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According to the most recent market research published by Future Market Insights, the global Polytetrahydrofuran (Poly THF) Market is valued at US$ 5,524.8 Mn in 2022, and is expected to grow at a CAGR of 6.1% between 2022 and 2032.

Polytetrahydrofuran (poly THF), also known as poly tetramethylene ether glycol or poly tetramethylene oxide, is produced through catalyzed polymerization of tetrahydrofuran. It is a white solid waxy substance which melts at room temperature and turns into a colorless, clear and viscous liquid.

This compound is insoluble in water. Polytetrahydrofuran is widely used in the manufacturing of polyurethane resins and elastic fibers. Some of the famous brands of Polytetrahydrofuran compounds are Poly THF (BASF SE) and Tetrathane (Invista).

Based on application, the spandex fibers is expected to dominate the global polytetrahydrofuran market. Spandex fibers are mainly used during the manufacturing of apparels including hosiery, bandages, baby diapers, athletic outfits and home furnishings.

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Due to a decline in the prices of raw materials used in the production of polytetrahydrofuran, the price of polytetrahydrofuran is expected to decline during the forecast period. Based on end use, the textile industry segment is expected to dominate the global polytetrahydrofuran market during the forecast period.

However, the paints & coatings segment is projected to show significant growth in near future. Based on the product type, the chemical byproduct segment is expected to be the most promising revenue generating segment. However, synthesis poly THF is projected to witness significant growth by the end of 2025.

Polytetrahydrofuran Market: Dynamics

Development of bio-based spandex is expected to propel the demand for Polytetrahydrofuran market during the forecast period. Petro-based poly THF is widely used in several industries like apparel, leather, medical equipment manufacturing, sports equipment, etc.  However, there are various advantages of bio-based poly THF over petro-based poly THF.

Bio-based poly THF reduces emissions as it is derived from renewable materials. Moreover, various attributes of petro-based poly THF such as resistance to microbes, stability at high temperatures, etc. are expected to upsurge the demand for petro-based poly THF in near future. However, petro-based poly THF is expected to dominate the global poly THF market owing to its low price.

Increasing demand for Polytetrahydrofuran from sportswear and textile industry is also anticipated to drive the growth of Polytetrahydrofuran market in near future. Moreover, various features of poly THF like flexibility at low temperatures, non-allergenic properties, long shelf life and excellent hydrolytic stability is expected to upsurge the demand for poly THF during the forecast period.

Furthermore, growing consumer preference towards the use of inexpensive, durable and elastic materials is also anticipated to drive the growth of the Polytetrahydrofuran market in near future.

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Polytetrahydrofuran Market: Segmentation

The global Polytetrahydrofuran market can be segmented on the basis of product type, application and end use. On the basis of product type, the global Polytetrahydrofuran market can be segmented into chemical byproduct poly THF and synthesis poly THF.

On the basis of applications, the market can be further segmented into thermoplastic polyurethane elastomers, polyurethanes (elastomers), cast elastomers, spandex fibers and co-polyester ether elastomers. On the basis of end use, the global polytetrahydrofuran market can be further segmented into paints & coatings, textiles, adhesives and sealants, industrial applications, artificial leather, leisure & sports and automotive.

Polytetrahydrofuran Market: Key Players

Some of the key players identified in the global polytetrahydrofuran market are mentioned below:

• BASF SE
• INVISTA
• Dairen Chemical Corporation (DCC)
• Mitsubishi Chemicals
• Ashland Inc.
• Korea PT Co., Ltd.
• Shanxi Sanwei Group Co., Ltd.
• Sinopec Yizheng

Given the stringent government regulations in other regions, major players in the global polytetrahydrofuran market like BASF and Dairen Chemical Corporation are expanding their manufacturing base to China.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and Industry.

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Polytetrahydrofuran Market: Regional Outlook

Based on regions, Asia Pacific is anticipated to be the most promising revenue generating market of polytetrahydrofuran and is expected to grow at a significant rate during the forecast period. Due to rise in demand for spandex and increasing capacity expansion, China is expected to be the major emerging country from Asia Pacific region in the polytetrahydrofuran market.

