Month: January 2022

Self-Healing Materials Market To Boom in Europe in Coming Years, says P&S Intelligence

Europe held the dominating share in the market for self-healing materials in the historical period (2015–2020), and it is expected to grow at a substantial growth rate during the forecast period.

The global self-healing materials market revenue stood at ~$1.1 billion in 2020 and it is predicted to rise rapidly from 2021 to 2030. The growing use of self-healing materials in the healthcare, electronics, and automotive industries, their better long-term financial benefits than conventional materials, and rapid advancements being made in the advanced material domain are the major factors fueling the expansion of the market all over the world.

Self-healing materials assist in increasing the average lifespan of equipment by repairing damages and slowing down entropy. They are majorly used in the aerospace, oil and gas, building and construction, and automotive industries. Some of the major applications in the automotive industry are anti-scratch polyurethane coatings that are based on self-healing elastomers for vehicle bodies. In the construction sector, self-healing asphalt is extensively used. Several oil-containing capsules are incorporated in the bituminous binder for extending the lifespan of the asphalt roof covering.

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Besides, the rapid technological advancements being made in self-healing materials are also driving the self-healing materials market. These innovations have caused an improved restoration of the functionalities in these materials and led to rapid healing, thereby triggering a new era of environmental management and infrastructure preservation technologies. These R&D activities are becoming a major trend in the market. Depending on material, the market is divided into coatings, concrete, asphalt, polymers, ceramics, metals, and fiber-reinforced composites.

Out of these, the polymers category contributed the highest revenue to the market during the last few years, and it is expected to surge sharply in the coming years as well. This is credited to the exceptional characteristics of self-healing polymers, such as resistance to abrasion, durability, and thermal stability. When application is taken into consideration, the market is categorized into transportation, general industrial, mobile devices, and building and construction. Amongst these, the building and construction category dominated the market in the past, owing to the large-scale use of these materials in the building and construction industry, particularly in non-residential buildings.

Globally, Europe contributed the highest revenue to the self-healing materials market in the years gone by. Furthermore, as per the estimates of the market research company, P&S Intelligence, the market will expand rapidly in the region during the forecast period. This is attributed to the existence of several key industry players, increasing R&D activities, growing use of these materials in the automotive sector, and surging implementation of government initiatives for improving product security in various fields in the region.

Browse detailed report on Self-Healing Materials Market Size, Share, Growth Drivers and Forecasts 2021–2030

The players operating in the industry are focusing on product launches in order to bolster their position and reach out to a larger number of customers. For example, Autonomic Materials used protective coating systems for examining its self-healing materials in January 2020. Furthermore, it was proved via multiple trials that low-volatile organic compounds (VOC) water-borne self-healing coatings are very useful for imparting resistance against corrosion and they are as good as the highly volatile solvent-borne materials.

Hence, it is safe to say that the market will grow rapidly in the coming years, mainly because of the mushrooming use of self-healing materials in various industries, such as automotive, electronics, construction, and healthcare, and rapid technological advancements in these materials.

Self-Healing Materials Market Size Breakdown by Segments

By Form

  • Extrinsic
  • Intrinsic

By Material

  • Concrete
  • Coatings
  • Polymers
  • Asphalt
  • Fiber-Reinforced Composites
  • Ceramics
  • Metals

By Application

  • Building & Construction  
  • Transportation
  • Mobile Devices
  • General Industrial

By Region

  • North America Self-Healing Materials Market
    • By form
    • By material
    • By application
    • By country – U.S., and Canada
  • Europe Self-Healing Materials Market
    • By form
    • By material
    • By application
    • By country – Germany, France, U.K., Italy, Spain, and Rest of Europe
  • Asia-Pacific Self-Healing Materials Market
    • By form
    • By material
    • By application
    • By country – Japan, China, India, Australia, South Korea, and Rest of APAC
  • Latin America Self-Healing Materials Market
    • By form
    • By material
    • By application
    • By country – Brazil, Mexico, and Rest of LATAM
  • Middle East and Africa Self-Healing Materials Market
    • By form
    • By material
    • By application
    • By country – Saudi Arabia, South Africa, and Rest of MEA

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Polymer Concrete Market – Globally, the North American region dominated the polymer concrete market in the last few years, and it will continue to do so in the upcoming years as well. This can be primarily credited to the increasing focus on the restoration and repair of existing structures in the region.

Construction Equipment Market – Globally, the Asia-Pacific region is expected to hold the largest share in the construction equipment market during the forecast period, due to the mounting investments being made by governments in construction activities in the region.

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Brucine Sulfate Market Forecast to Reach $1.5 Billion by 2026

“Brucine Sulfate Market Forecast to Reach $1.5 Billion by 2026”
Increasing The Consumption Of Brucine Sulfate As Organic Ingredients In Medicine And Cosmetics Products Is Highly Soluble In Boiled Water And Hence It Is Estimated To Grow The Demand For Brucine Sulfate Market

Brucine Sulfate Market is forecast to reach $1.5 billion by 2026, after growing at a CAGR of 3.4% during 2021-2026 due to growing consumption of brucine sulfate from the cosmetic and pharma industry. Brucine sulfate, an alkaloid closely related to strychnine but less potential and toxic than strychnine, acts as an antagonist at glycine receptors and paralyzes inhibitory neurons. Brucine sulfate is majorly available in powder form that can be packed in a drum or bottle or bags to supply. These can be stored at room temperature with a high melting point. Brucine sulfate is an organic intermediate salt that is an antioxidant. It is also classified in agrichemical and oil field chemicals, thus; brucine sulfate is used in oil denaturants. Brucine sulfate consists of purity of 98% and is highly soluble in water (1 gm dissolves in about 70cc of water) and sparingly soluble in alcohol. It comes under medicine grade, thus; increasing demand from the pharmaceutical sector is estimated to grow the consumption of brucine sulfate.

Impact of COVID – 19

Due to the COVID-19 pandemic, the consumption of brucine sulfate in the pharmaceutical industry has positively influenced the market growth as it is used in pharmacokinetics and is used to improve patient care in toxicity cases by estimating the amount of drug in the body. Brucine sulfate comes under medicine grade, thus; increasing the demand from the pharmaceutical industry is estimated to boost the consumption of brucine sulfate.

Brucine Sulfate Market Segment Analysis – By Form

The powder form held a significant share of the global brucine sulfate market in 2020. The powder brucine sulfate is an organic salt that is highly soluble in water and sparingly soluble in alcohol. These can be easily supplied with minimum (25kg) to maximum quantity (above 100gm). Brucine sulfate can be stored in a light-resistant container at room temperature. Thus, the powder form of brucine sulfate is expected to be widely used during the projected era.

Brucine Sulfate Market Segment Analysis – By Packaging

Drum packaging held the largest share in the global brucine sulfate market in 2020. By using drum packaging, the brucine sulfate is safely provided to manufactures. This is available in powder, solid, and catalyst form. The powder form is melted at 185 0C. Thus, with the help of drum packaging, it supplies conveniently to the manufacturers. Brucine sulfate is available in a green and white appearance with high solubility in water which consists of density 1.41 g/cm3. Hence, drum packaging is widely used for the packing of brucine sulfate.

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Brucine Sulfate Market Segment Analysis – By Application

Pharmaceuticals dominated the global market of brucine sulfate in 2020 and is growing at a CAGR of 3.6% during 2021-2026. Brucine sulfate pharmacokinetic is used to enhance the efficacy and decrease the toxicity of drug therapy. Brucine sulfate (less toxic than strychnine) is a white needle catalyst that is highly soluble in water, ethanol, and chloroform. Hence, such properties are boosting the consumption of brucine sulfate in pharmaceuticals. According to the National Healthcare of United States, healthcare spending increased 4.6 percent to reach $3.8 trillion in 2019. Furthermore, according to the international trade administration, in Mexico, medical devices and supplies reached US$ 4.9 billion in 2019, and the pharmaceutical market was US$ 2.5 billion in 2019. Thus, the growing pharmaceutical sector is anticipated to increase R&D expenditure in the United Nations. According to the European Federation of Pharmaceutical Industries and Association, the R&D expenditure in the pharmaceutical sector in the United States was increased by US$ 64.3 billion in 2019 compared to US$ 62.2 billion in 2018 and US$ 57.7 billion in 2017. Hence, the growing pharmaceutical activities are expected to boost the demand for brucine sulfate during the projected era.

Brucine Sulfate Market Segment Analysis – By Geography

Asia Pacific dominated the global brucine market in 2020 with more than the share of 30%, due to the increasing consumption of brucine sulfates from the pharmaceutical and cosmetics industry in Asian countries such as India, China, Japan, and others. Brucine sulfates are antioxidant salt chemicals that are used as denaturants of oil and alcohols, and also in cosmetic products. Brucine sulfate acts as an alkaloid antagonist at glycine receptors and is used as an organocatalyst in chemical applications which is estimated to create an opportunity for brucine sulfate from the healthcare and cosmetic sector. According to the India Brand Equity Foundation (IBEF), the healthcare market is expected to increase by Rs. 8.6 trillion (US$ 133.44 billion) by 2022, which is anticipated to drive the demand for brucine sulfate. Additionally, according to the National Investment Promotion and Facilitation Agency, India is the largest producer of generic medicines which contributes 20% share globally for the exportation of generic medicines. Furthermore, the increasing cosmetics market in Asian countries is also boosting the market. According to Cosmetic Europe, a personal care association, in Japan, the cosmetic industry is increased by euro 32.6 billion (US$ 36.49 billion) in 2019 as compared to euro 29.4 billion (US$ 34.7 billion) in 2018. Hence, increasing adoption of these powder salt is projected to drive industry growth of brucine sulfate.

Brucine Sulfate Market Drivers

Increasing Demand from Pharmaceutical Industry

Brucine sulfates are available in powder, solid, and catalysts form that can be preserved in tight and light-resistant containers thus these are used in pharmacokinetics. Brucie sulfate plays a role as an alkaloid antagonist at glycine receptors that are used are found in the spinal cord and brain stem. Hence, the growing pharmaceutical industry is creating a huge opportunity for the demand for brucine sulfate. According to India Brand Equity Foundation (IBEF), India’s domestic pharmaceutical market is estimated at US$ 41 billion in 2021. The sector is also expected to reach US$ 65 billion by 2024 and ~US$ 120-130 billion by 2030. Additionally, North America has also contributed a significant share for the brucine sulfate market due to growing investment in the pharmaceutical sector. Additionally, According to the National Healthcare of United States, healthcare spending increased 4.6 percent to reach $3.8 trillion in 2019. Hence, such factors are estimated to grow the market size of brucine sulfates.

Growing Consumption of Brucine Sulfate for Cosmetic Products in the Asia Pacific

Brucine sulfate is used as an organic intergraded for cosmetics products as it can be stored at room temperature. This organic compound is melted at 185 0C with high solubility in water, thus it is used in cosmetic products. Thus, the cosmetic industry is increasing in other Asian countries such as Indian and China. According to Cosmetic Europe, a personal care association, China’s cosmetics market increased by 15.33 % to euro 54.9 billion (US$ 61.45 billion) in 2019 compared to euro 47.6 billion (US$ 56.21) in 2018. Additionally, the Cosmetic industry in India increased by euro 12 billion (US$ 13.43 billion) in 2019 as compared to euro 10.7 billion (US$ 12.63 billion) in 2018. Hence, the growing cosmetic industry is estimated to grow the consumption of brucine sulfate.

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Brucine Sulfate Market Challenges

Brucine Sulfate Posses Health and Environment Risk

Brucine sulfate is a highly flammable and toxic organic salt that causes skin and eye irritation. It highly affects the human body due to high toxicity and poses chronic health effects. The highly used brucine sulfate is harmful to aquatic organisms which may cause long-term adverse effects in the aquatic environment. Hence, due to various health and environmental effects, the consumption of brucine sulfate may hamper the market growth.

Brucine Sulfate Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Brucine Sulfate Market. Major players in the Brucine Sulfate Market include:

Shreeji Pharma International

Kothari Phthochemicals International

Alfa Aesar GmbH Co. KG

Wallen Technology Co., Ltd.

Changsha Winner Bio-Tech Co., Ltd.

Jai Radhe Sales

Alpha Chemika

Otto Chemie Pvt Ltd, and among others.

Key Takeaways

The Asia Pacific dominates the market of brucine sulfate market due to increasing cosmetic and pharmaceutical activities in emerging and developing countries such as India, China, Japan, and Others.

Increasing the consumption of brucine sulfate as organic ingredients in medicine and cosmetics products is highly soluble in boiled water and hence it is estimated to grow the demand for brucine sulfate.

Brucine sulfate is not as poisonous as strychnine, hence it acts as an antagonist at glycine receptors and is used as an organocatalyst in chemical applications which is estimated to grow the market size during the forecast period.

Relevant Reports

A. Per Sulfate Market

https://www.industryarc.com/Report/18705/per-sulfate-market.html

For more Chemicals and Materials related reports, please click here

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Roof Coating Market Set to Grow at CAGR Of 3.8% During 2021-2026

“Roof Coating Market Set to Grow at CAGR of 3.8% During 2021-2026”
Increasing Demand For Eco-friendly And Sustainable Building Structures Such As Urethane Roofing And Asphaltic Coating is One of The Significant Factors Driving The Demand For Roof Coating Market

Roof Coating Market size is expected to be valued at US$1.6 billion by the end of the year 2026 and is set to grow at a CAGR of 3.8% during the forecast period 2021-2026. The growing demand for environmental-friendly, renewable and sustainable solutions for roofing system in the recent days is one of the significant factors driving the demand for roof coating market. The rising environmental awareness coupled with the government frameworks regarding greenhouse gas (GHG) emission is also driving the need for a sustainable and eco-friendly roofing system which in turn is increasing the demand for roof coating market. Various types of coating such as urethane roofing, asphaltic coating and others help in providing flexibility, durability, resistance to corrosion and others. This is increasing the demand for roof coating systems from many key-use industries. Products such as roofing emulsion (painting emulsion containing fillers which provides waterproof coatings) and corrugated roof paint for corrugated metal roofing are also in high demand owing to the various government standards and regulations regarding roofing system. This is one of the significant factors driving the demand for the roof coating market.

Roof Coating Market Segment Analysis – By Coating Type

Water based coating segment held the largest share in the roof coating market in the year 2020. The various advantages provided by water-based coating such as even distribution, waterproofing, durability and seamless layer is majorly driving the demand for water-based coating in the roof coating market. Roofing emulsions are waterproof coatings that are majorly used in roof coatings. The various added benefits such as energy efficiency, reduction in cooling costs, and increasing the life expectancy of the roof are also majorly driving the water- based coating in the roof coating market.

Roof Coating Market Segment Analysis – By Material Type

Plastic & Elastomeric segment held the largest share in the roof coating market in the year 2020. Plastic and elastomeric coatings are commonly used as it is affordable and is very easy to install. Even after the aging of the roofing system, elastomer can help in restoring the roof without having to tear down the roof completely. The number of activities involved in installing a plastic and elastomeric segment is practically very less and it does not cause much inconvenience. Plastic and elastomeric roofing also has this advantage of easy application of paints and coating such as corrugated roof paint without much damage and process involved. This is majorly driving the roof coating market.

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Roof Coating Market Segment Analysis – By Roof Type

Flat roof segment held the largest share in the roof coating market in the year 2020. There are various types of fat roof systems such as rubber roofing, fiberglass roofing, urethane roofing and asphaltic coating. The major advantages associated with flat roofing system such as less construction cost, less maintenance and repair activities and others are some of the major factors driving the demand for flat roof systems in the roof coating market. Flat roof systems are also sustainable as they can be converted into a rooftop garden or any other space. Additionally, advantages such as protection from UV rays and the involvement of less cost and toxicity is driving the demand for products such as asphaltic coating and roofing emulsion.

Roof Coating Market Segment Analysis – By Application

Commercial construction industry held the largest share growing at a CAGR of 3.34 in the roof coating market in the year 2020. The increase in the number of government initiatives and investments in developing the public infrastructure is one of the major factors driving the roof coating market. For instance, according to International Trade Administration, the UK government announced funds for infrastructural development worth US$6.87 billion in September 2020 which will be primarily be spent on the construction of buildings for public hospitals, schools and other local projects. This will further increase the demand for roof coating products such as urethane roofing and asphaltic coating.

Roof Coating Market Segment Analysis – By Geography

Asia-Pacific region held the largest share of 37% in the roof coating market in the year 2020. The increase in the population coupled with the growing need for infrastructure is majorly driving the demand for roof coating market in the region. This is increasing the demand for products such as urethane roofing and roofing emulsion. For instance, the Chinese Government came up with an initiative called ‘New Type Urbanization Plan’ wherein the government aims at developing the nation’s infrastructure by the year 2020. According to Asian Development Bank, a Multilateral development bank, developing countries in Asia will invest US$26 trillion in infrastructure from 2016 to 2030, or US$1.7 trillion per year. This will increase the number of infrastructure projects in the region. Furthermore, Asian Development Bank is scaling up operations for sovereign and non-sovereign infrastructure investment, which will increase the investment in the building and construction sector. The investment has reached US$20 million, an increase of 70% from the year 2014.

Roof Coating Market Drivers

The surge in the activities of the construction industry is majorly driving the roof coating market

The increase in the number of construction activities across the globe is majorly increasing the demand for roof coatings such as urethane roofing and asphaltic coating, which is majorly driving the roof coating market. For instance, according to the World Bank, the cost of expenditure in the construction industry across the world was estimated to reach US$11.9 trillion in the year 2020, which is an increase of 4.2% as compared to the previous year expenditure. Furthermore, according to Germany Trade & Invest (GTAI) (economic development agency of the Federal Republic of Germany), the construction industry volume increased by 6.74% in the year 2020 from the year 2019. This will increase the scope for roof coating industry across the globe and increase the demand for products such as urethane roofing and asphaltic coating.

Increasing demand for eco-friendly and sustainable building structures is increasing the demand for roof coating market

The increase in organizations and associations emphasizing the importance of sustainable buildings is one of the major factors driving the demand for roof coating industry. For instance, Leadership in Energy and Environmental Design (LEED) is a building rating system of the world and LEED building is widely used green building rating system. The increase in building sustainable structures with eco-friendly products to minimize carbon footprint is increasing the demand for green building materials market. According to U.S. Green Building Council, LEED has become the most prominent green building rating system in the world. The LEED system currently has around 80,000 projects in across 162 countries. It also includes more than 32,500 certified commercial projects. This will increase the demand for sustainable structures like slate roof sealer in the roof coating market.

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Roof Coating Market Challenges

Emission of high volatile organic compounds from the production of roof coatings is majorly impacting the growth of the roof coating market.

The process of manufacture of roof coating releases high Volatile Organic Compound (VOC) in the surroundings which is highly dangerous for the environment. The emission of volatile organic compounds causes several harmful health related effects on the workers and also to the end-users. This leads to the trouble of chronic health issues like respiratory problems. Therefore, governments of many countries have laid regulatory rules on the manufacture of emulsion coatings and related products. In most countries, the limit set for the content of such volatile organic compounds, is 90 parts per million (ppm) of the total content, based on the weight of the total non-volatile content of the product. Any amount beyond the specified limit will lead to legal consequences. This is one of the biggest challenges restricting the growth of the roof coating market.

Roof Coating Market Industry Outlook

Facility expansion, production expansion, collaborations, partnerships, investments, acquisitions and mergers are some of the key strategies adopted by players in the Roof Coating Market. Major players in the Roof Coating Market include:

Royal Building Products Inc

NouryonAlltimes Coatings Ltd

Applied Graphene Materials

BASF SE

Akzo Nobel N.V.

RPM International Inc.

PPG Industries Inc.

The Sherwin-Williams Company

Hempel A/S

The Dow Chemical Company

Wacker Chemie AG

Sika AG

Nippon Paint Holdings Co., Ltd.

Acquisitions/Technology Launches

In 06 May 2020, Nouryon launched an energy-saving ‘cool-roof’ coatings by enhancing their ability to reflect light and improving their self-cleaning properties.

In 19 July 2019, Applied Graphene Materials (AGM), launched Advantage Graphene liquid coating roofing system with enhanced anti-corrosion performance along with their partner Alltimes Coatings Ltd (Stroud, UK).

In 10 June 2019, Royal Building Products Inc., acquired DaVinci Roofscapes L.L.C., a leading supplier of premium composite roofing and siding. This acquisition helped Royal Building Products Inc in establishing itself as a world leader in composite roofing industry.

Key Takeaways

Asia-Pacific market held the largest share in the roof coating market owing to growing population coupled with cheap construction labour in countries like India, China and Japan.

The increasing demand for eco-friendly and sustainable building structures such as urethane roofing and asphaltic coating is one of the significant factors driving the demand for roof coating market.

The surge in the activities of the construction industry is majorly driving the roof coating market.

Amid the Covid-19 pandemic, the roof coating market witnessed a major downfall due to the various restrictions laid down by countries across the globe.

Relevant Reports

A. Roof Insulation Market

https://www.industryarc.com/Report/16515/roof-insulation-market.html

For more Chemical and Materials related reports, please click here

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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Dispersant Market Forecast to Reach US$5.8 Billion by 2026

“Dispersant Market”
Growing Investment in Oil & Gas Production Activities is Estimated To Grow the Consumption of Dispersants Market

Dispersant Market is forecast to reach US$5.8 billion by 2026, after growing at a CAGR of 6.1% during 2021-2026 due to rising demand from end-use sectors such as construction, paint & coatings, oil & gas, agriculture, petrochemical, and others. Dispersants provide coating strength, stability, and protection from the harmful ultra virus. Dispersants help to improve the workability of fluids by reducing the viscosity of the dispersion. Also, the growing demand for solvent-based technology reduces volatile organic compound emissions in the environment, thus creating an increased demand for dispersing agents. Additionally, naphthalene sulfonate, lignosulfonate, acrylic acid, and others are used in the formulation of dispersing agents which provide consistent color, quality, stability durability, and reduce viscosity. Hence, due to such properties dispersants are widely used in paint & coatings, and other industries which is estimated to grow the dispersants market

Impact of COVID-19

The tragedy of COVID-19, which is declared as a pandemic by the World Health Organization, is having a noticeable impact on global economic growth. This has affected the demand and supply chain as well, thereby limiting the growth. Thus, all pending activities are limiting the demand for dispersants. 

Dispersant Market Segment Analysis – By Technology

Solvent-borne technology leads the global market of dispersants in 2020 as it is widely suitable dispersants for viscosity depression. Solvent-based technology leads to higher pigmentation in mill base formulation. This technology provides dispersant strength for flexibility and durability coatings. In architectural paints, dispersing additives, often based on low molecular weight, can replace alkyl phenol ethoxylate-based surfactants (APEO) which have commonly been used to formulate pigment concentrates. Hence, solvent-based technology is widely used for dispersing agents.

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Dispersant Market Segment Analysis – By Application

Construction dominated the global market for dispersants in 2020 and is growing at a CAGR of 5.1% during 2021-2026. The dispersant is a superplasticizer that is highly soluble in water and helps to increase the workability of concrete. This superplasticizer helps to increase strength of concrete mixture and make more impervious to water penetration. Dispersants, also known as friction reducers, are used extensively in cement slurry viscosity while they are being pumped into the well and to improve the rheological properties that relate to the flow behavior of the slurry. Hence, rising infrastructure activities are growing the consumption of dispersing agents. According to the Indian Government, the investment in national highways were Rs 1,001,780 million (US$ 15.39 billion) in 2017-18, Rs 1,279,930 million (US$ 18.13 billion) in 2018-19, and Rs 1,032,580 million (US$ 14.56 billion) in 2019-20. And works on 2,108 highway projects costing Rs 9,224,040 million (US$ 124.30 billion), were ongoing as of March 2021. Additionally, the National Infrastructure Pipeline announced to spend Rs 20.34 lakh crore on roads between 2020-2025. Apart from this according to the International Union of Railways (UIC), China could exceed 80,000km of high-speed railway line construction by 2030-2035. Hence, all such infrastructure activities increasing the market growth. 

Dispersant Market Segment Analysis – By Geography

APAC dominated the global dispersant market in 2020 with a share up of 32%, due to increasing infrastructure activities and growing consumption from end-use industries such as paint & coating, oil & gas, pharmaceutical, agriculture, and others. Dispersants are produced using different types of chemicals such as lignosulfonates, naphthalene sulfonate, acrylic acid, depending on their usage in different industries. It is widely used in industrial coatings that protect exterior and interior substrates from corrosion, abrasion, thermal, chemical, and ultraviolet (UV) degradation in both industrial environments. Thus, the increasing demand for automotive coatings in Asian countries is estimated to grow the consumption of dispersants. According to the International Trade Administration (ITA), the Chinese government is expected to run the production of automobiles with 35 million units by 2025. Furthermore, according to the India Brand Equity Foundation (IBEF), the Indian Government expects the automotive sector to attract US$8 billion to US$10 billion in local and foreign investments by 2023. According to the International Organization of Motor Vehicle Manufacturers, in Malaysia, the commercial and passenger car vehicle production increased by 1.2% to 571632 units in 2019 as compared to 564800 units in 2018. Additionally, dispersants are used as plasticizers or superplasticizers in concrete formulations to lower the use of water. Therefore, according to the National Development and Reform Commission (NDRC), in China, 14 construction investment projects were approved worth CNY177.8 billion (US$25.2 billion), following approvals of CNY68.9 billion (US$10.1 billion) in August 2020. Hence, increasing infrastructure activities is estimated to grow the market size of dispersants.

Dispersant Market Drivers 

Increasing Demand from Paint & Coatings Industry

Dispersants are used to stabilize paints and coatings and reduce viscosity on the surface. Dispersants ensure the strength of paints, glossy floor and prevent sedimentation of particles. Thus, increasing demand for solvent-borne dispersion technology due to low surface tension is estimated to growing the consumption of dispersing agents. According to the American Chemistry Council (ACC), in the United States, solvent-based coatings are widely used for industrial coatings, which account for approximately 65 %. Additionally, increasing vehicle production is also growing consumption of paint & coatings which, in turn, is estimated to grow the market size. According to the International Organization of Motor Vehicles Manufacturers (OICA), global vehicle production increased by 21.08 million in January-March 2021 as compared to 18.03 million in January-March 2020. Thus, increasing demand for dispersing agents from paint and coatings is estimated to grow the market of dispersants. 

Growing Investment in Oil & Gas Production Activities is estimated to Grow the Consumption of Dispersants

The dispersant is used as a drilling chemical in oilfield applications. Dispersants drilling chemicals sprayed on the surface increase the flow of the sticky oil to break down into small particles. Dispersants also decrease the ability to absorb oil from the ocean surface. Thus, increasing investment in oil & gas production is estimated to grow the consumption of dispersants. According to The Canadian Association of Petroleum Producers (CAPP), investments in oil sands operations and conventional oil & gas production is expected to rise nearly from US$19 billion (C$24 billion) in 2020 to US$21 billion (C$27 billion) in 2021. Additionally, oil and gas companies will invest C$27.3 billion in 2021. Hence, all such factors are expected to drive the growth of the dispersants market. 

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Dispersant Market Challenges

Volatility in Raw Material Prices

Naphthalene sulfonate is used in the formulation of dispersants that are produced by coal tar or petroleum. Furthermore, lignosulfonate is also used in formulation in dispersants and petroleum recovery operations. However, the fluctuations in prices of crude oil are also fluctuating the production of dispersants. According to BP static, Global oil production fell by 60,000 barrel per day was more than offset by a decline in Organization of the Petroleum Exporting Countries (OPEC) production, led by the USA, (-2 million b/d), Iran (-1.3 million b/d) Venezuela (-560,000 b/d) and Saudi Arabia (-430,000 b/d). Additionally, according to the U.S. Energy Information Administration (EIA), crude oil prices decreased by US$ 41.69 per barrel in 2020 compared to US$ 64.34 per barrel in 2019. However, according to BP static, oil prices declined to US$64.21/bbl in 2019 as compared with US$71.31/bbl in 2018. Thus, fluctuations in prices of crude oil may decrease the formulation of dispersants which may hamper the market growth. 

Dispersant Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Dispersant Market. Major players in the Dispersant Market include:

● BASF SE

● Ashland Inc.

● Arkema Group

● The Dow Chemical Company

● Clariant AG

● Solvay Chemicals

● Ecolab Deutschland GmBH

● The Lubrizol Corporation

● Evonik Industries AG

● Uniqchem, and among others. 

Key Takeaways

● Asia Pacific dominates the market of dispersant market due to growing infrastructure activities in developing countries such as India, China, and Others.

● The demand from paint & coatings is increasing as dispersing agents protect the interior and exterior of vehicles from anti-corrosion and stone-chip resistance. Thus, increasing vehicle production is estimated to grow the consumption dispersants.

● According to the International organization of Vehicle Motor Manufacturers (OICA), commercial vehicle production increased by 31.4% to 5731161 units in 2020 as compared to 4360472 units in 2019.

● Additionally, naphthalene sulfonate, lignosulfonate, acrylic acid, and others are used in the formulation of dispersants that are produced by coal tar or petroleum, which may hamper the market growth.

Relevant Reports

A. Food Leavening Agent Market

https://www.industryarc.com/Report/17828/food-leavening-agent-market.html

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AS-Interface Market Anticipated to Reach $1.48 Billion by 2026

“As-interface Market”
Growing Adoption of Automation Tends To Drive the Market Growth for As-Interface Market

AS-interface Market is anticipated to reach $1.48 billion by 2026 at a CAGR of 5.42% during the forecast period 2021-2026. AS-Interface is an intelligent cabling system that eliminates the need for individual wires to connect a Programmable Controller to sensors and actuators. AS-Interface is a Master-Slave system that allows a single AS-Interface Master to exchange I/O data with up to 62 AS-Interface Slave devices. Increasing norms for worker safety in industrial areas coupled with rising adoption of automation across industries has significantly triggered the demand for AS-Interface technology. In addition, Governments are estimated to expand their support to accelerate the adoption of automation resulting in an expansion of the AS-Interface market. Automation of business processes have provided significant business growth and will provide more in the future, according to a survey conducted in mid-2019 among 502 senior executives of large and medium enterprises from eight countries, including Canada, France, Japan, India, Singapore, Germany, the United Kingdom, and the United States. AS-interface is used in the distributed control system (DCS), programmable logic controllers (PLCS), PC-based automation system as an industrial networking solution, which is a growth contributing factor for the rising adoption of AS-interface technology. Hence, these factors will drive AS-interface market size in the forecast period 2021-2026.

AS-Interface Market Segment Analysis – By Component

By component, AS-interface market is segmented into AS-Interface Slave, AS-Interface Gateway/Master, AS-Interface Power Supply, AS-Interface Cable, AS-Interface safe and AS-Interface Power 24V. AS-Interface Master/gateway is estimated to hold the highest market share among all the components during the forecast period 2021-2026 owing to the rising adoption of automation across industries. In June 2019, UiPath published a report on present and future progress of automation, and according to the survey report 90% organizations already using the automation technology to conduct the business processes. A single master can offer connection to a large number of AS-Interface slaves, which is a considerable factor, enhancing the growth of this market. Apart from that, Master can detect faults, provides connection to the higher level of control system and monitors the communication among the connected device as well as the working of connected slaves. Thus, above mentioned factors are analyzed to drive the market in the forecast period 2021-2026.

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AS-Interface Market Segment Analysis – By End User Industry 

This market is segmented into automotive, metal, power, chemical, food and beverages, oil and gas, pharmaceutical, manufacturing, water and wastewater treatment, electronics and semiconductors, mining and others, on the basis on end-user industry. Pharmaceutical is anticipated to witness significant amount of growth with a CAGR of 4% in the forecast period 2021-2026, owing to growing investments in this sector. According to the report of Invest-India, the pharmaceutical sector witnessed growth at a CAGR of 22.4% during 2015-2020, and reached US$55 billion in the year 2020. Out-break of COVID-19 had a positive impact on pharmaceutical industry. The rise in COVID cases and the growing health awareness among public are the key factors behind the massive amount of investment, resulting in higher demand for AS-Interface technology. Hence, rising investment in pharmaceutical industry is being seen as the opportunity for the players operating in the AS-Interface market, driving the market growth in 2021-2026.

AS-Interface Market Segment Analysis – By Geography

North America dominated the market by a market share of approximately 30% in 2020. Early adoption of new technologies and increasing safety norms are the key factors contributing to the market growth. The government initiative, in order to enhance industrial worker safety, promotes the adoption of this technology in the region. Apart from that, increasing adoption of industrial automation plays a major role in the growth of this market. According to the report of UiPath, published in June 2019, 61 % of US organizations use automation extensively. Furthermore, APAC is projected to have the fastest growth during 2021-2026, owing to increasing investment across industries, rapid digitalization, economic development, and growing penetration of advanced technologies. According to some recent research report, Indian organizations are very much satisfied with the benefits resulting from automation and expecting financial profitability, revenue growth, operational cost reduction and others from the penetration of automation. Apart from that, India is anticipated to be the third-largest manufacturer of automobiles in the world, which will fuel the adoption rate of automation, resulting in growth of AS-Interface market. Hence, this type of developments across industries are analysed to drive the market in the forecast period 2021-2026.

AS-Interface Market Drivers

Growing Adoption of Automation tends to drive the market growth for As-Interface:

Increasing adoption of automation is one of the major drivers for AS-Interface Market, triggering the growth for this technology. Integration of pc-based automation system across industries, offers greater efficiency, higher reliability, enhanced plant asset management, production boost, better process speed and cost effectiveness, which is accelerating the funding by enterprises to remain productive, therefore, driving AS-interface industry growth. In September 2020, the U.K. government announced plans to invest around $180 million into the second round of its “Manufacturing Made Smarter” scheme, which is aimed at promoting interconnectivity and innovation in the country’s manufacturing sector. In October 2019, Automation Anywhere launched AI-powered RPA-as-a-service Platform to accelerate the adoption of Robotic Process Automation across the world. This product ensures easy and fast installation process, flexible connection, safe transmission of data and energy and others, enhancing the process standard across industries. Thus, the increasing adoption of automation positively impacts the market growth.

Growing requirement for safety measures in various industries propels the market growth:

Increasing requirements for safety measures across industries and government initiatives along with regulatory norms to maintain the safety level is fuelling the adoption of automation as well as intelligent cabling system, master-slave system and others. For instance, the Ministry of Foreign Affairs of Russian Federation, requested UNIDO to conduct an international conference with Rostechnadzor, to increase awareness regarding industrial safety and security. Similarly, OSHA issued some regulations, which include safety and health standards to ensure the safety of the wide range of workers. Such strategic safety measures by government bodies are augmenting the growing adoption of AS-interface technology globally and set to boost the market growth during 2021-2026.

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AS-Interface Market Challenges

Lack of Expertise and Skills act as hindrance to the market growth for As-Interface:

Although AS-Interface market is growing at a rapid phase, the lack of technical expertise is estimated to hinder the market growth. For using AS-Interface and to get the complete benefits of this technology, experienced workers with specific skills are required which is hard to find. According to report of ESG and the Information Systems Security Association (ISSA) 2019, only 7% of cybersecurity professionals claim that their organization has improved its position relative to the cybersecurity skills shortage over the past few years. Alternatively, 45% say that things have gotten worse while 48% believe things are about the same today as they were in the past. Hence, the lack of skilled experienced workers will hinder the market growth in the forecast period 2021-2026.

AS-Interface Market Landscape

Technology launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the AS-interface market. In 2020, the market of AS-interface industry outlook has been fragmented by several companies. AS-interface top 10 companies include

● Bihl+Wiedemann GmbH

● Pepperl+Fuchs GmbH

● Siemens AG

● Valmet Corporation

● Schneider Electric SE

● Baumer Electric AG

● ABB Ltd.

● Emerson Electric Co.

● IFM Electronic GmbH

● Phoenix Contact GmbH & Co. Kg, among others.

Acquisitions/Technology Launches

● In January 2019, Pepperl+Fuchs acquired US-based industrial Ethernet Communication manufacturer, Comtrol Corporation, to enhance its portfolio of Sensorik 4.0 solutions and interface technologies including AS-Interface, IO-Link master and industrial connectivity.

● In February 2019, Emerson announced the acquisition of Intelligent Platforms business of General Electric, making Emerson, a global leader in automation for process and industrial automation, by expanding its machine control and discrete application capabilities.

Key Takeaways

● North America dominated held the major market share in 2020. This is mainly attributed to early adoption of new technologies, government regulations and others.

● The demand for AS-interface is estimated to witness significant upsurge during the forecast period, owing to the growing adoption of automation across sectors globally.

Relevant Report Titles:

A. Human Machine Interface Market

https://www.industryarc.com/Report/15726/human-machine-interface-hmi-market.html

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About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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In Mould Labelling Market to Grow at a CAGR of 5% During 2021-2026

“In Mould Labelling Market”
Growing demand for the healthcare industry will also act as a driver for the growth of the in mould labelling market during the forecast period.

In mould labelling market size is forecast to reach US$2.9 billion by 2026, after growing at a CAGR of 5% during 2021-2026 owing to rising demand from various end-use industries such as consumer goods, home, and personal care, food and beverage, and electronics and electrical industry. Materials such as polypropylene, polypropylene, polyvinyl alcohol, and polyvinyl Chloride are widely used in in-mould labels to improve their tear-resistant capacity which makes packaging last for a long time. The rapid growth of labels for giving a colorful decorative look to the product is contributing to the growth of in mould labelling industry. In mould labelling industry is constantly working on improving technology to reduce the cost of high-quality printing even at a low volume of labels, which has resulted in the growing demand for digital printing technology. All these factors are driving the growth of in mould labelling market and are anticipated to drive the growth during the forecast period.

COVID-19 Impact

The in mould labelling market was affected by the COVID-19 pandemic in 2020, due to the strict government restrictions. The government restrictions enforced the closure of non-essential activities, owing to which there was a supply disruption of raw materials. Also, the automobiles industry saw a decline in production and faced huge losses at the global level. For instance, according to the Organisation Internationale des Constructeurs d’Automobiles (OICA), in the year 2019, the global production of passenger cars were 6,71,63,769 units and it declined in the year 2020, to 5,58,34,456 there was a decline was -16.9% compared with the year 2019, which resulted in a decline in demand in mould labelling industry. However, in 2021 due to the proactiveness of the countries production of manufacturing goods started again with reduced labor or with automation. As a result, the in mould labelling market was not as adversely affected as it was affected in 2020. It is forecasted that by mid-2022 the effect of COVID-19 will be curbed out and this would lead the market situation back to normalcy as it was before the COVID-19 pandemic.

In Mould Labelling Market Segment Analysis – By Material

The polypropylene segment held the largest share in the in mould labelling market in 2020. Polypropylene is widely used as a material in in-mould labelling because its additional polymer thermoplastic serves multiple benefits for in-mould labelling such as it increases durability, longevity, and resistance. Because of its moisture resistance capacity, it is widely used across the industries and specifically in the healthcare sector where label serves huge importance. Apart from this bottles and containers that are manufactured using polypropylene material can be recycled without removing the labels. As per the International Waste Shipment Amendment 2019, a mixture of polypropylene (PP), polyethylene (PE), and polyethylene terephthalate (PET) can continue to export under Green List controls on the proviso that they will be recycled separately. Due to these benefits, the use of polypropylene material has increased in the in mould labelling market.

In Mould Labelling Market Segment Analysis – By Technology

The injection moulding segment held the largest share in the in mould labelling market in 2020. Injection moulding technology helps in fast production with higher efficiency as a result of this the per hour production of in mould label increases. It gives a 3D effect to the labels, this helps in creating an appealing decorative label for the product. Apart from this injection moulding technology is cost-effective in comparison with other technology because it has low labor cost, high-output production, and low scrap rate. Due to these advantages, there has been a growing demand for injection moulding technology in in-mould labelling industry.

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In Mould Labelling Market Segment Analysis – By Printing Technology

The flexographic printing segment held the largest share in the in mould labelling market in 2020. It can be used on porous and nonporous surfaces which makes it easier to mold various kinds of polymers. It is widely used in food packaging labels. Food and beverages are the dominating categories of in mould labelling where flexographic printing is used. Because flexographic printing is quick-drying and uses non-toxic ink which makes the food safe. As a result of all these factors, there has been a surge in the demand for flexographic printing in in-mould labelling industry and is expected to grow in the future projected period also.

In Mould Labelling Market Segment Analysis – By Printing

InkThe UV curable ink segment held the largest share in the in mould labelling market in 2020. As the in mould labelling process is carried out under high temperatures. Conventional inks can’t be used in in-mould labelling because they have inadequate heat and chemical resistance and as a result of this during the process, they get washed away. UV curable ink has chemical and abrasion-resistant properties due to this it is widely used. Also in comparison with other inks, it is cost-effective the ink isn’t absorbed by the material as a result of this there’s no smudging and no additional costly coating is required. Due to these factors UV curable inks demand is growing in the in mould labelling market.

In Mould Labelling Market Segment Analysis – By Application

The label segment held the largest share in the in mould labelling market in 2020 and is growing at a CAGR of 6% during 2021-2026. The label serves as an integral part of the final product. With the use of mould, labels become heat resistant and durable it results in increased longevity of the labels. For food and beverages, healthcare, personal care, and other such industries it becomes necessary to display the content of the product on the labels. And the regulations are changing from time to time. For instance, in 2019 the U.S Food and Drugs Administration announced changes to the nutrition facts label. These changes in mould labelling become cost-effective measures in comparison with other packaging options. Thus growing demand for the label industry will drive the in mould labelling market.

In Mould Labelling Market Segment Analysis – By End-Use Industry

The food and beverage segment held the largest share in the in mould labelling market in 2020 and is growing at a CAGR of 6.8% during 2021-2026. In mould labelling is widely used in the food and beverages sector because it helps in increasing the durability of the packaging of the product. The containers manufactured from in mould labelling can bear very low temperatures thus they are ideal for containers of yogurt, ice cream, cheese, butter, and other such frozen containers. The disposable income of the people is increasing and at the global level there has been growth in the population as a result of this there has been a growth in the demand for food. Also, there has been an increase in the exports of food and beverages. According to, Food and Drink Federation of UK (FDF), in 2019 food and drink export increased by 4.3% reaching a total of approximately US$28 billion. As a result of these factors, there has been an increased demand for in mould labelling in the food and beverage industry.

In Mould LabellingMarket Segment Analysis – By Geography

The Europe region held the largest share in the in mould labelling market in 2020 up to 42%. The growing demand for food and beverage, home and personal care products, consumer goods, and healthcare are the reason for Europe’s dominance in in-mould labelling market. The per capita income of the citizens is growing which has resulted in the growing demand for consumer goods resulting in the growth of in mould labelling. Europe’s food and beverages industry exports growing at a consistent rate. For instance, according to Food Drink Europe (FDE), the exports of food and beverages of Europe stood at US$44 billion in the 4th quarter of 2018 and in the 4th quarter of 2019 it was US$46 billion, which saw an increase of 2% growth. The growth of Europe’s cosmetic sector is also driving the in mould labelling market. According to Cosmetics Europe, the Personal Care Association, in 2019 Europe was the largest cosmetic market at a global level with a value of US$94 billion. Due to these benefits the in mould labelling market is been growing exponentially in the European region.

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In Mould Labelling Market DriversRapid Development in the Healthcare Industry

In mould labelling is very much important for the healthcare sector. It provides resistance towards moisture and any other change which may damage the packaging of medicines and medical equipment. At the global level, there has been an increase in the demand for vaccines. According to World Health Organization (WHO), at the global level demand for vaccination was 3.5 billion with a global market value of US$26 billion in the year 2018, and in the year 2019 the global demand stood at 5.5 billion with an increase of 57% compared to 2018 moreover, the global market value stood at US$33 billion with an increase of 26% compared to 2018. Moreover, there has been an increase in the demand for healthcare equipment. According to Invest India, India’s medical device is industry is will reach US$50 billion with a CAGR of 37% by 2025. The growing demand for the healthcare industry will also act as a driver for the growth of the in mould labelling market during the forecast period.

Growth of electronic and electrical products industry

There has been considerable growth in the electronic and electrical products industry wherein mould labelling is used to give the product a colorful esthetic feel. The smartphone industry is growing exponentially. According to Global System for Mobile Communication, by the year 2025, there will be some new 700 million new mobile subscribers. The sales of electronic and electrical goods are rising and this is leading towards the growth of in mould labelling market. Moreover, there has been an increase in the production of consumer electronic equipment, especially in the Asia-Pacific region. For instance according to, Japan Electronics and Information Technology Industries Association (JEITA), in December 2019 the production of consumer electronic equipment was at US$356 million and in December 2020 it increased to US$380 million with an increase of 6.8% compared to the year 2019. The growing demand for the electronic and electrical industry will also act as a driver for the growth of the in mould labelling market during the forecast period.

In Mould Labelling Market Challenges

Environmental Issues

The major challenge hindering the growth of in mould labelling industry is the use of plastic in the labels and its disposable concerns. The mass production and non-recycling of plastic add an increase in plastic landfills. According to UN Environments, only 9% of the plastic is been recycles rest lies in the landfills, dumps, and natural environment. Moreover, there are restrictions on the processing of containment plastics. For instance, as per the International Waste Shipment Amendment 2019, only plastics destined for the recycling operations, and which consist of only one type of plastic and are almost free from pollution, can be exported under ‘Green Book’ waste. All these factors are adding to the challenges for the in-mold labelling market.

In Mould LabellingMarket Landscape

Technology launches, acquisitions, and increased R&D activities are key strategies adopted by players in the in mould labelling market. Major players of the in mould labelling market include:

CCL Industries Inc.

Constantia Flexibles Group GMBH

Huhtamaki Group

Coveris Holding S.A.

Cenveo, Inc.

Fuji Seal International, Inc.

Multicolor Corporation

EVCO Plastics

Inland Label & Marketing Services, LLC

Innovia Films Ltd.

Acquisitions/Technology Launches

In July 2021, Multi-Colour Corporation acquired Hexagon. This acquisition was undertaken in order to fulfill the high demand for in mould labelling.

Key Takeaways

Europe region dominates the in mould labelling market, owing to the wide usage of in mould labelling in the food and beverages industry. According to, Food and Drink Federation of UK (FDF), the total manufacturing in the year 2018, for food and drinks, was US$33 billion it increased by 3.6% in 2019 and stood at US$34.2 billion.

The growth of the pharmaceutical industry is impacting the growth of the in mould labelling market as it is used in the packaging of medicines. For instance, according to Invest India, the pharmaceutical industry of India will reach US$65 billion by 2024.

As the demand for the personal care industry is growing, it is leading the growth of in mould labelling industry because it helps in enhancing the decoration on labels.

Moreover, due to its qualities of durability and heat resistance, it is widely used in the food and beverages industry.

In mould labelling use is increasing in the chemicals industry to make the product packaging more durable and also these products require packaging which has resistance towards heat and ultimately it is leading the growth of in mould labelling industry.

Relevant Reports

Private Label Food and Beverage Market

https://www.industryarc.com/Report/17777/private-label-food-beverage-market.html

For more Chemicals and Materials related reports, please click here

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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Hemodynamic Monitoring Systems Market Size Projected to Grow at CAGR of 6.2% During 2021-2026

“Hemodynamic Monitoring Systems Market Size Projected to Grow at CAGR of 6.2% During 2021-2026”
Technological Advancements Upsurge the Demand Of Hemodynamic Monitoring Systems is Driving Hemodynamic Monitoring Systems Market Growth

Hemodynamic Monitoring Systems Market size is estimated at $998 Million in 2020, projected to grow at a CAGR of 6.2% during the forecast period 2021-2026. Hemodynamic monitoring systems take blood pressure readings directly from the veins, heart, and arteries. They also check blood flow and oxygen levels. The major role of these devices is to monitor heart activity. The hemodynamic systems supply information on blood pressure, blood volume, and fluid balance. These systems also include interfaces for documenting diagnostic catheterizations, Esophageal Doppler, Transesophageal Echocardiography, coronary, peripheral, and electrophysiology (EP) operations. Auto-populating fields in the physician report, which may be linked to an external cardiovascular information system, can help speed up workflow (CVIS). Some systems allow many users to enter data for a certain process at the same time to help speed up case reporting. The system can also keep track of these modifications and determine which user entered the data. An increase in the aging population and patient pool, technological developments with regard to Esophageal Doppler, Transesophageal Echocardiography in Hemodynamic Monitoring Systems, and an increase in the number of surgeries are all driving the Hemodynamic Monitoring Systems market forward. The growing number of critically ill geriatric cases, rising prevalence of cardiovascular illnesses and diabetes, expanding demand for home-based and non-invasive monitoring systems, and technological improvements in the hemodynamic monitoring system are all driving the market. Furthermore, in 2018, the International Liaison Committee on Resuscitation (ILCOR) launched the first global “World Restart a Heart (WRAH)” project. The goal was to raise public awareness and boost bystander cardiopulmonary resuscitation (CPR) for cardiac arrest patients.

Hemodynamic Monitoring Systems Market Segment Analysis – By Type:

Based on Type, Minimally Invasive System Segment accounted for the largest revenue market share in 2020 and is also expected to grow with the fastest CAGR of 7.3% in the forecast period 2021-2026. The minimally invasive technologies aid in the continuous monitoring of stroke volume and provide dynamic information on fluid responsiveness. Some of the systems examine volumetric preload factors, while others emphasize continuous central venous saturation measurement using unique catheters, Esophageal Doppler and Transesophageal Echocardiography. These minimally invasive system variables, together with cardiac output, provide better hemodynamic monitoring. As a result of this advancement, the clinical adoption of minimally invasive hemodynamic monitoring is growing. Different approaches are commercially accessible, and they have proven to be adequate in replacing the PAC in specific clinical situations in recent years. Furthermore, because these procedures are easier to use (in comparison to the PAC), they may be used more widely and earlier in larger patient populations at risk of hemodynamic instability. Arterial cannulation, for example, is a minimally invasive way of hemodynamic monitoring that, when used in conjunction with modern equipment like the FloTrac system, can offer data on blood pressure and heart function, thereby, driving the segment growth. The Non-Invasive System segment is anticipated to grow with the second-fastest CAGR in the forecast period 2021-2026 owing to lower staffing costs, treatment costs, and hospital stays, rising incidence of respiratory disorders, fewer complications of non-invasive hemodynamic monitoring compared to invasive methods, better portability, ease of use, and precision. The technological advancements operating in the segment are going to drive the segment growth over the forecast period.

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Hemodynamic Monitoring Systems Market Segment Analysis – By End User:

Based on End Users, Hospitals/Clinics accounted for the largest revenue market share in 2020. This is owing towards ease of availability of advanced diagnostic and therapeutic medical technology, which allow for both faster and more accurate diagnosis. Furthermore, the presence of these advanced monitors as well as competent staff helps to this segment’s lucrative expansion. Concerns regarding patient safety have led to a variety of technological improvements in the Esophageal Doppler, Transesophageal Echocardiography sector, and as a result, these technologies are widely used in both developing and developed countries. The growing number of surgeries performed around the world, as well as the demand for painless surgeries, are propelling the industry forward. Nursing Homes are projected to witness the fastest CAGR of 7.1% during the forecast period 2021-2026. Nursing homes are privately operated establishments that provide maintenance and personal or nursing care for persons that are either old, chronically ill, or unable to take care of themselves properly. Hemodynamic Monitoring Systems are basic patient monitors that are used in the operating room to track the patient’s blood pressure and temperature while they are sedated. Patient monitors, on the other hand, are employed in settings such as the recovery room before or after surgery. Nursing stations frequently check the patient monitors that are utilized in hospital settings. Normally, monitors do not communicate with one another, but many telemetry (automated transmission) monitors allow patient data to be wirelessly transmitted to nursing homes hence enhancing the market’s growth.

Hemodynamic Monitoring Systems Market Segment Analysis – By Geography:

Based on Geography, North America Hemodynamic Monitoring Systems Market accounted for the 41% revenue share in 2020 owing to the presence of well-developed health care settings and increasing health awareness levels amongst the people. North America is predicted to command the greatest market share owing to the high prevalence of cardiovascular illnesses and diabetes, product introduction, and acquisition in this region. Visura Technologies, a medical device firm based in the United States, announced in July 2018 that the FDA had granted 510(k) approval to their TEECAD System, a single-use disposable camera system used during transesophageal echocardiography. Furthermore, according to the Heart and Stroke Foundation’s 2019 report, more than 62,000 people in Canada suffer a stroke each year, with the number anticipated to climb. Stroke affects more than 405,000 people around the country. According to the American Heart Association, roughly 69.0 percent of people who have a cardiac arrest and 77.0 percent of persons who have strokes have blood pressure that is higher than 140/90 mm Hg for the first time. As a result, monitoring blood pressure using these devices aids in the early detection and management of cardiovascular disease cases which drives the industry expansion in the region. Asia-Pacific is predicted to be the fastest-growing region during the forecast period 2021- 2026. The number of ailments, such as obesity, cardiovascular problems, and various types of malignancies, is expected to continue to climb in the region, contributing to an increase in the number of open and minimally invasive procedures which propel the Hemodynamic Monitoring Systems Market.

Hemodynamic Monitoring Systems Market Drivers

Technological Advancements Upsurge the Demand Of Hemodynamic Monitoring Systems is Driving the Market Growth:

Now a day’s people are more susceptible to degenerative diseases and chronic illnesses, resulting in a higher demand for procedures and treatments. For critically ill patients, noninvasive hemodynamic monitoring entails direct monitoring of blood pressure with finger cuffs and assessment of cardiac output with the pulse contour approach for Esophageal Doppler and Transesophageal Echocardiography. The Caretaker 4 from Caretaker Medical, for instance, measures continuous beat-by-beat blood pressure, heart rate, and other physiological data with a finger cuff. The need for surgical services grows as a country’s population ages. During the perioperative phase, elderly patients often require more care than younger patients, resulting in increased health-care costs. For instance, Getinge launched NICCI, its latest advancement in advanced hemodynamic monitoring, in October 2020, to provide continuous and noninvasive hemodynamic solutions to reduce the risk of chronic problems in patients with low blood pressure, thereby, aiding expansion to the Hemodynamic Monitoring Systems Industry.

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Hemodynamic Monitoring Systems Market Challenges

High Product Cost May Hinder Product Demand:

The Hemodynamic Monitoring Systems Market’s growth is hampered by the high implementation costs and a lack of information about how to handle equipment globally. The presence of traditional procedures and the high cost of equipment are some of the market’s limiting issues. In addition, hospitals are merging, and major group purchasing organizations, hospital networks, and other organizations are looking for ways to pool purchasing power. Economic conditions in the United Kingdom, for example, have been harmed as a result of BREXIT, with currency exchange rate volatility and a growing number of regulatory complications. These outcomes may have a negative impact on enterprises, financial conditions, or operational results in this market which further restrains the Hemodynamic Monitoring Systems Industry growth.

Hemodynamic Monitoring Systems Market Landscape:

The Hemodynamic Monitoring Systems Market’s main strategies include product launches, mergers and acquisitions, joint ventures, and regional expansion. Hemodynamic Monitoring Systems Market top 10 companies include:

Medtronic, Inc.

Mindray Medical International Limited

Nihon Kohden Corporation

Philips Healthcare

Baxter International, Inc.

Cardinal Health

Draegerwerk AG & Co. KGaAGE Healthcare

Heyer Medical AG

Smiths Medical, Inc.

Acquisitions/Product Launches:

In September 2019, Baxter International, Inc acquired Cheetah Medical, a prominent producer of non-invasive hemodynamic monitoring technology. The acquisition highlights Baxter’s continued commitment to enhancing clinical outcomes by utilizing a well-established patient monitoring technology to better inform and guide physicians’ treatment decisions.

Key Takeaways

Geographically, North America Hemodynamic Monitoring Systems Market held the largest revenue share of 41% in 2020 to higher production and sales of Hemodynamic Monitoring Systems in the region. The scope of the Hemodynamic Monitoring Systems Market for various regions will be provided in the final report.

Physicians’ growing awareness of the myriad factors that influence patient outcomes, such as the increasing incidence of lifestyle-related diseases continues to fuel the Hemodynamic Monitoring Systems industry’s expansion. Fluctuating the cost of raw material for Hemodynamic Monitoring Systems is poised to create hurdles for the Hemodynamic Monitoring Systems Market. The market’s growth will also be fueled by ongoing research and advancements in end-use is pushing the Hemodynamic Monitoring Systems industry forward during the forecast period 2021-2026.

Detailed analysis on the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Hemodynamic Monitoring Systems Market Report.

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Dairy Herd Management Market Size Estimated to reach $4.6 billion by 2026

“Dairy Herd Management Market Size Estimated to reach $4.6 billion by 2026”
Recent Adaptation Of Sustainable Practices Will Augment The Growth of The Dairy Herd Management Market.

The Dairy Herd Management Market size is estimated to reach $4.6 billion by 2026. Furthermore, it is poised to grow at a CAGR of 6.84% over the forecast period of 2021-2026. Dairy herd management provides insights and efficient management techniques, which the producers and managers can adopt. Moreover, the following management offers safer, healthier, and higher quality dairy products. Dairy herd management is highly correlated with the concept of smart farming, for which the modern-day lingo is- Third Green Revolution. Additionally, modern information and communication can help the producers and managers to offer sustainable produce with low labor dependence. Furthermore, milking parlours have started to adopt modern-day technological dairy equipment to assist them in finding any probable disease or find a low production from a particular herd. The insights readily provide with actions that can cross-correct the course of action. Furthermore, the following management practices promise to save time and money by using herd analytics, forage quality, and cow comfort.

The technological advancements to develop reliant systems and the growing need for finding sustainable products and processes are some of the factors driving the dairy herd management industry forward in the projected period of 2021-2026.

Dairy Herd Management Market Segmentation Analysis- By Product

The dairy herd management market based on the product can be further segmented into Automated Dairy Herd Management Systems and Standalone Software and AI. The automated dairy herd management systems held a dominant market share in the year 2020. It is owing to the vast areas of managing it covers. For example, the milk management systems can help enhance profits, reduce the wastage of milk, and, lastly helps in interacting with customers. Moreover, reproductive health management systems help confer the health of the mother and the newborn calf and the dietary supplements and intakes necessary. Moreover, the body condition of a pre-calving cow will influence her post-calving feed needs and her rebreeding performance. For example, a thin body condition at the time of breeding, post 20 days, will result in a 4% chance of pregnancy. However, a good body condition post-breeding can have a 65% chance of getting pregnant. The following aspects have helped the following segment in the market.

However, Software and AI is estimated to be the fastest-growing, with a CAGR of 7.6% over the forecast period of 2021-2026. It is owing to the advent of analytics and AI in the field of dairy management. Moreover, IoT tools have helped gain better insights for production, breeding, and overall health metrics which would help in achieving the objectives related to smart farming.

Dairy Herd Management Market Segmentation Analysis- By Application

The dairy herd management market based on applications can be further segmented into – Milk Harvesting, Feeding, Breeding, Heat Management and Comfort, Health Management, Calf Management, and Others. The milk harvesting segment held a dominant market share in the year 2020. It is owing to the dependence on the final products which can be manufactured by using automated systems. As a result, higher efficiency can be observed while using the management systems for the milk harvesting procedure.

Moreover, the milk harvesting segment is estimated to be the fastest-growing, with a CAGR of 7.9% over the forecast period of 2021-2026. It is owing to the various supplantation program such as SNAP by the USA and will help 42 million users with a benefit of $36 a month. The following would create demand, which will further help the market and the segment to grow.

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Dairy Herd Management Market Segmentation Analysis- By Geography

The dairy herd management market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. Europe held a dominant market share of 35% as compared to the others. It is owing to the region’s predominant position in producing dairy and other ancillary products related. As per the 2020 data factsheet, the European region contributed to around 65% of the total exports. With the rising farm sizes across the region, the need for dairy herd management systems was primarily utilized to maintain quality, quantity, and other distinguishing factors.

However, Asia-Pacific is expected to offer lucrative growth opportunities to marketers. It is owing to the growing demand for milk and dairy products from other regions. Moreover, Europe’s dominant position negatively affects the price and demand. Hence, the global organizations have started to expand their operations beyond, which will primarily help in the growth of the following region’s market in the projected period.

Dairy Herd Management Market Drivers

The recent adaptation of sustainable practices will augment the growth of the dairy herd management market.

Dairy herd managers have widely adopted sustainability models. For one, they help in conserving the environment. For two, they help them save costs in their daily operations. For example, MVP dairy, a budding farm model, has adopted manure management, soil health management, and bio-diversity in totality. The results generated from their regenerative farming provided them with strong results. They observed a CO2 reduction of 6,755 tons in a year, which was equivalent to saving energy from 662 American homes. Moreover, their manure management systems allowed them to emit 60% less emission than the traditional methods. Similarly, other managers of dairy herds save costs up to $200,000 a year by using organic digestate instead of chemical fertilizers, which in turn reduces carbon emissions and soil erosion. The following practices adopted will help in the growth of dairy herd management markets.

The usage of AI models and analytics has subjugated the demand for the following market.

Dairy producers have always encountered problems pertaining to labor shortages and hikes. Moreover, technology such as AI and analytics have helped in compensating for their need. For example, as per the recent testimonial by the DeLaval Dairy Service, age-old dairy producers, and managers, said that the challenge for finding reliable labor or people forced them to adapt to machines and robots in their daily activities. As a result, they adopted using robots, which helped save the hours and the labor cost associated by up to 52-54%; moreover, it helped to increase the consistency of post-dip application, which have helped mitigate the use of laborers in the broader terms.

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Dairy Herd Management Market Challenges

The advent of alternative dairy products and unethical dairy practices have hampered the growth of the dairy herd management market.

Alternative dairy products have taken the market by surprise. More so, the demand for alternative dairy products came into the spotlight when the ill effects on the dairy practices were highlighted. As per the researchers, a cup of coffee made from cow’s milk provides 53grams of C02, which can be mitigated by up to 50% if plant-based milk is used. Furthermore, soy milk takes 297 liters of water to produce; however, cow’s milk can take up to 1050 liters of water. The following discrepancies, along with ill practices for dairy production, is set to hamper the market’s growth.

Dairy Herd Management Market Competitive Landscape

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the dairy herd management market. The top 10 dairy herd management market companies include:

DeLaval Inc.

Merck & Co., Inc.

GEA Group Aktiengesellschaft

BouMatic

Afimilk Ltd.

Fullwood Packo

Dairymaster

Lely

VASPearson International LLC

Recent Developments

In January 2021, MSD Animal Health, a division of Merck & Co., Inc. went into a partnership with LIC Automation. The latter provides specialized and integrated herd management systems and testing sensors for the livestock. LICA is a leader in automation and technology for the dairy industry which in turn will help MSD Animal health especially in increasing its reach.

In March 2021, GEA Group launched their platform- GEA Dairy Net. The following would help in analyzing and collecting data at the milking parlors and help them achieve more efficiency. GEA has engineered this new herd and farm management system based on over 35 years of experience in the field and marks the latest evolution in the proven GEA DairyPlan system.

Key Takeaways

Geographically, Europe’s Dairy Herd Management Market dominated the market and held the largest revenue share in the year 2020. It is owing to the predominant position of the following region in producing raw milk. Moreover, the management systems for the dairy herd are predominantly used in controlling and producing the maximum output with sustainable practices. However, Asia-Pacific is set to offer lucrative growth opportunities in the projected period. It is owing to the recent adaptation of farmers to use technology. Additionally, the availability of cheap mobile internet has increased their subject knowledge and the associated benefits of adopting such practices.

The advent of the latest technology in dairy herd management is one of the drivers for the following market. However, ongoing campaigns and the availability of alternative dairy products are a growth dampener and are a grave market challenge.  

A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Dairy Herd Management Market report. 

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A. Dairy Alternative Beverage Market

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Satellite Remote Sensing Services Market to Grow at a CAGR of 11.5% during 2021-2026

“Satellite Remote Sensing Services Market”
Growth in adoption of Unmanned Aerial System fueling the growth of Satellite Remote Sensing Services Market.

Satellite Remote Sensing Services Market Size is forecast to reach $7.5 billion by 2026, at a CAGR of 11.5% during 2021-2026. Satellite remote sensing service is a process of detecting and monitoring the reflected and emitted radiation with the use of aircraft-based sensor technologies and classify objects on the Earth. The introduction of remote sensing, big data analytics, the Internet of Things (IoT) along with cloud computing is projected to propel the growth of the market. The most preferred remote sensing platform is the unmanned aerial vehicle (UAV) used for large-scale mapping, damage assessment, and others. Recently, Airbus has been selected to design and build second-generation meteorological satellites where the satellite remote sensing services are finding their applications. Increasing applications of remote sensing for earth observation is leading to the growth of the market.

Satellite Remote Sensing Services MarketSegment Analysis – By Platform Type

UAVsegment held a significant market share of 15% in 2020, as they are increasingly adopZted in the defense sector. The technological developments in the UAVs have led to the availability oQZQQf feasible technical solutions for airframes, flight controls, and communication and base stations. Owing to these technological developments the UAVs are widely used in military applications. At the University of Tokyo, the Jouhou Systems Kougaku Laboratory unveiled DRAGON drones. The dragon drone is a big drone and it consists of a number of small drones which is even capable of changing their shape in the midair. Moreover, in the military camps, these small drones can communicate with handheld ground station (GCS) units for giving information about threats and enemies. Furthermore, the UAV takes HD photos and provides live video feeds about real-time activities in military bases. All these factors are anticipated to boost the market growth in the forecast period.

Satellite Remote Sensing Services Market Segment Analysis – By End User

The defense sector is expected to witness the highest CAGR of 8.5% during the forecast period as this technology is used to provide essential intelligence information. The defense industry demands ever-increasing functionality in space-based equipment such as satellites, probes, and military weaponry. Also, as high altitude and low earth orbit aircraft become increasingly reliant on sophisticated electronics, the demand for satellite remote sensing services significantly increases. Hence these factors are analyzed to drive the Satellite Remote SensingMarket Size in the forecast period 2021-2026.

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Satellite Remote Sensing Services Market Segment Analysis – By Geography

North America region is dominating the Satellite Remote Sensing Services Market growth. This region held a significant market share of 15% in 2020. The U.S. Aerospace and Defense (A&D) industry is one of the world’s leading innovators and producers of technologically advanced aircraft, space, and defense systems. With the growing developments, the government of this region has announced several fundings, initiatives for the development of these sectors. In September 2019, the government has announced to fund $21.5 billion to NASA for its research and development activities. As NASA plans to develop spacecraft beam in orbit and satellites, the satellite Remote Sensing services provides high-resolution satellite data and resolution.

Satellite Remote Sensing Services Market Drivers

Surge in Development of Defense Sector:The remarkable growth of the defense sector predominantly in the APAC region, in particular, has resulted in increasing UAVs adoption in recent years. In 2019, the government has announced to spend $738 billion in Defense sector by 2020 for various operations including modernization of equipment’s. Moreover, Defense spending in various countries is rapidly increasing due to increased threats from other countries. In the year 2018 Mexico had a defense budget of around $ 6,568 million in 2018, a 13.6% increase from 2017, and it is expected to increase in the forecast period. These factors have driven the growth of the market.

Growth in adoption of Unmanned Aerial System:

The adoption of unmanned aerial systems is mainly due to its size and speed along with uses in varying applications. In the latest CORONA VIRUS-19 outbreak these UAVs have proved to be best in use throughout the sanitizing process. In the healthcare and social assistance during the COVID-19 outbreak the drones are used for medicinal deliveries. The UAVs are used for a variety of applications like inspection, mapping, surveillance, aerial videos, and many other applications. These factors are making them more prominent in the commercial, industrial and military sectors where the satellite remote sensing services are finding their application. These factors are fueling the growth of the market are analyzed to drive the Satellite Remote Sensing Services industry outlook in the forecast period 2021-2026.

Satellite Remote Sensing Services Market Challenges

Design related challenges of the unmanned aerial systems resulting in the less adoption of satellite remote sensing services hampering the market growth:The prominent disadvantages related with the unmanned aerial systems are the limited flying time, limited speed and endurance. Long distance aerial mapping and surveillance are tough tasks by the use of multi rotor UAVs owing to the fact that most of the multi rotor UAVs provide only 20-30 minutes fly time. This is low demand for the products and is set to negatively impact the procurement of satellite remote sensing services market during the forecast period 2021-2026.

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Satellite Remote Sensing Services Market Landscape

Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Satellite Remote Sensing services market. Top players operative in Satellite Remote Sensing Services include:

Airbus Defense and Space

Esri

DigitalGlobe

Boeing Company

Ball Aerospace & Technologies Corp.

Planet Labs, Inc.

ThalesGroup

UrtheCast

Mitshubishi Electric Group

PlanetLabs, Inc. among others.

Acquisitions/Product Launches

In September2021, Hancom Group launched private satellite for Earths observation in South Korea weighing less than 100kg.

In January 2019, SpecTIR Hyperspectral & Remote Sensing solution partnered with Northstar Earth & Space, Inc. to provide global information platform to monitor Earth.

Key Takeaways

North America is one of the most significant regions for the Satellite Remote Sensing Services Market, mainly due to the growth of the Defense sector and R&D in the space sector where this technology is used to detect more complex orientation changes.

Unmanned Aerial Systems (UAV) is expected to witness the highest CAGR of 15% during the forecast period, owing to various factors such as increased use in the commercial and defense sector, rising government expenditures, and others in countries such as India, China, and so on.

MEMS gyroscope is strengthening its position through mergers & acquisitions and continuously investing in research and development (R&D) activities of the remote sensing technology along with a vision to come up with solutions to cater to the changing requirements of customers.

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High and Medium Passive Components Market

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Stoma Care/Ostomy Care and Accessories Market Poised to Grow at a CAGR of 4.8% Over the Forecast Period of 2021-2026

“Stoma Care/Ostomy Care and Accessories Market”
increase in the geriatric population will supplement the growth of stoma care/ostomy care and accessories market

The stoma care/ostomy care and accessories market size is estimated to reach $4.43 billion by 2026 and is poised to grow at a CAGR of 4.8% over the forecast period of 2021-2026. Ostomy refers to the surgical procedure performed which results in a change in the way in which urine or stool exits one’s body. It is done owing to various diseases such as colorectal cancer and others that ultimately force the bodily waste to get rerouted. Additionally, a stoma is the opening created through the procedures after the ostomy surgery. It is generally located on the abdomen and is usually dark pink in color. Most of the surgeries exhibit people wearing the pouch just over the stoma, however a continent diversion can be created, and a person can avoid wearing the pouch. The most opted ostomies are colostomy, in which a surgery allows the opening within the large intestine, and the portion of the colon is removed, and the left-over colon is bought into the abdominal wall. The other specifics of ostomies are urostomy and ileostomy. The former allows to surgically divert the urine, while the latter focuses on creating an opening within the ileum. The higher cases of colorectal cancers along with a technological upgradation in the accessories are some of the factors driving the stoma care/ostomy care and accessories industry forward in the projected period of 2021-2026.

Stoma Care/Ostomy Care and Accessories Market Segmentation Analysis- By Products

The stoma care/ostomy care and accessories market based on products can be further segmented into bags and accessories. The bag segment held a dominant market share in the year 2020. It is owing to their usage post operation, and the variety in which they come. As per doctor’s analysis and patient’s need, the bag can be one-piece or two-piece. Moreover, the bags are used in cases of colostomy, ileostomy, and urostomy. The increase in the total cases of colorectal cancer globally has supplanted the need for bags. For example, as per Australian Journal, there were around 16,000 cases being reported in the region, and with the rise in total cases, colorectal cancer now ranks third which wasn’t in the top five a decade back.

However, the accessories segment is estimated to be the fastest growing, with a CAGR of 5.3% over the forecast period of 2021-2026. It is owing to their characteristics that suffices various social and personal needs. For example, accessories have seal bangs, rings, pouch covers, stoma caps, and various others. As per US CDC, the hospitalization cost for treatment of Crohn’s disease is close to $11,000. More product innovations will further help the growth of market.

Stoma Care/Ostomy Care and Accessories Market Segmentation Analysis- By End Users

The stoma care/ostomy care and accessories market based on end users can be further segmented into Home Care Settings, Hospitals, and Ambulatory Surgical Centers. It is owing to the benefits it offers over the hospitals and clinics. For example, as per various analysis, the outpatient service centers are 45-60% cheaper than traditional centers. Moreover, US saves around $15 billion by directing patients to ambulatory surgical centers. The chances of catching infections are significantly lower in ASCs as compared to hospitals.

However, home care settings is estimated to be the fastest growing, with a CAGR of 5.5% over the forecast period of 2021-2026. It is owing to the advent of various products and technologies which allow the patient to receive treatments at home, thereby, saving cost and time. Moreover, healthcare companies are using IoT and big data to ease the overall services. The following will result in the growth of the segment.

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Stoma Care/Ostomy Care and Accessories Market Segmentation Analysis- By Geography

The stoma care/ostomy care and accessories market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. Europe’s stoma care/ostomy care and accessories market held a dominant market share of 35% as compared to the other regions. It is owing to the overall high prevalence of IBD and other ailments in the following region. Moreover, around 0.2% of the population currently have IBD. Additionally, the direct health costs are extremely high in Europe, which now somehow are de-motivating people to adopt for surgeries, and rather gain biological therapy.

However, Asia-Pacific is set to offer lucrative growth opportunities to marketers in the projected period of 2021-2026. It is owing to the rising awareness amongst the afflicted patients. Moreover, marketers are observing an increasing trend of colorectal cancer and other digestive tract issues which in the future is projected to increase, which would allow them to gain lucrative returns.

Stoma Care/Ostomy Care and Accessories Market Drivers

The increase in the geriatric population will supplement the growth of stoma care/ostomy care and accessories marketAs per the analysis, colorectal cancer is highly prevalent in the geriatric population. As per various researchers, 70% of all the cases diagnosed with colorectal cancer were above the age of 65, more so, 40% were above the age of 75+. As per various analysis being done, it is nigh that the geriatric population ratio is on a rise owing to developed healthcare facilities and infrastructure along. As per CDC projections, adults over 65 years will break even with the children under 18. More so, for the entire US population, 24% will be adults by 2050. The trends are not limited to the USA and is highly prevalent in other regions as well. For example, in Asia-Pacific, it is expected that the share of 65+ year old will observe a rising trend of 2.5x in the coming decades.

The increasing prevalence of colorectal cancer, IBD, and other allied diseases have supplanted the growth in market

Various research has governed an increase in the cases of colorectal cancer across the globe For example, in India, a relative change of 20.6% has been recorded when it comes to the incidence of colorectal cancer, more so the incidence is close to 4.4 per 100,000. Similarly, in Australia bowel or colorectal cancer is most prevalent in people above 60 years and is the third most common cancer. Additionally, around 0.2% of the people living in Europe suffer from IBD. Additionally, around 200,000 cases of diverticulitis are diagnosed each year in the US. Moreover, the reasons attributed to the rising numbers are obesity, sedentary behavior, and poor diet. The rise in urbanization will promote obesity and sedentary lifestyle which will in turn benefits the market.

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Stoma Care/Ostomy Care and Accessories Market Challenges

The ostomy related complication dawn a social stigma and fatalities have been a major market growth dampener

The complications post-operation is highly prevalent in the global population. The incidences can vary between 21-70% in all the surgeries performed, however, it is particularly high in the first five years. Peristomal skin complication, which arises when there is a leakage from the stoma effluent. The following cases are prevalent by up to 43% in the global population. Additionally, the cost implication of such complications can really notch the total cost, thereby causing fear amongst the masses to stop from adopting to such surgeries. Retraction, stomal necrosis, stomal stenosis, prolapse, bleeding, and hernia are some of the other complications which can be seen in patients.

Stoma Care/Ostomy Care and Accessories Market Competitive Landscape

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the stoma care/ostomy care and accessories market. The top 10 stoma care/ostomy care and accessories market companies are-Coloplast A/S, Hollister Incorporated, ConvaTec Group, B. Braun, ALCARE Co., Ltd, Nu-Hope, Marlen Manufacturing & Development Company, Welland Medical Limited, Baohe Ostomy Care, Flexicare Medical Limited.

Recent Developments

In July 2021, Ostomy specialist- Trio Healthcare received a funding from a leading pioneer SWK holding corporation. The total amount for which the funding has been made is declared equivalent to $10 million. The following will allow the development in R&D for the firm and will support Trio healthcare’s plant to expand outer markets.

In November 2020, Trio Healthcare launched indigenous Genii stoma bag with silicone flange. Moreover, the company specifically revised and developed their Sil 2 Breathable silicone technology to develop their product Genii. The product is a unique silicone blend that gels great with one’s skin and hence, avoids any skin complication. It sticks brilliantly, allows the skin to breathe, and maintains the moisture content.

Key Takeaways

North America dominated the Colorectal Cancer market owing to the growing cases in the region. Excess consumption of unhealthy food and carbonated soft drinks in the region is set to add to growth of colorectal cancer cases in the market. The Colorectal Cancer market scope for different regions will be provided in the final report.

The increasing prevalence of colorectal cancer among individuals and the growing health awareness among masses is likely to aid in the market growth of Colorectal Cancer.

Detailed analysis on the Strength, Weakness and opportunities of the prominent players operating in the market will be provided in the Colorectal Cancer market report.

High cost of Colorectal Cancer surgeries and drugs is set to create hurdles for the Colorectal Cancer market.

Relevant Titles

Incontinence Product Market- Forecast (2021-2026)

https://www.industryarc.com/Report/15636/incontinence-products-market.html

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