Ethylene Carbonate Market is Expected to Reach a Valuation of USD 559.6 Million in 2032 | Says FMI Analyst

The global ethylene carbonate market is projected to expand at a 6.2% CAGR during the forecast period between 2022 and 2032, finds Future Market Insights (FMI) in a recent market analysis. Ethylene carbonate sometimes known as EC is an organic compound. At room temperature, it is a transparent crystalline solid and soluble in water and is odorless and colorless compound. Ethylene carbonate has various applications in different end-use industries such as automotive, and oil & gas.

Growing usage of lithium-ion batteries in electric vehicles will augment the growth in the market. Ethylene carbonate is one of the most reactive solvents relevant to lithium-ion batteries (EC). Increasing sales of electric vehicles are bolstering the demand for Li-ion batteries, thereby favoring the growth in the ethylene carbonate market.

Ethylene carbonate is an important reactive intermediate in the production of lubricants and greases. Lubricants are widely used in the manufacturing and transportation industries to ensure smooth operation of the object. Consumption of ethylene carbonate is expected grow across the industrial, automotive, and oil and gas sectors, where lubricants are widely used.

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As per FMI, the global ethylene carbonate market is expected to be dominated by East Asia and the trend is predicted to continue during the forecast period. The ethylene carbonate market in East Asia is projected to top US$ 175.0 Mn by 2032.

“Over the assessment period, sales of ethylene carbonate are expected to be driven by its consumption in lithium battery electrolytes & lubricants across the globe, followed by plasticizers and surface coatings.” says an FMI analyst.

Key Takeaways:

  • Based on application, the lubricants segment is projected to hold approximately 32% of the total market share in 2022.
  • Sales in the lithium battery electrolyte segment will grow at 6.4% CAGR through 2032.
  • In terms of end use, demand in the automotive segment will reach a valuation of US$ 204.1 Mn by 2032.
  • The India ethylene carbonate market is forecast to expand at a 6.8% CAGR over the assessment period.
  • The China ethylene carbonate market will reach a valuation of US$ 127.3 Mn by 2032.
  • East Asia will emerge as an attractive ethylene carbonate market, creating an incremental dollar opportunity of US$ 83.5 Mn over the forecast period.

Competitive Landscape         

Huntsman Corporation, BASF SE, Oriental Union Chemical Corporation, Mitsubishi Chemical Corporation, Toagosei Co., Ltd., Asahi Kasei, Shandong Shida Shenghua Chemical Group, Shandong Senjie Chemical, Zibo Donghai Industries, and others are some of the leading players operating in the global ethylene carbonate market.

Key players are investing in mergers, acquisitions, and collaborations to improve their product potfolios. They are also investing in production facility expansions to cater to the growing demand from various end use sectors. For instance:

  • In June 2021, Huntsman Corporation’s Performance Products division announced plans to significantly increase its existing capacity for ULTRAPURETM Ethylene Carbonate at its Conroe, Texas facility by mid-2023. ULTRAPURETM Ethylene Carbonate is essential for the safe operation and long life of lithium-ion batteries used in electric vehicles (EVs) and electronics.

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More Insights into the Global Ethylene Carbonate Market Report

In its latest report, FMI offers an unbiased analysis of the Global Ethylene Carbonate market, providing historical data for the period of 2017-2021 and forecast statistics for the period of 2022-2032.

To understand the global market potential, its growth, and scope, the market is segmented based on product form (solid & liquid), by application (lithium battery electrolyte, plasticizers, lubricants, surface coatings, and others), by end-use industry (oil & gas, automotive, pharmaceuticals, and others) & by region ( North America, Latin America, Europe, East Asia, South Asia & Pacific, and Middle East & Africa).

About FMI – Chemicals and Materials

The Chemicals and Materials division of FMI offers a distinct and pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and nanotechnology in particular, with special emphasis on ‘green alternatives’, recycling and renewable technology developments, and supply-demand-trade assessment. Our research studies serve as referencing market guidelines for chemical manufacturers, research institutions, channel partners, and government bodies for developing – ‘The Way Forward’.

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Fire Retardant Coatings Market is Set to Reach a Valuation in Excess of USD 9.17 Billion in 2032 | Says FMI Analyst

Fire retardant coatings work on the basis of the ability to suppress the production of gases produced at the time of combustion process. Additionally, fire retardant coatings required relatively low maintenance cost – this is one of the superior property of fire retardant coatings for gaining acceptance in several end use industries.

In order to fulfill this requirement, fire retardant coatings are mainly utilized to protect the flammable as well as non-flammable products. Fire retardant coatings are convenient to apply and it helps to arrest the subsequent spread of fire on target object.

An event of fire breakout can cause human fatalities and damage of equipment and related property in domestic, commercial or industrial establishments. The protection from the fire inflammation is thus becoming increasingly important for the consumers.

Fire retardant coatings have been formulated in numerous types depending upon base composition and substrate type. According to composition, fire retardant coatings are generally boron-based and phosphorus-based fire retardant coatings.

Further, by product type, fire retardant coatings have two types including non-intumescent and intumescent fire retardant coatings. The fire retardant coatings finds a wide range of applications in industrial, residential, and commercial sectors.

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Global Fire Retardant Coatings Market: Market Dynamics

Owing to the growing infrastructure of the industrial and commercial sector and related electric supply and processes including fire place where rate of accident is on the higher probability, the preference of fire retardant coatings has grown in recent times.

The equipment used manufacturing facilities such as automotive, construction, and oil & gas industries from past few can be prone to fire break out. Also with mandated HSE (health, safety and environment management) norms, the adoption of fire retardant coatings is rapidly growing among numerous end-use sectors and also helping the end user to benefit from insurance claims on event of severity.

Also the need of fire retardant coatings have also finding significantly in electronic and electrical goods whose internal circuitry when exposed high rate of current can cause spark or severe combustion. Furthermore, fire retardant coatings have been an integral part of protective clothing and equipment market for the end user to safeguard against all types of fire breakouts.

Another critical application of fire retardant coatings has been in the area of building materials which needs to be compliant at the basic level of fire breakout for the building establishment to be rated as safe for inhabitation.

The above said factors have been instrumental in driving the global fire retardant coatings market positively since the inception of the product. Currently, the manufacturers of fire retardant coatings have been emphasizing on the research and development activities to launch the innovative solutions to fulfill the specific and high end applications and also undergoing technical marketing consisting of product training and education based activities so as to augment their volume sales and thereby increase market penetration across a higher range of end use industries.

The government agencies of various countries have been developed the rules and regulation to avoid fire accidents worldwide, thus, the adoption of fire retardant coatings is being a priority. For instance, National Fire Protection Agency (NFPA) regularized the rule NFPA 703 – this standard provides fire retardant coatings for building materials

On the flip side, fire retardant coatings swell under the influence of heat to form a multicellular charred layer, which acts as an insulating barrier. Further, extensive inflation in prices of raw materials of fire retardant coatings expected to hamper the global fire retardant coatings market growth.

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In FY 2018, PPG Industries – manufacturer of fire retardant coatings introduced its new product – PPG PITT-CHAR NX epoxy intumescent coating (a type of fire retardant coatings), having low weight, low coating thickness, etc. for its end-use customer i.e. oil & gas and petrochemical industries. This kind of organic growth across the competition landscape acts as a key trend for global fire retardant coatings market.

Global Fire Retardant Coatings Market: Regional Outlook

Geographically, the global fire retardant coatings market can be segmented into seven key regions. Rapid industrialization and modernization will continue to drive market growth in developed economies. The regions like the Asia Pacific, Latin America, and MEA anticipated propelling the demand for fire retardant coatings in near future, due to increasing industrial infrastructure and concern towards the protecting property and safeguards across the regions.

Global Fire Retardant Coatings Market: Industry Participants

The global fire retardant coatings market has a number of small as well as international manufacturers at a regional level. Few key players are identified across the value chain of global fire retardant coatings market which has been listed below –

  • NIPPON PAINT Co. Ltd.S
  • Noble Paints
  • HEMPEL
  • Akzo Nobel
  • PPG Industries
  • Carboline
  • Kansai Paints
  • Jotun
  • Promat International
  • Nullifire
  • GCC Applied Technologies
  • Isolatek International

The global Fire retardant coatings research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. Global Fire retardant coatings market also contains projections using a suitable set of assumptions and methodologies. The research report on global Fire retardant coatings market provides analysis and information according to market segments such as geographies, application, and industry.

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Global Fire Retardant Coatings Market: Market Segmentation

The global fire retardant coatings market can be segmented on the basis of product type, material type, End-use Industry, and regions. On the basis of product type, global fire retardant coatings market can be segmented as mentioned below:

  • Non-intumescent Fire Retardant Coatings
  • Intumescent Fire Coatings

On the basis of materials, the global fire retardant coatings market can be segmented as mentioned below:

  • Boron-based Fire Retardant Coatings
  • Phosphorus-based Fire Retardant Coatings

On the basis of end-user industry, global fire retardant coatings market can be segmented as mentioned below:

  • Automotive
  • Oil & Gas
  • Construction
  • Electrical & Electronics
  • Aerospace
  • Marine
  • Furniture
  • Textile
  • Others

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Chocolate Bar Packaging Market to Witness an Outstanding Growth by 2032

The chocolate bar packaging market is expected to grow at a CAGR of 6% during the period 2022-2032. The market is valued at US$ 48 Bn as of 2022. By 2032, the chocolate bar packaging market is expected to be valued at US$ 85.96 Bn.

Chocolates are commonly bought on an impulsive decision made by the buyer so packaging plays a vital role in sales of chocolate bars. Chocolate is a heat sensitive product hence chocolate requires packaging that particularly addresses the issue of maintaining quality in high temperature. Commonly multilayer packaging is used for packaging of chocolate bars. Chocolate bars have a primary layer of very thin aluminum foil wrapped by a thin film of paper and a secondary packaging of plastic wrapper or a box. An aluminum layer is to protect the chocolate in case external packaging gets damaged, and secondary packaging is used by manufacturers for brand building and for communicating with the consumers about the product and the company.

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Chocolate is consumed as a luxury product and as a common snack. Packaging manufacturer uses different packaging type and designs to justify the end use of the chocolate bars. Regardless of the age chocolate is enjoyed by everyone across the world. However, as chocolates are not an essential part of diet, its demand in any region is co-related to the consumer disposable income and lifestyle in the region.

Chocolate Bar Packaging Market: Market Dynamics

The innovations in packaging play a significant role in improving the marketability of a product. Packaging market is estimated to be around US$ 824 Bn and is expected to grow at a CAGR of 4% over the forecast period. The use of chocolates for any celebrations and occasions is the key driver for supporting the demand for chocolate while influencing chocolate bar packaging market. The need of protecting the chocolate from losing its integrity during transit and storing chocolate packaging can play a vital role. The ability of packaging to categorizing the chocolate as a luxury consumable or a regular snack can support the chocolate bar packaging market. However, not being considered as a healthy snack for regular consumption the demand for chocolate bar packaging market may not proliferate.

The function in the disposable income of a region may affect the demand for the chocolate in that region while significantly hampering the chocolate packaging market. However, the increasing influence of the western culture in the eastern world can increase the consumption of the chocolate while providing new opportunities for the chocolate bar packaging market.

Chocolate Bar Packaging Market: Regional Outlook

Regionally global chocolate bar packaging market is segmented into

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • Asia-Pacific excluding Japan (APEJ)
  • Middle East & Africa (MEA)
  • Japan

Western Europe and Latin America region is expected to contribute for the major portion of chocolate bar packaging market over the forecast period owing to the cultural practices and consumer lifestyle supporting the demand for chocolates in the region.  APEJ region is expected to follow the Western Europe owing to the presence of densely populated areas in the region. The demand for chocolate bar packaging market in North America is expected to grow at a steady rate. While MEA and Eastern Europe is expected to exhibit a sluggish demand for chocolate bar packaging market over the forecast period.

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Chocolate Bar Packaging Market- Key Players:

Some major players of the chocolate bar packaging market are Swiss Pac Pvt. Ltd., ATP – Engineering & Packaging, S.L, Futuristic Packaging Pvt. Ltd., Shantou Weiyi Packaging Co., Ltd., Baoding City Zhenghui Printing & Packing Industrial Co., Ltd., Shenzhen Dingqi Pack Co., Limited, Wenzhou Guoxin Packaging Co., Ltd., NITTOPACK CO., LTD., Tianjin Gorgeous Packing Material Co., Ltd., Shenzhen Proyu Technology Co., Limited, Jiangyin Sunkey Plastic Packaging Co., Ltd.

The report covers exhaustive analysis on:

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

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil and Rest of Latin America)
  • Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg and Rest of Western Europe)
  • Eastern Europe (Poland, Russia and Rest of Eastern Europe)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, and Rest of MEA)

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

Chocolate Bar Packaging Market: Market Segmentation

Chocolate bar packaging market is segmented by material type and by packaging type.

Based on the types of materials used, chocolate bar packaging market is segmented into:

  • Paper
  • Plastic
  • LDPE
  • PVC
  • PET
  • PE
  • Foil
  • Aluminum

Based on the types of packaging, chocolate bar packaging market is segmented into:

  • Wrappers
  • Boxes
  • Secondary packaging (Pouches, Bags)

Report Highlights:

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

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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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Steel Drum Market Future Strategies and Growth Forecast till 2031

Steel drums have emerged as preferred rigid packaging solutions as they are increasingly used for transporting hazardous and non-hazardous material. According to a study by Future Market Insights (FMI), the steel drums market is forecast to register steady growth on the back of increasing applications in industries such as chemicals, food & beverages, petroleum & lubricants, healthcare & personal care, building & construction, paints, inks, & dyes, and others. Driven by this, the steel drums market is forecast to reach nearly US$ 11. 4 Bn by 2021.

Growth forecast for the market remains positive in response to the consistently rising demand for safe & secure and cost-effectiveness solutions. Steel drums are often preferred for transporting chemicals because they are environmentally friendly, fire resistance, and have various other advantages. Considering the availability, steel drums are available in two different materials, stainless steel and carbon steel. Of these, carbon steel is preferred more.

Over the past few years, the steel drum is gaining popularity among various end-use industries especially for storage and transportation of liquid materials as it offers safe and secure packaging solution. Also, rising concerns about sustainability is creating growth opportunities. Future Market Insights forecasts the market to continue growing at a positive rate between 2021 and 2031.

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Key Takeaways from Steel Drum Market

Driven by rising demand for effective packaging solutions, steel drums market will rise at 5% CAGR between 2021 and 2031

Within the U.S., the chemicals industry will account for maximum sales of steel drums

Moderate growth is likely in the U.K. market, driven by increasing application in chemicals and petroleum & lubricants industries

Germany and France will remain highly lucrative markets for steel drums within Europe

Exceptional growth is likely in China, as demand continues increasing across diverse industries including chemicals, paints, inks & dyes, and petroleum & lubricants sectors

 “Companies operating in the market are focusing on improving designs of steel drums to make them more light-weight, efficient, and cost-effective. Also they are focusing on expanding footprint via strategic collaborations,” says an FMI analyst. 

Key Segments Covered In Steel Drum Industry Research

Capacity:

55 Gallon

Other than 55 Gallon

Head Type:

Tight Head

Open Head

Material:

Carbon Steel

Stainless Steel

End-Use:

Chemicals

Petroleum & Lubricants

Paints, Inks, & Dyes

Food & Beverages

Building & Construction

Rise in Demand for Steel Drum in Chemical Sector Augmenting Sales

The demand for steel drums in the chemical industry is rising due to the changing way of industrial packaging solution by pooling and leasing the containers and drums. The standards for using steel drums are set by various countries and various regulations such as the U.S. Department of Transportation (DOT), United Nations regulations. Majorly the steel drums are used by the chemical industry to store and transport hazardous and non-hazardous materials.

Also, the steel drum offers high safety and easy warehousing benefit which bolster their demand in the chemical industry. The steel drum is highly used for liquid chemicals in the global industrial packaging market. The chemical segment is expected to hold more than 35% of the steel drums market and estimated to witness faster-growing demand in the next five years, owing to favourable transportation regulations and international trade.

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Steel Drum Market Landscape

Greif Inc., Mauser Packaging Solution, and SCHÜTZ GmbH & Co. KGaA are the top players operating in the steel drum market. Furthermore, Time Technoplast Ltd., Balmer Lawrie & Co. Limited, Nippon Steel Drums Co. Ltd., are some of the companies operating in the steel drum market. The Tier 3 players in the market hold 75-80% in the global steel drum market.

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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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Paper Cups Market  to Reap Excessive Revenues by 2021-2031

Paper cups are used in food and beverage, household and institutional sectors. Their high utility across the spectrum can be attributed to their low-weight, eco-friendly nature, cost-effectiveness, and high recyclability. According to a Future Market Insights (FMI) report, the market is expected to surpass US$ 9210 Mn in 2021, at a CAGR of 4.5% between 2021 and 2031

Driven by growing emphasis on better consumer experience, the paper cups market saw steady growth rate of 4.5% CAGR between 2021 and 2031, reaching valuation of around US$ 9210 million by the end of the year.

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Amidst banning of single use plastics across the globe and growing efforts to eliminate plastic from packaging has led to emergence of paper based packaging items as a feasible solution. This has lead to adoption of paper cups in food service industry over past few years.

Rising establishment of quick service restaurants in emerging economies and adoption of take away culture to suit the need of convenience will drive the paper cups demand during the forecast period.

Increasing focus on developing recyclable, biodegradable and plastic free cups, high demand for packaged foods and incorporation of disposable products in online food delivery services will further accelerate the market growth.

Presence of fast food giants and rising awareness in western countries regarding harmful effects of plastic has boosted the adoption of paper cups in such region. Market players are emphasizing on penetrating emerging economies of Asia and Africa due to surge in opening of fast food joints, rise in millennial and working population and soaring popularity of dining out in these countries.

Emergence of online food services and adoption of on-the-go services will create opportunities for market growth. Increasing installation of modern vending machines in high crowd locations like railways and airport to provide better consumer experience will positively influence the market growth in upcoming years.

Key Takeaways from FMI’s Paper Cups Market Study

The U.S. will drive the paper cups market in upcoming years due to establishment of modern food service industries in urban cities of the country. Increase in disposable income of people, and busy lifestyle will further accelerate the market growth.

Establishment of new fast food joints and coffee and beverage shops in GCC countries will boost the demand for paper cups in the region.

China will offer lucrative opportunities for paper cups market expansion. Improvements in recycling infrastructure, boosted tourism, and high consumption of tea and coffee will drive the paper cup market growth.

India paper cups market is forecast to experience substantial demand during the forecast period owing to improved standards of living, changes in consumer lifestyle habits, and ban of single use plastics in the country.

More than 65% of global paper cups market sales comprises of hot beverage cups owing to increasing demand of on-the-go coffee by millennials.

Emergence of eating out trend rather than eating home cooked meals will create an absolute dollar of opportunity worth more than US$ 1.4 billion over the forecast period.

 “Implementation of strict regulations on plastic waste generation WILL drive the sales of paper cups to reduce pollution. Rising demand for disposable and biodegradable packaging to cater to busy lifestyle will boost the paper cups market growth throughout the forecast period,” says the FMI analyst.

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Competitive Landscape

Future Market Insight (FMI) explains the recent competitive scenario in the paper cups market along with different strategies employed by manufacturers to gain significant edge.

Key players in the paper cups market are focusing on new product development to gain popularity among end users.

For example, in December 2020, BrandBase introduced the world’s first plastic-free disposable coffee cup called “Jungle Cup” which biodegrades within 12 weeks without any external processing.

In January 2020, Lavazza Professional introduced biodegradable and recyclable cup especially for vending machines.

In July 2019, Huhtamaki announced its new 100% PEFC (Programme for the Endorsement of Forest Certification) certified paperboard made “Bioware Impresso” double walled hot cup as a part of its existing Bioware compostable range.

The report also states that manufacturers are also focusing on the expansion of businesses in the developing markets owing to booming fast food industry in those regions and partnering with new value chain participants to achieve sales growth.

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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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Digital Textile Printing Market Expectations and Growth Trends Highlighted Until 2029

The global digital textile printing market is anticipated to clock a remarkable CAGR of 16.3% over 2022-2029, as suggested by a new Future Market Insights (FMI) report. This astonishing market growth is majorly driven by increasing penetration of the printing sector in developing markets such as China, Mexico, and India, and technological advancements that have taken place over time.

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Potential Impact of COVID-19

In light of the measurable impact of the COVID-19 pandemic on the printing industry, FMI projects that, industry players will most likely fail to meet their financial targets due to considerable supply chain disturbance, led by reduced customer demand. Alerted by the current market situation, leading players are building essential operational flexibility to survive the pandemic.

In addition, the pandemic has triggered implications to digitally transform workplaces in order to better serve end users and thrive over the course of the following years. This crisis will possibly create a fertile ground for potential transformation of the digital textile printing market, as stated by the FMI study.

Manufacturers are slowly making developments in quality digital textile printing technology, and thus, flexography and lithographic printing technology providers are slowly shifting to digital printing processes.

Growth outlook of the digital textile printing seems promising, owing to its numerous characteristics and use of advanced technology. The U.S. and Canada are projected to offer lucrative opportunities to manufactures as the demand for digital textile printing solutions in these countries surges.

Key Takeaways from Digital Textile Printing Market Study

The direct to fabric (DTF) segment is experiencing unmatchable demand in the global digital textile printing market, expected to expand at an impressive CAGR of 17.5% during the forecast period.

As compared to traditional printing technologies, digital textile printing requires higher primary set-up cost, and hence, per unit cost is high for small volume printing. Moreover, high frequency of orders for shorter run lengths requires arranging multiple jobs and regular plate changing.

Digital printers are pursuing more precise ways of determining the equipment type and run lengths for printing. It has been witnessed that print service suppliers are mainly aiming on computerizing their printing processes.

In terms of market growth, North America and East Asia are estimated to witness astonishing growth in the global digital textile printing market.

Key Segments of Digital Textile Printing Industry Survey

Digital Textile Printing Market by Printing Process:

Direct to Garment (DTG) Digital Textile Printing

Dye Sublimation Digital Textile Printing

Direct to Fabric (DTF) Digital Textile Printing

Digital Textile Printing Market by Ink:

Sublimation

Reactive

Acid

Direct Disperse

Pigment

Digital Textile Printing Market by Substrate:

Digital Cotton Printing

Digital Silk Printing

Digital Rayon Printing

Digital Linen Printing

Digital Polyester Printing

Digital Textile Printing Market by End Use:

Clothing

Households

Displays

Technical Textiles

Growing Inclination Towards Digital Textile Printing Designs Creating Opportunities for Designers

Earlier, unique and eye-catchy designs were only used for high fashion clothing that was exposed on the stages on foremost fashion weeks across the globe. But over the last few years, more and more high-fashion brands such as H&M and Zara are joining unique and more outbound designs in their pools.

By using digital textile printing techniques, people want to buy these exclusive pieces of clothing, and big high-fashion brands are skillfully reacting to those demands. This new request for uniqueness is a fruitful opportunity for digital textile designers.

Conventional printing methods can limit designers to create unique high-quality designs. Digital textile printing helps designers expand their creativity and gives them the right tools to create futuristic designs.

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Signage Market Opening New Doors for Digital Textile Printing Manufacturers

Sign and display printers demand reliable, efficient, and low-cost products. Healthy demand for signs and displays is reinforcing steady market growth for digital textile printing. Outdoor, indoor, wall décor, and event décor are some the fastest-growing segments in the signage market that are using digital textile printing techniques. The aim is to increase sales in response to the rising number of short-run digital print jobs for events, team uniforms, corporate clothing, and others.

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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.

Contact Us:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

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PET Preforms Market Key Players, Industry Overview, Applications and Analysis 2030

The global PET Preforms market is meant to witness a CAGR of 3.9% between 2022 and 2030, reaching US$ 21.9 Bn.

Rising at a CAGR of 3.9% in terms of value, the PET preforms market is forecast to rise at a steady pace between 2022 and 2030. Future Market Insights (FMI) in its latest study has forecast growth opportunities to spur especially with industries taking measures to reduce the harm done to ensure maximum safety of the environment. Key players in the beverage packaging industry are updating the manufacturing processes and shifting to recycling programs.

In order to reduce carbon footprint, a shift in the trend is seen with respect to PET bottles. Bottles made from recyclable material is gaining a lot of traction in the market. Leading players in the industry are opting for beverage bottles made from recycled-PET materials in order to achieve sustainability of raw materials.

Additionally, this shift helps the companies improve their brand image in the eyes of the customers. Big players such as Coca Cola, Nestle and others proudly source a significant amount of its consumption from recycled materials.

Growing significance for sustainable packaging solutions with recyclable materials is driving the global PET preforms market. FMI offers a comprehensive overview of the market in its recent studies.

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Key Takeaways from the Report

PET preforms for bottles with capacity up to 500 ml to 1000 ml are expected to be the most lucrative segment by capacity type, during the forecast period of 2022-2030

Beverages industry is expected to be the largest consumer of global PET preforms demand by 2030 year end

Besides beverages, manufacturers across industries such as food, pharmaceutical, and home care too are taking steps towards sustainability, in turn fuelling demand for PET preforms for packaging

North America is the most lucrative market for PET preforms, closely followed by Europe

East Asia is expected to see the highest growth during the forecast period

“At a time when regulations are implemented to curb dependence on plastics for packaging, manufacturers within the PET preforms market are exploring recyclability of the material to stay relevant. PET remains widely used plastic today and manufacturers are focusing on various applications of recycled PET to counter threats” said a lead analyst at FMI.

Covid-19 impact

Covid 19 pandemic outbreak and the restrictions put forth because of it have impacted global PET preforms market heavily. The market is seeing a considerable decline in demand owing to lockdowns implemented across the world.

The spread of the novel corona virus across globe has disrupted supply chains, impacting packaging industry as well. As productions came to a standstill and transport became impossible due to lockdown restrictions, the industry suffered heavy losses.

Furthermore, shortage of raw materials and absence of labors and skilled workers from plants has aggravated the situation. Unfavorable market conditions, as consumer has become skeptical about his spending have added to the woes of the market.

However, the demand for PET preforms is expected to witness significant growth in the first quarter of 2021, as manufacturing activities resume and demand for PET preforms from end user industries restores to normal.

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Who is winning?

Key players are expected to hold almost 20 % of the global PET preform market. However, market is highly fragmented and small and medium sized companies are predicted to contribute to the 80% of the remaining market.

Few key players in the PET preforms market are ALPLA Werke Alwin Lehner GmbH & Co KG, Plastipak Holdings, Inc., and Logoplaste UK Ltd., etc. are the top players operating in the PET preforms market. Furthermore, Retal Industries Ltd, Resilux NV, Societe Generale Des Techniques (SGT), Taiwan Hon Chuan Enterprises Co., Ltd., etc

 

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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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Glass Container Market Size, Share, Growth Trends, and Forecast Analysis to 2031

The global glass container market will exhibit 2.1% Y-o-Y growth in 2021, after contracting in 2020 due to disruptions caused by unprecedented COVID-19 outbreak. According to a new study by Future Market Insights (FMI), the near-term opportunities for the market will remain positive, especially as application in beverages packaging continues surging. The report also projected to market to surpass a valuation of US$ 81 Bn through 2031.

Glass container sales are strongly influenced by demand in the alcoholic beverage industry since a majority of alcoholic beverages are filled in glass containers. Due to the aesthetic appearance that can be accomplished by the use of glass in manufacturing of containers and its reflective design, sales within alcoholic beverages segment is poised to surge considerably. Glass containers also enable the alcohol manufacturer to present the premium quality of the product to their target consumers.

Increasingly used as a versatile material in manufacturing of containers, glass can retain the original flavour of beverage inside without altering its taste or consistency. Glass containers are available on the market in a range of colours, shapes and sizes. It has been reported that about 23% of Anchor Glass Container Corp’s revenue, a major player in glass container manufacturing, comes from its product sales of craft beer glass packaging and 24% from mass-market beer glass packaging.

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Key Takeaways of Glass Containers Market Study

Outlook for glass containers market remains strong for the next 10 years as FMI forecasts it to register 4.0% CAGR between 2021 and 2031

Sales of glass containers in the U.S. are estimated to rise. The U.S. is projected to account for over 80% of glass containers sold in North America as growth outlook remains positive for the remaining forecast period

Despite Germany’s dominance, growth exhibited by the UK market will be stronger. It is expected to register a 1.9% Y-o-Y growth in 2021

Outlook for France and Spain will remain stable

China, India, and Japan will continue exhibiting high demand for glass containers through the forecast period

“Glass containers in the brewing and beverage industries have long evolved from being simple transport containers. End users insist on innovative and trendy glass containers to boost the supply chain instead of simplistic design to encourage shoppers. Demand for small sized jars and bottles, glass containers are occupying significant share in the global market attributing to boost impulse purchase of the products. In addition, key players in the distribution of beverage packages are projected to witness greater profit earnings.” says an FMI analyst.

Sustainability and Reusability of Glass Containers Boosting their Applications

Glass containers are increasingly preferred for handling drinks, food, and prescribed drugs since they eliminate the risk of leaching toxic chemicals. Glass is a highly recyclable medium and has features that make it a highly desirable material for containers. Many environmental resources are protected by recycling and reuse. A glass container’s ability to maintain the strength, fragrance, and seasoning of items makes it a desirable choice for food and beverage packaging.

Glass, through interaction with several liquids, remains chemically pure and is therefore preferred for use in food and beverage packaging. Rising focus on environmental sustainability and curbing carbon dioxide emission has catapulted glass containers as preferred choice to replace plastic or metal containers.

COVID-19 Impact on Glass Containers Market

The COVID-19 pandemic has affected the packaging industry owing to the instabilities in the supply chain. While businesses across food and beverages sector reported sluggish growth, pharmaceutical industry continues exhibiting demand for effective packaging amid pandemic crisis. Consequently, the market for glass containers have seen a decrease in revenue in Q1 and Q2 of 2020. This is partly due to government restrictions imposed on manufacturing industries and outlets that serve food & beverages to contain the spread of the virus.

However, as the sanitization process and non-contaminated beverage systems have improved, beverage intake is slowly rising in developed and emerging countries. This move is anticipated to accelerate more glass container shipments to the global market by the end of the year 2020. Industries such as retail packaging, e-commerce and logistics are also expected to see a fast turnaround.

Glass Containers Market Landscape

Ardagh Group S.A., Amcor Limited, Consol Glass (Pty) Ltd., Owens-Illinois, Inc., Saverglass Group, BA Glass, Hindusthan National Glass & Industries Limited, Nampak Ltd., Wiegand-Glas GmbH, Vidrala S.A. are prominent players in the glass containers market. With competition within the market getting fiercer, companies are focusing on innovative product launches.

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For instance:

AGI glaspac has launched a range of integrated antibacterial food glass jars through its retail segment Greendrop Glassware in June 2020.

Ardagh Group launched online and interactive 3D glass packaging catalogue in the later part of 2020.

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.

Contact Us:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

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Dimethyl Carbonate Market is Reaching US$ 954.1 Million at a Gracious Rate of 5.8% by the year 2032

The global dimethyl carbonate market is projected to expand at a 5.8% CAGR over the assessment period, reaching US$ 954.1 Mn by 2032. Increasing demand for battery materials owing to rising electric vehicle sales is expected to remain a key growth driver for sales of dimethyl carbonate.

Dimethyl carbonate is one of the key organic solvents and a chemical intermediate used in downstream applications.  In addition to the conventional applications of dimethyl carbonate such as polycarbonate production, adhesives, sealants, coatings, etc. lithium battery electrolyte segment is gaining traction in the market.

The battery electrolyte segment is expected to witness a significant growth owing to increasing applications. Industrial grade methyl carbonate is relatively a less pure grade of DMC and is mainly used in traditional downstream applications and for the manufacturing of polycarbonates, whereas battery grades are comparatively of high purity and are used in lithium batteries electrolyte.

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An increase in the preference for green or renewable chemicals is expected to boost sales of methylating agent in the forthcoming years, thereby augmenting the growth in the market.

“Growing demand for polycarbonate for the production of safety helmets, bulletproof glass, roofing and glazing, and others are expected to propel the consumption of dimethyl carbonate over the forecast period,” says an FMI analyst.

Key Takeaways:

  • More than 50% of dimethyl carbonate to be consumed for the production of polycarbonate throughout the forecast period.
  • The battery-grade segment is anticipated to witness a growth at a 6.7% CAGR over the forecast period.
  • The U.S. will hold 89% of the North America dimethyl carbonate market share through 2032.
  • Sales of dimethyl carbonate in China will increase by 6.4% year-over-year.
  • The South Asia and Pacific dimethyl carbonate market will offer an incremental dollar opportunity of US$ 71.6 Mn.

Competitive Landscape

Ube Industries Ltd., Shandong Shida Shenghua Chemical Group Co. Ltd., Kowa Company Ltd., Kishida Chemical Co. Ltd., Haike Chemical Group, Zhejiang Petrochemical Co., Ltd., Guangzhou Tinci Materials Technology Co. Ltd., Hefei TNJ Chemical Industry Co., Ltd., Tangshan Chaoyang Chemical Co., Ltd., Qingdao Aspirit Chemical Co., Ltd., Kindun Chemical Co., Limited, Henan GP Chemicals Co. Ltd., Aceto Corporation, Connect Chemicals, Silver Fern Chemicals, Balaji Amines, are some of the leading manufacturers of dimethyl carbonate.

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Dimethyl Carbonate Market Segmentation

By Grade:

  • Industry Grade
  • Pharmaceutical Grade
  • Battery Grade

By Application:

  • Polycarbonate Synthesis
  • Battery Electrolyte
  • Solvents
  • Reagents
  • Fuel Additives
  • Electrolyte
  • Others

By End Use:

  • Plastics
  • Paints & Coating
  • Pharmaceutical
  • Battery
  • Agrochemicals
  • Adhesives & Sealants
  • Electronics
  • Others

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More Insights into the Dimethyl carbonate Market Report

In its latest report, FMI offers an unbiased analysis of the global dimethyl carbonate market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022-to 2032. To understand the global market potential, growth, and scope, the market is segmented based on grade, application, end-use, and region.

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

Lauryl Dimethyl Amine Oxide Market: Lauryl dimethyl amine oxide is a type fatty amine derivative. Lauryl dimethyl amine oxide is also known as N-lauryl-N,N-dimethylamine oxide, dodecyl dimethylamine oxide (DDAO) and N,N-Dimethyl-1-Dodecylamine N-Oxide.

Magnesium Carbonate Market: The global magnesium carbonate market was valued at around US$ 267.3 Mn in 2021, registering Y-O-Y growth of 4.4%Magnesium carbonate sales are projected to increase at a CAGR of 4.7% by 2032.

Carbonate Minerals Market: Demand in the carbonate minerals market is projected to grow at a CAGR of 6.0% between 2022 and 2029. Future Market Insights (FMI) forecasts the market value to top US$ 53,564.0 Mn in 2022.

About Future Market Insights (FMI) 

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

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Report: https://www.futuremarketinsights.com/reports/dimethyl-carbonate-market
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Corrosion Inhibitors Market is Estimated to Register a Strong CAGR of 4.1% CAGR from 2022-2032

According to a recent study done by FMI, the corrosion inhibitors market is anticipated to have a prodigious CAGR of 4.1% during the period of 2022-2032. The Corrosion Inhibitors Market is anticipated to reach US$ 12.4 Bn in 2032, from US$ 8.3 Bn in 2022. The market was valued at US$ 7.9 Bn in 2021, and is expected to grow with a Y-O-Y growth rate of 5.0%.

This study explains that an increase in the demand for corrosion inhibitors in various industries such as pulp & paper, chemical processing, oil & gas, petroleum, and metals to protect from corrosion has led to higher demand from emerging countries. Infrastructural development in economies such as China, India, Brazil, and South Korea, are expected to undergo infrastructural development and boost industrial activities for the growth of their economies.

Infrastructural growth related to electricity demand, clean water demand, fuel demand, transportation demand, and construction demand are expected to boost the market for corrosion inhibitors in the forthcoming years. An increase in the demand for corrosion inhibitors in various industries such as pulp & paper, chemical processing, oil & gas, petroleum, and metals to protect from corrosion has led to higher demand from emerging countries, in particular. Cooling water is the largest segment for corrosion inhibitors in the water treatment process to protect the metal machinery from the water flow.

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Key Takeaways from the Market Study

  • Global corrosion inhibitors market to be valued at US$ 8.3 Billion by 2022-end
  • U.S to account for the highest value share of US$ 4.4 Billion of global market demand for Corrosion Inhibitors Market in 2032
  • From 2015 to 2021, corrosion inhibitors demand expanded at a CAGR of 6%
  • By compound, organic corrosion inhibitors segment constitutes the bulk of Corrosion Inhibitors Market with a CAGR of 0%.
  • By type, eater-based corrosion inhibitors to exhibit a CAGR of 2%.

“Infrastructural growth related to electricity demand, clean water demand, fuel demand, transportation demand, and construction demand are expected to influence the Corrosion Inhibitors Market during the forecast period,” remarks an FMI analyst.

Competitive Landscape

Players in the global Corrosion Inhibitors Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

  • In February 2021, LANXESS signed a binding agreement to acquire 100 percent shares in Emerald Kalama Chemical on February 14, 2021. The US-based company is a globally leading manufacturer of specialty chemicals, especially for the consumer segment, and is majority-owned by affiliates of the US private equity firm, American Securities LLC.
  • In August 2019, Nouryon planned to double capacity at its surfactants plant in Stenungsund, Sweden, to support the growth of several existing products as well as new sustainable technologies for markets, including oil and gas, lubricants, and fuels, and asphalt. The USD 14-million expansion and upgrade project include the installation of a new reactor and is expected to be completed by the first quarter of 2021. It will increase the production and innovation in corrosion inhibitors.
  • In October 2018, SUEZ announced the signature of 19 contracts in Ecuador, Colombia, Brazil, Mexico, and Costa Rica. These contracts are part of the Group’s development drive in Latin America and the Caribbean, which account for 7% of its global turnover and represent over 7000 employees in 10 countries. With these new contracts, SUEZ strengthened its presence in water services management in large cities and developed in new markets of waste management and industrial services.

Know More about What the Corrosion Inhibitors Market Repost Covers

Future Market Insights offers an unbiased analysis of the global Corrosion Inhibitors Market, providing historical data for 2015-2021 and forecast statistics from 2022-2032.

To understand opportunities in the Corrosion Inhibitors Market, the market is segmented on the basis of compound, application, type, and end-use industry across five major regions.

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Key Segments Covered In The Corrosion Inhibitors Market Study

Corrosion Inhibitors Market by Compound:

  • Organic Corrosion Inhibitors
  • Inorganic Corrosion Inhibitors

Corrosion Inhibitors Market by Application:

  • Corrosion Inhibitors for Water Treatment
  • Corrosion Inhibitors for Process and Product Additives
  • Corrosion Inhibitors for Oil and Gas Production

Corrosion Inhibitors Market by Type:

  • Water-based Corrosion Inhibitors
  • Oil-based Corrosion Inhibitors
  • Volatile Corrosion Inhibitors

Corrosion Inhibitors Market by End-Use Industry:

  • Corrosion Inhibitors for Oil and Gas
  • Corrosion Inhibitors for Power Generation
  • Corrosion Inhibitors for Chemicals
  • Corrosion Inhibitors for Metals Processing
  • Corrosion Inhibitors for Pulp & Paper

About Future Market Insights (FMI)

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

Contact:

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