Aluminium Chloride Market is Set to Reach a Valuation in Excess of USD 1,317.6 Million in 2032

Worldwide Aluminium Chloride Market demand is expected to US$ 873.2 million in 2022, projected growth at a CAGR of 4.2% , valued in US$ 1,317.6 million between 2022 and 2032. The growth is attributed to increasing industrialization worldwide.

Aluminium Chloride is available in crystal form as well as powdered form in white color. It is one of the major compounds of aluminium and chlorine. Some of the key applications of aluminium chloride include waste water treatment, inks, metal precipitation, and food among others. Further, it is used as a catalyst for Friedel-Crafts reaction in organic synthesis and also for cracking of oil.

Moreover, it is also deployed in manufacturing of various petrochemicals which include ethyl benzene, ethyl chloride, and alkylbenzene and alkyl aryl ketone. Moreover, it also finds application as a key ingredient in polymerization reaction of various hydrocarbons.

Depending on the state (gas, liquid, solid) and on the operating temperature, aluminium chloride exhibits different structures such as cubic layered, octahedral geometry and trigonal planar. Aluminium chloride can be produced by various methods which include exothermic reaction of chlorine & metal, displacement reaction between metal and copper chloride & others.

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Global Aluminium Chloride Market: Dynamics 

Upswing in industrialization is expected to in turn augment the demand for waste water treatment solutions so as to reduce pollution levels. Waste water treatment being one of the major application areas for aluminium chloride, demand for aluminium chloride is expected to in turn witness a steady growth during forecast period.

Increasing demand for aluminium metal powder from various industries is the major factor that is expected to propel the demand for aluminium chloride during forecast period. The increasing production of pigments and dye-stuffs especially in countries in Asia Pacific region is expected to drive growth of global aluminium chloride market during forecast period.

Moreover, growth of pharmaceuticals and personal care industry is another factor that is expected to in turn fuel the demand for aluminium chloride, thus driving growth of global aluminium chloride market over forecast period.

Global Aluminium Chloride Market: Region-wise Outlook 

The global aluminium chloride market is divided into seven key regions namely North America, Latin America, Asia-Pacific, Western Europe, Eastern Europe, Japan and Middle East & Africa. Asia-Pacific is anticipated to dominate the global aluminium chloride market during forecast period.

North America and Western Europe regions are expected to witness a steady growth in consumption of aluminium chloride over the forecast period primarily due to increasing demand waste water treatment application.

Global Aluminium Chloride Market: Key Players 

The key players involved in the manufacturing of aluminium chloride include

  • GFS Chemicals
  • Gulbrandsen
  • Cellmark AB
  • Skyhawk Chemicals
  • Southern Ionics
  • Tokyo Kasei Kogyo Co. Ltd.
  • Kemira kemi AB
  • GEO Specialty Chemicals, Inc.
  • Noah Technologies Corporation.

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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 geography, production methods, end-use industries and applications.

Global Aluminium Chloride Market: Segmentation 

The global aluminium chloride market can be segmented on the basis of production method, application and end-use industries.

On the basis of production method, global aluminium chloride market can be segmented into

  • Chlorination of aluminium
  • Crystallization of anhydrous aluminium chloride from solution of HCL
  • Reaction of bauxite with coke and chlorine

On the basis of application, aluminium chloride market can be segmented into

  • Waste water treatment
  • Inks
  • Synthetic rubber
  • Lubricants
  • Wood Preservatives
  • Others

On the basis of end-use industries, global aluminium chloride market can be segmented into

  • Chemicals
  • Pharmaceuticals
  • Agrochemicals
  • Metal Production
  • Pulp & Paper
  • 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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2-EH Market is Estimated to Reach value of Approximately over US$ 12.0 Billion by the end of 2032

The 2-EH market is expected to exhibit a CAGR of 6.7% from 2022 to 2032. Throughout the projection period, the 2-EH market share is poised to reach a total revenue of US$ 12 Billion by 2032 by improving from the current valuation of US$ 6.3 Billion in the year 2022.

Massive amounts of 2-EH are produced across the globe which is utilized in the manufacturing of several types of plasticizers, such as phthalate and non-phthalate plasticizers. Among such types of plasticizers, phthalates are basically phthalic acids, and they are utilized in a wide range of end-use industries owing to their processing and performance characteristics.

During the upcoming years, FMI has anticipated that demand for 2-EH is expected to be significantly higher in several industries including automotive, construction, and remodeling along with original equipment manufacturers (OEMs).

