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According to Future Market Insights (FMI), the global clinical data analytics is anticipated to grow at a CAGR of 25.7% during the forecast period, totaling a market valuation of US$ 15.1 Bn in 2022 and US$ 150.6 Bn by the end of 2032.

Clinical data analytics plays a prominent role in healthcare institutions by reducing medication errors, improving population health, and saving costs. It makes use of real time medical data to generate insights, make decisions, increase revenues, save costs, and eventually improve patient care.

Healthcare organizations and practitioners can obtain thorough models for reducing costs and patient risk through the application of predictive and prescriptive analytics. In addition to the advantages for patients, health data analytics can lower fraud and stop equipment malfunctions.

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Any information about a patient’s or population’s health is considered to be health information. This data is acquired from various health information systems (HIS) and other technical tools used by government agencies, insurance providers, and healthcare professionals. In recent years, the process of gathering data in healthcare settings has been streamlined.

In addition to assisting in bettering daily operations and patient care, the clinical data analytics may now be used more effectively in predictive modelling. Providers can utilize datasets to track trends and make forecasts rather than just looking at historical or current data.

Organizations can now take preventative action and monitor the results. The cost of healthcare is high and the overall cost of those expenses just keeps rising. Such factors are expected to fuel the demand for clinical data analytics solutions.

Key Takeaways: Clinical Data Analytics Market

• By solution, the services segment is expected to grow at a CAGR of 6% during the forecast period of 2022-2032.
• Based on application, the clinical decision support segment accounted for 3% share in the clinical data analytics market.
• By end users, the adoption of clinical data analytics solutions from payers is anticipated to grow at a CAGR of 3% between 2022 & 2032.
• North America is expected to lead the market while South Asia & Pacific is anticipated to emerge as the fastest growing region between 2022 & 2032.
• Sales in India are anticipated to grow a 6% CAGR during the forecast period.
• The U.S. accounted for around 6% share of the North America clinical analytics market in 2021.

“Clinical data analytics assist doctors in better understanding the health status of the people they are treating as well as in providing better care for their medical issues. Depending on the data involved, the information’s users, or the actions taken at the discretion of the decision-maker, the technology may change. This is expected to fuel the demand for clinical data analytics solution” says FMI analyst.” 

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Rise in Adoption of Big data in Healthcare Organizations

Big Data Analytics (BDA) is receiving a lot of attention as a result of its creative influence on strategic development and decision-making in the healthcare industry. Due to the employment of cutting-edge technology, the volume of data pertaining to healthcare organizations has increased significantly in recent years and is anticipated to do so in the coming years.

Pay-for-performance is a new factor in the contemporary healthcare environment, and healthcare reimbursement mechanisms are also changing. Big data includes features like variety, speed, and veracity. The vast amount of patient-related medical data currently available can be used with BDA approaches to analyze results and enhance the healthcare industry.

Who is Winning?

Leading clinical data analytics solution providers are adopting strategies such as new product launches, mergers, acquisition, partnerships, and collaborations to expand their customer base as well as to improve their revenue share.

McKesson Corporation, Optum, Inc., IBM, Oracle, SAS Institute, Inc., IQVIA, Verisk Analytics, Inc., Elsevier, Medeanalytics, Inc., Truven Health Analytics, Inc., Allscripts Healthcare Solutions, Inc., Cerner Corporation, Medical Information Technology Inc., Qsi Management LLC, and CareCloud Corporation are some of the ley players operating in clinical data analytics space.

More Valuable Insights on Clinical Data Analytics Market

FMI’s report on the clinical data analytics industry research is segmented into four major sections – by solution (platform (cloud-based, and on-premise) and services (consulting services, integration and implementation services, and support and maintenance services)), application (clinical decision support, precision health, quality improvement and clinical benchmarking and regulatory reporting and compliance), end users (payers, providers, and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the clinical data analytics demand outlook.

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Clinical Data Analytics Outlook by Category

By Solution:

• Clinical Data Analytics Platform
  • Cloud-Based
  • On-Premise
• Services
  • Consulting Services
  • Integration and Implementation Services
  • Support and Maintenance Services

By Application:

• Clinical Decision Support
• Precision Health
• Quality Improvement and Clinical Benchmarking
• Regulatory Reporting and Compliance
• Others

By End Users:

• Payers
• Providers
• Others

By Region:

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

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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 10-years.

