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As per a latest Future Market Insights (FMI) analysis, the demand for microalgae in animal feed sector will top US$ 57.5 Mn in 2021. The overall market is forecast to expand at 3.5% CAGR between 2021 and 2031, reaching a valuation of US$ 80.9 Mn by 2031 end. Growing population, rising demand for animal products, and increasing adoption of pets are some of the factors fuelling the demand for microalgae in animal feed sector.

Rapid urbanization, rising disposable income, and growing awareness regarding benefits of natural antibiotics such as astaxanthin are positively impacting the sales of microalgae products.

Increasing consumption of animal proteins also is creating opportunities for sales of high quality fish and animal feed to derive healthy source of proteins for humans. As a result, microalgae products are gaining traction.

The rise in global population has led to the exploration of alternative sources of energy and food. Microalgae supplements not only benefit animal diets but also add value to the end products. The inclusion of microalgae in animal diets improves overall yield in animals.

Adoption of microalgae as feed ingredients is increasing, especially as a renewable alternative to traditional counterparts such as corn and soybean. It has been found that microalgae have anti-oxidant, anti-microbial and diseases preventing properties that can increase the lifespan of animals and fishes. As a result, they are being increasingly adopted in animal feed.

According to FMI, the surging demand for microalgae products across aquaculture and poultry industries will create scope for the expansion of the market during the forecast period.

Spirulina will lead the market in terms of species type. It is expected to account for a market share of around 39% in 2021. This can be attributed to its highly nutritional properties. North America is one of the leading regions, exhibiting high demand for microalgae. It is expected to account for 36.1% of the global microalgae sales in animal feed sector in 2021.

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“Growing demand for meat and dairy products to cater to the consistently increasingly population will continue to fuel the demand for microalgae in the animal feed sector,” says the FMI analyst.

Key Takeaways from Demand for Microalgae in Animal Feed Market Survey

• The U.S. will account for over 92% of sales in North America through 2031.
• Owing to the increasing sales of meat protein products, the demand for microalgae in Germany animal feed sector is expected to surpass a valuation of US$ 2.5 Mn in 2021.
• Brazil holds more than 52% value share in Latin America, driven by demand from a massive animal husbandry industry.
• Spirulina with its high nutritional properties account for more than 39% of the global market in 2021.
• Freshwater microalgae accounted for 82% of global demand for microalgae in animal feed sector in 2021.

Key Drivers

• Growing demand for meat and dairy products is bolstering the demand for microalgae in the animal feed sector.
• Rising awareness regarding the benefits of microalgae-based animal feed products is aiding the growth of the market.
• High adoption of microalgae products in aquaculture and poultry industry will further escalate the demand.

Key Restraints

• Availability of substitutes is hampering the demand for microalgae in the animal feed sector.
• High cost of microalgae-based animal feed also restraints the demand to some extent.

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Competitive Landscape

Key companies operating in the microalgae industry are aiming at developing new products. They have adopted various strategies such as mergers and acquisitions, development of new products and collaborations to gain a competitive edge in the market.

• In July 2021, AstaReal AB, part of the AstaReal Group introduced its astaxanthin brand NOVASTA in the European Market, to support optimal health and nutrition for a variety of animals. NOVASTA is rich in natural astaxanthin, carotenoids, proteins, carbohydrates and essential fatty acids.
• In July 2019 DSM, a global science-based company in nutrition, health and sustainable living, together with Evonik inaugurated their Veramaris 50-50 joint venture’s commercial-scale US$ 200 million production facility in Blair, Neb. (USA. This new site will begin commercial production of omega-3 fatty acids rich EPA and DHA from natural marine algae for sustainable salmon farming.

Some of the prominent players operating in the demand for microalgae in animal feds sector market profiled by FMI are:

• DIC Corporation
• Cyanotech Corporation
• Koninkliijke DSM NV
• Roquette Frères
• BASF SE
• Fuji Chemical Industries Co., Ltd
• Parry Nutraceuticals
• BGG (Beijing Gingko Group)
• KDI Ingredients
• Sinoway Industrial Co., ltd.
• INNOBIO Corporation Limited
• Yunnan Alphy Biotech Co., Ltd.
• Algaecan Biotech Ltd.
• Algatechnologies Ltd.
• Cardax, Inc.,
• Igene Biotechnology, Inc.
• Fenchem Biotek Ltd.
• AstaReal Inc.,
• Others

