Countertop Spray Market to Grow at Robust CAGR by 2028

Rising awareness about household cleaning has led consumers to spend more in cleaning products. Expanding middle class has further increased consumer expenditure on discretionary products. Countertop spray is one of these products whose sales have witnessed a steady rise in the past decade against the backdrop of a growing emphasis on maintaining cleanliness and hygiene in the cooking area to prevent the onset of diseases.

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With the dissemination of knowledge regarding the harmful effects of chemicals used in the household cleaning products, consumers are increasingly seeking eco-friendly ingredients in different household cleaners. Manufacturers in the countertop spray market have introduced plant-based cleaners with an equivalent efficiency of chemical-filled spray. The new green products in the countertop spray market are also offered in highly concentrated formulations which fit well in consumers’ bulk purchase at affordable costs.

Currently, the household cleaning products market is witnessing the introduction of ‘all-purpose’ or ‘multi-surface’ countertop spray offerings that work on multiple household as well as commercial countertops. However, revenues in the countertop spray market are being challenged by an increasing do-it-yourself trend that encourages the use of baking soda, vinegar, borax and other homemade formulations over commercial household cleaning products such as countertop sprays.

Countertop Spray Market Outlook

Household cleaning products play an essential role in day-to-day activities for maintaining hygiene and cleanliness environment. When it comes to cleanliness, it is no longer an out-of-reach activity for households. Cleaning products are now a need, more often than a want. However, elimination of bacteria, germs, and grime from home is a simple way of minimizing illness. Every household cleaner now is demanding for the optimal combination of green ingredients such as natural surfactants in the cleaning products.

Countertop spray is one of the cleaning products that are consumed in homes as well as professional end-user industries to clean and shine countertop surfaces effectively. Moreover, expanding consumer demand for more environment-friendly countertop spray, chemical suppliers in the countertop spray market are stepping up their focus towards offering greener ingredients with the same effectiveness of conventional ones. Increasingly, countertop spray manufacturers are developing consumer cleaning products that contain naturally drive ingredients and eliminating the use of environmentally harmful artificial chemicals as well as produce less carbon dioxide during manufacturing and use of countertop spray.

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Reasons for Covering Countertop Spray Market Title

Consumers are demanding for plant-derived ingredients and essential oils in countertop spray, growing popularity of premium products, and consumers are seeking for cleaning products that are convenient, complete the cleaning task quickly with high-quality standards are the factors influencing the growth of the countertop spray market in the near future. Additionally, the rise in demand for eco-friendly products contains no ammonia, chlorine or lauramide DEA along with companies are coming up with new product formulations as well as subsequent product launch to have a competitive edge are some other factors fueling the growth of the countertop spray market during the forecast period.

Global Countertop Spray Market: Key Players

Some of the key players operating in the global Countertop Spray market are Gold Eagle Co., Werner & Mertz Company, Reckitt Benckiser Group PLC, Puracy, S. C. Johnson & Son, Inc., Hope’s company, Caldrea Inc., The Clorox Company, Mrs. Meyer’s Clean Day, and others.

Consumers are focusing on hygiene and cleanliness environment for being healthy, thus demanding for multipurpose household cleaning products. Manufacturers are also using special vegetable protein extract in countertop spray products to get rid of kitchen messes and bathroom odors and support natural or clean label trend attributed to the growth of the global countertop spray market during the forecast period.

Moreover, companies in countertop spray market are focusing on adopting novel technology as well as enhance research & development activities as a source of market growth and will try newer and bolder marketing strategies to expand market footprints along with customer base is expected to grow the countertop spray market during the forecast period.

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Opportunities for Global Countertop Spray Market Participants

Nowadays, consumers are more inclining to search for a company product online before ordering products. Thus, companies in the countertop spray market need to take advantage of this opportunity by engaging with their customers online and rapidly respond to them for the positive and negative reviews that help in retaining customers.

Consumers are demanding for cleaning products with unique fragrances to eliminate messy odor as well as support expanding clean label products trend as consumers are getting awareness about the harmful effects associated with chemical-based products are the factors due to which countertop spray market revenue is expected to grow at a rapid growth rate, over the forecast period. Moreover, various countertop spray marketers are aligning digital technology in creative and effective ways to optimize customer engagement as well as influence the consumers to purchase products coupled with expanding brand loyalty through retaining customers are the primary factor accelerating the growth of the countertop spray market.

