Tuesday, March 30, 2021

Digital Signage Industry: Global Market Share, Analysis, Segmentation And Outlook To 2025

The global Digital Signage Market is anticipated to reach USD 31.71 billion by 2025, expanding at a significant CAGR of 7.9% during the forecast period. Digital signage is also termed as dynamic signage, is an advanced form of silver casting in which multimedia or video content is presented in public places for advertising or informational purposes. It mainly comprises a playback device or computer connected to a bright digital screen like plasma display or LCD. It is exclusively used in banks, schools, airports, office buildings, and others.

The factors that are playing a major role in the growth of digital signage market are the developing infrastructure in the emerging countries, acceptance of digital signage in the commercial sector, the rising use of enhanced technology in display sector, and the increasing demand for customized software and solutions. However, the growing trend of broadcast or online advertisement may restrain the overall market in the years to come. Digital signage market is segmented based on product type, component, technology, application, and region.

Video screens, kiosks, video walls, menu boards, digital posters, and other product types could be explored in digital signage in the forecast period. The video screens and kiosks sectors accounted for the majority market share of digital signage and are estimated to lead the overall market in the years to come. Also, video walls sector is estimated to grow at the faster pace in the years to come.

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Based on components, services, hardware, and software could classify digital signage in the forecast period. Services sector comprises consulting, installation, and maintenance & support services. Software sector comprises a content management system and edge server software. Whereas, hardware sector comprise mounts, displays, media players, and projectors. The hardware sector accounted for the substantial market share of digital signage and is estimated to continue its dominance in the years to come. Also, the software sector is estimated to grow at the faster pace in the years to come.

Based on technology, projection, LCD, LED, and others could classify digital signage in the forecast period. LCD sector accounted for the substantial market share of digital signage and is estimated to lead the overall market in the years to come. The reason could be the rising demand from advertisement & marketing industry and low manufacturing cost. Also, the LED sector is estimated to grow at the fastest pace in the years to come.

The market may be categorized based on applications like industrial, commercial, institutional, infrastructural, and others could be explored in digital signage in the forecast period. Commercial sector comprises government, retail, hospitality, corporate, and healthcare whereas, the institutional sector comprises education and banking. Also, infrastructural sector comprises entertainment and transportation.

Globally, North America and Europe accounted for the majority market share of digital signage and are estimated to lead the overall market in the years to come. The reason behind overall market growth could be the presence of key manufacturers in the region and increasing demand for digitized display in the retail industry. The United States, Germany and England are well equipped with the infrastructure for digital signage.

The Asia Pacific is also estimated to have a positive influence on future growth. It is estimated to grow at the highest CAGR in the forecast period. Aspects that may be ascribed to the growth comprise the rising awareness among populace regarding the use of digital signage and the rising disposable income.

The key players of digital signage market are Samsung Electronics, Omnivex Corporation, Panasonic Corporation, Microsoft Corporation, Winmate Communication, Inc., KeyWest Technology, Inc., LG Electronics, ADFlow Networks, and NEC Display Solutions, Ltd. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.

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Thursday, March 25, 2021

Silicon Photonics Market Dynamics, Forecast, Growth Analysis And Supply Demand 2025

Industry Insights

In 2015, the global Silicon Photonics Market size was valued at USD 123 million and is predicted to grow due to increasing uses of photonic technology. Silicon photonics has applications in telecommunication and data infrastructure as they have huge impact on energy efficiencies of communication Network. The need of silicon photonics in application areas such as consumer electronics, IT and increasing demand for optical multiplexers, optical attenuators and optical cables will drive the market in forecasted period.

Silicon photonics technology uses silicon as platform for photonic circuits to create highly integrated optical communication systems. The key elements of value chain include raw material suppliers, components manufacturers, Original equipment manufacturers, distributors and end users.

The distributors stage consist of channel partners, resellers, direct sales partners and vendors that are involved with sales and distribution of photonic systems. Ibsen Photonics A/S of Denmark make efficient use of Distributors spread across Russia, Singapore, China, India, Taiwan and Israel to meet Customers evolving requirement.

Optical component vendor have witnessed massive price reduction in their market. The manufacturers have incurred loss due to high fabrication cost and low selling price. Besides, the market is also competitive.

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Component Insights

The market can be segmented based on use of different components such as Optical waveguides, lasers, optical modulators, Wavelength-Division multiplexing and photodetectors. Among these, the WDM segment is expected to dominate the component arena in terms of size by 2025. WDM filter is used in current electronics and current fibers.

The excess use of Internet worldwide, where WDM filter plays vital role will push the growth in data communication segment.

