Iron Oxide Market is Estimated to Register a Strong CAGR of 4.1% CAGR from 2022-2032 | Says FMI Analyst

The global iron oxide market is anticipated to reach a value of US$ 3,775 Mn in 2032, with the market growing at an average CAGR of 4.1% from the forecast period of 2022 to 2032. Driven by escalating consumption in paints & coatings, plastic manufacturing, and construction industries, the iron oxide market is expected to reach an estimated US$ 2,525.85 Mn in 2022.

Textiles, ceramics, and other end-use industries are also contributing to the growing demand for iron oxide in the global market. The continuous urbanization process occurring all over the world as well as the rapidly expanding construction industry and increasing investment in infrastructure development amplify the consumption of iron oxides in the forthcoming years.

Characteristics like superior chemical stability, dispersibility, and high thermal stability, further augment the demand of iron oxides in the paints & coatings and construction industries.  An inorganic pigment with excellent properties like good resistance to UV rays, high thermal stability, and high dispersibility promote iron oxides’ use the development of numerous construction materials such as cobblestone, roof tiles, floor tiles, and concrete.

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It has a remarkable chemical structure that is insoluble in water and immune to acids & alkalinity of cement and lime. The rising construction activities, particularly in emerging economies, will likely aid the market growth of iron oxides in the following decade.

Different construction firms are embracing green construction projects to create sustainability. This stimulates opportunities for iron oxide as it is an environmentally friendly raw material that is used for construction activities. These factors are driving the sales of the product in the global market during 2022-2032.

The unique ability of iron oxide to absorb ultraviolet radiation, stop the degradation of base material, its inexpensiveness, high purity, strong thermal stability, and good compatibility with other ingredients are factors that promote the adoption of iron oxide in various industrial verticals.

Iron oxide also has a great concealing power, impermeability to UV rays, water solubility along with great adhesive quality and anti-rust properties. This increases the robustness of paint films and ensures the product’s usage in a variety of outdoor paint applications.

“Rising usage of iron oxide in paint & coatings, construction & buildings are driving the global market expansion of iron oxide market over the forecast period,” says an FMI analyst.  

Key Takeaways:

  • Rising adoption of iron oxide in beauty and cosmetics sector to stimulate market opportunities.
  • High costs and strict regulations may hamper the market growth.
  • Paints and coatings sector to drive the market growth in the U.S.
  • Germany will account for a 6.7% share of the iron oxide market.
  • By type, red powdered iron oxide to register high demand.

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Competitive Landscape 

Lanxess AG, Huntsman International LLC, Cathey Industries, Toda Kogyo Corporation, Alabama Pigments Company, LLC, Jiangsu Yuxing Industry and Trade Co. Ltd., Golccha Pigments Pvt. Ltd., Shenghua Group Deqing Huayuan Pigment Co. Ltd., Tata Pigments Company, Yaroslavsky Pigment Company, and Hunan Three-Ring Pigments Co. Ltd among others are some of the major players in the iron oxide market profiled in the full version of the report.

Leading market players are interested in developing new formulations of iron oxides as well as producing and developing more sustainable iron oxide solutions. Some other enterprises are focusing on manufacturing different grades of iron oxide and expand their production capacity to cater to a large consumer base and strengthen their market presence.

More Insights into Iron Oxide Market Report

In its latest report, FMI offers an unbiased analysis of the global iron oxide market, providing historical data from 2014 to 2021 and forecast statistics for 2022 to 2032.

To understand the global market potential, growth, and scope, the market is segmented based on product type (red, yellow, black, brown, orange, green, other blends), application (construction, paint & coatings, plastics, chemicals, paper & pulp manufacturing, textile, ceramics, leather, other (fertilizer, cosmetics, rubber)), and region.

According to the latest FMI reports, based on region, the iron oxide market in the U.S. is expected to present substantial growth over the forecast period. The market in this country is likely to grow at a very fast pace. Heightened demand for the product in paints & coatings, plastics, and construction are propelling the market growth in this region.

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With steady rise in residential construction activities, the demand for iron oxide is likely to escalate in the U.S. during the upcoming decade. Germany, too, will experience notable growth in the target market owing to the surging sales of synthetic iron oxide pigments which are in high demand in the plastic industry.

Based on segmentation, by product type, the red powdered iron oxide will register high demand in the global space over the forecast period.

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Chemical Indicator Inks Market: Chemical indicator inks are used for monitoring sterilization process, and form a key component of chemical indicators. They are of the type that change colour in order to indicate successful sterilization of surgical equipment/accessory.

Pine-Derived Chemicals Market: Newly released data from pine-derived chemical market analysis by Future Market Insights shows that global consumption of pine-derived chemicals enjoyed a year-on-year (YOY) growth of 3.8% in 2021 to total global sales of USD 5.5 Bn.

Fine Chemicals Market: The fine chemicals market is estimated to witness an average pace with a CAGR of 5.4% during the forecast period 2022-2032.

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Hot Melt Adhesives Market is Projected to Accelerate at a CAGR of 5.3% to Top US$ 12.67 Billion by 2032

The global hot melt adhesives market is anticipated to create a lucrative growth opportunity in the global landscape by registering a CAGR of 5.3%. from 2022 to 2032. The market is expected to reach a valuation of US$ 7,562.9 Mn by the end of 2022 and is predicted to reach US$ 12,675.7 Mn by 2032.

