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Global spandex market size is growing at a CAGR of more than 8% from 2016 to 2023: Global Market Insights Inc.

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Global spandex market size was estimated at over 760 kilo tons in 2015 and is likely to exceed 1,550 kilo tons by 2023, growing at a CAGR of more than 8% from 2016 to 2023. It is also commonly known as elastane.

Asia Pacific, especially China spandex market size was the dominant region and accounted for more than 60% of the total volume in 2015. China accounted for a major chunk of the market in Asia Pacific region in 2015.

Dry spinning technology was majorly preferred among manufacturers over the past few years. Other process includes wet spinning, melt extrusion and reaction spinning.

Growing application scope in apparel and textile industry is likely to drive spandex market over the forecast period. They are used in textile manufacturing applications such as leggings, gloves, cycling jerseys and competitive swimwear. Spandex market price has witnessed to be weak in mid 2014 owing to ease of tight supply and low demand from downstream applications. The market is expected to grow with recovery in U.S. economy post recession.

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Strenuous movements are involved in active sports that may require garment stretch. This stretch can result in movement restriction for the wearer. This can be overcome by using spandex material. Factors such as superior elasticity, regaining to original shape, durability, lightweight, resistance to UV light is likely to favor spandex market demand.

Increase in automobile production, particularly in Asia Pacific is likely to drive market growth. Major automobile manufacturers are shifting bases to countries such as Indonesia, Thailand, India and China owing to cheap labor wages and favorable government incentive schemes. It is preferred for manufacturing door panel fabrics required to stretch and adhere to floor. Global automobile sales were estimated at 75 million units in 2011 and are likely to cross 90 million units by 2017.

Sportswear application is likely to witness highest gains over the forecast period. Technology advancement with moisture management properties coupled with performance efficiency is likely to benefit elastane market growth. Up to 3% of spandex fiber in fabric is enough for fabric improvement & shape retention whereas high performance garments such as swimwear is may contain 30%. Global sportswear market size was estimated at over USD 260 billion in 2013 and is likely to grow at a CAGR of over 7% up to 2023. Sportswear accounted for over 15% of the clothing industry.

Polytetramethylene ether glycol (PTEG) and MDI are raw materials required for spandex production derived from petrochemical feedstock. PTEG accounted for more than 70% in 2012 for spandex manufacturing application. It is widely used in Asia Pacific as the region is major manufacturer.

Stringent government norms to curb carbon footprints into the atmosphere are likely to hinder industry participant’s growth. Investments to develop products from renewable sources are likely to provide growth opportunity with stable raw material supply.

Invista, under the brandname Lycra, has recently introduced bio based spandex market for apparel and garment applications. Bio spandex contains approximately 70% of the sustainable feedstock made out of renewable butanediol from dextrose which is derived from corn. The company markets the product as a specialty product and sells at a premium rate than conventional Lycra.

Invista uses biobased 1,4-butanediol as raw material from Genometica’s developed technology which has successfully developed fermentation route for the chemical using E. coli  to metabolize sugar.1,4-butanediol is then synthesized to THF which is further used for PTEF production.

Asia Pacific market was the dominant and is likely to witness highest gains over the forecast period. China accounted for more than 50% of the global share in 2014 and is the major manufacturer for this market. In 2012, China had around 30 manufacturing units with a total capacity of 520 kilo tons and domestic production exceeding 320 kilo tons in the same year. 40D and 20D are major products manufactured in China.

North America spandex market share is likely to witness moderate growth rates owing to increasing sportswear demand in the U.S. Europe is likely to witness below average growth rates over the forecast period. Latin America is likely to grow at significant rates owing to growth in sportswear and apparel industry.

The global spandex market share is moderately consolidated and comprises of companies sucg as BASF, DuPont, Invista and Mitsubishi Chemical. Other major companies include Zhejiang Huafo, Dow Chemical, Yantai Bailu Chemical Fiber Co and Swan Fiber Co.

Browse Spandex Market Size, Industry Potential Outlook Report, Regional Analysis, Price Trend, Application Development, Competitive Landscape & Forecast, 2016 – 2023 report at:https://www.gminsights.com/industry-analysis/spandex-market

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Jack Davis

Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1 302-846-7766

Toll Free: 1 888-689-0688

Email:  sales@gminsights.com

Web:https://www.gminsights.com

Blog:https://gminsights.wordpress.com/

Identity and access management market size is forecast to be valued over USD 26 billion by 2022: Global Market Insights Inc.

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Body: Identity and access management market size is forecast to be valued over USD 26 billion at a growing CAGR of 15% by 2022. The new report by Global Market Insights covers restraints, drives, opportunities and challenges in the market with comprehensive analysis of present and future market. Increasing demand for cloud-native architecture and advanced network capabilities are the top driving factors of the IAM market.

IAM is a business security framework to ensure safe access to end users across manifold applications. A well defined process formulated to manage the information access highly improves the efficiency of any organization. IAM solutions help enterprises secure application systems with reduced time frame to permit access requests.

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Application Overview

The global IAM market is anticipated to witness noteworthy growth owing to surging demand across different application segments. Surging adoption of this scheme by government agencies as well as medium and large scale organizations is expected to further IAM market growth in the predicted time frame. Strict Government regulations and security standards, increased use of BYOT (Bring Your Own Technology) has led to boost the implementation of IAM services in IT & telecom sector. Increased use of mobile apps and cloud services is predicted to add to the complexity of IT.

Cloud IAM market share is anticipated to witness significant growth and is forecast to surpass USD 5 billion in the predicted time frame. Several applications including Google Apps, WebEx, Box.net, and Yammer are expected to present higher benefits over on-premise solutions. Public sector and utilities is expected to continue the dominance with a significant growth over the analysis period of 2015 to 2022.
Browse Identity and Access Management (IAM) Market Size By End-Use (BFSI, Education, Healthcare, Energy, Oil & Gas, Telecom &IT, Manufacturing Public Sector & Utilities), By Deployment (Hybrid, Cloud, On-Premise), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2015 – 2022report at:https://www.gminsights.com/industry-analysis/identity-and-access-management-market

Geographical Overview

The market has been analyzed on the basis of various regions. U.S. IAM market size is predicted to generate the majority of the global revenue in the next few years. Wide implementation of cloud by SMEs and advancement in enterprise IT infrastructure is expected to drive the Asia-Pacific IAM market to exhibit the fastest growth.

Competitive Overview

Identity and access management market share is occupied by companies including Net IQ, CA Technologies, OneLogin, Amazon Web Services, Centrify, Oracle, EMC Corporation ForgeRockInc, IBM, Dell Software, HP, and HID Global Corporation. The report covers the analysis of key market players to emphasize the potential opportunities and essential strengths in the market, and the key market strategies implemented by industry players.

 

The report features:

  • Drivers, restraints, challenges, opportunities, future growth potential shaping the IAM Market
  • Key developments and latest events in the industry
  • Competitive Analysis of business strategies of the key participants
  • IAM market estimates and forecasts (2015 to 2022)

 

About Global Market Insights:

 

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Jack Davis

Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1 302-846-7766

Toll Free: 1 888-689-0688

Email:sales@gminsights.com

Web:https://www.gminsights.com

Blog:https://gminsights.wordpress.com/

BYOD market size worth USD 94.15 billion in 2014 is forecast to reach USD 350 billion from 2015 to 2022: Global Market Insights Inc.

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According to new study based Report on Bring Your Own Device by Global Market Insights, BYOD market size worth USD 94.15 billion in 2014 is forecast to reach USD 350 billion from 2015 to 2022. The report provides granular quantitative information on market together with key BYOD industry insights.

Recently BYOD has been adopted across various verticals including logistics and retail, Telecom, IT, manufacturing, healthcare, public etc. This surging adoption of this system for enhancing organizational productivity is expected to drive the market growth.

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Increasing use of, tablets, and laptops is anticipated to have a positive impact on the market. Furthermore, the  proliferation of smartphones and 4G LTE is expected to fuel the market growth. A smartphone is expected to be the most preferred device, as it simplifies handling of both personal life and office work. The tablet segment is forecast to witness substantial growth over 130 billion in a predicted time frame.

Healthcare, financial services and insurance industry segments are predicted to be most key verticals. Moreover, both mid-to-large sized and small scale businesses have started adopting the system and are predicted to further the growth.

The report discusses the in-depth analysis of the Bring Your Own Device industry at the regional level, including India, Korea, Indonesia, Taiwan, Japan, Australia,  China, Singapore, New Zealand, Malaysia, Philippines, and U.S.
Browse Bring Your Own Device (BYOD) Market Size By End-Use (Small Businesses, Mid-To-Large Sized Businesses), By Device (Tablets, Smartphones, Laptops), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Landscape & Forecast, 2015 – 2022 report at:https://www.gminsights.com/industry-analysis/bring-your-own-device-BYOD-market

U.S. BYOD market is expected to continue its dominance with the largest market share in the projected time frame. Asia Pacific BYOD market share is likely to witness substantial growth, at a growing CAGR of 20% during the expected period owing to lower hardware expenses, and surging smartphone penetration.

 

The report covers competitive analysis of the market discussing the profiles, key market strategies of major market players accumulating major market share in the market are: Alcatel-Lucent, Cisco Systems, MobileIron, Good Technology,and IBM Corporation.

