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Transparent Ceramics Market Attain Height of USD 1.1 billion Worldwide

The global Transparent Ceramics Market size is anticipated to reach USD 1.1 billion by 2024. It is projected to expand at a CAGR of 22.4% over the forecast period on account of its increasing demand from various application sectors as an alternative for traditional glass technologies in numerous functions for instance armors, optical fibers, lasers and infrared domes.

The increasing emphasis on deployment cutting and laser tools is enhancing the transparent ceramics market globally. In addition, growing penetration of transparent ceramics on account of its excellent properties as compared with conventional ceramics is presumed to fuel the expansion over the forecast period.

The product consists of materials which are transparent under the electromagnetic wave as well as UV and IR light. Some of its materials provide multipurpose and special properties which are appropriate for lasers and scintillators.

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The aerospace, defense & security sector accounted for 22.3% of the overall market share in the year 2015. The sector is anticipated to witness a speedy growth over the next eight years on account of increasing expenditure in this sector for new advancements.

Transparent ceramics are used for manufacturing windows, hemispherical domes and armors for missiles. The constant rise in the expenditure for the improvement of aerospace & defense segment, specifically in the Middle East, is presumed to fuel the overall growth.

The optics & optoelectronics industry is anticipated to garner revenues worth USD 302.40 million by the year 2024. The product is utilized in CCDs, CMOS, transmitter, couplers and image & display sensors on a large scale, as a result optics & optoelectronics application sector is expected to garner the highest revenue share over the forecast period.

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The monocrystalline transparent ceramics accounted for over 53.4% of the total revenue share in the year 2015. They are projected to witness augmented growth over the forecast period.

The polycrystalline transparent ceramics are expected to witness the fastest growth over the forecast period on account of its increasing application scope such as armors, laser equipment and optoelectronic devices.

Material Insights

The demand for spinel is anticipated to witness a rapid growth over the next eight years on account of its increasing application for manufacturing defense industry related products. The polycrystalline structure of the material enables it to be a commercially feasible option for application in spinel.

Sapphire accounted for 41.30% of the total revenues in the year 2015. The material segment is presumed to continue its dominance over the next eight years on account of its rising usage in electronics & semiconductor industry.

Yttrium aluminium garnet (YAG) is projected to grow at a moderate rate on account of its increasing application in defense vehicles and optic devices. The material segment is expected to garner a market share of around 22.1% by the year 2024.

Regional Insights

Asia Pacific accounted for approximately 45.0% of the total market share in the year 2015. The demand in this region is fueled by the increasing application of the product on account of its excellent properties. In addition, the rising demand for iron & steel and defense sectors owing to rapid industrialization is presumed to boost the overall growth.

The availability of raw materials at cheaper rates along with large number of manufacturers and suppliers is a crucial factor for the market growth in this region. China is expected to lead the growth of Asia Pacific during the analysis period.

The U.S. market was estimated at USD 20.90 million in the year 2015 and occupied more than 60.0% of the total revenue share in the North America. In addition, increasing expenditure of the country in defense sector is projected to fuel the demand over the forecast period.

The gobal market in Europe is highly influenced by the glass & ceramic refractory and steel & iron industry. It is expected to witness a significant growth rate of 18.4% CAGR over the forecast period.

Competitive Insights

The major players are continuously engaged in R&D activities for new product development and innovations with an aim of strengthening their foothold in the market and achieve a competitive edge over the competitors.

The major participants include Coorstek, Schott AG., Surmet Corporation, IBD Deisenroth Engineering, Murata Manufacturing Co. Ltd., CeramTec, Koito Manufacturing and Ceranova. The increase in the applications for transparent ceramics is anticipated to provide a competitive advantage to the market participants.

Thermoplastic Elastomers (TPE) Market Achieve Mildstone of 3.82 million tons

In 2014, the global thermoplastic elastomers (TPE) market was estimated at 3.82 million tons. The rising replacement of ethylene propylene diene monomer (EPDM) by TPE in construction equipment is likely to fuel the product market. The superior chemical and physical properties of the product as opposed to thermoset plastics are expected to widen the application scope, thereby aiding market demand.

The growing application of TPE in electronics, consumer goods, construction, and footwear is expected to have a positive impact on the product demand. The rising demand for TPE in the automotive industry owing to the changes in consumer preferences regarding lightweight and high performance passenger cars has been instrumental in driving the market growth.