Product Insights

The market subdivision on the types of products includes Optical waveguides, lasers, optical modulators, WDM and photodetectors. In 2015, the Active optical Cables (AOC) was largest segment in terms of size. The use of AOC enables user to transfer data at a high rate over a long distance through photonics technology.

AOC are cost effective as compared to traditional optical modules and provide smooth installation for high-performance computing. In terms of CAGR the optical multiplexer segment can be fastest growing segment from 2016 to 2025.

Application Insights

Based on applications, the market can be fragmented into IT & telecommunication, consumer electronics, commercial, defense and security and healthcare & life science. The IT & telecommunication segment would dominate the application field in terms of size in 2015.

Increase in number of smartphones and its penetration is expected to lead to high growth of Global telecommunication sector over the forecasted period. Technological advancements in silicon photonics will maximize performance and propel the IT & telecommunication industry. Commercial application segment will dominate in terms of CAGR in next seven years.

Regional Insights

Asia Pacific region is predicted to grow at a highest CAGR from 2016 to 2025. A strong demand and growth in consumer electronics manufacturers, transportation network as led to adoption of Silicon photonics technology.

In 2015, North American market dominated industry in terms of revenue. The key features of silicon photonics product such as low power consumption, small size and high efficiency are important reasons for adoption of this technology. The firms are investing in R&D for continuous development of advance photonic products that will lower the cost of high-speed internet access and will boost efficiency of Communication networks.

Competitive Insights

Cisco Systems Inc., Mellanox Technologies, Molex Corporation, Intel Corporation, and Finisar Corporation are major players in Silicon photonics market. These firms are striving hard for market share through innovative product launches and upgraded transmission capabilities. Avago technologies, Infinera, OneChip photonics, Luxtera are some identified players in global silicon photonic market.

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Wednesday, March 24, 2021

Rice Protein Market Share | Global Industry Overview Research Report, 2025 By Million Insights

Industry Insights

The global rice protein market size was estimated over 11 kilo tons in 2015. Rice protein is an important type of a plant protein and is derived from brown and white rice varieties. The unique amino acid profile of these additives is driving their application in end-use industries such as pharmaceuticals and cosmetics.

Rice protein finds its application in the manufacturing of functional foods, dietary supplements, energy bars, and sports & energy drinks, owing to which the demand is expected to grow rapidly over the forecast period. The absence of artificial sweeteners and chemical additives has led to manufacturers preferring rice protein over soy and whey.

Product Insights

On the basis of protein content and processes, rice protein products are segmented into isolates and concentrates. In 2015, isolates dominated and accounted the majority of the market, in terms of value and volume in product segment. Isolates separate proteins from the foods, resulting in the low amount of fat, fiber, and carbohydrate intake in the final product.

The demand for concentrates is expected to grow rapidly as they are cheaper and possess the ability to replace similar products. Concentrates are proven nutritious and healthier than whey due to which consumers have adopted concentrates over whey. The growing demand for sports nutrition products is expected to further augment demand for concentrates over the forecast period.

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Application Insights

Major applications of rice protein include pharmaceuticals, cosmetics, food & beverages, and animal feed. In 2015, food & beverages application segment dominated the market by accounting over 50% of the global volume. Growing demand for products such as supplements, dairy alternatives, and sports drinks is anticipated to act as a major driver.

Growing awareness regarding benefits of plant-based medicines is likely to act as a major driver for growing demand in pharmaceuticals. The rising health awareness regarding nutrition-related deficiencies is expected to boost the demand for rice protein in pharmaceutical manufacturing.

Regional Insights

North America accounted for over 47% of global market owing to high demand from food & beverage industry. The presence of a large number of manufacturers coupled with the high adoption rate of new products is expected to boost market growth.

Asia Pacific is expected to be the fastest growing region due to growing disposable incomes in emerging economies of China and India. Increasing awareness regarding healthy lifestyles coupled with growing demand for protein-based nutritional foods is likely to fuel market growth over the forecast period.

Competitive Insights

The key players in the market are Nutrition Resource Inc., Axiom Foods Inc., AIDP Inc., and RiceBran Technologies. The product nature of rice protein is responsible for the industry is highly concentrated and highly competitive.

The key players have adopted inorganic development strategies such as partnerships and agreements with distributors and suppliers to increase market share. Plandai Biotechnology has entered into an agreement with AIDP Inc. to sell their products in developed markets of U.S. and Europe.

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Tuesday, March 23, 2021

Global Dental Implants Market Analysis, Share, Growth, Industry Trends, Overview And Forecast To 2024

Industry Insights

The global Dental Implants Market is likely to reach USD 6.81 billion by 2024, with a CAGR of 7.7% during the forecast period. Dental implants have wide application as anchors used for positioning of dental prosthesis such as dentures, bridges, or crowns. Dentists prefer these implants for replacements for missing teeth which are considered as long-term solutions with excellent results.

