Seattle, WA -- (SBWIRE) -- 03/11/2020 -- Bio-butanol is an alcohol that is used as a fuel or organic solvent. This solvent is prepared by fermenting sugar, starch or cellulosic feedstock such as wheat, sugar beet, corn, straw, and wood. Bio-butanol is used as a substitute to crude oil. They have higher octane number, larger flammability limits, higher flash point, and higher heat of vaporization, which makes it a good fuel option. Bio-butanol easily blends with gasoline due to its low vapor pressure. It has the potential to generate energy equivalent to gasoline and is non-corrosive in nature, owing to which it is considered to be of greater advantage compared to bio-ethanol.

Bio-butanol has applications in cleaner, adhesives, jet fuel, synthetic rubber, solvent in paints, bio-based plastics, and fibers. They are also expected to meet 20% of the demand for fuel, globally. Growing demand for clean energy, is the major factor that is expected to boost demand for bio-butanol. Bio-butanol exhibit polymer chain formation and blending properties, owing to which it finds its application in products such as acrylates, acetates, glycol ethers, solvents, and plasticizers.

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Bio-butanol Market Taxonomy

On the basis of raw material, the bio-butanol market is segmented into:
- Wheat
- Sugar beet
- Corn
- Straw
- Wood
- Others

On the basis of application, the bio-butanol market is segmented into:
- Acrylates
- Acetates
- Glycol Ethers
- Solvents
- Plasticizers
- Others

On the basis of end users, the bio-butanol market is segmented into:
- Petrochemical Industry
- Automobile Industry
- Aviation Industry
- Consumer Goods
- Textile Industry
- Others

Lack of availability of raw material is a major concern associated with bio-butanol preparation, which, in turn, increases the cost of the product, and this is expected to restrain the market growth. Bio butanol is used as a fuel for internal combustion engines in the petrochemical and automotive industry. Bio-butanol has the potential to reduce carbon emissions by 85% as compared to gasoline.

Bio-butanol Market Outlook

North America is expected to hold the largest market share, owing to low temperature weather in most of the countries of the region. Europe is the second-largest market, globally. Significant investment in R&D in these regions has resulted in alternatives for petroleum derived fuels.

Asia Pacific is expected to be the fastest growing market over the forecast period due to the rising population in the region, which in turn, is increasing the demand for cleaner fuel for transportation as well as greener paints and coatings to support the growing construction industry in the region. India and China are expected to be major growth engines due to growing aviation and transportation industries in the countries.

Key Developments

- In July 2018, SilicoLife (designs optimized microorganisms and novel pathways for industrial biotechnology applications) was awarded with SME instrument phase 1 grant for commercial evaluation of its BUTANOVA technology, a biological process for production of butanol. SME Instrument is a grant provided by the European Commission under the European Innovation Council pilot. The major objective of the new grant is to evaluate the new technology and a marketing strategy for the new cost competitive alternative for production of bio-butanol.

- In June 2018, Kreussler Inc. (a manufacturer of textile care products) entered into a partnership with Green Biologics Ltd. (a bio-based chemicals manufacturer) to launch new bio-based dry cleaning solvent SYSTEMK4. Green Biologics used its patented fermentation process to convert corn into bio-butanol used to produce SOLVONK4, main solvent in the SYSTEMK4 dry cleaning solvent.

- In 2017, Butamax Advanced Biofules LLC (JV between BP and DuPont) acquired Nesika Energy, LLC (manufacturer of bio-ethanol). Butamax started production of bio-butanol at Nesika's manufacturing facility located in Kansas (U.S.). The new facility helped Butamax to expand its production capacity of bio-butanol.

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Some of the key companies operating in the market include Bioenergy International, Butalco GmBH, Cobalt Biofuels, and Arbor Biofuels, backed by oil manufacturers such as TetraVitae Biosciences, and Metabolic Explorers.

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Seattle, WA -- (SBWIRE) -- 03/11/2020 -- Flavor enhancer is a chemical substance added to processed food and beverages to enhance flavor. Flavor is one of the main components in food ingredients. Modernization and globalization are important factors that have driven demand for flavor enhancers. In this market, food manufacturers and supplies of processed foods are faced with the challenge of meeting demand of the growing population, the consumer demand for low-fat, low-carbohydrate and low salt diet are some of the major factors which are driving growth of flavor enhancer market. Due to increasing number of working women and growing awareness about artificial food and beverages flavor enhancers, there has been an increase in demand for natural flavor enhancers. The flavor is playing an important part in the development of flavor enhancing compounds. Flavor enhancing compounds can be produced by biotech method which are known as natural compounds. The higher consumption of desserts and increasing application of innovative technology is projected to expand the growth of flavor enhancing market during the forecast period. The regulatory limitations, high entry barrier and increasing raw material prices are some of the factors which are affecting the growth of flavor enhancer market.

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Global Flavor Enhancer Market Taxonomy

On the basis of source type, the global market is classified into:
- Natural Flavoring Enhancer
- Artificial Flavoring Enhancer
- Nature Identical Flavoring Enhancer
On the basis of product type, the global market is classified into:
- Glutamates
- Nucleotides
- Yeast Extracts
- Acidulants
- Hydrolyzed Vegetable Protein
- Others

On the basis of form type, the global market is classified into:
- Liquid
- Powder
- Semi-liquid

On the basis of application, the global market is classified into:
- Beverages
- Processed foods
- Meat and fish products
- Dairy
- Bakery
- Others

Food flavors and enhancers have wide application in the beverage industry and account for majority of the share in the global flavor enhancer market, followed by dairy and bakery products. Based on source type, there has been a rise in consumer preference for natural flavors compared to artificial flavor enhancers. This is expected to boost growth of the global flavor enhancer market. The requirement of a wide number of natural resources to extract flavors and enhancers is one of the key constraints in the natural flavor enhancer industry.

Global Flavor Enhancer Market Outlook-

- Of the main global region, the flavor enhancers market is large in North America, followed by Asia Pacific and Western Europe. The North America and Europe markets contribute to over half of the worldwide consumption of the flavor enhancers. Flavor enhancers in powdered form are most commonly used as they are easier to use compared to liquid and semi-liquid forms, therefore the Natural Flavoring Enhancer segment is expected to account for the largest share in the flavor enhancer market. There is a growing demand for processed food in Asia Pacific region which is likely to surpass the global flavor enhancer market. Decrease in food intake due to numerous sensory, metabolic and pharmacologic factors and lower rates of nutrient absorption have been observed in the global market which has led to technological innovations which are predicted to facilitate growth of the flavor enhancer market over the forecast period. Monosodium Glutamate (MSG) is most commonly used as a flavor enhancer in savory products.

Salt, as a natural flavor enhancer has its own negative effects when consumed in large quantities. Large consumption of salt contributes to heart disease and high blood pressure. In the EU-Funded Taste Project, the researchers deduced that 'Brown Algae' can be used as a substitute for salt which can reduce salt content of industrially processed foods. In July 2016, PLT Health Solutions launched PhytoShield Flavor Enhancer that improves product quality and delivers antimicrobial property which led to longer shelf life of the flavor enhancer product.

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Key Developments-

In 2017, PureCircle launched stevia leaf based flavor enhancers. The new flavors enhancers will augment both cocoa and vanilla flavors. The new product can be labelled as natural flavors on product ingredient labels. The product launch helped the company to expand its product portfolio.

- In January 2019, Archer Daniels Midland Co. (ADM) acquired Florida Chemical Co., manufacturer of citrus-based flavors and fragrances. Florida Chemical Co. manufactures citrus flavor materials, essential oils, and flavor enhancers for grapefruit and other citrus. The acquisition will help ADM to strengthen its position in the citrus-based flavor enhancer market.

- In September 2018, Firmenich SA (Switzerland-based fragrance and flavor company) acquired Senomyx Inc. (US-based biotechnology company producing flavor enhancers and sweeteners). The acquisition has helped Firmenich to strengthen its position in global flavors market.

- In 2017, Bell Flavors & Fragrances launched Sweetech, a new flavor enhancer for food and beverage industry. The new flavor enhancer can reduce sugar by 20-50% in food & beverages without compromising on taste.

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Some of the key players in the global flavor enhancer market are International Flavors & Fragrances Inc. IFF, Givaudan, FIRMENICH SA, Takasago International Corporation, Sensient Technologies Corporation, Mane, Senomyx Inc., Innova and DuPont Nutrition & Health, A & Z Food Additives Co. Ltd., Kerry Group and Symrise.

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seattle, WA -- (SBWIRE) -- 03/11/2020 -- The market is projected to witness considerable growth in terms of volume over the forecast period due to technological advancements in the packaging industry. Moreover, factors such as ease of transportation & handling, eco-friendly nature, and lower cost of tube packaging materials are playing an important role in the growth of the tube packaging market.

The tube packaging materials commonly used include plastic, metal, brick cartons, paper, cardboard, and glass. These materials are used in various end-use industries dependent on packaging requirements. For instance, aluminum and tin are used to store food & beverages in cans. This is due to corrosion resistant properties of these metals, which ensure that the product is not contaminated. Similarly, alcohol is typically stored and sold in glass bottles, as it looks visually appealing and has a longer shelf life than plastic bottles.

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Based on material type, the laminated segment held the largest market share in the industry in 2017. Laminate tubes are made from several film layers assembled by heat, pressure, or adhesives, in order to achieve improved oxygen, water or light resistance, or better appearance. Laminate tubes are manufactured with plastic and aluminum layers. The combination of layers is selected to minimize cost and maximize the quality of the tube.

End users of packaging materials include food and beverages, electronics, pharmaceuticals, personal care, textile, consumer goods, and chemical processing industries. The largest share is held by food and beverages packaging segment due to increasing consumption of packaged food in emerging economies. According to Department of Industrial Policies and Promotion (DIPP), India received US$ 6.82 billion worth of foreign direct investment (FDI) for the food processing sector during the period 2000-2016, for improving and promoting the food processing industry.

Favorable growth of end-use industries such as food & beverages, pharmaceutical, and personal care across the globe has created high growth opportunity for manufacturers in the tube packaging market. According to the International Trade Association report, the global market for pharmaceuticals is expected to reach US$ 1.3 trillion by the end of 2020. Total sales of pharmaceuticals in the U.S. were US$ 333 billion in 2015, which was triple the size of sales in China. Total exports in the U.S. personal care and cosmetics market amounted to US$ 10.4 billion in 2015 and grew at an average rate of 15% from 2015 till 2017.

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Stringent government regulations regarding tube packaging materials are expected to hamper the tube packaging market growth. However, technological advancements in the packaging industry are predicted to drive demand for tube packaging in the near future. International Standard of Organization (ISO) imposed standards on the packaging. For instance, ISO 18604:2013 specifies the requirements for packaging which are recoverable in the form of material recycling while accommodating the continuing development of both packaging and recovery technologies and sets out procedures for assessment of meeting its requirements. Manufacturers need to meet such standards in order to maintain their product quality and compete in the global market.

The global tube packaging market was pegged at 36.00 billion tons in 2017 and is expected to register a CAGR of 8.1% in terms of volume, over the forecast period (2018 – 2026).

Europe is the fastest growing region and held the largest market share of about 30.0% in 2017, owing to widespread adoption of tube packaging in oral care and cosmetic industries. Availability of a wide-range of tube packaging solutions along with rising demand for convenient packaging is projected to fuel the market growth in Europe in the near future.

Furthermore, companies are focused on developing new technologies to expand their market share. For instance, in May 2017, World Wide Packaging Inc. launched a groundbreaking tube decorating technology known as Direct Flexo Imaging (DFI), which utilizes high-resolution print imaging.

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Players operating in the global tube packaging market are adopting various growth strategies such as mergers and acquisitions and business expansions to cater to increasing demand for tube packaging. For instance, in July 2018, CCL Industries completed the acquisition of Treofan Americas. Treofan Americas manufactures and supplies polypropylene films for packaging, labeling, and specialty film markets and offers to package and label films, coated flexible packaging films, tobacco films, and technical films.

Major players operating in the global tube packaging market include Albea S.A., Amcor Limited, Essel Propack Limited, Sonoco Products Company, World Wide Packaging Inc., Montebello Packaging Inc., VisiPak, Inc., Intrapac International Corporation, and CCL Industries Inc.

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seattle, WA -- (SBWIRE) -- 03/11/2020 -- Blister packaging is a plastic packaging that are used for pharmaceuticals, small appliances, and consumer goods. These packaging are mainly used for protecting the packaged material from air, moisture, and contamination from external sources. Blister packaging's advantages over alternatives include cost-effectiveness, enhanced durability, tamperproof, improved shelf life, and lower risk of contamination. It is a hard material and protects from mechanical damage as well. Blister Packaging is versatile and can be designed to suit specific needs such as child-proof seals, individual pouches, and calendar packs.

Pharmaceuticals is the largest end-use industry in the blister packaging market. Tablets and capsules are widely sold in blister packaging. The added advantages are assurance of product safety and multiple product packaging. Despite its advantages, blister packaging is non-biodegradable and non-recyclable. This has led to environmental concerns regarding its large scale use, which are expected to hamper the market growth over the forecast period.

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Blister Packaging Market Taxonomy

On the basis of technology:
- Thermoforming
- Vacuum Forming
- Pressure Forming
- Cold forming

On the basis of blister packing machine:
- Plate Type
- Roller Type
- Roller-plate Type

On the basis of product type:
- Blister Cards
- Face Seal
- Full Face Seal
- Trapped Blister
- Full Card Blister
- Clam Shell
- Mock
- Two Piece
- Trifold

On the basis of material:
- Plastic Films
- PVC
- PET
- PE
- Others
- Paper and Cardboard
- SBS
- WLC
- Others
- Aluminum

On basis of end-use
- Pharmaceutical
- Electronics and Semiconductors
- Consumer Goods
- Others

On the basis of technology, blister packaging market is segmented into thermoforming, vacuum forming, pressure forming, and cold forming. Thermoformed plastics are versatile, lightweight, and aesthetically pleasing. Cold formed plastics have more tensile strength and stiffness. Clamshell packaging is used for consumer goods. They are usually transparent, in order to ensure that the consumer can see the contents of the packaging. Blister cards are used in pharmaceuticals industry, and they are manufactured by heat sealing a sheet foil. Plastic films, cardboard, and aluminum are used as blister packaging materials.

Blister Packaging Market Outlook

- Asia Pacific is expected to be fastest growing market due to growing pharmaceuticals industry, which has been driven by large populations in India and China. Moreover, rising geriatric and infant population has led to drive demand for medicines. Moreover, relatively low-cost healthcare in economies such as Thailand and India has boosted medical tourism in the region. Lax regulations have hindered exports to countries such as the U.S. and Canada. For instance, India-based manufacturer Ranbaxy was banned from drug sales in U.S. due to manufacturing and quality violations.

- North America and Europe markets are also expected to gain major traction due to high consumption of consumer goods and electronics. Moreover, the pharmaceuticals industry in these regions is matured and high prevalence of lifestyle diseases are expected to drive growth of the market.

- Middle East region population has high disposable incomes, which drives consumerism. Electronics and consumer goods are growing rapidly, driving the blister packaging industry as well. Decline in markets of Syria and Iran have been compensated by high growth in the GCC countries.

- Latin America is a growth engine, with Brazil positioned as the fourth largest pharmaceuticals market in the world. Argentina, Mexico, and Brazil are among the largest producers of non-patented generic drugs, which are exported to over 40 countries. Mexico being a member of North American Free Trade Agreement (NAFTA), has access to the lucrative markets of US and Canada, which has resulted in Mexico becoming a manufacturing hub for international pharmaceutical companies.

Alternatives to blister packaging such as Stretch and Skin packaging are gaining popularity due to increased performance. More durability, toughness, improved aesthetics and lower material use are advantages over conventional blister packaging.

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Key Developments

- In January 2019, Constantia Flexibles launched its new packaging system, Flexible Blister. The new packaging system will find application in oral dosage pharmaceuticals and can accommodate various specifications for sizes and shapes.

- In 2016, Constantia Flexibles launched "Blister Eco", a pharmaceutical packaging lidding foil for low barrier products, in the U.S. market. The lidding foil offers superior barrier properties and excellent in-line and off-line printability.

- In 2016, Klockner Pentaplast launched Pentapharm LiquiGuard, a new range of pharmaceutical blister films. The new film offers low leachability, high heat stability, odor & flavor retention, and one stage forming & packaging of hot-fill products. The product can be used in wide range of applications such as nutraceuticals, chewables, pharmaceuticals, unit dose liquids, veterinary, and formulations sensitive to flavor or odor loss packaging.

- In May 2019, Bellwyck Pharma Services, expanded its blistering capabilities by adding a new blistering line at packaging facility located in Ontario, Canada. The new machine has cold form, thermo form and deep draw blister capabilities. The expansion will help the company to meet increasing demand for blister packaging.

- In 2017, PCI Pharma Services acquired Millmount Healthcare, a pharmaceutical and healthcare contract packaging services provider. Millmount offers blister packaging, cold chain packaging, and bottling & tube filling services. The acquisition will help PCI Pharma Services to expand its market presence.

The major players in the blister packaging market include Constantia Flexibles, E.I. du Pont de Nemours and Company (U.S.), Klockner (Germany), Honeywell International Inc. (U.S.), Tekni-plex, Inc. (U.S.), and Display Pack, Inc. (U.S.).

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

seattle, WA -- (SBWIRE) -- 03/11/2020 -- Asparagus is a green leafy vegetable with long and pointy spears and are basically grilled, roasted and steamed for consumption. It is a springtime vegetable and is predominantly grown in Michigan, California, and Washington State. It is expensive compared to other vegetables, as it is a seasonal crop. The biggest producers of asparagus are Peru, China, Germany, and the U.S. Moreover, asparagus is harvested once they grow 6-8 inches in length. Its consumption aids in lowering the blood pressure and enhances digestion.

The global asparagus market is estimated to be valued at US$ 28,000 Mn in terms of revenue and was pegged at 8,400 KT in terms of volume in 2018.

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Drivers:

Growing awareness about the health benefits of asparagus among the consumer, such as it is rich in fiber, folate, and vitamin K is expected to propel the market growth. Moreover, it enhances the immunity and function of the brain and also promotes healthy digestion, thereby fueling their demand, which, in turn, is expected to boost the market growth. Furthermore, it is highly rich in antioxidants that promote healthy and glowing skin. This factor is also expected to foster the market growth over the forecast period.

Growing consumption of asparagus as pickle since its shelf-life can be extended by adding preservative or by keeping asparagus in brine are expected to foster the market growth. Asparagus products are preserved by using preservative and can be consumed throughout the year. Brine and pickled asparagus are available in cans, bottles, or glass jars in the market. Hence, this factor is expected to propel the demand for asparagus, which in turn is expected to fuel the market growth.

Among regions, Europe is expected to dominate the global asparagus market in 2018, accounting for 35% share in terms of volume, followed by Asia Pacific and North America, respectively.

Market Restraints

Asparagus has been sold by using direct marketing strategy and some farmer set up stalls at villages to encourage the sale of organic products, direct marketing is less profitable as they sell the product at cheaper rates, this factor is expected to hamper the market growth. Moreover, distribution of product through direct marketing is relatively weaker in the emerging economies as compared to a developed economies, hence, this factor is expected to hamper the market growth over the forecast period.

Market Opportunities

Increasing launches of organically farmed asparagus products is expected to offer immense growth opportunities to the key players of asparagus market. For instance, in September 2017, Desert Farms has announced that it will launch an organic green asparagus product for the upcoming season. The California/Mexico-based asparagus producer will grow the new product line alongside their existing operations in the Sonora region in Mexico and the harvest is expected to last between January and April 2018.

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Increasing partnerships between major producers in the market are expected to propel the market growth over the forecast period. For instance, in April 2019, Applewood Fresh Growers LLC entered into partnership with New Era's American Asparagus to offer fresh Michigan asparagus in addition to its apples. Michigan is now the largest asparagus growing region in the U.S. Therefore, rising number of partnerships among key producers is expected to offer immense growth opportunities to the market players over the forecast period.

Among type, fresh segment is estimated to account for the largest market volume share of 73% in 2018, in the global asparagus market.

Market Trends

Increasing year-round production of asparagus is expected to boost the market growth. Traditionally, asparagus was a seasonal crop, but now it is a grown year-round and is available in the market any time of the year. In addition, increasing visibility and availability, at a cheaper cost is expected to fuel the demand and also the growth of the global asparagus market over the forecast period.

Competitive Section:

Players operating in the market include Altar Produce LLC, Sociedad Agricola Viru, DanPer Trujillo S.A.C., Limgroup B.V., TEBOZA BV, ILIOS - The Greek Asparagus Company, BEJO SEEDS LTD., Spargelhof Elsholz Gbr, Cutter Asparagus Seed, JERSEY ASPARAGUS FARMS, INC., Consorzio Associazione Produttori Ortofrutticoli Foggia, Mazzoni Vivai, and California Asparagus Seed and Transplants, Inc.

Few Recent Developments:

Altar Produce LLC
- The company focuses on offering organic, as well as conventional asparagus, in order to expand its customer base

Sociedad Agricola Viru S.A.
- The company focuses on adopting new technologies for preservation or products
- Viru adopted IQF (Individually Quick Frozen) freezing system that aids in preserving vegetables and maintain product characteristics such as flavor, color, and others

DanPer Trujillo S.A.C.
- The company is focused on offering asparagus products that are frozen and canned, in order to enhance its customer base. It also focuses on offering fresh asparagus for application in various sectors such as food.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

seattle, WA -- (SBWIRE) -- 03/11/2020 -- Anti-counterfeit packaging is for preventing brand imitation. It offers brand protection and allows customers to distinguish between original and their counterfeit. Product imitations of clothing, electronics, pharmaceuticals, and other consumer products are of poorer quality and do not meet stipulated safety standards. These imitations are sold in violation of law and cost the company vital revenue and affect brand image. For instance, according to the Organization for Economic Co-operation and Development (OECD), counterfeiting costs the global economy US$ 250 Bn per year. Moreover, around 10% of pharmaceuticals across the globe are counterfeit, according to the WHO. Counterfeiting can take place anywhere across the supply chain and is difficult to regulate.

The major drivers for market include consequences of using counterfeit product. Ingestion of counterfeit drugs may lead to serious health issues or death. Moreover, anti-counterfeit packaging are guarantors of product quality, which drives the product sales. However, factors such as significant cost incurred in adopting security measures and lack of awareness among consumers about product authenticity are expected to hamper the market growth over the forecast period.

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Anti-counterfeit Packaging Market Taxonomy

On the Basis of Technology
- Coding & Printing Technology
- RFID (Radio Frequency Identification)
- Hologram
- Security Labels
- Packaging Designs
- Others

On the basis of End user
- Pharmaceuticals & Healthcare
- Food and Beverages
- Industrial
- Automotive
- Clothing & Apparel
- Consumer Goods
- Others

The market is segmented into four segments, based on the type of usage feature. Track and Trace features allows determination of location of products.  Overt features are visible to the naked eye and are tactile. Covert features are only visible to trained personnel using specialized tools and forensic features, and can only be observed in laboratory settings. Tamper Evidence packaging is designed to reveal any interference with product.

Pharmaceutical and Food & Beverages are the largest end-user industries of the market. Increasing tampering and adulteration of food and medicines, have led companies to increase security measures, which is expected to drive the anti-counterfeit packaging market over the forecast period.

Anti-counterfeit Packaging Market Outlook

- Europe and North America are the largest markets for anti-counterfeit packaging. This is attributed to stringent regulations about counterfeit sales and manufacture in these regions. Particularly, the rise in counterfeit online products has plagued these regions. Third party sellers on online platforms can easily evade detection and source products from other countries. This makes counterfeiting measures vital in these regions as they are the largest consumer markets in the world.

- Asia Pacific is the largest market for counterfeit pharmaceuticals. For instance, in September 2016, the World Customs Organization (WCO) seized 113 million counterfeit tablets bound for Africa out of which 97% were manufactured in India and China. As the awareness among manufacturers and consumers are rising about counterfeiting, the market is expected to witness fastest growth in the region during the forecast period.

- In Latin America, Brazil, Mexico, and Argentina are among the largest producers of generic drugs. Copying of branded drugs is a major issue, with lenient regulations regarding brand protection. This trend is expected to reverse and the region is slated to boost the growth as countries introduce new counterfeit legislation.

- In Middle East, GCC countries have strict border regulations, which has ensured minimal counterfeit product penetration. Moreover, strict commercial legislation in countries such as Saudi Arabia and UAE has driven the market.

- Africa is a major victim of counterfeit drugs. Poverty stricken countries in this region are reliant on medical aid from other regions. Lack of awareness has resulted in a booming counterfeit market. With increasing economic growth in the region and rising literacy rate, the anti-counterfeit packaging market is expected to grow in this region.

Key Developments:

- In July 2019, Amazon expanded their transparency anti-counterfeit codes to India, Europe, and Canada. Amazon first launched transparency anti-counterfeit codes in the U.S. to counter counterfeit e-commerce products

- In June 2017, TruTag Technologies, a leading authentication and technology solution provider, developed microtags or "TruTags," dust-sized particles which can be fused into labels/packaging or into the devices and drugs. The microtags are made from high-purity silica, which can carry a large amount of digital information and can then be used for product authentication, identification, traceability, and others.

- In April 2016, Applied DNA Sciences Inc. (ADNAS) entered into a partnership with Nissha Printing Company and KishuGiken Kogyo Co. Ltd. (KGK) to develop their SigNature DNA markers. These markers were developed to fight counterfeit products by using it in packaging materials and on pharmaceutical tablets.

- In December 2015, Nutritional Brands, a U.S.-based company started using holographic, tamper-evident films across their product portfolio, in order to counter counterfeit products.

- In July 2015, Constantia Flexibles launched a new tamper-evident opening system called Constantia TEOS for packages enclosing medical devices. This system was developed for syringes housing TNF Blockers (tumor necrosis factor inhibitors).

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The major players operating in the anti-counterfeit packaging market include SICPA Holding SA, Applied DNA Sciences Inc., SAVI Technology, Inc., Authentix Inc., Avery Dennison Corporation, CCL Industries Inc., 3M Company, E.I. du Pont de Nemours and Company, and Zebra Technologies Corporation.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Seattle, WA -- (SBWIRE) -- 03/09/2020 -- Nutricosmetics are oral based nutritional supplements for beauty and skin health. Nutricosmetics market is primarily driven by the expansion and consumer awareness in personal grooming coupled with busy lifestyle of the growing urban population. Nutricosmetics are health products which are mainly used for the treatment of hair, nail, skin defects, sun protection and photoaging. Photoaging is aging mainly caused due to exposure to ultraviolet (UV) light which causes brown spots and deep wrinkles. Antioxidants such as vitamin E and C, green tea polyphenols, beta carotene, supplements containing polypodium leucotomos, an extract of a Central American fern plant, and synergistic antioxidants have the ability to reduce sun damage. Other micronutrients such as carotenes, flavonoids, and omega-3 fatty acids also provide protection from ultraviolet light exposure and reduce the aging of skin and wrinkle formation. Some of the key factors fuelling growth of the nutricosmetics market are the increasing number of retail shops across the globe, rising popularity of ready-to-drink nutricosmetics beverages, preference for effective and safe beauty solutions. These factors are boosting sales of cosmetics supplements, and increasing consumer awareness regarding the prevention of pre-mature skin aging. Demand for skin care products is increasing across the globe. Moreover, the global cosmetics market is expected to exhibit a CAGR of 5.2% in terms of revenue during 2017-2025, which, in turn, is expected to drive the demand for nutricosmetics over the forecast period.

The global nutricosmetics market size was valued at US$ 5.00 billion (revenue) in 2016 and is expected to expand at a CAGR of 11.65% in terms of revenue during 2017 – 2025.

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Nutricosmetics: Success and Failures

Factors such as rapid innovation and technological advancements are expected to benefit growth of the nutricosmetics market. For instance, in the U.S., Mars, a food packaging company, launched Dove Beautiful (containing biotin, zinc and vitamins E and C) and Dove vitalize (containing dark chocolate enriched with vitamin B). These products, in spite of high investment in product promotion failed to gain consumer demand in the U.S market. Nutricosmetics products are subject to market regulations in Europe. For instance, in October 2010, European Food Safety Authority's (EFSA) approved the launch of Nesfluid, a functional beverage along with other ingredients such as zinc, vitamin C and D, and selenium by Nestle. The consumer base for nutricosmetics has increased over time. Wellman Tricologic, a popular anti-hair loss product for men has facilitated its demand in the Europe market.

Regional Insights

Europe, followed by North America and Asia Pacific, respectively, accounted for major share in the global nutricosmetics market in terms of revenue in 2016 and the trend is estimated to remain the same over the forecast period. In 2016, North America held a share of 26.12% in terms of revenue, followed by Asia Pacific (24.03%). The growing demand for personal grooming and busy lifestyles in Asia Pacific due to rising consumer awareness, coupled with growing retail sector is expected to drive growth of the global nutricosmetics market over the forecast period. The vitamins segment in the global nutricosmetics market is expected to witness a CAGR of 11.65% from 2017 to 2025. Asia Pacific is expected to be the most lucrative market during the forecast period, due presence of rapidly growing economies such as China and India, coupled with rising healthcare awareness, which in turn is expected to propel the consumer demand for nutricosmetics. Moreover, the growing retail sector across the region is also expected to boost demand for nutricosmetics from 2017 to 2025.

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Frutarom Ltd, Lucas Meyer Cosmetics S.A.S., Sanofi-Aventis U.S. LLC, Croda International Plc, and Pfizer Inc., Functionalab Inc, Laboratoire Oenobiol S.A.S., Laboratoires Inneov SNC., Beiersdorf Ag, BASF SE, Borba, Inc., Frutels LLC, ISOCELL SA, GlaxoSmithKline Pharmaceuticals Limited, ExcelVite, Denomega Nutritional Oils AS, Groupe Danone SA, IMCD Group BV, Lonza Group Ltd. among others are the key players operating in the global nutricosmetics market. Expansion of product portfolio and geographical capacity is expected to aid growth of the market in the near future. For instance, ALPI Candy Factory has expanded its manufacturing units in Croatia and Greece for the manufacturing of nurticosmetic products such as deo toffee, deo lavender with sugar and without sugar, which is expected to expand growth of the global nutricosmetics market.

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seattle, WA -- (SBWIRE) -- 03/09/2020 -- Guar gum also known as gellan gum is a natural polymer that is extracted from the guar seed. It is a powdered product, which is used for stabilizing, emulsifying, and thickening the texture of certain foods and industrial products. Guar gum has property to attain high viscosity in low concentrations due to non-toxic in nature, low calories, and high fibers. Due to these properties, it finds application as additive in foods and beverages such as bottled coconut and almond milk, yogurts, soups, and fiber supplements. There are numerous other application of guar gum, which include body lotions and DIY beauty recipes. The food industry accounts for 70% revenue share in guar gum market. Moreover, its colloidal nature and emulsifying property make it ideal thickening agent. However, fluctuating oil price, oversupply and gradual emergence of superior alternatives are some of the factors that are expected to restrain growth of the market.

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Guar Gum Market Taxonomy

On the basis of grade:
- Food Grade
- Industrial Grade
- Pharmacy Grade
- Others

On the basis of application:
- Thickening Agent
- Emulsifier
- Stabilizer
- Gelling Agent
- Bonding Agent
- Fracturing Agent
- Flocculent
- Preservation Agent
- Water Retention
- Others

On the basis of end-use industries:
- Food & Beverages
- Textile
- Pharmaceutical
- Mining & Explosives
- Oil and Gas
- Cosmetic
- Defense
- Paper
- Others

Food industry is a major end user of guar gum, owing to its properties such as stabilizer, thickener, and emulsifier. It is used as a stabilizer in the food industry for stabilizing ice-creams, instant puddings, cheeses, and whipped cream substitutes, and also used as a meat binder. It is also suitable for use in painting, printing, fire control, dyeing, and textiles. These factors are expected to drive growth of market. However, health risk associated with addition of guar gum in processed foods such as digestion issues and gut reactions are expected to hamper growth of the market.

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Guar Gum Market Outlook

- Asia Pacific accounts for smaller market share for guar gum consumption. However, it is a major raw material source for guar seeds. 80% of the world's guar is produced from India in Rajasthan, Gujarat, and Haryana. Currently, guar gum is used in the food, textile, and pharmaceutical industries in the Asia Pacific region.

- North America and Europe are the largest markets for guar gum powder due to application in the food industry as an additive and oil industry as a fracturing agent. Hence, increasing drilling activities in the U.S. shale industry has increased the demand for guar gum, thus expected to drive the market growth over the forecast period.
- Africa is a small player in this market and is not expected to experience much growth over the forecast period.

- Latin America is expected to witness significant growth in the guar gum market. The productivity of processed foods such as cheese, sausages, soups and animal feed preparations is expected to fuel demand and adoption of guar gum.

Key Developments:

- In March 2019, VIKAS WSP Ltd, a leading manufacturer guar gum powder received approval for export of their DP guar gum products for utilization in fertilizer stabilizing applications.

- In December 2016, Ingredion Incorporated, a global leader in providing ingredient solutions acquired all the outstanding shares of TIC Gums Incorporated. TIC Gums is a U.S.-based company providing advanced texture systems for the F&B industry. TIC Gums had the right to use variety of agriculturally derived ingredients, such as guar gum, and acacia. These natural ingredients forms the foundation for innovative solutions while allowing clean-label reformulation.

- In September 2014, a member of the World Bank Group - IFC (International Finance Corporation), had invested $27.5 million in Lucid Colloids, India-based guar gum producer. This investment had supported the company's expansion plans for setting up two guar splitting plants in Rajasthan, a R&D facility, and a guar gum plant in Gujarat.

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Propel SSP, manufactured by Fairmount Santrol Company, based in the U.S., is an alternative to guar gum proppant, which is cheaper and technically superior alternative. Though, currently in research and trial stage, Propel SSP market is expected to grow due to the successful trials in Marcellus and Utica shale, which is expected to hinder growth of market. Major players operating in the Guar Gum Market include Penford Corp., TIC Gums, Inc., Lucid Group, Vikas WSP Limited, and Ashland Inc.

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seattle, WA -- (SBWIRE) -- 03/09/2020 -- Allulose is a sweetener that offers taste and texture of sugar and has 90% less calories compared to sugar or other sweeteners. Due to its unique oxygen and hydrogen structures, allulose composition is very similar to fructose and glucose. This slight contrast permits the sugar substitute to replace an adequate amount of table sugar, while maintaining the sweetness level up to 70%.

Increasing demand for processed frozen food, bakery, and confectionery is expected to drive growth of allulose market. Moreover, increasing diabetic patients and rising health awareness are expected to fuel demand for low-fat food products such as allulose, which is further expected to drive the market growth over the forecast period. In addition, rising working population in urban areas and growing demand for ready to eat food in economies such as India and China are expected to drive the allulose market growth in Asia Pacific region.

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Allulose Market Taxonomy

On the basis of product type,
- Liquid Form Allulose
- Powder Form Allulose

On the basis of application in products,
- Baked Goods
- Carbonated and Non-carbonated Beverages
- Rolls, Cakes, Pies, Pastries, Cookies, and Frostings
- Yogurt (Regular and Frozen)
- Frozen Dairy Desserts, Regular Ice Cream, Soft-serve and Sorbet
- Salad Dressings
- Jams and Jellies
- Chewing Gum
- Hard and Soft Candies
- Sweet Sauces and Syrups
- Gelatins, Puddings, and Fillings
- Fat-Based Cream used in Modified-Fat/Reduced-calorie Cookies, Cakes, and Pastries
- Coffee Mix
- Tabletop Sweeteners

Allulose is required to maintain the blood glucose level, which helps to reduce body weight, while other sweeteners adversely influence blood glucose level and cause obesity, these factors are expected to drive growth of the market.

Allulose Market Outlook – Shifting preference of Consumers towards Low Calorie Sweeteners in Asia Pacific is expected to Propel Demand for Allulose

Asia Pacific is expected to hold the largest market share over the forecast period, owing to major shifts in dietary patterns, diversified diets, increasing healthcare awareness, and nutritional transition in the region. For instance, Japan-based starch and dietary fiber organization Matsutani Chemical Industry Co. Ltd. is mainly focusing on the advancement of the allulose, and utilizing it as a low-calorie sweetener from last two decades.

Allulose Market Outlook – Advancement in Healthcare and Medical Sector

Factors driving the global allulose market growth includes decreasing spending on healthcare services, rising government activities to enhance healthcare services, transparency of information to patients, and advancements in technology.

Healthcare services provider mainly focusses on cloud-based healthcare services framework and value based solution, along with medical services, healthcare and medical products, development of online networking, and increasing number of diabetic patients, which are expected to fuel the allulose market growth.

Allulose Market Outlook – Government policies & Other Aspects is expected to Fuel the Growth for Allulose in Global Market

According to National Center for Biotechnology Information (NCBI) – the policies of trade liberalization suggest that urbanization over the past two decades have implications for increasing rates of obesity and chronic diseases such as cardiovascular disease and cancer. Moreover, growing urbanization and increasing working population are expected to propel growth of the allulose market. According to National Center for Biotechnology Information - Allulose supplements normalizes the body weight by regulation the human body metabolism, which is beneficial for obesity-related problems.
Allulose are produced from corn fructose starch, which adversely affect health and also posses' grave danger who have allergic reactions and gastrointestinal side effects. These factors are expected to hamper growth of the market. However, overweight and obesity causes high blood pressure, heart disease, liver disease, stroke, and osteoarthritis, which drives the allulose industry because of rising health concerns of the consumers.

Key Developments:

- Several government administrations are recognizing allulose as a nutrition product in food and beverages application. For instance, in April 2019, the U.S Food & Drug Administration (FDA) had published a draft guidance allowing allulose to be included in the carbohydrate line of the Nutrition Fact Panel rather than the 'Added Sugar' and 'Sugar' line of the Nutrition Facts Panel. This permitted the food & beverages manufactures in the U.S. to deliver products with lower calories and sugar by incorporating allulose in their products.

- Various companies are focusing on developing large scale production processes of allulose, in order to strengthen their foothold in the global market. For instance, in June 2018, Savanna Ingredients, a German-based start-up owned by Pfeifer & Langen IHKG developed a process for large scale manufacturing of allulose from sugar beets, using enzymes derived from nature.

- Moreover, in September 2019, Blue California, a South California-based ingredients manufacturer, announced commercialization of their natural rare sugar allulose produced from natural substrates using a patented bioconversion technology to manufacture a natural and non-GMO sweetener.

- Various companies participates in different events and exhibitions, in order to promote their product portfolio and enhance customer base. For instance, in November 2017, Allulite Nutrition, entered confectionery industry by launching Allulose-sweetened chocolate syrup at the Food & Nutrition Conference & Expo (FNCE) held in Chicago, U.S.

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Some of the key players operating in the global allulose market include Matsutani Chemical, CJ CheilJedang, and Tate&Lyle among others.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Hydro Chlorofluorocarbon Market - Global Industry - Key Players, Economic Impact, Cost And Revenue From 2020-2027 | GEA Group AG, Johnson Controls Inc. and United Technologies Corporation

Seattle, WA -- (SBWIRE) -- 03/06/2020 -- Hydro Chlorofluorocarbon (HCFC) Market - Global Industry Insights, Trends, Size, Share, Outlook, and Opportunity Analysis, 2018-2026

Hydrochlorofluorocarbon (HCFC) is a manmade compound, which is used as refrigerants, aerosols, and have application in foam manufacture. They are chemically similar to chlorofluorocarbons and exhibit similar properties such as low boiling points, which make them ideal to be used in foam blowing and refrigeration industry. Unlike CFCs, HCFCs are volatile and have low global warming potential. They are classified as VOCs, and rise up to stratosphere damaging the ozone layer, though are less potent than CFC's. HCFC's have replaced CFC's in many applications and are in the process of being phased out themselves. They have application in commercial refrigeration, foam blowing, and residential air conditioning, and are gradually replaced by hydro fluorocarbons (HFCs).

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Under the Montreal Protocol complete phase out of HCFCs is slated for 2020, in developed countries and 2030 in emerging economies. Developed countries have already adopted or are in the process of adopting natural or less harmful artificial alternatives on a large scale, resulting in the phasing out of HCFC market in North America and Europe.

HCFC Market Taxonomy
On the basis of type:
- HCFC 22
- HCFC 141b
- HCFC 142b
- HCFC 123
- HCFC 124
- HCFC 225ca
- HCFC 225cb
- HCFC 21
- Others
On the basis of application:
- Refrigeration
? Domestic
? Commercial
? Transport
- Large Scale Refrigerators
? Supermarkets
? Industrial
- Chillers
? Displacement
? Centrifugal
- Air Conditioning
? Portable
? Single Split
? Multi Split
? Mobile
- Foam Blowing
- Aerosol Propellants
On the basis of foam
- Polyurethane Foam (PU)
? Appliances
? Apparel Automotive
? Building & Construction
? Electronics
? Flooring
? Furnishing
? Marine
? Medical
? Packaging
- Polystyrene Foam (PS)
? Building & Construction
? Food Packaging
? Transportation
? Other Application
- Phenolic Foam
? Building & Construction
? Insulation
? Other Applications
- Others
? Automotive
? Building & Construction
? Packaging
? Other Applications

HCFC-22 was the most commonly used refrigerant, though it is being phased out in favor of HFC-134b. Similarly, in the foam industry, HCFC 141b and HCFC 142b are being replaced by HFC-245fa. HCFC 123 are used in centrifugal chillers and fire extinguishers, HCFC 124 have application in air conditioning equipment. HCFC 225ca and HCFC 225cb are used as aerosol solvents.

The largest end user is refrigeration, due to their adverse environmental effects, the market is rapidly shifting to HFC refrigerated systems, especially in the U.S. The stationary air-conditioning includes commercial and residential spaces, while mobile air-conditioning is employed in automotive and aviation industry. Rising disposable incomes in emerging economies has led to growth of automotive market, which in turn has driven the air-conditioning market, which is further expected to drive the market growth over the forecast period.

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Foam blowing market is also undergoing a shift to HFO, though large scale use is expected to take many years due to lack of large-scale manufacturing infrastructure.

HCFC Market Outlook

- The foam, refrigeration, and air-conditioning market has a scope for market growth in Asia Pacific and Africa markets due to high demand from end-use industries. Blowing agents are required in construction, packaging, and manufacture of appliances. The environmental concerns of ozone layer depletion and global warming has led to restriction of HCFC as refrigerant and blowing agent. Hence, Asia Pacific and Africa markets face a challenge of meeting market needs and reducing climate change at the same time. A shift from fluorocarbons to alternatives is expected during the forecast period.

- European Union has adopted measures, which go way beyond the requirements of the Montreal Protocol, and has actively promoted R&D for alternatives. HCFC usage in many industrial sectors has been completely phased out. Similarly, in North America, the refrigeration market has seen a shift in CO2 based refrigeration systems, which is expected to hamper the market growth.

- Latin American economies have also reduced usage of HCFC and other ozone depleting substances by 60% according to the UN Industrial Development Organization, despite burgeoning growth in refrigeration markets of Brazil and Chile. The region aims at a phase-out by 2030 meeting the Montreal Protocol requirements.

Major players operating in the hydrochlorofluorocarbon (HCFC) market include Honeywell International Inc, Exxon Mobil Corporation, E.I. du Pont de Nemours & Company, Harp International Ltd, Daikin Industries, Ltd., Arkema S.A., Sinochem Group, Solvay S.A., and ZEON Corporation. Furthermore, major players in the refrigeration market are The Danfoss Group, Emerson Electric Co., GEA Group AG, Johnson Controls Inc, and United Technologies Corporation.

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Cyanoacrylate adhesives, commonly known as instant adhesives are one-part, room-temperature curing adhesives available in a wide range of viscosities, which are known for fast and reliable bonds with instant high performance bonding of numerous materials, such as rubber, metals, wood, plastic and polystyrene. 90% of Instant Adhesives currently used for general purposes is ethyl cyanoacrylate and the rest is methyl cyanoacrylate. They are used due to instant bonding effect, even when used in low volumes. Instant adhesives would penetrate new markets if qualities, such as low bleaching and low odor are modified.

seattle, WA -- (SBWIRE) -- 03/06/2020 -- Instant Adhesives Market - Industry Insights, Trends, Size, Share, Outlook, and Opportunity Analysis, 2018-2026

Cyanoacrylate adhesives, commonly known as instant adhesives are one-part and room-temperature curing adhesives available in various viscosities, which are  known for fast and reliable bonds with instant high performance bonding of numerous materials such as rubber, metals, wood, plastic, and polystyrene. 90% of instant adhesives currently used for general purposes is ethyl cyanoacrylate and the rest is methyl cyanoacrylate. They are adopted due to its instant bonding effect, even when used in low volumes. Instant adhesives would penetrate new markets if it's low bleaching and low odor features are modified.

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Inferior heat and impact resistance, inferior pliability, inability to adhere a large area in one stroke, odor and whitening, and toxicity that may lead to skin disease are some of the major disadvantages of instant adhesives, which are expected to hamper growth of the market over the forecast period. Instant adhesives finds it applications in chemical, machinery and equipment, automotive industry, musical instruments, precision equipment, and domestic operations.

Instant Adhesives Market Taxonomy­­
On the basis of chemistry,
- Cyanoacrylate
? Methyl Cyanoacrylate
? Ethyl Cyanoacrylate
? 2-octyl Cyanoacrylate
- Others Epoxy-based
? Cold cure adhesives or two-part
? Heat cure adhesives or one-part
On the basis of substrate,
- Metal
? Steel
? Aluminum
? Others
- Wood
- Plastic
- Glass
- Composites
On the basis of curing process,
- Conventional Instant Adhesives
- Light-cured Instant Adhesives
On the basis of application,
- Industrial
- Woodworking
- Transportation & Automotive
- Consumer
- Medical
- Electronics
- Sporting Goods
- Aerospace
- Oil & Gas
- Others

Cyanoacrylate is mainly used for its one-solution, one-catalyst property along with excellent electric insulation and chemical resistance. Weak resistance to moisture and heat along with low shearing strength are restraining factors of instant adhesives. They are used as temporary adhesive in electronics, woodworking, medical, cosmetics, and forensics applications. Epoxy-based instant adhesives are mainly of two types such as cold cure adhesive and heat cure adhesive. Cold cure adhesives provides high strength bonding with fast curing at room temperature, wide range of viscosities with gap-fill versions, long term durability and uniform stress distribution, low odor and VOC content, resistance to cracking and abrasion with excellent adhesion to similar or dissimilar substrates. Hot cure adhesives are used above 100°C. They provide several advantages over solvent-based adhesives, which includes high shelf life with easy disposal without any special precautions.

Drying and curing step can be eliminated in hot cure adhesives. These adhesives provide greater and harder bond strength along with toughness, rigidity and high impact resistance. They have extensive applications in automotive, aerospace, electronics, bookbinding, packaging, medical, and oil & gas industry.

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Instant Adhesives Market Outlook
Adoption of instant adhesives in several end use applications, coupled with increasing demand for instant adhesive are expected to drive demand of instant adhesives in the global market. Improvement in adhesive technology for improved bond strength with variety of substrate types as well as the need to meet the strict environmental regulations are the key drivers for instant adhesive market. Evolution of automation in electronics and miniaturization industry, and medical and transportation are expected to fuel demand of instant adhesives over the forecast period.  Product quality, fast curing speed, ease of use, excellent bonding strength, and safety standards make instant adhesive preferred choice for costumers, where convenience and high performance is expected to be key driver.
 
Asia Pacific global adhesive market is expected witness significant growth due to increasing demand of instant adhesive in end user industries of emerging economies. Abundant raw material, low labor cost, and low tax rate makes China most dominant country in instant adhesive market. Countries such as India, South Korea, and Singapore are emerging players in this market. High standard of living, rising per capita income, and environmental friendly adhesives are expected to fuel demand for instant adhesive market over the forecast period.  

Growing automotive industry in North America has driven the instant adhesive market with second largest growing region in the market globally. Latin America, and Middle East markets are also growing at a significant rate, due to developing economic growth and increasing demand of instant adhesive in medical, electronics, and transportation sector.

Instant Adhesives Market Challenges –
Toxicity, flammability, acceptable drying time, and complying with environmental regulations are major restraining factors for instant adhesive market growth. Rapid conversion of instant adhesive into thermoplastic resin after coming in contact with moisture is another challenge to be tackled by the instant adhesive market. Moreover, high costs and low toughness of instant adhesives are also expected to hamper growth of the global instant adhesive market over the forecast period.

Companies are adopting various organic and inorganic growth strategies, in order to sustain their market position. Some of the key companies dominating the market include Henkel AG & Co. KGaA, H.B. Fuller, Huntsman Corporation, 3M Company, Bostik SA, Toagosei Co. Ltd., and Pidilite Industries.

 Instant adhesives Market Key Takeaways –
- In July 2019, Henkel invested US$ 45 Mn to upgrade its Salisbury NC adhesive plant in North America. The upgraded facility will include a new space for UV acrylic adhesives used for packaging tape & labels. The investment is mainly for strengthening the position of Henkel in North America region, which accounts for 25% of the company's sale.

- In November 2018, Henkel launched bonding kit for 3D applications including instant bonder, activator, primer, and cleaning products. The kit has been launched with the aim of providing easy bonding of prototyping parts used in 3D printing technologies.

In October 2018, Bostik, an Arkema company acquired Afinitica, specializes in instant adhesive (Cynoacrylates). Afinitica patented an innovative process for the manufacturing of cyanoacrylate monomers used for instant adhesives. Therefore, this acquisition enabled Arkema to develop a solid position in instant adhesives used for electronics, medical and other durable goods applications.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Marine lubricants are lubricants that are obtained during processing of crude oil, and are used in various marine ship applications such as engines, hydraulics, and compressors.

Seattle, WA -- (SBWIRE) -- 03/06/2020 -- Marine Lubricant Market - Global Industry Insights, Trends, Size, Share, Outlook, and Opportunity Analysis, 2018-2026

Marine lubricants are lubricants that are obtained during processing of crude oil, and are used in various marine ship applications such as engines, hydraulics, and compressors. These lubricants help maintaining low temperatures by dissipating the heat produced from friction. Lubricants are derived from animal, vegetable, or mineral sources, and are used for facilitating various functions such as extracting contaminants, preventing wear and tear in all forms, ensuring good bearing operation, completing gas sealing at piston ring level, preventing corrosion, and reducing friction. Marine lubricants are mainly used in countries with coastline and find extensive application in shipping and oil & gas industries.

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Among application, engine segment is expected to account for a largest share of the market due to its large application area, and high consumption of lubricants. Moreover, growing demand for heat transfer fluids, gears, and turbines are also expected to drive market growth over the forecast period. Marine lubricants are vital for greater resistance to rust, lower viscosity loss, and greater anti-wear capacity of an engine.

Marine Lubricant Market Taxonomy
On basis of product type,
- Mineral Oil
- Synthetic Lubricator
- Bio-based
- Grease
On basis of application,
- Engine
? Cylinder Oil
? System Oil
- Hydraulic
- Compressor
- Gear Oil
- Turbine Oil
- Heat Transfer Fluids (HTFs)
- Others
On basis of end use,
- Oil & Gas
- Cargo Ships
- Tankers
- Container Ships
- Others

Choice of marine lubricant is dependent on machine, application, operating condition, and environment. Mineral oil is better soluble with additives and offers enhanced compatibility with seal at low costs. The demand for mineral oil is thus highest in comparison to other lubricants. Synthetic lubricators are used in extreme environmental conditions and are relatively more expensive than mineral oil. Bio-based oils are degradable and thus meet the increased environmental safety requirement, which has resulted bio-based oils to gain more traction over other lubricants.

Lubricants are available in various viscosities for different equipment function. The ship loading capacities are also considered when selecting marine lubricants.

Marine Lubricant Market Outlook - Surging Demand in Asia Pacific Augmenting Market Growth
Asia Pacific is expected to be the largest market for marine lubricants, followed by Europe. China, India, and Singapore are among the largest consumers of marine lubricants in Asia Pacific. Europe is expected to be the second largest market for marine lubricants. Though, the market share of the region is expected to experience a significant decline due to the shifting of shipbuilding and shipping activities to Asia Pacific. This shift is due to cheap raw material and low labor costs in countries of Asia Pacific.

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Middle East and Africa have low demand for marine lubricants compared to Asia Pacific. However, Middle East being a hub for oil and gas export, relies on shipping industry for transport of oil to Asia Pacific markets. This is expected to accelerate growth of the market in the region, over the forecast period.

North America and Latin America are witnessing poor growth in the marine industry, primarily due to energy self-sufficiency and poor port infrastructure, which discourages shipbuilding operations in these regions.

Infrastructure development and new alternatives technologies for shipping industry are the main drivers, which are expected to drive marine lubricant market growth.

Marine Lubricant Market Challenges –
This industry depends upon the trades between countries over large distances. The decrease in trades, restrains growth of this industry. Marine lubricants contain sulfur and nitrogen, which are endanger the aquatic life. This concern has led to stringent environmental regulations against the use of marine lubricants, and these factors are expected to hamper growth of the market over the forecast period.  Shell is one of the leading companies in the marine lubricant market. Other major companies operating in the market include BP PLC, Royal Dutch Shell Plc, Exxon Mobil Corporation, Chevron Corporation, Sinopec Corporation, Lukoil, Idemitsu Kosan Co Ltd, and Total S.A.

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Seattle, WA -- (SBWIRE) -- 03/06/2020 -- The Research Report on Fire Damper Market is a valuable source of informative data for business strategists. It provides the industry overview with Growth analysis, Size, Share, revenue, demand and supply data. This Market study provides comprehensive data which enhances the understanding, scope and application of this report. It covers the segmentation analysis such as type, application, and region. This report provides Fire Damper Market key Manufactures, industry chain analysis, competitive insights, and macroeconomic analysis.

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The report also offers an expansive understanding of market segmentation, competition, industry environment and performance of leading Fire Damper manufacturers. Through the statistical analysis, the report insides the global Fire Damper market of Fire Damper industry including capacity, production, production value, cost/profit, supply/demand and worldwide import/export.

This report focuses on the Global Top Players, covered:

TROX, Ruskin, FLAKT WOODS, Greenheck, Actionair, HALTON, Rf-Technologies, Nailor, Flamgard Calidair, MP3, Aldes, Lorient, KOOLAIR, BSB Engineering Services, Ventilation Systems JSC, Klimaoprema, Lloyd Industries, Celmec, Systemair, Air Management Inc, AMALVA, ALNOR Systems, Tecno-ventil SpA, NCA Manufacturing, Inc, TANGRA, Chongqing Eran, Shandong Zhongda, Jingjiang Nachuan, Suzhou Foundation, Dezhou Changxing

Analysis of region-based segmentation of the Fire Damper Market:

- In the regional scope of the report, the Market has been divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. It also includes data relating to product usage in the leading geographies.

- Information related to the evaluation held by the regions mentioned as well as the market share held by each region has been included in the report.

- The increase in the demand for Fire Damper across the leading regions as well as consumption market share is given in the report.

- The report speaks about the consumption rate of all regions, based on product types and applications.

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Type Segmentation:

Product Type Segmentation
-- Mechanical Dampers
-- Intumescent Dampers
-- Air Transfer Fire Dampers

Industry Segmentation
-- Residential Buildings
-- Commercial Buildings
-- Industrial Buildings
-- Marine

The Report Answers the key Questions -

- What are the important trends and dynamics?
- Where will most development take place in the long term?
- Which regulation that's will impact the industry
- What does the competitive landscape look like?
- What the openings are yet to come?

Highlights the following key factors:

1) Business Description: A detailed description of the company's information and business types.
2) Corporate Strategy: Analyst's summary of the companies business strategy.
3) SWOT Analysis: A detailed analysis of the companies strengths, weakness, opportunities.
4) Company History: Progression of events associated with the company.
5) Major Products and Services: A list of major products, services of the company.
6) Key Competitors: A list of key competitors to the company.
7) Important Locations and Subsidiaries: A list and contact details of key locations of the company.
8) Detailed Financial Ratios for the Past 5-10 years: The latest financial ratios derived from the annual financial statements published by the company with 5-10 years history.

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seattle, WA -- (SBWIRE) -- 03/05/2020 -- The term OEM stands for Original Equipment Manufacturer, which refers to an organization that manufactures a part or a subsystem that is used in another company's product. An insulating product is one that minimizes heat gain or loss by creating a blockage between the surfaces that are different in temperature. Various types of insulations are available in the market such as sprayed form, structural insulated panels, concrete, foam boards, reflective and fiber insulation. The major sector where OEM insulations are used is the industrial sector. The growing demand for insulation services for industrial as well as commercial applications has fuelled growth of the OEM insulation materials market across the world. The major end-user industries of OEM insulation are automotive, construction, aerospace, and consumer appliances among others.

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Key Players operating in the global OEM insulation market include Knauf Insulation, Johns Manville, Fomo Products Inc., Paroc Group, Owens Corning Insulating Systems LLC., Roxul Inc., Shanon Enterprises, Saint Gobin, ACH Foam Technologies, Armacell International and Rockwool International among others.

The use of OEM insulation in commercial and residential buildings has reduced the energy cost by around 10 to 20%. The various materials used for insulation are fiber glass, foamed plastics and mineral wool such as glass wool and stone wool. The most common type of material used for insulation in the construction industry is glass mineral wool. The automobile manufacturers are currently focused on enhancing the comfort and safety in vehicles, and insulation of automotive parts plays a major role in achieving this goal. Effective insulation helps in reducing heat transfer, sound transfer and fire risk in whichever application it is used.

Growing demand for insulation services in a wide scope of applications such as residential & commercial construction, automobiles and consumer appliances is a key factor driving growth of the global OEM insulation materials market. Growing investment by vehicle manufacturers in improving the safety features and comfort in vehicles is expected to fuel growth of the OEM insulation materials market. Besides, demand for OEM insulation is rapidly increasing in medical and electronic equipment manufacturing industries, which is expected to propel demand for OEM insulation. Furthermore, growing awareness among vehicle manufacturers regarding eco-friendly operations and sustainable development is resulting in an upsurge in production of OEM insulation, which is expected to drive growth of the global OEM insulation market over the forecast period.

OEM Insulation Materials Market Taxonomy:

Based on material type, the global OEM insulation market is segmented into:
- Mineral Wool
- Stone Wool
- Glass Wool
- Fiber Glass
- Foamed Plastic
- Polyurethane foam
- Extruded Polystyrene
- Expanded Polystyrene
- Phenolic Foam
- Melamine Foam
- Foamed Glass
- Closed Cell Elastomeric Foam

Based on end-use industry, the global OEM insulation market is segmented into:
- Consumer Appliances
- Transportation
- Aerospace & Spacecraft
- Subways
- Marine
- Automotive
- Industrial
- Building and Construction
- Power & Energy
- Oil & Gas
- Food Processing
- Others

Based on insulation type, the global OEM insulation market is segmented into:
- Blanket
- Rolls and Batts
- Loose Fill

OEM Insulation Market Outlook - Asia Pacific is expected to be the most lucrative region for key players operating in the global OEM insulation materials market

The regional segmentation for global OEM insulation market includes North America, Europe, Latin America, Asia Pacific, Middle East and Rest of the Africa. Asia Pacific holds a dominant position in the global OEM insulation market owing to increase in construction of commercial and domestic buildings which require insulation materials. Rising awareness about the advantages of OEM insulation materials such as obtaining an energy efficient building, rise in energy prices and booming construction activities in countries such as India and China are the main drivers for the growing OEM insulation materials market in Asia Pacific. The booming automotive industry in India is also a major factor contributing to the growth of the Asia Pacific OEM insulation materials market.

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seattle, WA -- (SBWIRE) -- 03/05/2020 -- Polymer coated fabrics are textile materials treated and glazed into various types of polymers such as acrylics, polyvinyl chloride, aramids, latex and others to improve and enhance mechanical properties such as elasticity, elongation, fiber strength, and wear resistance to the textile. There is significant demand for polymer coatings due to their ability to contribute towards abrasion resistance, and prevention of dust, gas or liquid penetration. For instance, the fabric required for military tents needs to be of high tear strength, high ductility, and flame resistant. In such cases the fabric is coated with a neoprene to enhance and improve the fabric abrasion. Depending on the application type, the fabrics are coated with one or more layers of polymer.

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Polymer coated fabrics are commonly known as technical textiles and have several industrial applications including automotive, aerospace, military and others. Applications of polymer coated fabrics include industrial, protective coatings, transportation, seating, and others. Increasing demand for high performance quality materials is a major factor driving the growth of the global polymer coated fabrics market.

The physical properties required for air bag fabric installed in cars need an appropriate blend of tear strength and abrasion attributes which stimulates the growth of polymer coatings.

Owing to attributes such as water resistance, longevity, ductility, abrasion resistance, polymer coatings are expected to witness high demand over the forecast period. Other factors contributing to the growth of the global polymers coating market include easy processing methods, easy availability of various polymers, and low-cost of polymers especially polyethylene, polyvinyl chloride and polyamide.
However, polymers are non-recyclable and hence when polymer coating residue is burnt, or disposed, it results into toxic emissions which can cause considerable to the environment and human beings.

Market Outlook

On the basis of region, the global polymers coated fabrics market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Asia Pacific accounts for majority of the market share in the global polymer coated fabrics market. Factors such as increasing population, high rate of industrialization and urbanization, and the rapidly expanding automobile industry are expected to contribute to the growth of the market in Asia Pacific. Countries such as India and China accounted for a significant increase in the automobile production in 2016, compared to 2015, in which, India accounted for 4.5 million in 2016 compared to 4.2 million in 2015. China accounted for 28.1 million compared to 24.5 million in 2015. The increase in automobile production in India and China is expected to facilitate demand for polymer coated fabrics for automobile interiors, and drive growth of the polymer coated fabrics market.

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Major players operating in the global polymer coatings market include Continental AG, Saint Gobain SA, Sioen Industries, Spradling International Inc., Takata Corporation, Colmant Coated Fabrics, Serge Ferrari Group, Trelleborg AB, SRF Limited, Seaman Corporation and others.

Polymer Coated Fabrics Market Taxonomy:

On the basis of polymer type, the global polymer coated fabrics market is segmented into:
- Thermoplastic
- PVC
- PVDC
- Acrylics
- PVA
- PU
- Aramids
- Others
- Latex
- Rubber
- Natural
- Synthetic

On the basis of material type, the global polymer coated fabrics market is segmented into:
- Knitted
- Woven
- Non-Woven

On the basis of application, the global polymer coated fabrics market is segmented into:
- Protective Clothing
- Transportation
- Industrial
- Furniture & Seating
- Others

On the basis of end use industry, the global polymer coated fabrics market is segmented into:
- Automobile
- Aerospace
- Marine
- Chemical Processing
- Military
- Others

Among application, the transportation segment holds a dominant share in the global polymer coated fabrics market owing to the significant increase in demand for polymer coated fabrics in industries such as automotive, railways, aircraft, and marine. Polymer coated fabrics are mainly used in transportation to provide high quality physical properties such as dirt & oil-repellent, rot-proof, water resistant, mildew resistant, and UV resistant.

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Among polymer type, owing to low-cost, easy availability of a wide range of colors, and weldability, PVC coatings are expected to witness maximum demand over the forecast period.

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seattle, WA -- (SBWIRE) -- 03/05/2020 -- Global Ethanolamines Market, By Product Type (Monoethanolamines (MEA), Diethanolamines (DEA), Triethanolamines (TEA)), Application (Surfactants, Chemical Intermediates, Herbicides, Gas Treatment, Metal Treatment, Textile), and Geography - Global Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025

Ethanolamines are colorless, viscous organic compounds with molecular formula HOCH2CH2NH2. These are used as a feedstock in the manufacture of Monoethanolamines (MEA), Diethanolamines (DEA) and Triethanolamines (TEA), which finds wide application in the production of emulsifiers, detergents, polishes, chemical intermediates, corrosion inhibitors and pharmaceuticals.
On the basis of application, the global ethanolamine market can be segmented as surfactants, herbicides, chemicals intermediates, textiles, gas treatments, and metal treatment. Herbicides segment is expected to witness highest growth rate during the forecast period, followed by textile and surfactants. Other major applications of ethanolamine are in the field of corrosion inhibitors for metal protection and construction chemicals. These chemicals are largely used in the production of surfactants, which finds wide applications in detergents, emulsions, fabric softeners, paints, inks, adhesives, cosmetics, biocides, among others. Surfactants application segment dominated the ethanolamines market in 2016.

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Ethanolamines are also used in various cosmetics and personal care industry for manufacturing bath foams, liquid soaps and shampoos. However, the use of diethanolamines in cosmetics was banned by The European Commission in order to lower the contamination from carcinogenic nitrosamines. Also, many studies have demonstrated the ill-effects of these chemicals on the liver. According to the U.S. Department of Health and Human Services' NIH publication (No. 92-3343), in October 1992, ill effects of diethanolamines on the liver were observed.

The construction industry uses triethanolamines as cement grinding aids and performance enhancers in order to reduce the energy consumption and to improve the quality of cement. Increasing infrastructure development in emerging economy such as China, India, Brazil, UAE and Saudi Arabia is expected to boost demand for triethanolamines, which in turn is expected to drive demand for ethanolamines over the forecast period. For instance, as per India Brand Equity Foundation (IBEF)—a Trust established by the Department of Commerce, Ministry of Commerce and Industry, Government of India—the Indian government plans to invest US$ 376.53 billion in infrastructure development over the following three years

The global ethanolamines market size was valued at US$ 2.99 billion (revenue), and 1840.96 kilo tons (volume) in 2016, and it is expected to expand at a CAGR of 4.4% in terms of revenue and 3.6% in terms of volume between 2017 and 2025.

Diethanolamines segment is expected to be the fastest growing application area in the ethanolamines market

Among product type, the diethanolamines segment is expected to be the fastest growing segment in the ethanolamines market over the forecast period owing to its wide applications in the manufacture of herbicides. Glyphosate is used as an herbicide to kill weeds and grasses, and its demand from the agriculture industry is growing due to rising demand for diethanolamines. Moreover, aqueous solution of diethanolamines is also used as a gas scrubbing agents to treat natural gas in refineries and in the petrochemicals industry. These factors are projected to drive growth of the segment in the ethanolamines market.

Regional Insights

Asia Pacific is the largest market for ethanolamines, and the trend is expected to continue over the following years due to large amount of domestic consumption in various end-use industries, coupled with cheap production cost and rapid economic growth across the region. North America is also expected to witness significant growth due to its vast application in gas sweetening. For instance, North America is experiencing wide exploitation of shale gas reserves, which in turn is increasing the supply of natural gas in the region and driving demand for ethanolamines for the treatment of natural gas.

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Major players operating in the global ethanolamines market are The Dow Chemical Company, SABIC, LyondellBasell Industries N.V., Huntsman Corporation, China Chemical & Petroleum Corporation, BASF SE, Sintez OKA LLC, Daicel Chemical industries Ltd. and Celanese Corporation.

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Seattle, WA -- (SBWIRE) -- 03/04/2020 -- Car rental is a platform that offers renting vehicles/automobiles for specific periods, ranging from hours to a few weeks. This service is served by car rental agencies to the people who require a vehicle for the temporary and do not want to own a car. Car rental the agency also serves to the self-moving industry needs, by renting the vans, trucks, motorcycles or scooters. Along with the basic rental service, car rental agencies also serve value-added products such as global positioning system (GPS) navigation systems, insurance, mobile phones, entertainment systems, portable WiFi etc.

Market Estimates:

The Mexico car rental market is estimated to account for US$ 1,625 Mn in terms of value by the end of 2019.

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Drivers:

Improving living of standard in Mexico and rising number of a manufacturing unit in the country is creating more employment which in turn resulting in increased disposable income. This has resulted in a rising number of trips by leisure travelers to leisure destinations is leading raise the demand for car rental service. Therefore, this is projected to propel the market growth of car rental in the Mexico. Moreover, the strong presence of major players such as Hertz, Avis, Alamo, Budget, Thrifty etc. in the country is also projected to boost the market growth.

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Customized Section/Chapter wise Reports or Regional or Country wise Chapters are also available.

What does all the regional segmentation cover? Can the country of specific interest be added?

Currently, the research report pays particular attention to the following regions:

North America (United States, Canada, Mexico), Europe (Germany, United Kingdom, France, Italy, Russia, Spain, etc.), South America (Brazil, Argentina, etc.) and Middle East and Africa (Saudi Arabia, South Africa, etc.)

A country of specific interest can be included at no additional cost. For the inclusion of more regional segments, quotes may vary.

Regional Insights:

Mexico City dominated the Mexico car rental market in 2018, accounting for 30.4% share in terms of value, followed by Cancun and Guadalajara, respectively.

Rising trend of using economy and compact cars from leisure travelers and demand for cars is shifting from compact cars to intermediate or SUVs owing to an increased number of business travelers is gaining significant traction in the market. Rising number of business travelers who preferred to adopt SUVs over other compact cars are projected to fuel the market growth over the forecast period. For example, Veracruz is projected to be the new business city in Mexico due to growing foreign direct investments in the city.

The increasing trend of upgrading technologies by companies to make service more convenient and user-friendly. The trend is protected to continue because online car booking and car rental services are on the rise in the region. This is projected to propel market growth.

Competitive Section:

Players active in the market are The Hertz Corporation, Sixt SE, Avis Budget Group Inc., Alamo, National Car Rental, Europcar Group S.A., MEX Rent a Car, Budget Rent A Car System, Inc., Fox Rent A Car, and Thrifty Car Rental, Inc.

Can we add or profile a new company according to our needs?
Yes, we can add or profile a new company according to customer needs in the report. Final confirmation should be provided by the research team depending on the difficulty of the investigation.
The availability of data will be confirmed by research in the case of a private company. Up to 3 players can be added at no additional cost.

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Seattle, WA -- (SBWIRE) -- 03/04/2020 -- Cell therapy is the administration of living cells in patients for the treatment of a disease. The source of cell can be autologous or allogeneic, which can be derived from stem cells such as bone marrow. Stem cells therapy is used in bone marrow transplantation. Gene therapy is the introduction, removal, or change in the patient's genetic code for treatment of a disease. Moreover, it modifies the expression of an individual's genes or repair abnormal genes. The therapy involves administration of nucleic acid (DNA/RNA) with carriers called as vectors.

Increasing prevalence of cancer diseases is a major factor driving the Cell and Gene Therapy market growth. According to the World Cancer Research Funds and the American Institute for Cancer Research, in 2018, there were around 18 million cases of cancer, of which around 9.5 million were in men and around 8.5 million in women, globally. Moreover, introduction of innovative products and rich pipeline of cell and gene therapy is expected to boost the market growth. For instance, around 150 gene therapies are currently in the development stage. Gene replacement accounts for around two third of gene therapy pipeline. However, around 49% of gene therapies are under preclinical and discovery stages. During 2012-18, around 351 gene therapy deals were signed. For instance Gilead's Kite Pharma received exclusive rights to Sangamo Therapeutics' zinc finger nuclease gene editing technology, for $3.2bn.

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Key players in the market are focused on launching novel cell and gene therapies, in order to treat various diseases and address the critical unmet needs of patients. For instance, in June 2011, Fibrocell Technologies, Inc. received approval from the U.S. Food and Drug Administration (FDA) for Azficel-T, which can be used for the treatment of nasolabial fold wrinkles.

Moreover, in November 2011, New York Blood Center, Inc. received approval from FDA for Hemacord. It is indicated for unrelated donor hematopoietic progenitor cell transplantation procedures and in patients with disorders affecting the hematopoietic system that are inherited, acquired, or results from myeloablative treatment in children. In October 2017, Kite Pharma received approval from the U.S. FDA for Yescarta (axicabtagene ciloleucel), which is used for the treatment of adults with large B-cell lymphoma. It was the first chimeric antigen receptor (CAR) T-cell therapy to receive FDA approval for large B-cell lymphoma.

Key players in the market are focused on adopting strategies such as mergers and acquisitions to enhance their product portfolio. For instance, in June 2017, Johnson & Johnson acquired Actelion Ltd. Moreover, in October 2017, Gilead Sciences acquired Kite Pharma. Kite Pharma is involved in developing chimeric antigen receptor T-cell therapy, to recognize and attack malignant cells.

The global cell and gene therapy market is expected to exhibit a CAGR of 21.9% over the forecast period, owing to increasing prevalence of cardiovascular diseases, cancer, and neurological disorders
Among therapy type, the gene therapy segment held a dominant position in the cell and gene therapy market in 2018. For instance, in November 2018, Pharma Intelligence Company estimated that around 55% of the pipeline is of gene therapy, majorly medicines that are delivered by in vivo.

Detailed Segmentation:

Global Cell and Gene Therapy Market, By Therapy Type:

Cell Therapy

Stem Cells

T Cells

Dendritic Cells

NK Cells

Tumor Cells

Gene Therapy

Global Cell and Gene Therapy Market, By Indication:

Cardiovascular Disease

Cancer

Genetic Disorder

Infectious Disease

Neurological Disorders

Others

Global Cell and Gene Therapy Market, By Scale of Operation:

In House

Outsourced

Company Profiles

Amgen *

Company Overview

Product Portfolio

Financial Performance

Key Highlights

Market Strategies

Biogen

BioMarin Pharmaceuticals

Bristol-Myers Squibb Company

GlaxoSmithKline

Novartis

Pfizer

Regeneron Pharmaceuticals and Sanofi

Spark Therapeutics

Agilis Biotherapeutics

Angionetics AVROBIO

Freeline Therapeutics

Horama

MeiraGTx

Myonexus Therapeutics

Nightstar Therapeutics

Kolon TissueGene, Inc.

JCR Pharmaceuticals Co., Ltd.

MEDIPOST

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Seattle, WA -- (SBWIRE) -- 03/04/2020 -- Cervical cancer is a common type of cancer occurring in women worldwide. A major cause of cervical cancer is infection by human papillomavirus (HPV), which is found in 99% cervical cancer. Human papillomavirus is sexually transmitted. Around 100 types of HPV have been identified to date, of which types 16 and 18 are believed to be responsible for more than 70% of cervical cancers. Cervarix and Gardasil are type of vaccines used for the treatment of cervical cancer.

Increasing prevalence of cervical cancer worldwide is expected to boost the cervical cancer vaccines market growth. According to the World Health Organization (WHO), 2018, cervical cancer is the fourth most frequent cancer in women with an estimated 570,000 new cases and representing 6.6% of all female cancers worldwide and around 85% of deaths occur due to cervical cancer in developing countries.

However, lack of awareness amongst the people in the low-income and middle-income countries regarding cervical cancer is expected to hinder growth of the cervical cancer vaccines market during the forecast period. Cervical cancer is one of the most common cancers among women of reproductive age in low-income and middle-income countries. For instance, according to The International Agency for Research on Cancer's (IARC) report of 2013, cervical cancer is most notable in low-income countries of sub-Saharan Africa.

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Increasing awareness amongst the population regarding cervical cancer and growing rate of unprotected sex in countries such as Swaziland, Malawi, and Zambia are some major factors driving the cervical cancer vaccines market growth. For instance, according to the World Cancer Research Fund (WCRF), Swaziland, Malawi, and Zambia are the top 3 countries in cervical cancer incidence.

Moreover, cervical cancer can be prevented via widespread immunization with the HPV vaccine, which prevents infection from high-risk HPV strains and also offers protection against the low-risk ones, which cause genital warts. For instance, according to the Centers for Disease Control and Prevention (CDC), Human papilloma virus vaccines (HPV) can be administered to girls failing in the age group of 11 or 12 years. Moreover, cervical cancer vaccine at an early stage of life is highly effective. For instance, according to the CDC 2016, all teens and adolescents falling between the ages of 9 and 14 should receive two doses of HPV vaccination within a gap of six months.

The global surge in the number of cervical cancer patients, especially in developing countries, led to development of new vaccines at a low cost. Most vaccines for cervical cancer are in their late stage of clinical development. For instance, ISA Pharmaceuticals B.V. is focused on manufacturing cervical cancer vaccine, ISA104 ( HPV16) and ISA104 ( HPV16) vaccines is under phase II trial of clinical development.

Increasing awareness campaigns regarding HPV vaccination by governments and private NGOs is expected to boost the market growth. For instance, in 2013, 1.5 million girls were vaccinated with Gavi (The vaccines Alliance) support. Moreover, in 2017, Gavi helped 30 countries to conduct HPV vaccine demonstration programs.

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Table of Contents

Research Objective and Assumption

Research Objectives

Assumptions

Abbreviations

Market Overview

Report Description

Market Definition and Scope

Executive Summary

Market Snippet, By Product Type

Market Snippet, By Distribution Channel

Market Snippet, By Region

Coherent Opportunity Map (COM)

Market Dynamics, Regulations, and Trends Analysis

Market Dynamics

Drivers

Restraints

Market Opportunities

Impact Analysis

Market Trends

Key Developments

Regulatory Landscape

Product Recall

Epidemiology Analysis

Technology Overview

PEST Analysis

Porter's Five Forces Model

Company Profiles

GlaxoSmithKline plc.*

Company Overview

Product Portfolio

Financial Performance

Recent Highlights

Strategies

Merck & Co. Inc.

Company Overview

Product Portfolio

Financial Performance

Recent Highlights

Strategies

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Seattle, WA -- (SBWIRE) -- 03/04/2020 -- Bioreactor is a vessel that conducts a biological reaction and is used to culture aerobic cells to carry out cellular or enzymatic immobilization. Industrial bioreactor is a vessel, in which biochemical process is carried out with the help of microorganisms and animal cells or biologically active compounds that are derived from living cells. They are basically cylindrical in shape with capacity of liters to cubic meters and is considered as the most essential component involved in bioprocessing. Bioreactors are typically used for fermentation processes such as wine and beer production. Bioreactors for large scale production of therapeutic products are made of stainless steel. In biopharmaceutical companies, small glass bioreactors are used in research and development activities. Moreover, disposable bioreactors are for single use and hence are called as single-use bioreactors. Generally, they are used for extensive research and manufacturing. Bioreactors can operate in batch, fed batch, and continuous stirred tank processes. Bioreactors are used to produce therapeutics, which include monoclonal antibodies, vaccines, stem cells, and gene modified cells.

Market Dynamics- Drivers
Single-use bioreactor offers high efficiency, which is why it has been extensively used in pharmaceutical industry for production, quality control, and procurement. It also offers various benefits such as consistency in production, increase in speed of manufacturing, reduced operational cost, and reduction in manufacturing time of finished dosage form, which is expected to drive growth of the global bioreactors market during the forecast period. According to the National Centre for Biotechnology Information (NCBI), in 2016, operational cost per gram of monoclonal antibody production (mAb) for single-use bioreactor was around 22% lower than conventional system, owing to less labor, utilities, maintenance, and waste. For commercial scale of monoclonal antibody production (mAb), conventional fed-batch bioreactors usually require 10,000L – 25,000L stainless steel tank to culture cells and produce yield of 2-6 g/L. However, single-use bioreactors employ continuous cell culture supply in 500L - 2000L tank and produces 10 - 30 times higher cell density. Therefore, more quantity of products can be produced by using this single-use bioreactors, with less space and capital cost.  Moreover, low water usage by single-use systems, less floor space requirement, and low risk of cross contamination in single-use system are expected to drive growth of the market in the near future.

According to a case study by Cambridge Healthtech Institute in 2016, by using single-use (SU) bioreactors, there can be an annual savings of US$ 250,000 in water generation for injections and US$ 60,000 in labor time required to set up and cleaning of stainless steel tank. Thus, these factors are expected to drive growth of the global bioreactors market during the forecast period.

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Moreover, in bioprocessing, enzymes used are specific in their action and produce a pure product. Chronic diseases such as diabetes and anemia are widespread globally. According to the World Health Organization (WHO), in 2014, around 415 million people were living with diabetes, which indicates the need for increasing availability of bioprocessed products at faster rates, wherein, advanced bioreactors could be useful. For instance, bioprocessed products such as Amaryl manufactured by Sanofi Aventis U.S. LLC, and Acarbose by Emcure Pharmaceutical Ltd. are used as anti-diabetic drugs. Therefore, implementation of single-use bioreactors has made clinical and commercial production of biopharmaceuticals fast and efficient in limited time and has reduced the cost associated with production, which in turn, is expected to drive growth of the global bioreactors market during the.

Regional Insights
Among regions, North America is expected to hold dominant position in global bioreactors market during the forecast period. This is owing to high presence of major biopharmaceutical manufacturing companies such as Gilead Science, Inc., Amgen, and Biogen, Inc. in the U.S. The companies are actively conducting research and development activities on novel therapies for the treatment of various diseases. Research of therapies associated with oncology such as monoclonal antibodies require usage of bioreactors on small as well as large scale for production purposes. Furthermore, according to the National Centre for Biotechnology Information (NCBI), in 2014, 65.6% of the clinical scale manufacturers and around 42% of the commercial manufacturers used single-use bioreactors to improve their bioprocessing. Moreover, Europe is expected to exhibit significant growth rate in the global bioreactors market during the forecast period. This is attributed to increasing usage of bioreactors in biopharmaceutical companies. According to the Organization for Economic Co-operation and Development (OECD), in 2015, around 1,700 biopharmaceutical companies, which utilize bioreactors, are from Europe.

Competitive Landscape
Key players operating in the global bioreactors market include Thermo Fisher Scientific, Inc., Merck KGaA, GE Healthcare, Pall Corporation, ZETA Holdings GmbH, Sartorius AG BBI, Solaris, Praj HiPurity Systems Limited, BiOENGiNEERiNG, INC., Infors AG, and Appplikon Biotechnology, Inc.

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Seattle, WA -- (SBWIRE) -- 03/04/2020 -- NEWS RELEASE CMI -- Clinical nutrition products are intended to maintain nutritional balance of patients, by providing ample amount of nutrients namely minerals, proteins, and vitamins. These products are produced with special formulation to nourish and improve the quality of people of all ages. Furthermore, patients suffering from burns, severe infection, or recovering from severe surgery or trauma cannot have oral administration. For them, specialized nutritional feeding called enteral or parenteral feeding is adopted. The enteral nutrition segment includes liquid formula diets and is administered by feeding tubes unto gastro intestinal tract. On the contrary, parenteral feeding done by intravascular route.

Market Dynamics
A number of companies in the market are launching novel products to expand their market presence. For instance, Brands, Inc., a science-based consumer products company, launched SpoonfulOne Daily Food Mix-In, which is a dietary supplement designed for children not having a food allergy. SpponfulOne, helps the body to get know and stay accustomed to the foods responsible for 90% of food allergies. It is a first-of-its-kind product, which is expected to drive interest of medical community in recommending this product to their patients.

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Furthermore, nutrition and nutritional care are gaining a wide clinical and scientific interest, which is expected to drive the global clinical nutrition market growth. Increasing research activities regarding metabolic disorders and nutritional assessment in chronic and acute disease is expected to boost growth of the global clinical nutrition market. Moreover, premature births, malnutrition, and increasing geriatric population are fueling the demand for clinical nutrition, which is expected to fuel the global clinical nutrition market. Loss of mass, strength, and function favors the growth of global clinical nutrition market. According to the National Institute on Aging, around 524 million people were recorded to be of age 65 years and above, accounting for around 8% of the world's population in 2010, which is expected to triple in number to 1.5 billion, representing around 16% of the world's population by 2050.

However, stringent regulatory policies on nutritional products are expected to hinder growth of the global clinical nutrition market during the forecast period. For instance, Cow's milk protein is intolerant or is allergic leading to common food allergic disease of infancy, which is hampering growth of the global clinical nutrition market. The clinical nutrition products carrying health claims are considered as pharmaceutical product and therefore need to undergo the clinical trial process. Besides, lack of awareness regarding the clinical nutrition is expected to hamper growth of the market.

Increasing Incidence and Diagnosis of Chronic Diseases are Expected to Favor the Growth of Clinical Nutrition Market. 

The global clinical nutrition market accounted for US$ 42.2 billion in 2016 and is expected to witness a robust CAGR of 6.3% over the forecast period (2017 – 2025).

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Increasing prevalence of chronic diseases such as diabetes, cancer, cardiovascular disease, and dementia are expected to boost the demand for clinical nutrition products. Among regions, Asia Pacific is expected to hold the dominant position during the forecast period, owing to high prevalence of chronic disease in the region and large pool of patient. Chronic respiratory disease, cancer, diabetes, and CVD are most prevalent chronic diseases in the region. However, the government of China has made mandatory for manufacturers of clinical nutrition products to register the baby formula with the government. This has hindered the infant clinical national manufacturers' growth in China in 2016. Furthermore, Centre for Food Safety (CFS), in 2017, observed that Similac Stage 2 had 66% less than the data printed on its nutrition label. Similac Stage 2 should contain 3.8milligrams of niacin per 100g as was declared, however, its actual content was 1.3 milligrams of niacin per 100g, and due to this the baby milk powder was banned from sale in Hong Kong, which in turn hampered the clinical nutrition market in Asia Pacific region.

Malnutrition is an important factor driving the need for clinical nutrition
Malnutrition is treated with the clinical nutrition products to provide accurate amount of the nutrients required by the body. According to the World Health Organization (WHO), under nutrition is estimated to be associated with 2.7 million (45%) child deaths annually of all child deaths, creating a huge demand for clinical nutrition products. Many manufacturers are promoting the need of clinical nutrition for the infants and children. For instance, Nestle Ghana in collaboration with the Ghana Nutrition Society held a nutrition workshop in October 2017, to address micronutrient deficiencies in Ghana, which in turn is expected to favor the growth of clinical nutrition market in the Africa region.

Abbott Nutrition has a huge range of nutritional support product across different segments, which include adults, infant and new mother, therapeutic, child, and sports to cater different age groups. Some other major players operating in the global clinical nutrition market include Nestle, Fresenius Kabi, Danone, Baxter Healthcare, and B Braun Melsungen AG.

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Seattle, WA -- (SBWIRE) -- 03/03/2020 -- Propylene oxide (CH3CHCH2O) is a colorless volatile liquid. It is an organic compound widely used in the production of polyether polyol, which in turn, is utilized in the manufacturing process of polyurethane plastics. Propylene oxide can be produced by means of hydrochlorination or oxidation. Propylene oxide has a wide range of application in the automotive and construction industries. Flexible foams, paints, sealants, coolants, car seats brakes, and hydraulic fuels are components which use propylene oxide in the automotive industry. Moreover, propylene oxide is used as a chemical for paints, waterproofing, coatings, adhesives, grouts, and materials. However, the availability of substitutes for propylene oxide is a restraining factor for the growth of the global propylene oxide market.

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Global Propylene Oxide Market Taxonomy

In terms of application:
- Glycol Ethers 
- Propylene Glycol
- Polyether Polyols
- Others

Based on production process:
- Chlorohydrin Process 
- Styrene Monomer Process
- TBA co-product Process
- Hydrogen Peroxide Process
- Cumene-Based Process

By end-use industry:
- Automotive 
- Building and construction
- Chemical and Pharmaceutical
- Textile and Furnishing
- Packaging
- Electronics
- Others

Global Propylene Oxide Market – Regional Outlook

The Asia Pacific propylene oxide market is gaining significant traction, owing to the high demand for propylene oxide from end-use industries. The demand for propylene has substantially increased due to new developments in infrastructure, construction, and automotive industry. China, India, Japan, and South Korea are the economies majorly contributing to growth of propylene oxide. The reduction in taxes for the small engine car section in China has resulted in the increased sale of cars, in turn fueling growth of the market for propylene oxide. According to China Association of Automobile Manufacturers (CAAM), China witnessed significant year-on-year growth of 6.2% during 2016-2017.

Production of automobiles is expected to grow over the forecast period, owing to presence of leading automotive companies in North America, such as Ford, General motors, and Fiat. Moreover, New Building Canada Fund has targeted an investment of US$ 10 billion over a 10 year period, i.e. 2014-2024, to build an advanced public infrastructure. Furthermore, propylene is the major raw material for production of propylene oxide, which is produced from crude oil. Demand for propylene oxide in the Middle East is growing tremendously, owing to rampant growth of the construction and oil and gas industries. Moreover, new investments in Qatar and Saudi Arabia for the FIFA world cup 2022 are expected to increase the rate of construction of hotels, stadiums, malls, and public infrastructure in the region. This, in turn, would potentially boost the regional market growth in the near future.
Significant Market Players

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The major companies operating in the global propylene oxide market include SK Chemicals, The Dow Chemicals Royal Dutch Shell, Tokuyama Corporation, Co., Ltd., BASF S.E., Huntsman International LLC., AGC Chemicals, CSPC Pharmaceutical Group Limited, Air Products and Chemicals, Inc., China Petrochemical Corporation, Eastman Chemical Company, Inc., PetroChina International Co., Ltd., Ineos Group Limited, Tokuyama, Hanwha Group, The Dow Chemical Company, Sumitomo Chemical, Repsol, Air Liquide, and Mitsui Chemicals.

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Seattle, WA -- (SBWIRE) -- 03/02/2020 -- Condom is a protective sheath used during sexual intercourse to reduce the chances of pregnancy and protect against sexually transmitted diseases. Condoms that are WHO (World Health Organization)-recognized are considered the safest for use. Use of condoms reduces the risk of diseases, such as chlamydia, trichomoniasis, gonorrhea, hepatitis B, and Human Immunodeficiency Virus (HIV).

Increasing awareness regarding sexually transmitted diseases and public health and promotional campaigns creating regarding advantages of condoms against unwanted pregnancy are boosting growth of the condom market. Increasing concerns regarding family planning pose as a major factor driving demand for condoms. Innovation in female and male condoms such as anti-ejaculation chemicals are increasing customer interest. According to the Centre for Young Women's Health (CYWH), female condoms offer around 95% accuracy for contraception effectiveness and barrier to various sexually transmitted diseases. This has increased the demand for female condoms, which in turn is propelling growth of the condom market. Several myths regarding the use of condoms, alternative methods of contraception, and social stigmas in emerging economies are some of the major factors restraining the growth of the global condom market.

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Global Condom Market Taxonomy

On the basis of gender:
- Male
- Female

On the basis of material type:
- Latex
- Non-latex
- Polyurethane
- Nitrile

On the basis of product type:
- Flavored Condom
- Studded or Textured Condom
- Warming Condom
- Pleasured Condom
- Colored Condom
- French Condom
- Sensis Condom
- Glow in Dark Condom
- Others

By distribution channel:
- Drugstore
- Supermarket
- Hypermarket
- Online
- Others

Global Condom Market – Regional Outlook

Asia Pacific is the dominant region in the global condom market. Asia Pacific comprises of economies with largest population such as China, India, and Indonesia, which in turn contributes to growth of the global condom market in the region. China has a large market for condom manufacturing and brand enterprising. According to China National Centre for STD/AIDS Prevention and Control, in 2014, around 501,000 people suffered from HIV, from which around 21000 people die of the disease. The government of China has supported efforts to prevent the spread of AIDs and sexually transmitted diseases. This boosts growth of the market in China. Increasing awareness about sexually transmitted diseases, family planning campaigns, and brand advertisements are some of the major drivers expected to fuel growth of the condom market in Asia Pacific over the forecast period.

Furthermore, North America accounts for a major share in the global condom market. The U.S., Canada, and Mexico are the major economies that manufacture condom. According to a study conducted by the Center for Disease Control and Prevention (CDC) during 2012-2014, the most commonly used form of contraception in the U.S. is condom, with its use recorded to be higher among the age group of 15 years to 19 years, than the age group of 33 years to 44 years. Despite the increased use of condoms, the STIs rate is rapidly increasing. Over 4.5 hundred million condoms are sold annually in the U.S. Governments and high schools are playing an important role in educating students about safe sex and creating awareness about STIs and contraception.  

Reportedly, the U.S. Agency for International Development (USAID) financed female and male condoms, as per the U.S. President's Emergency Plan for AIDS Relief (PEPFAR). This enables several economies to make condoms available to vulnerable and poor individuals at highly subsidized prices. Over 770 million female and male condoms are provided to 37 economies in USAID's Asia Pacific, Latin America, and Africa.

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Global Condom Market – Key Players & Major Developments

Some of the key market players operating in the global condom market include Ansell Ltd (Richmond, Australia), Reckitt Benckiser Group Plc (England), Sagami Rubber Industries, Reckitt Benckiser Group, Karex Industries Sdn. Bhd (Johor, Malaysia), Graphic Armor LLC, Thai Nippon Rubber Industry Co. Ltd (Sathon, Bangkok), Church & Dwight, Okamoto Industries, HLL Lifecare, and Guilin Latex.

- In January 2016, Reckitt Benckiser Group PLC acquired Hypermarcas' Brazilian condom and lubricants business. Hypermarcas is a major Brazilian condom manufacturer which owns three brands - Jontex, Olla, and Lovetex. The acquisition helped the company in transforming the sexual wellbeing category in Brazil, which will further include strong innovation, and brand equity investment.

- In June 2019, Okamoto launched VivaGel condom in Japan. This was Japan's first condom with an antiviral coating coupled with providing barrier protection and incorporating the proprietary compound, astodrimer sodium (SPL7013) in the condom lubricant. This product launch is expected to help the company in gaining a higher market share in the Japanese condom market.

- In June 2018, Thai Nippon Rubber Industry Public Company Limited, a manufacturer and seller of natural latex rubber condoms and lubricants acquired the exclusive global license to manufacture and distribute Playboy-branded condoms and lubricants from Playboy Enterprises International, Inc. This acquisition is expected to expand the company's product portfolio in the U.S. and Europe.

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Seattle, WA -- (SBWIRE) -- 03/02/2020 -- Essential oils are volatile aromatic oils extracted from plants, and their other significant parts, such as flowers, seeds, stem, bark, leaves, and roots. These oils represent the flavor and aroma of the plants from which they are extracted. Essential oils, also known as ethereal oils, are volatile oils that are also called aetherolea. Distillation is one of the most common processes through which essential oils are extracted. These oils are used as aromatic and flavoring agents, as they contain several organic compounds such as terpenes, phenols, alcohols, aldehydes, ketones, lactones, coumarins, esters, and ethers. Therapeutic properties of essential oils depend upon the plant it is extracted from. For instance, citronella oil has antidepressant, antispasmodic, antiseptic, antibacterial, and anti-inflammatory properties, whereas lemon oil has antiviral, disinfectant, bactericidal, hemostatic, astringent, febrifuge, and antiseptic properties. Owing to such therapeutic and aromatic properties, the demand for essential oils has been increasing tremendously. Burgeoning demand for natural products, in turn, is increasing the demand for essential oils in the food and beverages, cosmetics, personal care, and healthcare industries. Growing popularity of aromatherapy as well as increasing consumer awareness regarding the benefits of essential oils and related herbal products are major factors driving growth of the market for essential oils. However, low availability of raw materials is the major factor restraining growth of the global essential oils market.

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Global Essential Oils Market Taxonomy

On the basis of extraction technique:
- Solvent Extraction
- Expressed Oils
- Distillation
- Enfleurage
- Carbon Dioxide Extraction
- Others

Based on product type:
- Orange
- Jasmine
- Eucalyptus
- Tea tree
- Corn Mint
- Geranium
- Peppermint
- Rosemary
- Citronella
- Lavender
- Clover Leaf
- Spearmint
- Lemon
- Lime
- Others

In terms of application:
- Food & Beverages
- Cosmetics & Personal Care
- Home Care
- Healthcare
- Aromatherapy
- Others

Speaking of the distinctive extraction techniques, the distillation segment is the most dominant one in the global essential oils market, as it is the most inexpensive, as well as the easiest method. Aromatherapy is the largest application segment, as it has potential antidepressant and soothing properties. Growing prevalence of depression due to hectic and stressful lifestyle and work environments, coupled with growing urbanization, is therefore augmenting the demand for aromatherapy.

Global Essential Oils Market – Geographical Insights

The Asia Pacific essential oils market is witnessing the fastest growth, owing to increasing demand for natural oil-based products and growing disposable income of the people. The booming food & beverages and healthcare industries in China and India, as well as increasing inclination towards aromatherapy in the region are fueling the market expansion in the region. According to the India Brand Equity Foundation (IBEF), the fast moving consumer goods (FMCG) sector in India is expected to reach US$ 103.7 billion by 2020. The FMCG sector in India consists of 19% food and beverages, 31% healthcare, and 50% household and personal care products. These sectors are major consumers of essential oils. Thus, the demand for essential oil is expected to increase in India, in turn, propelling growth of the essential oil market in Asia Pacific.

However, Europe holds a dominant position in the global essential oils market, owing to magnifying demand for natural beauty products & cosmetics, medicines, and nutraceuticals in the region. 

Global Essential Oils Market – Key Competitors

The well-known players in the global essential oils market include Biolandes, doTERRA International, Essential Oils of New Zealand, Farotti SRL, H.Reynaude & Fils, Moksha Lifestyle Products, Sydney Essential Oils Rocky Mountain Oils LLC, Co. Pty Ltd, The Lebermuth Company, West India Species, Inc., and Young Living Essential Oils. These companies are adopting several inorganic approaches in order to retain their foothold in the global market.

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Key Developments

- On November 9, 2017, Lebermuth, Inc., U.S., stated that the price for Geranium Egyptian Oil (Pelargonium graveolens, CAS 8000-45-2) rose in September 2017 but later observed a fall in price by a few dollars per kg due to low demand. This fluctuating price of essential oil is expected to affect the company's annual sales.

- On September 23, 2019, doTERRA, a major player in the essential oils market announced about expanding its presence in Bogota, Colombia. This will include the company's new corporate office which will be inaugurated in October 2019. This expansion is initiated so as to expand its product portfolio in the South American region.

- On August 5, 2019, doTERRA, a major player in the essential oils market announced its expansion in the Philippines. This expansion is expected to increase awareness about essential oils in the Asian market. The inauguration of this corporate office is to be held at the end of 2019.

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Seattle, WA -- (SBWIRE) -- 03/02/2020 -- Welding equipment is used to create joint two or more materials permanently usually metals or thermoplastics. There are different types of welding processes such as electric arcs, gas flames, electron beams, electric resistance, friction, electron beams, lasers, ultrasound, and molten metal baths. Different equipment are used in welding including welding helmets, gloves, blankets, etc., in order to withstand hazardous heat, sparks, glare, and spatter generated during welding. Moreover, welding tables and accessories are used during weld to improve efficiency and accuracy during welding tasks. On the basis of welding technique, the market is segmented as laser-beam welding, oxy-fuel welding, resistance welding, arc welding, and others. On the basis of application, the market is segmented into automobile & transportation, marine applications, building & construction, and others.

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Market Dynamics- Drivers
1. Rampant growth of automobile and construction industry is expected to drive the global welding equipment market growth during the forecast period
Welding technology is an inseparable part of automobile industry with different types of welding techniques being used such as laser-beam welding, friction welding, and resistant welding. Rampant growth of automobile industry in the recent past increased the demand for welding equipment significantly. For instance, according to International Organization of Motor Vehicle Manufacturers (OICA), total global car sales were pegged at 82 million units in 2012, which increased to 95 million units in 2018. Moreover, rapid growth of construction industry, especially in emerging economies India and China is expected to drive the market growth over the forecast period. Various end-use industries such as transportation & automotive, steel structure, building & construction are witnessing lucrative growth emerging economies such as China and India, which in turn, is expected to boost the market growth over the forecast period.

2. Rapid growth of oil & natural gas industry is expected to propel the global welding equipment market growth over the forecast period
Oil & and natural gas industry is the largest end-use industry of welding equipment, products, and consumables. Rapid growth of oil & gas industry is expected to drive the market growth in the near future. Different types of welding techniques are used oil & gas industry such as shielded metal arc welding (SMAW), submerged arc welding (SAW), gas metal arc welding (GMAW), and tungsten inert gas welding (TIG). Construction of new pipelines and gas manufacturing facilities coupled with increasing demand for gas pipeline is expected to increase the demand for welding equipment in the near future. Furthermore, increased offshore exploration in deep water has resulted in high investments in oilrigs. Therefore, such activities are expected to boost the market growth over the forecast period.

Key players operating in the global welding equipment market are Amada Miyachi, Inc., Arcon Welding Equipment, Colfax Corporation, DAIHEN Corporation, ESAB Welding & Cutting Products, Fronius International GmbH, Illinois Tool Works, Inc., Nelson Stud Welding (Doncasters Group, Ltd.), Obara Corporation, Panasonic Corporation., Rofin-Sinar Technologies, Sonics & Materials, Inc., The Lincoln Electric Company, and voestalpine AG.

Segment information:
On the basis of application, the global welding equipment market is segmented into automobile & transportation, building & construction, marine application, and others. Automobile & Transportation segment accounting for 19% share in terms of value, followed by marine application and others.

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Market Opportunities
1. Growing demand from solar and wind energy industries is expected to pose significant growth opportunity
Significant demand for solar and wind energy across the world has increased the demand for welding equipment. This is due to growing awareness regarding carbon footprint and stringent government regulations to curb air pollutions. According to Global Wind Energy Council, adoption of wind power increased by 50% in 2015. Moreover, commercial and residential sectors across different countries are adopting solar energy as the main source of electricity, which in turn, is expected to offer significant growth opportunities for market players in the near future.

2. Constant repair and maintenance work is expected to offer lucrative growth opportunity for market players
Ongoing repair and maintenance work across different industries is expected to increased demand for welding equipment in the near future. Industries such as automobile, construction, oil & gas, energy, and transportation are major sectors that require welding products and equipment for repair maintenance purposes, which in turn, is expected to offer business opportunities during the forecast period.

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