Epoxy Putty and Construction Chemicals Market Growth Factors, Opportunities, Ongoing Trends and Key Players

Construction chemicals are broadly used for waterproofing repairs, bonding agents, crack and expansion joint fillers, tile adhesives, retarders, plasticizers, air entraining compounds accelerators and others. Epoxy putty is a hardening substance utilized as a space-filling adhesive in the construction industry.

Construction chemicals are mainly classified into product segments such as protective coatings and sealers, grouts and mortars caulks and adhesives, cement and asphalt additives and polymer flooring and others. All such construction chemical products are widely used in the end-user industries such as residential construction, non-residential construction and non-building construction.

The rising demand from the rapidly growing construction industry across the globe, especially the Asia Pacific region, is expected to drive the global epoxy putty and construction chemicals market in the next few years.

The U.S. is the largest consumer of construction chemicals and epoxy putty across the globe and is closely followed by Europe and Asia Pacific regions. Latin America, Africa and the Middle East account for smaller portion of the market. Asia Pacific is expected to be the fastest growing market for epoxy putty and construction chemicals the next six years.

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The major reason for this is the growing demand from developing countries such as China, India and South East Asian countries such as Thailand, Indonesia, Vietnam and Malaysia. In addition, the countries in the geographies such as Africa, South America and the Middle East are showing remarkable economic growth since the last few years.

These nations largely include South Africa, Brazil, Saudi Arabia, Egypt, Jordan, Qatar and Israel. Additionally, the U.S. and the European economies are gradually recovering from the economic slowdown.

All such economic, industrial and demographic factors are ultimately creating a positive prospect for the global industrial scenario. Considering this positive industry outlook, construction and related industries are anticipated to record a staggering growth in the next six years.

There is a mammoth market potential for the construction industry in the countries such as India, China, Indonesia, Qatar, Thailand and Brazil due to rapid infrastructure development taking place in these countries.

Moreover, countries like Brazil and Qatar are hosting giant events such as Olympics and FIFA world Cup in the next few years and are developing numerous state-of-the-art stadiums and other infrastructure for those events. Owing to this, the demand for construction related products is expected to grow at a notable rate in the next few years.

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This will eventually generate a huge demand for epoxy putty and construction chemicals in these emerging nations. The major infrastructure companies are focusing on these developing nations for tapping their gigantic market potential in terms of infrastructure projects. The key producers of epoxy putty and construction chemicals are installing robust production facilities in these growing countries to meet the rising regional demand.

Therefore, the global epoxy putty and construction chemicals market is expected to witness a substantial growth in the next few years.

Some of the major companies operating in the global epoxy putty and construction chemicals market are 3M Company, Akzonobel N.V., Adco Inc., Arkema S.A.,  Albemarle Corporation, Ashland Inc., Bolton Group, BASF SE, Bostik Inc., Pidilite Industries Ltd.,  Cementaid (N.S.W.) Pty. Ltd., Cico Technologies Ltd.,   Chryso S.A.S.,   E. I. Dupont De Nemours and Company,   Lafarge S.A., Fosroc International Ltd., Mapei South Africa Pty. Ltd., Muhu (China) Construction Materials Co. Ltd., Conmix Ltd., RPM International Inc., Sika AG,  Terraco Holdings Ltd., Selena FM S.A., The Dow Chemical Company and W.R. Grace and Co. among Others.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types and applications.

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Analgesics Market to Grow at a CAGR of 5.6% through 2031 | Report By FMI

As per a thorough research by FMI, the Global Analgesics Market Growth is poised to top US$ 77.3 Bn in 2021. Increasing demand for opioid drugs for pain management in the countries such as China, India, the U.S., and Japan is facilitating the growth in the market.

Increasing need for palliative care and rising prevalence of neuropathic, inflammatory, and chronic pain is bolstering the demand for pain management solutions. Driven by this, the analgesics market is anticipated to surpass US$ 133.5 Bn by 2031.

Analgesics drugs such as methadone, codeine, acetaminophen, and others provide effective solutions to aforementioned ailments. Hence, increasing palliative care has assisted the market to account for nearly 93% of the pain management sales in 2021.

Further, rising government initiatives for providing better prevention and management of chronic pain are favoring the growth in the market. Also, growing prevalence of physiological injuries, phantom aches, and surgeries across China and India are accelerating the sales.

As per FMI, the analgesics market is poised to expand at 5.6% CAGR over the forecast period 2021-2031 in comparison to the 4.4% CAGR registered over the past half-decade.

Based on drug type, the nonsteroidal anti-inflammatory drugs (NSAIDs) segment is projected to register swift growth, expanding at 4.1% CAGR between 2021 and 2031. Growing emphasis on prevention of diversion in prescription opioid medications is a primary factor driving the growth in the segment.

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Key Takeaways from Analgesics Market Study

  • The U.S. is estimated to continue dominating the North America market, accounting for nearly 86.5% of the regional demand share in 2021.
  • Germany is anticipated to emerge as the most remunerative market in Europe, contributing nearly 23.2% of the sales through 2031.
  • China is expected to account for 54.3% of the share in East Asia, expanding at a robust CAGR of 9.3% over the assessment period.
  • Japan analgesics market is projected to register a swift growth, expanding at a CAGR of 6.6% between 2021 and 2031.
  • Surgical pain is forecast to account for the lion’s share in the indication segment, accounting for around 53.3% of the sales in 2021.

Key Drivers

  • Growing number of cancer treatments and rising commercialization of non-abusive drugs across the U.S., Japan, Germany, China, and others are spurring the sales in the NSAID segment.
  • Rising concerns of facial and body aesthetics are increasing aesthetic surgical procedures such as eyelid surgeries, breast implantation, and abdominoplasty, spurring analgesics sales across the surgical pain segment.

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Key Restraints

  • Side effects associated with opioid drugs such as clouded thinking, nausea, drowsiness, constipation, and psychological & physical addiction are hindering the sales across the opioid drug segment.
  • Stringent government regulations regarding manufacturing, storage, marketing, and selling analgesic drugs are restraining the growth in the market.

Competitive Landscape

Prominent companies in the global market are focusing of introducing novel non-opioid drugs to gain competitive edge. Some of the other players are focusing on entering in mergers, acquisitions, collaboration, and agreement with other manufacturers to expand their product portfolio and strengthen their global foot print. For instance,

  • In July 2020, Teva Pharmaceuticals, an Israeli multinational pharmaceutical company announced expanding its operations in Japan by focusing on commercializing a selection of complex generics and specialty assets to meet patients’ medical needs. This will assist the company to expand its customer base in Japan.
  • In May 2020, Assertio Therapeutics, Inc., an American specialty pharmaceutical company, entering into a merger agreement with a produces and distributes pharmaceutical products, Zyla Life Sciences to create a synergistic portfolio of neurology, inflammation, and non-opioid pain products. The merger will assist both the companies to expand their product portfolio and increase their market share.

Some of the key players operating in the market profiled by FMI are:

  • Pfizer Inc.
  • Sun Pharmaceutical Industries, Inc.
  • Sanofi SA
  • AbbVie Inc. (Allergan plc)
  • Teva Pharmaceuticals
  • Boehringer Ingelheim International GmbH
  • Janssen Pharmaceuticals, Inc. [Johnson & Johnson]
  • Endo Pharmaceuticals Inc.
  • Purdue Pharmaceuticals L.P.
  • Assertio Therapeutics, Inc.
  • Mallinckrodt Pharmaceuticals
  • Bayer AG
  • GlaxoSmithKline plc.
  • Bausch Health Companies Inc.
  • Novartis AG
  • Others

More Valuable Insights on Analgesics Market

The recent study by FMI provides a detailed analysis of the global analgesics market, providing credible insights into key factors driving the market over the assessment period. The study also disclosed growth projections on in analgesics market with detailed segmentation:

By Drug Class

  • Opioids
    • Morphine
    • Codiene
    • Fentanyl
    • Meperidine
    • Methadone
    • Tramadol
    • Oxycodone
    • Dextromethorphan
    • Buprenorphine
    • Others
  • NSAIDs
  • Local Anesthetics
  • Acetaminophen

By Indication

  • Surgical pain
  • Cancer Pain
  • Neuropathic pain
  • Others

By Route of Administration

  • Oral
  • parenteral
  • transdermal
  • Others

By Distribution Channel

  • Hospital pharmacies
  • Retail pharmacies
  • Drug Stores
  • Online pharmacies

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Polyurethane Resins Paints and Coatings Market | Global Revenue Growth Expectations in the Near Future

Polyurethane resins are produced by the reacting polyalcohol and an organic di-isocyanate. Polyurethane resins are extensively used in applications such as surface coatings, footwear, furniture and packaging. Polyurethane resin paints are characterized by properties such as high durability, toughness, easy cleaning and high gloss.

Owing to these properties, polyurethane resin paints finds wide spread applications across the globe. Polyurethane resin paints are also used where high performance is expected, in applications such as oil-rig towers, warehouses, industrial plants, heat resistant coatings, bridges etc.

Paints perform the vital role of protecting the surfaces from rust and weathering, increasing durability and also increasing the visual appeal of the products. Polyurethane resin paints are used in various applications such as wood coatings, aircraft coatings, construction etc.

The demand for polyurethane resin paints is expected to witness strong growth from the furniture segment where polyurethane resin paints are used to paint the surface of wooden furniture.

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Interiors and furniture coating is one of the major end-user industry of polyurethane resin paints. Polyurethane resin paints are used are used for applying protective layer over wooden furniture in order to protect the wooden surfaces.

Economic growth in Asia Pacific and Latin America coupled with growing disposable income in these regions, have led to an increase in demand for furniture products and this in turn is expected to drive the demand for polyurethane resin paints and coatings used in furniture applications. Polyurethane resins coatings are also used for marine applications across the globe.

Other applications where polyurethane resin paints and coatings can be used include heavy duty exterior and interior structural coating, exterior surfaces of steel tanks, clean rooms, conveyors, chemical processing equipments, paper mills, power plants, offshore structures, oil field machinery, handrails, etc.

The demand for polyurethane resin paints and coatings is also expected to see robust growth from the marine industry. Increasing demand and sales of leisure boats globally is expected to drive the demand for polyurethane resin paints and coatings market in the near future.

The demand for boats has seen a significant increase in countries such as U.S further adding to the demand for polyurethane resin paints and coatings. Growing construction activities globally is also expected to increase the demand for polyurethane resin paints and coatings in the next few years. Polyurethane resin paints and coatings are also used for applying protective base layers to various products.

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The demand for polyurethane resin paints and coatings from automobile sector is also anticipated to exhibit strong growth in the next few years.

In terms of consumption Asia Pacific was the highest consumer of polyurethane resin paints and coatings followed by North America, Europe and Latin America. In Asia Pacific, China and India were the major markets for polyurethane resin paints and coatings.

The demand for polyurethane resin paints and coatings is higher in these countries on account of growing disposable income in this region and growing expenditure on furniture and interiors. In Latin America, Brazil is the major market for polyurethane resin paints and coatings.

The demand for polyurethane resin paints and coatings is also expected to be high in Middle East and African countries on account of growing construction activities in these regions. Some of the major companies operating in the global polyurethane resin paints and coatings market are BASF SE, Sherwin Williams, Henkel, Lubrizol, DSM, and Arkema among others.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types and applications.

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Bioprocessing Analytics Equipment Market Innovations, Technology Growth and Research 2022-2028

Bioprocessing Analytics Equipment Market Growth is set to total US$ 485.1 Mn in 2022. The global market is expected to reach US$ 633.6 Mn by 2028, rising at a CAGR of 4.5%.

In terms of revenue, the global bioprocessing analytics equipment market is anticipated to register a CAGR of 4.5% over the forecast period, owing to various factors, regarding which FMI offers detailed insights and forecasts in this report.

Bioprocessing Analytics Equipment Market: Segmental Analysis

The global bioprocessing analytics equipment market is segmented based on product type, application, end user and region.

Based on product type the market is segmented into osmometers and bioprocess analysers. Osmometers is the leading product type in the bioprocessing analytics equipment market over the forecast period.

North America is expected to gain popularity over the forecast period, driven by cell-based bioprocesses extensively utilised for therapeutics protein production.

Manual monitoring of such bioprocesses is labour intensive and can lead to errors in the production process.

Due to rapid advancements in technology, manufacturers have developed integrated multi-functional analysers, which combine the functionality of different single analyzers (like cell counters, osmometers, nutrient/electrolyte/metabolite bio-profile analyzers) into one technologically enabled novel sampling system to analyse the culture medium automatically.

The integration of multiple functionality allows feedback control of parameters and reduces error rates in bioprocessing.

The market is further categorised based on application into clinical and industrial applications. The industrial application segment is expected to lead in the global bioprocessing analytics equipment market during the assessment period.

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Demand for bioprocessing analytics equipment is anticipated to be the highest across various industries, and the industrial segment is projected to register a CAGR of 4.4% over the forecast period.

The market is further classified based on end users. End user segments include Biopharmaceutical Companies, Contract Research Organization (CROs), Contract Manufacturing Organizations (CMOs), Academics & Research Institutes, and Clinical Diagnosis.

Biopharmaceutical companies are the largest end users of bioprocessing analytics equipment while demand for bioprocessing analytics equipment is expected to be the highest in Biopharma companies – anticipated to register a growth rate of 3.9% over the forecast period.

Bioprocessing Analytics Equipment Market: Regional Forecast

This report assesses trends that are driving the growth of each market segment at the global as well as regional level, and offers potential takeaways that could prove substantially useful to manufacturers looking to enter the market.

The North America market is estimated to dominate the global bioprocessing analytics equipment market, accounting for a maximum revenue share of the market by 2022 end.

The Western Europe and APECJ markets are collectively expected to account for around 39.2% of the total bioprocessing analytics equipment market share in terms of value by 2022 end.

Revenue from the market in APECJ is projected to expand at a CAGR of 5.9% over the forecast period.

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A key trend witnessed in the bioprocessing analytics equipment market is product innovation.

Furthermore, the growing importance of developing bioprocessing analytics equipment by big players to enhance their product portfolio is trending the global bioprocessing analytics equipment market

Key Segments Of Bioprocessing Analytics Equipment Industry SurveyBy Product Type :

  • Osmometers
    • Vapour Pressure Depression Osmometers
    • Membrane Osmometers
    • Freezing Point Depression Osmometers
  • Bioprocess Analysers

By Application:

  • Bioprocessing Analytics Equipment for Clinical Applications
  • Bioprocessing Analytics Equipment for Industrial Applications

By End User:

  • Bioprocessing Analytics Equipment for Biopharmaceutical Companies
  • Bioprocessing Analytics Equipment for Contract Research Organizations (CROs)
  • Bioprocessing Analytics Equipment for Contract Manufacturing Organizations (CMOs)
  • Bioprocessing Analytics Equipment for Academics & Research Institutes

By Region:

  • North America Bioprocessing Analytics Equipment Market
  • Latin America Bioprocessing Analytics Equipment Market
  • Europe Bioprocessing Analytics Equipment Market
  • East Asia Bioprocessing Analytics Equipment Market
  • South Asia & Pacific Bioprocessing Analytics Equipment Market
  • Middle East & Africa (MEA) Bioprocessing Analytics Equipment Market

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Destemmer Market overview Assessment and Key Insights Analyzed Till 2028

Destemmer market overview is a machine which is used for the separation of the grapes and their stems and then split these grapes into small pieces, so as to collect its juice, which is fermented afterwards. Destemmer works in three different types of functional areas, which are reception hopper, rollers and destemming, these process may be either done in sequence or sometimes not required. The first process, reception hopper, where grapes are being dumped, and grapes and stems are separated and forwarded to next step. The second process, rollers, where all the grapes get crushed. Rollers are available in different configurations, sizes, and materials. The third process is known as a destemming process, which is consists of the destemming cage or destemming basket, made up of steel and pierced. This destemming basket consists of spinning bar and paddles which is called as the beater or destemming shaft, which spins and crushed the grapes.

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There are three types of destemmer, which are Crusher-Destemmer, Destemmer-Crusher and Destemmer-Only. Crusher-Destemmer is comparatively less costly and is used in small-scale industries such as at home winemaking level. This type of destemmer, crush the grapes bunch at first level and then separate stems from it, which has a disadvantage of passing the stems before the fermenting process is get placed. This will lead to the change of flavor due to the presence of stems, as it is less effective. Destemmer-Crusher is a commercial type of equipment which has the configuration of destemming and crushing both. This type has prevented the stems getting mixed and crushed with grapes, which makes the process more efficient, which commonly create a higher quality of the wine. In this type of machines, grapes are crushed more softly as compared to another type of destemmer. And Destemmer-only machines has little rough destemming action, which does not have rollers, which leads to crack the grapes without rollers. Furthermore, as the destemming is place at a rough level, there is no chance of whole grapes is remain at the end. These type of destemmer are generally used in middle-scale or large scale industries, where the high-quality end product is required.

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Destemmer Market: Market Dynamics
As the destemming has provided various advantages for the wineries and wine industry, the demand for destemmer is increasing rapidly. Various characteristics of destemmer which are attracting the manufacturer of wines are driving the demand for the destemmer in various regions. Some of the characteristics are, it requires less space, it can improve taste and color of the wine, and it can enhance the alcoholic strength of the product, as it removes all the unwanted particles from the stock. On the other hand, some of the regions are not awareness about such equipment, and are following traditional process of wine making by rotten grapes (without using filtration and destemming), which is acting as the restraint for the market of the destemmer. However, product innovation and its technological enhancement, such as adding of the filter, better rollers, crushers, etc. will create the various opportunities for the manufacturers of the destemmer.

Destemmer Market: Segmentation
Market segmentation of the Destemmer market on the basis of its Product type:
Crusher-Destemmer
Destemmer-Crusher
Destemmer
Market segmentation of the Destemmer market on the basis of End Use Industries:
Small Scale Industries
Medium Scale Industries
High Scale /Commercial Industries

Destemmer Market: Regional Outlook
Among all the regions, Europe region is capturing the comparatively high market share and also expected to hold a maximum market share of the global destemmer market, followed by Asia Pacific region and Latin America region. The Europe region and Asia Pacific region are projected to hold approximately 50 percentage of global destemmer market. However, Latin America and North America regions are anticipated to hold a significant market share as these regions can be considered as the potential market for destemmer. On the other hand, The Middle East and Africa region is estimated to grow at stagnant rate of growth over the forecasted period.

Destemmer Market: Market Participants
Examples of some of the market participants in the Destemmer market identified across the value chain are Zambelli Enotech, Bucher, Scharfenberger GmbH & Co. KG, Criveller Group, ENOITALIA SRL, Scott Laboratories Inc., PERA-PELLENC S.A., BrewcraftUSA, ENOTECNICA PILLAN srl, Winequip, ColloPack Solutions LLC, etc.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on:
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

Regional analysis includes:
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Ultrasound Systems Market Revenue, Growth And Business Analysis By Forecast 2028

The global Ultrasound Systems Market Growth is estimated at USD 9.5 billion in 2022 and is projected to reach USD 13.2 billion by 2028, growing at a CAGR of 5.5% during the forecast period (2022-2028).

Ultrasound imaging techniques in terms of image creation, have undergone variations and evolutions in engineering methods and technological incorporation over the past two decades.

The ultrasound systems market is expected to be driven by the advancements in contemporary imaging architecture to overcome the existing constraints of inherent data loss and poor image resolution with limited uniformity.

There is also a high significance of ultrasound procedures in medicine and biology, and the ultrasound systems market is a high contributing factor for propulsion of diagnostic imaging market.

Rising incidence of chronic diseases such as cancer, cardiovascular disorders and neurodegenerative disorders has promoted the applications of ultrasound systems for early diagnosis of disease and initiation of treatment and disease management plan.

The ultrasound systems market is expected to project a lucrative growth over the forecast period owing to the rising impact of increased disease burden over the globe, and the collaborative efforts by regional government bodies in prevention and control of maternal and infant mortality through increased awareness programs related to the benefits of ultrasound imaging on disease identification and management.

The global ultrasound systems market is highly influenced by regulatory guidelines and medical device approvals in accordance with impact of macro, economic, and industry factors. The development of hand-held ultrasound machines and emergence of ultrasound-on-chip platform for medical imaging have brought in some of the significant breakthroughs in this market, as per Future Market Insights.

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H1-2022 outlook period in comparison to H1-2022 projected period showed a negative growth in terms of Basis Point Share by 10 BPS. Based on a comparative analysis about the market growth rates and development prospects within this market, it was analysed that the global ultrasound systems market will decline by 18 Basis Point Share (BPS) in H1- 2022 (O) as compared to H1-2021.

Major reasons for this dip in BPS are attributed to the factor of purchasing of these devices to include departmental administration, IT incorporations, information governance and risk management, thus presenting regulatory and approval issues for in-clinical settings.

Other market segments are correspondingly set to perform objectively and attain promising growth prospects in the next half of projection period.

Despite these factors, there are some driving points that impact the industry growth, including the adoption of these devices in academic medical settings, cost-effectiveness, availability of AI incorporated solutions within device and negligible device boot time.

Sales Analysis of Ultrasound systems from 2012 to 2021 Vs Market Outlook for 2022 to 2028

The market value for ultrasound systems holds nearly 58.5% of the overall US$ 15.4 Bn medical imaging market in 2021.

The global ultrasound systems market is driven through advancements and technological developments in ultrasound devices which assist healthcare facilities such as hospitals and clinics with improved patient management and care. Ultrasound systems have provided valued and non-invasive imaging assistance for many decades.

The ultrasound systems market has witnessed advancements at a gradual pace in terms of improved image quality, development of biocompatible ultrasound gels and the introduction of portable ultrasound machines.

The advantages of ultrasound systems in diagnostic imaging is well established, however, the ultrasound systems are expensive and can be difficult to transport, thus limiting their availability to specialized wards in hospitals.

The inception of hand-held ultrasound systems has assisted physicians in aspects related to high costs associated with high-end ultrasound systems. These systems are more readily available and are useful in diagnosis and imaging in low resource economies.

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The growing trend of point-of-care diagnostics by non-radiologists has led to increase in the adoption of hand-held ultrasound scanners, thus boosting the growth of ultrasound systems market.

Rising expenditure on ultrasound care, maximized therapy adherence, expanding third-party payer coverage, continuous development of innovative features in the device that appeal to the patients and maintenance of leadership in reimbursement support as well as growing institutional market share to sustain home care growth is further going to spur the revenue growth.

Integration of artificial intelligence (AI) by key market players into development of advanced ultrasound devices has emerged as the latest trend in the ultrasound systems market.

The development is associated with the aim to refine imaging techniques, as well as provide accurate diagnosis of affected areas in the body, such as soft tissues or tumours. The integration of AI is thus another factor responsible for the growth of the ultrasound systems market.

The global ultrasound systems market expanded at 5.3% CAGR over the past 9 years from 2012 to 2021. The market is expected to expand at a considerable growth rate over the next six years at a CAGR of close to 5.5%.

What are the Key Opportunities for Ultrasound systems Manufacturers?

With the upcoming product revisions as well as novel advancements in ultrasound systems market, the compact ultrasound systems are exhibiting rapid development compared to other therapeutic imaging advances.

The opportunistic growth of ultrasound systems market is also associated with the rising adoption of minimally invasive therapies and image-guided procedures by healthcare professions as well as patients over the globe.

In addition, the ultrasound systems market has witnessed a substantial shift from being used as a conventional diagnostic modality for obstetrics and gynaecology imaging to therapeutic technique in cardiology, nephrology, oncology and pulmonology sectors.

This is expected to expand manufacture level intent in production of modulated devices/systems for such specialties, and thus regulate an increase in the growth of revenue production over the forecast period.

Innovations in the ultrasound systems market are not limited to the evolution of field of application, but also in the modality of the ultrasound devices.

The improvements in compact ultrasound frameworks such as the transmission of picture information to PACS has accounted for versatile innovations in the ultrasound systems market. This advancement in technology presents a persistent opportunistic growth of ultrasound systems market over the forecast period.

Moreover, the integration of artificial intelligence with ultrasound systems and linked applications over digital screen surfaces, such as mobile phones or monitor screens has increased the growth of the ultrasound systems market, owing to smart screening and better image resolution in non-invasive procedures.

What are the Factors Restraining Demand for Ultrasound systems?

Factors restraining the growth of ultrasound systems market are associated with stringent regulations by the FDA with concerns regarding the medical device and healthcare industry. The regulations for ultrasound devices are inflexible due to the potential harm such devices could inflict on the human body.

Handling ultrasound devices/systems needs presence of skilled personnel. This is a restrictive factor in many resource lacking economies, where there is not much adequate skilled labor available and the ultrasound technology is slowly gaining recognition.

Moreover, lack of reimbursement policies and effective insurance cover for automated ultrasound scanning discourages patients from deciding on these techniques as compared to conventional modalities. This eventually restricts market growth. This, combined with high cost of equipment and maintenance of ultrasound systems are responsible for restrained development of the ultrasound systems market over the globe.

Category-wise Insights

Which Ultrasound systems Modality is Driving Market Growth?

Cart/trolley based ultrasound systems project a lucrative growth at a CAGR of 5.4% till the end of the forecast period, with the current market share of around 82.1% in 2021. This dominant market value is associated with the advancement of ultrasound systems as portable devices over the past decade. This growth, however is complimentary to the origination of application of hand-held ultrasound systems, and may observe a decline over the forecast period, owing to the rising adoption of hand-held and cost effective ultrasound systems by many point-of-care diagnostic centres.

Which Area of Application Benefits the Most from the Use of Ultrasound Systems?

Radiology sector accounts for 39.7% of global market value in 2021, and is expected to display growth rate at CAGR 6.2% by the end of the forecast period. The application of ultrasound systems in radiological interventions is beneficial and persistent as a basic form of imaging technique in majority of regions throughout the globe. Further variations in image resolution and the development of non-invasive methods of ultrasound imaging and sonography has further propelled the radiological use of ultrasound systems.

Which End User Shows Higher Implementation in Ultrasound systems market?

Hospitals and Clinics hold current global ultrasound systems market value share of 60.2% in 2021, and are projected to achieve an estimated growth CAGR of 5.4% by the end of the forecast period. This growth is linked with the increasing awareness about significance of early intervention and diagnosis of disease, thus resulting in reduced healthcare costs. This factor has given rise to an increased rate of installation of ultrasound systems in hospitals and clinics.

Competitive Landscape

Key players in the ultrasound systems market utilize strategies involving production and development of revised product portfolio and new product launch, industry expansions aimed at enhancing their business operations and existing services, acquisitions of major health businesses to rapidly grow their core offerings, and making distribution agreements with branded pharmaceutical manufacturers to engage larger consumer base.

  • In September 2021, GE Healthcare confirmed plans to acquire ultrasound innovator BK Medical to boost its precision health presence globally.
  • In January 2020, Siemens Healthineers India launched ACUSON Redwood Ultrasound System at Indian Radiological & Imaging Association (IRIA). The system is built on the company’s new platform architecture and features advanced applications for greater clinical confidence, AI-powered tools for smart workflows and has shared services cardiology features used by different hospital departments.

Similarly, recent developments related to companies manufacturing ultrasound systems market services and technologies have been tracked by the team at Future Market Insights, which are available in the full report.

Key Market Segments Covered in Ultrasound systems Market Research

By Modality:

  • Cart/Trolley Based
  • Compact/Hand Held

By Application:

  • Radiology
  • Obstetrics & Gynaecology
  • Cardiology
  • Gastroenterology
  • Others

By End User:

  • Hospitals & Clinics
  • Diagnostic Imaging & Surgical Centers
  • ASCs
  • Others

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Sulfone Polymers Market | Development Trends, Competitive Analysis and Key Manufacturers Report by 2030

The sulfone polymer market is expanding due to the increase in demand for amorphous thermoplastics with higher strength and hydrolytic stability. A recent study by Future Market Insights (FMI) states that the global sulfone polymer market is expected to grow at 5.0% CAGR through 2030.

According to the report, the surge in demand from the healthcare and consumer products segments will propel the growth of the sulfone polymer market throughout the forecast period between 2022 and 2030. Sulfone polymer is increasingly used in electrical and electronics industry for miniaturization of electronics.

Demand for sulfone polymer from the electrical and electronics industry is anticipated to be worth US$ 354 Mn by 2030. This in turn is expected to bolster the growth of sulfone polymer market. FMI offers a holistic overview of the sulfone polymer market along with the detailed insights into growth drivers, restraints, and potential.

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Some of the key takeaways from the report are highlighted below

  • The surge in demand for polyphenylsulfone polymer is anticipated to boost the market during the forecast period
  • The rise in requirement from healthcare end user is projected to fuel the sales of sulfone polymer
  • North America will lead the global sulfone polymer market owing to the high demand in the countries such as the U.S., Canada, and others
  • East Asia will emerge lucrative in the global sulfone polymer market in the coming years

“Sulfone polymers have unique properties and can remain transparent even when exposed to high temperature. This attribute makes it highly sought-after for use in connector’s blocks and circuit boards. There is immense scope for application across various industries, which is why leading players are focusing on expansion of their capacities. This trend will continue creating growth opportunities for the market,” says an FMI analyst.

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COVID-19 Impact Analysis

Key end users of sulfone polymer market such as automotive & transportation, electrical & electronics, and others have been left battered due to the deadly COVID-19 pandemic. This has hampered the demand for sulfone polymer substantially.

Furthermore, the economic impact of the virus-outbreak has taken a toll on the manufacturing process due to the financial crisis worldwide. For instance, according to the Ministry of Statistics of India, India’s growth in the fourth quarter of the fiscal year 2022 went down to 3.1%. This declining growth is a result of decelerated production across industries, which is expected to hamper growth prospects for the market as well.

Who is Winning?

The global sulfone polymer market is highly competitive. In order to sustain in the positions, the key players in the market are started with launching of better quality products which target diverse end users.

For instance, SABIC has launched their new extensive range of sulfone polymers such as SUPER™ Metallocene Linear Low Density Polyethylene (mLLDPE), COHERE™ Metallocene Polyolefin Plastomer (POP), and others in the current year.

Sino Polymer has launched their new range of eco-friendly sulfone polymer such as BISPHENOL-A EPOXY VE, BROMINATED FR VE, NOVOLAC VE, and others in the recent year.

Sulfone Polymers Markey by Category

By Product Type :

  • Polysulfone
  • Polyethersulfone
  • Polyphenylsulfone

By End Use :

  • Automotive & Transportation
  • Healthcare
  • Electrical & Electronics
  • Consumer Products
  • Industrial Processing
  • Others

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More Valuable Insights on Sulfone Polymer Market

In the latest report by Future Market Insights, we offer an unbiased analysis of the global sulfone polymer market, providing historical data for the period of 2015-2021 and forecast statistics for the period of 2022-2030.

In order to understand the global market potential, its growth and scopes, the market is segmented on the basis of end use (automotive & transportation, consumer products, electrical & electronics, healthcare, industrial processing, others), product type (polyethersulfone, polyphenylsulfone, polysulfone), across six major regions (North America, Latin America, Europe, South Asia, East Asia, Oceania, MEA).

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Plastic Pipe Jointing and Welding Market research Current Scenario and Industry Growth Forecast with Major Key Players data by 2027

The Plastic Pipe Jointing and Welding market research report is proficient and top to bottom research by specialists on the current state of the industry. This statistical surveying report gives the most up to date industry information and industry future patterns, enabling you to distinguish the items and end clients driving income development and benefit. It centres around the real drivers and restrictions for the key players and present challenge status with development prospects. Additionally, the report displays potential opportunities in the Plastic Pipe Jointing and Welding market and also it features the effect of the different elements bringing about preventing or boosting the market analysis

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Plastic Pipe Jointing and Welding Industry is Analyzed By Manufacturers which Included

Dukane

Herrmann Ultrasonics

Emerson

Leister Technologies

DRADER Manufacturing Industries

Imeco Machine

Wegener Welding

Seelye

Bielomatik Leuze

Plastic Pipe Jointing and Welding Industry is Analyzed By Type

Mechanical Fastening

Adhesive Bonding

Welding

By End users

Commercial Use

Residential Use

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Competitive Landscape:

  • Established companies
  • Emerging players who are growing rapidly
  • New Entrants and Prominent Startups
  • Competitive Product Benchmarking
  • Product Development Matrix

The Global Plastic Pipe Jointing and Welding market report provides a thorough analysis of macro-economic factors and every segment’s market attractiveness. The report will include an in-depth qualitative and quantitative assessment of segmental/regional outlook with the market players’ presence in the respective segment and region/country. The information concluded in the report includes the inputs.
Global Plastic Pipe Jointing and Welding Market Report Covers Comprehensive Analysis On:

  • Market Segmentation & Regional Analysis
  • Market Size of 10 years
  • Pricing Analysis
  • Supply & Demand Analysis
  • Product Life Cycle Analysis
  • Porter’s Five Forces & Value Chain Analysis
  • Developed & Emerging Economies Analysis
  • PEST Analysis
  • Market and Forecast Factor Analysis
  • Market Opportunities, Risks, & Trends
  • Conclusion & Recommendation
  • Regulatory Landscape
  • Patent Analysis
  • Competition Landscape
  • 15+ Company Profiles

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Carbon Steel Market Size | One the Most Booming Industry in Upcoming Years Due to Global Demand by 2030

The carbon steel market size in 2022 has reached close to US$ 833 Bn. According to a recent study by Future Market Insights (FMI), the carbon steel market is forecast to rise at a CAGR of 5.1% between 2022 and 2030. The report is intended to offer an executive-level blueprint of the market to its stakeholders.

It studies the growth trajectory and gauges investment feasibility across key segments. According to the report, the carbon steel market is operating in an environment where lot of waste is generated and a huge amount of energy is consumed.

The steel industry is efficiently reducing the waste through waste recovery technologies and through recycling, which has been aiding environmental causes. The industry has adopted efficient fabrication and manufacturing process, which is reducing the energy consumption.

Carbon Steel manufacturers are no longer overheating or overcooling the rolling mills allowing them to manufacture products more efficiently by consuming less energy. Steps taken towards cautious manufacturing had bode well for the market.

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However, despite their efforts, the ongoing COVID-19 crisis has caused deceleration in the industrial production and disruptions in supply chain for 3 quarters of 2022.  Growth recovery in the upcoming years will be backed by the increasing demand from downstream industries such as automotive, construction, and heavy engineering & equipment will drive the carbon steel market.

Key Takeaways of Global Carbon Steel Market Study

  • Globally, the demand for energy efficient and low carbon neutral buildings is increasing. Carbon steel is an affordable and safer solution, which provides high strength, versatility, durability and full recyclability throughout the entire life cycle of buildings
  • Carbon Steel manufacturers are improving its blast furnace technologies by taking full advantage of the converter slag of steelmaking by-products and improving the permeability of the blast furnace. All these factors have led to decrease in the steel manufacturing cost
  • Construction industry is forecast to remain dominant end user through the forecast period. The global construction growth is expected to be 3.9% pa by 2030, as per a study by Oxford Economics, which will aid the overall expansion of the market
  • 25% increase on steel tariffs derivative steel has increased the USA’s domestic steel production. Manufacturers are therefore on the process of implementing and enhancing production capability so as to meet the end-user’s increasing demand
  • The global carbon steel market is expected to witness a plunge in FY2022, and is expected to recover sharply in the subsequent year as the industries across regional hubs have started resumption and augmentation of production and supply operations

 “Carbon steel is used by a wide gamut of industries, which has been aiding expansion of the market despite oversupply recorded in the steel industry. Despite nose-dive growth during ongoing pandemic, the market is forecast to recover especially as leading companies move towards consolidation keeping expansion in their mind,” says FMI analyst.

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Carbon Steel Market By Category

By Grade :

  • Low-Carbon steel
  • Medium-Carbon Steel
  • High-Carbon Steel
  • Ultra High-Carbon Steel

By Form :

  • Hot Rolled Steel
  • Cold Rolled Steel

By Application :

  • Basic and Perforated Sheets
  • Angle
  • Channels
  • Beams
  • Normal Plates and Floor Plate
  • Pipes
  • Tubes
  • Bars
  • Struts
  • Grating

By End Use :

  • Automotive
  • Construction
  • Railways
  • Shipbuilding & Marine
  • Aerospace
  • Energy
  • Heavy Engineering and Equipment
  • Consumer Appliances
  • Cutting Tools

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Who is Winning?

The carbon steel market is fairly consolidated, with manufacturing capacities majorly concentrated among tier-I manufacturers. While local tier-2 and tier-3 manufacturers present a stiff competition, tier-1 players leverage their distribution network and brand image in dominating the market space.

Some of the key players in the market are Nucor Corporation, ArcelorMittal, United States Steel Corporation, Baosteel Group, AK Steel Holding Corporation, EVRAZ, Hesteel Group, POSCO, Thyssenkrupp AG, JFE Holdings Corporation, etc amongst many others amongst many others.

Market players have been focusing on strategic expansion and acquisition of manufacturing facilities. This strategy would help companies to expand into new markets to withstand in competitive environment.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 8-years.

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Wood Plastic Composite (WPC) Floorings Market | Present Scenario, Growth Prospects and Competition Analysis by 2030

Over the years, the demand for wood-plastic composites (WPC) has significantly increased on the back of the high need for environment-friendly and low-cost raw materials in the residential sector. Likewise, increased spending on infrastructural developments in both the residential and commercial sectors is expected to give a major boost to the market during the forecast period.

There are several benefits associated with WPC floorings, such as low melting temperature and high stiffness as compared to conventional wood alternatives, which give it an edge in the flooring applications over other materials. Furthermore, WPC floorings are visually appealing and are relatively easier to install and maintain as compared to conventional flooring types.

Moreover, their resistance to humidity has also been crucial in cementing it as a fitting substitute for wood floorings or laminates. As WPC floorings are derived from waste materials from the wood industry and recycled plastics, they are considered sustainable and eco-friendly, gaining traction among consumers with high awareness.

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On these lines, backed by its low cost, WPC floorings are gradually replacing other floorings such as traditional wood floorings and luxury vinyl tiles (LVT) flooring. Besides, WPC floorings are easily shaped using conventional tools, minimizing the need for novel equipment, and reducing production cost.

On the other hand, increasing focus on research & development of products to improve their temperature resistance and strength is also expected to positively influence the growth of the market in the years to come.

Having analyzed and scrutinized all the aforementioned facets in its new market study, Future Market Insights (FMI) projects that the global WPC floorings market will grow in value at a healthy CAGR of 7.0% between 2020 and 2030.

Some of the key takeaways from the report include:

  • The global WPC floorings market is projected to surge past valuation of US$ 3,643 Mn by the end of 2030
  • By thickness, 5.5 mm, 6.5 mm, and 8 mm WPC floorings are poised to cumulatively account for more than a 3/4th of the overall market, with the former being the most sought flooring type
  • On the basis of the end-use sector, adoption in the commercial sector is anticipated to drive the majority of revenue, while the retail outlet segment is expected to account for 1/3rd of market value
  • Europe is forecasted to remain the largest regional market through the assessment period, accounting for a share little below one-quarter, owing to the development of the construction industry
  • East Asia and North America are poised to collectively account for over 2/5th of market value, ascribed to the growing trend of smart cities, and increasing emphasis on developing commercial infrastructure

“Market players are focusing on offering customizable products that suit consumer requirements such as color, stiffness, and thickness, among other parameters, to form a loyal consumer base, and are also directing their efforts to offer features such as biodegradability, weather compatibility, etc.” remarks FMI report.

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COVID-19 Impact on WPC Floorings Market

The outbreak of COVID-19, which swiftly metamorphosed into a pandemic of unprecedented proportions has led to the curt termination of construction activities across the world. Akin to numerous applications reliant on infrastructural development, the demand for WPC floorings has beheld a steep decline beginning in the first quarter of 2020.

On these lines, lack of workforce, supply chain disruptions, and unavailability of raw materials, among other perils of the pandemic are adversely impacting the growth of the market. On a positive note, a gradual return to normalcy in East Asia beginning from the third quarter of 2020, is likely to mitigate long term consequences to an extent.

WPC Floorings Market By Category

By Thickness, the WPC Floorings market is segmented as:

  • 4 mm
  • 5 mm
  • 5.5 mm
  • 6.5 mm
  • 8 mm

By End Use Sector, the WPC Floorings market is segmented as:

  • Commercial Buildings
  • Residential Buildings
  • Retail Outlets

Who is Winning?

Market players are focusing on upscaling production and expanding sales facilities to cater to the growing demand and offer enhanced consumer experience. Moreover, widening the product portfolio has also been identified as a crucial growth strategy adopted by market players to strengthen their foothold.

On these lines:

  • Pro-Tek, a UK-based manufacturer, offers five different types of WPC floorings with a wide range of properties, and all the designs are phthalate-free derived from 100% recyclable materials.
  • Oakia, a China-based player, specializes in manufacturing and installing outdoor flooring and decking.

FMI’s report includes profiles of some of the most prominent names in the market including Armstrong Flooring (AFI Licensing LLC), Mannington Mills, Pro Tek, Parterre Flooring, Shanghai SevenTrust Company Co., Ltd., Oakio, SPECTRA CONTRACT FLOORING, Coretec, Tecnodeck, WPC – WOODPLASTIC a. s., Leben India Private Limited, Novowood, Taizhou Huali New Materials Co., Ltd., and Nanjing Xuhua Sundi New Building Materials Co., Ltd, among others.

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To Know More About WPC Floorings Market

A new market research report published by Future Market Insights (FMI) on the global WPC floorings market offers an executive-level blueprint of the market. It offers insights into demand trends and provides analysis of opportunities over the forecast period, 2020-2030.

The report examines the market through four different segments – thickness, end-use, and region. The report also provides an extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the supply and product adoption across several end-use industries.

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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