Market Research Blog – Page 9677 – New Product Development

Asphalt Shingles Market: Overview With Geographical Segmentation By Revenue With Forecast

Account for over three-fourth revenue share of the market, re-roofing end market segment is expected to dominate the global asphalt shingles market during 2017 to 2022. However, this end-market segment is projected to register a low CAGR through 2022.

On the other hand, sales of asphalt shingles in new construction end-market segment are expected to register a relatively higher CAGR through 2022. A latest report by Future Market Insights (FMI) has projected the global market to register a low-single digit CAGR throughout the forecast period 2017 to 2022.

However, the market is anticipated to experience a sustained expansion on the back of increasing re-roofing and new construction activities resulting from extreme weather conditions. Global sales of asphalt shingles are expected to reach nearly US$ 10,000 Mn in revenues by 2022-end.

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Extreme Weather Conditions Owing to Global Warming to Fuel Adoption of Asphalt Shingles

Global warming is now being called as climate change, and has been affecting subtropical regions to experience extreme cold weathers and even witness snowfall at times during winters. As some of these regions fall under developing or underdeveloped economies, cost of roofing activities becomes a major concern for the population thriving here.

A wide variety of roofing materials are available across the globe based on performance, structural, economic, and aesthetic requirements. These include cedar shake, slate, clay tiles and metal. However, asphalt shingles provide enough aesthetic appeal, along with adequate protection at just a small fraction of the amount invested for other roofing materials.

Moreover, asphalt shingles are cost-effective and are able to easily get replaced when damaged. Demand for asphalt shingles will therefore gain traction, with spending on residential building construction expected to witness a surge in the near future.

Fiberglass to Remain Most Attractive Composition of Asphalt Shingles

Fiberglass and organic are two composition types of asphalt shingles available in the global market. While organic asphalt shingles are comparatively more durable than fiberglass, they are more flammable, therefore highly prone to fire. In addition, they are less eco-friendly owing to relatively higher asphalt content.

Fiberglass shingles provide excellent fire resistance, making them to gradually replace the organic shingles for roofing activities. Fiberglass is expected to remain the most attractive composition of asphalt shingles, with sales estimated to account for approximately US$ 8,000 Mn by 2022-end.

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Laminates to Remain Sought-After among Products in the Market

Laminates asphalt shingles are expected to remain sought-after among products in the market, and their sales are projected to hold over half revenue share of the market. High demand for laminates asphalt shingles can be highly attributed to increased attraction towards roofing materials with high wind resistance, impact resistance, and protection from degradation owing to exposure to elements.

In addition, sales of strip asphalt shingles are expected to exhibit the highest CAGR in the market through 2022, based on product type. Although North America is anticipated to remain the largest market for asphalt shingles, Asia-Pacific excluding Japan (APEJ) is projected to register a relatively faster expansion through 2022. Middle East & Africa (MEA) and Japan are expected to remain the least lucrative markets for asphalt shingles over the forecast period.

Manufacturers Shifting Focus toward Enhancing their Brand Reputation

Leading manufacturers of asphalt shingles are focusing their shift toward enhancing their brand reputation by offering wide range of products, and higher quality standards as compared to other competitors in the market. Key players in the market are adopting business strategies to come up with advanced & sophisticated product development techniques.

They are also concentrating on development of an established manufacturing process, and in-depth understanding of market and customers. Key market players listed in FMI’s report Include Atlas Roofing Corporation, Polyglass U.S.A., Inc., Tarco, Inc., TAMKO Building Products, Inc., Siplast, Inc., IKO Industries, Ltd., Malarkey Roofing Products, Henry Company LLC, Certain Teed Corporation, and Owens Corning.

Product Type

Heavy Laminates
Laminates
Strip

Composition

Fiberglass Asphalt Shingles
Organic Asphalt Shingles

End Market

New Construction
Re-roofing

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Market Taxonomy

The report also includes chapters comprising a segmentation-wise forecast and analysis on the global asphalt shingles market. The global market for asphalt shingles is segmented based on product, end market, composition, and region.

Along with the segmentation analysis offered, the report also renders country-specific analysis & forecast, and the cross-sectional data concerning the market. The details regarding taxonomy of the global asphalt shingles market have been portrayed in the table below.

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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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Synthetic Leather Market is Estimated to Register a Strong CAGR of 6.0% CAGR from 2022 to 2032

A recently published study by FMI expects the global synthetic leather market to augment at a 6% CAGR from 2022 to 2032. By the end of the said assessment period, a valuation of US$ 50 Billion is expected for the market. From 2017 to 2021, the industry experienced noteworthy growth, registering a value CAGR of 1% and closing at US$ 26.34 Billion.

Manufacturing, innovation and use of synthetic leather is undergoing several changes. This has led to the rapid adoption of synthetic leather in various end user industries. Although the COVID-19 pandemic affected the sales of synthetic leather, post-pandemic, the sales of the same have increased owing to its various properties. Manufacturers are now making synthetic leather made of environmentally friendly materials.

