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Silanes Market Surges: Forecasted Valuation of US$ 4,652.4 million by 2033, Reports Projected 4.6% CAGR

The global silanes market size is anticipated to reach a valuation of US$ 2967.29 million in 2023 and is projected to accumulate over US$ 4652.40 million by 2033 while exhibiting a CAGR of 4.6% during the forecast period.

The demand for paint and coating products is on the rise, driven by the expanding construction sector that extensively employs silane-based coatings. Over the forecast period, this trend is expected to escalate. Notably, the Asia Pacific region’s growing construction projects and the increasing infrastructural renovation activities in North America and Western Europe are major contributors to the heightened demand for various industrial coatings, adhesives, and plastic components.

The Middle East and South America regions are experiencing a surge in demand for automobiles, leading to an increased need for lightweight, durable plastic components and tires. This surge in demand necessitates a substantial supply of silane products to sustain continuous production operations.

The demand for silane is rising due to high demand from paint & coating formulators and adhesive & sealant manufacturers. Factors like green building construction, residential complex expansions, and increasing renovation activities have boosted the demand for construction sector adhesives. This is expected to drive the market to new heights in the coming years.

Silane plays a crucial role in the electronics industry, particularly as silane gas is extensively used in semiconductors, which are essential components in electronic devices. The increasing global demand for electronic gadgets and devices is expected to significantly contribute to the market’s growth.

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Increased environmental awareness is expected to drive the demand for solvent-free, UV-cured coatings, leading to higher utilization of silane in formulating such coatings. As a result, the paints & coatings application segment is expected to experience growth, thereby contributing to market expansion.

Silane’s anti-corrosive properties and versatile mechanical & electrical characteristics make it essential for manufacturing fiberglass used in wind turbine blades and pure silicon for solar photovoltaic cells. The rising demand for clean energy sources has led to increased installations of solar and wind energy capacity worldwide.

For instance, the United States installed 6.62 GW of onshore wind & solar storage capacity in Q1 2022, marking an 11.5% increase from 2020. Similarly, China’s solar installation capacity reached 53 GW in 2021, representing a 10% increase compared to 2020. This surge in renewable energy installations is expected to drive the utilization of silane in the power generation sector for wind turbines and solar cell applications, positively impacting the growth of the silane industry.

Key Takeaways from this Market Report are:

The market in China is expected to expand at a CAGR of 4.7% during the forecast period.
The United States market is expected to be worth over US$ 850 million by 2033.
By product type, organo-functional silanes are expected to generate sales with a CAGR of 5% during the forecast period.

“Growing demand for silanes from adhesive & sealant manufacturers, and paints & coating formulators is expected to drive market growth during the forecast period,” – comments an analyst at FMI.

The top 22 Players in Silanes Market are:

Key players in the silanes market are proactively engaged in creating and innovating new products with unique attributes to enhance their portfolios and expand their customer base worldwide. Furthermore, some companies are placing a strong emphasis on strengthening their retail networks and establishing well-structured supply chains to efficiently serve their customers.

The key market players involved are:

KCC Corporation
OCI Company Ltd
Dow Inc.
Momentive Performance Materials Inc.
Evonik Industries AG
Wacker Chemie AG
Shin-Etsu Chemical Co. Ltd.
China Bluestar International Chemical Co. Ltd
Dalian Onichem Co. Ltd.
Tokuyama Corporation
Power Chemical Corporation
Nanjing Shuguang Silane Chemical Co. Ltd.
BRB International B.V.
Nanjing Union Silicon Chemical Co. Ltd.
Nanjing Wanda Chemicals Co. Ltd.
Miliken Chemical
Supreme Silicones
Air Liquide Advanced Materials Inc.
Qufu Chenguang Chemical Co. Ltd.
Nitrochemie AG
Gelest Inc.
WD Silicone Co. Ltd.

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Some recent developments in the Silanes market are:

In October 2021, Brenntag expanded its distribution agreement with Evonik Industries to cover silane product distribution in 16 eastern European countries, including Poland, Czech Republic, Slovenia, Slovakia, Hungary, Serbia, Romania, and others.
In October 2021, WACKER bought a 60% stake in specialty silane manufacturer SICO Performance Material Co. Ltd.
In January 2021, Momentive Performance Materials acquired Ku Corporation’s (KGC) sales activities in China and its business operations in Korea and the United Kingdom.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global silanes market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the silanes market, the market is segmented on the basis of product type, application, end-use, and region.

