Peripherally Inserted Central Catheters Market : Global Industry Analysis 2015 – 2019 and Opportunity Assessment 2020 – 2030

Peripherally inserted central catheters (PICC) are the flexible, soft and thin tube of silicone or polyurethane applicable for intravenous medicinal fluid administrations, blood extraction, chemotherapy and parenteral nutrition.Peripherally inserted central catheters (PICC) are used for intravenous administration of drugs for several weeks and are available into wide variety specific to the disease’s type and duration of therapy. The global peripherally inserted central catheters (PICC) is expected to grow due to the elevating uses of peripherally inserted central catheters (PICC) in healthcare, favorable reimbursements and various other driving factors.

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Coronavirus pandemic has further propelled the growth of global peripherally inserted central catheters (PICC) market due to the advanced and favorable features including high compliance by medical professionals for its safety, efficacy, reliability, easy blood sampling and long dwelling time for central and peripheral venous access in Coronavirus infected patients.

The global peripherally inserted central catheters (PICC) market is driven by its increasing preference and applications into intravenous drugs administration, high healthcare expenditure, technological advancements and progressing R&D of peripherally inserted central catheters (PICC).

However, the dearth of specialized catheterization professionals, bloodstream infection risk, deep vein thrombosis and stiff competition with midline catheters decelerates the growth of global peripherally inserted central catheters (PICC) market.

Although the overall global peripherally inserted central catheters (PICC) market is anticipated to grow with the technological advancements of peripherally inserted central catheters (PICC), surging demands and the emerging novel technologies including anti-microbial and anti-thrombogenic peripherally inserted central catheters (PICC) are expected to streamline the growth of global peripherally inserted central catheters (PICC) market.

The global peripherally inserted central catheters (PICC) market is poised to grow with the attribution contribution of its increasing applications and high compliance by medical professions for intravenous drug administration, advancing technologies and research.

By product, power injected peripherally inserted central catheters leads the peripherally inserted central catheters (PICC) due to their advantages in intensive care unit applications including high-flow infusions, high-pressure injection and hemodynamic monitoring during radiological procedures.

By design, triple lumen dominates the global peripherally inserted central catheters (PICC) designs due to its safety, accessibility to run different infusions using only one access site.

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By end-user, hospitals lead the global peripherally inserted central catheters (PICC) end-users due to the advanced diagnostic and treatment facilities, equipped with specialized professionals, reimbursement and collaborations with the government.

North America holds the largest global market of peripherally inserted central catheters (PICC), driven by the massive burden of cancer, viral infections and cardiovascular diseases and the high demand of peripherally inserted central catheters (PICC), advanced healthcare and research.

Europe holds the second largest global market of peripherally inserted central catheters (PICC) and is growing at a significant rate, with the large patient pool, advanced healthcare and technologies and high demand of global market of peripherally inserted central catheters (PICC).

Asia-pacific peripherally inserted central catheters (PICC) market is growing at fastest pace with wide applications into long-term chemotherapy for malignancies, increasing cases of cardiovascular diseases, increasing disposable income, progressing R&D and healthcare technologies, governments aid and reimbursements.

Latin America peripherally inserted central catheters (PICC) market is growing moderately with the rising patient pool, geriatric populations, improving healthcare and medical tourism.

MEA &Africa peripherally inserted central catheters (PICC) market is growing gradually with the increasing awareness, evaluation studies and implementations into healthcare practices.

The key players of global peripherally inserted central catheters (PICC) market include AngioDynamics, Medtronic, CR Bard, B. Braun, Becton, Dickinson and Company, Teleflex, Vygon, Argon Medical Devices and Boston Scientific.

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Historical Actual Market Size, 2015 – 2019
  • Market Size & Forecast 2020 to 2030
  • Market Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Market Drivers and Restraints

Regional analysis includes

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

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Report Highlights:

  • Shifting Industry dynamics
  • In-depth market segmentation
  • Historical, current and projected industry size recent industry trends
  • Key Competition landscape
  • Strategies for key players and product offerings
  • Potential and niche segments/regions exhibiting promising growth
  • A neutral perspective towards market performance
Key Segments

The global peripherally inserted central catheters (PICC) market is segmented into product, design, end-user and regions.

product:

  • Power Injected Peripherally Inserted Central Catheters
  • Conventional Peripherally Inserted Central Catheters

designs:

  • Single Lumen
  • Double Lumen
  • Triple Lumen

end-user:

  • Hospitals
  • Ambulatory Surgical Centers
  • Catheterization Laboratories

Global Coating Additives Market Is Projected To Surge At Steady Growth Rate And Exhibit A CAGR Of 4.8% During The Forecast Period 2017-2022

The recent study conducted by Future Market Insights (FMI) reveals that the global coating additives market will surpass a valuation of US$ 8,851 Mn, registering a CAGR of 4.8% during 2017 to 2022. There has been a significant rise in the use of coating additives in painting of surfaces that face external issues such as biocides, decaying caused by chemicals, high temperature and abrasion.

