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Submarine Cables Market High State Of Affairs, SWOT Analysis, Business Summary and Forecast 2030

Submarine cables market is forecast to exhibit positive rate of growth between 2020 and 2030. Future Market Insights (FMI) in its recent study has projected the market to reach a valuation of US$ 13 bn by the end of 2020. Growing at an impressive 10.7% CAGR, the market is forecast to reach US$ 36 Bn by the end of 2020.

Through the course of the report’s forecast period, the market is expected to be driven by increasing investment towards infrastructure intended to better international communications. Besides transmitting communication, submarine cables are widely used for power transmission.

These cables are developed to transmit power generated in offshore wind farms to various power stations and countries via island connections. With regards to communication, these cables are laid along the ocean floor to carry staggering volumes of data traffic between countries.

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Submarine Cables Account for Over 90% Data Traffic across the Globe

Submarine communication cables account for more than 90% of the data traffic generated across the world. They have an impressive carrying capacity, which is measured in terabits per sector. Subsequently, these cables are highly valued by OTT and behemoth communication providers such as Facebook, Microsoft, Google, and Amazon.

They are also considered vital components, indispensable for economies by most governments. Various countries therefore have implemented specific regulations governing the market. Some of the countries have even created safety zones, prohibiting access to the cables along the ocean floor, thus protecting them again potential damage.

Submarine Cable Line Ownership Gaining More Prominence among Tech-Enabled Product and Service providers

The growing volume of data traffic has augmented investment in submarine cables. FMI forecasts the market to witness increasing investment in regions such as the Middle East, Asia Pacific, Latin America, and Europe. Some of the leading communication providers are behind surging investment recorded in these regions. For instance, Amazon’s cables are laid from the U.S. to Asia Pacific, connecting countries such as California, Japan, Oregon, and Singapore.

FMI studies various factors impacting growth of the market in detail. It offers in-depth insights into the market. Some of these are:

Europe is forecast to emerge dominant in the global submarine cables market
Increasing offshore wind farm activities will augment investment in the market
Huge repair and maintenance cost may hinder growth
Barriers to the entry of small players will continue especially since the market is highly capital intensive
Nonetheless smaller companies are expected to focus on smaller projects across various regions

“Despite a few disadvantages, submarine cables are considered cheaper and more efficient medium for communication between countries. Besides this, submarine cables are used in power transmission, which is expected to give impetus to the market in the coming years,” said a lead analyst at FMI.

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Who is winning?

The submarine cables market is characterized by the presence of several behemoths hence it witnesses stiff competition. Because the market is highly capital intensive, it offers little opportunities for smaller and mid-sized companies. Nevertheless, smaller market players are expected to focus on smaller projects to stay afloat amid competition between behemoths.

FMI profiles some of the leading companies operating in the market. These include Alcatel Lucent, Google, NEC, Subcom, NKT A/S, Nexans, Prysmian Group among others.

Get Valuable Insights into Submarine Cables Market

Future Market Insights executive level blueprint of the submarine cables market in its report. It offers refined forecasts pertaining to revenue growth witnessed across various segments. Trends impacting the market’s trajectory across these segments are also studied in detail for a period between 2020 and 2030.

The report studies the global submarine cables market in terms of products into electrical cable, fiber optic cable, hybrid/ composite cable, and umbilical cable. Based on filling type, the market is segmented into oil/ fluid filled cable and solid filled cable. On the basis of end use, the market covers oil and gas, renewable energy, telecommunication, and defense segments. Regionally, the global submarine cables market can be segmented into North America, Latin America, Europe, Asia Pacific, Oceania, and the 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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Virtual Event Platforms Market Current Scenario and Industry Growth Forecast with Major Key Players data by 2028

Future Market Insights’ (FMI) recent study opines global virtual event platforms market to witness staggering growth, on account o As organizations switch to cloud computing and augmented reality in the wake of Industry 4.0, various virtual platforms have come into existence. Their scope has further increased in the past few months, with businesses transitioning to remote working approaches in light of the pandemic crisis.

A spike in virtual meetings, conferences, trade fairs and product launching events have been witnessed in the recent past. Several integrated virtual event platforms, standalone software and support services characterize the overall virtual events platforms market.

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Key Takeaways

Global virtual event platforms market to surge at 16.3% CAGR through 2030
Prolific expansion opportunities lay in store across the healthcare industry, especially in surgical procedures
SMEs to make heightened usage of virtual event platforms across the forecast period
Academic institutions to emerge as extensive virtual event platform end-users by 2030
Live event support service to register impressive expansion, owing to rising frequency of virtual events
South Asia & Pacific to be the fastest growing market, India to pivot growth

COVID-19 Impact Insights

The novel coronavirus pandemic has induced a drastic reshaping of the global economy. Government mandated lockdowns have compelled organizations to accommodate work from home practices, thereby shifting businesses to the virtual platform.

Throughout the pandemic’s duration, the global virtual event platforms is expected to remain on a high growth trajectory. Large, medium and small enterprises have increased spending on cloud and virtual event management platforms, with meetings and conferences being conducted online.

According to Future Market Insights’ (FMI) estimates, the demand for virtual event platforms will surge exponentially, with maximum uptake likely to be across the education and healthcare industries. These network-based platforms have enabled people to schedule appointments with exhibitors, sponsors and performers.

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Competition Analysis

Prominent players in the global virtual event platforms landscape are: Microsoft Corporation, Cisco Systems, Zoom Video Communications, Cvent, Evenium, SpotMe, Cadence, Cvent Inc, 6Connex Inc. and Hubb LLC among others.

Multiple strategies, ranging from product enhancements, new solution offerings, collaborations with niche players and strategic acquisitions of smaller players characterize the competitive landscape.

Microsoft Corporation is the leader of the virtual event platforms market, offering a wide pool of cloud-based and conventional communication solutions. In September 2020, the software giant introduced Azure Communications Services, the first fully managed communication platform from a major cloud provider.

Several providers also offer specialized courses on virtual event management platforms. For instance, Cisco Systems provides training courses through its Cisco Networking Academy. It offers specialization in networking, OS & IT, IoT, cybersecurity, programming and infrastructure automation among others.

Recently, in October 2020, Zoom Video Communications delivered its Zoomtopia 2020 keynote address wherein the tech giant unveiled a series of key enhancements of its OnZoom, Zapps, end-to-end encryption and Core UC platforms.

More Valuable Insights on the Virtual Event Platforms Market

Future Market Insights, in its new report, offers an unbiased analysis of the global virtual event platforms market, analyzing historical demand from 2015-2019 and forecast statistics for 2020-2030. The study reveals growth projections on the virtual event platforms market on the basis of solution (software & service), end-user (enterprise/corporates, event management agencies, academic institutions, trade show organizers & others) and enterprise size (SMEs & large enterprises) across six regions.

Virtual event platform market: SegmentationSolution

Software

Integrated Virtual Event Platforms
Standalone Software

Service

Live Event Support
Post Event Processing Services
Event Consulting Services
Support Services

End-User

Enterprise/Corporates
Event Management Agencies
Academic Institutions
Trade Show Organizers
Others

Enterprise Size

SMEs
Large Enterprises

Region

North America (U.S & Canada)
Latin America (Brazil, Mexico & Rest of Latin America)
Europe (Germany, France, Italy, Spain, U.K, BENELUX, Russia & Rest of Europe)
East Asia (China, Japan & South Korea)
South Asia & Pacific (India, Thailand, Malaysia, Indonesia, Australia & New Zealand)
Middle East & Africa (GCC, South Africa, Turkey & Rest of MEA)

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Storage as a Service Market High State Of Affairs, SWOT Analysis, Business Summary and Forecast 2030

The storage as a services market is expected to expand exponentially between 2020 and 2030. With digital business interactions becoming the norm, and a large portion of the global workforce operating from their homes, the demand for storage as a service offerings are likely to rise faster than pre-pandemic levels. Delays in hardware supply chains and concerns over business continuity will contribute to market growth.

“Storage as a service is advantageous to small and medium enterprises, enabling them to minimize hardware expenses needed for conventional storage facilities. The use of storage as a service business models is affordable and reduces losses in disaster recovery. These factors will support market growth through the assessment period,” says the FMI analyst.

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Storage as a Service Market – Important Takeaways

Cloud backup applications are rapidly gaining demand owing to security concerns among enterprise and individual users.
On-premises storage as a service are gaining traction owing to seamless integration with an enterprise’s overall cloud strategy.
North America will hold the lead in the storage as a service market, owing to high adoption rates in IT and telecom companies.

Storage as a Service Market – Driving Factors

Lower operational costs and higher flexibility in terms of deployment models are key factors driving market growth.
Improvements in data security, resource isolation, and management control provide impetus to market players.

Storage as a Service Market – Leading Constraints

Higher bandwidth costs to operate storage as a service can restrict adoption rates.
Storage as a service is often associated with long latencies which hurts market prospects.

Expected Impact on Market by Coronavirus Outbreak

The coronavirus pandemic has caused a large number of workers to operate from home in a bid by governments around the world to contain the spread of the virus. Consequently, the higher usage of cloud services and internet will increase the application of storage as a service platforms, to mitigate disruptions taking place in hardware supply chains around the world. Businesses seeking to optimize workloads and costs for operational efficiency will aid the growth of the storage as a service market even after the end of the pandemic.

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Competition Landscape

Some of the leading players operating in the storage as a services market are Dell Technologies, Hitachi Vantara, AT&T, Zadara Storage, Google, Cloudian, HPE, Quantum Corp., Microsoft, AWS, and IBM Corp.

Numerous players in the storage as a services market are seeking collaborations with corporate enterprises to provide customized offerings for varying operational needs.

For instance, UK-based Object Matrix has unveiled MatrixStore, a storage as a service for managed cloud-based object storage. Standard Chartered has revealed its plans to offer storage as a service platform for institutional investors to for crypto currency storage. Zadara Storage Inc. is exhibiting its hybrid enterprise storage as a service platform, which will be offered with a pay-by-consumption model.

More on the Report

FMI’s provides in-depth insights on the storage as a services market. The market is segmented in terms of service type (cloud NAS, cloud SAN, cloud backup and cloud archiving), enterprise size (small & medium enterprises and large enterprises), and industry (BFSI, media & entertainment, government, healthcare, IT & telecom, manufacturing, education, and others), across six key regions (North America, Latin America, Europe, South Asia Pacific, East Asia, and Middle East & Africa).

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Smart Railways Market Current Scenario and Industry Growth Forecast with Major Key Players data by 2031

Adoption of Big Data and Internet of Things (IoT) in railways are expected to deliver smart travel and trade solutions in the coming decade. Equipped with real-time monitoring and schedule updates, end users are expected to benefit from efficient cargo movement with error-tracking. Unique elements such as wake up call for railway passengers, destination alerts, and passenger information management are projected to up the adoption of smart railways across nations as governments will strive for better security measures and efficient operations. Future Market Insights recognizes the huge potential for the ICT industry to influence the global smart railways market with its existing strengths of cloud computing services and IoT.

For instance, Network Rail Telecom (NRT) in the U.K. is targeting IoT to enhance its own internal service capabilities. The company has partnered with giant vendors like Cisco Systems Inc. Thus, partnerships are expected to be the best way of companies to tap in developing markets to improve offerings.

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Liberalisation of rail transport is likely to create new growth opportunities for smart railways market players. Creation of open market conditions will have a positive impact on rolling stock, solution, and professional service providers of both freight and passenger transportation services.,” says the FMI analyst.

The market is also expected to thrive as government is projected to offer tremendous support to development of smart railways. For instance, in India, as per the proposed investment plan for the period of 2015 to 2019, information technology and research and development departments have received a funding of approximately US$ 753 Mn by the government. These funds were utilized for the integration of network-enabled train control systems and asset management applications to complement smart Indian railways.

Key Takeaways of Smart Railways Market Study

Methods of payment have evolved in the railway sector as traditional payment methods are replaced by smart cards and Point-of-Sale (POS) technologies
FDIs and PPP to generate and raise funds for infrastructural development in the railways, booting installation of smarter railroads
India to allow 100% FDIs in railways to improve its railroads, making Asia Pacific the fastest-growing region
Europe to lead global market for smart railways as private sector funds R&D across European Union

Smart Railways to Gain Momentum as Safety becomes Imperative

As legacy infrastructure is being replaced by advanced technologies, the deployment of IoT across modern railroads will assume tremendous importance. Connected vehicles for machine-to-machine communication via cloud will ensure seamless movement between tracks and stations. Increasing focus on averting dangerous accidents such derailments are expected to up the demand for smart railways in emerging economies.

Future Market Insights predicts that smart railways will be in high demand in the coming years as they will allow categorization of faults across multiple assets and operators for preventive measures.

Competition Landscape of Smart Railways Market

Smart railways market leaders are ramping up their production capabilities and enhancing their sales channels in developing nations, such as India and Thailand. This strategy is projected to bolster their global footprints.

Companies like Hitachi, Ltd. are focusing on developing control systems locally using local technologies. Use of local resources helps such companies cut down on procurement and production costs, consequently increasing profits.

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The primary strategy incorporated by key players is to enhance their attractiveness on a global level by collaborating with local and foreign governments to upgrade existing railway infrastructures. These partnerships involve governments awarding short-term and long-term contracts to manufacturers and service providers operating in the global smart railways market.

Market participants such as Ansaldo STS acknowledge the rising demand for innovative technologies in the smart railways market, and by making those technologies available in the market, these companies are attracting new customers. Some of these technological innovations include railway management systems with satellite connection and catenary free power supply.

More Valuable Insights on Smart Railways Market

FMI’s research on the smart railways market is segmented into three major segments. By device and component, the global smart railways market is segmented into rail sensors, video surveillance cameras, smart cards, and networking and connectivity devices like router, Wi-Fi, switches, among others. With respect to service, the global smart railways market is segregated into professional services, cloud services and integration services. With regards to system, the global smart railways market has been segmented into Railway Traffic Management System (RTMS), Smart Ticketing System (STS), Passenger Information System (PIS), Advanced Security Management System (ASMS), rail communication & networking systems, and rail operations management system, among others like rail analytics system and freight information system. The extensive segregation of the market helps readers evaluate lucrative opportunities in the global smart railways market

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Chlorine Market is Projected to Accelerate at a CAGR of 4.3% to top US$ 21.86 Billion by 2032 | Says FMI Analyst

In 2022, the world chlorine market is estimated at 14.35 billion US dollars. The market is forecast to reach nearly US$ 21,862.3 million by 2032, with an increasing CAGR of 4.3% from 2022 to 2032. Chlorine is yellowish-green in color and exists in a gaseous state at average temperature .

It is the second lightest member of the halogen family. The demand for chlorine is increasing with increasing applications in the pharmaceutical and agrochemical industries. Increasing demand for end-use segments such as polyvinyl chloride (PVC) and ethylene dichloride (EDC) continues to drive growth in the global chlorine market.

This Chlorine market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape.

Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Digital Instrument Clusters market.

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Chlorine, the second-highest lightest chemical of halogen family scientifically appears between fluorine and bromine in periodic table of chemistry. Most Important compound derived from chlorine is common salt. Chlorine was first synthesized around 1630 in a series of chemical reaction.

Chlorine Market outlook

Chlorine is most vital substance used in manufacturing of PVC, chlorinated chemicals, water treatment etc. Rapid advancement in chemical engineering is serving as a catalyst to chemical market.

Chlorine is considered as a most valuable chemical in industry and expected to maintain the same trajectory. It has contributed immensely to the growth of numerous industries across globe and will continue to be pioneering chemical industry. The market is expected to grow with CAGR of 4.9 percent during the forecast period.

Chlorine Market: Growth factor and restraint

The market of chlorine looks demanding and will continue to drive industrial growth in near future. The economic outlook of chlorine market is witnessing a burgeoning growth owing to its demand across various sector.

For instance, it is being used extensively in production of durable plastics. High-rise buildings where gravity, rain and sunlight can deteriorate conventional pipes, chloride pipes on other hand are stronger and more durable.

Rapid urbanization and industrialization are leading to shortage of clean and hence chlorine water treatment plant are in high demand. Chlorine market is flourish in pharmaceutical industries where its demand its very high, especially in antiseptic and medicines.

The market supply chain is however weakened due to recent CO VID19 pandemic. Furthermore, strict regulations and government policies on chemical industries is not favourable options for new entrants There has been instances of hazardous accidents during transportation of chlorine, which is highly reactive and taxological in nature which further limits the growth of chlorine market.

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Key Players Benchmarking The Chlorine Market

Some of the key players in the Chlorine market are:

BASF SE
Olin Corporation
The Dow Chemical Company
Occidental Petroleum Corporation
Ercros
PPG Industries
Hanwha Chemical Corporation
Formosa Plastics Corporation
De Nora
Ineos Group Ltd
INOVYN
Tata Chemicals Limited
Xinjiang Zhongtai Chemicals Co.Ltd
Tosoh Corporation

An Eye On The Start-Ups

The chlorine start-ups are generating several processor solutions in the market by making use of latest technology to decrease costs and render energy without harming the environments in the past years.

NX Filtration, Dutch start-up develops hollow fibre membranes and modules for nanofiltration and ultrafiltration. Its Ultra range of ultrafiltration membrane is based on modified polyethersulfone (PES) chemistry that retains microorganisms, yeast, and floating particles while enabling proteins, salts, and small organic molecules. Moreover, these membranes have superior chlorine tolerance, pH and enable higher control of the membrane fouling rate.

Key Segments Of The Chlorine Market

By Application:

Isocyanates and Oxygenates
EDC/PVC
Inorganic Chemicals
Chloromethanes
Solvents and electrolysis
Pharmaceuticals
Electronics

By End Use:

Paper and Pulp
Water Treatment
Chemicals
Plastics
Pesticide
Durable Pipes

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Chlorine Market: Regional Analysis

In-depth analysis reveal that North America is leading the market, followed by Europe and Asia-Pacific. Middle east and Latin America are emerging as an attractive market for chlorine and derived products.

Developing nations like China and India where rapid urbanization is contaminating ground water. Chlorine water treatment plants are highly demanding in these countries which account for 3 billion of world population altogether.

Furthermore, cleanliness and sanitation are being considered as a top priority in developing nations, chlorine is a fundamental substance used in all public sanitation program and cleanliness drive.

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Chlorine Disinfectant Market: Sales in the global chlorine disinfectant market are slated to top US$ 2.8 Bn in 2022. Expanding at a healthy 5.0% CAGR, the market size is projected to total US$ 4.2 Bn by 2030.

Chlorinated Isocyanurates Market: Global chlorinated isocyanurates demand is anticipated to be valued at US$ 4.5 Billion in 2022, forecast to grow at a CAGR of 5.3% to be valued at US$ 7.5 Billion from 2022 to 2032.

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Cryogenic Pump Market will Reach a Valuation of over US$ 1,979.6 Million towards 2032-end | Says FMI Analyst

The global cryogenic pump market is projected to reach a valuation of US$ 1,979.6 Mn in 2032, with sales growing at a healthy CAGR of 6.7% over the forecast period of 2022 to 2032. Rising from an average growth rate of 4.6% from 2016 to 2021, the cryogenic pump market is likely to reach an estimated US$ 1,035 Mn by the end of 2022.

Elevated emphasis on solar power generation and focus on the development of solar PV manufacturing have resulted in the market expansion of cryogenic pumps over the forecast period. A vacuum pump that captures gases via condensation on a much cooled surface at a very low temperature of around 120K is categorized as a cryogenic pump.

These pumps are used on a large scale for the transportation, handling, and transfer of cryogenic fluids and liquefied hydrocarbons. The market for cryogenic pumps looks at multiple lucrative opportunities as there is a notable swell in the demand for the product from various end-use industry verticals such as power generation, healthcare, and many others.

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With many industries operating complex procedures involving liquid gases adopting cryogenic pumps, the future prospects of the product look bright during the assessment period. In the oil industry, oil and gas refining and other downstream processes include the consumption of industrial gases such as hydrogen, carbon dioxide, nitrogen, oxygen, and others for chemical synthesis.

Nitrogen and carbon dioxide are further utilized as injection fluids for enhanced oil recovery (EOR) as well as in oil field processes for gas cycling, gas lift, and reservoir pressure maintenance. Thus, the oil and gas industry is a prime consumer of cryogenic pumps and is likely to boost the market possibilities for the product over the projected period.

Though the future looks bright for the cryogenic pump market, there are certain factors that may restrain its upward climb. The efficiency of these pumps is largely dependent on the boiling and freezing temperatures of the gases involved. This factor coupled with leakages and loss of cryogens are elements that may hinder the market growth of the cryogenic pumps over the forecast period.

“Rising demand for energy and power is driving the demand for liquified natural gas (LNG) which in turn fuels the demand for its efficient handling and transportation. This will stimulate the market prospects for cryogenic pump over the forecast period,” says an FMI analyst.

Key Takeaways:

Large-scale application of cryogenic electronics to facilitate market growth.
High cost of raw materials may hinder the production of cryogenic pumps.
In 2022, the cryogenic pump market in North America will hold around 35.7% of the overall market share.
Europe is predicted to generate several profitable opportunities for the market.
Asia Pacific cryogenic pump market is set to account for 15.5% of the total market share.

Competitive Landscape

ACD Cryo AG, Cryostar SAS, Sumitomo Heavy Industries Ltd., Flowserve Corporation, Brooks Automation Inc., Ebara Corporation, Nikkiso Cryo Ltd., PHPK Technologies Inc., Fives S.A., Cryoquip Australiaand others are some of the major players in the cryogenic pump market that are profiled in the full version of the report.

In a highly competitive market, major players are concentrating on product development and new releases. These organizations are also engaged in strategies like facility expansions, partnerships and collaborations to enhance their market presence.

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Key Segments Profiled In the Cryogenic Pump Industry Survey

Cryogenic Pump Market by Pump Functionality:

Centrifugal Cryogenic Pumps
Positive Displacement Cryogenic Pumps

Cryogenic Pump Market by Type:

Bath Cryopumps
Refrigerator Cooled Cryopumps
Supercritical Helium Cooled Cryopumps
Others

Cryogenic Pump Market by Application Gas:

Nitrogen-based Cryogenic Pump
Oxygen-based Cryogenic Pump
LNG-based Cryogenic Pump
Argon-based Cryogenic Pump
Other Gases-based Cryogenic Pump

Cryogenic Pump Market by End Use Industry:

Cryogenic Pump for Energy & Power
Cryogenic Pump for Metallurgy and Mining
Cryogenic Pump for Chemicals
Cryogenic Pump for Other End Use Industries

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More Insights into the Cryogenic Pump Market Report

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

According to the latest FMI reports, based on region, the cryogenic pump market in North America is anticipated to exhibit impressive growth over the forecast period. Accounting for more than 35.7% of the global market share, this regional market is driven by the expanding industrial infrastructure and the growing investments in the oil and gas sector.

In Europe, the cryogenic pump market is expected to hold around 20.9% of the overall market share in 2022. Owing to a heightened focus on clean energy, advancing demand for LNG, and reduction in the number of reloading cargoes at airport terminals in Europe, the market prospects for cryogenic pump is highly positive over the forecast period.

The cryogenic pump market in Asia Pacific displays substantial growth over the forecast period. Gas-based power plants, favorable government policies, and a growing healthcare sector are factors that contribute to the regional market growth during the forecast period.

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Acaricide Market to Reach US$ 399.8 Million, Globally, by 2032 at 4.3% CAGR | Says FMI Analyst

The Global Acaricide Market is forecast to be worth US$ 399.8 million by 2032, up from US$ 262.4 million in 2022 and the forecast period achieve a CAGR of 4.3%. In agriculture and livestock, acaricides and acaricides are practical pesticides to prevent disease and protect livestock and crops.

A growing population, shrinking arable land and a drive towards environmentally responsible agriculture are all contributing to the increase in the use of miticides worldwide. Acaricides are pesticides that kill ticks and mites and help animals gain immunity against various infectious diseases. Acaricides work by interfering with the nerves, muscles, respiration and growth of mites and ticks.

Cattle farmers need to use acaricides to prevent tick infestation and injury to animals. Losses due to tick infestations can be considerable and ticks cause paralysis and physical damage to cattle. Some acaricides might be toxic to fishes and other wildlife and have to be applied cautiously to prevent damage to ecosystem.

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A large variety of diseases are transmitted by ticks that severely affect the livestock. Major diseases transmitted by ticks include theileriosis, heartwater, anaplasmosis, and babesiosis. In order to stop the transmission of diseases, the ticks need to be killed before they feed on vulnerable animals and transmit diseases to other organism.

Use of chemical acaricides is the most common and effective method of killing ticks. Emerging economies such as Asia pacific, Latin America and Eastern Europe represent major markets for acaricides due to high cattle farming in these regions.

Rising population is triggering high demand for agricultural output and meat consumption globally. Growth in crop and meat consumption is further expected to boost the global acaricides market over the forecast period of 2016-2026.

Drivers and Restraints

Emerging markets such as Brazil, India and China, with rapidly growing populations and faster economic growth, have steadily increased their meat as well as crop/ grain consumption. The increase in consumption of meat is expected to be major driver for acaricides market growth globally.

The rising demand for dairy products and new developments in crop industry are also among key driving factors for the acaricides market.

However, certain species of ticks and mites have developed resistance to acaricides, which pose certain limitations to acaricides market growth. High raw material cost and various stringent government regulations are also expected to hamper the growth of acaricides market over the forecast period.

Regional Outlook

Regionally, the acaricides market is segmented into seven key regions namely- North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Middle East & Africa and Japan. Emerging economies of Asia Pacific, Latin America and Eastern Europe are expected to represent fastest growth in global acaricides market.

China and India are major consumers of acaricides due to intensive cattle farming. The use of acaricides to the control ticks growth has improved the viability of cattle farming in these countries. In contrast, demand for acaricides in North America, Western Europe, Japan, and South Korea will be moderate due to market maturity and already high use rates.

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Market Players

Some of the key players included in this study of global acaricides market are Bayer AG, Syngenta, Monsanto, DuPont, BASF SE, The Dow Chemical Company, Makhteshim, Nufarm, Sumitomo Chemicals and Arysta Lifescience.

Acaricide Market Segmentation

Acaricides market is segmented on the basis of type, application, mode of application and region.

On the basis of type, the acaricides market is segmented into the following segments:

Natural
Arsenicals
Chlorinated  hydrocarbons
Organo-phosphorous compounds
Others

On the basis of application, the acaricides market is segmented into the following segments:

Animal husbandry
Agriculture
Others

On the basis of mode of application, the acaricides market is segmented into the following segments:

Dipping vat
Spray
Spray race or Spray dip machine
Hand dressing
Others

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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Rodent Control Pesticides Market: Newly released Rodent Control Pesticides Market analysis report by Future Market Insights shows that global sales of Rodent Control Pesticides Market in 2021 was held at US$ 5.6 Bn.

Organophosphate Pesticides Market: The organophosphate pesticides market is projected to register a CAGR of 5.2% during the forecast period, up from US$ 8.54 Bn in 2021 to reach a valuation of US$ 14 Bn by 2032.

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Boric Acid Market to Receive Overwhelming Hike USD 1,409 Million in Revenues by 2032 | Says FMI Analyst

The global boric acid market is expected to grow from US$840.7 million in 2022 to US$1,409 million in 2022 Year 2032 will grow at a CAGR of 5.3% over the forecast period. Increasing demand for electricity, increased awareness of energy saving techniques and the rapid pace of urbanization are driving the demand for boric acid.

In addition, increasing investment in the glassmaking, cosmetics and construction industries in will be driven by the growing population and purchasing power of emerging economies. Boric acid also known as hydrogen borate, orthoboracic acid, and boracic acid is odorless, white, weak monobasic acid. It has a crystalline structure usually available as a water-soluble powder form.

The global boric acid market is expected to have significant growth rate, attributed to growing energy saving appliances market. Asia-Pacific except Japan has substantial growth in the global boric acid market, attributed to the growing demand for energy due to rapidly growing population in the region, especially in China and India.

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Global Boric Acid Market Dynamics:

The growth of the global boric acid market is driven by growing demand for boric acid in energy saving appliances such as insulation of residential and commercial buildings. Macroeconomic factors such as rising per capita income and employment rate as well as the rapid rate of industrialization driving the global boric acid market.

Growing demand for fiberglass, growing energy needs, rising awareness of energy conservation methods, and rapid rate of urbanization also fueling the demand of global boric acid market. Utilization of boric acid in energy generation from oil trending the global boric acid market.

Some other factors trending the global boric acid market include high demand for electronic devices, glazed ceramics, and LCD televisions. The company providing the boric acid have significantly high opportunity in regions such as Asia-Pacific, Middle East & Africa, and Latin America attributed to the significantly growing industrial economy.

The boric acid market also has a significant opportunity in the North America and Western Europe region, attributed to growing construction industry in the region.

Global Boric Acid Market Segmentation:

The global boric acid market is segmented on the basis of end-user, application, distribution channel, and region. On the basis of end-user, the boric acid market is segmented as tiles, ceramic and fiberglass, agriculture, wood preservation, pharmaceuticals, and cosmetics.

Among the end-user segment, manufacturers of ceramic and tiles and fiberglass segment contribute for the significant revenue share over the forecast period in the global boric acid market.

On the basis of application, the global boric acid market is segmented as industrial/commercial and household, wherein industrial/commercial have significant revenue share and are expected to have substantial growth rate. On the basis of a distribution channel, the boric acid market is segmented as wholesale, e-Commerce, and retail shop.

Retail shop segment is further fragmented as hypermarket/supermarket, independent shop, and convenient shop. Among the distribution channel segment, wholesale segment contributes for the significant revenue share over the forecast period in the global boric acid market.

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Global Boric Acid Market Player:

Few players in the global boric acid market include Borax, Tomiyama Pure Chemical Industries, 3M, Sociedad Industrial Tierra, Avantor Performance Materials, Societa Chimica Larderello (SCL), BASF, Russian Bor, Searles Valley Reserves, Eti Maden, Minera Santa Rita (MSR), Gujarat Boron Derivatives, and Quiborax.

Key Segments Profiled in the Boric Acid Market Survey

By End-User:

Tiles, Ceramic, and Fiberglass Manufacturers
Flame Retardants
Agriculture
Wood Preservation
Pharmaceuticals
Cosmetics

By Application:

Industrial/Commercial
Household

By Distribution Channel:

Wholesale
E-Commerce
Retail Shop
Hypermarket/Supermarket
Independent Shop
Convenient Shop

Global Boric Acid Market Regional Outlook:

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

Among the regions, North America accounts for a significant share of the global boric acid market in terms of value, attributed to rising employment rate and rising disposable income. Western Europe revenue share is followed by North America region in the global boric acid market, whereas the growth of the boric acid market is relatively low than other regions.

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The Asia-Pacific except Japan region accounts for significantly high volume share in the global boric acid market with significant growth rate, owing to the rapid growth of construction industry in the region particularly in countries such as India and China. Eastern Europe and Japan also accounts for significant value share in the global boric acid market.

The developing economy such as Middle East Africa and Latin America have a substantial growth in the global boric acid market, owing to the increasing durability, demand for lightweight, strength, higher thermal efficiency, eco-friendly insulation products over the forecast period. Overall, the outlook for the global boric acid market will have a positive growth over the forecast period.

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Fluoroboric Acid Market: The fluoroboric acid market is projected to register a CAGR of 3.15% during the forecast period, up from US$ 2.12 Bn in 2021 to reach a valuation of US$ 3 Bn by 2032.

Acid Proof Lining Market: The global acid proof lining market size is projected to reach a valuation of US$ 11,896.7 Mn in 2032 and exhibit growth at a CAGR of 6.2% in the forecast period from 2022 to 2032.

Acidity Regulator Market: Global Acidity Regulator demand is anticipated to be valued at US$ 7 Billion in 2022, forecast to grow at a CAGR of 8.62%to be valued at US$ 16 Billion from 2022 to 2032.

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Cold Insulation Market Worth US$ 14.89 Billion by 2032, Growing at a CAGR of 8.1% From 2022 | Says FMI Analyst

The Global Cold Insulation Market is expected to be valued at $6,835.6 million in 2022, forecasts annual growth of 8.1% worth $14,894.8 million from 2022 to 2032 . The growth is attributed to increased demand in the oil and gas industry. Between 2016 and 2021, the thermal insulation market recorded a CAGR of 5.6%.

A technology implemented in industrial operations that are aimed at mitigating the loss of energy across various infrastructures and improving their energy efficiency is referred to as cold insulation. With the increasing growth of industrialization, especially in the HVAC sector as well as refrigeration sector, the demand for various types of cold insulation materials is increasing.

Leading players in the cold insulation market are aiming to introduce versatile materials including polystyrene foam, fiberglass, phenolic foam, and polyurethane foam, in order to meet the specific needs of a wide range of end users, and gain an edge in the global landscape.

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Oil & Gas Industry to Trigger Environment-friendly Cold Insulation Materials

The global oil & gas industry is among the biggest consumers of cold insulation materials, mainly due to the burgeoning use of cryogenic insulation equipment in a majority of industrial applications.

Oil & gas end users are bolstering the use of efficient cold insulation materials in cryogenic operations in which very low temperatures need to be maintained while mitigating the loss of energy. This is one of the most prominent factors that are likely to influence growth dynamics of the global cold insulation market

On the other hand, the awareness about the harmful environmental impact of oil & gas industrial activities as well as cold insulation materials is encouraging oil & gas industry players to switch environment-friendly alternatives to traditional cold insulation materials.

The growing use of various cryogenic gases including Liquefied Petroleum Gas (LPG) and Liquefied Natural Gas (LNG), is further triggering the demand for cold insulation materials with low carbon footprint, and this will further improve the sales potential in the global market.

Cold Insulation Market: Region-wise Analysis

Geographically, the global cold insulation market is divided into seven regions – North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa.

A mounting number of stakeholders in the global market for cold insulation are witnessing lucrative opportunities in North America, as the region is a leading consumer of advanced materials that are commonly used to improve the efficiency of operations and enable end users to gain better control over all those processes.

The region is also exhibiting a high level of demand for innovative materials that can minimize the impact of various industrial activities on the environment, and this is among the primary factors that will continue to create new opportunities for stakeholders in the North America cold insulation market.

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Apart from North America, developing countries in the Asia Pacific region, especially China, are accounting for a substantial share in the global consumption of cold insulation, owing to the rise of industrialization. Constantly bolstering investments in the manufacturing and construction industries in the region are continually contributing to the increasing demand in the region.

In the Middle East & Africa, developing countries such as Nigeria, Kenya, and South Africa are expected to witness the implementation of strict energy efficiency regulations, and this is expected to push the growth of the cold insulation market in the region. In addition, increasing development of infrastructure will further drive growth of the cold insulation market in the region.

Market Competition

Some of the key participants present in the global cold insulation market include:

The Dow Chemical Company, Huntsman Corporation, Armacell International Holding GMBH, Evonik Industries, Bayer Material Science, Pittsburgh Corning Corporation, Knauf Insulation, Aspen Aerogels Inc., Arabian FiberGlass Insulation Company Ltd., BASF SE, Fletcher Insulation Group, Kingspan Group PLC, Bradford Insulation Industries Ltd., Itw Insulation Systems among others.

Attributed to the presence of such a high number of participants, the market is highly competitive. While global players such as The Dow Chemical Company, Huntsman Corporation, Armacell International Holding GMBH, and Evonik Industries account for considerable market size, several regional level players are also operating across key growth regions, particularly in the Asia Pacific.

Cold Insulation Market: Segment Analysis

The cold insulation market can be segmented on the basis of the following:

By Type

Polystyrene Foam
Fiberglass
Phenolic Foam
Polyurethane Foam
Others

By Application

Oil & Gas
HVAC
Refrigeration
Chemicals
Others

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Report Highlights

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies

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

OEM Insulation Market: As per latest industry analysis published by FMI, the global OEM insulation market was valued at around US$ 14.5 Bn in 2021, and is projected to accelerate at a CAGR of 3.9% to top US$ 19.6 Bn by 2028.

Fireproof Insulation Market: Fireproof insulations are used to combat the spread of flames in case of fire disaster and helps in protecting the load bearing structure of the building, investments and human lives.

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Braze Alloys Market is Anticipated to Touch a value of nearly US$ 4,081.3 Million in the year 2032 | FMI

The valuation of the Braze Alloys Market in 2022 is US$2,678.9 million. It is expected to grow at a CAGR of 4.3% during the forecast period, with the market expected to reach a valuation of US$4,081.3 million in 2032. Increasing adoption of recycling processes to promote sustainability, growth of the automotive sector and several other factors could increase sales of brazing alloys over the forecast period.

The global braze alloys market is witnessing an upsurge in recycling processes as manufacturers are innovating novel approaches for cost-effective manufacturing of braze alloys. Leading players in the global aluminum industry are also banking on innovative approaches for development, identification, and implementation of economical solutions to optimize the benefits of aluminum recycling.

Further, market players are focusing on automating and optimizing processes through pre-sorting, shredding, and separation methods that help recycled braze alloys to achieve favorable characteristics.

Global Braze Alloys Market – Growth Drivers

Braze alloys are witnessing significant demand from the automotive industry, where in they are used in condenser and evaporator connections for air-conditioning systems, fuel injection pipes, and brake linings.

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The end-use industry has been striving to develop lightweight automotive components. Copper and aluminum based braze alloys are light in weight and offers superior performance. Moreover, adoption of braze alloys would surge in the coming years, given considerable investments in automobile production in developing regions.

Moving ahead, braze alloys are also finding huge application in aerospace industry, as they are crucial in manufacturing of aircraft components that are highly resistant against high temperature and pressure, and corrosion.

Furthermore, rise in usage of recycled aluminum metal-based braze alloys in aerospace industry will provide lucrative opportunities for market players.

Global Braze Alloys Market – Growth Restraints

Fluctuating prices of raw materials, used in manufacturing of braze alloys, are a major concern for market players. Inadequate capacity and slumping manufacturing activities are disturbing the supply chain of braze alloys market.

Copper is the base metal in the production of copper-based alloys. As such, volatilities in process of manufacturing copper-based braze alloys is projected to have adverse impact on market growth.

Impact of COVID-19 on Global Braze Alloys Market

The COVID-19 pandemic is severely affecting the revenue pool of braze alloys market. Interruption in manufacturing process of automobiles in APAC and Europe has significantly reduced the demand for braze alloys. Industries are not focusing upon new launches of vehicles, rather they are concentrating on sales of previously manufactured vehicles.

Going forward, reduced flight operations have halted the manufacturing of aircrafts. As such, continual need of maintenance have decreased amidst the COVID-19 pandemic.

China is the largest producer of raw material for braze alloys. Due to the second wave of pandemic, government has imposed lockdowns and slowed down international transportation. This, in turn, is putting strain on net profit of manufacturers.

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Global Braze Alloys Market – Regional Analysis

Asia Pacific (APAC) would remain in the vanguard of the global braze alloys market both in terms of revenue share and CAGR. Rapid growth of end-use industries such as aerospace, automotive, and construction is majorly molding the regional market.

Moreover, governments are playing a crucial role by scaling up their investments in infrastructure development projects, especially in countries – China, Japan, and India. While APAC’s market has been making significant strides, the braze alloys market in North America is also offering relevant revenue creation prospects. Represented by the US, North America accounts for around half of the global aerospace industry revenue.

Key players in global braze alloy market includes,

Johnson Matthey Plc.
Morgan Advanced Materials plc.
Lucas-Milhaupt, Inc.
Oerlikon Metco
Umicore N.V.
Bellman-Melcor LLC
Harimatec Czech
s.r.o.
Indian Solder
Braze Alloys
VBC Group.

Global Braze Alloys Market – Competitive Landscape

The global braze alloys market is fairly consolidated comprising limited number of players. These market leaders are innovating new approaches for manufacturing braze alloys to maintain sustainability.

Manufacturers are adopting artificial intelligence (AI), for pre-sorting, shredding, and separation of metals. Further, strategic activities such as acquisitions and capacity expansions are shaping the competitive landscape.

Global Braze Alloys Market – Segmentation

The global braze alloys market is segmented on the basis of following,

By Product Type

Copper
Gold
Silver
Aluminum
Others

By Application

Automotive
Electronics
Aerospace
Others

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Report Highlights

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

Superalloys Market: Superalloys or high performance alloys are the metallic alloys that possess high strength, significant surface stability, corrosion resistance and creep resistance at high temperature.

Nickel Alloy Market: With evolving technologies the material demand in various sectors has evolved significantly, be it automotive, aerospace, marine, electronic components, oil & gas machinery etc.

High Temperature Alloys Market: According to latest research by Future Market Insights, High Temperature Alloys market is projected to show stable expansion, growing at a CAGR of 5-6% during forecast period 2021-2031.

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