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, Argentina, Chile, Peru)
  • Western Europe (Germany, Italy, France, U.K., Spain, BENELUX, Nordic, Eastern Europe)
  • CIS and Russia
  • Asia-Pacific (China, India, ASEAN, South Korea)
  • Japan
  • Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

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 Countertop Spray: Market Segmentation

On the basis of the price range, the global countertop spray market has been segmented as –

  • High
  • Medium
  • Low

On the basis of sales channel, the global countertop spray market has been segmented as –

  • Store-Based Retailing
  • Hypermarkets/Supermarkets
  • Discount Stores
  • Convenience Stores
  • Specialty Stores
  • Others
  • Online Retailer
  • Company Websites
  • 3rd Party Websites

Report Highlights:

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

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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Eye Shadow Market 2021 | Current and Future Demand, Analysis, Growth and Forecast By 2031

According to a recent report by Future Market Insights (FMI), the global eyeshadow market is expected to surpass a valuation of US$ 2.7 Bn in 2021. Sales of eyeshadows are expected to surge as the healthy CAGR of over 6.8% through 2031.

With growing preference for natural and organic in household supplies, preference for natural and organic in the beauty industry has also rapidly increased. Beauty enthusiasts are increasingly adopting natural products as the focus on maintaining good and healthy skin is surging.

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This trend has transformed beauty enthusiasts, which is directly impacting the sales of cosmetic products such as eyeshadows. With changing perception regarding natural beauty products among consumer, key players are focusing on product development and innovation which facilitate the custom needs and requirement of informed beauty enthusiast and beauty bloggers.

Informed beauty enthusiasts often opt for color cosmetics such as eyeshadows that are safe and provide a natural experience. Hence, rising prevalence of natural and organic products has fueled growth in the eyeshadow market.

On the back of growing trend for natural and organic products, ‘plant-based’ has become a new buzz word in the market. Numerous key players are offering color cosmetics such as eyeshadows made from plant-based ingredients to voice out their products to potential and informed consumers.

eyeshadow market characteristics and attributes with regional relevance 2021

For instance, MAC Cosmetics, Foraged Fields, W3LL People are few of the brands that are introducing ‘plant-based’ beauty products to promote their eyeshadow offerings. Subsequently, these players are also using numerous claims and connotations to further highlight the benefits of their eyeshadow offerings.

Few of the prominently used claims include clean, paraben-free, phthalate-free, sulfate-free, cruelty-free, gluten-free, mica-free, non-toxic, titanium-dioxide free, oxides-free, and non-GMO, among others. Such promotional strategies is grabbing the attention of millennials and beauty enthusiasts in the market.

Key Takeaways from the Eyeshadow Market Study

  • In terms of product form, powder form holds a notable share of 44.7% through 2031 owing to the increasing adoption for personal as well as professional use.
  • While professional application is dominating the market with largest market share, personal application segment will exhibit highest growth at 7.9% CAGR through 2021 & beyond.
  • Online retail sales channel is expected to register a CAGR of 8.7% during the forecast period owing to the growing digital transition.
  • The U.S. is expected to be the most lucrative market in North America reflecting growth at a CAGR of 2.3% through 2031.
  • The U.K. will emerge as a leading market across Europe, registering growth at 5.1% CAGR during the forecast period

Beauty brands are currently stressing more on leveraging advanced technology to facilitate safer cosmetic product trials. Adoption of virtual reality to motivate online shopping also is expected to create remunerative prospects for the market during the forecast period. Use of such technology in beauty industry has largely facilitated in personalizing online consumer experience and also alleviate the problems associated with in-person trials.”says an FMI analyst.

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Who is Winning?

Leading manufacturers of eyeshadow are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of eyeshadow globally.

Major players present in the eyeshadow market are L’Oreal SA, LVMH (Moët Hennessy -Louis Vuitton), Estee Lauder Companies Inc., Revlon Inc., Shiseido Co. Ltd., Chanel SA, Coty, Inc., Amway Corporation, Aveda Corporation, Kao Corporation, Oriflame Holdings AG, Clarins Group, Korres SA, Arbonne International, LLC. And Others.

Global Eyeshadow Market by Category

By Product Form:

  • Powder Form
  • Liquid Form
  • Pencil Form
  • Others

By Application:

  • Personal Application
  • Professional Application

By Price Range:

  • Mass (Below US$25)
  • Premium (Above US$25)

By Sales Channel:

  • Hypermarkets/Supermarkets
  • Specialty Stores
  • Multi-Brand Stores
  • Online Retailers
  • Independent Departmental Stores
  • Other Sales Channel

By Region:

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

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Key Questions Answered in the Report

What is the current eyeshadow market value?

What are the key statistics of the South Korea and Japan eyeshadow market?

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Mercury Market Growth, Latest Trends, Top Players, Competition, Technological Advancements, Outlook and Forecast 2027

Mercury, also known as quicksilver, is the only commonly available liquid metal at room temperature. Mercury is silver white and heavy metal with poor heat conductivity and fair electric conductivity. Mercury is extracted from various mineral sources present in the earth’s crust; cinnabar is the widely used source of mercury. Cinnabar is a red color rock containing mercury sulfide, mercury is extracted from cinnabar rock by heating and converting the mercury to vapors and then condensing the vapors to form mercury. Recycled mercury is among the other major sources of mercury.

