Vascular Testing Devices Market 2022 Outlook, Current and Future Industry Landscape Analysis 2028

Vascular Testing Devices Market OverviewVascular disease is of two type viz. peripheral artery disease (PAD) and chronic venous insufficiency (CVI). Vascular disease can be life-threatening due to incorrect and delay diagnosis. Vascular testing devices encompass a broad range of equipment and expertise for proof of principle. Vascular testing is also known as non-invasive vascular testing in which various technology based devices are utilized to evaluate the blood vessels. The evaluation and testing of the blood vessels can be done at the rest time or at the time of the exercise. Vascular testing is generally painless and determine the disease location and severity. Vascular testing devices are comes with the advanced features such as digital dashboard and online interface with the remotely located facility centers. These devices also come with the specifications such as LAN/WAN and DICOM/PACS compatibility.

The increasing incidence of death and other complications due to stroke and myocardial infarction amongst those with silent asymptomatic peripheral vascular disease is the key growth factor boost the use of vascular testing devices for diagnosis purpose.

Vascular Testing Devices Market: Drivers & Restraints

The global vascular testing devices market is expected to register a significant CAGR over a forecast period. The increasing prevalence of vascular diseases and disorders, lifestyle diseases is the key factor anticipated to propel the demand for vascular testing devices and drives the growth of the global vascular testing devices market. The technically advanced vascular testing devices allows great access to vascular disease testing in particularly non-interventional settings, which helps to diagnose more patients with disease before disease progresses to a potentially critical stage. The availability of portable and easily operable testing devices for vascular diseases is also expected to be the major factor drives the growth of the global vascular testing devices market over the forecast period. The vascular devices also work on the telemedicine technology and send test data to a remotely located specialist for the online interpretation which anticipated to surge the demand for vascular testing devices over the long run.

However, the lack of expertise and physicians to operate vascular testing devices and to interpret the test data may restrain the growth of the global vascular testing devices market over the forecast period. The higher cost of set up of the vascular testing lab and devices may hamper the demand of vascular testing devices and restrain the growth of the global vascular testing devices market over the long run.

Vascular Testing Devices Market: Region-wise Outlook

On the basis of regional presence, the global vascular testing devices market is segmented into eight key regions: North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding China and Japan, China, Japan, and Middle East & Africa. Currently, North America is contributing the leading share to the global vascular testing devices market in terms of value and anticipated to register a significant growth over a forecast period due to developed medical infrastructure and increasing spending on high end diagnostic technologies. Europe region also contribute significant amount of revenue share to the market followed by North America. APAC region is the most lucrative market for the vascular testing devices due to the increasing prevalence of the vascular diseases in the region and expected to show a robust growth to the global vascular testing devices market. Overall, the global vascular testing devices market is expected to show significant growth over a forecast period.

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The report covers exhaustive analysis on:

  • Vascular testing devices market segments
  • Vascular testing devices market dynamics
  • Historical actual market size, 2013 – 2017
  • Vascular testing devices market size & forecast 2018 to 2028
  • Vascular testing devices current trends/issues/challenges
  • Competition & companies involved
  • Vascular testing devices market drivers and restraints

Regional analysis includes

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding China and Japan
  • Japan
  • China
  • Middle East & Africa
Vascular Testing Devices Market: Segmentation

The global vascular testing devices market is segmented on the basis of modality type, technique type, test type and end user.

On the basis of modality type, the global vascular testing devices market is segmented into:

  • Portable
  • Standalone

On the basis of technique type, the global vascular testing devices market is segmented into:

  • Arterial Doppler
  • Pulse Volume (PV) Arterial
  • Photoplethysmography
  • Color or Black And White Arterial Duplex
  • MRA
  • CT and MR Angiography
  • Standard Invasive Angiography

On the basis of test type, the global vascular testing devices market is segmented into:

  • Toe pressure
  • Transcutaneous oxygen (tcpO2 / TCOM)
  • Pulse volume recording
  • Segmental pressures
  • Skin perfusion pressure
  • Heat-controlled laser Doppler
  • Others

On the basis of end user, the global vascular testing devices market is segmented into:

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers
  • Specialty Clinics
  • Mobile Testing Centers
  • Others

Report 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

MENA Commercial Vehicles (Trucks) Market will reach US$ 6.57 Mn by the end of 2022

A new report published by Future Market Insights titled ‘Commercial Vehicles (Trucks) Market: Middle East & North Africa (MENA) Industry Analysis 2012 – 2021 and Opportunity Assessment 2022-2027’ studies the performance of MENA commercial vehicles (trucks) market over a 10 year assessment period from 2012 to 2027.

The report presents the value and volume forecasts of the MENA commercial vehicles (trucks) market and provides key insights into the factors driving market growth as well as the factors restricting the market growth.

The estimates point to a revenue growth from nearly US$ 5,250 Mn in 2021 to nearly US$ 8,500 Mn by 2027 end, resulting in a CAGR of 5.0% during the period of assessment. In terms of volume, the MENA commercial vehicles (trucks) market was pegged at 152,191 units in the year 2021 and is poised to reach a figure of 212,232 units in 2027, and display a CAGR of 3.4% in the forecast period.

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Rapid development and growth of oil and gas industry in the rest of Middle East region to boost market revenue growth

Commercial vehicles are commonly used as a medium of transport for different types of end use industries and they are helping in tasks such as unloading, loading and transportation of goods. The construction industry is exhibiting a fast growth due to the vast number of projects in the pipeline in each country of the Middle East and this also has connection with the plans of the countries in the Middle Eastern region to diversify their economies.

These developments are also related to the large scale international events that are going to be held in this region such as World Expo 2020 to be held in Dubai and the FIFA World Cup 2022 to be held in Qatar.