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According to a recent report published by Future Market Insights (FMI), the global climate tech market is estimated to showcase a noteworthy CAGR of around 24.2% from 2022-2032.

The report states that the global market is expected to reach a valuation of ~US$ 16.9 Bn by the end of 2022 and ~US$ 147.5 Bn by 2032. Stringent regulations to control climate pollution in major economies would drive demand for climate tech solutions and services.

Demand for climate tech solutions is expected to grow rapidly across a wide range of industries, including utilities, power & energy, transportation & logistics, and oil & gas. The climate tech market is expected to grow at a rapid pace as a result of increased use of advanced technologies to monitor various forms of pollutants.

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Key Takeaways: Climate Tech Market

• By component, the solutions segment is anticipated to account for the largest share of 7% in the global climate tech market by 2032.
• By technology, the blockchain segment is estimated to grow at a robust CAGR of 9% during the forecast period.
• By application, the carbon footprint management segment is set to grow at 6% CAGR during the evaluation period.
• The U.S. accounted for about 3% of the North America climate tech market share in 2021.
• The global climate tech market exhibited a CAGR of around 5% during the historical period (2017-2021).

“Emergence of Industry 4.0 to promote the use of sustainable practices and eco-friendly technology for reducing power and energy consumption is projected to drive demand for climate tech,” says a FMI analyst. 

Promotion of Green Technology by Government Agencies to Drive the Global Market

The global climate tech market is set to expand at a rapid pace as consumers and businesses are becoming more conscious about the negative effects of climate change. Various countries are also focusing on using renewable energy sources to cut back on pollution and provide a brighter future to the next generation.

Key players worldwide are investing huge sums in renewable energy projects to support the advancement of various sectors, including transportation. Government agencies are also attempting to promote green technologies, which would aid growth.

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More Valuable Insights on Climate Tech Market

Future Market Insight’s report on climate tech market industry research is segmented into five major sections – component (solutions, and services [consulting, integration & deployment, and support & maintenance]), technology (IoT, AI & analytics, digital twin, cloud computing, security, and blockchain), application (carbon footprint management, green building, water purification, soil condition/moisture monitoring, crop monitoring, forest monitoring, weather monitoring and forecasting, air & water pollution monitoring, and sustainable mining & exploration), 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 climate tech demand outlook.

Climate Tech Outlook by Category

By Component:

• Climate Tech Solutions
• Services
  • Consulting
  • Integration and Deployment
  • Support and Maintenance

By Technology:

• IoT
• AI and Analytics
• Digital Twin
• Cloud Computing
• Security
• Blockchain

By Application:

• Carbon Footprint Management
• Green Building
• Water Purification
• Soil Condition/Moisture Monitoring
• Crop Monitoring
• Forest Monitoring
• Weather Monitoring and Forecasting
• Air and Water Pollution Monitoring
• Sustainable Mining and Exploration

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By Region:

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

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About Us

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 10-years.

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The CCTV Camera Market to reach US$ 10.4 Bn in 2022 to US$ 16.1 Bn by 2029 and is anticipated to exhibit a CAGR of 6.4% during the forecast period of 2022-2029.

Critical infrastructure security is of utmost importance, as these facilities continuously face physical intrusions, thefts, terrorism threats, and trespassing issues. Many governments across the world are ramping up their security measures to protect critical infrastructures such as oil & gas refineries, power plants, smart grids, and water utilities from perimeter intrusion attacks.

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COVID-19 Pandemic Impact Analysis

As global economies are currently facing a critical crisis situation due to the COVID-19 pandemic outbreak, this, in turn, is impacting the supply chain and logistic operations of various video surveillance system manufacturers. Over the past 5 years, the market for CCTV cameras has grown by almost 6%, globally.

In 2022, total value of the global CCTV camera market is estimated to be nearly US$ 9 Bn. However, due to the coronavirus outbreak, the need for video surveillance has grown further in Q1, 2022, which would continue in Q2, 2022, as the demand for public video surveillance would grow significantly for security monitoring amidst lockdowns.

