Market Research Blog – Page 8963 – New Product Development

Food Warmer Machines Market Size, Share 2030: Present Scenario and Growth Prospects

A food warmer machine is typically a table-top device which is used to maintain the serving temperature of prepared food, and finds application in homes and restaurants. Commercial food warmer machines find use in restaurants as well as outdoor food carts.

Stainless steel food warmers are a great investment for any restaurant, pub or kitchen. The food warmer machines ensure that the food is served at optimal temperature and business is promoted by retaining a positive experience for customers.

Global Food Warmer Machines Market: Market Dynamics

Drivers for Food Warmer Machines Market

Food warmer machines are gaining immense popularity across the globe. The main reason behind its promising popularity is the fact that food warmer machines inflict a high degree of convenience to the consumers.

On a commercial scale, food warmers are an obligatory investment, however the popularity of residential or home food warmer machines is redefining the dynamics of the global food warmer machines market. As instructed by FDA, Hot foods should be kept at an internal temperature of 140 °F or warmer, particularly to restrict from bacteria to thrive on it and to also provide a satiating experience to the consumers.

The rising trend of outdoor kitchens and modern kitchens has also been a factor in augmenting the demand for residential food warmer machines.

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Trends for Food Warmer Machines Market

Comfort food is on the minds of holiday shoppers. Portable food warmer machine is a kitchen appliance that brings along a plethora of benefits associated with its use. A portable food warmer machine makes it easy for the consumers to stick to the diet plan.

These portable food warmer machines come in different sizes and features, sufficing the varied requirements of the global consumer base. For example, a food warmer unit with adjustable temperature provides the ease of achieving the best food cooking process, while the one with a timer function makes it easy to achieve the best results while the process of cooking food.

On similar lines, an automatic temperature control allows the consumers to have full control of the food warming process.

Opportunities for Food Warmer Machines Market

Technological product innovations are the root cause of global food warmer machine market. Manufacturers operating in the global food warmer machine market are introducing advance features to encompass all requirements of the consumers.

For instance, the CookTek SinAqua Souper induction warmer automatically indicates when the soup needs to be stirred. The product has a built-in timer and gives a warning if the pan is becoming dry. Smart homes and smart kitchen appliances are expected to witness a boom over the forecast period.

Challenges for Food Warmer Machines Market

A major challenge for the global food warmer machine market is the irregularity in market structure caused by counterfeit products. Another restraint to the otherwise growing global food warmer machines market is that small kitchens have space restraint.

The food warming drawers occupy large space and ought to be skipped in case of small kitchens. Asian kitchens are small and compact and cannot accommodate food warmer machines, without compromising on shelf space.

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Global Food Warmer Machines Market: Key Players

The key players in the food warmer machines market are

Samsung Group
Prestige
LG Corporation
Robert Bosch GmbH
Bajaj Group
Milton
Nemco
NutriChef
MegaChef
Winco
Airex and Koninklijke Philips N.V.

Innovative designs and technological advancements within the category are driving the competition within the food warmer industry. Manufacturers are introducing high-end features in the product offerings to gain an edge over other manufacturers.

Siemens, for instance, markets a warming drawer that is ideal for pre-warming dishes, for keeping foods hot over a longer period of time and also for low-temperature cooking, together leading to more convenience and flexibility in the kitchen.

Food Warmer Machines Market: Regional Outlook

Most Americans are always on the go and more often seem to be on a run. The majority population is going to and from work, running from one appointment to the next, or picking up kids, and otherwise going to business meetings and social outings. Such on-the go lifestyle highlights the importance of food warmer machines and defines the growing demand for the same.

Foodservice establishments mostly prefer warming trays made of metal. The reason being, restaurants, hotels, and catering companies require foodservice equipment capable of withstanding heavy-duty usage. Asian foodservice market is growing and following the same trend, the commercial food warmer machines market is blooming in Asia.

Beurer Gmbh, a European health & well-being company, manufactures baby food/ bottle warmer. Baby food warmer machines are used to heat the baby food, as it heats baby’s frozen food, formula and even breast milk very quickly and efficiently.

The food warmer machines score above microwave because food warmers do not leave the spots behind as in the case of microwave. Moreover, food warmers never over heat the food, and are available in two models, electric and digital. Many baby food warmer machines come with a built in sterilizer that can clean baby bottles, adding to the convenience of consumers.

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Elastomeric Coatings Market is Set to Witness an Uptick Size USD 11.36 Billion to 2029 | Says FMI Analyst

The global elastomeric coatings market was valued at US$ 5.2 Bn at the end of 2021, and is expected to witness lucrative growth at a CAGR of 7.6% during the forecast period of 2022-2029. Rising demand for eco-friendly and advanced coatings coupled with growing building and construction activities makes elastomeric coatings a popular and innovative choice in the market.

Through constant research & development, elastomeric coatings are finding applications in different areas. The growing construction industry is expected to catalyze the growth of the elastomeric coatings market. Further, superior property of the product – water resistance – efficiently protects the intrusion of moisture into the walls, in the construction industry.

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Key Takeaways of Elastomeric Coatings Market Study

By type, silicone is expected to be most popular choice of elastomeric coatings, owing to the increasing consumption of silicone-based elastomeric coatings for roof protection against bad weather, standing water, and sun damage.
In terms of application, the building and construction industry is expected to be a prominent consumer of elastomeric coatings. This is driven by the increasing construction of commercial, domestic, and industrial buildings across geographies. Furthermore, it is expected that, the application of elastomeric coatings on roofs will be prominent throughout the forecast period.
The elastomeric coatings market is anticipated to grow at a decent rate in developing economies, especially in China, India, ASEAN countries, etc., as favorable market conditions and a large consumer base are fueling the demand for elastomeric coatings.
Advanced coating technologies have gained tremendous attraction for waterproofing purposes in several industries such as building & construction, automotive & transportation, chemicals, oil & gas, energy & power, etc. Therefore, the shifting trend towards the adoption of advanced coating technologies is expected to drive the growth of the elastomeric coatings market.