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The characteristics of the product to be recycled, re-shaped, and re-molded result in minimizing the product wastage, resulting in high application scope. The product acts as substitutes for conventional plastic and rubber on account of its attributes including resistance to oxidation, UV, chemicals coupled with imparting soft-touch.

The regulations by federal bodies including US Pharmacopeia, FDA promote safety and health ensuring the product utilization in various end-use industries. In addition, the environmental norms by various governments regarding reduction in carbon emission by increasing fuel efficiency is expected to witness a subsequent growth in the product application in automotive OEMs as an alternative to alloys and metals.

The fluctuating prices of major raw materials including polyurethane, propylene, and styrene is likely to hamper the market growth.

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The products are bifurcated as SBC, TPO, COPES, TPV, and TPU together with melt processable rubber & thermoplastic polyamides. SBC contributed to over 47% of the global market volume in 2014. The major SBC product consumed is SBC accounting for over 70% of the total product volume. The increasing demand for SIS in India & China in the automotive industry is likely to aid the product segment. The leading application segment for SBC was roofing & paving contributing to over 35% of product volume.

The rising demand in automotive industry for high performance plastics is likely to propel TPV segment growth. The penetration of TPU in the construction sector is growing on account of its acoustic and thermal insulating properties. In addition, the rise in consumer awareness regarding sustainability coupled with regulatory framework regarding zero energy construction is anticipated to fuel TPU growth in the sector.

Regional Insights

Asia Pacific contributed to over 40% of the global product consumption in 2014. The industrial growth in this region is on account of favorable government norms coupled with monetary policies regarding private investments. The major contributors to TPE consumption India and China are estimated to grow exponentially at around 66% during the analysis period.

North America accounts for over 35% of the TPO product consumption market. The rising demand for the product in the construction & industrial sector is likely to propel market growth. The industrial growth in the region is based on increased application scope coupled with high R&D activities by local companies. The increased production in the automotive sector in Mexico and US coupled with the growth of consumer & construction industries is likely to have a positive impact on the TPE demand during the analysis period.

Competitive Insights

The global TPE market is highly fragmented with the major four companies contributing to over 45% of the market share. These major companies include Lyondell Basell, Sinopec, Kraton Polymers, and Dow Chemical Company. The other key players include Kraton, Evonik, Dynasol Elastomers, Bayer Material Science, and Arkema.

The key companies are changing their production to the emerging markets in India, China, Southeast Asia, and Brazil. This production shift can be characterized by favorable production conditions including low labor, raw material & operational costs. The presence of local suppliers in Japan and China is likely to increase the competition.

The major manufacturers Zeon and Muller Kunstsoffe are expanding to Japan and China. In addition, Mitsubishi is engaged in R&D for developing eco-friendly bio-based TPU and improving manufacturing processes by the elimination of phosgene toxics.

Pulse Flour Market Size Is Increasing Rapidly Globally

The global pulse flour market size was estimated over USD 17 billion in 2015. Pulse flour obtained from the hull of pulses like chickpea, pea, lentils, and other legumes is gaining popularity as an essential functional food ingredient. The growing vegetarian population is driving the demand for these products in various food products. Extensive R&D for new product development coupled with government initiatives about the promotion of pulses is expected to have a positive impact on market growth over the forecast period.

Pulse flour contains low-fat source, low glycemic index, and high fiber content owing to which this product exhibits many advantages over wheat flour and rice. The presence of rare elements such as potassium, selenium and sodium & nutrients is responsible for growing demand in end-use applications.

The growing incidences of diabetes and obesity have increased the importance of naturally sourced ingredients such as pulse flour as they increase the nutritive value of food. The demand for pulse flour has been on the rise owing to growing demand for gluten free foods. Gluten free foods aid in minimizing the risk of excess weight and increase energy levels. The changing lifestyles coupled with a rise in on the go eating is expected to boost the usage of pulse flour in the manufacturing of gluten-free foods.

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Bakery & snacks were the largest segment in the market accounting for more than 85% of the market share in 2015. Rising awareness about consumption of healthy bakery products is anticipated to boost the consumption of pulse flour in this application segment.

Numerous private volunteer organizations and commercial food processors are working towards inclusion of pulse flour in formulations of beverages. Pulse flour demand has received a boost on account of growing application in infant formulations. It has also proven to be an effective alternative for children suffering from soy and lactose allergies.

