2023, Up PaintTM, an upcycled paint company, introduced Up Box. It is a novel approach for the appropriate recycling of post-consumer water-based paint. It provides a sustainable alternative to traditional paint disposal procedures.
In August 2022, Engineered Polymer Solutions (EPS) launched EPS 2786, a new all-acrylic polymer for high-quality gloss interior and exterior architectural DIY and/or professional paints.

Key Companies Profiled

Golden Artist Colors, Inc.; Liquitex Artist Materials; Da Vinci Paint Co.; Chroma Atelier; Crafts 4 All; Daler-Rowney; Faber-Castell; Winsor & Newton; Koninklijke Royal Talens B.V.; Reeves; M. Graham & Co.; PEBEO SAS; HK Holbein Inc.; Decoart Inc.; Plaid; Crayola; AEM Hi Arts; Colors 4 Crafts; Matisse; Arteza; Madisi; Americana Acrylic; Shuttle Arata; Mont Marie; Color Technik.

Segmentation Analysis

By Type:

The industry trifurcates into fluid acrylics, heavy-body acrylics, and slow-drying agents by type.

By Grade:

The sector bifurcates into artist grade and student grade based on grade.

By Application:

Non-commercial acrylic paints find application in wood, metal, fabrics, ceramics, canvas, and paper.

By Sales Channel:

The sector bifurcates into online and offline based on sales channels.

By Region:

The industry analysis is conducted in the Southwest, Southeast, Midwest, Northeast, and West parts of the United States.

About Future Market Insights (FMI)

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Global Neopentyl Glycol (NPG) Market Size to Reach USD 2,418.4 million by 2033 | FMI

The global neopentyl glycol (NPG) market share is projected to reach a valuation of USD 2,418 million by 2033, with sales growing at an average CAGR of 4.6% from 2023 to 2033. The target market will likely reach an estimated USD 1,542.4 million in 2023. The neopentyl glycol market is expected to grow by 1.6 times during this observation period under the influence of increasing adoption of NPG in applications such as adhesives and sealants, paints and coating, lubricants, and plasticizers. As per FMI reports, in 2022, top players in the neopentyl glycol market accounted for about 60% to 65% of the global market share.

Neopentyl glycol is a crystalline substance with combustible characteristics. It is an organic compound that is chloroform, benzene, and water-soluble. The superior chemical and thermal stability of neopentyl glycol drives the growing demand in the international marketplace. It is estimated that low volatile organic compound (VOC) content will spur the demand for neopentyl glycol.

Owing to its excellent properties, NPG finds industrial applications in closed-system functional fluids, dyes, paint & coating additives, and lubricants. The rising adoption of NPG in lubricating engines of automobiles and aircraft will bode well for the market as the global aircraft and automobile industries are expected to prosper in the upcoming years.

Historically, the market observed a CAGR of 4.4% from 2018 to 2022. FMI predicts significant recovery from this growth rate with countries like India, Indonesia, Mexico, and Korea emerging as highly opportunistic markets for neopentyl glycol. This is due to the rapid development of the economies in these countries.

Again, attributes like superior resistance to weather, chemicals, and hot water, 65% water solubility, 210 degrees Celcius sublimation temperature, easy solubility in aromatic compounds, ethers, lower ketones, lower alcohol, and its hygroscopic and odorless natures encourage market growth of neopentyl glycol. Additionally, initiatives of regulatory agencies will also push for the adoption of NPG across multiple industrial verticals in the coming years. The market for neopentyl glycol looks at positive prospects in the upcoming years.

In spite of a positive outlook, the neopentyl glycol market is not without its share of limitations and restraints. The availability of alternatives and substitutes such as 2-Methyl-1, 3-propanediol, and ethylene glycols will have an adverse impact on the market. These alternatives are affordable and possess features that are ideal for specific products compared to NPG. This will likely act as a hindrance to the growth of the NPG market.

Key Takeaways:

Rapid industrialization will push India’s neopentyl glycol market to account for a 33.3% share in the South Asia market.
The strong presence of key manufacturers and the expanding paints and coatings industry will drive the market in the US.
Based on the form, the flakes segment will register high demand during the assessment period.
By end-use industry, the building and construction category will dominate the global market.

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Competitive Landscape

The international NPG market is a highly consolidated one with key players accounting for a significant portion of the market share. Leading market participants are focusing on product development, expanding their production capacities, and competitive pricing. Joint ventures, mergers, acquisitions, collaborations, and partnerships are also employed by these businesses. For example, in 2022, QQ Chemicals launched a new derivative of NPG while BASF SE declared its investment in a new NPG plant.

Key Companies Profiled

BASF SE
Eastman Chemical Company
MITSUBISHI GAS CHEMICAL COMPANY, INC.
OXEA GmbH
Wanhua Chemical Group Co., Ltd.
TCI Chemical Industry (India) Pvt. Ltd.
LG Chem Ltd.
Perstorp Holding AB
Shandong Dongchen Ind. Group. Corp.
Zouping Fenlian Biotech Co., Ltd.,
Hefei TNJ Chemical Industry Co., Ltd.

More Insights Into Neopentyl Glycol (NPG) Market

FMI offers the latest, unbiased, and detailed analysis of the global neopentyl glycol (NPG) market, providing historical data from 2018 to 2022 and forecast statistics for 2023 to 2033. For a comprehensive understanding of the global market potential, growth, and scope, the market is segmented on the basis of physical form, grade, application, end-use industry, and region.

According to the reports, based on segmentation, the flakes form will continue to dominate the global market as they are often used for synthesizing several materials. In terms of end-use, the building and construction sector will create high demand for NPG due to the growing need for paints, insulation materials, resins, and coatings. Based on region, the neopentyl glycol market in North America will present impressive growth with a market share of 13.1% during 2023 and 2033. This regional market will be mainly driven by the strong presence of market players in the US. The heightened popularity of eco-friendly and powder forms of paints and coatings coupled with increasing automobile production will also aid the growth of the market in North America. During the forecast period, countries like India, Japan, Germany, and China also contribute to the global growth of the neopentyl glycol market.

Neopentyl Glycol (NPG) Industry by Category

By Physical Form:

Flakes
Molten
Slurry

By Grade:

Pharmaceutical Grade
Technical Grade

By Application:

Paints & Coatings
Adhesives & Sealants
Lubricants
Plasticizers
Insulation Materials

By End-Use Industry:

Automotive & Transportation
Building & Construction
Industrial Plant & Equipment
Furniture & Interiors

By Region:

North America
Latin America
Europe
East Asia
South Asia and the Pacific
Middle East and Africa

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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Pharmaceutical and Nutraceutical Industries Propel Growth in Diketene Derivatives Market

The diketene derivatives market size is a niche segment within the specialty chemicals industry that has been gaining traction in recent years. Diketene is a versatile organic compound with two ketone groups, and its derivatives find applications in various industries, including pharmaceuticals, agrochemicals, and plastics.

According to the report’s findings, the demand for diketene derivatives in the agrochemical, pigment, and dye, and pharmaceutical and nutraceutical industries is predicted to rise significantly between 2018 and 2028. The market for diketene derivatives was valued at US$ 324.9 million in 2017 and is anticipated to grow at a CAGR of 8.2% from 2018 to 2028.

Increasing production of medicines, vitamins, pesticides, and paints and coatings, among others, has resulted in a drastic increase in the demand for diketene derivatives, which are used as intermediates in their production. This explains the projected high growth of the diketene derivatives market during the forecast period.

Market Dynamics:

Growing Demand in Pharmaceuticals: Diketene derivatives play a crucial role in pharmaceuticals, especially in the synthesis of active pharmaceutical ingredients (APIs). The pharmaceutical industry’s ongoing research and development efforts are driving the demand for Diketene derivatives as versatile building blocks.
Expanding Agrochemical Sector: Agrochemicals like herbicides and pesticides rely on Diketene derivatives for their production. As global agricultural needs increase to feed a growing population, the demand for these derivatives is expected to rise.
Plastics and Polymers: Diketene derivatives are also used in the production of specialty plastics and polymers, such as polyurethanes and polyacrylates, contributing to their versatility and demand.
Environmental Regulations: Stringent environmental regulations are pushing manufacturers to seek eco-friendly alternatives. Diketene derivatives are valued for their role in green chemistry and sustainable manufacturing practices, aligning with these regulatory requirements.

Uncover In-Depth Insights – Read the Full Report: https://www.futuremarketinsights.com/reports/diketene-derivatives-market

South Asia Expected to Project Significant Growth Opportunities for Global Diketene Derivative Market Players

The global diketene derivatives market is fairly large and consolidated. There are a few players that have established themselves at international as well as domestic levels. These players are trying to grow further by expanding into high-growth regions, and also by expanding their manufacturing capacities to cater to the increasing demand.

East Asia is expected to be a prominent region in the global diketene derivatives market throughout the forecast period, because of the increasing production and consumption in China. Besides East Asia, South Asia, which includes countries such as India, Malaysia, and Thailand, is also projected to be a lucrative region for the global diketene derivatives market.

Developing economies, industrialization, and increasing annual income of the population in this region are some of the reasons that are majorly driving the opportunities of growth in South Asia.

Alkylamides – by Derivative, and Pharmaceuticals & Nutraceuticals – by Application, to Remain Prominent over the Forecast Period

The market has been segmented on the basis of derivative and application, besides the seven regions.

On a global level, the alkylamides in the global diketene derivatives market are expected to be the top selling derivative throughout the forecast period. The growth of the sales of this segment over the forecast period is projected to be significantly high when compared to other derivatives such as arylamides, alkylamides, and dihydroacetic acid (DHS) and salt, among others.
Diketene derivatives are consumed for many applications such as pharmaceuticals and nutraceuticals, agrochemicals, and pigments and dyes, among others. The pharmaceuticals and nutraceuticals segment is estimated to be one of the prominent applications of diketene derivatives, and is expected to consume a considerable volume of diketene derivatives throughout the forecast period.
Besides pharmaceuticals and nutraceuticals, the application of diketene derivatives in the agrochemical industry is also expected to create significant revenue for the global diketene derivatives market. This is driven by the increasing amount of cultivation across geographies, which has resulted as a consequence of the global hike in demand for food. Utilization has become a necessity for farmers in order to increase their farming yield and prevent crop destruction. This directly creates demand for diketene derivative, and hence drives the growth of the market.

Diketene Derivatives Market: Vendor Insights

The report highlights some of the market players that are prominent and have established themselves as the leaders in the global diketene derivatives market. Most of these players offer diverse portfolios of diketene derivatives for various end-use industries. Other key strengths that are important and common among these global diketene derivative players are their global presence and active participation in research and development (R&D), which helps them compete, expand their diketene derivatives product portfolio, and grow further in the global diketene derivatives market.

Diketene Derivatives Market: Key Segments

By Derivative

Diketene Esters
Arylamides
Alkylamides
Dihydroacetic Acid (DHS) and Salt
Others

By Application

Agrochemicals
Pharmaceuticals and Nutraceuticals
Pigments and Dyes
Others

By Region

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

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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Europe Advanced Aerospace Coating Industry Embraces Cutting-Edge Coatings for Enhanced Performance and Strength | FMI

Advanced Aerospace Coating Industry Analysis in Europe

The industry size of advanced aerospace coating in Europe is poised for significant growth, with its size expected to increase from USD 519.66 million in 2024 to USD 846.47 million by 2034. Over the next decade, a moderate 4.5% CAGR in the demand for advanced aerospace coating in Europe is projected to drive the expansion, which had seen a CAGR of 5.0% between 2019 and 2023.

One key factor driving the demand for advanced aerospace coating in Europe is the strict regulations set by organizations like the European Aviation Safety Agency (EASA). These regulations are pushing aerospace manufacturers in Europe to invest in advanced coatings for better durability and protection against environmental factors.

The region’s commitment to sustainability is also a driving force, with the European Union’s environmental goals leading to increased demand for eco-friendly coatings. This shift toward environmentally responsible solutions positions Europe at the forefront of aerospace innovation.

Another crucial driver is the industry’s focus on fuel efficiency and cost reduction. Aerospace companies in Europe are investing in research and development to create coatings that improve aerodynamics, contributing to fuel efficiency. This supports the aviation industry’s overall goal of sustainable practices.

The rise in aircraft production and the growing demand for air travel in Europe are increasing the need for effective corrosion protection and performance-enhancing coatings. As air traffic continues to grow, aircraft fleets require coatings that provide corrosion resistance and ensure prolonged service life. European aerospace coating manufacturers are responding by developing innovative solutions to meet these demands, addressing the challenges posed by the region’s diverse climatic conditions.

Rising Aircraft Production & Expanding Fleet Size Continues to Generate Sustained Demand for Advanced Aerospace Coatings in Europe

Europe’s increasing air passenger traffic has been leading to an increase in the demand for commercial aircraft. This, in turn, has been leading to an increase in the production of commercial aircraft. The growth of the advanced aerospace coatings market is directly dependent on the total aircraft production and the fleet size.

Rising production and sales of aircraft, particularly in developing countries within the region are anticipated to create noteworthy opportunities in Europe’s advanced aerospace coatings market. Increasing aircraft deliveries by leading manufacturers such as Airbus and Boeing are underpinning substantial additions to the existing aircraft fleet size of Europe.

“Advancements like nanomaterials and smart coatings are poised to revolutionize the Europe advanced aerospace coating industry. These innovations promise enhanced durability, corrosion resistance, and thermal stability for aircraft components. With their ability to self-heal and adapt to changing environments, smart coatings and materials are expected to reduce maintenance costs and improve overall performance. European aerospace companies are likely to embrace these technologies to stay competitive in the market.” Opines Nikhil Kaitwade Associate Vice President at Future Market Insights (FMI).

Key Takeaways from the Europe Advanced Aerospace Coating Industry

Germany dominates the advanced aerospace coating industry in Europe with a projected 29.8% CAGR from 2024 to 2034, driven by a strategic focus on niche market segments such as military and defense applications.
France’s advanced aerospace coating industry is projected to follow closely, with an estimated 20.3% CAGR through 2034, attributed to a skilled workforce renowned for its expertise in materials science.
The advanced aerospace coating industry in the United Kingdom is likely to show an 18.7% CAGR between 2024 and 2034, influenced by a strong regulatory framework ensuring high standards of safety and quality.
Italy’s advanced aerospace coating industry is projected to develop at a 15.8% CAGR through 2034, propelled by a strong emphasis on precision engineering and a focus on innovation in surface coating technologies.
The Spain’s advanced aerospace coating industry is likely to exhibit an 11.9% CAGR from 2024 to 2034, impacted by the growing focus on enhancing manufacturing efficiency and sustainability practices.

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Progressing Scenario within MRO Segment to Majorly Influence Europe’s Advanced Aerospace Coatings Market Growth

As the number of aircraft that are in service is increasing constantly, the report prompts at the subsequent rise in demand for maintenance, repair, and overhaul (MRO) of various aircraft parts, components, and vital systems. This, according to FMI, will trigger the revenue growth of the MRO sales channel within Europe’s advanced aerospace coatings market during the forecast period.

The MRO sales channel of the commercial segment of the European advanced aerospace coatings market is projected to grow at a 5.9% value CAGR during the forecast period. Increasing fleet size of commercial as well as business aircraft and high demand for customized exteriors are some of the other factors driving the growth of the advanced aerospace coatings MRO sales channel.

Aftermarket Sales of Advanced Aerospace Coatings in Europe to Gain Uptick with Soaring Demand for Leased Aircraft

Aircraft, being one of the most expensive commodities, several small airline carriers prefer to lease from major players. While leasing of aircraft helps these airline carriers avoid high capital investments, they generally tend to renovate the entire aircraft before putting it into operation. The entire aircraft cabin is renovated according to specific requisites of respective airline carriers and their customer demands.

More often, a leased aircraft is coated with multiple paints and colors, highlighting the symbol and logo of particular airlines. According to the report, increasing rate of aircraft leasing will continue to push the growth of the advanced aerospace coatings market in Europe.

Key Players’ Strategies for Success in the Europe Advanced Aerospace Coating Industry

Here are some key strategies that players in the advanced aerospace coating industry in Europe employ for success:

Continuous research and development to innovate coatings
Collaboration with aerospace manufacturers for tailored solutions
Adherence to strict regulatory standards for safety and performance
Implementation of advanced application techniques for precision and efficiency
Investing in sustainable and eco-friendly coating materials and processes
Providing comprehensive support to clients for proper application and maintenance
Establishing strong partnerships with suppliers for reliable sourcing of raw materials

Competitive Landscape

Akzo Nobel and PPG Industries Inc. are the two largest firms in Europe’s unified advanced aircraft coating industry. Industry players use a variety of techniques to acquire a competitive advantage. From a competitive aspect, the European sector has undergone significant improvements in recent years.

To grow and thrive, industry participants use a variety of methods, including new product introductions, joint ventures, acquisitions, partnerships, and enhanced manufacturing capacity.

Key Players Offering Advanced Aerospace Coating in Europe

AkzoNobel
PPG Industries
Praxair Inc.
Mankiewicz Gebr. & Co
GE Aviation
PG Technologies Ltd.
Zircotec Ltd
Henkel AG
The Sherwin-Williams Company
KGaA
IHI Ionbond AG
Argosy International

Key Developments in the Europe Advanced Aerospace Coating Industry

PPG coating systems were chosen by Airbus for the A350-1000 launch aircraft. A PPG selectively strippable system, which uses Desothane HD 9008 basecoat-clearcoat for intensive, persistent color and reduces repaint cycle time, has been utilized to coat one of the three Airbus A350-1000 flight-test aircraft in the Airbus livery.
A 50/50 partnership termed Advanced Ceramic Coatings was established by GE Aviation and Turbocoating SPA of Parma, Italy, to supply thermal barrier coatings for CMCs employed in jet engines. The 50/50 partnership of GE and Snecma (Safran) of France, CFM International, is expected to supply the partnership with its first coated components, comprising CMC shrouds for the best-selling LEAP engine.

Industry Segment of Advanced Aerospace Coating in Europe

By Product Type:

Primer
- Epoxy
- Polyurethane
- Others
Topcoat
- Epoxy
- Polyurethane
- Others
Solvent
Ceramic Coatings

By Application:

Interior
Exterior

By End Use:

Commercial
- OEM
- MRO
General & Business
- OEM
- MRO
Military
- OEM
- MRO

By Country:

Germany
Italy
France
United Kingdom
Spain
Russia
NORDICS
Rest of Europe

Source: European Advanced Aerospace Coatings Market Report – Forecast (2024-2034) by Future Market Insights, Inc.

