Market Research Blog – Page 9178 – New Product Development

Rising Pediatric and Geriatric Patient Preference for Softgel Capsules is expected to Drive Market Growth: Future Market Insights

As per Future Market Insights’ latest industry analysis, the valuation for the global softgel capsules market was around US$ 1.7 Bn in 2021, and is projected to exhibit growth at a CAGR of close to 6.0% over the forecast period.

Recent years have seen a significant increase in interest in the oral delivery of medications with low water solubility due to the development of soft gelatin capsules (SGCs) delivery systems. This can be explained by the surge of low-solubility medications in the pipeline and the difficulties in creating bioavailable and consistent dose forms.

These drugs are encapsulated inside SGCs, which is a method employed to transport the active constituents to the systemic circulation, to overcome some formulation constraints. SGCs feature great dose accuracy and homogeneity, as well as higher consistency in manufacturing and product stability.

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This is crucial for drugs that are susceptible to oxidative and hydrolytic breakdown. The expanding cosmetics industry’s desire for soft gel capsules to supply cosmeceuticals in the form of capsules drives the growth of the worldwide soft gel capsules market.

The rising consumption of supplements in capsule form increases demand for soft gel capsules, propelling the global soft gel capsules market. The pharmaceutical industry’s use of soft gel capsules is also aided by improvements to the capsules’ outer shell and compatibility with the ingredients inside, which have become two of the market’s main growth drivers.

Owed to the aforementioned factors, the global softgel capsules market is set to reach an estimated valuation of US$ 3.1 Bn in 2032.

Key Takeaways from Market Study

Gelatin softgel capsules are the leading segment as product, and hold approximately 3% market share in 2021, owing to their property of increased bioavailability, and greater absorption.
Type-A gelatin (pork skin) segment is set to lead in terms of raw material for softgel capsules with a projected market share of around 5% by 2032, owing to the high availability of porcine sources of raw material globally.
By application, health supplements are leading in the global softgel capsules market, and are expected to continue to do so with a projected CAGR of 5% during the forecasted years, as they are easy to swallow and disintegrate quickly.
By end users, CMOs hold a dominant market share of 2% in the global market in 2021, owed to the lowered cost of production, and higher output.
Oral softgels are leading the market as route of administration, holding a share of around 7% in 2021, owed to higher patient preference.
North America is considered as the leading region with a global share of 7% in 2021, owed to the large number of available distributors for softgel capsules in the region.

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“Rising prevalence of chronic diseases is promoting the adoption of softgel capsules with greater bioavailability, enhanced absorption, and a long shelf-life,” says an analyst of Future Market Insights.

Market Competition

The market for softgel capsules is fragmented, and there exists a number of contract manufacturing players within the market sphere. Key players promote market expansion through novel product launch activities along with acquisitions and collaborations.

The delayed/enteric release softgel OptiGel® DR by Catalent was introduced in October 2020 for applications in pharmaceutical and nutraceutical applications.
Sirio Pharma Company Limited announced in July 2022 that Sirio will purchase 80% of Best Pharmaceuticals, a contract manufacturer of nutraceuticals and dietary supplements.

Key Companies Profiled

Aenova Group GmbH
Fuji Capsule Co., Ltd
Sirio Pharma Company Limited
Catalent, Inc
EuroCaps Ltd
Guangdong Yichao Biological Co., Ltd.
Elnova Pharma
Captek Softgel International Inc
Hunan Er-Kang Pharmaceutical Co., Ltd
Soft Gel Technologies Inc.

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Key Market Segments Covered in Softgel Capsules Industry Research

By Product:

Gelatin Softgel Capsules
Vegetarian Softgel Capsules

By Raw Material:

Type-A Gelatin (Pork Skin)
Type-B Gelatin (Animal Bones & Skin)
Fish Bone Gelatin
Cellulose Derivatives
Starch Material

By Application:

Antacid & Antiflatulent Preparations
Antianemic Preparations Hematinic Preparations)
Anti-inflammatory Drugs
Antibiotic & Antibacterial Drugs
Cough & Cold Preparations
Cardiovascular Therapy Drugs
Health Supplements
Vitamin & Dietary Supplements
Other Therapeutic Applications

By End User:

In-house Manufacturing
- Pharmaceutical Companies
- Nutraceutical Companies
- Cosmeceutical Companies
Contract Manufacturing Organizations

By Route of Administration:

Oral Softgels
Suppositories
Pessaries
Twist off Softgels
Others

Have a Look at Related Research Reports of Healthcare Domain

Pancreatic Stone Protein Testing Market Value : The pancreatic stone protein testing market is likely to record a strong CAGR of 1.8% during the forecast period. The pancreatic stone protein testing market is currently valued at US$ 3 Bn in 2022 and is likely to reach US$ 3.59 Bn by 2032.

