Hydroxypropyl Distarch Phosphate Market size is projected to total US$ 2.6 Bn by 2029 – FMI

The global Hydroxypropyl Distarch Phosphate Market was valued at ~ US$ 1.8 Bn in 2022, and is expected to propagate at a CAGR of ~ 5.8% during the forecast period of 2022-2029. This growth is prominently driven by the growing consumption of hydroxypropyl distarch phosphate in the several end use industries such as food, cosmetics, and pharmaceutical.

A new market research report by Future Market Insights on the hydroxypropyl distarch phosphate market includes global industry analysis 2014–2021 and opportunity assessment 2022–2029. The report examines the hydroxypropyl distarch phosphate market and provides key perceptions for the forecast period of 2022-2029.

Attribute Details
Hydroxypropyl Distarch Phosphate Market Estimated Size 2022 US$ 1.8 Bn
Hydroxypropyl Distarch Phosphate Market Value-based CAGR (2022-2029) ~5.8%
Hydroxypropyl Distarch Phosphate Market Size in Projected 2029 US$ 2.6 Bn

As per findings of the report, the global hydroxypropyl distarch phosphate market is projected to witness substantial growth throughout the forecast period, owing to numerous driving factors such as intensifying demand for processed food globally.

According to FMI’s analysis, key manufacturers are focusing on identifying and leveraging the white spaces in the application of hydroxypropyl distarch phosphate. Additionally, market consolidation in developing Asian countries is likely to remain a key to gaining distinct competitive advantage, due to significant growth of cosmetic industry in the region.

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Rising East Asia Market Attractiveness

In terms of value, East Asia is projected to consigned lucrative growth in the global hydroxypropyl distarch phosphate market during the forecast period.  East Asia is projected to account for dominating region in the global hydroxypropyl distarch phosphate market. Large population and increasing spending power of the residents is driving the processed food market in Asian countries. High GDP growth of India and China has been witnessed in the last few years and is expected to continue during the forecast period.

Moreover, the high growth economies are creating opportunities for food industry to grow at a good pace. Growth in food consumption will ultimately reflect the growth in food additives. Hydroxypropyl distarch phosphate is consumed in processed food in significant quantity. Therefore, high growth in processed food industry is expected to bolster the growth in demand for hydroxypropyl distarch phosphate

Food Industry to Remain as Significant Consumer of Hydroxypropyl Distarch Phosphate

Globally, the Hydroxypropyl Distarch Phosphate market has been segmented on the basis of grade, application, End-Use and regions.

  • On the basis of grade, the global hydroxypropyl distarch phosphate market is segmented into Halal and Vegan. Halal segment is expected to account for more than 3/4th share of the total hydroxypropyl distarch phosphate market value throughout the forecast period. Increasing focus of consumer on various standards and certification regarding halal and vegan are expected to drive the global hydroxypropyl distarch phosphate market growth in the upcoming years
  • On the basis of application, the global hydroxypropyl distarch phosphate market is segmented into anticaking agent, emulsifier, stabilizer, and thickener. Thickener segment is expected to account for prominent share in the global hydroxypropyl distarch phosphate market throughout the forecast period. Increasing demand for thickener in the processed food is projected to boost the demand for hydroxypropyl distarch phosphate in the food industry across the globe
  • On the basis of end-use, the global hydroxypropyl distarch phosphate market is segmented into food, cosmetics, and pharmaceutical. Food industry is projected to witness lucrative growth and dominating segment in the global hydroxypropyl distarch phosphate market throughout the forecast period. Increased demand for hydroxypropyl distarch phosphate has been observed in industrial applications in cosmetics, pharmaceutical and food & beverages industries. Hydroxypropyl distarch phosphates are mostly used as thickener, emulsifier and stabilizer in these industry.

Competition Landscape

The global hydroxypropyl distarch phosphate market is highly fragmented with the presence of many small and large scale manufacturers. Most of these manufacturers are focusing on the capacity expansion strategy to produce hydroxypropyl starch phosphate for skin care and cosmetics brands. Meanwhile, some of the other key players are aiming to engage in partnerships and joint ventures to co-develop eco-friendly ingredients for the food and beverage industry worldwide.

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For instance,

  • In July 2021, Nivea, a personal care brand that specializes in skin and body-care based in Germany, launched WonderBAR Sensitive. It is soap-free, pH optimized and is capable of deep cleaning without stripping the skin. It is formulated with sustainable and natural ingredients, such as distarch phosphate, citric acid, vitis vinifera seed oil, glyceryl oleate, and polyglyceryl-6 caprylate.
  • In October 2019, Cream Silk, a manufacturer of a wide range of hair care products and a subsidiary of Unilever Philippines, Inc., launched its new Cream Silk Hydra Fresh range. It is capable of hydrating every hair strand without the sticky or heavy feel. The new range contains two conditioners, namely, Fresh & Bouncy and Fresh & Hydrated. Both products include hydroxypropyl starch phosphate, glycerin, phenoxyethanol, and helianthus annuus (sunflower) seed oil.

Hydroxypropyl Distarch Phosphate Market by Category

Product Grade:

  • Halal
  • Vegan

Application:

  • Anticaking Agent
  • Emulsifier
  • Stabilizer
  • Thickener

End Use:

  • Food
  • Cosmetics
  • Pharmaceutical

Region:

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

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Technology Roadmap

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

to be continued…!

