E-scooter Sharing Market is likely to reach a valuation of nearly US$ 5.7 Bn by the end of 2032

The global E-scooter sharing market was valued at US$ 1.1 Bn in 2022 and is expected to reach US$ 5.7 Bn by 2032 finds Future Market Insights (FMI) in a recent market survey. E-scooter sharing market likely to surge at a vigorous 17.9% CAGR during the forecast period of 2022 – 2032. In free-floating sharing commuters can pick and drop off the E-scooters from the place sanctioned by civic authorities. Hence, they can find free-floating sharing services convenient for short transit routes.

Kick Scooter Has an Upper Hand over Smart Scooters in E-scooter Sharing 

Kick scooters are more opted for by users over smart scooters in E-scooter sharing. Kick scooters are generally easy to use as compared to smart scooters, which makes the commuters choose kick scooters over smart scooters for E-scooter sharing.

US to Dominate E-scooter Sharing Market throughout the Analysis Period 

US generated the highest revenue in the E- scooter-sharing market in 2021. While two of the top E-scooter sharing providers are based in the US, it holds a market share of US$ 340.9 Mn in 2021. Due to the high usage of E-scooter sharing, the market in US is expected to account for US$ 1.9 Bn in revenue by 2032.

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E-scooter sharing Market: Competition Insights 

At present, E-scooter sharing manufactures are largely aiming at raising funds and gaining more customers. The key companies operating in the E-scooter sharing market are Neutron Holdings, Inc. (Lime) Cityscoot, Cooltra Motosharing, S.L.U, Bird Global Inc., Vogo Automotive Pvt. Ltd., TIER Mobility AG, Voi Technology AB, Wind Mobility,  Beam Mobility Holdings Pte. Ltd.

Some of the recent developments by key providers E-scooter sharing are as follows: 

In May 2022, San Francisco Municipal Transformation Agency (SFMTA) tested scooter sidewalk riding detection technology involving three companies Lime, Spin and Scoot. The key objective of this testing is to maintain safe sidewalks across the city. Sidewalk riding detection technology automatically detect sidewalk riding and automatically reduce the speed to a safer level.
In April 2022, Bird announced it will provide it E-shared scooter service in Indio California, Home of Coachella and Stagecoach festivals.
In March 2022, Chalo, an India based mobility startup acquired Vogo Automotive Pvt.Ltd. Chalo’s plan is to boost its bus ridership by providing it users to solve the last and first mile concerns.
In March 2022, Ford announced that it will be selling its E-scooter business Spin to Tier a German e-scooter company which helped Tier to set is operations in North America.
In November 2021, Lime announced that it has raised a funding of US$ 523 Mn and declared that it will list as public in 2022.
In November 2021, Tier, a berlin-based E-scooter operator acquired Nextbike a German based bike-sharing platform to become Europe’s largest and diverse micro mobility provider.

Similarly, recent developments related to companies manufacturing E-scooter sharing have been tracked by the team at Future Market Insights, which is available in the full report.

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More Insights Available 

Future Market Insights, in its new offering, presents an unbiased analysis of the E-Scooter Sharing Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

Key Segments Covered in E-scooter sharing Industry Survey

E-scooter sharing market by Type:

Free-floating
Station bound

E-scooter sharing market by Scooter Type:

Kick Scooter
Smart Scooter

E-scooter sharing market by Region:

North America E-scooter sharing market
Latin America E-scooter sharing market
Europe E-scooter sharing market
Asia Pacific E-scooter sharing market
Middle East & Africa E-scooter sharing market

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Cloud POS Market Research Report by Type, by Production Technology, by Application, by Function – Global Forecast 2028

With the increasing awareness about the advantages associated with the adoption of cloud technology, end-users across the globe are focusing on adopting cloud based solutions. Similarly, end-users across various industry verticals are focusing on transiting to cloud POS, in comparison to the already adopted client-server (conventional POS) terminal.

Cloud POS is a POS terminal which eliminates the need for a server and wires, as mandated in the traditional client-server POS terminal. Cloud POS enables the flow of traffic, wirelessly, to someone else’s datacenter. Besides this, a decrease in the operational cost is witnessed with the adoption of cloud POS terminals.

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As the concept of cloud POS is relatively new in the respective domain, a restricted adoption of the same is witnessed since the past few years. However, the Y-o-Y growth of cloud POS in the respective years is expected to be considerably high. Major traction of cloud POS has been witnessed across countries having resources to implement the same, such as the U.S., the U.K., China, Japan, and Germany. It is furthermore expected that the global cloud POS market will exhibit a high double digit growth rate, during the forecast period.