Mercury’s rate of thermal expansion is constant at a wide range of temperature; therefore, mercury is widely used in thermometers. Owing to its high density, mercury is also used in manometers and barometers. Major salts of mercury include mercuric chloride, mercury fulminate and mercuric sulfide among others. The salts of mercury are used in the production of rat poison, disinfectants, insecticides, etc. Amalgams are alloys of mercury with other metals such as silver, gold, etc. are used for dental fillings. Major end user industries for mercury include healthcare, pharmaceuticals, electronics and in the production of several chemical and metals.

Mercury is used for several consumer products such as barometers, thermometers and electric equipment among others. In these products, mercury is generally trapped in a casing and exposure to mercury can lead to several health hazards including kidney damage, nerve damage and skin irritation among others. Excess release of mercury in the environment poses severe environmental threats. Mercury is used as a catalyst in the production of chlorine. Chlor-alkali production is among major end user segment for mercury. However, chlor-alkali production is among major sources of mercury release in the environment and there have been significant developments in mercury free technology for chlor-alkali production. Owing to which, use of mercury in chlor-alkali production has been reduced across the globe leading to excessive supply of mercury and a decline in the price.

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Health care and pharmaceutical are the most dominant end user segment for mercury and the trend is anticipated to continue during the forecast period. High growth in pharmaceutical and health care industry across the globe is among major factors driving demand for mercury. Moreover increasing demand for mercury for production electric equipments such as switches is also anticipated to be among major growth drivers for the market. The environmental and health hazards associated with mercury have been restraining mercury market growth. Increasing research and development to increase application scope of mercury is expected to offer huge growth opportunity in the market.

Asia Pacific dominates the global mercury market and the trend is anticipated to continue for a foreseeable future. Increasing industrial investment and high growth in several end user segments in the emerging economies of India and China is among major factors driving demand for mercury in Asia Pacific. There has been increase in intervention from regulatory bodies, and growth in stringent regulations to regulate the use of mercury, mainly in North America and Europe. Owing to which, demand for mercury is anticipated to grow at a sluggish rate in North America and Europe.

Some manufacturers in the mercury market include Bethlehem Apparatus Co., Inc, Acton Technologies, Inc., D.F. Goldsmith Chemical & Metal Corp and NOAH Technologies Corporation among several 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 exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

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

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

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Mercury Market

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance

Connected Diagnostics Market Insights and Forecast by 2028

Future Market Insights (FMI) has published a new market research report on social employee recognition systems. The report has been titled, Global Connected Diagnostics Market: Global Industry Analysis,Forecast. Long-term contracts with large enterprises and private companies are likely to aid the expansion of business revenues, and innovation in the industry will enable social employee recognition system vendors to reach out to new potential customers in emerging markets. These factors are expected to help the global market for social employee recognition systems observe stellar growth in next few years.

The team of researchers at Future Market Insights are focussing on research and market study to produce different Connected Diagnostics Market forecasts and predictions at both national and international levels. They have considered several leads of information pertaining to the industry like market figures and merger estimations to assess and produce reliable and informative insights on the Connected Diagnostics Market.

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Key Players

Global Connected Diagnostics Market key vendors include :

  • Abbott
  • Danaher
  • Becton
  • Dickinson and Company
  • Johnson & Johnson
  • Roche Diagnostics
  • Siemens
  • Sysmex Corporation

Segmentation

The connected diagnostics market can be segmented into deployment, component, application, and regions.

Segmentation of the connected diagnostics market on the basis of deployment:

  • On-premises
  • Cloud

Segmentation of the connected diagnostics market on the basis of component:

  • Hardware
  • Software
  • Services

Segmentation of the connected diagnostics market on the basis of application:

  • CROs
  • Clinics
  • Hospitals
  • Others

Regional Segments Analyzed Include

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

 Full in-depth analysis of the parent market

The analysts at FMI are dedicated to provide insights after extensive research and study. The study also includes estimations, projections and evaluation of the market dynamics.

Important changes in market dynamics

The report has been created after detailed and exhaustive studies by the analysts at FMI taking several factors into consideration like monetary, ecological, social, mechanical, and political status of a particular demography. They study the key data to assess the revenue and production of manufacturers across various regions. The report also covers an in-depth analysis of the key changes in market dynamics in the recent past and the near future.

Queries Solved

  • What is the size of the overall Connected Diagnostics Market in the Technology Industry and its segments?
  • What are the key segments and sub-segments in the market?
  • What are the key drivers, restraints, opportunities, and challenges of the Connected Diagnostics Market in the Technology Industry, and how they are expected to impact the market?
  • What are the attractive investment opportunities within the Connected Diagnostics Market in the Technology Industry?
  • What is the Connected Diagnostics Market in the Technology Industry size at the regional and country-level?
  • What are the key market players focusing on?
  • What are the strategies for growth adopted by the key players in Connected Diagnostics Market in the Technology Industry?
  • What are the recent trends in Connected Diagnostics Market in the Technology Industry? (M&A, partnerships, new product developments, expansions)?
  • What are the challenges to the Connected Diagnostics Market in the growth of the Technology Industry?
  • What are the key market trends impacting the growth of the Connected Diagnostics Market in the Technology Industry?