Key Takeaways of CCTV Camera Market Study

• North America is expected to hold a significant share in the global CCTV camera market during the forecast period.
• Dome cameras are likely to capture a leading share in the global CCTV camera market among all model types during the forecast period, as these cameras are widely used for end-to-end security solutions all over the globe.
• By technology, IP/network-based CCTV systems are anticipated to retain their hegemony in the global CCTV camera market during the forecast period, as they find immense application in the residential sector.
• Demand for CCTV cameras in the residential sector is estimated to expand at an impressive CAGR. However, the commercial sector is estimated to continue to hold significant market share in the global CCTV camera market during the forecast period.

Global CCTV Camera Market: Players

Some of the key vendors identified across the value chain in the global CCTV camera market include Bosch security systems Inc., Honeywell International Inc., Panasonic System Network Co. Limited, Axis Corporation, Toshiba Corporation, Samsung Techwin, and Vicon industries. Besides this, other players include Mitsubishi Electric, Schneider Electric, Checkpoint system, Baxawell, and ADT fire and security.

Increasing Adoption of Video Analytics to Propel Sales

Smart CCTV surveillance systems are able to detect, recognize, analyse, and track people, vehicles, and objects, alike. Video analytics software built into CCTV face recognition technology also monitors seamlessly in real time, and adds significant benefits in live-monitored and incident review operations. Video analytics allows improved operational performance and increased security monitoring to detect unauthorized physical intrusions across perimeters.

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More Valuable Insights on CCTV Camera Market

Future Market Insights offers an unbiased analysis of the global CCTV camera market, providing historical data of 2014-2021 and forecast statistics for 2022-2029. To understand the opportunities in the CCTV camera market, the market is segmented on the basis of model type, technology, camera sensor type, and application, across eight major regions.

Key Segments Of CCTV Camera Industry Survey

CCTV Camera Market By Model Type :

• Box Cameras
• Dome Cameras
• PTZ Cameras
• Fixed Bullet Cameras
• Positioning Cameras
• On-board Cameras
• Others

CCTV Camera Market By Technology :

• Analog CCTV Systems
• IP/Network-based CCTV Systems

CCTV Camera Market By Camera Sensor Type :

• CCD Sensor-based Cameras
• CMOS Sensor-based Cameras

CCTV Camera Market By Application :

• CCTV Cameras for Residential Use
• CCTV Cameras for Commercial Use
• CCTV Cameras for Industrial Use
• CCTV Cameras for Government Use

CCTV Camera Market By Region :

• North America CCTV Camera Market
• Latin America CCTV Camera Market
• Europe CCTV Camera Market
• East Asia CCTV Camera Market
• South Asia & Pacific CCTV Camera Market
• Middle East & Africa (MEA) CCTV Camera Market

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About Us

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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The Call Centre Market is expected to reach a value of US$ 27.1 Bn in 2022 and is expected to surpass US$ 55.5 Bn by 2029, registering 10.8% CAGR between 2022 – 2029. The rising adoption of cloud-based call centre solutions and services, integration of technologies such as Artificial Intelligence, Customer Relationship Management, and Knowledge Management, and surge in the demand for omnichannel call centre solutions are the key factors shaping the growth of the call center market.

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Key Takeaways of Call Centre Market Study

• North America and Asia Pacific are key markets holding a significant share in the global call centre market. Increasing digitalization and growth in number of call centres are the factors driving the growth of the market in these regions.
• The software/solutions segment is expected to hold a significant share in the global call centre market. Rising demand for solutions such as interactive voice response, intelligent call routing, and automatic call distributors are factors driving the growth of the software/solutions segment.
• By deployment, the cloud-based segment is anticipated to retain its significant share in the global call centre market over the forecast period. Various call centre organizations are adopting cloud-based solutions to easily manage their daily operations and keep pace with the changing business landscape.
• The retail and consumer goods vertical is expected to witness high growth, as retailers are moving towards omni-channel call centre solutions to offer a personal touch to customer interactions, while offering their support and services.

Call Centres Becoming More Predictive and Social

In recent times, innovative call centre marketing plans have transformed them into experience hubs, where they are not only dealing with emergencies and customer calls but also driving positive interactions and delivering leads to sales and marketing teams, customer feedback to product teams, and key insights for product development and innovation.

With advancements in predictive analytics, call centre organizations are keeping themselves one step ahead of their customers by anticipating their needs, and are helping enterprises in strengthening customer relationships.

Competitive Landscape

Call centre providers are focusing on providing services to mainly BFSI and consumer goods industries as customer experience is a crucial aspect of their business model. Call centre companies are also focusing on expanding their service coverage across multiple geographies to boost revenue potential.

