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Magnesium Carbonate Minerals Market Is Expected to reach US$ 1.02 Bn by 2030

Magnesium carbonate minerals are witnessing an upsurge in demand, owing to their application in multiple end-use sectors such as pharmaceuticals & personal care and construction. Magnesium carbonate minerals are used to produce raw materials that serve as refractory materials for steel, metallurgy, and ceramic industries. End users such as the chemical industry also use magnesium carbonate minerals to produce raw materials for plastic, polymers, paints, and fertilizers.

Magnesite, in meagre amounts, is also used as a gem and lapidary material. Moreover, there is an expected revamp in pharmaceutical and personal care industries, owing to the current Covid-19 pandemic, which, in turn, is anticipated to drive the magnesium carbonate minerals market in the near term. Refractory bricks & kilns and building & flooring materials are also paving way for robust sales.

The global magnesium carbonate minerals market is expected to surpass US$ 689.0 Mn in 2022, and is projected to expand at a CAGR of 5.1% over the forecast period (2022-2030).

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Key Takeaways from Global Magnesium Carbonate Minerals Market Study

Surging demand from pharmaceutical and personal care industries is expected to drive the market, owing to its application in the production of OTC drugs.
East Asia is expected to be prominent in terms of production, and North America and Europe will lead in terms of consumption over the decade ahead. Countries such as Belgium, the U.S., the Netherlands, Spain, Germany, France, and Italy are prime consumers of magnesium carbonate minerals.
Unique fire retardant properties of hydromagnesite are enabling its broader adoption as a flame retardant or fire retardant additive for polymers.
Flourishing chemical industries across the world are offering a conducive ground for magnesium carbonate minerals market players. Increasing demand from pulp & paper and paints & coatings industries are also offering white spaces.
Extensive use of magnesium carbonate in the production of magnesium oxide, which is used in the steel and cement industries as a refractory material, will augment market growth. Rapid growth in these industries is estimated to boost the demand for magnesium oxide.

“Countries all over the world are likely to enhance their medical, pharmaceutical, and personal care sectors as a consequence of the ongoing COVID-19 pandemic, which is expected to bring about multiple changes in these sectors. Magnesium carbonate minerals play an important role – directly and indirectly – in the pharmaceutical sector. Thus, over the coming years, the market is expected to witness demand growth.”

Magnesium Carbonate Minerals Market: Competitive Landscape

Players such as Konoshima Chemical Co., Ltd., Naikai Salt Industries Co., Ltd., Hebei Meishen Technology Co., Ltd, and Kyowa Chemical Industry Co. Ltd. have been strategically expanding their market presence through expansions and acquisitions in the recent past. These players are increasing their market presence gradually, rather than deploying aggressive growth strategies. R&D, coupled with expansion of production capacity, remains the key strategy followed by magnesium carbonate mineral manufacturers to enhance productivity and capture potential market opportunities.

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East Asia to Offer Opportunities of Growth and Profitability

East Asia is anticipated to hold a prominent share in the global magnesium carbonate minerals market, owing to the increasing demand from pharmaceutical and personal care industries, along with refractories. Manufacturers in East Asia are facing stiff competition, given the higher concentration of players in the region. Moreover, magnesium carbonate minerals have multiple end uses, hence, the market is likely to flourish in the years ahead. Easy availability of raw materials and cheap labour is poised to propel the magnesium carbonate minerals market in East Asia.

On the flip side, chemical and automotive industries in East Asia are under extreme pressure due to the coronavirus (COVID-19) pandemic. Uncertainty in the global economic order and capital markets is shrinking the profit pools of industrial executives. Chemical and automotive industries in East Asia are undergoing manufacturing standstills in order to avoid workers getting affected by the coronavirus, as well as address the demand drop from businesses and consumers during nationwide lockdowns. These factors are affecting the growth of the magnesium carbonate minerals market.

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The report on the magnesium carbonate minerals market published by Future Market Insights brings to the fore a pin-point analysis of the market, and offers comprehensive information with historical demand data of 2015-2021 and forecast statistics for 2022-2030. The study offers insightful information on the global magnesium carbonate minerals market based on various categories – mineral form and end use, across seven regions. This study highlights key market players who are well-known market vendors, and have proven themselves as key shareholders in the global magnesium carbonate minerals market. Some of the market players included in the report are Nouryon Holding BV, Evonik Industries AG, Cabot Corporation, W. R. Grace & Co., and Ecolab Inc., among others.

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Calcium Carbonate Market: Demand for calcium carbonate is expected to witness a Y-o-Y growth of 5.1% and reach US$ 24.4 Bn by 2022. The growth trend is likely to continue and reach US$ 41.3 Bn by the end of the forecast period, reflecting a CAGR of 5.4% (2022 – 2032).

Carbonate Minerals Market: According to Future Market Insights (FMI), the global carbonate minerals market registered a year-on-year (YoY) growth of 5.6% in 2021. Demand in the carbonate minerals market is projected to grow at a CAGR of 6.0% between 2022 and 2029.

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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Colloidal Silica Market Size to be worth US$ 342.3 Mn by 2030

Colloidal silica is finding immense use in the electronics & semiconductor industry, wherein, it plays a critical role in the production of ultra-flat, uniform, and low detection surfaces for semiconductors. Moreover, colloidal silica is used as a rough surface remover and as a polishing additive. It is extensively used for electropolishing to remove microscopic layers of metal particles from surfaces. In addition, the growing electronics & semiconductor industry in South and East Asia is expected to drive the colloidal silica market over the decade ahead. Paints & coatings and paper & pulp industries are also expected to pave the way for market growth in the coming years.

Sales in the global colloidal silica market are slated to top US$ 252.0 Mn in 2022. With a favourable demand outlook, the market is projected to expand at a steady 3.9% CAGR, reaching US$ 342.3 Mn by 2030.

A significant portion of the revenue of the colloidal silica market is realized from the electronics & semiconductors industry. However, this industry is likely to witness a decline in the near term due to the coronavirus (COVID-19) pandemic that is spreading across the world. The onset of the pandemic has resulted in travel bans and isolations, uncertainties in the stock market, and massive disruption of the supply chain. As such, the pandemic would adversely impact the global electronics & semiconductor industry, and, in turn, hamper the growth of the global colloidal silica market.

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“Colloidal silica is gaining prominence as a chemical excipient in the pharmaceutical sector for synthesizing tablets such as paracetamol and animal medicines. Players in the colloidal silica market targeting pharmaceutical applications will be better placed for outsized returns.”

Key Takeaways from Global Colloidal Silica Market Study

Acidic colloidal silica would remain sought-after, owing to its increasing application in electronics and semiconductors.
In terms of consumption, Europe and North America are prominent regions; countries such as Belgium, the US, the Netherlands, Spain, Germany, France, and Italy are prime consumers of colloidal silica.
The electronics & semiconductor industry would be the key revenue generator in the colloidal silica market, while the paints & coatings industry is offering growth avenues.
Top-line growth of the global chemical industry is expected to augur well for the colloidal silica market.
Colloidal silica is extensively used for investment casting as a slurry on base coatings such as zircon flour, and zircon sand, thus, offering further impetus to market growth over the coming years.

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Competitive Landscape

Players such as Nouryon Holding BV, Evonik Industries AG, Cabot Corporation, W. R. Grace & Co., Ecolab Inc., Merck Global, and The Dow Chemical Company have invested strategically in the colloidal silica market in the recent past, suggesting that, major manufactures are keeping tabs on the market, as it holds a lot of potential in the coming years. In addition, manufacturers such as Nouryon Holding BV and Evonik Industries AG are strategically increasing their market footprint by expanding their customer base in other regions. R&D, coupled with expansion of production capacity and footprint, remains the differentiating strategy followed by colloidal silica manufacturers to enhance productivity and capture new market opportunities.

East Asia to Offer Lucrative Growth Opportunities

East Asia is anticipated to hold a prominent share in the global colloidal silica market, owing to flourishing electronics and semiconductor industries in the region. Manufacturers are focusing on developing products as per end-use applications. Colloidal silica is also significantly used in the production of water-based coatings. Manufactures are thus tapping this opportunity, given increasing preference to water-based solvents in the paints & coatings industry.

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The report on the colloidal silica market, published by Future Market Insights, brings to the fore a pin-point analysis of the market, and offers comprehensive information with historical demand data of 2015-2021 and forecast statistics for 2022-2030. The study offers insightful information on the global colloidal silica market based on various categories – product type and application, across seven regions. This study highlights key players who are well-known market vendors, and have proven themselves as key shareholders in the global colloidal silica market.

Have a Look at Related Research Reports of Chemicals & Materials

Precipitated Silica Market: Ascending demand from rubber, agrochemicals, and oral care will drive the global precipitated silica (SiO2) market to grow at an astounding growth rate of more than 9% between 2019 and 2029.

Specialty Silica Market: The global specialty silica market is anticipated to expand at a CAGR of ~4.8% by during the forecast period of 2021-2031. Specialty silica can be classified into various types such as precipitated, fumed, fused, silica gel and colloidal types.