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  • We provide authentic and detailed analysis on various market trends to enable businesses to make informed and beneficial decisions to attain competitive edge over key players.
  • Our analysts provide detailed market segmentation along with meaningful insights and extensive reports that other companies fail to include.
  • The report includes accurate analysis of the market and the current developing trends affecting the growth. FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts.This ensures that the data collected is from highly reliable sources.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Betulinic Acid Market by 2027 With Technological Advancements, Segmentation, Growth Of Industry, Overview and Dynamics with Affecting Factors

Betulinic acid is a natural product with a range of biological effects. In addition, betulinic acid is found in the bark of several species of plants such as white birch, rosemary and ber tree among others. It is found from the bark of white tree in the form of betuline. Betulinic acid is a new perspective to overcome some forms of drug resistance.

The major drivers for this market are increasing various types of disease such as cancer and aids among others among population, increasing demand of betulinic acid in pharmaceuticals and cosmetics product. In addition, the health benefit of betulinic acid is in colorectal cancer, anti inflammatory effects, anti cancer, ovarian cancer, anti-fibrotic effects and antifungal metabolites among others. Betulinic acid has an effect on Cytokine production in human blood cell culture.

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The medical uses of betulinic acid in the pharmaceutical industry is limited due to its poor solubility in blood and water serum, which poses a challenge in the preparation of injectable formulations for biological assays and reduces its bioavailability in the organism which act as restraint for the betulinic market globally.

Betulinic acid market is segmented by application which includes pharmaceuticals, perfumes, food supplements, cosmetics and agrochemical products. There is a high demand for betulinic acid as pharmaceutical ingredient in molecular lead compound for drug development, cosmetics, and pharmaceutical products among others.

Betulinic acid market is segmented by raw material which includes z-VAD-FMK (a highly specific and irreversible inhibitor of caspases-1, -3, -4, and -7), SB203580 (a highly specific and potent inhibitor of p38 MAPK), SP600125 (a selective and potent inhibitor of JNK) and Indofine Chemicals. Betulinic acid is being used in anti cancer, anti inflammatory effects and colorectal cancer among others.

The global betulinic acid market is expected to see robust growth in the near future. Several leading companies are taking decision to launch new products and establishing the partnerships between buyers and manufacturers are expected to remain the success factors for betulinic acid market in the forecast period. The largest market share in terms of revenue is Asia Pacific followed by Europe.

Asia-Pacific is the most attractive region for betulinic acid market. Asia Pacific is expected to witness high growth in the forecast period in terms of revenue owing increasing various types of cancer among population in China and Singapore among others. The significant increase in application of betulinic acid in medical applications and drug analysis in Asia-pacific region is driving the market for betulinic acid. In addition, increasing various types of cancer is driving the betulinic acid market in the region. Moreover increases in use of betulinic acid in pharmaceutical, biotechnological companies are the prime drivers of the market in Asia Pacific region. Europe market for betulinic acid is expected to grow at a steady pace over the forecast period. Europe is the second largest market for betulinic acid followed by North America and Rest of the World. The increasing demand for betulinic acid is attracting the global players to include betulinic acid in their product offerings. Leading industries are focusing on expansion of businesses across region and setting up new plants for increasing their production capacity.

Some of the key players operating in the Inulin market are Cayman Chemical, Derex Labs Pvt Ltd, Hunan World Well-Being Bio-Tech Co., Ltd., Shaanxi Green Bio-Engineering Co., Ltd. and Toronto Research ChemicalS Inc. 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 exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

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Regional analysis includes:

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

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

Betulinic Acid Market

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance

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Protease Market 2021 Expectations & Growth Trends Highlighted Until 2031

Protease, lipase, and phospholipids are examples of enzymes that are acknowledged as alternatives to traditional chemicals and give solutions to problems associated with synthetic chemicals. As per Future Market Insights (FMI), the protease market is projected to rise at 7.8% CAGR, reaching US$ 3.94  Bn through 2031.

As synthetic chemicals used in industrial operations are toxic and can cause environmental hazards. Enzymes generated from plants and microbes, such as sugars and protease, have no detrimental environmental impact because they work under mild settings.

As a result, textile, protein hydrolysis, bread, brewing, dairy, and animal nutrition industries are widely adopting protease which is generated from plants, animals, and microorganisms. To achieve higher yields and cleaner goods, the leather industry has moved to proteases and trypsin instead of lime and sulphides.

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As per FMI, amylase and protease are utilized to increase output in bakery and confectionary. Due to growing adoption of protease in bakery, the market is expected to register over 13.9% of sales during the forecast period.