Boosting the demand via oral rehabilitation is majorly performed by the prosthetics. These involves restoring facial forms and oral function of patients. Patients and dentists are readily accepting the implants since there are limitations of removable prosthesis such as lack of natural appearance, discomfort and requirement of maintenance. The major advantage of these implants is if the prosthetics are mounted on dental implants, they do not affect soft tissues with enhanced aesthetics, which will act as the driver to its growth.

The increase in the base population plays a vital role in the growth of the segment. The development of diseases for tooth loss is mostly observed in the geriatric population. Also, the aging population is expected to grow over the next six years which will help to increase this segment.

According to a survey done by American Association of Oral and Maxillofacial Surgeons, in the US, more than 15 million people have bridges or crowns and over 30 million people have missing teeth in one or both jaws. These factors will drive the market in the coming years. Furthermore, the increase in number of road accidents every year will also help the market to increase.

Companies like Nobel Biocare Services AG are occupied in production of novel products, which has helped in increasing the product portfolio, thus, providing more product range for the end consumers which results in enhanced treatment. Though dental implant treatments are costly, but are widely accepted resulting the high rate of success rates.

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Type Insights

Titanium metal generated revenue of USD 3.4 billion in 2016, owing to its flexibility and versatility along with surgical placements. This metal is finds wide application in dental implants because of its advantages such as high bone bonding ability and high biocompatibility. Also, it acts an alternative for tooth replacement.

Zirconium is estimated to grow with highest CAGR over the forecast period owing to benefits such as noncorrosive property. Besides, the dark colored zirconium cannot be seen through the gums, which makes it patient compliant.

Regional Insight

Europe held the largest market share in 2016, since the base population is more. The European Commission reported that by 2020, one fourth of population will be aged over 60 years of age, therefore, this will help to drive the market. Moreover, Europe is considered for dental tourism as a cost-effective region, which is anticipated to serve as a high impact driver. The increase in healthcare spending also supports the growth of the industry.

Asia Pacific is identified as region with highest CAGR of over 10.0% owing to increasing base of population with tooth (or teeth) loss in many countries. Furthermore, increasing disposable income in this region will also contribute towards the growth. North America is also anticipated to hold significant market share because of its sophisticated infrastructure coupled with increased disposable income.

Competitive Insights

Some of the key players of this market include BioHorizons IPH, Inc., Nobel Biocare Services AG.; Institut Straumann AG; DENTSPLY Sirona; OSSTEM IMPLANT ,Zimmer Biomet Holdings, Inc.; Bicon, LLC; KYOCERA Medical Corporation; Leader Italy; Anthogyr SAS; DENTIS., DENTIUM Co., Ltd.and T-Plus Implant Tech. Co.

The major strategies of these companies are mergers and acquisitions with other companies. Moreover, increasing venture capital investments and new product development due to growing economic stability in both developed and developing regions are some of the other strategies undertaken by these players.

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Friday, March 19, 2021

Excipients Market - Global Industry Analysis, Size, Growth, Trends And Forecast 2012-2025

 The global Excipients Market is estimated to reach US$ 6.9 billion by 2025 and is anticipated to grow with a CAGR of 6.02% throughout the forecast period. An excipient is an active ingredient of medication for long-term stabilization and for bulking up solid formulations. Also, exclusively used in the manufacturing process for handling the active substance like facilitating powder flowability.

The factors that are playing a major role in the growth of excipients industry are the rising reach of generic medicines, the high demand for newer excipients, the developing generics market, and the rising demand from end-users. However, the rising regulatory stringency and the high cost & time-consuming process may restrain the overall market in the years to come. Excipients market is segmented based on product type, formulation, and region.

Gelatin, polymers, minerals, alcohols, and sugars are the product types that could be explored in excipients industry in the forecast period. Polymers sector comprises acrylic polymers, MCC, polyethylene glycol, HPMC, sodium starch glycolate, ethyl cellulose, and others. Minerals sector comprises titanium dioxide, calcium phosphate, silicon dioxide, calcium carbonate, and others. Whereas, alcohols sector comprises mannitol, glycerin, sorbitol, propylene glycol, and others. Sugars sector comprises sucrose and lactose.

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Polymers sector accounted for the substantial share of excipients market in terms of volume and revenues and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the high demand from pharma sector and its rising use in several dosage forms like tablets, suspensions, and capsules. In addition, sugars sector is estimated to grow at the fastest pace in the years to come.

Based on the formulation, parenteral, oral, topical, capsules formulations, and others could be explored in excipients industry in the forecast period. The oral route of administration accounted for the substantial market share of excipients and is estimated to continue its dominance in the years to come. This may be because it is a traditional and common way for drug delivery.

