Market Research Blog – Page 8992 – New Product Development

Veneer Sheets Market is Reaching US$ 41.16 Billion at a Gracious Rate of 2.3% by the year 2031

As per FMI analysis, the global veneer sheets market is projected to reach a market value of US$ 41,163 Mn by 2031, growing at a CAGR of 2.3% during the forecast period of 2021-2031. In a new study, FMI has forecast the market to reach US$ 33.37 Bn by 2021.

Steady growth registered by the veneer sheets market is attributable to consistently rising demand from commercial and residential construction. Growth forecasts continue to stay positive, albeit moderate because some of the established markets have been reaching maturity.

For instance, despite recovery post COVID-19 in 2020, Europe will continue exhibiting moderate growth through the forecast period. Veneer is a very thin coating used on the surface of the solid material. Veneer sheets are often glued to a solid material so that an otherwise dull piece of furniture can be made to appear elegant in a cost-effective manner.

Moreover, applying a layer of veneer increases the durability of furniture, which makes veneer sheets highly sought-after in the construction sector.

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Although the market for veneer sheets is projected to rise consistently, the COVID-19 pandemic is expected to have a major impact on short-term demand pattern. COVID-19 pandemic also has compelled manufacturers to revisit strategies adopted for expansion to ensure steady growth in the near future.

Also, delays caused in building projects and manufacturing process have contributed to a decline in demand for sheets of veneer. Nonetheless, with economies returning to normalcy post extended lockdown period, sales of veneer sheets are expected to pick up, especially in the residential sector, which has also been identified as leading end-use in the report. FMI has predicted it to account for nearly 65.5% of the market in 2021.

Key Takeaways from Veneer Sheets Market Study

Veneer sheet market will pick up pace post decline registered in 2020. FMI has projected the market to record 1.5% Y-o-Y growth in 2021
The U.S. will continue leading the market in North America, accounting for 80.9% share in 2021
The U.K. is projected to record growth at 1.0% in 2021
Germany and France will remain key markets for veneer sheets in Europe
Germany and France will continue exhibiting high demand, with Germany forecast to remain dominant in Europe through 2031
Japan and South Korea to remain lucrative markets in East Asia. Among these countries, South Korea will exhibit high growth over the forecast period

“Product differentiation is one of the key strategies adopted by the market players. They are focusing on introducing a wide range of veneer sheets, designed keeping in mind specific applications as per consumer requirement,” said a lead FMI analyst.

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Veneer Sheets Market: Participant Insights

Some of the leading companies operating in veneer sheets market are GREENLAM INDUSTRIES LTD., Sauers & Company Veneers, Oakwood Veneer Company, Veneer Technologies, Inc, FormWood Industries, Inc., Turakhia Overseas Pvt. Ltd., CEDAN INDUSTRIES, CENTURYPLY, Ltd, Herzog Veneers, Inc., Ltd, SR Wood, Ltd, Pearlman Veneers and Flexible Materials Incorporated. These companies are focusing on strengthening their product portfolio and expanding their market footprint through acquisition of smaller companies in the market.

Key Segments

Product Type

Paper-Backed
Wood-Backed
Phenolic-Backed
Laid-Up
Others

End Use

Commercial
Residential

To Know More about Veneer Sheets Market

A new market research report published by Future Market Insights (FMI) on the global Veneer Sheets market report offers in-depth insights into the market demand trends and assessment of opportunities during the forecast period.

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The report analyses the Veneer Sheets market through three different segments- product type, end-use, and region. The Veneer Sheets report also offers detailed analysis of pricing analysis by different product types demand across various end-use industries, and patent analysis in the market.

About FMI

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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Carbon Steel Market is Set to Witness an Uptick Size USD 1243.09 Billion to 2030 | Exclusive Report by FMI

The carbon steel market size in 2022 has reached close to US$ 833 Bn. According to a recent study by Future Market Insights (FMI), the carbon steel market is forecast to rise at a CAGR of 5.1% between 2022 and 2030. The report is intended to offer an executive-level blueprint of the market to its stakeholders.

It studies the growth trajectory and gauges investment feasibility across key segments. According to the report, the carbon steel market is operating in an environment where lot of waste is generated and a huge amount of energy is consumed.

The steel industry is efficiently reducing the waste through waste recovery technologies and through recycling, which has been aiding environmental causes. The industry has adopted efficient fabrication and manufacturing process, which is reducing the energy consumption.

Carbon Steel manufacturers are no longer overheating or overcooling the rolling mills allowing them to manufacture products more efficiently by consuming less energy. Steps taken towards cautious manufacturing had bode well for the market.

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However, despite their efforts, the ongoing COVID-19 crisis has caused deceleration in the industrial production and disruptions in supply chain for 3 quarters of 2022. Growth recovery in the upcoming years will be backed by the increasing demand from downstream industries such as automotive, construction, and heavy engineering & equipment will drive the carbon steel market.

