UK Cruise Tourism Market Forecasts US$ 19.5 Million Revenue by 2032 | FMI

UK Cruise Tourism Market
UK Cruise Tourism Market

The UK cruise tourism market is estimated to reach US$ 14.0 Million in 2022. As per the report, sales are forecast to increase at a robust 9.0% CAGR, with the market valuation reaching US$ 19.5 Million by 2032. When combining traditional vacation package and cruise sales, agency’s own 67% of the market.

Due to the impact of covid-19 the market is effected by 70%. Various strategies are implemented to UK cruise industry to boost the market by providing travelers different tour packages. Travelers who are eagerly waiting for the travel opportunities after the covid-19 pandemic. There are many new cruises are launch in 2022 that are more contemporary feel in décor and interior, to make it more fashionable.

The motivation after this transition is to attract the younger crowd. Travelers are interested in adventures like kayaking, scuba diving, fishing, hiking, campaigns, and other activities also. The Cruise Lines International Association reviews that cruise enterprise contributes $10 billion to the UK financial system every year and helps to give employment to 80,000 jobs. These figures consist of direct and indirect economic output and employment. For examples, it consists of port services and other facilities like meals intake in cruise ships.

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Moreover, if you want to make bigger variety of enterprise and additionally to make contributions to the prevention of environmental changes, the pinnacle gamers with inside the UK cruise market place are growing new ships as a way to be eco-friendly. These new ships will now no longer emit greenhouse gases and consequently assist in saving stopping the pause in boundaries in crushing because of ordinary herbal disasters. This may also attract the attention of travelers who care about the environment and this increase the opting for cruise travels.

Key Trends Shaping the UK Cruise Tourism Market

  • Sustainable Cruising: Environmental consciousness has become a cornerstone of the UK cruise industry. Cruise lines are increasingly adopting eco-friendly technologies, from advanced waste management systems to energy-efficient propulsion. This shift aligns with the growing demand from environmentally conscious travelers, influencing their choice of cruise experiences.
  • Digital Transformation: Technology is reshaping the cruise experience in the UK, with the integration of digital solutions for seamless onboard experiences. From contactless check-ins to smart room controls, cruise companies are leveraging technology to enhance guest satisfaction, operational efficiency, and safety protocols, reflecting the broader digitalization trend in the travel industry.
  • Personalized Experiences: Customization is a rising tide in the UK cruise sector, with cruise lines tailoring experiences to meet individual preferences. From curated shore excursions to personalized dining options and entertainment choices, the industry is investing in understanding and meeting the unique needs of diverse passenger demographics.
  • Health and Wellness Cruises: Post-pandemic, health and wellness have become paramount for travelers, leading to a surge in demand for wellness-focused cruise experiences. UK cruise lines are responding by incorporating dedicated wellness programs, spa services, and fitness activities, creating a holistic approach to cruising that aligns with the wellness movement.

 Strategic planning and recreational activities are needed for adaptive tourism to attract the travelers to became more demanding in tourism “Says an FMI analyst.

Key Takeaways:

  • Based on tourism type, eco/sustainable tourism are predicted to account for a dominant share of 67% in the market through 2032.
  • By booking channel, the online booking segment is anticipated to hold a noteworthy share of 58%.
  • In terms of age group, demand in the young travellers will continue gaining traction through 2032.
  • Best time for the UK cruise destinations from late May to early September.
  • UK cruise travellers are more opt for package deals over the normal bookings.
  • Based on tourist type, domestic tourist segment will remain high over the forecast period.
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Leading players of UK cruise tourism market:

  • www.cruisedirect.co.uk
  • CruiseDeals.co.uk
  • Hays Travel
  • Bolsover Cruise Club
  • The Cruise Specialists
  • www.cruise1st.co.uk
  • Barrhead Travel Service Ltd

UK Cruise Tourism Market By Category

By Destination Type:

  • Mediterranean,
  • Canary Islands,
  • Norwegian fjords,
  • Scandinavia,
  • and Baltic

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In Person Booking

By Tourist Type:

  • Domestic
  • International

By Age Group:

  • 15-25 Years
  • 26-35 Years
  • 36-45 Years
  • 46-55 Years
  • 66-75 Years

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Global Street Vendors Market Positioned to Achieve US$ 8 Billion by 2032 – Sustained by Strong 6% CAGR | FMI

Street Vendors Market
Street Vendors Market

The street vendors market is estimated to reach US$ 2.5 Billion in 2022. As per the report, sales are forecast to increase at a robust 6% CAGR, with the market valuation reaching US$ 8 Billion by 2032.

