Sugar Confectionery Market Segmentation, Analysis by Recent Trends, Development by Global Regions

 The global sugar confectionery market size is anticipated to reach USD 69.5 billion by 2026, according to a new research published by Polaris Market Research. In 2017, the offline stores segment dominated the global sugar confectionery industry, in terms of revenue. Asia-Pacific is expected to grow at the highest rate during the forecast period.

A significant increase in population, changing eating habits, and rising disposable income drive the market growth. Other factors influencing the global sugar confectionery industry include growing inclination towards gifting of confectionery products, and investments by market players in promotional activities, advertising campaigns, and social media marketing. Improvement in lifestyle due to rise in income level, especially in the developing countries of Asia-Pacific, further fuels the market growth.

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Factors such as increase in per capita income, changes in consumer behavior, and rising trend of e-commerce are expected to accelerate the growth of sugar confectionery industry in the coming years. However, increasing health awareness, rising cases of obesity related diseases, and shift in trend towards consumption of low calorie food are expected to restrict the growth of the sugar confectionery industry. Increasing demand from developing nations, rising demand for organic and premium chocolate products, and growing trend of gifting confectionery products are factors expected provide numerous growth opportunities to the market players during the forecast period.

Asia-Pacific is expected to grow at the highest rate during the forecast period. The increasing population in the region coupled with rising disposable income drives the market growth in the region. The increasing demand of Sugar Confectionery in the region is expected to be driven by growth in countries such as China, Japan, and India. The development in retail market, stable economic growth, and growing trend of using sugar confectionery as gifts supports the market growth in the region.

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The well-known companies profiled in the sugar confectionery market analysis report include Nestle SA, Mondelez International, Perfetti Van Meller, Lindt & Sprungli, Hershey Food Corp, Ferrero Group, Mars Incorporated, Kraft Foods Co., WM Wrigley JR Company, and Haribo GmbH & Co. KG among others. These companies are consistently launching new products to enhance their offerings in the global sugar confectionery industry. With change in lifestyles, companies are innovating and introducing new products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

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Service Robotics Market Overview, Industry Top Manufactures, Size, Growth rate

 The global service robotics market size is anticipated to reach USD 54.4 billion by 2026 growing at a CAGR of 17.3% from 2018 to 2026 according to a new report published by Polaris Market Research.  The report ‘Service Robotics Market Share, Size, Trends, & Industry Analysis Report, By Type (Professional Service Robotics, Personal Service Robotics); By Component (Hardware, Software, Services); By Environment; By End-User; By Region: Segment Forecast, 2018 -2026’ provides insights on the current market scenario and the future prospects. In 2017, the hardware segment dominated the global service robotics industry, in terms of revenue. Europe was to be the leading contributor to the global market revenue in 2017.

There has been an increase in the demand of service robotics solutions across the world owing to greater need for automation of services. With the increasing use of collaborative robots in service applications, the overall demand for robotics has increased drastically over the years. The rising applications of drones, unmanned ground vehicles, unmanned surface vehicles, autonomous underwater vehicles, unmanned aerial vehicles in the military sector, use of delivery robots, personal assistance robots, inventory management bots in the healthcare & logistics sector coupled with reduction of hardware costs for the manufacturing of service robots are some stimulating factors for the global service robotics industry.

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Technological advancements in vision software and assistive robots for patient care have further led to the development of innovative products to cater to the customized requirements and diversified applications of service robots in the healthcare industry. Growth of wireless technologies, smartphone adoption, rising trend of cloud computing, strong and stable economic growth in the growing economies, and untargeted potential markets provide lucrative opportunities for the market players in the market.

The advent of new technologies has led to the development of efficient and advanced medical robots for providing customized solutions. Consumer robots compatible with iPad/PC are developed for autistic children, which enable therapists and parents to guide them through their activities. Surgeons are able to perform operations from remote locations, allowing them to provide diagnosis through an interactive moving robot with the adoption of latest telesurgery and telepresence technologies. The da Vinci Surgical System, a surgical robot developed by Intuitive Surgical, Inc., holds a major share in the robotic surgery market.

