Latest Market Trends

Triethylene Glycol (TEG) Market Bag A Mark of USD 718.3 Million Globally With Key Players

Ethylene glycol is commercially prepared by oxidation of ethylene at high temperature in the presence of catalyst silver oxide, followed by hydration of ethylene oxide to produce mono, di and tri-ethylene glycol as sub-products.

Global Triethylene Glycol (TEG) Market is anticipated to reach USD 718.3 million by 2022. Tri-ethylene glycol is an odorless, colorless, hygroscopic liquid and non-volatile in nature. Ethylene glycol is commercially prepared by oxidation of ethylene at high temperature in the presence of catalyst silver oxide, followed by hydration of ethylene oxide to produce mono, di and tri-ethylene glycol as sub-products. Tri-ethylene glycol is used as vinyl plasticizer, as in-between in the manufacture of polyester polyols and resins, and as a solvent in several various applications.

The factors that propel the growth of the TEG industry include rising demand for solvents and increasing oil & gas investigation activities across the world. On the other hand, there are factors that may hamper the growth of the market including higher derivatives of glycols, and high cost of production. Triethylene Glycol Market is anticipated to grow at a significant CAGR of 3.5% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

Triethylene Glycol (TEG) industry may be explored by product type, application, and geography. The market may be explored by product type as industrial Grade, and Other. The key application that could be explored in the TEG Market include Solvents, Polyester Resins, Natural gas dehydration, Plasticizers, Humectants, Polyurethanes, and Others. The “Natural Gas Dehydration” segment led the Triethylene Glycol industry in 2015 and is anticipated to maintain its dominance by 2022.

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Asia-Pacific accounted for the major share of the Triethylene Glycol (TEG) Market Size in 2014 and will continue to lead in the forecast period. The factors that could be attributed to the growth includes rising use of gas as a fuel source in India, China, Japan, and South Korea. Improved demand for TEG in the region.

Some of the key players that fuel the growth of the Triethylene Glycol industry comprise ExxonMobil, LyondellBasell, Honeywell International Inc. E.I. duPont de Nemours & Company, 3M, Ineos, Honam Petrochemical Corporation, Shell, SABIC, Clariant, and Reliance Industries Ltd. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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Market Segment:

Global TEG Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2022)
• Natural gas dehydration
  • Solvents
  • Plasticizers
  • Polyurethanes
  • Humectants
  • Polyester Resins
  • Others

Global TEG Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2022)
  • North America
      • U.S.
• Europe
• Germany
• Asia Pacific
      • China
      • India
  • Latin America
  • Middle East and Africa
      • Saudi Arabia

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Rubber Tired Gantry (RTG) Crane Market Achieve Mildstone of US$ 1.64 Billion

It estimated to develop at a substantial CAGR for the duration of the prediction. The progressions in machineries, for example Active Load System [ALS], are likely to power the development of the market above the prediction period.

The global Rubber Tired Gantry (RTG) Crane Market is estimated to touch US$ 1.64 billion by the completion of the prediction period. The market was appreciated by US$ 1.08 billion in the year 2016. It estimated to develop at a substantial CAGR for the duration of the prediction. The progressions in machineries, for example Active Load System [ALS], are likely to power the development of the market above the prediction period. Rubber Tired Gantry [RTGs] prepared by means of Active Load System [ALS] expertise assist in growing the steadiness of the container for the period of transport.

The growing trade by the way of sea owing to speedy industrial development has headed to the progress of port substructure throughout the world. The development in the sea route trade could be credited to the growing populace, particularly in emerging areas. Furthermore, supple tax policy through a number of areas for the importation of merchandises has headed to an upsurge in arriving vessel movement. This encourages the application of robust container handling equipment such as RTGs.

Financially developing nations comprising China, Columbia, Mexico, and India among others, are estimated to deliver sufficient occasions for the development of the market. The growing tendency of transshipments has headed to the growth of port substructure in these areas owing to growth in container circulation. The Rubber Tired Gantry Crane market on the source of Type of Power Supply could span Electric, Diesel, Hybrid. The diesel power-driven Rubber Tired Gantry (RTG) Crane ruled the international market. It was priced at US$ 724.3 million in the year 2016. The subdivision of electric power driven RTG expected to be the rapidly developing sector. Expected to record the CAGR of 9.9% above the prediction period.

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The electric power driven RTGs decrease the necessity for the maintenance of engine parts. They are capable to save engine oil equal to 600 liters per year. They take a lesser maintenance price and abridged down time. The areas like as Europe, wherever the administration has forced firm rules concerning air contamination and discharge mechanism, have observed an improved implementation of electric power driven Rubber Tired Gantry (RTG) Crane. They assists in dropping company expenditures by eradicating the practice of engine and hydraulic oil.

The RTG Crane market on the source of Type could span 16-Wheeler, 8-Wheeler.The subdivision of 16-wheeler RTG is estimated to appear as the speedily developing sector and is supposed to develop at a CAGR of 6.1% during the prediction period. Furthermore, the big number of wheels tips to suitable maneuverability and improved protection of the driver.

The Rubber Tired Gantry (RTG) Crane market on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage in these areas, for the duration of the prediction could span North America [U.S.A, Canada], Europe [Germany and Turkey], Asia Pacific [India, Japan, China],Latin America [Mexico, Columbia].

By the source of geography, Middle East Asia [MEA] is estimated to be the speedily developing area, recording a CAGR of more than 5.3% above the prediction period. Asia Pacific ruled the market and prized by more than US$ 486.8 million in the year of 2016.

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The harbors in Europe have accepted electrically powered Rubber Tired Gantry (RTGs) to decrease contamination and release of glass house gas. Government guidelines in this area, for example certification of carbon release in oceanic transport, have permitted the implementation of container handling apparatus, powered by electricity. Additionally, the harbor establishments has permitted making planned investments in the substructure of the harbor owing to the fiscal clarity.

The statement revises Trades in terms of intake of Rubber Tired Gantry (RTG) Crane in the market; particularly in North America, Europe, Asia Pacific, Latin America and Middle East & Africa. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the field on international basis are Reva Industries Ltd., MI-Jack Products, ElectroMech Material Handling Systems (India) Pvt. Ltd, TNT Crane & Rigging, Konecranes, Shanghai Zhen Hua Heavy Industries Co., Ltd, Kalmar, Liebherr, SANY GROUP and Anupam Industries Limited.

Market Segment:

RTG Crane Type Outlook (Revenue, USD Million; 2014 – 2025)
• 8-wheeler
• 16-wheeler

RTG Crane Power Supply Outlook (Revenue, USD Million; 2014 – 2025)
  • Diesel
  • Electric
  • Hybrid

RTG Crane Regional Outlook (Revenue, USD Million; 2014 – 2025)
  • North America
      • U.S.
      • Canada
  • Europe
      • Germany
      • Turkey
  • Asia Pacific
      • China
      • India
      • Japan
  • Latin America
      • Columbia
      • Mexico
  • MEA

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Polyimide Film Market Is Burgeoning Worldwide By 2025

Global Polyimide Film Market is estimated to reach USD 3.12 billion by 2025 owing to the revolutionary advancements in automobile and aerospace industry concerning to high-end quality products.

Global Polyimide Film Market is estimated to reach USD 3.12 billion by 2025 owing to the revolutionary advancements in automobile and aerospace industry concerning to high-end quality products. Polyimide (PI) films contain polyimide and polymer of imide monomer finds their use in harsh environments to assure reliability and durability. They are highly known for their features like high chemical resistance, temperature resistance and high dielectric constant.

Due to these properties, PI films are used in manufacture of heat resistant electronic components like pressure sensitive tapes, flexible printed circuits (FPC) and wires. Several polyimide film products are available that possess unique combination of properties that make it ideal for a variety of applications in multiple industries. Owing to these characteristics, polyimide films market is predicted grow at a CAGR of 8.6% in near future.

The use of polyimide films are impacted by the increase in demand for electronic products across the world. These films are used in manufacturing of flexible circuits that are deployed in several consumer electronic like laptops and smartphones. These films also witness a broader scope in the aerospace industry due to their lightweight feature that helps in fuel saving & improving engine performance. Owing to these properties, polyimide film industry is predicted to gain a greater traction.

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The growing consumer electronic products that are light in weight is projected to stimulate the market growth in the years to come. Wireless communication and flexible displays are anticipated to offer lucrative opportunities for the growth of polyimide films industry in the coming years. However, the market is expected to face obstacles due to high costs of manufacturing of polyimide films since they are produced through film casting techniques that require high temperature.

Polyimide film market growth will also be restrained from the poor hydrolysis resistance of polyimide films in near future since polyimide films are comparatively low efficient in the humid weather. At present, the major market players are focusing on increasing research & development activities for improved manufacturing of polyimide films. Mergers, strategic collaborations, and acquisitions are key strategies followed by major companies in order to increase their regional presence

Polyimide film industry is categorized on the basis of application, end-user and geography. On the basis of application, the market is divided into Flexible Printed Circuit, Specialty Fabricated Product, Pressure Sensitive Tape, Motor/Generator, and Wire & Cable. On the basis of end-user, polyimide film market is classified into Electronics, Automotive, Aerospace, Labelling, Medical, and mining & Drilling. Geographically, the market is segmented as North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Asia pacific is projected to dominate the market in the coming years due to the high demand for consumer electronics.

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Some of the major players operating in the polyimide film industry are Arakawa Chemicals Industries Ltd., SKCKOLONPI, Inc., E.I. Du Pont De Nemours and Company, FLEXcon Company, Inc., Kaneka Corporation, Saint-Gobain S.A., Taimide Tech. Inc., Ltd., I.S.T. Corporation, UBE Industries Ltd., and Yunda Electronic Materials Co.

Market Segment:

Application Outlook (Volume, Tons; Revenue, USD Million, 2014 – 2025)
• Flexible printed circuit
  • Wire & cable
  • Pressure sensitive tape
  • Specialty fabricated product
  • Motor/Generator

End-use Outlook (Volume, Tons; Revenue, USD Million, 2014 – 2025)
  • Electronics
  • Aerospace
  • Automotive
  • Labeling
  • Others

Regional Outlook (Volume, Tons; Revenue, USD Million, 2014 – 2025)
  • North America
      • U.S.
  • Europe
      • Germany
      • UK
      • France
  • Asia Pacific
      • China
      • India
      • Japan
  • Central & South America
  • Middle East & Africa

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Integrated Pest Management (IPM) Market Achieve Mildstone of USD 151.0 Billion

Integrated pest management industry is driven by factors such as rise in adoption of modern pest management approach and the rising concern for hazardous effects on environment and regulatory affairs.

The global Integrated pest management (IPM) market is anticipated to cross USD 151.0 billion by 2025. Integrated pest management is an approach toward preventing any harm done by pests in the farm. Integrated pest management industry is driven by factors such as rise in adoption of modern pest management approach and the rising concern for hazardous effects on environment and regulatory affairs.

Extensive farming and agricultural practices with an objective to produce more than three to four crops a year is gaining a wide traction, which, in turn, triggers the use of pest management to protect the crops from unwanted weeds and insects. The integrated pest management market is expected to gain a strong foothold during the forecast period owing to the rise in use of pesticides in commercial and residential sector.

Integrated pest management (IPM) industry is segmented into weeds, pathogens, invertebrates, pathogens, and vertebrates. By control, the integrated pest management (IPM) market is segmented into cultural, physical, chemical, and biological. Biological segment is expected to account for a significant market share in the forecast period due to change in environment.

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Application segment for integrated pest management (IPM) industry includes agriculture, commercial and residential.“Agriculture” segment is expected to account for a higher CAGR in the forthcoming period due to rise in development of various pest control products for different crop type. Commercial sector is likely to gain a significant growth in the forthcoming period due to difference in usage and approach for different crops.

Geographical segmentation for integrated pest management market includes North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa. Asia-Pacific’s market is expected to gain a positive traction in the forthcoming period due to increase in agricultural activities. North American and European markets are expected to gain an upward traction in the forthcoming period due to stringent regulations by government. Middle East and African countries have registered a remarkable CAGR in the past years and expects to continue witnessing a higher growth curve due to extensive farming in African regions and prevalence of insects and pests.

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The key players in the integrated pest management industry include BASF SE, Advanced Integrated Pest Management (IPM) market include BASF SE, SGS SA, MB Integrated Pest Control, Ecolab Inc, IPM Technologies Pty Ltd., and Bayer Crop Science LP.

Market Segment:

Pest Type Outlook (Revenue, USD Million, 2014 – 2025)
• Weeds
  • Invertebrates
  • Pathogens
  • Vertebrates

Control Method Outlook (Revenue, USD Million, 2014 – 2025)
  • Biological Control
  • Chemical Control
  • Cultural Controls
  • Mechanical & Physical Controls
  • Other Control Method

Application Outlook (Revenue, USD Million, 2014 – 2025)
  • Agriculture
  • Commercial buildings
  • Industrial
  • Residential
  • Others

Regional Outlook (Revenue, USD Million, 2014 – 2025)
  • North America
      • U.S.
      • Canada
      • Mexico
  • Europe
      • UK
      • Netherland
      • Germany
  • Asia Pacific
      • China
      • India
  • Central & South America
      • Brazil
  • Middle East & Africa

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Head Up Display (HUD) Market Projected To Reach Height of USD 13.5 Billion By 2025

A Head Up Display (HUD) is a digital miniaturized or transparent display technology that does not need operators to change their focus from their normal viewpoints.

Global Head Up Display (HUD) Market is expected to reach USD 13.5 billion by 2025. A Head Up Display (HUD) is a digital miniaturized or transparent display technology that does not need operators to change their focus from their normal viewpoints. It shows data in a person’s line of sight. Though they were originally developed for military aviation, HUDs are now used in automobiles, commercial aircraft, and others. The Head Up Display Market is estimated to grow at a significant CAGR of 25.9% over the forecast period as the scope and its applications are rising enormously across the globe.

Growing awareness regarding vehicle and passenger safety, rising demand for technologically enhanced HUDs and connected vehicles, and suitability offered by grouping of satellite navigation technology and HUD system are documented as major factors of Insurance Analytics Market that are estimated to enhance the growth in the years to come. However, the technology is still at its initial stages and requires high investment on R&D activity and it is not popular among ordinary customers are the factors that may restrain overall market growth in the coming years.

Head Up Display (HUD) Market is segmented based on type, component, application, and region.AR-Based HUD and Conventional HUD are the types that could explored in Head Up Display (HUD) in the forecast period. Software, Video Generators, Display Units, Projectors/Projection Units, and other components could be explored in Head Up Display (HUD) in the forecast period. The market may be categorized based on applications like automotive, aviation, and others that could be explored in the forecast period.

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Globally, North America accounted for the substantial market share of Head Up Display (HUD) in terms of revenue and is estimated to lead the overall market in the coming years. The reason behind the overall market growth could be growing awareness regarding safety systems in aircraft and automobile manufacturing business, high disposable income, and huge customer base. The United States is a major consumer of Head Up Display (HUD) in the region.

Instead, Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at fastest pace with the highest CAGR in the foremost period. The developing countries like India and China are the major consumers of Head Up Display (HUD) in this region.

The key players of Head Up Display Market are Panasonic, Nippon Seiki, Garmin, Continental, Thales, DENSO, MicroVision, BAE Systems, Pioneer Corporation, and Visteon. 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.

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Market Segment:

Head Up Display Application Outlook (Revenue, USD Million; 2014 – 2025)
• Automotive
      • Premium/Luxury Cars
      • Sports Cars
      • Basic & Mid-segment Cars
  • Aviation
  • Wearables
  • Other

Head Up Display Regional Outlook (Revenue, USD Million; 2014 – 2025)
  • North America
      • U.S.
      • Canada
      • Mexico
  • Europe
      • Germany
      • UK
  • Asia Pacific
      • China
      • Japan
      • India
  • South America
      • Brazil
  • The Middle East & Africa

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Food Container Market Is Burgeoning Worldwide By 2025

Food containers come in several size and shape. The plastic, as a raw material used for packaging of food items, differs in purpose.

The global Food Container Market is anticipated to rise at a staggering CAGR in the forthcoming period. Food containers come in several size and shape. The plastic, as a raw material used for packaging of food items, differs in purpose. For instance, PET plastics used for medicine jars, beverage bottles absorbs the odor and food flavors stored within them. As compared to PET, HDPE bottles finds its use especially for milk storage.

The underlying assumption role for food packaging involves protection of food products from outer influences and external damage to the food. Another major purpose in using a food container is to empower customer’s access to ingredient and nutritional information. Overall, the holistic goal of food packaging is to preserve the food in a cost-effective way without disturbing the nutrition level and fulfilling consumer desires.

The market witnessed heavy influences in the past due to rise in large supermarkets owing to increase in purchase of processed food. Rise in migration from rural to urban areas and increase in disposable income positively affected the market growth. Other factors such as maturation of market, convenience of packaging, flexible size and greater consumption of packaged food products contributed to the market growth.

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Food container industry, at present, is driven by significant increase in customer base across the globe, rise in number of women workforce and increasing demand for convenient food packaging across the globe. Change in lifestyle and rising innovation to produce convenience food products in emerging economies pumps the market growth.

Rising importance of flexible packaging in the nutrition industry revealing excellent properties such as flavor retention, heat insulation and moisture resistance is anticipated to drive the market growth in the forecast period. Product segmentation for food container market includes paperboard, rigid packaging, flexible packaging, metal and glass. Flexible packaging accounts for higher growth in the forecast period due to preferred mode of packaging and consumer demand.

Application segment for food container industry includes grain mill products, bakery, fruits & vegetables and meat processed products. Meat processed products are likely to gain a significant growth in the global market due to increase in demand for meat and meat products.

Geographical segmentation for food container market includes North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. North America food container industry holds a significant market share in the forecast period due to rise in demand for convenient food owing to presence of a vast workforce.

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Asia-Pacific’s market is anticipated to rise at a higher market position due to presence of a food chain and eateries engaged in food packaging. Middle East and African markets witness a positive traction owing to the rise in consumer base and increased tourism in these regions. The key players in the food container market include Ball Corporation, Silgan, Berry Plastics, Caraustar Industries, Klockner Pentaplast Group, Bemis and Graham Packaging.

Market Segment:

Product Outlook (Revenue, USD Million, 2014 – 2025)
• Flexible Packaging
  • Paperboard
  • Rigid Packaging
  • Metal
  • Glass

Application Outlook (Revenue, USD Million, 2014 – 2025)
  • Grain Mill Products
  • Dairy Goods
  • Fruits & Vegetables
  • Bakery Products
  • Meat Processed Products
  • Others

Regional Outlook (Revenue, USD Million, 2014 – 2025)
  • North America
      • U.S.
      • Canada
      • Mexico
  • Europe
      • Germany
      • UK
  • Asia Pacific
      • China
      • India
  • Central & South America
      • Brazil
  • MEA

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Carbon fiber Market Attain Height of USD 6.36 Billion Worldwide

Rise in end-user applications coupled with diversified uses of carbon fibers in various domains added to the market growth then. The growth trends exhibited positive traction owing to rising CAGR on yearly basis.

The global carbon Fiber market is expected to cross USD 6.36 billion by 2025. The carbon fiber industry witnessed growth trends in the carbon fiber, composite markets possessed identical features, and the significance was higher in terms of volume in 2016. Rise in end-user applications coupled with diversified uses of carbon fibers in various domains added to the market growth then. The growth trends exhibited positive traction owing to rising CAGR on yearly basis.

At present, the carbon fiber market is driven by rise in demand for carbon fiber from automotive and aerospace industries and lightweight vehicles. In addition, the augmented demand for fuel-efficient vehicles coupled with stringent regulations by government pertaining to vehicle pollution is expected to drive the market growth. The carbon fiber industry is expected to gain a positive traction in the forthcoming period due to mass production of electronic items, automotive applications in cars and rise in industrial use.

Carbon fiber market is segmented by raw material, inclusive of PAN-based and Pitch based. PAN based carbon fibers accounted for a higher CAGR in the forecast period owing to wider use in numerous applications. By tow size, the market segmentation includes small tow and large tow. Small tow carbon fibers are widely used for numerous applications owing to its versatile features.

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By Application, the carbon fiber industry is segmented as sport equipment, aerospace & defense, molding & compounding, automotive, construction and pressure vessels. Aerospace & defense account for a significant CAGR in the forthcoming period due to extensive use of carbon fibers in production and assembling.

Geographical segmentation for carbon fiber market includes North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. North America is expected to rise at a higher CAGR in the forthcoming period owing to presence of aircraft makers for commercial and defence purpose. Increase in automobile production emphasizing high performance cars is expected to drive the regional market. Europe is anticipated to be a large and rapidly growing market owing to stringent regulations emphasizing environmental pollution. The key players in the carbon fiber industry include BASF SE, Teijin Limited, Hexcel Corporation, SGL Group and Mitsubishi Rayon Co Ltd.

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Market Segment:

Carbon Fiber Raw Material Outlook (Volume, Tons; Revenue, USD Million, 2014 – 2025)
• PAN Based
• Pitch Based

Carbon Fiber Tow Size Outlook (Volume, Tons; Revenue, USD Million, 2014 – 2025)
• Small Tow
• Large Tow

Carbon Fiber Application Outlook (Volume, Tons; Revenue, USD Million, 2014 – 2025)
  • Automotive
  • Aerospace & Defense
  • Wind Turbines
  • Sports equipment
  • Molding & Compounding
  • Construction
  • Pressure vessels
  • Others

Carbon Fiber Regional Outlook (Tons, USD Million, 2014 – 2025)
  • North America
      • U.S.
      • Mexico
      • Canada
  • Europe
      • Germany
      • France
      • UK
  • Asia Pacific
      • Japan
      • China
      • Taiwan
  • Central & South America (CSA)
      • Brazil
  • Middle East & Africa (MEA)

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Pharmaceutical Contract Manufacturing & Contract Research Market Is Burgeoning Worldwide By 2025

ontract manufacturing offers supports to the complete outsourcing market, due to its widespread adoption and popularity by pharmaceutical establishments.

Global Pharmaceutical Contract Manufacturing & Contract Research Market is anticipated to reach USD 238.3 billion by 2025. Contract manufacturing offers supports to the complete outsourcing market, due to its widespread adoption and popularity by pharmaceutical establishments. The factors that propel the growth of the Pharmaceutical Contract Manufacturing & Contract Research industry include decrease in the cost of production of APIs, increasing focus on cost reduction, the rising price pressure.

On the other hand, there are factors that may hamper the growth of the market including stringent rules and regulations, and steady improvement. Pharmaceutical Contract Manufacturing & Contract Research Market is anticipated to grow at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.

Pharmaceutical Contract Manufacturing & Contract Research industry may be explored by type, application, and geography. The market may be explored by product type as Finished Dosage Formulations (FDF); which may further include (Parenteral/Injectables, Tablet, Oral Liquids, Capsule, Others), Active Pharmaceutical Ingredients (API), OTC Medicines and Nutritional Products, Advanced Drug Delivery Products, and Others. The “Active Pharmaceutical Ingredients (API)” segment led the Pharmaceutical Contract Manufacturing & Contract Research Market in 2016 and is anticipated to maintain its dominance by 2025 due to increasing demand for High Potency Active Pharmaceutical Ingredients (HPAPI).

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The key applications that could be explored in the Pharmaceutical Contract Manufacturing & Contract Research industry include Biopharmaceutical, and Pharmaceutical. The market by end users could span Non-sterile, and Sterile. North America accounted for the major share of the Pharmaceutical Contract Manufacturing & Contract Research Market Size in 2016 and will continue to lead in the forecast period. However, Asia Pacific is anticipated to raise at a surplus rate. The factors that could be attributed to the growth include increase in number of corporations outsourcing the schemes in the emerging economies.

Some of the key players that fuel the growth of the Pharmaceutical Contract Manufacturing & Contract Research industry comprise Pharmaceutical Product Development LLC, Catalent, AbbVie, Patheon, Baxter Biopharma Solutions, Dalton Pharma Services, Grifols International, S.A., and Lonza AG., and Boehringer Ingelheim Biopharmaceuticals GmBh. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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Market Segment:

Pharmaceutical Contract Manufacturing/Contract Research Market, Service Types Outlook (Revenue, USD Billion, 2014 – 2025)
• Manufacturing Services (CMO)
      • API/Bulk Drugs
      • Advanced Drug Delivery Formulations Packaging
      • Packaging
      • Finished Dose Formulations
          • Solid Formulations
          • Liquid Formulations
          • Semi-solid Formulations
• Research Services (CRO)
      • Oncology
      • Vaccines
      • Inflammation & Immunology
      • Cardiology
      • Neuroscience
      • Others

Pharmaceutical Contract Manufacturing/Contract Research Market Regional Outlook (Revenue, USD Billion, 2014 – 2025)
  • North America
• U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • Asia Pacific
  • India
  • China
  • Latin America
  • Brazil
  • Mexico
  • Colombia
  • Argentina
  • Chile
  • Venezuela
  • Middle East and Africa (MEA)
  • South Africa

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Fiberglass Flooring Market Hit Almost US$ 987 Million Figure By 2025

The market is likely to observe enormous development because of its increasing practice in industrialized, commercial and housing uses.

The global Fiberglass Flooring Market is estimated to touch US$ 987 million by the completion of the prediction period. The market appreciated by US$ 531 million in the year 2015. The market is likely to observe enormous development because of its increasing practice in industrialized, commercial and housing uses. Increase in the activities of construction in developing nations for example India and China due to speedy industrial development, suburbanization and progress in populace expected to offshoot development.

The Fiberglass utilized by way of a support material in vinyl flooring merchandises comprising vinyl sheets, vinyl composite tiles and luxury vinyl tiles. Fiberglass shows superior possessions as equated to felt support together with extended lifetime and non-allergen, creating it a feasible choice. It expected to upsurge its stake extremely above the prediction period. The Fiberglass Flooring market is estimated to develop at a substantial CAGR for the duration of the prediction.

The Fiberglass Flooring market on the source of Type of Application could span Industrialized, Housing, and Commercial. The subdivision of Commercial construction was the leading subdivision and was responsible for the stake of 52.1% of the general income in the year 2015. The increasing necessity for the office buildings, marketing supplies, leisure centers, theme parks, hotels, cafes, hospitals, and theme parks will motivate the demand for fiberglass floorings in the subdivision of commercial construction above the forecast period.

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The sub division of Housing construction expected to observe sizeable improvements due to the increasing necessity for houses in developing nations comprising South Africa, Brazil, China, and India. The South African government had publicized strategies to construct 1.5 million homes, in the year 2014, to come across housing shortage in the nation by the year 2019. This inventiveness is likely to inspire development of the market above the forthcoming ages.

The Fiberglass Flooring market on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage in these areas, for the duration of the prediction could span North America [U.S.A], Europe [France, Germany, U.K., Italy], Asia Pacific [India, Japan], Latin America [Brazil], Middle East & Africa [South Africa].

By the source of geography, Asia Pacific is likely to display extraordinary improvements because of increasing practice of the product in the subdivision of building. Growing demand for industrialized grounds, engineering & proposal hubs for the business segment. Shopping mall, guesthouses, relaxation hubs and theme parks, for the commercial segment. Government and metropolitan offices and Hospitals for the services segment. Structures & houses for the housing segment; has caused in the development of the building manufacturing in the area.

The increasing middle-class inhabitants and speedy financial growth together with the growing per head earnings, mostly in emerging nations comprising Indonesia, Vietnam, Singapore, China, South Korea, Thailand, and India are important aspects likely to power the development of the market, confidently.

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Additionally, the existence of most important construction companies for example NITTOC Construction, DLF, Unitech, and Leighton Asia, will additionally help in the development of the market. Latin America is expected to observe robust financial development by a CAGR of 8.4% for the duration of prediction, due to increasing demand for domestic structures. Furthermore, the growth of “Bogota Urban Renewal” jumbo scheme to create Bogota by means of the technical, industrialized and commercial center of Latin America is likely to be a most important issue prompting development in the area.

The statement revises Trades in terms of intake of Fiberglass Flooring in the market; particularly in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the field on international level are Tarkett, Armstrong World Industries, NOX Corporation, Mannington Mills, Inc., IVC Group [Mohawk Industries], Milliken & Company and ShawIndustries Group, Inc. Additional notable companies operating in the field on international level are Polyflor ltd, Interface, Gerflor Group, and TOLI Floor Corporation.

Market Segment:

Application Outlook (Volume, Thousand Square Meters; Revenue, USD Million; 2014 – 2025)
• Residential
• Commercial
• Industrial

Regional Outlook (Volume, Thousand Square Meters; Revenue, USD Million; 2014 – 2025)
  • North America
• U.S.
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Asia Pacific
  • China
  • India
  • Central & South America
  • Brazil
  • Middle East & Africa
  • South Africa

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Contact Person:

Ryan Manuel

Research Support Specialist, USA

Email: ryan@millioninsights.com

Durable Medical Equipment (DME) Market Hit Almost USD 242.1 Billion Figure By 2025

Durable medical equipment enable therapeutic benefits to a patient arising out of medical condition or illness. DME are prescribed by a physician to primarily serve medical purposes.

Global Durable Medical Equipment (DME) Market is estimated to reach USD 242.1 billion by 2024 owing to the increasing prevalence of chronic diseases that require long-term care. Durable medical equipment enable therapeutic benefits to a patient arising out of medical condition or illness. DME are prescribed by a physician to primarily serve medical purposes. They comprise wheelchairs, traction equipment, hospital beds, crutches, canes, ventilators, pressure mattresses, oxygen monitors, walkers, kidney machines, nebulizers, etc. which are reusable and can also be appropriately used at home.

Durable medical equipment can be either used alone or in combination with other equipment as well for safety, monitoring and diagnosis of disease. They proficiently assist in recovering health of large population across globe. The enhancement of medical equipment technologies has improved diagnosis and treatments of patients. Earlier, where the wheelchairs were operated manually, today powered wheelchairs are widely replacing the manual ones.

Moreover, the growing demand for powered wheelchairs and the modernizations in equipment are projected to stimulate the growth of durable medical equipment (DME) industry in the years to come. Furthermore, the emergence of transfer lifts and mobility scooters in automated version is predicted to propel the growth of market significantly. These benefits are allowing people to avail more reliable healthcare systems and services which ultimately speed up their recovery chances.

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However, chronic diseases like neurological diseases, cardiac diseases and cancers are considerably contributing to durable medical equipment (DME) market. Along with the growing prevalence of chronic diseases, diseases like diabetic foot, pressure ulcers & cancer that need long-term patient care and postoperative recovery are expected to contribute impressively to the market in the long-run.

As compared to the expensive hospital stay, home healthcare is a comparatively economic option for patients today. Therefore, patients prefer to opt post-operative recovery and long-term care at home itself. The growing demand for home healthcare services open opportunities for the DME market players to up sell and cross sell various equipment. Hence, the explosion of home healthcare services has contributed comprehensively to the durable medical equipment (DME) industry. Also, the increasing geriatric population base worldwide is predicted to propel the industry in the forecast period.

Durable medical equipment (DME) market is categorized on the basis of equipment type, end-user, and geography. On the basis of equipment type, the market is divided into bathroom safety devices, personal mobility devices, monitoring and therapeutic devices and medical furniture. Personal mobility devices segment is further divided into crutches & canes, wheelchairs, walkers, etc.

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Medical furniture is further classified into medical beds, stretchers, lift chairs, mattress, etc. In terms of end-user, durable medical equipment (DME) industry is segmented as hospitals, ambulatory surgical centers, home care settings, long-term care centers, etc. Hospital segment is projected to hold majority share of the market owing to increasing number of hospitals and growing government initiatives for improving the health care segment.

Geographically, the durable medical equipment market is segmented into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Asia Pacific is predicted to hold larger share of the market in the coming years due to the growing population in this region and rising preference for invasive and non-invasive monitoring devices like oxygen equipment and negative pressure wound therapy (NPWT) pumps.

Furthermore, the increasing number of investments by governments of emerging economies to improve the healthcare sector is also predicted to impact the market positively. The prominent durable medical equipment (DME) industry players comprise Baxter International Inc., Stryker Corporation, Medtronicplc. Becton, Drive DeVilbiss Healthcare, Dickinson and Company, Medline Industries, Inc., Invacare Corporation, Sunrise Medical (US) LLC, ResMed, Inc., Medical Depot Inc., and Hill-Rom Holdings, Inc.

Market Segment:

Global Durable Medical Devices Product Outlook (Revenue, USD Million, 2013 – 2024)
• Personal Mobility Devices
• Wheelchairs
  • Scooters
  • Walker and Rollators
  • Cranes and Crutches
  • Door Openers
  • Other Devices
  • Bathroom safety devices and medical furniture
  • Commodes and Toilets
  • Mattress & Bedding Devices
  • Monitoring and therapeutic devices
  • Blood sugar monitors
  • Continuous passive motion (CPM)
  • Infusion pumps market
  • Nebulizers
  • Oxygen equipment
  • Continuous Positive Airway Pressure (CPAP)
  • Suction pumps
  • Traction equipment
  • Others equipment

Global Durable Medical Devices End-Use Outlook (Revenue, USD Million, 2013 – 2024)
  • Hospital
  • Nursing Homes
  • Home Healthcare
  • Other End-User

Durable Medical Devices Regional Outlook (Revenue, USD Million, 2013 – 2024)
  • North America
  • U.S.
  • Canada
  • Europe
  • UK
  • Germany
  • Asia Pacific
  • Japan
  • China
  • Latin America
  • Brazil
  • Mexico
  • MEA
  • South Africa
  • Saudi Arabia

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