Market Research Blog

The virtual private cloud market is expected to escalate at a CAGR of 12.8%, from US$ 38.8 billion in 2022 to US$ 129.6 billion through 2032. The market growth of the virtual private cloud market will be supported by key factors such as the cost-effectiveness of products, the rising volume of business data and connectivity trends, & the growing need for workers to access mobile applications and resources.

The virtual private cloud market is experiencing rapid growth due to the increasing demand from small and medium enterprises, ever-increasing adoption of cloud-based services by large enterprises across different industry verticals, along with the increased number of data breaches over a network that is primarily the result of unauthorized access by third parties.

Various government agencies have been investing heavily into the digitization of their operations to improve productivity and reduce operating costs through the implementation of efficient management practices, thereby expanding the use of virtual private clouds throughout most organizations.

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Digital Business Models that have seen a rapid rise in popularity and implication, such as “as a service”, have played a significant role in fueling product innovation and development within VPC providers all over the world.

In addition to offering private cloud advantages, virtual private clouds provide safe intranet connectivity and data storage advantages in a public cloud environment.

KEY TAKEAWAYS:

• The virtual private cloud market is predicted to develop at a CAGR of 11.8% through 2032 in the software section of the component category.
• The CAGR for the banking, financial services, & insurance segment of the vertical method category in virtual private cloud market is anticipated to be 11.5% through 2032.
• In the United States, the virtual private cloud market is estimated to reach US$ 5.3 billion by 2032, rising at a CAGR of 12.5% throughout the forecast period.
• By 2032, the virtual private cloud market in the United Kingdom is expected to be valued US$ 5.3 billion, with a CAGR of 11.8% through 2032.
• With a CAGR of 12.1% throughout the forecast period, China is expected to reach a market size of US$ 9.2 billion in virtual private cloud market by 2032.
• By 2032, the virtual private cloud market in Japan is estimated to be worth US$ 7.5 billion, growing at an annual rate of 11.0% through 2032.
• With a CAGR of 10.3% throughout the forecast period, South Korea is predicted to reach a market size of US$ 4.6 billion in virtual private cloud market by 2032.

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COMPETITIVE LANDSCAPE:

Key companies profiled in the virtual private cloud market report include Amazon Web Services, HP, IBM, Microsoft, Google, VMware, Oracle, Cisco Systems, Red Hat, and NetApp.

There have been major gains in the global virtual private cloud market over the past five years in North America. The growing demand for VPCs in this region is due to the growing number of large enterprises involved across different industry verticals. Latin America is expected to grow at an impressive rate during the forecast period, recording the highest CAGR.

Due to their improved operational efficiency and security features, VPCs are in high demand from both small and large enterprises across a wide variety of industries, such as banking & finance, telecommunications, manufacturing, healthcare, etc. Europe holds the second-largest market share due to their demand from both small and large enterprises. 

Key Segments

By Component:

• Software
• Services

By Organisation Size:

• Small and Medium Sized Enterprises
• Large Enterprises

By Vertical:

• Banking, Financial Services, and Insurance
• IT and Telecom
• Government and Defence
• Healthcare
• Media and Entertainment
• Retail
• Manufacturing
• Others

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By Region:

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

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According to a recent Future Market Insights report, the cybersecurity insurance market is expected to reach US$ 11.5 Billion in 2022, registering a CAGR of 18.2% from 2022 to 2032. Growing security threats and financial losses are expected to push the market for cybersecurity insurance to US$ 61.2 Billion by the end of 2032.  Business owners regularly purchase insurance policies in order to keep themselves protected from a variety of unforeseen circumstances, such as natural disasters as well as lawsuits brought by unhappy customers.

Business is implementing insurance policies in response to the rising risk of data breaches and cybersecurity risks. The insurance type segment is expected to be dominated by standalone insurances during the forecast period.

As businesses embark on their digital journey they face new opportunities and threats in the market. In addition, companies are being held to a higher standard of governance. Moreover, society as a whole is struggling to combat the rising impact of cyber incidents, such as ransomware, which is gaining traction.

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Key Takeaways:

• By end user, cybersecurity insurance solutions to be leveraged maximum by insurance providers, registering an 18% CAGR
• Presence of major key players and the growth of IT business in U.S. to push the market to US$ 21.3 Billion by 2032
• Growing telecom businesses to push the Chinese market at a CAGR of 17.5% from 2022-2032.
• Global cybersecurity insurance market to yield an absolute value of US$ 49.8 Billion
• U.K. market is expected to grow at a CAGR of 17.1% during the forecast period.

Competitive Landscape

With the growth of cloud-based technologies and the adoption of cloud-based storage systems, the market is projected to grow in the future.  Strategic partnerships can provide a company with the potential to expand its operational capabilities. Insurers provide smart and dynamic policies that can help recover a company’s financial losses in the market.

• In September 2021, Microsoft announced a partnership with At-Bay, a pioneering cyber insurance company. The cyber-risk that each company it insures is assessed by At-Bay through its modern approach to risk management. Customers are then given actionable insights on how to improve their security posture. Using improved policy terms and pricing to encourage the implementation of security controls has strengthened the overall security of At-Bay’s portfolio companies.

• In January 2022, as part of its 2023 strategy, the Asian Investment Bank (AIB) and IBM have signed an agreement worth €65 million over three years to accelerate the bank’s digital transformation, meet its customer-first commitment, and accelerate its transition to hybrid cloud technologies. IBM’s technology will help AIB expand its cyber resilience and fraud detection capabilities, ensuring the high quality and safety of its digital services.

More Valuable Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the global cybersecurity insurance market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.

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Key Segments Covered In The Cybersecurity Insurance Market

By Component:

• Cybersecurity Insurance Solutions
• Cybersecurity Insurance Services

By Insurance Coverage:

• Cybersecurity Insurance for Data Breach
• Cybersecurity Insurance for Data Loss
• Cybersecurity Insurance for Cybersecurity Liability

By Insurance Type:

• Packaged Cybersecurity Insurance
• Stand-alone Cybersecurity Insurance

By Organization Size:

• Cybersecurity Insurance for Large Enterprises
• Cybersecurity Insurance for SMEs

By End User:

• Cybersecurity Insurance for Technology Providers
• Cybersecurity Insurance for Insurance Providers

By Region:

• North America Cybersecurity Insurance Market
• Europe Cybersecurity Insurance Market
• Asia Pacific Cybersecurity Insurance Market
• Middle East and Africa Cybersecurity Insurance Market
• Latin America Cybersecurity Insurance Market

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As per a research survey conducted by ESOMAR-certified consulting firm Future Market Insights (FMI), the global artificial turf market is expected to reach US$ in 2021. Increasing adoption of artificial turns for landscaping in residential and commercial buildings is expected to facilitate growth.

As per FMI, the market will expand at 5.9% CAGR over the forecast period 2021-2031 in comparison to CAGR 1.8% registered between 2016 and 2020.

Artificial turfs are increasingly used in hotels, restaurants, residential houses, and airports for various landscaping applications such as decorating balconies, rooftops, swimming pools, children playgrounds, and lawns. Thus, with the expansion of urban infrastructure aligned with modern lifestyle, the demand for artificial turf is expected to propel in the coming years.

Due to its superior characteristics such as high durability, less maintenance, low replacement rate over natural grass, artificial turfs are progressively used in contact sports such as rugby, football, hockey, and cricket playing fields and stadiums.

Thus, increasing number of stadiums across the world and upcoming global sports events such as ICC World Cup 2023, FIFA World Cup 2022, and others are anticipated to accelerate the sales of artificial turfs over the next ten years.

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“Manufacturers in the market are emphasizing on developing third-generation turfs using hybrid technology for developing innovative products with shock pads and anti-bacterial properties to address the increasing demand from landscaping and sports sector,” says the FMI analyst. 

Key Takeaways from the Artificial Turf Market Survey

• In North America landscape, the U.S. is estimated to remain a dominant market driven by the increasing demand for artificial turfs from landscaping and leisure applications.
• The U.K, home to large number of football and cricket stadiums, is expected to emerge as one of the most remunerative markets.
• The market for artificial turfs in India is projected to exhibit the fastest growth in the Asia Pacific on the back of increasing government support for upgrading sports infrastructures, especially hockey and football.
• Germany is estimated to account for a significant share in the European market on the back of the presence of a large number of leading artificial turfs manufacturers in the country.
• Based on infill material, the rubber is likely to dominate the segment favored by the increasing adoption in outdoor sports.

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Competitive Analysis

Leading players operating in the artificial turfs market are heavily investing in research and development activities to develop novel product to expand their product portfolio. Besides this, some of the players are engaging into strategic mergers & acquisitions of small and medium-scale companies. For instance,

• In 2017, Synthetic Grass Warehouse, Inc. an America based company announced launching its new artificial turf named, Everlast Turf’s Nature’s Best. The product is aimed to provide realistic looking artificial grass with enhanced durability.
• In August 2019, SportGroup subsidiary company, AstroTurf acquired, an American company, Nagle Athletic Surfaces Inc. The acquisition assisted the company to capitalize on the extensive range of products of Nagle Athletic Surfaces, Inc. and increase their market share.

More Insights into the Artificial Turf Market Report

In its latest report, FMI offers an unbiased analysis of the global artificial turfs 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 infill material (rubber, sand, and other) and application (contact sports, non-contact sports, leisure, and landscaping) across seven regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa).

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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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The global perfume ingredient chemicals market is expected to exceed US$ 6.7 billion in 2022. The market is expected to reach US$ 8.9 billion by 2027, growing at a robust 5.7% CAGR.

The increased demand for natural and organic products, as customers become more aware of the importance of such items, is expected to drive sales in this market. Another factor that is anticipated to contribute to this rise in the near future is the trend of using natural perfumes.

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Global Perfume Ingredient Chemicals Market: Restraints

• High cost of raw materials and lack of low tier manufacturing
• Low awareness of greener products and low production growth
• High cost of extracting raw ingredients and expensive research & development programmes
• Raw material price fluctuations and high cost of petroleum based fuels
• Growing concerns regarding the harmful effects of using aggressive ingredients

Global Perfume Ingredient Chemicals Market: Forecast by Application

On the basis of application, the global perfume ingredient chemicals market is segmented into fine fragrance, home care, laundry care, personal care, cosmetics, and others. The fine fragrance segment accounted for a significant market value share of 22.3% in 2022, followed by the personal care segment. The personal care segment is expected to remain dominant till 2027. This segment is also expected to remain the most lucrative during the forecast period.

Global Perfume Ingredient Chemicals Market: Forecast by Product Type

Product type segmentation comprises synthetic aroma chemicals and essential oils. Synthetic aroma chemicals segment is further segmented into alcohols, esters, ethers, ketone, and others. Essential oils segment is sub-segmented into orange, citronella, peppermint, eucalyptus and others. Synthetic aroma chemicals segment is anticipated to witness the highest value CAGR of 5.7% in the global perfume ingredient chemicals market. Cost factor is expected to move market players to adopt synthetic products; further, a global trend towards green products is expected to create lucrative opportunities for manufacturers of essential oils owing to a growing consumer preference for herbal products.

Global Perfume Ingredient Chemicals Market: Forecast by Region

Asia Pacific is estimated to be the most lucrative regional market in terms of revenue generation in the global perfume ingredient chemicals market, valued at US$ 1,198.0 Mn in 2022 and is expected to expand at a CAGR of 6.2% over the forecast period. Within the Asia Pacific, China & India are expected to remain in a dominant position for perfume ingredient chemicals demand. In terms of growth, following the Asia Pacific are several European countries such as Italy, France, and U.K. A noteworthy increase in sales in other developing markets such as Brazil, Russia, Turkey, GCC countries and South Africa is anticipated over the forecast period.

Global Perfume Ingredient Chemicals Market: Key Players

Sensient Technologies Corporation, BASF SE, Eternis Fine Chemicals, YingYang (China) Aroma Chemical Group, KDAC CHEM Pvt. Ltd., Frutarom Harmony Organics Pvt. Ltd., Atul Ltd, GODAVARI BIOREFINERIES LTD, Givuadan Firmenich, International Flavors and Fragrances Inc., Symrise, Takasago International Corporation, MANA SE, Robertet SA, T. Hasegawa USA, Huabao International Holdings Limited, Zhejiang, Xinhua Chemical Co., Ltd, Henkel AG & Co KGaA ADR, and Charkit Chemical Company LLC are some of the leading companies operating in the global market that have been profiled in this report.

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Perfume Ingredient Chemicals Market by Category

By Product Type:

• Synthetic Aroma Chemicals
  • Alcohol
  • Esters
  • Ethers
  • Ketone
  • Others (Thiols, Dienals, etc.)
• Essential Oils
  • Orange
  • Citronella
  • Peppermint
  • Eucalyptus
  • Others (Rose, Sandalwood,Orange etc.)

By Application:

• Fine Fragrance
• Home Care
• Laundry Care
• Personal Care
• Cosmetics
• Others

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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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The global gypsum market is estimated to expand at a 6.2% CAGR over the forecast period, reaching US$ 4.3 Bn in 2022.

Gypsum is a vital construction material and is used widely in Portland cement, building plaster, and several other construction products. The construction industry is a key application segment in the gypsum market. It is used for various applications such as cement, plaster, drywall manufacturing, and others. Growth in construction industry is expected to elevate the consumption of gypsum over the forecast period.

“Surging demand for gypsum in the agriculture sector for soil enhancement, along with expansion of the building and construction sector across emerging economies will drive sales in the market over the forecast period,” says an FMI analyst.

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Key Takeaways:

• Global gypsum market is expected to reach US$ 7.8 Bn by the end of the forecast period growing at a CAGR of 6.2%.
• Cement industry is key consumer of gypsum owing to its vital role in the building and construction sector.
• East Asia is expected to lead the market in terms of production and consumption of gypsum owing to strong presence of end users in the region.
• China is expected to be the dominant producer of crude gypsum, followed by the U.S.
• India will emerge as a lucrative pocket amid rising construction of smart cities across various urban cities.

Competitive Landscape         

Key market participants in the global Gypsum market elaborated in the report includes Azko Nobel, Sherwin Williams Company, Asian Paints Ltd., Nippon Paints, Valspar Corporation, Jotun, BASF-SE, RPM International Inc., KANSAI Paints Co., Ltd., and Berger Paints.

Key gypsum producers are laying emphasis on expansion by establishing new plants that will help them to increase their production capacities and gain access to new distribution networks. Moreover, several manufacturers are engaged in strengthening their product portfolio by strategic acquisition and mergers to attract maximum consumer base.

More Insights into the Gypsum Market Report

In its latest report, FMI offers an unbiased analysis of the global Gypsum market, providing historical data for the period of 2017-2021 and forecast statistics for the period of 2022-2032. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of Product type, End Use, and Region

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Gypsum Market by Category

By Product Type:

• Natural
• Synthetic

By End Use:

• Cement
• Drywalls
• Plaster
• Soil Amendment
• Gypsum Blocks
• Others

By Region:

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

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About Future Market Insights (FMI)

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

Contact:

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The global propylene carbonate market is anticipated to expand at a steady 6.3% CAGR over the forecast period between 2022 and 2032, finds Future Market Insights (FMI). Propylene carbonate is largely utilized as a solvent for the production of paints and coatings, cleaning solvent in the cleaning and degreasing industry, and as an electrolyte in Li-Ion batteries.

In recent years, companies are focusing on developing new materials with high purity levels at competitive prices. Propylene carbonate is utilized as a long-lasting and ‘green’ alternative for various chemical industrial solvents.

While due to its lower vapor pressure and negligible photochemical reactivity it is an effective substitute for toluene, acetone, NMP, and methyl chloride. Such aforementioned properties of propylene carbonate are expected to increase consumption concerning environmental regulations.

The worldwide propylene carbonate market is being driven by factors such as increased usage of propylene carbonate in industrial processes as solvents, increased demand for paints & coatings, personal care.

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Also, growing usage as a cleaning solvent in gas treating and petrochemical applications to boost the market. Propylene carbonate is extensively used in lithium-ion batteries to improve polarity by forming a solvation shell around lithium ions. It is also used in the production of cosmetics like lipsticks, mascara, eye shadow, and other similar items.

Regionally, the market is anticipated to be dominated by East Asia, which is expected to continue in the future evaluation period. Backed by the aforementioned factors, the global propylene carbonate market is projected to top US$ 463.7 Mn by the end of 2032.

“Over the forecasted period, sales of propylene carbonates are expected to be driven by the increased utilization in Li-ion batteries and paints & coatings. Meanwhile, propylene carbonate is environmentally friendly and has the potential to effectively replace other hazardous chemical solvents,” says an FMI analyst.

Key Takeaways:

• By product form, demand for aqueous propylene carbonate is expected to surge at a 4% CAGR over the forecast period.
• The lithium-ion batteries & electronics segment is anticipated to grow at 7.5% CAGR during the forecasted period.
• The personal care & cosmetics segment of the propylene carbonate market is anticipated to grow at a 7% CAGR through 2032.
• The propylene carbonate market in the U.S. is anticipated to reach 6% CAGR by the end of 2032.
• China will emerge as the most lucrative propylene carbonate market, with sales growing at a 2% CAGR over the forecast period

Competitive Landscape         

Key market participants in the global Propylene Carbonate market elaborated in the report include BASF SE, Huntsman International LLC., LyondellBasell Industries Holdings B.V., Shandong Shida Shenghua Chemical Group Co., Ltd., Linyi Evergreen Chemical Co., Ltd, SMC – Global and others are the leading players in the market

Key players operating in the global propylene carbonate market are focusing on increasing the utilization of propylene carbonate in paints & coating, personal care & cosmetics industries. However, some key players are focused to provide ultrapure propylene carbonate for li-ion batteries.

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More Insights into the Propylene Carbonate Market Report

In its latest report, FMI offers an unbiased analysis of the global Propylene Carbonate market, providing historical data from 2016 to 2020 and forecast statistics for the period 2022-2032. To understand the global market potential, its growth, and scope, the market is segmented based on Form (Aqueous and Pellet), By Application (Paints & Coatings, Cleaning & Degreasing, Personal Care & Cosmetics, Textile Dyeing, Lithium-Ion Batteries & Electronics, & Others) across six regions (North America, Latin America, Europe, East Asia, South Asia Pacific, And Middle East & Africa)

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will 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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The global wood preservative chemicals & coatings active ingredients market stands at US$ 218.5 Mn as of now and is expected to reach US$ 320.3 Mn by the year 2032 at a CAGR of 3.9% between 2022 and 2032.

Wood preservation chemicals, as the name suggests, render protection against fungi and insets that attack the wooden surface. There are several kinds of active ingredients used in wood preservative chemicals and coatings – like inorganic and organic ingredients.

Wood preservative chemicals & coatings active ingredients do improvise on wood’s life span by keeping it away from the environmental factors like UV rays, mechanical abrasion, and household chemical attacks.

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Indoor as well as outdoor applications are inclined towards wood-based products owing to the aesthetics revolving around them. As such, the requirements of wood-based products are expected to increase in residential buildings, educational institutions, hospitals, and offices.

Furniture vertical is expanding at a rapid pace all across the US, which is expected to catalyze the wood preservative chemicals & coatings active ingredients market in the forecast period. The US Census Bureau has stated that more than 87K establishments record ~US$ 120 Mn every single year and furniture industry has turned out to be worth US$ 30 Bn. As of the year 2019, furniture and furnishing store sales market was worth ~US$ 9 Bn.

Infrastructure expansion projects are witnessing a rising demand for treated wood due to inevitability of protection of furniture against insects and fungi. This is another factor driving the wood preservative chemicals & coatings active ingredients market.

Also, water-borne coatings are being increasingly used in Canada and the US. Plus, rising awareness regarding advantages of the environmentally-friendly products like wood is expected to take the entire wood preservative chemicals & coatings active ingredients market by storm in the near future.

At the same time, the fact that developed economies like France, Germany, and the US are subject to altering environmental rules as well as regulations with regards to wood preservative chemicals and coatings active ingredients can’t be ignored. Along these lines, Biocidal Products Regulation (BPR), CLP (Classification, Labelling and Packaging), REACH, and VOC’s are restraining the market. It has also been observed that wood preservative chemicals and coatings active ingredients release toxic odor, which is hazardous for animals as well as humans. These active ingredients also do not render any protection against tough weather conditions. This is another factor hindering the market. Future Market Insights has, with the help of its team of analysts and consultants, entailed these findings with insights in its latest market study entitled “Wood Preservative Chemicals & Coatings Active Ingredients Market”.

Key Takeaways from Wood Preservative Chemicals & Coatings Active Ingredients Market

• The US holds 17.3% of the overall market share and the status quo is expected to remain the same even in the forecast period due to consistent demand for water-borne coatings.
• The Asia-Pacific is expected to move at a significant pace in the wood preservative chemicals & coatings market due to rapid expansion in Japan, India, and China.

“Demand for eco-friendly products of décor to keep the hopes high for wood preservative chemicals & coatings active ingredients market”, says an analyst from Future Market Insights.

Competitive Landscape

• Lanxess AG, in January 2022, decided upon expanding the active ingredient preservative’s – preventol CMK’s capacity by 50%. It looks forward to invest $1 Mn Euros in its site based out of Krefeld-Uerdingen (Germany).
• Lonza Group AG, in March 2019, tabled 2 novel products as a part of its Proxel range – Proxel LSR and Proxel HBC.

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What does the Report Cover?

• Future Market Insights offers an exclusive perspective and various real-time insights on the wood preservative chemicals & coatings active ingredients market in its latest study, presenting historical demand assessment of 2016 – 2021 and projections for 2022 – 2032.
• The research study is based on active ingredient type (inorganic and organic (azoles (propiconazole, tebuconazole, cyproconazole, and likewise), and others), and by use class (UC ½ – indoor, UC 3 – outdoor, UC 4 – outdoor with ground contact, and UC 5 – marine).

About Future Market Insights (FMI)

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

Contact:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
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For Sales Enquiries: sales@futuremarketinsights.com