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Synthetic rubber type is likely to gain popularity in industrial rubber market and surging automotive sector is expected to drive the sales of this product. Demand for light-weight vehicles, fuel-efficiency and environment-friendly automotive components has been influencing automotive industry in adopting eco-friendly industrial rubber.

Rapidly increasing demand from building and construction coupled with automotive industries in Asia-Pacific acts as an important growth driver for industrial rubber market during the forecast period. Asia-pacific holds comparatively higher number of automotive manufacturing plants across the globe and has been witnessing significant rise in infrastructural developments.

Automotive market is anticipated to take the lead in industrial rubber market over the forecast period owing to rapid growth in automotive and automobile component production in emerging nations such as South Korea, China and India along with other South-Asian countries. China is witnessed as the major contributor in Asia-Pacific industrial rubber market. Furthermore, growing industrial production capabilities in China as well as rising investments in automotive industry of Indonesia, Thailand and India have been projected to drive the growth of Asia-Pacific industrial rubber market. Constant increase in tire production companies in Asia-Pacific is expected to further support the growth of industrial rubber market in the region.

Industrial equipment and machinery sector is likely to generate extensive incremental opportunity for industrial rubber market in the near future owing to rising usage of the industrial rubber in the conveyor belts. Industrial rubber products is likely to gain significant traction across construction and agriculture machinery as well.

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Industrial Rubber Market: Region-wise Outlook

The global industrial rubber market is expected to register a double-digit CAGR for the forecast period. Depending on geographic regions, global industrial rubber market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. As of 2015, North America dominated the global industrial rubber market in terms of market revenue followed by Europe. Asia Pacific & Japan are projected to expand at a substantial growth and will contribute to the global industrial rubber market value exhibiting a robust CAGR during the forecast period, 2015?2025.

Industrial Rubber Market: Key Players         

Some of the key market participants in global industrial rubber market are Goodyear Tire and Rubber Company, Greenville Industrial Rubber & Gasket Co, Industrial Rubber & Gasket Inc, Continental AG, Bridgestone Corp, Yokohama Rubber Company Ltd, Toyo Tire and Rubber 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 categories such as market segments, geographies, types and applications.

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Industrial Rubber Market: Segmentation

The global industrial rubber market is broadly classified on the basis of product type, market and geographies.

Based on product type, the global industrial rubber market is segmented into:

• Gaskets
• Hoses
• Conveyor belts
• Sealing products
• Footwear

Based on market, the global industrial rubber market is segmented into:

• Construction
• Manufacturing
• Aerospace
• Automotive

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, S. Africa, N. Africa)

Rapidly growing automotive sector in developing economies and increased demand for high-performance tires, sealing products, and tire adhesive are expected to contribute to the growth of the global industrial rubber market. As on date, Asia Pacific is the largest producer and consumer of industrial rubber, with its tire sector exhibiting promising growth rate. Manufacturers have shifted their production facilities to emerging economies, due to the low labor and operating costs.

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

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Diethyl phthalate is a diethyl ester of phthalic acid and is a chemical compound belonging to the phthalate ester family. Diethyl phthalate is clear colorless liquid which is marginally denser than water. Diethyl phthalate has low volatility. Diethyl phthalate is also known as solvanol or phthalol in industry. Generally diethyl phthalate is synthesized by either Ald-Ox process, or by Oxo process.

Diethyl phthalate can also be produced by reacting phthalic anhydride with ethanol in the presence of concentrated sulfuric acid which acts as a catalyst. The purity of diethyl phthalate generally ranges from 98% to 99.5%.  Diethyl phthalate is used as a plasticizer for increasing the flexibility of plastics.

Diethyl phthalate has found its application as a plasticizer in the manufacturing of automobile parts, packaging films, plastic films, tools etc. Diethyl phthalate is used as a suitable solvent for various organic compounds. Diethyl phthalate is used as a binder in different types of cosmetics and fragrances.

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Diethyl phthalate is also used in the formulation of bathing soaps, toiletries, aftershave lotions and skin care products. Diethyl phthalate is used as component in insecticides and mosquito repellent sprays. It can also be used as a plasticizer for solid rocket propellants.

Diethyl phthalate has also found its application as coating ingredient in aspirin and as a diluent in polysulfide dental impression materials. Diethyl phthalate is considered as a compound with acute toxicity, owing to which there are number of exposure regulations on diethyl phthalate.

Global Diethyl Phthalate Market: Dynamics

Significant growth in urban population and increased consumer spending capabilities coupled with increased youth inclination towards styling and grooming has escalated the demand for cosmetics and personal care products. Increasing consumption of cosmetics and personal products is estimated as a key driving factor responsible for the growth of global diethyl market.

Rise in population has increased the need for modern day agricultural cultivation with better yield. Adoption of modern day agricultural techniques has increased the demand for agrochemicals, which is projected to have positive impact on diethyl phthalate market. Plastics & polymers play a crucial role in the industrial world, thus increased demand for plastics & polymers is expected to bolster the demand for diethyl phthalate.

In the recent years packaging industry has witnessed significant growth and is expected to witness upward trend in the forthcoming period. Growth of packaging industry will propel the demand for diethyl phthalate in the upcoming years. Increasing number of regulations due to the toxicity of diethyl phthalate and its harmful effect on the human reproductive systems can be attributed as restraining factor for diethyl phthalate market growth.

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Global Diethyl Phthalate Market: Regional Outlook

Swift growth of population coupled with rising consumer spending capabilities especially in countries such as China and India is estimated to drive the growth of personal care and cosmetics industry. Apart from it increasing inclination towards styling & grooming has elevated sales of cosmetics and personal care products in the Asia Pacific region.

Along with the aforementioned factors and growth of agrochemicals, packaging and plastics & polymers industries is estimated to make Asia Pacific a prominent market for diethyl phthalate. Regions such as Europe & North America can be attributed as a potential markets for diethyl phthalates owing to the rising demand of personal care products.

However increasing regulations might slowdown the market growth in these regions. Significant growth of cosmetics & personal care industry due increased consumption in regions such as Latin America and Middle & Africa, makes LAMEA a promising market for diethyl phthalate.

Global Diethyl Phthalate Market: Key Market Participants

Examples of some of the market participants operating in the global diethyl phthalate market are:

Merck KGaA, Tokyo Chemical Industry Co., Ltd., Thirumalai Chemicals Ltd., Eastman Chemical Company, Oaisis Alcohol India Pvt. Ltd., Shandong Zhonglan Chemical Co., Ltd., Jiangsu Kedi New Material Co., Ltd., Shanghai Ruizheng Chemical Technology Co., Ltd., ChemFine International Co., Ltd., Wuhan Jayusion Pharmaceutical Technology Co., Ltd. and Gihi Chemicals Co., Ltd. among others.

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

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

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Global Diethyl Phthalate Market: Segmentation

The global diethyl phthalate market is segmented can be segmented on the basis of grade, application and end use:

The global diethyl phthalate market is segmented on the basis of its grade:

• High Purity (≤99%)
• Ultra High Purity (≥99.5%)

The global diethyl phthalate market is segmented on the basis of its application:

• Binder
• Plasticizer
• Solvent
• Cosmetic Ingredient

The global diethyl phthalate market is segmented on the basis of its end use:

• Cosmetics & Personal Care
• Agrochemicals
• Plastic & Polymers
• Surfactants
• Packaging

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Between 2022 and 2032, the global hydraulic cylinder market is expected to grow at a moderate CAGR of 4.2 %, reaching nearly US$ 22.3 billion by 2032, up from US$ 14.2 billion in 2021. Increased spending on infrastructure development and natural resource mining is expected to be the primary factor driving hydraulic cylinder market sales.

Growing technical improvements in the hydraulic industry are driving the global market. Integrating hydraulic cylinders with technology for improved functionality, accuracy, and command in diverse applications is projected to be a key contributor to the hydraulic cylinder market growth.

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For a wide range of construction equipment, modern hydraulic cylinder technologies include multi-stage and sophisticated linear telescopic cylinders and rotary actuators. In the anticipated timeframe, the worldwide construction sector is expected to rise by 85 per cent to USD 8 trillion, resulting in increased global hydraulic cylinder market demand.

Key Takeaways

• The mobile application of hydraulic cylinders is expected to grow by more than 4%. Product demand is expected to be driven by increased expenditure in the chemical industry to meet the demand for linear motion.
• As per the global hydraulic cylinder market study, the tie rod hydraulic cylinder industry is projected to have grown by more than 4%. Increasing the use of agricultural equipment for farming in order to increase production capacity in order to keep up with the rising population rate may boost industrial dynamics.
• The single-acting hydraulic cylinder industry is anticipated to have grown by more than 4%. The installation of these items will be driven by the growing need for material handling equipment in the food and beverage industry to produce linear motion for conveyor belts and assembly lines.
• China and the United States are two markets with strong CAGRs. By 2031, North America and East Asia are expected to have a combined market share of roughly 35%.

• Over the projection period, demand for hydraulic cylinders in India is expected to grow at a nearly 7% CAGR. The market is reinforced by ongoing and planned industrial and infrastructure developments around the country, which are mostly financed by the government.

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Key Segments

By Function:

• Single-Acting
• Double-Acting

By Specification:

• Welded
• Tie Rod
• Telescopic
• Mill Type

By Application:

• Industrial
• Mobile

By Bore Size:

• < 50 MM
• 50 MM to 150 MM
• > 150 MM

By Industry:

• Construction
• Aerospace
• Material Handling
• Automotive
• Mining
• Marine
• Oil & Gas
• Others

By Region:

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

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Competitive Landscape

Aggressive Inc., Eaton Corporation PLC, Texas Inc, Bosch Rexroth AG, Enerpac Corp., Best Metal Products, Prince Manufacturing Corporation, Caterpillar Inc., Hyco International, Inc, Hydrosila, Pacoma GmbH, Parker-Hannifin Corporation, Weber-Hydraulik Group, Norrhydro Oy, Wipro Infrastructure Engineering, and others are among the leading players in the hydraulic cylinder market.

The increased supply for heavy construction and mining equipment from the construction, mining, and oil gas industries is largely responsible for the market’s rise. The increasing usage of material handling equipment across sectors throughout the world primary driver of the hydraulic cylinder market expansion.

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Ammonium dichromate is a chemical compound, having chemical formulae- (NH4)2Cr2O7 and mainly utilized in the fire explosive compounds. When ammonium dichromate is heated, it burns with the appearance of the volcano due to its ignition property. Alternative names of ammonium dichromate are vesuvian fire, ammonium bichromate, and ammonium pyrochromate, others.

In terms of appearance, ammonium dichromate is an orange-red crystalline compound. It is an irritant chemical, poisonous, and thermodynamically unstable compound. Ammonium dichromate has a number of regulations for its end-use application due to its toxic nature.

However, it has a sound demand in various applications such as pyrotechnics, photography, and lithography, dyeing pigments, oil purification, production of chrome alum, alizarin and leather tanning, and among other applications

Furthermore, end-use industries for ammonium dichromate, such as textiles, printing inks, among others, are likely to register steady growth during the forecast period (2018-2028). Also, there has been tremendous growth in the colorant market in recent times, which includes dyes & pigments, owing to the large middle-class population in emerging economies.

Factors, such as growing consumer spending and growing preference towards the use of varied colors, is also anticipated to impact the ammonium dichromate market

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However, ammonium dichromate is generally derived from the refinery operations & petrochemical feedstock. Volatility in prices of feedstock, in turn, will result in hamper the global ammonium dichromate market growth. Ammonium dichromate is more ignited compound and start to decompose exothermally, due to this, is harmful compound for workers.

This properties of ammonium dichromate will show a negative impact on the global market. On another hand, ammonium dichromate is widely utilized in the photography application and the photography is a worldwide trend in recent times. In turn, this factor will impact as a trend for global ammonium dichromate market

Global Ammonium Dichromate Market: Regional Outlook

Geographically, global ammonium dichromate market can be segmented into seven key regions, such as North America, Latin America, Eastern Europe, South East Asia Pacific, Middle East & Africa, Japan, and Western Europe. Increasing urbanization and per capita consumption of chemicals in developing countries like India and China will be act as significant platforms for global ammonium dichromate market.

Brazil and Mexico are prominent countries in the Latin America market with paint & varnish production. In turn, demand of Latin America ammonium dichromate market continues to grow during the forecast period

Further, the acceptance of innovative technologies (Pyrotechnics, lithography, etc.) in developed regions such as North America and Europe will generate the demand for ammonium dichromate in these regions in the upcoming few years.

Global Ammonium Dichromate Market: Market Participants

Global ammonium dichromate market is highly fragmented, have local and international players placed across the world. We identified few key players across the value chain of global ammonium dichromate market which are as: J.T. Baker-A Division of Mallinckrodt Baker, Energy chemical, Service Chemical, Wako Pure Chemical Industries, Fisher Scientific, City Chemical LLC., VWR International, Merck Schuchardt OHG, ALFA AESAR, Alfa Aesar, Kanto Chemical Co., Sinopharm Chemical Reagent Co., Kanto Chemical Co. and among others

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Global Ammonium Dichromate Market: Market Segmentation

On the basis of applications, global ammonium dichromate market can be segmented into five segments such as,

• Pyrotechnics
• Photography
• Lithography
• Dyeing pigments
• Others (oil purification, pure nitrogen library, production of chrome alum, alizarin and leather tanning, etc.)

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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 industrial use of acid proof lining in coating the floor tiles of various manufacturing units is expected to fuel the growth of Germany’s acid proof lining market. The rising necessity of providing durable solutions to industrial infrastructure is observed as a key driver for the growth of the Germany acid proof lining market.

Furthermore, the mounting private equity investments will continue to boost the growth of the Germany acid proof lining market. However, the high costs of veneering industrial surfaces will be a major challenge hampering the demand for expensive yet highly-durable acid proof lining types such as carbon brick coating.

The need for protecting industrial surfaces exposed to corrosive chemicals will continue to influence the demand for acid proof lining in Germany. In 2016, the acid proof lining market in Germany is expected to reach market value of US$ 4,296.2 Mn, at a y-o-y growth of 5.1% over 2015.

The rising incidences of industrial equipment damages owing to the mechanical abrasion is also anticipated to drive the demand for acid proof linings in Germany. On the basis of material-type, the acid proof lining market in Germany will witness the fastest growth in the thermoplastics lining segment.

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In 2015, the thermoplastics lining segment is estimated to have accounted for over 25% of total market share in Germany’s acid proof lining market. By the end of 2016, the share of thermoplastics lining segment is expected to grow at a substantial rate, closing in on the ceramic brick lining market share, which accounted for 34.8% in 2015.

The acid proof lining market in Germany is further segmented on the basis of end-use industries. Owing to the pervasive need of acid proof lining for protection against chemical abrasion, the chemical industries in Germany are expected to dominate the end-user segment with 29.3% market share in 2016.

The water treatment facilities and power generation plants in Germany are also anticipated to fuel the demand for durable acid proof lining. In order to expand the scope of application, the market for acid proof lining in Germany is undergoing reforms that favour manufacturers. Small acid proof lining manufacturers will continue to emerge, owing to the low entry barriers.

The leading companies in Germany’s acid proof lining market will expand their business operations to meet the surging adoption levels of acid proof linings from end-use industrial verticals such as metallurgy, pharmaceuticals, and automotive manufacturing.

The key players of the Germany acid proof lining market include:

AGRU Kunststofftechnik GmbH, Steuler-Kch GmbH, SKO Säureschutz und Kunststoffbau GmbH, GBT-BÜCOLIT GmbH, Christen & Laudon GmbH Kunststoff – Apparatebau, A-SPT Protective Solutions GmbH & Co. KG, Knapper Oberflächentechnik GmbH, Nittel GmbH & Co. KG, , Hurner-Funken GmbH and Simona AG, among others.

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Key Segments Covered

By Material Type:

• Ceramic Brick Lining
• Carbon Brick Lining
• Tile Lining
• Thermoplastics Lining
• Fluoropolymer Lining

By End-use Industry:

• Power Generation
• Chemicals
• Pharmaceuticals
• Petrochemicals
• Metallurgy
• Water Treatment & Processing
• Others (Automotive, etc.)

Long-term Outlook: The Germany acid proof lining market is projected to register a CAGR of 5.9% during the forecast period 2016-2026. In terms of value, the acid proof lining market in Germany will reach US$ 7.605.3 Mn by end of 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 report by Future Market Insights on the textile flooring market includes global industry analysis for 2018–2021 and opportunity assessment for 2022–2029. The report inspects the textile flooring market and provides insightful information for the forecast period of 2022-2029.

As per the conclusion of the report, the global textile flooring market is projected to experience significant growth during the forecast period. Rising consumer confidence, increasing disposable incomes, and intensifying demand for luxury flooring options due to booming residential and commercial sectors are the factors expected to contribute towards the textile flooring market growth in the upcoming years.

The global textile flooring market is estimated to be valued at US$ 190.26 Bn in 2022, and is projected to register robust growth of 6.8% during the period 2022 – 2029. This growth is predominantly driven by the textile industry growth.

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Over the past few years, consumption of textiles and furnishings for homes has witnessed consistent growth, driven by factors such as rising consumer spending on home renovation, accelerating investments in infrastructural development, and rising demand from Asian countries such as India, China, South Korea, and Indonesia.

The study finds that the rapid development in the residential sector across the globe are expected to surge demand for textile flooring for numerous applications in these sectors. Briefly, the global textile flooring market will continue to grow at a CAGR of 6.8% during 2022-2029.

Rising Attractiveness of the Asia Pacific Market

The textile industry in the Asia Pacific region has registered substantial growth in the last few years, owing to rising demand from various end-use industries. Strict quality control, advanced production technologies, and customer & fashion-oriented marketing tactics are several dynamic factors attributing to the current boom in the textile flooring market.

Along with this, competitive price performance ratio compared to other materials is also boosting the market growth. Robust growth in the healthcare sector has led to demand for flooring systems for specific application types. Moreover, increasing popularity of ‘artificial grass’ in outdoor lawns and sports fields is expected to further drive sales of textile flooring in the Asia Pacific region during the forecast period.

Textile Flooring Market: Vendor Insights

The report highlights some of the key market leaders, who are well-established market players and have proven themselves as the prominent shareholders in the global textile flooring market.

Some examples of key players operating in the global textile flooring market are Mohawk Industries, Inc., Interface, Inc., Beaulieu International Group N.V, Tarkett SA, Balts Group, Shaw Industries Group Inc., Forbo Holding AG, Mannington Mills, Inc., J+J Flooring Group, and Vorwerk and Co. KG, among others.

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In terms of market structure and tier analysis, the global market for textile floorings is fragmented with the top 10 players holding a 35%-40% share in the overall market. This is mainly due to the reason that there are a large number of Chinese and other players involved in the manufacturing of textile floorings. Major players in the market are focusing on expansion plans to enhance production capacities and upgrade operations.

Textile Flooring Market By Category

By Material Type :

• Synthetic Textiles
  • Polypropylene
  • PET
  • Acrylic
  • Nylon
• Animal Textiles
  • Wool
  • Fur
• Plant Textiles
  • Grass
  • Sisal

By Product Type :

• Rugs
• Carpets

By Technology :

• Tufting
• Woven
• Needlefelt

By Application :

• Residential
• Commercial
• Others (Industrial, etc.)

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Synthetic Textiles to Experience High Demand in the Market

A healthy growth trajectory is projected for the textile flooring market. In addition, rising use of synthetic textiles in residential sector is likely to result in increased market share over the forecast period.

• Synthetic textiles are widely utilized for the production of textile flooring. Synthetic textiles are projected to register significant growth in the global textile flooring market during the forecast period. Synthetic textile-based flooring is one of the key components of interior refurbishment systems used in residential and commercial spaces.
• Growth of textile flooring based on tufting technology is mainly attributed to the fact that it is the most commonly accepted technology by manufacturers in terms of manufacturing cost, as well as easy installation and ease of use by consumers.

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Driven by adoption of ultra violet (UV) curable polyurethane (PU) dispersion coatings and growing preference for water based formulations, the soft touch polyurethane coatings market is forecast to reach valuation of US$ 6430 million by the end of 2021.

As per newly released data by Future Market Insights (FMI), global sales of overall soft touch polyurethane coatings market enjoyed year-on-year (YoY) growth of 3.50% in 2021 to total 313 kilotons. The sales are expected to grow 1.97X and reach 617 kilotons by the end of 2031, says Future Market Insights.

Soft touch polyurethane coatings are all-rounder in terms of application as they are extensively used in coating automotive and aircraft interior components like arm rest, door trims and front control panels to protect them from constant wear and tear.

Increasing adoption of ABS plastics in making automotive interiors will accelerate the demand for soft touch polyurethane coatings in upcoming years. They also play an integral role in improving overall look and design of consumer electronic devices like mobiles and laptops while simultaneously protecting them from scratches.

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The cover and body of consumer electronics are required to have organoleptic properties. Increased demand for high quality covers has led to an increase in demand for soft touch polyurethane coatings for its properties like resistance to yellowing, scratching, and abrasion.

Key Takeaways from FMI’s Soft Touch Polyurethane Coatings Market Study

• North America soft touch polyurethane coatings market is forecast to expand at 5.10% CAGR during the assessment period owing to rising cases of insect infestation among American household and thriving wood work and furniture industry in U.S. and Canada.
• Europe soft touch polyurethane coatings market will grow at 5.8% CAGR from 2021 to 2031, driven by rising production of automotive interiors made from acrylonitrile butadiene styrene (ABS) and elevated export and production of soft touch polyurethane coatings in the region.
• Japan and South Korea will hold more than 14% of the global market share in 2021, backed by increasing production and demand of electronic components made in these countries and strict regulations regarding control emission of VOCs in these regions.
• Ultraviolet soft touch polyurethane coating segment is expected to grow at more than 8.1% CAGR throughout the forecast period due to its high demand of such coatings in packaging industry due to its chemical inertness and eco-friendly characteristics.
• The transport and automotive segment is predicted to account for more than 37% of global soft touch polyurethane coatings market share due to increasing demand for luxurious and rich look interior among car enthusiasts.

“Rising production of premium electronic products and increasing demand for scratch resistant and drop resistant coatings to protect these products is expected to spur the soft touch polyurethane coatings sales,” says the FMI analyst.

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Soft touch polyurethane coatings are highly effective in protecting wooden items from decaying and pest infestation. 

Stringent government regulations imposed to reduce the emission of volatile organic content (VOC) is prompting the market players to develop environment friendly coatings. In 2019, Environment Protection Agency New England has mandated manufacturing facilities to reduce its VOC emission by making process changes and installing air pollution control equipment’s.

This is expected to bode well with the market growth in upcoming years. Many market players are switching from solvent based coating to producing water based coating as solvent based coatings has high VOC content.  Increasing research and development for sustainable water based coating production while eliminating side reactions will boost the market growth over the forecast period.

Competitive Landscape

Future Market Insights reports that, leading market players are focusing on employing organic and inorganic strategies to expand their market shares and enter new and emerging markets. These strategies include strategic merger and acquisition, partnership, and new product launches.

For instance, in June 2021, AkzoNobel announced to acquire Colombia-based paints and coatings company Grupo Orbis to strengthen its long term market position in South and Central America.  This will allow AkzoNobel to expand its product portfolio and solidify its position as the market leader in the region.

In January 2021, Allnex launched new polyurethane coating “DAOTAN 7061/35WA” especially designed for automotive OEM and vehicle refinish coating segments.