About FMI

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/hydroxypropyl-distarch-phosphate-market
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Drag Reducing Agent Market estimated to total US$ 937.3 Mn by 2029 – FMI

Future Market Insights (FMI) reveals that the global drag reducing agent market is anticipated to create an incremental opportunity of US$ 2.53 Bn by 2022, exhibiting growth at 5.8% CAGR over the forecast period 2022-2029.

A new market research report by Future Market Insights on the drag reducing agent market includes global industry analysis 2014 – 2021 and opportunity assessment 2022 – 2029.

As per FMI, North America is projected to continue dominating the global market, accounting for nearly 48.9% of the total drag reducing agents sales in 2022. The oil & gas segment is expected to register robust growth in the market through 2029.

Apart from the increasing oil & gas production activities across geographies, the growth is majorly driven by the increasing consumption of drag reducing agent for transportation and logistical applications in pipeline for crude oil, refined products, heavy, asphaltic crude and water transportation purposes in oil & gas, chemicals & petrochemicals, power & energy, agriculture among other industries. FMI expects a promising growth outlook for the market over the course of upcoming decade.

North America’s Market Attractiveness Rising

Regions such as North America and Europe are expected to hold prominent market shares in terms of value. However, the North America market is expected to project lucrative growth in the global drag reducing agent market over the forecast period of 2022-2029.

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Furthermore, the effects of macroeconomic factors such as growth in the GDP, growing chemical industry, world oil & gas consumption, crude oil & natural gas production, and rapid industrialization, the confidence of investors and investments in oil & gas projects have increased significantly in North America and other regions as well. As a consequence, the oil field industry of North America, Europe and China has gained a significantly positive momentum over the past years, which has resulted in the growth of pipeline industry as there is a need for increasing distribution network for transportation and exploration of oil products.

Oil & Gas Industry to Remain as Key Consumer of Drag Reducing Agents

The global market of drag reducing agent has been segmented on the basis of different product types of drag reducing agent, their multiple applications, their end users and regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania and Middle East and Africa.

By Product type, the polymer type of drag reducing agent segment is expected to hold prominent value shares of the global drag reducing agent market. Polymer drag reducing agents are easily available and compatible with a lot of pipeline exploration machineries, it also falls under bio degradable agents and is also cost effective. On the basis of application, the crude oil and refined products segment are expected to consume majority share of the global drag reducing agent market value.

Drag Reducing Agent Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global drag reducing agent market. Some of the examples of key players in the global drag reducing agent market are Baker Hughes, Liquid Power Specialty Products Inc. (Berkshire Hathaway), The China National Petroleum Corporation, Innospec Incorporated, KMG Chemicals Inc. and Zoranoc Oilfield Chemical Co., Ltd among others.

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The global drag reducing agent market is significantly consolidated with some players holding prominent shares of the market. These players are offering drag reducing agent under their popular brands such as LiquidPower®, ExtremePower®, and FLO®, among others.

Key Segment

By Product Type

  • Polymer
  • Surfactant
  • Suspension/ Suspended Solids

By Application

  • Crude Oil
  • Multi-phase Liquid
  • Refined Products
  • Heavy, Asphaltic Crude
  • Water Transportation

By End Use

  • Oil & Gas
  • Chemicals & Petrochemicals
  • Power & Energy
  • Agriculture
  • Others

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Taxonomy

2.2. Market Definition

3. Key Market Trends

4. Key Success Factors

to be continued…!

About FMI

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/drag-reducing-agents-market
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Two-Wheeler Lubricants Market expected to grow at a CAGR of more than 4.3% during the forecast period (2022-2028)

Future Market Insights (FMI), in its new publication, offers actionable insights on future prospects of the ‘Two-Wheeler Lubricants Market’ for the period between 2022 and 2028. As per the study, the global sales of two-wheeler lubricants reached ~2,300 KT, equaling revenues worth US$ 16.94 Bn in 2022.

Attribute Details
Two-wheeler lubricants Market Size Value in 2013 US$ 11.92 Bn
Two-wheeler lubricants Market Size Value in 2022 US$ 16.94 Bn
Two-wheeler lubricants Market Size Value in 2028 US$ 21.84 Bn
Two-wheeler lubricants Market Historical CAGR (2013-2021) 3.9%
Two-wheeler lubricants Market CAGR (2022-2028) 4.3%

The emergence of two-wheelers as a primary mode of transportation in developing countries has been weighing on the same scale as the rapid adoption of two-wheeler lubricants. However, growing prominence of electric vehicles, in the view of increasing consumer interest towards a carbon-free future via zero-emission transport, may pose as a potential threat to the market growth.

Meeting ever-tightening VOC emission limits while maintaining the durability of the vehicle component has been a hard balance to strike for the two-wheeler lubricants market players. FMI study finds that manufacturers are heavily investing in the development of additive technology that not only ensures the delivery of required fuel economy but also maintains high friction, hardware protection, and durability.

Synthetic Oil to Emerge as the Preferred Option

The study opines that two-wheeler lubricants market is likely to record a volume CAGR of 4.3% during the forecast period. While mineral oils continue to account for relatively high sales, manufacturers are focusing on increasing the production of synthetic and semi-synthetic oils to capitalize on growing demand for premium synthetic two-wheeler lubricants. Considering the incorporation of advanced engine technologies in modern vehicles along with greater consumer awareness regarding the performance advantages of synthetic lubricants, manufacturers are specifically focused on non-mineral oils.

