Rising awareness of consumers in context to antifungal paint has opened a path for paint and coating manufacturers to utilize IPBC on a large scale

New York, NY -- (ReleaseWire) -- 04/22/2022 -- New York: The U.S. iodopropynyl butylcarbamate market is projected to expand at 5.4% CAGR and reach a valuation of US$ 78,742.8 Th by 2032. Significant growth in end-use industries such as personal care & cosmetics and paints & coatings uplifted the consumption of iodopropynyl butylcarbamate (IPBC) in the country over the years.

In recent times, the cosmetics industry has been widely utilizing IPBC as a fungicide and biocide to prevent unwanted fungi and bacteria in cosmetic formulations. IPBC is also added in polymer packaging formulations while manufacturing to enhance food grade polymer packaging solutions.

Rising awareness of consumers in context to antifungal paint has opened a path for paint and coating manufacturers to utilize IPBC on a large scale. The ability of IPBC to be effective at low concentrations had gained attention, whereas, changing lifestyle of consumers with preference toward antifungal personal care products such as wipes is expected to bolster consumption further.

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Key Takeaways from Market Study
- U.S. demand for iodopropynyl butylcarbamate is forecasted to reach a value of US$ 78,742.8 Th by the end of 2032.
- Southeast U.S. is anticipated to remain one of the key markets in the country accounting for around 28.7% market share in 2022.
- By end-use industry, personal care & cosmetics is anticipated to witness a CAGR of 5.4% over the decade.
- The cosmetic ingredients segment is anticipated to remain a key end user, and the sector is anticipated to account for more than 9.4% market share in 2022.

"Extraordinary growth in end-use industries such as personal care and cosmetics is anticipated to drive demand for iodopropynyl butylcarbamate across the U.S.," says a Persistence Market Research analyst.

Competitive Landscape
The U.S iodopropynyl butylcarbamate market is a fairly consolidated space. Some of the key market players included in the report are Fengchen Group Company Limited, Lonza, Troy Corporation, Vortex Products Limited, Thor Personal Care, and others. Key market participants are expected to maintain a competitive environment worldwide.

Prominent market players are engaged in the research & development of new and innovative product solutions to meet consumer demand. Key participants are also engaged in developing strategic collaborations for the continuous supply of raw materials.

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Conclusion
In the U.S, personal care & cosmetics industries are prominent markets for iodopropynyl butylcarbamate. Remarkable demand growth of IPBC in end-use industries such as personal care & cosmetics and paints & coatings is due to its role as a fungicide and biocide agent.

However, excess amount of IPBC can lead to health concerns, which has led to the implementation of regulatory standards in certain countries. IPBC has considerable amount of growth opportunity in water treatment as it is an antibacterial agent that kills pathogenic bacteria.

Key players in the IPBC market have initiated various partnerships with other market player to enhance company-specific IPBC blends, and are investing in research & development to further utilize IPBC as a preservative in several product segments.

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More Valuable Insights Available
Persistence Market Research, a research and consulting firm, has published a new market research report on the iodopropynyl butylcarbamate market that contains industry analysis of 2017–2021 and opportunity assessment for 2022–2032.
The report provides in-depth analysis of the market through different segments, namely, application, end-use industry, and U.S regions. The report also provides supply and demand trends along with an overview of the parent market.

Related Reports:
o Iodopropynyl Butylcarbamate Market
o Ethyl Carbamate Market
o Ammonium Carbamate Market

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Drug product development held approximately half of the overall market share, by value, in 2021

New york, NY -- (ReleaseWire) -- 04/22/2022 -- New York: As per latest industry analysis by Persistence Market Research, the global oral solid dosage contract manufacturing market recorded sales worth US$ 23.4 Bn in 2021, and is predicted to expand at a CAGR of 5.9% from 2022 to 2032.

Contract research organisations are outsourced companies that provide support to pharmaceutical and biotechnology companies in their clinical and preclinical studies on a contract basis. Manufacturing costs are rising on a daily basis. As a result, both, large and small pharma and biotech businesses are concentrating their efforts on CDMOs in order to form long-term contract manufacturing agreements. This will assist enterprises in sticking to fixed manufacturing rates and CDMOs in improving manufacturing quality

Tablets and capsules are the basic types of solid dosage forms. Nowadays, companies are using novel technologies to increase the bioavailability of dosage forms to increase patient compliance. Oral solid dosage form contract manufacturers either introduces new products or upgrades older products. For example, several patients, especially paediatric patients, have difficulty swallowing tablets. Therefore, extended release beads can help in optimizing the release rate. Companies are also manufacturing sublingual tablets for quick medication.

Increasing complexity of new drug molecules will drive market growth because CROs and CDMOs provide manufacturing with expertise to help handle the complexity of new molecules. Over the coming years, the contract development and manufacturing industry will be driven by increased investments in infrastructure development and factory expansions, as well as CDMO capabilities to provide fully-integrated services.

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Since the oral solid dosage contract manufacturing market is consolidated with a few key players, it presents numerous lucrative opportunities for new entrants to create a foothold in this industry. Increase in strategic collaborations can also prove a beneficial factor for market players to expand their footprint.

Key Takeaways from Market Study
- Tablet dosage form accounted for 34% market share in 2021.
- Drug product development held approximately half of the overall market share, by value, in 2021.
- Immediate-release mechanism holds a market share of 53.7%.
- Limited availability of resources and increased focus on reducing R&D and operational costs are key reasons why small and medium pharma or biotech companies opt for outsourcing. As such, these companies dominate the end user segment and captured around 32% share of the market in 2021.
- The North America market for oral solid dosage contract manufacturing accounted for 25.2% of the global market share.

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"Rise in strategic collaborations between pharma giants and emerging players will boost demand for oral solid dosage contract manufacturing over the coming years," says an analyst of Persistence Market Research.

Market Competition:
Major oral solid dosage contract manufacturing providers are investing in R&D activities in order to develop novel technologies for solid dosage formulation developments. Along with R&D investments, key players are also aiming for various expansions to create goodwill and successfully establish their presence in the global market.

- In January 2022, Lonza, Forbion, and BioGeneration Ventures extended their collaboration to include development and manufacturing services for small molecules.

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What Does the Report Cover?
Persistence Market Research offers a unique perspective and actionable insights on the oral solid dosage contract manufacturing market in its latest study, presenting historical demand assessment of 2017 – 2021 and projections for 2022 – 2032.

The research study is based on dosage form (tablets {conventional release, modified release, chewable tablets, effervescent tablets}, capsules {hard gelatin capsules, soft gelatin} capsules/softgels; powders & granules; lozenges & pastilles; gummies), mechanism (immediate release; delayed release; controlled release), application (drug product development; fill & finish product manufacturing; packaging/ labelling; others), and end user (big pharma/ biotech companies; small and medium pharma/ biotech companies; emerging/ virtual pharma companies; nutraceutical companies), across seven key regions of the world.

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o Effervescent Products Market

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Russia is anticipated to remain one of the key markets in CIS accounting for around 58.5% share in 2022.

New york, NY -- (ReleaseWire) -- 04/22/2022 -- New York: The CIS paints and coatings market is projected to expand at 4.1% CAGR over the decade. Rising end-use sectors, growing urbanization, and rising individual standard of living are expected to drive market growth.

Growing utilization paints and coatings in end-use industries, particularly in the industrial segment, which includes automotive, general industrial, and others, will continue to dominate the market over the coming years. Increased vehicle demand, environmental concerns, ageing vehicles, and customer preference for improved vehicle appearance & durability, as well as growth in development infrastructure facilities are driving demand growth of paints and coatings

Demand for paints and coatings is also expected to be influenced by a variety of factors, such as green residue disposal, environmental protection, and so on. Various R&D activities are being carried out in order to introduce low-VOC emission paints in order to save the environment from detrimental metal-based paints and coatings.

The COVID-19 crisis had a significant impact on the performance of CIS economies, prompting them to call for societal lockdowns and the temporary closure of key industries such as manufacturing and services. This had a significant impact on the consumer basket, and spending on commodities was drastically reduced. With that, the ongoing invasion of Russia on Ukraine has heavily impacted the overall market in the CIS region due to disruptions in the supply chain.

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Key Takeaways from Market Study
- Demand for paints and coatings in the CIS market is forecasted to reach a value of US$ 12.39 Bn by the end of 2032.
- Russia is anticipated to remain one of the key markets in CIS accounting for around 58.5% share in 2022.
- By technology, the architectural segment is anticipated to witness a CAGR of 4.4% over the decade.
- By base type, the industrial segment is expected to experience a significant growth rate over the coming years.
- By application, the wood segment is anticipated to remain key, and the sector is set to account for 9.4% market share in industrial paints and coatings in 2022.

"Key players in the CIS paints and coatings market are expanding their production capacities in collaboration with respective governments. The goal of expanding production capacity is to reduce reliance on imports and meet regional demand," says a Persistence Market Research analyst.

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Competitive Landscape
The CIS paints and coatings market is a fairly consolidated space with a few players highly active in the market. Some of the key market players included in the report are Henkel Group, Akzo Nobel NV, Kansai Paint Co., Ltd, Jotun Group, Hempel A/S, DAW SE, Fosroc, Russian Coatings, Belzona International Ltd, and Steuler-KCH GmbH.

Key market participants are strategically focusing acquisitions and collaborations to increase their market presence and attain higher market shares. Small and medium manufacturers are focusing on providing cost-effective and value-for-money products to improve their market penetration.
Conclusion

In CIS countries, the construction and automotive industries are important markets for paints and coatings. Increased government focus on expanding investments and rapid industrialization are primary development factors for the CIS paints and coatings sector.

The industrial sector is one of the fastest-growing segments in the paints and coatings market, accounting for more than half of the market. However, due to the pandemic situation, demand from this industry was low in 2020. However, demand began to recover in the first quarter of 2021 and is expected to gain traction in line with its historical growth.

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Key manufacturers of paint and coating are concentrating their efforts on research & development in order to produce higher-quality products with long-lasting durability and high efficiency. End users are also expected to prefer water-based paints and coatings over solvent-based paints and coatings due to growing concerns about the emission of volatile organic compounds (VOCs).

More Valuable Insights Available
Persistence Market Research, a research and consulting firm, has published a new market research report on the CIS paints and coatings market that contains industry analysis of 2017–2021 and opportunity assessment for 2022–2032.

The report provides in-depth analysis of the market through different segments, namely, technology, base, application, and country. The report also provides supply and demand trends along with an overview of the parent market.

Related Reports:
o Paints and Coatings Market
o Specialty Paints and Coatings Market
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Demand for pyrogen testing is estimated to surge at a CAGR of 12.2% from 2021 to 2031.

New york, NY -- (ReleaseWire) -- 04/19/2022 -- New York: With recorded sales of US$ 1.32 Bn in 2020, the global pyrogen testing market is predicted to experience high growth over the years ahead, owing to high product adoption globally. Demand for pyrogen testing is estimated to surge at a CAGR of 12.2% from 2021 to 2031.

Pyrogen testing determines the presence or absence of pyrogen in parenteral medicines and medical devices to avoid life-threatening problems that are induced by foreign substances (pyrogens). Sterility of the product does not mean that it is pyrogen-free. Since life expectancy has been increasing over the past decades, incidence of critical illnesses has risen worldwide. With the rising need for novel healthcare products and regulations, demand for pyrogen testing is expected to steadily rise over the forecast period

As the European Pharmacopoeia is actively doing, the long process of international validation, acceptance, and implementation of the test, now known as the Monocyte Activation Test (MAT), affects animal numbers and it has reduced the number of animals by more than 70%, at least in Europe. MAT availability discusses LAL / deficiency, BET, including restrictions on gram-negative bacteria, lack of reflection of efficacy in the human body, interference and masking by many products, and reservations for horseshoe crab animal care.

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The obvious benefits of MAT in all these areas should lead to the transition from LAL / BET to MAT. This is already evident in vaccines and medical products and services, but other areas such as blood transfusion safety testing, cell therapy and nanomaterials, and aerial pyrogen evaluation are not yet aware of the potential of MAT.

Key pyrogen testing service providers are focusing on increasing their market penetration into untapped markets via collaborations and launching of new products. Companies are also focusing on enhancement of products and services, and investing in R&D. For instance, the R&D investment of Lonza group during the year 2019 was somewhere around US$ 199 Mn.

The pyrogen testing market is consolidated with a few prominent market players, and presents several lucrative opportunities for new entrants to create a foothold in this industry. Increased product adoption rate can be a beneficial factor for the manufacturers of these medical devices to expand into regional as well as emerging markets.

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Key Takeaways from Market Study
- Test kits & reagents, under the product and service category for pyrogen testing, is growing tremendously. Owing to high adoption of test kits and reagents, which is relatively higher in terms of volume compared to consumables or instruments, this segment held 43.2% market share by value in 2021.
- Pharmaceutical companies are steadily transitioning toward other testing methods owing to the low sensitivity offered by RPT, along with the fact that the results obtained are non-human specific and are qualitative in nature. Thus, pharmaceutical companies held the highest market share of 44.7% by value in 2021.
- Animal-based tests are mostly preferred for detecting pyrogens. The animal-based segment accounted for market share of around 86.5% in 2021, which is the highest of all measured across the market.
- Increased demand for biologics, considering their wide range of application, will provide lucrative opportunities for manufacturers in the near future. The segment held 16.6% of total market share by value in 2021.
- The North America pyrogen testing market accounted for 38% of the global market share in 2021.

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"Increased prevalence of chronic diseases, rising demand for biopharmaceuticals, and innovations in medicines & vaccines will drive the growth of the pyrogen testing market over the coming years," says an analyst of Persistence Market Research.

Market Competition
Key players in the pyrogen testing market are investing in innovating cost-effective, user-friendly devices to gain the attention of healthcare providers. Along with product innovation, market players are also aiming for various collaborations to create goodwill and successfully market their products.
- For instance, PerkinElmer, Inc. collaborated with Insightful Science in March 2021, a software company serving the global life sciences community, to expand its existing capabilities in the biologics drug discovery space.

What Does the Report Cover?
Persistence Market Research offers a unique perspective and actionable insights on the pyrogen testing market in its latest study, presenting historical demand assessment of 2016 – 2020 and projections for 2021 – 2031.

Related Reports:
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o Glucose Testing Market

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Persistence Market Research is always way ahead of its time. In other words, it tables market solutions by stepping into the companies'/clients' shoes much before they themselves have a sneak pick into the market. The pro-active approach followed by experts at Persistence Market Research helps companies/clients lay their hands on techno-commercial insights beforehand, so that the subsequent course of action could be simplified on their part.

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In the U.K, the market for sports nutrition is worth more than US$ 900.

New york, NY -- (ReleaseWire) -- 04/19/2022 -- New York: As per detailed industry analysis by Persistence Market Research, the global sports nutrition market is predicted to surge at 9.6 CAGR and close in on a valuation of US$ 52.5 Bn by the end of 2032.

Consumers across the world are experimenting with specific eating styles/diet plans that best fit their nutritional objectives. Millennials are the most likely to embrace a specific eating strategy as well as try out multiple plans. They prefer vegetarian, juice cleanse/ detox, Paleo, or vegan eating styles, while the older generations prefer lactose-free food products.

Calorie counting is still the most popular weight-loss strategy, with half of the people trying to lose weight opting for it, followed by meal replacement shakes/bars (24%), raw food, vegetarian, vegan diets (19%), and high protein diets (18%). One out of every ten parents in the world purchase a weight-loss food or beverage for their child.

More than a quarter of all food customers look for claims of low-calorie content. Two-third of adults seek foods that will make them feel fuller for extended periods. Sports nutrition popularity is projected to increase as a result of such eating and purchasing patterns. The functional beverage market includes a wide range of products that address various health conditions.

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Daily dose of vitamins or other nutrients is one trend related to functional and sensory benefits. Another is probiotics, which are exhibited by Activia yogurt and are beneficial to gut health and the immune system.
- Function BRAINIAC, a carambola punch Energy Drink in the Function Drinks brand, focuses on memory and mental sharpness.
- Nestle's Boost, a major brand in functional drinks for kids, has garnered increased notice.
- In the functional beverage market, Red Bull and 5-Hour Energy are well-known for weight reduction, health and beauty drinks, and energy-boosting functional beverage products.

Key Takeaways from Market Study
- Based on the function of sports nutrition, demand for energizing products is expected to expand at a volume CAGR of 10.5% and reach 712,035 tons by the end of 2032.
- In the U.K, the market for sports nutrition is worth more than US$ 900.
- The sports nutrition market is expected to expand at CAGRs of 7.8% and 6.8% in South Asia and East Asia, respectively, through 2032.
- Growing preference for multiple flavored products is driving the sales of sports nutrition across Europe, which is expected to reach 301,748 tons by the end of 2032.
- In Oceania, most sports nutrition products are ordered through specialty stores and online retail.
- The Latin America market for sports nutrition holds a volume share of 12% of organic products.
- COVID 19 pushed consumers toward leading a healthy lifestyle and led them to look for products that enhance immunity.

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"Consumers are becoming more aware of the benefits of healthy and nutritious diets as the incidence of lifestyle diseases rises, which is a major factor influencing demand growth of sports nutrition. Introduction of new and unique flavored products will also drive sales of nutritional products," says a Persistence Market Research analyst.

Competitive Landscape
Manufacturers of sports supplements are focused on continuously investing in expanding their operations and acquiring smaller companies to cater to growing demand. Companies are also putting emphasis on promotional activities among consumers.
- In January 2020, Keurig Dr. Pepper acquired Limitless Sparkling Water. This product is free from sugar, has zero calories, and contains 35 milligrams of caffeine in different fruit flavors. This partnership will help expand the distribution of Limitless products.
- In June 2020, Nestle Health Science agreed to buy a majority stake in Vital Proteins, a leading collagen, lifestyle, and wellness brand offering supplements, beverages, and food products.

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Explore More Valuable Insights
Persistence Market Research, in its new report, offers an impartial analysis of the global sports nutrition market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
The study offers compelling insights based on function (energizing products, rehydration, pre-workout, recovery, weight management), product form (ready-to-drink, energy & protein bars, powder, tablets/capsules), flavor (regular, flavored, fruit punch, berries, citrus, chocolate, vanilla, other flavors), sales channel (convenience stores, specialty stores, pharmacy stores, online retail, other sales channels), nature (organic, conventional), and price range (economic & premium), across seven major regions of the world.

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Persistence Market Research is always way ahead of its time. In other words, it tables market solutions by stepping into the companies'/clients' shoes much before they themselves have a sneak pick into the market. The pro-active approach followed by experts at Persistence Market Research helps companies/clients lay their hands on techno-commercial insights beforehand, so that the subsequent course of action could be simplified on their part.

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Ongoing research & development is expected to create ample opportunities for xenon gas suppliers over the assessment period of 2022-2032.

New york, NY -- (ReleaseWire) -- 04/19/2022 -- New York: The global xenon gas market is projected to expand at a 5% annual rate over the decade. Rising end-use sectors, technological advancements, and increasing healthcare & research spending are expected to drive market growth.

Owing to various technological advancements over the past years, the use of rare gasses, including xenon gas, has grown at a substantial rate in the healthcare sector. Xenon gas finds a variety of applications in the treatment of various respiration diseases. Ongoing research & development is expected to create ample opportunities for xenon gas suppliers over the assessment period of 2022-2032.

However, there are various health risks associated with the use of xenon gas, such as when consumed in high quantities it can cause nausea, dizziness, vomiting, and even death. Death can happen quickly if oxygen levels are low. In rare cases, xenon gas has been connected to mental illness and exhaustion. It has been related to undesirable effects such as hypertension, nausea, and vomiting in a substantial number of persons who have been administered it as an anesthetic.

Emotional instability is prevalent, and exhaustion quickly sets in. Asphyxia can cause nausea and vomiting, prostration and loss of consciousness, and finally convulsions, deep coma, and death. These factors may limit market growth of xenon gas to some extent.

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Key Takeaways from Market Study
- Global demand for xenon gas is forecasted to reach a value of US$ 239.6 Mn by the end of 2032.
- North America is anticipated to remain one of the key regions in the global market, accounting for around 31.6% market share in 2022.
- By supply mode, the cylinders segment is anticipated to witness a CAGR of 5% over the decade.
- By end-use industry, the aerospace and aircraft segment is expected to be the largest consumer of xenon gas owing to its applications in satellite propulsion
- Key manufacturers are laying emphasis on research & development to discover new application areas and increase their sales.

"Growing trend of space missions and rising space research spending by various countries across the globe are expected propel consumption of xenon gas over the coming years," says a Persistence Market Research analyst.

Competitive Landscape
The global xenon gas market is a highly consolidated space with a certain number of players highly active in the market.

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Some of the key market players included in the report are Air Liquide, The Linde Group, Matheson Tri-Gas, Inc., American Gas Products, Air Products & Chemicals, Inc., Air Water Inc., Proton Gases (India) Pvt. Ltd., Axcel Gases, and Messer Group GmbH, among others.

Key market participants are expected to maintain a competitive environment all over the globe.

Conclusion

The aerospace and aircraft sector is a crucial industry for xenon gas owing to high consumption rate. Extraordinary growth in space missions across the globe is expected to elevate demand for xenon gas worldwide. However, various health risks associated with the use of xenon gas is expected to hamper the growth rate of the market.

Key manufacturers are engaged in the exploration of new application areas through consistent involvement in research & development to overcome existing challenges.

The global xenon gas market experienced a significant drop in 2020 due to hindered demand from end-users industries, but it is expected to recover quickly following the pandemic. COVID-19 had a devastating influence on all countries around the world, culminating in a global economic downturn. Majority of countries affected were compelled to implement widespread shutdowns, which had a negative influence on their industrial and commercial activities.

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More Valuable Insights on Offer
Persistence Market Research, a research and consulting firm, has published a new market research report on the global xenon gas market that contains industry analysis of 2017–2021 and opportunity assessment for 2022–2032.
The report provides in-depth analysis of the market through different segments, namely, supply mode, end-use industry, and region. The report also provides supply and demand trends along with an overview of the parent market.

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Persistence Market Research is always way ahead of its time. In other words, it tables market solutions by stepping into the companies'/clients' shoes much before they themselves have a sneak pick into the market. The pro-active approach followed by experts at Persistence Market Research helps companies/clients lay their hands on techno-commercial insights beforehand, so that the subsequent course of action could be simplified on their part.

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Oral dosage form dominates the product segment in terms of revenue and accounted for more than 61% market share in 2021.

New york, NY -- (ReleaseWire) -- 04/19/2022 -- New York: Formulation development, being a crucial part of product/drug development, has highly impacted pharmaceutical products' patentability, sustainability, and success. The global outsourced clinical trials & formulation market recorded sales worth US$ 13.3 Bn in 2021, and is estimated to expand at a CAGR of 6.7% over the forecast period (2022-2032).

In recent years, pharmaceutical companies have been concentrating their efforts on their core competencies. To reduce the amount of time and money spent on trials, most pharmaceutical companies outsource formulation services. Outsourcing helps make use of CROs' therapeutic and operational knowledge, geographic reach, and well-established procedures and tools, while reserving their own limited resources for value-added tasks. The tendency toward drug discovery in specific therapeutic areas such as cancer is also significant. Small- and medium-sized organizations can outsource clinical trials in these areas if they lack the therapeutic area expertise and/or resources to manufacture the product independently.

Rise in geriatric populations and increased prevalence of chronic diseases are encouraging CDMOs to develop new products to accelerate treatment procedures by pharmaceutical companies. The role of CDMOs is to simplify the supply chain and introduce new products into the market, which, in turn, will increase the growth of CDMOs in the market. An increase in therapeutic applications of biologics and increased pipeline molecules share will boost contract development and manufacturing market growth.

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Since the outsourced clinical trials & formulation market has emerging key players across the globe, it will provide lucrative prospects for new market participants to establish their presence as well as expand their business. Larger and full-service CDMOs can improve efficiency and reduce time-to-market for customers, as well as gain better margins, grow faster, and have greater capital investment and financing capacity through improved access to capital integrated services.
- For example, on December 1, 2021, Adare Pharma Solutions acquired Frontida BioPharm to expand leading CDMO offerings.

Key Takeaways from Market Study
- Oral dosage form dominates the product segment in terms of revenue and accounted for more than 61% market share in 2021.
- With more than 46% market share, API manufacturing is the leading segment by application.
- Small- and medium-size pharma/biotech companies held more than half of the global market share in 2021.
- The North America market for outsourced clinical trials & formulations accounted for more than 40% of the global market share in 2021.

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"Patent expiry and increasing demand for generic drugs will boost demand for outsourced clinical trials & formulations over the coming years," says an analyst of Persistence Market Research.

Market Competition
Key market players involved in outsourced clinical trials & formulations are investing in R&D activities, and expanding their sales footprint by collaborating with emerging companies to gain the attention of healthcare providers in the global market. Along with expansions, market players are also aiming for various new product launches and acquisitions to create goodwill and successfully grow in the market.
- On November 16, 2020, Aenova completed the product launch of vegan soft capsules, Aenova VegaGels®.
- On November 22, 2021, Hovione, expanded its facilities at East Windsor, New Jersey, laying the foundation for a state-of-the-art Hovione Campus.

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What Does the Report Cover?
Persistence Market Research offers a unique perspective and actionable insights on the outsourced clinical trials & formulation market in its latest study, presenting a historical demand assessment of 2016 – 2021 and projections for 2022 – 2032.

The research study is based on the product (oral dosage forms {solid dosage forms, liquid dosage forms, semi-solid dosage forms}, injectable dosage forms, and others), application (API manufacturing, fill-finish product manufacturing, drug product development, packaging/labelling, and others), and end user (big pharmaceutical and biotech companies, small and medium pharma/biotech companies, emerging/virtual pharma companies, and nutraceutical companies), across four key regions (North America, Europe, Asia Pacific, and the Rest of the World).

Related Reports:
o Orally Disintegrating Tablet Market
o AI-based Clinical Trials Solution Providers Market
o Canine Stem Cell Therapy Market

About Persistence Market Research:
Business intelligence is the foundation of every business model employed by Persistence Market Research. Multi-dimensional sources are being put to work, which include big data, customer experience analytics, and real-time data collection. Thus, working on "micros" by Persistence Market Research helps companies overcome their "macro" business challenges.

Persistence Market Research is always way ahead of its time. In other words, it tables market solutions by stepping into the companies'/clients' shoes much before they themselves have a sneak pick into the market. The pro-active approach followed by experts at Persistence Market Research helps companies/clients lay their hands on techno-commercial insights beforehand, so that the subsequent course of action could be simplified on their part.

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A number of innovative and advanced therapies for the treatment and management of psoriasis are under development, many of which have novel targets and mechanisms of action.

New york, NY -- (ReleaseWire) -- 03/31/2022 -- New York: Psoriasis is a chronic inflammatory skin disease that occurs due to genetic disposition and environmental factors. Psoriasis is a systemic disease associated with psychological, metabolic, arthritic, and cardiovascular comorbidities. On an average, psoriasis affects around 2 – 3% of the population globally.
Plaque psoriasis, being the number one and most common indication, held nearly 85% share of the US$ 11.37 Bn psoriasis drugs market in 2021, with the market estimated to expand at a CAGR of nearly 6.5% over the next ten years.

An array of agents exist for the symptomatic treatment of psoriasis. Patients with mild-to-moderate psoriasis typically receive topical treatments that modulate gene transcription, promote keratinocyte differentiation, and inhibit cell proliferation.

A number of innovative and advanced therapies for the treatment and management of psoriasis are under development, many of which have novel targets and mechanisms of action. Psoriasis is linked with a number of medical conditions inclusive of psoriatic arthritis, depression, and cardio metabolic syndrome. The most commonly occurring form of psoriasis is chronic plaque.
Common treatment methods of psoriasis include topical administration of vitamin D analogues, glucocorticoids, and phototherapy. Moderate to severe psoriasis often calls for systemic treatment.

Prevalence of psoriasis has displayed a growing trend over the past decade. Rising awareness initiatives regarding psoriasis disease and its management & treatment options, increasing reimbursement support, and growing research & development with the adoption of biologics and biosimilars are some of the factors responsible for impacting the psoriasis drugs market and aiding sales growth.

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Key Takeaways from Market Study
- Topical products are expected to continue holding over one-third market value share through 2031, primarily because of clinically approved topical ointments, foams, and creams available for the management of inflammation and rash due to psoriasis.
- Efficiency of corticosteroids for skin irritability and inflammation makes corticosteroid the leading segment with over 34% of revenue share in 2021.
- Easy availability of psoriasis drugs in hospital pharmacies and large distribution networks of hospital chains make it the largest segment, with more than 39% market share.
- Plaque psoriasis is the most commonly occurring autoimmune disease, accounting for a revenue share of around 85% in 2021.
- Presence of a large number of manufacturers, rising public awareness, and easy availability of psoriasis drugs and treatment options make North America the leading regional market with over 27% market share in 2021.

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"Growing adoption of combination therapy and favourable reimbursement support for psoriasis to drive market growth," says an analyst of Persistence Market Research.

Market Competition
Companies such as Amgen and Sun Pharma have been strongly working toward the development of an extensive clinical pipeline and manufacturing of new product lines for the treatment of psoriasis.
- In December 2021, Amgen announced positive top-line results from the Otezla® (apremilast) Phase 3 DISCREET study in moderate to severe genital psoriasis.
- In September 2020, Sun Pharma announced the launch of ILUMYA® (tildrakizumab) for the treatment of plaque psoriasis, in Japan.

Similarly, other psoriasis drug manufacturers are also trying to maintain and strengthen their portfolios through collaborations with local players or distribution partners. All such recent developments related to companies manufacturing psoriasis drugs have been tracked by the team at Persistence Market Research, which are available in the full report.

Key companies operating in the psoriasis drugs market include Janssen Biotech Inc, Novartis International Ltd., Amgen Inc, Pfizer Inc., Takeda Pharmaceutical Company Ltd. Merck & Co, Inc., Abb Vie Inc., Eli Lilly and Company, Boehringer Ingelheim GmbH, and Sun Pharmaceutical Industries Ltd.

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What Does the Report Cover?
Persistence Market Research offers a unique perspective and actionable insights on the psoriasis drugs market in its latest study, presenting historical demand assessment of 2016 – 2021 and projections for 2022 – 2031.
The research study is based on the product (topical, oral, and injectable), drug class (interleukin inhibitors, corticosteroids, anti-inflammatory, and tumor necrosis factor inhibitor), distribution channel (hospital pharmacies, retail pharmacies, and e-Commerce), and indication (guttate psoriasis, inverse psoriasis, pustular psoriasis, erythrodermic psoriasis, and plaque psoriasis), across seven key regions of the world.

Related Reports:
- Plaque Psoriasis Treatment Market
- Systemic Psoriasis Therapeutics Market
- Chronic Plaque Psoriasis Therapeutics Market

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The global business of dimer fatty acid is projected to witness a significant growth rate owing to the growing paints & coatings market and increasing infrastructural investments.

New york, NY -- (ReleaseWire) -- 03/31/2022 -- New York: The global dimer fatty acid market was valued at US$ 559.1 Mn in 2021. Increase in R&D investments to find better production methods of dimer fatty acid is expected to propel sales of the chemical at 3.8% CAGR through 2031.

Rising demand for dimer fatty acids to be used in hot melt adhesives, along with increasing construction spending to improve local infrastructure, will continue pushing sales of dimer fatty acid. Besides, demand for inexpensive pure chemicals is creating lucrative growth prospects for dimer fatty acid suppliers. Surge in the production of oilfield chemicals to meet growing consumer demand is also expected to provide an impetus dimer fatty acid consumption and urge manufacturers to boost their production and supply of the material.

As per our regional analysis, China is anticipated to dominate the global market. High growth can be attributed to the presence of many regional and local manufacturers of dimer fatty acid in the country. Dimer fatty acid manufacturers in China are expending in increasing their production capacities, forecasting huge demand for the same over the coming years

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Key Takeaways from Market Study
- By product type, standard dimer fatty acid accounted for more than 60% market share in 2021.
- Sales of standard dimer fatty acid applied in non-reactive polyamides held around 40.9% of the global market share in 2021.
- The U.S. held a dominant share of 87.4% of the North America dimer fatty acid market in 2021.
- China will remain as a lucrative market, creating an incremental opportunity of US$ 81.2 Mn by 2031.
- Germany is projected to account for 24.5% of the European market share in 2031.
- China and Japan held 24.4% and 3.8% of the global dimer fatty acid market share, respectively, in 2021.

"Increasing demand for distilled & hydrogenated dimer fatty acid and polyamide resins, coupled with rise of the paints & coatings industry, will provide growth potential to market players over the coming years," says a Persistence Market Research analyst.

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Competitive Landscape
Leading manufacturers of dimer fatty acid include Kraton Corporation, Croda International Plc., Oleon NV, Jiangsu Yonglin Oleochemical Co., Ltd., Jiangxi Longwell Industrial Co., Ltd, Aturex Group, Shandong Huijin Chemical Co. Ltd, Emery Oleochemicals, Florachem Corporation, and Jiangsu Jinma Oil Technology Development Co., Ltd.

Key market participants are investing in strategic business agreements and are focusing on the expansion of their global footprint through the construction of new production units. Apart from this, players are increasing investments in research & development to find better production methods of dimer fatty acid.

- For instance, in June 2018, Oleon NV opened a new production unit in Belgium to produce dimer and isostearic acids, which is expected to double the company's worldwide market share within the product segment of dimers and acids to around 30%.

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Conclusion
The global business of dimer fatty acid is projected to witness a significant growth rate owing to the growing paints & coatings market and increasing infrastructural investments.

Increasing demand for inexpensive pure chemicals is expected to continue pushing the sales of standard dimer fatty acid. Furthermore, rising demand for high-quality products for surface coatings, printing inks, adhesives, and oilfield chemicals will provide various opportunities to the key players for further growth in the market.

Several stakeholders are focusing on strategic expansions and partnerships to increase their global footprint. They are also increasing investments in R&D to cater to growing demand from end-use industries.
More Valuable Insights Available

Persistence Market Research, a research and consulting firm, has published a new market research report on the global dimer fatty acid market that contains industry analysis of 2016–2020 and opportunity assessment for 2021–2031.

The report provides in-depth analysis of the market through different segments, namely, product type, application, and region. The report also provides supply and demand trends along with an overview of the parent market.

Related Reports:
- Oleochemicals Market
- Hot Melt Adhesives Market

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Global demand for methanol is forecasted to reach a value of US$ 60.4 Bn by the end of 2031.

New york, NY -- (ReleaseWire) -- 03/31/2022 -- New York: The global methanol market is anticipated to witness a growth rate of around 5.9% over the decade. Methanol is used to make a variety of compounds. It is vital in the production of chemicals that are widely used in end-use sectors such as automobiles, pharmaceuticals, and others.

Methanol is also known as wood alcohol, wood spirit, or methyl alcohol. It contains the methyl group linked with the hydroxy group. It is formerly manufactured by destructive distillation of wood, and is a primary alcohol. It is also considered as the building block for hundreds of everyday materials, including construction materials, paints, and plastics.

The methanol market is not a standalone industry but rather depends upon several end-use sectors. Growth of end-use industries directly impacts the growth of this market. Over the past few decades, growth of automotive, chemical, and construction industries has contributed significantly to the growth of the market.

As a result of widespread lockdowns and transportation restrictions, the COVID-19 pandemic had a substantial effect on market growth in 2020. The crisis had a substantial impact on world economy due to lockdowns and suspension of critical businesses such as manufacturing and service industries. However, industrial activity and economic growth is projected to return back to desirable growth over the coming months and years. Methanol demand is anticipated to witness a certain rise owing to its high demand from various end-use industries.

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Key Takeaways from Market Study
- Global demand for methanol is forecasted to reach a value of US$ 60.4 Bn by the end of 2031.
- China is anticipated to remain one of the key markets for methanol, accounting for around 47.9% share in 2021.
- The formaldehyde segment is anticipated to witness a CAGR of 6.7% over the decade.
- The U.S. market is expected to expand at a significant growth rate of 5.3% through 2031.
- By end-use industry, the chemicals segment is set to remain a key sector and account for more than 55% market share in 2021.

"Key market players are focusing on heavy investments in R&D along with expansions, acquisitions, capacity expansions," says a Persistence Market Research analyst.

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Competitive Landscape
The global methanol market is a semi-fragmented market with a significant presence of key manufacturers in the market.

Some of the key market players included in the report are SABIC, BASF SE, MITSUBISHI GAS CHEMICAL COMPANY, INC., Mitsui & Co., Ltd., BioMCN, Celanese Corporation, Petroliam Nasional Berhad (PETRONAS), Metafrax Group, Saudi International Petrochemical Company (Sipchem), Methanol Chemicals Company (Chemanol, Deepak Fertilizers and Petrochemicals Corporation Limited, Qatar Fuel Additives Company, Gujarat Narmada Valley Fertilisers & Chemicals, Anhui Ruibai New Material Co., Ltd., Brunei Methanol Company Sdn. Bhd., Zagros Petrochemical Company, UCP Chemicals AG and many others.

Key market participants are expected to maintain a competitive environment across the world. Market participants are focusing on expansion through acquisitions, collaborations, and by entering into emerging economies. Key market players are investing in R&D to introduce new products into the market.

- In March 2021, Fairway Methanol LLC, is a joint venture between Mitsui & Co. Ltd and Celanese Corporation, announced the expansion of its facilities to increase its methanol production.

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Conclusion
The global methanol market is projected to witness a significant growth rate owing to growing construction, chemical, and pharma sectors, and increasing per capita expenditure.
Rising urbanization is boosting construction, pharma, automobile, and electronics industries, which expected to drive demand for methanol over the coming years. Rise in automobile production along with expansion of manufacturing industries are major driving factors for market growth.
Numerous industry participants are focusing on expansions and partnerships to increase their global footprint.

Key players are also increasing their investments in R&D and expanding their production facilities to cater growing demand from end users.

More Valuable Insights on Offer
Persistence Market Research, a research and consulting firm, has published a new market research report on the global methanol market that contains industry analysis of 2016–2020 and opportunity assessment for 2021–2031.
The report provides in-depth analysis of the market through different segments, namely, feedstock source, application, end-use industry, and region. The report also provides supply and demand trends along with an overview of the parent market.

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- Acetic Acid Market
- Methyl Methacrylate Market
- Automobiles Coolant Market

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Global demand for water and wastewater pipes is forecasted to cross a value of US$ 120.9 Bn by the end of the assessment period.

New york, NY -- (ReleaseWire) -- 03/31/2022 -- New York: The global water and wastewater pipes market is anticipated to witness a growth rate of around 6.5% over the decade (2022-2032). Market growth is mainly attributed to rise in urbanization, growing construction sector, and increased government spending on water infrastructure.

Use of water and wastewater pipes has seen significant growth since the past few years, prominently due to increasing investments in water infrastructure by various governments. Additionally, international organizations such as the World Bank also offer financial assistance for improving water infrastructure in economically developing countries.

Increased investments in residential as well as commercial construction all over the world coupled with growth in per capita expenditure in the past few years has uplifted the market. Furthermore, this expenditure is anticipated to continue as the net income of individuals will keep increasing over the coming years.

The global water and wastewater pipes market was significantly impacted by the COVID-19 pandemic. In FY2020, market growth was limited due to a significant drop in the agriculture, construction, and other industrial sectors. However, with increased vaccination rates and a lower COVID-19 case count, as well as government programs, tax reliefs, and other economic efforts, demand for water and wastewater pipes is expected to regain traction over the coming quarters.

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Key Takeaways from Market Study
- Global demand for water and wastewater pipes is forecasted to cross a value of US$ 120.9 Bn by the end of the assessment period.
- North America is set to remain one of the key regional markets accounting for over 25% of the global market share.
- By product type, demand for plastic pipes is anticipated to witness a CAGR of 7% over the decade.
- The market in India is expected to grow at a substantial rate of 7% over the forecast period.
- East Asia to remain the fastest-growing regional market through 2032.

"Key market players are focusing on strategic expansions to cater to increasing demand and provide more sustainable water and wastewater pipes," says a Persistence Market Research analyst.

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Competitive Landscape
The global market for water and wastewater pipes has been identified as a moderately fragmented space, owing to which, leading companies account for around one-fifth of the market share.

Some of the key market players included in the report are Cabot Corporation, Tata Steel Limited, Cemex, S.A.B. de C.V., Nippon Steel Corporation, AMERICAN (American Cast Iron Pipe Company), Sekisui Chemical Co., Ltd., Future Pipe Industries, China Lesso Group Holdings Limited, Orbia, JM EAGLE, INC., and Aliaxis Group SA.
Key market participants are expected to maintain a competitive environment all over the globe.

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More Valuable Insights on Offer
Persistence Market Research, a research and consulting firm, has published a new market research report on the global water and wastewater pipes market that contains industry analysis of 2012–2021 and opportunity assessment for 2022–2032.

The report provides in-depth analysis of the market through different segments, namely, product type, pipe diameter, end use, application, and region. The report also provides supply and demand trends along with an overview of the parent market.

Related Reports:
- Pressure Relief Valves for Water and Wastewater Treatment Market
- Plastic Pipes Market

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Global demand for thermostatic mixing valves is forecasted to reach a value of US$ 1.8 Bn by the end of 2032.

New york, NY -- (ReleaseWire) -- 03/31/2022 -- New York: The global thermostatic mixing valves market is anticipated to witness a growth rate of around 4.8% from 2022 to 2032. Market growth is anticipated to be driven by rise in urbanization, growing construction sector, and increasing demand for smart plumbing solutions.

High use of thermostatic mixing valves in the residential sector has been prominently driving market growth over the past few years. However, demand is expected to increase further due to new laws by various regulatory bodies to use thermostatic mixing valves for plumbing applications.

Ongoing investments in new product development has been a key trend observed in the market as manufacturers are focused on providing cost-effective and innovative solutions for consumers, and also raising awareness regarding safety from scalding for children and in old-age homes.

The COVID-19 pandemic negatively impacted global demand for thermostatic mixing valves. A significant drop in residential & commercial construction hampered market growth in FY2020. However, with increasing vaccination pace and decreasing COVID-19 cases, coupled with government schemes, tax reliefs, and other initiatives to uplift the economy, the thermostatic mixing valves market is set to regain its normal growth path within the next few quarters.

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Key Takeaways from Market Study
- Global demand for thermostatic mixing valves is forecasted to reach a value of US$ 1.8 Bn by the end of 2032.
- North America is anticipated to remain one of the key markets accounting for around 42.5% of the global market share.
- By application, the residential segment is anticipated to witness a CAGR of 4.3% over the decade.
- By nominal diameter, the DN 15 segment is expected to grow at a substantial growth rate over the coming years.
- South Asia & Pacific to remain the fastest-growing regional markets through 2032.

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"Rising awareness regarding safety from scalding is a key factor behind the growth of the thermostatic mixing valves market," says a Persistence Market Research analyst.

Competitive Landscape
The global market for thermostatic mixing valves has been identified as a moderately consolidated space, owing to which, leading companies account for more than 70% market share

Some of the key market players included in the report are Reliance Worldwide Corporation, MISUMI Group Inc, Honeywell International Inc, Watts Water Technologies Company, Danfoss A/S, Bradley Corporation, Armstrong International Inc., Caleffi S.p.A, Afriso-Euro-Index GmbH, Pegler Yorkshire, ESBE Group, Hans Sasserath GmbH & Co. KG, Bianchi F.lli S.P.A, Leonard Valve Company, and Geann Industrial Co. Ltd.
Key market participants are expected to maintain a competitive environment across the world.

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More Valuable Insights on Offer
Persistence Market Research, a research and consulting firm, has published a new market research report on the global thermostatic mixing valves market that contains industry analysis of 2017–2021 and opportunity assessment for 2022–2032.

The report provides in-depth analysis of the market through different segments, namely, capacity, nominal diameter, valve type, application, and region. The report also provides supply and demand trends along with an overview of the parent market.

Related Reports:
o Instrumentation Valves and Fittings Market
o Pressure Relief Valve Market
o Pneumatic Valves and Accessories Market

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North America held nearly half of the global postoperative pain management market share in 2021.

New york, NY -- (ReleaseWire) -- 03/31/2022 -- New York: Rising prevalence of postoperative pain, emergence of potential treatment therapies, and development of novel drug delivery approaches are some of the many factors that are expected to drive the growth of the global postoperative pain management market. The market is currently valued at 35.5 Bn, and is expected to witness steady growth during the forecast period at a CAGR of around 5% (2022-2031).

Postoperative pain may cause severe problems such as respiratory, cardiovascular, endocrine, and metabolic dysfunctions, and thus, postoperative pain management is necessary. Growing number of surgical procedures and increasing awareness about postoperative pain management are expected to act as key factors for market growth. According to the National Center for Health Statistics, out of the total surgical procedures, half need postoperative pain management, which provides a high opportunity for market players.

All opioid-based postoperative pain management drugs have substantial adverse effects that are limiting their use. As per CDC, 56,064 people died due to prescription opioid overdose in 2021. Growing incidence of drug overdose and side effects related to postoperative pain management drugs are expected to stunt overall growth of the market to some extent. However, drug manufacturers are focusing on the development of non-opioid drugs with a novel drug delivery approach for extended-release of medications, which can provide relief from postoperative pain for a longer duration of time.

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Key Takeaways from Market Study
- Owing to the efficacy of opioid drugs in providing intense pain relief, the opioids segment held more than 2/3 of the global market in 2021.
- Oral route of administration accounted for 37% of the global market share in 2021.
- Retail pharmacies and hospitals together as distribution channel partners held more than half of the global market share in 2021.
- North America held nearly half of the global postoperative pain management market share in 2021.

"Surge in number of patients undergoing surgical procedures, rising prevalence of postoperative pain, increasing treatment rate of postoperative pain, and commercial availability of abuse-deterrent opioid drugs are expected to drive market growth over the decade," says a Persistence Market Research analyst.

Who is Winning?
Various companies manufacturing postoperative pain management drugs are collaborating with different pharmaceutical companies for the development of non-opioid-based analgesics, and also with organizations for developing integrated approaches toward pain management, and the prevention of diversion of prescription opioid medications and the signs of potential abuse or addiction associated with opioid medications.
With the ongoing opioid epidemic in the U.S., all major manufacturers are also focusing on developing novel analgesic drugs for postoperative pain management.

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For instance, in 2020, Haihe Pharmaceutical Co. Ltd. signed an agreement with 3D Biomedicine Science & Technology Co. Ltd. to outsource the China rights for its RMX-1001 and RMX-1002 non-opioid analgesics candidates.

Key market players are Teva Pharmaceutical Industries Ltd., Allergan plc, Pfizer Inc., Novartis AG, Mylan N.V., Purdue Pharma L.P, Pacira Pharmaceuticals Inc., Endo International plc, Egalet Corporation GlaxoSmithKline Plc, and Janssen Pharmaceuticals, Inc.

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What Else is in the Report?
Persistence Market Research offers a unique perspective and actionable insights on the postoperative pain management market in its latest study, presenting a historical demand assessment of 2016 – 2021 and projections for 2022–2031, based on drug class (opioids, NSAIDs, local anesthetic, and acetaminophen), route of administration (injectable, oral, topical, transdermal, and others), and distribution channel (hospital pharmacies, retail pharmacies, drug stores, clinics, and others), across seven key regions of the world.

Related Reports:
- Medical Practice Management Software Market
- Clinical Trial Management System Market

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New car sales are projected to increase at a value CAGR of 7.4% during the forecast period of 2021-31.

New york, NY -- (ReleaseWire) -- 03/30/2022 -- New York: The Libya passenger market is projected to expand at a volume CAGR of 6.1% over the forecast period of 2021-2031 to reach sales of more than 5.5 Mn units by 2031. The fleet on roads is dominated by used cars that are imported from S. Korea, Europe, China, and the U.S., among many more countries.

In the last fifty years, Libya's urban population has grown at a rapid pace. Every year, growing number of individuals relocate to major cities where better services and infrastructure are accessible. Majority of the urban population lives along the coast, which is home to the country's largest cities, including the capital Tripoli. World Bank indices put the rate of urbanization at 78.75% in 2016. According to the same report, urban population growth rate was 1.18%.

Although Libya's transportation system includes a limited number of modes such as airplanes, waterborne craft, and land-based vehicles such as automobiles and trucks, local trips for moving passengers and products are primarily made by land-based vehicles such as cars, trucks, and, to a lesser extent, buses. These factors are expected to drive the sales of passenger cars in the country.

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Key Takeaways from Market Study
- At a CAGR of 6.5%, D-segment is projected to be the fastest growing segment under car type from 2021 to 2031.
- J-segment is expected to hold the highest market share of 38% under the car type segment in terms of volume.
- By age, the above 6 years segment is projected to enjoy a market share of more than 74% by 2031.
- By brand, Toyota was the segment leader with a market share of more than 34% in 2020 of the total number of cars on road in Libya.
- New car sales are projected to increase at a value CAGR of 7.4% during the forecast period of 2021-31.

"Increasing urbanization, popularity of SUVs, and ban on imports of certain used cars are expected to drive the market for passenger cars in Libya" says a Persistence Market Research analyst.

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Market Landscape Identified to Be Fairly Competitive
On a national basis, the Libya passenger car market is highly competitive and consolidated.
Some of the key passenger car manufacturers included in the report are Hyundai Motor Co., GM, Volkswagen, Kia Corp., Toyota Motor Corporation, Suzuki Motor Corporation, Daimler AG, Ford Motor Company, ZX Auto, BMW Ag, and others

Conclusion
Due to improved economic conditions and rising consumer disposable income, the Libyan passenger car sector has seen consistent growth in demand. From transportation to comfortable/convenient transportation, and from convenient transportation to luxurious and safe transportation, the country has seen a gradual transformation in the passenger car industry.

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Want to Know More?
Persistence Market Research, a research and consulting firm, has published a market research report on the passenger car market in Libya, which has industry analysis of 2016–2020 and opportunity assessment for 2021–2031.

The report provides in-depth analysis of the market through different segments, namely, car type, age, and brand.

Related Reports:
o Passenger Car Sensors Market
o Passenger Car Accessories Market

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Persistence Market Research predicts healthy industrial sector growth rate in economies such as Brazil, India, the Middle East, and Africa, where demand for ZLD will be decent.

New York, NY -- (ReleaseWire) -- 03/30/2022 -- New York: Global zero liquid discharge sales are set to be valued at US$ 744.6 Mn in 2021, with steady long-term projections, according to latest insights by Persistence market Research. The report estimates the market to expand at 8 to 9% CAGR from 2021 to 2031.

Constant demand from heavy end-use industries is driving market growth on a global scale. The fact that there is a zero liquid discharge system design that is suitable for almost any application involving wastewater makes aids constant market expansion.

However, demand for zero liquid discharge plunged in 2020 due to the COVID-19 pandemic, as manufacturers faced supply chain constraints. Moreover, manufacturing facilities put their production on hold in order, adhering to government regulations. Not just 2020, but 2021 is also expected to be affected by numerous factors like socio-political changes happening worldwide.

Nevertheless, there are numerous developments taking place across the landscape:
For instance, in August 2021, WABAG expanded its global footprint with a technologically advanced oil & gas order worth US$ 165 Mn at Amur Gas Chemical Complex LLC., ('AGCC') in Russia. The facility will have a concentrate evaporator unit to maintain ZLD.

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Key Takeaways from Market Study
- Persistence Market Research predicts healthy industrial sector growth rate in economies such as Brazil, India, the Middle East, and Africa, where demand for ZLD will be decent.
- Chemicals & petrochemicals estimated to account around 16% market share.
- Power generation will be another prominent application of zero liquid discharge systems.
- The global zero liquid discharge market witnessed a slump in 2020 due to the COVID-19 pandemic, with a recorded growth of -0.5%.
- The market in GCC Countries is projected to expand at a CAGR around 8%, while that in ASEAN at close to 11%, through 2031.
- The market in India is set to surge at greater than 11% CAGR, while in the rest of South Asia & Pacific at around 12%, over the next ten years.

"The market may see some more downturns in 2021 as well, owing to reduced cash collection in 2020, but after a few quarters thereafter, the scenario will be better. With depleting freshwater resources and long-term overhead reduction in resource utilization and effluent treatment systems, ZLD is expected to be a viable option for existing treatment facilities as well as for new unit installations in respective end-use industries," says a Persistence Market Research Analyst.

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Competitive Landscape
The market is fragmented with key players accounting for more than 50% of the market share. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares. Some of the key players in this industry are GEA Group AG, VA Tech Wabag, Doosan Corp., Veolia Water Technologies, SUEZ Water Technologies & Solutions, and IDE Technologies.

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The research report analyzes demand for zero liquid discharge. The global market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends & market background.

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As per Persistence market Research' research scope, the market has been analyzed on the basis of system type, application, and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply side and demand side.

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Wound Healing Assessment Market witnessing a CAGR of around 5.2% over the forecast period (2021-2031).

New York, NY -- (ReleaseWire) -- 03/30/2022 -- New York: In a recent study by Persistence Market Research on the global wound healing assessment market, it was found that the market is expected to reach US$ 153.8 Mn by 2031, witnessing a CAGR of around 5.2% over the forecast period (2021-2031).

Adequate monitoring of wounds is crucial for guiding treatment decisions, especially for chronic wounds that may not follow the classical sequence of healing events. Non-invasive wound assessment devices are designed to overcome the drawbacks of traditional methods, which are mostly rough, inaccurate, and painful for patients.
These devices estimate the morphological parameters of the wound and provide augmented reality visual feedback on the healing status by projecting the wound border acquired during the last examination, thus improving doctor-patient communication.

Wound assessment devices have proven to be objective and non-operator-dependent tools for assessing the morphological parameters of wounds, and this is one of the major factors driving demand in the market.
Healthcare providers are increasingly using technology in personal and professional contexts, and a logical extension is to use technology for knowledge translation strategies. App-based solutions are all focused on assessing and documenting wounds. The benefits of app-based solutions include the potential to enhance wound healing through evidence-based practices, consistency in primary to community care, and subsequent quality of life for patients.

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Furthermore, these apps can also enhance the ability of healthcare providers to deliver better wound care, enhance knowledge transfer among healthcare professionals, and can potentially result in cost savings for the healthcare sector.
- For instance, in October 2019, WoundVision launched a mobile app for wound imaging, measurement, and assessment. The app standardizes wound photography, measurement, and assessment across the entire healthcare continuum.
- In February 2021, Net Health launched Data Solutions for Wound Care, the nation's largest wound treatment database.
Key Takeaways from Market Study
- Digital wound measurement devices are network-compatible smart devices, and are able to calculate changes in the area of wounds over the course of healing, which leads to account for a high market share of around 49.1%.
- The chronic wounds segment, by indication, accounted for the largest market share of around 60.9% in 2021.
- Fluorescent imaging accounted for the largest share of around 44% by technology in 2021.
- Hospitals accounted for the highest marker share 42.3% in 2021.
- North America held the largest share of over 42% of the global wound healing assessment market in 2021.

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"Global wound healing assessment market expected to witness significant growth due to advancements in AI-based wound healing technologies as a better tool for diagnosis in the wound care space," says a Persistence Market Research analyst.

Who is Winning in This Space?

Some of the leading manufacturers of wound healing assessment devices such as WoundMatrix and Spectral MD, amongst others, are focusing on collaborations and partnerships to provide data solutions to a large group of consumers in order to increase revenue from different geographies.
- In June, 2021 WoundMatrix partnered with Insight UK, a leading provider of technology solutions, to host its WoundMatrix Mobile Wound Management software in the U.K.
- In July, 2020, Spectral MD and ACC collaborated to provide scientific insights of the clinical value of Spectral MD's DeepView technology to find and assess critical limb ischemia.

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Persistence Market Research offers a unique perspective and actionable insights on the wound healing assessment market in its latest study, presenting historical demand assessment of 2016 – 2020 and projections for 2021 – 2031.

The research study is based on product- (digital wound measurement devices (2D measurement devices and 3D measurement devices), tissue oximetry assessment devices, and software (web-based solution and app-bases solution)), based on indication- (chronic wound (venous leg ulcers, diabetic foot ulcers, and pressure ulcers) and acute wound (surgical wounds, traumatic wounds, burn cases)), based on technology- (near-infrared spectroscopy, fluorescence imaging, long-wave infrared technology (LWIT), and hyperspectral imaging), based on end user – (hospitals, ambulatory surgical centers, specialty wound care clinics, and homecare), and across five major regions.

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Demand for urea is increasing due to rising use of fertilizers across the world to increase per hectare production capacity of land to cater to rising demand for food and other agricultural-based products.

New york, NY -- (ReleaseWire) -- 03/30/2022 -- New York: As per analysis by Persistence Market Research, the global urea market size is estimated to expand at a moderate CAGR of 2.3% over the forecast period of 2021-2031.

The agriculture industry has witnessed significant growth in the last few years, and this growth trend is expected to continue over the coming years as well. Growing demand for food and other agricultural products owing to rise in population and urbanization across the globe is driving demand for fertilizers, which, in turn, is elevating demand for urea in the global market.

Demand for industrial-grade urea is also increasing to reduce the emission of nitrous oxide (NOx) gases from diesel, dual-fuel, and lean-burn natural gas engines. There is a growing demand for nutrient-rich NPK fertilizers, which is also boosting the demand for urea globally.

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Key Takeaways from Market study
- Demand for urea is increasing due to rising use of fertilizers across the world to increase per hectare production capacity of land to cater to rising demand for food and other agricultural-based products.
- Countries such as India, Brazil, Indonesia, and Mexico are the fastest-growing markets, expanding at a healthy CAGR owing to the high production of agricultural-based products in these countries.
- China is one of the most lucrative markets for manufacturers owing to vast population and manufacturer-friendly governmental regulations.
- Various environmental regulations imposed on the use of solid urea due to emission of gaseous ammonia that can be dangerous for the environment as well as human health is a longstanding challenge for manufacturers to overcome.
- Demand for industrial-grade urea is also increasing from the automobile sector owing to the use of urea in selective non-catalytic reduction (SNCR) and selective catalytic reduction (SCR) processes, which are used to reduce the emission of harmful gasses from automobile engines.

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"Demand for urea is highest from the fertilizer segment across regions, and will remain so in future," says an analyst of Persistence Market Research.

Competitive Landscape
The global urea market has been identified as a significantly fragmented space, with large manufacturers occupying a major section of the overall industry. Tier-1 manufacturers account for highest market share.
Some of the leading players included in the report are Euro Chem, BASF SE, China National Petroleum Corporation, CF Industries Holdings, Inc., Nutrien Ltd., OST chem, Yara International ASA, Industries Qatar Q.P.S.C, SABIC, PT Pupuk Sriwidjaja Palembang (PUSRI), PT Pupuk Kujang, and PT Pupuk Kalimantan Timur, who are anticipated to create a tough competitive environment at the global level.

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Conclusion

The global urea market is witnessing significant growth due to factors such as growth in population, urbanization, rising demand for food products, and rise in need to increase per hectare yield of land. However, factors such as environmental regulations imposed due to the emission of ammonia gas from ammonium-based fertilizers such as urea are hindering market growth to some extent.

Declining natural gas prices are leading to increasing profitability margins, due to which, more private players are increasing their urea production capacities globally.

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Persistence Market Research, a research and consulting firm has published a market research report on the industrial explosives market that contains global industry analysis of 2016–2020 and opportunity assessment for 2021–2031.

The report provides in-depth analysis of the market through different segments, namely, end use and region. The report also provides supply and demand trends, along with an overview of the parent market.

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The global automotive electrical products market is projected to expand at a moderate CAGR through 2030.

New York, NY -- (ReleaseWire) -- 03/30/2022 -- New York: The global automotive electrical products market is likely to expand steadily, primarily due to swelling popularity of electric vehicles (EVs), concludes Persistence Market Research's (PMR) recently published report on the subject.

As vehicular emission standards toughen, governments are transitioning from conventional diesel, gasoline, and petrol automobiles to more sustainable alternatives. As a result, ownership of EVs is peaking. Estimates suggest more than 500 different EV models by 2022, reaching 8.5 million unit sales by 2025.

These highly sophisticated vehicles require advanced engine and charging setups, thus providing immense traction to the automotive electrical products market dealing in charging cables, connectors, batteries, and other assembly parts. Despite COVID-19-induced sluggishness, the market is expected to climb steadily across the long-term forecast period.

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Key Takeaways from Automotive Electric Products Market Study
- The global automotive electrical products market is projected to expand at a moderate CAGR through 2030.
- North America to retain lucrativeness due to presence of numerous automotive startup companies.
- Automotive connectors to find extensive application for connecting sensors, actuators, and control units of vehicular electrical assemblies.
- Heavy commercial vehicles to generate credible growth opportunities in automotive electrical products market.

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"Increasing vehicle ownership is prompting automotive manufacturers to integrate technological advancements to ensure safety and avoid accidents, thus accentuating the importance of automotive electrical products," remarks a PMR analyst.

Market Interspersed with Numerous Automotive Start-Up Companies
With electric becoming the new normal, the global automotive industry landscape is being rapidly penetrated by various startup companies vying for a significant chunk of the revenue pie across all continents. With global EV sales projected to reach 250 million units by 2030, the automotive electrical products market is poised to witness significant developments.

Technological disruptions such as additive manufacturing, big data & data analytics, electrification, shared mobility, automation, and artificial intelligence have played an instrumental role in motivating the formulation of numerous electrical products and allied services manufacturers.

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Examples of some startup companies include RevitsOne (India), Procon Analytics (U.S), Apostera (Germany), V2X Network (U.K), Intvo (U.S), Udlev (U.S), Unit8 (Switzerland) and DAV (Israel) among others. Existing manufacturing giants are therefore concentrating on partnering with these vendors to effectively leverage their services.

Automotive Electrical Products Market: Competitive Landscape

Prominent manufacturers in the automotive electrical products market depend on strategic partnerships, collaborations, acquisitions, and product launches to carve a footing in this space. In addition, they seek to penetrate developing and emerging countries as they have a very large customer base, as such, yielding significant revenue prospects.
- In November 2020, Broadcom Ltd. launched its first automotive IEEE 802.3ch multigigabit physical and multilayer switches equipped with MACsec support. The solution is specifically designed for addressing the ever-increasing demand for in-vehicle data security, time sensitive networking, and high bandwidth networking.
- In August 2019, BBB Industries Inc. unveiled its "JOB-IN-A-BOX" kit to service its OE-TURBOPOWER turbochargers. The kit consists of studs, O-rings, and gaskets, along with a syringe to pre lubricate the turbocharger before installation. The company also manufactures starters, alternators, hydraulic steering, and EPAS accessories.

Explore More Valuable Insights on Automotive Electrical Products Market
Persistence Market Research, in its new report, offers an impartial analysis of the global automotive electrical products market, presenting historical data (2015-2019) and estimation statistics for the period of 2020-2030. The study offers compelling insights on the automotive electrical products market based on product (light equipment, automotive batteries, automotive connectors, alternators & starters, ignition system & parts, and others) and vehicle (passenger vehicles, light commercial vehicles, and heavy commercial vehicles), across seven regions.

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Globally, the acetylated distarch adipate market is populated by a number of manufacturers. Furthermore, key players are planning inorganic growth by increasing sales footprints in the other region to strengthen their market share.

New york, NY -- (ReleaseWire) -- 03/30/2022 -- New York: Acetylated distarch adipate is a type of starch used in the food industry, mostly as a stabilizer, bulking agent, and thickener. It is majorly sought-after due to its high resisting temperature property. Since it provides exceptional stability of freezing, great transparency, and high temperature stability, demand is ever-increasing across the world.

As per PMR analysis, the global acetylated distarch adipate market is estimated to expand at a CAGR of over 4% during the forecast period of 2020-2030.

Key Takeaways from Acetylated Distarch Adipate Market Study
- BRIC is expected to represent around 21% of incremental $ opportunity as compared to the overall opportunity represented by the global acetylated distarch adipate market.
- The North American region is experiencing bullish growth amid increasing demand from end-use industries, especially from the food industry. The region is also experiencing potential growth in terms of exports of acetylated distarch adipate to neighboring regions, which is expected to boost the growth of the acetylated distarch adipate market in the region.
- Globally, the food industry is experiencing significant growth since the last couple of decades. This growth is estimated to persist over the coming assessment period. Demand for acetylated distarch adipate in the food industry is expected to grow in parallel terms.
- End users such as pulp & paper, textiles, and others will witness lucrative growth, owing to the strong resisting temperature property of acetylated distarch adipate.
- The COVID-19 pandemic has resulted in supply chain and trade disruptions across the world, which will adversely affect the acetylated distarch adipate market in the short term.

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"Increasing demand for acetylated distarch adipate from various end-use Industries, especially from the food sector, owing to its distinctive properties, is anticipated to augment market growth over the coming years. Competition in the global acetylated distarch adipate market with other types of modified starch substitutes is anticipated to further gain momentum in the near future," says a PMR analyst.

Market Landscape Continues to Remain Moderately Fragmented
The landscape in the global acetylated distarch adipate market is moderately fragmented at regional and domestic levels. Key players account for more than one-fourth of the total market share. Some of the leading players included in the report are Ingredion Incorporated, Tate & Lyle PLC, Archer Daniels Midland Company, SUeDSTAeRKE GmbH, Roquette Freres S.A, Venus Starch Suppliers, Agrana Beteiligungs AG, Hasal Tarim Urunleri Sanayi Ve Ticaret Limited, Sirketi, and others. Key market participants are focused on capturing lucrative growth through collaboration with end-use customers and continuing to meet targets through sustained operational excellence.

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Acetylated Distarch Adipate Market: Conclusion
Globally, the acetylated distarch adipate market is populated by a number of manufacturers. Furthermore, key players are planning inorganic growth by increasing sales footprints in the other region to strengthen their market share. Smaller players are targeting organic growth by increasing production level capacity at their existing plants so that to meet regional demand for acetylated distarch adipate.

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Want to Know More?
Persistence Market Research has published a market research report on the acetylated distarch adipate market that contains global industry analysis of 2015–2019 and forecasts for 2020–2030. The report provides insightful analysis of the acetylated distarch adipate market through three segments - grade, application, and region. The acetylated distarch adipate market report also provides supply and demand trends, import-export scenario, and a comprehensive list of suppliers and distributors in the market, along with detailed overview of the value chain.

Browse End-to-end Market: Chemicals and Nanomaterials

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Persistence Market Research offers a unique perspective and actionable insights on the triple-negative breast cancer treatment market in its latest study, presenting historical demand assessment of 2015 – 2019 and projections for 2020 – 2030.

New york, NY -- (ReleaseWire) -- 03/30/2022 -- New York: Significant rise in awareness about preventative therapies is anticipated to drive the triple-negative breast cancer treatment market during the forecast period. According to WHO, the risk of developing cancer before the age of 75 years is around 20.2% and that of dying from cancer before the age of 75 years is around 10.6%.

According to the American Cancer Society, in 2019, around 268,600 new cases of invasive breast cancer were diagnosed among women and approximately 2,670 cases were diagnosed in men. Thus, rising prevalence of breast cancer among the population is expected to propel the growth of the triple-negative breast cancer treatment market over the coming years.

Persistence Market Research predicts that the global triple-negative breast cancer treatment market will exhibit a CAGR of around 5% over the forecast period (2020-2030).

Key Takeaways from Triple-Negative Breast Cancer Treatment Market Study
- Based on drug, paclitaxel is expected to gain traction in the global triple-negative breast cancer treatment market during the forecast period, owing to its efficacy.
- The hospital pharmacies segment is expected to be the most attractive segment in the global triple-negative breast cancer treatment market by distribution channel, and will hold the highest market share.
- North America will dominate the global triple-negative breast cancer treatment market by region over the forecast period, owing to growing population, rising prevalence of breast cancer, and excessive consumption of tobacco and alcohol.
- The triple-negative breast cancer treatment market is expected to experience a short-term negative impact during the COVID-19 pandemic crisis, owing to labor shortage, transportation restrictions, supply chains issues, and shortage of medical instruments for cancer.

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"Rising prevalence of breast cancer, increased focus on innovation of robust drug pipeline and combination therapies, developments in therapeutic areas, and growing concerns about maintaining environmental hygiene after the COVID-19 outbreak are factors expected to contribute to the growth of the global triple-negative breast cancer treatment market," says a PMR analyst.

Accelerated Expansion and Acquisitions & Collaborations by Leading Industry Players to Meet Unmet Demand
Leading manufacturers in the global triple-negative breast cancer treatment market are extensively focusing on expansion of their manufacturing. Government initiatives such as awareness programs, investments by regional manufacturers, and increasing healthcare expenditure are some of the key trends expected to drive the triple-negative breast cancer treatment market over the coming years.

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- For instance, in April 2018, Servier acquired Shire's oncology business to gain direct commercial access in the U.S. At present, Servier offers Oncaspar in the U.S. Prior to this, Shire and Baxalta were involved in a US$ 32 billion merger in 2016.
- Additionally, in January 2018, Sanofi announced its plan to acquire ELOCTATE.

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What Does the Report Cover?
Persistence Market Research offers a unique perspective and actionable insights on the triple-negative breast cancer treatment market in its latest study, presenting historical demand assessment of 2015 – 2019 and projections for 2020 – 2030, on the basis of drug (doxorubicin, cyclophosphamide, paclitaxel, docetaxel, carboplatin/cisplatin, and others) and distribution channel (hospitals, cancer research institutes, and retail clinics), across seven key regions.

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The report estimates the market to surge at a steady CAGR of close to 7% though the course of 2021-2031.

New york, NY -- (ReleaseWire) -- 03/30/2022 -- New York: The Europe automotive parts remanufacturing market is set to be valued over US$ 44 Bn by 2031, according to latest research by Persistence Market Research, a research and consulting firm. The report estimates the market to surge at a steady CAGR of close to 7% though the course of 2021-2031.

Government regulatory actions are aimed at gradually increasing resource productivity, potentially leading to environmental pricing. For example, the European Council and Parliament's Waste Directive 2008/98/EC provided a legislative framework for waste management in European countries. Furthermore, it established fundamental definitions, ideas, and concepts such as waste hierarchy and the polluter pays principle. In the near future, Europe's countermeasures are expected to include stronger environmental regulations for products as well as new ways to tax ecosystem services and resources.

These factors are set to drive the industry for automotive parts remanufacturing in the European continent. Besides, market players are frequently involved in collaborations, mergers, and acquisitions so as to increase their footprint and market share.

- In May 2021, Meritor, Inc. collaborated with Hexagon Purus, a global leader in zero-emission e-mobility. These companies will work together to integrate Meritor's Blue Horizon™ 14Xe™ integrated ePowertrain into Hexagon Purus' contracted projects, which include Class 6 & Class 7 trucks and Class 8 (6x4) vehicles. Production is scheduled to begin in 2021.
- In February 2020, PE Automotive GmbH & Co. KG took over the trading business of Monark Automotive GmbH as well as the Monark brand.

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Key Takeaways from Market Study
- Based on product, the Europe automotive parts remanufacturing market was dominated by electrical parts such as starters, alternators, and others, as demand for electric vehicles grows in Europe
- Vehicle longevity has been gradually increasing in commercial as well as electric vehicle because of remanufacturing parts.
- The passenger vehicles segment dominated the European market for automotive parts remanufacturing, owing to rising consumer demand for compact and mid-sized cars.
- Over the decade, Germany and the U.K. are expected to be extremely profitable markets. Presence of significant automobile OEMs and aftermarket sector in both countries is the primary reason for this.

"Growing awareness and economical prices of remanufactured automotive parts to drive market expansion across the European continent," says a Persistence Market Research analyst.

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Competitive Landscape in Europe
The Europe automotive parts remanufacturing market is highly competitive at regional levels, and highly fragmented in nature. Some of the key players included operating in this space are Borg Automotive A/S, Caterpillar Inc., ZF Friedrichshafen AG, Carwood Group, Meritor, Inc., Valeo SA, Robert Bosch GmbH, Monark Automotive GmbH, Budweg Caliper A/S, ATC Drivetrain, RECRO Ltd., FZT Unna GmbH, E. & U. Hetzel GmbH, Autrans Transmissions Parts & Service B.V., and Scandinavian Transmission Service AB, VEGE Group.

Top companies operating in the market are occupying a hefty share in terms of revenue. With compliance to governmental standards and regulations, these companies have a strong regional presence. Prime manufacturers are also updating their technologies to improve their market shares.

Conclusion
Strict restrictions enacted by the European Council will continue to reduce the rate at which worn-out car parts are abandoned and disposed into the environment. Such measures are boosting the remanufacturing industry's expansion throughout the region, which is known for its important contribution to the worldwide vehicle industry.

Furthermore, due to unpredictable raw material pricing and fragmented OEM presence in Europe, purchasing new parts is becoming increasingly unfeasible. As a result, reprocessing and testing essential automotive components is gaining traction across Europe, bolstering the market for remanufactured automobile parts.

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Find More Valuable Insights
The research report analyses demand for Europe automotive parts remanufacturing. The market has been analysed with the COVID-19 impact, macroeconomic factors, market trends, and market background.
As per Persistence Market Research's scope, the market has been analysed based on product, vehicle, and country. The report gives qualitative and quantitative information on various players in the space. It also tracks the market by both, supply side and demand side.

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The market in Canada is projected to expand at a CAGR of around 7%, while that in the U.S. at close to 6%, through 2031.

New york, NY -- (ReleaseWire) -- 03/30/2022 -- New York: Global industrial engines sales are set to be valued at over US$ 158 Bn in 2021, with stable long-term projections, according to latest insights by Persistence Market Research. The report estimates the market to expand at over 6% CAGR from 2021 to 2031.

Growing need for agriculture equipment and agriculture produce has led to heightened demand for industrial engines from sectors such as agriculture, oil & gas, power generation, and chemicals. Rapid product advancements are also projected to complement market growth over the coming years.

However, demand for industrial engines declined in 2020 due to the COVID-19 pandemic. Nevertheless, the oil & gas industry and construction industry is in recovery mode, which augurs well for the sales of industrial engines in future. Considering the possibility of a spur across many countries, long-term outlook of the market remains positive.

Key Takeaways from Market Study
- Off-highway vehicle engine demand is dependent on the growth rate of agricultural and construction machinery industries. Rising mechanization trend in agriculture in developing countries and spike in residential & commercial construction projects, globally, are driving the construction and agricultural machinery market, which is propelling demand for industrial engines.
- Industrial diesel engines have construction, marine, mining, hospital, forestry, telecommunication, underground, and agricultural applications, which are considered to be lucrative avenues for manufacturers.
- There is increasing need for energy and utilities for rural and semi-urban centers with infrastructure set up in intermediate phases, which is estimated to boost the agriculture sector and power generation industry, thus fueling sales of industrial engines.
- Increasing number of players focusing on R&D and product variations related to industrial engines is anticipated to aid market growth over the years to come.
- Diesel-powered engines to hold over three-fourth market share.
- The power generation industry is projected to hold over 18.2% overall market share as an end user by 2031-end.
- Sales of industrial engines witnessed a slump in 2020 due to the COVID-19 pandemic, with a recorded growth rate of - 5%.
- The market in Canada is projected to expand at a CAGR of around 7%, while that in the U.S. at close to 6%, through 2031.
- The market in India is set to surge at around close to 8% CAGR over the next ten years.

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"Increasing demand for mobile power generation, agriculture industry, and construction industry in recent years expected to provide impetus to industrial engine sales," says a Persistence Market Research analyst.

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Competitive Landscape
The market is understood to be fairly competitive, with key (tier-1) players accounting for more than half of the market share. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares. Some of the key players in this industry are such Mitsubishi, Caterpillar (engines) USA, Deere & Company, Honda Motor Co. Ltd., Hyundai, SIEMENS Energy, Cummins, Kubota Corporation, and Yanmar.

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Find More Valuable Insights
The research report analyzes demand for industrial engines. The market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends & market background. As per Persistence Market Research's research scope, the market has been analyzed on the basis of engine, fuel, cooling, operation, end-use industry, and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply side and demand side.

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Bicycle Market to reach a valuation of more than US$ 109 Bn by 2032.

New york, NY -- (ReleaseWire) -- 03/30/2022 -- New York: The global bicycle market is projected to expand at a value CAGR of 5.8% over the forecast period of 2022-2032 to reach a valuation of more than US$ 109 Bn by 2032.

Bicycling is favored by a majority of health-conscious individuals as well as a recreational sport. Bicycles are not only good at combating obesity and digestive issues but are also cost-efficient. These advantages have been recognized by developing economies who have been promoting bicycling on a war footing.

Electric bicycles' growing popularity combined with increase in the number of national and international cycling events is expected to present lucrative prospects to bicycle stakeholders. Electric bicycles will be an appealing segment during the evaluation period of 2022-2032 due to rapidly rising number of conscientious consumers.

Over the coming years, China is likely to be a major contributor to electric bicycle demand and supply. Majority of major bicycle manufacturers are focusing on new model launches, particularly electric and mountain bicycles.

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Key Takeaways from Market Study
- At a CAGR of 8.4%, electric bicycles is estimated to be the fastest-growing segment under bicycle type from 2022 to 2032.
- Conventional bicycles are expected to hold the highest share of 73.1% under the technology segment in terms of value in 2022.
- By price, mid-range bicycles are predicted to enjoy a market share of nearly 41% by 2032.
- By end user, men are projected to be major consumers with a market share of more than 45% in 2022.
- By region, East is predicted to hold the highest share in the global market accounting for more than 39% by 2032.
- China is projected to register the highest absolute $ opportunity of more than US$ 14 Bn from 2022 to 2032.

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"The pandemic has sparked a surge in bicycle sales and worked as a political impetus for cycling initiatives, effectively changing the bicycle market's growth curve" says a Persistence Market Research analyst.
Market Landscape

The global bicycle market is highly fragmented, with numerous international and regional companies. Key firms such as Trek Bicycle Corporation, Accell Group, and Giant Manufacturing Co. Ltd. dominate the market. The biggest players in this sector are diversifying into the production of e-bikes, thereby expanding their regional footprint. Businesses are also taking advantage of improved online distribution channels.
Some of the key bicycle manufacturers included in the report are Giant Bicycles Inc., Atlas Cycles Ltd, Derby Cycle Holding GmbH, Trek Bicycle Corporation, Avon Cycles Ltd., Zhonglu Co., Ltd, Accell Group N.V., Tube Investments of India Limited, Dorel Industries Inc., Merida Industry Co., Ltd, Tandem Group plc, Samchuly

Bicycle Co., Ltd, F.I.V.E. Bianchi S.p.A, Specialized Bicycle Components, Hamilton Industries Pvt. Ltd, Tianjin FUJITA Group Co. Ltd, Ming Cycle Industrial Co. Ltd, Tianjin Flying Pigeon Cycle Manufacture Co., Ltd, Koninklijke Gazelle N.V., Tern, Kona USA, Inc., Scott Sports SA, Redline Bicycle, Yadea Group Holdings, and Pt. Insera Sena.

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Conclusion

Bicycles are becoming more popular around the world as people become more concerned about the environment and want to stay fit. Cycling is increasingly becoming a leisure and recreational activity. This is also contributing to the global bicycle market's rapid expansion.

Other factors impacting market growth include increase in bike sharing and rentals, development of e-bikes, and growth of bicycle tourism. Bicycle manufacturers are also attempting to include new features to improve user experience. Bicycles are also getting new safety measures to help prevent accidents and theft.

Want to Know More?
Persistence Market Research, a research and consulting firm, has published a revised market research report on the bicycle market that contains global industry analysis of 2013–2021 and opportunity assessment for 2022–2032.

The report provides in-depth analysis of the market through different segments, namely, product type, technology, price, end user, and region.

Related Reports:
o Bicycle And Components Market
o Smart Bicycle Accessories Market
o Bicycle Gearbox Market

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At a CAGR of 8%, adaptive cruise control is projected to be the fastest-growing segment under system type from 2021 to 2031.

New York, NY -- (ReleaseWire) -- 02/22/2022 -- New York: The global ADAS aftermarket is projected to expand at a value CAGR of 9% over the forecast period of 2021-2031 to reach a valuation of US$ 2.28 Bn.

Advanced Driver Assistance Systems (ADAS) are groups of electronics technologies that assist drivers in driving and parking functions. Through a safe human-machine interface, an ADAS increases car and road safety. ADAS use automated technology such as sensors and cameras to detect nearby obstacles or driver errors and respond accordingly.

Increasing demand for safety sensors, such as seat belt tension, impact sensors, anti-theft, parking sensors, etc., is expected to create significant opportunities for ADAS manufacturers, contributing significantly to the growth of the advanced driver assistance systems market over the coming years.

Key Takeaways from Market Study
- At a CAGR of 8%, adaptive cruise control is projected to be the fastest-growing segment under system type from 2021 to 2031.
- Park assist systems are expected to hold the highest share of 20% under the system type segment in terms of volume.
- By technology, radar sensors are projected to enjoy a market share of more than 27% by 2031.
- By vehicle type, passenger cars are projected to be the segment leader with a market share of more than 64%.
- By region, Europe is projected to hold the highest share in the global market accounting for more than 34%.
- The U.S. is projected to register the highest absolute $ opportunity of more than US$ 312 Mn from 2021 to 2031.
- By sales channel, OES are anticipated to lead with more than 84% share of the market.

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"Increasing active safety features in vehicles are expected to be key drivers for the development of the automotive sector, which is anticipated to drive demand for ADAS in the aftermarket," says a Persistence Market Research analyst.

Market Landscape Identified to Be Fairly Competitive
On a regional, national, and global basis, the worldwide automotive parts aftermarket is highly competitive and fragmented.

Some of the key ADAS manufacturers included in the report are Robert Bosch GmbH, Continental AG, ZF Friedrichshafen AG, Denso Corp., Aptiv plc, Valeo SA, Magna International Inc., Veoneer Inc., Aisin Corporation, Hitachi Astemo, Ltd., Nidec Corporation, Infineon Technologies AG, Ficosa Internacional SA, Hella KGaA Hueck & Co., Pacific Industrial Co., Ltd., and Mobileye,

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Conclusion

The ADAS aftermarket is characterized by the presence of major players from North America, Europe, and East Asia. Demand for passenger cars and commercial vehicles equipped with advanced safety features are increasing around the globe, which is expected to propel demand for technologically advanced products over the decade.

Technological developments along with collaborations and mergers and acquisitions by key market participants are expected to fuel the ADAS aftermarket space.

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Want to Know More?
Persistence Market Research, a research and consulting firm, has published a revised market research report on the ADAS aftermarket that contains global industry analysis of 2016–2020 and opportunity assessment for 2021–2031.

The report provides in-depth analysis of the market through different segments, namely, system type, technology, sales channel, vehicle type, and region.

Related Reports:
o Wiper Motor Aftermarket Market
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o Automotive Parts Aftermarket

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The market in the India is projected expand at a CAGR around 4% through 2021-2031. The U.S. holds a big portion of global revenue, and accounts for more than 87% share in the North America market.

New York, NY -- (ReleaseWire) -- 02/22/2022 -- New York: Active pharmaceutical ingredients are drugs used for chronic diseases such as neuropathic pain, pulmonary diseases, cancer, diabetes, and heart diseases. However, these ingredients have both, benefits as well as adverse effects.

Pharma companies have focused on modernizing their manufacturing methods to improve overall product quality. This also means automation in process development, something that was previously done manually. Installing equipment with large capacities in terms of volume also enables greater production yield.

According to the revised report published by Persistence Market Research, the global active pharmaceutical ingredient market valued at around US$ 180 Bn in 2020, and is predicted to expand at a CAGR of more than 4% over the forecast period (2021–2031).

Key Takeaways from Market Study

- Small molecule active pharmaceutical ingredients are expected to contribute more than 91% revenue share in the market by 2031, owing to their wide availability and potency to relieve moderate to severe pain, usually after a surgery or traumatic injury.
- Non-controlled substances are expected to account for more than half of the global market share.
- Among all the end users, pharmaceutical companies accounted for more market share than others.
- East Asia holds the highest share in the global active pharmaceutical ingredient market, owing to the presence of more CMOs, high healthcare expenditure, and growing research & development efforts in the region.
- Key players are focused on strengthening their clinical pipelines with new discoveries of novel abuse-deterrent formulations.
- The market in the India is projected expand at a CAGR around 4% through 2021-2031. The U.S. holds a big portion of global revenue, and accounts for more than 87% share in the North America market.

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"Strong growth in demand is being witnessed for small molecules, owing to their potency, efficacy, and safety," says an analyst of Persistence Market Research.

Increasing Healthcare Spending on Active Pharmaceutical Ingredients

Global healthcare spending increased at a CAGR of 6.92% from 2003 to 2013. This growth in healthcare spending significantly outpaced the growth rate of population in this period, which grew at a CAGR of 1.22%. Consequently, per capita healthcare spending increased from US$ 597 in 2003 to US$ 1,032 in 2013, increasing at a CAGR of 5.62%.

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Rise in healthcare spending across all regions has increased access to quality healthcare, and is expected to continue to drive demand for pharmaceutical products.

- On 25 March 2019, TUL secured its position in the 2018 China TOP 10 Member Enterprises of APIs. The position was awarded to TUL for its excellent exporting and importing profile of API, pharmaceutical formulations, and Chinese medicines in 2018.

- In 2016, Novartis' Sandoz discontinued operations at its Maharashtra, India site, as part of global plans to optimize manufacturing. The site, located in west-central India, employed 170 people and manufactured antibiotics and APIs.

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What Does the Report Cover?
Persistence Market Research offers a unique perspective and actionable insights on the active pharmaceutical ingredient market in its latest study, presenting historical demand assessment of 2016 – 2020 and projections for 2021 – 2031. The research study is based on API (small molecules, peptides & oligonucleotides, carbohydrate drugs, and steroidal drugs) and end user (contract manufacturing organizations (CMOs), pharmaceutical companies, contract development manufacturing organizations (CDMOs), and compounding pharmacies), across seven key regions of the world.

Browse End-to-end Market: Healthcare

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