Furthermore, key players in the synthetic leather market are launching products that make wide use of synthetic leathers, thus, increasing use of the same. The use of synthetic leather in automotive, consumer electronic and fashion industries is propelling the sales of the same. This, in turn, is contributing to the growth of the market.

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Key Takeaways from the Market Study

By material type, polyurethane (PU) synthetic leather is expected to possess 40% market share for synthetic leather market in 2022.
Italy is expected to hold nearly 30% market share for synthetic leather market in 2022.
India is expected to possess 25% market share for synthetic leather market in 2022
S. is expected to hold 35% market share for synthetic leather market in 2022
Japan is expected to procure 33% market share for synthetic leather market in 2022.

“The synthetic leather industry is undergoing a drastic change. Innovations in manufacturing sustainable leather along with making it durable is increasing the usage of the same.” states an FMI analyst.

Market Competition

FMI has identified Asahi Kasei, Nan Ya Plastics Corporation, Toray Industries, Teijin Limited, Kuraray Co., Ltd., Daewon Chemical Co Ltd., Kolon Industries Inc., Achilles Corp, and Mayur Uniquoters as leading players in synthetic leather market. They collectively account for more than 30% of global market share as of 2022.

Bucha Bio launched plant based leather which is completely made in laboratory in July 2021, in an attempt to push the envelope towards introducing a sustainable leather alternative that can be used for shoes, clothing, accessories and more.
In June 2021, Gucci launched its brand new range of footwear made from bio-based synthetic leather derived from wood pulp.

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Key Segments Profiled In The Synthetic Leather Market Industry Survey

Synthetic Leather by Material Type:

Polyvinyl Chloride
Polyurethane
Bio Based

Synthetic Leather by Application:

Synthetic Leather for Footwear
Synthetic Leather for Furnishing
Synthetic Leather for Automotive
Synthetic Leather for Clothing
Synthetic Leather for Bags
Synthetic Leather for Sports
Synthetic Leather for Electronics

More Insights Available

FMI, in its new offering, presents an unbiased analysis of the global synthetic leather market, presenting historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

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The study reveals essential insights on the basis of Material Type (Polyvinyl Chloride, Polyurethane, Bio Based), by Application (Footwear, Furnishing, Automotive, Clothing, Bags, Sports, Electronics) across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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Coil Coatings Market is Projected to Reach the Valuation of US$ 6.8 Billion in 2029 | Exclusive Report by FMI

A new market study by Future Market Insights on the global coil coatings market, evaluates key industry trends for the historical period 2014–2021 and forecasts the coil coatings market growth for the 2022–2029 period. The global coil coatings market value at US$ 5.0 Bn in 2022, and is projected to grow at a moderate CAGR of 4.7% during the estimated period of 2022-2029.

The report covers latest market dynamics, trends, macroeconomic factors, key success factors, industry value chain, forecast factors, opportunity assessment, incremental $ opportunity and competition analysis of all the major manufacturers involved in the coil coatings market.

Topcoats remain highly preferred among end-use industries, especially in construction sectors, as compared to primers and backing coats. Topcoats are used to provide color and gloss along with mechanical, chemical, and UV resistance to finished coils, and hence are widely adopted across the globe.

As per the findings of the study, the global coil coatings market is expected to witness moderate growth in terms of CAGR over the forecast period due to the recovering construction industry and growing investments driving number of new infrastructure projects.

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Aesthetic Properties of Coated Metal Sheet to Uphold the Market Growth

Development of new and innovative products will continue to have a tremendous impact on the industry and play an important role to promoting the coil coatings market growth in near future. Coil coated metal sheets provide architects with large number of design possibilities, while also allowing them to play with various colors, shapes, effects, and textures.

A steady stream of newly developed coatings, such as heat absorbing, heat reflecting, dirt-shedding, self-cleaning, etc. are finding their way into exterior building applications. These new functional coil coatings are a result of the environmental aspect being a strong factor in coil coatings’ development.

Emergence of Low-cost Products to Limit Coil Coatings Market Growth

Growing demand for high performance and low cost coil coatings is expected to be a restraining factor in the overall coil coatings market growth. These days, cheap pre-coated aluminium and steel coils are increasingly being imported, particularly from Asia Pacific.

Unfortunately, the quality and performance of these products are lower than that of European standards. However, it is unlikely to impact the end users, as white cladding, irrespective of its durability, is widely preferred.

Coil Coatings Market: Vendor Insights

The global coil coatings market is fairly consolidated, with the top four players – Akzo Nobel N.V., PPG Industries Inc., Valspar Corporation and Beckers Group – holding ~60% market share. This is mainly attributed to the fact that the major players are availed with better equipment and technology for the manufacturing of coil coatings.

