Market Research Blog – Page 10805 – New Product Development

Smart Solar Market Key Players, SWOT Analysis, Key Indicators & Forecast by 2027

Smart solar device is the equipment that aids in extracting solar energy offering better efficiency in devices that use solar energy. Smart solar devices is among the devices that people are gradually getting aware of due to the initiatives taken by government agencies to discover alternate sources of energy which are renewable and are not easily depleted.

With the increase in urbanization and population worldwide, there is an increase in demand of resources. The depletion in natural resources is making organizations innovate in such a way that they can utilize alternative resources to extract the energy for the necessities in life.

Various energy requirement can be satisfied with application of solar power or solar energy systems. With the advancement in technology the devices are being innovated to operate in a smart environment.

Smart solar devices aids in minimizing the wastage in energy and utilizes the power in best possible way to make the energy available and improve the efficiency of devices.

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Advancement in fields including information technology and electronics and electrical are contributing towards designing and development of renewable device such as smart solar solutions.

Fluctuating electricity tariffs, increasing environmental concerns and rise in demand for renewable energy sources is subsequently leading to decrease in prices of smart solar components and solutions encouraging penetration of smart solar services.

Smart Solar Market: Drivers and Challenges

With the advancement in technology, there is an increased adoption in smart devices including smart solar components, solutions and services across various industries and their applications. The purpose of this adoption and advancement in technology is energy preservation and minimizing the harm done to the environment.

Customers concern towards renewable energy sources, other social and environmental factors augmenting the application of smart solar devices in everyday application is positively impacting the growth of smart solar market.

Emerging economies emerges with rising economic conditions and greater investment in infrastructure are acting as key opportunities for the smart solar market globally. High initial cost involved in installation of smart solar components or opting for solution or services related to smart solar devices is among the prime challenges faced by the key player in the smart solar market.

Smart Solar Market: Regional Overview

Regionally, smart solar market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East and Africa

Smart solar technology is widely adopted in regions such as North America, Western Europe, Latin America and some parts of Asia pacific and Middle East and Africa. Some countries including China, India, The U.S., and South Africa have already taken initiative to covert its energy consumption systems to smart solar devices which is impacting the smart solar market positively.

Smart Solar Market: Competition Landscape

Few prominent players in the Smart Solar Market include:ABB Schweiz AG, BPL Global Ltd., GE Power, Echelon Inc., Siemens AG, HCL Technologies Ltd., Itron Inc., Schneider Electric Inc., Silver Spring Network and SunPower Inc.

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Smart Solar Market: Segmentation

Smart solar market can be segmented on the basis of component type, application, end-use industry and regions

On the basis of component type, smart solar market can be segmented into

hardware
services
solar meter devices
smart grids
SCADA systems
RFID
system integration and deployment
consulting
support and maintenance
others

On the basis of application, smart solar market can be segmented into

industrial
commercial
residential purpose

On the basis of end-use industry, smart solar market can be segmented into

government offices
educational institution
energy and utility
healthcare
hospitality
others

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Deep Packet Inspection And Processing Market Outlook, New Opportunity & Demand Analysis, Forecast by 2027

Deep packet inspection and processing is a type of data processing technique that looks in detail at the contents of the data being sent, and re-routes it accordingly.

The demand for advanced security equipment to scan data streams for malicious content presents significant challenges to network security vendors. Security equipment, overwhelmed by the data rates of modern age networks, is more likely to miss attacks, leading to increased risks of security breaches.

Typical applications of deep packet inspection (DPI) include validate the proper and error free operation of network protocols, identification of anomalies such as network fraud, viruses, spam, security threats, routing and service level agreements, and network data mining.

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Market Overview

In recent years, the global deep packet inspection and processing market has witnessed a tremendous growth rate, mainly due to the increasing demand for detection of malicious software and improved internet security standards, better management of the growing data traffic.

Deep packet inspection and processing enables developers to delve deeper into the network packets and understand the network flows better. DPI brings to IT managers the ability to enhance security and prevent malicious access to their data centers. Additionally, it allows cost-effective load balancing, network monitoring or any other appliances based on network flow recognition.

