Scar Treatment Market Competitive Landscape, Key Companies Analysis and Revenue Forecast by 2025

 Industry Insights

The global scar treatment market size was worth USD 13.8 billion in 2015 which is anticipated to grow at a CAGR of more than 9.7% during the forecast period. Esthetic appearance among people is one of the major factors driving market growth. Scar treatment helps enhance the esthetic appeal of an individual through skin rejuvenating. Women are more concerned about esthetics, hence are expected to form the largest customer base for this market.

Another major factor contributing to the growth of this market is the rising number of road accidents. According to WHO, approximately 10 million people are injured in road accidents every year. This gives rise to high need for scar treatment products, such as topical products that help in reducing the scars effectively. Road accidents also increase the need for cosmetic surgical treatments, which in turn leads to high demand for laser instruments.

Rising incidence of burn injuries also supports the growth of this market. Burn injuries contort the appearance of the victim, leaving noticeable hypertrophic burn marks. People with high disposable income, often go for surgical treatment to get rid of such marks. Thus, scar removal products help in treating burn injuries.

Technological advancement, such as laser therapy is also accelerating the growth of this market. For instance, Cynosure came up with MedLite C6, a Q-switched laser device, which is used for treating acne and other skin diseases. These laser devices help in treating the marks by destroying the scar tissue. Reconstructive and plastic surgery is also considered as a part of the surgical laser treatment procedure, which has further expanded the market growth.

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Product Insights

Based on product, topical products held the largest market share in 2016 and are expected to witness an attractive growth over the forecast period. It is due to the easy availability of these products Over-the-Counter (OTC), for instance, topical creams, gels and oils. Due to this reason, topical products are greatly used as a treatment for scars.

Laser products are expected to witness a lucrative growth over the forecast period. This is due to the fact that non-invasive therapy facilitates less pain and discomfort. Laser-based cosmetic surgeries are also increasingly preferred by the patients who are experiencing stretch marks, acne and keloid.

Scar Type Insights

Based on scar type, atrophic scars dominated the market in 2015. This is because it majorly comprises acne scars. Most of the people, especially women are concerned about acne. Hence, there is a high demand for OTC products such as gels and topical creams for treating acne, thereby, making it a strong segment.

Hypertrophic and keloid scars also held significant market share in 2015 owing to the growing number of wound injuries leading to these marks. OTC products such as silicone gels, topical creams and silicone gel sheets assist in minimizing the visibility of these marks.

End Use Insights

Based on end-use, the market is segmented into clinics, hospitals, e-commerce, and retail pharmacies. Among them, hospitals dominated the market in 2015. This is due to the wide usage of laser instruments, steroid injections and topical creams and gels in the hospital settings. Availability of specialists in the hospital also contributes to the growth of this segment.

E-commerce/retail pharmacies are expected to witness lucrative growth over the forecast period. Online websites provide a wide variety of scar treatment products such as steroid injections, topical creams & gels and portable laser instruments. It also offers numerous lucrative offers and discounted prices, which further raises the growth of this segment. In retail pharmacies, topical products are available easily, which facilitates easy accessibility of scar treatment products.

Regional Insights

Based on region, North America held the largest market share in 2015. This is due to the growing acceptability of technologically advanced products and high concern among people regarding esthetic appeal. Huge demand for advanced laser instruments in the U.S. also drives the growth of this region.

Asia Pacific is expected to witness a lucrative CAGR over the forecast period due to the rising incidence of road accidents in country like India. In addition, rising disposable income in these countries is also anticipated to contribute to the growth of this region.

Competitive Insights

Some of the major companies of the market are Lumenis; Mölnlycke Health Care; NewMedical Technology, Inc.; Sonoma Pharmaceuticals, Inc; Smith & Nephew plc; CCA Industries Inc.; Suneva Medical, Inc.; Enaltus LLC; Merz Inc. and Scarheal, Inc.

The key companies go for strategic initiatives such as regional expansion, development of new products with improvised technology and mergers & acquisitions. For instance, Lumenis acquired Pollogen in 2015, in order to expand its product portfolio in the field of esthetics.

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Pulse Oximeters Market Driver Analysis, Technology Overview and Segmentation Forecasts, 2025

Industry Insights

The global pulse oximeters market size was worth USD 1.5 billion in 2015 which is anticipated to grow at a CAGR of more than 6.1% during the forecast period. The crucial application of the pulse oximeters in patient monitoring is responsible for its growth. Moreover, its use in anesthesia monitoring and safety have greatly reduced anesthesia-related deaths, which further contributes to the market potential.

