Rise in Adoption of UV Curable Inkjet Printer Has Accelerated the Growth of the Large Format Printer Market

Hyderabad, India – July 24, 2021 /MarketersMedia/ —

The global Large Format Printer Market is poised to reach $12.0 Billion by 2026, advancing at a CAGR of 3.3% during the forecast period 2021-2026. Large Format Printer is generally used to print banners, posters, wallpaper, vehicle wraps, trade show graphics, constructional plans and so on and is considered to be more economical than screen printing. The surge in demand for large format printing increases across various industries such as textiles, advertising and packaging industries and availability of wireless printing facilities provide consumers to print documents from any wireless device acts as the major drivers for the growth of Large Format Printer during the forecast period 2021-2026. Moreover the usage of UV-curable ink for large format printers to print images on board, glass and wood also accelerate the market growth. The growing popularity of Dye-Sublimation printing in event photography & photo booths also propels the market growth. In August 2020, Epson, a global provider of digital image and printing solution announced the launch of 24 inches dye-sublimation ink tank printer in India. It is designed to produce customized T-shirt, personalized awards and so on. Hence these factors drive the market during the forecast period 2021-2026.

Large Format Printer Market Segment Analysis – by Print Width

Large Format Printer with width ranging from 24” to 36”is analyzed to hold the highest share with a value of 32.2% in 2020, owing to usage in signage, CAD applications and so on. Printers with 24”-36” are technologically updated with a wide range of features such as high-speed printing, wireless printing from anywhere, inbuilt ram, compatibility with mobile devices and efficient ink cartridges. In October 2020, EPSON India announced the launch of 2 new SureColor P-Series printers 24” SureColor SC-P7530 and 44” SureColor SC-P9530, designed to capture every detail with amazing colors brilliance and accuracy. It is ideal for Photo, Fine Arts, Graphic Design and Proofing Applications.

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Large Format Printer Market Segment Analysis – by Application

By Application, the Large Format Printer Market is segmented into Apparel & Textile, Signage, Advertising, Décor and CAD as well as Technical Printing. Signage in Large Format Printer segment is growing at 28.2% in 2020 and is projected to witness fast growth during the forecast period 2021-2026, owing to the increasing usage for advertising and marketing. In May 2021, HP Inc announced the latest edition to its HP Stich Portfolio i.e. 126 HP Stich S1000 printer for soft signage and interior decorations. It is designed to provide high quality printing with greater versatility and smooth operation.

Large Format Printer Market Segment Analysis – By Geography

APAC dominated the Large Format Printer Market by a market share of more than 38% in 2020, owing to rise in use of large format printer for graphic printing, signage, textile printing and Computer aided design (CAD) as well as technical printing. APAC region is nerve center for textile industry. China and India are the largest exporters of textile in the world. As per Industry Arc recent studies, in 2019 China was the largest textile producing and exporting country in the world with a value of $119.8 Billion.Moreover, the emerging graphic printing, digital textile printing and advertising as well as marketing industry has been assessed as the key driver assisting the large format printer market growth during 2021-2026.

Large Format Printer Market Drivers

Increasing adoption of UV-curable Inkjet Printer

Rise in adoption of UV Curable Inkjet Printer has accelerated the growth of the Large Format Printer Market during the forecast period 2021-2026. UV Inkjet printer uses UV digital printing technology to transform a 2D digital image to a 3D object. It offers high quality images as well as improves productivity. UV-Curable Ink is used in printers and offer high speed,quick dry,low energy and environmentally friendly solution. It is widely used in variety of industries such as electronics, promotional, interior decoration and so on. With UV-Inkjet printer, direct printing is possible on resin, glass and metal.

Growing adoption of large format printer in vehicle wrap and home furnishing applications

Demand for digital print on curtains, wall hangings to cushions and bed covers is increasing, which accelerates the adoption of Large Format Printer for home décor applications. Large Format Printers are used to print high quality images quickly and accurately. Presently, Dye-Sublimation printers are used in home décor applications by production of more vibrant colors. In February 2020, Mimaki Engineering Co Ltd, a renowned manufacturer of industrial ink jet printer, plotter and 3D printer, announced the launch of Tx300P-1800MKII, a hybrid digital textile printer. It is designed with capabilities such Sublimation Transfer and expand the possibilities of new materials and applications drastically.

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Large Format Printer Market Landscape

The top companies in the Large Format Printer are Epson, Hewett Packard Inc, Roland DG Corporation, Mimaki Engineering Co Ltd, Agfa-Gevaert NV, Mutoh Holdings Co, Canon Inc, Ricoh Company Ltd, Konica Minolta and Xerox.

Key Takeaways

Large Format Printer with width ranging from 24” to 36”is analyzed to hold the highest share during the forecast period.

Signage is analyzed to hold highest share at 28.2% in 2020 and is projected to witness fast growth during the forecast period 2021-2026, owing to wide range of applications such as advertisement, warning signs and so on.

APAC dominated the Large Format Printer Market in 2020 with a share in excess of 38%, owing to emerging graphical industry.

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/large-format-printer-market-size-poised-to-reach-120-billion-by-2026/89038359

Source: MarketersMedia

Release ID: 89038359

Increasing Usage of Potash Ore in Fertilizers to Improve the Appearance of the Crop and Reduce the Incidence of Pests and Diseases Is Driving the Potash Ore Market

Hyderabad , India – July 24, 2021 /MarketersMedia/ —

Potash Ores Market size is forecast to reach US$ 1.5 billion by 2026, after growing at a CAGR of 3.2% during 2021-2026. Globally, the increasing demand for potash ores typically rich in potassium chloride (KCl), sodium chloride (NaCl) and other salts and clays, is driven by the growth of the fertilizer industry. The potash is an effective fertilizer intended for crop and plant nutrition. In addition, potash ores are the mixture of sylvite and halite, clays and iron staining, which are useful during the treatment of waste water, and contribute to the development of the market growth. Furthermore, rising R&D activities on potash as bio-fertilizers is projected to bring new opportunities for the potash ores industry to expand during the predicted period.

Potash Ores Market Segment Analysis – By Form

Muriate of Potash (MoP) segment holds the largest share in the potash ores market. Muriate of Potash (MoP), also known as potassium chloride, contains 60 percent potash. Potash is important for the growth and quality of plants. It plays a crucial function in the development of protein and sugar as well. Since muriate of potash (MoP) mixes well with most fertilizers and is easy to handle and store the demand for muriate of potash from the fertilizer industry is rising. It also defends against draught by preserving the water content of plants, which in turn is helpful for photosynthesis as leaf maintain their shape/strength.

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Potash Ores Market Segment Analysis – By Application

Fertilizer held the largest share in the potash ores market in 2020 and is projected to grow at a CAGR of 3.8% during the forecast period 2021-2026. Potash contains soluble potassium, which makes it an excellent addition to agricultural fertilizers. It ensures proper maturation in a plant by improving root strength, overall health, disease tolerance and yield rates. In addition, potash produces a better finished product, which enhances the colour, texture and taste of the food. There is no economically available substitute that adds as much potassium to soil as potash, rendering it invaluable for crops.

Potash Ores Market Segment Analysis – By End Use Industry

Agriculture segment held the largest share in the potash ores market in 2020. The necessity to engage in creative agricultural development techniques and to reduce the dependency on manual labor has fueled the market for potash ores globally. By far, most of the world’s potash production is often used in agriculture. Potash is important for agriculture because it improves the water retention, yield, nutritional value, flavor, texture, colour, and disease resistance of food crops. Potassium chloride is one of the main plant nutrients and, as such, must be added to all intensive agricultural soils in relatively significant quantities for high crop production.

Potash Ores Market Segment Analysis – Geography

Asia Pacific held the largest share with 38% in potash ores market in 2020. Development of the fertilizer industry is one of the key factors driving the demand for potash ores in this region. With the growing production and demand for potassium and phosphate fertilizers in emerging economies such as China, India, and Japan, the demand for potash ores is anticipated to increase in the forecast period.

Potash Ores Market Drivers

Increasing Demand for Potash Ores in Food and Beverages

The food sector uses potash as a general additive (potassium carbonate). It is often used as a food seasoning source. The brewing of beer is also done using potash. In German baked goods early potash was once used. It has similar properties to baking soda and was used to strengthen recipes like gingerbread or baked food. According to the U.S. Food and Drug Administration (FDA) it is verified that potassium chloride is generally recognized as healthy, as a multipurpose ingredient in foods without limitations other than the existing good manufacturing practice, which means that food producer can use potash ingredient on the appropriate levels in order to achieve its technical impact in the foodstuff.

Growing Demand from the Glass Industry

Potash is much denser than soda-lime glass; it moves more easily from molten to rigid state and is thus harder to treat in elaborate form. But it’s harder and more brilliant and provides decorative methods like facet cutting and graving copper wheeling. Also, the use of stabilizers makes the glass strong and water resistant. With the fusing mixture of potassium carbonate, calcium carbonate and silica potash glass is formed. Potash glass has a higher point of fusion and can resist higher temperatures.

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Potash Ores Market Challenges

Environmental Effects from Potash Mining

The operations of the phosphate rock and potash mining industry theoretically result in a wide spectrum of adverse environmental consequences. Environmental issues that are influenced by mining operations are grouped under air, water and land. Air quality can be impaired by pollutants of dust, exhaust particles and exhaust gasses such as carbon dioxide (CO2), carbon monoxide (CO), nitrogen oxides (NOx) and sulfur oxides (SOx), and volatile organic compounds (VOCs) from fueling and workshop activities and methane from some geological strata.

Potash Ores Market Landscape

Major players in the potash ores market are K+S GmbH, Agrium Inc., BHP Billiton Ltd., PotashCorp, EuroChem, Elementals Minerals Limited, Encanto Potash Corp., Intrepid Potash, Mining Associates, and Uralkali among others.

Key Takeaways

APAC region dominated the potash ores market due to the increasing demand for potash ores typically composed of sylvite and halite, from various end use industries owing to the expected decrease in crop prices and the residual effect of nutrient applications contributing to a drop in consumption.

Increasing usage of potash ore in fertilizers to improve the appearance of the crop and reduce the incidence of pests and diseases is henceforth driving the potash ore market development.

The need to participate in innovative agricultural production strategies and to reduce the dependency on manual labor has fueled the market for potash ores globally.

Rising environmental concern with the effects of potash mining will hamper the growth of the potash ore market growth over the forecast period.

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/potash-ores-market-size-forecast-to-reach-us15-billion-by-2026/89037518

Source: MarketersMedia

Release ID: 89037518

Increasing Demand for Terahertz Technology in Medical Sector Driving the Growth of Terahertz Market

Hyderabad, India – July 24, 2021 /MarketersMedia/ —

The Global Terahertz Market size is forecast to reach $ 1701.34 million by 2026, growing at a CAGR of 28% from 2021 to 2026. The growth of Terahertz market is attributed to applications of terahertz submillimeter radiation in fields such as spectroscopy, photovoltaic, medicine, pharmacy, quality assurance, dentistry, communication, and astronomy. Additionally, increasing applications of terahertz in cancer treatment and increasing adoption of terahertz spectroscopy in food inspection industries for quality check are also the contributing factors for the growth of the market.

Terahertz Market Segment Analysis -By System Type

System based on imaging held the highest market share in 2020 with market revenue of around 130.5 million. This system includes imaging by Canning, incoherent imaging and others. Deployment of such systems in food& beverages, healthcare, biomedical and others uplifts the market growth.

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Terahertz Market Segment Analysis -By Application Type

Industrial NDT segment held the highest market share in 2020 with market revenue of around 128.9 million. Terahertz-based non-destructive quality inspection is becoming increasingly common, especially in the automotive and aviation industries. Terahertz waves is used for non-destructive testing to examine multi-layered systems and can help detect anomalies such as foreign material inclusions, heat injury, mechanical impact damage, and water or hydraulic fluid ingress. Increased use of terahertz technology in these sectors has propelled the market growth.

Terahertz Market Segment Analysis – Geography

The region of Americas held the highest market share in 2020 with market revenue of around 145.37 million. Market growth is attributed to significant R&D investments in this region within the sectors including military and defense, automotive and others. Rising investments in the military have created demand for sophisticated surveillance applications, including terahertz sensors, alarms, explosives detection imaging devices, bombs, biochemicals, and others. Consequently, increased deployment of terahertz technology in these sectors is set to enhance the growth of market. According to Stockholm international research peace research institute (SIPRI), the military expenditure in the U.S. has been increased from $669.44 billion in 2016 to $731.75 billion in 2019. Moreover, APAC region is anticipated to witness significant market growth with CAGR 30.9% during the forecast period 2021-2026.

Terahertz Market Drivers

Rising demand from semiconductor industry

The key factor driving the market’s growth is technical innovation in the emerging semiconductor industry. Semiconductors are the brains of contemporary electronics, allowing cutting-edge innovations in fields such as healthcare, networking, computing, and transportation, among many others. For instance, EOTPR, or electro-optical terahertz pulse reflectometry, is an ultra-fast laser source-driven electro-optical device that has successfully applied terahertz to microelectronics in fault isolation and defect detection. In February 2021, the Semiconductor Industry Association (SIA) announced the global semiconductor industry sales were $439.0 billion in 2020, an increase of 6.5% compared to the 2019 total of $412.3 billion. Thus the growth in the market of Semiconductor tends to drive the market of Terahertz owing to its applications.

Increasing Demand for Terahertz Technology in Medical Sector

High demand in research laboratories and process control monitoring processes, as well as growing application of high-end terahertz instruments in biology and medical science, are some of the factors driving market development. Terahertz has a lot of upside in biomedical research owing to its special features like non-invasive and label-free living cell recognition and medical imaging. Terahertz technology is widely used for blood cell detection, cancer cell characterization, bacterial identification, and biological tissue discrimination that are increasing the growth of terahertz market.

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Terahertz Market Challenges

Increasing deployment of alternative technologies

Alternative technologies such as new-infrared (NIR) imaging have been developed for surveillance and defense applications. This alternative technique uses simple, low-cost electronics and is more compact and user-friendly than terahertz technology, which is restricting the terahertz market’s expansion.

Terahertz Market Landscape

As of 2020, the market for Terahertz market is consolidated with the top players including Advanced Photonix, Inc., Menlo Systems GmbH, Microtech Instruments, Inc., TeraView Limited, Toptica Photonics AG, Digital Barriers PLC, Advantest Corporation, Acal PLC, TeraSense Inc., Applied Research & Photonics Inc. and among others.

Acquisitions/Technology Launches/Partnerships

In March 2020, Digital Barriers PLC launched remote fever screening solution to help safeguard frontline workers with a highly effective means of quickly identifying staff and customers who show sign of an infection,minimizing transmission securities.

In November 2019, TeraView, announced the launch of its latest high performance terahertz system, the TeraPulse Lx. The system is portable and positionable for imaging a variety of objects, and provides large area scanning (30 cm x 30 cm) with a unique auto-focus capability to ensure that contrast and resolution are maximised in images

Key Takeaways

Rising investments in the healthcare sector along with growing implementation of Terahertz for blood cell detection, cancer cell characterization, bacterial identification, biological tissue discrimination and others are anticipated to open up new opportunities for market growth.

In the U.S, increased adoption of terahertz technology has changed the manufacturing scenario in the America region, thus propelling the market growth.

Key companies such as RaySecur Inc. (U.S), Lumitron Technologies (U.S) and many others has developed a new advanced terahertz technology such as MailSecur, Micro-radar & algorithms for the security purpose that increases the demand for terahertz 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/terahertz-market-size-forecast-to-reach-170134-million-by-2026/89037526

Source: MarketersMedia

Release ID: 89037526

Rising Investments for Infrastructure Development Driving the Growth of Anti-Corrosion Coating Market.

Hyderabad, India – July 24, 2021 /MarketersMedia/ —

Anti-Corrosion Coating market size is forecast to reach $24.7 billion by 2026, after growing at a CAGR of 5.5% during 2021-2026. Anti-corrosion coatings are used to protect metal/alloys from natural degradation caused by different corrosive agents such as moisture, chemicals, salt, and others. They act as a barrier between the surface and the corrosion agent, and prolong the life of the structure as well as enhances its efficiency and aesthetic value. As anticorrosion coatings are extensively used in the oil & gas industry for coating various equipment’s including oil storage tanks, drill bits, and drill pipes, the growth in the oil & gas industry will drive anticorrosion coatings market growth. The growth in automotive production will drive anticorrosion coatings demand. For instance, according to International Energy Agency, in 2018, 3.29 million electric vehicles deployed globally, and the number will increase up to 125 million by 2030. Whereas, the growing demand of Chlorinated Rubber, Epoxy coating, and Polyurethane-alkyd resin coatings due to growing use for maintenance paints, traffic marking, swimming pool paint, adhesives, and fire retardants further drive the growth.

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Anti-Corrosion Coating Market Segment Analysis – By Application

Oil & Gas is the dominant application for anticorrosion coatings market and is anticipated to grow at a CAGR of 3.86% through the forecast period. In the oil & gas industry, corrosion in the pipelines or storage system due to reactive chemicals or organic salt in the oil can eventually cause a loss of containment of process fluids or can lead to a serious accident affecting workers, the environment, and the economy. Therefore, to reduce the risk of corrosion and safeguard the equipment containing crude oil and protect the whole refinery process, anticorrosion coatings like Epoxy coating and Polyurethane-alkyd resin-based coatings are widely used in this industry.

Anti-Corrosion Coating Market Segment Analysis – By Geography

APAC dominated the anti-corrosion coatings market with a share of approximately 56% in 2019, owning to growing investments in the infrastructure and construction industry in emerging countries such as China, India, and Japan. In 2019, China approved to invest $142 billion in 26 infrastructure projects. In addition, according to India Brand Equity Foundation, India plans to spend US$ 1.4 trillion on infrastructure in the next five years. Therefore, the growth in infrastructure projects is driving anticorrosion coatings demand in the region. Furthermore, the growing investment in road safety,

Anti-Corrosion Coating Market – Drivers

Rising investments for infrastructure development

Anti-corrosion coatings are extensively used in the iron pillars of the building, which reduces the risk of damage caused by rusting or corrosion, as well as it is also used as roof-top coating preventing any reaction from the atmospheric pollutants. A surge in economic losses owning to corrosion of structure has increased the usage of anticorrosion coatings in the construction and infrastructure sector. In addition, the investment in infrastructure development is significantly increasing which is driving anti-corrosion coatings market growth. For instance, in 2019, China government invested 1.9 billion on 13 public housing projects.

Growth in automotive and aerospace industry

According to International Trade Administration (ITA), China is the world’s largest vehicle market. The Chinese government is expecting that automobile output will reach 35 million by 2025. According to China Association of Automobile Manufacturers, over 27 million vehicles were sold in 2018. In 2017, according to International Trade Administration (ITA), 1.2 million new passenger cars, SUVs, and commercial vehicles were sold in the Australian market an increase of 0.9% from 2016. According to OICA in 2018, global light commercial vehicles production increased from 19,482,394 to 20, 635,799 i.e., 5.9% from 2017. In addition, according to Boeing, 44,000 new jetliners are required over the next two decades owing to a rise in passenger traffic, which is expected to grow at an average annual rate of 4.6% over the next 20 years.

Growing demand for durable and wear-resistant metals

Globally, large investments are being made in the development of metals products for infrastructure and vehicles, energy production and machinery, building materials, and even consumer products. These investments are fuelled by the need to develop metals that are durable, stronger, and wear-resistant throughout their use. Anti-corrosion coatings protect metal or other surfaces from natural degradation caused by different corrosive agents such as moisture, chemicals, and salt. Globally, corrosion causes huge financial losses in a large number of industries.

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Anti-Corrosion Coating Market Landscape

Major players in the Anti-Corrosion Coating market are BASF SE, Hempel A/S, PPG Industries, Kansai Paint Co., Ltd., Jotun, Axalta Coating Systems, AkzoNobel N.V., The Sherwin-Williams Company, RPM International Inc., and Nippon Paint Holdings Co., Ltd., among others

Key Takeaways

APAC dominated the anticorrosion coatings market with a share of approximately 56% in 2020, owing to growing investments in the infrastructure and construction industry in emerging countries such as China, India, and Japan.

In oil & gas industry, corrosion in the pipelines or storage system due to reactive chemicals or organic salt in the oil can eventually cause a loss of containment of process fluids or can lead to serious accident affecting workers, environment and economy. Therefore, to reduce the risk of corrosion and safe guard the equipment containing crude oil and protect the whole refinery process, anticorrosion coatings are widely used in this industry.

Waterborne technology is gaining popularity, as it possesses low levels of volatile organic compounds (VOCs) and hazardous air pollutants (HAPs).

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/anti-corrosion-coating-market-size-forecast-to-reach-247-billion-by-2026/89038363

Source: MarketersMedia

Release ID: 89038363

An Increase in Automated Embedded Devices Is Expected To Spur the Growth of the Display Market

Hyderabad, India – July 24, 2021 /MarketersMedia/ —

The Display Market size is forecast to reach $166.4 billion by 2026, growing at a CAGR of 4.2% from 2021 to 2026. The Display market is estimated to witness substantial growth over the forecast period primarily due to the growing demand of Displays in medical, automation, industrial, wearable, and other sectors. Displays are fast in executing a color and organic Light Emitting Diode and Liquid Crystal Display display interfaces, with features such as touch screen as well as non – touch screen along with smart graphical user interface. It comprises of hardware and software, the compatibility of Displays depends on Embedded software.

Display Market Segment Analysis – By Technology

The market is segmented by Technology into Liquid Crystal Display, LED, Organic Light Emitting Diode and others. The High pixel-pitch, brightness, enhanced efficiency, high light intensity, enhanced power efficiency, long lifespan and high scalability makes LED technology much more acceptable and is expected to propel the market growth. In the forecast period 2021 – 2026 LED displays are expected to set significant and fastest growth in Display market at 5.9% due to increase in adoption of Display in automotive sector and medical sector where LED Displays are being used more.

Display Market Segment Analysis – By Device Type

The fixed device is expected to hold largest market share in the forecast period at 66%. Its affordable price, high scalability, longer life, contrast and pixel resolution and more, makes fixed device to be accepted more into the market than portable devices.

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Display Market Segment Analysis – By Geography

Display market is dominated by APAC at 39% share in 2020 followed by Europe. The Research and development activities at the industry-level in North America is continuously rising and making rapid advancement in automated embedded device technology which is increasing the adoption rate of Display devices in healthcare, automotive, industrial sectors, defence and others. The presence of large number of end device manufacturers in APAC is also expected to spur the market.

Display market Drivers

Increase in use automated equipment

Different sectors are adopting automated equipment for different purposes, this adoptions has a great impact on Displays which are available in high efficiency at low cost and is expected to enhance the market growth. The embedded devices are extensively used as they provide long lifespan and high scalability along with high intensity, brightness and more. The factors such as affordable price, efficient brightness, and longer life boost the organic light emitting diode and liquid crystal Display market and are set to have fastest growth in the market during the forecast period. The higher adoption rate of Displays by medical, education, automotive sectors is expected to spur the market growth.

Increase in adoption of Display in 3D systems

The use of Displays in 3D systems is also one of the drivers enhancing the market growth. The rapid development in advanced technologies in Displays enables the user to use it for the 3 system. Consumer, industrial, medical, automotive and other sectors use 3D systems which requires Displays for projecting the dimensions and this factor is expected to set significant growth into the market.

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Display market Challenges

Increase in adoption of widescreen display

For the past few years entertainment, educational, commercial and other sectors are considering the use of widescreen displays. These displays provide wider screen than the normal display. The projectors which are used for widescreen displays are offered in affordable price with high definition which makes widescreen display as an alternative of the Displays and becomes one of the major challenges for Display market.

Display Market Landscape

The Display market is dominated by major companies such as Microsoft Corporation, Eaton Corporation, Green Hills Software Inc., Intel Corporation, Anders DX, Avnet Inc., Planar Systems, EDT, and Ansys.

Acquisitions/Technology Launches/Partnerships

In May 2020, Planar Introduced Planar FX Series a high brightness LED displays for Indoor and outdoor applications.

In March 2020, Ansys announced a partnership with Physical Optics Corporation for the development of avionics for military aircraft of US. The partnership aimed to accelerate their products certification and development by integrating new functionality at a much lower cost and enabling a faster path to market.

Key Takeaways

The Display market is estimated to witness substantial growth over the forecast period primarily due to an increase in adoption of Display by automation, medical, wearable, and other sectors.

Due to high efficiency, longer life, high intensity, high pixel-pitch and brightness LED technology in Display is expected to have substantial growth over the forecasted period.

Rise in adoption of automated embedded devices in the market has a great impact for the market growth of Displays. The high quality display at low cost makes the Displays propel into the market.

It is observed that in the recent past research and development activities for Displays in North America are rising, thus creating a market for Display as this has a great impact on adoption by medical, automation and other sector.

Display market is dominated by APAC followed by Europe. APAC region is also considered to have the fastest growth due to increase in automation and other sectors by the countries like India, China 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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Source URL: https://marketersmedia.com/display-market-size-forecast-to-reach-1664-billion-by-2026/89037522

Source: MarketersMedia

Release ID: 89037522

Increasing Demand for Power Generation Driving the Growth of Corrosion Monitoring Market.

Hyderabad, India – July 24, 2021 /MarketersMedia/ —

Corrosion Monitoring Market size is estimated to reach $3.1 billion by 2026 at a CAGR 8.5% during the forecast period 2021-2026. The growth of Corrosion Monitoring Market is majorly attributed to increasing investments in inspection and continuous monitoring techniques for gaining real-time insights about the operational conditions of high-value assets including equipment component, process units, structures and facilities to mitigate accidental risks in harsh operating environment. Increasing adoption of corrosion monitoring techniques such as corrosion coupons, electrical resistance, galvanic monitoring in oil & gas, petrochemical, power generation and other process-intensive industries for checking aging equipment and corrosion prone infrastructure to increase efficiency, reduce replacement costs, equipment downtime and operational risk is analyzed to augment the Corrosion Monitoring Market during 2021-2026.

Corrosion Monitoring Market Segment Analysis – By Technique

By technique, Corrosion Monitoring is segmented under Corrosion coupons, Electrical Resistance, Linear Polarization Resistance, Galvanic monitoring, Ultrasonic thickness measurement, Biological monitoring, Hydrogen penetration monitoring and others. Corrosion Coupons dominated the market in 2020 acquiring a share of 16.5% and is estimated to dominate the market during 2021-2026 with a CAGR 6.9% due to the rising demand of this cost-effective predictive maintenance tool against premature degradation of assets extending the life of material. In April 2021 Qatar Foundation, Research, Development and Innovation announced to develop a smarter version of corrosion coupons embedded sensor to monitor the integrity in pipelines. Such developments are anticipated to steer the market between 2021 and 2026.

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Corrosion Monitoring Market Segment Analysis – By Industry Vertical

By industry vertical, Corrosion Monitoring Market is segmented under Oil & gas, Petrochemical, Power, Utility, Mining, Construction, Chemical, Pharmaceutical, Food & Beverages and Others. Oil & Gas held the largest market share in 2020 and is estimated to witness low growth with a CAGR 3.3% during 2021-2026 due to increasing demand for Corrosion Monitoring systems to modernize and upgrade aging infrastructure and components through continuous monitoring and predictive maintenance tools for optimizing plant efficiency and productivity, reducing unanticipated downtime and equipment failure, lowering maintenance costs while minimizing operational risks. Corrosion monitoring system is adopted in areas including transport pipeline, chemical injection system, flow line, vessels, drilling mud system, gathering system, water injection facilities where the probability of accidental risks are very high. Power generation sector is anticipated to be the fastest growing market with a CAGR 10.0% due to unprecedented upsurge in electricity supply accelerated by heavy industrialization and urbanization.

Corrosion Monitoring Market Segment Analysis – By Geography

By Geography, Corrosion Monitoring market is segmented under North America, Europe, APAC, South America and RoW. APAC dominated the market in 2020 acquiring a share of 36.5% and is estimated to account for the largest market share with the fastest growing CAGR 9.9% during the forecast period 2021-2026 owing to the emerging economy and rising investments towards maintenance and monitoring of ageing infrastructure to control accidental risks. South-east Asia is estimated to be the hot-zone for establishing manufacturing hubs during 2021-2026 and thus contributing to the growth of the market. In April 2021, China announced US$ 400 billion strategic and economic partnership agreement with China to strengthen petrochemical and oil & gas sectors. Such partnerships are anticipated to boost the market growth from 2021 to 2026.

Corrosion Monitoring Market Drivers

Increasing demand for power generation

Increasing penetration of industry 4.0 and rapid urbanization have accelerated the demand for continuous electricity supply and thus boosting the market growth. Rising demand for continuous monitoring of aging infrastructure for optimizing electricity efficiency reducing losses has contributed to the growth of the market. The rapid technological advancements such as supervisory control and data acquisition (SCADA) systems with the rising developments of smart sensors is analyzed to significantly trigger the market growth.

Rising awareness to mitigate corrosion related accidents in oil & gas industries

Increasing demand for Corrosion Monitoring systems in oil & gas refineries to reduce or mitigate accidental risks due to pipelines or storage tank failure is driving the market. Increasing integration of IoTs with corrosion monitoring techniques to increase productivity reducing downtime has contributed to the growth of the market. Rising adoption of several sensor devices incorporated onto data acquisition system leveraging wireless communication to provide unisons among all associated systems for gathering real time in-situ information about components vulnerable to corrosion is propelling the growth of the market.

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Corrosion Monitoring Market Landscape
Corrosion Monitoring top 10 companies include Intertek Group PLC, SGS S.A., Applied Corrosion Monitoring Ltd., BAC Corrosion Control Ltd., Parmasense Ltd., ICORR Technologies, Rysco Corrosion Services, Pyramid Technical Services, Corrpro Companies Inc., Korosi Specindo among others.

Key Takeaways

APAC is estimated to dominate the market during 2021-2026 owing to emerging economy and high investments in up-gradation of ageing infrastructure through continuous monitoring.

Increasing demand for power generation and increasing awareness about mitigating accidental risks in oil & gas industries are augmenting the market.

Corrosion coupon segment is analyzed to dominate the market during the forecast period 2021-2026 owing to cost efficient solutions.

Oil & gas is anticipated to dominate the market between 2021 and 2026 owing to rising demand of corrosion monitoring solutions for wide range of applications where accidental safety is highly significant.

High capital expenditure is one of the challenges impeding the market 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.

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Source URL: https://marketersmedia.com/corrosion-monitoring-market-size-estimated-to-reach-31-billion-by-2026/89038330

Source: MarketersMedia

Release ID: 89038330

Increasing Adoption of Smart Sensors in Smart Utility Driving the Growth of Digital Temperature and Humidity Sensor Market.

Hyderabad, India – July 24, 2021 /MarketersMedia/ —

Digital Temperature and Humidity Sensor Market size is estimated to reach $4.3 billion by 2026 at a CAGR of 9.9% during the forecast period 2021-2026. The growth of digital temperature and humidity sensor market is majorly attributed to the rising demand for integrated surface mount technology humidity and temperature sensors to provide high accuracy measurements with low power requirement in order to simplify asset monitoring solutions preventing from premature equipment failure. Increasing penetration of digitalization in sensing technology is estimated to drive Digital Microelectromechanical systems (MEMS) Temperature and Humidity Sensor Market. The burgeoning demand for advanced electronics products for consumer electronics including smartphones, smart wears or smart home applications is significantly triggering the market. Presence of temperature and humidity sensors integrated with heating, ventilation air conditioning (HVAC) system in autonomous cars or electric vehicles are also contributing to the digital temperature and humidity sensor market growth.

Digital Temperature and Humidity Sensor Market Segment Analysis – By Application

By application in Digital Temperature and Humidity Sensor, Smart home applications are estimated to witness significant growth due to rising demand for consumer electronics and increasing penetration of smart home appliances to control residential HVAC system. In February 2021, Leeds City Council announced to deploy IoT sensors including temperature and humidity leveraging smart home solutions. Such initiatives are set to drive the market from 2021 to 2026.

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Digital Temperature and Humidity Sensor Market Segment Analysis – By End User

By end user Industrial sector is estimated to account for the largest market share at 14.5% during 2021-2026. Among industrial sector, Automotive is analysed to witness a significant growth between 2021 and 2026 due to the rising demand for powertrain, body electronics and alternative fuel vehicle. Utility sector is estimated to witness the highest growth with a CAGR of 12.9% during 2021-2026 due to increasing demand for real-time thermal monitoring of mission critical applications to optimize performance and efficiency. In December 2020, Hitachi ABB Power Grids developed a fully integrated 220 kV substation with advanced power system management and equipment monitoring system to fulfil the unprecedented upsurge in electricity in Dublin. Such developments are estimated to significantly trigger the market growth during the forecast period 2021-2026

Digital Temperature and Humidity Sensor Market Segment Analysis – By Geography

By Geography, Digital Temperature and Humidity Sensor market is segmented under North America, Europe, APAC, South America and RoW. APAC is estimated to be the fastest growing market with a CAGR of 11.5% owing to heavy industrialization and transition towards digitalization. According to reports by Northeast Group, in October 2020, South-east Asia declared to invest USD 25.9 billion in smart grid infrastructure over the next decade to accelerate smart metering, grid automation for enhancing the developments in utility sector and such government initiatives are set to drive the market. North America is estimated to hold a significant amount of market share at 37.1% during the forecast period 2021-2026 owing to high government investments in smart grid infrastructure and continuous up-gradation of existing infrastructure towards latest technology.

Digital Temperature and Humidity Sensor Market Drivers

Increasing demand for IoT sensors in Automotive Vehicles

Increasing adoption of autonomous cars and electric vehicles is set to drive the market during the forecast period 2021-2026. Rising demand for intelligent sensors in automotive sector enabling data conversion, digital processing to create a robust thermal management solution ensuring safety of critical applications is propelling the market. Growing demand for faster data processing and instantaneous reliable decision making to simplify asset monitoring solution with minimum human intervention is analyzed to significantly trigger the growth of the market during 2021-2026. In February 2021, Angila announced the partnership with Sensirion AG to provide digital microsensors serving wide range of industrial applications for IoT sensing applications. Such partnerships are steering the market.

Increasing adoption of smart sensors in smart utility

Increasing convergence of utility sector with digitalization to deliver an intelligent digital grid management system has contributed to the growth of the market. Growing demand for deployment of Advanced Metering Infrastructure (AMI) and Distribution Automation (DA) has significantly triggered the market. Increasing penetration of smart sensors in utility sector enabling transmission of data and communication with external devices to optimize power generation, transmission and distribution is poised to drive the market. Massive and quick adoption of smart meters for smart home applications is also set to steer the digital temperature and humidity market.

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Digital Temperature and Humidity Sensor Market Landscape

Digital Temperature and Humidity Sensor top 10 companies include Robert Bosch GmbH, Honeywell International, Inc., Continental Ag, Delphi Automotive PLC, NXP Semiconductor N.V., Texas Instruments, Inc., Sensata Technologies, Inc., Analog Devices, Inc., Sensirion AG, Melexis NV among others.

Key Takeaways

APAC is estimated to be the fastest growing market during 2021-2026 with a CAGR of 11.5% owing to high investments in industrialization and digitalization.
Among industrial sectors, Utility sector is analyzed to be the fastest growing
market with a CAGR of 12.1% due to increasing penetration of smart utility leveraging real-time monitoring platform. Consumer sector is estimated to witness the highest growth due to burgeoning demand for advanced electronic devices for smart home applications.

Increasing demand for IoT sensors in automotive sector and increasing penetration of smart utility are driving the market.

High capital expenditure is one of the challenges impeding the market 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.

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Source URL: https://marketersmedia.com/digital-temperature-and-humidity-sensor-market-size-estimated-to-reach-43-billion-by-2026/89038335

Source: MarketersMedia

Release ID: 89038335

Growing Demand for Quick and Secure Digital Transaction Driving the Growth of Digital Security Control Market.

Hyderabad, India – July 24, 2021 /MarketersMedia/ —

Digital Security Control Market size is estimated to reach $19.6 billion by 2026 at a CAGR of 11.5% during the forecast period 2021-2026. Digital Security Control Market growth is majorly attributed to the rising demand for electronic security management solutions among enterprises to protect their digital or physical identification and assets by offering control panel, intrusion alarm system, anti-phishing software graphic annunciator panel or biometric technology in the world of digitalization. The alarming growth in number of multi-vector DDoS attacks such as network time protocol (NTP) amplification attack, memcached DDoS attack overwhelming the victim’s server or network surveillance with flood of traffic to exhaust the target’s resources to create a denial of service is steering the Digital Security Control Market. Increasing penetration of IoTs, embedded electronics, and related digital age technologies such as Artificial intelligence, Big Data, Machine Learning is accelerating the need for enterprise security and access control to provide secured access to digital assets. The increasing adoption of online transactions and transition from magnetic strips to Europay, Mastercard and Visa (EMV) have significantly triggered the demand for real-time Digital Security Control platforms.

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Digital Security Control Market Segment Analysis – By End User

Industrial sector is anticipated to account for the largest market share of 15.8% during 2021-2026 due to rising demand for verifying users to protect against sophisticated cyber-attacks. Among industrial sectors, BFSI sector is estimated to hold the major market share with a CAGR of 12.5% during the forecast period 2021-2026 owing to increasing demand for validating and verifying users to facilitate digital banking solutions. Increasing number of data breaches and sophisticated cyber-attacks have contributed to the growth of the market. Increasing penetration of remote workforce and BYOD trend are anticipated to boost the market. Retail and e-commerce is analyzed to be the fastest growing market with a CAGR 14.0% owing to growing demand for authenticating users to protect their financial information by leveraging biometric solutions to enhance consumer experience. For instance, in January 2021, South Korean bank Daegu bank announced to open checking and saving accounts through fully digital process by leveraging Facephi’s facial recognition software. Such developments are anticipated to propel the market growth during 2021-2026.

Digital Security Control Market Segment Analysis – By Geography

By geography, Digital Security Control Market has been segmented under North America, Europe, APAC, South America and RoW. North America dominated the market acquiring a share of 41.6% in 2020 and is estimated to hold the major market share with a CAGR of 8.8% during 2021-2026 APAC is estimated to be the fastest growing market during the forecast period with a CAGR 12.1% owing to the shift towards digitalization and growing demand for prevention of digital forgery and cyber-crime. For instance, from December 2020 onwards, Singapore citizens can use facial recognition authentication to access online Government services. In December 2020, Malaysia based eKYC firm Wise AI announced to raise a fund of undisclosed amount to expand the digital identity solution based on face recognition technology in South-East Asia. Such developments and investments are analysed to drive the market during 2021-2026 in this region.

Digital Security Control Market Drivers

Growing demand for quick and secure digital transaction

Increasing convergence of BFSI sector with digitalization to deliver reliable, secure and seamless services to achieve enhanced customer experience is estimated to drive the market during the forecast period 2021-2026. Increasing security concern among the banks and the consumers regarding information leakage or false data injection has significantly triggered the growth of the market. In October, 2020 Elco Federal Credit Union announced to deploy Enacomm passive biometric voice recognition technology for a personalized and intelligent customer interaction to verify and validate their users. Such developments are set to drive the market during 2021-2026.

Increasing adoption of Biometric System for forgery prevention

Increasing penetration of biometric authentication using biological characteristics including face recognition, fingerprint authentication to verify and validate users’ identity to prevent cyber-crimes such as identity theft, data breaches are set to drive the market during the forecast period 2021-2026. Growing demand for behavioral biometric pattern analysis in online baking, e-commerce sector has contributed to the growth of Digital Security Control market. With the advancements in biometric authentication such as development of gait recognition, mouse biometrics, keystroke dynamics the demand for Digital Security Control is analyzed to gain a huge traction during 2021-2026.

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Digital Security Control Market Landscape

Digital Security Control top 10 companies include Safenet Inc., BioCatch Ltd., NEC Corporation, Gemalto NV, Aware Inc., Equifax Inc., Truststamp Inc., Fireeye Inc., RSA Security LLC, Oberthur Technologies among others.

Key Takeaways

Smart cards are analyzed to dominate the market during 2021-2026 due to increasing adoption of digital transaction.

BFSI sector is estimated to hold the largest growth rate with a CAGR of 12.5% during the forecast period 2021-2026 due to rapid penetration of digitalization in this sector and massive adoption of digital payment techniques.

North America is estimated to dominate the market with a share of 41.6% during 2021-2026 owing to high investments towards advanced security platforms.

Increasing penetration of digital banking and rising penetration of biometric system globally to prevent forgery are estimated to drive the market between 2021 and 2026.

Biometric data security issues is one of the challenges impeding the growth of the 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-security-control-market-size-estimated-to-reach-196-billion-by-2026/89038347

Source: MarketersMedia

Release ID: 89038347

Increasing Disposable Income Coupled With Changing Lifestyle of the People Is Set To Further Enhance the Overall Market Development of the Pulse Ingredients Market

Hyderabad, India – July 24, 2021 /MarketersMedia/ —

Pulse Ingredients Market size is forecast to reach $24.3 billion by 2026, growing at a CAGR of 4.0% during the forecast period 2021-2026. Pulses are the edible seeds of plants that belong to the legume family. Pulses develop in pods that vary in form, scale, and color. They are high in protein and soluble fibre, as well as being low in fat. It also helps in the reduction of cholesterol and the regulation of blood sugar levels. Pulse ingredients are rich in vitamin and minerals such as zinc, iron and magnesium which gives health benefits. Pulse ingredients are sourced from lentils, chickpeas, and peas. Pulse ingredients are used in various food products such as soups, sauces, bakery products, meals, snacks and confectionery products. It is available in different types such as flour, protein and fiber.

Pulse Ingredients Market Segment Analysis – By Source

Chickpeas held the largest share in the Pulse Ingredients Market in 2020 and is estimated to grow at a CAGR 4.4% during the forecast period 2021-2026. Peas contain minerals such as iron, zinc, magnesium, and phosphorus, which help in the promotion of good health. Because of their high fiber content, they are also considered to help in the reduction of cholesterol and the maintenance of blood sugar levels. Pea-derived foods, such as pea starches, pea proteins, and pea flours, are used as primary ingredients in a variety of items, including baked goods, sauces, soups and other food products. Chickpeas are estimated to register the higher CAGR over the period 2021-2026.

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Pulse Ingredients Market Segment Analysis – By Application

Food & Beverages held the largest share in the Pulse Ingredients Market in 2020 and is estimated to grow at a CAGR 4.9% during the forecast period 2021-2026. Pulse ingredients are commonly used in food products dairy products, confectionary products and others. The food and beverage industry is expanding in Asia region owing to consumers’ growing demand for food items with health benefits and their adaptation to an urbanized lifestyle. Food & Beverages are estimated to register the higher CAGR over the period 2021-2026.

Pulse Ingredients Market Segment Analysis – By Geography

Asia-Pacific dominated the Pulse Ingredients Market with a major share of 38.0% in 2020. This is attributed to growing demand for plant based food products owing to health benefits in this region. Furthermore, growing urbanization, increasing production of pulse in countries such as India and China are contributing to the growth of the market in this region. According to, India Pulse and Grain Association (IPGA), in 2019, around 75% chickpea and 38% of lentils are produced in India. However, North America is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to the rising demand for confectionery food products owing to busy lifestyle and rising disposable income of the people. Increasing awareness of protein food product is also increasing the growth of the market in this region.

Pulse Ingredients Market Drivers

Increasing Demand for Natural Ingredient

Increasing demand for natural ingredient and clean label food products is increasing the growth of the Pulse Ingredients Market. Pulse ingredients are highly rich in vitamins and minerals, hence consumers are shifting towards natural and organic ingredients in their diet. Furthermore, there is an increasing need for gluten-free natural ingredients as people become more health-conscious. As a result, the Pulse Ingredients Market will expand during the forecast period 2021-2026.
Growing Preference of Consumers Towards Protein Rich Food Products
Increasing consumer preference towards protein rich food products is increasing the growth of the Pulse Ingredients Market. Growing demand for pulse derived ingredients such as pea flour, pea starch, Pea protein owing to health benefits offered by this ingredients as it contain high amount of protein content. Thus, increasing the growth of the Pulse Ingredients Market during the forecast period 2021-2026.

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Pulse Ingredients Market Challenges

High Cost of Pulse Ingredients

Some of the factors that are set to impede the growth of the Pulse Ingredients Market are high cost of natural derived pulse ingredients and limited availability. Rising demand for organic food products and lack of compensation is also set to hinder the growth of the market.

Pulse Ingredients Market Landscape

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Pulse Ingredients Market. In 2020, the Pulse Ingredients Market share is consolidated by the top ten players present in the market. The Pulse Ingredients Market, top 10 companies are ADM, Ingredion, Roquette Frères, Emsland Group, AGT Food, Ingredients, Bunge Ltd., Diefenbaker Spice & Pulse., COSUCRA., and Vestkorn.

Key Takeaways

Asia-Pacific dominated the Pulse Ingredients Market in 2020 owing to income of people is rising, and there is an increased need for convenience food items. The Pulse Ingredients Market scope for different regions will be provided in the final report.

Increasing awareness about protein rich food products are likely to aid the market growth of the Pulse Ingredients Market report.

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

The factor that restrict the growth Pulse Ingredients Market is high price of pulse ingredients.

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/pulse-ingredients-market-size-forecast-to-reach-243-billion-by-2026/89036778

Source: MarketersMedia

Release ID: 89036778

The Increasing Prevalence of Vegetarian Consumers and Increasing Prevalence of Chronic Diseases Is Set To Further Enhance the Overall Market Development of the Omega-3 PUFA Market

Hyderabad, India – July 24, 2021 /MarketersMedia/ —

Omega-3 PUFA Market size is forecast to reach $7.3 billion by 2026, growing at a CAGR of 9.8% during the forecast period 2021-2026. Omega-3 PUFA is a dietary fat offering various health benefits that reduce the risk of developing arthritis. It fights against inflammation and makes the immune system stronger. Docosahexaenoic acid, Alpha-Linolenic acid, and Eicosapentaenoic acid are some of the types of Omega-3 PUFA among others. It has various applications in nutraceuticals, pharmaceuticals, and dietary supplements among others. Increasing awareness of the consumers regarding the health benefits and increasing awareness about infant nutrition products are the major factors driving the growth of the market.

Omega-3 PUFA Market Segment Analysis – By Type

Docosahexaenoic acid held the largest share in the Omega-3 PUFA Market in 2020 and is estimated to grow at a CAGR 8.7% during the forecast period 2021-2026. This is owing to the increasing awareness regarding the functionalities of omega-3 PUFA. Docosahexaenoic acid plays a major role in the growth along with the development of the new born baby. It also help in normal functioning of adult brains. Eicosapentaenoic acid is one of the omega-3 fatty acids and is found in salmon. It helps in lowering the risk of the heart disease. Eicosapentaenoic acid are estimated to register the higher CAGR over the period 2021-2026.

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Omega-3 PUFA Market Segment Analysis – By Application

Dietary Supplements held the largest share in the Omega-3 PUFA Market in 2020 and is estimated to grow at a CAGR 10.4% during the forecast period 2021-2026. This is owing to the increasing awareness regarding the consuming capsules for omega-3, and increasing incidences of cardiovascular diseases. Increasing awareness regarding the reduction of calorie intake is also increasing the growth of the segment. Pharmaceuticals segment is increasing owing to the inflammatory properties of the omega-3 for treating depression, and cancer. Dietary Supplements are estimated to register the higher CAGR over the period 2021-2026.

Omega-3 PUFA Market Segment Analysis – By Geography

North America dominated the Omega-3 PUFA Market with a major share of 35.3% in 2020. This is attributed to the increasing research & development, and increasing penetration of improved medication. Increasing consumption of dietary supplements, increasing health benefits of omega-3 PUFA, increasing healthcare expenditure, and improving healthcare infrastructure is increasing the growth of the market in this region.

However, Asia Pacific is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to the increasing healthcare awareness, and rising cultivation of krill fish. Rising intake of oil, increasing production technologies, increasing incidences of the chronic diseases, increasing demands for functional and nutritional foods along with the increasing healthcare expenditure is increasing the growth of the market in this region.

Omega-3 PUFA Market Drivers

Increasing Prevalence of Cardiovascular Diseases

Increasing prevalence of cardiovascular diseases is increasing the growth of the Omega-3 PUFA Market. Some of the major factors of cardiovascular disease includes 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, incidences of the cardiovascular deaths are increasing owing to heart attacks and strokes. Thus, increasing the growth of the Omega-3 PUFA Market during the forecast period 2021-2026.

Rising Prevalence of Chronic Diseases

Rising prevalence of chronic diseases is increasing the growth of the Disposable Negative Pressure Wound Therapy Devices Market. The leading cause of death around the world can be attributed to the chronic diseases. It is estimated that around 29% of the deaths are owing to the chronic diseases and 40.5% of the population of U.S. suffer from chronic diseases. Thus, increasing the growth of the Disposable Negative Pressure Wound Therapy Devices Market during the forecast period 2021-2026.

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Omega-3 PUFA Market Challenges

Higher Price of the Omega-3 PUFA and Increasing Competition

Some of the factors that are set to impede the growth of the Omega-3 PUFA Market are higher price of the omega-3 PUFA and increasing competition. Stringent government regulations and the absence of daily intake of nutritional products is set to hinder the growth of the market during the forecast period 2021-2026.

Omega-3 PUFA Market Landscape

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Omega-3 PUFA Market. In 2020, the Omega-3 PUFA Market share is consolidated by the top ten players present in the market. The Omega-3 PUFA Market, top 10 companies are Cargill, BASF SE, Polaris, Arjuna Natural, Omega Protein Corporation, Pelagia AS, Croda, DSM, and Lonza among others.

Key Takeaways

North America dominated the Omega-3 PUFA Market in 2020 owing to the increasing health awareness and increasing the adoption rate of nutritional supplements. The Omega-3 PUFA Market scope for different regions will be provided in the final report.

Increasing incidences of chronic diseases and increasing usage of dietary supplements are likely to aid the market growth of the Omega-3 PUFA Market report.

Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be Omega-3 PUFA Market report.

Higher price of the omega-3 PUFA and increasing competition is poised to create the hurdles for the Omega-3 PUFA 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/omega-3-pufa-market-size-forecast-to-reach-73-billion-by-2026/89038316

Source: MarketersMedia

Release ID: 89038316