Market Research Blog – Page 15941 – New Product Development

Nicotinic Acid Market to Garner Brimming Revenues by 2029

Nicotinic acid, also known as vitamin B3 or niacin, is a colorless, water-soluble derivative of pyridine. The natural foods such as peanuts, avocado, green peas, mushrooms, potatoes, whole grains, meat, poultry, and fish are rich in nicotinic acid. Nicotinic acid helps to regulate metabolism. As nicotinic acid is a water-soluble vitamin, it cannot be stored in the body, and thus, should be consumed to fulfill the daily requirements of the body.

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Nicotinic acid provides various benefits such as it protects skin from sun damage, boosts brain function, lower triglycerides and decreases bad cholesterol levels. Nicotinic acid is used in industries such as food, pharmaceutical, cosmetic, animal nutrition, dietary supplements, and functional foods.

Increase in Health-concerns Drives the Nicotinic Acid Market

The increasing prevalence of cardiovascular diseases is estimated to serve as one of the major drivers for the nicotinic acid market. According to the World Health Organization, in 2017, cardiovascular diseases are the number one cause of death all across the world. In 2017, around 31% of global deaths were due to cardiovascular diseases. The increase in the occurrence of cardiovascular diseases has increased awareness among consumers. The consumers are taking appropriate measures to maintain a healthy lifestyle.

Thus, the demand for cholesterol-reducing ingredients is anticipated to increase in the food and dietary supplement industry. Thus, nicotinic acid serves as a suitable option as it helps to reduce bad cholesterol, which further reduces the risk of cardiovascular diseases. Also, nicotinic acid is available in liquid as well as powder form which makes it easy for the manufacturers to develop healthy products according to their requirements.

The increase in health-awareness among the consumers is anticipated to have a positive impact on the nicotinic acid market. Consumers are adopting new habits to improve their health. The demand for dietary supplements is increasing among consumers. The consumer prefers the consumption of dietary supplements to fulfill the daily nutritional requirements of the body. Nicotinic acid offers many beneficial properties such as it might prevent help to treat Type 1 Diabetes, increases HDL levels, treats pellagra, etc.

The demand for vitamin supplements is increasing. According to NIH Office of Dietary Supplements (ODS), multivitamin/mineral supplements accounted for almost one-sixth of the total dietary supplement purchased, while vitamin and mineral containing supplements accounted around 40% of the total dietary supplement sales. Thus, the rising demand for dietary supplements is expected to propel the nicotinic acid market.

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Nicotinic Acid Market: Regional Analysis

The increase in health and fitness trends in the Asia Pacific region is estimated to boosts the sales of nicotinic acid. The impact of western culture, increase in disposable income, hectic lifestyle, and high youth population is some of the drivers for the increase in the demand for nicotinic acid. The high youth population and their inclination towards the gym and other fitness activities enhance the requirements of vitamins and proteins. Thus, the manufacturers of the dietary supplement industry are anticipated to develop dietary supplements which contain multivitamins and other essential nutrients that are required by the youth population. Therefore, the demand for nicotinic acid is anticipated to increase in the Asia Pacific region.

Nicotinic Acid Market: Key Participants

Few of the key market players in the nicotinic acid market are:

Koninklijke DSM N.V.
Jubilant Life Science Ingredients
Lonza Group AG
Aarti Drugs Ltd.
Vertellus
Lasons India Pvt. Ltd.
Resonance Specialities Limited
Brother Enterprises Holding Co., Ltd.
Triveni Chemicals

The research report presents a comprehensive assessment of the nicotinic acid 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 market segments such as form, grade, end-use, and distribution channel.

The report covers exhaustive analysis on:

Nicotinic acid Market Segments
Market Dynamics
Market Size
Supply and Demand
Current Trends/Issues/Challenges pertaining to nicotinic acid market
Competition Landscape and Emerging Market Participants in the nicotinic acid market
Technology related to Production/Processing of nicotinic acid
Value Chain Analysis of the nicotinic acid market

The regional analysis includes:

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)

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.

Nicotinic Acid Market Segmentation

The nicotinic acid market can be segmented on the basis of form, grade, end-use, and distribution channel –

The nicotinic acid market can be segmented on the basis of the form as:

Liquid
Powder

The nicotinic acid market can be segmented on the basis of the grade as:

Food Grade
Feed Grade
Pharmaceutical Grade
Cosmetic Grade

The nicotinic acid market can be segmented on the basis of the end-use as:

Food and Beverage
Dietary Supplements and Functional Foods
Pharmaceutical Industry
Cosmetic and Personal Care
Animal Nutrition

The nicotinic acid market can be segmented on the basis of the distribution channel as:

Direct Sales/ B2B
Indirect Sales/B2C
Hypermarkets/Supermarkets
Wholesalers
Convenience Stores
Specialty Stores
Online Retailers

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Report Highlights:

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

Metal Bellows Market Trend 2020, Growth, Leading Companies with Impact of Covid-19, Business Scenario, Emerging Dynamics, Industry Share and Revenue Forecast by 2030

Metal bellows are flexible elements used in various industrial applications where compression is expected when the pressure is applied from the other side of any elastic vessel.