The construction industry in Iran was estimated to be valued at US$ 154.4 billion in 2016 from US$ 88 billion in the year 2013 and due to this upward growth, the market for heavy trucks is likely to boost in this country. Also, due to the rising urbanization, the construction industry is experiencing rapid growth in rest of the countries in the Middle East which is further expected to boost the demand for commercial vehicles in building and construction activities in the region.

Iran is also one of the biggest markets for trucks in the MENA region, and with the economic sanctions lifted up from Iran, it is experiencing a huge growth in its economy and is likely to be one of the prominent markets for heavy duty commercial vehicles.

On the other hand, other countries in the region like UAE and Oman are also becoming attractive markets for commercial vehicles due to their vast use in end-use industries such as the petrochemical industries, and this is expected to boost the overall demand for trucks in the Middle East region.

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MENA Commercial Vehicles (Trucks) Market: Segmentation and Forecast

The MENA commercial vehicles (trucks) market is segmented on the basis of class type and region. On the basis of class type, the market is segmented into light duty, medium duty and heavy duty. On regional basis, the market is segmented into Middle East (Saudi Arabia, Turkey, Rest of Middle East) and North Africa.

  • The heavy duty segment was estimated to be valued at nearly US$ 3,200 Mn in 2021 and is likely to reach a valuation of nearly US$ 5,300 Mn in 2027 and in the process exhibit a CAGR of 5.1%.
  • The medium duty segment was estimated to be valued at nearly US$ 1,850 Mn in 2021 and is anticipated to reach a valuation of nearly US$ 3,000 Mn in 2027 and exhibit a CAGR of 4.8%.

MENA Commercial Vehicles (Trucks) Market: Regional Forecast

  • The commercial vehicles (trucks) market in Saudi Arabia was estimated to be valued at nearly US$ 560 Mn in 2021 and is likely to reach a valuation of nearly US$ 900 Mn in the year 2027 and exhibit a CAGR of 4.6% during the assessment period.
  • The commercial vehicles (trucks) market in Turkey was estimated to be valued at nearly US$ 1,350 Mn in 2021 and is anticipated to reach a valuation of nearly US$ 2,150 Mn in 2027 and exhibit a CAGR of 5% during the period of forecast.

Market Taxonomy

Class Type

  • Light Duty
    • Unto 2.5 T
    • 2.5 T – 4.5 T
    • 4.5 T – 6.5 T
  • Medium Duty
    • 6.5 T – 7.5 T
    • 7.5 T – 9 T
    • 9 T – 12 T
  • Heavy Duty
    • 2 T – 15 T
    • 15 T & Above

Region

  • Middle East
    • Saudi Arabia
    • Turkey
    • Rest of Middle East
  • North Africa

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MENA Commercial Vehicles (Trucks) Market: Vendor Insights

This report includes some of the key players functioning in the MENA commercial vehicles (trucks) market such as Daimler AG, AB Volvo, Scania AB, Paccar Inc., MAN SE, Navistar International Corp., Hino Motors, Ltd., Isuzu Motors Ltd., Dongfeng Motor Corporation, FAW Group Corporation, Toyota Motor Corporation, Ford Motor Company, Nissan Motor Company Limited, General Motor Company and Volkswagen AG. Manufacturers are using advanced telematics systems and financing options to lure customers.

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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Repositioning and Offloading Devices Market Will Generate New Growth Opportunities in Upcoming Year

Repositioning and Offloading Devices Market Overview

According to the latest research by Future Market Insights, the repositioning and offloading devices Market is set to experience 6% growth during the year 2021-2031.

Repositioning and offloading devices are particularly used for the treatment of diabetic foot ulcers.

These ulcers in the diabetic person are caused due to poor circulation in a particular area, hyperglycaemia or any nerve damage. During the treatment of diabetic foot ulcers, pressure modulation also known as offloading is used to mitigate the pressure from a particular area.

What is the Driving Demand for Repositioning and Offloading Devices

The main aim of offloading devices is to mitigate the pressure and promote healing. The drivers for this market can include the recurrence of ulceration in the diabetic foot.

The growth of this market is anticipated due to the rise in the prevalence of diabetes. According to research, diabetes-related foot ulceration (DFU) affects 26 million people annually worldwide and results in large mortality.

The increasing geriatric population are more prone to diabetes and DFU. According to a UN report, the geriatric population is expected to increase by 16% by 2050. This may act as a driver for the market. Apart from DFU, different pressure ulcers are caused majorly due to immobility. This is particularly seen in elderly people and patients with spine or back injuries.

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These injuries restrict the movement of the patient, due to which pressures are created on specific body parts.

The increase in the number of surgeries and the development of pressure ulcers will drive the market.

The repositioning devices are particularly used to move the patient from one place to another. This may include shifting them from one department o hospital to another. For example, shifting them from outpatient department to inpatient department or ICU. The rise in the prevalence of accidents and injuries drives this market.

Impact of Covid on Repositioning and Offloading Device Market

In March 2020, WHO declared the outbreak of Covid-19 as a pandemic. Like any other sector, the healthcare sector was also tremendously impacted by it.

Due to restrictions, the lifestyle of the people changes and became sedentary. This sedentary lifestyle has led to an increase in chronic disorders, diabetes and the occurrence of pressure ulcers.

To combat the deadly virus, the hospitals were asked only to perform essential surgeries. For the movement of patients post-surgery repositioning devices were used. Hence, COVID-19 had a positive impact on this market.