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In 2015, Chickpea flour products dominated the market globally by accounting over 30% share. The demand for this product is driven by its ability to control health issues such as obesity, diabetes, cancer and coronary heart disease.

Lentil’s rising utilization in combination with pea flour is anticipated to boost market demand over the forecast period. Many food products are reformulated using lentil flour to reduce carbon footprint in food and to increase protein quality.

Regional Insights

In 2015, Europe dominated the pulse flour market globally by accounting over 25% of share in terms of revenue. North America and Asia Pacific are key consumers of beverages. Rising consumption for sports and energy drinks are expected to witness a growth over the forecast period.

The Middle East & Africa is the fastest growing region on account of growing application of pulse flour in curries, soups, tajines, and hummus. Growing food services and retail sales coupled with high population growth in the region is likely to have a positive impact over the forecast period. The growing hospitality industry is in countries such as Morocco, UAE, Israel, and Egypt is expected to further augment market demand over the forecast period.

Competitive Insights

The key players in the market are Harvest Innovations, Parakh Agro Industries Ltd., CanMar Grain Products, ADM, Ingredion Incorporated, Best Cooking Pulses Inc., Ganesh Grains Ltd, Diefenbaker Seed Processers, and AGT Food & Ingredients.

Industry participants are adopting merger & acquisition and new product development strategies to strengthen their market position. In October 2014, Archer Daniels Midland Company acquired WILD Flavors GmbH in October 2014.

Patient Temperature Management Market Achieve 7.9% By 2024

The global patient temperature management market size was worth USD 2.3 billion in 2016 which is anticipated to grow at a CAGR of more than 7.9% during the forecast period. The key factor contributing to the market growth of patient temperature management is the rise in number of surgeries performed. Pre-surgery anesthesia administered to the patients lowers their body temperature. To prevent this, warming devices are used to eliminate intraoperative hypothermia.

The rising prevalence of heart diseases such as cardiac arrest has increased the demand for patient temperature management in order to prevent adverse effects of high temperature on the brain and prevent further complications.

Based on products, the market is categorized into patient cooling and warming systems. Each category is further sub-divided as surface systems, conventional systems and intravascular systems. In 2016, patient warming systems dominated the market due to the increase in number of surgeries being conducted. These surgeries require anesthesia, which lowers the temperature of the patients’ body.

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Patient cooling systems is expected to witness an attractive growth over the forecast period. This is due to the rise in number of cardiac surgeries being performed that requires cooling systems to eliminate the adverse effect of high temperature causing brain trauma injuries and neurologic outcomes.

Increasing incidence of cancer and chronic cardiovascular diseases has resulted in the boost of the market. Cancerous cell multiply rapidly in patients with low body temperature. In order to prevent this, adjuncts such as patient warming systems are used along with chemotherapy and radiation therapy.

Increasing prevalence of chronic cardiovascular diseases, especially cardiac arrest has led to an increase in demand for cooling systems in order to prevent adverse effects of high temperature on the brain. The availability of technological advanced products such as blankets, head pads and surface pads has risen the demand for these devices.

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On the basis of application, surgery segment held the largest market in 2016. This is due to the rise in number of surgical procedures such as gynecological and cardiac surgeries. Temperature management systems are mostly used in pre-, post- and perioperative surgeries.

Cardiology segment is expected to witness lucrative growth over the forecast period due to the increasing prevalence of cardiovascular diseases. According to Centers for Disease Control and Prevention (CDC), around 610,000 people in the US die of heart disease every year. Cardiovascular disease such as cardiac arrest and heart stroke requires cooling systems. This causes the growth of temperature management devices in the US.

End-use Insights

Based on end-use, the market is categorized into neonatal ICU, operating room, ICUs, emergency room and others. Operating room dominated the market in 2016 and is projected to witness high growth over the forecast period. This is due to the need for warming and cooling systems in operating rooms for maintaining the body temperature of the patient before, after and during surgery to avoid any kind of surgical complications.

In 2016, neonatal ICU held the second largest market share due to rise in number of childbirth and premature deliveries. This is expected to further increase the demand of temperature management tools in neonatal ICU.

Organic Rice Protein Market Bag A Mark of USD 98.81 billion Globally With Key Players

The global organic rice protein market was valued over USD 30 million in 2015 and is expected to witness rapid growth over the forecast period. The growing demand for organic, vegan, non-toxic and non-GMO food ingredients is expected to fuel the demand for these products. The hypoallergenic nature is proving extremely useful and replacing dominant allergens such as gluten proteins, dairy, and soy.

The high nutritional value of these products owing to the presence of large amounts of amino acids is beneficial for building muscles owing to which organic rice protein is combined with dietary protein in health supplements. Increasing utilization of this product in sports & recovery drinks and non-dairy drinks is expected to propel the demand. High-quality products developed using extensive R & D is driving market growth. Superior properties and low cost of these products are expected to open new avenues for application in end-use industries.

Organic rice protein exhibits functional properties such as viscosity, solubility, emulsification, and foaming which helps in maintaining the quality of the product. Low consumer awareness about organic rice protein coupled with the availability of alternative products coupled is projected to act as a restraint over the forecast period.

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Sports and energy nutrition application segment dominated the market in 2015 by accounting for over 85% share. The growing focus on healthy and nutritional drinks containing organic ingredients is expected to have a positive impact on market growth. The ability of these products to improve metabolism and controls sugar level is responsible for rapid growth in this application segment. The growing trend of going vegan is boosting the demand for meat analogues and extenders product category which is expected to boost the demand for these products over the forecast period.

Product Insights

This product is available in different forms such as concentrates, ion exchange protein, hydrolysates, and isolates. Isolates accounted for over 50% of market share in 2015. Isolates are utilized in baking, cooking, and beverages purposes as a flavor enhancer.

Concentrates are witnessing gradual growth due to high investment by various market players and low cost of the product. Concentrates have the ability to replace products such as food proteins without impacting texture, taste, and color of the product.

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Europe is expected to witness the fastest growth on account of increasing consumer awareness. Growing consumption of meat analogs coupled with rising focus on healthier lifestyles is likely to propel the demand for organic rice protein over the forecast period.

North America was the most dominant region for this market in 2015 by accounting over 50%, owing to growing demand for sports beverages in Canada and US. The presence of many key manufacturers in this region is likely to drive market growth over the forecast period. High preference towards natural food ingredients is expected to further augment the market growth.

Competitive Insights

The key players in the organic rice protein market are AIDP Inc., Axiom Foods, and Rice Bran Technologies. The other industry players include Shaanxi Fuheng Biotechnology Co., Ltd., Top Health Ingredients Inc., The Green Labs LLC, Nutrition Resource Inc., Shafi Gluco Chem Pvt. Ltd., Bioway Organic Ingredients Co. Ltd., and Golden Grain Group Ltd. Agreements and partnerships are the strategies adopted by the key players. Companies are trying to increase their global reach by entering into partnerships and expanding their distribution channels. Key manufacturers are involved in extensive R & D for high-quality product development, which is expected to drive the competition among the key manufacturers.

Pet Food Market Achieve Mildstone of USD 98.81 billion

Global Pet Food Market is anticipated to reach USD 98.81 billion by 2022. The market is anticipated to grow at a healthy rate in the years to come. The factors that propel the growth of the market include rapid urbanization & industrialization, increasing demand, increasing trend of nuclear families, improved consciousness about pet health, and fast humanization of pets, product development & technological innovations.

In addition, factors such as changing standard of living, rise in disposable income, increase in number of pet owners, and growing pet humanization significantly fuel the market growth. On the other hand, there are factors that may hamper the growth of the market such as growing obesity in pets and increasing pet allergies. The Pet Food Market is anticipated to grow at a significant CAGR of 4.3% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

The market may be explored by food product, applications, sale channel, and geography. Pet Food Market may be explored by food product as Wet/Canned Food, Dry Food, Snacks/treats, Nutritious Food, and Others. The “Dry products” segment dominated the Pet Food Market in 2014 and anticipated to maintain its dominance by 2022. Dry food products are mostly targeted for young animals due to their high nutritive value. These products are accessible in an extensive price range, standard, standard premium, super premium, and economy. Important factors driving demand for dry products comprise lower generation of waste, longer storage, and handling convenience.

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Pet Food Market may be explored by application as Cats, Dogs, and Others. The “Dog” segment dominated the application of the Pet Food Market in 2014 and is anticipated to maintain its dominance by 2022. Dogs are the friendliest animals kept as pets across the globe. Accessibility of dog food for various types is expected to have an optimistic influence on industry development over the forecast period.

The market may be explored by sale channel as Hypermarkets, Specialized Pet Shops, Internet Sales, and Others (Grocery Stores, Non-grocery Stores). Asia-Pacific accounted for the major share of the market in 2014 and will continue to lead in the forecast period. The factors that could be attributed to the growth include increasing urbanization across the developing economies that has resulted in larger adoption of several animals as companions will boost the Pet Food Market growth in the years to come.

Some of the key players that fuel the growth of the Pet Food Market comprise Gitwako Farms (I) Pvt. Ltd., Avanti Overseas Pvt. Ltd., Agro Food Industries Pvt. Ltd., Frigorifico Allana Pvt. Ltd., Doggie Dabbas, Cuddleup Diet Products Pvt. Ltd., Bharat International Pet Foods Pvt. Ltd., Mars International India Pvt. Ltd., Venky’s (India) Ltd, and Khanal Foods Pvt. Ltd. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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Pet Food Product Outlook (Volume, Kilo Tons; Revenue, USD Billion, 2012 – 2022)
• Dry Food
  • Wet/Canned Food
  • Nutritious Food
  • Snacks/treats
  • Others

Pet Food Application Outlook (Volume, Kilo Tons; Revenue, USD Billion, 2012 – 2022)
  • Dogs
  • Cats
  • Others

Excipients Market Will Generate About USD 6.9 billion By 2024

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

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

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

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

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

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

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

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

Empty Capsules Market Is Burgeoning Worldwide By 2024

The global Empty Capsules Market was estimated at USD 1.34 billion in 2015 and is expected to grow at a significant CAGR over the forecast period. The major factors impelling the market growth are increasing adoption rate of capsules when compared to tablets, rising demand of empty capsules in cosmeceutical, nutraceutical and pharmaceutical industries and growing geriatric population. Capsule- based formulations are more popular among the aged population, owing to benefits like faster dissolution time as compared to the other oral dosage forms, capsules make swallowing easier for patients, moreover, the gastrointestinal irritation caused by capsules is comparatively less than other dosage forms. These aforementioned benefits associated with capsules are likely to boost the market growth over the forecast period.

However, the religious and cultural issues arising due to use of animal derivatives, such as bovine and porcine gelatin capsules and growing prices of raw materials, are expected to hinder the market growth over the forecast period.

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According to the product type, empty capsules market is categorized into non-gelatin and gelatin capsules. In 2015, the gelatin capsules segment accounted for the largest market share and is anticipated to maintain its dominant position over the forecast period owing to the increase in use of gelatin capsules for formulating novel drug delivery systems and easy availability of gelatin for manufacturing purpose.

However, non-gelatin segment is expected to experience a comparatively faster growth at a CAGR of 6.89% over the forecast period. Major factors contributing to the growth of this segment include the strict government regulations for use of animal-derived gelatin, incompatibilities of certain drugs with gelatin capsules and better stability of non-gelatin capsules, which is expected to increase the demand for non-gelatin capsules.

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Major therapeutic application of empty capsules can be segmented into cold and cough preparations, anti-anemic preparations, anti-flatulent and antacid preparations, dietary and vitamin supplements, cardiac therapy drugs, anti-rheumatic and anti-inflammatory drugs, anti-bacterial and antibiotic drugs, and other therapeutic applications.

In 2015, antibacterial and antibiotic drugs segment accounted for the largest market share owing to the high prevalence of various chronic conditions and infectious diseases that are expected to impose high pressure on the pharmaceutical industries and consequently boost the empty capsule market over the forecast period.

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Based on end-use, the empty capsules market is segmented into research laboratories, cosmetic industry, nutraceutical industry and pharmaceutical industry. Pharmaceutical industry segment generated the maximum revenue in 2015 and is expected to dominate the market throughout the forecast period, because of large scale use of capsules over other oral dosage forms, which is expected to promote demand of empty capsules in the pharmaceutical industry in order to treat various infectious and cardiac diseases.

Regional Insights

North America’s accounted for highest share of the total empty capsules market in 2015 and is expected to grow at a CAGR of 6.1% during the forecast period owing to the high penetration rate of cosmeceutical and nutraceutical industry along with rising awareness of nutraceutical products among the consumers.

Asia-Pacific is expected to witness the fastest growth over the forecast period. This growth can be attributed to the increase in proliferation of pharmaceutical industry, rising awareness regarding cosmeceuticals and nutraceuticals products, improved healthcare infrastructure, and less stringent government regulations in the nutraceutical industry.

Competitive Insights

Some players in the empty capsules market include Sunil Healthcare Ltd. (Sunloc Healthcare, Inc.), Roxlor LLC, Patheon, Inc. (Banner Pharmacaps, Inc.), Qualicaps, Inc. (Mitsubishi Chemical Holdings Corporation), Medicaps Ltd., CapsCanada Corporation, JC Biological Technology Co. Ltd, ACG Associated capsules Pvt. Ltd., and Capsugel, Inc.

Global Food Emulsifiers Market is Booming Worldwide from 2020 to 2024

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

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

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

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

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

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

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

Liquid Silicone Rubber (LSR) Market Will Reach Height of USD 3.29 billion By 2024

The global Liquid Silicone Rubber (LSR) Market is anticipated to reach USD 3.29 billion by 2025, with a CAGR of 7.9% over the forecast period. The growing demand from automotive and medical sectors have emerged as the crucial drivers of the global market in the near future.

The liquid silicone rubber possesses superior properties for example ability to withstand very high temperatures, chemical inertness and electrical resistance. These features have enhanced its broad acceptance across automotive, electrical & electronics, medical and various other sectors. Increasing elderly population is driving the demand medical devices and implants in the medical sector.

The applications of LSR are growing in conventional rubber along with areas where conventional rubber had not been used. The LSR technology is experiencing a fast change. Some current applications comprise of LED headlights, medical implants & devices, kitchenware, fitness tracker, bake ware and wiper blades as well as manufacturing drug eluding devices.

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Additional benefits of the material consist of producing lesser waste, high stability in product dimensions, more volume production on account of its low manufacturing costs and short cycle time. As a result, it has substituted materials such as latex, glass and plastic in numerous industrial and medical applications.

Strict regulatory norms regarding materials to be applied in medical devices and kitchenware is further driving the demand for the global market. In addition, demographics, improving lifestyle and urbanization are boosting the demand of consumer and electronics goods, which in turn is supplementing the market demand.

With an aim to accomplish competitive advantage, the major participants are collaborating with suppliers to achieve modern material technology. The few material innovations consist of silicone materials with optical grade, self-lubricated, antimicrobial and self-adhesive properties.

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Medical grade is rapidly growing as compared to other grades of liquid silicone rubber. Its widespread application in manufacturing of oxygen mask instruments, dialysis filters, syringe stoppers, saccules, tracheal tube and other medical parts on account of its bacterial resistance, transparency, high dielectric strength, high elongation gas permeability and numerous other unique properties.

Medical grade is the most expensive grade as it requires completion of numerous regulations in order to be applied in manufacturing medical devices. It is also substituting latex at a significant rate which was used in implantable devices since long back as it caused opposing reactions in the patient’s body.

In terms of revenue generation, industrial grade is the largest segment and is applied in industries such as construction, aerospace, electronics, cosmetics and various other components. It is a suitable material for parts such as keypads, electronic displays, grommets, antennas and others.

Application Insights

The demand for the material is undergoing rapid growth in medical industry led by increasing demand for disposable devices and medical implants. Compatibility regarding long term implantable devices, technological advancements, bacteria and advent as a drug eluting product is expected to enhance the material demand in medical sectors. The key application areas consist of cardiology, ophthalmology, bariatric surgery, orthopedics, general surgery and others. The market participants operating in plastic injection molding have also grabbed prospects of the material with a view to cater the increasing requirements from medical sector.

The broader applications of LSR in membranes, LED headlights, valves, gaskets, windshield and other parts are expected to enhance the market demand for the product in automotive applications. The capability of the material to withstand extreme temperatures, cost effectiveness and durability is grabbing the attention of automotive firms, specifically in the manufacturing of gaskets.

The additional benefits of the product consist of energy saving, automated process, minimum waste generation, short cycle time and economies of scale, which is expected to further enhance the usage in automotive industry over the forecast period. In addition, new trends in the automobile sector are shifting in the way of completely automated vehicles that are equipped with modern technological features, resulting in creating future paths for the LSR market in the upcoming years.