Latest Market Trends

Automotive Sunroof Market Will Reach New Heights

Consumers mainly look for comparatively higher comfort for their cars than before. Presently, the air-conditioning and sunroofs are no more high-class components of modern luxury cars.

What is a Sunroof?

Automotive sunroof is the roof opening in 4-wheelers just like one with coverable metal panel.

The global Automotive Sunroof market crossed 6.2 billion in 2016 and is expected to grow considerably by 2025 with increasing consumers demand for luxury cars. Consumers mainly look for comparatively higher comfort for their cars than before. Presently, the air-conditioning and sunroofs are no more high-class components of modern luxury cars. With the growing competitive market, the vehicle manufacturers are making use of sunroofs and other equipment to build innovative designs. Some of the driving factors of the market include the need to manage light inside the vehicle and wider glass surface area in vehicles like larger sunroofs. These factors are expected to boost automotive sunroof market with a CAGR of 6.9% in the coming years.

Technological advancements in the vehicle industry such as installation of automotive sunroof is a major reason behind the increased comfort, safety and visually appealing features by customers. The sunroofs help the vehicle to get better air circulation along with improved lighting and brightness while daytime. This automatically increases the passengers’ comfort level inside the car. Currently, numerous manufacturers have begun using smart glasses, which takes care of the security issue.

A smart glass is light in weight, raises the vehicle’s fuel efficiency, offer improved control on heat and light emission and lowers the use of (HVAC) heating ventilation and air conditioning unit to maintain the inner vehicle’s temperature. OEMs like Audi, Mercedes-Benz, BMW are successively using smart glass for the sunroof in their vehicles. This is expected to lead the market with positive development in the coming years.

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In the previous years, the automotive sunroof industry witnessed major technological advancements by using different materials. Today, the vehicle makers are largely opting for durable high-tech materials like ethylene propylene diene monomer rubber products and silicone, which prevents the harmful UV radiations. Over the years, the industry is expected to grow impressively displaying dynamic technological innovations and improvements in leakage issues.

The after sales market is also fuelling up the growth of automotive sunroof industry. The rising alternative fuel vehicle division is inspiring the development of sunroofs with built-in solar cells that provides power to vehicles. Customers are now preferring sunroof, which is one of the major trends observed in the automotive sunroof market in the coming years. Moreover, the technological development for cost reduction and expanding functionality of sunroof glasses are on hike. This growing consumer demand for automotive sunroof vehicles in the developing countries is expected to drive the market.

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The automotive sunroof industry is categorized on the basis of material type, glass type and sunroof type. On the basis of material type, the market is divided into Glass Sunroof type and Fiber Sunroof type. The Glass Sunroof type is expected to dominate the market growth in terms of revenue. On the basis of Glass Type, the industry is divided into Laminated Glass Sunroof and Tempered Glass Sunroof. On the basis of Sunroof Type, the industry is divided into In-Built Glass Sunroof, Tilt and Slide Glass Sunroof, Panoramic Glass Sunroof, Top-Mount Glass Sunroof, Pop-Up Glass Sunroof and Solar Glass Sunroof. Geographically, the automotive sunroof market can be segmented as Europe, North America, Asia Pacific, Middle East & Africa and Latin America. Europe is predicted to dominate the market share in the coming years with progressive increase in demand for luxury vehicles with sunroof. Some major automotive sunroof industry players profiled are Automotive Sunroof Company, Webasto SE, Nippon Sheet Glass Co. Ltd., Yachiyo Industry Co., Ltd., Johnan America, Inc., Corning Inc., Meritor Inc., Aisin Seiki Co., Ltd., Inalfa Roof Systems Group B.V and Inteva Products, LLC,.

Rainscreen Cladding Market Will Reach Height of USD 14.0 billion By 2024

The main purpose of rain screen cladding is to protect the exterior wall of a building from rainwater and prevent it from penetrating the interior of the property.

What is a Rainscreen cladding?

Rainscreen cladding is the attachment of an outer skin of rear-ventilated cladding to a new or existing building. The system is a form of double-wall construction that uses an outer layer to keep out the rain and an inner layer to provide thermal insulation, prevent excessive air leakage and carry wind loading.

Global Rain screen Cladding Market size is expected to reach USD 14.0 billion by 2024. Rain screen cladding is an attachment of the outer skin with a ventilated & drained cavity provided to a new or existing building infrastructure. The main purpose of rain screen cladding is to protect the exterior wall of a building from rainwater and prevent it from penetrating the interior of the property. The market size is expected to register a CAGR of 7.6% in the upcoming period as the scope, product types, and its applications are increasing across the globe. It provides some advantages such as lightweight material, thermal insulation, improved external appearance and acoustic performance of the buildings. Demand for these products has increased significantly due to promotion by International Energy Agency and World Green Building Council.