As enzymes can also be utilized to boost the nutritional content of food and feed. Enzymes also reduce water usage, chemical waste, and by-product generation, posing little dangers to individuals and the environment. As a result, they are thought to be cost-effective, safe, and environmentally benign.

Chemically produced products can cause threat to human life and have a negative impact on the environment. The majority of industrial manufacturing enterprises are switching to safer, naturally produced products in place of harmful chemical products.

protease market key regions and form mekko chart 2021

Key Takeaways from the Protease Market Study:

  • Based on product type, microbial protease emerge dominant, accounting for over 59.0 % total market share in 2021
  • Plant based protease segment will register robust growth at a CAGR of 7.2 % between 2021 to 2031.
  • In terms of end-use application, bakery and confectionary will account for maximum sales during the forecast period. In bakery and confectionary, breads sub-segment will dominate the segment, accounting for over 44.7% of market share.
  • The U.S. is expected to be the most lucrative market on the back of surging consumption of dietary supplements enriched with protein enzyme among millennials
  • Italy and Germany are expected to hold the largest market share across Europe, capturing over 18% and 16% market share, respectively.
  • India is anticipated to spearhead the growth of South Asia’s protease market, followed by Thailand

 Consumers’ demand for more natural products, free from chemical additives is increasing with time. Protease enzymes can be used as a replacement for bi-sulfite, a chemical compound additive. Rapid advances in technology have made new proteases available for the food and beverage industry. This is expected to help in growth of the protease market in the coming years” said a lead analyst at FMI.

Who is Winning?

Key players operating in the market are focusing on new product launches and innovation in protease to cater surging demand from sports nutrition and bakery & confectionary. Manufacturers are also collaborating with pharmaceutical as well as local vendors to expand their customer base.

Some of the leading companies offering protease are Novozymes A/S, Advanced Enzymes Technologies Limited, BASF SE, Royal DSM N.V., E.l. Du Pont de Nemours & Company, Rossari Biotech Limited, AB Enzymes GmbH, Lallemand Inc., Amano Enzymes Inc., Biocatalysts Limited, Creative Enzymes, Nagase & Co., Ltd., Chr Hansen Holding A/S, Jiangsu Boli Bioproducts Co. Ltd., Kemin Industries, Inc, and Others.

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Get Valuable Insights into Protease market 

Future Market Insights, in its new offering, provides an unbiased analysis of the protease market presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the protease market based on form (liquid and powder & granule), and by product type (animal, plant, and microbial), by end use application (dairy products, brewing, meat products and processing, bakery & confectionery, baby food/ infant food, oil & fat processing, starch and grain processing, fruits and vegetable processing, cheese making/ processing, egg products, beverages, dietary supplements, pharmaceutical products, personal care products, and animal nutrition) across seven major regions.

Protease Market by Category

By Form:

  • Liquid
  • Powder & Granule

By Product Type:

  • Animal
    • Trypsin
    • Renin
    • Pepsin
    • Others (chymotrypsin, thrombin, elastase, etc.)
  • Plant
    • Papain
    • Keratinases
    • Others (Ficin, Bromelain, etc.)
  • Microbial
    • Alkaline
    • Acid stable
    • Neutral
    • Others (Proteinase K, Peptidase, etc)

By End Use Application:

  • Dairy Products
  • Brewing
  • Meat Products and Processing
  • Bakery & Confectionery
  • Oil & Fat Processing
  • Starch and Grain Processing
  • Fruits and Vegetable Processing
  • Cheese Making/ Processing
  • Egg Products
  • Beverages
  • Dietary Supplements
  • Pharmaceutical Products
  • Personal Care Products
  • Animal Nutrition

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

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Key Questions Answered in the Report

What is the protease market demand outlook?

What is the outlook for protease sales in South Korea?

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eDiscovery solution Market Set for Rapid Growth by 2028

The evolution of advanced technologies such as IoT, artificial intelligence, cloud, and analytics are playing a crucial role in driving the growth of eDiscovery solution market. Today, organizations use various sources such as enterprise application, social networks, web-based searches, and cloud-based application to generate data. Therefore, in order to analyse large amount of data on a daily basis, organizations have started to use advanced technology for data management. The increase in the volume of electronic data has tempted various enterprises to focus on using advanced data management and data discovery solutions such as eDiscovery. Furthermore, the rising trend of cloud-based solutions is compelling various organizations to adopt data management and data discovery solutions in coming years.

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eDiscovery is the electronic aspect of identifying, collecting and producing electronically stored information. The availability of database management and enterprise content management software has compelled organization to depend on digital media and adopt office document solutions to provide better information and to create engaging content. Thus, the increase use of content management software is further creating the increasing the demand for dynamic document solution. Moreover, the emergence of digital age and technology transformations is generating potential growth opportunities for the eDiscovery market.

