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Showing posts from February, 2024

Global Food Stabilizer Market Anticipated to Witness Growth Due to Rise in Demand for Convenience Food Items

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  The global food stabilizer market comprises various products such as pectin, agar, carrageenan, gelatin, etc that help stabilize food textures and viscosity. These products play a vital role in improving taste, texture, and shelf life of convenience food and beverage products. The rising demand for packed and processed food items among growing population is driving the growth of the food stabilizer market. The increasing consumption of dairy, beverages, confectionery products has created significant opportunities for stabilizer manufactures. The Global food stabilizer market is estimated to be valued at US$ 9.5 Billion in 2024 and is expected to exhibit a CAGR of 6.9% over the forecast period 2023 to 2030. Key Takeaways Key players operating in the  food stabilizer market  are BASF SE, Cargill Inc., Celanese Corporation, Chr. Hansen A/S, DuPont, JEY'S F.I. INC, Kerry Group, Koninklijke DSM N.V, and The Archer Daniels Midland Company. These major players are focusing on ...

The Global Automotive Aluminum Market Growth is projected to driven by lightweighting trends

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  The automotive aluminum market has witnessed significant growth over the past few years owing to the advantages aluminum provides in terms of lightweighting vehicles. Aluminum is approximately one-third the weight of steel and is corrosion resistant. With growing environmental concerns, automakers are increasingly using aluminum in various auto components such as engine blocks, wheels, bumpers, and vehicle body instead of cast iron and steel to reduce vehicle weight and improve fuel efficiency. Aluminum vehicles are lighter while retaining the structural rigidity needed for safety. This has increased the adoption of aluminum in both electric vehicles and hybrid vehicles. The global automotive aluminum market is estimated to be valued at US$ 58.33 billion in 2024 and is expected to exhibit a CAGR of 12.% over the forecast period 2024 to 2031. Key Takeaways Key players operating in the automotive aluminum market are Alcoa Inc., Arconic Inc., UACJ Corporation, CHALCO, AMG Advanced M...

Liquefied Natural Gas Market: Industry Insights by Application, Region, and Forecast.

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  The Liquefied Natural Gas Market is estimated for 2024 for the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights. Market Overview: Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4) that has been cooled down to liquid form for ease and safety of non-pressurized storage or transport. LNG takes up about 1/600th the volume of natural gas in the gaseous state. This process makes LNG cost-effective to transport over long distances where pipelines do not exist. Market Dynamics: The global  Liquefied natural gas market  is expected to witness significant growth over the forecast period, owing to rising number of LNG import terminals across various regions and increasing government focus on emerging natural gas-based economy. Between 2024-2031, over 120 new LNG import terminals are expected to come online, predominantly in Asia Pacific, Middle East, and North America. This rise in import infrastructure will boos...

Latex Ink Market Poised to Grow Substantially due to Widening Application in Textile Printing

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  The global latex ink market is a highly fragmented space that is used majorly in the flexography printing application. Latex inks are water-based viscous fluids that combine pigments and polymers to create solvent-free colors for printing applications. They work on the principle of film formation by allowing ink droplets to adhere onto surfaces owing to their composition of natural rubber or synthetic polymers like styrene-butadiene rubber. The need for eco-friendly, non-toxic printing options is driving the adoption of latex inks in various end-use industries like packaging, paper, publishing, and textiles. The Global latex ink market is estimated to be valued at US$ 23.89 Bn in 2024 and is expected to exhibit a CAGR of 3.1% over the forecast period 2023 to 2030. Growing environmental regulations regarding solvent usage and the push for sustainability are compelling printers to shift from solvent-based to water-based ink technologies like latex. Moreover, the packaging industry'...