More Insights on the Demand for Microalgae in Animal Feed Sector Sales Outlook

FMI provides an unbiased analysis of demand for microalgae in animal feed sector market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global demand for microalgae in animal feed sector with a detailed segmentation on the basis of:

By Species Type:

• Spirulina
• Chlorella
• Dunaliella
• Haematococcus
• Crypthecodinium
• Schizochytrium
• Euglena
• Nannochloropsis
• Phaedactylum
• Others

By Source:

• Marine Water
• Fresh Water

By End Use Applications:

• Poultry Feed
• Swine Feed
• Cattle Feed
• Aquaculture Feed
• Equine Feed

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa (MEA)

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Key Questions Covered in the Demand for Microalgae in Animal Feed Sector Sales Outlook Report

• The report offers insight into demand for microalgae in animal feed sector demand outlook for 2021-2031
• The market study also highlights projected sales growth for demand for microalgae in animal feed sector market between 2021 and 2031
• Demand for microalgae in animal feed sector survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
• Demand for microalgae in animal feed sector share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

Download complimentary copy of Future Market Insights White Paper in collaboration with PBFIA, on the Plant Based Market that throws light on potential opportunities and investments made in the Global plant based market

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The Europe wood pellet heating systems market was valued at ~US$ 4.7 Bn in 2018, and is estimated to increase at a CAGR of ~3% during the forecast period of 2019-2029. This growth is majorly driven by the increasing consumption of wood pellet heating systems in commercial, residential, as well as industrial sectors.

1. The Europe wood pellet heating systems market was valued at ~US$ 4.7 Bn in 2018.
2. The wood pellet heating systems market is expected to grow at a CAGR of ~3% during the forecast period of 2019-2029.
3. Operational efficiency & economic benefits ensure high demand for wood pellet heating systems.
4. Collectively, Italy and France markets are estimated to account for ~50% of the sales in the wood pellet heating systems by the end of 2029.
   • Italy is expected to be the key revenue maker for wood pellet heating systems, owing to government subsidies and incentives for installation of biomass heating systems.
5. Commercial sector is expected to remain a prominent investment area for wood pellet heating systems market players.
   • Noteworthy application potential of wood pellet heating systems has been identified in heat and energy generation purposes.

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With the emergence of smart technologies and convenience trends among consumers, manufacturers of wood pellet heating systems are focused on incorporating advanced control panels and add-on features to their products to maintain innovation supremacy in the market, according to FMI’s analysis.

A new market research report by Future Market Insights on the wood pellet heating systems market includes Europe industry analysis 2014–2018 and opportunity assessment 2019–2029. The report investigates the wood pellet heating systems market and provides critical insights for the forecast period of 2019-2029. As per the findings of the report, the Europe wood pellet heating systems market is expected to experience substantial growth during the forecast period due to multiple driving factors, such as smart technologies & mobility heightening attractiveness of wood pellet heating systems over conventional ones and limited emission of air pollutants.

Rising Market Attractiveness of Nordic Countries

Italy is projected to hold significant value share in the Europe wood pellet heating systems market due to rising prices of fossil fuels and federal environmental sustainability strategies. However, the Nordics region, followed by Benelux, is expected to project lucrative growth in the Europe wood pellet heating systems market during the forecast period of 2019-2029. Denmark market is estimated to be prominent in Nordics, by holding ~20% of the market value share, and is expected to remain prominent till 2029.

Commercial Sector – Key End-use Area of Wood Pellet Heating Systems

The Europe wood pellet heating systems market has been segmented on the basis of product, end use, and countries such as Germany, Italy, France, the U.K., Spain, Nordics, Benelux, Russia, and Rest of Europe.

• On the basis of product, wood pellet stove is estimated to hold significant shares of the Europe wood pellet heating systems market in terms of value. By the end of 2029, sales of wood pellet boilers are likely to take over the stove variants.
• By end use, the residential sector is projected to hold significant share of the Europe wood pellet heating systems market. Residential adoption of wood pellet heating systems is expected to be prominent across all countries, owing to the increasing inclination towards biomass heating systems, advanced technologies, and optimum efficiency of wood pellet heating systems over conventional systems. However, the usage in industrial sector, followed by commercial, is expected to grow at a high CAGR.

