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Hirschsprung Disease Treatment Market Estimated to Expand at a Robust CAGR By 2027

Hirschsprung Disease Treatment Market Overview

Hirschsprung disease is a condition in which certain nerve fibers are absent in the segment of the bowel results in partial or full blockage of a stool which further leads to severe infection and damage to the colon. The condition is present at the newborn period and later in infancy and childhood as a result of missing nerve cells in the muscles of the baby’s colon, and children are prone to a severe intestinal infection called enterocolitis which can be a life threatening. Mortality from enterocolitis or surgical complications in infancy is 25-30%. Hirschsprung disease is a common cause of chronic constipation. Hirschsprung’s disease is associated with certain inherited conditions, such as Down syndrome and other abnormalities present at birth, such as congenital heart disease. Hirschsprung’s disease occurs once in every 5,000 live births and is about four times more common in males than females.Hirschsprung disease affects all races; however, it is roughly three times more common among Asian-Americans. The main signs and symptoms of Hirschsprung disease are constipation or intestinal obstruction, usually appearing shortly after birth. Most often, an infant or a child with Hirschsprung disease will have other symptoms, including growth failure, swelling of the abdomen, unexplained fever, or vomiting. However, Hirschsprung disease can be treated, depending on the bowel condition and its severity and based on the patient’s symptoms and medical history; this is expected to reflect positive growth in the global Hirschsprung disease treatmentmarket.

Hirschsprung Disease Treatment Market: Drivers and Restraints

Technology advancements in healthcare related to research and development of new therapies and drugs are now curing life-threatening diseases and giving promising results. Increasing the prevalence rate of such diseases with increasing number of diagnosed infants with Hirschsprung Disease across the globe are driving the Hirschsprung Disease Treatment market. However, some of the restraints also are there that hamper the Hirschsprung Disease Treatmentmarket growth such factor are the lack of definitive treatment options & misdiagnosis of the diseaseand limited access to healthcare services in various countries.

Hirschsprung Disease Treatment Market: Overview

Continuous investment by government in clinical research to get the new ways to prevent, detect, or treat disease. Researchers also use clinical trials to look at other aspects of care, such as improving the quality of life for people with chronic illnesses.The National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK) and other components of the National Institutes of Health (NIH) conduct and support research into such diseases and conditions. This is expected to drive the growth of Hirschsprung Disease Treatmentmarket during the forecast period. Prognosis of Hirschsprung Disease with the help of diagnostic tests at regular intervals is also expected to propel the Hirschsprung Disease Treatment market.

Hirschsprung Disease Treatment Market: Region-wise Outlook

Based on geography, Hirschsprung Disease Treatment market has been segmented into seven key regions: North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, and Middle East & Africa. North America is relied upon to represent tremendous commitment under Hirschsprung Disease Treatment by income era due to well-developed diagnosis and treatment centers with affordability to health care facilities. Stimulated advancement in old technology and increasing awareness about disorders through government in Europe exhibits the rise of the Hirschsprung Disease Treatmentmarket. China, India are also relied upon to show high development rate, because of increases in research centers and adoption of these procedures in clinical practice with improved clinical outcomes that would push the Hirschsprung Disease Treatment market growth.

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Hirschsprung Disease Treatment Market: Key Market Participants

Some of the major key players of Hirschsprung Disease Treatment market constitute: Pfizer, Sanofi, Bayer Healthcare, Johnson and Johnson Merck & Co., Novartis AG, Bristol-Myers Squibb, Astellas Pharma, Inc., Eli Lilly and Company, Abbott, Panacea Biotech Ltd. Cipla Ltd., GlaxoSmithKline Dr. Reddy’s Laboratories Ltd, and Baxter International.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also includes projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

The regional analysis includes:

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

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Remote Endarterectomy Devices Market is driven by the increase in the incidence and diagnosis of peripheral vascular disease