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Surgical robots are specifically designed to perform surgeries or assist surgeons during operation procedures. It is a significant revenue-generating category in the healthcare segment owing to its high precision. Companies have formed alliances to offer diversified solutions in this segment. For instance, Verily Life Sciences LLC, a company by Alphabet Inc., has partnered with Johnson & Johnson’s Ethicon to manufacture surgical robots under jointly incorporated Verb Surgical, Inc. Another company, TransEnterix, Inc. recently launched the Surgibot Surgical System, which is capable of performing surgeries by creating only one incision for multiple instruments.

Europe generated the highest revenue in the service robotics industry in 2017. Growing demand for automation, technological advancements, and increasing labor costs encourage companies to invest in service robotics. Vendors in the service robotics industry deliver customized solutions for self-driving vehicles, surgical technologies, entertainment, and agriculture to cater to a wider audience. Government initiatives such as launch of civilian research and innovation program in robotics in 2014 and incorporation of SPARC Robotics, a joint platform for robotics companies in Europe, help to drive the market growth in Europe. In addition, under the platform of Innovation Union, a Europe 2020 flagship initiative is formed to maximize Europe’s global competitiveness.

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The well-known companies profiled in the service robotics market report include Intuitive Surgical, Inc., Adept Technology, Inc., Irobot Corporation, Kuka AG, Aethon Inc., Bluefin Robotics, GeckoSystems Intl. Corp., Panasonic Corporation, Yujin Robot, Co., Ltd., Robert Bosch GmbH, Parrot SA, and Kongsberg Maritime. These companies launch new products and collaborate with other leaders in the market to innovate and launch new products to meet the increasing needs and requirements of consumers.

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Glass Coatings Market Overview, Industry Top Manufactures, Size, Growth rate

 The global glass coatings market size is anticipated to reach USD 5.03 billion by 2026, according to a new research published by Polaris Market Research. In 2017, the nano glass coating segment dominated the global market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period.

Several stringent energy regulations passed by governments worldwide have boosted the adoption of glass coatings. Growing concerns regarding energy efficiency, increasing need to reduce energy consumption, and growing demand from the automotive sector further support the market growth. The increasing sale of vehicles, especially in the developing countries, along with growing adoption of solar installations supports the market growth. Additionally, the increasing adoption of energy efficient buildings and reducing operation costs would boost the market growth during the forecast period. Other factors supporting market growth include supportive government regulations, increasing awareness, and growing demand from emerging economies. Increasing investments by vendors in technological advancements coupled with research and development further boost the market growth.

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The awareness regarding green buildings, and reduction in operation costs encourage the commercial sector to invest in glass coatings. Commercial structures such as manufacturing plants, offices, and institutes are adopting glass coating to reduce emissions, increase efficiency, and optimize energy use. Asia-Pacific generated the highest revenue in the glass coatings market in 2018. The increasing use in vehicles, and rising awareness regarding energy efficient buildings drive the market growth in the region. The increasing sale of vehicles in countries such as China, Japan, and India, and the growing demand from the construction sector drives the growth of the glass coatings industry in the region. Numerous key players have adopted partnership and expansion strategies to increase their market share in the markets of the Asia-Pacific.

The different end-users of glass coating include construction, automotive and transportation, aerospace, marine, and others. In 2018, the automotive segment accounted for the highest market share. The use of glass coatings in windows, doors, and windshields in automotive reduces the heat accumulation in vehicles, and offer high UV resistance and high optical activity.

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The well-known companies profiled in the report include Kyocera Corp, PPG Industries, Henkel A.G., The NSG Group, Saint-Gobain, Corning Inc, Murata Manufacturing Co. Ltd, Valspar Corporation, Euroglas GmbH, and The Sherwin-Williams. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach.

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Oil well cementing Market Overview, Industry Top Manufactures, Size, Growth rate

 The global oil well cementing market was estimated at a worth of USD 503.0 million in 2017 and is projected to grow at a CAGR of 6.3% over the forecast period. Increasing exploration and production from unconventional oil & gas reserves, rising count of matured wells, and increasing production from offshore reserves are expected to be the major driving factors for growth of oil well cement market over the forecast period.

