Latest Market Trends

Graphene Nanoplatelets Market Will Accomplish Outstanding USD 206.0 billion Figure By 2025

What is a Graphene Nano platelets?

Graphene Nanoplatelets are also termed as GNPs that comprise small stacks of graphene which can replace nano-clays, carbon fiber, carbon nanotubes, and others mainly in composite applications. The average thickness of platelets is 5 to 10 nanometers that can vary in size up to 50 microns. Due to their unique morphology and size, enhanced mechanical properties and advanced barrier properties can be achieved. The Graphene Nanoplatelets Market is estimated to grow at a significant CAGR of 37.6% over the future period as the scope and its applications are rising enormously across the globe.

What is the future of Graphene Nano Platelets?

Global Graphene Nanoplatelets Market is expected to reach USD 206.0 million by 2025. Rising demand from energy & power and aerospace verticals, high demand from consumers for eco-friendly, effective, strong, and lightweight products, and rising use as a filler in polymer matrices are documented as major factors of Graphene Nanoplatelets industry that are estimated to enhance the growth in the years to come.In addition, it increases thermal & electrical conductivity and stability and reduces component mass while improving or maintaining properties are another factor that may boost overall market growth in coming years. Graphene Nanoplatelets Market is segmented based on applications and region.

The market may be categorized based on applications like conductive inks & coatings, composites, energy & power, and others could be explored in Graphene Nanoplatelets in the coming years. composites segment accounted for the largest market share of Graphene Nanoplatelets in terms of revenue and is estimated to lead the overall market in the coming years. this may be because of its outstanding electrical, mechanical, and thermal properties and is exclusively used for fabrication of composites. Also, energy & power segment is estimated to grow at fastest pace in the coming years.

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Globally, North America accounted for the largest market share of Graphene Nanoplatelets and is estimated to lead the overall market in the coming years. The reason behind the overall market growth could be presence of key manufacturers like aircraft industries and high demand from industries like aerospace and automotive. The United States is a major consumer of Graphene Nanoplatelets in the region. Instead, Europe and the Asia Pacific are also estimated to have a positive influence on the future growth.

Europe is the third largest region with significant market share. This may be because of raised environmental sustainability by developing hybrid and electric vehicles. However, Asia Pacific is estimated to grow at fastest pace with the highest CAGR in the foremost period. The aspects that may be ascribed to the growth comprise high demand for enhanced materials in the sectors like consumer electronics, automotive, energy storage, and aerospace. The developing countries like China, Japan, and India are the measure consumers of Graphene Nanoplatelets in the region.

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The key players of Graphene Nanoplatelets Market are Group NanoXplore Inc., CVD Equipment Corporation, ACS Materials LLC, Angstron Materials Inc., and XG Sciences, Inc.These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.

Market Segment:

Graphene Nanoplatelets Application Outlook (Volume, Kilograms; Revenue, USD Thousand; 2014 – 2025)
• Composites
  • Energy & Power
  • Conductive Inks & Coatings
  • Others

Graphene Nanoplatelets Regional Outlook (Volume, Kilograms; Revenue, USD Thousand; 2014 – 2025)
  • North America
• U.S.
  • Europe
  • UK
  • Spain
  • Asia Pacific
  • China
  • India
  • Rest of the World

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Paints And Coatings Market Hit Almost USD 227.70 Billion Figure By 2025

The paints and coatings serve three major objectives; enabling aesthetic appeal or decorative value to surfaces and products, enabling protection from damage from harsh environment, and tagging specific attributes to the product.

Why Paints And Coating: Paints and coatings enable better products that are durable, much attractive, reliable, and highly saleable. Paints and coatings are looked upon as the materials that add value to the finished products. The paints and coatings serve three major objectives; enabling aesthetic appeal or decorative value to surfaces and products, enabling protection from damage from harsh environment, and tagging specific attributes to the product. Besides, paints and coatings constitute a specific material and design with significant texture variables.

Future of Paint Industry:

The global Paints and Coatings market is expected to cross USD 227.70 billion by 2025. Paints and coatings industry is driven by factors such as rise in use of paint and coating in automotive, construction, and marine industries. In addition, rise in innovation in manufacturing processes and derivation of formulation technologies propel the market growth. The market witnesses remarkable trends such as inception of nanotechnology in the paints and coating industry. However, increase in use of substitutes, wallpapers, and significant costs associated with paint related activities is likely to hamper the market growth in the near future.