Key Takeaways of Global Carbon Steel Market Study

Globally, the demand for energy efficient and low carbon neutral buildings is increasing. Carbon steel is an affordable and safer solution, which provides high strength, versatility, durability and full recyclability throughout the entire life cycle of buildings
Carbon Steel manufacturers are improving its blast furnace technologies by taking full advantage of the converter slag of steelmaking by-products and improving the permeability of the blast furnace. All these factors have led to decrease in the steel manufacturing cost
Construction industry is forecast to remain dominant end user through the forecast period. The global construction growth is expected to be 3.9% pa by 2030, as per a study by Oxford Economics, which will aid the overall expansion of the market
25% increase on steel tariffs derivative steel has increased the USA’s domestic steel production. Manufacturers are therefore on the process of implementing and enhancing production capability so as to meet the end-user’s increasing demand
The global carbon steel market is expected to witness a plunge in FY2022, and is expected to recover sharply in the subsequent year as the industries across regional hubs have started resumption and augmentation of production and supply operations

“Carbon steel is used by a wide gamut of industries, which has been aiding expansion of the market despite oversupply recorded in the steel industry. Despite nose-dive growth during ongoing pandemic, the market is forecast to recover especially as leading companies move towards consolidation keeping expansion in their mind,” says FMI analyst.

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Carbon Steel Market By Category

By Grade :

Low-Carbon steel
Medium-Carbon Steel
High-Carbon Steel
Ultra High-Carbon Steel

By Form :

Hot Rolled Steel
Cold Rolled Steel

By Application :

Basic and Perforated Sheets
Angle
Channels
Beams
Normal Plates and Floor Plate
Pipes
Tubes
Bars
Struts
Grating

By End Use :

Automotive
Construction
Railways
Shipbuilding & Marine
Aerospace
Energy
Heavy Engineering and Equipment
Consumer Appliances
Cutting Tools

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Who is Winning?

The carbon steel market is fairly consolidated, with manufacturing capacities majorly concentrated among tier-I manufacturers. While local tier-2 and tier-3 manufacturers present a stiff competition, tier-1 players leverage their distribution network and brand image in dominating the market space.

Some of the key players in the market are Nucor Corporation, ArcelorMittal, United States Steel Corporation, Baosteel Group, AK Steel Holding Corporation, EVRAZ, Hesteel Group, POSCO, Thyssenkrupp AG, JFE Holdings Corporation, etc amongst many others amongst many others.

Market players have been focusing on strategic expansion and acquisition of manufacturing facilities. This strategy would help companies to expand into new markets to withstand in competitive environment.

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

High Carbon Bearing Steel Market: The global high carbon bearing steel market size reached a valuation of around US$ 139.6 Bn in 2022. The total sales of high carbon bearing steel are slated to grow at a robust CAGR of around 6.9% during the forecast period from 2022 to 2032, totaling nearly US$ 269 Bn by 2032.

Medium Carbon Steel Market: Medium carbon steel which contains 0.3% to 0.65% of carbon is finding essential applications in a number of end use industries including railway, construction, oil, and automotive industries owing to its properties of enhanced ductility, density, and heat treatment capabilities.

Electrical Steel Market: According to a Future Market Insights (FMI) report, electrical steel sales will grow at a 6.5% CAGR between 2022 and 2032. According to the report, the global electrical steel industry would be worth US$ 70.5 Billion by 2032.

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Sulfone Polymers Market to Achieve A High CAGR Of 5.0% during Forecast Period by 2022-2030

The sulfone polymer market is expanding due to the increase in demand for amorphous thermoplastics with higher strength and hydrolytic stability. A recent study by Future Market Insights (FMI) states that the global sulfone polymer market is expected to grow at 5.0% CAGR through 2030.

According to the report, the surge in demand from the healthcare and consumer products segments will propel the growth of the sulfone polymer market throughout the forecast period between 2022 and 2030. Sulfone polymer is increasingly used in electrical and electronics industry for miniaturization of electronics.

Demand for sulfone polymer from the electrical and electronics industry is anticipated to be worth US$ 354 Mn by 2030. This in turn is expected to bolster the growth of sulfone polymer market. FMI offers a holistic overview of the sulfone polymer market along with the detailed insights into growth drivers, restraints, and potential.

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Some of the key takeaways from the report are highlighted below

The surge in demand for polyphenylsulfone polymer is anticipated to boost the market during the forecast period
The rise in requirement from healthcare end user is projected to fuel the sales of sulfone polymer
North America will lead the global sulfone polymer market owing to the high demand in the countries such as the U.S., Canada, and others
East Asia will emerge lucrative in the global sulfone polymer market in the coming years

“Sulfone polymers have unique properties and can remain transparent even when exposed to high temperature. This attribute makes it highly sought-after for use in connector’s blocks and circuit boards. There is immense scope for application across various industries, which is why leading players are focusing on expansion of their capacities. This trend will continue creating growth opportunities for the market,” says an FMI analyst.

COVID-19 Impact Analysis

Key end users of sulfone polymer market such as automotive & transportation, electrical & electronics, and others have been left battered due to the deadly COVID-19 pandemic. This has hampered the demand for sulfone polymer substantially.

Furthermore, the economic impact of the virus-outbreak has taken a toll on the manufacturing process due to the financial crisis worldwide.

For instance, according to the Ministry of Statistics of India, India’s growth in the fourth quarter of the fiscal year 2022 went down to 3.1%. This declining growth is a result of decelerated production across industries, which is expected to hamper growth prospects for the market as well.

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Key Companies Profiled:

BASF SE
Mitsubishi Chemicals Holdings Corporation
Sumitomo Chemical Co., Ltd.
Solvay SA
SABIC
Sino Polymer
UJU New Materials Co Ltd.
Shandong Horan
RTP Company

Who is Winning?

The global sulfone polymer market is highly competitive. In order to sustain in the positions, the key players in the market are started with launching of better quality products which target diverse end users.

For instance, SABIC has launched their new extensive range of sulfone polymers such as SUPER™ Metallocene Linear Low Density Polyethylene (mLLDPE), COHERE™ Metallocene Polyolefin Plastomer (POP), and others in the current year.

