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%.

Get Sample Copy of Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-8168

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.  

Get Sample Copy of Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-8167

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.

Get Sample Copy of Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-1017

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.

Get Sample Copy of Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-1577

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.

Get Sample Copy of Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-8159

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.

Get Sample Copy of Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-8161

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.

Get Sample Copy of Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-8146

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.

Cement and Mortar Testing Equipment Market to Flourish with an Impressive CAGR During 2018-2027

MEA & Latin America to emerge attractive for cement & mortar testing equipment APEJ secures top market position, says FMI research.

Increasing demand for process automation across industries is primarily fueling the adoption of cement and mortar testing equipment in construction industry. Poised to see just-under 5% yearly growth in the revenue, the global market for cement and mortar testing equipment is likely to cross the value of US$ 550 million in 2019.

Developing Asian Economies Remain the Hotbed of Opportunities

With more than 1/3rd share of the total market revenue, APEJ remains the most lucrative region for cement and mortar testing equipment manufacturers and distributors.

Although an important market for cement and mortar testing equipment penetration, Europe is likely to demonstrate steady year on year revenue growth in 2019 and ahead.

Whereas developing regions such as Latin America and MEA are poised to display promising performance in coming years – says a newly released market research intelligence study by Future Market Insights.

“China, India, and Singapore are serving a vital role in boosting the growth of cement and mortar testing equipment market across Asian region,” says a senior market research professional at the company.

Manufacturers to Discover High Potential Opportunities in R&D Sector

Accounting for around half the market value share, on-site material testing has been the largest area for adoption of cement and mortar testing equipment. However, the report prompts at a rapidly emerging opportunity for manufacturers in the R&D sector.

Looking at the rate of revenue generation emerging in R&D sector, it is more likely that research and training laboratories would register relatively higher demand for cement and mortar testing equipment in coming years, according to the report.

Tightening Regulatory Standards for Construction Materials Push Market Growth

Product type assessment of the cement and mortar testing equipment landscape reaffirms continued dominance of compression machines, followed by tensile testing machines.

The analyst explains, “A growing number of strict regulatory standards emerging for quality testing of construction materials including cement and mortar is subsequently creating a positive outlook for further penetration of cement and mortar testing equipment. With growing significance and criticality of adoption of appropriate material testing equipment across the construction industry, compression machines and tensile testing machines are expected for higher growth over other equipment types”.

The machine type analysis of global cement and mortar testing market reveals that lightweight, easy-to-transport, and low maintenance portable cement and mortar testing equipment is currently accounting for over 60% share in the global market value, followed by stationary cement and mortar testing equipment.

Key Insights Drawn from Competitive Landscape Analysis

  • R&D of advanced technology based testing equipment is likely to help manufacturers enhance their existing portfolio of offerings.
  • Long-term contractual distribution partnerships with regionally or globally leading distributors are expected to strengthen distribution networks of leading market companies.
  • Digital testing equipment offering additional features such as digital data recording, and increased automation of equipment delivering higher level accuracy are likely to remain on the radar of key players.

Get Sample Copy of Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-8147

The top 10 ranking players in cement and mortar testing equipment market account for around 45% share of the total market revenue, leaving the competitive landscape fragmented. The global cement and mortar testing equipment market report offers thorough profiles of leading companies with an objective to shed light on their key strategic developments in recent years.

Some of the players covered in cement and mortar testing report include Humboldt Mfg. Co., NL Scientific Instruments SDN BHD, Controls S.p.A., ELE International, EIE Instruments, Accro-Tech Scientific Industries, Cement Test Equipment, Aimil Ltd., Qualitest International Inc., and Matest.

In an effort to address a longstanding challenge of the lack of skill to efficiently and accurately operate cement and mortar testing equipment, Controls Group – one of the leading suppliers of material testing equipment – recently organized a training session for consumer companies, on the details of operating cement and mortar testing compression machines, in Italy.

‘Go Green’ Trend Fuels Demand for Renewable Construction Chemicals

The India construction chemicals market has witnessed a significant increase in its growth rate in the past few years. However, the construction industry in the country has still not reached maturity. Construction chemicals find applications in improving the functionality of different construction materials to enhance performance, workability, functionality, and chemical resistance for increasing the longevity of buildings or other structures.

Recent years have witnessed exponentially expanding infrastructure development activities, and high monetary investments in residential and commercial buildings along with renovation processes of historical monuments, and civil service infrastructure such as dams and bridges have resulted in a relatively higher use of construction chemicals in India.

