Market Research Blog – Page 9050 – New Product Development

Immersion Cooling Market is Set to Witness an Uptick Size USD 2,547.9 Million to 2032 | Says FMI Analyst

The global immersion cooling market is expected to reach US$ 357.3 Mn in 2022, growing at a CAGR of 21.7% from 2022 to 2032, according to Future Market Insights analysis. The market for immersion cooling is seeing increased demand due to the usage of technologies like cryptocurrency mining, artificial intelligence, and high-performance computing, as well as shifting government policies around carbon emissions.

For a variety of pieces of equipment, cooling fluids are employed as heat transfer fluids. Due to their higher resistance to electrical breakdown and improved high heat transfer efficiency, energy- and cost-efficient dielectric fluids are highly chosen in immersion cooling.

A significant rise in data mining has been observed all over the globe, which is owing to growth in the commodities trade, cryptocurrency mining, and extensive data processing at servers. Servers with high power densities and extensive data processing has been expected to bolster demand for immersion cooling during the assessment period.

Due to the rising demand for 5G connections, cloud gaming, the Internet of things (IoT), and technological breakthroughs, information and communications technology (ICT) infrastructure is rapidly growing throughout the world which is increasing energy consumption in data centers. The heat produced by data centers may be removed more effectively with immersion cooling.

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Hyperscale data centers allow digital platforms to store and move data efficiently. During the forecast period, demand for immersion cooling will increase due to the fact that hyperscale facilities are more suited than existing data centers to handle massive computational workloads and high volume traffic.

Key Takeaways of Immersion Cooling Market Study

Over the course of the forecast period, the value of the single phase immersion cooling is projected to increase at a value CAGR of 2% to reach around US$ 1,336.5 Mn by 2032
In terms of application, edge computing is anticipated to account for more than 9% of the global market.
In the global market, synthetic fluids type of cooling fluids are projected to grow at a value CAGR of 9%.
The Europe market is projected to expand at 22.4%, making it a prominent market, as a result of government regulations in the automotive industry.

“Rising data collection and processing due to demand for digital services, technological advancements, and increased disposable income is increasing power consumption at several data centers and IT Infrastructures. The market for immersion cooling is supported by rising energy demands from IT infrastructures, and changing governmental regulations. Manufacturers are striving to develop cooling solutions which satisfy both end user and environmental standards by introducing biodegradable cooling fluids with high dielectric properties. Key players are focusing on several collaborations and expansion plans to penetrate into the markets” says Future Market insights analyst

Competitive Landscape

The top manufacturers dominate the immersion cooling market globally, which is moderately consolidated. Market players are attempting to increase their market share by developing cooling fluids with optimal heat transfer efficiency and high dielectric properties to meet end-user requirements and regulatory standards.

Key players of immersion cooling also adhere to governmental regulations and introduction of new products and significant expenditures on R&D. The DOW Chemical Company, 3M, FUCHS Lubricants Co., Solvay S.A., and Shell are a few of the market’s key participants.

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More Insights into the Immersion Cooling Market Report

In its latest report, Future Market Insights offers an unbiased analysis of the global immersion cooling market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022-to 2032. To understand the global market potential, growth, and scope, the market is segmented based on type, cooling fluids, application, and region.

Key Segments Covered in Immersion Cooling Industry Analysis

Immersion Cooling Market by Type:

Single Phase Immersion Cooling
Two-Phase Immersion Cooling

Immersion Cooling Market by Cooling Fluid:

Mineral Oil
Synthetic
Fluorocarbon-Based
Others

Immersion Cooling Market by Application:

High-performance Computing
Artificial Intelligence
Edge Computing
Cryptocurrency Mining
Others

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About FMI – Chemicals and Materials

The Chemicals and Materials division of FMI offers a distinct and pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and nanotechnology in particular, with special emphasis on ‘green alternatives, recycling and renewable technology developments, supply-demand-trade assessment. Our research studies serve as referencing market guidelines for chemical manufacturers, research institutions, channel partners, and government bodies for developing – ‘The Way Forward’.

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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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Immunohistochemistry Market is Reaching US$ 4.59 Billion at a Gracious Rate of 8.4% by the year 2032

The immunohistochemistry market size is expected to be worth US$ 2.05 billion in 2022 and US$ 4.59 billion by 2032, with a quick CAGR of 8.4% between 2022 and 2032. Adoption of immunohistochemistry is anticipated to increase as a result of the rise in healthcare spending and the spike in interest in living a higher quality life.

The immunohistochemistry market outlook is anticipated to expand due to the increase in chronic diseases. As value-based healthcare solutions are becoming more popular, it is anticipated that the demand for immunohistochemistry is likely to increase rapidly.

The immunohistochemistry market share is expected to increase due to an increase in patients with cancer, infectious diseases, and cardiovascular disorders, all of which use immunohistochemistry for diagnosis.

The alarming rate at which infectious diseases are spreading presents a challenge for medical professionals in developing drugs for such unidentified diseases. The rise in demand for immunohistochemistry for such diseases is expected to drive immunohistochemistry market growth.