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In recent years, the building and construction sector has witnessed tremendous growth, simultaneously making a positive impact on the sales of coating additives. Increasing consumer awareness about importance of using high-quality painting materials for buildings and houses is also driving the demand for various types of coating additives. Further, arrival of more advanced and efficient coating additives has led to greater usage of the product in the automotive industry. The new variants of coating additives offer a superior functionality in keeping the exterior paint work of cars at optimum condition for prolonged durations.

Also, coating additives continue to gain traction in the manufacturing of several aviation, industrial engineering as well as wood & furniture products. However, increasing concerns over harmful effects of VOC found in coating additives continue to be a major growth deterrent for the market. This, in turn, is prompting manufacturers to make greater efforts in developing environmental-friendly coating additives such as water-borne or bio-based. Moreover, introduction of such coating additives can create new market opportunities in the foreseeable future. Such factors are anticipated to shape the dynamics of the global coating additives market during the assessment period.

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Additional Highlights of the Report Include:

  • Based on formulation, the solvent based segment will retain is top position in 2017 and beyond. In terms of revenue, this segment currently accounts for more than 50% share of the global market. In addition, the solvent based segment is estimated to reach a valuation of over US$ 4,954 Mn towards the end of 2022.
  • On the basis of product type, the acrylics segment will remain dominant over 2022. This segment presently commands for more than one-fourth revenue share of the market and is expected to surpass a market valuation of US$ 2,401 Mn by the end of the assessment period, reflecting a steady CAGR.
  • By application, the rheology modification segment will remain highly attractive throughout the assessment period. This segment presently accounts for over 30% market share in terms of revenue and is expected to soar at a CAGR of 4.4% from 2017 to 2022

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Europe to be at the Forefront; North America & APEJ to follow

FMI’s report mentions that the market for coating additives in Europe will retain its leading position over 2022. In addition, the region’s coating additives market is set to soar at an impressive rate and procure more than US$ 1,799 Mn by the end of forecast period.  This is primarily owing to the influx of emigrants in the region, which is resulting in greater demand for construction supplies including paints and coating additives for housing and relief shelters. Among other regions, North America and Asia-Pacific excluding Japan (APEJ) are also projected to witness steady growth of their respective coating additives markets. During the forecast period, market in the APEJ region is expected to exhibit the fast CAGR.

The report has also mentioned key companies functioning in the global market for coating additives, namely Arch Chemicals, Ashland Global Holdings, Inc., Asahi Glass Co., Ltd., Evonik Industries AG, Lonza Group AG, Akzo Nobel NV, Arkema SA., BASF SE, BYK-Chemie GmbH, Dow Chemical, Momentive Performance Materials, Inc., and Solvay SA. Majority of these market players are concentrating of further improving the efficient and functionality of their product.

Ion Exchange Resins Market Size, Share, Growth Trends, and Forecast Analysis to 2026

While the global scenario of the ion exchange resins market reflecting the increasing use of ion exchange resins in power generation, followed by domestic wastewater treatment applications, the ion exchange resins market is subjected to a crunch due to the advent of alternative technologies that include electro deionization and reverse osmosis. The exceeding efficiency and advancement in technology are the major reasons why consumer preferences are shifting from conventional ion exchange resins towards these new alternatives.

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Ion Exchange Resins Market to register moderate growth owing to changing preferences

This shift of preference is projected to affect the ion exchange resins market adversely and further deteriorate the pace of expansion of ion exchange resins market. Owing to this scenario, the ion exchange resins market is expected to project a moderate growth with a CAGR of 5.4% over the forecast period of 2016 to 2026. Apart from its wide utility in water treatment and various other industrial applications, the ion exchange resins account for certain drawbacks including chlorine contamination and organic contamination of resins. These factors are likely to foster the shift of consumer preference towards other alternatives available in the market. Owing to these factors the accumulation of spent ion exchange resins and their disposal is being governed by regulations to ensure that they cause no potential harm. Despite the shortcomings, the ion exchange resins market is expected to be valued at over US$ 1,830 million by 2026-end.

Stringent regulations towards water conservation and the decreasing availability of fresh water is expected to drive the growth of the ion exchange resins market. Agencies such as Environmental Protection Agency (US) and India Water Works Association (India) are seen framing the regulations for water disposal. These actions towards water conservation and treatment are expected to fuel the demand for ion exchange resins across the globe. Water treatment process is, therefore, expected to be the major factors influencing the growth of ion exchange resins market.

Based on region, the APEJ region is projected to account for a comparatively high-value share and witness a CAGR of 7.0% over the period of forecast. In terms of volume, China is projected to dominate the ion exchange resins consumption in the APEJ region, whereas India is anticipated to witness comparatively faster growth during the forecast period. The factors influencing this market scenario are related to the growing demand for ultra-pure water in the Asian regions, especially China on account of the increasing number of power plants. As ultra-pure water is obtained by using ion exchange resins, several players in the ion exchange resins market offer resins exclusively for the power, pharmaceuticals, and electrical industries to produce ultra-pure water.

Key Developments to trigger the demand for ion exchange resins                

Industry players are expected to synergize efforts towards the development of distinct and product offerings tailored for specific applications. Key players of the ion exchange resins market such as Dow Chemicals and Lanxess have indulged in differentiation strategies by emphasizing on novel products to cater to the requirements of a comparatively niche market. On account of this, Dow Chemicals introduced their next-gen Dowex marathon ion exchange resins that are re-engineered to enhance the efficiency of water treatment processes.