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Who are the Key Manufacturers and Suppliers of Repositioning and Offloading Devices

Some of the key players operating in the repositioning and offloading devices Market are

  • Mölnlycke Health Care AB
  • Beechfield Healthcare Ltd
  • Next Health
  • LLC
  • Sage Products LLC
  • Stryker
  • Seneca Devices Inc.
  • Guldmann
  • Hill-Rom Services
  • Frontier Medical Group
  • Walgreen Health Solutions
  • LLC Arjo
  • Next Health LLC.

Regional Demand Outlook for Repositioning and Offloading Devices

The repositioning and offloading devices market is dominated by North America with the US being the dominating country.

Also, the major manufacturing companies are present in this region. For instance, Next Health in partnership with McGowan Institute for Regenerative Medicine and University of Pittsburgh’s Human Engineering Research Laboratory (HERL) developed a zero lift transfer and repositioning system known as AgileLife Transfer & Mobility System.

This system approximately requires only 2 minutes to transfer the patient from bed to chair or vice versa.

This reduces the time required for transfer and makes it easy for caregivers. The other major country dominating this market in the UK. The prevalence of diabetes is increasing in the UK. According to a report by Diabetes UK, by 2030 5.5 billion people will have diabetes if proper measures are not taken.

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Followed by North America, Europe is expected to dominate the repositioning and offloading market. This is due to the growing obese population.

According to a report by Eurostat, in 2019, 53% of the population were overweight. Therefore, the growing obese population will drive the market.

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.

Repositioning and Offloading Devices 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

NOTE – All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.

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Key Segments

By Application:

  • Surgery
  • Diagnostics

By Product type:

  • Nonremovable knee-high offloading devices
    • total contact casts (TCCs)
    • Nonremovable walkers.
  • removable knee-high offloading devices
  • Air-assisted lateral transfer systems
    • single patient use air-assisted mattress system
    • reusable air-assisted mattress
  • Replacement Sliding sheets
    • Disposable Slide Sheets
    • Reusable Slide Sheets
  • Wheelchairs

By End-User:

  • Hospitals
  • Ambulatory care
  • Home care setting
  • Nursing homes

By Region:

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

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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Electric Vehicle Battery Market value expected to increase at CAGR of 8.5% during the forecast period (2017-2027)

FMI delivers key insights on the global electric vehicle battery market in its latest report titled “Electric Vehicle Battery Market: Global Industry Analysis and Opportunity Assessment 2017-2027.” The long-term outlook on the global electric vehicle battery market remains positive with the market value expected to increase at a CAGR of 8.5% during the forecast period (2017-2027). Among battery types, the lithium ion battery segment in the electric vehicle battery market is expected to expand at a CAGR of more than 9% in terms of value over the forecast period. The global electric vehicle battery market for passenger cars is estimated to be valued at US$ 31.7Bn by the end of 2027.  APEJ is estimated to account for a value share of 24% in the global electric vehicle battery market by the end of 2017, and is expected to dominate the market during the forecast period as well. In this report, FMI throws light on the drivers and restraints likely to impact the electric vehicle battery market during this period.

Growing Demand for Electric Vehicles and Advancements in Battery Technology Expected to Drive the Electric Vehicle Battery Market

In the current scenario pertaining to the automotive industry, improvements have been witnessed in the demand for vehicles run by some form of electric power, such as HEV, PHEV and BEV, with a higher working range. This demand from the end users has compelled traction battery manufacturers to focus more on increasing the energy density, which can provide a high travelling range. In addition, the demand for electric vehicles has also encouraged battery manufacturers to expand their production capacity, which also helps them maintain economies of scale and bring down their operational cost, thus decreasing the price of electric batteries. Moreover, the new technology battery has also decreased the per kilometer running cost of vehicles, which is encouraging the general population to change their preference from IC engine-driven vehicles to battery-driven vehicles.

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Electric Vehicle Battery Market: Segmentation Analysis

The electric vehicle battery market is segmented on the basis of battery type, battery capacity, vehicle type, and vehicle technology.

  • Lithium ion battery is expected to continue to dominate the market in terms of volume and value over the forecast period. The lithium ion battery sub-segment of the electric vehicle battery market is estimated to grow at a significant CAGR of 9.4% over the forecast period. It is expected to represent a total incremental opportunity of US$ 13.8 Bn between 2017 and 2027 in the electric vehicle battery market. The nickel hydride battery is projected to grow at a relatively low CAGR as compared to the lithium ion battery over the forecast period
  • Hybrid electric vehicles are projected to be the most prominent vehicle technology in the electric vehicle battery market. The hybrid electric vehicle segment is estimated to grow at a significant CAGR in terms of value over the forecast period in the electric vehicle battery market
  • The passenger car segment is the most prominent vehicle type segment in the electric vehicle battery market. It is estimated to hold more than 80% of the electric vehicle battery market.

Electric Vehicle Battery Market: Regional Market Projections

The electric vehicle battery market in Asia Pacific Excluding Japan (APEJ) is expected to represent a significantly high incremental opportunity between 2017 and 2027. The electric vehicle battery market in APEJ is expected to represent a total incremental opportunity of US$ 6.9 Bn between 2017 and 2027.

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Electric Vehicle Battery Market: Participants

This report highlights some of the top companies operating in the electric vehicle battery market, which include Automotive Energy Supply Corporation; Panasonic Corporation; BYD Company Limited; GS Yuasa Corporation; LG Chem Ltd.; Samsung SDI Co., Ltd.; Tesla Motors, Inc.; Hitachi Chemical Company, Ltd.; Narada Power Source Co. Ltd.; Johnson Controls International Plc.; Tianneng Power International Co., Ltd.; Crown Battery Corporation; Furukawa Electric Co., Ltd.; EnerSys, Wanxiang Group Corporation; East Penn Manufacturing Co.; Toshiba Corporation and Leoch International Technology Ltd., among others.

