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The global market for adiponitrile is expected to grow at a moderate CAGR of 4.5% during the forecast period (2019 to 2029) to reach a valuation of more than US$ 12 Bn.


The adiponitrile market is growing at a CAGR of around 4.5% through 2029, bolstered by a strong demand for polymer nylon 6-6, which finds widespread applications in the production of commodities such as electro-insulation, conveyor belts, and carpet fibers.


The adiponitrile market is also being supported by an upward trajectory in the Asia Pacific region, owing to the easier availability of low cost facilities for production.


The demand for nylon 6-6 is continuing to grow across United States and Europe, owing to its use as a popular resin in engineering applications.


This is particularly true in terms of the demand for tyre cords from the global automotive segment, which is generating a number of lucrative opportunities in the market for the near future. On the basis of this trend, the sales of adiponitrile are expected to surpass US$ 12 Bn by the end of 2029.


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Key Takeaways of Adiponitrile Market Study


Adiponitrile for nylon synthesis applications will hold control over 85% of the global adiponitrile market with a growth of 1.4 x through the forecast period, with a slower rate of growth.


Most end use applications for adiponitrile will be aimed towards the production of automotive components and materials, which will account for ~42% of the global market, necessitated by the high strength and temperature requirements of components such as plug parts, radiator housing, and hydraulic brakes.

 

 

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The recent study by Fact.MR on global pepsin market offers an 8-year forecast between 2019 and 2027. The study analyzes crucial trends that are currently determining the growth of global pepsin market.


Pepsin is a protein-degrading, or proteolytic, enzyme used in a wide range of pharmaceutical, and food processing applications.


Though demand for pepsin from pharmaceutical industry is seeing a spurt, recent past has witnessed high growth in pepsin for processing of soy protein and gelatin, which is used in an array of applications such as dairy, poultry and meat products. 1:10000 pepsin grade is forecast to be a leading segment in the burgeoning applications of pepsin within these products, reveals Fact.MR in a recently published report on the Global pepsin market. As per the report, global pepsin market is forecast to surpass US$ 3.9 Bn by 2027 end, reflecting moderate growth of under 5% during the assessment period


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Key Takeaways of Global Pepsin Market


Global pepsin market is forecast to create an absolute opportunity of around US$ 1.1 Bn during the forecast period, adding 1.4X more value as compared to 2019


Pepsin is primarily used as a pharmaceutical intermediate for formulating digestive drugs, which is a dominant end use, accounting for around half of the global market share


Use of pepsin as an enzymatic food additive, as a replacement to rennin in the production of certain cheeses is trending, which is forecast to propel demand growth of pepsin within the food industry

Liquid form of pepsin is the next growth epicenter in the global market, which is poised to gain 732 BPS by 2027


Owing to wide application of 1:10,000 pepsin grade in pharmaceutical & food industry it is the dominant grade of pepsin with around 40% market share in 2019, however, demand for 1:15,000 grade pepsin is forecast to be on a rapid growth trajectory during the forecast period

 

 

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Mar 16 '21 · 0 comments · Tags: fact.mr, pepsin market

Ethyl Polysilicate Market to see Upward Growth, as Cross Linking Applications Capture 1/3rd Share.global ethyl polysilicate market along with the historical data of 2013, estimated data 2019 and forecast data up to 2027 in terms of revenue (US$ Mn)


The global ethyl polysilicate market is projected to grow at a steady CAGR of over 4% and is estimated to reach a valuation of over US$ 450 Mn by the end of the forecast period (2019-2027).


Ethyl polysilicate is significantly used as a cross linking component in cold-curing silicone rubber systems. The use of crosslinking agents in the application of paints & coatings has increased due to the high demand for crosslinking agents in water-based coating solutions.


Crosslinking in coatings enhances chemical resistance, mechanical toughness and appearance. Industrial coatings with cross-linking agents also enhance color and resistance to corrosion. This has led to increased consumption of ethyl polysilicate thus maximizing margins of key players in the ethyl polysilicate market.


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Key Takeaways of Ethyl Polysilicate Market Study


According to Fact.MR, APAC is projected to hold one third share in global ethyl polysilicate market and will continue to maintain its reign in the long term forecast period


Europe is projected to consume more than 1/4th of global ethyl polysilicate demand while China is anticipated to remain the key regional cluster for manufacturers and accounts for more than 20% of global production thus witnessing new growth avenues with emerging Chinese manufacturers in Southeast Asia.


Ethyl polysilicate is highly used as a binder in paint and emulsions manufacturing and is expected to grow at a CAGR of more than 3% owing to its fast curing, high adhesion and high resistance towards UV radiations. Further, it’s used as a hardening component in the foundry industry and dentistry as an impression material.


