Wood Pellets Market Size, Share, Demand, Growth & Trends by 2032

Wood Pellets Market Size, Share, Demand, Growth & Trends by 2032

A recently published study by FMI expects the global demand for wood pellets market to increase at a CAGR of 11% during the forecast period between 2022 and 2032, reaching a total of US$ 26.15 Billion in 2032, according to a report from Future Market Insights (FMI). From 2017 to 2021, sales witnessed significant growth, registering a CAGR of 8%.

Wood pellets form a clean, environmentally beneficial, sustainable, and renewable biomass. The increasing global demand for renewable energy is driving the demand for wood pellets to reduce the usage of fossil fuels that contribute to global warming. This is expected to contribute to the growth of the industry over the forecast period.

Consumers in developed regions such as Europe have greater environmental sentience, which continues to account for their increasing reliance on renewable sources. Bio-based energy sources are gathering impetus in developing countries for electricity generation. The reason is attributed to rising energy consumption and favorable government policies.

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A significant reduction in the emission of greenhouse gasses is increasing the consumption of wood pellets in the industrial sector. Continued innovations in combustion technology are to be accredited for the impressive growth of the wood pellets market.

Key Takeaways from the Market Study

North America accounts for the revenue of US$ 200 Million in 2022
Europe is projected to account for approximately 78% of the global market share
Asia Pacific is projected to account for 11% of the market share
Forest and wood waste derived wood pellets to experience highest uptake, flourishing at a 10.4% CAGR until 2032
By end use industry, residential applications to account for a revenue of US$ 3.5 Billion in 2022
“The manufacturers are increasing the availability of self-cleaning systems in wood pellet boilers that require minimal user input. Even though these boilers are gaining popularity, they require frequent maintenance in order to have the highest working proficiency.” says an analyst at FMI.

Market Competition

Key players in the wood pellets market are Enviva Partners LP, Pinnacle Renewable Energy Inc., Wood Pellet Energy (UK) LTD, Andritz AG, Energex, and Georgia Biomass, LLC.

The United Kingdom’s energy company Drax Group PLC announced the acquisition of Canada-based wood pellet producer Pinnacle Renewable Energy Inc. in February 2021. With the addition of Pinnacle’s 11 sites, Drax will own 17 pellet plants and development projects.
In April 2021, Enviva, a global renewable energy company specializing in sustainable wood bioenergy, and Mitsui OSK Lines (MOL), a leading international marine transport group, signed an MoU agreement to develop and deploy an environmentally friendly bulk carrier.
More Insights Available

FMI, in its new offering, presents an unbiased analysis of the global wood pellets market, presenting historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of feedstock (Forest and Wood Waste Resources, Agricultural Residue and Waste, Food Waste, Virgin Lumber, Energy Crops), end-use industry (Residential/Commercial Heating, CHP/District Heating, Co-firing) & region.

Table of Content

1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

1.3. List of Data Sources

2. Executive Summary

2.1. Market snapshot

3. Wood Pellets Market Dynamics

3.1. Market Segmentation

3.2. Wood pellets – Value chain analysis

3.3. Raw material trend

to be continued…!

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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For Sales Enquiries: sales@futuremarketinsights.com
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Precipitated Silica Market Size, Size, Demand, Growth & Trends by 2029

Market players are focusing on capacity expansion and product innovation to exploit the versatility of precipitated silica (SiO2). Developing regions of the world are expected to lead demand generation by the end of forecast period. Global precipitated silica market revenues will reach US$ 5.9 Bn by 2029 supported by a staggering growth rate of over 9% between 2019 and 2029.

Precipitated silica is witnessing increased traction from various end-use industries such as automobiles, cosmetics, construction, electronics, and agriculture. Investment in infrastructure, coupled with increasing disposable income will further the demand of precipitated silica used in manufacturing paints, coatings, cosmetics, and oral care products.

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Key Takeaways of Precipitated Silica Market Study

- Cosmetics lead end-use industries in terms of demand generation with a market share of more than 21%.

- Electronic end-uses present the most lucrative growth opportunities with a growth-wise market share of more than 19% during the forecast period.

- Rubber will lead segmentation based on application type, on the back of surging demand for green tires from the automotive industry.

- Precipitated silica products have found immense utilization in personal care, particularly in oral care products that treat tooth sensitivity. This segment is expected to provide remunerative opportunities.

- North America is leading with a market share of more than 29% followed by Latin America which garners a market share of 23%.

- Japan proves to be the future frontier for precipitated silica manufacturers with an astounding growth rate of more than 13% throughout the forecast period.

“Precipitated silica will witness exponential growth on back of surging infrastructure and automotive demand in developing economies. Manufacturers stand to gain from research and development into innovative applications of the product. Major players are making an effort to establish market dominance by investing in capacity expansion.”-FMI Analyst

Rubber Industry to Increase Market Demand

Propelling mass-adoption of precipitated silica, the rubber industry will influence growth trends during the forecast period. This is attributed to beneficial applications of precipitated silica in increasing road grip and reducing rolling friction. Promoting fuel efficiency, precipitated silica induced tires are referred to as green tires. Green tires have garnered increasing traction on the back of eco-friendly production trends in automotive industry. Consumer trends such as increase in disposable income and awareness of skin friendly cosmetics will generate demand from cosmetics end-use industry. Oral care is another lucrative opportunity that market players are capitalizing with the help of research and development in medical aplications.

Who is Winning?

The global precipitated silica market is fragmented. Major players in the market are investing in capacity expansion and innovative production processes. Important market players that shape the precipitated silica market are Evonik Industries AG, PPG Industries Inc., W.R. Grace & Co., Tosoh Silica Corporation, Solvay SA, Huber Engineered Materials, and Oriental Silica Corporation.

Market Segmentation

The global Precipitated Silica market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

By End – Use Industry

Automobiles
Cosmetics
Electronics
Agriculture
Others
By Application

Rubber
Personal Care
Fishing Boats
Food
Coating & Inks
Adhesives & Sealants
Others
Region

North America
Latin America
Europe
APEJ
Japan
Oceania
Middle East & Africa
Table of Content

1. Global Precipitated Silica Market – Executive Summary

1.1. Global Market Outlook

1.2. Industry Roadmap

1.3. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Demand Analysis by End- Use Industry

3.2.1. Automobiles

3.2.2. Cosmetics

3.2.3. Electronics

3.2.4. Agriculture

3.2.5. Others

3.3. Product Innovation / Development Trends

3.3.1. Creating New Delivery Mechanisms

3.3.2. Indication Specific Products

3.3.3. Shift Toward Natural Ingredients

3.3.4. Preferential Inclination towards Non-Modified Convenience Ingredients

4. Key Success Factors

to be continued…!

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Isoprene Rubber Latex Market Size, Size, Demand, Growth & Trends by 2031

The worldwide isoprene rubber latex market is anticipated to extend at eight.1% CAGR over the forecast length between 2021 and 2031, reveals future marketplace Insights (FMI) in a recent analysis. FMI also forecasts the global isoprene rubber latex marketplace to sign up yr-on-yr boom of 10.1% in 2021. Surging utility of isoprene rubber latex in production of scientific gloves and condoms will assist the marketplace gain traction over the route of the forecast duration. Growing demand of scientific gloves and condoms will continue riding the isoprene rubber latex income. Growing utilization in clinical and customer goods enterprise will create conducive environment for the growth of the marketplace within the coming years.

Rising call for of clinical gloves inside the healthcare industries due to growing consciousness approximately health and safety measures to be employed to save you the unfold of diseases after COVID – 19 pandemic is propelling increase of the isoprene rubber latex market.

The increasing use of isoprene rubber latex inside the manufacture of personal protective device and business gadgets which include seals, gaskets, and conveyor belts is expected to be a main increase driver. The growing call for for custom designed business gloves is expected to strengthen the sales in the marketplace. Further to this, software in condom manufacturing will give a boost to sales prospects.

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Key Takeaways:

Medical glove manufacturers are the predominant consumers of isoprene rubber latex. Medical gloves segment exhibited high demand following the COVID-19 outbreak.
Application in condom manufacturing will increasing, driving sales in the market.
Demand in the U.S. will grow year on year by 8.8% in 2021.
Demand in China will grow by 8.8% between 2021 and 2031.
Sales in Germany will account for 14.3% of overall consumption in Europe in 2021.
“Rising demand of medical gloves from healthcare industry and the increasing usage of adhesives in food, medical and industrial packaging will drive the market of isoprene rubber latex through the projected period from 2021 to 2031,” says a FMI analyst.

Competitive Landscape

Key market participants in the global isoprene rubber latex market elaborated in the report includes Top Glove Corporation Bhd, Zeon Corporation, PAO Sibur Holdings, Kraton Corporation, Ansell Limited, Supermax Corp. Bhd, Royal Dutch Shell Plc, Kossan Rubber Industries Bhd, JSR Corporation, Hartalega Holdings Berhad, Rubberex Corporation, Johnson Wilshire, Medline Industries, Inc., Dipped Products Plc, Protective Industrial Products, Inc., and many others.

Key players operating in the global isoprene rubber latex market are focusing on increasing their production capacities to strengthen their footprint especially in the emerging economies. Furthermore, key market participants are focusing on mergers, acquisitions and collaborations strategies to expand their global presence and strengthen their distribution network. For instance:

In April 2018, Top Glove Corp Bhd acquired Aspion Sdn Bhd transforming the company into one of the world’s largest surgical glove maker and strengthening its position as the world’s largest glove manufacturer.
Isoprene Rubber Latex Market by Category

By Application:

Medical Gloves
Condoms
Medical Balloons
Catheters
Adhesives
By End Use:

Medical
Consumer Goods
Industrial
Table Of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Taxonomy

2.2. Market Definition

2.3. Patent Analysis

2.4. Key Regulations overview

3. Key Market Trends

3.1. Key Trends Impacting the Market

4. Key Success Factors

4.1. Product Adoption Analysis

4.2. Strategic Promotional Strategies

4.3. Technological Innovation

5. Global Isoprene Rubber Latex Market Demand Analysis 2016-2020 and Forecast, 2021-2031

6. Pricing Analysis

7. Global Isoprene Rubber Latex Market Demand (in Value or Size in US$ Mn) Analysis 2016-2020 and Forecast, 2021-2031

To be continued…!

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OEM Insulation Market Size, Size, Demand, Growth & Trends by 2033

The OEM insulation market is expected to thrive at an average CAGR of 4.2% during the forecast period. The market is anticipated to cross a market share of US$ 24.5 Bn by 2033, while it holds a revenue of US$ 16.2 Bn in 2023.

– The trust factor between the end user and manufacturer works in favor of the OEM insulation market, as the original automotive equipment and services are preferred over the aftermarket.

– Rising industrialization, along with new advanced businesses such as automotive modification and accessories, are fueling the adoption of industrial insulation.

– Rapid urbanization and advanced residential settings have created and boomed tye house insulation and other markets as end users move the more sophisticated setting. Furthermore, the proliferating music industry and home studio setups are propelling the demand for acoustic insulation.

– Heating, ventilation, and air conditioning (HVAC) insulation systems have transformed the OEM insulation industry as it reduces the energy loss for central heating system, piping, and ventilation.

– The use of OEM insulation for fire safety through acoustic and thermal comfort insulation is setting up new trends for the market, fueling the sales of OEM insulation systems.

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Key Points

The biggest market for OEM insulation is the US, which thrives on a CAGR of 3.6% and is expected to hold a value of US$ 5.3 Bn by 2033.
The Indian market is the fastest-growing OEM insulation market which flourishes at a CAGR of 6.1% between 2023 and 2033. The market is set to reach a revenue value of US$ 1.3 bn by 2033.
OEM insulation market outlook states that foamed plastics segment leads the material type category with a CAGR of 4.1% between 2023 and 2033. The increase is a result of widespread use and simple integration. Based on insulation type, the blanket segment thrives at a CAGR of 4.2% between 2023 and 2033, attributing to the higher installation of OEM insulation in the automotive industry.
Competitive Landscape

Major key players are investing in new insulation technologies such as acoustic and thermal layers. Furthermore, the companies experiment with the changing design and advanced urban settings. The advanced setting involves eco-friendly and sustainable features, manufacturing according to the major trends. Key players in the OEM insulation market are: BASF, Evonik, Paroc Group Oy, SAINT-GOBAIN, Armacell International S.A, Johns Manville Corporation, Henry Company, Styrotech, Inc., NCFI Polyurethanes, Morgan Advanced Materials, Scott Industries LLC, and Anco Products Inc.

For instance:

Owens Corning introduced a new technology that would aid in the creation of modern buildings that are more reliable, sustainable, and energy efficient. The model will be working on effective HVAC insulation.
Evonik has its extended company named Dabco that provides a long range of portfolio of different amine catalysts for insulation. Furthermore, polecat, ortegol, kosmos etc.
Key Segments

OEM Insulation Market by Material:

Glass Wool
Mineral Wool
Foamed Plastics
Others
OEM Insulation Market by Insulation Type:

Blankets
Rolls & Batts
Loose Fill & Others
OEM Insulation Market by End Use:

Aerospace
Automotive
Marine
HVAC Equipment
Building & Construction
Consumer Appliances
Other Industrial
By Region:

North America
Latin America
Europe
Asia Pacific (APAC)
Middle East & Africa (MEA)
Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

4. Global Market Analysis 2017-2022 and Forecast, 2023-2033

5. Global Market Analysis 2017-2022 and Forecast 2023-2033, By Material

6. Global Market Analysis 2017-2022 and Forecast 2023-2033, By Insulation Type

7. Global Market Analysis 2017-2022 and Forecast 2023-2033, By End Use

8. Global Market Analysis 2017-2022 and Forecast 2023-2033, By Region

to be continued…!

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Functional Coil Coatings Market Size, Share, Demand, Growth & Trends by 2031

Rapid urbanization, rising infrastructure development, and growth in disposable incomes is elevating the construction industry. This growth is expected to bolster the demand for functional coil coatings over the forecast period. The global functional coil coatings market is experiencing healthy growth surpassing a valuation of US$ 465 Mn during the forecast period according to a recent report published by Future Market Insights. Rising demand from end use industries, mainly construction and automotive sectors is elevating market value during the assessment period.

The growing trend of sustainability is increasing the demand for clean and green buildings worldwide. This creates notable demand for solar reflective, heat management, antimicrobial and other functional coil coatings which is benefiting the market.

With the onset of the COVID-19 pandemic, awareness towards the need of preventing communicable diseases has increased tremendously. Consequently, demand for antimicrobial coatings is expected to witness remarkable growth during the forecast period.

Stringent regulations imposed in terms of composition and production of functional coil coatings by regulatory bodies is expected to be a major restraining factor. Navigating the challenges posed by these factors will prove crucial for continued growth of the global functional coil coatings market.

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Key Takeaways from Global Functional Coil Coatings Market Study

Steel coatings will account for over 75% of the global value share in 2021, owing to wider scope of applications through the construction sector.
Solar reflective coatings are gaining ground with a CAGR of 5.2% through 2031, supported by applications in the transportation and infrastructure sectors.
China holds the lead in East Asia with an estimated 66.5% value share by 2031, driven by a large-scale, matured chemical industry.
Russia is emerging as a major market for functional coil coatings in Europe at a valuation of over US$ 13 Mn in 2021, owing to investments in the construction sector.
The U.S. accounts for approximately 89.8% of the value share in North America through 2031, owing to the presence of major construction and automotive players
“Rising investments in construction activities coupled with consistent growth in sales of automobiles are key factors that are expected to elevate the demand for functional coil coatings during the forecast period though 2031,” said an analyst at FMI.

Global Functional Coil Coatings Market: Participant Insights

Key coil coating manufacturers are indulging in research and development activities for product innovation and development to accommodate the changing requirements of the large-scale consumer base.

According to the market research analysis, Akzo Novel NV, JK Coil Coating Pvt. Ltd., Jotun Group, Dura Coat Products Inc., Noroo Coil Coatings, Titan Coatings Inc., Eastman Chemical Company, Modine Manufacturing Inc., Chemetall Group., ALCEA, Recubrimientos Plasticos SA, Italcoat Srl, Lord Corporation, Sherwin-Williams, PPG Industries, Axalta Coating systems, The Chemours Company, Nano-X GmbH, Ozkem Pty Ltd., Blygold International BV, HB Fuller, and many others are identified as key players in the global functional coil coatings market.

Global Functional Coil Coatings Market by Category

By Application:

Steel Coatings
Aluminum coatings
By Product Type:

Topcoat
Primer
Backing Coat
Others
By Function Type:

Anti-Graffiti Coating
Antimicrobial coating
Solar Reflective Coating
Self-Cleaning Coating
Self-Healing Coating
Anti Dust Coating
Nox Reducing Coating
Photovoltaic Coating
Polychromic Coating
Laminating Film
Fire Resistant Coating
Heat Saving Coating
Scratch Resistant Coating
By Material Type:

Polyester
Epoxy
PVC/Vinyl
Plastisols
Acrylic
Polyurethane
PVDF
Silicone
By End-Use:

Construction
Transportation
Consumer Durable Goods
Refrigerator
Washing Machine & Dishwasher
Over & Toasters
Others
HVAC
Metal Furniture
Others
Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Technology Roadmap

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Innovation / Development Trends

4. Key Success Factors

To be continued…!

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