Increasing demand for spandex from China is anticipated to escalate the demand for polytetrahydrofuran in near future. North America and Europe are expected to witness moderate growth during the forecast period.

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According to research conducted by Future Market Insights on the GCC Cement market, demand for cement to reach a valuation of US$ 12,651.2 Mn by the end of the forecast period. Due to population growth, there is a greater need for residential structures. Along with the GCC Countries, this has increased the demand for cement globally.

A market for the consumption of goods has been created by the increasing demand for public infrastructure and non-residential buildings, such as hospitals and healthcare facilities. As a result, the expanding construction industry is driving up demand in the market.

Cement is a widely used construction material, which plays an important role in the industry. The growth of the construction industry is the major factor that may affect the market. As the construction & infrastructural projects increase, the demand for cement increases. Increasing government expenditure on such projects will help the cement market to witness sales boom.

The market for construction materials has grown incrementally steadily over time. This is because several nations currently experience favorable economic conditions. Large public infrastructure projects are predicted to accelerate, opening up opportunities for public-private partnerships in the construction sector.

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Furthermore, the anticipated rise in healthcare spending is likely to spur renovations of healthcare facilities, which is also anticipated to fuel a rise in demand for building materials like cement over the course of the forecast period

“Consistently growing demand from construction industry, particularly commercial & residential segment is driving the demand for cement in GCC Countries.,” said an analyst at FMI.

Key Takeaways from Cement Market Study

• The GCC Cement market is estimated to witness a growth forecast of 7% magnitude on a value basis.
• Saudi Arabia and UAE are expected to collectively hold around 70% of the overall market share.
• The Residential & Commercial Segment is to remain a key end-use segment and the industry is expected to consume cement at a rate of 7% over the forecast period.

Competitive Landscape

GCC Countries Cement Market is somewhat semi fragmented with key players holding significant share in the market along with the presence of several medium & small-scale key players.

Some of the top manufacturers include: LafargeHolcim, Anhui Conch Cement, China National Building Material Co., Ltd, Heidelberg Cement, China Resources Cement, Aditya Birla Group, Saudi Cement. LTD, Southern Province Cement Company, Yanbu Cement Company, Arabia Cement Company, Al-Rashed Cement Company, Yamama Cement, Eastern Province Cement Co., Qatar National Cement Company, Al Khalij Cement Company, Oman Cement Company, Raysut Cement Company, Gulf Cement Company, National Cement Co., Union Cement Company, The Braj Binani Group are some of the manufacturers of Cement profiled in the full version of the report.

Key manufacturers are devoted to gaining significant market share and avoiding various challenges of the market. Key manufacturers are also signing agreements & contracts with end use industries for long-term supply of material & to gain more profit. Moreover, Key manufacturers are engaged in research and development for product development and innovation.

For instance:

• In July 2022, Holcim Ltd. signed an agreement with Ol-Trans, a leader in the Polish ready-mix concrete market, to acquire its five concrete plants. The company says the acquisition will strengthen its local ready-mix concrete network and improve its carbon footprint.
• In June 2022, UltraTech Cement announced an expansion in its overall cement production capacity. For this expansion, the company will invest INR 12,886 crore to expand plant capacity by 22.6 MTPA/yr.

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More Insights into the Cement Market Report

In its latest report, Future Market Insights offers an unbiased analysis of the GCC Cement 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, end-use, and country.

