Middle East Conveyor Belts Market Revenue to Reach US$ 242.7 Mn by 2026

Future Market Insights (FMI) delivers key insights on the Middle East Conveyor Belts in its latest report titled, ‘Conveyor Belts Market: Middle East Industry Analysis and Opportunity Assessment, 2016-2026’. Middle East conveyor belts market is projected to register a healthy CAGR of 4.3% in terms of value during the forecast period (2016–2026). This is attributed to various factors, regarding which FMI offers detailed insights in its report.

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On the basis of product type, the Middle East conveyor belts market has been segmented into metal-reinforced rubber conveyor belt, fabric-reinforced rubber conveyor belt and plastic conveyor belts.

Metal-reinforced rubber conveyor belt segment has been estimated to account for 27.3% value share of the market in 2015 and is expected to register a CAGR of 4.6% over the forecast period.

By cover type, Middle East conveyor belts market has been segmented into conductive conveyor belt, abrasion-resistant conveyor belt, heat- and flame- resistant and oil-resistant conveyor belt. Conductive conveyor belt segment has been estimated to account for 13.5% value share in 2015 and is expected to register a CAGR of 5.7% over the forecast period. However, in terms of value, abrasion-resistant conveyor belt segment is projected to be dominant by 2026, accounting for market share of 37.8%, as compared to heat- and flame- resistant segment, with 28.0% share.

On the basis of application, the Middle East conveyor belts market is segmented into mining, food production industry, commercial, construction industry, electricity generating stations, automotive industry, chemical & fertilisers and packaging industry — among these, mining segment has been estimated to account for value share of 22.9% in 2015, which is projected to decrease to 22.5% by 2026. The commercial segment is projected to exhibit the highest CAGR of 5.5% over the forecast period.

By weight, Middle East conveyors belts market is segmented into lightweight, medium-weight and heavyweight — among these, medium-weight segment has been estimated to account for a value share of 49% in 2015, which is projected to increase to 49.5% by 2026. The lightweight segment is projected to exhibit the highest CAGR of 5.0% over the forecast period.

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Factors Driving the Middle East Conveyor Belt Market

Growth of the Middle East conveyors belts market is mainly driven by increasing adoption of automated production lines across various industries and rising number of construction sites in Middle East region. Other trends driving growth include improvement of belt materials in conveyor systems and government initiatives to encourage local food production in the Middle East. High dependence on raw material imports and low profit margins for manufacturers are certain factors restraining growth of conveyor belt market in the Middle East.

Middle East Conveyor Belt Market: Country-wise Analysis

Turkey has been estimated to dominate the Middle East conveyors belts market, with over 35.0% market share in Middle East region in 2015 and is anticipated to remain dominant by 2026, followed by KSA (The Kingdom of Saudi Arabia) and UAE (United Arab Emirates). Among all the countries in Middle East, KSA market is anticipated to register the highest CAGR over 2016–2026, followed by UAE. This is mainly attributed to increasing demand from construction and mining industry in KSA and increase in number of mining projects such as limestone production in UAE.

Key Players in Middle East Conveyor Belt Market

Key players in the Middle East conveyor belt market include Al Kuwaiti Industrial Solutions, Arabian Universal, Bridgestone Corporation, ContiTech AG (Continental AG), Derby Conveyor Belts Industry and Trade Inc., FaBa Commercial Services, Fenner Dunlop Conveyor Belting, Kale Conveyor, Phoenix Conveyor Belts Systems GmbH, Schieffer Magam Industries Ltd., Semperit AG Holding and Ziligen A.S.

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Major participants are focusing on collaborations and partnerships with service providers to enter into new markets. These key players are also focusing on expanding their offerings and provide end-to-end solutions, which entails

Soft Touch Polyurethane Coatings Market will register year on year growth at 7% CAGR between 2021 and 2031

Driven by adoption of ultra violet (UV) curable polyurethane (PU) dispersion coatings and growing preference for water based formulations, the soft touch polyurethane coatings market is forecast to reach valuation of US$ 6430 million by the end of 2021.

As per newly released data by Future Market Insights (FMI), global sales of overall soft touch polyurethane coatings market enjoyed year-on-year (YoY) growth of 3.50% in 2021 to total 313 kilotons. The sales are expected to grow 1.97X and reach 617 kilotons by the end of 2031, says Future Market Insights.

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Soft touch polyurethane coatings are all-rounder in terms of application as they are extensively used in coating automotive and aircraft interior components like arm rest, door trims and front control panels to protect them from constant wear and tear. Increasing adoption of ABS plastics in making automotive interiors will accelerate the demand for soft touch polyurethane coatings in upcoming years.

They also play an integral role in improving overall look and design of consumer electronic devices like mobiles and laptops while simultaneously protecting them from scratches. The cover and body of consumer electronics are required to have organoleptic properties. Increased demand for high quality covers has led to an increase in demand for soft touch polyurethane coatings for its properties like resistance to yellowing, scratching, and abrasion.

Soft touch polyurethane coatings are highly effective in protecting wooden items from decaying and pest infestation.

Stringent government regulations imposed to reduce the emission of volatile organic content (VOC) is prompting the market players to develop environment friendly coatings. In 2019, Environment Protection Agency New England has mandated manufacturing facilities to reduce its VOC emission by making process changes and installing air pollution control equipments. This is expected to bode well with the market growth in upcoming years.

Many market players are switching from solvent based coating to producing water based coating as solvent based coatings has high VOC content.  Increasing research and development for sustainable water based coating production while eliminating side reactions will boost the market growth over the forecast period.

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Key Takeaways from FMI’s Soft Touch Polyurethane Coatings Market Study

  • North America soft touch polyurethane coatings market is forecast to expand at 5.10% CAGR during the assessment period owing to rising cases of insect infestation among American household and thriving wood work and furniture industry in U.S. and Canada.
  • Europe soft touch polyurethane coatings market will grow at 5.8% CAGR from 2021 to 2031, driven by rising production of automotive interiors made from acrylonitrile butadiene styrene (ABS) and elevated export and production of soft touch polyurethane coatings in the region.
  • Japan and South Korea will hold more than 14% of the global market share in 2021, backed by increasing production and demand of electronic components made in these countries and strict regulations regarding control emission of VOCs in these regions.
  • Ultraviolet soft touch polyurethane coating segment is expected to grow at more than 8.1% CAGR throughout the forecast period due to its high demand of such coatings in packaging industry due to its chemical inertness and eco-friendly characteristics.
  • The transport and automotive segment is predicted to account for more than 37% of global soft touch polyurethane coatings market share due to increasing demand for luxurious and rich look interior among car enthusiasts.

“Rising production of premium electronic products and increasing demand for scratch resistant and drop resistant coatings to protect these products is expected to spur the soft touch polyurethane coatings sales,” says the FMI analyst.

Competitive Landscape

Future Market Insights reports that, leading market players are focusing on employing organic and inorganic strategies to expand their market shares and enter new and emerging markets. These strategies include strategic merger and acquisition, partnership, and new product launches.

For instance, in June 2021, AkzoNobel announced to acquire Colombia-based paints and coatings company Grupo Orbis to strengthen its long term market position in South and Central America.  This will allow AkzoNobel to expand its product portfolio and solidify its position as the market leader in the region.

In January 2021, Allnex launched new polyurethane coating “DAOTAN 7061/35WA” especially designed for automotive OEM and vehicle refinish coating segments.

Prominent players operating in the soft touch polyurethane coatings market are:-

More Insights on the Global Soft Touch Polyurethane Coatings Market

In its latest report, FMI offers an unbiased analysis of the global soft touch polyurethane coatings market, providing historical data for the period of 2015-2025 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 base type (water-based and solvent-based coatings), product type (2K and ultraviolet polyurethane coatings), end use (transport and automotive, electrical and electronics, wood and furniture, and others (packaging, measuring devices)), across seven major regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan, and Middle East and Africa).

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About Chemicals & Materials division of FMI

The Chemicals & Materials division at FMI offers distinct and pin-point analysis about the chemicals & materials industry. Coverage of the chemicals and materials  market extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites, and nanotechnology. The team also puts special emphasis on ‘green alternatives’, recycling and renewable technology developments, and supply-demand trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners, and government bodies for developing – ‘The Way Forward’.

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.

Variable Frequency Drives Sales Set to Recover in 2021 as Regenerative Applications Complement Traditional Demand Channels: Study

Variable frequency drives demand is set to grow at over 4% in 2021, with growing emphasis on heating, ventilation and air conditioning (HVAC) systems and automotive pumps which are expected to generate substantial growth opportunities. The projections are based on the latest edition by Future Market Insights (FMI), an ESOMAR-certified research and consulting firm.

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The global automotive industry has made prolific advances in the recent past. Emerging as a multibillion dollar industry, the autonomous market is characterized by the emergence of a plethora of start-up investments. Consequently, adoption of high-end HVAC systems and pumps has registered an impressive uptick. According to FMI’s projections, the aforementioned segments collectively accounted for nearly US$ 10 Bn as of 2019.

Prolific growth opportunities exist in the Chinese market, owing to an ever mushrooming automotive industry. Future Market Insights estimates the economic giant to produce 4.5 million variable frequency drives by 2021-end, as production cycles revert to normalcy in the aftermath of the coronavirus crisis. Hence, manufacturers are introducing a slew of technological innovations to tap this ever expanding opportunity, thus generating powerful revenue ecosystems across the forecast period.

Key Takeaways of Variable Frequency Drives Market Study AC drives adoption surging in popularity by drive type; set to acquire 260 BPS by 2031-end U.S. and Germany to emerge as highly lucrative markets, owing to growing EV sales Growing concerns over excessive power consumption compelling automotive manufacturers to invest in low-voltage VFDs Regenerative applications to find growing applications, reaching nearly US$ 15 Bn by 2021-end Pumps and HVAC systems to collectively expand at a value CAGR worth 13% from 2021-2031

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“Rapidly expanding infrastructure for capital projects are attracting frequent capital investments, attributed to the increasing scale of urbanization. Hence, automotive sales are rising, leading to widening revenue pools for VFD manufacturers,” says the FMI analyst.

Competitive Landscape

The variable frequency drives market is a highly competitive market, with a sizeable presence of both global as well as domestic players. However, key players account for nearly half of the market share. It is characterized by large supplier base and strong B2B networks.

The market has robust partnerships throughout the value chain. Suppliers of variable frequency drives adopt acquisition and regional expansion strategies to establish a foothold. Brand consciousness and aggressive marketing makes it challenging for new entrants in the variable frequency drives market.

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More Insights on FMI’s VFD Market

A recent market study published by FMI on the variable frequency drives market includes global industry analysis for 2016-2020 & opportunity assessment for 2021-2031, and delivers a comprehensive assessment of the most important market dynamics. The market has been segmented on the basis of drive (AC drive & DC drive), voltage range (low and medium), application type (standard and regenerative), end-use application (pump, fan, compressor, conveyor, HVAC and others) and end-use industry (oil & gas, food processing, automotive, mining & minerals, pulp & paper and others) across five major regions.

Protein A Resins Market registering a CAGR of 8.1% over the forecast period (2022-2031)

According to a recent study by Future Market Insights (FMI), the global protein A resins market is expected to witness high growth during the forecast period. The market is expected to grow from US$ 536.6 Mn in 2020 to over US$ 1.2 Bn by 2031. This reflects a cumulative CAGR of around 8.1% over the forecast period (2021-2031).

Increasing researches conducted on monoclonal antibodies are driving demand for protein A resin. Since the commercialization of the first therapeutic monoclonal antibody in 1986, till May 2021, around 100 monoclonal antibody products have been approved by the U.S. FDA and European Medical Agency for the treatment of various diseases such as cancer.

Monoclonal antibody therapy for the treatment of mild to moderate COVID-19 in patients has also been approved by the FDA under Emergency Use Authorization (EUA).

Studies on monoclonal antibodies have indicated that more monoclonal antibody therapies are in the process of getting FDA approval and can be marketed in the near future to cater to rising demand in the global life sciences industry. Thus, increasing research on monoclonal antibodies (mAb) is expected to fuel the demand and utilization of protein A resin for purification and precipitation purposes.

For the purification of monoclonal antibodies (mAb), different technologies are available which includes membrane chromatography, mixed chromatography, and aqueous two-phase extractions (ATPS). However, protein A resin holds the top position for the purification of mAbs.

With many industries facing issues of leaching of ligand and resistance during the commercialization of monoclonal antibodies (mAbs), the availability of next-generation protein A resins with improved purification conditions, such as alkaline-stability, and with very low ligand leaching, is expected to increase the production and throughput demand for protein therapeutic processes.

Furthermore, in June 2018, Purolite Life Sciences launched a novel next-generation Protein A agarose resin, Praesto Jetted A50. GE Healthcare, in 2017, introduced a next-generation protein A resin, MabSelect PrismaA, which was designed to enable biopharma manufacturers to improve their mAb purification capacity by up to 40% over GE Healthcare’s existing protein A affinity medium. These product launches are expected give tailwinds to growth registered in the market.

Such developments not only strengthen the company’s existing portfolio but also help to increase their presence at the regional as well as global level.

Key Takeaways from Protein A Resin Study

  • By product, the natural protein A resin hold the maximum share of 62.8% in 2021. Natural protein A is derived from a bacterial cell of the staphylococcus aureus species and mainly used in the purification of monoclonal antibodies.
  • By matrix, the agarose based matrix of protein A resin account for 85.8% of the market share in 2021 indicating the highest demand, offering high binding specificity when in comparison to other matrices and are widely used for the attachment of ligands that bind proteins.

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  • By application, the antibody purification of protein A resin segment will account for 74.8% of the market share in 2021.
  • By end user, the biopharmaceutical manufacturers will account for 79.2% of the market share in 2021.
  • By region, North America held the largest share of 35.7% of the global protein A resins market in 2021.
  • The U.S. will emerge as a leading market in North America, while growth registered in Europe will be spearheaded by Germany and the U.K.

Who is Winning?

Some of the leading manufacturers of protein A resin market are focusing on product launch collaboration and partnership strategies for global expansion objectives, thereby, enhancing their market presence.

  • In August 2021, Danaher Corporation acquired Aldevron and stated that Aldevron will work as a stand-alone operating firm and brand within the life sciences segment of Danaher to provide a vast range of custom biologic services, including plasmid DNA production, mRNA production, and antibody development.
  • On 11 February 2021, Thermo Fisher Scientific Inc. started the online offering of its essential Thermo Scientific Dionex Easion and Thermo Scientific Dionex Aquion Ion Chromatography (IC) systems through easy online ordering.  This step was undertaken in order to reduce the in-person transaction during the pandemic.
  • In October 2020, Kaneka Corporation collaborated with the biomedical research institute “de Duve Institute” of the University of Louvain, wherein they signed a research collaboration agreement in order to develop innovative biomedicine production technologies and strengthen and expand the company’s current biomedicine CDMO business.
  • In April 2020, Bio-Rad Laboratories, Inc. launched a blood-based immunoassay kit to identify antibodies to the coronavirus SARS-CoV-2, the virus associated with COVID-19.

The key market players covered by FMI include GE Healthcare, Thermo Fisher Scientific, Kaneka Corporation, JNC Corporation, Purolite Life Sciences, Bio-Rad Laboratories, Inc., JSR Corporation (JSR Life Sciences LLC), Repligen, Tosoh Bioscience, Merck Group (Merck Millipore), Novasep Holdings SAS, Agilent Technologies, Inc., GenScript, Abcam PLC (Expedeon Ltd.), Avantor Inc., Takara Bio, PerkinElmer, Inc., Suzhou Nanomicro Technology Co., Ltd.

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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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Global Pharmacy Automation Systems Market: Increasing need for Quality Care and Technological Upgrades Boost the Pharmacy Automation Systems market

According to a recent market report published by Future Market Insights titled “Pharmacy Automation Systems Market – Global Industry Analysis and Opportunity Assessment, 2016–2026,” the global Pharmacy Automation Systems market was valued at US$ 3,344.7 Mn in 2016, and is expected to register a CAGR of 6.2% from 2016 to 2026.

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Pharmacy Automation Systems are increasingly being installed by various end-users such as hospital pharmacies, clinic pharmacies, retail pharmacies, mail order pharmacies and pharmaceutical SMEs.  There is an increase in the usage of Pharmacy Automation Systems in hospital pharmacies due to an increase in the demand for medication dispensing cabinets to provide formulary across health system to support nurses and pharmacists to manage the medication dispensing and administration. Moreover, there is a rise in the usage of Pharmacy Automation Systems in the clinic pharmacies, retail pharmacies, mail order pharmacies, and pharmaceutical SMEs.

There is an increasing inclination of pharmacists for automation systems as it automates time-consuming and routine tasks such as medication compounding, packaging, dispensing, storage and retrieval, etc. Also, these automation solutions streamline pharmacy workflow and also reduce risk of errors, which enables physicians to focus on direct patient-care activities. The system streamlines the outpatient and inpatient drug dispensing process by ensuring the appropriate drug reaches the right patient at the right time. Therefore, increasing number of pharmacists opt for pharmacy automation systems to eliminate the risk of errors which otherwise are caused due to manual compounding and dispensing of medications. This, in turn is anticipated to drive the revenue growth of pharmacy automation systems market in the near future.

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Pharmacy automation systems comprises automated cabinets, barcode systems and automated dispensing systems, tablet splitters, etc. that enable pharmacists and healthcare providers to have real-time access to the stock along with proper inventory management.

Also, pharmacy automation systems provide enhanced safety to patients requiring medications. Automation in pharmacy also reduces number of staff required to manage and control pharmacy operations that in turn reduces labor cost. Increasing awareness about these benefits of pharmacy automation technologies is expected to fuel the demand for pharmacy automation systems in the near future.

However, the higher cost of automated dispensing systems, vial filling robots, tablet counting machines is a major factor hampering its adoption of pharmacy automation systems across resource poor countries. Typical vial-filling robots will automate approximately 45% of daily retail pharmacy prescription volume at an initial installation cost of approximately US$ 200,000. Moreover, the higher maintenance costs associated with these systems installation along with exorbitant pricing for training and development program for end users impede the practical implementation of pharmacy automation systems. Thus, decreased adoption of pharmacy automation systems in small retail pharmacies, has led to decrease in market growth.

The global pharmacy automation systems market is categorized on the basis of product type, the pharmacy automation system market is segmented into medication dispensing cabinets, packaging and labelling systems, IV pharmacy (automated drug compounding), robotic dispensing systems, carousal storage systems and tablet splitters. In terms of revenue share, medication dispensing cabinets (ADC) dominated the global pharmacy automation systems market in 2016 and is expected to retain its dominance throughout the forecast period.

On the basis of application, the Pharmacy Automation Systems market is segmented into drug dispensing & packaging, drug storage and inventory management. In terms of revenue share, drug dispensing and packaging dominated the global pharmacy automation systems market in 2016 and is expected to do so throughout the forecast period. The inventory management application segment is anticipated to expand at the fastest CAGR during the forecast period.

On the basis of end-use industry, the global pharmacy automation system market is segmented into hospital pharmacies, clinic pharmacies, retail pharmacies, mail order pharmacies and pharmaceutical SMEs.  Hospital pharmacies currently account for the highest revenue in the pharmacy automation systems market due to increasing usage of pharmacy automation systems in hospitals in developed countries.

This pharmacy automation systems market report also covers trends that drive each segment and offers analysis & insights regarding the potential of the pharmacy automation systems market in regions such as North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and Middle East & Africa. Among these regions, the APEJ pharmacy automation systems market is projected to exhibit relatively high growth in the global pharmacy automation systems market with a CAGR of   8.2% during the forecast period. Revenue from the pharmacy automation systems market in North America is estimated to account for over 62.3% of the global pharmacy automation systems market revenue in 2016. The pharmacy automation systems manufacturers and technology providers can focus on expanding across several countries in APEJ such as India and China.

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Some of the key competitors in the pharmacy automation systems market are AmerisourceBergen Corporation, Baxter International Inc., Swisslog Holdings AG, Care Fusion Corporation, Cerner Corporation, Kirby Lester LLC, Talyst, LLC., Omnicell Inc., and ScriptPro LLC Corporation;  Inc. These key players are constantly focusing on product innovation and geographical expansions to sustain their market presence and increase revenue generation by developing various types of solutions and delivering outstanding offerings to several end-users.

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Esters Market is projected to grow at a CAGR of 5.2% from 2022 to 2029

Demand for esters is majorly accounted by large-scale investments observed by food & flavor, chemicals, as well as lubricant manufacturers. Supported by widespread application and large volumetric consumption across geographies, revenue generation from the sales of esters will surpass US$ 89 Bn by the end of 2022. During 2022 – 2029, esters market is set to thrive at a healthy CAGR, as indicated by a new research report of Future Market Insights (FMI).

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Key Takeaways

  • Low temperature flowability and clean operation at elevated temperatures, make esters the preferred base stock in formulating lubricants for aviation, automotive, as well as general manufacturing industries.
  • Esters have also proven their worth in enhancing the overall mechanical efficiency, driving their largely prominent usage in automotive lubricant applications.
  • Conventionally, countries in Europe account for a sizeable share in the global esters marketplace. China is also noted to potentially remain a game changer with its large-scale consumption of esters, which is expected to create opportunity worth billions of dollars by the end of the forecast period. This growth can predominantly be attributed to the rising polylactic acid production in the region.
  • With esters being significantly consumed as solvents in chemicals, food, and textile industries, the market for esters in China is expected to have a robust growth outlook throughout the forecast period.
  • Increasing demand for greener products is largely prevalent in the chemicals industry. This has influenced the esters marketplace as well, with formulators, downstream manufacturers, as well as governments introducing environmental-friendly measures. Such initiatives are bolstering the demand for bio-based or naturally-sourced products.
  • Certain ester types such as polyol esters are adapted to formulate lubricants for high-performance applications.

With rising demand for esters from several end-use industries such as chemicals, food, and textiles, manufacturers are engaging in capacity enhancements. Rising prominence of contract manufacturing has been emerging as a notable trend in industry as it offers an economically-viable option for voluminous production of commoditized products to cater to growing demand.

Acrylic esters, also known as acrylates, have a variety of uses, of which a significant volume of Methyl Methacrylate (MMA) is consumed as a monomer for the production of Polymethyl Methacrylate (PMMA). The demand from these uses is noted to be on a rise and is further expected to positively sway growth in terms of consumption as well as revenue generation.

This study sheds light on key market players, which account for a significant share in the market. The esters market study also encompasses a global as well as regional market structure analysis. Some of the market participants identified in the global esters market include Mitsubishi Chemical Corporation, Exxon Mobil Corporation, Cargill, Inc., The Procter & Gamble Company, and Lanxess AG, among others.

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Limited Threat of Substitutes in Esters Market

The consumption of esters is chiefly driven by the rising demand from end users. With a minimal number of alternatives available, esters are anticipated to remain irreplaceable in their application areas. Being one of the essential raw materials in the formulation of several products, esters are expected to witness market expansion in tandem with the growth witnessed by its end uses.

More About the Report

Market research report on the global esters market published by Future Market Insights, brings about a salient analysis of the market, offering all-inclusive information such as historical consumption data for 2014-2021 and forecast statistics for 2022-2029. The research also includes emerging country analysis pointing out the countries to look out for most lucrative growth. Apart from that, the production-consumption analysis by region, regulatory framework, and patent analysis is also presented in the esters market study.

The research offers insightful aspects on the global esters market based on various categories – product type (dibasic esters, polyol esters, methyl esters, nitrate esters, vinyl esters, phosphate esters, acrylic esters, sucrose esters, fatty acid esters), application (lubricants, solvents, plasticizers, fuel and oil additives, flame retardants, insecticides, explosives, surfactants, flavoring agents), and end-use industry (chemicals, food, automotive and aviation, marine, textiles, cosmetics and personal care products, general manufacturing) across six major regions.

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About Chemicals & Materials division of FMI

The Chemicals & Materials division at FMI offers distinct and pin-point analysis about the chemicals & materials industry. Coverage of the chemicals and materials  market extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites, and nanotechnology. The team also puts special emphasis on ‘green alternatives’, recycling and renewable technology developments, and supply-demand trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners, and government bodies for developing – ‘The Way Forward’.

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About Future Market Insights (FMI)

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

High Meat Consumption and Adoption of Automation Underscore Emerging Trends in Poultry Keeping Machinery: FMI

The newest market research study by Future Market Insights on poultry keeping machinery finds that the market was valued nearly at US$ 4.5 Bn in 2018, and is projected to grow by ~3% CAGR during the forecast period of 2019-2029. The study mainly attributes the rise in consumption of poultry meat for the positive growth prospects of the poultry keeping machinery market. The poultry keeping machinery market has a high potential to grow in regions such as Latin America, Asia Pacific excluding Japan and North America, according to the study.

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Significant product innovation over the next decade with advanced technologies meeting regulations and animal welfare norms are expected to emerge as a product differentiator for the market. Automation of agricultural and farm equipment and demand for advanced and cost-effective poultry keeping machinery from new poultry farms have increased significantly.
Growing demand for progressive products is imposing pressure on the manufacturers to deliver technologically-advanced and unique product offerings, finds FMI. Thus, technological advancements have led to noteworthy investment in research & development by equipment manufacturers. Manufacturers in the poultry keeping machinery market focus on developing unique patented technologies, which act as product differentiators and help them earn a competitive edge.
From an investment viewpoint, birds such as turkey, ducks and broilers have high economic value as they adapt easily to any environment.

They can be used for meat within eight weeks, and thereby, with expected increase in consumption, significant upsurge in investment in the poultry sector is expected, particularly in developing countries, countries in the Middle East Africa such as Iran and Tunisia.

APEJ Region to Provide Noteworthy Growth Opportunities for Manufacturers

With ongoing technological advancements and progression in agricultural and farm equipment over the years, automation is anticipated to emerge as the future of the poultry keeping machinery market in growing economies in the APEJ Region. Poultry keeping machinery manufacturers are focusing more on improving their market structures and offerings in the region.

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For the global poultry keeping machinery market, the APEJ region is projected to be a prominent region throughout the forecast period owing to the increasing consumption and production of poultry keeping machinery in China and India, along with North America, Latin America, Western Europe, and Eastern Europe. The growing focus on animal welfare worldwide has inclined consumer focus on the methods adopted in the production of the food produced from the farm.

Broiler Harvesting and Slaughtering Equipment to Remain Prominent Poultry Keeping Machinery

The division of the global poultry keeping machinery market has been done on the basis of product type, along with seven regions.

Based on product, poultry keeping machinery is commonly used in broiler harvesting and slaughtering, which is expected to contribute to the growth of the market in the coming years. It is anticipated to play a prominent role in the global poultry keeping machinery market throughout the forecast period. The other types of poultry keeping machinery such as vaccination, flooring, scales, nest, and cages, are also considered to project relatively high growth in the upcoming years. Drinking and feeding poultry keeping machinery also have noteworthy benefits due to their reduced microbial load and improvement in feeding pellets to the farm animals. This will improve the growth performance through feed intake, which will result in weight gain. This feed conversion ratio will lead to healthy protein gain. For More Information or Query or Customization Before Buying, Visit: https://www.futuremarketinsights.com/customization-available/rep-gb-564  Poultry Keeping Machinery Market: Vendor Insights

The global poultry keeping machinery report emphasizes on some of the principal industry players in the global poultry keeping machinery market. Some of the examples of the key players in the market are Valco Companies, Inc., Jansen Poultry Equipment, Vencomatic Group, Big Dutchman International GmbH, TEXHA PA LLC, Petersime NV, Hartmann Lebensmitteltechnik Anlagenbau GmbH, and HAMex-GmbH, among others.

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Cytotoxic Drugs Market to reach an estimated net worth of US$ 17.1 Billion by the end of 2028

The company delivers the key insights on the global cytotoxic drugs market in its upcoming report titled “Cytotoxic Drugs Market: Global Industry Analysis 2013-2021 and Opportunity Assessment 2022-2028”. In terms of revenue, the global Cytotoxic Drugs market is projected to register a CAGR of 0.9% over the forecast period, owing to various factors, regarding which the company offers detailed insights and forecast.

The Cytotoxic Drugs market is segmented based on product type, by drug type, by route of administration, end users and regions. By drug type, the Cytotoxic Drugs market is segmented into; Alkylating Agents, Antitumor Antibiotics, Antimetabolites, Plant Alkaloids and Others. The Antimetabolites segment is expected to account a high share in the Cytotoxic Drugs market, with a growth rate of 1.2% by 2028. The Alkylating Agents segment is expected to witness a sluggish growth in the global Cytotoxic Drugs market due to market response over the use of such drug.

Cytotoxic Drugs Market: Dynamics

The growth of the Cytotoxic Drugs market is directly related to increased prevalence of cancer and higher access to the cancer care industry across the globe. Cytotoxic drugs are first line of treatment through chemotherapy in most cancer cases. As the technology continues to advance in traditional methods, it betters the further improvement in treatments and outcomes coming out of such technology.

Cytotoxic drugs are prescribed in lower doses and they function as immune suppressants.  Cytotoxic drugs can be classified as disease-modifying anti-rheumatic drugs (DMARDs). Thus application of cytotoxic drugs in treatment of rheumatic diseases provides lucrative opportunity for these cytotoxic drugs manufacturers.

However, there are numerous complications in the use in the cytotoxic drugs, which are meant to kill the entire cell or just disturb the DNA strand in order to stop the growth of cancerous cells. Most of the cytotoxic drugs are suspected to be carcinogenic, mutagenic and teratogenic in nature.

Easier availability of Cytotoxic Drugs to match the cancer care standards across the globe has led to changing clinical approach towards chemotherapy treatment. Generic cytotoxic drugs are enjoy higher demand and are well accepted in emerging markets as they are cost-effective and offer good quality. Reimbursements policies for Cytotoxic Drugs however varies from region to region. Availability of competitive alternate treatment options impact revenue growth of cytotoxic drugs market.

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Cost of development of cytotoxic drugs is very high and has been increasing over past years. The main cause of cost increase is due to the various technical, regulatory and economic constraints imposed during the development process of a cytotoxic drug.

The cytotoxic drugs market is experiencing a stable growth, which happens to be because of many related causes. One of the influences being growth of outsourcing manufacturing of cytotoxic products in order to balance the cost breakdown. The parallel growth of API market supports this trend. In response, contract manufacturers and developers like CDMOs are coming up with their knowledge and efficiency in order to strengthen the development of APIs and form a relation with parent organization helps the Cytotoxic Drugs market.

Cytotoxic Drugs Market: Geographical Insights

Cytotoxic Drugs report assesses the trends that are driving the growth of each segment on the global as well as regional level, and offers potential takeaways that could prove substantially useful for the manufacturers planning to enter the market.

Geographically, the global Cytotoxic Drugs market is segmented into North America, Western Europe, Eastern Europe, Latin America, Asia Pacific excluding China & Japan, China, Japan and Middle East & Africa. This report assesses the trends driving each segment and offers analysis and insights of the Cytotoxic Drugs market in specific regions. North America is expected to account the major share in the global Cytotoxic Drugs market and is expected to grow at a CAGR of 0.8%. APECJ is expected to have the highest growth rate of 1.3% for the global Cytotoxic Drugs market during the forecast period due to the growing number of cases and production facilities for small molecules APIs.

Cytotoxic Drugs Market: Key Players

Examples of some of the key players operating in the Cytotoxic Drugs market include Sanofi, Pfizer, Novartis AG, Johnson and Johnson, F. Hoffmann-La Roche AG, Lonza, Celgene Corp., Amgen Inc., GlaxoSmithKline PLC, Merck & Co., Inc., Eli Lilly and Company and Teva Pharmaceutical.

In this cytotoxic drugs market report, we have discussed the individual strategies followed by cytotoxic drug manufacturers regarding the improvements in their products, creating new manufacturing facilities, market consolidation and advanced R&D initiatives. The cytotoxic drugs report has been concluded with key takeaways for players already present in the market and new players planning to enter the Cytotoxic Drugs market.

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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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Cervical Pillows Market is predicted to rise at a CAGR of 3.9% to attain a market value of US$ 1.5 Billion by the end of 2028

According to a newly published report by Future Market Insights titled “Cervical Pillows Market: Global Industry Analysis (2013-2021) and Opportunity Assessment (2022-2028),” major players in the market are trying to launch and add new products to their product portfolio to stay at the top in this competitive market. According to the report forecasts, the global cervical pillows market is projected to register a CAGR of 3.9% in terms of value during the forecast period 2022–2028. The market is anticipated to be valued at US$ 1.5 billion by 2028. The primary reasons behind market revenue growth are an increasing prevalence of neck and back pain and growing research and development activities pertaining to spine and neck injuries.

Global Cervical Pillows Market: Trends

  • Partnership with distribution channels
  • Ease of pillows in air travel
  • Growing specialist chiropractor products
  • Collaboration through digital platforms to bring more value to patients
  • Increasing number of local players in the market
  • Innovation with new technologies and products such as Japanese buckwheat pillow
  • Programmes to increase awareness among the people
  • Accelerating number of clinical trials
  • Technological advancements in pillow material
  • New product launches with hot and cold therapy

Global Cervical Pillows Market: Forecast by Product Type

On the basis of product type, the global cervical pillows market is segmented into cradle pillows, neck pillows, side pillows, cervical rolls, and basic cervical pillows. Basic cervical pillows dominated the global cervical pillows market in revenue terms in 2016 and is projected to continue to do so throughout the forecast period. Basic cervical pillows is projected to be the most attractive segment with an attractiveness index of 1.6 during the forecast period. This segment was valued at US$ 299.2 Mn in 2017 and is projected to reach US$ 503.0 Mn by 2027, expanding at a CAGR of 5.3% during the forecast period.

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Global Cervical Pillows Market: Forecast by Application

On the basis of application, the global cervical pillows market is segmented into cervical spondylosis, trauma based whiplash recovery, and temporomandibular disorders. The temporomandibular disorders segment was valued at US$ 183.9 Mn in 2017 and is expected to grow at a CAGR of 3.2% over the period of assessment. This segment represents a market attractiveness index of 0.4

Global Cervical Pillows Market: Forecast by Distribution Channel

Segmentation by distribution channel comprises hospital pharmacies, retails pharmacies, and e- commerce. The e-commerce distribution channel dominated the global cervical pillows market in revenue terms in 2016 and is projected to continue to do so throughout the forecast period. Hospital pharmacies is projected to be the most attractive market with an attractiveness index of 2.0 during the forecast period.

Global Cervical Pillows Market: Forecast by Material Type

Material type segmentation comprises foam pillows, fiber filled pillows, memory foam pillows, water filled pillows, gas filled pillows and gel filled pillows. The water filled pillows segment is anticipated to register a CAGR of 4.7% during the forecast period.

Global Cervical Pillows Market: Forecast by Region

North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan and MEA are the seven regions that have been covered in this report. Revenue from the North America cervical pillows market is expected to expand at a CAGR of 4.5% in terms of value over the forecast period.

Global Cervical Pillows Market: Key Players

Djo Global, Alex Orthopedic, Inc., Mediflow Inc, Coop Home Goods, Core Products International, Inc, Innocor Inc., Lohmann & Rauscher International GmbH & Co. KG, PharMeDoc, Crown Medical Products, Inc., CNH Pillow Inc., Therapeutic Pillow International, Arc4life, My Pillow, Hall Innovations, LLC., Xtreme Comforts, Cr Sleep, Malouf, Carpenter Co., Custom craftwork, and J-Pillow Ltd are some of the top companies operating in the global cervical pillows market that have been profiled in this report.

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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.

Contact Us:
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

Middle East 3D Printing Materials Market is anticipated to expand at a CAGR of 16.7% during the forecast period 2015-2025

Future Market Insights (FMI) delivers key insights on the Middle East 3D printing materials market in its upcoming outlook titled, “3D Printing Materials Market: Middle East Industry Analysis and Opportunity Assessment, 2015 – 2025”.

According to the report, the Middle East 3D printing materials market is projected to register a CAGR of 16.7% in terms of value during the forecast period 2015-2025; volume-wise, the market is expected to increase at CAGR of 11.2%.

Setting up of various 3D printing manufacturing units, along with emergence of many 3D printing technology-based start-ups in the region, is expected to bolster overall growth of the industrial manufacturing sector in the Middle East.

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Middle East 3D Printing Materials Market Segmentation

Middle East 3D printing materials market is segmented on the basis of filament, application, diameter type, and region.

On the basis of filament type, the market has been segmented into ABS, PLA, HIPS & PVA, Nylon, PET, ceramics and others. In terms of value, PLA filament segment was estimated to account for 22.3% share of the Middle East 3D printing materials market in 2015. This segment is projected to register a healthy CAGR of 16.7% during the forecast period. Metal filament segment is witnessing significant growth and is expected to record sustainable growth in the near future.

On the basis of application, the market has been segmented into electronics & consumer, automotive, medical, industrial, education, aerospace and others. Electronics and consumer application segment is expected to register impressive CAGR of 12.6% in terms of value.

Adoption rate of 3D printing technology in the manufacturing sector in GCC is around 11%, which is above average when compared to global adoption rate. Government initiatives to set up 3D manufacturing labs across various sectors, along with increasing awareness among manufacturers regarding operational cost profit, have led to the emergence of many new 3D printing start-ups in the region.

Also, increasing demand for cost-effective replacement organs in the healthcare sector has led to increasing adoption of 3D printing technology in healthcare applications.

In terms of value, the healthcare industry in GCC is expected to expand at a CAGR of 13.4% during the forecast period. This is expected to create significant demand for 3D printing technology in the region. Though Middle East 3D printing materials market is expected to witness impressive growth in the region, high cost of 3D printing materials along with no uniform design or manufacturing capabilities is a major cause for concern for increase in overall demand for 3D printing materials.

This report covers trends driving growth of each segment and offers analysis and insights of the potential of the 3D printing materials in all the countries covered under Middle East. Market in Levant countries are expected to remain dominant throughout the forecast period. This is primarily due to presence of some of the international players in the region along with well-established manufacturing sectors in the region. Levant is mainly driven by Israel and Turkey.

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Middle East 3D Printing Materials Market: Key Companies

Key players in the Middle East 3D printing materials market include 3D Systems, Stratasys Ltd., Beijing Tiertime Technology Co., Ltd., ExOne Co., 3D Filament Manufacturing, Coex LLC and MatterHackers Inc.

A large number of players operating in the 3D printing materials market are focused on entering into collaborations and partnerships with local distributors and retailers in order to enhance their market presence in Middle East countries. Moreover, it also enables companies to increase product visibility across the region.

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About Chemicals & Materials division of FMI

The Chemicals & Materials division at FMI offers distinct and pin-point analysis about the chemicals & materials industry. Coverage of the chemicals and materials  market extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites, and nanotechnology. The team also puts special emphasis on ‘green alternatives’, recycling and renewable technology developments, and supply-demand trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners, and government bodies for developing – ‘The Way Forward’.

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.