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Product segment for paint and coating market includes waterborne formulations, water-based coats and water based polyurethane. End-use segmentation for paints & coatings industry comprises general industries, automotive, wood, aerospace, and marine.

Geographical segmentation for paints and coatings market includes North America, South America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific’s paint and coating industry is anticipated to rise at a staggering CAGR in the forecast period due to increase in demand for paint and coating products coupled with vast presence of paint manufacturers in these regions. In addition, rise in commercial construction and related activities is likely to trigger the APAC market growth.

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What are top companies in paint and coating:

North American and European markets are expected to gain a significant CAGR in the forecast period due to stringent environmental norms and precaution against hazardous chemicals. Middle East and African regions are likely to gain a positive traction in the forecast period due to rise in imex business. Besides, flexible pricing coupled with ease of availability is also expected to stimulate the market growth in the near future. The key players in the paint & coating market include PPG Industries, AkzoNobel, Sherwin-Williams Company, Axalta Coating System, Valspar Corporation, Nippon Paint Holdings, Jotun Group and RPM International Inc.

Market Segment:

Paints & Coatings Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)
• High solids/radiation curing
  • Powder coatings
  • Waterborne coatings
  • Solvent-borne coatings
  • Others

Paints & Coatings Material Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)
  • Acrylic
  • Alkyd
  • Polyurethane
  • Epoxy
  • Polyesters
  • Others

Paints & Coatings Application Type Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)
  • Architectural & Decorative
  • Non-architectural
      • Automotive
      • Wood
      • General Industrial
      • Marine
      • Protective
      • Others

Continued……………

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Cloud Based Storage Market Witness Huge Growth Owing To Rising Adoption of Online Depositories

Memory warehouse maintenance tasks, such as purchasing additional memory capacity, are offloaded to service providers they provide users with instant access to a broad range of resources and applications held in the infrastructure of organizations through web service interface which makes them a desirable choice.

What is a cloud based storage:

It is a prototype of data storage in which digital information is warehoused in rational pools. People and establishments purchase or lease memory warehouses in terms of volume from the providers to store application, user or organization data.

What is the future of cloud based storage:

The global cloud based storage market is anticipated to witness growth owing to rising adoption of online depositories by prominent companies to manage and store data efficiently at reduced costs.

Rapid adoption of online depository gateways and rising need to store unstructured information at minimum cost along with advanced solutions are the major market drivers of the industry. It serves various verticals such as manufacturing, logistics & transportation, telecommunication & IT, retail & consumer goods, media & entertainment, Banking Financial services and Insurance (BFSI), government, healthcare & life science, energy & utilities, and research & education which serve as an indicator of the promising growth prospects for the industry over the next seven years.

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Benefits of Cloud Based Storage:

It reduces the risk of unauthorized physical access to information which has lately increased its usage among SMBs, large enterprises and government bodies. The market can be segmented on the basis of solutions, applications and deployment models. Solutions are further segregated into primary, online gateway solution, backup solution and data movement and access storage solution. Cloud-based storage has applications in several domains including SharePoint, exchange, and manufacturing.

The private online warehouse facility provides a dedicated space to organizations, affirming security and control. Under the public online depository model, clients share the identical arrangement with restricted configuration, protection, safety, and availability variations. Online memory warehouse providers deliver economies of scale by using the same depository capacity to meet the needs of many organizations, passing the cost savings to their customer base, hence making it a revolution in making.

Hybrid online depository has gained prominence in recent years due to their features such as cost effective as well as security, which help enterprises to use it as per their need. SMEs benefit to a huge extent as it significantly diminishes information depository costs, increases efficiency, and safeguards easy access to information from anywhere and at any time.

Online depository of memory can be used for replicating virtual machine pictures from online depository to on-premises locations. In addition; it can be used to move virtual machine images between data centers or between user accounts. As a result of this, with rising digitization, it is expected to grow at a considerable rate over the forecast period.

The major challenge is the disclosure of personal information by certain erroneous means, faulty equipment, a bug, criminal intent or when information warehouse/network is shared with many other users/customers. It poses a threat to the privacy of an individual or a firm. However, creating proper service level agreements (SLAs) has helped in providing high end memory security.

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What are the top cloud service Comapanies:

The major market players are VMware, Box, Google, IBM, HP, Microsoft, Web Services, Fujitsu, RackSpace, and AT&T. The business online storage vendors include Amazon, JustCloud, OpenDrive, Egnyte, MozyPro, CrashPlan and Dropbox. Amazon offers workplaces a cloud based desktop that helps in network optimization with the help of Amazon Web Services.