“Elastomeric coatings hold more advantages over other coating systems, owing to lower VOC emissions and recyclability, which makes them a preferred choice because of their eco-friendly properties. Attributed to this factor, the demand for elastomeric coatings is anticipated to grow at a significant rate over the forecast period.”

Elastomeric Coatings Market: Competition Analysis

The global elastomeric coatings market is a consolidated market space, due to the presence of less number of market players around the world. Some of the key players identified across the value chain of the global elastomeric coatings market are BASF SE, Rhino Linings Corporation, PPG Industries, Inc., Teknos Group, Huntsman Corporation, Covestro AG, Sherwin-Williams Company, Pidilite Industries Ltd., Versaflex Incorporated, and DowDuPont Inc., among others.

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Most of the key players maintain strategic focus on the development of distribution partnerships and joint ventures for global expansion. Manufacturers are focusing on manufacturing sustainable products to cater to the increasing demand for such products for various applications.

Elastomeric Coatings Market By Category

By Types :

Acrylic
Polyurethane
Epoxy
Silicone
Polyurea
Others

By Application :

Building & Construction
Industrial
Automotive & Transportation
Others

How will the market shape up?

Overall growth prospects of economies are expected to remain positive in the coming years. Owing to rapidly growing industrialization and urbanization, end-use industries such as construction are growing at a significant growth rate, which, in turn, is boosting elastomeric coatings market growth.

The building and construction segment is estimated to maintain its prominence over the forecast period, whereas, the usage of elastomeric coatings in industrial applications is projected to gain high traction at a steady peace.

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What does the report offers?

The latest publication by Future Market Insights provides comprehensive analysis of the global elastomeric coatings market. This market study provides detailed insights on the elastomeric coatings market through well-structured market research.

The global elastomeric coatings market study offers inclusive market analysis of historical performance of 2014-2021 and opportunity assessment for the forecast period of 2022-2029. The market study provides prevalent insights on various aspects of the elastomeric coatings market based on type and application across the targeted seven regions.

Explore FMI’s Extensive ongoing Coverage on Chemicals & Materials Domain

Water Proof Coatings Market: The global proof coatings market is set to thrive at a CAGR of 4.02% between 2022 and 2032 while holding a value of US$ 15.81 Billion in 2022. The anticipated value of US$ 23.45 Billion by 2032.

Wood Coatings Market: The wood coatings market is anticipated to garner a modest strength with a CAGR of 5.9% during 2022-2032. Stringent regulations, increased competition, a rise in unique formulations, and new product advancements are some of the reasons driving the growth of the wood coatings industry.

BRIC Performance Coatings Market: The BRIC performance coatings market is expected to generate US$ 95.9 billion in revenue in 2022. The market is anticipated to grow at a CAGR of 5.3% to reach US$ 8.66 billion by 2032.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 7-years.

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Electric Corkscrew Market Industry Overview Research Report 2030 | FMI

Corkscrew is an indispensable companion for very wine lover, or by large an alcohol lover. A sealed bottle can be easily opened using an integrated foil cutter. Screw pull-designs, rabbit-designs and various other corkscrews have been ditched for electric corkscrews, the latest addition in the global corkscrew market.

Though wine openers have been an integral part of the alcohol industry; with time, the types of corkscrew, and the materials used have evolved constantly. Technology is enveloping every aspect of our life, and so the modern-day technology has impacted the design of corkscrews; bringing electric corkscrews in stiff competition with the regular ones.

Electric wine openers are made up of stainless steel, which is durable and rust-resistant, and as a product of technology, improves the reliability quotient and also does not demand strength for opening the cork. Apart from durability, electric corkscrew is gaining popularity owing to its convenience, ease of functioning and swiftness.

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Global Electric Corkscrew Market: Market Dynamics

Drivers for Electric Corkscrew Market

Technological angle has been thriving across the globe. Higher technology helps make life better by providing more abilities. Electric corkscrew have witnessed a surge in demand owing to the convenience it provides, for instance, using an electric corkscrew dismisses the need for controlling the cork removal or when it is falling apart.

Most importantly, electric corkscrews are extremely easy to use without the pressure of adjusting the direction of cork’s pulling or having the right type of leverage of pulling out the cork. Electric corkscrew accomplishes its job in a blink of a second, moreover, it does not result in cork crumbling, a most probable occurrence in case of regular wine openers.

Trends for Electric Corkscrew Market

Home parties are a regular thing among the Generation Z, triggering the rise in sales of electric corkscrews for efficient alcohol flow. In general, relaxed drinking is a habit of a majority of population across the globe, marking the need for corkscrew, electric ones to make it better.

An electric corkscrew holds the potential to open up to 30 bottles on a single charge. With its simple push-button operation, the use of electric corkscrew does not require any hard pushing down or twisting.

Coronavirus pandemic, social distancing, and increased alcohol consumption are walking sideways. With closed nightclubs, wine tasteries and pubs, people are increasingly shifting to at-home consumption, driving the demand for wine accessories

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Opportunities for Electric Corkscrew Market

Electric corkscrews are witnessing a positive trajectory amidst the premium gift set category. Courtesy, its compact and ergonomic design, electric corkscrews are becoming more and more popular as gifts for friends or family. Keeping in terms with the gifting purpose, elegant and sleek designs electric corkscrews are being introduced into the global space.

A plethora of electric corkscrews are available in a variety of colors. Moreover, these trendy electric corkscrews provide a beautiful lighting effect while operating. Also, there is a section of legacy corkscrews that are specifically designed with decoration in mind.

