The Increase in the Construction Activities in North American Region Along With the Rising Adoption of the New Trend in Roofing Is Highly Driving the North America Roofing Adhesives Market Growth.

New York, NY -- (SBWIRE) -- 10/18/2021 -- North America Roofing Adhesives Market size is forecast to reach $1.5 billion by 2026, after growing at a CAGR of 3.4% during 2021-2026. Globally, the increasing residential and commercial construction activities are propelling the growth of the North America roofing adhesives market. Rising demand for synthetic raw materials such as cellulose nitrate, nitrile rubber, polyvinyl acetate, and others for the production of roofing adhesives in North America has also raised the growth of the market. Additionally, physical interlocking and chemical bonding between materials are possible, and the materials are resistant to the elements with the use of roofing adhesives. Thus, owing to such properties the market for North America roofing adhesives is further estimated to drive new opportunities for the growth of industry in the forecast era.

Impact of Covid-19
The COVID-19 pandemic and its disruption to several manufacturing activities declined the growth of the North America roofing adhesives market in the year 2020. Due to insufficient labor and supply chain disruption, the ongoing residential and commercial construction projects, were set at a pause which affected the market growth. Furthermore, considering the new government norms and reopening of several industries, it is presumed that the market for North America roofing adhesives will return to normal conditions and drive the market growth in the forecast period (2021-2026).

North America Roofing Adhesives Market Segment Analysis- By Technology

Solvent-based technology held the largest share in the North America roofing adhesives market in the year 2020. A solvent-based adhesive is a glue or adhesion agent that comes in the form of a liquid. Because they include an adhesive inside a more flexible or spreadable material, solvent-based adhesives are easier to apply. Effective performance will be ensured by a more complete roofing adhesive covering. The solvent evaporates as the solvent-based adhesives are added, allowing the polymer solution to dry quickly. The glue becomes stronger as the solvent evaporates, until there is no solvent left in the solution and the adhesive reaches its maximum effectiveness. Hence, due to these factors the technology is estimated to rise in the projected era and drive the growth of the North America roofing adhesives market.

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North America Roofing Adhesives Market Segment Analysis- By End Use

Residential segment held the largest share in the North America roofing adhesives market in 2020 and is projected to grow at a CAGR of 2.9% during the forecast period 2021-2026. Increasing usage of roofing adhesives in the residential facilities to provide enhancing performance, workability, and adhesion for flat roofs and low slope has driven the growth of the market. Currently, the majority of adhesives are used in the residential construction industry to fasten decorative and finishing materials to the exterior and interior of buildings. Additionally, with the rising residential constructions it is anticipated that the market for North America roofing adhesives would also rise in the forecast period. For instance, according to United States Census Bureau, in the year 2020 about 1,286.9 thousand units of new privately owned housing units were completed in the United States. Therefore, the increasing use of roofing adhesives in residential construction activities is expected to drive the growth of the market in the forecast period.

North America Roofing Adhesives Market Segment Analysis- By Country

USA held the largest share with 45% in the North America roofing adhesives market in 2020. The United States of America dominates the demand for spray polyurethane foams market due to the growing building and construction activities. The rising disposable income and consumer urbanization in the United States country have seen a substantial rise in the construction sectors. In March 2021, the U.S. Department of Commerce and U.S. Department of Housing and Urban Development released its new residential construction statistics for February 2021. As per the statistics, building permits for privately owned housing units were issued at a seasonally adjusted annual rate of 1,682,000 and the seasonally adjusted annual rate of privately owned housing starts was 1,421,000 in February. Thus, an increase in the construction activities will lead towards the rise of the residential industry which would increase the demand for North America roofing adhesives market in the forecast period.

North America Roofing Adhesives Market Drivers

Increase in FDI in construction industries and rise in urbanization is anticipated to boost the market

The demand for construction in emerging countries of North America region is fueled by the movement of huge numbers of people to urban areas in search of work and a better standard of living. It is predicted to enhance the demand for synthetic raw materials such as cellulose nitrate, nitrile rubber, polyvinyl acetate, by fueling demand for roofing adhesives. Civic infrastructure develops at a rapid rate in different parts of the country in North America. Government in the North America region, are attempting to strengthen the country's construction industry. For instance, as per the Associated General Contractors of America, US$1.3 trillion worth of projects is built in North America every year. The increase in the construction activities in North American region along with the rising adoption of the new trend in roofing is highly driving the North America roofing adhesives market growth.

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North America Roofing Adhesives Challenges

Volatility in petroleum or crude oil prices

One of the major challenges faced by the North America roofing adhesives market is the volatility in the price of raw material or feedstock derived from petroleum or crude oil for the manufacture of adhesives. Thus price volatility impacts the cost of manufacturing roofing adhesives which is a major challenge for manufacturers. In North America region, crude oil prices are strongly affected by supply – demand gap fluctuations and global macroeconomic and geopolitical factors. According to the U.S. Energy Information Administration, The U.S. benchmark, West Texas Intermediate (WTI) crude oil, averaged $57 per barrel in 2019, down $7 per barrel from 2018. Moreover, the stability of the oil price is dependent upon the combined effects of invariant and variable factors. Thus, the volatility in petroleum or crude oil prices is estimated to create challenges for the growth of the market in the forecast period.

North America Roofing Adhesives Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the North America roofing adhesives market. Major players in the North America roofing adhesives market are Berkshire Hathway, Beacon Roofing Supply, Inc., Carlisle Companies Incorporated, Bridgestone Americas, Sika Group, FiberTite (Seaman Corporation), Innovative Chemical Products (ICP) Group, IKO Industries, GAF Materials Corporation, Owens Corning, and among others.

Acquisitions/Technology Launches

In April 2021, Innovative Chemical Products (ICP) Group acquired Choice Adhesives in USA to more effectively serve the professional customers in the roofing adhesive market.

Key Takeaways

USA dominates the North America roofing adhesives market due to the increasing number of residential and commercial projects in the country.

Growing urbanization and rising population shifts from rural to urban areas are driving the demand for new residential buildings in developing countries. This growth in residential building demand is boosting the demand for roofing adhesives in North American countries.

It is expected that the production of adhesives for different innovative substrates and increased R&D activities in the development of innovative low VOC roofing adhesives in North American would be an opportunity in the future growth of the market.

Related Reports:

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https://www.industryarc.com/Report/18877/commercial-roofing-materials-market

B. Roofing Tile Market
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For more Chemicals and Materials Market reports, please click here

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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The Growth in the New Enterprises Is Also Contributing the Rise of Micro OS Market.

New York, NY -- (SBWIRE) -- 10/18/2021 -- Micro OS Market size is forecast to reach $125 million by 2026, after growing at a CAGR of 32% during 2021-2026. With increased choice for Micro OS Market, there is a major competition in cloud sector. None of the current real-time operating systems (RTOS) would benefit, It is because they are too big, too bloated for improving functioning of microprocessors and central processing units (VPUs). The consequence is the introduction of a new generation of super-skinny, streamlined Micro operating system to replace existing operating systems. Micro OS is an operating system developed for Server workloads and embedded systems. Microkernels and their consumer interfaces are usually introduced with a little bit of assembly in the programming languages C++ or C. However, with certain high-level coding, more application languages are feasible.

Micro OS Market Segment Analysis - By Type

MicroOS (and it's Kubernetes focused sister, Kubic) is an exciting distribution that takes much of the cool stuff we're doing in Tumbleweed, adds solutions to the problems of updating a running system, and is becoming the perfect base system for running containers. As a modern Linux operating system openSUSE MicroOS is Small and Lightweight images designed to be deployed for a specific use case. Micro OS is also scalable being Optimized for large deployments while capable of single machine OS. There needs updated version. Updates are automatically applied without impacting the running system. MicroOS is comparatively Resilient. In case of trouble the system automatically rolls back to last working state. Finally the main advantage of MicroOS is that it is Fast and doesn't ship with baggage that slows it down

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Micro OS Market Segment Analysis - By Service

Adoption of the MicroOS tools due to the rapidly growing centralization, globally is fueling the growth of the market. Furthermore MicroOS owing to its application scalability, functionality, runtime and others are aiding the growth of the market. Orchestration platform is helping the ventures to develop industry functionality by reducing operating price and by enhancing production. Orchestration cloud and services platform are anticipated to be the top most applications adopted by the small, medium and large enterprises in the forecast period 2021-2026.

Micro OS Market Segment Analysis - By Geography

Currently, North America dominates the global market with 45% share in 2020 in terms of revenue and is expected to maintain its position over the forecast period, because of the preference of premium products by the consumers in this region. Presence of prominent players and growing adoption of new technological devices among every individual are factors of growth of the target market in the region. The large-scale penetration of market by smartphones, laptops and other electronic gadgets has amplified the demand for Micro OSs. The market in this region exhibits salient growth across the projection period. The other factor responsible for the growth of market in this region are adoption of next-gen technology, trend in the music industry, etc. In the Asia pacific region, countries like China, India, Japan, etc. give major revenue contributions to this market. The availability of local solutions at low cost gives this region boost in revenue. It is the largest emerging market for Micro OSs. This region will see growth in both the sectors, demand and supply. The Asia Pacific region (APAC) will grow at the highest CAGR from 2021 to 2026.

Micro OS Market Drivers

Increasing use of MicroOS in Enterprises globally:

Increasing industrialization along with increase in use of cloud networking has resulted in increase in adoption and use of MicroOS in the various small and large enterprises. Furthermore, Organizations are utilizing MicroOS tools for connecting IoT services in the cloud.. The software helps companies to build ship and run their applications anywhere. The manufactures are producing the software in sucha way that these MicroOS are scalable in architecture, ready for the enterprises and cost effective. These features of the MicroOS are making them widely used by industries thereby driving the growth of the market.

Growth due the rising number of new enterprises:

The growth in the new enterprises is also contributing the rise of MicroOS software. New enterprises are also adopting the container network software for their growth and development. Secure communication, monitoring and logging of networks, persistent storage and handling traffic are some of the features for the adoption of the MicroOS solutions by the emerging enterprises. The MicroOS provide cloud native computing in a very secure way along with micro services to communicate with each other in these enterprises thereby increasing the adoption and boosting the growth of the market.

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Micro OS Market Challenges

The organizations deploying on-premises servers for MicroOS face challenges related to the storage and complexity owing to the storage infrastructure management on their own. This cloud hinder the growth of the market. Deployment of cloud based MicroOS faces security issues within enterprises. Execution of a kernel panic or denial -of -service attack is faced by MicroOS which could hinder the growth of the market owing to these security issues.

Market Landscape

Service Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the MicroOS Market are given in this report. MicroOS Market is dominated by major companies such as Microsoft Co., Oracle Co., Cisco systems, Nginx Inc., VmWare Inc, Midokura Co. Ltd., Cumulus Systems Pvt. Ltd., IBM, AWS, Open vSwitch. among others.

Acquisitions/Launches

In June 2021, Systemd 249 release candidate includes better support for immutable OSes and provisioning images. One theme is better support for immutable operating systems, gaining favour with releases like Red Hat's Silverblue and Kinoite, and SUSE's MicroOS.

Key Takeaways

Managed services segment is expected to grow at the highest CAGR during the forecast period as it plays a major role in the deployment of MicroOS software according to requirement of client.

BFSI vertical is expected to witness the highest CAGR in the forecast period as this sector needs continuous upgradation of its processing and transaction technologies.

North America dominated the MicroOS market share by 45% due to major presence of sustainable and well-established economies such as U.S. and Canada.

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About IndustryARC
IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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Growing Adoption of Laminated Safety Glass Driving the Growth of Architectural Polyvinyl Butyral Film Market.

New York, NY -- (SBWIRE) -- 10/18/2021 -- Architectural PVB (polyvinyl butyral) Film Market size is forecast to reach $3.9 billion by 2026, after growing at a CAGR of 5% during 2021-2026 due to increasing consumption of PVB laminated safety glasses in the residential and commercial buildings. Polyvinyl butyral is a resin prepared from polyvinyl alcohol by reaction with butyraldehyde. It offers excellent properties such as strong binding, optical clarity, adhesion to many surfaces, toughness, and flexibility, thus; it is commonly used in the architectural fields. Architectural PVB film is used for both interior and exterior building applications such as flooring, street furniture, commercial window, walls, glazing, doors, and balustrade. Architectural PVB film offers excellent sound barrier properties and absorption of ultraviolet rays. The rising demand for architectural PVB film to protect interiors from ultraviolet exposure is expected to boost the market for architectural PVB film.

Impact of COVID-19

During the COVID-19 pandemic, major sectors saw a steady decline in growth owing to the decrease in transportation during the lockdown. The construction activities were also closed from the first quarter of 2020. According to U.S. Census Bureau, construction spending in the US decreased 0.8% in January 2021. Thus, these factors are limiting the demand for architectural PVB film.

Architectural PVB Film Market Segment Analysis – By Product Type

The standard film segment held the largest share in the global architectural PVB film market in 2020 due to increasing awareness towards laminated safety glass. Standard films are safe as it does not break easily. Standard film protects the interior from UV lights and brings more natural light into the building without sacrificing structural integrity. These are blocking out the ultraviolet rays thus this film type is used in windscreens. Hence, due to such properties standard films are used in architectural applications which are estimated to grow the demand for architectural PVB films.

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Architectural PVB Film Market Segment Analysis – By Application

Exterior application held the largest share in the global architectural PVB film in 2020 and is expected to grow at a CAGR of 5.2% in 2021-2026 due to widely used in buildings as laminated safety and security glass. Laminated safety glass (or PVB film, treated by polyvinyl alcohol with the reaction of butyraldehyde), offers protection against UV rays. Architectural PVB film is highly demanded in developing countries due to various properties such as good adhesion, recyclability, solar energy control, and aesthetic appearance. Thus, increasing building demand is estimated to grow the market size of architectural PVB film during the projected era. According to the US Census Bureau, new housing unit construction was 11,471 thousand units in 2019 in the United States, which reached 3,642 units in 2020. Additionally, according to Central Sanctioning and Monitoring Committee (CSMC), 1,68,606 new homes were approved to construct in urban areas under Pradhan Mantri Awas Yojana in 2021 in India. Furthermore, in April 2021, The U.S. Census Bureau and the U.S. Department of Housing and Urban Development announced the construction of 1.6 million houses, out of which 1.4 houses have been built. Thus, the growing demand for buildings is estimated to grow the demand for architectural PVB film.

Architectural PVB Film Market Segment Analysis – By Geography

Asia Pacific dominated the global architectural PVB film market in 2020 with more than the share of 30%, due to increasing industrialization and urbanization in emerging Asian countries such as China, India, and so on. PVB films are used for interior and exterior construction in developing countries due to their excellent stability. According to the India Brand Equity Foundation (IBEF), the real state sector in India is expected to reach a market size of US$ 1 trillion by 2030 and will grow to (US$ 9.30 billion) by 2040. Additionally, according to the National Bureau of Statistics, China's real estate market investment jumped from 15.7% in 2019 to 38.3% in January-February 2021. Furthermore, according to the Central Bureau of Statistics, the total sales of built houses in Indonesia has increased by 12,033 units in 2018, as compared with 7,884 units in 2017. Hence, due to rapid growth in the construction sector in the upcoming year is estimated to grow the consumption of the architectural PVB film market.

Architectural PVB Film Market Drivers

Robust Building and Construction Industry Growth is estimated to grow the demand for Architectural PVB Film at Global Level

The Government of Canada announced a housing plan, under this plan the housing units have expanded by 14,000 units and 65,900 units being repaired during FY16-FY21. Additionally, according to the Federal Office for Building and Regional Planning, Germany will require about 350,000 new housing units per year by 2021. Furthermore, according to the Statics of South Africa, GDP from construction in South Africa increased to ZAR 82,047.74 million (US$5,018.95 million) in the fourth quarter of 2020 from ZAR 79,899.25 million (US$4,887.51 million) in the third quarter of 2020. According to the National Bureau of Statistics (NBS), real estate investment in China rose 7.0% in 2020. Apart from this, according to the National Economic and Social Development Council (NESDC), the total construction spending rose by 1.5% (to THB1.321 trillion) including public sector spending rose by 5.0% in 202 as compared to 3.1% in 2019. Hence, growth in construction projects is estimated to grow the architectural PVB film market size.

Growing Adoption of Laminated Safety Glass

PVB film used as a laminated glass, produced by polyvinyl alcohol, has excellent anti-breakage and sound insulation properties. These glasses help to reduce sound when it passes through the window or doors. Thus, these are highly required in exterior and interior building applications. Additionally, laminated safety glasses come with a new property such as reducing carbon emission in the environmental pollution during production. Laminated safety glass offers excellent properties such as solar energy control, design versatility, UV control, and much more. Thus, due to these properties, it is widely used in offices, hotels, and various other organizations which are estimated to the growing demand for laminated glasses.

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Architectural PVB Film Market Challenges

Availability of Substitutes of Laminated Glass may hamper the Market

PVB films are more sensitive than tampered glass. Tempered glass can easily break into small particles but PVB film does not break easily. Temper glass does not remain intact when it has broken thus it is used to ensure maximum protection. Laminated glass is also more expensive than normal glass and tempered glass. Hence, the availability of inexpensive glass may limit the architectural PVB film market.

Architectural PVB Film Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the architectural PVB film market. Major players in the architectural PVB film market are ChangChun Group, DuPont, Eastman Chemical, EVERLAM, Huakai Plastic, Kingboard Chemical Holdings, Kuraray, RongXin New Materials, Sekisui, Zhejiang Decent Plastic, and among others.

Key Takeaways

Asia-Pacific dominates the architectural PVB film market owing to increasing demand from architectural building in Asian Countries such as India, China. Japan, and others.

Increasing adoption of laminated safety glass in exterior and interior appliances due to excellent soundproof property is estimated to boost the market demand for architectural PVB film market in near future.

Additionally, increasing adoption of polyvinyl butyral colorless film which obtained by the condensation reaction of polyvinyl alcohol and butyraldehyde. It is known for its excellent adhesion properties as well as outstanding UV resistance. Thus, it is used as s safety glass in the construction industry.

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https://www.industryarc.com/Research/Sound-Insulation-PVB-Film-Market-Research-501514

B. Architectural Window Film Market
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For more Chemicals and Materials Market reports, please click here

About IndustryARC
IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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Increasing Demand of Banana Flakes for Infant Nutrition Food Products Are Set to Aid the Market Growth of the Banana Flakes Market Report.

New York, NY -- (SBWIRE) -- 10/18/2021 -- Banana Flakes Market size was estimated at $682 million in 2020, and it is projected to grow at a CAGR of 4.5% during the forecast period 2021-2026. Banana flakes are derived from organic and naturally ripened bananas. It contains more amounts of nutrition such as potassium, protein, fiber, carbohydrates and vitamins such as A, B, B6, C and E, and minerals like calcium, magnesium, iron, zinc and folate. Banana flakes has several health benefits as it helps to reduce and manage diarrhoea without stopping or slowing gut motility, relieving heartburn symptoms, stimulating appetite also helps to form firm stools. Banana flakes are commonly used in food & beverages industry in the preparation of breakfast cereals, desserts, smoothies, infant nutrition, and others. Increasing consumption of banana flakes owing to low fat and gluten free coupled with rising demand for healthy, nutritional and organic food products are the major factors driving the growth of the market. Increasing health consciousness among the people coupled with changing lifestyle of the people is set to further enhance the overall market development of the Banana Flakes Market for the period 2021-2026.

Banana Flakes Market Segment Analysis – By Application

On the basis of application, the Banana Flakes market is categorized into Household, Food and Beverages, and Others. Food and Beverages held the largest share in the Banana Flakes market in 2020. Banana flakes are widely used in food and beverage industry including bakery & confectionery, infant nutrition, dairy products, breakfast cereals, and others owing to its nutritional benefits. Also banana flakes are used in smoothies along with oats or corn flakes as well as it is used in various bakery products such as coconut banana cream pie, banana bars, breakfast cookies, and pancakes thereby increasing Banana Flakes market. However, Household is estimated to register higher CAGR of 6.8% during the forecast period 2021-2026 owing to rising demand for healthy food products as it helps to improve digestive health.

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Banana Flakes Market Segment Analysis – By Distribution Channel

By distribution channel, the Banana Flakes market is further segmented as Supermarkets/ Hypermarkets, Convenience Stores, Online Retail Stores, and Others. Supermarkets/Hypermarkets held the largest share in the Banana Flakes market in 2020. Supermarkets/Hypermarkets offer better brand visibility, easy shopping experience and the availability of a wide range of products and brands thereby increasing Banana Flakes market. However, Online Retail Stores is estimated to register higher CAGR of 7.2% during the forecast period 2021-2026 owing to Online Retail Stores provides more discounts and wider options to purchase.

Banana Flakes Market Segment Analysis – By Geography

Asia-Pacific dominated the Banana Flakes market with a major share of 34% in 2020. This is attributed to increasing growth of food and beverage industries in this region coupled with growing production of bananas in countries such as India, china. According to Food and Agriculture Organization (FAO), India is the world's largest producer of bananas, producing 29.7 million metric tons on 0.84 million hectares of land. Furthermore, growing urbanization, and rising disposable income of the people which are contributing to the growth of the market in this region.

However, North America is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to the changing preference of the people towards healthy breakfast in this region contribute the growth in this region. Increasing spending capacity of the people is also increasing the growth of the market in this region.

Banana Flakes Market Drivers

Increasing Consumption of Banana Flakes

Increasing consumption of banana flakes owing to nutritional benefits as it is rich in vitamins (A, B, B6, C, and E), iron, potassium, calcium, zinc, and magnesium is increasing the growth of the Banana Flakes Market. Additionally, frequent consumption of banana flakes will reduce the risk of colon cancer as banana flakes contain a high amount of fibers which helps to reduce risk of colon cancer is also practiced to increase the growth of the Banana Flakes market during the forecast period 2021-2026. According to the Center for Disease Control and Prevention (CDC), in America, colon cancer is the second leading cause of death.

Rising Prevalence of Cardiovascular Diseases

Increasing prevalence of cardiovascular diseases such as strokes and heart attack is increasing the growth of the Banana Flakes market. In banana flakes potassium is present which tackles the narrowing and hardening of arteries as a result it reduces the risks of strokes and heart attacks. According to World Health Organization (WHO), cardiovascular diseases are the leading cause of death across the globe and around 17.9 million people die per year due to cardiovascular diseases. Moreover, banana flakes helps to reduce and manage diarrhoea so that consumers are increasingly including banana products in their diet thereby increasing the growth of the Banana Flakes Market during the forecast period 2021-2026.

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Banana Flakes Market Challenges

Availability of Substitutes

Major factor that is set to impede the growth of the Banana Flakes market is availability of substitute such as corn flakes in market. Another factor which hamper the growth of market is high price of organic banana flakes.

Market Landscape

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Banana Flakes Market. In 2020, the Banana Flakes Market share is consolidated by the top ten players present in the market. The Banana Flakes Market, top 10 companies are, Diana Group, Futurcorp S.A., Orkla Group, Z Natural Foods, Naturkostbar KG, Ingredient Inc., Naturkostbar KG., Z Natural Foods, Van Drunen Farms, & Co. KG, Naturkostbar KG

Development:

In February 2020, Bunge Ltd., Van Drunen Farms, leading player in agriculture, food science, and dehydrating fruits, vegetables, and grains has partnered with FutureCeuticals to expand their product distribution network in worldwide.

Key Takeaways

Asia-Pacific dominated the Banana Flakes Market in 2020 owing to growing preference of the people towards healthy food products. The Banana Flakes Market scope for different regions will be provided in the final report.

Increasing demand of banana flakes for infant nutrition food products are set to aid the market growth of the Banana Flakes Market report.

Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Banana Flakes Market report.

Availability of substitute products and high price of banana flakes is poised to create the hurdles for the Banana Flakes Market.

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For more Food and Beverage Market reports, please click here

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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

Rapid Growth in the Agrochemicals Industry Driving the Growth of India Chloromethane Market.

New York, NY -- (SBWIRE) -- 10/18/2021 -- Indian chloromethane Market size is forecast to reach US$115.8 Million by 2026, after growing at a CAGR of 6.2% during 2021-2026. Chloromethane is also known as methyl chloride which is a clear, and colorless gas present in the atmosphere. The product belongs to an organic compound called haloalkanes. Chloromethane is an anthropogenic and naturally available chemical in the atmosphere. Chloromethane is water-soluble and highly flammable with a faint sweet smell. They are manufactured and developed by the reaction of hydrogen chloride and methanol and they can also be developed by chlorination of methane. Chloromethane finds its usage in different applications such as industrial solvents, refrigerants, silicone polymer, chemical intermediates, and others. The growing demand from different end-use industries such as pharmaceutical, automotive, construction, personal care products, and others are positively driving the market growth during the forecast period. The growing usage of silicone in various end-user industries is further driving the market growth for chloromethane over the forecast period. However, stringent regulations on chloromethane are likely to hamper the market growth during the forecast period.

COVID-19 Impact

The COVID-19 pandemic is impacting different industries, one of the few industries that were largely hit to some extent was the chemical industry. Due to the Covid-19, the government of India Imposed a lockdown to control the spread of the virus. The supply & demand side is completely disturbed and also impacted the demand for chloromethane among various end-use industries such as textile, automotive, agriculture, pharma, and others. The slowdown in construction activities and lack of workforce badly impacted the market. However, the pharma industry supported the market growth significantly, the majority of pharma companies kept their operation live during the lockdown.

India Chloromethane Market Segment Analysis: By Type

The methylene chloride segment accounted for the largest share of more than 55% in the Indian chloromethane market in 2020 and is estimated to grow at a significant rate during the forecast period. The methylene chloride type is extensively used in industrial solvent products and also used as a chemical intermediate in the manufacturing of polyurethane foams, and adhesives. The product also finds its usage in paint strippers and paint thinners. Paint strippers are widely preferred to remove paint or varnish coatings from a different surface. Methylene chloride is also used as an extraction solvent in the food & beverage industry. The carbon tetrachloride segment is expected to register a CAGR of 6.5% between the forecast period 2021-2026. Carbon tetrachloride is extensively refrigerants, fire extinguishers, and cleaning agents. The growing usage of air conditioners in the country is driving the market growth.

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India Chloromethane Market Segment Analysis: By Application

The silicones segment accounted for the largest market share of more than 15% of the market in 2020 and is estimated to grow significantly during the forecast period. The rapid growth in the electronics and personal care industry in India is driving the market growth for the silicone segment. Methyl-based silicones offer different properties such as high water repellence, flexibility, and easily soluble in organic compounds are positively impact the segmental growth. Silicones are synthetic polymers and available in different forms such as silicone resigns, silicone fluids, silicone rubbers, and silicone gels. Growing demand for lightweight materials in the automotive industry is also boosting the market growth for the silicone segment. The chemical intermediate segment is expected to register a significant CAGR rate during the forecast period. The growing agriculture activities along with the growing usage of agrochemicals are driving the market growth for the chemical intermediate segment.

India Chloromethane Market Segment Analysis - By End-Use Industry

The pharmaceutical segment dominates the market and accounted for approximately 30% market share in 2020. The presence of leading pharma companies such as Sun Pharma, Divis Laboratories, Dr. Reddys Laboratories, Cipla Limited, Aurobindo Pharma, and others are driving the Indian market growth. According to the data published by National Investment Promotion & Facilitation Agency, India is the largest provider of generic medicine globally and occupied approximately 20% share in global supply. India has approximately 261 US-FDA Pharma plants. India has approximately 3,000 pharma companies with a strong network of 10,500 manufacturing facilities.

India Chloromethane Market Drivers:

Growing usage of silicones among end-user industries

Silicone is one of the most commonly used chemical products among end-users. They offer various properties such as environmental resistance, UV stability, dielectric, transparency, flexibility, adhesion, color friendly, and others. Silicone rubber products are used for the sterilization of food processing and medical equipment due to their heat resistance property. Silicone elastomers are the best medical-grade silicones suitable for the medical industry. According to the data published by IBEF the Indian biotech industry is expected to generate US$ 100 billion by 2024-2025. The product is used to manufacture implant devices such as pacemakers, orthopedic joint implants, neurostimulators, and others. Silicones also find their usage in construction applications due to their moisture resistance, and high strength properties. According to Invest India reports, the Indian real estate sector attracted more than USD 5 billion in institution investments during 2019-2020.

Rapid growth in the agrochemicals industry

Agrochemicals are generally known as pesticides, herbicides, or fertilizers used in agricultural sectors. Agriculture is the one prominent industry in the Indian economy and contributed approximately 17% to Indian GDP during 2019–2020. India is the fourth-largest country involved in the production of agrochemicals in the world. According to data published by Fortune India, the Indian agrochemical market generated ?38,000 crores in 2020 in which domestic consumption accounted for ?20,000 crore and exports accounted for 18,000 crores. According to the World Export data, India is the fifth-largest exporter of agrochemicals in 2019 and exported pesticides worth USD 3.4 billion.

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India Chloromethane Market Challenges:

Health-related issues

Chloromethane has a faint sweet smell and is easily soluble in water. The high concentrations of chloromethane in humans cause severe neurological effects. Chloromethane gas also shows a significant impact on heart rate, blood pressure, liver, and kidneys in humans. Chloromethane can enter the body by breathing, or drinking water containing it. When chloromethane is consumed it directly enters the bloodstream fast and moves to the liver, kidneys, and brain.

India Chloromethane Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the India Chloromethane market. Major players in the Gujarat Alkalies & Chemicals Ltd, Vizag chemical, Chemplast Sanmar Ltd, Gujarat Fluorochemicals Limited, Asahi Glass Co. Ltd., AkzoNobel N.V., Dow Chemical Company, Ercros Sa, Ineos, Occidental Chemical Corporation, and others.

Acquisitions/Technology Launches
In July 2020, SRF Ltd. company announced that they are going to invest Rs 315 Crores in setting up a new chloromethane plant at Dahej, Gujarat. The new facility will produce approximately 1,00,000 tons of chloromethane yearly

Key Takeaway

The pharmaceutical market holds the maximum share in the Indian chloromethane market and is expected to grow at a CAGR of 6.9 % during the forecast period.

Silicones are widely used in structural glazing and weatherproofing applications in the construction industry. They are also helpful for constructing energy-efficient buildings. Silicones cut down material waste in the construction industry, and extend building life, with minimal costs.

Chloromethane acts as an intermediate in the manufacturing of medicinal drugs. Methylene dichloride is a widely preferred chloromethane type in the pharma industry.

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Increasing Consumer Awareness Regarding Such Drug Delivery Coupled With Rising Prevalence of Biological Therapies Are Amongst the Major Factor Projected to Impel Growth of Central Nervous System Drug Delivery Market.

New York, NY -- (SBWIRE) -- 10/14/2021 -- Central Nervous System Drug Delivery market size was valued at $ 1,538 million in 2020, and is anticipated to grow at a CAGR of 4.1% during the forecast period 2021-2026. The brain is a highly sensitive and fragile neuronal organ system that needs a regular supply of fuels, gases, and nutrients to maintain homeostasis and other vital functions. But blood-brain barrier a vasculature of the central nervous system acts as a physical barrier and imposes various obstacles. It inhibits the delivery of biological therapies agents to the CNS and imposes obstruction for delivery of a large number of drugs, including antibiotics, antineoplastic agents, and neuropeptides, to pass through the endothelial capillaries to brain. Though several drug delivery methods and strategies have been developed for CNS related disease therapeutics, most of them are proved invasive and lack the target specificity as all traditional drug delivery methods are based on trials and errors. Apart from this, maintaining normal body functions and transport of various biological therapeutic agents across biological membranes is highly essential. However, only few of the existing methods allow drugs for suitable and successful membrane permeation. Moreover, new drug delivery methods are developed based on rational drug design and using high throughput screening receptor-ligand interactions to find appropriateness of the drug among thousands of new compounds. All these factors are to boost the CNS drug delivery industry in the forecast period 2021-2026. However, governments in both developed and developing countries are encouraging cost-saving measures which is affecting the profitability of several pharmaceutical companies which is poised to hinder the Central Nervous System Drug Delivery market growth.

Central Nervous System Drug Delivery Market Segment Analysis - By Disease Type

On the basis of disease type, neurodegenerative disease segment accounted for the largest segmental revenue of the Central Nervous System Drug Delivery market in 2020. The large share can be attributed to the fact that the neurodegenerative disease is a key CNS disease which consists of multiple sclerosis, Alzheimer's disease, and Parkinson's disease and there is growing incidence for the treatment of such diseases which increases in the adoption of various drug delivery system for these disease thereby, accelerating the growth of the Central Nervous System Drug Delivery market. Furthermore, this segment is projected to dominate over the forecast period 2021-2026 with a CAGR of 4.3% as most of the consumers who are opting for treatment of such diseases are of high costs but strong pipeline products are underway which are also aiding further increase in the growth of this market.

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Central Nervous System Drug Delivery Market Segment Analysis - By Distribution Channel

In 2020, on the basis of distribution channel, hospital pharmacies segment accounted for the largest segmental revenue of the Central Nervous System Drug Delivery market on account of the notable number of inpatient and outpatient visiting to hospitals followed by the requirement of large volumes of such drug delivery and their respective drugs are to cater the market revenue for the segment.

On the contrary, retail pharmacies segment is projected to witness healthy growth throughout the forecast period 2021-2026 with a CAGR of 4.6% since there is an increasing access to the prescription drug deliveries followed by their respective discounts provided. Apart from this, owing to the customer flexibility many retail outlets are also starting to invest in such products which is also set to increase the growth of the market during the forecast period 2021-2026.

Central Nervous System Drug Delivery Market Segment Analysis - By Geography

North America is the major region dominating the Central Nervous System Drug Delivery market with a market share of 35.34% in the year 2020. This can be attributed to rising awareness of health and the growing pharmaceutical industry. Moreover, increasing neurodegenerative diseases are rising the demand for Central Nervous System Drug Delivery market. Apart from this, U.S. is the largest producer of Central Nervous System Drug Delivery in the North American market, also the country has expanded its domestic market during recent years mainly owing to its growing pharmaceutical market players market across the region.

On the other hand, Asia Pacific is projected to be the significant-growing market during the forecast period 2021-2026 owing to the emergence of pharmaceutical industry during the forecast period 2021-2026. Furthermore, increasing awareness regarding mental health and initiatives of the government and non-profit organizations in countries like China and India are paving the way for demand hence, increasing the growth of the market in Asia Pacific region.

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Central Nervous System Drug Delivery Market Drivers

Rising Adoption of Novel Technologies

The Central Nervous System Drug Delivery market driver can be attributed to the increasing demand for the adoption of modern systems which increases the use of novel Central Nervous System Drug Delivery that contributing to the growth of Central Nervous System treatments. Furthermore, there is an increase in the prevalence of various chronic diseases followed by its digitalization are also increasing the market growth of Central Nervous System Drug Delivery market.

Central Nervous System Drug Delivery Market Challenges

Pressure in Pricing Surge Down

The restraining factor that is to create a negative impact during the forecast period 2021-2026 is the increasing pressure for pricing surge down as governments in both developed and developing countries are encouraging cost-saving measures which is affecting the profitability of several pharmaceutical companies.

Central Nervous System Drug Delivery Market Landscape

Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Central Nervous System Drug Delivery market. In 2020, Central Nervous System Drug Delivery market share is fragmented by the top ten players present in the market. The Central Nervous System Drug Delivery market top 10 companies are Angiochem, D-Pharm, Biogen Inc, Otsuka Pharmaceutical Co. Ltd, Eli Lilly and Company, Merck & Co., AstraZeneca, Takeda Pharmaceutical Company Limited, Flowonix Medical, Lauren Sciences and others.

Key Takeaways

Geographically, North America region held the highest market share of 35.34% in 2020.

The factors such as the increasing consumer awareness regarding such drug delivery coupled with rising prevalence of biological therapies are amongst the major factor projected to impel growth of Central Nervous System Drug Delivery market.

Additionally, factors such as companies investing in novel innovations to improvise and evaluate their product portfolio through technological up gradations thereby, obtaining varying stability and dispensability at all levels are to create opportunities paving a way for the growth in the market during forecast period 2021-2026.

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Growing Demand for Water-based Paint Emulsions Along With the Adoption of Environmentally Sustainable Formulations Among End-users Are Positively Impacting the Market Growth During the Forecast Period.

New York, NY -- (SBWIRE) -- 10/14/2021 -- Acrylic Polymer Emulsion market size is forecast to reach US$18.1 billion by 2026, after growing at a CAGR of 6.2% during 2021-2026. The emulsion polymerization process is opted for developing acrylic polymer emulsions. The acrylic polymer droplets are combined in water and then polymerized to obtain acrylic polymer emulsions. These emulsions are versatile due to the acrylic esters functionality. The acrylic polymer emulsions are used for waterproofing, printing inks, polymer coatings, and other applications. Acrylic Polymer Emulsion finds its application in many end-use industries such as build & construction, automotive, paper & packaging, and textile due to its low volatile emission compound (VOCs) emission and excellent durability properties. The growing consumer awareness regarding water-based paints/waterborne coatings is one of the primary factors expected to propel the market growth during the forecast period. The growing packaging industry along with the increasing adoption of acrylic polymer emulsions among packaging companies are also boosting the market growth. However, the fluctuating raw material prices and stringent environmental regulations are likely to hamper the market growth during the forecast period.

COVID-19 Impact

The COVID-19 pandemic is impacting different industries, one of the few industries that were largely hit to some extent was the coating industry. Due to the Covid-19, the construction and textile industries are impacted very badly that further impacted the acrylic coating industry. The slow down in residential constructions due to lack of raw material supplies, and workforce are impacting the market negatively. The textile industry is also registered low revenue during the pandemic, which in turn drive less demand for printing ink or emulsion paints. According to the data published by the Ministry of Textiles, it is estimated that the Indian textile industry revenues have dropped by 28%-30% during the pandemic period. However, the construction, textile, and packaging companies resumed their operation in 2021, which may positively impact the market.

Acrylic Polymer Emulsion Market Segment Analysis: By Application

The coatings segment accounted for the largest share of more than 30% in the acrylic polymer emulsion market in 2020 and is estimated to grow at a significant rate during the forecast period. The acrylic polymer emulsions are widely preferred for architecture coatings. Acrylic polymer emulsions paint have a low impact on the environment and effective compared to other coatings and emulsions. Emulsion paints and coating are water-based paints used for both internal and external surfaces of the buildings. The growing demand for water-based paints & coatings and the development of low VOC paints & coatings are also driving the market growth during the forecast period.

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Acrylic Polymer Emulsion Market Segment Analysis: By End-Use Industry

The building & construction segment accounted for the largest market share of more than 25% of the market in 2020 and is estimated to grow significantly during the forecast period. The rapid growth in construction activities in emerging economies is driving the market growth. These emulsions are used as flexible waterproofing coatings on roofs, toilets, water tanks, and swimming pools. Acrylic polymers are used in rehabilitation projects for crack repairing. The increasing house renovation activities in both developing and developed nations are also positively impacting the market during the forecast period. High durability nature and excellent water resistance drive the product demand among the end-use industries.

Acrylic Polymer Emulsion Market Segment Analysis - By Geography

Asia Pacific region held the largest share of more than 35% in the acrylic polymer emulsion market in 2020, owing to the rapid growth in the infrastructural activities and growing demand for waterproofing, waterborne coating, and printing ink across the region. The growing construction of residential houses along with increasing consumer spending on waterproof emulsions are some of the positively driving factors. The growing paper & packaging industry in emerging economies such as China, India, and South Korea is boosting regional growth. The Asia Pacific region is leading textile manufacturing. According to the Eurostat analysis, approximately 75% of U.S. apparel imports are from Asian countries. The Europe region accounted for the second-largest share in the Acrylic Polymer Emulsion market. The presence of developed nations such as Germany, the UK, France, and Spain are driving the market growth. The growing demand for environment-friendly emulsion paint due to stringent environmental regulations in Europe further contributes to the growth of this market.

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Acrylic Polymer Emulsion Market Drivers

Growing demand for water-based coatings

The growing demand for eco-friendly coatings and paintings among emerging economies is driving the market growth. Water-based coatings have a low impact on the environment and effective compared to other types. Water-based coatings are the commonly used type among end-users due to their sustainable nature and excellent durability. Water-based emulsion polymers are safe and have less environmental impact compared to solvent-based polymers. Water-based emulsion finds its applications in interior and exterior architectures, adhesives, and textile industries. According to the Paint Quality Institute, water-based paints occupy about 80 percent of household paints sold in the USA. Water-based coatings are processed and manufactured by green technology. Green technology processing is eco-friendly in nature and meets safety regulations proposed by various government bodies.

Growing demand from various end-use industries

Acrylic polymer emulsions find their application in various end-use industries such as construction & buildings, automotive, textile, paper & packaging, and others. Synthetic polymer emulsion releases less VOC emission compared to other emulsions available in the market. They act as a protective waterproof layer in both interior and exterior of buildings. The paper & packaging industry uses different types of synthetic emulsion polymers for papermaking and coating operations. These coatings help to extend shelf life paper and also protect and increase aesthetic value. The rapid change in lifestyle and growing demand for packaged food are positively impacting the market. The increased penetration of smartphone and internet usage is also driving the market for the packaging industry. Acrylic polymers emulsions are also preferred in the textile industry due to their excellent adhesive property. They are used for non-woven fabrics, flannelette blankets, and laminations. According to Euratex, the European textile & clothing sector includes 160,000 small & micro textile companies and generated a turnover of Euro 162 billion during 2019-2020.

Acrylic Polymer Emulsion Market Challenges:

Volatile raw material cost

The fluctuating in raw material, prices are one of the major factors restraining the market. The change in price trends of raw materials and frequent change in currency rates are also challenging the market. The changing oil prices also impact the raw material prices globally. Oil prices play a key role in the transportation of raw materials globally. Crude oil derivatives are used as raw materials in the paints and coatings industry. In the coating industry, approximately 60 to 70 percent of the raw materials are based on petrochemicals derivatives. The cost of raw material prices is the top concern for chemical manufacturers. The changes in the supply chain ecosystem are also challenging the market growth.

Acrylic Polymer Emulsion Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Acrylic Polymer Emulsion market. Major players in the BASF, Celanese Corporation, Kamsons Chemicals Pvt. Ltd, Pexi Chem Private Limited, StanChem, Inc., Arkema, The Dow Chemical Company, Asian Paints Ltd., The Lubrizol Corporation, Xyntra Chemicals B.V. Asahi Kasei, Mallard Creek Polymers, and others.

Acquisitions/Technology Launches

In March 2021, BASF started its new production line for acrylic dispersions in Pasir Gudang, Malaysia. The new production line is engaged in the manufacturing of next-generation Acronal ECO product ranges.

In February 2021, Arkema launched its new product ENCOR® 2793 functionalized pure acrylic binder for multiple substrate primers and renovation paints. The product has an excellent adhesion profile on wood, concrete, ceramic, plastics, and many others. The product is used in a broad range of applications such as wall paints, renovation paints, and wood lacquers.

In June 2020, Celanese Corporation signed a distribution agreement with Megafarma (Azelis company), to supply emulsion polymers products (Resyn®, EcoVAE®, Tufcor®, Celvolit®, and Vinac) in Mexico city. This agreement would help Celanses company to expand its operations in Mexico.

Key Takeaways

The Asia Pacific region will dominate the market and is expected to register the highest CAGR of 9.1% during the forecast period (2021-2026). The rapid expansion of building & construction, textile, and packaging sectors are boosting regional growth.

The growing demand for water-based paint emulsions along with the adoption of environmentally sustainable formulations among end-users are positively impacting the market growth during the forecast period.

The advantages of acrylic polymer emulsions paint such as quick-drying, easy applications, and excellent durability are driving the market growth.

However, the high price of acrylic polymer emulsions compared to conventional emulsions is hampering the market growth.

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About IndustryARC
IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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Rising Demand for Hot-melt Adhesives Owing to Its High Strength, Low Surface Tension and Efficient Adhesion, in the Building and Construction Industry Would Further Drive the Growth of the Market.

New York, NY -- (SBWIRE) -- 10/14/2021 -- Hot-melt Adhesives Market size is forecast to reach US$11.4 billion by 2026, after growing at a CAGR of 6.3% during 2021-2026. Rising demand for hot-melt adhesives from applications such as packaging solutions, nonwoven hygiene products, and consumer DIY is driving the hot-melt adhesives market growth. Increasing demand for hot melt adhesives such as polyamide, polyolefins, polyurethane as an efficient solution for closing, sealing cardboard and addressing challenges such as energy conservation and product protection has further uplifted the market growth. Moreover, rising demand for flexible packaging solutions that provide extended shelf life and make goods easy to store, has stimulated new developments in manufacturing methods. Globally, the rising demand for hot-melt adhesives in packaging solutions is anticipated to create new growth opportunities for the development of the hot melt adhesives market growth.

Impact of COVID-19 Pandemic

The tragedy of COVID-19, which is declared as pandemic by the World Health Organization, had a noticeable impact on global economic growth. In the year 2020, the hot-melt adhesives market has widely affected due to the COVID-19 pandemic where most of the industrial activities were at halt. This in turn affected the demand and supply chain as well, thereby limiting the growth of the market over the year 2020.

Hot-melt Adhesives Market Segment Analysis – By Type

Ethylene Vinyl Acetate (EVA) segment held the largest share in the hot-melt adhesives market in the year 2020 and is expected to continue their dominance for the period 2021-2026. Due to the growing carbon footprint, the substitution of conventional solvent-based adhesives has made it possible to use hot-melt adhesives products in different industrial formulations. In terms of its economic viability and high efficiency, EVA resin is used as the primary raw material in hot melt processing. Also, EVA provides superior heat & UV resistance, stability in low temperatures and high resilience used in applications for packaging, footwear and electronics. The increase in product penetration in a wide range of industries, along with supportive government regulations on the use of low volatile organic compound (VOC) adhesives has raised the demand for EVA.EVA also has plastic-like properties that ensure that wax combines strength with polymeric coatings efficiently. Manufacturers are using the new hot melt dispensing systems to increase the performance and cost-effectiveness of the production line, with a wide emphasis on research & development.

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Hot-melt Adhesives Market Segment Analysis – Application

Nonwoven hygiene products segment held the largest share in the hot-melt adhesives market in the year 2020 and is expected to continue their dominance for the period 2021-2026. Hot-melt adhesives such as polyamide, polyolefins, and polyurethane among others, provide high cohesive strength, hold up well against wetness, provide superior adhesion and allow high-speed lines of production. The growth of the hot melt adhesives market has been driven by growing product advances in hygiene solutions to minimize waste, provide comfort, and improve absorption, allowing the production of unique adhesives to produce disposable hygiene products. Demand for hot melt adhesives is also increasing due to the importance of disposable hygiene products and the government measures to promote individual health & well-being. Additionally, consumers are looking for goods with enhanced features, such as better absorption and improved softness, with growing knowledge of personal hygiene, which has increased the adoption of environmentally friendly disposable adhesives. Thus, with the rising demand for nonwoven hygiene products among consumers the market for hot-melt adhesives is anticipated to rise.

Hot-melt Adhesives Market Segment Analysis – End Use Industry

Paper, Board and Packaging Industry segment dominated the market for hot-melt adhesives market in the year 2020, and is estimated to grow at a CAGR of 7.9% during 2021-2026.Hot-melt adhesives in the paper, board, and packaging industry are considered as the mainstream adhesives. For carton closing, sealing, and pallet stabilization, it is most commonly used. The usage of hot-melt adhesive widely range from the design of corrugated boxes and the lamination of printed sheets to the packaging materials used by all types of consumer goods to the manufacture of large industrial pipes and cores. While ordinary envelopes and paper bags consist of only a single layer of material, most of the packaging materials used today are laminated along with various materials. Also, in the rising industrial packaging industry, PUR hot-melt provides greater adhesion and cures better than conventional hot-melts, making it a prudent option. Thus, this has raised the demand for hot-melt adhesives by many packaging manufacturers.

Hot-melt Adhesives Market Segment Analysis – Geography

APAC dominated the hot-melt adhesives market with more than 32.4% in the year 2020. The use of hot-melt adhesives is rising in the region with the growing packaging and healthcare industries in countries such as China, India, Japan, and South Korea. Globally, China has the second-largest packaging industry and due to the rise in custom packaging, the increased demand for packaged consumer goods in the food segment, such as microwave foods, snack foods, and frozen foods, etc., the country is expected to experience steady growth during the forecast period. Moreover, India has the world's fifth-largest packaging industry, which is rising at a significant pace. The packaging industry in the country is largely driven to make their goods compact and portable by growing innovation in industries. According to the Packaging Industry Association of India, The India Packaging Market was worth US$ 50.5 billion in 2019, and is predicted to grow to US$ 204.81 billion by 2025, with a CAGR of 26.7% between 2020 and 2025. Besides this, the market for cosmetic products in the country is also growing. Thus, the rising growth of the several end use industries is expected to drive the demand for hot-melt adhesives in the region.

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Hot-melt Adhesives Market Drivers

Increasing Demand for Hot-Melt Adhesives (HMAs) in Various DIY Applications

HMAs can bind to a wide range of materials and surfaces that make them ideal for DIY applications, such as ceramic, cloth, paper, cardboard, metal, and plastics. While in developed economies such as North America and Europe, DIY is common, it is a relatively new notion. The DIY apps include art, woodworking, packaging of general products, and others. Because of its ease of use and the availability of HMA weapons, the stick type of HMA is commonly used in these applications. In contrast to emerging markets, the DIY approach is very popular in the United States and European countries, where labor and installation costs are high. In terms of floor space and labor requirements, hot-melt systems are cost-effective. This is most likely due to the expense of running large drying and curing ovens and emissions control equipment being removed. Solvent recovery and incineration devices are often removed from hot melt systems, which are inevitable for solvent-based systems. Moreover, this decreases the expense of installation and maintenance of these systems and thus increases their demand for DIY applications.

Rising Demand for Hot-melt Adhesives in Construction Industry

In the construction industry, hot-melt adhesives offer several advantages over other solvent-based adhesives. Hot-melt adhesives eliminate or reduce volatile organic compounds (VOCs), and eliminate the drying or curing step, thus due to which it is increasing being used in the construction industry. Rising demand for hot-melt adhesives in flooring and carpets, doors, garage doors, windows, tile insulation, and other applications, has further raised the demand for hot melt adhesives in the construction industry. Currently, increase in private construction activities, along with the government investments in various public building and construction projects, is likely to uplift the demand for hot-melt adhesives. For instance, The Greater Cornubia, is a mixed-use and mixed-income development with industrial, residential, commercial, and open spaces. The development includes 58,000 housing units that are to be provided by both the public and private sectors and will be available to a wide range of income groups. The project's proposed investment value is R25 billion (US$1.65 billion), with a 16-year investment (the project officially started in 2016) period (until 2032). Thus, with the rising building and construction activities the demand for hot-melt adhesives is anticipated to rise over the forecast period.

Hot-melt Adhesives Market Challenges

Strict Regulations

Hot melt adhesives, however, are susceptible to higher temperatures, which lose bond strength at higher temperatures, a key factor that restricts the growth of the global market for hot melt adhesives. According to the FDA regulation of adhesives in food packaging, manufacturers of completed food packaging must guarantee that adhesives are separated from food by a functional barrier, according to Section 175.105. Thus, hot melt adhesives must also fulfil the criteria for indirect interaction with food under Sec 175.105 of the Federal Regulations. For carton sealing of both fruit and vegetable boxes, hot melt adhesive tapes are appropriate. It is not only used in farm packaging, but also in food boxes that are prepackaged. The legislation lays down requirements for the use of hot melt adhesive in applications for food packaging. Different ASTM standards such as D4499-07(2015), ASTM D 4498-07 (2015) and D3236 describe test methods to differentiate between different adhesives on the basis of their viscosity and open time. In addition, enforcement in developing countries with strict regulations is expected to hamper the growth of the global demand for hot-melt adhesives over the forecast period.

Hot-melt Adhesives Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the hot-melt adhesives Market. Major players in the hot-melt adhesives market are Henkel AG & Co., KGaA, Arkema Group, H.B. Fuller, Ashland, Inc., Sika AG, 3M Company, Jowat Klebstoffe, Palmetto Adhesives Company, Dow Consumer Solutions, Avery Dennison Corporation, American Chemical Inc., Bostik, Inc., Huntsman Corp., Beardow & Adams Ltd., Hexcel Corporation, Worthen Industries, Sealock Ltd., Sipol spa Societa Italiana Polimeri, Wisdom Adhesives Worldwide, Tex Year Industries, Inc., Cattie Adhesives, and among others.

Acquisitions/Product Launches:

In June 2019, Jowat SE, a manufacturer of high-performance adhesives introduced PUR technology for the manufacture of hot melt adhesives. The process helps in achieving HMA's with effective long-term resistance, superior bond strength as well as high heat resistance.

Key Takeaways

Increasing advances in the development of smart vehicles and the replacement of high-performance adhesive metallic components for improved fuel efficiency and to minimize VOC emissions will increase the demand for hot-melt adhesives over the forecast period.

Rising demand for hot-melt adhesives owing to its high strength, low surface tension and efficient adhesion, in the building and construction industry would further drive the growth of the market.

Strict environmental regulations to decrease the use of solvent adhesives have changed the preference of manufacturers towards premium quality adhesives, thus, which is further estimated to hinder the market growth in the upcoming years.

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Growing Awareness About the Health Among People and Rising Incidence of Cardiovascular Diseases Are Enhancing the Growth of the Omega-3 Products Market.

New York, NY -- (SBWIRE) -- 10/14/2021 -- Omega-3 Products Market size is estimated to reach $3,700 million by 2026, growing at a CAGR of 6.1% over 2021-2026. Omega-3 fatty acids are essential nutrients that are present in certain foods such as flaxseed and fish, as well as dietary supplements such as fish oil as well as in functional foods. It is also referred to as n-3s that contains carbon–carbon double bond located three carbons from the methyl end of the chain. There are several types of omega-3 such as alpha-linolenic acid (ALA), eicosapentaenoic acid (EPA), and docosahexaenoic acid (DHA) where EPA and DHA are considered as long chain omega-3s. Omega-3 fatty acids are polyunsaturated fatty acids that are available in a variety of supplements and vitamins. The omega-3 fatty acids are also present in Cod Liver Oil that come from the liver of cod fish which contains various health benefits. Various fish types such as salmon and tuna are especially high in omega-3 fatty acids that contain docosahexaenoic Acid (DHA). Omega-3 acids such as EPA and DHA are found in dietary supplements that aid in reducing heart diseases. Growing awareness about the health among people and rising incidence of cardiovascular diseases is the major factor driving the growth of this market. Furthermore, increasing research and development activities in food and beverage industry and rising advancement in technology is set to further enhance the overall market demand for Omega-3 Products Market for the period 2021-2026.

Omega-3 Products Market Segment Analysis – By Type

The Omega-3 Products Market based on Type can be further segmented into Eicosapentaenoic acid (EPA), and Docosahexaenoic acid (DHA), and Alpha-linolenic acid (ALA). The Docosahexaenoic acid (DHA) segment is the major segment generating revenue in 2020. This is mainly owing to its effective support in the development of eye and nerve tissues that increases the consumption among consumers. Moreover, DHA is an important ingredient which is required among consumers of all ages as it helps to increase the memory power and supports in learning. The Eicosapentaenoic acid (EPA) segment is estimated to register the fastest CAGR of 7.5% for the period 2021-2026. This is mainly owing to the fact that EPA helps in preventing various diseases such as asthma, cancer, menstrual problems and many more that increases the adoption of EPA in food and beverage industry which in turn boosting the growth of Omega-3 Products market.

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Omega-3 Products Market Segment Analysis – By Application

The Omega-3 Products Market based on Application can be further segmented into Supplements and Functional Foods, Pharmaceuticals, Instant Formulas, and Others. The Supplements and Functional Foods segment registers for the highest Omega-3 Products market share in 2020. This is mainly owing to the rising consumption of dietary supplements for maintaining health among consumers and growing awareness to reduce calories in diet rising the intake of omega-3 products. Moreover, growing trends of consuming sports supplements that contain omega-3 increasing the market growth. The Pharmaceuticals segment is forecasted to register the fastest CAGR of 8.1% over 2021-2026. This is mainly owing to the fact that omega-3 is used for the treatment of various diseases such as depression, cancer, Alzheimer's, osteoporosis, and cardiovascular diseases that increases the production of omega-3 capsules in pharmaceutical industry and are thus propelling the growth of Omega-3 Products market.

Omega-3 Products Market Segment Analysis – By Geography

North America dominated the Omega-3 Products Market with major share of 45% in 2020. This is owing to changing dietary pattern that increases the demand of dietary supplements among consumers which contains omega-3. According to Center for Disease Control and Prevention (CDC), about 30.3 million people in U.S. are suffering from heart disease in 2019 that increases the consumption of omega-3 products among population and are boosting the growth of Omega-3 Products market.

However, Asia Pacific is estimated to outpace all the regions by clocking the highest CAGR of 3.05% during the forecast period 2021-2026 owing to rising health consciousness among population and changing lifestyle. In India, lifestyle changes increases the prevalence of various diseases such as diabetes, blood pressure, obesity, and cardiovascular problems. So, people are adopting omega-3 supplements that are further enhancing the market growth.

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Omega-3 Products Market Drivers

Growing Awareness about the Health

Growing health consciousness among people increases the consumption of omega-3 supplements as it helps to reduce various health issues such as heart problems, cancers and many more that increases the consumption among. Moreover, American Heart Association (AHA) also recommended to consume omeg-3 products twice a week to maintain optimum omega 3 levels in the diet that increases the preference of omega-3 supplement and therefore rising the growth of the Omega-3 Products Market over the period 2021-2026.

Rising Incidence of Cardiovascular Diseases

The incidence of cardiovascular disease increases owing to changing lifestyle patterns among consumers. According to World Health Organization (WHO), about 17.9 million people die every year owing to cardiovascular diseases that increases the demand of omega supplement among consumers in order to reduce the health diseases which further boosting the growth of Omega-3 Products Market over the period 2021-2026.

Covid-19 Impact:

COVID-19 pandemic had greatly impacted the growth of Omega-3 Products Market. During pandemic, there is a lockdown that created a disruption in the manufacturing industries owing to less availability of human resources. Moreover, production capacity also decreases among manufacturers and are negatively impacted the growth of Omega-3 Products Market.

Omega-3 Products Market Challenges

Strict Government Regulations

The factors that are set to impede the growth of the Omega-3 Products Market are the strict regulation for the approval of omega-3 supplements. Moreover, owing to regulation there is delay in manufacturing of products that is set to create hurdles for the Omega-3 Products Market.

Omega-3 Products Landscape

Product launches, acquisitions, collaboration, joint ventures, and geographical expansions are key strategies adopted by players in the Omega-3 Products Market. Omega-3 Products top 10 companies are Aker BioMarine, Axellus, BASF SE, DSM, Omega Protein Corporation, GC Reiber Oils, Wiley, Lonza, Natrol LLC, and Bionova.

Development

In March 2020, Wiley launched its new formulations of a new omega-3 concentrate in powder form that helps consumers to get rid from various diseases which further rising the market growth.

Key Takeaways

In 2020, North America dominated the Omega-3 Products Market owing to changing dietary pattern that increases the demand of dietary supplements among consumers as it contains omega acids. Moreover, rising prevalence of heart diseases increases the consumption of omega-3 products which in turn driving the market growth.

Growing awareness about the health among people and rising incidence of cardiovascular diseases are enhancing the growth of the Omega-3 Products Market.

Detailed analysis of the Strength, Weakness, and Opportunities of the prominent manufacturers operating in the market will be provided in the Omega-3 Products Market report.

Stringent regulation on omega-3 products is set to create hurdles for the Omega-3 Products Market.

Related Reports

A. EPA and DHA Omega-3 PUFA Market
https://www.industryarc.com/Report/19060/epa-and-dha-omega-3-pufa-market

B. Omega-3 Supplement Market
https://www.industryarc.com/Research/Omega-3-Supplement-Market-Research-504946

For more Food and Beverage Market related reports, please click here

About IndustryARC
IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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

The Increasing Adoption of Convenient Pressure Bandages for the Treatment of Deep Vein Thrombosis Is Driving the Growth of the Pressure Bandages Market

NewYork, NY -- (SBWIRE) -- 10/13/2021 -- Pressure Bandages Market size is estimated to reach $279.8 million by 2026, growing at a CAGR of 4.8% during the forecast period 2021-2026. Pressure bandages are an essential first-aid technique used in healthcare settings to assist healing after a serious injury. These bandages provide compression by facilitating blood clot formation to the injured blood vessels. Pressure bandages are increasingly being adopted in hospitals and home care settings owing to the rise in the incidences of deep vein thrombosis and leg ulcers. The rise in the adoption of short stretch bandages that deliver high working pressure and low resting at the site of application, increase in awareness about the benefits of polyester multi-layer compression systems, rise in the recommendation of pressure bandages for the treatment of leg ulcers to reduce pain and swelling, and the growing investment by the key players to develop advanced pressure bandages are the factors that are set to drive the growth of the Pressure Bandages Market for the period 2021-2026.

Pressure Bandages Market Segment Analysis-By Product Type

The Pressure Bandages Market based on the Product Type can be further segmented into Short Stretch Bandages, Long Stretch Bandages, and Multi-layer Compression Systems. The Short Stretch Bandages segment held the largest share in 2020 owing to the factors such as the increase in the demand for short stretch bandages that deliver high working pressure and low resting at the site of application and the rise in the adoption of low-elasticity bandages. The cost-effectiveness of the short stretch bandages is driving the growth of the Pressure Bandages Market. The Multi-layer Compression Systems segment is estimated to be the fastest-growing segment with a CAGR of 5.4% over the period 2021-2026. This growth is owing to the factors such as the growing awareness about the benefits of multi-layer compression systems and the rise in the research and development activities to develop advanced multi-layer compression systems.

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Pressure Bandages Market Segment Analysis-By Application

The Pressure Bandages Market based on the Application can be further segmented into Lymphedema, Deep Vein Thrombosis, Leg Ulcers, and Others. The Leg Ulcers segment held the largest share in 2020 owing to the factors such as the growing demand for polyester short stretch bandages for the treatment of leg ulcers and the rise in the incidences of chronic leg ulcers. The increase in the recommendation of pressure bandages for the treatment of leg ulcers to reduce pain and swelling is driving the growth of the Pressure Bandages Market. The Deep Vein Thrombosis segment is estimated to be the fastest-growing segment with a CAGR of 5.7% over the period 2021-2026. This growth is owing to the factors such as the rise in the demand for multi-layer compression systems and the growing adoption of convenient pressure bandages for the treatment of deep vein thrombosis.

Pressure Bandages Market Segment Analysis-By Geography

The Pressure Bandages Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and Rest of World. North America held the largest share with 29% of the overall market in 2020. The growth in this segment is owing to the factors such as the rise in the adoption of short stretch bandages that deliver high working pressure and low resting at the site of application and the growing demand for polyester multi-layer compression systems. The increasing adoption of convenient pressure bandages for the treatment of deep vein thrombosis is driving the growth of the Pressure Bandages Market. Asia-Pacific segment is estimated to be the fastest-growing segment over the period 2021-2026. The growth in this segment is owing to the factors such as the rise in the demand for polyester short stretch bandages for the treatment of leg ulcers and the growing investment by the key players to develop advanced pressure bandages.

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Pressure Bandages Market Drivers

Rise in the Incidences of Chronic Leg Ulcers.

The rise in the incidences of chronic leg ulcers has propelled the demand for pressure bandages owing to the increase in the recommendation of pressure bandages for the treatment of leg ulcers to reduce pain and swelling. Short stretch bandages made with polyester are increasingly being adopted for the treatment of various leg ulcers, which is one of the major factors driving the growth of the Pressure Bandages Market.

Increase in the Demand for Convenient Pressure Bandages.

Pressure bandages are highly extensible, easy to apply, and can accommodate changes in leg expansion, geometry, and contraction to allow easy movement. These bandages also sustain pressure for extended periods and allow optimal management of various diseases. Moreover, the key players are focusing on developing convenient polyester multi-layer compression systems, which is further propelling the growth of the Pressure Bandages Market.
Pressure Bandages Market Challenges

Rise in the Adoption of Low-frequency Dressings.

The key players in the market are increasing their investment to carry out various research and development activities for developing advanced short stretch bandages, long stretch bandages, and multi-layer compression systems. However, the rise in the adoption of low-frequency dressings in acute care settings owing to the possibility of contamination of wounds is one of the major factors that is estimated to reduce the growth of the Pressure Bandages Market.

Pressure Bandages Market Competitive Landscape:

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Pressure Bandages Market. Key companies of this market are Medtronic Plc, 3M, ConvaTec, Inc, Johnson & Johnson, Nitto Denko Corporation, BSN Medical, Persys Medical, Cardinal Health, Inc, Stryker Corporation, and Becton Dickinson and Company among others.

Acquisitions/Product Launches:

In January 2020, ConvaTec, Inc has launched ConvaMax™ pressure bandages that are used in the management of highly exuding wounds, such as pressure ulcers, leg ulcers, dehisced surgical wounds, and diabetic foot ulcers.

Key Takeaways

Geographically, the North America Pressure Bandages Market accounted for the highest revenue share in 2020 and it is poised to dominate over the period 2021-2026 owing to the rise in the adoption of polyester multi-layer compression systems.

The increase in the demand for short stretch bandages that deliver high working pressure and low resting at the site of the application is driving the Short Stretch Bandages segment. However, the rise in the adoption of low-frequency dressings in acute care settings is one of the major factors that is said to reduce the growth of the Pressure Bandages Market.

Detailed analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Pressure Bandages Market report.

Related Reports:

A. Adhesive Bandages Market

https://www.industryarc.com/Report/15278/adhesive-bandages-market.html

B. Medical Dressings Market

https://www.industryarc.com/Report/16157/medical-dressings-market.html

For more Lifesciences and Healthcare related reports, please click here

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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

The Rising Demand for Electric Vehicles Globally Drives the Electrical Test Equipment Market

NewYork, NY -- (SBWIRE) -- 10/13/2021 -- Electrical Test Equipment Market Size is forecast to reach $8.2 billion by 2026, at a CAGR of 6.7% during 2021-2026. The demand of wireless technology for communication, increasing in production of aircrafts and implementation of wireless technology in defense system, increased penetration of electric cars, increased R&D in autonomous vehicles, shift towards renewable energy, industry 4.0 and others has increased the use of test equipment in various industry verticals and enhanced the growth of electrical test equipment industry. In addition companies are manufacturing wide range of electrical testing equipment such as multi meter, voltmeter, hipot testers, micro ohm meters and so on for multiple purposes, such as for R&D laboratories, industries and many more. These are also used for safety testing of products for equipment manufacturing. Moreover, several companies have been focusing on launching new test equipment for various applications. In 2020, AEMC instruments introduced new portable ground resistance testers that are ideal for testing commercial, residential and light industrial grounding systems. Hence these factors are analyzed to drive the Electrical Test Equipment market in the forecast period 2021-2026.

Electrical Test Equipment Market Segment Analysis - By Service Type

Repair/after sales service has held significant market share of 39.5% in 2020. Repair/after sales service are offered by the companies helps in gaining faster resolution of the product. For repair of any equipment, precision and accuracy is utmost requirement thus companies should have a very well trained and experienced team to ensure that the repair is carried out in the shortest possible time frame. There are few types of repair service models such as repair with fixed prices, repair with time and material, priority repair and repair by exchange. Several companies provide priority repair service which include offering a quick repair service with less than 2 days. In addition, companies are now gradually strengthening their after sales service portfolio to reduce the downtime of their customers by offering repair, recalibration, maintenance and other services within a very short time. This is not only assisting to build a strong customer relationship but also gradually becoming a unique selling proposition in the indirect market space for the distributors. The growing strength of the service portfolio is set to avail significant growth opportunity for Electrical Test Equipment industry in the forecast period 2021-2026.

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Electrical Test Equipment Market Segment Analysis - By Vertical

Energy and Power is expected to witness a highest CAGR of 7.5% in Electrical Test Equipment Market in the forecast period. According to British Petroleum estimates, the world will see a 400% growth in renewable energy by 2040, which will eventually create high demand for electric test equipment to measure DC current as most renewable energy generates DC current than traditional AC current. Growth in the global population and economy and population, coupled with rapid urbanization, is anticipated to contribute to a substantial increase in energy demand for several regions. For instance, European renewable energy market is anticipated to grow significantly due to regulations made by government to reduce emissions of greenhouse gases (GHGs), particularly CO2 due to utilization of fossil fuels for generation of energy. With the emergence of this technology, several regions in Europe are planning to invest for the development of this sector. In 2019 German government has invested $425 million in in projects covering energy storage, the development of a power network designed around renewables. Electrical Test Equipment such as Ground resistance testers, Hipot testers, Micro ohm meters, multi meter, and voltmeter being widely used in renewable power generation sector, particularly for testing power performance, structural integrity, power quality and other is analyzed to witness significant adoption with the growing investments in this sector.

Electrical Test Equipment Market Segment Analysis - By Geography

Electrical Test Equipment market in North America has held significant market share of 38.5% in 2020. The growing emphasis towards increasing the 5G network coverage in North America, has been analyzed to be a major driver for electrical test equipment such as market as ground resistance testers, Hipot testers, Micro ohm meters, multi meter, voltmeter and other electrical test equipment are extensively used during installation of base stations, repair and maintenance of the existing ones and so on. The regional analysis of the electrical test equipment market is demonstrated by countries such as U.S, Canada. For instance the U.S. is one of the active participants in the league for commercializing the 5G network throughout the country. Additionally, the shift toward connected cars and intelligent transportation systems, along with increasing demand for medical devices in the wake of COVID-19, is expected to drive the electrical test equipment market share in the region. In addition, growing demand for electrical test equipment for different applications in the healthcare and telecom verticals fuel market growth in North America.

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Electrical Test Equipment Market Drivers

Rise in demand for Electric Vehicles

The electric car market has witnessed rapid evolution with the ongoing developments in automotive sector and favorable government policies and support in terms of subsidies and grants, tax rebates. Electrical test equipments such as ground resistance testers, hipot testers, Micro ohm meters, multi meter, voltmeter and other are widely used in the production and maintenance of electric cars for testing various parts and systems such as motors, power systems, batteries, charging systems, wiring, connectors and many other. So rising investments in these sector will significantly drive the growth of electrical test equipment market. For instance government of several regions are investing heavily in R&D activities. In 2019, German government has committed to invest more than $3 billion to expand electric car market growth in the region. Major manufacturers such as General Motors, Toyota, and BMW plan to release a potential of 400 models and estimated global sales of 25 million by 2025. In 2021, Ford Motor has committed to increase its investments in electric vehicles to $30 billion by 2025, up from a previous spend of $22 billion by 2023. Similarly, in 2020, Volkswagen, Chinese ventures has committed to invest $17.5 billion in electric vehicles by 2025. Hence the rising demand for electric vehicles globally drives the electrical test equipment market share in the forecast period 2021-2026.

Industry 4.0 Proving Lucrative for Electrical Test Equipment market

The emergence of Industry 4.0 in manufacturing sector has created significant outcomes for the electrical test equipment market across globe. According to the European Manufacturing Association, on an average European companies invest around 3.3% of the annual turnover of their companies in industry 4.0. Several Companies across globe are investing in Industry 4.0 as they are much focused on manufacturing innovation which is driving the adoption of several integral hardware products such as sensors, communication systems and several other. Electrical test equipment such as ground resistance testers, hipot testers, Micro ohm meters, multi meter, and voltmeter being used in production of these products as well as at the installation site for maintenance and repair, is set to witness an upsurge with the growing adoption of Industry 4.0 during 2021-2026.

Electrical Test Equipment Market Challenges

Decrease in Sales of Desktop PC

As per latest industry trends publications, the sales of Consumer PC have witnessed worst slumps in volume sales globally. Several Countries such as U.S, China, Germany, UK, and others have experienced the worst decline in volume sales of Desktop PCs. According to Mint, Worldwide PC shipments totaled 51.6 million units in the first quarter of 2020, a 12.3% decline from the first quarter of 2019, after three consecutive quarters of growth, the worldwide PC market experienced its sharpest decline since 2013 due to the COVID-19 outbreak. These kind of declining trend will negatively affect the growth of the electrical test equipment market as it widely used in testing voltage, power supply units and other components as well. The decline in the volume shipments of personal computers due to the growing adoption of convertible laptops, smartphones and tablets in the enterprises, coupled with the adoption of policies such as Bring-Your-Own-Device (BYOD) is also set to negatively impact the adoption of desktop PCs in the small, medium as well as large enterprises. This low demand of the products is set to negatively impact the procurement of electrical test equipment during the forecast period 2021-2026.

Electrical Test Equipment Market Landscape

Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Electrical Test Equipment market. Electrical Test Equipment top 10 companies include Chauvin Arnoux, Inc., Beha-Amprobe GmbH, Electrical Test Instruments, LLC (ETI), Fluke Corporation, Hubbell Incorporated, Kyoritsu Electrical Instruments Works Ltd., Megger Group Limited, PCE Holding GmbH, Scientific Mes-Technik Ltd., Testo SE among others.

Acquisitions/Product Launches

In March 2021, Anritsu launched the TRX Test module, MU887002A, to improve the efficiency of production-line inspections of wireless communication devices based on 5G and its space-saving universal wireless test set.

In 2020, Chauvin Arnoux has launched its new 2P and 3P earth testers. The new testers are suitable for work undertaken on and off-site in 600V CAT IV environments, including soils with high resistivity.

Key Takeaways

The emergence of Industry 4.0 in manufacturing sector has created significant outcomes for the electrical test equipment market across globe.

Rising demand for electric vehicles globally drives the electrical test equipment as they are widely used in the production and maintenance of electric cars for testing various parts and systems such as motors, power systems, batteries, charging systems, wiring, connectors and many other.

Electrical Test Equipment being widely used in renewable power generation sector, particularly for testing power performance, structural integrity, power quality and others is analysed to witness significant adoption with the growing investments in this sector.

Electrical Test Equipment companies are strengthening their position through mergers & acquisitions and continuously investing in research and development (R&D) activities to come up with solutions to cater to the changing requirements of customers.

Related Reports:

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https://www.industryarc.com/Report/15458/test-and-measurement-market.html

B. Material Analysis & Testing Equipment Market

https://www.industryarc.com/Report/15297/material-testing-equipment-market.html

For more Electronics Market reports, please click here

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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

The Adoption of IoT for Faster Data Communication Have Led to Advances in the Sensor Technology Are the Key Factors Driving the Global Automatic Mounter Wafer Equipment Market.

NewYork, NY -- (SBWIRE) -- 10/13/2021 -- Automatic Mounter Wafer Equipment Market Size is forecast to reach $1.2 billion by 2026, at a CAGR of 11.8% during 2021-2026. Automatic mounter wafer equipment ensures extremely safe operation while performing thin die fabrication of wafer processes in 3D IC and wafer level packaging technologies also known as wafer mounting. The rapid growth of advanced electronic controls and semiconductor devices along with consumer electronics is driving the market growth. In addition, automotive industry as system enables tape application with tape tension control, prevents air voids, and provides ideal tension for back-end process. Growth of the industry 4.0 have resulted in the major adoption of advanced semiconductor devices which are designed through wafer fabrication. This has led to the surge in automatic wafer equipment for advanced electronic controls. The adoption of IoT for faster data communication have led to advances in the sensor technology are the key factors driving the global Automatic Mounter Wafer Equipment Market.

Automatic Mounter Wafer Equipment Market Segment Analysis - By Wafer Size

The 300mm wafer chip segment held the highest market share of 28.56% in 2020 as they are more advanced owing to the mature manufacturing processes targeted for automotive, IoT and wireless. The IoT devices has increased the demand for connectivity, microcontrollers and integrated circuits due which there is a tremendous growth of the wafer mounting and fabrication. In addition, all these advance electronic controls requires wafer fabrication. Industrial IoT is high in demand boosting the requirement of automatic mounter wafer equipment as IoT is interconnected with wireless devices. IIoT and Industry 4.0 connect industrial automation devices and equipment with cloud-based systems in order to harvest information faster and to drive business value by providing new services to customers and this has provided opportunities for automatic mounter wafer equipment, thereby driving the market growth.

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Automatic Mounter Wafer Equipment Market Segment Analysis - By End Use

Semiconductor and Electronics is expected to witness a highest CAGR of 12.08% the forecast period, owing to the demand for faster, better and cheaper electronic devices drive all component manufacturers to constantly upgrade their offerings which escalate the demand for automatic mounter wafer equipment. With growing trend for miniaturization in semiconductor and electronics, there is requirement of high precision for fabrication of wafers which tend create opportunities for Industrial automation. Chinese Government had planned to launch backed investment firm of $47 billion as semiconductor fund. Increasing investments and funds for semiconductors has been providing opportunities for adoption of automatic mounter wafer equipment which is further set to drive the demand of these equipment in semiconductor industry.

Automatic Mounter Wafer Equipment Market Segment Analysis - By Geography

Automatic Mounter Wafer Equipment Market in Asia-Pacific region held significant market share of 32.45% in 2020. Growth in car manufacturing and automation in industries such as consumer electronics are said to drive the automatic mounter wafer equipment market here. Japan globally leads in IIoT automation with its use of robot and sensor products where the silicon wafers and ICs are primarily required. China had a GDP of about $14.3 trillion in 2019 and is one of the largest economies worldwide. The major industries in China other than services are manufacturing and electronics. Further, the increasing production and sales of car in countries including China and Japan is also analyzed to drive the market growth.

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Automatic Mounter Wafer Equipment Market Drivers

Growth of the consumer electronics and Telecommunication sector:

The growth of the telecommunication sector due to the evolution of wireless technology is witnessing a significant growth for the silicon wafers and ICs. The upsurge in usage of electronics devices and growth in consumer electronics industry have driven the demand for wafers and ICs for communication. According to Intelligence Node, the number of smartphone users in United States crossed $260 million in April 2020, and smartphone shipments reached $161 million in 2019. The home entertainment systems have projected a growth upto $4 billion of revenue in United States in 2019 and is further anticipated to grow in the forecast period 2020-2025. This is owing to the fact that more than 300 distinct brands of Television are available in US market. This contributed towards the positive growth of the market. The government of United Kingdom funded $5bn for the rural areas in 2020. It is an investment to enhance the communication channels in the rural areas of the UK. In 2019, Huawei a telecommunication equipment company has committed to invest up to $800 million over the next three years to expand its presence in Brazil via a new manufacturing facility in Sao Paulo. As the Brazilian telecoms are planning to make the telecom sector world's largest 5G spectrum. All these applications require wafers and ICs which are mounted by the automatic mounter wafer equipment propelling the market growth.

Emergence of Internet of Things (IoT):

Emergence of IoT has led to the growth of silicon wafers and ICs as there is a requirement of sensors, microcontrollers that can assist applications of the retrieving real-time data and others. IoT is widely being used in Canadian markets as the tracking and monitoring of vital assets have become much simpler through the use of this technology. Moreover, the movement of inventory and status of the stationary machines and containers are tracked through the use of connected sensors that transmits the location of vehicles. As IoT technology in industries mostly depend on sensors and connectors, there is increasing use of wafer chips and ICs for wireless communications. For instance, in 2019, U.K. government had invested $40 million to use industrial digital technologies to transform manufacturing productivity. By 2030, the government has also planned to raise productivity by 30% by investing more in projects that support automation which drives the market in future as it works by leveraging the IoT technology.

Automatic Mounter Wafer Equipment Market Challenges

Operational challenges accompanied by high cost:

Due to growth in the wireless technology there is demand for faster and more complex chips to optimize the performance of these chips, the industry requires new and better packages with good electrical characteristics, smaller form factors, and more I/O. The packaging and fabrication have become more complex as the defects are smaller and harder to find. In addition, the small manufacturers are facing challenges in buying the equipment as it has high price which are hindering the market growth.

Automatic Mounter Wafer Equipment Market Landscape

Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Automatic Mounter Wafer Equipment. Automatic Mounter Wafer Equipment top 10 companies include Longhill Industries Ltd., LINTEC Corporation, Nitto Denko Corporation, Takatori Corporation, Disco Corporation, Ultron Systems, Tokyo Electron Ltd., Advanced Dicing Technologies, Yamaha Motors, Syagrus Systems among others.

Acquisitions/Product Launches

In 2021, Yamaha Motors launched i-Cube10 (YRH10) for electronic components and semiconductor packages. The has high mounting accuracy and production capability for device assembly.

In 2021, Hprobe GmbH, established a subsidiary company in Germany to provide Automatic Wafer Test Equipment as it received order from Institute of Photonics Microsystems.

Key Takeaways

High adoption of IIoT for factory automation technology in industries owing to emerging technologies and precision in warehouse activities set to drive the market growth.

Semiconductors and Electronics sector is expected to witness a highest CAGR of 12.08% the forecast period, owing to Implementation of IoT in automation technology to incorporate progressive levels of factory control software components, automated material handling systems, and real-time process tool control to meet the growing and changing needs of semiconductors and electronics.

Government initiatives and investments on wireless communication infrastructure in countries such as China and India have created opportunities for Automatic Mounter Wafer Equipment.

Related Report:

A. Silicon EPI Wafer Market:

https://www.industryarc.com/Report/18467/silicon-epi-wafer-market-research-report-analysis.html

B. Semiconductor Wafer Fab Equipment Market:

https://www.industryarc.com/Report/16005/semiconductor-wafer-fab-equipment-market.html

For more Electronics related reports, please click here

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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Growing Demand for Organic Food Product Is Driving Jam, Jelly, and Preserves Market

New York, NY -- (SBWIRE) -- 10/13/2021 -- Jam, Jelly, And Preserves Market size is estimated at $1.5 billion in 2020, projected to grow at a CAGR of 3.7% during the forecast period 2021-2026. Fruits are combined with pectin and sugar to make jams, jellies, and preserves. On sliced white or brown bread, they're widely used as breakfast spreads. Crushed fruit bits and fruit puree or fruit juice are combined in jams. Preserves include larger fruit chunks or complete pieces. The completed jelly foods, such as sweet spreads, are clear or translucent and produced completely of fruit liquids. Citrus is used in marmalade and preserves as it includes the rinds as well as the inner fruit and pulp. The increased popularity of jams, jellies, and preserves as a snack packed for school-aged children is expected to drive Market. Rising innovation is increasing market demand for jam and jelly spreads, as well as satisfying shifting customer tastes. Some instances include youngberries and Blenheim apricot jams & jellies. Infusionz honey and Manuka honey have recently been introduced to the market in a variety of fruit-based jams and jellies, would drive up Jam, Jelly, And Preserves industry demand.

Jam, Jelly, And Preserves Market Segment Analysis – By Ingredient Type:

Based on Ingredient Type, Pectin Segment accounted for the largest revenue market share in 2020. Pectins are natural compounds found in fruits that, when combined with acid and sugar, form a gel. Pectin is found in all fruits. Pectin from apples, crabapples, and gooseberries is usually enough to make a gel. Other fruits, such as strawberries and blueberries, have a low pectin content and must be coupled with pectin-rich fruits or commercial pectin products to produce gels. Adding pectin to jelly or jam reduces the amount of time it takes to cook and increases the yield. Additionally, these goods offer more natural fruit flavours in Sweet spreads. Furthermore, adding pectin to hot jellies and jams eliminates the need to test for adequate gelling. Furthermore, during the forecast period, the rising income level of the target customers would have a positive effect on product demand thereby, driving the Jam, Jelly, And Preserves Industry. Fruit and Fruit Juice segment is anticipated to grow with the fastest CAGR of 4.3% in the forecast period 2021-2026. Fruit imparts a distinct flavour and color to each spread. It also provides the water needed to dissolve the remaining ingredients, as well as some or all of the pectin and acid. The best jellied items are made from high-quality, delicious fruits. Jellied items can be made from commercially canned or frozen fruit that has been preserved in its own fruit juice driving the segment growth.

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Jam, Jelly, And Preserves Market Segment Analysis – By Distribution Channel:

Based on Distribution Channel, E-Commerce accounted for the largest revenue market share in 2020 owing towards ease of availability of a wide selection of products in various flavors and uses as in various flavoring ingredient given by all brands at reasonable discounts. The growing number of smartphone and internet users is the primary driver of sector growth. These businesses give cash back and home delivery services, which contribute to the market's growth. Customers frequently purchase fruit juice processed jam, sweet spreads with various flavors and others from online websites in order to save time due to the increasingly hectic lifestyle. Major corporations, such as Big Basket, are collaborating with internet shops to broaden their customer base. They also create their online portals and websites to promote the growth of the market in order to increase product sales driving the Jam, Jelly, And Preserves Industry. Convenience Stores is anticipated to grow with the fastest CAGR of 4.7% in the forecast period 2021-2026. This is mainly attributed to the rising availability of low to high end prices products which are easily accessible aiding to the Jam, Jelly, And Preserves Industry development.

Jam, Jelly, And Preserves Market Segment Analysis – By Geography:

Based on Geography, North America Jam, Jelly, And Preserves Market accounted for the 43% revenue share in 2020. Jam, jelly, and preserve producers in North America have been observed employing ripe and semi-ripe fruits, fruit juice as well as sugar alternatives such as pectin, to make their goods more colourful and tasty. Forwarding incorporation is being used by manufacturers in this country to increase their involvement in the value chain. A new trend in this sector is expected to be the combination of processes from inbound logistics to after-sales services. This is expected to result in higher-quality and lower-cost finished goods that deliver optimal output and lifetime value. Asia-Pacific is predicted to be the fastest growing region during the forecast period 2021- 2026 owing to higher product intake which propel the Jam, Jelly, And Preserves Market.

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Jam, Jelly, And Preserves Market Drivers

The Growing Demand for Organic Food Product:

As people seek components that are both nutritious and vegan, natural jams and jelly spreads are becoming increasingly popular around the world. Focusing on the variety of flavors in food spreads is an important component of keeping products fresh on store shelves. Consumer demand for exotic fruit juice types, fruit content in products, and natural/organic claims are all growing in popularity. Traditional flavors are dominating the market, despite the introduction of new jam and jelly products like sweet spreads is expanding the industry development. Also, the rise in demand for convenience meals can be seen more prominently in developing countries, as per capita food expenditure rises in tandem with per capita income is further aiding to the industry expansion.

Jam, Jelly, And Preserves Market Challenges

High Production Cost:

The Jam, Jelly, And Preserves Market's growth is hampered owing to the high production cost of the key ingredients, product safety standards, government regulation of policy and the use of alternative technology. Growing public awareness of the dangers of certain preservation chemicals is also a key hindrance to the market's expansion.

Jam, Jelly, And Preserves Market Landscape:

The Jam, Jelly, And Preserves Market's main strategies include product launches, mergers and acquisitions, joint ventures, and regional expansion. Jam, Jelly, And Preserves Market top 10 companies are ConAgra Foods Inc, Duerr& Sons, Ferrero Group, Hartley's, Hershey Company, J.M. Smucker, Kewpie, Kraft Foods, Nestle Ltd and B&G Foods.

Acquisitions/Product Launches:

In June, 2020, Kerry expands its nutritional food range owing to increasing demand of vegan, organic and allergen-free products. This expansion helps to increase the development in food and beverage sector and thus expanding the market growth.

Key Takeaways

Jam, Jelly, And Preserves Market growth is being driven by consumers desire to eat jellies as their favourite dessert, which is met by manufacturers through a variety of products such as different shaped jellies in the form of candies and jelly powder, sweet spreads which reduces the time and effort required to make jellies at home, and jellies tailored to the preferences of consumers.

Geographically, North America Jam, Jelly, And Preserves Market held the largest revenue share of 43% in 2020 owing to the growing product consumption. The scope of the Jam, Jelly, And Preserves Market for various regions will be provided in the final report.

The Jam, Jelly, And Preserves Industry is expanding owing to adoption of a new lifestyle and the high disposable income of middle-class households, consumers' preferences have moved dramatically towards these products.

Increasing cases of emergency food quality test failures and rising health problems in younger population hampers the Jam, Jelly, And Preserves industry.

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For more Food and Beverage Market related reports, please click here

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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Growing Availability of Candies as a Snack and Increasing Need of Organic Chocolates or Sugar-free Candies Are Some Factors That Are Driving the Growth of the Bangladesh Candy Market.

NewYork, NY -- (SBWIRE) -- 10/13/2021 -- Bangladesh Candy Market size is projected to reach $399.2 million by 2026, growing at a CAGR of 7.5% over 2021-2026. Candy is referred to as confectionaries that are prepared by using sugar, honey, and other natural or artificial sweeteners. Candies are available in the form of bars, drops, or pieces and are prepared in combination with chocolate, milk, fruits, nuts, or other ingredients. Hard boiled candies are made of sugar based syrups, sucrose, liquid glucose, water, colour and flavour. Toffee candy is made by caramelizing sugar or molasses and has amazing taste. Sugar confectionaries are referred to as candies that offer a wide range of variety. Rising adoption of modern lifestyle increases the demand of healthy convenient foods, changing consumption pattern, growing availability of candies as a snack and increasing need of organic chocolates or sugar-free candies is the major factor driving the growth of Bangladesh Candy Market. In Bangladesh, the food and beverage industry are rapidly increasing owing to rising trends of consuming candies as a snack that increases the production of candies. Furthermore, rising popularity of dark chocolate and increasing disposable income among population are set to further enhance the overall market demand for Bangladesh Candy Market for the period 2021-2026.

Bangladesh Candy Market Segment Analysis – By Type

Based on Type Bangladesh Candy Market can be further segmented into Chocolate and Non-Chocolate. The Chocolate segment holds the major share in 2020. This is mainly owing to the increasing preference of chocolates among population owing to its attractive taste that attracts consumers for adopting chocolate candy. Moreover, owing to rising demand of chocolates among children manufacturers in the food and beverage industry are focusing on developing confectionary products with chocolate flavor that increasing the production of chocolate candy and thus driving the market growth. The Non-Chocolate segment is estimated to register the fastest CAGR of 8.1% for the period 2021-2026. This is mainly owing to rising popularity of consuming new flavors and textures of candies among consumers increases the demand of non-chocolate candy. Moreover, it is widely available in market with a cheaper rate that increases the adoption of non-chocolate among consumers which in turn boosting the growth of Bangladesh Candy Market.

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Bangladesh Candy Market Segment Analysis – By Distribution Channel

Based on Distribution Channel Bangladesh Candy Market can be further segmented into Supermarkets/Hypermarkets, Online Retail, Convenience Stores and Others. The Supermarkets/Hypermarkets segment recorded for the highest Bangladesh Candy Market share in 2020. This is mainly owing to the availability of separate sections of chocolates in supermarkets allowing consumers to buy chocolates in easier way. Moreover, the rising preference for mass purchasing groceries among consumers increases the demand of supermarkets as it offers a wide range of products that increases the demand of supermarkets among consumers. The Online retail segment is forecasted to register the fastest CAGR of 9.2% over 2021-2026. This is mainly owing to the rising hectic and busy schedule among consumer that are rising the preference of online retail for shopping. Moreover, variety of organic chocolates available in online that rising the demand of candies owing to health conscious people that are driving the growth of Bangladesh Candy Market.

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Bangladesh Candy Market Drivers

Rising Availability of Candies as Snack Among Population

Rising hectic and busy lifestyle among population increases the demand of convenience snack is a major factor that is increasing the growth of Bangladesh Candy Market. Moreover, manufacturers are also focusing on developing a wide range of chocolate snacks such as on-the-go-snacks, chocolate bar, and others that helps consumers to carry candies and bars in their bag. Recently, chocolates are mostly preferred among population that rising availability of candies as snacks which in turn boosting the growth of the Bangladesh Candy Market over 2021-2026.

Increasing Adoption of Organic and Sugar-Free Chocolates

Rising consciousness about health among population increases the demand for organic and sugar free candies that are driving the growth of Bangladesh Candy Market. Moreover, rising prevalence of obesity increases the preference of consumers towards low-calorie and sugar-free food products to eliminate such diseases that growing the adoption of organic candies among people which are propelling the growth of Bangladesh Candy Market over the period 2021-2026.

Covid-19 Impact:

COVID-19 pandemic had greatly affected the growth of Bangladesh Candy Market. During pandemic, the sales of candies, toffee and various confectionery products decreases owing to lockdown. Moreover, the production in food and beverage industry also declined owing to less number of manpower in production that are negatively impacted the growth of Bangladesh Candy Market.

Bangladesh Candy Market Challenges

Rising Health Awareness

The factors that is set to impede the growth of the Bangladesh Candy Market are the rising health consciousness about health that decreases the sales of candies as it contains sugar which is not healthy for health. Moreover, increasing obesity and diabetes owing to high sugar content in candies decreases the sales of candies and are set to create hurdles for the Bangladesh Candy Market.

Bangladesh Candy Market Landscape

Product launches, acquisitions, collaboration, joint ventures, and geographical expansions are key strategies adopted by players in the Bangladesh Candy Market. Bangladesh Candy top 10 companies are PRAN Rfl Group, Perfetti Van Melle, Olympic Industries Limited, ACI Foods Limited, Mondelez International Inc., Mars Incorporated, The Hershey Company, THE BANG CANDY COMPANY, Quality Candy Company, and Muskoka Candy Company.

Developments

In 2020, Perfetti Van Melle launched its first soft gummy product under the Fruit-tella brand Fruit-tella Soft Gummies have real fruit puree and are made with pectin instead of gelatin and are available in Strawberry and Raspberry and Peach and Mango varieties that further enhancing the market growth.

In 2019, Perfetti Van Melle launched Center Fresh Mints that helps to expand of the business in candy and thus driving the market growth.

Related Reports:

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https://www.industryarc.com/Report/16674/chocolate-market.html

B. Confectionery Market
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For more Food and Beverage Market reports, please click here

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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

An Increasing Need for Packed Food Due to the Rise in Working-Class People Has Fueled the Demand for Benzenecarboxylic Acid Market

NewYork, NY -- (SBWIRE) -- 10/13/2021 -- Benzenecarboxylic Acid Market size is forecast to reach US$1.4 billion by 2026, after growing at a CAGR of 5.5% during 2021-2026. Benzoic acid is a carboxylic acid with various functional properties including antifungal and antibacterial properties of potassium benzoates and others are used in the food & beverages industry. Benzoic acid to produce benzoyl chloride and phenols is also likely to remain a major driver for the benzenecarboxylic acid market. Furthermore, replacing phthalate plasticizers, as it is harmful, with benzoate plasticizer generates market opportunity for the market during the forecast period. Apart from this, benzoic acid is a constituent of Whitfield's Ointment (topical treatment of dermotophytosis) which is used for the treatment of fungal infections such as ringworm and athlete's foot. Hence, such factors are estimated to growing the consumption of benzenecarboxylic acid.

Due to COVID 19, the food industry faced some challenges regarding supply chain and production. Lockdown resulted in the restriction on demand for packed food, food trade facilities, and supply chain of foods. Hence, due to this pandemic, the food industry was also affected which hampering the benzenecarboxylic acid market growth.

Benzenecarboxylic Acid Market Segment Analysis – By Application

Benzoates lead the benzenecarboxylic acid market in 2020 including sodium benzoate and potassium benzoate owning to change in consumer preferences for packaged food & beverages. Sodium benzoate and potassium benzoate are used for food preservation. There is a significant growth witnessed for benzenecarboxylic acid by the packaged food & beverages industry due to the increased demand for frozen foods & beverages across the globe. In October 2018, Conagra acquired Pinnacle Foods Inc. (US); the acquisition helped Pinnacle foods to widen its frozen meals & snacks, and sweet treats categories. Hence, increasing preference towards packed food is estimated to the growing demand for benezecarboxylic acid.

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Benzenecarboxylic Acid Market Segment Analysis – By End-Use Industry

Food & beverages held the largest share for the global benzenecarboxylic acid market share in 2020 and is growing at a CAGR of 5.6% during this forecast period, as it is extensively used for preserving food & beverage products such as soft drinks, barbecue sauces, pickles, milk products, and among others. Benzencarboxylic acid and its salt sodium and potassium benzoate is an organic colorless compound that helps in curing the growth of fungi and bacteria. Benzoic acid is also used as a chemical reagent and it acts as an essential precursor for many organic compound syntheses. Thus, increasing the food industry is expected to boost the market size. According to the China Food Industry (CFI) almost 15,00 tons of fresh food, 1.8 million bottles of disinfectant solution, and 3 million bottles of liquid soap were sold in 2020. Thus, the growing food market is estimated to increasing the consumption of benzenecarboxylic acid.

Benzenecarboxylic Acid Market Segment Analysis – By Geography

Asia pacific dominated the benzenecarboxylic acid market with more than the share of 30% in 2020 due to growing demand from the cosmetic sector, food industry, and others in developing countries such as China and India. The Government of India is taking some initiatives to improve the food processing sector in India. Under Union Budget 2016-2017, the Government of India planned to allow two Indian dairy companies, Parag Milk Foods, and Schreiber Dynamix Dairies, to export milk products to Russia for six months, after that these companies approved for their products by Russian inspection authorities. On the other hand, China is projected to be the fastest-growing benzenecarboxylic acid market in the region, due to the increasing domestic demand for cosmetics. According to Cosmetic Europe, a personal care association, China's cosmetics market increased by 15.33 % to euro 54.9 billion (US$ 61.45 billion) in 2019 compared to euro 47.6 billion (US$ 56.21) in 2018. Hence, such factors are increasing demand for the benezencarboxylic acid.

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Benzenecarboxylic Acid Market Drivers

Increasing Consumption for Food and Beverages Preservation

Growing consumption from the food and beverage industry is likely to be a major driver for the global benzenecarboxylic acid market. Benezenecarboxylic acid is used to increase the shelf-life of products such as sparkling drinks, pickles, and fruit juice. There is also a significant growth witnessed by the packaged food & beverages industry due to the increasing demand for frozen food items & drinks across the globe. Benzenecarboxylic acid and its sodium, potassium, or calcium salts are used as food preservatives due to their effective antifungal property. The benzoate plasticizer formation is also used to protect foods against bacteria. Hence, the growing consumption due to such properties is estimated to grow the market.

Increasing Demand from Pharmaceutical Industry

Benzenecarboxylic acid is used in the treatment of athlete's foot and as an antifungal for treating diseases such as ringworm. It is also used as an antifungal agent in topical therapeutic preparations. It is used to protect against bacterial infection and drugs. It is excreted hippuric acid which is not highly toxic thus, that can be used in the treatment of skin irritation caused by insect bites, burns, and so on. Thus, increasing R&D expenditure in the pharmaceutical sector is estimated to growing the consumption of benzenecarboxylic acid. According to the European Federation of Pharmaceutical Industries and Association, the R&D expenditure in the pharmaceutical sector in the United States was increased by US$ 62.2 million in 2019 compared to US$ 55.7 million in 2018. In Europe, this expenditure increased by euro 36.3 billion (US$ 40.63 billion) in 2019 compared to euro 35.4 billion (US$ 41.80 billion) in 2018. Hence, such factors are increasing the demand for benezenecarboxylic acid.

Benzenecarboxylic Acid Market Challenges

Health Hazardous Associated with Benzencarboxylic Acid

Repetitive uses of benezenecarboxylic acid and exposure may damage the lungs and digestive tracts. It irritates the nose and throat during inhalation, which may cause coughing, wheezing, or shortness of breath. Exposure to benzoates in high concentrations, particularly in susceptible individuals, may cause a skin allergy. Additionally, excessive use of this acid may cause permanent eye injury. Hence, due to various health effects, it may limit the consumption of benezencarboxylic acid.

Benzenecarboxylic Acid Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Benzenecarboxylic Acid Industry. Major players in the Benzenecarboxylic Acid Market are astman Chemical, Emerald Performance Materials, Fushimi Pharmaceutical, San Fu Chemical, Foodchem, Velsicol Chemical, Hebei Smart Chemicals, Liao Ning Huayi Chemical, Chemcrux Enterprise Limited, Apollo Scientific, Huangshi Taihua Industry, Novaphene, Sinteza S.A, Ganesh Benzoplast Limited, Hubei Phoenix Chemical, and among others.

Acquisitions/Technology Launches

In 2019, Emerald Performance Materials launched two new Kalama VITROFLEX range of benzoate plasticizers, namely, Kalama VITROFLEX A90 and Kalama VITROFLEX A99. These products provide high-performance formation and eco-friendly alternatives to existing technologies.

In 2019, Gabriel Performance Products, a U.S.-based producer of specialty chemicals including coatings and adhesives, acquired from Deltech Resin Company a subset of alkyd resins products. This acquisition is expected to boost the alkyd resins product portfolio.

Key Takeaways

Asia Pacific dominates the global benzenecarboxylic acid market due to increasing demand for packed food in Asian Countries such as India, China, Japan, and others.

An increasing need for packed food due to the rise in working-class people has fueled the demand for benzenecarboxylic acid.

Increasing the uses of benzoate plasticizers for consumer goods and potassium benzoate for the preservation of foods is likely to propel the demand for benzenecarboxylic acid.

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For more Chemicals and Materials Market reports, please click here

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The Increasing Demand for Various Medical Carts To Improve the Accessibility of Electronic Medical Records Is Driving the Growth of the Medical Carts Market

NewYork, NY -- (SBWIRE) -- 10/13/2021 -- Medical Carts Market size is estimated to reach $5.3 billion by 2026, growing at a CAGR of 14.8% during the forecast period 2021-2026. Medical Carts are durable and lightweight mobile carts are used in healthcare facilities for transporting and storing medications, medical supplies, and emergency equipment. Medical carts are increasingly being adopted in hospitals and physician offices across the world owing to the growing importance of quick accessibility to critical medical supplies. The rise in the availability of technologically advanced mobile computing carts in hospitals, increase in awareness about the importance of wall mounted workstations in improving efficiency and enhancing safety, rise in the demand for various medical carts to improve the accessibility of electronic medical records, and the growing investment by the key players to develop advanced medical carts are the factors that are set to drive the growth of the Medical Carts Market for the period 2021-2026.

Medical Carts Market Segment Analysis - By Product Type

The Medical Carts Market based on the Product Type can be further segmented into Mobile Computing Carts, Medication Carts, Wall Mounted Workstations, Medical Storage Columns, Cabinets, & Accessories, and Others. The Mobile Computing Carts segment held the largest share in 2020 and is also estimated to be the fastest-growing segment with a CAGR of 15.3% over the period 2021-2026. This growth is owing to the factors such as the increase in the availability of technologically advanced mobile computing carts in hospitals and the growing focus on the development of easy-to-implement technologies. The rise in the importance of quick accessibility to critical medical supplies is driving the growth of the Medical Carts Market. The Wall Mounted Workstations segment held the second-largest share in 2020 owing to the factors such as the growing government initiatives for enhancing the adoption of wall mounted workstations and the rise in awareness about the importance of wall mounted workstations in improving efficiency and enhancing safety.

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Medical Carts Market Segment Analysis - By End User

The Medical Carts Market based on the End User can be further segmented into Hospitals, Ambulatory Surgical Centers, Physician Offices, and Others. The Hospitals segment held the largest share in 2020 owing to the factors such as the increase in the demand for various medical carts to improve the accessibility of electronic medical records in hospitals and the rise in the availability of technologically advanced mobile computing carts in hospitals. The growing focus on patient engagement to enhance involvement in hospitals is driving the growth of the Medical Carts Market. The Physician Offices segment is estimated to be the fastest-growing segment with a CAGR of 15.8% over the period 2021-2026. This growth is owing to the factors such as the rise in the demand for wall mounted workstations in physician offices and the growing adoption of one-stop solutions that can be used for various medical needs and take up less space.

Medical Carts Market Segment Analysis - By Geography

The Medical Carts Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and Rest of World. North America held the largest share with 28% of the overall market in 2020. The growth in this segment is owing to the factors such as the rise in the availability of technologically advanced mobile computing carts in hospitals and the growing importance of quick accessibility to critical medical supplies. The increasing demand for various medical carts to improve the accessibility of electronic medical records is driving the growth of the Medical Carts Market. Asia-Pacific segment is estimated to be the fastest-growing segment over the period 2021-2026. The growth in this segment is owing to the factors such as the rise in awareness about the importance of wall mounted workstations in improving efficiency and enhancing safety and the growing investment by the key players to develop advanced medical carts.

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Medical Carts Market Drivers

Rise in the Demand for Mobile Computing Carts

Healthcare facilities are increasingly adopting mobile computing carts at the end of each ward to improve patient outcomes by ensuring that the doctors access all relevant information. Mobile computing carts also enable the lab to share the outcomes directly to the patient files and safeguard confidential information, which is one of the major factors driving the growth of the Medical Carts Market.

Technological Advancements in Medical Carts

The key players of medical devices across the world are focusing on developing advanced medical carts to meet the growing customer demand. Moreover, the key players are changing their product portfolio to include advanced products such as wall mounted workstations with batteries and automated dispensing systems, which is further propelling the growth of the Medical Carts Market.

Medical Carts Market Challenges

High Cost of Medical Carts

The key players in the market are increasing their investment to carry out various research and development activities for developing advanced mobile computing carts to improve the accessibility of electronic medical records. However, the high cost of medical carts is one of the major factors that is estimated to reduce the growth of the Medical Carts Market.

Medical Carts Market Competitive Landscape:

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Medical Carts Market. Key companies of this market are Ergotron, Inc, AFC Industries, Enovate Medical, ITD GmbH, Harloff Manufacturing Co, Medline Industries Inc, Performance Health, Hergo Ergonomic Support Systems, Inc, Advantech Co., Ltd, and Capsa Healthcare among others.

Acquisitions/Product Launches:

In April 2021, Enovate Medical has launched Encore RX2™ medical cart to mitigate medication security risks, reduce nursing fatigue, and achieve a 40 percent weight reduction over conventional medication carts.

In December 2020, Capsa Healthcare has launched a new Kidney Cart, an ultra-lightweight documentation cart to mobilize electronic medical records in a care facility and to support the market's need for a versatile and spacious workstation.

In August 2019, Advantech Co., Ltd has launched an AMiS-50E medical cart with a power system for supporting a range of healthcare applications. It is ergonomically designed and lightweight to ensure high mobility.

Key Takeaways

Geographically, the North America Medical Carts Market accounted for the highest revenue share in 2020 and it is poised to dominate over the period 2021-2026 owing to the rise in the adoption of various medical carts to improve the accessibility of electronic medical records.

The increase in the availability of technologically advanced mobile computing carts in hospitals is driving the Hospitals segment. However, the high cost of medical carts is one of the major factors that is said to reduce the growth of the Medical Carts Market.

Detailed analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Medical Carts Market report.

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For more Lifesciences and Healthcare related reports, please click here

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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

Increase in the Consumption of Bakery Products Is Increasing the Growth of the GCC Bakery Ingredients Market.

NewYork, NY -- (SBWIRE) -- 10/12/2021 -- GCC Bakery Ingredients Market size is forecast to reach $7.1 billion by 2026, growing at a CAGR of 7.8% during the forecast period 2021-2026. Bakery ingredients helps to maintain freshness, softness, & taste of the food while improving its shelf life. It also helps in increasing the protein content of the baked food and helps in determining the flavor & texture of the food. It is regarded as the basic food for nutrition that is available in various varieties in the market such as sweetener, leavening agent, enzymes, emulsifier, preservative, and baking powder among others. Increasing incidences of chronic diseases, increasing demand for gluten free products, and increasing health conscious consumers are the major factors driving the growth of the market. Rising incidences of the malnutrition, increasing concerns regarding fitness, and lack of vitamins intake is set to further enhance the overall market developments of the GCC Bakery Ingredients Market for the period 2021-2026.

GCC Bakery Ingredients Market Segment Analysis – By Ingredients Type

Baking Powder held the largest share in the GCC Bakery Ingredients Market in 2020 and is estimated to grow at a CAGR 8.1% during the forecast period 2021-2026. This is owing to the increasing demand of it by the consumers for increasing the volume and lightening the texture of the baked goods. It is a chemical leavening agent that is a mixture of weak acid and carbonates/bicarbonates. Baking powder is a ready to use mixture that is used to make bread, muffins, pizza dough, and biscuits among others. Acid base reaction occurs in it through which bubbles are released in the wet mixture and then it expands. Baking Powder is estimated to register the higher CAGR over the period 2021-2026.

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GCC Bakery Ingredients Market Segment Analysis – By Applications

Bread held the largest share in the GCC Bakery Ingredients Market in 2020 and is estimated to grow at a CAGR 8.5% during the forecast period 2021-2026. This is owing to the increasing consumption of bread as a part of diet and a source of energy. Bread is a source of vitamin B & E, protein, and carbohydrates. The increasing awareness regarding the healthy diet is also expanding the growth of the segment. It reduces the cholesterol level in the body and increases the dietary fibres along with the vegetable proteins. There is an increasing demand for various varieties of the bread such as wholemeal bread. Bread are estimated to register the higher CAGR over the period 2021-2026.

GCC Bakery Ingredients Market Segment Analysis – By Country

Saudi Arabia dominated the GCC Bakery Ingredients Market with a major share of 39.9% in 2020. This is attributed to the increasing government initiatives to enhance consumer knowledge towards new innovations in the field of bakery ingredients, and increasing focus on the research & development to adopt bakery ingredients in food that offers health benefits. Increasing inclination of the consumers towards the healthy diet, and increasing number of applications in the food industry is also increasing the growth of the market in this region.

GCC Bakery Ingredients Market Drivers

Increase in the Consumption of Bakery Products

Increase in the consumption of bakery products is increasing the growth of the GCC Bakery Ingredients Market. Bakery products & confectionery serves as a basic food items for nutrition. The demand for bakery products is increasing owing to the increasing demand for nutritional food and increase in the preference of consumers towards the tasty, attractive, and textured bakery products. Lower price, high nutritional value, and easy accessibility associated with the bakery products are rising the growth of the market. Thus, increasing the growth of the GCC Bakery Ingredients Market during the forecast period 2021-2026.

Increasing Shift of the Consumers towards the Veganism

Increasing shift of the consumers towards the veganism is increasing the growth of the GCC Bakery Ingredients Market. This is owing to the increasing awareness of the consumers regarding the health, social impact, and sustainability. There is an increasing shift of the consumer towards the veganism owing to the animal welfare, and personal health. Also, there is an increasing demand of the plant based foods such as muffins, buns, bread, and vegan cake among others. Thus, increasing the growth of the GCC Bakery Ingredients Market during the forecast period 2021-2026.

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GCC Bakery Ingredients Market Challenges

Lack of Awareness Regarding the Products and Stringent Regulations

Some of the factors that are set to impede the growth of the GCC Bakery Ingredients Market are lack of awareness regarding the bakery ingredients and increasing government regulations. Increasing international quality standard is also set to hinder the growth of the market during the forecast period 2021-2026.

GCC Bakery Ingredients Market Landscape

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the GCC Bakery Ingredients Market. In 2020, the GCC Bakery Ingredients Market share is consolidated by the top ten players present in the market. The GCC Bakery Ingredients Market, top 10 companies are Dawn Food Products Inc, Corbion, Cargill, Archer Daniel Midland Company, Kerry Group PLC, Novozymes, and AAK AB among others.

Key Takeaways

Saudi Arabia dominated the GCC Bakery Ingredients Market in 2020 owing to the increasing incidences of diseases and increasing health concerns. The GCC Bakery Ingredients market scope for different regions will be provided in the final report.

Increasing usage of nutritional supplements and increasing consumer inclination towards healthy diets are likely to aid the market growth of the GCC Bakery Ingredients Market report.

Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be GCC Bakery Ingredients Market report.

Lack of awareness regarding the products and stringent regulations is poised to create the hurdles for the GCC Bakery Ingredients Market.

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Increasing Automotive Production Driving the Growth of Advanced Carbon Materials Market.

NewYork, NY -- (SBWIRE) -- 10/12/2021 -- Advanced Carbon Materials Market size is forecast to reach US$7.6 billion by 2026, after growing at a CAGR of 5.8% during 2021-2026, owing to the increasing usage of advanced carbon materials in various end-use industries such as automotive, aerospace, infrastructure, electronics, healthcare, sports, and more. The growing demand for carbon fiber-reinforced plastics in the construction industry and the increasing emphasis on lightweight composites from the automotive and aviation industries are major factors driving the advanced carbon materials market. The rapid growth of the construction industry has increased the demand for carbon nanotubes, and nanocrystalline diamond; thereby, fueling the market growth. Furthermore, the flourishing automotive and aerospace industry is also expected to drive the advanced carbon materials industry considerably during the forecast period.

COVID-19 Impact

Imports and exports of different goods globally have been affected by the COVID-19 pandemic outbreak. Import sanctions have been levied by different governments, which are greatly affecting the supplies. The advanced producers of carbon products often face problems such as delays in obtaining raw materials, which further contribute to delayed shipments to the consumer. Also, the quality of some raw materials has deteriorated significantly and shipment orders are seriously affected by the lack of vessel availability and blank sailing, which is having a major effect on the growth of the advanced carbon materials industry. Also, since the industries which require advanced carbon materials for manufacturing products such as automotive and aviation are shut down, the demand for advanced carbon materials such as carbon nanotubes, diamond-like carbon, and graphite have disruptively fallen, which is limiting the advanced carbon materials market growth during the pandemic

Advanced Carbon Materials Market Segment Analysis – By Product Type

The carbon fibers segment held the largest share in the advanced carbon materials market in 2020 and is growing at a CAGR of 6.3% during 2021-2026, owing to the various advantages it offers. Carbon fiber is a low-density, high-strength-to-weight ratio material. This implies that without getting bogged down like steel or aluminum, carbon fiber is durable, making it suitable for applications such as automobiles or airliners. In addition, carbon fiber-reinforced plastic is known for its high tensile strength and is naturally resistant to oxidization, which makes carbon fiber-reinforced plastic well suited for environments where it might be exposed to saltwater or corrosive chemical agents. All these extensive characteristics of carbon fibers are the key factors boosting the demand for carbon fibers during the forecast period.

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Advanced Carbon Materials Market Segment Analysis – By Technology

The chemical vapor deposition (CVD) segment held the largest share in the advanced carbon materials market in 2020. Due to its high throughput, high purity, and low cost of operation, CVD has become the key method of film deposition for the semiconductor industry. CVD is also commonly used in optoelectronics applications, optical coatings, and coatings of wear-resistant parts, which often uses advanced carbon materials such as diamond-like carbon. CVD has many benefits over physical vapor deposition (PVD) approaches, such as greater evaporation and sputtering of molecular beams. CVD uses source materials that flow into the process chamber from external reservoirs and can be refilled without polluting the growth atmosphere. Furthermore, CVD does not require a high degree of vacuum and, in general, can process substrates in larger batches. Furthermore, during the processing of advanced carbon materials, the CVD approach is more forgiving in terms of tolerance for precision in process conditions. As a result, during the forecast period, these are the major factors driving the chemical vapor deposition segment's development.

Advanced Carbon Materials Market Segment Analysis – By End-Use Industry

The aerospace segment held the largest share in the advanced carbon materials market in 2020 and is growing at a CAGR of 8.7% during 2021-2026, owing to the increasing usage of advanced carbon materials in the aerospace industry. The market for advanced carbon materials from aerospace & defense is motivated by the revolutionary product design of compact integrated circuits suitable for high-temperature operations in high-speed military airplanes. Also, the emphasis on the development of lightweight aircraft has resulted in the creation of composite-derived wing boxes. The demand for advanced carbon materials is enhanced by the material requirements of these lightweight systems. In the aerospace industry, advanced carbon materials are commonly used to improve production, maximize performance, and lower weight or aircraft. Thus, all these advantages associated with advanced carbon materials are the major factor driving the demand for advanced carbon materials in the aerospace industry during the forecast period.

Advanced Carbon Materials Market Segment Analysis – By Geography

Europe region held the largest share in the advanced carbon materials market in 2020 up to 39%, owing to the increasing demand for advanced carbon materials from the flourishing aerospace industry in the region. According to the Department for International Trade (DIT), the UK aerospace sector is the second largest in Europe and third-largest globally. Passenger numbers have been rising for seven years, and UK passenger traffic is expected to increase from 284 million last year to 435 million by 2050. According to International Air Transport Authority (IATA), the air transport sector makes a major contribution to Denmark's economy. The Air transport market in Denmark is forecast under the "current trends" scenario to grow by 29% in the next 20 years. This would result in an additional 5 million passenger journeys by 2037. Thus, the aerospace industry is growing at a rapid rate in European countries to meet rising demand. Thus, with the flourishing aerospace industry, the demand for advanced carbon materials will also subsequently increase, which is anticipated to drive the advanced carbon materials market in the European region during the forecast period.

Advanced Carbon Materials Market – Drivers

Increasing Automotive Production

Carbon fiber-reinforced plastics (CFRP) are significantly lighter than conventional materials. Therefore, the growing use of composite structures for component production is evident. They decrease vehicle weight and therefore ensure lower emissions of CO2. These lightweight materials and components are used for example for body and chassis parts and also in battery housings. China is the world's largest vehicle market, according to the International Trade Administration (ITA), and the Chinese government expects the production of automobiles to reach 35 million by 2025. According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), the production of passenger cars in Africa was 776,967 in 2018, which then increased to 787,287 in 2019, a total increase of 1.3%. According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), the production of light commercial vehicles has increased from 1,348,932 in 2018 to 1,431,904 in 2019, an increase of 6.2% in Canada. Thus, increasing automation production will require more Carbon fiber-reinforced plastics for manufacturing lightweight automotive components, which will act as a driver for the advanced carbon materials market during the forecast period.

Flourishing Electrical and Electronics Industry

The remarkable ability of nanocrystalline diamond and graphite to conduct electricity while dissipating or transmitting heat away from essential components makes it a perfect material for electronic applications such as semiconductors, electrical motors, and even modern battery manufacturing. Flexible graphite and nanocrystalline diamond are effective for electronic applications, specifically electromagnetic interference (EMI) gaskets, resistive heating, thermoelectric-energy generation, and heat dissipation. According to China's National Integrated Circuit Development Promotion Outline, in 2022, the production of ICs in China will increase at an annual average rate of over 14 percent. According to Invest India, India's share in global electronics manufacturing has grown from 1.3% in 2012 to 3% in 2018. Moreover, by 2025, India's consumer electronics and appliance industry is expected to become the fifth-largest in the world. A US$800 billion to US$1 trillion digital economy could be generated by India by 2025. Thus, with the flourishing electrical and electronics sector, the demand for graphite will also eventually increase, which acts as a driver for the advanced carbon materials market growth during the forecast period.

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Advanced Carbon Materials Market – Challenges

Health Hazards Related to Advanced Carbon Materials

Advanced carbon materials such as carbon nanotubes are widely used nowadays due to ease of synthesizing when compared with other types of CNTs due to their properties, such as high strength, diameter length ratio, and more. The simple addition of CNTs does not produce the desired outcomes in the rubber mixture as nanotubes coagulation because of its strong van der Waals attraction results in poor dispersion in a high viscosity of elastomer. The modification on the surface of the nanotubes is done using carbon black as fillers to overcome this problem. Carbon black particles can, however, irritate the lungs and cause coughing while irritating the eyes, nose, and throat when inhaled. However, the particles can lie deep in their lungs when individuals are exposed to high carbon black levels for several years, leading to bronchitis and ultimately a chronic condition called obstructive pulmonary disease. Longer fibers of carbon nanotubes may also find their way deep into the lungs, which can cause mesothelioma cancer in the tissue lining the lung in the worst case. All these health risks may restrain the advanced carbon materials market.

Advanced Carbon Materials Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the advanced carbon materials market. Major players in the advanced carbon materials market are Hexcel, Zoltek, Mitsubishi Rayon, Toray Industries, Arkema S.A., Showa Denko K.K., Toho Tenax Co. Ltd., Hanwha Chemical, Graphenea, and Nippon Graphite Fiber Corporation.

Acquisitions/Technology Launches

In July 2020, two German carbon fiber recycling firms, CFK Valley Stade Recycling GmbH & Co., were acquired by Mitsubishi Chemical Corporation. As part of the company's efforts to foster a circular economy, KG (CFK) and carboNXT GmbH (carboNXT) through its subsidiary Mitsubishi Chemical Advanced Materials AG
In February 2020, Zoltek Companies, Inc. announced that a portion of its carbon fiber manufacturing now uses renewable energy. This Zoltek location is the world's largest fully integrated carbon fiber plant at 15,000 MT of annual production.

Key Takeaways

Europe dominates the advanced carbon materials market, owing to the increasing automotive industry in the region. According to Statistics Netherlands (CBS), the total number of vehicles on roads registered on 1 January of each year in Netherlands increased from 1,12,87,017 in 2018, to 1,14,95,837 in 2019, to 1,17,03,420 in 2020.

Due to its superior properties including excellent rigidity, strong tensile strength, low thermal expansion, and good temperature resistance, carbon fibers, carbon nanotubes (CNT), graphene, structural graphite, and carbon foams are commonly used engineering materials. It is expected that these properties of advanced carbon materials will accelerate market growth

Due to the Covid-19 pandemic, most of the countries have gone under lockdown, due to which the projects and operations of various industries such as aerospace, electronics, and automotive are disruptively stopped, which is hampering the advanced carbon materials market growth.

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For more Chemicals and Materials Market reports, please click here

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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Stringent VOC Regulations Imposed by the Asia Pacific Government Driving the Growth of Radiation Curable Coatings Market

NewYork, NY -- (SBWIRE) -- 10/12/2021 -- Radiation Curable Coatings Market size is forecast to reach US$11.8 billion by 2026, after growing at a CAGR of 6.4% during 2021-2026. Radiation curable coatings are often manufactured using electron beam curing or ultraviolet curing technology. Radiation curable coatings improve surface characteristics, provide an anti-slip effect, and displays excellent stability in hot and cold environmental conditions, owing to which it is largely employed in applications such as mechanical tubing, printing inks, packaging, furniture, photovoltaics, appliances, and more. They are solvent-free, avoiding the release of volatile organic compounds (VOCs) into the atmosphere and shielding the environment from their harmful effects. Thus, a significant factor for this industry is the growing government regulations regulating the content of the VOC. Furthermore, the flourishing petrochemical, metallurgy, chemical, and construction sector is projected to substantially drive the radiation curable coatings industry during the forecast period.

COVID-19 Impact

The COVID-19 pandemic outbreak is having a huge impact on the steel sector, on which the radiation curable coatings market is highly reliable. Domestic steel demand has subdued until sectors such as auto, infrastructure, real estate construction, electronics, and consumer durables post a sustained recovery. Compared to flat steel, the use of long steel products, mainly used in the manufacturing, construction, and capital goods industries, is expected to recover faster compared to flat steel, where demand is driven by end-user segments such as automotive and domestic appliances. There has been a temporary suspension of construction activities, and automotive production in various regions, which adversely affected the growth of the radiation curable coatings market.

Radiation Curable Coatings Market Segment Analysis – By Ingredient

The oligomers and photo-initiator segments held a significant share in the radiation cured coatings market in 2020. Radiation curable coating consists of oligomers, monomers, photo-initiators, and additives. Popular oligomers include polyester, polyether, urethane, acrylic, and silicone acrylates. The purpose is similar to water-borne and solvent-borne paints, which provide durability, strength, and resistance to corrosion. In radiation curable coatings, monomer serves as a solvent and forms a cross-linking polymer network, thereby minimizing viscosity. The photo-initiator activates the process of network creation and plays a vital role in attaining the desired film property. In radiation curable coatings, additives are used to enhance and adjust functions, including pigments, defoamers, viscosity control, and wetting agents.

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Radiation Curable Coatings Market Segment Analysis – By Technology

The ultraviolet curing segment held the largest share in the radiation cured coatings market in 2020 and is growing at a CAGR of 7.3% during 2021-2026. Using UV technology, radiation-cured coatings provide advantages such as the ability to coat on heat-sensitive substrates, enhanced durability, i.e., scratch and stain resistance of the plastics over the electron beam curing technology. Such advantages are driving the growth of radiation-cured coatings as printing inks on plastics. In contrast to thermal, evaporative, or oxidative (air-dry) cure, radiation curable coatings use visible light, UV energy, and low-energy electrons (EB) to form a film, printing inks, or coating. The ultraviolet curing based radiation curable coatings are widely used in the food & beverage industry and specialty can manufacture owing to its characteristics including protecting metal from high temperature, which in turn improves dimensional stability, provides glossy finishing and smooth metal surface, which is the major factor driving the ultraviolet curing segment growth.

Radiation Curable Coatings Market Segment Analysis – By End-Use Industry

The industrial segment held the largest share in the radiation curable coatings market in 2020 and is growing at a CAGR of 9.6% during 2021-2026, owing to the increasing usage of radiation curable coatings in the industrial sector. Metal (steel, aluminum, copper, and more) forms a chief component in most industrial applications. The radiation-cured coatings provide corrosion protection, abrasion resistance, impart functional (anti-fingerprint) and desired appearance (gloss) properties, and enhance impact, chemical, and scratch resistance to different metal substrates. Radiation curable coatings are also utilised as protective films for construction steel and aluminium, as well as temporary and permanent protective coatings for metal tubes and pipes, fence posts, electrical conduit, sprinkler systems, and mechanical tubing. Also, radiation curing coatings are used as an abrasion and heat-resistant coatings for magnetic wires used in transformers, engines, and other industrial components, owing to which radiation curable coatings are largely utilized in the industrial sector during the forecast period.

Radiation Curable Coatings Market Segment Analysis – By Geography

Asia-Pacific region held the largest share in the radiation curable coatings market in 2020 up to 42%, owing to the flourishing petrochemical, metallurgy, and chemical industry in the region. According to Invest India, the chemicals and petrochemicals business in India is predicted to rise to US$300 billion by 2025, from roughly US$165 billion in 2019-20. Over the next five years, demand for chemical products is predicted to expand at a rate of about 9% per year. According to the International Copper Association (ICA), China's copper consumption is expected to increase by 232 kt per year by 2025 due to the installation of higher-efficiency industrial engines and distribution transformers, the electrification of new railways, and the introduction of new energy vehicles (NEVs) for industrial use. Thus, with the increasing chemical, petrochemical industry, and with the increasing consumption of copper in the Asia Pacific, there will be an upsurge in the demand for radiation curable coatings for steel protection, which is expected to significantly propel the market in the region.

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Radiation Curable Coatings Market Drivers

Stringent VOC Regulations Imposed by the Asia Pacific Government

Radiation curable coatings are eco-friendly and endorse environmental conservation measures by minimizing VOC emissions from the government. For both interior architectural coatings (National Standard GB 18582-2008) and exterior wall coatings, China has set standards for (GB 24408-2009). China has recently adopted a new law, formally known as the "Finance Tax (2015) Notification on the Imposition of Battery and Coating Products Consumption Tax." The regulations placed on manufacturers of coatings include a 4 percent tax on the invoice price of any coating with a VOC level of ready-to-spray above 420 g/L. India does not currently have mandatory VOC legislation, but several businesses are concentrating on complying with Green Seal GS-111 standards. This specification sets standards for the climate, health, and performance and covers items intended for wallboard, tile, metal, wood, composite wood, concrete, stone, masonry, and terrazzo substrates, as well as other substrates for architecture. These growing regulations in Asia-Pacific are expected to support the growth of the radiation curable coatings.

Expanding Automotive Industry

Expanding the automotive sector has fueled steel demand. Rising steel demand from the industries fuels the demand for radiation-cured coating for corrosion protection of steel components such as metal tubing. It is used in the industry, due to its characteristics including metal protection from high temperatures, which in turn improves dimensional stability, provides glossy finishing, and a smooth metal surface. According to the International Trade Administration (ITA), the Chinese government is expecting that automobile production will reach 35 million by 2025. In January 2018, South Africa's total motor sales were estimated at 54,620, which increased to 55,156 in January 2019, according to Stats Sa. According to the Korea Trade & Investment Promotion Agency (KOTRA), there is a strong demand for commercial vehicles in Saudi Arabia. The commercial vehicle sales were about 82,027 units in 2018 and is expected to reach about 97,188 by 2023. Further, these resist scratch and have high surface strength without losing the ductility of metals used in the manufacture of steering wheels, roof racks, and truck axles in the automotive sector. Thus, the increasing automobile production acts as a driver for the market.

Radiation Curable Coatings Market Challenges

Drawbacks Associated with the Radiation Curable Coatings

The most critical problem is the limited supply of appropriate curable radiation coatings. For this application to achieve its potential, more options are still needed. Because of complex component geometries, many manufacturers are also worried about its ability to achieve maximum curing. Radiation curing requires that all surfaces of the coating be exposed to the UV or EB rays. Many industrial metal parts have small shadow areas or are built in such a way that not all areas can be viewed in such a way that the light gets close enough to the surfaces required, which could be metal-specific phenomena. In certain cases, hybrid systems that heal by a combination of a radiation-promoting mechanism and other forms of chemistry can be used to solve these problems. Also, a lack of knowledge of the technology is another significant obstacle to the adoption of energy-cured coatings for industrial metal applications. All these factors are restraining the radiation curable coatings market growth during the forecast period.

Radiation Curable Coatings Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the radiation curable coatings market. Major players in the radiation curable coatings market are BASF SE, Chongqing Changfeng Chemical, Electrolube, Cytec Corporation, Dainichiseika Color & Chemicals, Royal DSM, and Sartomer.

Acquisitions/Technology Launches

In May 2019, Electrolube launched seven next-generation UV cure conformal coating products in Europe at the SMTConnect show In Nuremberg.

In July 2019, Arkema has acquired Lambson, a company that specializes in 3D printing, digital inks, and high-performance coatings.

Key Takeaways

Asia-Pacific dominates the radiation curable coatings market, owing to the increasing steel production in the region. According to the India Brand Equity Foundation (IBEF), India's crude steel and finished steel production increased to 108.5 MT and 101.03 MT in FY20P, respectively.

Increasing use of radiation cured coatings in printing inks and printed electronics which include electric device manufactured by printing hold significant potential for the growth of the market.

Low energy consumption, the low volatile organic compound (VOC), consistent coating quality, rapid curing & drying, coupled with superior hardness and abrasion resistance properties of these coatings are factors that trigger the growth of this market.

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https://www.industryarc.com/Report/16090/pipe-coating-market.html

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For more Chemicals and Materials Market reports, please click here

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The Rising Demand for Improved Power Monitoring, Power Distribution and Power Backup Will Be a Primary Driver for Data Center Switching Power Supply Market.

NewYork, NY -- (SBWIRE) -- 10/12/2021 -- The Data Center Switching Power Supply Market is forecast to reach $8.6 billion by 2026, after growing at a CAGR of 6.4% during the period 2021-2026. Advancements in the semiconductor industry is attributed to increasing adoption of compact and efficient power distribution equipment which offers higher efficiency and superior product life. Various R&D initiatives in the Data Center Switching Power Supply Market has resulted in replacement of the traditional silicon metal-oxide-semiconductor with the GaN FET which ensures faster switching speeds, higher efficiency and performance, thus escalating growth of the Data Center Switching Power Supply Market. The rising demand for improved power monitoring, power distribution and power backup will be a primary driver for switching power supply market.

Data Center Switching Power Supply Market Segment Analysis - By Form Factor

ATX form factor accounted for a segment share of 32.7% in the Data Center Switching Power Supply Market globally in 2020. ATX motherboard enables advanced control facilities in which the BIOS program continually checks the CPU temperature and voltages. ATX motherboards are thus being deployed in data centers for use in server boards which require improved thermal design to eliminate CPU preheating.

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Data Center Switching Power Supply Market Segment Analysis - By End User

Large Scale data center segment is the largest end-user segment in the Data Center Switching Power Supply Market, and it held a share of 70% in 2020. The switching power supply for this market is poised to grow at a CAGR of 3.6% in the forecast period. The growing demand for money-saving and eco-friendly solutions for the reduction of energy consumed in IT and telecom industry are enhancing the demand for data center SMPS. The development of data center with ultra-low-carbon footprint by key player such as Schneider Electric is further embracing the growth of the market. Therefore, the demand for reducing carbon footprint of data centers are further escalating the need for environmental friendly solutions which will thereby drive the SMPS market.

Data Center Switching Power Supply Market Segment Analysis - By Geography

APAC holds the largest share of 33.54% in the global Data Center Switching Power Supply Market and is expected to grow at a CAGR of 5.98% during 2021-2026. The APAC region is witnessing significant growth in the automotive industry as it hosts major automotive OEMs in countries such as Japan and China. Japan is a leader in the automotive industry with the presence of top automobile OEMs including Toyota Motor Corporation, Suzuki Motor Corporation, Honda Motor Co., Ltd., and Nissan Co., Ltd. and others, which are incorporating switching power supply for regulating power within automobile components. Thus, growth of the automobile industry is set to drive the Data Center Switching Power Supply Market. APAC region comprises of various leaders in the telecom industry, especially in China and India. The Indian telecommunications industry is growing, especially in the rural areas. Telecom services are being accessed by 36.5% of the rural population in India as of 2019. Thus, the Indian rural market will be a key driver for the telecommunications industry. As switching power supply is used in the telecommunication and automotive industries, growth in these industries will lead to significant growth in the Data Center Switching Power Supply Market as well.

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Data Center Switching Power Supply Market Drivers

Rapid digitalization

Increasing digitalization in data centers is driving demand for industrial PCs which are being used for process control and monitoring applications. The adoption of edge and fog computing for faster data processing is opening up new opportunities for digitalization. Since these data servers and industrial computers incorporate switching power supplies, their increasing adoption of these systems will also help drive the Data Center Switching Power Supply Market.

Shift towards More Efficient Power Supply

Data centers requires huge amount of power to run effectively, and the presence of inefficient power performance becomes a critical issue for data center to run smoothly. The lack of effective power performance leads to slow or shut down of the cooling systems that further results in the closing of data center in order to avoid any damage to the equipment. This shut down of the data center also results in affecting the business operation causing financial risk to the business. Therefore, these key factor lead to improved deployment of switching power supply in the market.

Data Center Switching Power Supply Market Challenges

High Cost of Private Data Centers

Constructing a private data center is clearly a major capital investment, but after the building is finished the expenses will not end. The day-to-day operation of a data center incurs a substantial amount of recurring maintenance costs. Colocation hosting needs higher start-up costs than if the hosting firms hire servers. They have to buy hardware and upgrades on their own. Instead of bandwidth, budgeting gets frustrating with fluctuating monthly leases. Maintenance limitations on time or money.

Market Landscape

Partnerships and acquisitions along with product development and up-gradation are key strategies adopted by players in the Data Center Switching Power Supply Market. In 2020, the market for switching power supplies was analyzed to be moderately fragmented with top 10 players accounting for 67.15% of the market share. Major players in the Data Center Switching Power Supply Market include Delta Electronics Inc., Artesyn Embedded Technologies, Lite-ON, Inc., Bel fuse Inc., TDK Lamda Corporation, Murata Manufacturing Co., Ltd., Cosel Co., LTD, Meanwell Enterprises Co. Ltd., FSP Group, and Salcom Plc.

Partnerships/Mergers/Acquisitions

In May 2019, TDK-Lambda acquired Nextys SA to expand its presence in the DIN rail power supply market. Through this acquisition, TDK-Lambda will strengthen its market position in the fast-growing DIN rail power supply business.

In February 2019, Taiwan-based Delta Electronics Inc. announced a partnership with U.S.-based Ingram Micro Inc., a leading distributor of ICT products. This will enable Delta to offer its Uninterruptible Power Supplies (UPS) and Datacenter Infrastructure Solutions to the DACH region (namely Germany, Austria and Switzerland).

Key Takeaways

The Data Center Switching Power Supply Market has been analyzed to be moderately fragmented. Major players in this market include Delta Electronics Inc., Artesyn Embedded Technologies, Lite-ON, Inc., Bel fuse Inc., TDK Lamda Corporation, Murata Manufacturing Co., Ltd., Cosel Co., LTD, Meanwell Enterprises Co. Ltd., FSP Group, Salcom Plc in the Data Center Switching Power Supply Market

ATX sub-segment has been analyzed to hold major market share in 2020, owing to the wide-scale use of these power supplies in desktop PCs and servers

The demand for switching power supplies is expected to witness significant upsurge during the forecast period, owing to the growing number of hyperscale and colocation data centers across the globe

APAC registered the largest market share of 34.5% to the global Data Center Switching Power Supply Market in 2020, led by growth in the data center infrastructure in India and China.

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Increasing Demand of Connected Lights Driving the Growth of Hazardous Lighting Market.

NewYork, NY -- (SBWIRE) -- 10/12/2021 -- Hazardous Lighting Market size was valued at $1.8 billion in 2020 and it is estimated to grow at a CAGR of 2.29% during 2021-2026. The growth is mainly attributed to the increasing investment on various industries, high penetration of internet of things (IoT), increasing demand for efficient advanced lighting solutions across industries and rapid industrialization in emerging economies. Furthermore, the constant innovation in advanced technologies such as artificial intelligence (AI), machine learning (ML), radio-frequency identification (RFID) along with other wireless technologies, which are being used for producing advanced connected hazardous lighting system; and awareness regarding energy conservation boost the growth of hazardous lighting market. Furthermore, government's initiatives for greener strategies to support sustainable development across the world, is one of the major driving factors of hazardous lighting industry. Hence, the above mentioned factors will drive the adoption rate of various hazardous lighting solutions such as industrial LED lighting, fluorescent lighting, high-intensity discharge lamps and others, during the forecast period 2021-2026.

Hazardous Lighting Market Segment Analysis – By Type

Hazardous Lighting market is segmented into LED lighting, incandescent lighting, hid lighting, fluorescent lighting and others, based on type. LED lighting segment dominated the market with a share of 24.6% in 2020, due to the increasing environmental concerns and increasing adoption of light emitting diode (LED) lighting system across industries. As of first quarter of 2019, Energy Efficiency Services Ltd. (EESL) had replaced approximately 89.15 lakh street lights with LEDs across 1,400 Indian cities. LED lighting system not only reduces the energy cost but also it's an environmental friendly technology, which fuels the adoption rate of this solution during the forecast period. A recent study states that, the New York City and Chicago will save $14 million and $10 million respectively, each year by reducing the energy cost with the help of LED lightings. Besides this, growing awareness regarding environmental issues and governments initiatives to promote more environmental friendly products create a huge opportunity for the industrial LED lighting technology. For instance, in January 2017, the Government of India announced about its plan to phase out the production of incandescent bulb in the next 3 years along with putting a ban on production as well as on sale of high voltage lamps and promoting the usage of energy efficient lighting systems such as industrial LED. Similarly, in September 2020, the Uttar Pradesh State Industrial Development Authority (UPSIDA) launched a drive for cleaning up and repairing the roads, drains, lights installed in the industrial sites at Surajpur. Through this drive, 1,000 street lights will be replaced by the industrial LED lighting system. Furthermore, this technology is energy efficientt han any other lighting system such as fluorescent lighting, high-intensity discharge lamps and others. Moreover, industrial LED lighting technology offers durability, which means longer lifespan and also provides compactness. This in turn boosts the adoption rate of this solution and triggers the growth of this market. Such advantages are analysed to drive the market in the forecast period 2021-2026.

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Hazardous Lighting Market Segment Analysis- By End User Industry

On the basis of end-user industry, this market is segmented into Oil & Gas, chemical & petrochemical, pharmaceutical, food & beverage, mining, power and others. Chemical and Petrochemical industry is analyzed to grow with the fastest CAGR of 3.4% during 2021-2026. Increasing investment in this industry, increasing popularity of explosion proof industrial LED lights, environmental awareness and others are the key influencing factors behind this growth. According to a report of India Brand Equity Foundation (IBEF), Indian chemical industry reached $178 billion in 2019 and is anticipated to reach $304 billion by the year 2025, which represents a 9.3% CAGR growth. Apart from that, Government's initiatives for the growth of this industry plays a major role. Indian Government allocated $32.2 million fund to the chemical and petrochemical department, under the 2021-2022 union budget. This sector is one of the highest GDP contributing sector in India. With such growth, the number of fire accidents in these sectors is also increasing. According to the data collected from risk methods, chemical industry suffers the most among all the industries from fires and explosions. In March 2019, a deadly chemical plant blast took place in Jiangsu province of China, identified as severe production accident, which claimed 78 people's life. Apart from that, adoption of this technology reduces the overall maintenance cost, that plays a major role in the growth of this market. Hence, rising investment in this industry is being seen as the opportunity for the players operating in the Hazardous Lighting market during 2021-2026.

Hazardous Lighting Market Segment Analysis- By Geography

North America region held the highest Hazardous Lighting market share around 30.18% of in 2020, and anticipated to register significant growth during the forecast period 2021-2026, due to the early adoption of this technology, rising demand for energy efficient lighting systems such as industrial LED lighting, presence of prominent market players and others. Furthermore, growing investment for smart factories, increasing investment in process industries and increasing number of workplace accidents are fuelling the growth of this market. As of 2020, the U.S. federal government had invested $11 billion fund in pharmaceutical industry for the vaccine development as well as for the expansion of manufacturing capacity via operation warp speed and biomedical advanced research and development authority. Similarly, in October 2020, Mexican Government unveiled its plan of investing $14 billion on the refining business of PetroleosMexicanos (Pemex), to boost the oil firm's ability of processing heavy crudes. Such strategic investments for the development of process industries will create huge demand for hazardous lighting systems including industrial LED lighting, fluorescent lighting, high-intensity discharge lamps and will drive the growth of hazardous lighting market in this region during the forecast period 2021-2026.

Hazardous Lighting Market Drivers

Increasing Investment in Process Industry:

One of the major drivers behind the growth of hazardous Lighting market is growing investment across process industries. Rapid industrialization and government's initiatives in the form of investments for developing industries are analyzed to affect the adoption of hazardous lights. In August 2019, Reliance announced about its plan of producing only jet fuel and petrochemical at Jamnagar by implementing an oil-to-chemical strategy to eliminate most fuel produced in the favor of high value products. With such investments, the number of accidents in such plants is also increasing due to the presence of many hazardous, flamable fluids, substances and gases in those plants. These substances can cause severe accidents in those areas, which can damage the assets and can cause fatal or non-fatal injuries to the employees. In June 2021, 18 people including 15 women died in a fire accident at a chemical firm in Pune industrial area. Similarly, in June 2021, a major fire broke in a chemical factory of RS chemicals, situated in an industrial area of Greater Noida. These type of incidents accelerate the demand for the lighting systems, which contains light fixtures along with thick glass covers to keep sparks and any other potential exploring sources away from it.

Increasing Demand of Connected Lights:

Growing demand for connected lights is one of the major drivers behind the growth of this market. This growth is mainly attributed to the increasing environmental concerns across the world and high adoption rate of industrial LED lighting across industries. Industries are investing heavily for the installation of more reliable connected lighting system, as these lighting systems save huge fraction of operating and maintenance costs. To fulfill such rising demand, the market players of this industry are launching more advanced products. In May 2020, Eaton announced about the launch of its new explosion-proof recessed lighting solution, HRL series LED Ex Lighting, which is perfectly suitable for wet, extreme temperature environment and hazardous explosion-proof areas. Furthermore, for promoting the adoption of such lighting systems, Government is also taking initiatives. Furthermore, no harmful ultraviolet or infrared radiation is produced from the usage of LED lights, which makes this technology more environment friendly. Hence, the above mentioned factors are set to boost the market growth during 2021-2026.

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Hazardous Lighting Market Challenges

High Initial Cost:

Even though, Hazardous Lighting market is growing rapidly, high initial cost of this technology and is one of the major factors that hampers the growth of this market. The growing penetration of IoT and the ability of technology to save money in the long run creates huge demand for this IoT-enabled connected LED lighting but the initial cost of this technology is way too high. Hence, the high in initial price will hamper the growth of this market during the forecast period 2021-2026.

Hazardous Lighting Market Landscape

Technology launches, Acquisitions, Collaboration, and R&D activities are key strategies adopted by players in the Hazardous Lighting Industry Outlook. Hazardous lightingtop 10 companies includes ABB Ltd, Emerson Industrial Automation, Digital Lumens Inc., Philips Lighting Holding, DCD Technologies ME FZCO, Nemalux Inc., Cree Inc., Luceco Middle East FZCO, GE Lighting, Osram Licht AG and others.

Acquisitions/Technology Launches

In December 2020, Eaton had launched its new HPLN Ex LED explosion-proof lighting that can deliver highly reliable performance under terrible operating conditions in extremely corrosive, wet, dusty, hot, cold and other hazardous explosion-proof areas.

In June 2019, Raytec announced the launch of an LED technology based ATEX floodlight luminaire, Spartan Crane. This product is designed for use on Marine or Offshore Crane booms, where the high performance and highly reliability white light illumination is needed for ensuring the safety of the crane operations.

Key Takeaways

LED lighting held the highest market share in 2020 and is anticipated to witness significant amount of growth, owing to increasing awareness regarding environmental issues and growing adoption of industrial LED lighting in various industries.

Chemical sector is analysed to witness the fastest growth between 2021-2026. Rising investment and increasing number of accidents in this sector are the key factors behind the growth.

North America held the major market share in 2020 and is anticipated to witness significant growth during forecast period, owing to the early adoption of this technology, rising investment in various industries and the presence of prominent market players.

Increasing investment in process industries and penetration of connected lighting technology across industries works as a growth driver for this market during 2021-2026.

The top players of this market includes ABB Ltd, Emerson Industrial Automation, Digital Lumens Inc., Philips Lighting Holding, DCD Technologies ME FZCO and others.

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https://www.industryarc.com/Report/15610/explosion-proof-lighting-market.html

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For more Electronics Market reports, please click here

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IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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Increasing Awareness and Adoption of Advanced Technologies Are the Factors That Drive Transparent Display Market

NewYork, NY -- (SBWIRE) -- 10/12/2021 -- Transparent Displays Market size is forecast to reach $7.9 billion by 2026, at a CAGR of 44.9% during 2021-2026. Growing demand for liquid crystal display based transparent displays for various verticals, increasing usage of transparent display for Head-Mounted Display (HMDs), and Head-Mounted Display products is analyzed to enhance the Transparent Display market share. In addition high growth for OLED based transparent display devices and high adoption of transparent display for digital signage products are expected to create significant growth opportunities for players in the market during the forecast period. In 2020, JDI developed transparent display with 87% high transparency, which is nearly the same as looking through a clear glass when the display is turned off. In 2020, Panasonic has released commercial 55-inch transparent self-illuminating transparent OLED display panel that does not require a backlight. Hence these developments are analyzed to drive the Transparent Display industry in the forecast period 2021-2026.

Transparent Display Market Segment Analysis - By Type

OLED segment has held significant share of 38.2% in 2020, rise in demand for OLED display technology due to advantages such as improved image quality, better contrast, higher brightness and much faster refresh rates with lower power consumption as compared to liquid crystal display technology is analysed to drive the market growth. Transparent OLED maximizes the advantages of OLED and can be used in various places from stores to autonomous vehicles. Moreover several companies have been launching advanced transparent OLED displays to gain the market traction. In 2021, LG Display has announced its plans to launch its transparent OLED screen. In 2020, Panasonic has released commercial 55-inch transparent self-illuminating transparent OLED display panel that does not require a backlight Hence, OLED display technology expected to provide ample opportunities for the transparent display market during the forecast period 2021-2026.

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Transparent Display Market Segment Analysis - By End User

Healthcare sector in Transparent Display Market is expected to witness a highest CAGR of 45.8% in the forecast period. Increasing technological advancements in the healthcare industry is paving the way for the use of transparent displays in applications, such as surgery and patient checkup. Transparent displays are being deployed to assist surgeons during critical operations. In addition, the healthcare industry is exhibiting a substantial growth Y-o-Y, moreover several companies and research institutes are developing these displays for various applications. In 2021, Industrial Technology Research Institute (ITRI) has developed a transparent display surgical navigation system that can reduce the risk of surgery. This system provides high accuracy direct view type virtual-real fusion image information to meet the needs of preoperative communication and intraoperative navigation. In addition this can also be used in medical teaching and smart surgery in the future. Similarly, Companies such as LG, Planar and other are providing digital signage and display technology for the healthcare industry ranges across applications in hospitals and medical offices abound. Hence these global trends are analyzed to create demand for Transparent Display industry in the forecast period 2021-2026.

Transparent Display Market Segment Analysis - By Geography

Transparent Display market in APAC region held significant market share of 39.2% in 2020, due to the increase in demand for transparent displays in various end users, such as automotive, Electronics, healthcare and so on is driving the market growth. In addition, high demand for transparent display panels in South Korea, China, and Japan is a major contributor to the growth of the market. The presence of display panel manufacturers gives it a prime benefit of adopting the latest technology-based display devices, which provides ample opportunities to the transparent display market. In 2019, LG Electronics Inc. completed the construction of its new transparent OLED screen production plant in China. This would extensively increase the production of transparent OLED screens, in display sizes of 55 inches and above, by 60,000 units per month. In 2020, Chinese electronics company Xiaomi has launched Mi TV LUX an edge-to-edge transparent display. Hence these factors are analyzed to drive the transparent display industry outlook.

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Transparent Display Market Drivers

Growing number of product launches with advancements is analyzed to drive the market.

Transparent displays are expected to change the way of using displays as this technology helps in displaying or transferring information. Many companies are investing in huge amount in R&D activities of transparent display technology. For instance, Samsung to launch a new triple foldable tablet and a transparent display phone in 2021. Similarly in 2021, Crystal Display Systems are planning to introduce the curved transparent liquid crystal display for retail displays that really give that unique edge that stand out from the usual displays. Japanese scientists invented intelligent glasses that remembers the place where people saw their keys, mobiles, and other things for the last time. Moreover, emergence of virtual reality devices compatible with smartphones supplements growth of this market. Furthermore, increasing awareness and adoption of advanced technologies are the factors that drive transparent display market share in the forecast period 2021-2026.

Miniaturization of Electronic Devices Drives the Need and Development of Transparent Display Technologies

These days, advanced technologies are growing faster where in each technology is renewed with implementation of new one. The transparent display came to solve major problems related to the device miniaturization. This lack of space on screen-based displays provide an opportunity for the development of transparent displays. The growth in transparent display market can be attributed to presence of major manufacturers and increasing R&D investments towards technology and product development by research universities and major manufacturers. In 2019, Samsung has announced to invest $11 Billion into Next-Generation Displays. Similarly LG has committed to invest heavily for the development of this technology. Hence these investments are analyzed to provide opportunities for the Transparent Display market in the forecast period 2021-2026.

Transparent Display Market Challenges

High Capital Investment Required for the Development of Transparent Displays

Although Transparent Display market is analyzed to grow at a significant rate, the high initial investments required for the R&D of this technology is set to hamper the growth of the market. The competitive display technology segment, new functionalities will increase the cost of development of the products related to this technology. On the other hand most of the technologies required for the outward of transparent display are in development stage only. The high initial investments and slow development process will hinder the Transparent Display market size in the forecast period.

Transparent Display Market Landscape

Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Transparent Display market. Transparent Display top 10 companies include Apple, Inc., AU Optronics Corp., Google, Inc., LG Electronics, Samsung Electronics, UDC Corp., Panasonic Corp., Sony Corp, Pioneer and Philips Corp. among others.

Acquisitions/Product Launches

In 2020, Panasonic has released 55-inch transparent OLED display module. The new Panasonic product uses a self-illuminating transparent OLED display panel that does not require a backlight.

In 2020, LG has partnered with Assa Abloy to supply transparent OLED automatic doors.

Key Takeaways

Transparent Display market in APAC region held a significant market share of 39.2% in 2020, due to the increase in demand for transparent displays in various end users, such as automotive, Electronics, healthcare.

OLED segment has held significant share of 38% in 2020, rise in demand for OLED display technology due to advantages such as improved image quality, better contrast, higher brightness and much faster refresh rates with lower power consumption as compared to liquid crystal display technology is analyzed to drive the market growth.

High adoption of transparent display for digital signage products is analysed to drive the market growth.

Healthcare sector in Transparent Display Market is expected to witness a highest CAGR of 45.8% the forecast period. Increasing technological advancements in the healthcare industry is paving the way for the use of transparent displays in applications, such as surgery and patient check-up.

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For more Electronics related reports, please click here

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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

The Growing Need for Miniaturizing Electronic Devices in Several End-Users Such As Automotive, Medical, Aerospace, Consumer Electronics and So on Will Drive the Dielectric Etchers Market

NewYork, NY -- (SBWIRE) -- 10/12/2021 -- Dielectric Etchers Market Size is forecast to reach $7.8 billion by 2026, at a CAGR of 5.6% during 2021-2026. The growing need for miniaturizing electronic devices in several end users such as automotive, medical, aerospace, consumer electronics and so on will drive the Dielectric Etchers market share in the forecast period. Rising demand for dry and wet etching process is also driving the market growth. In addition, rising demand for artificial intelligence, data processing and analytics is major factors which are driving the adoption of neuromorphic chips across the globe thereby creating the demand for Dielectric Etchers industry. Moreover, rapid technological upgradation in Internet of Thing (IoT) application for providing advanced smart devices to various consumers is also anticipated to boost the demand of technologically advanced semiconductors and this in turn is predicted to create significant demand for Dielectric Etchers market during the forecast period 2021-2026.

Dielectric Etchers Market Segment Analysis - By Type

Dry Etch segment held significant market share of 38.5% in 2020 as this process currently used in semiconductor fabrication processes due to its unique ability over wet etch to do anisotropic etching (removal of material) to create high aspect ratio structures. In addition, dry etching is a versatile technology that is used to create a wide range of devices. In recent times many industries switched to dry etch process from traditional wet etching as it consumes less chemical and also considered as most suitable for automation and single wafer manufacturing. Moreover in 2019, Micralyne Inc. has purchased Versalis fxP Cluster System from SPTS Technologies, a KLA company. The company will use the Versalis fxP equipped with a Rapier plasma etch module to increase production capacity to meet increasing customer demand for its biomedical, optical, and industrial MEMS. Hence more such adoption is expected to create opportunities for the market. Further, enormous technological up gradation taking place in the IoT application to offer technologically advanced smart devices to different consumers across the globe is also predicted to accelerate the demand of advanced semiconductors, thereby affecting the m Dielectric Etchers industry outlook in the forecast period 2021-2026.

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Dielectric Etchers Market Segment Analysis - By End User

Consumer Electronics segment in Dielectric Etchers market is expected to witness a highest CAGR of 6.6% the forecast period. The demand for Dielectric Etcher is driven by smartphones and other applications across the consumer electronics industry, which require semiconductor ICs. In addition, the trend of increasing numbers of Internet of Things (IoT) devices is expected to force the semiconductor industry to invest in this equipment, in a bid to attain intelligent products. As per Semiconductor Equipment and Materials International (SEMI), in 2020, the silicon wafer shipments reached 12,407 million square inches, which indicated a 5% increase over 2019. Enormous technological upgradation is leading to an increase in the number of IoT applications. Moreover, the continuous advancements in consumer electronics and the use of sensors in various electronic products are proliferating the applications of plasma etching in smartphones and their demand across almost all the industry sectors. The South Korean government announced to invest $1.34 billion for the next ten years to support the development of next-generation semiconductor technology, to support Samsung Electronics and SK Hynix. The investment will help Korean companies, such as Samsung and SK Hynix, to enhance their semiconductor manufacturing capabilities. Dielectric Etcher is further expected to gain traction with this growing demand. Hence this rising adoption is analyzed to create significant growth for Dielectric Etchers market size in the forecast period 2021-2026.

Dielectric Etchers Market Segment Analysis - By Geography

Dielectric Etchers market in APAC region held significant market share of 40% in 2020, owing to growing consumption of smartphones and other high-performance electronics devices in the region. Countries such as India, China, Taiwan, South Korea and so on are few of the prominent markets for Dielectric Etcher, and this is primarily attributed to the growing demand for advanced technologies across numerous end-user industries, high growth of the consumer electronics industry, rising support for the semiconductor industry in the region. In May 2019, Taiwan Semiconductor has opened new branch in Beijing to accommodate the rapid growth in China and engage local talent in its business development efforts. According to the founder of China Micro Semiconductor Equipment, Yin Zhiwei, the future production rate in the field of the etching equipment is expected to reach 50%. Moreover, the emergence of new technologies in Asia-Pacific has boosted the demand for innovative and user-friendly smart devices. There has been a rising demand from South Korea and Taiwan for semiconductor wafers, due to the large production of consumer electronic devices such as televisions, smartphones, PCs and so on. Further governments of several countries in this region are supporting the growth of semiconductor production by various initiatives, for instance, Made in Chine 2025, Make in India and others will promote the growth of semiconductor industries thereby increasing the growth of Dielectric Etchers market in the forecast period 2021-2026.

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Dielectric Etchers Market Drivers

Demand for Neuromorphic Chip to Boost Dielectric Etchers Market

The growing trend of miniaturizing the electronic devices in aerospace and medical sectors will subsequently drive the demand for neuromorphic chips, which will in turn, fuel the demand for dielectric etching for circuit miniaturization. In addition, growing number AI based industries and the technologies enabled by AI require neuromorphic chips for processing. Therefore, rising demand for artificial intelligence, data processing and analytics are the major factors influencing the adoption of neuromorphic chips in the forecast period. Moreover, the automotive industry is one of the major market drivers for neuromorphic chips as the demand for Advanced Driver Assistance Systems peaks. According to the report given by Center for Automotive Research, the global ADAS unit shipments are anticipated to increase from 16.2 million in 2012 to 91.5 million by 2020 and are further expected to grow exponentially as the introduction of neuromorphic chips into ADAS are being tested. Hence rise in demand for neuromorphic chips is analyzed to create significant demand for Dielectric Etchers industry in the forecast period 2021-2026.

Growth of Semiconductor industry creates significant demand for Dielectric Etchers Market

Growth of semiconductor manufacturing is analysed to create significant opportunities in the forecast period. In 2020, Indian Government is planning to offer around $1 billion in cash to every company that sets up a chip manufacturing unit in India. Similarly, China's 'Made in China 2025' initiative will also create significant demand for semiconductor manufacturing in the forecast period. Moreover U.S government is also committed to invest around $50 billion for the growth of semiconductor industry. Dry etching is used in semiconductor fabrication processes due to its unique ability over wet etch to do anisotropic etching to create high aspect ratio structures. It is mainly used to remove photoresist materials during manufacturing of semiconductor devices. As dielectric etchers are used in fabrication of semiconductor is expected to witness significant growth in the forecast period 2021-2026.

Dielectric Etchers Market Challenges

High initial Cost of Dielectric Etchers

Etching is used in micro fabrication to chemically remove layers from the surface of a wafer during manufacturing. In addition, this process is critically important process module, and every wafer undergoes many etching steps before it is complete. As these steps in the process requires high cost, so therefore this high initial cost will hinder the Dielectric Etchers Market growth in the forecast period 2021-2026.

Dielectric Etchers Market Landscape

Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Dielectric Etcher market. Dielectric Etcher top 10 companies include Plasma Etch, Hitachi, Panasonic, Thierry Corporation, Samco, SPTS Technologies, Shibaura, Oxford Instruments, Tokyo Electron, Mattson Technology, Inc. among others.

Acquisitions/Product Launches

In 2019, Micralyne Inc. has purchased Versalis fxP Cluster System from SPTS Technologies, a KLA company. The company will use the Versalis fxP equipped with a Rapier plasma etch module to increase production capacity to meet increasing customer demand for its biomedical, optical, and industrial MEMS.

In 2019, Applied Materials Inc. acquired Kokusai Electric to provide high productivity in batch processing systems and services for memory, foundry and logic customers.

Key Takeaways

Dielectric Etchers market in APAC region held significant market share of 40% in 2020, owing to growing consumption of smartphones and other high-performance electronics devices in the region.

Dry Etch segment held significant market share of 38.5% in 2020 in the forecast period as this process currently used in semiconductor fabrication processes due to its unique ability over wet etch to do anisotropic etching to create high aspect ratio structures.

The demand for Dielectric Etchers is driven by smartphones and other applications across the consumer electronics industry, which require semiconductor ICs.

The growing trend of miniaturizing the electronic devices in aerospace and medical sectors will subsequently drive the demand for neuromorphic chips, which will in turn, fuel the demand for dielectric etching for circuit miniaturization.

Related Report:

A. Semiconductor Dielectric Etching Equipment Market

https://www.industryarc.com/Report/17031/semiconductor-dielectric-etching-equipment-market.html

B. Sputtering Targets & Evaporation Materials Market

https://www.industryarc.com/Report/1305/sputtering-targets-evaporation-materials-market-analysis.html

For more Electronics Market reports, please click here

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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

The Growing Need for Authentication and Identification Due to the Prevalent Threats Across Office Environments and Industrial Plants Accelerate the Growth of the Industrial Access Control Market.

NewYork, NY -- (SBWIRE) -- 10/12/2021 -- The Industrial Access Control Market size is estimated to grow at a CAGR of 8.6% during the forecast 2021-2026 to reach $230 billion. The Industrial Access Control is a system that provides security from various unauthorized access across restricted sectors, such as banks, airports, industrial areas and others. The wide range of Industrial Access technological solutions provide appropriate measures, such as protection from data breach, equipment theft, radio-frequency identification, cost overruns along with employee safety. Security is the most ubiquitous concern for commercial, educational, industrial, defense and federal organizations that has significantly triggered the demand for the Industrial Access Control Industry. The high-quality security access like biometric scanners, key cards, video surveillance systems and other automated access control keep the workplace secure, serve geo-diverse remote sites security purposes, offer multi-factor authentication and also, create an overall well-designed security system. Moreover, decentralized management and changing topology accelerate the pressure to integrate building access systems, which influence the growth of the Industrial Access Control market positively.

Industrial Access Control Market Segment Analysis - By Type

By type, the Industrial Access Control Market is segmented into Hardware, Services and Multi-Technology Readers. The Hardware segment is estimated to hold the highest share and grow at highest CAGR of 15.60% during the forecast period 2021-2026, owing to the growing demand for security and surveillance across selective restricted areas like plants, government facilities, and other commercial places, along with the significant investment in Electronic Access Control (EAC) system by the private sector organizations to denote high-end security. The increasing demand among various industry verticals for card readers and Biometric readers to record every detail within the premises and monitor employees are one of the drivers for the growth of the Industrial Access Control Market. In brief, such measures are practiced to identify potential danger or uncertainty across varied industrial environments, such as Research Centers, workplace, Pharmaceutical and chemical laboratories, Food Industries, Data Processing Centers, Prisons, Defence and many more. In November 2019, Fujitsu launched the "FUJITSU Security Solution AuthConductor V2" which offers various authentication methods, such as palm vein authentication, to deliver comprehensive biometric authentication support for the office environment. With such an upgrade solution launch for unparalleled convenience with the multi-factor authentication will drive the growth of the Industrial Access Control Market.

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Industrial Access Control Market Segment Analysis - By End-User Industry

By End-User Industry, the Industrial Access Control Market is segmented into Aerospace and Defense, Transportation / Logistics, Power (Hydro, Thermal, Nuclear and others), Medical & Pharmaceutical , General Manufacturing, Food and Beverage, Automotive Industry, Electronics, Utilities, Metal Processing & Fabrication and others. The Power Industry sectors are analyzed to register the highest shareholder and grow at a CAGR of 7.35% during the forecast period of 2021 to 2026, owing to the surging adoption of Multi-Technology Readers and biometrics for strengthening security across the industry perimeter. In fact, the growing security concerns lead to the rapid advancements in the access control technology, including finger-vein recognition technology and radio-frequency identification solution. In November 2019, Barclays and Hitachi launched next-generation finger vein scanners, with features like Bluetooth technology for wireless connectivity and activity screen for additional security. The present Covid-19 pandemic has exposed the requirement for optimum security implementation and deployment of multi-factor authentication to mitigate any threat due to extensive lockdown and fragile market condition. Hence, contactless biometric systems, like iris recognition and face recognition are expected to grow and drive the market. In October 2020, IDEMIA launched VisionPass, an advanced contactless facial recognition access control device that offers frictionless and hygienic experiences to the users, thereby granting complete protection across commercial premises. These launches of Authentication systems for improved security solutions across industrial perimeters are driving the Industrial Access Control market.

Industrial Access Control Market Segment Analysis - By Geography

North America is analyzed to be the major region, and estimated to grow at a CAGR of 11.8% over the forecast period 2021 to 2026 for the Industrial Access Control market, owing to the massive diffusion of wireless networking that has brought revolutionary communication technologies across all the industrial sectors, along with hospitals, banks and insurance companies, SaaS providers and so on. Moreover, the high adoption of electronic health records across the hospitals in the U.S.A, as a value-added care service drives the next-generation biometric solutions to ensure multilayered protection for pertinent healthcare data. Due to Covid-19 pandemic, many healthcare providers are integrating Biometrics innovations not only for surveillance but also for temperature-detection in reference to disease-containment efforts, globally. In June 2020, Silent Sentinel launched the Fixed Modum, a range of standoff fever detection cameras, designed for detecting temperature within 0.3 degrees accuracy. As businesses deal with intellectual property as well as privileged data, the constant need for Attribute-based Access Control is on rise. In September 2019, Honeywell launched a new Industrial Cybersecurity Platform, which is designed to enable business organizations to protect their operational technology (OT) as well as industrial internet of things (IIoT) assets from cyber threats. Hence, these are the factors that established the pertinence of access control systems, which paved the growth of the Industrial Access Control size within the region.

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Industrial Access Control Market Drivers

Growing need for authentication and identification due to prevalent threats

Biometric technology is evolving to denote the fundamentals of authentication in a more secure and convenient method. Some of the trends are mobile biometric technology for controlled office environments, Multimodal Biometric Authentication Systems for various industry verticals for supreme authenticity and Cloud Based Biometric Solutions. In October 2020, Researchers from University at Buffalo, The State University of New York developed 3D finger vein biometric authentication that offers optimum security as faking any vain pattern is impossible. On the other hand, Mobile Biometric technology is widely adopted for effective and swift identification, for example, in Iraqi automated border control systems for secure checkpoints and border protection from terrorists. Furthermore, for supreme identification capacity, more companies are adopting radio-frequency identification solutions. In February 2021, HawkEye 360 Inc., the first commercial company to use formation-flying satellites to create a new class of radio frequency (RF) data and analytics, launched Mission Space, the first commercial platform purpose-built to provide the RF geospatial intelligence analysis. All such breakthroughs for commercial Access Control systems accelerate the growth of the Industrial Access Control market.

Rising E-Health initiatives

The strengthening of healthcare implementations such as safety, quality and efficiency of services through information technology is known as E-Health initiative, which is widely adopted by hospitals to denote as the country's "fully operational" E-health initiatives. In April 2020, Global ID and Idiap Research Institute collaborated to design contactless vein biometric scanner for healthcare sectors due to rising concern regarding cyber security and hygiene factors according to the Swiss Confederation's E-Health project. All these seamless connected environments through cutting edge-solution, such as EAC systems, latest materials handling equipment, smartphone and biometric credentials will drive the Industrial Access Control market.

Industrial Access Control Market Challenges

Relatively expensive investment

Biometrics for security is considered as the significant investment to install in modern-day tech park and industry plants. The more advanced security system defines extravagant investments and thus, many end-users are reluctant to upgrade present biometric authentication systems, which again hinder the growth of the Industrial Access Control industry outlook.

Market Landscape

Technology launches, acquisitions, Partnerships and R&D activities are key strategies adopted by some of the players in the Industrial Access Control Market. The Industrial Access Control Market top 10 companies include Bosch Security and Safety Systems, ASSA ABLOY, Honeywell Commercial Security, Johnson Controls International PLC, Gemalto NV, Axis Communications, Identiv, Inc., NEC Corporation, Panasonic Corporation, Suprema, Inc. and among others.

Acquisitions/Technology Launches/Partnerships

In November 2019, Assa Abloy acquired AM Group, an Australian industrial door company, which further strengthened the company's portfolio of entrance automation solution, and service profile across Australia.

Key Takeaways

North America is analyzed to be the major region, and estimated to grow at a CAGR of 11.8% over the forecast period 2020 to 2025 for the Industrial Access Control market, owing to the massive diffusion of wireless networking that has brought revolutionary communication technologies across all the industrial sectors.

The growing need for authentication and identification due to the prevalent threats across office environments and industrial plants accelerate the growth of the Industrial Access Control market.

The Hardware segment is estimated to hold the highest share and grow at highest CAGR of 15.60% during the forecast period 2021-2026, owing to the growing demand for security and surveillance across selective restricted areas like plants, government facilities, and other commercial places, along with the significant investment in Electronic Access Control (EAC) system

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Increasing Deployment of Smart Flame Detection Systems and Governmental Regulations Towards Improving Workplace Safety Within Hazardous Industrial Environments Are the Major Driving Attributing Towards Middle East Flame Detector Market Growth.

New York, NY -- (SBWIRE) -- 10/12/2021 -- Middle East Flame Detector market is analyzed to grow at a CAGR of 7.5% during the forecast period 2021-2026 to reach $121.4 million by 2026. With the growth of market competition among various fire detection products, intelligent solutions which are capable of optimizing false alarm rejection capability along with improving response speeds of flame ignition have emerged as a major factor boosting the market growth towards smart flame detectors. In addition, mandatory compliance to stringent fire safety norms/set standards utilizing deployment of fire suppression systems, heat detectors and other flame detectors to ensure workplace safety majorly within industries like oil & gas, chemical production plants, mining, and so on also are attributed towards the market growth. Moreover, rapid rise of infrastructural activities of process industries like oil & gas pipelines or refineries, chemical production plants, and so on, majorly across the Asia-Pacific region is analyzed to further create new opportunities towards the demand for flame detectors during the forecast period. Ultraviolet detectors and near IR array based detectors remain the major part of the flame detector market however combined IR/UV detectors are set to witness significant growth.

Middle East Flame Detector Market Segment Analysis - By Type

Based on by type segmentation, IR/UV Middle East Flame Detectors market is analysed to grow with the highest CAGR of 9.5% in the global Middle East Flame Detector market during the forecast period 2021-2026. An UV/IR Middle East Flame Detector generally comprises of both ultraviolet and infrared sensors combined within a single device, thus making it capable of sharing same alarm source like a hydrocarbon fire. Owing to the combination of IR and UV sensor within one detector module, these devices serve an additional benefit over the other detectors available in the market as each individual sensor can be operated separately while delivering excellent flame detection performance for a broad range of flammable liquids, gases or volatile solids. Since these detectors can further help in offering individual enhanced false alarm rejection, creating its wide popularity across various end-use industries be it chemical plants, oil & gas refineries, mining and so on. Factors including increasing deployment of smart flame detection systems and governmental regulations towards improving workplace safety within hazardous industrial environments are the major driving factors attributing towards the Middle East Flame Detector market growth. Moreover, rising catastrophic fire and explosion incidents in oil & gas, chemical plants and others due to the ageing infrastructure as well as human negligence are further analysed to boost the market growth of Middle East Flame Detectors during 2021-2026. In January 2020, General Monitors announced about the launch of an UV/IR detector, named FL500-H2 designed to offer safe usage, production as well as transportation of hydrogen. The FL500-H2 sensors are capable of monitoring optical radiation emitted through a hydrogen flame within both UV & IR spectral ranges, alongside simultaneously rejecting nuisance false alarm sources common across industrial sites.

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Middle East Flame Detector Market Segment Analysis- By Application

Oil & Gas sector is considered as one of the major end users deploying Middle East Flame Detectors due to the widespread adoption across all three sectors, namely upstream, midstream and downstream. Oil & Gas had dominated the global Middle East Flame Detector market attributing a value of $52.7 million in 2020 and is further set to grow with a CAGR of 2.0% during the forecast period 2021-2026. Various processes involved in Oil & Gas refining includes crude desalting, thermal cracking, hydrogen generation and many others, which are prone to fire hazards due to the presence of explosive vapour/gases in the ambience, contribute towards loss of life as well as industrial property damage in case of fire accidents. Major industry verticals having gas or vapour explosive environments like chemicals, oil & gas with others create need for mandatory installation of fire protection systems in order to avoid life or property threats. In addition, the explosive dust environment across textiles, mining, paper & pulp and so on are also prone to fire hazards owing to generation of combustive wastes or dusts during various production operations, making deployment of flame detectors highly essential.

Middle East Flame Detector Market Segment Analysis - By Geography

APAC region is set to witness the highest growth of 9.0% in the global Middle East Flame Detector market during the forecast period 2021-2026. Growth of construction/expansion activities of chemical plant facilities, increasing demands for oil & gas refineries for meeting high consumption needs can be considered as some of the key factors analysed to drive the market growth of Middle East Flame Detectors in the coming years. High investments towards adopting wireless technologies for flame detection applications have been tremendously growing as well as stringent governmental regulations towards mandatory installation of fire detection systems majorly across hazardous industrial environments are further set to positively drive the market growth during the forecast period 2021-2026. In May 2019, an Indian company, Ambetronics had revealed about its introduction of FL-UVIR Flame Detector capable of supporting various connection including stand alone, fire alarm panel as well as monitoring systems. Since these detectors can be used in application areas like refineries, offshore drilling, pipeline pumping stations, gasoline transportation and so on owing to serving requirement of instantaneous response towards flame ignition, automated fire protection, involvement of highly combustible materials with others effectively, making it one of the prominent factors to create its wider adoptability in the Middle East markets.

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Middle East Flame Detector Market Drivers

Growing establishment of infrastructures related to process industries including chemicals, oil/gas processing and others

Growing establishment of infrastructures related to process industries including chemicals, oil/gas processing and others can be considered as one of the major drivers impacting the growth of flame detectors market. Conducting industrial operations be it oil drilling, offshore, oil refineries, loading and unloading of materials, storage of volatile compounds along with many others involve the use of a broad range of hazardous substances including flammables, combustibles, reactive materials, volatile compounds or fluids and so on which eventually create the need for reliable as well as efficient flame detectors to avoid severe hazards. Moreover, in compliance to regulatory policies or standards set by governments these industries need to mandatorily include the installation of various equipment for early fire detection to optimize workplace safety. In May 2019, ExxonMobil Corp. had revealed about its plans of investing about $2 billion as a part of expanding its Baytown Chemical plant, scheduled to start operating in 2022. This expansion will be meant to help the company retain its position for maximizing value of increased Permian basin production alongside offering production of high-value products within its Gulf Coast refining and chemical facilities, eventually impacting the need for fire safety systems owing to production of highly flammable chemicals during the forecast period 2021-2026.

Governmental regulations ensuring workplace safety across hazardous environments drives the market forward

Governmental regulations ensuring workplace safety across hazardous environments acts as a major driving factor boosting the growth of Middle East Flame Detectors market. Industries like chemicals or petrochemicals, oil & gas, mining, and so on offer industrial environments which involve use of harmful and volatile compounds which can cause ignition at high temperature conditions, adversely affecting workplace safety standards. Since the rate of fire explosion incidents majorly within highly critical environmentsincluding oil & gas, chemicals with others, the need towards improving industrial work safety concerns have been significantly growing over the years. In order to address such concerns for ensuring workplace safety, governmental bodies across various countries have implemented stringent safety regulatory norms making it mandatory to install fire safety systems within the industrial facilities to retain their plant operations.The Oil Industry Safety Directorate (OISD) under the Ministry of Petroleum and Natural Gas serves as a technical standard which is responsible for coordinating the implementation of self-regulatory measures, aimed at improving safety standards within the oil & gas plants operating in India. Several set standards namely, OISD STD 116 and OISD STD 117 regarding fire protection facilities across oil/gas processing plants and petroleum refineries are still in effect, which has been causing a positive impact on the installation of fire explosion control/detection systems like Flame Detectors. Stringent compliance by the norms is mandated across hazardous industrial environments to potentially eliminate or reduce the fire related incidences.

Middle East Flame Detector Market Challenges

High costs related to installation, manufacturing or maintenance:

High costs related to installation, manufacturing or maintenanceacts as one of the major factors restraining the market growth of Flame Detectors. Manufacturing of Middle East Flame Detectors requires the use of high quality components which are costly, adding up to its purchasing costs for the customers. Designing complex circuitry of such detectors poise a major challenge for the manufacturers as any kind of small defect can significantly impact its performance creating severe threats for the end-users, thus the need for performing precise and accurate component placing becomes highly essential. Additionally, in case of improper installation, these detectors function abruptly creating false fire alarm signals, hampering the industrial operations. However, being exposed to various hazardous environments contribute towards reduced device sensitivity overtime owing to regular contact with contaminants like oil, dust, dirt and so on, thereby creating the need for proper and periodic maintenance or repair services, raising the additional operational costs for an organization. Ensuring periodic maintenance like removal of dust, dirt or particles and many others at high temperature conditions to avoid further operation issues in the long-term, has been eventually hampering its market growth.

Middle East Flame Detector Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Middle East Flame Detector market. The key players in the Middle East Flame Detector market include Emerson Electric Co., United Technologies, MSA Safety Incorporated, Hochiki Corporation, Halma plc, Robert Bosch GmbH, Siemens AG, 3M Gas & Flame Detection, Honeywell International Inc., Johnson Controls International plc among others.

Acquisitions/Technology Launches/Partnerships

In March 2021, Johnson Controls announced about the launch of the first microprocessor based conventional fire detectors, named 700 Series, meant to precisely monitor as well as respond to building fire conditions. Development of these detectors will help in offering advanced algorithms, resulting in similar detection performance as well as false alarm rejection as of its Gen6 detectors.

In November 2020, a unit of United Technologies Corporation, Det-Tronics announced about expanding its capabilities for X3302 multi-spectrum infrared Middle East Flame Detector by including third party certification for detecting hydrogen, methane, methanol and syngas fires. This development was meant to offer a 25% improvement in on-axis detection range over the previous model design.

Key Takeaways

Growth towards developing smart Middle East Flame Detectors and governmental regulations for hazardous environments related to enhancing workplace safety standards is analyzed to significantly drive the Middle East Flame Detector market during the forecast period 2021-2026.

IR/UV Middle East Flame Detectors market is anticipated to grow with the highest CAGR during the forecast period 2021-2026, owing to factors like high level of false alarm immunity, self diagnostic testing and so on.

APAC is analyzed to account for the fastest growing region during the forecast period due to rising rate of R&D activities from key market vendors, growth of oil & gas facilities with many others.

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About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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