Germany Acid Proof Lining Market is Set to Witness an Uptick Size USD 7.605.3 Million to 2026 | Says FMI Analyst

The industrial use of acid proof lining in coating the floor tiles of various manufacturing units is expected to fuel the growth of Germany’s acid proof lining market. The rising necessity of providing durable solutions to industrial infrastructure is observed as a key driver for the growth of the Germany acid proof lining market.

Furthermore, the mounting private equity investments will continue to boost the growth of the Germany acid proof lining market. However, the high costs of veneering industrial surfaces will be a major challenge hampering the demand for expensive yet highly-durable acid proof lining types such as carbon brick coating.

The need for protecting industrial surfaces exposed to corrosive chemicals will continue to influence the demand for acid proof lining in Germany. In 2016, the acid proof lining market in Germany is expected to reach market value of US$ 4,296.2 Mn, at a y-o-y growth of 5.1% over 2015.

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The rising incidences of industrial equipment damages owing to the mechanical abrasion is also anticipated to drive the demand for acid proof linings in Germany. On the basis of material-type, the acid proof lining market in Germany will witness the fastest growth in the thermoplastics lining segment.

In 2015, the thermoplastics lining segment is estimated to have accounted for over 25% of total market share in Germany’s acid proof lining market. By the end of 2016, the share of thermoplastics lining segment is expected to grow at a substantial rate, closing in on the ceramic brick lining market share, which accounted for 34.8% in 2015.

The acid proof lining market in Germany is further segmented on the basis of end-use industries. Owing to the pervasive need of acid proof lining for protection against chemical abrasion, the chemical industries in Germany are expected to dominate the end-user segment with 29.3% market share in 2016.

The water treatment facilities and power generation plants in Germany are also anticipated to fuel the demand for durable acid proof lining. In order to expand the scope of application, the market for acid proof lining in Germany is undergoing reforms that favour manufacturers. Small acid proof lining manufacturers will continue to emerge, owing to the low entry barriers.

The leading companies in Germany’s acid proof lining market will expand their business operations to meet the surging adoption levels of acid proof linings from end-use industrial verticals such as metallurgy, pharmaceuticals, and automotive manufacturing.

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The key players of the Germany acid proof lining market include:

AGRU Kunststofftechnik GmbH, Steuler-Kch GmbH, SKO Säureschutz und Kunststoffbau GmbH, GBT-BÜCOLIT GmbH, Christen & Laudon GmbH Kunststoff – Apparatebau, A-SPT Protective Solutions GmbH & Co. KG, Knapper Oberflächentechnik GmbH, Nittel GmbH & Co. KG, , Hurner-Funken GmbH and Simona AG, among others.

Key Segments Covered

By Material Type:

  • Ceramic Brick Lining
  • Carbon Brick Lining
  • Tile Lining
  • Thermoplastics Lining
  • Fluoropolymer Lining

By End-use Industry:

  • Power Generation
  • Chemicals
  • Pharmaceuticals
  • Petrochemicals
  • Metallurgy
  • Water Treatment & Processing
  • Others (Automotive, etc.)

Long-term Outlook: The Germany acid proof lining market is projected to register a CAGR of 5.9% during the forecast period 2016-2026. In terms of value, the acid proof lining market in Germany will reach US$ 7.605.3 Mn by end of the forecast period.

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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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Marine Trenchers Market High State Of Affairs, SWOT Analysis, Business Summary and Forecast 2032 

By 2022, the market for marine trenchers is anticipated to be worth more than US$ 125 Mn, growing at a CAGR of 5.2% from 2022 to 2032. By the end of 2032, it is anticipated that there will be a US$250 Mn demand for marine trenchers. Sales of marine trenchers are expected to be supported by expanding marine exploration operations and expanding marine telecommunication infrastructure and network configurations.

A trench is a particular kind of excavation or depression on the earth’s surface or subsea environment. Trenchers are construction tools that are used to dig trenches, particularly for tasks like laying electrical wires and constructing water or other fluid pipes. Marine trenchers, which come in a variety of varieties and are used for a variety of purposes in the marine sector.

