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The global Scar Treatment market size was worth USD 13.8 billion in 2015 which is anticipated to grow at a CAGR of more than 9.7% during the forecast period. Esthetic appearance among people is one of the major factors driving market growth. Scar treatment helps enhance the esthetic appeal of an individual through skin rejuvenating. Women are more concerned about esthetics, hence are expected to form the largest customer base for this market.
Another major factor contributing to the growth of this market is the rising number of road accidents. According to WHO, approximately 10 million people are injured in road accidents every year. This gives rise to high need for scar treatment products, such as topical products that help in reducing the scars effectively. Road accidents also increase the need for cosmetic surgical treatments, which in turn leads to high demand for laser instruments. Rising incidence of burn injuries also supports the growth of this market. Burn injuries contort the appearance of the victim, leaving noticeable hypertrophic burn marks. People with high disposable income, often go for surgical treatment to get rid of such marks. Thus, scar removal products help in treating burn injuries.
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Technological advancement, such as laser therapy is also accelerating the growth of this market. For instance, Cynosure came up with MedLite C6, a Q-switched laser device, which is used for treating acne and other skin diseases. These laser devices help in treating the marks by destroying the scar tissue. Reconstructive and plastic surgery is also considered as a part of the surgical laser treatment procedure, which has further expanded the market growth.
Product Insights
Based on product, topical products held the largest market share in 2016 and are expected to witness an attractive growth over the forecast period. It is due to the easy availability of these products Over-the-Counter (OTC), for instance, topical creams, gels and oils. Due to this reason, topical products are greatly used as a treatment for scars.
Laser products are expected to witness a lucrative growth over the forecast period. This is due to the fact that non-invasive therapy facilitates less pain and discomfort. Laser-based cosmetic surgeries are also increasingly preferred by the patients who are experiencing stretch marks, acne and keloid.
Scar Type Insights
Based on scar type, atrophic scars dominated the market in 2015. This is because it majorly comprises acne scars. Most of the people, especially women are concerned about acne. Hence, there is a high demand for OTC products such as gels and topical creams for treating acne, thereby, making it a strong segment.
Hypertrophic and keloid scars also held significant market share in 2015 owing to the growing number of wound injuries leading to these marks. OTC products such as silicone gels, topical creams and silicone gel sheets assist in minimizing the visibility of these marks.
End Use Insights
Based on end-use, the market is segmented into clinics, hospitals, e-commerce, and retail pharmacies. Among them, hospitals dominated the market in 2015. This is due to the wide usage of laser instruments, steroid injections and topical creams and gels in the hospital settings. Availability of specialists in the hospital also contributes to the growth of this segment.
E-commerce/retail pharmacies are expected to witness lucrative growth over the forecast period. Online websites provide a wide variety of scar treatment products such as steroid injections, topical creams & gels and portable laser instruments. It also offers numerous lucrative offers and discounted prices, which further raises the growth of this segment. In retail pharmacies, topical products are available easily, which facilitates easy accessibility of scar treatment products.
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Regional Insights
Based on region, North America held the largest market share in 2015. This is due to the growing acceptability of technologically advanced products and high concern among people regarding esthetic appeal. Huge demand for advanced laser instruments in the U.S. also drives the growth of this region.
Asia Pacific is expected to witness a lucrative CAGR over the forecast period due to the rising incidence of road accidents in country like India. In addition, rising disposable income in these countries is also anticipated to contribute to the growth of this region.
Competitive Insights
Some of the major companies of the market are Lumenis; Mölnlycke Health Care; NewMedical Technology, Inc.; Sonoma Pharmaceuticals, Inc; Smith & Nephew plc; CCA Industries Inc.; Suneva Medical, Inc.; Enaltus LLC; Merz Inc. and Scarheal, Inc.
The key companies go for strategic initiatives such as regional expansion, development of new products with improvised technology and mergers & acquisitions. For instance, Lumenis acquired Pollogen in 2015, in order to expand its product portfolio in the field of esthetics.
Market Segments:
Product Outlook (Revenue, USD Million; 2014 - 2025) • Topical Products • Creams • Gels • Silicon Sheets • Others • Laser Products • CO2 Laser • Pulse-dyed Laser • Others • Injectables • Others
Scar Type Outlook (Revenue, USD Million; 2014 - 2025) • Atrophic Scars • Hypertrophic and Keloid Scars • Contracture Scars • Stretch Marks
End-Use Outlook (Revenue, USD Million; 2014 - 2025) • Hospitals • Clinics • Retail Pharmacies/ E-commerce
Regional Outlook (Revenue, USD Million; 2014 - 2025) • North America • U.S. • Canada • Europe • Germany • UK • Asia Pacific • China • India • Latin America • Brazil • Mexico • MEA • South Africa
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Business to Business e-commerce market is growing rapidly and changing the buying patterns worldwide. In this system, an online platform is set up where buyers & sellers come together to trade goods and services. Google Shopping and Amazon Supply are contributing significantly in this marketplace.
Increasing communication facilities worldwide are the key driving forces behind the B2B e-commerce market growth. Increasing adoption of cloud computing is further positively impacting the market growth. There are many private and public cloud computing options which have the capacity to integrate the developing B2B markets. One of these options includes Network as a Service (NaaS), Back-end as a Service (BaaS), Storage as a Service (STaas) and Data as a Service (Daas). These options can be customized as per client’s requirements pertaining to the budget, size of the firm, and specific requirement.
Increasing cases of online frauds and lack of security are the biggest threats to the industry. Further, regulations regarding online payment across the globe are expected to hamper the market growth. Electronic data interchange, Enterprise resource planning, Customer Relationship Management are the further instigating market growth.
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Deployment Model Insights:
The B2B e-commerce market can be classified by using deployment model in to three types, buyer-oriented, supplier-oriented and intermediary-oriented e-commerce. Buyer-oriented B2B e-commerce is in which a buyer opens a market on its individual server and invites prospective suppliers On the other hand, where supplier use his own server for transaction and gets the current sales from a large number of buyers worldwide is called supplier-oriented marketplace. Dell, Cisco, Intel, and IBM are some of the examples of it. Further, when a third party operator sets up a marketplace for buyers and sellers to strike a deal, it is called Intermediary-oriented e-commerce. For instance Covisint is an automotive trade intermediary formed by Daimler-Chrysler group, General Motors, and Ford.
Enterprise Insights:
B2B e-commerce is rapidly changing the business pattern worldwide and helping many small and medium enterprises (SMEs) as well as large firms in their businesses. They help them reach to the remote areas worldwide having business potential. Increasing technological advancements is incessantly helping in cost reduction and speeder transaction, owing to which the B2B e-commerce market is expected to grow over the forecast period.
In addition, SMEs has reduced resources as well as time through the online & offline transaction. As a result of which they have gain the competitive advantages with the help of e-commerce platform further it has helped to improve operational efficiency.
Regional Insights:
In Asia Pacific, rising infrastructure amenities as well as rolling number of internet users are projected to stimulate market growth. Further, the area is anticipated to witness increase in demand for B2B e-commerce business adoption, which can be credited to Smartphone propagation. The U.S. B2B e-commerce market is anticipated to witness augment in demand over the predicted period, which can be credited to the increase of cloud services as well as flourishing B2C experiences that are motivating demand for B2B e-commerce.
Competitive Insights:
Oracle, IBM, Amazon Inc, Alibaba are the key industry participant’s in the B2B e-commerce industry..Axway, Phoenix Biz Solutions, and Techdinamics are some other important players in the market. Companies’ primarily focuses on delivering enhanced experience to their customers which will help them gain higher market share over the forecast period. As the number of players in the market is increasing there is intense competition. Thus, improved customer relationship is key to gain advantage over competitors in the market.
Market Segment:
B2B E-commerce Deployment Model Outlook (Revenue, USD Billion, 2012 - 2020) • Buyer-oriented B2B e-commerce • Supplier-oriented B2B e-commerce • Intermediary-oriented B2B e-commerce
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B2B E-commerce Enterprise Outlook (Revenue, USD Billion, 2012 - 2020) • SME • Large enterprise
B2B E-commerce Regional Outlook (Revenue, USD Billion, 2012 - 2020) • North America • Europe • Asia Pacific • RoW
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Big Data Market is the term for large and complex data set that includes challenges like capturing, storing, sharing, transferring and analyzing data. The traditional data processing software is inadequate to deal with them. Increasing popularity of social media that produce large amount of data can act as driver for its growth. The market size was USD 25.67 billion in 2015 and it is forecasted that it will grow to USD 123.2 billion by 2025. Big data market includes software and services which can be further divided into big data analytics, data discovery and visualization. The growing demand for big data analysis includes increase in easy sharing, mobile devices, internet penetration, abundant information and resources. The market has shown tremendous growth in its adoption rate recently.
The market is segmented across geographical regions like Latin America, MEA, Asia pacific, North America and Europe. Asia-pacific is expected to be fast growing region.
Hardware Insights
This mainly includes storage devices, Network components and server that are used for data processing and storage. It is estimated that network component market will grow about CAGR 20% over a given period because of big data. Security becomes important when it comes to handling large data, so new network security paradigm and algorithm should be developed. At present due to cloud computing there is elevating demand for storage space and in coming nine years it is expected to witness more healthy growth.
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Software Insights
Visualization or Graphical user interface (GUI) is important because user need to access data when required. This market will witness growth with CAGR more than 15% over given time period. The big data market is expected to present great opportunity for data vendor in next four to five years, so proper and effective visualization is needed.
Big data analytics is processing large data sets to discover correlations, market trends and hidden patterns which is handy in making business decisions. This segment is also expected to grow due to increase in awareness of analytics in large enterprises for making strategic decisions and to reduce risk of failure.
Service Insights
Service is delivery of information, consulting or statistical analysis tools to a firm by outside provider that helps to understand and use large information. This segment will have training & development, deployment and maintenance. Many organisations spend large amount of money on training, analytical tools so this segment will observe growth over a forecasted period. Demand for technicians and vendor executive will witness growth over forecasted period.
End-Use Insights
Developed economics used data intensive technology on large scale. Information stored in alphanumeric text and still image data is most useful format for big data applications. Companies invest heavily for effective data traffic management tools such as predictive text analysis. At present, telecommunication and IT are industries utilizing this solution on enormously. Data whether structured or unstructured needs to be managed. The need for tools to manage large data will drive the market.
Multinationals collect and store data so as to process and extract information needed which will eventually help in decision making, operational efficiencies and cost reduction. The potential of data analytic will make it applicable in different sectors as healthcare, gaming, defence, BFSI and media.
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Regional Insights
Big data technology has given opportunities to different sectors and business to store, process and manage data and convert it into useful information. In 2015 North America was major region in market which was having more than 30% of total revenue. Over a given time Apac is expected to grow at a fastest rate among various regions with CAGR exceeding 17% in given period. Use of data in public as well as private sector will be providing better opportunities for this market. Europe will also witness a significant growth due to use of big data in government and private sector.
Competitive Insights
Big data and IOT works together. Efforts are made to reduce hardware cost which includes network component and storage cost reduction. Organizations are investing in R&D to achieve integrated big data solution so as to increase its efficiency and capabilities. Gaining precise information has the highest priority in industry as it helps in understanding customer needs. Alpine Data Labs, Databricks, HPCC Systems are some organization that deals with Big data.
Market Segment:
Big Data Hardware Outlook (Revenue, USD Million; 2014 - 2025) • Storage • Server • Network Equipment
Big Data Software Outlook (Revenue, USD Million; 2014 - 2025) • Analytics • Database • Visualization • Distribution Tools • Others
Big Data Service Outlook (Revenue, USD Million; 2014 - 2025) • Consulting • Deployment & Maintenance • Training & Development
Big Data End-Use Outlook (Revenue, USD Million; 2014 - 2025) • BFSI • Manufacturing • Retail • Media & Entertainment • Gaming • Healthcare • Telecommunication • Government • Others
Big Data Regional Outlook (Revenue, USD Million; 2014 - 2025) • North America • U.S. • Canada • Europe • UK • Germany • Asia Pacific • China • India • Japan • Latin America • Brazil • Mexico • The Middle East & Africa
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The global Glycerol demand was 2,247.2 kilo tons in 2013 and is expected to reach 3,469.2 kilo tons by 2020, growing at a CAGR of 6.4% from 2014 to 2020.. The increase in production of oleochemicals coupled with growing downstream opportunities is anticipated to propel market demand over the forecast period. Declining usage of synthetic products such as propylene glycol is likely to fuel consumption of glycerol.
Glycerol also is known as glycerin, it’s a core compound of all triglycerides. Glycerol can be sourced either from artificial or natural means depending on a raw material used in its manufacturing. Glycerol finds its applications in preservatives, antifreeze chemicals, explosives, and food sweeteners due to its chemical properties. Growing healthcare technologies are likely to drive the market growth over the forecast period.
Uncertain feedstock supply, fewer profit margins for refinement processes can act as a restraint to the glycerol market. Unstable government legislations and industry subsidies are affecting the profitability of manufacturers which is expected to have a negative impact on glycerol production.
Source Insights
The major sources of glycerol are biodiesel, fatty acids, and fatty alcohols. In recent times, bio-diesel is the largest source for the production of glycerol. The process of using bio-diesel alcohol in glycerol production is known as transesterification process, which is economical over other synthetic processes. Saponification and hydrolysis are the other methods of glycerol production.
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Application Insights
Pharmaceuticals and personal care were the largest application segment of this market. Glycerol finds its application in skin products owing to its healing properties and nutritive value. It is also used in health products due to its sweet tasting features and laxative properties.
The growing demand for coatings and paints industries is expected to have a positive impact on market demand. Glycerol also finds its applications in explosive production, tobacco humectants, perfume production, and food preserving. Glycerol is the precursor to important chemicals such as 1-3 propanediol, Epichlorohydrin, and Propylene Glycol owing to which the downstream applications of this product have attracted a lot of attention.
Regional Insights
Europe is the largest region in the market due to growing demand in food & beverages, pharmaceuticals, and personal care segments. Its growing application in the production of specialty chemicals such as propylene glycol and epichlorohydrin is driving the demand for this product.
China is likely to consume high glycerol owing to rising production of epichlorohydrin in this economy. The presence of a large number of coatings and paints industries in Asia Pacific is expected to drive the market demand. The rising consumption of cosmetic products and pharmaceutical containing glycerol is likely to witness a significant growth over the forecast period.
Competitive Insights
The key players in the market are Vitusa Product (U.S.), Emery Oleochemicals LLC (U.S.), Cremer Gruppe (Germany), Dial Corporation (U.S.), Kashima Chemical Co., Ltd. (Japan), Sumi Asih Oleochemical Industry (China), Twin Rivers Technologies, Inc. (U.S.), Pt Cisadane Raya Chemicals (Indonesia), Kao Corporation (Japan), Sakamoto Yakuhin Kogyo Company Ltd. (Japan), Pt Flora Sawita Chemindo (Indonesia), Pacific Oleochemicals Sdn Bhd (Malaysia), United Coconut Chemicals, Inc. (Philippines), Croda International Plc. (UK), Archer Daniel Midland (U.S.), IOI Oleochemical Industries Berhad (Malaysia), Dow Chemical Company (U.S.), Godrej Industries Ltd. (India), Kuala Lumpur Kepong Berhad (Malaysia), Solvay SA (Belgium), Procter & Gamble Chemicals (U.S.), Wilmar International (Singapore), Sofiprotéol Group (France), and Cognis Corporation (U.S.), etc.
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Market Segment:
Global Glycerol Market Source Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020) • Biodiesel • Fatty acids • Fatty alcohols • Soap industry
Global Glycerol Market Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020) • Personal care & pharmaceuticals • Alkyd Resins • Foods & beverages • Polyether polyols • Tobacco humectants • Others
Global Glycerol Downstream Opportunities Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020) • Propylene Glycol • Epichlorohydrin • 1,3 Propanediol • Others
Glycerol Market Regional Outlook (Volume, Kilo tons; Revenue, USD Million, 2012 - 2020) • North America • Europe • Asia Pacific • RoW
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Global Flue Gas Desulfurization Market is expected to reach USD 23.69 billion by 2020. Across the world, over 75% of electricity is being produced from thermal power plant, however coal contains Sulphur in the range of 0.3% to 1% that varies depending upon origin of location. Sulphur present in the coal after reaction forms Sulphur dioxide (SO2) that is toxic to the atmosphere. To save environment form such toxins, various countries like European and the U.S. countries have strict policy regarding the discharge of Sulphur dioxide that should be less than 0.05%. Therefore, power plants are installing Flue Gas Desulfurization (FGD) plant or unit mainly to lower the Sulphur dioxide in environment.
The Market is estimated to grow at a significant CAGR of 6.0% over the future period as the scope and its applications are rising enormously across the globe. Rising use of coal for electricity generation all over the world, presence of several air pollution control rules, and growing awareness regarding environment safety are documented as major factors of Flue Gas Desulfurization Market that are estimated to enhance the growth in the years to come. However, high cost for the installation of Flue Gas Desulfurization systems and high active waste and energy disposing requirements are the factors that may restrain overall market growth in the coming years. The Market is segmented based on type, technology, end users, and region.
Dry/ Semi-Dry Flue Gas Desulfurization (FGD) System and Wet Flue Gas Desulfurization (FGD) System are the two main types that could be explored in Flue Gas Desulfurization in the forecast period. Wet Flue Gas Desulfurization System sector comprise of seawater, limestone, and others. The Wet Flue Gas Desulfurization System is estimated to remain dominant in the coming years. This may be because of high demand in several industries as they are high efficient to remove sulfur dioxide (SO2) from the flue gas. Also, rules and regulations set by various federal governments, high demand for electricity, and growing number of coal-fired power plants in developing countries are boosting the sector growth.
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Exclusively used enhanced technology includes Brownfield and Greenfield that could be explored in Flue Gas Desulfurization in the foremost period. The market may be categorized based on end users like cement manufacturing, power generation, iron & steel, chemical, and others that could be explored in foremost period. The power generation sector accounted for the largest market share of Flue Gas Desulfurization and is estimated to lead the overall market in the upcoming period. The coal-fired power plants use high sulfur content coal for power generation and high demand for power is boosting the overall sector growth.
Globally, Asia Pacific accounted for the largest market share over 53.9% of Flue Gas Desulfurization and is estimated to lead the overall market in the coming years. The reason behind the growth of overall market could be rising industrial sectors mainly metals and cement companies in developing countries like China and India and disturbing levels of pollution in the region.
Instead, Europe and North America are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share and is estimated to grow at significant share over 2.3% in the coming years. This may be because of government initiative in developing the agricultural sector. However, North America is estimated to grow at fastest pace with the highest CAGR of 3.6% in the foremost period. The aspects that may be ascribed to the growth comprise high demand for electricity in the region and strict environmental policy.
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The key players of Flue Gas Desulfurization Market are Thermax, Alstom S.A., Siemens Energy, China Boqi, Mitsubishi Heavy Industries, Ltd., Babcock and Wilcox Company, Marsulex Environmental Technologies, Chiyoda Corporation, Lonjing Environment Technology Co. Ltd., Ducon Technologies Inc., Hamon Research-Cottrell, and Hitachi Power System America Ltd. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.
Market Segment:
Flue Gas Desulfurization Technology Outlook (Revenue, USD Million, 2012 - 2020) • Wet Flue Gas Desulfurization System • Dry Flue Gas Desulfurization System
Flue Gas Desulfurization Application Outlook (Revenue, USD Million, 2012 - 2020) • New Flue Gas Desulfurization Systems • Reagents & Replacements
Flue Gas Desulfurization Regional Outlook (Revenue, USD Million, 2012 - 2020) • North America • Europe • Asia Pacific • RoW
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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.
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.
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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January 21, 2021
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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.
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.
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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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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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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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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