Surgical safety has been a major concern and so its provision is a priority worldwide. Global initiatives such as the WHO Surgical Safety Checklist, which was created in 2008 as an outcome of 2007 WHO Safe Surgery Saves Lives program, aims in the application of minimum safety standards across hospitals in all countries. Pulse oximeter, being an essential monitoring device in surgical treatments, is largely affected by such global initiatives that influence its demand and are likely to trigger the market growth.

Modernization has boosted accessibility with the technological advancements in the cell phones operating systems. In 2014, a company named Masimo launched iSpO2 pulse oximeter, which is supported by the Android devices, facilitating ease of use and monitoring.

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Type Insights

The segmentation based on the type of devices is handheld, fingertip, and others. In 2016, the handheld oximeter devices dominated the market owing to the ease of use of the device in the case of emergency. The oxygen saturation of a patient highly affects the course of treatment to be undertaken. Rising number of emergency cases of strokes and surgeries is anticipated to augment the market over the forecast period.

With the growing preference towards portable technology due to its feasibility in use, fingertip pulse oximeter segment is gaining prominence in the pediatric treatment procedures and so are expected to show significant market growth over the forecasted period. The fingertip pulse oximeters can withstand varying storage conditions and thus is preferred.

Other types of oximeters include stand-alone units that have provisions to monitor parameters such as blood pressure and ECG. Lack of sufficient operative room facilities in most of the developing countries, as per the findings of WHO, initiatives are taken to increase the operative room facilities where each room is equipped with at least one stand-alone monitoring units that would help in increasing the penetration of the devices.

End User Insights

The conventional use of pulse oximeters is done in hospitals pre and post surgeries. It is also used during surgeries when the patient is anesthetized. The rising number of surgeries and emphasis on patient safety are responsible for the increased use of pulse oximeters during every procedure. These devices are once purchased and require servicing and are not replaced frequently. The use of pulse oximeters in newborn screening also adds to the number of devices procured by the hospitals in their maternity and pediatric care divisions.

However, there is an upward trend of use of pulse oximeters in homecare settings due to the expansion of the homecare market. Hospices and even nursing care centers are procuring oximeters to provide better care to their customers.

Regional Insights

The inequality in the distribution of the healthcare facilities worldwide is very significant. For instance, North America has low burden of diseases but high presence of healthcare workers and finances. Moreover, strong technological base, availability, and adaptability of the recent advances in technology makes North America dominate the market. However, African region has high burden of the diseases but low presence of healthcare workers and finances, thus, although a potential market, low awareness and affordability hinder the development of pulse oximeter market in African region.

Asia Pacific is anticipated to show fast growth over the forecasted period owing to the moderate burden of global disorders and high adoption of modernization and developing technology, realizing the need of better healthcare facilities and early detection of disorders through increased use of monitoring devices such as the pulse oximeters.

Competitive Insights

With the trend of customized facilities, some companies are working toward developing devices that are supported by the cell phones operating systems, facilitating flexible, wireless and easy monitoring. For instance, Masimo’s iSpO2 and Zensorium’s Tinke are the oximeter devices that are compatible with iPhones, thus providing the iPhone users with the benefits of the new technology. Such innovations are likely to attract the population and widen the market size.

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Solar Cell Market Share, Global Insights, Size, Development, Emerging Trends, Analysis and Forecasts To 2022

Industry Insights:

The global solar cell market was estimated at 182.4 GW in 2014. The rising demand for electricity coupled with the increasing consumer awareness concerning the benefits of renewable resources is anticipated to have a positive impact on the market growth. Moreover, rising infrastructural developments together with rapid growth in the industrial sector are estimated to drive demand over the forecast period.

The increasing demand for a reliable, clean and eco-friendly energy source to reduce the dependency on fossil fuels owing to their depletion is projected to propel demand for solar cells. The technological development in reducing the manufacturing cost and improving performance efficiency is expected to drive the solar cell market.

The government regulations in various economies promote the utilization of solar energy systems leading to the emergence of new opportunities in the industry. Stringent government regulations related to the reduction in environmental impact are expected to drive the market demand for renewable energy resources.

The increasing demand for PV systems for utility, commercial and residential applications owing to superior efficiency and lower initial investments, is anticipated to augment the growth of solar cell market. The market is distinguished by combination in the value chain by various companies such as SolarWorld, SunEdison, and First Solar.

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Product Insights:

The solar cell market is segmented on the basis of product into thin film and silicon wafers. The silicon wafer market segment including monocrystalline and multicrystalline accounted for over 90.0% of the total installation capacity in 2014.

The demand for silicon wafer exceeded over 170.0 GW in 2014 of which monocrystalline silicon wafer contributed to over 57.0 GW. The high efficiencies of the product coupled with the high availability of raw material, which has lead to the dominance of silicon wafers in the market. However, shortage in raw material supply owing to decline in silicon production is expected to hamper the growth of the market over the projected period.