There are several grades of these cement products, but majorly are categorized into ordinary, moderate sulfate resistant (MSR), and high sulfate resistant (HSR). On the basis of application, the global market is further segmented into onshore and offshore. Ordinary (Grade 0) also known as normal portland cement is one of the widely used type of portland cement which is the most common cement type for general use as a basic ingredient of non-specialty grout, mortar, stucco, and concrete.

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Moderate sulfate resistant (MSR) also called type II cement is used where precaution against moderate sulphate attack is important. MSR usually generates less heat of hydration at a slower rate than cement Type I and thus, this cement is used in mass structures such as retaining walls, large piers, and heavy abutments.

MSR are preferred in hot water due to less heat generation. High sulfate resistant (HSR) type of cement is used when concrete is exposed to highly alkaline soil or water having high sulphate content. Such cement is used where soils or ground waters have a high sulfate content as HSR is not resistant to acids and/or other highly corrosive substances.

  

The raw material used for manufacturing oil well cement includes limestone, iron ore, coke and iron scraps. The product is manufactured from clinkers of Portland cements and also from cements that are hydraulically blended. Oil well cements are formulated for resisting high pressures and temperatures within the wellbore.

These products set slowly owing to its organic retarders which prevent it from setting too fast. It is due to all these characteristics that it is used in the building of the oil wells where the pressure is around 20,000 PSI and the temperature is around 500 degrees Fahrenheit.

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The cement slurry is pumped into the wellbore through the casing and fills the space between the wellbore and casing. Cementing plug is inserted into the casing to provide sealing and removes debris from the casing. The main service providing companies include Halliburton, Schlumberger, Trican services and Baker Hughes which are the end-use segments of the oil well cement value chain.

Onshore drilling operations segment accounted for the largest market in 2017 with a share of 67.3% of oil well cementing market in 2017. Demand from offshore oil well drilling operations are anticipated to witness significant growth and account for 32.7% share of the global oil well cementing market in in 2026. Increasing exploration & production activities from offshore oil and gas reserves are expected to be driving product demand in the present industry space. However, ongoing investments in onshore matured and old wells can be considered a consistent source of product demand from the segment.

Pectin Market Report Forecast 2020-2026 By Size, Share, Price, Trend and Growth

 The global pectin market is estimated to reach USD 1.87 billion by 2026 and is anticipated to grow at a CAGR of 6.4 % from 2018 to 2026. Pectin market is projected to witness significant growth over the forecast period. Increasing health consciousness among consumers and various health benefits of pectin products is expected to drive the global market over the forecast period.

 

Pectin are plant-derived compounds, a structural heteropoly saccharide that is contained in primary cell walls of the terrestrial plants. It is mainly extracted from citrus fruits, apples, apricots, cherries, oranges, and carrots. Commercially, it is available in the form of white to light brown powder. The industry is characterized by companies characterized by medium level of integration in the value chain. Packaging and shipping play an important role in integrating the value chain. This helps the companies to incorporate their businesses in a cost-effective way.

 

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Suppliers include companies which are involved in the production & distribution of processes raw materials such as apple, citrus, and others. The rising shortage of raw materials and increased import for Brazil and European countries is resulting in high bargaining power to the suppliers. In addition, low threat of backward integration from manufacturers, except some of the major and giant market players is also resulting in high bargaining power of suppliers.

 

The pectin market witnesses an external threat of substitution from natural gum and Citri-fi. Citri-fi is natural functional fibers, which are derived from citrus fruits. They offer hydrocolloidal properties, which is significant for high water holding capabilities. There are also some synthetic alternatives such as polyurethane, but these are usually not considered suitable for skin contact applications. However, the various advantages of pectin over these products are expected to lower the threat.

 

Pectin extracted from this raw material are used for high cholesterol high blood pressure, & blood sugar, joint pain, weight loss, prevent colon & prostate cancer, high triglycerides, gastroesophageal reflux disease (GERD) and diabetes. In addition, some people also use pectin to prevent poisoning caused by strontium, and other heavy metals.