Remote Endarterectomy Devices Market Overview

Remote Endarterectomy (RE) is minimally invasive procedure which is a combination of surgical and endovascular techniques. Remote Endarterectomy (RE) is performed through a small inguinal incision. Although it is implemented through a small inguinal incision, it allows the complete debulking of the arterial plaque. Remote Endarterectomy is basically used for the treatment of long-segmented superficial femoral artery (SFA) occlusive disease. This procedure is more preferred over other processes for the reason that, it is also used to treat iliac artery occlusive disease and stent removal. RE is a better and long-lasting alternative for the standard bypass procedures. Remote Endarterectomy Device are the devices which are mainly used to remove the severe atherosclerotic blockages from the major arteries of the leg in an invasive procedure requiring a single incision in the research. The current Remote Endarterectomy Device on the market has limited applications due to its design. Remote Endarterectomy is used in the peripheral vascular surgery to eliminate plaque from an occluded femoral artery. Use and maintain the native artery. Products which are presently used by the surgeons have restricted flexibility with a fixed diameter metal ring that cannot accommodate changes in the size of the artery and irregular, calcified plaque formation.

Remote Endarterectomy devices Market: Drivers and Restraints

The global Remote Endarterectomy device market is driven by the increase in the incidence and diagnosis of peripheral vascular disease. Moreover due to the shift to higher priced endovascular devices, the global remote endartectomy device market is increasing. Favorable reimbursement policies are likely to drive the global remote endartectomy devices market. The western healthcare standards adopted by the developing world is also driving the market. With a better designed Remote Endarterectomy devices, more surgeons would be willing to utilize this technique. Furthermore market consolidation, lack of skilled resources are the key factors which restrict the growth of global remote endartectomy device market.

Remote Endarterectomy devices Market: Overview

Based on the products, the global remote endartectomy devices market is segmented into aortic, carotid, lower surgery and lower extremity. Amongst all, carotid is most widely used across the globe. Based on the application, the market is segmented into long segment occlusions, stent removal and failed fem-pop bypass. Based on the end user, the market is segmented into hospitals, specialized clinics, medical device manufacturers and research centers.

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Remote Endarterectomy devices Market: Key Players

Some of the players identified in remote endarterectomy devices market include LeMaitre Vascular, Inc., Scanlan International, Inc., McLean Medical and scientific, Inc., , 3M Company, Accuray Incorporated, Alliqua BioMedical, Inc., Bovie Medical Corporation Scanlan group BV, Delcath Systems, Inc., ICU Medical, Inc., iRhythm Technologies, Inc., IsoRay, Inc., MiMedx Group, Inc., NeuroMetrix, Inc., Sensus Healthcare, Inc., NovoCure Limited, Penumbra, Inc., Valeritas Holdings, Inc., Teleflex Incorporated

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

The regional analysis includes:

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

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Emission Control Catalyst for Small Engines Market to reach US$ 1,420.9 Mn by 2031 – FMI

The global emission control catalyst for small engine market is anticipated to expand at a steady 4.4% CAGR over the forecast period between 2021 and 2031, finds Future Market Insights (FMI) in a recent market analysis. Expansion of construction and infrastructure industries will result in high sales of emission control catalysts for small engines over the forecast period.

Manufacturers of catalytic converters for small engines are providing a wide solution range for various applications, which includes lawn mowers, trimmers, chain saws, refrigerated transportation and others. This is one of the leading factors fueling the demand in the market.

Emission control catalysts are available for diesel and gasoline vehicle types. Selective catalytic reduction catalyst (SCR) is used in on-road and off-road applications. Some of the leading automobile manufacturers are using three way catalytic converters to reduce harmful emissions.

Expansion of the construction industry due to growing industrialization across the globe will present attractive prospects for the expansion of the market. Driven by this, the overall sales in the market will total US$ 1,420.9 Mn by the end of 2031.

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Geographically, the market is predicted to be dominated by North America. High demand for gardening tools will push demand for emission control catalysts for small engines in the U.S. This in turn will present attractive prospects for the growth of the market.

Key Takeaways:

By product type, the demand for gasoline based emission catalyst is expected to surge at 4.4% CAGR over the forecast period.
By application, construction segment in estimated to account for more than 37% of the sales in the market.
Germany will emerge as an attractive emission control catalyst for small engine market, with sales growing at a 4.3% CAGR in the forecast period.
Based on end use, the OEM segment is expected to register year-over-year growth of 3.6% in 2021.
South East Asia and India are anticipated to collectively account for 13.7% of the total emission control catalyst for small engine market in 2021.

“Leading manufacturers are focusing on making technological improvements. Besides this, they are investing in expansion strategies to strengthen their footprint, especially in emerging markets,” says an analyst at FMI.

Competitive Landscape

Key market participants in the global Emission Control Catalyst for Small Engine market elaborated in the report includes BASF SE, Johnson Matthey, Heraeus Holding, Solvay SA, Umicore, Corning Inc., Clariant AG, Tenneco Inc., NGK Insulators Inc., Nett Technologies Inc., Cataler Corporation and others.

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Major players in the emission control catalyst for small engines are investing in research & development for new product development. They also focus on expanding their manufacturing capabilities for emission control catalysts due to growing demand from customers across the globe. For instance:

In July 2021, Clariant AG announced the expansion and enhancement of their emission control catalyst production capacity in China and Germany to meet the growing global demand for emission control catalysts.
In March 2020, BASF SE announced that they have successfully developed an innovative Tri- Metal catalyst that enables partial substitution of high priced palladium with lower priced platinum in vehicles.

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Emission Control Catalyst for Motorcycle Market to reach US$ 5.4 Bn by 2031 – FMI

The global emission control catalyst for motorcycle market is anticipated to expand at a steady 5.8% CAGR over the forecast period between 2021 and 2031, finds Future Market Insights (FMI). Rapid expansion of automotive industry across the globe is one of the major factor contributing to the growing sales of emission control catalysts for motorbikes.

Emission control catalysts are used in all types of internal combustion engines. Stringent emission regulations to reduce harmful greenhouse gases in the environment worldwide is pushing the sales of catalytic converters.

Increasing sales of scooters and motorbikes due to growing preference for accessible and cost-effective automobiles in developing economies will surge the demand of emission catalysts. Subsequently, rising motorcycle sales, coupled with growing production of motorbikes in India and China is fueling the sales for emission control catalysts in motorbikes.

Further, increasing need to meet the emission standard regulations has encouraged the manufacturers to focus on development of new technologies to adhere to the requirements. Hence, surging adoption of palladium, used in catalytic converters to remove harmful gases such as carbon monoxide from exhaust emission system is boosting the market.

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As per FMI, India is expected to be the most attractive emission control catalysts for motorcycle market across the globe. Growth is attributable to the burgeoning sales of scooters and motorbikes in the country, coupled with stringent norms to reduce the carbon emission.

Backed by the aforementioned factors, the global emission control catalyst for motorcycle market is projected to top US$ 5,396.2 Mn by 2031.

Key Takeaways:

By product type, demand for palladium based catalyst is expected to surge at a 5.7% CAGR over the forecast period.
By application type, motorbikes segment is projected to hold approximately 74.9% of the total market share in 2021.
Rhodium based catalyst segment is anticipated to grow at 6.2% CAGR through 2031.
Emission control catalysts for motorcycle market in the U.S. is anticipated to exhibit 4.4% CAGR by the end of 2031.
China will emerge as an attractive market for emission control catalysts for motorcycles, with sales growing at a 5.5% CAGR during the forecast period.
India is expected to account for over one-third of the global emission control catalyst for motorcycle market share in 2021.

“Over the forecast period, sales of emission control catalysts are expected to be driven by the growing automotive industry across the globe. Also, growing population has resulted in high demand and production of motorbikes and scooters across India, China, and other countries in South & East Asia. Hence, key manufacturers are eyeing these regions to capitalize on the growing demand.” says an FMI analyst.

Competitive Landscape

Key market participants in the global emission control emission for motorcycle market includes BASF SE, Johnson Matthey, Heraeus Holding, Solvay SA, Haldor Topsoe, Umicore, NGK Insulators Ltd., Corning Inc., Clariant AG, Mitsui & Co. Ltd, Cormetech, Nett Technologies Inc. and others.

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Key players operating in the global emission control catalyst for motorcycle market are focusing on expanding their production capacities by setting up new manufacturing plants, especially across China and India.

They are also aiming for technological advancements for mass production of emission control catalysts.

For instance:

In March 2020, BASF SE announced that they have successfully developed an innovative Tri- Metal catalyst that enables partial substitution of high priced palladium with lower priced platinum in vehicles.
In Sept 2018, Heraeus Precious metals opened advanced precious metals factory in China. The new facility will enhance the company’s capacity to refine and recycle precious metals especially platinum which is used as emission and process catalyst for automotive industry.

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Emission Control Catalyst for Marine Market to reach US$ 1,531.3 Mn by 2031 – FMI

The global emission control catalyst for marine market is anticipated to expand at a steady 5.5% CAGR over the forecast period between 2021 and 2031, finds Future Market Insights (FMI) in a recent market analysis. Growing marine fleet size, along with increasing demand for shipping transportation is expected to drive the market over the assessment period.

Catalytic converters remove hydrocarbons, nitrogen oxides and carbon monoxide from exhaust fumes in marine engines. The International Maritime Organization (IMO) has implemented strict regulations for harmful emissions from vessels based on their date of engine installation. New marine engines are equipped with selective catalytic reduction catalyst (SCR) to reduce NOx emissions which is fueling the demand for marine catalysts.

Manufacturers of marine catalysts are offering a wide variety of emission control products and proprietary technologies for emission reductions in marine vessels. They are focusing on providing marine catalysts that comply with existing and anticipated emission regulations.

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Driven by this, the global emission control catalyst for marine market is expected to surpass US$ 1,531.3 Mn by the end of 2031.

As per FMI, the market is predicted to be dominated by China, and the trend is projected to continue over the forecast period. Many manufacturers are designing catalysts to comply with China’s marine engine emission standard, which is expected to continue boosting sales in the market.

Key Takeaways:

By product type, demand for diesel-based emission catalysts is expected to surge at a 5.5% CAGR over the forecast period.
By application, sales in the fishing boat segment are projected to account for more than 54% of the total market share in 2021.
The OEM segment is anticipated to grow at a 4.3% CAGR during the assessment period.
Sales of emission control catalyst for marine in the U.S. are projected to increase at a 5.1% CAGR during the assessment period.
China is anticipated to emerge as a key market in the East Asia emission control catalysts for marine market over the forecast period.
In Southeast Asia, demand in the Indonesia market will grow at a 6.1% CAGR through 2031.
Japan and South Korea will collectively account for 29.3% of the total emission control catalyst for marine Market share through 2021.

“Demand for emission control catalysts is expected to be driven by stringent regulations implemented to curb the emission of SOx, CO2, and other harmful gases from different types of marine engines. In addition to this, surging demand for diesel-based catalysts for commercial vehicles will fuel sales in the forthcoming years,” says the FMI analyst.

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Competitive Landscape

Key market players in the global emission control catalyst for marine market elaborated in the report includes BASF SE, Johnson Matthey, Haldor Topsoe, Heraeus Holding, Tenneco Inc., Alfa Laval, NGK Insulators, Cormetech, Cataler Combustion Corporation and others.

Manufacturers are focusing on sustainability and are aiming to increase research & development activities for the development of new products. In addition to this they are investing in production capacity expansions in response a growing consumer pool. For instance:

In January 2021, Hug Engineering introduced selective catalytic reduction solutions that abide to the IMO Tier 3 regulations on exhaust emissions for marine industry.

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Trimmer Acid Market to reach US$ 423.1 Mn by 2031 – FMI

The global trimmer acid market is anticipated to expand at a 3.9% CAGR over the forecast period between 2021 and 2031, finds Future Market Insights (FMI). Increasing demand of adhesives & sealants and synthetic lubricants is driving the market of trimer acid.

Growing utilization of trimer acid in polymers and other chemical products is further expected to boost the consumption of trimer acid market. Hence, demand for trimer acid in construction industry is expected to drive sales in the coming decade.

The construction chemicals market has been experiencing significant growth, which in turn, is impacting the trimer acid market positively over the forecast period. Increasing government investments for infrastructural developments and construction spending across the globe is increasing the use of trimer acid.

Application of trimer acid in the manufacturing of paints & protective coatings in building and construction sector are anticipated to be major growth drivers. Additionally, surging trend of bio-based adhesives and lubricants is expected to further boost the sales of trimer acid.

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However, environmental regulations pertaining to the use of chemically treated products and the concerns regarding rising prices of raw material is expected to be key factor hampering the growth of trimer acid market worldwide.

Key Takeaways:

In terms of application, coating segment in the global trimer acid market is dominating the market.
Rising demand for high performance adhesives is expected to provide growth to the adhesives & sealants segment, registering considerable growth between 2021 and 2031.
China and the U.S. is expected to be one of the key consumer in global trimer acid market owing to high presence of industries and raw materials suppliers in the country.
Russia is expected to dominate the Europe timer acid market throughout the assessment period on the back of increasing application in construction industry

“Rising demand for paints & coatings and increasing usage of adhesives & sealants, especially in electric vehicles and construction industry is projected to drive the market of trimer acid through the assessment period,” says an FMI analyst.

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Competitive Landscape

Key market participants in the global trimer acid market profiled in the report includes Wilmar International, Florachem, Oleon NV, Croda International Plc, Kraton Corporation, TCI Chemicals, Triveni Chemicals and many others.

Key players operating in the global trimer acid market are focusing on increasing their production capacities to boost their market footprint especially in the emerging economies. Furthermore, market participants are focusing on mergers, acquisitions and collaborations strategies to expand their global presence and strengthen their distribution network.

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Phosphates Market to grow with a growth rate of 2.7% during the forecast period of 2022 to 2031

The global phosphates market has witnessed steady demand from numerous end use industries including agrichemicals, animal feed, cleansers and detergents, food and beverages, water treatment and more. According to the latest study by Future Market Insights (FMI), the global market of phosphates is anticipated to grow with a growth rate of 2.7% during the forecast period of 2021 to 2031.

Ammonium phosphate and calcium phosphate are anticipated to remain key product types in the global market since they play a crucial role in the fertilizers industry. Diammonium phosphate, monoammonium phosphate, single super phosphate, and triple super are among the more commonly used variants.

With growing concerns over food security due to the rising global population, the demand for phosphate-based fertilizers is anticipated to increase in the coming years. Moreover, the decreasing arable land area all over the globe owing to urbanization and industrialization has fueled the growing demand for phosphates.

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The phosphate market is anticipated to witness a slowdown during the Covid-19 crisis owing to the decrease in the demand from the industrial sector. However, the market has witnessed a positive outlook during the crisis owing to the production of agricultural products and animal feed. These factors will prove crucial for continued growth of the global phosphates market.

Key Takeaways from Phosphates Market Study

The global phosphates market is anticipated to reach a value of US$ 21,169.7 Mn by the end of the forecast period in 2031.
Ammonium phosphate is expected to remain the dominant product type owing to higher agriculture applications accounting for three quarters of the global market through 2031.
China is dominant in East Asia with a value share of over 95% through 2031, supported by large scale agriculture and chemicals industries.
India will reflect above average growth with a CAGR of 3% through 2021, owing to its position as a leading agrarian economy.
Brazil will hold over 50% of the Latin America market through 2031, owing to government incentives towards large-scale agriculture practices.

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“Agrochemical sales have fueled the growth of phosphates significantly over the past few years owing to the demand for fertilizer products particularly in emerging agrarian economies such as India and China. Government incentives will support growth through 2031,” said a lead analyst at FMI.

Phosphates Market: Participant Insights

Key players are focusing on strategic expansions by expanding production capacity in emerging economies by setting up of new production units, collaborations and mergers and acquisitions of other market participants. They are focusing on strengthening of their product portfolio while strengthening distribution networks.

Market participants in the global phosphates market are Nutrien Ltd., The Mosaic Company, YARA International, EuroChem, Prayon SA, Ma’aden-Saudi Arabian Mining Company, PhosAgro, Jordan Phosphates Mines Company (PLC), Aditya Birla Chemicals, Israel Chemicals, KazPhosphates LLC, Sulux Phosphates Limited, Zimbabwe Phosphates Industries Limited, OCP Group, Innophos Holdings, Inc., Chemische Fabrik Budenheim KG, Haifa Chemicals ltd., URALCHEM JSC, Solvay SA, OCI Company Ltd., Cabot Microelectronics Corporation, Asia Union Electronic Chemical Corp., Hubei Xingfa Chemicals Group Co., Ltd., Yichang Municipal Pacific Chemicals Co., Ltd (YMPCC), Sichuan Blue Sword Chemical (Group) Co., Ltd., Foskor (Pty) Ltd., and Industries Chimiques du Senegal.

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Wind Power Coatings Market to reach US$ 3.5 Bn by 2031 – FMI

The global wind power coatings market is estimated to expand a11.3% CAGR over the forecast period between 2021 and 2031, finds Future Market Insights (FMI) in a recent market analysis. Increasing focus on alternate sources of energy has led to surge in wind turbine installation worldwide. This has in turn created conducive environment for sales of wind power coatings.

The installation of wind turbines has risen in tandem with the demand for cleaner energy sources. Application of wind power coatings is the essential step within wind turbine manufacturing. Besides protecting such a large and costly structure, wind power coatings also ascertain longer life span of wind turbines protecting them from corrosion, erosion, and wear and tear.

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However, application of wind power coatings require skilled labor and advance equipment. Unavailability of the same could hamper growth of the market.

Key Takeaways:

Global wind power coatings market value is expected to surpass US$ 3.5 Bn by the end of the forecast period.
The onshore coatings segment is expected to register maximum sales.
East Asia is expected to be the dominant region in terms of production and consumption of wind power coatings.
Demand from Japan and China will support sales of wind power coatings in East Asia.
Demand in the U.S. will grow by 9.8% year-on-year in 2021 backed by surging focus on expanding the renewable energy infrastructure.
The U.K. and Germany will emerge as highly lucrative market for sales of wind power coatings within Europe.

“In order to gain competitive edge, the market players are eyeing at strategic collaboration. Besides this, they are expanding their portfolio to include coatings with advanced features. This is expected to aid the expansion of the market in the coming years,” says an FMI analyst.

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Competitive Landscape

Key manufacturers of wind power coatings Includes Hempel A/S, PPG Industries, Inc., Covestro AG, Akzo Nobel N.V., BASF, The Sherwin-Williams Company, Jotun Group, Teknos Group Oy, 3M, Sika AG, Thomas Industrial Coatings, Mankiewicz Gebr. & Co. (GmbH & Co. KG), Bergolin GmbH & Co. KG, Duromar, Inc. and others.

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Methane Sulfonic Acid Market to reach US$ 1.13 Bn by 2031 – FMI

The global methane sulfonic acid market is anticipated to expand at a steady 4.9% CAGR over the forecast period between 2021 and 2031, finds Future Market Insights (FMI) in a recent market analysis. Growing electronics industry is boosting demand for methane sulfonic acid. The increasing demand from electronics and pharmaceuticals industry is expected to remarkably contribute towards the expansion of the methane sulfonic acid market.

Sales in the electroplating segment will grow due to the increasing consumption of electronics in daily use. Surging production of electronic items, pharmaceutical drugs & medicines are also bolstering the consumption of methane sulfonic acid. Increasing consumption of methane sulfonic acid in biodiesel production and chemical synthesis where it plays a crucial role as a catalyst, is expected to boost the market over the assessment period. Electroplating & pharmaceutical segment collectively hold the leading share in the global methane sulfonic acid market.

Methane sulfonic acids are widely used in a variety of industries for various applications, including electroplating, pharmaceuticals & medical, chemical synthesis, biodiesel production, and so on. Methane sulfonic acid has emerged as a green alternative for various acids and are used as a catalyst for different processes. Spurred by these factors, the methane sulfonic acid market is expected to reach more than US$ 1.13 Bn by the end of 2031 at a compound annual growth rate of 4.9 percent during the coming assessment period.

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As per FMI, the market is predicted to be dominated by East Asia. The region which is expected to continue leading the global market through the period of evaluation.

“Surging application in the production of electronics and consumer appliances will remain a chief growth driver. In order to capitalize on existing prospects, the market players are likely to customize their solutions as per industry specific requirements,” says an FMI analyst.

