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Sand Control Systems Market To Reach US$ 4,227.0 Mn By 2027
The global sand control systems market was valued at US$ 2,945.9 Mn in 2018 and is anticipated to expand at a CAGR of 4.03% from 2019 to 2027, according to a new report titled ‘Sand Control Systems Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027,’ published by Transparency Market Research (TMR) The global sand control systems market is driven by high demand for sand control in offshore and deep water applications. Offshore reserves are highly prone to sand contamination, and remediation is expensive. Advancement in techniques has enabled the use of sand control systems to counter deep-water challenges.
Rise in Need to Enhance Oil Production Efficiency Expected to Drive Market
Of late, there has been rising focus on improving oil production efficiency. In unconsolidated rock formations, sand production is one of the biggest challenges faced by well operators. Sand control is essential in these cases in order to maintain continuity in production and prevent the equipment from damage. Sand control is difficult to achieve in offshore applications. Development of advanced techniques is anticipated to fuel the global sand control systems market during the forecast period.
High Cost of Sand Control in Offshore Applications to Act as Restraint
Sand control is difficult to achieve. It is a high cost operation. Implementation of sand control systems is an important and critical economic decision. Difficulty in maintaining economic viability during the implementation of sand control systems is expected to restrain the market. It is particularly difficult in offshore applications where the economic costs are high. However, sand control is sometimes essential to realize the benefits of drilling operations.
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Gravel Packing Segment to Dominate Global Sand Control Systems Market
Based on technique the global sand control systems market has been segmented into gravel packing, standalone screens, resin coated gravel, plastic consolidation and others (including rate exclusion and high energy resin placement) Gravel packing was estimated to be the dominant segment of the global sand control systems market in 2018.
The segment is estimated to maintain its dominant share during the forecast period. Standalone screen is another commonly employed technique for sand control. Other methods such as resin coated gravel and plastic consolidation constitute smaller share of the global sand control systems market.
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Offshore Application Segment to Expand Rapidly
Based on application, the global sand control systems market has been bifurcated into onshore and offshore. The onshore segment constituted dominant share of the global sand control systems market in 2018. The segment is projected to expand at a rapid pace owing to the rise in drilling activities during the forecast period. Expansion in the offshore segment is also projected to augment the sand control systems market during the forecast period. Offshore drilling and exploration activities are rising globally. Furthermore, risks involved in offshore drilling are more as compared to those in onshore drilling.
Cased Hole Likely to be Dominant Well Completion Segment
In terms of well completion, the global sand control systems market has been classified into open hole and cased hole. Cased hole was expected to be the dominant segment of the global sand control systems market in 2018. The open hole segment constituted smaller share of the sand control systems market. However, the segment is projected to expand at a rapid pace during the forecast period owing to the increase in usage of open hole well completion in offshore and deep-water explorations.
Asia Pacific Leads Global Sand Control Systems Market
Based on region, the global sand control systems market has been split into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Middle East & Africa dominated the global sand control systems market in 2018. The region has a vast market for sand control systems considering the large-scale production of natural gas and crude oil. The region consists of countries such as Libya, Iran, Iraq, and Kuwait. These countries possess some of the largest proven resources of petroleum in the world.
In terms of growth rate, Asia Pacific is anticipated to be the leading region of the global sand control systems market in the near future. The market in Latin America is also projected to expand at a rapid pace; however, political and economic instability are some of the factors likely to restrain the sand control systems market in the region during the forecast period.
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High Degree of Consolidation among Market Players
The global sand control systems market is oligopolistic. It is dominated by large-sized players specializing in sand control and other oil-field related services. Key players such as Schlumberger Limited, Baker Hughes, Inc., Halliburton Company, and Weatherford International Limited dominate the sand control systems market. These companies possess high technical expertise. Other players operating in the sand control systems market include Grit Industries, Inc., RPC, Inc., Superior Energy Services, Inc., Variperm Limited, and Welltec
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Biogas Plant Market to reach 110,354 Plants by 2027
The global biogas plant market would chart significant growth over the period 2019–2027 owing to factors such as robust government support and a favorable regulatory framework, among many others. The steady CAGR (Compound Annual Growth Rate) of 6.3% would lead to an upward growth trajectory, thereby generating valuable opportunities of growth for players to tap into. The global Biogas Plant market volume is expected to reach a total number of 110,354 plants in 2027 from a total of 67,690 plants in 2018.
It is important to note here that the global biogas plant market is slightly fragmented and prominent names in the market include Ameresco, Inc., PlanET Biogas Global GmbH, Scandinavian Biogas, Biofrigas Sweden AB, Swedish Biogas International, EnviTec Biogas AG, Air Liquide, among others.
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The Green Energy Push for Sustainable Living to Drive Global Biogas Plant Market Ahead
Biogas is reducing our dependence on fossil fuels which are limited in terms of availability. Thus, it comes with no surprise that dwindling oil reserves are contributing positively to the growth of biogas plant market. And, it is worth noting here that it is considered a viable alternative for more than just its easy availability. Having a low carbon footprint, biogas is a green fuel and thus quite in demand. Besides, as awareness regarding global warming catches up with more and more people like wildfire, the demand for biogas would only see a steeper, upward curve over the forecast period.
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It is also worth noting here that there is a considerable move towards fueling transport vehicles with biogas and many nations have taken the lead such as France which has cities like Lille, which has been using biogas fuel for last 25 years. Norway, Finland, Sweden, Estonia and Lithuania are all quickly moving towards the fuel alternatives.
This demand for biogas for use as fuel, source of energy, would lead to increase in demand for biogas plants between 2019 and 2027
Asia Pacific Region to dominate the Global Biogas Plant Market Landscape
The Asia Pacific (APAC) region would witness significant growth over the forecast period owing to a number of factors such as increase in feedstock waste, other organic waste produced by household, and increase in government support to reduce imports and thus save valuable currency.
Other region that would show good growth statistics is Europe. The region is experiencing stringent emission norms which is not surprising considering the region is at the brunt of climate change. This is driving biogas consumption significantly, thereby propelling the global biogas plant market upward.
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Global Biogas Plant Market – Key Developments
In August 2018, a subsidiary of the WELTEC BIOPOWER Group, Nordmethan GmbH, has taken over an insolvent anaerobic digestion plant which produces biogas from horse manure in Südergellersen, Lower Saxony
In November 2017, WELTEC BIOPOWER GmbH signed a contract for a biogas plant extension of Estancias del Lago’s (EDL) milk powder plant in Uruguay
In March 2017, Evergaz announced the acquisition of two biogas plants in Germany. The two plants are located in Pessin and Dessau have a capacity of 1400 Nm3/h of biomethane and 950 kWe and have the particularity of carrying out a double recovery of biomethane injected into the network of natural gas and green electricity
The review is based on a TMR report titled, “Biogas Plant Market (Feedstock Type – Agricultural Waste, Energy Crops, Sewage Sludge, Industrial Waste, Food and Beverages Processing Residue, and Food and Beverages Waste) – Global Industry Analysis, Size, Share, Growth Trends and Forecast 2019–2027”.
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Fluoropolymer Lined ISO Tanks Market Insight and Trends 2027
North America, China, & Asia Pacific Fluoropolymer Lined ISO Tanks Market for Semiconductor Chemicals: Introduction
The fluoropolymer lined ISO tanks market for semiconductor chemicals in North America, China, & Asia Pacific was valued at US$ 263 Mn in 2018 and is anticipated to expand at a CAGR of 6% during the forecast period. Based on material, the polytetrafluoroethylene (PTFE) segment dominated the fluoropolymer lined ISO tanks market for semiconductor chemicals in North America, China, & Asia Pacific in 2018. This can be ascribed to the large-scale application of polytetrafluoroethylene for various industrial coatings and lining purposes. Asia Pacific is estimated to offer immense growth potential to the fluoropolymer lined ISO tanks market for semiconductor chemicals in the next few years.
Key Drivers and Restraints of North America, China, & Asia Pacific Fluoropolymer Lined ISO Tanks Market for Semiconductor Chemicals
Increase in international trade of food and chemicals/semiconductors is a major factor driving the fluoropolymer lined ISO tanks market for semiconductor chemicals in North America, China, & Asia Pacific. ISO tanks are designed and built as per the International Organization for Standardization (ISO). These tanks offer a sturdy, safe, and user-friendly mode of loading, carriage, transportation, shipping, and discharge of different grade chemicals adhering to the international norms and regulations of safety.