A parallel world economy is operated by street sellers. They can be found anywhere, although they tend to congregate in crowded areas like bustling streets, byways, and public squares. They are a unique breed of independent business owners that are dominating the market with their classy manoeuvres, expanded market presence, mobility, and wide range of affordable items.

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The world’s markets are flourishing thanks to street vendors. While the vast shopping centres are stocked with pricey goods, these street vendors frequently supply the market with inexpensive goods, helping many people to live. The creation of self-help organisations that give these street vendors financial support is building a foundation for the expansion of the street vendor ecosystem. Since they contribute to the economy by spreading out the burden and creating jobs for the migrant population, many governments around the world have come to embrace their presence in the market. The expansion of street sellers is being aided by this emerging trend.

Key Takeaways:

  • In terms of area, rural areas segment are predicted to account for a dominant share of Travelers in the market through 2032.
  • On the basis of commodities, food products is anticipated to hold a major share in the market.
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Street Vendors Market by Category

By Vendor type, Street Vendors Market is segmented as:

  • Stationary
  • Peripatetic
  • Mobile

By Area, Street Vendors Market is segmented as:

  • Urban
  • Suburban
  • Rural

By Commodity, Street Vendors Market is segmented as:

  • Food
  • Cosmetics
  • Clothing
  • Daily necessities
  • Others

By Region, Street Vendors Market is segmented as:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Hotel Central Reservation System Market Projections: Surpassing US$ 800.84 Billion with 8% CAGR by 2032 | FMI

hotel central reservation system market
hotel central reservation system market

In 2022, the market for hotel central reservation systems is expected to be valued US$ 400.06 billion. The market is expected to grow at an 8% CAGR and reach US$ 800.84 billion in sales by 2032.

Hotel Central Reservation Systems are all in one softwares used by hospitality sector, for easier management of bookings and reservation, along with inventory and property management. The hotel and resort chains with more multiple properties in different regions find it hard to manage these properties and the bookings, especially during the holidays and touring seasons.

Bookings at the front desk are tiresome and confusing, and reservations on phone or by the third party operators are risky and uncertain. At such time, tourists are relying on online booking channels. The booking channels are connecting tourists to the number of hotels and resorts and making bookings lot easier.

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Hotel management use CRS, which automates processing and sorting of bookings and reservations in accordance with customer requests, to manage these bookings made through mobile applications, websites, and OTAs.

Key Takeaways from the Hotel Central Reservation Systems Market Study:

  • The North America, Europe and Asia Pacific regions hold a market share of ~26%, ~22% and ~18% respectively.
  • COVID-19 affected 0.45% to the Hotel Central Reservation Systems market.
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Key Manufacturing Companies:

  • OPERA Property Management System
  • eZee Front desk
  • Room Master
  • Hotelogix PMS
  • MSI CloudPM
  • Rezlynx PMS
  • CenDyn
  • Vertical booking
  • Amadeus
  • eRevMax
  • SHR
  • GuestCentric

Hotel Central Reservation System by Category

By Operation Type (% of Demand):

  • Offline
  • Cloud-Based

By Booking Channel (% of Demand):

  • Phone Booking
  • Online Booking
  • In Person Booking

By Sales Type (% of Demand):

  • Direct Sales
  • Distribution Sales

By User (% of Demand):

  • Big Enterprises
  • Small Enterprises
  • Individuals

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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India Retail Mineral Turpentine Oil Market Projections Suggest a Staggering Valuation of US$ 113.2 Million by 2032, Fueled by Steady 9.5% CAGR Growth

Future Market Insights in its latest market study reveals that the India retail mineral turpentine oil (MTO) industry is highly consolidated where the majority of shares are held by a few domestic leading players. Key players operating in the market majorly deal in bulk quantities of MTO.