These factors are likely to drive the global hot melt adhesives market in the upcoming decade. As per FMI, the market is estimated to exhibit a CAGR of 5.3% from 2022-2032. Over the historical period, the global hot melt adhesives market witnessed a CAGR of 4.8% between 2014 to 2021.

The manufacturing activities have been reduced and significant reduction has been witnessed in the product capacities, part-time shifts, as well as introduction of automated production machinery, let manufacturers improve their market positions.

These aforementioned factors are expected to drive the hot melt adhesives market during the forecast period. Several regulatory bodies including the Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) and the Environmental Protection Agency (EPA) are expected to take more steps in order to limit the use of solvent-based adhesives which helps in reducing their negative impacts on the environment.

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Key Takeaways

  • Renewable resources-based hot-melt adhesives comprise several benefits due to which they are rapidly being replaced by petroleum-based. Renewable resources-based hot-melt adhesives are inexpensive and have properties that match or exceed those of polymer-based adhesives. Prominent companies in the market are partnering with local firms in order to meet the growing demand for bio-based adhesives.
  • About two-thirds (60%) of renewable plant-based raw materials composition is extracted from plants. Key leading players are focusing on developing bio-based hot melt adhesives to meet the growing consumer demand and keep up with regulatory compliance. Commencing with the consumer packaging applications including end-of-line and labeling, bio-based hot melt adhesives are expected to gain traction.
  • The trend of do-it-yourself (DIY) is gaining momentum in both developed and developing countries. There are a variety of materials and surfaces that can be effectively glued by hot melt adhesive glue such as ceramics, fabrics, paper, cardboard, metals, and plastics, thereby making it ideal for DIY applications and DIY projects.
  • DIY being a relatively new term has gained traction across various developed countries such as North America and Europe. Owing to the easy availability of hot melt adhesive pens across these regions would aid growth. In addition to that, in the U.S. and Europe, the cost of labor is higher resulting in higher installation costs. Attributed to this, DIY methods for regular repairs and maintenance are popular in developed countries.
  • Hot melt systems are the most cost-effective on the basis of space and personnel requirements. As a result, it is not needed to operate large-scale drying and curing furnaces and pollution control equipment at a high cost. Like solvent-based systems, hot melt adhesives eliminate the need for solvent recovery and incinerators.
  • Solvent-free, bio-based melt adhesives are surging in the market from manufacturers of packaging solutions, disposable sanitary products, furniture & woodwork, automotive & transportation, and footwear are projected to drive the hot melt adhesives market.

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Key Companies Profiled:

  • Arkema
  • Avery Dennison Corporation
  • Beardow & Adams (Adhesives) Ltd.
  • DOW Inc.
  • HB Fuller Company
  • Henkel AG & Co. KGaA
  • Jowat Se
  • Sika AG
  • Tex Year Industries Inc.
  • Adhesive Direct UK
  • Adtek Malaysia SDN BHD
  • Buhnen GmbH & Co. Kg
  • Cherng Tay Technology Co., Ltd.
  • Evonik Industries AG

Competitive Landscape

In order to elevate their annual turnover and fortify their market positions worldwide, leading manufacturers in the market are purchasing small-scale market players. To efficiently meet the rising demand and thrive in the highly competitive market, key participants are also concentrating on mergers and expansion activities.

Hot Melt Adhesives Market Outlook by Category

By Polymer Base:

  • Ethylene Vinyl Acetate
  • Polyolefin
  • Polyamide
  • Styrenic Block Copolymers
  • Polyurethane (PU)
  • Others

By End Use:

  • Packaging Solutions
  • Disposable Hygiene Products
  • Furniture & Woodwork
  • Automotive & Transportation
  • Footwear
  • Textile
  • Electronics
  • Bookbinding
  • Others

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More Insights into the Hot Melt Adhesives Market

The U.S. is anticipated to dominate the global hot melt adhesives market owing to the presence of various dominant manufacturers in the North American region. In addition to that, the increasing adoption of advanced technology in the U.S. would also contribute to the growth in the hot melt adhesives market in the country.

The U.S. packaging industry is expected to be a key driver of market expansion owing to the presence of leading packaging manufacturers in the region.

China is the second largest market in the East Asia hot melt adhesives market attributed to the rapid expansion of various end-use industries. Owing to the rising demand from sectors, including footwear, packaging, disposable hygiene products, textile chemicals, and automotive & transportation, China is projected to showcase considerable growth.

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Polyolefin Resin Paints Market: Polyolefin resins are resins manufactured from hydrocarbon sources containing one or multiple olefinic or alkelyn groups. Ethylene, propylene, isobutylene, butadiene, cyclic olefins are among major raw material used in the production of polyolefin resin.

Polyurethane Adhesives Market: According to Future Market Insights research, during the projected period, the global polyurethane (PU) adhesives market is set to top a valuation of US$ 9.63 Bn in 2022, and further expand at a CAGR of 6.1% during 2022-2032.

Electronics Adhesives Market: Demand for electronics adhesives grew at 7.5% CAGR in the historic growth period during 2016-2020. The electronics adhesives market has seen remarkable growth in Europe and East Asian countries.