Key segments covered in electric vehicle battery market report

On the basis of battery capacity, the electric vehicle battery market can be segmented into:

  • Less than 20 kWh
  • 21-40 kWh
  • More than 41 kWh

On the basis of vehicle technology, the electric vehicle battery market can be segmented into:

  • HEV
  • PHEV
  • BEV

On the basis of vehicle type, the electric vehicle battery market can be segmented into:

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
  • Others

On the basis of battery type, the electric vehicle battery market can be segmented into:

  • Lithium Ion
  • Lead Acid
  • Nickel Hydride
  • Others

On the basis of region, the electric vehicle battery market can be segmented into:

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

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Additional questions answered

The report also provides answers to other important questions related to electric vehicle battery market, such as –

  • Why sales of electric Lithium Ion electric vehicle battery are outpacing other types of electric vehicle battery?
  • How many units of less than 20 kWh electric vehicle battery will be sold by 2027-end?
  • Which vehicle type will hold largest volume share of the electric vehicle battery market?
  • By what rate is hybrid electric vehicle battery sale is growing during the forecast period?
  • What will be the growth rate of electric vehicle battery market in APEJ?

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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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Lupus Anticoagulant Testing Market 2022 Outlook, Current and Future Industry Landscape Analysis 2029

Lupus Anticoagulant Testing Market OverviewLupus anticoagulants (LA) are antibodies directed against phospholipid-binding proteins that prolong phospholipid-dependent coagulation assays. Lupus anticoagulant testing is a special blood test to find out if certain antibodies or proteins that cause blood-clotting disorders are present. Persistent lupus anticoagulant testing positivity is a risk factor for the occurrence and recurrence of venous/arterial thromboembolism and/or pregnancy morbidity and qualifies the patient for lupus anticoagulant testing. The antibodies to be tested are present in about 2-4% of the general population and may develop in people with no known risk factors. Initial lupus anticoagulant testing typically involves one or more tests that depend on phospholipid-containing reagents, usually partial thromboplastin time (PTT), the LA-sensitive PTT (known as PTT-LA) or dilute Russell viper venom test (DRVVT). The undiagnosed patients are at a constant risk of developing antiphospholipid syndrome, a disease that provokes blood clots in arteries and veins.

Lupus Anticoagulant Testing: Market Drivers and Restrains

Recurrent thrombosis in patients with blood disorders is expected to rise the demand for lupus anticoagulant testing. According to NIH, it is estimated that 20 percent of individuals younger than age 50 who have a stroke have antiphospholipid syndrome which would rise the size of lupus anticoagulant testing market with rising awareness. Blood disorders like anemia and bleeding disorders such as hemophilia, blood clots, and blood cancers such as leukemia, lymphoma, and myeloma are on rise. Von Willebrand disease (VWD) is a bleeding disorder in which blood doesn’t clot properly. Between 2012 and 2016, more than 14,600 men, women, and children were seen at hemophilia treatment centers for treatment of VWD in the U.S which is expected to increase the demand for lupus anticoagulant testing. The number of traumatic injuries and wounds are on a rise which could be a reason for rising number of lupus anticoagulant testing done annually to confirm blood disorders.

Lupus Anticoagulant Testing Market: Overview

The lupus anticoagulant testing market is structured differently depending on the regions. North America and Europe has a number of diagnostic laboratories to avail for lupus anticoagulant testing. On the other hand, the existence of the condition is not known. The dependence on hospitals for primary blood related disorders in remote rural areas in Asia-Pacific and African countries is not observed in the developed lupus anticoagulant testing markets. Blood clots observed in patients with blood related cancers such as leukemia, lymphoma, and myeloma are expected to fuel the demand for lupus anticoagulant testing.

Lupus Anticoagulant Testing Market: Region-wise Outlook

Globally, North America is anticipated to be the largest contributor of lupus anticoagulant testing market.  Increase in epidemics related to bleeding disorders in low-income countries contribute to the lupus anticoagulant testing market. East and South Asia is anticipated to be the second largest market in lupus anticoagulant testing. Europe will also contribute generously to lupus anticoagulant testing market with rising healthcare spending on diseases related to lupus anticoagulant testing market. Middle East & Africa lupus anticoagulant testing market growth is hindered due to high poverty in the region coupled with lower GDP to healthcare spending ratio and lack of healthcare infrastructure.

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Lupus Anticoagulant Testing Market: Key Players

Some of the key players present in global lupus anticoagulant testing market include Becton Dickinson, Abbott, AstraZeneca plc, F. Hoffmann-La Roche Ltd, Vertex Pharmaceuticals Inc, Novartis AG, Boehringer Ingelheim GmbH, Mylan N.V. and leading diagnostic laboratories within respective countries. With active mergers and acquisitions, the lupus anticoagulant testing market is changing the structure and presence of various small players active in the lupus anticoagulant testing market.

The report covers exhaustive analysis on:

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

The regional analysis includes:

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

Lupus Anticoagulant Testing Market: Segmentation

Lupus Anticoagulant Testing Segmentation by Test Type:

  • Prothrombin Time (PT)
  • Activated Partial Thrombopl Time
  • Dilute Russells Viper Venom Time
  • Coagulation Factor VIII Assay

Lupus Anticoagulant Testing Segmentation by End User:

  • Hospitals
  • Clinics
  • Diagnostic Laboratories
  • Online Pharmacy

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

Gasoline Direct Injection Market is estimated to grow exponential rate of over 14% through the forecast period 2021 – 2031

The demand for highly fuel-efficient automotive systems and increasingly stringent emission standards implemented by governments around the world drives the growth of the gasoline direct injection market. The market is estimated to grow at an exponential rate of over 14% through the forecast period 2021 – 2031.