Key Segments Profiled in the Silanes Industry:

By Product Type:

Organo Functional Silanes
- Vinyl Silanes
- Amino Silanes
- Epoxy Silanes
- Methacryloxy Silanes
- Styryl Silanes
- Acryloxy Silanes
- Amino Silanes
- Others
Mono/Chloro Silanes
Others

By Application:

Rubber
- Tire Rubbers
  - Polyester
  - Nylon
  - Rayon
  - Others
- Non Tire Rubbers
  - Ethylene-propylene
  - Nitrile Butadiene Rubber
  - Styrene Butadiene Rubber
  - Polybutadiene
  - Natural Rubber
  - Others
Plastics
Nylons
- Polycarbonate
- Polystyrene
- Poly Vinyl Chloride
- Others
Adhesives & Sealants
Fiberglass and Composites
Paint, Ink, and Coatings
Electronics
Mineral and Filler Treatment
Surface Protection
Others

By End-Use:

Building and Construction
Oil & Gas
Electrical and Electronics
Automotive and Aerospace
Medical and Pharmaceuticals
Chemical and Other Industries

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
Middle East and Africa

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 Sodium Chloride Market Set to Surge to US$ 67.4 billion by 2033: Insights into Key Growth Drivers

The sodium chloride market is valued at US$ 44.4 Billion in 2023 and is anticipated to value at US$ 67.4 Billion by 2033. The Sales of sodium chloride are likely to grow at a CAGR of 4.4% during the forecast period.

There is a growing demand for sodium chloride in the chemical sector to develop products such as dyes, paper, plastic, rubber and detergents to advance market growth. Feedstock chemical is highly used in developing chemical products, which in turn boosts the market. An increase in the adoption of sodium chloride by manufacturing companies is observed to make polyester, cleaning tools and machinery.
Moreover, the growing adoption of sodium chloride by the food and beverage industry increases the shelf life of food and enhances its quality. The demand for sodium chloride to preserve foods such as meat and cheese is also likely to increase market opportunities during the forecast period.

The manufacturers are growing in the pharmaceutical industry to treat dehydration and excessive sweating and with increasing adoption of sodium chloride. In addition, there is a growing demand for sodium chloride from the healthcare sector to maintain blood pressure and relax patients’ muscles.

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End-use Industries Propel the Sodium Chloride Market Growth

An increase in the demand for alkaline products such as chlorine, soda ash and caustic soda is impelling the sodium chloride market growth. There are a few more factors that are expected to bolster the market growth during the forecast period, such as the growing population, emerging industries and disposable income. The rising adoption of sodium chloride in various end-use industries such as water treatment, animal feed, agrochemicals and oil & gas is the key factor contributing towards market expansion.

A Glimpse of Top Countries in the Sodium Chloride Market

The US dominates the global market by recording a CAGR of 3.8% with a valuation of US$ 4.0 Bn during the forecast period. Growing disposable income and rising end-use industries such as chemical and food are advancing the US market size. Additionally, the US market growth is fueled by the increasing adoption of sodium chloride in the chemical sector to increase the production of chemical products.
China is estimated to capture a CAGR of 6.2% with a valuation of US$ 2.9 Bn during the forecast period. Increasing consumption of sodium chlorine for cleaning equipment in the healthcare sector is observed in China. The manufacturers are advancing the food and beverage industry to maintain the shelf life of food and preserve it for a long time in China.

Key Takeaways:

The sodium chloride market valuation is expected at US$ 67.4 Bn by 2033.

The global market is increasing during the forecast period by witnessing a CAGR rate of 4.4%.

The market in the United States is anticipated to grow at a CAGR of 3.8% through 2033.

The China market is likely to uplift significantly during the forecast period with a CAGR of 6.2%.

The Japanese market is expected to grow at a CAGR of 3.3% over the forecast period.

Who is Winning?

The prominent manufacturers and vendors are impelling the market size by increasing the production of sodium chloride all over the region during the forecast period. In addition, distribution channels, emerging suppliers and new market entrances are advancing the market opportunities. The adoption of different market strategies and millions of dollars in investment by the market players greatly contribute to boosting the maximum output in the market.

In Jan 2021, FDA announced legal approval for Aurobindo Pharma to manufacture and distribute 0.9% sodium chloride injection to the US healthcare industry.

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Some of the leading companies operating in the market are

Cargill incorporated
Compass Minerals International.
K+S AKTIENGESELLSCHAFT
Wacker Chemie AG
Akzo Nobel N.V.
Tata Chemicals Limited
Südwestdeutsche Salzwerke AG
INEOS GROUP HOLDINGS S.A
Hindustan Ltd
Dampier Salt Limited
Others

Sodium Chloride Market by Category

By Grade:

Agriculture
Food
Industrial
Pharmaceuticals

By Source:

Sea Water and Brine
Solid

By Product Foam:

Liquid
Solid

By End Use:

Agriculture
Chemicals
Deicing
Food & Beverages
Industrial
Leather Industry
Oil & Gas
Pharmaceuticals
Water Treatment

By Region:

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

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Rapid Urbanization and Green Construction Initiatives Propel Precast Concrete Market to US$ 234 billion in 2033

The precast concrete market is projected to have a moderate-paced CAGR of 5.7% during the forecast period. The current anticipated valuation of the precast concrete market is US$ 134 billion in 2023. The value of the precast concrete market is forecasted to reach a high of US$ 234 billion, by the year 2033.

Market participants boosting their capacity and bolstering their distribution network to expand their client base, are significant factors driving the demand for precast concrete. Other factors influencing the market are the rapid industrialization and urbanization of emerging nations, the growing emphasis on creating high-quality infrastructure globally, and the emphasis on green construction initiatives.

The market has expanded as a result of the construction industry’s transition to using cost-effective, environmentally friendly, and contemporary building methods. Therefore, the market is projected to be further boosted by the desire of emerging nations to modernize their current infrastructure.

In a variety of weather situations, precast concrete materials enable effective and affordable construction. These goods are meticulously produced off-site, which raises the level of quality in general. These products have the potential to have a very high span-to-depth ratio, which improves the structure’s ability to carry load and lessens the need for extra columns. As a result, these items are frequently employed in large-scale projects like concert halls and arenas to ensure that no pillars obstruct the audience’s view or experience. Leading business players use technical advancements to create new goods and increase their market share.

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Over the course of the projection period, it is also anticipated that an increase in consumer demand and a shift in consumer preference toward high-quality items would provide numerous growth opportunities for new entrants in the market.

With 20% of all global building investments, China is the leading construction market in the world. By 2030, it is anticipated that China would spend almost US$ 13 trillion on buildings, which is expected to increase demand for precast concrete in China.

In recent years, the market has been pushed by the need for low-cost residential structures, improved efficiency obtained through precast technologies, and accelerated construction speed using precast technology. Additionally, converting and renovating older structures boosts investment in the construction sector, increasing demand for prefabricated components and favorably influencing the expansion of the precast construction market. Precast concrete is therefore frequently employed to construct similarly designed, cost-effective constructions.

It also offers the benefit of planning for upcoming construction projects because the components are simple to rearrange. Building experts are enthusiastically embracing modern construction approaches that offer enhanced performance with a minimal capital expenditure. 3D printing and Building Information Modeling (BIM) are recent technological developments that might present opportunities for the sector under study.

Significant amounts of hazardous gases including nitrogen oxide, sulphur dioxide, and carbon monoxide are produced at cement producing facilities. These gases have been related to a several health issues, including cardiovascular diseases, visual impairment, and asthma. Furthermore, it is anticipated that government rules enacted to limit emissions from cement manufacturing facilities would restrain market growth.

Key Takeaways:

Throughout the projection period, it is expected that the United States is likely to hold a sizeable portion of the global precast concrete market. Key stakeholders work to create very durable precast concrete products in an effort to strengthen the infrastructure of country.
The precast concrete market in China is expected to accelerate significantly throughout the estimated time frame. Key participants, who are concrete plant experts, also provide contemporary plant technology with a focus on China trends.
The structural building components product type is anticipated to lead during the projected period owing to its strong demand from the construction sector.
The infrastructure segment in end-use, accounts for a sizeable share, is the most inventive market category for important corporations as there has been an increase in the usage of energy-efficient products and materials.

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Competitive Landscape:

Due to the existence of both foreign and domestic competition, the global precast concrete market is fragmented. In their respective niche markets, several firms hold sizable market shares. Large companies usually place significance on organic developments like product approvals and the acceptance of cutting-edge, environmentally friendly solutions. These factors are expected to prompt the global precast concrete market size rapidly.

Key Players:

Boral Limited
Lafarge
Gulf Precast Concrete Co. LLC
Olson Precast Company
CEMEX S.A.B. de C.V.
Forterra
Tindall Corporation
Spancrete
ELO Beton
GÜlermak A.S.
STECS
LAING O’Rourke
Larsen & Toubro Ltd.

Key Segments of the Precast Concrete Market

By Product Type:

Structural Building Components
Architectural Building Components
Transportation Products
Water & Waste Handling Products
Others

By End Use:

Residential
Non-Residential
Infrastructure

By Region:

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

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Rising Demand in Chemical and Pharmaceutical Industries Drives Growth of Magnesium Carbonate Minerals Market

The magnesium carbonate mineral market is witnessing significant disruptions in the supply chains of major regional markets. Uncertainty over capital markets and the impact of the pandemic on the global economy is likely to hit the industry in the short term. The magnesium carbonate minerals market is projected to cross a value pool of US$ 689.0 Million by the end of 2022. Widespread critical applications of magnesium carbonate minerals in construction, personal care, and medicine will aid in the recovery of demand following the end of the pandemic. Demand for magnesium carbonate minerals to reach US$ 1,029.0 Million between 2022 and 2030, as projected by a new Future Market Insights (FMI) study.

“Pharmaceutical, medical, and personal care industries are in fact gaining the momentum as a result of COVID-19 pandemic. This would result in multiple changes over the coming years, and the market will witness demand growth,” says the FMI Analyst.