In rain screen cladding, some raw materials are used such as fiber cement, metal, composite material, terracotta, high pressure laminates, ceramic, and others. Composites are the leading raw material for the manufacture of rain screen cladding owing to properties like durability, higher strength and flexibility. The “fiber cement” segment is anticipated to hold the highest market share over the forecast period. This material can resist the growth of mold, fungi, and bacteria. These materials are gaining increasing importance as they require no special tools for installation.

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Metals are lightweight and easy to install. Metals such as zinc, aluminum, and steel are used for various applications. They offer some advantages like aesthetic appeal, sound & thermal insulation and fire resistance. Metals are mostly used due to their rigidity, superior flatness, excellent tensile strength and stability under changing thermal conditions. The factors that play an important role in the growth of rain screen cladding market include increasing demand, growing population, increasing urbanization & industrialization, growing demand for energy efficient buildings construction, growing construction industry, emerging need for exterior wall protection, technological advancements and stringent government rules & regulations. Moreover, increasing demand of eco-friendly buildings due to stringent government regulations, rising awareness about environmental degradation, changing lifestyle, and rising disposable income are main factors driving the growth of market in the next couple of years.

However, high installation and maintenance cost are negatively impacting the growth of rain screen cladding industry. The market is widely analyzed based on different regional factors such as gross domestic product (GDP), demographics, acceptance, inflation rate, and others. The market is categorized based on raw material, application and geography. The market is classified into application such as commercial, residential, offices, industrial and institutional. The “offices” segment is expected to hold the largest market share in the upcoming period due to increasing refurbishment of office structures.

Additionally, the “residential” application is projected to grow at the higher CAGR during the forecast period. The increasing expenditure on affordable housing schemes in developing countries, growing over-cladding activities on existing buildings and stringent government rules & regulations for developing green buildings are anticipated to boost the demand for rain screen cladding in the residential sector.

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Asia Pacific has been at the forefront with regards to rain screen cladding market and will continue to rule the roost in the years to come. The increasing population in developing countries, coupled with high demand for affordable government & housing schemes promoting energy efficiencies and growing construction industry are major factors drive the market growth
in this region.

The key players contributing to the robust development of the rain screen cladding market include King span Insulation plc, Lakesmere International Ltd., Dow Building Solutions, Ash & Lacy Building System Ltd., Carea Ltd., Booth Muirie Ltd., Celotex Ltd., E.I. DuPont de Nemours & Co., CGL Facades Co., MF Murray Company, Kalzip Ltd., Rockwool International A/S, NvelopeRainscreen System Ltd. and TAKTL LLC. These market players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

Market Segment:

Rainscreen Cladding Raw Material Outlook (Volume, Thousand Sq. Meters; Revenue, USD Million, 2014 – 2024)
• Fiber Cement
  • Composite Material
  • Metal
  • High Pressure Laminates
  • Terracotta
  • Ceramic
  • Others

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Paint Protection Film Market Will Reach Height of USD 369.3 million By 2022

What is a Paint protection film?

Paint protection film is a thermoplastic urethane often self healing film applied to painted surfaces of a new or used car in order to protect the paint from stone chips, bug splatters, and minor abrasions. This film is also used on airplanes, RVs, cell phones, electronics, screens, motorcycles and many other areas.

The global Paint Protection Film market is expected to reach USD 369.3 million by 2022. The market is driven by factors such as growing rate of automobile such as cars, bikes, and the other high-end vehicles coupled with rise in disposable income and increase in spending in automotive as well as OEM sector. The paint protection film market is expected to witness a CAGR of 6.6% in the forthcoming period.

Economic stability acts as a booster for Paint Protection Film in a particular geographical market. Other than automobiles and OEM, paint protection film is used against abrasion in smartphones, mobile phones, and the other electronic items. Proliferation of paint protection films for these applications is a crucial factor for market development in the near future.

Paint Protection Film is a robust thermoplastic urethane material applied to painted surfaces to protect the paint from abrasions, bug splatters, mud, debris, sand, and stone chips. PPF films find uses in applications ranging from automobiles, aircrafts, watercrafts, cell phones, smart gadgets, desktop, and laptop screens and many more. Service life of a PPF also needs careful determination. Besides, the PPF films are extremely durable and there is low probability that it may live a shorter life than the vehicle.

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The market witnesses several opportunities for development in near future, such as rising number of OEM and electronic manufacturers, rise in young population with streamline, and customized demands for automobile paints and presence of international brands. However, availability of cheap substitutes at reasonable prices contrary to the original product availability at higher price coupled with high installation costs may fluctuate the market demand ultimately creating challenges for market growth during the given forecast period.

The market is trifurcated into product, application, and geography. Geographical segmentation for Paint Protection Film market spans North America, South America, Europe, Asia-Pacific, Middle East and Africa. North American market is expected to rise at a staggering CAGR in the forthcoming period owing to rising penetration of paint protection films in non-automotive applications coupled with presence of large pool of consumers.

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On the other hand, European market is expected to follow the trend along with presence of OEMs and innovative concepts for automotive paints. EU countries such as Germany and France are major manufacturer and suppliers of paint protection films mainly for defense, automotive and aerospace domain. Asia-Pacific’s Paint Protection Film market is anticipated to grow at a higher CAGR in the forecast period owing to flourishing market in South Korea, Japan, China and India with the presence of PPF manufacturers and substitutes for international brands.

Middle East and African regions are anticipated to grow at a positive CAGR due to rising demand that caters to automotive paint needs in the tropical climate. Shift in consumer patterns with cost benefits is likely to propel the local market in MEA regions. The key players in the Paint Protection Film industry include 3M Company, Lubrizol, SunTek Films, Solar Gard, Topaz, Avery Denison, Argotec, Premier Protective Films, and XPEL Technologies.

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Automotive HVAC Market Will Grow CAGR of 8.6% By 2025

“Heating, ventilation and air conditioning (HVAC) is the technology for indoor and automotive ambient comfort. HVAC facilitates in managing the pleasant climate inside the cabin by controlling the degree of hotness/coolness.”

What is a automotive HVAC?

The global Automotive HVAC Market estimated to grow at a CAGR of 8.6% by the completion of the prediction period. Gushing demand for passenger vehicles and rising necessity for the additional lavish and cozy tourism selections have been boosting the market. Altering ecological circumstances, growing stages of earnings, and increasing populace of intermediate class are projected to increase the development of the market above the period of prediction.

Technical inventions and considerable funds in R&D creativities are expected to improve technical competences of companies. Environmentally friendly HVAC units attached with inventive designs to decrease weight and scope of arrangements for superior flexibility and better-quality vehicle enactment. Process of these HVAC arrangements necessitates substantial power and takes an adverse consequence on fuel budget.

The automobile production has been a foremost supplier, concerning increasing stages of CO2 releases. Moreover, increasing alertness of the customer about declining ecological circumstances has been inspiring customers to swing to environmentally friendly resolutions. Growing government rules to improve energy effective and short discharge resolutions combined with greater maintenance charges are expected to unfavorably disturb the development of the market.

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The automotive heating ventilation and air conditioning (HVAC) market on the source of Type of Vehicle could span Heavy Commercial Vehicle [HCV], Light Commercial Vehicle [LCV], Passenger Cars. The subdivision of “Passenger Car HVAC” was responsible for around three quarters of the general income during the past year. It is likely to witness maximum CAGR for the duration of the prediction. The demand for automotive HVAC systems in Light Commercial Vehicle [LCV], is likewise expected to increase at a strong speed owing to superior economic structures.

The automotive HVAC market on the source of Type of Technology could span Automatic, Manual. The sub division of “Automatic arrangement” is the most important technology sector and is likely to lead the market by the completion of the prediction period. The subdivision was responsible for the maximum income of the general market during the past year. It is projected to record a greater CAGR for the duration of the prediction.

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Increasing demand for automatic automotive HVAC systems could be credited to the developing inclinations of the customer and growing demand for luxury automobiles. Additionally, technical progresses in HVAC machineries for example the measuring device for fogging, automatic controls of temperature and automatic recirculation of the air can support to boost the enactment of the vehicle and decrease the general ingestion of fuel.

The automotive HVAC industry on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage for the duration of the prediction could span North America [U.S.A, Canada, Mexico], Europe [Germany, U.K.], Asia Pacific [India, Japan, China], South America [Argentina, Brazil], Middle East & Africa

By the source of geography, the Asia Pacific is expected to observe important development due to the existence of automobile companies, huge quantity manufacture of automobiles, and the increasing demand for the automobiles in emerging states like China, South Korea and India. Similarly, government inventiveness to resuscitate the automobile business are the factors likely to motivate the market for the duration of the prediction.