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To lay cables and pipelines underwater, marine trenchers dig a trench beneath the water. Jet trenching and mechanical trenching are two popular technologies used by this maritime equipment. Leading companies are placing more emphasis on the introduction of novel, application-specific marine trenchers like cable ploughs, pipeline ploughs, and rock trenchers as marine construction activities increase. This is anticipated to cause the demand for marine trenchers in the global market.

Marine trenchers are becoming more and more common in the marine industries for use in a variety of trenching, excavating, and ploughing tasks. A growing number of undersea building projects in nations including the United States, the GCC, India, Japan, Australia, and others are driving the market need for marine trenchers.

The need for power and electricity generation is rapidly increasing around the world as the trend of industrialization and automation continues to make deeper inroads across the different manufacturing industries. Additionally, worries over environmental sustainability and the rising cost of petroleum goods are refocusing attention on the creation of green energy from renewable sources like wind, water, and solar.

What are the Market Challenges for Marine Trenchers?
Regulating bodies around the world, like the Bureau of Ocean Energy Management, are enforcing strict regulations regarding offshore exploration activities in response to growing concerns about marine life and growing awareness of the adverse effects of offshore oil & gas exploration activities on the sea. This is one of the main things stopping people from buying marine trenchers.

Additionally, marine trenchers’ exorbitant initial cost as well as their high component replacement rate and maintenance costs (since these equipments operate in highly corrosive environments) are limiting market expansion.

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Key Segments Profiled in the Marine Trenchers Market Survey

By Type:

  • Pipeline Ploughs
  • Cable Ploughs
  • Rock Trenchers

By Technology:

  • Mechanical Trenchers
  • Jet Trenchers

By End Use Industry:

  • Oil & Gas
  • Telecommunication
  • Tidal Energy

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and 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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India High Pressure Processing Equipment Market Is Growing At A 7.5% CAGR By End 2026

The size of the global high pressure processing system market is anticipated to exceed USD 430 million, with a volume CAGR of 12.3% between 2016 and 2026 and a value CAGR of 13.7% over the same period. The adoption rate of HPP equipment for cold pasteurisation in F&B industry is one the major parameters based on which the global market size has been calculated.

Between 2016 and 2026, the market for high pressure processing equipment in India is expected to decline by more than 100 BPS, registering a CAGR of 7.5% during the assessment period. In the coming years, it is anticipated that the growing urban population in Asia Pacific will generate a sizable market for ready-to-eat food, which will drive sales of high pressure processing equipment.

The report claims that Hiperbaric S.A., a well-known manufacturer of high pressure processing equipment, is the current market leader due to its firm grip on the North American region.

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In its latest report, Future Market Insights (FMI) has identified few of the major trends governing the overall market for high pressure processing equipment (HPPE). In brief, rapid adoption of high pressure processing technique among premium juice manufacturers, automation and technological innovation and growing number of HPP tolling service providers are playing a major role in shaping the market trajectories currently.

FMI’s Insights on Growth Factors

  • FMI indicates that the growing demand for processed, packaged and ready-to-eat food products worldwide is encouraging the use of high pressure processing equipment in food and beverage industry.
  • Growing health concerns and increasing awareness amongst consumers on health benefits from “clean label” food is projected to influence the market growth during 2016 to 2026.
  • Implementation of stringent regulatory norms pertaining to food safety, especially in North American and West European countries are compelling food processing companies to install efficient HPP equipment in processing plants.

Horizontal Vessels — Leading Arrangements Type Segment

Based on vessel arrangements type, the horizontal vessel is expected to be the predominant segment of the market in terms of value over 2026. Growing demand for horizontal vessel arrangements is expected to make a significant contribution to the overall market growth. Horizontal vessels possess easy loading and unloading operations with a high volume capacity, hence, have a higher preference in the market.

By applications, the meat is the largest segment in the market both in terms of value and volume. Whereas, the juice & beverage segment is anticipated to witness the fastest growth in terms of value during the forecast period.

Based on capacity, demand for above 300 litres vessels or containers is expected to gain traction over the next couple of years. Despite their high cost, above 300 litres vessels segment is projected to register a strong CAGR due to their high holding capacity.

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Based on the regional analysis, the market in North America will continue to lead the pack during the forecast period. In 2016, the region accounted for over 40% share of the market followed by Europe. In addition, both the regions collectively accounted for nearly 75% share of the market in terms of value in 2016. Owing to a substantially high demand for HPP equipment from tolling services providers and their growing application base across various end-use industries, the HPP equipment market is flourishing in the region of North America. In Asia Pacific, particularly China is set to witness a robust adoption of HPP equipment in various industrial domains over the next few years.

Competitive Dashboard

Apart from Hiperbaric S.A, Stansted Fluid Power Ltd, Multivac Group, Bao Tou KeFa High Pressure Technology Co., Ltd, Avure technologies, and Kobe Steel, Ltd., are some of other key players operating in the global market for high pressure processing equipment.

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High Pressure Processing Equipment Market Survey by Category

By Application:

  • Fruits & Vegetables
  • Juice & Beverages
  • Meat
  • Sea Food
  • Other

By Product Type:

  • Below 100 Liters
  • 100 Litres-300 Liters
  • Above 300 Liters

By Vessel Arrangement:

  • Vertical
  • Horizontal

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

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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Extrusion Press Market 2022 Key Players, SWOT Analysis, Key Indicators and Forecast to 2032

During the prediction era, Future Market Insights adopted a multidisciplinary approach to shed light on the success and progress of the Extrusion Press Market keytrends The study poses a profound plunge into the current growth dynamics and their major revenues of 2020, with key prospects over the forecast.
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RESEARCH REPORTS

Extrusion Press Market Overview By Increasing Demand, Potential Opportunities And Sales 2028|Tecalex,UBE Machinery Corporation, Ltd.,Eagle Extrusion Pvt. Ltd.,DANIELI,SPM Controls, Kautec Solutions.

Impact of COVID-19 on Industrial Automation Market

COVID-19 pandemic has caused a severe impact on the global economy at various levels and the impact is seen on the Industrial automation market as well. This thriving sector is expected to offset a sharp decline in sales during the lockdown when the manufacturing units experienced shutdowns and a dearth in raw materials supply and absence of human resources. Inferable from the emergency brought about by the pandemic, the production, and supply chain activities have experienced a minor slump. However, the market is expected to gradually recover post-COVID-19, which will present attractive opportunities for sales within various regions of the world in the coming years.

The analysts at Future Business Insights have leveraged extensive rounds of critical and detailed secondary research to arrive at different Extrusion Press Market forecasts and predictions, both national and international levels. They have utilized various industry-wide unmistakable business merge estimations, figures, and market information into income assessments and projections in the Extrusion Press Market.

Key Players 

Extrusion Press Market: Key Participants

Some of the market participants in the global extrusion press market are:

  • Tecalex
  • UBE Machinery Corporation, Ltd.
  • Eagle Extrusion Pvt. Ltd.
  • DANIELI
  • SPM Controls
  • Kautec Solutions
  • Presezzi Extrusion S.p.A.
  • Sidhanath Hydraulics

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Segmentation 

On the basis of type, the global extrusion press market has been segmented into:

  • Short Stroke Extrusion Press
  • Long Stroke Extrusion Press

On the basis of process, the global extrusion press market has been segmented into:

  • Direct Extrusion
  • Indirect Extrusion

On the basis of operating temperature, the global extrusion press market has been segmented into:

  • Hot Extrusion
  • Cold Extrusion

On the basis of material, the global extrusion press market has been segmented into:

  • Metals
  • Ceramic
  • Plastic

Product Segmentation 

The investigation offers a top to bottom evaluation of different clients’ journeys pertinent to the market and its segments. The study endeavors to assess the current and future development possibilities, undiscovered roads, factors that shape their income potential in the global market by breaking it into di such as its types, applications, and region-wise assessment.

By Type 

  • Applications
  • Regions Covered
  • Insights in the Report
  • Full in-depth analysis of the parent market

FMI analysts follow industry-wide, quantitative customer insights and methodologies for demand projection to produce results. The study not only provides estimations and projections but also a clear evaluation of these figures on the market dynamics.

  • Important changes in market dynamics

The report was curated after observing and analyzing various strategies that determine regional growth, such as the monetary, ecological, social, mechanical, and political status of the demography in question. The data on sales, output, and producers of each region has been analyzed thoroughly before producing.

  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets

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Table of Content 

Executive Summary

Market Overview

Key Success Factors

Global Extrusion Press Market – Pricing Analysis

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Briquetting Press Market Is Anticipated To Nearly Double By 2028, According To Future Market Insights

Briquetting press is a machine that uses massive pressure to squeeze feeding material into sticks or square blocks. It is also called as a briquette machine or briquette maker. A briquetting press is utilized around the globe for its irreplaceable advantages such as better waste management, cost-effectiveness, metal chip recycling, and better handling of residual materials.

Furthermore, different types of materials are used as feeding materials in briquetting presses such as metals, wood, paper, plastics, biomass, etc. Briquettes of different materials have different applications and are used for residential, commercial, and industrial purposes.

Additionally, government regulations and support for the use of renewable energy sources and advantages of biomass briquettes over other fuels is increasing the demand for biomass briquettes in various end-use industries. This factor is expected to significantly drive the biomass briquetting press market.

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However, low maintenance and long life span of briquetting press lead to a low substitution rate. Additionally, hydraulic and screw briquetting presses require high maintenance and initial investment to setup a briquetting plant. This factor is anticipated to hamper the growth of the briquetting press market over the forecast period.

Regional Outlook

The Asia Pacific region is projected to be a prominent region in the briquetting press market owing to the increasing demand from manufacturing industries for metal briquetting presses and biomass briquettes. Countries such as China, India, and Japan are expected to have significant growth in the briquetting press market due to the government initiatives for the use of renewable energy sources in the region. The increasing government regulations related to waste management and renewable energy sources such as biomass briquettes, in Europe, are projected to create demand for new briquetting presses in the region over the forecast period.

North America is expected to have significant growth in the briquetting press market owing to the growing production and consumption of biomass briquettes and the increasing demand for metal briquetting presses in different manufacturing and metal processing industries. Middle East & Africa and Latin America regions are anticipated to have promising growth in the briquetting press market over the forecast period.

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)

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By Segment:

The briquetting press market can be segmented into product type, mode of operation, power supply, feeding material, end use, and region.

On the basis of product type, the global briquetting press market is segmented into:

  • Mechanical Briquetting Press
  • Screw Briquetting Press
  • Hydraulic Briquetting Press

On the basis of mode of operation, the global briquetting press market is segmented into:

  • Automatic
  • Semi-automatic
  • Manual

On the basis of power source, the global briquetting press market is segmented into:

  • Electric
  • Fuel

On the basis of feeding materials, the global briquetting press market is segmented into:

  • Metals
  • Wood
  • Biomass
  • Plastics
  • Paper

On the basis of end use, the global briquetting press market is segmented into:

  • Residential
  • Commercial
  • Industrial

A briquetting press is used to form briquettes from different types of materials. These are directly used in the boilers of sugar mills, paper mills, dyeing houses, leather and oil extraction plants, etc. They can also be used in furnace & foundries for heating & melting metal, brick kilns, as well as for residential & commercial heating purposes. Biomass briquettes are an eco-friendly and renewable power source and used as a fuel for many industrial purposes. The rising demand for briquettes from different end-use industries and sectors is projected to push the growth of the briquetting press market over the forecast period.

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Market Participants

Some of the market participants in the global briquetting press market are:

  • WEIMA Maschinenbau GmbH
  • Metso Corporation
  • Ruf GmbH & Co. KG
  • Advance Hydrau-Tech Pvt. Ltd.
  • MA.FER MACCHINE Srl
  • F. Nielsen
  • PRODECO S.r.l.
  • IMABE Iberica, S.A.
  • Jay Khodiyar Group
  • Ronak Agrotech Engineering Pvt. Ltd.
  • Radhe Industrial Corporation
  • SMS group GmbH
  • LEHRA FUEL TECH PVT LTD
  • Fote Heavy Machinery Co., Ltd.

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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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Textile Flooring Market to Receive Overwhelming Hike USD 301.52 Billion in Revenues by 2029 | Says FMI Analyst

A new market research report by Future Market Insights on the textile flooring market includes global industry analysis for 2018–2021 and opportunity assessment for 2022–2029. The report inspects the textile flooring market and provides insightful information for the forecast period of 2022-2029.

As per the conclusion of the report, the global textile flooring market is projected to experience significant growth during the forecast period. Rising consumer confidence, increasing disposable incomes, and intensifying demand for luxury flooring options due to booming residential and commercial sectors are the factors expected to contribute towards the textile flooring market growth in the upcoming years.

The global textile flooring market is estimated to be valued at US$ 190.26 Bn in 2022, and is projected to register robust growth of 6.8% during the period 2022 – 2029. This growth is predominantly driven by the textile industry growth.

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Over the past few years, consumption of textiles and furnishings for homes has witnessed consistent growth, driven by factors such as rising consumer spending on home renovation, accelerating investments in infrastructural development, and rising demand from Asian countries such as India, China, South Korea, and Indonesia.

The study finds that the rapid development in the residential sector across the globe are expected to surge demand for textile flooring for numerous applications in these sectors. Briefly, the global textile flooring market will continue to grow at a CAGR of 6.8% during 2022-2029.

Rising Attractiveness of the Asia Pacific Market

The textile industry in the Asia Pacific region has registered substantial growth in the last few years, owing to rising demand from various end-use industries. Strict quality control, advanced production technologies, and customer & fashion-oriented marketing tactics are several dynamic factors attributing to the current boom in the textile flooring market.

Along with this, competitive price performance ratio compared to other materials is also boosting the market growth. Robust growth in the healthcare sector has led to demand for flooring systems for specific application types. Moreover, increasing popularity of ‘artificial grass’ in outdoor lawns and sports fields is expected to further drive sales of textile flooring in the Asia Pacific region during the forecast period.

Textile Flooring Market: Vendor Insights

The report highlights some of the key market leaders, who are well-established market players and have proven themselves as the prominent shareholders in the global textile flooring market.

Some examples of key players operating in the global textile flooring market are Mohawk Industries, Inc., Interface, Inc., Beaulieu International Group N.V, Tarkett SA, Balts Group, Shaw Industries Group Inc., Forbo Holding AG, Mannington Mills, Inc., J+J Flooring Group, and Vorwerk and Co. KG, among others.

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In terms of market structure and tier analysis, the global market for textile floorings is fragmented with the top 10 players holding a 35%-40% share in the overall market. This is mainly due to the reason that there are a large number of Chinese and other players involved in the manufacturing of textile floorings. Major players in the market are focusing on expansion plans to enhance production capacities and upgrade operations.

Textile Flooring Market By Category

By Material Type :

  • Synthetic Textiles
    • Polypropylene
    • PET
    • Acrylic
    • Nylon
  • Animal Textiles
    • Wool
    • Fur
  • Plant Textiles
    • Grass
    • Sisal

By Product Type :

  • Rugs
  • Carpets

By Technology :

  • Tufting
  • Woven
  • Needlefelt

By Application :

  • Residential
  • Commercial
  • Others (Industrial, etc.)

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Synthetic Textiles to Experience High Demand in the Market

A healthy growth trajectory is projected for the textile flooring market. In addition, rising use of synthetic textiles in residential sector is likely to result in increased market share over the forecast period.

  • Synthetic textiles are widely utilized for the production of textile flooring. Synthetic textiles are projected to register significant growth in the global textile flooring market during the forecast period. Synthetic textile-based flooring is one of the key components of interior refurbishment systems used in residential and commercial spaces.
  • Growth of textile flooring based on tufting technology is mainly attributed to the fact that it is the most commonly accepted technology by manufacturers in terms of manufacturing cost, as well as easy installation and ease of use by consumers.

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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 7-years.

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Commercial Refrigeration Equipment Market Size Predictions : US$ 68.3 Bn in 2028

The global commercial refrigeration equipment market is anticipated to reach a valuation of US$ 68.3 Bn by 2028 while progressing at a CAGR of 4% (2022-2028). The market for commercial refrigeration devices is anticipated to rise at a CAGR of 4% over the forecast period. With sales of commercial refrigeration equipment enjoying Y-o-Y growth of 3.9% in 2022, the market is expected to be worth US$ 51.8 Bn by the end of the year.

Utilizing energy-green technologies to provide products with low global warming potential (GWP) but rich functionalities will ultimately be the price to capturing a sizable market share.

The benefits NH3/CO2 cascade systems provide for food processing and low-temperature distribution facilities are expected to gradually increase demand for these systems. These advantages include low operating costs, lower capital and compliance costs, ideal food quality, and increased throughput (since they use less energy per tonne of refrigeration compared to other systems).

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The rising popularity of frozen food products and ready-to-drink beverages, which drives the commercial refrigeration equipment market, is one of the key reasons for a responsible year-on-year increase.

The food and beverage industry is a major end-use sector for commercial refrigeration equipment and systems. Investments in the food and beverage industry are expected to grow significantly over the forecast period as the global population grows and food demand rises.

Sales of equipment including industrial refrigerators, commercial freezers, and other refrigeration units are anticipated to increase in response to the rising demand for ready-to-eat food and beverages.

Commercial Refrigeration Equipment Market Key Takeaways

  • Growing demand for ready-to-eat products and expanding retail outlets are driving the sales of commercial refrigeration equipment.
  • North America and Europe would collectively account for over half of the market value share by 2029 end.
  • The food services sector will remain prominent application area to invest in, for commercial refrigeration equipment market players.
  • The enforcement of new refrigerant regulations such as the EPA 680 Upgrade, and the Kigali Amendment for the phase-down of HFC refrigerants will largely impact the market growth.
  • The higher average unit cost of freezers & refrigerators allude lower volume sales vis-à-vis value gains, with just about 2.6 million unit sales in 2021.
  • Glass door merchandizers that account for around a third of total volume sales continue to see relatively low revenue generation as compared to freezers & refrigerators.
  • Sales of beverage dispensers and display cases across end-use industries will show a moderate increase year-over-year in 2022, which will collectively represent nearly 16% of total commercial refrigeration equipment sales in that year.

Manufacturers who are keeping the innovation quotient high and providing turn-key solutions to meet regulatory requirements, with safety to end users at the core, will be rewarded in the long run.

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Chinese Players Striving to Win Home Market​

In developed markets, rapid acceptance of alternative refrigerants to benefit from regulatory standards along with expansion of F&B processing industries continue to contribute to the development of the commercial refrigeration equipment market.

The growth of Asia Pacific’s commercial refrigeration equipment market was influenced by a shift of Asian eating habits towards western-style convenience food. With the ability to manufacture their own compressors, Chinese companies are gaining competitive edge to reign supreme in their home market with indigenous brands.

Competition Trends

In 2021, the top four stakeholders including Carrier Corporation, Daikin Industries, Ltd., Danfoss A/S, and Hussman Corporation collectively accounted for 20-25% revenue share. The emergence of a large number of small players in developing countries has resulted into price competition, with leading market players losing their profit margins. Market fragmentation will continue through 2029, driven by regional regulatory norms and enhanced capabilities of the local players.

Key Segments Of Commercial Refrigeration Equipment Industry Survey

Commercial Refrigeration Equipment Market by Product Type:

  • Beverage Refrigerators
    • Drinking Fountains
    • Soda Fountains
    • Beer Dispensing Equipment
    • Beverage Coolers
  • Freezers & Refrigerators
    • Freezers & Chillers
      • Blast Chiller/Stock Freezers
      • Contact Freezers
    • Refrigerators
      • Walk-in-Refrigerators
      • Reach-in Refrigerators
  • Transportation Refrigerators
    • Commercial Refrigeration Equipment for Trailers
    • Commercial Refrigeration Equipment for Trucks
    • Commercial Refrigeration Equipment for Shipping Containers
  • Glass Door Merchandizers
    • Hinged Doors
    • Sliding Doors
  • Display Cases
    • Ice Cream Cabinets
    • Bakery/Deli Display
  • Beverage Dispensers
  • Refrigerated Vending Machines
  • Ice Machines
  • Ice Cream Machines

Commercial Refrigeration Equipment Market by Application:

  • Commercial Refrigeration Equipment for Food Services
  • Commercial Refrigeration Equipment for Food & Beverage Retail
  • Commercial Refrigeration Equipment for Food & Beverage Production
  • Commercial Refrigeration Equipment for Food & Beverage Distribution

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Soft Touch Polyurethane Coatings Market to Achieve A High CAGR Of 7.0% during Forecast Period by 2031

Driven by adoption of ultra violet (UV) curable polyurethane (PU) dispersion coatings and growing preference for water based formulations, the soft touch polyurethane coatings market is forecast to reach valuation of US$ 6430 million by the end of 2021.

As per newly released data by Future Market Insights (FMI), global sales of overall soft touch polyurethane coatings market enjoyed year-on-year (YoY) growth of 3.50% in 2021 to total 313 kilotons. The sales are expected to grow 1.97X and reach 617 kilotons by the end of 2031, says Future Market Insights.

Soft touch polyurethane coatings are all-rounder in terms of application as they are extensively used in coating automotive and aircraft interior components like arm rest, door trims and front control panels to protect them from constant wear and tear.

Increasing adoption of ABS plastics in making automotive interiors will accelerate the demand for soft touch polyurethane coatings in upcoming years. They also play an integral role in improving overall look and design of consumer electronic devices like mobiles and laptops while simultaneously protecting them from scratches.

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The cover and body of consumer electronics are required to have organoleptic properties. Increased demand for high quality covers has led to an increase in demand for soft touch polyurethane coatings for its properties like resistance to yellowing, scratching, and abrasion.

Key Takeaways from FMI’s Soft Touch Polyurethane Coatings Market Study

  • North America soft touch polyurethane coatings market is forecast to expand at 5.10% CAGR during the assessment period owing to rising cases of insect infestation among American household and thriving wood work and furniture industry in U.S. and Canada.
  • Europe soft touch polyurethane coatings market will grow at 5.8% CAGR from 2021 to 2031, driven by rising production of automotive interiors made from acrylonitrile butadiene styrene (ABS) and elevated export and production of soft touch polyurethane coatings in the region.
  • Japan and South Korea will hold more than 14% of the global market share in 2021, backed by increasing production and demand of electronic components made in these countries and strict regulations regarding control emission of VOCs in these regions.
  • Ultraviolet soft touch polyurethane coating segment is expected to grow at more than 8.1% CAGR throughout the forecast period due to its high demand of such coatings in packaging industry due to its chemical inertness and eco-friendly characteristics.
  • The transport and automotive segment is predicted to account for more than 37% of global soft touch polyurethane coatings market share due to increasing demand for luxurious and rich look interior among car enthusiasts.

“Rising production of premium electronic products and increasing demand for scratch resistant and drop resistant coatings to protect these products is expected to spur the soft touch polyurethane coatings sales,” says the FMI analyst.

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Soft touch polyurethane coatings are highly effective in protecting wooden items from decaying and pest infestation. 

Stringent government regulations imposed to reduce the emission of volatile organic content (VOC) is prompting the market players to develop environment friendly coatings. In 2019, Environment Protection Agency New England has mandated manufacturing facilities to reduce its VOC emission by making process changes and installing air pollution control equipment’s.

This is expected to bode well with the market growth in upcoming years. Many market players are switching from solvent based coating to producing water based coating as solvent based coatings has high VOC content.  Increasing research and development for sustainable water based coating production while eliminating side reactions will boost the market growth over the forecast period.

Competitive Landscape

Future Market Insights reports that, leading market players are focusing on employing organic and inorganic strategies to expand their market shares and enter new and emerging markets. These strategies include strategic merger and acquisition, partnership, and new product launches.

For instance, in June 2021, AkzoNobel announced to acquire Colombia-based paints and coatings company Grupo Orbis to strengthen its long term market position in South and Central America.  This will allow AkzoNobel to expand its product portfolio and solidify its position as the market leader in the region.

In January 2021, Allnex launched new polyurethane coating “DAOTAN 7061/35WA” especially designed for automotive OEM and vehicle refinish coating segments.

Prominent players operating in the soft touch polyurethane coatings market are:-

  • RPM International Inc.
  • The Sherwin Williams Company
  • PPG Industries Inc.
  • Axalta Coating Systems Ltd.
  • Jotun AS
  • AkzoNobel N.V.
  • Aexcel Corporation
  • Sokan New Materials.

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More Insights on the Global Soft Touch Polyurethane Coatings Market

In its latest report, FMI offers an unbiased analysis of the global soft touch polyurethane coatings market, providing historical data for the period of 2015-2025 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 base type (water-based and solvent-based coatings), product type (2K and ultraviolet polyurethane coatings), end use (transport and automotive, electrical and electronics, wood and furniture, and others (packaging, measuring devices)), across seven major regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan, and Middle East and Africa).

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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Industrial Fryers Market : Notable Developments & Geographical Outlook 2022 to 2032

Industrial fryers Market overview are kitchen appliances commonly used in the food industry to fry consumables such as pre-cooked snacks, potato products and breaded meats. In industrial fryers, a grid type bunch with hollow pipe are used to properly supply of heat from source to pan to efficiently fry the products. The oil, stored in a pan or container, is heated up to 600 degree centigrade to fry the food products. Industrial fryers, after a certain duration of operation, are cleaned with the help of cleaning agents, carbon di oxide, water and mist.

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Chips & crisps are popular snacks and thus, crisp & chip makers are expected to account a noteworthy share in the global industrial fryers market. Therefore, it can be inferred that the industrial fryers market is correlated to the chips & crisps market. The changing consumer preference towards flavored fried products, coupled with the rising awareness pertaining to fatless fried crisps, is expected to upsurge the sales of industrial fryers in the coming years. Among the two types of industrial fryers, i.e. electrical and gas, electrical industrial fryers are relatively more efficient, reliable and compact as compared to gas industrial fryers.

Industrial Fryers Market: Dynamics

Rising consumption of oil fried or dry fried fast foods such as potato chips and meat, coupled with the rising awareness pertaining to fatless fried fast food, is expected to drive the industrial fryers market on a global level. Furthermore, the increasing number of government regulations aimed towards improving the quality of oil fried products is also estimated to drive the growth of the global industrial fryers market. For instance, the

In many developing countries, farmlands are rapidly being acquired for industrial or business purposes, which in turn is indirectly suppressing the overall output of the agriculture sector, subsequently hindering the growth of the industrial fryers market.

Players engaged in the manufacturing of chips and crisps are expanding their manufacturing capacities in developing as well as develop countries in order to cater to the growing demand and bridge the gap between the supply and consumption of oil fried products. For instance, McCain Foods has expanded its potato processing plant in Idaho, U.S., to ramp up its business and make a surplus quantity of oil fried or dry fried products.

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Industrial Fryers Market: Segmentation

By product type, the global industrial fryers market has been segmented as:

Electric Industrial Fryers
Gas Industrial Fryers

By capacity, the global industrial fryers market has been segmented as:

Low Capacity (< 100 Kg)
Medium Capacity(100 Kg to 500 Kg)
High Capacity (500 Kg to 1000 Kg)
Industrial Fryers Market: Regional Outlook

North America and Europe are projected to hold significant value shares in the global industrial fryers market, due to the rising consumption of chips in these regions. In North America, the U.S. accounts for ~86% of the consumption of potato chips and thus, the country registers prominent demand for industrial fryers. After North America, Europe is projected to account for a significant share in the global industrial fryers market. In the region, France is estimated to account for a substantial share, which can be attributed to the fact that the country accounts for 85.5% of Europe’s overall potato chip consumption.

China and Latin America are projected to grow at significant rates in the global industrial fryers market, owing to growing population and increasing consumer spending on oil fried chips and crisps and meat products in the region.

Industrial Fryers Market: Market Participants

Some of the market participants identified across the value chain of the industrial fryers market include:

L.Lennard Pty Ltd.
HANROW Ltd.
GEA EasyFry
Techmate Industries
FER Inc.
Nothum Food Processing Systems
Star Manufacturing
RVF Catering Ltd.
Heat and Control, Inc.
JBT Corporation

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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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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.

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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