• 3CLogic
• Genesys
• 8×8 Inc.
• Cisco Systems Inc.
• Salesforce Inc.
• IBM Corporation
• SAP
• Aspect Software Inc.

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More Valuable Insights on Call Centre Market

Future Market Insights offers an unbiased analysis of the global call centre market, providing historical data of 2014-2021 and forecast statistics for 2022-2029.

Key Segments of Call Centre Industry Survey

Call Centre Market By Component :

• Solutions/Software
• Software
• Consulting & Training
• Integration & Deployment
• Support & Maintenance

Call Centre Market By Deployment :

• On-premise Call Centres
• Cloud-based Call Centres
• Hybrid Call Centres

Call Centre Market By Vertical :

• Call Centres for BFSI
• Call Centres for Retail & Consumer Goods
• Call Centres for IT & Telecom
• Call Centres for Media & Entertainment
• Call Centres for Government
• Call Centres for Healthcare
• Call Centres for Travel & Hospitality
• Others

Call Centre Market By Region :

• North America Call Centre Market
• Latin America Call Centre Market
• Europe Call Centre Market
• East Asia Call Centre Market
• South Asia & Pacific Call Centre Market
• Middle East & Africa (MEA) Call Centre Market

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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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The market for radiotherapy patient positioning accessories is anticipated to rise at a 5.1% CAGR between 2022 and 2028.

Estimated to exceed the revenues of US$ 588.8 million in 2022, the global Radiotherapy Patient Positioning Accessories Market is projected to witness a moderate 4.3% annual growth in revenue, over that in 2021. According to a recent research study of Future Market Insights (FMI), nearly 1/5^th of the overall installed base of radiotherapy patient positioning accessories is accounted by couch tops and overlays, followed by immobilization systems.

Sodium lactate find extensive applications in the food & beverage industry, pharmaceutical and cosmetic and personal care products owing to its superior properties and cost-effective nature. As per a new study by Future Market Insights (FMI), the demand for sodium lactate market will increase by 8.8% between 2021 and 2031.

Focus on reducing the cost of production to offset the high feedstock cost and gain competitive edge among leading players will bode well for the market. Moreover, manufacturers are expanding their manufacturing capabilities and increasing their exports to make deeper inroads in markets with unmet needs.

Increasing safety concerns have encouraged governments around the world to implement stringent regulations to maintain and enhance the quality of food, cosmetic and chemical products. These regulations have been created with the intent to keep an eye on chemical additives and contaminants in food supplies.

This is expected to create attractive opportunities for growth. The global sodium lactate market is estimated to be US$ 158.7 Mn in 2021, registering high growth through the forecast period (2021-2031)

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Key Takeaways from Sodium lactate Marker Study

• Liquid form by form type is expected to contribute more than 54% of revenue share to the market.
• By application, food & nutritional supplements held the highest market share in 2021 due to diversifying the application of sodium lactate in the food industry.
• North America holds a t share of over 38% in the global sodium lactate market.
• Germany is expected to remain the dominant market for sodium lactate in Europe, accounting for over one-fourth of sales through 2031.
• China will continue leading the East Asia market, exhibiting double-digit growth through the forecast period.

“Diverse applications of sodium lactate across diverse industries, from pharmaceutical to the food sector will drive the sodium lactate market,” says a FMI analyst. 

Fast Expanding End-User Industries and Product Compliance

Food & beverage, cosmetic industry, pharmaceuticals manufacturers are prominent end-user industries gaining momentum. With the prompt expansion of the food & beverage and agricultural industry across the globe, it will fuel the demand for sodium lactate-based products.

Manufacturers may want to steadily exit or avoid entering the vulnerable solvents marketplace as the usage of VOC-based products is banned and prohibited in developed countries. Increasing safety concerns have encouraged several governments to implement stringent regulations to maintain and enhance the quality of food, cosmetic and chemical products.

These regulations have created use of chemical additives and contaminants in food supplies on check. Also, within the pharmaceutical industry, regulations and quality assurance play an important role. These factors will continue creating scope for sodium lactate applications.

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Competitive Landscape

Manufacturers are focusing on the development of intermediates. Moreover, they are focusing on expanding their regional presence through acquisition and expansion.

