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The market for contract lifecycle management is anticipated to reach $2,413.9 million in US dollars by 2029, expanding at a CAGR of 12.2% from 2022 to 2029. According to the report, the contract lifecycle management industry will rise through 2029 as a result of a greater emphasis on risk assessment, trend forecasting, and client behaviour analysis.

Integration of advanced technologies such as artificial intelligence, machine learning, IoT and others will also continue to fuel the sales of contract lifecycle management solutions. Furthermore, the ability of these solutions to focus on compliance of rules & regulations will boost the demand of contract lifecycle management solutions in 2023 and beyond.

Digitization of industries across the globe is increasing and companies are moving from traditional manufacturing to digital manufacturing and adopting advanced technologies. With rapid adoption of advanced technologies, sales of contract lifecycle management solutions is set for a massive upswing over the next decade.

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According to the FMI report, the usage of contract lifecycle management solutions for procurement business functions is poised to offer a total incremental opportunity worth over ~ US$ 2413.9 Mn during the forecast period of 2022 to 2029.

The software segment in contract lifecycle management market continues to steal the spotlight throughout the forecast period, unveils the contract lifecycle management market research study. Revenue generated by professional services is to increase in the regions where there is high usage of contract lifecycle management solutions. Demand for professional services will majorly be driven by the increasing requirement for risk & compliance assessment and implementation & integration services offered under this segment.

Contract Lifecycle Management Market Players to Double their Investments in Europe & East Asia

Rapid developments in new technologies such as hybrid cloud based contract lifecycle management solutions, have made access to new markets easier and cost-effective. With the help of such contract lifecycle management solutions, one can manage contracts in real time, providing more visibility, choice, and control over cloud, electronic repository, and other infrastructure, finds the report.

Hence, through the flexibility offered by such technologies, established and growing vendors of contract lifecycle management software can take the advantage of the booming opportunities in regions such as Europe and East Asia.

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Moreover, economic growth of developing countries, such as Germany, France, China and India, is complemented by the declining prices of enterprise applications and contract lifecycle management solutions in these regions. Thus, according to the study the leading players of contract lifecycle management market will double their investments in these regions.

FMI’s business intelligence also highlights the trend setting insights into the competitive scenario of contract lifecycle management market along with differential strategies followed by the solution providers. Leading players in the contract lifecycle management market are providing cloud based solutions integrated with advanced technologies, as cloud based contract lifecycle management solution makes it an ideal, paper-less way to share all the contracts with only the people they deem necessary.

For instance, in May 2018, Apttus launched Apttus Omni, a contract lifecycle management solution that can benefit business outcomes for enterprises by improving the efficiency of revenue, contract and procurement operations across legal, sales, finance, operations, and other functional groups.

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Competitive Landscape

Contract lifecycle management key providers have focuses on acquiring companies, which serve as catalysts to organic growth by adding complementary technology, expanding served market, and help in enhancing domain expertise or market access. Through this business strategy, the key providers serve to expand its market and to strengthen its competitive differentiations.

• Coupa Software Inc. (Exari)
• Infor
• Newgen Software Technologies Limited
• SAP SE
• Infosys Limited
• Information Services Group, Inc.
• Model N, Inc.
• Synertrade (Econocom Group)

Contract Lifecycle Management Market Outlook By CategoryBy Solution, Contract Lifecycle Management Market is segmented as:

• Contract Lifecycle Management Software
• Contract Lifecycle Management Services

By Business Function, Contract Lifecycle Management Market is segmented as:

• Legal
• Finance
• Procurement
• Sales
• Operations
• Human Resource
• Information Technology

By Industry, Contract Lifecycle Management Market is segmented as:

• BFSI
• IT & Telecom
• Government & Public Sector
• Energy & Utilities
• Manufacturing
• Healthcare & Pharma
• Life Sciences
• Retail
• Real Estate
• Others

By Region, Contract Lifecycle Management Market is segmented as:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East & Africa

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Ultrasonic flow metres are used to measure liquids that allow ultrasonic waves to pass through them, such as molten metal, water, sulphur, chemicals, and cryogenic liquids. Water and wastewater, oil and gas, chemicals, power, pharmaceutical, food and beverages, pulp and paper, and metals and mining are all industries that use ultrasonic flow metres. Ultrasonic flow meters measure the velocity of a fluid with ultrasound to calculate the volume flow. Transmission flow meter, open-channel flow meter, and Doppler flow meter are three types of ultrasonic flow meters.