Multiple Unit Pellet Systems Market Sales : The global multiple unit pellet systems (MUPS) market was valued at US$ 3.48 Bn in the year 2021, expanding at a CAGR of 3.5% to reach an ~US$ 5.07 Bn by the end of 2032.

Humeral Implants Market Volume : The global humeral implants market is likely to be valued at US$ 963.8 Million in 2022. From 2022 to 2032, sales of humeral implants are expected to flourish at a 7.1% CAGR, reaching US$ 2,106 Million.

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Global Personal Navigation Devices Market Future Analysis, Demand by Regions & New Opportunities with Challenges 2032

The global personal navigation devices market is expected to grow at an 8.2% CAGR during the forecast period, with a revenue of $2,875 million in 2022 and a projected revenue of $6,340 million by 2032.

A personal navigation device, or PND, is a small portable device designed specifically to run route navigation applications. This is the most widely used product with embedded Global Navigation Satellite System (GNSS) technology. The device’s navigation is powered by computer software that has been pre-programmed.

This software provides the user with turn-by-turn directions to a destination. Most personal navigation devices on the market today include a voice output that can provide precise information without distracting the user.

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The devices that only supported navigation, initially, now support other features such as multimedia player, mobile hands-free system, external application support, games, travel utilities (measurement converter, currency converter, world time, calculator et cetera). Any user can use these personal navigation devices without any special training, qualifications or skills.

Personal Navigation Devices Market: Drivers and Challenges

One of the trends in the automobile industry that drives the personal navigation devices market is the integration of navigation supported security and safety features in automobiles. With the steady rise in the number of personal on-road vehicles, thefts and accidents have also increased.

Manufacturers are incorporating safety and security applications in navigation systems. Advanced Driver Assistance System (ADAS) is an example of a personal navigation system where the device has built-in features with additional intelligent sensors and units to keep track of road conditions and traffic, safety-related details regarding roads like lane changing assistance and speed breaker notifications.

However, escalating user expectations and increase in feature related complexity hinders the growth of the personal navigation devices market. Repeated updating is necessary for personal navigation devices without proper intelligent units to get proper directions to the destination.

Sometime, this could be a tedious task which makes it a challenge for the personal navigation devices market. Also, increase in competition from mobile phones and other handset-based navigation services will eventually restrict the growth of the global personal navigation devices market.

Personal Navigation Devices Market: Key Players

Some of the prominent vendors in the Personal Navigation Devices Market are TomTom International BV., Garmin Ltd., MiTAC International Corporation, Magellan GPS, Blaupunkt worldwide, Masternaut Limited, NAVIGON, AvMap Satellite Navigation, Inc., Becker Navigations and TeleNav

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Some Of The Recent Developments In The Personal Navigation Devices Market Are

In 2015, the integration of SmartGPS navigation software was announced by Magellan GPS into Bosch SoftTec’smySPIN infotainment platform.
In October 2018, Trimble Inc. acquired Veltec, a Brazil-based fleet management provider, to deliver fleet management solutions to transport companies.
In May 2018, Hexagon AB launched PIM7500 GNSS receiver, which is integrated with AI technology.
In July 2021, Thales Alenia Space, ASECNA, Geoflex, and NigComSat are working for the accelerated development of A-SBAS for the delivery of precise point positioning and risk warnings for various range of applications in Africa.

Personal Navigation Devices Market: Regional Overview

The largest market share of the global Personal Navigation Devices market was held by Europe regions followed by North America region. But, North America is estimated to catch up and get past Europe during the forecast period. The development of technology that links the smartphone to In-vehicle System (IVS) has contributed to the growth of personal navigation devices market in the North America region.

Extreme traffic in major cities in the Asia Pacific countries such as India and China will is estimated to increase the demand for intelligent personal navigation systems in the region by the forecast period.

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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Personal Navigation Devices Market: Segmentation

On the basis of vehicle type, the personal navigation device market is segmented into

By Type:

Commercial Vehicle
Entry-Level Passenger Vehicle
Mid-Premium Passenger Vehicle
Luxury Passenger Vehicle

By Application:

Smartphones
Tablets
Automobiles

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

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Global Anti-Static Control Products Market is Expected to Generate Huge Profits by 2032

The anti-static control products market is projected to grow at a CAGR of 6.2 percent over the course of the forecast period, from a value of US$ 523.43 billion in 2022 to US$ 955.21 billion in 2032.

In industrial applications including the production of electronics, anti-static control solutions are used to prevent electrostatic discharge (ESD). Anti-static mats, anti-static liners, anti-static controllers such coats, aprons, anti-static pouches, and chair covers are a few examples of anti-static control goods. For use on floors, tabletops, or countertops, anti-static mats are often constructed of rubber or vinyl.

Electrostatic charging can lead to dust adhering to surfaces, failure of delicate devices, difficulty handling small samples, and electric shocks. Thus, utilising anti-static control devices to avoid static charging aids in overcoming the challenges listed above. Piezoelectric crystals and a compression mechanism are used in anti-static control devices to assist provide a continuous stream of ions. The anti-static control products produces both negatively and positively charged ions to neutralize the existing static electric charge. The antistatic control products should be replaced if they stop generating anti-static charges.

