Owing to Increasing Investments in Construction Projects, the US Accounted for around 76.7% of the North American Compaction Machine Market

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Owing to Increasing Investments in Construction Projects, the US Accounted for around 76.7% of the North American Compaction Machine Market

March 7th, 2023 Future Market Insights Leave a comment

The global compaction machines market is predicted to exhibit a healthy CAGR of 6.4% between 2022 and 2032 with an expected valuation of US$ 5.2 Bn in 2022 and totaling revenue of around US$ 9.7 Bn by 2032. The market was valued at US$ 4.9 Bn in 2021.

According to the historical forecast, the global compaction machines market grew at a value of 5.2% between 2017 and 2021. However, the surging investments in building and construction projects along with the rising prevalence of modern machinery to improve productivity and reduce labor costs are expected to elevate the demand for compact machines in the future.

Owing to the rapid expansion of the building and construction industry along with accelerated demand for advanced machinery, the overall sales of compaction machines are predicted to grow at a phenomenal pace across the forecast period.

Key Takeaways

Compaction machines are strong equipment utilized for compaction purposes throughout construction and building activities. Such powerful machines are used to reduce the size of the soil, concrete, gravel, or asphalt used in the construction of roads, dams, airports, and other structures. They help users to increase overall productivity and reduce labor costs.
The advancements in compaction equipment and the emergence of staunch government regulations are all expected to positively influence the growth of the compaction machine market over the coming years.
A significant surge in the compaction equipment market has been witnessed due to the emergence of compact paving materials such as asphalt mixes and roller-compacted concrete is expected to push demand in the global market.
Since there is a surge in construction activities all over the world, many new construction projects require advanced and compact construction equipment such as tandem rollers and pneumatic rollers, which can work efficiently in less time.
Governments in several countries are launching various construction projects due to the rising population and strengthening commercial infrastructure in their respective regions. This in turn is expected to bolster the sales of machines like compaction equipment.
Strict environmental regulations across the globe are rising environmental concerns along with growing infrastructures are predicted to propel the demand for electrically operated compaction machines in the global market during the forecast period.
To reduce pollution levels, small businesses are opting for electric machines that save costs and improve overall productivity. Therefore, the rising demand for electric compaction machinery is projected to support market growth during the next ten years.
The global construction market is predicted to exhibit a phenomenal growth rate by gathering a revenue of about US$4.0 trillion throughout the forecast period and is further anticipated to reach US$16 trillion with more than US$8.0 trillion in emerging economies by 2032.

Competitive Landscape

There is high competition witnessed in the global compaction machines market owing to the presence of several dominant regional as well as domestic players. Key compaction machine manufacturers are launching new products, collaborating, and partnering with vehicle manufacturers for better market opportunities.

More Insights into the Compaction Machines Market

The U.S. is expected to dominate the North American compaction machines market by accounting for about 76.7% of the total revenue. Owing to the rising need for smart cities and increasing government investments in the latest construction projects, the market is predicted to reach US$ 621.5 Mn in 2022.
According to the FMI analysis, China is estimated to show lucrative growth opportunities over the projection period. The market is expected to accelerate at a flawless CAGR of 8.1% in 2022. Despite the supply chain issues, China’s commercial construction industry is anticipated to maintain expansion over the assessment period.
The ever-rising need for residential and commercial development in the nation is expected to continue owing to the increase in household income and more people moving from rural to urban regions.
The expansion of the residential and commercial construction industry was bolstered due to affordable housing opportunities in both the public and private sectors. It has also been predicted that in the upcoming years, non-residential infrastructure would boom massively. Resulting in progressive sales of the compaction machines market.

Offshore drilling policy impacts shipments of export cargo and import cargo in international trade. feedstock

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14% Increase in Offshore Drilling in North America makes USA’s Petroleum Liquid Feedstock Market Highly Important for the Economy

March 3rd, 2023 Future Market Insights Leave a comment

FMI anticipates that the global petroleum liquid feedstock market valuation could reach US$ 313 billion in 2023. As per the projection of the analysts, the market is likely to record a value of over US$ 474.1 billion by 2033, registering a CAGR of 4.2% between 2023 and 2033. Increase in oil & gas prices and the demand for aromatics and growth of the petrochemical industry and automotive fleet are expected to drive the global demand for petroleum liquid feedstock during the forecast period.

A significant area of the energy sector is the petroleum liquid feedstock market. This includes the supply and demand of different petrochemical products used as feedstock in multiple applications. It entails the production, refinement, and distribution of liquid petroleum products. They have various uses, such as the production of chemicals, polymers, and other industrial products as well as fuel for vehicles.

Global supply and demand, geopolitical unrest, and technical advancements are a few of the variables that have an impact on the liquid petroleum products market. The market is also subject to price volatility, with prices often fluctuating in response to changes in global economic conditions, production levels, and supply chain disruptions.

The market is significantly fueled by the petrochemical industry. An increase in petrochemical product utilization in end-use sectors has contributed to the petrochemical industry’s growth. Additionally, political and economic considerations have an impact on the price of oil and gas globally which shapes the market expansion.

The production and processing of aromatics are one of the main applications of petroleum liquid feedstock. Owing to their high usage as feedstock for several products, aromatic compounds like xylene, benzene, and toluene are in high demand from different end-use sectors including the chemical industries. This is likely to propel the market for petroleum liquid feedstock to expansion.

Naphthalene is a significant byproduct of petroleum liquid feedstock. The naphthalene products market is an important sub-segment of the petroleum liquid feedstock market and it has experienced significant growth lately. The increased demand for naphthalene products across different end-use sectors, such as textiles, plastics, and construction, is responsible for this expansion.