On the other hand, tier-2 and other players have limited global reach and manufacturing capabilities. These players’ main focus is the local clientele and to have a significant presence in their respective regional markets. Manufacturers are also focusing on mergers and consolidations of business to improve their product portfolio and market presence.

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Some of the key developments in the coil coatings market are:

In 2021, BlueScope’s U.S. coil coatings and roll forming assets entered into a joint venture with the Tokyo-based steel manufacturing company Nippon Steel.
In 2014, PPG Industries, Inc. introduced DURASTAR ULTRA-COOL coatings, which enhances the aesthetic and also extends the life of panels, siding, and other components.

Coil Coatings Market By Category

Material Type :

Polyester
Epoxy
PVC
Plastisols
Acrylic
Polyurethane
PVDF
Silicone

End Use :

Construction
Transportation
HVAC
Metal Furniture
Others

Product Type :

Topcoats
Primers
Backing Coats
Others

Application :

Steel
Aluminum

How Is The Oil And Gas Industry Pushing Sales In The Coil Coatings Market?

The ever-increasing demand for oil and gas resources across the globe is a chief factor expected to propel the market in the forthcoming years. Rising utilization of alloys and metals, especially steel in reactors, pipelines, and structures in the oil and gas industry is estimated to boost the market.

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Most of the steel products required in oil and gas plants worldwide need coil coating paint before these are utilized for various applications. Rising extraction of oil and gas in untapped regions is another factor that is likely to aid growth.

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Specialty Paper Market is Estimated to Register a Strong 5.1% CAGR Between 2022-2032 | Exclusive Report by FMI

According to a Future Market Insights (FMI) report, the Specialty paper market is expected to surpass US$ 14.9 Bn in 2021, at a CAGR of 5.1% between 2021 and 2031. Specialty paper is used in packaging, printing and writing, and building and construction sectors.

Their increasing application across diverse sectors can be attributed their moisture resistance, low-weight, waterproofing, cost-effective, and customizable characteristics. Specialty paper is available as décor paper, kraft paper, thermal paper, and carbonless paper. Of these, its application for décor purposes accounts for maximum sales in the market.

Also, specialty paper is non-reactant in nature which is suitable for food and beverage packaging. In the past few years, specialty paper has gained immense popularity as it provides better aesthetics. The report foresees ample opportunities for manufacturers in the near future due to the rise in usage of the specialty paper in various sectors.

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The expansion of the E-commerce industry means a rise in demand for packaging materials to ship products across the world. Specialty paper offers a wide range of packaging solutions to the e-commerce industry and to its logistics partners. Spurred by this, the demand for specialty papers is expected to surge in the near future.

Paper sourced from wood and wood pulp is considered to be environmentally-friendly, in comparison to plastic, which takes a longer period to decompose. Presence of untapped markets can provide lucrative opportunities for market players, especially those extending biodegradable offerings.

Key Takeaways from Specialty Paper Market

Décor paper is estimated to hold nearly 2/5^th value share in the global market in 2021 and expected to expand by 240 bps by 2031 owing to increasing use in building and construction sector.
Kraft paper demand is expected to grow at 6.5% CAGR during 2021-2031. Increasing demand for sustainable bags and pouches will drive growth in the segment.
The U.S. will hold the lead in North America, accounting for more than 6 times the value share of Canada in 2021.
Germany, driven by the presence of leading market players will account for more than 22% of the Europe market will hold the lead in 2021.
Strong growth in the automotive and construction sectors will drive the China market, which is expected to account for more than 71% of the East Asia market value share by 2031.

“Specialty papers sales are surging on the back of rising application in the packaging industry. Focus on offering attractive packaging without hampering product quality will fuel demand for specialty papers. Their application also is expected to surge as a non-reactant material,” said a FMI analyst.

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Impact of COVID-19 on the Specialty Paper Market

The specialty paper market has been negatively impacted as sales slumped amid the COVID-19 pandemic. This can be attributed to restrictions imposed on operation and production activity in various end-use industries which directly affected market growth.

Disruptions in logistics and supply chains hampered market growth. The building and construction sector was also impacted by COVID-19 which contributed to the adverse impact on specialty paper.

Since the beginning of 2021, players operating in specialty paper market have tried to push sales by increasing production capacity while offering innovative products. Overall, the market for specialty paper is expected to rise at a faster pace during the latter part of 2021.

Who is Winning?

Tier 3 players in the specialty papers market hold 60-70% of the global value share. Global leaders in turn contribute to around 30-40% of the global market.

International Paper Co., Oji Holdings Corp., and UPM-Kymmene Oyj are the top players operating in the specialty paper market. Furthermore, Stora Enso Oyj, Nippon Paper Industries Co., Ltd, and Mondi plc. are some of the leading players in the specialty paper market.

Specialty Paper Market by Category

By Product Type:

Décor
Thermal
Carbonless
Kraft
Other types

By End-Use Application:

Printing and Writing
Packaging
Building and Construction
Industrial
Other Commercial End Use

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More Valuable Insights into Specialty Paper Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global specialty paper market, analyzing historical demand from 2015-2020 and forecast statistics for 2021-2031.

The study reveals growth projections on the specialty paper market based on product type (décor, thermal, carbonless, kraft, and other types) and end-use application (printing & writing, packaging, building & construction, industrial, and other commercial end-use) across seven regions.

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Rare Earth Metals Market will Reach a Value of US$ 3,818.8 Million by 2021-2031 at a CAGR of 6.0%

As per ESOMAR-certified consulting firm Future Market Insights (FMI), the global rare earth metals market is poised to witness steady growth at around 6% CAGR, exceeding the market valuation of US$ 3,818.8 Mn between the forecast period 2021 and 2031.

Growing consumer preference towards electronic vehicles and rapid expansion of the automotive and electronic industry are emerging as chief factors augmenting the growth of the rare earth metals market. Presence of high-growth potential industries including consumer goods and renewable energy in developed countries such as the U.S., the U.K., and Germany will propel sales in the market.

Permanent magnets used in wind turbines are produced from rare earth metals such as dysprosium and neodymium. Considering this, a steady expansion of wind turbine installations worldwide will create conducive environment for rare earth metals sales.

Besides this, the market will continue gaining from application in manufacturing batteries installed in electric vehicles. With electric and hybrid vehicles sales forecast to gain momentum in the coming years, the demand for rare earth metals with consistently rise.

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Rising digitization and urbanization in developing countries such as China, India, and South Korea is boosting the demand for consumer electronics, which in turn is fostering sales of rare earth metals. As per FMI, Asia Pacific excluding Japan will continue exhibiting high growth within the global market. Within the region, the Neodymium segment is likely to gain remarkable 270 basis points by 2026 in comparison to that of 2016.

China, trailed by India, will emerge as the dominant market for rare earth metals in Asia Pacific. The continued surge in mining activities, besides expansion of electronics and automotive sectors will support growth in the country.

“Companies operating in the market are adopting sustainable mining policies to gain competitive edge. Besides this, they are seeking approval from international organizations to aid capacity expansion,” says the FMI analyst.

Key Takeaways from FMI’s Rare Earth Metals Market Study

Neodymium will emerge as the most preferred metal type throughout the forecast period.
Permanent magnets will dominate the application-type segment.
The U.S. will exhibit high demand due to rapid expansion of automotive and renewable energy industries.
China will lead the rare earth metals market owing to the presence of major players and increasing production of consumer electronics.
The U.K. will experience steady growth, which is attributable to increasing demand by various end-use industries.
South Korea and Japan will account for nearly 14% of the market share.

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Competitive Landscape

China Northern Rare Earth (Group) High-Tech Co., Ltd., Rising Nonferrous Metals Share Co., Ltd., Lynas Corporation, China Minmetals Corporation Limited, and Aluminium Corporation of China Limited are some leading players operating in the rare earth metals market.

Key strategies being incorporated by manufacturers include emphasis on sustainable mining practices, research, and development regarding efficient use of metals, industry-grade machinery installations, and expansion of procurement facilities.

For instance:

In December 2019, Lynas Corporation joined hands with Kalgoorlie Boulder, based out of Australia, to open a new processing plant for processing materials mined from the nearby Mt Weld lanthanide deposits.
In June 2021, Arafura Resources Ltd., received approval and a Letter of Support from the Northern Australian Infrastructure Facility (NAIF) for the inclusion of its Nolan NdPr sites as a statutory defined area of North Australia, enhancing the sustainable mining practices in the region.

More Insights on the Rare Earth Metals Market

In its latest report, FMI offers an unbiased analysis of the global rare earth metals market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031.

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In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of application type (catalysts, permanent magnets, metallurgy & alloys, polishing, glass, phosphors, ceramics, and others (fertilizers, pigments, defense, etc.) metal type (Neodymium, Yttrium, Dysprosium, Terbium, Europium, Cerium, Lanthanum) across seven major regions (North America, Latin America, Eastern Europe, Asia Pacific excluding Japan, Western Europe, Japan, and Middle East & Africa)

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Metal & Metal Oxide Nanoparticles Market to Hit US$ 89,894.6 Mn by 2022-2032 | Future Market Insights

The global metal & metal nanoparticles market is anticipated to register remarkable growth over the projection period ranging from 2022 to 2032. The global market is expected to reach a valuation of US$ 29,958.8 Mn by the year 2022 and a top estimation of around US$ 89,894.6 Mn by 2032.

Rising awareness about health, hygiene & well-being is the major factor propelling the demand for personal care products, which in turn is expected to boost the demand for metal & metal oxide nanoparticles. In the wake of surging desire for personal care products, the global metal & metal oxide nanoparticles market is projected to directly affect the personal care & cosmetics sector.

There is a drastic surge in the number of new nanoparticle characterization products attributed to the global expenditure on nanotechnology research rises. The global metal and metal oxide nanoparticles market is expected to grow rapidly in the coming years.

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Owing to the rapidly expanding application scopes of metal nanoparticles, metal nanoparticles are widely used within end-use industries such as pharmaceuticals and healthcare, personal care and cosmetics, chemicals, transportation, and others. According to the current estimations, the market growth for personal care products & pharmaceuticals drugs is expected to bolster the demand for Metal & Metal Oxide Nanoparticles during the projected period.

Key Takeaways

Several types and forms of nanomaterials are employed in the cosmetics business. It is a fact that rapid evaluation of a rising number of nanostructures is taking place owing to the advancements in research and development activities in the cosmetics sector.
For several companies, it has been a clear goal to find the best suitable and affordable nanomaterials in order to employ them in aesthetic applications. As opposed to cosmetics made on a smaller scale, nanoparticle-based products have certain distinct benefits.
The cosmetics industry uses nanoparticles (NMs) in order to achieve more stability and long-lasting effects. There is a large surface area of nanoparticles which is why the active components can be transported more effectively into the skin. New color components, transparency (like in sunscreens), and long-lasting effects (like in nail paint and lipstick) are other major applications of nanoparticles in cosmetics.
During the utilization process of NMs, the ultimate objective of the cosmetics industry is to administer the appropriate dosage of chemicals to the targeted body areas and to achieve long-term stability. NMs are now used frequently in skin care products, specifically, as UV filters in sunscreens.
Owing to the rising global spending on nanotechnology research, there is a quick surge in the number of novel nanoparticle characterization products. Several nations across the globe are now investing significant public funds in nanotechnology research and development initiatives. Hefty public investments were made in the business throughout the past decade. The U.S. makes considerable investments in the study of nanotechnology.

Key Companies Profiled

American Elements
U.S. Research & Nanomaterials Inc.
Nanoshel LLC
Meliorum Technologies Ltd
Nanostructured & Amorphous Materials, Inc.
Nanophase Technologies Corporation
Showa Denko KK
NanoComposix Inc.
Tekna Systèmes Plasma Inc.
Sigma-Aldrich Co LLC
Shanghai Huzheng Nanotechnology Co., Ltd

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Competitive Landscape

The global metal & metal oxide nanoparticles market is an immensely fragmented market with the presence of dominant market players all over the world. Key players are concentrating on expansion & partnership activities to boost their sales & global footprints. While other key players are concentrating to enhance their regional as well as global presence.

Metal & Metal Oxide Nanoparticles Market Segmentation
By Type:

- Metal Nanoparticles
  - Titanium
  - Silicon
  - Aluminum
  - Iron
  - Gold
  - Copper
  - Silver
  - Magnesium
  - Platinum
  - Zinc
  - Others
- Metal Oxide Nanoparticles
  - Titanium Oxide
  - Bismuth Oxide
  - Zinc Oxide
  - Magnesium Oxide
  - Aluminum Oxide
  - Iron Oxide
  - Copper Oxide
  - Tungsten Oxide
  - Others

By End-use:

- - Chemicals & Coatings
  - Pharma & Healthcare
  - Transportation
  - Personal Care & Cosmetics
  - Electrical & Electronics
  - Defense
  - Others

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More Insights into the Metal & Metal Oxide Nanoparticles Market

The United States is anticipated to dominate the North American region attributed of the better healthcare infrastructure & high investment in the healthcare segment. An important benefit of using nanoparticles for medical applications comprises their capacity to transport active ingredients.

One advantage of this is that therapeutic molecules can be anchored to their surface due to their large surface area. The Metal & Metal Oxide Nanoparticles market in the U.S. is expected to reach about US$ 15,128.3 Mn by end of the year 2032.

European cosmetics and personal care market is anticipated to go alongside the U.S. The largest national market for cosmetics and personal care products within Europe is Germany according to Cosmetics Europe Association. Therefore, the Metal & Metal Oxide Nanoparticles market in Germany is expected to expand at a CAGR of 14.1% during the forecast period.

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Electroplating Market is Projected to Accelerate at a CAGR of 4.3% to top US$ 25.0 Billion by 2031

Future Market Insights (FMI) in a new study predicts the electroplating market to exhibit 3.6% Y-o-Y growth in 2021. Electroplating has become a vital application in a number of industries such as electronics, automotive, and machinery parts & components, due to its indispensable characteristics of corrosion resistance.

Rapid industrialization, coupled with high disposable income in developing countries, is fueling the demand in the automotive, electronics, and jewelry industry, which in turn has been creating opportunities for electroplating applications.

According to the report, the global electroplating market is projected to rise at a CAGR of ~4.3% during the forecast period of 2021-2031, reaching a market value of ~US$ 25 Bn by 2031. While the growth projections for electroplating market continues to be strong during the forecast period, the ongoing COVID-19 pandemic crisis is anticipated to cause a minor strain in demand.

Closure of manufacturing units and supply chain networks due to shutdowns in a number of countries is expected to affect the consumption of Electroplating in key industries like electronics, automotive and aerospace & defense. However the market is expected to recover in year 2021.

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Among various industries exhibiting demand, the automotive and electrical and electronics segment will continue accounting for the lion’s share. Of these, the automotive segment is expected to maintain dominance, accounting for above 34% of electroplating sales through 2031.

Key Takeaways from Electroplating Market Study

Electroplating market will continue exhibiting growth after a temporary period of lull in 2020. It is likely to exhibit 4.3% CAGR between 2021 and 2031
US holds 81.6% of North America market in 2021 and outlook remains positive
UK will register a growth of 2.8% Y-o-Y in 2021
Germany and France will continue exhibiting steady growth
JAPAN and Korea will continue to be a bright spot, yet China will hold dominance in East Asia

“With small manufacturers eating into the market share, global players are looking into ways to improve margins by engaging in more B2C sales through collaboration with large scale end users”– says FMI analyst

Electroplating Market: Participant Insights

Key global players in the Electroplating market, like Atotech Deutschland GMBH, Interplex Holdings Pte. Ltd, Kuntz Electroplating Inc., Pioneer Metal Finishing Inc., Roy Metal Finishing Inc., are focused on establishing partnerships with automotive OEMs, machinery equipment providers and electronic companies to form long term supply contracts. Manufacturers also are focusing on innovations to gain competitive advantage. For instance, Fischer has launched an innovative laser technology to improve plastic electroplating.

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Key Segments

Plating Metal

Gold
Silver
Copper
Nickel
Chromium
Zinc
Others

Substrate

Manually Operated Inhaler Devices
Base Metal Plating
Plastic Plating

Function

Decorative
Functional

End-Use

Automotive
Electrical & Electronics
Aerospace & Defense
Jewelry
Machinery Parts & Components
Others

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To Know More about Electroplating Market:

A recent market study published by Future Market Insights (FMI) on the global Electroplating market report offers insights into the consumption scenario of Electroplating on both global and regional level. The report analyses the Electroplating market demand through three segments – plating metal, substrate, function, and end-use, across six regions.

The Electroplating report also offers key insights into key growth drivers by end use, major competitors across application, manufacturer margins, and import/export scenario, along with COVID impact analysis on the market demand trend.

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Diatomaceous Filter Aid Market Key Values, Data Gathered from Industry with Risk Factors-2032

The global diatomaceous filter aid market is expected to be worth $33.6 billion in 2022 and $68.2 billion in 2032. Demand for high-quality filtration technologies and solutions to reduce downtime and maximize productivity is expected to drive sales of diatomaceous filter aid in the coming years.

According to FMI, the diatomaceous filter aid market will grow at a CAGR of 9.7 percent between 2022 and 2032. The market will be propelled by the urgent need to remove unwanted particles from various food products without changing their composition, texture, or color.

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Diatomaceous filter aid refers to a most commonly used filter aid in food grade applications, on the back of a plethora of advantages offered. Diatomaceous filter aid stands out as a widely-preferred filter aid type for food grade applications, as compared to cellulose, perlite, and others. Demand for commercial diatomaceous filter aid in food grade applications is on a consistent rise, as it has a major contribution in boosting clarity of the filtrate.

Diatomaceous Filter Aid Market- Dynamics

Diatomaceous Filter Aid Market- Rising Demand for Effective Filtration Techniques in Food Grade Applications Propels Growth

Demand for effective filtration technologies in food grade applications remains inarguably high, owing to a wide range of separation tasks involved. Operators of food grade applications seek high-quality filtration solutions and technologies in a bid to maximize productivity and reduce downtime. With the rising demand for effective filtration technologies, the adoption of filter aids is also exponentially increasing on account of their role in upholding the efficiency of the principal filtration apparatus.

Diatomaceous filter aid, being one of the prominent and widely-used filter aid variety, is gaining significant traction across food grade applications. Rising need to effective remove unwanted particles from food products, without impacting their color, texture, or composition, is boosting the adoption of effective filtration technologies. This, in turn, is creating favorable circumstances for adoption of diatomaceous filter aids in the food grade arena, thereby complementing growth of overall diatomaceous filter aids market.

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Diatomaceous Filter Aid Market- Asia Pacific to Emerge as Highly Lucrative Region for Manufacturers

Asia Pacific is poised to a highly lucrative region for diatomaceous filter aids market during the forecast period. Unprecedented growth of the food and beverage industry across key regions of Asia Pacific, including China, India, and others, is one among the biggest factors fuelling growth of diatomaceous filter aid market. Growing demand for efficient filtration technologies across food and beverage grade industries in Asia Pacific is predominantly pushing the growth of this regional diatomaceous filter aids market.