The demand for multicrystalline silicon cells is expected to witness the fastest growth as opposed to its counterparts at a CAGR of over 25%. The overall product cost is comparatively lower owing to simplicity in the operating technology used in production process, which in turn is expected to have a positive impact on the industry growth.

The thin film market accounted for over 10GW in 2014 in terms of volume. The thin film market is classified as CdTe, CIGS and amorphous silica based on the raw material. The increasing demand for thin film in commercial and residential applications is estimated to aid the market growth.

The combination of CIGS in construction materials including cement conceivably enables the entire structure to act as a power generation unit. The transparency and flexibility linked with these products are anticipated to have a positive impact on the market growth.

Regional Insights:

Europe accounted for 45% of the overall installed capacity in 2014. The government regulations favoring the PV installations are projected to drive market growth in Europe. The increasing demand for solar cells in the utility and commercial sector is anticipated to augment market growth.

The decrease in PV prices is projected to explore new opportunities for crystalline silicon modules over the estimated period. In addition, advancements in technology in improving the operating efficiency of thin film solar cells are anticipated to increase its demand in commercial and residential applications.

The demand for the solar cell in North America was estimated to be over 20 GW in 2014. High PV installations owing to the rising consumer awareness towards benefits in cost associated with the renewable energy systems in the region is expected to drive market growth. However, lack of incentives and federal subsidy after 2016 is expected to witness a reduction in the installation in residential and commercial segments which is expected to hamper growth.

Competitive Market Share Insights

The major players in the solar cell market include First Solar Inc., SunPower Corporation, Indosolar Limited, Sharp Corporation, SolarWorld AG, Canadian Solar Inc., GreenBrilliance, Yingli Solar, SunEdison Inc., Tata Power Systems Limited, Borg Inc., and Trina Solar Limited.

The industry is a combination of companies integrated through different stages of the value chain particularly from raw material to module manufacturing. The companies operating individually supply the end-users either through their supply outlets (sales/distribution centers) or through distribution channels. In these cases, distributors act as connectors between end-users and companies, by providing technological assistance, aftermarket services, and logistics.

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Global Modified Starch Industry Situation, Outlook Analysis and Prospects Research Report by 2025

The global Modified Starch Market was valued at USD 9.36 billion in 2016 and is estimated to grow at a CAGR of 5.7% by the completion of the prediction period. Growing demand for convenience foodstuff and speedily increasing pharmacological manufacturing in the Asia Pacific are expected to motivate the development of the international market.

On the source of the Type of Applications, the statement concentrates on the position and viewpoint for foremost uses. It takes into consideration the intake in terms of sales, market stake, and development percentage of modified starch for respective use, including Fabrics, Papers, Foodstuff & Liquid Refreshment, Medicines, Animal Feedstuff, and others. The subdivision of Foodstuff & Liquid Refreshment held the leading stake of the market by means of income during the past year. Modified starch is utilized such as a thickener in sweet course, permitting the foodstuff to solidify by way of the adding of milk or cold water.

The modified starch market on the source of Type of Function could span Binders, Thickeners, Emulsifiers, Stabilizers, and others. With reference to income, the subdivision of Thickeners held the leading stake of the modified starch industry during the past year. It is expected to go up by a substantial CAGR above the prediction period.

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The modified starch market on the source of Type of Material could span Potato, Cassava, Wheat, Corn, and others. By means of capacity, corn centered modified starch subdivision held the most important stake of the market during the past year. It is expected to carry on leading and is expected to grow by a better CAGR above the period of prediction. Corn is one of the commercially available plentiful raw materials. Corn centered modified starch is broadly utilized as emulsifier, stabilizer, and thickening agent through a number of end use businesses.

The modified starch market on the source of Type of Product shows the Manufacture, Profits, Price, Market stake and Development percentage of respective category could span Pre-gelatinized, Resistant, Cationic, Starch Esters & Ethers, and others.

The modified starch industry on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage for the duration of prediction could span North America, Europe, Asia Pacific, Central & South America and Middle East & Africa.

By the source of geography, North America headed the market during the past year. Growing significance of low-slung fat nourishment in the U.S. is likely to power the provincial market. The U.S. is one of the most important manufacturers of corn and corn starch in the world. The market in the U.S. is likely to develop considerably because of greater manufacture and exports. Canada is the subsequent biggest supplier in North America. It is likewise estimated to motivate the market due to growing significance of animal feedstuff. Increasing demand from animal feedstuff and foodstuff & liquid refreshment manufacturing are expected to boost the provincial growth in neighboring period.

Encouraging strategies by the government in the occupation of farming indorsing usage of modified starch products and eye-catching funds have generated new-fangled development opportunities in the Asia Pacific. Nations like Taiwan, South Korea, China Japan and India, rest on farming to some level for financial development because of it is the most important supplier to their GDP. The Asia Pacific is responsible for the most important portion of the international manufacture, by way of speedy growth in developing markets. Progress of the Asia Pacific fabric manufacturing is likely to additionally motivate the provincial market.

The statement revises Trades in terms of intake of modified starch in the market; particularly in North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the field are Cargill, Incorporated, Emsland-Starke GmbH, Archer Daniels Midland Company, Global Bio-Chem Technology Group Company Limited, Avebe U.A., A grana Beteiligungs-Ag, and others.

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Encryption Software Market Overview, Growth Demand And Forecast Research Report To 2024

“The need to safeguard corporate data is driving the encryption software market”

By 2024, the global Encryption Software Market size is estimated to reach USD 8,402.9 million, which is growing at a CAGR of more than 14% over the forecast period. With the growth in the trends like Internet of Things (IoT) and Bring Your Own Device (BYOD), concerns about data security are on all-time high. These trends have further caused cyber-attacks, thefts, data breaches and commercial espionage which will drive the demand for protective software.

Developments in the terms of hardware and software in the fields of mobile technology and their increased penetration are further estimated to fuel the demand over the forecast period. The inclination of firms towards cloud computing, demand for sensitive data protection, high data volume requirements has led to increase in the demand of encryption software.

Verticals such as BFSI and healthcare are required to comply with stringent regulations set by authorities such as the PCI, HIPPA and DSS who have formulated data security solutions which has led to application of security solutions all over the world. Intellectual properties of enterprises and users have become prone to infringement and theft on account of increase in usage of internet and rapid digitization. These risks make companies implement the security solutions. Protection provided to the sensitive data and intellectual properties of enterprises is expected to drive the market over the next few years.

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However implementation of such solutions which are fairly expensive can cause challenges in the fields of budgets. Furthermore, application of these provisions is considerably time-consuming and complex, though the kind of security and safety provided balance-out the challenges such as time-consumption.

Due to well-established telecom and IT sector, North America consumed a major share. Generation of huge amounts of data that needs to be protected was the major reason behind this hiked consumption. Furthermore, increased usage of personal computers and the internet are expected to raise the demand of encryption software over the forecast period.

“Cloud encryption to witness substantial growth over the forecast period”

By 2024, the segment that is expected to witness a growth at CAGR of 19% is the cloud computing segment. Data storage being major resource of information for industries such as retail, finance and banking has caused them to incline toward cloud computing. Flexibility and scalability offered by these solutions are the main reasons for the adoption of encryption software.

At the same time with the increase in adoption of cloud computing, the need to protect the data has also escalated. Additionally, the propagation of expert data analytics has caused raise in the rate of internet usage leading to increased use of cloud encryption software. The regulated standards are set owing to the increase in the rate of growing cyber-attacks and mobile-theft.

“BFSI dominated the application segment”

BFSI segment in 2015 captured considerable market share consuming over $600 million and is expected to grow at CAGR of 15 % by 2024. Sudden spike in the number of cyber-attacks and the ever changing nature of the industry has resulted into increase in demand of security of financial data that is sensitive from theft and infringements by lowering risks and maximizing returns. The growth in adoption of cloud technologies in banking sector is expected to drive the market for next few years.

Traditional data transfer techniques such as DVDs, email and other data transfer techniques are adopted by banks for transferring the data which are highly risky keeping in mind the level at which the infringers operate. Increase in demand of such software is expected due to implementation of such techniques. Furthermore, rise in dependency on the online method of banking and the need to protect the transactions will fuel the need of encryption software over the forecast period.

“Asia Pacific to experience robust growth; China exhibits growth potential”

In 2015, the Asia-Pacific region accounted for $500 million which is expected to increase due to organizations shifting to cloud storage facilities due to their incapacity to develop data storage infrastructures, which will surely increase the risks of losses of data, infringements and thefts escalating the demand. Countries like China and India have tremendous rate of development manufacturing sector as well as IT and telecom sector which will drive the market in the forecast period.

“The encryption software market fragmented in nature”

The key players in the market are firms like Microsoft Corporation, Cisco Systems, Symantec, EMC Corporation, Bloombase, Sophos, IBM Corporation, Intel Security and Trend Micro. These firms offer solutions to both large scale businesses and small & medium scale businesses at the same time focusing on the research and development of newer techniques of cryptography to provide optimum solutions to the clients.

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Flow Cytometry Market Dynamics, Forecast, Growth Analysis And Supply Demand 2025

 Industry Insights

The global flow cytometry market size was estimated at USD 3.27 billion in 2016 and is anticipated to grow at CAGR of 10.6% in coming years. Key drivers of this market include increasing incidence of chronic disorders that requires toxicity testing for cancer tests and need for quick, accurate and sensitive prognosis techniques for the validation of disease.

Increasing awareness levels amongst healthcare experts and patients coupled with rising healthcare expenditures are major factors driving the growth. Furthermore, related benefits of cell-based assays including development in reagents and software employed for the study, ease-of-use and high sensitivity and reproductively are some other elements anticipated to boost the growth in coming years.

Technology Insights

Cell-based technology held the leading position in 2016. Rising demand for advance diagnosis and increasing awareness related to related advantages with cell-based analysis are the elements contributing to its leading position during the coming years.

Cell-based flow cytometry involves substantial usage in variety of research fields. This analysis is applied in the discovery of drug for physiological importance of results. Furthermore, it is utilized in clinical studies involving endothelial cells in blood, hematopoietic progenitor cells, and tumor cells in peripheral blood and tumour stem cells. In addition, they are utilized in the study for target identification and disease mechanism.

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Product Insights

In 2016, instrument segment was the market leader due to huge penetration combined with benefits such as user-friendliness, accurate result and cost-effective characteristic. Consumables and reagents, due to their high application in diagnosis of cancer are anticipated to account for high growth.

Instruments having application in flow cytometry include sample preparation devices, cell analyzers and cell sorters involving platforms for cell analysis and replaceable components such as detectors, filters and lasers. The development of new innovative technologies including the multi-color flow cytometers combined with the ability to detect up to eighteen cell parameters concurrently is amongst the causes leading towards growth.

Application Insights

This technology is used in industrial sectors, research and clinical diagnosis. Research segment held leading position in 2016 due to increasing R&D for cancer and other infectious diseases diagnosis and treatment. Flow cytometry has applications even in some other industries including plant tissue culture and food microbiology.

Clinical diagnosis is anticipated to be the fastest growing application segment by the year 2025. This growth is boosted by elements such as rising demand for cost-effective disease diagnostic tools and related advantages of these assays in disease detection.

End-use Insights

The commercial organization segment dominated the industry due to extensive applications in various verticals including plant cell culture, food microbiology and blood banks. The entry of reagents and multiplex probes for definite usage in diagnostics and discovery of drug is anticipated to benefit this vertical accompanied with development opportunities by offering the users in research and small- scale peripheral laboratories.

Hospitals are anticipated to grow at remunerative CAGR owing to rising number of diagnostic tests required by increasing prevalence of infectious and chronic diseases, beneficial and supportive reimbursement policies and rising awareness among patients.

Regional Insights

North America held leading position in 2016 owing to the availability of solicitous government initiatives for the growth of enhanced technologies pertaining to molecular diagnostics. Furthermore, presence of skilled experts and larger awareness levels are the other factors expected to drive the growth in regional market.

Asia Pacific is speculated to demonstrate lucrative growth over the forecast period due to rising solicitous government aid for the biotech industry growth. The economic development, increasing patient awareness level, persistently advancing healthcare infrastructure and presence of untapped opportunities are the factors contributing towards the fast growth in this region.

Competitive Insights

Some major players functioning in this industry include Agilent Technologies; Apogee Flow Systems Ltd.; Becton, Dickinson and Company; Beckman Coulter, Inc.; Bio-Rad Laboratories, Inc.; GE Healthcare; Luminex Corporation; Merck & Co., Inc., Miltenyi Biotec; Stratedigm, Inc.; Sysmex Corporation and Thermo Fisher Scientific.

The market is fierce in nature as major players are involved in persistent product development and alliances to help market penetration. Rising number of outsourcing service providers are anticipated to boost industry rivalry in the coming years.

Industry players are acquiring product penetration by establishing manufacturing plants in the untapped areas of developing countries. For instance, BD Life Sciences entered into collaboration with Seegene Inc. in September 2015, for the advancement of multiplex PCR reagents for BD max system in an inquest to attain more share.

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Medical Automation Market Growth Opportunities, Analysis And Forecasts Report To 2024

Industry Insights

The global medical automation market in 2015 was estimated to be at USD 34.21 billion. The major factors impelling the growth are rising adoption rate of automated equipment for therapy and diagnosis of chronic disorders. According to a report by WHO, chronic diseases are considered to be the leading cause of mortality globally. These diseases include respiratory diseases, diabetes, heart disease, stroke and cancer which accounts for around 60% of deaths.

As per a research published by NCBI, around 40.5% of the population in U.S. is predicted to suffer from one or more than one cardiovascular disease by 2030, leading to expansion of the patient base. Increasing adoption of automated devices can be attributed to the rising demands for reproducibility and accuracy in wide array of medical procedures.

Moreover, the rise in laboratory automation and benefits associated with automation in pharmacies is broadening the growth prospects further. These benefits include such as reliability, speed, reduction of errors in huge sampling and greater cost efficiency which is anticipated to positively impact future demand over the coming years. Furthermore, advent of technologically advanced products such as usage of robots in radio surgery, material handling in hospitals and others, are factors predicted to drive growth potential.

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Application Insights

The largest share of over 35.0% in application segment was held by therapeutic automation in 2015. The dominance can be attributed to consistent rise in the adoption rate of automated devices such as therapeutic dispensing systems, defibrillators, surgical robots, automated microscopes, portable imaging device and orthopedic navigation systems.

The high demand for automation while performing minimally invasive surgeries is expected to widen the scope for adoption of robotic surgical systems thereby fueling to the medical automation industry over the coming years. The advantages offered by these systems such as increase in process efficiency and enhanced patient safety. In addition, they can be used as standard emergency care which is predicted to drive the growth prospects and further broaden the penetration of these systems in future.

End-use Insights

The segment was dominated by hospitals & diagnostics centers segment in 2015 with a share of more than 25.0%. The dominance can be attributed to growing usage of automated devices in pharmacies & laboratories sufficing various requirements in diagnostic procedures.

Automation in hospital segment, particularly in tier 2 & 3 cities of emerging economies of the Asia Pacific region such as India is presenting with lucrative opportunities. For example, the Indian hospitals including Fortis and Apollo are aiming at providing automated healthcare services which are operational in the region.

Moreover, presence of various government agencies such as National Patient Safety Agency is striving for improvement in penetration of automation in hospitals, which is responsible for greater share garnered by hospitals.

Regional Insights

A substantial revenue share of over 43.0% was held by North America in 2015 as a consequence of increasing healthcare expenditure by government healthcare and life science sectors to promote research. Europe held the second largest market share owing to demographic shift in geriatric patient base, possessing greater susceptibility to chronic disorders thereby pushing demand for automated point-of-care testing.

Additionally, presence of various government organizations including Medicine and Healthcare Products Regulatory Agency which validates automated systems in pharmacies and devices with the regulations of the region is predicted to provide growth opportunities in the coming years. Asia Pacific is anticipated to witness attractive growth opportunities during the forecast period owing to the frequent upgradation in healthcare infrastructure, growing patient awareness levels and prevalence of cardiovascular diseases, orthopedic disorders, cancer and diabetes.

Competitive Insights

The prominent players include Danaher Corporation, Koninklijke Philips N.V., Siemens AG, Stryker Corporation, Intuitive Surgical Inc., GE Healthcare, Swisslog Holding AG, Medtronic Plc., Tecan Group Ltd., Accuray Inc. Competition in the industry is high as a consequence of prominent players undertaking strategic initiatives such as acquisitions, technological advancements, new product launch and collaborations. For instance, Tecan acquired Sias AG in November 2015, to expand the business for providing mechanization solution for laboratory.

Moreover, the competitive nature of the industry is also a result of high amount of investments in R&D, contracts and distributive agreements, which are anticipated to keep industry rivalry high throughout the forecast period. For instance, Accuray Inc. and medPhoton GmbH entered in collaboration in May 2016, to strengthen their sales and distribution network.

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Flame Retardant Market: In-depth Study by Key Reasons, Product Segments and Application to 2025

Industry Insights

The global flame retardant market size was valued over USD 6.27 billion in 2015. Flame retardant is a key component reducing the impact of fires on people, property, and environment. Flame retardants either prevent the fire from starting or slow it down significantly. The growth in industries such as construction, transportation, and electrical & electronics is expected to propel market demand over the forecast period.

Governments around the world have framed stringent regulations aimed at reducing destruction caused to life and property due to fire. Government regulation pressure and growing awareness regarding fire safety among industry participants are expected to boost market demand.

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Product Insights

The major product segments in the market are halogenated flame retardants and nonhalogenated flame retardants. Nonhalogenated product type was the major product segment in 2015 with demand exceeding 1,400 kilo tons. The consumption of these products is expected to grow rapidly owing to growing concerns about pollution caused by halogenated type.

Brominated products dominated the halogenated segment and accounted for more than 40% market share in 2015. In nonhalogenated type, Aluminum hydroxide was the largest product segment and its growing application in end-use industries is expected to augment demand for these products.

Application Insights

Polyolefin was the largest application segment in 2015 and accounted for more than 20% of the overall market. The high flame retardant loading capacity exhibited by polyolefins is responsible for their growing demand in end-use industries such as construction and electrical. The growing demand for high-quality coatings is expected to boost the application of epoxy resins. Epoxy resins consumption was estimated to be around 600 kilotons in 2015.

End-Use Insights

Flame retardants are used to reduce this risk of fire in a wide range of electronic products such as smartphones, laptops, refrigerators, TV sets, printed wiring boards, and vacuum cleaners. Rising disposable income is boosting the growth of electrical & electronics segment owing to which the demand for flame retardants is expected to be high in this application segment.

Construction end use segment is anticipated to grow at a CAGR of 6.8% over the forecast period on account of growing investments in developing countries. Fire safety and prevention is the primary concern of the consumers in construction, the demand is expected to grow rapidly over the forecast period.

Regional Insights

Asia Pacific was the major regional segment and accounted for over 45% of total volume in 2015. High demand from countries such as China, Japan, and India are benefitting the market growth. The upcoming electrical & electronics manufacturing hubs coupled with a positive outlook for construction sector is expected to drive the flame retardant market over the forecast period.

The growing pressure of regulatory agencies such as REACH and European Flame Retardant Association (EFRA) is driving the demand for these products in Europe. Europe consumed over 600 kilotons in 2015. The presence of a large number of end-use industries is expected to boost market growth in this region.

Competitive Insights

Key industry players include BASF, Albemarle, Chemtura, ICL, Clariant International Ltd., Italmatch Chemicals, Huber Engineered Materials, DSM & Thor Group Ltd. Major industry participants have focused their efforts on the acquisition of local companies to increase their global footprint. Companies are investing heavily in product innovation to gain market share.

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Construction Chemicals Market Growth Analysis by Region, Type, Applications And Competitive Landscape, 2024

Industry Insights

The global Construction Chemicals Market is anticipated to reach USD 67.61 billion by 2024, expanding at a 6.3% CAGR during the forecast period. Rising requirements from numerous end-use industries including residential & non-residential and infrastructure is expected to drive the market growth over the next nine years.

In addition, the market expansion is expected to be driven by rapid shift towards urbanization and rising focus towards infrastructure development in emerging economies. Moreover, government initiatives in emerging economies such as India are also presumed to drive the market growth.

On account of stricter environmental regulations, the market participants are focusing on research and development activities to come up with new products complying with guidelines established by various regulatory bodies. Application of biochemical as construction chemicals is at its initial stage, that could prove to be a revolutionary technology in future. Emerging countries such as India and China are presumed to fuel the market owing to various upcoming infrastructure projects under development. China was the major construction market accounting for over 20.0% of the global share in the year 2015.

The market growth is also expected to witness a significant growth on account of rising rate of mergers and acquisitions by major players in the market. In addition, technological innovations have resulted in the rise in usage of other specialty chemicals which consist of chemical flooring, surface coating chemicals, grouting compounds and structural adhesives.

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Product Insights

In terms of market volume share, concrete admixtures accounted for 64.07% in the year 2015 on account of its wide usage in concrete to strengthen its chemical and physical properties. Its applications include all types of constructions such as residential and non-residential infrastructure. The product improves the strength of the construction by providing strong durability, enhanced durability, chemical resistance and considerably lowering cement and water requirement.

Super plasticizers and plasticizers are broadly utilized as concrete admixtures. Super plasticizers are suitable for pre-stressed concrete as majority of the products are chloride free. Chloride causes an oxidation reaction with metals, which then causes corrosion, weakening the building structure.

End-use Insights

Infrastructure and non-residential industry accounted for over 60% of the total market revenue share in 2015. Construction chemicals are applied in non-residential segments such as hotels, office spaces, retail, erection of warehouse and industrial buildings. The growth for infrastructure activities is driven by government initiatives in developing economies which consist of India, China, Brazil and Mexico. In addition, the market growth is anticipated to be fueled by growing trend towards metropolitan developments caused an increase in the need for more residential buildings.

The expansion of the residential & non-residential segment is caused by growing per capita income together with strengthening economic policies in the emerging economies. Overseas investments have increased in the recent years in Asia Pacific, which is also propelling the growth.

Regional Insights

With a market share over 45%, the Asia Pacific region was valued as the largest market for the product globally in 2015. India and China are the key markets in the region contributing over 50% of the total regional market size. The growth of construction chemicals market is directly associated with the development of construction sector.

Asia is presumed to witness an investment of about USD 8.0 trillion by the year 2020 according to the Asia development bank. Growing urbanization trend and increasing disposable income of population in countries such as India, Vietnam and China has generated a necessity for better transport systems, water & sanitation facilities and buildings. Further, numerous international investors are focusing on re-allocating their capital in APAC.

Construction and infrastructure activities have seen a rapid growth in the country since the launch of 2011-20 Economic Transformation Program (ETP) by the Malaysian government. The construction sector in Vietnam was valued at USD 24.0 billion in the year 2012. All these factors are projected to result in the consistent growth of construction industry in APAC region, which in turn will cause a high growth of construction chemicals in this region.

Competitive Insights

The major players in the global construction chemicals market are FOSROC chemicals, BASF SE, Grace & Co., Arkema S.A., Dow chemicals, Pidilite Industries Ltd., Mapei S.P.A and RPM International Inc. The market is extremely competitive in nature with key players engaged in product innovation and R&D.

Market players are trying to enlarge their customer reach through various strategies which consist of new product launches and exhibitions. The U.S. based manufacturer, Dow Chemicals is a key player in this market. The firm manufactures a wide range of sealant products and adhesives. Strategic agreements and launching innovative products has helped the company to preserve their position in the construction chemicals market globally.

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Global Compressor Oil Market Analysis, Share, Growth, Industry Trends, Overview And Forecast To 2025

The global Compressor Oil Market is anticipated to reach USD 5.59 billion by 2025 and is estimated to develop at a CAGR of 5.1% for the duration of the prediction. The compressor oils confirm evener process and assist in dropping the idle time and overhaul of the machine. Furthermore, heat produced by compressors for the duration of processes outcome in additional power ingestion and wear & tear of the machine. These oils support in dissipation of the heat, maintaining the temperature of the compressor under in control.

The division of compressor oil market is based on the source of Type of End User. The market can be divided into Automobile, Oil & Gas, Power Generation, Manufacturing and other industries. The subdivision of manufacturing is the biggest customer of compressors, and hence, compressor oils are expected to observe the maximum demand from this segment. The growth of the subdivision can be credited to increasing actions of repairs and lubrication uses. Speedy industrial development in the area of Asia Pacific together with prosperous automobile manufacturing is composed to increase the trades of compressors, so increasing the demand for compressor oils above the prediction period.

The division of compressor oil industry is based on the source of Type of Compressor. The market can be divided into Dynamic Compressor, Positive Displacement Compressor. The positive displacement compressors, which includes reciprocating piston type and rotary screw type, are utilized in diverse areas of manufacturing comprising Mining & Construction machines, Petrochemical, manufacturing of Chemicals and Metal.

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The dynamic compressors are extensively utilized in Automobile Manufacturing, Mining, Purifying of Petrol, Treating of Foodstuff, Paper & Pulp manufacturing. Dynamic compressors consist of centrifugal and axial compressors. Increasing necessity for gas turbine upkeep facilities and oil processing plant procedures are expected to power the demand for the product in this section for the duration of the prediction.

The division of compressor oil market is based on the source of Type of Oil Base. The market can be divided into Bio-Based compressor oil, Semi-Synthetic compressor oil, Mineral compressor oil, Synthetic compressor oil. The synthetic oils are cleaner, not as much of costly, last for a long time, and a smaller amount of likely to adulteration as compare to conservative ones. Due to this, these oils are attaining reputation between industry members.

The division of compressor oils market is based on the source of Area. The division is done with respect to Trades in terms of intake, Profits, Market stake and Development percentage in these areas, for the duration of the prediction. The area wise division of the market comprises North America [U.S.A, Canada, Mexico], Europe [France, Spain, Germany, U.K., Russia], Asia Pacific [India, Japan, China, South Korea, Australia], Central & South America [Venezuela, Brazil, Argentina], Middle East & Africa [Iraq, Kuwait, Saudi Arabia, South Africa].

By the source of geography, the area of Asia Pacific was the prominent income donor in the international market during the past year, due to greater development percentage of most important end-use businesses for example fabrics, foodstuff treating, chemicals and metalworking, together with speedy suburbanization and industrial development. The provincial market offers various occasions to modernizers to present new-fangled goods by way of beneficial product features to knock into niche uses.

Reappearance in the industrialized actions, together with the transformation of manufacturing machines is composed to predict well for the market in the area of Europe for the duration of the prediction. The area is categorized by existence of nations for example Spain, Russia and France by means of deep-rooted and technologically advanced industrialized and automobile segments.

The demand in the area of North America is likewise mostly motivated by speedy industrial development in Mexico. This has appeared by way of a most important center of automobile manufacturing above the historical period. Low-slung prices and charges of manufacture because of nation’s far-reaching free trade contracts are firming up the prospective for Mexico to turn into a principal international base for export.

The statement revises Trades in terms of intake of compressor oil in the market. Particularly in the areas of North America, Europe, Asia Pacific, Central & South America and Middle East & Africa. It concentrates on the topmost companies operating in these areas and the nations. With reference to Trades, Price, Profits and Market stake for respective competitor in these areas. Some of the important companies, operating in the field on international level are Total SA, Royal Dutch Shell PLC, Fuchs Lubricants, BASF SE, Croda International PLC, Fuchs Petrolub AG, BP PLC, Sasol Limited, the Dow Chemical Company, Lukoil, Sinopec Limited, Chevron Corporation, ExxonMobil Corporation.

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