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ISO tanks are specifically designed to transport liquid bulk hazardous and non-hazardous chemicals, acids, industrial and edible oils, juice concentrates, wines, and raw materials. Rise in transportation of semiconductor chemicals and bulk liquids in Asia Pacific and North America is anticipated to boost the fluoropolymer lined ISO tanks market for semiconductor chemicals in these regions during the forecast period.
The demand for fluoropolymer has been increasing, owing to its property of extreme chemical resistance. Fluoropolymers possess excellent inertness to various chemicals and biological environments as well as hydrophobicity and lipophilicity. Fluoropolymers improve the operational performance and safety standards of aircraft and automobiles. They also lower the risk of fire in high-rise buildings. Furthermore, they help reduce pollution.
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Fluoropolymers are employed in a wide range of applications in various industries. This trend is expected to continue in the near future, thereby augmenting the fluoropolymer lined ISO tanks market for semiconductor chemicals. However, fluctuation in prices of raw materials is the major factor hampering the fluoropolymer lined ISO tanks market for semiconductor chemicals in North America, China, & Asia Pacific in the near future.
Asia Pacific a Highly Lucrative Region of Fluoropolymer Lined ISO Tanks Market for Semiconductor Chemicals
In terms of region, the fluoropolymer lined ISO tanks market for semiconductor chemicals has been bifurcated into North America, China, & Asia Pacific. Asia Pacific accounted for large share of the fluoropolymer lined ISO tanks market for semiconductor chemicals in 2018.
Key players operating in the fluoropolymer business in Asia Pacific are Zibo Bainisi Chemical Co.,Ltd, Dongyue Group, Gujarat Fluorochemicals Ltd., INOFLON, NexGen Fluoropolymers Pvt. Ltd., and 3G Fluoropolymers. China, Japan, and South Korea are the major revenue generators of the fluoropolymer lined ISO tanks market for semiconductor chemicals in Asia Pacific. China held major share of the fluoropolymer lined ISO tanks market for semiconductor chemicals in Asia Pacific in 2018. Demand for semiconductors has been rising significantly in the country. It is the largest purchaser and importer of chips in the world, led by its manufacturing expertise, specifically in consumer electronics.
Japan held a considerable share of the fluoropolymer lined ISO tanks market for semiconductor chemicals in Asia Pacific in 2018. The country possesses strong installed base of chemical, automobile, and electronic industries. These industries are among the key consumers of fluoropolymers. Japan also has the largest units of ISO tanks in Asia Pacific. These tanks are fluoropolymer lined and used for international trade. The fluoropolymer lined ISO tanks market for semiconductor chemicals in North America is expected to expand at a substantial pace during the forecast period
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North America, China, & Asia Pacific Fluoropolymer Lined ISO Tanks Market for Semiconductor Chemicals: Key Developments
In 2017, FISHER COMPANY produced the first Kynar PVDF (polyvinylidene fluoride) coating greater than 3mm, up to 6-10mm in thickness. Kynar PVDF is a tough engineering thermoplastic that offers a unique balance of performance properties.
Competition Landscape of North America, China, & Asia Pacific Fluoropolymer Lined ISO Tanks Market for Semiconductor Chemicals
The fluoropolymer lined ISO tanks market for semiconductor chemicals in North America, China, & Asia Pacific is fragmented, with a few leading companies holding major share. High capital investment and skilled & experienced manpower are required for the application of fluoropolymer-based linings. This create barriers for the entry of new players in the fluoropolymer lined ISO tanks market for semiconductor chemicals in North America, China, & Asia Pacific.
Key players operating in the fluoropolymer lined ISO tanks market for semiconductor chemicals in North America, China, & Asia Pacific are Praxair S.T. Technology, Inc., NICHIAS Corporation, Valqua NGC, Inc, Electro Chemical Engineering & Manufacturing Co, Allied Supreme Corp., Sigma Roto Lining LLP, FISHER COMPANY, Edlon, Pennwalt Ltd., Jiangsu Ruineng Anticorrosion Equipment Co.,Ltd, Gartner Coatings, Inc., Plasticon Composites, SUN FLUORO SYSTEM CO.,LTD., and EVERSUPP TECHNOLOGY CORP
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US On-Site Hydrogen Generator Market Share, Trends | Forecast 2027
Key Highlights
According to Transparency Market Research (TMR), the US on-site hydrogen generator market is likely to reach a valuation of US$ 191.4 Mn by 2027. The US on-site hydrogen generator market was valued at US$ 121.3 Mn in 2018 and is expected to exhibit a strong CAGR of 5.20% between 2019 and 2027. The report would provide detailed information about the working dynamics of the US onsite hydrogen generator market.
Use of Natural Gas is Most Beneficial for Market Growth
There are several factors that are helping to drive the growth of the US on-site hydrogen generators market. Amongst the several low expense feedstock utilized for the working of hydrogen generator operations (such as natural gas, biomass, water, or coal), natural gas is by far the most lucrative one. Thus an increasing availability of natural gas is projected to drive the growth of the on-site hydrogen generators market in the US. The generation of on-site hydrogen involves the use of steam reforming technology that utilizes natural gas for the delivery of hydrogen to its end users in most cost efficient way.
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“In recent years, there has been a growing demand for on-site hydrogen generators because of the growing productivity and awareness among end-users about their quality of the products that they use”, says research analysts who worked on the report. The growth of the market is also fueled by the increasing application of on-site hydrogen generators for cooling applications.
Companies to Consider Evolving Demands of End Users
“The leading players in the US onsite hydrogen generator market are making a conscious effort to adopt the use of steam reforming technology over the prevalent electrolysis for the on-site production of hydrogen on a long term basis. This is to be aligned with the consumer as well as environmental demands”, states the lead author of the research report.
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The companies in the market are registering progress by tapping into the demand of hydrogen in the remote and far off areas by providing them with on-site hydrogen generators. In addition to this, the companies are also expected to try to make more money by improving and optimizing their manufacturing capabilities and gaining entry into the newer markets by reducing costs involved in the industrial gas supply.
Competitive Landscape: Global US On-Site Hydrogen Generator Market
The research report states that the US market is being dominated by the top three companies operating in the region.
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These three companies are Praxair Technology Inc., Air Liquide, and Linde AG. The companies cumulatively accounted for around 68% of the overall market share in the year 2018. However, the research report expects large number of players entering into the US onsite hydrogen generator market in the near future. This is expected to create fragmentation of the competitive landscape that will lead the notable and established brands to form strategic alliances and joint ventures in order to stay relevant. Moreover, these companies are also expected to adopt inorganic marketing strategies such as mergers and acquisitions so as to stay on top of the competition in the US onsite hydrogen generator market.
US On-Site Hydrogen Generator Market – Key Developments
In January 2020, Air Products and Chemicals, Inc. announced that the company has planned it’s largest-ever investment so far in the United States of around US$ 500 Mn. The company also told that it has won a long-term onsite business model supply deal for a project with Gulf Coast Ammonia (“GCA”) in Texas City, Texas, U.S. According to the agreement, the company would build, own and operate its steam methane reformer (SMR) in order to produce hydrogen. The project would be the company’s largest SMR, which would be connected and extend to its existing hydrogen pipeline system in the Gulf Coast which is about 700 miles far from the generation location. Moreover, the company would also build, own and operate an air separation unit (ASU) for supplying nitrogen, and also own and operate a steam turbine generator for supplying power and other utilities to GCA’s new ammonia production facility.
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High Purity Quartz Sand Market Future Strategies and Growth Forecast till 2030
High Purity Quartz Market for UVC Lighting: Introduction
The global high purity quartz sand market for UVC lighting was valued at ~US$ 104 Mn in 2019 and is anticipated to expand at a CAGR of ~5% during the forecast period. The global high purity quartz sand market for UVC lighting is driven by increase in demand for high purity quartz sand in the global UVC disinfection equipment sector. Asia Pacific accounts for major share of the global high purity quartz sand market for UVC lighting, led by high demand for water disinfection equipment in the region.
Key Drivers of Global High Purity Quartz Sand Market for UVC Lighting
High purity quartz sand is obtained from natural resources of high purity raw quartz. Quartz is an abundant mineral present on Earth; however, resources of high purity raw quartz are limited. The excessive demand for high purity quartz sand in various end-use industries is fueling the efforts to find new locations of high purity raw quartz across the globe. Furthermore, manufacturers are developing improved processing methods to enhance purity levels of quartz during processing steps. For instance, Canada-based manufacturer Pyrogenesis Canada Inc. recently announced Gen 2 results of the ongoing project named PUREVAPTM Quartz Reduction Reactor test. The project aims to boost the commercial scalability of an existing method of PUREVAP QRR. The process has the potential to effectively produce silicon metal to be used in solar cells as well as high-tech semiconductors.
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High purity quartz sand is constantly replacing traditional glass materials in the production of UV lamps, as the usual glass blocks ultraviolet radiation, while pure quartz has high transmittance for light in the UV spectrum. Another important property of high purity quartz sand is that it can withstand high temperatures generated under normal operation while exhibiting a low coefficient of expansion. These factors are likely to drive the high purity quartz sand market for UVC lighting during the forecast period.
Limited Availability of Mines and Lack of Technical Knowledge about Production to Hamper High Purity Quartz Sand Market for UVC Lighting
The limited availability of quartz sand mines is a prominent factor restraining the high purity quartz market for UVC lighting. Currently, only two notable mines (Spruce Pine, North Carolina, the U.S; and Kyshtym, Russia) account for more than 95% share of the global high purity quartz sand market for UVC lighting in terms of production. Large numbers of mines in Australia, Canada, Mauritania, Russia, and Norway have reported high purity quartz possibilities; however, none of these is capable of producing a product that meets the IOTA standard on an economical and regular basis.
Consequently, prominent quartz companies are focusing on grades capable of producing poly-silica for the manufacture of solar PV cells. These companies are unable to enter the high purity quartz sand market for UVC lighting.
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The high purity quartz sand is considered a specialized market, with prominent suppliers reluctant to disclose their production as well as processing techniques due to the fear of losing their share to upcoming players. This is significantly hampering the entry of a large number of players, even those with high natural purity (99.9% +). However, a few silica startups are anticipated to introduce efficient production techniques to cater to the rising demand for high purity quartz sand.
Asia Pacific Key High Purity Quartz Sand Market for UVC Lighting
Based on region, the global high purity quartz sand market for UVC lighting has been divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of volume and value, Asia Pacific dominated the global high purity quartz sand market for UVC lighting in 2019. The increase in the number of water treatment plants in Asia Pacific is driving the high purity quartz sand market for UVC lighting in the region. China and Japan hold major share of the market in the region, owing to the presence of a promising semiconductor industry in these countries.
Key players prefer investing in Asia Pacific, as the region has presence of natural reserves such as mineral deposits and abundant availability of labor. North America is another key consumer of high purity quartz sand, with the presence of a large number of players, high-purity deposits, and manufacturing facilities in the region.
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Consolidated Nature of High Purity Quartz Sand Market for UVC lighting
The competition in the high purity quartz sand market for UVC lighting is consolidated, with two producers accounting for more than 80% share of the global production. This implies that prices remain steady. Covia Holdings Corporation held 72.30% share of the global high purity quartz sand market for UVC lighting in 2019, while The Quartz Corp., another major player in the market, constituted 10.30% share in the same year. China-based manufacturers occupied 7.50% share of the global high purity quartz sand market for UVC lighting in 2019. Deposits of quartz in China are not of high purity. The country purchases high purity quartz from the U.S. and Europe.
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Decorative Glass Market Projected to Gain Significant Value through 2020-2030
Decorative Glass Market: Introduction
In terms of value, the global decorative glass market is anticipated to expand at a CAGR of ~5% from 2020 to 2030. Decorative glass is often used in interiors of hotels, restaurants, and homes. Decorative glass is also employed in decorative floors, fountains & waterfalls, walls, glass skylights, suspended glass ceilings, decorative windows, and glass dividers. The application of decorative glass in the residential sector helps create a comfortable and safe living space. Thus, decorative glass is often used to cut down on heat and glare, filter out external noise, increase natural lighting, provide security, or improve décor. It is employed in various residential applications, including doors, windows, partitions, shelves, cabinets, staircases, and balconies.
Environmental Impact of Glass Production to Hamper Decorative Glass Market
Glass manufacturing is a high-temperature and energy-intensive activity, leading to the emission of combustion by-products (sulfur dioxide, carbon dioxide, and nitrogen oxides) and high-temperature oxidation of atmospheric nitrogen. Glass manufacturing is, thus a significant emitter of greenhouse gases (GHG), particularly carbon dioxide (CO2). The production of 1 kg of glass in a gas-fired furnace generates approximately 0.6 kg CO2; of this, 0.45 kg arises from fossil fuel combustion and 0.15 kg from dissociation of carbonate raw material (CaCO3 and dolomite) used in the batch.
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The GHG production is directly linked with the type of glass, the type of fossil fuel used, process energy efficiency, and the use of recycled glass or cullet. Furnace emissions also contain particulate matter (PM) and may contain low levels of metals, such as lead and cadmium. Other metals, including arsenic, are found in some special glass. Melting furnaces contribute between 80% and 90% of total pollutant emissions to air from a glass production facility. Therefore, environmental effects caused by glass production are estimated to hamper the global decorative glass market.
The glass manufacturing industry has higher average incidence of injury or illness than any other manufacturing sector. For instance, in the U.K., the rate of injuries in each of the glass industries is higher than the overall rate for “manufacturing” and higher than the combined rate for all industries.
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Single Glass to Offer Lucrative Opportunities for Decorative Glass Market
In terms of product, the global decorative glass market has been divided into single glass (colored, scattered, printed, and coated) and laminated glass (interlayer film [polyvinyl butyral], ethylene-vinyl acetate, thermoplastic polyurethane, polyester, and others). Single glass is projected to be a highly lucrative segment of the global decorative glass market during the forecast period. It is likely to expand at a CAGR of 5% from 2020 to 2030. Single glass has a smooth and durable surface that provides supreme surface finish. It is suitable for usage in a wide range of domestic and commercial applications, including kitchen & bathroom splashbacks, furniture, kitchen cupboards, doors, displays & balustrades, and windows.
Windows to be Key Application of Decorative Glass
In terms of application, the global decorative glass market has been segregated into partitions, stairs, wall cladding, windows, and others. The windows segment is anticipated to dominate the global decorative glass market during the forecast period. The windows segment accounted for a major share of the global decorative glass market in 2019. In terms of volume, the segment is anticipated to expand significantly during the forecast period. The segment is projected to account for more than 25% share of the global decorative glass market by 2030. This is estimated to boost the global decorative glass market in the near future.
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High Demand for Decorative Glass from Residential Sector
In terms of end use, the global decorative glass market has been divided into residential and commercial (offices, malls, hotels & restaurants, casinos, and others). The residential segment is anticipated to dominate the global decorative glass market during the forecast period. The segment is projected to account for more than 60% share of the global decorative glass market by 2030. The high share of the segment can be ascribed to rise in demand for better esthetics in the residential sector and high spending power of consumers in developing and developed countries.
Asia Pacific to be Lucrative Region of Decorative Glass Market
Based on region, the global decorative glass market has been split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific dominated the global decorative glass market in 2019. The trend is projected to continue during the forecast period. The demand for decorative glass is high in Asia Pacific, particularly in China, owing to increase in use of decorative glass in building & construction industry in the region. China is a prominent consumer of decorative glass in Asia Pacific. The expansion of the building & construction industry is a major factor propelling the decorative glass market in the country.
Competition Landscape of Decorative Glass Market
The global decorative glass market is highly fragmented. Compagnie de Saint-Gobain SA, AGC Inc., Nippon Sheet Glass Co., Ltd., SCHOTT AG, and Taiwan Glass Industry Corp. cumulatively held more than 40% share of the global decorative glass market in 2019. Leading players have taken initiatives to expand their presence in the global decorative glass market through acquisitions, increase in production capacities, and strategic partnerships.
Other key manufacturers operating in the global decorative glass market are RSL Inc., Bendheim, Guardian Glass LLC, ALUMCO LLC, Qingdao REXI Industries Co., Ltd, Glass Unlimited, NAM HENG GLASS GROUP, AVIC Sanxin Co., Ltd., Ginde Glass Co., LTD, and Noval Glass.
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RTD Coffee Market Insights, 2018-2026
The global RTD coffee market depicts a fragmented and competitive landscape. The market is witnessing emergence of several small players, who are increasing adoption with new tastes and flavors. Additionally, the global RTD coffee market is witnessing increased fragmentation due to expansion in emerging markets, reports Transparency Market Research (TMR). Some key players in the RTD coffee market are Starbucks Corporation, Nestlé S.A., The Coca-Cola Company, PepsiCo Inc., The J.M. Smucker Company, McDonald’s Corp., Monster Beverage Co., Suntory Holdings Limited.
The global RTD coffee market players continue to introduce new products with innovation to attract new buyers. Coffee drink continues to attract young customers and their open attitude towards new worldviews is favorable to growth. Additionally, trends such as sustainability also promise new opportunities for players in the RTD coffee market. Customers continue to demand sustainable coffee products, however, very few display a keen knowledge of sustainability.
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Due to robust trends of innovation, the RTD coffee market is expected to grow at a notable 8.0% CAGR during 2018-2026. Additionally, the market is expected to arise from an already healthy evaluation of US$ 9,141.7 Mn in 2018.
The main product driving the RTD coffee market will be the cold brew ready-to-drink coffee. This segment will rise at 9.4% CAGR during 2018-2026. Due to widespread availability of drinks such as mocha, cappuccino, and espresso, the RTD coffee market will register a healthy growth in the near future. Moreover, region wise, the Asia Pacific region will register the highest growth, with a 9.1% CAGR. Japan is a key market to watch out in the near future.
Growing Demand and Large Agricultural Output to Drive Robust Growth
According to United States Department of Agriculture, the world coffee production during 2018/19 will reach the record heights of 174.5 million bags.
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The output is expected to exceed its all-time high demand of 163.6 million bags. Due to large agricultural output, predictions are in the air that there will be a 10% drop in prices, further fuelling demand. Furthermore, coffee crop, Arabica will enter its biennial production cycle, and Robusta is rebounding back in demand. According to the United States Department of Agriculture, the ending stocks are projected to rebound to 37.1 million, increasing by 7.1 million. Growing demand for coffee, a great year for agricultural produce, and rebounding in old stocks are expected to drive major growth for the RTD coffee market.
European Union and United States are both expected to register an increase in their imports in the near future. While Europe is expected to increase its import by 1.1 million bags to 48.5 million, United States is expected to witness a 2.1 million bags increase to 26.5 million.
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E-Commerce to Drive Expansion of the RTD Coffee Market
E-commerce companies like Amazon are introducing new products into completely new markets every day. This is a boon for the RTD coffee market. Coffee has just started gaining traction in emerging markets of Asia Pacific. Coffee products like mocha and espresso are still not part of daily habits for many cultures, which are still accustomed to tea.
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On the other hand, RTD coffee products offer a convenient way to gain some energy in hectic work environments. Coffee provides a quick shot of mental boost, thanks to Caffeine. Additionally, due to growing competition between e-commerce giants to capture large market share, they also provide extremely cost-effective products. The cost-effectiveness of products, growing demand for coffee, and growing popularity of coffee among young people are likely to fuel expansion for the RTD coffee market.
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Solar PV Junction Box Market to See Incredible Growth by 2031 | TMR’s Study
Solar PV Junction Box Market: Introduction
Transparency Market Research delivers key insights on the global solar PV junction box market. In terms of value, the global solar PV junction box market is estimated to expand at a CAGR of ~8% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global solar PV junction box market.
Increase in investments in the development of renewable energy sources and favorable governmental policies and initiatives are expected to fuel the global solar PV junction box market during the forecast period.
Solar PV Junction Box Market: Dynamics
According to the “Global Trends in Renewable Energy Investment 2019” report published by the UN Environment Programme, the global investment in new renewable energy capacity in the past decade stood at more than US$ 2.5 Trn, with more solar power capacity installed than other generation technologies. More than 260 gigawatts (GW) of renewables were added in the world in 2020; of this, solar and wind in particular have exhibited remarkable growth, with 127 GW and 111 GW of new installations, respectively, in 2020. Together, they now add up more than 50% of the total installed renewables capacity.
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The cost of photovoltaic module has dropped significantly over the past few years. Governments are providing subsidies and encouraging the implementation of solar energy on a large scale. The current levelized cost of electricity (LCOE) of large-scale photovoltaic is lower than that of fossil fuel in some cases. New technological innovations, such as bifacial solar panel, can further reduce the levelized cost of electricity. Several advantages of bifacial solar panel over monofacial and increased investments by companies for innovation in solar panel are contributing to the rising demand for bifacial solar panels in the market.
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TE Connectivity has already developed and introduced the SOLARLOK PV Edge, a new-generation junction box designed for bifacial and half-cut solar panel applications. The new junction box has several advantages over centralized junction boxes. Shorter cross-connect foils and reduced dimensions of the junction box increase the efficiency of the panels. The rise in installation of bifacial solar panels is anticipated to drive the demand for solar PV junction box. Bifacial solar panel needs to have a small compact PV junction box, which can be attached to the edge of the panel. There exists lucrative opportunities for these compact solar PV junction boxes in bifacial solar panels. Thus, application of compact solar PV junction box in bifacial solar panel is projected to drive the solar PV junction box market in the near future.
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Solar PV Junction Box Market: Prominent Regions
North America is a key region of the global solar junction PV box market. The region accounted for one of the largest solar PV installations in 2020. Solar PV is booming in North America, particularly in the U.S., owing to the rise in utility-scale project installations, third-party owner model for residential applications, and availability of financial leasing schemes. This is driving the solar PV junction box market in the region.
Asia Pacific was a leading region of the global solar PV junction box market in 2020. China, Australia, and India are key countries of the solar energy market in Asia Pacific, owing to rapidly declining solar energy cost, and favorable policies and initiatives by governments of these countries. Utility-scale projects account for the majority of new additions in the region due to limited support for distributed applications. However, the share of commercial and residential installations in total investments is likely to increase between 2023 and 2025. Residential PV installations in China are expected to rise in 2021. Manufacturers of solar PV junction box are primarily concentrated in Asia Pacific, owing to the easy availability of raw materials and rise in governmental investments. This is estimated to drive the solar PV junction box market over the next few years.
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Latin America is a lucrative region of the global solar PV junction box market. The solar PV junction box market in the region has been expanding due to rapid growth in the installation of solar energy. The rise in the demand for energy is anticipated to boost the solar energy market in Latin America. Brazil, Chile, Argentina, and Peru are leading the way in solar energy in Latin America, as the climatic conditions in these countries support high irradiation, which is favorable for the generation of solar energy. Increase in demand for solar energy, decrease in hardware component prices, and financial support from governments are likely to boost the demand for solar PV junction box in Latin America during the forecast period.
Solar PV Junction Box Market: Key Players
Key players operating in the global solar PV junction box market are GEESYS Technologies, Targray, Elcom International, LEONI AG, Zhejiang Zhonghuan Sunter PV Technology Co. Ltd, Hosiden Corporation, Jiangsu Tongling Electric Co., Ltd., Stäubli International AG, VRM Energy Consultancy Services Pvt Ltd., TE Connectivity, and Baoding Yitong PV Science & Technology Co. Ltd.
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PVC Blister Packaging Market to Remain Lucrative during 2020-2030
PVC Blister Packaging: Introduction
Blister packaging is a kind of pre-formed plastic packaging, which is used for producing transparent and highly durable packs. It is commonly used in foods & beverages, consumer goods, pharmaceuticals, among others. Cavity or pocket is the primary component in blister packaging. The pocket is made of a thermoformed plastic and has the backing of paperboard or a lidding seal of aluminum foil or polymer. The polymeric material is mainly used in forming web of the blister packaging. Low cost is the major advantage of PVC in blister packaging. Additionally, PVC can be easily thermoformed. Hence, it is highly used in pharmaceutical applications.
Based on application, the global PVC blister packaging market can be segmented into consumer goods, pharmaceutical, industrial goods, food & beverages, and others. The pharmaceutical segment held major share of the global PVC blister packaging market in 2019. Consumer goods and food & beverages segments are expected to offer lucrative opportunities by the end of the forecast period.
Rise in Demand for PVC Blister Packaging in Pharmaceutical Application to Drive Market
PVC blister packaging is extensively used in packaging of products such as tablets, pills, capsules, granules, or lozenges. PVC blister packaging provides excellent barrier protection by enhancing shelf life of medicine and offering high degree of tamper resistance. It also offers excellent thermo-formability, high flexural strength, and good resistance against chemical attack. PVC blister packaging also offers low permeability to oils, fats, and flavoring ingredients. Furthermore, PVC blister packaging lower in cost than other substitutes. These characteristics of PVC blister packaging make it an ideal choice for pharmaceutical applications.
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Rise in geriatric population and increase in number of diseases have boosted the consumption of medicines. Additionally, rise in covid-19 cases across the globe has resulted in an increase in usage of drugs. PVC blister packaging is mainly used as a protection material to avoid exposure of the pharmaceutical dose to climatic conditions. The shelf life of drugs increases due to the usage of PVC blister packaging. This is likely to drive production and consumption of PVC blister packaging in the near future.
Impact of COVID-19 on Global PVC Blister Packaging Market
The global PVC blister packaging market is likely to be affected marginally by the COVID-9 pandemic. The pandemic has disrupted raw material supply of PVC blister packaging manufacturers across the globe. This is likely to affect the market on a temporary basis.
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Availability of Substitutes to Hamper Global PVC Blister Packaging Market
Various substitutes of PVC blister packaging are available in the market. These include polyethylene terephthalate (PET), light density polyethylene (LDPE), and polyvinylidene chloride (PVDC). PET blister packaging is another material that has the potential to replace PVC blister packaging. PET blister packaging has high water-vapor permeability compared its counterpart. Thus, availability of substitutes is expected to hamper the market in the near future.
Asia Pacific to Hold Major Share of Global PVC Blister Packaging Market
In terms of region, the global PVC blister packaging market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
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Asia Pacific is estimated to hold significant share of the global PVC blister packaging market during the forecast period. The region has vast geriatric population. Additionally, rise in number of patients of diabetes in countries such as India has boosted the demand for drugs. PVC blister packaging can be helpful in increasing the shelf life of dosage forms. Thsi is expected to drive the market in Asia Pacific in the near future.
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Key Players Operating in Market
The global PVC blister packaging market is consolidated, with presence of few players across the globe. Major players operating in the global PVC blister packaging market include:
Amcor Limited
Tekni-Plex, Inc.
Constantia Flexibles GmbH
Westrock Company
Ruchika Group of Industries
RENOLIT SE
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Polyethylene Pipes & Fittings Market Trends 2020 -2030
Polyethylene Pipes & Fittings Market: Introduction
In terms of value, the global polyethylene pipes & fittings market is expected to cross US$ 20 Bn by 2030, expanding at a CAGR of 5.9% during the forecast period. Rise in demand for polyethylene pipes and fittings in various applications such as water supply, oil & gas supply, and agricultural water supply is a key factor driving the global polyethylene pipes & fittings market. Additionally, growth of the global building & construction industry is anticipated to fuel the global polyethylene pipes & fittings market during the forecast period.
Key Drivers of Polyethylene Pipes & Fittings Market
The global polyethylene pipes & fittings market is primarily driven by the increase in usage of polyethylene pipes and fittings for water distribution in the water and wastewater treatment industry. Rise in investment in housing, infrastructure, and agriculture activities is estimated to boost the demand for polyethylene pipes and fittings across the globe.
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Water supply is the major requirement in construction and agricultural activities. This is projected to propel the demand for pipes and fittings. In turn, this is likely to augment the polyethylene pipes & fittings market. Over the last few years, demand for water distribution and service pipes has increased significantly in the building & construction sector, led by the rise in new housing construction and non-residential building activities. This has boosted the polyethylene pipes & fittings market.
High Density Polyethylene Pipes and Fittings to Witness High Demand
The high density polyethylene segment accounted for a significant share of the global polyethylene pipes & fittings market in 2019, as HDPE is highly moldable and relatively inexpensive material.
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HDPE pipes sustain high-pressure water flows. These pipes are used in underground water systems; plumbing, drainage, and sewage infrastructure; and farm irrigation systems. The demand for LDPE material in pipes and fittings is projected to rise at a significant pace during the forecast period, owing to the property of the material to withstand higher temperatures vis-à-vis HDPE. LDPE offers various advantages such as safety of potable water; long-term reliability; and resistance to corrosion, tuberculation, and deposits.
Rise in Demand for Polyethylene Pipes and Fittings for Use in Water Distribution Application
Low cost and easy installation of polyethylene pipes is a major factor driving the demand for polyethylene pipes in residential, commercial, and agriculture sectors. Demand for polyethylene pipes has been rising significantly since the last few years, owing to the replacement of traditional metal pipes with polyethylene pipes.
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Increase in demand for pipes in irrigation and the building & construction sectors is a major factor driving the demand for pipes and fittings for water distribution. Rise in governmental focus on rural water management is also boosting the demand for polyethylene pipes. Suitability of polyethylene pipes & fittings in industrial applications is expected to propel the demand for gas distribution. Polyethylene pipes and fittings are extensively used in new medium- and low-pressure natural gas distribution systems and repairing of older steel and cast iron systems.
Asia Pacific Holds Prominent Share of Polyethylene Pipes & Fittings Market
In terms of volume, Asia Pacific accounted for a leading share of the global polyethylene pipes & fittings market in 2019, led by the rise in investments by governments of China, India, and Thailand in the construction sector. High production costs and intense competitiveness are anticipated to compel companies in Europe to continue to shift their manufacturing bases to Asia Pacific. The polyethylene pipes & fittings market in North America is estimated to expand at a significant pace during the forecast period. The presence of a large number of domestic manufacturers in the U.S. and Canada and rise in demand for polyethylene pipes and fittings in the industrial sector are projected to propel the polyethylene pipes & fittings market in the region during the forecast period.
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Key Players in Polyethylene Pipes & Fittings Market
The global polyethylene pipes & fittings market is fragmented, with the presence of several domestic players that operate at regional or country level. Companies functioning in the global polyethylene pipes & fittings market are investing significantly in research and development activities to produce application specific pipes and fittings. Major players operating in the global polyethylene pipes & fittings ma
rket include Dow Chemical Company, Advanced Drainage Systems, Inc., BLUE DIAMOND INDUSTRIES, LLC, Apollo Pipes, Supreme Pipes, Watts Water Technologies, Inc., Uponor, and Quick Fitting Inc.
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Bonded Magnet Market | Global Industry Report, 2030
Bonded Magnet Market: Introduction
In terms of value, the global bonded magnet market is anticipated to expand at a CAGR of ~6% from 2020 to 2030 and cross US$ 3 Bn by 2030. Asia Pacific dominated the global bonded magnet market in terms of volume in 2019. It is estimated to be the leading region of the global bonded magnet market during the forecast period. The electrical & electronics industry is projected to offer lucrative opportunities for the global bonded magnet market in the near future.
Bonded Magnet Market: Major Drivers and Restraints
In the transportation industry, an optimally designed motor with isotropic bonded magnets helps lower the motor weight and volume by 50% to 60%. Therefore, increase in adoption of bonded magnets in the automotive industry, owing to their lightweight property, is expected to drive the global bonded magnets market during the forecast period. Bonded magnet plays an important role in various electrical devices essential for everyday life.
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These are utilized in various electronic items such as hard disks, scanners, DVD and CD drivers, and mobiles. Bonded magnets are also used in audio equipment such as speakers, headphones, and microphones. Magnets are used in speakers alongside a current carrying coil, which converts electricity into mechanical energy that moves the speaker cone. This, in turn, changes the pressure of the surrounding air creating sound. Therefore, rise in usage of bonded magnets in electronic devices is anticipated to boost the global bonded magnet market during the forecast period.
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The availability of strong substitutes is estimated to restrain the global bonded magnet market during the forecast period. The magnetic property in bonded magnets is comparatively lower compared to their sintered counterparts, owing to the presence of binders.
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This affects the performance of bonded magnets. The bonded Nd-Fe-B magnet is formed by injection molding; therefore, it contains adhesives. The density of adhesives is generally 80% of the theoretical density. Sintered Nd-Fe-B magnets are heated at high temperatures through complex processes. Therefore, the magnetism of bonded Nd-Fe-B magnets decreases by about 30% compared to that of sintered Nd-Fe-B magnets.
Bonded Magnet Market: Prominent Segments
Based on product type, the ferrite bonded magnets segment held major share of the global bonded magnet market in 2019. This trend is anticipated to continue during the forecast period. Ferrite magnets are manufactured with the help of iron powders. These forms of magnets are also known as ceramic magnets.
Ferric powder is usually coated on to substrates such as plastic or rubber sheets. This makes the bonded magnet flexible. Ferrite magnets are classified as rubber ferrites and plastic ferrites based on the substrate being used. Based on application, the electrical & electronics segment constituted large share of more than 30% of the global bonded magnet market in 2019. This trend is projected to continue throughout the forecast period. On the other hand, the industrial segment is anticipated to expand at a rapid pace during the forecast period.
Competition Landscape of Bonded Magnet Market
Key manufacturers operating in the global bonded magnet market include Advanced Technology Materials Co. Ltd., Arnold Magnetic Technologies, Magnequench International, LLC, Alliance LLC, and DEXTER MAGNETIC TECHNOLOGIES.
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Latin America Hyaluronic Acid Dermal Filler Market to rise with a strong CAGR of ~5% by 2030
Latin America Hyaluronic Acid Dermal Filler Market: Introduction
In terms of volume, the hyaluronic acid dermal filler market in Latin America is anticipated to expand at a CAGR of ~5% from 2020 to 2030. Strong growth of the hyaluronic acid dermal filler market in Latin America can be ascribed to the rise in medical tourism in the region. The cost of dermal filler procedure is lower in Latin America than that in other regions. Therefore, the demand for dermal filler procedures has been rising in Latin America. Countries such as Brazil, Mexico, and Argentina report significant number of patients for dermal filler procedures from the U.S. and countries in Europe.
The increase in penetration of the Internet in developed and developing countries provides consumers an opportunity to research on various dermal filler procedures available for the treatment of skin and facial ailments. This boosts online sales. Additionally, advantage of product comparison, rise in desire to maintain youthful features, and increase in fad of using anti-aging products, owing to the growth in social media awareness are contributing to growth of the hyaluronic acid dermal filler market in Latin America. The rise in demand for non-surgical cosmetic products such as cosmetic injectable in Brazil and Mexico drives the hyaluronic acid dermal filler market in Latin America. The growth in medical tourism in Brazil and Mexico is also boosting the demand for hyaluronic acid dermal filler in the region.
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Clinical Risks and Complications Associated With Hyaluronic Acid Dermal Filler to Hamper Market
The hyaluronic acid dermal filler market in Latin America is anticipated to be hampered by high cost of products and availability of cost-effective substitute products. Clinical risks and complications associated with hyaluronic acid dermal fillers are also expected to hamper the market in the region in the near future. The lack of regulations governing the usage of dermal fillers leads to exploitation by untrained workers in salons and beauty parlors. The current legislation in place does not classify dermal filler as prescription medicine, leading to administration of these to patients at discounted price by non-clinicians. Thus, lack of regulations governing clinics and practitioners is likely to hamper the hyaluronic acid dermal filler market in Latin America in during the forecast period.
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Monophasic Type Dominated Latin America Hyaluronic Acid Dermal Filler Market in 2019
Based on type, the hyaluronic acid dermal filler market in Latin America has been bifurcated into biphasic and monophasic. In terms of value, the monophasic segment dominated the hyaluronic acid dermal filler market in Latin America in 2019. The segment is anticipated to expand at a CAGR of more than 5.5% during the forecast period.
Use of Hyaluronic Acid Dermal Fillers to Treat Wrinkles
Based on application, the hyaluronic acid dermal filler market in Latin America has been segregated into wrinkles, lips, cheek augmentation, hands, and others. In terms of value, the wrinkles segment led the hyaluronic acid dermal filler market in Latin America in 2019. The segment is anticipated to expand at a CAGR of more than 5% during the forecast period.
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Brazil to be Lucrative Country of Latin America Hyaluronic Acid Dermal Filler Market
Based on country & sub-region, the hyaluronic acid dermal filler market in Latin America has been classified into Brazil, Mexico, Argentina, Colombia, Chile, Peru, Ecuador, and Rest of Latin America. In terms of volume, Brazil accounted for significant share of the hyaluronic acid dermal filler in Latin America in 2019. Quick recovery time, less trauma, painless treatment, and lower cost as compared to surgical procedures are driving the demand for hyaluronic acid dermal filler market in the country. The demand for lip enhancement has been increasing rapidly in Argentina, owing to the growing fad of the selfie culture. The market for lip enhancement has been expanding significantly, owing to rise in young population preferring to modify their lips for a plump and voluminous appearance. This offers lucrative opportunities to the hyaluronic acid dermal filler market in Argentina.
Competition Landscape of Latin America Hyaluronic Acid Dermal Filler Market
On May 8, 2020, AbbVie completed the acquisition of Allergen Plc under the Chapter 1 of Part 9 of the Irish Companies Act 2014. On March 26, 2019, Allergen acquired Envy Medical, Inc. for US$ 81.4 Mn. Envy Medical, Inc. is a privately held medical esthetics company engaged in non-surgical and non-invasive skin resurfacing systems. The acquisition combines Envy’s skin care product portfolio with the company’s leading medical esthetics business.
On April 5, 2019, Merz launched the new hyaluronic acid (HA) dermal filler ‘Belotero Revive.’ Belotero Revive is applied through an injection as a beauty booster and for youthful radiance. The product contains a unique combination of hyaluronic acid (HA) and glycerol. It is intended to improve elasticity, hydration, and firmness of the skin and minimize early signs of aging. In April 2018, LG Chem launched a premium hyaluronic acid filler Yvoire Y-Solution. The product line includes three products: Y-Solution 360 for fine wrinkles; Y-Solution 540 for forehead and zygoma; and Y-Solution 720 for nasolabial folds and wrinkles around the cheek and jaw.
Leading players have taken initiatives to increase their presence in Latin America through expansion of supply & distribution network as well as strategic partnerships. Key manufacturers operating in the hyaluronic acid dermal filler market in Latin America are Allergen, LG Chem, Ltd., Galderma, Teoxane, BioPlus Co., Ltd., Merz Pharma, Medytox, Adoderm GmbH, Sinclair Pharma, Bloomage Biotechnology Corp. Ltd., Bohus BioTech AB, and HUGEL, Inc.
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Wind Turbine Operations and Maintenance Market | Industry Report, 2031
Wind Turbine Operations and Maintenance Market: Introduction
According to the report, the global wind turbine operations and maintenance market stood at US$ 15.4 Bn in 2020 and is likely to reach US$ 39.8 Bn by 2031, expanding at a CAGR of around 9% between 2021 and 2031.
Wind turbine operations and maintenance services include operations, maintenance, asset administration, remote monitoring, and repair of wind turbines installed at wind farms. Wind turbine operations and maintenance services can be scheduled maintenance services or unscheduled maintenance services. Scheduled maintenance services are carried out at regular intervals. Unscheduled maintenance services are carried out in event of sudden breakdown of a wind turbine or its components. Different components of a wind turbine such as gearbox, rotor blade, generator, inverter, brake, and tower require regular maintenance to operate efficiently. Gearbox assembly, rotor blades, and brakes are some of the components that are more susceptible to breakdown and require monitoring and maintenance at regular intervals.
Increase in Demand for Wind Turbine Operations and Maintenance for Use in Offshore Application
Based on application, the global wind turbine operations and maintenance market has been segmented into onshore wind turbine operations and maintenance and offshore wind turbine operations and maintenance. Onshore wind turbine operations and maintenance was the major application segment of the global wind turbine operations and maintenance market, accounting for more than 90% share in 2020. However, demand for offshore wind turbine operations and maintenance services has been increasing owing to the rise in number of offshore wind farms and complexity involved in servicing offshore wind turbines.
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Increase in number of aging wind turbines and rise in numbers of gearbox failures and generator assembly failures have augmented the global wind turbine operations and maintenance market. Additionally, increased presence of financial institutions and private investors as owners of wind farms has boosted the demand for wind turbine operations and maintenance services.
Growth in share of offshore turbines in the wind energy mix has also boosted the demand for wind turbine operations and maintenance services. Increase in cost of logistics and lack of skilled workforce are anticipated to hamper the global wind turbine operations and maintenance market in the near future.
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Asia Pacific Dominates Global Wind Turbine Operations and Maintenance Market
The global wind turbine operations and maintenance market has been segmented into North America, Europe, Asia Pacific, and Rest of World. Asia Pacific accounted for around 60% share of the global wind turbine operations and maintenance market in 2020. However, the wind turbine operations and maintenance market in Rest of World is anticipated to expand at the fastest rate during the forecast period. Asia Pacific is anticipated to be the second-fastest growing market for wind turbine operations and maintenance during the forecast period.
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Key Players Operating in Wind Turbine Operations and Maintenance Market
Leading companies operating in the global wind turbine operations and maintenance market include Enercon GmbH, Gamesa Corporación Tecnológica, GE Wind Energy, Nordex SE, Xinjiang Goldwind Science & Technology Co. Ltd., Vestas Wind Systems A/S, Siemens Wind Power GmbH, Suzlon Group, Guodian United Power Technology Company Ltd., and UpWind Solutions Inc.
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Fish-free Omega-3 Ingredients Market is projected to increase at a CAGR of ~ 9%
The latest market forecast report published by Transparency Market Research on the fish-free omega-3 ingredients market includes the global industry analysis and opportunity assessment for the period of 2019-2029. Revenue generated from the global fish-free omega-3 ingredients market has been estimated to be valued at ~ US$ 590 Mn in 2019, which is projected to increase at a CAGR of ~ 9%, to reach a value of ~ US$ 1.3 Bn by 2029.
Vegans & Vegetarians Demand Fish-free Omega-3 Ingredients and Supplements
All three types of omega-3 are important, but evidence shows that, DHA and EPA have unique benefits, especially for boosting brain health, reducing inflammation, and improving retinal health. For vegans (vegetarians who eat food derived only from plant sources) and vegetarians, it is difficult to get adequate amounts of omega-3 fatty acids in their diet, as the two essential omega-3 fatty acids, DHA (docosahexaenoic acid) and EPA (eicosapentaenoic acid), are mostly derived from fish and animal sources. Omega-3 ingredients derived from plant sources only contain ALA (alpha-linolenic acid), which is a precursor form that gets converted to DHA & EPA inside the body.
Since there are not many sufficient vegan food sources of EPA and DHA, those who follow a vegan diet often have lower levels of these fatty acids in their blood. Therefore, keeping vegan and vegetarian diets in mind, manufactures are developing products from algal oil or plant-based products such as chia seeds, flaxseed oil, canola oil, hemp seeds, walnuts, and others, which are growing as fish-free omega-3 ingredients.
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Growing Need for an Alternative to Fish-derived Omega-3 Ingredients
Many fish-derived oil supplements in the market are rancid, i.e. oxidized. Rancid oils/fats can damage cells and contribute to atherosclerosis. Free radicals from rancid oils are known to damage DNA cells. Free radicals are produced by toxins as well as by normal bodily processes, and can cause damage to the arteries and also act as carcinogens.
Fat-soluble pollutants such as polychlorinated biphenyls may biomagnify in marine food chains and end up in concentrated amounts in fishy oil supplements. This accumulation is causing contamination and fastening the process of oxidation of supplement oils/ fats.
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Demand for Algae-based Omega-3 Supplements Expected to Grow Rapidly
Fish are the major source of omega-3 for the production of various supplements. Fish obtain omega-3 by consuming algae. Therefore, the usage of algae as a new alternative source to fish is anticipated to grow rapidly in the fish-free omega-3 ingredients market.
Supplements developed from algal oil have the same omega-3 benefits and nutritional content as fish-derived oils. Algal oil is free from contaminants such as heavy metals, bio-accumulated toxins, and pollutants. Vegan diets lack EPA and DHA, which can consumed through supplement products manufactured from algal oil.
Omega-3 – Preferred Ingredient in Convenience and Processed Foods
Increasing health awareness and growing preference for processed food/diets with low fat, sugar, and salt content among consumers are factors expected to prompt the manufacturers of food & beverages to review current marketing practices and adopt new techniques to increase their revenue shares in the fish-free omega-3 ingredients market.
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In May 2004, the World Health Organization (WHO) initiated a global strategy on diet, physical activity, and health, and provided certain recommendations to the food & beverages industry, which included limiting the levels of saturated fats, trans-fatty acids, free sugars, and salt in existing products, and promoting healthy and nutritious products.
In North America, the millennial demographic constitutes a large share of the consumption of ready-to-eat and processed food products. The consumption of take-away food has also risen considerably due to its convenience, which is further expected to drive the growth of the fish-free omega-3 ingredients market during the forecast period.
Fish-free Omega-3 Ingredients Market: Tedious Process of Regulatory Approval
The restraining factor for the fish-free omega-3 ingredients market is slow regulatory approval for health claims. For medicines and drugs, after clearing the phase III trial, approval for prescription takes another six to twelve months. There are various steps included for the drug to be approved for prescription, which include the discovery and development process that begins in the laboratory.
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During the second step, drugs undergo laboratory and animal testing to clear basic safety questions. The third step involves clinical research, where drugs are tested on people to make sure they are effective and safe. Later, an FDA examination takes places for the final approval.
For any drug, supplement, or medicine, it usually takes around 10 years to be developed and approved for prescription. So, in order to sanction any sort of health claim, the wait is quite long, which hampers the growth of the fish-free omega-3 ingredients market, significantly.
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Hydroxylamine Sulfate Market Worldwide Major Trend Outlook 2020 to 2030
Hydroxylamine Sulfate Market: Overview
The assortment of applications that end-use industries benefits from the hydroxylamine sulfate market is vast. Several industries utilize the reduction property of hydroxylamine sulfate, which include agrochemicals, paints and coatings, adhesives, and life sciences. It is used in the organic synthesis by taking part in reduction reactions of ketones and aldehydes, and convert carboxylic acids and their derivatives to hydroxamic acids. Over the years, a wide variety of both industrial and commercial use of the compound has been behind the evolution of the hydroxylamine sulfate market. Some of the diverse usages are as a viscosity stabilizer for natural rubber, as a dye improver, as a fiber modifier, and in making cellulose pressure sensitive tapes.
Driven by the growing prospects, manufacturers have benefitted from availability of detailed documents pertaining to assessing their safety and efficacy in various consumer and industrial applications. Pharmaceutical industry has been using hydroxylamine sulfate in wide range of preparation such as in making antihistamines, infection inhibitors, stimulants, blood coagulants, diuretics, and diabetes drugs.
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Hydroxylamine Sulfate Market: Competitive Analysis and Key Developments
Constant research by stakeholders in improving the efficacy and toxicity profile has helped pave way to new application areas in the hydroxylamine sulfate market. Manufacturers are focusing on revenue streams from the laboratory consumption of the compound for life sciences industries and agrochemical industries. In recent years, players in the hydroxyl aulfate market has benefitted from the in vivo study related with hematotoxic and oxidative stress effects of hydroxylamine sulfate. This has allowed them to see new avenues in poison treatments. Several of the prominent players in the hydroxylamine sulfate market are focusing on expanding their production facilities in emerging economies to strengthen their geographic positions.
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Some of the players working towards constantly consolidating their stakes are:
OAO Grodno Azot
Spectrochem
Aqua Solutions, Inc.
Quzhou Guanyi Chemical Co.
Honeywell
Capot Chemical
Merck & Co.
Sisco Research Laboratories (SRL)
Jarchem Industries Inc.
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Hydroxylamine Sulfate Market: Key Trends
The wide application areas is key to the rapidly expanding opportunities in the hydroxylamine sulfate market. The compound is increasingly utilized as a reducing agent in organic reactions in several of these applications. Growing application in manufacturing germicides, herbicides, and insecticides around the world to improve the yield is bolstering the demand for hydroxylamine sulfate market. Rise in applications in the pharmaceutical industry has been bolstered by the need for drugs for the management of various chronic diseases, notably diabetes, in various parts of the world. Creation of new avenues in hydroxylamine sulfate market gain stimulus advances in storage and handling requirements, along with the advancement in the organic chemistries of the compound. COVID-19 pandemic has put significant snags on chemical production sector, mainly by disrupting the supply chain and logistics. Nevertheless, players are looking for realigning their tactical and strategic moves to circumvent these.
Rise in metal processing activities in developing economies is also boosting the hydroxylamine sulfate market.
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Hydroxylamine Sulfate Market: Regional Analysis
Among the various regional markets, hydroxyl sulfate market is witnessing promising revenue potential in Asia Pacific. Of note, South East Asia has laid bare many avenues to manufacturers on the back of the use of the compound in the making agrochemicals, specialty chemicals, and pharmaceuticals.
North America and Europe have been other notably regions in the hydroxylamine sulfate market. Rise in consumption of specialty chemicals is a key driving force for the expansion of these markets. Rapid pace of innovation by manufacturers in these regions has substantially expanded the application area. Regulatory agencies such as European Chemicals Agency (ECHA) and European Chemicals Agency (ECHA) have been leaning on detailing the safety and hazards information on hydroxyl sulfate. The trend has been key in shaping the prospects of these regions in the global hydroxylamine sulfate market.
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Medical Plastics Market Outlook, 2019-2027
Global Medical Plastics Market: Overview
The medical industry world over has been benefitting from the wide range of devices, equipment, and implants made with high performance plastics. Sellers and manufacturers in the global medical plastics market are reaping revenue gains by leveraging the versatility, safety, and cost-effectiveness of medical-grade plastics in these applications. In addition, the freedom that medical grade plastics offer to fabricators has helped bolster their application, underpinning the evolution of the medical grade plastics market, notes Transparency Market Research (TMR).
Manufacturers over the recent decade have been increasingly adopting high technology polymers in making devices that will be used for various stages in disease management and surgeries. Unique set of characteristics of plastics have enabled manufacturers in medical plastics market replace titanium/stainless steel metals with plastics, such as in medical tubing.
The global medical plastics market is projected to clock a CAGR of 7.2% from 2019 to 2027 and reach valuation of US$15.4 bn by the end of the period.
The competitive landscape in the global medical plastics market is characterized by the presence of several small- and medium-scale players. Further, the shares are fairly distributed among numerous players. Well-entrenched manufacturers in the medical plastics market are forking out money for constant capacity expansion and are engaging in mergers to consolidate their position globally. Some of them are The Lubrizol Corporation, Solvay, Covestro AG, Arkema S.A., and Evonik Industries AG.
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The range of medical-grade plastics available for application are vast. Major of them are PVC, PE, PP, PS, engineering plastics, and silicone. Though the use of conventional plastics still rules the roost, engineered thermoplastics are gathering steam among manufacturers in the medical plastics market.
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Application of 3D Printing Underpin Abundant Opportunities for Manufacturers
The environmentally friendliness of medical grade plastics along with their cost-effectiveness is one of the compelling propositions for the demands in the medical plastics market. Advent of 3D printing and their rising applications in polymer manufacturing have expanded the prospects in the medical plastics market.
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Among all medical devices, braces and prosthetics made with medical plastics are witnessing huge demands in the healthcare industries in various developing and developed nations. The application of 3D printing has also helped spur the use of medical plastics in making personalized implants, broadening the scope of therapeutics possible with plastic materials. A case in point is patient-specific prosthetic arms. Thus, the potential of medical plastics in making customized implants has catalyzed revenue generation in the medical plastics market market.
Rising Use in Making in Disposable Medical Devices Underscore Vast Potential
One of the most prominent applications of medical plastics has been disposable medical devices, mainly due to the fact that plastics is cost-effective and light. Further, the medical plastics market is seeing new demands in the use of medical-grade plastic containers and boxes for disposing of surgical sharps and biohazards.
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Growing role of devices made with medical plastics in chronic disease management has catalyzed prospects in the medical plastics market. Favorable insurance regulations in some regions are offering large momentum to the global market. North America and Europe have been at the forefront, and the growth in the markets are driven by widespread uptake of medical-grade plastics.
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Generator (Up to 20 kVA) Market Will See Strong Expansion Through 2027
Global Generator (Up to 20 kVA) Market: Key Highlights
The global generator (up to 20 kVA) market was valued at ~US$ 2.2 Bn in 2018, and is anticipated to expand at a CAGR of 5.5% during the forecast period.
Among the fuel types, the diesel segment accounted for a major share of the global generator (up to 20 kVA) market in 2018. Diesel generators are the primarily employed generators across the globe.
Among the power ratings, the 16 kVA – 20 kVA segment held a significant share of the global generator (up to 20 kVA) market in 2018, due to the high use of 16 kVA – 20 kVA generators and flexibility in fuel usage, ease of installation, and diverse range of applications offered by these generators in commercial and small industrial sectors across the world.
Among the types, the portable generator segment held a dominant share of the global generator (up to 20 kVA) market in 2018, due to the high operational flexibility and diverse applications offered by portable generators in residential and commercial sectors.
Among the applications, the standby segment held a significant share of the global generator (up to 20 kVA) market in 2018.
Among the end users, the residential segment held a major share of the global generator (up to 20 kVA) market in 2018.
Asia Pacific is estimated to offer immense growth potential to the global generator (up to 20 kVA) market in the next few years, due to the significant demand for up to 20 kVA gensets in the telecom sector in the region.
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Key Drivers and Restraints of Global Generator (Up to 20 kVA) Market
The requirement for up to 20 kVA generators in the residential and commercial sectors in the Middle East & Africa and Latin America is rising, due to the sluggish rate of electrification, growing off-grid areas, and sluggish economic growth of these regions. In Sub-Saharan Africa, the urban electrification rate is 60% and the rural electrification rate is 14%, which encourages the use of backup generators to meet power requirements in rural as well as urban areas. More than 77% of people in the Middle East & Africa and Latin America live without access to grid-connected electricity. This factor drives the generator (up to 20 kVA) market in these regions. Thus, growing off-grid areas and growth of the telecom sector in the Middle East & Africa and Latin America are expected to drive the generator (up to 20 kVA) markets in these regions during the forecast period.
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Developed regions such as North America and Europe have accomplished total electrification several years ago. Currently, the power infrastructure in these regions lacks technological advancements as well as load-carrying capacity, resulting in power failures and fluctuations. Growing fluctuations in power supply and high demand for uninterrupted power supply drive the generator (up to 20 kVA) markets in North America and Europe.
However, a majority of generators with up to 20 kVA power rating across the globe are diesel generators. Growing environment-related concerns such as air pollution and noise pollution are likely to restrain the global generator (up to 20 kVA) market during the forecast period.
Asia Pacific Highly Lucrative Market for Generators (Up to 20 kVA)
Asia Pacific dominates the global generator (up to 20 kVA) market. Asia Pacific consumes almost 30% of these generators produced across the world, which makes the region a major consumer of gensets. High consumption in the region is attributable to rise in the demand from the residential, telecom, rural, agriculture, and commercial sectors in Asia Pacific.
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North America is another major region in the global generator (up to 20 kVA) market. The U.S. holds a major share of the generator (up to 20 kVA) market in North America, in terms of both, volume and revenue. Most of the demand for up to 20 kVA generators in North America comes from the small commercial and residential sectors in the region, led by aging power infrastructure, incidence of natural calamities, and rising power fluctuations in the region.
Global Generator (Up to 20 kVA) Market: Key Developments
In April 2018, Caterpillar Inc. announced the introduction of the dynamic gas blending (DGB) dual-fuel technology for diesel generator sets for unregulated emission applications in Latin America and other markets around the world.
In June 2016, Briggs & Stratton Corporation launched Fortress standby generator systems for residential customers, with a capacity of 10–60 kW.
In May 2016, Briggs & Stratton Corporation launched the 8,000-W Elite Series, the world’s first Bluetooth-portable generators. These generators are equipped with StatStation branded wireless Bluetooth devices, which makes them convenient for customers to monitor these generators from the inside of their homes.
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Global Generator (Up to 20 kVA) Market: Competition Landscape
The global generator (up to 20 kVA) market is highly fragmented, with the presence of a large number of players.
Rise in technological advancements, strong brand recognition, strong position of established players, and strict government regulations pose a barrier to the entry of new players in the global generator (up to 20 kVA) market.
Key players operating in the global generator (up to 20 kVA) market are Yamaha Motor Corporation, Cummins Inc., Kohler Co., Generac Holdings Inc., Caterpillar Inc., Honda Siel Power Products Ltd, Su-Kam Power Systems Ltd, KOEL Green, Greaves Cotton Limited, FG Wilson, Mahindra Powerol, and Jakson Group.
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