The US to Stay the Dominant in Shale Gas Hydraulic Fracturing Market Throughout the Next Decade

Shale gas hydraulic fracturing is a mainstream shale gas generation process that includes extraction of trapped natural gas or oil by breaking the shale rock, in the long run improving the progression of natural gas or oil that should be recouped. In spite of the fact that the costs of natural gas have been seeing a moderate decay since the ongoing past, the genuine lift to the market in the US is being given by more prominent comfort of shale gas production by hydraulic fracturing contrasted with that through the traditional strategy. Conversely, overwhelming utilization of water amid shale gas generation through hydraulic fracturing might end up remaining a significant challenge to the development of this procedure. In addition, both transportation and production of shale gas will in general discharge a load of harmful contaminations in underground water that is another aspect that will keep on holding a solid negative effect on market development in not so distant future.

The present reality is reliant more on offbeat energy resources, including shale gas. It is assumed that before the finish of 2027, the advancement of shale gas in the foremost regions worldwide, for example, China and North America, will increase vigorous footing in the coming decade, arriving at a pinnacle level. The US is probably going to get innovative prospects and promising conditions for players, attributable to expanding the utilization of generally less expensive energy resources. This market is anticipated to lead the worldwide business for shale gas based on sales and as of now holds more than two-thirds of the market in volume and value terms. The strength of the US in shale gas hydraulic fracturing hence reforms North America’s general energy landscape and holds a solid effect on the worldwide energy domain.

The US in this way will keep on prevailing upon different markets inferable from the existence of most extreme recoverable stores of natural gas. Moreover, frequent technological developments, especially in the US market for shale gas making, are likewise said to furnish this market with a significant push. The US will stay prevailing based on export, production, development, exploration, and technology of shale gas, the US will be the worldwide pioneer all through 2017-2027. The generation of shale gas through hydraulic fracturing is likely to stay the most prominently utilized, gainful procedure to deliver shale gas.

As opposed to sliding natural gas costs in recent years, more prominent convenience of the fracturing procedure assumes a pivotal job in expanding the implementation of hydraulic fracturing procedures for the extraction of shale gas. Conversely, there are sure hindrances to the development of the US shale gas hydraulic fracturing market that might impede the development in not so distant future. A couple of them incorporate powerful water utilization levels amid hydraulic fracturing procedure and outflow of a wide scope of unsafe poisons in underground water, the two of which are not adequate by the environmental perspective.

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Rising Popularity of Tinnitus & an Increasing Worldwide Geriatric Population to Drive the Market Growth

Tinnitus is the third most regular issue predominant in the worldwide populace. It has been assessed that 10%-15% of grown-ups globally experience the ill effects of delayed tinnitus that necessitates medical assessment. Roughly, seventy-five percent of patients who experience tinnitus are not inconvenienced by it. On the other hand, for the rest of 25%, tinnitus significantly affects their day to day life. According to the assessments in the research completed by the Chinese Federation of People with Disabilities, around 130 million Chinese go through buzzing or ringing sounds in their ears. Consequently, the expanding commonness of tinnitus around the world is probably going to boost the development of the tinnitus management market over the years to come.

The geriatric populace of the world is developing quickly and this makes a tremendous potential for the development of the worldwide hearing aids market. Maturing is a prevalent factor for hearing loss along with with other hearing concerned issues. As per the United Nations Department of Economics & Social Affairs, the figure of old (65 & >65 years) was 841 Mn in the year 2013 that is multiple times higher than the figures of the geriatric populace in 1950. The geriatric populace is anticipated to significantly increase in figure and outperform the 2 billion imprint by 2050. Remembering these figures, almost 33% of the populace matured 70 years or more report noteworthy issues identified with tinnitus that is probably going to support the development of the tinnitus management market throughout the following decade.

