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As per a study by FMI, the global electronics adhesives market is anticipated to exhibit a CAGR of 8.6% during the forecast period 2021-2031 in the comparison CAGR of 7.5% registered between 2016 and 2020. The market for electronic adhesives is expected to surpass a valuation of US$ 4.9 billion by the year 2031.

Polyurethane material accounts for nearly 50% of the global electronics adhesives market share. Driven by the characteristics such as a longer life cycle and thermal resistance, polyurethane is predicted to be the fastest-growing segment in terms of material, registering a CAGR of 8.5% over the course of the assessment period.

Leading market players are launching innovations in electronic adhesives to cater to industry-specific applications. For instance, DELO launched a new pressure-sensitive electronic adhesives to address the increasing demand for applications in smartphone speaker surfaces and display frames for low fill factor. The introduction of these innovative products is expected to drive the market growth.

Asia-pacific is leading the global electronics adhesives market. Expansion of automobile sector and consumer electronics sectors is expected to bolster scope for application in the region.

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“Key market players are increasing their investments in product development to cater to the rising demand for electronics adhesives due to on-going development of next-generation wireless 5G infrastructure network,” says the FMI analyst. 

Key Takeaways

• China is dominating the electronics adhesives market with more than half of the total market share in Asia Pacific and is estimated to reach the valuation of US$ 854.3 million through 2021.
• India has emerged as one of the most lucrative markets. The country is anticipated to reach a valuation of around US$ 537.5 million by the end of the forecast period.
• In North America, the U.S. is expected to hold over 80% of the market share, owing to increasing investment in R&D for advanced technologies.
• Driven by the strong presence of automotive suppliers and manufacturers, Germany is projected to register growth at a CAGR of 7.2% through 2031.
• Due to the high demand for electronic circuits and devices, the automotive sector is dominating the segment with around 18.8% of the market share.

Key Drivers

• Growth of the automobile sector is expected to fuel the demand for electronics adhesives.
• Rising need for anti-theft systems is creating growth opportunities for the market.
• Increasing demand for encapsulation processes in the telecommunication and mobile industry will bolster the market growth.
• Surging adoption of laptops, smartphones, and tablets is spurring the sales of electronics adhesives.

Key Restraints

• High cost of installation is a factor hampering the demand for electronics adhesives.
• Volatility in the price of raw material is restraining the growth of the market.
• High cost of packaging and advanced machinery is posing a challenge for the market growth.

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Competitive Landscape

Market players are focusing on regional expansion strategies and acquisition to strengthen the foothold. Besides this, some of the market players are focusing at strategic collaborations with regional distributors and end users to expand their customer base. For instance,

• Quad Industries and Henkel Adhesive Technologies collaborated to support prototyping solutions and technological value creation in February 2021.
• In 2021, ShengChyuarn announced that they have specialized in the distribution and production of high-quality organosilicon materials for the application of commercial industrial production.

Some of the leading companies operating in the electronics adhesives market are:

• 3M
• Dymax Corporation
• DOW Chemical Company
• Henkel AG & Co. KGaA
• H.B. Fuller Company (Royal Adhesives & Sealants LLC)
• Evonik Industries AG
• Sika AG
• Bostik AG
• ThreeBond
• Shin Etsu Silicones
• Konishi Co, LTD.
• TERAOKA SEISAKUSHO CO., LTD.
• TOMOEGAWA
• YAMATO Co.,Ltd

More Insights on FMI’s Electronics Adhesives Market

The latest market study on global electronics adhesives market by Future Market Insights gives a detailed segmentation for the forecast period of 2021-2031. In order to gain a better perspective of the global market potential, its growth, trends, and opportunities, the market is segmented on the basis of

Future Market Insights’ newly published report “Hydrogen Electrolyzer Market: Global Industry Analysis 2013–2017 and Opportunity Assessment 2018–2028” examines the Hydrogen Electrolyzer market and offers valuable key insights for the next ten years. On the basis of key findings reported in the study, the Hydrogen Electrolyzer market is anticipated to witness significant demand from end-use applications, such as energy, ammonia, power to gas, electronics, glass industry, etc. Growing end-use applications will give a boost to the Hydrogen Electrolyzer’s market during the forecast period.