Sino Polymer has launched their new range of eco-friendly sulfone polymer such as BISPHENOL-A EPOXY VE, BROMINATED FR VE, NOVOLAC VE, and others in the recent year.

Sulfone Polymers Markey by Category

By Product Type :

Polysulfone
Polyethersulfone
Polyphenylsulfone

By End Use :

Automotive & Transportation
Healthcare
Electrical & Electronics
Consumer Products
Industrial Processing
Others

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More Valuable Insights on Sulfone Polymer Market

In the latest report by Future Market Insights, we offer an unbiased analysis of the global sulfone polymer market, providing historical data for the period of 2015-2021 and forecast statistics for the period of 2022-2030.

In order to understand the global market potential, its growth and scopes, the market is segmented on the basis of end use (automotive & transportation, consumer products, electrical & electronics, healthcare, industrial processing, others), product type (polyethersulfone, polyphenylsulfone, polysulfone), across six major regions (North America, Latin America, Europe, South Asia, East Asia, Oceania, MEA).

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

Polyimide and Imide Polymers Market: Polyimide polymers are derived from monomers of imide group, a functional group comprising two acyl groups. Imides are primarily employed in the manufacturing of high strength polymers for varied applications.

Construction Polymer Market: The global construction polymer market will garner a market valuation of US$ 229,076 Mn in 2022 and is predicted to expand at a CAGR of 6.8% and reach a net worth of US$ 298,384 Mn by the end of 2026.

Super Absorbent Polymers Market: Super absorbent polymers market sales will increase at 4.9% CAGR between 2021 and 2031. The market is set to benefit from increasing application across diverse industries. Among all, application in disposable diapers manufacturing will account for over 76% sales in 2021.

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Empty Capsules Market to Touch US$ 2.9 Bn by 2026 Due to Increasing Nutraceutical Consumption Globally

The global sales of empty capsules are expected to create lucrative growth opportunities over the projection period from 2022 to 2026 with a wealthy CAGR of 8%. The global market is expected to reach around US$ 2.1 Bn in 2022 and surpass a valuation of US$ 2.9 Bn by 2026. At present, the empty pill capsule market accounts for around 1% of the global drug delivery market. The flexibility of such fillable capsules is anticipated to gradually promote the use of empty pills in the nutraceutical and pharmaceutical sectors.

Owing to the surging consumption of various drugs combined with the increasing popularity of capsules over several other drug delivery forms is a primary factor boosting sales of empty capsules. Since the burden of chronic diseases continues to rise, demand for therapeutics is anticipated to increase at a substantial pace. This is in turn expected to generate lucrative growth prospects for the suppliers of empty capsules.

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Empty capsules are known as protective shells for drugs designed from special film-forming materials such as gelatin, starch, and pullulan. Being innovative drug delivery products, they are utilized by leading pharmaceutical and biopharmaceutical companies due to their various attractive features. Such capsules are economical, oxidation resistant, offer maximum flexibility, and are easy to use on account of their smooth and slippery nature. Furthermore, they are especially suitable for substances having a bitter taste and unpleasant odor.

Key Takeaways

The market is subjected to change in relevance in order to get regulatory impositions of gelatin sourcing and licensing for distribution, as per the macro and industry standards. The prominent driver in the global empty capsules market incorporates the development of natural alternatives to raw material sourcing of gelatin.
In addition to that, efficient packaging of empty capsules has proven to improve the integrity of the product and avoid contamination. It has also offered several solutions for the efficient dissolution of the capsules and is therefore expected to enhance the sales outlook of the empty capsules market during the forecasted years.
Empty capsules have proven to be an ideal drug delivery product as they account for their ability to protect sensitive substances from oxidation as well as their user-friendly nature. These capsules are usually smooth and slippery which makes them easy to swallow.
The use of empty capsules is diverse within the healthcare sector as they are expletively utilized by pharmaceutical and biopharmaceutical companies to encapsulate liquids, powders, granulates, oils, extracts, and even herbs. Surging production and consumption of empty capsules to cater to the rising demand from the pharmaceutical industry will continue to boost the empty capsules market growth during the assessment period.
Over the last few years, encapsulated capsules have garnered major traction for the encapsulation of unpalatable medicines. The empty capsule suppliers are using various strategies to increase sales. They are focusing on developing innovative capsule materials that not only help to deliver medicine but also perform other functions as well. This will help them to lure more and more customers.

Competitive Landscape

The global empty capsules market is known to be highly competitive in nature attributed to the presence of leading empty pill manufacturers that account for over 70% of the global market share. Prominent market players are constantly focusing on introducing new products designed out of innovative materials. In addition to that, they are adopting growth strategies such as partnerships, mergers, acquisitions, etc. to expand their global footprint.

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More Insights into the Empty Capsules Market

The U.S. is expected to dominate the global empty capsules market as it accounts for a massive chunk of the global market. The growth of the market is attributed to the poor lifestyle habits in the U.S. which have resulted in a substantial increase in demand for nutraceuticals to adjust proper nutrient intake, subsequently driving sales of empty supplement capsules and empty vitamin capsules.

Moreover, surging awareness associated with vegetarian empty capsules and the availability of technologically advanced empty capsule filling machines will propel sales of empty HPMC capsules and empty pullulan capsules in the U.S. through 2030.

Japan is the second largest consumption of empty medicine capsules owing to increasing usage by the geriatric population and growing consumer awareness about the benefits of capsules over other forms.

