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Showing posts from March, 2024

Egg Processing Market is Primed for Growth Due to Rising Consumer Health and Wellness Trends

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  The egg processing market involves multiple processes that eggs undergo from farm to packaging for consumers. Key processes include grading, cracking, mixing, freezing and drying. There is high demand for processed eggs due to their convenience of use in various food preparations and longer shelf life. The market has benefitted from the rising popularity of packaged breakfast meals and on-the-go snacks high in protein content. The global egg processing market is estimated to be valued at US$ 51.9 billion in 2024 and is expected to exhibit a CAGR of 5.8% over the forecast period of 2023 to 2030. Key Takeaways Key players operating in the egg processing market include Avril, Cal-Maine Foods, Inc., Eurovo S.R.L., Lactosan-Sanovo Holding A/S, Moba B.V., and ACTINI GROUP. These players are focusing on capacity expansions and new product launches to cater to the growing demand. The market provides opportunities for value-added processed products like egg powder, frozen whole eggs and s...

Sanding Block Market Dynamics: Factors Influencing Demand and Supply

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  The Versatile Sanding Block: An Essential Tool for Woodworkers Types of Sanding Blocks There are a few different types of sanding blocks that are commonly used by woodworkers. The most basic is the rectangular block, which is simply a piece of wood with surfaces on all sides for adhering sandpaper. Rectangular blocks are inexpensive and get the job done for basic sanding needs. However, they lack ergonomics and precision. Contoured sanding blocks have a curved shape that is designed to fit comfortably in the hand. They allow for more control during sanding. Sponge sanding blocks have an open-cell foam backing that helps sandpaper adhere smoothly without wrinkles. Foam backing is softer on materials being sanded. Specialty sanding blocks have unique shapes tailored for hard-to-reach areas or intricate details. Choosing the Right Grit of Sandpaper The grit of sandpaper used on a block determines the level of abrasiveness and fineness of the sanding marks. Coarser grits like 60-grit...

Rising District Heating Demand in Developing Nations to Boost Market Growth

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  District Heating is an energy efficient system that distributes heat generated in a centralized location through a system of insulated pipes for residential and commercial heating requirements such as space heating and water heating. It is widely adopted in dense urban areas and community spaces for buildings. The global district heating market is estimated to be valued at US$ 50.8 Billion in 2024 and is expected to exhibit a CAGR of 1.5% over the forecast period of 2023 to 2030. District heating plays a pivotal role in meeting the evolving energy needs of a growing population across the globe. It offers numerous benefits over individual heating systems such as reduced greenhouse gas emissions, higher energy efficiency and reliability of heating supply. Factors such as rising urbanization in developing countries, growing focus on renewable energy sources and implementation of stringent emission norms are driving the uptake of district heating systems. With increasing government s...

Asia (Japan, South Korea, China, India, ASEAN) Waste and Biomass Valorization Market is Anticipated to Witness High Growth Owing to Rising Environmental Awareness

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  The Asia (Japan, South Korea, China, India, ASEAN) waste and biomass valorization market involves the conversion of waste and biomass into useful value-added products through various organic recycling processes. The increasing volumes of municipal solid waste and agricultural waste generated across Asia have boosted the need for sustainable waste management. Waste and biomass valorization helps reduce dependence on landfills and convert non-recyclable waste into renewable energy sources or chemical products. Thermal and biological conversion technologies such as anaerobic digestion, gasification, and pyrolysis are commonly applied to treat organic waste factions and produce biofuels, fertilizers, and various green chemicals. The Global Asia (Japan, South Korea, China, India, ASEAN) Waste and Biomass Valorization Market is estimated to be valued at US$ 36.84 Bn in 2024 and is expected to exhibit a CAGR of 7.8% over the forecast period 2023 to 2030. Key Takeaways Key players operat...