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Magnesium Carbonate Mineral Market – Key Takeaways

Pharmaceutical and personal care applications will witness a surge driven by the rising demand for OTC drugs.
The demand for hydromagnesite is anticipated to boom for polymers and flame-retardant formulations as an additive.
Cement and steel industries will be major magnesium carbonate mineral consumers, with magnesium oxide applications.
East Asia will be a prominent regional market in terms of production operations. However, North America and Europe will hold leading positions in the global market share, on the basis of consumption.

Magnesium Carbonate Mineral Market – Key Driving Factors

The rapid and continued growth of chemical industries, and the demand from paper, and paints industries are major growth drivers.
The surge of demand from private players in the medical sector for generic products remains a major growth influencer.
Refractory applications for ceramic and metallurgy industries are also supporting overall market growth.
Strict regulations associated with industrial workplace conditions are also a driver for global market growth.

Magnesium Carbonate Mineral Market – Key Constraints

Excess consumption of magnesium carbonate minerals can result in side effects such as flatulence and diarrhea, limiting adoption rates.
Rising competition from alternative materials such as talc and dolomite is restricting sales and revenue.

Competition Landscape

Key players in the magnesium carbonate mineral market are Kyowa Chemical Industry Co. Ltd., Konoshima Chemical Co. Ltd., Hebei Meishen Technology Co. Ltd., and Naikai Salt Industries Co. Ltd. Majority of these players are investing in expanding their market presence with acquisitions. Expansion of production capacities, and investments in research and development are also key strategies being followed by market players.

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More About the Report

The FMI’s market research report of 300 pages offers comprehensive insights into the magnesium carbonate mineral market. The market is analyzed on the basis of mineral form (magnesite, hydromagnesite, and nesquehonite) and end use (pharmaceutical and personal care, refractory bricks and kilns, steel and metallurgy, ceramics, building and flooring materials, chemicals, and others).

Magnesium Carbonate Minerals Market by Category

By Mineral:

Magnesite
Hydromagnesite
Nesquehonite

By End use:

Pharmaceuticals & Personal Care
Refractory Bricks & Kilns
Steel & Metallurgy
Ceramics
Building & Flooring Materials
Chemicals
- Plastics
- Fertilizers
- Flame Retardant Additives
- Adhesives & Sealants
- Paints
- High Purity Magnesia

By Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
MEA

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Vegan Chocolate Market: Forecasted to Sweeten the Pot to US$ 3,814.2 Million by 2033, Growing at a Delicious 11.9% CAGR

The vegan chocolate market as of 2023, is US$1,233.9 million US$. The market is expected to develop at a compound annual growth rate (CAGR) of 11.9% between 2023 and 2033. By the end of 2033, the market is projected to reach US$ 3,814.2 million.

The growing vegan population is driving up the production of vegan chocolate. Vegan chocolate selection is comparable to that of regular chocolate selection. Customers may easily find vegan milk chocolate, dark chocolate, and confections flavored with nuts and vanilla. All of the common product varieties—such as powder, bars, and biscuits—are available in vegan chocolate. Increased product variety should result from technological advancements.

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Because vegan chocolates are ethically produced, their suppliers are attracting customers. Advertising promotions frequently highlight how the products are free of dairy and animals. In marketing initiatives, emphasis is placed on plant-based components. Additionally, manufacturers are creating eco-friendly goods with sustainable packaging by following the latest trends in sustainability. The industry is expanding due in part to the growing demand for vegan chocolates that are gluten- and sugar-free.

Key Takeaways from the Vegan Chocolate Market Report

The vegan chocolate market valuation is US$ 1,233.9 million in 2023.
Dark chocolate is winning over consumers. Dark chocolate holds an impressive 68.4% market share by product type.
Bars are the most popular form of vegan chocolates. In 2023, bars hold 74.4% of the market share by form.
The United States is a lucrative region for the vegan chocolate market. In 2023, the United States accounts for 31.5% of the market revenue.
China contributes 13.6% to the market in 2023.
Germany is another country where the vegan chocolate industry flourishes. The German market accounts for a share of 9.4% of the market.

“The intersection of vegans and the young crowd represents a significant customer base for the vegan market. The younger generation is willing to spend money on premium products. Brands in the market are packaging chocolates with toys and games to make them appealing to children. The popularity of artisanal and hand-made chocolates is also rising, driving the overall market growth,” remarks Nandini Roy Choudhury, Client Partner at Future Market Insights.

Competition Analysis of the Vegan Chocolate Market

Established players in the chocolate industry are trying to gain a stronghold in the market. However, the field remains open for small-scale vendors. Technology remains an area of concentration for the players in the market as it allows the introduction of new products. Some prominent companies in the market are Mondelez International, The Hershey Company, Schmilk Chocolate (Chocolate Hollow, LLC), Lindt & Sprüngli, Ritter Sport, Hu Chocolate, and Alter Eco.

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Vegan Chocolate Market Key Players

Mondelez International
The Hershey Company
Schmilk Chocolate (Chocolate Hollow, LLC)
Lindt & Sprüngli
Ritter Sport
Hu Chocolate
Alter Eco
TCHO
Endorfin Foods
Sjaak’s VGAN Chocolates
Divine Treasures LLC
Equal Exchange COOP
No Whey Chocolate
Others

Recent Developments in the Vegan Chocolate Market

In October 2023, Smoothie King introduced smoothie bowls with vegan chocolate. Both Açai Cocoa Haze and Coco Pitaya-Yah smoothie bowls contain dairy-free vegan chocolate.
In September 2023, Mummy Meegz innovated with the packaging of its oat milk and white chocolate product lines. In collaboration with Parkside, the packaging for the product lines was made sustainable.
In January 2020, German brand Vego teamed with Frederick Export to make its products available in the United States.

Key Segments

By Product Type:

Raw Chocolate
White Chocolate
Dark Chocolate
Others

By Form:

Blended
Cookies
Bars
Granules
Liquid
Powder
Whole
Others

By Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East and Africa (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 400analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Seafood Market: Set to Surge to a Staggering US$ 157,042.9 Million by 2033, Capturing the Current of Growth

The global seafood market size is estimated to clock a valuation of US$ 157,042.9 million by 2033. Our food and beverage industry analysts opine that seafood providers can expect a CAGR of 3% through 2033, with the current valuation of US$ 114,608 million in 2023.

When COVID-19 upended the import/export market, digital technology provided new channels for many fishermen and aquaculture providers. Those who converted their goods to a digital marketplace quickly enough might sell and deliver directly to customers.

Fish Tiangge, a USAID Fish Right initiative in the Philippines, launched an online platform using Facebook in May 2020 to connect fishermen with local consumers. This single programme linked 6,000 fishermen with almost 300,000 households, boosting local food security and maintaining the livelihoods of thousands of fishermen.

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Digital technology is also assisting in the modernization of fishing and aquaculture operations, as well as increasing earnings and raising awareness of sustainable seafood best practises. For example, in India, we’re cooperating with AquaConnect to deliver digital solutions that assist shrimp farmers in identifying quality items and making farm-input purchases. Farmers also receive announcements and documents about growth and disease advisories, as well as advice and information on inexpensive financing and resources to connect to other Indian markets.

In the coming years, digital technology will continue to be a major source of industry evolution and innovation, particularly when it comes to sustainable seafood trends.

“While COVID-19 presented challenges to many small-scale fisherfolk and aquaculture providers, it also revealed areas where the seafood industry may improve its supply chains to become more robust and sustainable.” said a lead analyst at FMI.

Who is winning?

Some of the leading companies offering Seafood are Amalgam Frozen Foods Pvt. Ltd. (AFFL), American Seafoods Company, Austevoll Seafood ASA, Cooke, Inc., Dongwon F&B, Faroe Seafood, Handy Seafood, Inc., Hansung Enterprise Co. Ltd, High Liner Foods Incorporated, Kangamiut Seafood A/S, Lee Fishing Company, Leroy Seafood Group, Lyons Seafoods Limited, Mowi ASA, Pacific Seafood, Phillips Foods, Inc., Princes, Ltd., Sajo Group, Shanghai Fisheries Group Co., Ltd., Stolt Sea Farm, Surapon Foods Public Company Limited, Tassal Group Limited, Thai Union Group PCL, Tri Marine International, Inc., Trident Seafoods Corporation, Young`s Seafood Limited, Zhanjiang Guolian Aquatic Products Co., Ltd., and Others.

Get Valuable Insights into Seafood market

Future Market Insights, in its new offering, provides an unbiased analysis of the Seafood market presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031.

Seafood Market By Category

By Nature, Seafood Market is Segmented as:

Organic
Conventional

By Source, Seafood Market is Segmented as:

Farm Raised
Wild Caught

By Product Type, Seafood Market is Segmented as:

Ground Fish
Pelagics
Tuna
Salmonids
Molluscs
Crustaceans
Lobsters
Crabs
Shrimp
Other Product Types (Prawns, Trouts, etc)

By Form, Seafood Market is Segmented as:

Fresh
Chilled
Frozen
Ambient

By End Use, Seafood Market is Segmented as:

Food
Pharmaceutical
Cosmetics
Industrial
Biotechnology
Household Retail

By Sales Channel, Seafood Market is Segmented as:

Direct
Indirect
- Modern Trade
- Convenience Stores
- Specialty Food Stores
- Wholesale Stores
- Discount Stores
- Online Retail
- Other Retail Formats

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Frequently Asked Questions

How Big is the Seafood Market?
What is the North America Seafood Market Outlook?
At What Rate will Seafood Demand Grow in Europe?
At What Rate Will Seafood Demand Grow in Japan?

About Future Market Insights (FMI)

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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Coffee Creamer Market: Projected to Cream Up US$ 11828.93 Million by 2034, Stirring Up the Industry with an 8.20% CAGR

The global coffee creamer market is estimated at US$ 5402.28 million in 2024. It is projected to reach US$ 11828.93 million by 2034. The market is anticipated to grow at a modest CAGR of 8.20% from 2024 to 2034.

As coffee consumption grows in popularity around the world, the coffee creamer market is always expanding.Coffee creamers appeal to a wide range of consumer tastes by offering a choice of flavours and alternatives, including plant-based, dairy-free, and flavor-infused solutions. The main market drivers are the desire for a rich, creamy cup of coffee, convenience, and personalisation. Innovation, product diversity, and altering customer tastes are some of the factors that continue to define the competitive landscape in the coffee creamer market.

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Coffee creamer and coffee whitener are beginning to be used by consumers in place of milk and cream. Over the past few years, there has been a noticeable rise in the proportion of consumers who are lactose intolerant. Because non-dairy coffee creamers don’t contain lactose, the market for them is anticipated to grow shortly.

Coffee creamer comes in a variety of flavours and can be used in both baked products and coffee brewing. It is more affordable and has a longer shelf life. Additionally, customers who are concerned about their health are favouring plant-based products, which is anticipated to help the demand for plant-based coffee creamers grow.

As an alternative to non-dairy creamers manufactured by hydrogenating vegetable oil, plant-based non-dairy creamers are made using plant-based milk, such as soy milk, almond milk, coconut milk, etc.

The high cost of the raw ingredients used in their manufacture makes these plant-based non-dairy creamers more expensive overall, despite the substantial predicted growth rate. Over the course of the forecast period, this is anticipated to have a favourable impact on the market growth for coffee creamers.

Key Takeaways from Market Study

North America is expected to account for the maximum value share of the global market of more than 20% by 2022 end
Rising consumption of coffee in different regions across the globe is predicted to drive the sales of coffee creamer during the assessment period (2022-2032)
By product type, non-dairy creamer is expected to account for the maximum market value share of the global market by 2022 end
In case of form segment, powdered coffee creamers are being preferred over the liquid ones
Indirect sales channel is expected to account for a higher market value share than direct sales channel by 2032 end

“Shifting preference towards dairy-free products and plant-based coffee creamers by health-conscious consumers is predicted to show an impressive rise in the demand for coffee creamer in the coming decade”, says a Future Market Insights analyst.

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Competitive Landscape

Manufacturers are shifting their focus towards developing coffee creamers in order to address the growing consumption of coffee. The market participants are offering varied products with different flavors owing to increasing consumer’s demand for personalized products based on its usage in different locations around the world.

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Global Coffee Creamer Market By Category

By Product Type, Global Coffee Creamer Market is segmented as:

Dairy-based Creamer
Non-dairy Creamer

By Nature, Global Coffee Creamer Market is segmented as:

Organic
Conventional

By Form, Global Coffee Creamer Market is segmented as:

Powder Coffee Creamer
Liquid Coffee Creamer

By Application, Global Coffee Creamer Market is segmented as:

Residential
Commercial
- Cafes and Cafeteria
- Hotels and Restaurants
- Others (Offices, etc.)

By Sales Channel, Global Coffee Creamer Market is segmented as:

Direct
Indirect
- Hypermarket/Supermarket
- Modern Grocery Stores
- Specialty Stores
- Convenience Stores
- Online Retail
- Other Channels

By Region, Global Coffee Creamer Market is segmented as:

North America
Latin America
Europe
East Asia
South Asia
Oceania

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Nandini Singh Sawlani

Canned Tuna Market: Navigating Towards a Whopping US$ 16,951.00 Million Valuation by 2034

The global canned tuna market size is projected to be worth US$ 16,951.00 million by 2034. According to the estimates, the market is anticipated to exhibit a 4.80% CAGR until 2034. In 2024, the canned tuna market size is valued at US$ 10,647.30 million.

While canned tuna is classified as white meat tuna (usually albacore) or light meat tuna (mostly skipjack, occasionally yellowfin), it is primarily distributed in the United States by three major brands: Starkist, Bumble Bee, and Chicken of the Sea. Though smaller-label brands are commercially available in the United States, large corporations account for more than 80% of canned tuna in the country.

However, tuna fishing occurs mainly in the Pacific Ocean, though Atlantic Ocean, Indian Ocean, and Mediterranean Sea also contributes a large amount of canned tuna raw material in terms of yield. Japan, Indonesia, and the Philippines are the top countries that produce the most of tuna fishing yield, while Thailand has become one of the major sites of tuna processing plants, contributing almost 25% of canned tuna in the world.

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Key Takeaways from Market Study

The canned tuna market is worth of USD 9.8 Bn sales in 2022.
The canned tuna market is expected to expand at CAGRs of 4.4% through 2032.
Global canned tuna demand is projected to grow year-on-year (Y-o-Y) growth of 3.8% in 2022.
The canned tuna market is growing with a notable boost towards the production to reach USD 15.0 Bn by 2032.
High product demand, soaring production, and widespread usage in food industry are the factors driving growth of the market and to be the influencing factors among consumers, which is driving sales of canned tuna across global markets.
Demand for canned tuna grew at 3.5% CAGR between 2017 and 2021.
StarKist Co., Bumble Bee Foods, LLC, Hagoromo Foods Corporation, American Tuna, Inc., and Bolton Alimentari S.p.A. are expected to be the top players in the industry.
Canned tuna market along with skipjack tuna species, flavored canned tuna, canned light tuna, solid format, ready to cook items, B2C sales channel are in heavy demand from food industry carrying a notable market share.

“Canned tuna, being an affordable source of protein, is one of the most consumed foods universally, which are fished in almost 70 countries around the world. Most tuna species are caught in the Pacific Ocean, however, majority of processing plants have shifted in Southeast Asia recently, especially Thailand or Eastern Pacific region. The US, European Union, and Japan are among the largest consumers of canned tuna in the world,” says a Future Market Insights analyst.

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Competitive Landscape

Key canned tuna brands are conducting several researches and looking for new strategic partnerships, while key business brands are focusing on developing the applications in food industry to generate high quality food and beverage solutions. The top players are focusing on new formulations and product innovations to gain market share and attract more customers towards the product.

In 2018, Bolton Food announced that the company made a commitment to source 50% of its tuna procurements to Greenpeace using selective fishing methods and 50% of tuna from purse seiners method by 2020, having FAD measures management in place.

Key Companies Profiled are StarKist Co., Bumble Bee Foods, LLC, Hagoromo Foods Corporation, American Tuna, Inc., Bolton Alimentari S.p.A., Chicken of the Sea, Hayati Group CO., LTD., Nostromo SpA (Calvo Group), Organico Realfoods LTD, Kiril Mischeff Limited, Others

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

The study offers compelling insights based on tuna species (skipjack, albacore, yellowfin, bluefin, bigeye, and others), flavor (unflavoured and flavoured), product type (canned white tuna and canned light tuna), product format (plain, chunk, solid, shredded, flakes, fillets, and others), usage format (ready to cook and ready to eat), and sales channel (B2B / HoReCa and B2C), across seven major regions of the world.

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Carton Liners Market Poised for Sustainable Growth at 5.2% CAGR, Driven by Eco-Friendly Materials and Growing Pharmaceutical Demand

The global carton liners market is forecast to reach US$54.6 billion by 2033, growing at a CAGR of 5.2% from US$32.9 billion in 2023. This growth is fueled by the increasing demand for sustainable packaging solutions and the expanding pharmaceutical cold chain market.

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Eco-Friendly Solutions Gaining Traction

Consumers are increasingly prioritizing sustainability, driving a shift towards eco-friendly packaging options:

Biodegradable and Recyclable Materials: Carton liners made from these materials offer a responsible alternative to traditional plastic liners. Biodegradable materials decompose naturally, minimizing landfill waste, while recyclable materials promote resource conservation through a circular economy.
Replacing Single-Use Plastics: Eco-friendly carton liners offer a more sustainable option compared to plastic liners, which take centuries to decompose and harm the environment.
Enhanced Brand Image: Companies committed to sustainability can attract eco-conscious consumers and build brand loyalty by adopting eco-friendly carton liners.

Technological Advancements Drive Innovation

Technological advancements are transforming carton liners into sophisticated solutions:

Specialized Coatings: Anti-static coatings prevent static electricity buildup, protecting sensitive electronics during shipping. Moisture-resistant coatings safeguard products from water damage, making them ideal for pharmaceuticals, food, and electronics.
High-Performance Materials: A wide range of materials are now available, offering varying degrees of strength, flexibility, and durability to meet specific application needs. Corrugated board, kraft paper, and micro-flute materials provide customized protection.

Industrial Packaging Sees Rise in Carton Liners

The industrial sector is increasingly adopting carton liners due to their unique benefits:

Enhanced Protection: Carton liners provide an additional layer of cushioning and protection for bulk and heavy items during handling and transportation, preventing damage from physical impacts, abrasion, and scratches.

Food & Beverage Remains Largest End-Use Segment

The food and beverage industry continues to be the primary driver of carton liner demand:

Safeguarding Perishable Items: Carton liners offer an extra layer of protection against moisture, contaminants, and external elements, ensuring the freshness and quality of food products.
Rising Demand for Convenience Food: The growing consumer preference for fresh and ready-to-eat food is expected to further increase the demand for carton liners in the food and beverage sector.

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Asia Pacific Leads Market Growth

The Asia Pacific market is expected to witness significant growth due to:

Increased Use of Cartons: The growing use of cartons for packaging and shipping in China, India, and ASEAN countries is driving the demand for carton liners.
Focus on Sustainability: Research and development efforts are underway to leverage bioplastics and other eco-friendly materials for carton liners, addressing plastic pollution concerns.

Looking Ahead: A Sustainable Future for Carton Liners

The carton liners market presents a promising outlook. The convergence of growing environmental concerns, technological advancements, and rising demand across various industries positions carton liners for continued expansion. Market participants who prioritize sustainable materials, innovative technologies, and solutions tailored to specific applications will be well-positioned to capitalize on this growing market.

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Market Segmentation
By Material:
Polyethylene
Polystyrene
Aluminum Foil
Others

Application:
VCI (Volatile Corrosion Inhibitors)
Thermal Protection
Static Shielding / ESD Protection
Moisture and Oxygen Barrier
Others

End-Use Industry:
Food Industry
Metal Industry
Automotive Industry
Building & Construction Industry
Chemical & Fertilizers Industry
Healthcare Industry
Others (Publications & Textiles)

Author

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.

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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Winch Drive Market Poised to Exceed US$ 2,158.7 million by 2033, Riding a Steady 6.5% CAGR Growth Trajectory

In 2023, the Winch Drive market is expected to be worth US$ 1,150.0 million. The market is expected to reach US$ 2,158.7 million by 2033, expanding at a 6.5% CAGR throughout the forecast period. The Winch Drive industry is driven by several factors, including rising urbanization which is resulting in increment of recreational activities, increasing road transportation and marine industries.

Winch Drives are necessary part of safety equipment and is primarily employed to leverage that cable tension to pull or lift an object. The need for Winch Drives is mainly being driven by the expansion of construction, transportation and maritime sectors. The increased demand for these gadgets is also being fueled by growing popularity of recreational sports, fishing and boating.

The Winch Drive industry faces several obstacles, including high initial costs and a lack of suitable alternatives. In industrial applications of which drives the initial cost is considerably high and it creates a barrier for a consumer with an application where winch drives are used in a large quantity. Winch system market has another downfall due to lack of available products in all regions for all the application which makes it difficult for consumer to search for a product suitable for the application.

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Despite of these hurdles market offers plenty of growth opportunities for key manufacturer as well as local players. The Winch Drive industry has a lot to gain from the expansion of the rapidly increasing construction and mining businesses where inches are deployed in a large scale for lifting and moving heavy objects.

The creation of inventive technologies like hybrid Winch Drives, which can function on both conventional and non-conventional energy sources and smart winch drives which consist of digital technology are the most recent trends in the Winch Drive industry. With current advancements in modern electromechanical devices it is possible to analyze system objects and their status along with a digital representation to provide an easy control over the operations. Managing the condition of each part is an effective way of preventing unexpected errors and improve equipment safety.

Key Takeaways from the Winch Drive Market:

The Winch Drive industry in the United States is predicted to reach US$ 1,125.3 million by 2033, increasing at a 6.8% CAGR.
The Winch Drive industry in Canada is estimated to reach a market share of US$ 607.8 million, expanding at a CAGR of 6.5% by 2033.
During the forecast period, the Winch Drive industry in Germany is expected to reach a market share of US$ 357.9 million, securing a 6.3% CAGR.
The Winch Drive industry in Japan is predicted to reach US$ 265.6 million by 2033, increasing at a 5.8% CAGR.
China’s Winch Drive industry is predicted to achieve a market share of US$ 206.4 billion, rising at a 6.7% CAGR during the forecast period.
With a CAGR of 7.1% from 2022 to 2033, the lever winch segment is expected to dominate the Winch Drive industry.
With a CAGR of 6.9% from 2022 to 2033, the recreational activity industry is expected to dominate the Winch Drive industry.

How Does the Competition Look in the Winch Drive Market?

The Winch Drive industry has a highly competitive landscape, with a significant number of global and local players trying for bigger market share. Several significant participants in this industry comprise Warn Industries, Westgate, KTM, Spicer, Meriton, Borg Warner, Eaton Corporation, Remy International, Twin Disc, Marathon Electric etc.

Key manufacturers of the product notably invest in research and development activities to innovate novel and inventive goods that provide improved effectiveness, safety, and affordability. Manufacturers primarily focus on improving the range of the product suitable for a variety of applications to cover wider clientele and meet the consumer demand.

Strategic partnerships and alliances between two players allows players to increase their product portfolio to meet the requirement of consumers. Research partnerships targeted on product development not only reduces the time required to achieve goals but also provides a wider business exposure.

A merger between two companies eliminates competition among them, thus reducing the advertising price of the products. In addition, the reduction in prices will benefit customers and eventually increase sales. Mergers may result in better planning and utilization of financial resources. These mergers or acquisition by key players help the key manufacturers in increasing their global presence and simultaneously offers a local player an international recognition.

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Segmentation Analysis of the Winch Drive Market

By System Type:

Lever Winch
Snubbing winch
Air Winch
Glider Winch
Capstan Winch
Mooring Winch
Westlake Winch

By Motors used:

Permanent Magnet Motor Winch
Series wound Motor Winch

By Gear Type:

Planetary Gear
Worm Gear
Spur Gear

By Industry Application:

Recreational
Agriculture
Construction
Transportation
Mining
Military
Fishing

By Region:

North America
Latin America
Western Europe
Eastern Europe
East Asia
South Asia & Pacific
The Middle East & Africa

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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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