Growing importance of integrating cost-effective solutions across the industrial ecosystems is underpinning growth of Asia Pacific diatomaceous filter aids market. Robust infrastructure of the regional food grade industry coupled with quality-oriented standards is estimated to have a positive impact on Asia Pacific diatomaceous filter aids market during the forecast period.

Diatomaceous Filter Aid Market- Manufacturers to Focus on Offering Lightweight Offerings to Aid End Users Reduce Disposal Costs

Manufacturers in the diatomaceous filter aid market are focusing on developing light-weight offerings, which, in turn, will enable the food grade industry operators to reduce their disposal costs. Moreover, manufacturers are also focusing on offering density advantages in their offerings over other products available in the diatomaceous filter aid market space.

Sensing the influence of cost on decision-making of end-users, manufacturers in the diatomaceous filter aid market are vying to commercialize their products at competitive prices, with an objective of attaining competitive advantage over their rivalry. Moreover, manufacturers in the diatomaceous filter aid market are attaining quality certifications as a part of their value proposition strategy, wherein they convince an end-user to opt for their products over the competitors’ ones.

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

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Diatomaceous Filter Aid Market- Segmentation

By type, the diatomaceous filter aid market has been segmented into

Type I
Type II

By food application, the diatomaceous filter aid market has been segmented into

Dairy
Bakery & Confectionery
Food Retail
Fruits & Vegetables
Others

Diatomaceous Filter Aid Market – Report Highlights:

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

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Native Starch Market Growth Pace Report with Pricing Overview with Positive and Negative factors impact-2032

The global native starch market is projected to witness a CAGR of 5.7% and is anticipated to reach a valuation of around US$ 2.6 Bn by 2032, while it is estimated to be valued at US$ 1.5 Bn in 2022.

The increased use of native starch as a stabilizing, thickening, and gelling agent, as well as a diluent, binder, and excipient, is expected to drive the demand for native starch. The expansion of the food and beverage industry is projected to be a major driver of consumption.

The product is used in the production of frozen, packaged, and ready-to-eat foods. The market for such food products is rapidly expanding, particularly in emerging nations, which is projected to have a beneficial impact on the industry’s growth. These impacts are helping the sales of native starch.

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The adoption of native starch is anticipated to rise with a variety of manufacturing ingredients, including corn, potato, and wheat. The United States is projected to be the world’s leading corn producer and exporter in 2022.

The vast supply of raw resources, together with the country’s well-established manufacturing sector, is predicted to be a major driver of industry expansion in the United States, boosting the sales of native starch.

Moreover, the growing food and beverage industry, particularly in rising economies like India and China, has boosted the number of native starch customers in these countries.

The buyer’s decision is likely to be influenced by cost competitiveness and product quality, increasing the adoption rate with rising demand for native starch due to low switching costs and the availability of multiple manufacturers around the world, buyers have a lot of leverage.

Key Takeaways

The market is segmented based on source, wherein the native starch is anticipated to account for around 31.7% of the market share over the forecast period, thriving the native starch market
The North American native starch market is expected to witness a lucrative growth rate of 5.2% during the forecast period.
East Asia is inferred to account for 15.4% of the global native starch consumption through 2032, fueling the demand for native starch.
The market is segmented based on end-use, wherein food and beverages are anticipated to account for around 31.7% of the market share over the forecast period.

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“To expand their business, key manufacturers are employing aggressive techniques. Product branding and positioning are extremely important to them. Consumer pleasure is being used as a realistic approach for growing their global impact. These are the factors driving the native starch market forward.” – Future Market Insights Analyst.

Competitive Landscape

The growth in the global food and beverage industry is propelled by targeting emerging economies that are creating lucrative opportunities for various global markets. Native starch companies are implementing robust go-to-market strategies such as collaborations, partnerships, M&A, and divestitures in addition to focusing on organic growth, increasing the demand for native starch.

Key players operating in the global native starch market also focus on strategic collaboration with local distributors in the emerging countries to reach a large consumer base.

Key players in the global native starch market include:

Ingredion Inc.
Cargill, Inc.
E. I. du Pont de Nemours
Tate & Lyle PLC
Archer Daniels Midland Company
Roquette Frères S.A.
Euroduna Food Ingredients GmbH
BENEO GmbH
Kent Corporation
MGP Ingredients Inc.
AGRANA – Beteiligungs
AG Tereos Starch & Sweeteners Iberia Sa
Thai Flour Co., Ltd.
Manildra Group
Avebe U.A
Amylco LLC
KMC Kartoffelmelcentralen A.M.B.A
Gulshan Polyols Ltd.
SPAC STARCH PRODUCTS (INDIA) LTD among other native starch manufacturers.

