Monthly Archives: July 2021

Long Term Evolution (LTE) Market Forecast to Reach $84.1 Billion by 2026

Increasing Adoption of Long Term Evolution Due to Increasing Data Usage in Demanding Applications Along With Public Safety LTE Networks Demands Have Been Fueling the Growth of LTE Market.

Hyderabad, India – July 12, 2021 /MarketersMedia/

Global Long term evolution (LTE) Market is forecast to reach $84.1 billion by 2026, growing at a CAGR of 22.4% during the forecast period from 2021 to 2026. Rising adoption of smartphones have been driving the need for higher internet connectivity, wireless broadband connectivity, particularly 4G wireless broadband technology, thus causing higher adoption for LTE services.

Increasing adoption of long term evolution due to increasing data usage in demanding applications along with public safety LTE networks demands have been fueling the growth of LTE market.

Long Term Evolution (LTE) Market Segment Analysis – By Application

On the basis of application, the long term evolution (LTE) market has been segmented under VoLTE, Video on demand, Defense and Public safety, Surveillance and browsing and Others. With growing demands towards high internet connectivity as well as growing smartphone penetration, VoLTE application is anticipated to have a major share in the long term evolution market at 38.5% in 2020.

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Long Term Evolution (LTE) Market Segment Analysis – By Technology

On the basis of technology, the LTE market has been segmented into LTE-TDD, LTE-FDD and LTE Advanced. LTE Advanced Pro solutions are analyzed to witness a significant market growth over the forecast period 2021-2026 at 26.5%, due to its capability of optimizing network resources. Leveraging NFV technology can help the service providers to move network functions from dedicated appliances to generic servers with higher flexibility, thereby affecting its growth in the LTE Advanced Pro market.

Long Term Evolution (LTE) Market Segment Analysis – By Geography

Asia-Pacific is anticipated to have a major growth in the global Long term Evolution (LTE) market at 26.4% during the forecast period from 2021 to 2026. Increasing smartphones user penetration and growing digitization have been helping towards significant growth for long term evolution market in the region. Moreover, growing urbanization along with rising growth of various industrial sectors has been fueling the growth for Long term Evolution (LTE) market in this region.

Long Term Evolution (LTE) Market Drivers

Growing adoption due to increased data usage

Increased demands for high data usage has been acting as one of the major driving factor towards causing significant growth for long term evolution (LTE) market. Due to growing smart phone penetration, there are higher demands towards high performance and much faster network delivery, thus boosting the growth of long term evolution market. Usage of long term evolution (LTE) services help the customers towards reducing the traffic as well as causes fewer crashes in the service, thus causing user satisfaction.

Moreover, growth of various industries has been causing higher data requirements, thereby driving the need for better and more efficient network connectivity. Deployment of long term evolution (LTE) technology in place of GSM, CDMA and UMTS helps in providing high speed data connectivity for higher amounts of data more efficiently.

Rising demands of public safety LTE

The rising demands towards public safety long term evolution (LTE) has been acting as a major growth driver for causing significant growth in the long term evolution market. Deployment of LTE for public safety has been widely growing due to technological advancements supporting more high data rate applications. Public safety LTE networks are generally funded by government bodies to help the public safety agencies or departments by providing a much more secured as well as standardized communication service with voice and broadband data.

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Long Term Evolution (LTE) Market Challenges

Replacement with 5G

Rising technological advancements such as evolving 5G technology has been acting as one of the major challenges hampering the growth of long term evolution market in the near future. With rising growth of advanced mobile applications such as video streaming, gaming and many others, demands for higher internet connectivity is also increasing. Since 5G makes use of higher frequency bands compared to LTE networks, thus helping to stay connected amidst busy environments more effectively. Moreover, compared to LTE, 5g offers lower latency and will be helping users to download as well as upload data much faster, thus providing a better network coverage. Such factors are anticipated to restrain the growth of LTE market in the near future.

Long Term Evolution (LTE) Market Landscape

Major key players in the Long Term Evolution (LTE) Market include Verizon Wireless, Huawei Technologies Co Ltd., Ericsson, Altacel-Lucent S.A., Motorola Solutions Inc., Samsung, Qualcomm, Nokia Corporation, HTC Corporation and AT &T Inc.

Partnerships/Product Launches/Acquisition

In February 2020, Ethio Telecom had announced of launching state of the art LTE advanced mobile internet service. With this, the company had expanded its existing limited LTE network coverage for increasing customer demands across regional cities. Moreover, the new LTE advanced mobile internet services will help in enhancing customer experience by providing reliable connection through exceptional data speeds for downloading/uploading along with high quality live streaming and real time video conferencing.

In January 2020, Rakuten Mobile had announced of launching full commercial services along with expanding its availability of green filed 4g LTE network for its 25,000 customers. The company has scheduled its plan towards deploying a fully virtualized cloud naïve mobile network, thus improving efficiency standards compared to traditional telecom networks.

Key Takeaways

Voice over LTE or VoLTE is expected to have a major market share during the forecast period 2021-2026 in the Long term Evolution (LTE) market owing to its high definition data and voice call facilities.

Key players such as Samsung and Huawei Technologies Co Ltd. are acting as major drivers towards boosting the growth of long term evolution services in APAC region.

Increasing demands towards public safety LTE along with growing adoption of LTE services due to increasing data usage demands are some of the major driving factors causing signifacant growth of long term evolution market.

Related Reports :

A. Voice Over LTE Market
https://www.industryarc.com/Research/Voice-Over-LTE-Market-Research-502547

B. LTE Base Station System Market
https://www.industryarc.com/Research/LTE-Base-Station-System-Market-Research-502784

For more Information and Communications Technology Market reports, please click here

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Release ID: 89035293

Compressor Oil Market Size, Share, Trends, Application Analysis and Growth by Forecast to 2021-2031 | FMI

2021 Analysis and Review: Compressor Oil Market by Oil Type – Synthetic Oil, Semi Synthetic Oil, Mineral Oil, and Bio Based Oil for 2021 – 2031

Dubai, United Arab Emirates – July 12, 2021 /MarketersMedia/

The global compressor oil market is expected to reach a valuation of US$ 26.7 Bn in 2021, according to a study by Future Market Insights (FMI). The overall compressor oil market is expected to follow positive growth trajectory, expanding at a CAGR of 4.6% for forecast period of 2021- 2031. 

Spike in consumer power requirements and increasing focus on sustainable electricity production have fueled the demand for compressors in oil & gas and other industries. Rapid urbanization and growing middle class population around the world will create novel growth opportunities for compressor oil market.

Growing investments towards developing environment friendly compressor oil which has high sustainability will propel the compressor oil market growth, finds ESOMAR-certified consulting firm Future Market Insights in this study.

To Get Sample Copy of Report Visit @ https://www.futuremarketinsights.com/reports/sample/rep-gb-4871

Industrial compressors require oil lubed pimps which need frequent oil changes and good lubrication.  Oil compressors have long life and oil plays an important role in improving the life of compressor.

Extensive research and development initiatives and heavy investment from leading market players have led to emergence of oil free compressors. This new range has a working life of 2000 hours thus giving more returns to both manufacturers and industrialists.

Rising adoption of such products will negatively influence the market growth of compressor oils. Despite this, the demand of synthetic oil is predicted to increase throughout the forecast period owing to its versatility in terms of use in wide range of compressors.

World is transitioning from mineral oil based compressor oils to organic and bio-based compressor oils. Bio-based compressor oils produce low carbon emission and amidst strict environmental regulations and policies, it is experiencing tremendous growth across wide range of industries.

The demand for bio-based compressor oils is expected to remain consistent in upcoming years on the backs of constant innovation and sustainable development.

“Increasing demand for consumer applications like refrigerators and air conditioners due to improved standard of living will directly fuel the compressor oil market demand throughout the forecast period,” said FMI analyst. 

Key Takeaways

About one-sixth of global demand of compressor oil comes from the U.S. Increasing demand of compressor in automobile, oil & gas, and power industry will fuel the compressor oil market demand in the U.S.
Rapid industrialization and thriving chemical, power, and automotive and transportation industry will drive the compressor oil market demand in China.
Presence of automotive giants in Germany and thriving end use industries will accelerate the compressor oil market growth in the country.
Growing electrification to accommodate the growing economy of India along with booming mining industry in the country has accelerated the compressor oil market demand.
Rising popularity of electric cars to reduce the environment pollution and uneven oil demands on global level will negatively influence the market growth in GCC countries.
Increasing production of automotives in U.K. will directly elevate the demand for compressors, leading to 6% y-o-y growth of compressor oil market in 2021.

For More Details, Ask Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-4871

Prominent Drivers

Increasing demand of compressor in wide range of applications like power and energy sector is driving the compressor oil market growth.
Growing investment in research and development of eco-friendly compressor oil is further fuelling the market growth.
Elevated demand of uninterrupted and reliable electricity supply will magnify the compressor oil market demand.

Key Restraints

Introduction of oil free compressors which provides better returns than oil based compressors is restricting the market growth.
High cost of bio-based and synthetic compressor oils hinders the market demand.
Stringent environment policies regarding manufacturing of mineral oil based compressor oil hampers market growth.

Competitive Landscape

According to FMI, market players are working towards finding ways to produce high quality products are cheaper price and sustainable supply over long duration of time. Such approach will assist manufacturers to carry out their operations effectively.

Smaller market players are signing long term agreements with manufacturers to supply custom products at competitive pricing especially for end-use applications.

Leading players profiled by FMI operating in compressor oil market include:

Exxon Mobil Corporation
Total S.A.
Sinopec group
Royal Dutch Shell plc
Atlas Copco Group
BASF SE
British Petroleum plc
Dow
Croda International
Sasol Limited
FUCHS
Chevron Corporation

More Insights On FMI’s Compressor Oil Market

The latest market study on global compressor oil market by Future Market Insights gives a detailed segmentation for the forecast period of 2021-2031. In order to gain a better perspective of the global market potential, its growth, trends, and opportunities, the market is segmented on the basis of

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By Oil Type

Synthetic Oil
Mineral Oil
Semi Synthetic Oil
Bio Based Oil

By Compressor

Reciprocating Compressors
Sliding Vane Compressors
Centrifugal Compressors
Screw Compressors
Rotary Compressors

By End Use

Oil & Gas
Automotive
Power
Manufacturing and Others

By Sales Channel

OEM
Aftermarket

Region

North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East and Africa (MEA)

Contact Info:
Name: Abhishek Budholiya
Email: Send Email
Organization: Future Market Insights
Website: https://www.futuremarketinsights.com/reports/compressor-oil-market

Source URL: https://marketersmedia.com/compressor-oil-market-size-share-trends-application-analysis-and-growth-by-forecast-to-2021-2031-fmi/89035349

Source: MarketersMedia

Release ID: 89035349

Low Rolling Resistance Tire Market: 2021 Industry Size, Share, Uses, Price, Trends, Growth 2021-2031

2021 Analysis and Review: Low Rolling Resistance Tire Market by End User – Original Equipment Manufacturers (OEMs) and Aftermarket for 2021 – 2031

Dubai, United Arab Emirates – July 12, 2021 /MarketersMedia/

According to Future Market Insights, the low rolling resistance tire market is forecast to grow exponentially through the forecast period at a compound annual growth rate (CAGR) at 11% between 2021 and 2031. The rise in global sales of the low rolling resistance tires in 2021 can be attributed to increasing sales of passenger vehicles.

Increasing consciousness regarding environmental sustainability is pushing manufacturers towards adopting organic materials and sustainable production processes. This trend is expected to drive growth in the market over the coming years.

As per data published in the Global Fuel Economy Initiative (GFEI), around 2.7% annual improvement in fuel economy is desired to reduce the automotive emissions and reduce the number of new light duty vehicle fuel economy by 50% till 2030.

Similarly, as per the International Energy Agency, new light duty vehicles (LDVs) consumed at an average of 7.2 liters of gasoline-equivalent per 100 km (Lge/100 km) in 2017. Rising pressure from international organizations to improve fuel efficiency and control carbon emission will boost the market growth.

To Get Sample Copy of Report Visit @ https://www.futuremarketinsights.com/reports/sample/rep-gb-1533

Wide band width low rolling resistance tires are gaining traction in automotive sector as they distribute the load of vehicle over the large surface area evenly. This attribute restricts tire damage from frictional heat.

Installation of wide band width tires assists in enhancing fuel economy and improves cargo carrying capacity of vehicle. Such properties will fuel the low rolling resistance tire market sales.

Aftermarket sales of low rolling resistance tire are relatively high as there is consistent demand for good quality tires to improve the automotive life cycle. With increasing number of vehicle owners are trying to reduce operating cost of vehicle, low rolling resistance tires demand is expected to increase throughout the assessment period.

“Drastic and important changes in automotive manufacturing to reduce the carbon footprint by improving fuel economy of vehicle will elevate low rolling resistance tire market growth,” remarks the FMI analyst. 

Key Takeaways

Increasing demand for low rolling resistance tires, thriving automotive industry and strict government regulations will provide lucrative growth opportunities in the U.S.
Surge in number of tire makers along with growing automotive demands in China will drive the low rolling resistance tire market growth in the country.
Indian tire market is going through a transition period which is creating growth opportunities for low rolling resistance tire producers. With increasing government initiatives to reduce carbon footprint along with downsizing the curb weight of automobile the demand for low rolling resistance tires will continue rising in India.
Presence of leading market players such as Yokohama and Bridgestone along with increasing modernization in tire industry in Japan will accelerate the low rolling resistance market growth.
Expanding electric vehicle industry coupled with presence of automotive market leaders in the country will drive the market growth in Germany.

For More Details, Ask Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-1533

Prominent Drivers

Rising adoption of low rolling resistance tires in commercial and passenger vehicles due to modified vehicular design will accelerate the low rolling resistance tire market growth.
Strict government policies to curb rising emission by modifying vehicle design will drive the market growth.
Increasing government efforts to improve efficiency and make vehicle more economical will intensify the market growth.

Key Restraints

High regular capital investment required to consistently upgrade the technology hampers the adoption of low rolling resistance tire system among small manufacturers leading to reduced sales.
Rising cases of skidding related accidents and fatalities restricts the low rolling resistance tire market growth.
Expensive nature of low rolling resistance tire will negatively influence the low rolling resistance tire market sales in middle income market.

Competitive Landscape

As per Future Market Insight’s analysis, market players are emphasizing on providing new products with modern low rolling resistance gripping technology to expand their market foothold.

The key market players are also engaging in inorganic methods like strategic acquisitions, mergers and collaborations to standout in the highly competitive market.

The Goodyear Tire & Rubber Company led the proceedings to acquire of Cooper Tire & Rubber Company in February 2021. The company was valued at about US$ 2.5 Bn. The acquisition will combine product portfolios of both the companies and offer diversity of complementary brands. It will also provide a sturdy US-based manufacturing center to Goodyear Tire & Rubber Company along with dominance in distribution and retail channels across the light trucks and LUV product segments.
Sumitomo Rubber Industries Ltd. started a joint research program with Kansai University in March 2021. The program aims at developing electric generation module powered by the rotation of a tire. The task can be accomplished by attaching a power generator on the inside of a tire to harness the static electricity generated during rotation.

According to FMI’s report, the following low rolling resistance tire manufacturers currently operate in the global market:

Bridgestone Corporation
The Goodyear Tire & Rubber Company
Sumitomo Rubber Industries Ltd.
Pirelli & C S.p.A
Hankook Tire
MICHELIN
Continental AG

More Insights on FMI’s Low Rolling Resistance Tire Market

The latest market study on global low rolling resistance tire market by Future Market Insights gives a detailed segmentation for the forecast period of 2021-2031. In order to gain a better perspective of the global market potential, its growth, trends, and opportunities, the market is segmented on the basis of:

Download Methodology of this Report @ https://www.futuremarketinsights.com/askus/rep-gb-1533

Vehicle Type

Passenger Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle

Width Type

Dual Type
Wide Band Type

Sales Channel

OEM
Aftermarket

Region

North America (US and Canada)
Latin America (Brazil, Mexico and Rest of Latin America)
Europe (Germany, France, Spain, UK, Italy, Nordics, BENELUX, Russia and Rest of Europe)
East Asia (China, Japan and South Korea)
South Asia (India, Malaysia, Thailand, the Philippines and Rest of South Asia)
Oceania (Australia and New Zealand)
Middle East & Africa (GCC, South Africa, Turkey and Rest of MEA)

Contact Info:
Name: Abhishek Budholiya
Email: Send Email
Organization: Future Market Insights
Website: https://www.futuremarketinsights.com/reports/low-rolling-resistance-lrr-tire-market

Source URL: https://marketersmedia.com/low-rolling-resistance-tire-market-2021-industry-size-share-uses-price-trends-growth-2021-2031/89035360

Source: MarketersMedia

Release ID: 89035360

Photocatalyst Market Size Expected to Reach $4.6 Billion by 2026

The Increase in the Concern and Importance Over Pollution of Water Bodies and the Air-Quality Across Various End-Use Industries is Hugely Driving the Photocatalyst Market.

Hyderabad, India – July 12, 2021 /MarketersMedia/

Photocatalyst Market size is expected to be valued at $4.6 billion by the end of the year 2026 and the photocatalyst industry is set to grow at a CAGR of 9.3% during the forecast period from 2021-2026. The increase in the growth of the photocatalyst market is due to the increase in adoption of titanium dioxide (a heterogeneous binary metal oxides photocatalysts), which is produced from heterogeneous catalysis, extensively used for the water treatment process and removal of organic colored pollutants due to its exceptional chemical and physical stability.

Photocatalysis process enables the formation of electric pair holes which is necessary for creating electricity in any electronic product. This increases the need and demand for the photocatalyst market. Furthermore, the need for fresh water and low Volatile Organic Compounds (VOC) content paints and coatings coupled with the increasing infrastructure growth across the globe is also hugely driving the photocatalyst market.

COVID-19 impact

The Covid-19 pandemic has led to the slowdown of photocatalyst market in terms of production and supply chain. This has affected the photocatalyst market in many aspects like overstocking of inventories, supply chain constraints, and disruption in production leaving those companies in huge losses. The economic slowdown has led to the disruption of the operations and production of the photocatalyst market which has caused huge losses to the photocatalyst industry.

Photocatalyst Market Segment Analysis – By Product Type

The titanium dioxide segment held the largest share of more than 30% in the photocatalyst market in the year 2020. The increase in demand for titanium dioxide can be attributed to its superior chemical and physical properties such as high stability. Titanium oxide is extensively used in the building and construction industry and the increase in the growth of the building and construction industry is further accelerating the growth of titanium dioxide in the photocatalyst market.

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Photocatalyst Market Segment Analysis – By Form

Powder segment held the largest share of more than 25% in the photocatalyst market in the year 2020. Powdered titanium dioxide is used in various key-use industries. There are many types of powdered titanium dioxide, such as hydrogenated powder, alloy powder, and others, used in various end-use industries like hydrogen power generation, 3D printers, manufacturing activities, and many more.

Photocatalyst Market Segment Analysis – By Application

Self-Cleaning segment is likely to have the highest application in the photocatalyst market in the year 2020. The rising awareness and concerns associated with the maintenance and cleanliness of buildings are driving the self-cleaning segment of the photocatalyst market. The increase in the adoption of self-cleaning applications in the infrastructure and construction industry is further increasing the demand for the photocatalyst market.

Photocatalyst Market Segment Analysis – By End-Use Industry

Building and construction segment held the largest share in the photocatalyst market in the year 2020. Titanium dioxide is extensively utilized in the building & construction industry for various major applications which includes air purification, self-cleaning, and self-disinfectant applications. It is used in various applications of the construction industry such as coatings, flooring, and others.

Photocatalyst Market Segment Analysis – By Geography

Asia-Pacific region held the largest share in the photocatalyst market in the year 2020. The increase in building and construction activities in countries like China, India, and South Korea in the APAC region is expected to drive the photocatalyst industry in the Asia-Pacific region.

Photocatalyst Market Drivers

Increasing concern over pollution

Rising need for less VOC content paints and coatings

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Photocatalyst Market Challenges

Availability of substitutes

The challenge of substitutes exists within the market. The availability of zinc oxide and cadmium sulfide is threatening the replacement of titanium oxide, the highest-grossing substance in the photocatalyst industry. The substitutes are also available at cheaper prices and are affordable. The price of zinc oxide in India is US$3.44 (Rs.250) per 100 grams.

Market Landscape

Major players in the Photocatalyst Market are CRISTAL, TiPE, TOTO Corporation, KRONOS Worldwide Inc., JSR Corporation, OSAKA Titanium Technologies Co. Ltd, Ishihara Sangyo Kaisha Ltd., BASF SE, Kronos Worldwide, Inc., and Green Millennium among others.

Acquisitions/Technology Launches

In April 2019, the titanium oxide business of CRISTAL was acquired by Tronox Holdings which will further strengthen the position of Tronox Holdings in Saudi Arabia.

Key Takeaways

APAC market held the largest share in the photocatalyst market owing to the growth of the construction sector and significant research and development activities in the countries in the region like China, India, and South Korea.

One of the significant reasons contributing to the growth of the photocatalyst industry is the extensive use of titanium dioxide in the water treatment process and removal of organic colored pollutants.

The increase in awareness about not polluting the water resources and air quality is also highly driving the photocatalyst market.

The covid-19 pandemic has affected the photocatalyst market in adverse ways halting the growth of the market.

Related Reports:

A. Nano Titanium Dioxide Market

https://www.industryarc.com/Research/Nano-Titanium-Dioxide-Market-Research-501435

B. Ferro Titanium and Ferro Vanadium Market

https://www.industryarc.com/Report/18965/ferro-titanium-and-ferro-vanadium-market

For more Chemicals and Materials Market reports, please click here

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

Contact Info:
Name: Venkat Reddy
Email: Send Email
Organization: IndustryARC
Phone: (+1) 970-236-3677
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Source URL: https://marketersmedia.com/photocatalyst-market-size-expected-to-reach-46-billion-by-2026/89035325

Source: MarketersMedia

Release ID: 89035325

Aluminum Composite Panel Market Size Forecast to Reach $10.23 Billion by 2026

Increasing Demand for Lightweight Materials in Construction Is Majorly Driving the Growth of Aluminum Composite Panel Market

Hyderabad, India – July 12, 2021 /MarketersMedia/

Aluminum Composite Panel Market size is forecast to reach $10.23 billion by 2026, after growing at a CAGR of 7% during 2021-2026. These panels are frequently used in interior & exterior applications like facial panels, column covers, and display units. Aluminum and a low-density polyethylene core material make up an aluminum plastic composite panel.

It’s the most popular product use, and it’s used on both the inside and outside of buildings. The key components of aluminum composite panels is polyvinylidene fluoride and polyester which have excellent weather resistance and because of this they are used in curtain wall decoration and specific occasions which is increasing demand for aluminum composite panel.

COVID 19 has a major impact on the building industry in developing countries such as India and China. The sector is critical to India’s overall growth, and the government has placed a high priority on enacting policies that will ensure the country’s construction of world-class infrastructure in a timely manner. Therefore, India requires investment worth Rs 50 trillion (US$ 777.73 billion) in infrastructure by 2022 to have sustainable development in the country.

Aluminum Composite Panel Market Segment Analysis – By Product

Polyvinylidene fluoride (fluorocarbon) segment held the largest share in the aluminum composite panels market in 2020 followed by polyester to protect the aluminum panel from fire, chemical, UV rays antibacterial. PVDF (polyvinylidene fluoride) aluminum composite panels have a high mechanical quality that allows for a variety of modern uses, as well as sturdiness and hardness, as well as outrageous unbending natures and a low cost.

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Aluminum Composite Panel Market Segment Analysis – By Composition

Core material segment dominated the aluminum composite panel market in 2020 due to high production efficiency and low raw material cost. Core material and cover sheets of aluminum composite panel can be recycled and reused. Polyethylene core materials in discarded aluminum-plastic panels can be recycled 100% with low environmental load. In addition, wooden aluminum composite panels and outdoor decorative aluminum plastic panels are made of fluorocarbon coatings.

Aluminum Composite Panel Market Segment Analysis – by End Use Industry

Building & construction sector has been the primary market for aluminum composite panel in 2020 and is expected to grow at a CAGR of 7.2% during this forecast period, owing to increasing demand for both exterior and interior buildings structures such as offices, supermarket, airports, hotels, school, hospitals, residential and industrial buildings. Aluminum composite panels offer excellent durability, fire resistance, and weather proof in residential and non-residential sectors.

Aluminum Composite Panel Market Segment Analysis – By Geography

Asia pacific dominated the aluminum composite panel market with followed by North America in 2020 with 32% due to increasing investment in this region. According to National Development and Reform Commission (NDRC), China has resumed construction and railway projects. China resumed operation with 97% of major highway and waterway projects and 87% of airport projects also.

Aluminum Composite Panel Market Drivers

Increasing Demand for lightweight Materials in Construction

Industrial Expansions in Emerging Economies

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Aluminum Composite Panel Market Challenges

High Price of Raw Materials

Material availability and prices of core materials such as polyethylene, aluminum metal and other coating materials are volatile thus affects the overall price of aluminum composite panel’s. Compared to other construction materials, the raw materials of aluminum composite panels are also expensive and manufacturing costs are also high. Fluctuating crude oil prices and fluctuations in foreign currencies have led to increased cost of raw materials. The initial capital investment required is high to develop facilities for production smelting, refining and metal recovery. Thus, this factor is restraining market growth.

Aluminum Composite Panel Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the aluminum composite panel market. Major players in the aluminum composite panel market top 10 companies are Yaret Industrial Group, Mitsubishi Chemical, Alubond U.S.A., Alumax Industrial, Shanghai Huayuan New Composite Materials, ChangshuKaidi Decoration Material, Guangzhou Xinghe Aluminum Composite Panel, and JyiShyang Industrial, and among others.

Acquisitions/Technology Launches

In January 2021, Alucopanel a UAE home-grown Aluminum Composite Panel (ACP) brand, today announces the launch of the region’s first government approved A1 non-combustible grade ACP, particularly recommended for building projects where very high level of fire protection is prescribed, especially high-rise buildings or schools, hospitals, shopping malls etc. In case of fire incidents in any buildings Alucopanel A1 will never contribute to fire at all.

Key Takeaways

The demand of aluminum composite panel in Asia-Pacific region is increasing with its rising inclination to convenient and safe and protective building materials.

Increasing adoption of sustainable and environment friendly products, and as the core materials (polyethylene) can be easily recycled without any loss of value or quality, aluminum composite panel demand is increasing.

Increasing demand for lightweight material and focus on green building developments in Asian countries will create demand for the aluminum composite panel market.

Related Reports :

A. Aluminium Metaphosphate Market

https://www.industryarc.com/Report/17692/aluminium-metaphosphate-market.html

B. Composite Materials Market

https://www.industryarc.com/Report/246/composite-materials-market-analysis-report.html

For more Chemicals and Materials related reports, please click here

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

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

Source URL: https://marketersmedia.com/aluminum-composite-panel-market-size-forecast-to-reach-1023-billion-by-2026/89035336

Source: MarketersMedia

Release ID: 89035336

Small Molecule API Market Size Forecast to Reach $221.6 Billion by 2026

Increasing Research & Development Activities and Enhancing Healthcare Infrastructure is Set To Further Enhance the Overall Market Development of the Small Molecule API Market

Hyderabad, India – July 12, 2021 /MarketersMedia/

Small Molecule API Market size is forecast to reach $221.6 billion by 2026, growing at a CAGR of 7.7% during the forecast period 2021-2026. A small molecule active pharmaceutical ingredient (API) is an organic compound with a molecular weight of less than 1 nm that aids in the regulation of biological processes. It is design to deliver various macromolecules with strong therapeutic effect with a minimal dosage, sometimes below 10 mgs and often into micrograms.

Small molecules are given orally and observed easily by the body. Small molecules consist of amino acids, monosaccharides and other components. Rising prevalence of chronic diseases such as diabetes, cancer, and heart diseases and cardiovascular diseases coupled with growing geriatric populations are the major factors driving the growth of the market. Increasing research & development activities and enhancing healthcare infrastructure is set to further enhance the overall market development of the Small Molecule API Market for the period 2021-2026.

Small Molecule API Market Segment Analysis – By Type

Synthetic/Chemical held the largest share in the Small Molecule API Market in 2020 and is estimated to grow at a CAGR 8.4% during the forecast period 2021-2026. Synthetic/chemical small molecule API require low cost of production owing to usage of low cost of raw materials for the production of synthetic active pharmaceutical ingredient. Synthetic small molecule API consist of many macro-molecules and monosaccharides. Synthetic small molecule drugs are important and highly effective than other drug. Synthetic/Chemical is estimated to register the higher CAGR over the period 2021-2026.

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Small Molecule API Market Segment Analysis – By Application

Cardiology held the largest share in the Small Molecule API Market in 2020 and is estimated to grow at a CAGR 9.2% during the forecast period 2021-2026. CVD drugs are mostly used by the people owing to rising number of patient suffering from various cardiovascular diseases and chronic diseases such as diabetes, cardiovascular diseases, cancer, obesity, osteoporosis, and pulmonary diseases. According to World Health Organization (WHO), cardiovascular diseases are leading cause of death across the globe. Cardiology is estimated to register the higher CAGR over the period 2021-2026.

Small Molecule API Market Segment Analysis – By Geography

North America dominated the Small Molecule API Market with a major share of 41.5% in 2020. This is attributed to riding number of cases of chronic diseases in this region and increasing approval of new small molecules in this region. According to FDA, the Center for Drug Evaluation and Research (CDER) approved 48 new drugs (38 New Chemical Entities and 10 Biologics) in 2019. Growing research and development in API is also increasing the growth of the market in this region.

However, Asia Pacific is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to the development of health infrastructures and increasing awareness of health care. Increasing awareness of early diagnosis is also increasing the growth of the market in this region.

Small Molecule API Market Drivers

Increasing Prevalence of Cardiovascular Diseases

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

Technological Advancements

Technological advancements is increasing the growth of the Small Molecule API Market. Technological advancements has enabled the manufacturers to deliver modern fermentation processes to deliver safe and effective next-generation small-molecule APIs. Increasing advancements in Small Molecule API has provided an opportunity to manufacturer to develop personalized medicine. Thus, increasing the growth of the Small Molecule API Market during the forecast period 2021-2026.

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Small Molecule API Market Challenges

Lack of Skilled and Trained Healthcare Professionals

Some of the factors that are set to impede the growth of the Small Molecule API Market are lack of skilled and trained healthcare professionals. High cost of Small Molecule API, shortage of pathologists, lack of compensation policy, and high initial investment is also set to hinder the growth of the market.

Small Molecule API Market Landscape

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Small Molecule API Market. In 2020, the Small Molecule API Market share is consolidated by the top ten players present in the market. The Small Molecule API Market, top 10 companies are Johnson & Johnson, Novartis AG, Sun Pharmaceuticals, Merck & Co, Inc., Aurobindo Pharma, Allergan, Dr. Reddy’s Laboratories Ltd., Pfizer Inc., Sanofi S.A. and AstraZeneca

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Auto Injectors Market Size Estimated to Grow at a CAGR of 17.4% During the Forecast Period 2021–2026

Advancement of Auto Injectors for Multiple Drug Viscosities is Driving the Growth of Auto Injectors Market

Hyderabad, India – July 12, 2021 /MarketersMedia/

Auto Injectors Market size is estimated at $45.4 billion in 2020, projected to grow at a CAGR of 17.4% during the forecast period 2021-2026. An auto-injector is a small pen-shaped device with a hypodermic needle that is used to administer a set dosage of medication to patients. The medicine is administered by placing the prefilled syringe hypodermic needle in the appropriate injection site and pressing a button. The optimal route of administration is intramuscular, but the location of injection is normally determined by the nature of the medication to be administered. Epinephrine auto-injectors are often used for people who are at risk of anaphylaxis.

In the military, auto-injectors are often used to shield personnel from chemical weapons agents. The rising prevalence of multiple sclerosis (MS) is driving the Auto Injectors industry. According to a report released in February 2019 in the journal Neurology by the National MS Society, almost 1 million adults in the United States had MS in 2017.

Auto Injectors Market Segment Analysis By Type:

Based on Type, Auto Injectors Market is segmented into Disposable and Reusable – Prefilled Auto Injectors and Empty Auto Injectors. Disposable accounted for the largest revenue market share in 2020 owing towards increased patient awareness and propensity toward self-administration, growing demand for auto-injectors due to rising prevalence of anaphylaxis and other emergency conditions, hypodermic needle, and easy-to-use disposable auto-injectors.

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Auto Injectors Market Segment Analysis – Application:

Based on Application, Auto Injectors Market is segmented into Multiple Sclerosis, Anaphylaxis, Rheumatoid Arthritis, Diabetes and Cardiovascular Diseases. Rheumatoid Arthritis accounted for the largest revenue market share in 2020. In 2019, the demand for auto injectors was dominated by rheumatoid arthritis. The high prevalence of this category accounts for large share. According to the CDC, arthritis, RA, gout, lupus, and fibromyalgia affect an estimated 43.7 million people (22.7 percent of the total population) in the United States each year.

Auto Injectors Market Segment Analysis – By Geography:

Based on Geography, North America Auto Injectors Market accounted for the 39% revenue share in 2020 owing towards the rising prevalence of anaphylaxis and food allergies, as well as rapid technical advances in the healthcare field in this region. According to the American Academy of Pediatrics, almost 5.6 million children in the United States had food allergies in 2018, with less than half having access to an epinephrine hypodermic needle auto-injector prescription. Milk, peanut butter, and shellfish are the most common food allergies. The high prevalence of cardiovascular diseases, especially in the United States, will provide numerous opportunities for companies operating in this region to expand.

Auto Injectors Market Drivers

The Increasing Prevalence Of Anaphylaxis:

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Auto Injectors Market Challenges

Advancement Of Auto Injectors For Multiple Drug Viscosities:

OEMs face the most difficult task in designing single-design auto injectors for a variety of drugs and biologics with varying viscosities. To produce a spring rate that provides enough power to push higher-viscosity drugs and biologics through the prefilled syringe to the hypodermic needle, springs with different physical characteristics such as structure, length, and thickness are needed. Many pharmaceutical companies currently lack the expertise needed to develop auto injectors that can deliver multiple drugs and biologics with varying viscosities are expected to limit the Auto Injectors industry growth.

Auto Injectors Market Landscape:

The Auto Injectors Market’s main strategies include product launches, mergers and acquisitions, joint ventures, and regional expansion. Auto Injectors Market top 10 companies are Janssen Global Services, LLC, Antares Pharma, Inc., Amgen Inc., Becton, Dickinson and Company, Sanofi, Pfizer, Inc., Mylan N.V., Teva Pharmaceutical Industries Ltd., Novartis International AG, Bayer AG and Eli Lilly and Company.

Acquisitions/Product Launches:

In January, 2021, Eli Lilly and Company acquired Prevail Therapeutics Inc. Prevail’s portfolio of clinical-stage and preclinical neuroscience assets will serve as the foundation for Lilly’s new gene therapy program, which will be anchored by the company’s clinical-stage and preclinical neuroscience assets.

In April, 2020, Teva Pharmaceutical Industries Ltd launched autoinjector system for the injection of AJOVY® (fremanezumab-vfrm) in U.S. AJOVY is the only anti-CGRP migraine medication with quarterly and monthly subcutaneous dosing options, and is recommended for the prevention of migraine in adults.

Key Takeaways

Owing to new formulations and drug delivery systems, as well as innovation and advances in the biological drugs, the demand for Auto Injectors is growing thereby, driving the market growth.

Geographically, North America Auto Injectors Market held the largest revenue share of 39% in 2020 owing to the involvement of potential players who are developing innovative products, advances in medical device technology, high investments in R&D and support of government. In the final report, the scope of the Auto Injectors Market for various regions will be given.

The Auto Injectors Industry is expanding owing to enhanced R&D efforts by companies to develop quick, cost-effective, and new technology-based auto injectors for the treatment of chronic diseases such as rheumatoid arthritis and multiple sclerosis.

The factors driving the growth of the Auto Injectors Industry globally are rising self-medication activities, the demand for tailored drug delivery systems for the treatment of chronic diseases, and government reimbursements and marketing approvals for auto-injectors.

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Source URL: https://marketersmedia.com/auto-injectors-market-size-estimated-to-grow-at-a-cagr-of-174-during-the-forecast-period-20212026/89035347

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Olympicsdenver.com Discloses Valuable Streaming Information Regarding The Olympic Games 2021 Event

Olympicsdenver.com is a blog related to Summer Olympics, offering streaming information, news, and updates regarding the event.

July 12, 2021 /MarketersMedia/

The Olympics 2021 are scheduled to start on the 23rd of July, when thousands will flock to Tokyo, Japan. People who are not able to enjoy the event on location can still enjoy the live streams of the event.

Olympicsdenver.com is a blog designed to help inform people where and when the event streams will be available. According to them, NBC will broadcast the event for American viewers for free across various apps.

“For American viewers, NBC has the sole broadcasting rights to the Summer Olympics 2021 and will be providing a live streaming service via a variety of designated apps which cable users can log into for free.”

The site also contains valuable information regarding cable services that offer free streaming, such as Frontier, U-Verse, Optimum, Spectrum, DirecTV, Verizon, Cox, and others.

Furthermore, Olympicsdenver.com also teaches American viewers how to stream the Olympics 2021 event within the USA:

“A TV streaming service is likely to be your best bet for getting reliable and legal access to the games. Many of the leading TV streaming services have access to NBC’s programming via the app, NBC Sports or the Olympic Channel.”

Olympicsdenver.com caters to the needs of viewers who’ve opted for cable, reminding the viewers that most digital TV packages can access NBC broadcasts.

Aside from describing the specifications of the event, Olympicsdenver.com also features the Equestrian Competition Schedule table with designated dates, times, and venues for each event.

Baseball, surfing, Karate, and sport climbing are the sports that are debuting their appearance at the Tokyo Olympics 2021; more information about these new Olympic sports, as well as all novelties regarding Olympics, is featured on the Olympicsdenver.com News Section.

All information regarding Tokyo Olympics 2021, streaming options for the United States and Australia, as well as lists of recommended streaming and cable service providers are located on Olympicsdenver.com.

Contact Info:
Name: Robyn Stainsby
Email: Send Email
Organization: Olympicsdenver.com
Address: Australia
Website: https://olympicsdenver.com

Source URL: https://marketersmedia.com/olympicsdenvercom-discloses-valuable-streaming-information-regarding-the-olympic-games-2021-event/89035121

Source: MarketersMedia

Release ID: 89035121

Multi-Screen Advertising Market Forecast to Reach $8.9 Billion by 2026

Capability of Increasing the Audience Targeting Rates Along With Growing Media Consumption Through Mobile Devices Are Acting as Major Drivers Towards Significant Growth of Multi-screen Advertising Market.

Hyderabad, India – July 12, 2021 /MarketersMedia/

Global Multi-Screen Advertising Market is forecast to reach $8.9 billion by 2026, growing at a CAGR of 19.6% during the forecast period from 2021 to 2026. The capability of increasing the audience targeting rates along with growing media consumption through mobile devices are acting as major drivers towards significant market growth of multi-screen advertising.

Moreover, with rising internet connectivity standards and changing advertisements patterns to increased optimum reach and productivity, the demand towards multi-screen advertising market is also rising. The rising usage of digital set top boxes has created new market demand in recent years. The gaming market, particularly desktop based gaming has spurred the usage of multi screens of three to Four-screens which will propel the demand for the market.

Multi-Screen Advertising Market Segment Analysis – Device Platform

Mobile Phones are anticipated to have a major growth in the multi-screen advertising market during the forecast period 2021-2026 at a CAGR of 24.9%. With growing penetration of smartphones due to high affordability along with increasing content sharing through various social media platforms has been causing major growth of multi-screen advertising market.
Nowadays, majority of the global population have been using mobile devices for various purposes such as watching movies as well as playing games and many other applications. With growing dominance of mobile application platforms across consumers, displaying multiscreen ads in between the running applications can help the advertisers to gain more audience impacting their business growth.

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Multi-Screen Advertising Market Segment Analysis – By Ad Content

In terms of revenue from 2021 to 2026, the dynamic segment on the market is projected to grow at a CAGR of 21.5%. Dynamic advertising is increasingly automated to adapt content. This automation makes purchases more effective, streamlines the process and consolidates digital advertising activities under one technology platform. Dynamic companies have extended their inventories and databases.

Multi-Screen Advertising Market Segment Analysis – By Geography

North America is anticipated to have a significant growth in the global multi-screen advertising market during the forecast period from 2021 to 2026 at 20.3%. Increasing smartphone penetration as well as rising growth of social media platforms has been helping in causing significant growth of multi-screen advertising market in the region.

Multi-Screen Advertising Market Drivers

Increased audience targeting

Improved customer targeting with relevant as well as personalized advertisements has been acting as one of the major driving factor towards the high growth of multi-screen advertising market. Since the growing penetration of internet connectivity, global population have been shifting their focus towards onscreen advertising, television advertisement and OTT platforms such as Netflix and many others for entertainment purposes, thus highly driving the growth of relevant as well personalized ads across the platforms. Since the new generation consumers are highly sensitive to advertising, the advertisers need to highly focus towards solutions to improve the user experience by delivering more relevant and customized ads.

Growing content consumption through mobile devices

The rising content consumption through mobile phones has been acting as a major driver towards the significant growth of multi-screen advertising market. Global Smartphone penetration has been rising rapidly due to majority of users exploring options such as gaming, watching movies, surfing social media platforms and many others. Such factors have been causing high demands from advertisers to offer ads in onscreen advertising and television advertisement between these content sharing applications, thus boosting the growth towards multi-screen advertising.

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Multi Screen Advertising Market Challenges

Growing demands towards Ad blockers

Growing demands towards Ad blockers has been acting as a major challenge towards hampering the growth of multi-screen advertising market. Since the growth of social media and digital content, advertisements have been facing relatively high rate of growth over the years. Increasing adoption of ad blockers by the consumers as well as web portals has been causing a major impact towards reducing the amount of advertisements, thus affecting multi-screen advertising market.

Multi Screen Advertising Market Landscape

Partnerships and acquisitions along with product launches are the key strategies of the players in the multi-screen advertising Market. The major key players in the multi-screen advertising Market include Netflix Inc., Roku Inc., Microsoft Corporation, Verizon, Amazon, Omnicon Group Inc., At & T Inc., WPP plc, NTT Docomo Inc., Crammer-Krasselt and Google.

Partnerships/Product Launches/Acquisition

In May 2020, Roku Inc. had unveiled a single platform named OneView Ad Platform, which will leverage TV identity data from U.S number 1 TV streaming platform for managing advertising across desktop, OTT as well s mobile campaigns. This platform will help in optimizing high reach and frequency and target more audience across the desktop, OTT, linear TV and others.

In March 2020, Verizon Media had announced the launch of a demand side platform named cross-screen planner in order to help the marketers reach more viewers across traditional as well as internet connected TVs. This planner helps in identifying data about the exposure of content viewers along with enabling simultaneous forecasts across multiple screen formats.

Key Takeaways

Mobile phones are expected to have a significant market growth during the forecast period in multi-screen advertising due to its growing penetration of smartphones and rising usage of social media platforms.

Key market players such as Roku Inc. and Netflix Inc. have been helping towards significant market growth of multi-screen advertising in North America.

The rising growth of content consumption across mobile devices along with increasing capability of higher target audience is the major driving factors towards significant growth of multi-screen advertising market.

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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/multi-screen-advertising-market-forecast-to-reach-89-billion-by-2026/89034761

Source: MarketersMedia

Release ID: 89034761

Scintillator Market Size Forecast to Reach $425 Million by 2026

Extensive Innovation, New Radiological Medical Applications and Investments in Domestic Security Radiation Monitoring Equipment Is Expected to Fuel the Growth of Scintillator Market.

Hyderabad, India – July 12, 2021 /MarketersMedia/

Scintillator Market size is forecast to reach $425 million by 2026, after growing at a CAGR of 6% during 2021-2026, owing to increasing demand from various end use industries such as medical & healthcare, nuclear power plants, homeland security & defense, and manufacturing industries. Scintillators like yttrium silicate and ethylhexylphosphoric acid is used in medical lasers, biomedical implants and to control nuclear. Having low amounts of almmunium molybdate supplements reduces the risk of esophageal cancer.

Almmunium molybdate has an important role in normal body functions. Like for maternity and lactation. Furthermore, the use of a scintillator in conjunction with a photomultiplier detector finds wide use in hand held survey meters ideal for detecting and measuring monitoring nuclear material.

Scintillator Market Segment Analysis – By Material

Inorganic scintillators segment held the largest share for scintillator market in 2020 due to increasing R&D activities across the globe. For example, improving light coupling with photon detector. Inorganic scintillators used in X-ray and gamma spectroscopy, which fueling the demand of scintillators. Apart from this, inorganic scintillators are used in imaging like Positron Emission Tomography (PET) in medical image and gamma imaging. Also, inorganic scintillators used in various applications such as oil wells and mining. Hence, increasing R&D activity to improve photo absorption will be boosting the growth of inorganic scintillators.

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Scintillator Market Segment Analysis – By Type

Hand held scintillators lead the scintillators market in 2020. Scintillators exhibit high growth potential in markets that are characterized by high resolution, low cost and performance in terms of radiation monitoring equipment. Hand held scintillators may be attributed to surging demand for portable and hand-held radiation detectors. In addition, pocket size alarming instruments with user readable displays are worn on the body. It is also used to detect radioactive materials for interdiction and prevention purposes and to indicate the gamma radiation exposure rate and neutron count rate.

Scintillator Market Segment Analysis – By Application

Medical & Healthcare has dominated the application market for scintillator market in 2020 and is growing at a CAGR of 8% during this forecast period, due to scintillators (like ammonium molybdate, ethylhexylphosphoric acid and yttrium silicate) for cardiovascular and neurological disorders used for the diagnosis and examination in the health industry. In addition, governments across the globe impose strict restrictions on the usage of medical equipment, which in turn urge hospitals and healthcare organizations to introduce sophisticated technical scintillation and radiation detectors. Apart from this, security and safety agencies around the world use these materials to improve domestic security and prevent loss of persons.

Scintillator Market Segment Analysis – By Geography

Asia Pacific dominated the scintillator market share size with 52 % in 2020 owing to rising adoption of medical equipment among medical & healthcare organizations in the developed economies and in developing countries. According Asia-Pacific Journal of Clinical Oncology, Asia Pacific hosts 50% of the world’s new cancer cases each year, and deaths caused by cancer in Asia are expected to increase by 36% by 2030.

Scintillator Market Drivers

Increasing Demand from End Use Industries

Scintillators including ethylhexlphosphoric acid, yttrium silicate and ammonium molybdate are widely used in various applications such as to prevent blood clots, heart diseases, cardiovascular disorders, neurological disorders, brain tumor, ductal cancer and colon cancer. Hence, health care sector is expected to rapidly expand in future, including medical imagery and nuclear medicine, domestic protection and the nuclear energy industry. Scintillation detectors are used in conjunction with a photomultiplier detector to convert the scintillation light pulse into an electric pulse. Photomultiplier detector, useful for light detection of very weak signals, is photo missive device in which the absorption of a photon results in the emission of an electron. Furthermore, the defense authorities are striving to strengthen their homeland security teams and minimize personnel loss from radioactive rays. Which will further drive the market growth.

Increasing Demand due to Technological Advancements

In the forecast era, technological development along with innovation will drive market growth. The production of high-performance products at the low-cost and increased demand for radiation detection instruments across the application markets can also contribute to growth. Furthermore, helium 3 depletion for protection neutron detection, combined with advances in nuclear medicine and medical imaging, is also expected to contribute to global market growth in scintillators. In addition, a rising number of power plants can also support demand growth during the forecast period.

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Scintillator Market Challenges

Volatility in Raw Material Prices

One of the main problems for producers is uncertainty of raw material costs. Business development is expected to be threatened by fluctuating prices of Scintillator. Companies are investing in creating advanced technology for the development of scintillator products to counter this, which requires high initial investments. Like photomultiplier detectors remain among the most sensitive methods for detecting light, they require an expensive and takes much time.

Scintillator Market Landscape

Major players in the Scintillator Market are Canberra Industries Inc., Hamamatsu Photonics K.K., Hitachi Metals Ltd., Ludlum Measurements Inc., Mirion Technologies Inc., Radiation Monitoring Devices, Saint Gobain, and Zecotek Photonics, and among others.

Acquisitions/Product Launches:

In 2020, Mirion Technologies Inc. has launched a product, Series 6LB counter which has better gas management technology. The Series 6LB counter has improved gas usage compared to the Series 5 XLB counter. It uses a new, innovative guard detector that does not require P-10 gas.

Key Takeaways

Growing number of power plants can stimulate growth of the market over the predicted period. In markets with low-cost, high-resolution and radiation monitoring performance, scintillators have a high potential for growth.

The increases demand for portable and handheld radiation detectors in industrial gamma-ray spectrometers due to superior energy resolution and photomultiplier detectors is propel the scintillator market growth.

Extensive innovation, new radiological medical applications and investments in domestic security radiation monitoring equipment is also expected to fuel market growth.

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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/scintillator-market-size-forecast-to-reach-425-million-by-2026/89035252

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Release ID: 89035252