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Key Companies Covered

ACG Worldwide, Capsugel, Qualicaps Inc., Bright Pharma Caps Inc., Sunil Healthcare Ltd., CapsCanada Corporation, Roxlor LLC, Snail Pharma Industry Co. Ltd., Suheung Co. Ltd., and Medi-Caps Ltd.

Key Segments of Empty Capsules Industry Survey

Capsule Size:

Size “000” Empty Capsules
Size “00” Empty Capsules
Size “0” Empty Capsules
Size “1” Empty Capsules
Size “2” Empty Capsules
Size “3” Empty Capsules
Size “4” Empty Capsules
Size “5” Empty Capsules

Product Type:

Gelatin (Hard)-based Capsules
Vegetarian-based Capsules

Route of Administration:

Empty Capsules for Oral Administration
Empty Capsules for Inhalation

Raw Material:

Contract Type-A (Pork Skin) Empty Capsules
Type-B Gelatin (Animal Bones & Calf Skin) Empty Capsules
Fish Bone Gelatin Empty Capsules
Empty Hydroxy Propyl Methyl Cellulose (HPMC) Empty Capsules
Starch Material Empty Capsules
Empty Pullulan Capsules

End User:

Empty Capsules for Pharmaceutical Companies
Empty Capsules for Cosmetic & Nutraceutical Companies
Empty Capsules for Clinical Research Organizations (CROS)

Top Related Reports Healthcare Market Insights:

Intracardiac Imaging Market

Photoacoustic Microscopy Market

Single-use Bioprocessing Probes and Sensors Market

Medical Chairs Market

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Wood Plastic Composite (WPC) Floorings Market Size To Reach USD 3,643.3 Million By 2030 | FMI

Having analyzed and scrutinized all the aforementioned facets in its new market study, Future Market Insights (FMI) projects that the global WPC floorings market will grow in value at a healthy CAGR of 7.0% between 2020 and 2030.

Over the years, the demand for wood-plastic composites (WPC) has significantly increased on the back of the high need for environment-friendly and low-cost raw materials in the residential sector. Likewise, increased spending on infrastructural developments in both the residential and commercial sectors is expected to give a major boost to the market during the forecast period.

There are several benefits associated with WPC floorings, such as low melting temperature and high stiffness as compared to conventional wood alternatives, which give it an edge in the flooring applications over other materials. Furthermore, WPC floorings are visually appealing and are relatively easier to install and maintain as compared to conventional flooring types.

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Moreover, their resistance to humidity has also been crucial in cementing it as a fitting substitute for wood floorings or laminates. As WPC floorings are derived from waste materials from the wood industry and recycled plastics, they are considered sustainable and eco-friendly, gaining traction among consumers with high awareness.

On these lines, backed by its low cost, WPC floorings are gradually replacing other floorings such as traditional wood floorings and luxury vinyl tiles (LVT) flooring. Besides, WPC floorings are easily shaped using conventional tools, minimizing the need for novel equipment, and reducing production cost.

On the other hand, increasing focus on research & development of products to improve their temperature resistance and strength is also expected to positively influence the growth of the market in the years to come.

Some of the key takeaways from the report include:

The global WPC floorings market is projected to surge past valuation of US$ 3,643 Mn by the end of 2030
By thickness, 5.5 mm, 6.5 mm, and 8 mm WPC floorings are poised to cumulatively account for more than a 3/4th of the overall market, with the former being the most sought flooring type
On the basis of the end-use sector, adoption in the commercial sector is anticipated to drive the majority of revenue, while the retail outlet segment is expected to account for 1/3rd of market value
Europe is forecasted to remain the largest regional market through the assessment period, accounting for a share little below one-quarter, owing to the development of the construction industry
East Asia and North America are poised to collectively account for over 2/5th of market value, ascribed to the growing trend of smart cities, and increasing emphasis on developing commercial infrastructure

“Market players are focusing on offering customizable products that suit consumer requirements such as color, stiffness, and thickness, among other parameters, to form a loyal consumer base, and are also directing their efforts to offer features such as biodegradability, weather compatibility, etc.” remarks FMI report.

COVID-19 Impact on WPC Floorings Market

The outbreak of COVID-19, which swiftly metamorphosed into a pandemic of unprecedented proportions has led to the curt termination of construction activities across the world. Akin to numerous applications reliant on infrastructural development, the demand for WPC floorings has beheld a steep decline beginning in the first quarter of 2020.

On these lines, lack of workforce, supply chain disruptions, and unavailability of raw materials, among other perils of the pandemic are adversely impacting the growth of the market. On a positive note, a gradual return to normalcy in East Asia beginning from the third quarter of 2020, is likely to mitigate long term consequences to an extent.

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Who is Winning?

Market players are focusing on upscaling production and expanding sales facilities to cater to the growing demand and offer enhanced consumer experience. Moreover, widening the product portfolio has also been identified as a crucial growth strategy adopted by market players to strengthen their foothold.

On these lines:

Pro-Tek, a UK-based manufacturer, offers five different types of WPC floorings with a wide range of properties, and all the designs are phthalate-free derived from 100% recyclable materials.
Oakia, a China-based player, specializes in manufacturing and installing outdoor flooring and decking.

FMI’s report includes profiles of some of the most prominent names in the market including Armstrong Flooring (AFI Licensing LLC), Mannington Mills, Pro Tek, Parterre Flooring, Shanghai SevenTrust Company Co., Ltd., Oakio, SPECTRA CONTRACT FLOORING, Coretec, Tecnodeck, WPC – WOODPLASTIC a. s., Leben India Private Limited, Novowood, Taizhou Huali New Materials Co., Ltd., and Nanjing Xuhua Sundi New Building Materials Co., Ltd, among others.

