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According to a recent report by Future Market Insights, the global hydrolyzed egg market is estimated to reach a valuation of US$ 187.6 Mn by 2032, surging at 8.0% CAGR in the evaluation period (2022-2032).

Water softly modifies phospholipids with the use of targeted enzymes during hydrolysis to increase the functionality. Enzymes are known as natural catalysts for chemical reactions, which are any reactions that alter molecules, and they can be very specific.

When compared to hydrolysis, which is dependable on a strong acid to break down a product without any discrimination, enzymatic modification of materials is generally regarded as a more natural process.

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There are no chemically synthesized materials used, resulting in a clean label that will appeal to customers. Hydrolyzed eggs can also provide smaller droplets, heat stability for improved stability in emulsion, and the benefits of longer shelf-life for finished products when used correctly.

Key Takeaways: Hydrolyzed Egg Market

• The U.S. hydrolyzed egg market is set to dominate in North America by accounting for 81% of share in 2032.
• China hydrolyzed egg market is expected to grow at a CAGR of 7.2% and reach a valuation of US$ 15 Mn by 2032.
• By application, the food and beverage segment is likely to grow at a CAGR of 6.7% during the forecast period.
• Based on source, the whole eggs segment is anticipated to grow at a CAGR of 7.1% during the evaluation period from 2022 to 2032.
• Top 3 countries in the global hydrolyzed egg market are estimated to generate a share of about 28% in the assessment period.

“Compared to a standard whole egg, hydrolyzed eggs provide more functionality during the time of emulsification, which is a critical component for pet food products during production and shelf life expansion. It is set to push growth in the market during the forecast period,” says a lead analyst at Future Market Insights.

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Competitive Landscape: Hydrolyzed Egg Market

The global hydrolyzed egg industry is highly competitive. Market participants are implementing strategies such as new product development to expand their product portfolios, increase their market shares, and capitalize on growth opportunities.

• In September 2020, Bouwhuis Enthoven developed two new protein ingredients based on egg whites to help overcome shelf-life and sensory challenges in high-protein snacks. The product, marketed under the brand name Eggcellent, is high in protein and low in fat and carbohydrates.

Some of the key players in the hydrolyzed egg market include DEPS, Bouwhuis Enthoven, NOW Foods, Taiyo Kagku, Rose Acre Farms, Sanovo Technology Group, Alver, EUROVO S.R.L, Sharrets Nutritions LLP, GF Ovodry S.P.A., Rembrandt Foods, Taj Agro Products, BNL Food Group, and AVANGARDCO among others.

Get More Valuable Insights on Hydrolyzed Egg Market

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

The study divulges compelling insights on the hydrolyzed egg market based on nature (organic, conventional), source (liquid egg white, egg yolk, whole egg), and application (food & beverages, nutraceuticals, cosmetics & personal care, animal feed & pet food, others) across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).

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About Food & Beverage Division at Future Market Insights

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

About FMI

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

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Polysorbate-80 (PS80), also known as “tween 80” is a fatty acid esters of Polyoxyethylene Sorbitan. PS80 consist of a heterogeneous chemical structure distribution. PS80s are commonly used as non-ionic surfactants in the formulation of bio therapeutic products to prevent surface adsorption and stabilize protein against aggregation induced by stresses such as agitation and shear. It is widely used in food preparation, pharmaceuticals, and personal care and beauty products, such as cold creams, baby lotions, bath oils, and suntan lotions.

Polysorbate80 is also used in ice cream preparation as it prevents the ice cream from melting rapidly. It is also used in formulating influenza vaccines.

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Polysorbate-80 Market: Drivers & Restraints

The continuous rise in demand from the end use industry such as pharmaceuticals, food & beverages, personal care & cosmetics, plays a vital role in the growth of the global polysorbate market. Today the market is also experiencing a huge demands for the bio based products, which is also contributing to the growth of the global polysorbate market. Increasing awareness about the use of quality skin care products is a major driver for the industry.

Polysorbate-80 is normally extracted from natural sources such as; turkey-red oil and coconut oil. Depletion of such natural resources might prove to be a major constraint for the market globally. Polysorbate-80 in some case has caused skin irritation and other minor skin disorders. These side effects could also act as a restraints in this market.

Availability of cheap and synthetic substitutes, mainly in the form of borax & sodium borate could act as a potential threat for the market globally.

Polysorbate-80 Market: Region Wise Outlook

Geographically, the polysorbate-80 market is segmented into seven regions which are; North America, Latin America, Western Europe, Eastern Europe, Japan, Asia Pacific excluding Japan (APEJ), Middle East and Africa (MEA) and Japan.

Polysorbate-80 Market: Key Players

Some of the key players across the value chain dominating this market are; Lotion crafter LLC, Croda International plc, Mohini Organics Pvt. Ltd., Huyze Bladelin, Solenis, Croda International, Camden-grey Essential Oils, Mohini Organics Pvt. Ltd., M S Mehta & Co, Shine-Sarod Nigeria Limited, Chimi Gostaran Saba ( C. G. S. ), Reachin Chemical Co., Ltd. Guangzhou Runhua Food Additive Co., Ltd, Wmc marketing, Gulf Care Factory, and Mukasa Distributors Ltd.

Regional analysis for Polysorbate-80 Market includes

• North America
  • US & Canada
• Latin America
  • Brazil, Mexico, Others
• Western Europe
  • EU5
  • Nordics
  • Benelux
• Eastern Europe
• Asia Pacific
  • Australia and New Zealand (ANZ)
  • Greater China
  • India
  • ASEAN
  • Rest of Asia Pacific
• Japan
• Middle East and Africa
  • GCC Countries
  • Other Middle East
  • North Africa
  • South Africa
  • Other Africa

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

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Polysorbate-80 Market: Segmentation

The global polysorbate-80 market is broadly segmented on the basis of source, and application.

On the basis of source, it is further be segmented into;

• plants source
• animals source
• synthetic source
• palm
• olive
• bay tree, etc
• cow fat
• sheep fat
• pig fat, etc

On the basis of application, the global polysorbate-80 market can be segmented into

• food & beverages
• pharmaceuticals
• personal care & cosmetics

Report Highlights:

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

About FMI

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

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As per FMI, the global pulse products market size is valued at US$ 1,28,023.8 Mn in 2022 and is expected to grow to US$ 1,95,044.6 Mn by 2032, with overall sales likely to rise at 4.3% CAGR throughout the forecast period.

Growing health awareness among people and growing demand for nutritious plant-based products are driving the global pulse products market.

Plant-based products are both healthier and safer than animal-based products. The pulse products market is being driven by the growing popularity of veganism around the world and increasing applications of pulse products in bakeries, snacks, beverages, and pet food.

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 Pulse products are linked to a number of health benefits. Some of these health benefits include improved heart health, lower blood pressure, and reduced cholesterol levels. Additionally, pulse products have also been linked to a decreased risk of developing certain types of cancer, which has led to a growing consumer preference for these products. This will continue to boost pulse products market during the forecast period.

Another factor driving the sales of pulse products is the growing demand for vegan and gluten-free foods. Pulse products have become great choices for people with dietary restrictions or allergies as they are low in carbs and calories. Pulse products are also non-GMO and made with organic ingredients. This appeals to consumers who are looking for healthy, natural products.

Key Takeaways:

• Based on product, dry peas segment is expected to account for a significant value share of over 13% in the global pulse products market in 2022.
• By type, the pulse protein segment is likely to grow at a higher pace during the forecast period.
• North America is projected to hold a revenue share of around 34.4% in the global pulse products market during the forecast period.
• The India pulse products market is anticipated to expand at around 5.4% CAGR between 2022 and 2032.
• The pulse products market in the U.K. is expected to grow at a steady CAGR of 4.6% during the projected period.
• The U.S. pulse products market is expected to reach a valuation of US$ 34 Bn in 2022.

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“Rising demand for healthy and nutritional products by consumers is projected to boost the pulse products market during the projected period. Besides this, growing applications in pet food will further propel the demand for pulse products over the next ten years,” says a lead analyst at Future Market Insights.

Rising Usage in Food Products Boosting Pulse Products Market

Companies are using pulse products in their food products because they are a healthier option than some other types of food. For example, pulse flour is lower in calories and has more nutrients than other types of flour.

Pulse products are used by companies like Avena Foods to create functional foods and supplements. The products come in many forms, including powders, granules, and tablets. They can be used to create healthy snacks or meals, and they are also popular among athletes and those looking to maintain a healthy weight.

Competitive landscape:

Top 5 manufacturers of pulse products include Roquette, Vestkorn, Purisfoods, Avena Foods and  ADM, together holding around 20% to 30%  Pulse products market share. These companies are adopting various organic and inorganic strategies such as new product launches, mergers, acquisitions, collaborations, partnerships, price reduction, and strengthening of distribution channels to improve their revenue share as well as expand their global footprint.

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Get More Valuable Insights

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

The study provides valuable insight on the pulse products market based on by Product (Chick Peas, Kaspa Peas, Lentils, Pigeon Peas, Fava Beans, Black Gram, Beans, Lentils, Dry Peas, Mung Beans, Other), By Type (Pulse Fiber, Pulse Grits Pulse Starches, Pulse Protein, Pulse Flour), By Application (Bakery, Beverages, Extruded Snacks, Pet Food, Others), By End Use (Home use, Snack Food Industry, Flour Industry, Others)

About Food & Beverage Division at Future Market Insights

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

About FMI

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

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As per FMI, the global flour substitutes market size is expected to grow from 26,322.3 Mn in 2022 to US$ 42,066.5 Mn by 2032, with overall sales accelerating at 4.8% CAGR throughout the forecast period.

Rising demand for gluten-free products along with increasing prevalence of allergies and celiac disease is a key factor driving growth in the global flour substitutes market.

Flour substitutes are linked to a number of health benefits. Studies have shown that flour substitutes can help lower cholesterol levels and improve blood sugar control. They can also help reduce the risk of heart disease and stroke., which has led to a growing consumer preference for these and in turn is accelerating the flour substitutes market.

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Another factor driving the increased sales of flour substitutes is the health benefits that they offer. Many of these substitutes are made with whole grains and other healthy ingredients, which means that they can be a great way to get your daily dose of fiber and other nutrients. And since they’re often lower in calories than traditional flour, they’re also a good option for people who are watching their weight.

Similarly, widening applications of flour substitutes across food processing and bakery industries will bode well for the market during the forecast period.

Flour substitute market manufacturers are developing novel ways to incorporate these products into various processed foods. They are investing in research and development to introduce novel flour substitutes that are rich in healthy nutrients.

Key Takeaways:

• Based on product, the chickpea flour segment is expected to grow at the highest CAGR of 5.4% during the forecast period.
• North America holds around 30.5% share of the global flour substitutes market and it is likely to retain its dominance during the projected period.
• The flour substitutes market in India is likely to grow at around 4.5% CAGR between 2022 and 2032.
• The U.K. flour substitutes market is expected to grow at a steady CAGR of 3.6% throughout the forecast period.
• The U.S. flour substitutes market is expected to reach a total valuation of US$ 346 Bn in 2022.

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“With rising health awareness and surge in cases of lactose intolerance, consumers are shifting towards flour substitutes as they are low in carbs and calories yet richer in protein and fiber. This will boost the overall flour substitutes market over the next ten years,” says a lead analyst at Future Market Insights.

Competitive landscape:

Top 5 manufacturers of flour substitutes are Bob’s Red Mill, King Arthur Flour, Hodgson Mill, Pillsbury, Arrowhead Mills, holding 20% to 30% of the flour substitutes market share.

Companies are using flour substitutes in their products. This is because flour substitutes are cheaper and easier to obtain than wheat flour. Additionally, flour substitutes can be used to create a variety of textures and flavors. With increasing research and development and technological advancements, companies are finding new techniques to effectively use flour substitutes to their maximum potential.

Get More Valuable Insights

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

The study provides valuable insight on the Flour Substitutes market based on By Product (Corn Flour, Rice Flour, Sweet Potato Flour, Spelt flour, Buckwheat flour, Quinoa Flour, Oat flour , Coconut flour , Chickpea flour, Brown rice flour, Rye flour, Amaranth flour, Teff flour, Millet flour, Almond Flour),By Application(Baked Goods, Noodles, Pastry, Fried Food), By Type(Gluten-containing flours, Gluten-free flours)

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About Food & Beverage Division at Future Market Insights

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

About FMI

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

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The global flat glass market is projected to reach a value of US$ 8.8 Bn by 2032, with the market growing at a standard CAGR of 5.2% from 2022 to 2032. Scaling up from a value of US$ 5 Bn in 2021, the target market will reach an estimated US$ 5.3 Bn in 2022. Elevated demand for durable, energy-efficient, and affordable building products is abetting the growth of the flat glass market. A rising shift in consumer preference for glass in interior and exterior building structures for aesthetic value is further supplementing the growth of the target market during the forecast period.

The rapidly advancing construction sector is the prime growth driver of the flat glass market. The increasing spending on infrastructure projects and the development of eco-friendly green buildings, that is expected to help reduce carbon emissions into the environment, is further aiding the growth of the flat glass market.

Owing to the rising demand for renewable energy all over the globe, the market for flat glass will likely observe a rise in its international sales. This is because flat glass is typically used in photovoltaic modules, e-glass constructions, and solar panels. Hence, a rising demand for renewable energy also pushes the demand for flat glass. This material is increasingly replacing traditional materials like bricks, stone, and wood. In addition, insulated flat glass is transparent and recyclable, which reduces pollution and also increases comfort for building residents.

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Another factor that propels the market growth is the booming automobile industry. Tempered glass is increasingly utilized by automotive manufacturers owing to its shatterproof properties, which can help avoid severe injuries and potential life threats in the course of an accident. Other aspects, like the application of nanotechnology to make lightweight glazing glass and solar control panels, along with growing urbanization and increasing disposable incomes, are fueling to the flat glass market during the forecast period.

“A surge in infrastructure spending on the development of green and eco-friendly buildings will supplement the global growth of the flat glass market over the forecast period,” says an FMI analyst.  

Key Takeaways:

• Expanding construction and infrastructure sector drives the market growth.
• Fluctuating raw material prices may hamper the market growth.
• Expanding residential construction sector will propel the target market in the United States.
• The Asia Pacific region is expected to dominate the target market during 2022-2032.
• Infrastructural development in the Asia Pacific region will fuel the flat glass market.

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Competitive Landscape 

Asahi Glass, Nippon Sheet Glass, Guardian Industries, and Saint-Gobain among others are some of the major players in the flat glass market profiled in the full version of the report.

Key market players are focusing on forming strategic alliances to amplify their market share. These enterprises are employing tactics like partnerships and collaborations to strengthen their market positions.

More Insights into Flat Glass Market Report

In its latest report, FMI offers an unbiased analysis of the global flat glass market, providing historical data from 2015 to 2020 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of glass type (toughened flat glass, laminated flat glass, coated flat glass, extra clear flat glass, mirrored flat glass, patterned flat glass, annealed flat glass), application (flat glass for silicones, flat glass for agriculture chemicals, flat glass for pharmaceuticals, flat glass for chemical intermediates, flat glass for personal care, flat glass for other applications), and region.

According to the latest FMI reports, based on region, the Asia Pacific will offer signification growth opportunities to the flat glass market during 2022-2032. This region is anticipated to account for a major share of the global flat glass market owing to the fact that a vast share of flat glass consumption comes from ASEAN countries, China, Japan, and many others. Infrastructural growth in this region will also foster growth for the target market during this period of observation.

In North America, the flat glass market will expand at a high growth rate due to the rising construction of privately owned housing in the United States. Thus, North America and Asia Pacific are two of the regions likely to offer various lucrative opportunities for the flat glass market during the forecast period.

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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.

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The electrical steel market is expected to grow at an opulent rate of 6.5% CAGR during the forecast period ranging from 2022 to 2032. The global electrical steel market is anticipated to reach a total worth of around US$ 37.5 Billion in 2022 with an estimated valuation to surpass around US$ 70.5 Billion by 2032. While non-grain-oriented electrical steel is likely to occupy a dominant market share. The grain-oriented electrical steel demand is predicted to surge at a robust pace with year-on-year growth at 5.7% CAGR in 2022.

The global growth of the electrical steel market is attributed to the surge in power generating and transmission projects. The demand for electrical steel has witnessed a robust surge and a variety of applications within the end-use industries. According to historic estimations, in 2021, total revenue in the electrical steel market’s energy sector witnessed exponential growth. According to the estimations by FMI, demand increased by 6% between 2021 and 2022, allowing electrical steel markets to rise by more than 5% year on year in 2022.

Initiatives to improve power distribution centers in emerging countries are prominent reasons to fuel the demand for electrical steel. Leading steel manufacturers are working on increasing their production and distribution capacity in a variety of regions. Several corporations are rapidly engaging with regional producers to strengthen their industrial research operations. The automotive industry is one of the vital end-use sectors responsible for the surge in demand for electrical steel.

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Key Takeaways

• One of the crucial reasons driving market expansion is attributed to the surging demand for electric motors across several residential, commercial, and industrial sectors. Electrical steel is most commonly utilized throughout the production of motors which come with higher magnetic flux and torque, as well as power generators with improved electromagnetic characteristics and low carbon dioxide emissions.
• In addition to that, the rise in hybrid and electric vehicles is propelling market expansion. Electric steel is a prominent element utilized in-vehicle components to reduce weight while simultaneously improving aesthetics and safety. Attributing to this, demand for the electrical steel market has seen a reasonable surge for long-distance power transmission and infrastructure construction operations with low energy losses is also contributing to market expansion.
• Several other growth-inducing elements incorporate product developments such as the invention of non-grain-oriented electrical steel with homogenous magnetic characteristics. It identified widespread applications in rotating machinery, electric motors, commercial power generators, and consumer electronics. Numerous other factors are anticipated to expand the market including a reasonable increase in the energy and power industries combined with the implementation of favorable government policies supporting sustainable development.
• Moreover, the global electric vehicle market is on the rise which is anticipated to stimulate demand for EV materials. China is expected to bolster the growth of the electrical steel market as it is emerging as a highly profitable market for electrical steel manufacturing and export. This is due to increased demand from the country’s industrial and automotive sectors, as well as the adoption of new technologies and increased production capacity.

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Competitive Landscape

Dominant market players in the electrical steel market are pursuing strategic alliances and partnerships with multiple other manufacturers in order to enhance their product manufacturing capacity in order to meet the increasing demand of a rising customer pool.

Novolipetsk Steel, Voestalpine Stahl GmbH, POSCO, Nippon Steel & Sumitomo Metal Corporation, ThyssenKrupp AG, JFE Steel Corporation, Cogent Power, ArcelorMittal SA, Aperam SA, Baosteel Group, AK Steel Holding Corp, Allegheny Technologies, Inc., Phoenix Mecano AG, Leicong Industrial Co., Ltd., Nicore Electrical Manufactory Co., LTD., Steel Authority of India Limited

More Insights into the Electrical Steel Market

In 2021, North America dominated the electrical steel market as it accounts for around 8.0% of the worldwide market. The region is expected to surge due to the growing emphasis on power generation and EV production has elevated the urgency for electric motors and charging stations, which is boosting the market for electrical steel.

As per Future Market Insights estimations, the East Asian market will continue to prevail in its dominance over the global electrical steel market over the projection period. According to the analysis, China would account for more than 52% of the East Asian market by 2032.

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In 2022, the global purified terephthalic acid (PTA) market is anticipated to be worth US$ 58,248.1 million. Polyester fibres’ rising use due to their ability to blend with various natural and synthetic fibres is expected to drive demand during the projection period. Purified terephthalic acid (PTA) consumption is expected to expand at a 5.5% CAGR between 2022 and 2032, totaling roughly US$ 99,496.2 Million by 2032.

Purified terephthalic acid (PTA) is a crucial element in manufacturing man-made fibers. Around 70-80% of polyester products are made up of purified terephthalic acid. Purified terephthalic acid is a cost effective alternative to dimethyl terephthalate (DMT), PTA has been a commonplace in the textile and packaging sectors. Moreover, PTA is finding application in healthcare sector for treating peptic ulcer, reflux esophagitis and gastroesophageal reflux disease (GERD). The global purified terephthalic acid market is projected to grow at a healthy CAGR over the forecast period, 2020-2030. Market players are exploring growth potentials in marine, construction, and transport & wind energy industries.

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Impact of COVID-19 on Purified Terephthalic Acid (PTA) Market

The global economy is witnessing deepest recession after WW2 due to COVID-19 pandemic, and its effect is apparent across the global purified terephthalic acid market as well. Due to halt in export and import from various countries, demand for textile has reduced, and manufacturers are forced to curtail production or shut down their production units. According to just-style, about 80% of textile industries in Africa have faced downfall during the pandemic. Moreover, majority of market players are dependent on China for raw materials. As the country is facing the second wave of the pandemic, reinstating lockdowns in key manufacturing hubs are severely hampering the supply chain disruption of purified terephthalic acid market.

On the flip side, PTA is finding immense use in manufacturing of personal protective equipment (PPE) kit amid the pandemic. PPE kits have become a must for the frontline healthcare workers in order to protect them from the coronavirus while treating patients. As such, surging demand for PPE kits from various sectors is offering lucrative prospects for PTA manufacturers. With 3600 manufacturing units, about 2 lakhs personal protective equipment (PPE) kits are produced in India alone.

Purified Terephthalic Acid (PTA) Market Regional Analysis

Asia Pacific (APAC) continues to hold leading share in purified terephthalic acid market. China is the largest manufacturer and exporter of PTA in the world. Additionally, APAC is the largest textile consumer, especially polyester fabric and yarn. Growing at a CAGR of around 5%, the APAC textile is poised to register revenues worth US$ 520 by 2024. Further, surging sales of apparels through online platforms is anticipated to provide remunerative opportunities for PTA manufacturers. Going forward, North America is also attracting significant stakeholders’ investments, given rising adoption of polyethylene terephthalate (PET) in bottling and packaging industries. Studies find that the PET bottle industry in the region is expected to exhibit stable growth in the coming years.

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Purified Terephthalic Acid (PTA) Market – Competitive Landscape

The global purified terephthalic acid market is highly fragmented, key manufacturers accounting for slight over a third of overall market revenue. Market leaders are focusing on collaboration and capacity expansion to maintain their competitiveness in the purified terephthalic acid market. For instance,

• BP has formed strategic collaboration with China Resources Chemical Innovative Materials holding Limited (CRC) to create and improve flexibility of its polyester value chain.
• Sinopec Yizheng Chemical Fibre Company has collaborated with SIBUR Holding to invest in Amur GCC for expansion of new and large-scale projects.

Players in global purified terephthalic acid market include

• Sinopec Yizheng Chemical Fibre Company
• Mitsui Chemicals
• Reliance Industries Limited
• Eastman Chemical Company
• DuPont, Formosa Plastics Group
• Alfa Group
• Indian Oil Corporation
• Mitsubishi Chemical Corporation
• SABIC
• Samsung Petrochemical Co. Ltd.
• Samyang Corporation.

Purified Terephthalic Acid (PTA) Market – Segmentation

Purified terephthalic acid market is segmented on the basis of following,

By Application

• Polyester
• By Grade
• Fiber & Yarn Grade
• Polybutylene terephthalate (PET) Grade
• Film Grade
• Polybutylene Terephthalate (PBT)
• Plasticizers
• Others

By End User

• Textile
• PET Bottles
• Packaging

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The global polydimethylsiloxane market is estimated to reach $2,644.7 million by 2032, increasing at a 5.6% CAGR. In 2022, the market is expected to be worth $1,533.7 million. The demand for complex polydimethylsiloxane systems is being driven by modern medical developments. The demand for cosmetics and personal care items is also propelling the polydimethylsiloxane industry forward. Polydimethylsiloxane makers have increased manufacturing facilities to accommodate the rising demand for self-healing composites from end-use sectors, while also developing new goods in the market.

Polydimethylsiloxane (PDMS) is an inert, nonflammable and nontoxic silicon based organic polymer. Generally it is referred as dimethicone.  Polydimethylsiloxane is optically clear and viscous substance. The properties such as water repellency, low surface tension, low vapor pressure, oxidation resistance, anti-foaming, heat, resistance, heat stability, good dielectric properties and others makes PDMS a very useful substance in various industrial applications.

These diverse set of properties of Polydimethylsiloxane are used in medicines, cosmetics, hydraulic fluids, surfactants, anti-foaming agents, coating, domestic products and others.

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Global Polydimethylsiloxane Market: Drivers and restraints

The chemical and physical properties of PDMS are highly utilized in various application sectors such as cosmetics and medicines. The growing cosmetic sector which is forecasted to be of U.S. $ 265 Bn. by 2017 is a major contributor to the demand ofpolydimethylsiloxane. Industrial growth of developing economies is expected to raise the demand for PDMS for lubrication, hydraulic fluids, as well as for coating techniques.

On the other hand PDMS is a non-bio degradable material hence proper disposal techniques might yield to rise in cost composition.Polydimethylsiloxane is generally considered to be safe when applied on the surface or skin, but some researcher argue about the hazardous effect it might cause when taken into body. Hence it might affect the consumer mindset if not clarified or researched further

Global Polydimethylsiloxane Market: Region-wise Outlook

The main producer of polydimethylsiloxane are USA and China accounting to the major part of the total production by market. The other major producers are from Western Europe especially from Germany, U.K and France. The rapid industrialization in developing economies in Asia and Africa are forecasted to be beneficial to the global polydimethylsiloxane market. Europe is also showing positive demand because

Global Polydimethylsiloxane Market: Key players

Some of the major manufactures of PDMS are Dow Corning Corporation, Wacker Chemie AG, Bluestar Silicones, Hubei Xin Sihai Chemical Co., Momentive, Shin-Etsu Chemical Co. Alfa Aesar GmbH & Co. KG, Sigma Aldrich Corp., Jinan Haohua Industry Co. Ltd., TCI Tokyo Chemical Industry Co., Fisher Scientific International Inc.

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

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.

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Global Polydimethylsiloxane Market: Segmentation

On the basis of types, global polydimethylsiloxane market is segmented into:

• Lower molecular weight polydimethylsiloxane
• Higher molecular weight polydimethylsiloxane
• Ultra High molecular weight polydimethylsiloxane

On the basis of application, global polydimethylsiloxane market is segmented into:

• Lubricants and Greases
• Surfactants and Antifoaming agents
• Pharmaceutical and Cosmetic  Industry
• Food &  Beverages industry
• Other ( Contact lens ,Silly putty and others)

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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.

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The global basalt fibre market is anticipated to reach a value of US$ 661.3 Mn by the end of 2032. There is a significant rise in demand for basalt fibre from the construction industry as a non-corrosive material and growing awareness about the various advantages of basalt fibre, such as enhanced mechanical, physical, and chemical properties. The adoption of basalt fibre as a sustainable replacement for plastic fibre among various end-use industries is considerably boosting its sales.

The market for basalt fibres has been significantly influenced by certain demographic factors, macro-economic factors, and certain innovation factors, including urbanization, development in the building and construction industry, increasing vehicle production, rising demand for environmentally friendly products, and technological advancements in the automobile and aircraft industry. The construction sector is expected to hold a prominent share of the global basalt fibre market.

Due to new stringent government rules and regulations, the demand for environmentally friendly and easily recyclable fibre and composite products is increasing drastically. Many consumers prefer to use recyclable products that do not harm the environment. Developed countries such as the US, Japan, and Germany are at the forefront of the use of environmentally friendly products rather than petroleum-based products.

These regulations, combined with end-user demand for environmentally friendly products, are encouraging manufacturers to use natural fibre composites, including basalt fiber, in construction and infrastructure, automotive and transportation, electrical and electronics, marine, and other end-use industries.

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Innovations leading to more efficient and cost-effective production technologies of basalt fibres are expected to create new opportunities in the foreseeable future. To increase basalt fibre production capacity, some manufacturers are shifting from complex and inefficient manufacturing processes to Technology 2.0.

“Growing production advancements such as generation 2.0 production technology, 3-D printing, and the introduction of efficient and environmentally friendly products for end-users are expected to create a significant opportunity for basalt fibre manufacturers,” says an FMI analyst.

Key Takeaways:

• The global market for basalt fibre is projected to witness a CAGR of 6% during the period of 2022 and 2032.
• Significant growth in end-use industries such as construction, automotive, and aerospace is boosting basalt fibre market demand.
• China is anticipated to remain one of the prominent countries in the global market for basalt fibre.
• By product type, the continuous basalt fibre segment is expected to remain one of the fastest growing segments, and is estimated to account for about 1% of the overall market size in 2021.
• The construction and automotive segments are expected to remain key end-use industries for the consumption of basalt fibre with a combined market share of more than 75% in 2021.

Competitive Landscape

The market for basalt fibre is estimated to be a consolidated market, where key players are expected to account for a significant share of the market.

ASA.TEC GmbH, Basaltex, Technobasalt-Invest, LLC, Sudaglass Fiber Technolog, Galen LLC, Kamenny Vek Basfiber, MAFIC SA, Zhejiang GBF Basalt Fiber Co. Ltd., Sichuan Aerospace, Tuoxin Basalt Industrial Co. Ltd., Togliattiazot, Shanxi Basalt Fiber Technology Co. Ltd., HG GBF Basalt Fiber Co. Ltd., and many others are some of the manufacturers of basalt fibre profiled in the full version of the report.

Key players are focusing on expanding their production capacity to increase their market presence all over the globe and to gain maximum traction in the market. In order to secure long-term demand, top players are also entering into long-term supply agreements with key end-use industries. For instance, in August 2020, Mafic USA partnered with Materials Group to increase the use of basalt fibre in the automotive industry. The companies are aiming to supply basalt fibre to auto OEMs and their tier one manufacturing suppliers as sustainable products.

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More Insights into the Basalt fibre Market Report

In its latest report, Future Market Insights offers an unbiased analysis of the global basalt fibre market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022-to 2032. To understand the global market potential, growth, and scope, the market is segmented based on product type, application, end use industry, and region.

About FMI – Chemicals and Materials

The Chemicals and Materials division of FMI offers a distinct and pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and nanotechnology in particular, with special emphasis on ‘green alternatives, recycling and renewable technology developments, supply-demand-trade assessment. Our research studies serve as referencing market guidelines for chemical manufacturers, research institutions, channel partners, and government bodies for developing – ‘The Way Forward’.

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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
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
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