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Large Synchronous Motor Market – Business Opportunities and Global Forecast to 2031 | Get Insights FMI

The global market for Large synchronous motors is anticipated to be valued US$ 222 million in 2031. In its analysis, Future Market Insights (FMI) predicts a stable long-term growth outlook for the market.

The study predicts that from 2021 to 2031, the global market for big synchronous motors will expand at a moderate CAGR. The report examines more than 20 high-growth industries and provides details on how the development of Large Synchronous Motors will change over the following ten years.

The outbreak of COVID-19 and subsequent efforts to slow its spread lowered demand for large synchronous motors in 2020. Sales will rise, though, once the industrial sector starts to recover. The report claims that there is a rising demand for big synchronous motors with capacities between 25 and 40 MW. However, the 40 to 80 MW capacity was in demand for heavy-duty applications. The 25 to 40 MW category will continue to dominate throughout the forecast period.

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The overall market for large synchronous motors growing at a relatively slow pace post the pandemic, nonetheless, its trajectory will continue rising steadily through the course of the report’s forecast period. The three key markets for large synchronous motors are China, India, and Europe. Markets in ASEAN countries are expected to grow moderately.

Increasing in investment in various public infrastructure projects will create lucrative opportunities for growth. For instance, the expansion of water treatment plants, especially desalination plants, will fuel the demand for large synchronous motors.

Key Takeaways

Large synchronous motor market will exhibit 2.6% y-o-y growth in 2021, backed by increasing application across diverse sectors
The U.S. will emerge as a lucrative market, thanks to expansion of mining activities. It will account for nearly 75% of sales in North America market in 2021
Within the U.K. increasing focus on water treatment will continue driving growth
Expansion of infrastructural facilities will create growth opportunities in France and Germany
China will emerge as a highly lucrative market, thanks tocontinued investments in power generation and industrial infrastructure.

“Surge in demand for 25 to 40 MW synchronous motor in recent years is expected to provide an impetus to large synchronous motor sales. High efficiency, low fuel requirement, and high performance of large synchronous motors will continue creating growth opportunities,” says FMI analyst.

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Subdued Growth Likely following COVID-19 Outbreak

The COVID-19 pandemic is currently impacting the global economy at various levels and the impact is seen on large synchronous motor market as well. The Large Synchronous Motor growth is currently subdued by the COVID-19 pandemic crisis and is expected to witness a significant drop in demand till 2021.

With a number of end use industries affected in several countries, the growth of the market is challenged as well. The decelerating demand is expected to result in a significant drop in Y-O-Y growth yet FMI expects large synchronous motor to grow at a moderate CAGR through 2031.

Competitive Landscape

The market is fairly consolidated, with key 7-8 players accounting for overall market share.Some of the key players in the market are

ABB,
General Electric,
WEG,
Siemens AG,
VEM Group, among others.

These players are likely to invest in new technologies, especially customized variants, to maintain their market share.

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Table of Content

Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

1.5. Technology Roadmap

Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

2.3. Overview of Configurations (2 pole, 4 Pole motor)

2.4. Overview of rated torques of power types

2.5. Overview of Motor Design & Energy rating Standards (IEEE, API, etc.)

Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

Key Success Factors

4.1. Degree of Device Customization as per End User Specifications

4.2. Project Bidding/ tender & Order Management

Full TOC Continued…

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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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HIV Diagnostics Market will Exhibit a Steady 7.9% CAGR through 2022-2032 | Future Market Insights

As per Future Market Insights, the HIV diagnostics market is predicted to rise from US$ 3.0 Bn in 2022 to US$ 6.4 Bn in 2032. The HIV diagnostics market is anticipated to record a steady CAGR of 7.9% during the period 2022-2032.

Technological improvements and increasing prevalence of HIV in developing and underdeveloped countries will foster the industry growth. HIV is one of the serious public health challenges across the globe. HIV if not treated on time can lead to formation of AIDS.

Despite numerous research and advances in scientific studies related to HIV still there is no vaccine and preventive medication to control the spread of the infection. One of the only methods to tackle the infectious is by treating it on time and access to proper treatment and care.