WPC Floorings Market By Category

By Thickness, the WPC Floorings market is segmented as:

4 mm
5 mm
5.5 mm
6.5 mm
8 mm

By End Use Sector, the WPC Floorings market is segmented as:

Commercial Buildings
Residential Buildings
Retail Outlets

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To Know More About WPC Floorings Market

A new market research report published by Future Market Insights (FMI) on the global WPC floorings market offers an executive-level blueprint of the market. It offers insights into demand trends and provides analysis of opportunities over the forecast period, 2020-2030.

The report examines the market through four different segments – thickness, end-use, and region. The report also provides an extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the supply and product adoption across several end-use industries.

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

Textile Flooring Market: The global textile flooring market valuation is estimated to exceed US$ 190.26 Bn by the end of 2022.

Vinyl Flooring Market: Sales in the global vinyl flooring market are slated to top US$ 27,975.30 Mn in 2022, projects Future Market Insights (FMI). Expanding at a healthy 6.8% CAGR, the market size is projected to total US$ 41,578.70 Mn by 2028.

Glass Fiber Reinforced Plastic (GFRP) Composites Market: The glass fiber reinforced plastic market is growing continuously and is predicted to increase at a moderate CAGR of 6.6% during 2022-2032.

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Gold Plating Chemicals Market will Reach a Valuation of over US$ 629 Million towards 2032-end

Driven by the surging industrial uses, the gold plating chemicals market is forecast to grow at 4.4% CAGR through 2030. Future Market Insights (FMI), in its recent study, has identified the expanding applications in electronics as a chief market driver.

As key players in the sector aim at innovation and commercializing their product portfolio, the scope for application of gold plating chemicals is expected to get better. Besides this, steady demand from jewelry sector will enable the market stay afloat despite threats posed by pocket-friendly alternatives.

In its report, FMI has projected the gold plating chemicals market to surge at 4.4% CAGR between 2022 and 2030. Notwithstanding this, contraction of growth rate is imminent, even if it is for a temporary phase, during the global pandemic crisis.

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Supply chain disruptions caused due to the unprecedented COVID-19 outbreak will restrict growth of the market for the most part of 2022. However, recovery is on the cards once economies resume in full swing. 2021 will most likely be the year when the market will commence regaining momentum after a period of slump during pandemic.

FMI’s report on the gold plating chemicals market offers a holistic overview and is intended to help stakeholders gauge investment feasibility across key segments.

Some of the key takeaways from the report are:

The gold plating chemicals market is set to surpass US$ 445.5 Mn by the end of 2022. Between 2022 and 2030, the market is expected to remain steady backed by increasing applications across diverse sectors
Demand from electronics sector will be key to growth
High potential markets across East Asia and South Asia & Pacific will be of immense potential
Automotive gold plating will emerge as a lucrative application segment

“Automobile OEMs are expected to demonstrate high demand for gold plating because of its long-lasting protective properties. Gold plating will also discover huge scope for application in chips used in vehicles,” said a lead analyst at FMI.”

Demand from Electronics Industry Spurring Growth

The electronics industry has significantly surged in the last few years. Encouraged by strong growth it exhibited across the world, gold plating chemicals suppliers are expecting strong demand from the electronics industry.

Application of gold plating chemicals in a variety of products from microelectronic components to aerospace machine parts such as solar photovoltaic cells has been enabling growth in the market. While demand from the electronics industry may hit a snag in 2022, FMI projects it to recover from the first quarter of 2021. Innovations witnessed drive growth in the sector will augur well for the gold plating chemicals market.

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Who is winning?

The market for gold plating chemicals is a highly fragmented, however, tier 1 companies enjoy a higher representation in terms of share. Most companies operating in the market are likely to focus on research and development activities to gain competitive edge.

While expansion strategies are a mainstay among market players, some of them have postponed their plans following the unprecedented COVID-19 outbreak. There is also immense focus on leveraging alternative distribution channels to strengthen their presence amid the tumultuous times.

Some of the leading companies operating in the market are Johnson Matthey Plc, Technic Inc., Umicore, Legor Group Spa, Matsuda Sangyo Co., Ltd., METALOR, American Elements, Hiemerle + Meule GmbH.

Gold Plating Chemicals Market by Category

By Product Type, the market of Gold Plating Chemicals is segmented as:

Cleaning Chemicals
Pre-treaters
Electrolyte Solutions
Acids
Additives
Others

By Chemical Type, the Gold Plating Chemicals Business is segmented as:

Potassium Gold Cyanide
Palladium acetate
Sodium succinate
Succinic acid
EDTA
Others

By Application, the Gold Plating Chemicals Business is segmented as:

Jewellery
Infrared Reflectors
Grating

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More About Gold Plating Chemicals Market :

A new market research report published by Future Market Insights (FMI) on the global gold plating chemicals market offers an executive-level blueprint of the market. It offers insights into demand trends and provides analysis of opportunities over the forecast period, 2022-2030. The report examines the market through four different segments – chemical, application, product, and region.

The report also provides extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the supply of gold plating chemicals and product adoption across several end-use industries.

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

Precious Metal Plating Chemicals Market: The precious metal plating chemicals market is valued at US$ 1.6 Bn in 2021. It is set to grow at 3.9% CAGR through 2027. The silver segment is projected to have a market value of nearly US$ 6 Bn by 2027-end.