While growing with a value CAGR of 7.2%, the Hydrogen Electrolyzer market is expected to reach US$ 426.3 Mn in 2028, from a value of US$ 213.1 Mn in 2018. The incremental $ opportunity created by the Hydrogen Electrolyzer market is pegged to be at US$ 213.2 Mn between 2018 and 2028.

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Hydrogen Electrolyzer Market Dynamics   

Hydrogen electrolyzer is a system for various end-use industries. Industries, such as electronics, food & beverages, metal production and fabrication, and pharmaceuticals, utilize hydrogen for different applications. Macroeconomic growth of these industries as well as increasing demand for hydrogen electrolyzer from these industries is expected to drive the growth of the market over the next few years.

The global Hydrogen Electrolyzer industry has a diverse business environment, characterized by continuous developments and introduction of new technologies. These advancements range from increasing efficiency of hydrogen production to increasing efficiency of fuel cells and various components existing in between. These advancements are making investors positive about investing more at one or multiple points in the hydrogen production supply chain, thereby facilitating market growth.

Hydrogen Electrolyzer Market Forecast

The global Hydrogen Electrolyzer market is estimated to grow and become 2.0X during the forecast period owing to growth in end-use industries, such as power to gas, energy, lubricant, ammonia, methanol, electronics, glass industry, food & beverages, etc. From a geographical perspective, Western Europe, followed by Asia Pacific excluding Japan (APEJ), is expected to dominate the global Hydrogen Electrolyzer market over the forecast period. On the basis of incremental $ opportunity, Western Europe is estimated to account for US$ 50.2 Mn in 2018 and is expected to reach US$ 101.2 Mn by the end of 2028 in the global Hydrogen Electrolyzer market during the forecast period.

Preview Analysis of Hydrogen Electrolyzer Market Segmented by (Product Type – PEM Hydrogen Electrolyzer, Alkaline Hydrogen Electrolyzer & Solid Oxide Hydrogen Electrolyzer; Capacity – Low (≤ 150 kW), Medium (150 kW – 1 MW) & High (> 1MW); Hydrogen Outlet Pressure – Low (≤10 bar), Medium (10 bar – 40 bar) & High (≥ 40 bar); End Users – Ammonia, Methanol, Refinery/Hydrocarbon Processing, Electronics, Energy, Power to Gas, Transport, Metal Production & Fabrication, Pharma & Biotech, Food & Beverages, Glass Industry & Others;) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2028 @
https://www.futuremarketinsights.com/reports/hydrogen-electrolyzer-market

By product type, the alkaline Hydrogen Electrolyzer segment is expected to dominate the market with a value of US$ 124.3 Mn in 2018. The segment is anticipated to account for more than half of the market value share in the Hydrogen Electrolyzer market during the forecast period. On the basis of growth, the PEM Hydrogen Electrolyzer segment is anticipated to grow at a sluggish growth rate when compared to solid oxide Hydrogen Electrolyzer segment in the global Hydrogen Electrolyzer market during the second half of the forecast period.

Among all capacity segments, the low capacity segment is projected to dominate the global Hydrogen Electrolyzer market during the forecast period. In terms of volume, the medium capacity segment is expected to hold approximately one-third of the market share in 2018 and will remain dominant throughout the forecast period in the global Hydrogen Electrolyzer market. The incremental $ opportunity created by the high capacity segment is pegged to be two-third of the incremental $ opportunity created by the medium capacity segment.