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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Below 30 Hp Centrifugal Water Pump Market to Exhibit Revenue of US$ 68.95 Mn by 2032 Owing to Its Extensive Usage in Agriculture Sector | FMI

The global market expected to reach US$ 37.1 million in 2022 to US$ 68.95 million in 2032. The below 30Hp centrifugal water pump market is expected to witness a healthy CAGR of 5.3% over the course of the projection period from 2022 to 2032.

Due to their high efficiency, 30 HP centrifugal water pumps are seeing an increase in sales. This helps reduce costs in agriculture both immediately and over the course of each unit’s lifetime.

In actuality, the agriculture industry uses the largest proportion of water, which is estimated to be more than four-fifths of the Nile River. There were about 3.8 million hectares of arable land available in 2016. Agriculture accounts for more than 14% of the country’s GDP, or 256.9 billion Egyptian pounds. Additionally, the growing population has increased the amount of water used for domestic purposes, which has increased the market’s sales of centrifugal water pumps under 30 horsepower.

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The below 30Hp centrifugal water pump market is predicted to expand owing to the surging investments in infrastructure and increased construction activities. Owing to the expansion of the water supply network and a surge in agriculture initiative operations, there is a rising demand for these water pumps. Over the assessment period, a phenomenal rise in demand for cost-effective and energy-efficient centrifugal water pumps can be seen attributing to the rising energy costs and increasing environmental consciousness among end users.

Key Takeaways

  • With the help of technological advancements, the performance of a below 30 Hp centrifugal water pump in the market is anticipated to bolster, making it efficiently usable in several downstream applications. Furthermore, they save a chunk of money by not put hefty investments and setting up supplementary equipment like pulsation dampeners.
  • Attributing to its corrosion-resistant design, the below 30Hp centrifugal water pumps efficiently operate in environments where conventional pumps degrade rapidly. Over the assessment period, the demand for below 30Hp centrifugal water pumps is likely to increase due to rising energy costs and increasing environmental consciousness among end users.
  • These pumps are massively used in several end-use industries that allow producers, distributors, and users of chemicals to transport a wide range of fluids under diverse conditions, including ones that would quickly destroy other pumps.
  •  More than 50% of all the pumps sold around the globe are below 30 Hp centrifugal water pumps. These pumps are majorly utilized in both small as well as large-scale industrial applications including power, wastewater treatment, and chemicals.
  • Over the projection period, a reasonable surge in the sales of below 30 Hp centrifugal water pumps witnessed owing to their efficiency, which is ideal for home and agricultural applications. This is resulting in a surging need for new water sources all over the world.
  • As compared to various other pumping methods, below 30 Hp centrifugal chemical pumps have a good energy efficiency rating. Due to this, they have a big advantage over other pump designs in the market.

Competitive Landscape

The below 30 Hp centrifugal water pump market is massively consolidated, as prominent regional and local players account for a collective revenue share of around 70% of the total centrifugal water pump market in the country.

Key Players in Below 30 Hp Centrifugal Water Pump Market are Grundfos, KSB Pumps Ltd., Xylem Inc, Wilo SE, Flowserve Corporation, Calpeda S.p.A, Omega Egypt Co.

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More Insights into the Below 30 Hp Centrifugal Water Pump Market

The below 30 Hp centrifugal water pumps are mostly used in irrigation, according to the estimations, the expanding agricultural sector along with the surging amount of fertile land in nations such as Morocco, India Thailand, and Egypt, offer sizable prospects for the market since these countries have a strong agricultural economic background.

Sales of below 30 Hp centrifugal water pump is increasing owing to their robust construction endures throughout time. A variety of businesses turns to this kind of fluid transfer pump as their preferred option.

Key segments

By Application:

  • Industrial
  • Agriculture
  • Domestic

By Product:

  • Mini Pumps (0.5-30 HP)
  • Monobloc Pumps (0.5-30 HP)
  • Submersible Pumps (0.5-30 HP)

By Capacity:

  • 0.5 Hp (minimum)
  • 30 Hp (maximum)

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific

Table of Content

  1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

  1. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

  1. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

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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Antimicrobial Additives Market is Set to Reach a Valuation in Excess of USD 27.95 Billion in 2032 | Says FMI Analyst

The global antimicrobial additives market is valued at around US$ 12,711.5 Mn in 2022 exhibiting an impressive CAGR of 8.2% during the forecast period 2022 to 2032. The market is predicted to reach a valuation of US$ 27,955.6 Mn by 2032.

The global demand for antimicrobial additives is expected to grow at a robust CAGR of 8.2% between 2022 and 2032, as compared to the historical period between 2013 and 2021 during which the CAGR was about 7.7%.

The market is projected to showcase a higher growth rate across the estimation period due to the rising concern among consumers related to personal and family wellness. Furthermore, the presence of strict regulations encouraged the use of antimicrobial products and devices in order to decrease health hazards.

