The Europe gum fiber market size will record an appreciable CAGR of 10% through 2027

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

Major gum fiber market trends are driven by an increase in footprint expansion strategies such as acquisitions, mergers, collaborations, as well as product development and launch initiatives by prominent industry participants. In addition, several organizations are playing a crucial role in expanding the penetration of products with gum fiber content.

To cite an instance, in January 2021, purveyors of acacia gum submitted a new petition to the U.S. Food and Drug Administration. The petition accompanied additional scientific data for supporting their contention that gum fiber should be categorized as a dietary fiber on food labels. The petition further underscores the positive impact of acacia gum on insulin and glucose levels following a meal.

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Considering the above mentioned factors and as per the most recent research by Global Market Insights, Inc., the gum fiber market share is estimated to exceed a revenue of USD 1,975 million through 2027.

Major players operating in the gum fiber industry comprise Ingredion Incorporated, Supreme Gums Private Limited, Dabur India Ltd., AEP Colloids, Ashland, Nexira, Inc., Lucid Colloids Ltd., VIKAS WSP LIMITED, and others.

Some of the prominent trends driving gum fiber industry outlook are as follows:
Increasing beauty awareness in Europe
The Europe gum fiber market size will record an appreciable CAGR of 10% through 2027, propelled by the surging beauty awareness amongst the population in the continent. Due to their thickening properties, gum fibers find numerous applications in the cosmetics industry for the manufacturing of lotions, toothpaste, creams, and shaving creams.

The market growth is further escalated by the increasing awareness pertaining to dental hygiene that is set to foster the demand for toothpaste. This factor is further supplemented by the increasing grooming trends among people and the surging inclination towards utilization of skin care products for the improvement of appearance.

Rising product usage in food applications
The food application segment in the gum fiber market is poised to surpass a valuation of USD 500 million through 2027, given that gum fiber is majorly used in the food manufacturing industry as emulsifiers, thickeners, and stabilizers. Gum fiber supplements are used in dairy, frozen foods, beverages, and confectionery.

It would be pivotal to note that guar gums find increasing applications in the thriving food industry. Predominantly, gum fibers are utilized in the manufacturing of confectionery products. While Gum Arabica is commonly deployed for this type of manufacturing, the product provides persuading attributes comprising flavor encapsulation, improved texture, reduction of gelatin content, long lasting flavor release, and improved yield and processability in extruded confectionery application.

Surging consumer awareness regarding diet
The industry is witnessing an increasing awareness amongst consumers regarding their diet. These consumers are moving to the idea of deep-seated transparency and have access to smart labels, and other required alternatives for products with clean labeling.

Moreover, an increase in the demand for transparency and surging lifestyle diseases has escalated the demand for label on the products. Therefore, companies are specifically focusing on label claims and gum fiber is a very striking product for such claims.

Furthermore, favorable EU rules that permit the usage of gum fibers in various applications play an important role in expanding the business landscape. But, import regulations regarding product certifications and quality requirements play a significant role in supporting industry expansion.

In a nutshell, the increasing use of gum fibers for explosives manufacturing as water binding agent for aqueous slurry explosives and in the trillion dollar food industry, will bolster gum fiber market size over the projected span.

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Release ID: 89038165

According to Global Market Insights Inc. melt blown nonwovens market is speculated to exceed USD 2.8 billion by the end of 2026.

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

The global melt blown nonwovens market is expected to register tremendous gains in the coming years due to the rising need for face masks and their integral use in the automobile, construction, and agriculture sector. Melt blown fabric is one of the most integral materials and its process is considered extremely unique as compared to other nonwoven technologies. Moreover, the melt blown technology is regarded as one of the most effective ways of making extremely fine, and effective filter media.

The extrusion of non-woven is considered as a manufacturing process that is primarily used to create a certain type of fabric known as the non-woven fabric. This fabric is made from polymers such as polypropylene and these nonwoven fabrics are used across various applications, creating products that are used in medical items, carpeting, automobile, roofing, agriculture, construction, as well as in personal hygiene products.

In line with the above, the product comes with several features like porosity, rigidity, and softness, pushing the use of melt blown nonwovens across various fields. With the advancement in technology, the market growth opportunities to include these materials in many products will also increase.

Growth drovers are

• Increasing product demand in medical industry
• Regulations regarding compulsion of face mask
• Rising application of nonwoven fabrics in personal hygiene products

Expounded below are some of the integral factors projected to influence the global melt blown nonwovens market size in the near future.

Escalating demand for fine fibers

Concerning the type of product, the melt blown nonwovens market is bifurcated into dual texture and fine fibers. With respect to the volume, the fine fibers segment is likely to register over 6% CAGR growth during the coming years. The increasing filtration industry along with the surging demand for masks will drive the material consumption.

COVID-19 and the need for facial masks

The lethal coronavirus pandemic has driven the need to protect the people from the infection thereby urging the need to wear a face mask and PPE kits when in public. One of the main reasons supporting the use of non-woven fabric includes the fact that it is gentle on the human skin and comes with a low breathing resistance for improved comfort even when worn for long, continuous hours. They also come with excellent insulation and filtration properties.

The governments in both developed as well as developing nations have established strict rules that involve the wearing of masks at all times when in public spaces or even during private gatherings. Wearing masks has emerged as the first step towards the protection from the novel coronavirus, further supporting melt blown nonwovens demand.

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Strong bifurcation of nonwoven materials

In terms of material, the melt blown nonwovens market is classified into polyamides, polycarbonates, polystyrene, polyurethane, polyester, polypropylene, and others. Out of this, the other materials segment is expected to record a CAGR of nearly 5.6% through 2026. The other segment comprises acrylic, rayon, polyethylene, to name a few. These materials are further used in a wide range of applications like medical fabrics, air filtration, and personal hygiene products.

Latin America- an evolving manufacturing hub

From a regional perspective, Latin America has emerged as a key revenue pocket. The region is growing as a key manufacturing hub for melt blown nonwoven due to the rise in demand for facial masks. The availability of raw materials, as well as a comparatively cheaper cost of labor and raw material, will support the production of the material in the region.

Consistent focus on product innovation

The global melt blown nonwovens market is bestowed with many leading market players actively working towards improving their hold in the market through constant product innovation as well as through the improvement in product quality. The melt blown nonwovens manufacturers are entering into strategic partnerships and acquiring to expand their product portfolio.

About Global Market Insights Inc.
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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Release ID: 89038201

Need for Low-cost Automation, Reduce Manufacturing Downtime and Productivity of Supply Chains Will Drive the Demand of AC Servo Systems Market Growth

Hyderabad, India – July 23, 2021 /MarketersMedia/ —

The global AC Servo Systems Market is estimated to surpass $10.1 billion mark by 2026 growing at an estimated CAGR of more than 4.6% during the forecast period 2021 to 2026. In 2020, AC motors held major share of AC Servo Systems market share in terms of revenue owing to its high efficiency, longevity, quietness, flexibility, versatility, and constant speed. These features make AC servo motors favorable for varied applications across diverse end-user industries such as industrial robots, machine tools and others. At the end of 2019, Mitsubishi Electric Corporation had launched new series of servo systems, the general-purpose AC servo MELSERVO J5 series (65 models). Development of advanced products of AC model drive the AC electronic motor drives. Furthermore, increase in adoption of DC drives for digital control system applications such as computers, numerically controlled machines, or other applications where starts, and stops are made quickly and accurately with growing trend for automation technology provide opportunities for AC Servo Systems market during forecast period 2021-2026.

AC Servo System Market Segment Analysis – By Motor Type

In AC Servo Systems market, Low Voltage Servo motors held the largest share and is growing at 5.8% through the forecast period. Low Voltage Servo Motor is designed to run with a low voltage power supply. It is resistant to stress factors such as high temperatures, shocks and vibrations. Low voltage servo motor features low rotor inertia, high torque density, high peak torque, low noise, low temperature rise, lower current usage. Low-voltage servo drive is used for servo motion applications. In the case of stepper motors, the control is performed by means of a closed loop switch with no step loss.

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AC Servo System Market Segment Analysis – By End Use Industry

Automotive sector is major segment that uses AC Servo Systems and is estimated to grow at a CAGR of 3.7% during the forecast period 2021-2026. Servo motors are small in size but pack a big punch and are very energy-efficient. These features allow them to be used to operate remote-controlled or radio-controlled toy cars, industrial robots, machine tools and airplanes. Besides the significant rise in the railway expansions owing to the environmental issues is significantly impacting on the increasing procurement of the motors thereby boosting the growth rate of the market during the forecast period 2021-2026.

AC Servo System Market Segment Analysis – By Geography

APAC holds the major market share of 36.5% for the global AC Servo Systems market. Owing to the increased developments in various sectors such as automotive, industrial and many other industries in the countries such as China, India and so on is further boosting the global AC Servo Systems market. Moreover the rising demand for medium voltage servo motors from the mining, power generation, metal, and so on is elevating the global AC Servo Systems market during the forecast period 2021-2026.

AC Servo System Market Drivers

Rising Automation Trends

The rapid deployment of advanced automation technology in industries such as automotive, healthcare, packaging and other industries drive the AC Servo Systems market in India. Servo motors are used across various automation sectors specifically where the motor must be able to operate at a range of speeds without overheating, operate at zero speed while being able to retain its load in a set position, and operate at low speeds. Furthermore, increasing adoption of international high efficiency standards of motors assist the growth of the market. With the growing number of manufacturing industries in India, there has been high demand for the adoption of robotics. This has resulted in the deployment of AC Servo Systems across industrial verticals as robots utilize servo motors due to their smooth commutation and accurate positioning.

Rising Automotive Applications

In automotive industry, AC Servo Systems can be used in control systems such as fuel injection systems, anti-lock braking systems, and pedal systems in order to control vehicle speed. Motion control systems having servo mechanisms also find use in manufacturing processes, such as auto body painting, vehicle assembling, material handling, automated guided vehicle (AGV) chassis marriage systems, and assembly presses. AC Servo Systems are central to various reforms that are aimed at enhancing the speed, accuracy, and productivity of manufacturing in the transportation industry. Servo systems improve the logistics and supply chain processes through their use in robotics and various control systems, thereby, driving their demand in transportation industry. The implementation of robotics, artificial intelligence and connectivity are also penetrating the automotive industry.

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AC Servo System Market Challenges

High Initial Investment and Lack of Skilled Workforce

The high cost and initial investment for the AC Servo Systems is a major problem that hinders the market growth. Furthermore, it requires skilled workforce to operate the automated parts of machines and regular maintenance of the technical equipment and results in increased cost of AC Servo Systems.

AC Servo System Market Landscape

Yaskawa, Schneider, Rockwell, Siemens, Omron, Panasonic, Delta, ABB, Fuji, B&R and others are considered to be the key players of the AC Servo Systems Market.

Acquisitions/Technology Launches/Partnerships

In December, 2020 Omron has launched new 1S series AC servo motors which is motion safety. This ensures machine operator safety, shortens commissioning time and minimizes machine downtime and production losses.

In April 2020 Bartell Machinery Systems joins Rockwell Automation OEM program. The collaboration may help among members helps to streamline customer’s supply chain, simplify project implementation and provide the better value for automation investments.

Key Takeaways

DC Drives is witnessing the fastest growth rate owing to increase in investments in the development of DC servo motors as these motors offer high output power relative to motor size and weight.

The increased investments for the production of the electric vehicles is further impacting on production plants which require servo motors for the automation in the plants thereby boosting the market growth.

Robotics sector is witnessing the fastest growth rate owing to increasing investments in adoption of automation technology such as advanced machine tools and industrial robots with the advent of industry 4.0 in industrial sector is poised to provide opportunities.

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/ac-servo-systems-market-estimated-to-surpass-101-billion-mark-by-2026/89038197

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Release ID: 89038197

Increasing Focus on R&D Activities and Rapid Technological Changes Owing to the Changing Government Norms for Vehicle Safety Are Projected to Drive the Market

Hyderabad, India – July 23, 2021 /MarketersMedia/ —

3D Simulation Software Market Size is forecast to reach $7.3 billion by 2026, at a CAGR of 32.0% during 2021-2026. Adoption of 3D Simulation Software in aerospace, defense and automobile industries with the development of modern aircrafts, autonomous and electric vehicles boost the 3D Simulation Software market growth. In addition to these, process 3D Simulation Software is also used in designing or creating Internet of Things (IoT) devices and apps. High adoption of 3D Simulation Software for 3D modeling and simulation in the development of industrial products is set to drive industry 4.0. Similarly, growing developments by various companies in 3D Modeling software such as Finite element analysis and computational fluid dynamics is analyzed to drive the market growth. Further, entry of new players in developed and developing economies will further enhance the overall market demand for 3D Simulation Software during the forecast period 2021-2026.

3D Simulation Software Market Segment Analysis – By Deployment

Cloud deployment is growing at a highest CAGR of 36.3% in the forecast period owing to its operational flexibility and real-time deployment ease to companies compared to on-premises deployment. It also offers numerous benefits, including reduced operational costs, simple deployment process, and higher scalability in terms of connected resources. Additionally, the cost-effective cloud-based solutions ease installation when compared to the on-premises solutions. The highest level of data security and reliability offered by the cloud deployment are increasing the share of this deployment in the forecast period.

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3D Simulation Software Market Segment Analysis – By Vertical

Automotive sector is expected to witness a highest CAGR of 37.2% the forecast period. Increasing focus on R&D activities and rapid technological changes owing to the changing government norms for vehicle safety are projected to drive the market. With increasing connectivity and digitalization, OEMs are focusing on improving cybersecurity over connected vehicles & devices, which is expected to drive the automotive simulation market for software such as Finite Element Analysis and Computational Fluid Dynamics.

3D Simulation Software Market Segment Analysis – By Geography

3D Simulation Software market in North America region held significant market share of 36% in the forecast period. Early adoption of advanced technologies in aerospace, defense and other has been increasing the demand for 3D Simulation Software. In addition, the governments in the North American region are constantly focusing on innovation and investment for a greener work environment. The regulations associated with the eco-friendly work environment are becoming stringent in the region and as a result, companies are adopting simulators to test product viability before manufacturing. In U.S. strict guidelines imposed by the Federal Aviation Administration (FAA) and Federal Aviation Regulations (FARs) regarding use of simulators for training purpose.

3D Simulation Software Market Drivers

Growing advancements in 3D Simulation Software

3D Simulation Software companies are strengthening their position through mergers & acquisitions and continuously investing in research and development (R&D) activities to come up with solutions to cater to the changing requirements of customers. In addition companies such as Siemens, Rockwell, Ansys, and so on are planning to invest in advanced technologies such as artificial intelligence with a target to provide cost competitive Finite Element Analysis and Computational Fluid Dynamics products in the market in the forecast period. In 2020 Ansys Inc. entered into a definitive agreement to acquire Lumerical Inc., which is a leading developer of photonic design and simulation tools. The acquisition will add a wide range of photonics products to the Ansys Multiphysics portfolio, providing customers with a full set of solutions to solve its next-generation product challenges.

Growing adoption of 3D Simulation Software among aerospace & defense

The aerospace & defense industry has been one of the major end users of simulation as they use modelling and simulation for numerous purposes including, training of individual soldiers, conducting joint training operations, formulating operational plans, developing doctrine and tactics, and analyzing alternative force structures, Finite Element Analysis and Computational Fluid Dynamics. The technology fulfills critical defense needs of command, control, and communications; manpower, personnel, and training; computing and software; electronics; and manufacturing technology.

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3D Simulation Software Market Challenges

Data security is the major challenge for 3D Simulation Software

One of the major challenges in 3D Simulation Software is data security. Investment in data security to avoid simulation attacks is one of the major challenges faced by the 3D Simulation Software companies. Simulated attacks might send fake phishing attacks to employees or attempt cyber-attack on a company’s web application firewall. High investment into data security is the major challenge companies which is hampering the growth of the market. However, the introduction of many cybersecurity tools at affordable prices is set to invest in 3D Simulation Software, thereby driving the market growth.

3D Simulation Software Market Landscape

3D Simulation Software top 10 companies include Altair Engineering, Ansys, Autodesk, Bentley Systems, CPFD Software, Cybernet, Dassault Systems, Design Simulation Technologies, Mathworks, PTC, Siemens PLM Software among others.

Acquisitions/Software Launches

In 2020, PTC, Inc. launched a 3D computer-aided design software named as Creo 7.0. This software has the new abilities to put the power of artificial intelligence at the fingertips of the designers, hence making the simulation a unified part of the daily work.

Key Takeaways

3D Simulation Software market in North America region held significant market share of 36% in the forecast period. Early adoption of advanced technologies in aerospace, defense and others has been increasing the demand for 3D Simulation Software.

Cloud deployment is growing at a highest CAGR of 36.3% in the forecast period owing to its operational flexibility and real-time deployment ease to companies compared to on-premises deployment.

Automotive sector is expected to witness a highest CAGR of 37.2% the forecast period. Increasing focus on R&D activities and rapid technological changes owing to the changing government norms for vehicle safety are projected to drive the market.

3D Simulation Software top 10 companies include Altair Engineering, Ansys, Autodesk, Bentley Systems, CPFD Software, Cybernet, Dassault Systems, Design Simulation Technologies, Mathworks, PTC, Siemens PLM Software among 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/3d-simulation-software-market-size-forecast-to-reach-73-billion-by-2026/89037098

Source: MarketersMedia

Release ID: 89037098

Growing Adoption of Cloud Based Hardware Security Modules in Recent Years Accelerate the Market Growth

Hyderabad, India – July 23, 2021 /MarketersMedia/ —

The global Hardware Security Modules (HSM) Market is poised to reach $2.8 Billion by 2026, advancing at a CAGR of 11.9% during the forecast period 2021-2026. Hardware Security Module is highly tamper-resistant device designed to protect and secure cryptographic devices and secure cryptoprocessor chips. It is also used to handle transparent database encryption key for data privacy. To secure private and sensitive data from cyber attacks, hacking and data breaches, the demand for hardware security module is increasing among all industries, resulting in the growth of the market during the forecast period 2021-2026. Moreover growing adoption of cloud based Hardware Security Modules in recent years accelerate the market growth.

Hardware Security Modules Market Segment Analysis – by Deployment

Based on Deployment, Hardware Security Module Market is segmented into Cloud and On-Premise. Cloud segment held the market share with a value of 15.9% and it is anticipated to witness the significant market growth during the forecast period 2021-2026. By using Cloud based HSM one can easily generate own encryption keys on the cloud. Cloud HSM provides the flexibility to integrate with applications such as APIs, Java Cryptographic Extension and so on. In January 2021, Futurex LP announced the launch of Industry’s first web API for payment HSM. It is designed to integrate Payment application with Futurex enterprise encryption and key management technology i.e. Futurex’s VirtuCrypt cloud payment HSM.

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Hardware Security Modules Market Segment Analysis – by End-User

BFSI held the highest market share with a share of 28.2% in 2020 and it is anticipated to witness the significant market growth during the forecast period 2021-2026. With the growing use of online banking, mobile & e-wallet payment as well as 3-D secure payment, the adoption of hardware security module increased significantly. In September 2019, Utimaco GmbH, a global provider of IT security solutions announced Atalla AT1000, a PCI 3.0 (PCI PTS HSM v3.0)-compliant Hardware Security Module (HSM) to secure sensitive data and associated keys for non-cash retail payment transactions as well as for cryptographic keys.

Hardware Security Modules Market Segment Analysis – By Geography

North America dominated the Hardware Security Modules market in 2020 with a share in excess of 37.2%, owing to the early adoption of advanced Security Modules as well as presence of key vendors across the region. High investment along with stringent government regulation influences growth of the market in this region. According to Statista, USA Government announced a cybersecurity budget of 18.78 Billion US Dollar for the Financial Year 2021. According to USA Federal Trade Commission 2019 data Privacy and Database encryption Security update, FTC can enforce action to protect data and privacy of the consumers against unfair or decisive practices further leading the organization to adopt hardware security module to protect data privacy.

Hardware Security Modules Market Drivers

Rising Demand for Cyber Security Solutions

With the rise in incidents of data security theft, there is surge in adoption rate of HSM across all industries. HSM helps in protecting user personal information, digital transactions and organizations valuable digital assets from exposure. In 2019, Yubico, the global provider of encryption hardware devices and authentication for the modern web, announced the launch of YubiHSM 2, a brand new cost-effective Hardware Security Module (HSM) for servers and IoT gateways primarily designed to deliver the highest levels of security for storage and management, cryptographic digital key generation along with supporting an extensive range of enterprise environments and application.

Increase in Adoption of IOT and cloud

Increase in demand for information and data security, resulting from the adoption of modern technologies such as IOT and cloud computing, spurs the growth of the Hardware Security Module Market. With IOT, the protection of authenticity, customer privacy as well as data and communication become the key areas to focus. To secure these HSM is the priority for all industries. In 2019 ATOS SE announced the launch of latest HSM i.e. new Horus HSM, a highly performed security device, designed primarily to secure IOT ecosystem by using cryptographic features.

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Hardware Security Modules Market Challenges

High Cost of Implementation

Hardware Security Modules secure data against insider and external threats by providing confidentiality for encryption keys in a physically hardened device. Despite their security benefits, HSM built with older technology are difficult to adopt as they are made up of propriety hardware which is costly. Secondly, operating and maintenance cost of HSM exceeds device cost, thereby decelerating the growth of the market.

Hardware Security Modules Market Landscape

Partnerships, Acquisitions, Collaboration, and technology launches are key strategies adopted by players in the Hardware Security Modules Market .The top 10 companies in the Hardware Security Module Market include Utimaco GmbH, FutureX, Thales e-Security Inc, Ultra Electronics, Swift SCRL, Yubico, ATOS SE, Ledger, Hewlett Packard Enterprise Development LP and International Business Machine Corporation.

Acquisitions/Technology Launches

In March 2021, FutureX, a global leader in hardened enterprise class data security solutions announced that its payment HSM are integrated with jPOS to drive jPOS based payment and expand their abilities.

In December 2019, Thales e-Security Inc launched Safe Net Luna Network HSM version 7.4 with new features like functionalist module, utilization metrics and support for the ed25519ph curve variant.

Key Takeaways

The top 10 companies in the Hardware Security Module Market are Ultimaco GmbH, Futurex , IBM Corporation, Thales e-Security Inc, Ultra Electronics, Swift, Spyrus Inc, Yubico, ATOS SE and Ledger.

Cloud segment held the highest market share, owing to growing adoption among SMEs.

Banking and Financial Institution held the highest market share in 2020 and is estimated to witness a notable growth during the forecast period 2021-2026, due to rise in digital payment processing.

North America held the highest market share in 2020 owing to the adoption of advanced payment method and high investment in them.

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/hardware-security-modules-market-poised-to-reach-28-billion-by-2026/89037089

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Release ID: 89037089

Growing Adoption of Smart Home and Building Automation System Driving the Growth of Induction Cookers and Radiant Cookers With Touch Control Market.

Hyderabad, India – July 23, 2021 /MarketersMedia/ —

Induction Cookers and Radiant Cookers with Touch Control Market is expected to reach $27.5 billion by 2026 at a CAGR of 7.1% during the forecast period 2021-2026. Rising demand for time saving and energy efficient cooking appliances, shift towards modular kitchen in emerging economies, increasing awareness about safety has been attracting consumers all over the world to procure advanced cooking appliances.

The technology behind these cooktops involves the generation of an electromagnetic interference and heat transfer directly to the metal cookware that is made of ferrous metals. Thus the increased magnetic permeability of ferrous metals decreases the electrical resistance. In addition, thermal efficiency and thermal conduction capability of induction and radiant cookers is more efficient compared to traditional cooker which will drive the adoption of these cooktops. Furthermore, these products automatically shut off when cookware is not present on the top thus driving the market amidst the increased need for safety.

Induction Cookers and Radiant Cookers with Touch Control Market Segment Analysis – By Type

Induction Cooker is growing at a highest CAGR of 7.7% in the forecast period owing to its energy-efficiency and time-saving benefits. In addition, rise in demand for modular kitchens and implementation of stringent government regulations regarding energy saving contributes to the market growth. Similarly, growth in sales of household kitchen appliances further drives the household induction cooktops market growth. Moreover, introduction of eco-friendly and energy-efficient induction cookers with additional benefits such as the inclusion of more burners, noiseless operations, and advanced touchscreen functionalities will drive market adoption.

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Induction Cookers and Radiant Cookers with Touch Control Market Segment Analysis – By Integration

The rising focus on modular kitchens both in consumer and commercial applications will drive the demand for built in induction and radiant cookers. This segment is projected to grow at a faster rate of 7.9% during the forecast period. Rise in fuel prices for conventional gas cooktops and growth in trend for comfortable & safety benefits to the users are the major factors that accelerate the Induction Cookers and Radiant Cookers with Touch Control Market size in the forecast period.

For instance, Morphy Richards introduced its Chef Xpress 800 built in Induction Cooktop, which has different power levels with touch control that allow varying the cooking temperature and has six auto cook options and an auto off feature for safety purposes. Similarly several other companies have been introducing induction cookers with advanced touch and other features. Hence these advancements are analysed to drive the market in the forecast period 2021-2026.

Induction Cookers and Radiant Cookers with Touch Control Market Segment Analysis – By Geography

In 2020, Europe dominated the market with a market share of more than 36%, Rapid urbanization and adoption of energy efficient kitchen appliances by consumers are the key drivers impacting the market growth in the region. Moreover, changing lifestyle, increasing prices of conventional cooking fuel and increasing adoption of innovative smart kitchen appliances are some of the reasons for market growth in this region. The introduction of a wide range of enhanced models has significantly contributed to the market size.

Induction Cookers and Radiant Cookers with Touch Control Market Drivers

Growth of Smart home and building automation system

Growing adoption of smart home and building automation system in major regions of world is creating opportunities for Induction Cookers and Radiant Cookers with Touch Control Market. According to EUROACE, there are 31.2 million smart homes in Europe at the end of 2019 and are expected to reach up to 84.4 million homes by 2025. Similarly, smart home and building automation penetration in North America and APAC is rapidly growing in the forecast period. Hence the rising popularity of modular kitchens in smart homes and building automation enhance the market for these cooker in the forecast period 2021-2026.

Advancements and safety features related to Induction Cookers and Radiant Cookers

Induction Cookers and Radiant Cookers with Touch Control are being increasingly adopted to help improve the efficiency of legal variety of industries. Adding to this, rising awareness among people to choose kitchen appliances which are energy efficient along with enhanced safety features and advancements in heating technology are the major factors for the induction cooktops market.

Owing to electromagnetic field technology, these cookers heat 50% faster than traditional gas cookers and allow instantaneous temperature changes as the power level is adjusted. In addition to that, due to the absence of open flames, induction cookers are comparatively safer than LPG cylinders. Hence these benefits are analysed to drive the market in the forecast period 2021-2026.

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Market Landscape

Induction Cookers and Radiant Cookers with Touch Control top 10 companies include Whirlpool Corporation, SMEG S.p.A., LG Electroncis, Inc., Koninklijke Philips N.V., TTK Prestige Ltd, Electrolux Group, Robert Bosch GmbH, Sub-Zero Group, Inc., Panasonic Corporation, Miele Group among others.

Key Takeaways

In 2020, Europe dominated the Induction Cookers and Radiant Cookers with Touch Control Market share by more than 36%. Rapid urbanization and adoption of energy efficient kitchen appliances by consumers are the key drivers impacting the market growth in the region.

Induction Cooker is growing at a highest CAGR of 7.6% in the forecast period owing to its energy-efficiency and time-saving benefits.

Growing adoption of smart home and building automation system in major regions of world is creating opportunities for Induction Cookers and Radiant Cookers with Touch Control 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/induction-cookers-and-radiant-cookers-with-touch-control-market-size-expected-to-reach-275-billion-by-2026/89038215

Source: MarketersMedia

Release ID: 89038215

Increasing Adoption of Anti-scratch Glass Such as Soda Lime Silicate Due to Excellent Durability and Less Likely to Break Upon Impact Will Increase the Demand for Scratch Resistant Glass Market.

Hyderabad, India – July 23, 2021 /MarketersMedia/ —

Scratch Resistant Glass Market size is forecast to reach $2.83 billion by 2026, after growing at a CAGR of 9.2% during 2021-2026. With rise in the consumption of anti-scratch glass for smart phones the demand of scratch resistant glass market is expected to increase. Sapphire glass is majorly used in smartphones with high screen toughness and excellent clarity. Due to these properties scratch resistant glass used in various applications such as architectural interior, electronics, smart devices and so on. Hence, the increasing demand of smartphone users will further enhance the overall market demand for scratch resistant glass during the forecast period.

Scratch Resistant Glass Market Segment Analysis – By Material

Silica material type segment held a significant share in the scratch resistant glass market in 2020 due to excellent transmission of light in the visible region. The porous silica rich layer improvers the scratch resistant of the glass surface to be treated by immersion, spraying, and spinning. Silica, soda, and lime makes soda lime silicate which useful in variety of industries, including the consumer goods manufacturing, electronics equipment, and more.

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Scratch Resistant Glass Market Segment Analysis – By Type

Chemically strengthened glass segment held the largest share in the scratch resistant glass market in 2020 due to its wide usage in smartphones, watch, LED, and optical windows. It provides strength and damage resistance to smartphones and other devices and maintains its original elegance much longer. This glass mostly used in interior architectural because of high transparency and easy to clean. Chemical strengthened glass is used in a various transportation application such as boat windshield, railcar windshields, and airplane windshields.

Scratch Resistant Glass Market Segment Analysis – By Application

Electrical and electronics have been the primary market for scratch resistant in 2020 and is growing at a CAGR 9.5% during 2021-2026. This glass is very durable and avoids minor damages and scratches. Scratch resistant glass is more lightweight laptops and tablets with exceptional visual quality, while providing damage and scratch resistant from everyday handing and use. Scratch resistance glass such as sapphire glass, soda lime silicate and polycarbonate lenses are providing permanent protection form UV rays and excellent clarity. Hence, increasing consumption for wearable devices with ultimate combination of protection and performance that increases the demand of scratch resistant glass.

Scratch Resistant Glass Market Segment Analysis – By Geography

Asia Pacific dominated the scratch resistant glass market in 2020 with share of 30%, due to increasing demand of scratch resistant glass for smartphone, smart watches, LED, tablets, and medical devices in Asian countries such as India, China, Japan, and more. The growing adoption of sapphire glass in electronics application is expected to further drive the growth of the market in the region. In accordance to India Cellular & Electronics Association (ICEA), India has the competence to knock the door of a value of US$ 100 billion in manufacturing of laptops and tablets by 2025.

Scratch Resistant Glass Market Drivers

Increasing Adoption of Advanced Technology

Increasing adoption of advanced technology by smartphone, smart watch, tablets, and LED manufactures is expected to grow the growth of scratch resistant glass market. Sapphire glass provides clarity with high quality, screen protection, damages protection, and high durability. India’s big tech companies innovated a new gadget like smart watch FitX pro that incorporates a variety of features such as high quality and extreme durability. FitX pro watch works such as health monitor, fitness band, to measure blood pressure, blood oxygen level, heart rate, and BPM (beats per minute). However, increasing demand for scratch resistant glass for new technology and polycarbonates lenses from sunglasses industry will boost the consumption of scratch resistant glass.

Regular Creative Promotions in Electronics Market

Regular creative promotions in electronic equipment such as 5G smartphones and anti-resistant smart watch is expected to grow the market growth of scratch resistant glass market. China is developing 6G smartphone in coming years, which will increase the consumption of smartphone. With high consumption of new technologies, the market demand will be increasing due to manufacturers are used soda lime silicate glass in smartphones, smart watches and LEDs for high clarity and extreme durability. Additionally, production of new technology along with production of smart gadgets will increase the demand of the scratch resistant glass market.

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Scratch Resistant Glass Market Challenges

High Production Cost

Regular innovations can hamper the growth of the market of scratch resistant glass market as scratch resistant glasses are expensive more than normal glasses. Also, polycarbonate lenses are more expensive than plastic glasses and more cost effective than Trivex lenses due to excellent durability. Hence, these glasses require higher production cost and time consuming which is limiting the market growth of scratch resistant glass.

Scratch Resistant Glass Market Landscape

Major players in the Scratch resistant glass markets are Corning Incorporated, Asahi Glass, Nippon Electric Glass, Guradian Industries, Schoot AG, Monocrystal, Rubicon Technology, Kyocera Group, Crytalwise Technology, Inc., Edmund Optics Inc., and among others.

Acquisitions/Technology Launches

In July 2020, Corning Incorporated Company announced Corning® Gorilla® Glass Victus™; it improves ability of smartphones and to prevent from scratches. Corning’s newest generation of Gorilla Glass is not just better at withstanding drops.

Key Takeaways

Asia-Pacific dominates the scratch glass market owing to increasing demand from electronic sector for various devices such as smart phone, tablets, LEDs, medical devices, and more.

According to the India Brand Equity Foundation (IBEF), India’s medical device market is expected to increase at a CAGR of 35.4% to reach Rs. 352,450 crore (US$ 50 billion) in 2025 from Rs. 77,539 crore (US$ 11 billion) in 2020.

The growing adoption of thermal expansion of chemical strengthen glass and sapphire glass due to and thickness, is likely to aid in the market growth of fuel additives.

Increasing adoption of anti-scratch glass such as soda lime silicate due to excellent durability and less likely to break upon impact will increase the market demand for scratch resistant glass 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/scratch-resistant-glass-market-size-forecast-to-reach-283-billion-by-2026/89038245

Source: MarketersMedia

Release ID: 89038245

Head Up Display Market Growth Is Mainly Attributed to Increased Vehicular Traffic and Growing Production of Aircrafts

Hyderabad, India – July 23, 2021 /MarketersMedia/ —

The Head Up Display Market size is forecast to reach $7.1 billion by 2026, growing at a CAGR of 24.5% in the period 2021-2026. The growth of the Head Up Display Market is mainly attributed to increased vehicular traffic and growing production of aircrafts. For instance, revenue from aircrafts exports increased from $143.17 billion in 2017 to $156.61 billion in 2019 for the U.S. The Head Up Display Market is anticipated to immensely benefit from emergence of smart devices such as Garmin Head up Display (HUD) and SmartView Synthetic Vision, which has further elevated demand for head up displays. The need for improved steering and navigation, Instrument landing system have propelled the adoption of Synthetic vision systems such as Head Up Display. The improving technologies in terms of display and projection units with adoption of Liquid Crystal display on Silicon (LCoS), optical collimator and digital micromirror devices will drive the market projection.

Head Up Display Market Segment Analysis – By Technology

Optical waveguide head up displays is a major segment, accounting for around 56% in the Head Up Display market globally in 2020. They find application in the aviation sector owing to the advantages they offer in terms of data projection, easy installation and cost efficiency. In recent years, increased investments in the aerospace sector globally have fuelled demand for head up displays for aircraft steering and instrument landing systems. The U.S. has encouraged NATO countries to expand their aerospace and military expenditure.

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Head Up Display Market Segment Analysis – By Application

One of the significant growth factors for the Head Up Display market is the deployment of HUDs in civil aircrafts and passenger vehicles. The aviation segment for the Head Up Display market is poised to grow at a CAGR of 24.2% in the forecast period 2021-2026. Manufacturers have been increasingly forced to integrate advanced features such as head-up display with Liquid crystal displays and digital micromirror device to improve Display luminance. Research is being carried out to design innovative HUD interfaces aiming to reduce operator distraction and improve performance. Boeing has introduced its 787 advanced flight deck, incorporating head up displays, that integrates dual global positioning system receivers with triple-redundant flight management systems that enhances precise flight vision through aircraft steering and instrument landing systems.

Head Up Display Market Segment Analysis – By Geography

North America holds a dominant share of 37% in the head up display market in 2020, which can be attributed to increased investments in the aerospace sector. According to the Aerospace Industries Association, aerospace exports in U.S. have increased by 26% from $113 billion in 2012 to $154 billion in 2019. In 2019, the Canadian Department of National Defense awarded a contract worth $14.5m to Marconi Aerospace Defense Systems to develop and integrate vision imaging systems and head-up displays for the Canadian CH-146 Utility Tactical Transport Helicopter (UTTH).

Head Up Display Market Drivers

Increased Investments In The Military Sector

In the military and defense aviation sector, there has been a significant increase in the deployment of head up displays. This rise is attributed to the capability of HUDs to direct the pilot’s vision outside the aircraft and provide all the necessary flight information to the pilot. This results in an increase in overall efficiency and safety, which are essential considerations for the defense and military sectors. Moreover, demand for real-time monitoring of data by on-board instruments such as head up displays for improved aircraft steering and instrument landing systems in military aircrafts has consequently led to increased investments for deployment of head up displays in the aerospace sector.

Rise In Production Of Civil Aircrafts

As per the International Air Transport Association, passengers travelling by domestic airlines globally increased from 561 billion in 2018 to 589 billion in 2019. The rise in passenger traffic globally has subsequently called for an increase in the production of civil aircrafts. According to the International Air Transport Association (IATA), approximately 39,000 aircrafts are estimated to be produced by 2027. This is anticipated to significantly increase demand for head up displays in civil aircrafts. Moreover, companies are focusing on developing innovative head up displays for enhancing precision within aircrafts.

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Head Up Display Market Challenges

System Delays

In military applications, head up displays need to display the relevant information within a desired time frame. However, system delays often occur as a result of several factors including sensor delay, system processing speed and display update rate. Regardless of the source, the overall system delay results in the presentation of information that is inconsistent with the aircraft’s current state, further leading to errors in flight operation and reduced overall efficiency.

Head Up Display Market Landscape

Major players in the Head Up Display Market include BAE Systems, Thales Group, Nippon Seiki, Visteon, Bosch, Continental, Microvision, Elbit, Honeywell and Garmin Ltd.

Partnerships/Product Launches/Contracts

In July 2019, Leonardo S.p.A. signed a contract worth €300mwith the Armaments and Airworthiness Department of the Italian Ministry of Defense, aimed at supplying 13 M-345 High Efficiency Trainers (HET) equipped with head up displays.

In February 2019, Continental AG increased its investment in DigiLens Inc. from the $25m it had invested in 2016. This investment is targeted at developing a waveguide head up display that fulfills requirement of applications across industries such as aerospace, automotive and others.

Key Takeaways

The major driving factor in the Head Up Display Market is increased investments in the aerospace sector during the forecast period. In this sector, head up displays are being deployed to aid pilots and drivers in estimating the path and navigation and thereby enhancing flight and driver control and steering through synthetic vision systems.

Head up displays are being majorly deployed in small and mid-size aircrafts owing to their compactness, high accuracy sensors and cost efficient relay optics that are used to project the HUD image to the pilot. This has driven demand for projector units which hold the largest market share of around 28% in the components segment.

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/head-up-display-market-size-forecast-to-reach-71-billion-by-2026/89038241

Source: MarketersMedia

Release ID: 89038241

Increasing the Deployment of Control Valves. Integration of Control Valve Actuators With These Technologies Set to Drive the Process Automation Control Valves Market.

IndustryARC, India – July 23, 2021 /MarketersMedia/ —

The Process Automation Control Valves Market size was $6.2 billion in 2020 and is expected to grow at a CAGR of 6.1% during forecast period 2021-2026. Growth of the process automation control valves market can be attributed to increasing application of control valves in food & beverage, oil and gas, utilities, pharmaceutical, chemical and other industries and adoption of Internet of Things (IoT) technology in the process industries.

The Global process automation control valve market is poised to witness significant growth during the forecast period. With the emergence of industry 4.0, there is high adoption of actuator valves, pneumatic solenoid valves and other valves for process automation. The growing demand for plant safety in manufacturing industries coupled with growing concern for personnel safety has led to the increasing deployment of process automation control valves.

Process Automation Control Valves Market Segment Analysis- By Accessories

Actuators dominated the process automation control market with a major share 44.6% in 2019. Introduction of IoT and automation technologies in various industries set to propel the demand for process automation control valves. In control valves, the actuators can fully rotate its head by 360° which allows flexible installation and optimization. This helps in reducing overall installation cost and optimizes the incorporation of actuators in manufacturing processes, thereby fueling the market growth.

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Process Automation Control Valves Market Segment Analysis- By End Use Industry

The Food & Beverage (F&B) Industry segment is projected to grow at a CAGR of 8.4% during the forecast period 2021-2026. In this industry, control valves are used mainly for managing steam which is the most critical component in food processing. There has been growing adoption of automation technology in this industry as it is required to maintain critical control points such as hazard Analysis and critical control point (HACCP) to meet safety standards of food safety authorities.

Regulations by food and drug administration (FDA) for the valves which come into direct contact with food, in which inside of the valve should be smooth enough to avoid trapping particles or bacterial accumulation have been creating opportunities for the up-gradation of food plants with new infrastructure. These types of regulations have been forcing to use aseptic control valves and implement process automation in the food & beverage industry.

Process Automation Control Valves Market Segment Analysis- By Geography

North America region led the process automation control valves market in terms of revenue share, and held 37.4% share in 2020 due to technological advancements and growing demand for cutting edge instrument across different industry verticals in the this region. In the U.S., Environmental Protection Agency (EPA) has mandated to limit the use of traditional spring diaphragm actuators in order to reduce greenhouse gas emissions. The replacement of these actuators with pneumatic actuator valves has been reducing methane and volatile organic compounds emissions. Government regulations and early adoption of advanced technologies have been escalating the demand for process automation control valves in this region.

Process Automation Control Valves Market Drivers

Adoption of IoT Technology is enhancing the performance of control Valves in process Industries

In recent years, the processing industries such as oil & gas, chemical and others have started exploiting IoT technology. IoT helps in improving operational efficiency of control valves. There has been increasing demand for adoption of IoT System in industries as this system is integrated with smart valves which are equipped with intelligent control systems, wireless vibration sensors and embedded processors. These sensors send notifications and data to a centralized monitoring system. In addition to these, IoT is also used for real time remote access, predictive control valve maintenance. Thus, IoT can be applied to improve the performance and efficiency of control valves, which in turn, will save maintenance costs and create a more secure work environment, thereby fueling the process automation control valves industry.

Advancements in Technology

Advancements in technology have created innovative solutions that can help process plants to become increasingly more efficient through streamlining of their operations. Incorporating sensor technology to control valves in order to provide safe operation along with high performance in industries is creating demand for process automation. Another technology digital field bus protocol has been playing crucial role in manufacturing industries. Industrial field bus network systems are used to connect instruments in manufacturing plants that require considerably less wiring. Adoption of advanced technologies in manufacturing industries for controlling the valves is set to drive the process automation control valves market size.

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Process Automation Control Valves Market Landscape
Process automation control valves top 10 companies include Emerson Electric Co, Flowserve Corporation, Weir Group, Curtiss-Wright Corporation, Honeywell International Inc, Schlumberger Limited, IMI plc, Crane Co, KITZ Corporation, Metso Corporation, Samson controls, and others.

Key Takeaways

North America dominated the process automation control valves market owing to high adoption of automation technologies in industries combined with stringent regulations in 2020.

Implementation of advanced technologies such as IoT, artificial intelligence and automation technologies in manufacturing industries have been increasing the deployment of control valves. Integration of control valve actuators with these technologies set to drive the market.

Growing trend for digitalization and automation in conventional plants is leading to higher demand for control valves, thereby increasing the market growth.
High investment for adoption of automation technologies in industries is a major challenge which hampers 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/process-automation-control-valves-market-size-to-grow-at-a-cagr-of-61-during-the-forecast-period-2021-2026/89038235

Source: MarketersMedia

Release ID: 89038235

Market for Banana Powder Is Increasing Owing to Increasing Demand in the Cosmetics Industry and Rising Customer Health Consciousness.

Hyderabad, India – July 23, 2021 /MarketersMedia/ —

Banana Powder Market size was estimated at $936.7 million in 2020, projected to grow at a CAGR of 5.1% during the forecast period 2021-2026. The Banana Powder industry has witnessed huge demand. Bananas are high in potassium, proteins, and vitamins, making them suitable for a balanced diet. They’re high in vital nutrients and can help with digestion, heart health, and weight loss. It contains dietary riboflavin also known as vitamin B2 and antioxidants. They are also a very easy snack food, rich in carbohydrates in addition to being very nutritious. To prolong the shelf life of raw bananas, the water content is removed. Banana powder is made from bananas that have been processed. It’s a natural food ingredient and is commonly used in milkshakes and baby foods.

Banana Powder Market Segment Analysis – By Application

Based on Application, Banana Powder Market is segmented into Beverages, Feed Industry, Pet Food, Cosmetics, Household, and Food Industry. Food Industry segment is accounted for the largest revenue market share in 2020. This is majorly attributed to the widespread use of banana powder in drinks and baby food. Furthermore, since it is high in potassium and other essential nutrients, banana powder aids in the development of immunity in babies, which is contributing to the segment’s growth. The green unripe bananas contain mostly starch and resistant starch, but the starch transforms into sugar when the banana ripens (glucose, fructose and sucrose).Cosmetics segment predicted to grow with the fastest CAGR of 5.6% in the forecast period 2021-2026.

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Banana Powder Market Segment Analysis – By Source:

Based on Source, Banana Powder Market is segmented into Organic, conventional. Conventional segment has accounted for the largest revenue market share in 2020. Organic bananas are one of the most commonly consumed crops on the planet. More than half of the bananas consumed in the United States come from Ecuador, India, or China. Organic methods depend solely on natural methods to promote plant growth and eradicate predatory insects, while conventional methods use synthetic fertilizers and pesticides. Although some people believe that organic bananas are more nutritious and contains good amount of dietary riboflavin and taste better than conventional bananas.

Banana Powder Market Segment Analysis – By Geography

Based on Geography, Asia-Pacific Banana Powder Market accounted for the 40% revenue share in 2020. This is majorly attributed to the countries such as India, Australia and China are highly producing and eating banana fruits. For example, India is the largest banana producer followed by China, according to FAO documentation. The UN Food and Agriculture Organisation. In the next few years, the European banana powder market is expected to represent a significant consumer share. North America is poised to grow with the fastest CAGR in the forecast period 2021-2026.

Banana Powder Market Segment Analysis – Drivers

Increasing Demand of Banana Powder in Cosmetics Industry:

A major contributor to this segment’s growing demand for banana powder in the cosmetic industry. In addition, for all skin types banana can be used. A face mask will gently feed, purify, exfoliate and moisturize aging, skin acne aging, dry, and ordinary and mixed skin, with anti-aging and antioxidant properties. Bananas, also known as natural botoxes, have super-wrinkle nutrients which help to fade age spots and avoid developing fine lines and wrinkles. These are therefore the major advantages that will drive future banana powder demand, which increase banana powder market growth.

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Banana Powder Market Segment Analysis-Challenges

Allergic Reactions by Banana:

The market growth is challenged by high maintenance requirements for storage. In addition, constant changes in raw material prices and additional banana powder calories leading to undesirable weights further limit its market development. Though it is a natural food ingredient, some individuals, however, may be allergic to banana use, and this, coupled with some product recalls, may impede the global demand for the powder of bananas. Most people consider bananas to be one of the first solid foods that a baby can feed. Some people may like, however, completely to avoid bananas.

Banana Powder Market Segment Landscape:

Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Banana Powder Market. Banana Powder Market top 10 companies are Mevive International, Naturalin Bio-Resources Co. Ltd, Fyffes, Banana Link, Banatone Industries, Del Monte Fresh, Santhosh Food Products, Aarkay Food Products Ltd, NuNaturals Inc, Urban Platter, Babyvita India Food Products, Royal Nut Company.

Acquisitions/Product Launches:

In February, 2021, Fresh Del Monte Produce Inc announced a partnership with the Queensland Technology University (QUT) based in Brisbane, Australia, through its subsidiary Del Monte International GmbH to drive research towards developing disease-resistant bananas. This collaboration will aid in identifying new methods of cultivating Bananas, also known as Fusarium or Panama Disease, less vulnerable to Tropical Race 4 (TR4) and more sustainable to our food supply.

Key Takeaways

Bananas are rich in antioxidants that help minimize free radical damage and reduce the risk of certain diseases.

Its application in a variety of industries, from food and cosmetics to pharmaceuticals and feed, has prompted its development all over the world.

Owing to the rising consumer awareness of the health benefits of bananas and high banana production and consumption, Asia Pacific dominated the Banana Powder Market in 2020.

The market for banana powder is increasing owing to increasing demand in the cosmetics industry and rising customer health consciousness.

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/banana-powder-market-projected-to-grow-at-a-cagr-of-51-during-the-forecast-period-2021-2026/89037058

Source: MarketersMedia

Release ID: 89037058