Market Summary:

The global biofertilizers market size was USD 1.58 Billion in 2022 and is expected to reach USD 4.17 Billion in 2032, and register a revenue CAGR of 12.9% during the forecast period. Market revenue growth is primarily driven by factors such as rising demand for Organic Food Products, need for sustainable agriculture practices, and increasing awareness about the harmful effects of chemical fertilizers on the environment and human health.

Use of biofertilizers is gaining popularity among farmers and agriculturalists as these are eco-friendly and do not cause any harm to the soil or the environment. Biofertilizers are made from natural sources such as Plant Extracts, animal waste, and microorganisms, which help in improving soil fertility and plant growth. Rising demand for organic food products is driving demand for biofertilizers as these products are used to grow crops without use of harmful chemicals and Pesticides.

Moreover, need for sustainable agriculture practices is driving demand for biofertilizers as these help in reducing use of chemical fertilizers and pesticides, which are harmful to the environment and human health. Use of biofertilizers also helps in reducing the carbon footprint of agriculture, which is a major contributor to greenhouse gas emissions.

Increasing awareness about the harmful effects of chemical fertilizers on the environment and human health is also driving demand for biofertilizers. Chemical fertilizers are known to cause soil degradation, water pollution, and health problems in humans and animals. Biofertilizers, on the other hand, are safe and do not cause any harm to the environment or human health.

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Strategic Development:

á In 2021, Novozymes A/S entered into a partnership with FMC Corporation to develop biological crop protection solutions. The partnership aims to accelerate the development of innovative solutions to protect crops against pests, diseases, and weeds using biologicals.

á In 2020, Lallemand Inc. announced the acquisition of Agrauxine, a leading provider of biocontrol solutions for the agricultural industry. The acquisition was aimed at expanding Lallemand's product portfolio and strengthening its position in the biocontrol market.

á In 2020, Rhizobacter Argentina S.A. announced the launch of Rhizolizer, a new line of biofertilizers designed to increase crop yields and improve soil health. The product line includes formulations for various crops, including soybean, wheat, corn, and sunflower.

á In 2020, Symborg announced a strategic partnership with UPL Ltd. to develop and market biofertilizers and biostimulants in Brazil. The partnership aims to leverage Symborg's expertise in microbiology and UPL's extensive distribution network to expand the biofertilizer market in Brazil.

á In 2020, Tata Chemicals Ltd. announced a joint venture with the Spanish company, Bioiberica S.A.U., to manufacture and market biostimulants and other crop nutrition solutions in India. The joint venture aimed to leverage Tata Chemicals' expertise in crop nutrition and Bioiberica's expertise in biostimulants to address the growing demand for sustainable agricultural solutions in India.

Biofertilizers Market Report Scope

PARAMETERS

DETAILS

The market size value in 2022

USD 1.58 Billion

CAGR (2022 - 2032)

12.9%

The Revenue forecast in 2032

USD 4.17 Billion

Base year for estimation

2022

Historical data

2020-2021

Forecast period

2022-2032

Quantitative units

• Revenue in USD Billion
• CAGR from 2022 to 2032

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

By Product Type Outlook, Application Outlook, Regional Outlook

By Product Type Outlook

• Nitrogen-fixing
• Phosphate-solubilizing
• Potassium-mobilizing
• Others

By Application Outlook

• Farming
• Gardening
• Others

Regional scope

North America; Europe; Asia Pacific; Latin America ; Middle East & Africa

Leading Players in the Biofertilizers Market:

The global biofertilizers market is poised for substantial growth in the foreseeable future, driven by the increasing demand for organic food products and the growing adoption of sustainable farming practices. Biofertilizers, composed of organic materials containing living microorganisms, play a vital role in enhancing soil fertility and promoting plant growth by fixing atmospheric nitrogen, solubilizing soil phosphorus, and producing growth-promoting substances. This market is primarily led by a group of key players who are actively investing in research and development, forming strategic partnerships, and introducing innovative products to maintain their market dominance. Among the prominent companies operating in the biofertilizers market are:

á Novozymes A/S

á Lallemand Inc.

á Rhizobacter Argentina S.A.

á Symborg

á Biolchim S.p.A.

á Tata Chemicals Ltd.

á Mahafeed Specialty Fertilizers Pvt. Ltd.

á Biomax Naturals

á Mapleton Agri Biotech Pvt. Ltd.

á Rizobacter Brasil S.A.

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Market Summary:

The global medical tubing market, with a 2022 size of USD 13 billion, is poised to reach USD 22.91 billion by 2032, exhibiting a robust compound annual growth rate (CAGR) of 6.5% during the forecast period. This significant revenue growth is primarily attributed to the increasing demand for minimally invasive procedures and the growing elderly population. The surge in chronic diseases prevalence is also fueling the demand for medical tubing, which finds application in various areas such as drug delivery, catheters, and drainage systems, among others. The escalating incidence of illnesses like cancer, respiratory disorders, and cardiovascular conditions further drives the necessity for medical tubing.

Manufacturers are continuously innovating to provide advanced and secure medical tubing solutions, driven by the consistent demand for specialized and high-quality products. Ensuring the safety of patients by preventing contamination and infections is a top priority in medical tubing production. Hence, manufacturers focus on developing infection-resistant and pollution-proof medical tubing.

The market has witnessed improvements through the utilization of new materials like silicone and thermoplastics, making medical tube products safer and more durable. Furthermore, the increasing demand for sterilizable and biocompatible medical tubing contributes significantly to market revenue growth.