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Ion Exchange India Ltd. provides water treatment services, predominantly in India, followed by a range of products and recycling plants for water treatment and wastewater treatment. The company has opted for a joint venture with Safic, a South-African based company for strengthening its global footprints, followed by which they marketed the water treatment equipment and chemical and resins products throughout the South-African region. Furthermore, their constant actions for expanding in the Middle-East and Africa (MEA) region are supported by their chemical blending unit in Bahrain for increasing revenue and strengthening its market share.

Ion exchange resins market participants are investing in extended research and development to cope up with the prompt application of ion exchange resins in various industries including the nuclear power generation industries that have showcased unmatched growth.

Palonosetron Hydrochloride Market 2022 by Global Key Players, Types, Applications, Countries, Industry Size and Forecast to 2027

Palonosetron hydrochloride is a hydrochloride salt of carbazole derivative, palonosetron. It is a chemical compound used to prevent and treat chemotherapy induced vomiting and nausea.

Palonosetron hydrochloride works by blocking the action of serotonin in chemoreceptor trigger zone, a zone located on medulla oblongata outside the blood brain barrier. Palonosetron hydrochloride is the most effective antagonist of 5-hydroxytryptamine type 3 receptors which are located in the chemoreceptor trigger zone.

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The most side effects observed of the palonosetron hydrochloride are headaches, constipation together with muscle pain atrioventricular block and sleeplessness. The oral route of administration of palonosetron hydrochloride is considered less effective as compared to the intravenous route of administration.

COVID-19 impact crisis has been unprecedented and has affected all the industries. The global market for palonosetron hydrochloride will also be affected by COVID-19. The effect can be in terms for supply chain disruption, logistical bottlenecks due to uncertain regulatory regimes adopted by various countries to contain the pandemic.

Palonosetron Hydrochloride Market: Drivers and Restraints
The growing incidence of cancer cases worldwide is the major market driver for the global palonosetron hydrochloride market in the forecast period of 2020-2030. Chemotherapy continues to remains the most common treatment for the cancer cases which in turn will boost the global palonosetron hydrochloride market.

There is a general preference for 5-hydroxytryptamine type 3 receptors antagonist drugs as compared to the other type of drugs for treating chemotherapy induced vomiting and nausea. This will consequently result in the growth of the global palonosetron hydrochloride market.

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Although chemotherapy is the most sought after treatment for cancer it is very painful and is accompanied by serious side effects. This has encouraged researchers to develop new alternate forms of treatment for cancer. The ongoing research for alternate drugs can thus slow the growth of palonosetron hydrochloride market.

The high costs involved in cancer treatment discourage people from choosing chemotherapy in developing world. This in turn could result in hindrance in growth of the global palonosetron hydrochloride market.

Palonosetron Hydrochloride Market: Overview
The global palonosetron hydrochloride market can be expected to grow steadily because as per the World Health Organization estimates the global death due to cancer are estimated to be 13 million by the end of 2030. Based on the route of administration intravenous segment can be estimated to register a sturdy growth owing to its greater preference among the medical specialists.

Based on the distribution channel the hospital pharmacies can be expected to grow steadily in the global palonosetron hydrochloride market considering the fact that these drugs are administered under medical specialist’s supervision.

Palonosetron Hydrochloride Market: Key Players
The key market players operational in the global palonosetron hydrochloride market are

  • Merck
  • Wavelength
  • Farmihispania Group
  • ALP Pharm
  • Shanghai Jinhe Bio-Pharmaceutical Co. Ltd.
  • Tecoland
  • Qilu Pharmaceutical
  • Teva api
  • Novartis
  • Roche
  • Heron Therapeutics and Tyche Industries

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.

Regional analysis includes:

  • North America (U.S. Canada)
  • Latin America (Mexico. Brazil)
  • Europe (Germany U.K France Italy Spain)
  • South Asia (India ASEAN Countries)
  • East Asia (Japan China & South Korea)
  • Oceania (Australia & New Zealand)
  • Middle East and Africa (GCC Countries South 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.

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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.

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

About 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, the global financial capital, and has delivery centers in the 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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Nucleic acid electrophoresis and blotting Market Projections in its Revised Report, COVID-19 Pandemic Shaping Global Demand

Nucleic acid electrophoresis and blotting is technique is used to separate nucleic acid molecules and identify specific fragments based. In electrophoresis, charged particles of nucleic acid are separated into DNA, RNA and proteins by its size or charge.

In nucleic acid electrophoresis and blotting method charged molecules are transported through solvent by an applied electric field for molecules to migrate towards the oppositely charged electrode. Nucleic acid electrophoresis and blotting procedure has clinical application in detecting the presence of specific protein in a complex mixture of protein in the body.

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It is also used in diagnostic tests for diseases like AIDS and few neurodegenerative disorders. According to the AIDS Virus Education Research Trust (AVERT), approximately 37.9 people suffered from HIV globally in 2018.

Reduced and delayed physician visits and hospitalization is expected to reduce the demand for nucleic acid electrophoresis and blotting market for short-term. However, this is expected to balance in long term scenario and growth trends will remain positive for the next decade.

Research and development activities of nucleic acid electrophoresis and blotting market are expected to hamper due to nation-wide lockdown situation across the majority of countries in the world amid Covid-19 pandemic.

The rise in the prevalence of HIV infections is expected to drive nucleic acid electrophoresis and blotting market growth. With an increase in research and development activities for the genomics and proteomics, the leading industry players are investing in the nucleic acid electrophoresis and blotting market.

Increasing application of western blotting is expected to drive nucleic acid electrophoresis and blotting market growth. Government initiatives to create awareness about HIV tend to increase its diagnostic rate and fuel nucleic acid electrophoresis and blotting market growth.

For instance, in India, the National AIDS Control Programme (NACP) focuses on information, education and communication to control the spread of HIV. The requirement of highly skilled labour can hinder nucleic acid electrophoresis and blotting market growth.

Alternative technologies offering more efficient results are expected to challenge nucleic acid electrophoresis and blotting market growth during the forecast period.

Gel electrophoresis is expected to generate the majority revenue share of nucleic acid electrophoresis and blotting market. Based on application, the diagnostic segment will dominate nucleic acid electrophoresis and blotting market during the forecast period with the increasing prevalence of HIV infections.

Whereas, research and development will observe a significant rise in nucleic acid electrophoresis and blotting market with increasing investments. Hospitals and biopharmaceutical companies are leading end-users of nucleic acid electrophoresis and blotting market due to increased diagnostics and research and development activities.

The high rate of prevalence of HIV infections increases the demand for nucleic acid electrophoresis and blotting market in North America. Europe is the second leading region in nucleic acid electrophoresis and blotting market with increased investments towards research and development activities.

Asia-pacific is lucrative with a higher growth rate in the nucleic acid electrophoresis and blotting market during the forecast period with a large patient population in the region. The Middle East and Africa are expected to observe the least growth in nucleic acid electrophoresis and blotting market due to less healthcare expenditure in the region.

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Some key players contributing in nucleic acid electrophoresis and blotting market are

  • F. Hoffmann-La Roche AG
  • GE Healthcare
  • Cell Signalling Technology
  • Merck & Co.
  • Thermo Fisher Scientific
  • Perkinelmer Inc.
  • Agilent TechnologiesInc.
  • Advansta Inc.
  • Bio-Rad Laboratories
  • Li-Cor Biosciences
  • Bio-Techne Corp.
  • Lumigen Inc.
  • Hamilton Company
  • Helena Laboratories
  • Cleaver Scientific Ltd.

The report on nucleic acid electrophoresis and blotting market covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Historical Actual Market Size, 2015 – 2019
  • Market Size & Forecast 2020 to 2030
  • Supply & Demand Value Chain
  • Market Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain
  • Market Drivers and Restraints

Regional analysis for nucleic acid electrophoresis and blotting market includes

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

 Report on nucleic acid electrophoresis and blotting market highlights:

  • Shifting industry dynamics
  • In-depth market segmentation
  • Historical, current and projected industry size
  • Recent industry trends
  • Key competition landscape
  • Strategies of key players and product offerings
  • Potential and niche segments/regions exhibiting promising growth
  • A neutral perspective towards market performance

Key Segments

The global nucleic acid electrophoresis and blotting market is segmented based on the type of electrophoresis type, application, end-user and region.

electrophoresis type:

  • Gel
  • Capillary

application:

  • Research and Development
  • Diagnostic
  • Others

end-users:

  • Hospitals
  • Biopharmaceutical Companies
  • Contract Research Organizations
  • Research and Academic Institutes

Synthetic Leather Are Expected To Reach US$ 34.1 Bn Through 2021

Future Market Insights (FMI) has forecast the global synthetic leather market to register year-on-year growth of 4.50% in 2021. Sales of synthetic leather are expected to reach US$ 34.1 Bn, surpassing 40,119 KT by the same year.

Synthetic leathers are versatile in terms of application and are used in manufacturing of footwear, furnishings, garments, and luxury items. Increasing demand for synthetic leather can be attributed to mounting concerns regarding the environmental impact of natural leather and changing consumer preference towards animal free and vegan products.

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Stringent animal cruelty regulation, growing awareness regarding various attributes of synthetic leather, and increasing price of natural leathers are key factors driving the market throughout the assessment period.

Superior physical and functional properties of synthetic leather over traditional leather and increasing research and development undertaken to discover cost effective alternatives to natural leather will play a key role in boosting the demand for synthetic leather, says FMI.

Automotive industry is gradually transitioning from natural leather to lightweight synthetic leather interiors. Due to increasing demand for lightweight automobiles, sales of synthetic leather are expected to growth significantly over the forecast period.

Lightweight vehicles consume less fuel and offer more mileage, thus contribute in reducing carbon dioxide emission. Research and development has identified a direct correlation between fuel economy and vehicle weight.