Cement Market Segmentation

By Product Type:

• Ordinary Portland Cement
• Portland Pozzolana Cement (PPC)
• Sulfate Resistant Portland Cement
• Blended Cement
• White Cement
• Portland Slag Cement (PSC)
• Super Grade Cement
• Hydrophobic Portland Cement

By End-Use:

• Residential & Commercial Buildings
  • Drainage System
  • Beams & Pillars
  • Stairs
  • Roofs & Walls
  • Foundations
  • Others
• Civic Infrastructure
  • Dams & Ports
  • Roads
  • Bridges
  • Tunnels
  • Culverts & Sewers
  • Power Plants
• Industrial & Marine Construction

By Country:

• Saudi Arabia
• Oman
• Qatar
• UAE
• Bahrain
• Kuwait

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

Construction Aggregates Market: Construction Aggregates Market valuation will top US$ 664.6 Bn and it is expected to exhibit a healthy 6.8% CAGR between 2021 and 2031.

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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 stainless steel welded pipe market is expected to reach US$ 16.36 Bn in 2021 with a stable long-term projection, according to the latest insights from Future Market Insights, ESOMAR-certified research and consulting firm. The report offers an analysis of 20+ high-growth markets, providing detailed insights on the stainless steel welded pipe market’s growth in the next decade.

Demand for stainless steel welded pipes decelerates as operations across construction, automotive, water supply and distribution, oil and gas, petrochemical and fertilizers, power generation, and other sectors were hampered amid the COVID-19 outbreak. However, considering the possibility of a stimulus for infrastructure projects in many countries, the long-term outlook of the market remains positive.

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Surge in demand for stainless steel welded pipes from applications such as oil and gas will remain a chief growth driver due to the presence of oil rigs all over the globe. For the transportation of the fluid from one place to another, large quantity of pipes are required, which will drive the sales in the market. The same applies with the water supply and distribution segment because the demand is expected to surge amid rising need for uninterrupted water supply.

The replacement of old pipes with new stainless steel welded pipes can also provide a boost in the sales of stainless steel welded pipes. The substantial increase in the demand from the supplier side and from the end-use industries across the globe is propelling the stainless steel welded pipe market growth.

The use of stainless steel welded pipes in construction and automotive and power generation applications will create solid opportunities for growth. According to FMI, the construction sector is expected to account for nearly 29% of sales in the market by 2031. Investment in residential, commercial, and infrastructural construction projects will increase in the future, paving way for the expansion of the market.

Key Takeaways

• Stainless steel welded pipe market is expected to grow at 4.6% CAGR between 2021 and 2031
• Investment in construction projects will remain a chief growth driver in the U.S., enabling it to account for nearly 72% sales in North America
• Focus on improving public infrastructure will drive growth in the U.K. market at 5.5% CAGR between 2021 and 2031
• India is expected to register increasing investment in water supply and distribution to ensure safe drinking water to all citizens and support industrialization. This will create attractive opportunities for stainless steel welded pipe sales
• China will emerge as a highly lucrative market in East Asia, accounting for maximum sales of stainless steel welded pipes

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“As competition continues to grow, companies operating in the market are likely to adopt strategies for strengthening their global footprint. Besides expanding operations across emerging nations, they are likely to focus on launching better quality stainless steel welded pipes to gain competitive edge” says FMI analyst.

Stainless steel welded pipe market is likely to grow at a moderate pace during 2021-2031. However, as it is a matured market, companies are expected to concentrate further on research and development activities to develop more in the field of construction, oil & gas and water supply and distribution, majorly focusing on the outer diameter required for the specific applications. Collaboration with local players and developing new technology in the form of advanced stainless steel welded pipes is a prime strategy expected to increase in popularity in the forecast period.

Competitive Landscape

The market is fragmented, with key players accounting for approximately one fifth of the market share. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares. Some of the key players in the market are Marcegaglia, Sosta GmbH & Co. KG, ArcelorMittal S.A., Nippon Steel, Hyundai Steel Co., Ltd, Sandvik AB, Shanghai Metal Corporation, FROCH ENTERPRISE CO., LTD., F.E.R. Fischer Edelstahlrohre GmbH, YC Inox, JFE Steel Corporation, CSM TUBE spa, Guangzhou Pearl River Petroleum Steel Pipe Co., Ltd., Guangdong Lizz Steel Pipe Co, Ltd., Foshan Zhongde Stainless Steel Co., Ltd. & others.

Get Valuable Insights into Stainless Steel Welded Pipes Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global stainless steel welded pipes market, presenting historical demand data (2016-2031) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the market based on grade (300 series, 400 series, 900 series, and nickel alloy grade), application (construction, automotive, water supply & distribution, oil & gas, petrochemical & fertilizer, and power generation), and outer diameter (4 – 36 mm, 36 – 60 mm,  61 – 150 mm, 151 – 500 mm, and 500 – 1000 mm) across seven major regions.

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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 worldwide demand for hypochlorite bleach market is estimated at US$ 289.4 million estimated in 2022, forecast a CAGR of 5.4% valued at US$ 487.9 million from 2022 to 2032. The growth is attributed to growing demand for paper and board in emerging markets. Between 2016 and 2021, the Hypochlorite Bleach Market recorded a CAGR of 4.6%.

Hypochlorite bleaches are mostly the sodium salt of hypochlorous acid dissolved in water. It is also known as liquid bleach or bleach. Hypochlorite bleaches are used as a bleaching agent and a disinfectant.

The global hypochlorite bleaches market is expected to have substantially high growth rate, attributed to growing healthcare industry across the globe and increasing chances of contamination by pathogens. North America accounts for significantly high revenue share in global hypochlorite bleaches market, attributed to robust marketing and research in the region.

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Global Hypochlorite Bleaches Market Dynamics 

The growth of global hypochlorite bleaches market is driven by growing pharmaceutical and laundry industry. The macroeconomic factor responsible for the growth of global hypochlorite bleaches market is rising disposable income, the rapid rate of urbanization, and changing lifestyle. The key factor restraining the global hypochlorite bleaches market is the corrosive property of hypochlorite bleaches if not handled properly.

The company providing the hypochlorite bleaches have significantly high opportunity in regions such as North America, Europe, and Asia-Pacific, owing to significantly high demand for disinfectant coupled with rising demand for pharmaceuticals in the regions.

The hypochlorite bleaches market also experiencing significant growth in Latin America and the Middle East and Africa region as these are the emerging market, attributed to rising disposable income of consumers in these region.

Global Hypochlorite Bleaches Market Regional Outlook 

Based on the geographies, global hypochlorite bleaches market is fragmented into seven key regions — North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific except Japan, Japan, and the Middle East & Africa.

Among the aforementioned regions, North America accounts for a significant share of global hypochlorite bleaches market, owing to relatively high-value share of the region in the global healthcare market. Western Europe is followed by North America region in global hypochlorite bleaches market.

The Asia-Pacific except Japan region accounts for significantly high volume share in global hypochlorite bleaches market, owing to the substantial growth in the pharmaceutical industry in the region. Eastern Europe and Japan accounts for significant value share in global hypochlorite bleaches market as these region has significant growth in the disinfectant market.

Overall, the outlook for global hypochlorite bleaches market will have a positive growth over the forecast period, owing to the increasing demand for the disinfectant as an anti-counterfeiting measure. The developing economy such as Middle East Africa and Latin America have a moderate opportunity in global hypochlorite bleaches market, owing to the moderate growth rate in the pharmaceutical industry and growing population.

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Global Hypochlorite Bleaches Market Player 

Few players in global hypochlorite bleaches market include Lion Apparel, Inc., Shijiazhuang Xinlongwei Chemical Co., Ltd., Shouguang Tianwei Chemical Co., Ltd., Ecoviz Kft, JSC AVANGARD, SAI CHEM CORPORATION, Tianjin Yufeng Chemical Co.,Ltd., Union Overseas Enterprise Ltd., United Chloro Paraffin Pvt. Ltd., Mabuhay Vinyl Corporation, and P and J Enterprises.

Global Hypochlorite Bleaches Market Segmentation 

Basically, global hypochlorite bleaches market is segmented on the basis of product type, end-use, and region.

Based on product type, the global hypochlorite bleaches market is segmented into:

• Sodium Hypochlorite
• Bleaching
• Surface Purification
• Odor Removal
• Water Disinfection

• Calcium Hypochlorite
• Potassium Hypochlorite
• Lithium Hypochlorite

Based on end-use, the global hypochlorite bleaches market is segmented into:

• Healthcare
• Domestic Uses
• Laundry
• 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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Cleaning In Place Market: The global cleaning in place market size reached a valuation of US$ 7,296 Million in 2022. The expanding usages and wide ranges of applications are projected to be the market’s primary growth drivers.

Bleaching Chemicals Market: Bleaching chemicals are oxidizing agents used for numerous applications such as stain removal, disinfecting textile material and water, deodorizing, effluent control etc.

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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 pyrogenic silica market is anticipated to reach a valuation of US$ 623.3 Mn by 2032, with sales growing at a reasonable CAGR of 5.1% from 2022 to 2032. The target market is likely to reach an estimated US$ 379 Mn in 2022.

The product has garnered usage in various end-use industries. Mass application in the paints and coatings industry the growth of pyrogenic silica over the forecast period. A special type of silica that contains microscopic droplets of amorphous silica is categorized as pyrogenic silica.

The product is gaining large-scale usage in diverse industrial verticals due to its distinctive particle features and large surface area. Pyrogenic silica is finding applications in paints, adhesives, coatings, plastics, sealants, inks, toners, cosmetics, food additives, deformers, and others.

However, it is its mass application in the paints & coatings sector that primarily propels the expansion of the target market. In the paints & coatings sector, pyrogenic silica is used to control the rheologic attributes; to act as an anti-setting agent or as a thixotropy agent, or to protect from rust and corrosion.

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In addition to this, the elevated demand for decorative items, furniture, and automotive is also anticipated to spur the demand for pyrogenic silica resulting in positive growth for the target market. Pyrogenic silica acts as a universal thickening agent and an anti-caking agent during the formulation of paints, adhesives, and coatings.

It is also used as an excipient in pharmaceutical products. In the upcoming years, the target market is expected to experience a swell in demand from the personal care sector because of its application in the production of toothpaste and creams.

All of these considerations have a positive impact on the target market. Other factors that supplement the global growth of the pyrogenic silica market during the projected period are urbanization, industrial growth, and accelerated economic growth in developing economies.

“Rising application in end-use industries like pharmaceutical, beauty & personal care, adhesives, and others will supplement the global sales of the pyrogenic silica market over the forecast period,” says an FMI analyst.  

Key Takeaways:

• Rising demand for environmentally friendly paints stunts the market growth.
• In 2022, the pyrogenic silica market in North America will account for 23.8% of the market share.
• Europe will hold 19.4% of the pyrogenic silica market share by the end of 2022.
• Hydrophilic pyrogenic silica segment will hold 55% of the market share.

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Competitive Landscape 

Evonik Industries AG, Akzo Nobel N.V., SOLVAY, Cabot Corporation, Wacker Chemie AG, Tokuyama Corporation, Bayer AG, PPG Industries Inc., Fuji Silysia Chemical Limited, Jilin Shuangji Chemical New Material Co Ltd, Zhejiang Wynca Chemical Industry Group Co Ltd, Shandong Ruiyang Silicon Industry Technology Co., among others are some of the major players in the pyrogenic silica market profiled in the full version of the report.

Leading market players are concentrating on entering markets in emerging economies to expand their manufacturing facilities. Some of the other businesses in the market are keen on introducing and developing new products for different end-user industries.

More Insights into Pyrogenic Silica Market Report

In its latest report, FMI offers an unbiased analysis of the global pyrogenic silica market, providing historical data from 2016 to 2021 and forecast statistics for 2022 to 2032.

To understand the global market potential, growth, and scope, the market is segmented on the basis of type (pyrogenic silica by hydrophilic fumed silica, pyrogenic silica by hydrophobic fumed silica), application (pyrogenic silica by paints, pyrogenic silica by adhesives, pyrogenic silica by coatings, pyrogenic silica by plastic, pyrogenic silica by toner, pyrogenic silica by cosmetics, pyrogenic silica by food additives, pyrogenic silica by other), and region.

According to the latest FMI reports, based on segmentation, the hydrophilic pyrogenic silica segment is anticipated to dominate the market. Owing to its excellent insulating properties at high temperatures, the segment will hold about 55% of the overall market share.

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Based on region, the pyrogenic silica market in North America is projected to exhibit substantial market growth due to advancing demand from the pharmaceutical, personal care, and beauty industries. The target market in this region will hold about 23.8% of the market share by the end of 2022. Similarly, Europe’s pyrogenic silica market, too, will expand at a steady rate over the forecast period.

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Faux Paints And Coatings Market: With 6.3%, the projected market growth during 2022 – 2032 is expected to be significantly higher than the historical growth. With 7% projected CAGR during 2022 – 2032, revenue through plasters is expected to grow at the highest pace.

Specialty Silica Market: The global specialty silica market is anticipated to expand at a CAGR of ~4.8% by during the forecast period of 2021-2031. Specialty silica can be classified into various types such as precipitated, fumed, fused, silica gel and colloidal types.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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According to Future Market Insights, the market for bridge bearings surged at a CAGR of 4.1% from 2013 to 2021. Bridge Bearings Market is projected to reach US$ 935 Mn by 2028, registering a CAGR of 4.8% during the forthcoming forecast period

The presence of numerous global as well as regional players has led to widespread fragmentation in the global Bridge Bearings Market. With increasing adoption of bridge bearings in the global construction sector, players in the market are focussing on strengthening their base in the early stages of product development.

A new report by leading research firm Future Market Insights studies the growth trajectory of the global bridge bearings market for a 10 year period from 2018 to 2028 and throws light on the current market structure and key strategies adopted by the leading market players.

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According to the research analysis, revenue from the sales of bridge bearings is projected to reach a valuation of US$ 935.0 Mn by the end of 2028, up from an estimated US$ 586.2 Mn by 2022 end, registering a CAGR of 4.8% during the forecasted 10 year period 2022 – 2028.

Future Market Insights’ Recommendations for Market Players
The report reveals that China is currently the most prominent regional market for bridge bearings. Growth in the production of steel in China has led to increasing demand for bridge bearings and this demand is anticipated to remain on an upward swing in the coming decade.

Increasing investments in transportation infrastructure in the countries of Latin America and Middle East & Africa is further expected to lead to a surge in sales of bridge bearings in these two regional markets. With manufacturers of bridge bearings looking to expand strategically across key regional markets, Future Market Insights recommends key players to pump in investments in the developing markets of China, MEA, and Latin America.

Mergers and acquisitions are a key strategy adopted by market players, and according to Future Market Insights’ analysis, M&A activities in developing markets will help manufacturers of bridge bearings expand their product offerings.

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Boost in Governmental Investments Towards Global Infrastructure Projects and Growth in Construction Activities to Create Lucrative Opportunities for Manufacturers of Bridge Bearings
Rapid urbanisation at the global level has led to a burgeoning expansion of the construction sector across the world. Governments of both developing and developed economies are greenlighting multiple construction and infrastructural projects to strengthen commercial and transportation infrastructure development. This is anticipated to boost global demand for bridge bearings in the construction sector.

Further, a growing demand among the population in China, Europe, U.S, and the Middle East for amusement parks, luxury sports venues, and other leisure activity establishments is fuelling revenue growth of the bridge bearings market. Manufacturers of bridge bearings will witness sustained growth in future if they leverage the numerous opportunities created in the global market and enhance their product portfolio.

Emergence of Global Bridge Preservation Partnerships and Increasing Use of Neoprene Elastomeric Bridge Bearings Trending the Bridge Bearings Market
One of the trends observed in the bridge bearings market is the emergence of several partnerships at the global level to maintain the integrity of existing as well as new bridges. The main objective of these collaborations is to reduce/delay/prevent deterioration of bridges, restore the core functionalities, and maintain the bridge structure in good condition to ensure enhanced performance spanning several years.

The American Association of State Highway and Transportation Officials (AASHTO) is involved in the R&D of advanced tools and methodologies to extend bridge life through preservation treatments and construction best practices. This association further promotes the use of seismic force resistant products such as bridge bearings in the U.S. The Europe based National Cooperative Highway Research Program – in partnership with the AASHTO – focuses on bridge evaluation and the necessary quality control checks.

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Another trend shaping the global bridge bearings market is the use of elastomeric bridge bearings owing to their better elasticity. Elastomeric bridge bearings can be easily installed and require minimal maintenance as compared to other types of bridge bearings. Neoprene elastomeric bridge bearings are currently in high demand as neoprene rubber comes with a high resistance to temperature and facilitates smooth load transfer from the beam to the bridge structure. Neoprene elastomeric bridge bearings are also resistant to lateral and longitudinal beam movement caused due to thermal variations.

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The global Electrical Enclosure market is estimated to have been valued at US$ 6,161.0 Mn at the end of 2017 and is expected to reach US$ 10,370.0 Mn by the end of 2028 while expanding at a CAGR of 4.9% over the forecast period. The global Electrical Enclosure market is anticipated to represent incremental opportunity of US$ 3,940.2 Mn between 2018 and 2028. Some of the end-use applications considered in this report on electrical enclosures include industrial, commercial and residential sectors.

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An electrical enclosure is a container/ box that encloses electrical connections for safekeeping as well as to ensure the safety of the general public. The whole point of an electrical enclosure box is to keep wires safe, free from dirt and dust and secured.

Rapid Growth of Renewable Power Generation Key Growth Driver

Most of the end users are now shifting their focus to alternative forms of power or energy rather than depending on energy generation by fossil fuel operated power generators. These alternative forms of energies – for instance, wind power, solar power and other forms of renewable energy are gaining popularity among all types of end users. Additionally, carbon emission and dependency on fossil resources is increasing day-by-day.

Thus, in order to control this dependency, usage of renewable energy sources such as wind and solar energy is likely to be the new trend in the energy and power industry. Establishment of these power generation facilities will increase the demand for electrical enclosures in the upcoming years. Many countries such as the U.K. and Germany among others, are planning to adopt renewable energy sources, which is expected to further increase the demand for electrical enclosures for transmission and distribution.

Capacity Addition Plans and Installation of New Grids to Power the Electrical Enclosure Market

The governments of various countries have planned to make huge investments on numerous projects to provide better electricity services. For instance, the government of Russia has devised plans such as the GOELRO plan, Russian SFSR Electrification Plan, and Railway Electrification Plan among others, for establishing new power grids to provide electricity in the rural areas of the country.

These plans are being supported by the State Commission for Electrification of Russia. Also, the government is focussing on installing new transmission lines in order to create a national grid and also to develop railway electrification, which will in turn boost the demand for electrical enclosures. These planned investments across various sectors such as infrastructure, power, and railways among others, will drive significant growth in the electrical enclosure market.

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Need for Integration of Grid Infrastructure

Increasing transmission and distribution activities across the globe have increased the demand for installations of enclosures, which in turn, is driving the market of electrical enclosures. Transmission and distribution expansion, along with urbanisation, is necessary for the development of industrial and manufacturing sectors.

Some countries, such as GCC countries and Turkey have the potential to become the hub for many manufacturing industries, which will increase the demand for electrical enclosures owing to rapid industrialisation. By material type, metallic enclosures will witness supreme demand as they have a longer life and reduce the risk of fire hazards. Climate control enclosures can work in extreme climatic conditions and are ideal for use in several regions, thereby driving demand in the global market.

Segmentation Analysis

The electrical enclosure market is segmented on the basis of product type into junction enclosure, disconnect enclosure, operator interface enclosure, environment and climate control enclosure and push button enclosure.

On the basis of product type, the junction enclosure segment is anticipated to continue to dominate the global market in terms of value over the forecast period. The junction enclosure segment is estimated to grow at a relatively high CAGR as compared to other types over the forecast period. It is expected to represent a total incremental opportunity of US$ 1,691.2 Mn between 2018 and 2028.

By Segmentation:

The global combi ovens market to grow with a year-on-year value growth of 10.2% in 2022 reaching a value of about US$ 1,996.9 Mn by 2022 end. Combi ovens are available for Convection, steaming, and combination cooking. The combination mode employs both dry heat and steam to maintain precise humidity levels in the food, allowing for more control over moisture levels.

For professional food preparation, a combi oven can be utilised to replace both equipment’s, saving time, space, and money. The global businesses is expected to witness a considerable value CAGR of 10.7% during the period of 2022 and 2027.

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FMI has identified Western Europe to remain a key market for combi oven over the forecast period owing to increasing demand from end-use applications. The region is estimated to witness a value of a CAGR8.5% during the period 2022 and 2027. Global Combi Ovens Market is expected to account for about 1.3% of the global machine tool market.

2012-2021 Global Combi Ovens Market Outlook Compared to 2022-2027 Forecast

Combi Ovens do a range of tasks including baking, roasting, broiling and steaming. It is becoming more popular for preparing continental cuisine. Combi Ovens are becoming a popular alternative to traditional foodservice equipment because of their features and high utility. Electric Combi Ovens are also becoming more popular in high-altitude settings.

As a result, their demand is expected to skyrocket in the future years. The ability to self-clean is the most significant characteristic of a combi oven, which makes it a popular choice.

Most combi ovens offer self-cleaning systems that use either tablets or liquid detergents. As a result, maintenance time and cost are significantly reduced. This is expected to shoot up the demand for combi ovens in will help to augment supply.

What are the key attributes to increase the usage of Combi oven in near future?

Consumer preferences have shifted from full-service restaurants to fast-service restaurants as a result of rapid lifestyle changes. Furthermore, transporting LPG at such high altitudes is costly. As a result, the use of LPG-powered appliances has reduced significantly over time.  With this confidence, investors are eager to invest in hotel and restaurant development.

As a result of its unique features and capacity to perform in any situation, the demand for combi ovens for applications in cruise ships, ships, and marine vessels is expected to expand dramatically. Furthermore, in many areas, hotel construction is still in its early stages. The upmarket and premium hotel segment is expected to develop significantly in the future years.

Pressurized fuel systems are ineffective at high elevations. The supply of LPG is influenced by two factors: pressure differences and a shortage of oxygen. The pressure differential between the pressurised tank and the lower outside pressure drops at high altitudes, allowing the gas to exit the canister more easily.

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Combi Ovens are becoming attractive options in high-altitude settings as a result of this. This is expected to provide a vital boost to demand and prospects for the Combi Ovens market to expand in the future years.

Global Combi Ovens Market by Category

By Product Type, the Global Combi Ovens Market is segmented as:

• Steam Generated
• Boilerless

By Power Unit, the Global Combi Ovens Market is segmented as:

• Gas
• Electric

By Capacity, the Global Combi Ovens Market is segmented as:

• Low
• Medium
• Heavy

By End-use, the Global Combi Ovens Market is segmented as:

• Hotels & Restaurants
• Bakery Stores
• Retail Outlets
• Domestic & Institutional
• Commercial Kitchens

By Region, the Global Combi Ovens Market is segmented as:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East & Africa

Combi Oven Market Competitive Landscape

Over the past few years, increment in the number of acquisitions and expansion activities has been witnessed to improve the supply of Combi oven. Several key players are also focusing on improving efficiency of machine mount for various applications. Emergence of various manufacturers had also been witnessed in the global businesses especially in China.

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About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:
Future Market Insights,
Unit No: 1602-006,
Jumeirah Bay 2,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers,
Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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