Additionally, the rising emphasis on at-home healthcare and self-medication is expected to be a driving force behind market revenue growth. Home healthcare is gaining popularity among patients due to its practicality and cost-effectiveness compared to hospital care. This trend has led to an increased need for medical tubing in home healthcare settings, as it plays a crucial role in various medical devices such as dialysis machines, infusion pumps, and insulin pumps.

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Strategic Development:

á In 2021, RAUMEDIC AG announced the opening of its new production facility in North Carolina, USA, for the production of extruded tubing for the medical device industry. The facility is expected to enhance the company's manufacturing capacity and expand its presence in the North American market.

á In 2020, Nordson Corporation acquired Fluortek Inc., a leading provider of precision extrusion solutions for the medical device industry. The acquisition was aimed at expanding Nordson's product portfolio in the medical tubing market and increasing its presence in the medical device industry.

á In 2020, Vention Medical announced the acquisition of Lithotech Medical, a provider of complex medical tubing and catheter solutions. The acquisition was aimed at enhancing Vention Medical's product offerings in the medical tubing market and expanding its capabilities in the medical device industry.

á In 2019, Saint-Gobain Performance Plastics announced the acquisition of the medical business of MicroLumen Inc. The acquisition was aimed at expanding Saint-Gobain Performance Plastics' product portfolio in the medical tubing market and increasing its presence in the medical device industry.

á In 2018, W. L. Gore & Associates, Inc. announced the acquisition of the tubing business of Confluent Medical Technologies, a provider of specialized medical tubing solutions. The acquisition was aimed at enhancing W. L. Gore & Associates' product offerings in the medical tubing market and expanding its capabilities in the medical device industry.

Medical Tubing Market Report Scope

PARAMETERS

DETAILS

The market size value in 2022

USD 13 Billion

CAGR (2022 - 2032)

6.5%

The Revenue forecast in 2032

USD 22.91 Billion

Base year for estimation

2022

Historical data

2020-2021

Forecast period

2022-2032

Quantitative units

á Revenue in USD Billion

á CAGR from 2022 to 2032

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

By Material Type Outlook, Application Outlook, Regional Outlook

By Material Type Outlook

• Silicone
• Polyvinyl Chloride (PVC)
• Polyolefin
• Thermoplastic Elastomers (TPE) & Thermoplastic Polyurethane (TPU)
• Others

By Application Outlook

• Drug Delivery Systems
• Catheters & Cannulas
• Disposable Tubing
• Others

Regional scope

North America; Europe; Asia Pacific; Latin America ; Middle East & Africa

Browse press release: https://www.reportsanddata.com/press-release/global-medical-tubing-market

Leading Players in the Medical Tubing Market:

The global medical tubing market exhibits intense competition, characterized by the presence of numerous prominent large and medium-sized companies that collectively dominate a significant portion of the market revenue. Leading players within this competitive landscape employ diverse strategies, including mergers and acquisitions, strategic agreements and contracts, as well as the development, testing, and introduction of more efficacious products. The global medical tubing market report highlights several major companies, including:

á RAUMEDIC AG

á Nordson Corporation

á Vention Medical

á Saint-Gobain Performance Plastics

á TE Connectivity

á MicroLumen Inc.

á Zeus Industrial Products Inc.

á W. L. Gore & Associates, Inc.

á PolyOne Corporation

á Optinova Holding AB

á GUANGDONG SHUNDE SEBRIGHT MEDICAL TECHNOLOGY CO., LTD.

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The global polypropylene market size was USD 100 Billion in 2022 and is expected to register a revenue CAGR of 6% over the forecast period, according to the latest report by Reports and Data.

Polypropylene, an adaptable synthetic polymer, finds application in a diverse array of fields owing to its unique attributes such as remarkable rigidity, exceptional tensile potency, and remarkable resilience against chemical agents. Furthermore, the escalating utilization of polypropylene in the packaging of Food & Beverage (F&B), Cosmetics, and pharmaceutical products is poised to propel the market's revenue growth.

Polypropylene is widely favored across various applications for its ability to impart durability and provide protection. In the automotive sector, polypropylene plays a crucial role as it offers lightweight characteristics, cost-effectiveness, and recyclability. It finds applications in numerous vehicle components, including bumpers, interior trims, and door panels. Similarly, the construction industry relies on polypropylene due to its robust chemical resistance and durability, which make it suitable for applications such as pipes, insulation, and roofing.

Furthermore, the growing demand for affordable and secure medical equipment and packaging materials is expected to contribute to the market's revenue growth. In the healthcare sector, polypropylene is extensively used due to its non-toxic and non-reactive properties, making it suitable for medical devices, surgical tools, and packaging materials. Additionally, the increasing adoption of environmentally friendly and sustainable products is anticipated to drive market revenue growth. Polypropylene is favored by numerous industries as it aligns with sustainability goals and environmentally conscious practices.

The United States Environmental Protection Agency (EPA) controls polypropylene production and usage through a variety of rules, including those pertaining to hazardous air pollutants, Volatile Organic Compounds (VOCs), and other criterion pollutants.

In Europe, the Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) Regulation established safety requirements for substances produced or imported into the European Union and limits the use of certain materials, such as polypropylene, that are known to be carcinogenic or toxic to reproduction.

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Some Key Highlights from the Report

á The homopolymer and copolymer categories account for the vast bulk of the global polypropylene market. The homopolymer market has lately contributed considerably to the global polypropylene market's revenue share. This is explained by homopolymer polypropylene's improved mechanical strength, stiffness, and resistance to harsh chemicals and high temperatures. Because of these characteristics, it may be employed in a range of industries, including the automotive and packaging sectors.

