Rheometers Market to Witness an Outstanding Growth of US$ 398.5 Mn During 2018 – 2027

Future Market Insights (FMI) recently published a report titled “Rheometers Market – Global Industry Analysis 2013-2017 and Market Forecast 2018-2027.” Rheometers are the precision instruments that measure and study the flow of materials, mainly soft solids and fluids. Furthemore, rheometers are also widely used in various industries for determination of flow behaviour, separation & sedimentation behaviour, these are very crucial tests which determine the performance of paints & other fluids.  

The global rheometers market is expected to grow at a CAGR of 3.5% during the forecast period. The rheometers market was valued at US$ 282.5 Mn in 2017, and is projected to grow significantly to reach US$ 398.5 Mn by 2027 due to high usage of rheometers in conducting various pivotal tests, increase in expenditure on Research & Development , high adoption of rheometers in various industries such as paints and coatings, food, petrochemical and others.

Market Segmentation: Capillary Rheometers market to gain traction owing to its ease of operation at high shear rates and fast processing time

In this report, FMI has segmented the global rheometers market on the basis of product type, sales channel, end-use industry and region. By product type, the market is segmented into capillary rheometers, oscillatory rheometers, rotational rheometers and accessories. The capillary rheometers sub-segment is expected to capture significant market share of the global rheometers market due to the growing demand for capillary rheometers to measure the shear viscosity and elasticity of viscous materials at high shear rates

High Adoption of Rheometers due to need for crucial rheological measurements while evaluating the quality of the fluids

High demand for rheometers in paints and coating, petrochemicals is one of the most important factors boosting the growth of the market during forecast period. Various raw materials such as binders, solvents, pigments, additives which are used from production to end use application in paints & coatings should be mixed properly and remain stable during pumping processes and storage. Rheological measurements for paints and coatings are vital for evaluating its quality. Moreover, the growing demand for rheometers in other industries such as petrochemicals, food & beverages for the control of the pumping and flow behaviour during production is also creating potential growth opportunities for the rheometers market.

Based on the end-use industry, the rheometers market is sub-segmented into pharmaceutical, paints & coating, food & beverages, petrochemicals, cosmetics, polymers and others. In terms of value, the paints & coating sub-segment is expected to capture the largest market share as well as grow at a relatively higher CAGR during the forecast period in the global rheometers market.

North America Leading the Global Rheometers Market Owing to the High Demand from Petrochemicals Sector

On the basis of geography, the rheometers market is sub-segmented into North America, Latin America, Europe, Japan, APEJ (Asia Pacific Excluding Japan) and Middle East & Africa. The rheometers market in North America is expected to dominate the global market owing to the high expenditure on research & development. Europe is also expected to capture a substantial market share of the global rheometers market owing to stringent regulations in the region to meet the required quality of the fluids in various industries such as petrochemicals, paints & coatings. APEJ is expected to grow at a relatively higher CAGR during the forecast period in the global rheometers market due to the presence of various key players in the region as well as a large number of research laboratories.

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Competitive Landscape: Strengthening of distribution network and increasing localized equipment manufacturing are effective strategies adopted by leading manufacturers

As per FMI analysis, leading players in the rheometers market are TA Instruments; Thermo Fisher Scientific, Inc.; Antor Paar GmbH; Shimadzu and AMETEK, Inc which account for a market share of more than 60% of the global rheometers market.

Leading players in Rheometer market are strengthening their distribution network to expand their presence in untapped regions along with strategic acquisitions. These manufacturers are also constantly improving their portfolio to offer equipments with better testing capabilities.

Some of the other market participants in the global rheometers market report include Malvern Panalytical Ltd.; A&D Company; Instron; Goettfert; Fann Instruments; Freeman Technology and Brabender GmbH.

Industrial Agitators Market Poised to Expand at a Robust Pace of 7.8% CAGR Over 2017 – 2025

Future Market Insights (FMI) has recently published a report titled ‘Industrial Agitators Market – Global Industry Analysis 2013-2018 and Opportunity Assessment 2019-2027.’ Industrial agitators are simple instruments used for the mixing of two types of liquids together. However, with time, industrial agitators are being used in more applications and for performing different functions such as keeping the homogeneous liquid bulk during storage, increasing the heat transfer and promoting the reaction between chemicals. Industrial agitators work on the basic principle where the rotation of the impeller is used for the blending of the liquids.

The global industrial agitators market is expected to grow at a CAGR of 7.8% during the forecast period. The industrial agitators market was valued at US$ 2293.4 Mn in 2018, and is projected to grow significantly to reach US$ 4487.6 Mn by 2027 due to the flexibility provided by industrial agitators to work in multiple industries and the increasing number of small and medium manufacturers across the world, which receive funding from venture capitalists as well as help from the governments of their countries of operation.

In this report, FMI has segmented the global industrial agitators market by type, by model, by end user and by region. By type, the industrial agitators market is sub-segmented into top entry industrial agitators, side-entry industrial agitators and bottom-entry industrial agitators. The top-entry industrial agitators sub-segment of the global industrial agitators market is projected to register a 69.0% market share at the end of 2018. In addition, in terms of volume, the top-entry industrial agitators sub-segment is also expected to register a CAGR of 7.8% during the forecast period.

Based on model, the industrial agitators market is sub-segmented into large-tank agitators, drum agitators, portable agitators and tote agitators. Due to the increasing demand from the paints & coatings industry as well as the inks & pigments industry, the tote industrial agitators sub-segment is expected to register a CAGR of 8.7% during the forecast period. In the recent years, industrial agitators have been gaining traction in the developing countries as there is an increase in the number of chemical industries where the industrial agitators find applications. It has been observed that an increase in the number of laboratories and research institutions is also driving the industrial agitators market due to an increase in the number of industrial agitators at research laboratories of the food, pulp & paper and similar other industries in the recent times. Due to these factors, the tote industrial agitators sub-segment is projected to create potential growth opportunities for the manufacturers of industrial agitators.

Based on end user, the global industrial agitators market is segmented into chemical, pharmaceutical, food & beverages, paper & pulp, waste & wastewater treatment, and oil, gas & petrochemical. In terms of value, the chemicals sub-segment is projected to register a CAGR of 8.8% during the forecast period, and, in terms of volume, the paper and pulp sub-segment is expected to register a CAGR of 8.5% during the forecast period. In addition, advancements in technology have resulted in an increase in the demand for application-specific customised industrial agitators, which is among the key factors expected to boost the market during the forecast period. Owing to these factors, the chemicals sub-segment of the global industrial agitators market is projected to register a 22.3% market share at the end of 2018.

In addition, the report covers the trends that drive all the segments and offers insights & analysis about the growth potential of the industrial agitators market in various regions, which include Europe (Germany, Italy, France, Spain, U.K. & the rest of Europe), Latin America (Brazil, Mexico & the rest of Latin America), APEJ (China, India, Malaysia, Australia, Singapore & the rest of APEJ), North America (U.S. & Canada), MEA (GCC Countries, Israel, South Africa & the rest of MEA) and Japan. The revenue contribution of APEJ is estimated to increase at a CAGR of 8.4% over the forecast period due to consistent innovations as well as an increase in the number of research activities at laboratories, which is fuelling the adoption of industrial agitators in this region.

According to FMI analysis, strategies such as product innovations, improvements in durability and others are estimated to boost the revenue, due to which the vendors of industrial agitators are likely to be able to reach new growth markets. Xylem Inc. is one of the prominent vendors in the industrial agitators market. The company offers industrial agitators for different end-users such as chemicals, pulp and papers etc. As per FMI analysis, Xylem Inc. plans to upgrade its existing products to enhance its customer base by providing an improved user experience. Some of the key players featured in the global industrial agitators market report include Xylem Inc., Silverson Machines Ltd., Dynamix Agitators Inc., EKATO HOLDING GmbH, Philadelphia Mixing Solutions, Ltd., Tacmina Corporation, SPX FLOW, Inc., Sulzer Ltd, Statiflo International Ltd., MIXEL Agitators, Mixer Direct Inc., Alfa Laval AB.

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Industrial Transceivers Market to Witness a Healthy Growth of 6.7% CAGR during 2018 – 2027

Recently, Future Market Insights (FMI) published a market report titled ‘Industrial Transceiver Market – Global Industry Analysis 2013-2018 and Opportunity Assessment 2019-2027.’ Industrial transceivers are most commonly used in the telecommunication, data management & data processing, and industrial automation sectors. The transmitting component as well as the receiving component are integrated into a single housing and are made to share the same circuitry. The resultant component is known as a transceiver. Ethernet, telephony and radio transceivers are some of the common industrial transceiver designs available in the market.

Most of the established industrial transceiver solution providers in the market are offering specialised industrial transceivers for different applications, such as smart grid, lighting, renewable energy, electric vehicles and motor control & drives, among other applications.

The global industrial transceiver market is projected to register at a CAGR of 6.7% during the forecast period. The global industrial transceiver market is estimated to be valued at US$ 2,234.0 Mn by the end of the forecast year 2020, and is expected to continue growing steadily to reach a market value of US$ 3,518.0 Mn by the end of the forecast period. This growth in the global industrial transceiver market can be attributed to an increase in the number of smart city projects and an ever-rising demand for low-power industrial automation.

In the industrial transceiver market report, FMI has segmented the global industrial transceiver market by application, by technology and by region. By application, the industrial transceiver market is segmented into smart grid, renewable energy, power management, electric vehicles, motor control & drives, lighting, telecommunication & data processing and automation. The low assessment and power consumption expenses related to the industrial transceiver technology are motivating industries to procure industrial transceivers. Owing to these factors, the power management applications of industrial transceivers are expected to record the highest growth rate of 8.1% during the forecast period of 2019 to 2027.

On the basis of technology, the industrial transceiver market is segmented into wavelength division multiplexing technology, multi-mode industrial transceivers and single-mode industrial transceivers. Multiple mode-transmissions are supported by the multi-mode industrial transceiver technology and feature a larger core as compared to single-mode and wavelength division multiplexing technologies. This factor is encouraging industries to accelerate the procurement of multi-mode industrial transceiver technology.

With respect to the geographical markets, the presence of a large number of providers of industrial transceiver solutions in the North America region is estimated to enable the North America industrial transceiver market to register a prominent market share by the end of the forecast period. The market in Europe is expected to hold the second largest share of the global industrial transceiver market by the end of the forecast year 2027. The industrial transceiver market in the Latin America region is expected to record the highest CAGR of 9.3% during the forecast period. The widespread deployment of industrial automation-enabling equipment in the telecommunication and data management sectors is expected to drive the Latin America industrial transceiver market in the coming years.

According to FMI analysis, long-term business contracts and partnerships are estimated to enable the manufacturers and suppliers of industrial transceivers to increase their sales and revenue generation. These business partnerships are also estimated to facilitate the development of new products and technology innovation strategies. The addition of electronic components, which are developed with a focus on customisation requirements, to the product portfolios of companies in the industrial transceiver market will enable them to generate demand for their products and boost their customer base. Texas Instruments Incorporated and Infineon Technologies AG are expected to hold a prominent market share of the global industrial transceiver market during the forecast period. Some market leaders and participants profiled in the global industrial transceiver market report are Fujitsu Optical Components Limited; ZTE Corporation; Huawei Technologies Co., Ltd.; Cisco Systems; Finisar Corporation; AMS Technologies; Analog Devices, Inc.; MaxLinear; Nordic Semiconductor; Renesas Electronics Corporation; Maxim Integrated; Microsemi; STMicroelectronics; Texas Instruments Incorporated and Infineon Technologies AG.

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Safflower Oil Market to Witness Robust Expansion throughout the Forecast 2018 – 2027

Future Market Insights (FMI) delivers key insights on the global safflower oil market in its forthcoming outlook titled, Safflower Oil Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2027‘. In this report, FMI offers insights on the dynamics of the safflower oil market, such as its medicinal value, demand for high oleic and linoleic oils amongst the health conscious consumers, and other factors such as changing agricultural landscape, and the way these dynamics have influenced the safflower oil market to project a CAGR of 5.1% over the forecast period.

The renowned link between oil and obesity is deemed more important than ever for the safflower oil market, which is a major driver for the demand for safflower oil across various end use sectors. Consumers, especially in regions such as North America, Europe, and Japan, are well aware of the nutritional profile of safflower oil, which boasts of a high linoleic acid content (low bad cholesterol and high good cholesterol). Hence, these consumers are increasingly including safflower oil in their daily diets. These are the same consumers who demand organic and healthy products, compelling many key manufacturers in the safflower oil market to switch raw material procurement from conventional to organic. This has paved the way for the greater availability of organic safflower oil in the market.

The appearance of high oleic and linoleic oil ingredients on packaged snack food labels and consumers’ high regard for these ingredients has also obliged manufacturers to include safflower oil in their products. Hence, the nutrient profile alone is a highly favourable factor driving the growth of the safflower oil market. The area under safflower cultivation is declining in major producing countries such as India, due to the growth in competition in the Indian market. Consequently, the production of safflower oil has also declined. However, with safflower oil being a traditional culinary agent, some Indian farmers continue to grow it, resisting the competition and positioning safflower oil as a unique alternative to traditional edible oils. It is the medicinal value of safflower that is bracing the hopes of these farmers. This is also reflected through the product offerings of some of the key Indian manufacturers who are strategizing on health product positioning in the safflower oil market. Moreover, over the past few years, organic safflower oil product offerings have been on the rise by India-based producers, which highlights the importance of safflower oil’s perceived health benefits by consumers.

Increasing urbanization in developing regions has led to a severe decline in the agricultural acreage. Since safflower is grown and safflower oil is processed in large quantities in these regions, this factor is impacting the safflower oil market in a major way. This factor is further burdened with low safflower oil yield, all of which are making the cultivation of safflower particularly difficult.

The report lays major emphasis on the market trends and restraints impacting each segment, and offers analysis and acumens of the potential of the safflower oil market in terms of value and volume, and average pricing analysis in various regions. APEJ is expected to register high growth rates between 2018 and 2027, while it is expected to be an important region in the safflower oil market, closely followed by North America through to 2027. Significant growth can be expected in the regions such as Western Europe, with a projected CAGR of 5.2%.

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The report also includes details of some of the manufacturers operating in the safflower oil market. The overview of the company, along with their strategies and key product offerings are the central component of the detailed company profiled in the safflower oil market report. Some of the key safflower oil players include Marico Limited, Gustav Heess Oleochemische Erzeugnisse GmbH, SunOpta, Connoils LLC, Oilseeds International, Ltd., Adams Group Inc., Centra Foods, Henry Lamotte OILS GmbH, Spectrum Organics Products, LLC, Moksha Lifestyle Products, Victor & Summat General Trading, Aryan International, Austrade Inc., Altınyağ Combine, Inc., and Stoney Creek Oil Products Pty Ltd, amongst others.

Blanket Market Pegged for Robust Expansion of 4.5% CAGR During 2018-2027

According to the market report published by Future Market Insights titled ‘Blanket Market: Global Industry Analysis and Opportunity Assessment 2018-2027,’ the revenue generated from blankets is estimated to be valued at over US$ 6,676.4 Mn in 2018, which is projected to increase at a CAGR of 4.5% during the forecast period (2018-2027).

The global blanket market has been surging at a significant rate in terms of value sales, which can be attributed to growth in the demand for blanket products, such as the electric blankets and regular blankets. Over the years, the global market has witnessed evolution in terms of product offerings and the quality of products. With the varying needs and demands of target customers in winter, the global blanket market has been witnessing the advent of new and innovative trends.

Factors, such as growing population, improving living standards in developing countries and an increase in the adoption of e-commerce for selling products globally, has led to the rapid growth of B2C business in various domains. Over the years, there has been a drastic change in consumer behaviour, and consumers are increasingly seeking products online and purchasing various products, such as FMCG products, clothes and others, through e-commerce, and this is contributing to the global growth of the blanket market. The growth of online sales channels worldwide, along with an increase in the portfolio of blankets through new product launches, is also projected to accelerate the growth of the global market. For instance, in 2014, Bombay Dyeing launched its own e-retail portal by developing mobile apps, which has made it convenient for customers to compare and buy varied types of blankets.

With technological advancements in every market, consumers are gradually inclined towards more convenient and technologically driven products available in the market. This is one of the critical factors that has helped drive the demand for electric blankets. The demand for electric blankets is being considered as one of the influential factors that are likely to help trigger the global demand for blankets over the forecast period.

The colours and patterns of blankets play a pivotal role in the buying behaviour of consumers. Taking into account the preferences and perceptions of consumers, most of the major shareholding blanket companies are now introducing blankets with the colours and patterns that are most preferred by consumers, along with features such as stain resistance and machine washable. At present, bold and dark colours being considered as the catchy colours among the consumers of today. For instance, rich blue throws for a sofa or chair in living rooms instantly makes them look trendy & catchy, which draws the attention of customers. Similarly, when it comes to the patterns and designs implemented on blankets, traditional and exotic patterns have proven to create a lasting impression in the minds of consumers. Especially in Asian countries such as India, China, etc., there is a higher preference for blankets with exotic pattern, which, according to consumers, brings a unique charm to modern interior decorating and designing.

Among the product types of the global blanket market, the regular blanket sub-segment dominates the segment as compared to the electric blanket segment in 2017. Similarly, among the material type segments, wool segment accounts for a higher value share as compared to other material types, i.e. cotton, polyester and others.  

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Key Players in the Blanket Market

The detailed profiles of companies are also included in the global blanket market report for readers to evaluate their performance, key product offerings and recent developments. Some of the key players profiled in the global blanket market study include Beurer GmbH; Shanghai Shenda Co. Ltd.; Boll & Branch Co.; Pendleton Woolen Mills; Biddeford Blankets, LLC; Kanata Blanket Company; Silentnight Group Ltd.; Shanghai Easun Group; The Bombay Dyeing and Manufacturing Company Limited; Morphy Richards Ltd.; Hudson’s Bay Company; Urbanara; American Blanket Company; Medline Industries, Inc.; Jarden Corporation; Barker Textiles; New Zealand Wool Blankets Ltd.; Klippan Textil AB and UAB Silkeborg.

Attractive Market Opportunities at 4.7% CAGR in the Microcrystalline Cellulose Market by 2028

Future Market Insights provides key insights on the global microcrystalline cellulose market in its latest report titled “Microcrystalline Cellulose Market: Global Industry Analysis 2013-2017 and opportunity assessment 2018-2028”, which examines the microcrystalline cellulose market and offers critical insights for the next ten years. Based on the findings specified in the report, the market is anticipated to witness healthy growth during the forecast period, backed by rapid urbanization, industrialization and the shifting consumer preference towards healthy and fibrous food. The outlook for the global microcrystalline cellulose market is anticipated to remain positive and the market is projected to expand at a value CAGR of 4.7% during the forecast period.

Approved Use of Microcrystalline Cellulose as a Food Ingredient by the FDA, EU & Indian Government supports Market Growth

Steady economic growth in emerging markets such as China and India along with rising per capita disposal income are the primary drivers for the growth of food & beverage, personal care and pharmaceutical sectors. This in turn will fuel the demand for microcrystalline cellulose during the forecast period. Moreover, the shifting trend towards outdoor eating habits and the increasing consumer preference for fibrous food and fat alternatives are among the other factors driving the growth of the microcrystalline cellulose market. Additionally, the FDA, European Union and Indian government approvals for the use of microcrystalline cellulose as a food ingredient further support the market growth. The food & beverage applications of microcrystalline cellulose includes various sectors such as dairy products, desserts, meats, frozen foods, and baked goods.

On the other hand, high production cost and low yield output may limit the potential applications of microcrystalline cellulose across various end-use industries. Market participants are emphasizing on shifting their production bases to China, India, Vietnam and Japan, due to the availability of raw materials at economical prices, presence of skilled labour and favourable regulations and government policies. Moreover, various market participants and research institutions are making investments to optimize the production of microcrystalline cellulose through non-wood based pulp (such as agricultural wastes) for use as an alternative to high-value wood pulp.

By Material Type, Wood-Based Segment Dominates Microcrystalline Cellulose Market with a Lion’s Share

  • On the basis of material type, wood-based microcrystalline cellulose is derived from wood pulp and the wood-based segment dominates the global market. The wood-based segment dominates the global market with a lion’s share; however, the non-wood based segment is projected to witness lucrative growth backed by the increasing need for economical sources of MCC. This has resulted in the exploration of other lingo-cellulosic materials and such exploration activities are set to drive the growth of the non-wood based microcrystalline cellulose segment over the course of the forecast period
  • On the basis of application, microcrystalline cellulose is primarily used in the pharmaceutical industry as a binder and disintegrating agent, owing to its chemical inertness, non-toxicity and bio-degradability. Another lucrative application of microcrystalline cellulose is in the food & beverage industry as an anti-caking agent and a fat alternative. Pharmaceutical and food & beverage segments collectively accounted for about 70% of the overall consumption of microcrystalline cellulose in 2017 and are expected to follow the same trend through the forecast period.

SEA & Other APAC, China and India to account for Significant Demand Growth in Microcrystalline Cellulose Market

The North America region dominated the global microcrystalline cellulose market in 2017 and is anticipated to witness steady growth during the forecast period. Growth in the demand for microcrystalline cellulose is anticipated to be centered towards SEA & Other APAC, China and India, driven by the growing population, rapid industrialization and urbanization in these regions. SEA & Other APAC, China and India are collectively estimated to create about half of the total opportunity in the global microcrystalline cellulose market during the forecast period. In 2017, about 25% of the market for microcrystalline cellulose in food & beverages applications in North America, 20% in China, 17% in Western Europe and 6% in Japan.

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Global Microcrystalline Cellulose Market: Vendor Insights

The global microcrystalline cellulose market is moderately fragmented with a large number of manufacturers present around the globe. Some of the leading market participants included in the global microcrystalline cellulose market report are DowDupont Inc., Asahi Kasei Corporation, Roquette Frères, Mingtai Chemical Co., Ltd, Accent Microcell Pvt. Ltd, JRS Pharma, NB Entrepreneurs, Pharmatrans-Sanaq AG, DFE Pharma and Wei Ming Pharmaceutical Mfg. Co., Ltd.

Ginseng Market to Discern Magnified Growth of 4.8% CAGR During 2018-2027

Future Market Insights (FMI) delivers key insights on the global ginseng market in its upcoming outlook titled, ‘Ginseng Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2027‘. In terms of value, the global ginseng market is projected to experience a healthy CAGR of 4.8% during the period of forecast, due to various factors such as globalization and increase in consumer acceptance for oriental and Asian flavors and demand for Chinese herbal medicine.

Ginseng is a very popular herbal medicine, and has been used for more than 4,500 years. Many research studies provide support for the use of ginseng in the management of heart problems, diabetes, hypertension, hyperlipidemia, and various other health issues. It has been used as a herbal medicine in China for a very long time. On the basis of source, the ginseng market can be segmented into wild and cultivated ginseng.

The availability of wild ginseng has declined in various regions around the world, including China, South Korea, etc., due to less seed germination, slow maturation, and overexploitation, and therefore, there has been a meteoric rise in the price of wild ginseng. As there has been a limitation in the availability of wild ginseng, the cultivation of ginseng has increased to fulfill the needs of consumers. The prices of cultivated ginseng are less as compared to wild ginseng, and depend on the age of the ginseng root. The demand for cultivated American ginseng is increasing across the world, with China as one of the leading consumers.

Organic Ginseng Entices Health-Conscious Consumers

The excessive use of chemicals during crop cultivation causes degradation of the soil, and therefore, has an adverse effect on crop productivity. These chemicals further enter the food chain and can cause side-effects in humans and other living organisms. The awareness among consumers about the health hazards due to these chemicals has increased, and therefore, they prefer the use of organic products. Due to this trend, manufacturers have started producing organic ginseng products to satisfy the requirements of consumers.

The Emergence of Ginseng in the Personal Care Industry

Ginseng has applications in food, beverage, nutraceutical, and pharmaceutical industries. Recently, it has been used in personal care products such as moisturizers, cleansers, softeners, exfoliators, serums, essences, etc. It has an antioxidant property that can help cure dry and damaged skin. Ginseng also provides anti-aging benefits and improves the blood flow, which enhances the natural glow of the skin. In recent years, the use of beauty and personal care products has increased amongst various age groups, which is likely to have a favourable impact on the demand for ginseng. Due to changing lifestyles and the influence of Western culture, the demand for personal care products is anticipated to increase in the Asia Pacific region. The use of ginseng in a variety of beauty products is likely to increase during the forecast period. Europe and North America are also expected to provide profitable growth opportunities for the ginseng market. The utilization of ginseng in the personal care industry is expected to grow at a CAGR of 4.7% in revenue terms during the forecast period.

This report covers the trends that are driving each segment, and provides analysis and insights of the potential of the ginseng market in particular regions. Asia Pacific is expected to register a high growth rate between 2018 and 2027, and China, which is one of the largest importers of ginseng, is expected to set the pace for ginseng demand over the forecast period. According to market attractiveness, China and South Korea are relatively more attractive regions in the ginseng market.

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Detailed profiles of the players have also provided in the scope of the report to evaluate their long-term and short-term strategies, key offerings, and recent developments in the ginseng space. Key ginseng players include Korean Ginseng Export Corporation, Organika Health Products Inc, Daedong Korea Ginseng Co., Ltd., Ilhwa Co. Ltd., Korea Ginseng Corp., Ningbo Gianon Biotech Co., Ltd., RFI Ingredients, Inc., Koshiro Co Ltd., Sino-Nature International Co., Ltd., and Shanghai FanPharma Co., Ltd., amongst others.

Neurosurgery Surgical Power Tools Market Projected to Gain Significant Value of US$ 123.2 Mn by 2028

Technological advancements in electrical neurosurgical drills power tools over the years have resulted in reduced post-operative pain and discomforts, which is expected to contribute to the growth of the global Neurosurgery Surgical Power Tools. Technological advancements, coupled with increasing number of skull-based surgeries and craniotomy procedures are projected to increase the adoption of Neurosurgery Surgical Power Tools globally.

According to the latest research by the company, the global Neurosurgery Surgical Power Tools market is expected to account for over US$ 123.2 Mn, in terms of value, by 2028 end. The report further projects a steady growth rate for the neurosurgery surgical power tools market through 2028. The neurosurgery surgical power tools efficiently reduce the number of activities during a surgery due to their light weight and adjustable speed. They reach the smallest regions of the brain and skull.

Increasing prevalence of neurological disorders—brain injuries and cerebral disorders—presence of large patient pool, and advent of new neurosurgery surgical power tools are factors expected to drive the growth of the neurosurgery surgical power tools market during the forecast period.

The companies operating in the market are adopting strategic approaches in order to increase their product reach in the global neurosurgery surgical power tools market. The need to make improvements in the surgeries to avoid mishaps, reduce post-operative pain and trauma is the prime factor expected to increase the adoption of neurosurgery surgical power tools.

Increasing product approvals of neurosurgery surgical power tools and number of neurosurgeons opting for modern devices are also expected to boost the growth of the neurosurgery surgical power tools market. Neurosurgery surgical power tools are available with attachments that help in deciding the least damaging routes. The new neurosurgery surgical power tools have replaced the older versions with reduced thermal warming and integrated motors, which are much more reliable. 

Neurosurgery surgical power tools market is consolidated in nature with three players accounting for majority of the global revenues.  The companies operating in the market are focusing on launching new electric Electrical Neurosurgical Drills to further increase precision during surgeries. The manufacturers are conducting product awareness and training programs for surgeons and practitioners to boost end user product penetration and gain maximum revenue share in the global neurosurgery surgical power tools market.

According to the Neuroscience Institute, around 3,600 neurosurgeries are performed annually. Experts note that device operating risks associated with neurosurgeries are projected to hamper the growth of the neurosurgery surgical power tools market. This factor is expected to negatively impact the growth of the global neurosurgery surgical power tools market over the forecast period.

According to the report, the electrical neurosurgical drills segment accounted for over 58% revenue share in the global neurosurgery surgical power tools market in 2017. Furthermore, the pneumatic neurosurgical drills segment accounted for 42.1% revenue share in neurosurgery surgical power tools market. Moreover, the popularity of electrical neurosurgical drills is also increasing, which is expected to limit the growth of other segment of neurosurgery surgical power tools in the near future. Electrical neurosurgical drills in the Asia Pacific market is expected to be the lucrative segment over the forecast period in the global neurosurgery surgical power tools market.

The company has segmented the global neurosurgery surgical power tools market into electrical neurosurgical drills, which offer high speed and torque, and pneumatic neurosurgical drills. In terms of revenue, the electrical neurosurgical drills segment in the neurosurgery surgical power tools market is expected to hold significant revenue share over the forecast period.

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The company’s report tracks some of the key companies operating in neurosurgery surgical power tools market, including Stryker Corporation, ADEOR MEDICAL AG,  AYGUN CO., INC, B. Braun Melsungen AG, De Soutter Medical, Johnson & Johnson Services, Inc., ACRA-CUT Inc., KARL STORZ SE & Co. KG, and Medtronic plc., among others.

Steel Drums Market to Remain Lucrative by 5.4% CAGR During 2018-2027

FMI delivers key insights on the global steel drums market in its published report, titled “Global Steel Drums Market”. In terms of revenue, the global steel drums market is estimated to grow at a CAGR of 5.4% during the forecast period – 2018-2027, owing to numerous factors, about which FMR offers thorough insights and forecasts in this report. The Asia Pacific steel drums market is expected to remain in the foremost position, during the forecast period.

Steel drums are used for storage and transportation of both hazardous and non-hazardous materials such as chemicals, coatings, paints and oil, etc. The main factor driving the steel drum market is its ability to be reconditioned or recycled for reuse. This factor ranks steel drums high in sustainability and leads to significant back-end cost savings.

The two main categories of steel drums are tight-head steel drums and open-head steel drums. 55-gallon steel drum is used as a standard as it provides high convenience. It is considered that, 55-gallon steel drums can be handled easily without the use of special tools or machines.

In the report, FMI suggests that the chemical & solvents segment by end use is expected to play a crucial role in the growth of the steel drums market during the forecast period. Dye, glues, and various other solvents are considered under the chemical segment. The steel drums market is expected to witness significant growth in many developing countries owing to the rise in demand for steel drums in the chemicals as well as oil and solvent industries.

Research also suggests that the oil and lubricants segment is estimated to have promising potential in the development of the steel drums market. The growth is primarily credited to the contribution of countries like China, India, and ASEAN countries in the APEJ region. Manufacturers in the market are expanding their production capacity and introducing new specifications in steel drums to ensure secure transportation.

Europe is expected to have high potential growth, considering that most of the manufacturing sector has been captured by the chemical segment in steel drums. Countries in the APEJ region with strong agricultural output are improving their export volume by implementing effective means of storage, transport, and packaging solutions.

The outlook for the global steel drums market is thus expected to be positive during the forecast period. However, the fluctuation in raw material prices may hamper the steel drums market globally. According to the research done by FMI, the steel drums market has witnessed significant growth in the last ten years due to the swift demand from end-use industry.

High sustainability & eco-friendliness of steel drums is a major factor driving the market. The growing chemical industry, which is propelling the demand for high-capacity drums, is an important factor in the growth of the global steel drums market.

The growth in intercontinental trade is also escalating the demand for steel drums. The burgeoning demand from end-use applications such as chemicals, oil, and lubricants industries is also escalating the steel drums market. Steel drums maintain international shipping standards, according to the U.S. Department of Transportation.

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The key players in the steel drums market are focusing on expansion through organic and inorganic methods such as mergers, acquisitions, and collaborations. Key manufacturers in the market are innovating by introducing new specifications to the products. The manufacturers of steel drums are likely to eye the lucrative regions of China and India in APEJ during the forecast period.

Key players considered in the report on steel drums market include Grief Inc., Sicagen India Ltd., Mauser Group B.V., Industrial Container Services, TPL Plastech Ltd, Orlando Drum and Containers Corporation, Milford Barrel Co. Inc., Balmer Lawrie & Co. Ltd., Clouds Drums Dubai LLC, Sonoco Product Company, Patrick J. Kelly Drums, Myers Container, LLC, C.L.Smith, Eagle Manufacturing Company, Three Rivers Packaging Inc., Fibrestar Drums Limited, Meyer Steel Drum, Inc., Enviro-Pak Inc., Peninsula Drums Cc, and Great Western Containers.

New Opportunities to Fuel the Expansion of Waterproof Speaker Market at 7.0 % during the forecast period (2018-2027)

According to a market report published by Future Market Insights titled ‘Waterproof Speaker Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2027,’ the revenue generated by the market is estimated to be valued at US$ 6740.55 Mn in 2018, which is projected to increase at a CAGR of 7.0 % during the forecast period (2018-2027).

In the global waterproof speaker market, companies across the globe are focusing on research & developing and the launching of new product variants, which is a key factor driving demand for waterproof speakers across the globe. Companies operating in the market are constantly investing a significant amount on research and development activities to cater to the evolving needs of customers who are seeking authentic and specialised products. Waterproof speakers have standard features such as style, basic functionality and durability. Technological advancements in several audio devices has changed the manner in which people appreciate and play music. An increase in the demand for wireless-based audio devices, which include portable waterproof speakers with different connectivity options such as Bluetooth & Wi-Fi, sound-bars, headphones and microphones, has been witnessed in the audio industry. Moreover, the demand for waterproof speakers and similar other devices from end users is gaining traction. This has expected to drive the North America market over the forecast period.

The manufacturers of waterproof speakers have also adopted some key differentiating strategies. For instance, brands operating in the market are targeting mass consumers. They are also offering waterproof speakers with advanced features at competitive prices. The manufacturers of waterproof speakers are also seeking product innovation due to an increase in the awareness of consumers with respect to different brands in the waterproof speaker marketplace, as well as to maintain a proper value chain to reach the proper target audience and to reduce the cost of the final product. Manufacturers are focused on developing high-value waterproof speakers due to the rising consumer demand for better and more effective value-added products. Furthermore, the rising diversity of premium waterproof speakers on retail shelves is also expected to contribute to the increasing value share of the market in the near future.

Features, such as long-range connectivity, robustness and the availability of products on e-commerce platforms, are expected to boost the market. The functionalities of multi-room sharing via small devices, i.e., the pairing of multiple portable waterproof speakers via a single device to make compact devices produce louder sounds, are increasing the demand for waterproof speakers in the market. The rising popularity of waterproof speakers among the millennial population is also a major driver of the waterproof speaker market.

The global market is segmented on the basis of regions, which include North America, Latin America, Asia Pacific Excluding Japan (APEJ), Europe, Middle East & Africa and Japan. Among all the regions, the North America and Asia Pacific excluding Japan regions are estimated to have a substantial value share. The North America region is expected to grow with the highest growth rate of 8.3% owing to the growing number of smart homes in the region. In terms of revenue, the value of the market was US$ 6,327.4 Mn in 2017.

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Key Players in the Waterproof Speaker Market

Detailed profiles of companies are also included in the global waterproof speaker market report to evaluate their strategies, key product offerings and recent developments. Some of the key players profiled in the global waterproof speaker market study include Bose Corporation, HARMAN International, Apple Inc., Yamaha Corporation, Sony Corporation, Logitech International S.A., LG Electronics Inc., Samsung Electronics, Panasonic Corporation, Sound United LLC, Philips, LIXIL Group, Anker, Ematic, G-Project Gear, 808 Audio, ROCKVILLE, FosPower, AOMAIS and Altec Lancing.