 

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Despite the shortage in the supply of raw material, some of the major players are also trying to increase their production capacity to meet the demand. For instance, Cargill acquired FMC’s plant to boost their pectin production capacity. The market is highly fragmented and competitive. In addition, it also experiences the presence of small-scale as well as giant players. The key and major companies are investing in R&D activities and frequently involved in merger and acquisition to increase their market share and product portfolio. Some of the companies that have a significant influence in the industry include DuPont Nutrition & Health, FMC Corporation, CPKelco, Herbstreith & Fox, Devson Impex Private Limited, Cargill Incorporated, B&V srl. and Yantai Andre Pectin Co. Ltd.

 

Growth in food & beverage industries, in emerging economies, is expected to drive the Asia Pacific market. The market is projected to grow rapidly in the Asia Pacific region, owing to the changing lifestyle of consumers in emerging economies including, China and India. The rising health consciousness among consumers and the presence of major players in North America is projected to positively drive the growth of the market over the forecast period.

 

 

Carbon Capture and Storage Market Size, Development, Key Opportunity, Application & Forecast

 The global carbon capture and storage market size is expected to reach USD 10.45 billion by 2026 according to a new study by Polaris Market Research. The report “Carbon Capture and Storage Market Share, Size, Trends, Industry Analysis Report By Capture Type (Pre-Combustion, Industrial Separation, Oxy-Fuel Combustion, Post-Combustion); Application (Enhanced Hydrocarbon Recovery Process (EOR), Industrial, Agriculture); By Regions, Segments & Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Carbon capture and storage constitute a series of technologies that facilitate the isolation of mainly carbon dioxide from fossil fuels, manufacturing & process waste streams. This is followed by compression, transportation and injection into permanent geological storage. The compressed carbon dioxide is transported through ships or pipeline to the geological formation sites. It is permanently stored in the deep underground geological formations, which may be onshore or offshore. Currently much of the R&D effort is aimed at reducing the energy losses due to capture in the various process steps but one of the greatest improvements to the overall IGCC technology is the development of high firing temperature larger gas turbines of higher efficiency.

 

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The global CCS market is at emerging stage despite of the increasing amount of carbon dioxide emitted every year. It is estimated that there are more than 22 CCS projects globally with more than 16 projects kicking-off during the coming years. The major reason for slow growth in the scenario of new projects is majorly due to complex and stringent government regulations and slow economic growth majorly in the European region. Some of the main factors that are crucial for the rapid development of the CCS industry over the forecast period include increase of financial support for demonstration and early deployment of CCS to drive private financing of projects and to prove capture systems at pilot scale in industrial applications where CO2 capture has not yet been demonstrated. Efforts to reduce the cost of electricity from power plants equipped with capture through continued technology development and use of highest possible efficiency power generation cycles. Development of efficient CO2 transport infrastructure by anticipating locations of future demand centers and future volumes of CO2 are some of the other prominent issues that need to be focused on for significant market growth over the forecast period.

 

The cost of carbon capture and storage vary widely. It depends on the capturing technology whether it is to be added to an existing plant as a retrofit or built into a new plant, on the type of power plant. It also depends on the time when the carbon is being captured such as post-combustion, pre-combustion or oxy-fuel in which coal is burned in pure oxygen rather than air to produce pure CO2 emissions, on the type of CO2 transport such as pipeline and on the type of storage such as porous underground saltwater formations, EOR projects, depleted oil and gas reservoirs and coal seams. The cost of the CCS technology along with new plant set up is very high which may not prove to be a viable solution for many industry players and even countries globally. Therefore, the high cost of CCS is expected to restraint the market in the near future. Furthermore, patent expiry of major blockbuster agents and expected launch of generic version are likely to restrain the growth of the market during the forecast period.

 

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The global market is dominated by North America as this region has a perfectly framed regulatory framework. . The government is actively promoting the deployment of emission technologies across the country along with extensive use of EOR methods will complement the industry landscape. In addition, the U.S. introduced the Section 45Q tax credit for the carbon capture projects providing a fundamental policy for increasing the installation of CCS projects. Furthermore, the EU considers the technology crucial to hit its climate goals, which will require the union’s member states to reach net-zero emissions within decades.