The India retail mineral turpentine oil (MTO) market is projected to reach a valuation of US$ 45.8 Million by the end of 2022. It is expected to top a valuation of US$ 113.2 Million by 2032. Sales of retail mineral turpentine oil in the country are expected to witness a steady growth rate at a CAGR of 9.5% during the evaluation period from 2022 to 2032.

Retail packaging sizes of MTO are generally repacked by distributors or retailers. Hence, the India retail mineral turpentine oil market is fragmented and is expected to hold immense potential for key players operating in the market.

The retail packaging of MTO has witnessed high growth rates over the past few years. Key players can gain substantial momentum and capture the majority of market shares by launching MTO in retail sizes. They are striving to introduce their in-house products with innovative brand names and high quality in the market to expand their client base.

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Mineral turpentine oil is expected to find its majority of applications in paints and coatings for the manufacturing of products such as thinners and wood primers. Paint manufacturers are primarily active in retail sales of MTO through their authorized outlets. Paint manufacturers are also focusing on creating robust sales networks with the presence of various authorized dealers and customer loyalty programs.

Key Takeaways: India Mineral Turpentine Oil Market

  • From 2017 to 2021, the market for retail mineral turpentine oil in India expanded at a compound annual growth rate (CAGR) of 1%.
  • North India is expected to account for 7% of the overall India retail mineral turpentine oil market share in the evaluation period.
  • The West India retail mineral turpentine oil market currently holds around 8% of the value share in the India market.
  • Based on application, the wood primers segment is estimated to account for around 7% of the retail mineral turpentine oil produced in India.
  • The 10.1 L – 20 L packaging size segment is expected to account for the majority of share in the India retail mineral turpentine oil market in the next ten years.

Competitive Landscape: India Retail Mineral Turpentine Oil Market

Key Companies Profiled

  1. Bharat Petroleum Corporation Limited
  2. Hindustan Petroleum Corporation Limited
  3. Indian Oil Corporation Limited
  4. Nayara Energy Ltd.
  5. Mehta Petro-Refineries Limited
  6. Jay Chemical
  7. Shambhoo Petrochem (p) Ltd.
  8. Paragon Chemicals
  9. TotalEnergies S.E.
  10. Idemitsu Kosan Co. Ltd
  11. Shell Plc
  12. ExxonMobil Corporation
  13. Witmans Industries Pvt.Ltd
  14. Labdhi Petrochem

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Get More Insights into the India Retail Mineral Turpentine Oil Market Report

In its latest report, Future Market Insights offers an unbiased analysis of the India retail mineral turpentine oil market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022 to 2032. To understand the Indian market potential, growth, and scope, the market is segmented based on packaging size, application, and region.

India Retail Mineral Turpentine Oil Market Outlook by Category

By Packaging Size:

  • 100 mL – 499 mL
  • 500 mL -1 L
  • 1.1 L – 5L
  • 5.1 L – 10 L
  • 10.1 L – 20 L

By Application:

  • Paint Thinner
  • Wood Primers
  • Dry Cleaning
  • Brush Cleaning
  • Art Works
  • Others

By Region:

  • North India
  • South India
  • East India
  • West India

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Hydrophobic Coatings Market Forecasted CAGR of 5.5% Sparks Optimism with Anticipated Valuation of US$ 3.42 billion by 2032

The demand for hydrophobic coatings is anticipated to reach a high of US$ 3.42 Billion by the year 2032. The global industry is projected to have a moderate-paced CAGR of 5.5% during the forecast period. The current valuation of the hydrophobic coatings market is US$ 2 Billion in 2022.

The demand for hydrophobic coatings is growing as a result of efforts made by governments of developing countries to stimulate their economies. In December 2021, for instance, researchers at India’s International Advanced Research Centre for Powder Metallurgy & New Materials created super-hydrophobic industrial coatings for stainless steel. Members of the group have investigated the breakthrough with an eye toward implementing it in the maritime, mechanical, electronic components, piping, power, and nuclear sectors.

Products that have industrial coatings are better able to withstand water because they prevent water from adhering to their surfaces. Because of population growth and urbanization, construction projects are on the rise across the globe. This is especially true in the rapidly developing economies of Asia.