Globally, Europe accounted for the substantial share of excipients market and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the rising demand for pharmaceuticals and the presence of European medicines agency scientific guidelines on excipients.

North America and the Asia Pacific are also estimated to have a positive influence on future growth. North America is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The developing countries like India and China are the major consumers of excipients in this region. Also, the MEA region is estimated to grow at the lucrative pace in the years to come.

The key players of excipients industry are Finar Limited, Eastman Chemical Corporation, DFE Pharma, P&G Chemicals, Shin-Etsu Chemical Co., Ltd., Avantor Performance Materials, LLC, JRS Pharma, Huntsman Corporation, Valeant, BASF SE, Lubrizol Corporation, Ashland Inc., Colorcon Inc., and FMC Corporation. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.

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Thursday, March 18, 2021

Global Food Emulsifiers Industry Situation, Outlook Analysis and Prospects Research Report by 2025

Industry Insights

The global food emulsifiers market was valued at a revenue of USD 4.36 billion in the year 2015. Bakery & confectionery is one of the significant end-uses, which is likely to drive the global demand over the years ahead, owing to the multifunctionality of these products.

Emulsifiers or colloids are widely used as process additives during the manufacturing of victuals. They are broadly consumed in various applications such as food & beverage, meat processing, bakery products, and confectionary goods. Rapid industrialization of the food & beverage sector in Asia Pacific is another significant driver of the food emulsifiers market demand. Changes in consumer preferences regarding various physico-chemical and sensory attributes such as the texture, quality, nutritional content, and taste are likely to create a positive impact on the industry dynamics during the forecast period.

The U.S. has been one of the prominent consumers of emulsifying agents. The ongoing green label trend in this country over the use of ingredients and additives used in food processing is likely to upsurge the requirement of bio-based and natural ingredients in the future. This in turn is expected to provide a favorable opportunity for the consumption of various natural emulsifying materials in key application sectors over the coming years.

Stepan Company is one of the key manufacturers, which offers emulsifying agents for the food & beverage industry. It supplies mono and di-glycerides under the Drewmulse brand, that helps in emulsification and stabilization of food and nutrition systems.

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Product Insights

In terms of revenue, mono-, di-glycerides and derivatives held the highest share of the global industry in 2015. These products are fatty acid esters that are derived from glycerin. They help to improve the surface activity needed for effectively homogenizing and stabilizing the processed victuals.

Mono, di-glycerides and derivatives find significant use in manufacturing of bakery and dairy items, including margarine, bread, cakes and ice creams. Owing to, to their huge consumption in bakery processing applications, this product category is likely to increase at a CAGR 4.3% in terms of revenue, by the end of 2025.

Stearoyl lactylates is another major segment, which is likely to offer favorable growth opportunities during the forecast period. Their consumption is expected to increase in the future, owing to substantial production of snacks, sauces, pancakes, dietary products and alcoholic cream-based beverages. This product has been declared safe by the US FDA, which in turn is likely to boost its growth rate in the coming years.

Application Insights

Meat products, bakery & confectionery, convenience foods and dairy products are the key applications of the global industry. Confectionery & bakery held the highest revenue share of 59.4% of the total industry in 2015.

The bakery sector is driven by demand of innovative baked products, mainly which offer longer shelf life and are gluten-free. Additionally, there is a rise in consumer demand for biscuits comprising high fiber and nutritional content. This is expected to boost the consumption of emulsifiers over the years ahead.

In terms of volume, convenience products are likely to witness fastest growth, expanding at a CAGR of 5.0% during the forecast period. Busy consumer lifestyles in developing and developed countries has propelled the consumption of packaged foods. This scenario is likely to boost the industry growth by 2025.

Regional Insights

Europe accounted for the highest volume share in 2015, constituting 29.5% of the total industry. Asia Pacific and North America were the next major consuming regions of the market. France, Germany and other East European countries are likely to influence the expansion of industry in the coming years. In Europe, the demand for sorbitan esters and stearoyl lactylates is likely to increase, especially in dairy and bakery applications, at a steady CAGR during the forecast period.

Countries in Eastern Europe are likely to witness fastest industry growth, due to the increasing foreign investments in the production of alcoholic beverages. This development is expected to offer favorable prospects for food emulsifiers.

Asia Pacific is likely to depict fastest growth on account of various socio-economic factors, which include strong development of the food & beverage processing industry coupled with the presence of a wide consumer base. This scenario is expected to reflect mainly in India, China and Southeast Asian countries over the years ahead.

Competitive Insights

BASF SE, Danisco A/S, Beldem, Lonza Group, Cargill, Inc., Riken Vitamin Co. Ltd., Adani Wilmar Ltd., Palsgaard A/S, Archer Daniels Midland Company, Stepan Company Solvay S.A., and Lubrizol Corporation are the key players in the industry.

Companies such as Riken Vitamin and Palsgaard are investing significantly in the research and development for enhancement of the functional properties of their products. Danisco A/S is engaged in providing processed foods that are characterized by enhanced taste, nutritional value, extended shelf life and texture. Cargill Inc., manufactures synthetic emulsifiers are widely used in chocolate, snacks and bakery items, as they provide better dispersion systems in comparison with soy lecithin.

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Wednesday, March 17, 2021

Global Single Cell Analysis Market Analysis, Share, Growth, Industry Trends, Overview And Forecast To 2025

Global Single Cell Analysis Market is anticipated to reach USD 5.9 billion in the forecast period. Single-cell analysis is the study of transcriptomics, genomics, metabolomics and proteomics at the single cell level. The analysis provides the type of examination which is helpful in various segments and it has been supported by the constant technological updates in research implements.

Factors, such as increasing focus on personalized medicine, technological developments in single-cell analysis products, increasing research and development in the single cell analysis field, rapid progression in the healthcare segment across the globe and partnership and collaboration among key players to favor market development are likely to drive the single-cell analysis industry in forthcoming period.

On the other hand, high cost of single-cell analysis products and lack of awareness are anticipated to hinder the market growth of single cell analysis in the future. However, growth in stem cell research is likely to create lucrative opportunities for the market. Single cell analysis market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.

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Single cell analysis industry is segmented by product type, types of cell, technique, application, end user and geography. Based on product segmentation, the single cell market comprises Consumable, and Instruments. The “Consumable” segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come. The key factors that could be attributed to the growth of the market include existing players accepting numerous policies to boost sales and continuous demand from end users.

Based on types of cell, the single-cell analysis market could span Animal, Human, and Microbial Cells. The market could be explored based on technique as Polymerase Chain Reaction, Mass Spectroscopy, and Others. The key applications that could be explored in the single cell analysis industry include Diagnostic and Research Applications. Single cell analysis market could be explored by the end user as Biotechnology and Biopharmaceutical Companies, Academic & Research Institutes, and Others.

North America is a leading region in the market. It is likely to maintain a dominance in the forecast period owing to factors, such as the establishment of new biopharmaceutical and biotechnology products in the region. Furthermore, acceptance of gene-based analysis methods by these companies and research laboratories is increasing the regional market growth.

In addition, North America is followed by the Asia-Pacific region owing to several government initiatives undertaken to progress healthcare infrastructure, accessibility of skilled specialists to work advanced analytical instruments, and increasing healthcare spending.

Key players operating in the single cell analysis industry include Abcam Plc., 10X Genomics, Agilent Technologies, Becton, Fluxion Biosciences, Bio-Rad Laboratories, Inc., Dickinson and Company, Illumina, Danaher Corporation, Bruker, GE Healthcare, Fluidigm Corporation, and Bio-Techne Corporation, among others. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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Tuesday, March 16, 2021

Composites Market: In-depth Study by Key Reasons, Product Segments and Application to 2024

Industry Insights

The global Composites Market size is anticipated to reach USD 130.83 billion by 2024. It is also projected to grow at a CAGR of 7.8% over the forecast period on account of its increasing demand from numerous application sectors which consist of wind energy, electrical & electronics, automotive interiors, pipes & tanks, marine and aerospace & defense.

The expansion of numerous end-user application segments is expected to augment the industry growth. In addition, the market of composites is estimated to observe a substantial growth on account of its strength, thermal conductivity performance properties and high corrosion resistance.

The product is majorly produced by layup process, which accounted for 30.90% of the total composites market share in the year 2015. The layup process is presumed to witness a significant growth in the near future on account of its versatility in manufacturing a wide range of products and low operational expenditure. In layup process, resin is applied by hand or spray technique onto a suitable mold surface which causes in curing the laminate without requiring any additional treatment. The layup process is expected to grow at a CAGR of 9.70% over the forecast period.

In terms of volume, Asia Pacific was the major market in 2015. Emerging economies such as India, China, South Africa and Brazil are anticipated to lead the market on account of the increasing demand from numerous application sectors including aerospace & defense, transportation, automotive and wind energy. Mergers and acquisitions and R&D activities together with new product development by major companies are projected to augment the market growth. In addition, superior features provided by these products particularly in CFRP i.e. carbon fiber reinforced plastics on account of technological innovations and new high-value applications will fuel the market expansion.

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Application Insights

Aerospace & defense sector was estimated for 13.10% of the total market share in the year 2015. The application of composites in the production of aircrafts has a benefit over the traditional materials due to its high performance properties. Decrease in the weight coupled with high corrosion resistance are few of the crucial factors enhancing the growth of composites market in this sector.

Wind energy application sector is expected to witness a rapid growth with a CAGR of 10% over the next eight years owing to its wide application as clean energy materials in this industry. Infrastructure development for public transport and growing automobile industry is anticipated to augment the further expansion of composites market in the near future. The improvement in road networks, particularly in Asia Pacific, is anticipated to result in stimulating the growth of the composites market over the forecast period.

Product Insights

Glass fiber composites generated a revenue of USD 41.8 billion in the year 2015 on account of its wide consumption globally. The glass fiber composites market has been dominating the international composites market over the recent past on account of its surface texture variety, inherent strength, lightweight properties and weather resistant finish. In light of these properties, glass fiber composites possess a great demand from numerous segments such as transportation, automotive, wind energy, aerospace & defense and others.

Carbon fibers market accounted for over 33.9% of the total international volume in the year 2015 and is anticipated to witness a steady growth at a rate of 10.40% CAGR over the forecast period. The segment is expected to create new opportunities in the automobile industry on account of the high value application.

Regional Insights

Asia Pacific accounted for 40% of the total market share in terms of revenue in the year 2015. Increasing development of application industries such as transportation, wind energy and aerospace & defense is enhancing the growth of the composites market in this region. In addition, rapid metropolitan development of the cities, the existence of major carbon fiber manufacturers in APAC are the major factors that are propelling the growth.

North America market of composites was estimated at USD 14.5 billion in the year 2015. The increase in manufacturing of light commercial vehicles is anticipated to enhance the market growth. Germany is expected to witness a steady growth at a CAGR of 8.8% over the forecast period. Advancements in lightweight car manufacturing to decrease fuel emissions, thus reducing carbon emissions in the atmosphere, is expected to fuel the market growth.

Competitive Insights

The market is majorly driven by new product developments coupled with product exhibitions, as key participants are competing to enlarge their customer base over the forecast period. The global composites industry is highly fragmented in nature with the presence of major players emphasizing on R&D activities and advancements in technologies. The key players consist of Toray Industries Inc., Jushi Group Co. Ltd., Compagnie De Saint-Gobain, TenCate NV and Owens Corning.

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Monday, March 15, 2021

Global Colorants Market Analysis, Share, Overview And Forecast To 2025

Industry Insights

The global colorants market was estimated at 2,025 kilo tons in the year 2015. Natural colorants are extracted from different sources including agricultural, biological, minerals and others. It is anticipated to witness a significant growth due to rising demand for pigments & dyes from various end-use applications majorly including textiles, food & beverages, and plastics.

Colorants are defined as a substance that is used alone or in combination with other ingredients to impart color in the product by altering its chemical and physical properties. The market has experienced immense growth in countries such as India, China, U.S., Canada, and Germany over the past few years due to the increasing awareness towards consumption of natural ingredients.

The key driving factors such as increasing consumer preferences for attractive product packaging, and fashionable clothing trends, especially in U.S. are expected to spur the coloring agents demand over the forecast period. The North American market is dominated by U.S., owing to the high demand of pigment & dye product. The regional market is further influenced by numerous factors including a rise in paints demand and technological advancements.

Moreover, dyes & pigments are the natural or synthetic substances, which provides hiding power, color and precise physical attributes to a final product. They also support in enhancing durability and corrosion resistance characteristics to end-use products. Color additives are the key components that are utilized in manufacturing several finished products, by improving its physical properties to make them attractive, appetizing, and appealing for its customers.

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Application Insights

The textile dominated the application sector and is anticipated to grow at a CAGR of more than 3.5% in the coming years. Increasing consumer spending on garments and clothing is expected to boost the market growth over the forecast period. In addition, increasing drift towards consuming eco-friendly products is triggering the use of dyes in the textile industry, which in turn has led to an increase in the overall coloring agents’ sales.

Growing usage of colors in beverages and sugar products such as sweets, chocolates, and ice creams is also anticipated to propel the product demand and was valued at above 250 kilo tons in 2025. Rising consumption of carmine, caramel, and annatto in personal care and food & beverage applications due to its eco-friendly nature is expected to open new opportunity avenues for market expansion.

Printing application segment was estimated to be around USD 1.8 billion in 2015, owing to increased usage of ink and printing colors in ceramics, wall coverings, fabrics, plastics, glass, metals, paper, and others. Moreover, due to inherent features of inkjet such as water and light fastness and resilience towards bleeding & heat, it is used in several end-use industries including leather, paper, plastics, textiles, constructions, coatings & paintings.

Colorants are a significant part of several products, making them informative and appealing. Consumers can identify a particular product with its respective function because of the unique color code offered by the colorants. This trend is widely adopted in candy flavors, packaging, and therapeutic dosages. Trading of such colorants products is controlled by global regulatory bodies including the U.S. Food and Drug Administration (FDA) and the European Union.

Regional Insight

On the basis of region, the global colorants market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and Central & South America. Europe emerged as a leading consumer accounting for more than 35% of the revenue in 2015. Growing inclination for naturally derived color additives along with the favorable regulatory norms is predicted to steer the market growth in personal care, textile, and food segment over the forecast period.

Rising architectural coatings and printing inks demand in North America are anticipated to boost the market growth in the next eight years. The demand for dyes & pigments was recorded over 550-kilo tons and is estimated to witness highest growth rate during the forecast period.

The Asia-Pacific market was worth USD 5,500 million in 2015. Increasing utilization of color additives in emerging economies such as China, India, and Japan from end-use industries such as paper, textiles, coatings and plastics are contributing towards the regional growth.

Competitive Insights

The key players in the colorants market include ROHA JTT group, Teknor Apex Company, Pylam Products, T.H Glennon, DD Williamsom, San-Ei Gen F.F.I., Inc., Symrise AG, GNT Group, Lanxess AG, Clariant International, Penn Color, Polyone, Jagson Colorchem Limited, Sensient Technologies Corporation, Sethness Products Company, Chr. Hansen Holding. The coloarnts producers are involved in sustaining healthy supply and distribution chain across the globe to increase its market presence.

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Friday, March 12, 2021

Coiled Tubing Market Opportunities, Trends and Industry Forecasts to 2025

Industry Insights

The global coiled tubing (CT) market in 2016 was valued at USD 3.25 billion. Rise in intervention, exploration, & production activities will boost the global market over the forecast period. Oil and gas being the primary energy resource for automobile sector, power, and other activities the demand in energy cannot see a major dip.

Initially the technology was innovated for new and live well only but with growth of demand, the application was used for the production of depleted gas wells. The reuse of oil wells after maturity and rise in oil extraction operational cost are key factors that will drive the market. Shorter rig-up time make coiled tubing even make more attractive for drilling and work over applications.

Coiled tubing is a complete set of steel pipe and surface equipment’s that include reel, injector head, control cabin and power pack. With the development in exploring other unconventional resources the growth of market can be achieved. With decline of oil and gas well due to continuous use to fulfill the energy needs of human race make it a potential market to grow over eight years.

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The rigorous pressure imposed by the government of most country in line with exploration and extraction of oil and gas on various regulations related to unconventional and conventional resource is generally given to the exploration & production companies. The drafting guideline i.e. DRAFT IRP 21 (2016) has backed up the technology for operations using coiled tubing.

On the basis of service, the market is bifurcated into well intervention and drilling services. The continuous operation of the oil and petroleum industry results in the boost of the market. A producing oil well once started with the operation can come up with many problems like maintenance, so to continuous use of the operational well the coiled tubing is a great tool.

Coil tubing technology is a cheaper version of work-over operations. Hole drilling and milling operations are some other areas of service by coiled tubing. Common coiled tubing steels have yield strengths ranging from 55,000 PSI to 120,000 PSI so it can be used to reservoir fracture, a process where a pressure is generated to break the underneath rock bed so as to allow the product flow. In oil well operations can perform any function as per the requirement.

Services Insights

The major segment is accounted by well intervention due to difficulty in finding new oil and gas well in the year of 2016 in terms of revenue. This service is sub divided into completion, cleaning, maintenance and other activities related to well (which includes pre, during and post operations). These entire services are catered by the segment during the entire life cycle of the well. Earlier it was established as a cost-effective well cleanout tool. Three quarters of total coiled tubing revenue comes from conventional wellbore cleanouts and acid stimulation. Most recently, fracturing the rock bed and drill applications have emerged as two rapid market gainer.

Operation Insights

The pumping operation include filling and removal of sand, fracturing the rock bed by pressurizing or acidizing, slurry pumping, removal of harmful gases from the bore, plugging of well bore. This segment from 2017 to 2025 is expected to grow at a CAGR of 5.2%.

Other major operations include liquefication, logging, and perforation. Among this circulation is the most commonly used operations.

Application Insights

The use of CT has grown beyond cleanout and simulator of acid. This growth is driven by technology and material advancement. The growth applications are drilling, fracturing, subsea, deeper wells and flow line. Other traditional applications are well cleanouts, well unloading, stimulation, velocity strings and fishing.

