Market Research Blog – Page 15012 – New Product Development

Passive Prosthetics Market Perspective, Comprehensive Analysis, Growth and Forecast 2019-2029

Attempts have been made by man to develop passive prosthetics from the beginning time of the loss of organs for cosmetic restoration. A Roman general named Marcus Sergius used a passive prosthetic hand to successfully return into the battle. Passive prosthetics can be of two types, static or adjustable. Nowadays, unlike the static (passive) prosthetics, the adjustable (passive) prosthetics offer more recognition in the market due to its adjustable mechanisms. There are various types of passive prosthetics available in the market to substitute different body parts such as silicon ear, prosthetic foot, prosthetic knee, prosthetic legs, prosthetic hand, passive prosthetic arm etc. However, it is expected as a great choice among the users who do not require specific control or grasp but still seek a cosmetically pleasing body part. Organizations, such as the International Committee of the Red Cross (ICRC), involved in creating passive prosthetic devices for developing countries. Countries such as the US, UK, Australia, India, China, Nepal, and New Zealand are currently engaged in making of low cost passive prosthetic devices for making them attainable for many amputees.

Passive Prosthetics Market: Drivers and Restraints

The absence of body parts/organs due to genetic or physical damage influenced social as well as the psychological state of human life. These conditions drive the demand for passive prosthetic devices particularly in cosmetics around the world. The awareness among the individuals about the appealing look by substituting the missed organs drives the demand for passive prosthetic devices in the developing as well as developed countries. Though, the idea of substituting the organs artificially very appealing, still the passive prosthetic devices suffered a high rejection rate. The advancement of active prosthetic devices and fragile design, insufficient functionality of hardware’s resulting little attention of the passive prosthetic devices to the clients. Also, due to the advancement of the active prosthetic devices with several degrees of freedom and advances in robotic technologies expected to hamper the demand for the passive prosthetics.

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Passive Prosthetics Market: Overview

The manufacturing of passive prosthetic devices is growing rapidly in last few years. The advancement of technology, availability of durable and high-quality materials and the consciousness among the people gradually increasing the manufacturing of the passive prosthetic devices. However, considering the importance of the passive prosthetic devices in human psychology as well as social life more technological advancement is required to optimize the quality, durability and functionality for high user adoption rate.

Passive Prosthetics Market: Region-wise outlook

The U.S. is expected as the leading market of passive prosthetic products due to a greater degree of awareness and among the people of this region to substitute the physical disability using passive prosthetic devices for their social life. The use of passive prosthetic products is descent in Europe and several Middle East countries. However, the South Asian countries such as India and China, the physical damage and genetic disability rate is high with high population and low awareness among the peoples about the road safety, which is expected to provide huge growth opportunities of passive prosthetic product to the market players.

Passive Prosthetics Market: Key Market Participants

Examples of some of the key market participants operating in the passive prosthetics market are COAPT LLC, Ossur (Ossur Americas), Fillauer LLC (Fillauer Companies, Inc.), Ottobock (Otto Bock Holding GmbH & Co. KG), WillowWood Global LLC, Endolite India Ltd (Prime Group), College Park Industries, Steeper Inc., TRS Inc., comprehensive prosthetics & orthotics USA, Liberating Technologies, Inc.,

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Stereotactic Biopsy Tables Market Trends, Strong Application Scope, Key Players, Growth Overview and Forecast by 2029

This Stereotactic Biopsy Tables market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Stereotactic Biopsy Tables market.

Stereotactic Biopsy specific type of biopsy which used the low dose x-ray imaging. The support platform used during the imaging of breast is referred as stereotactic biopsy tables. On this stereotactic biopsy tables small amount tissue from breast is removed and studies under the microscope. Stereotactic biopsy tables are specially designed examination table, on which patient can lie down their face and breast is freely hanging throughout the opening of table. Stereotactic biopsy tables can be moved or raised to perform the breast biopsy beneath the table. Breast can be placed on appropriate position and can be compressed during the breast biopsy procedure using the stereotactic biopsy tables. There are several advantages of stereotactic biopsy tables including adjustment of table via polar coordinate and all angles of 360 degree. Moreover, stereotactic biopsy tables biopsy procedure, efficient, intuitive and patient friendly. Additionally, ergonomic feature of stereotactic biopsy tables reduces the shoulder and back stress, and allow easy eye contact of patient with doctor.