India Construction Chemicals Market: Growing awareness and governmental initiatives towards recovery of various sectors of economy, Future market insights expects that the construction chemicals market in India will expand at CAGR of 13.6% through 2031.

Industrial and Institutional Cleaning Chemicals Market: The global industrial & institutional cleaning chemicals market is expected to reach a market valuation of US$ 71.35 Billion by the year 2022, accelerating with a CAGR of 7.3% by 2022-2032.

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Sterilants Market | Steris Plc., Evonik Industries AG, Thor Group, Ecolab Inc. | By 2031

The global Sterilants Market is forecast to surpass the valuation of US$ 3.2 Bn by the end of 2031 projects ESOMAR-certified consulting firm Future Market Insights (FMI). Surging demand for sterilized medical equipments and rising inclination towards low-temperature sterilization are leading sterilants market drivers.

Hospitals are working tirelessly to avoid cross contamination by using sterilants wherever necessary, boosting the market demand. COVID-19 pandemic heightened the demand for hygienic environment to curb the transmission and control the virus outbreak. This created a surge in demand of sterilants from hospitals and clinics. Governments across the globe changed their approval policies for new product as a measure to combat the viral infection. Many market players are working towards developing aseptic and effective sterilants creating conducive environment for market growth.

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Lethal nature of sterilants is one of the leading restraints to market growth. Prolonged exposure to sterilants can cause adverse reproductive effects, respiratory irritation, shortness of breath, neurotoxicity among others. The difficulty related to disposal of biomedical waste and harmful environmental effects of chemical sterilants will further hinder the market growth. Occupational Safety and Health Administration (OSHA) has levied heavy restrictions biomedical waste disposal and chemical usage in sterilants. Increasing R&D towards developing safer sterilants will elevate the market demand in upcoming years.

“Increasing government initiatives and campaigns to spread awareness regarding hygiene coupled with growing research towards creating better sterilizing agents will fuel the sterilants market growth,” says the FMI analyst

Key Takeaways

Growing customer preference towards better hygiene in the wake of pandemic has significantly boosted the demand for sterilants in the U.S.
The sterilants market in China is forecast to experience am impressive growth of 6.2% CAGR throughout 2021 to 2031. The growth can be attributed to growing affordable healthcare services, better insurance policies and increasing purchasing power of the customer.
India is expected to offer lucrative market growth opportunities during the forecast period. Rising clinical trials, low research and development cost and emergence of new market players will increase the sterilant demand in the country.
Soaring popularity of ethylene oxide for medical device sterilization along with its high effectiveness against the bacteria and viruses will increase its market demand.
Hospital will continue being the highest consumer of sterilants on the backs of increasing cases of human associated infections (HAIs), rising number of surgical procedures and escalating number of hospitals globally.

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Competitive Landscape

FMI has profiled some of the prominent market players providing sterilants that include Steris Plc., Evonik Industries AG, Thor Group, Ecolab Inc., LANXESS, OZU Corporation, Veltek Associates, Inc., Gul Biyoloji Laboratuvari, 3M Company, Cantel Medical Corporation, Arkema S.A., Metrex Research, LLC, Solvay SA, Contec, Inc., Cetylite, Inc., Whiteley Corporation. Industry leaders are developing customized sterilants to satisfy the consumer needs.

They are expanding their product range to expand their global foothold. Strategic acquisition, merger, collaboration with regional distributors are in the cards to gain competitive edge among leading players. COVID-19 pandemic surged the demand for versatile sterilants promoting market players to develop efficient products to cater the demand.

For instance, Lanxess launched “Rely+On Virkon” disinfectant in response to the pandemic in 2020. The product works best on hard surfaces and equipment and reduces the contamination of surfaces.

More Insights on the Global sterilants Market

Future Market Insights, in its new offering, provides an unbiased analysis of the sterilants market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the sterilants market with a detailed segmentation on the basis of product type (ethylene oxide (ETO), glutaraldehyde, hydrogen peroxide gas plasma (HPGP), vaporized hydrogen peroxide, immersion and vapor phase peracetic acid, others), form (liquid, spray), end use (hospitals, clinics, ambulatory surgical centers, diagnostic laboratories, reference laboratories, rehabilitation centers, long term care centers, critical care centers, pharmaceutical & biotechnology companies, academics and research institutes, homecare settings) across major regions (North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East and Africa)

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Key Questions Covered in the Report

How will the sterilants market expand through 2031?
Which top manufacturing companies are leading the global sterilants market?
What are the key drivers and trends that will stimulate the sterilants sales?
What are the challenges that will affect the sales of sterilants market?
Which region will remain the most lucrative throughout the forecast period?
What is the impact of Covid-19 on sterilants market?

Sterilants Market by Category

Product

Ethylene Oxide (EtO)
Glutaraldehyde
Hydrogen Peroxide Gas Plasma (HPGP)
Vaporized Hydrogen Peroxide
Immersion and Vapor Phase Peracetic Acid
Others

Form

Liquid
Spray

End-user

Hospitals
Clinics
Ambulatory Surgical Centers
Diagnostic Laboratories
Reference Laboratories
Rehabilitation Centers
Long Term Care Centers
Critical Care Centers
Pharmaceutical & Biotechnology Companies
Academics and Research Institutes
Homecare Settings

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Precipitated Barium Sulphate Market is Projected to Surpass US$ 962.6 Million by 2030 | Says FMI Analyst

The precipitated barium sulphate market has been gaining significantly from the expansion of construction and renovation works. In addition, the rising demand for effective coatings in automotive sector is compounding growth prospects for the market.