Metal bellows are designed in a way that they compress or expand on the application of pressure, and come back to their original share once the pressure is removed.

As they are most commonly used as a part of piping applications, their convolution geometry and thickness is designed according to the temperature and pressure range as well as pipe capacity.

In cases where pipes expand due to increase in temperatures, metal bellows act as a resistance by limiting the compression by force.Metal bellows are commonly used in various industries such as manufacturing, water treatment, mining, automotive, power generation, and wind energy generation.

Though the global metal bellows market is characterised with stringent governmental regulations, end user preference for metal bellows over its other alternatives is expected to boost the profitability of manufacturers across various regions.

Demand for Metal Bellows in Aerospace & Defense Industry to Grow Strong

The adoption of metal bellows in a wide range of end-use industries such as automotive, semiconductor, oil & gas, and pharmaceuticals is significantly high, which is mainly driving the metal bellows market.

However, the demand is relatively higher in the aerospace & defense industry, and this is mainly influencing the growth prospects of the global metal bellows market.

In the past two years, the aerospace & defense industry witnessed a major downfall in the commercial aircraft manufacturing and deliveries, which is mainly attributed to the worldwide outbreak of the novel coronavirus. However, the demand for metal bellows in the industry remained fundamentally strong as leading players in the aerospace industry.

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Global leaders such as Airbus and Boeing, are known to be holding a significantly large backlog of orders, and this is currently holding up the production activities for these players.

In addition, the industry is witnessing a growing number of new original equipment manufacturers (OEMs) entering the landscape, along with the rising development of fuel-efficient alternatives for conventional elements of commercial aerospace products.

This indicates that the adoption of metal bellows in the global aerospace & defense industry will further bolster the growth of the global metal bellows market in the coming years.

Metal Bellows Market: Competitive Landscape

Some of the leading stakeholders in the global metal bellows market include

Servometer
EnPro Industries Inc.
EagleBurgmann KE
Meggitt PLC
U.S. Bellows Inc.
KSM Corporation
Technoflex Corporation
BOA Holding GmbH
Freudenberg Group
MW Industries

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

Diethyl phthalate is a diethyl ester of phthalic acid and is a chemical compound belonging to the phthalate ester family. Diethyl phthalate is clear colorless liquid which is marginally denser than water. Diethyl phthalate has low volatility. Diethyl phthalate is also known as solvanol or phthalol in industry. Generally diethyl phthalate is synthesized by either Ald-Ox process, or by Oxo process. Diethyl phthalate can also be produced by reacting phthalic anhydride with ethanol in the presence of concentrated sulfuric acid which acts as a catalyst. The purity of diethyl phthalate generally ranges from 98% to 99.5%. Diethyl phthalate is used as a plasticizer for increasing the flexibility of plastics. Diethyl phthalate has found its application as a plasticizer in the manufacturing of automobile parts, packaging films, plastic films, tools etc. Diethyl phthalate is used as a suitable solvent for various organic compounds. Diethyl phthalate is used as a binder in different types of cosmetics and fragrances. Diethyl phthalate is also used in the formulation of bathing soaps, toiletries, aftershave lotions and skin care products. Diethyl phthalate is used as component in insecticides and mosquito repellent sprays. It can also be used as a plasticizer for solid rocket propellants. Diethyl phthalate has also found its application as coating ingredient in aspirin and as a diluent in polysulfide dental impression materials. Diethyl phthalate is considered as a compound with acute toxicity, owing to which there are number of exposure regulations on diethyl phthalate.

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Global Diethyl Phthalate Market: Dynamics

Significant growth in urban population and increased consumer spending capabilities coupled with increased youth inclination towards styling and grooming has escalated the demand for cosmetics and personal care products. Increasing consumption of cosmetics and personal products is estimated as a key driving factor responsible for the growth of global diethyl market. Rise in population has increased the need for modern day agricultural cultivation with better yield. Adoption of modern day agricultural techniques has increased the demand for agrochemicals, which is projected to have positive impact on diethyl phthalate market. Plastics & polymers play a crucial role in the industrial world, thus increased demand for plastics & polymers is expected to bolster the demand for diethyl phthalate. In the recent years packaging industry has witnessed significant growth and is expected to witness upward trend in the forthcoming period. Growth of packaging industry will propel the demand for diethyl phthalate in the upcoming years. Increasing number of regulations due to the toxicity of diethyl phthalate and its harmful effect on the human reproductive systems can be attributed as restraining factor for diethyl phthalate market growth.

Global Diethyl Phthalate Market: Regional Outlook

Swift growth of population coupled with rising consumer spending capabilities especially in countries such as China and India is estimated to drive the growth of personal care and cosmetics industry. Apart from it increasing inclination towards styling & grooming has elevated sales of cosmetics and personal care products in the Asia Pacific region. Along with the aforementioned factors and growth of agrochemicals, packaging and plastics & polymers industries is estimated to make Asia Pacific a prominent market for diethyl phthalate. Regions such as Europe & North America can be attributed as a potential markets for diethyl phthalates owing to the rising demand of personal care products. However increasing regulations might slowdown the market growth in these regions. Significant growth of cosmetics & personal care industry due increased consumption in regions such as Latin America and Middle & Africa, makes LAMEA a promising market for diethyl phthalate.

Global Diethyl Phthalate Market: Key Market Participants

Examples of some of the market participants operating in the global diethyl phthalate market are:

Merck KGaA, Tokyo Chemical Industry Co., Ltd., Thirumalai Chemicals Ltd., Eastman Chemical Company, Oaisis Alcohol India Pvt. Ltd., Shandong Zhonglan Chemical Co., Ltd., Jiangsu Kedi New Material Co., Ltd., Shanghai Ruizheng Chemical Technology Co., Ltd., ChemFine International Co., Ltd., Wuhan Jayusion Pharmaceutical Technology Co., Ltd. and Gihi Chemicals Co., Ltd. among others.

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

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Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

Automotive Floor Mats Market 2021 (COVID-19 Impact Analysis Included) Opportunities, Regional Overview, Top Leaders, Revenue and Forecast to 2029

Automotive floor mats are a vital part of the automotive to keep the vehicle floor neat and clean that used in commercial as well as a passenger vehicle. Automotive floor mats are the automotive accessories designed to protect the vehicle floor from wear, corrosion, and dirt. The Automotive floor mats are mainly utilized to keep the automotive interiors clean and neat. Majority of the automotive floor mats are removable and can be replaced easily. Majorly Automotive floor mats manufactured from synthetic rubber with unique shape and design to capture the dirt and water. The Automotive floor mats are required to maintain the specific standard to control odor release, durability of the automotive floor mats, and performance of the automotive floor mats in various heat levels. Automotive floor mats continue to be one of the maximum selling accessories in terms of volume, however their average selling price is low which doesn’t fetch substantial revenues.

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Automotive Floor Mats Market: Drivers and Challenges

The increasing production of the passenger cars, as well as commercial vehicles, are expected to drive the automotive floor mats market positively.

Many manufacturers are inclining towards new product development in the area of floor mats materials for high strength and long operational life. The increasing Research and Development Activities for new product development with advanced materials that anticipated to create the supply side trend in automotive floor mats market. In many nations, Original Equipment manufacturer needs to follow stringent regulations for the manufacturing of automotive floor mat to avoid safety hazards including odour release, durability, and performance in various heat levels.

The material type plays a precursor to procurement of automotive floor mat by the nature of its quality and associated price which varies from per individual spending on the product. Associated socio economic factors have also been instrumental in developing the said market. In extreme weather conditional regions, the automotive floor can get dirty owing to accumulative mud and debris. To prevent the vehicle floor from such dirt debris, the automotive floor mats consumption is estimated to increase in the respective regions.

The aftermarket sales is also been a significant contributor to the sales of automotive floor mats where the developing regions have registered a greater weightage of aftermarket sales as compared to OEMs.

Automotive Floor Mats Market: Regional Outlook

East Asia is estimated to be the dominating region in the automotive floor mats market throughout the forecast period as the region accounts for around 25% of the global vehicle sales. North America region, as well as Europe region, is anticipated to gaining traction for aftermarket sales opportunities in the automotive floor mats market owing to automotive fleet size in the respective regions. South Asia Region is expected to witness maximum growth in the near future due to increasing automotive sales along with fleet size. In Oceania and Middle East & Africa is estimated to gaining traction soon owing to increasing preference towards passenger comfort and safety. Developed Economies such as U.S., Germany, OEM need to follow certain regulations to manufacture automotive floor mats which is estimated to hamper the growth of the automotive floor mats market.

Examples of some of the market participants in the Automotive Floor Mats market identified across the value chain include:

Husky Liners, Inc
Maxliner USA
CURT Manufacturing LLC.
RACEMARK International, LLC.
Omix-ADA, Inc.
Stinzo Auotmotives Pvt Ltd
MacNeil IP LLC
Lloyd Mats Inc.
Prestige Loop Mats Industries Private Limited.

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Phenolic Boards Market Size, Growth Opportunities, Industry Potential, Segmentation Overview, Trends And Forecast Studies 2029

Phenolic board is plywood like material which is manufactured with the help of woven fabrics/ high density thermo-setting cellulose fabrics along with phenolic resins. Phenolic board is also known by the name of phenolic panels. Phenolic board is not made from wood, therefore it does not have problems related to plywood. Phenolic board is manufactured by compressing/pressing woven fabrics/cellulose fabrics with phenolic resins under high pressure. Phenolic boards have high UV resistance, chemical resistance, moisture resistance and abrasion resistance along with high mechanical strength. On the core surface of phenolic boards numerous materials such as laminates, wood panels can be used, owing to its characteristic properties it is used for different purposes in building and construction industry. Phenolic boards is used in the construction of small cabins or cubicles for changing room, toilets, bathroom etc. Phenolic boards are also used in furniture making and construction of lockers used in changing rooms. Phenolic boards are also used as partitions and as countertops for wash basin/sinks. Phenolic boards can also be used for façade cladding. Phenolic boards in combination with phenolic foams can be used as insulating panels. Phenolic boards are available in different colors as well as different finishes.

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Phenolic Board Market: Dynamics

The perennial population growth along with rapid urbanization rate in developing regions has catalyzed the building & construction activities across the globe. The construction industry has witnessed significant growth over the last couple of years. Furthermore, a rebound in residential buildings is further expected to fuel the growth of the construction industry, which is anticipated to positively influence the phenolic board market. In the recent years there has been significant increase in the commercial construction activities in developing countries which is expected to up surge the demand for phenolic boards. Increase in GDP growth of a country will indirectly influence the infrastructural spending of the country, owing to which GDP growth will indirectly influence the growth of phenolic board market. Imposition of strict industrial norms for worker safety and welfare has resulted into rise in infrastructural activities, which in turn is positive outlook for phenolic board markets. The high cost of phenolic board as compared to traditional plywood is drawback for phenolic board market in price sensitive regions. Furthermore, with increased degree of spending in building interiors such as false ceilings, wall partitions and insulating units has been instrumental in driving the sales of phenolic boards to a sound extent and will continue to achieve the same in the next decade.

Product development and brand management are key strategies which have been practiced in majority by the phenolic board manufacturers to sustain their market footprint and gain competitive edge over the general competitors. Several grades of phenolic board with properties of fire resistant, waterproof, termite and weed resistant have been launched by the manufacturers in recent times. Apart from retail based marketing, technical marketing and strong vendor relationship management is also been pursued by the phenolic board manufacturers with key decision makers in building design such as interior designers, architects, job contractors and building materials procurement officials to as to liquidate bulk sales at optimal prices thereby gaining sound margins and accreditations in association of reputed construction projects gaining brand popularity.

Phenolic Board Market: Regional Outlook

Growing population and rising urbanization has resulted into rise in the number of building & construction activities in Asia Pacific region. Also in the recent years there is substantial rise in residential as well as commercial construction activities especially in the countries such as India and China, owing to which Asia Pacific can be attributed as a prominent market for phenolic board. In the regions such as Europe and North America there is rising demand efficient materials with characteristic properties for building & construction owing to which North America and Europe can be considered as potential markets for phenolic board. Increasing urbanization has resulted into rise in the building & construction activities in Latin America coupled with elevating commercial construction in Middle East & Africa, collectively makes LAMEA a promising market for phenolic board.

Phenolic Board Market: Key Participants

Some of the key participants identified in the global phenolic board market are:

SPIGO Group, Guangdong Yuhua Building Materials Co., Ltd., Mega Plywood Corp., Kingspan Insulation, Sekisui Chemical, Asahi Kasei, Jinan Shengquan Group, Langfang Sanxing Chemical, Linyi Longser Imp. & Exp. Co., Ltd., Linyi Haoqing Wood Co., Ltd., Linyi Baochen Wood Co., Ltd., Shandong Jitong Board Industry Co., Ltd., Stonewood Architectural Panel and Fiberesin Industries among others.

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Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

Central Lab Market Size Estimates and Forecasts by Region, Growth Rate and Trend Analysis by Types and Application 2018 to 2028

Pharmaceutical companies are seeking for ways to reduce cost of development and manufacturing their products. Central lab services are one of the most commonly outsourced services by these companies. Apart from reduced cost, the use of central labs also accelerates the drug development process. Central labs are generally fully outsourced by pharmaceutical and biopharmaceutical companies. Many CRO’s have become interested in central lab services, since they provide bundled services that allows them to take a broad range of services.

Some of the key strategies that the central lab market players impose are, bundling services and adopting advance technology solutions. Due to large volume of clinical trial study data and increasing complexity, bundled services offers a variety of services to pharmaceutical and biopharmaceutical companies at a discounted rate. Furthermore, adoption of advance technology and software to automate some process, aids in reducing time duration for some services, thereby reducing the cost of the clinical trial.

The pharmaceutical industry is evolving and strategic partnerships have become significantly more common across the industry. A number of companies sign multiyear, fixed price based service agreement with either a single central lab or multiple labs. For an instance, in 2016, Pfizer established relationship [p with its fourth strategic partner inventive Health. The company has already been in a partnership with ICON, Parexel and PPD.

