Salt Hydrate Market

Salt Hydrate Market Segmentation By End-User Industries (Pharmaceutical, Building & Construction, Food & Beverages, Electronics and Others); By Salt Types (Copper salt and Table Salt) - Global Demand Analysis & Opportunity Outlook 2027

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Report ID: 779 | Published On: Feb 01, 2022
  1. Introduction
    • Market Definition
    • Market Segmentation
    • Product Overview
  2. Assumptions and Acronyms
  3. Research Methodology
  4. Research Process
    • Primary Research
    • Manufacturers
    • Distributors
    • End Users
    • Secondary Research
    • Market Size Estimation
  5. Executive Summary - Global Advanced Therapy Medicinal Products Market
  6. Analysis of Market Dynamics
  7. Drivers
  8. Trends
  9. Key Market Opportunities for Business Growth
  10. Major Roadblocks for the Market Growth
  11. Regulatory & Standard Landscape
  12. Value Chain Analysis
  13. Potential ATMP Treatment Analysis
  14. Pricing Analysis of Global Advanced Therapy Medicinal Products Market
  15. Use Case Analysis
  16. Pipeline Analysis
  17. Analysis on the Manufacturing Process
  18. Analysis of COVID-19 Impact on the Global Advanced Therapy Medicinal Products Market
  19. Analysis of End-User Market Share of Global Advanced Therapy Medicinal Products
  20. Competitive Positioning
  21. Competitive Landscape
  22. Market Share Analysis of Major Players (%), 2021
  23. Competitive Benchmarking
  24. Novartis AG.
  25. Takeda Pharmaceutical Company Limited
  26. Gilead Sciences, Inc.
  27. Bluebird Bio, Inc
  28. BioMarin Pharmaceutical Inc
  29. Vericel Corporation
  30. Mallinckrodt Pharmaceuticals
  31. UniQure N.V.
  32. JCR Pharmaceuticals Co., Ltd.
  33. Spark Therapeutics, Inc. (Parent Company: Roche)
  34. Kolon TissueGene, Inc.
  35. Global Advanced Therapy Medicinal Products Market Outlook
  36. By Value (USD million)
  37. By Product
  38. CAR-T Therapy, 2021-2031F (USD million)
  39. Gene Therapy, 2021-2031F (USD million)
  40. Cell Therapy, 2021-2031F (USD million)
  41. Tissue Engineered Product, 2021-2031F (USD million)
  42. By Disease
  43. Oncology, 2021-2031F (USD million)
  44. Genetic Disorders, 2021-2031F (USD million)
  45. CNS, 2021-2031F (USD million)
  46. Dermatology, 2021-2031F (USD million)
  47. Others, 2021-2031F (USD million)
  48. By End-User
  49. Hospitals & Clinics, 2021-2031F (USD million)
  50. Research & Academic Institutes, 2021-2031F (USD million)
  51. Global Advanced Therapy Medicinal Products Market by Region
  52. North America, 2021-2031F (USD million)
  53. Europe, 2021-2031F (USD million)
  54. Asia-Pacific, 2021-2031F (USD million)
  55. Latin America, 2021-2031F (USD million)
  56. Middle East & Africa, 2021-2031F (USD million)
  57. North America Advanced Therapy Medicinal Products Market Outlook
  58. By Value (USD million)
  59. By Product
  60. CAR-T Therapy, 2021-2031F (USD million
  61. Gene Therapy, 2021-2031F (USD million)
  62. Cell Therapy, 2021-2031F (USD million)
  63. Tissue Engineered Product, 2021-2031F (USD million)
  64. By Disease
  65. Oncology, 2021-2031F (USD million)
  66. Genetic Disorders, 2021-2031F (USD million)
  67. CNS, 2021-2031F (USD million)
  68. Dermatology, 2021-2031F (USD million)
  69. Others, 2021-2031F (USD million)
  70. By End-User
  71. Hospitals & Clinics, 2021-2031F (USD million)
  72. Research & Academic Institutes, 2021-2031F (USD million)
  73. By Country
  74. US, 2021-2031F (USD million)
  75. Canada, 2021-2031F (USD million)
  76. Europe Advanced Therapy Medicinal Products Market Outlook
  77. By Product
  78. By Disease
  79. By End User
  80. By Country
  81. UK, 2021-2031F (USD Million)
  82. Germany, 2021-2031F (USD Million)
  83. France, 2021-2031F (USD Million)
  84. Italy, 2021-2031F (USD Million)
  85. Spain, 2021-2031F (USD Million)
  86. Russia, 2021-2031F (USD Million)
  87. Netherlands, 2021-2031F (USD Million)
  88. Rest of Europe, 2021-2031F (USD Million)
  89. Asia Pacific Advanced Therapy Medicinal Products Market Outlook
  90. By Product
  91. By Disease
  92. By End User
  93. By Country
  94. China, 2021-2031F (USD Million)
  95. India, 2021-2031F (USD Million)
  96. Japan, 2021-2031F (USD Million)
  97. South Korea, 2021-2031F (USD Million)
  98. Singapore, 2021-2031F (USD Million)
  99. Australia, 2021-2031F (USD Million)
  100. Rest of Asia-Pacific, 2021-2031F (USD Million)
  101. Latin America Advanced Therapy Medicinal Products Market Outlook
  102. By Product
  103. By Disease
  104. By End User
  105. By Country
  106. Brazil, 2021-2031F (USD Million)
  107. Argentina, 2021-2031F (USD Million)
  108. Mexico, 2021-2031F (USD Million)
  109. Rest of Latin America, 2021-2031F (USD Million)
  110. Middle East & Africa Advanced Therapy Medicinal Products Market Outlook
  111. By Product
  112. By Disease
  113. By End User
  114. By Country
  115. GCC, 2021-2031F (USD Million)
  116. Israel, 2021-2031F (USD Million)
  117. South Africa, 2021-2031F (USD Million)
  118. Rest of Middle East & Africa, 2021-2031F (USD Million)

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Inflation and Looming Recession to Haunt Businesses:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

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Global Salt Hydrate Market Overview

Salt Hydrate is a crystalline form of salt that is linked to some specific number of water molecules. The name hydrate salts arise due to the incorporation of water molecules into the crystalline structures of salts. Salt hydrates could be found naturally occurring in the environment or can be artificially synthesized. Application of salt hydrates for air-conditioning buildings, food and beverages refrigeration, pharmaceutical and medical products storage and others is expected to propel the salt hydrates market robustly in various end-user industries on account of their wide range of uses. Salt hydrates used as PCM solutions are further expanding the market across various industry verticals.

Market Size & Forecast

Salt hydrate market is anticipated to record a significant CAGR of 9.2% over the forecast period. Many multi-national companies are concentrating towards new product advances in salt hydrate. Moreover, the many advantageous properties of salt hydrate are exploited in the field of construction and medicine now and then. New uses for salt hydrate derivatives are discovered through research and development which is expected to drive the Salt Hydrate market rapidly. Currently the global salt hydrate market is observing vibrant growth owing to increasing demand of in-built residences and offices with cooling systems on account of increasing global warming. Advancements in pharmaceutical industry in the past few years and growing healthcare explorations is projected to drive salt hydrate market besides the wide range of functions of salt hydrate in an immense range of products such as medicines, PCM solutions, thermo-regulators and more during the forecast period. On the basis of regional platform, global Salt Hydrate market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

As a precursor to refrigeration in pharmaceutical industry, North America is panned to observe substantial salt hydrate market growth due to rising salt hydrate usage as phase change material. North America is estimated to be followed by Asia Pacific in terms of consumption due to expanding salt hydrate requirements in building and construction industries. On the back of increasing usage of salt hydrate in residential and commercial building due to the location of the region across the temperate zone of the globe and global warming hitting around the climatic conditions of countries such as India, China and others adversely, Asia Pacific is budding as a regional salt hydrate consumption market.

Europe is expected to drive demand and positively impact salt hydrate market growth over the forecast period owing to increasing salt hydrate application for storing and phase changing process. However, weak economic conditions in countries such as Russia, Spain and others and lower industrialization rate is expected to showcase a more modest growth of the salt hydrate market across the region.CLICK TO DOWNLOAD FREE SAMPLE

Salt Hydrate Market Graph

Market Segmentation

Our-in depth analysis of the global Salt Hydrate market includes the following segments:

By Salt Types

  • Copper Salt
    • Cupric Sulfate
    • Copper Sulfate
  • Table Salt

By End-User Industries

  • Pharmaceutical
  • Building & Construction
  • Food & Beverages
  • Electronics
  • Others

By Region

Global Salt Hydrate Market is further classified on the basis of region as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Salt Hydrate Market Graph
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Growth Drivers & Challenges

The rising demand for salt hydrate and its by-products for various processes in pharmaceutical, textile, electronic and construction industries are expected to drive the market rapidly over the forecast period. The growing R&D activity associated to salt hydrate is further expected to increase the market growth owing to the discovery of new applications of it. Properties of salt hydrates such as high energy storage density, relatively good thermal conductivity with multiple source availability at comparatively rational prices are estimated to drive the salt hydrates market sturdily in various end-user industries. Rapid industrialization and economic development with thriving manufacturing sector is expected to boost the salt hydrate market across the developing regions of the world.

Moreover, increasing emission of carbon dioxide and rising fossil fuel consumption, sensible heat and latent heat storage has gained significant attention that is predicted to propel the salt hydrates market sturdily. The use of PCMs in industrial waste heat utilization, aerospace field, electric peak-shaving and more is anticipated to contribute significantly in the salt hydrate market expansion over the forecast period. Applications of salt hydrates in concentrated solar domestic hot water systems and in energy-effective construction industry are predicted to impact the salt hydrate market appreciably across the globe.

However, corrosion of salt hydrates with mild metals leading to severe safety risks in building along with enthalpy decreasing caused by operational thermal cycling may lead to slower adoption of salt hydrates by small industrial manufacturers leading to slower growth of the salt hydrate market across the developing regions over the forecast period.

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