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Key Takeaways

  • The increased use of antimicrobial additives in paints, inks, fabrics, paper, plastic, and various other applications has driven the overall sales of antimicrobial additives in the future. Antimicrobial additives are known to be active agents that when included in the processing of materials will automatically inhibit the life or growth of microbes.
  • Antimicrobial additives have proven to be very effective in preventing the growth of infection and various fever-causing microorganisms such as fungi, mold, bacteria, and algae among other materials. These additives have also played a crucial role in extending the shelf life of products.
  • Various end-use industries are rapidly adopting antimicrobial additives such as automotive, electronics, building & construction, and healthcare, which is expected to bolster the growth of the antimicrobial additives market during the assessment period.
  • The surge in the consumption of antimicrobial additives in order to exhibit microbial growth on the surface of plastic products and medical equipment is predicted to push the demand for antimicrobial additives.
  • A drastic consumer shift has been witnessed from conventional materials such as metals and glass towards antimicrobial plastics in the automotive application, which is further expected to fuel demand in the antimicrobial additives market.
  • In recent years, there is a significant shift toward feminine hygiene products and rising awareness among consumers about prevalent health issues and hygiene owing to the rising spread of viruses and infections has led to an increased customer focus on antimicrobial products such as plastics, coatings, textiles, and others.
  • Changing lifestyles of consumers and longer exhausting working hours are resulting in higher demand for packaged ready-to-eat and frozen meals. This is anticipated to boost the demand for antimicrobic additives in the forthcoming years.

Key Companies Profiled: 

  • Akzonobel N.V.
  • BASF SE
  • The Dow Chemical Company
  • Sanitized AG
  • Steri touch Ltd
  • Biocote Ltd.
  • Life Material Technologies Limited
  • Momentive Performance Materials Inc.
  • Clariant Chemicals India Ltd.
  • Nanobiomatters

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Competitive Landscape

Prominent market players are focusing on working with new formulations of antimicrobial products and simultaneously developing more sustainable solutions. Key market participants have shifted their preference towards edible and biobased antimicrobial additives owing to the regulatory pressure for safer additives. In addition to that, other companies are also being acquired in order to generate more revenue and acquire a competitive advantage over the market.

Antimicrobial additive Market Segmentation

By Application:

  • Fabric / Textile
  • Inks
  • Paints and Coatings
  • Paper
  • Plastic
  • Silicone & Rubber
  • Others

By End Use:

  • Automotive
  • Building and Construction
  • Electronics
  • Food and Beverages
  • Healthcare
  • Other

More Insights into the Antimicrobial Additives Market

The United States antimicrobial additives market is projected to expand at a phenomenal pace throughout the forecast period attributed to the rising consumption of antimicrobial ingredients in an array of end-use industries including food and beverages, automobile, electronics, and others.

Over the past few years, changing lifestyles have made people forced to choose packaged food which has resulted in the surge in demand for food additives that increase the shelf life of products. Most food manufacturers in the U.S. use antimicrobial additives in their products in order to prevent the growth of microbes.

Attributing to the surging consumption of antimicrobial additives across the food and beverages, healthcare, construction, and automotive industries, the U.S. is set to possess 16.9% of the overall volume of consumption in 2022.

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Due to the rapid growth of the automotive industry in India, the antimicrobial additives market is anticipated to expand at a steady pace across the projection period from 2022 to 2032. Moreover, growing awareness about the benefits of antimicrobial additives and a rise in the number of regional and domestic antimicrobial additive manufacturers.

Over recent years, various manufacturers in the automobile industry are excited to launch new products and collaborate or merge with dominant companies in the sector. Rising demand for luxury commercial vehicles and favorable government regulations is propelling growth in the market.

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Aluminum Chemicals Market:  Global Aluminum Chemicals demand is anticipated to be valued at US$ 168 Billion in 2022, forecast to grow at a CAGR of 4.5%to be valued at US$ 260 Billion from 2022 to 2032.

Membrane Chemicals Market: The membrane chemicals Market is forecast to ascend at over 6% CAGR attracting more potential stakeholders as stated in the latest revised report by Future Market Insights (FMI).

Mining Flotation Chemicals Market: The global mining flotation chemicals market is currently valued at around US$ 11,319.5 Mn in 2022 and is anticipated to progress at a healthy CAGR of 4.7% to reach US$ 17,918.2 Mn by 2032.

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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Combi Ovens Market 2022 Development Status, Competition Analysis, Type and Application 2027

A new report on combi ovens provides perceptive insights on the chronological growth flight of the market along with the future prospects and present scenario. The report offers an exclusive analysis of the global market and also presents insights on regions and other segments.

Combi Ovens Market: Overview

The report offers a complete summation of the market including an official abstract that draws out the centre examples progressing in the market. It also discusses on a couple of facets, for example, drivers and obstacles that have been observed as well as predictions with respect to growth trajectory of the global market. It also acquaints readers with figures related to volume, value, and development rate of the market. With reverence to market segmentation, each segment is analysed and presented in the report. It also gives an assessment in light of the market condition, and moreover presents a value chain analysis of the products and applications in concern. A year to year progression of the market has likewise been offered in the report for the reader to be predominantly aware of the altering scenario of the market.

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Combi Ovens Market: Segmentation

Region

  • North America
  • Latin America
  • Western Europe

End Use

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

Combi Ovens Market: Research Methodology

The report is the end result of the cautious research work of the market analysts employing reliable sources. The information introduced has been studied carefully by industry experts of FMI. The data that has been presented here has been assembled from various tried and tested sources. The figures have also been checked by the analysts and can be used to settle on key decisions and formulate strategies.

Combi Ovens Market: Competitive Dashboard

The market study conveys an immense outlook on the engaged scene of the overall combi ovens market. It features the rivalry prevalent among the present vendors in the market and also puts weight on the future circumstance of the market. The profile of the players is based on a SWOT examination sought down by company angle, product portfolio, strategies, finance related information, and year-to-year projections. The organisations have been explored minutely covering their key developments, innovations as well as mergers and acquisitions and agreements with other prominent establishments.

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Reasons to invest in our report

The reports made by our industry analysts are credible and have been researched and validated from several primary and secondary resources. What makes us unique is the fact that along with presenting an analysis of the market’s historical and present scenario, we also present a forecast review of the market for the benefit of our reader. The presentation is exclusive in the form of various charts, tables, and diagrams. Every bit of information present in the market research report is unique. Expert opinions are also present in the study that can be directly used by the readers to make future decisions.

Global Combi Ovens Market by Category

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

  • Steam Generated
  • Boilerless

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

  • Gas
  • Electric

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

  • Low
  • Medium
  • Heavy

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

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

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

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

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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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Thermal Insulation Material Market is Estimated to Register a Strong 4.0% CAGR Between 2021-2031

Increasing demand from the construction and automotive industries for temperature control and energy efficiency is expected to fuel the demand for thermal insulation material. According to a new study by Future Market Insights (FMI), the market for thermal insulation material is set to rise steadily with a CAGR of over 4% through the end of the projection period in 2031.

The global demand for thermal insulation materials has rapidly gained traction owing to concerns associated with energy conservation. Strict government regulations associated with emissions from construction and automotive sector operations will drive long-term demand.

In building operations, thermal insulation also provides benefits in supporting auxiliary building structures including roofs and flooring. Niche applications in aerospace structures in addition to investments into smart city infrastructure are providing impetus to investments into product research & development, with a focus on material and design.

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End-user specific customization of product offerings on the basis of density, thermal conductivity, thickness and more will influence developments in the market for the foreseeable future. The growing demand for thermal insulation materials, particularly from emerging economies will offer key growth opportunities.

On the other hand, the volatility in the pricing of raw material will challenge the growth of market participants. Market vendors are more likely to focus on the growth prospects in the fast-growing segments, while consolidating their positions in relatively slower-moving products.

Key Takeaways of Thermal insulation material Market Study

  • Thermal insulation material sales to increase at above 4% CAGR through the assessment period.
  • Backed by strong demand from the building and construction sector, insulation for 1ºC to 100ºC will hold the lead in 2021.
  • Continuing issues in terms of energy supplies in the U.K. and Germany markets to register higher growth.
  • United States is projected to record strong demand driven by rising applications in automotive sector.
  • China will emerge as a high potential market, with investments in urbanization and manufacturing efforts in the country.

“Thermal insulation materials find widespread applications in spacecraft, buildings, clothing, mechanical systems, and in automotive offerings among others. Customization on the basis of specific heat capacity, thickness, surface emissivity, thermal bridging, thermal conductivity, and density will support demand as per the requirements of the target area,” Says an FMI analyst.

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Who is Winning?

The global thermal insulation material market can be considered as moderately consolidated, with a few leading players accounting for a prominent share of the overall thermal insulation material market. Manufacturers are increasingly focused on investments into research and development aimed towards new product launches.

Key market participants including BASF SE, Asahi Kasei Corporation, Rockwool International A/S, E. I. du Pont de Nemours and Company, Bayer AG, Berkshire Hathway (Johns Manville), Dow Chemicals Company, Owens Corning, Saint Gobain S.A., and Kingspan Group PLCamongst others are also focusing on consolidating their presence in the global market by entering into strategic industry collaborations with other market participants.

Key Segments

Material Type

  • Stone Wool
  • Fiber Glass
  • Plastic Foam
  • Others

Temperature Range

  • -160°C to -50°C
  • -49°C to 0°C
  • 1°C to 100°C
  • 101°C to 650°C

Region

  • North America (U.S. & Canada)
  • Latin America (Mexico, Brazil, Argentina, Chile, Peru, & Rest of LATAM)
  • Western Europe (Germany, U.K., France, Italy, Spain, BENELUX, Nordic, & Rest of W. Europe)
  • Eastern Europe (Russia, Poland, CIS Countries and Rest of E. Europe)
  • Middle East and Africa (GCC Countries, Turkey, South Africa, Israel, & Rest of MEA)
  • Japan
  • Asia Pacific excluding Japan (China, India, ASEAN, South Korea, Australia, & Rest of APEJ)

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Developments in Green Construction Set to Drive Growth

According to FMI, thermal insulation material has immense scope for application in the building and construction industry owing to the increased focus in the sector on resource efficient and environment friendly materials.

Also, there is a substantial growth in the construction of green buildings around the world owing to volatility in high energy prices, and concerns associated with environmental impact, along with the health and comfort of occupants.

In addition, green building rating systems implemented in developed regions across Europe and North America such as the Leadership in Energy and Environmental Design, are contributing to growth.

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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Super Absorbent Polymers (SAP) Market to Achieve A High CAGR Of 4.8% during Forecast Period by 2031

The growing awareness of healthcare & personal hygiene among people across the world is one of the leading factors enabling growth in the global super absorbent polymer (SAP) market. As per Future Market Insights (FMI) analysis, the market is expected to expand at 4.8% CAGR between 2021 and 2031.

The chemical industry has registered significant growth in past few years and growth is expected to be continue over the near future. Owing to the increasing applications of super absorbent polymers in medical sector and agriculture sector, the SAP market is expected to reach a valuation of US$ 9.18 Bn in 2021.

Growing demand from the application of the super absorbent polymer in chemical sector will drive growth through 2021-2031. North America, Europe, and East Asia are the key markets for super absorbent polymers. Of these, East Asia is expected to remain dominant, accounting for over 28.5% of the market by 2031.

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Super absorbent polymers or otherwise known as hydrogels are high weight, loosely cross linked polymer chains that are formed through the process of polymerization of acrylic acid and sodium acrylate/acrylamide.

Due to the excellent property of absorbing, they are specifically used in the feminine hygienic items and diapers. Besides this, they are used in construction, packaging, and in the agricultural sector to help retain moisture in the soil.

Key Takeaways from Super Absorbent Polymers Market Study

  • Super absorbent polymers sales will continue rising in the U.S., which is expected to account for over 80% of the North America market in 2021
  • Sales in the U.K. is expected to increase by 3.7% in 2021, thanks to increase in use in disposable diapers, adult incontinence products, and other applications.
  • Germany, France, and Russia will remain lucrative pockets for sales within Europe.
  • China will account for maximum SAP sales in East Asia, while Japan and South Korea will exhibit gradual rise in demand.
  • Application in disposable diapers is expected account for 76.1% SAP sales in 2021.

“Increasing awareness regarding healthcare & personal hygiene products is expected to spur to super absorbent polymer sales,” said a lead analyst at FMI.

Super Absorbent Polymers Market: Participant Insights

Key manufacturers in the Super Absorbent Polymers market, like Nippon Shokubai Co., Ltd., BASF SE, Evonik Industries AG, Sanyo Chemicals Industries, Ltd., Yixing Danson Technology, LG Chemicals Ltd, Sumitomo Seika Chemicals Co. Ltd., Kao Corporation. In order to gain competitive edge, they are focusing on strengthening their product portfolio and expanding their market footprint through acquisition of smaller companies in the market.

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Super Absorbent Polymers Market by Category

By Product Type

  • Sodium Polyacrylate
  • Polyacrylamide Copolymer
  • Others

By Application Type

  • Disposable diapers
  • Adult Incontinence Products
  • Feminine Hygiene Products
  • Agriculture Products
  • Others

What Is the Impact Of COVID-19 Crisis On Super Absorbent Polymers Market?

The global market was impacted by the mandated lockdowns in many nations. During the pandemic, limited manufacturing and transportation-related delays owing to travel restrictions posed challenges to the market. These factors had a negative effect on the market.

Thus the market for super absorbent polymers registered restricted growth amid COVID-19 pandemic because to the lockdown enforced by several nations, as well as reduced manufacturing efficiency due to manpower shortage.

The global increase in COVID-19 cases, on the other hand, fuelled the demand for hygiene and medical goods and solutions. Super absorbent polymers are commonly utilized in the production of diapers and wipes, demand for both of which increased in hospitals during the pandemic.

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Super Absorbent Polymers Market Key Points Covered

  • Super Absorbent Polymers Market estimates and forecast 2015-2031
  • Key drivers and restraints impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Super Absorbent Polymers Market and How to Navigate
  • Recommendation on Key Winning Strategies

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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India Construction Chemicals Market Worth US$ 21.87 Billion by 2032 at a CAGR of 13.6%, Report By FMI

As per Future Market Insights’ analysis, the India construction chemicals market is anticipated to reach a value of US$ 21.7 Bn by 2031 end, expanding at a CAGR of 13.6% during 2021-2031. Primary application of construction chemicals is to improve strength, durability, and workability of construction chemicals.

The robust expansion of the Indian real estate sector and increasing investments in commercial and residential construction projects will fuel the demand in the India construction chemicals market.

Commonly used construction chemicals in India includes admixtures, water proofing chemicals, adhesives and sealants, protective coatings, and asphalt additives. The demand for construction chemicals is largely driven by affordable housing residential projects, in addition to infrastructure projects initiated by the government.

Foreign direct investments are also likely to boost the sales in the country over the coming years. However, the ongoing crisis caused by COVID-19 virus, has resulted in a short-term slump of production and distribution chains in the industry.

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Raw materials required for the production of construction chemicals are manufactured by chemical companies, which experienced a downturn during the pandemic as the supply chains were disturbed due to strict lockdown restrictions.

Furthermore, the construction sector in India was highly impacted by the pandemic, as ongoing and upcoming construction projects have been delayed or cancelled.

Key Takeaways from India Construction Chemicals Market Study

  • India Construction Chemicals Market will continue expanding, reaching a valuation of US$ 21,642 Mn by 2031, primarily driven by infrastructure investments.
  • Water proofing and protective coatings collectively holds more than 50% of the market share in the country’s market, with impetus provided from renovation and repair applications.
  • Governmental spending in the construction chemical sector has risen by approximately 1.8 times owing to the “Make in India” scheme for infrastructure and industrial development.
  • North and South India account for 30% of the overall Indian construction chemicals market each, with major investments into smart city projects.
  • The COVID-19 outbreak has resulted the construction industry in India coming to a standstill. As such, the construction chemicals market experienced a CAGR of -12.6% in 2020.

“The India construction chemicals market has a highly fragmented vendor landscape, which has resulted in fierce competition in the market. However, demand for construction chemicals in the country is likely to rise with increasing urbanization and subsequently rising demand for urban residential construction projects through the end of 2031,” said an analyst at FMI.

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Construction Chemicals Market Key Segments

By Product Type:

  • Concrete Admixtures
    • Plasticizers (lingo, SNF, PCE)
    • Accelerators
    • Retarders
    • Air Enterainers
  • Waterproofing Chemicals
    • Bitumen
    • PVC
    • EPDM
    • TPO
    • PTFE
    • Silicone
    • Acrylic Polymers
    • SBR – Styrene-butadiene
    • Cementitious Membrane
    • PU Membrane – Liquid-applied Membrane
    • Crystalline
    • Additives in Waterproofing
  • Protective Coatings
    • Epoxy
    • Polyurethane
    • Acrylic
    • Alkyd
    • Polyester
    • Others
  • Adhesives & Sealants
    • Adhesives
    • Sealants
  • Concrete Repair Mortar
  •  Plaster
  • Asphalt Additives

 By Application:

  • Infrastructure
  • Commercial & Industrial
  • Residential

Who is Winning?

The India construction chemicals market will remain fragmented due to strong presence of local players. Leading players are focusing on strengthening their product portfolio and expanding their market footprint through acquisition of smaller companies in the market.

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Some of the key manufacturers of construction chemicals in India are BASF SE (Master builder Solutions), Pidilite Industries, The Dow Chemical Company, RPM International Inc., Mapei S.P.A., Magicrete Building Solutions pvt. Ltd., GCP Applied Technologies Inc., Akzo Novel N.V., Sika AG, Chembond Chemicals Ltd., Flowcrete India Ltd., Fosroc Holdings U.K. Limited, MC-Bauchemie, Balmer Lawries & Co. Ltd., Cera-Chem Pvt. Ltd., Choksey Chemicals Pvt. Ltd., MYK LATICRETE India, CICO Technologies Limited, Ardex Endura, KERAKOLL India Pvt. Ltd., and Saint-Gobain S.A. among others.

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

Epoxy Putty and Construction Chemicals Market: Construction chemicals are broadly used for waterproofing repairs, bonding agents, crack and expansion joint fillers, tile adhesives, retarders, plasticizers, air entraining compounds accelerators and others.

Bleaching Chemicals Market: Bleaching as a process has been used for a long time, and the various chemicals used for bleaching currently have resulted from the continuous efforts put in by scientist in the 18th century.

Asia Pacific Waterproofing Chemicals Market:  The market of waterproofing in the Asia Pacific region is projected to reach a valuation of US$ 11,568.5 Mn in 2032.  The Asia Pacific waterproofing chemicals market is expected to reach US$ 4,327.20 Mn in 2022, according to FMI, and is expected to grow at a CAGR of 8.2% from 2022 to 2032.

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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Extruders and Compounding Machines Market 2022 | Present Scenario and Growth Prospects 2027

Future projections on this market have been chalked to assess the growth path of the market. An in-depth market segmentation is carried out that explores every angle of the market with which relevant acumen can be obtained. A forecast analysis for a period of 10 years has been drawn that can support the reader in slating future moves.

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Global Extruders and Compounding Machines Market: Forecast Highlights

The global market for extruders and compounding machines is expected to grow at a moderate value CAGR of 4.7% during the period of forecast, 2017-2027. The global extruders and compounding machines market was valued at around US$ 11 Bn in 2017 and is estimated to reach a valuation of more than US$ 18 Bn by the end of the year of assessment (2027).

Global Extruders and Compounding Machines Market: Dynamics Impacting Growth

Increase in the demand for plastics across several regions in the globe, integration if IIoT in the field of compounding and extrusion, increasing threshold in cable manufacturing sector, increased use of extruders and compounding machines in small and medium scale industries, rising food and beverage sector across the globe especially in emerging economies, increasing trade policies supporting the market’s growth, and increasing demand from construction, consumer goods and packaging industries have supported the growth of the global extruders and compounding machines market. Factors such as strict government regulations on using non-green machines, problems associated with BREXIT and stringent regulations on plastic products have posed restraints to the market’s growth.

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Global Extruders and Compounding Machines Market: Key Segmental Outlook

The global extruders and compounding machines market is segmented on the basis of product type, application, end use industry and region.

  • By product type, the adoption of twin screw is expected to dramatically rise in the coming years. This makes the twin screw segment highly attractive and it is projected to grow at the fastest rate to reach a high valuation by the end of the forecast period
  • In the application category, speciality plastics segment is estimated to reflect a higher valuation than other application segments thus leading the global market. Moreover, the master batch production segment is projected to grow at a significant pace in the coming years
  • By end use industry, plastics industry segment and food and beverage segment have largely contributed to the growth of the global extruders and compounding machines market. Plastics industry segment leads the way
  • In the region category, Asia Pacific excluding Japan (APEJ) is anticipated to radiate high market attractiveness. The extruders and compounding machines market in APEJ region is the largest with a significant market valuation and is projected to expand at a high value CAGR of 5.7% throughout the period of forecast

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Global Extruders and Compounding Machines Market: Competitive Landscape

The global extruders and compounding machines market research report has included key player analysis covering several facets such as financials, developments, expansion strategies and product portfolios of key companies dealing with extruders and compounding machines. Key companies such as Toshiba Machine Co., Ltd., The Japan Steel Works Ltd., Coperion GmbH, Battenfeld-Cincinnati, NFM Welding Engineers, Inc., Clextral S.A.S., KraussMaffei Berstorff GmbH, Leistritz AG, Davis-Standard, LLC, Theysohn Extrusionstechnik GmbH, Everplast Machinery Co., Ltd., Breyer GmbH, Rajoo Engineers Limited, Gneuss Kunststofftechnik GmbH, Cheng-Hua Machinery Co., Ltd., Kabra Extrusion Technik Ltd., and SML Maschinengesellschaft mbH are covered in this research study.

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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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HID Ballast Market Is Anticipated To Nearly Double By 2027, According To Future Market Insights

The global HID ballast market is expected to decline gradually over the period of 10 years between 2022 and 2027. This market is expected to register a growth rate of -9.8% during the forecasted period. In a bid to sustain revenue growth, key market players are laying emphasis on increasing their product offerings and providing innovative products to achieve competitive edge, specifically over other local players.

One of the significant reasons behind the declining growth of the market is increasing replacement of HID with new energy efficient LED luminaries. Global sales of HID ballasts is estimated to be valued at US$ 6.8 Bn in 2022 and this is projected to drop down to US$ 3.6 Bn by 2027.

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Global HID Ballast Market: Key Regional Takeaways

  • Increasing government investments for the replacement of conventional lighting with energy efficient lighting systems is expected to provide traction in the North America HID ballast market during the forecast period
  • Growing adoption and subsequent sales of energy efficient lighting systems for enhanced outdoor brightness in areas such as stadiums and parking spaces is expected to create an opportunity for electronic ballasts over the forecast period
  • Rising replacements of tunnel lighting and street lighting as well as a growing trend for decorative lighting is estimated to propel the Latin America HID ballast market throughout the forecast period
  • Regional manufacturers are focussing on increasing the illumination efficiency of car headlights. This may influence the application of HID ballast in the automotive sector during the forecast period

Global HID Ballast Market: Forecast by Sales Channel

The sales channel segment comprises offline and online segments. Offline sales has been a prominent channel for most of the market players due to the fact that they gain direct access to the customer to portray their offerings. It offers high chances of negotiations and also helps build better business relations. On the other hand growing internet infrastructure is likely to create significant opportunities for market players aiming to capitalise on lucrative opportunities in the untapped markets of several developing nations.

Global HID Ballast Market: Forecast by Product Type

On the basis of product type, global HID ballast market is segmented into electromagnetic ballast and electronic ballast. Electromagnetic ballast technology improves the performance of lighting systems owing to its higher efficiency, optimal lumen maintenance as well as enhanced colour control over magnetic HID Ballast. The electromagnetic ballast segment is estimated to be valued at US$ 1,038.5 Mn in 2022 and this is anticipated to reach US$ 287.1 Mn by the end of 2027. Due to limited usability and subsequently decreasing sales in the global market, the electromagnetic ballast segment is expected to shrink rapidly over the forecast period.

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Global HID Ballast Market: Forecast by Application

On the basis of application, the global HID ballast market is segmented into automotive, residential, commercial, industrial, and outdoors. Automotive components manufacturers, mainly headlights and headlamps manufacturers, are focussing on the manufacturing of energy efficient lamps such as HID lamps and LED lamps to enhance the vision of the driver. The automotive application segment was pegged at 64,510 (‘000 Units) in 2021 and is expected to reach 28,327 (‘000 Units) by 2027 end while expanding at a CAGR of -7.5% over the forecast period.

Global HID Ballast Market: Forecast by Region

The key regions of North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan and MEA are covered in this report. Growing construction infrastructure, a rapidly expanding commercial sector and rising demand for outdoor and parking lighting are providing high traction for the HID ballast market in APEJ.

Global HID Ballast Market: Competitive Landscape

Some of the key leaders operating in the global HID ballast market are Philips Lighting Holding B.V., General Electric Company, Fulham Co., Inc. Villa Industrias, S.A. de C.V., Eaton Corporation

Westinghouse Electric Corporation, Morimoto HID, Satco Products Inc., Howard Industries, Inc., Halco Lighting Technologies, Iris Energy Private Limited, OSRAM Licht AG, HELLA KGaA Hueck & Co., Universal Lighting Technologies, GUANGZHOU FUCHW INDUSTRIAL CO., LTD., Lighting and Power Technologies, LLC, and Advanced Lighting Technologies, Inc.

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About Us

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

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