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In addition to rising disposable income and shifting consumer preferences, the expansion of the automotive industry is also anticipated to boost demand for industrial coatings. The top companies in this industry are spending heavily on research and development as well as mergers, acquisitions, and partnerships in order to maintain or expand their dominant hydrophobic coatings market positions. Private and public investment aimed at expanding product use into new areas is expected to strengthen the strategic landscape of the industry.

Key Takeaways

  • Since many different types of vehicles, aircraft, and medical gadgets are mass-produced in these regions, North America and Europe together make up more than half of the global hydrophobic coatings market.
  • In 2022, the automobile industry accounted for over 20% of the product’s entire demand.
  • The anti-microbial coating is predicted to have the highest growth rate due to its widespread use in the healthcare sector.
  • Since it is increasingly being used in the production of biocompatible stainless-steel operating and surgical tools, demand for the product is anticipated to increase dramatically in the medical industry.

Competitive Landscape

Some of the most important companies in the hydrophobic coatings market include

  • PPG
  • 3M
  • NEI Corporation
  • Nippon Paint Holdings Co., Ltd.
  • BASF SE
  • Ant Lab
  • Surfactis
  • Aculon
  • Aakzo Nobel
  • Abrisa Technologies
  • Cytonix
  • NEI Corporation
  • NeverWet
  • Nippon Paint Holdings Co., Ltd.

In order to keep their dominant position in the hydrophobic coatings market, the corporations focus primarily on developing new products and enhancing their production capabilities.

Recent Developments

  • GKN Aerospace’s transparencies centre of excellence in Garden Grove, California, was the location in July 2018 where the company introduced a new hydrophobic coating for cockpit glass. A permanent surface treatment that greatly enhances resistance to surface abrasion also provides the rain-shedding in-flight/ground activity that is provided by the surface.
  • NEI Corporation launched the UV-Protect (UVP) technology in March of 2018, with the goal of developing upgraded versions of its successful NANOMYTE® coating products. These upgraded versions are intended to deliver distinctive characteristics in coatings that have unrivalled durability. The NANOMYTE® line of surface treatments and protective industrial coatings coatings include characteristics such as hydrophobicity, oleophobicity, self-healing, fog resistance, scratch resistance, anti-icing, self-cleaning, and anti-corrosion. These characteristics can be found in the protective coatings.

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Key Segments in the Hydrophobic Coatings Market

By Property:

  • Anti-microbial
  • Anti-icing/wetting
  • Anti-fouling
  • Anti-corrosion
  • Self-cleaning
  • Others

By Application:

  • Aerospace
  • Automotive
  • Construction
  • Medical
  • Optical
  • Others

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Staple Acrylic Fibers Set to Redefine Global Market Landscape with a Projected Worth of US$ 4,230.9 Million by 2032

FMI predicts the overall staple acrylic sales to rise at 3.6% CAGR owing to consistent demand from the textile industry, which is a major consumer of acrylic fibers and consumes more than 50% of the total staple acrylic fiber production. The global industry is expected to grow from US$ 2,964.4 Million in 2022 to US$ 4,230.9 Million by 2032.

Although acrylic fabric is among the least breathable types of textiles, it is preferred for applications requiring heat retention. For instance, tracksuits, hoodies, and athletic pants are frequently constructed of acrylic fabric.

The market has been predominantly influenced by certain macroeconomic and industrial factors including demographic dividends, textile industry growth, economic growth, per capita disposable income, etc.

In its natural condition, acrylic is very similar to wool; but, depending on the spinning mechanism employed, it can be made to resemble other fabrics, such as cotton. Acrylic feels like wool and is warm, soft, and lightweight. It has great colorfastness and stains quite successfully.

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Staple acrylic has become a popular material for upholstery, carpeting, rugs, and other conventional wool-dominated homeware product categories. Demand for staple acrylic fibers from sectors like textiles, furniture, and automotive is anticipated to increase due to the various qualities that staple acrylic fiber offers.

China is the world’s largest producer of acrylic fabric, as well as the largest market for acrylic garments. The country exports a large portion of its textile and clothing production to several regions of the world.

Key Takeaways:

  • The global staple acrylic fiber market is projected to witness a CAGR of 3.6% during the period between 2022 and 2032.
  • By blend, the acrylic-wool segment is expected to expand at a CAGR of 4.0% during the forecast period.
  • By end use, the textile & apparel segment is expected to grow at a CAGR of 4.1% during the projected period.
  • China’s staple acrylic fiber market is expected to reach about US$ 1,106.0 Million by the end of 2032.
  • The staple acrylic fiber market in India is expected to reach US$ 315.8 Million by the end of 2032.

Competitive Landscape

According to FMI analysis,

  • Aksa Akrilik Kimya Sanayii AS
  • Thai Acrylic Fibre Co. Ltd (TAF)
  • Jilin Chemical Fiber Co., Ltd.
  • Taekwang Industry Co. Ltd.
  • Indian Acrylics Ltd.
  • CHEMTEX GLOBAL CORPORATION
  • Vardhman Acrylics Ltd
  • Pasupati Acrylon Ltd
  • Japan Exlan Co. Ltd
  • Kaneka Corporation

others are identified as the key manufacturers in the Staple Acrylic Fibre market.

Key market participants are investing a fair share of their revenue in R&D and are concentrating on the adoption of new & modified manufacturing techniques to get high-quality products.

For instance:

  • In August 2020, Aksa Akrilik, an acrylic Fibre producer, added another line to its innovative efforts named Everfresh. Developed after extensive research, Everfresh offers a solution to consumers’ hygiene expectancies with its enduring antimicrobial properties is environment-friendly, and also contains no harmful chemicals.

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Staple Acrylic Fibre Market Segmentation

By Dyeing Method:

  • Dyed
    • Acid
    • Gel
  • Undyed

By Blend:

  • Acrylic-Wool
  • Acrylic-Viscose
  • Acrylic-Nylon
  • Acrylic-Cotton
  • Others

By End Use:

  • Textiles & Apparel
  • Furniture Upholstery
  • Industrial Filtration Material
  • Building & Construction
  • Automotive

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • Middle East and Africa (MEA)
  • Europe

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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USA & Canada Pre-painted Steel Roofing and Cladding Market Projected to Exceed US$ 2,756.0 Million by 2032, Driven by Construction Industry’s Embrace of Superior Solutions

Pre-painted steel is a widely used building material for industrial and commercial projects, as well as public sector buildings and better aesthetic developments, and is frequently chosen for its color options and cladding design options.

The USA and Canada market for pre-painted steel roofing & cladding size is anticipated to reach a value of US$ 2,756.0 Million by the end of the forecast period. USA & Canada Pre-Painted Steel Roofing and Cladding Market to reach a value of US$ 1.8 Billion by 2022 and estimated to cross US$ 2.7 Billion at a CAGR of 4.6% by 2032 end. Due to the variety of design benefits and maintenance benefits, it can provide over the course of a building’s lifespan, pre-painted steel has grown to be one of the most popular building envelope solutions globally.

Color-coated steel is another term for pre-painted steel. This steel is primarily used in the roofing and cladding industries. Pre-painting is a one-of-a-kind process in which steel coils are cleaned, pre-treated, and then painted with inorganic or organic paints. Depending on the product, one or both sides can be primed and coated. This paint protects the steel from atmospheric corrosion while also increasing its strength and durability.

Steel roof panels have a significant advantage over other roofing materials in terms of longevity. In contrast to asphalt shingles, which trap heat inside, pre-painted steel roofing radiates it outside. Buildings with adequate insulation and ventilation remain warmer in the winter and cooler in the summer, reducing heating and cooling costs. Pre-painted metal has a wide range of aesthetic possibilities, especially when used for metal wall and roof panels in newly constructed or remodeled buildings.

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“Growing demand for roofing & cladding solutions, from the end uses such as residential & non-residential sectors is expected to propel the market growth.”

Key Takeaways:

  • The USA & Canada market for pre-painted steel roofing & cladding is projected to witness a CAGR of the magnitude of 4.6% between 2022 and 2032.
  • The United States is expected to reach about US$ 2,462.1 Million by the end of the year 2032.
  • By product type, pre-painted steel roofing is expected to remain one of the fastest-growing segments and is further estimated to expand at a CAGR of 4.7% during the forecast period.
  • By application, the new construction segment is anticipated to remain a key segment for the consumption of pre-painted steel roofing & cladding and is estimated to account for more than 85% of the overall consumption for the year 2022.

Competitive Landscape

The USA & Canada Pre-Painted Roofing & Cladding Market have a presence of numerous small-scale players along with some prominent key players. Key Players are closely involved in developmental activities such as acquisition, product launches & investments. Key Players are closely involved in developmental activities such as acquisition, product launches & investments.

Key Companies Profiled

  1. Arcelor Mittal
  2. ATAS
  3. Englert Inc.
  4. Tata BlueScope Steel
  5. Western States Metal Roofing
  6. Flexospan Steel Buildings, Inc.
  7. Shandong Linxu Materials Co., Ltd.
  8. National Cladding Wales
  9. THOMAS PANELS & PROFILES
  10. Scotia Metal Products
  11. ExSteel
  12. Coastal Metal Service
  13. Duchesne
  14. Agway Metals Inc.
  15. Westman Steel Industries.

For instance

  • In 2020, Westman Steel acquired Scotia Metal Products Inc. to establish a production plant in Halifax, Newfoundland, and expand into Atlantic Canada.
  • In March 2017, Westman Group Inc. acquired a majority stake in Eagle Mountain Structural Insulated Panel Systems (new name: Artspan). Artspan is an industry-leading manufacturer of structural insulated steel panel products.
  • In May 2020, Duchesne announced the introduction of three new steel profiles to its LCD steel siding product line: LCD 6, LCD 8, and LCD 11. Also, Deep Grey 28314 was added to the Duchesne Steel color offer. This color will be available in both siding and roofing.

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More Insights into the USA and Canada Pre-Painted Steel Roofing and Cladding Market Report

In its latest report, Future Market Insights offers an unbiased analysis of the USA & Canada Pre-Painted Steel Roofing & Cladding market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022 to 2032. To understand the market potential, growth, and scope, the market is segmented based on product type, resin chemistry, design, color, architure style, application, end use, and country.

USA and Canada Pre-Painted Steel Roofing and Cladding Market Segmentation

By Product Type:

  • Steel Roofing
  • Steel Cladding

By Resin Chemistry:

  • Roofing
    • PVDF
    • SMP
    • Polyester
    • Acrylic
    • Epoxy
    • Others
  • Cladding
    • PVDF
    • SMP
    • Polyester
    • Acrylic
    • Epoxy
    • Others

By Design:

  • Roofing
    • Standing Seam Panels
    • Corrugated Panels
    • PBR Panels
    • Western Rib Panels
    • Others
  • Cladding
    • Standing Seam
    • Snaplock
    • Interlocking
    • Flatlock and Shingle
    • Cassette
    • Others

By Color:

  • Roofing
    • Matte Black
    • Charcoal Gray
    • Medium Bronze
    • State Gray
    • Regal White
    • Mansard Brown
    • Colonial Red
    • Copper Metallic
    • Others
  • Cladding
    • Matte Black
    • Charcoal Gray
    • Medium Bronze
    • State Gray
    • Regal White
    • Mansard Brown
    • Colonial Red
    • Copper Metallic
    • Others

By Application:

  • Remodeling & Renovation
  • New Construction

By End Use:

  • Residential
  • Non-residential

By Country:

  • USA
  • Canada

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Organic Pigments Market Set to Surge with 4.5% CAGR, Reaching US$ 9824.9 Million by 2032, Reveals Future Market Insights

The organic pigments market size forecasted to registering 4.5% CAGR during the forecast period (2022-2032) and is 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.

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 2022-2032.

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.

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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 provide 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

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

Organic Pigments Market: Key Players

Key players involved in the value chain of the organic pigments market include

  • BASF
  • Clariant
  • DIC Corporation
  • Heubach GmbH
  • Sudarshan Chemical Industries Ltd.
  • Ferro Corporation
  • Trust Chem Co. Ltd
  • DCL Corporation
  • Toyocolor Co. Ltd.

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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 Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Dehydrated Pet Food Market Poised to Reach US$ 14.2 billion by 2032

Dehydrated Pet Food Market

The dehydrated pet food industry is valued at US$ 8.9 billion in 2023 and is expected to grow to US$ 14.2 billion by 2033. During the forecast period, the market is expected to grow at a CAGR of 5%.

The dehydrated pet food business is expanding rapidly as pet owners seek healthier and more natural solutions for their beloved pets. Dehydrated pet food has a long shelf life, retains nutrition, and is convenient. With growing consumer awareness and an emphasis on pet health, the industry is fast developing.

Surging adoption of dogs and cats and growing trend of pet humanization will boost the dehydrated pet food market. Further, increased penetration of social media and expansion of e-commerce sector is fueling the sales of pet food, aiding the growth in the market.

Moreover, animal pharmacists and pet care enthusiasts have excelled at conducting educational programs to raise awareness about health- and care-related issues. They also raise campaigns for issues ranging from specific conditions to animal well-being, to general health messaging, on special days, weeks, or months.

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Several governments and commercial groups worldwide are attempting to develop the animal health care industry. For instance, the US government’s implementation of the Feed the Future initiative, a public program that gives training to both private and public animal health personnel.

Likewise, awareness-raising events, such as Pet Dental Health Month, Be Kind to Animals Week, and Bring Your Cat to the Vet Day, were designed to address problems in the veterinary and pet care industries.

A slew of such increasing campaigns and awareness regarding pet health will fuel the growth in dehydrated pet food market.

Key Takeaways from Market Study

  • The dehydrated pet food market is expected to expand at CAGR of 5.0% and 7.8% in Latin America and Middle East & Africa, respectively, through 2032.
  • South Asia and Oceania dehydrated pet food market are expected to account for over 6.7% and 4.8% of global market share, respectively, in 2022,.
  • Europe dehydrated pet food market is anticipated to reach a shipment of 535,243 metric tons.
  • Among the pet type segment, sales of dehydrated pet food for dogs are expected to reach US$ 3,822.9 Mn in 2022, registering a CAGR of 4.6%.

“Dehydrated pet food manufacturers are investing in product innovation in terms of flavors and nutritional ingredients to capitalize on growing demand for organic and flavored pet food products. Besides this, they are leveraging their online websites and marketing strategies to increase their revenues through online sales channel,” says a Future Market Insights analyst.

Competitive Landscape

Key manufacturers of dehydrated pet foods are focusing on research & development to enhance the variety, quality, and innovation of their products. These manufacturers are also participating in various exhibitions and events to expand their global presence.

For instance,

  • Purina Beyond Bio Organic Complete Adult Dog Food Rich in Chicken and Rice was recently launched in select European regions by Nestlé Purina under its premium Beyond pet food brand. Rice, dehydrated poultry protein, and salmon are among the certified-organic ingredients.

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Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global dehydrated pet foods market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

Dehydrated Pet Food Market by Category

By Nature:

  • Organic
  • Conventional

By Pet Type:

  • Cat
    • Kitten
    • Senior
  • Dog
    • Puppy
    • Adult
    • Senior
  • Birds
  • Others

By Distribution Channel:

  • Store-Based Retailing
    • Hypermarket/Supermarket
    • Convenience Stores
    • Mom and Pop Stores
    • Pet Stores
    • Discounters
    • Independent Grocery Retailers
    • Drugstores
    • Other Retail Formats
  • Online Retailers

By Region:

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

The report covers exhaustive analysis on:

  • How big is the dehydrated pet food market?
  • What is the North America dehydrated pet food market outlook?
  • At what rate will dehydrated pet food demand grow in Europe?
  • What are the key trends driving the sales in dehydrated pet food market?
  • At what rate will dehydrated pet food demand grow in India?

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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PET Straps Market Set to Surge with a Projected CAGR of 6.8% During Forecast Period

The global PET strapping market is forecast to surge at a Compound Annual Growth Rate (CAGR) of approximately 6.8%, according to a new report by Future Market Insights (FMI). This press release delves into the key drivers propelling market growth and the rising demand for sustainable packaging solutions.