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Stereotactic Biopsy Tables Market: Drivers and Restraints

Rising prevalence of breast cancer is the key factor propelling the growth of Stereotactic Biopsy Tables market. Also, rising adoption of Stereotactic Biopsy Tables for breast biopsy will fuel the growth of Stereotactic Biopsy Tables market. Moreover, comfort and ergonomic features of stereotactic biopsy tables has risen the demand for stereotactic biopsy tables during the breast biopsy procedures. Additionally, rising awareness among the people about the breast cancer due launch of several awareness campaign by NGO in both developed and developing countries will boost the demand for stereotactic biopsy tables. On other hand, Uncertainty in product approval by FDA can restrain the growth of Stereotactic Biopsy Tables market.

Stereotactic Biopsy Tables Market: Overview

The stereotactic biopsy tables market is expected to show exponential growth over the forecast period due to rising patient pool suffering from of breast cancer. Breast cancer is the most common cancer among the woman as the research by World Cancer Research Fund International. The same organization also stated that 19.3 per 100,000 women are suffering from breast cancer throughout the globe. According to Union Health Ministry of India, around 25.8 per 10,000 women are suffering from cancer in India. By technology, electronically operated stereotactic biopsy tables will gain more traction than mechanically operated stereotactic biopsy tables over the forecast period. Among all end user breast clinics segment of stereotactic biopsy tables market is anticipated to grow at faster pace that other segment over the forecast period.

Stereotactic Biopsy Tables Market: Regional Overview

U.S. is the most lucurative country for stereotactic biopsy tables market due to availability of improved healthcare infrastructure. Therefore, North America the dominant region for stereotactic biopsy tables market in term of revenue. After North America, stereotactic biopsy tables market is then followed by Europe and East Asia. The availability of favorable reimbursement scenario for breast biopsy in European countries will up boost the revenue growth of stereotactic biopsy tables market in Europe. On other hand, rising patient pool suffering from breast cancer in Japan and China will propel the growth of stereotactic biopsy tables market in East Asia region. In South Asia, India is most lucurative country for stereotactic biopsy tables market in term of revenue due to rising awareness among the people about breast cancer.

Stereotactic Biopsy Tables Market: Key Players

Examples of some of the market participants in Stereotactic Biopsy Tables market identified across the value chain are MPI Medical Inc., Devicor Medical Products, Inc., Hologic, Siemens AG, Aurora Imaging Technology, Inc., Planmed Oy, Metaltronica and others.

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Peptide Antibiotics Market Covid-19 Impact Analysis, Size, Share, Key Trends, Demand and Forecast till 2029

Peptide antibiotics belong to the class of anti-infective and antitumor antibiotic containing polypeptide chains. These peptide antibiotics usually fall into two categories ribosomal synthesized and non-ribosomal synthesized peptide antibiotics. Due to various benefits of peptide antibiotics such as high efficacy, high specificity, low toxicity, etc. the peptide antibiotics are highly in demand. Also, due to rising cases of antibiotic resistance creating a threat for the manufacturer, the peptide antibiotics were taken into account to overcome the above issue. The intensive research and development activities in the field of peptide antibiotics are likely to create more scopes and opportunities for the market players over the forecast period.

Peptide Antibiotics Market: Drivers and Restraints

Increasing demand for peptide antibiotics in hospitals and clinics is the major factor driving the growth of the peptide antibiotics market. The intensive research and development activities in the field of peptide antibiotics are further anticipated to support growth of the peptide antibiotics market. The market players are heavily investing in the research and development activities to expand the applications of peptide antibiotics. Also, the growing competition among the market players and rapid upsurge in the number of manufacturers are further expected to aid in the growth of the peptide antibiotics market. Also, the increasing FDA approval of peptide antibiotics drugs and stringent reimbursement policy is boosting the growth of the peptide antibiotics market. Recent advancement and innovation in the field of peptide antibiotics are creating a favourable scenario for peptide antibiotics market. However, there are many side effects associated with the long term use of the peptide antibiotics, which in turn is hampering the growth of the peptide antibiotics market.

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Peptide Antibiotics Market: Overview

The peptide antibiotics market is projected to witness prominent growth during the forecast period. On the basis of product type, the peptide antibiotics market is categorized into ribosomal synthesized peptide antibiotics and non-ribosomal synthesized peptide antibiotics. Among the product type, non-ribosomal synthesized peptide antibiotics segment is expected to dominate the peptide antibiotics market, owing to the increasing demand and availability of these peptide antibiotics. Among the route of administration, the oral segment is expected to dominate the peptide antibiotics market. Based on the distribution channel, retail pharmacy is accounted to have a significant market share in the peptide antibiotics market due to higher patient footfall.

Peptide Antibiotics Market: Regional Wise Outlook

The Peptide antibiotics market is anticipated to experience robust growth in the near future. North America is accounted to have a significant market share in terms of revenue and is expected to dominate the peptide antibiotics market over the forecast period. This is attributed to the presence of market players in the region and increasing demand for antibiotics in the region. Also, the increasing R & D activities in the region are further anticipated to surge the peptide antibiotics market growth in the region. Europe is expected to be the second most lucrative region, owing to the higher adoption of peptide antibiotics in the region. Also, improvement in healthcare infrastructure facility and FDA approval of peptide antibiotics is further anticipated to boost the growth of the peptide antibiotics market in the region. The Asia Pacific is projected to witness significant growth over the forecast period. This is due to the rising awareness of people towards their health and increasing disposable income in developing countries like India, China, etc. Latin America is subjected to register stable growth in the peptide antibiotics market.

Peptide Antibiotics Market: Key Players

The Key players operating in peptide antibiotics market are Novartis, Eli Lilly & co., GlaxoSmithKline Plc., Pfizer, Theravance Biopharma, Vicuron Pharmaceuticals, AMP Therapeutics, Savara Pharmaceuticals, Pacgen Life Science Corporation, and Kasten

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Bone Distractors Market Analysis (COVID-19 Analysis) – Industry Insights, Drivers, Top Trends, Global Analysis, Forecast and Opportunities to 2029

This Bone Distractors market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Bone Distractors market.

Bone distractors are surgical instruments used in various surgical process. Bone distractors are especially used in the surgical process called distraction osteogenesis. Surgical processes may include podiatric surgery, orthopaedic surgery, oral and maxillofacial surgery for fixation or correction of skeletal deformities. Bone distractors are used to pull the two pieces of bone apart slowly during reconstructive surgery. After a bone is incised during surgery, a device called a bone distractor pulls the two pieces of bone apart slowly. Bone distractors remain attached till the new bone grows up to fill the gap in response to the applied graduated tensile stress across the bone gap. Bone distractors are eventually removed when there is sufficient bone consolidation at the site of surgery.

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Bone Distractors Market: Drivers and Restraints

Bone distractors are utilized by numerous surgeons and specialists to compensate dissymmetry because of congenital malformations, diseases or injuries. Surge in the cases of traumas is expected to boost the market growth for bone distractors during the forecast period. The advantages of the bone distractors during distraction osteogenesis is to obtain bone extension together with synchronous expansion of the functional soft tissue matrix including skin, nerves, blood vessels, muscles, and cartilage. These advantages are preferred by surgeons, resulting in increased demand and thus benefiting the market for bone distractors. Steady technological progressions by prominent players operating in the bone distractors market and key manufacturer presence in developed regions is anticipated to push forward the market growth for bone distractors. On the contrary, rising economies, middle & low-income nations lack the awareness about the technology associated with bone distractors which could further hamper the market development for bone distractors over the course of forecast.

Bone Distractors Market: Overview

Based on the application, the global bone distractors market is classified into three types, namely, orthopaedic surgery, podiatric surgery, orthodontic surgery, and oral and maxillofacial surgery. Oral and maxillofacial surgery bone distractors are expected to hold the maximum revenue share in the bone distractors market. Based on product type, bone distractors market is divided into three segments, namely, Jaw Distractors, Alveolar Distractors, and Implantable Bone Distractors. The advantages of using bone distractors in bone rehab surgeries is expected to propel the global market of bone distractors in healthcare sector exponentially.

Bone Distractors Market: Region-wise Outlook

Geologically, the worldwide bone distractors market is fragmented into viz. North America, Latin America, East Asia, South Asia, Europe, Middle East and Africa, and Oceania. North America is anticipated to be a dominant business sector in the global bone distractors market because of the accessibility of cutting-edge healthcare infrastructure and surgical centers and availability of advanced medicinal services unit. Extending medical ventures and services unit foundations in the Asia Pacific is expected to hold a generous development pace of bone distractors market. However, due to lack of advanced healthcare infrastructure and specialty clinics MEA region is anticipated to be the least lucrative business sector for bone distractors market.

Bone Distractors Market: Key Market Players

Some of the market participants in the global bone distractors market identified across the value chain include: Acumed LLC, Innomed, Inc, Stryker, DePuy Synthes, Zimmer Biomet, Arthrex, Inc, KLS Martin Group, Vilex In Tennessee, Inc, Ortho Max Manufacturing Company Pvt. Ltd, and others.

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Single Use Endoscopes Market Insights with Upcoming Trends Segmentation, Opportunities and Forecast to 2029

The Single Use Endoscopes are one step endoscopy solutions offering the feasibility in management of endoscopy procedure that are pre-screened and are non-reusable offering high degree of sterile equipment, resulting in a patient-ready single use endoscopes. If there is a contamination or obstacle in the endoscope, the patient can receive contaminated device during the procedure. The single use endoscopes also optimize the procedural outcome of the endoscopy. The Single Use Endoscopes is an advanced solution providing high degree of endoscope usability and functionality with full technical capabilities for endoscopic procedure. The Single Use Endoscopes also utilizes the standard process management protocol to ensure quality and safety in the endoscope use. Current measurers ensure the high quality of care and reduces the chances for devices induced infections.

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Single Use Endoscopes Market: Drivers and Restraints

The major factor driving the growth of Single Use Endoscopes is growing complication of the endoscope reprocessing systems utilized during endoscopy procedure. As per the data from American Journal of Infection Control approximately 71% of reprocessed endoscopes sample contained some form of microbial growth, resulting in post procedure complication. The endoscopes system fails to ensure the total sterilization is achieved after the procedure. Which anticipated to propel the demand for single use devices as the essential tool in the endoscopy procedure involving non-reusable probes. Technological void in the endoscopy reprocessing are on of the growing safety and sterilization concern. The growing adoption of endoscopy procedure is anticipated to offer new growth opportunity to the Single Use Endoscopes market. Increasing number of the regulatory approvals from the governing bodies such as CE mark and FDA are anticipated to boost the demand for the singe use endoscope in the market, thereby propelling the growth of the single use endoscopes market. As in recent advancement the AMbu AS received its FDA clearance for its single use endoscopes for US market. Offering competitive advantage over the market player in the single use endoscope market. The Single Use Endoscopes also offer high technological assistance during procedure with the high bending angle and precession tip facilitating the navigation. Thereby anticipated to increase the adoption of Single Use Endoscopes and subsequently aiding the growth of the Single Use Endoscopes market. The advantage of Single Use Endoscopes permits the high level of patient safety and standardization by providing cautionary advantage to the care providers. In safety precision cases such as self-illumination and high quality images. High preferences given to the tracking system by healthcare providers is anticipated to offer new growth opportunity in the endoscopy tracking systems market. However, the high adoption of the reusable endoscope and low cost is anticipated to restrain the growth of the Single Use Endoscopes Market.

Single Use Endoscopes Market: Overview

The Single Use Endoscopes market displays the oligopoly nature. Key manufacturer are predominantly working on providing solution for assaying high sterilization degree in endoscopy. As per the data from agency for healthcare research Approximately 55 million endoscopy procedure are performed in the US alone which signifies the utilization of endoscopes and single use endoscope systems. Thereby anticipated to create new growth opportunities in the Single Use Endoscopes market. Media campaigning’s promoting the every two year digestive systems scanning by endoscopy is raising awareness among general population. Thereby anticipated to create demand for endoscope system and subsequently aid in the growth of the Single Use Endoscopes Market. The manufacturers in the Single Use Endoscopes are primarily concentrated on the improving assessment and technological mechanism of the endoscope platforms. Due to the engraved traditional measure in endoscope reprocessing and tradition endoscope system offer limited growth potential. Furthermore adoption of new single use device in medical industry is anticipated to offer new growth opportunities for the Single Use Endoscopes market.

Single Use Endoscopes Market: Region-Wise Overview

The Global Single Use Endoscopes market is segmented into the following regions – Latin America, North America, Europe, South Asia, East Asia, Middle East & Africa and the Oceania. North America is the prominent regional market for Single Use Endoscopes due to growing adoption of the endoscopy systems, fueling the demand for the non-conventional measurers for the endoscopy procedure. In East Asia, china is dominating Single Use Endoscopes market due to increasing awareness for endoscopy related Infection and developing perception about the endoscopy process. Latin America Single Use Endoscopes market is anticipated to grow at lower growth rate owing to use of traditional measure for reprocessing. South Asia is expected to grow at significant rate owing to growing adoptions for advanced medical technology. Growth in Middle East and Africa is considerably low due to low lower acceptance of the new medical single use devices in the regions.

Single Use Endoscopes Market: Key Participants

Examples of some of the key participants in the Single Use Endoscopes market are Hill Rom Holdings, Inc., OBP Medical Corporation, Boston Scientific Corporation, Flexicare Medical Ltd Ambu A/S, among others.

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Preoperative Skin Preparation Market Growth Trends, Key Players, Competitive Strategies and Forecasts to 2029

Preoperative skin preparation refers to the prior treatment of the skin at incision site of the patient going under an operation. The point of this methodology is to lessen the resident and transient microbial burden on the patient’s skin as much as possible prior to making the surgical incision at the skin barrier. Preoperative skin preparation incorporates not only the intended surgical site but also a more extensive region of the patient’s skin and for the most part happens when the patient is already positioned on the surgical table. Preoperative skin preparation is also important because it reduces the risk of post-operative surgical site infection as the skin is a major source of pathogens. Surgical site infection represents a noteworthy source of morbidity and mortality among patients experiencing surgery. It occurs up to 30 days after surgery and affect either the incision or deep tissue at the surgical site. The Centers for Disease Control and Prevention guidelines for the prevention of surgical site infections emphasize the importance of good preoperative skin preparation. The procedure of preoperative skin preparation involves hair clipping and application of different alcohol-based solutions and antiseptic creams.

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Preoperative skin preparation Market: Drivers and Restraints

Expanding number of injury cases and massively developing number of surgeries worldwide all together contribute to the significant growth in usage of preoperative skin preparation products and is expected to elevate the growth of preoperative skin preparation market, globally. Also, the rising count of invasive procedures happening worldwide to treat various number of diseases and conditions is also expected to boost the market of preoperative skin preparation, globally. Moreover, growing awareness about surgical site infection which results in significant clinical problems and increased days of hospitalization and treatment cost paves the way for the potential growth of the market for preoperative skin preparation market. However, non-availability of high quality preoperative skin preparation products in some regional market may slow down the growth of the preoperative skin preparation market.

Preoperative skin preparation Market: Overview

Based on the application, the global preoperative skin preparation market is classified into two types, namely, Hair removal and Skin Antiseptics. Skin Antiseptics is expected to hold the maximum revenue share in the market of preoperative skin preparation. Further, in hair removal segment, surgical clippers is expected to hold the maximum revenue share in the preoperative skin preparation market. In Skin antiseptics segment Alcohol and Chlorhexidine-based preoperative skin preparation product is expected to hold the maximum revenue share in the preoperative skin preparation market. Based on the end-user, preoperative skin preparation market is divided broadly into four segments, namely, Hospitals, Intensive care units, Ambulatory surgical centers and Specialty clinics. The importance of using preoperative skin preparation products prior to surgical incisions during operation is expected to propel the global market of preoperative skin preparation in healthcare sector exponentially.

Preoperative skin preparation Market: Region-wise Outlook

Geologically, the worldwide preoperative skin preparation market is fragmented into viz. North America, Latin America, East Asia, South Asia, Europe, Middle East and Africa, and Oceania. North America is anticipated to lead the business sector in the global preoperative skin preparation market because of the availability of state-of-the-art surgical centers, good healthcare infrastructure and availability of advanced medicinal services unit. Rising number of medical ventures and services unit foundations in the Asia Pacific is expected to experience a constant development speed of preoperative skin preparation market. However, Middle East and Africa is anticipated to be the least lucrative business sector for preoperative skin preparation market.

Preoperative skin preparation Market: Key Market Players

Some of the market participants in the global preoperative skin preparation market identified across the value chain include: 3M, BD, Cardinal Health, Biomerieux SA, Medline Industries, ME Medical AG, Johnson & Johnson, Kent Scientific Corporation, and others.

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Butyl Glycol Market is expected to top US$ 4.14 Bn by the end of 2029

The global butyl glycol market is estimated to surpass US$ 3.23 Bn by 2022. Growing application of butyl glycol as a coupling agent and solvent across household cleaning and industrial sectors is propelling the demand in the market.

As per Future Market Insights (FMI), the sales in the butyl glycol market are expected to top US$ 4.14 Bn by the end of 2029, expanding at a CAGR of 3.6% during the forecast period 2022-2029.

Rising demand for paints and coatings is witnessed among the populace of advanced and emerging economies for enhancement of commercial and residential projects, including houses, industrial towers, and others, which is set to drive the butyl glycol market, suggests FMI’s study. In addition, high miscibility and coupling property of butyl glycol with other solvents are making them a great fit for cleaning and maintenance of residential and industrial premises.

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The pursuit of an agent with highly favorable physical and chemical characteristics has been amplifying all across the globe. With regulators imposing restrictions on the utilization of butyl glycol due to its hazardous impact on exposure to humans, FMI’s study finds that market players will need to think of a better substitute to comply with changing industrial and consumer trends as well as environmental amendments.

Consumption of Butyl Glycol as a Solvent Superlative

The requirement of butyl glycol as a solvent is unsurpassed, accounting for more than 70% of total market revenue, suggests FMI’s study. Water-based coatings became prominent in 1980s, with about 70% of building trade coatings being water-based as of now. Vinylic and acrylic water-based paints are the most prominent, containing a small amount of organic solvents, such as butyl glycol. Low volatile organic compound (VOC) content of butyl glycol makes it extremely suitable as a solvent in protective surface coatings, including enamels, spray lacquers, and others, as it does not easily evaporate.

Butyl glycol is miscible in all percentages with a majority of organic solvents, for instance, ketones, aromatic paraffin, among others, and water. Owing to its high dilution ratios and excellent solvency, butyl glycol is sought-after in the production and formulation of inks, and varnishes. Slow evaporation rate of butyl glycol enables improved blush resistance, enhanced luster, bettered flow-out and reduced orange-peel in lacquers.

Developing and target countries are witnessing fast-paced growth in groundwork ventures, such as roads, commercial buildings, among others. Upsurge in residential projects for escalating demographic across the globe is propelling the demands for decorative and durable paints. Cleaning of machine components and other assets in industrial vertical is set to contribute to the demand for butyl glycol on account of its high solubility. Furthermore, butyl glycol is creating space in domestic sector as a constituent of cleaning solutions for its high coupling efficiency.

Despite tremendous demand growth, butyl glycol is likely to see a slight decline in the requirement due to its noxious impact on humans upon subjection. Industrial workers reported to have been suffering from chronic illnesses, including nausea, kidney, and liver damage. Further, to curb this problem, regulators are imposing amendments to reduce the use and import of butyl glycol and its parent compound.

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Key Segment

By Function

Solvent
Coalescing Aid
Chemical Intermediate
Plasticizer

By Application

Paints and Coatings
Printing Inks
Metal Working Fluid
Polymer & Plastics
Others

By Region

North America
Latin America
Europe
South Asia & Pacific
East Asia
Middle East & Africa

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The market for butyl glycol is still modest, and this study tracks the growth of butyl glycol market over the period of next decade. The study unfolds how increasing collaboration of stakeholders with local distributors to expand market footprint of butyl glycol will contribute towards the progress of the market. Although North America was the major contributor fueling the growth of butyl glycol market till a few years back, FMI attempts to analyze how the penetration will increase in other regional markets over the course of next decade.

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Sodium Caseinate Market to grow at a value CAGR of ~4.6% through to 2031

According to the latest research from Future Market Insights (FMI), the worldwide sales of sodium caseinate will increase ~5% year-over-year to reach ~270 thousand tons in 2022, up from ~258 thousand tons in 2021.

FMI analysts forecast the sodium caseinate market to grow at a value CAGR of ~4.6% through to 2031, driven by greater demand for functional or fortified foods along with the shift of high-protein trend from niche to mainstream. The analyst finds that the sheer volume of bakery consumption in recent years has largely contributed the increased sales of different types of protein, thereby potentially raising the demand for sodium caseinate.

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Offering whipping and aeration stability to food emulsions, sodium caseinate has garnered significant traction as a viable emulsifier or food additive in various sectors of F&B industry. However, the launch of animal-free emulsifiers in line with emerging trends of veganism and increasing awareness regarding the impact of food production, especially for animal-based products, on environment will represent a potential threat for the market players.

Sales of Food Grade Sodium Caseinate to Ramp up in 2021

According to the FMI analyst, the consumption of food grade sodium caseinate, especially for dairy, frozen foods, and bakery & confectionery products, continue to influence the growth strategies of the market players, as the category accounted for three-fourth share of the market in 2021.

To tap into opportunities in different end-use industries, ranging from cosmetics to chemical, manufacturers are focused on increasing the production of industrial grade sodium caseinate, which is likely to represent ~5% increase in sales in 2022.

“Sodium caseinate worth ~US$ 480 million were sold as food additive in 2021, while its application as emulsifier is likely to result in increased market share in the foreseeable future,” said the FMI analyst. “As today’s consumers move towards highly nutrient products which support weight management and counteract the risk of obesity and other lifestyle diseases, F&B manufacturers are increasingly demanding for sodium caseinate as an ideal fat free stabilizer for wide range of products.”

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F&B Industry to Unlock New Profit Pools for Market Vendors

The global food industry no longer looks like its former self, as increased incomes, preferential shifts towards health and wellness, and structural shift towards urban living have brought significant transformation in recent years, according to the FMI analyst.

In 2021, the consumption of sodium caseinate by F&B industry accounted for ~70% sales, while the application in pharmaceuticals and cosmetics is likely to witness a quantum leap in growth in 2022 and beyond. Considering the nature and excellent properties of the product including high degree of emulsification, viscosity-enhancing, and foaming and gas retention, manufacturers are exploring the application of sodium caseinate in chemical and other industrial products.

East Asia to Take Centre Stage in Sodium Caseinate Market

The FMI analyst forecasts that Europe and East Asia are neck and neck to acquire the leading position in sodium caseinate market. Rising consumer interest in the benefits of high quality ingredients in various food products is likely to offer greater opportunities for market players in East Asia. In 2021, the East Asia market for sodium caseinate market accounted for ~26% revenue to share, and is expected to record ~6% y-o-y growth in 2022.

In the global scenario, the sodium caseinate market shows a high level of fragmentation, with a number of global players collectively accounting for 20-25% share. The emergence of large number of local consumers catering to domestic end users has resulted into contracted profit margins of the international players. Establishing strong relationship to distribution channel partners and strengthening manufacturing facilities continue to key focal points of the manufactures.

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Sodium Caseinate Market – Key Segment

By Product Grade

Food Grade
Industrial Grade

By Application

Food Additives
Emulsifiers
Free Fat Stabilizers
Others

By End Use

Food & Beverages
Pharmaceuticals
Cosmetics
Chemicals
Other Industrial

By Region

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

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Synthetic Polyisoprene Rubber Market to grow at a CAGR of 6.3% during the period, 2022-2031

Worldwide sales of synthetic polyisoprene rubber will roughly equate the revenues worth US$ 2.2 Bn by 2022 end, a 7% increase year-over-year, according to the latest research from Future Market Insights (FMI).

FMI analysts expect the synthetic polyisoprene rubber market to grow at a CAGR of 6.3% during the period, 2022-2031, driven by incorporation of innovative materials in medical gloves production to prevent the risk of latex allergy along with increasing demand for highly efficient adhesives in building & construction industry. Analysts also expect that demand coming from high-end applications can offer larger profit pools, which should compel the manufactures to center their focus on developing material with high purity targeted at specific end-use applications.

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Increasing environmental regulations in regard to mounting concerns over rising rubber waste in landfills will impact the market growth in the future. Manufactures who are taking off into new processing technologies and development of new raw materials compounds that will reduce the dependence on petroleum will succeed and continue to capture relatively high market share. Aligning with newer consumer and industrial trends will be a key to strengthening the position in the market as well.

Consumption for Medical Use to Increase in 2019 and Ahead

In 2021, sales of synthetic polyisoprene rubber for medical use represented ~57% share, and growing use in consumer goods production is likely to result in increased market share. Owing to enhanced consistency, lower impurities, improved manufacturability, and cost as compared to natural rubber, the use of synthetic polyisoprene rubber in healthcare or medical items will increase 6.7% year-over-year in 2022, according to the FMI analyst. Although the industrial use of synthetic polyisoprene rubber has been rapidly increasing over the years, it continues to account for lowest share in the market.

“The risk of allergy associated with surgical gloves manufactured from natural rubber latex has largely influenced the rising demand for synthetic polyisoprene rubber,” said the FMI analyst. “Moreover, application in medical glove production has contributed more than half of the growth of the synthetic polyisoprene rubber market in 2021.”

In the recent years, increasing awareness and promotion of condom use to prevent the transmission of several STDs has significantly raised the demand for synthetic polyisoprene rubber, especially for non-latex condoms. In addition, the FMI analyst forecasts the sales of synthetic polyisoprene rubber for application in medical balloons and catheters to collectively record ~20% share in 2022.

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East Asia Leads Gains in the Synthetic Polyisoprene Rubber Market

According to the FMI analyst, Europe market for synthetic polyisoprene rubber will lose its leading position to East Asian Market in 2022, which generated revenue worth ~US$ 145 million in 2021. The emergence of Asia Pacific as the world’s largest producers and consumers of synthetic rubber continues to work to advantage of market stakeholders. “Rising demand for consumer goods and services in the region in line with favorable government policies supporting manufacturing facilities will continue to offer lucrative opportunities for the market players,” said the FMI analyst.

In 2021, the leading market players including Goodyear Tires, Royal Dutch Shell plc, and Kraton collectively accounted for ~35% share. Establishment of new manufacturing facilities where the cost of operation is relatively low and strategic positioning in the regional markets through acquisitions and joint venture with local players will remain key focal points of the leading stakeholders, according to the FMI analyst.

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Synthetic Polyisoprene Rubber Market Key Segment

By Applications

Medical Gloves
Condoms
Medical Balloons
Catheters
Adhesives

By End Use

Medical
Consumer Goods
Industrial

By Regions

North America
Latin America
Europe
South Asia
East Asia
Middle East & Africa
Oceania

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Two-Wheeler Lubricants Market is likely to record a volume CAGR of 4.3% during the forecast period

Future Market Insights (FMI), in its new publication, offers actionable insights on future prospects of the ‘Two-Wheeler Lubricants Market’ for the period between 2022 and 2028. As per the study, the global sales of two-wheeler lubricants reached ~2,300 KT, equaling revenues worth US$ 16.94 Bn in 2022.

The emergence of two-wheelers as a primary mode of transportation in developing countries has been weighing on the same scale as the rapid adoption of two-wheeler lubricants. However, growing prominence of electric vehicles, in the view of increasing consumer interest towards a carbon-free future via zero-emission transport, may pose as a potential threat to the market growth.

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Meeting ever-tightening VOC emission limits while maintaining the durability of the vehicle component has been a hard balance to strike for the two-wheeler lubricants market players. FMI study finds that manufacturers are heavily investing in the development of additive technology that not only ensures the delivery of required fuel economy but also maintains high friction, hardware protection, and durability.

Synthetic Oil to Emerge as the Preferred Option

The study opines that two-wheeler lubricants market is likely to record a volume CAGR of 4.3% during the forecast period. While mineral oils continue to account for relatively high sales, manufacturers are focusing on increasing the production of synthetic and semi-synthetic oils to capitalize on growing demand for premium synthetic two-wheeler lubricants. Considering the incorporation of advanced engine technologies in modern vehicles along with greater consumer awareness regarding the performance advantages of synthetic lubricants, manufacturers are specifically focused on non-mineral oils.

Moreover, a shift towards premiumization of products for increased warranty and extended oil drain interval is likely to necessitate the increased adoption of synthetic content in two-wheeler lubricants. Further, to address growing greener fuels and sustainable requirements, a number of market players are targeted towards the development of effective bio-based lubricants.

According to the study, the use of two-wheeler lubricants in motorcycles, especially mopeds and standard varieties, has been on a higher side as compared to scooters. With the emergence of next-gen motorcycles that facilitate efficient clutch operation and require multi-functional lubricants, manufactures are focusing on product innovations and new developments to deliver optimal ride experience.

The study finds that aftermarket sales of two-wheeler lubricants account for relatively high share than OEM sales, and are expected to record a volume Y-o-Y growth of 4.3% in 2022 over 2021. The need for regular and periodic servicing for two-wheelers for their smooth functioning and durability, even in poor road infrastructure, will continue to drive the aftermarket sales of two-wheeler lubricants.

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As per the study, developing countries in Asia Pacific, Latin America, and Africa continue to offer greater opportunities due to increased mobility and rising disposable income in these regions, which are directly correlated to the successful penetration of two-wheelers. Although North America and Europe two-wheeler lubricants markets are not likely to show dramatic growth in terms of volume, FMI study finds that penetration of synthetic or premium lubricants in these regions will be high in the future.

According to the study, one of the key growth drivers of the two-wheeler lubricants market is lack of public transportation in rural areas which has led to a surge in the adoption of two-wheelers. Although motorcycle sales have shown a sharp decline in developed nations over the years, rising interest in motorcycle riding for recreational purposes have contributed to the soaring need for two-wheeler lubricants in these nations.

The business asset highlights the competitive landscape in two-wheelers lubricants market by assessing business development strategies of key players. The market shows a fair level of consolidation, with leading stakeholders placing their strategic focus on product innovations and firmer geographical footprint.

Two-Wheeler Lubricants Market Key Segment

By Product

Synthetic Oils
Semi-Synthetic Oils
Mineral Oils
Bio-Based Lubricants
Greases

By Two Wheeler Type

Motorcycle
Scooter

By Application

Engine Oil
Suspension Oil
Break Oil
Chain Oil

By Region

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

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For an exclusive insightful view of how the global two-wheeler lubricants market landscape will shape up over the course of next decade, write to press@futuremarketinsights.com