To gain a significant market share in the ultrasonic flow metre market, manufacturers are focusing on competitive pricing. Furthermore, strategic mergers and acquisitions, as well as technological innovations, are key focus areas for manufacturers.

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Ultrasonic Flow Meter Market- Competitive Landscape

Titan Enterprises has introduced new software functionality for its MetraFlow and Atrato ultrasonic flow meters to provide customers to move the measurement window to ensure measuring at the optimal point of signal. TASI Group has acquired Sierra Instruments and ONICON. The products offered by ONICON include ultrasonic flow meters, turbine flow meters, energy meters, airflow meters, transmitters and sensors. While Sierra Instruments offers liquid, gas and steam flow meters, flow and level switches, digital mass flow meters and controllers and flow calibrators.

Honeywell International Inc.

Established in 1906, Honeywell International Inc. is located in the US. The company provides consumer and commercial products, aerospace systems, and engineering services. It also provides automotive products, turbochargers, process technology for petrochemical and refineries, advanced materials, and energy efficient solutions and products.

Schneider Electric SE

Founded in 1836, Schneider Electric SE is located in France. The company manufactures automation and energy management solutions. It operates through four businesses including medium voltage, low voltage, industrial automation, and secure power. In 2018, Schneider Electric acquired electrical and automation business from Larsen & Toubro in India.

Cameron International Corporation

Founded in 1920, Cameron International Corporation is located in the US. The company provides processing, pressure control, flow control, compression systems along with the aftermarket services and project management for oil and gas and process industries. The company also provides offshore and onshore platform wellhead system and processing solutions including actuators, valves and chokes.

Endress+Hauser AG  

Established in 1953, Endress+Hauser AG is located in Switzerland. The company provides measurement instruments, automation solutions, and services for the industrial processing engineering in Asia Pacific, Africa, Europe, the Americas, and the Middle East. The company also offers flow metering, field network engineering, analytical solutions, and plant asset management solutions.

Ultrasonic Flow Meter Market Dynamics

Upgradation and Modernization of Refineries to Propel Demand for Ultrasonic Flow Meters

Ultrasonic flow meters are extensively used in the oil refineries, especially in crude oil metering. The need to measure crude oil at various steps during its movement from extraction to the production facility is driving demand for ultrasonic flow meters. Moreover, existing oil refineries are increasingly focusing on upgradation and modernization of refineries which will result in the growing demand for ultrasonic flow meters.

Developing nations across the globe are increasingly investing in the development of refineries. For instance, BPCL, EIL, IOC, and HPCL have announced developing the biggest refinery in India on the west coast which is projected to cost US$ 30 billion. Rise in the capacity of refineries in developing countries is likely to boost the demand for ultrasonic flow meters.

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Manufacturers Developing Portable and Handheld Ultrasonic Flow Meters

Manufacturers in the ultrasonic flow meter market are focusing on providing industry-the specific solutions. New ultrasonic flow meters are being developed with the features as per the requirement of specific industry. Meanwhile, handheld ultrasonic flow meters are finding wide application in measuring dirty fluids and slurries for the chemical, water treatment, and food processing industries.

Manufacturers are also focusing on developing portable ultrasonic flow meters using both transit time and Doppler technologies to measure flow and velocity of liquids. These portable ultrasonic flow meters are witnessing huge demand from the petrochemical and refinery industries to carry survey work in remote locations. Meanwhile, in recent years, solar-powered ultrasonic flow meters have also gained traction owing to the increasing disparities between the demand and supply of electricity.

Availability of Broad Range of Flow Meters to Impact Ultrasonic Flow Meter Market

One of the key factors impacting the growth of the ultrasonic flow meter market is the availability of a wide range of flow meters used across various industries. Moreover, manufacturers in various industries who are using traditional flow meters are avoiding bearing the possible risk and switch to the latest flow meter technologies. This attitude of manufacturers is restraining the adoption and growth of ultrasonic flow meters. However, manufacturers in the ultrasonic flow meter market are focusing on showing the benefits of using ultrasonic flow meters across industries.