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Wood Pellet Heating Systems Market: Vendor Insights

The report lists some of the prominent market players, who are recognized as leaders in the Europe wood pellet heating systems market. Some of the key players in the Europe wood pellet heating systems market are

• Ferroli S.p.A., BioCurve, ÖkoFEN Research and Development Ges.mbH, Linea Trovata, HAAS + SOHN OFENTECHNIK GMBH, Erwin KOPPE – Ceramic Heaters GmbH, Fröling GmbH, Biotech Energietechnik GmbH, KWB – Kraft und Wärme aus Biomasse GmbH, Gilles Energie- und Umwelttechnik GmbH & Co KG, Solarfocus GmbH, Windhager Zentralheizung GmbH, Guntamatic Heiztechnik GmbH, ETA Heiztechnik, HARGASSNER GmbH, and Burkhardt GmbH.

The Europe wood pellet heating systems market is considerably fairly fragmented with some players holding prominent shares of the market. These players are offering Wood pellet heating systems under several brands.

Key Segments of Europe Wood Pellet Heating Systems Industry Survey

Europe Wood Pellet Heating Systems Market by Product:

• Boilers
  • 1- 10 kW
  • 10- 50 kW
  • 50 kW -200 kW
  • 200 kW -500 kW
  • 500 kW- 1,000 kW
  • 1,000kW – 5,000kW
• Stoves
• Fireplace
• Biomass Gasifiers

Europe Wood Pellet Heating Systems Market by End Use:

• Residential Wood Pellet Heating Systems
• Commercial Wood Pellet Heating Systems
• Industrial Wood Pellet Heating Systems

Europe Wood Pellet Heating Systems Market by Country:

• Germany Wood Pellet Heating Systems Market
• Italy Wood Pellet Heating Systems Market
• France Wood Pellet Heating Systems Market
• U.K. Wood Pellet Heating Systems Market
• Spain Wood Pellet Heating Systems Market
• Nordics Wood Pellet Heating Systems Market
• Benelux Wood Pellet Heating Systems Market
• Russia Wood Pellet Heating Systems Market
• Rest of Europe Wood Pellet Heating Systems Market

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As per the findings of Future Market Insights’ (FMI) report, the diamond core drilling market is projected to experience positive growth over the forecast period. The market is poised to expand at over 6% CAGR on the account of increasing mining and construction activities across the globe.

Due to the need for improved infrastructure and to improve economic conditions, governments in numerous developing nations are increasing the construction and mining activities. This is expected to increase the adoption of diamond core drilling machines, spurring sales.

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With increasing demand for customized and automated drilling machines, the market is expected to reach the value of US$ 1.8 Bn in 2021. Growth in the market is attributed to the rising mineral production across developing economies, including India, China, and Japan.

As per the findings of the report, the global industrial robot controller market is anticipated to see substantial growth over the forecast period, set in motion by increase in the adoption of Human Machine Interaction (HMI), data & cloud capabilities boosting hardware control, and optimization of industrial robot cost.

As per Future Market Insights (FMI), the demand in the global industrial robot controller market is projected to surge at a robust CAGR of 8.9% during the forecast period 2022-2029.

Market gains have further been underpinned by high growth in automotive and electronic & semiconductor industry- the two big demand generating sectors in in the industrial robotics landscape.

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East Asia’s Industrial Robot Controller Market Set for Incremental Growth

According to the recent studies, while South Korea remains a prominent country in the robot per 10,000-employees’ ratio, China is projected to witness a see monumental growth. India being a fast-growing economy is expected to contribute a fair share in the industrial robot controller market during the assessment period, for the fact that industrial ecosystems of India are on the brink of a massive makeover.

Japan also commands a significant share in the industrial robot controller market, owing to the high penetration rate of automation in the country. Rapid transition of these countries towards robotic automation is further creating new opportunities for adoption of robotic controllers, thereby making East Asia a lucrative region for the industrial robot controller market players.

Software Based Technology Advancements and Cost Optimization Merging

Key players active in the industrial robot controllers market will benefit from the growing preparedness of industrial ecosystems for the impending ‘fourth industrial evolution’ and its after effects. Smart components and software’s such as sensors and controllers are the future of automation; industrial robot controller is one of the competence for robot manufacturers as all the electromechanical systems needed to be controlled.

Over the forecast years, human machine interaction is expected to be a growing trend that aims to bring robot and human anatomy closer. simultaneously, bridging the gap between a robot and control system.

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The report highlights some of the prominent market players, who have established themselves as leaders in the global industrial robot controller market. The global industrial robot controller market is significantly dominated by some players holding prominent shares of the market. Tier-1 players are joining forces with IoT platform based companies in order to achieve the ongoing trend of intelligent automation thereby gaining a competitive edge over its peers.

Production innovation and holistic developments will continue to be the key area of focus for manufacturers operating in the industrial robot controllers market, which is highly instrumental for their long-term growth. In addition, strategic collaborations such as mergers and acquisitions will also be of high importance for the market players to sustain growth via shared resource pools and combined technical expertise.

Industrial Robot Controller Market by Category

By Axis Type:

• Single Axis
• Four Axis
• Six Axis
• Other Axis

By Robot Type:

• SCARA Robot
• Delta Robot
• Cartesian/Gantry Robot
• Articulated Robot
• Collaborative Robot
• Dual Arm Robot

By Region:

• Americas
• EMEA
• South Asia & Pacific
• East Asia

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About Us

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

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Future Market Insights (FMI), in its new study, evaluates the ongoing developments in the underground mining equipment market and projects their impact on the growth of the market between 2019 and 2029. The study projects that the sales of underground mining equipment of worth ~US$ 14 Bn were recorded in 2018. However, the market value is likely to grow at a passive CAGR of 2.4% through 2029.

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1. The global underground mining equipment market size estimated in 2019 is ~US$ 14 Bn.
2. The underground mining equipment market is estimated to grow at a CAGR of ~2% during the forecast period of 2019 and 2029.
3. Growth of the mining industry and increase in the production rate of minerals are projected to boost the demand for underground mining equipment in the global market.
4. East Asia and Europe are expected to account for more than half of the value share in the global underground mining equipment market during the forecast period.
o East Asia, due to substantial growth of underground mining in China, is anticipated to continue be a prominent regional market for underground mining equipment manufacturers.
5. Technological advancements and autonomous equipment are expected to remain prime areas of development for underground mining equipment market players.
o Nowadays, most of the manufactures are focusing on developing hybrid or electric underground mining equipment to improve the safety and productivity of equipment in underground mines.
o The market players are also focusing on developing autonomous equipment for underground mining operations.

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FMI’s study finds that every 7 out of 10 underground mining equipment sold in 2018 were designated to applications associated with hard rock mining platforms. Increasing demand for hard rock minerals, such as copper, gold, zinc, and lithium, in wide-ranging industries has given rise to hard rock mining activities in the mining industry. Leading players in the underground mining equipment landscape are focusing on catering to the thriving need for improved productivity in underground hard rock mines with the launch of next-generation mining equipment.

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The high performance fibers market size is expected to be worth US$ 12.91 billion in 2022 and US$ 29.19 billion by 2032, with a CAGR of 8.5 % from 2022 to 2032. The growth of the global high performance fibers market share has been aided by the robust electronic equipment manufacturing sector.

The usage of high performance fibers in the creation of dependable and efficient semiconductors is a significant element driving the sales of high performance fibers. Another factor propelling the demand for high performance fibers is the use of carbon, aramid, and glass in their manufacture.

As a result, it is predicted that the global high performance fibers market is likely to experience significant growth during the forecast period. Due to their numerous essential characteristics, such as strong fabric integrity at good temperatures, high thermal and chemical resistance to most organic solvents, high abrasion resistance, and non-conductivity, the sales of high performance fibers are projected to increase.

High stiffness and an extraordinary strength-to-weight ratio of high performance fibers make them ideal for aeronautical applications, that’s why the demand for high performance fibers is rising. Given the aforementioned advantages, a range of end users considers the HPF to be the ideal product.

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Furthermore, the high performance fibers are also utilized in the production of composites for vehicles and vessels employed in the defense industry. These factors are expected to boost the high performance fibers market outlook between 2022 and 2032.

The expansion of the high performance fibers market share is hampered by a scarcity of high-quality products. Furthermore, unlike other metals and nonmetals, carbon fibers are not biodegradable and will not degrade in landfills. Carbon fiber recycling requires a lot of energy and is extremely difficult.

Long-lasting carbon fibre scraps have a negative impact on the environment and hamper the growth of the high performance fibers market.

Key Takeaways from Market Study

• The Polybenzimidazole (PBI) fibers segment is expected to grow at the fastest CAGR of more than 14.2 percent from 2022 to 2032 due to superior properties such as high glass transition temperature, no melting point, and extremely high heat deflection temperature.
• The aerospace and defence application segment will lead the market in 2021, accounting for more than 43% of global high performance fibers market revenue.
• The Asia Pacific region will lead the high performance fibers market in 2021, accounting for more than 43% of global revenue.
• North America held a significant high performance fibers market share in 2021, as the presence of key aircraft manufacturers contributed significantly to high performance fibers demand.

“Due to their exceptional qualities, high performance fibers have seen a significant increase in demand from a wide range of end users, resulting in the creation of a sizable high performance fibers market in recent years. As a result of increasingly stringent government regulations aimed at reducing CO2 emissions, the global high performance fibers market share has increased.”- Future Market Insights Analyst.

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Competitive Landscape

Key players in the high performance fibers market with wide distribution networks and strong market positions are boosting their R&D expenditure. They can enhance current items for new uses thanks to their strong technical and market development capabilities. As they provide the essential raw materials required to start the manufacturing process of different fibers, raw material suppliers play a significant role in the value chain.

The expansion and profitability of the global market are being constrained by the high cost of producing PBO, PBI, M5/PIPD, and aramid fibers.

The following companies are among the major players in the global high performance fibers market: Toray Industries, Inc., Dupont; Teijin Ltd., Toyobo Co. Ltd., DSM; Kermel S.A., Kolon Industries, Inc., Huvis Corp.

Key Segments

By Product:

• Carbon Fiber
• Polybenzimidazole (PBI)
• Aramid Fiber
• M5/PIPD
• Polybenzoxazole (PBO)
• Glass Fiber
• High Strength Polyethylene
• Others

By Application:

• Electronics & Telecommunication
• Textile
• Aerospace & Defense
• Construction & Building
• Automotive
• Sporting Goods
• Others

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Recent Developments in High Performance Fibers Market:

• In April 2019, Honeywell teamed up with Heathcoat Fabrics, a producer of technical fabrics. In this partnership, Honeywell gives the latter business its Spectra fiber to help create new industrial and military applications.
• In July 2018, TenCate Advanced Composites Holding BV, a producer and distributor of carbon fibre composite material, was acquired by Toray. The acquisition made it possible for the prior business to offer clients a wider range of products.
• In October 2019, Honeywell unveiled Spectra Shield® 6472, a new product in their line of high-performance hard armour. The new shield satisfies the exacting standards for military defence.
• In October 2019, Bally Ribbon unveiled the E-WEBBINGS® e-textile product range. For textile applications, this provides a flexible basis. Several types of fibers and conductive materials are used to create these finely woven E-Webbings fabrics.

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According to Future Market Insights (FMI), the global industrial oil market is projected to reach a value of US$ 90,491.1 Mn by the end of 2032. Development in the industrial sector and growing sales of automotive are expected to influence the growth in industrial oil market in the upcoming decade.

Growing demand for oil for lubrication in industrial equipment and machinery in manufacturing sector, in turbines, power industry, automotive engines, and other parts are key drivers in industrial oil market. Moreover, rising demand for enhancing the equipment performance and protecting the machinery and vehicle engine from wear and tear will propel the sales of industrial oil.

Also, significant development in the manufacturing, construction, and automotive sectors especially in the developing countries such as India and China are expected to create growth opportunities for industrial oil market players in the coming years.

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“Demand outlook for industrial oil is anticipated to remain significant over the projected period owing to increasing demand from manufacturing and automotive sector,” says an FMI analyst.

Key Takeaways:

• The global market of industrial oil is estimated to witness a growth at a CAGR of 6% over the period of 2022 and 2032.
• South Asia is expected to be the most remunerative industrial oil market owing to the growing expansion of energy generation and automotive sector.
• The U.S., Netherlands and Russia are expected to remain key exporting countries for the synthetic oil in the global market.
• In terms of oil type, mineral-based industrial oil is expected to witness fastest growth in the upcoming decade.
• Based on end-use, energy generation segment is expected to contribute lion’s share in the global industrial oil market.

Competitive Landscape

The industrial oil market is estimated to be consolidated, with leading key players expected to account for a key share of the market. Some of the key market participants involved in the business of industrial oil are Exxon Mobil Corporation, Chevron USA Inc, Royal Dutch Shell Plc, Castrol Limited, China Petroleum and Chemical Corporation, Lubrication Engineer, Chempoint, Panolin AG, Fuchs, Shell, and others.

These key players are investing in expansion strategies by expanding their geographical presence, by setting up of manufacturing units and sales offices in the developing countries. Further the top players are acquiring medium size players or are collaborating with other key manufacturers to enhance their client base. Furthermore, key players are focusing on shifting their focus on sustainability development by manufacturing oil from bio based sources and also bio waste.

For instance,

Exxon Mobil collaborated with GE Power for the development of highly efficient turbine oil which is expected to improve turbine bearing efficiency by about 15% as compare with the traditional turbine oil.

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Industrial Oil Market Segmentation

By Source:

• Crude Oil
• Soybean
• Rapeseed
• Sunflower
• Cottonweed
• Corn
• Palm
• Others

By Type:

• Mineral
• Synthetic and Semi-Synthetic
• Biobased

By End-Use

• Power Generation
• Chemical Manufacturing
• Metallurgy
• Food and Beverages
• Automotive and Other Transport
• Paints and Coatings
• Cosmetics and Personal Care Products
• Pharmaceuticals

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More Insights into the Industrial Oil Market Report

In its latest report, Future Market Insights offers an unbiased analysis of the global industrial oil 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 oil type, source, type, end-use, and region.

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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The global ready-mix concrete market stands at US$ 46.9 Bn as of now and is expected to reach US$ 61.7 Bn by the year 2032 at a stellar CAGR of 13.2% between 2022 and 2032.The developing economies are subject to rising urbanization, which is, in turn, asking for constructive expansion of the building & construction vertical.

The United Nations 2030 estimates say that urban population all across India would grow by an astonishing 165 Mn by the year 2030. Also, FMI Global Housing Watch states that residential real estate all across did generate almost US$ 221.6 Bn in the year 2019, thereby witnessing a Y-o-Y rate of 12%.

Overall, multi-billion-dollar infrastructure schemes are turning out to be the norm as governments are striving to keep up with the growth, raising standards of living, and facilitating financial development.

The projects like Asia – Belt and Road Initiative in China, Sydney Metro in Australia, Africa – Lagos-Kano Railway in Nigeria, South America – 4G Roads and Highway Program in Columbia, and North America – California High-Speed Rail in the US could be referred to as mega infrastructural projects that could direct the ready-mix concrete market towards exponential growth in the upcoming period.

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At the same time, the fact that initial investments pertaining to ready-mix concrete plants are high cannot be ignored. This could be credited to marked difference in prices of land and raw materials’ availability. Plus, effective transportation is needed to the site, which adds to the overheads.

As such, those handling small projects may have to give a second thought in this regard. Future Market Insights has walked through these facts with insights in its latest market study entitled ‘Ready-Mix Concrete Market’.

Key Takeaways from Ready-Mix Concrete Market

• North America contributes for more than 60% of the overall market share. This could be attributed to increasing frequency of renovations in Canada and the US. The US Commerce Department says that spending on construction increased by 1.8% in March 2020 alone. Plus, modernization of infrastructure is on the anvil.
• Europe is expected to stand second on this count on the grounds mentioned above.
• The Asia-Pacific is expected to witness a robust CAGR of ~8% in the forecast period. This could be reasoned with development in infrastructure in Thailand, China, India, and Singapore.

“Delivery of ready-mix concrete via transit mixer does facilitate implementing accurate concrete in building and construction, thereby rendering it strong and long-lasting. This factor is expected to keep the cash registers ringing for ready-mix concrete market in the near future”, says an analyst from Future Market Insights.

Key Companies Profiled:

• CEMEX S.A.B. de C.V.
• Vicat SA
• Ultra Tech Cement Limited
• Lafarge
• ACC Limited
• Barney & Dickenson, Inc.
• SIKA Group
• Heidelberg Cement
• Holcim Ltd.
• Italcementi Group

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Competitive Landscape

• UltraTech, in May 2020, did develop the in-house technology for collecting the concrete left behind at construction sites and converting them into slurry to recycle in the ready-mix concrete. This plant technology comes across as an automated thing and is environmentally-friendly in entirety, as it does away with water or solid waste.
• Hanson Group, in April 2020, did supply ready-mix concrete for converting it into an NHS filed hospital to treat and care for patients contracting coronavirus.
• Heidelberg Cement, in March 2021, entered into partnership with Thoma Bravo to invest in Command Alkon for building digital ecosystem for ‘heavy building materials’ vertical.
• ACC, in March 2021, put forth Global green concrete ‘ECOPact’ in Kolkata, India.
• CEMEX, S.A.B. de C.V., in February 2021, did announce its expansion of the US operations to strengthen the network in Texas by acquiring ready-mix business.

Key Segments Profiled in the Ready-mix Concrete Industry Survey

By Production:

• On-Site
• Off –Site

By Product Type:

• Residential
• Non-Residential
• Infrastructural
• Commercial
• Industrial

By Region:

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

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What encompasses the Ready-Mix Concrete Market?

• Future Market Insights offers an exclusive perspective and various real-time insights on the ready-mix concrete market in its latest study, presenting historical demand assessment of 2016 – 2021 and projections for 2022 – 2032.
• The research study is based on production (onsite and off-site), and by product type (residential, non-residential, infrastructural, commercial, and industrial).
• Advantages like curtailed cost on the part of sight supervision and labor along with simplistic pouring methods are expected to draw more end-customers to the ready-mix concrete market going forward.

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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The Global Antimony Trioxide Market is expected to grow at a CAGR of approximately 5.39% will grow between 2022 and 2032, reaching a valuation of nearly US$ 1.78 billion by 2027. The increasing adoption of antimony trioxide as a flame retardant and catalyst in several industries is driving the demand for antimony trioxide.

Antimony trioxide is an organic chemical compound, It can be found in nature in the form of minerals senarmontite and valentinite. Antimony trioxide is one of the prominent commercial compound of antimony. Antimony trioxide is amphoteric in nature and is soluble in acids.

Generally antimony trioxide manufacturing process follows two steps, in the first step antimony trisulphide is reacts with ferrous chloride to form antimony trichloride, which is then hydrolysed to produce antimony trioxide.

Antimony trioxide is primarily used as a flame retardant in various industries such as plastics & polymers especially for wiring and cables, textiles, paper and coatings. Antimony trioxide is also used as a pacifying agent in the processing of glass, enamels and ceramics.

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Antimony trioxide is also being used as a catalyst in vulcanization of rubber and in production of polyethylene terephthalate. Antimony trioxide can also be found in some of the speciality pigments. Antimony trioxide is also used as a flocculent in the production of titanium dioxide.

Antimony trioxide does not reacts directly as a flame retardant but is used as a synergist to enhance the activity of halogenated flame-retardants. It is suspected that antimony trioxide has carcinogenic effects on human body.

Antimony Trioxide Market: Dynamics

Antimony trioxide finds crucial role as a flame retardant especially in wiring and cables which are inseparable aspects of the electrical and electronics industry. The growth of electrical and electronic industry is estimated to be an important driving factor for the growth of antimony trioxide market.

Also, the rapid urbanization and rising per capita spend has up surged the consumption of electronic and electrical appliances which is positively influencing the global antimony trioxide market. Also the rising population has led to growth of textile industry, growing textile industry will create substantial opportunity for the antimony trioxide market.

Plastics and polymers are important part of this modern industrial, owing to which rising demand for plastic & polymers coupled with rapid industrialization is estimated to drive the growth of antimony trioxide market.  Glass and ceramics are finding an important place in this modern building & construction industry. Increasing demand for ceramics & glass is estimated to boost the growth of antimony trioxide market.

Also, the growing demand for paints and coatings owing to the growth of building & construction is estimated to have positive impact on the global positive impact on the global antimony trioxide market. Availability of alternative solutions in glass and ceramics processing is estimated to hamper the growth of antimony trioxide market.

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Antimony Trioxide Market: Key Participants

Examples of some of the market participants operating in the global antimony trioxide market are:

AMG Advanced Metallurgical Group, Productos Esebe S.I, Hunan Province Anhua Huayu Antimony Industry Co, Ltd., YoungSun Chemicals Corp., United Mineral & Chemical Corp., Huachang Antimony Industry, Chemico Chemicals Pvt. Ltd., Niknam Chemicals Private Limited, Spirochem Lifesciences Private Limited, Samuh Laxmi Chemicals (Bom) P. Ltd. and  Nihon Seiko Co., Ltd. among others.

The Antimony trioxide market research report presents a comprehensive assessment of the Antimony trioxide market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data.

It also contains projections using a suitable set of assumptions and methodologies. The Antimony trioxide market research report provides analysis and information according to Antimony trioxide market segments such as geographies, application and industry

The Antimony trioxide Market 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 Antimony trioxide market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Antimony trioxide market segments and geographies.

Antimony Trioxide Market: Segmentation

The global antimony trioxide market can be segmented on the basis of grade, application and end-use.

The global antimony trioxide market is segmented on the basis of grade:

• Low Purity Grade (<99%)
• High Purity Grade (≥99%)

The global antimony trioxide market is segmented on the basis of its application:

• Flame retardant
• Catalyst
• Pacifying agent

The global antimony trioxide market is segmented on the basis of its end use:

• Plastics & Polymers
• Glass & Ceramics
• Textiles
• Paper industry
• Coatings

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Report Highlights:

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

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.

Contact Us

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Future Market Insights (FMI), in its latest research study, examines the growth trail of contact and convective dryers market for the assessment timeframe of 2019-2029. According to the research study, sales of contact and convective dryers reached ~ 2,649 units in 2018, with an estimated Y-o-Y increase of 2.8% to be witnessed in 2019.

Increasing focus on industrial drying as an imperative for sustenance of product quality is emerging as a bedrock for growth of contact and convective dryers market, finds the FMI study. Industrial drying remains one among the most-demanding unit operations, and this demand continues to firm up as end user industries navigate toward achieving ‘operational efficiency’.

Industrial drying has been spectating proactive efforts in boosting research & development (R&D) over the last three decades to adapt to the evolving requirements coming from various product types. Growing investments in research and development activities is marking new beginnings for the market in terms of new product developments and innovations coming to the fore. 

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According to the report, the role of contact and convective dryers in form of intermittent drying equipment is likely to be prominent in 2019 and beyond, as they address the fundamental drying requirements before the products go upstream for complex drying processes. However, limited installation rate coupled with low replacement ratio are two of the key factors expected to pose significant challenges for manufacturers of contact and convective dryers.

Fast-Paced Growth of Processing Verticals Unlocking Gains in Developing Economies

The FMI study opines that sky-rocketing growth of processing industries in fast-growing economies, such as South Asia and East Asia, are signaling the emergence of new opportunities for the market players to leverage. High adoption of contact and convective dryers to effectively meet the drying requirements, especially for powders, remains one of the key factors pushing their demand in industrial processing streams. Leading market players are redesigning their expansion strategies with a stronger orientation toward these regions, so that they firmly establish themselves in this ‘already-opportunistic’ markets and reap large profits.

Preview Analysis of Contact and Convective Dryers Market is segmented by (Product Type – Contact & Convective; Orientation – Horizontal & Vertical; Application – Pharmaceuticals, Metallurgy, Food & Beverages, Chemicals & Auxiliary Manufacturing;) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 – 2029: https://www.futuremarketinsights.com/reports/contact-and-convective-dryers-market

According to the study, sales of contact dryers will continue to outpace the sales of convective dryers, with global sales estimated to reach ~ 1,768 units in 2019. While higher energy efficiency continues to be the biggest selling point of contact dryers, reduced environmental footprint and low costs are two more factors underpinning their visibility. In addition, contact dryers possess unmatched ability in terms of accumulation and retention of heat, which further warrants its viability amidst the end-user marketplace.

As suggested by FMI’s analysis, the contact and convective dryers market showcases higher degree of consolidation at the bottom, with mid-level and emerging players commanding for a major chunk of the global market share. The market participants will continue to invest in service and supply contracts with end-users as a key cornerstone of their sales strategy. Market players are capitalizing on the trend of ‘digitalization’ to support customers in terms of optimized designs and operating costs.

Customized contact and convective dryers will remain a prime focus for manufacturers to revive their business models, unveils the FMI research study. As product customization is one of the best tools businesses can use to comprehend the end user needs, manufacturers are focusing on product personalization to diversify their offerings and reach new markets with minimum tweaks to their business models. Manufacturers active in the contact and convective dryers market will continue placing their bets on strategic mergers and acquisitions, with new possibilities as a result of combined-expertise and shared resources pool.

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About Us

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

Contact Us:
Future Market Insights,
Unit No: 1602-006,
Jumeirah Bay 2,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers,
Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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