Monthly Archives: July 2021

Tony Amaradio – Honors the Goals of Harvest Christian Fellowship

Tony Amaradio’s dedication to philanthropic causes is especially appreciated by charities he works with for his valuable financial advice.

Aliso Viejo, CA – July 24, 2021 /MarketersMedia/

Tony Amaradio, financial analyst, is admiring the efforts of Pastor Greg Laurie at Harvest Christian Fellowship. The most important work of the Harvest Christian Fellowship, “To Know God and make Him known,” has drawn 15,000 followers over more than 3 decades. This makes it a strong influence in the non-profit spiritual niche. Both Mr. Amaradio and Pastor Laurie are authors, in addition to being drawn to the benefits of financial stewardship. The two men are also both veteran radio talk show personalities, Mr. Amaradio was the host of daily “Market Talk” sessions for two decades, and Pastor Laurie for the nationally syndicated radio show – “A New Beginning” – heard globally by over 800 markets.

Tony Amaradio‘s dedication to philanthropic causes is especially appreciated by charities he works with for his valuable financial advice. In his work with high profile clients, he discovered that the financial industry lacked a comprehensive wealth management program integrating comprehensive holistic planning. Mr. Amaradio immediately set to work, consulting a circle of carefully-chosen experts in each area to develop a unique management model. Designed to preserve wealth and amplify impacts of philanthropic contributions with benefits for both donors and recipients, Mr. Amaradio developed what has become known as his “Legacy Model.” Cited in a June, 2015 article on YAHOO! Finance, this innovative approach to investing delivers advanced strategies in effective stewardship with a scope that encompasses every significant aspect of wealth. Deepening the strategy, Mr. Amaradio acknowledged the concept that wealth is entrusted to man by God, and as such, belongs to Him, providing good reason to be generous with gifts to charitable causes.

Together with his wife Carin, the couple underscores their support of organizations like Harvest Christian Fellowship by pouring forth their combined professional expertise. Authoring helpful guidance in their book, “Faithful with Much: Breaking down the Barriers to Generous Giving,” the couple dovetails rich reserves of faith with abundant material wealth, offering advice on the often conflicting path from achieving wealth to discovering spiritual reward. The book traces a personal journey, helping others to understand God’s intent regarding prosperity and assisting with proven strategies that have served a distinguished clientele for three decades.

Coming from a humble background without privilege, Tony Amaradio earned a BBA degree at the University of Michigan, followed by an MBA at the University of Detroit, quickly receiving attractive offers from top global corporations. Turning instead to the financial sector, his brilliant star shone with purpose after starting his own firm. Giving back to deserving charities was a natural response that his financial success enabled. Today, inspiring through speaking engagements and personal example, he encourages would-be donors follow his lead. He continues to support and align with deserving causes like Harvest Christian Fellowship, promoting philanthropic action and challenging all to give, while ensuring each gift achieves more than previously thought possible.

Anthony Amaradio – Visionary & Strategic Philanthropist: http://anthonyamaradionews.com

Tony Amaradio – The Best Thing You’ve Ever Done! on Vimeo: https://vimeo.com/313895972

Anthony Amaradio – Facebook: https://www.facebook.com/Anthony-Amaradio-580623782054204/

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Non-Woven Perforated Film Market Size Forecast to Reach $735 Million by 2026

Increasing Demand for Personal Care and Hygienic Products Driving the Growth of Non-woven Perforated Film Market.

Hyderabad, India – July 24, 2021 /MarketersMedia/

Non-woven Perforated Film Market size is forecast to reach $735 million by 2026, after growing at a CAGR of 4.7% during 2021-2026. due to increasing demand for packaging of hygiene products, such as sanitary towels & napkins, baby diapers, napkin & panty liners, and wet wipes. The demand for new and better-performing products such as leg cuff and germ removal wipes are propelling the non-woven perforated film market. Furthermore, nonwoven perforated film materials such as polyamide, polypropylene, and polyethylene terephthalate have various properties such as non-toxic, lightweight, recyclable, and others, thus are used for food packaging. Nonwoven films have unique properties such as liquid repellence, resilience, stretch, softness, strength, flame retardancy, washability, cushioning, thermal insulation, and acoustic insulation, which is expected to increase consumption of films for various type of packaging. This factor is estimated to drive market growth.

Non-woven Perforated Film Market Segment Analysis – By Material

Polypropylene material segment held the largest share in the non-woven perforated film market in 2020 as it is widely used in air filtration applications in the automotive sector. Polypropylene is an optimal material for nonwoven perforated films owing to containing properties of both plastic and fabric. Polypropylene is not polluting the environment because it is non-toxic and odorless, therefore gives an ecofriendly environment. Hence, due to this all factor, it is used in the non-woven perforated film.

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Non-woven Perforated Film Market Segment Analysis – By Application

Hygiene sector held the largest share in non-woven perforated film market in 2020 and is growing at a CAGR of 4.8% during 2021-2026, as it is widely used for packaging of hygienic products with unique properties of polyamide, polypropylene, polyethylene terephthalate, and others such as excellent absorption, moisture-proof, filtration, high durability, easy decomposition, non-toxic, soft, and cost-effectiveness. Non-woven perforated films are majorly used as the top sheet of sanitary napkin, baby diapers, and so on as it provides hygienic safety for sensitive body parts. Thus, the increasing healthcare sector is expected to grow the consumption of films. According to the India Brand Equity Foundation (IBEF), the healthcare market is expected to increase by Rs. 8.6 trillion (US$ 133.44 billion) by 2022 which, in turn, is expected increasing demand for nonwoven perforated films.

Non-woven Perforated Film Market Segment Analysis – By Geography

Asia Pacific dominated the non-woven perforated film market in 2020 with approximaterly 30% market share due to the increasing demands of medical apparel in developing countries such as India and China. The growing concern for hygienic packaging in India such as feminine products and baby diapers is accelerating the demand for nonwoven perforated films. In India, various disposable hygiene products are adopted include nappies, diapers, wipes, sanitary protection, and cotton pads, which increasing usage for hygienic packaging. For instance, PM Bhartiya Janaushadhi Pariyojana (PM-BJP), under which the Suvidha pads are sold at their production cost. This factor is estimated to the growing demand for the nonwoven perforated films market.

Non-woven Perforated Film Market Drivers

Increasing demand for Personal Care & Hygienic Products

The demand for hygiene products is expected to drive market growth in the coming years due to the growing awareness among consumers in the wake of the covid-19 pandemic. Thus, with increasing rapid urbanization, healthy lifestyle, and their rising disposable income, the demand for wipes is increasing. Wipes and diapers are too smooth, soft, and comfortable to fit for babies and kids to use clean sensitive skin from dust particles. Hence, increasing awareness about health concerns is positively influencing the demand for baby diapers, wet wipes, medical products, panty liners, sanitary napkins, and sanitary towels, which, in turn, tends to grow the market of non-woven perforated film.

Growing Adoption of Non-woven Perforated Film for Packaging

Non-woven perforated films are highly versatile and can be reused and re-purposed in most major packaging industries. Non-woven perforated film packaging is a great way to properly discard any waste packaging which makes it easier to biodegrade must faster. Hence, due to properties of non-woven perforated film materials (polyamide, polypropylene, polyethylene terephthalate) such as reuse, recyclable, and eco-friendly is estimated to drive the market of the non-woven perforated film market.

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Non-woven Perforated Film Market Challenges

Growing demand for Green & Jute Bags

Eco-friendly packaging is safe for the environment as it is made of recycled waste material which reduces the consumption of resources. Green bags and jute bags are very compostable or recyclable compare to plastic bags. These bags are clearly labeled recyclable packaging bags then they can be thrown for re-use. Green packaging not only reduces carbon footprint and environmental impact but is also beneficial after it has served as biodegradable packaging materials. Jute is a vegetable fiber and one of the cheapest fibers after cotton; it is not polluting the environment, unlike poly bags. Thus, increase concern about environments with the use of eco-friendly packaging is hampering the growth of the non-woven perforated film market.

Non-woven Perforated Film Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Non-woven Perforated Film Market. Major players in the Non-woven Perforated Film Market are ADITYA NONWOVEN FABRIC PVT.LTD., Unitika, Fujian Sanming Kangerjia Sanitary Products Co., Ltd, Beaytiful Nonwoven, Tex Tech Industries,inc, CEREX Advanced Fabrics,Inc, Xiamen Xiyao Nonwoven Trading Co., Ltd, Pantex International, WPT Nonwovens Corporation, and among others.

Key Takeaways

Asia-Pacific dominates the non-woven perforated film market, owing to the increasing medical activities in the region, which is boosting the consumption of the non-woven perforated film.

The growing demand for polypropylene material due to its widespread use in agricultural root bags, turf protection, and weed control crops, is anticipated to drive the non-woven perforated film market.

Increasing adoption for organic packaging such as green packaging in upcoming times and strict regulation toward inorganic packaging such as insoluble plastic will create hurdles for the Non-woven Perforated Film Market.

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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Low Speed Vehicle Market Size Forecast to Reach $6.1 Billion by 2026

Increase the Performance of the Vehicle, Having Low Cost and No Maintenance Which Is Expected to Boost the Low Speed Vehicle Market Growth .

Hyderabad, India – July 24, 2021 /MarketersMedia/

The Market for Low Speed Vehicle is forecast to reach $6.1 billion by 2026, growing at a CAGR of 7.5% from 2021 to 2026. The Low Speed Vehicle Market is estimated to witness substantial growth over the forecast period primarily due to the growing demand for adoption of these vehicles in golf courses, hotel, industries, resorts and other areas. Low Speed Vehicle has less carbon emission and has very low noise which plays a crucial role in attracting customers to adopt low speed vehicle which is environment friendly and easy to use. These off-road electric vehicles generally run at a speed 20-25mph and mostly run on battery leading to eco-friendly transportation. Hotels and resort tend to hold highest market share in low speed vehicle due to increase in providing commutation services to their guests in personnel carriers and golf carts for gaining customer interest. North America is estimated to have highest market growth during the forecasted period due to its high number of golf courses, high geriatric population and luxury tourism.

Low Speed Vehicle Market Segment Analysis – By Vehicle Type

Low speed vehicle is segmented into vehicle type such as Golf cart, Commercial turf utility vehicle, industrial utility vehicle, personal mobility vehicle and others. Golf Cart is expected to hold the largest market share at 31% in 2020 due to increase in number of golf courses around the world along with rising geriatric population. Personnel carriers are majorly used in Hotels & resorts, playgrounds, gated communities, golf courses and others. The demand for commercial turf low-speed vehicles in North America and Europe is anticipated to increase low-speed vehicles market.

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Low Speed Vehicle Market Segment Analysis – By Application

Hotel and resorts accounted for maximum revenue share of the global Low Speed Vehicle market at 36.5% in 2020. Hotel and resort are rapidly increasing the use of low speed vehicle to provide service to their guest, this factor is likely to propel the demand for low speed vehicle market. The rise in demand for golf have increased the golf courses and in turn increased the requirement of these vehicles which is further expected to have substantial growth in the market. An increase in traveling across the globe has increased the use of low speed vehicles by airport authorities for carrying luggage and passengers and is likely to spur the low speed vehicle market.

Low Speed Vehicle Market Segment Analysis – By Geography

Low Speed Vehicle market is dominated by North America at 38% share in 2020 and is expected to have substantial growth over the forecasted period. High standard and luxury tourism in North America drives the Electronic low speed vehicle and is estimated to boost the American market in upcoming time. APAC region on the other hand is expected to have substantial growth in low speed vehicles in the field of industrial sector. For emerging industries, low-speed vehicles are used as it has less carbon emission compared to other vehicles. These vehicles comply the government norms which ultimately boost the market growth.

Low Speed Vehicle Market Drivers

Zero Carbon Emission and Low Noise

One of the major drivers of low speed vehicles market is the lower emission of gases and has less noise compared to regular vehicles. These vehicles are most preferred by airport authorities, golf courses, and industry warehouses which help them to use eco-friendly vehicles. The pollution control norms laid down by governments are compiled by these vehicles and has increased the demand for low speed vehicles. Low speed vehicles are adopted by luxury tourism as they produce less noise and carbon emission than some other vehicles. Thus, this driver is expected to boost the market in forecasted period 2020 to 2025.

Increase in Use of Batteries

The use of lithium ion batteries is rapidly increasing in low speed vehicles for its long life and high power generation. Low speed vehicle manufacturers are increasing the adoption of these batteries as they are more power efficient and have the capacity to generate higher energy, which tends to increase the performance of the vehicle, having low cost and no maintenance which is expected to boost the market growth .

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Low Speed Vehicle Market Challenges

Lack of safety

Though low speed vehicles have many advantages it lags behind in term of safety, these vehicles are not as safe compared to other vehicles. The safety issues like Braking in golf cars becomes a challenge as most these vehicles have only rear wheel breaking system which may lead to loss of control while breaking the vehicle. Hence it becomes one of the major challenges for low speed vehicle market.

Low Speed Vehicle Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Low Speed Vehicle market. The Low Speed Vehicle market is dominated by major companies such Yamaha Motor Corporation, Textron Inc., Toro Company, Polaris, Kubota, John Deere Renault, Moto Electric Vehicles, Club Car LLC., American Landmaster.

Acquisitions/Technology Launches/Partnerships

In June, 2020 Textron Specialized Vehicles Inc. has launched its Hauler 800 ELiTE electric utility vehicle, powered by Samsung SDI lithium technology. This offers zero-maintenance batteries with increased range and energy efficiency.

In January, 2020 Textron Specialized Vehicles Inc. introduced closed-loop electronic fuel injection (EFI) technology which adjusts the fuel-to-air ratio in the engine to improve fuel economy.

Key Takeaways

The Low Speed Vehicle market is estimated to witness substantial growth over the forecast period primarily due to the growing demand for adoption of these vehicles in hotels, industries and others.

Electric vehicle is set to account for maximum revenue share of the Low Speed Vehicle market.

Hotels and resorts are expected to have maximum revenue due to increase in use of low speed vehicles for providing commutation service to the guests..

Low Speed Vehicle market is dominated by North America and is expected to hold highest market share during the forecast period, 2020-2025.

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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Non Relational Database Management System Market Forecast to Reach $45.4 Billion by 2026

Supports Low Latency Applications and Increasing Storage Capacity Driving the Growth of Non Relational Database Management System Market

Hyderabad, India – July 24, 2021 /MarketersMedia/

Global Non Relational Database Management System Market is forecast to reach $45.4 billion by 2026, growing at a CAGR of 12.7% during the forecast period from 2021 to 2026. The Non Relational Database Management System market is driven primarily by the factors such as increasing structured as well as unstructured data in the market due to fast growing businesses and industries across the globe as well as increasing demand for NoSQL databases and schemaless databases. Moreover, high flexibility and elastic scalability are some major reasons for rising popularity of Non Relational Database Management System systems. High demands for low-latency Document database applications are expected to fuel the market growth of non relational database management system in the near future.

Non Relational DBMS Market Segment Analysis – By Organization Size

Large enterprises held the largest share in the Cloud Database Market in 2020 and is projected to grow at a CAGR of 11.1% through 2021-2026. Large enterprises are majorly opting for private cloud databases based on No SQL implemented storage thereby ensuring security along with additional benefits including reduced infrastructure configuration, management overheads and so on. Enterprises can use the cloud virtualization solutions, tools and databases to develop their cloud based applications and solutions. The rising usage of databases as a virtual image machine will further drive the market.

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Non Relational DBMS Market Segment Analysis – By End Use Industry

IT and Telecom held the major market share in the Non reelational DBMS Market in 2020 and is also analyzed to grow at highest CAGR of 9.7% during the forecast period 2021-2026. Document Databases are majorly deployed in IT industry majorly owing to the advantages such as high scalability, low cost and accessed through cloud platform.

Non Relational DBMS Market Segment Analysis – Geography

North America is expected to have a major growth in the global Non Relational Database Management System market during the forecast period from 2021 to 2026. The presence of key players such as Oracle Corporation, IBM and Microsoft are acting as major drivers for the growth of Non Relational Database Management System market. Oracle contributed for a major share in the cloud database market during 2020, thus adding to the growth rise in the U.S market. Increasing demand of cloud computing by large enterprises can also help in fuelling the market growth for DBMS market.

Non Relational DBMS Market Drivers

Supports low latency applications

The rising demand of Non Relational Database Management System systems are growing due to overcoming problems faced by relational database systems. The Dynamo DB by Amazon is helping to trigger the market growth of Non Relational Database Management System systems due to its use in low latency applications. Investments of fast growing businesses and various enterprises towards the Non Relational Database Management System due to their high demands towards a highly flexible and scalable system to support heavy critical workloads.

Increasing storage capacity

With rapid technological growth, there is rise of structured as well as unstructured data in the market. Large enterprises as well as small scale businesses, both require a flexible database to store their huge amounts of data securely. With the adoption of cloud database systems, industries are able to store their massive amounts of data efficiently as cloud offers high storage capacity.

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Non Relational DBMS Market Challenges

Security reasons

As the technology is advancing at a rapid pace, adoption of cloud based technology in advanced data management systems are gaining popularity in the database market With the use of Non Relational Database Management System systems, data storage and management has become more smooth and efficient.

Non Relational DBMS Market Landscape

The major key players in the Non Relational Database Management System Market include IBM Corporation, Amazon Web Services, Oracle Corporation, Microsoft Corporation, Google, Redis labs, Rackspace Inc., MongoDB Inc., Alibaba Cloud, SAP and Tencent.

Partnerships/Product Launches/Acquisition

In February 2020, Couchbase launched fully manageable database service called Couchbase cloud for enterprises. This cloud database service will help the customers to retain full control on their data using their own virtual private cloud. As per company claims, this database service will be providing support to multiple cloud providers and offer multiple pricing options regarding user’s infrastructure consumption.

In October 2019, Alibaba Cloud had collaborated with Mongo DB which helped China to get access of authorized MongoDB service This partnership was made by Alibaba in order to provide customer management support for current and future MongoDB versions with bug fixes. As stated by CEO of Mongo DB, this new partnership with Alibaba had helped it to establish its database service in a new market and also got selected in the list of top three cloud providers.

Key Takeaways

The Cloud model is expected to have a major growth during the forecast period 2021-2026 owing to its use in mobile, web, adtech and many other related applications.

Key market players such as Oracle Corporation and Amazon Web Services contributed with major shares in the database management market in 2020, which helped in fuelling the market growth in North America region.

With large industries facing problems for storing their massive amounts of data, adoption of cloud database systems can help them majorly in successfully managing sensitive company information systematically.

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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South Beach Hotel – The Right Hotel for the Miami Winter Music Conference in Miami

The co-founder of Think Hotel Group, owner and operator of the South Beach Hotel, Mark Shemel said that Miami is well known for its party scene

Miami, FL – July 24, 2021 /MarketersMedia/

The Miami Winter Music Conference has reached its 35th edition. The festival brings together a large number of electronica lovers and international DJs. The upcoming event will last for 4 days, during which various activities will take place in Miami.
Performances, conference workshops, panels, and exhibits of the newest technology and sounds will be attended by artists, producers, promoters, techies, and clubbers. The South Beach Hotel, a recently renovated luxury boutique hotel along the hip Collins Avenue strip in South Beach, proves to be an ideal home base for hundreds of attendees looking for a cool, stylish room at a great deal.

The co-founder of Think Hotel Group, owner and operator of the South Beach Hotel, Mark Shemel said that Miami is well known for its party scene, and that the Winter Music Conference is one of the high points in the year. This means a square mile radius, filled with ravers speaking in languages from all over the world but unified by the music – this is what the festival is like according to Mark. He adds that this hotel always has a great time hosting those coming for the festival and that the staff is looking forward to the one next year.

Founded in 1985 by DJs Louis Possenti and Bill Kelly, the annual conference sees upward of 100,000 people attending from 70 different countries and was described as “one of the most anticipated clubbing events in the country” by the New York Times. The South Beach Hotel is a fabulous hotel for the event, with its blend of historical Art Deco style with modern attitude. The 51 rooms in the establishment are decorated with original works by contemporary Miami photographer Santlov who shot to global fame thanks to his unique and thought-provoking pieces. His playful, colorful photos of universally recognized movie and toy icons posed in humorous situations have won him a huge following among the prime WMC 21-40 year old demographic. The South Beach Hotel boutique hotel takes pride in offering great amenities to keep its guests active – croquet sets, bicycles, yoga mats, and picnic baskets are all available for guest use. The pristine white sand beach Miami is known for is only steps away from the hotel where a snooze might help one to recover from the previous night’s adventures.

To book a room at South Beach Hotel, visit: South Beach Hotel: http://southbeachhotel.com

South Beach Hotel – Home – Facebook: https://www.facebook.com/SouthBeachHotel

South Beach Hotel (@SB_Hotel) – Twitter: https://twitter.com/SB_hotel

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Digital Transaction Management Market Size Estimated to Surpass $58.5 Billion Mark by 2026

Increased Adoption of Mobile Point of Sale Driving the Growth of Digital Transaction Management Market.

Hyderabad, India – July 24, 2021 /MarketersMedia/

The global Digital Transaction Management Market is estimated to surpass $58.5 billion mark by 2026 growing at an estimated CAGR of more than 118.9% during the forecast period 2021 to 2026. Increased use of technology in financial transaction and rise in various e-commerce platforms are expected to accelerate the digital Transaction market, especially cloud based services during forecast period. In 2019, according to report given by Government of India, India has over 16 mobile wallet or e-wallet companies out of which 14 are Indian based mobile wallet companies thus showcasing growing demand for digital transactions. Digital Transaction Management in India are witnessing thriving growth with a compound annual growth rate of 12.7% in the number of non-cash transactions. Similarly, China mobile wallets are growing at rate of 22% with the total transaction volume of $41.1 trillion in 2019. Increasing adoption of non-cash transaction and electronic signature for document verification in documents will likely create the demand for Digital Transaction market.

Digital Transaction Management Market Segment Analysis – By Type of Transaction

During the forecast period, Proximity transactions segment is expected to grow at a CAGR of 28.7%. Mobile phones and POS devices are used to make the proximity Transactions. A number of companies currently offer applications allowing proximity Transactions. It is further referred to as in-store Transactions with respect to Transactions through a merchant’s POS terminal in the case of a retail store or in-location Transactions. This Transaction system uses either barcodes or contactless interfaces to initiate the mobile money transaction. This is done through Near-field communication (NFC)-based technology present on an NFC-enabled phone, which has comprehensive details about the mobile wallet placed in the cloud or debit / credit card.

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Digital Transaction Management Market Segment Analysis – By Industry Vertical

In terms of industry, the Digital Transaction Management market is mainly bifurcated into travel and ticketing, banking, and e-commerce services. Further analysis of each segment indicates banking and travel and hospitality to be the fastest growing application segment for the Digital Transaction Management market, which is projected to grow at a CAGR of 24.2% and 27.8%. Companies like MakeMyTrip, Yatra, Ibibo, Cleartrip (for airlines and hotels), redBus (for buses) are examples of online travel booking companies in India, that are fuelling the Digital Transaction Management market, by facilitating booking only through online platforms. A study by India Brand Equity Foundation (IBEF) found that 81% of existing Digital Transaction Management users in India favor the digital and mobile mediums for banking over other non-cash Transaction procedures such as demand drafts or cheques.

Digital Transaction Management Market Segment Analysis – By Geography

North America, which has displayed affinity over the years in adopting newer technologies, is the most lucrative region for the Digital Transaction Management market, generating a global demand share of 34.3% in 2020. With several innovative key market players located in North America such as PayPal Holdings, Inc. and Microsoft Corporation, this region is leading the innovative front with the development of novel technologies such as contactless Transactions and near-field communication.

Digital Transaction Management Market Drivers

Increased Adoption of Mobile POS
Mobile point of sale has really taken advantage of the smartphone’s ability to accept Transaction on the spot. mPOS is the technology that frees all businesses from their brick-and – mortar and in-store transactions. mPOS device limits liability because transactions are encrypted and card information is not stored on the mPOS device, which minimises the risk of security breaches and makes it easier and quicker to comply with regulations. Biometrics such as fingerprint and facial recognition can also be used with mPOS to confirm customer identities and threat intelligence during Transaction, adding another level of security to digital Transactions.

Shift to Contactless Transactions due to Covid-19 Pandemic
The COVID-19 pandemic has had a significant impact on the mobile money market, as consumers and businesses are forced to change their buying habits. There has been an incredible spike in the adoption of mobile wallets, as contactless Transactions have become vital for purchases. Avoiding cash and card transactions to keep COVID-19 from spreading has prompted many subscribers to try out mobile wallets. Since the COVID-19 crisis complicates every day, consumers become accustomed to Digital Transaction Management, making mobile money important for each transaction.

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Digital Transaction Management Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Digital Transaction Management Market. Apple, PayPal, Samsung, JP Morgan Chase, Amazon, Tencent, Google, Ant Financial, One97 Communications Limited, Vodafone, Skrill, American Express, Sprint Corporation, Well Fargo, Mastercard, Visa, First Data, and AT&T are considered to be the key players of the Digital Transaction Management Market.

Key Takeaways

The increasing omni-presence of mobile phones is a driving factor in increasing the number of users of mobile money and changing the dynamics of digital finance solutions.

Efficiency in money exchange is one of the major determinants of digital money technology development. Increasing the efficiency of digital transactions can result in an increase in overall expenditure which can encourage companies to work towards the development of this technology.

Use of solutions such as Transaction Gateways has sped up the transaction process. In addition, the development of e-commerce websites has led to an increase in the number of online transactions that can be considered an attraction for the mobile money market.

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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Source URL: https://marketersmedia.com/digital-transaction-management-market-size-estimated-to-surpass-585-billion-mark-by-2026/89038266

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Release ID: 89038266

Exosome Diagnostic and Therapeutic Market Size Forecast to Reach $735.1 Million by 2026

Increasing Demand for Anti-Aging Therapies and Availability of Various Exosome Isolation Along With Purification Techniques Are Likely To Aid the Market Growth of the Exosome Diagnostic and Therapeutic Market

Hyderabad, India – July 24, 2021 /MarketersMedia/

Exosome Diagnostic and Therapeutic Market size is forecast to reach $735.1 million by 2026, growing at a CAGR of 23.7% during the forecast period 2021-2026. Exosomes transfer the DNA, RNA, and proteins to different cells in the body. It is related with viral pathogenicity, immune responses, cancer progression, and cardiovascular diseases. Exosomes helps in regulating complex intracellular and extracellular vesicles, hepatocellular carcinoma pathways that are advanced in their usefulness in the therapeutic control of several neurodegenerative conditions and cancer. Increasing research activities in exosome therapeutics and growing incidences of the chronic diseases such as cancer are the major factors driving the growth of the market. Rising income levels, increasing development in the healthcare sectors, and technological advancements is set to further enhance the overall market development of the Exosome Diagnostic and Therapeutic Market for the period 2021-2026

Exosome Diagnostic and Therapeutic Market Segment Analysis – By Application

Diagnostic held the largest share in the Exosome Diagnostic and Therapeutic Market in 2020 and is estimated to grow at a CAGR 24.9% during the forecast period 2021-2026. Exosomes occurs under both pathological as well as normal conditions and carry nucleic acid from the host eukaryotic cells that are widely considered to be crucial for clinical diagnostics. Diagnostic determines a specific areas of an individual that have weakness and strength in order to determine a condition or a disease.

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Exosome Diagnostic and Therapeutic Market Segment Analysis – By End Users

Hospitals held the largest share in the Exosome Diagnostic and Therapeutic Market in 2020 and is estimated to grow at a CAGR 14.2% during the forecast period 2021-2026. This is attributed to the fact that it offers wide availability of instruments and reagents along with the high end technological products.

Exosome Diagnostic and Therapeutic Market Segment Analysis – By Geography

North America dominated the Exosome Diagnostic and Therapeutic Market with a major share of 43.7% in 2020. This is attributed to the increasing expenditures in healthcare industry to ensure quality diagnosis for cancer and growing incidents of cancer. Growing healthcare infrastructure, and technological advancement is also increasing the growth of the market in this region.

Exosome Diagnostic and Therapeutic Market Drivers

Rising Prevalence of Chronic Diseases

Rising prevalence of chronic diseases is increasing the growth of the Exosome Diagnostic and Therapeutic Market. Leading cause of death around the world is owing to the chronic diseases. It is estimated that around 29% of the death is owing to the chronic diseases. 40.5% of the U.S. population suffers from the diseases, according to the American Heart Association and the total cost of the disease from 2010 to 2030 is set to be almost three times from $273Billion to $818Billion. Thus, increasing the growth of the Exosome Diagnostic and Therapeutic Market during the forecast period 2021-2026.

Increasing Prevalence of Cardiovascular Diseases

The increasing prevalence of cardiovascular diseases is rising the growth of the Exosome Diagnostic and Therapeutic Market. This is attributed to the development of the technologically advanced devices with extended longevity. Some of the major factors of cardiovascular disease encompass unhealthy diet, usage of tobacco, and physical inactivity among others which raises the blood pressure and blood glucose causing overweight and obesity. According to WHO, Four out of 5 cardiovascular deaths are owing to heart attacks and strokes, and one-third of these deaths occur prematurely in people under 70 years of age. Thus, increasing the growth of the Exosome Diagnostic and Therapeutic Market during the forecast period 2021-2026.

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Exosome Diagnostic and Therapeutic Market Challenges

Affordability Issues Associated with High Cost of the Diagnostic and High Occurrence of Cancer in Low Income Groups
Some of the factors that are set to impede the growth of the Exosome Diagnostic and Therapeutic Market are affordability issues associated with high cost of the diagnostic and high occurrence of cancer in low income groups. Lack of validation standardization for the isolation of exosomes, and unsatisfactory insurance coverage of high cost test are also set to hamper the growth of the market.

Exosome Diagnostic and Therapeutic Market Landscape

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Exosome Diagnostic and Therapeutic Market. In 2020, the Exosome Diagnostic and Therapeutic Market share is consolidated by the top ten players present in the market. The Exosome Diagnostic and Therapeutic Market, top 10 companies are Thermo Fisher Scientific, Exosome Diagnostics Inc., NanoSomic Inc., AMS biotechnology, Miltenyi Biotec, and Aegle Therapeutics among others.

Key Takeaways

North America dominated the Exosome Diagnostic and Therapeutic Market in 2020 owing to the rising prevalence of chronic diseases and increasing need for diagnosing. The Exosome Diagnostic and Therapeutic Market scope for different regions will be provided in the final report.

Increasing demand for anti-aging therapies and availability of various exosome isolation along with purification techniques are likely to aid the market growth of the Exosome Diagnostic and Therapeutic Market report.

Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Exosome Diagnostic and Therapeutic Market report.

Affordability issues associated with high cost of the diagnostic and high occurrence of cancer in low income groups is poised to create the hurdles for the Exosome Diagnostic and Therapeutic Market.

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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Name: Venkat Reddy
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Organization: IndustryARC
Phone: (+1) 970-236-3677
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Source URL: https://marketersmedia.com/exosome-diagnostic-and-therapeutic-market-size-forecast-to-reach-7351-million-by-2026/89037143

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Release ID: 89037143

Commercial Vehicle Air Filter Market Forecast to Reach $2.7 Billion by 2026

Commercial Vehicle Air Filter Market Is Estimated to Witness Substantial Growth Due to Growing Demand for Small Trucks, Pick-up Vans, and Other Light Commercial Vehicles

Hyderabad, India – July 24, 2021 /MarketersMedia/

The Commercial Vehicle Air Filter Market is forecast to reach $2.7 billion by 2026, growing at a CAGR of 4.8% from 2021 to 2026. The commercial vehicle air filter market is estimated to witness substantial growth over the forecast period. The use of Commercial vehicle for logistics industry, construction industry and others have increased in the regions such as Europe and APAC which is driving the commercial vehicle market and in turn Air Filter market is expected to have growth into the market. The rising demand for mall trucks, pick-up vans, and other light commercial vehicles is expected to boost the demand for cabin air filters and air intake filters market as this market depends on vehicle demand.

Commercial Vehicle Air Filter Market Segment Analysis – By Applications

The market is segmented by Applications into Cabin air filter and Engine air filter. Engine air filters are developed to make automobile engine work efficiently by taking account of environmental conditions. APAC is the largest market holder of commercial vehicle air filter, engine air filters tends to be used more by the vehicle when compared to cabin air filter. As engine air filter worn out fast than a cabin air filter it result into boosting engine air filter in the market. Cabin air filters purifies air which passes into the cabin and make a clean atmosphere for the driver to stay in cabin for long time. Thus this leads to boost the market in forecasted period at 5.3% CAGR through 2026.

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Commercial Vehicle Air Filter Market Segment Analysis – By Vehicle Fuel Type

BEV Filter is growing at a highest CAGR of 12.5% in the forecast period 2021-2026. Initially, the shorter driving range was one of the major disadvantages of BEVs. However, with advancements in technology, the driving range of BEVs increased significantly. For instance, including all variations of the Nissan LEAF and Tesla Models, the average battery range is 253 miles. BEV sales are also increasing, which is attributed to government incentives to OEMs for increasing electric vehicles in their fleets.

Commercial Vehicle Air Filter Market Segment Analysis – By Geography

APAC is expected to dominate the market with a largest share in forecasted period at 36% in 2020 and the region is estimated to witness the highest growth during the forecast period, 2020-2025. The United States is expected to have highest market share of North America vehicle Air Filter and is estimated to have substantial growth in forecasted period. Engine air filters resulted for substantial market share of North America vehicle Air Filter market. However cabin air filter also plays an important role into the market.

Commercial Vehicle Air Filter Market Drivers

Increase in vehicle production

Commercial vehicle such as pick up van, small trucks and other light commercial vehicle are rapidly increasing due to easy commute, for instance rise in logistic industries and e-commerce businesses resulting to increase in production of commercial vehicle which in turn expected to boost the growth of air filter market. However vehicle manufactures are increasing heavy trucks and containers for construction industries and other which are also driving the commercial vehicle air filter market. Thus increase in vehicle production will lead to increase in consumption of Air filters and is expected to have substantial growth into the market.

Advancement in technology

Advancement in air filters are expected to maintain driver health and engine safety. Air Filters are advanced in filtration which provides better air flow resulting in engine efficiency and increasing fuel efficacy. Air filters are made up of synthetic glass fibre, cellulose, and activated carbon which ensures better air flow into the cabin and engine. Advancements in air filter technology will leads to a huge opportunity for commercial vehicle air filter to propel into the market.

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Commercial Vehicle Air Filter Market Challenges

Increasing installation rate of non-replaceable filters

Although Automotive Filters are analyzed to grow at a rapid rate, increased installation of non-replaceable filters hinder the market growth. These non-replaceable filters are washable and can be used for a longer period. In the future, the filter aftermarket would be impacted by the non-replaceable filters since various filters, such as air and cabin filters, need not be changed in the entire lifespan of the vehicle. Hence increased installation of non-replaceable filters will hinder the market growth in the forecast period 2021-2026.

Commercial Vehicle Air Filter Market Landscape

Commercial vehicle air filter market is dominated by major companies such Mann + Hummel GmbH, K&N Engineering Inc., Toyota Boshoku Corporation, Parker Hannifin Corp., Cummins Inc., Freudenberg & Co. KG, Donaldson Company Inc., Sogefi Spa, Robert Bosch GmbH, Valeo S.A.

Acquisitions/Technology Launches

In April 2020, MANN+HUMMEL launched Frecious Plus, a latest innovation in cabin air filtration. The filter blocks bad smells and dust and ensure to remove almost 100 per cent of harmful dust particles and other gases.

In March 2020, Donaldson introduced its Filter Minder wireless monitoring system for air filters on heavy-duty engines. Filter Minder wireless monitoring system sensors sends filter performance data to the cloud, and provide signals about it life.

Key Takeaways

The commercial vehicle air filter market is estimated to witness substantial growth over the forecast period primarily due to the growing demand for small trucks, pick-up vans, and other light commercial vehicles.

Air filters are now made by cellulose, and activated carbon which provide good quality air flow for better performance.

Intake (engine) Air filter is expected to have highest market growth in North America and is expected to have substantial growth into the market.

Rising in production of commercial vehicles is expected to boost up the market for both cabin air filter as well as engine air filter. However engine air filters are expected to propel more when compared to cabin air filters.

APAC to have largest market share into the commercial vehicle Air filter market. North America is estimated to witness growth during the forecast period, 2021-2026.

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

Contact Info:
Name: Venkat Reddy
Email: Send Email
Organization: IndustryARC
Phone: (+1) 970-236-3677
Website: https://www.industryarc.com/

Source URL: https://marketersmedia.com/commercial-vehicle-air-filter-market-forecast-to-reach-27-billion-by-2026/89036782

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Release ID: 89036782

5G Market Forecast to Reach $64.2 Billion by 2026

Rising Adoption of IoT and Growing Requirement for Better Digital Ecosystem Will Accelerate the Growth of the 5G Market

Hyderabad, India – July 24, 2021 /MarketersMedia/

The global 5G Market forecast to reach $64.2 billion by 2026, growing at CAGR 65.0% from 2021 to 2026. The market growth is mainly driven by the factors including growing demand for enhanced mobile broadband services along with virtual networking architecture in telecom industry, growing investment in development of 5G and machine-to-machine communication solutions. Apart from that, rising adoption of IoT and growing requirement for better digital ecosystem will accelerate the growth of the 5G industry. In addition, demand for high-speed connections, greater reliability and access to real time information also contribute towards the market growth. In addition, 5G supports Virtual Networking Architecture (NFV) as well as Distributed Network Function Virtualization’s (D-NFV), which is specifically designed to reduce the requirement of dedicated hardware. NFV also offers location, implementational as well as cost benefits to the network providers, which plays a major role in the growth of 5G market size. Hence, these factors are set to boost the market growth for 5G Market during the forecast period 2021-2026.

5G Market Segment Analysis – By Network Infrastructure

By Network Infrastructure, this market is segmented into Standalone and non-standalone network infrastructure. Non-standalone (NSA) held the highest market share of 100% in 2020, attributed to the early rollout of NSA technology across the world and the lack of standalone implementation. Apart from that, NSA is analysed to witness significant growth during the forecast period 2021-2026. The deployment of Non-standalone solution focuses on enhanced mobile broadband services to fulfil the demand of high data-bandwidth and reliable network connectivity.

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5G Market Segment Analysis – By End-User Industry

Based on end-user industry, 5G market is segmented into Residential, Commercial, Industrialand others (government and public sectors, defence and others). The market for industrial sector is estimated to witness the highest market growth with a CAGR of 73.1%, during the forecast period 2021-2026. Growing demand for better M2M communication solutions along with increasing penetration of IoT across industries is one of the major factors fuelling this growth. In October 2020, The ETSI announced the launch of a new version of DECT which supports massive machine type communication system and can be used in building automation, asset tracking, industry 4.0, condition monitoring and others.

5G Market Segment Analysis – By Geography

APAC region is estimated to witness the fastest market growth with a CAGR of 67.5%, during the forecast period 2021-2026.Many Asian countries including China, Japan and India are investing heavily for the development of 5g network infrastructure. In December 2020, NEC Corporation set up an OpenRAN lab in India to accelerate the development of 5g ecosystem. In addition, to meet the customers growing requirement of high speed mobile broadband services, mobile carrier organizations are investing heavily.

5G Market Drivers

Rising Adoption of M2M Communication System:

With growing penetration of IoT in various sectors, the adoption of machine-to-machine communication is rising, to connect smart devices such as smart cars, machines, sensors, meters, consumer electronics and others, and to offer better digital ecosystem. In June 2020, Qualcomm Technology, JLC infrastructure collaborated with IGNITE cities to develop a suite of smart and connected technology solution, in order to fulfil the demands of customers in various sectors such as industrial, commercial, municipal as well as residential and to work as accelerator for smart city projects. According to recent studies conducted by IndustryARC, the estimated number the connected devices surpassed 30 billion across the world in 2020. Apart from that, increasing investment towards digitalization and growing requirement for high-speed communication solutions to get real-time data for M2M communication as well as analysis will boost the market growth during 2021-2026.

Growing Investment in 5G:

The investment in 5G and its adoption are estimated to grow rapidly due to the growing demand for high-speed broadband, virtual networking architecture and its ability to offer enhanced capacity, better network coverage and connectivity, greater data transmission speed compared to other network solutions. According to recent research conducted by IndustryARC, mobile network operators are estimated to invest more than $1.6 trillion globally during the forecast period 2021-2026, for the development of 5g technology. Increasing investment in 5Gs and the wide adoption of 5g are some of the major growth drivers for this market.

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5G Market Challenges

Spectrum Availability and High Cost Issues

5g networks can operate on wide range of frequencies, nearly up to 300GHz and these bands can offer ultra-fast speed, nearly 20 times more than LTE networks. However, availability and high cost of these spectrums create challenges in the path of the growth of this market. Apart from that, high capital investment also creates hurdles for the growth of this market, especially South American and Middle East region suffers due to the lack of capital investment. These challenges are poised to impede the 5G market growth during the forecast period 2021-2026.

5G Market Landscape

5G Market is consolidated with the top players including Huawei Technologies Co., Ltd., Samsung Electronics Co., Ltd., Nokia Corporation, ZTE Corporation, NEC Corporation, Cisco Systems, Inc., Telefonaktiebolaget LM Ericsson,SK Telecom, Airspan Networks, among others.

Acquisitions/Technology Launches/Partnerships

In September 2020, Samsung announced that to develop 5G network infrastructure for Verizon Communication over the next 5 years, under a $6.6 billion contract.

In July 2020, Samsung launched fully visualized 5G RAN technology, which will offer better efficiency, cost effectiveness and management benefits to mobile operators.

Key Takeaways

Non-standalone technology held the major market share in 2020, due to the early rollout of this technology.

Industrial sector is analyzed to grow with the highest CAGR during the forecast period, owing to high penetration of IoT and growing demand of M2M communication across industries.

APAC is anticipated to witness the fastest growth due to the rising adoption of new technologies and growing investment for the development of 5Gs.

The market of 5G is estimated to witness significant upsurge during the forecast period, owing to the growing adoption of M2M communication and IoT across industries.

The market is consolidated with top market players including Huawei Technologies Co., Ltd., Samsung Electronics Co., Ltd., Nokia Corporation, ZTE Corporation, NEC Corporation, Cisco Systems, Inc. and others.

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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Organization: IndustryARC
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Source URL: https://marketersmedia.com/5g-market-forecast-to-reach-642-billion-by-2026/89037627

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Release ID: 89037627

Cyanate Ester Resins Market Size Forecast to Reach $423.33 Million by 2026

Growing Demand for High-temperature-resistant Resins for Manufacturing Aerospace & Defense and Medical Equipment Is Driving Growth of Cyanate Ester Resins Market

Hyderabad, India – July 24, 2021 /MarketersMedia/

Cyanate Ester Resins Market size is forecast to reach $423.33 million by 2026, after growing at a CAGR of 9.5% during 2021-2026. Cyanate ester is a chemical compound in which the hydrogen atom of the phenol OH group is replaced by the cyanide group. Cyanate ester resins offer good processing characteristics, high-temperature stability, excellent toughness, very low water absorption, and strength with improved electrical conductivity. Thus, due to these properties and the growing demand for high-temperature-resistant resins for manufacturing aerospace & defense and medical equipment is driving the market growth. As cyanate ester resins have utility in a variety of thermosetting polymers, composite plastics, and novolac derivatives. The developing transportation sector in the emerging nations is also driving the market growth.

Cyanate Ester Resins Market Segment Analysis – By Type

Bisphenol-Based Cyanate Ester Resin segment held the largest share of more than 35% in the Cyanate Ester Resins Market in 2020. The Bisphenol-grade Cyanate Ester Resin has properties like low viscosity, low moisture uptake, superior mechanical, excellent thermal stability, low water absorption, low dielectric constant, and dissipation factor. These properties of Bisphenol makes them suitable to use in spacecraft, aircraft, missiles, antennae, Radomes, microelectronics, and microwave products.

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Cyanate Ester Resins Market Segment Analysis – By Form

Liquid segment held the largest share of more than 40% in the Cyanate Ester Resins Market in 2020. Cyanate Ester Resins in liquid form have a relatively high glass transition temperature level of over 400-degree centigrade and have low viscosity compared to solid form. Hence, liquid forms are used in high-temperature applications like electronic chip adhesives, encapsulants, and thermal interface materials. Whereas, liquid form cyanate ester resins are also widely used for manufacturing industrial composites for telecommunication & appliances, industrial equipment & machinery, automobile parts, ballistics, aerospace, and oil and gas. Thus, any industrial growth is likely to drive market growth.

Cyanate Ester Resins Market Segment Analysis – By Application

Composite & Compound segment held the largest share of more than 40% in the Cyanate Ester Resins Market in 2020. The composites materials like carbon fiber and glass fiber are used in various applications from manufacturing aerospace components to automotive parts. Cyanate ester resins are used to enhance the properties of these composites-based products like low dielectric constant, high strength, easy processability, and enhance durability. Whereas, the uses of thermosetting polymer, composite plastics, and novolac derivatives also offer many structural and weight advantages over traditional steel and injection molded automotive parts.

Cyanate Ester Resins Market Segment Analysis – By End-Use Industry

The Defense & Aerospace segment is projected to witness a significant growth of 7.4% in the Cyanate Ester Resins Market during the forecast period. Cyanate ester resins are used as a functional material in the aerospace and defense industry. Cyanate Ester Resins are used in the internal and external parts of aircraft, missiles, rockets, and radars. Cyanate Ester Resins possess properties like lightweight, high strength, excellent performance in high temperature, and 3D moldability, that makes them highly suitable to use across various aerospace & defense application.

Cyanate Ester Resins Market Segment Analysis – By Geography

Asia-Pacific segment is projected to witness the highest CARG of 11.4% in the Cyanate Ester Resins Market during the forecast period. China, Japan, South Korea, and India are the major countries in the market. The increase in demand for electronic and energy needs and consumer applications are driving the market growth in this region.

Cyanate Ester Resins Market Drivers

Increasing Demand for Cyanate Ester Based Composite Material

Cyanate Ester Based Composite Material is excellent to work with, and are being widely used in several industry like aerospace, automotive, electric, and construction. Cyanate Ester Resins are used as additives to enhance the performance of composite plastic. Increasing demand for cyanate ester-based composite plastic across various industrial applications is driving the cyanate ester resin market. Cyanate Ester based composites have high strength, workability, better thermal conductivity & high-temperature resistance, better moldability, and resistance to chemicals, which makes them suitable to use in various applications like aerospace, defense hardware, satellites, space shuttles, automobile engine component, and wind turbines.

Superior properties of Cyanate ester resins and the growing demand for Light Weight Products drive the market growth

Cyanate ester resin provide good electric conductivity, provide high strength & high durability with lightweight and provide excellent strength. Due to these properties, Cyanate Ester Resins used for high-temperature composites plastic, thermosetting polymer, and novolac derivatives also drive the market growth and adhesive applications, which are lighter in weight but have high strength, and make them fuel efficient.

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Cyanate Ester Resins Market Challenges

Decline in the aviation industry and slow growth rate in automobile sales

The COVID-19 pandemic continues to unfold every day with a severe impact on people, communities, and businesses. The growth in several industries will be impacted significantly. The growing pandemic situation has led to the weakening demand for Cyanate Ester Resins due to a sharp decline in the aviation industry and slow growth rate in the automobile sales, which is hindering the growth of cyanate ester resin market.

Cyanate Ester Resins Market Landscape

Major players in the Cyanate Ester Resins Market are Tencate Advanced Composites, Zoltek, Argosy International Inc., Novoset, Esterline Technologies Corp., Lonza, Huntsman Corp., Cytec Solvay Group, Gurit Holding AG., Kuraray Co., Ltd., and among others.

Acquisitions/Technology Launches

In May 2020, Huntsman Corp. announced the acquisition of CVC Thermoset Specialties, a North American specialty chemical manufacturer serving the industrial composites, adhesives, and coatings markets. The acquisition will enhance Huntsman product portfolio of composite and adhesives used in a wide range of applications and markets.

Key Take away

North America is projected to witness the significant growth in the market due to the demand in aerospace and medical industry, especially in the United States.

Covid 19 has impacted the global aviation industry, which hampers the growth of Cyanate Ester Resins market.

The issue related to the recyclability, and re-moldability of cyanate ester resin is also deterring the market’s growth.

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

Contact Info:
Name: Venkat Reddy
Email: Send Email
Organization: IndustryARC
Phone: (+1) 970-236-3677
Website: https://www.industryarc.com/

Source URL: https://marketersmedia.com/cyanate-ester-resins-market-size-forecast-to-reach-42333-million-by-2026/89037172

Source: MarketersMedia

Release ID: 89037172