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The global air pressure sensor market is expected to register a CAGR 4% between 2020 and 2030. Increase in demand for reliable sensors, low cost maintenance, and high performance are anticipated to fuel the growth of the market. The demand for air pressure sensors market is rapidly increasing as they are widely used across industries such as petrochemicals, building, shipbuilding, aircraft, and medical sector among many others.

In building, medical and automotive sector, MEMS-based pressure sensors are widely used. Additionally, the shift from analog to digital has led to development of smarter air pressure sensors that deliver efficient performance. Advancements in ICT technology as well as nanotechnology applications are emerging as new trends in the global air pressure sensor market.

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Industrial Expansion to Boost Demand for Air Pressure Sensors

Improved sensitivity in pressure sensors has strongly contributed to the demand of the global air pressure sensor market. Growth of industries, increasing exploration activities, and improving disposable incomes supporting the sale of automobiles have all made a significant impact on the market. Advancement in technology, such as real-time monitoring for vehicles, is opening new doors to the growth of pressure sensors for medical and automotive applications. In coming years, it is anticipated that penetration of MEMS technology is going to lead the overall global air pressure sensor market. However, higher cost of the investment for production, could act as a major restraint in the global air pressure sensor market.

Asia Pacific to Lead as Emerging Economies Boost Manufacturing Activities

On the basis of region, Asia Pacific, Japan and Latin America are expected to be the growth engines of for the global market. Asia Pacific is anticipated to dominate the global air pressure sensor market as China and India continue to be the key manufacturing hubs for the world. In Latin America, Brazil is expected to present the largest opportunity in terms of revenue of the air pressure sensor market. The remaining regions are expected to grow at a steady rate over the forecast period.

Air Pressure Sensor Market: Key Players

Some of the key market participants in global air pressure sensor market are ABB Ltd., Analog Devices, Inc., Analog Devices, Inc., Analog Devices, Inc., Emerson Electric, General Electric, Freescale Semiconductor, Honeywell International, Robert Bosch GmbH and others.

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Report Highlights:

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

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According to the most recent market research from Future Market Insights (FMI), the shipment of organic fertilizers across North America will reach 4,327.5 KT by the end of 2021. Because of growing awareness about the health benefits of eco-friendly products and rising demand for organic food items, demand for organic fertilizers is expected to rise significantly, reaching US$ 3.17 billion.

The growing public knowledge of the harmful effects of synthetic chemicals found in herbicides, insecticides, and fertilizers on human health and the environment is driving up demand for organic products. This is predicted to enhance demand for organic farming in North America, resulting in organic fertilizer sales growing at a 5.8% CAGR in terms of volume.

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Also, the market in North America is expected to witness remarkable growth due to the growing focus on sustainability among consumers, especially in the U.S. Various stringent regulations imposed by regional governments and environmental regulatory bodies to encourage the production of organic food products are expected to increase the adoption of organic fertilizers over the forecast period.

Organic cultivation has numerous benefits both in terms of soil quality and human health. However, there are numerous challenges faced while using organic fertilizers. Organic fertilizers are usually priced much higher (mostly 2-4 times) than the conventional fertilizers.

Moreover, as organic fertilizers are lower in nutritional content (n-p-k) value, they also need to be applied at higher rates. In some cases, where the soil nutrient content is very low, organic fertilizers alone cannot meet the demand.

The initial yield during conversion of land from inorganic to organic is also quite lower. Also, there are additional costs required for the certification of organically cultivated products. Hence, farmers are sometimes reluctant to invest in organic fertilizers. This could restrain the growth of the market to an extent.

Nonetheless, favorable government initiatives and subsidies will help improve the adoption of organic fertilizers, improving the market growth as well. Owing to these factors, the North America organic fertilizers market is poised to expand at a robust pace.

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Key Takeaways from Organic Fertilizers Market Study

• North America organic fertilizers market is expected to expand at 6.9% CAGR in terms of value between 2021 and 2031.
• Fruits and vegetables will dominate in terms of application, followed by cereals and crops.
• Based on form, the solid organic fertilizers will lead the market, accounting for nearly 72.4% of market share.
• The U.S. is expected to be the most lucrative country owing to the growing adoption of organic farming methods in the country
• In terms of source type, animal source will lead the segment, holding over 72.1% of market revenue.