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Anti-Static Control Products Market: Drivers and Restraints

Anti-static control products helps to reduce the damage costs by safe guarding the electronic components, which is a significant factor boosting the growth of the market

New product innovations such as introduction of new anti-static bag in the packaging industry has contributed significantly towards the growth of the anti-static control products market. These bags are made of Polyethylene Terephthalate and they have excellent shielding properties, which makes them a best option for packaging of sensitive components and products. In addition, the demand for anti-static control products is increased for electronics, digital signage and gaming as it helps to reduce the static charge between the material surfaces. Thus this factor is also fueling the growth of the anti-static control products market.

Increasing demand of anti-static control products in consumer electronics segment is driving the growth of the market

Electrostatic discharge can cause latent or catastrophic damage to the electric components, resulting in great loss and total damage of the product. Thus anti-static control products are very crucial for integrity and safety of electronic components. Hence, anti-static control products are an integral part of the ESD control program, which is also propelling the growth of the market. Some anti-static control products such as antistatic solutions and wipes are very easy to use, which can be sprayed on any surface to reduce static charging. The anti-static effect of such products last from weeks to months. Moreover, it keeps areas dust free and prevents static before it builds up, which is also one of the major factor driving the growth of the anti-static product controls market.

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Anti-static control products Market: Competition Landscape

Some of the key players in Anti-static control products market are EIS Inc., Ted Pella, Inc., RS Components and others. These players are competing with each other to gain the majority of actual certainties and share of the anti-static control products market. Anti-static control products market is combination of both new as well as established players.

Anti-static control products Market: Regional overview

Increasing electrical and electronics activities in the Asia Pacific region is boosting the anti-static control products market in the region, which is encouraging several market players to boost their manufacturing capacity. Moreover, several market players are located in North America due to the growing electronics sector and digital electronics. Thus the demand for anti-static control products is increasing which is fueling the growth of the market in this region.

The anti-static control products market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and 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 segment. The market report also maps the qualitative impact of various market factors on market segments and geographies.

The report covers exhaustive analysis on:

Anti-static control products Market Segments
Anti-static control products Market Dynamics
Anti-static control products Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Technology
Value Chain of the Market
Market Drivers and Restraints

Regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico, Brazil, Rest of LATAM)
Western Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Rest of Western Europe)
Eastern Europe (Russia, Poland, Rest of Eastern Europe)
Japan
Asia Pacific Excluding Japan (China, India, South Korea, ASEAN, Australia & New Zealand, Rest of APEJ)
Middle East and Africa (GCC Countries, Turkey, Northern Africa, South Africa, Rest of MEA)

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Anti-Static Control Products Market: Segmentation

The Anti-static control products market has been segmented on the basis of product type, end users and region.

The market is segmented on the basis of product type:

Anti-Static Bags
Anti-Static Surfaces
Others

The market is segmented on the basis of end users:

Automotive
Electronics
Others

Report Highlights:

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

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Rich Communication Services Messaging Market Overview & Competitive Landscape till 2032

The Rich Communication Services (RCS) Messaging Market revenues were estimated at US$ 1.4 Bn in 2021 and is anticipated to grow at a CAGR of 16% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 8.5 Bn.

Large corporations typically have the resources to operate multiple businesses, including distinct advertising and marketing divisions. Large corporations can easily incorporate emerging technologies into their marketing and advertising strategies as resources and funds are readily available to them.

Rich communication services also aid large enterprise IT and telecommunications teams in their transition to rich content messaging communication methods. Traditional messaging methods in large enterprises or on-campus are incapable of meeting changing messaging and communication needs. As a result, the use of rich communication services in large enterprises is growing at a fast pace, providing a dynamic and flexible approach.

For instance, Pizza Hut Delivery collaborated with IMImobile Limited to test Rich Communication Services (RCS) Business messaging to share promotional offers with customers, motivated by the pervasiveness of smartphones and a desire to remain at the forefront of technological innovation.

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RCS was used to send brand promotion messages to Pizza Hut Delivery customers, which included a company logo and a verification icon with a ‘blue tick.’ Customers who were interested in the deals could then order them through the website. Customers could find contact information for their local Pizza Hut location, as well as T&Cs and opt-out options, by clicking on the Pizza Hut logo.

Key Takeaways from the Market Study

Global Rich Communication Services (RCS) Messaging Market is estimated to reach a market size of US$ 1.9 Bn by 2022.
The A2P segment, is expected to account for the highest CAGR rate of 16.1% during the forecast period.
United States is expected to remain the most dominant market with an absolute dollar growth opportunity of US$ 2.3 Bn during 2022 – 2032.
The market in US is set to experience the highest CAGR of 15.7% during the forecast period.

“During the projected period, a growing population, surge in smartphone connections, increasing mobile payment users, spurt in retail industry revenues, and use of advanced SMS systems for marketing and customer relationship management can be the key drivers in raising the Rich Communication Services (RCS) Messaging market revenue.” comments a Future Market Insights analyst.

Competitive Landscape

The market is fiercely competitive, where key players are increasingly focused to obtain a competitive advantage. The key companies in the Rich Communication Services (RCS) Messaging Market are focused on R&D to produce innovative technological solutions.

In July 2021, Verizon and Google announced a partnership that will bring advanced messaging services to Android users in the U.S. via the Messages by Google app. The RCS-based service, which can be accessed directly through Google Messages, provides a more interactive and modern messaging experience.
In December 2021, BICS Singapore, a wholly-owned subsidiary of the BICS Group, has agreed to purchase 3m Digital Networks Pvt Ltd, a Communications Platform as a Service (CPaaS) specialist, for an undisclosed sum. BICS’ portfolio will be expanded as a result of the acquisition to include AI-enabled voice, multi-channel messaging such as WhatsApp, verification services such as IP messaging and RCS, and advanced analytics services.
In September 2021, Edgecore Networks and Ecrio, the leading provider of mobile carrier communications and messaging client software, announced the addition of Carrier Voice and Rich Communication Services (RCS) capability to the Edgecore family of Open WIFI-ready Access Points.

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Rich Communication Services (RCS) Messaging Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Rich Communication Services (RCS) Messaging Market Communication Type (A2P, P2A, P2P), By Vertical (Retail, Media & Entertainment, BFSI, Healthcare, Travel & Tourism, Others), across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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Market Segments Covered in Rich Communication Services (RCS) Messaging Market Analysis

By Communication Type:

By Vertical:

Retail
Media & Entertainment
BFSI
Healthcare
Travel & Tourism
Others

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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Purpose-built Backup Appliance Market Growth Factors, Opportunities, Ongoing Trends & Key Players 2022 to 2032

The Purpose-built Backup Appliance (PBBA) Market revenues was estimated at US$ 9.3 Bn in 2021 and is anticipated to grow at a CAGR of 10.8% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 29.4 Bn.

The market in China is projected to reach a valuation of US$ 2.4 Bn by 2032, growing at a CAGR of over 17% during 2022 – 2032. Owing to the reasons such as the rise of SMEs and developing economies, China stands as a potential market for purpose-built backup appliances.

The growth of China’s economic infrastructure will have a direct influence on the market. Also, the existence of large corporations, a strong supply side, vigorous industrial development demand, and financial capabilities is likely to make a significant contribution in the PBBA market revenue. In March 2022, China announced a series of policy documents authorizing the establishment of several new data centre clusters around the country.

These data centre clusters are planned as part of the “Eastern Data, Western Computing” program, which was first suggested in 2020. The plan calls for the creation of a national data centre and computer infrastructure, with data eventually moving from China’s highly populated east to the more rural and resource-rich west.

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The plan is a proactive government effort aimed at increasing computer power and data storage capacity in anticipation of increased digitization and technical innovation, as well as resolving a computing supply and demand mismatch.

Key Takeaways from the Market Study

Global Purpose-built Backup Appliance (PBBA) Market is expected to reach a market size of US$ 10.6 Bn by 2022.
The Software segment, is expected to have the highest CAGR rate of 11.4% during the forecast period.
United States is expected to remain the most dominant market with an absolute dollar growth opportunity of US$ 4 Bn during 2022 – 2032.
The market in China is set to experience the highest CAGR of 17.2% during the 2022-2032 forecast period.

“During the projected period, the rise in the demand for data protection and data security as well as the increased prospects in cloud computing software are some of the key drivers in raising the Purpose-built Backup Appliance market revenue.” comments a Future Market Insights analyst.

Competitive Landscape

The market is fiercely competitive, where key players are increasingly focused to obtain a competitive advantage. The key companies in the Purpose-built Backup Appliance Market are focused on R&D to produce innovative technological solutions.

In March 2022, Microsoft Corporation announced that its customers will enjoy unlimited access to a new Azure region in North China, adding the fifth Azure region to the China market and doubling the capacity of Microsoft’s intelligent cloud portfolio in China. The new Azure region will strengthen Microsoft’s capabilities to allow and empower innovation, development, and the discovery of possibilities across the company, ecosystem, and a sustainable future.
In December 2021, Dell introduced DD6400, which is a contemporary backup device designed for commercial clients, small businesses, and big organizations with remote installations. They stated that the DD6400 would support the Dell EMC PowerProtect Cyber Recovery solution, putting cyber security at the forefront of the IT ecosystem. The DD6400 has a hardware-assisted compression card that boosts logical capacity per TB by 30%, yielding a 65x data deduplication ratio.

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Purpose-built Backup Appliance (PBBA) Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in the Purpose-built Backup Appliance (PBBA) Market by Deployment (Cloud, On-Premise), By Component (Software, Professional Services), By System (Integrated, Target, Open, Mainframe), By Enterprise Size (Small & Medium Enterprises, Large Enterprises), By Industry Vertical (BFSI, Telecom and IT, Government, Healthcare, Education, Manufacturing, Travel and Hospitality, Energy and Utility, Others) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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Market Segments Covered in Purpose-built Backup Appliance Market Analysis

By Deployment:

Cloud purpose-built backup appliances
On-Premise purpose-built backup appliances

By Component:

Purpose Built Backup Appliance Hardware
Purpose Built Backup Appliance Software
Purpose Built Backup Appliance Services
- Support and Maintenance

By System:

Integrated Backup Appliance
Target Systems Backup Appliance
Open System Backup Appliance
Mainframe Purpose Built Backup System

By Enterprise Size:

Small & Medium Enterprises (SMEs)
Large Enterprises

By Industry Vertical:

BFSI (Banking, Financial, Services and Insurance)
Telecom and IT
Government
Healthcare
Education
Manufacturing
Travel and Hospitality
Energy and Utility
Others

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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Physical Security Information Management Market Future Plans & Growth with Quantitative And Qualitative Analysis from 2022 to 2032

According to a recently published Future Market Insights report, the Physical Security Information Management Market is expected to grow at a CAGR of 16.7% from 2022-2032. The market is expected to be worth $12.6 billion by the end of 2032.

Rising digitization and stringent regulatory standards such as the Health, Safety, and Environment standards are driving the adoption of PSIM in the energy and utility industries to meet regulatory requirements. One of the primary end goals in all of these businesses has always been to reduce costs and risks while maintaining end-product quality and timeliness. The installation of new energy-generating facilities is expected to fuel the growth of this sector.

ARES Security Corporation is revolutionising nuclear power plant security and operations by deploying robotic technology to assist or replace personnel in physical security, technical, and service activities at current and future Advanced and Small Nuclear Reactors (A/SNR).

ARES announced that the Department of Energy has awarded it US$ 200 Thousand for Small Business Innovation Research Phase 1 Grant. This project will concentrate on the physical security challenges associated with A/SNR size, design, physical layout, operations, and the possibility of being located in remote places with fewer staff than massive nuclear power plants or other large-scale energy sources.

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Energy plants are huge and distantly located, making monitoring challenging. People can get around perimeter protection and even barge their way past access restricted doors. This is where remote monitoring technologies, like video surveillance help businesses.

CCTV cameras make it considerably easier for operations or security personnel to see who enters and departs the facility. Guards that work long in shifts may grow fatigued, lose attention, and become sidetracked by false alarms. When security cameras are augmented with advanced video analytics, security becomes considerably easier.

Key Takeaways from the Market Study

Global Physical Security Information Management Market is expected to reach a market size of US$ 2.7 Bn by 2022.
The Software segment, is expected to have the highest CAGR rate of 17.4% during the forecast period.
United States is expected to remain the most dominant market with an absolute dollar growth opportunity of US$ 1.3 Bn during 2022 – 2032.
The market in South Korea is set to experience the highest CAGR of 19.2% during the 2022-2032 forecast period.

“During the projected period, the rise of digitization, smart city development, and government initiatives in defense and energy & utility sector are expected to drive the Physical Security Information Management market revenue.” comments a Future Market Insights analyst.

Competitive Landscape

The market is fiercely competitive, where key players are increasingly focused to obtain a competitive advantage. The key companies in the Physical Security Information Management Market are focused on R&D and collaborations to produce innovative technological solutions.

In April 2022, SureView Systems, a provider of open response systems for security operations, and Calipsa, a market leader in deep-learning driven video analytics for false alarm reduction, announced a merger of their cloud-based flagship products. Calipsa’s software increases security control centres’ ability to process and respond to video alarm events when combined with SureView’s next-generation PSIM technology.
In January 2022, With the support of EURAZEO, Prysm Software, a key developer of PSIM software solutions and security systems, joined the VITAPROTECH group, the French market leader in premium security solutions for sensitive sites. The VITAPROTECH firm boosts its expansion in security software solutions and strengthens its monitoring business by acquiring Prysm Software. The open-standards-based solutions give significant flexibility and ease of deployment, assuring end client independence and unifying heterogeneous settings. The firm has more than 150 partners globally who have been educated on its PSIM platform AppVision.

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Future Market Insights, in its new offering, presents an unbiased analysis of the Physical Security Information Management Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Physical Security Information Management Market by Component (Software, Service), By End-Use (Residential, Retail, BFSI, Telecom & IT, Transportation & Logistics, Government & Defense Sector, Hospitality, Industrial Manufacturing, Energy & Utility, Health Care, Others) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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Market Segments Covered in Physical Security Information Management (PSIM) Market Analysis

By Component:

Software
- Off-the Shelf
  - On-premise
  - Cloud-based
- Customized
  - On-premise Physical Security Information Management
  - Cloud-based Physical Security Information Management
- Service
  - Installation/ System Integration
  - Operation & Maintenance
  - Consulting & Training

By End-Use:

Residential
Retail
BFSI
Telecom & IT
Transportation & Logistics
Government & Defence Sector
Hospitality
Industrial Manufacturing
Energy & Utility
Health Care
Others

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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Human Identification Market | Promega Corporation, New England Biolabs Inc., LGC Limited, Roche Holding AG | By 2029

The market for human identification is expected to grow at a CAGR of 8.8% during the forecast period and reach US$ 1.95 billion in value by the end of 2029.

The global market for human identification has been projected to register a CAGR of 6% throughout the forecast period 2017 to 2022, according to Future Market Insights’ (FMI) recently published report. The global human identification market is estimated to account for more than US$ 1,000 Mn revenues by 2022-end.

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Use of Skin Microbiome for Human Identification – A Major Trend

One of the major trends observed in the global human identification market is use of skin microbiome. Although this process is excessively time consuming, extending to approximately 3 years, it is anticipated to offer a preliminary market panel, creating opportunity for future development of a reproducible & robust technique for human identification. New product developments, and increasing M&A activities are other key trends being witnessed in the market. A key challenge for market players is price erosion in genomics services as well as instruments. Several molecular detection procedures for human identification are yet in their validation stage. However, few of them are available in the market, and are being implemented in several laboratories worldwide.

The global human identification market has been experiencing a continuous launch of new & advanced products over the recent past. In addition, rapid DNA analysis has gained immense traction in improving the process of human identification. Leading companies in the human identification market are shifting their focus towards minimisation of cost & time required for DNA analysis. Several governments around the world are offering funds for R&D activities related to human identification technologies.

Forensic Investigation to Remain Dominant Modality of Human Identification

On the basis of modality, forensic investigation will retain its dominance in the global human identification market, with revenues estimated to surpass US$ 450 Mn by 2022-end. Paternity testing will also remain a lucrative modality of human identification, and will account for nearly one-fourth share of the market throughout the forecast period. In contrast, anthropology is expected to be the least lucrative modality of human identification.

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Based on end-users, research institutes will witness the fastest expansion in the global human identification market through 2022. Contract research organisations, on the other hand, will witness a relatively slower expansion than other end-users in the market through 2022. In addition, forensic laboratories and hospitals are projected to account for the largest revenue shares of the market during the forecast period.

Increased Government Spending on Forensic Science to Drive the Market Growth in North America

Currently, North America dominates the global market for human identification, and the trend is anticipated to continue over the forecast period. Growth of the market in North America can be highly attributed to increased government spending on forensic science, coupled with robust expansion of DNA database in the U.S. North America will witness the fastest expansion in the global human identification market through 2022. Asia-Pacific excluding Japan (APEJ) will also register a significant CAGR in the market. This is mainly because of various government initiatives for increasing awareness about forensic technologies and their implementation in DNA analysis. China and India are expected to be the fastest growing markets for human identification in APEJ.

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By technique, dominance of polymerase chain reaction in the global human identification market is expected to remain unchallenged over the forecast period, followed by capillary electrophoresis. Next generation sequencing technique will register an impressive expansion through 2022, as it has the potential of being the ultimate platform of genotyping for human identification. In addition, rapid DNA analysis will continue to register the highest CAGR in the market through 2022.

Company Profiles

Key players identified by FMI’s report on the global human identification market include Promega Corporation, New England Biolabs Inc., LGC Limited, Roche Holding AG, IntegenX Inc., Flinn Scientific, Inc., QIAGEN N.V., Bio-Rad Laboratories Inc., Merck & Co. Inc., General Electric Company, and Thermo Fischer Scientific, Inc.

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Industrial And Institutional Hand Hygiene Chemicals Market is projected to rise at a CAGR of 5.1% from 2022 to 2032

In 2022, it is predicted that the industrial and institutional hand hygiene chemicals market will be worth US$1,462.8 Mn. Since a few years ago, there has been a noticeable increase in the demand for hand hygiene chemicals, which are now used in a variety of end-use industries, including the workplace, healthcare, industrial sectors, etc.

The market for chemicals used in industrial and institutional hand washing is anticipated to grow at a CAGR of 5.1% from 2022 to 2032, reaching US$ 2,546.4 Mn in 2032, according to FMI.

Hand hygiene chemicals are the primary defense against infections and cross contamination risks. The pharmaceutical & healthcare industry, both acute and non-acute, is the largest vertical for hand hygiene chemical products, followed by the food & beverage processing and foodservice industry

The market for hand sanitizers has experienced particularly strong growth since last few years, becoming commonplace in many healthcare and food processing facilities as well as in general office work spaces. Alcohol-based hand sanitizers will continue to hold the majority market share, even though non-alcohol-based sanitizers offer several key benefits.

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One important hindrance which can affect the growth of this market is increased usage of gloves in work environments such as industries and hospitals.

Consumers who are less aware of the usefulness of these products and underexposed to changing lifestyle tend to think twice before buying it due to their afterthought of chemical substances being more harmful. Factors such as these can hamper market growth over the forecast period.

Industrial and Institutional Hand Hygiene Chemicals: Regional Outlook

The Global Industrial and Institutional hand hygiene chemicals market can be divided into seven geographical locations such as North America, Latin America, Western and Eastern Europe, Asia-Pacific region, Japan, Middle East and Africa.

The North American market share is forecasted to have the highest share as consumers in this region have higher awareness regarding personal hygiene and also the growing number of blue collar workers in this region is expected to have a positive impact on the growth of market in this region.

The market share in the European region is also high due to growing number of industries and hospitals built. The Asian market is forecasted to be on the lower side but tends to improve at a much faster growth rate due to rapid spread of health awareness and safety.

Industrial and Institutional Hand Hygiene Chemicals Market: Key Players

Some of the major players which provide the Industrial and Institutional Hand Hygiene Chemicals are

Kutol Products Company, Inc.
Reinol-Janek Chemicals (Pty) Ltd.
Woodbine Products Company
State Chemical Solutions
Chemiphase Ltd.
Sure Chemicals Ltd.
Reckitt Benckiser Group plc
Azett-Seifenfabrik GmbH & Co.
Stanrose Envirotech India Pvt. Ltd.
Altret Industries Pvt. Ltd.
Deb Group
Steris plc
EcoHydra Technologies Ltd.

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Industrial and Institutional Hand Hygiene Chemicals: Segmentation

On the basis of state of the product, Industrial and Institutional Hand Hygiene Chemicals Market can be segmented as:

Solid state products
Liquid state products
Paper based products (Liquid imbibed in solid)
Gel based products

On the basis of product type, Industrial and Institutional Hand Hygiene Chemicals can be segmented as:

Soaps
Regular Soaps
Antibacterial Soaps
Industrial Heavy-duty Soaps
Sanitizers
Alcohol-based
Non-alcohol-based
Others
Protectors (Barrier Creams, etc.)
Restorers (Moisturizers, etc.)

On the basis of purpose of the product, Industrial and Institutional Hand Hygiene Chemicals can be segmented as:

Antiseptic
Antimicrobial

On the basis of End-use Verticals, the global industrial and institutional hand hygiene chemicals market can be segmented into:

Food & Beverage Processing & Foodservice
Pharmaceutical & Healthcare
Retail
Manufacturing Units and Industrial Services
Educational Institutions
Office Work Spaces
Others (Agriculture, Forestry, etc.)

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Butyl Elastomers Market to grow at a rate of 6% by 2032 | Get Customized Reports

According to estimates, the butyl elastomers market will be worth US$ 4.22 billion in 2022 and will increase at a CAGR of 6% to US$ 7.46 billion by 2032.

Butyl elastomer, commonly known as butyl rubber, is basically a synthetic rubber produced by co-polymerization of isobutylene with isoprene. Butyl rubber possesses several superior physical and chemical characteristics which makes it extremely useful across various industries.

Market players, in order to serve new areas of applications for butyl elastomers products, are highly focused in increasing their product offerings by altering physical and chemical properties of regular butyl rubber products. Over the last couple of decades, after the introduction of tubeless tyres in the market, butyl rubber products has witnessed a sharp increase in their demand.

Butyl rubber is highly impermeable to air, gases, and moisture, thus, becoming very useful for applications requiring an airtight atmosphere. Butyl rubber is highly resistant to heat, aging, weathering, chemical attack, abrasion and tearing and also possess good shock absorption and electrical insulation characteristics.

Due to such physiochemical properties, butyl rubber finds its utilization in the manufacturing of automotive tyres (inner liners), tubes & other ancillaries, sports goods, vibration mounts, electrical fluids, ball bladders, adhesives and sealants etc.

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Butyl Elastomers Industry: Market Dynamics

Increasing utilization of butyl rubbers for end-use applications such as tyre & tubes, various mechanical automotive components e.g. vibration control products, hoses and gaskets, in manufacturing of adhesives and sealants and other construction products etc.

is driving their demand in the market. Besides, adaption of butyl rubbers for newer applications, due to introduction of novel technical grades of butyl rubbers by manufacturers, is also driving their demand globally.

Besides, factors such as high raw material costs, fierce competition and cyclic nature of major end-use industries such as automotive and construction etc. is expected to pose significant challenges in the overall butyl elastomers market between 2016 and 2026.

Besides, halogenated grade butyl rubber, unlike the normal butyl rubber grades, can be used in blend with natural rubber or synthetic rubbers such as nitrile rubber (NBR), styrene-butadiene rubber (SBR), polychloroprene rubber (CR), ethylene-propylene rubber (EPDM), or butadiene rubber (BR). Companies are increasing investing in research and development to produce more technical grades to serve newer applications for butyl rubbers.

Butyl Elastomers Market Segmentation

Global butyl elastomers market is segmented on the basis of type and application. On the basis of type, butyl elastomers market is segmented into regular butyl rubber and halogenated butyl rubber.

The halogenated butyl rubber segment is further sub-segmented into chloro butyl and bromo butyl rubbers.

On the basis of application, butyl elastomers market is segmented into tyres and tubes, automotive mechanical component, adhesives & sealants, pharmaceutical & healthcare, consumer products and others (industrial etc.). The tyre and tubes segment is anticipated to hold the largest market share in the global butyl elastomers market by end of the forecast period (2016-2026).

Butyl Elastomers Market: Regional Outlook

On the basis of region, global butyl elastomers market is segmented into seven key regions namely North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Middle East and Africa and Japan. The report covers market demand for butyl elastomers in each region between years 2016-2026.

Butyl Elastomers Market: Key Players

The key players reported in this study of butyl elastomers market include Exxon Mobil Corporation, China Petroleum & Chemical Corporation, Lanxess AG, Reliance Industries Ltd., PJSC “Nizhnekamskneftekhim”, SIBUR (PJSC SIBUR Holding), etc.

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The report covers exhaust 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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Polyetheramine Market to surpass US$ 3.62 Bn by 2032, Says FMI

During the anticipated period, the polyetheramine market is anticipated to grow at a CAGR of 9%. The market is anticipated to be worth US$ 1.53 billion in 2022 and US$ 3.62 billion by 2032.

Polyetheramines are typically the curing agents which contain polyether and amine moieties, are majorly used to increase toughness, flexibility, hydrophobicity or hydrophilicity of the end-products. Polyetheramines are used for a range of applications including polyurea, epoxy curing and polyamides in a range of coatings.

Polyetheramines are also used in adhesives, ink resins, elastomers and sealants. The considerable growth in coating industry is anticipated to boost the demand for polyetheramine.

Additionally, the substantial growth of elastomers, sealants and adhesives are also expected to increase the demand for polyetheramine during the forecast period. Thus, the wide array of applications and the following end-user industry is expected to drive the market for polyetheramine. The growth in polyetheramine end-user industries in Asia Pacific region is expected to be the largest region in the polyetheramine market.

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Polyetheramines have a moderate glass transition range of 25 to 100O C and are primarily available in colorless liquid form with odor similar to amines. Additionally, polyetheramines have long pot life and find application in hot melt adhesives, engineering composites and sealants. In addition to adhesives, polyetheramines are also used as fuel additives.

Epoxy coatings are also used in composite materials such as fiber glass and carbon fibers. The broad range of properties of polyetheramines is expected to drive the polyetheramine market. Considering the rising demand for polyetheramines in several end-user industries, in January 2014, Hunstman Corporation announced to increase the global production of polyetheramines by 15 percent.

Polyetheramine Market: Segmentation

Polyetheramine market is segmented on the basis of application and region. Based on application, the market can be segmented into polyuria, composites, fuel additives, epoxy coating, adhesives and sealants and other application. The epoxy coating application is expected to be the major application segment in the polyetheramine market.

Epoxy coatings being exceedingly durable coatings can be used for variety of purposes including adhesives, durable coatings for metals and floors. By region, the polyetheramine market can be segmented into North America, Latin America, Asia Pacific, Western Europe, Eastern Europe, Middle East and Africa and Japan.

Polyetheramine Market: Regional Outlook

Asia Pacific region is expected to be the fastest growing market for polyetheramine during the forecast period. The major reason for the growing demand for polyetheramine is the considerable growth in end-user applications and the respective industries consuming polyetheramines.

The developing Asian countries such as India, China, Malaysia, Indonesia and Thailand are expected to have sizeable growth owing to demand for adhesives, sealants and other major applications of polyetheramines.

Growing consumption of polyetheramines from epoxy coatings and from several composite materials is likely to increase the requirement of polyetheramine across the globe. The other applications of polyetheramines primarily include cement additives, acid neutralization, demulsification in oilfield and other niche applications are expected to drive the demand for polyetheramine.

The developed countries such as U.S. and U.K. are progressively recovering from the sluggish economic conditions and boosting the demand for polyetheramines. Considering the global outlook, the demand for polyetheramine application products is expected to record an outstanding growth during the forecast period.

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Polyetheramine Market: Key Players

Some of the key players operating in polyetheramine market are Yantai Dasteck Chemicals Co., Ltd., BASF SE, Huntsman Corporation, Clariant, Yantai Minsheng Chemicals Co., Ltd., Yangzhou Chenhua New Materials Co., Ltd, Wuxi Acryl Technology Co., Ltd. and Qingdao IRO Surfactant Co., Ltd.

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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