Increased productivity owing to growing use of personal devices is expected to trigger the market growth. Possible security threats, including device theft, challenges in tracking data and risk exposure, etc. need to be addressed to support the employees.

The report features:

  • Market Definition for BYOD along with restraints, drivers, challenges, opportunities and adoption of trends in the market

 

  • Market sizing and forecast

 

  • Segmentation of competitive market and assessments on a regional scale

 

  • Distribution channel assessment

 

  • Analysis with factors influencing the market landscape

 

  • Competitive Analysis of major market participants, company profiles and strategic activities

 

  • Pricing and substantiality trends

 

About Global Market Insights:

 

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Jack Davis

Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1 302-846-7766

Toll Free: 1 888-689-0688

Email:sales@gminsights.com

Web:https://www.gminsights.com

Blog:https://gminsights.wordpress.com/

Aerial Imaging market is forecast to witness growth over USD 2.5 billion in next few years: Global Market Insights Inc.

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Body: Aerial Imaging market is forecast to witness growth over USD 2.5 billion in next few years. Global Market Insights Inc. has pronounced an addition of a study based market report on Aerial imaging industry. The report covers product, regional and competitive market insights together with in depth analysis featuring market trends, revenues and factors such as drivers, restraints, opportunities and challenges that influence the market scenario.

Aerial photography is a high precision, yet cost effective procedure used across various verticals. The current market is well anticipated to see a strong growth over the predicted time frame. Demand for imagery data and associated geospatial data are important factors to drive the market growth. The advent of new technologies in aerial platforms and camera systems is expected to further the growth.

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This imaging has been associated with various applications including tourism, archaeology, natural resource management, disaster risk estimation, construction, cartography, journalism, ISR (Intelligence Surveillance and Reconnaissance), and defense and security. Increasing efforts to craft unmanned aerial mapping systems to lower costs has resulted in the rising consumer adoption across various applications and the trend of spectacular change in the industry is forecast to persist during the next seven years. Increasing privacy and safety concerns and threats owing to access to UAS and its misuse in various crucial government and facilities are projected to slow down the demand.

Browse Aerial Imaging Market Size By Application (Government, Agriculture & Forestry, Civil Engineering, Military & Defense, Energy, Insurance, Commercial), Industry Outlook Report, Regional Analysis, Application Potential, Competitive Market Share & Forecast, 2015 – 2022 report at:https://www.gminsights.com/industry-analysis/aerial-imaging-market

The government sector is projected to witness a substantial growth over USD 750 million during the forecast period. Surging adoption of this technology in various application areas like energy management, urban planning, homeland security and monitoring environmental studies etc. is expected to propel the market size.

The report covers the market analysis at the regional scale. Key regions included in the report are North America, India, Indonesia, Korea, Japan, Taiwan, China, Australia, New Zealand, Singapore, Philippines, and Malaysia. North America is forecast to continue to be the largest market share with increasing investments in technology advancements for defense sector coupled with development in the telecommunication industry.

The key market participants have been profiled with competitive details, including recent developments, business strategies and financial overview. The report covers in-depth analysis of market trends and future perspectives. Google, Eagle Aerial Imaging, AeroMetric, Kucera International, EagleView Technologies, and Landiscor Aerial Information are some of the important key players listed in the report.

Report covers:

  • Market drivers, barriers, and their impact on the market growth
  • Current and future market trends, market scope and segmentation
  • Value Chain Analysis
  • Analysis at the regional level
  • Strategic insights and market estimations
  • Competitive profiling and landscape

 

About Global Market Insights:

 

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Jack Davis

Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1 302-846-7766

Toll Free: 1 888-689-0688

Email:sales@gminsights.com

Web:https://www.gminsights.com

Blog:https://gminsights.wordpress.com/

The size of 3D scanning market is rising with CAGR of 11.5% between the years 2015 to 2022: Global Market Insights Inc.

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 The size of 3D scanning market has touched USD 2.43 billion in the year 2014 and is projected to go beyond USD 6 billion. The market is rising with CAGR of 11.5% between the years 2015 to 2022. 3D scanners are used for calculating the geometry of any object with the help of lasers. Its wide demand in industries like reverse engineering, quality archeology along with rapid prototyping is going to give it a significant boost in near future. This technology is also catering affordability with accuracy, thus adding few more reasons for its tremendous growth in next few years.

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Aren’t these figures showing the shining future of 3D Scanning Market? Yes, they are. 3D scanners with structured light have an ability to scan entire view within fraction of second, thus maximizing precision and minimizing distortion issue. These scanners cater quality inspection for ensuring accurate specifications. Increase in production of these cost effective scanners will have a positive impact on this industry.

 

Browse 3D Scanning Market Size By Range (Short Range, Medium Range, Long Range), By Product (Structured Light Scanner, Laser Scanner, Optical Scanner), By Application (Aerospace & Defense, Healthcare, Architecture & Engineering, Industrial Manufacturing, Entertainment & Media), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2015 – 2022 report at:https://www.gminsights.com/industry-analysis/3d-scanning-market

 

Reduction in hardware complexity of these scanners is because of technological advancements which has increased its demand in the market. It is extensively used in many existing and budding applications for high quality and best manufacturing throughput. It is likely that technology will become more accessible to customers which will enhance sales in future.

 

Prominent industries which are competing for market shares are Ametek, Maptek, 3D Digital Corp., FARO Technologies and Basic Software Inc.

 

  • Market size of 3D laser scanning reached USD 1.5 billion in the year 2014 and is expected to contribute in majority of industry shares till 2022.

 

  • Market size of optical scanners will continue to rise with a CAGR of 11% between years 2015 to 2022.

 

  • Market of short range scanners is expected to touch USD 2.8 billion till 2022 and is likely to occupy 46% of overall market share.

 

  • Exponential growth is expected to be seen in entertainment and media sector which is likely to touch USD 600 million till 2022 with a CAGR of 13% between the years 2015 to 2022.

 

  • With the increase in importance of 3D scanning market size, architecture and engineering sector is likely to capture 12% share till 2022.

 

  • Latin America is estimated to exceed USD 750 million till 2022 and is rising with a CAGR of 13% between the years 2015 to 2022.

 

  • Asia Pacific market of 3D scanning captured 23% of overall share in 2014 and is likely to go beyond USD 1.5 billion till 2022.

 

About Global Market Insights:

 

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Jack Davis

Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1 302-846-7766

Toll Free: 1 888-689-0688

Email:sales@gminsights.com

Web:https://www.gminsights.com

Blog:https://gminsights.wordpress.com/

Global synthetic and bio thermosets market size was over 16 million tons in 2015and is likely to witness a CAGR of over 5% up to 2023: Global Market Insights Inc.

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Global thermosets market size is expected to exceed 105 million tons by 2016. Key thermoset materials analyzed in this report include unsaturated polyesters resins (UPR), phenol formaldehyde (PF), polyurethanes (PU) and epoxy/polyepoxide resins. UP and PF accounted for over 30% of the total demand in 2012.

Polyurethanes market is anticipated to account for over 25% of the total demand by 2016 supported by the demand from major end-use industries such as construction, furniture, electronic and automotive.

Asia Pacific thermosets market was the dominant region and is anticipated to witness highest growth with an estimated CAGR of over 11% up to 2016. North America, especially the U.S. thermosets market is likely to witness significant gains, at over 10%.

Increase in construction spending coupled with automobile production particularly in Asia Pacific is likely to support opportunities for various applications such as paints & coatings, insulation and vehicle components manufacturing. This factor is likely to drive demand for thermosets such as, UPR, PU and epoxy resins, alkyd resins.

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Global PU market size was over 16 million tons in 2015and is likely to witness a CAGR of over 5% up to 2023. This market is likely to grow owing to its significant use in construction in the form of thermal insulators, flooring materials and sealants. PU rigid foam market is gaining considerable importance in industries owing to its excellent insulation properties.

PU is also used in automobiles for manufacturing seating and interior components such as armrest, headrest, headliners and dashboard. Trend towards adopting lightweight and high performance material in vehicle manufacturing to improve fuel efficiency is likely to drive its demand.

Increasing application scope of fiber reinforcement plastic (FRP) in construction industry is likely to drive UPR market demand. Global UPR market size was estimated at 4.6 million tons in 2015 and likely to witness CAGR of over 6% up to 2023. They are also used for manufacturing tanks & pipes in chemical industry owing to its properties such as hydraulic stability and superior heat resistance.

Thermosets such as epoxy and alkyd resins are widely used in paints & coating applications in major end-use industries such as construction and automobiles. Global epoxy resins market size was estimated at 2.49 million tons in 2014 and is likely to grow at a CAGR of over 6.5% up to 2023. Epoxy based paints & coatings dries quickly and provides protection, excellent hardness and tough coating. Alkyd resins are use for this application as they are compatible with numerous polymers to manufacture coatings, binders, lacquers, varnishes and paints, both transparent and semi-transparent.

Fluctuating prices of epichlorohydrin & bisphenol-A and MDI &TDI to manufacture thermosets such as epoxy resins & PU coupled with growing environmental concerns owing to increasing carbon footprints is likely to challenge market growth. To counter this, companies are investing in developing bio-based technologies to manufacture sustainable thermoset products.

