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The telecom tower power system market is expected to register year-on-year growth at 5.8% in 2021, with the overall valuation forecast to reach US$ 3.5 Bn. As per a Future Market Insights (FMI) analysis, sales of telecom tower power systems is expected to increase at 6.7% CAGR between 2021 and 2031.

According to Future Market Insights, increased demand for telecom tower power systems has resulted from the expansion of telecom infrastructure facilities to cover rural and other remote areas. Rapid technological advancements in manufacturing are also expected to supplement market growth in the near future.

Despite the COVID-19 pandemic’s recessionary effect in 2020, the telecommunications industry has remained unaffected in terms of essential service sector. With the ongoing demand for high energy efficient solutions, the growth of telecom tower power systems is expected to continue on an upward trend for the foreseeable future.

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Demand for telecom tower power systems is increasing with the rise in the volume of telecom tower networks in recent years. This can be attributed to an increase in investments and expansion of new telecom infrastructure projects in developing nations.

The growing demand for mass production has increased the importance of process automation. The market is shifting toward Industry 4.0 standards, resulting in the promotion and widespread adoption of new manufacturing technologies.

The growing number of players focusing on telecom tower power system research and development is expected to contribute to market growth in the coming years.

Key Takeaways from Telecom Tower Power System Market Study

• Outdoor telecom tower power systems are projected to hold over 54% of the global market share in 2021, supported by the availability of superior configurations.
• The diesel generator + battery segment is set to hold over 41% of the market share as a power source by 2031-end, supported by investments into renewable energy systems.
• The U.S. will remain a primary market, backed by rising demand from the energy sector. It is expected to account for over 86% of the demand registered in North America in 2021.
• The markets in India and China are set to surge at CAGR of approximately 8% and 7% over the coming decade.
• Russia is emerging as a key market in Europe, with a valuation of over US$ 154.5 Mn in 2021, driven by presence of massive telecom infrastructure network.

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“The telecom tower power system market is growing at a strong pace driven largely by increasing demand for energy efficient power systems. Increasing investments in the telecommunication industry for the expansion of telecom infrastructure projects will create extensive opportunities for telecom tower power system manufacturers. Industry participants are investing in expansions, strategic alliances, and energy efficient solutions to gain a competitive advantage,” says a Future Market Insights analyst.

Who is Winning?

The telecom tower power system market is moderately consolidated, with key players accounting for more than 55% of the market share. These players are likely to invest in new technology developments and expansion of their distribution networks in order to maintain their market presence.

Some of the key players in this industry include but are not limited to Delta Electronics Inc., Cummins Inc., Huawei Technologies Co., Ltd, Eaton Corporation PLC, Vertiv Group Corporation, STMicroelectronics NV, ZTE Corporation, and ABB Ltd.

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Telecom Tower Power System Market by Category

By Product Type:

• Outdoor Telecom Power System
• Indoor Telecom Power System

By Power Source:

• Diesel Generator
• Diesel Generator + Battery
• Renewable Energy
  • Solar
  • Wind Turbine
  • Biomass

By Region:

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

About Us

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

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Future Market Insights (FMI), Dubai: As per thorough research by FMI, the global biogas market will total US$ 61.2 Bn by the end of 2031. Suring applications of biogas in electricity generation, vehicle fuel, and heating among others is propelling the demand in the market.

Rising concerns regarding greenhouse gasses emissions and the implementation of stringent regulations to reduce fossil fuel dependency are encouraging countries to shift from using conventional sources of energy to biomass-derived sources such as biogas and bioethanol. On account of this, the biogas market is estimated to expand at a CAGR of 6.8% during the forecast period from 2021-2031.

Renewable sources of energy such as biogas are increasingly gaining acceptability as an alternative to petrol and diesel across the transportation sector. It is extensively being used in natural gas vehicles (NGVs) and dual-fuel vehicles in countries such as the U.S., Germany, Sweden, and the U.K. Driven by this, the sales of biogas are anticipated to rise year-over-year at 7.1% between 2020 and 2021.

Moreover, increasing consumer inclination towards adoption of biogas owing its advantages such as cost reduction, high vehicular performance, and sustainability is driving the market. Considering this, the demand for biogas is projected to grow in tandem with surging fuel consumption across the world.

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In terms of source, municipal is likely to emerge as the most attractive segment in the market through 2031.  Increasing utilization of municipal solid waste (MSW) and water treatment for the production of biogas is facilitating the growth in the segment.

“Growing utilization of anaerobic digestion plants for biogas production and introduction of the circular economy across the U.S., India, and China are expected to augment the growth in the biogas market,” says an FMI analyst.

Key Takeaways from Biogas Market Study

• The North America market is estimated to expand at 6.1% CAGR through 2031 owing to implementation of favorable government policies promoting biogas production in the U.S.
• Favored by the increasing demand for renewable sources of energy in the U.K. and Germany, the sales of biogas in Europe are expected to rise at a CAGR of 5.9% over the assessment period.
• China is projected to emerge as the most lucrative market in East Asia, on the back of deployment of large-scale biogas plants in the country.
• South Korea and Japan are forecast to collectively account for nearly 7.40% of the total biogas market share in 2021.
• On the basis of applications, the electricity application segment is anticipated to account for the lion’s share in the market, owing to increasing demand for clean energy.