As per a recent study by Future Market Insights on the Indian construction chemical market, the growth of this industry still is at a developmental phase and is gaining attention from foreign and local market participants such as chemical manufacturers, infrastructure developers, and related vendors who are investing in the setting up of production facilities for construction chemicals positively contributing to the manufacturing sector of the country.

Bio-based Construction Chemical Gain Importance

Government regulations in recent times have emphasized on the promotion of ecologically sustainable materials and processes through the concept of the Green Revolution, which in conjunction with rising foreign investments, growing urbanization and increasing use of ready-mix materials are considered as key aspects that are propelling the demand for construction chemicals within India.

Moreover, rising public and private investments in research and development activities, the higher activity of new producers, increasing adoption of sustainable chemicals and innovative advancements in technology are generating good prospects for the sector.

For example, the Building Materials and Technology Promotion Council (BMTPC) of India promoted the use of construction chemicals and materials that are sourced from agro-industrial waste, natural fiber, residue, and agricultural by-products that are cultivated on a large scale within the country. This has resulted in the creation of corrugated sheets sourced from bamboo, concrete made using rice husk ash, bricks of recycled plastic, and particle boards made from agricultural bagasse.

Increasing Construction of High Rises with International Standards Drives Demand

With expansion of tier 1 cities in the countries and numerous construction projects involving high rise buildings in these regions, the use of construction chemicals in concrete, to improve on corrosion resistance, and durability of construction materials, consequently leading to manufacturers focusing on the ratio of performance to price instead of just the price alone.

Rising awareness amongst businesses in the construction sector about the mandatory compliance with international building standards is anticipated to boost the use of prescribed best practices in the industry. The government’s move on banning the mixing of cement onsite and mandatory usage of ready to mix cement in metro city areas are essential factors that are expected to have a major impact on the growth of the construction chemical sector. On the other hand the industry is being hampered by the lack of skilled labor, as most construction chemicals require precise handling and technical expertise for appropriate use.

For more detailed insights on the constantly evolving Indian construction chemicals industry, click here.

3 Major Technological Innovations from the Global Power Tools Market

Power tool manufacturers across the world are constantly working towards the development of new innovations in products to enhance aspects such as usability, durability, and safety. Power tool suppliers are emphasizing on features that help save time and money through, low power consumption and ease of use among others.

Cordless Technology to Improve Productivity

Innovative advancements in stable platforms for operating cordless technology such as motors, batteries, and digital electronics have been instrumental in the development of new solutions for increased productivity. Cordless technology finds higher levels of applications owing to the requirements of a continuously evolving workplace and the demand to improve on the delivery of solutions that assist in faster and smarter work and versatility of use. As a result of this, technological breakthroughs in conventional motors, Lithium-ion batteries, and new-age electronics are being integrated into every day tools to allow effective cordless solutions within the power tools market.

As per a recent study by Future Market Insights on the global power tools market, cordless power tools are gaining in popularity despite being more costly in relation to corded power tools, owing to increased ease of use and improved safety features, especially among DIY enthusiasts. The demand for cordless power tools is expected to rise steadily in the near future, as their adoption rate improves even in developing economies.

Bosch Optimizes Organized Tool Storage Solutions

Apart from the demand for enhanced performance of cordless power tools, recent times have revealed a major need for improved tool storage organization and portability solutions. High user preference for operational freedom, performance, power, and higher run time are generating opportunities for improvement for power tool manufacturers.

Towards this end, Bosch has recently revealed its range of L-BOXXes, which make use of its patented Click & Go system, which solves 3 major problem areas of storage, organization, and mobility. Available in 5 unique sizes, the innovative system of L-BOXXes can store all kinds of hand tools, and relevant parts, and accessories that are used with power tools and other equipment. Each box can be simply clicked in place on top of each other and they offer better mobility by being fixed onto movable platforms.

These storage boxes also comprise different sizes of small, color coordinated internal cups that provide optimized flexibility for users to customize their tool kits in the way they want. Smaller iBOXX variants of storage cases also feature similar cups that have clear lids for quick storage and retrieval. All of these storage boxes can be used separately or be fit into Bosch’s specialized shelf units to move multiple tool kits at the same time.

Metabo Creates Low Profile Headed Grinders for Increased Safety

Metabo Corporation released its range of flat-head grinders that have a low profile design for easy access in confined areas and narrow angles that conventional grinders cannot reach. These grinders use patented gear drives for this purpose, ultimately reducing the risk of power tool operators working in such difficult conditions.

To gain improved insight into the global market of power tools, and its changing dynamics click here.