Future Market Insights (FMI), in its latest study, has forecast the market to rise at 3.8% CAGR between 2020 and 2030. Companies operating in the market are aiming at developing novel materials via eco-friendly methods to keep pace with changing industry needs.

The market has been significantly expanding over the last few years, especially on account of recent technological advancements. Besides this, the rising application in various types of synthetic resins is expected to boost growth.

Precipitated barium sulphate is often added as light diffusing material to synthetic resins such as acrylic resins. It is a white crystalline solid and odorless inorganic compound. It is insoluble in water and transpires into inorganic barite, which is considered as a rewarding source of barium and other materials derived using barium.

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It finds wide application in paints & coatings and plastic products. With consumers’ preference for plastic products consistently rising, precipitated barium sulphate sales are poised to surge in the near future. Coatings and rubber industries too will exhibit lucrative scope for applications in the coming years.

FMI’s report on the market offers a comprehensive overview, covering key market dynamics.

Some of the takeaways from the report are as follows:

Market valued at US$ 664 Mn, which
Sluggish growth is expected in the current year as a result of ongoing pandemic crisis
Market is forecast to recover, picking growth pace from 2021 onwards
East Asia is expected to remain dominant, with China emerging as an extremely lucrative market

“The demand from paints & coatings sector will be a chief growth driver of the market. Despite temporary slump caused due to the COVID-19 outbreak, market will recover as economies return to normalcy,” said a lead analyst at FMI.

COVID-19 Impact on Precipitated Barium Sulphate Market

As the novel coronavirus tightened its noose, lockdown orders swept across various nations, causing serious dent in revenue generated across various industries. Temporary suspension of operations on account of hindered transport, labor shortage, and material supply exposed unpreparedness of various industries. The effect was percolated to various associated markets.

The lack of operations in paints & coatings industry and other application segments resulted in loss of revenue for the precipitated barium sulphate market. This factor single-handedly has pushed the markets CAGR to lower than -1%.

Nonetheless, experts are positive about the market’s future and forecasts recovery in 2021. With governments gradually lifting restrictions and lockdown orders, industries are resuming operations, which is expected to augur well for the market.

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Who is winning?

FMI in its report studies various strategies adopted by some of the leading companies operating in the market. Most companies are focusing on environment-friendly manufacturing to cater to the changing industry culture. Collaborations also remain a mainstay especially among companies looking to expand their regional footprint and product portfolio.

Some of the companies operating in the precipitated barium sulphate market are Merck KGaA, Alfa Aesar, Solvay SA, Huntsman Corporation, Guizhou Redstar Development Co., Ltd., Sakai Chemical Industry Co. Ltd. and others.

Precipitated Barium Sulphate Market by Category

By Particle Size:

Up to 1 μm
Up to 3 μm
Up to 5 μm and Above

By Application:

Paints & Coatings
Pulp & Paper
Plastics & Polymers
Rubber
Others

To Know More About Precipitated Barium Sulphate Market:

A new market research report published by Future Market Insights (FMI) on the global compound semiconductor materials market report offers comprehensive insights into the market demand trends and analysis of opportunities over the forecast period, 2020-2030.

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The report examines the precipitated barium sulphate market through three different segments – particle size, application and region. The market report also provides extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the supply of precipitated barium sulphate and product adoption across several end-use industries.

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

Magnesium Sulphate Market: The global market of magnesium sulphate is currently valued at around US$ 610.2 Mn, and is anticipated to witness a year on year growth of 5.4% in 2022 reaching a value of US$ 643.3 Mn by 2022 end.

Potassium Sulfate Market: According to Future Market Insights (FMI), the global potassium sulphate market registered a year-on-year (YoY) growth of 4.9% in 2021. Future Market Insights (FMI) forecasts the market value to top US$ 4,742.0 Mn in 2022.

Ammonium Sulphate Market: The Global demand for ammonium sulphate is expected to rise 7.5% per year to $3 billion in 2022. Ammonium sulphate is an inorganic salt used as fertilizer for alkaline soils.

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Shot Blasting Machine Market – Major Revenue Gain is Predicted by 2031

Sales in the global shot blasting machine market are expected to increase at a healthy 5% CAGR, reaching a valuation of US$ 1.8 Bn in 2031. Shot blasting machines play a vital role in the metal industry. With increasing demand from industries such as aerospace and automotive, sales will rise across the globe over the forecast period.

Growing demand for shot blasting equipment from the construction and automotive sectors is expected to drive the demand for semi-automatic shot blasting machine in the forthcoming years.

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Further, manufacturers are offering customized shot blasting machines to improve sales in the market. They are focusing on innovative technologies and techniques to improve the performance of these machines. This is expected to augment the. Growth of the market in the forthcoming years.

As per FMI, sales in China and India are expected to increase at a considerable pace owing to rapid urbanization, increasing sales of electric vehicles, and growing residential and commercial establishments.

“Increasing applications of shot blast machines in the aviation sectors, along with surging demand for roller conveyor shot blasting machines will continue boosting the growth in the market over the forecast period,” says an FMI analyst.

Key Takeaways:

In terms of product type, sales of wheel blasting machines are projected to increase at a 3.8% CAGR through 2031.
Based on automation, demand in the semi-automatic segment will grow at a 4.1% CAGR over the assessment period.
Sales in the automotive sector will increase at a steady 4.2% CAGR over the forecast period.
The U.S. will dominate the North America shot blasting machines market, expanding at a 4% CAGR.
The U.K. will emerge as a lucrative pocket in the Europe shot blasting machines market, with sales growing at a 4.3% CAGR.

