Research Nester published a report titled “Potassium Cryolite Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global potassium cryolite market in terms of market segmentation by potassium content, application, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market. The global potassium cryolite market is anticipated to attain a CAGR of ~8% over the forecast period, i.e., 2022 – 2031. The market is segmented on the basis of application into mining, welding, construction, metalworking, and others, out of which, the metalworking segment is anticipated to hold a substantial share over the forecast period on the back of the increasing application of potassium cryolite for extracting metal from the metal oxide.
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The global potassium cryolite market is anticipated to grow on the back of increasing applications of potassium cryolite across various end-use industries, including mining, automotive, and agriculture. This compound is primarily used for the extraction of aluminum, which is extensively used in the automotive sector. As a result, the growing demand for vehicles is also estimated to boost the market growth. Moreover, the increasing use of potassium cryolite as explosives is estimated to boost the market growth.
On the basis of geographical analysis, the global potassium cryolite market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the North America, is anticipated to hold the largest market share during the forecast period on the back of the increasing manufacturing and sales of vehicles, combined with the high demand for lightweight aluminum among the manufacturers. Around 85,000 plug-in hybrid electric vehicles (PHEVs) were sold in the United States in 2019.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Increasing Demand in the Automotive Sector to boost the Market Growth
The increasing application of aluminum in the automotive industry is estimated to directly fuel the market growth, as potassium cryolite is used to extract aluminum from its ore. Furthermore, the growing demand for vehicles is also estimated to boost the market growth. However, low electric conductivity of potassium cryolite and need for high investment are expected to operate as key restraint to the growth of global potassium cryolite market over the forecast period. This report also provides the existing competitive scenario of some of the key players of the global potassium cryolite market which includes company profiling of Honeywell International Inc., Solvay S.A., Coronet Industries Incorporated, Strem Chemicals, Inc., KBM Affilips B.V, CeramTec GmbH, Toray Industries, Inc., S B Chemicals, AMG Aluminum, and Transcreek Engineers Pvt. Ltd. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global potassium cryolite market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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The Spirulina Market is expected to grow at a CAGR of 10.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingSpirulina is a blue green algae with high nutrient content, usually consumed by human & animals.
It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.
Additionally, high penetration of spirulina in industries such as cosmetics and pharmaceutical owing to the advantageous properties such as anti-aging, anti-wrinkles and othersare bringing changes in market tends.However, low stability & poor sustainability of spirulina derived colours is expected to restrict the market growth.Moreover, growth in research & development activities followed by untapped market opportunities in developing economies are anticipated to provide numerous opportunities to the market players in the coming few years.On the basis of type, spirulina market share is segmented into Arthrospira Platensis and Arthrospira Maxima.
Arthrospira Maxima dominates the global Spirulina market and will be the dominant throughout the forecasted period.On the basis of application, the Spirulina market is categorised into Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others.Food & Beverages segment is likely to develop significantly over the period of time owing to fast growing food & beverage industry.On the basis of drug formulation, the spirulina market is bifurcated into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent.
Powder segment is expected to account for the major market share & dominate the market growth over the forecast period.North America dominates the spirulina market in terms of market size over the forecast period, owing to rising health consciousness among people.
Hansen Holding A/S, Algenol Biofuels Inc., Dongtai City Spirulina Bio-engineering Co., Ltd., Prolgae, Parry Neutraceuticals, Sensient Technologies Corporation, DDW Inc., Algatec and Naturex S.A.Browse key industry insights from the report, “Spirulina Market Size By Type (ArthrospiraPlatensis and Arthrospira Maxima) By Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), By Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent)Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:Key Insights from the Spirulina Market Report:Asia Pacific is the fastest growing region in Spirulina market owing to the rising demand of spirulina from various industries such as cosmetics, food , healthcare and others and government initiatives to promote local spirulina production.The Food & Beverages segment dominates the market in terms of application and is expected to grow at a significant CAGR to maintain the lead till 2030.Some of the major players in the market are DIC Corporation, Cyanotech Corporation, Chr.