North America is expected to witness strong development for the duration of the prediction owing to refining macroeconomic circumstances and growing manufacture of automobile in the area. The area is expected to grow at a higher CAGR for the duration of the prediction. Furthermore, increasing per head earnings of the U.S.A and gushing demand for luxury automobiles are expected to inspire the development of the provincial market above the equivalent period.

The statement revises Trades in terms of intake of automotive HVAC in the market; particularly in North America, Europe, Asia Pacific, South America, and Middle East & Africa. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the field are Del Star Technologies, Engineered Plastic Components, Hanon Systems, Brose Fahrzeugteile GmbH & Co. Kg, Denso Corporation, Calsonic Kansei, Air International Thermal Systems, Keihin Corporation, Johnson Electric Holdings Ltd, Japan Climate Systems Corporation. Additional notable companies operating in the field are Valeo Group, Sensate Technologies Inc., Mahler Behr GmbH, Sanden Holdings Corporation, Japan Climate Systems Corporation, Johnson Electric.

Sodium Silicate Market Will Reach Height of USD 7.84 billion By 2025

increasing demand for sodium silicate from applications such as precipitated silica, detergents, pulp & paper, construction, metal casting, water treatment, and food preservation.

What is a Sodium silicate?

Sodium silicate, also known as “Liquid glass” or “Water glass”, is a compound and usually a colorless transparent solid or white powder. It is soluble in water under prescribed limits. Factors, such as increasing demand for sodium silicate from applications such as precipitated silica, detergents, pulp & paper, construction, metal casting, water treatment, and food preservation. In addition, technological advancements, rising disposable income of people in emerging economies, increasing usage in the construction segment, shifting preferences regarding detergents and cleaning agents and growing demand are likely to drive the sodium silicate industry in forthcoming period.

On the other hand, hazardous effects on human health due to exposure to high concentration of sodium silicate are anticipated to hinder sodium silicate market growth in future. However, increase in demand for environment-friendly binding agents in the construction manufacturing is likely to create lucrative opportunities for the market. Sodium silicate industry is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.

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Sodium silicate market is segmented by form, application, distribution channel, and geography. The market of sodium silicate is segmented by form as Solid Sodium Silicate and Liquid Sodium Silicate. The “Solid Sodium Silicate” segment accounted for a prominent share in the market. It is likely to witness a substantial growth in the years to come. The key factors that could be attributed to the growth of the market includes easy use and easy to store as compared to liquid sodium silicate and low transportation cost.

The key applications are segmented in the sodium silicate industry include Construction, Detergents, Precipitated Silica, Water Treatment, Pulp & Paper, Food Preservation, Metal Casting and Others (Fire Protection, Paints & Coatings, Cosmetics, Catalyst Manufacturing, and Textile). The “Detergents” segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come.

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The key factors that could be attributed to the growth of the market include rising demand for sodium silicate for the manufacturing of cleansing agent that are used for numerous washing. In addition, cleaning methods, such as industrial or domestic clothes washing, washing bottles, dishes, locomotives, dairy equipment, and floor cleaning, and metal degreasing and cleaning. The sodium silicate market is segmented based on distribution channel as offline and online distribution. The “Offline” segment accounted for a prominent share in the market. It is likely to witness a substantial growth in the years to come.

Asia-Pacific is a leading region in the market. It is likely to maintain a dominance in the forecast period owing to factors, such as rising demand for sodium silicate from applications such as construction and detergents, increasing foreign investments, rising population, development of the pulp and paper industry and rapid urbanization. China is the foremost consumer and producer of sodium silicate. Asia-Pacific is followed by European region owing to the rising demand for the compound in healthcare and pulp & paper applications.

Key players operating in the sodium silicate industry include CIECH Group, BASF SE, GHCL Limited, Evonik Industries AG, IQE Group, Huber Engineered Materials, Nippon Chemical Industrial Co. Ltd., Merck Millipore, PPG Industries Inc., Occidental Petroleum Corporation, Shangyu Huachang Industrial Co. Ltd., PQ Corporation, Sichem Silica Gel Co. Ltd. Shijiazhuang Shuanglian Chemical Industry Co. Ltd. Tata Chemicals Limited, Solvay S.A., W.R. Grace & Company and Tokuyama Corporation. The leading companies are involved in partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Ryan Manuel

Research Support Specialist, USA Email: ryan@millioninsights.com

Fog Computing Market Will Accomplish Outstanding USD 617.3 million Figure By 2025

Fog computing, also termed as “edge computing” or “fogging” in association with cloud emphasis helps in faster decision-making strictly with computations on cognizable data by deployment

What is a Fog computing?

“Fog computing or fog networking, also known as fogging, is an architecture that uses edge devices to carry out a substantial amount of computation, storage, and communication locally and routed over the Internet backbone.”

Fog computing, also termed as “edge computing” or “fogging” in association with cloud emphasis helps in faster decision-making strictly with computations on cognizable data by deployment of fog nodes close to Internet of Things (IoT) aided devices, placed anywhere in the network trajectory either on a factory floor, top of a power pole or an oil rig, subject having connectivity, computational and storage imperatives.

The primary drivers for fog computing market are inundation of IoT devices with parallel IoT connectivity, subsequent growth in cloud computing market size and Machine to machine (M-M) connectivity. The factors driving the fog computing market size include computational power speed, increased operational efficiency and cost savings across all verticals in the industry. By type, the fog computing market size spans hardware and software. Software further disintegrates into fog computing platform and customized application software. By Application, the fog computing market size comprises building and home automation, smart energy, smart manufacturing, transport and logistics, connected health, security and emergencies and others-smart environment and smart retail.

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By geography, the market size extends to North America, Europe, Asia Pacific, MEA and Latin America. The increased dominance of the Fog Computing Market by Software is underscored by presence of majority of the players in cloud and IoT ecosystem and would benefit by leveraging the system architecture at platform and applications hierarchy.

Being a software domain, the providers are not stranded with heavy capital investment as would be with hardware, thus boosting the market. The fog computing market by smart manufacturing application is in a transformative phase gravitating towards process automation in the manufacturing sector and IoT with machine-machine connectivity is a relatively untouched area for fog computing market to monitor machine operations in real-time. North America with importance ascribed to Internet of Things (IoT) and displaying economic prosperity is a growing market for fog computing market. Being one among the most technically advanced and developed nations, U.S. and Canada are prime motivators of fog computing market.

Fog networking supports the Internet of Everything concept wherein most of devices of daily-use will be interconnected with each other, with phones, connected vehicles, consumer appliances, virtual reality (VR) using Google glass as prime examples. Virtual Reality (VR) devices work under a 5K environment and at network edge with dynamic feeds (Google glass, tablets, phones) in a cloud/fog scenario to reduce latency times, improve audio/video compression ratios that catches camera feeds in multi-camera systems.

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The key stakeholders in the market include IT infrastructure equipment providers, support infrastructure equipment providers, component providers, software providers, system integrators, network service providers, monitoring service providers, support service providers, professional service providers, distributors and resellers, cloud providers, collocation providers, enterprises and data center vendors, government and standardization bodies, telecom operators, healthcare organizations and financial organizations.

As per an article dated Aug 2016, the verdict goes that IoT or Internet of Things with fog computing drastically turns the tide in favor of the market by getting IoT devices closer to the edge, the only access point for increasing bandwidth and help the medical industry where limitations in internet speed and latency times of IoT are reasons for a sluggish demand of the devices in telemedicine.

Growth in IoT industry owes its success to cloud service providers and inimitable data centers but with connected devices like self-driving cars where a delay of nanoseconds end in mishaps with same going for telemedicine where lives rest on speed and accuracy, a slight delay could prove fatal.

What are the top Fog computing players?

The key industry players spanning the fog computing market size include Microsoft, Cisco, Dell, Intel, Arm Holding, Fujitsu and Schneider Electric Software. PrismTech Corporation, Nebbiolo Technologies and Dell Corporation.

How Methyl Ethyl Ketone (MEK) Market Hit Almost USD 4.01 billion Figure By 2025

What is a Methyl-ethyl-ketone (MEK):

Methyl-ethyl-ketone (MEK) is a colourless and a harsh smelling carbon-based compound. It is commonly identified as butanone. It is characterized by outstanding chemical properties including high viscosity, low boiling point, high solvency and high evaporation rate owing to which it is used as a solvent across several applications.

This liquid has a sweet smell indicated the presence of acetone and butterscotch, hence is produced on a large scale in the industries. Photo-oxidation of air pollutants such as hydrocarbons and butane results in the form of MEK.

It is widely used in industrial applications as it is easily soluble in water. The primary usage of MEK is as a solvent in processes involving gums cellulose acetate, resins and cellulose nitrate. Other end use applications where MEK is used include domestic products such as lacquer and varnishes, synthetic rubber, paraffin wax and glues as well as paint remover.

What is the Methyl-ethyl-ketone Market Size:

The global methyl ethyl ketone (MEK) market was valued at USD 2.56 billion in 2015 and is anticipated to reach USD 4.01 billion by 2024.

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MEK is acts as a natural component in foods, a wide assortment of cheeses, beans, honey, chicken and apple juice. MEK is also found in drinking water and surface water at numerous sites. One can also come I contact with MEK through contact with household products which contains chemicals or even at the workplace. The quantity, frequency and length of exposure can affect the health of a person. Effects can vary from irritation and headaches to severe damage to skin and nervous system. However, with strict government regulations and rising environmental concerns, the market is expected to experience a downturn as MEK has been marked for its harmful nature in Toxic Substances Control Act by EPA among others. Secondary challenges that can hamper market growth include presence of substitute compounds and raw material price sensitivity.

The global MEK market is led by a few manufacturers, particularly based out of China. Despite this, the MEK demand is anticipated to be comparatively slow. Nonetheless, its global supply is expected to rise considerably after the revival of Asia’s leading facility situated in China that had been closed down in 2011 due to damages caused by earthquakes.

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Methyl-ethyl-ketone Market Application:

The compound is used as a solvent in various applications and primarily in paints& coatings and printing inks owing to its properties such as low boiling points and low viscosity. Other applications include rubber-based industrial cement, textiles, plastics, cleaning agents and PVC piping. In the pharmaceutical industry, MEK is used in resins and thinners that are applied as lacquers/solvents. In addition, MEK peroxides are used as a catalytic agent in the polymerization process of polyester resins. Global demand for MEK is driven by the rising demand for paints and coatings from furniture, automobile and infrastructural industries.

The higher solvency and lower density of ketones compared to the corresponding ester substitutes contribute to reduced VOC content just by changing to ketone solvents such as MEK. Owing to the dual functionality, MEK has slow evaporation rate, complete solubility in water and high solvent strength which gives it a unique advantage as a solvent in water-based coatings.

For achieving stable production rates and minimizing operational challenges in the production system of MEK, the primary areas requiring attention are Instrumentation and metallurgy in process control parameters, scheduled maintenance and Inspection and acid handling areas.

Methyl-ethyl-ketone Reginal Demand

The global market is segmented into four regions: North America, Europe, Asia Pacific, and Row. Asia Pacific is expected to dominate the MEK industry and emerge as the market leader. This can be attributed to the steady growth in paints &coatings market resulting from heavy consumption in manufacturing and construction industries. The European market is anticipated to experience uniform growth trends on account of stringent regulations and increasing concerns regarding health and fitness which are restraining the use of methyl ethyl ketone in this region. Market demand in the U.S is projected to be stable, and the declining prices are expected to further increase its demand in the coming years.

What are the methyl ethyl ketone Producer?

Key participants of the methyl ethyl ketone market include Arkema S.A., Shell Chemicals, Exxon Mobil, Sasol Solvents, Maruzen Petrochemical Co Ltd., SK Energy Co Ltd., Petro China, Lanzhou Petrochemicals and Idemitsu Kosan Co. Ltd.

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Superdisintegrants Market Attain Height of USD 487.0 million Worldwide

What are the Superdisintegrants?

Superdisintegrants are the materials primarily used in the pharmaceutical preparation of tablets. Due to these materials, the medicinal substances used in the tablet get disintegrated and release their medicinal substances when they come in contact with moisture. Superdisintegrants are the materials or the combinations of materials added to the drug preparation that simplifies the breakup of tablet or capsule content into lesser atoms that liquefy faster than in the absence of disintegrants.

The healing action of these preparations is acquired through a typical way alike disintegration followed by dissolution. Superdisintegrants are normally used at a small level in the hard dose method, classically 1-10 % by weight comparative to the total weight of the dose unit.

What is a Superdisintegrants Market Size?

The global Superdisintegrants market size was valued at around USD 258.6 million in 2016 and is expected to reach USD 487.0 million by 2025, with a CAGR of 7.2%.

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The worldwide market of the superdisintegrants is split by Product type (Natural, Synthetic, Others), Application type (Tablets, Capsules), Therapeutic area (Oncology, Neurology, Cardiology, Infectious Disease, hematology), and Geography (North America, Europe, Asia Pacific, and Rest of the World (RoW). The “synthetic” superdisintegrants market is further classified into crospovidone, modified scratch, ion exchange resins, calcium silicates, and modified cellulose.

The synthetic segment dominates the market. North America leads the market; followed by Europe. The driving factors for this growth include development of new forms of oral dosage coupled with continuous efforts toward providing compliant and superior products. The other factors include increasing incidences of neurological diseases, cardiovascular diseases, and the other related diseases.

The Asia Pacific region is forecast to grow at the highest CAGR. This will be due to rising expenditure on the healthcare products and growing healthcare awareness, increasing healthcare infrastructure and outsourcing of excipient manufacturing to Asian countries, for example: China and India.

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This growth in the market is expected due to the rising population of elderly people, pediatric patients, the growing market for the generic drugs, and arrival of the new superdisintegrant materials. Yet there are certain factors which will restrict the growth of this market, for example the expenditure on the research and development is going down.

Market Segment:

Product Outlook (Revenue, USD Million, 2014 – 2025)
• Croscarmellose sodium
  • Crospovidone
  • Sodium starch glycolate
  • Ion exchange resin
  • Others

Dosage Form Outlook (Revenue, USD Million, 2014 – 2025)
• Tablets and Capsules
• Mouth-dissolving Films

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Photonics Market Will Reach Height of USD 979.90 billion By 2025

Photonics is the foremost technology for the advent of newest smart systems. The applications of photonics are omnipresent.

What is a Photonics market size?

The global Photonics market was valued at over USD 600 billion in 2015 and is expected to reach USD 979.90 billion by 2024.

What is a Photonics?

Photonics is the foremost technology for the advent of newest smart systems. The applications of photonics are omnipresent. From the regular everyday life to the highly advanced science, photonics finds application in lighting, visual art, light detection, information processing, holography, production technologies, agriculture, photonic sensors, robotics, medicine (vision correction, health monitoring, surgery, endoscopy), telecommunications, laser material processing, metrology, displays, spectroscopy, defense technologies, bio-photonics, and photovoltaic.

It has witnessed a radical change in the technology of photonics in the recent past, based on the research activities performed. The photonic technology has been developed and implemented in many verticals. The advances in the global photonics market have been stimulated owing to the developments in the field of fiber optics. The introduction of electricity has given a boost to the conversion. The advancement of optics reached the peak point of the use of electric bulbs and primeval lamps to the highly advanced lasers.

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Photonics involves the generation, switching, detection, emission and modulation of light. Adding to this, photonics additionally involves all uses of light across the spectrum, extending from ultraviolet to visible light. The application segment of photonics includes displays, communication, sensing, consumer electronics, defense and safety technology, and metrology. Adding to it, photonics find application in high-performance computing segment and health and medical care.

The global photonics market has started developing products which are eco-friendly. These products are expected to be developed and introduced over the next few years. Some of the major factors driving the global photonics market include a better substitute for the conventional technology, increased requirement for higher security and safety solutions, and growth in the wireless technology. On the contrary, lack of awareness among the consumers, lack of technological and industrial standards, and the requirement for huge initial capital investment is projected to negatively impact the overall photonics market growth.

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The fastest growing segment of the global photonics market is medical and health care. The most important products of photonics include waveguides, optical interconnects, wavelength division multiplexer filters, lasers, spectroscopes, optical modulators, LED (light emitting diodes), photo detectors, and amplifiers. Equipment based on photonics are comparatively cheaper than the conventional devices.

The factors driving the global photonics market include the requirement for high-speed electronics and lesser consumption of power. The most important product of photonics is wavelength division multiplexer filter. Growing demand for high-speed communication is one of the key factors responsible for boosting the demand for wavelength division multiplexers. Regulations shift towards Energy Efficient Equipment, the requirement for high-speed transfer of data, storage systems, and development in the emerging economies are the factors which benefit the global photonics market.

However, huge initial investments, counterfeit technology, technological obsolescence, lack of proper international standards, slow rate of adoption, and lack of awareness among the consumers are the various factors which may hamper the growth of the overall photonics market.

North America accounted for the highest market share globally on account of growing demand for quick diagnostics along with demand for high-speed computing. Furthermore, factors including rising need for quick and fast diagnosis and high demand for negligible hostile surgery are also anticipated to fuel the demand for the global photonics market. The market is poised for growth owing to the increasing geriatric population levels.

Asia-Pacific is projected to witness the fastest rate of growth over the forecast period owing to factors such as growing industrial development of emerging nations of China, South Korea, India, and Malaysia. Factors which propel the growth of the photonics market in this region is increased initiatives taken by the government, huge capitalization and investments by the major industry participants and improving facilities for health care.

The fundamental companies of the photonics market produce LEDs, detectors, lenses, optical filters, fiber optics, photonic components, materials, lasers, image sensors, prisms, and gratings. The major industry participants making huge investments and venturing into the global photonics market include Hewlett-Packard Company, Finisar Corporation, Luxtera Inc., 3S Photonics, S.A.S., Innolume GmbH, Intel Corporation, Hamamatsu Photonics K.K., IBM Corp., and Infinera Corp. the key strategies of these companies include investing into the research & development activities and mergers & acquisitions.

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Electronic Health Record (EHR) Market Achieve Mildstone of USD 20.55 billion

What is an Electronic Health Record: An electronic health record is the systematized collection of patient and population electronically stored health information in a digital format. These records can be shared across different health care settings.

What is the future of Electronic Health Record:

The global Electronic Health Records (EHR) market size was valued at USD 20.55 billion in 2016 and is expected to reach USD 33.41 billion by 2025. EHR are the summary of the numerous electronic medical records which are produced throughout any clinical encounter. An Electronic health records supplies a wide variety of data such as, medication, laboratory test results, and medical history, demographics and diagnostic images. In the last few years, EHR implementation has been privileged in the hospitals in contrast to small-sized practices, primarily because hospitals have a big budget in comparison to miniature sized practice. However, over the forecast period, the industry for Electronic health record for systems utilized in miniature sized practices is expected to observe noteworthy growth rate.

Important advantages linked with electronic health records systems coupled with financial incentives offered by government of different countries are expected to become the chief factors driving the expansion of EHR (Electronic health records) market globally. Benefits from EHR system comprises updated patient information, accurate patient information, decreased healthcare services cost in extended term, rapid access to customer associated data, decreased medical errors, amplified patient involvement and enhanced competence of healthcare service offerings. These compensations encourage healthcare service providers to provide their services with technically superior (Electronic health records) EHR systems, which is expected to drive the industry growth over the forecast period. Over the anticipated period the financial enticement by governments in developing and developed countries is expected to continue to, propel the growth of Electronic health records market.

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On the basis of installation type the Electronic health records market can be segregated into three prominent sections that are software as services, client server based and web based. Growing technical advancement in the field of data access through smart phones, increasing demand for improved quality and efficiency in service delivery coupled with increasing disposable income of customer across the world are expected to drive the growth of electronic health record market, by installation type. Web based Electronic health records systems are being admired more and more between medical professionals owing to its reduced operational costs. The client server based Electronic health records systems includes up-front setting up fees, which is expected to be the major challenge among medium size practices and small practices. The software as a service section is expected to grow at a fast pace over the given period owing to fact that Software as a service (SaaS) is attaining better inclination between physicians as it is capable of offering small upfront costs and eliminating technical glitches.

Overall, by taking into consideration the installation type of electronic health record systems, the client server supported EHR aid in achieving more power on both the data as well as the software. Likewise, the expenditure also gets decreased notably in web-based electronic health record systems and the data gets stored up involuntarily by the vendor. The stored data can be administered from anywhere on the globe. Software as a service (SaaS) electronic health record systems are characteristically advantageous for older physicians or standalone centres who are into the industry for last few years in direction to evade the penalty charged by the government authorities.

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On the basis of geographical region this market can be segregated into Asia-Pacific, North America, Europe and Rest of the World. North America is expected to generate largest share in revenue over the forecast period owing to increasing investment done by government in this sector coupled with policies introduced by government to encourage the implementation of electronic health record system. After North America, Europe is expected to capture maximum market share over the forecast period owing to numerous ongoing Research & development activities done by the companies’ active in this area. Asia Pacific is expected to rise rapidly over the forecast period owing to increasing consumer awareness and spending among the population of these countries. On the basis of end-user this market can be segregated into hospitals and ambulatory uses. The ambulatory uses are further divided into standalone facility, retail pharmacy and clinical use. Hospital use section of this market is expected to capture largest part in revenue owing to growing demand of most favourable services coupled with growing competition in this sector. Ambulatory use is expected to see a significant rise owing to growing demand of mobile electronic health record systems.

The key players in the market are as follows Cerner Corporation, eClinicalWorks, Allscripts Healthcare Solutions, Epic Systems, GE Healthcare, Athenahealth, Inc, Medical Information Technology, McKesson Corporation, NextGen Healthcare, Greenway Health, CoxHealth 4medica, and CPSI. Recently, in March 2014, CoxHealth installed a complete web-based population patient engagement platform and health services platform designed by Phytel, Inc. to improve health result of patients coupled with simplicity in the shift from fee for service to outcome supported payment model which is presently established in the U.S.

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