Global eDiscovery solution Market: Drivers and Challenges

Drivers

The increasing usage of various social media platforms, such as LinkedIn, Facebook, and twitter in enterprises is likely to spur the growth of the eDiscovery solution market. Moreover, the growth in electronic data volumes across the enterprises around the world, is creating an immediate need for eDiscovery solutions. Moreover, the increase in use of eDiscovery solutions in government and leading agencies for investigation process is further expected to fuel the growth of the market.

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Preview Analysis of

Apart from this, the robust growth in smartphone market and the growth of mobile devices and apps has directly resulted in a massive increase in the amount of data generated and due to this, the demand for eDiscovery solutions has increased rapidly. Moreover, the emergence of digital commerce and increased technological investments such as cloud is supporting the rapid adoption of eDiscovery solutions in various enterprises.

Challenges

Non favorable government policies and the high cost of eDiscovery solutions are some of the primary factors which are expected to limit the growth of eDiscovery market. Also, cross-border confidentiality issues and jurisdictional variances are some of the major challenges for the growth of eDiscovery solution market.  Apart from this, the shortage of skilled and expert individuals that are needed to control and identify electronically stored information is also one of the major factor which hampers the growth of the market.

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Global eDiscovery solution Market: Competition Landscape

Key Players

The prominent players in eDiscovery solution market are: FTI Technologies, kCura, IBM Corporation, Microsoft Corporation, Symantec Corporation, HPE, Epiq Systems, Inc., Exterro, Nuix, Ltd., Oracle, OpenText, ZyLAB Technologies, Xerox Corporation, AccessData, and Kroll, Inc.

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Banking-as-a-Service (BaaS) Platform Market 2021 Assessment and Key Insights Analyzed Till 2031

According to the banking-as-a-service (BaaS) platform industry analysis by Future Market Insights (FMI), the demand registered in the market will increase at a healthy CAGR of 15.7% from 2021-2031.

The report also forecasts that the market will surpass a valuation of ~US$ 2.8 Bn by the end of 2021. As per FMI, rapid technological advancements and presence of application programming interface (APIs) have created prospects for banking-as-a-service (BaaS) platforms. These technologies have become essential in improving economic competitiveness, thereby propelling the market growth.

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Over the past few years, BaaS has emerged as a new and innovative way for banks and third parties to collaborate in order to provide customers with digital-only banking products and services and enhanced customer experiences. BaaS has caused a shift in the way that banks and third parties work together and has huge advantages for both the incumbent players and those starting out in the financial services industry.

banking as a service platform market key countries and end user mekko chart 2021

Increased competition has led to increased innovation in the banking space which in turn has led to improved digital experiences for customers. Customers have greater choice than ever before when it comes to what financial products and services they use.

Key Takeaways: Banking-as-a-Service (BaaS) Platform Market

  • By solution, the banking as a service platform segment is anticipated to account for the leading share in the global demand for banking-as-a-service (BaaS) platform during the forecast period. However, the banking as a service APIs segment is estimated to grow at a robust CAGR of 17.1% through 2031.
  • By enterprise size, the integration of BaaS platform in small & mid-sized organizations is anticipated to increase at a CAGR of 16.6% between 2021 & 2031, while large organizations are currently dominating the market share.
  • The adoption of banking-as-a-service (BaaS) platform by fintech corporations is expected to rise at maximum pace. As per FMI, demand in this segment will increase by a CAGR of 18.2% between 2021 and 2031.
  • Europe is expected to lead the market followed by North America in 2021. South Asia & Pacific is anticipated to emerge as the fastest growing region between 2021 & 2031.
  • The market in Japan is expected to progress at a CAGR of 17.9% through 2031.
  • In the U.K., sales are expected to increase at a CAGR of close to 16% over the next ten years.

 “Fintechs and digital banks have been encroaching on incumbent institutions in the banking game and disrupting traditional business models — but by moving into the BaaS space. Tech-savvy legacy banks can turn this looming threat into an opportunity” says FMI analyst.  

COVID-19 Impact Analysis on Banking-as-a-Service (BaaS) Platform Market

The outbreak of COVID-19 has led to more usage of banking components because remote working and social distancing have helped digital banking gain a huge customer base. COVID-19 has been a defining moment for digital transformation, as financial institutions that invested strategically & financially in the digitalization process over the past decade, have been better prepared to navigate these shifts and respond to the crisis.

The market has witnessed a significant growth previously, but due to the unexpected COVID-19 outbreak, the market will witness additional growth in 2020, owing to the rising demand for seamless banking transactions. This growth will be majorly driven by changing customer behavior, increasing focus of the people from visiting bank branches to online access of bank services.

Hence, implementation of banking-as-a-service (BaaS) platform would be highly valuable during the COVID-19 period due to several factors such as rising use of electronic transactions amid pandemic crises, and to enable stress-free banking activities.

According to a 2020 World Bank survey, the fintech market has continued to help expand access to financial services during the COVID-19 pandemic—particularly in emerging markets—with strong growth in all types of digital financial services except lending. On an average, Fintech firms reported around 11% growth in volume of digital payment transactions, in H1,2020 as compared to H1,2019. Fintech innovations are helping reduce the cost of providing services, making it possible to reach more people, and reducing the need for face-to-face interactions, essential for keeping up economic activity during the pandemic.

Thus, the demand for banking-as-a-service (BaaS) platform is estimated to grow around 11.6% to 13.8% Y-o-Y from 2019 to 2021.

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Rapid Shift towards Embedded Finance

More and more nonbank companies are offering financial services, such as bank accounts or wallets, payments, and lending. Today, companies of all types and levels of maturity—including retailers, telcos, big techs and software companies, car manufacturers, insurance providers, and logistics firms—are considering and preparing to launch embedded financial services to serve business and consumer segments.

To meet the rising demand for embedded finance, financial institutions are increasingly offering banking as a service (BaaS)—bundled offerings, often white-labeled or cobranded services that nonbanks can use to serve their customers. With the acceleration of digitization, including automation and APIs, banks can scale BaaS faster, putting embedded finance within reach for more companies considering it. This is further estimated to fuel up the banking-as-a-service (BaaS) platform market growth prospects in the near future.

More Valuable Insights on Banking-as-a-Service (BaaS) Platform Market

FMI’s report on the banking-as-a-service (BaaS) platform industry research is segmented into four major sections – solution (banking as a service platform, banking as a service APIs, and services), enterprise size (small & mid-sized organizations and large organizations), end user (banks, fintech corporations, investment firms, and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the banking-as-a-service (BaaS) platform demand outlook.

Banking-as-a-Service (BaaS) Platform Outlook by Category

By Solution:

  • Banking as a Service Platform
  • Banking as a Service APIs
  • Services
    • Payment Processing Services
    • Digital Banking Services
    • KYC Services
    • Customer Support Services
    • Others

By Enterprise Size:

  • Small & Mid-sized Organizations
  • Large Organizations

By End User:

  • Banks
  • FinTech Corporations
  • Investment Firms
  • Others

By Region:

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

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Big Data Security Market Insights, Deep Analysis of Key Vendor in the Industry 2021-2027

Storing personal data securely, in this fast-paced world has become the most daunting task for big organizations today. Especially with the advancements in technology even the cyber security attacks are becoming sophisticated day by day, eluding all the traditional security tools, leading to demand for advanced protection techniques such as Big Data security. Big Data security is just a tool used to secure huge amounts of data possessed by large enterprises. Large enterprises having thousands of employees need to secure bulks of personal data about their employees and customers and even need to manage it to analyze and even predict security incidents.

The market for big data security holds a substantial revenue share in the security markets. Also, the market is anticipated to witness a healthy CAGR, as the enterprises continue to expand the size of their company. As the size of the enterprise increases, employees and customers will increase thereby impacting the data volumes generated by the company thereby raising the need to maintain and secure the data.

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Global Big Data Security Market: Market Dynamics

Increasing sophistication in the attacking techniques leaving the data vulnerable, in addition to rising volumes of data generated by different enterprises is the key factor driving the market of big data security. Big Data security is nowadays necessary for all the huge enterprises, may they belong to any domain, but it is inevitable for the banking & financial service providers as well as for government and defense departments. These organizations possess the most critical assets and information about public and hence it is crucial for them to manage and secure it.

Also with the advancing technologies, a large amount of R&D, is in progress in this field, which is expected to drive the growth of the market. Also, the cloud solutions for big data security are cost-effective and provide accessibility across the world. Because of the minimal amount of hardware required they can be accessed from anywhere, anytime. Due to these reasons cloud technologies, greatly ease the process of securing and managing data, driving the growth of big data security market.

However, high installation costs, limited data security budgets and lack of awareness about data security are the primary reasons that can thwart the growth of Big Data Security market.

Global Big Data Security Market: Regional Outlook

Regionally, the global Big Data Security market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa (MEA), Asia Pacific excluding Japan (APEJ) and Japan.

The APAC region is expected to be the fastest-growing region in the sandboxing market. The major reason being the rising cyber security attacks in this region.

In the developed economies of the US and Canada, there is a high focus on innovations obtained from Research and Development (R&D) and security technologies.

The North American region, followed by Europe, is expected to be the largest revenue-generating region for Big Data Security market in 2017.

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Global Big Data Security Market: Competition Landscape

The key vendors in the global Big Data Security market are Oracle Corporation, Microsoft Corporation, Symantec Corporation, IBM Corporation, Amazon Web Services, Hewlett Packard Enterprise, Mcafee, LLC, Check Point Software Technologies Ltd., Imperva, Inc., and Dell Technologies. High Investment in R&D and continuous technological innovations to onset the malicious attacks is the key strategy followed by major market vendors to gain competitive edge.

The report covers exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

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

Global Big Data Security market is segmented on the basis of deployment type, verticals, and region.