Key Drivers

• Implementation of favorable government policies, encouraging the sales of biogas-driven buses, cars, and trucks through tax exemptions and investment subsidies in the U.S., Germany, China, and India is expected to drive the market.
• Increasing use of biogas for generating electricity and heat across the power generation sector is spurring the sales in the electricity segment.

Key Restraints

• High capital investment required for setting up biogas plants is hampering the growth in the market.
• Rising consumer preference towards adopting electric vehicles rather than natural gas vehicles is hindering the sales of biogas across the vehicle fuel segment.

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Competitive Landscape

The top five players in the global biogas market are Total SA, Air Liquide, Wartsila, Planet Biogas Global GmbH, and Envitec Biogas AG. As per FMI, these companies are anticipated to account for nearly 27.1% of the total sales in 2021.

Established players are focusing on investing in acquisitions, strategic collaborations, and mergers to expand their productions facilities. Through this, companies are aiming to expand their production capabilities to meet the surging for biogas in the energy segment. For instance,

• In July 2021, Hitachi Zosen Inova, Swiss-Japanese cleantech company, announced entering into an agreement with Viessmann-based Schmack Group to acquire the business activities of two entities – microbEnergy GmbH and Schmack Biogas Service GmbH. The acquisition will help the company to expand their footprint in the field of renewable gases.
• In October 2021, Envitech Biogas Ag, announced signing a contract with a China-based company, East China Engineering Science and Technology Co., Ltd. to establish the company’s eighth production plant in China. The strategy will assist the company to increase biogas production using biogas upgradation systems via EnviThan.

Some of the key players operating in the market profiled by FMI are:

• Air Liquide
• Wartsila
• EnviTech Biogas AG
• Asia Biogas
• SCANDINAVIAN BIOGAS FUELS INTERNATIONAL AB
• Schmack Biogas GmbH
• Swedish Biogas International AB
• PlanET Biogas Global GmbH
• S. P. Renewable Energy Source Pvt. Ltd
• Agrinz Technologies GmbH
• Greenlane Biogas

More Valuable Insights on Biogas Market

A detailed study by FMI provides an unbiased analysis of vital factors favoring the growth in the global biogas market through 2021 and beyond. The survey offers refined sales projections in biogas market with detailed segmentation:

By Source:

• Agriculture
• Municipal
• Industrial and Others

By Application:

• Electricity
• Heat
• Vehicle Fuel and Others

Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East & Africa

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Key Questions Covered in the Report

• The report offers insight into biogas market demand outlook for the forecast period 2021-2031
• The market study also highlights projected sales growth for biogas market between 2021 and 2031
• Biogas market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
• Biogas market share analysis, covering key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and 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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The global refrigeration oil market is predicted to exhibit a CAGR of 4.9% during the forecast period from 2022 and 2032. The market is currently valued at US$ 1,369.0 Mn and is anticipated to reach US$ 2,332.9 Mn by 2032.

According to the Future Market Insights analysis, the rising consumption of refrigeration oil in different applications such as in coolers, chillers, conditioning systems, refrigerating systems, freezers, and others is predicted to push sales in the market.

As per Future Market Insights (FMI), the historical analysis shows that total sales of refrigeration oil increased at a 6.4% CAGR between 2016 and 2021. The surging applications in industrial and residential sectors have led to the growth in the market along with the rising use of refrigeration oil in coolers, condensers, and residential sectors are expected to fuel sales in the market.

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Key Takeaways

• With the widespread consumption of packaged food products and sales of frozen meat surges across the world, signification adoption of refrigeration systems is predicted that will aid sales in the food & beverage industry. Low temperatures are required for these frozen food products as they are perishable items. In order to maintain the product’s quality, end users are rising the adoption of refrigeration oil, hence, fueling the sales.
• As per the analysis by Future Market Insights, the air conditioning segment is predicted to lead the global refrigeration oil market, followed by refrigerating systems and coolers & chillers. Furthermore, the expansion of the food & beverage industry coupled with the surging application of warehouse and logistics are expected to drive the demand in the market.
• Some of the major key factors that are expected to bode well for the refrigeration oil market include a rise in good & beverage production along with a surging expansion of cold chain packaging in order to reduce food loss at the production and distribution levels.
• There is a surging demand for meat products which is primarily attributed to changing food preferences and demand for pre-cooked meals all over the world. This is responsible for the expansion of cold storage capacities and expansion of refrigerated distribution in order to minimize loss at the distribution level.
• The demand for refrigeration oils is expected to spur sales in the future due to the importance of refrigeration oil as lubrication in refrigeration systems for better performance.
• Technological advancements in treatment, rising prevalence of chronic diseases, along with favorable government initiatives to improve healthcare infrastructure are some of the factors accelerating sales in the refrigeration oil market.
• Dominant healthcare organizations and companies are progressively developing clean rooms which are operated under controlled conditions paired with an extremely low level of pollutants. In order to maintain a such clean environment, clean rooms are efficiently connected to HVAC& R (heating, ventilation, air conditioning, and refrigeration) systems.