Paints & coatings will drive the demand for ethyl polysilicate , accounting for nearly half of the demand till 2027 and is set to gain 1.2X value by the end of 2027


“Growing demand for high performance and protective coatings across high potential markets is set to create substantial opportunities for players and will escalate the demand for global ethyl polysilicate in paints & coatings sector” says the Fact.MR analyst

 

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Mar 15 '21 · 0 comments · Tags: fact.mr, ethyl polysilicate market

The global market for lithopone is estimated to grow at a moderate CAGR of over 4% during the forecast period (2019-2027) to reach a valuation of over US$ 250 Mn.


The global lithopone market is projected to grow at a CAGR of over 4% and is estimated to reach a valuation of over US$ 250 Mn by the end of the forecast period (2019-2027).


In the past decade, inorganic pigment industry went through significant developments. The market developed new application areas such as plastics, building & construction and paints & coatings which created new opportunities for growth of lithopone market.


Demand has remained moderate in western economies while APAC countries are likely to witness above-average growth. High mechanical performance and easier extrusion proliferates consumption of lithopone in plastic and glass-reinforced plastic manufacturing.


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Many innovations and technical advancements are witnessing a prolific increase in the usage of additives for high efficacy. This factor increases consumption of lithopone in several new applications and will positively impact the market growth in the near future.


Key Takeaways of Lithopone Market


Rubber is the most important application of lithopone. Rubber compounding remains significant area for lithopone consumption and the segment is expected to grow at a CAGR of over 5%, says Fact.MR

According to the Fact.MR study, high mechanical performance in plastic amps up the demand of lithopone in plastic manufacturing and the plastic segment will experience growth of over 4% in the foreseeable future


Demand has remained stagnant in western countries, while market has shown an increase in Asia-Pacific countries such as China, India, South Korea, Taiwan and others Asia-Pacific is anticipated to experience significant growth of over 5% in the long term forecast period.

 

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Mar 14 '21 · 0 comments · Tags: fact.mr, lithopone market

COVID-19 Outbreak to Decelerate Demand for Chemical Mechanical Planarization (CMP) Slurries in Short-Term, Advanced Technologies to Re-Ignite Growth through 2030, Concludes Fact.MR


CMP Slurry market is poised to witness two fold growth by the end of 2029, driven by its expanding applications in consumer electronics. Efficacy to offer exceptional planarization and minimal surface defectivity makes CMP slurries an ideal ingredient in CMP (chemical mechanical polishing).


CMP slurries will continue their legacy with the emerging need for new abrasives combined with advanced additives to maintain a steady growth trajectory. This in turn will propel the CMP slurry market to grow at an astounding CAGR of ~8% during the forecast period (2019-2029).





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Key Takeaways of CMP Slurry Market:


Technological advances in semiconductor processing and fabrication has led to the requirement for highly polished and abrasion free components which will create a progressive environment for growth of the market.


Advanced device architectures and technologies like 3D FinFETs, 3D NANDs and 3D packaging will surge the demand for CMP slurries during the assessment period.


Based on product, aluminum oxide is projected to surpass market valuation over US $ 1470 Mn by the end of 2029


Cerium oxide is projected to register dominating growth rate among other products and is anticipated to gain 147 BPS by the end of 2029


Silicon wafers are projected to remain a highly lucrative application in forthcoming years, representing over half of the global revenue share till 2029.


Advanced technologies and multilayers are set to offer additional opportunities as well as new challenges in the market.


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In terms of revenue, Asia Pacific excluding Japan (APEJ) will continue to dominate the global CMP slurry market throughout the forecast period with a CAGR of ~8%

“Increasing necessity of tunable slurries with lower defectivity and high oxide removal rate will augment the demand for CMP slurries”, says the Fact.MR analyst.

 

 

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Dental Infection Control Products Market Witnessing Introduction of New Aesthetic Materials: Fact.MR


The Dental Infection Control Products Market will register a steady CAGR over the projected period, 2020-2030, as per Fact.MR's new study. Changes in lifestyle of people and rising focus on dental care is projected to remain key growth aspects in the global market.


"Although the impact of COVID-19 on dental care industry has been palpable, growing focus on maintaining hygiene will augur well for the long-run." says the Fact.MR report.


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Dental Infection Control Products Market - Key Takeaways


·         North America will remain lucrative throughout the assessment period owing to growing awareness concerning dental care.


·         The consumables product category will remain dominant in the global market owing to their extensive scope of application.


·         Dental hospitals & clinics are anticipated to attain majority of market share, however, at present at negatively impacted by COVID-19 outbreak.


