Flavored Whiskey Market by Form & End User Upcoming Opportunity, Product Portfolio with Key Findings-2032

The global flavored whiskey market is expected to reach a market value of US$27 billion by 2022. Due to its growing popularity, especially among Gen Z and Millennials, the demand for flavored whiskey is expected to increase during the forecast period. From 2022 to 2032, flavored whiskey sales are expected to improve, registering a CAGR of 7.4% to US$55,132.4 million.

During the historical period 2016-2021, the market was predicted to have a CAGR of 6.7%. The flavored whiskey is largely welcomed due to its ability curve out “off tastes” from the finished product to give the consumer a relaxing and sherbety finish.

The flavored whiskey market is expected to be dominated by the North America region owing to its early entry into the region and rising flavored spirit in the region. The honey flavored segment is expected to dominate the global flavored whiskey market resulted by its welcoming taste.

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Flavored Whiskey Market: Segmentation 

The flavored whiskey market is segmented on the basis of type, end-user, flavor type, and distribution channel.

On the basis of type, the flavored whiskey market is segmented into bourbon, scotch, malted, blended and others. The scotch segment is expected to dominate global flavored whiskey market owing to the presence of large consumer base for scotch whiskey, globally.

On the basis of end-user, the flavored whiskey market is segmented into retail and HoReCa. The HoReCa segment is comprised of hotel, restaurants, and catering services which are expected to dominate the global flavored whiskey market owing to ease of penetrability and introduction to new consumer base for the product. The retail segment to witness a healthy CAGR over the forecast period resulted by the presence of strong consumer base in the retail format for spirits.

On the basis of flavor type, the flavored whiskey market is segmented into citrus, honey, caramel, cider, apple, and others. The honey segment is anticipated to dominate the global flavored whiskey market owing to its widely accepted taste and better masking of “off taste” in whiskey offerings.

On the basis of distribution channel, the global flavored whiskey market is segmented into modern store formats, traditional store formats, and e-commerce. The modern store format is further sub-segmented into hypermarket/supermarket, departmental stores, and liquor stores.

The traditional store format is sub-segmented into food & drink specialty store, independent liquor stores, and others. The modern store format is expected to dominate global flavored whiskey market over the forecast period owing to its appeal to younger crowd and easier penetration of newer products.

Flavored Whiskey Market: Region-wise Outlook 

The North America region is expected to dominate the global flavored whiskey market resulted by the fact that the regional manufacturers are the initiator of the flavored whiskey market which means flavored whiskey is already a known product in the region. Europe to capture the successive place owing to large consumer base for flavored spirit in the region.

Asia Pacific is anticipated to witness strong CAGR over the forecast period owing to the rapid adoption of flavored spirit trend. The Latin America region is expected to capture a substantial volume share and the Middle East and Africa to experience weak initial growth rates.

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Flavored Whiskey Market: Drivers and Restraints 

The global flavored whiskey market is expected to be driven by youth-centric product trend. The increasing younger population is expected create demand for flavored whiskey over the forecast period. Also, a spike in female drinking population is anticipated which requires a different taste profile to target which is why flavored spirits are expected to witness high CAGR growth in the developing regions, globally. The introduction of a competitive segment in mature spirit market is expected to drive the demand for the flavored whiskey over the forecast period owing to the introduction of attractive drinks against old ones.

The competitive flavored spirit and lower price point of craft beers over flavored whiskey are expected to restrain the global flavored whiskey market over the forecast period.

Flavored Whiskey Market: Key Players 

The global player for the Flavored Whiskey market are Brown-Forman Corporation, Bacardi Limited, Beam Inc., The Crown Royal Company, The Old Bushmills Distillery Co., Pernod Ricard SA., and Diageo Plc.

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

The report covers exhaust analysis on 

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

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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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Recycled Glass Aggregates Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2028

Over the past few years, the construction industry has shifted its focus to the environmental impact of many construction materials used in the global market. The construction industry have heavy demand from the primary aggregate sources, it is projected that approximately 160 million tons of aggregates are used annually. Hence it is considerable to develop alternate aggregate sources such as recycled glass aggregates in the global market.

The recycled glass aggregates are produces with the use of waste materials such as plastics which can be used as building blocks, hence eliminating the need of disposal and plastic pollution across the globe. Recycled glass aggregates can be used as a replacement for concrete and also the powder form of recycled glass aggregates can be used as a gluing element in the construction industry. Additionally, glass is one of the materials which can be recycled indefinitely, and hence the use of recycled glass for recycled glass aggregates products reduces the use of raw materials and energy.

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Recycled glass aggregates have a massive prospect to grow and moderately replace traditional construction aggregates in the global market. The foremost driver of the recycled glass aggregates market is the safety concern for working population, without compromising on the aggregate quality. Recycled glass aggregates are widely used in commercial and industrial buildings, and structures in the global market. The global recycled glass aggregates market is estimated to grow with a prominent CAGR over the forthcoming years.

Recycled Glass Aggregates Market Dynamics

Recycled glass aggregates has numerous environmental and economic advantages such as; the closed-cell porous structure holds any organic porosity from glass pollution, recycled glass aggregates fines don’t require additional energy consuming recycling processes, the drying shrinkage of concrete foams is considerably reduced with the addition of glass fines in recycled glass aggregates, the potential ASR (alkali-silica reaction) traditional concrete glass fines can be organized with a custom-made blended designsand the absorbent structure of light-weight concrete delivers sufficient space for recycled glass aggregates enlargement and significantly reduces the concrete cracking owing to the ASR (alkali-silica reaction).