 

European Court of Auditors stated that the EU spent more than €424 million ($486 million) over the past decade fruitlessly trying to establish carbon-capture technology. However, the Asia Pacific countries are anticipated to witness the fastest growth over the forecast period for this market with the presence of several high economically growing countries. The emerging economies in the region such as China and India along with countries such as Japan, Indonesia and Malaysia are focusing on cleaner environment owing to rapid industrialization in the region, thereby, leading to increased carbon emissions. Furthermore, Middle East and Latin America are also expected to witness significant growth over the forecast period.

 

The key players in the market include Shell CANSOLV, AkerSolutions, Statoil, Dakota Gasification Company, Linde, Siemens AG, Fluor, Sulzer, Mitsubishi Heavy Industries, Maersk Oil, Japan CCS Co., Ltd., and HTC CO2 Systems Corp.  among others.

 

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Temporary Power Market Overview, Industry Top Manufactures, Size, Growth rate

 The global temporary power market size is anticipated to reach USD 10.6 billion by 2026 growing at a CAGR of 11.5% from 2019 to 2026 according to a new report published by Polaris Market Research. Temporary power systems are installed in order to prevent loss that might happen from the sudden loss of conventional power supply. Temporary power systems are used in places like ships, submarines, telecommunication equipment, laboratories, and hospitals. Temporary power supply comes in handy at times when main power is lost due to grid failure, blackout, weather conditions. In places like ships and airplanes temporary power system work as the main source of power which is replaced or charged time to time..

The increasing demand for power coupled with growing instances of blackouts and power outages has boosted the adoption of temporary power solutions. The growth in construction activities and infrastructure development, and lack of power infrastructure in developing countries further supports the growth of the temporary power market. Additionally, increasing number of sports and corporate events, along with rising demand from hospitals, mining, and construction sites would boost the market growth during the forecast period. Other factors supporting market growth include increasing demand from developing economies, reducing cost of power generation, and technological advancements. Increasing adoption of data centers, growth in construction activities, and rapid urbanization further boost the market growth.

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North America generated the highest revenue in the global temporary power industry in 2018 owing to increasing power demand from healthcare, utilities, and industrial sectors in the region. U.S. accounted for the highest share in the U.S. temporary power market owing to growth in construction and infrastructure development. Asia-Pacific region is expected to grow at the highest rate during the forecast period. The increasing demand for power supply from manufacturing sectors, and low rate of electrification have increased the demand for temporary power solutions in the region. Poor grid infrastructure, and increase in number of planned events further supports the temporary power market growth in Asia-Pacific

The well-known companies profiled in the market report include Hertz Equipment Rental Corporation, Ashtead Group PLC, Speedy Hire PLC, Caterpillar, Inc, Atlas Copco CB, Smart Energy Solutions, Cummins, Inc, Aggreko PLC, Diamond Environmental Services, LLC, and Kohler Co., Inc among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

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Continuous Glucose Monitoring Device Market Overview, Industry Top Manufactures, Size, Growth rate

 The global Continuous Glucose Monitoring Device Market size was valued at USD 3,512.8 million in 2019 and size is expected to reach USD 12.18 billion by 2026 according to a new study by Polaris Market Research.

Continuous Glucose Monitoring Device have witnessed tremendous growth in the recent past and this trend is expected to continue from 2020 to 2026. Health agencies as well as governments have issued health advisories which explicitly mention that people suffering from diabetes are at high risk of corona virus infection. Experts have also specifically mentioned that continuous monitoring of blood glucose levels to avoid worsening of conditions. CGM is expected to benefit from such trends.

 

In order to cope with the rising demand for COVID-19 tests, companies such as Abbot have customized their production lines and manufacturing schedules to produce corona virus test kits. However, such companies have stressed on the fact that the production of other products such as CGM will not be hampered. It is expected that there will be exponential rise in demand for CGM products in the next few years. As of now, healthcare has become of prime importance and there is rising importance of preventive healthcare. Ease of usage of CGM products, easy availability coupled with COVID-19 scare is expected to fuel the market growth.