On the basis of hydrogen outlet pressure segment, the low capacity hydrogen outlet pressure segment is estimated to hold more than two third of market value share and is expected to dominate the market throughout the forecast period. This segment will be closely followed by the medium capacity hydrogen outlet pressure segment. In terms of incremental $ opportunity, the high capacity hydrogen outlet pressure segment is expected to create incremental $ opportunity worth US$ 35.21 Mn in between 2018 and 2028 in the global Hydrogen Electrolyzer market.

Hydrogen Electrolyzer Market Competitive Landscape

Siemens AG, Nel Hydrogen, McPhy Energy S.A, ITM Power Plc, Tianjin Mainland Hydrogen Equipment Co. Ltd, Hydrogenics, Areva H2Gen, ELB Elektrolysetechnik GmbH, GreenHydrogen.dk ApS, Giner Inc, iGas Energy GmbH, Beijing CEI Technology Co., Ltd, Next Hydrogen and Accagen SA are some of the key participants covered in this study.

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According to a Future Market Insights (FMI) report, the Specialty paper market is expected to surpass US$ 14.9 Bn in 2021, at a CAGR of 5.1% between 2021 and 2031. Specialty paper is used in packaging, printing and writing, and building and construction sectors.

Their increasing application across diverse sectors can be attributed their moisture resistance, low-weight, waterproofing, cost-effective, and customizable characteristics. Specialty paper is available as décor paper, kraft paper, thermal paper, and carbonless paper. Of these, its application for décor purposes accounts for maximum sales in the market.

Also, specialty paper is non-reactant in nature which is suitable for food and beverage packaging. In the past few years, specialty paper has gained immense popularity as it provides better aesthetics. The report foresees ample opportunities for manufacturers in the near future due to the rise in usage of the specialty paper in various sectors.

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The expansion of the E-commerce industry means a rise in demand for packaging materials to ship products across the world. Specialty paper offers a wide range of packaging solutions to the e-commerce industry and to its logistics partners. Spurred by this, the demand for specialty papers is expected to surge in the near future.

Paper sourced from wood and wood pulp is considered to be environmentally-friendly, in comparison to plastic, which takes a longer period to decompose. Presence of untapped markets can provide lucrative opportunities for market players, especially those extending biodegradable offerings.

Key Takeaways from Specialty Paper Market

• Décor paper is estimated to hold nearly 2/5^th value share in the global market in 2021 and expected to expand by 240 bps by 2031 owing to increasing use in building and construction sector.
• Kraft paper demand is expected to grow at 6.5% CAGR during 2021-2031. Increasing demand for sustainable bags and pouches will drive growth in the segment.
• The U.S. will hold the lead in North America, accounting for more than 6 times the value share of Canada in 2021.
• Germany, driven by the presence of leading market players will account for more than 22% of the Europe market will hold the lead in 2021.
• Strong growth in the automotive and construction sectors will drive the China market, which is expected to account for more than 71% of the East Asia market value share by 2031.

 “Specialty papers sales are surging on the back of rising application in the packaging industry. Focus on offering attractive packaging without hampering product quality will fuel demand for specialty papers. Their application also is expected to surge as a non-reactant material,” said a FMI analyst. 

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Impact of COVID-19 on the Specialty Paper Market

The specialty paper market has been negatively impacted as sales slumped amid the COVID-19 pandemic. This can be attributed to restrictions imposed on operation and production activity in various end-use industries which directly affected market growth.

Disruptions in logistics and supply chains hampered market growth. The building and construction sector was also impacted by COVID-19 which contributed to the adverse impact on specialty paper.

Since the beginning of 2021, players operating in specialty paper market have tried to push sales by increasing production capacity while offering innovative products. Overall, the market for specialty paper is expected to rise at a faster pace during the latter part of 2021.

Who is Winning?

Tier 3 players in the specialty papers market hold 60-70% of the global value share. Global leaders in turn contribute to around 30-40% of the global market.

International Paper Co., Oji Holdings Corp., and UPM-Kymmene Oyj are the top players operating in the specialty paper market. Furthermore, Stora Enso Oyj, Nippon Paper Industries Co., Ltd, and Mondi plc. are some of the leading players in the specialty paper market.