Itaconic Acid Market is Poised for Robust Growth by 2030 owing to low VOC emissions

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  Itaconic acid is a naturally occurring unsaturated organic acid. It is considered a platform chemical that can be produced sustainably from renewable feedstocks such as sugar or starch. The Global itaconic acid market size is estimated to be valued at US$ 134.1 Mn in 2024 and is expected to exhibit a CAGR of 4.1% over the forecast period of 2023 to 2030. Itaconic acid finds wide range of applications as dispersants, diverting agents, scale inhibitors, leather finishing agents, surfactants, and in the manufacture of plastics, artificial fibers and synthetic resins. It can be used as a monomer in the synthesis of plastic polymers such as acrylic resin, methacrylic resin, and copolymer resin. It can also serve as a cost-effective substitute for petroleum-derived methyl methacrylate. Growing demand from various end-use industries such as adhesives, sealants, coatings, plasticizers and pharmaceuticals is projected to fuel the growth of global itaconic acid market in the coming years. ...

Latin America Barley Market is Anticipated to Witness High Growth Owing to Increasing Demand for Craft Beer

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  The Latin America barley market comprises barley and barley products such as malt, brewer's grains and barley flour. Barley is majorly cultivated as a grain crop for brewing, distilling and malt production in the region. It provides antioxidants, fiber and various vitamins and minerals. The demand for barley is increasing in the region due to rising consumption of craft beer. Craft beer is an artisanal beer made by small, independent and traditional breweries. The market for craft beer has expanded significantly in Latin America over the past few years owing to growing popularity of microbreweries. The Global Latin America Barley Market is estimated to be valued at US$ 3.44 Bn in 2024 and is expected to exhibit a CAGR of 3.5% over the forecast period 2023 to 2030. Key Takeaways Key players operating in the Latin America barley market are Grain crop Limited, Malteurop Group, Soufflet Group, Crisp Malting Group, Global Malt Gmbh & Co. Kg, Ireks Gmbh, Muntons Plc, Maltexco S.A.,...

Intelligent Pigging Market is Anticipated to Witness High Growth Owing to Rising Implementation of Smart Pigging Technology

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  Intelligent pigging refers to using inline inspection tools known as "smart pigs" or intelligent pigs to inspect and monitor the integrity of oil and gas pipelines from the inside without stopping the product flow or requiring the pipeline to be depressurized. The intelligent pigs are inserted into and propelled by the product flow in the pipeline and collect large volumes of data which is then analyzed for detection of corrosion, cracks, dents, or other defects and irregularities in the pipeline. Intelligent pigging plays a vital role in pipeline integrity management programs as it allows for inspection of long pipelines in a short time without the need for excavation. The global intelligent pigging market is estimated to be valued at US$ 1,408.3 Bn in 2024 and is expected to exhibit a CAGR of 6.5% over the forecast period 2023 to 2030. Key Takeaways Key players operating in the intelligent pigging market are LIN SCAN, T.D. Williamson, Inc., Baker Hughes Incorporated, GE O...

Asia (Japan, South Korea, China, India, ASEAN) Waste and Biomass Valorization Market Growth Accelerated by Developing Renewable Energy Sector

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  Waste and biomass valorization refer to the process of converting waste and biomass resources, such as municipal solid waste (MSW), agricultural waste and forestry residues into valuable products that include chemicals, materials and fuels through various thermochemical and biochemical processes. The rising awareness regarding sustainable waste management and increasing focus on development of renewable energy have accelerated the production of fuels and materials from waste and biomass. The global Asia (Japan, South Korea, China, India, ASEAN) Waste and Biomass Valorization Market is estimated to be valued at US$ 118.9 billion in 2023 and is expected to exhibit a CAGR of 7.8% over the forecast period 2023-2033, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing utilization of biomass and municipal solid waste for energy production in developing renewable energy sector across Asia Pacific countries has been a key market trend. ...

Frozen Food Market is Expected to be Flourished by Increasing Demand for Convenience Foods

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  Frozen food products including vegetables, meats, poultry, seafood, ready meals, snacks, fruits, and desserts are an excellent solution for extending shelf life and preserving freshness of food without adding any preservatives. The convenience, affordability, and nutritional value of frozen food are driving its demand among the consumers. The global Frozen Food Market is estimated to be valued at US$ 167116.37 Mn in 2023 and is expected to exhibit a CAGR of 4.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: Rising demand for convenience food products is one of the major factors propelling the growth of the frozen food market. Busy and hectic lifestyles have raised demand for convenient, easy-to-cook and easy-to-eat food options. As frozen foods do not require much preparation or cooking time, they offer high convenience to the time-pressed consumers. Working professionals, single adults, and young c...

