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Aircraft Electrification Market to Surge 14.9% CAGR, Reaching US$ 37.2 Billion by 2034

The aircraft electrification market is expected to be valued at US$ 9.3 billion in 2024. The market is expected to progress at an astounding rate of 14.9% CAGR over the forecast period. By 2034, the value of the market is forecasted to reach US$ 37.2 Billion.

With sustainability measures on the rise, companies are making concentrated efforts to minimize environmental damage by turning to alternative sources of energy like electricity. Governments are also encouraging the adoption of electrification, making investments to develop research programs, and imposing regulatory measures on aircraft carriers.

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In addition to air pollution, traditional aircraft are also adjudged guilty of increasing noise pollution. Electrified aircraft offer the benefit of being quieter than traditional aircraft. The cost savings enabled by electrification also benefits airline carriers. Both flights carrying cargo and passengers are being developed with electrification.

Key Takeaways from the Aircraft Electrification Market Report:

The aircraft electrification market is anticipated to be valued at US$ 9.3 billion in 2024.
Batteries form the leading component in the aircraft electrification market. From 2024 to 2034, the segment is forecasted to progress at a CAGR of 14.7%.
Power generation is the market by application. Power generation is predicted to progress at a CAGR of 14.5% over the forecast period.
South Korea is one of the most promising countries in the market. The CAGR for the market in South Korea is anticipated to be 17.0% over the forecast period.
Japan and China are poised to be lucrative markets in the Asian region. The CAGRs for Japan and China are pegged at 16.5% and 15.6%, respectively, from 2024 to 2034.
The market in the United States is expected to register a CAGR of 15.2% over the forecast period.

Competition Analysis of the Aircraft Electrification Market:
The highly competitive market is characterized by the presence of established players, startups, and small-scale companies. Partnership agreements are common as companies try to leverage the combined technology available at their disposal. Some of the prominent companies in the market include Honeywell International Inc., Astronics Corporation, Meggitt plc, and BAE Systems.

Leading Key Players:

Honeywell International Inc.
Astronics Corporation
Meggitt plc.
BAE Systems
Collins Aerospace
Rolls-Royce plc.
Ametek, Inc.

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Recent Developments in the Aircraft Electrification Market:

In January 2024, Joby Aviation inked a partnership deal with Atlantic Aviation for the electrification process of their aviation structure.
In November 2022, United Airlines invested in Natron Energy, an aircraft battery manufacturer.

Aircraft Electrification Market Segmentation:

By Component:

Batteries
Fuel Cells
Electric Actuators
Generators
Motors
Power Electronics
Distribution Devices
Others

By Application:

Power Generation
Power Distribution
Power Conversion
Energy Storage

By Phase:

More Electric
Hybrid Electric
Fully Electric

By Region:

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

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

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Postbiotic Supplements Market Trends: Anticipating a 10.90% CAGR by 2034

The postbiotic supplements market is estimated to be valued at US$ 10.8 million in 2024. With the rising awareness about the health benefits of products, the demand for postbiotic supplements is expected to register a CAGR of 10.9% from 2024 to 2034, reaching a valuation of US$ 30.5 million by 2034.

Postbiotic supplements are formed as probiotics mature in the digestive tract. Probiotics digest prebiotics to produce postbiotic vitamins. These are considered “wasted” probiotics. It does not always appear that byproducts are good for our health. They actually serve a number of important functions in our digestive tracts that promote health.

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Postbiotic supplements have been proposed as a viable feed additive to improve wellness and development effectiveness in monogastric animals such as chickens and pigs. Postbiotic supplements have the potential to take the place of active probiotics. Postbiotic supplements are used in pharmaceuticals, utilitarian food products, and the food business for health benefits, illness prevention, and restorative purposes.

Increasing Health Awareness among Consumers Creating Positive Scenario for Postbiotic Supplements:

A person’s healthy microbiome, which is their big, naturally diverse population of intestinal bacteria, can manufacture all the postbiotic nutrients they require. When combined with lifestyle changes like controlling stress, adopting a healthier diet, ingesting fewer pollutants or unnecessary pharmaceuticals, or adopting a healthier lifestyle, these treatments are more successful.

Postbiotic supplements can be a sophisticated and safe strategy to promote health because they have less storage and shelf life problems than live probiotics. It is anticipated that growing demand for sports nutrition products will significantly contribute to promoting the use of postbiotic supplements in North American and European countries. This is because leading an active lifestyle is becoming increasingly important, and people are becoming more aware of the benefits of taking postbiotic supplements.

The positive outlook on the sports nutrition business is another important motivator. Athletes are urged to concentrate on physical strength by raising their immunity as the number of international athletic events rises. Supplements for postbiotics offer vital nutrients needed for a healthy body and a healthy life. Over the projection period, it is expected that rising consumer awareness of the importance of maintaining excellent gut health and the high prevalence of digestive health problems will fuel demand for postbiotic supplements. In nations like China and India, it is anticipated that the importance of a balanced diet would become increasingly recognised.

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Global Postbiotic supplements market: Market Participants

The key market participants identified across the value chain of the global Postbiotic supplements market are:

Dr. Emil Nutrition
For The Biome
Designs for health
Beekeeper’s Naturals
MaryRuth Organics
POSTBIOTICA SRL
Essential Formulas Incorporated (Dr. Ohhira’s Probiotics)
Glac Biotech Co., Ltd.
KOREA BIOPHARM
Pro Formulations MD
MRM Nutrition
Bio Complete 3
GUT ARMOR
Probulin
Others

In 2109, Sabinsa released Lactosporin, a Novel Probiotic Metabolite for hair and skin. It is a postbiotic drug with a strong antioxidant activity and 50 percent free radical scavenging inhibition. The drug also has a significant anti-inflammatory and dose-dependent activity against collagenase.

Opportunities for the Postbiotic supplements market:

Consumers are increasingly becoming aware of the role a healthy digestive system plays in promoting overall wellbeing. Evolving research areas are leading manufacturers to develop new products that address broader customer demands. Nevertheless, growing NPD operation has sparked questions on the market about transparency and efficiency. Research now focuses on and investigates the microbiota, attempting to identify indicators in the hopes of preventing or diagnosing health issues and diseases.

When probiotics were metabolized, postbiotics were developed and those cultures were thought to have been absorbed into the intestinal tract. Postbiotics may be a clever alternative to using whole bacteria in a probiotic form. Postbiotics have entered marketable applications in the field of personal care, which has given market players the ability to expand their product portfolio. Postbiotics are anticipated by professionals as “the metabolic by-products or bacterial products of gut microbes that have biological processes in our bodies” and are an exciting new area for research and development.

Brief Approach to Research Postbiotic Supplements Market:

A modeling-based approach and triangulation methodology will be followed to estimate data covered in this report. A detailed market understanding and assessment of the applications, types, forms and end use of the product segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data is collected at a regional level, consolidated and synthesized at a global level to estimate the overall market sizes

Postbiotic Supplements Market by Category

By Form:

Soft-gel and Chews
Capsules and Tablets
Powder and Granules

By Distribution Channel:

Health & Beauty Store
Drug Store
Modern Trade Channel (Supermarkets & Hypermarket)
Online Retailing

By Region:

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

Report Highlights:

An overview of the Postbiotic supplements market, including background and evolution
Macroeconomic factors affecting the Postbiotic supplements market and its potential
Market dynamics, such as drivers, challenges and trends
Detailed value chain analysis of the Postbiotic supplements market
Cost structure of the products and segments covered in the study
In-depth pricing analysis, by key product segments, regions and by major participants in Postbiotic supplements market
Analysis of supply and demand, such as top producing and consuming geographies, imports/exports and overall trade scenario
Analysis of the Postbiotic supplements market structure, including a tier-wise categorization of key market participants
Competitive landscape of the market, including detailed profiles of the top players in this market

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IoT Network Management Market Surges Towards US$ 41.5 Billion Growth with 23.3% CAGR by 2032

The IoT network management market is poised for substantial growth, with projections indicating that it will surge to an impressive US$ 41.5 Billion by 2032, driven by a remarkable CAGR of 23.3%. This robust expansion can be attributed to the ever-increasing adoption of Internet of Things (IoT) devices across various industries, necessitating efficient and effective network management solutions.

As the IoT ecosystem continues to expand, businesses and organizations are recognizing the importance of seamless connectivity and data management, thereby fueling the demand for IoT network management solutions. The industry’s remarkable growth trajectory highlights its pivotal role in ensuring the reliability, security, and scalability of IoT networks, making it a crucial element in the ongoing digital transformation.

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IoT networks are rapidly expanding across the globe, allowing businesses and industries to control and/or monitor a broad range of smart gadgets. With any network technology, speed and responsiveness are crucial for accurate and dependable IoT device performance.

IoT networks, on the other hand, have a variety of network performance issues due to the presence of heterogeneous and resource-constrained devices communicating through error-prone radio channels and frequently deployed in hostile environments.

The Internet of Things (IoT) tangibly solves significant business problems in a variety of industries. Healthcare, smart cities, building management, utilities, transportation, and manufacturing are among the early users of this technology, attesting to its numerous advantages.

However, the amount of threats and cyberattacks directed at IoT devices and networks is on the rise in both number and complexity. Attacks like IoT botnets, DNS threats, IoT ransomware, IoT physical security, and shadow IoT are on the rise in IoT devices, connected software, and network connections.

Combining IoT solutions with edge processing technology supports minimizing the vulnerabilities as edge security helps protect users and sensitive data. So there is an increased need to secure the devices and network and use them to strengthen network security. As a result, enterprises are deploying IoT network management solutions to protect devices against new security threats.

Key Takeaways from the IoT Network Management Market Report:

By solution, demand in the network management platform segment is expected to grow at a CAGR of 24.4% through 2032.
Based on enterprise size, the SME segment is predicted to grow by 8.9X during the forecast period.
In terms of industry, the healthcare segment is predicted to grow at a CAGR of 29.9% between 2022 & 2032.
By region, North America accounted for the largest market share of around 32.3% in the IoT network management market in 2021, whereas the South Asia & Pacific region is showing the highest growth of around 28.4% CAGR during the forecast period.

More Valuable Insights on the IoT Network Management Market:
Future Market Insight’s report on IoT network management market industry research is segmented into four major sections – solution (network management platform (on-premise, and cloud-based), and services (professional services, and managed services)), enterprise size (large enterprises, and SMEs), industry (manufacturing, IT & telecom, BFSI, healthcare, transport & logistics, energy & utilities, retail, and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and The Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the IoT network management demand outlook.

Leading Key Players:

Cisco
kyndryl
Behrtech
IBM
Sierra Wireless
RAKwireless
Commscope
Proscend
Particle Industries, Inc
Aeris
Datadog
Senet
Juniper Networks

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IoT Network Management Market Segmentation:

By Solution:

Platform
- On-Premise
- Cloud-Based
Services
- Professional Service
- Managed Services

By Enterprise Size:

Large Enterprises
Small and Mid-Sized Enterprises (SMEs)

By Industry:

Manufacturing
IT & Telecom
BFSI
Healthcare
Transport & Logistics
Energy & Utilities
Retail
Others

By Region:

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

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Web Conferencing Market Soars with Anticipated 14.4% CAGR, Eyeing US$ 20.98 Billion by 2033

The web conferencing market is worth approximately US$ 5.44 billion in 2023, a significant increase from its value of US$ 4.83 billion in 2022. Projections suggest that this market will experience a robust compound annual growth rate (CAGR) of 14.4% from 2023 to 2033. As a result, it is expected that the valuation of the web conferencing market will reach a substantial US$ 20.98 billion by the year 2033.

Live meetings conducted in real-time have not only propelled business growth but have also revolutionized the corporate meeting landscape. Within the realm of web conferencing, which encompasses a variety of web-based meeting solutions, video conferencing takes center stage by allowing participants to interact and communicate seamlessly via live video streams.

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Web conferencing goes beyond video interaction and also facilitates the sharing of screens and data within the platform, allowing participants to exchange audio, video, and text messages. Moreover, the conferencing platform can be tailored to match the hierarchy of the team, ensuring smooth coordination. The system categorizes participants into three distinct roles: Hosts, Presenters, and Guests.

The Future Business Insights research team is concentrating on research and market analysis to produce various Web conferencing Market projections and predictions at both the national and international levels. To assess and provide trustworthy and enlightening insights on the Web conferencing Market, they took into account a number of kinds of industry-related information, including market data and merger estimations.

Key Players

Cisco
Microsoft
Zoom Video Communications
Adobe
Huawei
Avaya, Inc.
AWS
Google, LLC
HP
GoTo
Enghouse Systems
Pexip
Qumu Corporation
Sonic Foundry Inc.

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Web Conferencing Market Segmentation:

The report provides insights on the important highlights and current trends prevailing in the market. This helps the readers to gain a deeper understanding and form an unbiased opinion on the market. Numerous segmentations have been provided for this market based on:

By Component:

Solutions
Services

By Deployment:

Hosted Web Conference
Software-as-a-Conference
On-premises Web Conference
Managed Web Conferencing

By End Use:

Banking and Financial Services
Education
Pharmaceutical/Healthcare
Manufacturing
Media & Entertainment
IT and Telecommunications
Government
Others

By Region:

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

Reasons to Buy the Report:

The report includes authentic analysis of the market and the present developing trends in the market affecting the growth. FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts.This ensures that the data collected is from highly reliable sources.
We provide accurate insights on various market trends to enable businesses to make informed and beneficial decisions to attain competitive edge over key players.
Our analysts provide detailed market segmentation along with useful insights and extensive reports that other companies fail to include. The report comprises the market trends, key players and shift in the demand throughout the forecasted period.

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Flexible Electronic Market on Track to Surpass US$ 87.2 Billion by 2033, Driven by 8.9% CAGR

The flexible electronic market is estimated to be valued at US$ 37,065.0 million in 2023. Projections suggest that the industry is set to grow significantly, with an anticipated value of US$ 87,209.3 million by 2033. With a robust and consistent CAGR of 8.9% expected between 2023 and 2033, the flexible electronics sector demonstrates promising resilience and a strong potential for continuous expansion in the coming decade.

The flexible electronics industry is primarily driven by the increasing demand for lightweight, portable, and bendable electronic devices across various sectors. Technological advancements in material science, particularly the development of flexible substrates and conductive materials, have facilitated the production of durable and adaptable electronics. Moreover, the rising need for energy-efficient and cost-effective electronic products and the growing integration of flexible electronics in healthcare and consumer electronics further propels the market.

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Despite its rapid growth, the flexible electronics industry encounters challenges, such as high production costs associated with specialized manufacturing techniques and materials. Limited flexibility in component integration and performance compared to traditional rigid electronics is also a notable constraint. Furthermore, concerns about the durability and reliability of flexible electronic products, particularly in harsh environments, pose significant hurdles to widespread adoption in specific applications.

The market for flexible electronics is ripe with opportunities, with the increasing adoption of Internet of Things (IoT) devices and the development of wearable technology. The expanding applications in healthcare, automotive, aerospace, and consumer electronics sectors offer promising avenues for growth. Additionally, the rising demand for lightweight and portable electronic devices, coupled with advancements in nanotechnology and flexible display technologies, presents a favorable landscape for the industry players to innovate and expand their product portfolios.

The industry is witnessing a surge in research and development activities focused on integrating organic and printed electronics, enabling the production of cost-effective and environmentally sustainable devices. The emergence of stretchable electronics and advancements in flexible battery technologies are revolutionizing the design and functionality of wearable devices and smart textiles. Moreover, the growing emphasis on eco-friendly and biodegradable materials in producing flexible electronics is a prominent trend, reflecting the industry’s commitment to sustainability and green innovation.

Key Takeaways from the Flexible Electronic Market

With a market share of 24.5%, the flexible memory component dominates the Flexible Electronic Market, driven by increasing demand in consumer electronics and IoT applications.
The healthcare and medicine applications segment holds a substantial market share of 20.4% in 2023, integrating into wearable health monitoring devices and advanced medical diagnostic tools.
The United States showcases robust demand for flexible electronics with a CAGR of 16.5%, fueled by advanced healthcare solutions, flexible electronic wearables, and a surge in demand for flexible displays and batteries.
Canada’s market experiences an 8.2% CAGR, driven by adoption flexible sensors in healthcare, sustainable manufacturing, and flexible displays in retail and hospitality.
Germany’s market is driven by a CAGR of 6.4%, primarily due to strong demand for flexible sensors and displays in the automotive industry and industrial automation.
The United Kingdom witnessed an 8.8% CAGR, attributed to the growing adoption of consumer electronic devices, healthcare wearables, and smart packaging solutions.
India’s market is driven by a 7.8% CAGR, owing to increased demand for flexible displays in retail and e-commerce sectors and the adoption of flexible sensors in healthcare.
China’s market exhibits a robust CAGR of 10.2%, primarily due to significant deployment in consumer electronics and manufacturing industries.

Competition Outlook of Flexible Electronic Market

Companies are vying for prominence in flexible electronics industries through innovative strategies and cutting-edge product development. From established industry giants to emerging players, the competitive sphere is witnessing a surge in initiatives to capture consumer attention and market share.

Key players ardently focus on research and development initiatives, channeling efforts into creating novel and advanced solutions. Emphasizing product differentiation and enhancements, these companies are continually seeking ways to align with the evolving demands of consumers. Strategic partnerships, collaborations, mergers, and acquisitions are key to expanding market presence and product portfolios.

Recent Developments by Players in the Flexible Electronic Market

DuPont developed a new flexible circuit material called Pyralux that is thinner and more durable than previous materials. This could be used to develop more flexible and wearable electronic devices.
Merck developed a new flexible display material called Flex OLED that is brighter and more energy-efficient than previous materials. This could be used to develop new flexible smartphones and other devices with OLED displays.
Dow Chemical developed a new flexible battery material called Duracell PowerFlex that is thinner and more flexible than previous materials.
Henkel developed a new flexible adhesive called Loctite EA 9210 that is strong, durable, and flexible. This could be used to bond various materials together, including flexible electronic components.

Restraints:

While the Flexible Electronic Market shows great promise, it is not without challenges. Companies will need to navigate regulatory and compliance issues as well as supply chain disruptions. These restraints are essential to address for sustainable growth.

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Flexible Electronic Market Key Segments

By Component:

Flexible displays
Flexible batteries
Flexible sensors
Flexible memory

By Application:

Consumer Electronics
Automotive industry
Defense and Aerospace
Sensing
Healthcare and Medical
Energy and Power industry

By Circuit Structure:

Single-sided
Double-sided

By Region:

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

Authored By:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management across verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

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Frequency Converter Market Analysis: Industry to Reach US$ 65 billion by 2034

The frequency converter market is the backbone of a world reliant on diverse electrical grids and equipment. These workhorses transform alternating current (AC) from one frequency to another, ensuring seamless operation of machinery and devices. Let’s delve into the current market landscape, explore exciting opportunities, and envision its promising future scope.

Current Scenario:

Global Industrial Expansion: The rise of manufacturing sectors in developing economies creates a demand for equipment compatible with local grid frequencies. Frequency converters bridge this gap.
Renewable Energy Integration: The growing integration of renewable energy sources like wind and solar into the grid necessitates frequency conversion due to fluctuations in power output.
Rising Focus on Energy Efficiency: Modern frequency converters offer superior efficiency, reducing energy losses and saving costs for businesses.
Technological Advancements: Developments in semiconductor technology have led to more compact, reliable, and efficient frequency converters.
Increased Automation in Manufacturing: Industrial automation relies on precise control of motor speed, which frequency converters facilitate effectively.

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Opportunities Galore:

The frequency converter market presents a wealth of opportunities for manufacturers and solution providers:

Focus on Niche Markets: Developing specialized frequency converters for specific applications like electric vehicles, marine environments, and data centers can open up new markets.
Digitalization and Connectivity: Integrating IoT connectivity and cloud-based monitoring systems with frequency converters will enable remote management and predictive maintenance.
Focus on Sustainability: Developing energy-efficient frequency converters made from recycled materials will appeal to environmentally conscious businesses.
Expansion into Emerging Markets: Targeting developing economies with growing infrastructure projects presents significant growth potential.
Service and Maintenance Solutions: Offering comprehensive maintenance and repair services for frequency converters can be a lucrative revenue stream.

Future Scope:

The future of the frequency converter market is likely to be shaped by these key trends:

Rise of Smart Grids: Frequency converters will play a critical role in smart grid technologies, facilitating the integration of renewable energy sources and ensuring grid stability.
Advancements in Power Electronics: Gallium nitride (GaN) technology holds promise for the development of even more efficient and compact frequency converters.
Bidirectional Power Flow: The development of bidirectional frequency converters will enable greater flexibility in power distribution systems.
Focus on Cybersecurity: As frequency converters become more integrated with digital systems, cybersecurity measures will become increasingly important.

Fine Hydrate Industry: Projected to Witness Robust Development with 6.5% CAGR, Targeting US$ 802.5 Million by 2033

fine hydrate market

The fine hydrate industry is predicted to be worth US$ 428 million in 2023 and rise to US$ 802.5 million by 2033. Demand was initially expanding at a market CAGR of 7% between 2018 and 2022.

The fine hydrate is expected to rise as more people use it as an alternative to titanium dioxide to create pigments. The refinishing of automobiles, protective coatings, building, and timber coatings all use paints and coatings extensively.

The automotive sector has a high need for polymers as they are used to create parts for cars that are lighter overall and produce more fuel-efficient automobiles. Thus, increased demand for plastic from the automotive sector leads to high adoption of fine hydrate.

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Due to the increased need for fire hydrants in the consumer electronics sector, particularly in the Asia Pacific, the market share is anticipated to grow. Additionally, rising urbanization is expected to fuel fire retardant demand, which is likely to support the expansion of the market.

Throughout the anticipated period, alternatives such as zinc hydroxy stannate and magnesium hydroxide are expected to restrain the growth of the fine hydrate industry.

Key Takeaways

By 2033, the fine hydrate market in the United Kingdom is likely to expand, with a CAGR of 5.5%.
In 2023, the United States is projected to dominate the market share of 19.3% in the fine hydrate sector.
The fine hydrate market was significantly expanding, with a size of US$ 398.3 million in 2022.
By 2033, the fine hydrate market in China is projected to expand, with a CAGR of 7.3%.
In 2023, Germany is expected to expand significantly in the fine hydrate business, with an expected share of 5.2%.
By 2033, India is projected to grow considerably in the fine hydrate market, with a share of 7.7%.
In 2023, Australia is likely to develop substantially in the fine hydrate business, with an expected share of 0.7%.
Japan’s fine hydrate industry share is likely to expand significantly, with a 4.7% share in 2023.
In 2023, the cable compound is expected to lead the market with a share of 67.4% and is likely to hold a top spot in the market in terms of application by 2033.

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Competitors Winning Strategies

Fine hydrate businesses are implementing a variety of techniques to promote market expansion. Several companies are pursuing organic growth strategies, including launching new goods, getting those items approved, and planning events.

Industry observers have noted inorganic growth tactics such as partnerships and acquisitions. The business operations and consumer reach of market participants have been significantly expanded due to these activities.

Certain fine hydrate producers increased their production capabilities to accommodate the rising demand. This required spending money on more factories, machinery, and infrastructure to boost their output capacity.

Recent Development:

Huber Engineered Materials acquired Magnesita’s 50% ownership in the 50/50 joint venture MAGNIFIN Magnesiaprodukte GmbH & Co. KG (“MAGNIFIN”) on January 10, 2022. MAGNIFIN manufactures a variety of specialist aluminum oxides, halogen-free fire retardants, and smoke suppressants.

Key Players

Nabaltec AG
Huber Engineered Materials
Hindalco Industries Limited
Sumitomo Chemical Co. Ltd.
Alumina Castables & Chemicals Private Limited
Aluminium Corporation of China Limited (CHALCO)
JINAN CHENXU CHEMICAL CO., LTD.
Henan Kingway Chemicals Co., Ltd

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Key Segmentations

By Application:

Cable Compounds
Sheet Molding Compounds
Bulk Molding Compounds
Others

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Field Erected Cooling Tower Market Size Rising to US$ 3.5 billion by 2034

The field erected cooling tower market is expected to reach US$ 2.1 billion by 2024. The market size is expected to reach US$ 3.5 billion by 2034, projected at a CAGR of 5.1%. Cooling towers that are constructed and erected in a field are custom-designed and constructed to meet the specific requirements of large industrial projects such as power plants, refineries, steel processing plants, and petrochemical plants.

Developing hybrid cooling systems can increase water efficiency and reduce water consumption by incorporating other cooling technologies with field-erected cooling towers. With hybrid systems, environmental conditions can be adapted according to needs.

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Water scarcity concerns around the world drive the demand for water-efficient cooling solutions. Water treatment technologies, advanced drift eliminators, and improved cooling tower designs are all technologies that can help reduce the amount of water needed to cool a cooling tower that has been erected in the field.

Field-erected cooling towers can facilitate the dissipation of heat generated during carbon capture processes. Carbon capture technologies and the cooling tower industry can work together very effectively.

Key Takeaways from the Market Study

The wet segment is expected to expand at 4.9% CAGR by 2034.
The United States is estimated to register at a CAGR of 5.3% by 2034.
A 4.4% CAGR was recorded between 2019 and 2023 for Japan’s market.
China is experiencing rapid growth, predicted at a CAGR of 6% by 2034.
The natural draft segment is anticipated to expand at 4.6% CAGR by 2034.

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Competitive Landscape

A field erected cooling towers market is characterized by global and regional players. The companies leverage product quality, product design innovation, and pricing strategies to attract consumers and increase market share.

Some of the key developments are

In March 2023, Delta Cooling Towers, LLC, which provides precision climate control solutions, such as cooling towers and air conditioning equipment, expanded operations in Barbour County and invested $6.7 million.

Report Scope

Attributes	Details
Estimated Market Size in 2024	US$ 2.1 billion
Projected Market Valuation in 2034	US$ 3.5 billion
Value-based CAGR 2024 to 2034	5.1%
Forecast Period	2024 to 2034
Historical Data Available for	2019 to 2023
Market Analysis	Value in US$ million/billion
Key Regions Covered	North America Latin America Western Europe Eastern Europe South Asia and Pacific East Asia The Middle East and Africa
Key Market Segments Covered	Type Design End User Region
Key Countries Profiled	The United States Canada Brazil Mexico Germany United Kingdom France Spain Italy Poland Russia Czech Republic		Romania India Bangladesh Australia New Zealand China Japan South Korea GCC countries South Africa Israel
Key Companies Profiled	SPX Cooling Technologies, Inc. (USA) ENEXIO Management GmbH (Germany) Hamon & Cie (International) SA (Belgium) Baltimore Aircoil Company, Inc. (USA) Paharpur Cooling Towers Ltd. (India) Babcock & Wilcox Enterprises, Inc. (USA)	Brentwood Industries, Inc. (USA) Delta Cooling Towers P. Ltd. (India) Evapco, Inc. (USA) International Cooling Tower Inc. (USA) Mesan (USA) Evaptech, Inc. (USA)

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Organic Rice Protein Market Anticipates Steady 4.1% CAGR Surge Towards 2032

Future Market Insights research indicates that over the estimated time frame, the organic rice protein market is expected to grow at a CAGR of 4.1%. The industry is expected to increase in value from US$ 104.1 Million in 2022 to US$ 155.6 Million in 2032. The market for organic rice protein was worth US$ 98.7 million at the end of 2021.

Rice is an important staple cereal that is consumed throughout the world. Organic rice protein is the protein derived from organically grown rice which has a high content of methionine and cystine. The rice grown is free from genetically modified organisms (GMO) and thus doesn’t contain any type of toxins and allergens in the organic rice protein powder. Organic rice protein is very rich in amino acids which are essential for body muscles, the immune system, and the building of body tissues.

It also supplements the amino acids which are not synthesized in the body and need to be taken by dietary supply. Among various amino acid, the ones high in content are Glutamic acid, Arginine, Aspartic acid, and Leucine. The organic rice protein extraction methods include hexane-free extraction and low -temperature extraction.

Organic rice protein is available in flavors that contain stevia as a sugar substitute and are easily digested. The protein content is approximately 80% in the organic rice protein powder and can be consumed in hot or cold recipes.

Organic rice protein is an important dietary source and most importantly it is made without the use of preservatives, polychlorinated biphenyls (PCBs) which are organic pollutants, and other chemicals. The organic rice protein market is mostly driven by high demand in sport and athletics segment.

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Also, it is a good protein alternative to whey, and soy proteins which otherwise cause allergies thus driving the global organic rice protein market. Besides, an increase in penetration of health awareness and also consumer attraction towards products of health benefits assists in the growth of global organic rice protein market. The global organic rice protein market is anticipated to grow significantly at a higher pace during the forecast period.

The global organic rice protein market is geographically divided in to five key regions including North America, Latin America, Europe, Asia-Pacific and Middle East & Africa.Europe, especially Germany holds the signifcant share of organic rice protein market due to the increased importance of healthier lifestyle. Followed by Europe is North America and Asia Pacific, Latin America and MEA. The global organic rice protein market will show an increasing trend of consumption due to increasing penetration of health awareness during the forecast period.

Key Players

Some of the key players identified in the global urease market are NewGen Direct Ltd, Axiom Foods, Inc., Hill Pharma, Inc., AIDP Inc, RiceBran Technologies, Golden Grain Group Limited etc.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections done using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type, machine size and end use.

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Regional analysis includes

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

The report is a compilation of first-hand information, qualitative, and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and geographies.

Organic Rice Protein Market

The global organic rice protein market is segmented on the basis of the extraction process, type, and application.

Based on the extraction process, the global organic rice protein market is segmented into:

Hexane-free protein extraction
Low-temperature protein extraction

Based on the type, the global organic rice protein market is segmented into:

Concentrates
Isolates

Based on the application, the global organic rice protein market is segmented into:

General applications
Nutritional Supplements
Baking
Flavor Enhancements & Savory Flavors
General Foods
Others
Functional applications
Dispersibility
Emulsification

Based on the end user, the global organic rice protein market is segmented into:

Sports and Energy
Dairy
Bakery
Beverages
Other

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Ferulic Acid Market Set for Steady Growth, Expected CAGR of 6.74% by 2032

In 2022, the size of the world ferulic acid market was estimated to be worth US$ 67.8 million. By the end of 2032, it is anticipated that ferulic acid sales would have increased overall at a strong CAGR of 6.74%, amounting to about US$ 130.1 Million.

The rising demand for an anti-ageing cream is predicted to propel the global ferulic acid market forward. Ferulic acid is also utilized as a preservative in the food industry in some areas. Naturally, the antioxidant property is not restricted to preventing wrinkles; it also battles cancer and aids in the treatment of diabetes.

Ferulic acid has a wide range of biological activities including anti-inflammatory, transcription factor stimulation, antimicrobial, metal chelation, anti-allergic, antithrombotic, elevated sperm viability, signal transduction, enzyme activity attenuation, and gene expression. These adaptable properties will undoubtedly garner the pharmaceutical sector, cruising the ferulic acid market to a great extent.

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Ferulic Acid Market: Competition Assessment

The FMI’s Ferulic Acid market report provides a dashboard view of major players operating in the Ferulic Acid market. Some of the key players are:

Delekang
Top Pharm
Healthful International
Ankang
Huacheng
Hubei Yuancheng
App Chem-Bio
Yuansen
Shanghai Bettersyn Biotech
Oryza
OkayasuShoten
CM Fine Chemicals

With an extensive SWOT analysis, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of each player. The report also includes important data including the sales strategy, pricing strategy, and marketing strategy adopted by these players in the Ferulic Acid market.

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Key Segments Covered in the Ferulic Acid Industry Survey

By Type:

Synthetic

Natural Ferulic Acid

Against Type

Sequence Type

By Application:

Food

Cosmetics

Pharmaceuticals

By Packaging:

Interior Packaging

Exterior Packaging

By Region:

North America

Latin America

Europe

Asia Pacific

Middle Eats & Africa

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