Some of the leading companies of this market include:

• Jungbunzlauer Suisse AG
• Biosynth Carbosynth
• Corbion N.V.
• Prathista Industries Limited
• Dr. Paul Lohmann GmbH KG
• Merck KGaA
• Advance Inorganics
• Hexon Laboratories Private Limited
• Galactic S.A.
• abcr GmbH

Want more insights?

Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2031. The global sodium lactate market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

Sodium lactate Market by Category

The study provides compelling insights on the sodium lactate market on basis of Product Form in detail cover every aspect of the market such as

Product Form:

• Powder
• Liquid

Application:

• Beverages
• Food & Nutritional Supplements
• Clinical Nutrition
• Dialyses Solutions
• Personal Care & Cosmetics
• Cleaners & Detergents

End-User:

• Food & Beverages Industry
• Cosmetic Industry
• Pharmaceuticals Manufacturers
• Medical Devices Manufacturers

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What Are Key Opportunities For The Market To Growth In Future?

In developed economies, customers are progressively transitioning to products that confirm to stricter requirements for safety. This will create opportunities for research and development activities and product innovation to launch lactates-based products.

Development of custom formulation and products as per end-user requirements is expected to gain impetus across the world. Some of the leading companies are therefore focusing on produyct launches.

A majority of manufacturers in the MEA region are based out of South Africa, Turkey and GCC. They are primarily focusing on manufacturing international quality products to garner significant attention from end-users in the region. Sodium lactate also is used in food products that need to be Kosher & Halal certified.

Expansion in APAC and ban on VOC-based solvent in Europe and North America will create growth opportunities for sodium lactates manufacturers.

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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 10-years.

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Increasing research and development (R&D) activities aimed at the development of new production technologies are expected to create growth opportunities for sodium hydroxide market, finds by Future Market Insights (FMI) in a recent research study.

According to the report, the sodium hydroxide sales are anticipated to surge at a CAGR of 4.3%, reaching US$ 43.7 Bn by the end of the assessment period in 2031. The growing demand for sodium hydroxide from various end-use sectors is encouraging market players to invest heavily in expanding their production capacities.

East Asia is estimated to remain a key regional market owing to increasing applications, particularly driven by the demand for textile chemicals in textile industry. Furthermore, the outbreak of the COVID-19 virus has resulted in reduced growth of many end-use industries including automotive and construction.

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This outbreak also has impacted the chemical industry. The losses arising during the pandemic have resulted in subduing growth for the sodium hydroxide market. However, the increasing demand in the pulp and paper industry is expected to support recovery of the sodium hydroxide market.

Key Takeaways from Sodium Hydroxide Market Study

• Caustic lye holds over 63% of the global value share in 2021 owing easier applications particularly in the chemical industry.
• Textile applications will account for over 19% of the market through the end of 2031, driven by inking and dyeing applications.
• China is dominant in East Asia with a share of over 63% through the assessment period, supported by the presence of prominent end-use industries in the country.
• The U.S. is a lucrative market accounting for over 89% of North America, propelled by demand in the automotive and construction sectors.
• India followed by ASEAN countries account for a cumulative share of over 72% of the South Asia and Pacific market, albeit driven by a fragmented end-use sector.

“Global trade tensions and COVID-19 outbreak have had a considerable negative impact on buyer confidence. This in turn has affected short term sales figures in the sodium hydroxide market. However, demand has been gradually recovering since last quarter of 2020 and is expected to reach pre-pandemic level in the coming years,” said a lead analyst at FMI.

Who is Winning?

Leading players in the sodium hydroxide market are focusing on strategic expansions of production capacity, in addition to collaborations, partnerships, and acquisitions to produce high-quality products. They are also focusing on bolstering their product portfolio and developing stronger distribution partnerships.

Key manufacturers in the sodium hydroxide market, include but are not limited to Olin Corporation, Tosoh Corporation, BASF SE, Formosa Plastics Corporation, Dow Chemical Company, Shin-Etsu Chemical Co Ltd, Westlake Chemical Corporation, Covestro AG, Solvay S.A., Gujarat Alkalies and Chemicals Limited, Occidental Petrochemical Corporation, Tata Chemicals Ltd., Xinjiang Zhongtai Chemical Co. Ltd, Vynova Group, CJ Chemicals, ProChem, Inc., Chemical Store Inc, GFS Chemicals, Inc.