Distributed Generation Market Poised to Grow Substantially due to Increasing Adoption of Renewable Energy Resources

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  Distributed generation refers to the production of electricity from multiple small-scale energy sources that are located close to the point of use. They include small-scale solar photovoltaic (PV) systems, wind turbines, reciprocating engines or fuel cells. Distributed generation provides several advantages over centralized power generation such as less transmission and distribution losses, improved power quality and reliability. It also helps in reducing carbon emissions. The increasing demand for reliable and uninterrupted power coupled with supportive government policies around the globe promoting the use of renewable energy have spurred the adoption of distributed generation systems in recent years. The Global distributed generation market is estimated to be valued at US$ 364.46 Billion in 2024 and is expected to exhibit a CAGR of 14.% over the forecast period 2024 to 2031. Key Takeaways Key players operating in the distributed generation are Siemens AG, General Electric (U.S...

Australia Ammonia Market is Anticipated to Witness High Growth Owing to Increasing Usage in the Agricultural Industry

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  The Australia ammonia market includes several benefits such as being widely used as a fertilizer to provide nitrogen to plants and increase crop yields. Ammonia is commonly used in the agricultural sector for fertilizers production which enables supply for large volumes of food. It is an essential raw material for commercial fertilizers that are extensively utilized in Australia's agriculture industry. Ammonia's unique Nitrogen content provides crops with the nutrients essential for growth. The farming sector is a key industry in Australia, accounting for around 2-3% of the country's GDP. Therefore, rising demand for fertilizers from the agriculture industry is anticipated to propel the Australia ammonia market. The Global Australia ammonia market is estimated to be valued at US$ 934.85 Million in 2024 and is expected to exhibit a CAGR of 6.4% over the forecast period 2023 to 2030. Key Takeaways Key players operating in the Australia ammonia are Incitec Pivot Limited, Yar...

Antistatic Coatings Market is Anticipated to Witness High Growth Owing to Rising Demand from Electronics Industry

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  Antistatic coatings are formulated coatings used for preventing accumulation of static charge on surfaces. They find extensive application in the electronics industry for preventing damage to electronic components from electrostatic discharge. With the rapid growth of consumer electronics and proliferation of smart devices, the demand for antistatic coatings is growing steadily. Antistatic coatings offer protection to sensitive electronic parts from static electricity and provide adhesion, flexibility and corrosion resistance properties. They are used for coating production equipment, components and devices in electronics manufacturing. The Global antistatic coatings market is estimated to be valued at US$ 2.44 Bn in 2024 and is expected to exhibit a CAGR of 5.3% over the forecast period 2023 to 2030. Key Takeaways Key players operating in the antistatic coatings are 3M Company, PPG Industries, Inc., E. I. du Pont de Nemours and Company, Kansai Paint, and RPM International Inc. 3...

Anti-Static Packaging Materials Market is anticipated to witness steady growth owing to rising demand from electronics industry

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  The anti-static packaging materials market has seen significant growth in the recent years. Anti-static packaging materials are used to protect electronic components from electrostatic discharge. They prevent damage to electronics and semiconductor devices during manufacturing, shipping and storage. Some key properties of anti-static packaging materials include anti-static, shielding, cushioning and corrosion resistance. With growing electronics and semiconductor industries worldwide, the need for efficient anti-static packaging solutions for transporting delicate components has increased. The global anti-static packaging materials market size is estimated to be valued at US$ 606.6 Mn in 2024 and is expected to exhibit a CAGR of 5.6% over the forecast period of 2023 to 2030. Key Takeaways Key players operating in the anti-static packaging materials market are Daklapack Group, Sharp Packaging Systems, Polyplus Packaging Ltd., Protective Packaging Corporation Inc., Sekisui Chemical...

Athletic Footwear Market is Anticipated to Witness High Growth Owing to Rising Consumer Spending on Sports and Fitness Activities

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  The athletic footwear market comprises various types of footwear such as running shoes, basketball shoes, soccer shoes, tennis shoes, and other sports shoes. Athletic footwear is designed for different sports and fitness activities to provide comfort, shock absorption, and stability. Advancements in sole technology, cushioning material and use of lightweight materials have revolutionized athletic footwear design. Athletic shoes are now an integral part of sports gear and the daily routine of fitness enthusiasts. The Global athletic footwear market is estimated to be valued at US$ 85,047 Mn in 2024 and is expected to exhibit a CAGR of 1.8% over the forecast period 2023 to 2030. Rising consumer preference for comfortable and stylish footwear along with high involvement of consumers in sports and fitness activities is a major factor driving the demand for athletic footwear. Rapid urbanization and rising disposable incomes in developing countries is also fueling consumer spending on ...

Alcoholic Beverages Market to Witness Growth on the Back of Increasing Consumption of Premium Alcoholic Beverages

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  The global alcoholic beverages market is estimated to be valued at US$ 1,769.41 billion in 2023 and is expected to exhibit a CAGR of 2.5% over the forecast period 2023-2030. Alcoholic beverages contain ethyl alcohol and are consumed for pleasure or socializing. Common types of alcoholic beverages include beer, wine, and spirits. Beer is one of the most popular and widely consumed alcoholic beverages globally. The alcohol by volume content in beer ranges between 3%-9%. Wine is produced by fermenting grapes or other fruits and is classified as still, sparkling, fortified or dessert wines based on alcohol content and production method. Spirits contain a high concentration of ethyl alcohol and are produced by distilling fermented substances like grains, fruits or vegetables. Key Takeaways Key players operating in the alcoholic beverages market are Anheuser-Busch Inbev (BUD) (Belgium), Asahi Group (Japan), Bacardi (Bermuda), Brown Forman (U.S.), Carlsberg (Denmark), Constellation Bran...

The Global Disinfectants Market is Expected to Witness High Growth owing to Rising Health Concerns Post-Covid Era

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  The global disinfectants market comprises chemical products such as disinfectant sprays, wipes and liquids which are used to eliminate or inactivate microorganisms. Disinfectants find wide application in hospitals, laboratories, food and beverage plants, homes and commercial buildings to prevent infectious disease transmission. The rising health awareness among consumers post-Covid has boosted demand for disinfecting solutions for surfaces, hands and equipment. The increasing prevalence of Hospital Acquired Infections (HAIs) and growing importance of cleanliness across industries are some of the major factors driving the growth of the global disinfectants market. The need for disinfection of surfaces is growing in healthcare facilities as well as households and public spaces. The Global disinfectants Market is estimated to be valued at US$ 49.0 Bn in 2024 and is expected to exhibit a CAGR of 6.0% over the forecast period 2023 to 2030. Key Takeaways Key players operating in the di...

Algaculture Market Poised to Witness High Growth Owing to Increasing Demand for Nutraceuticals

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  Algaculture involves cultivation of algae in a controlled environment for commercial purposes such as extraction of biofuels, nutraceuticals, and high-value compounds. Algae are a rich source of proteins, vitamins, minerals, antioxidants, and polyunsaturated fatty acids. The increasing demand for nutraceuticals, proteins, and omega-3 fatty acids from algae is driving the global algaculture market. The global algaculture market is estimated to be valued at US$ 15.2 billion in 2031 and is expected to exhibit a CAGR of 14.5% over the forecast period 2024-2031. The algaculture involves cultivation and harvesting of microalgae and macroalgae using open pond systems, enclosed photo bio reactors or fermentors. Microalgae and macroalgae are rich in nutrients compared to terrestrial crops and have applications in food and feed industries. Microalgae cultivation provides various advantages such as higher productivity compared to terrestrial crops, minimal land requirement and independence ...

Aluminum Deoxidizer Market is Anticipated to Witness High Growth Owing to Increasing Adoption in Aluminum Smelting and Foundry Industry

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  The aluminum deoxidizer market has been gaining significant traction over the recent years. Aluminum deoxidizers are essential material used in aluminum smelting and foundry industry for removing dissolved oxygen from molten aluminum as it is highly reactive to oxygen at high temperatures. Deoxidizers are generally added to protect molten aluminum from reoxidation and promote clean metal surface. Some key advantages of using aluminum deoxidizers include improved quality of final products, reduced dross formation, and prevention of oxide inclusions. Rising demand for aluminum from various end-use industries such as automotive, construction, consumer goods has been a key factor driving the need for aluminum deoxidizers. The Global aluminum deoxidizer market is estimated to be valued at US$ 3.13 Bn in 2024 and is expected to exhibit a CAGR of 5.7% over the forecast period 2023 to 2030. Key Takeaways Key players operating in the aluminum deoxidizer market are Almatis GmbH, AluChem, I...

The Global Ammonia Market Growth is Propelled by Growing Fertilizer Demand

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  The global ammonia market is estimated to be valued at US$ 91.42 billion in 2024 and is expected to exhibit a CAGR of 6.5% over the forecast period of 2024-2031. Ammonia has wide applications in fertilizer production, wastewater treatment plants, and refrigeration systems owing to its physical and chemical properties. It is majorly produced through the Haber-Bosch process and serves as a key building block for the production of a variety of nitrogen-containing compounds. Rising global fertilizer consumption to meet the increasing food demand is one of the primary factors driving the demand for ammonia. Key Takeaways Key players operating in the ammonia market are Yara International ASA, BASF SE, CF Industries Holdings, Inc., Nutrien Ltd., Potash Corporation of Saskatchewan Inc., Dangyang Huaqiang Chemical Co., Ltd., Shanxi Jinfeng Coal Chemical Co Ltd., GTS Chemical Holdings plc.,Togliattiazot, OCI Nitrogen B.V., Agrium Inc., Sabic, and Koch Fertilizer, LLC among others. Major pl...

The Anti Aging Products Market is Expected to Witness High Growth Owing to Rising Consciousness Among Consumers Regarding Benefits of Anti Aging Products

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  The anti-aging products market comprises of a variety of skincare, haircare and makeup products that help reduce or conceal the effects of aging. These products address issues related to wrinkles, fine lines, dark spots, sun damage, dryness and loss of firmness, elasticity, discoloration and volume. The demand for anti-aging products is driven by increasing aging population across the globe and growing desire among consumers to look and feel younger and beautiful. Anti-aging products prevent further skin damage, hydrate and nourish the skin, reduce signs of aging to give a younger look. The Global anti-aging products market is estimated to be valued at US$ 21.36 Bn in 2024 and is expected to exhibit a CAGR of 8.7% over the forecast period of 2023 to 2030. Key Takeaways Key players operating in the anti-aging products market are Unilever, Revlon, Beiersdorf, Photomedex Inc., Estee Lauder, Johnson and Johnson, Orlaneand L’Oreal, Avon Products, Coty, Lotus Herbals, Rachel K Cosmetic...

Anti-acne Cosmetics Market is Anticipated to Witness High Growth Owing to Rising Prevalence of Acne Related Skin Issues Among Millennials

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  Market Overview Anti-acne cosmetics are skin care products specially formulated to treat acne blemishes, prevent new acne breakouts and reduce existing acne scars. The products include cleansers, toners, serums, moisturizers and masks containing active ingredients like salicylic acid, glycolic acid and benzoyl peroxide which help unclog pores, reduce excess sebum and kill bacteria. Growing concerns around skin health and increasing self-consciousness about appearance among millennials and Gen Z customers have boosted the demand for acne-fighting cosmetics. The Global Anti-acne Cosmetics Market is estimated to be valued at US$ 2591.87 Mn in 2024 and is expected to exhibit a CAGR of 4.8% over the forecast period 2023 to 2030. Key Takeaways Key players operating in the Anti-acne Cosmetics are Clinique Laboratories, LLC., Neutrogena, Ancalima Lifesciences Ltd., Guthy-Renker, Murad Inc, L'Oréal S.A., The Mentholatum Company Inc., Kosé Corporation, and Galderma Laboratories LP. The inc...

Anti Corrosion Coatings Market is Estimated to Witness High Growth Owing to Increasing Industrial and Infrastructure Development

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  Anti-corrosion coatings are protective coatings applied to prevent corrosion and degradation of metals and alloys. They create a protective barrier between the substrate material and the environment. Increasing investment in infrastructure such as bridges, roads, buildings and rapid urbanization drive the demand for anti-corrosion coatings. The Global anti-corrosion coatings market is estimated to be valued at US$ 46.90 Bn in 2024 and is expected to exhibit a CAGR of 3.8% over the forecast period 2023 to 2030. Key Takeaways Key players operating in the anti corrosion coatings are BASF, Ashland Inc., Nippon Paint Co. Ltd., AkzoNobel N.V., Jotun A/S, Axalta Coating System Ltd., The Sherwin-Williams Company, Kansai Paints Co. Ltd., PPG Industries Inc. and Hempel A/S. These players are focusing on new product launches and expansions to gain a competitive edge in the market. The key opportunities in the anti corrosion coatings market include rising demand from oil and gas industries a...