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Therefore, many governments, NGO’s and other organizations play a crucial role in creating proper awareness for the prevention of HIV/AIDS. Governments across the globe are undertaking numerous initiatives to educate its citizens regarding prevention and safer sex practices. They are developing better healthcare infrastructure to provide sophisticated patient care as well as management.

“Favourable regulatory environment and substantial investment in R&D activities by market participants for the development of improved quality HIV testing kits for home use is likely to propel the HIV diagnostics market growth.”

The demand for HIV diagnostics is forecasted to grow due to factors such as the rising global prevalence of HIV/AIDS, as well as the rising number of blood transfusions and blood donations.

What is the Segmentation Outlook for the HIV Diagnostics Market?

The consumable sector accounted for the largest market share in the global HIV diagnosis market. Consumption of consumables such as assays, reagents, and kits are on the rise, which is propelling the HIV diagnostics market forward.

HIV Diagnostics Market Key Players

Siemens Healthineers
F. Hoffmann-La Roche Ltd
Abbott Laboratories
Danaher Corporation
Thermo-Fisher Scientific Inc

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HIV Diagnostics Market Key Segments

By Product:

Consumables
Instruments
Software & Services

By Test Type:

Antibody Tests
Viral Load Tests
CD4 Tests
Others

By End User:

Diagnostic Laboratories
Hospitals
Others

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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Americas Steel Pipes Market Size, Share 2030: Present Scenario and Growth Prospects

The Americas steel pipes market is likely to reflect steady. However, the industry is likely to face challenges in terms of substitute pipe materials such as plastic and iron, as well as high production and installation costs for steel fixtures. The steel pipes market in the Americas is expected to grow steadily but moderately, with growth in niche end use sectors such as mining and automotive production.

The demand for steel pipes in the Americas has increased through 2020 despite the difficulties caused by the coronavirus pandemic. Growing public and private sector investments in the construction, oil and gas, and energy sectors are advancing the sector. A recent report by Future Market Insights predicts that the industry will expand steadily between 2020 and 2030.

The oil and gas industry applications are anticipated to be the main source of income, especially with the discovery of unconventional sources and processes like shale and fracking, according to analysts from FMI.

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The study by FMI encompasses an overview of the sector, including prominent dynamics of the market. Some of the critical takeaways of the report include:

The Americas steel pipes market was valued at 20.5 billion in 2019, driven largely by the demand from civil infrastructure and the oil & gas sector of the region.
Carbon steel pipe products are major contributors to market revenue, with advantages in easier access and chemical and shock resistance over other steel pipe variants.
Industrial applications, particularly in the oil & gas sectors are generating greater demand than that of construction and mining sectors through 2030.
The United States will remain a major market for steel pipes in the Americas, aided by a vast economy, characterized by steady growth in the past few years. Brazil is likely to reflect relatively positive prospects on the back of changes in government policy.

“The Americas have become a leading region in the production of oil and gas with unconventional resources such as shale gaining the spotlight. With a number of upcoming projects in the United States and Canada demand for steel pipes in the region is expected to surge in the near future,” said a lead analyst at FMI.

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Covid-19 Impact on Americas Steel Pipes Market

The coronavirus pandemic has been projected to be moderately impact the Americas steel pipes market. Lockdown restrictions on the manufacturing sector and the mining industry are anticipated to affect raw material supplies and logistics in the supply chain for the short term. Also, the negative effects of the outbreak on the global economy will hurt imports and exports disrupting supply chains.

End use applications, particularly in the automotive and construction sectors, owing to compulsory social distancing regulations are estimated limit market growth. Also, the drop in demand is likely to result in shut down or limited operations at conventional production facilities, in addition to widespread layoffs.

The problems are likely to be compounded by reduced demand for crude oil, restricting expansion plans in the sector. Recovery is likely to be slow owing to continuing uncertainty over the duration of the pandemic.

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Who is Winning?

In its report, Future Market Insights has given detailed analysis on the many strategies being used by manufacturers in the Americas steel pipes market. Key players are emphasizing on investments towards capacity expansions and strategic acquisitions and divestments in line with changing demand in the region.

Some of the leading players in the industry include Arcelor Mittal, Tenaris, Gerdau S/A, American Cast Iron Pipe Company, Baosteel Group Corporation, Evraz plc, Nippon & Sumitomo Steel, and JFE Holdings Corporation among others.

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.

Emergency Medical Services Market worth US$ 37.2 Billion by 2032 | FMI

The global emergency medical services market demand is anticipated to grow at a 6.2% CAGR, with a market value of US$37.2 billion by 2032.

Ambulatory services, usually known as emergency medical services, are systems that provide medical care in emergency situations. Emergency medical services are primarily concerned with injury and acute illnesses such as stroke and cardiac arrest. Emergency medical services also cover services that are required in the event of a natural disaster.

Demand for emergency medical services is increasing as the number of cardiac arrests and accidents is rising across various countries. Software solutions that give technological breakthroughs in emergency medical services provide additional benefits such as forecasting future health hazards, improved communication during an emergency crisis, and real-time guidance during emergency scenarios.

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Growth in the emergency medical services market is influenced by various factors which include rising number of cases associated with infections, high risk of morbidity among the geriatric population, increasing investments and funding for medical services, growing volume of trauma cases, high healthcare expenditure, as well as a rise in the number of hospitals establishments worldwide.

Several other factors that influence the market for emergency medical services positively include the accessibility of emergency medical services through a well-developed transportation infrastructure, improved communication channels, robust software solutions, and growing activities related to procedural aid during emergency situations.

Additionally, the utilization of air ambulances, which are medical transport services that are essential in the event of a medical emergency, have promoted the growth of the emergency medical services industry.

“Rising adoption of air ambulances, along with growing demand for drone-based emergency medical services will augment the growth in the market,” says an FMI analyst.

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Key Takeaways:

· Advance life support services accounted for about 56.6% of the global market share in 2021, owing to the rise in demand due to the advent of the COVID-19 pandemic.

· As providers, hospital-based EMS held a dominant share of 27.4% in 2021. Hospital-based EMS provide pre-hospital care for patients during cases of emergency and trauma.

· Ground transport services are a dominant segment in terms of the fleet within the global market, carrying a market share of around 86.2% in 2021.

· North America is observed to be the leading region with an approximate value share of 35.6% in 2021.

Competition Landscape

Market expansion will be hampered by increasing vendor competition. Because there are so many brands and regional and local vendors, there are a lot of rivalries. Furthermore, suppliers in the emergency medical services industry are expanding their offerings to include mobile healthcare, medical educators, primary care extenders, and patient advocates. During the focused period, increased competition is expected to have a negative impact on the worldwide emergency medical service market growth. The emergency medical services industry is fragmented, and providers are competing by using both organic and inorganic growth techniques.

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Key Market Segments Covered in Emergency Medical Services Industry Research

By Services:

Basic Life Support
Advance Life Support
Mortuary Services
Patient Transfer Services

By Providers:

Fire-Department-Based EMS
Government EMS
Hospital-Based EMS
Private Ambulance Service
Other EMS Agencies

By Fleet:

Ground Transport
Air Transport

By Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East & Africa (MEA)

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Loader Bucket Attachments Market Is Reaching US$ 3.76 Bn At A Gracious Rate Of 4.6% By The Year 2029

Global consumption of loader bucket attachments stood at around US$ 2.63 Bn in 2021, and is slated to increase at a CAGR of 4.6% to reach a valuation of US$ 3.76 Bn by 2029. The loader bucket attachments market grew at a CAGR of 3.7% from 2014 to 2021.

A loader is a large construction machine used to remove or load items such as dust, stones, wood, ice, waste, sand, and other materials. The bucket, which is attached to the opposite edges of the arms, is used to pick up and move items from the ground. The bucket assembly for the loader could be either temporary or permanent.

Loader buckets are important functional components of bulk-material handling equipment. Increasing safety standards and a high demand for regular replacement of loader bucket attachments are major factors driving high volume sales.

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Key Takeaways of Loader Bucket Attachments Market Study

The rise in infrastructural projects with promising economic growth necessitates manufacturers of heavy-duty off road vehicles to increase efficiency and productivity, creating growth opportunities for players in the loader bucket attachments market.
Prominent players in the loader bucket attachments market are striving to offer an extensive range of attachments and ground engaging tools. Additionally, these companies strive to offer new products in developing regions where end-use industries have registered double digit growth in the past, such as China, India, and Latin America.
Between thumbs and grapples, grapples are estimated to gain more prominence, as they can be used to multitask, which leads to increased productivity in demolition, rock handling, scrap handling, and land clearing applications. Grapples are expected to gradually replace thumbs in the latter half of the forecast period.
Amongst all the loader bucket attachments, ground engaging tools are gaining more acceptance in the loader bucket attachments market, owing to their better productivity.
Cumulatively, the Americas and Europe have a notable installed base of bulk material handling equipment. The need for frequent maintenance due to safety concerns and the resulting volume sales of loader bucket attachments, coupled with growing concerns regarding proper waste handling is expected bolster the growth of the loader bucket attachments market.

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“Increasing infrastructural investments, recovering mining industry, and the prevalence of waste management is anticipated to offer abundant opportunities to manufacturers in the loader bucket attachments market, especially in developing countries.”

Loader Bucket Attachments: Competition Scenario

The loader bucket attachments market is assessed to be a fairly consolidated market space, where players such as Caterpillar, AB Volvo, Komatsu Ltd., JCB, Doosan Corporation, Deere & Company, and CNH Industrial are projected to maintain their supremacy in the market throughout the forecast period.

Key Segments of Loader Bucket Attachments Industry Survey

Loader Bucket Attachments Market by Attachment:

Attach Adapters & Couplers
Blades
Booms
Forks
Grapples
Ground Engaging Tools
Mounting Brackets
Pushers & Snowplows
Rakes
Sweepers
Thumbs

Loader Bucket Attachments Market by Region:

North America Loader Bucket Attachments Market
Latin America Loader Bucket Attachments Market
Europe Loader Bucket Attachments Market
East Asia Loader Bucket Attachments Market
South Asia & Pacific Loader Bucket Attachments Market
Middle East & Africa (MEA) Loader Bucket Attachments Market

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Dust Extractors Market Comprehensive Research Study and Strong Growth in Future 2028 | Says FMI

Sales in the global dust extractors market are slated to top US$ 2.2 Bn in 2022. Expanding at a healthy 8.5% CAGR, the market size is projected to total US$ 3.6 Bn by 2028.

Between 2022 and 2028, demand is expected to grow at an 8.5% CAGR, compared to an 8.4% CAGR between 2013 and 2021. Rising demand for prefabricated houses is boosting construction activity. Dust extractors are becoming increasingly popular as a means of preventing various dust-related allergies among construction workers.

Global sales of dust extractors surpassed $1 billion in 2018, with a 6% year-on-year growth rate expected in 2019 and beyond. According to a new research intelligence outlook from Future Market Insights (FMI), dust extractors will enjoy significant gains in the low dust class, accounting for a significant incremental opportunity over the next few years.

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While adoption of dust extractors in medium dust class will retain a dominant share over that in the low dust class in the long run, the latter is highly likely to outpace former owing to the impressive growth of commercial building sector. Sales are likely to experience a considerable hike in the forthcoming years, as the demand from major end-use sectors, particularly commercial building and offices, is on a constant rise.

Construction sites, though envisaged to remain key demand generator in the dust extractor space, will be closely trailed by the wood working segment. The report positions wood working applications of dust extractors market as an important demand contributor to the market and projects a healthy rate of growth for the dust extractor demand in wood working segment.

DYI Applications Boosting Potential of Online Sales Channels

Growing number of projects in the commercial space construction landscape will remain a significant booster for the demand growth of dust extractors at a global level. Moreover, noteworthy increase in the number of DIY applications, strongly backed by flourishing online retail channels, has been cited in the report as important factors impacting the growth of dust extractor market in years to come. The report has attributed growth of DIY applications segment to the progress of home improvement industry, observed in the recent past.

In the light of success registered by leading online distributors of DIY vacuum cleaners such as Amazon, EBay, Alibaba, and ShopClues among others, a number of organizations are strategizing their entry to the E-commerce space. The report projects that power tools sales are likely to emerge as a popular strategy among players, which are stepping in the online retail world for DYI vacuum cleaner sales.

Growing consumer preference for online channels while shopping DIY application tools is instrumenting accelerated online sales of dust extractors, as per the report findings. However, high price point associated with high-capacity vacuum cleaners will continue to restrain the accelerated growth of dust extractor market in the long run.

In line with the potential competitive edge offered by dust extractor models with compact dimensional design and light weight, key manufacturers are following the growing trend of high R&D investments in innovative product launches.

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Japan to Rise as the Industry’s Manufacturing Hub

Europe is envisaged to emerge as a highly profitable region for the prominent consumers of dust extractors, towards the end of the forecast period. Currently, the US and Germany represent the most prominent countries generating significant demand for dust extractors, subsequently benefiting the markets in North America and Western Europe, respectively.

According to the report, the demand for dust extractors in developed regions will continue to be favorably influenced by the stringent regulatory framework of regional governments regarding the usage of vacuum cleaners.

Furthermore, Japan is also anticipated to be a lucrative regional market for dust extractors, in terms of value and volume. FMI’s analysis also depicts that Japan is currently reflecting the potential to develop into the new manufacturing hub. MEA is also projected to remain a prominent regional market for dust extractor sales, which has been primarily attributed to the robust growth of key end-use sectors across the region.

Dust Extractor Market: Vendor Landscape

The dust extractor market is largely fragmented, as a result of the strong presence of a large number of local and established players. The report provides details of some of the key players in the global dust extractor market, such as Milwaukee Tool, Alfred Kärcher SE & Co. KG, Makitra Corporation, Hilti Group, Robert Bosch GmbH, DeWalt (acquired by Stanley), Metabowerke GmbH, Panasonic Corporation, Nilfisk Inc., Tennant Company, Numatic International Ltd., Electrostar GmbH (Starmix), Bisell Inc., Fiorentini / Clemas & Co., Verimark (Pty) Ltd., and C & E Fein GmbH.

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Table of Content

Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

Market Overview

2.1. Market Taxonomy

2.2. Market Definition

Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation Trends

3.3. New Product Launches

Key Success Factors

4.1. Product Adoption Analysis

4.2. Product Features Vs. Capacity Matrix

4.3. Strategic Promotional Strategies

4.4. Technological Innovation

Full TOC…

Calcium Acetate Market | Current and Future Demand, Analysis, Growth and Forecast By 2029

Steady demand for calcium acetate continues to arise from diverse quit-use industries along with meals & drinks, prescription drugs, textiles, agriculture and petroleum. International calcium acetate market is poised for modest boom at approximately 3% CAGR through the length of projection length (2022-2029). Moreover, manufacturers are targeted on assignment growth-orientated techniques for long-time period competitive ascendancy.

Use of Calcium Acetate as Phosphate-binder to power global Calcium Acetate market

Position of calcium acetate in treating hypophosphatemia has emerged as a important pharmaceutical application. Patients tormented by kidney diseases are given oral prescriptions of calcium acetate at the same time as they are on dialysis. Calcium acetate significantly reduces the threat of stroke or coronary heart ailment with the aid of removing hazardous construct-up of phosphate in the human frame.

Key Takeaways of Calcium Acetate Market Study

Role of calcium acetate in food preservation is projected to facilitate the overall market growth through the forecast period.
Soaring demand for calcium acetate in blood phosphate regulation during dialysis is bolstering the market.
Accelerating R&D activities for diversifying end-use applications is contributing to calcium acetate market growth.
Gains in calcium acetate market will be concentrated in Asia Pacific and North America.
Availability of alternatives would hinder the growth of calcium acetate market in the foreseeable future.
Consumers’ greater inclination towards chemical-free products will stagnate the demand for calcium acetate through 2029.

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Europe Captures 31.2% Revenue Share in Global Calcium Acetate Market

Owing to established end-use industries of calcium acetate, Europe will continue to capture majority share through the forecast period. Higher income levels of consumers also contribute significantly to overall regional market growth. Leading manufacturers in this region continue to promote R&D activities for diversifying the applications.

Asia Pacific presents remunerative opportunities for calcium acetate manufacturers. Both in terms of consumption and production, Asia Pacific is a crucial market. Moreover, burgeoning end-use industries continue to supplement the regional market growth. Hence, Asia Pacific will account for substantial market share through 2029.

Leading Players Undertake Expansion Activities to Solidify their Place in Global Market

The global calcium acetate market is a fairly consolidated landscape. Major players profiled in this FMI study include, but are not limited to, Merck Millipore, Alemark, GFS Chemicals, Allan Chemical Corp., Richman Chemical, AVA Chemical PVT. LTD., Avantor Performance Materials, and Hawaii Chemicals & Scientific. Capacity and geographic expansion will be the key strategic focus of market leaders.

Prominent companies must channel their efforts towards broadening the applications they cater to. This move would fortify their position in developed regional markets such as Europe. Moreover, to expand foothold in emerging countries, they must opt for capacity expansion strategy.

More about the Report

FMI’s study offers an in-depth market forecast and analysis on the global calcium acetate market. The major categories encompassed by the report include function (texturizer, thickener, firming agent, and stabilizer), application (pet food, agriculture, food & beverages, and pharmaceuticals) across five regions (Asia Pacific, Middle East & Africa, Europe, Latin America and North America).

Calcium Acetate Industry Leaders to Focus their Efforts on Capacity Expansion through 2029

Key players in the consolidated calcium acetate market include, Alemark, Merck Millipore, GFS Chemicals, Richman Chemical, Allan Chemical Corp., Avantor Performance Materials, AVA Chemical PVT. LTD., and Hawaii Chemicals & Scientific. Leading players are leveraging economies of scale for sustained competitive advantage.

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Calcium Acetate Market: Segmentation

The global calcium acetate market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

Function

Texturizer
Stabilizer
Thickener
Firming Agent

Application

Pharmaceuticals
Agriculture
Food and Beverages
Pet Food

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Function Innovation / Development Trends

4. Key Success Factors

To be continued…!

About FMI

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Demand for Plant-Based Energy Drink Projected to Grow at a CAGR of 6.11% between 2022 and 2032

In 2022, the market for plant-based energy drinks is projected to be worth $9 billion. Global market for plant-based energy drinks is expected to increase at a CAGR of 6.11% between 2022 and 2032, reaching around US$ 16,285.7 Million by that year, driven by the expanding veganism trend.

Demand for the plant-based energy drink will witness steady recovery because these energy drinks contain calcium, which aids in bone health and make them strong. Thus, its nutritional content will surge its market in the coming years.

What is Driving the Demand for a Plant-Based Energy Drink?

The demand for plant-based energy drinks is expected to be driven by a rise in people’s understanding of fitness and an increasing number of health-conscious consumers. Consumers are started following different diets, such as keto and vegan, and physical training, such as gyms, to improve their health.

This change is mostly due to an increase in sedentary occupations and busy lifestyles. Also, the consumption of plant-based energy drinks improves the nutritional balance of the body.

Plant-based energy drinks can help the immune system and combat diseases like obesity, diabetes, heart failure and cardiovascular disease. Consumers are increasingly concerned about their wellbeing and nutritional standards, so they are opting for energy drinks that are high in nutrients, vitamins, and low in sugar and fat, which is expected to grow the demand for plant-based energy drinks.

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Key Factors which will Drive Sales of Plant-Based Energy Drink

Plant-based ingredients are the most natural source of nutrients and have many health benefits as opposed to synthetic or chemical-based ingredients. Thus, these factors will help in driving the sale of plant-based energy drink.

Also, plants have become a more common source of protein, manufacturers have been urged to create protein-rich, healthier plant-based energy drinks, which is expected to propel the plant-based energy drink market forward. The use of plant-based and herbal ingredients in energy drinks is fueling the market’s growth.

The consumption of energy drinks has increased dramatically among the young generation, but the energy drinks currently available on the market contain caffeine, which has its own set of side effects, leading to an ongoing quest for caffeine substitutes and effective compounds to use in energy drinks.

Plant-based ingredients are used to substitute caffeine in energy drinks as flavouring and seasoning agents and this will help in increasing its sale in the coming years.

Manufacturers have been encouraged to produce gluten-free, high-fibre protein drinks as a result of technological advancements and the demand for natural and clean label products, which could help in boosting its sale across the globe.

The US and Canada Plant-Based Energy Drink Market Outlook

The high usage of energy drinks in the U.S and Canada, along with the country’s vast coffee culture and rise in awareness toward the benefits of consuming energy drinks has propelled the concept of energy shots into the mainstream, which is a major driver boosting plant-based energy drink market in the U.S and Canada.

Also, there is a rise in demand for a plant-based energy drink in the sports and fitness industry as it helps in building immunity and provides an energy to keep people energetic.

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Europe Demand Outlook of the Plant-Based Energy Drink

Increasing vegan popularity, rising demand for low fat and sugar content drinks and advancement in gym culture are likely to act as a major driver in Europe which may boost demand for the plant-based energy drink. The growing demand for drinks helping to increase metabolism rate, reducing cholesterol rate and maintaining healthy digestion, may also help in driving its demand in Europe.

Who are the Key Manufacturers of the Plant-Based Energy Drink

Some of the key market players involved in the plant-based energy drink market are

Teariot
PepsiCo
Garden of life
Vital Proteins Collagen Energy Shots
Runa Energy Drink
Red Bull
Nature’s Plus
Toro Matcha Sparkling Ginger drink
Guayaki Yerba Mate
MatchaBar Hustle Matcha Energy
Monster Beverages
Hansen Natural Corporation

Key market players are looking for new opportunities in the global beverage industry. Also, they are focusing on enhancing product quality through research, development and innovation, and providing beverage manufacturers with a diverse range of energy drinks.

A key market player like Teariot have introduced plant-based energy drink in various flavours to meet the demand of the consumers and providing them with a variety of flavours so they do not depend on a single flavour.

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 an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.

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Roofing Materials Market: Insights, Deep Analysis of Key Vendor in the Industry by 2029

Future Market Insights recently published a detailed report on global sales of and improvements in modern-day roofing materials, revealing that the global market value reached roughly 115 billion dollars in 2018. An exponential expansion in the number of residential and commercial structures, to accommodate an ever-increasing population, is primarily driving sales of roofing materials.

Manufacturers are increasingly focusing on materials with low environmental effect as the worldwide focus on sustainability of all aspects of an industry intensifies. Furthermore, increased awareness of the value of roof space and the potential of unique roofing materials for purposes other than keeping people warm and dry has influenced innovation tactics, according to the FMI report.

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Roofing Materials Market Study: Key Takeaways

The global roofing materials market is projected to record CAGR of 4.2% during the forecast period (2019-2029).
North America’s market, accounting for 46% of the total value, will continue to exhibit an impressive growth rate through 2029.
High growth opportunities are expected in Asia Pacific, due to rapid expansion of construction industry in developing countries
In 2018, total sales of roofing materials in India accounted for revenues worth over US$ 7.3 Bn.
Asphalt shingles are projected to account for relatively high share, following restrictions on bitumen in developed markets.
New installation of roofing materials will continue to influence growth strategies, while manufacturers are focusing on capitalizing on rapidly increasing retrofitting activities.
High adoption in residential sector remains key growth influencer, while rising application in commercial setting is likely to result in increased market share.

“With Tesla launching the third version of its Solar Roof Tiles or textured glass shingles that could send electricity to the company’s home batteries, key players are hard pressed to increase their investments in greener and versatile roofing materials. Moreover, these players will need to show duality in their approach to stay ahead of the curve. In addition to sustainable offerings, manufacturers are required to ensure ease of installation and low maintenance costs,” says the FMI analyst.

Manufacturers Eyeing Lucrative Opportunities in Developing Markets

In recent years, a number of population in urban cities of Asian pacific countries have been increasing on a significant pace, thereby potentially raising the need for both residential and commercial buildings. This, in turn, is weighing on same scale as increasing demand for roofing materials.

In the view of growing labor concerns across the globe, market players are seeing developing countries from manufacturing perspective, where operation as well as labor costs are relatively low. Furthermore, in Middle East & Africa, demand for roofing materials is expected to grow strong going forward, owing to recent economic development in several countries.

Green Roofing with High Aesthetic Appeal: A Key to Gain Competitive Edge

In order to align with sustainability trends while maintaining an aesthetic appeal of their products, roofing companies and shingle manufacturers are increasingly entering into partnership with designers to offer consumer-centric products. Maintaining a long-term relationships with customers by offering better quality products and services also remain a key focus area of manufacturers.

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FMI’s study offer comprehensive analysis and forecast statistics of the roofing materials market. The study divulges compelling insights on the roofing materials market on the basis of installation (retrofitting and new installation), application (commercial and residential), and material (bitumen, plastic roofing, metal roofing, tile roofing, asphalt shingles, and others).

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Nitric Acid Market | Current Scenario Trends, Comprehensive Analysis & Regional Forecast to 2032

Demand for nitric acid market is increasing, as it is a component of many fertilizers. The global nitric acid market is set to witness a significant CAGR of 2.3% and is anticipated to reach a valuation of around USD 37.63 billion by 2032, up from 29.3 billion in 2021.

Fertilizers are used to boost agricultural output in order to meet the rising food demand from the growing population. Nitric acid demand from fertilizer producers is expected to increase, as is fertilizer usage in agrarian economies around the world.

The existence of international firms, which are constantly coming out with new products to gain a larger nitric acid market share, makes the global nitric acid market extremely competitive.

The government’s environmental regulations and efforts to reduce industrial waste are what are preventing the nitric acid market from expanding. The market was constrained by these nitric acid market trends, due to rising concerns over CO2 emissions from automobiles.

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However, it is projected that the growing usage of plastic in the medical industry would lead to a gradual stabilization of nitric acid market share. The growing need for PPE kits, which has increased plastics manufacturing, is driving the growth of the nitric acid market.

North America is anticipated to hold the largest global market share for nitric acid, which may be ascribed to the region’s consumers’ high disposable income and robust economic growth. Most of the demand for nitric acid comes from Eastern Europe, a region with significant growth potential.

Key Takeaways from Market Study

The nitric acid market is expected to have a CAGR of 2.3% during the forecast period.
The market is segmented based on application, wherein the fertilizer segment is anticipated to account for a significant global nitric acid market share of 80.07% in 2021.
The European nitric acid market is anticipated to grow at the fastest rate, with a share of around 65.5% in 2021.
North America is likely to dominate the nitric acid market during the forecast period.
Asia Pacific is expected to witness a lucrative growth rate in the nitric acid market during the forecast period.
Demand for nitric acid is high, since it is a component of many fertilizers, and discretionary income among consumers is rising.

Competitive Landscape

Businesses all across the world are focusing on process innovation and capacity development. Key market players claim that building large plants and increasing commercial output would improve the availability of nitric acid.

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Key Players

BASF SE
Dupont
Nutrien Ltd.
Omnia Holding Limited
Apache Nitrogen Products Inc.
CF Industry Holdings, Inc
Thyssenkrupp AG
Yara International ASA
Rashtriya Chemical & Fertilizers Ltd.

Key segments

By Application:

Fertilizers
Nitrobenzene
Adipic acid
Toluene diisocyanate (TDI)
Nitrochlorobenzene
Others

Recent Developments: Product Launches and Collaboration

With a new long-term nitric acid supply contract signed in October 2020, LSB Industries, Inc. will supply 70 KT to 100 KT of nitric acid annually to a customer. This is an endeavor to improve profitability through targeted marketing and a different product mix.

At the Indian nitric acid complex, Deepak Fertilizers and Petrochemicals began commercial production in April 2019. Around 149 KT of diluted nitric acid and 92 KT of concentrated nitric acid are annually produced by the new factory.

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

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