 “Various favorable government initiatives are ecnouraging  organic farming across the U.S. and Canada. This is expected to bolster the demand for organic fertilizers over the forecast period,” said an analyst at FMI.

Organic Fertilizers Market: Participant Insights                                                 

According to the Market Research analysis Sustane Natural Fertilizer Inc, True Organic Products Inc, California Organic Fertilizers Inc., Purely Organics LLC, Fertoz Limited, Fertilizers USA LLC, The Scotts Miracle-Gro Company, Sigma AgriScience, LLC, Bio Green USA, Inc., American Plant Food Corporation and others are identified as Key Players in the North America Organic Fertilizers market.

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North America Organic Fertilizers Market by Category

By Source Type:

• Plant Source
• Animal Source

By Application:

• Cereals and Crops
• Fruits and Vegetables
• Lawns, Turfs and Gardens

By Form:

• Solid
• Liquid

By Country:

• US
• Canada

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The global phosphates market has seen consistent demand from a variety of end-use industries, including agrichemicals, animal feed, cleansers and detergents, food and drinks, water treatment, and others. According to the most recent analysis by Future Market Insights (FMI), the worldwide phosphate market is expected to increase at a 2.7% annual rate from 2021 to 2031.

Because of their importance in the fertilizer sector, ammonium phosphate and calcium phosphate are expected to remain major product types in the global market. Among the more prevalent varieties are diammonium phosphate, monoammonium phosphate, single super phosphate, and triple super phosphate.

With increased concerns about food security as the world’s population grows, demand for phosphate-based fertilisers is expected to rise in the future years. Furthermore, the global decrease in arable land area as a result of urbanisation and industrialisation has fueled the expanding need for phosphates.

The phosphate market is expected to slow during the Covid-19 crisis due to a fall in demand from the industrial sector. Despite the crisis, the market has seen a favourable outlook due to the output of agricultural products and animal feed. These elements will be critical for the global phosphates market’s continued expansion.

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Key Takeaways from Phosphates Market Study

• The global phosphates market is anticipated to reach a value of US$ 21,169.7 Mn by the end of the forecast period in 2031.
• Ammonium phosphate is expected to remain the dominant product type owing to higher agriculture applications accounting for three quarters of the global market through 2031.
• China is dominant in East Asia with a value share of over 95% through 2031, supported by large scale agriculture and chemicals industries.
• India will reflect above average growth with a CAGR of 3% through 2021, owing to its position as a leading agrarian economy.
• Brazil will hold over 50% of the Latin America market through 2031, owing to government incentives towards large-scale agriculture practices.

“Agrochemical sales have fueled the growth of phosphates significantly over the past few years owing to the demand for fertilizer products particularly in emerging agrarian economies such as India and China. Government incentives will support growth through 2031,” said a lead analyst at FMI.

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Phosphates Market: Participant Insights

Key players are focusing on strategic expansions by expanding production capacity in emerging economies by setting up of new production units, collaborations and mergers and acquisitions of other market participants. They are focusing on strengthening of their product portfolio while strengthening distribution networks.

Market participants in the global phosphates market are Nutrien Ltd., The Mosaic Company, YARA International, EuroChem, Prayon SA, Ma’aden-Saudi Arabian Mining Company, PhosAgro, Jordan Phosphates Mines Company (PLC), Aditya Birla Chemicals, Israel Chemicals, KazPhosphates LLC, Sulux Phosphates Limited, Zimbabwe Phosphates Industries Limited, OCP Group, Innophos Holdings, Inc., Chemische Fabrik Budenheim KG, Haifa Chemicals ltd., URALCHEM JSC, Solvay SA, OCI Company Ltd., Cabot Microelectronics Corporation, Asia Union Electronic Chemical Corp., Hubei Xingfa Chemicals Group Co., Ltd., Yichang Municipal Pacific Chemicals Co., Ltd (YMPCC), Sichuan Blue Sword Chemical (Group) Co., Ltd., Foskor (Pty) Ltd., and Industries Chimiques du Senegal.

Phosphates Market by Category

By Product Type:

• Ammonium Phosphate
• Calcium Phosphate
• Potassium Phosphate
• Sodium Phosphate
• Others

By Grade:

• Food & Feed
• Pharmaceutical
• Industrial

By End Use:

• Agrochemicals
• Food & Beverages
• Animal Feed
• Cleansers & Detergents
• Pharmaceutical & PC
• Water Treatment
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia Pacific
• Middle East
• Africa

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Future Market Insights has published a market research report on the Phosphates market that contains global analysis for 2016–2020 and opportunity assessment for 2021–2031. The report provides insightful analysis of the Phosphates market through three different segments – by Product Type, by Grade, by End Use and by Region.

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

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Increasing demand from the pulp and paper and wastewater industries is predicted to contribute significantly to the growth of the defoamers market, according to a recent analysis by Future Market Insights (FMI). According to the analysis, the market will be worth US$ 1,920.0 Mn by the end of 2031, growing at a CAGR of 4.0% during the forecast period.

According to FMI, silicone defoamers will account for more than one-third of market value share in 2021 and will maintain this dominance throughout the evaluation period. However, the market witnessed a significant decrease in 2020 as a result of the terrible economic environment generated by the covid-19 epidemic.

A defoamer is a chemical additive, also known as an anti-foaming agent, that aids in the reduction of foam formation and the prevention of excess foam development in industrial process liquids. Defoamers are widely utilized in a variety of industrial verticals for a variety of applications such as pulp and paper, paints and coatings, water and wastewater treatment, food processing, chemical formulation, textiles, and so on.

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Geographically, East Asia is estimated to dominate the market during the projection period. Major players in the defoamers market are planning to expand their distribution in the existing markets of U.S. and Europe. Key players are focusing on expanding their reach by diversifying supply chains to avoid disruptions.

Due to the COVID -19 crisis, end users have been impacted in several ways on account of the disrupted supply chain across the globe. In addition to restrictions in trade, shortage of labor and increase in raw material prices also impacted the defoamers market. However, the demand is expected to regain its previous growth from the first half of 2021.

Key Takeaways of Defoamers Market Study

• Aqueous defoamers will account for more than 80% of the market by 2031 owing to ease of use in water treatment, paints and coatings, and pulp and paper applications.
• Silicone based defoamers will reflect the fastest growth with a 4.7% CAGR, supported by consistent process outcomes.
• China will dominate East Asia through 2031 with value share over 63% owing to the presence of major production facilities.
• Germany holds the lead in the Europe market with a US$ 77.2 Bn valuation in 2021, driven by matured chemical and manufacturing sectors.
• The U.S. will account for nearly 90% of the North America market by 2031, supported by the presence of varied end-user industries in the country.

“Key players globally are assessing various solutions in the supply chain, which will help them maintain business continuity with minimum disruption due to unforeseen events, since the onset of the COVID-19 crisis. Moreover, key players are planning to diversify their supply chains to reduce dependence on singular sources and continue production without interruptions in the coming decade,” says an FMI analyst

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Market Landscape: Competitive Overview

The global defoamers market is moderately consolidated, with some of the leading players accounting for a prominent share of the market. Manufacturers are focusing on strengthening their market presence globally by the acquisition of regional players and investing in research and development to stay up to date with the new trends in the market. Players are also adopting other distribution channels such as e-commerce and online platforms to help cater to demand.

Key market participants include BASF SE, Dow Chemical Company, Evonik Industries, Kemira Oyj, Buckman, Air Products & Chemicals Inc, Accepta, Ecolab Inc. (Nalco), Ashland Inc, Synalloy Chemicals, Blackburn Chemicals Limited, Elementis PLC, Bluestar Silicones France SA, Clariant Chemicals Company, KCC Basildon, Royal DSM N.V, Shin-Etsu, ADEKA Corporation, Wacker Chemie AG, Tiny ChemPro, Elkem Silicones ASA, Teijin Ltd, among others.

Defoamers Market by category

Product Type:

• Powder
• Silicone  Defoamers
• Oil Defoamers
• Emulsion Defoamers
• Polymer Defoamers

By Medium of Dispersion:

• Aqueous Systems
• Non-Aqueous/ Solvent

Application Type:

• Chemical Formulation
• Textiles
• Construction Materials (cement, mortar, grouts etc.)
• Paints & Coatings
• Pulp & Paper
• Food Processing
• Pharmaceuticals
• Household & Personal Care
• Water and Wastewater treatment

Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia Pacific
• Middle East and Africa

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Future Market Insights has published a market research report on the Defoamers market that contains global and Indian industry analysis for 2016–2020 and opportunity assessment for 2021–2031. The report provides insightful analysis of the Defoamers market through three different segments- product type, end use and region. The Defoamers market report further provides demand trends of different types across industry verticals, a comprehensive list of service providers in the market along with a detailed overview of the parent market.

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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 Distributed Temperature Sensing Systems (DTS) are optoelectronic devices which measure temperatures by means of optical fibers functioning as linear sensors. Temperatures are recorded along the optical sensor cable, thus mapping it as a continuous profile and not at points. The temperature profiles can be monitored at surface in real time, minimizing the need for production logs, preventing deferred production losses, decreasing well interventions, and reducing operating costs.

Distributed temperature sensing (DTS) monitoring provides continuous temperature status of high-voltage power cables, detecting hot spots along their entire length. An alarm is triggered when critical temperature limits are exceeded and cables are at risk. It leads to achieve high accuracy of temperature determination over great distances. DTS systems can detect temperature changes less than 0.01°C and pinpoint the exact location of a thermal event  within  the range of one meter.

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Its quite ideal for use in hazardous zones and environments, where safety is of critical importance. Since optical fibers are not susceptible to electromagnetic interference they are ideal for use in power stations and for monitoring of distribution lines. Furthermore, it helps operators in optimizing transmission and distribution networks by reducing operational costs and capital. Over the last decade, the distributed temperature sensing systems market has reported a steady growth.

Distributed Temperature Sensing Systems Market: Drivers & Restraints

Deployment of power-efficient and miniaturized sensors in various industrial applications, low system design costs owning to low material cost per sensor, increasing demand for sophisticated functionalities in industrial applications and increasing R&D expenditures by companies are some of the factors expected to contribute significantly to the growth of the distributed temperature sensing systems market.

Technical awareness about sensor cables and high implementation costs of the distributed temperature sensing systems are probable factors restraining the growth of the distributed temperature sensing systems market.

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Distributed Temperature Sensing Systems Market: Overview

Due to technological advancements and budding investments happening in fiber-optics industry, the acceptance of distributed temperature sensing systems is gaining popularity. North America due to the earliest start leads the world in technology and scale. The global distributed temperature sensing systems market is expected to expand at a promising CAGR during the forecast period (2015–2025).

Distributed Temperature Sensing Systems Market: Region-wise Outlook              

The global distributed temperature sensing systems market is expected to register a double-digit CAGR for the forecast period. Depending on geographic regions, global distributed temperature sensing systems market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. Asia Pacific is expected to register the highest CAGR and will contribute significantly to the global distributed temperature sensing systems market value exhibiting a robust CAGR during the forecast period, 2015-2025.

Distributed Temperature Sensing Systems Market: Key Players

Some of the key market participants in global distributed temperature sensing systems market are Halliburton, LIOS Technology GmbH, Banner Engineering Corp, AP Sensing GmbH, Sensornet, OMICRON Electronics GmbH, Schlumberger Limited.

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, fiber type and applications.

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The report covers exhaustive analysis on:

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

Regional analysis includes

• North America (U.S., Canada)
• Latin America (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)

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.

Distributed Temperature Sensing Systems Market: Segmentation

The global distributed temperature sensing systems market is broadly classified on the basis of fiber- type, operating principle, applications and geographies.

Based on fiber-type, the global distributed temperature sensing systems market is segmented into:

• Single-mode fiber based DTS systems
• Multi-mode fiber based DTS systems

Based on operating principle, the global distributed temperature sensing systems market is segmented into:

• Optical Time Domain Reflectometry (OTDR) based DTS systems
• Optical Frequency Domain Reflectometry (OFDR) based DTS systems

Based on applications, the global distributed temperature sensing systems market is segmented into:

• Oil & Gas
• Geothermal
• Smart Grid
• Pipelines
• Process & Plant
• Life Sciences

Report Highlights:

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

About Us:

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

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According to a report conducted by Future Market Insights (FMI), expanding applications in various sectors, particularly the printing and packaging industries, would boost the functional films market between 2021 and 2031. Functional films are becoming increasingly popular in a variety of industries as they include technologies to increase the functional performance of items on which functional films operate as a substrate or a barrier.

The market is gaining traction as the packaging and plastic sectors expand. Their use in the automobile industry is also growing. Automotive displays, car interiors, transmission systems, and illumination all use functional films. BOPP films are the “go-to” solutions in the packaging industry for lamination and flexible packaging.

According to FMI, the functional films industry would be worth US$ 47.17 billion by 2031. The demand for optical and coating films is extremely high. Coatings films are predicted to be the most dominant, with an 8.7% CAGR during the projection period.

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Key Takeaways of Functional Films Market Study

• Application across various industries will continue driving functional films market at .2% CAGR through 2031
• The U.S. remains the leading functional films market in North America, accounting for over 68% sales in 2021
• After an insignificant year in 2020, the U.K. market will bounce back, registering a little below 6% y-o-y growth in 2021
• Germany and France will remain key markets. Of these, Germany will remain dominant through the forecast period
• Exceptional growth is likely in Japan, as it continues registering expansion of various end-use industries

“Functional films market, like any other sector, is heavily reliant on prevailing trends. Currently, there is high focus on sustainability especially as some of the leading players invest in environment-positive technologies,” said a lead analyst at FMI.

East Asia is expected to dominate the functional films global market. The intense activities in the region have stimulated market participants to engage in product innovations and steadily commercialize their products. In East Asia, the large demand owned by various end-use industries including consumer electronics and automotive, is likely favorable to mold the Functional Films market. The market growth is also dependent on various other factors such as raw material availability and large consumption base.

Who is Winning?

Some of the leading companies operating in the functional films market include 3M, Dai Nippon Printing Co. Ltd, Toray industries Inc, SABIC, Covestro AG and Saint Gobain Films.

The functional films market is a highly competitive market dominated global petrochemical and chemical manufacturers and key players who are actively involved in the printing and packaging sector.  Some players are adopting backward integration, directly purchasing petrochemicals and manufacturing films from scratch. The market is also driven by regional players and new entrants who are aggressively involved to build their brand name.

The Tier-1 players hold approximately half the global value share. Drive for product positioning and collaboration are some of the common behavioral trends in the global market.

There is increasing focus on sustainability, especially some of the leading players. For instance, Coveris has built two new extrusion lines at Cheshire-based facility in Winsford, in the U.K. This capacity expansion is intended at supporting the company’s goal to achieve pack positive sustainability.

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Dimethylolpropionic acid is a crystalline molecule that is gaining popularity due to its significant application in the manufacture of aqueous urethane dispersions, which are perfect for high gloss waterborne coating offers with exceptional flexibility and free-flow properties. Dimethylolpropionic acid is also utilized as a modifying agent in epoxy polyester compounds in powder coatings to improve flow qualities, gloss levels, and impact resistance. DMPA is also employed in the creation of urethane elastomers for multi-substrate applications.

The expanding global demand for electrodeposition coatings, notably from the metals production and processing industry, is likely to boost market growth. Electro-deposition enables for low-cost coating production while maintaining high performance standards and increasing the material’s functional qualities. Dimethylolpropionic acid is also commonly utilized in electrical equipment like HVAC systems. As a result, the use of related coatings will drive expansion during the projection period.
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What are the Leading Challenges Faced by Dimethylolpropionic Acid Manufacturers?

On one hand, the niche applications of DMPA have set up very positive expectations for the future of the market. However, manufacturers are expected to face a number of challenges in the near future to consolidate production and distribution operations.

The easy availability of numerous substitutes for DMPA including TME, TMP and DMBA, at relatively lower cost has emerged as a major threat to the growth of the global DMPA market. DMBA which is a tertiary carboxylic acid group and two reactive hydroxyl groups, is similar to DMPA in chemical characteristics.

In recent years, the rising penetration of DMBA in polyurethane dispersion applications has bolstered at adoption at a faster rate as compared to DMPA. This will continue to negatively impact demand for DMPA, which has resulted in some DMPA manufacturers around the world to shut down select operations. Research into widening the scope of applications in addition to strategic pricing will play key roles in the development of the market.

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Dimethylolpropionic Acid Market – Competitive Landscape

Leading manufacturers in the moderately consolidated dimethylolpropionic acid market are focused increasingly on research and development efforts aimed towards portfolio expansion objectives, in addition to extensive efforts towards seeking strategic acquisitions and collaborations in the industry.

In September 2019, CPS Performance Materials announced the acquisition of GEO Specialty Chemicals, which will allow the company to expand its market portfolio, and special chemicals for personal care and nutrition applications.

In April 2021, CD Bioparticles introduced a series of dendrimers, including DMPA-G1-TMP-Azide, DMPA-G1-TMP-Acetylene, DMPA-G1-TMP-NHBOC, and DMPA-G1-TMP-Carboxyl for applications in coatings, theranostics adhesives, biosensors, and optics.

Waters™ leading chromatography data software (CDS), Empower™, with the introduction of Metrohm Ion Chromatograph, for applications in universal software platform, aimed towards faster sample turnaround.

Future Market Insights has also analyzed the following players in the dimethylolpropionic acid market in its detailed report*:

• Geo Specialty Chemicals Inc.
• Perstorp Specialty Chemicals AB
• Henan Tianfu Chemical Co. Ltd.
• Jiangxi Nancheng Hongdu Chemical Technology Development Co. Ltd.
• Shenzhen Vtolo Chemicals Co., Ltd.

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Dimethylolpropionic Acid (DMPA) Market Key Segments

Product Type
• Polyurethane dispersion
• Resins
• Powder Coating
• Electrodeposition Coatings

Application
• Adhesive
• Glass fiber sizing
• Automotive Topcoat
• Wood Finishing
• Others

As per the Future Market Insights report, the covid-19 pandemic cut into the short-term rate of growth in the dimethylolpropionic acid industry. However, the market is expected to witness a steady recovery through 2021 with an estimated CAGR between 7% and 10%. Countries across the Asia Pacific excluding Japan region will remain major contributors to growth. Increasing awareness and rapid adoption of polyurethane dispersion processes in the United States will provide major impetus to developments of the market in the near future.

About Future Market Insights (FMI)

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

Contact:

Unit No: 1602-006
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Plot No: JLT-PH2-X2A
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The sales in the market are expected to surpass US$ 1.9 Bn by 2032, exhibiting growth at a CAGR of 8.5% over the forecast period 2022-2032.  Flexible AC Current Transmission System (FACTS) is a power electronic-based system, composed of static equipment used for the AC transmission of electrical energy. Global flexible AC current transmission system demand is estimated to total US$ 1.3 Bn by the end of 2022.

FACTS offers collective controllability and the power transfer ability of the network, as well as results in reduced power supply costs. Complexity in networks has increased the issues in power supply quality, flexibility and reliability.

Depending on compensation types global flexible AC current transmission systems market (FACTS market) can be segmented into Static Var Compensator or SVC, Static Synchronous Compensator or STATCOM, Thyristor Controlled Breaking Reactor or TCSC, Thyristor Controlled Series Capacitor or TSC, Thyristor Switched Series Reactor or TSR and Static Synchronous Series Compensator or SSSC.

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Flexible AC Current Transmission System Market: Drivers

With the rising demand of power in electricity usage and other applications, it has created countless opportunities for FACTS. Its benefits include reduction in loop flows, voltage fluctuations and reactive power flows. Other benefits are increase in power system security and power loading capability. FACTS controllers provide faster control actions as compared to conventional devices, such as switches or phase shifting transformers. On the other hand, key challenges for global flexible AC transmission systems market (FACTS market) are the cost of these systems, growing diversities in environmental, land-use and regulatory pressures. These challenges have restricted the growth of electric power transmission facilities in many parts of the world.

Flexible AC Current Transmission System Market: Segmentation

The global flexible AC current transmission systems market (FACTS market) can be segmented on the basis of application, component and compensation type. The key application based segments of global flexible AC current transmission systems market (FACTS market) are steel industry, mining industry and electric utilities industry. For the overall optimization of the AC current transmission system, various types of FACTS components used are series controller, shunt controller, combined series-series controller and combined series-shunt controllers.

In application segment, electric utilities has the largest market share and is expected to increase with growth in demand of power electronic devices. In compensation type, (Static Var Compensator) SVC accounts for largest share in global flexible AC current transmission systems market (FACTS market).

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Global flexible AC current transmission systems market (FACTS market) is anticipated to grow at a high single digit CAGR from 2015 to 2025. Global flexible AC transmission systems (FACTS) installation revenue is anticipated to increase to nearly $40 billion during the forecast period. Currently, U.S. and Europe are the largest players in the global flexible AC current transmission systems market (FACTS market) due to replacement and up gradation of power infrastructure. However, APAC and Japan are anticipated to be the emerging regions in global flexible AC current transmission systems market due to increase in demand of renewable power sources.

Flexible AC Current Transmission System Market: Key Players

Major players in the global flexible AC current transmission systems market (FACTS market) are ABB, Alstom, Eaton and Xian Electric Engineering, General Electric, Mitsubishi Electric, Toshiba, Siemens, America Superconductor Corporation and Others.

This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, regions, product type and distribution channels.

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The report covers exhaustive analysis on:

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

Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain, 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)

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.

Flexible Ac Current Transmission System Market

Report Highlights:

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

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

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The global Modular Energy Control System market is set to reach a valuation of US$ 3.6 Bn by 2022, and further grow at a CAGR of 8.4% during 2022-2032. The top 3 nations are anticipated to control around 56.8% of the market by the end of 2022, as sales of modular energy control systems are expected to soar.

A modular energy control system allows an energy consumer to better balance generation, consumption and storage of electrical energy. It also allows the energy consumer to store the electrical energy generated from different sources such as PV (photovoltaic) panels, batteries, etc. With conventional use of modular energy control systems, consumers can more efficiently use the energy resources by monitoring energy supplies and projecting energy demands. However, the equipment required to integrate and coordinate energy balancing may be bulky and expensive.

However, use of alternative sources of technology has been limited due to various reasons such as uncertainty of alternative energy supplies (e.g. water, sunand wind), difficulty in recovering costs and difficulty in integration all the sources and devices into a single conventional electrical control system.

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As demand for energy is increasing worldwide along environmental conservation measures and volatility in energy prices, there is urgent need for development of alternative energy sources and energy conservation. Some of the developments include automatic timers and programmable thermostats which turn off lights when not needed and control their heating and cooling systems to reduce consumption.

A modular energy control system is a wireless base unit which communicates with one or more wireless load manager units to receive power supply and demand projections from one or more loads connected to the wireless load manager. In case of dynamic variables such as change in electricity prices, the base unit transmits the message to the load manager to reduce power consumption by one or more loads or to shut it off if required. New load managers can be added to the system with a scalable cost and minimal configuration.

For instance, a business pays electricity bills on perkilowatt-hour basis. The company bears an additional charge for peak hours during the billing period. Using modular energy control systems, the instantaneous energy usage can be monitored. The system can then be adjusted so as to discourage peaky consumption because of high cost, for a short period. If the demand exceeds a threshold, demand from the grids can be reduced using batteries or critical energy users like freezers, which can be easily unplugged or disconnected using direct controls, controllable relays or sensors.

The need for efficient energy generation, consumption and storage is the major market driver for modular energy control systems. The use of renewable energy resources for generation of electrical power on a large scale is one of the major challenges for the modular energy control systems, as the stability of the grid is affected. The market for modular energy control system can be segmented into software and hardware solution providers. Top ten EMS (Energy Management Software) providers are JouleX Energy Manager, Utilities Direct, SAPSE, EnergyCAP, Schneider Electric,PowerLogic ION EEM, CRedit360, eSight Energy, C3 Energy, Hara EEM and CA Technologies.

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The research report presents a comprehensive assessment of the modular energy control system market and contains thoughtful insights, facts, historical data, and statistically supported and industry validated market data and projections with suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, geographies, types, technology and applications.

Global Modular Energy Control System Market

Report Highlights:

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

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

Contact:
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
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Manufacturers will have to pay special attention to quality and safety parameters of their products. Furthermore, offering a proper guide or safety manual for the appropriate use of dehumidifiers can also lead to curbing the number of fire incidents caused due to humidifiers, ultimately reducing its impact on the dehumidifiersmarket growth.

Improving the quality and consistency of air inside homes is becoming a necessity, which was never identified as a need before, and this is emerging as the most important factor boosting growth of the dehumidifiers market.

Manufacturers are beginning to introduce dehumidifiers that not only manage and control the humidity and act as a dehumidifier for house or industrial dehumidifier, but also reduce the amount of indoor air pollutants.

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According to the FMI’s report, the Dehumidifiers market is projected to record a CAGR of xx% over the forecast period. To receive the detailed insights about the Dehumidifiers market, our experts relies on the primary and secondary research, and various wide range of data set gathered from organic and inorganic sources to provide estimates for the upcoming decade.

Future Market Insights upcoming report on global Dehumidifiers market uncovers hidden opportunities and potential threats. The report gives an incisive coverage on the Dehumidifiers market through a detailed segmentation on its key growth drivers, opportunities, restraints and challenges expected to prevail the market in the upcoming years. According to FMI, the industrial automation industry is expected to have a positive outlook through 2022 and beyond.

Increasing usage of machines and demand for high quality products in various industries coupled with installation of smart devices in the machinery are some of the factors propelling the growth of Dehumidifiers market in industrial automation industry. Industries are implementing the automation to increase the productivity and reduce labor costs. FMI provides detailed insights about the industry for the market players to craft their long-term strategies to maintain the competitive edge in the industry.

Understanding the Impact of Covid-19 on Industrial Automation Industry

The COVID-19 outbreak has been posing staggering challenges for the industry. Like other industries, the industrial automation industry has been particularly affected due to the lack of equipment and availability of the products. Furthermore, dearth of labor, factory closures, and supply restrictions induced by the pandemic crisis resulted in slight setback in 2022.

Lack of human assistance and key player’s hesitation in investing for high-end machineries during the pandemic has negatively impacted the industrial automation industry in 2022. However, with relaxation in lockdown, the Dehumidifiers market has picked up the pace.

The FMI’s recent report talks about the market scenario in the chapter on the Covid-19 impact analysis to aid the market players for the upcoming years. The report gives a detailed market analysis surrounding the market condition and its impact on the Dehumidifiers market.

Key Questions Answered in the Report

1. What are the key trends and challenges that will affect global Dehumidifiers market in upcoming years?
2. What are the factors that will influence the Dehumidifiers market demand?
3. Which region will be the most lucrative for Dehumidifiers market throughout the forecast period?
4. How will evolving regulatory policies impact the market growth?
5. What is the impact of Covid-19 on the Dehumidifiers market?

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Dehumidifiers Market: Segmentation

By Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East and Africa

Detailed analysis on the geographical region and country wise insights are offered in the latest Dehumidifiers market report with established market players as well as incumbents in the region.

Comprehensive analysis of the regional markets offers exclusive insights on the market performance across geographies along with relevant graphs, figures, and list of tables.

Competitive Analysis

By Prominent Market Players

• Electrolux (Frigidaire) and General Filters, Inc.
• Whirlpool Corporation
• LG Electronics Inc.
• Haier Group
• Honeywell International, Inc.
• Sunpentown International, Inc
• Therma-Stor LLC
• De’Longhi Appliances S.r.I.

With a detailed segmentation on segments and sub-segments, the FMI’s study offers the strengths, weaknesses, growth prospects and opportunities of each player. The report also includes important market study including the historical revenue prospects, pricing strategy, and marketing strategy adopted by these players in the Dehumidifiers market.

About Us:

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

Contact:
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Latest Report: https://www.futuremarketinsights.com/reports/
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