 

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Although, point of care diagnostic procedures such as CGM proves to be very effective in delivering healthcare to all, they are an expensive affair for healthcare facilities dealing with high test volumes. This is expected to impede market’s growth in the cost sensitive undeveloped economies of the market. However, the introduction of cheap and cost-effective devices for point of care diagnoses is expected to gradually reduce the impact of this restraint over the forecast period.

 

The regulatory framework is one of the most restraining factors pertaining to pharmaceutical, biotechnology and medical technology industry. Absence of clear regulatory framework/guidelines for the diagnostic sector in developing countries such as India and China where the CGM market has great growth potential due to the presence of a large patient base is anticipated to impede growth in the coming years. The presence of such discrete and uncertain scenario about the regulations for CGM devices creates confusion among CGM manufacturers regarding commercialization.

 

North America emerged as the largest market in 2019 and the regional market is expected to dominate the market up to the end of the forecast period i.e. 2026. Strong presence of market participants, high awareness regarding device usage and high inclination towards preventive healthcare are some of the factors benefitting the regional market growth.

 

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Companies such as Senseonics Holdings, Inc., Insulet Corporation, Bayer AG, Ypsomed Holding AG, LifeScan, Novo Nordisk, Medtronic PLC, Dexcom Inc., Abbott Diagnostics Inc., and Roche Diagnostics are some of the key players operating in the Continuous Glucose Monitoring Device Market.

 

Polaris Market research has segmented the Continuous Glucose Monitoring Device Market report on the basis of component type, end-use and region

Continuous Glucose Monitoring Device component type Outlook (Revenue, USD Million, 2015 – 2026)

·         Transmitters & Receivers

·         Sensors

·         Insulin Pumps

Continuous Glucose Monitoring Device end-use Outlook (Revenue, USD Million, 2015 – 2026)

·         Hospitals

·         Homecare Diagnostics

·         Others

 

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Genomics in Cancer Care Market Segmentation, Analysis by Recent Trends, Development by Global Regions

 The global genomics in cancer care market size is anticipated to reach USD 14.6 billion by 2025 growing at a CAGR of 17.7% from 2019 to 2025 according to a new report published by Polaris Market Research.  The report ‘Genomics in Cancer Care Market Share, Size, Trends, & Industry Analysis Report, By Product type (Consumables, Instruments, Services); By Technology, By Application; By End Use; and By Region: Segment Forecast, 2019 – 2025’ provides insights on the current market scenario and the future prospects.

 

In 2018, by product type, instrument segment captures the largest market shares in terms of revenue and hold major share in the market. Regionally, North America accounted for the major share in the global market.

 

The market is primarily driven by increasing prevalence of cancer patients globally, and rising demand for diagnostic coupled with the availability of cost effective and technologically advanced technology. Additionally, awareness and growing preference for personalized medicines is also influencing the market growth. Moreover, continuous investment on research and developments by the biotechnology & pharmaceutical companies would also fuel the market growth.

 

Product segment is further sub-segmented into consumables and reagents, instruments, and services. Instruments market holds the major share in the market owning to the rapid technological advancements, and continuous efforts by the manufacturers for providing digitalization in the instruments for its easy use. While consumables and reagents hold second largest position for market followed by the service sub segment.

 

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Based on technology, the market is segmented as genome sequencing, PCR, microarray nucleic acid extraction and purification. Genome sequencing holds the major market share in 2017, and would continue to experience growth during the forecast period. The growth in this segment is majorly driven by the effective and precise diagnosis results, and rising awareness for its use in cancer diagnosis. Moreover, advantages like growing demand for cost-effective technologies, and flexibility in this technique would also influence the growth of genome sequencing market.

 

On the basis of application, the market is further segmented as diagnostics, personalized medicines, drug discovery, and Research. This application is majorly used for diagnosis of cancer. Diagnostics holds the largest market share which is majorly attributed to the growing number of cancer patients worldwide.