Cloud POS Market: Dynamics

Increasing affinity amongst the end-users for the adoption of cloud technology across all the major domains is expected to be the key driver for the cloud POS market. The advantages associated with the adoption of cloud POS, such as enhanced simplicity, flexibility, and functioning is further assisting end-users to adopt cloud POS across their respective industry vertical. Besides these factors, one of the major factor driving the demand for the adoption of cloud POS is the low operational cost associated with it. The decreasing cashless transactions is assisting the growth of digital payments. This has a direct impact on the growth of POS market. As a result, cloud POS market is also expected to witness impel during the forecast period.

The increasing adoption of cloud POS across small and medium sized enterprises is witnessed to be the recent trend governing the growth of the global cloud POS market, in terms of value.

However, in contrary to the above situation, a restricted adoption of cloud POS system is witnessed in some of the developing and underdeveloped countries, owing to the lack of awareness about the same, especially in countries lacking the resources necessary for the implementation of cloud POS. This, thus, acts as the primary restraint for the global cloud POS market. In addition to this, vulnerability against cyber-threats and cyber-crimes is another factor hindering the demand of cloud POS.

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On the basis of offering, the cloud POS market has been segmented as:

Solution
Services
Consulting and Training
Implementation and Integration
Support and Maintenance

As the adoption of cloud POS solution proliferates, a higher demand for its services is expected. Thus, services segment is expected during the forecast period, in the global cloud POS market.

On the basis of industry vertical, the cloud POS market has been segmented as:

Retail
Hospitality
Media and Entertainment
BFSI
Transportation and Logistics
Healthcare

Cloud POS Market: Market Participants

Some of the key players in the cloud POS market are Square, Inc., Cegid, UTC RETAIL, Shopify Inc., ShopKeep, Poster POS Inc, Lightspeed, RetailOps, Clover Network, Inc. and various others.

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Pearlescent Pigment Market will Reach a Valuation of over US$ 5,331.4 Million towards 2032-end

The global pearlescent pigment market is expected to poise an impressive CAGR of 4.0% over the assessment period from 2022 to 2032. The market is projected to garner a total revenue of US$ 3,601.70 Mn by the end of 2022 and is anticipated to surpass US$ 5,331.4 Mn by 2032.

Predominant influence on the market is by certain industrial and innovation factors including growth in automotive, paints and coatings, and plastic industry and investment in product development.  According to the historic evaluations, the pearlescent pigment market witnessed a growth outlook of around 4.2% CAGR over the period between 2015 and 2021.

However, a significant surge has been witnessed in demand for pearlescent pigments, particularly for application in the printing and food packaging industry. Owing to these factors, the demand for the pearlescent pigment market is anticipated to reach US$ 5,331.4 Mn by 2032. Sales in the market are projected to expand by nearly 1.5x over the forecast period (2022-2032).

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On the basis of regional segmentation, the East Asian region is predicted to remain prominent in the consumption of pearlescent pigment. The south Asian market is expected to witness a positive growth outlook, especially in emerging countries like India.

Attributing to the growing applications in various industries including personal care and paints & coatings industries, the global pearlescent pigment market is expected to have higher demand over the years. The global consumption of pearlescent pigment is estimated to be around 6-8% of the overall pigments market.

Key Takeaways

  • Owing to the expansion of the automotive industry all over the world, combined with the rising purchasing power, there is a significant surge in the demand for luxury passenger cars in the global landscape. With a surging preference for aesthetically pleasing finishing touches, the automakers are choosing colors that are trending among millennials and Gen-Zs as they are eye pleasing. This is resulting in increased sales of pearlescent pigments in the market.
  • As compared to organic pigments, pearlescent pigments are expensive as they are used to attain high luster and a premium finish for luxury cars. Thus, the aforementioned factors are in turn driving demand in the pearlescent pigments market.
  • Widespread application of borosilicate glass flake pearlescent pigments in various cosmetics including lip gloss is predicted to bolster growth in the market. The utilization of glass flake pearlescent pigment in lip products is expected to increase significantly over the upcoming decade.
  • There are several other applications of glass flake pearlescent pigments in the cosmetics industry, especially for lip, eye, face, nail, and other personal care products that are above the roof. Since these pigments help in moderately diffusing ambient light in order to help reduce the appearance of wrinkles, the demand is in the pearlescent pigment market.
  • Owing to the different color index and special mica and metallic pigments utilization, it is expected to lead to the growth of such an extensive variety of pearlescent pigments. In addition to that, the rising application of pearlescent pigments in digital printing for quality of dispersion, viscosity, and consistency is another versatile trend observed in the pearlescent pigments market.
  • The packaging industry is expected to strive to meet the increasing demand for high-quality graphics, which in turn is aiding the demand in the pearlescent pigment market. Moreover, synthetic mica, being a substrate material also provides a relatively higher level of transparency and lower impurities as compared to natural mica.