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Moreover, a shift towards premiumization of products for increased warranty and extended oil drain interval is likely to necessitate the increased adoption of synthetic content in two-wheeler lubricants. Further, to address growing greener fuels and sustainable requirements, a number of market players are targeted towards the development of effective bio-based lubricants.

According to the study, the use of two-wheeler lubricants in motorcycles, especially mopeds and standard varieties, has been on a higher side as compared to scooters. With the emergence of next-gen motorcycles that facilitate efficient clutch operation and require multi-functional lubricants, manufactures are focusing on product innovations and new developments to deliver optimal ride experience.

The study finds that aftermarket sales of two-wheeler lubricants account for relatively high share than OEM sales, and are expected to record a volume Y-o-Y growth of 4.3% in 2022 over 2021. The need for regular and periodic servicing for two-wheelers for their smooth functioning and durability, even in poor road infrastructure, will continue to drive the aftermarket sales of two-wheeler lubricants.

As per the study, developing countries in Asia Pacific, Latin America, and Africa continue to offer greater opportunities due to increased mobility and rising disposable income in these regions, which are directly correlated to the successful penetration of two-wheelers. Although North America and Europe two-wheeler lubricants markets are not likely to show dramatic growth in terms of volume, FMI study finds that penetration of synthetic or premium lubricants in these regions will be high in the future.

According to the study, one of the key growth drivers of the two-wheeler lubricants market is lack of public transportation in rural areas which has led to a surge in the adoption of two-wheelers. Although motorcycle sales have shown a sharp decline in developed nations over the years, rising interest in motorcycle riding for recreational purposes have contributed to the soaring need for two-wheeler lubricants in these nations.

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The business asset highlights the competitive landscape in two-wheelers lubricants market by assessing business development strategies of key players. The market shows a fair level of consolidation, with leading stakeholders placing their strategic focus on product innovations and firmer geographical footprint.

Two-Wheeler Lubricants Market by Category

By Product:

  • Synthetic Oils
  • Semi-Synthetic Oils
  • Mineral Oils
  • Bio-Based Lubricants
  • Greases

By Application:

  • Engine Oil
  • Suspension Oil
  • Break Oil
  • Chain Oil

By Two-Wheeler Type:

  • Motorcycle
    • Standard
    • Cruiser
    • Sports
    • Mopeds
  • Scooter
    • Standard
    • Maxi
    • Enclosed
    • Three-Wheeled

By Sales Channel:

  • OEM
  • Aftermarket

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • MEA

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Table Of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Taxonomy

2.2. Market Definition

3. Global Two Wheeler Lubricants Market Demand Analysis 2014–2021 and Forecast, 2022–2029

3.1. Historical Market Volume and Value Analysis, 2014–2021

3.2. Current and Future Market Volume and Value Projections, 2022–2029

3.3. Y-o-Y Growth Trend Analysis

4. Global Two Wheeler Lubricants Market – Pricing Analysis

4.1. Global Average Pricing Analysis Benchmark

5. Market Background

to be continued…!

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About FMI

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/two-wheeler-lubricants-market
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Potassium Formate Market valuation is set to top US$ 952.3 Mn by 2029

Future Market Insights’ new market research report opines that global potassium formate market is likely to witness significant growth during 2019 to 2029 on back of growing applications in drilling fluids, de-icing, and heating fluids. Valued at nearly US$ 513 Mn in 2018, global revenues are likely to grow at a CAGR of 4.1%, during the forecast period 2019 to 2029.

Demand has also been positively influenced by growing preference for environmentally-sustainable products, especially in drilling fluids, de-icing, and heating fluids. The report opines that a combination of macroeconomic and industry-specific factors will drive potassium format demand during the course of the forecast period.

Attribute Details
Potassium Formate Market Size 2022 US$ 716.4 Mn
Potassium Formate Market Value-based CAGR (2022-2029) ~4.2%
Potassium Formate Market Projected Size in 2029 US$ 952.3 Mn

South Asia and East Asia Continue to be Lucrative

According to the study, new oil and gas drilling projects in Asia are fuelling demand for drilling fluids, which in turn, is creating sustained opportunities for stakeholders across the potassium formate value chain. Potassium formate is gaining traction in oil & gas sector, owing to its favorable properties and environmental feasibility. South Asia and East Asia collectively accounted for over 26% of the global potassium formate market current, and the authors of the report do not see the status quo changing anytime soon. The broader push by governments in the region, and over-reliance on oil economy is likely to create sustained opportunities for potassium formate market players throughout the forecast period.

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Drilling Fluid Likely to Remain a Key Application

The potassium formate market has been segmented on the basis of form, application, and region.

  • Brine (liquid) form of potassium formate accounted for major share of overall potassium formate demand, in 2018. Easy handling and storage of brines and its ease of use due to its liquid form, can be attributed to its large share in the overall potassium formate market
  • Drilling fluid application is projected to lead the application segment of the potassium formate market. Potassium formate is used in drilling fluids and is being more popular due to its compatibility and favorable properties. Traditional salts are being replaced by potassium formate in various applications including drilling fluid application.
  • North America and Europe led the demand for potassium formate market in 2018. Presence of large oil & gas industry and also more snow falling countries in these regions, is attributed for its larger share. However, the growth is expected from Asian countries during the forecast period.

Potassium Formate Market: Vendor Insights

The report highlights the key market players that are prominent and have established their position in the global potassium formate market. The examples of the key players in this value chain of potassium formate are BASF, ADDCON, Perstorp, Cabot, Evonik, Honeywell and ICL among others. The market players are providing premium customer services, technical support and an extensive range of potassium formate products in order to serve small to large customers across different industries and further expand their market presence by adapting new strategies including new product development and joint venture. The players are strategically focusing on building new partnerships and a strong client base. Some of the leading players are pushing the potassium formate sale in de-icing application due to its environmental feasibility and favorable properties.

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Potassium Formate Market By Category

Form:

  • Brine (Liquid)
  • Powder (Solid)

Application:

  • Drilling Fluid
  • De-icing
  • Heat Transfer Fluid
  • Others (fertilizer, feed)

Region:

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

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Table Of Content

    1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

    2. Market Overview

2.1. Market Taxonomy

2.2. Market Definition

    3. Market Background

    4. Value Chain Analysis

    5. Forecast Factors – Relevance & Impact Analysis  

    6. Market Dynamics

to be continued…!

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About FMI

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/potassium-formate-market
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Low dosage Hydrate Inhibitors Market size is projected to total US$ 120.3 Mn by 2029

Future Market Insights (FMI) recently published a new research study titled – ‘Low Dosage Hydrate Inhibitors Market: Global Industry Analysis 2013–2021 and Opportunity Assessment 2022–2029′. The report has projected the global low dosage hydrate inhibitors market for an impressive 8.1% CAGR between 2022 and 2029. Global consumption of low dosage inhibitors is likely to increase at a robust pace over the course of forthcoming years.

Attribute Details
Low Dosage Hydrate Inhibitors Market Estimated Size in 2022 US $ 75.3 Mn
Low Dosage Hydrate Inhibitors Market Value-based CAGR (2022-2029) ~8.1%
Low Dosage Hydrate Inhibitors Market Projected Size in 2029 US $ 120.3 Mn

Application of low dosage inhibitors will be particularly high in the offshore terrain segment, according to FMI’s analysis. Estimated to achieve a massive incremental opportunity through 2028, more than 90% of overall consumption of low dosage hydrate inhibitors is expected to be registered by offshore terrain.

Anti-agglomerate Inhibitors Hold Potential to Rise above Kinetic Hydrate Inhibitors

A majority of leading manufacturers have been accelerating the shift from the conventional thermodynamic inhibitors to low dosage hydrate inhibitors in an effort to achieve significant savings in terms of maintenance costs. Increasing acceptance of low dosage hydrate inhibitors will be further strengthened by cost benefit related to flow assurance and flow maintenance, storage, logistics, and pumping among others.

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In addition, the BOD (biological oxygen demand) and COD (chemical oxygen demand) associated with low dosage hydrate inhibitors is significantly lesser than that with thermodynamic inhibitors. According to FMI’s study, superior sustainability quotient will continue to place low dosage hydrate inhibitors superior to thermodynamic inhibitors. In line with the increasing quest of sustainability, anti-agglomerate type of low dosage hydrate inhibitors, which are more degradable than kinetic hydrate inhibitors, will remain the most preferred compound in the global low dosage hydrate inhibitors market.

China to Remain Dominant Producer & Consumer of Low Dosage Hydrate Inhibitors

China is expected to lead the overall low dosage hydrate inhibitors’ consumption, retaining the title of the largest producer and consumer of low dosage hydrate inhibitors, globally. North America accounted for more than 16% of the total revenues attained by global low dosage hydrate inhibitors in 2018. The report envisages that North America will remain among the most important markets for low dosage hydrate inhibitors throughout the period of study. Furthermore, this growth is primarily attributed to the region’s primacy in offshore gas production activities.

Although the report reaffirms supremacy of China and North America in the low dosage hydrate inhibitors landscape, the flourishing manufacturing scene in fast-developing regional pockets such as East Asia, MEA, and Latin America prompt at the speeding revenue growth of low dosage hydrate inhibitors.

Consistently growing demand for low dosage hydrate inhibitors from emerging markets such as India and ASEAN countries is expected to create ample opportunities for the manufacturers of low dosage hydrate inhibitors in coming years. New offshore natural gas exploration projects are further expected to boost the consumption levels of low dosage hydrate inhibitors in MEA, through 2028.

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Vendor Insights: Global Low Dosage Hydrate Inhibitors Market

The report has covered detailed strategic profiles of some of the top companies operating in the global low dosage hydrate inhibitors market, such as BASF SE, Schlumberger Limited, Arkema Group, Baker Hughes Incorporated (BGHE), Clariant AG, Ecolab Inc., Evonik Industries AG, Force Chem Technologies LLC, Halliburton Co., and Gas Hydrate LLC, among others.

Low Dosage Hydrate Inhibitors Market by Category

Product Type:

  • Anti-agglomerate (AA) Inhibitors
  • Kinetic Hydrate Inhibitors (KHIs)

Terrain Type:

  • Onshore
  • Offshore

Region:

  • North America
  • Latin America
  • Europe
  • Oceania
  • East Asia
  • South Asia
  • Middle East & Africa (MEA)

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Table Of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Technology Roadmap

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Taxonomy

2.2. Market Definition

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Development Trends

3.3. Porter’s Analysis

4. Key Success Factors

4.1. Product Adoption Rate

4.2. Technology Adoption Rate

4.3. Strategic Promotional Strategies

5. Market Background

to be continued…!

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About FMI

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/low-dosage-hydrate-inhibitors-market
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Organic Pigments Market to reach a high of US$ 9824.9 Million by the year 2032

Pigments, mainly used for coloring paint, ink, plastic, fiber and other materials, are basically organic and inorganic particulate solids, which alter appearance of the substrate on which they’re applied by selective absorption and/ or by scattering of light.

Organic Pigments Market forecasted to registering 4.5% CAGR during the forecast period (2022-2032) and projected to reach US$ 9824.9 Million by 2032. Organic pigments are carbon based particulate solids which can be prepared by natural and synthetic source of production. The natural organic pigments are derived from plants and animals while synthetic organic pigments are carbon based and are often derived from petroleum compounds.

Report Attribute Details
Organic Pigments Market Value (2022) US$ 5862 Million
Organic Pigments Market Anticipated Value (2032) US$ 9824.9 Million
Organic Pigments Projected Growth Rate (2022-2032) 4.5%

Organic pigments are used in the form of finely crushed powder for their use in coloring various products and in visual arts.

Rising demand of organic pigments from end-use industries such as textile, plastic etc. are expected to drive growth of the market over the coming years. The market for organic pigments is anticipated to record its highest growth in Asia-Pacific due to rise in number of textile industries.

Organic pigments are cost effective, non-toxic and possess good color strength, which makes them good choice for their use across various end-use sectors. Availability of organic pigments in various unique shades make them attractive for using in visual arts also.

Increasing consumption of organic pigments in various hi-tech applications such as opto-electronic display, photo-reprographics and optical data storage is expected to create significant growth opportunities over the forecast period of 2016-2026.

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Organic Pigments Market Dynamics

Major factors driving growth of the organic pigments market include their increasing use in plastic, paint, coatings and textile industries.

Moreover, upswing in number of textile industries and increasing demand of plastic products owing to various macro-economic factors is expected to boost the demand of organic pigments, in turn, fuelling the growth of global organic pigments market over the forecast period.

Unstable prices, various environmental regulations and limited availability of raw materials are some of the factors expected to impede the growth of global organic pigments market.

Manufacture of organic pigments with good light fastness property is gaining traction among global manufacturers.

Besides, developing countries such as China & India are shifting towards becoming the center of global organic pigments market, both from the demand and supply side. Regulatory environment, labor laws and wages in Asia Pacific are expected to remain major factors impacting this global market shift.

Moreover, owing to their ability to providing a wide color spectrum compared to their inorganic counterpart, organic pigments are expected to substitute inorganic pigments for some specific applications over the coming years.

Organic Pigments Market: Regional Outlook

Global organic pigments market is segmented into seven key regions namely North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA).

Upsurge in development of textile & plastic industries in Asia-pacific is expected to boost the demand of organic pigments market in the region by 2026 end.

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Organic Pigments Market: Key Players

Key players involved in the value chain of organic pigments market include BASF SE, Heubach India, DIC Corporation, Clariant, Lansco Colors, Sensient Technologies Corporation, Sun Chemical Corporation, Synthesia, Neochem Industries, Vibfast Pigments Pvt. Ltd., Neelikon Food Colors & Chemicals Ltd., Shanghai Road Dyestuffs & Chemicals Company Limited and others.

The report covers exhaustive analysis on

  • Market Segments
  • Market Dynamics
  • Market Size
  • Current Trends/Issues/Challenges
  • Key players

Regional analysis includes

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

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Key Segments in the Organic Pigments Market

By Source:

  • Synthetic
  • Natural

By Type:

  • Azo
  • Pthalocyanine
  • HPPs
  • Others

By Application:

  • Printing Inks
  • Paints and Coatings
  • Plastics

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • THING
  • Europe

About FMI

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/organic-pigments-market
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Middle East Paints and Coating Market expected to top a valuation of US$ 7,447.9 Mn by 2032

According to research conducted by Future Market Insights on the middle east paints and coatings market, demand for paints and coatings to reach a valuation of US$ 7,447.9 Mn by the end of the forecast period. The market has been significantly influenced by certain macro-economic and industrial factors including chemical industries development, growing construction sector, economic development, manufacturing sector, architectural sector development, and others.

In the oil & Gas industry paints and coatings industry helps in the protection of offshore and onshore rigs, in the onshore plant coating is used to protect Pipework, Jacket, Flare bloom, Living quarter, and Riser. The large Industrial & protective coatings market being created by the Middle Eastern oil and gas industry is particularly attractive to European, as well as North American and Japanese, coatings manufacturers because it requires global technical standards. In fact, its needs are even tougher because of the region’s climate which necessitates resistance against hot temperatures, UV rays, and potential abrasion from sand and dust.

Marine paints and coatings are utilized on a wide range of vessels, including freight and business ships. Marine polyurethane paints and coatings are utilized in business and recreation creates as well as on seaward designs, for example, big hauler stages, pipelines, oil apparatuses, and storage spaces. The growing marine industry is expected to boost the market for paints and coating in the middle east.

Moreover, In the architectural industry, household homes, and other construction projects, paints and coatings are widely employed for both interior and exterior applications. They are used to restyle and shield the exterior of the house from UV rays, soaking rain, and sweltering summer and winter temperatures (without fading, peeling away, and cracking the exteriors).

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Middle Eastern countries are one of the fastest growing markets for the construction industry due to the presence of fast-growing economies, which are witnessing increasing spending on residential, commercial as well as institutional construction markets. During the forecast period, all of the aforementioned elements are anticipated to drive the Middle-East paints and coatings market in the architectural sector.

“Consistently growing demand from end-use industries, particularly construction, oil and gas pipelines, and automotive is driving the demand for paints and coatings in the Middle East.,” said an analyst at FMI.

Key Takeaways from Paints and Coatings Market Study

  • The Middle East Paints and Coatings market is estimated to witness a growth forecast of 7% magnitude on a value basis.
  • Saudi Arabia and Egypt are expected to collectively hold around 35% of the overall market share.
  • Saudi Arabia’s Paints and Coatings market is estimated to create an incremental dollar opportunity of about US$ 759.2 Mn during the period between 2022 and 2032 in the global market.
  • Acrylic resin type production is expected to account for about more than half of the Paints and Coatings consumption in the Middle East region.

Competitive Landscape

The market of paints and coatings in the middle east is estimated to be a consolidated market, where key players are expected to account for a key share of the market. Some of the top manufacturers include Jotun Paint, Sigma Paint, Al Jazeera Paint, SAK Coat., The PPG Group, Sherwin-Williams, Nippon Paint ME FZE, Asian Paints, Akzo Nobel, Middle East Paints Company, Global Paints FZC, Kansai Paints, Henkel Jebel Ali FZCO, BASF SE, Arkema Group, DuPont de Nemours, Inc.: Cabot Corporation, Fosroc are some of the manufacturers of Paints and Coatings profiled in the full version of the report.

Key players are focusing on increasing their production capacity to enhance their market footprint all over the globe and to gain traction in the market. Further certain key players are focusing on investing in the latest Paints and Coatings products production owing to a significant increase in the demand from the architectural industry.

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For instance, • August 8, 2022, Jazeera Paints, the leading manufacturer of paints, colors, and construction solutions in the Middle East and North Africa opened its sixth showroom in Iraq. The new showroom is close to other towns such as Qaladze, Dukan, Chwar Qwrna, Sangasar, and Hajiawa, and will also serve their needs for high-quality paints and construction.

Paints and Coating Market Segmentation

By Resin Type:

  • Acrylic
    • Pure Acrylic
    • Styrene
    • Vinyl
  • Alkyd
  • Polyurethane
  • Epoxy
  • Polyester
  • Others

By Technology:

  • Water-borne
  • Solvent-borne
  • Powder Coatings

By End-Use:

  • Architecture
    • Interior
    • Exterior
  • Automotive & Transportation
  • Protective Coating
  • Wood
  • Refinish
  • Coil Coating
  • Packaging
  • Marine
  • General Industrial

About FMI

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

Contact Us:

Future Market Insights Inc.
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T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/middle-east-paints-and-coating-market
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Naphthol AS-IRG Market anticipated to be valued at US$ 253.5 Million from 2022 to 2032

Naphthol AS-IRG is used as intermediate for the manufacture of organic pigments, pigment yellow 83 and azoic dye. Naphthol AS-IRG also known as 2′,5′-DIMETHOXY-4′-CHLORO-ACETOACETANILIDE its molecular formula is C12H14O4CLN. According to the latest research, the demand for Naphthol AS-IRG is anticipated to grow with a compelling growth rate of about 5.9% in between the coming assessment period of 2022-2032.

Data Points Key Statistics
Growth Rate (2016-2021) 4.6% CAGR
Projected Growth Rate (2022-2032) 5.9% CAGR
Expected Market Value (2022) US$ 142.9 Million
Anticipated Forecast Value (2032) US$ 253.5 Million

Azoic dyes are used for producing bright shade of color such as orange, red, navy blue, and black color. Acetoacetanilide is a co-promoter for unsaturated polyesters and is used in agricultural chemicals, coating materials, dyes, and pigments. Agrochemicals, dyes, pigments, pharmaceuticals, including vitamins, and stabilizer for PVC and polyester are among the many uses for diketene derivatives.

Who are the Key Manufacturers and Suppliers?

Some of the leading manufacturers and suppliers include

  • Vipul organics
  • Qingdao Longyuntong Corporation
  • Jiangsu Tianbo Chemical Co.Ltd.
  • PRAVIN DYECHEM PVT. LTD
  • Laxmi Organic Industries Limited
  • and many others.

The Naphthol AS-IRG market is growing steadily, and with the growing number of opportunities key players are also focusing on acquisitions of small and medium size players and collaborations with other market participants either for the R&D or to manufacture the product at a large scale. Significant growth of the pigments industry and organic and inorganic industry in countries such as China and India drive the industrial sector market in the Asian-pacific region.

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What is Driving Demand for Naphthol AS-IRG?

The Major factors driving the market are the growing demands coming from the dyes and pigments industry. Naphthol AS-IRG suitable for textile dyeing and printing, pigment manufacturing, and tie and dye Industries. Some of the phenolic chemicals manufactured are used as key ingredients for various dye intermediates and pigments used in synthesis of active pharmaceutical ingredients such as Medodrine. It is also used as an intermediate for plastic additives and dyes (yellow pigment).

Because of the expanding application in the building and paint sectors, the inorganic pigments market is likely to rise significantly. The inorganic pigments market is driven by urbanisation and increasing development in construction activities, particularly in emerging nations. Furthermore, the increased use of inorganic pigments as colorants in the plastics industry is fueling market expansion.

Growth of Azo Pigments industry boost the market and increasing demand of Naphthol AS-IRG

One of the important segments for using the Naphthol AS-IRG is in the field of azo pigments industry. The worldwide azo pigments market has been developing due to increased demand for azo pigments in various industries. Azo pigments are widely used in plastics, paints and varnishes, textiles, rubbers, food, and printing inks. Since the last few years, the market has been gradually growing.

Plastics are one of the most common uses for azo pigments. Plastic is used in the manufacture of a wide range of products nowadays. Because of the physical qualities of azo pigments, their demand in the plastic industry is significant. The worldwide azo pigments market is benefiting from the rapid growth of the plastics sector.

Paints are another important industry in which azo pigments are widely used. Azo pigments are utilised in both artistic and commercial paint applications. With the growing need for dyes and pigments, the Naphthol AS-IRG market is expanding rapidly.

APAC Naphthol AS-IRG Market Outlook

In terms of producing and supplying organic pigments, Asia Pacific is the largest market. The market has grown as a result of rising demand for organic pigments and government regulations requiring the use of eco-friendly products. This is the strongest regional market for industries like textiles, plastics, and construction, thus organic pigment makers are focusing their efforts here.

Because of the low manufacturing costs and opportunity to serve local emerging markets, businesses are also transferring their production base to APAC. The biggest organic pigments markets in the region include China, Japan, and India. In Asia Pacific, China is the largest producer and consumer of organic pigments. China and India are large producers of azo pigments and they are expected to dominate the market in the region over the forecast period.

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Europe and North America Market Outlook

North America and Europe are seeing increased demand for low-carbon products. The use of azo pigments in foods has been permitted by governments around the region. North America and Europe are expected to benefit from this.

Furthermore, the rapid growth of the packaging industry, combined with the increasing usage of organic pigments in food and commercial packaging applications, as well as increased demand for the product in paint and printing ink applications, is likely to boost regional market growth.

The Naphthol AS-IRG 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.

Key Segments Profiled in the Naphthol AS-IRG Industry Survey

By Application:

  • Wood Preservatives
  • Dyes & Pigments
  • Azoic Dyes
  • Other Applications

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

to be continued…!

About FMI

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/naphthol-as-irg-market
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Microwave Absorbing Materials Market to receive overwhelming hike USD 634.6 Million in Revenues by 2032

The global blood warmer devices market is expected to enjoy a valuation of US$ 344.5 Mn in the year 2022, and further expand at a CAGR rate of 6.3% to reach a valuation of ~US$ 634.6 Mn by the year. Microwave absorbing materials absorb radio waves, micro waves & electromagnetic waves of wide frequency range — from 100 MHz to a millimeter or a micron wave. These materials are commonly used in stealth technology for air-space, marine & military warfare, and signal transmission & reception process. These materials also find applications as a shield from high intensity electromagnetic fields/waves generated during medical diagnostics such as MRI, CAT scans.

Data Points Key Statistics
Microwave Absorbing Materials Market Size (2022) US$ 344.5 Million
Microwave Absorbing Materials Market Revenue Forecast (2032) US$ 634.6 Million
Microwave Absorbing Materials Market Growth Rate (2022-2032) 6.3% CAGR
North America Market Share 28.3%

The properties of microwave absorbing materials include wave reflection reduction, resonance cavity reduction, and null echo. Finished products made using microwave absorbing materials find applications across defense, telecommunication, core & applied electronics industry.

Microwave Absorbing Materials Market: Segmentation & Trends

The global microwave absorbing materials market is skilled-labour-intensive with focus on new product & application developments, and diversification of existing product types a key focus area for manufacturers. The customer’s requirements range from a standard prototype to a customised one. Concept marketing and product marketing are the key go-to marketing strategies for key players in this region.

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The global microwave absorbing market has seen many acquisitions by large-scale enterprises, which has been a synergy of supporting capital & expertise in technical know-how. Industrial exhibitions, trade fairs, defense expo are the common platforms of marketing & promotion for the value & supply chain players. The market is oligopoly type, which consists of few specialised manufacturers — backed by regional distributors & suppliers with defense & telecommunication — as the major consumer markets.

Microwave Absorbing Materials Market Dynamics

The major producers of microwave absorbing materials are located in North America & other OECD group Nations. U.S. defense sector is a major consumer & one of the key drivers for the market’s evolution and growth. The electronic component manufacturing sector in the Asia Pacific region is likely to witness next wave of development over the coming five to six years, creating opportunities for microwave absorbing material manufacturers.

Microwave Absorbing Materials Market: Drivers and Restraints

Increase in spending on defense systems and sustained demand for finished electronic goods will continue to fuel the growth of the microwave absorbing materials market during the forecast period, 2016-2026. On the other hand, taxes & cess imposed on raw materials & finished goods of microwave absorbents and unfavourable export & import policies can act as a deterrent.

Microwave Absorbing Materials Industry: Key Players

  • Lairdtech
  • ESCO Technologies Corporation
  • ARC Technologies Inc.
  • Western Rubber & Supply Inc.
  • Cuming Microwave
  • Mast Technologies
  • Thorndike Corporation
  • Parker Hannifin Corp.
  • Panashield
  • Modus Advanced Inc.

The research report presents a comprehensive assessment of the microwave absorbing materials 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 categories, such as market segments, geographies, types and applications.

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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.

Key Segments of Microwave Absorbing Materials Industry Survey

By Types:

  • Microwave Absorbing Films & Elastomers
  • Microwave Absorbing Foams
  • Military Specialty Microwave Absorbing Materials
  • Custom Magnetic Microwave Absorbers
  • Molded, Cast Liquids and Coatings-based Microwave Absorbing Materials

By Application:

  • Military & Defense
  • Automation
  • Electronics & Telecommunications
  • Chemicals
  • Textiles
  • Healthcare

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

to be continued…!

About FMI

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/microwave-absorbing-materials-market
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Weight Management Market is estimated to garner US$ 725.6 Billion from 2022 to 2032 | FMI

[307 Pages Report] The global weight management market is expected to secure US$ 725.6 Billion while recording a CAGR of 7.7% during the forecast period from 2022 to 2032, according to a recently published market research report by Future Market Insights. Increasing adoption of a sedentary lifestyle is expected to drive the global weight management market.

As per the Institute of Health Metric and Evaluation, 30% of the world’s population is obese. Obese is one of the major health challenges in developed and developing countries. Also, the rising volume of bariatric surgeries and rising adoption of online weight loss & management programs are anticipated to positively influence the industry in forecast period.

Weight Management Market CAGR (2022-2032) 7.7%
Weight Management Market (2022) US$ 345.5 Billion
Weight Management Market (2032) US$ 725.6 Billion

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The growing prevalence of obesity among the expanding population is expected to propel the market expansion during the forecast period. As per the World Obesity Atlas 2022, one billion people globally, including 1 in 5 women and 1 in 7 men, will be living with obesity by 2030. This significant rise in the number of obese patients is anticipated to drive demand for an efficient weight management system. Further, growing awareness about weight management and obesity among developing nations is expected to drive market growth in the coming period.

Increasing strategic collaborations of players with each other are expected to drive market growth during the forecast period. In September 2019, Currax Pharmaceutical disclosed the acquisition of Nalpropion Pharmaceuticals. This acquisition resulted in the addition of Contrave anti-obesity medication to Currax’s product portfolio. Similarly, in November 2019, Novo Nordisk collaborated with UNICEF to prevent children from obesity. Such partnerships among players are expected to benefit the industry growth during the forecast period.

Lack of awareness regarding obesity and the inability to afford premium health club memberships among developing countries are expected to impact the market negatively in the forthcoming period. As per IQVIA, only 2% of the total obese population is treated with prescribed medicines. Further, the presence of a limited number of market players is another cause hindering the expansion. However, rising disposable income and increasing awareness about the alternatives for weight loss and management can propel market growth in the forecast period.

Key Takeaways from the Market Study

  • Weight management market to secure US$ 725.6 Billion during the forecast period from 2022-to 2032.
  • By equipment, the fitness equipment segment is anticipated to expand at a CAGR of 7.6% during the forecast period.
  • The weight management market to be dominated by the U.S while garnering US$ 250 Billion by 2032
  • Weight management industry in China is expected to expand at the highest CAGR of 6.8% during the forecast period
  • Weight management market in Japan is estimated to reach US$ 41.1 Billion by 2032

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“Increasing cases of obesity and the growing health concerns among baby boomers are expected to support the market expansion in the coming time,” remarks an analyst at FMI.

Competition Analysis

Key players in the industry include Herbalife Nutrition Ltd., NutriSystem, Inc., Weight Watchers International, Inc., eDiets.com, Inc., and Brunswick Corporation. Major developments in the market are:

  • In June 2022, Herbalife Nutrition, inked a sports nutrition partnership with Notre Dame shooting guard Blake Wesley, who has been training at the Herbalife Nutrition IMPACT Basketball Center.
  • In January 2021, Herbalife Nutrition, an eminent nutrition company, announced that it had inked an agreement to repurchase approximately US$ 600 million of the Company’s common share beneficially owned by Carl C. Icahn and certain of his affiliates at a price of US$ 48/05 per share.
  • In December 2020, Kainos Capital, a firm focused on specializing in managing food and consumer businesses, completed the acquisition of Nutrisystem from Tivity Health for US$ 575 Million. The private Capital Group of MSD Partners, LP partnered with Kainos Capital in the transaction in form of preferred and common equity investment.

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global weight management market, presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of Diet (Meals, Beverages, Supplements), Equipment (Fitness Equipment, Surgical Equipment), Services (Fitness Centers, Slimming Centers, Consultation Services, Online Weight Loss Services), & Region(North America, Europe, Asia Pacific, Middle East & Africa, and Latin America).

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About the Healthcare Division at Future Market Insights

The healthcare team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

Key Segments Profiled in the Global Weight Management Market Report

Global Weight Management Market by Diet:

  • Weight Management Meals
  • Weight Management Beverages
  • Weight Management Supplements

Global Weight Management Market by Equipment:

  • Weight Management Fitness Equipment
  • Weight Management Surgical Equipment

Global Weight Management Market by Services:

  • Weight Management across Fitness Centers
  • Weight Management across Slimming Centers
  • Weight Management Consultation Services
  • Weight Management through Online Weight Loss Services

About FMI:

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

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