Market Dynamics

Major factors responsible for fuelling the demand for deep packet inspection and processing techniques are — evolution of cyber-attacks, growing demand for network performance management & optimization solutions to efficiently manage present day complex networking environments and growing need to meet compliance requirements.

Additionally, factors such as growth of cloud computing, big data, IoT (Internet of Things) and advances in communication technologies will boost the deep packet inspection and processing market growth during the forecast period.

Enterprises are allocating significant share of their budgets for DPI and an appreciable portion of these investments are expected to flow into the deep packet inspection and processing market.

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However, the growth of deep packet inspection and processing market is expected to be hampered by factors such as lack of awareness regarding the risks associated with cyber-attacks and requirements of security solutions among various enterprises, and cost constraints of enterprises.

Limitations not with standing, deep packet inspection and processing has made significant inroads in certain fields as their advantages have solidified.

Key Market Players

The major players operating in the deep packet inspection and processing market include Intel Corporation, Cisco Systems, IBM Corporation, Hewlett Packard Enterprise Development LP, Palo Alto Networks, Inc., Symantec Corporation, Extreme Networks, Inc., Blue Coat Systems, Inc., and SolarWinds Worldwide, LLC. and Bivio Networks, Inc.

Market Segmentation

Deep Packet Inspection and Processing market is mainly classified on the basis of application, services, enterprise type, end user and regions.

On the basis of application, deep packet inspection and processing market is segmented into

intrusion detection system (IDS)
intrusion prevention system (IPS)
Network Performance Management
data loss/leak prevention and management.

On the basis of services, deep packet inspection and processing market is segmented into

training & consulting
integration
support & maintenance

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On the basis of enterprise type, the market is segmented as

small
medium
large enterprises

On the basis of end user, the market is segmented as

IT & Telecom
BFSI
Government and Defense
Medical & Healthcare
Retail and Others

On the basis of regions, the market is segmented into 7 key regions:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excluding Japan
Japan
Middle East & Africa

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Positive Patient Identification Market Development by Companies Outlook, Growth Prospects & Key Opportunities by 2026

A handheld device through which information related to a particular patient can be obtained is known as positive patient identification. In order to ensure better delivery of medication and patient safety, this device is gaining significant adoption among medical professionals across the globe.

For instance, a nurse can obtain patient information through bar code installed on the wrist band ensuring proper medication delivery to the patient and access to the patient records in a proper manner. With increasing advancements in medical technology, development of such devices is anticipated to be a breakthrough and hence, the positive patient identification market is expected to record significant growth in the near future.

With increasing demand for automated systems ensuring effective medicinal administration, demand for devices such as positive patient identification is anticipated to witness significant growth in the near future.

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Manufacturers of positive patient identification device are focused on developing advanced products ensuring more functionality and compatibility with computers. Pointers such as right diagnosis, right indicators, right time, right test and right patient are key essentials for positive patient identification manufacturers across the globe.

Positive Patient Identification Market Segmentation

Positive patient identification market is segmented on the basis of type, end use, patient type, and region. On the basis of type, the market is broadly segmented into software, hardware and service type. Further positive patient identification product type or hardware is segmented into printers, wristbands and labels.

These products are classified on the basis of characteristics such as whether the wrist bands are durable, waterproof, laminated or have clips or not, labels are made of paper or vinyl, size differences, price and others. Service type is further segmented into off premise and on-premise or cloud.

Based on the type of end use the segmentation includes hospitals, diagnostic centers and laboratories. Products for patient identification are also segmented on the basis of patient type into baby, pediatric, maternity and adult

Geographically, the Positive patient identification market segmented includes North America, Eastern Europe, Western Europe, Japan, Asia Pacific Excluding Japan, Latin America and Middle East and Africa.

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Positive Patient Identification Market Dynamics

Growing concerns of medical professionals in areas such as phlebotomy, surgical interventions, blood transfusion has led towards adoption of automated tools especially for patient identification. This is majorly intended towards limitation of errors due to improper error handling.

In addition, technological advancements in medical science have led to development of advanced medical devices, which is also fuelling the positive patient identification market growth. Furthermore, government requirements coupled with demand for efficient solutions resulting in expansion and growth of an organization are anticipated to boost demand for advanced medical tools such as positive patient identification in the near future.

Owing to demand for improved technology solutions, which provide improved workflow processes and minimal errors leading to positive patient identification with prime focus on virtual alert to nursing staff, alert about medication, maintained patient security and identity, among others.

This is primarily intended to lower down risks associated with insurance fraud, improper engagement, record mismatch and information theft of a patient. Product type development is further supported by development of integrated software solutions catering to the rising demand for positive patient monitoring system across the globe.

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Positive Patient Identification Market Key Players

Some of the key players in positive patient identification market include Taylor Communications, Inc., Imprivata, Inc., ZIH Corp, Identification Systems Group, RightPatient Inc., Cerner Corporation, Healthcare Barcode Printers Scanning Technologies, Endur ID Incorporated, GBS Corp, PDC Healthcare and SATO Australia Pty Ltd.

Players in the positive patient identification market across the globe are focused on developing complete solutions, which offer improved efficiency in the work and patient safety ensuring cost effectiveness.

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Bioacoustics Sensing Market : Key Players, Applications, Outlook, SWOT Analysis & Forecast by 2030

Bioacoustics is a cross-disciplinary science which combines acoustics and biology. Bioacoustics sensing combine sensing technology, biology, machine learning, and acoustics technology. It refers to investigation of the sound production, and dispersion and uses digital technology that includes software and devices that are used to analyze and record the sound.

Bioacoustics sensing is used for identifying, locating the animals and their condition and is also used in humans for medical applications, such as detecting cancer, reducing cancer tumors, monitoring blood pressure, respiratory system monitoring. Bioacoustics sensing is also used in consumer electronics such as smartphones, laptops and wearable devices.

Bioacoustics sensing is gaining popularity in sectors including healthcare and wearable consumer electronics. It is also used in agriculture and ecology for identifying and detecting the parasites to protect crops.

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Impact of COVID-19 Pandemic Outbreak on Bioacoustics Sensing Market

Ultrasound have become useful tool for doctors in the COVID-19 pandemic as it helps doctor to monitor COVID-19’s tell-tale lesions just below the pleura, the membranes that envelope the lungs and body as well. The ultrasound is used to manage the COVID-19 lung and cardiac complications.

Ultrasound is effective in imaging peripheral lung tissue affected by pneumonia. COVID-19 patients are at risk of cardiac complication as respiratory strain causes cardiac dysfunction so the cardiac ultrasound examination is used to analyse the effects that disease progression may have on heart function.

Due to features such as portability, compact, ergonomic design helps to easily adapt to various clinical spaces, such as emergency rooms, and operating rooms and so the demand has increased for the ultrasound recorder market in 2020.

Bioacoustics Sensing Market: Market Dynamics

Increasing Adoption of Machine Learning Algorithms in Bioacoustics Sensing

Bioacoustics data provides engineering and scientific insights in various field such as machine interpretation of human speech, ocean source localization, animal vocalization, and imaging geophysical structure in the ocean.

Data analysis in all these fields is difficult task due to challenges like missing measurement, data corruption, reverberation and large amount of data.

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As the dataset size increases the human effort required for manually identifying the acoustics features becomes limited. Machine learning techniques are used for pattern recognition across various fields including acoustics.

Machine learning in bioacoustics sensing helps to estimate the data labels based in measured attributes such as species of animal or their location based on recordings from acoustic arrays as these labels and measurements are uncertain.

Machine learning in bioacoustics sensing provide superior performance relative to conventional signal processing methods. Unsupervised learning algorithms are used for exploratory data analysis, anomaly detection, data visualization, and feature learning.

Lack of Knowledge and Skilled Resources is Restricting the Market Growth

Due to lack of knowledge and skilled resources for using bioacoustics sensing technology is restricting the growth of the market. As the technology is emerging in the market the deployment of the technology is less due to which there is less number of bioacoustics sensing solutions and hardware providers which is slowing the growth of the market.

Hence, due to lack of awareness among the users there is less adoption of bioacoustics sensing technology and this factor is restricting the growth of the market.

Bioacoustics Sensing Market: Key Players

The key players in the Bioacoustics Sensing are –

IBM Corporation
AT&T Inc.
Panasonic Corporation
Honeywell International Inc.
Avisoft Bioacoustics
Med-Acoustics
Remon Medical Technologies
Pacesetter Inc., among others.

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 of the global Bioacoustics Sensing market.

The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with Bioacoustics Sensing market attractiveness as per segments. The report on Bioacoustics Sensing market also maps the qualitative impact of various factors on Bioacoustics Sensing market segments and geographies.

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Bioacoustics Sensing Market: Segmentation

By Component

Hardware
Detectors
Sound Recorders
Microphones
Software
Audio & Video Software
Sound Analytic Software
Others
Services

By Application

Healthcare
Wearable
Consumer Electronics
Others

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Contactless Payment Market Analysis, Size, Share, Growth, Trends And Forecast to 2027

Contactless payment is the mode where in secure payment transactions are done using technologies such as bluetooth, infrared, radio frequency identification (RFID), and near field communication (NFC). Contactless payment takes almost one-tenth of the time taken by the traditional electronic transaction making it more hassle-free for the customers.

The need to make payment more securely and the convenience to pay fast without having any cash or identity details is making contactless payment mode popular game changer. Initially, contactless cards were used in the form of travelling tickets only; it has evolved and is helping consumers to make payments for almost anything. Contactless payment has an upper limit to amount paid and number of transactions per day.

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Contactless Payment Market: Drivers

A number of factors are contributing to the growth of contactless payment systems such as advancement in contactless payment technology, rising awareness of plastic money among the buyers, increasing frequency of purchases and the need for fast transaction time without any inconvenience of standing in long queues. Contactless payment is further evolving, making itself a useful interface between the consumers and retailers, advertiser, and marketers.

Contactless Payment Market: Restraints

The initial installation cost, government limitation to number of contactless payment transactions per day and the amount limitation that can be transacted per day are few shortfalls of contactless payment which are hindering the contactless payment market growth.

Risk of spyware, malware and virus attacks due to usage of numerous systems is limiting the adoption of contactless payment globally. Low awareness of this mode of payment, especially across Asia Pacific and Latin America, is further restricting the contactless payment market growth.

Contactless Payment Market: Segmentation

Contactless payment market can be segmented on the basis of type, mode of payment, end user, technology and region. On the basis of type, contactless payment market can be segmented into hardware and software. Hardware can be sub-segmented into smart-cards, point of sale (POS) terminals and smart-card readers.

The software segment can be sub-segmented into smartcard reader drivers, POS software, application programing interface (API), software development kit (SDK) and mobile applications. On the basis of mode of payment, contactless payment market can be segmented into smart card, smart wearable, smartphone and others.

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On the basis of end user, contactless payment market can be segmented into Banking, Financial services and Insurance (BFSI), retail, public sector, transportation and logistics, hospitality, and others.

On the basis of technology, contactless payment market can be segmented into infrared based, Bluetooth based, NFC based and RFID based. On the basis of region, contactless payment can be segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East and Africa.

Contactless Payment Market: Regional Outlook

As of 2016, contactless payment system has high penetration in North America. The market in Europe is expected to grow considerably in the near future. Asia Pacific is contributing to the contactless payment market with growing purchasing power of people in the region, and also due to increasing acceptance of this mode of payment.

Contactless Payment Market: Competition Landscape

The key players in the contactless payment market include ACS (Advanced Card Systems) Ltd., Chip & Pin Solutions Ltd., Mifare Pty Limited, Ingenico Inc., Gemalto N.V., Verifone Systems Inc., Heartland Payment Systems Inc., On Track Innovations Ltd., Castles Technology Co. Ltd., and Bindo Labs Inc.

These companies are investing in updated technologies to improve the existing system and a few of them are following the strategy of mergers and acquisition to upgrade their payment system. Increasing innovation in the contactless payment mode and initiatives to enhance awareness of contactless payment technology is anticipated to drive the contactless payment market.

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Data Centre Rack Server Market Research Report by Type, Production Technology, Application – Global Forecast to 2026

A data center rack server is a rack-mounted server. Data center rack server is usually a computer dedicated to use as a server for the data center and it is configured to install in a framework called rack. Data center rack server consist of multiple mounting slots called bays, each designed to stack a hardware unit in place secured with bolted enclosures.

A data center rack server has a low-profile enclosure, in contrast to a tower server. Data center rack server is design to contain multiple servers by stacking one above the other. Data center rack server consolidates network resources and minimizes the required floor space.

The data center rack server design also simplifies cabling among network components. Considering huge amount of data generated and corresponding increase in data centers to hold and process such data will boost the data center rack server market over the forecast period.

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Data Centre Rack Server Market: Drivers and Restraints

In present era, every business houses, establishments are relying on data generated through various modes. Across of globe zillionth of data are being stored and transferred in a blink of an eye through data center rack server. In addition, data centers across globe are multiplying at a same speed at which it can accumulate all those data, which are being generated every second.

Such data centers are fitted with hundreds of data center rack server for executing data related task. Banking business, e-commerce business, cloud-based services etc. has increased in recent years. This service, for online purposes or web-based services, requires ample number of server to transfer and receive data from every nook and corner possible in this planet.

Growth in such business is fuelling the demand for data center rack server. The market is facing all-time high in demand for need of high functioning servers as well as product that can help in lessening operational expenditure. The data center rack server is the most apt system available in market to meet such needs.

Data center rack server market has least of possible restraint now unless any disruptive technology is invented which eliminates the use of servers from IT systems.

Global Data Center Rack Server Market: Regional Outlook

Based on the geographic regions, global data Centre rack server market is segmented into seven key market segments namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, and Middle East & Africa.

Among the aforementioned regions, North America will dominate the data center rack server market over the forecast period owing to the fact that North America has the largest data centers in world and it has been foremost in developing and producing data center rack server products for convenience.

In APEJ countries such as China, India, and Thailand will be the key contributor to the growth of data Centre rack server market due to the very fact IT industry and subsequent data centers are increasing in these countries. Western Europe region will come next to APEJ with respect to growth of data center rack server market.

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In Eastern Europe, the market of data center rack server has also gathered momentum in recent years. MEA and Latin America data center rack server market is yet to see progress as large scale data center rack server are in minimum numbers owing to a very meagre growth in data center businesses. However, over the forecast period it is anticipated that data center rack server market will grow in this specific region.

Data Centre Rack Server Market: Key Players

The major players identified in the global data center rack server market includes:

com
Hewlett Packard Enterprise Development LP
Lenovo
FUJITSU
NEC Corporation
Selrack Pvt. Ltd

Data Centre Rack Server Market: Market Segmentation

Based on product type, Data Centre Rack Server market can be segmented into:

Single processor Quad core
Single processor Xeon
Dual processor Xeon
4-way server
N-way server
RISC servers

Based on end user type, Data Centre Rack Server market can be segmented into

Banking Institutions
E-commerce Businesses
Cloud Services
Cyber Security Firms

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Global Potassium Sulfate Market Demand to Reach a Valuation of US$ 6,566.6 Mn by the end of 2029

A recently published market study by Future Market Insights (FMI) on the potassium sulphate market integrates the global industry analysis for 2014-2021 and market opportunity assessment for the forecast period of 2022-2029. The market study divulges fundamental insights and provides an in-depth market analysis for the historical as well as forecast period. As per the market valuation in the report, the global potassium sulphate market is estimated to witness noteworthy growth due to growing demand from the agricultural sector.

The global potassium sulphate market value to top US$ 4,742.0 Mn in 2022 and is anticipated to grow with 4.8% CAGR throughout the forecast period of 2022-2029.

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Consumption of fertilizers is directly related to agricultural production and indirectly to increasing global population; higher the population more will be the requirement for food. On the other side, loss of crops due to unforeseen seasonal changes and calamities will further deepen the food supply at the global scale. Changing eating habits such as increasing meat consumption, have increased the requirement for feed grains leading to increased fertilizer usage. Vegetables and fruits constitute about 27% of the total production and require chloride-free fertilizers for healthy growth. Thus, growing cultivation of vegetables and fruits, especially citrus fruits and melons, is expected to be the prime factor driving the growth of the potassium sulphate market.

Over the last few years, the production of specialized crops has registered a significant growth, primarily driven by the population growth and changing consumer preference for healthier diets. Increase in production of such specialized crops is expected to drive the demand for potassium sulphate market over the forecast period.

Lucrative Growth Opportunities in Asia Pacific and Middle East & Africa

Developing regions, such as Asia Pacific, Middle East & Africa, and Latin America are slated to witness strong growth during the forecast period. Agriculture-based economies, focus on boosting agricultural output, and countries with low percent of arable land to total land make the regions of Asia Pacific and the Middle East & Africa prominent markets for potassium sulphate. Countries in North Africa & Central Africa present a wide opportunity for the usage of potassium sulphate as a fertilizer to boost agricultural production and reduce dependability on food imports in the region.

In developed regions such as North America and Europe, potassium sulphate is gaining traction for its exceptional performance and less toxic effects, especially in dry conditions. Owing to the growing preference for high value fertilizers, North America and Europe are expected to be potential markets for potassium sulphate.

Fruit and Vegetable Cultivation to Remain Prominent Application Area

The global potassium sulphate market has been classified on the basis of product form type and application, along with regions.

Based on form, granular form of potassium sulphate remains a prominent choice, and is anticipated to hold a more than half of the global potassium sulphate market share throughout the forecast period. The demand for granular form is mainly driven by its cost-effective nature as well as various attributes such as optimum amount of potassium and sulphur content.
Growing application of potassium sulphate in fruit crop is expected to contribute a major share to the manufacturers’ bottom lines. Collectively, fruits, vegetables, and tree nut segments are expected to hold ~70% of the total value share. In the recent years, people are becoming more and more health conscious and thus, consuming more fruits, tree nuts and, green vegetables, which in turn, is driving the demand for potassium sulphate.

Potassium Sulphate Market: Manufacturer Insights

According to the FMI analysis, the global potassium sulphate market is moderately consolidated with some of the global players holding prominent share in the global potassium sulphate market. The global potassium sulphate market report sheds light on few of the prominent players in the global potassium sulphate market. Some key players operating in the market are SDIC Luobupo, K+S Kali GmbH, Tessenderlo Group, Ching Shiang Chemical Corporation, and Compass Minerals, among others.

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Potassium Sulphate Markey by Category

By Product Form:

Granular
Powder
Liquid

By Application:

Tree Nuts
Fruits
Vegetables
Tobacco
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
MEA (Middle East & Africa)

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Market for Artificial Turf is Expected to Expand at 5.9% CAGR through 2031: Future Market Insights

As per a research survey conducted by ESOMAR-certified consulting firm Future Market Insights (FMI), the global artificial turf market is expected to reach US$ in 2021. Increasing adoption of artificial turns for landscaping in residential and commercial buildings is expected to facilitate growth.

As per FMI, the market for artificial turf will expand at 5.9% CAGR over the forecast period 2021-2031 in comparison to CAGR 1.8% registered between 2016 and 2020.

Artificial turfs are increasingly used in hotels, restaurants, residential houses, and airports for various landscaping applications such as decorating balconies, rooftops, swimming pools, children playgrounds, and lawns. Thus, with the expansion of urban infrastructure aligned with modern lifestyle, the demand for artificial turf is expected to propel in the coming years.

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Due to its superior characteristics such as high durability, less maintenance, low replacement rate over natural grass, artificial turfs are progressively used in contact sports such as rugby, football, hockey, and cricket playing fields and stadiums.

Thus, increasing number of stadiums across the world and upcoming global sports events such as ICC World Cup 2023, FIFA World Cup 2022, and others are anticipated to accelerate the sales of artificial turfs over the next ten years.

“Manufacturers in the market are emphasizing on developing third-generation turfs using hybrid technology for developing innovative products with shock pads and anti-bacterial properties to address the increasing demand from landscaping and sports sector,” says the FMI analyst.

Key Takeaways from the Artificial Turf Market Survey

In North America landscape, the U.S. is estimated to remain a dominant market driven by the increasing demand for artificial turfs from landscaping and leisure applications.
The U.K, home to large number of football and cricket stadiums, is expected to emerge as one of the most remunerative markets.
The market for artificial turfs in India is projected to exhibit the fastest growth in the Asia Pacific on the back of increasing government support for upgrading sports infrastructures, especially hockey and football.
Germany is estimated to account for a significant share in the European market on the back of the presence of a large number of leading artificial turfs manufacturers in the country.
Based on infill material, the rubber is likely to dominate the segment favored by the increasing adoption in outdoor sports.

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Competitive Analysis

Leading players operating in the artificial turfs market are heavily investing in research and development activities to develop novel product to expand their product portfolio. Besides this, some of the players are engaging into strategic mergers & acquisitions of small and medium-scale companies. For instance,

In 2017, Synthetic Grass Warehouse, Inc. an America based company announced launching its new artificial turf named, Everlast Turf’s Nature’s Best. The product is aimed to provide realistic looking artificial grass with enhanced durability.
In August 2019, SportGroup subsidiary company, AstroTurf acquired, an American company, Nagle Athletic Surfaces Inc. The acquisition assisted the company to capitalize on the extensive range of products of Nagle Athletic Surfaces, Inc. and increase their market share.

More Insights into the Artificial Turf Market Report

In its latest report, FMI offers an unbiased analysis of the global artificial turfs market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of infill material (rubber, sand, and other) and application (contact sports, non-contact sports, leisure, and landscaping) across seven regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa).

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Sales of Perfume Ingredient Chemicals Market Will Boost Due to Increasing Demand for Natural and Organic Products

Global revenue from the sales of perfume ingredient chemicals was valued at US$ 6.7 Bn in 2022 and is projected to reach a market value of US$ 8.9 Bn by 2027 end, increasing at a CAGR of 5.7% during the forecast period i.e. between 2022 and 2027. According to a new publication by Future Market Insights titled “Perfume Ingredient Chemicals Market: Global Industry Analysis (2012 – 2021) and Opportunity Assessment (2022 – 2027),” most of the companies manufacturing perfume ingredient chemicals focus on manufacturing fragrances and materials with synthetic chemicals.

The expert analysts of Future Market Insights have observed that the personal care and cosmetics industry will witness major opportunities for growth and is all set to help market players increase their market share and business revenue

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Global Perfume Ingredient Chemicals Market: Restraints

High cost of raw materials and lack of low tier manufacturing
Low awareness of greener products and low production growth
High cost of extracting raw ingredients and expensive research & development programmes
Raw material price fluctuations and high cost of petroleum based fuels
Growing concerns regarding the harmful effects of using aggressive ingredients

Global Perfume Ingredient Chemicals Market: Forecast by Application

On the basis of application, the global perfume ingredient chemicals market is segmented into fine fragrance, home care, laundry care, personal care, cosmetics, and others. The fine fragrance segment accounted for a significant market value share of 22.3% in 2022, followed by the personal care segment. The personal care segment is expected to remain dominant till 2027. This segment is also expected to remain the most lucrative during the forecast period.

Global Perfume Ingredient Chemicals Market: Forecast by Product Type

Product type segmentation comprises synthetic aroma chemicals and essential oils. Synthetic aroma chemicals segment is further segmented into alcohols, esters, ethers, ketone, and others. Essential oils segment is sub-segmented into orange, citronella, peppermint, eucalyptus and others. Synthetic aroma chemicals segment is anticipated to witness the highest value CAGR of 5.7% in the global perfume ingredient chemicals market. Cost factor is expected to move market players to adopt synthetic products; further, a global trend towards green products is expected to create lucrative opportunities for manufacturers of essential oils owing to a growing consumer preference for herbal products.

Global Perfume Ingredient Chemicals Market: Forecast by Region

Asia Pacific is estimated to be the most lucrative regional market in terms of revenue generation in the global perfume ingredient chemicals market, valued at US$ 1,198.0 Mn in 2022 and is expected to expand at a CAGR of 6.2% over the forecast period. Within the Asia Pacific, China & India are expected to remain in a dominant position for perfume ingredient chemicals demand. In terms of growth, following the Asia Pacific are several European countries such as Italy, France, and U.K. A noteworthy increase in sales in other developing markets such as Brazil, Russia, Turkey, GCC countries and South Africa is anticipated over the forecast period.

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Global Perfume Ingredient Chemicals Market: Key Players

Sensient Technologies Corporation, BASF SE, Eternis Fine Chemicals, YingYang (China) Aroma Chemical Group, KDAC CHEM Pvt. Ltd., Frutarom Harmony Organics Pvt. Ltd., Atul Ltd, GODAVARI BIOREFINERIES LTD, Givuadan Firmenich, International Flavors and Fragrances Inc., Symrise, Takasago International Corporation, MANA SE, Robertet SA, T. Hasegawa USA, Huabao International Holdings Limited, Zhejiang, Xinhua Chemical Co., Ltd, Henkel AG & Co KGaA ADR, and Charkit Chemical Company LLC are some of the leading companies operating in the global market that have been profiled in this report.

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Construction Polymer Market Reach a net worth of US$ 298,384 Mn by the end of 2026: FMI Study

Over the years, the global construction industry has emerged as the largest consumer of polymer composites. Surging use of polymer and polymer composite materials in the construction industry has been instrumented by the technical, structural, architectural, and designing advantages of construction polymers over conventional construction materials such as dust, sand and concrete.

Future Market Insights’ new report reveals that by the end of 2026, over US$ 135 Mn worth of construction polymers will be sold globally. With increasing feasibility in raw material procurement and supply chain of polymer materials, more companies are expected to partake in the construction polymer businesses.

The study has assessed the future of the global construction polymer market for the period, 2022-2026. During this forecast period, the global construction polymer market is poised to expand vigorously at a CAGR of 6.5%.

Advanced polymer materials are becoming attuned to the developments in construction techniques and civil engineering technologies. Special properties of these materials are bringing more advantage for building sector players in terms of extending the life of constructed structures and using advanced engineering for innovative architectures.

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Demand for PVC Polymers to Remain High Throughout Forecast Period

A key insight from the inferences offered in the report reveals that the exceptional properties of polyvinylchloride (PVC) polymers have extended their demand in the construction industry. From providing the perfect balance of strength and flexibility to their competency in terms of frictional efficiency, safety, fire resistance, waterproofing, and design versatility, PVC polymers have become a sought-after construction polymer in the global market.

By the end of 2026, nearly US$ 50 Mn worth of PVC polymers are expected to be sold in the global construction polymer market. The report has further analysed the global construction polymer market on the basis of type of construction activity, wherein over three-fifth of construction polymers being sold in the global market will be used to new construction as opposed to renovation.

Housing Real Estate Sector – Largest End-user of Construction Polymers

In 2022, it is estimated that nearly US$ 30 Mn worth of construction polymers were sold in the global housing real estate sector. The demand for construction polymers is expected to remain high in commercial as well as housing (residential) real estate sectors. Collectively, these end-use sectors are expected to account for around two-third share of global revenues towards the end of the forecast period.

The report further projects that a majority of construction polymers used in the industry will be applied for building walls. The application of construction polymer in construction of walls will gain traction pertaining to the growing importance of creating strong walls for high-rise buildings. By 2026, construction polymers worth nearly US$ 50 Mn will be used for wall applications in the global market. The report also reveals that insulation and sliding applications of construction polymer will register fastest revenue growth at an estimated CAGR of 7.8% during the forecast period.

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Global Construction Polymer Manufacturing to Remain Concentred in the APEJ Region

A regional analysis on the global construction polymer market forecast has been provided in the report, which reveals the Asia-Pacific excluding Japan (APEJ) region as the largest market for construction polymers. By 2026, the APEJ construction polymer market is expected to be worth over US$ 64 Mn. The study has profiled the leading manufacturers of construction polymers, which include HB Fuller, Momentive Performance Materials Inc., Huntsman Corporation, Evonik Industries AG, Solvay, Arkema, DuPont, SCG Chemicals, Croda, Henkel, Sika AG, 3M Company, PolyOne, BASF, and Formosa Plastics. A majority of the key players in the global construction polymer market are expected to be based in the APEJ countries such as China, India and South Korea. Feasible industrial regulations and booming construction industry are expected to factor the dominance of the APEJ region in terms of global construction polymer production through 2026.

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