á Polypropylene has mostly been employed in the packaging industry due to its light weight, low cost, and high durability. Polypropylene packaging is widely used in food and beverage packaging, consumer products packaging, industrial packaging, and other applications. Polypropylene demand in the packaging sector is expected to rise further due to the increased need for ecologically friendly and sustainable packaging materials.

á In 2021, the Asia Pacific market topped the other regional polypropylene markets. Polypropylene demand is increasing due to the growth of the packaging, automotive, and construction sectors in this region. Furthermore, the growth of the consumer goods sector and expanding populations in countries such as China and India have raised the demand for polypropylene-based items. The area is expected to increase greatly throughout the forecast period due to growing industrialization and urbanization. Furthermore, the Asia Pacific region's market is expected to grow as a consequence of the growing usage of sustainable materials in a variety of applications, including packaging and textiles.

á Some of the prominent players profiled in the global polypropylene market include ExxonMobil Chemical, BASF SE, INEOS Group, Total S.A., SABIC, LyondellBasell Industries N.V., Braskem, Formosa Plastics Corporation, Reliance Industries Limited, and Borealis AG.

á In 2021, LyondellBasell made an announcement regarding the expansion of its polypropylene compounding capacity in Europe. The company planned to establish a new production line at its existing facility in Poland. This strategic expansion aimed to cater to the growing demand for lightweight and sustainable materials, particularly in the automotive industry.

á In 2020, INEOS Group successfully completed the acquisition of BP's global Aromatics and acetyls business, which included the ownership of a polypropylene plant located in Decatur, Alabama. This acquisition served the purpose of augmenting INEOS's presence in the North American market and enhancing its overall production capacity.

á BASF SE: In 2021, BASF introduced a new polypropylene grade known as Ultramid Advanced T2000. This innovative grade is specifically engineered to provide exceptional strength and stiffness even at elevated temperatures. It is designed to be utilized in a wide range of applications, including automotive, electrical, and industrial sectors.

á Formosa Plastics Corporation: In 2020, Formosa Plastics Corporation unveiled a new series of high-performance polypropylene products called Formolene E1050 Series. These products offer outstanding impact resistance and dimensional stability, making them highly suitable for diverse applications such as automotive, packaging, and consumer goods.

Strategic Development:

á In 2021, LyondellBasell announced that it was expanding its polypropylene compounding capacity in Europe, with a new production line at its existing facility in Poland. The expansion was aimed at meeting the growing demand for lightweight and sustainable materials in the automotive industry.

á In 2020, INEOS Group completed the acquisition of BP's global Aromatics and acetyls business, which included a polypropylene plant in Decatur, Alabama. The acquisition was aimed at expanding INEOS's presence in the North American market and increasing its production capacity.

á In 2020, Total S.A. announced that it had entered into an agreement with PureCycle Technologies to develop a new recycling facility for polypropylene. The facility was aimed at producing high-quality recycled polypropylene that can be used in various applications, including packaging, automotive, and consumer goods.

á In 2020, SABIC launched a new range of high-impact polypropylene copolymers that are designed for use in automotive applications. The new range, called STAMAX, offers excellent impact resistance and dimensional stability, making it ideal for use in exterior and interior automotive parts.

á In 2020, ExxonMobil Chemical announced that it had developed a new polypropylene grade, called Achieve Advanced PP, that offers improved performance and reduced environmental impact. The new grade is designed for use in various applications, including packaging, automotive, and consumer goods.

Browse press release: https://www.reportsanddata.com/press-release/global-polypropylene-market

Polypropylene Market: Notable Innovations

á In the polypropylene market, several notable innovations have emerged in recent years, driving advancements and expanding the range of applications for this versatile polymer. Some of these innovations include:

á Biodegradable Polypropylene: Researchers and manufacturers have been working on developing biodegradable polypropylene materials. These eco-friendly alternatives are designed to break down naturally, reducing plastic waste and environmental impact.

á High-Melt-Strength Polypropylene (HMS-PP): HMS-PP is engineered to have improved melt strength and processability. This innovation has found applications in blow molding, thermoforming, and foaming processes, making it suitable for various packaging and automotive components.

á Reinforced Polypropylene Composites: Polypropylene reinforced with materials like glass fibers, carbon fibers, or natural fibers has been gaining traction. These composites offer enhanced mechanical properties, making them suitable for structural components in automotive and construction industries.

á Polypropylene Foam: Lightweight and thermally insulating polypropylene foam materials have been developed for applications in the automotive, packaging, and construction sectors. These foams provide energy efficiency and weight reduction benefits.

á Functionalized Polypropylene: Innovations in functionalizing polypropylene have led to materials with improved adhesion, compatibility, and surface properties. These modified polypropylenes find use in adhesive formulations and as compatibilizers in polymer blends.

á Recycled and Circular Polypropylene: Efforts to enhance the sustainability of polypropylene include the development of recycled and circular polypropylene materials. These aim to reduce the environmental impact of plastic production by reusing and recycling polypropylene.

á Polypropylene in 3D Printing: Polypropylene filaments for 3D printing have been introduced, expanding the range of materials available for additive manufacturing. This enables the creation of complex and durable parts.

á These innovations in the polypropylene market reflect the ongoing research and development efforts to enhance the properties and sustainability of this widely used polymer. They also contribute to the diversification of applications and industries that benefit from polypropylene materials.

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The global sheet molding compound (SMC) market size was USD 3.42 Billion in 2021 and is expected to register a revenue CAGR of 6.2% over the forecast period, according to the latest report by Reports and Data.

Automotive original equipment manufacturers (OEMs) use sheet molding compounds to reduce weight and fuel consumption. Sheet molding compound is lighter and stronger than aluminum sheet. Automakers use SMC compounds to protect against dents, dings and rust compared to traditional steel decks. According to the European Automobile Manufacturers Association (ACEA), a total of 79.1 million cars were produced worldwide in 2021. This represents an increase of 1.3% compared to 2020. We source sheet molding compounds for manufacturing battery cases for electric vehicles (EVs). In addition, thermosetting molding compounds are the main materials for railway and tram interiors. These factors are driving the growth of the sheet molding compounds market significantly. In addition, several major car companies are focusing on using sustainable materials and using bio-based composites to create concept cars. For example, Ford Motors and John Deer worked together to create the Gator UTV concept. Sustainable roofing components are made of bio-based sheet molding compounds. Innovations in these products are expected to drive market growth over the forecast period.

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Some Key Highlights from the Report

á The Asia-Pacific market accounted for the largest share of sales in 2021. Increasing development of building, construction and infrastructure expansion projects in all regions is boosting the growth of market revenue in this region. According to the World Green Building Council, 60% of the world's population now lives in the Asia-Pacific region. The sheet molding compound market in this region is expected to be in high demand for building and construction applications. The Asia-Pacific region is known as an automotive OEM hub, home to prominent industry leaders such as Toyota, Nissan, Suzuki and Tata. The region increasingly contributes to global exports driving demand for consumer goods and the production of auto parts.

á On October 28, 2020, Astar S.A., a Spanish-based specialist compounding and engineering chemical company, has signed an agreement with Toray International UK for the supply of Carbon Fiber Sheet Molding Compounds (CMSC) in the UK. did. This agreement between Astar and Toray International aims to continue the strategic partnership between the parties that began in 2018 as part of a government-funded project. The contract continues the supply of sheet molding compounds to create scalable, lightweight carbon fiber technology for use in electric vehicles.

Sheet Molding Compound (SMC) Market Report Scope

PARAMETERS

DETAILS

The market size value in 2022

USD 3.42 Billion

CAGR (2021 - 2030)

6.2%

The Revenue forecast in 2032

USD 5.86 Billion

Base year for estimation

2022

Historical data

2019-2020

Forecast period

2019-2030

Quantitative units

• Revenue in USD Billion
• CAGR from 2022 to 2032

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

By Type Outlook, Fiber Type Outlook, End-Use Outlook, Regional Outlook

By Type Outlook

• General Purpose SMC
• Flame Resistance SMC
• Electronic Insulators SMC
• Corrosion Resistance SMC

By Fiber Type Outlook

• Glass Fiber
• Carbon Fiber
• Others

By End-Use Outlook

• Automotive
• Electrical & Energy
• Construction
• Transportation
• Wastewater
• Aviation and Defense
• Others

Regional scope

North America; Europe; Asia Pacific; Latin America ; Middle East & Africa

Browse press release: https://www.reportsanddata.com/press-release/global-sheet-molding-compound-market

Leading Players in the Sheet Molding Compound (SMC) Market:

The competitive landscape within the global sheet molding compound market is characterized by a moderate level of fragmentation, with a select group of key players operating both globally and regionally. These key industry participants are actively involved in strategic alliances aimed at expanding their respective portfolios and establishing a strong presence in the global market. Notable companies featured in the global market report include Astar S.A., Toray TCAC Holding B.V., LyondellBasell Industries Holdings B.V., Mitsubishi Chemical Corporation, Polynt S.p.A., Ashland Global Holdings Inc., Premix, Inc., Teijin Limited, Wacker Chemie AG, Core Molding Technologies, Inc., and Changzhou Utek Composite Co., Ltd., among others.

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Market Summary:

The global Metal Injection Molding Market had a valuation of USD 4 billion in 2022 and is forecasted to achieve USD 8 billion by 2032, marking a substantial and rapid revenue Compound Annual Growth Rate (CAGR) of 8% during the projected period. The main driver behind the growth in market revenue is the increasing demand for MIM within diverse industries, including automotive, aerospace, medical, and electronics. MIM represents an efficient and cost-effective manufacturing process that allows for the precise and dependable fabrication of complex components. This technology is gaining traction due to the rising requirement for durable and lightweight parts across these sectors.

Furthermore, the burgeoning demand for miniaturization within the electronics industry is another pivotal factor contributing to revenue growth. MIM technology empowers the highly accurate and precise production of small and intricate components, a critical requirement for electronic devices like smartphones, tablets, and wearables. The need for MIM components in the electronics sector is growing in parallel with the increased deployment of 5G technology and the Internet of Things (IoT).

MIM technology also enables the production of biocompatible parts with extreme accuracy and precision, a crucial aspect for medical devices and implants. The increasing aging population and the rising prevalence of chronic diseases are driving the demand for medical devices and implants, further bolstering market revenue growth.

Moreover, the escalating adoption of environmentally friendly and sustainable manufacturing techniques is expected to fuel market revenue growth. MIM technology is an environmentally responsible and sustainable manufacturing process that generates minimal waste and requires less energy to produce intricate and highly precise parts. The adoption of MIM technology is on the rise as environmental consciousness regarding the impact of manufacturing processes grows across various industries.

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Strategic Development:

á In 2021, Amphenol Corporation announced that it had acquired MTS Sensors, a German-based manufacturer of high-performance sensors and systems for various industries. The acquisition was aimed at strengthening Amphenol's position in the market and expanding its product portfolio in the sensing and measurement technologies.

á In 2020, Indo-MIM Pvt. Ltd. announced the expansion of its manufacturing facilities in India, with an investment of approximately $70 million. The expansion was aimed at increasing the production capacity of MIM components for various industries, such as automotive, aerospace, medical, and defense.

á In 2019, Phillips-Medisize announced the acquisition of Medicom Innovation Partner, a Danish-based developer and manufacturer of connected drug delivery devices. The acquisition was aimed at expanding Phillips-Medisize's capabilities in the healthcare sector and enhancing its portfolio of drug delivery products.

á In 2018, ARC Group Worldwide Inc. announced the acquisition of 3D Material Technologies LLC, a provider of additive manufacturing services and advanced materials. The acquisition was aimed at enhancing ARC's capabilities in the aerospace and defense sectors and expanding its product offerings.

á In 2017, Precision Castparts Corp. announced the acquisition of Permaswage SAS, a French-based manufacturer of fluid fittings and connectors for the aerospace industry. The acquisition was aimed at expanding Precision Castparts' product offerings in the aerospace sector.

Metal Injection Molding (MIM) Market Report Scope

PARAMETERS

DETAILS

The market size value in 2022

USD 4 Billion

CAGR (2022 - 2032)

8%

The Revenue forecast in 2032

USD 8 Billion

Base year for estimation

2022

Historical data

2020-2021

Forecast period

2022-2032

Quantitative units

• Revenue in USD Billion
• CAGR from 2022 to 2032

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

By Material Type Outlook, End-use Industry Outlook, Regional Outlook

By Material Type Outlook

• Stainless Steel
• Titanium
• Copper
• Others

By End-use Industry Outlook

• Automotive
• Medical and Healthcare
• Aerospace and Defense
• Consumer Goods
• Others

Regional scope

North America; Europe; Asia Pacific; Latin America ; Middle East & Africa

Browse press release:

https://www.reportsanddata.com/press-release/global-metal-injection-molding-market

Leading Players in the Metal Injection Molding (MIM) Market:

The global Metal Injection Molding (MIM) market exhibits a high degree of consolidation, with a select group of major players responsible for a significant share of the market's total revenue. These leading companies are actively pursuing a range of strategies, including mergers and acquisitions, strategic agreements and contracts, and the development, testing, and introduction of more innovative products. Several prominent companies featured in the global Metal Injection Molding market report include:

á Indo-MIM Pvt. Ltd.

á Advanced Materials Technologies Pte Ltd.

á ARC Group Worldwide Inc.

á Amphenol Corporation

á Precision Castparts Corp.

á Phillips-Medisize

á Metal Injection Molding Technology AB

á Microfine Metal Powders

á NetShape Technologies Inc.

á Shin Zu Shing Co., Ltd.

á Dean Group International

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Market Summary:

The global Permanent Magnet Market reached a size of USD 21.63 billion in 2022 and is projected to attain a value of USD 39.44 billion by 2032, marking a substantial revenue Compound Annual Growth Rate (CAGR) of 6.2% during the forecast period. The primary driver of this market's revenue growth is the increasing demand for permanent magnets across a diverse range of industries, including automotive, electronics, and energy generation.

Permanent magnets, which maintain their magnetic properties even after being removed from an external magnetic field, play a vital role in the production of various electronic components such as sensors, electric motors, generators, and more. Furthermore, the automotive and energy generation sectors are experiencing a growing need for permanent magnets, attributed to the surging popularity of electric vehicles and the adoption of renewable energy sources, respectively.

Moreover, manufacturers are actively developing advanced permanent magnet materials like neodymium iron boron (NdFeB) and samarium cobalt (SmCo) magnets to meet the rising demand for magnets with enhanced energy density and increased efficiency. These materials, when compared to traditional magnet materials like ferrite magnets, offer superior performance and greater energy efficiency.

Additionally, the wind energy industry is witnessing an increased requirement for permanent magnets, driven by the growing emphasis on energy efficiency and environmental preservation. Permanent magnets are integral components in wind turbine generators, converting wind energy into electrical power. The rising installation of wind turbines for renewable energy production is further propelling the demand for permanent magnets in the wind energy sector.

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Strategic Development:

á In 2021, Hitachi Metals Ltd. announced the development of a new neodymium magnet, called Neomax, which has improved magnetic properties compared to traditional neodymium magnets. The new magnet is expected to have applications in electric vehicles, industrial motors, and other high-performance applications.

á In 2020, Shin-Etsu Chemical Co. Ltd. announced a collaboration with Toyota Motor Corporation to develop magnet wires that use high-performance silicon resin with low viscosity. The wires are expected to have applications in electric vehicles, wind power generators, and other industrial applications.

á In 2020, Arnold Magnetic Technologies acquired Precision Thin Metals, a U.S. company that specializes in precision rolled thin magnetic materials. The acquisition was aimed at expanding Arnold Magnetic Technologies' product offerings in the global market.

á In 2020, TDK Corporation announced a joint venture with Jinchuan Group, a Chinese mining and metallurgy company, to produce and sell neodymium magnets. The joint venture was aimed at securing a stable supply of rare earth materials for the production of neodymium magnets.

Permanent Magnet Market Report Scope

PARAMETERS

DETAILS

The market size value in 2022

USD 21.63 Billion

CAGR (2022 - 2032)

6.2%

The Revenue forecast in 2032

USD 39.44 Billion

Base year for estimation

2022

Historical data

2020-2021

Forecast period

2022-2032

Quantitative units

• Revenue in USD Billion
• CAGR from 2022 to 2032

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

By Type Outlook, End-Use Outlook, Regional Outlook

By Type Outlook

• Neodymium
• Ferrite
• SmCo
• Alnico
• Others

By End-Use Outlook

• Automotive
• Electronics
• Energy
• Medical
• Industrial
• Others

Regional scope

North America; Europe; Asia Pacific; Latin America ; Middle East & Africa

Browse press release:

https://www.reportsanddata.com/press-release/global-permanent-magnets-market

Leading Players in the Permanent Magnet Market:

The global market for permanent magnets is characterized by a high degree of consolidation, with a select group of dominant players responsible for a significant portion of the market share. These major players in the market are implementing a variety of strategies, including mergers and acquisitions, collaborative ventures, product launches, and partnerships, aimed at fortifying their positions within the market. Among the prominent companies operating in the global permanent magnet market are:

á Hitachi Metals Ltd.

á Shin-Etsu Chemical Co. Ltd.

á Arnold Magnetic Technologies

á Adams Magnetic Products Co.

á Daido Steel Co. Ltd.

á TDK Corporation

á Arnold Magnetic Technologies

á Ningbo Yunsheng Co. Ltd.

á Tengam Engineering Inc.

á VACUUMSCHMELZE GmbH & Co. KG

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Market Summary:

The global Advanced Phase Change Materials Market had a valuation of USD 1.28 billion in 2022 and is projected to reach USD 3.78 billion by 2032, showcasing a robust revenue Compound Annual Growth Rate (CAGR) of 16.7% during the forecast period. The market's revenue growth is primarily driven by two main factors: the increasing demand for energy-efficient construction and the expanding utilization of advanced phase change materials in the building and construction industry. Additionally, the automotive sector's growing requirement for sophisticated phase change materials is contributing significantly to the market's revenue expansion.

Advanced phase change materials are gaining prominence within the building and construction sector due to their capability to store and release thermal energy. These materials play a vital role in regulating indoor temperatures, thereby reducing the energy consumption of HVAC (heating, ventilation, and air conditioning) systems. As a result, they find application in various building components, including roofs, walls, and flooring.

Furthermore, the rising emphasis on energy-efficient buildings is boosting the demand for advanced phase change materials. These materials have demonstrated their effectiveness in reducing a building's energy consumption, leading to significant cost savings for building owners. Moreover, increasing governmental initiatives to curb carbon emissions and promote sustainable building practices are further fueling the adoption of advanced phase change materials.

In the automotive sector, innovative phase change materials are utilized in thermal energy storage systems to enhance the energy efficiency of vehicles. These materials excel at temperature control within automobiles, ultimately improving fuel efficiency and reducing emissions.

Additionally, the electronics industry is witnessing a growing need for advanced phase change materials. These materials are prized for their ability to regulate the temperature of electronic components, enhancing their performance. Consequently, advanced phase change materials are being integrated into various electronic applications, including heat sinks and thermal interface materials.

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Strategic Development:

á In 2021, Honeywell Electronic Materials Inc. announced that it was expanding its production capabilities for advanced PCM materials to meet the growing demand from various end-use industries, including building & construction and electronics.

á In 2020, BASF SE announced that it had acquired Rolic AG, a Swiss-based company that specializes in advanced PCM materials for various applications, including coatings, films, and displays. The acquisition was aimed at expanding BASF's product portfolio and strengthening its position in the global advanced PCM market.

á In 2020, Entropy Solutions LLC announced that it had entered into a partnership with The Glacier Bay National Park and Preserve to provide advanced PCM materials for the park's energy-efficient cabins. The project aimed to reduce the park's carbon footprint and improve its sustainability.

á In 2020, Rubitherm Technologies GmbH announced that it had developed a new generation of advanced PCM materials that can be used in various applications, including textiles and automotive. The new materials offer improved thermal performance and durability compared to traditional PCM materials.

á In 2020, Cryopak Industries Inc. announced that it had expanded its production capabilities for advanced PCM materials to meet the growing demand from various end-use industries, including healthcare and pharmaceuticals.

Advanced Phase Change Materials Market Report Scope

PARAMETERS

DETAILS

The market size value in 2022

USD 1.28 Billion

CAGR (2022 - 2032)

16.7%

The Revenue forecast in 2032

USD 3.78 Billion

Base year for estimation

2022

Historical data

2020-2021

Forecast period

2022-2032

Quantitative units

• Revenue in USD Billion
• CAGR from 2022 to 2032

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

By Type Outlook, Application Outlook, Regional Outlook

By Type Outlook

• Organic
• Inorganic
• Bio-based

By Application Outlook

• Building & Construction
• HVAC
• Cold Chain & Packaging
• Thermal Energy Storage
• Textiles
• Electronics
• Others

Regional scope

North America; Europe; Asia Pacific; Latin America ; Middle East & Africa

Browse press release: https://www.reportsanddata.com/press-release/global-advanced-phase-change-material-market

Leading Players in the Advanced Phase Change Materials Market:

The global market for advanced phase change materials (PCM) is marked by intense competition, with a significant number of participants engaged in the industry. Prominent players within this competitive landscape are directing their efforts toward expanding their product portfolios, advancing material development, and extending their market presence through strategic maneuvers such as mergers and acquisitions, as well as partnerships. Among the key companies featured in the global advanced phase change materials (PCM) market report are:

á BASF SE

á Cryopak Industries Inc.

á Climator Sweden AB

á Dow Corning Corporation

á Honeywell Electronic Materials Inc.

á Laird Technologies Inc.

á Rubitherm Technologies GmbH

á Entropy Solutions LLC

á Phase Change Energy Solutions Inc.

á Sasol Limited

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Market Summary:

The global Fiber Glass Flooring market had a valuation of USD 734.58 million in 2022 and is projected to reach USD 1140.23 million by 2032, showcasing a substantial revenue Compound Annual Growth Rate (CAGR) of 5% during the forecast period. Several significant factors contribute to the growth of market revenue, including the increasing demand for durable and eco-friendly flooring solutions, the growing utilization of fiberglass in construction and building ventures, and the incorporation of fiberglass in residential and commercial construction projects worldwide. Additionally, the popularity of fiber glass flooring is on the rise due to its ease of installation and lower maintenance costs.

The healthcare industry is experiencing an increased demand for fiberglass flooring, particularly for hospital floors, laboratories, and other healthcare facilities, owing to its exceptional resistance to moisture, mold, and bacteria. Furthermore, fiberglass flooring is gaining traction in commercial and industrial settings, including manufacturing facilities and warehouses, thanks to its slip-resistant properties.

Furthermore, the introduction of advanced fiberglass flooring options such as anti-static, fire-resistant, and sound-absorbing flooring is anticipated to drive market revenue growth. Given that fiberglass is a recyclable and environmentally friendly material, the demand for fiber glass flooring is surging in tandem with the growing acceptance of green building practices and sustainable flooring solutions.

However, factors like high installation costs and the availability of more economical alternatives, such as vinyl flooring, have the potential to hinder the growth of market revenue.

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Strategic Developments:

á In 2021, Tarkett acquired assets of Altro Limited, a UK-based company specializing in vinyl flooring products for commercial and industrial applications. The acquisition was aimed at expanding Tarkett's product portfolio in the healthcare and education sectors.

á In 2020, Gerflor Group acquired Connor Sports, a US-based manufacturer of sports flooring. The acquisition was aimed at expanding Gerflor's presence in the global sports flooring market.

á In 2020, Polyflor Ltd. launched a new range of luxury vinyl tiles (LVT) called the Camaro Collection. These tiles are designed to resemble real wood and stone, and offer durability and low maintenance. The collection includes over 100 designs and is aimed at the residential and commercial markets.

á In 2020, Interface, Inc. launched a new line of carpet tiles called the Brushed Lines Collection. These tiles feature a textured linear design and are made with recycled materials. The collection is aimed at the commercial market.

á In 2020, James Halstead Plc acquired Polystyl S.A., a Spanish manufacturer of resilient floor coverings. The acquisition was aimed at expanding James Halstead's presence in the European market.

Fiber Glass Flooring Market Report Scope

PARAMETERS

DETAILS

The market size value in 2022

USD 734.58 Million

CAGR (2022 - 2032)

5%

The Revenue forecast in 2032

USD 1140.23 Million

Base year for estimation

2022

Historical data

2020-2021

Forecast period

2022-2032

Quantitative units

• Revenue in USD Million
• CAGR from 2022 to 2032

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

By Product Type Outlook, Application Outlook, Regional Outlook

By Product Type Outlook

• Epoxy Resin
• Polyester Resin
• Others

By Application Outlook

• Residential
• Commercial
• Industrial
• Others

Regional scope

North America; Europe; Asia Pacific; Latin America ; Middle East & Africa

Leading Players in the Fiber Glass Flooring Market:

The market for fiberglass flooring is characterized by intense competition, featuring numerous significant players, both large and medium-sized, vying for a slice of the market share. Among the key companies operating within the global fiberglass flooring market are:

á Armstrong World Industries

á Mannington Mills

á Tarkett

á Forbo Holding AG

á Gerflor Group

á Polyflor Ltd.

á Interface, Inc.

á Shaw Industries Group

á James Halstead Plc

á Mohawk Industries

á Burke Industries

á Congoleum Corporation

á Koninklijke DSM N.V.

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Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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Market Summary:

The Milled Ferrosilicon Market had a size of USD 4.2 Billion in 2022 and is projected to achieve a value of USD 6.52 Billion by 2032, with a revenue compound annual growth rate (CAGR) of 5% throughout the forecast period. The primary driver behind the market's expansion is the increasing demand for milled ferrosilicon within the Steel and foundry sectors. Milled ferrosilicon plays a crucial role in steel manufacturing, elevating the metal's standards and enhancing its properties such as hardness, strength, and resistance to corrosion.

Furthermore, the rising demand for high-quality steel products across various end-use industries, including automotive, construction, and manufacturing, is expected to boost the need for milled ferrosilicon and expedite market revenue growth.

Additionally, the trend of downsizing in the electronics industry is anticipated to contribute to the growing demand for milled ferrosilicon. As a magneto strictive material, milled ferrosilicon finds applications in various electronic devices like sensors and actuators. Its ability to enhance the performance and sensitivity of these devices is driving increased demand within the electronics industry.

Moreover, consumer awareness of the benefits of renewable energy sources is fostering demand for milled ferrosilicon in the production of solar cells. Milled ferrosilicon is a vital component in improving the efficiency and durability of solar cells. The adoption of solar energy systems in residential, commercial, and industrial sectors is expected to further fuel the demand for milled ferrosilicon and accelerate market revenue growth.

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Strategic Development:

In 2021, DMS Powders entered into a strategic partnership with a leading European steel manufacturer to supply milled ferrosilicon for their heavy media separation process. This partnership aimed to strengthen DMS Powders' presence in the European market and expand its customer base.

In 2020, Exxaro Resources Ltd. announced plans to invest in the expansion of its ferrosilicon production capacity to meet the growing demand from the steel and foundry industries. The company aims to increase its production capacity by 20% over the next three years.

In 2019, JSW Steel Ltd. acquired a majority stake in M & M Alloys, a leading producer of milled ferrosilicon. The acquisition aimed to strengthen JSW Steel's position in the global milled ferrosilicon market and expand its product portfolio.

Milled Ferrosilicon Market Report Scope

PARAMETERS

DETAILS

The market size value in 2022

USD 4.2 Billion

CAGR (2022 - 2032)

5%

The Revenue forecast in 2032

USD 6.52 Billion

Base year for estimation

2022

Historical data

2020-2021

Forecast period

2022-2032

Quantitative units

• Revenue in USD Billion
• CAGR from 2022 to 2032

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

By Product Type Outlook, Application Outlook, Regional Outlook

By Product Type Outlook

• 65% Ferrosilicon
• 70% Ferrosilicon
• 72% Ferrosilicon
• 75% Ferrosilicon
• Others

By Application Outlook

• Steel Industry
• Ductile Iron Foundries
• Other Metallurgical Applications
• Welding Electrode Industry
• Others

Regional scope

North America; Europe; Asia Pacific; Latin America ; Middle East & Africa

Leading Players in the Milled Ferrosilicon Market:

The worldwide milled ferrosilicon market displays a moderate level of consolidation, with a select group of prominent players holding a significant portion of the market share. These leading companies are actively implementing strategies such as mergers and acquisitions, forming strategic partnerships, and introducing new products to both maintain their market positions and broaden their range of offerings.

Among the prominent firms operating within the global milled ferrosilicon market are:

á DMS Powders

á READE International Corp.

á Exxaro Resources Ltd.

á M & M Alloys

á Imexsar

á Anyang Xinchuang Metallurgy Material Co., Ltd.

á Futong Industry Co., Limited

á Westbrook Resources Ltd.

á Allmineral Aufbereitungstechnik GmbH & Co. KG

á JSW Steel Ltd.

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The global dairy packaging market size was USD 28.90 Billion in 2021 and is expected to register a revenue CAGR of 4.8% over the forecast period, according to the latest report by Reports and Data.

Dairy products must be packaged properly and effectively because they are perishable in order to facilitate storage and transportation. Due to its convenience, compact packaging is projected to see increased demand, which will fuel the industry even more. Recent trends show that manufacturers are increasingly concentrating on delivering products in smaller numbers. The market for flavoured milk products is growing, which is boosting the global dairy packaging market. Increased health consciousness, urbanisation, and consumption of a variety of dairy products as a result of rising demand for fresh foods as part of a balanced diet are major trends in the global dairy food packaging industry.

On the other hand, plastics and other non-biodegradable packing materials have alarmed both consumers and manufacturers. As a result, companies are turning to environmentally friendly and biodegradable packaging choices. Manufacturers adopt eco-friendly packaging strategies that emphasise the use of lighter materials and promote recycling. Since greenhouse-gas emissions from dairy operations represent a sizeable fraction of overall emissions in some countries and any changes to associated laws could have an effect on dairy output, environmental law is also expected to impede the development of dairy products.

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Some Key Highlights from the Report

á The industry is divided into categories based on application, including cream, cheese, ice cream, yoghurt and cultured goods, milk, butter, and others. The milk segment has the biggest global share of all of these segments. Milk has always been a staple of diets all across the world. It also includes important nutrients including Vitamin D, calcium, potassium, and B vitamins in addition to a sizeable amount of protein. Numerous studies have also demonstrated that consuming dairy products, such as milk, can help reduce osteoporosis and bone fractures.

á The Asia-Pacific area is anticipated to have the highest revenue share among all regions because of its significant milk consumption and production. More than half of the global dairy trade is concentrated in Asia-Pacific. The main forces behind market demand are expanding technological advancements and a rising inclination for healthy meals.

á North America accounted for a sizable portion of the global market in 2020. The main factors influencing the expansion of this sector in this area are the rising demand for dairy substitutes including almond, coconut, and soy milk as well as the acceptance of flavor-infused milk.

á By 2025, all Australian Dairy packaging should be reusable, recyclable, or compostable, according to the Australian Packaging Covenant Organization's (APCO) recently released Australian Dairy Sustainable Packaging Roadmap.

á Companies profiled in the market report include Bihai, Weyerhaeuser, Xinju Feng Pack, Jielong Yongfa, International Paper, Skylong, Ecolean, Coesia IPI, Serac, Teta Laval, SIG Combibloc, Elopak, Amcor, Greatview, Qingdao Likang Packing, Stora Enso, Nippon Paper Group.

á For the purpose of this report, Reports and Data has segmented the global dairy packaging industry into Type Outlook, Application Outlook, Regional Outlook:

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Type Outlook (Revenue, USD Billion; 2019-2030)

• Bottles
• Pouches
• Cups
• Cans
• Carton & Boxes

Application Outlook (Revenue, USD Billion; 2019-2030)

• Yogurt and cultured product
• Milk
• Butter
• Cheese
• Cream
• Ice Cream
• Others

Application Outlook (Revenue, USD Billion; 2019-2030)

• Residential
• Commercial

End-use Outlook (Revenue, USD Billion; 2019-2030)

• Building & Construction
• Automotive & Transportation
• Electrical & Electronics
• Others

Regional Outlook (Revenue, USD Billion; 2019-2030)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• U.K.
• France
• Italy
• Spain
• Sweden
• BENELUX
• Rest of Europe
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of APAC
• Latin America
• Brazil
• Rest of LATAM
• Middle East & Africa
• Saudi Arabia
• UAE
• South Africa
• Israel
• Rest of MEA

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