Textile Auxiliaries Market sales expected to top a valuation of US$ 16,589.3 Mn by 2032

The global textile auxiliaries market is projected to reach a valuation of US$ 16,589.3 Mn in 2032, with sales growing at a moderate CAGR of 5.2% from 2022 to 2032. Scaling up from a value of US$ 9,491.1 Mn in 2021, the target market will likely reach an estimated US$ 9,992.4 Mn in 2022. The expanding textile chemicals market is predicted to bolster the growth of the textile auxiliaries market during the forecast period.

Specialty chemicals that are applied in the different steps in the fabrication of textiles and fabrics are categorized as textile chemicals. These chemicals have the capacity to make fabric stronger, more adaptable, and further improve its original characteristics.

The constant demand and growth of the textile chemicals industry is a prime growth driver of the global textile auxiliaries market. In addition to this, the increasing adoption of technical textiles in various industries is likely to promote the growth of the textile auxiliaries market. Technical textiles provide strength, resistance, and ensure protection from different pollutants and environmental factors.

These textiles are in high demand from the rising infrastructural development and rapid urbanization. This is because technical textiles are more durable and effective as compared to traditional textile materials. This ultimately leads to the expansion of the target market.

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The expanding automotive sector, increasing environmental awareness and rising application of technical textiles in environmental protection initiatives like erosion protection, waste treatment/recycling, and domestic water sewerage plants are some of the other factors that are promoting the growth of the textile auxiliaries market during the forecast period.

“Heightened popularity as well as rising application of technical textiles in multiple industry verticals is expected to drive the global growth of the textile auxiliaries market over the forecast period,” says an FMI analyst. 

Key Takeaways:

  • Stringent environmental regulations will likely stunt market growth over the forecast period.
  • Asia Pacific is offering multiple lucrative opportunities to the textile auxiliaries market.
  • Major player of the market are keen on investing more into developing eco-friendly, energy-efficient, and affordable chemicals.
  • In 2022, the pre-treatment agents subsegment will account for 38.1% of the global sales of textile auxiliaries market.
  • The dyestuff segment is predicted to register a 5.3% CAGR during the forecast period.

Competitive Landscape 

Huntsman Corporation, Solvay, Tata Chemicals, DyStar Singapore Pte Ltd., The Dow Chemical Company, Akzo Nobel N.V., Evonik Industries AG, Archroma Limited, Zschimmer and Schwarz GmbH & Co KG, Rudolph GmbH, ChemDyes Sdn Bhd, Oleon, Fibro Chem LLC, Covestro AG, Camex Ltd., Fineotex Group, Croda International Plc, OMNOVA Solutions Inc., and Kemin Industries among others are some of the major players in the textile auxiliaries market profiled in the full version of the report.

Major market players are concentrating on increasing investment in research and development activities to introduce innovative products in the market. These players are keen on expanding their capacity and entering new markets in emerging economies. Acquisition of other firms is another strategy employed by these organizations to gain a stronghold in the international market.

  • In june 2022, Cosmo Speciality Chemicals, a subsidiary of Cosmo Films, launched a new cost-effective finishing textile auxiliary, Silky SF – a cationic softener that enables excellent softening effect on all kinds of textile and offers a silky touch to the fabric.
  • In April 2022, Garmon Chemicals, the Kemin Textile Auxiliaries business unit introduced a sustainable “Power Saving” approach that combines processes and chemicals to improve the efficiency of garment-finishing treatments, reduce costs and resource consumption.

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More Insights into Textile Auxiliaries Market Report

In its latest report, FMI offers an unbiased analysis of the global textile auxiliaries market, providing historical data from 2014 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type (pre-treatment agents, dye-stuffs, finishing agents, softening agents, anti-foaming against, odor absorbers, corrosion inhibitors), end user (apparel, home and institutional, technical textiles, digital printing), and region.

According to the latest FMI reports, based on segmentation, the pre-treatment agents segment will continue to lead the market growth. This category is expected to account for about 38.1% of the global sales in 2022 while the dyestuff segment is predicted to record a CAGR of 5.3%  during the forecast period of 2022-2032.

Based on region, AustraliaChinaJapan, and India are anticipated to present substantial growth during 2022-2032. Together, all of these nations will hold about 40%-45% value share of the global market. Factors like rising population, swiftly growing economies, advancing textile and textile chemicals industry, increasing manufacturing and consumption of clothing items, and an increasingly strong presence of small and medium enterprises are expected to fuel the growth of the textile auxiliaries market in these countries. Other nations like the U.S., Germany, and the U.K. will also exhibit considerable growth over the forecast period.

Textile Auxiliaries Market Segmentation

By Product Type:

  • Pre-Treatment Agents
  • Dye-Stuffs
  • Finishing Agents
  • Softening Agents
  • Anti-Foaming Agents
  • Odour Absorbers
  • Corrosion Inhibitors

By End Use:

  • Apparel
  • Home and Institutional
  • Technical Textiles
  • Digital Printing

By Region:

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

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Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Technology Roadmap

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

4. Key Success Factors

to be continued…!

About FMI

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

Contact Us:

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Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/textile-auxiliaries-market
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South Asia Geosynthetics Market expected to reach US$ 4,441 Mn by 2032 – FMI

The South Asian Geosynthetics Market is expected to bolster at a phenomenal growth by witnessing a steady growth outlook of the magnitude of 12.2% over the projection period. The global market is estimated to be valued at US$ 1,404.6 Mn by 2022 and is predicted to reach US$ 4,441 Mn by 2032.

Geosynthetic Sales (2021A) US $ 1,242 Mn
Geosynthetic Demand (2022E) US $ 1,404.6 Mn
Geosynthetic Market Projections (2032F) US $ 2,363.1 Mn
Value CAGR (2022-2032) 12.2 %

The rise in infrastructure development all over the region is expected to drive growth in the market. The growth outlook between the period ranging from 2017 and 2021 was approximately 11.5% in South Asia.

There is a consistent growth in the demand for geosynthetics owing to the growing demand from the construction sector, which incorporated road construction, erosion control, and others. Based on the current estimations, the market is to witness a growth outlook of about 12.2% between 2022 and 2032 in South Asia.

There is a surging awareness of applications in the construction industry which includes reinforcement, separation, containment, drainage, filtration, and sediment control is driving demand for the geosynthetics market.

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The most popular destinations for the APAC region are among the ASEAN countries with regard to geosynthetics used in containment, separation, and waterproofing applications. Geomembranes are expected to be the most widely utilized geosynthetic product due to their popularity in this work and are estimated to have the highest share in geosynthetics used in this field.

Geosynthetic consumption in the South Asia region is anticipated to account for around 13% of the global demand.

Geosynthetics Market is forecast to register a CAGR of 10.1% between 2022 and 2029. The North American geosynthetics market accounts for around 25.8% share in 2022. Demand for Geosynthetic Products like Geogrids to Remian High in Road Segment

Key Takeaways

  • Geosynthetic materials are massively utilized in various road development projects. These materials are utilized for subgrade separation and stabilization, base reinforcement, filtration & drainage facility, along with overlay stress absorption and reinforcement. Widespread application of geosynthetics in railway provides an improvement in stress propagation and offers stability.
  • The government is taking various initiatives in order to improve the infrastructure of the country along with improving connectivity and enhancing logistics. From 2016 to 2017, the Indian government invested around US$ 14 Bn (INR 97,000 Crore) for road infrastructure development. At present, 28.64 km of roadways are constructed daily in India. In addition to that, the Indian government has announced National Infrastructure Pipeline (NIP) project with an overall budget of US$ 1.3 trillion, all these initiatives are anticipated to create substantial growth opportunities for the market.
  • The market of geosynthetics is dominantly influenced by several macroeconomic, innovation, and demographic factors comprising infrastructure investment, urbanization, waste management, and a focus on a circular economy. Further, a rise in concern for wastewater management is expected to elevate the demand during the forecast period.
  • There are widespread applications of Geosynthetics, they can be utilized for controlling leakages of contaminated liquid into rivers, aquifers, and groundwaters. Geosynthetics are utilized in several applications such as drainage, containment, material separation, filtration, reinforcements of structure, etc. are expected to create significant opportunities for the market in the coming years. All these aspects are considered for the forecast growth magnitude.

Competitive Landscape

Dominant market players are focusing on expanding their presence in countries where significant growth in the construction industry is being witnessed. Key market players are focusing on tie-ups with regional vendors, distributors, and construction companies to promote their products.

Furthermore, market participants are surging on innovating geosynthetic materials for specific applications. Several market players are concentrating on investing to decrease their carbon footprint and are utilizing plastic waste for the production of geosynthetic materials generating a trend of the circular economy.

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Key Companies Profiled: –

  • Hueskar Synthetic GmbH
  • GSE Environmental Inc.
  • Geofabrics Australasia Pty. Ltd.
  • Tensar International Corporation
  • Polyfabrics Australasia Pty. Ltd.
  • NAUE GmbH & Co. KG
  • Global synthetics pty Ltd.
  • Others

Geosynthetic Market Segmentation

By Product Type:

  • Geotextile
  • Geomembrane
  • Geogrid
  • Geonet
  • Geosynthetic clay liner
  • Geocomposite
  • Other

By Material Type:

  • Polyethylene (HDPE/LDPE/Others)
  • Polypropylene (PP)
  • Polyester
  • Natural Fibers
  • Others (PVC, Synthetic rubber, etc)

By Primary Function:

  • Separation
  • Drainage & Filtration
  • Reinforcement
  • Containment

By Application Type:

  • Roads
  • Railways
  • Retaining wall
  • Dams, Riverbacks,Waterworks
  • Landfills and Erosion control
  • Others

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Technology Roadmap

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

to be continued…!

About FMI

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/south-asia-geosynthetics-market
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Textile Colourant Market expected to top a valuation of US$ 11,590.4 Mn by 2032

The Future Market Insights is anticipated to register a healthy CAGR of a magnitude of 5.4% over the projection period from 2022 to 2032. The global textile colorant market is expected to reach a valuation of US$ 6,850.0 Mn in 2022 and is predicted to surpass a valuation of US$ 11,590.4 Mn by 2032.

The growth in the market is attributed to the rising demand for clothes along with an increase in disposable income across the world is expected to boost demand in the global textile colorant market during the forecast period.

Growth in the demand for fashion textiles and home decor are prominent growth driving factors for textile colorants. East Asia region is expected to remain the dominant region for the production & consumption of textile colorants and the region is expected to account for about 48% of global textile production.

Various countries like India & ASEAN from South Asia also account for a remarkable share of the global market. Demand for textile colorants is expected to account for around 9 to 11% of the global colorants’ consumption.

According to the analysis of Future Market Insights, the global market if textile colorants market’s historical analysis witnessed growth at a CAGR of 5.0% from 2017 to 2021.

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In addition to that, as per the current estimations, the forecast growth outlook revolves around 5.4% CAGR over the current projection ranging from 2022 to 2032. The growth of the market is attributed to the rise in the projections in the textile industry and recovery from the pandemic crisis.

Key Takeaways

  • Technical textiles are known as special textile qualities made up of particular chemicals and physical properties that are designed for specific end uses. These types of textiles are utilized in healthcare, sports, engineering, and consumer goods industries for specific purposes such as raincoats and body warmers. Demand for these textiles is surging owing to the changing consumer preferences, customization options, and perceived effectiveness of these products.
  • Geotextiles known as a type of technical textile utilized in geotechnical applications are gaining rapid traction over the assessment period owing to growing environmental concerns. This factor is expected to bolster the demand for geotechnical textiles.
  • In addition to that, neon dyes utilized in athletic apparel offer highly reflective properties, supporting safety measures for athletes competing in cross-country and marathon events. Owing to such numerous properties, the demand for dyes for the production of technical textiles is constantly increasing.
  • One of the prominent factors inhibiting the growth of the textile dye market is its low sustainability. It has been estimated that more than 1,000 liters of water are required to produce 1 kg of dye. In addition, the dyeing process consumes a significant amount of water, which results in the degradation of the environment. Furthermore, throughout the dyeing process, a large amount of dye is combined into the wastewater, causing pollution of natural water resources.
  • Several prominent environmental authorities and regional governments have strictly regulated the wastes from dyeing industries and imposed restrictions on the use of hazardous chemicals during the manufacturing processes. The surging development of natural dyes and the promotion of biodegradable materials can benefit the market to expand in spite of these regulations.

Competitive Landscape

The market is fragmented and diversified with the presence of major company players offering over 10,000 variants of textile colorants. Prominent market players in textile colorants are concentrating on product innovations and partnerships with other market players to increase their portfolio & consumer base.

In addition to that, the rapid expansion of strategy incorporates expansions, and geographical expansions in the emerging economies to bolster the stronghold in the market. Dominant market players are investing in research and innovations for product development along with introducing sustainable products to minimize the carbon footprint.

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Key Companies Profiled: –

  • Huntsman Corporation
  • LANXESS AG
  • KRONOS Worldwide, Inc.
  • Kiri Industries Ltd.
  • Atul Ltd.
  • Allied Industrial Corp. Ltd.
  • Archroma Management LLC
  • DyStar Group
  • Standard Colors, Inc.
  • Dye Systems, Inc.
  • DuPont
  • BASF SE
  • Jay Chemical Industries Ltd.

More Insights into the Textile Colorant Market

China is anticipated to be the world’s largest producer of dyes and is expected to remain one of the crucial producers of textile colorants all over the world attributing to substantial growth in the manufacturing industry. China is expected to witness a growth rate of about 5.8% over the period of 2022 and 2032.

Textile Colorant Market Segmentation

By Product Form:

  • Powder
  • Granules
  • Paste
  • Liquid

By Application:

  • Apparel
  • Household
  • Technical Textiles
  • Automotive
  • Accessories

By Dye Type:

  • Reactive Dye
  • Acid Dye
  • Direct Dye
  • Disperse Dye
  • Basic Dye

By Fibre Type:

  • Wool
  • Nylon
  • Cotton
  • Polyester
  • Acrylic
  • Acetate
  • Rayon

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Technology Roadmap

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

4. Key Success Factors

to be continued…!

About FMI

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/textile-colourant-market
For Sales Enquiries:
 sales@futuremarketinsights.com
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Fluoropolymer Films Market projected to reach US$ 3,120.3 Mn in 2032 – FMI

Industrial & equipment is predicted to stay the important thing end-use segment, accounting for over one-fourth of the complete proportion within the international market at some point of the forecast length. Destiny market Insights gives key insights on the worldwide fluoropolymer films market in its modern-day report titled ‘Fluoropolymer films marketplace: worldwide enterprise analysis and possibility assessment, 2032.’ The long-term outlook on the worldwide fluoropolymer films marketplace is predicted to be powerful, with the marketplace price anticipated to increase at a CAGR of 6.4% at some point of the forecast duration (2022–2032).

International income of fluoropolymer films changed into pegged at US$ 1,398.0 Mn on the end of 2016 while APEJ accounted for a fee percent of 30.1% within the worldwide fluoropolymer films marketplace on the end of the same three hundred and sixty five days. The APEJ market is expected to preserve its dominance at some point of the forecast duration. On this document, destiny market Insights throws mild on the drivers and restraints likely to effect the marketplace all through the forecast duration. The wonderful strategies of introduction in Europe in evaluation with the U.S. And other areas of the arena have an effect on the regionally differing call for for FEP in a first rate manner.

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The worldwide fluoropolymer films marketplace is notably advocated by way of way of the constructing and creation, business & device and electric & electronics sectors. Business & device is a large give up-use segment for fluoropolymer films, accounting for a large marketplace share in phrases of volume similarly to value. The utilization of fluoropolymer films in sun PV modules is predicted to facilitate the boom of the segment over the forecast length. Furthermore, increase within the electric & electronics enterprise is anticipated to steer the fluoropolymer films market surely, growing robust sales possibilities for fluoropolymer films in advanced further to developing global places. Establishing prolonged-term supply contracts with direct stop-clients can offer stability in addition to increase possibilities for producers in terms of income generation.

However, the global fluoropolymer films market is expected to face some challenges. High price and relatively more complex manufacturing process are some of the factors that may impact the growth of the fluoropolymer films market.

Fluoropolymer Films Market: Segmentation analysis

The fluoropolymer films market has been segmented on the basis of product type and end-use. On the basis of product type, the market can be segmented into PTFE, FEP, PFA, PVF, PVDF, ETFE and others. On the basis of end-use, the fluoropolymer films market has been segmented into automotive & aerospace, building & construction, electrical & electronics, industrial & equipment, packaging, and others.

  • Among the end use segments, the industrial & equipment segment is anticipated to dominate the market in terms of value throughout the forecast period. The segment is expected to represent a total incremental opportunity of US$ 302.3 Mn between 2016 and 2026
  • The electrical & electronics end use segment is anticipated to witness significant demand in terms of value over the forecast period. The segment is expected to represent a value of US$ 578.1 Mn by 2026 end

Fluoropolymer Films Market: Regional Market Projections

APEJ is pegged to be the leading market for fluoropolymer films and the region accounted for an estimated revenue share of 30.1% at the end of 2016. China is expected to hold a large revenue share in terms of value and volume in the Asia Pacific fluoropolymer films market through 2026, exhibiting a value CAGR of 6.8% between 2016 and 2026. North America is expected to remain a prominent market for fluoropolymer films, increasing at a value CAGR of 6.3% over the forecast period.

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Fluoropolymer Films Market: Competition Analysis

The report highlights some of the key companies operating in the global fluoropolymer films market, which include The Chemours Company, Arkema Group, Solvay sa., DAIKIN INDUSTRIES Ltd., Asahi Glass Co., Ltd., 3M Company, Saint Gobain S.A., Polyflon Technology Ltd., Dongyue Group Ltd, Honeywell International Inc. Key market players are focussing on developing novel products and production technologies and decreasing the overall processing cost.

Fluoropolymer Films Market: Segmentation

To understand and assess opportunities in the global fluoropolymer films market, we have divided the report into three sections:

By Product Type, Market is segmented as:

  • Polytetrafluoroethylene (PTFE)
  • Fluorinated Ethylene Propylene (FEP)
  • Perfluoroalkoxy Alkane (PFA)
  • Polyvinyl Fluoride (PVF)
  • Polyvinylidene Fluoride (PVDF)
  • Ethylene tetrafluoroethylene (ETFE)
  • Others (ECTFE, PCTFE, etc.)

By End Use, Market is segmented as:

  • Automotive and Aerospace
  • Electrical and Electronics
  • Industrial and Equipment
  • Packaging
  • Building and Construction
  • Others

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

4. Key Success Factors

4.1. Product Adoption / Usage Analysis

5. Global Fluoropolymer Films Market Demand Analysis 2017-2021 and Forecast, 2022-2032

to be continued…!

About FMI

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/fluoropolymer-film-market
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 sales@futuremarketinsights.com
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UV Coatings Market projected to increase at a healthy 5.2% CAGR between 2022 and 2031

Demand in the global UV coatings market is projected to increase at a healthy 5.2% CAGR between 2021 and 2031. As per the report, the market size reached US$ 3,677 Mn in 2021. Sales in the UV coatings market represented nearly 43.1% of the global radiation curable coatings market in 2021.

UV Coatings Market Base Year Value (2020A) US$ 3.5 Bn3,529 Mn
UV Coating Market Estimated Year Value (2021E) US$ 3.6 Bn 3,677  Mn
UV Coatings Market Projected Year Value (2031F) US $ 6,079 Mn
UV Coatings Market Value-based CAGR (2021-2031) 5.2%
UV Coatings Market Collective Value Share: Top 3 Countries (2020A)  31.2%

The global UV Coatings Market reached a valuation of US$ 3.6 Bn in 2021. The growing use of UV coatings in the wood and furniture industry to provide a glossy finish and protect print marketing items from scratches is expected to boost sales at a 5.2% CAGR, with the market valuation reaching US$ 6 Bn in 2031.

“Surging demand for low VOC UV coatings in the automotive sector and the expansion of the pulp & paper industry are expected to drive sales in the market over the forecast period,” says a FMI analyst.

Green coatings are the latest trend in the UV coatings market. These coatings are environment friendly that help reduce pollution at any stage of the process. They are normally more expensive than other paints and coatings on the market; however, they are more advantageous and have comparable performance characteristics to regular hazardous paints.

Green coatings are becoming more popular in the coating industry as environmental regulations and standards become more stringent, particularly in Europe and North America. As a result, the demand for UV curable coatings is booming.

UV coatings for woods and glass give printed products like printed materials, posters, and banners a glossy surface, an appealing visual aesthetic and a matte texture. Increasing applications of 3D printing in numerous industries and growing demand from the print marketing sector will continue pushing sales in the paper and packaging industries.

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As per FMI’s regional analysis, East Asia and Europe are expected to remain the most lucrative pockets in the market. The presence of leading manufacturers, high consumption of UV coatings by various end-use sectors, and the substantial growth in the automotive and paper & packaging industries will fuel the growth of the market in these regions over the assessment period.

Scope of the Report

Attribute Details
Forecast Period 2021-2031
Historical Data
Available for
2016-2020
Market
Analysis
US$ Billion for Value and KiloTons for Volume
Key Regions
Covered
North America, Latin America, Europe, East Asia, South Asia & Pacific, and Middle East & Africa
Key Countries
Covered
US, Canada, Brazil, Mexico, Germany, U.K., France, Italy, Spain, Russia, BENELUX, China, Japan, South Korea, India, ASEAN, GCC Countries, Turkey, and South Africa
Key Segments
Covered
Composition, Type, End Use and Region
Key Companies
Profiled
• Arkema Group 

• BASF SE

• Akzo Nobel NV

• PPG Industries

• Axalta Coating Systems LLC

• The Valspar Corporation

• The Sherwin Williams Company

• Croda International PLC

• Dymax Corporation

• Allnex Belgium SA/NV Ltd.s

• Watson Coatings Inc.

Report
Coverage
Market Forecast, Brand Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, Strategic Growth Initiatives

Key Takeaways:

  • By composition, the monomer segment accounted for more than 35% of total UV coatings market share in 2021.
  • Sales of water-based UV coatings held about 35.6% of the total market share in 2021.
  • The U.S. is accounted for a dominant share of 89.2% of the North America UV coatings market in 2021.
  • Germany is projected to command 21.7% of the Europe UV coatings market share in 2031.
  • China and Japan accounted for 68.9% and 13.6% of the global UV coatings market share respectively in 2021.

Competitive Landscape

Leading players operating in the global UV coatings market include Arkema Group, BASF SE, Akzo NobelNV, PPG Industries, Axalta Coating Systems LLC, The Valspar Corporation, The Sherwin Williams Company, Croda International PLC, Dymax Corporation, Allnex Belgium SA/NV Ltd., and Watson Coatings Inc. and others.

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Players are investing in strategic business agreements and are focusing on the expansion of their production capacities. Apart from this, they are investing in research and development to develop advanced flexible products and to launch better technologies in the market that can minimize power losses.

UV Coatings Markey by Category

By Composition:

  • Monomer
  • Oligomer
    • Polyester
    • Polyether
    • Polyurethane
    • Epoxy
  • Photo Initiator
  • Additives

By Type:

  • Water-Based
  • Solvent-Based                   

By End Use:

  • Wood & Furniture
  • Electronics
  • Automotive
  • Paper & Packaging
  • Industrial Coatings
  • Building & Construction

By Region:

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

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Taxonomy

2.2. Market Definition

3. Key Market Trends

3.1. Key Trends Impacting the Market

4. Key Success Factors

To be continued…!

About FMI

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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Pharmaceutical Solvents Market anticipated to reach US$ 5.29 Bn by the end of 2030

According to FMI’s analysis, the pharmaceuticals sector has witnessed 150% increase over the last decade. Future Market Insights in its market intelligence report on pharmaceutical solvents opines that the market’s success continues to witness a sharp rise with high expenditure on healthcare, new drug delivery systems and medicines.

Poised to surpass US$ 5.29 Bn by the end of 2030, the pharmaceutical solvents industry is betting on attaining a balance between pharmaceutical purity and the impact of solvent use in drugs on the users and the environment at large.

Attribute Details
Pharmaceutical solvents Market Size Value in 2021 US$ 3.58 Bn
Pharmaceutical solvents Market Size Value in 2030 US$ 5.29 Bn
Pharmaceutical solvents Market Historical CAGR (2015-2021) 4.10%
Pharmaceutical solvents Market CAGR (2022-2030) 4.40%

Key Companies Profiled

  • BASF SE
  • The Dow Chemical Company
  • ExxonMobil Corporation
  • Royal Dutch Shell PLC
  • Yip’s Chemical Holdings Limited
  • Mitsubishi Chemical Corporation
  • Eastman Chemical Company
  • Clariant AG
  • Merck KGaA
  • Procter & Gamble

Efficacious supply chains which include recycling of solvents and remanufacturing will pave way for negligible impact on environment and greater product purity.

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Key Takeaways of Pharmaceutical Solvents Market Study

  • Alcohol solvents will remain sought-after through 2030 with high uptake in the production of sanitizers amidst the COVID-19 crisis
  • The race for new vaccine development is creating prolific opportunities for market players in the near-term
  • Acetone, glycerin and chelating agents will capture one-third market share in 2020 with growth underpinned by high demand for  these in hygiene products and sanitizers
  • The soaring popularity of green solvents is set to improve process yields and lower operational costs of manufacturers in the pharmaceutical solvent landscape

Asia Pacific Continues to Gain Momentum

The biggest pharmaceutical companies such as Merck, Novartis, Roche and Pfizer are heavily dependent on the APIs and solvents from countries such as China and India who have a hegemony on global supply chains. By volume India secures an enviable third position in the manufacture of pharmaceuticals. Cumulatively China and India account for nearly 80% of APIs and solvents that are imported to other regions.

This has huge ramifications amidst the ongoing COVID-19 crisis as the world is looking at these regions for pharmaceuticals if the pandemic is to be contained. India on the back of un-patented generic drugs that are priced low also has a huge network of FDA approved solvent plants that supply nearly 45% of formulations to pharma companies in US.

However with wariness towards China setting in, many are now looking closely at India for API and solvent supply on the back of a desire for cost savings and better compliance with environmental regulations.

With solvents playing a nuanced role in novel drug delivery systems, major manufacturers of pharmaceutical solvents are ardently researching product developments that meet exacting pharmaceutical legislations and regulations. Towards this, deep eutectic solvent (DES) is garnering great interest as a green solvent.

Its superior properties such as non-reactivity to water, high solvency and non-inflammability makes it ideal for a large range of solutes. The raw materials used in these are also less toxic and inexpensive thus making them highly suitable for nanoparticle synthesis, drug delivery and as self-assembled drug carriers.

“High quality, strict compliance to regulatory frameworks, timely insights and reduction in drug development costs by at least 25% with the use of green solvents will bring about market acceleration faster”, says FMI analyst

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Pharmaceutical Solvents Market By Category

Chemical Group:

  • Alcohol
    • Ethanol
    • Isopropanol
    • Propanol
    • Propylene Glycol
  • Amine
    • Aniline
    • Diphenylamine
    • Methylethanolamine
    • Trimethylamine
  • Ester
    • Acetyl Acetate
    • Ethyl Acetate
    • Butyl Acetate
  • Ether
    • Diethyl Ether
    • Anisole
    • Polyethylene Glycol
  • Chlorinated Solvents
    • Carbon Tetrachloride
    • Dichloromethane
  • Others (Chelating Agents, Acetone)

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

4. Key Success Factors

to be continued…!

About FMI

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

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Testosterone Injectable Market Key Opportunities, Trends, Analysis and Forecast 2022-2031

According to Future Market Insights, the Testosterone Injectable Market is expected to grow at a 4.1% CAGR between 2021 and 2031. One of the most important classes of hormone injectable therapy used globally is testosterone injectable therapy.

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Because of increased awareness about the benefits and efficacy of testosterone replacement therapy products, the testosterone injectable market is gaining acceptance among patients and physicians.

Testosterone is the primary male hormone responsible for improving male sexual characteristics, spermatogenesis, and fertility. A lack of testosterone production causes erectile dysfunction, which can be treated with testosterone injections.

What is Driving Demand for Testosterone Injectable Market?

The rise in geriatric population with high risk of testosterone deficiency, growing awareness about testosterone injectable, improved health care infrastructure, policies, and advancement in health care infrastructure are all driving demand for testosterone injectables.

Furthermore, access to various diagnostic and treatment services has improved in recent years, particularly in developed economies, and this is one of the major factors driving demand for testosterone injectables.

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The U.S. Testosterone Injectable Market Outlook

Countries such as the United States dominate the testosterone injectable market. A study published in the European Association of Urology Journal found that testosterone treatment patterns in the United States have increased by 1.8 to 4-fold over the last two decades.

Furthermore, an increasing number of people suffering from hypogonadism, a growing geriatric population, and an increase in the availability of effective and convenient treatment options all contribute to an increase in demand for testosterone injectable in the United States. To meet the demand for testosterone injectables, the United States is making a number of efforts to strengthen its research and development facilities.

Europe Demand Outlook for Testosterone Injectable Market

According to a study published in the National Center for Biotechnology Information (NCBI), hypogonadism affects approximately 30% of men worldwide. Europe is known for its numerous medical centres, robust healthcare infrastructure, and growing government initiative.

Furthermore, rising testosterone deficiency incidence, an increase in the geriatric population at high risk of testosterone deficiency, and increased awareness about testosterone substitute therapy are the key driving factors in Europe’s testosterone injectable market.

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Who are the Key Manufacturers and Suppliers of Testosterone Injectable Market?

The key companies working in testosterone injectable and solutions for testosterone injectable are

  • Clarus Therapeutics
  • Bayer AG
  • Endo Pharmaceuticals Inc.
  • Eli Lilly Company
  • Kyowa Kirin International plc
  • Mylan N.V.
  • Novartis AG
  • and Pfizer Inc.
  • J & K Scientific Ltd.
  • Beijing Coupling Technology Co.Ltd.
  • Longyan Tianhua Biological Technology Co.Ltd

Manufacturers in the market concentrate on strategic activities such as acquisitions and mergers, expansion, product launch, and so on. For example, on May 25, 2020, Partner Perspectives announced the launch of JATENZO®, an oral softgel formulation of testosterone undecanoate (TU) for adult males with conditions associated with a deficiency or absence of endogenous testosterone.

The report is a compilation of first-hand information, qualitative and quantitative analysis by industry analysts, and input from industry experts and value chain participants. The report examines parent market trends, macroeconomic indicators, and governing factors, as well as market attractiveness by segment. The qualitative impact of various market factors on market segments and geographies is also depicted in the report.

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

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Interchangeable Biosimilars Market Insights, Growth Trends, Key Trends, Opportunities and Forecast until 2031

According to Future Market Insights’ most recent research, the Interchangeable Biosimilars Market will grow by 6% between 2021 and 2031. Biosimilars are products that are extremely similar to the reference product. This means that there are no clinical differences in any way between the biosimilar product and the reference product (e.g. efficiency, safety and purity).

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An interchangeable biosimilar is a biosimilar product that has been approved by the FDA and can be administered by pharmacists without a physician’s prescription. The interchangeable biosimilars market is primarily driven by new product launches, increased research and development, and regulatory approvals.

What is the Driving Demand for Interchangeable Biosimilars?

Biosimilars can take the place of reference biologics. This market is expected to grow due to increased research and development, cost-effectiveness, and regulatory approval.

According to the FDA, 31 biosimilars are currently approved and on the market. Biosimilars are typically less expensive than the original product and are thus expected to provide significant savings without compromising the course of treatment.

The low cost of biosimilars is a driving force in the market. There has been an increase in demand for these products because they are less expensive and can be used instead of the reference product. Amgen, for example, increased biosimilar revenue by 56% during the second quarter of 2021. Companies are investing in interchangeable biosimilar research and development, as well as their approval. For example, in July 2021, the FDA approved Semglee, a Biocon-produced interchangeable biosimilar.

Impact of COVID on Interchangeable Biosimilars Market

The COVID-19 has had an impact on the market for interchangeable biosimilars. Because of the pandemic, the majority of research and development was focused on COVID. This shift had an impact on biosimilars research. However, as out-of-pocket spending increased and biosimilars became more affordable, demand for the market increased. As a result, COVID-19 had both positive and negative effects on the market for interchangeable biosimilars.

Regional Demand Outlook for Interchangeable Biosimilars

The North American region dominates the interchangeable biosimilars market. This is due to the market player’s presence and the availability of interchangeable biosimilars. Furthermore, the expiration of leading drug patents is expected to boost market demand. Aside from that, there has been an increase in government initiatives and funding for healthcare infrastructure improvement. The interchangeable biosimilars market is dominated by North America, Europe, and Asia. This is due to the approval of more biosimilars for use in Europe, as well as patient acceptance of biosimilar use.

Who are the Key Manufacturers and Suppliers of Interchangeable Biosimilars?

The manufacturers and suppliers of interchangeable biosimilars are Biocon and Mylan.

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

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Why Future Market Insights?

  • Comprehensive analysis on evolving purchase pattern across different geographies
    • Detailed insights of market segments and sub-segments for historical as well as forecast period
    • A competitive analysis of prominent players and emerging players in the keyword market
    • Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

About Future Market Insights (FMI) 

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

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Global IV Therapy and Vein Access Devices Market is expected to be worth $44.4 billion USD by 2032 | FMI

According to a recently published report by Future Market Insights, the global IV Therapy and Vein Access Devices market is expected to generate US$ 44.4 billion while growing at a 5.6% CAGR during the forecast period. Growing government support is expected to fuel market growth in the coming years. In 2022, the industry is expected to generate $25.8 billion USD.

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Attributes Details
Global IV Therapy and Vein Access Devices Market CAGR (2022-2032) 5.6%
Global IV Therapy and Vein Access Devices Market (2032) US$ 44.4 Billion
Global IV Therapy and Vein Access Devices Market Attraction The rising number of intravenous (IV) drug approvals and increasing technological advancements in intravenous therapy (IV) and vein access are expected to drive the market in the forecast period.

Increased healthcare spending, increased awareness of healthcare procedures, and an increase in the number of specialty clinics and ambulatory centres will all contribute to the future growth of the IV therapy and vein access devices market.

According to the research, the medical administration segment is expected to provide lucrative opportunities for the global IV therapy and vein access devices market. Various developing countries are making significant changes to their budgets, creating lucrative opportunities for market participants.

Key Takeaways from the Market Study

  • Based on type, intravenous catheters are expected to record a 5.5% CAGR by 2032
  • By medical application, the medical administration segment to expand at a 5.6% growth rate during the forecast period
  • The U.S market to garner US$ 15.9 Billion and record a 5.4% CAGR from 2022-2032
  • Market in China to procure US$ 3.2Billion, expanding at a 4.9% growth rate during the assessment period.

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Competitive Landscape

Eminent players of the global IV Therapy and Vein Access Devices Market include Becton, Dickinson and Company, B. Braun Holding Gmbh & Co. Kg, Terumo Medical Corporation, Teleflex Medical Inc., and Medtronic Inc. among others.  Recent key developments among players include:

  • In February 2022, BD (Becton, Dickinson and Company) announced the acquisition of Cytognos, a privately held company based in Salamanca, Spain that specialises in flow cytometry solutions for blood cancer diagnosis, minimal residual disease (MRD) detection, and immune monitoring research for blood diseases.
  • Teleflex will release the Arrow® ErgoPack® Complete Multi-LumenAccessCatheter (MAC) System and the Arrow® ErgoPack® Complete Percutaneous Sheath Introducer (PSI) System in January 2021. High-flow Arrow® MAC Catheters are designed to meet the needs of a wide range of patients, from trauma to cardiac, and provide broad-spectrum antimicrobial protection against gram-positive and gram-negative bacteria and fungi, which are the primary infectious pathogens responsible for CLABSI.

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

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Novel Drug Delivery Systems in the Cancer Therapy Market: Size, Analysis, Shares, Segment & Forecast up to 2032

The market for Novel Drug Delivery Systems In Cancer Therapy is expected to reach $88.5 billion in 2032, up from $14.8 billion in 2022, at a CAGR of 19.6% during the forecast period (2022-2032).

Attributes Details
Novel Drug Delivery Systems in Cancer Therapy Market CAGR (2022-2032) 19.6%
Novel Drug Delivery Systems in Cancer Therapy Market Size (2022) US$ 14.8 billion
Novel Drug Delivery Systems in Cancer Therapy Market Size (2032) US$ 88.5 billion

Rising cancer awareness and prevalence around the world, as well as increased adoption of novel drug delivery systems in cancer therapy with fewer side effects, are driving demand for novel drug delivery systems in cancer therapy.

The high cost of therapy may stifle the growth of novel drug delivery systems in the cancer therapy market over the forecast period. The rise of novel drug delivery systems in cancer therapy market statistics is expected to be hampered by a lack of awareness about alternative medications and a lack of funds for their development.

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COVID-19 has a negative impact on the global market for novel drug delivery systems in cancer therapy. Furthermore, consumer demand has decreased as people are now more focused on removing non-essential expenses from their budgets, as the outbreak has negatively impacted the general economic situation of most people.

Improved therapy through increased medication efficacy and duration of action, as well as improved patient compliance through dose frequency reduction, are just a few of the factors driving demand for novel drug delivery systems in cancer therapy. It enables correct administration routes and greater targeting for a specific site by predicting unwanted reactions.

Due to increased healthcare awareness, North America is likely to be a dominating region in the novel drug delivery systems in the cancer therapy market.

Key Takeaways:

  • The market for novel drug delivery systems in cancer therapy is expected to grow at a CAGR of 19.6%, with a market share of US$ 88.5 billion by 2032.
  • In the United States, the market for novel drug delivery systems in cancer therapy is expected to grow at a CAGR of 19% through 2032, with a market share of US$ 30.6 billion.
  • The novel drug delivery systems market in China is expected to grow at an astounding 18.7% CAGR through 2032, with a market share of US$ 5.9 billion.
  • The novel drug delivery systems market in Japan is expected to grow at an 18.9% CAGR through 2032, with a market share of US$ 5.1 billion.
  • The novel drug delivery systems market in the UK for cancer therapy is expected to grow at an 18.2% CAGR through 2032, with a market share of US$ 3.7 billion.
  • The South Korean cancer therapy market for novel drug delivery systems is expected to grow at a CAGR of 17.6% through 2032, with a market share of 3.3 billion.
  • The nanoparticles segment of the novel drug delivery systems market in cancer therapy is expected to grow at a 19.2% annual rate through 2032.

Competitive Landscape:

Teva Pharmaceutical Industries Ltd, Johnson & Johnson Services, Inc., Galen Limited, Merrimack Pharmaceuticals, Inc., and Samyang Biopharmaceuticals Corp., Inc. are a few key players in the cancer therapy market for novel drug delivery systems.

Some of the primary strategies used by players to increase their novel drug delivery systems market share in cancer therapy include frequent product launches, geographic expansions, and distribution agreements to expand their consumer base.

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Recent Trend:

Celgene Corporation’s R & D spending increased from USD 3,697.3 million in 2015 to USD 4,470.1 million in 2016. R&D spending was increased to improve the product pipeline and gain regulatory approval for new products.

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

Contact:

Future Market Insights, Inc.
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