Polyurethane Foam Market to Achieve A Impressive CAGR During Forecast Period -2026

Polyurethane is a type of polymer or plastic which belongs to the wide range and highly diversified family of polymers. The polyurethane foam is defined as solid or open structured form of polyurethane. The polyurethane foam is mostly available in the flexible or rigid form.

The property of polyurethane to solve challenging problems and mold into unusual shapes enhances the application of polyurethane. The polyurethane foam protects the products by providing excellent dielectric and adhesive properties.

The polyurethane foam is resistant to abrasion, temperature, water, impact and weather. This elongates the life of products made from polyurethane foam, thereby leading to the significant growth of the polyurethane foam market over the forecast period.

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Polyurethane Foam Market – Drivers and Restraints

The global polyurethane foam market is projected to grow at a significant CAGR over the forecast period as the demand of polyurethane foam is increasing rapidly from the end use markets. The polyurethane foam is more reasonable and safe mode of reducing carbon emission and global warming effects.

This is the leading factor which drives the growth of the global polyurethane foam market. The demand of polyurethane foam is increasing significantly owing to reduced wastage, elevated recyclability and enhanced lifecycle of the end product. Moreover, the increasing industrialization results in the increasing use of polyurethane foam in construction, packaging, furniture and footwear, thereby driving the global market

However, increasing concern of various governments and federal agencies about the harmful health effects of isocyanates used in polyurethane foam production may hamper the use of polyurethane foam and the restrain the growth of the global polyurethane foam market.

Polyurethane Foam Market – Region Wise Outlook

The global polyurethane foam market is segmented into the seven regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA).

The North America has  contributed a significant market share to the global polyurethane foam market followed by APEJ. The growth in APEJ is attributed to the high demand of the polyurethane foam in  manufacturing and processing units of the industries such as  construction, furniture, and bedding industry.

Western Europe region  also registers the descent growth to the global polyurethane foam market due to the various end use applications. Japan and Eastern Europe  contribute descent growth to the global polyurethane foam market.

The MEA and Latin America are at a nascent stage and are expected to show a moderate growth during the  forecast period. Overall, the global polyurethane foam market is expected to register a significant growth rate over the forecast period 2016 to 2026.

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Polyurethane Foam Market – Key Players

Some of the key players in the polyurethane foam market are as follows:

  • The Dow Chemical Company
  • BASF SE
  • Bayer AG
  • Rogers Corporation
  • UFP Technologies, Inc.
  • Tosoh Corporation
  • Armacell GmbH
  • Foamcraft, Inc.
  • FoamPartner Group
  • Future Foam, Inc.
  • Nitto Denko Corporation

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 geography, technology and applications.

Polyurethane Foam Market – Segmentation

The global Polyurethane foam market has been segmented on the basis of category, types, and application.

On the basis of category, the global polyurethane foam is segmented into:

  • Open cell
  • Closed cell

On the basis of type, the global polyurethane foam is segmented into:

  • Rigid polyurethane foam
  • Flexible polyurethane foam

On the basis of application, the global polyurethane foam is segmented into:

  • Furniture and bedding
  • Construction
  • Electronics
  • Packaging
  • Footwear
  • Automotive
  • others 

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Roofing Chemicals Global Industry Overview and Competitive Landscape till 2026

Roofing chemicals refer to a variegated range of chemicals which are used to enhance the performance of roof coatings. These chemicals imparts high reflectivity properties to rooftops thus enabling the maintenance of lower temperatures in the house.

This in turn helps significantly in reducing the energy consumption required to keep the temperature low, and thus, helps in reducing carbon emissions. The advent of cool roof technology companies which includes roof designing, coating and chemicals, has led roofing chemicals to gain increasing awareness over last few years.

Most companies in the roofing chemicals industry are relying on increased product innovations and are introducing products which not only offers high solar reflectance index, but also adds significantly to the life of roof, and caters high elasticity, reliable adhesion and dirt resistance. The global roofing chemicals market is anticipated to expand with a moderate CAGR over the forecast period of 2016-2026.

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Global Roofing Chemicals Market: Drivers and Restraints

The prime factor driving demand for roofing chemicals is the need for sustainable living standards, which incorporates reduction of carbon footprint of houses, as roofing chemicals helps primarily to reduce in-house temperatures, thus requiring less energy to cool the house, in turn reducing carbon emissions.

Moreover, the need to increase longevity of the construction is further fuelling the demand for roofing chemicals, as they inherently helps in overheating and thus extends roof life. This coupled with a rapid increase in construction activity across all developing nations, particularly, in Asia are together translating into rising demand for roofing chemicals.

Along with, increasing awareness about the benefits of roofing chemical is another integral factor imparting growth numbers to the global roofing chemicals market. Increase in the presence of bituminous roofing due to its more durability and usage in warehouses and factories is also driving more demand for asphalt bituminous roofing chemicals.

Moreover, added features of asphalt roofing such as protection against fire, wind and hail is also adding more demand for asphalt based roofing chemicals. However, even now installing a rooftop featured with roofing coating and chemicals to protect from high temperature comes costly, and is the major restraint, restricting the growth in global roofing chemicals market.

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Global Roofing Chemicals Market: Region Wise Outlook

The global roofing Chemicals market is segmented into the seven key regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA).

North America is the leading market considering demand for roofing chemicals, amid stringent regulations regarding energy conversation in the US and Canada. Moreover, rising construction activities in Asia Pacific, particularly in China and India, is letting the APEJ region to expand the fastest in terms of demand for roofing chemicals.

Due to high inclination of most European governments towards low energy consumption per capita, ha led demand for roofing chemicals in Western Europe to scale high.

Global Roofing Chemicals Market: Key Players

  • The Dow Chemical Company
  • Sika AG
  • GAF Materials Corporation
  • Akzo Nobel N.V
  • Excel Coatings
  • BASF SE
  • Saint-Gobain S.A
  • 3M Company

Global Roofing Chemicals Market: Segmentation

On the basis of Product type,

  • Acrylic
  • Asphalt
  • Elastomer
  • Epoxy Resin
  • Styrene
  • Others

On the basis of application area,

  • Membrane
  • Bituminous
  • Elastomeric
  • Metal
  • Plastic

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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 geography, technology and applications.

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SiC Fibres Market is Expected to Generate Huge Profits by 2026

SiC fiber is primarily composed of SiC crystallites and anamorphous blend of carbon, silicon and oxygen. SiC fiber excellent mechanical properties such high strength, modulus and chemical properties such as resistance to chemical attack and oxidation.

Its high strength properties makes SiC an exceptional material for reinforcing composites such as polymer, ceramic, titanium and metal. Ceramic matrix composites widely uses SiC as reinforcing fibres for high temperature applications such as the components required gas turbine engines handling up to 2700°F.

The SiC are available in continuous fiber type also called as tow and whiskers which are called short fibres. Also, available in various SiC grades which differ in electrical properties, surface treated SiC grades are also widely used depending on the required properties to be adopted in the final product.

Poly-vinyl acetate, poly-vinyl alcohol, epoxy are used in surface treatment of SiC fiber. The global SiC fiber market is expected to grow significantly at a higher rate with the increasing adoption of SiC fibres in the various composites used in aerospace, nuclear, chemical manufacturing and other applications.

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Global SiC Fiber Market: Drivers and Restraints

The exceptional SiC fiber properties such as high tensile strength, toughness, high stiffness, high temperature resistance, resistance under chemical attacks makes SiC the material ideal for industrial uses.   The global SiC fiber market is primarily driven by the increasing composite matrix manufacturers. The growth in the prepreg industries fuels the global SiC fiber market since they are widely used in ceramic composites.

Global SiC Fiber Market: Region Wise Outlook

The global SiC fiber market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA). In terms of value Europe and North America holds majority of the share in global SiC fiber market and are anticipated to record stable growth during the forecast period.

Next in line is APEJ, especially China, Taiwan, South Korea and India, to account for major share in Asian region. The SiC fiber market is expected to grow in Japan, Latin America followed by MEA in terms of consumption. Overall the global market for SiC fiber is projected to record significantly higher growth during the forecast period.

Global SiC Fiber Market: Key Players

  • Some of the key players identified in the global SiC fiber market includes:
  • SPECIALTY MATERIALS, INC.
  • UBE Industries Ltd
  • NGS Advanced Fibers Co., Ltd.
  • Saint-Gobain
  • COI Ceramics, Incorporated
  • Volzhsky Abrasive Works
  • SGL Group – The Carbon Company
  • Washington Mills

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 geography, technology and applications.

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Global SiC Fiber Market: Segmentation

On the basis of fiber type, SiC fiber market is segmented into:-

  • Continuous fiber
  • Whiskers

On the basis of commercial availability of product form, SiC fiber market is segmented into:-

  • Tow form
  • Woven form

On the basis of matrix composite type, SiC fiber market is segmented into:-

  • Polymer Matrix Composite (PMC)
  • Ceramic Matrix Composite (CMC)
  • Metal Matric Composite (MMC)

On the basis of application, SiC fiber market is segmented into:-

  • Power Generation
  • Nuclear
  • Aerospace
  • Defense
  • Others

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Environmental Catalysts Market- Global Revenue Growth Expectations in the Near Future

Environmental catalysts are a class of catalysts that is primarily used in order to reduce the level of pollutants and harmful emissions associated with energy and other process based manufacturing industries. Besides their use in industrial applications, these environmental catalysts are also used to reduce automotive emissions.

As such, these catalysts commonly find application in power plants, gas and diesel engines, steam crackers, calcination plants, cement production, FCC units in refineries, waste incineration plants, gas turbines, railroad engines, steel mills, and chemical plants among others.

Environmental catalysts provide an efficacious and efficient solution for restriction of emission of nitrogen oxides, hydrocarbons and carbon monoxide among others in to the atmosphere.

Environmental catalysts are most commonly used in selective catalytic reduction, dieses oxidation catalysts, three way catalytic convertors among others in order to reduce the levels of volatile organic compounds emissions, ammonia emissions, and nitrous oxide emissions. Demand for environmental catalysts is expected to witness a steady growth during forecast period.

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Global Environmental Catalysts Market: Dynamics

Consumption of environmental catalysts has witnessed a steady growth in the recent past. The growth of environmental catalysts market can be attributed to increasing efforts towards developing more efficient, cleaner and safer industrial processes in order to adhere to ever stringent regulations and norms instituted by authorities and regulatory bodies, especially in regions such as North America and Europe.

The demand for environmental catalysts, in order to tackle both, stationary source emissions and mobile source emissions is expected to witness a steady growth over forecast period.  Moreover, growing emphasis on reducing the level of pollutants emanating from automobiles is expected to in turn result in increasing use of environmental catalysts thus driving the growth of environmental catalysts market during forecast period.

Also, increasing demand for environmental catalysts for municipal and industrial waste remediation is expected to gain momentum especially in developing regions of the globe during the forecast period.

Global Environmental Catalysts Market: Regional Outlook

Depending on the geographies of the globe, global environmental catalysts market is segmented in to seven key geographical segments namely North America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, Latin America, and Middle East & Africa.

North America and Europe, relatively mature markets, dominated global environmental catalysts market over the recent past. Whereas, consumption of these environmental catalysts is expected to witness faster growth in Asia Pacific region spearheaded by China.

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Global Environmental Catalyst Market: Key Players

Some of the players that operate in global environmental catalysts market are BASF SE, Johnson Matthey, CRI Catalyst Company, Axens Group, Environmental Catalyst Technology, Treibacher Industrie AG, Applied Catalysts, and EmeraChem etc.

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.

Global Environmental Catalysts Market: Segmentation

The global environmental catalysts market is segmented on the basis of the application of catalysts, and end-use segments.

On the basis of the application that these catalysts are used for, global environmental catalysts market is classified into

  • VOC oxidation catalysts
  • CO oxidation catalysts
  • Selective catalytic reduction catalysts
  • Others

On the basis of end-use segments, the global environmental catalysts market is segmented into

  • Mobile source emission control – heavy duty vehicles, light duty vehicles, motorcycles, construction equipment among others
  • Stationary source emission control that comprises industrial applications including those in power generation, refineries, municipal waste remediation etc.

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

About Future Market Insights (FMI)

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

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Marine Sealants Market – This is How Leading Companies Are Dominating the Global Market

Sealants are defined as those materials that are applied to two or more substrates so as to fill the space between them, thereby restricting the passage of fluids. Sealants are often used in order to help resist relative movement of the substrates that compose the assembly.

Ship building industry comprising commercial ship building, cruise ships & ferry boats building and yachts industry are among the prominent consumers of sealants.

Marine sealants serve diverse set of functions ranging from waterproofing, vibration damping to insulation. Here, sealants find a variety of applications both above the water line and below the water line, and are used for sealing hull or deck joints, fittings and trims among others.

Some of the prominently used marine sealants are polyurethane, silicone and polysulfide based sealants. Depending on the intended application area, one or more types of sealants are used.

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Global Marine Sealants Market Dynamics

Steady growth in shipbuilding industry owing to increasing sea trade is expected to primarily drive growth of marine sealants market during forecast period. Besides, increasing demand for yachts and leisure boats owing to increasing aspirations of affluent populace across the globe is another factor that is expected to positively impact global marine sealants market during forecast period.

However, economic down turn and uncertainties especially in key markets across the globe are likely to impact the global trade and shipbuilding order book and completions therein, thus, acting as an impediment to the growth of global marine sealants market during initial phase of forecast period.

Moreover, cyclic nature of the ship building industry is another factor that affects dynamics of global marine sealants market.  Increasing emphasis on launch of application specific product offerings is expected to be witnessed during the forecast period in global marine sealants market.

Global Marine Sealants Market: Regional Outlook

Depending on the geographical regions, global marine sealants market has been segmented in to key market segments namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East & Africa. Among the mentioned geographical segments, Asia Pacific region is expected to dominate global marine sealants market, registering a steady single digit growth over the forecast period.

Growth of shipbuilding industry is expected in turn drive demand for marine sealants during forecast period. Western Europe accounts for a significant share in overall global yacht building industry, as such, increasing demand for yachts during forecast period is expected to in turn drive growth of marine sealants market in the region.

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Global Marine Sealants Market Players

Some of the key players operating in global marine sealants market include:

  • Dow Corning Corporation
  • Henkel AG & Company, KGaA
  • The 3M Company
  • Bostik S.A.
  • Sika AG
  • SABA
  • Adshead Ratcliffe & Co Ltd.

Global Marine Sealants Market Segmentation

Depending on the material type, global marine sealants market has been segmented in to following key segments:

  • Polysulfide
  • Butyl
  • Silicone
  • Polyurethane
  • Others

On the other hand, depending on the applications, global marine sealants market has been segmented in to following major market segments:

  • Above Water-Line
  • Below Water-Line
  • Others

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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, material types and applications.

About Future Market Insights (FMI)

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

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Sales in Indoor Farming Market Are Projected to Increase at A Healthy CAGR of 9.6% Over The Forecast Period

The global indoor farming market size are anticipated to grow by 9.6% CAGR to US$ 96.6 Bn in 2032. To address the rising demand for organic food, the agriculture sector is implementing innovative practises.

Growing in popularity, vertical farming will become a significant farming technique in the years to come. Vertical farms are employing artificial light management, humidity control, and gas control inside the facility thanks to the development of new technology. Vertical farming increases automation while reducing costs and pollution.

Some of the main elements influencing the development of vertical farming are the high yield associated with it compared to conventional farming, the year-round production of crops regardless of the weather, advances in light-emitting diode (LED) technology, and the need for little resources.

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“Indoor farming is growing as a result of rising urbanisation, rising food quality demands, and autonomous agricultural methods. A key analyst at FMI adds that the loss of groundwater and shifting climatic circumstances are also pushing traditional producers to use alternative farming techniques.
Key Takeaways:

  • Sales in the greenhouse facility market are anticipated to grow at a 4.8% CAGR through 2032, depending on the capacity type.
  • Over the course of the projection period, the hydroponics market will grow at a 6.1% CAGR.
  • Sales in the hardware category will increase at a 7.4% CAGR through 2032, depending on the component type.
  • Over the course of the evaluation period, the category for fruits and vegetables will expand at a 6.5% CAGR.
  • Over the course of the forecast period, sales in the U.S. indoor farming market are expected to grow at a 5.5% CAGR.
  • Sales in India will expand at a 6.6% CAGR through 2032, making it an attractive market.
  • With a market share of 13.9%, Germany will command the indoor farming market in Europe.

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Competition Landscape

Argus Control Systems Ltd., Certhon, AeroFarms, Bright Farms Inc., Richel Group, Bowery Inc., FreshBox Farms, Metropolis Farms Inc., General Hydroponics, Hydrodynamics International, Illumitex, Lumigrow, Vertical Farm Systems, Priva, and Netafim among others are some of the players profiled by FMI.

Leading players operating in the indoor farming are investing in promotional strategies, advertisements, and new product launches to gain a competitive edge in the market. Some recent developments include:

  • In 2021, BrightFarms opened its latest indoor farm in Hendersonville, North Carolina.

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Future Market Insights, in its new offering, provides an unbiased analysis of the global indoor farming market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

The study divulges compelling insights on the indoor farming market based on the facility type (greenhouses, indoor vertical farms, container farms, indoor deep water culture systems, and other facility types), growing system (aeroponics, hydroponics, aquaponics, soil-based and hybrid), component type (hardware and software), crop type (fruits and vegetables, herbs and microgreens, flowers and ornamentals and other crop types) across seven major regions.

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Global Indoor Farming Market by Category

Facility Type:

  • Greenhouses
  • Indoor Vertical Farms
  • Container Farms
  • Indoor Deep Water Culture Systems
  • Other Facility Types

Growing System:

  • Aeroponics
  • Hydroponics
  • Aquaponics
  • Soil-based
  • Hybrid

Component Type:

  • Hardware
  • Software

Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

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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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Water Intake Screens Market: Worldwide Industry Analysis and New Market Opportunities Explored By 2028 End | FMI

Growing population coupled with rapid urbanization and industrializations is going to create significant demand for water intake screens in the future. Water is a basic need and is required by many industries for different applications. Therefore, it must be clean and free from any type of debris so that it can be used according to need. This is only possible with the help of water intake screens.

Water intake screens are special screens used by many industries and municipals for the intake of clean and debris free water for further use. These screens are installed at the intake source and are designed to facilitate the intake of water from both stationary and mobile water bodies. Water intake screens are available in different sizes and materials in the market and can be used for heavy intake works as well as in harsh environmental conditions.

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Global Water Intake Screens Market: Regional Outlook

Asia Pacific is projected to be the most prominent market for water intake screens. This can mainly be attributed to the rapid industrialization across the region, mainly in India and China. These countries are the key growth contributors to the water intake screens market in the region. Moreover, increasing water pollution across the region is also going to have a significant impact on the overall demand for water intake screens in this region. North America and Western Europe are also projected to hold a noteworthy share, in terms of demand for water intake screens, in future.