Key Takeaways:

By grade, demand for industrial methane sulfonic acid is expected to surge at a 5.0% CAGR over the forecast period.
The pharmaceutical grade methane sulfonic acid segment is projected to hold approximately 19.9% of the total market share in 2021.
Electroplating segment is anticipated to grow at 5.1 % CAGR through 2031.
Methane sulfonic acid market in the U.S. is anticipated to grow by 5.1% CAGR by year in 2031.
China will emerge as an attractive methane sulfonic acid market, accounting for maximum sales in East Asia.
Japan and South Korea will collectively account for 14.8 % of the total methane sulfonic acid market share through 2021.

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Competitive Landscape

Key participants in the global methane sulfonic acid market elaborated in the report includes BASF SE, Arkema Group, Hydrite Chemical Company, Oxon Italia S.p.A., Varsal Inc., Zhongke Fine Chemical, Hebei Yanuo Bioscience Co Ltd, Miles Chemical Company Inc., Xiaochang Jinji Chemical Co ltd and others.

Key players operating in the market are focusing on increasing utilization of methane sulfonic acid in electroplating of electronics items. They also are focusing on collaborations, mergers, and acquisitions to expand their production facilities and distribution channels. For instance:

In January 2020, as already announced at the end of 2018, BASF will proceed with the expansion of global capacities for methane sulfonic acid (MSA) to 50,000 metric tons per year. The volumes from the additional capacity are expected to be available from the end of 2021 and are dedicated to mainly serving European customers as well as the rapidly growing Asian market.

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3D Printing Materials Market to reach US$ 5.1 Bn by 2031- FMI

The global 3D printing materials market is anticipated expand at an impressive 14.0% CAGR over the forecast period. Rapid adoption of technologically advanced manufacturing equipment across various sectors is driving sales of 3D printers worldwide, which is expected to boost the market in the forthcoming years.

Raw materials such as plastics, ABS, PLA, metals & powders, carbon fibers, resins are some commonly used 3D printing materials. Growing trend of utilizing 3D printers to manufacture various kinds of small and large products are boosting the market.

In addition to this, increasing adoption of 3D printing in the building and construction sector is expected to augment the growth of the market. Furthermore, the expansion of automotive, aerospace, electronics and medical is anticipated to remain key growth driver of the global market of 3D printing materials.

As per FMI, North America is expected to remain a lucrative pocket in the global 3D printing materials market. Growth is attributable to the swift commercialization of novel technologies like 3D printing in various industries across the region.

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Key Takeaways:

By material type, sales in the metal segment are forecast to grow at a 14.9% CAGR over the assessment period.
Based on form, demand for powder 3D printing materials is projected to increase at a 13.5% CAGR through 2031.
In terms of applications, sales in the automotive sector are forecast to gain traction at a 13.6% CAGR over the forecast period.
The U.S. will emerge as a lucrative pocket in the North America 3D printing materials market.
Sales in the China 3D printing materials market are projected to increase at a 15.2% CAGR through 2031.

“Increasing adoption of 3D printing in the healthcare sector and the growing demand for 3D printed plastics for vehicle interiors are expected to drive sales in the market over the assessment period,” says an FMI analyst.

Competition Landscape

Key market participants in the global 3D printing materials market elaborated in the report includes Covestro AG, Arkema S.A., Sandvik A.B., Evonik Industries A.G., EOS GmbH Electro Optical Systems, Ultimaker B.V., Hoganas AB, The EXONE Company, General Electrics, 3D Systems Corporation, Materialise NV, STRATASYS LTD, and MARKFORGED Inc.

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Key market participants are focusing on development of innovative 3D printing products to improve their product portfolios. Besides this, players are also investing in mergers, acquisitions, and collaborations to expand their global presence. For instance:

In April 2021, Sandvik and its subsidiary BEAMIT Group announced a new capacity for additively manufacturing components in super-duplex stainless steel, an alloy that combines mechanical strength with extremely high corrosion resistance.

More Insights into the 3D Printing Materials Market Report

Future Market Insights has published a market research report on the 3D printing materials market that contains global analysis for 2016–2020 and opportunity assessment for 2021–2031. The report provides insightful analysis of the 3D printing materials market based on material type (plastics, metals and ceramics), form (filament, powder, liquid), application (electronics & consumers, automotive, medical, industrial, education and aerospace) across seven major regions.

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