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Key Takeaways

  • A prevalent rise is seen in the construction and paints & coating landscape which is expected to uphold the 2-EH market during the forecast period. Being one of the most commonly used chemicals, the 2-EH chemical is widely utilized in the manufacturing of an array of other industry-grade chemical components such as acrylate, plasticizers, and nitrate. These components are diversely applicable in several industrial landscapes including automotive, construction, plastic, pharmaceuticals, and rubber.
  • The growing automotive industry is gaining rapid traction in the 2-EH market. In addition to that, the paints and coatings industry is widely excelling as their application in the automotive industry is contributing to the rise in consumption of 2-ethyl hexanol across this industry.
  • Most of the stakeholders are concentrating on propelling their investment base in these end-use applications, which is resulting in surging growth of the construction and paints & coatings industries. These factors are expected to influence vital trends in the global 2-ethyl hexanol market in the coming years.
  • A significant rise in disposable incomes of consumers in developing countries such as the Asia Pacific region is responsible for triggering a plethora of construction activities and infrastructure development across these geographies. Among some of the most crucial raw materials of different construction materials, the demand for 2-ethyl hexanol is expected to remain high in the construction industry.
  • Phthalates account for more than half of the global consumption of plasticizers which has been noticed by the leading players in the 2-EH market. Additionally, they are aiming to capitalize on the growing sales of 2-EH in the phthalates industry.

Competitive Landscape

Just like any fragmented market, small and medium-sized businesses are predicted to face competition in the market. Prominent market leaders are focusing on catering to various end-use industries including building & construction, paints & coatings, marine, and transportation, in order to gain momentum in this landscape.

The rising presence of regional players along with global leaders in the 2-EH market is expected to dominate the market fragmentation across the forthcoming years. Key players are likely to focus on offering 2-ethyl hexanol for commercial construction and low-cost housing projects in the Asia Pacific to gain momentum in the region.

Small and regional players are gradually establishing a stronghold in the global landscape while leading market players are leveraging their large distribution networks to expand their customer bases.

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Key Companies Profiled

  • The Dow Chemical Company
  • Eastman Chemical Company
  • Azotowe KATMdzierzyn
  • Others

Key Segments In the 2-EH Market

By Type:

  • Sapphire
  • Ruby
  • Emery

By Application:

  • Plasticizers
  • Non-phthalate
  • Phthalate
  • 2-EH nitrate
  • 2-EH acrylate
  • Others

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

More Insights into the 2-EH Market

The Asia Pacific region is expected to dominate the global 2-EH market due to the growth of the 2-ethyl hexanol market wherein China is poised to remain the leading country by accounting for nearly half the revenue share of the 2-EH market in the Asia Pacific.

China is anticipated to emerge as the top market for 2-EH since several governing bodies in the country are working on boosting the infrastructures across various sectors. In addition to that, China is also expected to lead automotive production, opening new growth opportunities for the manufacturers.

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North America is the second largest market contributing around 13.7% to the overall revenue share of 2-EH. North America is expected to have a massive expansion due to the immigration growth driving up demand for homes, residences, and vehicles.

Europe is expected to showcase lucrative growth opportunities in the projection period, as European coating firms have been motivated to create multifunctional and sustainable solutions while also providing value-added services to their clients by the regulatory environment and end-user desires. Across the forecast duration, this trend is expected to accelerate in the favor of the 2-EH market.

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Automotive Oil Market is Projected to Accelerate at a CAGR of 2.7% to top US$ 68,279.6 Mn by 2032

The global automotive oil market is anticipated to reach a valuation of US$ 68,279.6 Mn by the end of 2032. The market is directly impacted by expansion of the automotive industry. Automotive oil is the most commonly used lubricant in vehicles. They ensure that vehicles run smoothly and thus automotive oils and lubricants are essential components of the automobile industry.

The market will profit from rising demand for automotive oils due to increasing need for vehicles across the globe. Engine lubrication materials like automotive oils help in boosting a vehicle’s performance. Its main functions are to reduce friction and remove gunk from engines. It also keeps the engine cool to ensure optimum functioning.

The automotive oil market is evolving as a result of rising consumer demand for high-performing, high-quality oil that will improve fuel efficiency and engine performance. The market is also expected to be supported by increasing usage of passenger cars and commercial vehicles, as well as rapid expansion of the transportation sector in emerging economies.

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“Urgent need to extend the life of engines, stringent vehicle pollution norms established by various government agencies, and production of low-viscosity engine oils to enhance fuel economy are anticipated to drive the global market,” says a FMI analyst.

Key Takeaways: Automotive Oil Market

  • The global market for automotive oil is projected to exhibit a CAGR of 2.7% between 2022 and 2032.
  • By grade, the mineral segment is expected to remain at the forefront and is estimated to account for about 7% of the global automotive oil market share by 2032.
  • By application, the light commercial vehicle segment is set to exhibit about 35% of the automotive oil market share by 2032.
  • Based on engine type, the diesel segment is estimated to grow at a CAGR of 2% over the forecast period.
  • China is likely to dominate the East Asia automotive oil market and is set to account for more than 70% of share in the region.

 Competitive Landscape: Automotive Oil Market

The market of automotive oil is estimated to be consolidated in nature and key players are expected to account for a considerable share of the market. Some of the top manufacturers include Dutch Shell, Valvoline, BP, ExxonMobil, Total, Fuchs Petrolub, Petronas, Chevron Corporation, Eni Gmbh, Castrol India, and Phillips 66 among others.

Key players are currently focusing on expanding their production capacities to increase their market presence all over the globe and to gain maximum revenue. Top players are also investing huge sums in innovating their existing product lines.

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Automotive Oil Market Outlook by Category

By Grade:

  • Mineral
  • Synthetic
  • Semi-Synthetic

By Engine Type:

  • Diesel
  • Petrol
  • Alternative Fuel

By Application:

  • Passenger Vehicle
  • Heavy Commercial Vehicle
  • Light Commercial Vehicle
  • Two Wheelers

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More Valuable Insights on the Automotive Oil Market

In its latest report, Future Market Insights offers an unbiased analysis of the global automotive oil market, and forecast statistics for the period 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented based on grade, engine type, application, and region.

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Shape Memory Polymer Market to Reach US$ 450.4 Million, Globally, by 2032 at 26.9% CAGR | Says FMI Analyst

The global shape memory polymer market is projected to grow at a CAGR of 26.9% between 2022 and 2032, according to a recently published study by Future Market Insights. As of 2022, the market is slated to be valued at US$ 450.4 Million. By the end of the 2022-2032 forecast period, the market is expected to be valued at US$ 3.5 Billion.

Shape memory polymers are smart materials that can change their shape in response to external stimuli. The materials find extensive use in automotive, biomedical and aerospace industry.

Biomedical industry is a key end-user of SMPs as they are employed in producing a plethora of diagnostic and surgical devices such as catheters, sutures, stents, braces, splints, prosthetics and grafts. Thus shape memory polymers (SMPs), as stimuli-responsive materials, have garnered worldwide fame.

Shape memory polymers are also intensively found in the construction industry and find use as self-healing materials in sensors or actuators or structural health monitors and vibration control systems. Their use in kinetic buildings will also hold significance to the industry. This, more so when the government is promoting an eco-friendly zone and green buildings to lower the carbon footprint and protect the environment.

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Key Takeaways from the Market Study

  • By application, research & development to be dominant category, reaching US$ 2 Billion by 2032
  • Shape memory polymers to be used extensively by automotive manufacturers, registering a 21% CAGR
  • By material, polyurethane shape memory polymers to accumulate 38% revenue in 2022
  • North America to emerge as the fastest growing market, clocking a CAGR of 26%
  • Latin America market is likely to experience a growth rate of over 10% by 2032
  • Asia Pacific to attract considerable investments, reaching a value of US$ 540 Million by 2032

With continued attraction for shape memory polymer product in end-user industries such as healthcare, biomedical, construction, automotive textile and aerospace, for changing contours dictated by random needs, and in a spate of lesser known applications, the product is poised to achieve growing market share in  forthcoming years”, remarks the FMI Analyst.

Competitive Landscape

The global shape-memory polymer market is fairly consolidated as the majority of the market share is divided among few players. Some of the key players in the market include BASF SE, COVESTRO AG, Evonik Industries AG, SMP Technologies Inc., and Spintech Holdings Inc., among others.

  • Asahi Kasei Corp. produces fiber products, chemicals, and electronic related materials based on its core discipline of chemistry, and globally pursues growth opportunities in the areas where they can leverage their technological expertise.
  • Covestro AG is a German company which produces a variety of polyurethane and polycarbonate based raw materials. Products include isocyanates and polyols for cellular foams, thermoplastic polyurethane and polycarbonate pellets, and polyurethane based additives used in the formulation of coatings and adhesives. It is a Bayer offshoot formed in the fall of 2015 and was formerly called Bayer Material Science, Bayer’s materials science division.

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Key Segments Covered in the Shape Memory Polymer Industry Report

Shape Memory Polymer Market by Material:

  • Polyurethane (PU) Shape Memory Polymer
  • Polyvinyl Chloride (PVC) Shape Memory Polymer
  • Acrylic Shape Memory Polymer
  • Epoxy Shape Memory Polymer
  • Other Shape Memory Polymer Material

Shape Memory Polymer Market by Application:

  • Shape Memory Polymer for Research & Development
  • Shape Memory Polymer for Commercial Applications

Shape Memory Polymer Market by End Use:

  • Shape Memory Polymer for Biomedical Use
  • Shape Memory Polymer for Automotive
  • Shape Memory Polymer for Aerospace
  • Shape Memory Polymer for Textile
  • Shape Memory Polymer for Other End Uses

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More Insights Available

FMI in its new offering, presents an unbiased analysis of the global shape memory polymer market, presenting historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

The study provides an in-depth analysis of the market on the basis of material ( polyurethane (PU), polyvinyl chloride( PVC), Acrylic, Epoxy, other ), Application ( R&D, Commercial), End-User ( Biomedical, Automotive, Aerospace, Textile, others ) across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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

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Cocoa Based Polyphenols Market will Reach a Valuation of over US$ 153.2 Billion towards 2032-end | FMI

The global cocoa based polyphenols market is set to witness an impressive growth rate of 5.8% over the forecasted years of 2022 to 2032. The cocoa based polyphenols market size is anticipated to reach a valuation of around US$ 153.2 Billion by the end of year 2032 from the current valuation of US$ 87.1 Billion in 2022.

Consuming polyphenols improves health and is also very successful at controlling weight resulting in its rising demand across several age groups. Recent developments in the cocoa based industry have shown the benefits of cocoa in nutritious goods owing to its large polyphenol content.

These beverages often characterized of having great immune-boosting properties. Adoption of ingredients like cocoa-based polyphenols in order to attract consumers have set the present market very lucrative for its growth.

Emerging organic trends in the market is witnessed to have fuelled the plant based polyphenols market. Cocoa based polyphenols market players have also surged the demand by emphasising on marketing the cocoa-based polyphenols product across global markets.

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Consumers’ acute worry for their general health and wellness as a result of the COVID-19 pandemic has led them to seek out healthier alternatives in food and drinks in an effort to strengthen their immune systems. Due to this reason, years following the outbreak of pandemic have witnessed a major boost in the cocoa based polyphenols market adoption trends along with other healthier alternatives.

Cocoa-based polyphenols market players are required to obtain approvals for their products in order to ensure that they are in compliance with environmental and health regulations that poses as a major hindrance for them.

Key Takeaways from Market Study

  • The overall growth of the global based polyphenols market is estimated to be around US$ 66.1 Billion over the forecast decade covering the years 2022 to 2032, by following the average CAGR of 5.8%.
  • The functional beverages segment is the most lucrative category for the coca based polyphenols market trends that occupies almost 32.7% of the revenue generated.
  • On the other hand the segment of the cocoa based polyphenols market for dietary supplements is exerting a rapid hike in growth owing to its growing popularity and wider supply of packaging products.
  • Asia Pacific is the emerging region for the coca based polyphenols market that contributes for more than 35% of the market share in the present market.
  • There is a rising trend of nutritional supplements in the North America region that is anticipated to drive the sales of cocoa based polyphenols in the US and Canada.

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Competitive Landscape

ADM, Barry Callebaut, Kemin Industries, Mars, Incorporated, Naturex S.A, Nutra Ingredients Limited, Polyphenols AS, Ajinomoto Natural Specialities, Sabinsa, BERKEM, and Diana Food are just a few of the major participants in the sector.

These companies are among the cocoa based polyphenols market key players that meet the rising demand from a variety of end-use sectors, including the food and beverage, healthcare, personal care, and pharmaceutical industries.

Recent Developments in the Global Packaging Market:

  • The Fytexia Company is offering a custom mechanism programme for choosing polyphenol supplies and blending them to develop recipes that are specifically tailored to the needs of users looking for natural sources of antioxidants to fortify their products with polyphenols. In 2019, Company launched Oxxynea O, a range of bioactive polyphenols that are extracted from natural plant products of fresh herbs, olive, grape, and cocoa.

Cocoa Based Polyphenols Market by Segmentation

By Application:

  • Functional Foods
  • Functional Beverages
  • Dietary Supplements
  • Others

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How is the Start-up Ecosystem in the Global Cocoa Based Polyphenols Market?

Due to expanding middle class and booming economy, the global market is becoming a source of substantial spending for consumers. Due to its highly fragmented and disorganized industry, the market is providing enormous development prospects to both local and foreign cocoa based polyphenols enterprises.

As evident from the new market research report on cocoa based polyphenols by FMI, several start-ups have emerged with a target of capitalizing on the growing preference for organic and natural food ingredients among urban people. Most of the new cocoa based polyphenols market players entering the sector are heavily relying on online channels for marketing and distribution of their products.

About Future Market Insights (FMI) 

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

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Lubricants Market is Projected to Accelerate at a CAGR of 4.5% to top US$ 248 Billion by 2032

The global lubricants market is set to witness an impressive growth rate of 4.5% over the forecasted years of 2022 to 2032. The lubricants market size is anticipated to reach a valuation of around US$ 248 Billion by the end of year 2032 from the current valuation of US$ 160.2 Billion in 2022.

Asia Pacific countries dominate the global lubricants market and it is also poised to retain the top position during the projected years as well. Major lubricant market players are also moving their manufacturing facilities to Asia Pacific as a result of the region’s availability of cheap labour, rising demand, and supportive governmental regulations.

Several of machine lubricants incorporate additive technology to give prevent ring belts, gear boxes, and crankcases from wear and tear. These are also employed in slow-speed cylinders because they enhance the performance. Discovery of such advantages is anticipated to augment the lubricants market opportunities in the days ahead.

Global lubricants market key players are conducting end-user-focused operations, which has resulted in a high degree of improvements in terms of shortened delivery timelines and superior machine oil usability.

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While, many regional lubricant producers have created low-level channels of product distribution with local vendors so they may concentrate on other areas. These activities include developing new products like WD 40 spray, cutting oil, Molykote 111 and other products.

Key Takeaways from Market Study

  • In absolute dollar terms, the overall growth of the global lubricants market is estimated to be around US$ 88 Billion over the next ten years.
  • The lubricants market size is poised to witness a growth rate of 4.5% during the years 2022 to 2032.
  • Automotive sector is the largest end use segment, generating more than half of the total demand for lubricants in the global market.
  • Asia Pacific remains the dominating market for the sales of lubricants. The net worth of the said market is estimated to be around US$ 74 Billion in the current year 2022.
  • The Current net worth of the lubricants market size I North America is figured out to be nearly US$ 30 Billion out of which 90% of the total revenue belongs to US.
  • The North America lubricants market is dominated by the US, and it will experience some positive growths over the coming years that take the overall valuation up to US$ 41.2 Billion by the end of year 2032.

Competitive Landscape for the Global Lubricants Market

Some of the well-known lubricants machinery market players are ExxonMobil Corp., Pennzoil, Quaker Chemical Corp., Royal Dutch Shell Co., JX Nippon Oil & Energy Corp., British Petroleum, Lukoil, Total S.A, Chevron Corp., Philips 66 Company, and Sinopec Corp. among others.

Large-scale lubricants market players are concentrating on marketing techniques as well as new product specifications and innovation. To cut costs and consumer delays, several lubricants businesses owners are also rethinking about their supply chains.

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How is the Start-up Ecosystem in the Global Lubricants Market? 

A significant number of newcomers in the global lubricant market are vying for attractive prospects in the worldwide market by forming strategic alliances to boost capabilities and broaden their reach into developing markets.

To attain sustainable company operations around the globe, start-ups in lubricant sector are continuously looking to build long-term contractual relationships with reliable partners. For entrepreneurs that capitalise on specialised markets and launch innovative items with attractive features, the market offers a number of lucrative chances.

Lubricants Market by Segmentation 

By Base Oil:

  • Bio-based Oil
  • Mineral Oil
  • Synthetic Oil

By Product Type:

  • Automotive Oil
  • Hydraulic Oil
  • Gear Oil
  • Compressed Oil
  • Greases
  • Metal Working Fluid

By End User Vertical:

  • Automotive
  • Industrial
  • Marine
  • Chemical
  • Oil & Gas
  • Aerospace
  • Others

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Recent Developments in the Global Lubricants Market:

  • Valvoline Company developed a new type of lubricant oil for engine of all-terrain vehicles in July 2021. It emphasizes on longer protection of internal components making it an attractive product in the global lubricants market.
  • ExxonMobil and Nissan Motor Corporation of India entered into an agreement in March 2021 for the vehicle aftermarket to market a wide range of lubricants complying with the recently adopted BS-VI emission rules.

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Firearm Lubricants Market: The firearm lubricants market has been exhibiting impressive growth since the last few years. This growth is projected to continue over the next years due to increasing use of firearm lubricants by military & defense and police & private security segments.

Aviation Lubricants Market: The aviation lubricants market has seen distinct actions and strategies being implemented by the key participants owing to the widespread usage of aviation lubricants in different application segments.

Aircraft Lubricant Market: Lubrication requirements of an aircraft are generally very critical due to the three factors that dominate aircraft design – need for high reliability, minimizing component weight & volume and ability to withstand extreme environmental conditions.

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

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Preclinical Imaging Market expand at a CAGR of 3.5% to reach a valuation of ~US$ 4.7 Bn by the end of the year 2032.

[256 Pages Report] The global preclinical imaging market is expected to be worth US$ 3.3 billion in 2022, and to grow at a CAGR of 3.5% to be worth US$ 4.7 billion by the end of 2032. According to a recent study by Future Market Insights, MRI imaging will lead the global preclinical imaging market with a market share of approximately 18.9% in 2021.

The global preclinical imaging market projected to reach a valuation of US$ 3.3 billion in 2022 and to grow at a CAGR of 3.5% to US$ 4.7 billion by the end of 2032.

Preclinical Imaging is used for imagining of living animals specifically for research purposes, research can be for drug development and other types. Imaging products are very important so as to observe the changes in organs, cell or a tissue these changes are observed in animals that respond to environmental changes or physiological changes. Imaging modalities are mostly non-invasive and in vivo and are considered to be important for studying animal.

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There are different types of modalities which are used for preclinical imaging such as CT imaging, MRI imaging, PET/SPECT imaging, multimodal imaging, optical imaging, ultrasound imaging, and photoacoustic (PAT) imaging.

Apart from above factors preclinical imaging market has huge growth potential and is expected to continue over the forecast period. Technological advancement in preclinical imaging and the increasing adoption of molecular imaging technology for drug development tool are some factors that are expected to drive the preclinical imaging market over the forecast period.

Moreover, companies are into collaborations with the biotechnology and pharmaceutical companies to increase its geographical footprint globally which is expected to drive the global preclinical imaging market over the forecast period.

Preclinical Imaging Market: Drivers and Restraints

The demand for preclinical imaging market is fueled by technical innovation and discretionary funding which is thereby expected to drive the demand for preclinical imaging market over the forecast period. In addition the increasing number of clinical research organizations (CROs), research and development institutes, biotechnology and pharmaceuticals companies and other end users are propelling demand for preclinical imaging products.

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Encouragement for research and development, huge investments by government for research and need for drug development is expected to witness robust market growth during the forecast period. Moreover increasing applications such as life sciences, cosmetic industry and others for preclinical products is another factor that is expected to drive growth of the global preclinical imaging market over the forecast period.

However, high cost of preclinical imaging systems and lack of awareness regarding preclinical imaging technology is expected to impede revenue growth of the preclinical imaging market over the forecast period.

Preclinical Imaging Market: Regional Overview

Geographically, the global Preclinical Imaging Market, is classified into regions namely, North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan (APEJ), Japan, Middle East and Africa (MEA).

North America dominates the global preclinical imaging market followed by Europe. North America and Western Europe regions are expected to witness robust growth due to increase in research and development and with the number of developed research infrastructure is expected to fuel the revenue growth in these regions. APEJ is expected to witness significant growth as compared to other regions and countries owing to government programs for preclinical imaging and funding for research and development expected to fuel market growth in this region. Moreover, rapidly expanding contract research organization in this region is expected to have a significant impact on the market growth.  However, increasing research and educational institutes may boost the growth of preclinical imaging market in these regions during the forecast period.

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Preclinical Imaging Market: Key Players

Some of the players operating in the market for preclinical imaging market are Bruker Corporation, Thermo Fisher Scientific, General Electric, PerkinElmer, Inc., VisualSonics, Inc., MILabs B.V., Siemens A.G., TriFoil Imaging, Mediso Ltd., and Agilent Technologies and others.

Preclinical Imaging Market: Segmentation

The global preclinical imaging market, is segmented on the basis of product type, by application, by end user and region.

Segmentation by Product Type

  • Medical Devices
  • CT Imaging
  • MRI Imaging
  • PET/SPECT Imaging
  • Multimodal Imaging
  • Optical Imaging
  • Ultrasound Imaging
  • Photoacoustic (PAT) Imaging
  • Reagents
  • Services

Segmentation by Applications

  • Oncology
  • Neurology
  • Cardiology
  • Inflammation
  • Infectious diseases

Segmentation by End User

  • Hospitals
  • Clinics
  • Research Institutes

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Barbituric Acid Market is Anticipated to Touch a Value of nearly US$ 31.04 Million in the year 2032

The world barbituric acid market is expected to reach around US$ 19.8 Mn by 2022.  Furthermore, with increasing adoption of barbituric acid in industries like pharmaceutical, plastic, polymer, textile, etc., the total demand for barbituric acid is likely to grow at a constant CAGR of 4.6 % between 2022 and 2032 for a total of over US$ 31.04 Mn by 2032.

Barbituric acid is predominantly used for the production of barbiturate drugs. Barbituric acid is an organic compound characterized by six membered ring structure and belongs to the class of pyrimidine family. One of the barbiturate drug produced using barbituric acid is riboflavin which is used as vitamin B2 nutritional supplement.

Barbiturate drugs have sedative effect on the central nervous system and are being prescribed for anxiety. These drugs act as central nervous system depressants and are used for the treatment of insomnia, epilepsy amongst others. Apart from its use as pharmaceutical intermediate, barbituric acid is also used as dye intermediate and as nutritional supplement.

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Global Barbituric Acid Market Drivers

A number of factors has led to the rise in consumption of barbituric acid. Though barbituric acid itself is not pharmaceutically active, one of its major application is for the manufacture of barbiturate drugs.

The rising prevalence of insomnia and the growing share of geriatric population is expected to drive the demand for barbiturate drugs which in turn is anticipated to generate significant demand for barbituric acid as an important raw material for its production.

The changing lifestyle and eating habits has affected the sleeping patterns amongst individuals. A major share of population suffers from insomnia, anxiety and other sleeping disorders, therefore there has been a greater demand for drugs which are being prepared from barbituric acid over the coming years.

Moreover, the growing healthcare spending and rapidly developing healthcare infrastructure across regions is anticipated to generate noteworthy demand for barbituric acid over the forecast period.

Global Barbituric Acid Market Restraints

One of the major challenge faced by the global barbituric acid manufacturers are the stringent regulations pertaining to the manufacture of the barbiturates drugs and other pharmaceutical products.

The use of the barbiturate drugs are being strictly monitored by the Drug Abuse Prevention and Control Act. The side effects with the usage of such drugs and regulations for its dosage and content is a major factor which is likely to impact the global barbituric acid market.

Global Barbituric Acid Market Trends

Apart from its major use for the manufacture of barbiturate drugs, barbituric acid is also used as a nutritional supplement for vitamin B2 deficiency. Barbituric acid is also increasingly being used as dye intermediate used in textile industry. Manufacturers of barbituric acid are generating significant amount of revenue from the exports to the developing countries globally.

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Global Barbituric Acid Market Participants

Some of the market participants identified across the value chain of global Barbituric Acid market are:

  • Hebei Chengxin Co., Ltd.
  • Ralington Pharma
  • Explicit chmicals pvt. ltd.
  • Zhengzhou Lifeng Chemical Co.,Ltd.
  • Danopharm Chemicals Pvt. Ltd.
  • CDH Druh House (P) Ltd.
  • Hunan HongQiang Chem Technology Development Co., Ltd.
  • Sparchem
  • Hem Corporation
  • GFS Chemicals Inc

The research report Barbituric Acid presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

Barbituric Acid also contains projections using a suitable set of assumptions and methodologies. The research report Barbituric Acid provides analysis and information according to market segments such as geographies, application, and industry.

Key Segments Profiled in the Barbituric Acid Industry Survey

By Grade:

  • Regular grade 98% (Industrial Grade)
  • High Purity Grade 99% (Pharmaceutical Grade)

By Application:

  • Pharmaceutical intermediate
  • Dye intermediate
  • Nutritional supplement

By End-Use Industry:

  • Plastics
  • Textiles
  • Polymers
  • Pharmaceutical
  • Others

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Global Barbituric Acid Market: Regional Outlook

In terms of regional perspective, the global barbituric acid market is anticipated to be dominated by Asia Pacific region. China is anticipated to hold noteworthy share the global barbituric acid market both in terms of production as well as consumption.

Regions such as North America and Europe are anticipated to witness rise in demand for barbituric acid owing to the increase in number of patients suffering from sleeping disorders and other diseases which are treated using barbiturate drugs. Japan, Middle East and Africa and Latin America are anticipated to hold relatively smaller share in volumes but are projected to witness robust growth in the forthcoming years.

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

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Palliative Care Market is projected to grow at a CAGR of 7.3% between 2022 and 2032, totaling around US$ 28,518.5 Mn by 2032

[300 Pages Report] In 2022, the global palliative care market is expected to be worth US$ 13,087.9 million. Palliative care is given to patients suffering from diseases such as cancer, congestive heart failure (CHF), CNS disorders, chronic pulmonary obstructive disease (COPD), and others, and it includes symptomatic relief for nausea and vomiting, diarrhoea, pain and anxiety, loss of appetite, and other symptoms. The overall demand for Palliative Care is expected to grow at a 7.3% CAGR between 2022 and 2032, reaching approximately US$ 28,518.5 million by 2032.

Palliative Care Market: Drivers and RestraintsIncreasing incidence of life-threatening diseases such as cancer, cardiovascular and infective diseases is anticipated to be the major growth driver for the global palliative care market. Other factors responsible for rise in global palliative care market can be growing number of palliative care centers worldwide, extending application for homecare, increasing number of qualified physicians for hospice & palliative care, expanding aging demographics etc. But the high cost of the treatment can be a major restraint for the global palliative care market.To remain ahead of your competitors, request for a sample – https://www.futuremarketinsights.com/reports/sample/rep-gb-5522

Less expansion of medical care facilities for old age group people in Asia Pacific and Middle East region, reimbursement scenario and less private or public funding to hospital facilities and other medical care centers act as a global restraint to the overall palliative care market. In the current scenario, the palliative centers and medical care or long term care centers are majorly focused on overall palliative care procedures that enhances healthcare quality in three critical ways: successfully soothes physical symptoms, fortifies patient-family-doctor correspondence and basic leadership and guarantees very much planned care crosswise over healthcare services & medical care or home care settings.

World Health Organization (WHO) defines palliative care as an approach to improve the quality of life of a patients and their families who are facing difficulties related to the fatal illness by providing a treatment for relieving the symptoms of an underlying disease/disorder. Whereas, Hospice care is a specific type of palliative care procedure to help the terminally ill patients to make their final months/days of life soothing and less painful.

Palliative care is provided to patients suffering from diseases such as cancer, congestive heart failure (CHF), CNS disorders, chronic pulmonary obstructive disease (COPD) and others, providing symptomatic relief for nausea & vomiting, diarrhea, pain & anxiety, loss of appetite and many more. International Association for Hospice and Palliative Care (IAHPC) have listed 32 essential medicines for the hospice and palliative care, including analgesics, antiemetic etc. Palliative care concentrates on furnishing patients with the alleviation of the side effects, stress, and worry of a genuine sickness irrespective of the diagnosis.

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The objective is to enhance personal satisfaction for both the patient and the family. Palliative care is given by a group of doctors, specialists, medical caretakers, and different masters, who cooperate with a patient’s different specialists to give an additional layer of help. It is fitting at any age and at any phase in a genuine ailment, and can be furnished alongside remedial treatment.

Palliative Care Market: Overview

The global market for palliative care is expected to flourish over the forecast period of 2017-2027 due to increasing awareness about physical, social and psychological, needs of patients with life-threatening diseases and their families. Majority of people receiving hospice care are the cancer patients, according to WHO.

Palliative Care Market: Region-wise Overview

Geographically, the global market for palliative care is classified into regions namely, North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. North America is expected to take greater share in global palliative care market because of good reimbursement and insurance coverage for palliative care services. Countries like Mexico in the Latin American region have more number palliative care centers for children.

Some of the key players and healthcare service providers in global palliative care market are: Center to Advance Palliative Care (CAPC), UCLA Health, National Hospice and Palliative Care Organization, VITAS Healthcare, CHI Franciscan, University of Washington (UW Medical Center & UW Medicine), Seymour Health, KEHPCA (Kenya Hospices and Palliative Care Association) & others.

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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The report covers exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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, macroeconomic 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.

Palliative Care Market: Segmentation

The global palliative care market has been classified on the basis of service type, end user and geography.

Based on service type, the global palliative care market is divided into following:

  • Private residence care
  • Hospice inpatient care
  • Hospital inpatient care
  • Nursing home and residential facility care
  • Others

Based on end user type, the global palliative care market is divided into following:

  • Hospitals
  • Home Care Settings
  • Palliative Care Centers
  • Long Term Care Centers & Rehabilitation Centers

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance

About FMI:

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

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Diamond Core Drilling Market Is Anticipated To Nearly Double By 2031, According To Future Market Insights

As per the findings of Future Market Insights’ (FMI) report, the diamond core drilling market is projected to experience positive growth over the forecast period. The market is poised to expand at over 6% CAGR on the account of increasing mining and construction activities across the globe.

Due to the need for improved infrastructure and to improve economic conditions, governments in numerous developing nations are increasing the construction and mining activities. This is expected to increase the adoption of diamond core drilling machines, spurring sales.

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With increasing demand for customized and automated drilling machines, the market is expected to reach the value of US$ 1.8 Bn in 2021. Growth in the market is attributed to the rising mineral production across developing economies, including India, China, and Japan.

As per FMI, the market registered an increase of 2% in 2021 registering year-on-year (YoY) growth at 5.2%. Due to rising rate of fatalities and accidents at constriction and mining sites, government is pushing the adoption of rig-operated drilling machines instead of hand-held.

Alongside this, technological advancements in industrial automation and demand for customized drilling machines, the market is expected to reach a shipment of 42,000 units during the forecast period (2021 -2031).

Key Takeaways from FMI’s Diamond Core Drilling Market Study

  • In terms of end-use, construction industry will hold majority of share however increasing mineral production rate across the globe will increase the application of diamond core drilling in mining industry
  • Due to stringent safety protocol and increasing fatalities in mining industries, adoption of rig-operated drilling machines is increasing, boosting segment growth
  • Based on drilling technique, stitch drilling is expected to account for lion’s share in global diamond core drilling market
  • Germany is expected to be one of the most lucrative market owing to the presence of leading companies
  • India is expected to witness lucrative growth opportunities backed by rising application in mining and construction industry
  • China will lead the East Asia’s diamond core drilling market owing to the favorable government initiatives to increase the adoption of automated drilling machines

“With surging application of diamond core drilling in construction and mining industries, end-users are focusing on efficiency and precision. To meet the growing requirement for increased productivity, key manufacturers are extensively adopting advanced and cutting-edge technologies for automation and customization. This will widen the growth prospects for manufacturers in the forthcoming years,” says the FMI analyst. 

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Competitive Landscape

Dominance of top five players has left the market consolidated, creating an entry barrier for new players in global diamond core drilling market. Adoption of inorganic growth strategies to gain exposure in the overseas territories is one of the major factor expected to create growth opportunities.

Future Market Insights identifies Hilti Corporation, Epiroc AB, Bogart Longyear, Robert Bosch, and Husqvarna AB among top 5 players of diamond core drilling market. Contribution of these top 5 players in global market revenue, collectively, is estimated to be around 13.6%.

Key manufacturers are focusing on technological advancement and product customization which is expected to expand their regional footprints in the industry, spurring sales.

For instance, Barsele Minerals Corporation, on 7th June 2021, announced the resumption of diamond drilling activities which included drilling for 3,000 meters to test orogenic gold and volcanogenic massive sulphides. Drilling exploration program is operated through joint venture with Agnico Eagle Mines Limited.

The company also announced the acquisition of Agnico Eagle’s indirect 55% interest in Barsele Project and upon completion of the drilling project, the company will take over Agnico Eagle Mines Limited, consolidating 100% control.

Also, in June 2021, another manufacturer, Tectonic Metals Inc. announced the company’s exploration plans, anchored by two oriented diamond drilling campaigns, Tibbs Gold Project and Seventymile Gold Project in Alaska. The company is using rotary air blast drilling to carry out the exploration program.

Get More Insights on Global Diamond Core Drilling Market

The research report analyzes demand for diamond core drilling across the globe. The diamond core drilling market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends & market background. As per Future Market Insights’ research scope, the market has been analyzed on the basis of operation type, drilling type, drilling technique, end use, and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply side and demand side.

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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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