The report covers exhaust analysis on:

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

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern 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.

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Global Water Intake Screens Market: Market Participants

Some of the manufacturers involved in the manufacturing of water intake screens are:

  • Hendrick Screen Company
  • Evoqua Water Technologies LLC
  • Delta Screen & Filtration, LLC
  • Intake Screens, Inc. (ISI)
  • NAGAOKA INTERNATIONAL CORPORATION
  • Atlas Manufacturing Company, Inc.
  • ELIQUO WATER GROUP
  • Concord Screen
  • Screening Systems International Inc.
  • FEDERAL SCREEN PRODUCTS INC.
  • Ovivo
  • Wedgetech Australia Pty Ltd

Report Highlights:

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

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

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Fishing Reels Market to Achieve Its Pre-Pandemic Status Over the Forecast Period, Growing at A 4.9% CAGR

The demand in the fishing reels market size grew by year-on-year (YoY) rate of 4.3% in 2021, reaching a market valuation of US$ 5.3 Bn in 2021.

Angler demand and the growing popularity of sport fishing as a recreational activity are expected to boost the worldwide fishing reels market size in the near future. Fishing reel demand will be fueled by the growing popularity of fishing as a sport and, as a result, the growing appeal of fishing equipment.

Improvements in fishing reel technology have helped to propel the market forward. Another factor driving the increase in demand for such fishing reels is the increased demand for modified and customized reels based on the needs of the customer.

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Increase in use of modified fishing reels for freshwater or saltwater fishing will push growth in the market. Besides this, popularity of fishing as a leisure activity is soaring among aged people in North America and Europe, catapulting both regions to the forefront of the market.

Moreover, efforts by regional governments and other communities have helped in the growth of recreational fishing activity. To encourage it, they have introduced various policies and regulations benefitting the fishing enthusiasts.

For instance, the American Sport Fishing Association (ASA) recently held its inaugural online auction to raise funds in support of Keep America Fishing. Keep America Fishing (KAF) is the association’s grassroots advocacy program that provides nation’s 55 million anglers a way to let their voices be heard when fisheries policy and management decisions will impact recreational fishing.

Such efforts by different organizations are likely to support recreational activities such as fishing among all age population and help the market growth in significant manner.

Key Takeaways from the Fishing Reels Market Study

  • Spinning reels are expected to hold the leading revenue share of 48.2% in the market in 2021 aided by their high durability and efficiency in all types of waters.
  • Aluminium reels dominate the market as they can withstand corrosion even in saltwater bodies and are regarded as most durable by fishing enthusiasts.
  • The U.S. holds a share of 76.5% in North America owing to the high penetration of key players in the region.
  • Malaysia is a key market in South Asia, registering growth at above 8% CAGR owing to higher spending on premium products in the country.
  • Europe showcases lucrative opportunities for the fishing reels industry backed by a larger pool of consumer population who are willing to spend on recreational activities.

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“Intensive promotional activities and marketing campaigns by manufacturers on back of greater support for recreational activities from various government and private organizations will drive fishing reels market in the near future,” says an FMI analyst.

Impact of COVID-19 on the Market

The novel coronavirus outbreak had caused economic downturn by disrupting corporate operations in various industries. The retail sector had been considerably hit. Decline in overall discretionary spending also had adverse impact on the retail sector.

Consumers were subjected to maximum restrictions, which causes the year-on-year growth to nose-dive. During the pandemic, there was a drop in productivity due to complete lockdown and resultant chaos in the industrial environment. The sales were bracketed by online retailing.

In light of this, players concentrated their efforts on increasing internet penetration, as this allowed them to reach a larger consumer base more quickly and at a lower cost. Moreover, restrictions on going out hampered the recreational activities across the globe and correspondingly hampered the fishing reels sales.

Who is winning?

Leading manufacturers of fishing reels are focused on differential strategies and advertisements that have driven sales growth globally.

Major players present in the fishing reels market are SHIMANO INC., Daiwa Corporation, Abu Garcia, NingBo HaiBao fishing tackle co., Ltd., OKUMA FISHING TACKLE CO., LTD,  The Orvis Company, Inc., BPS Direct, L.L.C., Tackle World, TICA FISHING TACKLE, BCF Australia, and Pure Fishing, Inc. (Penn) among others.

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Fishing Reels Market by Category

By Product Type:

  • Spinning Reel
  • Baitcasting Reel
  • Spincast Reel
  • Fly Reel
  • Others (Offshore, Conventional, Surf Fishing, etc.)

By Material Type:

  • Stainless Steel
  • Aluminium
  • Graphite
  • Others (Plastic, Rubber, etc.)

By Fishing Type:

  • Freshwater Fishing
  • Saltwater Fishing

By Sales Channel:

  • Direct Sales
  • Hypermarkets/ Supermarkets
  • Specialty Stores
  • Outdoor Sports Store
  • Online Retailers
  • Other Sales Channel (Convenient Stores)

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Metal Stamping Market Analysis and Market Studies for 2022-2032 | Future Market Insights

Global metal stamping demand is expected to exceed US$ 199 billion in 2022, with sales increasing at a 3.6 percent CAGR during the assessment period. The electrical and electronics sector’s ongoing expansion is expected to boost sales, pushing the market size to more than US$ 260 billion by 2032.

The metal stamping industry has been significantly impacted by consumption trends in industries like automotive, telecommunications, and consumer appliances. Additionally, the trend toward using composites and polymers rather than metals to reduce vehicle weight has increased fuel efficiency and is likely to restrain the growth of the metal stamping market.

The consumer electronics and automotive industries’ expanding use of sheet metal is anticipated to fuel the metal stamping market’s expansion. Low raw material prices have been observed to complement the use of lightweight corrosion-resistant metal stamping for improving the stability of electrical and electronic and consumer electronic products. Since the recent past, technologically advanced metal stamping has seen increased usage across commercial sectors. Important players.

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The growing adoption of the bending process in various industry verticals to improve the stability, durability, and quality of manufactured parts is anticipated to stimulate the growth of the metal stamping market. The aerospace industry is expected to create lucrative growth opportunities for the metal stamping market shortly. Metal stamping demand is expected to increase with an increasing focus on safety, demand for catering to stringent quality standards as well as the use of versatile and lightweight components for maintaining reduced fuel costs and low weight of aircraft.

The report covers exhaustive analysis on:

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

The rising competition in the automotive industry has led to the growth in demand for the global metal stamping market. In the global metal stamping market, the desired shape of the metal is achieved by pressing or punching process with the help of stamping dies. The process of punching or the application of pressure can be done either manually or mechanically as per the requirement. Metals predominantly used in the global metal stamping market are aluminum, steel, brass, copper, and stainless steel. The global metal stamping market is expected to grow with a single-digit compound annual growth rate during the forecast period.

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Metal Stamping Market: Region-wise Outlook

The global metal stamping market in North America and Europe is anticipated to grow at a good pace due to the growing demand in the automotive industry. The global metal stamping market is estimated to grow with a single-digit CAGR in North America during the forecast period. The industry is replacing ferrous materials with non-ferrous materials to reduce vehicle weight. In the developing regions, Asia and Latin America are expected to be the prospective market due to the expansion of capacity utilization and also the growing trend of outsourcing.

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • The Middle East and Africa (GCC, S. Africa, N. 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 an 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.

By Segmentation:

Based on product type, the global metal stamping market can be segmented into the following segments:

  • Vehicle stamping
  • Job stamping
  • Others

Based on end-users, the global metal stamping market can be segmented into:

  • Automotive
  • Aerospace
  • Consumer electronics
  • Telecommunication
  • Electrical & electronics
  • Others

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Key Players

Some of the few key players in the global metal stamping market are American Industrial Company, Martinrea International Inc., Magna International Inc., Hayes Lemmerz International, Harvey Vogel Manufacturing Co., Haitong Metals, D&H Industries, Inc., Dongguan Fortuna Metal Stamping Company, ThyssenKrupp AG, Alcoa Inc. and American Axle & Manufacturing, Inc.

Some of the key vendors in the global metal stamping market are Fiat Chrysler Automobiles, Toyota Motor Corporation, Ford Motor Company, General Motors, BMW AG, Whirlpool, and Boeing.

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of the 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 based on Source, Application, Sales Channel and End-Use over the next 10-years.

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Gaming Gadgets Market is Predicted to Grow at 8.2% CAGR Through 2032

The gaming gadgets industry is predicted to be worth US$ 71.30 Billion by 2022 and US$ 156.7 Billion by 2032, according to FMI. Between 2022 and 2032, the market is estimated to increase at a compound yearly growth rate of 8.2%.

Innovations in technology including graphic quality, VR, AR and processing power coupled miniaturization of devices have played key roles in the electronics and smart gadgets industry. Sega in 2020 announced the miniature Game Gear Micro, a palm-sized device that comes in four colors.

With investments aimed towards technology and product launches with value-added services, the demand for gaming gadgets is expected to grow rapidly during the forecast period. Brands are extensively focused on leveraging their brand position through enhancing retail penetration.

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Brands are actively collaborating with local and regional online retailers to ensure product accessibility in both developed and developing countries. Sega of America, Inc. is one such company with significant local and regional online penetration. These trends are expected to fuel growth in the market.

One trend that is propelling the gaming gadgets market is the rise of eSports. Rising viewership and increasing interest towards e-sports has unlocked new opportunities for gaming gadgets in countries other than China including Vietnam, Malaysia, and Indonesia.

Key Takeaways from the Gaming Gadgets Market Study

  • PlayStation products are expected to hold a noteworthy revenue share of 46.7% in 2021 aided by frequent technical and system updates.
  • Home consoles dominate the market with a wider scope of gaming options from players like Nintendo, Sony, and Microsoft.
  • The U.S. holds a noteworthy value share of 79.4% in North America owing to the rapid upsurge in the number of active gamers in recent years.
  • Thailand is a key market in South Asia reflecting a CAGR of 18.4% owing to higher spending on premium products in thecountry.
  • China showcases major opportunities for the gaming industry owing to a larger consumer population with increased spending on gaming content and hardware.

“Frequent launches of new gaming content with superior graphics, rapidly evolving technologies such as artificial intelligence (AI) and virtual reality (VR), are key factors creating a conducive environment for major console manufacturers and will influence growth in the gaming gadget market in the coming decade,” says an FMI analyst.

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Impact of COVID-19 on the Market

The outbreak of the novel coronavirus has resulted in an economic downswing by causing disruptions in the business operations in various sectors. The retail industry has been hit hard. A reduction in overall discretionary spending levels, is posing a temporary challenge for players operating in the market.

These issues were offset by strong year-over-year revenue growth as consumers were subject to shelter-in-place restrictions. Limits on varied forms of entertainment and social interaction is expected to keep the demand for gadgets afloat in the coming months.

In light of this situation, players are now focused on improving online penetration, as this provides an opportunity to the players to access a wider consumer base at once within minimum costs.

 Who is winning?

Leading manufacturers of gaming gadgets are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of gaming gadgets globally.

Major players present in the gaming gadgets market are Nintendo Co., Ltd, Sony Corporation, Microsoft Corporation, Atari, Inc., Hyperkin, Inc., Razer Inc., NVIDIA Corporation, SEGA of America, Inc., Valve Corp., Dell Technologies Inc., and Mad Catz Global Ltd. among others.

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

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