On the basis of deployment, 

  • Cloud
  • On-Premise

On the basis of verticals

  • BFSI
  • Government
  • Energy & Utilities
  • Healthcare
  • Manufacturing
  • Retail
  • Telecom & IT
  • Transportation & Logistics
  • Others.

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance

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Car Bulb Market Global Industry Analysis and Forecast Till 2021 – 2028

Car bulb is an integral part of automotive lighting systems where anterior and rear lighting is involved. Car bulbs also find their use in indicative lighting systems. The aesthetic features present within the interior and exterior of the vehicle is as important as the performance offered by the vehicle from the customer’s viewpoint of a lighting system. With increased dependency on electronics to perform various functions in a vehicle, different types of car bulb has also becomes one of the attractive feature provided in the premium as well as normal vehicle. Car bulb delivers cabin comfort and offers an element of luxury to the customers. For that purpose, automotive manufacturers are innovating in their car bulb technology with adding new colors and energy efficient features.

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The trend of increased customization has made it possible for all the vehicles owners to customize their vehicle according to need or requirement. Customization has made it possible to all the vehicle owners by providing them opportunity to customize their vehicles with ambient lighting and give a new atheistic look to the interior or exterior of the vehicle. Extent of customization depends of customers need or requirement.

Car Bulb Market: Drivers

Factors influencing the growth of the car bulb market such as installation of units at OEM production site and repair and replacement experience in the aftermarket and car service channels. In recent times, the concept of ambient lighting has also brought a spur in demand for car bulbs where different types of car bulb adds an attractive feature incorporated in premium and luxury class vehicles to improve cabin comfort and increase the overall appeal of a vehicle. Moreover, the automotive industry in North America and Asian countries, such as U.S., China, India and South Korea, contributes a healthy amount to the world’s GDP. Though the sales of high-end vehicles is heavily outperformed by the sales of entry level variants, easy availability of aftermarket car bulb coupled with consumer shift towards customization is steadily favoring the car bulb, and is helping in driving the car bulb market forward.

The car bulb market is seen to be high volume market whose growth will depend upon the overall growth of the automotive ancillaries’ industry sector. The car bulb market is characterized as highly competitive one with an influx of tier-1 manufacturers operating on global scale as well as regional and local level OEMs. The tier-1 manufacturers are seen to provide car bulb directly to OEM channel as well as sales in aftermarket spare parts trade channel. The local and regional level car bulb manufacturers mainly sell through the aftermarket route.

However, increasing fuel emission norms in the country have compelled manufacturers to reduce the number of components in vehicles and remove components that have the least mobility functionality. For this reason, the manufacturers in Japan are considering entirely omitting interior ambient lighting systems, especially in compact to mid-size variants. These regulations may prove to be a dent in the growth of car bulb market.

Car Bulb Market: Region Wise Trend

Region wise, the car bulb market is divided into nine region: Latin America, North America, Western Europe, Eastern Europe, MEA, SEA, India, Japan and China. Western Europe is a major hub of the automotive with Germany, Italy, France and the United Kingdom being at the forefront. Automotive manufacturers in these countries are focused on rolling out mid-level to high-level variants which take up a major share of the market. Additionally, consumers in the region are also focusing on environmental sustenance, prompting a slight shift towards electric vehicles. Increase in the sales of electric vehicles will be the trending opportunity for car bulb manufacturers.

Consumers in North America have been known to radically alter their vehicles. This trend of customization as well as automotive manufacturers’ implementation of such systems (ambient lighting) is one of the prime reasons driving the car bulb market. Moreover, the presence of a significant number of aftermarket car bulb manufacturers will make the car bulb aftermarket strong in the region.

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Car Bulb Market: Market Participants

Some of the market participants/vendors identified in the Car Bulb market across the globe are:

  • Philips
  • Osram GmbH
  • Ring Automotive Limited
  • Lucas Electrical
  • Stanley Electric Co. Ltd.
  • Jagan Lamps
  • Sylvania Inc.
  • Autolite (India) Limited
  • GE
  • PIAA Corporation

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)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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

Car Bulb Market: Segmentation

On the basis of car bulb type, the Car Bulb market can be segmented into:

  • Halogen
  • Xenon
  • LED

On the basis of number of filament used in car bulb, the Car Bulb market can be segmented into:

  • One
  • Two

On the basis of positioning of car bulb, the Car Bulb market can be segmented into:

  • Interior Car Bulb
  • Exterior Car Bulb

On the basis of vehicle type, the Car Bulb market can be segmented into:

  • Compact
  • Mid-Size
  • Luxury
  • SUV

On the basis of application, the Car Bulb market can be segmented into:

  • Tail Lights
  • Daylight Running Lights
  • Fog Lights
  • Signal Lights
  • Brake Lights
  • Hazard Lights
  • Driving Lamps
  • Others

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Report Highlights:

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