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PET Straps: A Secure and Eco-Friendly Choice

PET straps are a versatile packaging solution used for securing and bundling products across various industries. Their ability to absorb shock and impacts during transportation makes them ideal for heavy-duty logistics. The market is projected to witness significant growth, driven by:

  • Sustainability Focus: The global packaging sector is prioritizing eco-friendly alternatives. PET straps offer a solution, as they can be recycled and used in new strapping applications. This aligns perfectly with the rising demand for sustainable packaging solutions across industries like pharmaceuticals, food & beverage, and automobiles.
  • High-Performance Strapping: PET straps are renowned for their ability to withstand shocks and impacts, making them a reliable choice for securing heavy loads during transportation. This factor is particularly important for industries like automotive and electrical & electronics, where product protection is paramount.
  • Innovation and Competition: Leading PET strap manufacturers are continuously investing in research and development to expand their product offerings and explore applications across new industries. This fierce competition fosters innovation, ultimately benefiting end-users with better and more efficient strapping solutions.

Regulation and Opportunity

Government regulations on plastic usage have impacted the PET strapping market. However, manufacturers are responding by increasing production capacity and exploring innovative solutions. One such promising development is the emergence of recyclable PET straps – a game-changer that reduces raw material costs and promotes environmental responsibility.

Looking Ahead: A Sustainable Future for Strapping

The PET strapping market presents a multitude of opportunities. The ability to procure and utilize recyclable PET straps is fostering a paradigm shift within the industry. This technology reduces reliance on virgin materials, lowers costs, and contributes to a more sustainable future for packaging.

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Drivers

  1. Sustainability and Eco-Friendly Packaging: Growing environmental consciousness and the need for sustainable packaging materials have boosted the demand for PET straps, as they are considered more environmentally friendly compared to some other strapping materials.
  2. Versatile Applications: PET straps find application in a wide range of industries, including automotive, food and beverage, pharmaceuticals, retail, and more, thanks to their versatility in securing various types of loads and products.
  3. Superior Strength and Durability: PET straps are known for their high tensile strength and durability, making them an ideal choice for heavy-duty applications in industries such as construction and logistics.
  4. Lightweight: Despite their strength, PET straps are lightweight, reducing transportation costs and making them easier to handle.
  5. Cost-Effective: PET straps offer a cost-effective strapping solution, particularly for businesses that require secure and efficient bundling and packaging.
  6. Regulatory Compliance: Stricter regulations and standards related to strapping materials, including safety and recyclability, have led businesses to opt for PET straps to ensure compliance.
  7. Increased Industrial Activities: The growth of manufacturing and industrial sectors globally has driven the demand for secure and reliable strapping materials like PET straps.
  8. Innovations in Manufacturing: Ongoing innovations in PET strap manufacturing processes and technologies have improved the quality and performance of these straps.
  9. Recyclability: PET straps are recyclable, contributing to sustainability efforts and reducing environmental impact.

Global Players: –

  • Linder GmbH
  • North Shore Strapping Inc
  • Consent LLC
  • Plastic Extruders Ltd.
  • Narrowtex (Pty) Ltd.
  • PAC Strapping Products
  • Polychem Corp.
  • D.J. Hookstraten
  • Sandex GmbH
  • Butig GmbH
  • DuBose Strapping Inc

APAC Players: –

  • Auto Strap India
  • Searo Packaging Co. Ltd.
  • S & K Packaging Industries
  • Dongguan Qianyi Packaging Products Co. Ltd.
  • Ruparel Polystrap Pvt. Ltd.
  • Signor Polymers Pvt. Ltd.
  • Qingdao Changyue Plastic Machinery Co. Ltd
  • Soundpoen Packaging Solution Co. Ltd.

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Segmentation

By Width:

  • 5 – 15 mm
  • 16 – 25 mm
  • 26 – 35 mm
  • Above 35 mm

By Thickness:

  • Up to 5 mm
  • 5.1 – 7.5 mm
  • 7.6 – 10 mm
  • Above 10 mm

By Break Strength:

  • Up to 250 kg
  • 251 – 500 kg
  • 501 – 800 kg
  • Above 800 kg

By End-use Industries:

  • Healthcare & Pharmaceuticals
  • Chemicals
  • Electronics and Electricals
  • Food & Beverages
  • Homecare
  • Automobiles
  • Personal care & Cosmetics
  • Others

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube