Market Research Blog – Page 9869 – New Product Development

Concrete Densifier Market: New Technological Development Projecting Massive Growth till 2028

Earlier, concrete densifiers were not a viable solution for sealing, hardening, protecting and covering industrial concrete floors. However, these days, concrete densifiers have begun to utilize siliconate and silicate enhanced agents. The use of siliconate and silicate enhanced agents in concrete densifiers leads to water resilient and moisture resistant floors.

Concrete densfiers are mainly used on non-polished concrete to improve stain resistance and reduce dusting. Its various applications include floors in warehouses, industrial plants, shopping malls, stores, schools, food-processing plants and hospitals. Concrete densifiers make concrete floors more durable.

Moreover, manufacturers are trying to innovate their technologies to capture significant market share in the concrete densifier market. For instance, W.R. Meadows has developed an Induroshine System which combines a concrete densifier and sealer to polish the concrete flooring systems.

Similarly, CFI (Coating for Industry) has developed a new product called WearCOAT 3020 (lithium silicate – water based concrete densifier). A coating of this densifier helps to make polished concrete floors more durable and gives them a remarkable finishing.

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Global Concrete Densifier Market: Drivers

Growing demand for construction projects and increasing awareness in the floor polishing market are the two factors expected to fuel the demand in the global concrete densifier market. Moreover, increase in demand for retail, commercial, industrial and institutional environment spaces across the globe is further expected to upsurge the demand in the concrete densifier market during the forecast period.

Global Concrete Densifier Market: Region Wise Trend

North America, followed by Europe, holds a significant share in the global concrete densifier market owing to the presence of prominent manufacturers (such as BASF, Evonik, John Don LLC) in the region. The Asia Pacific (especially China, India and Japan) region is expected to show robust growth over the forecast period owing to the growth in construction activities and increase in the number of hotels, schools and hospitals in the region.

Also, government initiatives to increase foreign direct investments in countries, such as China and India, to increase manufacturing will also contribute to the growth of the global concrete densifier market during the forecast period.

Western Europe, Eastern Europe, North America and Asia Pacific are expected to hold more than half of the total market share in the global Concrete densifier market. The rest of the world is estimated to account for a relatively small share in the concrete densifier market.

Moreover, upcoming & ongoing malls construction project coupled with available repair & maintenance services facility of shopping mall will spur the overall demand in the global concrete densifier market. For instance, according to estimate more than 46,000 of malls are present in U.S.

Additionally, every year more than dozen malls are being inaugurated which will support the demand for said market. In addition, continuously rise in project of new airports or their expansion will in turn be the trending opportunity for concrete densifier manufacturers.

Private and public sectors are making huge investments in residential and commercial construction projects. This, in turn, will spur the overall demand in the global concrete densifier market.

Global Concrete Densifier Market: Market Participants

Some of the market participants/vendors identified across the value chain of the Concrete Densifier market are:

BASF SE
Duraamen Engineered Products
WR Meadows
Jon Don LLC
Evonik
AmeriPolish
Laticrete International
Chem Tec
Krete Tek industries

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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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Meal Kit Delivery Services Market Share is Likely to Be US$ 59.2 Mn By 2032

The meal kit delivery services market size is poised to reach a valuation of US$ 14.63 Bn in 2022. Sales are projected to increase at a 15% CAGR, with the market size reaching US$ 59.2 Mn by 2032.

Key players operating in the meal kit delivery services market are opting for a multi-brand expansion strategy. They are focused on expanding their market penetration in different regions by adopting an aggressive expansion strategy.

HelloFresh Group for instance, recently in April 2022, announced its first market entry in Asia, a step in line of its international expansion goal. Besides this, HelloFresh Group is also further focused on expanding its international penetration through rapid acquisitions.

HelloFresh acquired Green Chef Company in the year 2018, Ready-to-Eat Meal Company Factor75, Inc. in 2020, Youfoodz in 2021, and others. All of such efforts on the part of well-established players is likely to further scale up market growth in the coming years.

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Consumer spending on meal kits and grocery boxes has rapidly increased especially in the U.K. Furthermore, the rapidly growing demand for meal delivery kits from urban areas as well as rural areas is likely to escalate the sales of meal delivery kits in the coming years.

Key Takeaways from the Meal Kit Delivery Services Market Study

By offering type, heat and eat segment is expected to witness highest growth over the forecast period (2022-2032)
In terms of meal type, vegan segment will gain traction through 2022 & beyond
By sales channel, online segment is expected to witness robust growth between 2022 and 2032
Australia is expected to dominate the Oceania meal kit delivery services market on the back of growing trend of veganism
India is expected to witness fastest growth in South Asia meal kit delivery services market backed by the presence of leading food delivery chains

“Increasing health consciousness has further encouraged the players operating in the meal kit delivery services market to expand their meal offerings to include vegan and plant-based meals in their offerings. This is anticipated to boost the market over the forthcoming decade”, says an FMI analyst.

Who is winning?

Key players are undertaking extensive efforts to promote their meal kit delivery services. Market players are focused on undertaking promotional strategies to voice out their service penetration in different markets.

Some of the major players present in the meal kit delivery services market are Blue Apron LLC, Freshly Inc., Hello Fresh Group, Sun Basket, Relish Labs LLC, Gobble, Marle Spoon Inc., Purple Carrot, Hungryroot and among others.

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Meal Kit Delivery Services Market by Category

By Offering Type:

Heat & Eat
Cook & Eat

By Channel:

Online
Offline

By Meal Type:

Vegetarian
Vegan
Non-vegetarian

By Type:

Economic Meal Kit
Premium Meal Kit

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
The Middle East and Africa (MEA)

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Automatic Tire Inflation System Market Future Scenarios, Growth and Analytical Insights – 2031

The automatic tire inflation system industry has been exhibiting steady growth since the past decade owing to the rise in requirement in utility vehicles, tractors, and heavy commercial vehicles (HCV). While the outbreak of the COVID-19 pandemic took a toll on the industry output due to the decline in automotive sector, the recovery has started since the last quarter of 2020. With the increase in investment on research & development (R&D) activities by manufacturers, and the key sales channels getting back on track, automatic tire inflation system industry is subject to significant growth in the coming years.

The latest revised edition of the report on ‘automatic tire inflation system’ market study by Future Market Insights (FMI) offers an exhaustive overview of the global industry trends, regional insights, demand-supply trajectories, and crucial factors during the forecast period of 2021 to 2031. According to the report, North America, Europe, and Asia Pacific will remain the leading regions, while high requirement from utility vehicle segment will drive the sales in 20+ countries.

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Key Takeaways from Market Study

The global automatic tire inflation system industry is forecast to expand at over 5% CAGR through 2031
Increase in application in utility vehicles and heavy commercial vehicles (HCV) is likely to be witnessed
Original equipment manufacturer (OEM) segment to exhibit hegemony in terms of sales channel
The United States to hold the major chunk of North America industry
Germany remains the epicenter of Europe automatic tire inflation system industry
The United Kingdom, China, Japan, India, Canada, France, and a few other countries to emerge lucrative
Asia Pacific to register the fastest growth throughout the forecast period

“Advancement in manufacturing sector coupled with the rise in adoption of various automated systems and solutions in automotive sector are fuelling the sales of automatic tire inflation system,” says an FMI analyst.

How is the Recovery of the Automotive Industry Key to Automatic Tire Inflation System Providers?

Automatic tire inflation systems are highly sought-after in automotive industry owing to its unlimited advantages over the conventional system such aslower maintenance cost, higher safety, extended tire life, highly compatible with satellite communication services and telematics systems, and efficiency in providing proper pressure maintenance over road.

According to a report titled “Automotive Industry Spotlight” published by the SelectUSA, the United Sates has one of the largest automotive industries in the world, while in 2018, the U.S. light vehicle sales reached 17.2 million units. As stated in the report, new R&D initiatives are transforming the global automotive industry including the U.S., while according to Auto Alliance, globally UIS$ 105 Billion is spend on R&D in automotive industry. Though the situation changed temporarily in 2020, the automotive sector is getting back to its feet making the automatic tire inflation system providers optimistic again.

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Market Segmentation by Category

Vehicle Type

Tractors
Heavy Commercial Vehicles (HCV)
Utility Vehicles

Sales Channel

Original Equipment Manufacturer (OEM)
Aftermarket

Component

Hub Caps
Hoses
Axle & Wheel Component
Others

Region

North America
Latin America
Europe
Middle East and Africa (MEA)
East Asia
South Asia
Oceania

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Report Scope

Key Questions Answered in Report

Which are the top companies manufacturing automatic tire inflation system?

Some of the top companies manufacturing automatic tire inflation system are Tire Pressure Control International Ltd., Bigfoot Equipment Ltd., AIR CTI, and FTL Technology Limited.

Which are some of the lucrative markets for automatic tire inflation system?

The United States, China, Germany, Japan, India, the United Kingdom, Canada, Italy, France, and a few others are lucrative markets for automatic tire inflation system and are expected to continue exhibiting high demand through the forecast period.

Which vehicle type accounts for high sales of automatic tire inflation system?

Presently, the utility vehicles segment is the most lucrative in terms of vehicle type, and is expected to remain dominant over the forecast period of 2021 to 2031.

Which sales channel is mostly preferred in the automatic tire inflation system market?

Original equipment manufacturer (OEM) is mostly preferred in the automatic tire inflation system industry and expected to remain dominant through 2031.

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Waterproof Fabrics Market: Share, Size, Growth, Competitor Landscape, and Regional Outlook by 2028

Waterproof fabrics are the water repelling fabric materials used in various day to day applications. Waterproof fabrics provide an excellent water resistance with no leakage and minimum wetting. The fabrics are immersion-proofed and wax proofed in order to bring out the maximum efficiency of the waterproof fabrics. The waterproof fabrics provide high durability, are tough, light weight and wrinkle free.

The manufacturers involved in the waterproof fabrics market are focused on improving the texture and finish of the waterproof fabrics. The waterproof fabrics are used in the tents, sportswear, raincoats, tarpaulins, truck covers and kitbags among other applications.

On the basis of the material, the waterproof fabrics are categorized by the material type used in the manufacturing the waterproof fabrics. The materials used in the manufacturing of waterproof fabrics include: nylon, polyester, cotton and polyurethane among others

Waterproof fabrics of breathable type are generally designed for garments which are used for the protection from the weather. Breathable waterproof fabrics do not allow water to pass through instead, they allow water vapors to pass in order to maintain the skin and body temperature.

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Whereas, non-breathable waterproof fabrics do not allow water or water vapors to pass through and thus, are not used in the garments. Non-breathable waterproof fabrics are generally used in the household applications such as bathroom curtains, tents and truck covers

Waterproof Fabrics Market Dynamics

The growth in the per capita disposable income in the developing countries is expected to drive sales of waterproof fabric garments in near future. Automobile industry being one of the key consumer of waterproof fabrics, is expected to drive the waterproof fabrics sales owing to the growing sales and increasing fleet of vehicles in coming years.

Conversion of natural fabrics such as cotton and wool to waterproof fabrics using polymer coatings is expected to set a trend in the waterproof fabrics market Lower efficiency offered by waterproof fabrics when in contact with water for longer time is expected to retard the sales of waterproof fabrics in coming years

Waterproof Fabrics Market: Regional Outlook

North America region is expected to provide a lucrative opportunity for the growth of waterproof fabrics market. The region has reported a significant growth in the automotive vehicle sales and fleet. Owing to which the sales of waterproof fabrics are expected to boost in the North America region in coming years.

Europe region is one of the key markets for textile industry. The region holds a prominent share of around 9.7% in the global population owing to which, the sales of the waterproof fabrics are expected to grow at a decent pace in the Europe region in near future.

Latin America region has reported a moderate growth in the sales of the automotive vehicles in recent years. Owing to which the waterproof fabrics market is expected to grow in coming years. Increasing per capita disposable income and fleet of automotive vehicles in the Middle East and Africa region are expected to drive the sales of the waterproof fabrics in coming years.

Asia region is the expected to have a prominent share in the growth of water proof fabrics. Asia region has witnessed a significant growth in the sales and fleet of automotive vehicles. Developing countries in Asia such as India and China who hold a prominent share of 36% of total population of the world are expected to create a platform for the sales of waterproof fabrics in coming years.

The increasing per capita disposable income in the China and India is also expected to add in the growth of waterproof fabrics in coming years

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Waterproof Fabrics Market: Key participants

The participants involved in the waterproof fabrics market are listed below:

Koninklijke DSM N.V.
Lafayette USA Corp
Toray Industries Inc.
Anand Fabrics
Plastitex
Carrington Textiles
Porelle Membranes
Attwoolls Manufacturing
Handloom Bhandar
Chori Co., Ltd

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Wet Vacuum Cleaner Market Grows at a Rate of 5% CAGR During the Forecast Period 2022-2032

The wet vacuum cleaner market size is likely to register a CAGR of 5.0% during the forecast period, and is anticipated to reach a market share of US$ 2.51 Bn in 2032 from US$ 1.54 Bn in 2020, owing to the technology advancements, enhanced functionality, and availability in compact sizes.

The use of modern technology has eased the usability of the tool and thus is scaling up the sales of the wet vacuum cleaner, especially in the commercial areas.

Evolving end-user demand and raising concern for hygiene in both residential and commercial sectors, along with the introduction of DIY applications and the need to maintain cleanliness especially in commercial sectors are some of the major factors driving the drenched hoover sales.

Sales of wet vacuum cleaner go through a repeating win-fail because of its use majorly for exquisite jobs in commercial spaces, which has remained a longstanding challenge for manufacturers. Nevertheless, with the advancement in technology, providing advanced functions, and availability in compact sizes, the wet vacuum cleaner sales are expected to rise.

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Further, the expansion in the number of business spaces combined with the rise in the number of distribution channels that include online platforms, hypermarket, specialty stores, and other are prone to contribute in the driving demand for wet vacuum cleaner sales.

E-commerce Segment Likely to Augment Wet Vacuum Cleaner Sales

One of the fastest periods for the development of sales for wet vacuum cleaner is enabled with the presence of various suppliers on e-commerce platforms. This opens gates for customers by providing easy accessibility, various offers & discounts on electronic gadgets, which boost the sale reception of wet vacuum cleaner.

In addition, such platforms allow the customer to compare various brands and models based on their functionality, service, and price range. Moreover, the availability of getting the product delivered at home along with an additional warranty is propelling the growth of the wet vacuum cleaner in the forecast period.

Further, to improve the movement of wet vacuum cleaner and be available in compact dimensions and low weight, the manufacturers are investing in R&D facilities. Manufacturers also focus on developing hoovers that use HEPA filters, which are easily available in the aftermarket. Additionally, the wet vacuum cleaner are fitted with the latest technology like Bluetooth and remote control access to ease the work and grow the volume of sales shortly.

How had COVID-19 Impacted the Wet Vacuum Cleaner Market?

The drenched hoover sales were severely impacted along with the many other industries due to the lockdown forced in every country. Close down of unimportant industries, lack in demand from customers, further delay in the production of goods due to lack of employees, and so on in order to control the spread of the deadly virus and thus, led to loss and decline of business.

However, with the unwinding of lockdown and with restricted regulation, the regional governments have allowed the opening and working of industries to regain from the economic crisis. In addition, with the establishment of different new companies in the referenced business, in order to acquire traction during the forecast period and also focus and supply with advanced products and better customer experience, is relied upon to help grow the volume of sales of wet vacuum cleaner.

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US and Canada Wet Vacuum Cleaner Market Outlook

US is one of the largest regions for wet vacuum cleaner globally. The US wet vacuum cleaner sales are set to spread on the historic pattern of bust and boom during the assessment period 2021-2031. Demand is likely to rise with the introduction of robotic hoovers backed up with advanced technologies and R&D activities.

The key players in the region are focusing on manufacturing compact and modern hoovers, which are AI-controlled. This led to the gain of attention of investors from all around the world, which provides huge support for the development. The manufacturers focus on providing robust machines, which can clean all areas and prove to be a reliable tool. In addition, with the introduction of cordless hoovers, the segment has changed drastically and boosted the sales of wet vacuum cleaner.

Europe Demand Outlook for Wet Vacuum Cleaner

Europe has one of the largest hubs for R&D facilities. Since, the unwinding of lockdown and owing to high flexibility and viable nature, which eases the corner cleaning of spaces, has created opportunities for the sales of wet vacuum cleaner to grow. In addition, considering the emphasis on health and hygiene, the use of hoovers is likely to increase.

Europe indoor spaces hoovers demand is likely to grow with the observing developments in the current products. Further, with the availability of newly innovated hoovers with many additional facilities and additionally available parts for the same, which are replaceable with time. Moreover, the use of modern technology that plays an important role in neglecting the concern regarding energy consumption is going to return a high volume of sales of wet vacuum cleaner.

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Wet Vacuum Cleaner Market 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

Key Segments

By Application:

Household Commercial
Professional Craftsmen (DIY)
Woodworking
Car Service
Individual
Garage/Service
Stations
Construction Site
Commercial Establishment

By Technology:

Automatic
Semi-Automatic

By Type:

Portable
Stationary

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

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Dust Suppressant Market: Business Opportunities and Global Forecast to 2028

Dust suppressant chemicals are used to control dust in places such as roads, the cement industry and the mining industry. They can range from water to palliative materials including saline solutions based on magnesium chloride (MgCl2), calcium chloride (CaCl2) and sodium chloride (NaCl).

Also, asphalt emulsions and lignin, as well as plant oils and natural clays may also be used as dust suppressant materials. Chloride-based dust suppressants are the most commonly used dust controllers; however, water is also commonly used as a dust suppressant. Water is used as a temporary dust suppressant on roads and building construction sites as well as gravel pits and quarries.

However, water must be applied regularly to maintain adequate moisture as it is moisture that binds fine particles to prevent dust. Other than water, the two commonly used dust suppressants are magnesium chloride and calcium chloride, which are hygroscopic in nature. Dust suppressant materials are generally hygroscopic, which absorb moisture from air and allow small dust particles to combine and increase in size, making them less prone to become airborne.

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The dust suppressant is generally added to water and sprayed through a sprinkler. Dust suppressants aid in controlling dust at the time of loading, unloading, transferring and belt conveying, stack-out, crushing, reclaiming and other critical operations at locations.

Dust suppressants increase the surface area of the water droplet, enabling it to cover more area, thereby preventing dust to become airborne. They also carry an ionic charge that aids to attract dust molecules as well as repel water droplets, facilitating a better spread to the sprayed water to cover more area.

Dust Suppressant Market: Dynamics

The global dust suppressant market is expected to grow significantly over the forecast period. Increasing awareness related to dust suppressant chemicals in manufacturing and mining industries as well as growth in investments in civil infrastructure are some of the crucial aspects influencing the global dust suppressant market positively.

Dust can raise numerous challenges such as harmful effects on health. Apart from health, cross-contamination and dust reclamation are the other challenges boosting the demand for dust suppressants in various industries. As dust suppressants are crucial to industries such as cement, construction and mining, the growth of these end-use industries is expected to drive the growth of the dust suppressant market.

However, dust suppressant operations are labour-oriented tasks and a shortage of skilled labour and low awareness among the general population are anticipated to restrain the growth of the global dust suppressant market. Despite these challenges, the current trend to use new and better technologies for superior results is expected to surge the demand for global dust suppressants over the forecast period.

Dust Suppressant Market: Regional Outlook

Asia Pacific holds a significant share in the global dust suppressant market, owing to the presence of manufacturing sector in the region. The market for dust suppressants in Asia Pacific is expected to register higher consumption, owing to the higher demand form mining and metallurgical industries. Investments in the construction industry in Asia Pacific are also expected to boost the dust suppressant market over the forecast period.

Europe, North America is the Asia Pacific is expected to hold more than half of the market share of the global dust suppressant market. MEA is projected to exhibit high growth in the dust suppressant market, owing to the substantial growth in the construction sector in the region. The rest of the world is estimated to account for a relatively small share of the dust suppressant market.

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Dust Suppressant Market: Market Participants

Examples of some of the market participants operating across the value chain of the global dust suppressant market include,

Archer Daniels Midland Company
Benetech Inc.
Borregaard LignoTech
Cargill Incorporated
Chemtex Speciality Limited
DowDuPont Inc.
GelTech Solutions
Huntsman International LLC
Hexion Inc.

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Nitroglycerin Market: Global Industry Overview and Competitive Landscape till 2028

Nitroglycerin is a colorless and oily liquid with high density. It is generally manufactured by reacting nitrating glycerin with nitric acid in appropriate conditions. It is used for two major purposes: one is as an explosive and other is as a medicine. The growing API industry is also responsible for increasing the demand for API raw materials.

Nitroglycerin is one of the important constituents in vasodilator drugs and falls under the drug group called nitrates. These medicines relax the blood vessels, thereby facilitating proper blood flow to the heart. Angina is a kind of chest pain caused by blockages in blood vessels, which transport blood to the heart. Angina can be treated using nitroglycerin.

However, the Nitroglycerin drug has several side effects, such as nausea, headache, and flushing. Increase in cases of angina due to changing lifestyle patterns and eating habits of the global population are pushing the market for nitroglycerin in the medical sector.

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Global Nitroglycerin Market Dynamics

Market Drivers

The significant growth being witnessed in the number of cardiovascular diseases has created a rise in demand for medication. Nitroglycerin is one of the effective medicines for the treatment of angina pectoris.

Increasing cases of angina pectoris are expected to push the market for nitroglycerin. Changing lifestyle of people in developed and developing countries is leading to new health challenges and these challenges are promoting the growth of the nitroglycerin market. Another application of nitroglycerin is in the manufacturing of explosives. Increasing use of nitroglycerin in the manufacturing of explosives for mining and construction allocations is also pushing the demand for nitroglycerin.

Market Restraints

The major challenge for the global nitroglycerin market is the rise in number of regulations covering its manufacturing, handling and usage. The health care industry is one of the tightly regulated industries in the world. FDA (Food and Drug Administration) sets certain restrictions on the chemicals used in food and drugs. Therefore, pharmaceutical manufacturers must align with these regulations set by various regulatory bodies to operate successfully in the market.

Various safety measures are necessary during the production of nitroglycerin. The explosive nature of nitroglycerin makes it difficult to handle in the normal condition. Also during the transportation of nitroglycerin, it is important to follow various safety guidelines. This is a challenging factor for the growth of the nitroglycerin market.

Market Trends

New applications of nitroglycerin in the field of medicine are being developed through research and development. For instance, various institutions and organizations are focusing on developing a potential drug from nitroglycerin for the treatment of prostate cancer.

Global Nitroglycerin Market: Regional Outlook

The global nitroglycerin market is expected to be leaded by North America and the U.S. is projected to dominate the market in terms consumption of nitroglycerin. Increasing number of patients suffering from cardiovascular diseases in the U.S. are leading to growing demand for nitroglycerin.

This is projected to drive the nitroglycerin market in North America. North America is followed by Europe in terms of demand for nitroglycerin. Asia Pacific is the largest producer of nitroglycerin and is expected to lead in terms of the growth in the nitroglycerin market.

Growing healthcare industry and growth in demand for cardiovascular medicines in Asia Pacific and other emerging regions are the two factors expected to drive the demand for nitroglycerin during the forecast period. Middle East and Africa is projected to witness moderate demand growth for nitroglycerin during the forecast period.

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Global Nitroglycerin Market Participants

Some of the market participants identified across the value chain of global nitroglycerin market are:

Pfizer Inc.
Merck
Mylan N.V.
Glenmark Pharmaceuticals Ltd
Dalmia Bros. Pvt. Ltd.
Troikaa
ESPERO BIOPHARMA, INC
Square Pharmaceuticals Ltd
Sun Pharmaceutical Industries Ltd.
Healthcare Pharmaceuticals Limited
Copperhead Chemical Company

The global market 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 global market research report provides analysis and information according to market segments such as geographies, application and industry.

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Surgical Booms Market is forecast to register a CAGR of 4.7% between 2022 and 2029 | FMI

Surgical booms are also known as Equipment Management Systems (EMS). Surgical booms are used to constrain electrical wiring from the various equipment used in the OR. They also help organise the space in the OR by increasing the working space. Most surgical booms are suspended from the roof of the OR and are available in a number of designs and utilities. According to the latest research by FMI, the global surgical booms market is expected to account for more than US$ 380 Million in terms of value by the end of 2029. The surgical booms market report also projects significant growth potential with an anticipated average Y-o-Y growth rate of over 4.5% during the forecast period.

Increase in the Adoption of Minimally Invasive Surgeries is Likely to Drive the Growth of the Surgical Booms Market

Minimally Invasive Surgery (MIS) is one of the major trends in medicine. MIS is a safe, feasible, and patient-friendly method of performing medical procedures such as surgery. MIS offers reduced postoperative pain, shorter length of stay in a hospital, lesser scarring or damage to tissues, and generally leads to faster recovery. Hence, MIS is easier and less time-consuming. As clinicians seek safer and more efficient ways to perform surgery, they find new applications for minimally invasive procedures, because the benefits of the same for patients are paramount. Furthermore, the increasing number of insurance providers that offer reimbursement for costs incurred during most minimally invasive procedures is expected to increase the adoption rate of minimally invasive surgeries. The Centers for Medicare and Medicaid Services (CMS) provides reimbursement for peripheral access procedures, such as the insertion of a port or catheter into a large central artery that is directly related to or is near the heart. Thus, increase in the number of minimally invasive surgeries is boosting the demand for equipment management systems such as equipment booms.

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High Capital Investment for Integrated OR to Hinder the Growth of Surgical Booms Market

Integrated ORs utilise a crossover of medical interventions to form hybrid technologies. The development and integration of ORs requires the re-organization of professionals. In addition, there is a need to upgrade the capital equipment. Cost of such advanced capital equipment is high. Furthermore, compatibility with existing or new devices/infrastructure is likely to present a hurdle for the designers, manufacturers, and end users of surgical booms. A hybrid OR, on an average, requires 50-80% more space as compared to a conventional OR in the U.S., and 30-40% more in Germany. The additional space required is another factor that is likely to increase the cost of the setup of an integrated OR. Thus, the capital cost required for an integrated OR is likely to hinder the growth of the surgical booms market.

Surgical Booms Market: Segmental Analysis

The global surgical booms market has been segmented on the basis of product, installation, and end user. On the basis of product type, the surgical booms market has been segmented into equipment booms, utility booms, anaesthesia booms, and custom booms. Custom booms lead the market due to the flexibility of choice the customers have from manufacturers. Based on installation, the surgical booms market has been segmented into roof mounting and floor mounting. In terms of revenue, the roof mounting segment is expected to have a major share in the surgical booms market during the forecast period as these are more flexible and conserve space in the OR more effectively. On the basis of end user, the surgical booms market has been categorised into hospitals, ambulatory surgical centres, specialty clinics, and hybrid operating rooms. The revenue generated by the hospitals segment of the surgical booms market is expected to witness significant growth, which is driven by the presence of a large number of ORs and associated ICU departments at various hospitals.

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Surgical Booms Market: Companies

Some of the key players in the surgical booms market include

CV Medical LLC.
Stryker Corporation
Hill Rom Holdings Inc.
Amico Group of Companies
Steris Plc
Ondal Medical Systems GmbH
Getinge Group
Pratibha Medinox
Skytron LLc
Palakkad Surgical Industries
among others.

SURGICAL BOOMS MARKET TAXONOMY

By Product

Equipment Booms
Utility Booms
Anesthesia Booms
Custom Booms

By End User

Hospitals
Ambulatory Surgical Centers
Specialty Clinics
Hybrid Operating Rooms

By Installation

Roof Mounting
Floor Mounting

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Region

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East & Afric

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Clinical Oncology Next-generation Sequencing Market is projected to expand at a prolific CAGR of 16.3% between 2022 and 2029, reaching a valuation of US$ 1.14 Bn by 2029

Next-generation sequencing refers to the identification of the nucleotides of DNA base pairs for the diagnosis of various diseases. Oncology is one of the important applications of next-generation sequencing. It is an advanced and faster method of sequencing. Clinical oncology next-generation sequencing includes kits & reagents, services, sequencing platforms, and sequencing products. The kits and reagents used for sequencing are expected to witness significant growth in the overall market.

North America is expected to be a prominent region in the global clinical oncology next-generation sequencing market owing to the presence of well-developed healthcare infrastructure and numerous technological advancements in the region. North America and Europe are expected to witness a significant growth rate in the clinical oncology next-generation sequencing market.

Synthesis Sequencing Technology to Hold a Major Market Value Share

Based on the technology, the clinical oncology next-generation sequencing market has been segmented into pyro sequencing, sequencing by synthesis (SBS), and Single-Molecule Real-Time Sequencing (SMRT), nanopore sequencing, ligation sequencing, and reversible dye termination sequencing. Synthesis sequencing is however expected to hold a significant share in the clinical oncology next-generation sequencing market.

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Ion semiconductor sequencing is a method of DNA sequencing in which hydrogen ions are detected based on the polymerisation of DNA. Pyro-sequencing includes identifying the order of nucleotides in DNA based on the “sequencing by synthesis” principle, in which the sequencing is performed with the help of DNA polymerase. SBS is a technique used to determine the series of base pairs in DNA, which also known as DNA is sequencing.

There are various applications associated with clinical oncology next-generation treatment market. They include whole tumor genome sequencing, whole tumour exome sequencing, targeted tumour genome profiling, tumour transcriptome sequencing, tumour-normal comparisons, and other applications. Targeted tumor genome profiling is expected to hold a large share of the clinical oncology next-generation treatment market.

On the basis of end user, the clinical oncology next-generation sequencing market has been segmented into hospital laboratories, clinical research organisations, diagnostic laboratories, and others. Clinical research laboratories are expected to hold a large revenue share in the clinical oncology next-generation sequencing market.

Apart from the factors driving the clinical oncology next-generation sequencing market, there are few factors that are likely to hinder the overall growth of the clinical oncology next-generation sequencing market, such as high costs associated with the establishment of sequencing platforms, low quality of outsourcing services, and inadequate availability of sequencing platforms in some regional markets.

On the other hand, increasing biomedical research using clinical oncology, increasing government funding for life science projects, substantial decline in the prices of sequencing, and technological advancements in the field of sequencing are some of the major factors driving the growth of the clinical oncology next-generation sequencing market.

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Tier 1 Companies Hold Nearly 3/5th Share of Global Market Value

The report tracks some of the key companies operating in the clinical oncology next-generation sequencing market such as QIAGEN N.V., Thermo Fisher Scientific., Pacific Biosciences of California, Inc., F. Hoffmann-La Roche Ltd Oxford Nanopore Technologies, Ltd., Takara Bio, Inc., Illumina Inc., PerkinElmer Inc.and Agilent Technologies, Inc. Thermo Fischer Scientific, Oxford Nanopore Technologies Ltd., and Illumina are expected to hold a signficant share of the clinical oncology next-generation sequencing market. These first tier companies hold a share of approximately 60% in the clinical oncology next-generation sequencing market.

CLINICAL ONCOLOGY NEXT GENERATION SEQUENCING MARKET TAXONOMY

The global clinical oncology next generation sequencing market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach in front of the reader.

By Product

• Sequencing Platforms
• Sequencing Products
• Kits and Reagents
• Services

By Technology

• Ion Semiconductor Sequencing
• Pyro-Sequencing
• Synthesis Sequencing (SBS)
• Real Time Sequencing (SMRT)
• Ligation Sequencing
• Reversible Dye Termination Sequencing
• Nano-Pore Sequencing

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By Application

• Whole Tumor Genome Sequencing
• Whole Tumor Exome Sequencing
• Targeted Tumor Genome Profiling
• Tumor Transcriptome Sequencing
• Tumor-normal Comparisons
• Others

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Europe softgel encapsulation machine market during the forecast period of 2022-2032.

The market for softgel encapsulation machines is anticipated to reach US$ 104.5 million in 2022 and expand at a CAGR of 4.3% from 2022 to 2032. By 2032, the market is projected to be worth US$ 159.6 Mn. Because of improvements in technology, production methods, and integration, it is anticipated that the production of softgel capsules will rise, driving growth in the market for softgel encapsulation machines.

The need for new softgel encapsulation equipment has risen as a result of ongoing improvements in capsule-making methods. Due to the urgent requirement for more automatic softgel encapsulation machines for large-scale softgel manufacturing, the market for these machines is anticipated to expand. The market for softgel encapsulation machines is also being driven by rising demand for health supplements in both emerging and developed economies.

By 2022, more than one-third of global sales are expected to come from Europe, which is expected to remain the most lucrative softgel encapsulation machine market. Softgel encapsulation machine demand is directly impacted by the pharmaceutical industry’s expansion, which has been accelerating recently.

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The manufacturing of personal care and cosmetics products is thought to benefit from the growth of the global softgel encapsulation machine market. About 18% to 20% of the world’s encapsulation machine market is made up of softgel encapsulation machines.

Machines for making softgel capsules are primarily used for high-volume, quick production, demonstrating the dynamism of the pharmaceutical industry. The softgel encapsulation machine, which also enables the filling of various products, offers high production.

When creating softgel liquid capsules, a softgel encapsulation machine works effectively and adheres to sanitation standards. There are a few opportunities for cross-contamination as a result. Softgel encapsulation machines can significantly lower labour costs due to their ease of use.

Some of the key benefits of softgel capsules include high atmospheric stability, enhanced bioavailability, improved absorption, taste and odour masking, and ease of swallowing. These benefits will drive the demand for softgel encapsulation machines over the next ten years.

The addition of new materials and improvements in manufacturing technology are anticipated to give conventional capsules more features, such as the option of a potent active pharmaceutical ingredient (APIS), tamper-evident packaging, and controlled drug release because of their longer shelf life, appealing looks, and decreased stomach pH degradation.

Demand for Softgel Encapsulation Machines Growing in Germany

“Demand for Drugs for Cancer Treatment to Push Sales of Soft Gelatin Capsule Machines in Germany”

Germany’s projected CAGR during the forecast period is 2.8%. During the forecast period of 2022–2032, the nation is anticipated to hold a significant share in the Europe softgel encapsulation machine market.

One of the leading European nations with the greatest number of patent applications for novel drug production systems is Germany. The European Patent Office (EPO) 2019 Patent Index data shows that the number of pharmaceutical patent applications increased by 4.4% in 2018.

In Europe, Germany is also the best country for cancer treatment. Chitosan-alginate BSA-gel capsules, which are used after local chemotherapy, are created using softgel encapsulation machines.

New drugs for various medical treatments against various types of viruses are expected to be introduced as a result of pharmaceutical industry research initiatives in the nation. In Germany, the softgel encapsulation machine market will expand profitably during the evaluation period as a result of the healthcare sector’s quick expansion.

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Softgel Encapsulation Machine Manufacturers Progressing in China

“High Demand for Good Quality Medicines in China to Propel Sales of Soft Gelatin Encapsulation Machines”

China’s share of the East Asian softgel encapsulation machine market is projected to grow at a rate of 4.8% CAGR. The most populous country in the world, China, is experiencing an increase in demand for medical supplies. After the United States, China is regarded as having the second-largest pharmaceutical market worldwide.

Additionally, the rapidly ageing population and resulting increase in the demand for medical products would present a wide range of opportunities for key players in the Chinese pharmaceutical industry. This would lead to an increase in softgel encapsulation machine sales throughout the nation, which would be advantageous for the market’s expansion.

U.S. Considered to be a Lucrative Hub for Softgel Encapsulation Machine Manufacturers

“Export of Advanced Medicines from the U.S. to Drive Demand for Softgel Machines”

Over the forecast period, the softgel encapsulation machine market in the U.S. is projected to create an incremental opportunity of nearly US$ 9.4 Mn. The country has some of the biggest pharma companies in the world, and majority of the advanced pharmaceutical products in the world are manufactured & exported by the country’s pharmaceutical sector. The country is already witnessing high demand for softgel encapsulation machines from other parts of the world, which is likely to push the U.S. market.

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About Future Market Insights (FMI)

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

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