Because of functioning even in the harsh and extreme conditions such as in offshore this segment lead with 45% of the overall market. Offshore applications the one at Northern Sea. Common offshore applications include well interventions or production for extending well life.

CT is mostly used in chemical wash in subsea operations, which is done by pouring down the chemicals to the bottom. In data transmission also it is replacing wireline and electrical cables.

Regional Insights

Countries of APAC such as China, India, Australia and Indonesia with the dual factor of investment and presence of reservoirs can make it as a potential market. The demand of resource in North American region lead the market by 42% in terms of revenue. Canada and the U.S. together have the highest market share.

The resources such as skilled manpower, and use latest technologies & equipment has driven the North America. Coiled tubing industry is anticipated to show a significant growth in countries such as Argentina Russia, Algeria, and Poland over the forecast period.

Competitive Insights

Presence of some major giants such as Baker Hughes Schlumberger, Archer Limited, Halliburton, Calfrac Well Services Ltd, Superior Energy Services Inc., Weatherford International Inc ,Trican Well Service Ltd., Cudd Energy Services and C&J Energy Services, Inc. has consolidated the global market. The presence and their participation in value chain of the makes them a key player in the field of energy.

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Wednesday, March 10, 2021

Acoustic Insulation Market Trends, Analysis, Statistics, Industry Reviews and Forecast To 2025

Industry Overview

The global acoustic insulation market size is expected to reach a value of USD 16.55 billion by 2025. Rising consumers’ awareness regarding health and noise pollution coupled with the improving standard of living are expected to be the primary factors responsible for the growth in the global acoustic insulation industry. Recent studies and development in science and technology have shown, the ill effects of high levels of noise on human health and work, the study also highlights the significance of sound barriers.

Rising concerns regarding employee comfort levels have propelled the use of noise cancelling materials in corporate offices as well as commercial buildings. The increase in the standard of living of people is most likely to drive the acoustic insulation materials demand in the residential construction segment so as to attain a peaceful environment inside the home.

Government initiatives, as well as regulation for controlling noise pollution, is also a major factor driving the global market. EPA has come up with certain standards to monitor noise produced in transportation and also sound seclusion of the building environment. The countries which form the European Union also regulates the impact, airborne and utilization of noise levels. There are also certain regulations which are imposed to ensure seclusion from external sound.

According to Italian law no. 447 of 2/10/95 both public and private entities will be suspended if found guilty for noise pollution. Many such laws and regulations are passed so as to control the sound produced from Planes, Ships, and automobiles.

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Product Insights

Foamed plastics is used for the insulation as it provides excellent noise barrier in closed space and it can be injected easily in tiny pockets of ceiling and walls. In terms of the rate, it is high-cost material due to which it is expected to encounter a challenge in its industry growth. In terms of revenue formed plastic is projected to dominate the segment over the forecast period.

Moreover, owing to the easy availability and installation of rock wool, it is popular in the acoustic insulation market. Rock wool provides acoustic and thermal padding as well as it is fire resistance. It is low a low-cost material which has relatively higher demand in the developing countries which eventually contributes to the overall growth. Rising demand from the transportation sector is also estimated to propel the material market.

End-Use Insights

Construction and building industry is expected to witness the highest penetration of product and is projected to dominate over the upcoming years. Furthermore, rising demand from the industry can lead to the substantial amount of product required to insulate the buildings.

However, considering the economic slowdown in the Europe and U.S, construction and building segment has witnessed a significant impact which in turn has affected the product market. In the developed region the sector is expected to observe a challenge due to the moderate pace of new structures over the forecast period.

Changing consumer preferences for better NVH levels along with the huge competition between automobile industry has propelled the product demand from the transportation industry. In developing countries, the rapid growth of aviation, as well as automotive industries, is anticipated to boost the acoustic insulation material demand.

Regional Insights

In the year 2015, Asia Pacific accounted for over 40% of the global demand thus being the largest market for the product. Growing building and construction industry, as well as the booming automobile sector in Asia Pacific, is expected to trigger the regional growth over the forecasted period.

Acoustic insulation material has also remarkably penetrated the European markets. The stringent regulations and strict government policies on noise control for industrial equipment, transportation, and building acoustic isolation have contributed for the product’s penetration in the region. One of the restraints in the region can be the slowdown in the construction activities over the forecast period.

Competitive Insights

Saint-Gobain, Knauf Insulation, Rockwool International A/S, Johns Manville, Owens Corning, Armacell, Paroc, BASF SE, and others are some of the key players in the industry. Companies have adopted strategies such as expanding their product portfolio, increasing their geographical reach and continuous innovations for sustaining in the market. Some of the other approaches used are mergers and acquisitions to increase their market share and also the value chain integration.

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