Pyrogenic Silica Market: The global pyrogenic silica market garnered a market value of US$ 379 Million in 2022 and is expected to accumulate a market value of US$ 623.3 Million by registering a CAGR of 5.1% in the forecast period 2022-2032.

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Oxalic Acid Market to receive overwhelming hike US$ 1.1 billion in Revenues by 2028

Oxalic acid serves almost all major end-use industries, including water treatment chemicals, petrochemicals, pharmaceuticals, and others. According to a recent Future Market Insights (FMI) study, the global oxalic acid market is expected to reach the valuation of US$ 1,191.0 Mn by 2028.

The industrial sector in Asia Pacific is growing at a substantial rate, thereby increasing the demand for oxalic acid in the region. Moreover, increasing concerns related to water treatment are expected to fuel the growth of the global oxalic acid in the foreseeable future.

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The Potential Impact of COVID-19

The novel coronavirus outbreak has been sweeping across regions and the global economic order. In line with this, the oxalic acid market is expected to witness dip in value creation due to price volatility, short-term market uncertainties, and decreasing adoption in majority of key application areas. Travel restrictions imposed by governments worldwide will hamper the market growth, especially business activities that require face-to-face meetings. Furthermore, logistical hurdles will remain a challenge, considering short-term growth projection of the market.

“The global healthcare landscape is changing rapidly, and people are spending more on their health-related needs. Factors such as changing lifestyles, food habits, sleeping habits, etc., are contributing to this change. With people getting more health conscious, the demand for pharmaceuticals is increasing across the globe, in turn, leading to the high consumption of oxalic acid.”

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Key Takeaways of Oxalic Acid Market Study

Increasing concerns regarding the need for sterilization of pharmaceutical equipment is expected to propel the demand for technical/pharma grade oxalic acid over the forecast period. Standard grade holds a prominent share of the oxalic acid market; however, this share is expected to decline over the forecast period.
The market in Asia Pacific is significantly diverse in terms of customer base, innovations, and geopolitical conditions, as well as regulatory scenario. The GDP of this region is expected to witness significant growth in the foreseeable future, and this is expected to propel the growth of the oxalic acid market.
The oxalic acid market in Asia Pacific, including China, India, and Indonesia, is expected to gain traction in the foreseeable future, attributable to growing industrial activities and urbanization in the region.

Market Landscape: Fairly Fragmented

The global oxalic acid market is fairly fragmented, owing to a number of players holding small shares in the market space. The top ten established players account for more than half of the total supply. Manufacturers are focusing on strengthening their partnerships with end users and government entities. Key players such as Mudanjiang Fengda Chemical Co., Ltd., Oxaquim, Merck KGaA, UBE Industries Ltd., Clariant International Limited, Indian Oxalate Limited, Shijiazhuang Taihe Chemical Co., Ltd., Spectrum Chemical Manufacturing Corp., Shandong Fengyuan Chemical Co., Ltd., Penta s.r.o., and others, are also focusing on marking their direct presence in local markets.

What Does the Future Hold?

The global oxalic acid market is expected to grow at a moderate rate over the forecast period, on account of its increasing demand in the petrochemical industry in developing countries. Moreover, increasing awareness about the sterilization of medical equipment, in both, developed and developing countries, is further expected to fuel the growth in the market. Increasing awareness in these countries will help increase the adoption of the product in the foreseeable future.

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Future Market Insights has published a market research report on the oxalic acid market that contains global industry analysis of 2013-2021 and opportunity assessment for 2022–2028. The report provides insightful analysis of the oxalic acid market through four different segments – grade, application, end use, and region. The oxalic acid market report also provides demand trends of different types across industry verticals, a comprehensive list of service providers in the market, various projects around the world, and a detailed overview of the parent market.

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Polyglycolic Acid Market: Polyglycolic acid is the first synthetic absorbable structure introduced. It is biodegradable in nature and a thermoplastic polymer. The key application Polyglycolic acid is found in surgical material owing to its tissue reactivity, high tensile strength, hydraulic stability, and excellent knotting ability.

Acid Proof Lining Market: The global acid proof lining market size is projected to reach a valuation of US$ 11,896.7 Mn in 2032 and exhibit growth at a CAGR of 6.2% in the forecast period from 2022 to 2032. The market is anticipated to reach US$ 6,519.0 Mn by the end of 2022.

Dimethylolpropionic Acid (DMPA) Market: Dimethylolpropionic acid is a crystalline compound that is increasingly gaining traction for its extensive use in the development of aqueous urethane dispersions, which are ideal for high gloss waterborne coating offerings with superior flexibility and free-flow characteristics.

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Lab Automation Sales in Korea are Soaring due to the Increased Demand for Automated Workstations. FMI Anticipates a CAGR of 9.6% Through 2032

In the report by FMI, the global lab automation market is forecast to reach US$ 1.9 billion by 2022, with a CAGR of 9.6%. The market is expected to surpass US$ 4.74 billion by 2032.

At a CAGR of 5.2%, the market for laboratory automation in Korea is expected to grow from $80.06 million in 2022 to US$ 132.91 million in 2032. When it comes to automation, Korea is a country of extreme contrasts.

Korea is indeed the closest thing to a technological utopia. In 2017, the International Federation of Robotics named it the world’s most robotic country. By combining physical and digital aspects of manufacturing, the Korean automation industry has been revolutionized.

In addition, the technological revolution in biomedicine and pharmaceuticals has led to the adoption of modular laboratories, which provide a reliable and economical solution. Moreover, laboratory automation contributes to a growing number of clinical studies, drug discoveries, precise diagnoses, personnel safety, and smaller reagent and sample requirements.

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In Korea, automated workstations are expected to account for a large share of lab automation revenue, with workflow integration applications, particularly in demand. Growing demand for advanced imaging, monitoring, and cell detection systems is driving new solutions to the market as clinical diagnostics become more sophisticated.

“The clinical diagnostics segment may control the lab automation market, accounting for 27.1% of total revenue in 2022. This high proportion can be attributed to technological advancements, an increase in automated systems offered by lab automation market players, and an increase in the prevalence of automated systems due to advantages such as the decreased risk of contamination and the reduction of human error, among others”. – Says an FMI Analyst.

Key Takeaways from the Lab Automation Market

In terms of research and development (R&D), Koreans lead the world.
Korea spends 4.23% of the nation’s GDP on Research and Development.
Demand for automated workstations is growing rapidly in Korea.

Competition Landscape in the Lab Automation Market

Several of the aforementioned players rely heavily on automation equipment and software that can be modified to meet industry-specific requirements as part of their expansion strategy. Moreover, strategic partnerships, collaborations with academics and research institutes, as well as government agencies, and acquisitions of small players are used.

GC Labs, Abbott, Hamilton Company., bioMérieux SA, Siemens, F. Hoffmann-La Roche Ltd, QIAGEN, PerkinElmer Inc., Thermo Fisher Scientific Inc., Danaher, Agilent Technologies, Inc., BioTek Instruments, Inc., Hudson Robotics, Inc., Aurora Biomed Inc., BD, LabWare, Brooks Automation, Inc., and Cerner Corporation are some of the key players in the Korean lab automation market.

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Recent Developments in the Lab Automation Market

WASPLab® (bioMerieux, France), the first microbiology Total Laboratory Automation system in Korea, was introduced in October 2021 by GC Labs, a leading clinical diagnostics company in Korea. A WASPLab® system automates the steps from sample receipt to inoculation, culture, and interpretation, which had previously been performed manually. With the introduction of the first microbiology total laboratory automation system in Korea, the company expects to further improve its competitiveness.

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Veterinary Vaccines Market to Hit US$ 14.1 Bn by 2026 | Future Market Insights

It is anticipated that between 2022 and 2026, the global market for veterinary vaccines would expand at a strong CAGR of 7.2%, exceeding a valuation of almost US$ 14.1 Bn.

Immunization and vaccination are accepted as the most cost-effective and viable method of controlling infectious veterinary diseases. Veterinary vaccines play an important role in the reduction of diseases, in both, livestock and companion animals.

Increasing awareness regarding animal health and growing demand for animal protein food products are key factors expected to augur well for the veterinary vaccines market.

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Veterinary vaccines are witnessing demand upsurge, globally, owing to increasing government-backed initiatives for the prevention of zoonotic diseases.

The global veterinary vaccines market is projected to be valued at US$ 9.1 Bn in 2022, and is expected to witness a CAGR of nearly 7% during the forecast period (2022–2026).

However, the coronavirus (COVID-19) pandemic has exposed the market to several uncertainties. With initial speculations blaming meat products for the transmission, the veterinary vaccines market witnessed a slowdown.

That being said, further investigations have revealed that, meat consumption is not responsible for the COVID-19 contagion. As such, the veterinary vaccines market is gradually coming back on track, backed by increasing demand for animal-based products such as eggs, milk, and meat.

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Key Takeaways of Veterinary Vaccines Market Study

Attenuated live vaccines emerged as the largest segment by product, representing around 24% revenue share in veterinary vaccines market in 2021. Attenuated live vaccines are effective and are widely preferred for the treatment of animal diseases; they are expected to exhibit significant growth over the forecast period.
By disease, the foot & mouth disease accounted for the highest revenue in 2021. High prevalence of foot & mouth disease is anticipated to drive demand for veterinary vaccines, worldwide.
Veterinary clinics hold over 2/5 share of the veterinary vaccines market value, owing to increasing number of veterinary clinics.
Based on species, livestock animals account for a leading revenue share in the veterinary vaccines market, owing to higher demand for livestock vaccines for better quality of meat and processed meat export.
Cumulatively, North America and Western Europe contribute over 58% share in the global veterinary vaccines market, with North America leading the pack in terms of revenue share.

Acquisition a Prominent Strategy Adopted by Veterinary Vaccine Manufacturers

The acquisition strategy helps in complementing the vaccine portfolio that adds significant value to an organization. For instance, in June 2016, Boehringer Ingelheim International GmbH signed an agreement with Sanofi’s animal-health business (Merial).

In July 2018, Zoetis acquired Nexvet Biopharma. This collaboration strengthened the development platform of mAb therapies and added new alternatives to treat osteoarthritis in companion animals.

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Future Market Insights brings a comprehensive research report on forecasted revenue growth at global, regional, and country levels, and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2026.

The global veterinary vaccines market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

The study provides compelling insights on the veterinary vaccines market on the basis of product (attenuated live vaccines, conjugate vaccines, inactivated vaccines, subunit vaccines, toxoid vaccines, DNA vaccines, and recombinant vaccines), disease (anaplasmosis, canine parvovirus, foot & mouth disease, new castle disease, distemper disease, influenza, porcine reproductive & respiratory syndrome (PRRS), and others), distribution channel (veterinary clinics, veterinary hospitals, veterinary research institutes, and retail pharmacies), and species (companion animals, companion animals, and equine), across seven major regions.

Key Segments of Veterinary Vaccines Industry Survey

By Product:

Attenuated Live Vaccines
Conjugate Vaccines
Inactivated Vaccines
Subunit Vaccines
Toxoid Vaccines
DNA Vaccines
Recombinant Vaccines

By Disease:

Anaplasmosis
Canine Parvovirus
Foot & Mouth Disease
New Castle Disease
Distemper Disease
Influenza
Porcine Reproductive & Respiratory Syndrome (PRRS)
Others

By Distribution Channel:

Veterinary Clinics
Veterinary Hospitals
Veterinary Research Institutes
Retail Pharmacies

By Species:

Companion Animals
- Canine
- Avian
- Feline
Livestock Animals
- Aquatic
- Bovine
- Porcine
- Ovine/Caprine
- Poultry
Equine

By Region:

North America Veterinary Vaccines Market
Latin America Veterinary Vaccines Market
Europe Veterinary Vaccines Market
East Asia Veterinary Vaccines Market
South Asia & Pacific Veterinary Vaccines Market
Middle East & Africa (MEA) Veterinary Vaccines Market

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Tattoo Removal Patch Market – Major Revenue Gain is Predicted by 2029

Tattoo Removal Patch is a perfluorodecalin- infused patch, which is used in the efficient removal of tattoos. The tattoo removal patch is used along with tattoo removal laser technology. The tattoo removal patch is a gel based patch, which is made up of dual layer silicon.

The tattoo removal patch is a very advantageous technology, as it allows the physician to remove or treat tattoos more efficiently through rapid multiple laser, passing in a single session. The tattoo removal patch uses a specific wavelength for the removal of tattoo.

Tattoo removal patch is not advised to the patients, having any kind of dermatological conditions.

DESCRIBE PFD is the only tattoo removal patch available, manufactured by Astanza Laser LLC. PFD tattoo removal patch decreases the thermal exposure to the tattooed skin. PFD tattoo removal patch got a new clearance in 2017, and can be sued with different wavelengths. Various studies have shown that PFD patch with picosecond laser and Q- switched, can be used safely and are effective in dark.

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Tattoo Removal Patch Market : Market Dynamics

Increasing beauty awareness among the people, especially in Asia Pacific region is expected to increase the growth of tattoo removal patch market. The number of cosmetic procedures are increasing, which is expected to increase the overall growth of tattoo removal patch market.

Technological advancements in the field of tattoo removal methods, is another major factor which can be responsible for the growth of tattoo removal patch market. Other various factors such as increasing disposable income, increasing cosmetic parlors etc. are expected to increase the overall growth of tattoo removal patch market.

Apart from the various factors, increasing the growth of the tattoo removal market, there are few factors which can restrain the growth of tattoo removal patch market. High price associated with tattoo removal procedures, is one of the main factor which can hinder the growth of tattoo removal patch market.

There can various other factors such as poor availability of the tattoo removal patches in some of the developing regions, can also hinder the overall growth of tattoo removal patch market. There are various dermatological side effects with tattoo removal lasers such as itching, redness, rashes etc., which are also expected to increase the growth of tattoo removal patch market.

Tattoo Removal Patch Market: Overview

In 2017, Merz announced the clearance of DESCRIBE® PFD Patch by Food and Drug Administration for all commonly used lasers for tattoo removal. The Patch, which is placed over tattoos prior to removal with a laser, allows physicians to treat tattoos more efficiently by enabling rapid multiple laser passes in a single treatment session. The patch was initially cleared in 2015. The DESCRIBE PDF Patch is an efficient product, used in the removal of tattoo.

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Tattoo Removal Patch Market: Region-wise Outlook

On the basis of geography, tattoo removal patch market is segmented into various key regions viz. North America, Latin America, Western Europe, Eastern Europe, Oceania, Asia Pacific and the Middle East and Africa. North America is projected to hold a large revenue shares in the global tattoo removal patch market because of the presence of well- trained people, involved in cosmetic procedures.

Latin America is also expected to hold a large revenue share in the tattoo removal patch market, due to the ongoing trend of wearing tattoos in Latin America, especially in Brazil. Asia Pacific can also show a significant market growth in the forecast years, due to the increasing beauty awareness among the people, especially among the teenagers.

Tattoo Removal Patch Market: Key Players

There are many key players of the Tattoo Removal Patch market. Some of the key players present in global Tattoo Removal Patch market are Astanza Laser LLC. Astanza Laser LLC. has a monopoly in the tattoo removal patch market.

The report covers exhaustive analysis on

Tattoo Removal Patch Market Segments
Tattoo Removal Patch Market Dynamics
Tattoo Removal Patch 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 Japan (China, India, ASEAN, Australia & New Zealand)
Japan
The Middle East and Africa (GCC, S. Africa, N. Africa)

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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, 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.

Tattoo Removal Patch Market: Segmentation

The Tattoo Removal Patch market is segmented by product type, end user and geography

Segmentation by Product Type

DESCRIBE PDF Patch

Segmentation by End User

Hospitals
Specialty Clinics
Others

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Large Synchronous Motor Market – Business Opportunities and Global Forecast to 2031 | Get Insights FMI

The global market for Large synchronous motors is anticipated to be valued US$ 222 million in 2031. In its analysis, Future Market Insights (FMI) predicts a stable long-term growth outlook for the market.

The study predicts that from 2021 to 2031, the global market for big synchronous motors will expand at a moderate CAGR. The report examines more than 20 high-growth industries and provides details on how the development of Large Synchronous Motors will change over the following ten years.

The outbreak of COVID-19 and subsequent efforts to slow its spread lowered demand for large synchronous motors in 2020. Sales will rise, though, once the industrial sector starts to recover. The report claims that there is a rising demand for big synchronous motors with capacities between 25 and 40 MW. However, the 40 to 80 MW capacity was in demand for heavy-duty applications. The 25 to 40 MW category will continue to dominate throughout the forecast period.

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The overall market for large synchronous motors growing at a relatively slow pace post the pandemic, nonetheless, its trajectory will continue rising steadily through the course of the report’s forecast period. The three key markets for large synchronous motors are China, India, and Europe. Markets in ASEAN countries are expected to grow moderately.

Increasing in investment in various public infrastructure projects will create lucrative opportunities for growth. For instance, the expansion of water treatment plants, especially desalination plants, will fuel the demand for large synchronous motors.

Key Takeaways

Large synchronous motor market will exhibit 2.6% y-o-y growth in 2021, backed by increasing application across diverse sectors
The U.S. will emerge as a lucrative market, thanks to expansion of mining activities. It will account for nearly 75% of sales in North America market in 2021
Within the U.K. increasing focus on water treatment will continue driving growth
Expansion of infrastructural facilities will create growth opportunities in France and Germany
China will emerge as a highly lucrative market, thanks tocontinued investments in power generation and industrial infrastructure.

“Surge in demand for 25 to 40 MW synchronous motor in recent years is expected to provide an impetus to large synchronous motor sales. High efficiency, low fuel requirement, and high performance of large synchronous motors will continue creating growth opportunities,” says FMI analyst.

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Subdued Growth Likely following COVID-19 Outbreak

The COVID-19 pandemic is currently impacting the global economy at various levels and the impact is seen on large synchronous motor market as well. The Large Synchronous Motor growth is currently subdued by the COVID-19 pandemic crisis and is expected to witness a significant drop in demand till 2021.

With a number of end use industries affected in several countries, the growth of the market is challenged as well. The decelerating demand is expected to result in a significant drop in Y-O-Y growth yet FMI expects large synchronous motor to grow at a moderate CAGR through 2031.

Competitive Landscape

The market is fairly consolidated, with key 7-8 players accounting for overall market share.Some of the key players in the market are

ABB,
General Electric,
WEG,
Siemens AG,
VEM Group, among others.

These players are likely to invest in new technologies, especially customized variants, to maintain their market share.

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Table of Content

Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

1.5. Technology Roadmap

Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

2.3. Overview of Configurations (2 pole, 4 Pole motor)

2.4. Overview of rated torques of power types

2.5. Overview of Motor Design & Energy rating Standards (IEEE, API, etc.)

Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

Key Success Factors

4.1. Degree of Device Customization as per End User Specifications

4.2. Project Bidding/ tender & Order Management

Full TOC Continued…

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HIV Diagnostics Market will Exhibit a Steady 7.9% CAGR through 2022-2032 | Future Market Insights

As per Future Market Insights, the HIV diagnostics market is predicted to rise from US$ 3.0 Bn in 2022 to US$ 6.4 Bn in 2032. The HIV diagnostics market is anticipated to record a steady CAGR of 7.9% during the period 2022-2032.

Technological improvements and increasing prevalence of HIV in developing and underdeveloped countries will foster the industry growth. HIV is one of the serious public health challenges across the globe. HIV if not treated on time can lead to formation of AIDS.

Despite numerous research and advances in scientific studies related to HIV still there is no vaccine and preventive medication to control the spread of the infection. One of the only methods to tackle the infectious is by treating it on time and access to proper treatment and care.

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Therefore, many governments, NGO’s and other organizations play a crucial role in creating proper awareness for the prevention of HIV/AIDS. Governments across the globe are undertaking numerous initiatives to educate its citizens regarding prevention and safer sex practices. They are developing better healthcare infrastructure to provide sophisticated patient care as well as management.

“Favourable regulatory environment and substantial investment in R&D activities by market participants for the development of improved quality HIV testing kits for home use is likely to propel the HIV diagnostics market growth.”

The demand for HIV diagnostics is forecasted to grow due to factors such as the rising global prevalence of HIV/AIDS, as well as the rising number of blood transfusions and blood donations.

What is the Segmentation Outlook for the HIV Diagnostics Market?

The consumable sector accounted for the largest market share in the global HIV diagnosis market. Consumption of consumables such as assays, reagents, and kits are on the rise, which is propelling the HIV diagnostics market forward.

HIV Diagnostics Market Key Players

Siemens Healthineers
F. Hoffmann-La Roche Ltd
Abbott Laboratories
Danaher Corporation
Thermo-Fisher Scientific Inc

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HIV Diagnostics Market Key Segments

By Product:

Consumables
Instruments
Software & Services

By Test Type:

Antibody Tests
Viral Load Tests
CD4 Tests
Others

By End User:

Diagnostic Laboratories
Hospitals
Others

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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Americas Steel Pipes Market Size, Share 2030: Present Scenario and Growth Prospects

The Americas steel pipes market is likely to reflect steady. However, the industry is likely to face challenges in terms of substitute pipe materials such as plastic and iron, as well as high production and installation costs for steel fixtures. The steel pipes market in the Americas is expected to grow steadily but moderately, with growth in niche end use sectors such as mining and automotive production.

The demand for steel pipes in the Americas has increased through 2020 despite the difficulties caused by the coronavirus pandemic. Growing public and private sector investments in the construction, oil and gas, and energy sectors are advancing the sector. A recent report by Future Market Insights predicts that the industry will expand steadily between 2020 and 2030.

The oil and gas industry applications are anticipated to be the main source of income, especially with the discovery of unconventional sources and processes like shale and fracking, according to analysts from FMI.

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The study by FMI encompasses an overview of the sector, including prominent dynamics of the market. Some of the critical takeaways of the report include:

The Americas steel pipes market was valued at 20.5 billion in 2019, driven largely by the demand from civil infrastructure and the oil & gas sector of the region.
Carbon steel pipe products are major contributors to market revenue, with advantages in easier access and chemical and shock resistance over other steel pipe variants.
Industrial applications, particularly in the oil & gas sectors are generating greater demand than that of construction and mining sectors through 2030.
The United States will remain a major market for steel pipes in the Americas, aided by a vast economy, characterized by steady growth in the past few years. Brazil is likely to reflect relatively positive prospects on the back of changes in government policy.

“The Americas have become a leading region in the production of oil and gas with unconventional resources such as shale gaining the spotlight. With a number of upcoming projects in the United States and Canada demand for steel pipes in the region is expected to surge in the near future,” said a lead analyst at FMI.

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Covid-19 Impact on Americas Steel Pipes Market

The coronavirus pandemic has been projected to be moderately impact the Americas steel pipes market. Lockdown restrictions on the manufacturing sector and the mining industry are anticipated to affect raw material supplies and logistics in the supply chain for the short term. Also, the negative effects of the outbreak on the global economy will hurt imports and exports disrupting supply chains.

End use applications, particularly in the automotive and construction sectors, owing to compulsory social distancing regulations are estimated limit market growth. Also, the drop in demand is likely to result in shut down or limited operations at conventional production facilities, in addition to widespread layoffs.

The problems are likely to be compounded by reduced demand for crude oil, restricting expansion plans in the sector. Recovery is likely to be slow owing to continuing uncertainty over the duration of the pandemic.

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Who is Winning?

In its report, Future Market Insights has given detailed analysis on the many strategies being used by manufacturers in the Americas steel pipes market. Key players are emphasizing on investments towards capacity expansions and strategic acquisitions and divestments in line with changing demand in the region.

Some of the leading players in the industry include Arcelor Mittal, Tenaris, Gerdau S/A, American Cast Iron Pipe Company, Baosteel Group Corporation, Evraz plc, Nippon & Sumitomo Steel, and JFE Holdings Corporation among others.

About Us:
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.

Emergency Medical Services Market worth US$ 37.2 Billion by 2032 | FMI

The global emergency medical services market demand is anticipated to grow at a 6.2% CAGR, with a market value of US$37.2 billion by 2032.

Ambulatory services, usually known as emergency medical services, are systems that provide medical care in emergency situations. Emergency medical services are primarily concerned with injury and acute illnesses such as stroke and cardiac arrest. Emergency medical services also cover services that are required in the event of a natural disaster.

Demand for emergency medical services is increasing as the number of cardiac arrests and accidents is rising across various countries. Software solutions that give technological breakthroughs in emergency medical services provide additional benefits such as forecasting future health hazards, improved communication during an emergency crisis, and real-time guidance during emergency scenarios.

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Growth in the emergency medical services market is influenced by various factors which include rising number of cases associated with infections, high risk of morbidity among the geriatric population, increasing investments and funding for medical services, growing volume of trauma cases, high healthcare expenditure, as well as a rise in the number of hospitals establishments worldwide.

Several other factors that influence the market for emergency medical services positively include the accessibility of emergency medical services through a well-developed transportation infrastructure, improved communication channels, robust software solutions, and growing activities related to procedural aid during emergency situations.

Additionally, the utilization of air ambulances, which are medical transport services that are essential in the event of a medical emergency, have promoted the growth of the emergency medical services industry.

“Rising adoption of air ambulances, along with growing demand for drone-based emergency medical services will augment the growth in the market,” says an FMI analyst.

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Key Takeaways:

· Advance life support services accounted for about 56.6% of the global market share in 2021, owing to the rise in demand due to the advent of the COVID-19 pandemic.

· As providers, hospital-based EMS held a dominant share of 27.4% in 2021. Hospital-based EMS provide pre-hospital care for patients during cases of emergency and trauma.

· Ground transport services are a dominant segment in terms of the fleet within the global market, carrying a market share of around 86.2% in 2021.

· North America is observed to be the leading region with an approximate value share of 35.6% in 2021.

Competition Landscape

Market expansion will be hampered by increasing vendor competition. Because there are so many brands and regional and local vendors, there are a lot of rivalries. Furthermore, suppliers in the emergency medical services industry are expanding their offerings to include mobile healthcare, medical educators, primary care extenders, and patient advocates. During the focused period, increased competition is expected to have a negative impact on the worldwide emergency medical service market growth. The emergency medical services industry is fragmented, and providers are competing by using both organic and inorganic growth techniques.

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Key Market Segments Covered in Emergency Medical Services Industry Research

By Services: