#India Industrial Gases Market Trends

[blowhorn39]

2023 Wrapped: Here Are Top 10 Logistics Trends That Defined The Year

2023 has been a year of new beginnings for the Indian logistics industry. It is the year logistics companies bounced back from the post-pandemic slump and set out to recover from their losses. The year also witnessed a steady growth in eCommerce, with the spotlight on quick commerce and last mile logistics. The later part of 2023 saw the government extending generous support to digital commerce and logistics, through initiatives like Open Network for Digital Commerce (ONDC) and National Logistics Policy (NLP).

Looking back, we can confidently assert that 2023 has been a good year for India’s logistics sector. From the increased focus on supply chain sustainability to extensive experimentation with drone deliveries, here are the top trends that defined logistics this year.

1. Greener transportation and supply chain

The amount of greenhouse gases generated by India’s transportation sector has nearly tripled since the 1990s, accounting for over 14% of our total energy emissions. The problem is quite severe if we take into account the massive carbon footprint left by India’s booming supply chain.

In 2022, there was a rise in awareness around cleaner and greener logistics practices, with a nudge on electrifying India’s cargo transportation. Logistics and transportation startups unveiled their fleet of electric (EV) and clean energy vehicles. At Blowhorn, we converted 30% of our fleet to clean fuels and took the pledge of running 100% of our fleet on clean energy by 2025.

In addition, other green practices like solar-powered warehousing, eco-friendly packaging and paperless invoicing were also adopted widely.

2. Third party logistics

The concept of third-party logistics (3PL) took off in India only a few years back. In 2022, India’s 3PL market reached a staggering $58.4 Bn in valuation, with a projected annual growth of 7.42%.By 2027, the market is estimated to reach more than $83.53 Bn.

The 3PL market is primarily driven by manufacturing, FMCG, retail and eCommerce sectors — all of which experienced commendable growth this year. Keeping in mind the needs of the modern Indian entrepreneur, 3PL service providers are also improving their operational speed with the incorporation of technology.

In the coming days, development of infrastructures like logistics parks, dedicated freight corridors, free trade warehousing zones, and container freight stations are expected to improve the efficiency of the Indian 3PL market.

3. Higher investment in technology

With higher investment technology seeping into eCommerce, retail, education, hospitality, finance, and all other sectors, why should logistics be left behind? With increasing market demand for superfast delivery, Indian logistics startups invested more on modern technology to boost their operations.

Experts believe that India is headed towards a technological revolution in logistics. Tech like Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT) are optimally benefitting the supply chain in terms of seamless management, improved route planning, warehouse automation, digital payments and much more.

At Blowhorn, we are already speeding up our deliveries with AI-powered route optimization software. Our automated warehouse management system helps in seamless handling of stored inventory and order dispatch, while we offer a real-time tracking system for all our orders. We have also adopted novel technologies like geo-fencing to reduce the menace of fake delivery attempts.

4. LaaS (Logistics as a Service)

We are well-acquainted with Software as a Service (SaaS) companies. This year saw the emergence of companies following a similar model in fulfillment, offering Logistics as a Service (LaaS). Ideally, this presents a plug and play model for your business’s logistics needs, which you can avail via a simple integration with your 3PL partner.

Blowhorn has set the ball rolling for LaaS in India, offering end-to-end logistics solutions with warehousing, transportation and hyperlocal delivery.

5. Greater supply chain transparency

With rising consumer concerns, logistics stakeholders worked towards improving supply chain visibility and transparency in 2023. Companies are striving to become more transparent with regards to the sustainability of their supply chains. Globally, 2023 saw more companies offering insights on their labor practices, job creation, sourcing methods and compliance with regulatory requirements — in a bid to enhance their brand image among the conscious modern consumer.

6. Blockchain in last mile logistics

While AI is helping to improve speed and efficiency, blockchain has been deemed as a viable solution for more transparency and visibility in last mile logistics. In India and abroad, companies have started incorporating blockchain to optimize the last mile deliveries. The technology has found best use in high value inventory tracking, secure invoicing and payments, fraud detection, improved supply chain transparency, dispute resolution and creating a fair freight marketplace.

With the launch of Open Network for Digital Commerce (ONDC) by the Indian government, there is hope that we will witness further adoption of blockchain in the digital commerce and logistics space. In fact, ONDC itself is a blockchain-based protocol which aims to create a fair and transparent marketplace for small and medium-sized businesses across India. With Blowhorn being one of the early participants of ONDC, we too are waiting and watching the best use case for blockchain in our fulfillment services in the near future to help our customers.

7. Micro-fulfillment > Traditional Warehousing

2022 saw a rise in demand for same day delivery, which is quite difficult to fulfill if your inventory is stocked in a warehouse far away from the customer's location. The longer the delivery distance, the more the delivery time — a simple thumb rule to keep in mind.

This is why top in 2023 opted for micro ecommerce-fulfillment centers or micro-warehouses. The concept of micro-warehousing follows a just-in-time inventory management approach, with goods never staying here for more than a day. The limited inventory is stocked in a network of collocated storehouses at high-demand pincodes. Not only does the process help in reducing a brand’s capital spend on inventory, but it also improves efficiency and decreases resource wastage.

Much before the pandemic, we launched India’s first micro-warehouses or micro-fulfillment centers as an experiment in 2018. Now we maintain an expansive network of micro-warehouses across 28 cities of India. Read this article to find out why more eCommerce startups are choosing micro-fulfillment in 2023-24.

8. Automation in shipping

When it comes to automation in shipping, the process works on a predefined pathway involving packaging, warehousing, material handling and security. In India, the adoption of automation in logistics and shipping has been steadily increasing since the pandemic.

In 2023, 3PL fulfillment companies like Blowhorn incorporated automated solutions to boost efficiency by** reducing overhead costs** and time, streamlining the supply chain and minimizing the chances of manual errors.

9. Extensive focus on hyperlocal logistics

2023 saw a high growth in the hyperlocal space with the emergence of newer players in the quick commerce sector. Meanwhile, eCommerce giants and existing logistics players focused more on faster deliveries to not miss out on their customer needs.

Improved internet penetration led to the growth of fast fulfillment in suburbs and rural belts, thus creating a need for hyperlocal elements like dark stores, micro-ecommerce fulfillment centers along with local delivery jobs.

At Blowhorn, we have developed a platform-agnostic technology to be able to integrate with a wide range of businesses ranging from D2C, marketplaces and omni channel players. Our hyperlocal strategy is defined by AI-based dynamic route planning, real-time order clubbing, automated warehousing, blockchain and even drone deliveries. We are aiming to build a sustainable hyperlocal delivery system to tackle small profit margins, high overhead costs and ever-evolving consumer expectations.

10. Experimentation with Drone Deliveries

Delivery by drones is not new. The idea has been widely explored by logistics providers across India but is yet to be adopted at scale. The idea of mapping a three-dimensional delivery route via drones holds immense potential and has excited the Indian government authorities as well. Jyotiraditya Scindia, the Union Minister for Civil Aviation, has stated the administration’s objective to turn India into a major drone hub by 2030.

Leading logistics players like Blowhorn and others are already chalking out the blueprint to make drone delivery an everyday reality. Gartner predicts that by 2026, more than one million drones will be carrying out retail deliveries, up from 20,000 today. Last year, the Indian government also released the draft of The Drone Rules, 2021, aiming to liberalize drone delivery while fulfilling the safety regulations. Autonomous last-mile delivery via these mini flying machines will significantly determine the growth trajectory of Indian logistics in the upcoming future.

[businessindustry]

Cryogenic Valves Market Size, Trends, Research Report - 2032 | Reports and Insights

The Reports and Insights, a leading market research company, has recently releases report titled “Cryogenic Valves Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Cryogenic Valves Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the Cryogenic Valves Market?

The global cryogenic valves market size reached US$ 3.8 billion in 2023. Looking forward, Reports and Insights expects the market to reach US$ 6.5 billion in 2032, exhibiting a growth rate (CAGR) of 6.2% during 2024-2032.

What are Cryogenic Valves?

Cryogenic valves are specifically designed to control the flow of extremely cold gases and liquids, typically at temperatures below -150°C (-238°F). They are crucial for managing cryogenic substances such as liquid nitrogen, helium, oxygen, and natural gas in industries like aerospace, energy, medical, and chemical processing. Built to maintain secure seals and provide effective insulation, these valves prevent leaks and reduce thermal loss even under extreme cold conditions. Their construction materials and design enable them to endure the expansion and contraction caused by low temperatures, ensuring safe and reliable performance in demanding applications.

Request for a sample copy with detail analysis: https://www.reportsandinsights.com/sample-request/1931

What are the growth prospects and trends in the Cryogenic Valves industry?

The cryogenic valves market growth is driven by various factors and trends. Cryogenic valves are designed to manage the flow of extremely cold liquids and gases, typically at temperatures below -150°C (-238°F), such as liquid nitrogen, helium, and oxygen. Essential for sectors like aerospace, energy, medical, and chemical processing, these valves ensure precise control and safe handling of cryogenic fluids. Built to endure the harsh conditions of low temperatures, cryogenic valves are constructed with materials and insulation methods that prevent leakage and reduce thermal loss. Their design accommodates the expansion and contraction of materials due to temperature changes, providing reliable and efficient performance in demanding environments. Hence, all these factors contribute to cryogenic valves market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

By Paper Type: 

Matte Paper

Glossy Paper

Semi-gloss Paper

By Application:

Universal Files Copy Application

Advertisement Making Application

Graphic Design Application

Market Segmentation By Region:

North America:

United States

Canada

Europe:

Germany

United Kingdom

France

Italy

Spain

Russia

Poland

BENELUX

NORDIC

Rest of Europe

Asia Pacific:

China

Japan

India

South Korea

ASEAN

Australia & New Zealand

Rest of Asia Pacific

Latin America:

Brazil

Mexico

Argentina

Rest of Latin America

Middle East & Africa:

Saudi Arabia

South Africa

United Arab Emirates

Israel

Rest of MEA

Who are the key players operating in the industry?

The report covers the major market players including:

Emerson Electric Co.

Flowserve Corporation

Schlumberger Limited

Parker Hannifin Corporation

Velan Inc.

Herose GmbH

Chart Industries, Inc.

Cryogenic Limited

L&T Valves Limited

Bray International, Inc.

Powell Valves

Habonim Industrial Valves & Actuators

Valco Group

Samson AG

Valvesco AG

View Full Report: https://www.reportsandinsights.com/report/Cryogenic Valves-market

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us:

Reports and Insights consistently mееt international benchmarks in the market research industry and maintain a kееn focus on providing only the highest quality of reports and analysis outlooks across markets, industries, domains, sectors, and verticals. We have bееn catering to varying market nееds and do not compromise on quality and research efforts in our objective to deliver only the very best to our clients globally.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact Us:

Reports and Insights Business Research Pvt. Ltd. 1820 Avenue M, Brooklyn, NY, 11230, United States Contact No: +1-(347)-748-1518 Email: sales@reportsandinsights.com Website: https://www.reportsandinsights.com/ Follow us on LinkedIn: https://www.linkedin.com/company/report-and-insights/ Follow us on twitter: https://twitter.com/ReportsandInsi1

[tamanna31]

Advanced Ceramics Market - The Biggest Trends to watch out for 2024-2030

Advanced Ceramics Industry Overview

The global advanced ceramics market size was estimated at USD 107.00 billion in 2023 and is projected to grow at a CAGR of 4.2% from 2024 to 2030. 

Increasing demand for advanced ceramics in various industries, coupled with growth in the medical and telecom sectors, is expected to drive market expansion. Advanced ceramics, also known as technical ceramics, possess improved magnetic, optical, thermal, and electrical conductivity. End-users can reduce their production and energy costs by utilizing advanced ceramics that provide high efficiency to end products.  Asia Pacific is a leading market for advanced ceramics in the world in terms of their consumption.

Gather more insights about the market drivers, restrains and growth of the Advanced Ceramics Market

The rise in demand for advanced ceramics in the U.S. can be attributed to an increasing preference for lightweight materials across various industries. The production and consumption of these materials and components for the electrical and electronics sectors have been on the rise due to the growing need for uninterrupted connectivity. Furthermore, flourishing electric vehicle (EVs) and defense sectors have also contributed to market growth.

For instance, in 2023, under the National Defense Authorization Act of the U.S., the country authorized USD 32.6 billion for Navy shipbuilding, an increase of USD 4.70 billion. Also, in April 2023, the EPA announced new and stricter environmental rules for light- and medium-duty vehicles. The rules are expected to apply to vehicles manufactured from 2027 to 2032, covering greenhouse gases (GHG) and other pollutants, including ozone, nitrogen oxides, particulate matter, and carbon monoxide.

Advanced Ceramics Market Segmentation

Grand View Research has segmented the global advanced ceramics market report based on material, product, application, end-use, and region:

Material Outlook (Revenue, USD Million, 2018 - 2030)

Alumina

Titanate

Zirconate

Ferrite

Aluminum Nitride

Silicon Carbide

Silicon Nitride

Product Outlook (Revenue, USD Million, 2018 - 2030)

Monolithic

Ceramic Coatings

Ceramic Matrix Composites (CMCs)

Application Outlook (Revenue, USD Million, 2018 - 2030)

Electric Equipment

Catalyst Supports

Electronic Devices

Wear Parts

Engine Parts

Filters

Bioceramic

Others

End-use Outlook (Revenue, USD Million, 2018 - 2030)

Electric & Electronics

Automotive

Machinery

Environmental

Medical

Others

Regional Outlook (Revenue, USD Million, 2018 - 2030)

North America

US

Europe

Germany

UK

Asia Pacific

China

India

Central & South America

Brazil

Middle East and Africa

Saudi Arabia

Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

The KSA cement market size was estimated at USD 3.99 billion in 2023 and is projected to grow at a CAGR of 7.0% from 2024 to 2030.

The global linear slides market size was estimated at USD 2.73 billion in 2023 and is expected to grow at a CAGR of 6.6% from 2024 to 2030. 

Key Advanced Ceramics Company Insights

Some of the key players operating in the market include Kyocera Corp. and CoorsTek.

Kyocera Corp. is a multinational electronics and ceramics manufacturer based in Japan. Its advanced ceramics division offers a wide range of products, including cutting tools, industrial components, and electronic devices. Kyocera's advanced ceramics are known for their high quality, durability, and performance, making them a preferred choice in industries, such as automotive, aerospace, and medical

CoorsTek is a privately owned manufacturer of technical ceramics based in the U.S. It produces a diverse range of advanced ceramic products, including components for semiconductor manufacturing, medical devices, and industrial equipment

Nexceris and Admatec are some of the emerging market participants in the advanced ceramics market.

Nexceris is an advanced materials company dedicated to developing innovative ceramic technologies for energy, environmental, and industrial applications. Headquartered in the U.S., Nexceris specializes in the design and manufacture of ceramic-based products including solid oxide fuel cells, gas sensors, and catalysts. Leveraging its expertise in materials science and engineering, Nexceris aims to address critical challenges in clean energy and environmental sustainability

Key Advanced Ceramics Companies:

The following are the leading companies in the advanced ceramics market. These companies collectively hold the largest market share and dictate industry trends.

3M

AGC Ceramics Co., Ltd.

CeramTec GmbH

CoorsTek Inc.

Elan Technology

KYOCERA Corporation

Morgan Advanced Materials

Murata Manufacturing Co., Ltd.

Nishimura Advanced Ceramics Co., Ltd.

Ortech Advanced Ceramics

Saint-Gobain

Recent Developments

In February 2023, MO SCI Corp., completed the acquisition of 3M's advanced materials business. This strategic move encompasses the transfer of more than 350 specialized pieces of equipment and associated intellectual property. By the fourth quarter of 2023, all acquired assets, including equipment and technology, will be fully integrated and operational at MO SCI Corp.'s headquarters in Rolla, Missouri

In June 2022, CoorsTek allocated more than USD 50 million towards the establishment of a cutting-edge advanced materials manufacturing campus spanning 230,000 square feet. This strategic investment aims to drive further innovation across multiple markets. The expansion represents a substantial commitment by CoorsTek to enhance its Benton facility, marking a pivotal milestone in the company's ongoing long-term investment strategy in Arkansas

Order a free sample PDF of the Advanced Ceramics Market Intelligence Study, published by Grand View Research.

[deccanew12]

Top Pump Parts Manufacturers & Suppliers in India | Deccanew.

Discover high-quality pump parts India from leading manufacturers and suppliers. Explore a wide range of durable, reliable components for all pump types. Learn more!

Pump parts encompass the essential components and accessories used in pumps to ensure their efficient operation and maintenance. Pumps are mechanical devices designed to transfer fluids, including liquids and gases, from one location to another. The quality and reliability of pump parts are crucial for the smooth functioning and longevity of pumping systems. Choosing reputable manufacturers and suppliers becomes paramount in ensuring the performance and durability of these components.

Understanding the Pump Parts Market in India

1. Overview of Pump Parts: Pump parts are the components that make up the structure of a pump. These include impellers, shafts, seals, bearings, valves, and casings. Each part plays a crucial role in the pump's operation, affecting its efficiency, durability, and performance. The quality of these parts is essential for ensuring the smooth functioning of the entire pump system.

2. Why India is a Hub for Pump Parts Manufacturing: India is rapidly becoming a key player in the global pump parts market. Factors such as cost-effective production, availability of raw materials, and a skilled workforce contribute to this growth. The country's strategic location also makes it a favorable hub for both domestic and international clients.

Key Factors to Consider When Choosing Pump Parts

1. Material Quality: The material of the pump parts significantly impacts their durability and performance. Look for parts made from high-grade metals like stainless steel or specialized alloys that can withstand wear, corrosion, and high pressure.

2. Compatibility: Ensure the parts are compatible with your specific pump model. Mismatched components can lead to operational inefficiencies, increased maintenance costs, and premature wear.

3. Manufacturer’s Reputation: Opt for parts from reputable manufacturers who comply with international standards. Established brands like Deccanew, Kirloskar Brothers, and Crompton Greaves offer certified products, ensuring reliability and safety.

4. Cost-Effectiveness: While cost is an important factor, it should not compromise quality. Investing in premium parts from trusted manufacturers will ultimately save money in the long run by reducing downtime and maintenance costs.

The Role of Suppliers in Ensuring Quality and Availability

1. Access to a Wide Range of Products: Suppliers play a crucial role in bridging the gap between manufacturers and end-users. By partnering with multiple manufacturers, suppliers offer a wide range of products, making it easier for customers to find the right parts for their specific needs.

2. Competitive Pricing: Suppliers often provide competitive pricing due to bulk purchasing and long-standing relationships with manufacturers. This ensures cost savings for businesses looking to procure pump parts in large quantities.

3. Support and After-Sales Service: Reliable suppliers offer excellent customer support and after-sales service, ensuring that any issues with the parts are promptly addressed. This adds a layer of security and confidence in the purchase.

Future Trends in the Pump Parts Industry in India

1. Emphasis on Sustainability: With increasing awareness about environmental impact, manufacturers are focusing on sustainable practices, including the use of eco-friendly materials and energy-efficient production methods. This trend is likely to dominate the market in the coming years.

2. Technological Advancements: The integration of advanced technologies such as IoT (Internet of Things) and AI (Artificial Intelligence) in pump parts manufacturing is 

enhancing the efficiency, monitoring, and maintenance of pumps, reducing operational costs and downtime.

3. Expansion of Export Markets: India's pump parts industry is expanding its footprint in the global market, with increasing exports to the Middle East, Europe, and Southeast Asia. This growth presents opportunities for both manufacturers and  Pump Parts Suppliers to tap into new markets and enhance profitability.

The pump parts industry in India is flourishing, driven by quality manufacturing, innovation, and a growing demand for reliable components. Whether you are a manufacturer, supplier, or end-user, understanding the dynamics of this market can help you make informed decisions, ensuring optimal performance and longevity of your pump systems.

Visit: https://www.deccanew.com/pump-parts-manufacturers-suppliers-india.phpContact: 9657039991

[communicationblogs]

Adsorbents Market- By Type, By Form, By End-Use Application — Global Opportunity Analysis & Industry Forecast, 2024–2030

Market Overview

Adsorbents market size is forecast to reach US$10.8 billion by 2030 after growing at a CAGR of 6.3% during 2024–2030. Adsorption is the accumulation of atoms or molecules on the surface of a material. This process creates a film of the adsorbate on the adsorbent’s surface. Adsorbents are used to remove pollutants from oil and gas streams in the oil and gas sector and are also increasingly being used in the gas drying process. The escalating demand for adsorbents stems from their efficacy in ensuring clean air and water.

A prominent trend in the adsorbents market is the increasing focus on sustainable and bio-based materials. As industries seek environmentally friendly alternatives, bio-based adsorbents derived from renewable sources gain traction. Additionally, the rising emphasis on green technologies and the push for sustainable practices in various sectors further propels the adoption of bio-based adsorbents which contributes to a positive outlook for the adsorbents industry during the forecast period.

Report Coverage :

The report: “Adsorbents Market — Forecast (2024–2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the global adsorbents industry.

By Type: Activated Alumina, Activated Charcoal, Activated Clay, Silica Gel, Metal Oxides, Polymer Adsorbents, Zeolites (Molecular Sieves) (Type 3A, Others), and Others

By Form: Powder, Flakes, and Others

By End-Use Application: Oil and Gas Industry (Natural Gas Purification, Gasoline, Diesel and Jet Fuel Production, Others), Petrochemical Industry (Ethylene Production, Propylene Production, Xylene Separation, Others), Chemical Industry (Industrial Gases, CASE (Coatings, Sealants, Adhesives, and Elastomers), Others), Automotive and Transportation, Pharmaceutical and Food, Water Treatment, Nuclear Waste Remediation, Refrigerant (Commercial, Industrial), Building & Construction, Personal Care and Cosmetic, and Others

By Geography: North America (U.S.A., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Denmark, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East and Africa)

Inquiry Before Buying

Key Takeaways : 

The Asia Pacific dominates the Adsorbents Market owing to the rising growth and increasing investments in the pharmaceutical and food industry.

The strict government regulations governing pharmaceutical product manufacture, hygiene, and quality control lead to a surge in the demand for adsorbents.

The rising demand for adsorbents in water and wastewater treatment application, has been a critical factor driving the growth of the Adsorbents Market in the upcoming years.

Adsorbents Market Segment Analysis — By Type

The zeolites segment held the largest share in the Adsorbents Market in 2023. Zeolites have a high degree of hydration, which results in a stable low-density crystal structure with a large void volume. Zeolites have been employed as an adsorbent in non-technically demanding, non-regenerative applications over the past two decades. New lightweight cementing methods for oil and gas completions to new modified zeolite adsorbents for extracting metals or organics from water are just a few of the new inventive applications. Systems for zeolite gas treatment, pressure swing adsorption, smell control, and other specific applications are being developed. Inorganic adsorbents, particularly for environmental applications, industrial gas production, and specialized chemicals, are the most valuable applications for zeolites and synthesized zeolites. Thus, the rising usage of zeolites in various applications, have uplifted the Adsorbents Market growth, in the forecast period.

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Adsorbents Market Segment Analysis — By End-Use Application

The petrochemical industry held the largest share in the market in 2023 and is expected to grow at a CAGR of 7.4% during 2024–2030. Adsorbents are utilized in the petrochemical industry to remove trace contaminants such as water and sulphur in the feed, intermediate, and product streams, for the smooth operation of the plant. The usage of the right adsorbent is necessary for the petrochemical plants due to the reactivity of ethylene plant streams. In the petrochemical industry, adsorbents are used for the effective removal of a wide range of contaminants from olefin-containing streams, complete system solutions for the treatment of off-gas streams from catalytic crackers (FCC, DCC, CPP) and acetylene producing units, and long lifetime and easy operability. The surging demand for adsorbents is due to the rising investments in its end use industry such as petrochemical industry. For instance, according to Alberta’s Industrial Heartland Association, the petrochemical sector in Alberta has the potential to increase by more than US$30 billion by 2030. Thus, the rising investments in the petrochemical industry of various countries will further drive the growth of the adsorbents market over the forecast period.

Adsorbents Market Segment Analysis — By Geography

Asia-Pacific region dominated the adsorbents market in terms of revenue with a share of 38% in 2023 and is projected to dominate the market during the forecast period 2024–2030. The growing demand for adsorbents, along with the high purchasing power in countries such as China, India, and Japan, tends to become a potential market for adsorbents during the forecast period. The surging adoption of adsorbents in the petrochemical, oil, and gas, and other sectors are driving the adsorbents market in China. Currently, several initiatives taken by organizations for the development of new petrochemical plants in the country have increased the demand for adsorbents. In November 2022, Saudi Aramco announced plans to invest in a US$7 billion project to produce petrochemicals from crude oil at its South Korean affiliate S-Oil Corp’s refining complex in the port city of Ulsan. In March 2023, Indian Oil announced plans to build a petrochemicals complex at Paradip with an investment of $7.3 billion. Such investments will drive the demand for adsorbents in this region during the forecast period. Adsorbents Market Driver :

Strict Government Regulations Governing Pharmaceutical Product Manufacture, Hygiene, And Quality Control Are Boosting Demand for Adsorbents

Pharmaceutical companies are putting a greater emphasis on quality control, which includes the use of adsorbents in procedures like instrument drying, drying of air-synthesis products, and deodorization. Several types of adsorbents are utilized in the pharmaceutical sector, with a selection depending on the application requirement. Activated carbon, for instance, is used to remove contaminated or by-products during the drug formulation process, whereas activated alumina is used to recover Pyrogen-free pharmaceuticals and as a desiccant for drying air and industrial gases. Also, silica gel is also employed in column chromatography as a pharmaceutical adsorbent, where it assists in the separation or collection of various medication components. Regulations mandating the use of adsorbents in the pharmaceuticals sector such as, by the United States Pharmacopeia (USP), Japanese Pharmacopeia (JP), and so on are also influencing the adsorbents market growth in the pharmaceutical sector. For instance, according to Invest India, the pharmaceutical industry in India is expected to reach $65 billion by 2024 and to $130 billion by 2030.

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Adsorbents Market Challenge

Reduced Shelf Life Due to High Level of Impurities Will Hamper the Market Growth

Although adsorbent materials can attract molecules to their surfaces, this ability is limited. Once the capacity has been reached, continued refining and purification will produce an equilibrium, which will lead to desorption. Adsorbents are utilized for adsorption of various pollutants and impurities such as carbon dioxide or hydrogen sulphide, mercaptans, manufacturing chemicals, and hydrate inhibitors in refining and purifying processes. The current contaminants react with the adsorbents at this point, causing the adsorbent to regenerate. These pollutants either renew or eliminate the adsorbent. The service life of adsorbents is determined by the material’s regeneration capacity, which could be a stumbling block for the overall adsorbents market.

Adsorbents Industry Outlook

Top 10 companies in the adsorbents market include:

BASF SE

Arkema SA

Honeywell International Inc.

Cabot Corporation

W. R. Grace & Co.

Clariant AG

Mitsubishi Chemical Corporation

Calgon Carbon Corporation (Kuraray)

Evonik Industries

Axens Group

For more Chemicals and Materials related reports, please click here

[digitrenndsamr]

Wireless Display Market to Observe Strong Development by 2030

Allied Market Research, titled, “Wireless Display Market by Offering, Technology Protocol, and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030”, the global wireless display market size was valued at $3.64 billion in 2020, and is projected to reach $9.71 billion by 2030, registering a CAGR of 11.00%. Asia-Pacific is expected to be the leading contributor to the global market during the forecast period, followed by North America and Europe.     

Wireless display is the sharing technology that delivers the capabilities of wireless display to the business users and the smartphone users in wireless environment. Wireless display technology is embedded and integrated into the chip called wireless display adapter for smartphone. This display adapter enables the users to mirror the screen and displays whatever is on the phone screen. Wireless display is supported with the smartphone, tablets, and other consumer devices wirelessly and displayed on the user's television which is supported with the wireless display technology.  

Wireless display has also established itself as the wireless international standard and it also has the extreme popularity and growth in the various companies and the inter-communication wireless display networks. Also, wireless display access points in internal places can be easily shared with the other computational wireless display devices and it has enabled the smartphone users to gain easy access to the phone screen sharing device.  

The prominent factors that impact the wireless display market growth are increasing demand for wireless display technologies, rise in usage of smart TVs, smartphones, tablets, and computers, and surging demand for over-the-top (OTT) media services. However, high manufacturing costs associate with wireless display restricts the market growth. On the contrary, several governments are taking initiatives and making strategies in emerging economies is expected to create lucrative opportunities for the market. Therefore, these factors are expected to definitely affect global wireless display industry during the forecast period.

Region-wise, the wireless display market trends are analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific is dominating the market, due to an increase in adoption of consumer electronic product such as smartphones, tablets, smart TVs, and computers. The overall wireless display market analysis is determined to understand the profitable trends to gain a stronger foothold.

COVID-19 Impact Analysis

The COVID-19 pandemic has significantly impacted global economies, resulting in workforce & travel restrictions, supply chain & production disruptions, and reduced demand & spending across many sectors. Sudden decline in development project is expected to hamper the wireless display market growth.  

The COVID-19 pandemic has impacted every industry such as aerospace & defense, agriculture, food & beverages, automobile & transportation, chemical & material, consumer goods, retail & ecommerce, energy & power, construction, mining & gases, electronics & semiconductor, and others.

As the effect of COVID-19 spreads, the overall market has been impacted by COVID-19 and the growth rate has also been impacted. The slowdown in productions by OEMs and reduction in demand for electronics devices has slightly pulled down the market for wireless display. Shortages of components and materials have significantly impacted the global supply chains. In addition, reductions in various capital budgets and delay in planned projects in various industries have hampered the global economy.  

Key Findings of The Study

In 2020, the hardware segment accounted for the maximum revenue and is projected to grow at a notable CAGR of 10.10% during the wireless display market forecast period.

The consumer segment accounted for more than 40% of the global wireless display market share in 2020. 

The healthcare segment witness highest growth rate during the forecast period.

UK was the major shareholder in the Europe wireless display market revenue, accounting for approximately 26% share in 2020.   

The key players profiled in the report include Amazon.com, Inc. (U.S.), Apple Inc. (U.S.), Google LLC (U.S.), Intel Corporation (U.S.), Microsoft Corporation (U.S.), Marvell Semiconductor Group Ltd. (U.S.), Roku, Inc. (U.S.), Lattice Semiconductor (U.S.), MediaTek Inc. (U.S.), and NETGEAR, Inc. (U.S.). These players have adopted various strategies, such as partnership, agreement, collaboration, and product launch, to expand their foothold in the wireless display industry.     

[industrynewsupdates]

Advanced Ceramics Market 2024- 2030: Key Drivers and Emerging Trends

The global advanced ceramics market size was estimated at USD 107.00 billion in 2023 and is projected to grow at a CAGR of 4.2% from 2024 to 2030. 

Increasing demand for advanced ceramics in various industries, coupled with growth in the medical and telecom sectors, is expected to drive market expansion. Advanced ceramics, also known as technical ceramics, possess improved magnetic, optical, thermal, and electrical conductivity. End-users can reduce their production and energy costs by utilizing advanced ceramics that provide high efficiency to end products.  Asia Pacific is a leading market for advanced ceramics in the world in terms of their consumption.

Gather more insights about the market drivers, restrains and growth of the Advanced Ceramics Market

The rise in demand for advanced ceramics in the U.S. can be attributed to an increasing preference for lightweight materials across various industries. The production and consumption of these materials and components for the electrical and electronics sectors have been on the rise due to the growing need for uninterrupted connectivity. Furthermore, flourishing electric vehicle (EVs) and defense sectors have also contributed to market growth.

For instance, in 2023, under the National Defense Authorization Act of the U.S., the country authorized USD 32.6 billion for Navy shipbuilding, an increase of USD 4.70 billion. Also, in April 2023, the EPA announced new and stricter environmental rules for light- and medium-duty vehicles. The rules are expected to apply to vehicles manufactured from 2027 to 2032, covering greenhouse gases (GHG) and other pollutants, including ozone, nitrogen oxides, particulate matter, and carbon monoxide.

Advanced Ceramics Market Segmentation

Grand View Research has segmented the global advanced ceramics market report based on material, product, application, end-use, and region:

Material Outlook (Revenue, USD Million, 2018 - 2030)

• Alumina

• Titanate

• Zirconate

• Ferrite

• Aluminum Nitride

• Silicon Carbide

• Silicon Nitride

Product Outlook (Revenue, USD Million, 2018 - 2030)

• Monolithic

• Ceramic Coatings

• Ceramic Matrix Composites (CMCs)

Application Outlook (Revenue, USD Million, 2018 - 2030)

• Electric Equipment

• Catalyst Supports

• Electronic Devices

• Wear Parts

• Engine Parts

• Filters

• Bioceramic

• Others

End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Electric & Electronics

• Automotive

• Machinery

• Environmental

• Medical

• Others

Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

o U.S.

• Europe

o Germany

o UK

• Asia Pacific

o China

o India

• Central & South America

o Brazil

• Middle East and Africa

o Saudi Arabia

Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

• The KSA cement market size was estimated at USD 3.99 billion in 2023 and is projected to grow at a CAGR of 7.0% from 2024 to 2030.

• The global linear slides market size was estimated at USD 2.73 billion in 2023 and is expected to grow at a CAGR of 6.6% from 2024 to 2030. 

Key Advanced Ceramics Company Insights

Some of the key players operating in the market include Kyocera Corp. and CoorsTek.

• Kyocera Corp. is a multinational electronics and ceramics manufacturer based in Japan. Its advanced ceramics division offers a wide range of products, including cutting tools, industrial components, and electronic devices. Kyocera's advanced ceramics are known for their high quality, durability, and performance, making them a preferred choice in industries, such as automotive, aerospace, and medical

• CoorsTek is a privately owned manufacturer of technical ceramics based in the U.S. It produces a diverse range of advanced ceramic products, including components for semiconductor manufacturing, medical devices, and industrial equipment

Nexceris and Admatec are some of the emerging market participants in the advanced ceramics market.

• Nexceris is an advanced materials company dedicated to developing innovative ceramic technologies for energy, environmental, and industrial applications. Headquartered in the U.S., Nexceris specializes in the design and manufacture of ceramic-based products including solid oxide fuel cells, gas sensors, and catalysts. Leveraging its expertise in materials science and engineering, Nexceris aims to address critical challenges in clean energy and environmental sustainability

Key Advanced Ceramics Companies:

The following are the leading companies in the advanced ceramics market. These companies collectively hold the largest market share and dictate industry trends.

• 3M

• AGC Ceramics Co., Ltd.

• CeramTec GmbH

• CoorsTek Inc.

• Elan Technology

• KYOCERA Corporation

• Morgan Advanced Materials

• Murata Manufacturing Co., Ltd.

• Nishimura Advanced Ceramics Co., Ltd.

• Ortech Advanced Ceramics

• Saint-Gobain

Recent Developments

• In February 2023, MO SCI Corp., completed the acquisition of 3M's advanced materials business. This strategic move encompasses the transfer of more than 350 specialized pieces of equipment and associated intellectual property. By the fourth quarter of 2023, all acquired assets, including equipment and technology, will be fully integrated and operational at MO SCI Corp.'s headquarters in Rolla, Missouri

• In June 2022, CoorsTek allocated more than USD 50 million towards the establishment of a cutting-edge advanced materials manufacturing campus spanning 230,000 square feet. This strategic investment aims to drive further innovation across multiple markets. The expansion represents a substantial commitment by CoorsTek to enhance its Benton facility, marking a pivotal milestone in the company's ongoing long-term investment strategy in Arkansas

Order a free sample PDF of the Advanced Ceramics Market Intelligence Study, published by Grand View Research.

[atlantechnology]

Discovering Atlantech a Leading Flow Meter Manufacturer in India

Discovering Atlantech a Leading Flow Meter Manufacturer in India

In the fast-paced world of industrial instrumentation, precision and reliability are paramount. When it comes to measuring fluid flow rates accurately, businesses across various sectors rely on advanced flow meter technologies. In India, a country known for its burgeoning industrial landscape, several manufacturers have risen to prominence, offering cutting-edge solutions that meet global standards. Among them, Atlantech stands out as a leader in flow meter manufacturing, combining innovation, quality, and robust customer support to cater to diverse industrial needs.

This comprehensive blog aims to explore Atlantech's journey to becoming a leading flow meter manufacturer in India. From their inception and technological prowess to their product offerings and market influence, we'll delve into what sets Atlantech apart in the competitive realm of flow measurement solutions.

Understanding Flow Meters: A Vital Component of Industrial Operations

Flow meters are indispensable devices used to measure the flow rate of liquids or gases through pipelines or conduits. They play a crucial role across industries such as oil and gas, water management, pharmaceuticals, chemicals, food and beverage, and more. Accurate flow measurement is not just about efficiency but also compliance with regulatory standards and optimal resource management.

In India, the demand for reliable flow meter solutions has grown significantly with the expansion of industrial sectors and the increasing emphasis on operational efficiency. Atlantech has been at the forefront of meeting these demands through their innovative product lineup and commitment to quality.

Atlantech: Pioneering Excellence in Flow Meter Technology

Founded 30 years ago, Atlantech has evolved into a powerhouse in the field of flow meter manufacturing in India. From their state-of-the-art production facilities to their dedicated research and development initiatives, Atlantech has consistently pushed the boundaries of innovation to deliver cutting-edge solutions that exceed industry standards.

Technological Advancements and Product Offerings

Atlantech offers a diverse range of flow meters tailored to meet the specific needs of different industries:

1. Electromagnetic Flow Meters: Known for their accuracy and reliability in measuring conductive liquids, Atlantech's electromagnetic flow meters are suitable for various applications, including wastewater management, chemical processing, and food and beverage industries.

2. Ultrasonic Flow Meters: These non-intrusive meters are ideal for measuring flow rates of liquids in pipes without disrupting the flow. Atlantech's ultrasonic flow meters are prized for their precision and versatility, making them a preferred choice across industries.

3. Mass Flow Meters: These meters are used for measuring the mass flow rate of gases. Atlantech's mass flow meters are engineered to deliver precise measurements, crucial for applications in pharmaceuticals, semiconductor manufacturing, and more.

Quality Assurance and Industry Standards

Atlantech places a strong emphasis on quality assurance, ensuring that all their products adhere to international standards and regulatory requirements. Their manufacturing processes are ISO-certified, underscoring their commitment to delivering products of the highest quality and reliability.

Innovation and Research & Development

At the heart of Atlantech's success lies their dedication to continuous innovation and R&D. They invest heavily in developing new technologies and enhancing existing products to stay ahead of industry trends. By collaborating with industry experts and leveraging feedback from customers, Atlantech continuously refines their product offerings to address evolving market needs.

Market Influence and Customer Satisfaction

Atlantech's reputation as a leading flow meter manufacturer in India is reinforced by their strong market presence and satisfied customer base. They have successfully penetrated diverse industrial sectors, including:

- Oil and Gas: Providing flow meter solutions for precise measurement in upstream, midstream, and downstream operations.

- Water Management: Offering solutions for efficient water flow measurement and management in municipal and industrial applications.

- Chemicals and Pharmaceuticals: Meeting the stringent requirements for accurate flow measurement in chemical processing and pharmaceutical manufacturing.

Customer-Centric Approach and Support Services

What sets Atlantech apart is their customer-centric approach. They prioritize understanding the unique requirements of each client and offer tailored solutions that ensure optimal performance and reliability. Their comprehensive after-sales support includes installation guidance, calibration services, and ongoing technical assistance, fostering long-term partnerships with their customers.

Sustainability Initiatives and Corporate Responsibility

Beyond technological prowess, Atlantech is committed to sustainability and corporate responsibility. They integrate eco-friendly practices into their operations, including energy-efficient manufacturing processes and recyclable materials in product design. By prioritizing sustainability, Atlantech not only reduces environmental impact but also aligns with the global shift towards green technologies.

Looking Towards the Future

As Atlantech continues to expand its footprint in the global market, they remain focused on driving innovation and exceeding customer expectations. Their strategic initiatives in IoT integration, data analytics, and predictive maintenance aim to further enhance operational efficiency and reliability for their clients.

Conclusion

In conclusion, Atlantech stands as a beacon of excellence in the realm of flow meter manufacturing in India. Through their unwavering commitment to innovation, quality, and customer satisfaction, they have earned the trust of industries nationwide. As they continue to innovate and adapt to technological advancements, Atlantech is poised to shape the future of flow measurement solutions, both in India and beyond.

For businesses seeking reliable flow meter solutions that combine cutting-edge technology with superior customer support, Atlantech remains the partner of choice. With a proven track record of delivering precision and reliability, Atlantech is committed to supporting industries in achieving their operational goals and driving growth in an increasingly competitive global landscape.

References

- Include references to industry reports, Atlantech's official website, customer testimonials, and other credible sources used to gather information for this blog.

Disclaimer

This blog aims to provide an overview of Atlantech as a leading flow meter manufacturer in India based on available information up to [current year]. The company's offerings and market position may evolve over time in response to industry trends and technological advancements. Readers are encouraged to conduct further research or contact Atlantech directly for the most current and specific information.

 Connect with Atlantech

To learn more about Atlantech's innovative flow meter solutions or to discuss your specific requirements, visit [https://atlantech.in/] or contact their customer support team today. Discover how Atlantech can empower your business with precision, reliability, and technological excellence in flow measurement.

[industryinsightsandanalysis]

Zeolites Market is expected to display a steady growth of 4% due to the rise in use in the detergent industry

According to a new report published by UnivDatos Markets Insights, the Zeolites Market is expected to grow at a CAGR of around 4% from 2022-2028. The analysis has been segmented into Type (Natural, Synthetic); Function (Ion-Exchange, Molecular Sieve, Catalyst); Application (Adsorbents, Catalysts, Detergent Builders, Construction & Building Materials, Animal Feed, Wastewater Treatment, Soil Remediation, Others.); Region/Country.

The zeolites market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the zeolites market. The zeolites market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the zeolites market at the global and regional levels.

Market Overview

Zeolites are microporous, three-dimensional crystalline solids of aluminum silicate. Zeolites have small openings of fixed size in them which allow small molecules to pass through them easily, but larger molecules cannot pass through them; that is why they are sometimes called molecular sieves. In addition, Zeolite is a crystalline solid structure composed of silicon, aluminum, and oxygen. They are microporous, crystalline-hydrated aluminosilicates, obtained by hydrothermal crystallization of aluminosilicate gels. Their porous structure makes them suitable for use in detergents, petrochemistry, nuclear technology, refrigeration technology, concrete, and others.

Factors such as increasing use in the detergent industry coupled with the rising concerns associated with hygiene, and product launches in the market are some of the prominent factors that are positively influencing the market growth globally.

Some of the major players operating in the market include BASF SE, Honeywell International Inc., Tosoh Corporation, Arkema Group, Zeochem AG, Clariant AG, Zeolyst International, W.R. Grace & Co., KNT Group, Gordes Zeolite.

COVID-19 Impact

The recent covid-19 pandemic has disrupted the world and has brought a state of shock to the global economy. The global pandemic has impacted industries and has transformed the way industries are delivered. The zeolites market has been significantly affected during these times owing to the delay in the supply chain during the pandemic.

The global zeolites market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

and others. The adsorbents category is expected to witness significant adoption of zeolites during the forecast period. This is mainly due to the rising demand from industrial gas drying applications. Since synthetic zeolites are used for the removal or separation of H2O, CO2, and SO2 from low-grade natural gas or noble gases or formaldehyde from natural gas streams. This is further used in liquid or gas phase separation processes as adsorbent. Thus, the demand for adsorbents is increasing in various industries

Zeolites Market Geographical Segmentation Includes:

North America (U.S, Canada, and Rest of North America)

Europe (Germany, U.K, Spain, Italy, France, and the Rest of Europe)

Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)

Rest of the World

APAC is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the high demand from China, Japan, Indonesia, and India. The growth of the Asia-Pacific zeolite market is attributed to the region's rapid urbanization and ever-changing lifestyles. In addition, the growing demand for automobiles in the region has led to high consumption of petroleum products such as gasoline and diesel, thus increasing the demand for fluid catalytic cracking (FCC) catalysts. Furthermore, zeolites are increasingly used in the production of lightweight building materials and are an important factor in the production of asphalt concrete.

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The major players targeting the market include

BASF SE

Honeywell International Inc.

Tosoh Corporation

Arkema Group

Zeochem AG

Clariant AG

Zeolyst International

W.R. Grace & Co.

KNT Group

Gordes Zeolite

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the zeolites market. The major players have been analyzed by using research methodologies for getting insight views on global competition.

Key questions resolved through this analytical market research report include:

• What are the latest trends, new patterns, and technological advancements in the zeolites market?

• Which factors are influencing the zeolites market over the forecast period?

• What are the global challenges, threats, and risks in the zeolites market?

• Which factors are propelling and restraining the zeolites market?

• What are the demanding global regions of the zeolites market?

• What will be the global market size in the upcoming years?

• What are the crucial market acquisition strategies and policies applied by global companies?

We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.

Browse Related Newsletter from UnivDatos Market Insights

Titanium Dioxide Market - SWOT Analysis [2023-2028]

Recycled Carbon Fiber Market - SWOT Analysis [2023-2028]

About Us:

UnivDatos Market Insights: Your Partner in Data-Driven Market Strategies. Unlock growth opportunities and make smart decisions with our expert research and insights.

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[giresearch]

Specialty Gases for FPD Market Analysis, Demand, Trends and Forecast 2030

On 2024-8-8 Global Info Research released【Global Specialty Gases for FPD Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030】. This report includes an overview of the development of the Specialty Gases for FPD industry chain, the market status of Consumer Electronics (Nickel-Zinc Ferrite Core, Mn-Zn Ferrite Core), Household Appliances (Nickel-Zinc Ferrite Core, Mn-Zn Ferrite Core), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Specialty Gases for FPD. According to our (Global Info Research) latest study, the global Specialty Gases for FPD market size was valued at US$ 984 million in 2023 and is forecast to a readjusted size of USD 1527 million by 2030 with a CAGR of 7.1% during review period. This report is a detailed and comprehensive analysis for global Specialty Gases for FPD market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided. Market segment by Type： CVD Gas、Deposition Gas、Ion Implantation Gas、Etching Gas、Laser Gas Market segment by Application：LCD、OLED、LED Major players covered： SK specialty、Merck (Versum Materials)、Taiyo Nippon Sanso、Linde plc、Kanto Denka Kogyo、Hyosung、PERIC、Resonac、Solvay、Nippon Sanso、Air Liquide、Air Products、Foosung Co Ltd、Jiangsu Yoke Technology、Jinhong Gas、Linggas、Mitsui Chemical、ChemChina、Shandong FeiYuan、Guangdong Huate Gas、Central Glass、Jiangsu Nata Opto-electronic Material、Hunan Kaimeite Gases

Market segment by region, regional analysis covers: North America (United States, Canada and Mexico), Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe), Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia),South America (Brazil, Argentina, Colombia, and Rest of South America),Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa). The content of the study subjects, includes a total of 15 chapters: Chapter 1, to describe Specialty Gases for FPD product scope, market overview, market estimation caveats and base year. Chapter 2, to profile the top manufacturers of Specialty Gases for FPD, with price, sales, revenue and global market share of Specialty Gases for FPD from 2019 to 2024. Chapter 3, the Specialty Gases for FPD competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast. Chapter 4, the Specialty Gases for FPD breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030. Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030. Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Specialty Gases for FPD market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030. Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis. Chapter 13, the key raw materials and key suppliers, and industry chain of Specialty Gases for FPD. Chapter 14 and 15, to describe Specialty Gases for FPD sales channel, distributors, customers, research findings and conclusion.

Data Sources:

Via authorized organizations:customs statistics, industrial associations, relevant international societies, and academic publications etc.

Via trusted Internet sources.Such as industry news, publications on this industry, annual reports of public companies, Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), Trading Economics, News Network, Statista, Federal Reserve Economic Data, BIS Statistics, ICIS, Companies House Documentsm, investor presentations, SEC filings of companies, etc.

Via interviews. Our interviewees includes manufacturers, related companies, industry experts, distributors, business (sales) staff, directors, CEO, marketing executives, executives from related industries/organizations, customers and raw material suppliers to obtain the latest information on the primary market;

Via data exchange. We have been consulting in this industry for 16 years and have collaborations with the players in this field. Thus, we get access to (part of) their unpublished data, by exchanging with them the data we have.

From our partners.We have information agencies as partners and they are located worldwide, thus we get (or purchase) the latest data from them.

Via our long-term tracking and gathering of data from this industry.We have a database that contains history data regarding the market.

Global Info Research is a company that digs deep into global industry information to support enterprises with market strategies and in-depth market development analysis reports. We provides market information consulting services in the global region to support enterprise strategic planning and official information reporting, and focuses on customized research, management consulting, IPO consulting, industry chain research, database and top industry services. At the same time, Global Info Research is also a report publisher, a customer and an interest-based suppliers, and is trusted by more than 30,000 companies around the world. We will always carry out all aspects of our business with excellent expertise and experience.

[secretofresearch]

The Bicycle Industry Is Driven By Increasing Demand For Eco-Friendly Transportation

The bicycle market has experienced steady growth in recent years. A bicycle is a pedal-driven human-powered vehicle with two wheels attached to a frame, one behind the other. Bicycles provide a low-cost, non-motorized and eco-friendly mode of transportation. They are used for both recreational and functional purposes like commuting to workplaces and schools. The growing awareness about environmental pollution and health benefits of cycling has propelled the demand for bicycles globally. Bicycles do not emit any greenhouse gases and are a sustainable alternative to motor vehicles in areas with less traffic congestion. They provide physical exercise to users and help promote an active lifestyle.

The global bicycle market is estimated to be valued at US$ 79.78 Bn in 2024 and is expected to exhibit a CAGR of 9.2% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the bicycle market are Giant Bicycle Inc., Samchuly Bicycle Co., Ltd., Atlas Cycles Ltd., Tandem Group plc, Derby Cycle, Merida Industry Co. Ltd., Avon Cycles Ltd., Dorel Industries Inc., Trek Bicycle Corporation, Xiaomi, Accell Group, Zhonglu Co. Ltd., and Tube Investment of India Limited. These companies are investing heavily in research & development to introduce technologically advanced, lightweight yet durable bicycles.

The growing health awareness and rising pollution levels have prompted many consumers to opt for cycling as an eco-friendly mode of daily commute. The increasing sales of electric bicycles catering to users' need for assisted pedaling further indicates strong demand growth prospects for bicycles globally.

Bicycle Market Trends are focusing on expanding their international presence. Companies are diversifying their product portfolio and customizing bicycle models according to the needs and regulations of different regional markets. The growing bicycle infrastructure including designated lanes, trails and parking spots in various cities is also encouraging global expansion of the bicycle market.

Market drivers

The increasing urbanization and traffic congestion levels in many cities have made cycling an appealing daily commuting option. The growing investments by governments worldwide towards developing dedicated bicycle tracks and lanes are aimed at promoting cycling as a sustainable transportation alternative. Moreover, rising health consciousness and fitness trends have propelled the sales of recreational and sports bicycles for exercise and leisure activities. The cost effectiveness of bicycles compared to fuel-powered vehicles is another key growth driver attracting first-time buyers.

Impact of geopolitical situations on Bicycle Market growth

The bicycle market is experiencing considerable changes due to geopolitical instabilities across various regions. Restrictions in movement and transportation during the Russia-Ukraine war has boosted the demand for bicycles for commuting purposes. Many European countries are supporting local bicycle manufacturing to reduce dependence on imports amid global supply chain disruptions. The focus on promoting non-motorized transport and making cities more environment-friendly is also driving the bicycle market growth. However, sanctions on Russian and Belarusian manufacturers are affecting global bicycle part supplies. Rising tensions between China and Taiwan and frequent lockdowns in China are hampering bicycle component exports. The market needs to diversify sourcing and expand local manufacturing to address geopolitical risks in the long run. Developing innovative, rugged and lightweight bicycles can further help tackle challenges arising from policy changes and conflicts across major trading partners.

Regions where Bicycle Market value is concentrated

The bicycle market in terms of value is highly concentrated in European countries like Germany, France, Italy and Netherlands. Advanced cycling infrastructure, stringent emission norms and focus on active mobility have resulted in Europe accounting for over 30% of the global bicycle market value. The large consumer base, high disposable incomes and promotion of cycling as a hobby and lifestyle sport continue to drive bicycle sales. Government subsidies for electric bicycles under various climate action plans are further enhancing the Europe market potential. Other regions like North America and China are also prominent bicycle markets worldwide owing to rising health consciousness, eco-friendly initiatives and mass usage for commuting needs.

Fastest growing region in the Bicycle Market

Asia Pacific region holds the maximum growth potential for the bicycle market over the forecast period. The growing middle class population, rapid urbanization, reduced transportation costs and efforts to reduce traffic congestion are fueling the demand across developing countries like India and Indonesia. Favorable government policies supporting cycling as an environment-friendly mode of transportation are boosting manufacturing activities in the region. China with its large cycling culture and investments in cycling infrastructure is the global leader in terms of bicycle production volumes. However, other emerging economies in Southeast Asia are witnessing faster y-o-y growth rates and offer new market opportunities for bicycles with innovative designs and features for different user groups. The next wave of growth for the global bicycle market is expected from Asia Pacific.

Get more insights on Bicycle Market

About Author:

Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.

(LinkedIn: www.linkedin.com/in/alice-mutum-3b247b137 )

[tmr-blogs2]

Waste-to-Energy Market Projected to Attain a Valuation of US$ 43.1 billion by 2031

The global waste-to-energy market stood at US$ 26.8 billion in 2022 and is projected to reach US$ 43.1 billion in 2031. The global waste-to-energy market is anticipated to expand at a CAGR of 6.1% between 2022 and 2031.

The global market is significantly driven by the potential advantages of waste-to-energy and an increase in government policies toward developing waste-to-energy during the forecast period. Demand for energy is increasing along with the prices of oil and gas. Governments are taking various initiatives to reuse & recycle waste and convert it into energy. Innovative waste-to-energy plants are being developed for proper waste management in developing countries.

Waste-to-energy (WTE) is a process of generating energy from waste and reducing the dependence on fossil fuels, such as coal, for energy generation. Countries across the globe are investing in renewable energy sources to reduce reliance on fossil fuels. Favourable incentives and schemes have been introduced across all regions to promote effective waste collection and processing, creating significant opportunities for the waste-to-energy industry. 

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The global waste-to-energy industry has been segregated into municipal solid waste, agriculture, and others. The municipal substantial waste segment held a significant share of 65.5% of the global market in 2021. It is estimated to dominate the market during the forecast period. The generation of municipal solid waste is rising due to rapid industrialization. Municipal solid waste can be extensively used for energy generation across the globe.

Organic waste from urban and rural areas degrades. It is a resource for generating energy. Issues caused by solid and liquid wastes can be considerably reduced by adopting environment-friendly waste-to-energy technologies that enable the processing and treatment of waste before its disposal. These measures reduce waste, generate substantial energy, and decrease environmental pollution. 

Waste-to-energy Market: Growth Drivers

The rise in investment in renewable energy, government initiatives and policies, and a focus on reducing global dependence on coal and other fossil fuels by various governments are some of the factors expected to drive the market for waste-to-energy. Several new waste-to-energy projects are being established across the globe. Policies such as feed-in-tariffs, tax credits, and capital subsidies have been provided for waste-to-energy in countries such as China, India, the U.S., and countries in the EU. The Government of India recognizes waste-to-energy as a renewable technology and supports it through various subsidies and incentives.

Most of the generated waste finds its way into land and water bodies without being adequately treated, thus causing water pollution. This waste emits greenhouse gases such as carbon dioxide and methane, increasing air pollution. According to the World Bank estimates, worldwide waste generation is projected to nearly double in volume by 2025 and reach 6 million tons of waste per day. Several countries are opting for alternate sources of energy due to restricted landfilling, growing environmental issues, and volatility in fuel prices. Waste-to-energy is a process of generating power by treating waste. WTE solves ecological problems related to waste by reducing the volume and decreasing the emission of greenhouse gases.

Waste-to-energy Market: Regional Landscape

Europe accounted for a prominent share of 39.48% of the global market in 2021. This trend is projected to continue during the forecast period. In Europe, the electricity segment accounted for a 43.3% market share, while the thermochemical part held a 58.65% share in 2021. In terms of waste type, the municipal solid waste segment constituted a 70.6% share of the market in Europe in 2021.

Asia Pacific is also a key market for waste-to-energy. The region held a 30.59% share of the global market in 2021.

Waste-to-energy Market: Key Players

SUEZ was awarded a new industrial wastewater treatment project contract in Changshu (China) to increase the city’s quality and socio-economic development. The project is located in the Changshu Economic and Technological Development Zone and is worth a total investment of EUR 37 Mn.

Veolia became the first company to establish a European synthetic e-fuel production unit. The production unit was implemented at LIPOR’s Energy Recovery Plant near Porto. Its innovative technology configuration and design are expected to revolutionize the waste-to-energy industry while decarbonizing the aviation sector.

Waste-to-energy Market: Segmentation

Waste Type

Municipal Solid Waste (MSW)

Agricultural Waste

Others

Technology

Thermochemical

Incineration

Others

Biochemical

Anaerobic Digestion

Others

Application

Heat

Electricity

Others

Region

North America

Latin America

Europe

Asia Pacific

Middle East & Africa

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Gas Sensors Market Industry, Trends, Share by 2032 | Reports and Insights

The Reports and Insights, a leading market research company, has recently releases report titled “Gas Sensors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Gas Sensors Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the Gas Sensors Market?

The global gas sensors market was valued at US$ 2.8 Billion in 2023 and is expected to register a CAGR of 9.1% over the forecast period and reach US$ 6.1 Billion in 2032.

What are Gas Sensors?                                                                                                                                                          ��                 

Gas sensors are instruments used to detect and measure the levels of specific gases in the environment. They function by detecting changes in electrical, optical, or chemical properties triggered by the presence of target gases like carbon monoxide, methane, or oxygen. These sensors are essential in various applications, including industrial safety, environmental monitoring, automotive systems, and consumer electronics. By delivering real-time information on gas concentrations, gas sensors are critical for maintaining safety, meeting regulatory standards, and improving operational efficiency across different fields.

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What are the growth prospects and trends in the Gas Sensors industry?

The gas sensors market growth is driven by various factors and trends. The gas sensors market is growing significantly due to rising needs for safety and environmental monitoring across various sectors. This growth is driven by increased industrial activity, stricter environmental regulations, and advancements in sensor technology. Key applications include industrial safety, air quality monitoring, automotive systems, and smart homes, where gas sensors play a crucial role in providing real-time data. Major market players are focusing on developing advanced sensors with improved sensitivity and accuracy. Despite challenges such as high costs and the necessity for ongoing technological updates, the market is expanding due to continuous innovation and the broader adoption of gas sensors across multiple industries. Hence, all these factors contribute to gas sensors market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

By Product

Oxygen (O2)/Lambda Sensors

Carbon Dioxide (CO2) Sensors

Carbon Monoxide (CO) Sensors

Nitrogen Oxide (NOx) Sensors

Methyl Mercaptan Sensor

Others (Hydrogen, Ammonia, and Hydrogen Sulfide)

By Type

Wireless

Wired

By Technology

Electrochemical

Semiconductor

Solid State/MOS

Photo-ionization Detector (PID)

Catalytic

Infrared (IR)

Others

By End-Use

Medical

Building Automation & Domestic Appliances

Environmental

Petrochemical

Automotive

Industrial

Agriculture

Others

North America

United States

Canada

Europe

Germany

United Kingdom

France

Italy

Spain

Russia

Poland

Benelux

Nordic

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

ASEAN

Australia & New Zealand

Rest of Asia Pacific

Latin America

Brazil

Mexico

Argentina

Middle East & Africa

Saudi Arabia

South Africa

United Arab Emirates

Israel

Rest of MEA

Who are the key players operating in the industry?

The report covers the major market players including:

ABB Ltd.

AlphaSense Inc.

City Technology Ltd.

Dynament

FLIR Systems, Inc.

Figaro Engineering Inc.

GfG Gas Detection UK Ltd.

Membrapor

Nemoto & Co. Ltd.

Robert Bosch LLC

Siemens

Among Others

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About Us:

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Semiconductor Fabrication Material Market - Forecast(2024 - 2030)

Semiconductor Fabrication Material Market Overview

Semiconductor Fabrication Material Market size is forecast to reach US$84.5 billion by 2027 after growing at a CAGR of 6.3% during 2022-2027. Semiconductor fabrication refers to the process of manufacturing semiconductor products. It can be defined as the materials that are used to pattern semiconductor wafers. Materials such as silicon wafers, wet chemicals, industrial gases, chemical mechanical polishing (CMP) slurry and pads, photomasks, sputter targets, photoresists for semiconductors, photoresists for EUV, electrostatic chucks, IC lead frame, and others, are generally used as the semiconductor fabrication materials. One of the major factors driving the growth of the semiconductor fabrication material market is the increasing use of digitally integrated ICs in the electrical and electronics, automotive, and telecommunication industry. Also, the increasing growth of the semiconductor industry with rising advancements in the semiconductor solutions, is one of the primary reasons behind the upliftment of the semiconductor fabrication material market. For instance, as per the Semiconductor Industry Association (SIA) the global semiconductor industry sales in August 2021 registered US$47.2 billion, up 29.7% over August 2020's $36.4 billion total and 3.3 percent higher than July 2021's $45.7 billion total.

COVID-19 Impact

The COVID 19 outbreak has impacted the development of the semiconductor fabrication material market in 2020 owing to the lockdown measure in various region such as Asia-Pacific, North America and others. However, despite the Covid -19 pandemic, aerospace and defense contributed US$ 382 billion to the gross domestic product of the United States with US$ 90.6 billion from exports and has shown a growing trend as compared to 2019 with the export of US$ 40.6 billion, and revenue US$ 218.6 billion according to Aerospace and Defense Association.

Report Coverage

The report “Semiconductor Fabrication Material Market – Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the semiconductor fabrication material market.

By Material Type: Wet Chemicals, Silicon Wafers, Industrial Gases, Chemical Mechanical Polishing (CMP) Slurry and Pads, Photomasks, Sputter Targets, Photoresists for Semiconductors, Photoresists for EUV, Electrostatic Chucks, IC Lead Frame, Wire Bonding, and Others

By Semiconductor Type: N-Type and P-Type

By Application: Consumer Appliances, Power Generation, Electronic Components, and Others

End Use Industry: Telecommunication, Energy, Electrical and Electronics, Medical and Healthcare, Automotive, Defence & Aerospace, and Others

By Geography: North America (USA, Canada and Mexico), Europe (UK, France, Germany, Italy, Spain, Russia, Netherlands, Belgium, and Rest of Europe), APAC (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, Rest of South America), and Rest of the world (Middle East and Africa).

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Key Takeaways

Asia-Pacific dominates the Semiconductor Fabrication Material Market owing to rapid increase in electrical and electronic sector. 

N-Type are the most commonly used semiconductor type which is used to obtain a majority charge carrier of free electrons making them more conductive than intrinsic semiconductors.

The rise in demand from various end-use industries like telecommunication, consumer appliances, and others are expected to boost the demand for the semiconductor fabrication material market during the forecast period.

High cost for raw material is the major restrain for the market growth.

Semiconductor Fabrication Material Market Segment Analysis - By Semiconductor Type

N-type segment held the largest share in the semiconductor fabrication material market in 2021 and is estimated to rise at a CAGR of 6.8% in terms of revenue during the forecast period from 2022-2027. N-type semiconductors are key materials in the formation of p-n junctions, where a p-type and an n-type semiconductor are brought in close contact to create a depletion region. Holes and electrons recombine in this region and result in the production of light, thus obtaining Light Emitting Diodes (LED’s). According to the U.S. Department of Energy, China dominates the LED manufacturing market. In 2019, the total size of the North American LED luminaire market was estimated to be US$ 11.6 billion of which the United States was about US$ 8.14 billion. The growing LED industry as well as the Electronics Industry and new developments like the launch of new products, expansions, and acquisitions, are the key factors contributing to the growth of this segment.

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Semiconductor Fabrication Material Market Segment Analysis - By End-Use Industry

Electrical and electronics sector held the largest share in the semiconductor fabrication material market in 2021 and is estimated to rise at a CAGR of 7.8%% in terms of revenue during the forecast period from 2022-2027. The Semiconductors fabrication materials are used in the manufacture of different kinds of electronic devices, including diodes, transistors, chips control temperatures, timers, automated features and integrated circuits. Electrical and electronic appliances make life easier with smart technology and the internet of things is an advantage. As a result, semiconductor chips help to work with multi-functionality feature to respond to rising demand & maintain standards, and highly durable services. According to IPC Economic outlook December 2021, the electronics industry, which includes categories such as components, loaded boards, computers, communications equipment, and consumer electronics is being increased by 2.6% in November 2021. The electrical and electronic sector sales have been increased by 30.6% as compared to 2019 and 12.8% in 2019-2021. Therefore, the growing electronic manufacturing will increase the demand for semiconductor fabrication material during the forecast period.

Semiconductor Fabrication Material Market Segment Analysis - By Geography

Asia-Pacific region held the largest share in the semiconductor fabrication material market and growing at CAGR of 7.9% during 2022-2027. China’s semiconductor sector has expanded to become one of the largest in the world and also is the biggest consumer of chips. For instance, according to the Semiconductor Industry Association (SIA), the Chinese semiconductor industry is estimated to invest US$12.3 billion in 2021 and US$15.3 billion in 2022, on CAPEX contributing about 15% of the global total. On the other hand, the increasing investments in the semiconductor industry, with the rising installation of new plants will drive the market growth of Japan’s semiconductor fabrication material. For instance, the Japanese government invested US$6.8 billion for domestic production of semiconductors to make the nation a major global provider of essential computer chips. Furthermore, India’s semiconductor sector has expanded with the increasing government investment and rise in the end use industries such as energy and telecommunication, is driving the market growth of semiconductor fabrication material market over the forecast period. For instance, according to the India Briefing, in 2021 the government funded US$10 billion to boost semiconductor and display manufacturing in the country, in order to attract large chip makers and make India as hi-tech production hub globally.

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Semiconductor Fabrication Material Market Drivers

Rise in demand from End use Industry

Increased use of semiconductors in various end-use industries such as telecommunication, consumer appliances, and others are expected to boost the demand for the semiconductor fabrication material market during the forecast period. The modern period of telecommunication commenced with the use of semiconductor devices in telecommunication technology. The transistors technology helped develop existing technology from narrow broadband to private packet-switched networks. 5G network is another technology achieved with the help of semiconductor technology and can transfer large amounts of data 100-200X faster than 4G LTE. However, various components of the internet of things infrastructures like processors, modems, and logic chips helped increase memory output and performance. Therefore, the use of semiconductor devices in telecommunication is boosting the demand for semiconductor fabrication material during the forecast period. Power semiconductors consist of power sensors, SiC devices, power control integrated circuits, rectifier diodes. These devices are widely used in consumer appliances produced by semiconductor fabrication materials like chips, logic, wafer, memory, etc. According to the Association of Home Manufacturer appliances, the home appliances industry has generated US$198.14 billion throughout the U.S. economy and CAD 5.8 billion in output across Canada in 2020. 

Increasing Government Initiative for new semiconductor production units

The government initiation plays a vital role in the development of any sector. The investment by the government helps to boost the demand and market share. The U.S. government has taken the initiation to fortify America's semiconductor supply chains through robust investments in U.S. chip production and innovation. In June 2021, the U.S government passed the fund to United States Innovation and Competition Act (USICA), broad competitiveness legislation that includes US$ 52 billion to bolster domestic chip manufacturing, research, and design. The semiconductor industry has urged the U.S. House of Representatives to follow suit and send legislation to the President's desk to be signed into law. In addition, leading Chinese foundries and several foundry start-ups have accelerated their pace of building trailing-edge fabs. According to VLSI, China’s memory and foundry capacity is expected to grow at a CAGR of 14.7% over the next 10 years. In 2020- 2021, semiconductors helped world to move steadily to overcome the hurdles faced by COVID-19. As semiconductor innovation and global chip demand continue their inextricable rise, government and industry must work together for the production of semiconductor. Therefore, the growing total cost of ownership will help in the development of semiconductor in the country and helping to increase the demand for semiconductor fabrication material during the forecast period.

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Semiconductor Fabrication Material Market Challenges

High Cost for Raw Material

In the recent time there has been an increase in the prices of raw materials that are used for Semiconductor fabrication material manufacturing such as silicon chips, wafers, industrial gases, and others owing to which there is an increase in the price of Semiconductor Fabrication Material as well. A silicone is made from the second-most abundant element on Earth which has become scarce, is increasing concern to car parts to computer chips. The shortage in silicon metal had cut the production in China, and prices has grown up in between May 2021 – October 2021. Also, the costs of semiconductor are proportional to its function and performance in order to meet building code requirements. Semiconductors undergoes extensive research and testing to ensure that quality and performance standards are met, and as a result, it is more highly priced. Therefore, all the above factors significantly contribute towards the high cost of semiconductors, thereby posing as a significant challenge for the semiconductor fabrication material market during the forecast period.

Semiconductor Fabrication Material Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the semiconductor fabrication material. Major players in the semiconductor fabrication material market are:

DuPont de Nemours, Inc.,

Shin-Etsu Chemical Co. Ltd.

Sumco Corporation

Air Liquide S.A

JSR Corporation

Versum Materials Inc.

Globalwafers

Sumitomo Chemical, 

Photronics, Inc.

Honeywell International Inc. 

Recent Developments

In April 2021, CMC Materials acquired International Test Solutions which will enable them to help solve their customers’ most demanding challenges and maximize their yield & throughput in the semiconductor manufacturing process.

In November 2020, Showa Denko Materials, Co., Ltd., in collaboration with Chengdu Kemeite Special Gas Co., Ltd., established a new subsidiary, Chengdu Kemeite Showa Electronic Materials Co., Ltd., which aims to strengthen SDK’s business to produce and sell high-purity gases for electronics.

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Commercial Boiler Market is Powered by Rising Adoption of Condensing Boilers

Commercial Boiler Market is Powered by Rising Adoption of Condensing Boilers Commercial boilers are heating appliances that use fossil fuels such as coal, natural gas, oil, or electricity to produce steam or hot water for various heating applications in commercial buildings. Advantages of commercial boilers include high efficiency, easy maintenance, provision of hot water and steam for processes, space heating, and other needs of commercial facilities such as hospitals, schools, apartments, offices, laundries, hotels, and other commercial buildings.

The Global Commercial Boiler Market is estimated to be valued at US$ 2.02 Bn in 2024 and is expected to exhibit a CAGR of 4.3% over the forecast period 2023 to 2030. Key Takeaways Key players operating in the commercial boiler market are A.O. Smith Corporation, Bosch Thermotechnology, Cochran Limited, Cleaver-Brooks, Fulton Boiler Company, Parker Boiler, Slant/Fin Corporation, Superior Boiler Works, Inc., Vaillant Group, and Weil-McLain. Rising energy costs and government regulations on carbon emissions are driving the demand for more energy-efficient condensing boilers. The commercial boiler market is witnessing significant growth opportunities in Asia Pacific region attributed to rapid industrialization and infrastructural developments in countries such as China and India. Key players operating in the commercial boiler market are focused on product innovation and portfolio expansion to strengthen their presence. For instance, in 2022, A.O. Smith launched a new line of PowerVent horizontal and vertical commercial condensing boilers. Second major factor driving the commercial boiler market growth is increasing demand from various commercial sectors such as healthcare, hospitality, education, retail, and others owing to diverse heating applications. The commercial boiler market is also benefitting from rapid industrialization and infrastructural developments taking place in many countries worldwide. Market key trends One of the key trends gaining prominence in the commercial boiler market is the rising adoption of condensing boilers. Condensing boilers have up to 15% higher efficiency compared to traditional boilers due to their ability to extract more heat from flue gases by condensing water vapor in the exhaust. Stringent regulations aimed at reducing carbon footprint and energy costs are compelling commercial building owners to replace older boilers with newer and efficient condensing models. This transition towards greener and cost-effective heating solutions is expected to significantly contribute to the revenues of condensing boiler manufacturers over the coming years.

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Growth and Trends in the Steam Trap Market

The global steam trap market is experiencing steady growth, driven by increasing demand across various industries such as oil & gas, chemicals, food & beverage, and energy & power. A steam trap is a device used to discharge condensate and non-condensable gases without letting steam escape. Efficient steam trap systems are critical for the operational efficiency and safety of steam systems in industrial applications.

Market Size and Growth Projections

As of 2023, the global steam trap market is valued at approximately USD 3.8 billion. It is projected to reach USD 4.6 billion by 2028, growing at a compound annual growth rate (CAGR) of 3.8%. This growth is attributed to the increasing need for energy efficiency, the rising adoption of steam systems in various industrial processes, and the stringent regulations regarding emissions and energy consumption​.

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Key Segments and Applications

The market is segmented by application into tracing, drip, and process applications. Tracing applications are expected to lead the market due to the durability and corrosion resistance of thermostatic steam traps, making them ideal for maintaining steam lines at desired temperatures. Drip applications, which utilize thermodynamic steam traps, are also significant, especially in industries requiring precise condensate removal. Process applications, requiring steam traps with larger condensate handling capacities, are crucial in sectors like oil & gas and chemicals​.

Major Players and Regional Insights

Key players in the market include Spirax-Sarco Engineering plc (UK), Emerson Electric Co. (US), Schlumberger Limited (US), and Thermax Limited (India). These companies are focusing on product innovations and strategic acquisitions to enhance their market positions. The Asia Pacific region, including major markets like China, Japan, and India, is expected to dominate due to rapid industrialization and significant investments in the energy sector.

Overall, the steam trap market is poised for growth as industries increasingly prioritize energy efficiency and regulatory compliance, driving the demand for advanced steam trap systems.