Thus central lab market is expected to grow at a significant rate owing to the increase in number and complexity of clinical trials, increase in prevalence of diseases and increasing need to reduce the cost of trails along with the rising trend of outsourcing across the world.

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Central Lab Market: Drivers and Restraints

Increase in the complexity of clinical trials and its environment has led to the emergence and growth of a number of central labs across the world. Increase in number of clinical trials, reduced cost of trials, advancement in new therapies and drugs are some of the factors that argument the growth of the central lab market. However, regulatory challenges may hinder the growth of the market during the forecast period.

Central Lab Market: Overview

Central Lab market is segmented into service type, end users and regions. Central lab service provides have a number of services that may be bundled or singular services. These services can be broadly categorized as genetic services, biomarker development services, microbiology services, histology services, specimen management and storage services, specialty chemistry services including coagulation, electrophoresis, liquid chromatography and toxicology among other services.

Central Lab Market: Regional Outlook

North America combined with Europe take the maximum share of the radiation protection market. This is due to advancement in technology, increased healthcare budget, rise in awareness, and increasing number of interventional cardiology procedures in the regions. However in regions such as China and India, the growing demand for interventional cardiology procedures, ageing population and limited number of healthcare professionals has created an opportunity for the growth of the Central Lab market in such regions. Thus, the Central Lab market is expected to grow with a significant CAGR in the APAC region.

Central Lab Market: Key Players

There are a number of large players in the central lab market. Some of the players that offer central lab services include, Covance(Labcorp), Eurofins Global Central Library, ICON Central Labs, Medpace Reference Laboratory, PPD Central Lab and Q² Solutions among many others.

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Hydrated Lime Market size, Insights, Prospects, Growth Trends, Key Trends, Opportunities and Forecast until 2028

Lime is calcium-containing inorganic compound, in which oxides and hydroxides are predominate. Primarily, lime has two different types such as hydrated lime and quicklime. Hydrated lime is available in dry powder form, is less caustic as compared to quicklime. It is produced by hydrating or adding water during the manufacturing process, also known as slaking. Hydrated lime is used in ground or pulverized form. In term of applications, hydrated lime is used in metallurgical operations for refining and extraction of metals from mineral ores; in agricultural fields as a soil conditioner for pH balancing; and in the manufacturing of cement, clinker, plasters and related additive materials for concrete. Further, hydrated lime is used as a softener in water-treatment processes. Further, it is used as a reagent in flue gas treatment during the desulphurization process and as a chemical additive for the manufacturing of paper, glass and processed leather products

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Global Hydrated Lime Market Dynamics

Mining activities involve the refining of mineral ores in pure metal form to generate sludge effluents, which are released in water sources. These water resources, require effective water treatment, which in turn creates lucrative growth opportunities for hydrated lime producers, owing to the application of hydrated lime as a reagent for effluent treatment processes. Existing mandatory environment management rules enforced by governments for achieving zero hazardous material discharge in natural water resources are expected to be the prime factor supporting this growth.

Precipitate calcium carbonate (PCC), made by hydrated lime, is an innovative product, which finds a wide range of application in the production of paper, paint, plastic, rubber, ink, etc. PPC’s ability to replace high-cost impact modifiers in polymers is, in turn, driving its consumption in plastic industries_ PVC plastisols, polysulfides, urethanes, and silicones. Thus, the demand for precipitated calcium carbonate is positively impacting on the global hydrated lime market throughout the forecast period. The growing use of hydrated lime in various application, specifically in the agriculture, chemical, plastic, and mining industries are expected to drive the demand for the global hydrated lime market.

Global Hydrated Lime Market: Regional outlook

On the basis of geography, the global hydrated lime market can be segmented into nine key regions, namely, South East Asia Pacific, Latin America, Western Europe, Middle East & Africa, China, Japan, Eastern Europe, and India. With growing investments in the Latin America region in the construction sector, the market in the region is projected to witness significant traction. Further, an increase of coal mining and the production of coal in the Asian market are expected to subsequently drive the demand for hydrated lime at the regional level. Increasing demand for pesticides from the South East Asia Pacific region, the hydrated lime market is estimated to grow with a healthy growth rate. Also, China and India are major consumers of hydrated lime. In term of steel production, Europe dominates the market (the region has 168.7 million metric tons production of steel in 2017), owing to that, the demand for hydrated lime in Europe will increase in next few years. Further, the hydrated lime market in developed economies like North America estimated to grow with a healthy growth rate during the forecast period.

Global Hydrated Lime Market: Key Players

The global hydrated lime market expected to be fragmented throughout the forecast period. Some of the market participants identified across the value chain of the global hydrated lime market include Graymont Limited, Lhoist, SIBELCO, NIKI Chemical industries, McGean-Rohco Inc., KIMTAS, CARMEUSE, Boral Limited, Omya Australia Pty Ltd. and United States Lime & Minerals, Inc., among others.

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 market segments such as geographies, application, and industry.

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Insights-As-A-Service Market is anticipated to total US$ 20.5 Bn by 2031

FMI’s latest survey offers an up-to-date analysis of latest trends and uncovers hidden prospects in the insights-as-a-service market. It studies the market in terms of solution, application, enterprise size, and industry across 20+ countries and 6 regions to provide actionable insights for the players.

Future Market Insights (FMI), Dubai: As per the latest study published by FMI, the global insights-as-a-service market is anticipated to total US$ 20.5 Bn by 2031. Ongoing technological advancements and increasing integration of cloud computing across information technology, telecom, and other sectors is augmenting the demand for insights-as-a-services (IaaS).

IaaS is gaining immense popularity across banking, banking, financial services, and insurance (BFSI) sector as it offers crucial insights about financial data, stocks, keyword performance, business process data, and others. Driven by this, the market is poised to grow at a monstrous CAGR of 23.4% during the forecast period 2021-2031.

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Additionally, growing focus on improving customer lifecycle management within small & medium enterprises (SMEs) and large enterprises will increase the application of IaaS, in turn creating lucrative growth opportunities for the market.

Shifting inclination of businesses from traditional systems to digital solutions is creating demand for centralization of data across all functions and departments in an organization. This is expected to favor the growth in the market.

Key players are emphasizing on adoption of cloud computing technologies for collecting data and identifying key challenges to gain competitive edge over other companies and reduce in-house costs. Against this backdrop, sales of insights-as-a-service are expected to spur.

As per FMI, the large enterprises emerged as the most remunerative segment, contributing revenue share of over 71.6% in 2020. Primary factor driving the growth is the increasing adoption of IaaS owing to its lower up-front cost and high return on investment (ROI) compare to traditional methods of data analysis.

“Increasing integration of novel internet-based technologies such as artificial intelligence, machine learning, big data analytics, and others across banking, financial services, & insurance (BFSI) and telecom industries is expected to favor the growth in the market,” says a FMI analyst.

Key Takeaways from Insights-as-a-service Market Study

The U.S. market is forecast to account for the largest share in North America, expanding at 22.7% CAGR through 2031.
Indonesia is projected to emerge as one of the fastest-growing insights-as-a-service markets in the world, growing at a CAGR of 34.9% from 2021 to 2031.
Germany is estimated to remain the dominant market in Europe, surging at a CAGR of 26.3% during the assessment period.
On the basis of industry, the BFSI industry segment is expected to account for 19.6% of the total revenue share, exhibiting sales growth at 19.7% CAGR by 2031.
In terms of application, customer analytics is anticipated to continue to lead the segment, expanding at a CAGR of 24.3% between 2021 and 2031.

Key Drivers

Increasing internet penetration and growing government support to develop advanced information and communication technology (ICT) sector across North America, Europe, and Asia Pacific is driving the growth in the market.
Emergence of specialized insights-as-a-service vendors and growing investment in cloud-based offerings by key market players are expected to favor the demand for IaaS.

Key Restraints

High risk of cybercrime such as hacking, data breach, and others associated with IaaS, being a cloud-based service, is hampering the growth in the market.
Difficulty in integrating the data for large enterprises due to large number of functions and operations is hindering the sales of IaaS across the large enterprises size segment.

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Competitive Landscape

As per FMI, the top five companies in the market are Capgemini, Oracle Corporation, IBM Corporation, Accenture, and GoodData. These players are expiated to account for nearly 20% to 30% market revenue share in 2021.

Several leading cloud-based service providers are intensively investing in innovation and research and development (R&D) activities to increase applications of insights-as-a-services and expand product portfolio.

Some of the players are adopting strategies such as merger, acquisition, and collaboration to strengthen their global presence. For instance,

In September 2021, Capgemini announced acquiring an agile IT and cyber-security services company, VariQ provides cybersecurity, software development, and cloud services for federal government departments and agencies across the United States. Thus, the acquisition will assist the company to expand its customer base.
In October 2020, Oracle Corporation, an American multinational computer technology corporation, announced launching Oracle Cloud management and observability platform. It provides insight and visibility across cloud traditional and native technology, whether deployed in on-premises environments or in multicloud with standards-based ecosystem.

Some of the key players operating in the market profiled by FMI are:

Capgemini
GoodData
GAVS Technologies
Oracle Corporation
IBM Corporation
Accenture
Crediwatch
Civica
Analytics Wise
Deloitte
thinkbridge Software
Totango
9Lenses
JBara
ACTICO GmbH

More Valuable Insights on Insights-as-a-service Market

The latest report by FMI provides a detailed analysis of the global insights-as-a-service market, providing credible insights into key factor driving the market through 2021 and beyond. The study also disclosed growth projections on in insights-as-a-service market with detailed segmentation:

By Solution:

Insights-as-a-Service Platform (SaaS-based)
Services
- Consulting & Advisory
- Implementation & Integration
- Support & Maintenance

By Application:

Branding & Marketing Management
Supply Chain Analytics
Competition Benchmarking
Governance, Risk & Compliance
Customer Analytics
Others

By Enterprise Size:

Small & Medium Enterprises (SMEs)
Large Enterprises

By Industry:

BFSI
Retail & CPG
IT & Telecom
Media & Entertainment
Education
Healthcare and Life Sciences
Government
Manufacturing
Others

By Region:

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

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Key Questions Covered in the Report

The report offers insight into insights-as-a-service market demand outlook for the forecast period 2021-2031
The market study also highlights projected sales growth for insights-as-a-service market between 2021 and 2031
Insights-as-a-service market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
Insights-as-a-service market share analysis, covering key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

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Nutrition Therapy Market Analysis by Growth, segmentation, performance, Competitive Strategies and Forecast to 2028

Nutrition therapy is the therapeutic approach of treating the disease condition by adopting healthy tailored diet under the supervision of a registered dietician, nutritionist or a physician. Nutrition therapy helps in restoring balance and vitality of an individual. Nutrition therapy is an evidence-based approach to maximize one’s health potential via adopting suitable nutritional and lifestyle changes. The major advantage of adopting nutrition therapy is that it treats the body from the root source of illness and not only the symptoms. Nutrition therapy is helpful in curing several health concerns such as digestive problems, weight problems, cardiovascular health, hormonal imbalances, skin conditions, autoimmune diseases as well as mental health & general wellbeing. Nutrition therapy also helps in curing infections, surgery and trauma conditions. The major reason for adopting nutrition therapy is that the food which we eat has a profound effect on our physical, mental and social wellbeing.

The aim of nutrition therapy is to prevent the macro and micronutrient deficiency as well as maintaining body tissues and functioning plasma protein. Along with the dietary changes, natural supplements are also recommended for complimenting the conventional medicines and make the treatment more effective.

Nutrition Therapy Market: Drivers & Restraints

The major driving factor for nutrition therapy market is the absence of healthy food from the diet plan due to the complicated and busy lives these days. Rising geriatric population and growing focus on preventive care by individuals fuel the growth of the nutrition therapy market. Increasing lifestyle disorders these days with the surge in the levels of diabetes, heart disease and other chronic diseases also promote the market growth. Also, increase in the demand for Nutritionists and Dieticians also support the market growth. Higher consultation charges of individual nutrition experts restrain the services market to grow as it is out of the affordable limit of everyone. As many people are not ready to follow a strict diet plan, it also restricts the market to grow. Moreover, the service is available only in the developed and some developing countries and most of the low- and middle-income countries still don’t have access to these types of services, which thus curbs the market growth.

Nutrition Therapy Market: Overview

Nutrition therapy services are being provided these days by hospitals, clinics, wellness centres and other facilities. Registered physicians work at these centres as full time or part time employees. These services are customized depending on the disease condition of a patient. There is an increasing trend of collaborating with a nutrition expert along with the treatment of a disease as it saves a considerable amount of treatment cost. People these days are also becoming increasingly concerned about the food they eat and their effect on health.

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Nutrition Therapy Market: Regional Outlook

Geographically, North America leads the market for nutrition therapy owing to the favourable reimbursement scenario, awareness about these services and easy access. Moreover, the high number of lifestyle disorders in the region also fuel the market for nutrition therapy. The Western Europe market because of the presence of advanced healthcare facilities and a greater focus on personal health is expected to grow at a significant rate. Japan also represents as the established market for nutrition therapy services. The market in the Asia-Pacific represents a significant growth rate due to the increasing adoption of nutrition therapy in hospitals, wellness centers and sports centers for maintaining fitness and naturally curing the symptoms of chronic diseases. Latin America followed by the Middle East and Africa are expected to have lowest market share as well as the growth rate over the forecast period. Moreover, the penetration of nutrition therapy services is more in the developed countries than the developing and under-developed countries.

Nutrition Therapy Market: Key Players

Examples of some of the key players in the nutrition therapy market are Texas Health Resources, UPMC Pinnacle, Academy of Nutrition and Dietetics USA, Crozer-Keystone Health System, B. Braun Melsungen AG, Max Healthcare, Fortis Healthcare, SuperWellness Ltd., and Qua Nutrition, among others.

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Comprehensive analysis on evolving purchase pattern across different geographies
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Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

Truck Mounted Concrete Mixer Market Size (Value & Volume), Future Trends, Opportunities and Sales Channels, Forecast 2028

The market for ready mix concrete in leading areas is rising rapidly. With technological revolution observed in the concrete industry, achieving high-performance concrete and with tighter controls is getting simpler. Systems are being used for translating the properties of ready mix concrete into quantified data with the help of sensors mounted on trucks. This is expected to offer growth opportunities for the truck mounted concrete mixer manufacturers who aim at product innovation for gaining competitive advantage.

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Reduction of Downtime and Rise in Profit to be Major Requirements for Companies

According to Cemen Tech of Indianola, Iowa, the use of mobile volumetric mixer enable saving nearly 40 percent of concrete costs. Not just cost-reductions, but achieving precision concrete has also become an important aspect for the construction industry. Various cement manufacturing companies are making use of volumetric concrete trucks type of truck mounted concrete mixer. For instance, CTS Cement Manufacturing, South California, using volumetric trucks, provides quick-setting bulk cement to concrete contractors and producers.

Market in Europe and MEA to Witness Key Investment Pursuits by Leading Truck Mounted Concrete Mixer Manufacturers

While the overall market is scrutinized in accordance with seven major regions spread across the globe, expansions and investment initiatives in few regions represents the potential that they hold for the truck mounted concrete mixer market. The European and Middle East and African market for truck mounted concrete mixer underline effective avenues with increasing investments by key truck mounted concrete mixer manufacturers witnessed in these regions.

For instance, Sany Group, a truck mounted concrete mixer provider signed a dealership agreement with Rhombus which is expected to achieve major sale of dump trucks and concrete machine in Kenya in the next three years, enabling Sany to move ahead in making its concrete machinery a rank 1 and dump trucks a rank 2 equipment in the local market. Similarly, Liebherr Group opened its development and demonstration center in Kirchdorf, Europe which would develop and test material handlers and construction machinery to make them fit for customer requirements. Having no competing validation center in elsewhere in Europe, this unit would strengthen Liebherr’s European business. Additionally, Putzmeister, another truck mounted concrete mixer market player invested over a million dollars in a R&D facility in Germany, designed for setting new equipment standards for the concrete industry.

Major Truck Mounted Concrete Mixer Providers to Focus on Increasing their Business Capabilities with Effective Strategies

The key players contributing to the truck mounted concrete mixer market include Liebherr Group, SCHWING Stetter, SANY GROUP, Shantui Construction Machinery Co. Ltd., Beston (Henan) Machinery Co., Ltd., Anhui Hualing Automobile Group Co Ltd, Putzmeister Holding GmbH, XCMG Co. Ltd, Zoomlion Heavy Industry Science & Technology Co., Ltd, and KCP Heavy Industries.

A newly formed ready mixed concrete business set up in London area has shown its faith in Liebherr Group’s product offerings where the company purchased Liebherr’s eight HTM 804 truck mixers with which it would join forces with Mercedes-Benz chassis for the ready mixed concrete operation at its Barking-based plant.

The truck mounted concrete mixer company, Zoomlion Heavy Industry Science & Technology Co., Ltd. is all set to exhibit their new product line comprising smart products, the mainstay of the display being their concrete pumping solutions which include the concrete truck mixer, 56m truck pump that is mounted on the Mercedes truck-mounted mixer pump, designed for spaces and capacities, which showcases lower fuel consumption, higher working efficiency, and increased life-span.

Changsha in China is transforming the country’s manufacturing capabilities with the incorporation of next-generation technologies, and upgrading construction machinery. Sany Group, largest heavy equipment manufacturer in China and a player in the truck mounted concrete mixer market is also upgrading its business with intelligent manufacturing, as its Changsha workshop is Asia’s largest intelligent manufacturing unit.

Truck Mounted Concrete Mixer Market Division to Obtain In-depth Overview

Based on the mixing capacity, the truck mounted concrete mixer market is divided into three segments including between 6 m3 to 10 m3, less than 6 m3, and above 10 m3.
According to the type, the truck mounted concrete mixer market is segmented into volumetric concrete truck, concrete pump truck, and rough terrain concrete truck.
On the basis of product type the truck mounted concrete mixer market is classified as truck mounted static pump, truck mounted mobile pump, and truck mixer concrete pump.
The segments including in the mounting vehicle basis of classification of the truck mounted concrete mixer market include trailer and truck.

The research report on truck mounted concrete mixer market showcases a detailed evaluation of the whole market. It includes in-depth insights, historical and factual data, and industry-validated and statistically-supported data providing a better understanding of the truck mounted concrete mixer market. The report on truck mounted concrete mixer market includes predictions using adequate set of assumptions and methodologies. The research report on truck mounted concrete mixer market provides evaluations and data based on regions, technology, market segments, and applications.

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Why Future Market Insights?

Comprehensive analysis on evolving purchase pattern across different geographies
Detailed insights of market segments and sub-segments for historical as well as forecast period
A competitive analysis of prominent players and emerging players in the keyword market
Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario