Elastomeric Coatings Market Size to Reach US$ 11.36 Billion by 2022-2029 at a CAGR of 7.6% : Exclusive Report by FMI

The global elastomeric coatings market was valued at US$ 5.2 Bn at the end of 2021, and is expected to witness lucrative growth at a CAGR of 7.6% during the forecast period of 2022-2029. Rising demand for eco-friendly and advanced coatings coupled with growing building and construction activities makes elastomeric coatings a popular and innovative choice in the market.

Through constant research & development, elastomeric coatings are finding applications in different areas. The growing construction industry is expected to catalyze the growth of the elastomeric coatings market. Further, superior property of the product – water resistance – efficiently protects the intrusion of moisture into the walls, in the construction industry.

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Key Takeaways of Elastomeric Coatings Market Study

  • By type, silicone is expected to be most popular choice of elastomeric coatings, owing to the increasing consumption of silicone-based elastomeric coatings for roof protection against bad weather, standing water, and sun damage.
  • In terms of application, the building and construction industry is expected to be a prominent consumer of elastomeric coatings. This is driven by the increasing construction of commercial, domestic, and industrial buildings across geographies. Furthermore, it is expected that, the application of elastomeric coatings on roofs will be prominent throughout the forecast period.
  • The elastomeric coatings market is anticipated to grow at a decent rate in developing economies, especially in China, India, ASEAN countries, etc., as favorable market conditions and a large consumer base are fueling the demand for elastomeric coatings.
  • Advanced coating technologies have gained tremendous attraction for waterproofing purposes in several industries such as building & construction, automotive & transportation, chemicals, oil & gas, energy & power, etc. Therefore, the shifting trend towards the adoption of advanced coating technologies is expected to drive the growth of the elastomeric coatings market.

 “Elastomeric coatings hold more advantages over other coating systems, owing to lower VOC emissions and recyclability, which makes them a preferred choice because of their eco-friendly properties. Attributed to this factor, the demand for elastomeric coatings is anticipated to grow at a significant rate over the forecast period.”

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Elastomeric Coatings Market: Competition Analysis

The global elastomeric coatings market is a consolidated market space, due to the presence of less number of market players around the world. Some of the key players identified across the value chain of the global elastomeric coatings market are BASF SE, Rhino Linings Corporation, PPG Industries, Inc., Teknos Group, Huntsman Corporation, Covestro AG, Sherwin-Williams Company, Pidilite Industries Ltd., Versaflex Incorporated, and DowDuPont Inc.,  among others.

Most of the key players maintain strategic focus on the development of distribution partnerships and joint ventures for global expansion. Manufacturers are focusing on manufacturing sustainable products to cater to the increasing demand for such products for various applications.

Elastomeric Coatings Market By Category

By Types :

  • Acrylic
  • Polyurethane
  • Epoxy
  • Silicone
  • Polyurea
  • Others

By Application :

  • Building & Construction
  • Industrial
  • Automotive & Transportation
  • Others

How will the market shape up?

Overall growth prospects of economies are expected to remain positive in the coming years. Owing to rapidly growing industrialization and urbanization, end-use industries such as construction are growing at a significant growth rate, which, in turn, is boosting elastomeric coatings market growth.

The building and construction segment is estimated to maintain its prominence over the forecast period, whereas, the usage of elastomeric coatings in industrial applications is projected to gain high traction at a steady peace.

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What does the report offers?

The latest publication by Future Market Insights provides comprehensive analysis of the global elastomeric coatings market. This market study provides detailed insights on the elastomeric coatings market through well-structured market research.

The global elastomeric coatings market study offers inclusive market analysis of historical performance of 2014-2021 and opportunity assessment for the forecast period of 2022-2029. The market study provides prevalent insights on various aspects of the elastomeric coatings market based on type and application across the targeted seven regions.

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Mining Lubricants Market worth US$ 2,988.6 Million by 2022-2030 at a CAGR of 3.4% | Future Market Insights

Future Market Insights, in its incisive study on the mining lubricants market, opines that the market is slated for 3.4% growth through the forecast period (2022-2030). Growing investments in Asia Pacific are likely to offset subdued growth in key markets, with coal and iron ore mining sector driving demand.

Manufacturers are working on product differentiation strategies to develop lubricants that have prolific anti-friction properties, high pressure additives and the correct anti-wear agents. Sharper profit margins are underpinned by lubricants used in equipment such as coal crawler excavators.

Key Takeaways of Mining Lubricants Market Study

  • The mining lubricants market is slated to reach US$ 2.98 Bn by 2030
  • High performing lubricants and greases are growing in demand as covid-19 tightens operating costs
  • Coal mining largest application avenue, accounting for over 50% mining lubricants market share
  • Open pit mining is heightening the adoption of loaders, roof bolters, draglines and haul trucks thus boosting demand for lubricants
  • Bio-based lubricants pipped as a log-term solution, but current market dynamics in favor of synthetic variants

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For mining companies, operational and maintenance costs account for a significant share. Increasing awareness among companies about the proper usage of lubricants has decreased the maintenance cost of equipment. Moreover, it has also helped companies to avoid unexpected shutdowns”, says an FMI analyst.

Key Companies Profiled:-

  • BP plc
  • Calumet Specialty Products Partners
  • Royal Dutch Shell PLC
  • Chevron Corporation
  • Exxonmobil Corporation
  • Fuchs Petrolub SE
  • Kluber Lubrication
  • Lukoil
  • Petrochina Company Limited
  • Petronas
  • Quaker Chemical Corporation
  • Schaeffer Manufacturing Co.
  • Total S.A.
  • Petro Canada Lubricants Inc.  (Holly Frontier acquired)

Mining Lubricants Market – Competition Landscape

Technological advancements in lubricants is acting as a catalyst for mining lubricants market players to move up the value chain. The mining lubricants marketplace remains moderately fragmented, with Shell, Exxonn Mobil and Chevron as the traditional triumvirate.

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With size of mining equipment undergoing a seismic shift, manufacturers are strategizing to come out with differentiated offerings that lower maintenance costs.

  • Schaeffer, a privately held US company specializing in heavy duty lubricants, has demonstrated the capability of extending working time of mining equipment by several hours. Besides this, the company’s lubricants create a highly durable shield thus reducing metal-to-metal contact and friction
  • Total, on the other hand, closely collaborates with its mining company clients, advising them on correct lubricant storage solutions. It recommends the first in, first out approach thus reducing costs on obsolete inventories by as much as 6% – 19%
  • Exxon Mobil, in the year 2021, expanded its refinery at Singapore for better upgradation of Group II lubricants stock to remain competitive in the market

COVID-19 Impact on Mining Lubricants

In the first quarter of 2022, lubricant players have bore the brunt of the COVID-19 crisis as the virus rampaged across China, Europe and North America. Many had to fully or partially shut down operations. Sales of lubricants were down by as much as 70%-75% in Asia Pacific. Industry experts predict a gloomy outlook for the near term as it will take a few quarters for the market to come back to normalcy.

With lockdowns in force in Europe, Asia and North America, there has been a cessation in mining activity. Consumption of lubes has dropped and many lube refiners are being forced to cut down their throughput by at least 20%-30%.

The daily global oil demand is also set to shrink by a few million barrels leaving an unpleasant residual impact on the mining lubricants market. The use of inventories to meet pending demand and cash reserves will help lubricant manufacturers to sail through this turbulent time in the short-term.

Mining Lubricants Market by Category

By Product Type:

  • Oils
  • Grease

By Source:

  • Synthetic Lubricants
  • Bio-based Lubricants

By Application:

  • Coal Mining
  • Bauxite Mining
  • Iron Ore Mining
  • Precious Metals & Rare Earth Minerals Mining
  • Industrial Mineral Mining
  • Others

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Want to Know More?

Future Market Insights has published a market research report on the Mining lubricants market that contains global industry analysis for 2015–2021 and opportunity assessment for 2022–2030. The report provides insightful analysis of the Mining lubricants market through four different segments- product type, source, application, and region.

The Mining lubricants market report also provides demand trends of different types across industry verticals, a comprehensive list of service providers in the market, various projects around the world, along with a detailed overview of the parent 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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Mono Propylene Glycol Market Is Expected to Reach US$ 5,159.5 Million by 2022-2029 | Future Market Insights

Mono propylene glycol (MPG) continues to find application across diverse industries, on the back of its low toxicity and hygroscopic properties. A recent Future Market Insights (FMI) study suggests that the global mono propylene market value will reach beyond US$ 5 Bn towards the end of 2029, witnessing a moderate CAGR during forecast period (2022 – 2029).

Environmental sustainability of bio-based mono propylene glycol will be significantly responsible in upholding its demand in the global market over the course of following years.

Manufacturers in the mono propylene glycol market can gain substantial profits by targeting long-term supply contracts from prominent end-use industries such as food & beverage, pharmaceutical, building construction, and others, across various developing countries such as India and China.

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Key Takeaways – Mono Propylene Glycol Market Study

  • Low toxicity of mono propylene glycol, as compared to ethylene glycol, is expected to drive its usage in cosmetics and personal care products on a large scale. As ethylene glycol is poisonous and must be handled with caution to restrict any human or animal exposure, MPG will witness higher demand in the forecast period.
  • Being the preferred glycol for manufacturing high performance, unsaturated polyester resins for several uses such as reinforced plastic laminates for marine construction, gel coats, sheet molding compounds (SMC), and synthetic marble casting, industrial grade mono propylene glycol is projected to witness significant demand. It is also a vital intermediate in the production of alkyd resins for paints and varnishes.
  • Substantial demand is anticipated for mono propylene glycol from the pharmaceutical industry as it is a well-known excipient. MPG is used for several purposes in a broad range of pharmaceutical dosage forms, for e.g. as a humectant in topical medication, as a preservative in solutions, or as a co-solvent in aerosols, parenteral, and oral solutions.

Manufacturers Moving towards Bio-based Mono Propylene Glycol

Bio-based mono propylene glycol is gaining popularity in the market, as a switch from petrochemical- to renewable-based MPG results in the reduction of climate change impact of 40-60% kg of CO2. Several countries are taking initiatives to increase the adoption of bio-based mono propylene glycol among various end-use industries owing to its significant environmental benefits.

Who Is Winning?

The global mono propylene glycol market is fairly consolidated due to the unavailability of raw materials required for the manufacturing of mono propylene glycol, especially at the regional level, and absence of local manufacturers. Key manufacturers such as Dow Chemical Company, Lyondell Basell, BASF SE, and Royal Dutch Shell PLC account for about 40% of the overall market share.

North America and Europe are anticipated to account for a significant share of the global mono propylene glycol market, owing to rapid infrastructural development and increasing preference for bio-based mono propylene glycol.

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Mono Propylene Glycol Market Market by Category

By Grade:

  • Technical
  • Food
  • Pharmaceutical

By Application:

  • Unsaturated Polyester Resin (UPR)
  • Polyester Fiber Production
  • Food Additive
  • Heat Transfer Fluid
  • Pharmaceutical Solvents
  • Liquid Detergents
  • Paints & Coatings
  • Other Industrial

By End Use:

  • Chemicals
  • Cosmetics & personal care
  • Pharmaceutical
  • Food & Beverage
  • Others

By Source:

  • Synthetic
  • Bio- based

Learn More About Report Inclusions

The research report analyzes total sales of mono propylene glycols on the basis of volume (KT) and value (US$ Mn). The report includes a competition analysis section that includes market structure analysis, tier structure analysis, competition development, and other crucial information about global and regional players in the market.

Opportunities in the market are projected on the basis of factors such as construction industry growth, food industry outlook, pharmaceutical industry overview, investments in upcoming infrastructure projects, and expansion in production capacity by worldwide manufacturers.

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The market is mailnly driven by the end use industry such as food & beverage, cosmetics & personal care industry market. Due to Covid-19 pandemic all the industries has suffered and witnessed downfall, but in the coming years market is anticipated to witness significant growth owing to the increase in consumption from end use industries.

Due to increased environmental concerns, manufacturers in the business are focused on bio-based chemicals for producing mono propylene glycol, which is acting as another growth-inducing element.

Furthermore, as the coronavirus disease (COVID-19) spreads, there is an increase in the need for propylene glycol in the production of hand sanitizers and surface disinfectants. Thus the end use segment of pharmaceuticals have witness a positive outlook in the 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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Europe Water Pumps Market Current Scenario and Industry Growth Forecast with Major Key Players data by 2031

Europe water pumps market is expected to exhibit year-on-year (YoY) growth of 3.8% to total ~US$ 8 Bn in 2021. As per the study, the demand for water pumps in Europe will increase by 3.6% CAGR between 2021 and 2031.

By product type, axial and mixed flow water pump sales will grow by over 4.3% CAGR in overall Europe water pumps market. As of 2020, water pumps sales accounted between 53% and 55% of overall Europe pumps market.

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Pump manufacturing is a thriving industry driven by both small and large enterprises in Europe. These end-use sectors are confronting rising energy conservation demand as well as far-reaching environmental issues in the fight against climate change.

Water and wastewater treatment has been the most receptive sector among the various industrial verticals in terms of adoption, with significant expenditures made and planned towards facility modernization, which includes asset monitoring and integration of industrial internet of things (IIOT).

Several organizations have been actively upgrading their water treatment plants with smart pumps. As a next step, companies have planned to invest in IIoT based solutions that helps to acquire and interpret the data generated from these assets with power of algorithms and machine learning capabilities that aids to predict failures, increase productivity and drive innovation. However the degree of investment in IIOT is largely governed by the water sector’s legal framework.

Key Takeaways of Water Pumps Market Study

  1. As per Future Market Insights, Germany, U.K. and Russia are key markets accounting for nearly half of water pumps sales in the Europe market value share in 2021.
  2. The Water Pumps market in U.K. is expected to rise at nearly 2.8% CAGR over the forecast period. Overseas customers prefer manufacturing and engineering expertise of U.K. over other countries.
  3. The value share of 2 HP water pumps is more than one-fourth of the Europe market. These high pressure pumps are used in agriculture and irrigation applications, easy to operate, can be suitable for potable purposes as well as the robustness and durability makes it preferred choice among the end-users.
  4. Water pumps market is a highly consolidated with the top players holding nearly 65-70% of water pumps sales within Europe.

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“Studies and research have been conducted in recent years to offer improved energy-efficiency in water pumps. Energy and environmental concerns can provide an excellent foundation for pump application innovation and European pump manufacturers are leading the way in this field. EU legislation has mandated minimum energy efficiency requirements for clean water pumps and circulators, which is expected to positively affect the market growth,” says a Future Market Insights analyst.

During the forecast period, water pumps market is expected to be aggressively driven by automation. With the positive influence from industry 4.0 and the rising implications of quality management systems to enhance efficiency of operations and reduction of error rate, there will be surge in sales of Water Pumps and manufacturers are likely to generate higher revenues from Water Pumps.

Competitive Landscape

The market for Water Pumps in Europe is extremely consolidated, with the top players accounting for over 65-70% of the market in 2020. These market participants are vying to expand their geographic footprints by targeting new markets in European countries. They are integrating IOT enabled technology to track the runtime and optimize equipment efficiency. Some of the key players in the market include tier-1 companies such as Xylem Inc, Grundfos, Flowserve Corporation, Andritz Group, Ebara Corporation, KSB AG, Sulzer Ltd, Gormann Rupp, Franklin Electric and ITT Inc.

Key Europe Water Pumps Market Segments Covered

By Capacity:

  • Upto 2HP
  • 2-5 HP
  • 5-10 HP
  • 10-15 HP
  • 15-20 HP
  • 20-30 HP
  • Above 30 HP

By Product Type:

  • Centrifugal Pump
    • Single Stage
    • Multi Stage
    • Axial & Mixed Flow
    • Submersible
    • Circulator
  • Positive Displacement
    • Reciprocating
    • Rotary

By End Use Sector:

  • Centrifugal Pump
    • Domestic
    • Agriculture & Irrigation
    • Mining
    • Water & Wastewater
    • Oil & Gas
    • Other Industrial
  • Positive Displacement
    • Oil & Gas
    • Chemical
    • Water & Wastewater
    • Pulp & Paper
    • Power
    • Other Industrial

By Country:

  • Germany
  • Italy
  • France
  • U.K.
  • Spain
  • BENELUX
  • Russia
  • Poland
  • Rest of Europe

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Vulcanization Accelerators Market Worth US$ 2,301.6 Million by 2022-2029 | Future Market Insights

The latest study published by Future Market Insights (FMI) on the vulcanization accelerators market incorporates the global industry analysis for 2014 – 2021 and market opportunity assessment for the forecast period of 2022 – 2029.

The global vulcanization accelerators market was evaluated at ~US$ 1.4 Bn in 2021 and is anticipated to grow with ~4% CAGR during the forecast period i.e., 2022 – 2029. Tire is an irreplaceable automotive component, and its demand has been on the rise over the years.

The market study divulges decisive insights and offers exhaustive market analysis for the historical as well as forecast period. As per the market assessment in the report, the global vulcanization accelerators market is estimated to witness substantial growth due to growing demand from the tire industry.

As tires of heavy vehicles need to be replaced more frequently, the industry is responsible for the maximum consumption of vulcanization accelerators. Thus, growing tire production and replacement activities are estimated to fuel the growth of the vulcanization accelerators market, as reported by FMI.

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Apart from tires, rubber is also used in other automotive parts such as wiper blades, engine mounts, seals, hoses, and belts. Growing automotive production will elevate the manufacturing of automotive rubber parts and components. Thus, increasing the consumption vulcanization accelerators. Rubber is used extensively in industrial products such as rubber belts, rubber buckets, rubber pads, rubber lining, rubber rollers, and rubber mats, among various other products.

Apart from these, rubber finds key application in the manufacturing of medical products such as condoms, surgical gloves, stoppers, tubes, cushioning or supporting materials, breathing bags, implants, prosthetics and catheters, etc. Thus, growing rubber consumption in medical and industrial sectors is estimated to surge the demand for vulcanization accelerators.

Vulcanization Accelerators Market: Manufacturer Insights

According to the FMI analysis, the global vulcanization accelerators market is moderately consolidated with global and regional players playing key roles. The global vulcanization accelerators market report shades light on few of the key industry players in the global market.

Some of the examples of key players in the market are Lanxess AG, Arkema, Eastman Chemical Company, Sumitomo Chemical Co., Ltd., NOCIL Limited, and Kumho Petrochemical, among others.

FMI study finds that the automotive industry slowdown in the past few months has changed the situation. However, government initiatives, tax cuts, and subsidies will continue to drive the growth of the automotive sector, and subsequently of the vulcanization accelerators market. Also, the increasing demand for vulcanized rubber in the manufacturing of industrial & medical rubber goods is expected to raise the demand for vulcanization accelerators.

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Thiazoles and Sulfanamides to Remain Prominent Product Choices

The global vulcanization accelerators market has been categorized on the basis of product and application, along with regions.

  • Based on product, primary accelerators – thiazoles and sulfonamides, are projected to remain prominent product choices in the upcoming years, and are expected to hold a significant share in the global vulcanization accelerators market throughout the forecast period.
  • Although adoption in automotive industry continues to account for relatively high sales, growing application in industrial sector is likely to result in increased market share. Growing tire production and replacement activities as well as automotive industry growth are estimated to augment the vulcanization accelerators market growth.

Vulcanization Accelerators Market By Category

By Product Type:

  • Thiozoles
  • Sulfanamides
  • Dithiocarbamates
  • Thiuram
  • Others

By Application:

  • Automotive
  • Industrial
  • Medical
  • Consumer Goods

East Asia to Represent Significant Opportunities for Manufacturers

Japan and China are few of the leading tire manufacturing countries. China is assessed to be a prominent tire producer. Presence of companies such as Yokohama Rubber Company and Bridgestone Corporation, makes Japan a substantial tire manufacturing country.

In addition, China’s auto industry has witnessed significant growth in the recent years, leading to subsequent increase in the tire production. However, fluctuating raw material prices due to trade wars and oversupply of materials are affecting local manufacturers.

Besides, imposition of stringent regulations on tire exports from European countries and the U.S is expected to create further problems for tire manufacturers. However, East Asia is estimated to be a prominent market for vulcanization accelerators, due to increasing sales of passenger and commercial vehicles and rising demand for replacement tires.

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Increasing population, improved standards of living, and increasing electric vehicle production will upsurge the demand for tires in East Asia, which will positively influence the growth of the vulcanization accelerators market. Further, increased emphasis on high quality medical and industrial rubber products is expected to propel the demand for vulcanization accelerators in the region.

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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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Riboflavin Pigment Market Extensive Report on Statistical Analysis, Relevance & Impact with Summary of Key Findings-2032

Future Market Insights (FMI) estimates the global riboflavin pigment market will reach a valuation of nearly US$ 360.9 Mn by 2022, at a CAGR of 5.9% between 2022-2032. Riboflavin, often known as vitamin B2, is a yellow-colored vitamin that is present in foods and supplied as a nutritional supplement. It is crucial in the synthesis of two coenzymes in the body that are involved in cellular respiration, energy metabolism, and antibody production, as well as normal growth and development.

Other common uses of riboflavin also include coloring ice creams, bakeries, confectionery, and beverages. Riboflavin is also used for coloring meats and milk items. When there is riboflavin deficiency in the body, homocysteine levels increase, elevating the risk of cardiovascular diseases. Hence, riboflavin pigment is an essential enzyme, along with being a natural food colorant.

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Big food manufacturing companies are moving their focus on adding powdered riboflavin to their final product to promote the overall health profile of food products in an attempt to cope with the changing consumer preferences.

An increase in the consumption of different natural end-use products, rising investments to set up food and beverage manufacturing and sales facilities, and growing demand for natural riboflavin pigments are driving the demand in the riboflavin food colors market.

Key Takeaways from Market Report

  • The North America riboflavin pigment market is anticipated to grow at a rate of 6.3% in the region.
  • Europe riboflavin pigment market is currently pegged at 190 metric tons by volume and US$ 2151 Mn.
  • In Europe, Germany accounted for a revenue of US$ 24.2 Mn in 2021, followed by France with US$ 2.6 Mn for riboflavin pigments.
  • By application, the beverages industry consumed over 207 metric tons of riboflavin pigments in 2021 and was valued at US$ 115.2 Mn.

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“Riboflavin food color producers are eyeing the health and nutrition markets such as dietary supplements industry to capitalize on rising consumption of dietary natural food supplements. They are also forming alliances with end users in food & beverage industry to increase their revenue,” says a Future Market Insights analyst.

Competitive Landscape

Leading Riboflavin Pigment market firms are BASF SE, Advanced Technology and Industrial Co. Ltd., Parchem fine and Speciality Chemicals, Sensient, Kanegrade Ltd., Merck & Co. Inc., Chr. Hansen Holding A/S, Kalsec Inc, Sensient Technology Corporation, DESANO, NB Group, Hubei Guangji Pharmaceutical, Ningxia Qiyuan Pharma, Hebei Shengxue Dacheng, Xinfa Ltd. among others. Emphasis is given on the merger, expansion, acquisition, and partnership with regional companies as well as continuous R&D to advance the production of riboflavin.

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About Food & Beverage Division at Future Market Insights

The Food & Beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.

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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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Perfluoropolyether (PFPE) Market to Hit & Reach US$ 1,018.2 Million by 2022-2029 | Future Market Insights

A new research by Future Market Insights on the perfluoropolyether (PFPE) market includes global industry analysis 2014-2021 and opportunity assessment 2022-2029. The global perfluoropolyether market is estimated to reach ~ US$ 758.8 Mn in 2022, and increase at a CAGR of ~ 4.3% during the forecast period of 2022-2029.

The report explores the perfluoropolyether market and provides the reader with analytical insights for the forecast period of 2022-2029. As per the findings of the report, the global perfluoropolyether market is projected to experience a steady growth over the forecast period, due to multiple driving factors including increasing aerospace, automotive and electronic manufacturing activities across geographies.

This progress in the market is majorly propelled by the growing consumption of perfluoropolyether as lubricants for automotive, chemical and aerospace applications such as wheel bearing and vacuum pump, and for high temperature procedures.

Sensing an increase in new aircraft deployment, especially in developing countries in Asia Pacific, manufacturers are tapping into newer opportunities in the region. Increasing demand for highly efficient lubricants in chemical and automotive industries is further likely to work to the advantage of perfluoropolyether market players.

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Europe and North America Lead Gains, South Asia to Offer Greater Opportunities

Although the regions such a Europe and North America are anticipated to hold significant market shares, the South Asia market is expected to project a steady growth in the global perfluoropolyether market over the forecast period of 2022-2029.

Moreover, macroeconomic factors such as increment in GDP, air transportation as well as production, expanding chemical industry and significant growth of the manufacturing sector, are expected to reflect significant increase in opportunities for perfluoropolyether market players in South Asia.

Perfluoropolyether Used Extensively in Aerospace and Automotive Applications

The perfluoropolyether market is categorized into four different segments such as form, application of perfluoropolyether, products, and regions.

  • By form, the PFPE Oil is expected to hold a higher value as well as volume share against PFPE grease.
  • By product, the linear perfluoropolyether is projected to attain a significant value shares in the perfluoropolyether market. Linear perfluoropolyethers are widely used as lubricants for the superior chemical properties and multiple applications.
  • In terms of application, aerospace and automotive sectors will continue to account for relatively high market share. Increasing preference towards non-toxic lubricants from the end users is expected to drive the market. Increasing automotive production is expected to increase the demand for PFPE lubricants. PFPE is also used in other applications such as chemical and electronics, and is recently being used for textile as well as leather applications.

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Perfluoropolyether Market: Players Insights

The perfluoropolyether market report focuses on a number of stakeholders, some of these players have come out as the market leaders. Few examples of such manufacturers in the perfluoropolyether market are as follows; The Chemours Company FC, LLC, Klüber Lubrication München SE & Co. KG, Solvay S.A., TOTAL S.A., M&I Materials Ltd, HUSKEY Specialty Lubricants, Daikin Industries Ltd., and NYE Lubricants Inc. and FluoroTech USA among various others.

The global perfluoropolyether market is highly fragmented, with multiple tier 2 and tier 3 players. Key players provide perfluoropolyether under their trademarked names such as Fomblin® Series, HUSKEY® PF Series, Vertrel™ XF specialty fluid, Vertrel™ MCA Plus specialty fluid®, and DEMNUM®, among others.

Perfluoropolyether Market By Category

By Form:

  • PFPE – Greases
  • PFPE – Oil

By Product Type:

  • Linear
  • Branched

By Application:

  • Automotive
  • Aerospace
  • Chemical
  • Electronics
  • Others

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What was the Impact of COVID-19 Crisis on Global Market of Perfluoropolyether?

With the outbreak of SARS-COV-2 virus all over the globe in the initial quarter of 2020 has resulted in the decrease in the production of automotive, aircrafts and other. Reduce in the movement of the vehicles and aircrafts has impacted the sales of perfluoropolyether significantly in these application segments.

Further shutdown of the manufacturing industries due to social distancing and lockdowns has also impacted the consumption of the lubricants and oil all over the world. However, economic recovery from the second half of the year 2020 and opening of the manufacturing sectors had boosted the consumption resulting in the recovery of the demand.

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Herbal Tea Market Extensive Study on Sales Channel with Strategy Overview and Opportunity Map Analysis -2032-FMI

The worldwide herbal tea market is estimated to be esteemed at US$ 3,700 Million of every 2022. During the conjecture time frame going from 2022-2032, deals of herbal tea are supposed to develop at a CAGR of 7.1%, to be esteemed at US$ 7,339.9 Million. With the developing wellbeing and health pattern, the worldwide tea market, especially for herbal teas, is developing quickly.

It has been seen that the ascent of the wellbeing business, as an immediate outcome of the fat-consuming properties of herbal teas, has incredibly added to the development of this market. During the verifiable period 2016-2021, herbal tea request developed at a 5.5% worth CAGR.

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Herbal tea can be consumed with sugar or honey, with or without fruit juices for health-conscious people and diabetic people. Drinking herbal tea cuts down caffeine intake and helps in reducing sugar level. There are various types of herbal teas like ginger, ginkgo biloba, ginseng, hibiscus, jasmine, rosehip, mint, chamomile, etc.

Herbal Tea Market Segmentation:

Herbal tea market is segmented on the basis of raw material type, flavor type, packaging type, product type and region. On the basis of raw material type herbal tea market is segmented as black tea, green tea and yellow tea. Out of these segments black herbal tea market share is less as compared to green herbal tea which is recognized as nutritious and healthier to the young generation especially.

Green herbal tea provides wider spectrum of varieties and new product developments in relation to black herbal tea. On the basis of product type herbal tea is segmented as instant premixes, liquid and powdered RTD and syrups. From these given segments powdered instant premixes are being widely used as it is easy to carry anywhere and is favorable in every season. Liquid herbal tea is consumed on a large scale as a refreshing drinks which contributes a rapid growth in herbal tea market. The syrup includes sugar and herbal tea extracts which is mostly used by the young generation benefiting to increase the market share of herbal tea market.

Herbal tea market is segmented as flavor types like lemongrass, peppermint, fruit, hibiscus, ginger and chamomile. Lemongrass herbal tea is mostly consumed worldwide. Peppermint herbal tea relieves muscle spasms and is used widely. Herbal tea made from chamomile flowers can be helpful in insomnia. Herbal tea is also segmented on the basis of packaging like can packaging, carton packs, herbal tea bags, herbal tea paper pouches and loose tea, which covers herbal tea market share and is expected to expand widely in the forthcoming years.

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Herbal Tea Market: Regional Outlook

The herbal tea market is segmented on the basis of regions like North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan and Middle East and Africa. Japan, Eastern Europe and North America are in increasing demand for herbal tea, which is the potential market and established markets for herbal tea due to its anti-aging properties.

New herbal tea brands are appearing weekly with the increasing demands for processed foods and ready to drink beverages on a large scale and is expected to scroll robust CAGR in forthcoming years.

Herbal Tea Market: Drivers

Increased population, disposable income, growing health awareness of the consumers and the ongoing wellness trends are some of the driving factors influencing to enlarge the herbal tea market in the anticipated years. Lipton Herbal Tea is mostly used for the treatment of liver problems by supporting it in the release of toxins from the body. In many cases the frontier between enjoyment and medicinal purposes have shifted to obscure. These trends in turn initiated opportunities for the herbal tea extract producers to contribute the functional food and neutraceutical market sectors with new ingredients.

Herbal Tea Market: Key Players

The key players operating in herbal tea market consists of AB Food and Beverages, Tata Global Beverages, Martin Bauer Group, Nestea, Unilever, Buddha’s Herbs, Green Earth Products Pvt Ltd, Mothers Parkers Tea and Coffee Inc., Global Herbitech, Rooibos and Typhoo India.

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Regional analysis for Herbal Tea Market includes

  • North America
    • US & Canada
  • Latin America
    • Brazil, Argentina & Others
  • Western Europe
    • EU5
    • Nordics
    • Benelux
  • Eastern Europe
  • Asia Pacific
    • Australia and New Zealand (ANZ)
    • Greater China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan
  • Middle East and Africa
    • GCC Countries
    • Other Middle East
    • North Africa
    • South Africa
    • Other Africa

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.

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

About FMI

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

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Fermented Protein Market Sales of Fermented Protein is Hitting the Roof with Key Organizations: Sotru, Amazonia Pty Ltd, Plant Fusion till 2032

The fermented protein market is gauged to be valued at $987.7 million out of 2022. This market has colossal development potential and is supposed to be worth US$ 2026.23 million by 2032. The market is supposed to develop at a CAGR of 7.5% from 2022 to 2032, up from 6.1% beforehand (2017-2021).

Fermented Protein is widely consumed for animal feed North America and Europe are the largest Fermented Protein consumer for animal feed with over 37.6% and 30.8% market share respectively for both the region. These fermented proteins in the animal feed help animals to absorb more absorb as the feed is pre-digested and increases the digestibility of phosphate and nitrogen compound. Fermented Protein for human consumption is also gaining great attention owing to a great source of vegan protein.

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Trends and Market Dynamics: Fermented Protein

Fermented protein has a longer shelf life making it an eye-catching product for consumers. Fermented protein is an impeccable product to be on-the-go health food. As it has a longer shelf life it reduces the wastage in packaging and wastage of the product.

With increasing awareness of fermented food among the consumer, rapid growth in demand for fermented protein is observed in recent times. This will certainly make the market grow twofold in the forecasted period. Regionally, the growth in demand has started to appear in North America and will increase with time.

Fermented Protein is also gaining traction because it is vegan in nature, and the vegan population is increasing rapidly. With booming vegetarianism and a flexitarian population, demand for fermented protein is expected to grow. Counties like Nigeria and Pakistan have recently witnessed the biggest jump in the population of vegetarians, hence these regions are expected to be the prime regions for the development of Fermented Protein Market.

Besides, this fermented protein is also gaining demand because of increasing meat and dairy need globally. Asia-Pacific is the highest meat producer in the world, with over 141.7 million metric tons, followed by America with over 104 million metric tons. These regions will gain an increased rate of demand for fermented protein for animal feed in the forecasted period.

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Key Players of Fermented Protein Market

Leading players in the global fermented protein market includes

  • Genuine Health
  • Body Ecology, Inc
  • Jarrow Formulas
  • Sotru
  • Amazonia Pty Ltd
  • Sun Brothers
  • LLC
  • PlantFusion
  •  Whole Earth Sea
  • FIT-BioCeuticals Ltd are some of the key players of Global Fermented Protein Market.

Innovations and Opportunities in Fermented Protein Market

Manufacturers have identified growing awareness and an increasing number of vegan, vegetarian, and flexitarian population as an opportunity to make the market grow. Responding to this increasing demand and growing trend, manufacturers are now innovating in different types of fermented protein product for the population.

For animal feed, producers are focusing on the quality of the feed. They are investing more into Research and Development for developing feed product that has even distribution of essential nutrients needed by the animals. For animal feed, Asia-Pacific and America are the potential markets where high opportunities are spotted by the manufacturers.

Manufacturers are innovating for producing various flavors and packaging with the objective to attract a population of all the ages. Flavors like brownie, banana, coconut, almond, mango, and other exotic flavors are being introduced in the market. Packaging attracts around 70% of the consumers based on the impression it leaves and becomes the key for consumers to differentiate among the products.

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The Fermented Protein market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analysing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the Fermented Protein market report projects the attractiveness of each major segment over the forecast period.

Fermented Protein: Market Segmentation

Type :

  • GMO-free
  • Gluten-free
  • Soy-free
  • Vegan
  • Flavors

Application:

  • Food & beverage
  • Feed
  • Pharmaceuticals
  • Others

Distribution Channel :

  • B2B
  • B2C
    • Online Stores
    • Retail Stores
      • Convenience Stores
      • Hypermarket/Supermarkets
      • Specialty Stores
    • Others

About FMI

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

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Gravy Mixes Market Outlook with Product Data & Study on Sales throughout the Forecast Period-2032

The worldwide gravy mixes market is gauge to be esteemed at US$ 16,933.5 Million of every 2022. During the estimate time frame going from 2022-2032, deals of Gravy Mixes are supposed to develop at a CAGR of 6.9%, to be esteemed at US$ 33,000.7 Million.

Gravy mixes are highly preferred as ideal flavor enhancers. Manufacturers of gravy mixes offers a wide range of pack sizes ranging from single serving to family packs. Furthermore, gravy mixes consumes less time in preparation and therefore, the preference for gravy mixes is expected to grow during the forecast period as the demand for easy-to-cook products increases.

Gravy mixes are preferred by many households for family gatherings and weekend dinners, as a perfect solution to eliminate the need to stand in the kitchen for long hours. The outlook for the growth of the global gravy mixes market is expected to remain largely positive during the next ten years.

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Global gravy mixes market: Market Dynamics

The global gravy mixes market is expected to grow on the backdrop of growing demand for semi-processed and easy-to-prepare food products with a healthy balance of fresh herbs and spices. Gravy mixes are ideal for family gatherings, and therefore, are a staple in many western countries.

In addition, growing penetration of retail and easy access to departmental stores in developing countries is expected to lead to the growth in sales of gravy mixes. Despite the positive outlook, one of the key factors that might possibly act as a restraint to the growth of the global gravy mixes market is that a significant population of consumers in developing countries prefer traditional spice mixes for their recipes.

Global gravy mixes market: Regional Outlook

The global gravy mixes market has been divided into seven key regions – North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Middle East & Africa (MEA), and Japan.  The North America gravy mixes market is anticipated to retain the leading position over the forecast period.

This is attributed to the well-established retail sector in the region. The Western Europe gravy mixes market is expected to follow closely. The APEJ region might witness growth in sales of gravy mixes during the next ten years. However, penetration is expected to be low due to prevalence of traditional recipes and spices for cooking. The key contributor to the growth of the gravy mixes market in the MEA region is expected to be the migrating population from foreign countries in the region.

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Global gravy mixes market: Key Players

Few of the key players operating in the global gravy mixes market are – Southeastern Mills, Inc., McCormick & Company, Inc., Campbell Company of Canada, Edward & Sons., and Kent Precision Foods Group, Inc.

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

The report covers exhaust analysis on:

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

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

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Global gravy mixes market: Segmentation

The global gravy mixes market has been segmented on the basis of product origin, type, packaging type, distribution channel, and end use.

On the basis of origin, the global gravy mixes market has been segmented as –

  • Organic
  • Conventional

On the basis of product type, the global gravy mixes market has been segmented as –

  • Vegan
  • Brown
  • Mushroom
  • Others
  • Non-vegan
  • Beef
  • Poultry
  • Pork
  • Others

On the basis of packaging type, the global gravy mixes market has been segmented as –

  • Rigid Packaging
  • Food cans
  • Jars
  • Flexible Packaging
  • Pouches
  • Sachets

On the basis of distribution channel, the global gravy mixes market has been segmented as –

  • Modern Grocery Retail
  • Hypermarket/Supermarkets
  • Departmental Stores
  • Convenience Stores
  • Traditional Grocery Retail
  • Specialty stores
  • Independent grocery stores
  • E-retail

On the basis of end use, the global gravy mixes market has been segmented as –

  • Households
  • Commercial establishments

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

About FMI

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

Contact Us:
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
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For Sales Queries: sales@futuremarketinsights.com
Browse All Report: https://www.futuremarketinsights.com/reports
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