Market Research Blog – Page 9883 – New Product Development

PUR container packaging market is expected to be driven by increase in demand for the temperature sensitive drugs

Polyurethane (PUR) containers are rough and light weight shipment containers which provide outstanding thermal conductivity. It is an ideal choice for protecting temperature sensitive products from surrounding environment. These containers are manufactured by laminating polyurethane insulation to inner and outer walls of the rigged cardboard making it hard, one piece and three layered.

As the global trend of increasing the shelf life of the product by providing it a suitable packaging continues to grow, the market of cold chain packaging will rapidly increase in the pharmaceutical sector. For the logistics of temperature sensitive drugs, the pharmaceutical companies have shifted their focus to PUR shipping containers. These containers are also used in the fishing industry and food processing industry.

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PUR containers packaging market: dynamics

The global packaging industry has undergone significant transformation by providing better storage of products for a longer period of time without any damage. Conventionally, these insulated containers are used in the fishing industry to store chilled and frozen fish for longer duration of time. These containers are also used in the industries that require temperature control such as pharmaceutical industry.

The PUR container packaging market is expected to be driven by increase in demand for the temperature sensitive drugs to reach their destination without causing any damage. The containers having low heat conductivity protects the contents in ambient temperatures i.e. 48 to 72 hours for refrigerated products and 48 to 96 hours for frozen samples. Cold chain packaging using custom molded polyurethane foam cushions protects the shipment of dairy and frozen desserts which shows the growth of cold chain packaging in the food industry. Unlike other containers such as VIP (vacuum insulated panel), PUR containers do not require dry ice to be stored inside reducing the risks of handling PUR containers.

The containers are tough and easy for employee use. Despite the positive outlook, there are certain factors that might hamper the growth of PUR containers packaging market. The layer of polyurethane inside the container produces odor and fumes. This polyurethane foam material if burnt, produces harmful fumes causing pollution in the environment. Competition from EPS, VIP, fabricated EPS and molded EPS might hamper the growth of the PUR container packaging market.

PUR containers packaging market: Geographical outlook

The global PUR containers packaging market is divided in seven regions:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan (APEJ)
Middle East & Africa (MEA)
Japan

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North America and Europe are the leading regions in the PUR container packaging industry. The factors affecting the tremendous growth in usage of PUR containers in these regions are the growing food & beverage and Pharmaceutical industry. In the developing countries such as China and India, the expanding middle class is forcing the industry to meet the demands for better, fresher food and pharmaceutical storage solutions.

Therefore, the outlook for the growth of the PUR containers packaging market in Asia pacific is expected to be largely positive during the forecast period. According to Global Cold Chain Alliance, temperature-controlled logistics industry in China has witnessed a growth of over 41% in their refrigerated warehouse capacity and in India the cold chain packaging industry is expected to grow over the next five years with a CAGR of around 13-15%.

PUR containers packaging market Key players are as follows

Sonoco Thermosafe
Cyropak Industries Inc.
PUR-Systems GmbH & Co. KG
Saeplast hf.
DGP Intelsius LLC
Topa thermal
Sealed Air corporation

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

Regional analysis includes

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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

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PUR containers packaging market: Segmentation

The PUR containers are segmented as:

The PUR containers packaging market is segmented on the basis of end uses

Food and Beverages
Pharmaceutical
Chemical and Fertilizers
Electrical and Electronics
Others

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Recovered Paper Market – Global Revenue Growth Expectations in the Near Future

Paper has established itself as one of the indispensable materials in the packaging industry. The global push for sustainable packaging has led to a rise in demand for packaging products made of recycled paper. Used paper collected for recycling is termed ‘recovered paper’.

The same is used to manufacture products such as containerboard, corrugated boxes, cartons and others. Recovered paper is expected to witness a considerable rise in demand during the next ten years, due to increased adoption and demand for recycled packaging products in the last decade.

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Global recovered paper market: Dynamics

There is a change in buying pattern of consumers as they now prefer online shopping, over brick and mortar stores. Thus, there is increasing demand for packaging products. As corrugated containers and boxes are widely used as packaging products for transportation and shipping products, there is high demand for recovered paper derived from old corrugated containers that can be recycled and reused for the packaging purpose. Rising demand for corrugated containers for packaging is driving the growth of the recovered paper market.

Recovery rate of paper is very high in North America and Europe. However, in developing regions, such as the Asia Pacific and the Middle East & Africa, there is high import of recovered paper region from developed regions. There is high scope of opportunity for paper manufacturers to set up recovered paper plants in these regions.

Global recovered paper market: Key players

Some of the key players of global recovered paper market are Smurfit Kappa Group plc. International Paper, American Eagle Paper Mills, Stora Enso, Mondi Group Plc. and others

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Global recovered paper market: Regional Overview

The recovered paper market is segmented into seven key regions –

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan
Japan
Middle East & Africa (MEA)

In Asia Pacific region, China is the leading consumer of recovered paper. The demand for recovered paper is profoundly affected due to the new norms imposed by the Government of China. According to the new policies forced in the year 2017, the country can import two million tonnes of the recovered paper that is about 7%, of the whole recovered paper from the last few years. This law has brought a drastic change in the market. In China, the recovered paper is majorly imported from Japan, Europe, and the United States. Therefore the current scenario is that Europe has about eight million tons of excess recovered paper that need to be consumed. The industry is facing issues in absorbing this large amount of recovered paper. Thus, this high supply rate of recovered paper leads to fall in the price of the recovered paper.

Manufacturers of recovered paper in the European region are majorly affected by this law, some of the production sites were closed, and incineration plants produced recovered paper are facing disposing of issues. High quality recovered paper is still exported, but it is at the level of saturation.

Regional analysis includes

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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Global recovered paper market: Segmentation

The global recovered paper market is segmented into product type, paper type and by end use.

On the basis of product type, recovered paper market is segmented into:

Printing paper
Corrugated container
Cartons
Boxes

On the basis of paper grade, recovered paper market is segmented into:

Low grade paper
High grade paper
White paper
Brown paper

On the basis of end use, recovered paper market is segmented into:

Food & beverage industry
Electrical and electronics industry
Automobile industry
Pharmaceuticals industry
Others

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Shaped corrugated packaging market Current Trends, Challenges, Sales Demand by 2028

The shaped corrugated packaging is an evitable part of global packaging industry which rely on corrugated boxes for finished goods transportation and handling. Shaped corrugated boxes are made from micro-flute corrugated cardboard, are extremely strong and offer improved protective qualities.

Shaped corrugated packaging material is extremely light weight, cost effective and above all it is 100% recyclable. Shaped corrugated packaging is also suitable for food contact and can be used for transportation of wide variety of products. Shaped corrugated packaging is high in demand as it meets the exact size and shape requirements which makes the product consumer friendly.

These shaped corrugated boxes are available in many shapes in the market such as rectangular sheets, cardboard roll, partition corrugated boxes, curved, printed, duplex corrugated boxes, flat boxes, multi depth boxes and die cut corrugated boxes. The logistics cost is also reduced because of the light weight of the shaped corrugated packaging. Shaped corrugated packaging has a market in sectors such as food industry, bakery and confectionary industry, chemical, seafood, electronics, hardware packaging and others.

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Shaped corrugated packaging market: Dynamics

Shaped corrugated packaging consists a curved shaped corrugated packaging. This unique shapes reduces the weight of the container by 30% without jeopardizing product protection. In addition to this shaped corrugated packaging market is driven by the fact that it is eye catching and attracts consumer attention in the retail environment.

Flat panels offer good presence on billboard shelf, seamless continuation of graphics around the curve and cube efficiency for shipping and storage. Shaped corrugated packaging is recommended during shipment as they are pressure resistant and stronger than other shipping boxes. Shaped packaging market ensures damage free transit of consumer goods.

The robust growth in “delivery on demand” services and online shopping has paved a path for the growth of shaped corrugated packaging market. Despite the positive outlook of the shaped corrugated packaging, there are some restraints that might hamper the shaped corrugated packaging market such as poor barrier property of material, reduction in strength and firmness of the corrugated boxes because of the humid and moist weather. Further, liquid products are not preferred due to the poor barrier property of the shaped corrugated packaging.

Shaped corrugated packaging market: The Geographical outlook of vaccine carriers market in the following regions

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan (APEJ)
Middle East & Africa (MEA)
Japan

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The growth of shaped corrugated packaging market is influenced by the growing trend of online shopping, rapid growth in electronic sector and growing demand for product safety. North America is the leading revenue generator to the shaped corrugated market followed by Europe. Asia-Pacific ha emerged as the fastest growing region in the shaped corrugated market. The global corrugated packaging market is expected to grow at a CAGR of over 4% during the forecast period. The demand for sustainable packaging will boost the requirement of shaped corrugated boxes which are recyclable.

Growth of shaped corrugated market in the developing countries such as India and China is expected to be because of the industries such as beauty and health-care, homecare, and retail. Shaped corrugated packaging being sustainable and ecofriendly in nature will contribute to the growth of shaped corrugated packaging market with many countries pushing for sustainable packaging over plastic.

Shaped corrugated packaging market: Key Players

Smurfit Kappa
Kapstone
Packaging Corporation of America
Mondi Group
Westrock
Lee & Man Paper Manufacturing Ltd
Georgia-Pacific Equity Holding LLC
Rock-Tenn Company
International Paper Company
Nine Dragons Paper (Holdings) Limited.
Orora Packaging Australia
Archis Packaging Pvt. Ltd
Nefab Group

The report covers exhaust analysis on

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

Regional analysis includes

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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Shaped corrugated packaging market: Segmentation

Shaped corrugated packaging market is segmented by types

Rectangular sheets
Cardboard rolls
Partition corrugated boxes
Curved corrugated boxes
Printed corrugated boxes
Duplex corrugated boxes
Flat boxes
Multi depth boxes
Die cut corrugated boxes.

