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Envisioning Success: Gum Rosin Industry's Journey to US$ 2,460.2 Million by 2033

The global gum rosin industry is expected to witness an average CAGR of 4.7% from 2023 to 2033. The target market in this region will be worth US$ 2,460.2 million by 2033, risen from the estimated $1,554.2 million in 2023. The gum rosin market has historically grown at a sluggish 3.6% CAGR, reaching a value of US$ 1,483.7 million in 2022. Gu rosin’s rising use in paints, coatings, adhesives, paper, and inks bodes well for the gum rosin industry, as these items are in high demand.

Gum rosin is a solid resin made from pine chemicals found in pine trees and other plants. Gum rosin, commonly known as colophony, is made by heating fresh liquid resin and allowing the volatile liquid terpene compounds to evaporate. It is composed of pimaric and abietic acids, as well as some neutral compounds. Gum rosin is semi-transparent and comes in a variety of colors ranging from yellow to black.

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The rising employment of gum rosin in adhesives has a favorable impact on the market. Natural additives are becoming more popular in a variety of industry sectors. Gum rosin is also used in the automobile and construction industries because it is employed in the paints and coatings used in these industries. Other applications of gum rosin include its use as a glazing agent in chewing gum and medications, as a dispersion, and as an emulsifier in the synthetic rubber sector, which will drive global demand for gum rosin. Again, the strong friction-enhancing qualities of gum rosin will drive greater demand for the material in the future years.

Gum rosin has good physical and chemical qualities, allowing it to be used in the production of adhesives, printing inks, paper sizing agents, solders and fluxes, surface coatings, insulating materials, synthetic rubber, chewing gums, soaps and detergents. Gum rosin can also be used to avoid slippage on violin and other string instrument bows, dancing shoes, floors, and stages. All of these factors, as well as others, move the gum rosin market ahead in the international arena.

Key Takeaways:

Availability of substitutes may hamper the growth prospects for the gum rosin market.

Expansion of the adhesives and paints sector will open avenues of growth for the target market.

The gum rosin market in China will register a CAGR of 5.3% and create an absolute dollar opportunity of US$ 648.0 million by 2033.

Surging residential and commercial infrastructure projects will bolster the gum rosin market in India to grow at a CAGR of 5.7% during the assessment period.

By product type, the WW-type segment will account for 38% of the market share in 2023 due to its extensive usage in paper sizing for maintaining textures and colors.

In terms of application, the adhesive segment will continue to dominate the market.

Competitive Landscape 

Naval Overseas, Punjab Rosin and Chemicals Works, and Forestar Chemical Co., Ltd., among others, are a few of the key players in the gum rosin market profiled in the full version of the report.

In a highly fragmented environment, prominent market players are concentrating on the acquisition of smaller firms. The development of novel and sustainable products, and increasing research efforts to adopt new technologies for eco-friendlier manufacturing of gum rosin are some of the other strategies adopted by these businesses.

More Insights into Gum Rosin Market 

FMI offers the latest, unbiased, and detailed analysis of the global gum rosin market, providing historical data from 2017 to 2022 and forecast statistics for 2023 to 2033. To understand the global market potential, growth, and scope, the market is segmented based on product type, application, and region.

According to the reports, based on segmentation, the WW-type of gum rosin will remain popular in the global market due to its rising usage in paper sizing. Based on application, the adhesive category will continue to dominate the market with a share of 28%. Rising demand for adhesives from the automotive sector will push the segment to expand at a CAGR of 5.9% between 2023 and 2033.

Based on region, the gum rosin market in India will exhibit impressive growth during this period. The target market in this country will grow at a CAGR of 5.7%. Factors like the elevated application of gum rosin in adhesives and its consequent usage in residential and commercial infrastructure projects will foster the growth of the market in India. Besides India, China too will present notable growth in the gum rosin market. Thus, India and China will significantly contribute to the growth of the gum rosin market during the projection period.

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Envisioning Success: Dielectric Gases Industry's Route to US$ 272.3 Billion by 2033

The Di-electric Gases industry is predicted to increase at a 7.2% CAGR from US$ 135.2 billion in 2023 to US$ 272.3 billion in 2033.

The advantages of dielectric gases over high-risk oils are expected to drive the global market forward. Gears, transformers, gas-insulated lines, and high-voltage transmission units are among the applications for the material. It can also contribute to the reduction of the size and weight of high-voltage transmission units. The market is on a strong development trajectory as global energy consumption rises.

Rising Application Across Industries Drives Market Growth

The expansion of the construction industry, led by the residential and commercial sectors, is likely to enhance market growth. Because of its high energy consumption, the sector is a prospective market for di-electric gases.

Furthermore, due to an increase in IT, telecom infrastructure, and HVAC unit setups, the product is projected to find application in medium voltage substations. It also has important applications in insulation.

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Key Takeaways from the Report:

The di-electric gases market recorded a CAGR of 5.9% between 2017 and 2022.

In China, the market is expected to grow at a CAGR of 8.2%, to reach a valuation of US$ 61.4 Bn by 2033.

The US market is projected to grow at a CAGR of 5.9% to reach a market value of US$ 27.9 Bn by 2033.

The market in Japan is expected to register a promising CAGR of 4.0%, growing by US$ 2.5 Bn between 2023 and 2033.

By top application, the high voltage segment is expected to grow at a CAGR of 7.4% during the forecast period

Important Market Developments:

In March 2022, Enedis and Schneider Electric collaborated to launch an advanced MV/LV substation equipment. This equipment uses an eco-friendly alternative to SF6gas. This new gas variant is highly in demand due to its application in high-voltage electrical distribution.

In May 2022, Elsewedy Electric launched the first-ever busway dielectric system facility in Africa. It has features such as high preventive security standards, owing to short circuits, load distribution, and a lower magnetic field.

In February 2021, Husqvarna launched a new pole saw, 525 DEPS MADSAW, or Minimal Approach Distances

Key Players:

The 3M Company

Solvay S.A.

General Electric

The Linde Group

KPL International Limited

Matheson Tri-Gas, Inc.

Kanto Denka Kogyo Co., Ltd.

Showa Denko K.K.

ABB Inc.

Messer Group GmbH

Startups & Key Players Keen on innovations

The industry players are primarily focused on developing eco-friendly alternatives. This has carved out a lucrative space for startups to experiment. New market players can lure consumers through the introduction of eco-friendly products. This is also expected to make up for the lost SF6 market during the forecast period.

Key Segmentation

Gas Type:

SF6 Di-Electric Gases

Dry Air Di-Electric Gases

Nitrogen Di-Electric Gases

Fluoronitrile (FN) Di-Electric Gases

Fluroketones (FK) Di-Electric Gases

Others

By End Use Equipment:

Switchgear

Transformers

Gas Insulated Lines

Application:

Medium Voltage

High Voltage

Extra & Ultra High Voltage

By End Use Industry:

Power Utilities

Oil & Gas

Chemicals & Petrochemicals

Heavy Metals

Mining

Transportation

Other Industrial

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Antimicrobial Additives Industry's Route to US$ 20,809.5 Million by 2033

As per Future Market Insights (FMI), the global antimicrobial additives industry value is expected to rise from US$ 9,615.5 million in 2023 to US$ 20,809.5 million by 2033.Over the next ten years, global sales of antimicrobial additives are predicted to expand at an 8.0% CAGR.

The growing use of antimicrobial compounds in the food and beverage industries is driving the global market. As a result, the market will be driven by an increase in the usage of antimicrobial-protected products to reduce infection risk and improve safety.

Antimicrobial chemicals have evolved into crucial tools for preventing the growth of microorganisms. They extend the shelf life of objects and reduce the risk of disease transmission. As a result, they are increasingly being used in consumer goods such as clothes and packaged food.

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Antimicrobial demand is predicted to increase throughout the assessment period because to increased usage in industries such as healthcare, food & drinks, automotive, and electronics.

Antimicrobial compounds are used in the healthcare business to keep hospitals sanitary. They are used to reduce the spread of diseases in medical equipment such as ventilators, examination tables, and hospital beds.

Rising demand for antimicrobial-containing medical devices will drive sales in the global market through 2033.

Because of the increasing demand for safe consumer items and rising awareness and customer preference for antimicrobial products, North America remains the major user of antimicrobial additives in the region.

Leading antimicrobial additive producers are working on extending their client base and footprints by acquiring local players and developing new innovative products. They are investing much in R&D to meet regulatory standards and to identify innovative uses for the same.

Key Takeaways from the Antimicrobial Additives Industry Report

The global market of antimicrobial additives is projected to expand at 0% CAGR between 2023 and 2033.

By product type, the inorganic segment is expected to remain a prominent segment accounting for over 60% of the overall market.

By application, hygiene chemicals segment is expected to account for around one-fourth of the global antimicrobial additives consumption.

The United States antimicrobial additives market is poised to thrive at 4% CAGR through 2033.

Antimicrobial additive demand in China is forecast to increase at 6% CAGR from 2023 to 2033.

“The market for antimicrobial additives has the potential for significant growth because there is an increasing demand for products that are capable of self-cleaning and can prevent the spread of harmful microorganisms. This in turn will create a plethora of opportunities for antimicrobial additive manufacturers.” – says a lead analyst at FMI

Competitive Landscape

The global antimicrobial additives market is moderately consolidated with key players holding around 33% to 38% of the market share. BASF SE, Lanxess AG, DuPont de Nemours, Inc., Ecolab, Inc., Solvay S.A., and others are the leading antimicrobial additive manufacturers profiled in the comprehensive version of the report.

Key players are certainly focusing on expanding their production capacity to increase their market presence all over the globe and to gain maximum traction in the market. They are also investing significantly in acquisitions to curb their competition. For instance,

In 2022, to strengthen its antimicrobial additives portfolio, Polygiene acquired the SteriTouch business of Radical Materials.

Key Segmentation

By Product Type:

Organic

Inorganic

By Form:

Liquid

Powder

Masterbatch Pellet

By Application:

Hygiene Chemicals

Packaging

Personal Care and Cosmetics

Consumer Electronics, Durables & Appliances

Commercial and Household Products

Textile and Fabrics

Toys & Stationery

Paints, Coatings and Inks

Medical Devices (Healthcare Equipment)

Transportation

High Touch Surfaces (Handles/Locks/Countertops)

Others

By Region:

North America

Latin America

Western Europe

Eastern Europe

Russia and Belarus

Balkan and Baltic Countries

Central Asia

East Asia

South Asia and Pacific

Middle East and Africa

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Ferric Sulphate and Polyferric Sulphate Industry's Pathway to Greatness: Aiming for US$ 526.7 Million by 2028

According to Future Market Insights (FMI), the ferric sulphate and polyferric sulphate industry is expected to rise steadily, with a 4.4% year-over-year increase in 2022. By the end of that year, the market is estimated to be valued approximately US$ 425.7 million. FMI predicts continued growth, with the global market valued at US$ 526.7 million by the end of the projected period. The strong growth trajectory is being driven by rising demand for water treatment solutions in both the municipal and industrial sectors. Furthermore, advancements in manufacturing techniques and growing awareness of environmental sustainability are projected to drive market expansion.

Ferric Sulphate and Polyferric Sulphate are chemical compounds used in a wide range of industries and water treatment applications. These iron-based coagulants have risen in popularity due to their efficacy and low cost. Demand for these compounds is expected to soar in the coming years as global concerns about water quality and pollution develop.

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Iron-based coagulants Ferric Sulphate (Fe2(SO4)3) and Polyferric Sulphate (PFS) are generally employed in water treatment operations. They are made from iron-rich ores and are commonly available in liquid and solid forms. Because of their outstanding coagulation and flocculation capabilities, these compounds are extremely effective at removing impurities, suspended particles, and pollutants from water.

The fast rate of global industrialization, according to the primary findings of this research on the ferric and polyferric sulphate market, is causing an increase in water contamination. With increased awareness of water conservation and reuse in developing countries, governments in these economies are enforcing severe requirements for efficient sludge treatment.

As a result, enterprises are now required to cleanse sludge before disposal. Ferric and polyferric sulphate are important water treatment chemicals, and demand is likely to rise in the near future.

Municipal and Domestic to be Dominating End Use Sector

The Municipal & Domestic sector is expected to represent a market attractiveness rating of 5.0 and be a relatively attractive market segment during the forecast period. This segment is expected to account for over 25% market share both in terms of value and volume during the forecast period.

This is a result of increasing efforts towards water conservation activities by industry bodies, municipal corporations and environmental associations. Various regulations have been formed by environmental agencies and government authorities, which aim to achieve water conservation and reduce water pollution.

Sludge treatment is an integral part of such activities. During the forecast period, new water and sludge treatment facilities are expected to come up across the globe, which is anticipated to drive the consumption of sludge treatment chemicals across respective regions. With such trends prevailing in the world, the municipal and domestic sector is expected to reach a market value of over US$ 526.7 Mn by the end of 2027, growing at a CAGR of 4.4% during the forecast period.

APEJ and Latin America to Closely Compete in Terms of Growth Rate

Due to the expansion of key players and the presence of a large number of companies in the Chinese market, APEJ is expected to be the most attractive regional market for ferric and polyferric sulphate during the forecast period. APEJ is expected to witness the largest market size of over US$ 160 Mn by the end of 2027, growing at a CAGR of 5.3% during the forecast period.

Other than APEJ, Latin America and Eastern Europe are also expected to be lucrative regions with Latin America CAGR by Value 4.5%. This growth can be attributed to the rising demand for clean water in Brazil, Mexico and other parts of Latin America.

Competitive Landscape

Some of the key players mentioned in the report are

Pencco, Inc.

Altivia Chemicals, LLC

Kemira Oyj

Chemifloc Limited

Hunan Yide Chemical Co., Ltd.

Lubon Industry Co., Ltd.

Chemtrade Logistics Inc.

Clinty Chemicals

Henan Aierfuke Co. Ltd.

Airedale Chemical

BAUMINAS Group

Key Segmentation

By Product Type:

Ferric Sulphate

Poly Ferric Sulphate

By End Use:

Municipal & Domestic

Power Generation

Oil & Gas

Chemicals

Mineral & Metallurgy

Food & Beverages

Pulp & Paper

Others

By Region:

North America

Latin America

Estern Europe

Western Europe

APEJ

Japan

Middle East & Africa

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Bio-plastic Industry's Surge: US$ 1,353.3 Billion Target by 2033

The global bio-plastic industry is anticipated to reach a valuation of US$ 96.6 billion in 2023, driven by consumer education and awareness. The trend is likely to open up new prospects for the market, resulting in a projected CAGR of 30.2% between 2023 and 2033, with a total valuation of over US$ 1,353.3 billion by 2033.

The reduction of greenhouse gas emissions is one of the primary factors driving the growth of the bio-plastic market. Bio-plastics have a lower carbon footprint than ordinary plastics, which helps to cut greenhouse gas emissions and battle climate change.

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Bio-plastics are being used in novel packaging solutions, such as edible packaging, which can reduce food waste while also providing consumers with convenience. The automobile sector is looking into bio-plastics for interior and exterior components in order to reduce vehicle weight and increase fuel efficiency, which represents a substantial potential opportunity.

Biotechnology and genetic engineering advances are making it possible to produce bio-plastics from modified microbes and agricultural feedstocks, potentially boosting scalability and cost-effectiveness. Bio-plastics’ growth into a broader range of applications, such as 3D printing, electronics, and toys, broadens market potential.

The development of clear and widely accepted certification standards for bio-plastics can increase customer trust and enable business growth. Governments and organizations may offer economic incentives, such as subsidies or tax breaks, to encourage the use of bio-plastics and foster a circular economy.

Public-private collaborations and activities targeted at reducing plastic waste and promoting sustainable materials can help to establish an environment conducive to the emergence of bio-plastics. Scalability in bio-plastic manufacturing techniques such as fermentation and chemical synthesis can reduce production costs while increasing availability.

Because bio-plastics can be integrated into municipal composting systems, the demand for effective waste management solutions, particularly in metropolitan areas, may boost their adoption. Bio-plastics are being investigated as a sustainable alternative for numerous applications by the film industry, which includes the manufacturing of agricultural films and plastic wraps.

Advanced bio-plastic materials research, such as lignin-based and algae-based polymers, opens up possibilities for even more sustainable and diverse products. Consumers are actively looking for environmentally friendly products, which may fuel demand for bio-plastic packaging, disposable utensils, and other everyday items.

Key Takeaways from the Market Study

Global bio-plastic market was valued at US$ 74.2 billion by 2022-end.

From 2018 to 2022, the market demand expanded at a CAGR of 28.8%.

The market in China is expected to expand at a CAGR of 29.4% through 2033.

By material type, the PLA and PLA blends segment to expand at a CAGR of 30.1% through 2033.

From 2023 to 2033, bio-plastic market is expected to flourish at a CAGR of 30.2%.

By 2033, the market value of bio-plastic is expected to reach US$ 1,353.3 billion.

Collaborations between bio-plastic manufacturers and recycling facilities can help streamline the recycling and reuse of bio-plastics, enhancing their sustainability credentials, remarks an FMI analyst.

Competitive Landscape

Prominent players in the bio-plastic market are BASF SE, NatureWorks LLC, Toray Industries Inc, Evonik Industries, E. I. du Pont de Nemours and Company, DSM N.V, Arkema, Techno Polymer Co. Ltd, and RTP Company, among others.

Recent Developments:

In 2023, Danimer Scientific (US) announced the launch of its new bio-plastic product, Nodax PHA. Nodax PHA is a biodegradable bio-plastic that is made from renewable resources. The product is expected to be used in a variety of applications, including food packaging, single-use plastics, and agricultural products.

In 2022, ADM (US) announced the launch of its new bio-plastic product, Enviva PLA. Enviva PLA is a biodegradable bio-plastic that is made from renewable resources.

In the same year, Novamont (Italy) announced the expansion of its production capacity for bio-plastic at its plant in Italy. The expansion is expected to meet the growing demand for bio-plastic in Europe and other regions.

More Valuable Insights Available

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

To understand opportunities in the bio-plastic market, the market is segmented on the basis of material type (bio-PET, bio-PE, bio-PA, bio-degradable polyesters, PLA & PLA blends, starch blends, PHA, and others ), and applications (bottle, packaging, food-services, agriculture/horticulture, consumer products, and automotive), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)).

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

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Magnesium Hydroxide Industry's Roadmap to Triumph: Aiming for US$ 1,845.32 Million by 2033 with 5.8% CAGR

The global magnesium hydroxide industry was projected to reach US$ 992.5 million in 2022. By the end of 2023, the market is expected to be worth US$ 1,050.07 million USD. The magnesium hydroxide market is expected to increase at a 5.8% CAGR to US$ 1,845.32 million by 2033.

Because of the rising pharmaceutical and healthcare industries, companies that provide high-quality magnesium hydroxide for medicinal and therapeutic applications have potential. Businesses that provide magnesium hydroxide for pharmaceutical formulations may benefit from changing healthcare needs and an aging population.

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The global demand for magnesium hydroxide is being pushed by stricter environmental regulations in applications such as wastewater treatment and flue gas desulfurization (FGD). Businesses that provide environmentally friendly solutions can benefit from these regulatory incentives and brand themselves as eco-friendly suppliers.

Key Takeaways from the Market Study

The market for magnesium hydroxide expanded at a CAGR of 3.3% from 2018 to 2022.

The United States market for magnesium hydroxide will account for 34.8% of the market by 2023.

China is predicted to take 31.1% share of the global market for magnesium hydroxide in 2023.

By the end of 2023, the Japan market for magnesium hydroxide will hold 16.2% share of the global market.

By 2023, the market for magnesium hydroxide in France is expected to grow by 8.3%.

By 2023, it is anticipated that the magnesium hydroxide market in the United Kingdom will have a 7.4% market share.

Industrial magnesium hydroxide is anticipated to increase its market share to 25.8% in 2023.

In 2023, it is anticipated that this magnesium hydroxide use in the environment will have a 42% market share.

Significant businesses in this market are developing global supply chains and alliances to meet the growing demand for magnesium hydroxide, especially in emerging economies where industrial and environmental rules are changing, remarks an FMI analyst.

Competitive Landscape

Offering a variety of magnesium hydroxide grades as well as formulations suited to various sectors and uses is one way that many businesses try to diversify their product lines. They can get a bigger market share and produce more substantial income through catering for a variety of customer requirements.

Product Portfolio

China-based Xinyang Mineral Group is an expert in creating different magnesium-based compounds. Along with magnesium hydroxide and magnesium hydroxide, this also includes magnesium carbonate and magnesium sulfate. Construction, agriculture, and the pharmaceutical sectors all use these compounds.

One of the top manufacturers of magnesium products is Premier Magnesia. Magnesium hydroxide, magnesium hydroxide, and magnesium carbonate are just a few of the many compounds made from magnesium that they provide. Applications for these substances include environmental remediation, wastewater treatment, and industrial procedures.

Top Key Players in the Global Industry 

Xinyang Mineral Group

Martin Marietta Materials Inc.

Premier Magnesia, LLC

Kyowa Chemical Industry Co. Ltd.

Nedmag Industries Mining & Manufacturing B.V.

Huber Engineered Materials

Israel Chemicals Ltd.

Tateho Chemical Industries Co., Ltd.

Key Segmentation

By Grade:

Food/Pharma

Technical/Industrial

By Application:

Environmental

Pharmaceuticals

Chemicals & Others

By Region:

North America

Latin America

Western Europe

Eastern Europe

South Asia and Pacific

East Asia

The Middle East & Africa