This has compelled automotive manufacturers towards reducing curb weight of the automobile and pushed them to adopt lightweight synthetic leather for manufacturing of vehicle seat, doors, dashboard, and steering covers.

Thus top original equipment manufacturers are adopting lighter materials in vehicles, spurring the demand for synthetic leather in automotive industry.

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Key Takeaways from FMI’s Synthetic Leather Market Study

  • Increasing demand for vegan and bio-based synthetic leather for bags and sportswear manufacturing along with increasing sales of mobile and laptop protective covers in U.S. will assist the North America synthetic leather market to grow at 3.70% CAGR through 2031.
  • Synthetic leather sales in Europe is forecast to increase at 3.60% CAGR during the assessment period, backed by booming fashion and automotive industries in Western Europe region and growing awareness regarding negative impact of leather tanning on environment among the population.
  • India will offer significant growth opportunities in synthetic leather market due to increasing sales of designer footwear and stringent government regulations towards processing of natural leather.
  • Argentina is forecast to lead the synthetic leather market in Latin America owing to high demand for calfskin leather alternatives, increasing export of leather products, and strong economic growth in the country.
  • Japan will hold around 11% of the global market share in 2021. Sales uptick can be attributed to increasing production and export of synthetic leather from the country.

 “Gradual recovery of global economy post pandemic, rising awareness regarding animal cruelty, and focus on reducing the carbon footprint in fashion industry will fuel the demand for synthetic leather during the forecast period,” says the FMI analyst.

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Competitive Landscape

According to FMI, the global synthetic leather market is fairly consolidated, in which leading players account for two fifth of the market value share as of 2021.  Emergence of new start-ups and regional players is expected to make market highly competitive in upcoming years.

Top market players are adopting organic growth strategies such as the introduction of new and advanced materials to strengthen their position in this evolving market. For instance, in September 2020, Gordini launched “Clutch™ Synthetic Leather” which is an excellent alternative to natural leather and is claimed to outperform traditional leather.

Natural Fiber Welding Inc. introduced its first 100% plant based leather called “Mirum” in Bio-Based Summit 2021. This synthetic leather is made from recycled cotton, hemp, natural rubber, cork and vegetable oil. This leads to reducing carbon impact by 40% and 17X less carbon emission than plastic based synthetic leather.

Manufacturers are forming strategic partnerships and collaboration to gain market advantage and survive in this highly competitive market. For instance, in 2021, Natural Fiber Welding Inc. (NFW) joined hands with San Francisco-based footwear brand Allbirds for developing bio-based synthetic leather and reduce its prices.

Allbirds invested around US$ 2 Mn in NFW to boost the production of plant based leather and eradicate fossil fuel-based materials from the fashion industry.

Prominent players operating in the synthetic leather market are:-

  • Kolon Industries Inc.
  • Mayur Uniquoters Ltd.
  • Gruppo Mastrotto S.p.A.
  • Alfatex.
  • Achilles Corp.
  • Teijin Limited
  • Nan Ya Plastics Corporation
  • Asahi Kasei Corporation
  • Toray Group Kuraray Co., Ltd.
  • Daewon Chemical Co Ltd.
  • Leather Resource Of America Inc.
  • Comfort Int’l Co., Ltd
  • Sheng Hung Industrial Co. Ltd.
  • Plastics Elche S.A

Fine Hydrate Market Key Insights, Profiling Companies and Growth Strategies by 2031

As per a recent study by FMI, the global fine hydrate market is estimated to reach US$ 371.6 Mn in 2021. Increasing use of fine hydrate as fillers in cables & wires, cross-linked elastomers, insulation, polyester resins, and epoxy resins is propelling the demand in the market.

Historically, the fine hydrate market grew at 2.7% CAGR between 2016 and 2020. However, rising adoption of fine hydrate in the production of engineered plastic and thermoplastics is fueling the demand in the market.

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Hence, increasing demand for these plastics across automotive and consumer electronics, owing to their lightweight and durability is anticipated to boost the market. As per FMI, the market is poised to expand at 7.2% CAGR during the forecast period from 2021 and 2031.

Further, fine hydrates are non-toxic, halogen-free, non-corrosive, and excellent flame retardant which imparts at relatively high temperatures. Attributed to these properties, they are finding a wide range of applications in paints and coatings, adhesives, fire hydrants, varnishes, and polyvinyl chloride (PVC) sectors, which is in turn, boosting the market.

In addition to this, increasing use of fine hydrate as a substitute to titanium dioxide in the production of pigments is estimated to accelerate the sales at year-over-year growth of 7.40% through 2021.

Based on applications, the cable compound is projected to remain the dominant segment in the market for the assessment period. Surging applications of fine hydrates in insulating and jacketing compounds for wires with varying voltage requirements are favoring the growth in the segment.

“With the introduction of nanotechnology, key players in the market are emphasizing on introducing novel product using fine hydrates and nanoclays to reduce the flammability of matrices and enhance the quality of non-halogenic fire retardants. This is expected to accelerate the growth in the market in forthcoming years,” says a FMI analyst.

Key Takeaways from Fine Hydrate Market Study

  • Sales in North America are estimated to rise at 5.20% CAGR owing to the increasing application in the paints & coatings and plastic polymers sector in the U.S.
  • Europe fine hydrate market is poised to expand at 6.4% CAGR between 2021 and 2031, favored by surging demand for engineered plastic across the automotive sector in Germany.
  • China is anticipated to account for the largest demand share in the East Asia market, on the back of expansion of consumer electronics industry.
  • South Korea and Japan are projected to emerge as a highly lucrative market, collectively accounting for nearly 6.90% of the total fine hydrate sales in 2021.
  • India is forecast to hold a significant share in the South Asia market, driven by the growing adoption of fire retardant across the construction sector.

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Key Drivers

  • Suring demand for fire retardants in electrical and electronic devices such as computers, mobile phones, laptops, and household appliances is increasing the sales of fine hydrate across the consumer electronics industry.
  • Increasing use of fine hydrate in wires and cables owing its optimal flame retardance and low smoke generation properties is propelling the demand in the cable compounds segment.

Key Restraints

  • High cost of fine hydrate and availability of substitutes such as magnesium hydroxide and zinc hydroxystannate (ZHS) is hindering the sales in the market.
  • Implementation of stringent regulations regarding the use of chemical-based flame retardants such as fine hydrates is hampering the growth in the market.

Competitive Landscape

As per FMI, leading players operating in the global fine hydrate market are Huber Engineered Materials, Nabaltec AG, Hindalco Industries Ltd., Aluminum Corporation of China Ltd., and Suimoto Chemicals Co. Ltd. As per FMI, these companies are projected to account for around 55% to 60% of the total market share in 2021.

Key manufacturers are aiming at collaborations, mergers, acquisitions, joint ventures and partnerships to expand their production facilities. To gain a competitive edge in the market, some of the players are investing in research and development (R&D) activities to improve their product portfolios. For instance,

  • In May 2021, Huber Corporation announced entering into an agreement with a leading supplier of refractory products, RHI Magnesita (RHIM) to acquire 50% stake of the companies’ 50/50 joint venture, MAGNIFIN Magnesiaprodukte GmbH & Co. KG. As per the acquisition, MAGNIFIN, as a part of Martinswerk will now became a part of the Huber Corporation. This will assist the company to provide a wide range of halogen-free products for smoke suppression and fire retardant applications.
  • In December 2020, Hindalco Industries Limited, an Indian aluminium and copper manufacturing company, announced its expansion of its production capacity by opening a new extrusion plant at Silvassa, India. The new plant will increasing the production by 34,000 Tons to service the fast-growing market for extruded aluminum products in the southern and western regions.

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

  • Nabaltec AG
  • Huber Engineered Materials
  • Hindalco Industries Limited
  • Sumitomo Chemical Co. Ltd.
  • Alumina Castables & Chemicals Private Limited
  • Aluminium Corporation of China Limited (CHALCO)
  • JINAN CHENXU CHEMICAL CO., LTD.
  • Henan Kingway Chemicals Co., Ltd.
  • Others

More Valuable Insights on Fine Hydrate Market

The latest report by FMI provides a detailed analysis of the global fine hydrate market, providing credible insights into key factor driving the market through 2021 and beyond. The study also disclosed growth projections on in fine hydrate market with detailed segmentation:

By Application:

  • Cable Compounds
  • Sheet Molding Compounds
  • Bulk Molding Compounds
  • Others

Region:

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

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Key Questions Covered in the Report

  • The report offers insight into fine hydrate market demand outlook for the forecast period 2021-2031
  • The market study also highlights projected sales growth for fine hydrate market between 2021 and 2031
  • Fine hydrate market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
  • Fine hydrate market share analysis, covering key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

Tattoo Removal Lasers Market Closed In On US$ 179 Million In 2018:FMI

According to the latest research by Future Market Insights (FMI), the tattoo removal lasers market closed in on US$ 179 million in 2018. The revenue growth of tattoo removal lasers market has been estimated at a promising rate over the course of coming years. While over 7 in 10 patients prefer aesthetic clinics for the procedure of tattoo removal lasers, market value share of tattoo studios is likely to expand in coming years, as per FMI’s analysis.

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Tattoo removal lasers have been incorporating the latest laser technologies specific to tattoo removal procedures. Constant developments in the tattoo removal lasers landscape, increase in product penetration across different regions, and increasing government support for R&D of innovative tattoo removal lasers will remain key demand determinants in tattoo removal lasers market.

Several new technologies have been contributing to the revenue growth of tattoo removal lasers market. However, picosecond tattoo removal lasers are extremely expensive. A combination of wavelengths has been in high demand for tattoo removal. For instance, according to a research study conducted on five patients by the Laser Health Academy, better clearance was achieved with a combination of 1,550 nm non-ablative fractional laser+YAG laser as compared to other tattoo removal lasers. The combination of YAG+YAG also resulted in shorter recovery time.

According to research studies conducted on tattoo removal lasers, a combination of QS Nd: YAG (1064 nm) and CO2 lasers for tattoo removal also resulted in a significantly high improvement on the combination side for Indian skin. Combination of tattoo removal techniques is being perceived as more effective than only Q-S tattoo removal lasers, as the former reduces the need for multiple sessions.

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Moreover, combination tattoo removal lasers have not only reduced the number of sessions required, but also cut costs and reduced adverse effects such as hyper-pigmentation, long-going inflammatory responses, and bulla formation. Extensive research on the efficacy of these combination tattoo removal lasers are warranted, specifically considering the high patient demand for tattoo clearance. Thus, the high demand for combination tattoo removal lasers has consistently driven the tattoo removal lasers market.

However, tattoo removal lasers work differently on different skin types, which may involve multiple adverse effects. Tattoo removal lasers that involve Q-switched also require eye protection for the prevention of retinal damage. Q-switched ruby tattoo removal lasers are linked with high clearance rates but are also contradictory because of the high incidence of prolonged hypopigmentation. Such adverse effects of tattoo removal lasers will remain are expected to hamper the growth of the tattoo removal lasers market during the forecast period.

The tattoo removal lasers market report tracks some of the key companies operating in the tattoo removal lasers market, which include Hologic Inc. (Cynosure), Shanghai Fosun Pharmaceutical（Group）Co., Ltd. (Alma Lasers), Cutera,  Syneron® Medical Ltd., Fotona d.o.o., LUTRONIC, Lumenis, El.En. S.p.A. (Asclepion Laser Technologies GmbH), and Lynton Lasers.

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Some of the commonplace complications that result post tattoo removal lasers treatment include prolonged erythema, hyperpigmentation, hypertrophic scar formation, and disseminated infection. On the other side, complications associated with fractional lasers include transient pigmentary changes, mild fibrosis, and hypopigmentation. Though most of the adverse effects associated with tattoo removal lasers can be cured within a short span of time, some of them may lead to serious complications in terms of skin texture and pigmentation.

Non-Invasive Respiratory Monitoring Market 2022 Outlook, Current and Future Industry Landscape Analysis 2031

According to the latest research by the Future Market Insight, The Non-Invasive Respiratory Monitoring market is set to witness a Soaring growth in the forecast period 2021-2031 at a CCAGR of 8%. Respiratory monitoring device has wide range of application in all diseases related to respiration. 

In the developing world the air is getting polluted at a high rate due to this may breathing problems occurs to the citizens worldwide. In fact, respiratory diseases are listed in the world’s biggest health concerns, causing one-sixth of all deaths globally. These reasons signifies the soaring growth of the market in forecast period globally .

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What is Driving Demand for Respiratory Monitoring Market?

The growing rate of respiratory disease globally due to the developments going on worldwide drives the market demand in the coming period. Factors such as highly accurate, rapid, and effective results produced by the Respiratory monitoring devices fuel the growth of the market.

The Increasing prevalence of asthma and chronic obstructive pulmonary diseases (COPDs) are some of the major factors driving the demand for respiratory monitoring devices.

The Covid-19 pandemic became the major factor responsible for the bullish growth in the market. Increasing efforts to introduce new technologies, sensors which are capable of providing accurate measurement on respiration rate.

COVID-19 Pandemic Likely to Augment Demand of Non-Invasive Respiratory Monitoring Market.

Covid-19 pandemic had a disastrous effect on citizens worldwide. The pandemic had a direct impact on the respiratory system of humans, In this period of covid-19  pandemic the manufacturers introduced new technology called pulse oximeter, which gives the accurate result for pulse rate and oxygen level in blood with the help of sensors, hence the covid-19 pandemic had a positive impact on the market as the demand for the respiratory monitoring devices increased at a high rate which helped in booming the market.

U.S. and Canada Non-Invasive Respiratory Monitoring Market Outlook

North American region holds the largest share in the respiratory monitoring devices. The factor responsible for the large share in segment are, the high awareness about Oximeters, spirometers and plethysmographs, economic capability to purchase expensive machines in large number, prevalence of respiratory diseases, rising demand for technologically advanced and innovative products in hospitals, diagnostic laboratories, home care , and outpatient ambulatory surgery centers and presence of well established companies in the region.

Europe & Asia pacific Demand & Outlook for Non-Invasive Respiratory Monitoring Market.

Europe holds the second largest share in the market, the factors responsible for the same are, the Highest Covid-19 cases which led in the highest demand of the respiratory monitoring market, The presence of established companies and developing companies boosts the demand of market.

Asia pacific is predicted to be the fastest developing region as the heath care expenditure is increasing year on year, the population is increasing, number of emerging companies is increasing every year, the introduction of new technologies boosts the demand of the market.

Who are the Key Manufacturers and Suppliers of Non-Invasive Respiratory Monitoring Products?

According to FMI Analysis,

  • VYAIRE (CareFusion Corporation)
  • Smith & nephew
  • GENERAL ELECTRIC
  • ResMed
  • Masimo
  • COSMED srl
  • MGC Diagnostics Corporation
  • Koninklijke Philips N.V.
  • Medtronic, and Teleflex Incorporated
  • Nihon Kohden Corporation
  • Novelda AS
  • Welch Allyn, Inc. (Hill-Rom Holdings, Inc.)

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are identified as the key players of the Non-invasive respiratory monitoring market.

Masimo Corporation introduces Root Patient monitoring and connectivity platform in September 2020.

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.

Non-Invasive Respiratory Monitoring 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
  • Must-have information for market players to sustain and enhance their market footprint
Key Segments 

By Product:

  • Spirometer
  • pulse oximeter
  • peak flow meter
  • capnographs

By End Users:

  • Hospitals
  • Clinics
  • Home care

By Region:

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

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Weight Loss and Obesity Management Market to reach a valuation of over US$ 4.9 Billion by 2028

The growth of weight loss and obesity management market is attributed to the rising epidemic of obesity across the globe. According to the latest research by Future Market Insights (FMI), the global weight loss and obesity management market is anticipated to reach a valuation of over US$ 4.9 Bn, by the end of 2028. The weight loss and obesity management market is expected to expand at a steady CAGR of 5.2%, over the forecast period of 2018-2028.

Developing Regions More Prone to Obesity & Other Comorbidities

Increasing number of cases of obesity and related comorbidities will lead to the growing adoption of drugs and devices for weight loss and obesity management, which will further fuel the growth of the global weight loss and obesity management market during the forecast period.

The weight loss and obesity management market is majorly driven by the rising prevalence of obesity. The rising epidemic of obesity presents a major challenge to disease prevention across the globe. It is estimated that by 2030, 38% of the world’s adult population will be overweight and around 20% will be obese. This obesity epidemic is more prevalent in the Middle East and the Asia Pacific regions where food import is quite high. Weight loss and obesity management are helpful in the treatment of highly critical obesity and comorbidities associated with it, such as diabetes, asthma, sleep apnea, and hypertension, etc.

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Increasing health consciousness is also cited as an important factor boosting the revenue growth of the global weight loss and obesity management market. Sizeable consumer population in developed regional markets will particularly continue to generate high demand for weight loss and obesity management practices, according to the report. Millennial and Generation-X consumers are gradually adopting advanced aesthetic services, including weight loss and obesity management, thereby creating adequate opportunities for manufacturers of weight loss and obesity management drugs and devices.

Key Players:

  • Novo Nordisk A/S,
  • GlaxoSmithKline plc.,
  • F. Hoffmann-La Roche AG,
  • Allergan Plc,
  • Johnson & Johnson Services, Inc,
  • Medtronic plc.,
  • Vivus Inc.,
  • Eisai Co., Ltd.,
  • ReShape Lifesciences, Inc,
  • Obalon Therapeutics,
  • Aspire Bariatrics,
  • Allurion Technologies Inc.,
  • Nalpropion Pharmaceuticals, Inc., and
  • Beijing Noble Laser Technology Co., Ltd.

Key Vendors Targeting Extension of Product Portfolio

Leading companies operating in weight loss and obesity management market are majorly focusing on strengthening their product portfolio. Product line extensions help companies to launch newer products with unique features for specific indications. This results in an increased market share of companies in the highly competitive weight loss and obesity management market. In response to increasing demand from various healthcare professionals to effectively treat obesity with minimum long-term side effects, manufacturers are focusing on developing innovative and specific products.

Product innovation is expected to boost revenue and volume growth of the weight loss and obesity management market during the forecast period. For instance, an additional FDA patents approval for VIVUS, Inc.’s Qsymia, for the covering compositions of Qsymia and covering methods for effecting weight loss using Qsymia (phentermine and topiramate).

However, the high cost involved in research and development of obesity drugs is a great challenge for the growth of the weight loss and obesity management market. Additionally, long gestation time required for research and developmental activities as well as the need for a number of essential clinical trials to test drugs adds up to significant expenditure. The limitations posed by high development cost of anti-obesity drugs might hinder the growth of the global weight loss and obesity management market. Moreover, the high cost of surgical procedures, such as gastric bypass surgery, adjustable gastric banding, gastric sleeve surgery and gastric balloon treatment, may also affect the growth of the global weight loss and obesity management market adversely.

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The global weight loss and obesity management market is estimated based on product type, and distribution sales. Based on product type, the weight loss and obesity management market has been segmented into drugs and devices.

Drugs product type segment is further segmented into GLP-1 receptor agonists, lipase inhibitors, serotonin receptor agonist, a combination drug, and others. Devices product type segment is further segmented into liposuction devices, bariatric stapling devices, gastric band, gastric balloon systems, gastric emptying systems, and gastric electrical stimulation systems.

Devices segment is expected to hold maximum market share in the global weight loss and obesity management market. Based on distribution sales, the weight loss and obesity management market has been segmented into institutional sales and retail sales. In terms of revenue, institutional sales dominated the global weight loss and obesity management market in 2017.

Additional Questions Answered

Some of the additional questions addressed in this report on the weight loss and obesity management market-

  • What is the revenue potential of the weight loss and obesity management market across the regions of emerging economies?
  • Who are the key competitors in the weight loss and obesity management market and what are their portfolios?
  • What are the major challenges influencing the growth of the weight loss and obesity management market?

Segmentation

On the basis of product type

  • drugs
  • devices

On the basis of distribution sales

  • institutional sales
  • retail sales

On the basis of geographical

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa (MEA)
  • emerging countries like China, Brazil, and India.

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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.