Food Sorting Machines Market : Value Chain, Stakeholder Analysis and Trends by 2025

Automation is becoming more of a requirement than an option in the food processing industry. The rigorous quality and cost controls required in the food industry is making it more critical. Production of high grade food requires capable and efficient inspection and sorting systems, in the operations and production line. The food is sorted by color, size, shape, specific gravity prior to inspection and other criteria depending upon the raw material and application.

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Global interest is increasing towards the quality of food consumed along with the stringent legislations on product quality and operating procedures. In the food industry, the product specification is extremely important, and is one of those area where new developments are crossing the boundaries. The food industry is under immense pressure of meeting the demands of growing world population.

The insertion of optical sorter into strategic positions of the milling process facilitates and optimizes the whole cleaning process. Worldwide the optical sorters are being used in the food industry. Its highly adopted in the processing of harvested foods such as fruits, potatoes, vegetables and nuts where it achieves non-destructive,100%  inspection on full production volume.

Since manual sorting is subjective and inconsistent, its not preferred. Optical sorting helps to improve the product quality, increase yields, maximize throughput while reducing labor costs. Since few years the trend is of integration of the traditional mechanical cleaning process with optical sorting machines.

Food Sorting Machines Market: Drivers & Restraints

Growing population, rising urbanization, growing technological awareness, industrialization of emerging economies and increasing per capita income are some of the key factors driving the growth of the food sorting machines market.

Environmental Protection Agency regulations on disposal of food waste, changing consumption patterns and smaller households are few of the probable factors restraining the growth of the food sorting machines market.

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Region-wise Outlook

The global food sorting machines market is expected to register a double-digit CAGR for the forecast period. Depending on geographic regions, global food sorting machines market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. As of 2015, North America dominated the global food sorting machines market in terms of market revenue followed by Europe. Asia Pacific & Japan are projected to expand at a substantial growth and will contribute to the global food sorting machines market value exhibiting a robust CAGR during the forecast period, 2015?2025.

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
  • 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, 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.

Food Sorting Machines Market: Segmentation

The global food sorting machines market is broadly classified on the basis of product type, technology and geographies.

Based on product type, the global food sorting machines market is segmented into:

  • Channel Sorters
  • Freefall Sorters
  • Belt Sorters
  • ADR Systems

Based on technology, the global food sorting machines market is segmented into:

  • Laser
  • Camera
  • LED
  • X-ray

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Food Sorting Machines Market: Overview 

Though food sorting machines is a new technology for emerging economies like India, but in the developed economies like North America and Europe the same technology is in use for years.

With growing global population and increasing pressure on food industry to meet the customer demands, the acceptance of food sorting machines is gaining popularity. The global food sorting machines market is expected to expand at a promising CAGR during the forecast period (2015-2025).

Key Players

Some of the key market participants in global food sorting machines market are Tomra Systems ASA, Sesotec GmbH, Buhler AG, Key Technology, BarcoVision, Satake USA Inc.

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 contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types and applications.

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Green Tires Market Expectations and Growth Trends Highlighted Until 2025

Green tire is a way big dream for the tire manufacturers. Its a rocky road to fulfill this dream. Replacement of the raw materials present in tires with renewable materials may have a negative impact on the braking performance and compromising here is not acceptable. Currently the label “green” is used for tires, designed with an aim to improve the fuel economy.Tire is a crucial vehicle component that covers the wheel’s rim to protect it and enable better vehicle performance. Tires provide traction between the vehicle and road while providing a flexible cushion bed to absorbs shock. Tires are typically made of rubber. With the increasing environmental and energy concerns, tire manufacturers are stepping forward to use renewable raw materials. Plasticizers and resins could also be potentially used in green tires. As on 2014, 45% share is of natural raw materials in tires which is expected to grow to 100% by the end of 2025.

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These environmental-friendly raw material are ten percent lighter than conventional products used in the manufacturing of tires. This helps in reduction of the overall weight of a car, so it requires less fuel. Green tires are developed so as to optimize the fuel consumption via reduction of rolling resistance. Rolling resistance refers to the energy required by the tire’s road contact and its deformation. Reduction in rolling resistance requires total control over the complex relationship between the tread pattern, tire structure and rubber compounds.

With the soaring population and fuel economy regulations imposed by government, the demand for green transportation increases. Globally, the tire manufacturers are adding precipitated silica to tread formulations to improve fuel efficiency, enhance tire performance and eliminate greenhouse gas emissions. Reducing rolling resistance or the amount of energy spent to move a vehicle, is seen as an important solution in decreasing fuel consumption and hence the costs associated. As tires are responsible for 20% to 30% of a vehicle’s fuel consumption.

About one-fourth of the pollution is generated by a vehicle to overcome the rolling resistance of its tires. In US itself, an annual reduction of up to 45 million tons of carbon dioxide emissions could be achieved by the addition of precipitated silica to tire treads. Silica also significantly improves a tire’s responsive handling and steering capability in a variety of adverse weather conditions. These tires also have been shown to improve traction on icy roads.

Green tires are also alternatively termed as energy tires in Europe, where the main advantage of going green is promoted as lower rolling resistance. They are therefore viewed to be an important growth market in terms of business to all European tire manufacturers and suppliers. Alongside Japan, Europe is at the most advanced level in this important technology process and more advanced than Asia or the United States.

Green Tires Market: Drivers & Restraints

Rising energy costs, stringent government regulations and increased environmental awareness among consumers regarding fuel consumption and a desire for improved handling and safety are some of the key factors driving the growth of the green tires market.

Widespread replacement of fossil materials with renewable raw materials is not always a solution since it requires acreage that might already be used in food production. Process engineering involved in the raw materials, lack of knowledge about the green tire technology and all-season traction capability are probable factors restraining the growth of the green tires market.

Green Tires Market: Overview

In early 1990s the green tires came into existence with the usage of highly dispersible silica in tire treads in Europe due to high energy costs, consumer appreciation for better handling and safety and understanding the environmental benefits. The demand for green tires is now increasing in the United States.

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With rapid urbanization and increasing pressure on fuel consumption, the acceptance of green tires is gaining popularity. The global green tires market is expected to expand at a promising CAGR during the forecast period (2015-2025).

Green Tires Market: Region-wise Outlook

The global green tires market is expected to register a double-digit CAGR for the forecast period. Depending on geographic regions, global green tires market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. As of 2015, Europe dominated the global green tires market in terms of market revenue followed by North America. Asia Pacific & Japan are projected to expand at a substantial growth and will contribute to the global green tires market value exhibiting a robust CAGR during the forecast period, 2015?2025.

Green Tires Market: Key Players

Some of the key market participants in global green tires market are PPG Industries Inc, Pirelli Tyre S.p.A , Bridgestone , Green Arc Tire Manufacturing Inc, Goodyear Tire & Rubber Co, Michelin North America Inc.

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 contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types and applications.

The report covers exhaustive analysis on:

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

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
  • Middle East and Africa (GCC, S. Africa, N. Africa)

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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.

Green Tires Market: Segmentation

The global green tires market is broadly classified on the basis of product type, applications and geographies.

Based on application, the global green tires market is segmented into:

  • On-road
  • Off-road

Based on product type, the global green tires market is segmented into:

  • Passenger Tires
  • Light Commercial Tires
  • Heavy Commercial Tires

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

About Future Market Insights (FMI)

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

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Metal Stamping Market Analysis, Trends, Top Manufacturers, Share, Growth, Statistics, Opportunities and Forecast to 2025

The market report envelopes an all-in information of the global Metal Stamping market and the nature of the market growth over the foreseeable period. The report provides a comprehensive elaboration of the positives and negatives of the global Metal Stamping market with DROT and Porter’s Five Forces analysis. With SWOT analysis, the report offers detailed insights about different players operating within the Metal Stamping market. In addition, the analysts of the report have served the qualitative and quantitative scrutinizing of different micro- and macro-economic factors influencing the global Metal Stamping market.

Key segments covered in the global Metal Stamping market report by product type include

  • Vehicle stamping
  • Job stamping

The Metal Stamping market report examines the consumption patter of each segment and the factors affecting the pattern. In addition, the report focuses on the production footprint of each segment in various industries and regions across the globe.

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By end-use, the global Metal Stamping market consists of the following:

  • Automotive
  • Aerospace
  • Consumer electronics
  • Telecommunication
  • Electrical & electronics

The Metal Stamping market report helps the readers grasp the changing trend in the industry supply chain, manufacturing techniques and expenses, and current scenario of the end uses in the global Metal Stamping market.

Prominent players covered in the global Metal Stamping market contain

  • American Industrial Company
  • Martinrea International Inc.
  • Magna International Inc.
  • Hayes Lemmerz International
  • Harvey Vogel Manufacturing Co.
  • Haitong Metals
  • D&H Industries, Inc.
  • Dongguan Fortuna Metal Stamping Company
  • ThyssenKrupp AG
  • Alcoa Inc.
  • American Axle & manufacturing, Inc

All the players running in the global Metal Stamping market are elaborated thoroughly in the Metal Stamping market report on the basis of proprietary technologies, distribution channels, industrial penetration, manufacturing processes, and revenue. In addition, the report examines R&D developments, legal policies, and strategies defining the competitiveness of the Metal Stamping market players.

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The Metal Stamping market analyses the following important regions:

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

The Metal Stamping market report answers the following queries:

  1. Why consumers are highly inclined towards the consumption of segment in the Metal Stamping market?
  2. What are the opportunities available for players operating in the global Metal Stamping market?
  3. Which trends have the maximum impact on the growth of the global Metal Stamping market?
  4. Why region leads the global Metal Stamping market?
  5. What are the drivers and restraints affecting the market size of the global Metal Stamping market?

What the report encloses for the readers:

  • Critical insights of each segment, including volume growth outlook, and demand & supply pattern.
  • A to Z of each player – positives & negatives, current status, future developments – of the global Metal Stamping market.
  • Detailed information regarding the trends influencing the growth of the global Metal Stamping market.
  • In-depth assessment on the utilization of Metal Stamping in each end use industry.
  • Historical data and future growth outlook of the global Metal Stamping market.

Why choose Future Market Insights?

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Industrial Rubber Market Size, Key Players, Growth Factors, Regions and Applications, Industry Forecast by 2025

Synthetic rubber type is likely to gain popularity in industrial rubber market and surging automotive sector is expected to drive the sales of this product. Demand for light-weight vehicles, fuel-efficiency and environment-friendly automotive components has been influencing automotive industry in adopting eco-friendly industrial rubber.

Rapidly increasing demand from building and construction coupled with automotive industries in Asia-Pacific acts as an important growth driver for industrial rubber market during the forecast period. Asia-pacific holds comparatively higher number of automotive manufacturing plants across the globe and has been witnessing significant rise in infrastructural developments.

Automotive market is anticipated to take the lead in industrial rubber market over the forecast period owing to rapid growth in automotive and automobile component production in emerging nations such as South Korea, China and India along with other South-Asian countries. China is witnessed as the major contributor in Asia-Pacific industrial rubber market. Furthermore, growing industrial production capabilities in China as well as rising investments in automotive industry of Indonesia, Thailand and India have been projected to drive the growth of Asia-Pacific industrial rubber market. Constant increase in tire production companies in Asia-Pacific is expected to further support the growth of industrial rubber market in the region.

Industrial equipment and machinery sector is likely to generate extensive incremental opportunity for industrial rubber market in the near future owing to rising usage of the industrial rubber in the conveyor belts. Industrial rubber products is likely to gain significant traction across construction and agriculture machinery as well.

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Industrial Rubber Market: Region-wise Outlook

The global industrial rubber market is expected to register a double-digit CAGR for the forecast period. Depending on geographic regions, global industrial rubber market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. As of 2015, North America dominated the global industrial rubber market in terms of market revenue followed by Europe. Asia Pacific & Japan are projected to expand at a substantial growth and will contribute to the global industrial rubber market value exhibiting a robust CAGR during the forecast period, 2015?2025.

Industrial Rubber Market: Key Players         

Some of the key market participants in global industrial rubber market are Goodyear Tire and Rubber Company, Greenville Industrial Rubber & Gasket Co, Industrial Rubber & Gasket Inc, Continental AG, Bridgestone Corp, Yokohama Rubber Company Ltd, Toyo Tire and Rubber Co. Ltd.

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 contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types and applications.

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Industrial Rubber Market: Segmentation

The global industrial rubber market is broadly classified on the basis of product type, market and geographies.

Based on product type, the global industrial rubber market is segmented into:

  • Gaskets
  • Hoses
  • Conveyor belts
  • Sealing products
  • Footwear

Based on market, the global industrial rubber market is segmented into:

  • Construction
  • Manufacturing
  • Aerospace
  • Automotive

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
  • Middle East and Africa (GCC, S. Africa, N. Africa)

Rapidly growing automotive sector in developing economies and increased demand for high-performance tires, sealing products, and tire adhesive are expected to contribute to the growth of the global industrial rubber market. As on date, Asia Pacific is the largest producer and consumer of industrial rubber, with its tire sector exhibiting promising growth rate. Manufacturers have shifted their production facilities to emerging economies, due to the low labor and operating costs.

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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.

About Future Market Insights (FMI)

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

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Fluorite Market Report Covers Detailed Industry Scope, Future Scenario and Elaborates Outlook to 2030

Fluorite is also known as fluorspar, and it is readily available naturally in all the colour spectrums. Being the mineral form of calcium fluorite, it also is a halide mineral and is visible not only in daylight but also in ultraviolet light.

Pure fluorite that is naturally found is colourless and various colours that it possess are usually because of impurities in the mineral. Fluorite is immensely popular for its cubic design and its various colours such as blue, yellow, purple, and green, and it is famous as a fluorescent mineral.

Fluorite is usually drilled to manufacture jewelleries, however, due to the softness of its nature, it is rarely used as a semiprecious stone. Yet, fluorite is high in demand across various industrial areas such as building & construction, metallurgy, chemicals, and glass industries.

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Increasing Applications in the Glass and Steel Industries will Boost Sales Potential of Fluorite

The global fluorite market is predominantly driven by the growing demand for fluorite, being a precursor to almost all fluorite compounds, as an important raw material in the production of hydrofluoric acid. As hydrofluoric acid is one the most commonly used commercial chemicals, the demand for fluorite is expected to remain significantly high. Apart from this, leading players in the global fluorite market are also capitalizing on the increasing applications of the mineral across a wide range of industries.

Fluorite is witnessing high demand in the manufacture of glass and ceramics, as it facilitates in surface treatments to produce opalescent and glossy surfaces. With a mounting number of manufacturers using fluorite to make attractive and durable consumer products that are made with glass, the consumption of fluorite is expected to increase in the coming years. Furthermore, metallurgical-grade fluorite is also witnessing high demand in the manufacturing of steel, iron, aluminum, and other metals. Thereby, leading players in the global fluorite market are expected to expand their customer base into metal producers to boost the sales of metallurgical-grade fluorite.

Environment Protection Concerns to Give Rise to Alternatives for Fluorite in Industrial Applications

While the industrial activities around the world are gaining momentum, production innovation is also becoming an indispensable part of the process in nearly all industrial applications. However, typically in most developed countries, sustainability is becoming an important aspect for both industrialists as well as customers, which is encouraging all stakeholders to highlight the importance of reducing the carbon footprint of their business activities. This is likely to have a paramount impact on the demand and sales of fluorite in the coming years.

The awareness about the potential environmental hazards of using fluorite in triggering end users in various industries to shift to more sustainable alternatives to fluorite. End users are aiming to replace chemicals manufacturing using fluorite with hydrocarbon-based refrigerants in most common industrial applications. Dolomitic limestone or olivine are among the most popular substitutes for fluorite used in the steel and iron industry. This way, increasing end-user awareness about the environmental hazards of fluorite may lead to the loss of market share for leading players in the global fluorite market in the coming years.

Fluorite Market: Region-wise Analysis

Based on the geographical factors, the fluorite market is broadly divided into seven regions – North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa. With a significant stronghold of global leaders’ presence in Asia Pacific, the APAC market for fluorite is expected to witness incremental growth in the coming years. The flourishing growth of the chemicals industry in the Asia Pacific region is mainly attributed to the natural resources and availability of commercially significant minerals including fluorite.

Growing demand for steel and aluminum in emerging Asian economies is one of the leading factors contributing to the growth of the fluorite market in the region, Furthermore, the construction industry accounts for a substantial share in the burgeoning consumption of fluorite in China and India. China, being one of the largest producers of fluorspar, accounts for a huge share in the export of fluorite, and this is expected to drive a rise in downstream activities in the Chinese market for fluorite.

While the Asia Pacific region holds a strong position in the global market for fluorite, North America and Europe are also expected to create new growth opportunities for fluorite market players in the coming years. Global players are increasingly focused on expanding their hold over natural mines and resources of minerals in order to meet the increasing demand for commercial materials such as fluorite across the region.

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Fluorite Market: Competitive Landscape

  • Zhejiang Yongtai Technology
  • Mexichem
  • Centralfluor Industries Group and Zhejiang Wuyi Shenlong Flotation Co Ltd.
  • Yaroslavsk Mining Company(RUSAL)
  • Pars Gilsonite Reshad
  • Seaforth Mineral & Ore Co. Ltd.
  • Sinochem Lantian Co., Ltd
  • SepFluor
  • China Kings Resources Group Co., Ltd.
  • Inner Mongolia Xiang Zhen Mining Group Ltd.
  • Do-Fluoride Chemicals Co., Ltd.

In September 2019, Do-Fluoride Chemicals Co., Ltd. (Hereinafter called “DFD”) – a global business involved in research, production, and sales of the high-performance fluoride products – announced that it has planned to purchase nearly 70% stakes of Luoyang Lanbao Fluoride Industry Co.,Ltd. – a leading fluorite mining and beneficiation enterprise in China. The company announced that the deal was finalised at nearly US$ 11 million (RMB 77 million), and that it is aiming at gaining more access to raw materials to facilitate its own business operations. Luoyang Lanbao owns 6 mines and 3 fluorite concentrators and in Luoyang, Chongqing and other areas, which account for nearly 3 million tonnes of fluorite, which can lead to producing over 60 thousand tonnes of flotation fluorite powders per year.

In April 2020, Ares Strategic Mining Inc. (formerly Lithium Energy Products Inc.) – a Canada-based natural resource mining company engaged in the business of acquiring and exploring lithium properties – announced that it has entered a definitive agreement to acquire the Liard Fluorspar Project – one of the most important fluorite prospects in British Columbia – to expand its geographical footprint. With this acquisition, the company also aims to reduce the impact of global uncertainties vis-a-vis the availability of fluorite by diversifying its portfolio as well as the countries where the company operates.

Region-wise Analysis

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)
  • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

Report Highlights

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.

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Fluorite Market: Segment Analysis

The fluorite market can be segmented on the basis of the following:

By Type

  • Stratiform Replacement Deposits
  • Hydrothermal Veins & Stockworks
  • Others

By Grade

  • Metallurgical Grade Fluorite
  • Ceramic Grade Fluorite
  • Acid Grade Fluorite

By End-use Industry

  • Building Material
  • Chemical
  • Metallurgical
  • Others

About Future Market Insights (FMI)

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

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Pygas (Pyrolysis Gasoline) Market Overview by Top Players, Regions, Segments, Demand and Forecast till 2027

Pyrolysis gasoline is one such product, for which the demand is showing progressive growth in the end use industries. During the production of propylene and ethylene from naphtha at high temperature, the by-product obtained is known as pygas or pyrolysis gasoline. Pyrolysis gasoline is a yellow liquid and is colourless in nature and contain highly aromatic contents and high octane number from C5 to C12 and have density lower than the water.

Pyrolysis gasoline is highly flammable both in vapour and liquid form and is thermally stable at lower temperatures, and may decompose at higher temperatures. Pyrolysis gasoline is hydro treated in two stages; the first stage includes trickle bed conversion for the removal of highly reactive species and in the second stage, remaining olefins and sulphurs are hydrogenated in gas phase, these two stages provide various benefits for the processes such as, improves oxygen stability and colour, which are the important features of final finished product, reduce gum content (because additional gum content than required  can create serious issues while processing) and also reduce fouling in downstream process of desulphurization unit. Pyrolysis gasoline has high potential in blending mixture in various end user products, due to its high octane number. Along with this, pyrolysis gasoline can be used as additives in separation of components into benzene, toluene and xylene, which are also known as BTX products. The advantage of pyrolysis gasoline over naphtha is its unit value, which is higher than naphtha, due to this, production and sales is beneficial for the manufacturers.

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In the composition of pyrolysis gasoline, the percentage of benzene, toluene and xylene is higher with respect to other components such as styrene, and other aromatics. Fluctuating oil and raw material prices for the process of pyrolysis gasoline is restricting market growth. However, manufacturers are trying to find out solutions to find alternative raw materials for the formation of pyrolysis gasoline.

Catalysts play a vital role in the process of pyrolysis gasoline, mainly nickel and palladium are the main catalysts for the surplus aromatics during the production of pyrolysis gasoline, as all the manufacturing process is completed in closed system, which can prevent the escape of vapour and liquid to minimize the environment concern.

Pyrolysis Gasoline Market Dynamics

Innovative technologies to improve demand of pyrolysis gasoline is expected to witness significant market growth in between the forecast period (2016–2026). The demand is majorly driven by various factors such as its usage in boosting of octane for motor fuels in petrochemical operation and internal source of fuel oil products and for benzene. On the basis of geographical region, growth of pyrolysis gasoline is majorly driven by North America and European countries followed by Asia Pacific region. Additional gum formation during the process of pyrolysis gasoline is creating challenge to the manufacturers.

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The stringent regulations from Governments of various countries regarding aromatic contents make pyrolysis gasoline utilization as a blending mixture more difficult. Increasing demand from the end use industries is expected to create opportunity for the manufacturers from the supply and demand side, currently global pyrolysis gasoline production is high in demand and is expected to increase  in the near future due to increasing consumption from end use industries. Manufacturers are focusing on various strategies in the pyrolysis gasoline market, such as to obtain aromatic source mixture and to obtain high octane number gasoline blend, along with this scientists are focusing to introduce environment friendly and cheaper catalysts over nickel and palladium for the hydrogenation of pyrolysis gasoline.

Pyrolysis Gasoline Market Segmentation

Pyrolysis gas market can be segmented on the basis of application as follows,

  • Aromatics Extraction
  • Refinery Feedstock
  • Fractionation for Benzene
  • Others

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Pyrolysis Gasoline Market Participants

Examples of some of the market participants are;

  • Shell
  • Haldia Petrochemicals Limited
  • Chevron Phillips Chemical Company
  • ONGC Petro additions Limited
  • SUD–CHEMIE
  • The Dow Chemical Company
  • Ras Laffan Olefins Company Ltd.

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Solar Panels Market Demand, Supply, Growth Factors, Latest Rising Trend and Forecast to 2026

Solar panel refers to a panel designed to absorb the sun’s rays as a source of energy to generating electricity and heating. It reduces the amount of electricity coming from fossil fuels by supplying your operations with clean, renewable energy from the sun. Solar panels are also called photovoltaic or PV modules, as it directly converts sunlight into electricity.

The sun produces enough energy daily to supply 10,000 times the world’s electrical needs. Solar Photovoltaic panels are packaged, connected assembly of typically 6×10 solar cells that generates and supplies solar electricity in commercial and residential applications.

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Solar panels are not only used for residential rooftop applications, but they are also widely used for applications such as powering electronic devices, individual gadgets, and vehicle batteries. Installing solar panels on a house roof can decrease the household’s carbon footprint by an average of 35,180 pounds of carbon dioxide per year.

In 1960s, the first commercial use of solar cells was for powering satellites. There are various quality levels of solar panels with different efficiency and cost factors namely Monocrystalline solar panels, polycrystalline solar panels, and thin-film panels (amorphous panels). Solar Panels are tested under “Standard Test Conditions (STC)”.

Solar panels can be accurately compared with each other and rated by using fixed set of conditions considered under this method. There are three standard test conditions for testing solar panels including temperature of the cell, solar irradiance, and mass of the air.

Global Solar Panels Market: Drivers and Restraints

There is increasing demand for solar panels in the residential rooftop applications. There is significant fall in the prices for key components such as silver and polysilicone that are used to make solar cells. Solar Panels don’t create noise and don’t make any emissions.

Price drops for industrial commodities that are used to make solar panels, and higher price expectations for electricity and natural gas are the factors that are expected to drive growth of the solar panels market for the forecast period (2015-2025). Increase in electricity price combined with cheaper solar panels will drive the solar panels market.

Solar energy doesn’t work at night without a storage device such as a battery. Climatic changes and cloudy weather can disturb the working of solar panels during daytime. Also, solar technologies are expensive. These are some of the factors that are limiting the growth of solar panels market to some extent.

Global Solar Panels Market: Region-wise Outlook

The global Solar Panels market is estimated to witness high growth for the forecast period (2015 to 2025). North America market for solar panels has been growing rapidly, especially because of the growth of residential solar applications in the U.S. In 2012, solar produced energy accounted for 0.11% of the total electricity generated in the U.S., according to U.S. Energy Information Administration.

FMI’s forecasts the Solar Panels market in Asia-Pacific is expected to show the fastest CAGR over the forecasted period. There is a shift in production of solar panels from U.S. to China and India due to low manufacturing cost.

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Global Solar Panels Market: Key Players

Some of the major players of the global Solar Panels market are: Yingli Solar, Photonix Solar Pvt. Ltd, Goal Zero, AGL Solar Energy, and others.

The report deliver an exhaustive analysis on:

  • Solar Panels Market Segments
  • Solar Panels Market Dynamics
  • Historical Actual Market Size, 2012 – 2014
  • Solar Panels Market Size & Forecast 2016 to 2026
  • Supply & Demand Value Chain
  • Solar Panels Market Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain
  • Solar Panels Market Drivers and Restraints

Regional Analysis: 

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

This report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and participants from 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.

Global Solar Panels Market: Segmentation

Global Solar Panels market is segmented by: type, application, and by region.

Solar Panels By Type:

  • Monocrystalline Solar Panels
  • Polycrystalline Solar  Panels
  • Thin-film (Amorphous) Panels

Solar Panels By Application:

  • Residential
  • Commercial
  • Power Plants
  • Off Grid

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Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

About Future Market Insights (FMI)

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

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Prosthetic Heart Valve Market was valued at US$ 5,650 Mn in 2015

The global prosthetic heart valve market was valued at US$ 5,650 Mn in 2015 and is estimated to be valued at US$ 6,304 Mn by 2016, projecting a Y-o-Y growth of 11.6%. A new report titled “Prosthetic Heart Valve Market: Global Industry Analysis and Opportunity Assessment, 20162026,” published by Future Market Insights analyses the factors and trends defining the growth and performance of the global prosthetic heart valve market over a 10-year forecast period (2016 – 2026).

According to Future Market Insights, an increasing prevalence of valvular heart disease (VHD) is expected to augment growth of the global prosthetic heart valve market during the forecast period. Regulatory approval for heart valves, integration of technological advancements, and increasing number of heart valve implantation procedures are other factors expected to influence revenue growth of the global prosthetic heart valve market in the next 10 years. However, high costs associated with transcatheter heart valve products, procedure related risks and complications, and product recalls are some restraints likely to hamper the growth of the global prosthetic heart valve market over the forecast period.

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Segmentation highlights

The global prosthetic heart valve market is segmented on the basis of Product Type (Mechanical Heart Valves, Biological/Tissue Heart Valves, Transcatheter Heart Valves) and End User (Hospitals, Ambulatory Surgery Centres).

  • The Transcatheter Heart Valves product type segment is estimated to be valued at US$ 6,069.1 Mn by 2026 end, registering a CAGR of 13.3% between 2016 and 2026.
  • The Hospitals end user segment accounted for 74.5% market share of the global prosthetic heart valve market in 2015. Rising demand for quicker treatment options and remedies is expected to promote the revenue growth of the Hospitals segment over the forecast period.

Preview Analysis on Global Prosthetic Heart Valve Market Segmentation By Product Type – Mechanical Heart Valves, Biological/Tissue Heart Valves, Transcatheter Heart Valves; By End User Hospitals, Ambulatory Surgery Centres: http://www.futuremarketinsights.com/reports/prosthetic-heart-valve-market

Regional market projections

The global prosthetic heart valve market is segmented by region into North America, Latin America Excluding Brazil, Brazil, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), and Middle East & Africa (MEA). The global prosthetic heart valve market is largely prominent in the developed regions. The North America regional market is estimated to witness the highest CAGR of 12.4% during the forecast period followed by the Western Europe regional market at 12.1%. Factors such as legislative openness and inline approval procedures are expected to contribute largely to the revenue generation potential and attractiveness of the Western Europe prosthetic heart valve market. Rising adoption of transcatheter heart valves in geriatric patients for better care is expected to fuel revenue growth in the Japan prosthetic heart valve market over the forecast period.

Vendor insights

The report on the global prosthetic heart valve market profiles some of the leading companies dominating the global prosthetic heart valve market. Top market players featured in the global prosthetic heart valve market report are Edwards Lifesciences Corporation, St. Jude Medical, Inc., Medtronic plc, Boston Scientific Corporation, Abbott Laboratories, SYMETIS, LivaNova PLC, CryoLife, Inc., Braile Biomedica, Colibri Heart Valve LLC, and JenaValve Technology, Inc. Leading market players are focussing on delivering differentiated therapies to cardiac patients and are strengthening their foothold in the global prosthetic heart valve market through strategic collaborations and acquisitions.

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Key competitors covered in terms of prosthetic heart valve market are Edwards Lifesciences Corporation, St. Jude Medical, Inc., Medtronic plc, Boston Scientific Corporation, Abbott Laboratories, SYMETIS, LivaNovaPLC, CryoLife, Inc., Braile Biomedica, Colibri Heart Valve, LLC, and JenaValve Technology, Inc. Key strategies adopted by most of the major players in the global prosthetic heart valve market include: product approvals and commercialisation, leveraging existing capabilities to create patient-centric technologies, briskly entering markets in emerging countries and offering the latest innovative technologies to healthcare facilities and, thus strengthening regional proficiency and addressing customer needs. New product launches, innovation and expansion are anticipated to form the core of these strategies during the forecast period.

More From FMIs Cutting-edge Intelligence:

  • GCC Medical Gloves Market Segmentation By Product Type Examination, Surgical, and Chemotherapy Medical Gloves; By Type of Raw Material – Latex Material, Nitrile Rubber, Vinyl Rubber, Polyisoprene Medical Gloves; By Form Powdered and Powder-Free Form Medical Gloves; and Others: http://www.futuremarketinsights.com/reports/gcc-medical-gloves-market
  • Balloon Catheter Market Segmentation By Product Normal, Cutting, Scoring, Drug Eluting, and Stent Graft Balloon Catheter; By Disease Indication – Coronary Artery Disease, Peripheral Vascular Disease; By Raw Material Polyurethane, Nylon; By End User Hospitals, Public Hospitals, Private Hospitals, Ambulatory Surgical Centres, Cardiac Catheterisation Laboratories: http://www.futuremarketinsights.com/reports/balloon-catheter-market
  • Special Purpose Needles Market Segmentation By Product Type – Fine Aspirating Needles, Biopsy Needles, Hypodermic Needles, Pen Needles, Suture Needles, and Others; By Application – Sample Collection, Drug Delivery; By Distribution Channel – Hospital Pharmacies, Private Clinics, Retail Pharmacies and Drug Stores, E-Commerce: http://www.futuremarketinsights.com/reports/special-purpose-needles-market

About Future Market Insights (FMI)

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

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Coronary Stents Market is expected to register a CAGR of 6.6% during the forecast period

Future Market Insights provides an in-depth analysis of the global coronary stents market in a new report titled “Coronary Stents Market: Global Industry Analysis and Opportunity Assessment, 2016-2026”. Coronary stents is a billion dollars industry that occupies a significant market share in the cardiovascular market. In terms of revenue, the global coronary stents market is estimated to reach a market valuation of US$ 6,002.9 Mn by 2016 end and is expected to register a CAGR of 6.6% during the forecast period. The global coronary stents market is expected to represent incremental opportunity of US$ 5,318.7 Mn between 2016 and 2026.

According to Future Market Insights, factors such as an increase in the prevalence of coronary artery disease, obesity, and minimal invasive procedures; and an increasing preference for advanced stenting procedures by cardiologists are some of the factors fuelling the growth of the global coronary stents market. Economic factors such as an increase in awareness campaigns about cardiovascular diseases conducted by government bodies, rapid progress in medical technology, and extended reimbursement support are also expected to boost the growth of the global coronary stents market over the forecast period.

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Segmentation highlights

The global coronary stents market is segmented on the basis of Product Type (Drug Eluting Stent, Bare Metal Stent, Bioresorbable Vascular Stent); Raw Material (Cobalt Chromium, Stainless Steel, Platinum-Chromium, Nickel-Titanium, Polymer); and End Use (Hospitals, Ambulatory Surgical Centres, Cardiac Catheterisation Laboratories).

  • The Drug Eluting Stent product type segment is estimated to be valued at US$ 8,750.2 Mn by 2026. The Bioresorbable Vascular Stent segment is estimated to account for 11.0% revenue share by 2016 end
  • The Polymer raw material segment is estimated to account for the highest market share of 29.2% by the end of 2016. The Cobalt Chromium segment is expected to register a CAGR of 5.6% during the forecast period
  • The Hospitals end use segment is anticipated to account for 70.9% value share of the global coronary stents market by the end of 2016. The Cardiac Catheterisation Laboratories segment is estimated to be valued at US$ 2,526.8 Mn by the end of 2026, registering a CAGR of 8.0% over the forecast period

Preview Coronary Stents Market Segmentation By Product Type – Drug Eluting Stent, Bare Metal Stent, Bioresorbable Vascular Stent; By Raw Material – Cobalt Chromium, Stainless Steel, Platinum-Chromium, Nickel-Titanium, Polymer; By End Use – Hospitals, Ambulatory Surgical Centres, Cardiac Catheterisation Laboratories: https://www.futuremarketinsights.com/checkout/1993

Regional projections

The global coronary stents market is segmented on the basis of region into North America, Latin America, Western Europe, Eastern Europe, APEJ, MEA, and Japan. The APEJ market is estimated to be valued at US$ 4,165.2 Mn by 2026, exhibiting a CAGR of 8% during the forecast period. The North America coronary stents market is expected to dominate the global coronary stents market in terms of revenue by 2016 end and is likely to retain its dominance throughout the forecast period.

The coronary stents market in North America is estimated to account for 29.2% market share of the global coronary stents market by 2016 end. The North America region is likely to be the second most attractive market with an attractiveness index of 2.5 during the forecast period. The markets in North America, Western Europe, and APEJ represent the highest growth opportunities in the global coronary stents market owing to a large patient population and an increasing demand for coronary stents in these regions.

Vendor insights

The global coronary stents market report profiles some of the top companies operating in the market. Leading market players featured in the report include Terumo Corporation, Boston Scientific Corporation, Medtronic, Vascular Concepts, B. Braun Melsungen AG, Biotronik SE & Co. KG, Abbott Laboratories, Biosensors International Group, Ltd., Hexacath, and Stentys SA. Key market players are focussing on increasing their footprints in emerging markets such as Asia Pacific and are expanding their manufacturing facilities and distribution network to gain a larger share of the global coronary stents market.

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More from FMI’s Healthcare, Pharmaceuticals & Medical Devices:

  • Cardiac Surgery Devices Market Segmentation Product – Heart Lung Machine, Breathing Heart Surgery Systems(Stabilisers, Positioners), Catheters(Ablation Catheter, Drainage Catheter), Perfusion Disposables(Oxygenators, Centrifugal Pumps, Cardioplegia Delivery System); End User – Hospitals, Ambulatory Surgical Centres; Procedure – Coronary Artery Bypass Grafting(On pump CABG, Off pump CABG), Minimally Invasive Surgery
  • Outpatient Clinics Market Segmentation center type – single specialty centers, multi-specialty centers, diagnostics, surgical; specialty areas – cardiology, orthopedics, gastroenterology, dental, ophthalmology, urology, neurology, dermatology, other
  • Single-Photon Emission Computed Tomography Market segmentation by Product Type- Single Imaging, GammaCameras, SPECT/CT; Application Type- Cardiology, Oncology, Neurology, Others; End User- Hospitals, Diagnostic Imaging Centres, Ambulatory Surgical Centres

About Future Market Insights (FMI)

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

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Positron Emission Tomography (PET) Scanners Market is projected to grow at a steady 5.1% CAGR from 2021 to 2031

Future Market Insights delivers key insights on the global Positron Emission Tomography scanners market in a new report titled, “Positron Emission Tomography (PET) Scanners Market: Global Industry Analysis and Opportunity Assessment, 2016–2026”. In terms of revenue, the global Positron Emission Tomography (PET) scanners market is projected to register a healthy CAGR of 4.7% over the forecast period.

According to Future Market Insights, growing occurrences of chronic disorders and increasing penetration of PET machines is expected to drive overall growth of the global Positron Emission Tomography (PET) scanners market during the forecast period. Rising demand for effective diagnostic techniques across the globe and expanded applications for PET in the field of oncology are further expected to boost the growth of the global Positron Emission Tomography (PET) scanners market between 2016 and 2026. However, a short half-life and low supply of radiopharmaceuticals is likely to restrict market growth over the forecast period.

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“A key trend in the global Positron Emission Tomography (PET) scanners market is the development of dual modality PET/CT and PET/MRI machines leading to better diagnostic sensitivity and specificity at each stage of disease prognosis. The entry of new radiopharmaceuticals has enhanced the diagnostic value of diseases treatment resulting in greater dependency on PET scanning procedures. These trends are likely to govern the global Positron Emission Tomography (PET) scanners market in the coming years.” – Analyst – Healthcare, Pharmaceuticals & Medical Devices, Future Market Insights

positron emission tomography scanners market

Positron Emission Tomography Scanners Market

Segmentation highlights

The global Positron Emission Tomography (PET) scanners market has been segmented by Product Type (Full Ring PET Scanners, Partial Ring PET Scanners); by Application (Oncology, Cardiology, Neurology, Others); by Detector Type (Bismuth Germanium Oxide (BGO), Lutetium Oxyorthosilicate (LSO), Gadolinium Oxyorthosilicate (GSO), Lutetium Fine Silicate (LFS), Lutetium Yttrium Orthosilicate); and by End User (Hospitals, Diagnostic Centres, PET Centres, Research Institutes);

  • The Full Ring PET Scanners product type segment was valued at US$ 759.3 Mn in 2015 and is expected to register 4.8% CAGR over the forecast period. The Partial Ring PET Scanners product type segment was valued at US$ 143.8 Mn in 2015 and is expected to increase to US$ 212.2 Mn by the end of 2026
  • The Oncology application segment is estimated to account for 86.6% market share by 2016 while the Cardiology application segment is estimated to account for 5.0% market share by 2016 end. Both these segments are expected to be the most lucrative segments in the global Positron Emission Tomography (PET) scanners market during the forecast period
  • The Lutetium Oxyorthosilicate (LSO) detector type segment was valued at US$ 322.7 Mn in 2015 and is expected to witness a CAGR of 4.3% over the forecast period to reach US$ 596.5 Mn by 2026 end. The Bismuth Germanium Oxide (BGO) detector type segment was valued at US$ 266.7 Mn in 2015 and is expected to increase to US$ 400.5 Mn by the end of 2026
  • The Hospitals end user segment is estimated to hold 35.7% market share by 2016 end while the Diagnostic Centres end user segment is estimated to account for 33.0% market share by 2016 end

Regional market projections

The global Positron Emission Tomography (PET) scanners market has been segmented into the seven key regions of North America, Latin America, Western Europe, Eastern Europe, APEJ, MEA, and Japan. North America dominated the global Positron Emission Tomography (PET) scanners market in 2015 and is likely to continue its dominance throughout the forecast period. North America is expected to reach a market valuation of US$ 631.9 Mn by 2026 end, witnessing a CAGR of 4.8% over the forecast period. The APEJ Positron Emission Tomography (PET) scanners market is estimated to be valued at US$ 132.9 Mn by 2016 end and is expected to register a CAGR of 5.1% over the forecast period.

Vendor insights

General Electric Co., Toshiba Corporation, Koninklijke Philips N.V., Siemens AG, Hitachi, Ltd., Positron Corporation, Mediso Ltd., and Yangzhou Kindsway Biotech Co. Ltd. are some of the leading players operating in the global Positron Emission Tomography (PET) scanners market. Major players in the global Positron Emission Tomography (PET) scanners market are focussing on enhancing their global and regional presence through introduction of novel products and strategic operational expansion. The report discusses individual strategies followed by these companies in terms of enhancing product designing, creating new manufacturing facilities, market consolidation, and advanced R&D initiatives.

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