Prominent players operating in the soft touch polyurethane coatings market are:-

• RPM International Inc.
• The Sherwin Williams Company
• PPG Industries Inc.
• Axalta Coating Systems Ltd.
• Jotun AS
• AkzoNobel N.V.
• Aexcel Corporation
• Sokan New Materials.

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More Insights on the Global Soft Touch Polyurethane Coatings Market

In its latest report, FMI offers an unbiased analysis of the global soft touch polyurethane coatings market, providing historical data for the period of 2015-2025 and forecast statistics for the period of 2021-2031.

In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of base type (water-based and solvent-based coatings), product type (2K and ultraviolet polyurethane coatings), end use (transport and automotive, electrical and electronics, wood and furniture, and others (packaging, measuring devices)), across seven major regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan, and Middle East and Africa).

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 pearlescent pigment market is expected to poise an impressive CAGR of 4.0% over the assessment period from 2022 to 2032. The market is projected to garner a total revenue of US$ 3,601.70 Mn by the end of 2022 and is anticipated to surpass US$ 5,331.4 Mn by 2032.

Predominant influence on the market is by certain industrial and innovation factors including growth in automotive, paints and coatings, and plastic industry and investment in product development.  According to the historic evaluations, the pearlescent pigment market witnessed a growth outlook of around 4.2% CAGR over the period between 2015 and 2021.

However, a significant surge has been witnessed in demand for pearlescent pigments, particularly for application in the printing and food packaging industry. Owing to these factors, the demand for the pearlescent pigment market is anticipated to reach US$ 5,331.4 Mn by 2032. Sales in the market are projected to expand by nearly 1.5x over the forecast period (2022-2032).

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On the basis of regional segmentation, the East Asian region is predicted to remain prominent in the consumption of pearlescent pigment. The south Asian market is expected to witness a positive growth outlook, especially in emerging countries like India.

Attributing to the growing applications in various industries including personal care and paints & coatings industries, the global pearlescent pigment market is expected to have higher demand over the years. The global consumption of pearlescent pigment is estimated to be around 6-8% of the overall pigments market.

Key Takeaways

• Owing to the expansion of the automotive industry all over the world, combined with the rising purchasing power, there is a significant surge in the demand for luxury passenger cars in the global landscape. With a surging preference for aesthetically pleasing finishing touches, the automakers are choosing colors that are trending among millennials and Gen-Zs as they are eye pleasing. This is resulting in increased sales of pearlescent pigments in the market.
• As compared to organic pigments, pearlescent pigments are expensive as they are used to attain high luster and a premium finish for luxury cars. Thus, the aforementioned factors are in turn driving demand in the pearlescent pigments market.
• Widespread application of borosilicate glass flake pearlescent pigments in various cosmetics including lip gloss is predicted to bolster growth in the market. The utilization of glass flake pearlescent pigment in lip products is expected to increase significantly over the upcoming decade.
• There are several other applications of glass flake pearlescent pigments in the cosmetics industry, especially for lip, eye, face, nail, and other personal care products that are above the roof. Since these pigments help in moderately diffusing ambient light in order to help reduce the appearance of wrinkles, the demand is in the pearlescent pigment market.
• Owing to the different color index and special mica and metallic pigments utilization, it is expected to lead to the growth of such an extensive variety of pearlescent pigments. In addition to that, the rising application of pearlescent pigments in digital printing for quality of dispersion, viscosity, and consistency is another versatile trend observed in the pearlescent pigments market.
• The packaging industry is expected to strive to meet the increasing demand for high-quality graphics, which in turn is aiding the demand in the pearlescent pigment market. Moreover, synthetic mica, being a substrate material also provides a relatively higher level of transparency and lower impurities as compared to natural mica.

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Competitive Landscape

Prominent players in the market are focusing on surging their manufacturing capacities and are extensively setting up their manufacturing units, sales offices, and distribution channel in emerging economies to boost their sales, especially in emerging economies.

Key participants are also focusing on the acquisition of small and medium-sized manufacturers to enhance their annual turnover. Some of the leading players are also focusing on tailored product offerings as per the specific requirements of the end-use industries.

More Insights into the Pearlescent Pigment Market

According to FMI studies, a significant development in the industrial sector all over the U.S. is expected to result in an upsurge in pearlescent pigment production.

It has been widely adopted in various industries such as automotive, paints, and coatings, and plastic compounding will also spur the demand for pearlescent pigment. Backed by this, the U.S. is estimated to account for around 27% of the global market share.

Demand for pearlescent pigment is predicted to surge in China with a phenomenal CAGR of 6.4% over the projection period. Owing to the significant growth in the construction sector, development in the paints and coatings industry, growth in the plastic industry and significant rise in the automotive industry are the key driving factors in the China pearlescent pigment market.

Pearlescent Pigment Market Segmentation

By Purity Type:

• Natural Pearl Pigment
• Synthetic Pearl Pigment
• Glass Flake Pearl Pigment

By Structure Type:

• Substrate-free
• Monolayer
• Multilayer

By End-use Industry:

• Automotive Paints
• Paints & Coatings
• Personal Care
• Plastic Industry
• Printing
• Others

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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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According to a recent report published by Future Market Insights, sales of egg albumin protein are estimated to reach a valuation of US$ 2.88 Bn by 2032, surging at 7.3% CAGR during the forecast period of 2022 to 2032.

Egg albumin protein is absorbed by the blood and is used to separate proteins. It is expected to gain high popularity across the globe, especially in the sports nutrition sector owing to its ability to boost strength and energy of athletes. It is also considered to be a healer of post-workout muscle damage.

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Increasing demand for egg albumin protein powder in the food processing industry for the manufacturing of pet treats and food is another crucial factor that would drive the market. This type of protein powder helps in delivering numerous nutritional benefits to pets.

Key Takeaways: Egg Albumin Protein Market

• The U.K. egg albumin protein market is expected to reach a valuation of US$ 31.1 Mn by 2022.
• The U.S. is likely to account for nearly 73% of the North America egg albumin protein market share in the next decade.
• In terms of end-use application, the bakery and confectionery segment is expected to generate the lion’s share in the global market.
• By function, the thickening category is expected to create an absolute $ opportunity of US$ 294.3 Mn in 2022.
• Based on flavor type, the regular/unflavored segment is anticipated to reach a valuation of US$ 1.03 Bn by 2022.

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“Increasing utilization of egg albumin protein powder by the bakery and confectionery industry across the globe to provide stability and volume to baked goods is anticipated to augment growth,” says an analyst at Future Market Insights.

Competitive Landscape: Egg Albumin Protein Market

Egg albumin protein powder is produced through hydrolysis process, which reduces the distinctive odor of eggs to a bare minimum. Thus, key companies operating in the personal care sector are using it to manufacture shampoos and conditioners to help nourish the hair and prevent it from drying, as well as damage.

Some of the key players in the egg albumin protein market include:

• Merck KGaA
• HiMedia Laboratories Pvt. Ltd.
• Kewpie Corporation
• Now Health Group
• Rembrandt Foods
• Sanaovo
• Taiyo Kagaku Co. Ltd.
• JW Nutritional LLC
• Rose Acre Farms
• Ovostar
• IGRECA
• Dutch Egg Powder Solutions BV
• Caneggs, Redspoon Company
• Avangardco
• Aqua Lab Technologies and Sainsburys.

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Get More Valuable Insights on Egg Albumin Protein Market

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

The study divulges compelling insights on the egg albumin protein based on flavor type (regular/unflavored and flavored), application (bakery & confectionery, protein & nutritional bars, breakfast cereals, functional beverages, dietary supplements, sports nutrition, infant nutrition, prepared foods, meat analogs, dressings, sauces & spreads, pharmaceutical products, personal care products, dairy & desserts, and others), and function (thickening, leavening, binding, preservatives/antimicrobial, emulsifying, crystallization, and others) across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).

About Food & Beverage Division at Future Market Insights

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

About FMI

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

Contact Us:
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers,
Dubai
​United Arab Emirates
For Sales Queries: sales@futuremarketinsights.com
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