Competitive Landscape

Some of the key players in the market are SINTOKOGIO, LTD., Rösler Oberflächentechnik GmbH, Norican Group and SHANDONG KAITAI GROUP CO. LTD. Top 5 players are projected to account for 20-25% of the total market share over the forecast period.

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The global shot blasting machines market is extremely consolidated. Market players are competing to increase their global footprints by advancing their product portfolio through technological innovations and new product development. Players are also expanding their sales channels in emerging markets through collaborations and are focusing to provide global service network to end users.

Find More Valuable Insights

The research report analyzes the market demand trends of shot blasting machine market. The global market estimation and growth projection is based on factors like end use industries development, COVID-19 crisis impact, replacement ratio, and adoption rate of Shot Blasting Machine. As per Future Market Insights research scope, the Shot Blasting Machine Market has been studied and segmented on the basis of product type, automation, end-use industry and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply side and demand side.

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Protein A Resins Market | GE Healthcare, Thermo Fisher Scientific, Kaneka Corporation, JNC Corporation | By 2031

According to a recent study by Future Market Insights (FMI), the global Protein A Resins Market is expected to witness high growth during the forecast period. The market is expected to grow from US$ 536.6 Mn in 2020 to over US$ 1.2 Bn by 2031. This reflects a cumulative CAGR of around 8.1% over the forecast period (2021-2031).

Increasing researches conducted on monoclonal antibodies are driving demand for protein A resin. Since the commercialization of the first therapeutic monoclonal antibody in 1986, till May 2021, around 100 monoclonal antibody products have been approved by the U.S. FDA and European Medical Agency for the treatment of various diseases such as cancer.

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Monoclonal antibody therapy for the treatment of mild to moderate COVID-19 in patients has also been approved by the FDA under Emergency Use Authorization (EUA).

Studies on monoclonal antibodies have indicated that more monoclonal antibody therapies are in the process of getting FDA approval and can be marketed in the near future to cater to rising demand in the global life sciences industry. Thus, increasing research on monoclonal antibodies (mAb) is expected to fuel the demand and utilization of protein A resin for purification and precipitation purposes.

For the purification of monoclonal antibodies (mAb), different technologies are available which includes membrane chromatography, mixed chromatography, and aqueous two-phase extractions (ATPS). However, protein A resin holds the top position for the purification of mAbs.

With many industries facing issues of leaching of ligand and resistance during the commercialization of monoclonal antibodies (mAbs), the availability of next-generation protein A resins with improved purification conditions, such as alkaline-stability, and with very low ligand leaching, is expected to increase the production and throughput demand for protein therapeutic processes.

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Furthermore, in June 2018, Purolite Life Sciences launched a novel next-generation Protein A agarose resin, Praesto Jetted A50. GE Healthcare, in 2017, introduced a next-generation protein A resin, MabSelect PrismaA, which was designed to enable biopharma manufacturers to improve their mAb purification capacity by up to 40% over GE Healthcare’s existing protein A affinity medium. These product launches are expected give tailwinds to growth registered in the market.

Such developments not only strengthen the company’s existing portfolio but also help to increase their presence at the regional as well as global level.

Key Takeaways from Protein A Resin Study

By product, the natural protein A resin hold the maximum share of 62.8% in 2021. Natural protein A is derived from a bacterial cell of the staphylococcus aureus species and mainly used in the purification of monoclonal antibodies.
By matrix, the agarose based matrix of protein A resin account for 85.8% of the market share in 2021 indicating the highest demand, offering high binding specificity when in comparison to other matrices and are widely used for the attachment of ligands that bind proteins.
By application, the antibody purification of protein A resin segment will account for 74.8% of the market share in 2021.
By end user, the biopharmaceutical manufacturers will account for 79.2% of the market share in 2021.
By region, North America held the largest share of 35.7% of the global protein A resins market in 2021.
The U.S. will emerge as a leading market in North America, while growth registered in Europe will be spearheaded by Germany and the U.K.

“Increasing demand of protein A Resins for biologics production including monoclonal antibody and biosimilars is expected to drive the demand of protein a resin over the decade. To capitalize on existing opportunities, market players are expected to push investment towards product launches and research initiatives,” says the FMI Analyst

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Who is Winning?

Some of the leading manufacturers of protein A resin market are focusing on product launch collaboration and partnership strategies for global expansion objectives, thereby, enhancing their market presence.

In August 2021, Danaher Corporation acquired Aldevron and stated that Aldevron will work as a stand-alone operating firm and brand within the life sciences segment of Danaher to provide a vast range of custom biologic services, including plasmid DNA production, mRNA production, and antibody development.
On 11 February 2021, Thermo Fisher Scientific Inc. started the online offering of its essential Thermo Scientific Dionex Easion and Thermo Scientific Dionex Aquion Ion Chromatography (IC) systems through easy online ordering. This step was undertaken in order to reduce the in-person transaction during the pandemic.
In October 2020, Kaneka Corporation collaborated with the biomedical research institute “de Duve Institute” of the University of Louvain, wherein they signed a research collaboration agreement in order to develop innovative biomedicine production technologies and strengthen and expand the company’s current biomedicine CDMO business.
In April 2020, Bio-Rad Laboratories, Inc. launched a blood-based immunoassay kit to identify antibodies to the coronavirus SARS-CoV-2, the virus associated with COVID-19.

The key market players covered by FMI include :