Market players are focusing on expanding their presence in regions where the recycled glass aggregates industry is growing at a rapid rate. Also, key players are focusing on entering into tie-ups with local vendors, distributors and recycled glass aggregates companies to promote their products this factors are estimated to act as a catalyst for the growth of recycled glass aggregates market in the near future.

The recycled glass aggregates industry is projected to register steady growth due to high rate of urbanization in emerging countries of Asia Pacific, coupled with increasing population. This rapid growth in the residential sector in urban as well as semi-urban areas in the global market contributes significantly to the recycled glass aggregates market growth.

Countries such as United States, Brazil, Russia, China and India are expected to create several jobs over the forecast period, which in turn, will propel the overall demand for recycled glass aggregates in all the end use segment globally.Furthermore, the growing applications of recycled glass aggregates in commercial and industrial sectors are expected to propel the growth of the overall recycled glass aggregates market in the near future.

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Recycled Glass Aggregates Market Regional Outlook

North American and European countries have presence of all industrial and commercial sectors alongside with the existence of globally prominent players, which is a boon for the recycled glass aggregates market in these regions. Rapid industrialization & construction activities in the Asia Pacific & Latin America region, prominently in China, Brazil, and India, is estimated to fuel the growth of the recycled glass aggregates market.

Increasing consumer eagerness to own a house is estimated to drive the residential construction sector, which in turn, will propel the demand for recycled glass aggregates in the global market over the forecast period. For instance, in 2015, it is estimated that more than a million new households were created but only 620,000 new housing units were completed, creating a shortage of 430,370 units. This gap has pushed up home prices and rents, a trend that will continue for the foreseeable future absent imminent policy changes. Additionally, all construction buildings that were erected in the past have a certain period of operation life, after which the structure is dangerous as it can collapse after prolonged use.

Additionally, the use of recycled glass aggregates can save money for local governments and other purchasers, create additional business opportunities, save energy when recycling is done on site, conserve diminishing resources of urban aggregates and help local governments meet the diversion goals of production. Therefore, it is expected that the recycled glass aggregates market will see rapid growth in all – developed and developing countries in the future.

Recycled Glass Aggregates Market: Market Participants

Some market participants in the recycled glass aggregates market are:

  • Arim, Inc.
  • Coloured Aggregates Inc.
  • K & B CRUSHERS
  • Conigliaro Industries
  • Heritage Glass, Inc
  • ASG Glass (American Specialty Glass)
  • Good Planet Laboratories
  • AeroAggregates, LLC.
  • EcoProCote
  • Canadian Recycled Glass

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

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The report covers exhaustive 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.

Recycled Glass Aggregates Market segmentation

Recycled glass aggregates Market can be segmented on the basis of resin type, technology and end use.

By resin type, the recycled glass aggregates market can be segmented into:

  • Glass cullet recycled glass aggregates
  • Glass fines recycled glass aggregates

On the basis of end use,recycled glass aggregates market can be segmented into:

  • Commercial
  • Residential
  • Industrial

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Wood Coating Resins Market- New Technological Development Projecting Massive Growth till 2026

Wood coating resins are organic compound used for home décor and industrial purposes, to impart stringent and beautiful coatings to protect furniture from extreme environmental condition, coupled with providing an aesthetic appeal. These coating are various types of acrylic and polyurethane polymers and copolymers.

These coating are extensively used in furniture, decking and siding applications. In recent years the market has seen, frequent developments and innovations, to develop eco-friendly alternatives to solvent based wood coating resins. Water borne and UV curable systems are upcoming new resin types in the global wood coating resins market.

Owing, to positive trends in construction industry, demand for wood coating resins is anticipated to expand with a notable CAGR over the forecast period.

Wood Coating Resins Market: Drivers and Restraints

The global Wood Coating Resins Marketis projected to grow at a moderate growth rate, amid reviving number of residential constructions, across all the regions globally. Apart from this, a prominent share of demand is expected to come from maintenance activity of pre-existing wood items, which is expected to further fuel the demand for wood coating resins.

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With improving living standards of people rising demand for decorative wood coatings, is also anticipated to fuel revenues in the global wood coating resins market. Rising preference for Do-It-Yourself (DIY) boxes in developed nations is further expected to drive the demand for wood coating resins, as seeing these available in retail shops, shall make people feel the need to regularly improve their furniture anaesthetics.

Moreover increasing number of upcoming environmental friendly products and advanced UV protection coating is expected to continuously revive demand for wood coating resins throughout the forecast period.

Shifting preference of people towards other alternatives to wood based furniture, is expected to simultaneously, limit growth rates in the wood coating resins market also. Furthermore, decreasing demand from maturing application areas such as rail road products and utility poles, is expected to slow down growth in the wood coating resins market.

Wood Coating Resins Market: Region Wise Outlook

The global Wood Coating Resins 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). APEJ and Latin America are expected to be the fastest growing region in terms of demand for wood Coating Resins, due to rapidly improving living standards and rising construction activity in these regions.

North America are also expected to hold a prominent share of demand, particularly due to rising number of maintenance activities. Furthermore, the need to update house décor is expected to drive demand for wood coating resins in Western Europe.

Wood Coating Resins Market: Key Players

  • Royal DSM NV
  • Nuplex Industries Limited
  • Akzo Nobel India Ltd
  • Dynea AS
  • Polynt Spa
  • SigmaKalon Group BV
  • Kansai Paint Co. Ltd.
  • Allnex S.à rl
  • BASF Coatings AG
  • Valspar Corp.

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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The report covers exhaustive 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 (Brazil, Mexico, Rest Of Latin America)
  • Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia, Rest Of Eastern Europe)
  • Asia Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC countries, S. Africa, N. Africa, Rest Of MEA)

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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Photoresist Chemicals Market: Segmentation

On the basis of product type,

  • Solvent borne
  • High-solids
  • Radiation cure
  • Water borne

On the basis of Resin Type,

  • Polyurethane
  • Acrylic
  • Epoxy
  • Alkyd
  • Others

On the basis of application,

  • Furniture
  • Decking
  • Siding

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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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Polyurethane Resins Paints and Coatings Market expected to be valued at US$ 52468.87 million by 2032

Economic growth in Asia Pacific and Latin America coupled with growing disposable income in these regions, have led to an increase in demand for furniture products and this in turn is expected to drive the demand for polyurethane resin paints and coatings used in furniture applications. Polyurethane resins coatings are also used for marine applications across the globe.

Polyurethane resins are produced by the reacting polyalcohol and an organic di-isocyanate. Polyurethane resins are extensively used in applications such as surface coatings, footwear, furniture and packaging. Polyurethane resin paints are characterized by properties such as high durability, toughness, easy cleaning and high gloss.

Owing to these properties, polyurethane resin paints finds wide spread applications across the globe. Polyurethane resin paints are also used where high performance is expected, in applications such as oil-rig towers, warehouses, industrial plants, heat resistant coatings, bridges etc.

Paints perform the vital role of protecting the surfaces from rust and weathering, increasing durability and also increasing the visual appeal of the products. Polyurethane resin paints are used in various applications such as wood coatings, aircraft coatings, construction etc. The demand for polyurethane resin paints is expected to witness strong growth from the furniture segment where polyurethane resin paints are used to paint the surface of wooden furniture.

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Interiors and furniture coating is one of the major end-user industry of polyurethane resin paints. Polyurethane resin paints are used are used for applying protective layer over wooden furniture in order to protect the wooden surfaces.

Other applications where polyurethane resin paints and coatings can be used include heavy duty exterior and interior structural coating, exterior surfaces of steel tanks, clean rooms, conveyors, chemical processing equipments, paper mills, power plants, offshore structures, oil field machinery, handrails, etc.

The demand for polyurethane resin paints and coatings is also expected to see robust growth from the marine industry. Increasing demand and sales of leisure boats globally is expected to drive the demand for polyurethane resin paints and coatings market in the near future.

The demand for boats has seen a significant increase in countries such as U.S further adding to the demand for polyurethane resin paints and coatings. Growing construction activities globally is also expected to increase the demand for polyurethane resin paints and coatings in the next few years. Polyurethane resin paints and coatings are also used for applying protective base layers to various products.

The demand for polyurethane resin paints and coatings from automobile sector is also anticipated to exhibit strong growth in the next few years.

In terms of consumption Asia Pacific was the highest consumer of polyurethane resin paints and coatings followed by North America, Europe and Latin America. In Asia Pacific, China and India were the major markets for polyurethane resin paints and coatings.

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The demand for polyurethane resin paints and coatings is higher in these countries on account of growing disposable income in this region and growing expenditure on furniture and interiors. In Latin America, Brazil is the major market for polyurethane resin paints and coatings.

The demand for polyurethane resin paints and coatings is also expected to be high in Middle East and African countries on account of growing construction activities in these regions.

Some of the major companies operating in the global polyurethane resin paints and coatings market are BASF SE, Sherwin Williams, Henkel, Lubrizol, DSM, and Arkema among others.

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 categories such as market segments, geographies, types and applications.

The report covers exhaustive analysis on

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

Regional analysis includes

  • North America
  • Latin America
  • Asia Pacific
  • Japan
  • Western Europe
  • Eastern  Europe
  • Middle East & 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.

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The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and various geographies.

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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Azelaic Acid Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2028

Azelaic acid is an organic compound with molecular formula C9H16O4 saturated dicarboxylic acid and it exits as a powder. The azelaic acid has significant biological activities and is found in daily food products such as, barley, wheat, rye. Azelaic acid is an inhibitor of enzymes in respiratory chain and as well as for DNA synthesis. Azelaic acid is manufactured from the oleic acid in the presence of ozone which acts as a catalyst during the reaction.

During the reaction, the by-product produced is called as nonanoic acid. The application of the azelaic acid in the pharmaceutical industry plays an important role for the treatment of the acne. Azelaic acid kills the bacteria which can affect the skin as well as it reduces production of the keratin which is responsible for the acne bacteria. Along with the pharmaceutical industry, it also works significantly polymer and related industrial materials.

Market Dynamics: Azelaic Acid Market

Therapeutic properties of azelaic acid are being increasingly capitalized by end use industry.  Azelaic acid is used a detoxifying agent in combination with the other raw materials. It is also helpful in acne and used for personal care application. Owing to these and other several benefits, azelaic acid market is expected to gain traction in the market in the coming years.

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In personal care industry, azelaic acid is often used a clarifying agent in the preparation of cream and ointments. It is also used as an aroma compound in soft drinks. Azelaic acid present in barley is of the most significant use, as it naturally acts a clarifying agent in preparation of wines. Owing to these factors, azelaic acid finds prodigious application in personal care as well as in food industry, owing to which azelaic acid market is expected to exhibit robust growth in between the forecast period.

The high content of azelaic acid in personal care and pharmaceuticals products is unsafe to consume, which could impede the trajectory of the azelaic acid market during the forecast period. Also, fluctuating prices of azelaic acid could also possibly hamper the sales of azelaic acid market. The increasing growth in the end use industries is expected to create trend for the azelaic acid market in the near future.

Regional Outlook: Azelaic Acid Market

Region outlook of azelaic acid estimated that, the consumption in North America is anticipated to retain a prime position in the market by the end of the forecast period touching a market share of approximately more than twenty percent in terms of volume. Europe region is closely followed by North America in terms of volume. Key players operating in the azelaic acid market can seek potential opportunities from the North America and European leading countries such as, the U.S., Germany, France, etc. owing to numerous opportunities from the end use industries taking place pertaining to this treatment.

Several mergers and acquisitions are also expected to take place between the core players operating in these regions in the coming forecast period. Key players can also find lucrative opportunities in the Asia Pacific, especially from China and India. China is anticipated to expand at a significant CAGR in between the forecast period followed by India. The Middle East & Africa market is expected to create sluggish growth in the market as compared to the Latin America region.

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Some of the key players of the azelaic acid market are the

  • BASF
  • Matrica
  • Croda Sipo
  • Emery Oleochemicals
  • Nantong Hengxing Electronic Materials
  • Jiangsu Senxuan
  • Ninghai Zhonglong
  • Hubei Tuochu

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

The report covers exhaust analysis on

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

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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Market Segmentation

Azelaic Acid MarketAzelaic acid market is segmented on the basis of grade and application

On the basis of grade, the azelaic acid market segmented as

  • Pharmaceutical
  • Polymer
  • Technical

On the basis of application, the heavy fuel oil market is segmented as

  • Lubricants
  • Plastics
  • Electronics
  • Pharmaceuticals
  • Personal Care
  • 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.

Contact Us:

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Protective Building Materials Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2022-2026

The construction industry has witnessed highest growth rate in past decades. This has enforced the industries to adopt new technologies in construction so as to ensure their position in the global market. Increasing competition and modernizing standards of civil engineering has increased the demands of protective building materials.

Protective building materials are the materials which are added on to enhance the endurance of the structure to survive under various conditions. Protective building materials not only provide extra strength, but also improves the life of the structure. Protective building materials are available in different forms, which can be mixed while construction or can be applied later on.

Protective building materials are generally used to assure resistance against corrosion, fire, radiations, seepage, tremors and physical damages. Protective building materials may involve high grade composite steels, cements and additives, paints, floorings, panels, sheets, liquids and various tapes. In general, composite materials and non-metals are used as protective building materials due to their favorable properties like thermal insulation, hydrophobic nature, flexibility and hardness.

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Protective Building Materials Market: Dynamics

Increasing population and urbanization are expected to boost the construction market. Strong desire to develop more reliable structures that can ensure the safety against natural and artificial disasters can be considered as major driving factors of the protective building materials market.

Reducing construction land is boosting up the construction of skyscrapers which ultimately demands high safety factors in buildings and encourage the protective building materials market. The protective building materials market is also widely dependent on the topology and geographical locations of the construction sites. For example, sites near the aquatic bodies or in tropical region are expected to demand for corrosion protective materials and sites near the poles demand for thermal insulations.

It is desired that the protective building materials must fulfill its purpose and should merely contribute to the overall weight of the building. Lack of innovation, high cost, and less durability are expected to restrain the growth of protective building materials market. Indeed, it is required to develop protective building materials which can provide overall resistance without compromising with strength and aesthetics of the building.

Increasing seismic activities and frequently changing environment is likely to boost up the protective building materials market. There is a high scope of development in protective building materials that exalt aesthetics of the structure and also make them indelible.

Protective Building Materials Market: Segmentation

The protective building materials market can be segmented on the basis of application, material type, type of resistance offered, form of availability and on the basis of end-use industry. On the basis of areas of application, protective building materials market can be segmented as flooring, ceiling, doors, window and wall protection.

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On the basis of the type of material used, protective building materials market can be segmented as metallic, non-metallic, composites and natural fibers. On the basis of the type of resistance offered, protective building materials market can be segmented as thermal insulators, waterproofing, crack proofing, core strengthening, acoustic insulation, etc.

On the basis of forms of availability, protective building materials market can be segmented in sheets, tiles, tapes, fibers, powders and liquids. On the basis of end-use industry, protective building materials can be segmented into commercial, residential and industrial.

Protective Building Materials Market: Region-wise Outlook

The global protective building materials market is segmented into five key regions, namely North America, Latin America, Middle East & Africa, Asia-Pacific and Europe. Asia-Pacific is anticipated to remain dominant in the protective building materials market throughout the forecast period and is expected to witness the fastest growth due to rapid construction activities in developing countries.

North America and Europe are also expected to witness growth in the global protective building materials market over the forecast period.

