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Medium Voltage Switchgear Market to Set Phenomenal Growth by 2025
Attributable to the nearness of worldwide and provincial merchants, this market is divided. They sellers in the market are contending based particle the cost, item offering and dispatch of new item in the market. The expansive firms in the market are having significant offer because of variables, for example, item plan, quality, turnaround time, administrations offered, highlights of the item, and upkeep of client connections. Major organizations in the worldwide medium voltage switchgear market incorporate General Electric, Schneider Electric SE, ABB, and Siemens AG. The medium voltage switchgear market is probably going to give a strong chance for upcoming firms in the coming a very long time because of the quickly developing interest for charge in creating nations. Notwithstanding, settled players are probably going to hold a solid predominance in the worldwide medium voltage switchgear market in a few years.
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Asia Pacific to be a Dominant Region in Medium Voltage Switchgear Market
Based on a report by Transparency Market Research, the worldwide medium voltage switchgear market is relied upon to show a powerful CAGR of 8.7% within the forecast period from 2017 to 2025. This market was evaluated to be worth US$ 22.5 bn in year 2017 and is foreseen to ascend to a value over US$ 44 bn by the end of 2025. Asia Pacific dominated the worldwide medium voltage switchgear market in year 2016 as far as both revenue and volume demand, and is required to keep up its soaring situation in the coming years too. The 6kV – 15kV switchgear section held the biggest market share as far as revenue is concerned. Then again, the 3kV – 5kV switchgear section is relied upon to show the most encouraging development rate amid the conjecture time frame regarding both revenue and volume.
The medium voltage switchgear market is subject to the worldwide development in reception of electrical energy division gadgets in a region and is hence determined fundamentally by the growing interest for electrification activities in developing nations. The predominance of Asia Pacific in the worldwide medium voltage switchgear market is based mainly on the immense interest for new electrification assignments in developing nations where development of urban foundation has turned into a best need as of late. The developing spotlight of a few governments on provincial charge is additionally liable to profit the medium voltage switchgear market in the upcoming times.
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Rise in Government Activities to Propel Global Medium Voltage Switchgear Market
The developing selection of smart grid advancement crosswise is an imperative factor for the worldwide medium voltage switchgear market. Smart grid establishments require exact control over different parts of the power circulation framework, making medium voltage switchgear to augment the range of the innovation. The expanding government activities for embracing smart grid innovation in several regions are consequently prone to show in expanded demand for the medium voltage switchgear market. As the computerization of process is blasting over every one of the businesses, the worldwide switchgear market is seeing the enormous development openings.
Research investigation on the worldwide medium voltage switchgear market recognizes that establishment of new present day transformers will be one of the central point that will positively affect the development of the market. The developing transmission and distribution foundations to take care of the expanding demand for control. Switchgears and transformers frame a basic piece of the transmission and distribution, this will help being developed of brilliant networks, modernization of existing transformers which will in this manner drive the interest for medium voltage switchgears.
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Low Voltage Drives Market Size will Observe Lucrative Surge by the End 2022
The demand within the global low voltage drives market is set to escalate in the years to follow. The use of these drives across a variety of electronic applications has played an integral role in market growth. The need for managing AC and DC voltages has shifted the focus towards power-management technologies. AC grids need to be monitored and managed, and low voltage drives play an integral role in accomplishing this. Electric power companies use low voltage drives for the purpose of research and development. The electronics and electric industry has undergone key developments in recent times, and this is centrum of growth in the market. Transparency Market Research (TMR) assesses the global low voltage drives market to expand at a CAGR of 5.6% over the period between 2017 and 2022. The total volume of revenues within the low voltage drives market is also slated to increase in the years to follow. To obtain all-inclusive information on forecast analysis of Global Market , request a PDF brochure here. Need for Efficiency across Low-Voltage Applications The overall power conversion efficiency in IGBT can be managed with the help of low voltage drives. Other key applications of low voltage drives pertaining to the electronics industry are also a sound indicator of market growth. The noise smoothening feature endowed by these drives has also garnered the attention of the masses. It is safe to assert that the global low voltage drives market would gather voluminous revenues in the years to follow. A wide range of applications for low voltage drives are restricted to voltage-management applications. This factor, coupled with the presence of a pragmatic research fraternity, has generated fresh perspectives within the global market. Advancements in Electronic Manufacturing For More Information:https://www.transparencymarketresearch.com/casestudies/chemicals-and-materials-case-study The electronics industry is treading along a lucrative pathway, and has been quick to endorse new technologies. The utility of low voltage drives in the electronics industry is incontestable, and this factor has generated fresh avenues for market growth. Moreover, the resilience of the market vendors in adhering to the practices followed in the electronics industry has also generated fresh revenues. The use of trademarks to provide a seal of credibility to low voltage drives, and other similar devices, has generated tremendous demand within the global low voltage drives market. Siemens has been at the forefront of advancement within the global low voltage drives market. The company recently launched predictive services that use Drive Systems, under its local service agreement. The company has made rapid strides of growth in the electronic industry, and has emerged as a key player in the low voltage drives market. The use of unique drive systems to accomplish its predictive service project shall be a launch pad for the growth of the global low voltage drives market. REQUEST FOR COVID19 IMPACT ANALYSIS –https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=30848
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PV Micro Inverters Market Foreseen to Grow Exponentially by 2023
The intense rivalry between leading players characterizes the competitive landscape of the global photo voltaic (PV) micro inverters market. Enphase Energy Inc., Sungrow Power Supply Co. Ltd., General Electric, Darfon Electronics Corp., ABB Ltd., and SunPower Corp. are the key manufacturers of PV micro inverters, globally. Technological advancements are the main point of strife among these players, finds a new research report by Transparency Market Research (TMR). They are also actively involved in launching novel and advanced products to make their business more visible.Going forward, the competition in the global PV micro inverters market is likely to intensify further. To cut this competition, key companies may begin engaging in strategic alliances with startups and smaller firms in the near future. They are also expected to consider expanding their bases in emerging regions with ample untapped potential, reports the study.REQUEST FOR COVID19 IMPACT ANALYSIS –https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=2863Need for Off-grid Electricity to Boost PV Micro Inverters’ DemandAccording to TMR, the global PV micro inverters market is foretold to rise from US$489.1 mn in 2017 to US$990.3 mn by 2022. During this period, the comprehensive average growth rate is pegged at 15.20%. The increasing need for off-grid electricity is driving the demand for these inverters across the world. The rising reports of accidents caused by electricity have fueled the need for modern and safer energy resources, including off-grid electricity. The augmenting awareness pertaining to the efficacy of PV micro inverters and the advantages of MLPE technology is also adding to the growth of this market significantly.Over the coming years, the surge in governmental support, in terms of new initiative and funding, to encourage the use of sustainable energy, such as feed in tariff and net metering, is projected to boost the installation of these inverters. Apart from this, the rising preference for integrated products and the upswing in the demand for AC Modules are also expected to propel the global PV micro inverters market in the near future, states the research report.Request For Brochure:https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=30797North America to Remain Seated on TopIn terms of the geography, the worldwide PV micro inverters market is classified into the Middle East and Africa, Europe, Asia Pacific excluding Japan, Japan, Latin America, and North America. North America has been the most prominent contributor to the global market over last few years. Researchers believe it will continue to be on the top during the forecast period, progressing at a CAGR of 15%. The presence of advanced infrastructure and continual development in it is the main factor that has been boosting the North America PV micro inverters market. Many of the leading PV micro inverter manufacturers are headquartered in this region, which is another important factor behind its substantial growth.Another significant PV micro inverters market is in Europe. Thanks to the rising awareness among consumers regarding the benefits of PV micro inverters, this regional market is projected to retain its longstanding position, globally, in the years to come. However, the most promising opportunities will come from Asia Pacific excluding Japan. This regional PV micro inverters market is anticipated to register a faster than others CAGR at 15.40% during the period of the forecast. The availability of reasonably-priced PV micro inverters has fueled their deployment in this region. China, especially, boasts of the most prominent contribution, in terms of consumption, notes the market study.For More Information About Market: https://www.transparencymarketresearch.com/casestudies/chemicals-and-materials-case-study
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Generator Market Foreseen to Grow Exponentially by 2022
The wide use of agricultural films for greenhouses is a key growth driver of agricultural films market, says Transparency Market Research (TMR) in one of its research reports. In terms of numbers, application-wise, greenhouse and mulching jointly accounted for 75% of revenue of overall agricultural films market in 2017. In the coming years, however, revenue share of greenhouse is expected to expand, adds the report.
In agricultural practices, use of mulching, greenhouse, and silage bags enables production to increase from 20 -35%. Such notable rise in crop production due to balance of climate and soil concentration attained by agricultural films accounts for their uptick in demand.
Population explosion in several parts of the world has necessitated increased agricultural output. Year-on-year use of arable land for agricultural crop has affected nutrient content of soil of the same. To address this, innovative agricultural techniques are increasingly used complementing conventional agricultural techniques for increased yield.
Agricultural films play a role here. Agricultural films used on arable land reduces soil erosion as well as prevents soil erosion. On the other hand, agricultural films used on produce and fodder prevents spoilage by preventing microbial action. Besides this, agricultural films for soil helps raise temperature of the soil, thereby aiding plant growth.
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Collectively, these benefits of agricultural films aid increased food production with minimal escalation of expenditure. This fuels growth of agricultural films market.
By product, agricultural films are of few types. Of them, linear low-density polyethylene (LLDPE) witness maximum demand. LLDPE agricultural films possess higher tensile strength and puncture resistance than other products. In 2017, LLDPE product segment held more than 60% share of the global agricultural films market.
Complementing Traditional Agriculture with Newer Techniques underscores demand in India
The global agricultural films market comprises five key regions, namely North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Among them, Asia Pacific is expected to display stellar growth in the agricultural films market.
In the region, exploding population in India and China is necessitating uptake of modern agricultural practices to increase crop yield. High dependency of agriculture on seasonal rains in several parts of the country necessitates techniques to best utilize seasonal rains. This includes use of agricultural films to prevent runoff of rain water.
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Subsidies and Discounts spur demand to ramp up Exports
Expansion of variety of agricultural produce also requires controlled environment for desired crop yield. Increasing production of exotic varieties of fruits and vegetables in India, which are native to Western countries requires optimum nutrient and water concentration on the soil. This requires use of agricultural films.
Discounts and subsidies offered by the government to encourage use of modern agricultural practices is leading to increasing uptake of the same in India. Such modern agricultural practices are now commonly employed among horticulturists who are engaged in producing exotic varieties of export-quality flowers.
Meanwhile, North America and Europe are mature markets for agricultural films due to their long use in agriculture. However, newer trends of rooftop farming in urban areas is leading to resurface in demand of agricultural films. Urban areas require optimum concentration of soil and ambient temperature, which are naturally not available for crop production.
Regions of Latin America and the Middle East and Africa are likely to display continued sluggish demand for agricultural films over the forecast period. Low farming activities and vast expanse of infertile land in these regions are reasons for low intensity of agricultural practices. Thus, lackluster demand for agricultural films.
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Agricultural Film Market to Register Substantial Expansion by 2026
The wide use of agricultural films for greenhouses is a key growth driver of agricultural films market, says Transparency Market Research (TMR) in one of its research reports. In terms of numbers, application-wise, greenhouse and mulching jointly accounted for 75% of revenue of overall agricultural films market in 2017. In the coming years, however, revenue share of greenhouse is expected to expand, adds the report.
In agricultural practices, use of mulching, greenhouse, and silage bags enables production to increase from 20 -35%. Such notable rise in crop production due to balance of climate and soil concentration attained by agricultural films accounts for their uptick in demand.
Population explosion in several parts of the world has necessitated increased agricultural output. Year-on-year use of arable land for agricultural crop has affected nutrient content of soil of the same. To address this, innovative agricultural techniques are increasingly used complementing conventional agricultural techniques for increased yield.
Agricultural films play a role here. Agricultural films used on arable land reduces soil erosion as well as prevents soil erosion. On the other hand, agricultural films used on produce and fodder prevents spoilage by preventing microbial action. Besides this, agricultural films for soil helps raise temperature of the soil, thereby aiding plant growth.
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Collectively, these benefits of agricultural films aid increased food production with minimal escalation of expenditure. This fuels growth of agricultural films market.
By product, agricultural films are of few types. Of them, linear low-density polyethylene (LLDPE) witness maximum demand. LLDPE agricultural films possess higher tensile strength and puncture resistance than other products. In 2017, LLDPE product segment held more than 60% share of the global agricultural films market.
Complementing Traditional Agriculture with Newer Techniques underscores demand in India
The global agricultural films market comprises five key regions, namely North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Among them, Asia Pacific is expected to display stellar growth in the agricultural films market.
In the region, exploding population in India and China is necessitating uptake of modern agricultural practices to increase crop yield. High dependency of agriculture on seasonal rains in several parts of the country necessitates techniques to best utilize seasonal rains. This includes use of agricultural films to prevent runoff of rain water.
Subsidies and Discounts spur demand to ramp up Exports
Expansion of variety of agricultural produce also requires controlled environment for desired crop yield. Increasing production of exotic varieties of fruits and vegetables in India, which are native to Western countries requires optimum nutrient and water concentration on the soil. This requires use of agricultural films.
Discounts and subsidies offered by the government to encourage use of modern agricultural practices is leading to increasing uptake of the same in India. Such modern agricultural practices are now commonly employed among horticulturists who are engaged in producing exotic varieties of export-quality flowers.
To obtain all-inclusive information on forecast analysis of Global Market , request a PDF brochure here.
Meanwhile, North America and Europe are mature markets for agricultural films due to their long use in agriculture. However, newer trends of rooftop farming in urban areas is leading to resurface in demand of agricultural films. Urban areas require optimum concentration of soil and ambient temperature, which are naturally not available for crop production.
Regions of Latin America and the Middle East and Africa are likely to display continued sluggish demand for agricultural films over the forecast period. Low farming activities and vast expanse of infertile land in these regions are reasons for low intensity of agricultural practices. Thus, lackluster demand for agricultural films.
The review presented here is based on the findings of the TMR report, titled “Agricultural Films Market (Product – Low Density Polyethylene (LDPE), Linear Low Density Polyethylene (LLDPE), High Density Polyethylene (HDPE), Ethylene Vinyl Acetate/Ethylene Butyl Acrylate (EVA/EBA), Reclaims, Other Films; Application – Greenhouse, Mulching, Silage) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026.”
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Hot Melt Adhesives Market is Expected to Expand at an Impressive Rate by 2027
In terms of revenue, the global hot melt adhesives market is projected to expand at a CAGR of 8.7% from 2018 to 2026, according to a new research report titled ‘Hot Melt Adhesives Market – Global Industry Analysis, Value, Share, Growth, Trends, and Forecast, 2018–2026’ published by Transparency Market Research (TMR) In terms of value, the global hot melt adhesives market is expected to reach US$ 8642.2 Mn by 2026. The market is driven by the rise in demand for hot melt adhesives in packaging and non-woven/ hygiene products. The hot melt adhesives market in Asia Pacific is estimated to expand at a CAGR of 9.2% during the forecast period, owing to the rapid increase in demand for packaging in food and e-commerce sectors in the region. Based on product, the ethylene vinyl acetate segment held major share of the global hot melt adhesives market in 2017. However, the polyurethanes segment is expected to expand significantly from 2018 to 2026.
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Rise in Demand for Ethylene Vinyl Acetate and Polyurethanes to Boost Market
Based on product, the ethylene vinyl acetate segment accounted for major share of the hot melt adhesives market in terms of value and volume in 2017. This can be ascribed to the low prices of ethylene vinyl acetate hot melt adhesives and ease of manufacture. These hot melt adhesives possess better performance properties in terms of crack resistance, resilience, toughness, UV resistance, and light stability. This enables packaging manufacturing lines to maintain high speed owing to short open and setting times of ethylene vinyl acetate hot melt adhesives. Thus, the cost-effectiveness of ethylene vinyl acetate is projected to drive the hot melt adhesives market during the forecast period. Polyurethanes are employed in a wide range of applications due to their excellent performance properties such as high bond strength than water-based and other types of hot melt adhesives. The growth of the polyurethanes segment is driven by the rise in demand for these adhesives in construction, furniture and product assembly applications.
Technical Limitations in High Temperature Applications and Presence of Potential Substitutes to Restrain Market
Hot melt adhesives are thermoplastic compounds. Thus, they melt flow or creep when exposed to surrounding temperature that is near to their flow point. Technical limitations of hot melt adhesives such as smaller temperature range to which they can be exposed than water-based and solvent-based adhesives are anticipated to hamper the market in the near future.
Tank-free Hot Melt System Offers Key Opportunities
Traditional hot melt system has limitations in the structure of tanks. Substantial amount of time is required for heating the material in the tank. Furthermore, it generates adhesive char. Operators are also exposed to hot adhesives. Tank free systems can employ vacuum feed to draw adhesive pellets into specially designed heating chambers. Pellets are melt-on-demand and dispense quickly without overheating. The elimination of heated tanks significantly improves the performance of hot melt equipment. Tank-free hot melt system is estimated to be an efficient and high performance adhesion system that can drive the hot melt adhesives market in the near future.
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Asia Pacific Accounts for Major Share in Terms of Volume and Value
Asia Pacific was the major region of the global hot melt adhesives market, accounting for more than 40% share in terms of volume and value in 2017. Growth in industrialization is fueling the demand for hot melt adhesives in various end-use industries, such as packaging, electronics, construction, and automotive, in the emerging economies of Asia Pacific. China is a key exporter of hot melt adhesives in the global market. The country has experienced exponential growth in e-commerce since the last two years. This has boosted the demand for packaging, thereby fueling the demand for hot melt adhesives in packaging applications. Furthermore, advancements in the health care industry and improvements in lifestyle in emerging economies such as China and India are likely to augment the demand for hot melt adhesives in non-woven/hygiene products. Rise in infrastructure activities, increase in focus on trade activities, and growth in awareness about hygiene products are anticipated to propel the demand for hot melt adhesives in India during the forecast period.
Global Hot Melt Adhesives Market is Primarily Consolidated
The report comprises profiles of major companies operating in the global hot melt adhesives market. Around 70% of the global hot melt adhesives market is consolidated, while the rest is fragmented with the presence of a few small players. Key players include H.B. Fuller Company, Henkel AG & Company KGaA, Arkema, 3M, Sika AG, Jowat SE, TEX YEAR INDUSTRIES INC., Hexcel Corporation, Dowdupont, Beardow Adams, HEARTLAND ADHESIVES LLC, REXtac, LLC, Toyobo Co., Ltd, Akzo Nobel N.V., and Exxon Mobil Corporation. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. The report also comprises a matrix of comparison between the top four players operating in the global hot melt adhesives market along with analysis of their key strengths for 2017.
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Ink Solvents Market to Witness Widespread Expansion by 2026
The global ink solvents market was valued at US$ 692.3 Mn in 2017 and is projected to expand at a CAGR of 5.3% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled ‘Ink Solvents Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.’ Growth of the packaging printing industry is expected to augment the demand for ink solvents between 2018 and 2026. Expansion in the printing inks industry and rapid urbanization in developing countries are estimated to boost the global ink solvents market from 2018 to 2026.
Growth in Printing Inks Industry to Drive Global Market
Significant growth in the printing industry in developing economies and rise in use of sustainable inks are driving the demand for ink solvents. The packaging industry in Europe and North America has expanded at a rapid pace in the last few years. This trend is projected to continue during the forecast period. Rapid digitization and increase in adoption of printing inks in the packaging sector are augmenting the ink solvents market. Furthermore, rise in demand for durable, versatile, and fast drying inks for commercial printing, publications, packaging, corrugated cardboards, and consumer specific printing needs is likely to fuel the ink solvents market during the forecast period. Need for high quality and environmentally-friendly inks in the printing industry is also estimated to propel the ink solvents market in the near future.
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Bio-based Segment to Expand Significantly
The global ink solvents market has been segmented based on solvent type, type, process, and region. In terms of type, the bio-based segment held major share of the global market in 2017 owing to the high demand for low emission and cost-effective inks from various packaging and textile manufacturers. Furthermore, implementation of stringent governmental regulations pertaining to protection of the environment is boosting the demand for bio-based inks. Rise in demand for low VOC emitting inks from various end-use industries such as packaging and textile is also fueling the bio-based segment.
Ink solvents possess numerous features and functionalities that make them suitable for specialized printing needs. For instance, these solvents are used to print on rigid surfaces and polyethylene billboards. They can also be employed on metals, glass, ceramics, textiles, and other substrates. Quick drying and high ink saturation features of ink solvents boost their requirement in niche applications. This, in turn, is anticipated to drive the ink solvents market during the forecast period.
Flexography is Highly Promising End-user Segment
Based on process, the flexography segment is projected to hold major share of the global ink solvents market during the forecast period. Flexographic printing is widely used for printing plastics, metallic films, cellophane, and other smooth substrates that are required in various types of packaging. It is also well suited for wide format printing and high quality printing format. Adoption of flexographic printing is increasing in food packaging applications. Significant growth in advertising media and textile printing applications is projected to create opportunities for players operating in the flexography process. Furthermore, high demand for ink solvent solutions in the flexographic printing inks market is anticipated to propel the ink solvents market in the next few years.
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Asia Pacific Market to Expand Significantly
The ink solvents market in Asia Pacific is likely to expand at a significant pace during the forecast period. Rise in consumption of flexography printing inks in developing economies such as India, China, Vietnam, and Indonesia is expected to create lucrative opportunities for manufacturers of ink solvents in the next few years owing to rapid urbanization, growth in population, expansion of the packaging industry, and rise in the number of textile and advertising applications. Additionally, increase in digitization in mature countries such as the U.S., Canada, and Germany is estimated to create immense opportunities for the solvent inks market. This is anticipated to drive the demand for ink solvents in North America and Europe in the near future.
Key Players to Continue to Lead Global Market
The report provides profiles of leading players operating in the global ink solvents market such as LyondellBasell Industries Holdings B.V., DowDuPont Inc., Exxon Mobil Corporation, Royal Dutch Shell plc, Eastman Chemical Company, CELANESE CORPORATION, INEOS AG, Vertec Biosolvents, Sasol Limited Group, and Yip’s Chemical Holdings Limited. Several companies are expanding their product portfolio by improving existing products and developing bio-based products. They strategically enter into long-term agreements with printing contractors to increase their market share.
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Tire Derived Fuel Market Set for Rapid Growth and Trend, by 2027
Tire Derived Fuel Market to Witness an Outstanding Growth by 2026
The global tire derived fuel market is expected to witness a steady but slow growth in the near future. The market is expected to ride a wave of hope and optimism as instability in fuel producing continue to experience instability, driving higher prices. The global tire derived fuel market is also witnessing brighter prospects, thanks to growing demand for energy efficiency and conventional fuel usage. Some key players in the global tire derived fuel market are Liberty Tire Recycling, Ragn-Sells Group, Lakin Tire West Inc., ResourceCo Pty Ltd., Emanuel Tire, Renelux Cyprus Ltd.
The tire derived fuel or TDF is a product of various kinds of scrap tire material. Such scrap usually includes uniforms pieces of junk tires which meet the expectation of end-industries. These can be in the form of pulp, cement kilns, paper mills, and electric utilities. These tires help end-use industries lower costs, improve boiler efficiency, and reduce air emissions. According to recent estimates by the Environmental Protection Agency, or the EPA, the TDF raises equivalent amount of output to oil. It also produces nearly 20% to 50% more energy as compared coal. Moreover, it can double the output of energy produced from wood.
The global tire derived fuel market evaluation stood at US$342.4 mn in 2017. The market is expected to clock a steady CAGR of 2.9% during 2018-2026. Among various end-use applications in the market, the cement manufacturing is expected to register the highest demand during the forecast period. Currently, cement manufacturing companies consume as much as over 300,000 tons of coal per facility per year. The raw produce in the tire derived fuel market is expected to supplement this consumption in the near future. Among various regions, Asia Pacific is expected to lead demand for TDF in the near future. In Asia, Japan accounted for over 30% market share, while producing over 1 million scrap tyres in 2017. The growing demand in the region and increasing environmental regulations are major positives for the tire derived fuel market in the near future.
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Environmental Concerns to Drive Major Growth
TDF produces considerably low emissions, when produced at a well-controlled facility. Additionally, the fuel reduces dependence on fuels and is reasonably priced for a wide-scale commercial application. Moreover, in 2003, EU regulators mandated companies to find new ways to reduce landfill reserves of scrap tires. The limited capacity of landfills and the environmental pollution caused due to scrap tires are expected to keep the regulators vigilant in the near future. Furthermore, TDF has the same heating value to that of coal, usually around 13,000 to 15,000 BTUs or British Thermal Units. Long fuel residence time and high temperatures are expected to drive considerably higher demand in the tire derived fuel market in the near future.
Low Recovery Rate to Pose a Challenge to Growth
Regions like Asia Pacific are witnessing a major growth in the automobile industry. Growing population, introduction of various automobiles, and rise in disposable income are expected to drive major growth for the industry in the near future. However, the region is also witnesses low-recovery rates of scrap tires, limiting its application. While government regulations are becoming increasingly stringent, these are still not on par with their counterparts in Europe and North America. However, growing awareness about the scrap tyre waste in landfills, and strong demand in the auto industry across developed regions due to trends like automated car are expected to result in significant opportunities in the near future. The tire derived fuel market is expected to witness a growing opportunity, thanks to advanced manufacturing techniques already available in countries like Japan.
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SEISMIC SERVICES MARKET TO WITNESS AN OUTSTANDING GROWTH BY 2028
Seismic Services Market: Overview
The seismic services market may bring good growth opportunities across the forecast period of 2019-2028 with the growing use of seismic technologies for oil exploration activities. Seismic services involve the use of seismic waves to search for oil and natural gas below the Earth’s surface. Technological developments are opening new avenues in the oil and gas industry. This gives rise to the increase in the growth rate of the seismic services market across the globe. Seismic services include data processing, data acquisition, and data interpretation. These services assist the oil companies to identify reservoirs and make critical decisions relating to oil and natural gas fields.
The rising spending on exploration activities is triggering growth for the seismic services market. Marine seismic activities cause harm to marine life. Thus, this factor is attracting criticism from environmental conservationists and environmental bodies. Therefore, this factor can dampen the growth prospects of the seismic services market to a certain extent. Also, some cracks in the growth rate can be noticed due to the threat of COVID-19 but as the governments of various countries announce certain relaxations, a ray of hope for growth is lighting up the seismic services market.
This upcoming report on the seismic services market provides an in-depth analysis of the current market situation. The report covers components like competitive landscape, key players, regional analysis, and ongoing trends. The report also offers thorough research on how the COVID-19 pandemic will impact the seismic services market. The segmental study enables an individual to thoroughly understand the seismic services market.
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Seismic Services Market: Competitive Analysis and Key Developments
Being a highly concentrated market, the seismic services market has a few companies that acquire more than 65 percent of share in the seismic services market. Rising investments in the seismic services market are also influencing the growth rate greatly. Some well-established players in the seismic services market are Halliburton Company, Petroleum Geo Service, CGGVeritas, TGS-NOPEC, and Schlumberger Ltd.
Neptune Energy recently completed the first-ever OBN seismic survey to be conducted in Egypt. This development highlights the penetration of seismic services in new regions
The Government of India’s Environment Ministry recently passed an order to exempt oil and gas firms from getting clearance for exploratory drilling activities involving digging numerous wells and carrying offshore seismic surveys. This would also prove to be a beneficial aspect for the growth of the seismic services market
Shearware Geo Services recently bagged a contract from Apache, an exploration firm, to provide a 4D seismic survey with 3D extension in the North Sea U.K.
Rosgeo and the Ministry of Mines and Hydrocarbons of Equatorial Guinea have signed a contract to carry seismic exploration in Equatorial Guinea
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Seismic Services Market: Key Trends
Government approvals and legislations in favor of oil and natural gas exploration activities are leading to a surge in the growth rate of the seismic services market. Applying seismic services to the oil and gas sector for efficiency in extracting oil and gas from reservoirs is gaining considerable momentum. The offshore segment is garnering much hype in the seismic services market for high-quality data and large numbers when compared to onshore segments. Thus, this aspect can also prove to be a growth generator for the seismic services market.
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Seismic Services Market: Regional Analysis
North America expects to dominate the seismic services market’s regional scenario with numerous untapped resources in the Gulf of Mexico area. Decisions and guidelines from the government that encourage oil and gas exploration activities are bringing considerable growth for the seismic services market. The region is also attracting investments from various foreign companies, eventually leading to a boost in the growth rate of the seismic services market.
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Green Hydrogen Market is Expected to Expand at an Impressive Rate by 2027
Demand for sources of renewable energy is rising across the globe in order to lower carbon emission. Green hydrogen is one of the sources of renewable energy.
Green hydrogen is made from regenerative energy sources through water electrolysis. The water is separated into oxygen and hydrogen in an electrolyzer with the help of electric current and is distinguished from grey hydrogen obtained from fossil fuels (such as natural gas).
The chemical aspect of hydrogen is still underrated. Hydrogen is environment friendly, and can be stored and converted back into electricity or heat whenever required.
Currently, three types of electrolyzer technologies are used: alkaline (ALK) electrolyzer, proton exchange membrane (PEM) electrolyzer, and solid oxide electrolyzer. The proton exchange membrane electrolyzer technology is widely used across the globe.
Hydrogen can be stored and transported in different ways. These include pipelines, tankers, and small storage tanks.
The usage of green hydrogen can help reduce the dependence on fossil fuels and the expense on import of fuel
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Key Drivers of Global Green Hydrogen Market
Demand for green hydrogen has been increasing since the last few years, as it helps lower carbon footprint. It also helps meet the rising demand for power across the globe. Green hydrogen is a renewable source of energy. Thus, adoption of green hydrogen is anticipated to rise in the near future.
Increase in awareness about hydrogen as energy carrier is estimated to boost the global green hydrogen market in the near future
Green Hydrogen Market: Key Development
On May 20, 2020, SGH2 Energy Global LLC, a part of multinational company Solena Group, announced plans to build the world’s largest green hydrogen plant in Lancaster, California, the U.S. The facility would be constructed on a five acre site and use recycled mixed paper waste to produce up to 11,000 kilograms (24,251 pounds) of green hydrogen per day and 3.8 million kilograms annually. The company claimed that its technology lowers carbon emissions by two to three times more than alternative green hydrogen options.
North America to Hold Major Share of Global Green Hydrogen Market
Based on region, the global green hydrogen market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
North America dominated the global green hydrogen market in 2019, owing to growth in investment in the renewable sector in the region
Europe is estimated to account for major share of the global green hydrogen market during the forecast period. The region is investing significantly in the renewable energy sector to meet the Europe 2020 strategy, which includes the target of reaching 20% of gross final energy consumption from renewable sources.
The market in Asia Pacific is estimated to be highly attractive during the forecast period. Demand for power has been rising in the region owing to the growth in population. China, Japan, and India are investing significantly in sources of renewable energy.
The market in Middle East & Africa and Latin America is likely to expand at a moderate pace during the forecast period. Investment in the renewable sector is estimated to rise in these regions in the near future.
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Key Players Operating in Green Hydrogen Market
Major players operating in the global green hydrogen market are:
SGH2 Energy Global LLC
Siemens Gas and Power GmbH & Co. KG
ENGIE
FuelCellsWorks
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Aquaculture Market to Witness Widespread Expansion by 2027
Transparency Market Research (TMR) delivers key insights on the global aquaculture market in its upcoming outlook titled, “Aquaculture Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019-2027”. In terms of value, the global aquaculture market is projected to register a healthy CAGR of 2.3% during the forecast period due to various factors, regarding which TMR offers vital insights in detail.
The farming and harvesting of aquatic species in aquaculture influence the growth and quality of the overall species. Aquaculture promotes the fast growth and hygiene of plants and animals no matter if they are fishes, molluscs, Crustaceans, Seaweeds, Algae, and other micro-organisms which indirectly helps in meeting the rising consumer demand for various types of food and extracted food products. Hence, this one critical factor helps in driving the demand for aquaculture market.
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Owing to the surging demand for aquaculture products, major farmers and harvesters are looking out for solutions, technology and have been looking out for ways on improving their production capacity in order to meet the increasing demand for various types of fish, shellfish, and aquatic plants. As a result, several farmers and harvesters have been using better nutrition and feeding technologies for the better growth of species.
The product type segmentation form a significant raise in the fish prices per year, and are being expected to grow at a significant rate over the forecast period. The overall aquaculture provides farmers and harvesters huge opportunities at the global level as it provides high revenues in the market. The market is also acting as an employment generator across the world. Due to these results, several key organizations and government of the particular region together have been taking necessary steps such as adopting latest technologies, improving rural aquaculture market and solutions to improve the quantity as well as the quality of the species, products and related food. They are also making use of intensively closed farming and harvesting systems for export production to increase the overall export market.
There is an increased demand in the ready to eat, canned and processed fish products in developed and developing countries due to fast paced lifestyle. Also, there is a rise in the global market of fish and related products sold through the retail chain and fast food services as a consequence of increase in the ease and speed of food preparation in the urban area. The farmers and harvesters across the globe have significantly reduced the use of antibiotics and chemicals in the fish farming and feeding.
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This aquaculture market report covers positive factors and trends which are driving every segment and provides global market analysis and understanding of the potential of the overall aquaculture market in the specified regions such as APAC. North America is anticipated to witness heightened growth rates over the forecast period and is also forecasted to stand as one of the largest market throughout 2027. The market attractiveness analysis shows that, European and North American regions are comparatively engaging marketplaces in the aquaculture market.
Also, the company profiles of the key players are included in detail in the aquaculture market report to analyze and understand their strategies, major offerings and key developments.
The aquaculture market major players include Nippon Suisan Kaisha Ltd., Austevoll Seafood ASA, MOWI ASA, SalMar ASA, P/F Bakkafrost Holding, Tassal Group Limited, Cooke Aquaculture Inc., Norway Royal Salmon ASA, Campania Pesquera Camanchaca SA, and Multiexport Foods SA.
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Probiotic Ingredients Market to Set Phenomenal Growth by 2028
A hectic lifestyle, result of longer and more demanding work days and work life, is leading to consumers shift preferences in terms of plugging the dietary gaps. While it is a logical outcome of this lifestyle that more and more people have no time to prepare elaborate meals, packed with nutrition, it is also true that awareness regarding the same is leading to hustle for capsule health.
What this means is that people are looking for easy to eat, smaller portions of food, which are as healthy as it can get. And, thus, it comes as no surprise that there is demand for on-the-go nutrition which players in the probiotic ingredients market are taking head on.
As per a study done by Transparency Market Research study, the global probiotic ingredients is set to chart a decent CAGR (Compound Annual Growth Rate) of over 6% between 2019 and 2027, helping the market reach a worth of USD 7400 mn by the end of the forecast period.
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Gut Health Taking Centre stage; Leading to Growth in Probiotic Ingredients Market
The market will see the stated growth trajectory owing to growing scientific validation and approvals on products related to gut health. Considering that 70% of immune system is managed by the digestive tract, it is critical to maintain the health of this region in order to life a wholesome life. It is also worth noting here that the most commonly used bacteria strains in the market include lactobacilli and bifidobacteria.
It is noteworthy here that this need to maintain good gut health is generating demand for dietary supplements in pharmaceuticals, driving demand for probiotic ingredients.
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Forecast Period to Witness a Consolidated Competitive Landscape of Global Probiotic Ingredients Market
The market landscape is only slightly consolidated but competitive and players collaborate and partner in order to maintain a fair frasp on the market share. Some of the most prominent names in the market landscape include Kerry (Ireland), DowDuPont (US), CHR. Hansen (Denmark), Biogaia (Sweden), Probi (Sweden),Glac Biotech (Taiwan), Bifodan (Denmark), Lallemand (Canada), UAS Laboratories (US), and Biena (US), among others. It is notable that 70% of the market share is held by three companies – CHR Hansen, DowDuPont, Lallemand and Kerry.
Asia Pacific to Show High Growth Numbers of the Forecast Period
Owing to a predisposition for taking supplements, the APAC (Asia Pacific) region is set to chart a high CAGR over the forecast period. Countries that will contribute massively to the growth include China, India, and Japan. The growth is attributable to rising awareness in the region too as far as prevention of disorders relating to lifestyle choices is concerned.
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India CRNO Steel Lamination Market Poised to Expand at a Robust Pace by 2027
India CRNO Steel Lamination Market: Introduction
In terms of value, the CRNO steel lamination market in India is anticipated to expand at a CAGR of ~14% from 2019 to 2027 and surpass the value of ~US$ 1 Bn by 2027. In terms of demand, the south zone led the CRNO steel lamination market in India in 2018. This trend is anticipated to continue during the forecast period. The expansion of the electric vehicles (EV) market is estimated to drive the demand for EV component materials such as electrical steel. Thus, demand for high-quality electrical steels, such as CRNO steel lamination, is projected to be high among automakers who are competing to consolidate their position in the EV market. The Government of India has set ambitious target for electric mobility. It aims to move to 100% electric cars by 2030, indicating a push for the production of EVs and HEVs in the country. The Government has commenced various initiatives to boost the manufacture and usage of electric vehicles, signaling a turning point in its clean energy policy. Such indicators are likely to propel the CRNO steel lamination market in India during the forecast period.
Electrical steel such as CRNO improves efficiency and reduces losses in several applications; however, its magnetic properties are insufficient to meet the complex requirements of precision and efficiency. Nickel-iron alloys are highly innovative and intelligent solutions vis-à-vis electrical steel, and are ideal substitutes for CRNO steel lamination.
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India CRNO Steel Lamination Market: Key Drivers and Opportunities
Automotive manufacturers have been designing vehicles with reduced weight, wherein steel has been a cost-effective, lightweight material of choice over the years. India is expected to become a leader in shared mobility by 2030, providing opportunities for electric and autonomous vehicles. The Government of India plans to offer incentives for manufacturing electric vehicles and batteries in order to boost economic growth and encourage local manufacturing under its ‘Make in India’ initiative. Rise in demand for shared mobility is expected to bolster the demand for CRNO steel lamination in India in the near future. Rise in preference of Cold Rolled Grain-oriented (CRGO) over Cold Rolled Non-oriented (CRNO), owing to significantly lower core loss value of CRGO is likely to hamper the overall demand for CRNO steel lamination to some extent by 2027.
India CRNO Steel Lamination Market: Key Segments
Based on end-use industry, the CRNO steel lamination market in India has been broadly segregated into energy & power, automobile, manufacturing, household appliances, and others. The manufacturing segment is anticipated to dominate the CRNO steel lamination market in India during the forecast period, owing to high demand for CRNO steel-based motor in the manufacturing industry in the country. There is an increase in the number of automakers establishing R&D plants in India. Furthermore, low interest rates, eco-friendly car schemes, and rise in foreign investments are encouraging consumers in the country to opt for electric vehicles or hybrid vehicles. This is estimated to propel the demand for CRNO steel lamination in the automotive industry in India in the near future.
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South Zone and West Zone to be Highly Lucrative
Development of smart cities and increase in urbanization are projected to boost the demand for steel in India over the next decade. This is anticipated to augment the demand for CRNO steel lamination in India during the forecast period. Moreover, significant growth of the automotive industry in states such as Maharashtra, Tamil Nadu, Madhya Pradesh, Karnataka, and Haryana is likely to offer immense opportunities to the CRNO steel lamination market in India during the forecast period.
Competition Landscape in India CRNO Steel Lamination Market
Major players operating in the CRNO steel lamination market in India include Tata Steel Limited, MAGNETIC METAL INDUSTRIES, ThyssenKrupp Electrical Steel India Pvt Ltd., Nomax Electrical Steel Pvt. Ltd., and SAIL. The popularity of electric cars is rising in India with energy stored in rechargeable batteries as well as plug-in electric variety of charging stations. This is expected to boost the demand for CRNO steel lamination in the country. In July 2017, Hyundai launched Kona, its electric car, in India, while Nissan is estimated to launch its Leaf model in the near future. India-based carmakers Mahindra & Mahindra, and Tata Motor also sell electric cars.
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Europe Polyurethane Dispersions Market Estimated to Expand at a Robust CAGR by 2025
India CRNO Steel Lamination Market: Introduction
In terms of value, the CRNO steel lamination market in India is anticipated to expand at a CAGR of ~14% from 2019 to 2027 and surpass the value of ~US$ 1 Bn by 2027. In terms of demand, the south zone led the CRNO steel lamination market in India in 2018. This trend is anticipated to continue during the forecast period. The expansion of the electric vehicles (EV) market is estimated to drive the demand for EV component materials such as electrical steel. Thus, demand for high-quality electrical steels, such as CRNO steel lamination, is projected to be high among automakers who are competing to consolidate their position in the EV market. The Government of India has set ambitious target for electric mobility. It aims to move to 100% electric cars by 2030, indicating a push for the production of EVs and HEVs in the country. The Government has commenced various initiatives to boost the manufacture and usage of electric vehicles, signaling a turning point in its clean energy policy. Such indicators are likely to propel the CRNO steel lamination market in India during the forecast period.
Electrical steel such as CRNO improves efficiency and reduces losses in several applications; however, its magnetic properties are insufficient to meet the complex requirements of precision and efficiency. Nickel-iron alloys are highly innovative and intelligent solutions vis-à-vis electrical steel, and are ideal substitutes for CRNO steel lamination.
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India CRNO Steel Lamination Market: Key Drivers and Opportunities
Automotive manufacturers have been designing vehicles with reduced weight, wherein steel has been a cost-effective, lightweight material of choice over the years. India is expected to become a leader in shared mobility by 2030, providing opportunities for electric and autonomous vehicles. The Government of India plans to offer incentives for manufacturing electric vehicles and batteries in order to boost economic growth and encourage local manufacturing under its ‘Make in India’ initiative. Rise in demand for shared mobility is expected to bolster the demand for CRNO steel lamination in India in the near future. Rise in preference of Cold Rolled Grain-oriented (CRGO) over Cold Rolled Non-oriented (CRNO), owing to significantly lower core loss value of CRGO is likely to hamper the overall demand for CRNO steel lamination to some extent by 2027.
India CRNO Steel Lamination Market: Key Segments
Based on end-use industry, the CRNO steel lamination market in India has been broadly segregated into energy & power, automobile, manufacturing, household appliances, and others. The manufacturing segment is anticipated to dominate the CRNO steel lamination market in India during the forecast period, owing to high demand for CRNO steel-based motor in the manufacturing industry in the country. There is an increase in the number of automakers establishing R&D plants in India. Furthermore, low interest rates, eco-friendly car schemes, and rise in foreign investments are encouraging consumers in the country to opt for electric vehicles or hybrid vehicles. This is estimated to propel the demand for CRNO steel lamination in the automotive industry in India in the near future.
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South Zone and West Zone to be Highly Lucrative
Development of smart cities and increase in urbanization are projected to boost the demand for steel in India over the next decade. This is anticipated to augment the demand for CRNO steel lamination in India during the forecast period. Moreover, significant growth of the automotive industry in states such as Maharashtra, Tamil Nadu, Madhya Pradesh, Karnataka, and Haryana is likely to offer immense opportunities to the CRNO steel lamination market in India during the forecast period.
Competition Landscape in India CRNO Steel Lamination MarketMajor players operating in the CRNO steel lamination market in India include Tata Steel Limited, MAGNETIC METAL INDUSTRIES, ThyssenKrupp Electrical Steel India Pvt Ltd., Nomax Electrical Steel Pvt. Ltd., and SAIL. The popularity of electric cars is rising in India with energy stored in rechargeable batteries as well as plug-in electric variety of charging stations. This is expected to boost the demand for CRNO steel lamination in the country. In July 2017, Hyundai launched Kona, its electric car, in India, while Nissan is estimated to launch its Leaf model in the near future. India-based carmakers Mahindra & Mahindra, and Tata Motor also sell electric cars.
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Amorphous Polyalphaolefin (APAO) for Hot Melt Market to Register Substantial Expansion by 2025
Global Amorphous Polyalphaolefin (APAO) for Hot Melt Market: Key Highlights
Amorphous polyalphaolefin is gaining increased traction in industries as demand for UV resistant, and chemically inert polymer continues to rise across a wide range of spectrum. The growing demand for safety from consumers and industrial applications of polymers rise, the amorphous polyalphaolefin market is expected to register significant growth.
According to Transparency Market Research (TMR), the amorphous polyalphaolefin (APAO) for hot melt market is likely to reach a valuation of US$ 420.9 Mn by 2027. The amorphous polyalphaolefin (APAO) for hot melt market was valued at US$ 244.3 Mn in 2018 and is expected to exhibit a strong CAGR of 6.23% between 2019 and 2027. The report would provide detailed information about the working dynamics of the amorphous polyalphaolefin (APAO) for hot melt market.
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Amorphous polyalphaolefin or APAO as it is commonly known by is a thermoplastic polymer. It is ideal for industry wide use due to its corrosion resistance, resistance to UV rays, and moisture, and chemical inertness. Moreover, qualities like corrosion resistance are essential in manufacturing to improve the quality of finishing products, and its durable consumer use. Moreover, the chemical inertness is ideal for filling it with a wide range of mixes for various different manufacturing requirements. Rising awareness about radiation, and its aftermath are also expected to drive significant demand for its UV protection abilities. This resistance is expected to drive significant growth for the amorphous polyalphaolefin market as UV radiation is a leading cause of cancer, which is largest among all chronic illnesses on the rise. Additionally, growing awareness about the radiation and safekeeping measures by entities like FDA are expected to drive tremendous growth for derivatives of APAO in the near future.
Application in Hot Metal Adhesives
The APAO market is expected to gain significant traction from the automotive, manufacturing, and construction sector in the near future. The rising demand for vehicles despite the high interest rates, recent slowdown in the economy, on-going trade wars, and competition from trends like rent-a-cab is a positive sign for the auto industry. In recent years, the sales of automobiles have slowed. However, according to industry experts these sales have nowhere slowed to their expectations and the market continues to see strong growth despite major setbacks which are expected to remain temporary. The APAO is important for the manufacturing of vehicles as most auto parts including metal bodies are require strong metal adhesives to bind together. The growing demand for anti-corrosion and safety from UV radiation can be major positives for the APAO market in the near future trends on the horizon like smart vehicles, autonomous driving, and ups in the economy are also expected to drive growth for the APAO market in the near future.
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Constraints and Challenges in the APAO Market
The global APAO market is expected to witness significant growth in the near future from the construction industry as well. It is estimated that the global construction sector will add another 15 trillion dollars to the world economy in the next 15 years. This is a major boost for the global economy as well as for the APAO market. This is not surprising as major economies in the world including the US, China, and India are investing large sums in infrastructure developments including ports, manufacturing hubs, metros, among others. This is expected to fuel strong growth for metal adhesives and subsequently for APAO products as well.
Global Amorphous Polyalphaolefin (APAO) for Hot Melt Market Dominated by Few Big Players
In global amorphous polyalphaolefin (APAO) for hot melt market, consolidation in the market remains a challenge as top 5 companies dominate over 60% of market share. It is important for smaller players to step up and invest in innovation as new opportunities continue to rise amidst strong growth. The global market includes prominent players such as Eastman Chemical Company, Huntsman Corporation, H.B. Fuller Company, Henkel AG & Company KGaA (Henkel), Bostik S.A., Evonik Industries AG, REXtac LLC, Evans Adhesive Corporation, Ltd., Liaoyang Liaohua Qida Chemicals Co. Ltd.
Global Amorphous Polyalphaolefin (APAO) for Hot Melt Market – Key Developments
In November 2019, Evonik announced that the company is engaged in research & development work in order to come up with innovative solutions for recycling plastics and rubber. The company told that its additive Vestoplast®, an amorphous polyolefin that is primarily used in hot-melt adhesives, may play an important role in optimizing the recycling of polyethylene, which is processed in large quantities, especially in packaging films. The product can specifically improve the impact strength or flow properties of polyethylene, which may be helpful for reusing recycled plastic, for example in injection molding.
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Povidone Iodine Market to Witness an Outstanding Growth by 2030
Povidone Iodine Market: Introduction
In terms of value, the global povidone iodine market is anticipated to expand at a CAGR of ~5% from 2020 to 2030 and surpass US$ 256.7 Bn by 2030. North America dominated the global povidone iodine market in terms of volume in 2019. It is estimated to be the leading region of the global povidone iodine market during the forecast period. The healthcare sector is projected to offer lucrative opportunities for the povidone iodine market in the near future.
Povidone Iodine Market: Major Drivers and Restraints
A variety of bacteria, fungi, protozoa, and viruses colonizes different surfaces of the oral and oropharyngeal cavities of a human being. According to studies conducted regarding the effects of various mouthwashes on oral healthcare, povidone iodine is recommended as the most effective mouthwash. Rise in awareness about oral health due to public and private campaigns and improvements in lifestyle of consumers, especially in emerging economies, is boosting the need for effective oral healthcare products. This is fueling the povidone iodine market. Povidone Iodine is commonly used as an antiseptic for the skin (e.g., Betadine). It can also be utilized in less concentrated forms for eyes and vagina. Surgeons use it to disinfect the skin prior to surgery. The 10% solution is used most often to disinfect skin, but it is also available in diluted concentrations as low as 0.3%. Increase in demand for antiseptics and disinfectants for various hygiene applications in the healthcare sector is estimated to propel the global povidone iodine market during the forecast period.
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Several players have taken strategic initiatives, such as establishment of new production plants, in order to expand their povidone iodine business, owing to high demand for povidone iodine in various applications. This is also projected to boost the povidone iodine market during the forecast period. For instance, in 2016, BASF SE established a facility to manufacture polyvinylpyrrolidone (PVP) in Shanghai, China. The Shanghai plant has standard production facilities, a high-quality control laboratory, and warehousing capacity. Polyvinylpyrrolidone is added as a raw material for the production of povidone iodine. This move is likely to help the company meet the rising demand for polyvinylpyrrolidone as a raw material in the manufacture of povidone iodine in Asia Pacific. Chlorhexidine alcohol and sodium hypochlorite are close substitutes of povidone iodine. Chlorhexidine alcohol is preferred for long action applications such as catheter insertion, skin preparation for surgery, and hand wash before surgery. Thus, availability of strong substitutes for povidone iodine is projected to restrain the global povidone iodine market during the forecast period.
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Povidone Iodine Market: Prominent Segments
Based on application, the skin sterilization segment constituted significant share of the global povidone iodine market in 2019. This trend is estimated to continue throughout the forecast period. In terms of value, North America held major share of the global povidone iodine market in 2019. This trend is anticipated to continue during the forecast period, due to the rise in awareness about health and growth in disposable income of the people in the U.S. and Canada.
Competition Landscape
Major global manufacturers of povidone iodine include BASF SE, Boai NKY Pharmaceuticals Ltd., NIPPON SHOKUBAI CO., LTD., Medline Industries Inc., and Samrat Pharmachem Limited.
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Balsa Core Materials Market for Structural Composites is Expected to Expand at an Impressive Rate by 2030
Balsa Core Materials Market for Structural Composites: Introduction
In terms of value, the global balsa core materials market for structural composites is anticipated to expand at a CAGR of ~5% from 2020 to 2030. Balsa is used as a core material, owing to its excellent chemical and styrene resistance, as well as neutral behavior. It can be processed with various different resin systems. Furthermore, it offers excellent laminate adhesion properties. End-grain balsa is a structural core with properties that make it ideal for sandwich construction. Additionally, it is compatible with different types of manufacturing processes, from prepreg construction to wet lamination.
Increase in Adoption of Balsa Core Materials in Global Transportation Industry to Market
Transportation is a key sector of an economy. It includes companies such as trucking, airlines, railroads, logistics firms, and shipping, as well as those that provide transportation infrastructure. The use of lightweight materials has helped achieve greater fuel economy. This is the primary factor driving the demand for many lightweight materials and process technologies. The weight reduction factor is appealing for automakers, as it leads to an increase in other performance factors valued by customers. Automakers can achieve reduced weight of new vehicles by switching to lightweight materials such as balsa core materials. These materials offer outstanding strength-to-weight ratio, i.e. high shear and compression strength and high chemical resistance. Furthermore, balsa core materials are organic, sustainable, and renewable resources. The global demand for energy has been rising at a rapid pace since the last decade. Fossil fuel meets 70% of the global consumption of electricity. However, fossil fuel emission continues to worsen climatic change; hence, carbon-free solutions such as solar power, nuclear power, and wind power are gaining prominence for energy generation across the globe.
Power generation from onshore and offshore wind energy has emerged as a promising alternative for various countries to expand their renewable energy portfolios and provide a boost to transform the future of sustainable energy. Balsa core materials are employed in the manufacture of wind blades in the wind power sector. Thus, demand for balsa core materials has been rising in the wind power generation industry.
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Contoured End-grain to be Leading Type in Balsa Core Materials Market for Structural Composites
In terms of type, the contoured end-grain segment is projected to expand at a CAGR of more than 4.5% during the forecast period. This can be ascribed to the increase in transportation and infrastructure development activities as well as rise in consumption of balsa core materials in marine applications. Increase in demand for contoured end-grain balsa core materials to meet the demand from various applications in developed as well as developing countries makes contoured end-grain an attractive segment of the balsa core materials market for structural composites.
Resin Infusion to be Dominant Processing Segment of Balsa Core Materials Market for Structural Composites
Based on processing, the global balsa core materials market for structural composites has been segregated into adhesive bonding, compression molding, prepreg processing, resin injection, vacuum infusion, hand lamination, and others. The resin injection segment is expected to account for major share of the global balsa core materials market for structural composites in the near future. This can be attributed to the increase in demand for resin injection processing in various end-use applications such as wind energy, transportation, and building & construction.
Wind Energy to be Major Application
Based on application, the global balsa core materials market for structural composites has been classified into transportation (automotive, buses, railways, aircraft, and commercial vehicles), building & construction, wind energy (rotor blades, nacelle covers, generator casings/turbine generator housings, spinners, and others), marine, and others. The wind energy segment held prominent share of the global balsa core materials market for structural composites in 2019. High share of the segment can be ascribed to high demand for balsa core materials in the manufacture of turbine blades as well as various other applications such as nacelle covers, generator casings/turbine generator housings, and spinners.
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Asia Pacific to be Lucrative Region of Balsa Core Materials Market for Structural Composites
In terms of consumption, Asia Pacific dominated the global balsa core materials market for structural composites in 2019. The balsa core materials market for structural composites in the region is likely to expand at a rapid pace from 2020 to 2030. In terms of value and volume, the balsa core materials market for structural composites in Asia Pacific is anticipated to expand in the near future, due to consistent demand for high-performance, high-strength, and lightweight materials in automotive, aerospace, and marine applications in the region. Europe is another major consumer of balsa core material for structural composites. It accounts for a vital share, in terms of consumption, across the globe. Presence of established balsa-based product manufacturers in Germany, Italy, the U.K., and France is driving the demand for balsa core materials in Europe.
Competition Landscape
The global balsa core materials market for structural composites is highly consolidated. Leading players such as 3A Composites Core Materials, Carbon-Core Corporation, Gurit Holding AG, and CoreLite, Inc. cumulatively held more than 85% share of the global balsa core materials market for structural composites in 2019. Key manufacturers operating in the global balsa core materials market for structural composites include 3A Composites Core Materials, Carbon-Core Corporation, Gurit Holding AG, CoreLite, Inc., Nord Compensati SRL, Diab Group, I-Core Composites, LLC, Sicomin Epoxy Systems, Adhesive Technologies NZ, Specialized Balsa Wood, LLC, and Bcomp Ltd.
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