Latest Market Trends

Food Can Market Huge Revenue & Latest Rising Opportunity 2021

The canned fish products will be in demand because of lifestyle of the consumers in European economics. It is forecasted that that demand for exotic fish and fish products will eventually go up.

Europe Food Can Market was valued at $10.17 billion in 2015 and is expected to continue with the growing streak due to soaring demand for packaged food. The need of superior packaging alternative can act as a driver this market over a given period. Frequent changes in the price of raw material can act as a barrier in industry growth.

The canned fish products will be in demand because of lifestyle of the consumers in European economics. It is forecasted that that demand for exotic fish and fish products will eventually go up. Spain and Italy are two economies that have high imports of large scale production of canned fish products.

In Europe UK is important market for food can and it will increase at a significant rate observing the consumer demand for packaged products. The dependency of consumer on meat and powdered products packages will have a positive impact on the industry growth.

This market segment will benefit from demand for sustainable natural food and organic food product for their pets. Higher nutrient preservation by such packaging will act as driver for metal packaging for pet food.

The technological advancement has to be considered for the production of new products with superior product dispensing characteristics and increased aesthetic appeal. Another important driver can be higher convenience level with metal packaging.

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The market in Europe is characterized by product innovations and production technologies. In addition, the need for increase in the profit margins of can manufacturers promotes investment in the advancement of production technology to reduce raw material requirement and increase production efficiency.

Product Insights

Over a period from 2016 to 2025, Aluminium food cans are expected to register growth at CAGR of over 2% in comparison with Steel cans. Also they are light in weight and has superior strength. In addition, ease of printing on the product coupled with easier can design modifications is expected to emerge as the major growth drivers.

In European market Steel food cans has a significant market share due to its properties like recyclability and excellent temper resistance. Increase in packaging of single serve meals and edible products can act as driver for high volume demands of Steel cans. However, it is expected to witness limited demand because of Aluminium cans.

Application Insights

The use of the product for packaging fruits is expected to account for over 25% of the revenue in Europe driven by a high production volume of canned fruits in Russia. The demand for the product by the consumers across the region is expected to be driven by the use in salads and fruit puddings.

Consumption of corned meat has lead to expansion in meat can industry in Europe. Major food cans manufacturer such as Crown holding in france has expanded its business that has lead to growth in segment in the region.

Period from 2016-2025 will notice a growth at a rate of CAGR of over 1% by revenue for ready meals and reason for it is natural likings of consumers from Germany and Russia. Rising demand for fresh cooked food can be a restraint for its growth.

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Country Insights

Over a given time period CAGR of over 3% by revenue is a expected market growth in Turkey which makes it a key market for the product. . The demand is expected to benefit from the rapidly changing economic conditions leading to an increase in consumer changing power.

Germany on the other hand accounted over 8% of volume share in Europe by consumption of meat and fish products in the region. Change in consumer preference towards adoption of fresh products has affected a growth by small margin in the region

Competitive Insights

The industry exhibits the presence of a number of large players operating their businesses through high production capacities and an extensive distribution network. The manufacturers in the region lay high emphasis on the research & development for the production of advanced cans to attract the consumers.

The manufacturers provide empty cans to the food processing companies that fill the product either through self-owned filling locations or through third party filling companies. The advantages of a third party filling include the cost reduction in the operations and setting up of the filling channels by the processing companies.

This report forecasts revenue and volume growth at country levels and provides an analysis on the industry trends in each of the sub-segments from 2014 to 2025.

Market Segment:

Product Outlook (Volume, Million Units; Revenue, USD Million, 2014 – 2025)
• Aluminum
• Steel

Application Outlook (Volume, Million Units; Revenue, USD Million, 2014 – 2025)
  • Meat
  • Ready Meals
  • Vegetables
  • Fish
  • Fruits
  • Powder Products
  • Pet Food
  • Others

Regional Outlook (Volume, Million Units; Revenue, USD Million, 2014 – 2025)
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Netherlands
  • Russia
  • Turkey
  • Rest of Europe

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Covid-19 Impact on Silicon Photonics Market 2021

Silicon photonics technology uses silicon as platform for photonic circuits to create highly integrated optical communication systems. The key elements of value chain include raw material suppliers, components manufacturers, Original equipment manufacturers, distributors and end users.

In 2015, the global Silicon Photonics Market size was valued at USD 123 million and is predicted to grow due to increasing uses of photonic technology. Silicon photonics has applications in telecommunication and data infrastructure as they have huge impact on energy efficiencies of communication Network. The need of silicon photonics in application areas such as consumer electronics, IT and increasing demand for optical multiplexers, optical attenuators and optical cables will drive the market in forecasted period.

The distributors stage consist of channel partners, resellers, direct sales partners and vendors that are involved with sales and distribution of photonic systems. Ibsen Photonics A/S of Denmark make efficient use of Distributors spread across Russia, Singapore, China, India, Taiwan and Israel to meet Customers evolving requirement.

Optical component vendor have witnessed massive price reduction in their market. The manufacturers have incurred loss due to high fabrication cost and low selling price. Besides, the market is also competitive.

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Component Insights

The market can be segmented based on use of different components such as Optical waveguides, lasers, optical modulators, Wavelength-Division multiplexing and photodetectors. Among these, the WDM segment is expected to dominate the component arena in terms of size by 2025. WDM filter is used in current electronics and current fibers.

The excess use of Internet worldwide, where WDM filter plays vital role will push the growth in data communication segment.

Product Insights

The market subdivision on the types of products includes Optical waveguides, lasers, optical modulators, WDM and photodetectors. In 2015, the Active optical Cables (AOC) was largest segment in terms of size. The use of AOC enables user to transfer data at a high rate over a long distance through photonics technology.

AOC are cost effective as compared to traditional optical modules and provide smooth installation for high-performance computing. In terms of CAGR the optical multiplexer segment can be fastest growing segment from 2016 to 2025.

Application Insights

Based on applications, the market can be fragmented into IT & telecommunication, consumer electronics, commercial, defense and security and healthcare & life science. The IT & telecommunication segment would dominate the application field in terms of size in 2015.

Increase in number of smartphones and its penetration is expected to lead to high growth of Global telecommunication sector over the forecasted period. Technological advancements in silicon photonics will maximize performance and propel the IT & telecommunication industry. Commercial application segment will dominate in terms of CAGR in next seven years.

Regional Insights

Asia Pacific region is predicted to grow at a highest CAGR from 2016 to 2025. A strong demand and growth in consumer electronics manufacturers, transportation network as led to adoption of Silicon photonics technology.

In 2015, North American market dominated industry in terms of revenue. The key features of silicon photonics product such as low power consumption, small size and high efficiency are important reasons for adoption of this technology. The firms are investing in R&D for continuous development of advance photonic products that will lower the cost of high-speed internet access and will boost efficiency of Communication networks.

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Competitive Insights

Cisco Systems Inc., Mellanox Technologies, Molex Corporation, Intel Corporation, and Finisar Corporation are major players in Silicon photonics market. These firms are striving hard for market share through innovative product launches and upgraded transmission capabilities.

Avago technologies, Infinera, OneChip photonics, Luxtera are some identified players in global silicon photonic market.

Market Segment:

Silicon Photonics Component Outlook (Revenue, USD Million, 2014 – 2025)
• Optical Waveguides
  • Optical Modulators
  • Photodetectors
  • Wavelength-Division Multiplexing (WDM) Filters
  • Laser

Silicon Photonics Product Outlook (Revenue, USD Million, 2014 – 2025)
  • Transceivers
  • Active Optical Cables
  • Optical Multiplexers
  • Optical Attenuators
  • Others

Silicon Photonics Application Outlook (Revenue, USD Million, 2014 – 2025)
  • IT & Telecommunications
  • Consumer Electronics
  • Healthcare & Life Sciences
  • Commercial
  • Defense and Security
  • Others (Media & Advertising)

Silicon Photonics Regional Outlook (Revenue, USD Million, 2014 – 2025)
  • North America
      • U.S.
      • Canada
  • Europe
      • Germany
      • UK
      • France
  • Asia Pacific
      • China
      • India
      • Japan
  • Latin America
      • Mexico
      • Brazil
  • The Middle East & Africa

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Shale Gas Market In-Depth Analysis with and Forecast To 2025

Shale gas is one of the popular conventional energy sources as it emits less carbon compared to other fossil fuels such as coal and hence is expected to become the major fuel replacing coal and other fossil fuels provided its production increases in the near future.

The increasing need for energy and diminishing conventional gas reserves, the demand for unconventional sources such as CBM, shale gas, gas hydrates and tight gas has experienced a significant leap in the past decade. Shale Gas is the form of natural gas derived from underground shale deposits through hydraulic fracturing and horizontal drilling.

Regarding end-users, shale gas market is segmented into industrial, commercial, power generation, transportation, and residential. Owing to its low price compared to other fossil fuels, the market is anticipated to replace conventional sources such as coal, nuclear and hydro especially in chemical, fertilizer and hydrogel production industries.

Global conventional energy reserves are not able to fulfill the demand owing to developing per capita consumption of energy in developing countries majorly in Asia-Pacific. Till now, shale gas production is limited to North America such as Canada and U.S. In Asia Pacific region production started in 2015 as large shale gas reserves have been discovered. Foreign investors also have recently ventured the market along with entering into various mergers and acquisitions with companies to utilize the potential in this region.

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The key factors driving the market are anticipated to be the abundance of shale gas globally however yet not matured reserves in several locations such as India and Indonesia, improved supply and distribution network, enhanced drilling technology and decline in prices of conventional energy sources.

However, the involvement of higher capital investment for shale gas exploration and production, and other issues such as water contamination on hydraulic fracturing are expected to restrain the industry growth over the forecast period. Also, other environmental issues such as methane release owing to hydraulic drilling and public opposition have hindered the market mostly in the European countries such as Poland and France.

Also, various energy and government agencies globally have initiated many programs for developing and producing shale gas. Some of these agencies are Energy Information Administration (EIA) U.S., Gas Shale in Europe (GASH), German Research Centre for Geosciences (GFZ). Recently, countries such as China, Poland, Jordan and India have participated in the initiative program.

Application Insights:

Industrial, residential, commercial, transportation and power generation are the key application sectors. In 2013, power generation was the major application segment accounted for more than 30% of total volume of shale gas produced. The main factors driving product demand in this segment is the abundance and low carbon footprint of shale gas over coal and crude oil.

Environmental concerns and regulatory support for the use of conventional sources of energy is yet another factor to drive shale gas demand in this power generation industry. Industries in Canada and U.S. are slowly shifting their focus towards the utilization of shale gas replacing the conventional gases. Growing demand against LPG and CNG as the alternative transportation fuel is another important reason responsible for its increase in consumption in the past few years and this trend is expected to continue over the forecast period. This will develop transportation to be the fastest growing application with a projected at a CAGR of 10.8% from 2014 to 2020.

The commercial application of the market is also expected to grow at CAGR of around 5.3% from 2014 to 2020 to reach approximately USD 10 billion by 2020.

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Regional Insights:

In the present industry scenario, Canada and U.S. are the major producers of shale gas. These two countries produced almost 92% of the total volume in 2013. Earlier to shale gas, U.S. was the largest importer of natural gas. Later on, owing to rapid production and exploration activities, U.S. emerged as the major exporter for the market followed by Canada estimated over 8.2% of the gas extracted in 2013.

China accounted 30 million cbf output by 2012 and increased its production to 200 million cbf till 2013. As per estimates, China has a huge amount of shale gas reservoirs and discovers great market potential. The Chinese government is also supporting tax leverage and financial benefits to the shale gas companies.

APAC is anticipated to be the emerging market with a CAGR of over 66% from 2015 to 2020. Europe in more than 14 countries including Germany, Poland and France is also is also anticipated to increase production of shale gas over the forecast period owing to the abundant availability of reserves which are in the initial maturity stage.

Competitive Insights:

Global shale market is being dominated by top gas & oil producing multinationals spread through the value chain creating the market highly competitive. Key market players have already entered into various acquisitions, collaborations, joint ventures and partnerships to sustain the competitive market.

Some of the market leaders are Anadarko Petroleum Corporation, BHP Billiton, Exxon Mobil Corporation, Royal Dutch Shell, Reliance Industries Limited, Cabot Oil & Gas, SM Energy, and Talisman Energy Inc. among some other companies.

Market Segment:

Global Shale Gas Application Outlook (Volume, Bcf; Revenue, USD billion)
• Industrial
  • Power Generation
  • Residential
  • Commercial
  • Transportation

Shale Gas Regional Outlook
  • North America
      • U.S.
      • Canada
  • Asia Pacific

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Global Rice Protein Market Size, Type, Regions, and Major Companies Application To 2025

The global Rice Protein market size was estimated over 11 kilo tons in 2015. Rice protein is an important type of a plant protein and is derived from brown and white rice varieties. The unique amino acid profile of these additives is driving their application in end-use industries such as pharmaceuticals and cosmetics.

Rice protein finds its application in the manufacturing of functional foods, dietary supplements, energy bars, and sports & energy drinks, owing to which the demand is expected to grow rapidly over the forecast period. The absence of artificial sweeteners and chemical additives has led to manufacturers preferring rice protein over soy and whey.

Product Insights

On the basis of protein content and processes, rice protein products are segmented into isolates and concentrates. In 2015, isolates dominated and accounted the majority of the market, in terms of value and volume in product segment. Isolates separate proteins from the foods, resulting in the low amount of fat, fiber, and carbohydrate intake in the final product.

The demand for concentrates is expected to grow rapidly as they are cheaper and possess the ability to replace similar products. Concentrates are proven nutritious and healthier than whey due to which consumers have adopted concentrates over whey. The growing demand for sports nutrition products is expected to further augment demand for concentrates over the forecast period.

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Application Insights

Major applications of rice protein include pharmaceuticals, cosmetics, food & beverages, and animal feed. In 2015, food & beverages application segment dominated the market by accounting over 50% of the global volume. Growing demand for products such as supplements, dairy alternatives, and sports drinks is anticipated to act as a major driver.

Growing awareness regarding benefits of plant-based medicines is likely to act as a major driver for growing demand in pharmaceuticals. The rising health awareness regarding nutrition-related deficiencies is expected to boost the demand for rice protein in pharmaceutical manufacturing.

Regional Insights

North America accounted for over 47% of global market owing to high demand from food & beverage industry. The presence of a large number of manufacturers coupled with the high adoption rate of new products is expected to boost market growth.

Asia Pacific is expected to be the fastest growing region due to growing disposable incomes in emerging economies of China and India. Increasing awareness regarding healthy lifestyles coupled with growing demand for protein-based nutritional foods is likely to fuel market growth over the forecast period.

Competitive Insights

The key players in the market are Nutrition Resource Inc., Axiom Foods Inc., AIDP Inc., and RiceBran Technologies. The product nature of rice protein is responsible for the industry is highly concentrated and highly competitive.

The key players have adopted inorganic development strategies such as partnerships and agreements with distributors and suppliers to increase market share. Plandai Biotechnology has entered into an agreement with AIDP Inc. to sell their products in developed markets of U.S. and Europe.

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Market Segment:

Rice Protein Product Outlook (Volume, Tons; Revenue, USD Thousand, 2014 – 2025)
• Rice protein isolates
• Rice protein concentrates
• Others

Rice Protein Application Outlook (Volume, Tons; Revenue, USD Thousand, 2014 – 2025)
• Food and beverages
• Pharmaceutical
• Cosmetics
• Animal feed

Organic Rice Protein Application Outlook (Volume, Tons; Revenue, USD Thousand, 2014 – 2025)
• Sports & Energy Nutrition
• Bakery & Confectionery
• Meat Analogues & Extenders
• Dairy Alternatives
• Others

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

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Protective Coatings Market Latest Rising Opportunity 2021

“The global protective coatings market was valued at USD 24.90 billion in 2015. The growth in this market is primarily an outcome of significant consumption in key end-use industries such as construction, oil & gas, and aerospace.”

The growth in the Protective Coatings market is expected to be positively impacted by the rise in the aerospace and automotive industries worldwide. The rising demand for passenger cars and the growing air traffic, most notably in emerging regions, are expected to drive the growth of this industry during the forecast period.

The product finds major applications in the construction, mining, power generation, aerospace, industrial, and marine industries, among which the construction segment accounted for the largest share in 2015. The growing infrastructure development in emerging countries such as India, Brazil, and China are anticipated to drive the demand for the product during the forecast period.

The key restraints for the growth of the industry include the stringent government regulations, especially in the U.S. and European countries, regarding the volatile organic compound (VOC) emissions and increasing cost of raw materials. The rising demand for raw materials in the other end-use segments may negatively impact the growth of the industry during the forecast period.

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Resin Type Insights

In terms resin types, the industry has been segmented into acrylic, epoxy, polyurethane, alkyd, and polyester. The epoxy coatings segment dominated the overall industry revenues in 2015, accounting for revenues of over USD 9 billion. The growing demand for high operational efficiency in key application verticals can be considered the primary factor driving the product growth.

The alkyd resins segment is expected to observe a significant growth during the forecast period, driven by the growing application scope in segments such as automotive, construction, and oil & gas.

Product Insights

In terms of products, the industry has been categorized into water-borne, powder-based, and solvent-borne. In 2015, the solvent-borne segment accounted for revenues of nearly USD 8.5 billion, thereby dominating the overall industry revenue. However, this segment is anticipated to observe slow growth during the forecast years owing to strict government regulations on the use of solvent-based compounds with high VOC content.

Water-borne coatings is another key segment, which is expected to experience the highest revenue growth of nearly 11% during the forecast period. Increasing demand for environmental-friendly products from key end-use verticals is slated to drive the segment growth.

End-use Insights

The industry has been segmented into construction, oil & gas, aerospace, mining, industrial, power generation, automotive, marine, and others, on the basis of end use. The construction segment dominated the overall industry, accounting for revenues of over USD 5 billion in 2015. This dominance and future growth of this segment can be attributed to rising infrastructure development activities and investments in emerging countries of Asia Pacific and Central & South America.

The growth of the aerospace and oil & gas segments is also expected to drive the demand for protective coatings during the forecast period, projected to grow at a CAGR of nearly 11%. This can be attributed to the increasing demand for the products in thermal barrier and surface protection applications, in the aforementioned industries, which witness high-temperature operations.

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Regional Insights

The Asia Pacific accounted for a major share of the overall industry in 2015, having recorded revenues of over USD 18 billion. This regional industry segment is expected to continue its dominance in the coming years, as a result of the presence of numerous manufacturers, easy availability of raw materials, rising construction initiatives being taken by governments, and low production costs. China is expected to be among the highest growing markets for the product worldwide during the forecast period, projected to grow at a CAGR of nearly 10%.

The European region is expected to observe slow growth in the protective coatings industry, primarily owing to the political and economic instabilities in the region. The industry in Russia has been witnessing a significant boost in the construction sector, which is expected to offer high growth potential to product manufacturers in the region during the forecast period.

Competitive Insights

The protective coatings industry is highly competitive, with key manufacturers spread worldwide. The key global players in this industry include Wacker Chemie AG, BASF SE, AkzoNobel NV, The Sherwin-Williams Co., and PPG Industries. These players have adopted strategies such as capacity expansion and new product developments to gain a competitive edge over competitors in the global industry.

The aforementioned global companies are, however, faced with significant competition from Chinese manufacturers. The significant positions of these Chinese players can be attributed to the low production costs, easy availability of raw materials, and rapid growth of the end-use verticals in the region.

Market Segment:

Resin Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 – 2025)
• Acrylic
  • Epoxy
  • Polyurethane
  • Alkyd
  • Polyester
  • Others

Product Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 – 2025)
  • Solvent-borne
  • Water-borne
  • Powder-based
  • Others

End Use Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 – 2025)
  • Construction
  • Oil & Gas
  • Aerospace
  • Industrial
  • Marine
  • Automotive
  • Power Generation
  • Mining
  • Others

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

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Polyvinyl Chloride Market Will Reach USD 79.11 Billion By 2021

“The global Polyvinyl Chloride (PVC) Market is projected to reach USD 79.11 billion by 2020 and is expected to grow with attractive CAGR of 5.0% over the forecast period. The decreasing dependability of PVC on non-renewable resources such as crude oil and natural gas as compared to other synthetic polymers is expected to drive the market growth.”

Industry Insights

The global Polyvinyl Chloride (PVC) Market is projected to reach USD 79.11 billion by 2020 and is expected to grow with attractive CAGR of 5.0% over the forecast period. The decreasing dependability of PVC on non-renewable resources such as crude oil and natural gas as compared to other synthetic polymers is expected to drive the market growth. The demand for PVC in medical devices and automobiles owing to its characteristics such as high corrosion resistance, low price, workability, and effectiveness is expected to fuel market growth.

Polyvinyl chloride (PVC) is the third most widely produced synthetic plastic polymer globally after polypropylene and polyethylene. PVC is available in two forms, namely rigid and flexible. The rigid PVC has its application in bottles, doors & windows, non-food packaging, and construction of pipes. The flexible PVC is used in insulation of electrical wires and in the flooring of hospitals, homes, schools and areas where sterility is required.

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The attributes of the product such as resistant to alkalies & chemicals, resistivity to deformation, good tensile strength and easy availability contribute to the market growth. In addition, PVC is highly used for insulation of electrical cables in low and medium voltage applications owing to its high dielectric constant and volume resistivity.

The economic recession of 2009 resulted in a sharp decline in the demand of PVC on account of its effects on major application industries including electronics & electrical, transportation and construction. The application of the product in 3D printing, injection molding, and CNC machining is limited on account of its emission of toxic & corrosive gases while melting.

PVC is highly flammable and emits hydrogen chloride (HCl) while burning thereby rendering it hazardous for the environment and restricting its use in applications with the risk of fire hazard. The diversified characteristics of the product enable its recycling for over five times, which increases it overall lifespan to around 140 years.

The increasing infrastructure and construction spending in the developing markets of Latin America and Asia Pacific are likely to drive global PVC demand. The fluctuating prices of raw materials together with the strict regulations in North America and Europe restrict the use of PVC to medical applications only.

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Application Insights

The major applications of PVC include electrical & electronics, construction, transportation, and consumer packaging. The product is used for car interiors such as dashboards and door panels owing to its high durability. In addition, PVC has its applications in the automotive industry as underbody coatings, sealants, floor modules, wire harnesses, passenger compartment parts and exterior parts on account of its inexpensive nature and abilities to reduce the vehicle weight and providing improved flexibility in designing.

Construction segment accounted for over 55.7% of the global market volume in 2013. The global events such as Summer Olympics and FIFA World Cup led to the increase in the construction spending in the BRICS nations which is likely to propel PVC demand in the industry.

The consumer applications including footwear, sportswear, and appliances contribute to over 12.0% of the global market volume in 2013. The wide use of PVC in footwear and clothing on account of its water resistance and inexpensive nature as opposed to rubber and leather is expected to bolster market growth over the forecast period.

The demand for PVC in electrical and electronics segment is expected to witness the fastest growth as opposed to its counterparts. This growth can be attributed to the increasing demand in the electronics market in Taiwan, China, and South Korea, which in turn is anticipated to fuel the demand of PVC over the forecast period.

Regional Insights

Asia Pacific emerged as the leader by contributing to over 58.1% of the global market volume in 2013. The infrastructural development and growth of the construction market in economies such as India, Indonesia and China owing to competent prices coupled with low labor cost is expected drive PVC market demand in the region.

Europe is expected to account for the second largest market share contributing to over 18.9% of the global PVC market volume in 2013. The rising demand for the product in Turkey and Russia is expected to drive the European market growth.

The demand for PVC in the Middle East & Africa is expected to witness the fastest growth as opposed to its counterparts at a CAGR of over 5.9%. The growth of the key end-use industries including electrical & electronics, automotive, and construction in South Africa and Saudi Arabia is likely to have a positive impact on the regional PVC demand.

Competitive Insights

The key players in the industry are Shin-Etsu Chemical Co. Ltd., Xinjiang Zhongtai Chemical Co. Ltd, Formosa Plastics Group, LG Chem, Axiall Corporation, ChemChina, Mexichem S.A.B., Westlake Chemical Corp., BASF, Ineos Chlorvinyls Ltd., Georgia Gulf Corp., Sinopec Group, Arkema S.A., Tianjin Bohai Chemical, OxyVinyls, Vinnolit GmBH & Co., Solvay S.A., and KEM One.

Market Segment:

Global Polyvinyl Chloride Application Outlook (Volume, Million Tons; Revenue, USD Million, 2012 – 2020)
• Construction
• Consumer Goods
• Packaging
• Electrical & Electronics
• Transportation
• Others

Global Polyvinyl Chloride Regional Outlook (Volume, Million Tons; Revenue, USD Million, 2012 – 2020)
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Central & South America

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At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.

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Global Endoscopic Vessel Harvesting (EVH) System Market Is Expanding From 2021 To 2025

“The global Endoscopic Vessel Harvesting System Market size was estimated at USD 1,881.7 million in 2016 and is expected to grow at a CAGR of 6.1% over the forecast period. Increasing incidences of cardiovascular disorders leads to surge in demand for EVH.”

The global Endoscopic Vessel Harvesting System Market size was estimated at USD 1,881.7 million in 2016 and is expected to grow at a CAGR of 6.1% over the forecast period. Increasing incidences of cardiovascular disorders leads to surge in demand for EVH. According to WHO, globally CVD is the leading cause of death. It was estimated that approximately 17.7 million people died from CVD’s in 2015 that represents 31% of all global deaths. In addition, there is a rising prevalence of the risk associated with CVD including obesity, diabetes mellitus, and high blood pressure, which is further expected to boost demand for these devices.

Technological advancements pertaining to cardiovascular medical devices is one of the pivotal factors anticipated to propel the growth of the EVH systems. Growing investments by the major players in this market pertaining to device upgradation and new product launch is also amongst few factors driving the demand. For instance, Maquet Cardiovascular LLC launched advanced VASOVIEW Technology for Endoscopic Vessel procedures in Cardiac Surgery. In addition, increasing R&D activities with surging number of new product launches is one of the factor that expected to impel the market growth over forecast period.

Growing preferance for minimally invasive procedures and cost efficient surgeries is further boosts demand for EVH systems. Some of the advantages associated with these devices are minimum recovery time , reducing post surgery infection risk, and leaves minimal surgery scars. For example, Sorin Group launched the VascuClear EVH System in 2011, which reduces the patient’s pain, infection rates, recovery time, and scarring. Also, rising geriatric population and growing number of awareness programs related to cardiac health contribute to the demand for EVH system.

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Product Insights

On the basis of product, the market is segmented as reusable and disposable endoscopic vessel harvesting systems. The reusable segment held the majority of the revenue share and was valued at USD 1,242.4 million in 2016. Some of the key factors such as high commercial availability and maximum adoption of these devices by the hospitals are some of the key factors that can be accounted for the major market share. In addition, growing demand for EVH in Coronary Artery Bypass Graft (CABG) surgeries especially in emerging economies is another factor rising the demand for EVH systems in the market. Few of the commercially available products are Venapax Vein Harvesting, Endoperfect systems, VirtuoSaph plus EVH systems, Endoperfect systems, and Cardiovision EVH systems. Some of the major players in the market include Terumo Cardiovascular Group; Cardio Medical GmbH; Saphena Medical; Inc.; and Liva Nova plc.

However, high cost associated with product maintenance along with rising incidence of infection is one of the factors that can hamper the growth of reusable systems in the coming years. Disposable systems tend to increase the market growth owing to its increasing adoption by the hospitals especially in the emerging economies. Awareness among the consumers related to disposable devices is also rising, which is further surging demand for such systems. Some of the products in this segment include VirtuoSaph EVH systems, ClearGlide, and Vasoview Homo Pro EVH systems. Few of the major players in the market include Terumo cardiovascular Group; Sorin Group; and Maquet Holding B.V & Co. KG.

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Regional Insight

North America dominated the market with the maximum share 39.54% in 2016. Some of the key factors attributing to the market growth include increase in cardiac surgeries, high prevalence of heart diseases in the U.S., and availability of minimally invasive CABG surgeries. According to The University of Michigan, CABG is the most common type of cardiac surgery performed in the region. In addition, technological developments in endoscopic equipment, medical camera, and operating room equipment & supplies market is one of the factors that drive up the demand for such systems. Furthermore, favorable reimbursement policies and rising incidences of coronary artery disease among the U.S population boost up the demand of EVH system in the U.S.

Asia pacific region is expected to be the fastest growing segment with a CAGR of 7.7% over the forecast period. Factors such as high prevalence of cardiovascular diseases, growing trend of medical tourism, increasing disposable income, and rising awareness campaigns propel the growth in the region. On September, 2016, WHO and United States Centers for Disease Control and Prevention (US CDC), launched ‘Global Hearts’ which is an initiative to prevent and control in countries like India, Thailand, Sri Lanka, Nepal and Philippines participating in the Asia Pacific region.

Competitive Insights

Some of the key participants of global EVH system market include, Olympus Corporation; Maquet Holding B.V. & Co. KG; Terumo Cardiovascular Systems Corporation; Saphena Medical, Inc.; Medical Instruments S.p.a; LivaNova plc.; Cardio Medical GmbH; Sorin Group, Inc. and Med Europe S.r.I.

Market Segment:

Endoscopic Vessel Harvesting System Product Outlook (Revenue, USD Million, 2014 – 2025)
• Disposable
• Reusable

Endoscopic Vessel Harvesting System Regional Outlook (Revenue, USD Million, 2014 – 2025)
  • North America
      • U.S.
      • Canada
  • Europe
      • Germany
      • UK
  • Asia Pacific
      • China
      • Japan
  • Latin America
      • Brazil
      • Mexico
  • Middle East & Africa
      • South Africa

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Microscope Market Projected To Reach Attain Height of 12.7 Billion By 2024

“The global Microscope Market is projected to reach USD 12.7 billion by 2024, exhibiting a 7.8% CAGR over the forecast period. The magnification and visualization devices such as microscope are the important part of scientific research and research and development activities.”

The global Microscope Market is projected to reach USD 12.7 billion by 2024, exhibiting a 7.8% CAGR over the forecast period. The magnification and visualization devices such as microscope are the important part of scientific research and research and development activities. The newer industries such as polymer industry, nanotechnology, agriculture and atomic science are the key customer of this device. The new technology advancements such as faster performance and easy sample preparation fuel the market growth for microscope. The devices are capable of displaying images in high definition and in 3-dimensional views.

The optical technology captures the highest market shares at academic institutes and science research institutes for cellular or subcellular imaging activities. The adoption of devices at academic institutes such as schools, colleges, universities and private institutes and the growing research culture in developing countries as well as at small scale industries raises the product penetration. The another reason for industry growth is government and private organizations funding for the research and technology development The price plays an important role in product acceptance, the affordable price of the device increases the product adoption. Thus, the above factors are the main driver for the business growth.

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Product Insights

The product is categorized into optical, electron, and scanning probe microscopes. The electron microscope captures the highest shares due to its various applications and functions. Currently, the electron microscope dominate the marketplace.

With technological advancement, scanning probe microscope are gaining popularity in the market space due to accurate magnifying capacity at atomic level giving sharp images. Thus, this segment is expecting the fastest growth over the forecast period.

Application insights

The application segment is classified in material science, nanotechnology, life science and semiconductors. The life science segment holds 29.22% of revenue share and dominates the industry followed by the semiconductors.

With recent development in sciences, nanotechnology is gaining space in the industry. the recent research and developments in pharmaceuticals, chemicals, biotechnology and other fields are boosting the nanotechnological applications. Hence, this segment is anticipated to be the fastest growing segment overt he forecast period.

Regional insights

North America accounts for 34.13% revenue share in 2016. The largest share in North America is accounted due to its strong economy, technology advancement and high adoption rate in the region. In addition, the government provides heavy funding and investment in the R&D, thus opening more opportunities for the market players.

Asia Pacific incorporated the growing economies such as India, Japan and China. Japan is the largest manufacturer of technology products with the vast number of local manufacturers. The government initiatives such as project funding for R&D development and funding for the infrastructure development at the schools and colleges increase the market. Thus, this region is projected to be the fastest growing over the forecast period.

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Competitive Insights

The major player for Microscope industry includes Hitachi High-Technologies Corporation, Asylum Research, FEI Company, Olympus Corporation, CAMECA Instruments, Nikon Corporation, Bruker Corporation, NT-MDT Company, Carl Zeiss AG, and JeoL Ltd.

The major players invest in research and development for the better opportunities and industry growth. The mergers and acquisitions are the key strategies for the market expansion.

Market Segment:

Product Type Outlook (Revenue, USD Million, 2012 – 2024)
• Optical Microscopes
      • Inverted Microscopes
      • Stereomicroscopes
      • Phase Contrast Microscopes
      • Fluorescence Microscopes
      • Confocal Scanning Microscopes
      • Near Field Scanning Microscopes
      • Other Optical Microscopes
  • Electron Microscopes
      • Transmission Microscopes
      • Scanning Electron Microscopes
  • Scanning Probe Microscopes

Application Outlook (Revenue, USD Million, 2012 – 2024)
  • Material Sciences
  • Nanotechnology
  • Life Sciences
  • Semiconductors
  • Other Applications

Regional Outlook (Revenue, USD Million, 2014 – 2024)
  • North America
      • U.S.
      • Canada
  • Europe
      • UK
      • Germany
  • Asia Pacific
      • Japan
      • China
  • Latin America
      • Brazil
      • Mexico
• MEA
      • South Africa

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Emission control catalyst Market Surpass Size of 1,978 kilo tons With reduction of carbon footprints

Emission control catalyst are designed to breakdown harmful particles which are generated inside exhaust system of automotive engines and industrial machinery. Rising number of installation of catalytic converter by major automotive players including BMW, General Motors, Volkswagen and Ford Motors will create immense market potential over the forecast period

Global Emission Control Catalyst market size was 1,978 kilo tons in 2015. Rising awareness towards reduction of carbon footprints along with stringent norms implemented by government towards reduction of harmful pollutants from industries and automotive combustion will create substantial demand for these catalyst in the near future.

Increasing automobile production in developing countries including China, India, Mexico and Iran will increase the product demand over the next eight years. Presence of strict regulation norms regarding emissions in various developed countries including the U.S., and UK is expected to fuel product demand over the forecast period.

High dependence on temperature fluctuation for the product performance is expected to pose a challenge to the market growth over the forecast period.

Volatility in platinum based catalyst prices owing to unavailability of noble metals is anticipated to hinder industry expansion over the upcoming years. Increasing investments in platinum-rhodium-palladium based manufacturing facilities by key players including BASF and Johnson Matthey will open new market avenues over the upcoming years

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Application Insights

Automotive was the dominant segment and accounted for 83.5% of the total volume in 2015. National Ambient Air Quality Standard in the U.S. and Bharat Stage Emission standard in India regarding emission control will increase demand for automotive and industrial emission control catalytic converter in the near future.

Industrial application is expected to show high gains at a CAGR of 4.9% in terms of volume from 2016 to 2024. Increasing industrial investment in manufacturing sector in various countries including India, China, Mexico and Thailand will augment industry size over the forecast period.

Product Insights

Rhodium based catalyst demand was 828.2 kilo tons in 2015. Demand for the product is expected to spur over the upcoming coming eight years owing to its ability to remove nitrous oxide from exhaust emission by three way catalytic converters in automotive engines. High cost of Rhodium as compared to other emission control catalyst is expected to lower its growth over the next eight years.

Palladium is expected to show tremendous rise at a CAGR of 4.7%from 2016 to 2024. Palladium based products are growing significantly on account of its availability at low price and easy blending characteristics with platinum and rhodium.

Platinum based catalyst accounted for 32.2% of total overall volume in 2015 and is anticipated to witness growth on account of its high usage in catalytic converter of gasoline engines. Platinum is prominently used in diesel vehicle as it is having duel characteristic of oxidation and reducing agent which in turn lowers Sulphur emission. High price of platinum and its sensitivity towards high temperature is expected to have adverse impact on its market demand.

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Regional Insights

Asia Pacific was the largest market and accounted for 32.9% of the overall volume in 2015. Large vehicle manufacturing base in India, Thailand, Japan, South Korea, Malaysia and China owing to increasing population will augment market growth. Availability of cheap raw material in countries including China and India is expected to fuel investment in these countries.

Growing number of power plants and diesel engines in various countries including India and China is expected to promote industry expansion over the upcoming years.

Europe is expected to grow at a CAGR of 4.3% from 2016 to 2024. Europe has established itself as a lucrative market for emission control catalyst. Fully developed industrialization has been a major driver. In order to reduce emission of carbon gas in over 11,000 power stations and manufacturing units in 31 countries of the region, European Commission has implemented the EU Emission Trading System (EU ETS) in the year 2005, which in turn will create growth opportunities.

Competitive Insights

Major manufacturers include BASF, Johnson Matthey, Solvay S.A., Umicore SA and Corning Incorporated. Fully developed R&D centers along with easy access to equipment in U.S., U.K. and Germany have led manufacturers to establish their manufacturing facilities in these countries, thereby capturing market share. As a part of business strategy, in March 2017, BASF launched mobile emission control catalyst manufacturing facility in Chennai(India) in order to meet the increasing demand for automobiles in India.

Market Segment:

Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 – 2024)
• Palladium
  • Platinum
  • Rhodium
  • Others

Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 – 2024)
  • Automotive
  • Industrial
  • Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 – 2024)
  • North America
      • U.S.
      • Canada
      • Mexico
  • Europe
      • Germany
      • UK
      • France
      • Italy
      • Russia
  • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
  • Latin America
      • Brazil
  • MEA

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Carotenoids Market Will Generate About USD 1.21 Billion

The global Carotenoids market was estimated at USD 1.21 billion in the year 2015 and is likely to witness significant growth, due to its increasing usage in numerous applications such as food, dietary supplements, animal feed, cosmetics and pharmaceuticals. Growing health awareness among consumers has led to increased usage of natural food products and nutritive supplements. This scenario is considered to drive the consumption of carotenoids over the years ahead.

Carotenoids also known as tetraterpenoids are color imparting organic pigments, that naturally occur in fruits, leafy vegetables, and roots. These products play the role of antioxidants and provide protection to the human health against chronic diseases, cellular damage, and aging. These organic pigments have found a rising usage in dietary supplements, due to growing health issues among the younger and older working populace groups that are aged in the range of 18 to 64 years.

Tetraterpenoids are commercially available in orange, yellow and red colors. The orange colored products include alpha-, beta-, and gamma-carotene, while the red and yellow ones include lycopene and lutein respectively. Animal feed, cosmetics and pharmaceuticals are the next major uses of the market.

Treatment of diabetes, eye disorders and cancer is likely to drive the demand of tetraterpenoids during the forecast period. Increasing research activities for developing high value natural carotenoids is expected to offer considerable growth opportunities in the industry during the forecast period. However, the stringent regulatory framework in developed regions is likely to hamper the industry growth.

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Product Insights

In terms of volume, beta-carotenes was the largest product segment, which constituted 24% share of the total market in the year 2015. These tetraterpenoids are used as colorants, and antioxidants and possess high vitamin A content. These key attributes are expected to boost the utilization of the product in nutritional foods, personal care and medical applications, which in turn is likely to propel the market growth in the future.

astaxanthin is another important product type of carotenoids that is expected to illustrate significant development during the forecast period, owing to its rising usage in human antioxidants, animal feed ingredients and in seafood processing including shrimps, trout and salmon. Furthermore, astaxanthin is favorably used in human stamina enhancement and quick wound recovery.

Source Insights

Carotenoids are derived via natural or synthetic sources. Synthetic accounted for the largest volume share in 2015. Furthermore, this source type generated a revenue of USD 903.6 million in 2015. However, due to rising consumer inclination towards naturally derived ingredients, this segment is expected to depict a diminished growth during the forecast period.

The natural source type is expected to witness significant volume as well as revenue growth during the forecast period. The sources under this category include plant leaves, crustacean shells, flowers, bird feathers, fruits and fish flesh. Growing consumer awareness about health benefits of natural products is likely to propel the demand in the industry during the forecast period.

Application Insights

Animal feed is the prominent application of carotenoids, which held a revenue share of 41% of the total industry. Tetraterpenoids are consumed in animal nutrition for boosting immunity.

Dietary supplements is another key application, which is likely to offer significant growth prospects in the future, on account of rising consciousness among consumers regarding healthy diet intake and for treating vitamin deficiency related disorders.

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Regional Insights

Asia Pacific is likely to witness tremendous growth, due to the increasing usage of the product in food, pharmaceuticals and personal care sectors. This scenario is projected to reflect in countries such as India, Japan and China owing to economic growth, technological advancements, low production costs and presence of a broad industrial base.

The awareness regarding the health benefits of dietary supplements has notably increased in the Asia Pacific region, as a consequence of various factors such as rising disposable incomes, increasing middle class population and educational development. Furthermore, the existence of major pharmaceutical companies in the region such as Sun Pharmaceutical, Dr. Reddy’s Laboratories, GSK, Cipla, Novo Nordisk and Roche are likely to contribute towards the industry growth.

In terms of revenue, Europe held the largest share in 2015 and is likely to expand at a CAGR of 3.8% during the forecast period. Product consumption in the region is anticipated to rise as a result of significant demand from animal feed and health supplement sectors. Presence of a well-established cosmetics industry with key players such as L’Oreal, Henkel, Unilever and Beiersdorf is another growth driving factor.

Competitive Insights

BASF SE, Brenntag, Kemin Industries, Allied Biotech, ExcelVite Sdn. Bhd., DSM Nutritional Products, Cyanotech Corp., Divis Laboratories, Chr. Hansen, D.D. Williamson, Lycored, and Naturex SA are the major players in the industry.

The manufacturers are implementing various strategies that include product innovation and collaborations with other participants across the value chain, in order to increase their presence worldwide.

Market Segment:

Source Outlook (Volume, Tons; Revenue, USD Million; 2014 – 2025)
• Natural
• Synthetic

Product Outlook (Volume, Tons; Revenue, USD Million; 2014 – 2025)
  • Beta-carotene
  • Lutein
  • Lycopene
  • Astaxanthin
  • Zeaxanthin
  • Canthaxanthin
  • Others

Application Outlook (Volume, Tons; Revenue, USD Million; 2014 – 2025)
  • Food
  • Supplements
  • Feed
  • Pharmaceuticals
  • Cosmetics

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

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