Oracle has introduced three online storage services platform as a service, infrastructure as a service and software as a service. These services are expected to solve real business problems as well as accessible at any time, from anywhere with the help of a browser. Other new analytical services include Oracle SQL, Oracle big data cloud and Oracle Data Visualization Cloud Service.

The transmission of information from on premise boards to an online memory boards is expected to boost industry growth over the forecast period. New technological advancements such as virtual gateway applications designed for enterprises by major market players including Amazon and Microsoft and modern storage arrays along with gateway support features are expected to open new growth opportunities for the business.

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Cardiac Rhythm Management Market is Booming Owing To Bigger Healthiness Concern

Specifically designed implantable devices for either too slow a heart rhythm (pacemakers) or too fast a rhythm (cardioverter defibrillators) help patients benefit as their overall health status can be improved

What is a Cardiac Rhythm management?

The cardiac rhythm management market is expected to witness growth over the forecast period owing to bigger healthiness concern expenses supported by vigorous fiscal expansion will fuel the demand cardiac rhythm devices over the forecast period. Cardiac resynchronization therapy (CRT) devices and implantable cardioverter defibrillators (ICDs) are the some of the devices whose demand is expected to increase over the forecast period. At the same time as aging inhabitants, amplified risk factor for heart failure, cardiac arrhythmias and wide-ranging economic expansion is expected to contribute a lot to the growth of cardiac rhythm market over the forecast period. Huge part of the amplified utilization will be motivated by improved health care treatment Cardiac trial are increasing hastily. Compensation isn’t growing across the country, but patients are more able to pay out of pocket now than they were a decade ago.

This arrangement of private and public capability to spend on healthcare has led to a huge market and a strong expansion rate, particularly for more sophisticated devices like cardiac resynchronization therapy defibrillators and dual-chamber ICDs and. Heart failure, tachycardia and Bradycardia are the three major reasons for using implantable cardioverter-defibrillators (ICDs), pacemakers and cardiac resynchronization therapy (CRT) devices. With no untouched population section, increase in growth is expected to come incrementally from newly eligible patients over the forecast period. Global market for cardiac rhythm management (CRM) devices will be determined by the launch of fine priced new equipments such as magnetic resonance imaging compatible devices, leadless pacemakers and improved implantable cardioverter defibrillators (S-ICDs). These novel technologies will make a small impact on the market over the forecast period owing to price erosion in long term.

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On the basis of product type this market can be segregated into cardiac defibrillators, cardiac pacemakers, cardiac resynchronization therapy (CRT) and others. Maximum part of cardiac rhythm management devices industry over the forecast period is expected to get covered by defibrillators and cardiac pacemakers. Medical testing results is expected to have noteworthy impact on the cardiac resynchronization therapy (CRT) equipment market over the forecast period, despite a narrower set of indications, CRT implementation will still be fast over the forecast period owing to fact that clinical evidence has been positive in the suitable indications

In markets for cardiac rhythm management devices — like pacemakers and implantable defibrillator devices — product working have severe, long term impacts on concerned brand images owing to fact that these devices have life-saving abilities, a defective device can potentially end a patient’s life. Current assessment from the US Department of Justice and the Centers for Medicare & Medicaid Services has questioned the medical indications for pacemaker implant. The assessment concluded that double chamber pacemaker implantations were been performed with no medical suggestion. Department of Justice audit examined the excess use of ICD implantations. Current worry has been the security profile of some ICD leads, providing the chance for equipments such as Cameron Health’s S-ICD, which eradicates the linking wires between the heart and the generator. These equipments were tried to be introduced in Europe and USA market.

On the basis of region market can be segregated into Asia Pacific, North America, Latin America, Europe And others. Markets of North America are expected to witness slow growth owing to mature and saturated market of cardiac rhythm management market. Asia Pacific is expected to witness fast growth in this market owing to increasing demand of these devices in the countries like China and India. The increase in demand in these areas is expected to increase owing huge spending by government over health care and increase in disposable income of the people living in these countries.

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The key competitors in this market are Medtronic, BIOTRONIK, St. Jude Medical, and Boston Scientific. Competitors will attempt to counterbalance price erosion through technological improvement.

These improvements are making generator lifetime longer and thus making devices much smaller, and secluded monitoring is increasing more common. Leadless pacemakers are chief advancement in the CRM market. These equipments are thought to considerably decrease the risk of disease and advance’s the security of pacemakers in general.

Nanostim is the barely single product with authorization in US and Europe launched by Medtronic. MRI-compatible implantable cardioverter defibrillator is another device made by Biotronik, is one off their best innovation, Boston Scientific has launched their first S-ICD which promises to decrease the problems associated with lead owing to fact that they don’t require electrodes to be placed in heart. But their sales in US have been inundated by inadequate supply.

Gift Packaging Market: New Innovations, Trends, And Top Companies

New innovations in food packing and non-food items with artificial jewelries, soft toys and artworks caught the attention

How Gift Packaging is changing:

New innovations in food packing and non-food items with artificial jewelries, soft toys and artworks caught the attention. A multitude of product categories including cookies, fruit baskets and wine hampers and different types of cheese gifted on occasions of birthdays and festivals have come under trending gifts with customers lifestyle and deep pockets under consideration for driving change in the gift packaging market.

Over the last decade, gift packing underwent a sea-change with rolling out of corporate and personal gifts.

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Wrapping paper including lunch bags, decorative gift bags and decorative shopping bags have come under lens for gift wrapping and alternatively decorative handkerchiefs touted as the nearest handy accessory to hit the market and propel growth for gift packaging market. The potent drivers to the market include e-tailers who have bridged the gap between erstwhile manufacturers and customers to satisfy demand thus enhancing gift packaging market.

Food gifting has transformed from conventional standards to contemporary sweets with attractive packaging and boosting gift packaging market. Furthermore, rise in disposable incomes has let one spend beyond his standards in acquiring gifts thus enhancing the gift packaging market. Personal gifting on holidays has given rise to ostentatious show of wealth with gifting to one and all matching one’s standard and lifestyle. This augurs well for the gift packaging market.

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Segmentation by packaging type comprises primary packaging, secondary packaging and tertiary packaging. On the basis of product type, segmentation goes as gift boxes containers, ribbons and bows, gift sacks, gift bags, wrapping paper, tissue paper and shreds, cell phone overwrap and bags, gift card and money holders and others.

By materials, global gift packaging market includes plastics, paper and paperboard, metals, glass and others. By geography, gift packaging market is segmented into North America, Europe, Asia Pacific, MEA and Latin America. Corrugated packaging has risen by leaps and bounds in UK and by far is the most widespread mode of packaging in the industry.

What are the best Gift Packaging companies in the market:

Asia Pacific leads market with rise in GDP and increasing disposable incomes with an increased consumer base and India and China portray countries with gregarious markets and having exposure to maximum spending. As per news article dated August 2016, gift packaging market in US is leading with gifting of candies and chocolates with elaborate packaging and gifts being doled out to far-flung relatives and online retailers have faster transactions with free delivery and shipment. Key industry players include Smurfit kappa group, Packlyn Ltd, Shenzen Fuxiang gifts & packaging gifts, Interpak, Ebro Color GmbH.

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Asthma Market Booming with Innovation in drugs, Developing Healthcare Infrastructure

What is an Asthma:

Asthma is a lung disease; i.e. a chronic condition that causes inflammation and narrowing of the bronchial tube (the passageways that permit air to pass in and leave the lungs). Some of the symptoms of asthma include shortness of breath, coughing, wheezing and chest tightness.

The factors that propel the Asthma Market size include innovation in drugs, rising occurrences of asthma cases, mounting geriatric population, rising number of smokers, growth in the disposable income, developing healthcare infrastructure and facilities, and intensifying pollution level.

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On the other hand, there are also factors that hinder the global Asthma Market size such as the patent expiry of drugs, high expenditure on treatment, and growth in use of generic drugs. The global Asthma Market size spans type, device type, drug type, route of administration, and geography. On the basis of type, the global Asthma Market size constitutes allergic asthma and non-allergic asthma. The allergic asthma is basically caused due to exposure to allergens like pollens from weeds, trees, etc., dust, and so on. On the other hand, the non-allergic asthma is basically caused due to exercise, stress, cold, flu, etc.

On the basis of device type, the global Asthma Market size constitutes inhalers and nebulizers. The “inhalers” segment is further sub-categorized as dry powder, soft mist inhalers (SMIs), metered dose inhalers (MDIs). Nebulizers are devices that carry the drug in a fluid form that is dispensed by the compressed air. The “nebulizers” segment is further sub-categorized as mesh nebulizers, compressor nebulizers, and ultrasonic nebulizers. In 2015, the metered dose inhalers (MDIs) accounted for the largest share of the global Asthma Market owing to the ease of availability, consistency, portability, flexibility, and cost-effectiveness.

The features like portability, noteworthy benefits in the home healthcare applications, and ideal design that enables dispense medication directly to the respiratory track are estimated to offer prospective growth opportunities for its high utility. On the basis of drug type, the global Asthma Market size spans anti-inflammatory, immunosuppressant, bronchodilators, mast cell stabilizers, leukotriene antagonists, and combination of ICS/LABA. In this segmentation, the combination drug type consisting of inhaled corticosteroids with long-acting beta agonists dominated the global Asthma Market in 2015. The factors that attribute to the large share of combination drug type are rise in application rates due to twofold action of combination therapy and its high efficacy rate.

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On the basis of route of administration, the global Asthma Market size spans inhaled, oral, intravenous, and subcutaneous. The inhaled route of administration accounted for the largest market share of the Asthma Market in 2015. On the basis of geography, the global Asthma Market size constitutes North America, Europe, Asia Pacific, and Rest of the World. North America holds the largest share of the global Asthma Market due to rising number of asthma patients, increase in geriatric population, drug innovation, high-tech advancement, and developed healthcare infrastructure. The North American market is tracked by Europe. During the forecast period, the Asia Pacific’s market is projected to witness a high growth rate owing to factors such as rise in population, increasing number of asthma patients, emerging healthcare infrastructure and facilities, environmental pollution, growing disposable income, and enlarging number of smokers.

What are the top companies?

Some of the prominent players that fuel the growth of the Asthma Market include AstraZeneca Plc, Philips Healthcare, 3M Health Care, Allied Healthcare Products Inc., Sunovion Pharmaceuticals Inc., GlaxoSmithKline Plc, Novartis AG, Merck & Co., Inc., GF Healthcare Products, Smith Medicals, Lincare Holdings Inc., and Baxter International.

Batch Management Software Market Will Grow At A 7% By 2025

Batch management software market is expected to grow at a CAGR of over 7%. Rising demand for enhanced production and importance to quality is expected to drive the market growth over the period.

What is a Batch Management Software:

A batch file is a high-level executable written to run at the DOS (disk operating system) level. In turn, batch management software manages these files and when they are run. Batch applications are often run in business off hours or low-traffic hours. They typically update system information, generate system reports, or complete other non-interactive tasks at a system level. Batch management solutions help keep OS-level information up to date and help maintain OS-level functionality.

Future of Batch Management Software:

Batch management software market is expected to grow at a CAGR of over 7%. Rising demand for enhanced production and importance to quality is expected to drive the market growth over the period. Food and beverages, chemicals, Pharmaceutical and biotech industries are the major users of batch management systems. However this software is also significant in mining and metals, cement and glass, pulp and paper.

To maintain customer satisfaction and loyalty in order to reduce the risk of product recall is anticipated to drive the batch management software market. The growing importance of social media through which consumers can easily share their opinions and criticism regarding the quality of the product. This may affect the reputation of the company and can be an important differentiation in a very competitive market.

Increase importance of time to market is also expected to stimulate the demand for batch management software. In a time based competition, length of time taken from generation of an idea to the finished product is critical for a reduced production cycle time. By reducing the total time needed for a product to reach the market the consumers will be able to purchase it, thus making the company more profitable in a short span of time. Batch management software helps in reducing the time to market and reduce the speed to market for development of new products which is very efficient in pharmaceutical and biotech industries particularly.

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Maintaining the system would be a major restraint for the batch management software. One on staff expert or two can maintain a simple batch application, however it becomes difficult to manage the software or the codes with a single expert as the complexity increases .Non availability of skilled workforce can restraint the company to proceed with the processes. Batch manufacturers need to shift to more advanced batch applications to be more efficient and cost effective. They need to be more responsive to the consumer needs and produce products more economically.

Evolution of business system integration will help the batch management software products and their market size. Closer integration with business systems, implementing analytical technologies and use of different working models and workflow engines anticipate major changes that will shape batch management products.

Governments in developed economies are replacing custom batch solutions with other basic software. The manufacturers are enhancing the use of their systems while associating production by attempting to maintain product flexibility. There is a continuous growth in consumer goods and durables which leads to high demand for quality and variety increasing the implementation of Batch management software. Many of the manufacturing facilities have little to no automation infrastructure and are primarily operated manually. These factors enhance the deployment of BMS systems globally.

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Batch management software can be segmented on the basis of their functionalities which includes recipe management and execution, production scheduling, historian and reporting, quality management, resource and inventory management. Wonderware Inbatch is a control system independent batch management system introduced to deploy BMS to run new product recipes, reducing the time to market and recipe validation efforts in regulated industries.

What are the top Batch Management Software:

The major players in the market are pharmaceutical, biotech and chemical industries followed by food and beverage, pulp & paper, mining & metals, cement & glass. Geographically Batch management software market can be segmented as North America, Europe, and Asia pacific. The U.S. alone holds around 40% of the global pharmaceutical market, six out of the total eleven countries are based in the country. Increased requirements for standard solutions across many facilities globally, many suppliers are responding with improved technology, developed and user friendly tools which would provide greater visibility to the manufacturing operations.

Flame Retardant Market Booming AS A key Component Reducing the impact of fires on people, property, and environment

What is a Flame Retardant:

“Flame retardants refer to a variety of substances that are added to combustible materials to prevent fires from starting or to slow the spread of fire and provide additional escape time. The term “flame retardant” refers to a function, not a family of chemicals.“

The global Flame retardant market size was valued over USD 6.27 billion in 2015. Flame retardant is a key component reducing the impact of fires on people, property, and environment. Flame retardants either prevent the fire from starting or slow it down significantly. The growth in industries such as construction, transportation, and electrical & electronics is expected to propel market demand over the forecast period.

Governments around the world have framed stringent regulations aimed at reducing destruction caused to life and property due to fire. Government regulation pressure and growing awareness regarding fire safety among industry participants are expected to boost market demand.

Product Insights

The major product segments in the market are halogenated flame retardants and nonhalogenated flame retardants. Nonhalogenated product type was the major product segment in 2015 with demand exceeding 1,400 kilo tons. The consumption of these products is expected to grow rapidly owing to growing concerns about pollution caused by halogenated type.

Brominated products dominated the halogenated segment and accounted for more than 40% market share in 2015. In nonhalogenated type, Aluminum hydroxide was the largest product segment and its growing application in end-use industries is expected to augment demand for these products.

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Application Insights

Polyolefin was the largest application segment in 2015 and accounted for more than 20% of the overall market. The high flame retardant loading capacity exhibited by polyolefins is responsible for their growing demand in end-use industries such as construction and electrical. The growing demand for high-quality coatings is expected to boost the application of epoxy resins. Epoxy resins consumption was estimated to be around 600 kilotons in 2015.

End-Use Insights

Flame retardants are used to reduce this risk of fire in a wide range of electronic products such as smartphones, laptops, refrigerators, TV sets, printed wiring boards, and vacuum cleaners. Rising disposable income is boosting the growth of electrical & electronics segment owing to which the demand for flame retardants is expected to be high in this application segment.

Construction end use segment is anticipated to grow at a CAGR of 6.8% over the forecast period on account of growing investments in developing countries. Fire safety and prevention is the primary concern of the consumers in construction, the demand is expected to grow rapidly over the forecast period.

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Regional Insights

Asia Pacific was the major regional segment and accounted for over 45% of total volume in 2015. High demand from countries such as China, Japan, and India are benefitting the market growth. The upcoming electrical & electronics manufacturing hubs coupled with a positive outlook for construction sector is expected to drive the flame retardant market over the forecast period.

The growing pressure of regulatory agencies such as REACH and European Flame Retardant Association (EFRA) is driving the demand for these products in Europe. Europe consumed over 600 kilotons in 2015. The presence of a large number of end-use industries is expected to boost market growth in this region.

Competitive Insights

Key industry players include BASF, Albemarle, Chemtura, ICL, Clariant International Ltd., Italmatch Chemicals, Huber Engineered Materials, DSM & Thor Group Ltd. Major industry participants have focused their efforts on the acquisition of local companies to increase their global footprint. Companies are investing heavily in product innovation to gain market share.

Market Segment:

Product Outlook (Volume, Kilo Tons, Revenue; USD Million, 2014 – 2025)
• Halogenated Flame Retardants
      • Brominated FR
      • Chlorinated Phosphates
      • Antimony Trioxide
      • Others
  • Non Halogenated Flame Retardants
      • Aluminum Hydroxide
      • Magnesium Dihydroxide
      • Phosphorous Based
      • Others

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Digital Therapeutics Market will grow a fast rate owing to increasing adoption among patients and other end users.

A significant change in the usage of digital technology has created cognizance among users and has allowed increasing adoption of these services.

What is a Digital therapeutics:

Digital therapeutics (DTx) are a digital health category defined by the Digital Therapeutics Alliance as products that “deliver evidence-based therapeutic interventions to patients that are driven by high quality software programs to prevent, manage, or treat a medical disorder or disease.

Future of Digital therapeutics:

Advances in and the increasingly dominant role of mobile technology and artificial intelligence (AI) in our everyday lives have broadened the role of DTx in healthcare. Although, historically, interest in developing DTx was mainly confined to academia and technology companies, the potential to use DTx in conjunction with medicines to improve health outcomes has sparked the interest of big pharma, who have started to venture into the DTx space through investments and strategic partnerships with tech companies.

A significant change in the usage of digital technology has created cognizance among users and has allowed increasing adoption of these services. Moreover, there has been increased burden of the chronic diseases that requires effective treatment and management. There are a lot of services provided by digital therapeutics that aid in embracing healthy habits and allow efficient tracking and management of conditions. Digital therapeutics is thus estimated to grow at a fast rate owing to increasing adoption among patients and other end users.

The global Digital Therapeutics market size was estimated at USD 1.7 billion in 2016. Digital therapeutics is a subset of digital health and is used to track health conditions and self-management of a medical condition. There has been a significant rise in internet usage among people which has been one of the significant drivers for the digital therapeutic market. Moreover, the treatment associated with the digital therapeutics is popular which is further adding to the growth of the digital therapeutic market. Chronic diseases are major problems and act as threats to the economy leading to high healthcare expenditure. For instance, according to the CDC, about 50 % of the adult population were suffering from the chronic diseases in 2012. As chronic diseases like diabetes, obesity and other respiratory problems are well managed with the help of the digital therapeutics they are being used on an increasing level.

The market growth is affected by the lack of the effective monetization techniques which are faced by the application developers. There has been a shortage of the financial earnings which are partially fulfilled by the advertisements, paid content, and other prominent revenue generation strategies.

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Appliactions of Digital therapeutics:

Hospitals accounted for the largest market share owing to increased usage of digital therapeutics services for patients admitted in these settings. The utilization of these services allows affordable and vital healthcare to patients.

Based on the application, the market is classified into diabetes, obesity, cardiovascular diseases, central nervous system disease, respiratory diseases, smoking cessation, and others. Diabetes accounts for the largest market share of the application segment followed by other applications. Diabetes causes heavy burden on patients as well economies on the health front as well as the economic front. For instance, 8.3 % of the U.S. population suffer from diabetes while 35% of them exhibit prediabetes symptoms. Also diabetes is expected to show the fastest growth in the application segment due to the high prevalence and incidence of the disease. Digital management is helpful in the management of the symptoms of diabetes such as polyuria, polydipsia, and polyphagia. A large number of medical practitioners are using mHealth and have estimated that diabetes would reach its highest market limit in the next 5 years.

Based on end use, the digital therapeutics market is divided into the patients, employers, providers, payers, and others. Patients are the major consumers of the therapeutic healthcare programs and applications offered by digital therapeutics. The usage of these services has been attributed due to increasing cognizance and added benefits offered by digital therapeutics.

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Application:

• Diabetes
  • Obesity
  • CVD
  • CNS Disease
  • Respiratory Diseases
  • Smoking Cessation
  • Others

The digital therapeutics market by region is characterized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is a market dominator in digital therapeutic market. Growing number of reforms to limit the surge in healthcare expenditure in the country coupled with drive to focus on a patient-centric healthcare approach is anticipated to be accountable for the same. Furthermore, North America is a major center of a great amount of digital therapy suppliers. The U.S. has been conveyed to spend about USD 3 trillion a year on healthcare. In order to limit this expenditure, there is a vigorous swing in the U.S. healthcare sector that emphasis focused towards palliative care, to endorse overall patient wellness as an alternative of medical treatment.

Asia Pacific is anticipated to record fastest growth rate, due to two main attributes, namely, a highly solid population base that adapts into an enormous target base and rapid development that involves fast changing technological scenario. Moreover, constant improvements in countries to check the deficiency of proper infrastructure and preserve sustainable growth through economic intervention is expected to help the market growth

Competitive Insights

Some of the key companies in the market comprises of Livongo Health; Twine health, Inc.; Omada Health, Inc.; 2Morrow, Inc.; Propeller Health; WellDoc, Inc.; Canary Health, Inc.; Proteus Digital Health, Inc.; and Mango Health, Inc. Digital therapeutics is in its preliminary stages of development and is expected to increase its presence in the digital market with increasing adoption of apps and services offered by developers. Dominant players in the market are focused on development of user friendly and simple interfaces that allows customers to use these services on a larger level at ease. However, growth probability is considered to be great in the market, which is contributed by growing adoption of therapeutic applications by leading healthcare providers to provide better treatment options to patients.

Driverless transportability can be achieved with the help of V2X communication technologies.

Market size of global Automotive Vehicle-to-Everything was USD 2.83 billion and it is expected to grow considering the feature like automobile safety and superior traffic management.

What is an Automotive Vehicle-to-Everything (V2X):

Vehicle-to-everything is communication between a vehicle and any entity that may affect, or may be affected by, the vehicle. It is a vehicular communication system that incorporates other more specific types of communication as V2I, V2N, V2V, V2P, V2D and V2G.

Technological advancement has lead to driverless and automatic cars which is still under research stage and its commercialization is expected soon. Driverless transportability can be achieved with the help of V2X communication technologies. V2X is all about communicating with automobiles which will have potential threat like hacking and manipulation. Security feature thus become a important factor for growth of this market. This technology is based on WLAN and it works between vehicles within each other’s range. Key aspect for implementing these technologies will be a definite framework for its integration.

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Automotive Vehicle-to-Everything (V2X) Growth:

Rise in disposable income of people of various economies can be one driver for growth of automotive industry. India and china has seen a significant increase in sale of automobile in recent years. Traffic congestion have arise due to increase in n umber of passenger vehicle that also have lead to issues such as fuel consumption, emission and air pollution. These restraints for diesel engine can act as drivers for automotive V2X market

Future of Automotive Vehicle-to-Everything (V2X)

Safety features like Adaptive cruise control, lane change assist and blind spot are covered in automotive V2X communication. Real time traffic and incident alert are other parameters for increasing public safety.

This feature will become mandatory in future looking at strictness in safety regulations. V2X is expected to dominate market in upcoming period. By combining V2I and V2N communication we can solve traffic problem and emission issues. Facilities such as e-parking and automated toll payment will also observe a convincing growth.

Connectivity Type Insights

At present Dedicated short range connectivity (DSRC) is used in cars. The cost benefit of DSRC over cellular connectivity will drive this market. Ease of implementation on other hand will create opportunities for automotive market. Benefits can be decrease in number of accidents by providing real-time information to drivers with the help of sensor and connectivity.

Cellular connectivity can be used for covering large area but it has some limitations. It will require more time for deployment for covering considerable range. The hardware required in V2X technology is expensive. The V2X technology considering above points still have strong growth potential in near future. Synchronized real time data will be important factor of this segment.

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Vehicle Type Insights

Passenger car in this segment is predicted to dominate market as it did in 2015. Despite this the demand for commercial vehicle is high than passenger car. Boom in construction sector have increased commercial vehicle sale by approx. 6% from 2015 to 2016. Asia pacific has emerged a hub for automotive production.

The need for safety in Commercial vehicle is high due to more travel time that will drive the automotive V2X market. The growth rate will be 30% in this segment over the forecasted period.

Regional Insights

It is estimated that North America will have largest market share in automotive V2X market. Canada and U.S. in this region will adopt technology with ease due to its infrastructure and technological advancement. This region has approx. 26% of population of world running on road. High rate of greenhouse emission and traffic congestion are serious issues in this region. The implementation of V2X system will act as solution to these problems acting as important driver for growth of this market.

The automotive industry in Europe is governed by rigorous safety and emission norms. Features such as cruise control, blind spot detection and lane assist uses V2V communication and will enable growth of automotive V2X market in future.

Competitive Insights

At present the companies that have made great technological advancement dominate the market. Strong global presence and diversified product portfolio are two factor to hold their market share in automotive V2X industry. Delphi Automotive PLC (U.k), Continental AG of Germany, Qualcomm Inc of U.S, Cisco Systems are some major players in market among others. Different vendors offer different products and services. Mergers and acquisition will help them to cover large market share. In 2016, SAIC motors have signed an agreement with Savari Inc to manufacture and distribute V2X solution in China and ASEAN countries.

Market Segment:

Automotive V2X Communication Type Outlook (Revenue, USD Million; 2014 – 2025)
• Vehicle-To-Vehicle (V2V)
  • Vehicle-To-Infrastructure (V2I)
  • Vehicle-To-Pedestrian (V2P)
  • Vehicle-To-Home (V2H)
  • Vehicle-To-Grid (V2G)
  • Vehicle-To-Network (V2N)

Automotive V2X Connectivity Type outlook (Revenue, USD Million; 2014 – 2025)
• DSRC
• Cellular Connectivity & Others

Automotive V2X Vehicle Type outlook (Revenue, USD Million; 2014 – 2025)
• Passenger Cars
• Commercial vehicles