Challenges for Electric Corkscrew Market

A major challenge regarding the electric corkscrew is that, as all other electronics, it needs to electric power to function. Additionally, for outdoor preparation the electric corkscrew has to be charged prior. However, a fully charged electric corkscrew functions well for approximately 25-30 bottles before recharging.

Another of its challenge is the product’s life is a notch lesser than a regular quality-built wine opener, also it barley compensates with cost. The electric corkscrews with battery-operated models are costlier. While the vast majority of winged corkscrews and wine keys cost less than $20-$25, the more advanced lever and electric wine openers range $30-$50.

Global Electric Corkscrew Market: Key Players

The key players in the electric corkscrew market are

Peugeot Saveurs
Ozeri, Secura Inc.
Oster
Ivation
Houdini
Cuisinart
Sharper Image
Epicureanist
Waring
Honelife
Rabbit.

The electric corkscrew market is gaining competition, however stands dominated by the leading companies. For the new entrants, it is high innovation and supreme quality which might help in cutting through the competition and make a mark in the electric corkscrew industry.

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Electric Corkscrew Market: Regional Outlook

Global electric corkscrew market is led by Europe, owing to its widespread trend of having corked wine bottles. The technology adoption rate is higher in US and so people are taking to the possession of electric corkscrews, coupled with a rising wine consuming population is triggering the anticipated market growth over the forecast period.

A similar hike is witnessed in the demand for electric corkscrew market in the Asian countries. Aicok, Oster, Waerator, Naisidier are popular brands in India. The Electric Wine Bottle Opener by Naisidier makes an ideal gift for all wine lovers.

The gift set includes a wine bottle opener, usb charger cable, wine foil cutter, wine pourer, and a vacuum stopper. The product features a blue light that illuminates when the button is clicked, staying until the cork is removed and after which the red light emits.

Regional Analysis Includes

North America (U.S., Canada)
Latin America (Mexico, Brazil)
Europe (Germany, Italy, France, U.K, Spain, Poland Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia & New Zealand)
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The global electric corkscrew market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.

Global Electric Corkscrew Market: Market Segmentation

Basis of Material :

Stainless Steel
Wood
Plastic

Sales Channel :

Supermarkets/ Hypermarkets
Convenience Stores
Online Retailers
Specialty Stores

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Mining Lubricants Market Worth US$ 2,988.6 Million by 2030, Growing at a CAGR of 3.4% From 2022

Future Market Insights, in its incisive study on the mining lubricants market, opines that the market is slated for 3.4% growth through the forecast period (2022-2030). Growing investments in Asia Pacific are likely to offset subdued growth in key markets, with coal and iron ore mining sector driving demand.

Manufacturers are working on product differentiation strategies to develop lubricants that have prolific anti-friction properties, high pressure additives and the correct anti-wear agents. Sharper profit margins are underpinned by lubricants used in equipment such as coal crawler excavators.

Key Takeaways of Mining Lubricants Market Study

The mining lubricants market is slated to reach US$ 2.98 Bn by 2030
High performing lubricants and greases are growing in demand as covid-19 tightens operating costs
Coal mining largest application avenue, accounting for over 50% mining lubricants market share
Open pit mining is heightening the adoption of loaders, roof bolters, draglines and haul trucks thus boosting demand for lubricants
Bio-based lubricants pipped as a log-term solution, but current market dynamics in favor of synthetic variants

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For mining companies, operational and maintenance costs account for a significant share. Increasing awareness among companies about the proper usage of lubricants has decreased the maintenance cost of equipment. Moreover, it has also helped companies to avoid unexpected shutdowns”, says an FMI analyst.

Key Companies Profiled:-

BP plc
Calumet Specialty Products Partners
Royal Dutch Shell PLC
Chevron Corporation
Exxonmobil Corporation
Fuchs Petrolub SE
Kluber Lubrication
Lukoil
Petrochina Company Limited
Petronas
Quaker Chemical Corporation
Schaeffer Manufacturing Co.
Total S.A.
Petro Canada Lubricants Inc. (Holly Frontier acquired)

Mining Lubricants Market – Competition Landscape

Technological advancements in lubricants is acting as a catalyst for mining lubricants market players to move up the value chain. The mining lubricants marketplace remains moderately fragmented, with Shell, Exxonn Mobil and Chevron as the traditional triumvirate.

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With size of mining equipment undergoing a seismic shift, manufacturers are strategizing to come out with differentiated offerings that lower maintenance costs.

Schaeffer, a privately held US company specializing in heavy duty lubricants, has demonstrated the capability of extending working time of mining equipment by several hours. Besides this, the company’s lubricants create a highly durable shield thus reducing metal-to-metal contact and friction
Total, on the other hand, closely collaborates with its mining company clients, advising them on correct lubricant storage solutions. It recommends the first in, first out approach thus reducing costs on obsolete inventories by as much as 6% – 19%
Exxon Mobil, in the year 2021, expanded its refinery at Singapore for better upgradation of Group II lubricants stock to remain competitive in the market

COVID-19 Impact on Mining Lubricants

In the first quarter of 2022, lubricant players have bore the brunt of the COVID-19 crisis as the virus rampaged across China, Europe and North America. Many had to fully or partially shut down operations. Sales of lubricants were down by as much as 70%-75% in Asia Pacific. Industry experts predict a gloomy outlook for the near term as it will take a few quarters for the market to come back to normalcy.

With lockdowns in force in Europe, Asia and North America, there has been a cessation in mining activity. Consumption of lubes has dropped and many lube refiners are being forced to cut down their throughput by at least 20%-30%.