Dental Infection Control Products Market - Driving Factors


·         Introduction of new aesthetic materials and digital devices along with powerful prototyping & manufacturing tools, is modernizing the global market


·         Rising demand for dental care products due to growing geriatric populace with cavity problems, and changing food habits and lifestyles is significantly swaying market growth.


·         A rising number of trained dentists are enhancing access to oral care, which, in turn, is augmenting the growth.


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Dental Infection Control Products Market - Constraints


·         Rising availability of pirated or counterfeit products in the market might create a bottleneck for the complete market growth of the dental infection control products market.


·         Higher treatment cost is another aspect posing as a challenge to the market growth.


Anticipated Market Impact by COVID-19 Outbreak


The COVID-19 outbreak has had an adverse impact on the dental infection control products market, as surgeons are at the utmost transmission risk of the getting disease. Consequently, a drop in demand for products from hospitals and dental clinics has been foreseen. Moreover, practices involved in dental academics, dental laboratories, and research institutions are not compatible with government regulations and norms on COVID-19. This is negatively impacted the dental infection control products market.

 

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Marine Oil Market to Account for a Valuation of US$ 2.6 Bn Towards 2030 End: Fact.MR


The global Marine Oil Market is likely to record a steady CAGR amid the assessment period of 2020-2030. The growth can be mainly attributed to increasing demand from various end use industries, particularly from regions such as East Asia where the most lucrative prospects are likely to be offered for stakeholders. However, the market will foresee a short terms effect due to COVID-19 outbreak.


"Market players are optimizing their production to decrease costs via backward integration, to conciliate for the instability in prices. Procurement of raw material, which is still inconsistent, prompt a huge demand-supply gap at the worldwide level. Procurement sources for taking out marine oil must be categorized in an organized manner, as government regulations and climatic events can make procurement straining." says a Fact.MR analyst.


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Key Takeaways


·         EMEA & South Asia & Pacific, will be contributing over 50% to the overall market share over the forecast period

·         Refined marine oil will be recording a CAGR of over 4%, due to its increased application in end-use industries

·         Pharmaceuticals category will attain have a notable market share, worldwide


Drivers


·         Notable rise in aquaculture activities all over the world is boosting demand for marine oil

·         Extensive application at the industrial level is pacing up, since end-use companies are using the oil on different fronts, such as for pet food, cosmetics, and pharmaceuticals, along with others

·         Increasing demand for healthy food products for instance, as a cooking oil, and as a topping oil for several dishes, will be boosting the expansion of the market size

·         Growing use of plant-based marine oil in aqua feed is boosting the growth of market


Constraints


·         Fluctuating raw material cost remains the key restraining aspects to the market growth

·         Obstruction in raw materials procurements due to trade restriction amid COVID-19 has widely impacted the market growth pace


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Anticipated Market Impact by COVID-19 Outbreak


The COVID-19 pandemic has had an adverse impact on the marine oil demand in the 1st quarter of 2020. Lockdowns imposed all over several countries in 1st and 2nd quarters of 2020 have caused noteworthy decrease in demand for marine oil, worldwide. In addition, manufacturing of marine oil was further impacted due to limitation of raw materials supply. Conversely, the marine oil market is likely to gradually gain back its pre-crisis status quo when impacts of the pandemic are lessened.

 

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Light Tower Market to Expand 1.6X by 2030; Reduced Construction Activities during COVID-19 Pandemic Impeding Market Growth


In recent years, increasing popularity of solar light towers in North America and Europe has been significantly influencing the growth of the light tower market. Since 2017, oil prices have recovered to above US$ 70 per barrel from the previous low of US$ 40 per barrel, and have shown signs of steady improvement.


This, coupled with major production cuts from OPEC countries, has made the oil & gas industry an under-supplied market, creating even more demand for oil production. With increasing investments in the oil & gas industry, demand for light towers is set to rise over the coming years.


Installation of solar light towers and surge in the number of end-use industry platforms are opening up new avenues for the light tower market. According to a new Fact.MR study, the light tower market is poised to expand at a value CAGR of nearly 5% and account for revenue worth US$ 2 Bn by 2030-end.


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Key Takeaways from Global Light Tower Market Study


·         LED-based light towers are estimated to account for 52% share of total market revenue in 2020, and gain 730 BPS in their market share by 2030 over 2020.


·         Solar-powered light towers continue to influence the growth strategies of market players, which are expected to contribute revenue worth US$ 410 Mn in 2020 and US$ 700 Mn by 2030, progressing at a CAGR of 5.5% during the forecast period.


·         The North America light tower market is projected to hold a prominent share of the global market value, and is expected to continue its dominance during the forecast period.


·         The light tower market in China is projected to resister the highest growth rate in terms of value during the forecast period. However, the Europe light tower market is slated to experience the slowest growth rate.