Specialty Paper Market by Category

By Product Type:

• Décor
• Thermal
• Carbonless
• Kraft
• Other types

By End-Use Application:

• Printing and Writing
• Packaging
• Building and Construction
• Industrial
• Other Commercial End Use

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More Valuable Insights into Specialty Paper Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global specialty paper market, analyzing historical demand from 2015-2020 and forecast statistics for 2021-2031.

The study reveals growth projections on the specialty paper market based on product type (décor, thermal, carbonless, kraft, and other types) and end-use application (printing & writing, packaging, building & construction, industrial, and other commercial end-use) across seven regions.

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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North America Variable Frequency Drive Market stands at 4.77 Bn as of now and is expected to be worth US$ 5.06 Bn by the year 2032 at a CAGR of 6% from 2022 to 2032.

North America is known for being more into machines and less into human labor. Variable frequency drives help in smooth sailing with respect to dependence on these machines. They, in fact, help verticals in manufacturing more products with minimal wastage. It has been reported that these drives reduce downtime by increasing machine productivity, machines’ efficiency, and quality of production.

A variable frequency drive (better known as VFD), could be described as a kind of motor controller driving an electric motor by varying voltage and frequency supplied to electric motor. The other terms to refer to VFD include adjustable speed drive, variable speed drive, AC drive, adjustable frequency drive, inverter, and Microdrive. The three different kinds of VFDs are fluid drives, electric drives, and mechanical drives.

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Rising prices of energy have resulted in an inevitability of energy-efficient motor control systems. They prove to be a good alternative to various throttling devices like valves and dampers and fixed speed controllers. Along these lines, Len Busch Roses has Danfoss’ variable frequency drive for regulating airflow in snapdragon greenhouse, that too, with precision. As such, Len Busch has witnessed reduction in energy costs by 22%.

Smart grid technology is being increasingly adopted, which could open doors for varying voltage and phase angle required. This ascertains that electricity gets transferred more efficiently.

Single VFD is getting used to control multiple electric motors, so as to dissipate less energy. Synchronous bypass method makes use of a VFD for starting and synchronizing multiple motors through transfer of load from a source to the other. Rockwell Automation states that asynchronous variable frequency drive system used to control two motors is capable of saving up to 33% of the initial capital spending.

At the same time, the fact that VFDs release pulses that are asynchronously switched can’t be ignored. If there happens to be a long cable between the motor and VFDs, the reflected pulses could result in production of voltage overshooting line voltage, thereby causing tension in cable and motor windings. Insulation thus fails, specifically for the motors that operate at 490 volts (or even higher). Future Market Insights has, through its latest market study entitled ‘North America variable Frequency Drive Market’, etched these findings with future perspectives.

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Key Takeaways from North America Variable Frequency Drive Market

• The AC drive dominates North America Variable Frequency Drive market. It, in fact, accounts for more than 70% of the overall market. This could be credited to wider application on their part in heavy and medium industries like power generation, oil and gas, food and beverages, paper and pulp, infrastructure, and automotives.
• Low voltage accounts for more than 80% of the overall market share due to growing demand for low power variable frequency drives in fans, pumps, machine tools, crane, fluid machines, printing machines, metal processing machines, and food processing machines.

“Call for better productivity with reduced downtime to drive North America Variable Frequency Drives market”, says an analyst from Future Market Insights.

Competitive Landscape

• Yaskawa Electric Corporation, in June 2021, announced tabling HV600 family of the drives that incorporates advancements in HVAC applications’ variable speed control.
• Eaton Corporation, in June 2021, came up with PowerXL DM1 micro variable frequency drive designed for OEMs at industrial and commercial level.
• Fuji Electric, in September 2022, announced working on virtual power plant in the direction of spreading renewable energy.
• Emerson, in June 2022, acquired Fluxa, thereby strengthening its foothold in the life sciences vertical.

What does the Report Cover?

