Market Research Blog – Page 9803 – New Product Development

Shape Memory Polymer Market is Estimated to Register a Strong 26.9% CAGR Between 2022-2032

The global shape memory polymer market is projected to grow at a CAGR of 26.9% between 2022 and 2032, according to a recently published study by Future Market Insights. As of 2022, the market is slated to be valued at US$ 450.4 Million. By the end of the 2022-2032 forecast period, the market is expected to be valued at US$ 3.5 Billion.

Shape memory polymers are smart materials that can change their shape in response to external stimuli. The materials find extensive use in automotive, biomedical and aerospace industry. Biomedical industry is a key end-user of SMPs as they are employed in producing a plethora of diagnostic and surgical devices such as catheters, sutures, stents, braces, splints, prosthetics and grafts. Thus shape memory polymers (SMPs), as stimuli-responsive materials, have garnered worldwide fame.

Shape memory polymers are also intensively found in the construction industry and find use as self-healing materials in sensors or actuators or structural health monitors and vibration control systems. Their use in kinetic buildings will also hold significance to the industry. This, more so when the government is promoting an eco-friendly zone and green buildings to lower the carbon footprint and protect the environment.

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Key Takeaways from the Market Study

By application, research & development to be dominant category, reaching US$ 2 Billion by 2032
Shape memory polymers to be used extensively by automotive manufacturers, registering a 21% CAGR
By material, polyurethane shape memory polymers to accumulate 38% revenue in 2022
North America to emerge as the fastest growing market, clocking a CAGR of 26%
Latin America market is likely to experience a growth rate of over 10% by 2032
Asia Pacific to attract considerable investments, reaching a value of US$ 540 Million by 2032

“With continued attraction for shape memory polymer product in end-user industries such as healthcare, biomedical, construction, automotive textile and aerospace, for changing contours dictated by random needs, and in a spate of lesser known applications, the product is poised to achieve growing market share in forthcoming years”, remarks the FMI Analyst.

Competitive Landscape

The global shape-memory polymer market is fairly consolidated as the majority of the market share is divided among few players. Some of the key players in the market include BASF SE, COVESTRO AG, Evonik Industries AG, SMP Technologies Inc., and Spintech Holdings Inc., among others.

Asahi Kasei Corp. produces fiber products, chemicals, and electronic related materials based on its core discipline of chemistry, and globally pursues growth opportunities in the areas where they can leverage their technological expertise.
Covestro AG is a German company which produces a variety of polyurethane and polycarbonate based raw materials. Products include isocyanates and polyols for cellular foams, thermoplastic polyurethane and polycarbonate pellets, and polyurethane based additives used in the formulation of coatings and adhesives. It is a Bayer offshoot formed in the fall of 2015 and was formerly called Bayer Material Science, Bayer’s materials science division.

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Key Segments Covered in the Shape Memory Polymer Industry Report

Shape Memory Polymer Market by Material:

Polyurethane (PU) Shape Memory Polymer
Polyvinyl Chloride (PVC) Shape Memory Polymer
Acrylic Shape Memory Polymer
Epoxy Shape Memory Polymer
Other Shape Memory Polymer Material

Shape Memory Polymer Market by Application:

Shape Memory Polymer for Research & Development
Shape Memory Polymer for Commercial Applications

Shape Memory Polymer Market by End Use:

Shape Memory Polymer for Biomedical Use
Shape Memory Polymer for Automotive
Shape Memory Polymer for Aerospace
Shape Memory Polymer for Textile
Shape Memory Polymer for Other End Uses

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More Insights Available

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

The study provides an in-depth analysis of the market on the basis of material ( polyurethane (PU), polyvinyl chloride( PVC), Acrylic, Epoxy, other ), Application ( R&D, Commercial), End-User ( Biomedical, Automotive, Aerospace, Textile, others ) across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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 favour 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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Cocoa Based Polyphenols Market is Projected to Reach US$ 153.2 Billion by the end of 2032

The global cocoa based polyphenols market is set to witness an impressive growth rate of 5.8% over the forecasted years of 2022 to 2032. The cocoa based polyphenols market size is anticipated to reach a valuation of around US$ 153.2 Billion by the end of year 2032 from the current valuation of US$ 87.1 Billion in 2022.

Consuming polyphenols improves health and is also very successful at controlling weight resulting in its rising demand across several age groups. Recent developments in the cocoa based industry have shown the benefits of cocoa in nutritious goods owing to its large polyphenol content.

These beverages often characterized of having great immune-boosting properties. Adoption of ingredients like cocoa-based polyphenols in order to attract consumers have set the present market very lucrative for its growth.

Emerging organic trends in the market is witnessed to have fuelled the plant based polyphenols market. Cocoa based polyphenols market players have also surged the demand by emphasising on marketing the cocoa-based polyphenols product across global markets.

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Consumers’ acute worry for their general health and wellness as a result of the COVID-19 pandemic has led them to seek out healthier alternatives in food and drinks in an effort to strengthen their immune systems. Due to this reason, years following the outbreak of pandemic have witnessed a major boost in the cocoa based polyphenols market adoption trends along with other healthier alternatives.

Cocoa-based polyphenols market players are required to obtain approvals for their products in order to ensure that they are in compliance with environmental and health regulations that poses as a major hindrance for them.

Key Takeaways from Market Study

The overall growth of the global based polyphenols market is estimated to be around US$ 66.1 Billion over the forecast decade covering the years 2022 to 2032, by following the average CAGR of 5.8%.
The functional beverages segment is the most lucrative category for the coca based polyphenols market trends that occupies almost 32.7% of the revenue generated.
On the other hand the segment of the cocoa based polyphenols market for dietary supplements is exerting a rapid hike in growth owing to its growing popularity and wider supply of packaging products.
Asia Pacific is the emerging region for the coca based polyphenols market that contributes for more than 35% of the market share in the present market.
There is a rising trend of nutritional supplements in the North America region that is anticipated to drive the sales of cocoa based polyphenols in the US and Canada.

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Competitive Landscape

ADM, Barry Callebaut, Kemin Industries, Mars, Incorporated, Naturex S.A, Nutra Ingredients Limited, Polyphenols AS, Ajinomoto Natural Specialities, Sabinsa, BERKEM, and Diana Food are just a few of the major participants in the sector.

These companies are among the cocoa based polyphenols market key players that meet the rising demand from a variety of end-use sectors, including the food and beverage, healthcare, personal care, and pharmaceutical industries.

Recent Developments in the Global Packaging Market:

The Fytexia Company is offering a custom mechanism programme for choosing polyphenol supplies and blending them to develop recipes that are specifically tailored to the needs of users looking for natural sources of antioxidants to fortify their products with polyphenols. In 2019, Company launched Oxxynea O, a range of bioactive polyphenols that are extracted from natural plant products of fresh herbs, olive, grape, and cocoa.

Cocoa Based Polyphenols Market by Segmentation

By Application:

Functional Foods
Functional Beverages
Dietary Supplements
Others

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How is the Start-up Ecosystem in the Global Cocoa Based Polyphenols Market?

Due to expanding middle class and booming economy, the global market is becoming a source of substantial spending for consumers. Due to its highly fragmented and disorganized industry, the market is providing enormous development prospects to both local and foreign cocoa based polyphenols enterprises.

As evident from the new market research report on cocoa based polyphenols by FMI, several start-ups have emerged with a target of capitalizing on the growing preference for organic and natural food ingredients among urban people. Most of the new cocoa based polyphenols market players entering the sector are heavily relying on online channels for marketing and distribution of their products.

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Lubricants Market is Estimated to Register a Strong CAGR of 4.5% CAGR from 2022 to 2032

The global lubricants market is set to witness an impressive growth rate of 4.5% over the forecasted years of 2022 to 2032. The lubricants market size is anticipated to reach a valuation of around US$ 248 Billion by the end of year 2032 from the current valuation of US$ 160.2 Billion in 2022.

Asia Pacific countries dominate the global lubricants market and it is also poised to retain the top position during the projected years as well. Major lubricant market players are also moving their manufacturing facilities to Asia Pacific as a result of the region’s availability of cheap labour, rising demand, and supportive governmental regulations.

Several of machine lubricants incorporate additive technology to give prevent ring belts, gear boxes, and crankcases from wear and tear. These are also employed in slow-speed cylinders because they enhance the performance. Discovery of such advantages is anticipated to augment the lubricants market opportunities in the days ahead.

Global lubricants market key players are conducting end-user-focused operations, which has resulted in a high degree of improvements in terms of shortened delivery timelines and superior machine oil usability.

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While, many regional lubricant producers have created low-level channels of product distribution with local vendors so they may concentrate on other areas. These activities include developing new products like WD 40 spray, cutting oil, Molykote 111 and other products.

Key Takeaways from Market Study

In absolute dollar terms, the overall growth of the global lubricants market is estimated to be around US$ 88 Billion over the next ten years.
The lubricants market size is poised to witness a growth rate of 4.5% during the years 2022 to 2032.
Automotive sector is the largest end use segment, generating more than half of the total demand for lubricants in the global market.
Asia Pacific remains the dominating market for the sales of lubricants. The net worth of the said market is estimated to be around US$ 74 Billion in the current year 2022.
The Current net worth of the lubricants market size I North America is figured out to be nearly US$ 30 Billion out of which 90% of the total revenue belongs to US.
The North America lubricants market is dominated by the US, and it will experience some positive growths over the coming years that take the overall valuation up to US$ 41.2 Billion by the end of year 2032.

Competitive Landscape for the Global Lubricants Market

Some of the well-known lubricants machinery market players are ExxonMobil Corp., Pennzoil, Quaker Chemical Corp., Royal Dutch Shell Co., JX Nippon Oil & Energy Corp., British Petroleum, Lukoil, Total S.A, Chevron Corp., Philips 66 Company, and Sinopec Corp. among others.

Large-scale lubricants market players are concentrating on marketing techniques as well as new product specifications and innovation. To cut costs and consumer delays, several lubricants businesses owners are also rethinking about their supply chains.

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How is the Start-up Ecosystem in the Global Lubricants Market?

A significant number of newcomers in the global lubricant market are vying for attractive prospects in the worldwide market by forming strategic alliances to boost capabilities and broaden their reach into developing markets.

To attain sustainable company operations around the globe, start-ups in lubricant sector are continuously looking to build long-term contractual relationships with reliable partners. For entrepreneurs that capitalise on specialised markets and launch innovative items with attractive features, the market offers a number of lucrative chances.

Lubricants Market by Segmentation

By Base Oil:

Bio-based Oil
Mineral Oil
Synthetic Oil

By Product Type:

Automotive Oil
Hydraulic Oil
Gear Oil
Compressed Oil
Greases
Metal Working Fluid

By End User Vertical:

Automotive
Industrial
Marine
Chemical
Oil & Gas
Aerospace
Others

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Recent Developments in the Global Lubricants Market:

Valvoline Company developed a new type of lubricant oil for engine of all-terrain vehicles in July 2021. It emphasizes on longer protection of internal components making it an attractive product in the global lubricants market.
ExxonMobil and Nissan Motor Corporation of India entered into an agreement in March 2021 for the vehicle aftermarket to market a wide range of lubricants complying with the recently adopted BS-VI emission rules.

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Barbituric Acid Market is Estimated to Reach value of Approximately over US$ 31.04 Million by the end of 2032

The world market for barbituric acid is expected to reach around US$ 19.8 Mn by 2022. Furthermore, with increasing adoption of barbituric acid in industries like pharmaceutical, plastic, polymer, textile, etc., the total demand for barbituric acid is likely to grow at a constant CAGR of 4.6 % between 2022 and 2032 for a total of over US$ 31.04 Mn by 2032.

Barbituric acid is predominantly used for the production of barbiturate drugs. Barbituric acid is an organic compound characterized by six membered ring structure and belongs to the class of pyrimidine family. One of the barbiturate drug produced using barbituric acid is riboflavin which is used as vitamin B2 nutritional supplement.

Barbiturate drugs have sedative effect on the central nervous system and are being prescribed for anxiety. These drugs act as central nervous system depressants and are used for the treatment of insomnia, epilepsy amongst others. Apart from its use as pharmaceutical intermediate, barbituric acid is also used as dye intermediate and as nutritional supplement.

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Global Barbituric Acid Market Drivers

A number of factors has led to the rise in consumption of barbituric acid. Though barbituric acid itself is not pharmaceutically active, one of its major application is for the manufacture of barbiturate drugs.

The rising prevalence of insomnia and the growing share of geriatric population is expected to drive the demand for barbiturate drugs which in turn is anticipated to generate significant demand for barbituric acid as an important raw material for its production.

The changing lifestyle and eating habits has affected the sleeping patterns amongst individuals. A major share of population suffers from insomnia, anxiety and other sleeping disorders, therefore there has been a greater demand for drugs which are being prepared from barbituric acid over the coming years.

Moreover, the growing healthcare spending and rapidly developing healthcare infrastructure across regions is anticipated to generate noteworthy demand for barbituric acid over the forecast period.

Global Barbituric Acid Market Restraints

One of the major challenge faced by the global barbituric acid manufacturers are the stringent regulations pertaining to the manufacture of the barbiturates drugs and other pharmaceutical products.

The use of the barbiturate drugs are being strictly monitored by the Drug Abuse Prevention and Control Act. The side effects with the usage of such drugs and regulations for its dosage and content is a major factor which is likely to impact the global barbituric acid market.

Global Barbituric Acid Market Participants

Some of the market participants identified across the value chain of global Barbituric Acid market are:

Hebei Chengxin Co., Ltd.
Ralington Pharma
Explicit chmicals pvt. ltd.
Zhengzhou Lifeng Chemical Co.,Ltd.
Danopharm Chemicals Pvt. Ltd.
CDH Druh House (P) Ltd.
Hunan HongQiang Chem Technology Development Co., Ltd.
Sparchem
Hem Corporation
GFS Chemicals Inc

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

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

Global Barbituric Acid Market Trends

Apart from its major use for the manufacture of barbiturate drugs, barbituric acid is also used as a nutritional supplement for vitamin B2 deficiency. Barbituric acid is also increasingly being used as dye intermediate used in textile industry. Manufacturers of barbituric acid are generating significant amount of revenue from the exports to the developing countries globally.

Key Segments Profiled in the Barbituric Acid Industry Survey

By Grade:

Regular grade 98% (Industrial Grade)
High Purity Grade 99% (Pharmaceutical Grade)

By Application:

Pharmaceutical intermediate
Dye intermediate
Nutritional supplement

By End-Use Industry:

Plastics
Textiles
Polymers
Pharmaceutical
Others

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Global Barbituric Acid Market: Regional Outlook

In terms of regional perspective, the global barbituric acid market is anticipated to be dominated by Asia Pacific region. China is anticipated to hold noteworthy share the global barbituric acid market both in terms of production as well as consumption.

Regions such as North America and Europe are anticipated to witness rise in demand for barbituric acid owing to the increase in number of patients suffering from sleeping disorders and other diseases which are treated using barbiturate drugs. Japan, Middle East and Africa and Latin America are anticipated to hold relatively smaller share in volumes but are projected to witness robust growth in the forthcoming years.

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High-Silica Zeolite Market is Projected to Reach the Valuation of US$ 1.37 Billion in 2032: FMI

The High Silica Zeolites market is expected to grow at 1.2% CAGR record forecast period and is expected to reach high silica zeolite market share of US$1.37 billion in 2032, up from US$122 million in 2022. Zeolite is chemically explained as the crystalline aluminosilicate hydrate containing alkaline earth metal.

High- silica zeolite typically includes an organic structure directing agent (SDA), it is generally prepared by heating a mixture compose of a silica source, a heteroatom source (boron, aluminum, gallium), a source of alkali hydroxide, and a water-soluble organic species.

High-silica zeolites ha been found to be an effective absorbent for the removal of OMPs (organic micro-pollutants) from impaired water, and is also used in personal care products, pharmaceuticals, industrial chemicals, etc. High-silica zeolites is prominently use in the prevention of undesired competitive absorption of background organic matter (BOM) in natural water.

The presence of organic micro-pollutants in water bodies and drinking water sources have become a significant issue of increasing environmental concern. Owing to increasing presence of OMPs, and need for their removal from water meant for potable and domestic use, the demand of high-silica zeolite is increasing rapidly.

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High-silica zeolites like USY (ultrastable Y), NA-mordenite, and HY have higher thermal stability than conventional A-or X-type zeolite. The thermal stability increases from about 700 degree Celsius in the low silica zeolites to 1300 degree Celsius in high-silica zeolites. The surface selectivity, which is highly hydrophilic in the low silica zeolites, is hydrophobic in the high-silica zeolites.

High-Silica Zeolite Market: Dynamics

As compare to low and intermediate zeolites, the high-silica zeolites can remove and recover organic matter from water streams and carry out separation and catalysis in the presence of water, which is major factor that is driving the high-silica zeolite demand among the several end use industries such as petroleum, petrochemical and others.

High-silica zeolite is widely used in petroleum refining process. Catalytic cracking, isomerization, hydrocracking, alkylation, and other modern processes are based on the use of high-silica zeolite containing catalyst. High-silica zeolites also find broad application as absorbents in gas purification and drying, and in the production of high-purity substances.

Owing to this several applications of high-silica zeolites its demand is increasing constantly among the end-use industries, which is propelling the global high-silica zeolite market. Moreover, the increasing popularity of high-silica zeolites among end-use industry, due to its exceptional properties such as high chemical as well as thermal stability, has a significant impact on the high-silica zeolite market.

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High-Silica Zeolite Market: Market Participants

Some of the key players involved in the manufacturing of high-silica zeolite are Honeywell International Inc, CECA Arkema Group, BASF SE, Tosoh Corporation, Zeochem AG, Zeolyst International, W. R. Grace, CWK Chemiewerk Bad Köstritz GmbH, Clariant AG, KNT Group, Zeolites And Allied Products Private Limited and others.

The research report presents a comprehensive assessment of the High-Silica Zeolite 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 High-Silica Zeolite market segments such as component, type, application, end-user and region, etc.

High-Silica Zeolite Market: Segmentation

Globally, high-silica zeolite market can be segmented on the basis of type, and application.

Based on the type, high-silica zeolite market can be segmented into,

USY Type
ZSM-5 Type
Beta Type
Others

Based on the application, high-silica zeolite market can be segmented into,

Petroleum refining catalysts
Petrochemical catalysts
Others

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High-Silica Zeolite Market: Regional Overview

High-silica zeolite market demand is anticipated to be led by Asia Pacific region, owing to growing crude oil refining sector. China is driving the majority of growth in the crude oil refining industry in Asia Pacific. Growing crude oil refining industry is creating more demand for the petroleum refining catalysts such as high-silica zeolites.

North America is anticipated to witness a significant growth in High-silica zeolites market, U.S. is a prominent country in the petroleum refining sector. The U.S. is one of the vital producers of refined petroleum products and thus represents high market potential for high-silica zeolites.

High-silica zeolites market of Europe is expected to witness a robust growth, helped by increasing preference of manufacturers of high-silica zeolites to European countries for expansion of its manufacturing facilities, in order to fulfil the growing demand for high-silica zeolites from regional end-use industries.

Despite the impressive growth in oil refining capacities in Middle East and Africa, the local refineries are capable of processing very less amount of the crude oil produced here, as a result high-silica zeolite market is expected to witness a comparatively moderate growth in this region.

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Self-Healing Materials Market is Projected to Accelerate at a CAGR of 25.5% to top US$ 15.57 Bn by 2032

The self-healing materials market size estimated at USD 1.61 billion in 2022 is anticipated to grow at a CAGR of 25.5% from 2022 to 2032. Materials that are capable of self-healing are stimulated by changes in pH, UV light, and other environmental factors, as well as by physical harm like a microcrack influencing the self-healing material adoption trends.

The pandemic has caused a decline in the self-healing material market key trends and opportunities. Due to the temporary shutdown, this had an effect on the operations of many important end-use industries, including the automotive, building, and construction sectors, self-healing material market.

The demand for self-healing materials and self-healing material market future trends has suffered as a result. Due to the presence of multinational corporations working constantly on R&D projects to find cutting-edge technologies, the self-healing material market opportunities is encouraged in the United States.

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Microcapsules are designed to be durable enough to withstand both the production process and the consumption of the substances in their intended use. The self-healing material market is expected to expand significantly in the coming years, and these materials support lowering the frequency of the maintenance costs necessary to repair the damage.

Self-healing materials are now being used by the majority of semiconductor and electronics market participants, including Apple and Samsung, in items like laptops, smartphones, desktop computers, and high-end cameras.

Self-healing materials are expected to be consumed at a higher rate as a result of the steady rise in the sales of smartphones and laptops and innovations in their design, positively impacting the self-healing material market key trends and opportunities.

The primary factor preventing the self-healing material market from growing is the high cost of products as self-healing materials are currently more expensive than conventional materials. If the cost factor is managed in the upcoming years, the factor is anticipated to challenge the future demand for self-healing material.

Key Takeaways:

The self-healing material market’s product insight was led by the concrete segment in 2022, which also had the largest revenue share of about 27%.
The self-healing material market’s technology segment was led by the segment of reversible polymers in 2022, which had a revenue share of 35.0%.
Building and construction held the largest revenue of the self-healing material market share of 34% in 2022 and led the self-healing material market.
In 2022, Europe held 28.4% revenue of the self-healing material market share and dominated the self-healing material market.
With a projected CAGR of 30.5% by the end of 2032, Asia Pacific is predicted to generate the highest self-healing material market revenues in the near future.

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Competitive Landscape:

New market research report on self-healing material says that The Dow Chemical Company; Covestro AG; High Impact Technology, LLC; Huntsman International LLC; Michelin Group; MacDermid Autotype Ltd.; Akzo Nobel N.V.; Evonik Industries Corporation; BASF SE; NEI Corporation are among the legacy players vendors.

The research offers a comprehensive competition analysis of these top competitors in the self-healing material market, including self-healing material market growth, self-healing material market share, self-healing material market key trends and opportunities and important self-healing material market statistics.

Key Segments

By Product:

Concrete
Coatings
Polymers
Asphalt
Fiber-reinforced Composites
Ceramic
Metals

By Technology:

Reversible Polymers
Microencapsulation
Shape Memory Materials
Biological Material Systems
Others

By Application:

Energy Generation
Building & Construction
Automotive & Transportation
Electronics & Semiconductors
Medical (Implants & devices)
Others

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Recent Development in the Self-healing material:

Chemetall GmbH, a manufacturer of specialty chemicals and surface treatment products, was acquired by BASF SE in December 2016.
The process of self-healing cured coatings was patented by BASF SE in June 2014.
The Specialty & Coating Additives business of Air Products (U.S.) was acquired by Evonik Industries in May 2016, strengthening its dominant position in the high margin specialty & coating adhesives market.

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Agrochemical Additives Market to Reach US$ 2.7 Billion, Globally, by 2032 at 4.6% CAGR: Future Market Insights

The global agrochemical additives market is anticipated to reach a valuation of US$ 2.7 Bn by 2032, with sales growing at a 4.6% CAGR over the assessment period. The need for various agrochemicals including fertilizers and pesticides is rising owing to increase in population, which trigger demand for crops and vegetables production.

While the demand for food products is rising all across the globe, cultivation area is decreasing as a result of the urbanization, industrialization, and development in the infrastructure. The market of agrochemical additives has been substantially influenced by certain socio-demographic factors, economic development, urbanization, and high demand for genetically modified crop.

Furthermore, focus on seed treatment, rationalization of rates, post-harvest agrochemical regulations, innovation funds for aggrotech, and import substitutions are expected to fuel the agrochemical additive market.

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“Growing demand for functional foods and high-nutrient food products is driving sales of agrochemical additives. In addition to this, significant government-backed investments, and subsidies for crop production across emerging economies will augment the growth in the market,” says an FMI analyst.

Key Takeaways:

By end use, pesticides are expected to account for a dominant share oof the total demand for agrochemical additives.
Based on crop type, the cereals and grains segment is anticipated to hold about 8% of the overall consumption.
India is expected to emerge as a lucrative pocket in the South Asia agrochemical additives market over the assessment period.
China will continue dominating the East Asia agrochemical additives market over the forecast period.

Competitive Landscape

Leading players operating in the global agrochemical additives market include Syngenta, Bayer, BASF, UPL, Compass Minerals, Adama Ltd., Sumitomo Chemicals., Nufarm Limited., K+S Group., and the United States’ Israel Chemical Company (Israel).

Some recent developments in the market include:

In Oct 2021, one of the prominent market participant United Phosphorus announced its long-term collaboration with a global bioscience company Chr. Hansen to commercialize microbial-based solutions for sustainable agriculture.

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What are the Key Opportunities for Agrochemical Additives Manufacturers?

Pesticides are compounds produced through chemical or biochemical processes that include active components in a certain concentration and are intended to protect crops against weeds, diseases, and insects, as well as to reduce crop losses. Chelating agents, building blocks, pH regulators, and salification agents are all used as agrochemical additives.

To avoid pests, weeds, and illnesses, agrochemicals are diluted in specified dosages and applied to seeds, soil, irrigation water, and crops. Over the last few decades, high-purity compounds are sold in bulk to formulators, who derive formulations by adding inert carriers, solvents, surface-active agents, and deodorants. Increasing need for food production and population growth are creating opportunities for growth for manufacturers in the market.

Agrochemical Additive Market Segmentation

By End Use:

Fertilizers
Pesticides
Plant Growth Regulators
Soil Conditioners
Liming and Acidifying agents

By Application:

Crop Protection
Seed Treatment
Soil Health
Solvents
Dispersants
Preservatives
Others

By Crop Type:

Cereals & Grains
Oilseeds & Pulses
Fruits & Vegetables
Plantation Crops and Hydroponics

More Insights into the agrochemical additive Market Report

In its latest report, Future Market Insights offers an unbiased analysis of the global agrochemical additive 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 end use, application, crop type, and region.

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Frequently Asked Questions

What is the current size of the global agrochemical additive market?
What is the demand outlook for agrochemical additive in various end use industries?
What are the agrochemical additive market’s prospects for expansion?
Who are the leading players in the global market of agrochemical additive?
What are the major challenges and constraints faced by the industry?
Which are the key countries driving the global agrochemical additive market demand?

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High Performance Fibers Market is Reaching US$ 29.19 Bn at a Gracious Rate of 8.5% by the year 2032

The high performance fibers market size is expected to be worth US$ 12.91 billion in 2022 and US$ 29.19 billion by 2032, with a CAGR of 8.5 percent from 2022 to 2032. The growth of the global high performance fibers market share has been aided by the robust electronic equipment manufacturing sector.

The usage of high performance fibers in the creation of dependable and efficient semiconductors is a significant element driving the sales of high performance fibers. Another factor propelling the demand for high performance fibers is the use of carbon, aramid, and glass in their manufacture.

As a result, it is predicted that the global high performance fibers market is likely to experience significant growth during the forecast period. Due to their numerous essential characteristics, such as strong fabric integrity at good temperatures, high thermal and chemical resistance to most organic solvents, high abrasion resistance, and non-conductivity, the sales of high performance fibers are projected to increase.

High stiffness and an extraordinary strength-to-weight ratio of high performance fibers make them ideal for aeronautical applications, that’s why the demand for high performance fibers is rising. Given the aforementioned advantages, a range of end users considers the HPF to be the ideal product.

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Furthermore, the high performance fibers are also utilized in the production of composites for vehicles and vessels employed in the defense industry. These factors are expected to boost the high performance fibers market outlook between 2022 and 2032.

The expansion of the high performance fibers market share is hampered by a scarcity of high-quality products. Furthermore, unlike other metals and nonmetals, carbon fibers are not biodegradable and will not degrade in landfills. Carbon fiber recycling requires a lot of energy and is extremely difficult.

Long-lasting carbon fibre scraps have a negative impact on the environment and hamper the growth of the high performance fibers market.

Key Takeaways from Market Study

The Polybenzimidazole (PBI) fibers segment is expected to grow at the fastest CAGR of more than 14.2 percent from 2022 to 2032 due to superior properties such as high glass transition temperature, no melting point, and extremely high heat deflection temperature.
The aerospace and defence application segment will lead the market in 2021, accounting for more than 43% of global high performance fibers market revenue.
The Asia Pacific region will lead the high performance fibers market in 2021, accounting for more than 43% of global revenue.
North America held a significant high performance fibers market share in 2021, as the presence of key aircraft manufacturers contributed significantly to high performance fibers demand.

“Due to their exceptional qualities, high performance fibers have seen a significant increase in demand from a wide range of end users, resulting in the creation of a sizable high performance fibers market in recent years. As a result of increasingly stringent government regulations aimed at reducing CO2 emissions, the global high performance fibers market share has increased.”- Future Market Insights Analyst.

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Competitive Landscape

Key players in the high performance fibers market with wide distribution networks and strong market positions are boosting their R&D expenditure. They can enhance current items for new uses thanks to their strong technical and market development capabilities. As they provide the essential raw materials required to start the manufacturing process of different fibers, raw material suppliers play a significant role in the value chain.

The expansion and profitability of the global market are being constrained by the high cost of producing PBO, PBI, M5/PIPD, and aramid fibers.

The following companies are among the major players in the global high performance fibers market: Toray Industries, Inc., Dupont; Teijin Ltd., Toyobo Co. Ltd., DSM; Kermel S.A., Kolon Industries, Inc., Huvis Corp.

Key Segments

By Product:

Carbon Fiber
Polybenzimidazole (PBI)
Aramid Fiber
M5/PIPD
Polybenzoxazole (PBO)
Glass Fiber
High Strength Polyethylene
Others

By Application:

Electronics & Telecommunication
Textile
Aerospace & Defense
Construction & Building
Automotive
Sporting Goods
Others

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Recent Developments in High Performance Fibers Market:

In April 2019, Honeywell teamed up with Heathcoat Fabrics, a producer of technical fabrics. In this partnership, Honeywell gives the latter business its Spectra fiber to help create new industrial and military applications.
In July 2018, TenCate Advanced Composites Holding BV, a producer and distributor of carbon fibre composite material, was acquired by Toray. The acquisition made it possible for the prior business to offer clients a wider range of products.
In October 2019, Honeywell unveiled Spectra Shield® 6472, a new product in their line of high-performance hard armour. The new shield satisfies the exacting standards for military defence.
In October 2019, Bally Ribbon unveiled the E-WEBBINGS® e-textile product range. For textile applications, this provides a flexible basis. Several types of fibers and conductive materials are used to create these finely woven E-Webbings fabrics.

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Industrial Oil Market is Anticipated to Touch a Value of nearly US$ 90,491.1 Million in the year 2032

According to Future Market Insights (FMI), the global industrial oil market is projected to reach a value of US$ 90,491.1 Mn by the end of 2032. Development in the industrial sector and growing sales of automotive are expected to influence the growth in industrial oil market in the upcoming decade.

Growing demand for oil for lubrication in industrial equipment and machinery in manufacturing sector, in turbines, power industry, automotive engines, and other parts are key drivers in industrial oil market. Moreover, rising demand for enhancing the equipment performance and protecting the machinery and vehicle engine from wear and tear will propel the sales of industrial oil.

Also, significant development in the manufacturing, construction, and automotive sectors especially in the developing countries such as India and China are expected to create growth opportunities for industrial oil market players in the coming years.

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“Demand outlook for industrial oil is anticipated to remain significant over the projected period owing to increasing demand from manufacturing and automotive sector,” says an FMI analyst.

Key Takeaways:

The global market of industrial oil is estimated to witness a growth at a CAGR of 6% over the period of 2022 and 2032.
South Asia is expected to be the most remunerative industrial oil market owing to the growing expansion of energy generation and automotive sector.
The U.S., Netherlands and Russia are expected to remain key exporting countries for the synthetic oil in the global market.
In terms of oil type, mineral-based industrial oil is expected to witness fastest growth in the upcoming decade.
Based on end-use, energy generation segment is expected to contribute lion’s share in the global industrial oil market.

Competitive Landscape

The industrial oil market is estimated to be consolidated, with leading key players expected to account for a key share of the market. Some of the key market participants involved in the business of industrial oil are Exxon Mobil Corporation, Chevron USA Inc, Royal Dutch Shell Plc, Castrol Limited, China Petroleum and Chemical Corporation, Lubrication Engineer, Chempoint, Panolin AG, Fuchs, Shell, and others.

These key players are investing in expansion strategies by expanding their geographical presence, by setting up of manufacturing units and sales offices in the developing countries. Further the top players are acquiring medium size players or are collaborating with other key manufacturers to enhance their client base. Furthermore, key players are focusing on shifting their focus on sustainability development by manufacturing oil from bio based sources and also bio waste.

For instance,

Exxon Mobil collaborated with GE Power for the development of highly efficient turbine oil which is expected to improve turbine bearing efficiency by about 15% as compare with the traditional turbine oil.

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Industrial Oil Market Segmentation

By Source:

Crude Oil
Soybean
Rapeseed
Sunflower
Cottonweed
Corn
Palm
Others

By Type:

Mineral
Synthetic and Semi-Synthetic
Biobased

By End-Use

Power Generation
Chemical Manufacturing
Metallurgy
Food and Beverages
Automotive and Other Transport
Paints and Coatings
Cosmetics and Personal Care Products
Pharmaceuticals

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More Insights into the Industrial Oil Market Report

In its latest report, Future Market Insights offers an unbiased analysis of the global industrial oil 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 oil type, source, type, end-use, and region.

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Ready-Mix Concrete Market: Set to Witness an Uptick Size USD 46.9 Billion to 2032: Future Market Insights, Inc.

The global ready-mix concrete market stands at US$ 46.9 Bn as of now and is expected to reach US$ 61.7 Bn by the year 2032 at a stellar CAGR of 13.2% between 2022 and 2032.The developing economies are subject to rising urbanization, which is, in turn, asking for constructive expansion of the building & construction vertical.

The United Nations 2030 estimates say that urban population all across India would grow by an astonishing 165 Mn by the year 2030. Also, IMF Global Housing Watch states that residential real estate all across did generate almost US$ 221.6 Bn in the year 2019, thereby witnessing a Y-o-Y rate of 12%.

Overall, multi-billion-dollar infrastructure schemes are turning out to be the norm as governments are striving to keep up with the growth, raising standards of living, and facilitating financial development.

The projects like Asia – Belt and Road Initiative in China, Sydney Metro in Australia, Africa – Lagos-Kano Railway in Nigeria, South America – 4G Roads and Highway Program in Columbia, and North America – California High-Speed Rail in the US could be referred to as mega infrastructural projects that could direct the ready-mix concrete market towards exponential growth in the upcoming period.

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At the same time, the fact that initial investments pertaining to ready-mix concrete plants are high cannot be ignored. This could be credited to marked difference in prices of land and raw materials’ availability. Plus, effective transportation is needed to the site, which adds to the overheads.

As such, those handling small projects may have to give a second thought in this regard. Future Market Insights has walked through these facts with insights in its latest market study entitled ‘Ready-Mix Concrete Market’.

Key Takeaways from Ready-Mix Concrete Market

North America contributes for more than 60% of the overall market share. This could be attributed to increasing frequency of renovations in Canada and the US. The US Commerce Department says that spending on construction increased by 1.8% in March 2020 alone. Plus, modernization of infrastructure is on the anvil.
Europe is expected to stand second on this count on the grounds mentioned above.
The Asia-Pacific is expected to witness a robust CAGR of ~8% in the forecast period. This could be reasoned with development in infrastructure in Thailand, China, India, and Singapore.

“Delivery of ready-mix concrete via transit mixer does facilitate implementing accurate concrete in building and construction, thereby rendering it strong and long-lasting. This factor is expected to keep the cash registers ringing for ready-mix concrete market in the near future”, says an analyst from Future Market Insights.

Key Companies Profiled:

CEMEX S.A.B. de C.V.
Vicat SA
Ultra Tech Cement Limited
Lafarge
ACC Limited
Barney & Dickenson, Inc.
SIKA Group
Heidelberg Cement
Holcim Ltd.
Italcementi Group

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Competitive Landscape

UltraTech, in May 2020, did develop the in-house technology for collecting the concrete left behind at construction sites and converting them into slurry to recycle in the ready-mix concrete. This plant technology comes across as an automated thing and is environmentally-friendly in entirety, as it does away with water or solid waste.
Hanson Group, in April 2020, did supply ready-mix concrete for converting it into an NHS filed hospital to treat and care for patients contracting coronavirus.
Heidelberg Cement, in March 2021, entered into partnership with Thoma Bravo to invest in Command Alkon for building digital ecosystem for ‘heavy building materials’ vertical.
ACC, in March 2021, put forth Global green concrete ‘ECOPact’ in Kolkata, India.
CEMEX, S.A.B. de C.V., in February 2021, did announce its expansion of the US operations to strengthen the network in Texas by acquiring ready-mix business.

Key Segments Profiled in the Ready-mix Concrete Industry Survey

By Production:

On-Site
Off –Site

By Product Type:

Residential
Non-Residential
Infrastructural
Commercial
Industrial

By Region:

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

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What encompasses the Ready-Mix Concrete Market?

Future Market Insights offers an exclusive perspective and various real-time insights on the ready-mix concrete market in its latest study, presenting historical demand assessment of 2016 – 2021 and projections for 2022 – 2032.
The research study is based on production (onsite and off-site), and by product type (residential, non-residential, infrastructural, commercial, and industrial).
Advantages like curtailed cost on the part of sight supervision and labor along with simplistic pouring methods are expected to draw more end-customers to the ready-mix concrete market going forward.

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