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Competitive Landscape

Leading manufacturers and key players in the industry have shifted their focus to emerging economies to efficiently meet the rising demand for refrigeration oil. Major key players are focusing on enhancing their manufacturing capabilities, R&D investments, collaborative partnerships, and expansion of production capacities.

Moreover, these dominant market players are strengthening their sales channels to meet the growing demand for refrigeration oil around the world and get an edge over the market.

Refrigeration Oil Market by Category

By Product Type:

• Mineral Oil
• Synthetic Oil

By Refrigerant Type:

• Chlorofluorocarbon (CFC)
• Hydro-chlorofluorocarbon (HCFC)
• Hydro-fluorocarbon(HFC)

By End User:

• Industrial
• Commercial
• Residential

By Application:

• Air Conditioners
• Coolers
• Chillers
• Refrigerators/Freezers

More Insights into the Refrigeration Oil Market

The U.S. is expected to dominate the global refrigeration oil market in the North American region by accounting for about 19.3% of the total market revenue in 2022. Owing to the ongoing investments and developments in the country there is a rising demand for refrigeration oils in the future.

The rising investments in research in numerous countries like automotive, oil and gas, infrastructure, chemical, and electronics, among others. Continuous advancements and increased research and development (R&D) in the pharmaceutical industry are driving the demand for laboratory refrigeration systems.

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Germany is yet another country to lead the European market by garnering around 6.6% of the demand in the global market. Germany is expected to have robust growth in the refrigeration oil market due to its advanced healthcare system, the pharmaceutical industry is continuously expanding with extensive research & development.

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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The global sludge treatment chemicals market is projected to create an absolute dollar opportunity by exhibiting a steady CAGR of 4.6% throughout the forecast period from 2022 and 2032. The market is anticipated to be valued at around US$ 9,220.5 Mn in 2022 and is further projected to reach US$ 14,456.8 Mn by 2032.

According to the estimations of Future Market Insights (FMI), the overall sales in the sludge treatment chemicals market increased at around 5.0% year-over-year growth between 2015 and 2021. The widespread application of sludge treatment chemicals in industrial and municipal sectors is predicted to grow sales in the market.

Demand for waste treatment chemicals is anticipated to witness growth at a healthy CAGR of 4.6% across the projection period. The rising adoption of industrial sludge chemicals is one of the primary factors boosting sales in the market. Approximately 40% of the sludge produced globally comes from industrial sludge.

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Key Takeaways

• Rising consumption of flocculants, coagulants, disinfectants, anti-foulant and others for industrial treatments and municipal waste treatment is expected to push sales over the assessment period. One of the key driving factors in the sludge treatment chemicals market is its growing popularity in manufacturing sectors across India, Brazil, and ASEAN countries.
• Widespread awareness of water conservation and its increased activities by municipal corporations, industrial bodies, and other government & environmental associations is driving the demand. In addition to that, the use of diverse multifunctional chemicals including copolymers of AETAC, which are capable of performing functions by coagulating and flocculating with high molecular weight will improve the growth.
• The industrial sector requires eco-friendly formulations in order to reduce the wastage of toxic chemicals aiding the growth in the sludge treatment chemicals market. With the rising number of industries in developing regions such as Asia and the Middle East will result in better sludge production across the industrial sector.
• At present, it is prohibited to dump waste produced directly in water bodies or on land. Due to stringent government regulations, companies are striving to decrease the toxicity of the industrial sludge thus boosting the demand in the sludge treatment chemicals market.
• Several governments have established various standards for treating sewage sludge which is applicable to agricultural soils. It has also been made mandatory for the commercial sector to inculcate sustainable development as a part of the corporate plan.
• North America is anticipated to remain a dominant region in the global sludge treatment chemicals market, accounting for a big chunk of the global market share. South Africa is predicted to witness the fastest growth owing to the rapid expansion of the industrial sector and rising focus on waste treatment.

Competitive Landscape

The key market players in the global sludge treatment chemicals market are focusing on mergers and acquisition activities leading to industry consolidation. Key players in the market reside in North America and Europe where most of the activities are undertaken.