About Future Market Insights (FMI)

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Rising Demand for Graphene Oxide in Biotechnology and Electronics Fuels Graphene Nanocomposites Market Growth to USD 2,796.7 Million by 2031 | FMI

The global graphene nanocomposites market share is estimated to have a year-on-year growth with a 37.0% growth rate in 2022, surpassing a valuation of USD 2,796.7 Million by 2031. An opulent CAGR of 32.5% is projected to drive sales throughout the forecast period of 2021 to 2031.

Future Market Insights presents a half-yearly growth comparison between previous projections and the current estimations. Owing to an array of industrial and innovation factors including research and development expenditure, and nanotechnology sector commercialization, advancement in the industrial sector is estimated to boost the growth outlook of the market.

The applications of graphene nanocomposites are multipurpose and used in diverse industries including medical, biomedical and energy storage segments. As per the FMI analysis sales in the graphene nanocomposites market represented 4.5% of the global nanocomposites market in 2020.

Key Takeaways

The rising demand for graphene oxide for diverse applications in medical and biotechnology for cancer biological therapy, cellular imaging and drug delivery are anticipated to push sales in the market.
Owing to the growing demand in electronics, optics, medicine and biotechnology for cellular imaging, cancer therapy and drug delivery, sales prospects of graphene nanocomposites continue to bolster during the projected years.
The primary reasons attributing to the increment in the growth rate incorporates substantial demand for semiconductors, higher demand for electronic items, an adaptation of nanotechnology in healthcare and other end-use industries, etc.
A reasonable increase in the sales of graphene nanoplatelets is witnessed due to the enhanced properties of polymeric materials. Backed by such attributes continues to accelerate market expansion over the projection period.
In order to be in charge, graphene nanocomposites have proved to be effective owing to their significant surface area, high stability, strong charge carrier mobility, and high conductivity.
Countries like the US, China and South Korea are contributing significantly to driving sales of graphene nanocomposites with an impressive CAGR of 30.5% between 2018 and 2020. These countries are estimated to contribute to the market sales throughout the forecast period.

Competitive Landscape

Leading players operating in the graphene nanocomposites market are investing in strategic business agreements for the commercialization of graphene and are focusing on the incorporation of proprietary and green technology for graphene production. Apart from this, players are focusing on research and development to explore new application areas of graphene nanocomposites that can serve more end uses, to gain a competitive edge.

Key Companies Profiled

Versarien Plc
Haydale Graphene Industries Plc
Graphenea S.A
Applied Graphene Materials PLC
Taiwan Graphene Co., Ltd.
Ningbo Moxi Technology Co., Ltd
Graphene Tech, S.L.
XG Sciences Inc.
NanoXplore, Inc
Directa Plus Plc
Aztrong Inc.

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More Insights into the Graphene Nanocomposites Market

According to FMI market analysis China is projected to account for more than one-fourth of the global market share with an impressive revenue of above US$ 623.8 Mn in 2031.

China is expected to dominate the graphene nanocomposites market across the globe. Owing to the increased investment in innovation and development of new products such as new silicon graphene nanocomposites for lithium-ion batteries is expected to spur market growth.

Leading manufacturers in China are heavily investing in the electronics sector contributing to being a chief factor projected to fuel sales of graphene nanocomposites over the forecast period.

The North American region is projected to control the market, accounting for approximately 87.2% of the North American graphene nanocomposites market in 2031. In 2021, the market is expected to grow by 37.2% year on year, reaching a valuation of US$ 42.5 Mn.

Owing to the expansion of the medical and biomedical sector in the US is expected to bode well for the market over the forecast period.

Demand in Russia is projected to account for 17.3% of the Europe graphene nanocomposites market share in 2031. The country is investing in research and development, and graphene has been declared a priority research subject.

Graphene Nanocomposites Markey by Category

By Product Type:

Graphene Oxide (GO)
Graphene Nano Platelets

By Application:

Electronics
Energy Storage
Automotive & Aerospace
Polymer Composites
Medical & Bio-Medical
Water Treatment
Research & Development

By Region:

North America
Europe
East Asia
Rest of World

Things to Know:

Current Market Value: The graphene nanocomposites market reached a valuation of US$ 167.5 million in 2021.
Growth Rate (2018-2020): The market experienced robust growth, exhibiting a 30.5% CAGR between 2018 and 2020.
Key Trends Driving Sales: The incorporation of green technology for graphene production and strategic business agreements for commercialization of graphene are key trends driving sales.
Demand Outlook in North America: The North America graphene nanocomposites market is projected to grow at an impressive 32.1% CAGR during the forecast period.
Market Share in East Asia: The graphene nanocomposites market in East Asia is anticipated to hold a market share of 44.0% by 2031.
USA Market Share: The USA is anticipated to hold a market share of 24.0% in the global graphene nanocomposites market by 2031.

Old Source: https://www.prnewswire.com/news-releases/graphene-nanocomposites-market-projected-to-reach-us-800-4-mn-by-2028–future-market-insights-300812332.html

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Residential and Commercial Smart Glass Market Set to Reach USD 187475.7 million by 2034 | FMI

The global residential and commercial smart glass market size is projected to be valued at USD 58248.1 million in 2024 and further increase at a CAGR of 12.4% during the forecast period. Worldwide sales of residential and commercial smart glasses are set to total USD 187475.7 million by 2034.

Smart glass technologies, including voice assistants, self-cleaning properties, and improved energy efficiency, are gaining popularity due to climate change concerns and green building initiatives. Governments are offering tax breaks and incentives for incorporating smart glass technologies in construction projects. As businesses and homeowners become aware of their benefits, they are adopting smart glasses in their homes and construction projects.

As technology advances, smart glasses are expected to become affordable and attractive for various applications. They also enhance the architectural appeal of residential and commercial buildings by providing privacy control without compromising natural light. However, higher initial costs and the need for additional demonstrations are hindering their wider adoption.

Key Takeaways from the Market Report:

The global residential and commercial smart glass market is set to reach USD 187475.7 million by 2034, with a CAGR of 12.4% in the forecast period.
Based on technology type, the electrochromic segment accounted for a market share of 39.4% in 2024.
By end-user, the residential segment is leading with a market share of 54.8% in 2024.
India is anticipated to record a CAGR of 18.4% between 2024 and 2034.
Sales in China are predicted to rise at a CAGR of 13.8% through 2034.

“Consumers are increasingly demanding smart glasses to fulfill the luxurious appeal of their homes. Manufacturers are targeting specialized markets for smart glasses beyond their conventional uses,” Says Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

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Who is Winning?

Key players in the smart glass industry, including Gentex Corporation, Asahi India Glass Limited, Glass Apps, LLC, and Kinestral Technologies, Inc., are developing customizable smart glass solutions with features like tint adjustment, integration with smart home systems, and self-cleaning properties. They are investing in research and development to create cost-competitive materials, such as electrochromic or suspended particle display technologies.

They are also innovating for voice control, improved user experience, and automated adjustments based on environmental conditions. They are targeting specialized markets like smart shower enclosures, skylights, commercial space partitions, and greenhouses to diversify consumer categories and generate additional revenue. They are also optimizing production procedures and exploring substitute materials to reduce costs.

Industry Updates-

Zeiss, headquartered in Oberkochen, in January 2024 showcased its Multifunctional Smart Glass Technology that can float “holographic” and AR content on transparent surfaces.
Panasonic, headquartered in Osaka, in September 2023 developed photovoltaic glass with perovskite for power-generating windows with solar cells that can convert the façade into a renewable energy source.

Leading Residential and Commercial Smart Glass Brands

Gentex Corporation
Asahi India Glass Limited
Glass Apps, LLC
Kinestral Technologies, Inc.
NODIS Pte Ltd.
Polytronix, Inc.
RavenBrick LLC
Scienstry Inc.
Smart Glass Technologies Inc.
ToughGlaze (UK) Ltd

Key Segments of Market Report:

By Technology Type:

Based on technology type, the sector is divided into electrochromic, thermochromic, and photochromic.

By End-use:

By end-use, the sector is segmented into residential and commercial. The residential segment is further divided into smart windows and doors, smart glass partitions, smart shower glass, and smart glass walls. The commercial category is segregated into commercial buildings, automobiles, aircraft, marine, consumer electronics, and others.

By Region:

The sector is spread across North America, Latin America, Western Europe, South Asia, East Asia, Eastern Europe, and the Middle East and Africa.

Read Complete Source: https://www.globenewswire.com/news-release/2024/07/26/2919328/0/en/Residential-and-Commercial-Smart-Glass-Sales-Set-to-Total-USD-187475-7-Million-by-2034-Amid-Rising-Trend-for-Comfort-and-Convenience-Future-Market-Insights-Inc.html

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How Colloidal Metal Particles Systems Are Transforming the Chemical Sector: Increased Efficiency in Catalysis and Drug Delivery Applications

The global industry for colloidal metal particles witnessed significant growth, surpassing the USD 20.2 billion mark in 2022, driven by their diverse applications across various industries. With an impressive projected compound annual growth rate (CAGR) of 8.1%, the market is expected to reach a substantial USD 32.3 billion by 2028. This growth trajectory is fueled by the expanding utilization of colloidal metal particles in sectors such as healthcare, electronics, and catalysis, indicating a promising outlook for the market’s expansion over the coming years.

Among the product type segments, the titanium oxide colloidal metal particles segment is expected to account for a large volume proportion of the market while the gold colloidal metal particles segment, given its high price, is expected to account for a noteworthy value proportion in the colloidal metal particles market during the forecast period.

Rising Use of Colloidal Metal Particles as Catalysts to Propel the Growth of Global Colloidal Metal Particles Market

Future Market Insights suggests that the global colloidal metal particles market is estimated to register robust growth throughout the forecast period, prominently due to its rising applications as a catalyst. The chemical industry has been making a shift towards nano-scaled catalysts, a move that will prove to be beneficial for the colloidal metal particles market.

The enhanced surface area per particle escalates the efficiency of the catalyst, an important factor responsible for increasing the demand for colloidal metal particles within the chemical industry. Colloidal metal particles are also being increasingly used in dietary supplements, either directly or in combination with other ingredients. For instance, copper colloid metal particles are increasingly being used to enhance the human body’s ability to absorb iron particles. Similarly, silver colloidal metal particles are proven to be effective in treating skin conditions, such as acne and chickenpox.

They are also effective against various infections. The growing market for dietary supplements, as a whole, is anticipated to have an optimistic impact on the colloidal metal particles market.

However, the issue of toxicity has put forth several legislative barriers in the development of the colloidal metal particles market. Some studies have also shown that uncontrolled use of such particles contaminates the environment and hence, country-level regulations have been passed to monitor the consumption of the aforementioned colloidal metal particles, among others.

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Global Colloidal Metal Particles Market Competition Landscape

The report highlights some of the top companies operating in the global Colloidal Metal Particles market, including

Purest Colloids, Inc.
Evonik Industries AG
Nouryon
Tanaka Holdings Co., Ltd.
IMRA America, Inc.
W. R. Grace & Co.-Conn
SunForce Health & Organics Inc.
BBI Solutions

Global Colloidal Metal Particles Market Segmentation Analysis

The Colloidal Metal Particles market has been categorised on application basis into catalysis & photocatalysis, adsorbent, drug delivery and dietary supplements.

On application basis, the catalysis & photocatalysis segment is forecast to retain leading position in the colloidal metal particles market in terms of both consumption as well as revenue generation
The dietary supplement segment is projected to grow at a robust CAGR during the forecast period. Its market value is expected to grow and become over 2.2X between 2018 and 2028

Global Colloidal Metal Particles Market Regional Forecast

Regionally, China alone accounts for a prominent proportion of the global colloidal metal particles market, positioning itself with the likes of multi-country regions, such as North America and Western Europe. Accounting for well over 22% of the revenue proportion in the total colloidal metal particles market, China is anticipated to register significant CAGR during the forecast period.

The overall Colloidal Metal Particles market is expected to grow at a CAGR of 8.1% while regions, such as Western Europe, Eastern Europe, and countries, such as India and Japan, are expected to grow at a moderately higher pace owing to rising demand in these regions.

Colloidal Metal Particles Market by Category

Product Type :

Aluminium Oxide
Silver
Gold
Zinc
Copper
Platinum
Iridium
Silicon
Iron Oxide
Titanium Oxide
Palladium
Others (Manganese, Cerium, Indium, Tin)

Application :

Catalysis & Photocatalysis
Adsorbent
Drug Delivery
Dietary Supplements

Region :

North America
Latin America
Western Europe
Eastern Europe
South East Asia and Pacific
China
India
Japan
Middle East & Africa

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FMI Study Projects Global Power Generator for Military Market Valuation to Surpass USD 1,605.3 Million by 2033, Driven by 3.6% CAGR

The global power generator for military market is predicted to register a CAGR of 3.6% over the forecast period, as per FMI’s analysis. The industry’s size is anticipated to increase from USD 1,127.1 million in 2023 to USD 1,605.3 million by 2033 end.

The technological upgradation in diesel generators is eliciting market development of power generators for military. In this regard, the development of compact tactical power generators is strengthening market growth. Besides, the surging military expenditure of governments across the globe is invoking market expansion.

The execution of defense protocols is also projected to have a positive effect on market development. Take for example, in December 2020, the United States Army formulated a portable generator with the help of X-Engine, delivered by Connecticut-based LiquidPiston. The launch of this vital rotary engine is predicted to produce an amount of power, which is equivalent to the Army’s present gen-set, though being one-fifth the size. Such developments are expected to have a positive influence on market growth.

Increasing focus on the modernization of Army by scientists and engineers is propelling the market growth. For instance, in April 2020, scientists from the United States Army Combat Capabilities Development Command revealed that they are developing an energy-efficient generator that powers autonomous military vehicles, for months on end.

Key Features:

Durability: Built to withstand extreme conditions, from scorching deserts to freezing mountains. They use weatherproof enclosures, corrosion-resistant materials, and components that can handle shocks and vibrations.
Portability: Military generators need to be deployed quickly and easily. They come in various sizes, from small, portable units for individual units to large, trailer-mounted generators for powering entire field camps. Many are designed to be towed behind trucks or lifted by helicopters for transport.
Reliability: Missions depend on uninterrupted power. Military generators use high-quality components and redundant systems to minimize downtime. They often come with features like automatic start-up and voltage regulation.
Fuel Efficiency: Military logistics are complex, so fuel efficiency is a major concern. These generators are designed to get the most out of each gallon of fuel.
Noise Reduction: In covert operations, noise can give away a position. Military generators employ noise suppression techniques like soundproof enclosures and exhaust baffling.

Key Players Profiled in the Market Include:

Cummins Inc.
Caterpillar Inc.
Rolls-Royce Holding plc
HIMOINSA
Harrington Generators International
Fischer Panda GmbH
Ascot Industrial S.r.l.
Kohler Co.
Kirloskar Oil Engines Ltd.
Ausonia S.r.l.
Green Power Systems S.r.l.
Kohler Co.
Kirloskar Oil Engines Ltd.
Ausonia S.r.l.

Recent Developments:

HIMOINSA: In a significant move unveiled in October 2022, HIMOINSA showcased its comprehensive lineup of diesel generator sets at Bauma 2022, reinforcing its commitment to providing cutting-edge power solutions to its global clientele.

Kohler Co.: In November 2022, Kohler Co. marked a milestone with the completion of the expansion project for its primary North American generator manufacturing facility in Mosel, Wisconsin.

Rolls-Royce Holding plc: In July 2021, Rolls-Royce Holding plc achieved a breakthrough with the development of an advanced hybrid-electric propulsion system designed for aerospace applications.

Cummins Inc.: In August 2022, Cummins Inc. completed the acquisition of Meritor, Inc., marking a strategic move to strengthen its market presence and expand its product offerings.

Key Segments Covered:

By Capacity:

Up to 60 KW
61 to 250 KW
251 to 500 KW
501 to 1000 KW
Above 1000 KW

By Output:

Alternative Current (AC)
Direct Current (DC)

By Fuel:

Diesel
Gas
Propane
Natural Gas

By Installation:

Stationary
Mobile and Portable

By Application:

Communication Systems
Air Defense Systems
Field Hospitals
Field camps/Accommodation
Lightings
Military Vehicles
Others

By Region:

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

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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FMI Study Indicates Europe Woodworking Power Tools Market Revenue Forecasted to Expand at a Steady 5% CAGR by 2030

Forecast by Future Market Insights states that the Europe woodworking power tools market is estimated to grow at a CAGR of 5% between 2020 and 2030.

The construction and carpentry sectors in Europe are driving the growth of the woodworking power tools market (FMI). In 2030, the European woodworking power tools business, led by Germany, the United Kingdom, and France, is expected to be worth USD 363.9 million.

According to the report, the EU is stepping up its efforts to combat climate change and reduce its carbon footprint, and the European timber sector is investing in and legislating for sustainable forest sources in terms of both domestic and imported wood, which may have an indirect impact on the pricing of woodworking operations and associated power tool sales.

To widen the market, market participants might progressively focus their products on repair, renovation, and maintenance applications, according to the report.

According to the European Association of Woodworking Industries, the woodworking and furniture business is Europe’s fifth largest industrial sector, contributing billions of euros to the regional economy.

Key Takeaways:

Planers power tools to witness greater traction through 2030 on the back of furniture applications.
Cordless woodworking power tools to remain lucrative through the forecast period, with demand from DIYers, and operational convenience benefits providing impetus.
Commercial tradesmen such as carpenters, masons and joiners to witness for significant demand.
Online sales are expected to display higher growth rates, on the back of DIYers, wider product range, and offers & discounts.
Germany is a highly lucrative market for woodworking power tools, owing to the steady growth of the non-residential construction sector and the presence of major players.

“In line with the rapid surge in demand for smart technologies and connectivity in woodworking, major market players in Europe have been using their expertise in developing sensor technology, services, and software to provide power tool solutions across domains to customers,” says analyst at FMI.

Europe Woodworking Power Tools Market Segment:

Product Type:

Drills
Planers
Grinders
Saws
Cutters
Sanders
Routers
Screwdrivers
Wrenches
Chasers
Others

Configuration:

Corded Power Tools
Cordless Power Tools

End User:

Industrial Enterprises
Commercial Carpenters, Joiners, and Masonry
Service Providers
DIY/Individual

Sales Channel:

Online Sales
B2C Platform
B2B Platform
Offline Sales
Bulk Suppliers
Retail Suppliers

Region:

Germany
Italy
France
U.K.
Spain
BENELUX
Russia
Poland
Czech Republic

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.

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