Actinic Keratosis Treatment Market is expected to reach US$ 8.0 Bn by 2028 | FMI

[275 Pages Report] Global demand for actinic keratosis treatment, majorly driven by that in the U.S. and European countries, continues to grow at a strong rate. Poised for revenues of over US$ 4 Bn by the end of 2019, the global actinic keratosis treatment market will exhibit an impressive CAGR of 7% during the forecast period (2019 – 2029).

The understanding about the nature of actinic keratosis and the potential risk of this condition progressing to squamous cell carcinoma (SCC) is improving, among patients as well as healthcare providers. Especially among the elderly, actinic keratosis remains one of the most commonly diagnosed dermatological condition that creates a continued need for efficacious treatments.

Who Is Winning?

The actinic keratosis treatment market report tracks the key market players, which includes GlaxoSmithKline Plc. Nestle SA, Novartis AG, Sun Pharmaceutical Ltd., Leo Pharma Inc. etc. Leading manufacturers in the actinic keratosis treatment market are focusing on acquisitions to enhance their product portfolio. For instance, in November 2015, Leo Pharma A/S completed the acquisition of dermatology business of Astellas Pharma. With this acquisition, the company expanded its dermatology product portfolio segment. Companies are also focusing on segment leadership. In February 2016, Cipher Pharmaceuticals Inc. launched Actikerall for the topical treatment of slightly palpable and/or moderately thick hyperkeratotic actinic keratosis to mark their leadership in topical product segment.

Combination therapies such as topical fluorouracil cryotherapy, PDT and imiquimod therapy, chemical peels, and 5-FU are generally the most prescribed therapies for actinic keratosis. Convenient administration, lower potential for irritation, and systemic absorption continue to underpin their high adoption rate. Development of drugs with increased efficacy and decreased side effects that can be used as combination therapy for actinic keratosis treatment is currently the focal point of global market leaders. Biofrontera AG commercially launched its product Ameluz (2016), used in combination with PDT for actinic keratosis treatment.

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Development of minimally invasive drug-device combination therapies and fast track regulatory approval for pipeline drugs will be offering a completely new set of treatment options for actinic keratosis in the near future.

Key Takeaways – Actinic Keratosis Treatment Market Study

  • Growing use of topical products as the first-line preference for actinic keratosis treatment is offering huge opportunities to market players to develop and launch new topical products for actinic keratosis treatment.
  • Increasing collaboration activities by key market players of the actinic keratosis treatment market with other companies to broaden their products portfolio is anticipated to propel the actinic keratosis treatment market growth.
    • For instance, in March 2017, Galderma SA (Nestle Skin Health Company) collaborated with Colorescience, to enhance its product portfolio for aesthetic treatment.
  • Increasing product approvals of actinic keratosis treatment by regulatory bodies is expected to fuel the actinic keratosis treatment market growth.
    • For instance, in March 2018, combination of Ameluz and daylight photodynamic therapy (PDT) by Biofrontera AG got approval from the European Union.
  • The U.S. and Australia marking rise in incidence and prevalence of actinic keratosis will remain highly prominent markets for actinic keratosis treatment providers.

What Does the Report Cover?

Future Market Insights offers a unique perspective and actionable insights on actinic keratosis treatment market in its latest study, presenting historical demand assessment from 2014 – 2018 and projections from 2019 – 2029 on the basis of treatment category (topical treatment, procedural modality, photodynamic therapy and others), disease type (clinical AK and subclinical AK)and end-user (hospitals, laser therapy centers, private dermatology clinics, spas and rejuvenation centers, cancer treatment centers, homecare) in seven key regions.

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Actinic Keratosis Treatment Market By Category

By Treatment Type:

  • Topical Treatment
    • 5-fluorouracil Cream
    • Diclofenac Gel
    • Imiquimod Cream
    • Ingenol mebutate Gel
  • Procedural Modality
    • Chemical Peels
    • Cryotherapy
  • Photodynamic Therapy
  • Others

By Disease Type:

  • Clinical AK
  • Subclinical AK

By End User:

  • Hospitals
  • Private Dermatology Clinics
  • Laser Therapy Centers
  • Cancer Treatment Centers
  • Spas and Rejuvenation Centers
  • Homecare

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Ultrasound Systems Market is projected to reach USD 13.2 billion by 2028 | Get Insights FMI

Digitization in the healthcare sector has revamped the ultrasound systems market. The advancements in different spheres of the industry has benefited not just the patients but the market too, as the demand for medical examination has surged over the past decade. A new market research report by Future Market Insights, revolves around an in-depth and an all-inclusive analysis of Global Ultrasound Systems Market, reveals a strong growth of the market due to upgraded services provided to the patients and also the easier approach to the internal body examination witnessed with the usage of ultrasound systems.

According to the outcomes of global forecast mentioned in the report titled ‘Ultrasound Systems Market – Global Industry Analysis 2012 – 2021 and Opportunity Assessment 2022 – 2028’, the global ultrasound systems market is expected to reach a market value of over US$ 13.2 Bn by the end of 2028, growing at an impressive CAGR of 5.5% during the forecast period.

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Hospitals to hold largest share in Ultrasound Systems Market with highest demand for application in Radiology

Hospitals shift toward more value-oriented products, they need to operate more efficiently and productively. Similarly, a quality shift has occurred with patients, who more proactively involved in their care. Trends from the shift to value-based care include data integration and population health management. An influx of data combined with advancements in imaging helps leverage these data to not only bring further value but also apply it to broader populations. Along with the clearer and high definition pictures that are a part of ultrasound systems, there has also been an introduction to the portable machines. These are the more handy and easy to move form of ultrasound systems that have come into existence not long ago. Although the developed nations are already familiar with the technology, the market may find a higher prospects of growth in the developing regions. The market analysis has shown that hospitals hold the highest market share in the Global Ultrasound Systems Market, however diagnostics imaging and surgical centers are expected to raise a higher demand for the systems in the coming years. In terms of application the market is also dominated by Radiology as the key application area for ultrasound systems and is expected to continue growing further at a CAGR of 6.3% during the forecast period, as analyzed by FMI.

Favourable Government Policies to Benefit Start-up Companies and Independent diagnostic centers

As a move to encourage start-up companies, government of various regions like Asia Pacific and MEA have bolstered the initiatives to support the new start-ups who are entering the healthcare and medical device industry. It includes exemption of taxes for the first three years, subsidizing patent protection cost etc. The move is intended to boost the overall market for medical devices. Specifically the medical imaging market has also taken an independent position in the global market. With the betterment in services and advanced facilities related to ultrasound or any other imaging techniques, the global market is expected to witness a higher volume of independent imaging centers. The companies have also independently introduced handy and user-friendly devices in the market. GE, Philips, Samsung, Fukuda, Mindray, Hitachi, Toshiba, and Siemens, all these companies offer their own particular models.

The coming years will showcase more advanced ultrasound systems, which will provide an image clearer than 3D or 4D pictures.

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Key Market Segments Covered in Ultrasound systems Market Research

By Modality:

  • Cart/Trolley Based
  • Compact/Hand Held

By Application:

  • Radiology
  • Obstetrics & Gynaecology
  • Cardiology
  • Gastroenterology
  • Others

By End User:

  • Hospitals & Clinics
  • Diagnostic Imaging & Surgical Centers
  • ASCs
  • Others

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Future Market Insights,
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Heparin-Induced Thrombocytopenia (HIT) Treatment Market Trends, Demand Factors And Outlook 2029

Heparin-Induced Thrombocytopenia (HIT) is an immune-mediated life-threatening complication. It is an adverse drug reaction caused by the generation of antibodies that activates platelet factor 4(PF-4) in the presence of heparin.

Heparin-Induced Thrombocytopenia (HIT) can lead to many thromboembolic complications, such as acute myocardial infarction, pulmonary embolism, deep venous thrombosis, thrombotic stroke and pulmonary embolism.

A number of laboratory tests like Enzyme-Linked Immunosorbent Assay (ELISA), Serotonin Release Assay (SRA), Enzyme Immunoassay (EIA), Heparin-Induced Platelet Activation (HIPA) Tests are now available to confirm the diagnosis of Heparin-induced thrombocytopenia (HIT) treatment. Heparin-Induced Thrombocytopenia (HIT) treatment can be mediated by three alternative anticoagulants. These include Lepirudin, Danaparoid and Argatroban.

These antithrombotic drugs are immediately active and are direct inhibitors of thrombin. They also inhibit thrombin generation and are routinely monitored. These drugs are monitored with ecarin the clotting time (ECT) for lepirudin, the activated clotting time (ACT) for argatroban, or anti?Xa assays for danaparoid.

However, consideration should be given towards the safety and efficacy of the alternative anticoagulant drug for the heparin-induced thrombocytopenia (HIT) treatment. The patient’s clinical status including renal and hepatic function, likely risks and benefits should be monitored during the heparin-induced thrombocytopenia (HIT) treatment.

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Heparin-Induced Thrombocytopenia (HIT) Treatment: Drivers and Restraints

Increase administration of various forms of heparin, an anticoagulant for the treatment of cardiovascular and orthopaedic surgery and invasive procedures increase the chances of heparin-induced thrombocytopenia, which drives the heparin-induced thrombocytopenia (HIT) market.

Heparin is widely being used in acute coronary syndromes, atrial fibrillation, venous thromboembolism, dialysis, peripheral occlusive disease, and during extracorporeal circulation which increase the chances of heparin-induced thrombocytopenia (HIT) and drives the market of heparin-induced thrombocytopenia (HIT) treatment.

About 12 million hospitalized patients in the USA, around one third in a year, are receiving heparin, which is expected to drive the heparin-induced thrombocytopenia (HIT) treatment market. However, due to the various complications of heparin-induced thrombocytopenia (HIT) treatment and side effects of the available drugs expected to restraints the heparin-induced thrombocytopenia (HIT) treatment market.

Heparin-Induced Thrombocytopenia (HIT) Treatment: Overview

The growth of heparin-induced thrombocytopenia (HIT) treatment market is expected to be high during forecasting periods due to the life-threatening complication of the disease. Increasing administration of heparin develops the possibilities of life-threatening heparin-induced thrombocytopenia (HIT), which will drive the heparin-induced thrombocytopenia (HIT) treatment market.

However, due to the less availability of sophisticated drugs and therapies, there is a huge opportunity among the key market players for the development of novel drug and therapies for the heparin-induced thrombocytopenia (HIT) treatment during the near forecasting periods

Heparin-Induced Thrombocytopenia (HIT) Treatment Market: Region-wise Outlook

U.S. is expected as the largest regional market share in the heparin-induced thrombocytopenia (HIT) treatment market owing to high patient awareness levels, the presence of more number of market players, increasing awareness about heparin-induced thrombocytopenia (HIT) treatment and marketing activities in the region followed by Europe.

The heparin-induced thrombocytopenia (HIT) treatment market is expected to grow fastest in the Asia Pacific may because of the increasing prevalence of cardiovascular and acute coronary syndromes, thus boosting the market growth.

However, in the South Asian countries such as India and China, the opportunities to manufacture and distribute new heparin-induced thrombocytopenia (HIT) treatment drugs is expected to be higher due to large population and increasing incidence of heparin-induced thrombocytopenia during forecasting periods.

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Heparin-Induced Thrombocytopenia (HIT) Treatment Market: Key Market Participants

Key players of heparin-induced thrombocytopenia (HIT) treatment market includes Pfizer Inc., Alleviare Life Sciences Pvt. Ltd., ANDOZ, GlaxoSmithKline Plc., Eagle Pharmaceuticals Inc. Teva Pharmaceutical Industries Ltd., WEST-WARD, 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.

Regional analysis includes

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

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the market intelligence engine from Future Market Insights. Sign Up for a 7 day free trial!

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Dental Veneers Market Share, Top Operating Players, Recent Enhancements and Regional Analysis 2029

Dental veneers (some of the time called porcelain veneers or dental porcelain covers) are skinny, uniquely crafted shells of tooth-hued materials intended to cover the front surface of teeth to improve your appearance. These shells are clung to the front of the teeth changing their shading, shape, size, or length.

Dental veneers can be produced using porcelain or from sap composite materials. Dental veneers are a possible solution to achieve a look as per patient desire. They are a mainstream decision for those with chipped teeth, a hole between teeth, or distorted teeth.

Dental veneers market: Drivers and Restraints

The growth of this market is driven by the development in the geriatric population and comparing age-related dental illnesses, rising pervasiveness of tooth decay and periodontal sicknesses in the general population over the globe, expanding readiness to embrace dental corrective items, builds attention to the aesthetic awareness among the population, increasing application are rising immensely over the globe and the developing number of dental specialists.

Be that as it may, the staggering expense of premium dental embeds and restricted repayment, and high danger of tooth misfortune related with dental scaffolds may hope to ruin the development of this market during the conjecture time frame. Further, alternatively, progressively economical methodology, for example, teeth brightening, have gained acceptance globally are the restraining factor for the growth of Dental veneers market.

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Dental veneers market: Overview

Dental veneers are overwhelmingly used for restorative purposes and are joined to the front of the tooth to make an increasingly white and straighter smile. They are used to improve the nearness of the smile by treating delicate tooth misalignment, parts, worn tooth, chips, recoloring, and openings.

The treatment for every patient is uncommonly made to meet the stand-out requirements. The holding of dental veneers is done using tar concrete. Based on product type dental veneers market can be segmented as Composite material and dental porcelain.

Dental porcelain is expected to be a prominent segment in the dental veneers market owing to strong and long lasting properties, natural looking surface and it don’t stain easily. Based on end user, dental veneers market can be segmented as hospitals and dental clinics. Dental clinics porcelain is expected to be a prominent segment in the dental veneers market.

Dental veneers market: Regional Outlook

Topographically, the dental veneers market can be separated into North America, Latin America, Europe, South Asia, East Asia, Oceania and Middle East and Africa. North America rules the worldwide dental veneers as far as revenue attributable to cutting edge medicinal services, developed infrastructure, aesthetic awareness among the population.

Europe represents second conspicuous market in the dental veneers market. Europe represented the significant piece of the overall industry of dental veneers and is evaluated to lead the general market in the years to come.

The purpose for the general market development could be the developing maturing population, experiencing dental issues, government activity by subsidizing oral human services, and the rising acknowledgment of dental corrective medicines.

The dental veneers market in the South Asia is foreseen to enlist relatively quick development as far as revenue over the forecasted period because of increment in human services costs, rise in incidence rate of dental infections, increment in discretionary cashflow and expanding attention to the dental issue. The nations like India and China are the major and rising economies for the customers of dental veneers in this region.

Dental veneers market: Key Players

Major players operating in the dental veneers market include Glidewell Laboratories, Colgate-Plmolive, Dentsply International, Zimmer, PHILIPS, DenMat, Ultradent Products, Lion, Henkel, Trident, Sirona Dental Systems and among others.

The research report presents a comprehensive assessment of the Dental veneers 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 Dental veneers market segments such as geographies, application, and industry.

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The report covers exhaust analysis on

  • Dental veneers market Segments
  • Dental veneers market Dynamics
  • Dental veneers market Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Indication
  • Value Chain

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Europe (Germany, Italy, France, U.K, Spain)
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa (GCC Countries, South Africa, Northern 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.

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Dental veneers market: Segmentation

The dental veneers market can be segmented on basis of Product type, end user and region

Based on Product type, dental veneers market can be segmented as:

  • Composite Material
  • Dental Procelain

Based end user, dental veneers market can be segmented

  • Hospital
  • Dental Clinics
  • Dental Institutions

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the market intelligence engine from Future Market Insights. Sign Up for a 7 day free trial!

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Enquiries: sales@futuremarketinsights.com

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Fluorescence Spectroscopy Market Report- Drivers and Restraints, Growth Opportunity Assessment and Forecast to 2028

At present, there are various diagnostic techniques available for the diagnosis of medically important microorganisms like viruses, bacteria, parasites, and fungi. But, these techniques are time-consuming with some limitations or inconvenience.

Fluorescence spectroscopy seems to be a promising emerging diagnostic technique with fast and rapid diagnosis ability which can be used in many filed of medical sciences. Fluorescence spectroscopy is a method which is used to analyze the sample fluorescence properties by determining the concentration of an analyte in a sample.

Fluorescence spectroscopy is extensively used for measuring compounds in a solution and is usually considered an easy method to perform. Fluorescence spectroscopy is a kind of electromagnetic spectroscopy which examines fluorescence from a sample.

In fluorescence spectroscopy, a specific wavelength light band is usually passed through a solution, which emits the light into a detector through a filter for measurement. The amount of light absorbed by the sample and the amount of light that is emitted by the sample can be quantified.

There are generally five parameters measured in fluorescence spectroscopy and they are emission spectrum, excitation spectrum, decay times, quantum yield, and anisotropy.

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Fluorescence Spectroscopy Market: Drivers and Restraints

Fluorescence spectroscopy market is expected to show a noteworthy growth over the forecast period due to the increasing adoption of new and advanced technologies among the targeted population.

Furthermore, continues advancement in the fluorescence spectroscopy equipment’s and competition among the fluorescence spectroscopy market players are some of the other factors which are driving the growth of the global fluorescence spectroscopy market.

However, there are some factors responsible for hampering the growth of the global fluorescence spectroscopy market. Factors such as the fluorescence spectroscopy devices are expensive and provide less focus on developing new techniques due to lack of awareness and less profitability. These are some of the factors that could impede and drive the growth of the global fluorescence spectroscopy market.

Fluorescence Spectroscopy Market: Overview

Over the past few years, it is observed that the fluorescence spectroscopy technique applications have been continuously growing. Initially used as an analytical tool in order to determine the presence of specific molecules in solutions, but now used in various application like biochemistry and biophysics for studying the molecular interactions and dynamics in solutions and cells both.

Also used in clinical immunoassays for determining the presence of specific antibodies and antigens, in life sciences and in drug development, and others. Fluorescence spectroscopy is a simple, fast, and an inexpensive method to determine the concentration of an analyte based on its fluorescent properties.

Based on the end user, the global fluorescence spectroscopy market is segmented into pharmaceutical industries, clinical laboratories, biotechnology laboratories, academic & research institutes, and others. Amongst all the end users, pharmaceutical industries and clinical laboratories segment are collectively anticipated to hold significant market share in the global fluorescence spectroscopy market.

Fluorescence Spectroscopy Market: Regional Outlook

It is observed that the developed countries of North America and Europe are expected to contribute major market share in the global fluorescence spectroscopy market. This is majorly due to extensive use of advanced technology in research and development processes.

The growth in Asia Pacific fluorescence spectroscopy market is projected to expand with an increasing growth rate due to the rise in the availability of resources. Countries like China, Japan and India are expected to show lucrative growth opportunities due to increasing manufacturing facilities and high adoption of new technologies in clinical laboratories.

However, growth in developing countries is expected to be slow due to lack of awareness with low adoption.

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Fluorescence Spectroscopy Market: Key Players

Examples of some of the key players operating in fluorescence spectroscopy market are Shimadzu Corporation, Sarspec, Lda, Aurora Biomed Inc., HORIBA, Ltd., Agilent Technologies, Rigaku, PerkinElmer Inc. and others.

The report covers exhaustive analysis on

  • Fluorescence Spectroscopy Market Segments
  • Fluorescence Spectroscopy Market Dynamics
  • Fluorescence Spectroscopy Market Size
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Value Chain

The regional analysis includes

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

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Fluorescence Spectroscopy Market: Segmentation

The global fluorescence spectroscopy market is segmented by application, end user and region:

Based on application, the global fluorescence spectroscopy market is segmented into:

  • Life Sciences
  • Drug Discovery
  • Nanotechnology
  • Others

Based on end user, the global fluorescence spectroscopy market is segmented into:

  • Pharmaceutical Industries
  • Clinical Laboratories
  • Biotechnology Laboratories
  • Academic & Research Institutes
  • Others

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the market intelligence engine from Future Market Insights. Sign Up for a 7 day free trial!

Contact Us:

Future Market Insights, Inc.

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Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

Enquiries: sales@futuremarketinsights.com

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Electronic Board Level Underfill Material Market Size & Industry Trends Report for 2032

The global electronic board-level underfill material market is anticipated to witness opulent growth opportunities with a healthy CAGR of 5.3% between 2022 and 2032. The global market reached US$ 295.9 Mn in 2021 and is expected to touch a valuation of US$ 310.7 Mn in 2022.

In addition to that, the rise in production and utilization of electronic products has led to the overall surge in the market by expected a valuation surpassing US$ 520.7 Mn by the end of 2032. According to the FMI historical analysis, the global electronic board level underfill material market grew at a stagnant CAGR of 3.1% between 2015 and 2021.

Attributing to the surging usage of electronic devices and the ongoing trend of miniaturization and development of multi-feature electronic devices are some of the key factors expected to boost growth in the global electronic board level underfill material market during the forecast period.

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Underfill is mostly used to expand and redistribute the thermo-mechanical stress associated with the Coefficient of Thermal Expansion (CTE) mismatch between the silicon chip and organic substrate in order to improve the reliability of a CSP, BGA, or flip chip on an organic board package. A variety of substances are used for the manufacturing of these underfills including epoxy, silica, alumina, silica gel, urethane, and many others.

Key Takeaways

The electronic industry is one of the most dynamic sectors of the economy and its significant rise has prompted major shifts in funding. The integration of manufacturing networks combined with the electronics sector has proven to be very beneficial to the ASEAN region since they allow for improved commerce with bigger Asian economies like China.

China is a dominant and crucial country for the development of the Asian electronic sector. China is known to acquire raw materials and components from other Asian nations and then ship them all over the globe. The rapid surge in the production of electronics will continue to bolster growth in the global electronic board level underfill material market during the forecast period.

The surging trend of miniaturization of electronic devices led to a rise in the number of components on the printed circuit board. Owing to this fast-growing trend, demand for smaller, thinner, and more highly integrated printed circuit boards (PCBs) that are populated with the flip chip is expected to rise.

Advanced nanotechnology and microelectromechanical systems (MEMS) are rising in functionality along with the acceptance in a majority of applications among various industries, such as consumer electronics and others. The current pace of miniaturization of electronic devices will result in a surge in demand for PCBs in near future.

Miniaturizing several electronic devices including laptops, smartphones, consumer electronics, and many more, has led to an increased usage of underfills materials in encapsulation and cavity filling type applications, therefore elevating growth prospects for the global electronic board level underfill material market.

Electronic Board Level Underfill materials offer mechanical reinforcements to the solder joints and solder balls that join a chip to a printed circuit board. Therefore, they play a key role in extending the thermal aging and lifetime of electronic devices.

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Key Companies Profiled

  • Henkel AG & Co. KGaA
  • Namics Corporation
  • ASE Group
  • MacDermid Alpha Electronic Solutions
  • Parker LORD Corporation
  • B. Fuller Company
  • Dow Inc.
  • ELANTAS GmbH
  • Zymet
  • Hitachi Chemical Co., Ltd.
  • Panasonic Corporation
  • AI Technology, Inc
  • Indium Corporation
  • Sanyu Rec Co., Ltd.
  • Dymax Corporation
  • Epoxy Technology, Inc.
  • Protavic International
  • YINCAE Advanced Materials, LLC

More Insights into the Electronic Board Level Underfill Material Market

According to FMI analysis, the U.S. is projected to account for a significant share of the global electronic board level underfill material market by accounting for about 19.4% in 2022. The rapid growth in the country is attributed to consumers’ high disposable income and per capita expenditure.

Owing to the surging expansion of the electronic industry and the presence of product types at a reasonable price point, the electronic board level underfills material market in China is poised to grow at a healthy pace of around 6.2% CAGR during the forecast period.

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Electronic Board Level Underfill Material Market by Category

By Product Type:

  • Underfills
    • Capillary
    • Edge Bonds
  • Gob Top Encapsulations

By Material Type:

  • Quartz / Silicone
  • Alumina Based
  • Epoxy Based
  • Urethane Based
  • Acrylic Based
  • Others

By Board Type:

  • CSP (Chip Scale Package)
  • BGA (Ball Grid array)
  • Flip Chips

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Precious Metal Plating Chemicals Market Is Expected To See a growth of 3.90% | Future Market Insights

The global precious metal plating chemicals market is currently witnessing steady growth and is expected to reflect a noteworthy valuation by the end of the assessment year in 2027. The precious metal plating chemicals market is valued at US$ 1.6 Bn in 2021. It is set to grow at 3.9% CAGR through 2027.

This research includes insights on various market segments across key geographies. It also includes an in-depth analysis on various trends, drivers, restraints and opportunities in the precious metal plating chemicals market that influence the growth of the global market. The research study covers value and volume projections of the different market segments and presents future market projections based on historical data and the current market scenario. This analytical research report can assist upcoming businesses by showcasing key recommendations that can be used to gain stability given the changing market dynamics of the global precious metal plating chemicals market.

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Global Precious Metal Plating Chemicals Market: Segmental Highlights

The global precious metal plating chemicals market is segmented by chemical base metal, by end use industry, by product form and by region.

  • By product form, the solution/concentrate segment is expected to be highly lucrative. This is the fastest growing segment in this category and is projected to register a CAGR of 4.0% during the period of forecast to reach a valuation of around US$ 1,950 Mn by 2027 end.
  • By end use industry, the electrical and electronics segment is the largest in terms of value and is expected to dominate the global market. By 2027 end, this segment is estimated to reach a value more than US$ 900 Mn. The hardware and other industrial segment is projected to grow at a comparatively higher CAGR of 4.2% throughout the forecast period. However, the electrical and electronics segment reflects higher market attractiveness and high scope for growth in the coming years.
  • By region, Asia Pacific excluding Japan (APEJ) is a high growth regional market for precious metal plating chemicals during the forecast period. The precious metal plating chemicals market in this region is projected to grow at the highest pace compared to other regions and is expected to witness a market valuation a bit under US$ 650 Mn by 2027 end.
  • By chemical base metal, gold is the dominating segment and is expected to reflect a 1.5x increase in revenue during 2017-2027. This segment is projected to register a high CAGR of 4.3% during the forecast period.

Global Precious Metal Plating Chemicals Market: Aspects Influencing Growth

Increasing demand for precious metal plating chemicals from the electrical and electronics sector, growing use of precious metal plating chemicals in the aerospace industry, increasing governmental support in the electronics industry ultimately pushing the demand for precious metal plating chemicals, growing automotive industry aiding the demand for precious metal plating chemicals, expanding consumer electronics market supporting the growth of precious metal chemicals and increasing demand from diverse end use industries at a global level are pushing the growth of the global precious metal plating chemicals market. Aspects restricting the growth of the market are challenges associated with raw material procurement and price fluctuations, strict regulations governing the manufacture and disposal of cyanide based chemicals and the use of alternatives such as development of non-platinum group metal catalysts.

Global Precious Metal Plating Chemicals Market: Forecast

The global precious metal plating chemicals market is expected to reach a valuation of more than US$ 2 Bn by the end of the assessment year from a value of below US$ 1,500 Mn in 2017. The global precious metal plating chemicals market is projected to grow at a CAGR of 3.9% throughout the period of assessment.

Global Precious Metal Plating Chemicals Market: Company Profiles

The report includes key profiles of major companies dealing with precious metal plating chemicals. Company details such as company overview, key personnel, strategies, key financials, SWOT analysis, key developments, product portfolio analysis and geographical spread are covered in the report. Profiling of companies such as Heimerle + Meule GmbH, JAPAN PURE CHEMICAL CO. Ltd., American Elements, Shaanxi Kaida Chemical Engineering Co., Ltd., Metalor Technologies International SA, Heraeus Holding, MATSUDA SANGYO CO., LTD., Superchem Finishers, SAXONIA Edelmetalle GmbH, UMA CHEMICALS, LEGOR GROUP S.p.A., Johnson Matthey, Umicore, Robert Chemical Co., Inc., Technic Inc., Electrochemical Products, Grauer & Weil (India) Limited, Riko Chemicals Pvt. Ltd., Micron Platers and Solar Applied Materials Technology Corporation has been done.

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Market Segmentation

By Chemical Base Metal:

  • Platinum
  • Rhodium
  • Gold
  • Silver
  • Palladium
  • Others (Iridium, Etc.)

By End Use Industry:

  • Aerospace
  • Electrical and Electronics
  • Medical Device
  • Automotive
  • Jewelry
  • Hardware and Other Industrial

By Product Form:

  • Solid/Powder
  • Solution/Concentrate

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Non-Woven Glass Fiber Prepreg Market will reach a value of US$ 1.7 Bn by 2032

According to Future Market Insights’ most recent market research, the global non-woven glass fiber prepreg market is expected to reach US$ 901.7 million in 2022 and grow at a CAGR of 6.90% between 2022 and 2032. By the end of the forecast period, the market is anticipated to reach a valuation of US$ 1,757.3 Mn.

Non-woven is a technology which involves processes other than knitting and weaving. The process starts with the formation of fibre web and followed by subsequent bonding of these webs with the reinforcing chemicals. The fibres mostly used can carbon, glass, aramid etc.

For instance, in aero engines excellent resistance high temperature is an essential criteria for which bismaleimidematrix is used. For fire resistance phenolic are used whereas for excellent mechanical properties epoxy type are used. Non-woven glass fiber prepreg basically finds application in aerospace and industrial sector wherein the wind energy in industrial sector consumes prepreg mostly. The global non-woven glass fiber prepreg is expected to grow relatively at a high growth rate with the increased growth in the end use industries.

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The process of bonding these reinforced fibres with a matrix of resin is called as impregnation and the combination of reinforcing fibre and resin matrix is called as prepreg. Thus, non-woven glass fibre prepreg is a strong composite material with exceptional mechanical properties.

The resins (matrix) used in the prepreg depend on the ultimate applications and properties required in the composite material. They can thermoplastics or thermosetting type of resins. The mostly used thermosetting matrix are of epoxy, phenolic and bismaleimide.

Global Non-Woven Glass Fiber Prepreg Market: Drivers and Restraints:

The global non-woven glass fiber prepreg market is primarily driven by the increasing need of the high performance materials in the industrial and aerospace sectors such as automotive industry, wind energy and industrial machinery. The high demand for sports equipment and sports goods further drives the global non-woven glass fibres.

Global Non-Woven Glass Fiber Prepreg Market: Region Wise Outlook

The global non-woven glass fiber prepreg market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA). Europe and North America are the matured markets for the non-woven glass fiber prepreg with presence of major players in the regions and expected that growth of the major players will drive the global non-woven glass fiber prepreg market during the forecast period.

Next in line is APEJ, especially China, which accounts for major share in terms of consumption in Asia Pacific region due increasing industrial expansion. The non-woven glass fiber prepreg s market is anticipated to grow in Japan and Latin America followed by MEA. Overall the global market for non-woven glass fiber prepreg is projected to record significant growth during the forecast period.

Global Non-Woven Glass Fiber Prepreg Market: Key Players

Some of the key players identified in the global non-woven glass fiber prepreg  market includes:

  • Saint-Gobain
  • PPG Industries Inc.
  • Owens Corning
  •  Jushi Group Co., Ltd
  • SAERTEX GmbH & Co. KG
  • Ahlstrom Oyj
  • Johns Manville
  • Hexcel Corporation

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 geography, technology and applications.

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Global Non-Woven Glass Fiber Prepreg Market: Segmentation

On the basis of prepreg type, non-woven glass fiber prepreg market is segmented into:-

  • Thermoplastic prepreg
  • Thermosetting prepreg

On the basis of prepreg processing method, non-woven glass fiber prepreg market is segmented into:-

  • Vacuum bag processing
  • Autoclave processing

On the basis of application, non-woven glass fiber prepreg market is segmented into:-

  • Aerospace
    • Civil Aircraft
    • Primary Structure
    • Interiors
    • Aero-engines
    • Defence Aircraft
    • Helicopters
    • Space
  • Industrial
    • Wind Energy
    • Electronics
    • Sports Equipment
    • Automotive
    • Machinery
    • Tooling

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Maleic Anhydride Market Is Expected to reach US$ 5.49 billion by 2032

The maleic anhydride market is projected to grow from US$ 4.87 billion in 2022 to US$ 5.49 billion by 2032 at a CAGR of 5%. The use of composite materials in the construction, aerospace, and automotive industries is expected to increase.

Change in preference towards lighter, strongerand fiberglass composite materials in automotive, aerospace, turbine, and construction industries among others has increased rapidly in past five years. This in turn, has positively impacted the demand for unsaturated polyester resins (which are used to make aforementioned composite materials). Maleic anhydride is used as a one of the feedstock in the manufacturing of unsaturated polyester resins.

Maleic anhydride is an acid anhydride of maleic acid, colorless to white organic compound and versatile chemical intermediate which is used to produce 1,4-butanediol, tetrahydrofuran (THF) and gamma-butyrolactone (GBL). It is primarily produced from feed stocks such as n-butane and benzene of which production from n-butane holds significant share.

This is mainly attributed to low production cost and environment friendly nature of n-butane as compared to benzene. As benzene is toxic in nature and constitute high production cost. It can be used in the manufacture of alkyd resins, which is used for paint and coatings production. It is a vital component of gelling agents, food preservatives and flavor enhancers by converting maleic anhydride into maleic acid and fumeric acid. Moreover, it is also used to make elastane fibers; which are used in the production of spandex, paper sizing, hair sprays, hardeners for epoxy curing and water treatment chemicals.

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Global Maleic Anhydride Market: Market Dynamics

Rising disposable income coupled with increasing penetration of spandex in compression stockings, sportswear and medical textiles among others has resulted into surge in demand for 1,4-butanediol. Hence, it is expected to increase the demand for maleic anhydride over the forecast period.  The escalating growth in construction industry in BRIC and other developing countries is expected to drive the growth of the unsaturated polyester resins over the forecast period.

This is mainly attributed to use of unsaturated polyester resins in heat resistant pipes and tanks. Thus, this is expected to increase the demand for maleic anhydride over the forecast period. Moreover, use of maleic anhydride with bio-based feed stocks polymers is projected to fuel the growth of the maleic anhydride market during forecast period.

However, maleic anhydride is primarily produced from butane as a feedstock. Thus, rising concerns pertaining to depletion of crude oil is expected to challenge the growth of the maleic anhydride market over the forecast period.  In addition to this, use of bio based succinic acid as an alternative to maleic anhydride can be the challenging factor for the growth of the maleic anhydride market over the forecast period.

Global Maleic Anhydride Market: Regional Outlook

North America and Western Europe have witnessed moderate growth in global maleic anhydride market and it is expected to witness the same growth over the forecast period. This is mainly attributed to environmental concerns pertaining to greenhouse gases emission resulted into slowdown of the production of alkyd resins and 1,4-butandiol among others.

However, growth in the construction industry in developing countries is expected to increase the production of alkyd resins and 1,4-butandiol which in turn is expected to surge in demand for maleic anhydride over the forecast period. Thus, Asia Pacific excluding Japan, Latin America and Middle East and Africa are expected to witness significant growth over the forecast period. Furthermore, Asia Pacific excluding Japan (APEJ) region holds the largest value share in global maleic anhydride market.

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Global Maleic Anhydride Market Participants

Some of the major players identified in the global maleic anhydride market are as follows:

  • Huntsman International LLC
  • LANXESS A.G.
  • Flint Hills Resources
  • Bartek Ingredients Inc.
  • Polynt S.p.A
  • Zhejiang Jiangshan Chemical Co., Ltd.
  • MOL Hungarian Oil & Gas Plc
  • Nippon Shokubai Co., Ltd.
  • Changzhou Yabang Chemical Co.,Ltd.
  • Thirumalai Chemicals Ltd.
  • China National Bluestar (Group) 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 market segments such as geographies, 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)
  • 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.

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Global Maleic Anhydride Market: Segmentation

On the basis of application, global maleic anhydride market is segmented as below:

  • Unsaturated polyester resins
  • 1,4-butanediol
  • Additives
  • Co-polymers
  • Others

On the basis of end-use industries, global maleic anhydride market is segmented as below:

  • Construction
  • Automotive
  • Textile
  • Food & Beverage
  • Pharmaceutical
  • Others manufacturing

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Environmental Catalysts Market to Hit US$ 59.33 Bn by 2032 | Future Market Insights

The market for environmental catalysts is anticipated to reach USD 38.57 billion in 2022 and grow at a CAGR of 4.4% from 2022 to 2032. The market for environmental catalysts is anticipated to reach USD 59.33 billion in value by 2032.

Environmental catalysts are a class of catalysts that is primarily used in order to reduce the level of pollutants and harmful emissions associated with energy and other process based manufacturing industries. Besides their use in industrial applications, these environmental catalysts are also used to reduce automotive emissions.

As such, these catalysts commonly find application in power plants, gas and diesel engines, steam crackers, calcination plants, cement production, FCC units in refineries, waste incineration plants, gas turbines, railroad engines, steel mills, and chemical plants among others.

Environmental catalysts provide an efficacious and efficient solution for restriction of emission of nitrogen oxides, hydrocarbons and carbon monoxide among others in to the atmosphere.

Environmental catalysts are most commonly used in selective catalytic reduction, dieses oxidation catalysts, three way catalytic convertors among others in order to reduce the levels of volatile organic compounds emissions, ammonia emissions, and nitrous oxide emissions. Demand for environmental catalysts is expected to witness a steady growth during forecast period.

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Global Environmental Catalysts Market: Dynamics

Consumption of environmental catalysts has witnessed a steady growth in the recent past. The growth of environmental catalysts market can be attributed to increasing efforts towards developing more efficient, cleaner and safer industrial processes in order to adhere to ever stringent regulations and norms instituted by authorities and regulatory bodies, especially in regions such as North America and Europe.

The demand for environmental catalysts, in order to tackle both, stationary source emissions and mobile source emissions is expected to witness a steady growth over forecast period.  Moreover, growing emphasis on reducing the level of pollutants emanating from automobiles is expected to in turn result in increasing use of environmental catalysts thus driving the growth of environmental catalysts market during forecast period.

Also, increasing demand for environmental catalysts for municipal and industrial waste remediation is expected to gain momentum especially in developing regions of the globe during the forecast period.

Global Environmental Catalysts Market: Regional Outlook

Depending on the geographies of the globe, global environmental catalysts market is segmented in to seven key geographical segments namely North America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, Latin America, and Middle East & Africa.

North America and Europe, relatively mature markets, dominated global environmental catalysts market over the recent past. Whereas, consumption of these environmental catalysts is expected to witness faster growth in Asia Pacific region spearheaded by China.

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Global Environmental Catalyst Market: Key Players

Some of the players that operate in global environmental catalysts market are BASF SE, Johnson Matthey, CRI Catalyst Company, Axens Group, Environmental Catalyst Technology, Treibacher Industrie AG, Applied Catalysts, and EmeraChem etc.

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.

Global Environmental Catalysts Market: Segmentation

The global environmental catalysts market is segmented on the basis of the application of catalysts, and end-use segments.

On the basis of the application that these catalysts are used for, global environmental catalysts market is classified into

  • VOC oxidation catalysts
  • CO oxidation catalysts
  • Selective catalytic reduction catalysts
  • Others

On the basis of end-use segments, the global environmental catalysts market is segmented into

  • Mobile source emission control – heavy duty vehicles, light duty vehicles, motorcycles, construction equipment among others
  • Stationary source emission control that comprises industrial applications including those in power generation, refineries, municipal waste remediation etc.

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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 (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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