The industry is predicted to be a fairly consolidated market and it is also expecting to consolidate new market players.  Key Players – BASF SE, Chembond Chemicals Limited, GE Water and Process Technologies, Kurita Water Industries Ltd., Ion Exchange, Kemira Oyj, AkzoNobel N.V., Solenis, Thermax Ltd., Veolia Water Technologies, Accepta Advanced Environmental Technologies, Hubbard-Hall Inc, Beckart Environmental, Ecolab Incorporated

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Sludge Treatment Chemicals Market by Category

By Product Type:

• Flocculant
  • Cationic
  • Anionic
• Coagulant
  • Organic
  • Inorganic
• Disinfectant
• Anti Foulant
• Anti Foamer
• Activated Carbon

By Treatment:

• Primary
• Tertiary

By Application:

• Industrial
  • Paper and Pulp
  • Food and Beverage
  • Oil & gas
  • Metal Processing Industry
  • Chemical and Fertilizer
  • Automotive
  • Others
• Municipal

More Insights into the Sludge Treatment Chemicals Market    

The U.S. is expected to dominate the North American region due to the rising investments in waste treatment, rapid industrialization, and development in the manufacturing sector. The overall sales of sludge treatment chemicals in the U.S. accounts for 23.2% of the global market.

The sludge treatment chemicals market is anticipated to witness growth in the U.S. due to its diverse industrial application in pulp and paper, food and beverages, oil & gas, automotive, and several other industries. In addition to that, the establishment of waste treatment generated from houses and commercial places in the U.S. is anticipated to bolster the demand.

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According to the FMI analysis, development in the manufacturing sector and increased spending in the municipal waste treatment chemicals market are expected to portray lucrative growth opportunities in developing countries like India.

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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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The global acrylic fibre market is projected to reach a valuation of US$ 7,779.0 Mn in 2032, with the demand growing at a stagnant CAGR of 3.9% over the forecast period of 2022 to 2032. Climbing up from a value of US$ 5,113.4 Mn in 2021, the acrylic fibre market will reach an estimated US$ 5,306.0 Mn by the end of 2022.

Large-scale usage across a variety of end-use industries, and escalating use in the production of knitted items drives the acrylic fibre market during this period of observation. The material’s use in the making of craft yarns, fake fur, carpets, vehicle covers, and upholstery fabric will further augment its sales.

With recent recognition of acrylic fibre’s ability to blend with other materials, the material is observing a rapid rise in its demand. The use of this fibre in blends with materials like cotton, wool, polyester, and others is gaining momentum due to its favorable physical, chemical, and thermo-biological features.

Again, these fibres provide a more aesthetic and natural look; they are highly resistant to microbial attack, mild alkalis, and UV deterioration. Thus, acrylic fibres are increasingly used to create different types of garments and even used in the home furnishing industry.

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Moreover, some recent developments in the acrylic fibre market such as the material’s use in the production of carbon fibres, flame-retardant acrylic fibre, weather-resistance acrylic fibre, antimicrobial acrylic fibre have generated more opportunities for the market. Flame-retardant acrylic fibre, weather-resistance acrylic fibre, antimicrobial acrylic fibre are materials that are often used in hospitals, manufacturing industries, and others.

Advancements in processing and other technologies will also contribute to market growth as this kind of progress may make it feasible to produce acrylic fibres from new sources. All of these factors will foster an environment of growth for the acrylic fibre market during the assessment period.

“Increasing use of acrylic fibre in end use industries like home furnishing, apparels, industrial goods, and many others is expected to encourage the market growth of acrylic material over the forecast period,” says an FMI analyst.  

Key Takeaways:

• Expanding fashion industry to facilitate lucrative market opportunities.
• Raw material price fluctuations and availability of alternatives may impede market growth.
• The acrylic fibre market in India is predicted to grow at a high CAGR.
• Export of synthetic fibres to drive market growth in China.
• By dyeing method, the gel dyeing segment will gain a notably high revenue during the forecast period.
• By form, the acrylic staple fibre segment is predicted to register a 3% CAGR over the assessment period.

Competitive Landscape 

Aksa Akrilik Kimya Sanayii A., Dralon, Aditya Birla Group, Jilin Chemical Fiber Company, TAEKWANG INDUSTRIAL CO., LTD, Exlan Japan Co., Ltd., Kaneka Corporation, Indian Acrylics Limited, Pasupati Acrylon Ltd., Vardhman Acrylics Ltd., and others are some of the major players in the acrylic fibre market that are profiled in the full version of the report.

Major market players are focusing on product innovation and releases. These businesses are also employing expansion and acquisition strategies to gain a competitive advantage.

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Acrylic Fibre Market by Category

By Fiber Form:

• Staple
• Filament

By Dyeing Method:

• Acid
• Gel
• Undyed

By Blending:

• Wool
• Cotton
• Others

By End Use:

• Apparels
• Home Furnishing
• Industrial
• Outdoor

More Insights into Acrylic Fibre Market Report

In its latest report, FMI offers an unbiased analysis of the global acrylic fibre market, providing historical data from 2015 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and range, the market is segmented on the basis of fibre form (staple, filament), dyeing method (acid, gel, undyed), blending (wool, cotton, others), end use (apparel, home furnishing, industrial, outdoor), and region.

According to the latest FMI reports, based on region, the acrylic fibre market in India is expected to exhibit substantial growth during the forecast period. The country will likely account for a major portion of the global market share by the end of 2032.

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The swiftly advancing textile industry and growing export of yarns and fibres are accountable for the regional market growth. Along with India, China, too, is predicted to present impressive market growth during 2022-2032. China is the world’s leading producer of acrylic fibre, accounting for over 30% of the global production of the material.

Based on segmentation, on the basis of the dyeing method, the gel dyeing method is expected to dominate the market. In terms of form, the acrylic staple fibre segment will lead the market growth over the forecast period.

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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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A new market research study by Future Market Insights on the global bromine derivatives market contains global industry analysis 2014–2021 and opportunity assessment 2022–2029. The report investigates the bromine derivatives market and provides critical insights for the forecast period of 2022-2029.

As per the findings of the report, the global industrial bromine derivatives market is anticipated to experience substantial growth over the forecast period due increasing adoption of bromine compounds in various applications, such as flame retardants, PTA synthesis, oil & gas drilling, and others.

The global industrial bromine derivatives market was valued at ~US$ 4Bn in 2021 and is projected to increase at a CAGR of ~ 3.9% during the projected period of 2022 and 2029. This growth is significantly driven by the expansion of chemical, oil & gas, and other end-use industries of bromine based chemicals.

Significant progress in numerous industry verticals, especially construction and chemicals in developing countries have resulted into increased demand for bromine derivatives. In an attempt to align with the evolving environmental policies, manufacturers are tapping into R&D and innovation space, according to the FMI study.

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Global Bromine Derivatives Market: Vendor Insights

The report signifies some of the prominent market players, who have established themselves as leaders in the global bromine derivatives market. Few examples of key players in the market are Israel Chemicals Limited, Tosoh Corporation, Lanxess AG, Tata Chemicals Limited, Albemarle Corporation, Tetra Technologies Inc., Mil-Spec Industries Corporation, Jordan Bromine Company, Hindustan Salts Limited, Neogen Chemicals Limited, DSL Chemicals (Shanghai) Co. Ltd., and Solaris ChemTech Industries Limited, among others.

The global bromine derivatives market is considerably dominated by some key players holding major shares of the market. Tier-1 players are collaborating with regional/local companies to increase their bromine-based product portfolio, thus, gaining a competitive edge over their peers.

Alternative Usage of Bromine Compounds in Various Industrial Applications

The global bromine derivatives market has been segmented based on derivative, application, end-use, and regions such as North America, Latin America, Europe, South Asia, East Asia, Middle East & Africa, and Oceania.

• Consumption of bromine and its derivatives in Asia and BRIC nations is expected to grow steadily due to the underlying growth in end-use industries, such as dye manufacturing, pharmaceuticals, and specialty chemicals, and the shift in the production of consumer electronics from the U.S. and Europe to Asia. Factors mentioned above are expected to position Asia (South & East) as a major lucrative market for players in the bromine derivatives market.
• Bromine derivatives are used in almost all end-use industries, such as pharmaceuticals, automotive, electronics, and others. Bromine compounds, such as methyl bromide, are mostly used as pesticides in the agriculture sector, owing to its highly active nature even at low temperatures. Over the past few years, bromine is used as a biocide and disinfectant in drinking and wastewater treatment, and swimming pools, respectively.
• With developing oil drilling technologies, the use of bromine-based drilling solutions, also called brine fluids, are gradually spreading across the U.S., U.K., South East Asia, Africa, Middle East, and others. This is estimated to pave way for the growth of the global bromine derivatives market.

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Bromine Derivatives Market By Category

By Derivatives :

• Sodium Bromide
• Calcium Bromide
• Zinc Bromide
• TBBPA
• DPDPE
• Others

By Application :

• Flame Retardants
• Organic Intermediates
• Oil & Gas Drilling
• Biocides
• PTA Synthesis
• Others

By End Use :

• Chemical
• Construction
• Oil & Gas
• Pharmaceuticals
• Electronics
• Others

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Significant Growth Opportunities in Asia Pacific for the Bromine Derivatives Market

Growing stringency of government regulations on the usage of halogenated flame retardants in the U.S., Canada, and EU countries, is a factor expected to decrease the consumption of bromine in these geographies. However, in developing nations, such as China and India, government policies are not that strict on the use of brominated flame retardants as compared to that in the U.S. and EU member countries.

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Sodium lactate find extensive applications in the food & beverage industry, pharmaceutical and cosmetic and personal care products owing to its superior properties and cost-effective nature. As per a new study by Future Market Insights (FMI), the demand for sodium lactate market will increase by 8.8% between 2021 and 2031.

Focus on reducing the cost of production to offset the high feedstock cost and gain competitive edge among leading players will bode well for the market. Moreover, manufacturers are expanding their manufacturing capabilities and increasing their exports to make deeper inroads in markets with unmet needs.

Increasing safety concerns have encouraged governments around the world to implement stringent regulations to maintain and enhance the quality of food, cosmetic and chemical products. These regulations have been created with the intent to keep an eye on chemical additives and contaminants in food supplies.

This is expected to create attractive opportunities for growth. The global sodium lactate market is estimated to be US$ 158.7 Mn in 2021, registering high growth through the forecast period (2021-2031)

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Key Takeaways from Sodium lactate Marker Study

• Liquid form by form type is expected to contribute more than 54% of revenue share to the market.
• By application, food & nutritional supplements held the highest market share in 2021 due to diversifying the application of sodium lactate in the food industry.
• North America holds a t share of over 38% in the global sodium lactate market.
• Germany is expected to remain the dominant market for sodium lactate in Europe, accounting for over one-fourth of sales through 2031.
• China will continue leading the East Asia market, exhibiting double-digit growth through the forecast period.

“Diverse applications of sodium lactate across diverse industries, from pharmaceutical to the food sector will drive the sodium lactate market,” says a FMI analyst. 

Fast Expanding End-User Industries and Product Compliance

Food & beverage, cosmetic industry, pharmaceuticals manufacturers are prominent end-user industries gaining momentum. With the prompt expansion of the food & beverage and agricultural industry across the globe, it will fuel the demand for sodium lactate-based products.

Manufacturers may want to steadily exit or avoid entering the vulnerable solvents marketplace as the usage of VOC-based products is banned and prohibited in developed countries. Increasing safety concerns have encouraged several governments to implement stringent regulations to maintain and enhance the quality of food, cosmetic and chemical products.

These regulations have created use of chemical additives and contaminants in food supplies on check. Also, within the pharmaceutical industry, regulations and quality assurance play an important role. These factors will continue creating scope for sodium lactate applications.

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Competitive Landscape

Manufacturers are focusing on the development of intermediates. Moreover, they are focusing on expanding their regional presence through acquisition and expansion.

Some of the leading companies of this market include:

• Jungbunzlauer Suisse AG
• Biosynth Carbosynth
• Corbion N.V.
• Prathista Industries Limited
• Dr. Paul Lohmann GmbH KG
• Merck KGaA
• Advance Inorganics
• Hexon Laboratories Private Limited
• Galactic S.A.
• abcr GmbH

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Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2031. The global sodium lactate market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

The study provides compelling insights on the sodium lactate market on basis of Product Form in detail cover every aspect of the market such as (Powder, Liquid), Application (Beverages, Food & Nutritional Supplements, Clinical Nutrition, Dialyses Solutions, Personal Care & Cosmetics, Cleaners & Detergents), End User (Food & Beverages Industry, Cosmetic Industry, Pharmaceuticals Manufacturers, Medical Devices Manufacturers, Others) across seven major regions.

Sodium lactate Market by Category

Product Form:

• Powder
• Liquid

Application:

• Beverages
• Food & Nutritional Supplements
• Clinical Nutrition
• Dialyses Solutions
• Personal Care & Cosmetics
• Cleaners & Detergents

End-User:

• Food & Beverages Industry
• Cosmetic Industry
• Pharmaceuticals Manufacturers
• Medical Devices Manufacturers

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What Are Key Opportunities For The Market To Growth In Future?

In developed economies, customers are progressively transitioning to products that confirm to stricter requirements for safety. This will create opportunities for research and development activities and product innovation to launch lactates-based products.

Development of custom formulation and products as per end-user requirements is expected to gain impetus across the world. Some of the leading companies are therefore focusing on produyct launches.

A majority of manufacturers in the MEA region are based out of South Africa, Turkey and GCC. They are primarily focusing on manufacturing international quality products to garner significant attention from end-users in the region. Sodium lactate also is used in food products that need to be Kosher & Halal certified.

Expansion in APAC and ban on VOC-based solvent in Europe and North America will create growth opportunities for sodium lactates manufacturers.

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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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Increasing research and development (R&D) activities aimed at the development of new production technologies are expected to create growth opportunities for sodium hydroxide market, finds by Future Market Insights (FMI) in a recent research study.

According to the report, the sodium hydroxide sales are anticipated to surge at a CAGR of 4.3%, reaching US$ 43.7 Bn by the end of the assessment period in 2031. The growing demand for sodium hydroxide from various end-use sectors is encouraging market players to invest heavily in expanding their production capacities.

East Asia is estimated to remain a key regional market owing to increasing applications, particularly driven by the demand for textile chemicals in textile industry. Furthermore, the outbreak of the COVID-19 virus has resulted in reduced growth of many end-use industries including automotive and construction.

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This outbreak also has impacted the chemical industry. The losses arising during the pandemic have resulted in subduing growth for the sodium hydroxide market. However, the increasing demand in the pulp and paper industry is expected to support recovery of the sodium hydroxide market.

Key Takeaways from Sodium Hydroxide Market Study

• Caustic lye holds over 63% of the global value share in 2021 owing easier applications particularly in the chemical industry.
• Textile applications will account for over 19% of the market through the end of 2031, driven by inking and dyeing applications.
• China is dominant in East Asia with a share of over 63% through the assessment period, supported by the presence of prominent end-use industries in the country.
• The U.S. is a lucrative market accounting for over 89% of North America, propelled by demand in the automotive and construction sectors.
• India followed by ASEAN countries account for a cumulative share of over 72% of the South Asia and Pacific market, albeit driven by a fragmented end-use sector.

“Global trade tensions and COVID-19 outbreak have had a considerable negative impact on buyer confidence. This in turn has affected short term sales figures in the sodium hydroxide market. However, demand has been gradually recovering since last quarter of 2020 and is expected to reach pre-pandemic level in the coming years,” said a lead analyst at FMI.

Who is Winning?

Leading players in the sodium hydroxide market are focusing on strategic expansions of production capacity, in addition to collaborations, partnerships, and acquisitions to produce high-quality products. They are also focusing on bolstering their product portfolio and developing stronger distribution partnerships.

Key manufacturers in the sodium hydroxide market, include but are not limited to Olin Corporation, Tosoh Corporation, BASF SE, Formosa Plastics Corporation, Dow Chemical Company, Shin-Etsu Chemical Co Ltd, Westlake Chemical Corporation, Covestro AG, Solvay S.A., Gujarat Alkalies and Chemicals Limited, Occidental Petrochemical Corporation, Tata Chemicals Ltd., Xinjiang Zhongtai Chemical Co. Ltd, Vynova Group, CJ Chemicals, ProChem, Inc., Chemical Store Inc, GFS Chemicals, Inc.

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Valuable Insights into Sodium Hydroxide Market

Future Market Insights has published a market research report on the sodium hydroxide market that contains global analysis for 2016–2020 and opportunity assessment for 2021–2031. The report provides insightful analysis of the Sodium Hydroxide market through two different segments- Product Type, application and Region.

Sodium Hydroxide Market by Category

By Product Type:

• Flakes
• Caustic Lye

By Application:

• Alumina
• Textile
• Pulp & Paper
• Soaps & Detergent
• Dyes & Inks
• Pesticides
• Pharmaceuticals
• Water Treatment
• Petrochemicals
• Power & Steel
• Food Processing
• Organics
• Inorganics
• Others

How will COVID-19 Crisis Effect Sodium Hydroxide Market?

The COVID-19 outbreak has impacted various industries. In the short term, the world has seen a rise in demand for sodium hydroxide for water treatment applications. The sodium hydroxide market has been moderately impacted by the crisis.

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However, for the long-term growth outlook, the market has displayed gradual recovery in the past few months and is expected to reach its pre-pandemic levels by the end of 2021, supported by the resurgence of the end users.

Sodium hydroxide is used in the chemical industry as a catalyst, reactant, and more. The use of sodium hydroxide has been increased significantly in the last few years and is expected to continue its growth soon. Strong economic activity is supporting sodium hydroxide demand in all segments.

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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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As per the report published by FMI, the global stainless steel market is projected to have a moderate-paced CAGR of 5.5% during the forecast period. The current valuation of the market is US$ 119.80 billion in 2022. The market value of stainless steel is anticipated to reach a high of US$ 183.86 billion by the year 2032.

The stainless steel market is gaining rapid traction due to the flourishing demand for stainless steel in the manufacturing of kitchen products such as showpieces, cookware, and stoves owing to its benefits that include high ductility & toughness, resistance to corrosion, and low maintenance required that in turn fuel the market growth in the different industries.

According to the findings of Future Market Insights stainless steel seeks significant demand from the automotive industry again influences the market growth positively. Increasing automobile production in the regions such as the Middle East, the Asia Pacific, and Latin America has prominently escalated the demand for stainless steel in these regions.

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FMI has analyzed that the main factors contributing to the increased automobile production are the rise in easy access to credit facilities, disposable income, and the increasing necessity of people for personal transportation. The aforementioned factors are likely to boost the demand for stainless steel across the globe.

Key Takeaways from the Stainless Steel Market

• The automotive and transportation segment accounts for 12% market share of the global steel consumption.
• On the basis of the product type, the flat product segment is going to dominate at a significant CAGR during the period 2022-2032. This segment accounted for 73% of revenue share in 2021.
• Europe is projected to advance at a CAGR of 5.6% during the estimated period.
• Asia Pacific is projected to dominate the stainless steel market with a market share of 74% during the forecast period.

“Socio-economic factors and drastic development of the construction & building and automotive industry is likely to curate lucrative growth opportunities for the stainless steel manufacturers and leverage the market growth during the forecast period”– Says an FMI Analyst

Competition Landscape in the Stainless Steel Market 

The market players in the stainless steel industry focus primarily on their capacity expansion across various regions. the manufacturer has helped in the development of advanced techniques to enhance the properties of stainless steel which further extends profitable opportunities to the market players in the forecast period of 2022 to 2032.

The global stainless steel market can be considered oligopolistic due to the presence of a considerable number of players across the globe. The intensity of participation in the market is high owing to the excellent scope of demand. Tier-I companies are planning to venture into collaboration and acquisitions of accompanying businesses to further increase their market presence.

Acerinox S.A., Aperam Stainless, ArcelorMittal, Baosteel Group, Jindal Stainless, Nippon Steel Corporation, and Outokumpu are some key players in the stainless steel market.

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Key Segments In The Stainless Steel Market

By Type:

• Austenitic Stainless Steel
• Ferritic Stainless Steel
• Duplex Stainless Steel
• Martensitic Stainless Steel
• Precipitation Hardening Stainless Steel

By Form:

• Flat Products
• Long Products
• Tubular Products

By End-Use:

• Building & Construction
• Industrial Machinery & Components
• Automotive & Transportation
• Home Appliances
• Cookware & Cutlery
• Medical & Surgical Tools
• Others

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Recent Developments in the Stainless Steel Market:

• In November 2021, the U.S. government introduced USD 2 trillion plan for infrastructure. It includes heavy fund allocation for repair and renovation of bridges, highways, EV charging facilities, airports, water infrastructure, communication networks, high-speed Internet, clean energy & environment, and carbon reduction. This plan is likely to assist the SS demand for structural applications in infrastructure and construction.
• In February 2021, Jindal Stainless announced a CAPEX plan for its Odisha stainless steel plant worth Rs. 2000-3000 crore (USD 261.8-392.7 million) over the next few years

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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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The global expanded polypropylene (EPP) foam market is projected to reach a value of US$ 4,962.51 Mn in 2032, with the market growing at a prolific CAGR of 11.40% from the forecast period of 2022 to 2032. Predicted to reach an estimated US$ 1,685.9 Mn in 2022, the expanded polypropylene (EPP) foam market is driven by heightened demand from sectors like consumer goods, packaging, and furniture.

The increasing scope of expanded polypropylene (EPP) foam application such as the use of expanded polypropylene (EPP) foam sheets in a wide range of industries due to its superior properties will further propel the market growth.

Superior qualities of EPP foam like durability, recyclability, water and chemical resistance, thermal insulation, and others contribute to the extensive usage of EPP foam. With the growing usage of EPP foams in the automotive industry due to its effective tolerance and buoyancy coupled with the expansion of the same industry, the EPP foams market is expected to grow at a rapid growth rate.

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Other factors like the development and growth of several economies and the escalating demand for eco-friendly alternatives are also acting as demand drivers for the target market.

The past few years have witnessed a rise in the production of automobiles and consumer goods which in turn spurs the demand for expanded polypropylene (EPP) foam products. In addition to automobiles and consumer goods, expanded polypropylene (EPP) foam is widely used for protective applications in electronics and other items. This bodes well for the market as it will likely boost the commercial potential in the next few years.

The deep market penetration of EPP foam, growing industrial investment in major economies along with the easy availability of the product further augment the sales of the expanded polypropylene (EPP) foam in the global market during the forecast period.

Key Takeaways:

1. Rising demand for eco-friendly materials in the automobile sector will strengthen the market.
2. High prices, strict regulations, and availability of substitutes may stunt the market growth.
3. By product type, the high-density segment accounts for the highest revenue share.
4. Application in the automotive industry will lead the market growth.
5. The Asia Pacific region is expected to dominate the global market.
6. Europe and North America will together hold about 35% of the total market share.

Competitive Landscape 

Furukawa Electric Co., Ltd, Knauf Industries, Dongshin Industry Inc., Kaneka Corporation, JSP Corporation, BASF SE, SSW Pearl Foam GmbH, Sonoco Products Company, Clark Foam, and Bradford Company among others are some of the major players in the expanded polypropylene (EPP) foam market profiled in the full version of the report.

Leading market players are keen on implementing better supply chain solutions. Incorporating an innovative value chain so as to continue their production without disruption is the primary focus of many businesses in the market.

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Key Segments in The Expanded Polypropylene (EPP) Foam Market

By Grade Type:

• Low Density
• High Density
• Porous PP

By Application:

• Automotive
• Industrial Packaging
• Consumer Products
• Building & construction
• Others

By Region:

• North America
• Latin America
• Asia Pacific
• MEA
• Europe

More Insights into Expanded Polypropylene (EPP) Foam Market Report

In its latest report, FMI offers an unbiased analysis of the global expanded polypropylene (EPP) foam market, providing historical data and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented based on grade type (low density, high density, porous PP), application (automotive, industrial packaging, consumer products, building & construction, others), and region.

According to the latest FMI reports, based on region, the expanded polypropylene (EPP) foam market in the Asia Pacific region is expected to grow substantially over the forecast period. Currently accounting for 52% of the revenue share, the target market in this region is mainly fueled by escalating demand in important industry verticals.

The market in Japan is predicted to be one of the primary growth drivers in the APAC region. Building and construction sector coupled with the advancing automobile industry push the regional market growth through the assessment period.

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Based on segmentation, in terms of the product type, the high-density product segment is predicted to account for the fastest CAGR during 2022-2032. On the basis of application, the automotive industry will likely hold a major share of the market revenue over the projected period.

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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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