Adoption of gasoline direct injection systems can be largely accounted for by commercial and passenger vehicles, with major manufacturers such as Ford, BMW, Daimler, and more incorporating relevant technologies in mid to high end gasoline vehicles.  Major market players are focused on research towards technology improvements.

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Fuel injector systems are estimated to hold major market share owing to the demand for high levels of precision for efficient fuel combustion. Improved control over exhaust emissions and air-fuel mixtures, and real-time monitoring of fuel regulators in terms of delivery pressure will contribute to demand in the long term. This is especially true with the increased incorporation of electronic control units in the automotive sector.

Developments in the industry covering flexibility in multiple input and output channels for better signal transfer will aid in the proliferation of gasoline direct injection systems. Particulate emission reduction research will also gain ground in the near future.

Despite high demand in the industry, market players face a number of challenges that could impact sales and revenue in the coming decade. For instance, gasoline direct injection systems are relatively cost-prohibitive owing to the use of high-pressure parts in the system. Furthermore, post combustion particulate emissions remain a challenge for manufacturers. Also, the growing popularity of electric vehicles in the automotive sector is an obstacle that is likely to hinder sales and revenue generation in the market in terms of long-term market prospects.

Key Takeaways in the Gasoline Direct Injection (GDI) Market Study

  • The global gasoline direct injection market will rise at around 14% CAGR between 2021 and 2031.
  • Rapid growth of automotive production rates in China and India, drives a relatively higher rate of growth in the industry of the Asia Pacific excluding Japan market.
  • Steady rise in volume of vehicle production and growing focus on maintenance and aftermarket services have been driving growth in the United States.
  • Following a moderate slump, sales are expected to recover in the Germany and France markets, driven by high fuel economy technologies.
  • Strict implementation of stage 6 emission standards in terms of new vehicle registrations drive adoption and sales of gasoline direct injection technologies in the United Kingdom.

“The global gasoline direct injection (GDI) system market is projected to witness a high growth rate during the forecast period owing to benefits such as improved engine performance, engine downsizing, high fuel efficiency, thermal efficiency, and major reductions in emission volumes, which will continue to gain traction with the imposition of increasingly stringent regulations,” says the FMI analyst.

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Key Segments

Stroke Type

  • 2 Stroke
  • 4 Stroke

Vehicle Type

  • Compact Vehicle
  • Mid-Sized Vehicle
  • Premium Vehicle
  • Luxury Vehicle
  • Commercial Vehicle
  • Heavy Commercial Vehicle

Sales Channel

  • OEM
  • Aftermarket

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Who is Winning?

The global gasoline direct injection market is moderately fragmented with a number of regional players contributing to the industry. Major players in the market are likely to invest extensively in new technologies and research & development efforts to consolidate their market position.

The gasoline direct injection market is expected to grow exponentially during 2021 to 2031. As a rapidly growing market, companies are likely to gain impetus from changes arising from strict emission standards and regulations being implemented around the world.

Some of the leading players include but are not limited to Delphi Automotive Plc, Continental AG, Renesas Electronics Corporation, Magneti Marelli S.p.A., Denso Corporation, Robert Bosch GmbH, Infineon Technologies AG, Eaton Corporation Plc., TI Group Automotive Systems, LLC, and STMicroelectronics NV.

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Car Security System Market: The car security system market is expected to reach a valuation of US$ 7.60 Billion by 2021, according to the latest insights by Future Market Insights (FMI). The overall sales is expected to grow at a CAGR of 5.8% between 2021 and 2031.

Electric Scooters Market : Growing environmental concerns, coupled with demand for reduced costs of commute, easy commutation, and emission control are primary factors encouraging the adoption of electronic vehicles across the world. These factors also will enable the electric scooters sales to total US$ 8.8 Bn in 2021.

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.

Contact

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
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Automotive Airbag Market project a growth at 3.60% CAGR over the forecast period of 2021 and 2031

ESOMAR-certified consulting firm Future Market Insights’ report on global automotive airbag market project a steady growth at 3.60% CAGR over the forecast period of 2021 and 2031. Growing usage of curtain airbags is increasing the demand for automotive airbags across the globe.

Demand for automotive airbags is rising extensively in emerging economies as the consumers in these regions are becoming more aware for the vehicle safety. Burgeoning sales of passenger vehicles across the globe have also augmented the demand of automotive airbags.

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As per the FMI’s analysis, due to the outbreak of coronavirus, sales of automotive airbags declined by -8% in 2020. However, recovery in automotive industry and recommencement of automotive production & manufacturing companies across the globe have improved the market growth.

Government increasing funding and initiatives towards the safety of vehicles have compelled the manufacturers to increase the usage of curtain airbags in all types of vehicles. Stringent regulations for the vehicle safety across the U.S., Germany, India and the U.K. is also expected to improve the adoption of automotive airbags over the coming years.

According to the FMI’s analysis, the global automotive airbags market reached a valuation of US$ 18.5 Bn, registering the sales of 370 Mn automotive airbags units in 2021.

Key Takeaways from FMI’s Automotive Airbag Market Study

  • By vehicle type, passenger cars will emerge as primary automotive airbag end-users, accounting for 77% market share.
  • In terms of sales channel, original equipment manufacturers segment is likely to emerge as the most lucrative segment
  • In terms of yarn type, Nylon-based airbags are the most preferred choice due to their better physical properties as compared to the polyester based airbags
  • Neoprene coated airbags will account for more than 70% of global market share during the forecast period
  • Japan and South Korea will collectively account for over 16% of global market share over the forecast period
  • Germany and the U.K. are anticipated to lead the Europe’s automotive airbag market, exhibiting the growth at 3.50% CAGR

“Increasing adoption of passenger cars and inclusion customized curtain airbags in vehicles are broadening expansion prospects for the market players. Technological advancement and high investment in research & development activity for the development of advanced airbags safety systems will create lucrative opportunity for the growth of the market,” says the FMI analyst. 

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Competitive Landscape

Autoliv Inc., Toyobo Co. Ltd., Takata Corp., Hyosung Co., Daicel Corp., Wacker Chemie AG, Denso Corp., Delphi, Hyundai Mobis Co. Ltd., Nihon Plast Co. Ltd., and Toyoda Gosei Co. Ltd are some prominent players operating in the automotive airbag market.

As per the FMI’s analysis, the market is consolidated with top 5 players dominating the automotive airbag market, accounting for over 70% of market share. Top 5 players include, Autoliv, ZF, Toyoda Gosei, Joyson Safety Systems, and Nihon Plast.

Automotive airbag Market by Category

By Vehicle Type:

  • Passenger Car
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

By Product Type:

  • Driver Airbag
  • Passenger Airbag
  • Side Airbag
  • Curtain Airbag
  • Knee Airbag
  • Other Airbags

By Coating Type:

  • Neoprene
  • Silicone
  • Non-Coated

By Yarn Type:

  • Nylon
  • Polyester

By Sales Channel:

  • Original Equipment Manufacturers (OEMs)
  • Aftermarkets

By Region:

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • Asia Pacific excluding Japan
  • Japan
  • Middle East and Africa (MEA)

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Key Points Covered in Automotive Airbag Market Study

  • Market estimates and forecast 2021-2031
  • Key drivers and restraints impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Automotive Airbag Market and How to Navigate
  • Recommendation on Key Winning Strategies

Top Reports Related To Automotive Market Insights

Automotive Pump Market : The automotive pump market is expected to witness a significant growth in 2021, thanks to the implementation of various carbon emission norms across various countries. A study by Future Market Insights (FMI) on automotive pump market has forecast it to reach US$ 106.0 Mn by the end of 2031, growing at a CAGR of 6.1% over the forecast years (2021-2031).

Aircraft Cabin Interior Market : According to Future Market Insight’s (FMI), the global aircraft cabin interior market is forecast to grow at 2.70% in 2021, overcoming the uncertainty about market recovery and performance during a global pandemic. FMI also predicts that the aircraft cabin interior market will exceed the overall market valuation of US$ 14.5 Bn by the end of 2021.

Electric Bike Market : FMI delivers key insights on the global electric bike market in its latest report titled “Electric Bike Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027.” The long-term outlook on the global electric bike market remains positive with the market value expected to increase at a CAGR of 3.1% during the forecast period (2017-2027).

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.

Contact

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
Report: https://www.futuremarketinsights.com/reports/automotive-airbag-market
Press Release Source: https://www.futuremarketinsights.com/press-release/automotive-airbag-market

Hopper Loader Market Insights, Deep Analysis of Key Vendor in the Industry 2022-2030

Hopper Loader Market: Introduction and DefinitionHopper loader are also known as vacuum loader, which are used for material feeding applications at the process machinery. Hopper loaders are used to convey materials such as Master batch or additives in granule form. Hopper loader are of two type’s namely single phase hopper loader and three phase hopper loader. Hopper loader are often used in process industries such as plastic material treatment to handle bulk material. They are constructed by mild steel or stainless steel to prevent corrosion.

The key applications of hopper loader are granules conveying, powder conveying, food product conveying and small chip conveying. The process of loading is done automatically by the hopper loader, helps in reducing labor cost, enhance the safety of worker and reduce material spillage. All these factors are responsible for fueling the global market of hopper loader.

New technological advancements has been adopted by the research and development center for the construction of hopper loader, which includes clear glass center section to observe the operation clearly. Flat bottom type hopper loaders are introduced, which do not propel on the surface of container where they are mounted.

Hopper Loader Market: Market dynamicsThe adoption of brushless hopper loader over brushes hopper loaders is driving the growth of hopper loader market as they work 4-5 times longer than the counterpart. Gravimetric hopper loaders are introduced in the market, which reduces the cost of loading, avoid material spillage, easy to access, sustainable and have online monitoring system. All these advances are responsible for fueling the growth of global hopper loader market.

Growing number of plastics and other manufacturing industries leads to the increasing demand for hopper loader for the conveyance of plastic resin, which is expected to fuel the growth of hopper loader global market. Some of the key factor which are responsible for the fueling the growth of hopper loader market are energy efficiency of loader, easy installation, fitting customization, lowered material cost and high plant efficiency.

Stainless steel is used for the manufacturing of hopper loader, which intend to increase the lifetime of the system. Currently, hopper loaders are controlled with automatic filter cleaning to maintain constant vacuum inside it, which intend to reduce the labor cost and is responsible for the growth of hopper loader market as it become economically feasible.

Hopper Loader Market: Regional OutlookThe growth of market of hopper loader is high in developed region such as North America and Western Europe owing to the presence of large number of food and beverages and chemical industries in these areas. The countries of Asia such as India, China and Indonesia will have high demand for hopper loader market as in this region there is existence of large number of plastic, pharmaceutical and food and beverages industries.

The Latin American countries such as Brazil and Argentina will play significant role in the adoption of hopper loaders due to rising investment in end user industries such as food and beverages, and pharmaceutical.

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Hopper Loader Market: Key Market ParticipantsExamples of market participants of global hopper loader market include some companies which are listed below:

  • AB Systems
  • NOVATEK
  • Piovan Group
  • Jenco Controls &Export Ltd
  • SUMMIT SYSTEMS
  • Simar GmbH
  • Goessling USA, INC.
  • CLEANTEK
  • RENMAR Plastics Machinery
  • BUDZAR Industries Inc.
  • Advanced Auxiliary Equipment, Inc.
  • Movacolor
  • Conair
  • Labotek

The hopper loader market research report presents a comprehensive assessment of the hopper loader 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 hopper loader market research report provides analysis and information according to market segments such as geographies, material type, internal diameter size, well type and application.

The hopper loader market 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, Nordics)
  • Eastern Europe (Russia, Poland, CIS)
  • Asia-Pacific (China, India, ASEAN, South Korea)
  • Japan
  • Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

The hopper loader market 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 hopper loader market report also maps the qualitative impact of various market factors on market segments and geographies.

Hopper Loader Market: Segmentation

The global market of hopper loader can be segmented on the basis of product type, end user industry, motor type, motor output and volume capacity

On the basis of product type, the global market of hopper loader can be segmented as:

  • Single phase hopper loader
  • 3-phase hopper loader

On the basis of end use industry, the global market of hopper loader can be segmented as:

  • Plastic Industries
  • Chemical Industries
  • Food Industries
  • Pharmaceutical Industry
  • Other Manufacturing Industries

On the basis of motor type, the global market of hopper loader can be segmented as:

  • Brush type motor
  • Brushless type motor

On the basis of motor output, the global market of hopper loader can be segmented as:

  • 0 – 2  kW
  • 2 – 4 kW
  • 4 – 6 kW
  • 6 – 8 kW
  • 8 – 10 kW
  • Above 10 kW

On the basis of volume capacity, the global market of hopper loader can be segmented as:

  • 0 – 20 L
  • 20 – 50 L
  • 50 – 100 L
  • 100 – 150 L

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

Electric Scooters Market will reach US$ 8.8 Bn in 2021, leading to expansion at a healthy 9% CAGR between 2021 and 2031

ESOMAR-certified consulting firm Future Market Insights’ (FMI) recent market survey forecasts sales of electric scooters to continue increasing between 2021 and 2031. As per the report, the market will reach US$ 8.8 Bn in 2021, leading to expansion at a healthy 9% CAGR.

Growing environmental concerns, coupled with demand for reduced costs of commute, easy commutation, and emission control are primary factors encouraging the adoption of electronic vehicles across the world. These factors also will enable the electric scooters sales to total US$ 8.8 Bn in 2021.

Growth forecasts remain positive for the market. While hindrances were likely amid COVID-19 induced restrictions, sales will recover at an impressive pace. FMI also forecasts the market to exhibit 5.5% year on year growth in 2021.

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Increasing government-backed subsidies and rising concerns regarding decarbonization will spur demand for electric scooters in the upcoming years. Rapid urbanization, coupled with growing population across the globe is fueling sales of electric scooters.

Growth prospects remains positive for upcoming years, with leading manufacturers launching hybrid and technologically advanced models of electric scooters, catering to rising consumer demand. As per FMI, the top players in the market will account for 55% of sales in 2021.

Increasing efforts to curb carbon emissions and to reduce high congestion in roads in developing countries such as the U.S. and the U.K. are boosting adoption of three-wheeled electric scooters. Convenience, stability and easy mobility offered by electric scooters is augmenting adoption in university campuses and neighborhoods increasingly.

Additionally, in emerging economies, growing preference for two-wheeler and three-wheeled electric scooters is gaining immense traction. Easy accessibility, low-costs and increased navigational abilities offered by electric scooters will keep demand for electric scooters afloat in countries including China, India and Mexico.

“Rising concerns pertaining to carbon emission and rapid urbanization will spur demand for electric scooters through the assessment period. Government initiatives to encourage the adoption of electric vehicles across the globe will emerge as chief driving factor,” says an FMI analyst.

Key Takeaways from Electric Scooters Market Analysis

  • Lithium-ion batteries will dominate the battery type segment throughout the forecast period.
  • Maxi electric scooter sales will witness high demand, owing to features such as stability and durability.
  • Based on technology, battery-equipped electric scooters will account for maximum sales in the market.
  • The U.S is anticipated to experience increasing demand for three-wheeled electric scooters in the upcoming years.
  • Sales outlook in the U.K. appears to be positive with increasing adoption in tourist mobility.
  • India will provide lucrative opportunities for market expansion to global players, owing to government subsidies prompting adoption of electric scooters.
  • Japan and South Korea will collectively account for 8.7% of the market share.

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Competitive Landscape

Alta Motors, Ather Energy, Bajaj Auto, BMW Motorrad International, Cezeta, Energica Motor Company, Evoke Motorcycles, Hero Eco, Johammer e-mobility GmbH, KTM AG, Mahindra GenZe, Ninebot Limited, Okinawa Autotech Pvt. Ltd., Piaggio & C. SpA, ReVolt Electric Motorbikes, Xiaomi, and Yamaha Motor Company Limited are among the top manufacturers of electric scooters, as profiled by FMI.

Top electric scooter manufactures are emphasizing research and development to incorporate technological advancements in electric scooters to establish themselves as prominent players in the market. Facility expansions and new vehicle launches will remain key strategies leveraged by manufacturers in the market. For instance:

  • In June 2021, Piaggio revealed technical specifications for its latest electric scooter known as ‘One’. The e-scooter will be launched in three variants, One, One+, and One Active, with a digital instrument panel and removable battery system.
  • In July 2021, Xiaomi launched new Ninebot C30 electric scooter in China for teenagers and young adults looking for affordable and light-weight vehicles for easy navigation in Chinese suburbs.

Electric scooters Market by Category

By Product Type:

  • Standard
  • Folding
  • Self-Balancing
  • Maxi
  • Three-Wheeled

By Battery Type:

  • Li-Ion
  • NiMH
  • Lead-Based

By Technology:

  • Plug-In
  • Battery

By Region:

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

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Table Of Content

  1. Executive Summary
  2. Market Introduction

2.1. Market Definition

2.2. Market Taxonomy

2.3. Electric Vehicles Market Overview

  1. Global Electric Scooters Market Analysis Scenario

3.1. Market Volume Analysis

3.1.1. Installed Base By Region

3.1.2. Replacement Rate and Cost Tear Down Analysis

3.2. Pricing Analysis

3.2.1. Pricing Assumptions

3.2.2. Price Projections Per Region

3.3. Market Size (US$ Mn) and Forecast

3.3.1. Market Size and Y-o-Y Growth

3.3.2. Absolute $ Opportunity

3.4. Market Overview

3.4.1. Value Chain

3.4.2. Profitability Margins

3.4.3. List of Active Participants

3.4.3.1. Component Suppliers

3.4.3.2. Manufacturers

3.4.3.3. Distributors / Retailers

  1. Market Dynamics

4.1. Drivers

4.2. Restraints

4.3. Opportunity

4.4. Trends

4.5. Forecast Factors – Relevance and Impact

Key Points Covered in Electric Scooters Market Survey

  • Market estimates and forecast 2021-2031
  • Key drivers and restraints impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Electric Scooters Market and how to Navigate
  • Recommendation on Key Winning Strategies

Top Reports Related To Automotive Market Insights

Automotive Pump Market : The automotive pump market is expected to witness a significant growth in 2021, thanks to the implementation of various carbon emission norms across various countries. A study by Future Market Insights (FMI) on automotive pump market has forecast it to reach US$ 106.0 Mn by the end of 2031, growing at a CAGR of 6.1% over the forecast years (2021-2031).

Aircraft Cabin Interior Market : According to Future Market Insight’s (FMI), the global aircraft cabin interior market is forecast to grow at 2.70% in 2021, overcoming the uncertainty about market recovery and performance during a global pandemic. FMI also predicts that the aircraft cabin interior market will exceed the overall market valuation of US$ 14.5 Bn by the end of 2021.

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.

Contact

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
Report: https://www.futuremarketinsights.com/reports/electric-scooters-market
Press Release Source: https://www.futuremarketinsights.com/press-release/electric-scooters-market

Ammonium Sulphate Market Registers Growth amid Increasing Application in Pharmaceutical Sector: FMI

The demand for ammonium sulphate has been increasing significantly with rising demand of protein purification for production of insulin across the globe, according to ESOMAR-certified Future Market Insights’ (FMI) latest research report.

Protein purification by precipitation can be performed for bulk protein synthesis and is quite inexpensive in comparison to other purification methods. Growing demand for protein purification by precipitation will fuel the ammonium sulphate market growth.

According to a report published by the World Health Organization (WHO), around 1.5 Mn people died from diabetes. Also, premature mortality rate due to diabetes is high in low and middle income countries. Unprecedented rise in diabetic patients has increased the demand for manufacturing of insulin and other biopharmaceutical drugs. Insulin is produced by protein purification which requires ammonium sulphate as a precipitating agent.

Ammonium sulphate experienced a surge in demand during the Covid-19 pandemic. Regular surface disinfecting was made necessary during pandemic in order to break the viral transmission leading to surging demand of disinfectants.

Ammonium sulphate is an excellent surface disinfectant and is used in majority of disinfectants. With rise in demand for disinfectants a reasonable growth in ammonium sulphate market was observed throughout the 2020.

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Key Takeaways from FMI’s Ammonium sulphate Market Study

  • Rapid development in vaccine and surge in demand for disinfectants in U.S will bolster demand across the country.
  • The U.K is expected to offer growth opportunities as governments and private organizations are working towards implementing ammonium sulphate in water filtration and treatment processes.
  • Rising demand for legumes and pulse cultivation will increase ammonium sulphate adoption across Germany.
  • Sluggish growth can be experienced in China due to implementation of “Zero Increase of Fertilizer Use” program, and increasing adoption of organic fertilizers.
  • India is expected to exhibit impressive market growth owing to increase in population and rising efforts towards becoming self reliant in fertilizers production.

“Rising government efforts towards spreading awareness regarding proper use of nitrogenous fertilizers will amplify sales of ammonium sulphate during the forecast period,” says the FMI analyst.

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Competitive Landscape

Some of the companies profiled by FMI include Koninklijke DSM N.V. (Fibrant), JSC KuibyshevAzot, UBE Industries, Ltd., Toray Industries Inc., China Petrochemical Development Corporation, China Petroleum & Chemical Corporation (Sinopec Corp.), JSC “Grodno Azot”, Grupa Azoty, Domo Chemicals and Gujarat State Fertilizers & Chemicals Ltd.

Ammonium sulphate market is highly consolidated owing to presence of large number of market players. Global leaders in ammonium sulphate market are focusing towards investing in new technologies for high production rate at minimum possible cost.

They are also showing inclination towards strategic merger and acquisition and forming a long term partnership with regional distributors to strengthen their supply chain channels.

For instance:

  • Ube Industries joined hands with a consortium of companies on March 12, 2021, to co-develop the supply of ammonia marine fuel and build modern fueling stations in Japan. The consortium members included Itochu Corporation, Itochu Enex Co., Ltd.), and Uyeno Transtech Co., Ltd with Ube Industries.

Ammonium Sulphate Market Segments

By Production Process

  • Caprolactam
  • Coke Oven Gas
  • Gypsum
  • Neutralization & Others

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More Insights on the Global Ammonium sulphate Market

In its latest report, FMI offers an unbiased analysis of the global ammonium sulphate market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of production process and region.