The growth in technological developments is another key market factor for the petroleum liquid feedstock industry. Specifically, the transportation industry is what drives demand for petroleum liquid feedstock. Local transportation uses naphtha and oil which are petroleum liquid feedstocks. They include motor vehicles, engine vehicles, and bunkers. Marine fuel is also used in the industrial and commercial sectors.

Naphtha is an important product within this market as it is a feedstock used in the production of various products. The naphtha products market is primarily driven by the petrochemical industry which uses naphtha as a feedstock for the production of plastics, synthetic rubber, and other chemicals. The growth of the petrochemical industry across the world has driven the demand for naphtha products in recent years. In addition to its use in the petrochemical industry, naphtha is also used as a fuel for power generation and as a blending component in gasoline production.

To produce low Sulphur fuels and high-value petrochemicals, the industry is witnessing a trend towards lighter and cleaner feedstock. Natural gas liquids (NGL) are being utilized more often as a petrochemical feedstock and as a crude oil alternative while biofuels and renewable feedstocks like biomass and waste oils are also becoming more significant.

The opportunities in the market are vast and varied. Expanding the uses of petroleum products as feedstock for new and ongoing applications in the petrochemical, refining, and energy industries is substantial potential. Developing new and innovative processing technologies to convert lower-value feedstocks into high-value products is another significant opportunity.

The Oil and Gas Sector in the United States Switches to Survival Mode

The United States petroleum liquid feedstock market is highly important for the economy of the country as it is one of the leading producers and consumers of petroleum products. The World Oil research of international petroleum ministries and departments predicted a 14% increase in offshore drilling in North America in 2022.

The availability of significant shale gas and crude oil deposits is likely to have a beneficial impact on the future of the United States industrial sector. For instance, according to the Energy Information Administration (EIA), proven crude oil reserves increased to 367 million barrels in 2019. The extensive shale resource development and the expanding use of data analytics to boost drilling and production are also anticipated to hasten the adoption of oil & gas analytics.

Nevertheless, factors including a drop in exploration and production activity and an increase in inventory costs limit market expansion. With growing concerns over climate change and the transition towards cleaner energy sources, the market is likely to face significant challenges during the forecast period.

For the first time since EIA started providing statistics on renewable diesel production, renewable diesel output topped biodiesel production in the January 2023 Petroleum Supply Monthly (PSM), which contains United States’ biofuel production data through November 2022.

Competitive Landscape

The global petroleum liquid feedstock market is highly fragmented with Tier-I players accounting for approximately 25%-35% of the global petroleum liquid feedstock market, while other global players along with several local players account for the remaining market share. Global market leaders in the petroleum liquid feedstock market are BP p.l.c., Exxon Mobil Corporation, TOTAL S.A., Royal Dutch Shell plc, Idemitsu Kosan Co., Ltd., Flint Hills Resources and YPF.

Key Market Players and Their Recent Developments in the Petroleum Liquid Feedstock Market

BP p.l.c. – The British Petroleum Corporation plc and BP Amoco plc were both renamed to become BP plc, a global oil and gas corporation with its headquarters in London. According to sales and earnings, it is among the top “supermajors” in the oil and gas industry. It is a vertically integrated business that engages in electricity generation, trading, distribution, and marketing, as well as oil and gas exploration and extraction.

In September 2022, the agreement to buy EDF Energy Services was announced by BP p.l.c. This increased BP’s market share in the retail electricity and gas market for the United States commercial and industrial (C&I) customers.

In August 2022, together, BP and Eni formally launched Azule Energy, a new independent joint venture that combines the two firms’ Angolan activities in a 50/50 split.

In February 2022, a strategic partnership between Nuseed and BP was formed to quicken the market’s acceptance of Nuseed Carinata as a low-carbon and sustainable biofuel feedstock.

Exxon Mobil Corporation – The ExxonMobil Corporation is a global oil and gas company with its headquarters in the United States. It was created on November 30, 1999, by the union of Exxon and Mobil. These two retail brands are still in use today with Esso for gas stations and downstream goods. The corporation is vertically integrated throughout the whole oil and gas sector. It also has a chemicals section that creates plastic, synthetic rubber, and other chemical goods.

In January 2023, ExxonMobil disclosed that it possessed a bulk stake in Imperial Oil Limited. The business will spend around US$560 million to advance the building of Canada’s leading renewable fuel facility.

In November 2022, ExxonMobil revealed the arrival of the first LNG cargo from the $8 billion Coral South floating LNG (FLNG) project off the coast of Mozambique, adding more LNG to the world energy market.

TotalEnergies – One of the seven supermajor oil corporations, TotalEnergies SA is a French multinational integrated energy and petroleum firm that was created in 1924. Its operations span the whole oil and gas value chain, from the exploration and extraction of crude oil and natural gas to the creation of electricity. Its maneuver also includes the movement of petroleum products across international borders and the sale of those products.

In January 2023, the Lapa South-West oil development, which is 300 km off the Brazilian coast in the Santos Basin, received TotalEnergies’ approval for the final investment decision. With a 45% ownership stake and a joint venture with Shell (30%) and Repsol Sinopec (25%), TotalEnergies manages the project. Three wells will be used to develop Lapa South-West.

In September 2022, in the Grandpuits (Seine-et-Marne) zero-crude platform, TotalEnergies and SARIA reached a partnership to develop sustainable aviation fuel.

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Industrial Chocolate Market worth US$ 97 Billion by 2033

February 28th, 2023 Fact.MR Leave a comment

The global industrial chocolate market is expected to exhibit promising growth opportunities because of the rising awareness about the health advantages of consuming high-quality chocolates. As per Fact.MR, a provider of market research and competitive intelligence, sales of industrial chocolate are projected to reach a market valuation of USD 97 billion by the end of 2033, increasing at a CAGR of 4.5% over the next ten years.

Global demand for sugar-free, vegan, gluten-free, and organic chocolates has been steadily rising in recent years because of the increasing preference for healthier and more sustainable food options. Additionally, during the COVID-19 pandemic, many people turned to chocolate as a means of boosting their mood and reducing stress levels.

The belief among consumers in the excellence of single-origin and bean-based chocolates over bar chocolates has resulted in increased investments by industry players to manufacture such products. Additionally, the growing preference for the bean-to-bar approach is driving the demand for premium and specialty chocolate products. Furthermore, the trend of single-origin cocoa is fueling innovation and the creation of new products.

Some health experts claim that moderate consumption of cocoa can increase levels of serotonin, which can work as an antidepressant to calm the human brain. Furthermore, cocoa is also responsible for the release of endorphins in the human body, which can quickly improve mood.

According to data provided by the World Population Review, 3.5% of the global population suffers from depression.

Thus, the growing prevalence of mental illnesses, including depression and anxiety, can promote the demand for industrial chocolate-based products. Consumption of chocolate can reduce the release of cortisol, a stress hormone. The inclusion of chocolates in regular diets can help avoid reliance on medication and mitigate health issues.

Sales of chocolates are estimated to increase through 2033 due to their ability to induce happiness and relax the mind. Increasing awareness regarding preventative healthcare is expected to create profitable prospects for industry participants.

The global industrial chocolate market is also expected to be influenced by the growing awareness of the health benefits associated with consuming dark chocolate.

A study conducted by Cleveland Clinic demonstrated that dark chocolate can enhance blood circulation and reduce the risk of heart disease.

Moderate consumption of dark chocolate can also improve brain function and lower blood pressure, owing to the presence of crucial minerals such as iron, zinc, copper, phosphorus, and magnesium.

Last but not least, the implementation of eye-catching packaging solutions and the advancement of chocolate-based products to premium status to attract consumers’ attention are projected to create profitable opportunities for industrial chocolate suppliers.

Key Takeaways from Market Study

The industrial chocolate market is predicted to advance at a CAGR of 4.5% from 2023 to 2033.
Sales of single-origin chocolates are estimated to reach US$ 62.4 billion in 2023.
Demand for industrial chocolate is projected to reach US$ 97 billion by 2033.

Competitive Landscape

Key manufacturers of industrial chocolate are investing in innovation to gain a competitive edge in the global market.

For instance:

In March 2022, Barry Callebaut announced the expansion of its unit in Campbellfield, Melbourne, Australia. This strategic initiative is aimed at strengthening the company’s presence in Asia Pacific by focusing on the development of safe and high-quality products.
Blommer Chocolate Company is a subsidiary of Fuji Co., Ltd. In January 2022, the company announced the opening of its R&D laboratory in Chicago. This facility is expected to enhance the company’s R&D capabilities and enable it to explore innovative and improved ways to support its business.
In January 2021, Mars Inc. launched two vegan chocolates as part of the ‘Veganuary’ trend, as many people generally commit to following only a vegan diet throughout January. These newly launched chocolate bars are the vegan versions of Bounty and Topic and are named Bounty Vegan and Topic Vegan, respectively.

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global industrial chocolate market for the period of 2023 to 2033.

The study divulges essential insights into the market on the basis of product (cocoa butter, cocoa liquor, cocoa powder) and end use (confectionery products, biscuits & bakery products, dairy & desserts, ice creams & frozen items, cereals, others), across 5 major regions of the world (North America, Europe, Asia Pacific, Latin America, and the MEA).

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Charter Bus Services Market Size to Reach US$ 27.1 Billion by 2033

February 13th, 2023 Fact.MR Leave a comment

The charter bus services reached a valuation of US$ 18.7 Billion in 2023. Furthermore, across the 2023-2033 period of assessment, growth is expected to accelerate at a whopping 3.8% CAGR, reaching US$ 27.1 Billion.

The image above represents market bifurcation based on region and Application. Group charter services hold the leading share of 68.0% in the charter bus services market.

What are the elements influencing the market for charter bus services?

People can travel in a variety of ways and with a degree of flexibility owing to charter bus services. It enables users to plan a path to the most fascinating locations quickly. Therefore, passengers have complete freedom to travel and spend as much time as necessary at designated locations. Additionally, it eliminates the need to organize every aspect of the route because a corporate logistics specialist will handle all aspects of the arrangement for a bus rental with a driver.

Moreover, charter buses are a prominent option for people in the corporate sector to work while traveling somewhere without any hustle because of perks like free Wi-Fi, undercarriage storage space, and onboard bathrooms. Owing to all these features charter bus services are gaining immense popularity worldwide.

Why Does the U.S. Command a Big Share of the Global Market?

The US charter bus services market is highly fragmented with the presence of various small and large companies offering motor coaches. These companies offer more than 15,000 charter buses for different passenger trips contributing about 80% of revenue from charter bus services.

The economy is bound by a huge population from the corporate sector which is one of the leading factors attributing the demand for charter bus services due to affordable and cost-efficient travel features. Additionally, the increasing trend for mini charter bus rental in the country will create lucrative opportunities for market development in the forthcoming period.

Key Takeaways from the Market Study

According to Fact.MR, a CAGR of 3.8% was recorded for the charter bus services market from 2023-2033
In FY 2022, the charter bus services market reached a valuation of US$ 18.0 Billion
Charter bus services market reached a valuation of US$ 27.1 Billion by 2033
By End-user, the Business/Corporate Segment is expected to dominate the market, accounts for 63.0% global market share
East Asia and Europe region are projected to rise with the highest CAGR of 4.6% and 4.0% during the forecast period
The market in China is expected to expand at a 4.9 % CAGR

Competitive Landscape

Key market players in the charter bus services market are Barons Bus, Chinook Charter Services, Coach, Inc., Dousman Transport Co., Inc., Durham School Services, Fullington Auto Bus Co., GOGO Charters, Golden Touch Transportation, King Charters, Metrowest car service, Northwestern Stage Lines, Quality Assurance Travel, SBI Charters, TCS, Wisconsin Coach Lines and Other Key Players.

The charter bus service market is highly fragmented with the presence of various large and small market players in the industry. These market players are adopting key initiatives like the launch of services and expansion to enhance their footprint and expansion of market share.

For instance :

In July 2022, Uber, has introduced its charter bus services in Houston, Texas, and the Dallas-Fort Worth metroplex.
In December 2022, CharterUP, a tech-enabled charter bus service provider announced the expansion of its services in from Texas to other prominent region of the United States like Austin and San Antonio.

More Insights Available

Fact.MR, in its new offering, presents an unbiased analysis of the global charter bus services market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023-2033.

The study reveals essential insights on the market on the basis of Application (Private Charter Services, Group Charter Services), End-User (Business/Corporates, Individuals) & across six major regions (North America, Latin America, Europe, CIS & Russia, Asia Pacific, and Middle East & Africa).

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Frozen French Fries Market is Estimated to Advance at a 4.5% CAGR Through 2033

February 8th, 2023 Fact.MR Leave a comment

The global frozen French fries market is anticipated to reach a valuation of US$ 36.5 billion by the end of 2033, expanding at a CAGR of 4.5% across the assessment period (2023 to 2033).

French fries are manufactured from potatoes. They are prepared and served hot and in different shapes, including thin strips, curly, and waffles. Moreover, they are served with salsa, mayonnaise, ketchup, and others and are extremely popular around the world. French fries can be either deep-fried or baked.

Growth of the global market is attributed to the increasing count of companies providing online food delivery services, including Food Panda, Swiggy, Uber Eats, and others. They have made ordering food items an easy and convenient task. In addition, rising product launches by prominent market players are predicted to push the market forward.

For instance,

Aunt Bessie is a frozen chip brand that is based in the United Kingdom. The company added novel products to its portfolio of frozen potatoes, which included French fries and seasoned potato wedges.
Nowadays consumers are looking for food that is easy to prepare and instantly available. French fries are popular around the world as they are the most likable snacks among all types of age groups. Youngsters are the key consumers of frozen French fries. In certain places in North America, French fries are one of the most commonly consumed dishes. They are also served with fish and can be prepared at home. In addition, frozen French fries are a nice Sunday evening snack to share with family or friends.On the other hand, increasing incidence of obesity around the world has resulted in rising awareness related to healthy eating habits. The excessive consumption of frozen French fries can lead to various cardiovascular diseases. Thus, these health-related factors are anticipated to limit the adoption of frozen French fries to some extent.
Key Takeaways from Market Study
- The global market for frozen French fries has been forecasted to expand at a CAGR of 4.5% through 2033.
- The Canadian market is estimated to increase at a CAGR of 3.7% during the forecast period (2023 to 2033).
- Demand for frozen French fries in Germany is projected to advance at a CAGR of 3.5%.
- The global market is valued at US$ 23.5 billion in 2023.
- Worldwide sales of frozen French fries are predicted to reach US$ 36.5 billion by 2033-end.
Competitive Landscape

Key manufacturers of frozen French fries are incorporating several strategies, including new product launches, partnerships, product development, and others to gain a competitive edge.

For instance,
- LMW RUS is a prominent manufacturer of frozen potato products in Russia. In June 2021, the company entered into a deal with Igor Artamonov, who is the governor of the region Lipetsk.
- McCain, in June 2022, announced the launch of its new Farm of Future Africa in the world food chain.
- The Kraft Heinz Co. and Simplot Food Group, in February 2022, entered into a deal. According to the deal, Simplot, which is situated in Boise, Idaho, will become the sole producer as well as supplier of the Ore-Ida brand of Kraft Heinz.
More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global frozen French fries market for the period of 2023 to 2033.

The study divulges essential insights into the market on the basis of product (white potato fries, sweet potato fries), application (food service, household), and across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).

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Respiratory Protection Equipment Market is Forecast to Grow by US$ 35.83 Billion During 2022-2033

February 1st, 2023 Fact.MR Leave a comment

The global respiratory protection equipment market is valued at US$ 19.09 billion in 2023 and is predicted to increase at a CAGR of 6.5% from 2023 to 2033, as per a new industry analysis by Fact.MR, a market research and competitive intelligence provider.

Demand for respiratory protection equipment (RPE) is increasing rapidly as a result of strict government rules for health safety in the workplace and growing consumer awareness regarding self-hygiene due to the COVID-19 pandemic. Furthermore, sales of respiratory protection equipment are anticipated to increase at a high rate over the forecast period as a result of the emergence of new biological viruses such as severe acute respiratory syndrome (SARS) and Middle East respiratory syndrome (MERS), as well as a shift in the trend towards proactive measures in the healthcare industry. Additionally, it is anticipated that more people will utilize respiratory protection devices over the coming years, such as powered air-purifying respirators (PAPRs) and self-contained breathing apparatuses (SCBAs).

It is projected that increasing concerns over compensation expenses resulting from rising accident claims in a wide range of industries, including manufacturing, transportation, and chemicals, will encourage the implementation of workplace safety rules. Thus, rising worries about high-risk operations in the industrial and construction sectors will drive the demand for RPE.

Key Takeaways from Market Study:

The global respiratory protection equipment market is expected to reach US$ 35.83 billion by 2033.
The market in China is predicted to expand at a CAGR of 10.5% during the projected period.
Demand for supplied air respirators (SARs) is expected to rise at a CAGR of 7% during the next 10 years.
Worldwide sales of air-purifying respirators (APRs) are anticipated to evolve at 6% CAGR over the decade.

“Demand for RPE, such as disposable filtering masks, N95 masks, and surgical masks, from the healthcare sector is increasing rapidly due to rising cases of COVID-19 and other viral diseases in some parts of the world,” says a Fact.MR analyst.

Winning Strategy:

Some of the key manufacturers of respiratory protection equipment are 3M, Delta Plus Group, and Drägerwerk AG & CO. KGAA. Due to their low costs and widespread use in the industrial and healthcare sectors, a majority of companies are concentrating on producing APRs, such as disposable masks and N95 respirators.

Businesses are also collaborating with raw material suppliers, automobile OEMs, etc. to produce RPEs due to their rising demand around the world. Additionally, to acquire a competitive edge in the market, industry participants concentrate on the R&D of new technologies for production processes and integration throughout various stages of the value chain.

ViruShield Inc. announced the arrival of the improved transformative mask and respiratory accessories in August 2020.

More Valuable Insights on Offer:

Fact.MR, in its new offering, presents an unbiased analysis of the global respiratory protection equipment market, presenting historical demand data (2018 to 2022) and forecast statistics for the period of 2023 to 2033.

The study divulges essential insights on the market on the basis of type (air-purifying respirators, supplied air respirators) and end user (healthcare, industrial, oil & gas, mining, construction, petrochemicals/chemicals, pharmaceuticals, military & aviation, public services, consumers), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).

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2023 Will be Bumpy – These Dividend ETFs Can Smooth the Ride

January 17th, 2023 Peter Frerichs Leave a comment

The stock market was ravaged in 2022. There were few bright spots and in 2023 folks are seeking stability. In good times high-flying firms with the potential for explosive growth are attractive. In bear markets, however, dividend stocks – companies that pay reliable quarterly checks – are safe havens regardless of how bad the market is performing.

The Wall Street Journal (Buy Side), in collaboration with Refinitiv Lipper, a renowned domestic, global, and international data provider analyzed a list of 120 + funds. In consultation with in-house experts, they narrowed down their best bets based on each ETFs’ portfolio composition, track records, fees, and consistency over time.

#1 Overall

The Vanguard High Dividend Yield (VYM) is one of the largest and most respected index funds. With $55.6 billion under management, investors can expect a yield of roughly 3% which is higher than the broader market. It’s a much more diversified fund compared to its rivals, and in addition to the quarterly income, dividend-paying stocks can also rise in value over time.

Over the past three years, the VYM has delivered an 8.6% annual return and 8.8% per year over the past five years.

Best for Yield

Coming in at the best dividend ETF for yield is Schwab’s flagship offering – Schwab US Dividend Equity (SCHD). The payout is nearly a half percentage point better than VYM (3.44%) which is double the 1.55% average yield of the S&P 500.

This ETF is much choosier than its rivals, screening stocks based on five-year dividend growth rates, return on equity, and high cash flow to low debt. A cursory review of the fund’s top holdings reveals some familiar names – Texas Instruments, The Home Depot, Merck & Co., Amgen, PepsiCo, BlackRock, Broadcom, and more. In terms of 3-year performance, SCHD yielded an impressive 14.3% and 13.2% over five years.

Best for Safety

This sounds like an interesting category. We all want safety, but like anything, there’s a cost. The Vanguard Dividend Appreciation (VIG) is ideal for those who do not need income and are seeking less volatility than the S&P 500. This fund is made up of stocks with at least 10 consecutive years of rising dividend payments. This is akin to receiving a steady raise every year over time.

The average yield of 1.93% is considerably lower than the other funds here, but that is the price for safety over time. Again, the ETF’s companies are those that are actively growing their dividend. There are no risky high flyers here.

Best International

The previously mentioned ETFs are all US-centric. The benefit of an international ETF is tapping into a broader basket of holdings. The iShares International Dividend Growth (IGRO) ETF is a tad pricier in terms of the annual fee, but each of its principal holdings generates income well above 3%.

The fund’s growth approach is similarly rooted in targeting those companies that already have a proven track record of augmenting their dividends. In bear times dividend growth companies are more likely to continue maintaining their payouts as opposed to trimming their dividends to stay operationally afloat.

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Global Specialty Fats and Oils Market to Generate Revenue of US$ 25,970.3 Million by 2030

January 16th, 2023 Astute Analytica Leave a comment

Global specialty fats and oils market was valued at US$ 13,156.2 Mn in 2021 and is projected to attain a market value of US$ 25,970.3 Mn by 2030 at a healthy CAGR of 7.8 % during the forecast period 2022–2030.

In recent years, the specialty fats and oils industry has seen significant growth. This is due in part to the rising popularity of health-conscious consumers who are willing to pay a premium for products that offer health benefits. Astute Analytica’s analysis shows that the global specialty fats and oils market is worth an estimated $13,156.2 Million in 2021. The report also notes that the Asia-Pacific region is the fastest growing market for specialty fats and oils, accounted for over 30% share of the global market in 2021.

Our analysis shows that the growth of the specialty fats and oils market is being driven by health-conscious consumers who are looking for healthier alternatives to traditional cooking oils. Sales of olive oil, for example, have increased by 11.4% in the last year. The report also highlights some of the challenges facing the industry, such as the rising cost of raw materials and competition from cheaper alternatives such as sunflower oil. Despite these challenges, Astute Analytica’s analysis shows that market is still growing strongly and is set to continue doing so in the years to come.

Top 5 Players to Continue Holding Over 58% Revenue Share of Global Specialty Fats and Oils Market

Astute Analytica’s analysis found that competition in the specialty fats and oils market is intensifying, with a growing number of players vying for market share. The top five companies – Wilmar International, Cargill, Incorporated, Bunge Limited, AAK AB, and Mewah International Inc – accounted for more than 58.7% of the market revenue in 2021 and are projected to continue leading the global specialty fats and oil market in the years to come.

These players have been actively involved in various growth strategies such as expansions, acquisitions, new product launches, and joint ventures & agreements to enhance their foothold in the global specialty fats and oils market. For instance, in November 2021, Cargill announced investment of USD 35 million in expanding production facility at Port Klang, Malaysia to meet growing customer demand for specialty fats. Moreover, in April 2021, Bunge and Chevron entered into Joint Venture to develop renewable fuel feedstocks to meet the demand for renewable fuels and create feedstocks with lower carbon intensity.

Cargill’s presence in the specialty fats and oils industry is strong, according to a new analysis from Astute Analytica. The company holds a leading market share position in North America and Europe, and its products are used in a wide range of applications, including food, cosmetics, and pharmaceuticals. Cargill’s product portfolio is broad and includes both branded and private-label products. The company offers a wide range of products, including: – edible oils – bakery shortenings – margarines – cocoa butter replacements – non-dairy creamers – nutritional oils – personal care ingredients. It has a strong R&D program and is constantly innovating to meet the changing needs of customers in the global specialty fats and oils market. Cargill is committed to sustainable sourcing and production, and its facilities are certified by leading third-party organizations.

The company’s flagship brand, NutriWise, is a range of healthy fats and oils that are designed to meet the needs of consumers looking for healthier alternatives. In recent years, Cargill has been investing heavily in research and development, in order to maintain its position as the leader in the specialty fats and oils market. The company’s R&D efforts have led to the development of new products, such as Omega-3 enriched oil, which has been proven to offer health benefits. Cargill’s focus on innovation has also been evident in its marketing strategy. The company has been working hard to raise awareness of its brands among consumers, and has been successful in doing so. In particular, Cargill’s NutriWise brand has gained popularity among health-conscious consumers. Looking to the future, we expect Cargill to continue to lead the way in the market.

Astute Analytica’s Survey Reveals Players in Global Specialty Fats and Oils Market are Very Optimistic Grow their Applications across Food, Pharmaceutical and Cosmetic Industries

The global market comprise a small but growing share of the overall fats and oils market. In Astute Analytica’s survey of specialty fats and oils industry, conducted in September 2022, we asked over 280 industry experts about their organization’s use of specialty fats and oils, as well as their thoughts on the future of the specialty fats and oils. Specialty fats and oils are defined as those that are not used in the production of food or feed, but rather in industrial applications such as lubricants, coatings, cosmetics and pharmaceuticals. The market for specialty fats and oils is still relatively small, but it is expected to grow at a faster rate than the overall fats and oils market due to the rising demand for natural and sustainable ingredients in these industries.

In our survey of the global specialty fats and oils market, we found that only 22% of respondents were using specialty fats and oils in their organization, but nearly half (48%) said they were interested in doing so in the future. The most popular applications for specialty fats and oils were food and beverages (61%), cosmetics (51%) and pharmaceuticals (50%). Looking ahead, respondents were optimistic about the future of the specialty fats and oils industry, with 71% expecting it to grow significantly or somewhat in the next five years. The main drivers of growth were expected to be rising demand for natural ingredients (cited by 64% of respondents) and new applications for these oils (cited by 62%).

In terms of sustainability, respondents indicated that they were under pressure to improve their environmental credentials, with almost 60% saying that they had made progress in this area over the past 12 months. However, a significant minority (40%) also said that they were struggling to meet customer demands in this area.

In terms of regulatory compliance, the specialty fats and oils market is currently facing a number of challenges, including the European Union’s proposed ban on palm oil biodiesel and increasing pressure from NGOs to disclose the use of conflict palm oil. Respondents to the survey indicated that they are feeling increasingly confident about meeting these challenges, with almost 60% saying that they are compliant with current regulations and a further 20% saying that they are compliant with expected future regulations.

Top Trends in the Global Specialty Fats and Oils Market

There is a growing demand for specialty fats and oils market due to their wide range of applications in the food, cosmetics, and pharmaceutical industries. Considering the numerous health benefits associated with these products, the market is forecast to grow significantly in the coming years.

Some of the top trends in specialty fats and oils include:1. Increased demand for natural and organic products:

Consumers are becoming increasingly health-conscious and are therefore seeking out natural and organic products that are free from synthetic ingredients and chemicals. This trend is especially prevalent in developed countries such as the US, UK, and Germany.
Growth of the functional foods market: Functional foods are those that offer health benefits beyond basic nutrition. Specialty fats and oils can be used to fortify foods with essential nutrients such as omega-3 fatty acids, which are known to improve heart health.
Expansion of the beauty market: Specialty fats and oils market is also witnessing a growing trend of variety of cosmetics and personal care products including specialty fats and oils. For example, many skin care products contain shea butter, an ingredient derived from African trees that is rich in vitamins A and E.
Growing popularity of plant-based diets: More people are adopting plant-based diets for health reasons or ethical concerns about animal welfare. As a result, there is an increased demand for plant-based fats and oils such as palm oil, coconut oil, and olive oil.
Natural antioxidants: Antioxidants are compounds that protect against cell damage caused by free radicals. Many plant-based oils, such as olive oil and grape seed oil, contain natural antioxidants that can help boost overall health.
Low-trans fats: Trans fats are man-made fats that can increase the risk of heart disease and other health problems. Many companies in the global specialty fats and oils market are now offering products made with low-trans fats, which are a healthier alternative.

Top Players in the Global Specialty Fats and Oils Market

AAK AB
BASF SE
Bunge Limited
Cargill, Incorporated
D&L Industries
Fuji Oil Co. Ltd
IOI Corporation
Mewah International Inc
Wilmar International
Dulzer
IFFCO
Intercontinental Specialty Fats Sdn. Bhd
Musim Mas
Other Prominent Players

About Astute Analytica

Astute Analytica is a global analytics and advisory company which has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in depth and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the Globe. They are able to make well calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising of business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of best cost-effective, value-added package from us, should you decide to engage with us.

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Global High Purity Solvents Market to Generate Revenue of US$ 64,003.7 Million by 2030

January 13th, 2023 Astute Analytica Leave a comment

Global high purity solvents market generated revenue of US$ 36,542.0 million in 2021 and is estimated to reach valuation of US$ 64,003.7 million by 2030 at a CAGR of 6.5% during the forecast period, 2022–2030.

Astute Analytica’s analysis of the global high purity solvents market is surprisingly optimistic. Our industry analyst believes that the market is well-positioned to weather the current economic downturn and emerge stronger than ever before thanks to a number of factors that they believe will support the industry in the coming years. Firstly, high purity solvents are used in a wide range of industries, from healthcare and pharmaceuticals to food and beverage production. This means that demand for these products is relatively stable, even during periods of economic uncertainty.

Secondly, the high purity solvents market is highly fragmented, with no single player accounting for more than 20% of the market. This fragmentation provides opportunities for smaller players to gain market share as larger companies consolidate. Finally, the market’s move towards sustainable and environmentally-friendly products will continue to gather pace in the coming years. This shift presents an opportunity for companies that are able to provide innovative solutions that meet this growing demand.

The race to meet tomorrow’s needs” which provided an overview of the industry and identified key trends and challenges facing companies operating in this space. In our latest report, “High Purity Solvents market: Innovating to stay ahead”, we build on our previous work and provide an in-depth analysis of the current state of the market. This report includes a detailed assessment of the competitive landscape, as well as insights on how companies can position themselves to succeed in this rapidly changing environment.

Key Dynamics of Global High Purity Solvents Market

Continued shift toward more environmentally friendly solvents. This has been driven by regulations requiring the use of less harmful chemicals, and by consumer demand for green products.
Need for higher performance solvents. This includes solvents that can handle more difficult tasks, such as cleaning electronic equipment or removing oil stains.
Finally, the third key driver of market demand is cost. As companies seek to improve their bottom line, they are looking for ways to reduce costs. One way to do this is to switch to high purity solvents, which can be more cost-effective than traditional solvents.

High Purity Solvents Market to Exceed Production of 59,621.7 000’ MT by 2030

High purity solvents (HPS) are an essential component in the manufacture of many products, including pharmaceuticals, cosmetics, and electronic equipment. The production of HPS is a complex process that requires precise control over the purity of the solvents used. The demand for HPS has grown significantly in recent years, due to the increasing use of these products in various industries. In response to this demand, a number of companies have invested in the production of HPS in the global high purity solvents market. According to a new report from Astute Analytica, high purity solvents production to exceed 59,621.7 000’ MT by 2030.

The majority of HPS production takes place in Asia-Pacific region, which is expected to account for more than 40% of global production in 2021. North America is the second-largest market for HPS. The increased demand for HPS is driven by several factors, including the growing pharmaceutical industry and the need for high-quality solvents in the electronics manufacturing sector.

Pharmaceutical companies use high purity solvents in the production of active pharmaceutical ingredients (APIs) and intermediates. Cosmetics companies use these solvents to formulate products such as hair care, skin care, and makeup. Food and beverage companies use high purity solvents in the processing of food and drinks. The Asia Pacific is also expected to be the fastest-growing market during the forecast period, due to the growing pharmaceutical and cosmetics industries in China and India.

Astute Analytica’s Outlook: Existing Players to Enjoy High Entry Barriers and Capital-Intensive High Purity Solvents Market

In its analysis of the high-purity solvents market, Astute Analytica finds that this market is characterized by high barriers to entry, strong customer relationships and limited substitution options. The industry is also capital intensive, with new entrants typically needing to invest around $100 million to build a manufacturing plant. High barriers to entry protect the incumbents from new competition. We expect continued growth in the high purity solvents market, driven by innovation in products and processes. New applications for high purity solvents are being developed all the time, and the industry is well placed to benefit from this trend.

According to the report, the industry’s key success factors include a deep understanding of customer needs, a focus on innovation and a willingness to make long-term investments. The analysis further indicates that the leading companies in the high-purity solvents industry are those that have been able to create unique offerings that meet the specific needs of their customers.

Top 5 Players Generated 59.4% Revenue of the Global High Purity Solvents Market

The high purity solvents market is extremely competitive, with a large number of manufacturers vying for market share. Astute Analytica’s analysis of the market reveals that the top 5 companies namely BASF SE, Dow, Evonik Industries AG, Exxon Mobil Corporation and Asahi Kasei Corporation are accounting for just over 59% of total industry revenues. The remaining companies are all fighting for a relatively small slice of the pie. Our research shows that the market is consolidating, with the top companies acquiring smaller players to gain market share. This consolidation is likely to continue in the future as the industry becomes increasingly competitive.

The report’s analysis also reveals that price is a major factor in the high purity solvents market. Manufacturers are constantly striving to offer the lowest prices possible, and this has led to a race to the bottom in terms of pricing. Finally, the research shows that innovation is key to success in the high purity solvents industry. Companies that can develop new and better products will be able to gain an edge over their competitors.

BASF has a leading position in the high purity solvents market, with a market share of more than 12%. The company has a strong focus on customer needs and provides a broad range of products to meet these needs. BASF’s R&D capabilities are among the best in the industry, and the company has a strong track record of innovation. BASF’s position in the market is due to its focus on quality and customer service. The company has an excellent reputation for providing high-quality products and services. In addition, BASF has a strong commitment to research and development, which has resulted in many innovative products.

The company has a strong position in Europe and North America, and is also present in Asia Pacific and South America. BASF’s product portfolio includes a wide range of solvents, from highly purified water to highly flammable liquids. The company in the global high purity solvents market has remained at the forefront of innovation in this field, and its products are used in a wide range of industries, from pharmaceuticals to electronics. However, the company faces several challenges, including intensifying competition from regional players and declining demand in some of its key markets.

Top Players in the Global High Purity Solvents Market

Akzo Nobel N.V.
American International Chemical LLC
Apchem Pvt. Ltd.
Asahi Kasei Corporation
BASF SE
CABB Group GmbH
Central Drug House
Chemtronics
DAWN SCIENTIFIC INC
Dow
Evonik Industries AG
Exxon Mobil Corporation
FINAR
High Purity Laboratory Chemicals Pvt. Ltd.
Merck KGaA
Mitsubishi Chemical Corporation
Mountain Air
Spectrum Chemical Manufacturing Corp.
Thermo Fisher Scientific Inc.
Other Prominent Players

About Astute Analytica

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The Global Vibration Analyzer Market Size is Predicted to Reach US$186.2 Million in 2032

September 21st, 2022 Future Market Insights Leave a comment

The global vibration analyzer market size is expected to reach US$ 186.2 Million in 2032 and exhibit a CAGR of 9.4% in the forecast period from 2022-2032. Increasing awareness about predictive maintenance among various end-use industries is set to push the demand for vibration analyzers in future years.

As per FMI, the vibration analyzer market is anticipated to be valued at US$ 152.9 Million in 2022. Increasing concerns associated with functionality and safety of equipment are likely to bode well for the global market.

In the present scenario, the technical advancements in communication, electronics, and other industries have led to the development of efficient network cable testers. Network cable testers play a vital role while installing new cables and troubleshooting existing cables. Common cable tests include attenuation, wiremap, length, DC loop resistance, and return loss.

Standards associations such as IEE, ISO, and, TIA are continuously researching to provide guidelines for cabling professionals while installing, troubleshooting, and certifying cable networks. There exist specific requirements and potential difficulties in employing these network transmission technologies.

With higher speed Ethernet standards, it is becoming more critical to keep up with the latest proliferation in cabling communications and network cable testing. The growing networking industry is expected to provide an important boost to the network cable tester market.

The Rise of Cabling Infrastructure, the Key Factor Driving Demand for Network Cable Tester Market

As networks are evolving, the need for cabling infrastructure is increasing to support them. Network cable testers are made with a range of focused features for specific field tasks. They provide a level of assurance that the installed cable links give the wanted network transmission capabilities to assist the data communication wanted by the users.

Commercially, network cable testers are categorized into one of the three hierarchical sets; qualification, verification, and certification. Certification Network Cable Tester is the tool that provides Pass or Fails figures by industry conducts.

Furthermore, the rapid development of gaming devices and equipment in LAN (Local Area Network) is also leading to the increased sales of cables, which has resulted in increased demand for network cable testers to provide quality and safe connectivity.

Global Network Cable Tester Market: Market Participants

The number of players present in the Network Cable Tester market is trivial. Some of the key players operating in the global Network Cable Tester market are Atcom Inc., Fluke Networks, 10Gtek Transceivers Co., LTD., GENERIC, NetScout Systems, Inc., Ologymart, Transway’s Marketplace, TeKit, axGear, Advanced Fiber Solutions, AEMC Instruments, L-com, Platinum Tools, Klein Tools, among others.

Key Developments in Network Cable Tester Market

New product innovations have been witnessed as the cable industry is growing significantly. In 2016, Ideal Network, a major manufacturer of portable networks, cable certification, and testing equipment launched the updated NaviTek NT to help networking experts pinpoint and solve issues quickly for copper and fiber-optic networks. The compact and flexible Network Cable Tester fits into narrow areas where significant cabling is often located, assisting engineers to work more efficiently, the company said.

Opportunities for Market Participants in Network Cable Tester Market

The rapid evolution of cabling systems and rapidly increasing use of Single Mode cabling for 40G Ethernet, MPO/MTP fiber, and beyond has provided spectacular growth to the Network Cable Tester market. As data centers and enterprise networks are increasing, the demand for certified network cable testers has also increased.

Cable installers gain significant productivity with Certifiers. The market in the Asia Pacific is expected to register a relatively strong CAGR during the forecast period. Japan possesses an extensive network and cabling industry due to its unique culture and market size.

Many of the globe’s most important and innovative industrial companies are Japanese. These factors are supporting growth in the Asia Pacific for the Network Cable Tester market. In North America, the number of broadband connections has grown well, posing a potential opportunity for the network cable tester market. In the Middle East and Africa, the growth remains unstable due to the lack of innovations in the cabling industry.

The network cable tester market in Europe is expected to record moderate growth. In Germany, the technological advancements in the cabling industry have witnessed significant growth, which has resulted in the increased demand for Network Cable Tester equipment.

Owing to Increasing Investments in Construction Projects, the US Accounted for around 76.7% of the North American Compaction Machine Market

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