• Future Market Insights offers an exclusive perspective and various real-time insights on North America Variable Frequency Drive market in its latest study, presenting historical demand assessment of 2016 – 2021 and projections for 2022 – 2032.
• The research study is based on voltage range (low voltage range and medium voltage range), by end-use vertical (oil & gas, food processing, and automotive), and by application (standard and regenerative).

Key Segments Profiled

By Voltage Range Type:

• Low Voltage Range
• Medium Voltage Range

By End-use Industry:

• Oil & Gas
• Food Processing
• Automotive

By Application:

• Standard
• Regenerative

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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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Bulk terminals play instrumental role in industrial infrastructure, wherein they ensure safe and efficient movement of critical resources. Despite current downturns in global seaborne trade due to COVID-19 pandemic, the global minor bulk trade has expanded considerably. Analysts at Future Market Insights (FMI) have estimated that global minor bulk traded has expanded up to 1.74 billion tons.

COVID-19 Impact on Bulk Terminals Market

The COVID-19 pandemic is triggering huge supply chain disruptions for bulk terminals market due to strict lockdown measures, especially in Asian supplier regions. Such stringent measures have led to dearth of workers – truck drivers and labors – at port terminals.

In addition, the market is suffering due to shortage of transportation facilities such as. Studies reveal that trucks and containers dropped by about 50% due to decreasing number of trailers and unavailability of drivers. This has further slowed down transshipping operations at terminals.

Driven by rising concerns regarding worker safety, several end-use industrial operators have brought manufacturing processes to temporary halt, thereby, hurting the demand for bulk terminals.

In an effort to stay afloat amid the COVID-19 crisis, upgradation in automation capabilities will be critical for bulk terminal market players in immediate future.

Bulk Terminals Market – Competitive Intelligence

Leading players in global bulk terminals market are focused on inorganic growth strategies such as mergers and acquisitions (M&A) as well as contracts in order to boost theor market presence. Case in point,

• Ultramar Group has entered into transshipment collaboration with Acron Group to transship over 1.2 million tons per year (tpy) of mineral fertilizers.
• Noatum Maritime has taken over multi-purpose bulk terminal business from Noatum Ports.
• Teck Resources and Westshore Terminals have entered into an agreement for new throughput contract for export of metallurgical coal beginning in April 2021. The contract will witness 5-7 million mt of metallurgical coal exported from April through December 2021.

To Know More About Bulk Terminals Market:

A new market research report published by Future Market Insights (FMI) on the global bulk terminals market report offers comprehensive insights into the market demand trends and analysis of opportunities over the forecast period, 2020-2030. The report examines the bulk terminals market through two different segments – bulk type, and region. The bulk terminals market report also provides extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the manufacturing of barcode printers and product adoption across several end-use industries.

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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 power tools market size was valued at US$ 33.36 Bn in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 5.1% CAGR between 2021 and 2031. Tools that are activated using a power source apart from manual labor are termed as power tools.

They are used in a variety of applications, including production and assembly lines, maintenance and repair, packaging, and do-it-yourself projects. Power tool demand is being driven by several factors, including ease and efficiency of operation, reduced time and labour requirements, and easy portability.

Demand is expected to skyrocket as manufacturing activity expands across the industry. According to fmi, production programmes will account for the majority of market income during the forecast period. Aside from that, the growing popularity of do-it-yourself sports will increase revenue opportunities for the market.

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Key Takeaways from Global Power tool Market Study

1. The power tools market will exhibit growth of 0.2% in 2021 over 2020 to reach 4,3%
2. The overall outlook remains positive as FMI forecasts the market to rise at ~5.1% between 2021 and 2031.
3. The U.S. is expected to spearhead growth in North America, accounting for over 62% of the overall share in the region in 2021
4. The U.K. is expected to exhibit 4.6% year-on-year growth between 2021 and 2031
5. The outlook for Italy and France is expected to remain positive over the forecast period

“The power tools market is witnessing a strong growth trend, attributing to increasing demand from various end use industries. Key industry participants are focusing on developing partnerships with regional distributors in order to gain a competitive advantage in the evolving global market. To comply with the advent of online sales channel, adoption of e-commerce will create extensive opportunities for market participants during the forecast period.” says FMI analyst.

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Key Segments

Product Type

• Drilling Tool
• Fastening Tool
• Heat Gun
• Angle Grinder
• Chain Saw
• Orbital Sander
• Jigsaw
• Impact Wrench
• Circular Saw

Technology

• Electric
  • Corded
  • Cordless
• Pneumatic

Application

• Manufacturing
  • Metal Fabrication
  • Automotive
  • Railways
  • Aerospace
  • Furniture
  • Others
• MRO Services
  • Facility Management
  • Automotive
  • Aerospace
  • Other Industrial
• DIY
• Construction

Sales Channel

• Online
• Offline

Region

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

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The adoption of Benelux power tools witnessed a moderate growth rate of 4.1% CAGR and is estimated to foresee a Y-O-Y growth of 5.3% in 2022. However, with growing trend of do-it-yourself and increasing adoption of cordless power tools by end users, the overall market is set to grow at a CAGR of 4.5% between 2022 and 2032.

Power tools are those that are activated by a mechanism and power source other than just hands-on manual labor. Because of the increased accuracy, speed, and efficiency offered by these tools, end users’ overall productivity has significantly increased.

Electric power tools will continue to be the most popular power tools by mode of operation, with 5.8 million units anticipated to be shipped in 2016, up from 5.7 million units in 2015. However, due to their small size and generally lower cost, pneumatic power tools, also referred to as air tools, will continue to grow in popularity among do-it-yourselfers.

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Demand for power tools will continue to be strong from the construction sector, as Benelux’s housing sector witnesses another year of relative stability. The real estate sector in Benelux wasn’t as severely impacted by the crash of 2007-08, as it did not participate in the ‘bubble’ preceding the crash.

Growth of the Benelux power tools market will also be supported by rising adoption in the Union’s automotive sector. While availability of durable and cost-effective power tools will drive overall demand, the growing DIY trend will ramp up adoption in the consumer segment. Increasing penetration of Chinese products is also expected to play an important role in driving sales in 2016 and beyond.

Netherlands will continue to be the largest market for power tools in Benelux, with total volume expected to reach 5.5 million units in 2016. The Netherlands power tools market is expected to be worth US$ 470.0 million by 2016-end, witnessing a growth rate of 3.7% in 2016 over 2015. Belgium, the second largest market for power tools in Benelux, will witness total sales worth 359.2 million in 2016.

On the basis of end use, the Benelux power tools market has been segmented into industrial power tools and household power tools. In terms of value, the industrial power tools segment has been projected to expand at a CAGR of 4.4% over the forecast period to account for 57.9% value share by 2026 end.

By mode of operation, the market has been segmented into electric power tools, pneumatic power tools and other power tools (including IC engine, steam driven and natural power source driven power tools). The electric power tools segment is expected to create significant growth opportunity over the forecast period.

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Key Players:

Robert Bosch GmbH, Atlas Copco AB, and Makita Corporation are the key global players in the Benelux power tools market. The key strategy of these players is enhancing product portfolio by manufacturing convenient, high-performance and advanced technology equipment. Metabowerke GmbH, FERM B.V., and Einhell Germany AG are prominent local players in the Benelux power tools market. Strong distribution networks and low cost are the go-to strategies of these players to compete with global players operating in Benelux power tools market.

Key Segments Covered in Adoption of Benelux Power Tools Market Analysis

By Mode of Operation:

• Electric
• Pneumatic
• Others

By End Use:

• Industrial
• Household

By Country:

• Belgium
• Netherlands
• Luxembourg

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Micronized salt market size was estimated at USD 2,671.4 Mn in 2022 and expected to reach USD 3,804.8 Mn in 2032, at a CAGR 3.6%.