The daily global oil demand is also set to shrink by a few million barrels leaving an unpleasant residual impact on the mining lubricants market. The use of inventories to meet pending demand and cash reserves will help lubricant manufacturers to sail through this turbulent time in the short-term.

Mining Lubricants Market by Category

By Product Type:

Oils
Grease

By Source:

Synthetic Lubricants
Bio-based Lubricants

By Application:

Coal Mining
Bauxite Mining
Iron Ore Mining
Precious Metals & Rare Earth Minerals Mining
Industrial Mineral Mining
Others

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Want to Know More?

Future Market Insights has published a market research report on the Mining lubricants market that contains global industry analysis for 2015–2021 and opportunity assessment for 2022–2030. The report provides insightful analysis of the Mining lubricants market through four different segments- product type, source, application, and region.

The Mining lubricants market report also provides demand trends of different types across industry verticals, a comprehensive list of service providers in the market, various projects around the world, along with a detailed overview of the parent market.

Explore FMI’s Extensive ongoing Coverage on Chemicals & Materials Domain

Mining Collectors Market: The Mining Collectors market report covers comprehensive information about market volume (tons) and value (US$ Mn) projections, market dynamics, market opportunities, competition and recent developments in the global Mining Collectors market for the study period 2018 to 2027.

Iron Oxide Market: The global iron oxide market size is estimated to be valued at around US$ 2,525.85 Mn in 2022. Sales of iron oxide are projected to increase at a healthy CAGR of 4.1% from 2022 to 2032.

Metalworking Fluids Market: Demand for removal fluids is projected to rise at 3.5% to top 1,354,497 Tons in terms of volume, while the forming fluids segment is expected to grow at 2.7% to total 772,256 Tons.

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Bar and Prep Faucets Market – This is How Leading Companies Are Dominating the Global Market

The global bar and prep faucetswitness an increased demand for globally. The reason being, pull down bar faucets are a popular water efficient fixture. Continuing concerns regarding water scarcity and water wastage has mounted the demand for water-efficient products.

A defective water distribution system and disproportionate water distribution both have resulted in the consumer shift towards approaches involving installation of plumbing fixtures and fittings that use less water.

Bar and prep faucets are designed in accordance with a secondary prep sink in the kitchen or for the bar sinks in kitchen, home theater, recreation room, or elsewhere. These bar and prep faucets are available with pull-down or pull-out spouts, having one handle or two handles, and in a variety of finishes making it easier to be able to coordinate with other fixtures in the room.

The popularity of bar and prep faucets is because of the convenience factor it brings with itself. Home owners are now expanding the kitchen and increasingly installing a bar sink faucet.

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Manufacturers recognize the attractiveness of secondary faucets and put forward bar faucets that is in compliance with the products they sell alongside main sinks. This trend has readily made available bar faucets complementary to any kitchen style, ranging from contemporary to transitional to traditional.

Global Bar and Prep Faucets Market: Market Dynamics

Drivers for Bar and Prep Faucets Market

Technological advancements within the product category and the existing features it provides is one such factors driving the demand for bar and prep faucets market. The installation of bar and prep faucets has instilled convenience in kitchen work. Since, the smaller, secondary faucet can serve as a place for hand washing, beverage refilling and prep work if the main sink is occupied.

In cases of small or outdoor kitchens with little space, bar and prep faucets can serve as the primary sink, and for bar areas, a prep sink and bar faucet turns the place attractive and handy. The addition of a prep sink and bar faucet can also increase home value as well as increasing flexibility in the kitchen or bar by creating an additional prep area.

Trends for Bar and Prep Faucets Market

A major benefit of a bar faucet is the high clearance it endows on glassware. Traditional sinks more make it tough to accommodate specialty glassware, pitchers, and other common drink ware. A simple tall J-spout gives an 8 1/2” clearance, making it easy to hold glassware even with a small bar sink. Besides improving the practicality, the high clearance also results in an aesthetically pleasing fixture.

Apart from providing extra space, bar sink and faucets connected with a hot water dispenser provide instant access to hot water. Another of its many perks is that bar faucets can also be hooked to cold water dispensers and water filters, making it a means of cool and refreshing drinking water.

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Opportunities for Bar and Prep Faucets Market

Bar and prep faucets are available in single-handle as well as two-handle traditional models, and also available with pull-out or pull-down spray spouts. While a section of bar faucets operates by touchless controls, some models have sensors in the spout and the base of the faucet that react to motion in front of the faucet.

Smart devices are taking a toll overall industry segments and mounting the sales. The trend is making its foray into the bar and prep faucets market. For instance, one of the latest additions is the voice activation feature, where the bar faucet responds to the voice to control the flow of water. Additionally, most of these touch less and voice-activated bar and prep faucets have lights indicating the water temperature.

Challenges for Bar and Prep Faucets Market

A major challenge hovering around the bar and prep faucets market is the issue of counterfeit products. Various manufacturers are facing issue in competing with cheap products and big-box stores. With the increasing demand of bar and prep faucets market, the outmaneuvering of the opposition is hiking too. The low quality and counterfeit products are not certified by the FDA and NSF and also, do not comply with any of the safety requirements.

Global Bar and Prep Faucets Market: Key Players

The key players in the bar and prep faucets market are

Wayfair
Kingston Brass
Moen
Kohler
Delta
Rohl
Miseno
Design House
Blanco
Jaqaur
Perrin & Rowe
American Standard
Newport Brass
Cucino
Brizo
Franke
Central Brass
Grohe
Elkay
Kraus
American Imaginations
Peerless and Hansgrohe

The companies have adopted product innovations as the prime strategy to compete within the cut-throat competition prevailing in the global bar and prep faucets market. Taking into consideration, the customer focus on aesthetics of kitchen and overall house, companies are introducing, high-end designed products into the market.

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Bar and Prep Faucets Market: Regional Outlook

North America holds a major share in the global bar and prep faucets market. An expanding residential sector drives the demand for bar and prep faucets in the region. Moreover, consumers in North America are fast moving towards technologically advanced kitchen fixtures. Enhancing the kitchen aesthetic is another reason to witness high demand for bar and prep faucets in the region.

The growing urbanization across China, India, Japan and Singapore is mounting the demand for kitchen faucets, thereby uplifting the bar and prep faucets market in Asia-Pacific. Kitchen improvement, in present times, is a priority in Indian homes.

Europe is anticipated to witness an upsurge in the bar and prep faucets market over the forecast period. Heavy remodeling and the rising shift towards outdoor kitchens are leading to the augmented demand for bar and prep faucets. Outdoor kitchens and outdoor dining are uplifting the overall kitchen fixtures industry, implying a growth in the bar and prep faucets market.

Regional Analysis Includes

North America (U.S., Canada)
Latin America (Mexico, Brazil)
Europe (Germany, Italy, France, U.K, Spain, Poland Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia & New Zealand)
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The global bar and prep faucets market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment.

The report also maps the qualitative impact of various market factors on market segments and geographies.

Bar and Prep Faucets Market: Market Segmentation

End-use:

Residential
Commercial

Mount :

Single Hole
Wall-Mounted
Others

Sales channel :

Wholesalers/Distributors
Supermarkets/ Hypermarkets
Convenience Stores
Online Retailers
Specialty Stores
Other Sales Channels

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North America Defoamers Market is projected to grow at a steady CAGR of 4.2% during 2021-2031

According to a recent analysis by Future Market Insights (FMI), the demand for defoamers market is predicted to grow significantly in the pulp and paper and wastewater industries. The market is predicted to grow at a CAGR of 4.0% over the projected period, reaching a value of US$ 1,920.0 Mn by the end of 2031.

According to FMI, silicone defoamers will have more than one-third of the market value share in 2021, and it is anticipated that this dominance will last the entire duration of the assessment. However, because to the terrible economic climate brought on by the covid-19 epidemic, the market saw a significant fall in 2020.

A defoamer, sometimes referred to as an anti-foaming agent, is a chemical additive that aids in reducing foam production and also stops the formation of excess foam in industrial process liquids. Defoamers are widely utilized in a variety of industrial verticals for a variety of purposes, including food processing, paints & coatings, pulp & paper, paint & coatings, water & wastewater treatment, textiles, and many more.

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Geographically, East Asia is estimated to dominate the market during the projection period. Major players in the defoamers market are planning to expand their distribution in the existing markets of U.S. and Europe. Key players are focusing on expanding their reach by diversifying supply chains to avoid disruptions.

Due to the COVID -19 crisis, end users have been impacted in several ways on account of the disrupted supply chain across the globe. In addition to restrictions in trade, shortage of labor and increase in raw material prices also impacted the defoamers market. However, the demand is expected to regain its previous growth from the first half of 2021.

Key Takeaways of Defoamers Market Study

Aqueous defoamers will account for more than 80% of the market by 2031 owing to ease of use in water treatment, paints and coatings, and pulp and paper applications.
Silicone based defoamers will reflect the fastest growth with a 4.7% CAGR, supported by consistent process outcomes.
China will dominate East Asia through 2031 with value share over 63% owing to the presence of major production facilities.
Germany holds the lead in the Europe market with a US$ 77.2 Bn valuation in 2021, driven by matured chemical and manufacturing sectors.
The U.S. will account for nearly 90% of the North America market by 2031, supported by the presence of varied end-user industries in the country.

“Key players globally are assessing various solutions in the supply chain, which will help them maintain business continuity with minimum disruption due to unforeseen events, since the onset of the COVID-19 crisis. Moreover, key players are planning to diversify their supply chains to reduce dependence on singular sources and continue production without interruptions in the coming decade,” says an FMI analyst

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Market Landscape: Competitive Overview

The global defoamers market is moderately consolidated, with some of the leading players accounting for a prominent share of the market. Manufacturers are focusing on strengthening their market presence globally by the acquisition of regional players and investing in research and development to stay up to date with the new trends in the market. Players are also adopting other distribution channels such as e-commerce and online platforms to help cater to demand.

Key market participants include BASF SE, Dow Chemical Company, Evonik Industries, Kemira Oyj, Buckman, Air Products & Chemicals Inc, Accepta, Ecolab Inc. (Nalco), Ashland Inc, Synalloy Chemicals, Blackburn Chemicals Limited, Elementis PLC, Bluestar Silicones France SA, Clariant Chemicals Company, KCC Basildon, Royal DSM N.V, Shin-Etsu, ADEKA Corporation, Wacker Chemie AG, Tiny ChemPro, Elkem Silicones ASA, Teijin Ltd, among others.

Defoamers Market by category

Product Type:

Powder
Silicone Defoamers
Oil Defoamers
Emulsion Defoamers
Polymer Defoamers

By Medium of Dispersion:

Aqueous Systems
Non-Aqueous/ Solvent

Application Type:

Chemical Formulation
Textiles
Construction Materials (cement, mortar, grouts etc.)
Paints & Coatings
Pulp & Paper
Food Processing
Pharmaceuticals
Household & Personal Care
Water and Wastewater treatment

Region:

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

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Future Market Insights has published a market research report on the Defoamers market that contains global and Indian industry analysis for 2016–2020 and opportunity assessment for 2021–2031. The report provides insightful analysis of the Defoamers market through three different segments- product type, end use and region. The Defoamers market report further provides demand trends of different types across industry verticals, a comprehensive list of service providers in the market along with a detailed overview of the parent market.

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Propanol Market to Receive Overwhelming Hike USD 3,878.6 Million in Revenues by 2029

This is the main factor as to why the global propanol market is estimated at US$ 3,099.4 Mn in 2022, and is projected to experience steady growth during the forecast period of 2022-2029. East Asia will see the most opportunities for manufacturers over the period of forecast, with pharma- and electronic-grade isopropanol experiencing increasing sales.

Growing utilization of propanol as a direct solvent in paints and coatings, household & industrial cleaners, and others is expected to pave the way for its robust sales during the projected timeline.

The implementation of new technologies or methods over conventional methods, and production capacity expansion and footprint expansion, remain the key strategies followed by propanol manufacturers to enhance productivity and capture new opportunities in the propanol market.

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Key Takeaways from Global Propanol Market

In the coming years, as compared to isopropanol, n-propanol is expected to register a slight increase in demand, owing to new laws and regulations regarding the usage of low-VOC-emitting chemicals in pharmaceutical and food processing applications.
Pharmaceutical and electronic-grade isopropanol is likely to be sought after in the future, owing to the growth of pharma and semiconductor industries. Worldwide, propanol used as a direct solvent across various industries is projected to account for a prominent share in the global propanol market.
Growth prospects are high in emerging markets such as India, China, and Mexico. Companies are focusing on different strategies in order to ensure good presence in both, emerging and matured markets. Since there are limited opportunities for propanol manufacturers in developed regions, manufacturers in the propanol market are focusing on emerging markets to capture a larger share in the landscape.

“Volatility in petroleum feedstock prices as well as propylene prices may impact the future price of propanol as well as market growth. Increasing cost of propylene is encouraging manufacturers to adopt acetone-based isopropanol production, especially in Asian countries. Acetone-based propanol production increased from 2% to 25% from 2002 to 2018 in Asian countries,” says an FMI analyst.

East Asia Set to Become Self-sufficient in Propanol

In the year 2014, the capacity base of propanol in East Asia surpassed that of North America, primarily following the start of several new facilities in China and South Korea. During the period of 2014-2021, massive addition in capacity has made China a prominent producer in Asia Pacific.

In China, future import volumes are expected to decline as the country moves towards self-sufficiency. Globally, oversupply of propanol has constricted its growth and demand. At present, the total global production capacity of propanol stands at around 3,400 KT, with approximately 60% utilization rate.

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Looking for More Information?

A new market report on propanol published by Future Market Insights brings to the fore a pin-point analysis of the propanol market, and offers comprehensive information with historical demand data for 2014-2021 and forecast statistics for 2022-2029.

The study offers insightful information on the global propanol market based on various categories – type (n-propanol, isopropanol), application (solvents, chemical intermediates, pharmaceuticals, household & personal care products, and others), across seven regions.

This study highlights key market players who are well-known vendors and have proven themselves as key shareholders in the global propanol market. Some of the propanol market players included in the report are BASF SE, Royal Dutch Shell Plc, ExxonMobil Corporation, Sasol, LG Chem Ltd., and Eastman Chemical Company, among others.

Propanol Market By Category

By Types :

N-Propanol
Isopropanol

By Application :

Solvent
Chemical Intermediate
Pharmaceutical
Household and Personal Care Products
Others

2014-2021 Propanol Market Outlook Compared To 2022-2029 Forecast

Sales of propanol increased at 2.5% CAGR, between the period of 2014 and 2021, owing to moderate demand outlook from the end use sectors such as pharmaceuticals and chemical intermediate.

A decrease in the demand for n-propanol from certain end users during the pandemic crisis has impacted the overall growth of the market, although in upcoming years the growth is expected to bounce back to its original pace based on the recovery of the economic conditions. However, substantial demand for sanitizers has boosted the market for isopropyl alcohol.

The key driver of the market is the rising use of propanol in paints and resin, pharmaceuticals, personal care products, de-icers, cosmetics, inks, food, and adhesives. Most end users are shifting their focus from isopropanol to n-propanol.

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Considering the new law regarding the utilisation of low volatile chemical compounds, n-propanol has capitalised on a modest increase in demand in food processing and pharmaceutical applications. An increase in the demand for sanitizer all over the globe has bolstered the growth outlook for iso-propanol.

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Monoisopropanolamine Market: MIPA has low molecular weight than other isopropanolamines including diisopropanolamine (DIPA) and triisopropanolamine (TIPA) among others. 1- Amino – 2 – propanol is the chemical name for MIPA.

Acetone Market: The global Acetone market is estimated to reach a total market value of US$ 10,248.6 Mn by the end of 2031, growing at a rate of 4.9% during the forecast period 2021-2031

Renewable Methanol Market: The global renewable methanol market is slated to expand at a CAGR of 6.6% during the forecast period (2022-2032), surpassing US$ 373.5 Mn by the end of 2032.

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Functional Films Market Set to Witness an Uptick Size US$ 47.17 Mn by 2031

According to a study by Future Market Insights (FMI), between 2021 and 2031, the functional films market will be driven by rising applications across various industries, particularly the printing and packaging sector. As more and more industries use technologies to enhance the functional performance of the goods on which functional films serve as a substrate or a barrier, functional films are steadily becoming commercially viable.

The market is expanding as a result of the growth of the plastic and packaging sectors. Their use in the automobile industry is also growing. Automotive displays, car interiors, transmission systems, and lighting are all examples of functional films in use today. The “go-to” materials for lamination and flexible packaging in the packaging industry are BOPP films.

According to FMI, the market for functional films is anticipated to grow to US$ 47.17 Mn by 2031. Both optical and coating films are in very high demand. Coatings films are predicted to dominate this group, growing at an 8.7% CAGR throughout the projection period.

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Key Takeaways of Functional Films Market Study

Application across various industries will continue driving functional films market at .2% CAGR through 2031
The U.S. remains the leading functional films market in North America, accounting for over 68% sales in 2021
After an insignificant year in 2020, the U.K. market will bounce back, registering a little below 6% y-o-y growth in 2021
Germany and France will remain key markets. Of these, Germany will remain dominant through the forecast period
Exceptional growth is likely in Japan, as it continues registering expansion of various end-use industries

“Functional films market, like any other sector, is heavily reliant on prevailing trends. Currently, there is high focus on sustainability especially as some of the leading players invest in environment-positive technologies,” said a lead analyst at FMI.

East Asia is anticipated to lead the global market for functional films. The region’s intense activity has encouraged market participants to develop new items and constantly expand existing product lines. The significant demand from a variety of end-use sectors, such as consumer electronics and automotive, in East Asia is probably helping to shape the market for functional films. The market’s expansion is also reliant on a number of other elements, including the availability of raw materials and a sizable consumer base.

Who is Winning?

Some of the leading companies operating in the functional films market include 3M, Dai Nippon Printing Co. Ltd, Toray industries Inc, SABIC, Covestro AG and Saint Gobain Films.

The functional films market is a highly competitive market dominated global petrochemical and chemical manufacturers and key players who are actively involved in the printing and packaging sector.  Some players are adopting backward integration, directly purchasing petrochemicals and manufacturing films from scratch. The market is also driven by regional players and new entrants who are aggressively involved to build their brand name.

The Tier-1 players hold approximately half the global value share. Drive for product positioning and collaboration are some of the common behavioral trends in the global market.

There is increasing focus on sustainability, especially some of the leading players. For instance, Coveris has built two new extrusion lines at Cheshire-based facility in Winsford, in the U.K. This capacity expansion is intended at supporting the company’s goal to achieve pack positive sustainability.

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Prominent Drivers

Growing demand for plastic films in the medical industry is expected to drive the functional films demand
Increasing application of functional films in automotive, packaging, and solar cells industry is sustaining the demand for functional films
Easy availability of raw materials and low prices of films will continue to improve the growth

Key Restraints

Stringent environmental and governmental regulations will likely limit the growth of functional films
Challenges in plastic recycling and volatile prices of raw material might hamper the demand

Competitive Landscape

Future Market Insights has listed some of the prominent market players for the global functional films market which includes Toppan Printing co. Ltd., 3M, Dai Nippon Printing Co. Ltd., Toyo Ink SC Holdings Co Ltd., Gunze Ltd., Toray Industries Inc., SABIC, Panasonic Corporation, Covestro AG, Mondi PLC, Innovia Films, DuPont Films, Saint Gobain and Polifilm GmbH. According to FMI, with the market being hghly competitive, product positioning and collaborations remains core strategies for leading payers.

For instance, in September 2020, Dunmore announced the launch of a new polyester based scratch resistant antimicrobial film product. This Dun-Shield film offers scratch resistant features, with durable surface and longer shelf life.
Also, in March 2020, Imaflex Corporation, announced the clearance of its next generation crop protection film, ADVASEAL which is a time-saving and cost effective alternative for soil disinfection.
Furthermore, in October 2020, Protection Pro, by Madico announced the launch of new antimicrobial screen protection film called Microbe-X.

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Functional Films Market by Segments

Product Type

Optical film
Coating film
Adhesive film
Conductive film
Reflection Films

End-use Industry

Automotive
Food & Medical Packaging
Renewable
Printing & Packaging
Other Industrial

Region

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

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Dimethylolpropionic Acid (DMPA) Market is Expected to Generate Huge Profits by 2031

For the projection period of 2021–2031, the dimethylolpropionic acid (DMPA) market is expected to grow at an 8% CAGR. The market is expanding because to the demand for long-lasting coatings for heavy-duty applications. The market for dimethylolpropionic acid experienced exponential growth as a result of increasing DMPA use in HVAC systems and electric appliances. According to the ESOMAR-certified consulting company Future Market Insights, one of the key elements fostering market expansion is the production of high-quality and durable coating using electro-deposition.

The analysis found that the COVID-19 pandemic had a short-term detrimental influence on the market. The pandemic caused production facilities to close, which decreased market demand for dimethylolpropionic acid. By the end of 2021, the situation is anticipated to improve when the lockdown is relaxed and the supply chain is restored.

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Key Takeaways

Rising demand of advanced nontoxic coating in the U.S. consumer industry will intensify the market demand.
Surge in production of polyurethane dispersion products will propel growth in Germany.
Growing need of dimethylolpropionic acid in paint and coating industry in China will provide ideal environment for market growth.
Development in the field of automobile and metal industry in India will propel the market growth.
Automotive application of dimethylolpropionic acid is expected to grow at 6% CAGR during the forecast period.

Prominent Drivers

Increased focus on application of powder coating in automotive industry is expected to aid the dimethylolpropionic acid market growth.
Growing necessity of electro-deposition technique in coating and metal industry is expected to boost the market demand.
Rising adoption of polyurethane dispersion products in manufacturing of adhesives will enhance the market growth

Key Restraints

Availability of cheaper alternatives to dimethylolpropionic acid is a major threat to market growth.
Surging use of dimethylolbutanoic acid in polyurethane dispersion restrict the market demand.
Variation in price of raw material for dimethylolpropionic acid manufacturing negatively affects the market demand.

Competitive Landscape

Leading players profiled by FMI operating in dimethylolpropionic acid market include Henan Tianfu Chemical Co. Ltd., GEO Specialty Chemicals, Inc., Shenzhen Vtolo Chemicals Co., Ltd, Perstorp Specialty Chemicals AB and Jiangxi Nancheng Hongdu Chemical Technology Development Co., Ltd. among others. According to FMI, Leading players are focusing to research and development to grow their product portfolio and are also participating in strategic collaborations and acquisitions to strengthen their global position.

One such occurrence is the acquisition of GEO specialty chemicals by CPS performance materials in September 2019. This acquisition allowed to company to penetrate the personal care and nutrition market.

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More Insights on FMI’s Dimethylolpropionic Acid Market

The latest market study on global dimethylolpropionic acid market by Future Market Insights gives a detailed segmentation for the forecast period of 2021-2031. In order to gain a better perspective of the global market potential, its growth, trends, and opportunities, the market is segmented on the basis of product type (Resins, Powder coatings, electro deposition coating), Application (Adhesive, Glass fiber sizing, automotive topcoat, wood finishing), end-use (hospitals, diagnostics centers, ambulatory surgical centers), and across major regions (North America, Latin America, Eastern Europe, Western Europe, Japan, Middle East & Africa, Asia Pacific excluding Japan).

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Mono Propylene Glycol Market Size Predictions : USD 5,159.5 Million by 2032, Report By FMI

Mono propylene glycol (MPG) continues to find application across diverse industries, on the back of its low toxicity and hygroscopic properties. A recent Future Market Insights (FMI) study suggests that the global mono propylene market value will reach beyond US$ 5 Bn towards the end of 2029, witnessing a moderate CAGR during forecast period (2022 – 2029).

Environmental sustainability of bio-based mono propylene glycol will be significantly responsible in upholding its demand in the global market over the course of following years.

Manufacturers in the mono propylene glycol market can gain substantial profits by targeting long-term supply contracts from prominent end-use industries such as food & beverage, pharmaceutical, building construction, and others, across various developing countries such as India and China.

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Key Takeaways – Mono Propylene Glycol Market Study

Low toxicity of mono propylene glycol, as compared to ethylene glycol, is expected to drive its usage in cosmetics and personal care products on a large scale. As ethylene glycol is poisonous and must be handled with caution to restrict any human or animal exposure, MPG will witness higher demand in the forecast period.
Being the preferred glycol for manufacturing high performance, unsaturated polyester resins for several uses such as reinforced plastic laminates for marine construction, gel coats, sheet molding compounds (SMC), and synthetic marble casting, industrial grade mono propylene glycol is projected to witness significant demand. It is also a vital intermediate in the production of alkyd resins for paints and varnishes.
Substantial demand is anticipated for mono propylene glycol from the pharmaceutical industry as it is a well-known excipient. MPG is used for several purposes in a broad range of pharmaceutical dosage forms, for e.g. as a humectant in topical medication, as a preservative in solutions, or as a co-solvent in aerosols, parenteral, and oral solutions.

Manufacturers Moving towards Bio-based Mono Propylene Glycol

Bio-based mono propylene glycol is gaining popularity in the market, as a switch from petrochemical- to renewable-based MPG results in the reduction of climate change impact of 40-60% kg of CO2. Several countries are taking initiatives to increase the adoption of bio-based mono propylene glycol among various end-use industries owing to its significant environmental benefits.

Who Is Winning?

The global mono propylene glycol market is fairly consolidated due to the unavailability of raw materials required for the manufacturing of mono propylene glycol, especially at the regional level, and absence of local manufacturers. Key manufacturers such as Dow Chemical Company, Lyondell Basell, BASF SE, and Royal Dutch Shell PLCaccount for about 40% of the overall market share.

North America and Europe are anticipated to account for a significant share of the global mono propylene glycol market, owing to rapid infrastructural development and increasing preference for bio-based mono propylene glycol.

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Mono Propylene Glycol Market Market by Category

By Grade:

Technical
Food
Pharmaceutical

By Application:

Unsaturated Polyester Resin (UPR)
Polyester Fiber Production
Food Additive
Heat Transfer Fluid
Pharmaceutical Solvents
Liquid Detergents
Paints & Coatings
Other Industrial

By End Use:

Chemicals
Cosmetics & personal care
Pharmaceutical
Food & Beverage
Others

By Source:

Synthetic
Bio- based

Learn More About Report Inclusions

The research report analyzes total sales of mono propylene glycols on the basis of volume (KT) and value (US$ Mn). The report includes a competition analysis section that includes market structure analysis, tier structure analysis, competition development, and other crucial information about global and regional players in the market.

Opportunities in the market are projected on the basis of factors such as construction industry growth, food industry outlook, pharmaceutical industry overview, investments in upcoming infrastructure projects, and expansion in production capacity by worldwide manufacturers.

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The market is mailnly driven by the end use industry such as food & beverage, cosmetics & personal care industry market. Due to Covid-19 pandemic all the industries has suffered and witnessed downfall, but in the coming years market is anticipated to witness significant growth owing to the increase in consumption from end use industries.

Due to increased environmental concerns, manufacturers in the business are focused on bio-based chemicals for producing mono propylene glycol, which is acting as another growth-inducing element.

Furthermore, as the coronavirus disease (COVID-19) spreads, there is an increase in the need for propylene glycol in the production of hand sanitizers and surface disinfectants. Thus the end use segment of pharmaceuticals have witness a positive outlook in the market.

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Polyalkylene Glycol Market: By 2032, the polyalkylene glycol market is anticipated to reach US$ 594.6 billion, expanding at a high CAGR of 6.1%. The market size is worth US$ 328.94 billion in 2022.

Butyl Glycol Market: The global butyl glycol market is estimated to surpass US$ 3.23 Bn by 2022. Growing application of butyl glycol as a coupling agent and solvent across household cleaning and industrial sectors is propelling the demand in the market.

Propylene Glycol Market: Propylene glycol is a chemical that is produced by reaction of propylene oxide with water. It is a colorless, clear, almost odorless, viscous liquid which has a faint sweet taste.

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