 

Research institute is the largest segment as an end user for the market, and would hold dominating position during the forecast period. The growth of genomics market in cancer care is primarily driven by the need for accurate screening techniques that gives to the point diagnosis of cancer.

 

Geographically, North America holds a dominating position in the global genomics in cancer care market followed by Europe and Asia Pacific. The market growth in North America is driven by the presence of refined research & development infrastructure for the researchers, large pool of patients suffering from cancer, and high healthcare expenditure by the individuals. Whereas, Asia Pacific is expected to reach remarkable growth owning to the increased penetration rate of these technologies and improving research and development expenditure by the biopharma industries.

 

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The leading companies operating in this industry include Agilent Technologies, Roche Diagnostics, Beckman Coulter, Illumina, Inc., Affymetrix, Cancer Genetic Inc., Bio-Rad Labs, Pacific Bio-science, Sigma Aldrich Corporation, GE Healthcare, Quest Diagnostics, Abbott Laboratories, PerkinElmer, and Luminex.

 

Key Findings from the study suggest technology available in the market are continuously concentrating on the technological advancements that will reduce the efforts and provide with accurate diagnosis of cancer. The leading companies while developing new technologies considers the factors such as increasing awareness for the use of this technology, and reaching the untapped market. North America is presumed to dominate the global market over the forecast years and Asia Pacific region shows signs of high growth owing to the booming economies of India, and China.

 

Middle East Printing Inks Market Analysis and Forecast (2020-2026) by Leading Players

 The Middle East printing inks market is estimated to reach USD 3.08 billion by 2026 growing at a CAGR of 4.5% during the forecast period, according to a new study published by Polaris Market Research. The report ‘Middle East Printing Inks Market Size By Process (Gravure, Flexographic, Lithographic, Digital), By Resin (Modified Rosin, Modified Cellulose, Acrylic, Polyurethane, Hydrocarbon, Polyamide), By Application (Packaging, Corrugated Cardboards, Folding Cartons, Tags & Labels), By Countries] Segments & Forecast, 2019 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends. In 2018, Saudi Arabia dominated the market, in terms of revenue and accounted for the majority share in the Middle East region.

 

The print industry in the Middle East region is a diverse market space and varies from country to country. With every developed or developing country’s end-use industry dynamics, demand for printing inks in the countries vary significantly every year. In terms of volume or production, Turkey was the leader last year accounting for around 40% of the industry production, which was followed by Saudi Arabia and Iran.

 

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In contrary to the recent developments or advancements, the region’s printing industry has been facing further challenges. This is owing to the fact that lack of educational institutes in the region has resulted in shortage of skilled labor. However, the situation is changing at a slow pace and investments in the educational sector has been growing.

 

The book market in the Middle East has been fueled by increasing investment in education throughout the region. Rising literacy is anticipated to positively affect the print media and print advertising adoption. However, growth in the region will be moderate and will vary across every country.

 

The industry is dominated by numerous major manufacturers of printing inks resulting into high level of competition. The industry is consolidated in nature, with majors expanding in terms of geography, product & technologies along with merger and acquisition strategies. Major business players are shifting their focus and investing in R&D to avoid volatile petroleum prices and uncertainty regarding their availability.

 

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Polaris Market Research has segmented the Middle East printing inks market on the basis of Product, Application and Region:

Resin Type Outlook (Revenue, USD Billion, 2015 – 2026)

·         Modified Rosin

·         Modified Cellulose

·         Acrylic

·         Polyurethane

·         Hydrocarbon

·         Polyamide

·         Others

Process Type Outlook (Revenue, USD Billion, 2015 – 2026)

·         Gravure

·         Flexographic

·         Lithographic

·         Digital

·         Others

Application Type Outlook (Revenue, USD Billion, 2015 – 2026)

·         Packaging

·         Corrugated cardboards

·         Folding cartons

·         Tags & Labels

·         Others

Country Outlook (Revenue, USD Billion, 2015 – 2026)

 

Middle East

o    UAE

o    Saudi Arabia

o    Egypt

o    Morocco

o    Qatar

o    Kuwait

o    Oman

o    Bahrain

o    Turkey

o    Iran

o    Rest of ME