Protective Building Materials Market: Key Players

Some of the key players identified in the global protective building materials market are BASF SE, Knauf Insulation, Trelleborg AB, Owens Corning, Sika AG, E. I. du Pont de Nemours and Company, etc. These global key players are dispersing by adopting different strategies. Companies have adopted mergers, acquisitions, collaboration and expansion strategies to increase their market share in the global market.

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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.

The report covers exhaustive 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, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, 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 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 FMI

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Slate Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2028

Slate is a type of metamorphic rock formed by metamorphism of sedimentary rock that consist of volcanic ashes and clay as key components of this highly useful stone for construction purposes. Slate building solutions are considered highly durable and are widely used in all parts of the globe as construction material, both interior and exterior of the building.

Slate is considered as highly versatile building block for building purposes due to its exceptional properties allowing to make come back among other building material. In terms of properties, slate is capable of retaining its natural color in the presence of Ultra Violet light and have very low impermeability to water. It also remain unaffected when exposed to high seasonal temperatures and reactive chemicals. Owing to these properties, it application become highly useful for purposes such as roofing and flooring, and flagging and make building durable as well as attractive. In the recent years, slate are being widely used for cladding panels ideally considered as optimal solution for walls due to its high performance and low maintenance.

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Slate is highly sustainable material as compared to cement, slate cladding apart from giving elegant look to the architecture. In the recent years, the companies are looking for specific production requirements rather than maintain inventory and selecting block sizes and color ranges on a custom basis from certain beds in quarries. Across all parts of the globe, slate tiles are becoming important component of buildings with modern designs.

Forecast factors and related impact on the market

The natural slate is gaining significant adoption as a siding material providing offering high reliability in terms of performance and attractive design at the same time. Traditionally, the slate has always been popular among installers for roofing solution, slate siding is also becoming popular among end users. The slate building products are considered as hygienic due to its anti-bacterial, chemical free, stain-resistant, noncombustible nature that has made it popular choice among home owners looking to construct home with healthy living environment.

In this highly attractive market expected to grow at high CAGR over the forecast period, the companies are paying special focus on quality control measures across entire production processes before being shipped to the end users. Contrary to other commercial products, the production process of slate involves the combination of technology and craftsmanship to read, split and sort out materials.

The companies are offering consumers slate products to incorporate into commercial or residential project for with enhanced customer service offering consultation services associated with innovative application areas of slate. Adding to this, the suppliers are also purchasing used slates in larger quantities. To maintain market penetration, the leading reputed manufacturers and exporter of slate globally offers slate products as per specific requirement of the clients in terms of shape, size and colors.

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Global Slate Market: Key Players

Examples of some of the key players operating in the global Slate market are:

Virginia Slate Company, Vermont Structural Slate Company, Inc., Evergreen Slate Company Inc., Sheldon Slate Products Company Inc. UK Slate, Tegral Building Products Ltd, New England Slate, Snowdonia Natural Slate Products, Burlington Stone , Slate of China Stone Company, Acme Slate Ltd., Lepelle-Nkumpi among others.

Key Developments

  • In April 2018, Willow Creek, the Minnesota-based paver manufacturer, stated to use new infusion technology to enhance color retainment, reliablity and minimize absorption rates.The product series will includes Slatestone, Slatestone Grande, Dekrastone and Eurostone
  • In November 2017, Magraf opened logistics hub in Italy for stone presentation and distribution spanning a huge 137,000 m² in Gambellara. Various materials, including marble, granite, onyx, natural stone and a range of technical materials such as ceramic slabs and quartz will be available for the display and purchase

Opportunities for Market Participants

One of the most attractive opportunity for slate manufacturer is offering custom slate building product and gain competitive advantage over competitors by providing engineering/design services and supply products as per architectural drawings. In order to increase sales revenue, the manufacturers are targeting customers by directly from the source to installers such as builders, designers, homeowners, and wholesalers traditionally dominated by regional suppliers. However, the purchasing process through a supplier will remain leading sales channel in the Slate market

Brief Approach to Research

FMI will follow a modelling-based approach and triangulation methodology to estimate data covered in this report. A detailed market understanding and assessment of the use and applications of the Slate covered in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments. The upcoming investment in the construction and building sector especially in the emerging economies of Asia Pacific region are the driving force for the rise in investment in Slate.

The derived data is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data are collected at a regional level and consolidated and synthesized at a global level to estimate the overall market sizes. Adding to this, maintaining good relationships with fine installers throughout the globe will also play major role to target new geographies ultimately enhancing market presence.

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Key Data Points Covered in the Report

Some of the key data points covered in our report include:

  • An overview of the Slate market, including background and evolution
  • Macroeconomic factors affecting the Slate market and their potential
  • Market dynamics such as drivers, challenges and trends
  • Detailed value chain analysis of the Slate market
  • Cost structure of the products and segments covered in the global Slate market
  • In-depth pricing analysis by key product segments, regions and major market participants
  • Analysis of supply and demand, such as top product manufacturing and consuming geographies, product imports/exports, exchange of services and overall trade scenario, in the global Slate market
  • Analysis of the global Slate market structure, including a tier-wise categorization of key market participants
  • Competitive landscape of the market, including detailed profiles of the top players in the Slate market

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

The report covers exhaust analysis on

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

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.

Global Slate: Market Segmentation

On the basis of use, the global Slate market has been segmented as:

  • Roofing
  • Tiling
  • Landscaping
  • Structural

On the basis of application, the global Slate market has been segmented as:

  • Residential
  • Commercial
  • Offices
  • Educational Institutions
  • 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.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Camphor Market 2022 – Future Plans and Industry Growth with Quantitative and Qualitative Analysis

Camphor: One of the Few FDA-approved Chemicals with Natural Medicinal Properties

While the world is making a shift away from the use of chemicals in various products that are used on a daily basis, camphor is emerging as a popular chemical ingredient in most of the natural end products.

Being a translucent terpene ketone, white/grey in colour, and crystalline in form, camphor does not only have a pleasant odour, but it also offers versatile physical properties – which usually depend on its species, origin, and other specific growing conditions.

Though camphor is commonly produced by the distillation of bark and wood of the camphor tree, it can also be manufactured synthetically; carrying out the synthesis of turpentine oil which is produced from rosin, kinleith, and pine wood among multiple other ingredients.

Camphor is most commonly used in various healthcare products mainly due to its medicinal properties, and these products can be used as a treatment for cough, congestion, and other skin-related infections. Camphor is also used as an insecticide in food storages – a most commonly used traditional insecticide, especially in some countries across South Asia.

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Furthermore, camphor oil is also one of the popular remedies for improving digestion, metabolism, and excretion processes. Being an FDA-approved chemical, camphor is gaining immense demand in most of the medicinal, healthcare products, which is predominantly driving growth of the camphor market.

Pharmaceuticals Industry will Create Lucrative Opportunities for Camphor Market Players

The global market for camphor is highly characterised with its association with a wide range of end-use industries. However, the pharmaceuticals industry is expected to account for a significant share in the increasing global demand for camphor. Especially in cough-related remedial products, such as vapour rub and ointments, camphor has witnessed complete acceptance from the healthcare and pharmaceuticals industry.

Furthermore, the pharmaceuticals industry is also accepting camphor oil as an integral ingredient in natural skincare products, as camphor oil can be positively used in the treatment of various skin-related infections. Its use in muscle relaxant ointments is also opening a new window of opportunities for stakeholders in the camphor market.

In the coming years, leading players are likely to focus on expanding the target audience in a vast range of industries, and capitalize on the growing acceptance for camphor in most of the pharmaceutical and healthcare industries across the world.

Potential Impact of the COVID-19 Pandemic on the Supply of Pharma-grade Camphor

Though the global outbreak of the novel coronavirus has instigated a global lockdown, camphor market may continue to witness high demand in the coming years.

Growing awareness about the medical properties of camphor that treat cough-related infections is triggering the use of camphor oil and tablets as a traditional and natural remedy to prevent the coronavirus infection. However, as most of the industrial activities have slowed down, this may be a negative impact on the production of pharma-grade camphor, and this may influence the growth dynamics of the global camphor market in the coming years.

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Camphor Market: Region-wise Analysis

The global market for camphor is divided into seven geographical segments – North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa. The Asia Pacific region is expected to account for a significant revenue share in the global camphor market, mainly accounting for the use of camphor in a variety of traditional medicinal products.

As camphor is among the most commonly used household goods, leading manufacturers are aiming to maintain a healthy demand-supply balance in the Asia Pacific region, in the coming years.

North America is also emerging as a profitable regional market for camphor manufacturers, distributors, and other stakeholders. A mounting number of end-use industries are moving to replacing chemicals with camphor to avail its natural, medicinal properties, in order to sync with the consumer demand for ‘all natural’ products.

As a result, leading players in the global camphor market will witness a burgeoning demand from the end-use industries situated in the North American region, in the foreseeable future.

Camphor Market: Competitive Landscape

  • Beijing Herbal Health Biotech LLC,
  • Taiwan Tekho Camphor Co., Ltd
  • Indukern Internacional
  • Saptagir Camphor Ltd.
  • Camphor and Allied Products ltd.
  • Hunan Nutramax Inc.

The global camphor market witnesses intense competition, while leading players are aiming to gain a competitive edge by introducing a price differentiation. This makes it a price sensitive market, leaving very little or no scope for market players to introduce product differentiation.

Furthermore, being highly fragmented in nature, the global market for camphor market is likely to witness a significant stronghold of regional manufacturers, as they leverage on the benefits of low capital investments.

Leading players are likely to introduce their own end products using camphor to stay ahead of the curve, and this will emerge as a prominent strategy of growth among a majority of market players in the coming years.

Palm Organix Company (Palm Organix™) – a New York-based leading player in the vitamins & supplements industry – announced in September 2019, that it will be introducing its new line of skincare products – ‘Zero THC CBD Lotion w/ Camphor’.

The line includes products with Phytocannabinoid-Rich Hemp Oil with Camphor and other essential oils, such as camphor oil, to create a light fresh CBD lotion.

In June 2019, Mother Sparsh – an Indian manufacturer of plant-based, natural and eco-friendly baby care products – announced that it has launched a natural insect repellent product which is made of camphor oil and other pure natural ingredients such as eucalyptus oil, lemongrass oil, and citronella oil.

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These incidences of skincare products being launched by market players further amplifies the profitability of camphor oil in various end-use industries.

Region-wise Analysis

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)
  • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

Camphor Market: Segment Analysis

The camphor market can be segmented on the basis of the following:

By Form

  • Oil
  • Tablets
  • Powder

By End-use Industry

  • Agriculture
  • Pharmaceuticals
  • Food & Beverage
  • Chemicals
  • 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.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Trichloroisocyanuric Acid Market is likely to register a CAGR of 4% during the forecast period, 2032

Trichloroisocyanuric acid is a type of organic chemical compound with the chemical formula C3Cl3N3O3. The physical appearance of trichloroisocyanuric acid is white crystalline solid and it has a strong pungent odor. Moreover, trichloroisocyanuric acid can cause a fire when it comes into contact with a flammable substance. Trichloroisocyanuric acid can be synthesized from cyanuric acid via reaction with sodium hydroxide and chlorine gas. Trichloroisocyanuric acid may be incompatible with water, acids, reducing agents and strong oxidizing agents as well as it might be decomposed in contact with moisture.

Furthermore, trichloroisocyanuric acid is widely used as a bleaching agent, industrial disinfectants, and a reagent in the organic synthesis in the multitudinous industries such as water and wastewater treatment, textile, and agriculture, among others. Trichloroisocyanuric acid is marketed in the form of a tablet, powder, and granular material. Salts of trichloroisocyanuric acid is entitled as trichloroisocyanurates

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Trichloroisocyanuric Acid Market: Dynamics 

Trichloroisocyanuric Acid Market Drivers:

  • Increasing Demand for Trichloroisocyanuric Acid from Water Treatment Application:
    • Water and wastewater treatment is a major driving factor for the trichloroisocyanuric acid market across the globe. Globally, trichloroisocyanuric acid predominantly used as a disinfectant in the civil sanitation for spas and pools, wastewater treatment, as an algaecide for recycled water. Trichloroisocyanuric acid is easy to handle than chlorine gas and such factor make it more compatible for swimming pools. Trichloroisocyanuric acid is dissolved slowly, but it reacts with the cyanuric acid concentration present in the swimming pool will be dissolved easily. The numerous advantages of trichloroisocyanuric acid in water treatment is expected to lay a strong platform for robust market growth in the upcoming years.
  • Growing Demand for Trichloroisocyanuric Acid from numerous end-use industries:
    • Growing demand for trichloroisocyanuric acid across various industries such as agriculture and horticulture, textile, and dye among others are expected to boost the market growth during the forecast period. Trichloroisocyanuric Acid is used as bleaching agent in the textile industry and as a disinfectant for preventing and curing diseases in fisheries and animal husbandry, and vegetable & fruit preservation. In the agriculture and horticulture industry, trichloroisocyanuric acid is used for seeds treatment.

Trichloroisocyanuric Acid Market Restraints:

  • Presence of alternatives and impact of regulations:
    • The presence of alternative chemical compound to trichloroisocyanuric acid and impact of stringent regulations in the water treatment are anticipated to hampering the market growth during the forecast period

Trichloroisocyanuric Acid Market: Regional outlook

Around the world, several diseases are caused by drinking and using contaminated water. For this, numerous technologies and chemicals are developed for water treatment in which one of them is trichloroisocyanuric acid chemical compound. From the regional perspective, the Asia Pacific is one of the most lucrative region in the global trichloroisocyanuric acid market and is projected to witness prominent growth during the forecast period. Intensifying demand for safe and treated water across the Asia Pacific region for constraining diseases that is innate from polluted water.

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Such factor is expected to significantly driving the trichloroisocyanuric acid market growth during the forecast period. Moreover, the positive impact of various regulations and standards regarding safe water infrastructure and system across North America and European region are also projected to lay a strong base for trichloroisocyanuric acid market growth in the upcoming years. The Middle East and Africa and Latin America are projected to witness robust growth in the global trichloroisocyanuric acid market during the forecast period. Owing to the constructive scenario of end-use industries including agriculture, water treatment, etc.

Trichloroisocyanuric Acid Market: Market participants

Some of the key market participants are engaged in the global trichloroisocyanuric acid market are:

  • The Monsanto Company
  • FMC Corporation
  • Occidental Chemical Corporation
  • Zeel Products
  • Hebei Jiheng Chemistry Co.,Ltd.
  • ICL Industrial Products
  • Nanning Chemical Group Limited Company
  • Sinopec
  • IMPEX BED
  • Shikoku Chemicals Corporation
  • Nippon Soda
  • Nissan Chemical Industries, Ltd.
  • Ercros SA
  • Nankai Chemical Co., Ltd.

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

The report covers exhaustive analysis on:

  • Trichloroisocyanuric Acid Market Segments
  • Trichloroisocyanuric Acid Market Dynamics
  • Trichloroisocyanuric Acid Market Size
  • Trichloroisocyanuric Acid Supply & Demand
  • Trichloroisocyanuric Acid Current Trends/Issues/Challenges
  • Trichloroisocyanuric Acid Competition & Companies involved
  • Trichloroisocyanuric Acid 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 factors on market segments and geographies.

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Trichloroisocyanuric Acid Market: Segmentation

Global Trichloroisocyanuric Acid market can be segmented on the basis of form, application, end-use industry, and region

Based on the form, the trichloroisocyanuric acid market is segmented into:

  • Powder
  • Granular
  • Tablet

Based on application, the trichloroisocyanuric acid market is segmented into:

  • Bleaching Agent
  • Disinfectant
  • Algaecide and Bactericide
  • Sericulture & Aquaculture
  • Others

On the basis of end-use industry, the trichloroisocyanuric acid market is segmented into:

  • Water and Wastewater Treatment
  • Food
  • Sports and Recreation
  • Textile
  • Dye Industry
  • Agriculture
  • Others

Report Highlights:

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

About FMI

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Shape Memory Alloy Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2022-2030

The global shape memory alloy market is slated to grow at a tremendous rate over the forecast period, 2020-2030. Shape memory alloys (SMA) are commonplace in several end-use industries including, consumer electronics, biomedical, and aerospace & defense, given their umpteen benefits of shape memory effect, pseudo elasticity, and high damping properties.

While market players continue to capitalize on the biomedical industry, they are uncovering new revenue streams in the automotive industry.

Shape Memory Alloy – Eminent Component in Various Industries

The biomedical sector is slated to be the key revenue generator in the shape memory alloy market, attributable to exceptional computer tomography compatibility and biocompatibility SMAs. Such benefits of shape memory alloys are broadening their adoption in minimal invasive techniques, fracture treatments, treatment of cerebral aneurysms, and orthodontic treatment.

Moving ahead, shape memory alloys are majorly used for wing morphing in planes in the aerospace industry. Greater emphasis on reliability and multi-functionality in the end-use industry is propelling the demand for active materials. Temperature sensitivity of SMAs make them ideal for aerospace use cases.

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Distinctive thermo-mechanical feature of shape memory alloys are enabling their application in civil constructions. These alloys are used for retrofitting of existent deficient bridges. Coupled with sensors, SMAs are used to construct reinforced concrete bridges.

Consumers’ demand for better performance, safety, and safety in automobiles is paving for development of advanced sensors, actuators, and microcontrollers in the automotive sector. Rising preference for shape memory effect over conventional actuators – hydraulic and pneumatic systems – from automotive industry is pushing the sales of shape memory alloys.

Shape Memory Alloy Market – Growth Restraints

While the shape memory alloy market has been making significant strides, high initial costs of these alloys are restricting their adoption. Complex motion control and thermo-mechanical properties of shape memory alloys are limiting their usage to large-scale companies. Further, poor fatigue and low operational speed are among the major challenges for market players.

Impact of COVID-19 Pandemic on Shape Memory Alloy Market

The COVID-19 pandemic is adversely impacting the shape memory alloys market. Demand from various end-use sectors has reduced, hence causing a downfall in sales of shape memory alloys. Reduced traveling amidst pandemic-induced restrictions is leading to lesser maintenance requirement as well declining demand for spare parts.

This is indirectly impacting the sales of shape memory alloys, particularly in the aviation sector.

Construction activities have come to a standstill in several countries, worldwide, due to unavailability of labor and raw materials amid the pandemic. This, in turn, is dampening the demand for shape memory alloys in construction sector.

That said, governments have moved their focus from developing infrastructure to fulfilling basic human needs, which pull up the demand of shape memory alloys from the civil construction companies.

Moreover, the healthcare sector is emerging as a bright spot in the shape memory alloy market amid the pandemic. Case in point, staffs and students of IIT-Indore have developed optical thermal sensor using shape memory alloy. This device is fitted in patient’s fabric and temperature is further monitored without physical contact.

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Regional Analysis of Shape Memory Alloy Market

North America continues to hold prominent share in shape memory alloy market.  The biomedical, automotive and aerospace sectors in the developed region account for major chunk of shape memory alloy demand. Further, the International Trade Administration (ITA) suggests that the US is the largest consumer of medical devices.

Moving forward, Asia Pacific (APAC) is anticipated to offer white spaces of growth to shape memory alloy manufacturers in the coming years. Growth in automotive sector and abundance of raw materials are pushing the demand for shape memory alloys in the region.

While Japan alone produced 8.5 million passenger cars in 2019, China surpassed 21 million mark in car production in the same year. This surging production of vehicles in APAC is attracting huge attention of shape memory alloy manufacturers.

Shape Memory Alloy Market – Competitive Landscape

The key focus of market players is consistent innovation and new product development. For instance, SAES Group has employed around 17% of its manpower specifically for R&D activities.

In addition, players are entering into collaborations to uphold their hegemony in marketplace. NASA’s Glen research institute has partnered with Boeing to incorporate shape memory alloys in deployable vortex generators (VGs). Subsequent developments with shape memory alloys result in smart VGs, which move in case of changes in external environment.

  • Memory-Metalle GmbH
  • TiNi Alloy Co.
  • Ultimate NiTi Technologies Inc.
  • Fort Wayne Metals Inc.
  • Metalwerks PMD Inc.
  • Endosmart GmbH.

Region

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)
  • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

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Shape Memory Alloy Market – Segmentation

Shape memory market can be segmented on the basis of following,

By Type

  •  Nitinol
  • Cu-Zn-Al-Ni
  • Cu-Al-Ni
  •  Iron-Magnese-Silicon
  • Nickel-Aluminium
  • Nickel-Titanium
  • Others

By Effect

  • One way
  • Two-Way

By Function

  • Pseudoelasticity
  • Constrained Recovery
  • Free Recovery
  • Actuation Recovery

By Application

  • Motor and Actuators
  • Transducer
  • Structural Material
  • Sensors
  • Others

By End-use

  • Biomedical
  • Automotive
  • Aerospace & Defense
  • Consumer Electronics & Household
  • 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.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
LinkedIn| Twitter| Blogs