Various renewable based raw materials such as natural oil (rapeseed oil, soybean oil, palm oil), glycerols, proteins, saccharides (glucose, fructose) and polyphenols (lignin, tannin) are used as feedstock for bio thermoset resin market. These raw materials are abundant in nature and are expected to maintain a steady market price with an increase in their demand and counter depleting of fossil fuel reserves. This factor is likely to drive bio thermosets market growth.

Bio-based epoxy is obtained from epichlorohydrin obtained from glycerol from renewable feedstock using GTE (glycerin-to-epichlorohydrin) process. Glycerol is also used for UPR production using 1,3-prpanediol (PDO). Several entities are working to develop and/or commercialize glycerin-to-propylene glycol technology. These entities include Cargil/Ashland, ADM, PNNL (Pacific Northwest National Laboratory), Virent Technologies, Dow Chemical and Huntsman. Ashland Performance Materials are the first to develop bio based UPR under the brand name Envirez derived from soybean oil triglycerides. Different grades of Envirez contain bio content ranging from 8-22%.

Bio based PU usually refers products derived from renewable source polyols. The bio content of polyols ranges between 30-100% as result the overall content in bio PU varies by 8-70%. Bio based polyols are majorly synthesized from vegetable oils. They are also obtained from lignocellulosic materials such as wood & forestry/agricultural waters, natural polyphenols and carbohydrates.

Asia Pacific was the leading region for consuming thermosets based on its demand from various end-use industries such as construction, automobiles and chemicals. China and India are likely to witness significant gains over the forecast period owing to the growth of automobile industry coupled with increasing disposable income. Japan is expected to be a fairly mature market with expected growth being moderate.  North America is likely to witness significant gains owing to favorable automobile norms to cut down vehicle weight by 45-50% by 2020.

Global thermosets market share is fragmented with presence of MNCs and domestic manufacturers across the value chain. Key companies include 3M, DuPont, BASF, Huntsman, Ashland and Dow Chemicals. Other prominent companies include Lanxess, DSM, AOC Resins, Performance Material Holding and Sika AG.
Browse Synthetic and Bio Thermosets Market Size, Potential Industry Outlook Report, Regional Analysis, Price Trends, Application Development, Competitive Landscape & Forecast, 2016 – 2023 report at:https://www.gminsights.com/industry-analysis/synthetic-and-bio-thermosets-market-

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Jack Davis

Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1 302-846-7766

Toll Free: 1 888-689-0688

Email:  sales@gminsights.com

Web:https://www.gminsights.com

Blog: https://gminsights.wordpress.com/

Global super absorbent polymer market size is likely to exceed 3.1 million tons by 2023: Global Market Insights Inc.

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Global super absorbent polymer market size was estimated at 2.07 million tons in 2014 and is likely to exceed 3.1 million tons by 2023 growing with an expected CAGR of over 5.5%. Super absorbent polymer market revenue is likely to be valued at over USD 11 billion by 2023.

Baby diaper was the leading application and accounted for more that 70% of total consumption in 2014. Agricultural applications are likely to witness highest gains with an estimated CAGR of over 5.8% by 2023 owing to superior water retention properties required for crops in rainfall/water scarce area.

Europe was the dominant region and accounted for more that 30% of SAP demand in 2014. Asia Pacific is likely to witness highest growth rates over the forecast period owing to populations expansion coupled with growing hygiene awareness among consumers.

Increasing baby diapers demand owing to growth in population and consumer awareness towards infant’s hygiene is likely to drive super absorbent polymer market growth. Global baby diapers market size is likely to exceed USD 55 billion by 2020.

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Companies focusing on manufacturing baby diapers focus on product thinness to ensure optimal comfort and minimizing environmental impact. To achieve this, companies are procuring SAP with highly absorbent cores and also reducing the weight of bulkier materials such as fluff pulp. Thinner baby diaper products are gaining considerable importance in key markets of North America and Europe. Thinner products also attribute lower freight costs ensuring manufacturers to stay competitive in the global market.

Favorable regulatory norms to encourage super absorbent polymer market use in agriculture applications in water scare areas likely to support growth. The use for this application is encouraged owing to its factors such as improvement in water use & efficiency, high water retention properties, enhance soil properties and increase in crop yield.

Increase in geriatric population particularly in Japan, Germany and the U.S. is likely to drive SAP market demand for incontinence products. Other major application areas include construction, wastewater management, oil & gas and packaging. They are also used in manufacturing medical dresses.

Synthetic SAP based products include polyacrlyamide copolymer, sodium polyacrylate, polyvinyl alcohol copolymers, and ethylene maleic anhydride copolymer. All these products type are used in numerous applications such as diapers, adult incontinence and feminine hygiene products. Polyacrylamine copolymer is likely to witness fastest growth rate owing to properties such as non-toxicity, high water retaining and absorption.

Volatile acrylic acid price and supply deficit are likely to challenge industry participant growth. Raw material deficit in the market is likely to increase manufacturing costs and bring down profit margins. To offset this scenario, companies are investing in the development of bio-based super absorbent polymer market.

Bio based SAP is manufactured using renewable raw materials such as starch, cellulose, natural gums and chitin. Bio-based super absorbent polymers market provides environmentally sustainable alternatives to fossil based materials but also offer effective moisture retention and absorbency for applications such as baby diapering, packaging, feminine hygiene and adult incontinence products.

Archer Daniels Midland Company (ADM) have launched newest generation of bio-based product such as BIOSAP, Lysorp 218 and Lysorp 220. ADM manufactures bio super absorbents for disposable personal hygiene applications.

Europe emerged as the dominant region is likely to witness moderate growth rates. North America was the second largest region is likely to witness steady gains over the forecast period.  Asia Pacific, especially India super absorbent polymer market, is likely to witness highest growth rates up to 2023 owing to growth in infant population and increasing disposable income.

Japan super absorbent polymer market was dominated by adult incontinence products in 2015 and was the second largest market in Asia Pacific. Middle East is likely to witness significant growth rates over the forecast period owing to growing baby diapers demand in countries such as Saudi Arabia, UAE and Qatar.

Global super absorbent polymer market share is consolidated with few companies catering to large part of the demand. Major companies are taking initiatives to increase their production capacity and enhance product portfolio.

Key companies involved in this market include BASF, Nippon Shokubai, Evonik, Sumitomo, and LG Chemical. Other prominent companies include Formosa Plastics, KAO Corporation, SDP Global Corporation, Yixing Danson Technology and Songwon Industrial Corp. Ltd.
Browse Synthetic and Bio Super Absorbent Polymer (SAP) Market Size, Industry Potential Outlook Report, Regional Analysis, Price Trend, Application Development, Competitive Landscape & Forecast, 2016 – 2023 report at:https://www.gminsights.com/industry-analysis/synthetic-and-bio-super-absorbent-polymer-sap-market

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Jack Davis

Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1 302-846-7766

Toll Free: 1 888-689-0688

Email:  sales@gminsights.com

Web:https://www.gminsights.com

Blog: https://gminsights.wordpress.com/

Control cable market size is forecast to experience substantial growth prospects from 2016 to 2023: Global Market Insights Inc.

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Control cable market size is forecast to experience substantial growth prospects from 2016 to 2023. Surging significance in numerous industry sectors such as automation and process control systems is likely to propel demand. U.S. control cable market share is anticipated to record considerable growth rates over the forecast period.

These are mainly designed to be used as interconnecting cable in various industry applications. Increasing demand for these products from the building & construction industry as well as rail & transport networks is likely to drive control cable market growth over the next seven years.

Key product types include CY/screened flexible, YY/unscreened/unshielded, and SY/shielded flex cables. CY product types provide interference-free transmission applications and are ideally deployed for space saving installations. They protect the outer layer from mechanical stress and external electromagnetic influences and are used to interconnect cables for controlling, measuring, and regulating the control equipment for assembly lines, office machines & systems for data processing and production. The application ranges from conveying and transport systems, servo drives to electromagnetic interference (EMI) critical environment.

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YY control cable market finds application in light mechanical stress areas due to their versatile nature. These are suited in various environments such as in outdoor applications when dry & protected and also for indoor applications in moist conditions. They are also usually used in space saving installations on account of small diameter. Major applications include conveyor systems, production lines, machine tool manufacturing, and air conditioning systems. They can be used in fixed installations or flexible use, with the latter preferred mainly in production lines.

SY control cables offer high reliability and mechanical protection. In addition, they also provide high electrical performance as they have 4KV test voltage. The galvanised steel wire braid contributes to its high durability and ultra strong nature. These are mainly used in industries such as construction & industrial machinery, air conditioning installations and plant engineering. Furthermore, it also finds application in mechanical stress as well as fixed installations. Other use cases include outdoor applications as a result of high efficiency in dry or damp environmental conditions.

These multi core products are flexible and have class five copper conductors. They operate at 300V or 500V voltage ratings and are available in low smoke zero halogen and PVC versions. The aforementioned features are likely to drive control cable market demand over the forecast period.

On the basis of energy chain, the industry can be segregated into PUR, PVC, and TPE. PVC (Polyvinyl chloride) cables have outer jacket covering. PUR (Polyurethane) have PUR outer jacket and have minimum bending radius of 5 to 12.5 x cable diameter. TPE (Thermoplastic Elastomers) have TPE outer coating and minimum bending radius ranges from 4 to 5 x diameter.

Escalating demand from specialized applications such as marine, agricultural, construction plant, bulk handling equipment, motor sport, and road transport industries is predicted to positively impact control cable market size from 2016 to 2023.

Asia Pacific is expected to witness substantial growth. Increasing demand for these products from emerging economies is likely to drive regional growth. India control cable market size is forecast to be one of the most attractive regions owing to existence of numerous independent manufacturers that specialize in manufacturing and designing of products. Product innovation accompanied by technological advancements across various segments is predicted to positively impact industry growth over the next seven years.

Major industry participants include General Cable Technologies Corporation, Belden, Multi/cable Corporation, Orient Cables, Nexans, Prysmian, Teldor, Techno Flex Cables, Thermo Cables, and Texcan.

Other industry players are Datafield Industries, Wan Shun Electronics, Gold Cup Electric Apparatus, Tongxiang Xinyihong Electric, Aceharness, and Dongguan Heyi Electronics.
Browse Control Cable Market Size, Industry Analysis Report, Regional Outlook, Application Development, Competitive Landscape & Forecast, 2016 – 2023 report at:https://www.gminsights.com/industry-analysis/control-cable-market  

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Antifouling agent market size was over 85 kilo tons in 2015, and is expected to exceed 125 kilo tons by 2023: Global Market Insights Inc.

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Body: Antifouling agent market size was over 85 kilo tons in 2015, and is expected to exceed 125 kilo tons by 2023, growing at a CAGR of more than 4.5% from 2016 to 2023.
Middle East and Africa (MEA) antifouling agent market size was valued at more than USD 20 million in 2015 and is anticipated to increase further due to increase in capital expenditure for the offshore vessels development in Nigeria, Saudi Arabia, and Angola.

Europe antifouling agent market demand was above 5 kilo tons in 2015. Countries including the UK and Italy where high penetration of yacht manufacturers is noted is likely to be among the key factors to drive the demand in the region.

U.S. antifouling agent market size witnessed demand of more than 2.5 kilo tons in 2015 and is projected to observe significant growth over the forecast period. Increase in unconventional sources production such as tight oil and shale gas in Canada and the U.S. is expected to favorably impact the industry.

Asia Pacific accounted for over 82% of the overall share in 2015. Marine industry growth in China, South Korea, Japan, Philippines, and Taiwan is likely to foster demand in the region. India and Australia emerging as manufacturing hubs for shipping vessels due to government support for promoting investments at the domestic level is anticipated to augment growth.

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Marine antifouling agent market size may witness strong growth over the forecast period. These coatings or paints are applied to marine vessels in order to prevent corrosion; it also helps to improve performance and durability of vessel. Submerged surfaces are affected by bacteria, algae, invertebrates, and diatoms that increase hydrodynamic drag resulting in decreased operational speed & range, and additional fuel consumption. Sometimes, damaging marine organisms get transferred by ships to other areas.

Special chemicals such as organotin compounds, biocides and copper are used to formulate these agent coatings which help in preventing the growth of marine organisms. Protection against corrosion, fouling, and external contamination coupled with increasing condition-based monitoring trend over non-consistent preservation in shipping industry is likely to propel demand.

Antifouling agent market applications are segmented in to shipping vessels and drilling rigs & production platforms. Shipping vessels accounted for over 75% of the global volume in 2015. These paints and coatings are applied in order to enhance vessel performance and strength.

Drilling rigs & production platforms segment is anticipated to grow at a significant rate due to increase in spending for Floating Production & Offloading (FPSO) vessels by the oil & gas industry. Growth in production and exploration of natural gas & crude oil in India, China, and Thailand is likely to be among the key factors to drive demand in the region.

Increase in industries’ preference for eco-friendly products owing to stringent environmental regulations is likely to restrain the industry. Moreover, the raw material price fluctuation is anticipated to impact the antifouling agent market price trend.

Commercial ships mainly use coatings that consist of synthetic chemical compounds which can harm the environment. The prevention on the use of these coatings led to biologically derived antifouling options which may help to provide the biomimetic and natural antifouling surface coatings. Biomimetic method is likely to promote innovations into developing and designing of non-toxic antifouling technologies.

Antifouling agent market share consist of PPG Industries, AkzoNobel, Sherwin-Williams, Jotun, Hempel, Advance Marine Coating, Nippon Paint, and Kansai Paint, In August 2015, Jotun launched new production facility in Rio de Janeiro, Brazil specifically for marine coatings. This manufacturing unit is projected to generate over 9 million liters of marine coating products, together with antifouling products.

In 2014, Hempel launched two products for shipyard buildings and dry dockings with the focus on fuel savings. New product development is projected to be a key success factor for companies operating in the industry. In 2011, Biomimetics-Innovation-Centre (B-I-C) produced a palm seed derived non–toxic antifouling coating. R&D commencement to formulate coatings from natural materials such as palm oil is anticipated to create new growth opportunities.
Browse Bio Adipic Acid Market Size, Industry Analysis Report, Regional Analysis, Downstream Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2016 – 2023 report at:https://www.gminsights.com/industry-analysis/antifouling-agent-market

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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50% off until oil hits $50 a barrel

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The price of oil has surged due to various disruptions around the world. Production rates have reduced in Nigeria due to militant attacks on major producing facilities; such as the Chevron-owned facility in the Niger Delta. The facility is currently shut-in and the company is assessing the situation.

Along with the crisis in Nigeria, Venezuela is facing its own problems. Venezuela depends on oil revenues for more than 95% of its foreign income and its reserves have dwindled to US$20 billion. The consequence of these destructive happenings has flipped the coin in regards to this year’s expected non-moving oil price.

On Monday morning a major market forecaster, Goldman Sachs, raised its short-term price outlook and made a bold statement, “the oil market’s oversupply problem may have come to an end.”

This slight positivity was generated due to both benchmarks being up roughly by 18%. Brent was at US$48.69 and WTI trading was at US$47.06, extending to highs not seen since October 2015. Goldman Sachs estimated that the current oil price could go as low as US$20 a barrel, just a few months ago, due to global oversupply. Now, the company said it saw crude trading as high as US$50 a barrel in the second half of 2016.

This spurt in optimism has encouraged Red Mist Media to provide an exciting offer for new clients. We are offering 50% off of regional subscriptions to our oil, gas and petrochemical project tracker until the Brent oil crude price hits US$50 a barrel.*

With our online global project tracking database, POGP, we can help you find those cost saving opportunities. ProjectsOGP contains information on over 5,000 Downstream, Midstream and Upstream projects. The project tracker follows the lifecycle of each project and reveals company involvement and interests. All the information is yours once you subscribe and can be exported in PDF or Excel form.

Our trained team of data analysts will provide you with factual project information that prevents your own employees wasting their work time on research. This means they can prioritise their time on finding missed opportunities that can save you money. ProjectsOGP also gives you the entire history of the project you are searching. This in itself is a great timesaver and contains valuable information which could help with future decisions.

Let us help you, with bringing information to your door at a competitive price. Our dedicated team carefully select the data to provide our clients with the most useful and recent information. Although the oil and gas sector has gone through dark times, there is movement in this area. Our project tracker is updated daily with an average of 65 updates and 6 new projects per week.

We also have Snapshot reports available if a full year subscription is not within your budget. The reports are a static collection of project updates and details from the ProjectsOGP system, available in a PDF portfolio. They are divided and priced in 3 bands according to popular regions and the amount of information given.

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*Terms and conditions: Offer only available until a barrel of Brent Crude reaches US$50 as listed on: oil-price.net. Offer only available to new clients and regional subscriptions. Promotion expires on October 31 2016.

Automotive composites market size was estimated at more than USD 3 billion in 2015 and is likely to exceed USD 7 billion by 2023 at a CAGR of over 8.5%: Global Market Insights Inc.

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Body: Automotive composites market size was estimated at more than USD 3 billion in 2015 and is likely to exceed USD 7 billion by 2023 at a CAGR of over 8.5%. Asia Pacific automobile composite market size was the largest with more than USD 1.8 billion with an expected growth rate of over 8.5% up to 2023.

Increasing preference towards passenger vehicle fuel efficiency coupled with product differentiation for vehicle aesthetics is likely to drive automotive composites market share. Increasing awareness towards lightweight material manufacturing for applications in interior and exterior vehicle components is components thereby reducing overall fuel consumption are likely to drive demand.

Consumers prefer to purchase fuel efficient vehicle in order to counter rising crude oil prices. Global automotive sales were estimated at more than 80 million units in 2012 and are likely to exceed 100 million units by 2018. Global automotive plastics market size is expected to cross USD 53 billion by 2023.

Automotive composites offer impact & heat resistance and lower the overall automobile weight, particularly in hybrid and electrical cars. Properties such as high tensile strength, ease in manufacturing, surface tension and corrosion resistance are ideal for manufacturing fuel-efficient and lightweight vehicles.

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Global increase in carbon footprint owing to vehicle emissions has prompted numerous automobile regulatory bodies to adhere to environmental norms. Vehicle weight reduction is seen as priority by automobile manufacturers as it curbs carbon emissions. Reducing vehicle weight by 450 kg enables approximate 40 gram reduction in COand helps in increasing the fuel efficiency by 8% to 12%.

