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Para Cresol Market: Future Plans and Industry Growth with Quantitative And Qualitative Analysis by 2028

Para cresol, a colorless to yellow colored organic compound is o-cresol and m-cresol isomer and a derivative of phenol. Para cresol is mainly found in emissions from coal tar, motor vehicle exhaust, petroleum refining or wood pulping. Para cresol has a tar like odor and it is soluble in organic solvents but is volatile on addition to steam.

Para cresol is also a contained in human sweat and tobacco smoke. Para cresol has a wide range of applications in various industries like chemical, pharmaceutical and polymer. Para cresol is used as an intermediate for manufacturing of various chemicals in the chemical and pharmaceutical industry. The para cresol is used in cosmetics in the manufacture of anti-microbial agents and perfuming agents.

Para cresol is also used in the production of anti-oxidants of phenolic group like butylated hydroxytoluene (BHT). The antioxidants manufactured using para cresol possess less toxicity and are stainless. Para cresol is also used as flavoring agent in the food and beverage industry.

Para cresol is also used in pharmaceutical industry as an intermediate and in the manufacturing of disinfectants like trimethoprim and local antiseptics. Para cresol acts as an aroma ingredient in the manufacture of the perfumes. The plastic and polymer industry uses the para cresol in the manufacturing of resins.

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Market Dynamics

The growth in the population has led to the growth of pharmaceutical industry. Para cresol has applications in the manufacturing of the disinfectants and other chemicals. The growth in pharmaceutical industry will help in the market growth of para cresol. The fast growing food and beverage industry is likely to help in the growth of sales of para cresol.

The use of para cresol in perfumery applications in a variety of personal and home care products will help in sales growth of the para cresol. Due to toxic properties of para cresol, there are some regulations with respect to the transport of para cresol along with feedstuff and food. Para cresol is also a marine pollutant and these transportation factors can slow down the growth of para cresol market.

Storage place for para cresol needs to be well equipped with fire extinguishing system and separated from food and oxidants. The storage conditions would increase the cost of the para cresol and affect the sales of para cresol.

Regional Outlook

North America has very fast growing food and beverage industry along with pharmaceutical industry. The growth of these two industries is expected to help in creating a good demand for the para cresol. European region has shown a good growth in its chemical, pharmaceutical and food and beverage industries in recent years.

The growth of these industries in Europe will provide a platform for the sales growth of para cresol in near future. China and India are another prominent countries with their fast growing chemical, plastic and pharmaceutical industries. These countries also have well established and growing pharmaceutical industries which is expected to help in the growth of market demand for para cresol.

Food and beverage and pharmaceutical industries in Japan have shown an appreciable growth in recent years. The growth of these industries in Japan is expected to generate more demand for the para cresol. The Latin America region has a moderately growing food and beverage industry which is expected to help in the growth of para cresol market up to certain extent. Middle East and Africa region has a moderately growing pharmaceutical and chemical industry which is expected to help in the growth of sales of para cresol.

List of Participants

Some of the participants involved in the para cresol market are listed below:

Merck KgaA
Tokyo Chemical Company Co., Ltd
Atul Ltd
Konan Chemical Manufacturing Co., Ltd
Central Drug House
AA Blocks LLC
Syntree
LGC Limited
Combi-Blocks Inc
Tractus

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.

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Market Segmentation

The para cresol market can be segmented on the following basis:

Para cresol by application:

High End Antioxidant
Aroma Ingredient
Dye Intermediate
UV Absorber
Solvent
Flavoring Agent

Para cresol by end use industry:

Chemical
Pharmaceutical
Polymer
Food and Beverage

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Water Dispersible Polymers Market: Global Industry Overview and Competitive Landscape till 2028

Over past decades, excessive usage of fresh water resources in the world for domestic, agricultural and industrial requirements has led to declining availability of water across many countries. In order to overcome and counter water scarcity issues, several steps regarding reuse, safe disposal and wastage mitigation have been taken by governments across the globe.

Formulation of stringent environmental regulations and awareness campaigns are the further steps taken to deal with this issue in effective manner across the globe.

Furthermore, the government is actively focused on to improve water facilities in rural and urban areas. Such developments for domestic as well as for industrial water treatment are anticipated to build high demand for water & wastewater treatment facilities over the forecast period.

Globally, water treatment industry is growing at a high rate, owing to the increasing water demand in across the globe. In order to process this kind of industrial and municipal water, it is required to be treated with polymers known as water dispersible polymer. Water dispersible Polymers are the organic substances which can swell or disperse in water thereby improving the properties of aqueous systems such as thickening, or emulsification.

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These water dispersible polymers are manufactured from maleic anhydride, acrylic acid, methacrylic acid and also from the combinations of these monomers. In terms of application, water dispersible polymers are designed for the cleaning application and also for the detergent builders.

These water dispersible polymers have several properties such as, they can operate at moderate temperatures, work even in hard water conditions, etc. In addition, these are also used for synthesis of oligosaccharides. Water dispersible polymers are used owing to their high efficiency in the glycosylation reactions.

During the operation there are several chances of vortex formation, these water dispersible polymers are used to avoid such situations. It is necessary to disperse all particles in the water during the entire process. If in case, water dispersible polymer particles are not dispersed with water, then there are chances of formation of aggregates, which can create complications in formulations of a product.

Occasionally, these water dispersible polymers are pre-dispersed with glycerin before their dispersion with huge quantity mixture of water. Water dispersible polymers provide stability and enhance viscosity in end use applications. For water dispersible polymers it is easy to disperse into hot oil phase or in melted phase during their application in emulsions.

Market Dynamics: Water Dispersible Polymers Market

Water dispersible polymers market is expected to exhibit double digit growth during the forecast period, owing to its driving factors such as, application of water dispersible polymer in the drilling of shale gas in addition to this it is also useful for water injection projects.

On the basis of the classification, synthetic segment of water dispersible polymer market is expected to create more opportunities for the key manufacturers and its application providing more strength and required viscosity to the product. The segment is expected to hold more than one third of the market value share by the end of 2018 and is expected to continue the same till 2028.

However, along with these positive factors, there are some negative factors which can create challenges for the growth in the coming years, such as, fluctuating raw material prices and increasing percentage of distributor’s margin.

Current trend in the water dispersible polymer market is to offer an innovative product in the water dispersible category with enhanced functionalities are expected to create avenues for growth for market in near future, especially in the water treatment industry, among others

Regional Outlook: Water Dispersible Polymers Market

Global water dispersible polymer key players shifting their production facilities from America and Europe to Asia Pacific owing to several factors, such as low taxes, workforce availability and government support.

In addition to this, increasing per capita consumption and substantial growth in urbanization expected to create more opportunities in the emerging economics for water dispersible polymers market in the near term.

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Some of the key players of water dispersible polymers market are the

Ashland Inc.
DowDupont
BASF SE
Gantrade
Nitta Gelatin Inc.
AkzoNobel N.V.
Shandong polymers Bio-chemicals Co. Ltd.
Kemira Oyj
Sumitomo Seika Chemicals Company
CP Kelco
Gelita AG
Eastman Chemical Company

The research report provides analysis and information according to market segments such as geographies, application, and industry.

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Bicycle Shoe Market Size To Reach US$ 1.67 Bn By 2029 | New Opportunities Planning By Future Market Insights

Expanding at a CAGR of 5.3%, the global bicycle shoe market size is projected to increase from a valuation of US$ 1.16 Bn in 2022 to US$ 1.67 Bn by the end of 2029. The recent past has observed an increased adoption of bicycle shoes owing to increasing number of cycling events, clubs and association across the globe which in turn is accelerating the sales of cycling accessories such as bicycle shoes and helmets among riders.

Moreover, growing cycling interest and high penetration of online sales channel are expected to fuel the global sales of bicycle shoe. FMI in its newest research report opines that the growing trend of custom bicycle shoes is leading to an uptick in the demand for bicycle shoe. On the back of these factors, the global bicycle shoe market is estimated to be valued at US$ 998.7 Mn in 2019 and expected to expand at 5.5% CAGR during the forecast period of 2019-2029.

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Key Takeaways from the Bicycle Shoe Market Study

East Asia is expected to dominate the global bicycle shoe market owing to large population base which are more inclined towards fashion and health. Cycling activity which has emerged as health & fitness program among consumers, attracts East Asia riders for higher participation which is resulting to an uplift of bicycle shoe in the region. As per Union Cycliste Internationale (UCI), 40 UCI cycling teams are registered in 2018 which was 17 in 2009, increased more than double in past years.
According to FMI, mountain bike shoe accounted for the maximum share in the global bicycle shoe market owing to high preference for adventure sports among consumers supported by the manufacturers with continuous innovation in mountain biking (MTB) such as wireless drivetrains, wireless dropper-posts, fork & shock controls which further generates the necessity of mountain bike shoe.
An upsurge in consumer spending was seen in the segment of men within the global bicycle shoe market. As per Statistics for American Motorcycle Riders, female motorcycle owners accounted for only 19% as compared to men (81%) in 2018.
While offline sales channel will continue to dominate the bicycle shoe market during the forecast period, online sales channel is expected to see a prolific rise with a higher CAGR in bicycle shoe. Preferential shift of consumers towards online platforms are primarily driven by product availability and competitive vendor prices etc. Online platforms offer multiple sellers at the same time with numerous bicycle shoes to choose from. Moreover, bicycle shoe delivery at doorstep also saves the consumer’s time which is another important factor towards the growth of online sales channel.

Increasing Public Bicycle Rental Programs and Government Initiatives

Bike-sharing programs offer an active mobility option to individuals with an objective to increase cycling, reduce congestion, and minimize environmental pollution. Also, bicycles available on rent save users investment needed to purchase their own bicycles. In addition, users who make a habit of using rental bicycles can be potential buyers in the future for companies that target citizens who commute over shorter distances.

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A study by Institute for Transportation and Development Policy (ITDP) in 2014 revealed that bike-share programs have been initiated in over 600 cities worldwide, and more bicycle rental programs are starting each year. The Indian government has taken many initiatives, such as ‘Make in India’ and ‘Startup India’, with an objective of boosting the manufacturing sector and increasing the purchasing power of the average Indian customer. Such initiatives would further boost demand and hence, spur the development of bicycles in addition to benefiting investors. Moreover, the Government aims to push the country’s manufacturing sector to account for 25% of its GDP, which is much higher than the current 17%. All these factors are anticipated to drive the growth of the bicycle market in the Asia-Pacific region, thereby boosting demand for bicycle shoes.

Who is winning?

Some of the key players operating in the bicycle shoe market are Alpinestars S.p.A, Dainese S.p.A, Fox Head Inc., Lemans Corporation, EVS Sports and others.

Several leading bicycle shoe players are launching new innovative products to expand their footprint and product portfolio. At present, manufacturers are focusing on research and development activities to come up with new technologies which can change the market landscape of bicycle shoe.

In March 2020, Leatt, a company which designs & manufactures of protective neck braces, body armour and cycling shoe, has launched innovative shoe line for mountain biking.
In Feb 2019, the company Shimano launched indoor cycling footwear, IC5 and IC3 shoes.

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Key Segments of Bicycle Shoe Industry Survey

Bicycle Shoe Market by Product:

Mountain Bike Shoes
Road Bike Shoes
Touring & City Bike Shoes
Winter Shoes

Bicycle Shoe Market by Price Range:

Premium Bicycle Shoes
Mass Bicycle Shoes

Bicycle Shoe Market by Consumer Orientation:

Bicycle Shoes for Males
Bicycle Shoes for Females
Bicycle Shoes for Kids

Bicycle Shoe Market by Sales Channel:

Online Sales of Bicycle Shoes
Offline Sales of Bicycle Shoes
- Specialty Bicycle Retailers
- Full-line Sporting Goods Stores
- Department Stores & Others

Bicycle Shoe Market by Region:

North America Bicycle Shoe Market
Latin America Bicycle Shoe Market
Europe Bicycle Shoe Market
East Asia Bicycle Shoe Market
South Asia & Pacific Bicycle Shoe Market
Middle East & Africa (MEA) Bicycle Shoe Market

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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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North America and Europe Artificial Pancreas Systems Market to Grow at CAGR of 4.1% over the forecast period | FMI

Revenue contribution of this segment to the North America and Europe artificial pancreas systems market is expected to increase at a CAGR of 4.1% over the forecast period. The Diabetes Type 1 segment dominated the North America and Europe artificial pancreas systems market in revenue terms in 2015, and the trend is projected to continue throughout the forecast period.

The Diabetes Type 1 segment was estimated to account for a little more than 95% market share in terms of value in the North America and Europe artificial pancreas systems market and is expected to experience an increase of more than 200 BPS in its market share by 2026.

The Diabetes Type 1 segment is expected to register high Y-o-Y growth rates throughout the forecast period. Revenue contribution of this segment is projected to increase at a CAGR of 12.6% over the forecast period to reach more than US$ 250 Mn by 2026. On the other hand the Diabetes Type 2 segment is expected to register low Y-o-Y growth rates throughout the forecast period.

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The Diabetes Type 2 segment is expected to remain the least attractive segment in the North America and Europe artificial pancreas systems market in revenue terms with a low market attractiveness index of 0.02 over the forecast period.

Alarming rise in population and economic burden of diabetes worldwide is anticipated to impact the artificial pancreas systems market in North America and Europe

Diabetes is one of the chronic and life-threatening diseases that affects a large part of the global population. Diabetes, also known as diabetes mellitus, is a metabolic disorder wherein the pancreas are either not able to produce insulin or the body is not able to utilise the existing insulin to metabolise glucose. Insulin is an essential secretion (hormone) of the body that metabolises glucose received by the body during and after a meal. An increasing burden of managing and controlling diabetes is the most important factor prompting demand for artificial pancreas systems among the global diabetic population.

Conventional systems used for diabetes management have many drawbacks including the need to take insulin injections at multiple times and recalibrating the CGM devices, thereby making management of diabetes quite tedious. However, artificial pancreas systems are designed to be more portable and user friendly. Artificial pancreas systems are technologically advanced.

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On the other hand, the conventional insulin pumps or CGM devices are large in size and thus, people have social and psychological stigma regarding conventional insulin devices, which motivates them to opt for artificial pancreas systems. This particular factor is creating a robust development in the North America and Europe artificial pancreas systems market.

Artificial pancreas systems are envisioned to deliver a complete system known as a closed loop system that mimics a pancreatic activity of maintaining blood glucose levels by coalescing several technologies including a glucose monitoring device, a glucose sensor with cutting-edge algorithm software and an insulin pump. Manufacturers are competing to provide such high-end artificial pancreas systems to attract diabetic patients who intend to improve diabetes management.

Diabetes Type 1 segment is projected to dominate the North America and Europe artificial pancreas systems market throughout the period of assessment

Diabetes Type 1 disease indication segment dominated the North America artificial pancreas systems market in revenue terms in 2015 and is projected to continue to do so throughout the forecast period, recording a market attractiveness index of 2.0. In Western and Eastern Europe this segment is expected to remain the dominant disease indication segment throughout the projected period.

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North America and Europe artificial pancreas systems market: segmentation

By Region:

North America
Western Europe
Eastern Europe

By Distribution Channel:

Hospitals
E-Commerce

By Disease Indication:

Diabetes Type 1
Diabetes Type 2

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Bromocyclopentane Market : Dominance of the Leading Companies Over the Global Industry

Bromocyclopentane falls under the category of haloalkanes. Haloalkanes are generally derived from alkanes having one or more halogen compound in their structure. Bromocyclopentane also termed as organobromine and is colorless, odorless liquid.

On commercial scale bromocyclopentane is formulated through numerous methods such as free radical halogenation reaction between alkanes & bromine, from alkene & alkynes, nucleophilic substitution of alcohol, and from carboxylic acids.

Out of the above said production process the synthesis of bromocyclopentane on the large is scale is done by free radical reaction of alkanes with bromine. Bromocyclopentane is commercially available with a name of cyclopentyl bromide with different purities level.

These purities of the bromocyclopentane is tailor-made according to the need of specific applications. High purity bromocyclopentane means the consumption of the specific product in food & pharmaceutical applications which also include personal care products.

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Whereas, low or medium purity products are generally used for industrial applications. Prime reason for selecting bromocyclopentane in numerous application is its higher boiling and melting point when compared to their subsequent alkane class.

Properties like increased strength in the bromocyclopentane is imparted by the strong intermolecular forces, the magnitude of the forces is the resultant of high dipole-dipole interaction. Also due to the availability of less number of carbon hydrogen bond the bromocyclopentane shows less flammability than its corresponding alkane.

Bromocyclopentane Market: Market Dynamics

The market for bromocyclopentane will remain progressive as the market showed notable growth in last few years in terms of revenue generation and the same roadmap is expected to be witnessed in near future. The growth of bromocyclopentane can be attributed with its increased penetration in various application.

Also with new product development in the near future the bromocylopentane based products is expected to gain its consumption in niche application and further enhances its application landscape.

Demand of value added coating based on bromocyclopentane and having low VOC content is gaining traction.Also swelling end-use industries such as aerospace, pharmaceutical to name a few creates the demand space for bromocyclopentane products.

Several Government initiatives and funding enables the pharmaceutical industry to flourish in the near future in emerging regions. For instance, In India according to Pharma Vision 2020 the government is planning to develop and turning over a country as a global pharmaceutical hub by 2020.

However certain factors & properties of the bromocyclopentane may impendent its growth in the near future. Some of the industrial grade of bromocyclopentane contains toxins, serious pollutants and harmful VOC compound. With the government regulation in developed countries like Europe and U.S., consumption of bromocyclopentane is somehow restricted for the formulation of the solvents and refrigerants

Bromocyclopentane Market: Region Wise Trends

China is one of the prominent growing and emerging region across the globe in terms of consumption and production of bromocyclopentane, there are notable number of bromocyclopentane manufacturers who have their manufacturing plants in China.

Also the presence of high production base of bromocyclopentane in India and South East Asian countries enables its adequate supply. Japan is showing steady growth as there is limited availability of manufacturers.

With new regulations imposed by the government regarding the low VOC emission, the demand for bromocyclopentane in North America and Western Europe region is somehow stagnant, however implementation of new practices for the formulation of low VOC solvent will offset the challenge in the latter half of the forecasted period.

Eastern Europe, and Latin America are the attractive regions for key manufacturers due to favorable government policies. Middle East and Africa is also entertaining the sizable market share in terms of consumption.

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Examples of some of the market participants in the Global Bromocyclopentane Market identified across the value chain include

Merck KgaA
Wuxi Gonghe Chemical
Alfa Aesar
TCI Chemicals
Feihe Chemcial
Famouschem Technology.
TNJ Chemical
Toronto Research Chemicals
Spectrum Chemical
Triveni Chemicals.

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Mini Refrigerator Market Set to Witness an Uptick Size US$ 2.22 Bn to 2027: Future Market Insights, Inc.

The global mini refrigerator market size is expected to reach US$ 2.22 Bn by the end of 2027. According to a study by Future Market Insights (FMI), the market will show a steady rise at a CAGR of 7.7% between 2022 and 2027. According to the report, growing popularity of portable kitchen appliances and emerging trend of energy star certified appliances boost demand for mini refrigerator across the globe.

The report offers a comprehensive view of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

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It includes in-depth insights into the mini refrigerator market. Some of these are:

The estimated value of the mini refrigerator market was at ~US$ 3,060.2Mn in 2022. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
Regionally, East Asia dominates the mini refrigerator market globally owing to rise in adoption of portable mini refrigerator to the outdoor activities such as fishing, camping, adventure sports, along with expanding demand for cold storage in vehicles to keep the food and beverages fresh during travel.
East Asia emerges as one of key markets owing to rise in per capita spending on kitchen appliances which makes mini refrigerator affordable along with increase in number of nuclear families led to increase in demand for mini refrigerator in the region.
Growth of online retailers’ sales channel is expected to boost the sales of mini refrigerator over the forecast period.
Prominent players are analysing consumer behaviour and purchase pattern to understand the current household trend. The company’s focus remains on developing innovative products that come with minimum-maintenance requirement, as, it is one of the core objectives of having smart technology.

Rise in Demand for High Capacity Mini Refrigerator at Commercial Areas

Based on the capacity, the 4-5 cu. Ft. is expected to be the most attractive segment in the mini refrigerator market over the forecast period. Rise in demand for high capacity portable refrigerator in commercial areas such as hospitals and clinics to store drugs and medical devices that requires specific storage conditions is the primary factor expected to exhibit a significant growth in the global mini refrigerator market during the forecast period.

Furthermore, unique features associated with mini refrigerator such as portability, efficient cooling temperature, and high capacity propel the global mini refrigerator market for further growth. However, 2-2.9 cu. Ft. segment is expected to expand at higher CAGR during the forecast owing to increasing demand of such products on vehicles as well as outing or some small holiday trip with such capacity.

Who is Winning?

Some of the leading players operating in the mini refrigerator market are The Whirlpool Corporation, Samsung Electronics, Videocon Industries, Godrej Appliances, LG Electronics, Haier Group Corporation, Electrolux AB, Panasonic Corporation, Siemens AG, ARB Company, Highsense Infotech, Zhongke Meiling Cryogenics Co., Ltd., Danby Appliances Inc., Whynter, LLC, Engel, Koolatron Corporation, Dometic Group AB, EdgeStar Appliances Company, Midea Group, Uber Appliance Company, and others.

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These manufacturers are developing technological advanced products with high energy star certified products to meet growing consumer requirements as well as to have a competitor edge in the market. Moreover, collaboration with domestic distributors, strategic partnership, seeking for certifications, and enter into e-commerce platform remains a popular strategy among the prominent players in the market. Companies intend to expand their geographical footprint through mergers and acquisition.

In January 2020, Godrej Appliances introduced a new mini refrigerator for hotels and hospitals, to cater to the cooling requirements of the industry. Company developed innovative product to meet the growing demand of cooling device that works on advanced thermostatic technology.
In 2019, Haier Group Corporation launched two new vertical freezers namely Mini-Vertical Freezer ‘BD88DEM’ and Haier Premium Vertical Freezer ‘BD168WL’ in India to stock small to large variety of food items. The refrigerator is designed to reduce the problem of frost formation and provide a wide temperature range between -14 to -25 degrees.

Get Valuable Insights into Mini Refrigerator Market

Future Market Insights, in its new report, presents an unbiased analysis of the global mini refrigerator market, covering historical demand data and forecast figures for the period between 2022 and 2032. The study divulges compelling insights on the mini refrigerator market based on product type (single door refrigerator and double door refrigerator), capacity (less than 1 cu. Ft., 1-1.9 cu. Ft., 2-2.9 cu. Ft., 3-3.9 cu. Ft., and 4-5 cu. Ft.), end-user (commercial and residential), price range (economy, mid-range, and premium), sales channel (wholesalers/distributors, hypermarkets/supermarkets, multi-brand stores, exclusive stores, independent small stores, online retailers, and other sales channel), region (North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East & Africa).

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Key Segments Of Mini Refrigerator Industry Survey

Mini Refrigerator Market by Product:

Single Door Refrigerators
Double Door Refrigerators

Mini Refrigerator Market by Price Range:

Economic Mini Refrigerators
Mid-range Mini Refrigerators
Premium Mini Refrigerators

Mini Refrigerator Market by Capacity:

Less Than 1 cu. Ft Mini Refrigerators
1-1.9 cu. Ft Mini Refrigerators
2-2.9 cu. Ft Mini Refrigerators
3-3.9 cu. Ft Mini Refrigerators
4-5 cu. Ft Mini Refrigerators

Mini Refrigerator Market by End User:

Residential Mini Refrigerators
Commercial Mini Refrigerators

Mini Refrigerator Market by Sales Channel:

Wholesalers/Distributors
Hypermarkets/Supermarkets
Multi-brand Stores
Exclusive Stores
Independent Small Stores
Online Retailers
Other Sales Channels

Mini Refrigerator Market by Region:

North America Mini Refrigerator Market
Latin America Mini Refrigerator Market
Europe Mini Refrigerator Market
East Asia Mini Refrigerator Market
South Asia & Pacific Mini Refrigerator Market
Middle East & Africa (MEA) Mini Refrigerator Market

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Air Fryer Market Worth US$ 1.86 Bn By 2031 | CAGR 7.3% – By Future Market Insights, Inc.

The air fryers market size is expected to reach US$ 1.86 Bn by the end of 2031, rising at a CAGR of over 7.3% between 2021 and 2031. Rising health & fitness concerns among consumers will remain a driving influence. Offerings with multi-functional cooking features will reflect higher demand.

Advancements in product features, and growing consumer interest towards technology-led products have changed the small appliances industry. Consequently, manufacturers have introduced air fryers with traditional oven functionalities. This enables benefits of accessibility, saves kitchen space, and offers a larger cooking capacities.

The rapid rise of the e-commerce industry, higher consumer incomes, and advances in intelligent cooking technologies are spurring market growth. Adoption of air fryers in residential and commercial sectors is also a contributory factor driving market growth.

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Hectic lifestyles and the resultant demand for healthy diets has influenced cooking appliance manufacturers. As a result, modern air fryers are designed to reduce cooking time without compromising on nutrition. Also, air fryer market participants have invested heavily in research and development activities to improve flexibility in cooking operations.

Increasing consumer inclination towards energy efficiency and eco-friendly product features is expected to generate growth opportunities. Stringent safety standards drafted by environment regulatory bodies such as the EPA (Environmental Protection Agency) have given rise to ENERGY STAR specifications to reduce GHG (Greenhouse gas) emissions, which will positively influence developments in the long-term.

Key Takeaways

The United States is expected to remain a prominent regional market due to high preference for oil-free food amongst health-conscious consumers.
Strong growth is emerging from emerging economies of India, China, Saudi Arabia, and Russia, driven by changes in urban lifestyles.
In terms of product type, digital air fryer held notable share in the global air fryer market owing to consistency in food quality.
Residential sector is expected to experience steady growth within the global air fryer market space over the forecast period.

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Impact of COVID-19 & 2020 Market Analysis

During the COVID-19 outbreak, air fryer manufacturing companies have been severely impacted owing to disrupted supply chains in terms of raw materials and components. Lockdown restrictions led to short-term halt in production, while sales are bouncing back in 2021. Air fryers are emerging as essential equipment in kitchens with the increasing focus on a healthy lifestyle.

The outbreak has also resulted in substantial growth of categories including cleaning and hygiene products. The growth of the e-commerce sector is also a positive influence as companies focus on expanding their distribution networks to online channels to cater to surging consumer demand. However, brick and mortar retail stores suffered through the Covid-19 lockdown period. The change in buying patterns bolstered sales through e-commerce platforms, which will continue in the long-term.

Who is winning?

The report highlights some prominent players in the global air fryer market, which include Koninklijke Philips N.V, Newell Brands, Inc., Stanley Black & Decker, Inc., Breville Group Limited, Groupe SEB, SharkNinja Operating LLC (CDH Private Equity), Cuisinart Corporation (Conair Corporation, Meyer Manufacturing Company Limited, GoWISE USA (Ming’s Mark Inc.), among others. Market players are primarily focused on marketing campaigns to promote their products and create brand awareness among consumers, with social media campaigns gaining notable traction.

In July 2020, SharkNinja Operating LLC introduced the new Ninja Foodi 2-Basket Air Fryer. The fryer has a two-basket cooking system feature for additional versatility compared with traditional air fryers. The air fryer’s 8-quart capacity and Dual Zone technology helps the user cook two foods in two ways, and finish at the same time.

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In 2019, Koninklijke Philips N.V introduced Airfryer XXL with smart sensing technology. The technology simplifies the cooking process with a unique fat removal technology, with the fat being captured in the bottom tray of the fryer for easy disposal. Additionally, the air fryer can bake, grill and roast.

Product launches will remain a key strategy adopted by market players to gain competitive advantage. Leaders in the air fryer market are introducing products which fulfil the needs of customers.

Air Fryer Market by Category

Device Type

Manual
Digital

Wattage

Below 1200 Watt
1200-1500 Watt
1500-1800 Watt
1800-2200 Wattage
2200 Wattage & Above

End Use

Commercial
Residential

Price Range

Below US$ 25
US$ 25 – US$ 100
US$ 100 – US$ 200
US$ 200- US$ 300
US$ 300 & Above

Sales Channel

Direct Sales
Supermarket/Hypermarket
Department Stores
Specialty Stores
Online Retailers
Other Sales Channel

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Frequently Asked Questions

What is the air fryer market size?
Which end-user segment witnesses most lucrative growth opportunities?
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Halal Nutraceuticals & Vaccines Market is Anticipated to Register 7.7% CAGR through 2022-2032 | Future Market Insights

ESOMAR-certified consulting firm Future Market Insights’ report – In 2022, the global halal nutraceuticals and vaccines market is projected to be worth US$ 62,510.5 million. The entire demand for halal nutraceuticals and vaccines is anticipated to reach around US$ 131,253.4 Million by 2032, growing at a CAGR of 7.7% between 2022 and 2032.

Growing demand for halal dietary supplements from Muslim dominant countries is accelerating the demand of halal nutraceutical & vaccines across the globe.

Key players are investing heavily in order to adhere to the regulations of halal products to cater the demand. Initiatives undertaken and increased funding for the promotion of halal dietary supplements across Malaysia, UAE, Singapore and China will bolster the growth.

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Development of halal products for vegetarian customers with the increasing prevalence of lifestyle disorders such as diabetes, obesity and others are propelling the demand for halal dietary supplements.

As per the FMI’s analysis, due to the high demand from the GCC countries, Indonesia and Malaysia for dietary supplements & other products, the market witnessed steady growth at 6.50% CAGR during 2016-2020.

However, high cost of production in compliance to the regulation of halal certification will impede the market growth. Less production and demand from the U.S, the U.K and other western countries might hamper the demand.

Key Takeaways from FMI’s Halal nutraceutical & vaccines Market Study

By distribution channel, hospital pharmacies segment will remain highly sought-after for halal nutraceutical & vaccine sales.
In terms of application type, general wellbeing will retain its dominance, while immune & digestive health will account for second largest application
Halal dietary supplements will dominate the halal nutraceutical & vaccines market in terms of product over the forecast period
Indonesia and Switzerland will emerge as the leading market across Asia Pacific excluding Japan backed by the high demand of halal dietary supplements
UAE will emerge as the most lucrative market registering fastest growth in terms of value over the forecast period
Malaysia is anticipated to lead the Asia’s Halal nutraceutical & vaccines market, exhibiting the growth at 18.3% CAGR

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Competitive Landscape

Prominent halal nutraceutical & vaccines market players profiled by Future Market Insights include Chemical Company of Malaysia Berhad, Abbott Laboratories, Nestle, Amway, Herbalife International of America Inc., AJ Biologics SDN BHD, Agropur Inc., PT Kalbe Farma TBK, Kotra Pharma SDN BHD, and Noor Vitamins among others.

Abbott Laboratories and Herbalife International of America, Inc. are two leading companies dominating the global halal nutraceuticals & vaccines market.

While Abbott Laboratories is expected to focus on producing halal nutraceutical & vaccines for infants, women and specific therapeutic nutrition, Herbalife is emphasizing its business measures more towards consumer awareness through promotional campaigns.

Multinational food & beverage companies like Nestlé S.A. and Amway are also increasing their presence in the global halal nutraceutical & vaccines market to gain competitive edge.

Chemical Company of Malaysia Berhad, AJ Biologics Sdn Bhd., Agropur, Inc., and Kotra Pharma (M) Sdn Bhd, are also recognized as the leading companies in the global halal nutraceutical & vaccines market.

Increasing initiatives for the certification of halal products and demand from Middle East countries are widening the growth opportunities for the leading players. Increasing demand for halal dietary supplements across Malaysia and Indonesia will broaden the future expansion prospects for the market players.

More Insights on the Global Halal Nutraceutical & Vaccines Market

In its latest report, FMI provides detailed segmentation on the global halal nutraceutical & vaccines market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031.

In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of product type (halal dietary supplements and halal vaccines), application type (sports nutrition, general wellbeing, immune & digestive health, bone & joint health, heart health, disease prevention, and weight loss), and distribution channel (hospital pharmacies, retail pharmacies, online sales, and super markets) across seven major regions (North America, Latin America, Eastern Europe, Asia Pacific excluding Japan, Western Europe, Japan and Middle East & Africa)

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Halal nutraceutical & vaccines Market by Category

By Product Type:

Halal Dietary Supplements
Halal Vaccines

By Distribution Channel:

Hospital Pharmacies
Retail Pharmacies
Online Sales
Super Markets

By Application:

Sports Nutrition
General Wellbeing
Immune & Digestive Health
Bone & Joint Health
Heart Health
Disease Prevention
Weight Loss

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Heptanoic Acid Market: In-Depth Analysis with Booming Trends Supporting Growth and Forecast by 2028

Enanthic acid or heptanoic acid, is primarily an organic compound which is composed of a seven-carbon chain terminating in a carboxyl acid. Heptanoic acid is utilized in the form of esters for industrial lubricants owing to its unique performance at both low and high temperature levels (aviation, automobile, refrigeration lubricants, etc.) and its good corrosion properties. Moreover, it is used in flavors and fragrance industry as well as in cosmetics.

Heptanoic acid is a colorless liquid with a pungent odor, and is less dense than water and poorly soluble in water. Heptanoic acid find its two major uses i.e. vinyl plasticizers that are used in automotive industry and other is synthetic lubricants where it is used in polyol esters.

Heptanoic acid is utilized as an organic building block for the synthesis of a variety of chemical compounds. It is involved primarily in the esterification of steroids and used in the preparation of pharmaceutical ingredients such as testosterone enanthate, drostanolone enanthate, and methenolone enanthate. Moreover, it is utilized as an internal standard during the gas chromatography analysis of volatile acids.

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Global Heptanoic Acid Market: Dynamics

Over the recent past, utilization of heptanoic acid in metalworking fluids has grown significantly, amount of acid utilized in these products is small; therefore a dramatic change from the traditional oil based fluids would be required before there would be significant market impact.

Thus, with the increase in demand for metalworking fluids, consumption of heptanoic acid is also expected to rise which in turn driving the global heptanoic acid market. Moreover, increasing local and foreign direct investments in the automotive sector are pushing the demand of lubricants which in turn is expected to boost the consumption of heptanoic acid

On the other hand, stringent environmental regulations associated with the use of lubricants is one of the key factor expected to restrain the demand of heptanoic acid. Further, regulations listed by environmental agencies pertaining to the utilization of various lubricants are lessening the consumption of heptanoic acid over the forecast period

Development of low cost and simple processes to convert the bio-degradable materials into high value carboxylic acids such as heptanoic acid, caproic acid, caprylic acid etc. is one of the key trends identified in the global heptanoic acid market across the globe. Various types of feedstock are utilized which include orange peels, food waste, palm oil mill effluent, corn ethanol stillage, crop waste etc.

Global Heptanoic Acid Market: Regional Outlook

Considering regions, the global heptanoic acid market is anticipated to be dominated by Asia Pacific region. Owing to the positive outlook of end-use industries supported by rising population, urbanization in the developing countries such as China and India.

Asia-Pacific is anticipated to be followed by North America and Europe in the global heptanoic acid market over the forecast period. Latin America and Middle East & Africa are expected to account for small share in the global heptanoic acid market, due to the sluggish demand from end-users across the Brazil, Argentina, Turkey, etc.

Global Heptanoic Acid Market: Market Participants

Examples of some of the market participants involved in the global Heptanoic Acid market include Arkema, Merck KGaA, Tokyo Chemical Industry Co., Ltd., ACME SYNTHETIC CHEMICALS,

The global heptanoic acid market is expected to be one of the most consolidated in nature owing to the presence of large number of producers (both local as well as global) in the market.

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Global Heptanoic Acid Market: Segmentation

Globally, the heptanoic acid market can be segmented on the basis of grades, application and end-use industry

Based on the grades, the global heptanoic acid market can be segmented into

Pharmaceutical grade
Food grade
Other grade

Based on the application, the global heptanoic acid market can be segmented into

Lubricants
Cosmetics
Flavours & Fragrance
Corrosion Inhibition
Others

Based on the end-use industry, the global heptanoic acid market can be segmented into

Pharmaceutical
Food & Beverages
Automotive
Aerospace
Others

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Beard Oil Market to Achieve A High CAGR Of 5.6% During Forecast Period -2029

The global beard oil market size is anticipated to be worth US$ 1.47 billion. According to Future Market Insights (FMI), between 2019 and 2029, the market would grow steadily at a CAGR of 5.6 percent. According to the report, the primary drivers for the beard oil market are increased demand for personal care products among male consumers, active marketing by corporations, and rising indie brands. The research provides a thorough analysis of the market, including key growth drivers, restraints, opportunities, and current trends. It makes use of original research.

It includes in-depth insights into the Beard Oil market. Some of these are:

Europe is expected to dominate the global beard oil market due to high concentration of beauty & skincare manufacturers in the region.
The East Asia region is expected to grow at highest CAGR during the forecast
High demand for organic products is considered as key attributor to the global beard oil market growth.
FMI identified online retail as the most lucrative sales channel in the beard oil market throughout the forecast period.

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Preferential Shift towards Natural & Organic Products to Surge Market Growth

Governed by rising demand for personal care products, aggressive marketing by companies, and rising indie brands, the beard oil market is expected to grow. Manufacturers are focusing on developing novel products to ride on the new wave of consumer inclination towards natural and organic skincare products. Manufacturers have also increased their focus on product ingredients and packaging. Increasing awareness about associated side effects with regard to beard oil such as skin reactions, itching, and burns, are factors expected to impede the beard oil market. Thereafter, growing consumer awareness and online product availability fuel the beard oil market for higher sales across the globe.

Who is Winning?

Some of the leading players operating in the Beard Oil market are Brickell men’s Product, Leven Rose, Mountaineer Brand, The American Beard Company, Prophet and Tools, The Gentleman’s, Viking Revolution, Honest Amish, ArtNaturals, Macho Bread Company, Dapper Ganger, Rosdon Group Ltd, Evolution GMBH, Fullight Tech, Alpha Vikings, Klapp Cosmetics GMBH, Vetyon, Rapid Beard, Texas Beard Company, Hongkong Guan Wei International etc. As a result of increasing competition, companies are focusing on expanding their product portfolio with new innovation. In addition to this, mergers and acquisition remains a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations.

In April 2019, a US based company BUSCH had introduced beard oil infused with the rugged essence of BUSCH.

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Get Valuable Insights into Beard Oil Market

Future Market Insights, in its new report, presents an unbiased analysis of the global Beard Oil market, covering historical demand data and forecast figures for the period between 2019 and 2029. The study divulges compelling insights on the Beard Oil market based on product type (organic, conventional), price range (high, mid-range, low), packaging (bottle, jar, other), sales channel (wholesaler/ distributor, hypermarket/ supermarket, specialty stores, exclusive stores, online stores, others), region (North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East & Africa).

Market Segmentation

The global beard oil market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

By Product Type

Organic
Conventional

By Price Range

Low
Mid-range
Premium Range

By Packaging

Bottled
Jar
Other

By Sales Channel

Wholesaler/ Distributor
Hypermarket/ Supermarket
Specialty Stores
Exclusive Stores
Online Stores
Others

Region

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

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