Trawl Ropes and Nets Market Growth Accelerated by Increased Consumer Base

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  Trawl ropes and nets are important fishing gear used for commercial bottom trawling to catch fish species such as shrimp, prawn, lobsters and crabs. Trawl ropes and nets are manufactured using quality synthetic and natural fibers which offer great strength and durability while trawling in sea waters. Technological advancements have helped produce high strength, yet lightweight trawl ropes and nets that result in better catches. The global Trawl Ropes and Nets Market is estimated to be valued at US$ 359.05 Mn in 2023 and is expected to exhibit a CAGR of 5.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The growth of the Trawl Ropes and Nets Market isaccelerated by the increasing consumer base. Rapid urbanization and rising disposable incomes in developing economies have led to greater demand for seafood. This has encouraged commercial fishing activities using trawl nets and ropes. Moreover, adoption...

Heat Treated Glass Market is Expected to be Flourished by Increased Uptake in Building and Construction Industry

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  Glass is a hard, brittle, non-crystalline, amorphous solid that is transparent and has wide applications in construction, automotive, electronics, solar and others. Heat treated glass are processed at higher temperatures to enhance the physical properties and change the microstructure of glass without altering its optical properties. They exhibit properties like low-emissivity, high-impact resistance and offer self-cleaning benefits. Heat treated glasses have higher mechanical strength and scratch resistance. The global Heat Treated Glass Market is estimated to be valued at US$ 474.5 Mn in 2023 and is expected to exhibit a CAGR of 3.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing application of heat treated glass in construction industry is the major trend that is accelerating the market growth. These glasses are extensively used in architectural applications to provide energy effici...

The Global Bath Bombs Market is Estimated to Witness High Growth Owing to the Increasing Acceptance of Bath Products for Self-Care

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  Bath bombs are effervescent products made using dry ingredients that dissolve in water to produce colorful foam or fragrance. Bath bombs help in moisturizing and exfoliating the skin, relieving stress and providing relaxation. They are gaining popularity among consumers as an effective self-care product. With rising awareness regarding health and wellness, individuals are increasingly opting for aromatherapy and beauty products to reduce stress and indulge in self-care rituals. This rising trend of self-care is one of the major factors driving the growth of the global bath bombs market. The Global Bath Bombs Market is estimated to be valued at US$ 138.36 Bn in 2024 and is expected to exhibit a CAGR of 4.0% over the forecast period 2023 to 2030. Key Takeaways Key players operating in the Bath Bombs market are Lush Ltd., Body Shop International Limited, The Village Company LLC, Pearl Bath Bombs, Hugo Naturals, Level Naturals, Swanky Sweet Pea, Heavenly Bubbles Ltd, The Natural Soap...

Duty Free Retailing Market Growth Accelerated by Continued Growth of the Travel Retailing Industry

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  Duty free retailing refer to the sale of goods to travellers without payment of certain local or national taxes and duties. Duty free goods are sold in travel retail stores that are located within secure zones such as airports and ships. Common duty free products include perfumery and cosmetic products, wine and spirits, tobacco goods and fashion accessories. The global travel retail industry has witnessed increased air passenger traffic in recent years, thereby fuelling demand for duty free goods. With rising disposable incomes and globalization, international travel is gaining prominence which is expected to drive further growth of the travel retailing sector. The global Duty Free Retailing Market is estimated to be valued at US$ 38.95 Bn in 2023 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The continued growth of the global travel retail industry remains...

The global Bay Leaf Market Growth Accelerated by Rising Convenience Food Demand

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  Bay leaves are aromatic leaves that are used as a seasoning or herb in various cuisines. They add flavor and fragrance to soups, stews, rice dishes, sauces, baked goods and meats. The demand for processed and convenience food products has been growing significantly, fueled by changing lifestyles and busy schedules. Bay leaves are widely used in processed foods and convenience meals for its fragrance and flavor enhancing properties. The global Bay Leaf Market is estimated to be valued at US$ 887.4 Mn in 2023 and is expected to exhibit a CAGR of 4.1% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The growing demand for convenience food has been a key driver accelerating the growth of the  bay leaf market . Bay leaves are commonly used seasoning in instant noodles, soups and other ready-to-eat meals due to its distinctive aroma and taste. With rising urbanization and busy lifestyles, consumers are inc...

The global Fitness Equipment Market Growth Accelerated by Popularity of Home Fitness.

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  Fitness Equipment such as treadmills, exercise bikes and free weights help maintain cardiovascular health and muscle strength. With product connectivity features and custom workout programs, they provide a convenient way to maintain fitness in the comfort of one's home. The global Fitness Equipment Market is estimated to be valued at US$ 20.84 billion in 2023 and is expected to exhibit a CAGR of 1.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The popularity of home fitness has accelerated growth in the Fitness Equipment Market. With disruptions in gym openings and limitations on public workouts during the pandemic, home workouts became a necessity. This prompted many consumers to purchase basic fitness essentials and invest in smart home gym equipment. Online workout classes and social media further supported home exercise routines. As a result, treadmills, stationary bikes and other cardiovascul...

3D Printing Filament Market Growth Accelerated by Increasing Adoption of 3D Printing in Various Industries

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  3D Printing extrusion materials are filaments or powders that are used in 3D printers for construction and manufacturing of objects through additive manufacturing. They provide advantages such as versatility in production, complex designs, reduced wastage, and quick production compared to conventional manufacturing. The global 3D Printing Extrusion Materials Market is estimated to be valued at US$ 5.2 billion in 2023 and is expected to exhibit a CAGR of 19.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing adoption of 3D printing across various industries such as automotive, aerospace, consumer goods, healthcare, education and others has been a major factor driving the growth of 3D printing extrusion materials market. 3D printing enables low volume production and prototype development at reduced costs. It provides complex designs and customized solutions to industries. With continuous te...

The global mayonnaise market Growth Accelerated by Increased Demand for Clean Label and Organic Mayonnaise

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  Mayonnaise is an oil and vinegar-based food product widely used as a dressing or condiment for sandwiches and salads. Mayonnaise provides creaminess and flavor to foods. It contains egg yolks, oil, lemon juice or vinegar which makes it an excellent substitute for high-calorie butter and sauces. The global mayonnaise market is estimated to be valued at US$ 11.83 Bn in 2023 and is expected to exhibit a CAGR of 4.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increased demand for clean label and organic mayonnaise is one of the key trends accelerating the growth of the global mayonnaise market. Clean label refers to food products containing simple, easy to recognize ingredients without artificial preservatives or additives. Consumers today are more inclined towards organic, natural, and clean label products. This growing preference has prompted mayonnaise manufacturers to offer clean label and or...

The global dietary supplements market is estimated to Propelled by Growing Focus on Preventive Healthcare

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  Dietary supplements are nutritional products taken orally that contain vitamins, minerals, herbs, amino acids, or other botanicals intended to supplement one's diet. Growing awareness about maintaining good health and preventing lifestyle-induced diseases has boosted the demand for dietary supplements. Increasing discretionary spending on health and wellness products has also contributed to the market growth. The global Dietary Supplements Market is estimated to be valued at US$ 203.43 billion in 2024 and is expected to exhibit a CAGR of 8.2% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: Rising health consciousness has been one of the major trends fueling the growth of the dietary supplements market. There is a growing inclination among consumers towards preventive healthcare and maintaining well-being. This has increased the adoption of dietary supplements for acquiring supplementary nutrients and mee...

The global plastisols market Growth Accelerated by Increased Use in Automotive Parts Coating

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  Plastisols are dispersions of PVC resin particles in liquid plasticizers. They offer various advantages such as flexibility, weather resistance, and corrosion resistance. Plastisols are widely used for automotive parts coating, furniture fabric coatings, apparel coating, and medical device coatings. The global plastisols market is estimated to be valued at US$ 18.74 Bn 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 key trends: One of the key trend driving the growth of the  plastisols market  is its increased use in automotive parts coating. Plastisols are increasingly used by automotive OEMs and component manufacturers for under the hood components coating, interior and exterior plastic parts coating, and other protective and decorative coatings. They provide benefits like resistance to heat, corrosion and abrasion. With recovering automotive productio...