Micronized salt’s growing appeal in the processed food industry is due to its consistency and purity. Micronized salt, regarded as an ideal taste enhancer, enhances the shelf life of vegetables and meat in addition to processed foods. The widespread usage of micronized salt in end-use applications such milk and dairy products, bakery and confectionery products, and drinks is likely to propel the worldwide micronized salt market to stable growth.

In a new publication, Future Market Insights (FMI) projects that in terms of value, the global micronized salt market revenue will expand at a CAGR of 3.6% during the forecast period. In terms of revenue, the global micronized salt market accounted for US$ 2,319.0 Mn in 2022 and is anticipated to increase to reach US$ 3,305.8 Mn by 2032. A detailed competition assessment and revenue forecasts for a period of 10 years from 2022 to 2032 are elaborated with respect to each segment and sub-segment of the global micronized salt market.

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The micronized salt market is segmented based on grade and application. By grade, the micronized salt market is segmented into purity 98% – 99.5% and purity above 99.5%. Among both of these segments, purity above 99.5% is expected to dominate in the global micronized salt market both in terms of value and volume during the forecast period. By application, the micronized salt market is segmented into bakery & confectionery products, meat, poultry & seafood, milk & dairy products, beverages, canned/preserved fruits & vegetables, prepared meals and others. Among all these segments, bakery & confectionery products is expected to account for the largest value share followed by the meat, poultry & seafood segment by 2028 end.

Key Segments Covered

By Grade:

• Purity 98% – 99.5%
• Purity Above 99.5%

By Application:

• Bakery & Confectionery Products
• Meat, Poultry & Sea Foods
• Milk & Dairy Products
• Beverages
• Canned/Preserved Fruits & Vegetables
• Prepared Meals
• Other Applications

However, the advent of salt substitutes, high costs of micronized salt, and abundance of alternatives such as high purity solar salt are posing challenges to the growth of the global micronized salt market.

Detailed profiles of some of the companies operating in the micronized salt market are included in the scope of the micronized salt market report to evaluate their long-term and short-term strategies, key offerings and recent developments in the micronized salt market.

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Micronized salt manufacturers include:

• K+S Aktiengesellschaft
• Ciech S.A.
• Tata Chemicals Ltd.
• AkzoNobel N.V.
• INEOS Group Limited, Dominion Salt Limited
• ACI Limited
• WA Salt Group
• Cerebos Ltd, Infosa
• Nirma Limited
• Zoutman NV
• BGR International Ltd.
• China Salt Jintan Co. Ltd.

Key Questions Answered by the Report

What is the size of the micronized salt market?

The micronized salt market is expected to hit a US$ 3.3 billion value by 2032. The growth rate for the micronized salt market is estimated at 3.6% CAGR between 2022 and 2032.

Which are the largest markets for micronized salt?

North America and Western Europe remain the dominant markets for micronized salts. Expansion of food and beverage processing activities in these regions are major influencers.

Which are the top companies in micronized salt market?

Suedwestdeutsche Salzwerke AG, K+S Aktiengesellschaft, Australian Saltworks, Ciech S.A., China Salt Jintan Co., Ltd., and Tata Chemicals Ltd. are among the leading market players in the global micronized salts market.

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What are the uses of micronized salt?

Micronized salts are primarily used as a preservative and flavouring agent in the food and beverage industry, for longer shelf life, supported by high consistency and purity.

In which grades are micronized salt available?

Manufacturers produce micronized salts in two forms – 98 to 99.5% purity and above 99.5% purity. The demand and production of above 99.5% purity micronized salts is greater, aided by applications in processed food and beverage formulations.

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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Newly released data from Licorice Root Market Analysis shows that global demand for licorice extracts year-on-year (YoY) growth of 4.7% in 2022 to USD 848.9 Mn and is estimated to be USD 1,418.4 Mn in 2032 witnessing a prominent CAGR of 5.3%.

Licorice root extract is an essential flavouring ingredient. It is now utilised as a flavour enhancer in the food business and as a de-bittering compound in the cigarette industry to mask the off-note flavor of stevia, that has been a popular component in the marketplace till now. In the tobacco and food sectors, stevia has long been a popular sweetener.

Licorice usage has increased in recent years in the pharmaceutical companies, as it is an important component of Traditional medicinal. The marketplace for Chinese herbal remedies is fast expanding in Europe and the United States as individuals convert to organic therapies, which include more than 75% licorice roots. The consumption for licorice in the medical business is mostly driven by the increasing demand for Chinese remedies.

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Licorice root extracts are often used to cure lung issues, respiration and skin disorders, hepatitis B and C, bleeding ulcer, cirrhosis of the liver, and mouth ulcers, among other ailments. Additionally, during the projection period 2022–2032, the growing usage of licorice roots for strengthening immunity is expected to provide considerable demand possibilities throughout the world.

Glycyrrhizin, a compound found in licorice root extract, has anti-inflammatory and antibacterial properties. Eczema and pimples are two skin conditions that it can help with. Due to its high concentration of strong antioxidants, it possesses skin brightening and anti-aging benefits.

Trials have revealed that licorice root extract can help fight viruses that invade the body. Its antibacterial properties assist in the battle against Staphylococcus bacteria, which causes skin infections.

Because of the growing demand for licorice and the scarcity of availability, there is a lot of space for new licorice manufacturers in proven importing nations like Europe. France, Germany, the America, China, as well as the Netherlands are the leading consumers of Licorice Root. Licorice extracts are becoming more popular as a result of their various health benefits. Regulatory constraints at all levels of the sector continue to be a major issue, despite the fact that the worldwide market for licorice root is rather easy to reach.

Key Takeaways from Market Study

• The licorice root market is expected to expand at CAGRs of 11.6% and 4.8% in Europe and the Middle East & Africa, respectively, through 2032.
• The European licorice root market currently holds 28.3% of the total market share.
• Licorice Root extracts are selling well in worldwide marketplaces, because to rising consumer demand for good nutritional foods.
• Increased sales of licorice compounds are being driven by a growth in the number of health-conscious buyers in the country, as well as a growing desire for fresh foods, especially among country’s millennial generation.
• The breakout of coronavirus impacted the distribution network for licorice root, resulting in a trade slump. Regulatory constraints at all stages of the sector remain a major issue.

“Licorice root producers might generate revenue if they targeted the tobacco industries. The cigarette business might potentially be a viable model for licorice root, thanks to increased desire for alternate flavoring agent throughout the world.” says a Future Market Insights analyst.

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Competitive Landscape

Licorice root producers are devoting their efforts on design and technology in aims to enhance the quality of respective products.

• Honeywell sold M & F Worldwide entire outstanding shares of Novar USA Inc. for USD 800 Mn cash consideration, subject to a post-closing cash flow adjustment. As a result of which Novar’s successor, Clarke American, was formed through a merger.
• Clarke American increased its direct marketing skills to incorporate customised direct marketing initiatives after acquiring Alcott Routon. The direct marketing initiatives of Alcott Routon are focused on advanced data mining and predictive models that discover elevated direct marketing possibilities.

Segments Covered in Licorice Root Market Analysis

By Product Form:

• Roots
• Extracts
  • Blocks
  • Powder
  • Paste
  • Others

By End-Use:

• Food & Beverage Industry
• Tobacco Industry
• Pharmaceutical Industry
• Cosmetic Industry
• Dietary Supplements

By Region:

• North America
• Latin America
• Europe
• Asia Pacific Excluding Japan (APEJ)
• Japan
• Middle East & Africa (MEA)

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.

Contact Us:
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers,
Dubai
​United Arab Emirates
For Sales Queries: sales@futuremarketinsights.com
Browse All Report: https://www.futuremarketinsights.com/reports
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