Monthly Archives: July 2021

Acrylic Coatings Market Size Forecast to Reach US$49.2 Billion by 2026

Growing Demand From Different End-Use Industries for High Resistant, Protective, Economically Friendly, and Low-Cost Coatings Is Boosting the Growth of the Acrylic Coatings Market

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

Acrylic Coatings Market size is forecast to reach US$49.2 billion by 2026, after growing at a CAGR of 4.8% during 2021-2026. Acrylic coatings are well known as organic coatings that are widely preferred in both architectural and industrial applications. These coatings are manufactured from acrylic and methacrylic polymers. Acrylic coatings find their application in many end-use industries due to their super adhesion to non-porous surfaces. The coatings also offer some excellent properties including anti-corrosion, superior hardness, high finishing, and high alkali resistance. Acrylates have found their application in the manufacturing of copolymers which are used for coatings & paints, sealants, adhesives, and others.

COVID-19 Impact

The COVID-19 pandemic is impacting different industries; one of the few industries that were largely hit to some extent was the chemical industry. Due to the Covid-19, the construction and automotive industry are impacted very badly which further impacted the acrylic coating industry.

Acrylic Coatings Market Segment Analysis – By Technology

Based on the technology, the market is categorized into waterborne, solvent-borne, powder coatings, UV cured coatings, radiation cured coatings, and others. The waterborne segment accounted for more than 30% of the market share in 2020 and is estimated to grow at a significant CAGR during the forecast period. Waterborne coatings have a low impact on the environment and effective compared to other technologies. Waterborne is one of the commonly used technology among end-users due to its sustainable nature and excellent durability.

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Acrylic Coatings Market Segment Analysis – By End-Use Industry

Based on the end-use industry, the market is segmented into building & construction, general industry, automotive, furniture, marine, aerospace & defense, oil & gas, and others. The building & construction segment accounted for more than 25% of the market share in 2020 and is estimated to grow significantly during the forecast period. The rapid growth in construction activities in emerging economies is driving the market growth. Acrylic-based coatings are commonly used in the construction industry due to their high resistance to light, and weather. Generally, acrylic coatings include paints and floor polishes. Growing preference for modern paints & coatings among builders is boosting the market growth.

Acrylic Coatings Market Segment Analysis – By Geography

Asia Pacific region held the largest share in the acrylic coatings market in 2020 up to 40%, owing to the rapid growth in the infrastructural and automotive sector in the region. Rapid industrialization along with the presence of developing nations in the region are also supporting the market growth for acrylic coatings..

Acrylic Coatings Market Drivers

Increased infrastructural and construction activities

The usage of acrylic coatings in the construction sector is increasing gradually due to their protective properties from the environment. Acrylic coatings find their application as exterior architectural coatings, roof coatings, and floor coating in the construction industry for excellent durability and weathering resistance. Acrylic coatings account for over 25% of all coatings due to their versatility and performance. Over the past few years, the construction industry is growing significantly. The economic growth, investments in infrastructure projects, and technology advancements are boosting the industry. Approximately 1.2 million new housing units are constructed every year in the United States.

Growing demand from end-use industries

Growing demand from different end-use industries for high resistant, protective, economically friendly, and low-cost coatings is boosting the growth of the acrylic coatings market. Acrylic coatings act as a protective layer in many industries. Acrylic coatings are the leading finishes used in the paint and coating industries. Acrylic chemicals improve adhesion rate, gloss retention, and UV resistance, in the coating industry.

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Acrylic Coatings Market Challenges:

Environmental & health issues

The coating industry is one of the prominent industries play a vital role in various manufacturing sectors. Acrylic coatings cause many health-related problems among workers. Some of them include headache, seizures, dizziness, unconsciousness, light?headedness, irritation of nose, eyes, and others.

Acrylic Coatings Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Acrylic Coatings market. Major players in the Acrylic Coatings market are Akzo Nobel N.V., Sumitomo, BASF SE, Nippon Paint Co. Ltd., DIC Corporation, Sherwin-Williams, The Dow Chemical Company, PPG Industries, Inc., DSM, Mitsui Chemicals, Showa Denko Materials, Allnex, Solvay, Yip’s Chemical Holdings Ltd., Innotek Technology Ltd., Geo Specialty Chemicals, and others

Acquisitions/Technology Launches

In March 2021, BASF opened its new production line for acrylic dispersions in Pasir Gudang, Malaysia. The new production line is engaged in the production of new dispersions technologies under Acronal EDGE, Acronal PLUS, Joncryl, and next-generation Acronal ECO product ranges.

In July 2020, Allnex launched two new acrylic dispersions products namely SETAQUA DTM 6918 and SETAQUA DTM 6919. The products are used for direct to metal (DTM) applications.

Key Takeaways

The Asia Pacific region will dominate the market and is expected to register a high CAGR of 6.2% during the forecast period (2021-2026). Rapid industrialization and growing FDI in the manufacturing sector are boosting regional growth.

The growing demand for advanced coating along with the adoption of environmentally sustainable formulations among end-users are positively supporting the market growth between the forecast period.

Furthermore, high adoption of waterborne acrylic basecoats among prominent automotive players such as Toyota, Ford, and Hyundai are positively impacting market growth

The acrylic coatings are preferred over regular coating due to their wide pigment compatibility, environmental friendliness, and low drying time.

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Source URL: https://marketersmedia.com/acrylic-coatings-market-size-forecast-to-reach-us492-billion-by-2026/89036550

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Release ID: 89036550

Big Data Security Market Forecast to Reach $28.2 Billion by 2026

Rising Consultancy Surrounding Development of Big Data Architecture Driving the Growth of Big Data Security Market

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

The Big Data Security Market forecast to reach $28.2 billion by 2026, growing at a CAGR of 10.3% from 2021 to 2026 due to rapid increase in consumer and machine data developments particularly related to cybersecurity and security intelligence. Big Data is referred as the collection of data sets with large and complex that it is not possible to process it in traditional way. In Big Data Security, companies collects the data from respective clients to analyze the data for identification of the business problem where data strategist and data analyst analysis it to obtain the optimum solution and implementing the solution. The market is driven by rising consumer data, superior information security, and enhanced business efficiencies.

Big Data Security Market Segment Analysis – By Type

The market is segmented into application segment includes Software Solutions and services. Solutions are further divided into Data Discovery, Data Authorization and Access, Data Encryption, Data Auditing and Monitoring, Data Security Analytics, Data Backup and Recovery and Others.

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Big Data Security Market Segment Analysis – By End Use Industry

Among all end use industries, automotive is the leading segment due to growing adoption of high tech vehicles. Huge amounts of constantly changing data that is difficult to handle but is of enormous value on the analysis of which we can provide new and improved user experience, is “big data.” In the automotive industry, this data can improve driver safety and experience, and in short provide better and safer vehicle services.

Big Data Security Market Segment Analysis – By Geography

North America held the foremost market revenue share for Big Data Security market since and is predicted to emerge during forecast period growing at CAGR of 9.1%. The high adoption of analytics consulting across countries such as the U.S., Mexico and Canada has helped the market to grow exponentially. However, Asia-Pacific is expected to register the highest growth rate during the forecast period due to the increasing amount of data generation as well as high interest across the region.

Big Data Security Market Drivers

Rising Consultancy surrounding development of Big Data Architecture

Big Data Security advices the organization about the Big Data, strategy, implementation and technology which best fit to the organization to manage the Data sets. Across the world many different Big Data projects were taken up to create many Big Data models, frameworks and new technologies to provide more storage capacity, real time analysis and parallel processing of different large amount of data from heterogeneous source. Big Data Security Market consist two main strategist such as Data Strategist/Architect and Data Scientist/Analyst whose role is to identify the business problems, defining the solution, optimizing the solution and implementing the solution. This will drive the market.

Rising Amount of Data Generated by Organizations

One of the current trends in the Big Data Security Market can be attributed to its popular and is in demand due to the rising storage capacity in terms of Terabyte and Petabyte of Big Data generated by the organizations. It is widely used because it can handle large amount of data and keep scaling to keep up growth and can provide input and output data to analytical tools for analysis. Big Data challenges include storage of data, capturing data and analyzing data. These can be done by few analytical tools such as Apache Hadoop, NoSQL, JAQL, Hive and others.

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Big Data Security Market Challenges

Concerns Regarding Data Privacy

The biggest challenge with Big Data is the sensitive issue of data privacy and security, which most organizations are facing. With the implementation of GDPR regulations, consumer data privacy issues have been put to the forefront.

Big Data Security Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Big Data Security Market. Accenture, Amazon Web Service, Dell, HP, IBM, Oracle, SAP, Teradata Corporation and others are considered to be the key players of the Big Data Security Market.

Acquisitions/Technology Launches/Partnerships

In December 2020, NuWave Solutions Acquired BigBear, a Leading Provider of Big Data Analytics Solutions to the National Security Community

In May 2020 Accenture acquired Byte Prophecy, an automated insights and big data analytics company from India. The acquisition will help Accenture meet what it sees as growing demand for enterprise-scale AI and digital analytics solutions across the region. As part of the deal, nearly 50 data science and data engineer experts will join Accenture Applied Intelligence, the global IT consulting firm’s team and service for artificial intelligence, data, analytics and automation.

Key Takeaways

The expansion of the Internet of Things (IoT) has added numerous new sources of Big Data into the Data Management background and is one of the major trends in the forecast period.

Use of Business Intelligence (BI) from the cloud will increase, and the on-going advancement in improved data visualization models and self-service software will be seen in analytics.

AI and Machine Learning technology are moving at a faster pace and helping businesses transform, through cases like real-time ads, pattern recognition, malfunction detection, etc. Working on traditional algorithm of machine learning will become faster and more accurate helping enterprises to make more appropriate decisions. This major change will help the market to continue its growth in the coming decade.

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Source URL: https://marketersmedia.com/big-data-security-market-forecast-to-reach-282-billion-by-2026/89036527

Source: MarketersMedia

Release ID: 89036527

Cockpit Display Market Forecast to Reach $4.7 Billion by 2026

Growing Number of Air Travel Passengers Leading to Manufacture of New Aircraft Driving the Growth of Cockpit Display Market

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

The Cockpit Display Market forecast to reach $4.7 billion by 2026, growing at a CAGR of 3.2% from 2021 to 2026. Cockpit Display is an aircraft cockpit that features electronic flight instrument displays which are of large LCD screens. A Cockpit Display uses several multi-function displays driven by flight management systems that can be adjusted to display flight information as needed. The Glass Cockpit simplifies aircraft operation and navigation and allows pilots to focus only on the most pertinent information.

Cockpit Display Market Segment Analysis – By Aircraft Type

Cockpit technology has been advancing at a great pace in the last few years. It helps to provide a great amount of information at the fingertips of the pilot than conventional systems. Military helicopters have most advanced high-tech machines and focus on incorporation of Cockpit Displays to enhance their effectiveness such as in navigation systems, electronic flight instrument system.

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Cockpit Display Market Segment Analysis – By Display Type

Primary Flight display is forecast to grow at the highest rate of 6.0% through 2026. Primary flight display or PFD is a modern aircraft instrument dedicated to flight information. Glass Cockpit Displays are equipped with primary flight and multi-function displays. Primary flight displays comes in round, oval, horizontal, vertical and strip displays for airspeed, altitude and heading primarily through navigation systems and electronic flight instrument system. Multi-function will have multiple pages to configure the system, flight planning options, entering user waypoints and updating navigation databases. The MFD is also the backup for the PFD in case it fails. The information on both the screens can also be switched so that the co-pilot has the PFD and pilot has MFD.

Cockpit Display Market Segment Analysis – Geography

North America is projected to grow at the highest CAGR of 5.1% during the forecast period 2021-2026. This is due to early technology adopters and additionally North-America has robust military industry. United States stands top in global aerospace and defense industry. Asia-Pacific is expected to witness largest share after North-America due to large customer base along with growing number of passengers especially in countries like India and China.

Cockpit Display market Drivers

Aerospace and Defence industry driving the market growth

The aerospace and defence industry worldwide keeping up pace with the increasing air passenger traffic. Due to increased border security threats, the governments are increasing their defence budgets. With the growing manufacturing and production of commercial aircraft the market is expected to gain demand with the growing technological advancements such as in navigation systems and electronic flight instrument systems. There is a high demand for manufacturing of next-generation aircraft with installation of high-end technologies and Cockpit Display displays for enhanced communication and navigation drives the market growth.

Growing number of air travel passengers leading to manufacture of new aircraft

Growing number of air travel passengers across the globe is leading to manufacture new aircraft with latest high-end technological Glass Cockpits. Asia-Pacific region is considered to be the biggest driver of air passenger’s demand in the near future. Nearly more than 50% of new air passengers are likely to originate from this region which leads to demand for more aircraft carriers which in turn drives the market growth.

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Cockpit Display market Challenges

Less Battery life

Battery shelf life of Cockpit Displays are less compared to analog systems which is making the biggest challenge in Cockpit Display market. Due to less battery, life pilots have very less time to react on problems during an emergency. A well trained pilot on digital Cockpit Display systems or never used the analog systems finds it difficult to shift to analog systems if required as the analog mechanism requires more cognitive process to understand the situation. At the same time Cockpit Display systems offer exceptional situational awareness but it is possible only when the pilot is well versed with the complete system. Less battery life has become the hindrance to the market growth.

Cockpit Display Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Cockpit Display market. The Cockpit Display market is dominated by major companies such Aspen Avionics Inc., Avidyne Corporation, Dynon Avionics, Elbit System Ltd, Esterline Technology Corporation, Garmin Ltd, Honeywell Aerospace Inc., L-3 Communication Holdings Inc., Northrop Grumman Corporation, Rockwell Collins Inc.

Acquisitions/Technology Launches/Partnerships

In Oct 2019, Avidyne Corporation, leading provider of integrated avionics systems, displays, ADS –B and safety systems for general aviation aircraft announced new dzus – mounted avidyne atlas multifunction flight management system for turbine – class aircraft and helicopters.

Key Takeaways

Cockpit Display simplifies aircraft operation and navigation and allows pilots to focus only on the most pertinent information.
Cockpit Display systems consist of several displays which are connected to the flight management system and can be altered to display flight information as required.

The advantage to a Cockpit Display over traditional cockpits is that the automation systems are more accurate, the information is more precise and the data is displayed more ergonomically.

North America is projected to hold a significant share in the global Cockpit Display market. This is due to early technology adoption and they have a robust military industry.

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Source URL: https://marketersmedia.com/cockpit-display-market-forecast-to-reach-47-billion-by-2026/89038287

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Release ID: 89038287

PCIe DC-DC Converter Market Size to Grow at a CAGR of 16.6% During the Forecast Period 2021-2026

Increasing Growth Towards Data Center Infrastructures Driving the Growth of PCIe DC-DC Converter Market.

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

PCIe DC-DC Converter Market is analyzed to grow at a CAGR of 16.6% during the forecast period 2021-2026 to reach $9.5 billion. PCIe or PCI Express generally refers to a high speed serial computer expansion bus standard that is designed with more advantages in comparison to older standards. PCIe standards are capable of providing benefits including better performance scaling, lower latency, synchronous rectification, pulse amplitude modulation, larger bandwidth support, higher data speeds and so on making it an ideal choice for various application areas like graphic cards, storage devices, network interface cards, and many other high performance peripherals. With rise in data traffic and need for high performance computing devices and integrated circuits, different generation models be it PCIe 5.0, PCIe 4.0 and so on are selected according to end-use requirements. Increasing rate of data center infrastructure growth as well as shift towards advanced technologies including artificial intelligence and machine learning are considered as some of the major drivers impacting the growth of PCIe DC-DC Converter Market.

PCIe DC-DC Converter Market Segment Analysis- By Generation

Based on generation, the PCIe DC-DC Converter Market is segmented under PCIe 1.0 & 2.0, PCIe 3.0, PCIe 4.0 and PCIe 5.0. PCIe 3.0 generation had dominated the PCIe DC-DC Converter Market with 46.5% share in 2020, and is analyzed to grow significantly at a rate of 16.4% during the forecast period 2021-2026. Generation PCIe 3.0 can be referred to as a Gen 3 expansion card comprising of a four-lane configuration, used across some of the major end-use industries be it telecom, data centers and so on. Factors including growth in video streaming, video conferencing, online gaming, social networking and many others have surged the internet traffic amidst the COVID-19 pandemic situation, attributing towards the need for PCIe 3.0 interfaces.

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PCIe DC-DC Converter Market Segment Analysis- By Application

Based on application, Storage Device & Controllers had accounted for the largest share of 32.1% in 2020, analyzed to grow significantly with a CAGR of 15.5% in the global PCIe DC-DC Converter Market during the forecast period. The need for PCIe had evolved in the storage applications overtime with the introduction of technologies namely SATA Express and Non-Volatile Memory Express. With the shift towards ultra thin laptops, tablet PCs and so on, there is significant need towards connectors used in peripheral devices capable of fitting into narrower spaces. In order to address such requirements, PCI-SIG specified the M.2 connectors, thereby gaining it wide popularity.

PCIe DC-DC Converter Market Segment Analysis- Geography

APAC had accounted for the largest share of 36.5% in 2020, followed by North America and Europe in the PCIe DC-DC Converter Market, analyzed to grow at a rate of 19.6% during the forecast period 2021-2026. Factors including growing demand for cloud computing services, shift of telecom sector towards advancing network or communication infrastructures and many others have acted as some of the major factors attributing to the market growth. In 2020, Samsung announced about the launch of PCIe 4.0 NVMe SSD (solid state drive), named SSD 980 Pro. This development was meant to help professionals as well as consumers opting for high performance PCs, workstations and gaming consoles, also making it an ideal choice for consumers working with 4K or 8K contents or playing high graphic games.

PCIe DC-DC Converter Market Drivers

Increasing growth towards data center infrastructures:

Increasing growth towards data center infrastructures can be considered as one of the vital factors driving the market growth of PCIe. This growth is significantly impacting the need for high-speed devices capable of offering faster data transmission owing to rise of data traffic for optimizing data center facilities. Enterprise workloads have already started migrating towards cloud, which in turn requires the need for high performance computing, virtualization and related applications, making it beneficial for the use of PCIe based devices.

Growing shift towards advanced technologies like artificial intelligence and machine learning:

Growing shift towards advanced technologies including artificial intelligence (AI) and machine learning (ML) can be considered as one of the major drivers impacting the growth of PCIe DC-DC Converter Market. In comparison to traditional CPUs, the need for computational models is rising, owing to growing demand towards high-bandwidth and low latency communication channels. Rise of demands have been eventually attributing towards various PCIe generation models, particularly PCIe 4.0 or PCIe 5.0 for serving such application requirements.

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PCIe DC-DC Converter Market Landscape

The key players in the PCIe DC-DC Converter Market include Broadcom Inc., Microchip Technology Inc., Renesas Electronics Corporation, Intel Corporation, Nvidia Corporation, Samsung Electronics Co. Ltd, Toshiba Corporation, Xilinx Inc., PLDA and Texas Instruments among others.

Key Takeaways

Growing shift towards advanced technologies like artificial intelligence and machine learning along with increasing growth of data center infrastructures is analyzed to significantly drive the PCIe DC-DC Converter Market during the forecast period 2021-2026.

Storage Device & Controllers application segment had accounted for the largest market share in 2020, attributed to the factors including rise of cloud based data storage requirements, infrastructural developments for data centers and so on.

High investments towards research and development activities by some of the key market players such as Samsung Electronics Co. Ltd, Renesas Electronics Corporation and Toshiba Corporation with others have helped in boosting the growth of PCIe across APAC markets.

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Source URL: https://marketersmedia.com/pcie-dc-dc-converter-market-size-to-grow-at-a-cagr-of-166-during-the-forecast-period-2021-2026/89038314

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Release ID: 89038314

Bio-Alcohols Market Size Forecast to Reach $16 Billion by 2026

Cellulosic Biomass Becoming More Widely Used in Industries as a Result of Advancements in Technology, Which Is Leading to Expansion of the Bio-Alcohol Market.

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

Bio-alcohols Market size is forecast to reach $16 billion by 2026, after growing at a CAGR of 8.4% during 2021-2026. The market for bio-alcohols such as bioethanol, biomethanol, biobutanol is predicted to expand at a quicker rate as non-renewable resources become scarcer and crude oil prices fluctuate. The growing demand for cars as a result of population growth has fueled demand for biofuels in emerging economies, as well as creating the potential for the bio-alcohol industry. When compared to traditional fuels, bio-alcohol is environmentally beneficial, renewable, and helps to reduce carbon footprint. Bio-alcohols are long-lasting compounds made from cellulose or sugar fermentation. Bio-alcohol producers use biomass as a feedstock to create their products. Cellulosic biomass is becoming more widely used in industries as a result of advancements in technology, which is projected to promote the expansion of the bio-alcohol market. These technologies must be made available globally in order to drive the growth of the bio-alcohol market.

COVID-19 Impact

The rapid spread of the COVID-19 pandemic has resulted in a surge in demand for hand sanitizers for disinfection purposes all across the world. This, combined with positive measures by numerous governing authorities to encourage the practice of hand sanitization at regular intervals has prompted important players to invest in the rising manufacture of bioethanol-based hand sanitizers and disinfectants. Other factors driving market growth include the increasing use of these items in the creation of organic cosmetics and the widespread use of these goods in pharmaceutical manufacture.

Bio-alcohols Market Segment Analysis – By Product

Bio-ethanol held the largest share in the global Bio-alcohols market in 2020 and is expected to maintain its dominance throughout the forecast period. Bio-ethanol is a higher-octane fuel that can also be utilized for energy-related applications like power generation. Its use in vehicles, buses, airplanes, the medical industry, and fuel cells is expected to boost the market growth. Blending bio-ethanol with gasoline can extend the life of depleting oil sources and offer greater global fuel security. Bio-ethanol is also in high demand due to its biodegradability and lower toxicity than fossil fuels. As a result of the aforementioned considerations, bio-ethanol is expected to dominate the market under consideration over the forecast period.

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Bio-alcohols Market Segment Analysis – By End-Use Industry

Transportation held the largest share in the Bio-alcohols market in 2020 and is growing at a CAGR of 8.6% during the forecast period, owing to a boom in the automotive industry. The impending depletion of fossil fuels, as well as the mounting pollution problems that their consumption is causing, is a major driver of the global bio alcohol market. The usage of bio alcohol will help to manage the greenhouse impact to a large extent, lowering the carbon footprint of various places. Aside from that, bio alcohols have a high power potential, making them a highly practical class of fuels for large-scale application.

Bio-alcohols Market Segment Analysis – By Geography

Asia Pacific dominated the Bio-alcohols market in 2020 with a share of 35%, owing to the ongoing growth in the end-user industries such as construction, and electronics. The region has a huge population and is seeing a steady growth in demand for high-performance items as the middle class’s income rises. China, India, and Indonesia, among other countries in the region, are heavily investing in construction and infrastructure projects. For instance, in 2019, China proposed a $142 billion investment in 26 infrastructure projects. According to the International Trade Administration, the Chinese construction industry is expected to expand at a rate of 5% per year in real terms between 2019 and 2023. (ITA). Furthermore, the European Construction 2020 Action Plan’s aim was to encourage favorable investment conditions.

Bio-alcohols Market Drivers

Environmentally Favorable Aspects of Bio-Alcohols

Carbon dioxide emissions and the greenhouse effect are the most serious environmental issues. With such issues, the need for bio-alcohol is increasing, with various forms such as bio-ethanol, biobutanol, and biomethanol being used in a variety of industries. Bio-alcohol is becoming more popular in the transportation industry as a substitute for gasoline. Because it has less reactivity in the atmosphere and is a high-octane fuel alternative to gasoline, bio-ethanol is the market leader. Bioethanol is preferred in the power generation business since it reduces oxidation problems. Biomethanol is the second-largest segment, owing to an increase in bio-methanol production from waste or biomass. Biomethanol is unaffected by the composition of gasoline. As a result, it is frequently preferred in applications such as vehicles, buses, and the medical industry.

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Bio-alcohols Market Landscape

Major players in the Bio-alcohols market includes BASF SE, Asahi Kasei Corporation, INVISTA, Evonik Industries AG, and Toray Industries, Inc., among others.

Key Takeaways

The rise of the bio-alcohols market in Asia-Pacific is fueled by expansion in the automotive industry, rising energy demand, and stable economic expansion.

Bio alcohol’s benefits over conventional fuels are causing a steady increase in demand. Bio-alcohol, like all bio-based fuels, is renewable and has a far lower carbon footprint than crude-oil-based fuels.

However, food grain consumption as feedstock is expected to stifle market expansion in the next years as the world’s population grows. The market for bio-alcohols is likely to benefit from the unpredictable price of crude oil, which is a prominent trend.

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Source URL: https://marketersmedia.com/bio-alcohols-market-size-forecast-to-reach-16-billion-by-2026/89038318

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Aluminum Gallium Indium Phosphide Semiconductor Market Size Forecast to Reach $584.8 Million by 2026

The Rapid Growth of the Electrical and Electronics Industry Has Increased the Demand for Aluminum Gallium Indium Phosphide Semiconductors; Thereby, Fueling the Market Growth.

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

Aluminum Gallium Indium Phosphide Semiconductor Market size is forecast to reach US$584.8 million by 2026, after growing at a CAGR of 2.5% during 2021-2026, owing to the increasing usage of aluminum gallium indium phosphide semiconductor in various end-use industries such as electrical & electronics, aerospace, and solar energy for applications such as light emitting diodes, optoelectronic devices, photovoltaics. Due to its large bandgap, the aluminum gallium indium phosphide (AlGaInP) semiconductor offers a forum for the production of photo optics applications. The rapid growth of the electrical and electronics industry has increased the demand for aluminum gallium indium Phosphide semiconductors; thereby, fueling the market growth. Furthermore, the flourishing solar energy industry is also expected to drive the aluminum gallium indium phosphide semiconductor industry substantially during the forecast period.

COVID-19 Impact

In the short term, the electronics industry is suffering due to disruptions in supplies from China and other countries, given its reliance on them to meet its raw material requirements. Because of COVID-19, some suppliers across countries have temporarily stopped their production, while logistics suppliers are also unable to transport products seamlessly, particularly across borders, due to pandemic-related constraints. Owing to these closures, the supply chain and the number of imported parts have also been seriously affected and, therefore, manufacturers are feeling the effect of part shortages in their supply networks. The shipping of goods is also being delayed by at least 4-5 weeks upon the re-opening of manufacturing units with small cargo vessels around the world.

Aluminum Gallium Indium Phosphide Semiconductor Market Segment Analysis – By End-Use Industry

The electrical & electronics segment held the largest share in the aluminum gallium indium phosphide semiconductor market in 2020 and is growing at a CAGR of 6.3% during 2021-2026, owing to increasing usage of aluminum gallium indium phosphide semiconductor in the electrical & electronics industry for applications such as light emitting diodes, optoelectronic devices, photovoltaics, and more. The semiconductor of aluminum gallium indium phosphide is used to create high brightness light emitting diodes (LEDs) to form the light emitting heterostructure.

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Aluminum Gallium Indium Phosphide Semiconductor Market Segment Analysis – By Geography

Asia-Pacific region held the largest share in the aluminum gallium indium phosphide semiconductor market in 2020 up to 35% and is growing at a CAGR of 8.1% during 2021-2026, owing to the increasing demand for aluminum gallium indium phosphide semiconductor from the electrical and electronics industry in the region to manufacture products such as light emitting diodes, optoelectronic devices, photovoltaics, and more. According to China’s National Integrated Circuit Development Promotion Outline, the Chinese government will make significant efforts to support the electronics industry, especially IC manufacturing and design. China’s annual average rate of increase in IC output will be over 14 percent by 2022.

Aluminum Gallium Indium Phosphide Semiconductor Market – Drivers

Flourishing Aerospace Industry

With the advanced operational capabilities, aluminum gallium indium phosphide semiconductor finds a massive scope in the aerospace industry to manufacture gadgets such as computers, information processing units, information -display systems, plane guidance-control assemblies, and more. In 2019, China was the second-largest civil aerospace and aviation services market in the world and one of the fastest-growing markets, according to the International Trade Administration (ITA). China will require 7,690 new aircraft over the next 20 years, estimated at US$1.2 trillion, according to Boeing (Commercial Business Forecast 2018-2037). By 2030, Boeing’s latest business outlook predicts demand for 2,520 new aircraft in the Middle East. With the increasing aerospace production, the demand for aluminum gallium indium phosphide semiconductor to manufacture aviation gadgets will also eventually increase. Hence, the flourishing aerospace industry acts as a driver for the aluminum gallium indium phosphide semiconductor market.

Expanding Solar Energy Sector

The aluminum gallium indium phosphide semiconductor’s high direct bandgap makes it one of the most promising candidates for the development of top junction layers in multi-junction solar cells. In a five-junction structure, the use of aluminum gallium indium phosphide with high aluminum content will lead to solar cells with maximum theoretical efficiencies above 40 percent. For instance, on 16 September 2019, during the G5 Sahel summit in Burkina Faso gave strong support to Desert to Power, an initiative launched by the Africa Development Bank (AFDB) in 2018. The initiative aims to develop 10 GW of solar power for the 250 million people across the Sahel region via a network of solar power generation, producing 10GW by 2025.

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Aluminum Gallium Indium Phosphide Semiconductor Market Landscape

Major players in the aluminum gallium indium phosphide semiconductor market are NXP Semiconductors, Analog Devices, Texas Instruments, OSRAM Opto Semiconductors, Microsemi, GaN Systems, Infineon Technologies, Advanced Wireless Semiconductor, STMicroelectronics, and WIN Semiconductors.

Key Takeaways

Asia-Pacific dominates the aluminum gallium indium phosphide semiconductor market, owing to the increasing electrical & electronics industry in the region. According to the Electronic Industries Association of India (ELCINA), the total production of the electronics sector in India exhibited a growth of about 22%.

The end-Use industries such as electrical & electronics, aerospace, and solar energy are flourishing in various regions, which is projected to drive the aluminum gallium indium phosphide semiconductor market growth.

Due to the Covid-19 pandemic, most of the countries have gone under lockdown, due to which the production of various products such as light emitting diodes, optoelectronic devices, and photovoltaics have considerably fallen, which is hampering the aluminum gallium indium phosphide semiconductor market growth.

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Cookies Market Size Estimated to Reach $46.3 Billion by 2026

The Increase in the Inclination Towards Buying Cookies Like Snickerdoodles Is Driving the Growth of the Cookies Market

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

Cookies Market size is estimated to reach $46.3 billion by 2026, growing at a CAGR of 5.3% during the forecast period 2021-2026. Cookies are generally baked or cooked foods that are small, flat, and sweet. Molded cookies, dropped cookies, rolled cookies, pressed cookies, refrigerator cookies, and bar cookies are the six major types of cookies. The demand for cookies is rapidly increasing among the young population owing to the rise in innovative and healthier product launches. The rise in the demand for oatmeal raisin bar cookies among the young population, increase in the inclination towards buying cookies like snickerdoodles in supermarkets, rise in the demand for cookies in tea and coffee shops in developing nations, and growing investment by the key players to develop gluten free cookies are the factors that are set to drive the growth of the Cookies Market for the period 2021-2026.

Cookies Market Segment Analysis-By Product Type

The Cookies Market based on the Product Type can be further segmented into Bar Cookies, Rolled Cookies, Molded Cookies, Drop Cookies, and Others. The Bar Cookies segment held the largest share in 2020 and is also estimated to be the fastest-growing segment with a CAGR of 6.4% over the period 2021-2026.

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Cookies Market Segment Analysis-By Distribution Channel

The Cookies Market based on the Distribution Channel can be further segmented into Hypermarkets/Supermarkets, Online Channels, Convenience Stores, and Others. The Hypermarkets/Supermarkets segment held the largest share in 2020 owing to the factors such as the increase in the inclination towards buying cookies like snickerdoodles in supermarkets/hypermarkets and the rise in the investment by the key players in supermarkets in emerging countries, such as India and China. The easy availability of choice of flavor in supermarkets is driving the growth of the Cookies Market

Cookies Market Segment Analysis-By Geography

North America held the largest share with 31% of the overall market in 2020. The growth in this segment is owing to the factors such as the growing demand for oatmeal raisin bar cookies among the young population and an increase in product launches by key players. The increase in the inclination towards buying cookies like snickerdoodles is driving the growth of the Cookies Market. Asia-Pacific segment is estimated to be the fastest-growing segment over the period 2021-2026.

Cookies Market Drivers

Increase in the Demand for Healthier Cookies.

Customers across the world are increasingly becoming health conscious and are shifting towards gluten free cookies owing to the rise in the number of chronic diseases. The key players are also focusing on launching healthier oatmeal raisin cookies and snickerdoodles with natural flavors, which is one of the major factors driving the growth of the Cookies Market.
Rise in the number of Tea and Coffee Shops.

The rise in the number of tea and coffee shops across the world has propelled the demand for cookies owing to the growing demand from customers. The manufacturers are also attracting customers in tea and coffee shops with innovative and healthier product launches, which is further propelling the growth of the Cookies Market.

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Cookies Market Challenges

Rise in the Availability of Alternative Products.

The key players in the market are collaborating with other players to carry out various research and development activities for launching innovative flavored cookies to attract the younger population across the world. However, the rise in the availability of alternative products, such as biscuits and chocolates is one of the major factors that is estimated to reduce the growth of the Cookies Market.

Cookies Market Competitive Landscape:

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Cookies Market. Key companies of this market are Nestle SA, Mondelez International, Inc, Campbell Soup Co, Kellog Co, Britannia Industries, United Biscuits Limited Co, Grupo Bimbo, Barilla Group, Parle Products, and Kraft Foods among others.

Partnerships/Product Launches:

In February 2021, Nestle SA has launched new Milkybar Cookies that offers a tasty twist and a creamier filling that immediately melts in the mouth. The cookie is available in two sizes and the bags are filled to the brim with smooth white chocolate bites.

In January 2020, Mondelez International, Inc has launched Cadbury Chocobakes cookies to deliver a unique and delightful experience for young customers and to empower consumers by providing them with more choices and innovative eating experiences.

In April 2019, Kellogg Company has entered into a partnership with the Ferrero Group and its related companies to sell selected cookies, pie crusts, and ice cream cones to reshape the portfolio to reduce the complexity, and focus on more targeted investment.

Key Takeaways

Geographically, North America Cookies Market accounted for the highest revenue share in 2020 and it is poised to dominate over the period 2021-2026 owing to the rise in the inclination towards buying cookies like snickerdoodles.

The increase in awareness about the health benefits of bar cookies, such as improving the functioning of heart health and blood circulation is driving the Bar Cookies segment. However, the rise in the availability of alternative products, such as biscuits and chocolates is one of the major factors that is said to reduce the growth of the Cookies Market.

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

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Automated 3D Printing Market Forecast to Reach $2.0 Billion by 2026

Rising Demand for Implant Customizations During Surgical Procedures Coupled With Growing R&D Investments Is Also Driving the Global Automated 3D Printing Market

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

The Automated 3D Printing Market forecast to reach $2.0 billion by 2026, growing at a CAGR of 28.3% from 2021 to 2026. 3D printing is a process in which materials are joined or hardened under the control of a computer to create a 3D object, with material being added together (such as liquid molecules being fused together). 3D printing is used in both rapid prototyping and additive manufacturing systems. The shape or geometry of an object can be of any type and is produced typically using digital model data from a 3D model or other electronic data source..

Automated 3D Printing Market Segment Analysis – By Type

SLS Printing has dominated the Automated 3D Printing Market as compared to the other types. SLS Printer uses powdered material as the substrate for printing new objects. A laser draws the shape of the object in the powder, fusing it together. Then a new layer of powder is placed and the process repeats building each layer one by one to form the object. Laser sintering is used to create plastic, metal and ceramic objects.

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Automated 3D Printing Market Segment Analysis – By End Use Industry

Medical industry is projected to witness significant demand and grow at a CAGR of 35.1% through the forecast period. The applications in the medical sector include organ fabrication, anatomical models, and creation of customized prosthetics, drugs and tablets and many more. The end users include Prosthetics, Medical Components, Tissue Engineering, Hearing Aids, Surgical Guides, Dental Implants, Drug Screening and many more.

Automated 3D Printing Market Segment Analysis – By Geography

North America is the leading market in the Automated 3D Printing Market with 39% of the total share in 2020 and it is followed by Europe. U.S. is majorly contributing towards to the development and increasing share in Americas market. In Americas regions, the Stereo lithography (SLA) is a leading technology majorly adopted in 3D printing market. With the improvement of a variety of processes in 3D printing technology in healthcare, SLA has continued to surpass its initial application in modeling and prototyping. The technology is capable to design highly complex and individually designed geometrics.

Automated 3D Printing Market Drivers

Rising Number of Applications for 3D Printing

One of the main drivers in the global Automated 3D Printing Market is the growing use of this technology in many applications like transplantation, drug delivery, 3D printed organs and many others in the healthcare industry. Rising demand for implant customizations during surgical procedures coupled with growing R&D investments is also driving the global Automated 3D Printing market. The increasing adoption is because of the wide spectrum of 3D printing applications in healthcare.

New Technological Advancements drives Adoption of Automated 3D Printing

Technological advancement helps to focus on developing new 3D-printed products which increases the demand for 3D printing in the healthcare industry and are some factors driving the growth of the market. Moreover, increasing research and development activities helps to develop new treatments for multiple diseases are contributing to the growth of 3D Printed Medical Devices Market. Engineers from Pohang University of Science and Technology, South Korea have successfully developed “bio-blood-vessels” from a 3D printer using material extracted from the human body as a template.

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Automated 3D Printing Market Challenges

High Cost of 3D Printing

One of the major challenges in the global Automated 3D Printing Market is the high cost of 3D printers. Technologies like stereolithography, laser beam, electron beam, photopolymerization and droplet deposition techniques are way too costly. Business and Industrial printers which are typically used in healthcare sector cost around $10,000 and thus present a major hurdle for facilities to adopt.

Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Automated 3D Printing Market. Hewlett Packard , Medical Molding Inc., Proto Labs, 3D Systems, Stratasys, SLM Solutions, Nano Dimension and ExOne are considered to be the key players of the Automated 3D Printing Market.

Acquisitions/Technology Launches/Partnerships

In June 2020, Engineers from Pohang University of Science and Technology, South Korea have successfully developed “bio-blood-vessels” from a 3D printer using material extracted from the human body as a template. These blood vessels are also capable of acting as drug carriers that will release the drug into its inserted surroundings thereby increasing the likelihood of a successful implant.

In February 2019, Johnson & Johnson announced the launch of 3D bio print center of excellence. This new facility is established due to collaboration between the medical device and pharmaceutical giant, AMBER (Advanced Materials and Bioengineering Research) and Johnson & Johnson. The Centre will be operational from July-2019 and the facility will carry out various orthopedics research projects.

Key Takeaways

Metal 3D printing is a precise and cost-effectual method for the manufacturing of template components and as end components for use in different environments, without the investment in time and money of conventional tooling.

Rising demand for implant customizations during surgical procedures coupled with growing R&D investments is also driving the global Automated 3D Printing market.

One of the major challenges in the global Automated 3D Printing Market is the high cost of 3D printers.
Lack of skilled professional and stringent government regulations are challenging the growth of the market.

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Femtech Market Size – Growth Drivers & Geographic Analysis to 2025

Femtech Market size is expected to witness a lucrative growth during the forecast period owing to the improving access to women care in remote areas

Delaware , United States – July 23, 2021 /MarketersMedia/ —

The rising prevalence of infectious and chronic diseases amongst a large pool of female population is expected to offer a positive impetus to the demand for effective treatment, paving way for the development of femtech market over the span of 2019 to 2025. It has been reported that unhealthy lifestyles and diet are emerging as pressing challenges for the degrading health of women across various economies of the world.

In fact, it has been claimed that cardiovascular disease is expected to serve as a leading cause of death for women in the United States, with about 48 million women living or being at risk of heart disease. In addition to this, as per the reports by World Bank Data, the prevalence of HIV among females in South Africa, in the age group of 15 to 24 was projected to be somewhere around 10.2% in 2017.

Such daunting statistics have accelerated the demand for devices and solutions that look toward enhancing the life cycle of women while offering them an assurance of peaceful and disease-free living. That said, a report by Global Market Insights Inc., has predicted that global femtech market would account for a valuation of USD 48 million by 2025 end, based on the below mentioned trends:

Rising traction towards femtech devices

Femtech is a term that is generally given to products, software, and technologies that look toward enhancing the health and wellbeing of women worldwide. In this regard, it would be crucial to state that femtech devices offer digital assistance to women regarding fertility solutions, period tracking, pregnancy, and reproductive system health care. Looking into its rising popularity, the device segment has accounted for a share of $8.5 billion in 2018 and is progressing toward a full scale development. Besides, various startups and companies are laying immense focus on bridging the gap left by major tech companies in introducing digitally advanced femtech products in the global markets that are particularly aimed at women’s health.

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Ongoing efforts undertaken by femtech market majors

Given that several new entrants and companies partaking in femtech business space are going nine yards for the production and development of novel products in the field, it would be essential to mention the innovative step taken by OCON Healthcare, an Israeli femtech start-up. As per news reports, the company has barely announced introducing a next-gen birth control that is capable of preventing pregnancies and also being helpful in treating abnormal uterine bleeding.

Named IUB Ballerine, the novel IUD is deemed to be a hormone-free contraceptive solution that stands to be a revolutionary product in the realm of intra-uterine devices. What makes this device differentiable amongst its counterparts, is its small size. As per official sources, the product is nearly 30% to 50% smaller than conventional IUDs and is already in use across 30 countries.

Burgeoning product demand for reproductive health management

Femtech solutions or devices are generally largely preferred for analyzing and managing reproductive health in women. As a matter of fact, estimates have claimed that the reproductive health segment in the femtech market is anticipated to depict a growth rate of 15 per cent through 2025. This is can be ascribed to the rising awareness about women’s health and wellbeing across some of the backward economies of the world. It is no surprise that there are a lot of stigmas still present across a woman’s menstrual cycle and menstruation, and the topic is generally overlooked. However, the evolution of such solutions has now compelled various companies to come out strong to develop femtech devices so as to ensure the proper health of the women in rural areas.

Huge patient pool across Asia Pacific that calls in for accurate femtech devices

Speaking of diverse regions making use of femtech devices, it is noteworthy to state that Asia Pacific has emerged as a remunerative growth ground for overall femtech market over the recent years, mainly due to the large patient pool in nations like China, India, and Japan. In fact, the region accounted for a revenue share of 22% in 2018. The growth predominantly comes from expanding government support and elevating awareness regarding women health across the above-mentioned economies.

Increased use in hospitals

With an estimated growth rate of 16% over the foreseeable time frame, hospitals have emerged as a secure and potential end-user segment for carrying out treatment procedures associated with woman’s health. A fundamental reason behind the growing preference of these healthcare settings is the robust availability of emergency facilities, skilled healthcare technicians, and well-established healthcare infrastructure.

Needless to mention, hospitals are also equipped with highly advanced technology and equipment that serve as a base for most of the surgeries being carried worldwide. Besides, the introduction to favorable reimbursement policies for the procedures performed in hospitals would further augment the patient visits, adding to the segmental growth.

All in all, prominence of the above-mentioned trends is estimated to offer a lucrative growth path to the overall femtech market over the due course of time.

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Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

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Digital Diabetes Management Market opportunities and prominent trends to 2027

The digital diabetes management market size is set to register lucrative gains over the coming years due to the growing diabetes populations base.

Delaware , United States – July 23, 2021 /MarketersMedia/ —

With rising prevalence of diabetes around the world, several awareness campaigns and government initiatives regarding preventive care of diabetes are being undertaken worldwide. In addition to this, with several innovative diabetes care solutions being introduced almost every year, digital diabetes management market is set to witness a meritorious growth over the coming years.

Elaborating on the increasing prevalence of diabetes, the International Diabetes Federation has reported that around 463 million people were living with diabetes in 2019 and by 2045, this number is anticipated to reach 700 million. Considering the rapidly increasing rate of diabetes prevalence, demand for insulin management and delivery devices is likely to increase significantly over the subsequent years.

According to Global Market Insights Inc., digital diabetes management market size was valued at around USD 13.0 billion in 2020 and is projected to witness an appreciable CAGR of 18.8% through 2027, given the prominence of below mentioned trends:

Strategic initiatives by prominent industry players

Major industry players operating in digital diabetes management market such as Medtronic Plc, Abbott Laboratories, F.Hoffmann-LA Roche Ltd, Tandem Diabetes, Dexcom, Inc., Insulet Corporation, Glooko, Inc, etc. are adopting various business strategies such as merger, acquisitions, new product development to strengthen their market presence. For instance, in 2020, Tandem Diabetes Care announced the U.S. launch of t: slim x2 insulin pump with an aim to strengthen the company’s presence in the U.S. market.

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Burgeoning demand for smart insulin pens

Smart insulin pens are in high demand owing to the benefits associated with them. This advanced digital diabetes management solution records the amount of each insulin dose and transmits the related data using connected Bluetooth devices. Moreover, manufacturers of smart insulin pens are inclined on incorporating advanced features to the product such as user-friendly interface for diabetes patients.

Quoting an instance, in 2020, Medtronic announced the launch of the latest version of its smart insulin pen which features integrated continuous glucose monitoring (CGM). According to the company, it is the first ever “connected” device designed for diabetes patients using multiple daily injections of insulin. Further, this InPen with Real-Time Guardian Connect CGM Data enables users to view glucose readings as well as insulin dose information in same app. In addition, these pens can be programmed with parameters such as target blood glucose levels, insulin sensitivity and insulin-to-carb ratios. With such growing innovations, smart insulin segment is expected to see a lucrative CAGR of 22.0% through 2027.

Increasing popularity among Type 1 diabetes patients

As patients with type 1 diabetes are highly dependent on insulin and need consistent monitoring of blood glucose levels, there has been a significant rise in the adoption of digital diabetes solutions among this patient base. Besides, rising prevalence of type 1 diabetes will also fuel the product adoption further over the coming years. Taking these factors into consideration, type 1 diabetes segment across the overall digital diabetes management market is projected to register a substantial CAGR of 18.3% through 2027.

Heightened adoption across home care settings

Diabetes management devices are being increasingly adopted in homecare settings as they are user friendly and can be utilized with minimum or no assistance. Moreover, introduction to an increasing number of awareness campaigns by government bodies regarding diabetes management is supporting the product demand further, thereby propelling the digital diabetes management market growth. For the records, in 2020, home settings segment had recorded a valuation of over USD 4.5 billion. Another important factor propelling the segment growth is growing geriatric population who are susceptible to diabetes. As per the World Bank statistics, around 9.9% of the global population is aged 65 years and above.

Growing awareness regarding digital diabetes devices in Asia Pacific

With growing awareness regarding diabetes management using digital solutions in the region, Asia Pacific digital diabetes management market is anticipated to observe a notable CAGR of 19.5% through 2027. In addition, increasing R&D activities for developing advanced digital diabetes devices is expected to foster the product adoption over time. Besides, growing geriatric population, increasing disposable income, and rising government initiatives pertaining with healthcare in the region are also supporting the business space.

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