Hydraulic Demolition Machine and Breaker are the machines designed to knock down or break rigid structure. The hydraulic demolition machine and breaker have hydraulic system attached to the machine which provides perfect hydraulic flow through engine speed. Thus the system ensures hydraulic power need during the demolition and breaking process.

A breaker is a powerful beating hammer fitted to an excavator for demolishing rocks or concrete structures. The breaker is powered with the help of auxiliary hydraulic system from the excavator and is operated by the foot-operated valve. Application of hydraulic demolition machine and breaker can be seen in the industry like construction and mining for demolishing or breaking of the large area.

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Global Hydraulic Demolition Machine and Breaker Market: Dynamics

Hydraulic Demolition Machine and Breaker is driven to its application where jackhammering and blasting is not possible due to environmental and most important safety issue. Hydraulic demolition machine and breaker outperforms in the construction industry and is a potential factor to the market growth.

Owing to demolition which is said to be a key ingredient in progress for the deconstruction of bridges, building, and other tough and gritty structure, hydraulic demolition machine and breaker play a vital role in the situation where these machine provide the best output result. Hydraulic demolition machine and breaker help to provide most power and torque, as the hydraulic fluid cannot compress like air it has the ability to work underwater, and will not freeze at low temperature are key drivers for the growth of hydraulic demolition machine and breaker market.

Hydraulic demolition machine and breaker & tools used for mining such as underground coal mining purpose is another potential factor for the growth of the market owing to spark that triggers explosion is prevented as they lack any high-power electrical circuitry that can lead to an explosion. Hydraulic demolition machine and breaker ease the work for demolition process and application of it ensure speed in work thus the factor decreases the other cost related to the same.

Challenging factor for hydraulic demolition machine and breaker market is the initial cost associated which is relatively higher as compared to other machine and human workforce used for the purpose of demolition and breaking.

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Global Hydraulic Demolition Machine and Breaker Market: Region Wise Outlook

The Global Hydraulic Demolition Machine and Breaker market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and the Middle East and Africa (MEA).

North America holds relatively higher share in the hydraulic demolition machine, and breaker market is owing to higher demolition rates of building and bridges and other related activities in the region. The region growth is attributed to rising mining industries that boost the potential to hydraulic demolition machine and breaker market growth. Moreover, restrictions over blasting and safety concern in the urban area for building give rise to the use of hydraulic demolition machine.

Thus the developed region of North America is estimated to show healthy CAGR during the forecast period. Europe is estimated to show robust demand for energy efficient hydraulic demolition machine and breaker at the area where it will lessen the workforce and will increase efficiency and productivity. Japan rising demand for hydraulic demolition is seen as the construction in the country is done in such a way that the building remains

APEJ is estimated to grow at high CAGR in the forecast period of the hydraulic demolition machine and breaker market is owing to the rise of mining coal industries from countries like China and India that are supporting market growth.

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Global Hydraulic Demolition Machine and Breaker Market: Prominent Players

Few of the prominent players in the Hydraulic Demolition Machine and Breaker market are as follows

• Atlas Copco Ltd.
• Volvo Construction Equipment North America, Inc.
• INDECO N.A.
• Caterpillar Inc.
• Komatsu Limited
• Hitachi Construction Machinery Co., Ltd.
• J C Bamford Excavators Ltd.
• Kobelco Construction Machinery Co., Ltd.
• Sandvik Construction
• Tramac Equipment Ltd.
• Hammersrl.

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 exhaustive 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 and Rest of Latin America)
• Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg and Rest of Western Europe)
• Eastern Europe (Poland, Russia and Rest of Eastern Europe)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC, S. Africa, and Rest of MEA)

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.

Global Hydraulic Demolition Machine and Breaker Market: Segmentation

Based on attachment type: Global Hydraulic Demolition Machine and Breaker market is segmented into

• Uni Ram type
• Top bracket Type
• Box bracket Type
• Side bracket type
• Crusher
• Pulverizers
• Grapple
• Shear

Based on End-use:Global Hydraulic Demolition Machine and Breaker market is segmented into

• Mining
• Deconstruction
• Waste recycling and Demolition
• Snow removal / Landscape

Based on handling device:Global Hydraulic Demolition Machine and Breaker market is segmented into

• Hand Handled
• Machine Mounted

Polyurethane is a polymer composed of units of organic chains, formed by the reaction of isocyanate and a polyol. Polyurethane is sticky in nature and used as an adhesive due to its property of sealant and high -quality bedding materials. 

The polyurethane adhesive is considered as strongest adhesive and sealant due to its moisture curing and multiple component system with different elongation under loads and thermal coefficient of expansion. The polyurethane adhesives can be customized as per the requirement of the industry. 

The increasing demand of the polyurethane adhesive for market specific applications such as sealing, roofing, tiling, aerospace laminating, flexible packaging and automotive production lead to the significant growth of the global polyurethane adhesive market over the forecast period.  

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Polyurethane Adhesives Market – Drivers and Restraints 

The global polyurethane adhesive market is anticipated to grow at a significant CAGR over the forecast period. The demand of polyurethane adhesive is increasing due to its use in building and construction as the adhesives bond many types of substrates such as glass, plastic, wood, concrete etc. 

Moreover, the customization and availability of polyurethane adhesive in the multiple component system along with the optical clarity, durability, elongation, high/low temperature serviceability, electric insulation and rapid fixturing leads to its  use in various industries such as automotive, footwear, packaging, electrical and furniture, resulting in the growth of the global polyurethane adhesive market. 

However, the price of the polyurethane adhesive as compared to other adhesives is the major concern which may restrain the growth of the global polyurethane adhesive market. 

Polyurethane Adhesives Market – Region Wise Outlook 

The global polyurethane adhesive market is segmented into the seven regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). 

The North America region has accounted to the leading market share in the global polyurethane adhesive market due to major applications of the polyurethane adhesive in the industries such as building and construction, automotive and transportation. 

Western Europe has also contributed a significant market share in the global polyurethane adhesive market. APEJ region is expected to register the significant growth in the global polyurethane market during the forecast period  due to increasing demand of polyurethane adhesives from various industries such as construction, automotive and furniture. 

Japan and Eastern Europe also contribute a  descent growth to the global polyurethane adhesive market. The MEA and Latin America are expected to anticipate the descent growth to the global polyurethane adhesive market during the forecast period. Overall, the global polyurethane adhesive market is expected to register a significant growth rate over the forecast period 2016 to 2026. 

Polyurethane Adhesives Market – Key Players 

The some of the key players of the global polyurethane adhesive market are as follows: 

• The Dow Chemical Company 
• Arkema S.A. 
• B. Fuller 
• Scott Bader Company Ltd. 
• 3M 
• Huntsman Corporation 
• Ashland Inc. 
• Henkel AG & Co. KGaA 
• Sika AG 
• SOMAR  

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 geography, technology and applications. 

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Polyurethane Adhesives Market – Segmentation 

The global polyurethane adhesive market is segmented on the basis of technology, type and application. 

On the basis of Type, the global polyurethane adhesive market is segmented into: 

• Thermoset polyurethane adhesives 
• Thermoplastic polyurethane adhesives 

On the basis of Technology, the global polyurethane adhesive market is segmented into: 

• Reactive 
• Solvent-borne 
• Dispersion 
• Hot-melt 
• Others 

On the basis of Application, the global polyurethane adhesive market is segmented into: 

• Automotive & transportation 
• Furniture & woodwork 
• Building & construction 
• Electrical & electronics 
• Footwear 
• Packaging 
• Others 

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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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Staying agile in a restless, dynamic market has grown more crucial than ever for the equipment & machinery manufacturers, with changes in technology necessitating existing production lines to adopt speedy turnaround times. As the dependency of modern manufacturing on flexible production systems increases, the adoption of advanced conveyor systems and modular belt drives is gaining robust momentum abreast surging pressure in the material handling environment.Modular belt drives are becoming a common sight in myriad production environments, complemented by their multifunctional attributes and relative durability. The requirement of end-users for scalability in production lines has led the introduction of versatile modular belt drives that enable diffusion of static electricity build-up, improvement in heat resistance, prevention of freezing, and convenience in friction management.

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Modular Belt Drive Market – Notable Developments

Key players operating in the modular belt drive market include Dunlop Btl Ltd., Abb Automation Products GmbH, Bode Belting GmbH, Habasit AG (Habasit Group), Scan Belt A/S, Central Conveyor Limited, and Martin Sprocket & Gear, Inc. Companies in the modular belt drive market are focusing on the provision of solutions such as in-line accumulation and systems integration.

• WorkSmart has recently introduced two modular belt drives, namely, the Friction Flow and the Flexi Flow, which can be mounted between the workstations and transport line track sections. These belt drive complement flexibility in in paced line and return track operations. A fractional horsepower of 90 v DC or 120v AC reduction gear motor supplies the motive power to these modular belt drives of WorkSmart.
• Heat and Control introduced its new modular belt drive system SwitchBack^TM that enables in-line accumulation of poultry, frozen meat, delicate snacks, and various other food products. This modular belt drive deprives the need for preventative maintenance, reduces product breakage, and saves floor space. This modular belt drive also prevents build-up of product coatings and seasonings and eliminates the mid-shift cleaning downtime.

Modular Belt Drive Market – Dynamics

Growing Popularity as a Strategic Tool to Favor Gains

Achieving scalable and versatile configurations in the production flow has been facilitated by modular belt drive deployments, meanwhile reducing the downtime linked with adjustments, reconfigurations and repairs that affect the bottom line. Modular belt drives continue to gain popularity as strategic tools in production environments, with their potential to enhance the process flow in most of the heavy- as well as light-duty applications.

Modular belt drive manufacturers have been gradually making smaller changes in accessories and configurations, for a holistic probe into the hidden value of modular belt drive in optimising cost-savings and productivity. The flexibility of truly modular belt drives in terms of portability has significantly complemented their adoption in recent years. As the emphasis on maximum uptime continue to spiral up in production and processing facilities, development of low-maintenance modular belt drives that promote indexing, reversing and cutting power is one of the key strategies among players in the modular belt drive market.

Introduction of Intelligent Systems to Complement Demand

Modern designs of modular belt drives feature intelligent control systems that keep track of the belt-side load even as monitoring the operational status. Such advances in modular belt drives, such as the integration of smart systems that facilitate optimisation of operational procedures via dynamic simulations are expected to favor growth of the modular belt drive market. Key players in the modular belt drive market have also introduced automated modular belt drives that apply motion control for delivering programmable positioning, even at low resolutions.

Demand for more compact, efficient and economical positioning methods of the modular belt drive has gained a robust emphasis in the production and processing industries, given the concerns of time and floor space. Virtual prototyping of the modular belt drives is fast becoming a reality, with growing number of the dynamic simulation packages introduced by key vendors in the modular belt drive market. OEMs can now select from a range of automated modular belt drive

Customisation, Shorter Turnarounds & Competitive Pricing – Key Stakeholder Strategies

Modular belt drives continue to witness adoption as the building blocks to cater needs of changing product flows, in turn complementing lean manufacturing – a key winning imperative for companies operating in the modular belt drive market. Development of modular belt drive, which enables changing shape, is composed of interlocking units, and is self-contained to be configured for meeting alterations in production flow, is one of the primary focus areas of the manufacturers.

Companies in the modular belt drive market are focusing on the supply side dynamics in the value chain through shorter turnarounds and competitive pricing. Key companies are developing modular belt drives to provide for high-performance requirements, such as in washing or dewatering processes. Varying perceptions of unique flexibility among the modular belt drive manufacturers has meant that the development of modular belt drives that precisely fit end-use requirements is made highly convenient. This has further deprived the requirement for new conveyor systems for every change at the application-end, improving uptime and saving costs for end-users.

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

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Modular Belt Drive Market – Segmentation

The modular belt drive market segmented on the basis of belt drives, position of the drive, modular belts, size, design, material, end-use industries, and region.

The modular belt drive market is segmented on the basis of belt drives into

• Light drives
• Medium drives
• Large drives

The modular belt drive market is segmented on the basis of position into

• Front end
• Center
• Rare end
• Below
• Side

The modular belt drive market is segmented on the basis of modular belt types into

• Straight belt
• Radius
• Spiral

The modular belt drive market is segmented on the basis of size into

• Nominal pitch
• Micro pitch

The modular belt drive market is segmented on the basis of design into

• Closed hinge design
• Open hinge design
• Dynamic open hinge design

The modular belt drive market is segmented on the basis of material into

• Polypropylene
• Polyethylene
• Poly-oxy-methylene (Acetal)
• Polyamide (nylon)

The modular belt drive market is segmented on the basis of end-use industries into

• Food processing
• Beverages
• Can making
• Automobile/tire manufacturing
• Packaging

Report Highlights:

• A detailed overview of parent market
• Changing modular belt drive market dynamics in the industry
• In-depth modular belt drive market segmentation
• Historical, current, and projected modular belt drive market size regarding volume and value
• Recent industry trends and developments in modular belt drive market
• Competitive landscape of the modular belt drive market
• Strategies for key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on modular belt drive market performance
• Must-have information for modular belt drive market players to sustain and enhance their market footprint

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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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Hydrophilic coatings are wettable and low friction coating applied to the medical devices such as guide wires, catheters and cannulas. It reduces the occurrences of inflammation and damage caused by the medical devices, when they are used on a patient. 

These coatings exhibit water attracting characteristics. Hydrophilic coatings reacts on water and produces hydrogel material, which are lubricious and wettable and suitable for biological interactions. They are also used in optical devices such as camera windows, outdoor surveillance, outdoor displays etc. 

Hydrophilic coatings are used in automotive parts such as body for glazing and rear-view mirrors as an anti-fog agent. In October 2016, Surmodics, Inc. launched new series of hydrophilic coatings named Serene coatings. They can be used on different substrates of medical devices used in clinical areas such as peripheral, coronary, neurovascular etc. 

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Hydrophilic Coating Market: Drivers and Restraints 

The conventional lubricative coatings such as silicone oils and glycerine, which are used instead of hydrophilic coatings have many disadvantages, which is the major driver for the growth of global hydrophilic coating market. 

These coatings get separated from the medical equipment, when being used and reduces the lubrication causing discomfort and high injury risk. Hydrophilic coatings are used wide range of applications ranging from automotive, medical devices, optical devices etc., which is expected to drive the consumption of this type of coatings. 

Automotive manufacturers are continuously striving to enhance the safety and performance of the vehicle. Hydrophilic coating has significant role in improving the safety precautions and overall look of the vehicle, which is anticipated to boost the growth of global hydrophilic coating market.   

Hydrophilic Coating Market: Region Wise Outlook 

The global hydrophilic coating market can be divided into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). 

North America and Western Europe account for significant share in global hydrophilic coatings market. This is attributed to the mature automotive and healthcare industry in these regions. Western Europe and North America account for more than half of the total share in global coatings market, which is anticipated to boost the growth of hydrophilic coatings market in these regions. 

APEJ is expected to register high CAGR over the forecast period. The rise in investments in healthcare industry is expected to propel the growth of hydrophilic coatings market in the region. Emerging clusters such as China and India exhibit rapid growth in automotive industry, which is anticipated to increase consumption of hydrophilic coatings. 

Japan accounted for major share in innovative medical devices industry and is considered as an electronics hub. The automotive sector is also growing at a fast pace and hence the hydrophilic coatings market is projected to register significant CAGR during the forecast period. 

Hydrophilic Coating Market: Key Players 

Some of the key players in the global hydrophilic coating market are as follows: 

• Aculon, Inc. 
• Koninklijke DSM N.V. 
• Surface Solutions Group, LLC 
• Surmodics, Inc. 
• Teleflex Incorporated 
• Harland Medical Systems 
• BioInteractions Ltd 
• Pangolin Medical 
• Henniker Plasma 
• DONTECH, INC.            
• Henkel AG & Co. KGaA 

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 geography, technology and applications. 

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Hydrophilic Coating Market: Segmentation 

On the basis of application, the global hydrophilic coating market can be segmented as follows:- 

• Medical Equipment 
• Optical Devices 
• Automotive 

On the basis of substrate, the global hydrophilic coating market can be segmented as follows:- 

• Metals 

• Stainless Steel 
• Nickel 
• Platinum 
• Zinc 
• Others (Titanium, Aluminium) 

• Glass/ Ceramics 
• Borosilicate Glass 
• Porcelain 
• Polymers 

About Us

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.

Contact Us

Unit No: 1602-006
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Gas Insulated Switchgears (GIS) Market Overview

Electricity is a green source of power, which has gained significant importance in the modern life. Most of the home appliances, industrial machineries, trains and many other systems rely on electrical supply. Certainly, electricity is a boon to the modern life, however, it can turn into a threat if not handled properly. In a distribution system, all possible measures have to be taken in order to ensure minimum power loss and maximum safety.

For this, Gas Insulated Switchgears (GIS) market are used for switching and protecting devices such as switches, fuses, circuit breakers and relays. The main purpose of switchgears is to ensure safety of the distribution system by disconnecting in case of any short-circuit.

The switchgears are mainly of two types- oil filled and air/gas insulated. The oil filled switchgear systems are very rarely used as compared to the air or gas insulated switchgear. The gas insulated switchgears are generally composed of sulphur hexafluoride (SF6) gas filled circuit breakers. The gas insulated switchgears are highly effective as compared to other types of circuit breakers as it contain sulphur hexafluoride (SF6) gas, which is highly electronegative and has a strong tendency to absorb free electrons.

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The gas insulated switchgears are mostly used in high or ultra-high voltage transmission lines. In gas insulated medium voltage switchgear, vacuum technology is used for circuit breaking while sulphur hexafluoride (SF6) gas is used for insulation. As vacuum technology is limited to low voltage applications, for applications above 72.5 KV, only SF6 is used both for interruption medium and insulation in the GIS or gas insulated switchgear system.

Unlike other circuit breakers, the gas insulated switchgear should be able to perform switching and circuit breaking very efficiently by cooling electric arc in fraction of a second.

Gas Insulated Switchgears (GIS) Market: Dynamics

The switchgear has become the backbone of electric transmission lines spread across the country and in cross border distribution. Over the last decade, a significant surge in electric power consumption has been observed and is estimated to grow further owing to numerous electrification projects in several developing countries. Also, growing power consumption rate or per capita power consumption across the developed countries is also a major driver for the growth of global gas insulated switchgears market.

Moreover, increasing adoption of electricity based gadgets, equipment, appliances, vehicles and others is projected to increase the power demand and dense electricity distribution network. Furthermore, several countries are engaged in cross border power transmission to their neighbouring countries, which involve a thousand miles of transmission lines and hundreds of distribution stations and sub-stations

Technological advancements in both power generation as well as distribution systems are estimated to be the main drivers of the gas insulated switchgears market.

Owing to the increasing demand for gas insulated switchgears, various key manufacturers are engaged in developing more advanced and sophisticated gas insulated switchgears. The manufacturers are striving to increase the reliability and efficiency of the gas insulated switchgears by employing automation and high quality materials.

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Gas Insulated Switchgears (GIS) Market: Segmentation

The gas insulated switchgears are widely used at various locations throughout the transmission system. Also, they are used in separated power grids and electricity house for various manufacturing and oil and gas industries, refineries, etc. The global gas insulated switchgears market can be segmented on the basis of operating voltage range and on the basis of end-use industry.

On the basis of operating voltage, global gas insulated switchgears market is segmented as medium voltage (< 220 kV), high voltage (220 kV – 550 kV) and ultra-high voltage (> 550 kV). While on the basis of end-users, the market is segmented into, power generation grids, distribution substations, railway & urban transportation, industrial grids and others.

Gas Insulated Switchgears (GIS) Market: Region-Wise Outlook

Asia Pacific holds significant position in the global gas insulated switchgears market and is expected to remain dominant over the next decade. North America and Western Europe are the other major segments, which are estimated to create substantial demand through respective power upgradation projects.

In APAC, China is estimated to be a noteworthy country that holds significant share in the market. Also, other developing countries of Asia and Africa are estimated to grow at high rates due to the rising electrification in the countries.

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Gas Insulated Switchgears (GIS) Market: Market Participants

The Gas Insulated Switchgears (GIS) market is dominated by major electrical technology giants catering their advanced technology products in the global market. Examples of some of the players in the market are ABB Group, Siemens AG, Hyosung Corporation, CG Power and Industrial Solutions Limited (Avantha Group), Fuji Electric Co. Ltd., Hitachi Ltd., Tenaga Switchgear Sdn. Bhd., Mitsubishi Electric Corporation, Schneider Electric Se and Toshiba Corporation, 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 market segments such as geographies, application, and industry.

The report covers exhaustive 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 and Rest of Latin America)
• Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg and Rest of Western Europe)
• Eastern Europe (Poland, Russia and Rest of Eastern Europe)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC, S. Africa, and Rest of MEA)

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.

Adhesive is the substance applied on to different surfaces to bind them together. Use of adhesives has eliminated the demand for welded parts, rivets, and other mechanical parts in many equipment. The incorporation of polyurethane adhesives helps to reduce the overall manufacturing cost. 

Manufacturers have been using polyurethane adhesives due to superior product performance, improved product life, and reliability. Polyurethane adhesives are used in multiple industries such as construction, electronics, footwear, furniture, automotive, packaging, and so on. 

Nowadays, vehicles contain more of plastic parts over mechanical fasteners. Use of polyurethane adhesive makes vehicle parts light in weight and thus enhances the fuel efficiency. In automotive arena, the consumption of polyurethane based adhesives is significantly growing. 

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Polyurethane adhesives are well accepted in many end-use applications, since they provide excellent adhesion to different substrates and binds them immediately. Polyurethane based adhesives are preferred over other adhesives due to fast curing. 

The demand for polyurethane adhesives is driven by growth in automotive and building & construction industry. Thermoplastic polyurethane adhesives are widely used for different applications as it offers enhanced flexibility and improved adhesion. 

However, thermoplastic polyurethane based adhesives are costlier. Rising demand for housing and government spending on infrastructure in China and India boosts the demand for Polyurethane adhesives. Industrial development and growing demand of customers for packaging, automotive, and electronics in terms of adhesives is expected to drive polyurethane adhesives market over the forecast period of 2016-2026. 

Polyurethane Adhesives Market: Market Dynamics 

Demand for polyurethane adhesives from end-use industries such as footwear, automotive, building & construction, packaging, and electronics has significantly increased over the past few years. The key driver of polyurethane adhesives market is the rapidly growing construction and renovation activities. 

There is significant growth in the building & construction industry of India, China, and Brazil, which results in propelling the demand for polyurethane adhesives. Increasing government expenditure on construction and growing economy are anticipated to boost the demand for Polyurethane adhesive market over the next few years in these countries. 

Growth of automotive industry due to rise in production of passenger and commercial vehicles with increasing demand for light weight components has impelled the demand for polyurethane adhesives. In Asia-Pacific region, significant automotive growth is observed in the past few years due to economic growth and rise in disposable income. 

The demand for automotive is likely to continue in next few decades in this region and thus drive the demand for polyurethane adhesives over the forecast period. 

Rising income, change in life style, consumer preference, and improving standard of living fuels the demand for electronics appliances, which in turn boosts the demand for polyurethane adhesives market. Asia-Pacific is the rapidly growing region for automotive and electronics segments of the polyurethane adhesives market. 

Growth in other end-use industries such as footwear, furniture, and packaging is supporting the demand for polyurethane adhesives across the world. The product development and innovation will be the keys to increase the customer base and market share of polyurethane adhesives market. New products with superior solutions and eco-friendly features are the major demand drivers of polyurethane adhesive market. 

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Polyurethane Adhesives Market: Market Participants   

Examples of some of the market participants in the Global Polyurethane Adhesives Market identified across the value chain include, 3M, BASF, ADCO Global Inc., Avery Dennison Corp, Arkema S.A., Ashland Inc., H.B. Fuller, Henkel AG & Co, Huntsman Corporation, Illinois Tool Works Inc., Pidilite Industries, American Biltrite Inc., Adhesives Research Inc., Chemence, Ellsworth, RPM International Inc., Beardow & Adams (Adhesives) Ltd., Scott Bader Company Ltd., Ninghai Dingcheng Adhesive Co Ltd., Sika AG, and Dow Chemical Company 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 market segments such as geographies, application, and industry. 

Polyurethane Adhesives Market: Market Segmentation 

On the basis of technology, Global Polyurethane Adhesives Marketcan be segmented as: 

• Solvent-borne 
• Dispersion 
• Hot-melt 
• Reactive 
• Others 

On the basis of product type, Global Polyurethane Adhesives Market can be segmented into: 

• Thermoset 
• Thermoplastic 

On the basis of applications, Global Polyurethane AdhesivesMarket can be segmented as: 

• Footwear 
• Automotive 
• Building & Construction 
• Packaging 
• Electrical & Electronics 
• Furniture 
• Others 

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