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According to the International Diabetes Federation, 463 million people aged 20 to 79 worldwide have diabetes as of 2019, with that figure expected to rise to nearly 700 million by 2045. Increased R&D in immunohistochemistry-based techniques is expected to drive immunohistochemistry market growth in the coming years.

Additionally, the adoption of immunohistochemistry is estimated to grow over the course of the projected period due to an increase in the incidence and prevalence of chronic diseases like cancer, where proteins are expected to play a significant role. Short-term expansion of the immunohistochemistry industry is expected to be constrained by unfavorable reimbursement regulations.

Key Takeaways from Market Study

Since antibodies play such an important role in disease diagnosis and medication testing, the antibodies segment dominated the immunochemistry market in 2021, accounting for more than 41% of global revenue.
The diagnostics application sector accounted for approximately 70% of revenue in 2021, and it is expected that this segment is projected to lead during the forecast period.
In 2021, hospitals and diagnostic laboratories generated more than 71% of total revenue, dominating the immunochemistry market.
North America is likely to dominate the immunochemistry market in 2021, accounting for more than 39% of global sales.
Asia Pacific is expected to have the fastest CAGR during the forecast period. This is largely due to global players increased geographic presence in Asian markets.

“Increasing automation and machine learning deployment in immunohistochemistry (IHC), as well as the release of technologically enhanced IHC solutions, are expected to significantly drive the immunohistochemistry market share during the forecast period. Due to advancements in IHC methods, the demand for immunohistochemistry in disease diagnosis has increased significantly.”- Future Market Insights Analyst.

Competitive Landscape

Key players in the immunohistochemistry market are developing cutting-edge products that are expected to drive immunohistochemistry market growth.

The introduction of these clinical diagnostic markers could help the immuno-oncology field advance early cancer medication development. The immunohistochemistry market is expected to expand at a faster rate during the forecast period due to R&D advancements.

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The following companies are among the major players in the global immunohistochemistry market:

Thermo Fisher Scientific Inc., F. Hoffmann-La Roche Ltd., Merck KGaA; Danaher Corporation; PerkinElmer, Inc., Bio-Rad Laboratories, Inc., Cell Signaling Technology, Inc., Bio SB; Abcam plc., Agilent Technologies, Inc.

Recent Developments in Immunohistochemistry Market:

Roche’s VENTANA MMR RxDx companion diagnostic test was approved by the FDA in August 2021 for solid tumours that lack the MMR pathway. The test determines who is eligible for JEMPERLI, GSK’s anti-PD1 immunotherapy.
Agilent received a CE-IVD mark in Europe in August 2021 for its PD-L1 IHC 22C3 pharmDx assay for the identification of oesophageal cancer patients for treatment with KEYTRUDA.
Biocare Medical LLC introduced the ONCORE Pro, a fully automated in vitro diagnostic benchtop system for In-situ Hybridization (ISH) and IHC applications, in January 2021.
In January 2021, Abcam and Shuwen Biotech (Shuwen) formed a strategic partnership to develop and market Companion Diagnostics (CDx). According to the agreement, Abcam will provide recombinant rabbit monoclonal antibodies to Shuwen Biotech for additional immunohistochemistry.

Key Segments

By Product:

Antibodies
Equipment
Reagents
Kits

By Application:

Diagnostics
Drug Testing

By End-use:

Hospitals & Diagnostic Laboratories
Research Institutes
Others

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

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

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BBQ Charcoal Market is Set to Reach a Valuation in Excess of USD 4.85 Billion in 2031 | Says FMI Analyst

The global BBQ charcoal market is anticipated to expand at a steady 5.9% CAGR over the forecast period between 2021 and 2031, finds Future Market Insights (FMI) in a recent market analysis. Growing food industry is boosting demand for BBQ charcoal.

The increasing demand from domestic & personal and commercial sectors is expected to remarkably contribute towards the expansion of the BBQ charcoal market. The market is mainly driven by the growing demand for grilled food around the world, especially due to the increasing popularity of grilled food among millennials.

Increased public health awareness also is expected to drive the growth of the market. The demand for charcoal barbeque (BBQ) is increasing because they provide grilled food healthier taste and smoky flavor. They emit more heat and are easier to move.

The growing trend of backyard grilling is anticipated to drive the market growth in the coming years. The rising awareness of healthy lifestyle and changing eating preferences are leading factors increasing the consumption of grilled or baked food. This in turn is driving the demand for charcoals & charcoal grill.

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Popularity of slow-cooked pork shoulder, chicken breast, thighs, and ribs and other non-veg food items as well as grilled vegetable will result in high demand in the market. Driven by this trend, the number of barbeque restaurants is increasing at a rapid rate in emerging economies, such as India and China, where grilled dishes are increasingly popular.

Driven by these factors, the global BBQ charcoal market is expected to reach more than US$ 4.85 Bn by the end of 2031, at a compound annual growth rate of 5.9% during the assessment period. As per FMI, geographically, the market is predicted to be dominated by Europe, which is expected to top US$ 1.7 Bn by 2031.

“Focus on healthy food is steering consumers away from fried meals. Instead they are exhibiting high demand for barbeques food and meal preps, which has helped in the growth of the BBQ charcoal market,” says an FMI analyst.

Key Takeaways:

By product type, demand for lump charcoal is expected to surge at a 6.0 % CAGR over the forecast period.
The charcoal briquettes segment is projected to hold approximately 67.2 % of the total market share in 2021.
Demand for BBQ charcoal in the domestic & personal segment is anticipated to grow at a 6.0 % CAGR through 2031.
Sales of BBQ charcoal in the U.S. are anticipated to increase by 4.8 % year-over-year in 2021.
Poland will emerge as an attractive BBQ charcoal market, with sales growing at a 7.0 % CAGR in 2021.
Demand in China is expected to grow at a CAGR of 5.4% over the forecast period.
Japan and South Korea will collectively account for 36.0 % of the total BBQ charcoal market share in East Asia 2021.

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Competitive Landscape

Key market participants in the global BBQ charcoal market elaborated in the report includes Pol-GartenHolz GmbH, BOOMEX GmbH, Oxford Charcoal company, Dancoal, Direct Charcoal Limited, Bracia Tokarscy, Eco Grilly, GrillBon and others.

Companies operating in the global BBQ charcoal market are focusing on collaborations, mergers, new product development and acquisitions to expand their production facilities and distribution channels.

For instance:

In July 2021, Oxford Charcoal supplied all the charcoal and briquettes to the Shakespeare’s Rose Theatre event at Blenheim Palace Oxfordshire, working alongside Oxford Fine Dining who was on site 10 hours a day cooking burgers and sausages on their two large BBQs.

BBQ Charcoal Market by Category

By Product Type:

Lump Charcoal
Charcoal Briquettes

By Sales Channel Type:

Offline
Online

By End-Use:

Domestic & Personal
Commercial

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More Insights into the BBQ charcoal Market Report

In its latest report, FMI offers an unbiased analysis of the global BBQ charcoal market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031.

In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of product type (lump charcoal, charcoal briquettes), sales channel (offline & online) and end-use (domestic & personal and commercial) across six regions (North America, Latin America, Europe, Europe, East Asia , South Asia Pacific and Middle East & Africa).

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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 favour 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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Carboxy Therapy Market is Anticipated to Touch a Value of nearly US$ 308.37 Million in the year 2032

The global carboxy therapy market is projected to have a high paced CAGR of 12.4% during the forecast period. The current valuation of the carboxy therapy market is US$ 95.81 Mn in 2022. The value of the carboxy therapy market is anticipated to reach a high of US$ 308.37 Mn by the year 2032.

The key aspect pushing the adoption of carboxy therapy is the growing desire amongst consumers to opt for minimally invasive or plastic surgeries. Waste reduction in healthcare delivery is recognized by the World Health Organization (WHO) as a vital component of improving healthcare systems.

Moreover, technological advancements have resulted in the creation of surgical procedures that reduce waste and produce better results with fewer resources. Minimally invasive surgeries (MIS) and non-invasive treatments are two techniques that result in less waste and lower medical costs.

Furthermore, these methods assure less absence at work, which has a net beneficial influence on an economy’s production. The demand for carboxy therapy is expected to surge since minimally invasive procedures provide quicker healing, less scarring, less stress, and more patient satisfaction.

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The modern concept of natural and harmonious rejuvenation is based on a comprehensive, three-dimensional, multi-layered approach that incorporates a variety of active ingredients and techniques in procedures such as skin relaxation, surface renewal, and skin tightening, depending on the needs of the individual patient.

Because the look of the skin is seen as an important aspect in wellbeing and health, the number of cosmetic operations performed globally is rapidly growing. This is expected to expand the global carboxy therapy market size. Treatments and solutions in the worldwide carboxy treatment market are in high demand due to the fact that they have no long-term negative effects.

These therapy techniques are popular because they take very little time (15 to 30 minutes for each session) and require no down time, allowing patients to continue their daily lives without having to take any further precautions or care. This is also a boon to the burgeoning worldwide carboxytherapy business. These factors are estimated to surge the growth of the carboxy therapy market share.

Varied Uses of Carboxy Therapy in Different Industries Are Propelling the Market

Medical practitioners are using carboxy therapy procedures to treat a variety of illnesses that arise as a result of poor blood circulation, such as erectile dysfunction, Raynaud’s syndrome, alopecia, and acute arthritis.

Carboxy therapy equipment are often utilized in beauty salons for cosmetic objectives such as cellulite reduction and skin smoothing. These devices are used in beauty clinics to give cosmetic treatments such as dermal fillers or anti-aging injections that need a targeted administration of CO2 gas in certain regions.

Because these gadgets may be readily combined with other items supplied by beauty facilities, they have grown in popularity over time. All these factors are anticipated to surge service and product demand, and boost the global carboxy therapy market growth.

However, strict regulatory restrictions and safety issues related to carboxy therapy are expected to impede worldwide market growth throughout the projected period. Furthermore, the exorbitant cost of advanced carboxy therapy treatments and inadequate healthcare infrastructure in emerging countries may stifle the market expansion.

Key Takeaways:

During the forecast period, North America is expected to account for the largest share of the global carboxy treatment market. The region’s market is expected to rise due to an increase in consumer demand for anti-aging therapies, as well as an increase in population living standards and income.
The Asia Pacific carboxy therapy market is predicted to develop rapidly, particularly in China, South Korea, and India, during the projected period. This is owing to anti-aging remedies, devices, and goods becoming more popular in regional nations as the geriatric population grows, increase in the number of cosmetic surgeries, and the growing popularity of anti-aging treatments, devices, and products.
Owing to convenience and high demand for the device for pain relief and medical aesthetics, the “tabletop” type held the greatest revenue in 2022, accounting for more than 12.6% of total revenue, and surges the adoption of carboxy therapy.
Increasing demand for non-invasive or minimally invasive procedures such as laser resurfacing, cosmetic injectables, and other services and growing consumer interest in improving skin texture and tone, makes the “aesthetic medicine” application type accounting for more than 12.9% in 2022, and the most preferred medicine type.

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Competitive Landscape:

Owing to the existence of both international and local players, the global carboxy treatment market is fragmented. A vast number of manufacturers have a significant market share in their respective regions. Organic developments, such as product releases and approvals, are often highly adopted by key companies. For instance, in 2020, DermaCare Institute offered enticing loyalty programs to their revered customers, to avail invasive dermatological treatments. These factors are estimated to expand the global carboxy therapy market size.

The following companies are key leaders in the global market for carboxy therapy:

DTA Medical
Fosun Pharmaceutical Co., Ltd.
Merz Pharma GmbH & Co. KGaA
Cosmo Pro Ltd.
Allergan plc
Carbossiterapia Italiana
Beijing Jontelaser Technologies Co. Ltd.
Kastner-Praxisbedarf
Mezopharma
MBE Medical Division
Nick Fanavaran Plasma Company
Alvi Prague
JONTE

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Key Segments Profiled in the Carboxy Therapy Market Survey

By Type:

Tabletop
Portable
Others

By Application:

Aesthetic Medicine
Dermatology
Gynaecology
Angiology
Orthopedics
Rheumatology
Sports Medicines
Others

By End User:

Hospitals
Aesthetic Clinics
Beauty Centers

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Industrial Noise Control Market 2022 Expectations & Growth Trends Highlighted Until 2028

Over 152 million units of industrial noise control systems were sold in 2018, totalling a market value worth US$ 4.8 billion. A new study by Future Market Insights (FMI) finds that industrial noise control market is expected to grow at 3.7% y-o-y in 2019. Key factors influencing the growth of industrial noise control market include,

Growing awareness of harmful levels of industrial noise
Increasing emphasis on the protection of workers and employees from noise pollution
Stringent environment regulation related to industrial noise control
Incorporation of integrated noise control technologies in advanced industrial machinery

The industrial noise control industry is witnessing a shift toward biodegradable materials over traditional materials. Manufacturers are incorporating green and sustainable materials in design and development of industrial noise control units to align with the ongoing sustainability trend.

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Polymer & Composites Remain Preferred Materials, Accounted for Over 4 in 10 Sales in 2018

The FMI study finds that polymer and composites are highly preferred materials for the manufacturing of industrial noise control units. Over 4 in 10 industrial noise control units sold in 2018 were made of polymer & composites.

Polymers and composite materials have higher soundproofing properties as compared to other materials such as glass, metal and fabric. In addition, new developments in composite materials provide biodegradability and recyclability, leading to higher sales.

Vibration Isolation Units Highly Sought-After

The FMI study finds that over 8 in 10 industrial noise control units sold in 2018 were equipped with vibration isolation unit. As vibrations can significantly impact the overall productivity and durability of a range of industrial machines, industrial noise control with vibration isolation units are highly sought after.

FMI thoroughly analyzed demand trends of different vibration isolation units such as isolation/machinery pads, isolation mounts, equipment bases and spring isolators. Among these, sales of isolation mounts were higher in 2018 and the demand trend will continue in the future as manufacturers consistently introduce advanced and more efficient vibration isolation mounts.

The industrial noise control market is also studied for flexible and rigid industrial noise control instruments by FMI. While both these noise control units significantly address noise pollution issues, FMI study finds that flexible noise control units accounted for the second highest sales in 2018 and demand for rigid noise barriers is expected to grow at 4% in 2019.

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Industrial Noise Control Utilization in Internal Application Prominent, Accounted for 7 in 10 Sales in 2018

The FMI study estimates that demand for industrial noise control units for internal noise control application remained higher as compared to the application in external noise control. 7 in 10 industrial noise control units sold in 2018 were for internal application and the demand will continue to grow in the future.

Elevated sound levels at workplaces and other commercial or residential places can cause negative human health conditions such as hearing impairment, annoyance, sleep disturbance, hypertension and in some cases ischemic heart disease. Dissemination of knowledge regarding these harmful effects is contributing to increasing sales of industrial noise control units in the internal noise control application.

Growing awareness of environmental noise as a potential health concern, industrial measures are taken to address the impact of external noise sources. FMI shows that adoption of industrial noise control for external noise control application will grow at 3.9% y-o-y in 2019.

Demand for Industrial Noise Control Units Consolidates in Manufacturing Sector

According to the FMI study, the manufacturing sector remains a prominent end user of industrial noise control units. Different manufacturing industry verticals such as electrical & electronics, industrial machinery, automotive, metal and others significantly integrate industrial noise control measures.

Over 7 in 10 industrial noise control units were sold in the manufacturing sector in 2018, wherein industrial machinery vertical account for the highest sales. As keeping the noise within the OSHA levels in the different manufacturing sector is pivotal in ensuring health and wellness of employees.

Demand in East Asia Continues to Surge, Europe Represents Second Largest Market

As per FMI valuation, countries in East Asia including China, Japan and South Korea registered significant demand for industrial noise control units in 2018. In terms of sales volume, Europe followed East Asia and collectively, these regions accounted for over 6 in 10 unit sales.

China in East Asia remains leading consumer of industrial noise control. A prominent manufacturing sector in the country contributes to the significant demand for industrial noise control. In Europe, Germany followed by France and the UK accounted for considerable bulk of regional demand in 2018.

While the growth prospects seem steady for the industrial noise control market, development of advanced industrial machineries integrated with noise cancelling technologies and sound or vibration absorbers can impede the market growth in the future.

Preview Analysis of Industrial Noise Control Market Segmented by (Product type – Flexible, Rigid & Vibration Isolation; Application – Internal Noise Control & External Noise Control; Material Type – Polymer & Composites, Glass, Metal & Fabr; End Use – Manufacturing, Construction and Mining & Healthcare)- Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018-2028: https://www.futuremarketinsights.com/reports/industrial-noise-control-market

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Above the Waist PPE Market to Receive Overwhelming Hike USD 50 Billion in Revenues by 2032

A recently published study by FMI expects the global above the waist PPE market to augment at a 5.9% CAGR from 2022 to 2032. By the end of the said assessment period, a valuation of US$ 50 Billion is expected for the market. Increasing worker safety awareness on the workshop floor is predicted to drive up demand for above the waist PPE throughout the forecast period.

Various industries in Asia Pacific nations, including construction, food manufacturing, chemicals, and pharmaceuticals, have seen substantial development as a result of increased investment from both public and private companies. The developing industrial sector and increased awareness about personal protective equipment are likely to drive above the waist PPE market expansion over the forecast period.

Continuous innovation, such as the development of lighter and more comfortable industrial protective equipment manufactured of high-quality fabric, is likely to drive market growth. Demand for protective equipment that combines safety with improved aesthetics and technological innovation is projected to drive market growth.

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Because of stringent laws and high costs connected with workplace dangers, industry players are becoming more conscious of the need of worker safety and security at work, which is expected to fuel market expansion. Companies have prioritised worker safety and implemented safety norms to decrease workplace dangers, resulting in increased market growth.

Key Takeaways from the Market Study

FMI projects the global Above the Waist PPE market to expand at a 5.9% value CAGR by 2032
The global Above the Waist PPE market is estimated at a market value of US$ 28 Billion
The global Above the Waist PPE market is expected to garner a market value of US$ 50 Billion
Asia Pacific is expected to be the most lucrative for Above the Waist PPE market growth.
North America is expected to grow significantly during the forecast period.
The construction sector is expected to lead the market for Above the Waist PPE in the forecast period 2022-2032.

“The hearing protection product category is expected to increase considerably throughout the study period. The constant use of heavy machinery and the noise it generates might cause hearing difficulties in workers. This has increased the need for earplugs and earmuffs in the construction and mining sectors to prevent workers from hearing loss, which is expected to drive segmental adoption,” says an analyst at FMI

Market Competition

Key players in the Above the waist PPE market are Safety Products, Inc., 3M, Drager, Radians, SureWerx USA, Inc, Honeywell International, Inc., Hellberg Safety, Kimberly-Clark Corporation, MSA Company, and Protective Industrial Products, ERB Industries, Inc

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Recent Development

In January 2022, Kimberly-Clark introduced new nitrile gloves for research and production facilities, life sciences, and non-sterile drug manufacturing applications. The company’s product offerings were to be improved as part of the strategic plan.

Key Segments Profiled in the Above the Waist PPE Market Industry Survey

Above The Waist PPE Market by Product:

Head Protection
Eye & Face Protection
Hearing Protection
Respiratory Protection
Hand Protection

Above The Waist PPE Market by End-Use:

Construction
Manufacturing
Oil & Gas
Chemical
Food
Pharmaceuticals
Transportation
Mining
Others

Above The Waist PPE Market by Distribution Channel:

Retail
Industrial MRO

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More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the global automotive axle market, presenting historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of product (head protection, eye & face protection, hearing protection, respiratory protection and hand protection), end-use (construction, manufacturing, oil & gas, chemical, food, pharmaceuticals, transportation, mining) and distribution channel (retail and industrial MRO), across seven major regions (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa).

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India Retail Mineral Turpentine Oil Market Size To Reach USD 113.2 Million By 2032 | Says FMI Analyst

The India retail mineral turpentine oil (MTO) market is projected to reach a valuation of US$ 45.8 Mn by the end of 2022. Sales of retail mineral turpentine oil in the country are expected to witness a steady growth rate at a CAGR of 9.5% during the evaluation period from 2022 to 2032. It is expected to top a valuation of US$ 113.2 Mn by 2032.

Future Market Insights in its latest market study reveals that the India mineral turpentine oil market is highly consolidated where the majority of shares are held by few domestic leading players. Key players operating in the market majorly deal in bulk quantities of MTO.

Retail packaging sizes of MTO are generally repacked by distributors or retailers. Hence, the India retail mineral turpentine oil market is fragmented and is expected to hold immense potential for key players operating in the market.

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The retail packaging of MTO has witnessed high growth rates over the past few years. Key players can gain substantial momentum and capture the majority of market shares by launching MTO in retail sizes. They are striving to introduce their in-house products with innovative brand names and high quality in the market to expand their client base.

Mineral turpentine oil is expected to find its majority of applications in paints and coatings for the manufacturing of products such as thinners and wood primers. Paint manufacturers are primarily active in retail sales of MTO through their authorized outlets. Paint manufacturers are also focusing on creating robust sales networks with the presence of various authorized dealers and customer loyalty programs.

Key Takeaways: India Mineral Turpentine Oil Market

From 2017 to 2021, the market for retail mineral turpentine oil in India expanded at a compound annual growth rate (CAGR) of 1%.
North India is expected to account for 7% of the overall India retail mineral turpentine oil market share in the evaluation period.
The West India retail mineral turpentine oil market currently holds around 8% of the value share in the India market.
Based on application, the wood primers segment is estimated to account for around 7% of the retail mineral turpentine oil produced in India.
The 10.1 L – 20 L packaging size segment is expected to account for the majority of share in the India retail mineral turpentine oil market in the next ten years.

Competitive Landscape: India Retail Mineral Turpentine Oil Market

According to FMI analysis, Bharat Petroleum Corporation Limited, Hindustan Petroleum Corporation Limited, Indian Oil Corporation Limited, Nayara Energy Ltd., Mehta Petro-refineries Ltd., Jay Chemicals, Shambhoo Petrochem (p) Ltd., Paragon Chemicals, TotalEnergies S.E., Idemistsu Kosan Co. Ltd., Shell Plc., Exxonmobil Corporation Ltd., Witmans Industries Pvt. Ltd., and Labdhi Petrochem among others are identified as key manufacturers in the India retail mineral turpentine oil market.

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India Retail Mineral Turpentine Oil Market Outlook by Category

By Packaging Size:

100 mL – 499 mL
500 mL -1 L
1.1 L – 5L
5.1 L – 10 L
10.1 L – 20 L

By Application:

Paint Thinner
Wood Primers
Dry Cleaning
Brush Cleaning
Art Works
Others

By Region:

North India
South India
East India
West India

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Get More Insights into the India Retail Mineral Turpentine Oil Market Report

In its latest report, Future Market Insights offers an unbiased analysis of the India retail mineral turpentine oil market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022-to 2032. To understand the Indian market potential, growth, and scope, the market is segmented based on packaging size, application, and region.

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Heterocyclic and Fluoro Organic Compounds Market is Projected to Surpass US$ 957.2 Million by 2032

The global heterocyclic and fluoro organic compounds market is anticipated to reach a valuation of US$ 957.2 Mn by the end of 2032. There is a significant rise in terms of demand for heterocyclic and fluoro organic compounds from the agrochemical sector for the development of green pesticides.

The market for heterocyclic and fluoro organic compounds has been significantly influenced by certain demographic, macro-economic, and innovation, including the flourishing pharmaceutical industry, increased research & development in the biotechnology sector, growing demand for organic products, rising need for environmentally friendly agrochemicals, and development of novel compounds for pharmaceutical industries.

The growing biological and medicinal significance of heterocyclic and fluoro organic compounds has significantly boosted growth in the global heterocyclic and fluoro organic compounds market during the forecast period.

For instance, numerous pharmacologically active heterocyclic substances are employed in a wide variety of common illnesses as antimicrobials, herbicides, urinary antiseptics, and anti-inflammatory medications. Some of the heterocycles also have antitumor, anti-HIV, antibiotic, anti-inflammatory, antimalarial, antimicrobial, antibacterial, antifungal, antiviral, antidepressant, and anti-diabetic properties.

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Numerous n-heterocyclic compounds found in nature have pharmacological & physiological properties and are constituents of various biologically important molecules, including many pharmaceuticals, antibiotics, vitamins, nucleic acids, and agrochemicals, dyes among others.

The pharmaceutical sector is also expected to hold a major share in the global heterocyclic and fluoro organic compound market owing to rising production of medicines. Due to the increasing number of novel n-heterocyclic moieties with significant physiological and promising applications, nitrogen-based pharmaceuticals will see more upraise in terms of shares during the forecast period.

Key Takeaways:

By product type, the ethyl-3-(3-dimethylaminopropyl) carbodiimide segment is accounted for about 7% of the global heterocyclic and fluoro organic compounds market share in 2021.
By application, the pharmaceutical and agrochemical segments, together, generated a heterocyclic and fluoro organic compounds market share of more than 78% in 2021.
The India heterocyclic and fluoro organic compounds market is expected to account for nearly 15% of share in the next ten years.
The East Asia heterocyclic and fluoro organic compounds market is expected to create an absolute dollar opportunity of US$ 149.7 Mn during the forecast period.
The global heterocyclic and fluoro organic compounds market witnessed a CAGR of 6% during the historical period of 2017 and 2021.

“Significant expansion of various end-use industries such as pharmaceuticals, agrochemicals, and chemicals, as well as rising medicinal and biological significance of these compounds is set to lead to an increased demand for heterocyclic and fluoro organic compounds over the forecast period,” says a lead analyst at Future Market Insights.

Competitive Landscape

The global heterocyclic and fluoro organic compounds market is estimated to be consolidated in nature. Key players are focusing on expanding their production capacity to increase their market presence all over the globe, as well as to gain maximum share worldwide. In order to generate high demand, top players are also entering into long-term supply agreements with key end-use industries.

Tokyo Chemical Industry Co. Ltd., Biosynth Carbosynth, Central Glass Co., Ltd., Toronto Research Chemicals Inc., Glentham Life Sciences Limited, SynQuest Laboratories, Inc., SAGAR Life Sciences Private Limited, Manus Aktteva Biopharma LLP, SimSon Pharma Limited, Life Chem Pharma Pvt. Ltd., Sonal Plasrub Industries Pvt. Ltd, and Survival Technologies Ltd. among others are some of the leading manufacturers of heterocyclic and fluoro organic compounds.

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For instance,

In June 2022, Biosynth Carbosynth acquired Pepscan, a provider of peptide-based products and services. This acquisition is aimed at forming a new peptide division to offer a wide range of products and services to the pharma & biotech, diagnostics and cosmetics industries, and their academic counterparts.

Heterocyclic and Fluoro Organic Compounds Market Outlook by Category

By Product Type:

Ethyl – 3 -(3- Dimethylaminoprophyl) Carbodiimide
2-Pyridyl Tribromomethyl Sulfone (Bsp)
5-Bromo-2,4-Dichloro Pyrimidine
Cyclam (1,4,8,11 Tetraazacyclotetradecane)
2,2,6,6-Tetramethylpiperidine N-Oxyl (Or Known As Tempo)
Trimethylsilyl Trifluoromethanesulfonate
Trifluoromethanesulfonicanhydride
Bromoacetonitrile
4-Bromobenzene Sulfonyl Chloride
5-Bromovaleric Acid
Alpha Tetralol

By Application:

Agrochemicals
Pharmaceuticals
Biotech
Paints and Coatings
Polymers
Electronics
X-Ray Films

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More Insights into the Heterocyclic and fluoro organic compounds Market Report

In its latest report, Future Market Insights offers an unbiased analysis of the global heterocyclic and fluoro organic compounds market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022-to 2032. To understand the global market potential, growth, and scope, the market is segmented based on product type, application, and region.

About Future Market Insights (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 favour 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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Tool Holders Market 2022 | Current and Future Demand, Analysis, Growth and Forecast By 2032

The global tool holders market to grow with a year on year growth of 5.2% in 2022 reaching a value of about US$ 1,173.4 Mn by 2022 end. Tool holders are necessary for connecting high-speed tools such drills, taps, milling cutters to a machine in an efficient and safe manner.

It is very crucial in mechanised procedures that need high degrees of precision. This is due to the fact that they serve as the link between a tool and a machine. Product quality, machine life span and process noise are all affected by the tool holder used in high precision mechanised operations. The global business is anticipated to witness a considerable value CAGR of 5.4% during the period of 2022 and 2028.

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FMI has identified North America to remain key market for tool holders over the forecast period owing to increasing demand from end use applications. The region is estimated to witness a value CAGR 4.3% in the industry of Tool Holders. Global tool holders market is expected to account for about 1.5% of global machine tool market.

Key Market Insights at a Glance:

The demand for tool holders is anticipated to grow at a moderate pace over the forecast period.
Asia Pacific is estimated to hold a prominent share of the global tool holders market.
Initiatives by regional governments are likely to encourage the movement of low-cost manufacturing towards parts of South-East Asia, thereby creating healthy growth prospects create healthy growth opportunities in Asia Pacific region.
China will remain the largest consumer of machine tools, followed by U.S.
The tool holders market is consolidated with Tier-1 players accounting for significant shares.
The top three players of the market are estimated to account for more than a 50% market share.
On the basis of types of tool holder, hydraulic tool holders segment is slated to remain a high value – high growth segment.
In terms of end-use, general machining and fabrication and the automotive industries are likely to push maximum revenue into the tool holders market. The two end-use industries are estimated to collectively account for around 47% value share in the global tool holders market.
BT Flange Taper will remain the most preferred taper type among CNCers, in terms of volume and value, given its high degree of accuracy and precision, in any high-speed machining operations.

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Takeaways from Competitive Landscape Analysis

In a moderately consolidated landscape, tier-1 companies such as Kennametal Inc., Sandvil AB, and BIG DAISHOWA Group among others hold approximately 55-65 percent market share.
Tier-2 companies, on the other hand, hold nearly 35-45 percent market share. Such companies include Guhring, Inc., CERATIZIT GROUP, KYOCERA UNIMERCO A/S, Kemmler Precision Tools GmbH, and Haimer GmbH among others.
Key players are projected to focus on enhancing product quality by implementing new technologies, tough and long-lasting equipment and consumables materials with added features at a competitive price.
Top companies are also looking to target major manufacturing industries such as metal fabrication and automotive by offering high cutting accuracy with increased productivity.

Laser Cutting Technologies Could Restrict Tool Holders Sales

Laser cutting, a streamlined and precision manufacturing process, is likely to pose challenges for tool holders given its ability to not just cut materials but also apply finish to a product. Apart from lower risks of material deformation or warping, since there is no direct contact between the material and the laser cutting device, chances of incorrect markings and contamination further reduces. Although laser cutting could be technically challenging and costly, end-use industries demanding high cutting precision such as automotive, are projected to replace traditional tool cutting equipment. However, high market penetration of relatively low cost tool holders

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Nylon-6 Market is Projected to Accelerate at a CAGR of 5.9% to top US$ 26.04 Billion by 2032

The global nylon-6 market is expected to exhibit a stable CAGR of 5.9% over the projection period from 2022 to 2032. The global market is expected to secure around US$ 26,040.9 Million in 2032 and is likely to hold a valuation of around US$ 14,679 Million in 2022.

The growth in the market is attributed to the surging concern about the environment as well as the demand for nylon-6 in the emerging textile market will make nylon-6 a more attractive product in the market. The inclusion of PA 6 and PA 6, 6 into 3-D printing systems is expected to lead to market growth for nylon-6 in the market. From 2016-2021, the market displayed a growth rate of 5.1%.

The nylon-6 is known to be a polyamide that is semi-crystalline and is commonly known as polyamide -6 (PA6). When polymerization takes place of the caprolactam, it leads to the production of polyamide 6. Attributing to its unique properties, several industries value its strength, durability, and elasticity in the market.

As a result of its high pressure, heat, and corrosion resistance, it is highly regarded in the manufacturing industry. In addition to its phenomenal properties, the nylon-6 polyamide is an engineered thermoplastic that comprises good flow properties, moldability, extrusion capability, chemical resistance, and morphological properties.

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It has diverse applications which involve fused filament fabrication (FFF), and nylon 6 is considered a promising candidate in future markets. Nyon-6 is known for its characterization of physical and chemical properties that make it suitable for a wide range of applications. Approximately 60% of the global production of polyamides is composed of nylon 6.

Around 6.6 million metric tons of nylon-6 were globally produced in 2013. In a huge variety of applications, both nylon 6 and nylon 66 can be used interchangeably depending on the local availability and the applications that require them in a particular environment. It becomes evident that nylon 66 and nylon 6 have different properties for industrial uses.

Key Takeaways

Nylon-6’s versatility and its diverse application in various sectors is the major driving factor within the global market. Nylon-6 is used in various end-use industries such as automotive, packaging, electronics & electrical, wires & cables, textiles, films & coating, and others. As a result, the market is expected to benefit from an increase in demand for applications in the above sectors.
Nylon 6 (PA-6) is anticipated to see a surge in demand attributed to its usage in the healthcare sector and musical instruments. In addition to that, the nylon-6 market growth continues to prosper over the assessment period through increased capital investments, higher productivity, and a growing product portfolio. Even though nylon-6 (PA6) is an ideal material due to its physical and chemical properties, some features may inhibit its use, like its tendency to shrink in molded sections.
The lightweight advantages of nylon 6 result in a significant reduction in fuel emissions along with improved fuel efficiency. Transportation is widely becoming dependent on plastics over recent years. Furthermore, films and coatings are also emerging as a major driver in the food industry where films and coatings are being used to produce flexible packaging with a longer shelf life, such as meat packaging. This sector is dominated by low-cost plastic packaging such as PP, PE, and PVC.
Attributing to its high dielectric resistance, nylon 6 is known to be the most preferred polyamide in applications subjected to thermal and mechanical stress. The potential uses of nylon 6 have increased due to the emergence of polymer technologies.

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Key Companies Profiled:

BASF SE
Honeywell International Inc.
DuPont
Royal DSM N.V.
UBE INDUSTRIES, LTD.
Invista
Gujarat State Fertilizers and Chemicals

Competitive Landscape

Key players in the global nylon-6 market are expected to focus on mergers and acquisitions. The global market is fragmented due to the presence of regional and local players spread across the globe. In order to gain a competitive advantage in the market, prominent market players are inclining towards technological advancements in order to cater to consumer preferences.

Key Segments Profiled in the Global Nylon-6 Market

By Type:

Nylon-6 (PA6) Fiber
Nylon-6 (PA6) Resin

By Application:

Transportation
Electrical and Electronics
Textiles
Industrial Application
Other (include music, healthcare, coating sector)

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More Insights into the Nylon-6 Market
According to the FMI predictions, the global nylon 6 market will continue to dominate the North American region specifically within the transportation sector. According to the forecast, this region is expected to account for 23.8% of the global market share by 2022. Automotive, aerospace and other key manufacturing markets in North America drive the nylon industry.

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