·         The COVID-19 pandemic has resulted in decreased construction activity around the world, which is affecting the demand for light towers.


“Advancing construction industry and increasing number of infrastructure projects by regional government will facilitate numerous growth opportunities for players in the global light tower market,” says a Fact.MR analyst.


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Acquisition of Regional Players - Prime Strategy Key Players


Key players in the light tower market are focusing on the acquisition of regional players to establish their global presence and ensure quality of aftersales services provided to customers. For instance, in 2017, Generac Holding Inc. announced the acquisition of Selmec Equipos Industriales, S.A. de C.V., and its subsidiaries Enesa Energia, S.A. de C.V. and Enesa, S.A. de C.V.

 

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Key players are engaged on creating and developing cables & leads for medical equipment which are cost-efficient and user-friendly to support in R&D of infection inhibiting technical solutions.


The cables and leads for medical equipment market is poised to register a CAGR of about 5% over the assessment period, 2020-2030.With growing concerns in relation to transmission and infection control, medical centers are choosing to utilize disposable medical equipment, this is fuelling demand for cables & leads for medical equipment in the healthcare sector.


"With surging hospital admission cases amid the COVID-19 outbreak, the requisite for medical devices has soared up, in that way contributing to the market growth over the forecast period." says the Fact.MR report.


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Key Takeaways


·        North America remains one of the most lucrative regions in the global market due to growing investments on R&D by both, international companies and governments


·        Hospitals end use segment will record high demand due to growing investments by both emerged and emerging regions


·        ECG is gaining traction among application categories in the global market


·        The cables & leads for medical equipment will foresee a surge in demand owing to growing number of patients in hospitals


Driving Factors


·        Increasing geriatric population and increasing incidences of key chronic diseases are driving the market growth


·        Increased government programs for instance Medicaid and Medicare and healthcare expenditure has positively impacted demand for medical services, along with the cables & leads for medical equipment


·        Growing instances of cardiovascular ailments has caused expansion in use of ECG accessories and equipment, thus encouraging the demand over the forecast period


Constraints


·        High cost associated with the disposable cables & leads is hindering the full-fledged expansion in the market


·        Growing inventions for the expansion of wireless healthcare devices will limit demand for cables & leads


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Anticipated Market Impact by COVID-19 Outbreak


The cables & leads for medical equipment market is slated to foresee noteworthy expansion amid the forecast period as the healthcare sector is gaining traction. While the market encountered several hiccups amid the initial phases of the pandemic such as supply chain disruptions, travel and transportation restrictions. However market players are coming up with novel strategies to recover pace, the market is projected to regain from losses as well as swell ahead in the future.

 

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Mar 7 '21 · 0 comments · Tags: avx corporation, molex, llc

Deere & Co. – a leading American manufacturer of construction equipment – recently entered a supplier partnership with Wacker Neuson – a German supplier and distributor of construction equipment. The company aims to provide compact excavators in Asia.


Fact.MR recently published a comprehensive study on excavator market, which opines that the excavator market will witness modest 3.2% volume y-o-y in 2019 over 2018.


The Fact.MR study finds that the demand for excavator will improve as the heavy construction equipment industry has been recovering from a major slump. Owing to the positive growth of the construction industry, especially in developing countries, excavator market is expected to witness steadily increasing growth in the future.


Construction Industry Accounts for over 70% Volume Share in Excavator Market

Excavators are commonly used in a wide range of sectors including construction, mining, agriculture, and forestry. However, according to the Fact.MR report, the construction industry is expected to hold the largest volume share – approximately 72% -- by the end of 2019.


Manufacturers in the excavator market are focusing on introducing performance features that will suit the requirements of end-users from the construction industry to capitalize on the increasing demand for excavators as a construction equipment.


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Excavator market players are upgrading the design of excavators by incorporating advanced technologies to offer improved efficiency, which can help end-users to increase productivity and operators’ safety.


The Fact.MR report finds that the sales of excavators as a construction machinery were around 5.5x higher than its sales as a forestry & agricultural equipment in 2018. Higher demand for excavators in the construction industry is mainly spurred by roads and highway projects, and the study remains bullish of the potential rise in share of construction industry in global sales of excavators in the coming future.


Apart from its applications in the construction industry, excavators are also used in the agriculture industry and mining industry, which have been contributing greatly to growth of the excavator market.


Stringent Environmental Regulations Create Challenges for Excavator Manufacturers


Despite steady demand from construction industry, stringent environmental regulation and high quality standards for conventional excavators continue to create manufacturing challenges for market players.

 

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Mar 6 '21 · 0 comments · Tags: fact.mr, excavator market
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