The expense of novel advancements for sound masking devices and hearing aids in rising economies is fundamentally lower as contrasted and emerged markets of Europe and North America. Then again, a huge populace base dwells in India and China experiencing tinnitus, however, has a low implementation pace of gadgets for the tinnitus treatment. The expansion in the implementation of such gadgets combined with the quick development of most recent healthcare advancements in such rising economies is anticipated to fuel the development of the tinnitus management market over the years to come.

The predominance of hearing hindrance is expanding exponentially everywhere throughout the world. According to the information provided by the World Health Organization (WHO), the pervasiveness was 5.3%, or around 360 Mn individuals during 2012. Out of those influenced, 91% were grown-ups and 9% were youngsters. Roughly 33% of individuals beyond 65 years old are influenced by hearing disability. Also, the commonness of hearing impedance in individuals more than 65 years old is most noteworthy in South Asia, Asia Pacific, and sub-Saharan Africa. This likewise introduces a lucrative prospect for the worldwide market for tinnitus management.

There has been a noteworthy change in the inclinations of patients towards implementing advanced and innovative technologies, for example, mobile applications and other hearing aid accessories since the ongoing past. For instance, Starkey Hearing Technologies introduced the True Link mobile application, which upgrades the hearing experience and could connect effectively to iPad Touch, iPad, and iPhone through the app. This application likewise enables the clients to make telephone calls, tune in to music, watch videos and offers a progressively streamlined hearing experience in incredible sound quality.

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Fast Adoption of Energy Effective Electronic Devices Adding to the Power Management Integrated Circuits Market Growth

The need for power management integrated circuits (PMIC) is increasing persistently because of the expanding need for consumer electronic gadgets, for example, smart TVs, tablets as well as smartphones, in the majority of the growing and established economies. An extreme ascent in the utilization in addition to cost of energy globally has constrained customers to save energy and devise techniques to limit the ecological effects brought about via carbon outflows. Because of this, the need for power-saving electronic items has expanded, which is boosting the development of the PMIC market. In addition, the power management integrated circuits market is likely to pick up footing over the years to come as a result of an expansion in the need for PMICs for employ in the battery-controlled gadgets utilized in the telecommunication as well as healthcare sectors.

The power management integrated circuits are widely applicable in various segments such as communication equipment, automotive, industrial & personal electronics and enterprise systems. Because of an expansion in the figure of electric vehicles, the automotive fragment is anticipated to make potential development prospects for the merchants of power management integrated circuits. Power management integrated circuits are utilized in electric vehicles to oversee extraordinary battery voltage changes, extend the battery life of vehicles, support system security functions and incorporate mobile technologies with vehicles. Besides, the need for PMICs is rising constantly because of the expanding need for consumer electronic devices, for example, smart TVs, tablets as well as smartphones, in different regions.

The implementation of advanced and next-generation technologies, for example, Internet of Things (IoT), 5G wireless, carrier-grade Wi-Fi and sensors & modules, in production procedures is picking up footing. Because of these aspects, the automotive sub-fragment is anticipated to make a steady incremental prospect during the conjectured time frame. Likewise, the automotive sector is moving towards cutting edge vehicle advances, for example, vehicle-to-vehicle communication, electric vehicles, driverless vehicles along with others.

Power management integrated circuits are utilized in different fields, for example, and transportation systems, power generation systems,  factory automation, industrial motion control, along with others, as power management devices, provide effective power transfer amid gadgets. Today, businesses in nations, for example, the U.K., France, the U.S., Germany, China, and India, are moving towards digitization as well as are making perfect conditions for automation & manufacturing.

Power management integrated circuits (PMICs) are utilized in data communication systems, personal desktops, laptops in addition to different electronic gadgets to enhance energy effectiveness as well as for the streamlined change of voltage starting with one level then onto the next. Power management integrated circuits are seeing a noteworthy implementation all over the world because of the expanding utilization of buyer electronic gadgets, for example, computers, laptops as well as connected devices, in nations, for example, India, China, Singapore, Japan, Poland, United Arab Emirates (UAE), the U.K., Russia and Germany, which is a foremost aspect fueling the Power management integrated circuits (PMICs) market.

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Partners Innovate Subsisting Products to Gain Competitive Advantage in the Vulcanization Accelerators Market

Vulcanization of rubber by sulfur entirely is a tedious procedure, bringing about poor mechanical attributes because of the oxidative debasement of rubber. Therefore, vulcanization quickening agents are progressively being embraced in the rubber sector to support the procedure with insignificant elastic debasement. Vulcanization quickening agents, for example, thiazoles, make sulfur bridges amid singular polymer particles when being warmed with rubber. Likewise, vulcanization accelerators carry on as sulfur contributors, enabling vulcanization to advance at small sulfur capacity.

Thiozoles rush the cross-holding response among rubber and sulfur happening at the carbon-carbon twofold bonds (C=C) in unreasonable measures of sulfur. In that capacity, thiozoles lessen the measure of sulfur necessitated to cross-interface polymers, amending the toughness of the vulcanized rubber. Thiozoles, together with trace amounts of fundamental accelerators – diorthotolyl guanidine (DOTG) and diphenyl guanidine (DPG), improves cure speed, crosslink density, and scorch delay. All things considered, the resilience and tensile attributes of the cured rubber are bettered.

Expansion of activators, incorporating stearic acid, or ZnO, enhances the adequacy of sulfur-based cure frameworks, and bring forth level fix with better inversion obstruction. In addition, vulcanization accelerators, for example, sulfonamides, are quick curatives and result in a deferral at the beginning of vulcanization – perfect for rubber handling abiding by expanded scorch time.

Binary accelerator – TMTD/MBTS – provides a bunch of advantages – high cure rate, low scorch time, lower reduction of mechanical attributes, ideal aging obstruction, and similarity blend, propelling producers to concentrate on the improvement of binary vulcanization accelerators. Auxiliary vulcanization accelerators represent the danger of discharging cancer-causing agents because of the disintegration of the amine compound. Makers are expanding the manufacturing of essential vulcanization accelerators. Besides, increasing heart issues, pediatrics, in addition to basic life-sparing strategies are driving the need for restorative grade rubber equipment. All things considered, market participants are tapping blank areas in the medical industry.

Acknowledging environmental concerns, in the European Union and the US governments are forcing guidelines that command tire mar labeling king from A to E dependent on three parameters – rolling resistance, noise, and wet grip. Expanding the need for elite tires following higher fuel adequacy, as well as insignificant increment underway expenses are poised to fuel the market for vulcanization accelerators. Likewise, vulcanization accelerators provide upgraded rolling obstruction, in addition to the enhanced dry and wet footing.

Car producers are amplifying vehicle armada size referring to the rising trend of ‘private vehicle proprietorship’, bringing about the expanded need for aftermarket services as well as car maintenance. Thusly, the implementation of vulcanization accelerators is likely to mushroom in the automotive space where a solitary vehicle unit is introduced with tires as well as rubber-based ancillary parts.

On the other side, nations, incorporating India, along with the European region are inflicting anti-dumping obligations on imported tires as a result of environmental exhaustion. The US-China exchange strife is additionally supplementing the difficult circumstance – a constraining aspect for the market development of the vulcanization accelerators.

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Metallized Paper Makers Aim to Provide Customization Attributes for Brands Searching Enhanced Recognition

Customers worldwide are exceptionally centered around the utilization of products rather than their transfer, bringing about global warming because of inconsistent atmosphere changes. Packaging and labeling of products by metallized papers allow the material to corrupt inside the least time period sans discharging harmful gases into the environment dissimilar to heritage plastic- packaged items – fundamental for handling falling apart climatic circumstances. These are reusable, and recyclable, enabling makers to package food products with metallized papers for holding the freshness of the consumables for a drawn-out period. These are reused in similar recycling streams from posted printed paper accompanying lean aluminum covering that doesn’t upset the recycling mechanics.

Duplicating assaults over the worldwide market, particularly pharmaceuticals, and food & beverages, are on an ascent because of fake labeling and unsatisfactory holography, prompting huge government revenue loss, and prospective wellbeing dangers to customers from allergic reactions. Holographic sheets got from metallized paper provide upgraded counterfeiters protection. High-resolution holographic logos with micro texts on shopper merchandise give more noteworthy security, whereas high-resolution imagery for the foundation permits multi hologram development for simpler distinguishing proof for the authenticity of the product. In addition, with custom holography, producers could make novel holographic pictures, making it hard for forgers to imitate the pictures.

Purchasers display more prominent allurement to items with appealing labeling and packaging. Brands are providing a driving force on the packaging that continues brand reputation, in addition to agrees to administrative standards. Metallized papers provide catchy appearance to a wide scope of customer products. Metallized gift wrap papers structure a diffractive impact, upgrading the worth, and concern for the present wrapped inside. Metallized gift wrap collects more prominent consumer attention, supplementing the enticing packaged gift inside.

Cosmetic & beauty products packaged in metallized silver or gold papers get a bigger customer base, inevitably prompting expanded sales. Spirits and brewing ventures vigorously depend on metallized silver, or gold names to create premium packaging impacts. It intended for limited-time items offer competitive and attractive elevate versus conventional white paper introduction.

The confectionery sector is grasping the possibility of shiny items packaging, helping them create expanded revenue when contrasted with standard packaging – a pattern getting noticeable at a broad pace all over the world. Likewise, the confectionery sector is anticipated to extend at a quick pace in the forthcoming years, impacting market participants to expand the generation of metallized paper for packaging confectionery items.

Concerns opportune adverse impacts of plastic squander on nature prompting biological alterations worldwide are boosting the need in labeling to counteract the issue of breaking down sooner rather than later. Customers are profoundly disposed towards product packaging showing a glossy intrigue with every one of the penetrations in the labeling. Such a packaging approach enables the buyers to get all the data in their packaging allowing them to contrast and the substitutes. Further, rising episodes of forged items are developing worthwhile possibilities for metallized paper makers to convey quality and authentic products to purchasers.

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Quality & Safety to Regulate the Worldwide Demand-Supply for Frozen Ready Meals

Refrigeration assumes a vital job in the operational work process of the worldwide supply chain for beverages and food products. Frozen and freezing storage has additionally picked up significance for being a key part of the worldwide value chain of Food and beverage items. Throughout the years, developing availability to refrigerated storage units has reinforced the worldwide cold chain and made stable justification for manufacturing and sales. Additionally, buyers are becoming slanted towards the utilization of frozen ready meals, especially because of extended product life, low nutrition loss, and easy preparation. From fish, poultry and meat to fruits and vegetable products, frozen ready meals are picking up fame over a few consumer commercial centers globally.

Safety & quality of meals is the two essential elements affecting the generation of frozen ready meals. Organizations sharing the worldwide frozen ready meal competition scenario are utilizing propelled packaging solutions to take into account the viable frozen ready meals distribution. Factors, for example, health concerns, absence of proper standardization, and infrastructure irregularities as the key obstructions for the development of the worldwide solidified frozen ready meals market. The overall need is anticipated to foresee moderate gains within a reasonable time-frame. Unavailability to utilities for thawing these dinners is pushing the purchasers away, while organizations are battling to control the effect of refrigeration on food quality.

Administrative bodies have utilized various guidelines and tailing them is turning into a challenge for market players. Developing awareness concerning hazards of frozen ready meals are controlling the general sales, whereas logistics complexities are likewise downsizing the anticipated extension of the worldwide market for frozen ready meals.

Organizations participating in the worldwide frozen ready meals market are anticipated to be consistent with the food quality and safety norms set by global and regional administrative bodies. Players to be specific, McCain Foods Ltd., General Mills, Daiya Foods Inc., Nestle S.A., Conagra Brands, Inc., Dr. Oetker GmbH, California Pizza Kitchen, Connies Pizza, FRoSTA AG,Atkins Nutritionals, Inc., and H.J. Heinz are projected to pursue manufacturing systems that hold the nature of the frozen ready meals. Also, these organizations are likely to put millions in growth strategies for frozen ready meals more secure to the common customer.

Teaming up with the correct packaging partner will likewise instrument more prominent security of the frozen ready meals being made. Novel machinery is being created to encourage the cook-gather freeze production of these meals at a huge level. Cold storage organizations are seeing an integration to guarantee that the fluctuating storage conditions don’t corrupt the nature of frozen ready meals to a higher degree.

Customers in the APEJ market are assessed to be progressively disposed towards frozen ready meals alongside fresh meals because of the simplicity of thawing and reheating over setting up the dinners without any preparation. North America and Europe are likewise anticipated to observe extensive development regarding frozen ready meals sales. Big food chain services in these emerged markets would exhibit an impressive end-utilization of frozen ready meals in the approaching years.

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Augmenting Airline Network and Rising Air Traffic to Boost Sales of Aircraft Tire in the Asia Pacific

The aircraft tire market is steadily defeating the difficulties experienced as of late, including restricted industrial applications along with rubber disposal, high environmental impact and complex manufacturing demands. The production forms and administrative standards related to aircraft tire are probably going to turn out to be considerably more complex in the coming years. Developing aircraft body dynamics and basic need for diminished aircraft bodyweight will take the front seat in the aircraft tire scenario all through the not so distant future, as the center on ideal eco-friendliness zooms in.

The competitive scenario of the market is anticipated to observe furious challenge among foremost performing players over the product separation. The best four companies in the worldwide aircraft tire market, for example, Polymer Enterprises, Goodyear, Michelin, and Bridgestone as of now hold around 35% share of the overall market value. While producing facility extension, key acquisitions, and novel product launches will feature the most favored formative procedures in the market space, material development will likewise be a need for aircraft tire producers. As of late, Bridgestone Americas propelled two new items in the ultra-wide base aircraft tire.

Implementation of superior materials that additionally supplement the needs set by concerned security principles is as of now one of the most significant methodologies for aircraft tire makers. Utilizing cross-linkable rubber material or engineered elastomer has demonstrated to foreshadow well for aircraft tire market in the ongoing past, trailed by the combination of hybrid composite materials into rubber utilized in the production of an aircraft tire. Aircraft tire configuration has been advancing throughout the years, and perhaps the most recent development incorporates the usage of Kevlar – another aramid (aromatic polyamide).

While the utilization of aramids is omnipresent amid aircraft tire makers that transcendently serve aerospace and military sectors, Kevlar has been professed to convey improved execution over ordinary aramids regarding tensile strength, resistance, and friction. Aircraft tire applications explicit to aerospace and military sectors need a higher quality weight proportion, upgraded heat obstruction, anti-cut, chemical, and flame attributes, and lower extension top – for a superior exhibition during landing and take-off cycles. Visibly expanding the need for Kevlar is scheduled to give a solid force to the overall market development.

While the rising need for new aircraft and a strong economy will keep on allowing the Americas to hold predominance over different regions in the aircraft tire market in the approaching years, the regional assessment of the market releases an amazing development viewpoint for Asia Pacific. In the scenery of Asia Pacific’s increasing air traffic, all things considered, the APAC market will draw in generous revenue over the years to come.

The need for trendsetting technology aircraft is now on the ascent and will keep on being affected by the foundation of new airlines prompting network extension, in the end boosting the aircraft tire sales in APAC. Also, a developing pace of substitution of outdated wide-bodied airplanes, combined with a heightening concern in regards to eco-friendliness of the aircraft equipment will assume a crucial job in enhancing development possibilities for Asia’s aircraft tire market over the years to come.

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Text Analytics Market to Grow at a CAGR of ~18% during the Forecast Period (2019-2029): PMR Study

Persistence Market Research, in its recently published market study offers critical insights related to the growth prospects of the global text analytics market. According to the report, the value of the global text analytics market reached ~US$ 1.1 Bn in 2018 and the market is expected to register a CAGR growth of ~18% over the forecast period (2019-2029). Significant growth in the adoption of text analytics software solutions for a plethora of applications including, risk and fraud management, social media monitoring, and business intelligence are some of the leading factors that are likely to boost the growth of the text analytics market in the upcoming years.

Further, the study reveals that a substantial rise in the volume of unstructured textual data was observed in the last few years. The unstructured data consists of textual feedback received from potential customers, existing clients, employees, and more. The staggering volume of unstructured data requires efficient insight extraction – a factor that is projected to snowball the demand for text analytics software solutions worldwide.

Lucrative Opportunities Emerge in Japan and Eastern Europe

According to the research presented by PMR, the global text analytics market is expected to grow at an impressive CAGR of ~18% during the forecast period. The report further reveals that out of all the major regions, the market in Japan is on its course to outpace other regional markets owing to significant adoption of text analytics to improve sales and marketing strategies by Japanese companies. The growing penetration of social media in Eastern Europe has played an imperative role in the development of the text analytics market in the region owing to robust demand for social media monitoring and sentiment analysis tools such as text analytics. The report also indicates that a notable growth in innovative enterprise-grade software procurement and development activities can be witnessed in the developing countries.

Growing Awareness Related to Insights-as-a-Service Expected to Drive Market Growth

In recent years, software developers are utilizing an array of text analytics software solutions to carry out tasks in the big data analytics sphere via the cloud or application programming interfaces (APIs). At present, market players operating in the text analytics software market are predominantly focusing on providing insights through a light-weight deployment model. The aforementioned factor is thus, influencing a tectonic shift away from monolithic analytical tools and other custom development services towards cost-effective services such as text analytics and more.

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Dearth of Professionals with Desirable Skill Sets Could Impede Market Growth

As the text analytics software space is relatively at a nascent stage, there is a significant dearth of individuals with the desirable skill sets. Some of the essential skills include, coupling insights from unstructured consumer orders and social media to optimize the outcome of the campaign and capitalize on the new opportunities. In the current scenario, thus, lack of skills is one of the most crucial factors that is likely to impede the growth of the global text analytics market in the foreseeable future.  

Rheumatoid Arthritis Diagnosis Test Market to Reach a Value of ~US$ 600 Million by 2019: PMR Study

The prevalence of rheumatoid arthritis especially in North America and several European countries has increased at a rapid pace in the past few years. As per the report presented by Centre of Disease Control and Prevention (CDC), nearly 54 million individuals suffered from rheumatoid arthritis in the U.S in 2018. Further, owing to the growing number of patients suffering from rheumatoid arthritis in the U.S., the demand for efficient and reliable diagnosis and treatment for rheumatoid arthritis experienced a notable growth – a trend that is expected to continue and boost the demand for rheumatoid arthritis diagnosis tests.

Persistence Market Research, in a recently published market research study offers critical insights related to the overall prospects of the global rheumatoid arthritis diagnosis test market. According to the report, the rheumatoid arthritis diagnosis test market is projected to reach a value of ~US$ 600 million by 2019 and register a CAGR growth of ~5% during the forecast period (2019-2029). . Further, the various factors that are projected to influence the dynamics of the market such as the trends, drivers, opportunities, and restraints are evaluated in the presented market study.

Market Players Improve their Distribution Channels to Gain Advantage

At present, the prevalence of rheumatoid arthritis is significantly high especially in the developed regions such as North America and Europe. However, although the occurrence of rheumatoid arthritis in the developing regions is low, the surge in the geriatric population in nations such as Japan and China is likely to increase the prevalence of rheumatoid arthritis through the forecast period. Sensing the growing demand for rheumatoid arthritis diagnosis and treatment, market players are focusing on improving their distribution network by making their products more accessible within the various stages of the value chain. In addition, several companies are entering into distribution agreements with domestic distributors and manufacturing companies to fulfil the demand for rheumatoid arthritis diagnosis kits.

Growing Adoption of Minimally Invasive Rheumatoid Arthritis Diagnosis Tests to Fuel Growth

The occurrence of rheumatoid arthritis among children has witnessed a notable growth especially in North America and Europe. Hence, the adoption of minimally invasive rheumatoid arthritis diagnosis tests has increased at a steady pace in recent years. The growing demand for minimally invasive rheumatoid arthritis diagnosis tests is expected to accelerate the growth of the global market over the next decade.

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Onset of New and Reliable Test Kits Likely to Boost Market Growth

The lack of availability of full-proof diagnostic measures to tackle rheumatoid arthritis has left significant room for market players to innovate in terms of product development. Sensing the dire need for accurate and reliable testing kits to diagnose rheumatoid arthritis, multiple market players are investing in the development of cost-effective diagnosis test kits. The growing focus on the development of new products has played a key role in boosting research and development activities in recent years. Moreover, the advent of biomarker-based rheumatoid arthritis test techniques is likely to trigger the growth of the global market in the upcoming years.

Global Liquid Ring Vacuum Pump Market to Grow at a CAGR of ~4.8% During the Forecast Period (2019-2029): PMR Study

Persistence Market Research, in its recently published market research study, reveals that the liquid ring vacuum pump market is expected to grow at a CAGR of ~4.8% over the forecast period (2019-2029). Further, the report offers a clear understanding of the various factors that are expected to influence the dynamics of the liquid ring vacuum pump market such as the current trends, market drivers, growth opportunities, and restraints.

The report reveals that the growing demand for liquid ring vacuum pumps from the general processing and chemical industry is one of the primary factors that is aiding the growth of the liquid ring vacuum pump market. Further, growing investments in the oil & gas space, especially the downstream sector is likely to positively impact the demand for liquid ring vacuum pumps over the forecast period. Moreover, as steam ejectors and liquid ring vacuum pumps facilitate vacuum distillation in various refinery applications, the demand for liquid ring vacuum pumps is on the rise.

Significant Applications in the Chemical Industry to Aid Market Growth

Liquid ring vacuum pumps are widely used in multiple chemical process industries especially those industries that require vacuum filtration, vapor recovery, and solvent recovery. Furthermore, as liquid ring vacuum pumps offer the aptest solutions for exclusive applications such as vinyl chloride monomer recovery, hydrogen, and chlorine compression, and more, the demand for liquid ring vacuum pumps has witnessed considerable growth over the past few years – a trend that is likely to continue over the foreseeable future. Further, the ascend of the chemical industry in the past couple of years owing to the staggering demand from various end-users particularly in nations in the Asia-Pacific region is expected to fuel the growth of the global market during the stipulated timeframe of the study.

Moreover, a notable growth of the biodiesel and bioethanol industry is likely to provide an impetus to the growth of the liquid ring vacuum pumps market during the forecast period. Furthermore, governments across various countries are focusing on improving their ethanol production capacity owing to the high octane content and functional properties that play a key role in minimizing greenhouse emissions.

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General Process Industries to Remain a Prominent End Users

The demand for liquid ring vacuum pumps have witnessed considerable growth from the general process industries including textiles, sugar, pharmaceuticals, and pulp & paper. Furthermore, the growing emphasis on utilizing energy-efficient manufacturing processes in the developed regions is expected to drive the sales of liquid ring vacuum pumps in the upcoming years. Moreover, the swelling demand for liquid ring vacuum pumps from small and medium enterprises in nations including India and China is expected to boost the sales of the advanced liquid ring vacuum pumps. Established manufacturers operating in the current market landscape are likely to focus on improving and upgrading their product portfolio by acquiring smaller players. For instance, Busch Vacuum Pumps and Systems entered into an acquisition agreement with NSB Gas Processing.