Market Research Blog – Page 9867 – New Product Development

Electric Baby Nail Trimmer Market Share is Likely to Be US$ 66 Mn by 2032

The electric baby nail trimmer market size is projected to register a CAGR of 7.5% during the forecast period, up from US$ 30 Mn in 2021 to reach a valuation of US$ 66 Mn by 2032.

During the forecast period, changes in consumer purchasing behaviours owing to rising demand for baby-specific items and rising parental awareness of their children’s health are likely to favourably affect the growth of the electric baby nail trimmer market.

Furthermore, an aggressive marketing strategy is propelling the sales of electric baby nail trimmer market forward in terms of both value and volume.

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Increasing disposable income in emerging nations such as India, Brazil, Argentina, and others, on the other hand, is likely to fuel the expansion of the sales of the electric baby nail trimmer market in terms of value during the forecast period.

Understanding the Impact of Covid-19 on Global Electric Baby Nail Trimmer Market

The recent outbreak of the COVID-19 has adversely affected various markets in the consumer products industry. Penetration of Artificial Intelligence and Big Data Science in the industry is expected to have a positive impact on the market.

Following government’s measures, consumers are practicing social distancing. Consequently companies operating in the Electric Baby Nail Trimmer market had to adjust to a new normal of operating through digital means. Additionally, movement restrictions and supply chain disruptions have created impressive growth opportunities for the e-market players.

The FMI’s report provides an interesting chapter on preliminary impact of the COVID-19 on the Electric Baby Nail Trimmer market. This allows both leading and emerging key players to understand the market scenario and aid them to tackle the challenges during the crisis.

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Electric Baby Nail Trimmer Market: Competition Analysis

The FMI’s study presents a detailed analysis of global, regional, and country-level players operating in the Electric Baby Nail Trimmer market. Competitive information detailed in the Electric Baby Nail Trimmer market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of key market players. Furthermore, unique growth strategies and mergers & acquisitions (M&A) activities associated with the players are also discussed in the Electric Baby Nail Trimmer market report.

Key players covered in the report include:

Deyace
Syga
Babynice
BabyTrim
Qvene
Jaybva
Little Martin’s Drawer
Buy Buy baby Inc.

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Key Segments For Electric Baby Nail Trimmer Market

On The Basis Of Child Growth Stage:

Stage 1: 0-3 Months
Stage 2: 3-6 Months
Stage 3: 6-12 Months
Stage 4: 4-12+ Months

On The Basis Of Battery Type:

External Battery
In-Built Battery

On The Basis Of Distribution Channel:

OEM
Distributors
Retailers
E-commerce

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Baby Pacifier Thermometer Market Grows at a Rate of 4.3% CAGR During the Forecast Period 2022-2032

The baby pacifier thermometer market size is anticipated to record a CAGR of 4.3% during the forecast period. It is expected that the market value is likely to go up from US$ 390 Mn in 2021 to reach a valuation of US$ 646 Mn by 2032.

Because infants cannot hold oral thermometers under their mouths, they are worthless for measuring a baby’s body temperature. The Baby Pacifier Thermometer can be used to measure a baby’s body temperature because it’s very simple for a baby to hold it in their mouth.

A baby pacifier thermometer measures a baby’s body temperature over the course of 3 to 5 minutes and displays a digital temperature read-out on the front. The Baby Pacific thermometer’s addition of features including memory functions, fever alert light, and a soft orthodontic nipple is boosting sales volume and luring clients from all over the world.

Additionally, the Baby Pacifier Thermometer market is expanding significantly in terms of value because to the growing use of baby purifier thermometers in hospitals, health care facilities, and other locations.

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Drivers for Baby Pacifier Thermometer Market

Increasing internet penetration in the developing countries is one of the key factor responsible for increasing awareness towards Baby Pacifier Thermometer among end-users. Moreover, e-commerce companies are increasing sales of Baby Pacifier Thermometer through penetrating in the countries around the world. Increasing disposable income in Latin America and Asia Pacific region, and increasing urbanization are some of the factors positively influencing the growth of Baby Pacifier Thermometer market.

On other growth of health care industry and increasing number of hospitals and healthcare centers across the globes is supporting growth of the baby pacifier thermometer market which in turn is witnessing growth of the Baby Pacifier Thermometer market in terms of value.

Trends for Baby Pacifier Thermometer Market

Manufacturers are principally involved in manufacturing baby pacifier thermometer which are very safe for baby’s skin and also comfortable for babies to hold in mouth. Moreover, most of the manufacturers are principally engaged in selling Baby Pacifier Thermometer through third party e-commerce Company to increase availability of Baby Pacifier Thermometer globally.

Opportunities for Baby Pacifier Thermometer Market

Addition of advanced features in the Baby Pacifier Thermometer and affordability in the price in near future is expected to be due to growth of electronics industry globally.

Challenges for Baby Pacifier Thermometer Market

Baby Pacifier Thermometer are not very accurate and take a comparatively long time, about three to five minutes—to measure baby’s temperature. Thus, some customer are interested in purchasing ear thermometer, no-contact forehead infrared thermometer and other products. This factor is expected to challenge growth of the baby pacifier thermometer market.

