TECHNOLOGY FACTS

Potassium Formate Market – Growing Demand for Safety, Agility, and Efficacy to Develop Potassium Formate as Durable Agent

The report delivers valued actionable insights in its competitive landscape section that discusses the overall contribution of key players in the global potassium formate market, their relative global position, and business strategies. The market for potassium formate is estimated to grow over the forecast period as the contenders in the potassium formate market are increasing in number, and the intensity of market competition is likely to rise over the next decade. Prominent manufacturers are prioritizing strategic developments, such as material processing, capacity expansion, product innovation, collaborations, and acquisitions, to better their foothold in the global marketplace.

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The resultant consolidation of the competition structure of the market will create room for innovation, thereby accelerating the manufacturers’ move towards exploring untapped industrial application areas. In particular, demand for brine delivery form for potassium formate is increasing steadily in industries and several de-icing operations. The brine solution delivery form in potassium formate market created lucrative opportunities during the forecast period and held ~71% in 2018, according to Fact.MR’s research.

Looking at continued preference for potassium formate over other salts, for application in drilling and de-icing, key market players are prioritizing potassium formate manufacturing capacity expansion. SynaTek Solutions introduced a range of airport de-icing solutions in 2017, with BASF’s potassium formate. Recently, Evonik entered a collaboration for potassium formate manufacturing. Apart from de-icing and drilling, several potassium formate manufacturers are eying opportunities arising in the heat transfer fluids sector. Strategic distribution partnerships and joint ventures will also be among the preferred developmental strategies among leading market players.

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End-users of the drilling industry are under constant pressure to reduce operational costs, maintain quality and increase productivity. This pressure reaches up to the value chain wherein manufacturers of drilling fluids are constantly engaged in R&D to accommodate consumer demand. Among the divergent needs, safety, agility, and efficacy of the drilling fluids are the prominent requirements generated from the end-users’ end. Among the changes that are actively integrated into the drilling process, development of smooth fluids and incorporation of high chemical strength are trending.

Demand for the former feature entails from the end-user sentiment for hazardous outcomes due to snowfall and that of latter from the ongoing applications for deicing on airports. Application-specific developments are also being incorporated. For instance, the development of potassium formate brine solutions for removing snow from aircraft surface, wherein delicate yet flexible handling of a wide range of temperature as compared to its alternatives present in the market.

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About Us

Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

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Expanded Polystyrene Market Demand, Eerging Trends, Regional Overview and Forecast to 2027

The increasing inclination towards eco-friendly construction polymers have increased the demand of Expanded Polystyrene in the construction sector. Various studies suggest that greenhouse gas emissions from buildings might reach an alarming state in the near future, if proper measures are not taken. A report from the U.S. Green Building Council revealed that commercial and residential building sector accounts for more than one-third of the total carbon dioxide (CO2) emissions in the United States per year. Countries such as China and India are realizing the environmental implications of robust industrial development and urbanization. The above mentioned factors and government measures towards ecofriendly construction materials are anticipated to fuel the growth of global expanded polystyrene market.

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Growth of the construction sector is creating opportunities for new construction materials. The construction sector is becoming one of the largest consumers of polymer composites. The construction and building industry is well aware of the challenges it is likely to face in the next millennium and thereby continuously seeks for new solutions. This is creating opportunities for expanded polystyrene as they can resolve some of the most critical as well as common issues in constructions. Use of expanded polystyrene can facilitate the production of cost-effective and energy-efficient materials. The innovation of existing materials, to the development of new material combinations and additional multifunctional characteristics, have benefited the players in expanded polystyrene market. Concurrently, these polymer-based materials have additional properties, which are often not found in conventional materials. Expanded polystyrene is witnessing a high adoption, as a construction material and is also mixed with ceramics and metals in order to develop essential engineering materials that are used for constructing buildings, bridges and other infrastructure.

Consumers are always on the move; this is majorly impacting the food consumption habit of consumers. Hence, companies are developing portable, easy-to-handle packages maintaining both quality and quantity of food products. This is escalating the growth of global Expanded Polystyrene market. Expanded Polystyrene is used in packaging of fish and shell fish, meat, fruits, ice cream and others. Consumers are seeking a quick and easy solution for food consumption, especially during lunchtime and breakfast. Hence, brands are focusing on offering nutritious meals in convenient food packaging. Offering convenience is becoming a priority for brands and manufacturers. The above factors will positively affect the demand of Expanded Polystyrene market.

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Foams made of plastic or synthetic polymers such as Expanded Polystyrene cannot be recycled. Such foam materials are being actively used in production of high-performance protective packaging solutions. Regulatory bodies are levying penalties on several leading players in the global foam protective packaging market to limit the production of Expanded Polystyrene-based foam, also known as Styrofoam. Consumers are becoming more aware towards the adverse effects of waste Styrofoam on the environment. Avoiding the purchase of products packed in Expanded Polystyrene is a deteriorating trend for the growth of the global foam protective packaging market. Moreover, inability to recycle has left companies at the tenterhooks of spending capital towards procurement of used Expanded Polystyrene. Companies are being forced to reuse their products and reproduce new ones, which is also entailing expensive modifications in the production machineries.

In recent years, polymers have become extremely important as engineering materials. In terms of application, they are now successfully competing with other major classes of materials. Expanded Polymer has found renewed vigor in the construction industry. This is because Expanded Polystyrene come with capabilities such as low thermal conductivity, low weight, mechanical resistance, low water absorption, chemical resistance and others. Moreover, ease of handling and installation is anticipated to fuel the demand of Expanded Polystyrene in forecast period.

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Fluoroelastomers Market Professional report (2019-2029) by Analyzing Regional Market and Top Players

The reduction of greenhouse gases and maintaining the air quality is the top priority of all major developed and developing countries in the world. Various organizations are being set up to ensure proper formulation of regulations and their implementation across the world. The awareness regarding global warming has compelled key nations to join hands together and act upon sustainable measures to protect the environment.

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Fluoroelastomers are highly resistant to wide range of chemicals and additives present in the automotive fuel. Fluoroelastomers facilitate the reduction in the emissions by its efficient use in various automotive parts such as fuel pipe lining, fuel hoses & seals, fuel injector O-rings, etc. The demand for materials that can efficiently work at prolonged high temperature and harsh environments is continuously increasing to reduce emissions and comply with the standards set by the government authorities. Fluoroelastomers are the primarily preferred materials when it comes to high performance under harsh conditions due to their superior resistance. Depending upon the type of fluoroelastomers, the operating temperature ranges between -40 0C to 300 0C.

Emission Standards in developing countries like India are becoming more & more stringent. By April 2020, the government (Indian) has declared to implement the BS6 emission norms that has made it mandatory for the automobile manufacturers to develop BS6 complaint engines and use high performance materials such as fluoroelastomers for fuel contact components and other parts to reduce emissions. Thus, implementation of stringent emission norms will provide impetus to the demand of fluoroelastomers.

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Fluoroelastomers have been extensively used in Automotive & Aerospace industries. Various industries such as chemical, oil & gas also use fluoroelastomers material in high performance, demanding applications such as seals of pumps, agitators, etc. exposed to corrosive environments. Use of fluoroelastomers in high end electronic devices is a recent trend that has positively impacted the growth of fluoroelastomers.

Leading smart watch manufacturers such as Samsung, Apple, Huawei, etc. have started using fluoroelastomers as the band material owing to its high durability and chemical inertness towards a wide range of chemicals. Some leading players such as Shin-Etsu have developed new grades of fluoroelastomers that can be used as adhesive & coating in electronic industries particularly in, electronic circuit & printed circuit boards manufacturing. It has applications in high frequency semiconductor devices and printers as well. The development of IoT based products is further expected to increase the demand for fluoroelastomers from electronics industry. fluoroelastomers can be compounded with various additives such as carbon black to enhance its performance as per specific need. For instance, Sumitomo Electric has developed a flexible heat resistant tube that remains flexible even at temperatures as low as -40 0C and as high as 200 0C. Thus, the increasing applications in electronics has opened new avenues for the fluoroelastomers market.

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Calcium Formate Market Major Regions, Limitations and Key Players Analysis

The calcium formate market remains highly fragmented in nature, with significant barriers to new entrants. While new product developments and launches remain key strategies of leading players, the focus also remains strong on collaborations with mid-sized industries to materialize their long-term manufacturing and distribution goals.

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Leading players have a robust occupancy and distribution in developed as well as developing markets, collectively accounting for approximately 40% calcium formate sales. The strategies employed by leading players continue to contradict the ones put in action by mid-level players.

‘Buy and build’ remains a key strategy for the market leaders, as their efforts are geared towards strengthening their global footprint with the help of sound infrastructures and streamlined distribution. These players cater to niche applications in key industry sectors including electronics, construction, coatings, oil and gas, rubber, and water treatment.

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The study reveals that the demand for calcium formate in animal feed and silage treatment industry is anticipated to witness a remarkable rise, as governments of numerous countries implement regulations on health enhancers used in animal feed. The need for nutrition-rich feed that benefit the digestive health of animals has influenced the adoption of additives and preservatives to achieve healthy growth of livestock. Additionally, growing consumption rate of meat and poultry products, which has proliferated demand for livestock, continues to create lucrative opportunities for the calcium formate manufacturers. According to the study, calcium formate sales in the animal feed and silage treatment industry will register a CAGR of over 4% through 2029.

For gaining comprehensive information of the historical and current growth parameters of the calcium formate market, primary and secondary research has been conducted. The secondary research contains the study of trade journals, press releases, company annual reports, paid resources, and other publications, while the primary research involves data culled by interviewing industry and market heads.

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Coating Additives Market Size, Application Analysis, Regional Outlook, 2018-2027

The coating additives market remains a consolidated landscape, with relatively high barriers for new entrants. The tier 1 players hold nearly 45-50% revenue share and have a strong focus on scaling up their regional presence. The tier 1 players are adopting go-to-market strategies as a part of their differential strategies to attain competitive benefits.

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These strategies are key to enhance customer outreach and reaching out to the diverse end-users, yet in an efficient manner. However, the tier 2 players are extensively focused on crafting unique products and commercializing the same at competitive prices for gaining high-profit margins.

Rheology modifiers are used across multiple industries, notably cosmetics and paints. They are widely used for scaling up system viscosity – and thereby ameliorating crucial aspects such as storage stability and film thicknesses.

The demand for rheology additives is witnessing a spike as manufacturers focus on making quality upgrades, such as making fluids less prone to dripping, upgrading their textural profiles, and extending their shelf life.

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Flow behavior remains one of the most important and highly-valued features in case of coating compositions, which is immensely taken care of by the rheology additives. With flow behavior of coating compositions having deep-rooted influences on their application and film formation, the demand for rheology additives is foreseen to rev up by a notable margin.

Performance requirements hold high significance in case of interior as well as exterior architectural paints. These requirements are dynamic and they vary in accordance to the designated areas of application. Architectural coatings make up more than half of the entire coatings market, ranging from wall paints for the interior to decorative coatings for the facade.

The texture and quality demanded of the coating in architectural coatings, however, varies from professional to craftsmanship applications. The importance of additives in accomplishments as such remains undeniable, which is fostering its demand in case of interior and exterior architectural coatings.

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Starch Based Edible Coating Market Know the Key Growth Drivers Developments and Innovations 2018-2027

The starch based edible coating market is projected to witness an increase in volume sales of over 4,000 tons in 2019 over 2018, according to recent Fact.MR report. Starch based edible coating sales are highly influenced by increasing demand in fresh, ready to eat and minimally processed foods, along with their growing significance in the preservation of fruits and vegetables. According to the study, growing adoption of corn starch based edible coating among farmers to manage postharvest quality of fresh produce is also paving the way for starch based edible coating market growth.

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Over 60% of overall volume sales in the market were accounted by the corn starch based edible coatings in 2018. Corn starch reinforced with glycerol and nutmeg oil nanoemulsion are sought-after among food producers, as it facilitates enhancing functional and mechanical attributes of the edible films. Key players in the starch based edible coatings market have also been working on the incorporation of fatty acids into corn starch based variants, to ebb their hygroscopic nature and improve water vapor permeability.

The Fact.MR study opines that key demand determinants for starch based edible coatings are prevailing restrictions on the use of agrochemicals, and the shift in consumer preference toward high-quality, minimally processed fresh foods, and vegetable products. This growing demand for fresh food commodities has consequently prompted manufacturers to focus on quality optimization, while retaining the cost-effectiveness, which has further intensified the adoption of viable preservation methods.

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The use of invisible starch based edible coatings and packaging is gaining impressive consumer acceptance over petroleum-based plastic coating and packaging, as they eliminate the need for excessive packaging. However, the study opines that pertaining grey areas to improve commercial properties of starch based edible coating is encouraging the manufacturers to adhere innovative developmental approaches.

Edible coatings are witnessing widespread adoption in the food industry, to separate the compartments of heterogeneous ingredients within foods, owing to their impressive efficiency and functional properties, as well as inherent characteristics of film-forming materials. Most biopolymers are relatively hydrophilic than commercial plastic materials, which is thereby prompting the manufacturers in the industrial sector to conduct robust scientific research in this direction to identify the film-forming mechanisms of biopolymers and to address the practical applications of edible films and coatings in the food industry.

The growing adoption of fruits and vegetables for their numerous health benefits, evolving consumer preferences, and advancements in technology are other growth determinants of the starch based edible coating market. The technological developments in the food industry have driven significant refinements in the strategies and approaches that offer unpredictable solutions to several existing issues, thereby paving the way for growth.

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Birch Water Market Emerging Trends, Business Growth Opportunities, Major Driving Factors

Fact.MR, in a recent research study, unveils compelling insights into the birch water market during the forecast period. According to the research study, the global birch water market is anticipated to grow at a CAGR of ~ 16%, primarily driven by growing demand for products offering artful convergence of taste and wellness, Birch water holds the status of a well-known health drink in the European countries, while its benefits are being recognized by a large number of North American consumers. This particulars, in turn, validate the lucrativeness of both North American and European markets for market players to pin their focus on.

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According to the report, consumers are showing high proclivity for enticing flavors, and manufacturers are further jumping onto this dynamic bandwagon by offering flavored birch water formulations. Increasing reluctance over beverages infused with chemical additives have picked pace, which is another key factor underpinning the market growth. In the birch water market, many emerging startups are increasing their production capacity rigorously to fulfill the demand of birch water. Although many companies offer flavored birch water in their products portfolio, some consumers also prefer the slightly sweet, and syrup-like taste of unflavored birch water.

The demand for birch water in the cosmetic and personal care industry is propelling the market growth significantly. Birch water has been long famed a valuable ingredient in Eastern Europe, China, and Canada. Cosmetic manufacturers are making use of birch water to incorporate in their cosmetic formulations for skin and hair nourishment. In the cosmetic industry, birch water is mainly used for use cases such as washing hair, bleaching skin, and replenishing hair growth. Moreover, higher concentration of manganese and minerals in birch water aid in regulation of blood sugar and bone structure through calcium absorption, which further increases the demand for birch water in the pharmaceutical industry.

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“The adequate availability of birch trees in Europe and North America is boosting the market growth in these regions. Besides, being used as a health drink, birch water finds their application in several application areas, including personal care and pharmaceuticals. In the birch water market demand for flavored birch water is increasing among consumers”- Says lead research analyst at food and beverages

The global birch water market is mainly dominated by top players namely: Alaska Wild Harvest, LLC, Astera Natural Ltd., BELORGANICS, Belseva, Kainaiži, Nature On Tap Ltd., Nordic Koivu Ltd., ÖselBirch, Säpp, Sibberi, Straikas, Treo Brands LLC, Wagram Springs Inc. Other companies in the birch water market have focused on increasing regional presence and targeting specific consumer base to increase the overall revenue. Companies in this segment are also using colorful graphics, various shapes, and custom presentations in the packaging of their products to increase brand presence in the market.

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Network Access Control Market Growth, Forecast and Application to 2027

Fact.MR, in its new research study, unveils that network access market reached a valuation of ~ US$ 953 Mn in 2018. According to the report, the continuous evolution of information security parameters is likely to warrant new opportunities for companies active in the network access control market. With the parade of technological advances, growth in new security solutions for data protection against malicious attacks is imminent, and is likely to unfold in various fronts. Network access control (NAC) has come a long way and a cohort of leading companies have come up with solutions to further underpin its evolution over these many years.

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“One of the key benefits of network access control is its ability to disable malicious actors from plugging into an organization’s network, which is a big reason encouraging enterprises of varying stature to embrace and invest in the concept. Traditional AAA are a complete misfit for today’s networks. Customers rely on network access control solutions, hardware, software, and solutions, to solve multiple problems such as visibility, control, policy enforcement, and protection. In response to the aforementioned, NAC vendors are adding more number of features and capabilities to their offerings so that end user satisfaction is well taken care of”, says the Fact.MR analyst.

North America will continue being the most lucrative market for network access control, with an ever-expanding growth of large and small & middle-sized enterprises. The region remains one of the earliest adopters of end point devices, some of the prominent ones being smart phones, laptops, and tablets, thereby laying the foundation of steadfast adoption of network access control solutions. The US continues to be at the forefront of demand for NAC, with ever-increasing number of enterprises getting aware of the benefits of network access control with respect to business operations, finds the Fact.MR analysis.

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The culture of Bring Your Own Device, or commonly referred to as ‘BYOD’, has been long instilled across workplaces to encourage employee flexibility. With this culture of BYOD in place, companies are able to boost the ‘agility factor’ of their operational bases, which, in turn, helps them achieve long-term goals. However, a myriad of security considerations has flared up in line with the widespread adoption of BYOD culture, which has pushed the demand for network access control by a wide margin. Connected devices increasingly serve as threat vectors for attackers for intruding into an enterprise’s network, which makes it imperative for the organizations to consider the deployment of network access control solutions. For an enterprise with BYOD culture, the idea of investments in NAC solutions is not only about device security but also high-end protection of other technologies emplaced within the ecosystem.

According to the Fact.MR analysis, rapid proliferation of IoT is also providing the impetus to the market growth through 2027. Considering the digital makeover of the modern-day businesses, IoT devices that are ‘compromised’ can take a toll on the financial and reputations fronts of an enterprise. In order to counteract the same, enterprises seek automated and integrated security frameworks to secure network access, implement coordinated responses post threat detection, and oversee traffic & behavior.

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Canned Cocktails Market Global Trends, Business Strategies and Opportunities with Top Key Players

Fact.MR’s recent study on the canned cocktails market shows that the market is going to topple the alcoholic beverages market with a CAGR of ~ 20% over the forecast period. Growth of Gen X and Gen Y population will incite the rise of Canned cocktails. This conclusion has been arrived at due to the overall per capita alcohol consumption by these cross-sections which is significantly higher. The consumers across the globe are making informed choices regarding the food and beverages they consume, having preference for taste, aesthetics, and a premium quality of the product. Canned cocktails manufacturers have taken this trend as an opportunity to serve the consumers with premium quality canned cocktails with an added advantage of convenience.

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The ritual of social-drinking is governed by a concept of status symbol, making millennials accept premium drinks like cocktails into their lifestyle to make an impression. Increase in the number of mixologists and bar tenders verifies that the populace has made cocktails their choice of alcoholic beverage. Although cocktails are becoming a prime drink for people, it wasn’t convenient to enjoy them outside bars before the canned cocktails were introduced. Canned cocktails bought the convenience of easy-to-handle cans along with added reinforcement in strength over their glass bottle counterparts. This idea was developed from an already established market of canned beer and wines. The drop in sales of beer in the last 5 years had also made the manufacturers look for alternatives and canned cocktails came up as an option.

In the last decade, more than 100 companies across the 7 regions have introduced their line of canned cocktails. These includes alcoholic beverages front-runners and canned cocktails pioneers like Diageo PLC, Anhauser-Bosch InBev, Duvel Moortgat USA Ltd. etc. The two key international regions for canned cocktails market are North America and Europe. North America consists the maximum manufacturers of canned cocktails, having over 1500+ distilleries, the second highest, followed closely by Europe. A significant number of these micro-breweries have launched their brand of canned cocktails. In fact, over 80 brands manufacture and sell their canned cocktails in USA alongside the sale of canned cocktails manufactured in other regions. The regions of Latin America and South Asia are to show immense traction in the canned cocktails market over the forecast period owing to their high population, reduction in abstainers and increased per capita spending capacity.

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The online sale of canned cocktails has seen traction in markets of Oceania and Latin America. Online sales in South Asia is also expected to grow once the regulations over the consumption of alcohol change. The low alcohol-by-volume content of canned cocktails makes it possible to supply it through online channels in many countries as sale of low ABV is allowed to the lower age group of people in a significant amount of countries.

The most important factor for considering a canned cocktail for the consumer is taste. Companies are investing heavily into developing better tasting canned cocktails. In Jul 2019, Rogue Spirits launched their range of canned cocktails with 100% natural ingredients like cucumber, lime and cranberries to their canned cocktails. Companies have developed products with different base materials and additives so as to match the consumer requirements. For instance, ASDA developed passion fruit martini in June 2019 or ‘Fling’ by Boulevard launched margarita in March 2019.

The emerging players in the market are coming up with newer alternatives like canned cocktail launched in June 19 made of Gin blended with wine, Duluth’s Vikre Distillery under the brand ‘Frenchie’, Lemongrass, fruit and vodka based canned cocktail by Sheboygan launched in July 19 etc. These emerging players are putting their resources in developing canned cocktails with unusual flavors to match the changing consumer demand for better and alternative products. Small-scale manufacturers also have entered into spiked seltzers vertical of the canned cocktails market and are developing products like sparkling soda and sparkling mineral waters.

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Top 4 Must Have Oriental Sauces for Your Chinese Recipes

The taste for Chinese food is acknowledged all over the world primarily due to its authenticity. However, the actual secret behind the relishing flavors is the involvement of condiments and sauces that are prepared using organic ingredients.

It is imperative to know that the sauce is majorly responsible to transform any seafood, meat, noodle, or rice from its plain to fanciful form. As per the Chinese food arena, the sauces are categorized as sweet, sour, savory and spicy. Interestingly, each regional cuisine across China makes use of these sauces as well as flavors in their own unique manner!

If you are fond of Chinese dishes, then do make sure you have at least the below mentioned sauces in your kitchen.

Sweet Bean Sauce

People who have actually savored Beijing Roast Duck, it wouldn’t be hard for them to spot the taste of sweet bean sauce. This oriental sauce is quite popular in Northern China. The color is usually dark brown which often comes as a thick paste. Stir fried recipes; especially, the ones involving pork are perfectly managed using sweet bean sauce.

Black Vinegar

The oriental sauce market cannot be determined without the involvement of black vinegar. It is the most common variety of vinegar found in China and is available at most Chinese restaurants due to its superb flavorful addition to rice, noodles and dumplings. The inky black color along with malty flavor is the prime strength of this sauce which enhances the essence of several Chinese recipes.

Hoisin Sauce

It is quite difficult to spot the difference between Sweet Bean Sauce and Hoisin Sauce, since both are almost similar in appearance, taste and usage. However, Hoisin sauce is not that thick and is usually added to dishes distinct to Southern China, like Guangdong. The use of Hoisin sauce is famous for meat glazing, stir-fries and as a dipping sauce.

Sesame Paste

If you are looking for fragrant flavoring to your Chinese dishes, do not miss out on Sesame Paste. It offers a thick consistency similar to peanut butter. The involvement of roasted sesame seeds makes this paste suitable to be used as a dipping sauce for hot pot along with noodles and salads. Chinese sesame paste can be recognized as being dark, nutty and savory.