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Recent Market Developments:

Ingredion Pvt ltd recenly launched functional native starches that formulates food and beverages with ingredients consumers accept, prefer and expect. This is anticipated to push the competition level and increase the sales of native starch.
Cargill Inc has included new applications in its native starch batch such as brewing adjuncts, bakery mixes and processed meat. This increases the demand for native starch globally.

Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global Native Starch market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

The study offers compelling insights based on the native starch market by nature (corn, wheat, potatoes, tapioca, others), by form (powder, liquid), by end-user (food and beverages, paper industry, feed industry, others) & region across seven major regions of the world.

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Food Coating Ingredients Market Statistic Analysis, Key Insights with Revenue Forecast-2032

The food industry continues to shift its focus from weight management and muscle building to natural wellbeing and healthier living. With sugar becoming a focus area in the obesity debate, savory snacks, grains, heathy fats are making a comeback. These factors have led to a revolution in various sectors of the F&B industry, and food coating is no exception.

Future Market Insights, in its new offering, brings to for credible insights on growth prospects of the food coating ingredients market. A number of food coating ingredients continues to find application in a wide variety of substrates ranging from seafood to plant proteins, thereby exerting crossover appeal in conventional and vegan markets as well as in products developed for consumption out or at home.

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In recent years, the trend of health and wellness has been placing a great deal of pressure on manufacturers to come up with healthier alternatives for food coating ingredients already in use.

As consumers are starting to avoid certain types of fats, including saturated fats and partially hydrogenated oil, manufacturers of coated food products tend to be agile and responsive to consumers’ changing needs. As such, they innovate rapidly, offering tasty, novel, sustainable, and better-for-you options for consumers.

Food Coating Ingredients Market Players – Key Insights

Some of the key players operating in the food coating ingredients market include Tate & Lyle Plc, Döhler Group, Cargill, PGP International Inc., Agrana Group, and Archer Daniels Midland Company.

In November 2019, Tate & Lyle, a provider of food & beverage ingredients and solutions, announced the opening of its new and expanded Latin American headquarters in Sau Paulo, Brazil. The new application center includes a pilot plant and state-of-the-art experimental kitchen which will help manufactures develop products that fulfil growing consumer preferences for healthier, tastier food and beverages.
In November 2019, Cargill-Royal DSM joint venture, Avansya, started commercial-scale production of EverSweet™, a non-artificial, zero-calorie stevia sweetener at new fermentation facility in Nebraska, U.S.
In November 2019, Agrana Group, a key player in the food coating ingredients market, announced the construction of its second wheat starch processing plant at the site of its biorefinery in Pischelsdorf, Austria. Through the new project, the company is aimed at twofold production capacity of wheat starch.

Key Factors Influencing Food Coating Ingredients Market

Combining Functionality and Flavor with Texture Appeal

Growing popularity of fried foods among consumers demanding convenience yet healthy options remains a key factor fueling innovation in the food coating ingredient space. Despite recent emphasis on low carbs, rising cases of obesity, and corresponding concerns over frying, a wide range of coated food products continue to penetrate the marketplace. The result is expected to lead to increased demand for food coating ingredients. In addition to ingredients designed for increased functionality and improving the quality of coated food products, manufacturers are targeted towards delivering a variety of new flavors, texture, appearance, and mouthfeel

Significant Growth in Demand for Ready-to-Eat Food

With convenience meals catering for every occasion, breakfast drinks to lunchtime, all the way through to dinner time meals, technology-enabled delivery for prepared and ready-to-eat meals has increased exponentially over the last few years. Today, hectic schedules are changing how, where, and when time-poor consumers eat, thereby potentially raising the demand for ready-to-eat food as well as frozen ready meals. This, in turn, is projected to remain instrumental to sales of food coating ingredients.

Strong Focus towards Aligning with Clean Label Trend

In period of alternatives rather than omissions, consumers are gradually moving away from fad diets and eliminating several food groups and inclining towards a more balanced approach of eating. As food security issues continue to rise and consumers’ inquisitiveness about foods and their sources increases, manufacturers are focusing on providing novel ingredients to eliminate allergens and to be more clean-label friendly. For instance, gluten-free coating ingredients are garnering significant traction, on the account of rise of gluten intolerance and association of gluten-free products with diets such as Paleo.

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The report covers exhaustive analysis on:

Food Coating Ingredients Market Segments
Market Dynamics
Food Coating Ingredients Market Size
Supply and Demand
Current Trends/Issues/Challenges pertaining to Food Coating Ingredients Market
Competition Landscape and Emerging Market Participants in Food Coating Ingredients Market
Technology related to Production/Processing of Food Coating Ingredients
Value Chain Analysis of the Food Coating Ingredients Market

The regional analysis includes:

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)

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 food coating ingredients market segments and geographies.

Report Highlights:

A detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current, and projected market size regarding volume and value
Recent industry trends and developments for yorker spouts market
Competitive landscape for yorker spouts market
Strategies for 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