Global Baby Pacifier Thermometer Market: Key Players

Some of the key players operating in the global Baby Pacifier Thermometer market are Summer Infant, Dorel Juvenile Group, Beurer GmbH, Lanaform, Microlife, Terraillon, BRiGGS, Kuteks, Little Doctor, Rumble Tuff, B.Well, Vega, Valeo, Babyvelle and Hunkar among others. These players are expected to positively influence growth of the Baby Pacifier Thermometer market during the forecast period.

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Baby Pacifier Thermometer Market: Regional Outlook   

Ease in availability of the baby pacifier thermometer and presence of large number of players in North America and Europe region is key factor responsible for a significant share of these regions in the global baby pacifier thermometer market. Rapid growth of electronics industry in Asia Pacific region is expected to fuel the growth of baby pacifier thermometer market during the forecast period.

Players of Baby Pacifier Thermometer market through e-commerce platform are significantly penetrating the Latin America region. Middle East and Africa is expected to witness slow growth of Baby Pacifier Thermometer market due comparatively less awareness towards the products due to slow internet penetration rate in the region.

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

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The Baby Pacifier Thermometer Market report covers exhaustive analysis on:

Global Market Segments
Global Market Dynamics
Historical Actual Market Size, 2014–2018
Global Market Size & Forecast, 2019 to 2029
Supply & Demand Value Chain for the Market
Global Market Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Market Solutions Technology
Value Chain of the Market
Global Market Drivers and Restraints

Key Segments

By End-use:

Household
Healthcare Centres
Clinic
Hospitals & Nursing homes
Others

By Distribution Channel:

OEM
Distributors
Retailers
E-Commerce

By Battery Requirement:

Inbuilt Battery
External Battery

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Dryer Sheets Market Share is Anticipated to Reach US$ 19 Billion in 2032

The dryer sheets market size was valued at US$ 12 Billion in 2021, and experienced a Y-o-Y increase of 5.8% to reach US$ 12.7 Billion. From 2022-2032, the market is expected to surge at a CAGR of 4.11% to reach a valuation of US$ 19 Billion.

As a result, various dryer sheet companies have focused on R&D activities to develop innovative formulas for unique scents in dryer sheets. Dryer sheets give fabrics wearable softness and a pleasant aroma. Dryer sheets are cationic surfactants that form an electrically conductive chemical layer on the fabric to keep it soft and remove static cling. As a result, they increase the fabric’s longevity.

Dryer sheets are also used to add a light and refreshing scent to suitcases, bags, drawers, and washing machines while clothes are being washed. Dust is removed from the surface of computer screens and window blinds using dryer sheets.

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Which are Some Prominent Drivers Spearheading Dryer Sheets Market Growth?

Washing machines are now a necessary household item all over the world. As a result, companies in the laundry care market are introducing novel solutions such as dryer sheets that are compatible with washing machines and provide excellent laundry results. Prominent players in the dryer sheet market are also implementing new marketing strategies to influence consumer purchasing behavior.

New dryer sheets with innovative features, as well as consumer awareness marketing campaigns, are factors influencing the growth of the dryer sheets market in the near future.

Furthermore, there is an increasing demand for fabric softeners such as dryer sheets, which provide a positive charge and thus remove static cling in the clothes while also providing a fresh scent.

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Other factors driving the growth of the dryer sheets market during the forecast period include rising demand for long-lasting dryer sheets with biodegradability features that increase fabric lifespan, reduce wrinkle formation, and others.

What are the Challenges Faced by the Dryer Sheets Industry?

Carcinogens found in scented laundry care products, such as dryer sheets, may increase the risk of cancer. This factor may limit the growth of the dryer sheets market in the near future.

Why is Asia-Pacific Emerging as an Opportunistic Dryer Sheets Market?

Japan and China are expected to drive the global dryer sheets market in Asia Pacific. The market is expected to grow to US$ 10 Billion by the end of the analysis period.

China will continue to be one of the fastest-growing markets in this cluster of regional markets. The Asia-Pacific market, led by countries such as Australia, India, and South Korea, is expected to reach US$ 2.8 Billion by 2032.

How is North America Contributing to the Growth of the Dryer Sheets Market?

The dryer sheets market in North America is expected to be worth US$ 3.15 Billion by 2022. North America is expected to dominate the global dryer sheets market. It is made up of a large area that has been developed and where people live with a high standard of living. As a result, the region stands out among the others.

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Market Competition

Some of the key participants present in the global Dryer Sheets market include S.C. Johnson & Son Inc., Reckitt Benckiser Group PLC, Colgate-Palmolive, Henkel AG & Co. KGaA, Seventh Generation, Inc., LG Household & Health Care Ltd., Malco Products, Inc., Woolzies Home Essentials, Inc., Procter & Gamble Co., Unilever PLC, Golrang Industrial Group, Church Dwight Co., Inc., and others.

Key Segments:

By Pack:

10 to 50 Pieces Dryer Sheets Pack
50 to 100 Pieces Dryer Sheets Pack
100 to 150 Pieces Dryer Sheets Pack
150 and Above Dryer Sheets Pack

By Price Range:

Low Priced Dryer Sheets
Medium Priced Dryer Sheets
High Priced Dryer Sheets

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific
Middle East and Africa

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Dry Electrostatic Wipes Market is Expected to Grow at a CAGR of 12.13% Between 2022-2032

The sales of dry electrostatic wipes market is projected to reach a valuation of US$ 1.9 Billion in 2021, likely to surge at a vigorous 12.13 % CAGR from 2022 – 2032

Nowadays, consumers are searching for quick and convenient cleaning products that can complete the task of cleaning quickly and efficiently while also maintaining high-quality standards. Cleaning products with innovative features and high efficiency have an edge in the marketplace. Thus, manufacturers in the household cleaning products market are focusing on introducing novel household cleaning products, such as dry electrostatic wipes, to gain a competitive edge in the market.

Dry electrostatic wipes is one such cleaning product that has been developed by companies to differentiate themselves from other key players. Dry electrostatic wipes act as a dust magnet. They create an electrostatic charge, which attracts dust, dirt, allergens as well as the hair found on floors and other surfaces. Over the last few years, the dry electrostatic wipes market has benefited from introducing novel dry electrostatic wipes with innovative features.

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Reasons for Covering Dry Electrostatic Wipes Market Title

Changing lifestyle has pushed consumers to look for products that save time. Thus, demand for nonwoven cleaning wipes is increasing at a rapid pace. Companies are increasingly investing in research and development activities to expand their product portfolio through new product launches. These are some of the factors that will influence the growth of the dry electrostatic wipes market in near future.

Additionally, rapidly new product developments leading to introduction of task-specific performance features, rapidly growing advanced nonwoven base technology and frequently changing consumers buying habits due to product availability, innovation and financial considerations are some of the other factors fueling the growth of the dry electrostatic wipes market during the forecast period.

However, availability of alternatives to dry electrostatic wipes and high cost of disposable wipes as compared to conventional shop towels are some of the other important factors that may hinder the growth of dry electrostatic wipes market during the forecast period.

Global Dry Electrostatic Wipes Market: Key Players

Some of the key players operating in the global dry electrostatic wipes market are Kimberly-Clark Worldwide, Inc., Chemtronics Company, Electrocomponents PLC, SDI Systems Division, Inc., Pascoes Pty Ltd., Procter & Gamble Co., Contec, Inc. and Butler Home Products, LLC.

During the forecast period, the demand for dry electrostatic wipes from electronics manufacturers, medical devices manufacturers and other industries where managing of electrostatic charge buildup is critical will increase.

Rapidly increasing use of dry electrostatic wipes in both consumer and industrial markets due to ease of use, portability, disposability and minimized risk of cross-contamination are some of the leading factors that will drive the growth of the global dry electrostatic wipes market. Moreover, advanced features associated with dry electrostatic wipes, such as antistatic properties, low in particle generation and chemical extractability, will also add to the growth of dry electrostatic wipes market.

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Opportunities for Global Dry Electrostatic Wipes Market Participants

Various developing countries, such as India and China, are experiencing rapid economic and industrialization expansion which will create opportunities for dry electrostatic wipes used in different manufacturing processes. Additionally, the expanding hygiene industry and rise in online sales channels which are expanding at an unprecedented rate globally will also give a major boost to the market, thereby creating opportunities for various prominent players in the dry electrostatic wipes market to go digital to expand their customer base by connecting with new consumers frequently.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: regional markets, packaging, base material and sales channel.

The study is a source of reliable data on:

Dry electrostatic wipes market segments and sub-segments
Dry electrostatic wipes market trends and dynamics
Supply and demand
Dry electrostatic wipes market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis

The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)

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The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Global Dry Electrostatic Wipes: Market Segmentation

On the basis of packaging, the global dry electrostatic wipes market has been segmented as –

Below 20 Wipes/ Bag
30-50 Wipes/ Bag
60-80 Wipes/ Bag
80-100 Wipes/ Bag
100 And Wipes/ Bag

On the basis of material, the global dry electrostatic wipes market has been segmented as –

Knitted
Nonwoven
Woven

On the basis of sales channel, the global dry electrostatic wipes market has been segmented as –

Hypermarkets/Supermarkets
Specialty Stores
Multi-brand Stores
Online Stores
Independent Small Stores

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Electric Air Freshener Market is reaching US$ 742 Mn at a gracious rate of 2.7% by the year 2032

The electric air freshener market size is projected to reach a valuation of US$ 568 Million in 2022, likely to surge at a vigorous 2.7% CAGR from 2022 – 2032.

For better condition of indoor living spaces and public places, air freshener is a very important substance prepared from different types of natural and synthetic chemicals. Given the serious impacts of artificially prepared air fresheners widely available in the market, electric air fresheners have emerged as a suitable alternative.

Electric air fresheners are becoming more popular as they are simple to use and can be regulated remotely. Until 2022, the global electric air freshener market accounted for nearly 5% of total revenue from all types of air freshener materials sold worldwide. According to the market study report, this share is expected to grow throughout the forecast period.

Growing urbanization and disposable income of people even in developing regions of the world has provided the necessary impetus for the growing use of different types of air freshening and fragrance material in the global market. The sale of electric air freshener has also grown many folds along with the sale of the physical air freshener of room and car air freshener materials.

Another big reason for such growth in demand for an electric air freshener is the growing number of personal cars in every part of the world.

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What are the Key Contributors to the Electric Air Freshener Market?

Technological advancement is one of the reasons for market participants, which is continuously adopted by the manufacturers with the rising demand for electric air fresheners. They are upgrading by adding new features like reliable capacity, LCD display, convenient design, adjustable fragrance settings, portable design, time settings, and versatile functionality to distribute and sell electric air fresheners in all segments of end users.

Along with these factors, the global electric air freshener market also depends on consumer awareness and performance of electric air fresheners. High disposable income and improvement in the lifestyle of consumers present beneficial opportunities for the sale of electric air fresheners in different regions and market development.

Product diversity is a major trade of the electric air freshener market, which is driving innovation and research activities, growing the demand for electric air fresheners by targeting new customer groups. Quickly changing technology coupled with more demanding customer outcomes in the push for new product development and product augmentation.

The key industry participants are more invested in research and development (R&D) activities for developing new products and fragrances to meet standards and regulations implemented across regions and according to a growing demand for electric air freshener types. Product extension is an essential factor in propelling the market and increasing the sale of electric air fresheners to new customers.

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Which Region holds the Highest Growth Potential in the Electric Air Freshener Market?

Due to the higher living standards of people mostly living in North America and European regions, the demand for electric air fresheners is higher in these countries. Also, the popular trend of keeping pets in households is also a major factor for the higher sale of electric air fresheners in US and European countries.

Middle East countries are also traditionally an attractive region for all types of fresheners and perfumes. With the adoption of the modern lifestyle, the demand for electric air fresheners is projected to grow during the forecast period.

How Strong is the Competition in the Global Electric Air Freshener Market?

Some of the major players of the global tire carousel market include Qingdao Anyfeel Electric Co. Ltd, Reckitt Benckiser Inc., Jarden Corporation, Kobayashi Pharmaceutical Co. Ltd, Farcent Enterprise Co. Ltd., SC Johnson & Son Inc., Car-Freshener Corporation, Church & Dwight Co. Inc, Henkel KGaA, and Procter & Gamble Co., among others.

Expansion of supply or distribution channels through the advent of online e-commerce platforms is the major driving factor for the significant growth in the sale of the electric air freshener market during the past decade.

Recent Developments Related to Electric Air Freshener Market

P&G announced the release of a long-lasting air freshener in February 2015 that can be bused home and fabric care products. This new product can help the company to strengthen its brand value in the electric air freshener market.
S.C. Johnson of US acquired the Air Freshener manufacturing Company Homeland in May 2015. As per the market analysis export, this acquisition will expand the customer base of S.C. Johnson for its sale of electric air freshener in new markets.

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Key Segments

By Customer Type:

Individual
Enterprise

By Application:

Residential
Cars
Corporate Offices
Others

By Distribution Channel:

Direct
Indirect
Hypermarket or Supermarket
Specialty Stores
Independent Stores
Online Store
Others

By Application:

Residential
Cars
Corporate Offices
Others

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

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Compact Loaders Market: Overview, Data Updates, Reports Analysis & Forecast – Get Insights FMI

Compact loaders have transformed from single tool equipment – bucket only – to multi-tool equipment. Advances in attachment offerings over the past decade have stepped up the versatility and productivity of compact loaders.

At present, compact loaders are commonplace in landscaping projects and construction sites, given their optimal size, low fuel consumption, and new attachment options.

At the heart of some of the most notable tech-enabled transformations over recent past, compact loaders have emerged as fertile breeding ground for innovations and application versatility.

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Compact Loaders Market Size Study

Players to reap relevant profits from industrial and agriculture and forestry sectors
Compact track loaders to generate significant revenue through 2030
Market in North America to make considerable strides, especially in agriculture and forestry vertical
E-mobility to define growth strategies of market players in near future

“Reliability, coupled with long-lasting service life, of compact loaders is auguring well for rental models in the global market, which captures relatively greater revenue share in the compact construction equipment industry versus other product families such as general purpose excavators. In addition, advent of electromobility (e-mobility) is expected to further work in favor of rental business models in coming years,” says analyst at FMI.

COVID-19 Impact on Compact Loaders Market

With prolonged inactivity in construction industry, overall delays in construction project timelines, and interrupted fund flows for operations, the global compact loaders market is at the wrong end of COVID-19 pandemic.

As a preventative measure against COVID-19 crisis, majority of manufacturers have been prioritizing workforce safety and are closing down most of their manufacturing units for certain timeframe.

Construction activities have contracted across the globe in Q2 of 2020 amid countrywide lockdowns and impact of physical distancing protocols. About a quarter of projects were paused in the second quarter, and on-site productivity is projected to fall by 12% in near future.

Moving ahead, sales volume of construction equipment has plummeted nearly 70% on-year during first quarter, and utilization has almost halved, following 20% volume dip in FY 2020. That said, the compact loaders market is set for steady recovery as building sites gradually reopen after lockdown relaxations.

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Compact Loaders Market – Competitive Intelligence

Significant rise in e-mobility is likely to reimagine the market landscape. Manufacturers are investing heavily in transforming their product lines from diesel to electric. For instance,

Case Construction Equipment has rolled out Project Zeus 580 EV, which is regarded as first fully electric backhoe loader in construction industry.
Volvo CE is expected to kick start the production of its range of electric wheel loaders and compact excavators, which would be ideal for city use.
Yanmar Holdings has acquired ASV Holdings, which is among key suppliers for compact tracked loaders and skid steer loaders. The acquisition has aided Yanmar Holdings to utilize well-established dealer network of ASV Holdings and strengthen its position globally, particularly in North America.

Market Taxonomy

Application

Construction
Agriculture and Forestry
Industrial
Utilities

Product Type

Compact Track Loaders
Skid Steer Loaders
Backhoe Loaders
Wheeled Loaders

Region

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan
Middle East and Africa
Japan

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Furthermore, the trend towards electrification of compact loaders is poised to persist as technology matures and becomes more consolidated for off-road use cases.

Base year considered – 2019
Historical Period- 2015 – 2019
Forecast period – 2020 – 2030
Market Value in 2019 –
Segments covered -Product type, application and region
Regions Covered -North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Middle East & Africa (MEA), and Japan
Key Companies-Caterpillar Inc., Komatsu Ltd., Hitachi Construction Machinery Co. Ltd., Yanmar Holding Co. Ltd., Volvo Construction Equipment, Liebherr Group, Deere & Company, Xuzhou Construction Machinery Group Co. Ltd., Sany Heavy Industry Co. Ltd., Doosan Corporation, KUBOTA Corporation, CNH Industrial N.V., and Takeuchi Mfg. Co. Ltd.

Key Questions Answered in the Report:

Which product type will hold major share of compact loaders market globally and why?
What are the factors driving the global compact loaders market?
What will be the revenue size of compact loaders market by 2030?
Who are the leading manufacturers in the compact loaders market?
Which trends and innovations are expected to transform the global compact loaders market in coming years?

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Ski Gear & Equipment Market to grow at a rate of 3.2% by 2032 | Get Customized Reports

The ski gear & equipment market size is expected to reach US$ 2.26 Billion in 2032, growing at a CAGR of 3.2% CAGR during the forecast period 2022-2032.

Skiing is considered to be one of the most popular and fascinating adventure sport practiced in the North American and the European regions in large scale. Over the years, the global skiing sports industry has witnessed a rise in the number of participants and audience which is attributable to the experience one gets while playing sports. With the rise in popularity of the sports, skiing is now being considered in global sports event such as the Olympics.

There are types of skiing practiced i.e. cross-country skiing, Alpine skiing and ski touring. With the rise in the number of participants for the sports, there has been a significant rise in demand for various types of ski gear & equipment. Ski gear & equipment promotes safety and smooth rides to its users.

Now that skiing is considered one of the commercial sports in the global industry, ski gear & equipment has been gaining traction in various parts of the world. Ski gear & equipment includes jackets, snowboards, goggles etc which are available in various styles that cater to varying needs and demands of its customers.

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Global Ski Gear & Equipment Market: Reasons for covering this Title

Skiing sports is one kind of adventure sport played since decades having its origin from Norway in Europe. Now the sports has been commercialized since the sports are being considered as one of the Olympic Games. As skiing is being considered as one of the adventure sports for the tourist as well as a big-time commercial sport for the professionals.

As a result, over the last couple of decades, there has been large-scale demand for ski gear & equipment in the global market. Various types of ski gear & equipment such as goggles, times, safety equipment are being considered as the basic essential equipment for skiing.

Ski gear & equipment manufacturers now strategize on coming up with unique products that cater to the needs of various demographic sectors i.e. men, women, and kids. Ski gear & equipment not only promotes safety but also overall style and appearance that suits its end users.

Global Ski Gear & Equipment Market: Key Players

Some of the key players operating in the global Ski Gear & Equipment market are Burton Snowboard, The Boarding Company Limited, ELAN, D.O.O. & ARENDICOM GMBH, HEAD Sports GmbH, SKI ROSSIGNOL, Surfdome Shop Ltd among others.

Ski Gear & Equipment Market: Key Trends

Major Ski Gear & Equipment manufacturers have been strategizing on innovation in the view of coming up with a new range of Ski Gear & Equipment products catering to varying needs and requirements of its target customers.

Ski Gear & Equipment Market: Key Developments

In 2017, Burton Snowboard, one of the key players in global Ski Gear & Equipment launched a new kind of ski gear & equipment product i.e. new strapless, step-in Step On boot-binding system, after five years of R&D.
In 2017, various key players in European ski gear & equipment market organized a high-profile exhibition The Telegraph Ski & Snowboard Show notifying its key product launches of the year to its target customers.

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Opportunities for Ski Gear & Equipment Market Participants

There have been recent developments where artificial snow environment being installed in the commercial mall for better customer services and experiences. For instance, the Dubai Mall has installed artificial snowboard for its customers to have a gist on how various snow sports like skiing looks like. Likewise, there are many other prominent malls that have come up with such initiatives. This one critical factor will further provide a critical opportunity for ski gear and equipment to gain traction at a significant rate in the global market.

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Global Ski Gear & Equipment: Market Segmentation

On the basis of types, the global Ski Gear & Equipment market has been segmented as –

Jacket
Timer
Goggles
Helmets
Snowboard
Snowboard boots
Ski Gloves
Snowboard sticks
Skiing apparels
Others

On the basis of application, the global Ski Gear & Equipment market has been segmented as –

Cross-county skiing
Alpine Skiing
Downhill skiing
Ski touring

On the basis of end use, the global Ski Gear & Equipment market has been segmented as –

Men
Women
Kids

On the basis of the sales channel, the global Ski Gear & Equipment market has been segmented as –

Wholesaler/Distributors
Specialty Store
Franchise Stores
Online Store

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Ethylene Dichloride Market Is Expected To See a growth of 3.7% | Future Market Insights

Future Market Insights has published a new research study titled “Ethylene Dichloride Market: Global Industry Analysis 2013–2021 and Opportunity Assessment 2022–2028”. As per data cited in the report, the market value roughly equated US$ 19.2 Bn in 2021, which will reportedly grow at a modest 3.7% CAGR through 2028. The overall Y-o-Y growth estimated for the global ethylene dichloride market will remain moderate, under-4% throughout the projection period, 2022-2028.

The study attributes the positive growth prospects of ethylene dichloride market to the increasing consumption of ethylene dichloride (EDC) across the chemical industry, which is further strongly supported by robust growth of infrastructural activities demanding volumes of ethylene dichloride for specialized applications. According to FMI’s analysis, applications of ethylene dichloride will be prominent in polyvinyl chloride (PVC) or vinyl monomer chloride, generating high traction within the residential and commercial infrastructure.

Vinyl monomer chloride segment is estimated to hold more than a three-fourths market value share in the global market by the end of the forecast period.
Collectively, North America and East Asia are expected to hold more than half the value share of the global ethylene dichloride market.
In the East region, China is a prominent consumer of ethylene dichloride.

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Chemical Industry Continues to Extend the Lion’s Share towards Ethylene Dichloride Market Growth

The global chemical industry is expected to exhibit strong growth over the next few decades, which is most likely to accelerate a shift from imports to domestic manufacturing bases, particularly in emerging economies. While developing regional markets continue to receive strong governmental support, the report opines that consumption of ethylene dichloride will continue to see a surge over the coming years.

Substantial volumes of ethylene dichloride are consumed as a solvent in the manufacturing of ethylene amines and in the fumigation production process. Thus, the growth of the chemical industry is expected to directly propel the growth of ethylene dichloride market.

Furthermore, growth of textile, adhesives, and mining industries will create high-potential opportunities for intermediates such as ethylene dichloride. Such organic growth across multiple end users of ethylene dichloride is projected to fuel the global ethylene dichloride market growth during the forecast period.

Ethylene Dichloride Finds Applications as a Raw Material in PVC Production

Ethylene dichloride is predominantly used as a raw material of polyvinyl dichloride (PVC) and thus, the ethylene dichloride market is influenced by the thriving PVC/VCM market.

Global PVC sales accounted for the revenue of over US$ 58 billion in 2017 and the consumption is expected to grow at a healthy rate through 2022, as indicated by research. In light of this unmet demand for PVC, the global ethylene dichloride market is anticipated to register a healthy CAGR throughout the forecast period.

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Stringent Regulations on Ethylene Dichloride Create Manufacturing Challenges

On the flip side, ethylene dichloride is toxic in nature and highly flammable, and has a pleasant chloroform-like odour and irritating vapours. It can affect the nervous system, cause nausea, drunkenness, depression, and vomiting.

EDC affects the central nervous system and cardiovascular system and in certain cases, it may be fatal. It is considered poison for the liver and kidney. These factors are estimated to hinder the overall performance of ethylene dichloride market in years to come.

Leading Ethylene Dichloride Manufacturers Adopt Application-specific Business Strategies

Key players of the global ethylene dichloride market are focusing on collaborations, innovative product development, acquisitions, and expansion. Manufacturers are primarily targeting high development areas and producing application-specific products to gain higher market attraction.

Olin Corporation (Manufacture of ethylene dichloride) signed an agreement with The NRC Group for the distribution of chemical products including ethylene dichloride, epoxy resins and curing agents for coatings, civil engineering, adhesives and composites industries across Europe. Further, in 2015, the company acquired the Chloralkali and epoxy division from The Dow Chemical Company to fulfil the increasing demand for commodity chemicals.
Three subsidiaries of TOSOH CORPORATION, a manufacturer of ethylene dichloride, namely Tosoh Finechem Corporation, Tosoh F-Tech, Inc and Tosoh Organic Chemical Co., Ltd. were merged together to combine their distinctive technologies to accelerate the development of chemical compounds.
In 2019, Formosa Plastics Corporation, a manufacturer of ethylene dichloride, announced the expansion of ethylene dichloride production by up to 800,000 metric tons per annum in Mailiao, Taiwan.

The report on the global ethylene dichloride market studies some of the major players in the ethylene dichloride market, such as Occidental Chemical Corporation, Formosa Plastic Corporation, Olin Corporation, Vynova Group, Tosoh Corporation, SABIC, Tokyo Chemical Industry Co., Ltd. PT Asahimas Chemical, Prochem, Inc., and ThyssenKrupp AG, and among others.

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Ethylene Dichloride Market By Category

Application :

Vinyl Chloride Monomer (VCM)
Ethylene Amines
Other Solvents

Production Process :

Direct Chlorination
Oxy Chlorination

Region :

North America
Latin America
Europe
South Asia
East Asia
MEA

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Compressor Oil Market Is Expected To See a growth of 4.6% | Future Market Insights

Surge in demand for synthetic compressor oil from the power generation industry is expected to contribute significantly towards the growth of compressor oil market, finds Future Market Insights (FMI) in a study. According to the report, the market is forecast to exhibit a CAGR of 4.6% by 2031. Growth will continue, especially as the demand for un-interrupted power supply leads to increased spending on power infrastructure. As per FMI, synthetic oil will account for over 50% of sales in 2021. Bullish growth is on cards despite a period of temporary lull following curbs imposed amid COVID-19.

Moreover, the steady recovery of oil & gas industry from downturn is likely to augment sales in the global compressor oil market. The oil & gas industry was heavily impacted owing to muted demand from end-use industries amid ongoing pandemic. Recovering oil & gas demand owing to return of industrial activity is likely to help global compressor oil market grow during the forecast period.

Compressor oil is a highly formulated refined base oil, which contains relatively high performer additives to promote lubrication in various types of compressors. They are available in four different types on the basis of oil types such as synthetic, bio-based, mineral, and semi-synthetic compressor oils. These are designed to provide a long service life, thermal stability, outstanding oxidation performance, resistance to rust & corrosion, controls foam, and water separation and other benefits.

Thermal stability and oxidation resistance of these oils can help to maintain cleaner compressors, thereby enabling long running periods between scheduled maintenance and oil change. The requirement of compressor oil varies considerably based on the compressor type, the environment in which it is used, and the type of gas that is being compressed. These factors will prove crucial for continued growth of the global compressor oil market.

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Key Takeaways from Compressor Oil Market Study

Driven by the rising demand for reliable & continuous power supply, the compressor oil market will continue expanding, reaching a valuation of US$ 9,298.7 Mn by 2031
Expansion of power generation and the oil and gas sectors is giving tailwinds to growth in the U.S., which will continue account for over 75% of sales by 2031
Increasing manufacturing activities are identified as chief drivers of the China market, enabling y-o-y growth at 6.6% in 2021
Germany and France too will report impressive recovery following a period COVID-19 induced slowdown in the Compressor Oil market
India’s contribution towards South Asia Pacific market will continue rising, trailed by ASEAN.

“Compressor oil market has a consolidated vendor landscape, primarily dominated by the manufacturers of synthetic oil. Competition however is likely to increase and to gain edge market players are expected to focus on expanding their production capacity. Besides this, some are even undertaking strategic collaborations to expand their footprint globally,” said a lead analyst at FMI.

Compressor Oil Market: Participant Insights

Key manufacturers in the Compressor Oil market, like ExxonMobil Corporation, Royal Dutch Shell Plc., BP Plc, Chevron, Total SA, Sinopec, DOW inc., Fuchs Petrolub AG, BASF SE, Atlas Copco Ltd., Croda International plc, Sasol Limited, UltraChem Inc., Castral, The Refrigerant Oil Company Pty Ltd, Petro‐Canada Lubricants Inc., Carol Petroleum Pvt Ltd, The United Oil Company Inc., Carol Petroleum Pvt Ltd, Kluber Lubrication, ICHIRO CORPORATION CO LTD, JAPAN and others are focused on strengthening their product portfolio and expanding their market footprint through acquisition of smaller companies in the market.

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Rising Application across Diverse Sectors Remains Key Growth Driver

Increasing demand in oil & gas, power, automotive, and other industries has resulted due to a number of factors such as increasing consumer power, focus on sustainability, urbanization, consolidation, and a growing middle class population. These changes are propelling the demand for investments and economies of scale, which is creating up significant opportunities for compressor oil.

Compressor oil is characterized by rising living standards of people across the globe and increasing household investment in several appliances like refrigerators, AC, and others. These appliances require compressors. Thus, the sales of compressors are anticipated to rise significantly in the near future which will boost the demand of compressor oil. Hence, the rising demand for consumer appliances and increasing industrial infrastructure across the globe are creating significant opportunities for compressor oil manufacturers.

Compressor Oil Market by Category

By Oil Type

Synthetic Oil
Mineral Oil
Semi Synthetic Oil
Bio Based Oil

By Compressor

Reciprocating Compressors
Sliding Vane Compressors
Centrifugal Compressors
Screw Compressors
Rotary Compressors

By End Use

Oil & Gas
Automotive
Power
Manufacturing and Others

By Sales Channel

OEM
Aftermarket

Region

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

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Want to Know More?

Future Market Insights has published a market research report on the Compressor Oil market that contains global analysis for 2016–2020 and opportunity assessment for 2021–2031. The report provides insightful analysis of the Compressor Oil market through five different segments- Gas type, by End Use Equipment, by application, By End Use and region.

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Polyurea Coatings Market to Display Impressive Growth of 9.0% with Rising Demand

Future Market Insights offers vital insights concerning to the global polyurea coatings market, and delivers exclusive information through structured market research. The report titled, ‘Polyurea Coatings Market: Global Industry Analysis 2014–2018 and Opportunity Assessment 2019–2029′, estimates the market and forecasts the forthcoming market scenario on the basis of type, isocynate type, application, and region. The global polyurea coatings market was valued nearly US$ 600 Mn in terms of value at the end of 2018, and is expected to surpass US$ 1,500 Mn by the end of the forecast period, registering a CAGR of over 9.0%.

The global polyurea coatings market is segmented on the basis its type into pure polyurea and hybrid polyurea. On the basis of type, the hybrid polyurea segment is a prominent segment in the global polyurea coatings market, as it has a lower price range and also various application areas. However, the pure polyurea coatings segment is projected to witness healthy growth during the forecast period. Rising environmental concerns towards the risks associated with VOC content coatings, and shifting trend towards the adoption of advanced as well as eco-friendly coating technologies to drive the demand for polyurea coatings.

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Rapid Industrial Growth to Propel the Polyurea Coatings Market

Polyurea coatings are primarily used for waterproofing and corrosion-protection purposes. Polyurea coatings are used for the waterproofing of roofs, walls, and floors in the building & construction industry. Polyurea coatings are also used as bridge coatings for corrosion protection as well as waterproofing. Therefore, the growing building and construction industry and increasing infrastructural development, especially in developing nations, are expected to drive the growth of the polyurea coatings market.

Polyurea coatings are used as pipeline coatings, tank coatings, and also for coating machinery & equipment in various industries such as chemicals, oil & gas, mining, water supply & treatment, etc. Hence, rapid industrialization across the globe will positively influence the polyurea coatings market. Increasing environmental awareness pertaining to VOC emissions will act as prime driving factor for the polyurea coatings market. Growing automotive production will elevate the demand for polyurea coatings, as they are used as anti-scratch and anti-corrosive coatings. Growing urban population, rising GDP growth of developing countries, and increased consumer spending are expected to indirectly drive the growth of the polyurea coatings market.

Polyurea coatings cure quickly and are highly reactive. The application of polyurea coatings on wet surfaces may cause poor adhesion on the surface. Thus, the surface requires adequate amount of drying time before the application of a polyurea coating. Moreover, the cost of application of polyurea coatings is much higher, owing to the cost of the spraying equipment. The handling of such equipment requires skilled labourers and technicians. The aforementioned factors might hamper the growth of the polyurea coatings market.

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South Asia’s Market for Polyurea Coatings to Witness Lucrative Growth Prospects

From a regional perspective, Europe and North America are prominent markets for polyurea coatings, due to the increasing demand for advanced and eco-friendly coatings because of stringent environmental regulations pertaining to VOC emissions. Increasing government initiatives for the adoption of advanced coating technologies due to rising environmental awareness in regions such as East Asia and South Asia are expected to drive the demand for polyurea coatings in South Asia and East Asia. South Asia is estimated to grow at a CAGR of over 11%.

During the latter half of the forecast period, East Asia is expected to surpass Europe in terms of market value. Also, regions such as Latin America are anticipated to witness substantial growth during the forecast period, due to the growth in building & construction activities and automotive production. Also, the markets in regions such Oceania and the Middle East & Africa are expected to experience healthy growth during the forecast period.

Polyurea Coatings Market: Competition Landscape

Some of the players stated in the study of the global polyurea coatings market are BASF SE, Huntsman Corporation, Teknos Groups, DowDuPont Inc., Versaflex Incorporated, Sherwin Williams Company, Pidilite Industries Ltd., Covestro AG, PPG Industry Inc., and Rhino Linings Corporation, among others.

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Polyurea Coatings Market Taxonomy

The global polyurea coatings market is segmented in detail to cover every aspect of the market, and present a complete market intelligence approach in front of the reader.

By Type

Pure Polyurea
Hybrid Polyurea

By Isocynate Type

Aromatic
Aliphatic

By Application

Building & Construction
Industrial
Automotive & Transportation

Region

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East & Africa

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