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Showing posts from December, 2023

Emerging Trends in the Stone Plastic Composite Flooring Market: A Comprehensive Overview

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  The Stone Plastic Composite Flooring Market is estimated for 2023 for the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Stone plastic composite flooring, also known as SPC flooring, is a type of floating waterproof flooring that resembles natural stone or hardwood. It provides robust durability for both residential and commercial spaces such as homes, offices, retail stores etc. Market Dynamics: Growing renovation and construction activities across both developed and developing regions are driving the growth of the global  stone plastic composite flooring market . According to U.S. Census Bureau, the total construction spending in 2022 is estimated to reach USD 1.91 trillion, witnessing a 7.8% growth over 2021 spending levels. Further, steady expansion of real estate sector in countries like China, India, Mexico etc. has increased the demand for quality flooring solutions like stone plastic composite floorin...

Athletic Footwear Market Dynamics: Global Outlook and Regional Variances

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  The Athletic Footwear Market is estimated for 2023 for the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Athletic footwear includes various shoes such as running shoes, basketball shoes, football boots, tennis shoes, and other sport-specific footwear. They provide protection, stability, and comfort during sports and fitness activities. Market Dynamics: The  athletic footwear market  is expected to exhibit significant growth due to rising health consciousness and increasing participation in sports and fitness activities among people globally. Moreover, technological advancements in footwear design and material to enhance performance are further contributing to the market growth. Players are focusing on developing lightweight, breathable shoes equipped with advanced features to attract more customers. Furthermore, growing young population and rising disposable income in developing countries are some of th...

Frozen Food Market Dynamics: Challenges and Emerging Trends

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  The Frozen Food Market is estimated for $300 billion for the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Frozen food products such as frozen pasta, frozen pizza, frozen ready meals, frozen meat and seafood among others have gained popularity in recent years. Changing lifestyle and increase in number of working women have fueled the demand for convenience food products globally. Market Dynamics: The growth of the frozen food market can be attributed to two major drivers - rising demand for convenience food and growth of retail sector globally. Consumers today seek ready to eat food options that can be prepared quickly to save time in cooking and cleaning. Also, increasing organized retail channels such as supermarkets and hypermarkets have increased the availability of frozen food products globally. This has resulted in higher adoption of frozen food. Further, rising urbanization has fueled the demand for packag...

Latin America Barley Market Dynamics: A Comprehensive Review

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  The Latin America Barley Market is estimated for 2023 for the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Barley is a cereal grain used for animal fodder, malt, and human consumption. It is also utilized to produce beer, whiskey, and other distilled beverages. The main uses of barley in Latin America are animal feed, malt for beer production, and as an ingredient in soups, breads, and other baked goods. Market Dynamics: The Latin America barley market is driven by the increasing demand from the food industry, especially the beer industry. Latin American countries, including Brazil and Argentina, are witnessing growing beer consumption, which is supporting the demand for barley used for malt production. Additionally, rising demand for animal feed grains from the expanding meat industry is also contributing to market growth. The high nutritional value of barley makes it a favorable choice for animal feed. Further...

Innovations Driving the Blowing Agents Market: An In-depth Examination

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  The Blowing Agents Market is estimated for 2023 for the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Blowing agents are chemicals that increase the volume and decrease the density of polymers through the production of small, stable, dispersed bubbles. They are commonly used as foaming agents in manufacturing processes of insulation foams such as polyurethane and polystyrene. Market Dynamics: Expanding construction and automotive industries have boosted the demand for polyurethane foams across the globe. Polyurethane foams find wide application in construction for insulation and automotive industry for manufacturing seats, instrument panels, and interior trims. Furthermore, growing industrial sector has also contributed to the increasing consumption of polyurethane foams for insulation, gaskets, and sealing purposes over the forecast period. The growth of polyurethane foam market increased the need for blowing ag...

Industrial Alcohol Market Overview: Emerging Opportunities and Market Expansion Strategies The Industrial Alcohol Market is estimated for 2023 - 2030 forecast period, as highlighted in a new report published by Coherent Market Insights. Market Overview: Industrial alcohol is primarily used as a solvent in manufacturing industries such as automotive, pharmaceutical, cosmetics and others. It finds major applications in cleaning products, sanitizers, and disinfectants. Market Dynamics: The industrial alcohol market is expected to witness significant growth over the forecast period, owing to rising demand from end-use industries like automotive, pharmaceuticals, cosmetics and more. Growing requirement for surface disinfectants and sanitizers due to increasing hygiene standards post-Covid is driving market growth. Additionally, escalating demand for methanol and ethanol in production of light olefins, solvents and fuel oxygenates is also fueling market expansion. The increasing use of bioethanol as automotive fuel on account of various environmental regulations is further augmenting the market growth. Industrial Alcohol Market Drivers: Rising Demand for Alcohol-based Disinfectants and Sanitizers During COVID-19 The outbreak of the COVID-19 pandemic has significantly increased the demand for alcohol-based disinfectants and sanitizers across the globe. Various government organizations and health bodies recommend using hand sanitizers containing at least 60% alcohol to help reduce the spread of novel coronavirus. As a result, the sales of alcohol-based sanitizers have surged exponentially since the start of 2020. The industrial alcohol market players have witnessed a substantial rise in orders from sanitizer formulators and manufacturers to fulfill this unprecedented demand. Moreover, with workplaces, public transportation, schools, and other commercial spaces adopting proper sanitization protocols, the demand for industrial alcohol in sanitizers is expected to remain higher than pre-pandemic levels even after the crisis is over. Increasing Adoption of Alcohol as Biofuel Rising environmental concerns and depleting crude oil reserves are encouraging governments worldwide to promote the usage of renewable biofuels. Ethanol, which is produced from biomass feedstock through fermentation and distillation processes, has emerged as one of the leading biofuels. Many countries offer incentives and tax credits to biofuel producers and blenders. For instance, the US mandates a certain percentage of biofuel to be blended with gasoline each year under the Renewable Fuel Standard program. This steadily growing demand for ethanol as a biofuel additive is positively impacting the industrial alcohol market. Leading beverage alcohol producers are expanding their distillation capacities to capitalize on this opportunity. Industrial Alcohol Market Restrain: Stringent Regulations on Alcohol Production and Trade All countries have formulated strict norms and policies governing the production, trade, distribution, and usage of alcohol to prevent illegal activities. Players in the industrial alcohol market need to obtain various licenses and permits from concerned authorities and regularly file compliance reports. Moreover, regulations on alcohol concentration limits in final products lead to wastage of high-proof or undenatured alcohol. Changes in policies also disrupt the supply chain. For example, during the initial phase of the COVID-19 outbreak, there were export restrictions on industrial alcohol and raw materials in several countries, restricting supplies. While regulations aim to curb alcohol misuse, overcompliance also adds to the operational costs for market participants. Industrial Alcohol Market Opportunity: Growing Demand for Denatured Ethanol in Pharmaceutical and Personal Care Products Denatured or undrinkable ethanol finds numerous applications as a solvent and extractant in medicines, cosmetics, detergents, and other consumer goods. It is used as an emollient, viscosity-controlling agent, and preservative in personal care formulations. In the pharmaceutical industry, ethanol acts as an antibacterial agent and solubilizer for active pharmaceutical ingredients. With rising health awareness and increasing spending on health and wellness products, the demand for various pharmaceutical and personal care products is surging globally. This rising demand offers opportunities for industrial ethanol producers to expand into new applications through product innovation and partnerships with end-user companies. Industrial Alcohol Market Trend: Focus on Renewable and Sustainable Alcohol Production Concerns around fossil fuel depletion and carbon emissions are driving the shift towards sustainable production methods. Industrial alcohol producers are investing in advanced fermentation technologies and using renewable biomass as raw materials like sugarcane molasses, corn, and wheat to produce cellulosic ethanol and bio-based chemicals. For example, some companies produce ethanol from agricultural and forestry waste through biochemical and thermochemical conversion processes. There is also a growing focus on reducing energy and water usage through process optimization. Technological advancements in the area of genetically modified yeast strains and complex sugar fermentation are further supporting green alcohol manufacturing. This emphasis on renewable resources and efficiency complements governments' push for a low-carbon economy.

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  The Industrial Alcohol Market is estimated for 2023 - 2030 forecast period, as highlighted in a new report published by Coherent Market Insights. Market Overview: Industrial alcohol is primarily used as a solvent in manufacturing industries such as automotive, pharmaceutical, cosmetics and others. It finds major applications in cleaning products, sanitizers, and disinfectants. Market Dynamics: The industrial alcohol market is expected to witness significant growth over the forecast period, owing to rising demand from end-use industries like automotive, pharmaceuticals, cosmetics and more. Growing requirement for surface disinfectants and sanitizers due to increasing hygiene standards post-Covid is driving market growth. Additionally, escalating demand for methanol and ethanol in production of light olefins, solvents and fuel oxygenates is also fueling market expansion. The increasing use of bioethanol as automotive fuel on account of various environmental regulations is further a...

Specialty Polymers Market: Exploring Niche Applications and Market Opportunities

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  The Specialty Polymers Market is estimated for 2023 for the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Specialty polymers are engineered polymers that exhibit superior mechanical properties, thermal stability, and resistance to chemicals. They find widespread applications in industries such as automotive & transportation, consumer goods, electrical & electronics, and construction. Market Dynamics: Specialty polymers are gaining high traction owing to their ability to enhance performance and impart unique properties not found in commodity polymers. They are increasingly replacing metals in applications that require high strength, low weight and corrosion resistance. Additionally, the growing demand from end-use industries such as automotive and construction is expected to fuel the market growth over the forecast period. Developments in the field of nanotechnology have led to the introduction of nano-fil...

Rising Demand for Flexible Electronics Driving Ultra-Thin Glass Market Growth

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  The Ultra-Thin Glass Market is estimated for 2023 for the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Ultra-thin glass is a non-silicate glass under 1mm thick that is increasingly being used in touch panels, displays and cover glass applications. Its ultra-thin profile offers advantages in terms of durability, light weight and flexibility. Market Dynamics: The ultra-thin glass market is expected to witness significant growth over the forecast period owing to rising demand from consumer electronics such as smartphones, tablets and wearable devices. The smartphone and tablet industries have been a major driver of ultra-thin glass demand with manufacturers favoring edge-to-edge screens requiring ultra-thin cover glass panels. Additionally, growth in the wearable device sector is also fueling market demand as smart watches and smart glasses utilize ultra-thin glass to enable a lightweight and durable form factor id...

Exploring Innovations in the Roofing Materials Market: A Technological Overview

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  The Roofing Materials Market is estimated for 2023 for the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Roofing materials such as asphalt shingles, clay tiles, concrete tiles, metal sheets, membranes etc. are used widely in construction of commercial and residential buildings for protection from external elements such as rain, heat, wind etc. These materials provide weatherproofing and insulation. Market Dynamics: The roofing materials market is expected to grow at a significant rate during the forecast period owing to rising construction activities across both residential and non-residential sectors. Increased urbanization has led to demand for new housing units and commercial infrastructure projects which is driving the market growth. Furthermore, repair and renovation of existing structures also contributes to the demand for roofing materials. Growth in infrastructure projects such as roadways, metros, airpor...

Intermittent Fasting Diet is fastest growing segment fueling the growth of Weight Loss Diet Products Market

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  The global Weight Loss Diet Products Market is estimated to be valued at US$ 206.04 Bn or Billion in 2023 and is expected to exhibit a CAGR of 7.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Weight loss diet products are foods designed to help individuals lose weight by restricting calories or micronutrients such as carbohydrates and fats. Popular weight loss diet products include whole food meal replacements, soups, snacks, and beverages. Such products offer convenience, taste, and support weight loss without excessive meal planning or preparation. Market key trends: One of the major trends fueling the growth of the  weight loss diet products market  is the rising popularity of intermittent fasting diets. Intermittent fasting diets involve fasting for short or extended periods. They are gaining traction owing to claimed benefits such as weight loss, improved blood sugar levels, reduced i...

Fertilizers and Pesticides is fastest growing segment fueling the growth of Agrochemicals Market

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  The global Agrochemicals Market is estimated to be valued at US$ 81.27 Bn or Mn in 2023 and is expected to exhibit a CAGR of 6.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Agrochemical products such as fertilizers, pesticides, liming and acidifying agents help in enhancing the crop quality and soil health. These products help increase agricultural productivity and protect crops against pests, weeds and plant diseases. The growing population and decreasing farm land is increasing the need for high yielding crop varieties and agrochemicals. Market key trends: Increasing organic farming is one of the key trends being witnessed in the agrochemicals market. With the rising health concerns pertaining to the consumption of chemical-based fertilizers and pesticides, consumers are shifting towards organic foods. Organic farming promotes sustainability and uses processes/products that have a low impact on t...

The global industrial garnet market Growth Accelerated by Rising Demand from Abrading and Waterjet Cutting Applications

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  Industrial garnet is used for various industrial applications such as abrasive blasting, waterjet cutting, abrasive powder, water filtration, and woodworking. It is highly efficient in abrasive blasting due to its hardness and angular crushed particle shape. Growing construction and automotive industries have augmented the demand for industrial garnet in abrasive blasting media. Industrial garnet provides precise contouring and cutting capabilities to waterjet cutting machines. These advantages have increased the adoption of industrial garnet in waterjet cutting applications. The global industrial garnet market is estimated to be valued at US$ 1024.4 Mn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends:  The rising demand from abrading and waterjet cutting applications has been a key growth driver of the  industrial garnet market . Industrial ga...

Water-Based Automotive Coatings Segment is fastest growing segment fueling the growth of the Waterborne Automobile Coatings Market

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  The global Waterborne Automobile Coatings Market is estimated to be valued at US$ 86.39 Bn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Waterborne automobile coatings are environment-friendly coatings used for protection and decoration of automobiles. They offer advantages like low VOC emissions, corrosion resistance and hardness. Growing environmental concerns are increasing the demand for waterborne coatings. Market key trends: Stringent environmental regulations regarding VOCs emissions from coatings is a major driver of  waterborne automobile coatings market  growth. VOCs released from solvent-borne coatings are hazardous air pollutants. Their use is being restricted through regulations like REACH in Europe. Waterborne coatings produce 80-90% lower VOC and HAP emissions compared to solvent-borne ones. Thus, manufacturers are shifting fro...

Intelligent Pigging Growth Accelerated by Increasing Pipeline Integrity Monitoring Needs

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  Intelligent pigging technology involves the use of in-line inspection tools known as smart pigs or intelligent pigs to inspect and monitor oil and gas pipelines for defects, corrosion and other anomalies without disrupting the flow. Intelligent pigs help detect any potential defects and leaks in pipelines to ensure pipeline integrity and safety. With growing concerns around aging oil and gas infrastructure and pipelines worldwide, the demand for continuous pipeline monitoring solutions like intelligent pigging is surging to prevent accidents and unplanned downtime. The global Intelligent Pigging Market is estimated to be valued at US$ 1,408.3 Bn in 2023 and is expected to exhibit a CAGR of 6.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing need for pipeline integrity monitoring and assessment is a key trend driving growth of the intelligent pigging market. Pipelines transport a major ...

Kids Electric Tricycles is fastest growing segment fueling the growth of Kids Tricycles Market

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  The global Kids Tricycles Market is estimated to be valued at US$ 5.33 Bn in 2023 and is expected to exhibit a CAGR of 5.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Kids tricycles are three-wheeled vehicles that are ridden by young children for recreational and learning purposes. Kids tricycles help in developing balance, coordination and riding skills of children at an early age. They commonly feature three wheels for additional stability compared to bicycles and come in various designs like standard tricycles, activity center tricycles, box tricycles, etc. Market key trends: The increasing popularity of battery-powered or electric kids tricycles is one of the major trends being witnessed in the market. These electric kids tricycles feature rechargeable batteries that power the motor to propel the vehicle, requiring no pedaling effort from children. They help kids easily maneuver and promote out...

Coconut Products Market Dynamics: Unveiling Key Drivers and Market Forces

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  The coconut products market is estimated for 2023 for the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Coconut products are derived from coconuts grown primarily in tropical coastal areas. They include coconut oil, coconut water, dried coconut, and coconut milk powder among others. Coconut products are widely used in various food processing, personal care and cosmetic industries. Market Dynamics: The coconut products market is expected to grow at a significant pace owing to rising awareness about health benefits associated with coconut. Coconut contains several nutrients like vitamins, minerals, and fatty acids that provides health benefits such as improving heart health, boosting immunity, and weight management. Another key driver fueling the market growth is increasing usage of coconut products in food processing industry. Coconut oil and powder finds wide application in bakery, confectionery and savory snacks...