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Competitive Landscape

Prominent players in the market are focusing on surging their manufacturing capacities and are extensively setting up their manufacturing units, sales offices, and distribution channel in emerging economies to boost their sales, especially in emerging economies.

Key participants are also focusing on the acquisition of small and medium-sized manufacturers to enhance their annual turnover. Some of the leading players are also focusing on tailored product offerings as per the specific requirements of the end-use industries.

More Insights into the Pearlescent Pigment Market

According to FMI studies, a significant development in the industrial sector all over the U.S. is expected to result in an upsurge in pearlescent pigment production.

It has been widely adopted in various industries such as automotive, paints, and coatings, and plastic compounding will also spur the demand for pearlescent pigment. Backed by this, the U.S. is estimated to account for around 27% of the global market share.

Demand for pearlescent pigment is predicted to surge in China with a phenomenal CAGR of 6.4% over the projection period. Owing to the significant growth in the construction sector, development in the paints and coatings industry, growth in the plastic industry and significant rise in the automotive industry are the key driving factors in the China pearlescent pigment market.

Pearlescent Pigment Market Segmentation

By Purity Type:

  • Natural Pearl Pigment
  • Synthetic Pearl Pigment
  • Glass Flake Pearl Pigment

By Structure Type:

  • Substrate-free
  • Monolayer
  • Multilayer

By End-use Industry:

  • Automotive Paints
  • Paints & Coatings
  • Personal Care
  • Plastic Industry
  • Printing
  • Others

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

Paper Pigments Market: During the production of pulp & paper, various chemicals/pigments are utilized as additives and as processing agents. The selection of these pigments is dependent on the function properties required to be imparted to papers and paperboards.

Dyes and Pigments Market: Dyes are the intensely colored or flaming organic materials, which are naturally colored and imparts color to a substrate by absorption of light. Pigment is a chemical material, which alters the color of the transmitted or reflected light due to wavelength-selective absorption.

Organic Pigments Market: The global organic pigments market is projected to have a moderate-paced CAGR of 4.5% during the forecast period. The current valuation of the market is US$ 5862 Million in 2022.

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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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Industrial Robots Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2032

With the rapid pace of inventions of different machines and improved technologies, the world has become more dependent on science. From dawn to dusk, we love to live on technology, be it our favorite phone or laptop. In every step of life, it has become a compulsion for us to take help from technology. Similarly, in the modern world of machines, industrial robots is one of the new inventions of technology, which is spreading extensively. Almost in every industry, such as food & beverage, automobile, construction, pharmaceutical, manufacturing and many more, are depending upon industrial robots. Owing to this vast usage, it can be estimated that the global market for industrial robots is likely to witness an extreme demand in the forthcoming years.

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How Does Industrial Robot And Its Parts Work?

An industrial robot has many parts, such as a controller, arms, end effector, drive, and sensors. All the parts are equally important to execute a whole process with acute productivity. The controller is the brain of the robot that allows the parts to work together. With the arms, the pick & place of materials can be done perfectly. As the end effector is connected to the robot’s arm, it works as a hand and can be set for multiple tasks. The drive helps to move different materials to their particular positions. Moreover, the sensors are installed to receive the feedback from the environment.

Different Types of Industrial Robots

Owing to the improved productivity, better quality and increased quantity, several types of industrial robots have been introduced in the market. Bin picking robotics, hand guiding system, medium payload handling, cell production robots and co-operative handling, are the various kinds of industrial robots that are used for mass production of different machines.

Does These Robots Really Helpful?

Yes, industrial robots are really useful. They are programmable & reprogrammable, automatically controlled and manipulative machines. Such robots can easily work in various industrial practices include, product inspection, welding, assembly, painting, palletizing, packaging, labeling and also is used for pick & place materials in the right position. The list is still long. Industrial robots consume less time but work more with sufficient efficiency and perfection. However, the work productivity is varied in different manufacturers, various models and the different standards that have been set as per the principles of the manufacturers.

More about Industrial Robots

Apart from the benefits, there are some restraints also, while using these industrial robots. As such robots are controlled by computer, there is a high chance of interruption in the whole process. Because of a small mistake, the entire process can be done imperfectly or it can get hampered. For an example, while manufacturing a car, if a component has been found damaged, the outcome of the productivity will also get hampered. Though the application of industrial robots are increasing day-by-day, they are also affecting the people by threatening their jobs. Due to the scarcity of skilled professionals, the demand for industrial robots are still lacking. In a nutshell, it is preferred to go for industrial robots for the sake sufficient production, devoid of over-dependence.

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Tick Repellent Market Valuation is Expected to Reach US$ 1.3 Bn by 2032 | FMI

According to a recent report by Future Market Insights (FMI), the tick repellent market is expected to exceed a valuation of US$ 819.1Mn in 2022 at a CAGR of over 5.5% through 2032.

Companies are focused on increasing production along with extending the product range owing to the rising adoption of these products. Manufacturers are coming up with number of effective, safe, and totally natural tick repellent for animals.

Turmeric oil, lemon eucalyptus oil, and geranium oil are some popular essential oils used in natural tick repellents. There are numerous tick repellent recipes that are made from essential oils and other natural ingredients. For instance, Australian native eucalyptus trees are valued for their natural production of eucalyptus, which can be a tick deterrent. Both the CDC and the EPA recommend lemon eucalyptus oil as a natural tick repellent.

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Growing consumer awareness regarding the benefits of tick repellents is driving the market. An Increasing demand for natural and herb-based tick repellents in urban areas is expected to boost demand in the forthcoming years.

Furthermore, government agencies have taken qualitative measures to protect against these diseases by encouraging the use of tick repellent products such as sprays, which will continue augmenting the growth in the market over the forecast period.

“Increasing adoption of tick repellent products for the prevention and treatment of tick-borne diseases in pet animals and potential risk of transmission in humans will fuel the growth in the market,” says an FMI analyst.

Key Takeaways:

  • Dog segment is expected to hold a noteworthy revenue share of 42.7% in 2022.
  • Based on method, sales of external tick repellents will remain high.
  • In terms of product type, demand for chewable tick repellents will grow at a 6.4% CAGR over the forecast period.
  • By sales channel, the online retailers segment will expand at a 9.2% CAGR over the assessment period.
  • India will dominate the South Asia tick repellent market through 2032. Sales in the South Asia market are projected to grow at a 7.2% CAGR over the assessment period.
  • The U.K. will account for 22.5% of the Europe tick repellent market share over the forecast period.

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Competitive Landscape

Leading manufacturers of tick repellent are focusing on aggressive promotional strategies, advertisements, and new product launches to improve sales. Key players are investing in mergers, acquisitions, and collaborations to expand their global presence.

Merck & Co., Inc., Zoetis Inc., Boehringer International GmbH, Bayer AG, Elanco Animal Health, Ceva Santé Animal, Perrigo Company plc., Central Garden & Pet Company, Virbac Corporation and The Hartz Mountain Corporation are some of the leading players operating in the market.

Global Tick Repellent Market by Category

By Product Type:

  • Chewable
    • Fluralaner
    • Valerian
    • Chamomile
    • Others
  • Spot On
    • Methoprene
    • Fipronil
    • Moxidectin
    • Others

By Pet Type:

  • Dogs
  • Cats
  • Others (Birds, Horses, etc.)

By Method Type:

  • Internal
  • External

By Sales Channel:

  • Modern Trade
  • Convenience Stores
  • Veterinary Clinics
  • Online Retail

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Ammonium Sulphate Market is Expected to Reach a Valuation of USD 6.18 Billion in 2032 | Says FMI Analyst

A recently published study by FMI expects the global ammonium sulphate market to augment at a 7.5% CAGR from 2022 to 2032. By the end of the said assessment period, a valuation of US$ 6.18 Billion is expected for the market. The demand for ammonium phosphate is growing owing to its increasing usage in the agricultural sector.

Moreover, application of ammonium phosphate has found a place in the biopharmaceutical and cake and confectionery industries too. This, in turn, is positively influencing the growth of ammonium phosphate market. From 2017 to 2021, the industry experienced noteworthy growth, registering a value CAGR of 5% and closing at US$ 2.79 Billion.

The COVID-19 pandemic affected the demand for ammonium phosphate positively as the same is widely used in the production of disinfectants and surface cleaners. In addition, modification of ammonium phosphate for maximizing the use of the same is creating opportunities for the market.

The increasing use of ammonium phosphate in Europe for water retention purposes and for agriculture in Asia Pacific is further contributing to the market growth. Furthermore, the use of ammonium phosphate for wood preservation and soil retention is favoring the growth of the market. In the upcoming years, the dependency on ammonium phosphate is expected to increase by end user industries owing to its multi-purpose use.

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Key Takeaways from the Market Study

  • By production process, caprolactam is expected to hold 40% market share for ammonium sulphate in 2022.
  • North America is expected to hold 45% for ammonium phosphate market in 2022.
  • Asia Pacific is expected to possess 40% of market share for global ammonium sulphates market in the assessment period 2022-2032.
  • Europe is expected to procure 35% of market share for ammonium sulphates market in the forecast period 2022-2032.

“The increasing use of ammonium phosphate in end user industries especially in the agricultural sector by different geographical locations is increasing the demand for the same.” says an FMI analyst

Market Competition

Key players in the ammonium sulphate market are Koninklijke DSM N.V. (Fibrant), JSC KuibyshevAzot, UBE Industries Ltd, Toray Industries Inc., China Petrochemical Development Corporation, China Petroleum & Chemical Corporation (Sinopec Corp.), JSC “Grodno Azot”, Grupa Azoty, Domo Chemicals, Gujarat State Fertilizers & Chemicals Ltd, Sumitomo Chemical, Evonik Industries AG

  • In August 2022, JSC “Grodno Azot” announced that it will be partially limiting the production of nitrogen fertilizer due to the increase in prices of natural gas.
  • DOMO Chemicals, a key player in the ammonium sulphate market is focusing on producing the same sustainable and reducing their overall carbon footprint.

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More Insights Available

FMI, in its new offering, presents an unbiased analysis of the global ammonium phosphate 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 Production (Process Caprolactam, Coke Oven Gas, Gypsum, and Neutralization & Others) across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

Key Segments Profiled in the Ammonium Sulphate Market Industry Survey

Ammonium Sulphate by Production Process:

  • Ammonium Sulphate for Caprolactam
  • Ammonium Sulphate for Coke Oven Gas
  • Ammonium Sulphate for Gypsum
  • Ammonium Sulphate for Neutralization & Others

Ammonium Sulphate by Region:

  • North America Ammonium Sulphate Market
  • Latin America Ammonium Sulphate Market
  • Europe Ammonium Sulphate Market
  • Asia Pacific Ammonium Sulphate Market
  • Middle East & Africa Ammonium Sulphate Market

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About the Chemical and Material Division at FMI

The chemicals & materials team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

About Us

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

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Automated Infrastructure Management Solution Market By System Type, By End User, By Region, Industry Analysis and Forecast, 2028

As an organization’s infrastructure develops, so do the management challenges it faces. Examples of these challenges include growing fibre density, challenging point-to-multipoint connections, and mesh leaf-spine topologies. Due to these growing complexities, there is a growing need for an automated solution, such as an automated infrastructure management system, to manage the relevant infrastructure.

An automated infrastructure management solution combines software and technology to give the end user or business real-time access to and control over their infrastructure. A company or organisation can increase its security against unwanted tampering by implementing an automated infrastructure management solution that allows them to monitor their whole network’s connection changes (such as the insertion and removal of patch cords).

Due to the growing use of data centres, modular data centres, colocation, etc. and the demand for management of the corresponding infrastructure and its network connectivity, particularly in developed nations like the U.S. and the U.K., automated infrastructure management solutions have seen significant traction over the past four years. The automated infrastructure management solution market is anticipated to increase at a double-digit rate in terms of value during the forecast period due to the enormous growth opportunity it offers, as well as the existence of an untapped market in developing nations.

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Dynamics of the Market for Automated Infrastructure Management Solutions

The market for automated infrastructure management solutions is anticipated to be primarily driven by the growing usage of data centres and other comparable facilities by both large and small businesses. Additionally, the expansion of SME establishments in developing nations like India, China, Mexico, and Brazil is contributing to the market growth of automated infrastructure management solutions globally in terms of value.

The market for automated infrastructure management solutions is anticipated to be driven by the rising demand for automated solutions across all industries, as these solutions do away with the difficulties and error-prone nature of manual administration of the infrastructure and its network. The market for automated infrastructure management solutions is anticipated to increase by double digits over the course of the forecast period as a result of the aforementioned causes.

Contrary to the aforementioned situation, the primary factor expected to restrain growth in the global market for automated infrastructure management solutions is expected to be a lack of resources for the implementation and adoption of automated infrastructure management solutions across various developing and under-developed economies.

Market participants for automated infrastructure management solutions
CommScope, Inc., CA Technologies, IBM Corporation, FUJITSU, Ivanti, Microsoft Corporation, SAP SE, Hewlett Packard Enterprises, VMware, Inc, Cisco Systems, and several others are some of the major participants in the market for automated infrastructure management solutions. In addition to these, there are a few other companies that compete in the market for automated infrastructure management solutions, such as Nexans, Rittal GmbH & Co. KG, Anixter Inc., and a few others.

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On the basis of deployment type, the automated infrastructure management solution market has been segmented as:

  • On-Premises
  • Cloud

Cloud segment is expected to exhibit higher growth rate in the global automated infrastructure management solution market. The same segment is further expected to dominate automated infrastructure management market by the end of the forecast period.

On the basis of industry verticals, the automated infrastructure management solution market has been segmented as:

  • BFSI
  • Telecom and IT
  • Government
  • Energy
  • Healthcare
  • Energy and Utility
  • Manufacturing
  • Research
  • Others

Telecom and IT segment of the global automated infrastructure management solution is expected to dominate the global automated infrastructure management solution market throughout the forecast period, as the same segment is witnessing the highest adoption of data centers, modular data centers, and colocations.

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On the basis of user-type, the automated infrastructure management solution market has been segmented as:

  • Large Enterprises
  • Small and Medium Sized Enterprises

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Non-Halogenated Flame Retardants Market Value to Grow by Almost US$ 6.91 Billion during 2022-2032

The global non-halogenated flame retardants market size is anticipated to create lucrative growth opportunities by exhibiting a robust CAGR of 6.2% over the projection period from 2022 to 2032. The market size is expected to be valued at around US$ 3,787.1 Mn in 2022 and is projected at around US$ 6,911.1 Mn by the end of 2032.

According to the historic period, the global demand for the non-halogenated flame retardants market grew at a phenomenal CAGR of 6.5% CAGR between 2015 and 2021. Consumption is predicted to surge at a total market value of US$ 6,911.1 Mn in 2032.

Non-halogenated flame retardants are compounds mixed with manufacturing materials to suppress flames. In addition to that, plastic components of vehicles ought to have strong frame retardant characteristics in order to lessen fire hazards that are majorly created by vehicle heat generation.

Growth in the construction industry and surging urbanization are expected to bolster growth in the global non-halogenated flame retardants market. In addition to that, the surging use of plastics in the automotive & transportation, electrical equipment, and consumer electronics industries is expected to drive the non-halogenated flame retardants market.

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Key Takeaways

  • On the global level, the electrical and electronics business is expected to bolster due to the rising demand for end users. On the basis of the electrical and electronics sector, plastics are widely applied to printed circuit boards, electronic housing & components, wire & cable, switches, and connections.
  • These days, flame retardants are considered to be essential components in their manufacturing, that protect such items from fire caused by resistive heating or joule heating. Electronic garbage and other hazardous products associated with it have extracted more attention during the last decade.
  • Surging investments in the electronics sector, particularly in India and East Asian regions are anticipated to augment growth in the non-halogenated flame retardants market. The electronics industry is immensely gaining traction all over the world since several companies in the field of flame retardants are targeting this sector owing to significant opportunities.
  • Government rules rotating around vehicle emission management, combined with favorable features of modern plastics are expected to drive original equipment manufacturers (OEMs) to utilize plastic materials in the production of automotive parts.
  • In the past few years, utilization of plastic components in the automotive industry has surged attributing to the use of plastic components in the automobile industry increased due to the material’s various features such as high durability, corrosion resistance, toughness, design flexibility, and resilience.
  • Widespread awareness about reducing carbon dioxide emissions is expected to surge fuel economy. It has been anticipated that an average car employing plastic composites accounts for around 10% to 15% of the car’s overall weight. Since plastics are considered lighter than their metal equivalents, they tend to increase fuel efficiency impeccably.
  • As per FMI projections, a 10% decrease in vehicle weight saves 5-7% on gasoline. Therefore, there is a possibility to cut carbon dioxide emissions by 20 kg for every kilogram of vehicle weight reduction.

Competitive Landscape

Prominent players in the non-halogenated flame retardants market are concentrating on the widespread expansion of their production capacities owing to significantly rising demand for the product in medical applications and tire production. In addition to that, to improve their global presence, dominant market players are investing in acquisitions and collaboration activities to expand their market presence and consumer base, as well as strengthen their distribution networks.

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Key Companies Profiled

Clariant International Limited, Albemarle Corporation, Israel Chemical Limited, Italmatch Chemicals S.p.A, Chemtura Corporation, Nabaltec AG, FRX polymer Inc., Huber Engineered Materials, Amfine Chemical Corporation, THOR Group Limited, BASF SE., Huber Engineered Materials, Lanxess AG, DSM, Delamin, Dupont, Sarex, Firefree Coatings, Akzo Nobel N.V., Dow, Lubrizol Corporation,  SUZUHIRO CHEMICAL CO., ADEKA CORPORATION, H.M. Royal, MPI Chemie, Oceanchem Group Limited, Tosaf

Non-Halogenated Flame Retardants Market Outlook By Category

By Product Type:

  • Metal Oxide Based
  • Phosphorous Based
  • Nitrogen Based
  • Others

By End-Use Industry:

  • Electrical and Electronics
  • Construction
  • Automotive & Transportation
  • Others

By Application:

  • PO
  • Epoxy
  • UPE
  • Rubber
  • PVC
  • PU
  • Styrenics
  • ETP
  • Others

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More Insights into the Non-Halogenated Flame Retardants Market

The U.S. is anticipated to remain the dominant country over the projection period as it accounts for around US$ 6,911.1 Mn by the end of the forecast period and exhibits growth at a CAGR of 6.2% during the assessment period.

California, Hawaii, Illinois, Maine, Maryland, Massachusetts, Michigan, Minnesota, New York, Oregon, Rhode Island, San Francisco (California), Vermont, Washington, and Washington, D.C. are just a few of the states in the U.S. that have put strict regulations in place to control the use of flame retardants in consumer products.

China is the second largest consumer and producer of synthetic rubber. The China non-halogenated flame retardants market is estimated to grow at a robust CAGR of 7.3% between 2022 and 2032. Growth in the Chinese market is driven by rapid advances in the Chinese healthcare industry over the projection period.

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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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Chilled Beam System Market by Segmentation type— Global Forecast to 2031

Future Market Insights (FMI) in its recent market analysis, projects the global chilled beam systems market to reach US$ 308.5 Mn in 2021. With increasing adoption of chilled beams systems in healthcare facilities, corporate offices, and universities across various countries, the market is anticipated to grow at a steady pace, exhibiting a 5.5% CAGR.

In 2020, chilled beam systems market experienced decelerating sales due to the COVID-19 outbreak. However, FMI projects a positive demand outlook as the market experienced year-over-year growth at 3.9% between 2020-2021 with sales projected to reach 175’000 units during the forecast period.

In addition, development of smart cities, healthcare facilities, and renovation of residential and commercial spaces are expected to propel market growth in emerging economies such as India, China, Mexico, and Brazil.

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As per FMI’s regional market survey, the U.S. is anticipated to dominate the North America chilled beam systems market. Being a relatively new ventilation concept, adoption of chilled beam systems is expected to grow at a steady pace. Apart from this, expansion of residential, corporate, and healthcare infrastructure will continue spurring demand for chilled beam systems in the U.S.

KEY TAKEAWAYS:

  • Based on product type, concealed chilled beam systems are projected to dominate the segment.
  • In terms of design, sales of standard chilled beam systems are anticipated to remain high through 2031.
  • Corporate offices will account for maximum applications of chilled beam systems in the forthcoming years.
  • The U.S. is anticipated to lead the chilled beam systems market due to growing demand for energy-efficient ventilation solutions in the country. FMI projects the North America chilled beam systems market to grow at a 5.6% CAGR.
  • The U.K. is expected to exhibit high demand for chilled beam systems, owing to rapid expansion in the hospitality and education sectors. The European chilled beam systems market is projected to expand at a 5.3% CAGR.
  • Being one of the key exporters and producers of chilled beam systems, Germany will emerge as a lucrative market during the forecast period.
  • Rapid development of smart cities and increasing adoption of modern cooling systems in India will place it as an attractive market through 2031.
  • South Korea and Japan will collectively account for 9% of the total market share.

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Compititive Landscape:

As per FMI’s market analysis, top 5 players operating in the chilled beam systems market comprise SAS International Limited, Lindab International AB, Halton Group, Trox GmbH, and Caverion Corporation, holding 58.5% of the total market share.

Prominent players operating in the chilled beam systems market are emphasizing strategic collaborations and partnerships to expand their global footprint. Apart from this, product portfolio expansion and robust aftersales services will remain key growth strategies among leading players. For instance:

  • In August 2021, Johnson Controls, a global leader in smart and sustainable building solutions, announced a strategic collaboration with Apollo Global Management, a leading global asset manager, to provide sustainable and energy-efficient solutions various sectors to address decarbonization and high operational costs in buildings.
  • In July 2021, Caverion Corporation acquired GTS Immobilien GmBH, a leading building automation service provider in Austria. Through this acquisition, Caverion is aiming to strengthen its market position in smart technologies and building automation solutions for diverse end-uses.

More Insights into the Chilled Beam Systems Market Report

In its latest report, FMI offers an unbiased analysis of the global chilled beam systems 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 (concealed, exposed, and recessed), design type (standard and customized), end-user type (educational institutions, healthcare facilities, hotels/restaurants, and other institutions including military, residential and industrial), and across seven regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, 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 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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Hand Sanitizer Spray Pen Market is Likely to Register a CAGR of 11% During the Forecast Period 2022-2032

The hand sanitizer spray pen market is likely to register a CAGR of 11% during the forecast period, and is anticipated to reach a market share of US$ 11.36 Bn in 2032, from US$ 4 Bn in 2021, due to its convenient packaging which makes consumers carry it easily.

Consumers have made health and hygiene a very significant part of their lives due to the necessity of cleanliness and keeping excellent health not just for themselves, but also for social reasons, which has boosted demand for hand sanitizer spray pen.

Hand hygiene goods, in particular, have acquired relevance in customers’ minds over the last decade, and as a result, manufacturers are recognising this and making advertisements with such concepts to promote awareness and increase usage of such things, encouraging sales of hand sanitizer spray pen.

As healthy hands are so essential to consumers, several firms in the market are supporting this shift in consumer behavior, and goods such as hand sanitizers have entered the market. There are numerous product improvements introduced by manufacturers for the convenience of consumers based on their usage habits, to boost the demand for hand sanitizer spray pen.

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Sales of hand sanitizer spray pens are high, as they are a newly developed hand sanitizer device that has gained popularity due to its ease of use by any user, whether male, female, or child. Males may easily carry me in their pockets, while females can carry me in their handbags or clutches.

What drives the Hand Sanitizer Spray Pen Market

Due to its simple packaging, which allows customers to carry it effortlessly, the hand sanitizer spray pen market share will show robust growth across the health and hygiene industry.

In comparison to the traditional sanitizer bottle, where it is often impossible to control the pore, innovative and new generation hand sanitizer spray pens are designed to administer a pre-measured dosage of sanitizer in each spray for effective germ kill, which boosts the demand for hand sanitizer spray pen.

Most cosmetic firms are relying on pen-shaped applicators and solid stick formats to provide mess-free on-the-go options for consumers who want to perfect their look swiftly, contributing to the sales of hand sanitizer spray pen. Pen-shaped packaging is becoming more popular than other formats due to its ease of application and portability.

What are the Trends in the Hand Sanitizer Spray Pen Market

The rise in demand for hand sanitizer spray pens over soaps, normal sanitizers, and hand wash is due to a shift in consumer lifestyles and a shift toward the acceptance of convenience items. Consumers understand the necessity of hand cleanliness and the efficiency of hand sanitizer spray pens in preventing germs and bacteria, impacting sales of hand sanitizer spray pen profitably.

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The personal health and hygiene market is expanding in all regions. Consumers in all regions are eager to try out new, cost-effective products, which leads to higher sales of hand sanitizer spray pen.

According to the World Health Organization’s (WHO) standards on hand hygiene, an alcohol-based hand sanitizer spray pen is more effective than ordinary soap and water in preventing the spread of bacteria, which is causing a shift in consumer perception.

What is the Regional Outlook of the Hand Sanitizer Spray Pen Market

Due to the importance of hand hygiene in the minds of consumers, the hand sanitizer spray pen market is likely to develop at a healthy rate across all geographies during the forecast period. Health and hygiene goods are becoming more popular around the world, which is anticipated to drive demand for hand sanitizer spray pens due to their low prices.

Due to the lucrative expansion in the sector, rising nations are likely to create large sales of hand sanitizer spray pen. The Asia Pacific area offers substantial market growth for hand sanitizer spray pen, and the hand sanitizer spray pen market share is predicted to expand at a relatively high rate due to increasing population and adoption of innovative goods among Asian consumers.

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What is the Competitive Outlook of the Hand Sanitizer Spray Pen Market

Some of the major players in the hand sanitizer spray pen market are

  • Purell
  • Soaptronic LLC
  • Walgreen Company
  • UCLA Bruins
  • GlaxoSmithKline plc
  • Sanell
  • Others

These prominent industry players are expected to boost hand sanitizer spray pen market share growth

Manufacturers of hand sanitizer spray pens have a plethora of new prospects. To maintain consistent sales of hand sanitizer spray pen, cosmetic companies are cooperating with hand sanitizer spray pens providers. The demand for hand sanitizer spray pen has grown at a faster rate due to rising demand for healthcare products from consumers all over the world.

About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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