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Valuable Insights into Sodium Hydroxide Market

Future Market Insights has published a market research report on the sodium hydroxide market that contains global analysis for 2016–2020 and opportunity assessment for 2021–2031. The report provides insightful analysis of the Sodium Hydroxide market through two different segments- Product Type, application and Region.

Sodium Hydroxide Market by Category

By Product Type:

• Flakes
• Caustic Lye

By Application:

• Alumina
• Textile
• Pulp & Paper
• Soaps & Detergent
• Dyes & Inks
• Pesticides
• Pharmaceuticals
• Water Treatment
• Petrochemicals
• Power & Steel
• Food Processing
• Organics
• Inorganics
• Others

How will COVID-19 Crisis Effect Sodium Hydroxide Market?

The COVID-19 outbreak has impacted various industries. In the short term, the world has seen a rise in demand for sodium hydroxide for water treatment applications. The sodium hydroxide market has been moderately impacted by the crisis.

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However, for the long-term growth outlook, the market has displayed gradual recovery in the past few months and is expected to reach its pre-pandemic levels by the end of 2021, supported by the resurgence of the end users.

Sodium hydroxide is used in the chemical industry as a catalyst, reactant, and more. The use of sodium hydroxide has been increased significantly in the last few years and is expected to continue its growth soon. Strong economic activity is supporting sodium hydroxide demand in all segments.

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As per the report published by FMI, the global stainless steel market is projected to have a moderate-paced CAGR of 5.5% during the forecast period. The current valuation of the market is US$ 119.80 billion in 2022. The market value of stainless steel is anticipated to reach a high of US$ 183.86 billion by the year 2032.

The stainless steel market is gaining rapid traction due to the flourishing demand for stainless steel in the manufacturing of kitchen products such as showpieces, cookware, and stoves owing to its benefits that include high ductility & toughness, resistance to corrosion, and low maintenance required that in turn fuel the market growth in the different industries.

According to the findings of Future Market Insights stainless steel seeks significant demand from the automotive industry again influences the market growth positively. Increasing automobile production in the regions such as the Middle East, the Asia Pacific, and Latin America has prominently escalated the demand for stainless steel in these regions.

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FMI has analyzed that the main factors contributing to the increased automobile production are the rise in easy access to credit facilities, disposable income, and the increasing necessity of people for personal transportation. The aforementioned factors are likely to boost the demand for stainless steel across the globe.

Key Takeaways from the Stainless Steel Market

• The automotive and transportation segment accounts for 12% market share of the global steel consumption.
• On the basis of the product type, the flat product segment is going to dominate at a significant CAGR during the period 2022-2032. This segment accounted for 73% of revenue share in 2021.
• Europe is projected to advance at a CAGR of 5.6% during the estimated period.
• Asia Pacific is projected to dominate the stainless steel market with a market share of 74% during the forecast period.

“Socio-economic factors and drastic development of the construction & building and automotive industry is likely to curate lucrative growth opportunities for the stainless steel manufacturers and leverage the market growth during the forecast period”– Says an FMI Analyst

Competition Landscape in the Stainless Steel Market 

The market players in the stainless steel industry focus primarily on their capacity expansion across various regions. the manufacturer has helped in the development of advanced techniques to enhance the properties of stainless steel which further extends profitable opportunities to the market players in the forecast period of 2022 to 2032.

The global stainless steel market can be considered oligopolistic due to the presence of a considerable number of players across the globe. The intensity of participation in the market is high owing to the excellent scope of demand. Tier-I companies are planning to venture into collaboration and acquisitions of accompanying businesses to further increase their market presence.

Acerinox S.A., Aperam Stainless, ArcelorMittal, Baosteel Group, Jindal Stainless, Nippon Steel Corporation, and Outokumpuare some key players in the stainless steel market.

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Key Segments In The Stainless Steel Market

By Type:

• Austenitic Stainless Steel
• Ferritic Stainless Steel
• Duplex Stainless Steel
• Martensitic Stainless Steel
• Precipitation Hardening Stainless Steel

By Form:

• Flat Products
• Long Products
• Tubular Products

By End-Use:

• Building & Construction
• Industrial Machinery & Components
• Automotive & Transportation
• Home Appliances
• Cookware & Cutlery
• Medical & Surgical Tools
• Others

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Recent Developments in the Stainless Steel Market:

• In November 2021, the U.S. government introduced USD 2 trillion plan for infrastructure. It includes heavy fund allocation for repair and renovation of bridges, highways, EV charging facilities, airports, water infrastructure, communication networks, high-speed Internet, clean energy & environment, and carbon reduction. This plan is likely to assist the SS demand for structural applications in infrastructure and construction.
• In February 2021, Jindal Stainless announced a CAPEX plan for its Odisha stainless steel plant worth Rs. 2000-3000 crore (USD 261.8-392.7 million) over the next few years

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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 10-years.

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The global expanded polypropylene (EPP) foam market is projected to reach a value of US$ 4,962.51 Mn in 2032, with the market growing at a prolific CAGR of 11.40% from the forecast period of 2022 to 2032. Predicted to reach an estimated US$ 1,685.9 Mn in 2022, the expanded polypropylene (EPP) foam market is driven by heightened demand from sectors like consumer goods, packaging, and furniture.

The increasing scope of expanded polypropylene (EPP) foam application such as the use of expanded polypropylene (EPP) foam sheets in a wide range of industries due to its superior properties will further propel the market growth.

Superior qualities of EPP foam like durability, recyclability, water and chemical resistance, thermal insulation, and others contribute to the extensive usage of EPP foam. With the growing usage of EPP foams in the automotive industry due to its effective tolerance and buoyancy coupled with the expansion of the same industry, the EPP foams market is expected to grow at a rapid growth rate.

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Other factors like the development and growth of several economies and the escalating demand for eco-friendly alternatives are also acting as demand drivers for the target market.

The past few years have witnessed a rise in the production of automobiles and consumer goods which in turn spurs the demand for expanded polypropylene (EPP) foam products. In addition to automobiles and consumer goods, expanded polypropylene (EPP) foam is widely used for protective applications in electronics and other items. This bodes well for the market as it will likely boost the commercial potential in the next few years.

The deep market penetration of EPP foam, growing industrial investment in major economies along with the easy availability of the product further augment the sales of the expanded polypropylene (EPP) foam in the global market during the forecast period.

Key Takeaways:

1. Rising demand for eco-friendly materials in the automobile sector will strengthen the market.
2. High prices, strict regulations, and availability of substitutes may stunt the market growth.
3. By product type, the high-density segment accounts for the highest revenue share.
4. Application in the automotive industry will lead the market growth.
5. The Asia Pacific region is expected to dominate the global market.
6. Europe and North America will together hold about 35% of the total market share.

Competitive Landscape 

Furukawa Electric Co., Ltd, Knauf Industries, Dongshin Industry Inc., Kaneka Corporation, JSP Corporation, BASF SE, SSW Pearl Foam GmbH, Sonoco Products Company, Clark Foam, and Bradford Company among others are some of the major players in the expanded polypropylene (EPP) foam market profiled in the full version of the report.

Leading market players are keen on implementing better supply chain solutions. Incorporating an innovative value chain so as to continue their production without disruption is the primary focus of many businesses in the market.

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Key Segments in The Expanded Polypropylene (EPP) Foam Market

By Grade Type:

• Low Density
• High Density
• Porous PP

By Application:

• Automotive
• Industrial Packaging
• Consumer Products
• Building & construction
• Others

By Region:

• North America
• Latin America
• Asia Pacific
• MEA
• Europe

More Insights into Expanded Polypropylene (EPP) Foam Market Report

In its latest report, FMI offers an unbiased analysis of the global expanded polypropylene (EPP) foam market, providing historical data and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented based on grade type (low density, high density, porous PP), application (automotive, industrial packaging, consumer products, building & construction, others), and region.

According to the latest FMI reports, based on region, the expanded polypropylene (EPP) foam market in the Asia Pacific region is expected to grow substantially over the forecast period. Currently accounting for 52% of the revenue share, the target market in this region is mainly fueled by escalating demand in important industry verticals.

The market in Japan is predicted to be one of the primary growth drivers in the APAC region. Building and construction sector coupled with the advancing automobile industry push the regional market growth through the assessment period.

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Based on segmentation, in terms of the product type, the high-density product segment is predicted to account for the fastest CAGR during 2022-2032. On the basis of application, the automotive industry will likely hold a major share of the market revenue over the projected period.

About Us

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 10-years.

Contact Us

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
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United Arab Emirates
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