Recyclability issues coupled with high raw material pricing is likely to hamper automotive composites industry profitability.
Increase in population coupled with rise in disposable income particularly in countries such as China, India, Thailand, Indonesia and Brazil is likely to fuel passenger & commercial vehicle demand. U.S. automotive composites market share was steady, with vehicle density of 800 vehicles per 1000 people. Compared to 15.6 million vehicles manufactured in 2013, the country saw an increase in production up to 16.5 million in 2014, which is expected to reach up to cross 17 million units in 2016.

Major automotive composite product segment include MMC (metal matrix composites), CMC (ceramic matrix composites) and polymer matrix composites (PMC). PMC is further segmented into carbon (CRPF) and glass (GRPF) based fiber reinforcement polymer composites. CRPF is likely to witness highest gains of over 20% up to 2023 owing to growing application scope in new vehicle models to increase the fuel efficiency. Metal matrix composites (MMC) market size is likely to exceed USD 435 million by 2023.

Automotive composites application segment includes engine & powertrain components, exterior and interior components. Exterior components was the largest application segment over the past few years owing to increasing demand for aesthetic & attractiveness appeal of passenger vehicles. Exterior component applications are likely to be worth more than USD 3.5 billion by 2023. Engine & powertrain components are expected to witness highest gains over the forecast period.

Automobile composites market is also segmented on the basis of technology namely manual, continuous, injection and compression.

Asia Pacific was the dominant region in 2014 and is likely to witness highest gains over the forecast period. Shift of automobile manufacturing bases in countries such as China, India, Indonesia and Thailand is likely to drive regional demand. These countries are expected to benefit owing to favorable government regulations in the form of tax incentives and cheap labor wages.

Europe is likely to witness moderate growth over the forecast period. Stringent environmental regulations are likely to favor growth in this region. UK, France and Germany automotive composites market is likely to witness steady gains owing to presence of automobile manufacturers such as BMW and Renault. North America is likely to witness steady gains over the forecast period owing to increase in consumer spending capacity post recession.

The global automotive composites market share is highly consolidated with top four manufacturers catering to more than 70% of the total demand. Key companies operating in this market include Toho Co. Ltd, Toray Industries, SGL and Mitsubishi. Other prominent companies include SAERTEX GmbH, Cytec Industries, Koninklijke Ten Cate N.V, Johnson Controls, Johns Manville, Teijin Limited, UFP Technologies, DuPont and Scott Bader.
Browse Automotive Composites Market Size, Industry Analysis Report, Regional Outlook, Application Development, Price Trend, Competitive Landscape & Forecast, 2016 – 2023report at:https://www.gminsights.com/industry-analysis/automotive-composites-market

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Australia solar PV market size is estimated to exceed 5 million units by 2030 with over 16 GW additions till 2030: Global Market Insights Inc.

 

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Australia solar PV market size for residential and commercial sectors is estimated to exceed 5 million units by 2030 with over 16 GW additions till 2030. In 2014, the region has over 1.2 million systems with total capacity of 3.1 GW. The industry is likely to witness significant gains in this region owing to the surge in demand from residential and commercial sectors.

In 2015, highest installation of 69 MW solar PV was recorded in a month in this region. The rising trend towards commercial solar PV market size continued with the installation of more than 75 kW systems and accounted for over 30% of the total share in Australia, with expected growth in 10 kW to 30 kW in the major regions such as South Australia and NSW. The slowdown in the residential solar PV market had been compensated by growth in the commercial sector. The renewable energy is estimated to account for over 49% of total capacity by 2030, and about 33%, by generation.

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Supportive government policies and initiatives couple with increasing demand for solar systems mainly in residential applications is likely to surge the demand growth over the forecast period. However, high cost of storage, power and installation conversion devices along with inadequate number of certified installers is anticipated to hinder the industry growth over the coming few years. Decreasing costs of solar systems and energy storage devices is forecast to offer huge potential opportunity to the demand growth from 2016 to 2023. In addition, increasing prices of fossil fuels is also anticipated to act as the opportunity to boost the industry growth over the forecast period.

In 2014, Australia solar PV market size continued to make swift progress in the direction of competitiveness in the electricity sector. Declining solar PV cost with the increasing electricity cost has helped drive momentum towards dynamic grid parity. The revenues generated or savings occur in electricity cost by selling PV electricity are almost equal to or higher than the long term cost incurred during financing and installing a PV system. Rooftop solar is the prime factor which is anticipated to augment the regional market over the forecast period.

Demand is primarily driven by countries such New South Wales, Victoria and Queensland. The electricity load in anticipated to rise in Queensland region mainly at peaks times owing to the construction of large scale solar PV system over the forecast period. Increasing uptake of air conditioners is also like to surge the demand growth in the region. The cost of large scale certificates for solar plant in the region would require around USD 23 per MWh, whereas wind projects in NSW region would require more than USD 40 per MWh. On the large scale, it is expected that the wind, LRET and solar PV would acquire over 50% of the total capacity. Large scale solar PV technology is likely to grow at significant gains owing to increasing investments from the manufacturers.

The Australia photovoltaic market can be segmented on the basis of type which includes organic and inorganic PV. The industry can be further segmented on the basis of component which includes crystalline silicon PV cells, modules, thin film PV cells, optics and trackers. In addition, by application, the industry can be bifurcated into ground mounted, industrial, commercial and residential. Furthermore, the industry can be segmented as technology which includes thin film, mono-Si, ribbon-Si and multi-Si. In 2014, the Si wafer technology accounted for over 92% of the total fabrications. The industry share of multi-crystalline technology was valued around 56% of total productions. The share of all thin film technologies accounted for more than 9% of the overall production in 2014.

The major competitors for Australia solar PV market share include Jemena, United Energy, CitiPower and Powercor Australia, ActewAGL, AusGrid, The Endeavour Centre, Energex, Horizon Power, SP AusNet, Western Power, Power and Water, Aurora Solar Inc., SA Power Networks, Powercor, Essential Energy and Ergon among others. In 2014, Jemena was the leading manufacture closely followed by United Energy and Citipower.
Browse Australia Solar Photovoltaic (PV) Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Landscape & Forecast, 2016 – 2023report at:https://www.gminsights.com/industry-analysis/australia-solar-pv-market

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Acrylic acid market size to exceed 8.7 million tons by 2023: Global Market Insights Inc

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Increasing awareness towards products derived from renewable sources coupled with depleting petrochemical reserves is expected to drive bio acrylic acid market size. Acrylic acid market size was estimated at over 5.5 million tons in 2015 and is likely to exceed 8.7 million tons by 2023 growing at a CAGR of more than 5.5% from 2016 to 2023.

With successful implementation of green route, bio acrylic acid market commercialization is expected to reduce manufacturer dependency on propylene with alternative feedstock such as glycerol, corn, and sugar. Some process are expected to derived a fully bio based routes while other process can use a combination of chemical conversion and biosynthesis.

Acrylic esters market dominated the industry and accounted for over 55% of the total demand in 2014 and is likely to grow at more than 5.5% up to 2023. Glacial acrylic acid market accounted for more than 35% of the total demand in 2014 and is likely to witness highest gains over the forecast period.

Personal care products were the dominant end-user industry segment and accounted for more than 30% of the total volume in 2014. Surfactants & surface coatings accounted for more than 16% of the total demand and is likely to witness highest gains of over 6% up to 2023.

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Industry participants are focusing to derive products from renewable and sustainable chemicals which have resulted in the development of various green routes for bio acrylic acid production. Being a green process, these bio based routes also offer to hedge against raw material prices of propylene and ethylene. Cost is a critical factor for industry penetration, acrylic acid market price trend saw a surge in 2015 and is likely to remain stable over the next year.

There can be an upward pressure in propylene prices where the manufacturers are relying on shale gas to extract low cost ethylene and propylene which depends upon the naphtha pyrolysis. Currently, the manufacturers are obtaining acrylic acid through a two stage based propylene oxidation technology in which the license holders are investing to develop a cost effective process through optimized parameters, new catalyst formulations and reactor design modifications.

Favorable government regulations to develop sustainable products in the form of funding and stimulus packages are also likely to support bio acrylic acid market size. Industry success and market momentum to develop bio routes are however limited by knowledge and experience of technology developers. This factor have resulted a witness in joint-ventures and key-partnership development over the past few years in order to benefit from the ongoing process.

Bio acrylic acid production via 3-hydropropionic acid (3-HP) have witness two strategic partnerships from industry leaders such as Dow &OPXbio and Cargill &Novozymes. These companies have individual strengths such as established distributed & international market presence and other with strong hold in bioengineering or biosynthesis process.

For instance, Novozymes can leverage from Cargill’s understanding on agri-business to source feedstock for technology development. Dow can provide OPXbio the desired funds, industry experience and design capability for processing and product purification.

Bio acrylic acid market share can be characterized by fragmentation level among technology developers for adopting different sustainable routes from distinct raw materials for product development. The development of the bio based routes is also dependent upon the high yield coupled with cost competitiveness against conventional propylene technology. The success of the bio based routes is mostly dependent upon the initial feedstock.

Key companies such as Nippon Shokubai and Arkema have invested to develop bio based acid from glycerin/glycerol. The pilot scale production was success but the further implementation of the process is dependent upon the availability and cost of glycerol which is majorly influenced by government legislatives for bio fuel production. Glycerol is a byproduct from biodiesel production.

Novomer is developing bio-adaptable process which uses proprietary catalysts for polypropiolactone production from ethylene oxide derived from renewable or petrochemical based sources. Glacial acrylic acid can be derived from polypropiolactone via pyrolysis. This provides Novomer to develop facilities to operate simultaneously in petrochemical and bio based process. This unique process may allow Novomer to hedge against market volatility and as well as provide advantage when the industry is moving towards capturing bio acrylic acid market share, where renewable feedstock are cost competitive and readily available.
Browse Bio Acrylic Acid Market Size, Downstream Potential, Industry Analysis Report, Regional Outlook, Application Development, Price Trend, Competitive Market Share & Forecast, 2016 – 2023report at:https://www.gminsights.com/industry-analysis/bio-acrylic-acid-market

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Benzoic acid market size was estimated at over 480 kilo tons in 2014 and is likely to exceed 620 kilo tons by 2023: Global Market Insights Inc.

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 Benzoic acid market size was estimated at over 480 kilo tons in 2014 and is likely to exceed 620 kilo tons by 2023 with gains of over 3.2% from 2016 to 2023.

Food & beverages applications dominated benzoic acid consumption in the form of derivatives such as sodium benzoate and potassium benzoate and accounted for more than 45% for the total volume in 2014. This application is likely to grow at an estimated CAGR of over 2.8% up to 2023. Most of the commercial benzoic acid is also consumed in phenol production. Plasticizer applications in the form of benzoate plasticizers are likely to witness highest gains of over 9% up to 2023.

Asia Pacific was the dominant region and accounted for more than 60% of the total volume in 2014 and is likely to witness significant gains over the forecast period. Europe was the second largest region and accounted for over 20% of the total demand in 2014. North America, particularly, the U.S. benzoic acid market size accounted for over 10% of the total volume in 2014 and is likely to witness steady gains over the forecast period.

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Increasing demand of preservatives to improve shelf life of the products coupled with growth in food & beverages industry is likely to drive benzoic acid market price trend over the forecast period. Consumers are shifting preference towards adoption of convenience food and ready-to-drink (RTD) beverages owing to hectic lifestyle particularly in key regions such as Europe and North America. Packaged food & beverages are gaining popularity with increase in availability of different product ranges. This factor requires food & beverages to be safe for consumption after days or weeks of production.

It acts as preservative in food & beverages products such as fruit products, baked goods, cheese & frozen dairy owing to the property for inhibiting growth of bacteria, mol and yeast. This anti-fungal nature of benzoic acid also makes it ideal for applications in personal care & cosmetic industries such as powder, mouthwash, facial cleanser and lipstick. It is also an important ingredient for pharmaceutical applications such as ointments, lotions and creams.

Benzoic acid is one of the important feedstock used for phenol production. Phenol is majorly used as a chemical intermediate for manufacturing bisphenol-A, caprolactam, phenol-formaldehyde resins, aniline, 2, 6-xylenol and alkyl phenols. Global phenol demand in 2013 was more than 8.5 million tons out of which most of the product derived through cumene process using benzene and propylene as feedstock. This represents a huge opportunity for development of benzoic acid market share when utilized for phenol production.

Growing importance of phthalate free plasticizers is likely to support benzoic acid market growth. Benzoate plasticizer such as glycol, diethyeleneglycol and triethylene glycol ether is used to substitute phthalate plasticizers in numerous applications such as cables, hoses and films.

Volatile raw materials price of toluene which is linked to crude oil prices is likely to affect industry profitability. Investment in product development for niche application is likely to provide growth opportunities for industry participants.

Asia Pacific has been the largest consumer over the past few years. Increase in per-capita disposable income levels coupled with shift towards dependency on processed foods and RTD beverages particularly in China and India is likely to drive regional demand. Asia Pacific is also likely to gains significant gains over the forecast period owing to increase in phenol production coupled with growth in end-use industries such as food & beverages, personal care and pharmaceuticals.

North America is likely to witness steady growth rate over the forecast period. Substitution of phthalate plasticizers by benzoate plasticizers owing to stringent government regulations is likely to favor growth in this region. Benzoate plasticizers are expected to witness an increase in demand in North America over the forecast period owing to the aforementioned reason.

The global benzoic acid market share is moderately consolidated and is characterized by prize and services provided. Key companies operating in this market include Novaphene, HuangshiTaihua Industry, ShriHari Chemicals, Sinteza S.A., Chemcrux Enterprises Ltd and Emerald Kalama Chmeical. With low crude prices, the industry may see a surge in benzoic acid production capacity and exports.
Browse Benzoic Acid Market Size, Industry Analysis Report, Regional Outlook, Application Development, Price Trend, Competitive Market Share & Forecast, 2016 – 2023report at:https://www.gminsights.com/industry-analysis/benzoic-acid-market

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Automotive selector lever market size is expected to be driven by the global increase in vehicle sales over the forecast period: Global Market Insights Inc.

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 Automotive selector lever market size is expected to be driven by the global increase in vehicle sales over the forecast period. In 2014, global automotive production was around 67.53 million cars and 22.22 million commercial vehicles while, over 71.15 million cars were sold in the same year. Volkswagen is the leading passenger car manufacturer followed by Toyota and Hyundai respectively. However, Toyota was the leading manufacturer of passenger cars in terms of sales in 2014. The company recorded the sales for around 10.23 million units in the same year. This should boost the global automotive selector lever market size over the forecast period.

These leavers are mainly utilized in the vehicles to facilitate the driver or user to adapt to gear shifting process. Increasing need for limited space, ergonomic comfort, electronic automation and weight reduction is likely to propel growth over the forecast period. In addition, rising safety features for automotive gear levers is anticipated to offer potential growth opportunities for this industry. The gear leavers are segmented into mono stable levers, mechatronic levers and miniaturized levers in order to execute the necessities for automotive applications. The gear levers are primarily poisoned in the middle console of a vehicle in order to attain optimal ergonomics for energetic driving experience. In addition, it facilitates both manual and automatic gear switching.

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Electronic gear shifts coupled with special knobs are expected to pose the threat to the industry demand over the coming few years. With the advent of new technologies such as drive by wire, the vehicles are controlled by computer transmissions which do not require the gear leavers to be mechanically coupled to the transmission unit. This type of installation offers less occupied space without the assistance of complex interlocking and remote mechanism settings. In addition, the manufacturers are now shifting towards the adoption of miniaturized gear sticks and buttons which in turn hamper the industry growth over the forecast period. Furthermore, increasing adoption of rotary knobs in Range Rover and Jaguar models is anticipated to obstruct the industry demand over the next few years.

The global automotive selector lever market share can be segmented on the basis of type and geography. By technology, the industry can be segregated into automatic selector levers and manual selector levers. Based on geography, the industry can be classified into North America, Europe, Latin America, Asia Pacific and MEA.

Europe automotive selector lever market size was estimated to be the largest closely followed by North America in 2014. Asia Pacific automotive selector lever market share is anticipated to observe high growth rate over the forecast period. This can be attributed to rising disposable income and increasing customer preference towards luxury cars. China and Thailand were the foremost regions accounted for large industry shares in the Asia Pacific region over the next few years.

Manual selector levers are leading the type segment for the industry. Automatic selector levers are anticipated to witness significant gains over the forecast period. These leavers are primarily deployed in the luxury cars owing to mounting demand from the upper class population. The demand for these levers is on the surge owing to increasing demand for luxury vehicles. In addition, automatic levers change gear ratios as the vehicle moves, freeing the driver from having to shift gears manually. Moreover, these levers are ideally suited to run at a moderately high rotational speed. It offers a range of torque and speed outputs essential for vehicular travel.

Some of the major companies for the global automotive selector lever market share are Tokai Rika Co., Ltd., Fuji Kiko Co., Ltd., Kongsberg Automotive, ZF Steering Gear (I) Ltd, Aisin Seiki, Ficosa International S.A., CIE Automotive, Mahindra Sona Limited, BMW Automobiles, TVS Motor Company Limited, Tata Autocomp Systems Limited, Sapura Group of Companies, Audi AG, Astra Automotive, SL Corporation, Xian Sanming, Ford Motor Company, Jaguar Land Rover Limited and ZunhuaJinyang Automobile Part Co., Ltd among others.
Browse Automotive Selector Lever Market Size, Industry Analysis Report, Regional Outlook, Application Development, Price Trend, Competitive Market Share & Forecast, 2016 – 2023report at:https://www.gminsights.com/industry-analysis/automotive-selector-lever-market

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Automotive composites market size was estimated at more than USD 3 billion in 2015 and is likely to exceed USD 7 billion by 2023 at a CAGR of over 8.5%: Global Market Insights Inc.

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Automotive composites market size was estimated at more than USD 3 billion in 2015 and is likely to exceed USD 7 billion by 2023 at a CAGR of over 8.5%. Asia Pacific automobile composite market size was the largest with more than USD 1.8 billion with an expected growth rate of over 8.5% up to 2023.

Increasing preference towards passenger vehicle fuel efficiency coupled with product differentiation for vehicle aesthetics is likely to drive automotive composites market share. Increasing awareness towards lightweight material manufacturing for applications in interior and exterior vehicle components is components thereby reducing overall fuel consumption are likely to drive demand.

Consumers prefer to purchase fuel efficient vehicle in order to counter rising crude oil prices. Global automotive sales were estimated at more than 80 million units in 2012 and are likely to exceed 100 million units by 2018. Global automotive plastics market size is expected to cross USD 53 billion by 2023.

Automotive composites offer impact & heat resistance and lower the overall automobile weight, particularly in hybrid and electrical cars. Properties such as high tensile strength, ease in manufacturing, surface tension and corrosion resistance are ideal for manufacturing fuel-efficient and lightweight vehicles.

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Global increase in carbon footprint owing to vehicle emissions has prompted numerous automobile regulatory bodies to adhere to environmental norms. Vehicle weight reduction is seen as priority by automobile manufacturers as it curbs carbon emissions. Reducing vehicle weight by 450 kg enables approximate 40 gram reduction in COand helps in increasing the fuel efficiency by 8% to 12%.

Recyclability issues coupled with high raw material pricing is likely to hamper automotive composites industry profitability.
Increase in population coupled with rise in disposable income particularly in countries such as China, India, Thailand, Indonesia and Brazil is likely to fuel passenger & commercial vehicle demand. U.S. automotive composites market share was steady, with vehicle density of 800 vehicles per 1000 people. Compared to 15.6 million vehicles manufactured in 2013, the country saw an increase in production up to 16.5 million in 2014, which is expected to reach up to cross 17 million units in 2016.

Major automotive composite product segment include MMC (metal matrix composites), CMC (ceramic matrix composites) and polymer matrix composites (PMC). PMC is further segmented into carbon (CRPF) and glass (GRPF) based fiber reinforcement polymer composites. CRPF is likely to witness highest gains of over 20% up to 2023 owing to growing application scope in new vehicle models to increase the fuel efficiency. Metal matrix composites (MMC) market size is likely to exceed USD 435 million by 2023.

Automotive composites application segment includes engine & powertrain components, exterior and interior components. Exterior components was the largest application segment over the past few years owing to increasing demand for aesthetic & attractiveness appeal of passenger vehicles. Exterior component applications are likely to be worth more than USD 3.5 billion by 2023. Engine & powertrain components are expected to witness highest gains over the forecast period.

Automobile composites market is also segmented on the basis of technology namely manual, continuous, injection and compression.

Asia Pacific was the dominant region in 2014 and is likely to witness highest gains over the forecast period. Shift of automobile manufacturing bases in countries such as China, India, Indonesia and Thailand is likely to drive regional demand. These countries are expected to benefit owing to favorable government regulations in the form of tax incentives and cheap labor wages.

Europe is likely to witness moderate growth over the forecast period. Stringent environmental regulations are likely to favor growth in this region. UK, France and Germany automotive composites market is likely to witness steady gains owing to presence of automobile manufacturers such as BMW and Renault. North America is likely to witness steady gains over the forecast period owing to increase in consumer spending capacity post recession.

The global automotive composites market share is highly consolidated with top four manufacturers catering to more than 70% of the total demand. Key companies operating in this market include Toho Co. Ltd, Toray Industries, SGL and Mitsubishi. Other prominent companies include SAERTEX GmbH, Cytec Industries, Koninklijke Ten Cate N.V, Johnson Controls, Johns Manville, Teijin Limited, UFP Technologies, DuPont and Scott Bader.
Browse Automotive Composites Market Size, Industry Analysis Report, Regional Outlook, Application Development, Price Trend, Competitive Landscape & Forecast, 2016 – 2023report at:https://www.gminsights.com/industry-analysis/automotive-composites-market

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Acrylic acid market size to exceed 8.7 million tons by 2023: Global Market Insights Inc.

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Increasing awareness towards products derived from renewable sources coupled with depleting petrochemical reserves is expected to drive bio acrylic acid market size. Acrylic acid market size was estimated at over 5.5 million tons in 2015 and is likely to exceed 8.7 million tons by 2023 growing at a CAGR of more than 5.5% from 2016 to 2023.

With successful implementation of green route, bio acrylic acid market commercialization is expected to reduce manufacturer dependency on propylene with alternative feedstock such as glycerol, corn, and sugar. Some process are expected to derived a fully bio based routes while other process can use a combination of chemical conversion and biosynthesis.

Acrylic esters market dominated the industry and accounted for over 55% of the total demand in 2014 and is likely to grow at more than 5.5% up to 2023. Glacial acrylic acid market accounted for more than 35% of the total demand in 2014 and is likely to witness highest gains over the forecast period.

Personal care products were the dominant end-user industry segment and accounted for more than 30% of the total volume in 2014. Surfactants & surface coatings accounted for more than 16% of the total demand and is likely to witness highest gains of over 6% up to 2023.

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Industry participants are focusing to derive products from renewable and sustainable chemicals which have resulted in the development of various green routes for bio acrylic acid production. Being a green process, these bio based routes also offer to hedge against raw material prices of propylene and ethylene. Cost is a critical factor for industry penetration, acrylic acid market price trend saw a surge in 2015 and is likely to remain stable over the next year.

There can be an upward pressure in propylene prices where the manufacturers are relying on shale gas to extract low cost ethylene and propylene which depends upon the naphtha pyrolysis. Currently, the manufacturers are obtaining acrylic acid through a two stage based propylene oxidation technology in which the license holders are investing to develop a cost effective process through optimized parameters, new catalyst formulations and reactor design modifications.

Favorable government regulations to develop sustainable products in the form of funding and stimulus packages are also likely to support bio acrylic acid market size. Industry success and market momentum to develop bio routes are however limited by knowledge and experience of technology developers. This factor have resulted a witness in joint-ventures and key-partnership development over the past few years in order to benefit from the ongoing process.

Bio acrylic acid production via 3-hydropropionic acid (3-HP) have witness two strategic partnerships from industry leaders such as Dow &OPXbio and Cargill &Novozymes. These companies have individual strengths such as established distributed & international market presence and other with strong hold in bioengineering or biosynthesis process.

For instance, Novozymes can leverage from Cargill’s understanding on agri-business to source feedstock for technology development. Dow can provide OPXbio the desired funds, industry experience and design capability for processing and product purification.

Bio acrylic acid market share can be characterized by fragmentation level among technology developers for adopting different sustainable routes from distinct raw materials for product development. The development of the bio based routes is also dependent upon the high yield coupled with cost competitiveness against conventional propylene technology. The success of the bio based routes is mostly dependent upon the initial feedstock.

Key companies such as Nippon Shokubai and Arkema have invested to develop bio based acid from glycerin/glycerol. The pilot scale production was success but the further implementation of the process is dependent upon the availability and cost of glycerol which is majorly influenced by government legislatives for bio fuel production. Glycerol is a byproduct from biodiesel production.

Novomer is developing bio-adaptable process which uses proprietary catalysts for polypropiolactone production from ethylene oxide derived from renewable or petrochemical based sources. Glacial acrylic acid can be derived from polypropiolactone via pyrolysis. This provides Novomer to develop facilities to operate simultaneously in petrochemical and bio based process. This unique process may allow Novomer to hedge against market volatility and as well as provide advantage when the industry is moving towards capturing bio acrylic acid market share, where renewable feedstock are cost competitive and readily available.
Browse Bio Acrylic Acid Market Size, Downstream Potential, Industry Analysis Report, Regional Outlook, Application Development, Price Trend, Competitive Market Share & Forecast, 2016 – 2023report at:https://www.gminsights.com/industry-analysis/bio-acrylic-acid-market

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Vanillin market size is likely to grow at CAGR of more than 4.5% up to 2023: Global Market Insights Inc.

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 Bio vanillin market size is likely to grow due to the increase in biotechnologically derived flavors and fragrances by end-use industries such as food & beverages, cosmetics and pharmaceutical. Vanillin market size was estimated at more than 15,000 tons in 2014 and is likely to grow at CAGR of more than 4.5% up to 2023.

Food & beverages industry was the dominant consumer and accounted for more than 50% of the total volume in 2013. Fragrances were the second largest consuming segment and are likely to witness steady growth rates over the forecast period. Stable bio vanillin market price trend should see strong industry penetration.

Asia Pacific bio vanillin market size dominated regional demand with China comprising of more than 50% of the total production in the region. Asia Pacific is also likely to witness highest gains over the forecast period owing to growth in food & beverages and pharmaceutical industries in countries such as China, India, Malaysia and Indonesia. Europe was the second largest region and is likely to witness moderate gains over the forecast period.

Three major manufacturing methods currently serve market commercialization. The first one is the natural vanilla extract from vanilla beans, the second one is being the petrochemical process (guaiacol derived) and the third one is the lignin obtained from wood pulping process.
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Approximately 1,500 tons of vanillin was produced from lignin which is priced higher and marketed as premium product in contrast to the petrochemical derived product. Successful degradation of lignin through bacteria (Rhodococcus jostii RHA1) is carried out to extract useful components. This technology is successfully implemented on a commercial scale and is manufactured by Borregaard which manufactures vanillin derived from lignin from spruce tree through sulfite pulping method.

Currently, less than 1% of the lignin market is used for vanillin manufacturing. Lignin is an abundant natural resource and can be explored or obtained from other sources such as straw, leaves, stems, cereals, vegetable and fruits.

Guaiacol-derived vanillin market is hard to compete and has many characteristics of a commodity. It sells at a lower price with little product differentiation and producers have well established cost structures with regards to resellers and distributing agents in the regional and international market. It would be difficult for biotechnology based source to compete with already existing companies with their well established marketing structure.

Bio vanillin market size can benefit by being marketed as a premium product segment in which the companies could gain higher profit margins. The premium product can help in product differentiation and can help to cater the under-served markets such as premium/luxury food, beverages and perfumes.

EU and US food legislation recognizes product as natural when it is derived from microbial fermentation of natural precursors. In this case, bio vanillin is accepted as natural by US and EU food legislation. Also in Canada, novel foods derived by means of biotechnology must be approved by Health Canada for being safe for humans, animals and environment. Vanillin obtained from lignin is considered as novel food as it satisfies Canada’s regulatory requirements.

Most of the biotechnological approaches for synthesis are based on biological conversion of certain natural materials such as ferulic acid, lignin, eugenol & isoeugenol using micro-organisms such as fungi, bacteria and yeast to be production hosts. Micro-organisms and fermentation ingredients which are imparted GRAS (generally recognized as safe) status by the U.S. FDA are preferred.

Vanillin products derived from different biotechnological process are marketed over the past few years. Rhovanil was the first commercial product obtained through fermentation process by ferulic acid bioconversion process. De Monchy Aromatics markets exturmeric which is obtained from curcumin. Sense Capture is produced through bioconversion of eugenol and is marketed by Mane.

Bio vanillin market share has potential for a premium as green product specifically in North America and Europe. Consumers in these regions are getting aware about the health hazards from petrochemical derived products and are increasing relying on natural or bio derived products. It also provides a huge opportunity for growth in Asia Pacific market as countries such as China and India are witnessing population expansion and growth in per-capital disposable income.
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China air compressor market size is likely to reach around USD 9 billion by 2023, at a CAGR of over 7.5%.: Global Market Insights Inc.

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China air compressor market size was valued over USD 3 billion in 2015 and is likely to reach around USD 9 billion by 2023, at a CAGR of over 7.5%. This can be attributed to continuous growth of economic scale coupled with rising demand on quantity and variety of air compressors in the region. This is anticipated to drive the industry demand over the coming few years.

China air compressor market size can be segregated across three levels. The first level is multinational enterprises, which include by Ingersoll Rand, Sullair, Fusheng Group and Atlas Copco. These players posses strong independent design and R&D capabilities and are foremost high end screw air compressors. The second level is superior enterprises with major e-design capabilities, high manufacturing and processing level including, Shanghai Hanbell Precise Machinery, Ningbo Baosi Energy Equipment and Zhejiang Kaishan Compressor.

Air compressors mainly consist of piston and screw types. Screw air compressor market was valued USD 2.5 billion in 2014 and expected to exceed USD 3.5 billion by 2023. These compressors are adaptive towards compressor development and are likely to replace the latter in numerous applications. This can be primarily attributed to several advantages offered such as low energy consumption, high reliability and low noise.
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Increasing acceptance of remote sensing technology in order to monitor and evaluate performance is likely to contribute to demand growth from 2016 to 2023. Strong demand from application segments such as food & beverage is likely to gain significant industry revenue. This can be attributed to mandates on health and food safety requirements which is anticipated to propel industry growth over the forecast period. Low maintenance, efficient operation at low cost, growing adoption of variable speed systems and retrofitting of existing systems are some other factors driving growth across chief end use industries.

China air compressor market share has applications in mining, power, metallurgy, machinery manufacturing, electronics, food, pharmaceuticals, petrochemicals, and textile & light industries. The industry is currently moving towards structural adjustments. The regions stable economy coupled with expansion of the equipment manufacturing sectors is likely to surge the demand growth over the forecast period.

Next-generation compressed air systems market with an eco-friendly stance will encourage end-users to adopt the novel technology in the region. Oil free systems with increased capacitive ability can provide better efficiency. Easy installation and maintenance can entice end users. The above mentioned factors are surging the industry demand in the region. Single phase and dual phase compressed air systems have been adopted by oil & gas and home appliance industries. By eliminating supplementary devices in its installation, these industries are anticipated to earn profits by saving significant costs. However, the volatility in prices of raw materials is likely to pose a challenge for the industry growth.

China air compressor market share can be segmented on the basis of lubrications which include oil filled and oil free. The industry can be further bifurcated by technologies into centrifugal, reciprocating and rotary.. By products, the industry can be divided into stationary and portable. Moreover, the industry is segregated on the basis of applications which include manufacturing, oil & gas, energy, home appliances, food & beverage, healthcare and semiconductors & electronics.

Major players in the China air compressor market share include Zen Air Tech, VMAC Company, Vanair, Sullair, Rolair Systems, Parker, Oasis Manufacturing, MAT Industries, Kaeser Compressors, Ingersoll Rand, Hoerbiger, Hitachi Industrial Equipment, Heyner, Grainger Company, GE Energy, Gast Manufacturing, Gardner Denver, Galaxy Auto Service Equipment, Frank Technologies, CPI, Cook Compression, BelAire Compressors, Bauer Group, Atlas Copco and AireTex Compressors among others.

Other key players include Zen Air Tech, VMAC Company, Vanair, Sullair, Rolair Systems, Parker, Oasis Manufacturing, MAT Industries, Kaeser Compressors, Ingersoll Rand, Hoerbiger, Hitachi Industrial Equipment, Heyner, Grainger Company, GE Energy, Gast Manufacturing, Galaxy Auto Service Equipment, Frank Technologies, CPI, Cook Compression, BelAire Compressors, Bauer Group and Gardner Denver.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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BioMEMS market size was valued around USD 2.5 billion in 2014 and is anticipated to grow at CAGR of over 25% from 2016 to 2023: Global Market Insights Inc.

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BioMEMS market size was valued around USD 2.5 billion in 2014 and is anticipated to grow at CAGR of over 25% from 2016 to 2023. The industry is anticipated to attain over USD 8 billion over the forecast period owing to increasing adoption of medical instruments on rental basis by the patient. In addition, rising mobile care applications is also expected to positively contribute significantly to the demand growth over the forecast period. Escalating application in mobile healthcare devices is the major trend for this industry.

BioMEMS market size is segmented on the basis of product, application and end user. Based on product, the industry can be segregated into implantable, injectable and others. Implantable BioMEMS market share can be sub segmented into accelerometers, biochips, drug delivery devices, stents, gyroscopes and biosensors. In addition, injectables can be further segregated into micro needles and micro modules. Other category includes inhalers, catheters and micro motors.

BioMEMS or bio-medical micro electro mechanical systems market has emerged as a division of MEMS devices for applications in medical micro devices and biomedical research. It offers various benefits such as it improves medical device performance for the patient and offers competitive advantages to system manufacturers. For instance, the introduction of accelerometers in pacemakers has revolutionized the treatment of cardiac diseases. The above mentioned factors are driving the demand for the industry over the forecast period.
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Moreover, the industry is segmented by application which includes diagnostic, therapeutic and tissue engineering. By end user, the industry can be bifurcated into pharmaceuticals, hospitals, food and agricultural industry, research centers and home diagnostics. Furthermore, the industry can be segregated by region which includes Asia pacific, Latin America, North America, Europe and MEA.

These devices have progressively become more perceptible especially in the healthcare sector by serving as solutions personalized to the requirements of several applications. The system assimilates actuators, miniature sensors, micro-optics, structural elements and micro fluidics with controls and computation for application required in the healthcare sector. Microsystems are employed in the healthcare sector for various applications. It improves the drug delivery system with the utilization of nanotechnology and also advances the treatment for cardiac diseases. These aspects are fueling demand growth for the global BioMEMS market size over the next few years.

Development of patient monitoring equipment system coupled with technological advancements in the devices is the chief factors responsible for the growth of the industry over the coming few years. In addition, high efficacy, low cost along with mounting ageing population are also surging the demand growth over the forecast period. However, lack of adoption owing to high research and development cost coupled with long product development cycles are expected to hinder the industry growth from 2016 to 2023. Stringent regulatory guidelines are also acting as a challenge to the global BioMEMS market demand. Partnerships among pharmaceutical and engineering industries may act as the potential growth opportunity for the industry over the forecast period. In addition, emergences of personalized medicines are also identified as the key opportunity for this industry.

Microsystem devices market is deployed in four key healthcare sectors which include pharmaceutical, medical devices, medical home care and in-vitro diagnostics. Stimulus for the acceptance of this technology is highly dependent on each individual sector. The implementation of microsystems is linked to the automation and sensibility constraints in the pharmaceutical sector. In addition, the in-vitro diagnostic sector involves cost reduction and portability features. Moreover, the medical devices industry is focused on further advancement in order to improve the functionalities. Furthermore, rising safety and security concerns among the consumers is expected to surge the demand for home care sector over the forecast period.

The chief players for the global BioMEMS market share include Cepheid, Bluechiip, Given Imaging and Integrated Sensing Systems. Boston Scientific, Becton, Dickinson and Co (BD), Heimann Sensor, CapitalBio, Lepu Medical Technology, Nanopass Technologies, United Gene High-Tech Group, Teledyne DALSA, Mec, OMRON and Micron Technology are other notable participants.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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