Shaped corrugated packaging market is segmented by flute profile:

A-Flute
B-Flute
C-Flute
E-Flute
F-Flute

Shaped corrugated packaging market is segmented by combined board analysis:

Single Face
Single wall
Double wall
Triple wall

Shaped corrugated packaging market is segmented by end use:

Food
Chemical
Electronics
Hardware
Health and beauty
Automotive
Others

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Silicon Germanium Material Market Worth US$ 10 Billion by 2032 – Exclusive Report by FMI

The global silicon germanium material market is estimated to provide an incremental potential of more than US$ 4.5 billion by 2022, rising at a phenomenal CAGR of roughly 12% to 13% between 2022 and 2032. Sales of silicon germanium material are expected to hit US$ 10 billion by the end of 2032, up from US$ 4 billion in 2021.

Silicon germanium material is an alloy with a particular molecular ratio of silicon and germanium. Silicon germanium material is majorly used as a semiconductor material in various applications. It is also used for the manufacturing of silicon germanium bipolar transistors. Silicon germanium material has good optical properties, because of which, it can be used to manufacture photonic devices. Silicon germanium material is favored in the manufacturing of complementary metal oxide semiconductors (CMOS).Developments in the semiconductor industry are allowing the exploration of new applications of silicon germanium material in the industrial and consumer electronics industry.

Manufacturers of silicon germanium material have shown high growth in their sales of silicon germanium material and devices. The wide range of applications of silicon germanium material includes electronic devices, heat to power transmission devices, wireless devices, radio and GPS devices, and fiber optic devices. The thermoelectric properties of silicon germanium material makes it useful in space applications.

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Market Dynamics of the Silicon Germanium Material Market

Semiconductor devices have seen an upsurge in demand in recent years. The increasing demand for semiconductor materials from various electronic applications has pushed the growth of the semiconductor materials market. New developments, as a result of continuous research in the field of material science, are accelerating the growth of the silicon germanium material market. Increasing end-use industries such as automotive, aerospace, defense, consumer electronics, and other industries are pushing the demand for silicon germanium material. High growth in the end-use industries in emerging economies such as India and China is also boosting the demand for silicon germanium material.Alternatives Products May Restrain the Potential Growth of the Silicon Germanium Material Market

New inventions that are exploring the combination of other elements, including carbon, tin, lead, silicon, and others semiconductor material, may hinder the potential growth of the silicon germanium material market. Moreover, increasing competition from Asian players is impacting the prices of the devices related to silicon germanium material.

Silicon Germanium Material Market Trends: Innovation and New Product Development

Market players are investing in R&D to develop better combinations of silicon germanium materials. The market has witnessed developments in silicon germanium material for improving the performance of the devices in which these materials find application.

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Silicon Germanium Material Market: Regional Outlook

Korea, Taiwan, and Japan are the leading countries in the silicon germanium material market. The large contribution of these countries in the global silicon germanium material market has made Asia Pacific a leading region. High growth is expected in the region during the forecast period. Increasing population and rising disposable income of the populations in China, India, and other emerging Asia Pacific countries are expected to boost the demand for consumer electronics and other products where silicon germanium material is used. North America is followed Asia Pacific, in terms of the demand for silicon germanium material, in terms of both, value and volume.

The total demand in Europe for silicon germanium material is less than that of North America. Moreover, lower growth is projected in the European region as compared to Asia Pacific. Latin America and the Middle East & Africa contribute a small share in the global silicon germanium material market. However, high growth in the demand for silicon germanium material is expected from the Middle East &Africa region. Emerging economies and ample growth opportunities are attributed for the growth of the market in this region.

Global Silicon Germanium Material Market: Market Participants

Some of the market participants identified across the value chain of the global silicon germanium material market are:

IBM Corporation
AIXTRON
Applied Materials
Atmel Corporation
Analog Devices
Hitachi Ltd.
IHP Microelectronics GmbH
GLOBALFOUNDRIES
Infineon Technologies
IQE PLC
MACOM
Tower Semiconductor Ltd
Riber
STMicroelectronics N.V
NXP Semiconductors NV
Skyworks Solutions, Inc.
Texas Instruments Inc.
Toshiba Corporation
Taiwan Semiconductor Manufacturing Company, Ltd.

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Global Silicon Germanium Material Market Segmentation
On the basis of application, the global silicon germanium material market can be segmented as:

Mobile Phones
Laptops
CATVs
Network Devices
Sensor Devices
Medical Instruments
Other Devices (Laser Devices, Lighting Devices)

On the basis of end-use industry, the global silicon germanium material market can be segmented as:

Consumer Electronics
Aerospace & Defense
Automotive Industry
Communication Industry
Medical & Healthcare
Others (Instrumentation Industry)

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Cetyl Trimethyl Ammonium Chloride Market– Global Industry Analysis and Deeper Insights | FMI

The global cetyl trimethyl ammonium chloride market is expected to develop at a CAGR of about 4% to 5% between 2022 and 2032. Growing emphasis on research & development operations for generating multiple beneficial goods employing antiseptic chemicals such as cetyl trimethyl ammonium chloride is expected to aid global market expansion in the approaching years.

Cetyl trimethyl ammonium chloride is a colorless to yellowish liquid, which is having rubbing alcoholic odor. It is also commonly known as cetrimonium chloride. Cetyl trimethyl ammonium chloride is widely used as surfactant or as an antiseptic. Cetyl trimethyl ammonium chloride has a high demand from hair care products manufacturing including shampoos and conditioners. It is also sold in the powder form at a concentration up to the range of 50% by weight.

Because of its good surface properties cetyl trimethyl ammonium chloride is favored in the industrial cleaning applications. Cetyl trimethyl ammonium chloride also shows emulsification properties because of which it is also used in various products as an emulsifier. Cetyl trimethyl ammonium chloride is sold in wide range of concentrations by various manufacturers, which may change as per the customers demand. New developments in the field of laboratory chemicals also increasing the demand for cetyl trimethyl ammonium chloride, globally.

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Market Dynamics of Cetyl Trimethyl Ammonium Chloride MarketGrowing surfactants industry globally and increasing cetyl trimethyl ammonium chloride use as a surfactant

High growth has been observed in the surfactants market, due to various developments in the surface chemistry. Due to its physical and chemical properties which suits for its use in hair conditioners and other cosmetic ingredients, cetyl trimethyl ammonium chloride are being favored in these applications. Growing cosmetics industry globally is pushing the demand for cetyl trimethyl ammonium chloride from this industry globally. Global industrial development is also at a peak now a days. Increasing demand for industrial cleaning chemicals is also driving the market for cetyl trimethyl ammonium chloride.Increasing regulations and rising compliances for chemical manufacturing is expected to be a challenging factor for cetyl trimethyl ammonium chloride market

Continuous impose of regulations by various environment protection organizations is expected to be the major challenge for the growth of trimethyl ammonium chloride market. Also increasing standard in developed and developing countries for the manufacturing of hazardous chemicals is increasing maintenance cost along with the production cost. This will in turn expected to effect the potential growth of the cetyl trimethyl ammonium chloride market during the forecast period.

Cetyl trimethyl ammonium chloride market trends: New developments in the field of surfactants and emulsifiers are expected to create new opportunities for cetyl trimethyl ammonium chloride demand

Increasing investments in the research and development for developing various useful products using cetyl trimethyl ammonium chloride, is the major differentiated strategy followed by the market players. Exploring the new applications of cetyl trimethyl ammonium chloride through innovation and development is another major trend in the cetyl trimethyl ammonium chloride market. Supply contracts with the large customers for the long term supply of cetyl trimethyl ammonium chloride is also being adapted strategy for the growth in the cetyl trimethyl ammonium chloride market.

Cetyl Trimethyl Ammonium Chloride Market: Regional Outlook

Asia Pacific led the global cetyl trimethyl ammonium chloride market, due to increasing demand from growing cosmetics and personal care industry in the region. Moreover, increasing middle class population in the emerging economies in Asia Pacific are supporting the industry in the region. High GDP growth in the region is also bolstering the industrial production and packaging industry which is expected to push the industrial cleaning chemicals demand growth reflected into growth in demand for cetyl trimethyl ammonium chloride. Europe followed Asia Pacific in terms of demand for cetyl trimethyl ammonium chloride, however the stringent regulations in Europe is affecting the potential growth of the cetyl trimethyl ammonium chloride market in this region.

North America followed Europe cetyl trimethyl ammonium chloride market, expecting the significant growth over the forecast period. Increasing prices of raw materials in North America is supporting the growth in the profits through low cost manufacturing of cetyl trimethyl ammonium chloride. This is pushing the cetyl trimethyl ammonium chloride business in North America driving the global demand for cetyl trimethyl ammonium chloride.

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Global Cetyl Trimethyl Ammonium Chloride Market Participants

Some of the market participants identified across the value chain of global Cetyl trimethyl ammonium chloride market are:

Clariant
As a Corporation
SRL
Parchem fine & specialty chemicals
Dishman Group
Hefei TNJ Chemical Industry Co.,Ltd
ZaozhuangKerui Chemicals Co.,Ltd.
Kohinoor Group of Industries
Stepan Company
Tatva Chintan Pharma Chem Pvt. Ltd.
ANJANEE CHEMICAL INDUSTRIES
Agri Jones
Kenoor Organics Pvt Ltd
SHIV SHAKTI GROUP

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

The Global Cetyl trimethyl ammonium chloride Market: Regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico, Brazil, Argentina, Chile, Peru)
Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordics)
Eastern Europe (Russia, Poland, CIS)
Asia-Pacific (China, India, ASEAN, South Korea)
Japan
Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

The global market 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 global market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The global market report also maps the qualitative impact of various market factors on market segments and geographies.

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Global Cetyl Trimethyl Ammonium Chloride Market Segmentation
On the basis of function, the global cetyl trimethyl ammonium chloride market can be segmented as:

Antiseptic
Surfactant
Emulsifier

On the basis of form, the global cetyl trimethyl ammonium chloride market can be segmented as:

Powder
Liquid

On the basis of applications, the global cetyl trimethyl ammonium chloride market can be segmented as:

Shampoo & Conditioners
Cleaning Chemicals
Textile Antistatic Agents and others

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Scouring Agent Market to cross US$ 8.4 Billion by 2032, Says Future Market Insights

The global scouring agent market is anticipated to be worth $4.7 billion in 2022 and $8.4 billion in 2032. It is expected to expand at an amazing CAGR of 5.3% between 2022 and 2032. The continued advancement in the field of material science, as well as the increased spending by various organizations on R&D operations, are expected to boost demand for scouring agents in the coming years.

Textile industry is growing at a significant rate all over the globe. Textile chemicals are important part of textile manufacturing. Various chemical agent are used in textile manufacturing and processing. Scouring agent are used in scouring process, which comes before dyeing and printing process, in the textile processing industry. Scouring agent can be of various kinds including sizing agent, stains agent, lubricating agent, alkali-resistant agent, mercerizing agent, penetrating agent and wax removing Agent. Selection of scouring agent is done by considering the type of fabrics, and other factors such as, stains in the fabrics, and the application of the fabric. Scouring agent are water soluble powders which are generally alkaline in nature.

Scouring agent are used for various purposes such as pH buffering, emulsification, dispersion, cleaning, penetration, and wetting. Sourcing agent can be different as the operating conditions changes. Effective and efficient scouring agent are being demanded by textile dyeing and printing industry, during the last decade. Innovations and development in the field of material science is pushing new product developments in the scouring agent market. This is expected to drive the demand for scouring Agent during the forecast period.

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Market Dynamics of Scouring Agent Market

Strong growth of textile industry, in emerging countries, is expected to drive the global scouring agent market

Emerging economies such as India and china are creating ample of opportunities for growth of textile industry. Increasing per capita income in these emerging economies along with rising population is creating high demand for textiles. Textile industry growth is reflecting in the demand for textile chemicals and scouring agent. Moreover, increasing focus on quality improvement from manufactures and textile processers is also bolstering the demand for scouring agent. Growing global population with increasing per capita spending is accelerating the demand for apparels as well as industrial textiles, which is expected to push the growth of scouring agent at a high growth rate, during the forecast period

Environmental regulations and waste disposal issues are posing various challenges for manufacturers

Scouring agent are the different types of chemicals used in the textile processing. After use, these chemicals are needed to be disposed safely in to the environment. Therefore, increasing rules and regulations on the waste disposal and chemicals used in the textile industry, can impact on the potential demand for the scouring agent from the textile industry. However, new developments in the scouring agent market are focusing on the manufacturing of ecofriendly and less harmful scouring agent, which is expected to support the growth of the market during the forecast period

Scouring Agent Market Trends: Innovation and new product developments

Manufacturers of scouring agent are adapting to the changing requirement of the textile industry. Developments in material science and increasing spending in the research and development is expected to push the innovation and new product development during the forecast period. Manufacturers are channelizing their efforts towards the development of sustainable practices as the environmental laws are getting stringent day by day.

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Scouring Agent Market: Regional Outlook

China and India are the leading textile exporting countries in the world. Increasing demand from developing and emerging textile markets is boosting the demand for scouring agent. Growing population and increasing demand for textiles all over the world is putting pressure on the manufacturers to meet the growing demand, which is pushing new developments in the scouring agent market. Asia Pacific led the scouring agent market, both in terms of consumption and value. Asia Pacific witnessed high growth in last few years. North America and Europe followed Asia Pacific in terms of volume and value share, however scouring agent market in Europe and North America is expected to grow at a slower growth compared to Asia pacific. Latin America also contributed a significant share in the global scouring agent market. Middle East and Africa is also creating lots of opportunities for scouring agent market players as the textile processing market is growing at a good growth rate in the region.

Global Scouring Agent Market Participants

Some of the market participants identified across the value chain of global scouring agent market are:

Huntsman Corporation

HT Fine Chemical Co., Ltd.
The Dow Chemical Company
Tata Chemicals
Fineotex Chemical Ltd.
DyStar Singapore Pte Ltd

Rung International
Archroma Limited
N. Chemical Industries
Evonik Industries AG
Organic Dyes and Pigments

Sarex
Indokemika Jayatama
Viswaat Chemicals Limited

The global scouring agent market report covers exhaustive analysis on:

Scouring Agent Market Segments
Scouring Agent Market Dynamics
Scouring Agent Market Size
Scouring Agent Supply & Demand
Scouring Agent Current Trends/Issues/Challenges

Scouring Agent Competition & Companies Involved
Scouring Agent Technology
Scouring Agent Value Chain

The Global Scouring Agent Market: Regional analysis includes:

North America (U.S., Canada)

Latin America (Mexico, Brazil, Argentina, Chile, Peru)
Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordics)
Eastern Europe (Russia, Poland, CIS)
Asia-Pacific (China, India, ASEAN, South Korea)
Japan
Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

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Global Scouring Agent Market Segmentation

On the basis of type, the global scouring agent market can be segmented as:

Anionic

Cationic
Nonionic

On the basis of function, the global scouring agent market can be segmented as:

Sizing Agent
Stains Agent

Lubricating Agent
Alkali-resistant agent
Mercerizing Agent
Penetrating Agent
Wax Removing Agent

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Foundry Additives Market to be worth US$ 3 Billion by 2032, Get Insights FMI

The global foundry additives market is estimated to exceed $2 billion by 2022. Overall sales of foundry additives are predicted to more than double, surpassing US$ 3 billion by the end of 2032.

According to the analysis, the foundry additives market is expected to develop at a CAGR of 4%-5% between 2022 and 2032. Rising demand for additives to reduce casting defects in the automotive, construction, railway, and other industries is driving growth.

A foundry is a factory that is engaged in the manufacturing of metal cast components for various industries such as automotive, steel, railway, construction, heavy machinery among others. Therefore, the growth and development of foundry industry is completely dependent on the demand for metal cast components from the various end use industries. Moreover, in order to cater the continuous escalating demand of growing populations across the globe, the future outlook of foundry industries is positive. Moreover, in order to get finished products with enhanced quality, some additives are added during the casting process and are known by foundry additives. Hence, with the increasing demand for finished and high quality products in the market, the demand for foundry additives is expected to increase over the forecast period.

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Global Foundry Additives Market: Dynamics

The foundry additives market is mainly driven by its own advantages offered to the manufacturers operating in the foundry industry. As with introduction of additives the casting defects gets eliminated or reduced. Hence, the overall casting quality get enhanced by the introduction of foundry additives. Additionally, the need for expensive specialty sands also gets eliminated and the overall cost efficiency of the plant get upgraded. Therefore, the foundry additives have become necessary elements of many foundry industries and its demand is projected to increase with the positive outlook of the end use industries. Furthermore, rising demand for metal products with the growing population across the globe is anticipated to force the manufacturers of various foundries expand their production in order to cater the increasing demand. Hence, the demand for foundry additives are also going to increase with healthy growth rate during the forecast period.

Global Foundry Additives Market: Regional Outlook

The global market of foundry additives is mainly dominated by Asia Pacific region. This can be attributed to the presence of most prominent foundries across the globe. China and India are the two major consumers of foundry additives in the region. As China is one of the leading iron and steel manufacturers across the globe is projected to maintain its dominance throughout the forecast period and also anticipated to create healthy demand for foundry additives during the projected period of time. Moreover, Europe is also expected to create healthy demand for foundry additives in the coming years. The demand of foundry additives in European market is mainly dominated by the Western Europe. Germany, France and Italy are the major consumers of foundry additives in the Western Europe market. Additionally, the growing demand in North American market for foundry additives is mainly dominated by U.S. Growing metal manufacturing and casting activities in the U.S. is the key reason behind growing demand from North American market.

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Global Foundry Additives Market: Market Participants

In the global market of foundry additives, huge rage of foundry additives are available in the market. Their use and consumption pattern is totally dependent of the application they are supposed to be used. Additionally, the market for foundry additives is highly fragmented and wide number of players are operating in the foundry additives market. Moreover, names of some of the manufacturers operating in the global market of foundry additives are:

Clariant
Chesapeake Specialty Products, Inc.
Imerys Group
REFCOTEC
ASK Chemicals
The HILL and GRIFFITH Company
Laviosa Chimica Mineraria SpA

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

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Global Foundry Additives Market: Segmentation

The global market for foundry additives can be segmented on the basis of type, composition, end use and region.

On the basis of type, the global foundry additives market is segmented as:

Iron oxides
Burn-out Additives
Engineered Additives

On the basis of composition, the global foundry additives market is segmented as:

Organic Additives
Inorganic Additives
Hybrid Additives

On the basis of end use, the global foundry additives market is segmented as:

Automotive Industry
Steel Industry
Construction Industry
Heavy Machinery
Electrical Industry
Railways
Mining

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Phosphotungstic Acid Market to grow at a rate of 5.4% by 2032 | Get Customized Reports

The global phosphotungstic acid market is expected to exhibit positive growth during the forecast period, with a CAGR of roughly 5.4%. The increased use of phosphotungstic acid in a variety of applications such as protein precipitation, proton donors, dyes and pigments, and biology and life sciences is driving market growth.

Phosphotungstic acid is chemical reagent primarily in the hydrate form. Phosphotungstic acid is abbreviated as (PTA) and is known by alternative name – tungstophosphoric acid (TPA). Over years, phosphotungstic acid is being used for staining of cell specimens in biology along with some other chemical compounds. Phosphotungstic acid helps in decoloring of tissues. Apart from histology, phosphotungstic acid is used for a wide array of applications such as catalyst, dyeing, precipitation of proteins, medicinal applications amongst others.

The market for phosphotungstic acid is currently in the initial stages and is more in the development phase. The growing investments in the biotechnology and histology and life sciences is anticipated to create noteworthy demand over the forecast period. Significant focus is being laid on the use of phosphotungstic acid for composite proton exchange membranes used in the manufacture of fuel cells

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Global Phosphotungstic acid Market Dynamics

Global Phosphotungstic acid Market Drivers

Amongst various factors, prominent factor impeding the demand of global phosphotungstic acid market is the increasing use of phosphotungstic acid hydrate as a staining agent for transmission electron microscope imaging applications. It is used with hematoxylin commonly known as PTAH.

There has been rise in demand for phosphotungstic acid which serves as a cost efficient and recyclable catalyst for the manufacture of polysubsituted quinolones. Quinolones are important compounds to be used in the pharmaceutical industry. Owing to the recyclable nature, phosphotungstic acid is widely being preferred. Opportunities from end uses such as pigments and dyes synthesis is also anticipated to augment the growth of global phototungistic acid market.

Global Phosphotungstic acid Market Restraints

The use of alternative material such as phosphomolybdic acid for staining application in histology is expected to restrain the growth of phosphotungstic acid to a marginal extent over the outlook period.

Global Phosphotungstic acid Market Trends

Recent trend witnessed across the global phosphotungstic acid market is increasing research and development of phosphotungstic acid for relatively niche applications including pharmaceutical industry. A number of companies are actively participating in exploring the diversified range of applications of phosphotungstic acid.

Global Phosphotungstic acid Market: Regional Outlook

In terms of regional perspective, the global phosphotungstic acid market is anticipated to be led by North America and Western Europe region. This is because to the growing research and development both in the microbiology and pharmaceutical industry for the development of advanced specialized drugs. Asia Pacific is anticipated to witness relatively higher growth rate in the second half of the forecast period. China is anticipated to hold dominant share in the Asia Pacific phosphotungstic acid market. Other regions such as Middle East and Africa are Latin America are anticipated to remain low volume and high growth regions over the forecast period. Japan is projected to witness moderate rise in demand for phosphotungstic acid in the coming years.

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Global Phosphotungstic acid Market Participants

Some of the market participants identified across the value chain of global Phosphotungstic acid market are:

TCS Biosciences Ltd.
MilliporeSigma
Alfa Aesar
MP Biomedicals
Bean Town Chemicals
VWR Life sciences
Sigma Aldrich
Fisher Scientific
Toronto Research Chemicals

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

Global Phosphotungstic acid Market Segments

The global Phosphotungstic acid market is categorized based on purity, end-use industry, application, type, grade and region. In the current scenario, histology (biotech and life science application is anticipated to be a major end use for phosphotungstic acid. However, other applications predominantly pharmaceutical is anticipated to witness robust growth over the forecast period.

Based on grade, the global phosphotungstic acid market is categorized as follows:

Research grade
Regular grade

Based on end-use industry, the phosphotungstic acid market is categorized as follows:

Pharmaceutical
Biotech and microbiology

Based on purity, the global phosphotungstic acid market is categorized as follows:

99%
>99% (ultra-pure)

Based on application, the global phosphotungstic acid market is categorized as follows:

Catalyst
Dyes and pigments
Biology and life sciences
Proton donors
Precipitation of proteins
Others

Based on type, the global phosphotungstic acid market is categorized as follows:

Anhydrous
Hydrate

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Chatbot Market is anticipated to have a prodigious CAGR of 21.8% during 2022-2032

The global chatbot market is anticipated to reach a valuation of US$ 4.2 Bn by 2032 from US$ 580.3 Mn in 2022, rising at a CAGR of 21.8% throughout the forecast period. In 2020, the chatbot market was projected to have a modest slowdown due to the worldwide shutdown. The COVID-19 epidemic has shook almost every business, causing a surge in turnover.

Despite the fact that crucial items are exempt from the lockdown, the shortage of workers to operate on manufacturing lines, supply networks, and transportation has a negative impact on the availability of vital commodities. The issue is likely to be under control by early 2021, with demand for chatbot solutions and services expected to surge as businesses attempt to improve customer experience and build tailored relationships with prospects.

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A wide variety of chatbot solutions and services will be used by a variety of industries to support digital transformation programs that address mission-critical procedures, improve operations, and differentiate customer viewing experiences. Reduced operating costs, improved customer experiences, resolution of customer problems, increased visibility into processes and operations, and improved real-time decision-making are all expected to drive the chatbot market adoption trends.

Lack of awareness and problems associated with management change may have an impact on chatbot market growth to some extent. Though chatbot solutions are becoming more popular in a variety of industries, issues with successful implementation and a lack of understanding of the benefits given by AI-powered chatbot solutions may hinder their acceptance in developing regions such as Latin America and Africa.

Furthermore, large enterprises are at the forefront of using chatbot solutions; however, SMEs have limited acceptance of the same due to the costs involved with their upkeep and a lack of experienced people. However, as SMEs become more aware of chatbot solutions, the usage of chatbot solutions is projected to increase in future years.

As per the global chatbot market study, self-learning bots with data-driven behaviour are powered by NLP technology and self-learning capabilities (supervised machine learning) and can provide more human-like and natural communication; they also learn from their own mistakes.

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Key Takeaways

The US chatbot market is expected to rise rapidly at a high CAGR of 26.8% throughout the forecast period.
During the projected period, APAC is expected to grow at the fastest rate. APAC countries are technologically advanced and provide significant investment and income prospects.
In terms of market size, the standalone segment dominated the chatbot market in 2020, accounting for 56.9% of total revenue.
The mobile segment is expected to grow at a CAGR of 24.1% throughout the forecast period.

Competitive Landscape

Key Players

Meta
Alphabet
Haptik Inc.
Helpshift

Recent Developments

Kore.ai introduced a Virtual Assistant Platform in Japanese in February 2021. The Kore virtual assistant platform was published in Japanese to better address the demands of the Japanese market and to expedite the adoption of virtual assistants. This will aid enterprise customers in shortening time-to-market and improving customer experience in their local tongue.

Saykara, Inc., a like-minded business focusing on building a mobile AI assistant to automate clinical paperwork for physicians, was acquired by Nuance in February 2021. Nuance’s continued market expansion and technological leadership in conversational AI and ambient clinical intelligence (ACI) solutions that minimize clinician burnout, improve patient experiences, and improve overall health system financial integrity are highlighted by this purchase.

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Key Segments

By Platform:

Mobile-Based
Stand alone
Mobile

By Enterprise Size:

Small & Medium Enterprise
Large Enterprise

By Region:

North America
South America
Europe
Asia Pacific
Middle East & Africa

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Catalog Management System Market CAGR of 8%, reaching US$ 3 Bn by 2032

According to the conclusions of the FMI research, during the projected period, the global catalog management systems market is estimated to increase at a CAGR of 8%, from USD 1.3 billion in 2021. Rising consumer demand for items, expanding internet access, and increasing smartphone prevalence are likely to fuel catalog management systems market expansion, acting as a stimulus for catalog management solutions from e-commerce businesses. The catalog management systems market is fragmented since a significant number of firms compete in it.

The major factors projected to boost the usage of catalog management software among companies and SMEs across a variety of sectors, including retail and e-commerce, media and entertainment, telecom, IT, and travel and hospitality, are increased cloud adoption and digital transformation.

Vendors in the catalog management systems market could expect additional prospects in developing nations throughout APAC and MEA. The market for catalog management software manufacturers is now profitable, as multiple firms from various sectors are rapidly implementing digital transformation across their enterprises.

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Catalog management systems are profitable for catalog management software vendors during COVID because such software and solutions assist organisations in categorising and consolidating product or service data into a single digital point of location for organisations and their end customers, i.e. buyers. For businesses, the systems management and preserve product and service information, saving time and reducing human labour.

The COVID-19 pandemic makes it even more critical for corporate executives across the Asia Pacific to accelerate cloud adoption and digital transformation, opening up the huge market potential for catalog management system manufacturers. The present epidemic, on the other hand, has driven the retail sector in the Asia Pacific to pivot toward digital innovation and eCommerce, creating massive market prospects for catalog management system manufacturers.

The main reason for the slow adoption of catalog management solutions is concerns regarding data security. Users are hesitant to use these solutions because they are afraid of losing their critical master and reference data owing to data mistakes that occur during compilation or upgrade. Users believe that their data privacy is in danger, that there will be no responsibility for data losses or thefts, and that no mitigation will be offered.

Furthermore, people are concerned about the security of their data. As a result, businesses choose providers that can adjust their existing systems in order to manage product information and compete.

The Asia Pacific has seen rapid and advanced adoption of new technologies, and it is expected to grow at the fastest rate throughout the projection period. Furthermore, IT investment in the region is constantly expanding, which is expected to result in an increase in the use of catalog management software solutions.

In terms of catalog management software solutions and services, China, India, Japan, Australia and New Zealand (ANZ) are the dominant countries in the area. While spending on IT solutions has surged in the Asia Pacific, the recent COVID-19 epidemic has caused a setback.

Key Takeaways:

The solutions from the catalog management systems market are expected to grow at the fastest CAGR of 7.5% in the component sector.
Cloud is expected to grow at a high rate in the deployment type sector of the catalog management systems market, with a CAGR of 7.2%.
The market size for catalog management systems in the United States is expected to reach US$ 1.1 Billion by 2032, growing at a CAGR of 7.9% during the research period.
UK is expected to reach a market size of US$ 136.8 Million in the catalog management systems market by 2032, with a CAGR of 7.5% during the research period.
China’s catalog management systems market is expected to be worth US$ 200.8 Million by 2032, with a CAGR of 7.8% over the forecast period.
Japan is expected to have a market size for catalog management systems of US$ 172 Million by 2032, with a CAGR of 7.4% during the research period.
By 2032, South Korea is expected to reach a market size of US$ 117.7 Million in the catalog management systems market, with a CAGR of 7.4% during the research period.

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Competitive Landscape:

To expand their offers in the market, catalog management system suppliers have employed a variety of organic and inorganic development tactics, such as new product releases, product upgrades, partnerships and agreements, business expansions, and mergers and acquisitions. IBM, Google, Microsoft, Oracle, and SA are some of the leading suppliers that provide catalog management system solutions and services throughout the world.

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