Eyewear Market Size, Analytical Overview, Growth Factors, Demand and Trends Forecast

 According to a new study published by Polaris Market Research the worldwide eyewear market is anticipated to reach over USD 235 billion by 2026. In 2017, the spectacles segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global eyewear market.

 

The increasing rate of diseases associated with vision, along with growing ageing population majorly drives the market growth. Consumers are increasingly becoming aware of eye health, which supports market growth. The growing popularity of fashion trends, and increasing disposable income encourage consumers to purchase designer and branded eyewear. Other factors driving market growth include spending longer durations in front of computers and laptops, increasing cases of myopia, hypermetropia, & astigmatism, and changing dietary habits. New emerging markets, emerging consumer demographics, and sale through online channels would provide growth opportunities for eyewear market in the coming years.

 

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The increasing need for vision correction and growing diseases related to vision in the geriatric population drives the market growth. Consumers are increasingly spending more time in front of mobile devices for work or leisure, which leads to higher cases of vision problems. Changing dietary habits and hectic lifestyles also lead to increasing vision problems. Increasing life expectancy and associated diseases with old age such as presbyopia and cataract augment market growth. There is increasing awareness among consumers regarding eye care, which encourages them to take preventive measures, thereby boosting market growth.Sale of products through online channels has gained significant popularity over the years.

  

The trend of online shopping is gaining traction in developing economies, thereby encouraging established market players to distribute their products globally. Emerging and new players are also using online platforms for promotion and sale of products. Online distribution channels offer a global platform to market players for expansion of customer base, while reducing operation cost.

 

The growing disposable income has encouraged people to buy quality eyewear products that are in perfect amalgamation with their increasing living standards. Moreover, people are now opting for trendy and designer sunglasses according to latest trends prevailing in the market. Youth prefer to don contact lenses in an effort to accentuate their overall appearance. Thus, lofty living standards and increasing fashion consciousness, would contribute to the growth of the eyewear market, thereby positively affecting the market growth.

 

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The growing popularity of fashion trends has increased the demand for branded and luxury eyewear products. Consumers are increasingly buying spectacle frames, lenses, and sunglasses with respect to changing fashion trends. The rising standards of living, increasing disposable income, and increase in fashion conscious population drives the market for luxury eyewear products. Earlier premium eyewear products were only available at selected stores at high prices. However, with technological advancements, and mass manufacturing processes, global players are offering these products globally at affordable prices.

 

Asia-pacific is expected to grow at the highest CAGR during the forecast period. This is due to economic growth in countries such as China and India, leading to rising living standards and high disposable income. Expansion of global players into these countries to tap market potential boosts the market growth. Increasing use of mobile devices and online shopping further augments market growth.

 

The various types of eyewear include spectacles, lenses, and sunglasses. The spectacle segment is expected to lead the market during the forecast period owing to increasing defects and diseases associated with vision. Growing geriatric population and changing lifestyles support the market growth. Spectacle frames can be made using materials such as metal, plastic, and nylon. Consumers are increasing opting for lenses for vision defects as well as for cosmetic purposes.

 

The well-known companies profiled in the report include Luxottica Group S.p.A, Bausch + Lomb Inc., Johnson & Johnson Vision Care, Prada S.p.A, Safilo Group S.p.A, Fielmann AG, Cooper Companies, Inc., Essilor International S.A., GrandVision, Carl Zeiss AG, Hoya Corporation, De Rigo SpA. 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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facades Market Size, Analytical Overview, Growth Factors, Demand and Trends Forecast

 According to a new report published by Polaris Market Research the global facades market is anticipated to reach USD 376 billion by 2026. Owing to the need to bring down the cost incurred in heating and cooling down the buildings, and for achieving power efficiency, the market for facades is gaining traction. Companies these days are also using composite materials which offer strength, and flexibility and can be used to give a good appearance to the buildings. All these factors are anticipated to drive the demand for facades and the market is expected to grow with a CAGR of 7.8% during the forecast period.  

 

There has been a substantial rise in the commercial buildings development such as malls, offices, multiplexes, technology parks, hotels etc. in countries such as India, China and Brazil. These commercial buildings demand energy efficient solutions which are cost effective and can reduce the overall cost for air conditioning and heating. Construction companies are installing facades to achieve this, thus achieving large cost cutting. This has pushed the market for facades significantly.   

 

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Ventilated facades market has the largest market share owing to the factors such as heat ventilation and soundproofing. On the other hand, basic materials such as glass and aluminum are favored in the market due to availability, light weight and cost. Composite materials are also being adopted in the market and are expected to push the market during the forecast period. There has been an increasing demand in green buildings and structures and government from many countries are focusing on building these green structures. Facades are used by different construction companies to achieve these goals.

 

In the recent years, the worldwide facade market has displayed a huge development. Pushed by the rising interest for alternative energy sources through business and private infrastructure development, the market has grown at a high pace. This is attributable to the most recent technical progressions, which prompted the boost of power saving façade materials. As a result, the market is presumed to expand extensively as the infrastructure activities are seen to be developing at a vigorous pace. Asia Pacific region is anticipated to have the largest market share followed by Latin America. This is majorly due to growing economies in these regions. The market in the Middle East region is also gaining traction owing to harsh climatic conditions and large construction projects which are being carried out in this region. North America and Europe have a considerable market share owing to redevelopment projects. Implementation and adoption of smart cities and smart buildings globally has significantly pushed this market.

 

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Key Findings from the study suggest the ventilated facade market is projected to witness a huge development during the forecast period due to benefits such as energy saving and rich ambience. The commercial application segment was the dominant section in 2017, and the facade demand is expected upon to increase over the coming years. Asia Pacific is estimated to dominate the global facades market over the forecast years and North America, Europe region shows signs of growth potential. Government activities towards infrastructure advancement and the ascent in development of business properties over the globe has supplemented to the development of the façade market.

 

Precision Farming Market Size, Analytical Overview, Growth Factors, Demand and Trends Forecast

 The global precision agriculture market is anticipated to reach over USD 13,016 million by 2026, According to a new study published by Polaris Market Research. In 2017, the yield monitoring application dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global market revenue during the forecast period.

 

There has been an increasing adoption of precision farming across the world owing to growing agricultural industry, and high-demand for food crops. The global precision farming market is driven by the increasing need to improve the quality of crops produced, maximizing crop production, and enhanced crop monitoring. Technological advancement along with government subsidies further boosts the market growth. However, high initial investment and lack of awareness limit the precision farming market growth.

 

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North America generated the highest revenue in the precision agriculture market in 2017, and is expected to lead the global market throughout the forecast period. This is due to high cost of labor, and presence of large farmlands in the North American region. Increasing investments and subsidies in the agriculture sector by governments boost the precision farming market growth during the forecast period in the region. Increasing need to improve food quality and productivity along with increased industrialization of farming equipment further supplements market growth.

  

Various applications of precision farming include irrigation management, crop scouting, yield monitoring, weather tracking and forecasting, field mapping, inventory management, and farm labor management. In 2017, yield monitoring accounted for the largest share in the global market, and was estimated at $1,974 million in 2017, registering a CAGR of 13.2% during the forecast period. This is attributable to the benefits offered by yield monitoring such as reduced cost, improved yields, and enhanced decision making. Yield monitoring is further divided into on-farm yield monitoring, and off-farm yield monitoring.

 

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The well-known companies profiled in the report include Ag Leader Technology, AGCO Corporation, Deere and Company, Topcon Corporation, Trimble, Inc., The Climate Corporation, Farmers Edge Inc., and AgJunction, 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.

 

Quality Management Software Market Technological Advancement & Growth Analysis with Forecast to 2026

 According to a new report on Quality Management Software (QMS) Market published by Polaris Market Research, the global market is anticipated to reach 15.48 USD billion by 2026 with a CAGR of 9.7% during the forecast period.

 

QMS is used to replace the paper based systems with automated quality management systems that follows stringent regulations and quality standards. This improves the product quality, increase the efficiency and satisfy the customer demands. QMS is anticipated to witness a remarkable growth owing to the standards and regulations compliance. The key factor that boosts QMS market is the solutions and systems used to ensure the high quality products and processes.

 

QMS reduces the risk of quality process failures and lower costs for large number of clients across a range of industries. QMS offers various features such as track deviations, improves non-conformances, improves safety and other features. Adoption of QMS can help the organization to improve their performance and overall competitiveness..

 

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Owing to the strict regulations, embedded business models and complex procedures, in the manufacturing, transportation & logistics sector, the implementation of QMS has increased. These regulatory implications are another major driving factor for the market. The demand for QMS is driven by the consumer goods & retail segment which facilitates the user by delivering high quality products at a cheap price which meets the customer satisfaction.

  

QMS offers different solutions which include complaint handling, audit management, change management, as well as document control. The factor that trigger the growth of QMS is document control which ensures secure documents and offers a repository for all documentation that makes search and retrieval a very easy task. Another rising factor that boosts the market growth of QMS is cloud-based deployment which offers flexibility, scalability, and optimized processes. Due to the recent advancements in the technology most of the companies are switching to cloud based services.

 

Key Findings from the study suggest that North America is the major region for the quality management software in 2017. The quality management software is dominated by the segments such as non-conformance/ corrective & preventive solutions. The complaint handing market is expected to emerge as the key segment over the forecast period.

 

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Developing economies of Asia Pacific drive the demand of QMS with application in industries such as manufacturing, transportation & logistics. Change management is also one of the key reason that gain traction in Asia-Pacific market. Another rising factor that boosts the market growth of QMS is cloud-based deployment which offers flexibility, scalability, and optimized processes. Due to the recent advancements in the technology most of the companies are switching to cloud based services.

 

Key players for QMS in the market are Aras Corporation, Dassault Systems SE, Hewlett-Packard Enterprise Co., MasterControl, Inc., Microsoft Corporation, Oracle Corporation, Parasoft Corporation, PSC Biotech Corp., SAP SE, Siemens AG, and Sparta Systems.

 

High Performance Composites Market Growth, Competitive Analysis, Future Prospects and Forecast 2026

 The global High-Performance Composites Market size is anticipated to reach $42.18 billion by 2026, growing at a CAGR of 7.3% during the forecast period, according to a report published by Polaris Market Research.

The high-performance composites market is primarily driven by the tremendously growing demand from a wide range of end-use applications. Considerable growth of the commercial aircraft manufacturing segment has crucially boosted the demand of high-performance composites. One another potential driver for the market includes utilization of these composites in the manufacturing of wind turbines and pressure vessels.

 

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The market is also subjected to some restraints including comparatively high production cost and labour-intensive operations. These restraints are anticipated to substantially affect the market in terms of volume especially during price sensitivity. High-performance composites are extensively used in the automobile sector, which is significantly a major goal for the carbon-fibre industry, however, the use of these composites in the production of motor vehicles has just reached an optimum level.

  

Aerospace industry has also been witnessed to be one of the most developed application segments for the market. This is due to the innovative mechanical properties, versatility, and most significantly the cost-effectiveness associated with these composite materials. Among the fibre-type, S-glass category includes the least cost and is also expected to witness a considerable growth in demand on account of crucial opportunities in aerospace, pressure vessels, wind energy, and manufacturing industry.

 

Commercial aerospace applications are the largest consumption sources for these products. These composites include a very high potential to meet the safety and power needs. Initially, boron-based graphite materials were used in the manufacturing of defence aircrafts wherein these are currently consumed in the manufacturing of commercial aircrafts only. High-performance composites are extensively used in automobile sector as these help in making the vehicles cleaner, lighter, safer and significantly cost-effective.

 

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The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global High-Performance Composites Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC and South America, and MEA. North America is further segmented into U.S., Canada. Europe is divided into Germany, UK, Italy, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.

 

Competitive Landscape and Key Vendors

The global high-performance composite market constitutes numerous international and domestic players and is fairly concentrated. North America was the largest regional player in 2017. The U.S. has majorly contributed to the demand in the region for these high-performance composites and accounts for a maximum overall share concerning production & consumption especially in aerospace & defence industry. The automobile and construction industries are also potentially large application growth prospects for the market.

 

Some of the leading market plyers in the industry include BASF SE, Albany International Corporation, Teijin Ltd., Arkema SA, Owens Corning Corporation, Solvay S.A., TPI Composites, Inc., Hexcel Corporation, Koninklijke Ten Cate BV, Toray Industries Inc, and SLG Group – the Carbon Company.

 

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5G Chipset Market Size Historical Growth, Analysis, Opportunities and Forecast To 2027

 The global 5G Chipset market size is expected to reach USD 28.79 billion by 2027 according to a new study by Polaris Market Research. 5G Chipset is a set of integrated circuits and its implementation is dependent upon several components & specifications. The telecom service providers are switching to 5G cellular networks which is highly depends on denser arrays of short sized antennas that offer ultra-high data speeds. Surge in usage of digital devices, in which mobile devices is being the preferred device through which customers can consume online media including audio and video streaming, file sharing applications, among others. However, it has been a compelling factor to adopt 5G technology for higher consistency & lower latency in comparison to the previous technologies in the market.

 

Furthermore, the outbreak of COVID-19 has dramatically changed the prospects of the demand for 5G chipset in the market. In addition, several industrial verticals have jolted globally resulting in a significant slowdown of production and therefore, incorporating of 5G chipset & its demand has impacted in the market.

 

In 2019, the Sub-6 GHz segment accounted for the highest market share. The growing need for fast data networks capable of delivering higher bandwidth supports the growth of this segment. Increasing investments in development of 5G networks, along with technological advancement in telecommunication industry is expected to drive market growth during the forecast period. The increasing implementation of industrial internet of things, smart homes, and autonomous vehicles further supplement the growth of this segment.

 

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The end-users of 5G Chipset include healthcare, manufacturing, it and telecom, retail, automotive and transportation, consumer electronics, energy and utilities, and others. The consumer electronics segment accounted for a significant share in 2019 owing to growing adoption of smart phones and other mobile devices, rising disposable income, and introduction of low-cost smartphones. The demand from the automotive sector is expected to increase during the forecast period. Increasing development of connected cars, and investments in research and development of smart and self-driving cars boosts the market growth. Use of 5G and IoT in transportation sector for fleet management, parking management, logistics management, and automotive analytics result in improved traffic management, optimized fuel usage, and efficient travel routes.

 

The demand for application-specific integrated circuits is expected to be high during the forecast period. The increasing adoption of 5G chipsets enables businesses to connect devices to the internet at a growing pace. Large amounts of data generation coupled with analytics capabilities is expected to generate insights and automate processes at workplaces and businesses, driving the growth of this segment. The adoption of 5G chipsets would provide a more connected and smarter world, enabling high speed data services, increased productivity, and improved overall efficiency. These circuits enable collaboration between connected industrial ecosystems, humans, and machines leading to greater productivity and more engaging work experiences.

 

Asia-Pacific accounted for a significant share of the global 5G chipset market in 2019. The rising adoption of smart technologies, IoT, automation, and artificial intelligence across industries such as retail, healthcare, transportation, and manufacturing boost the market growth in Asia-Pacific. Growing population, rising penetration of mobile device, and integration of smart technologies for increased operational efficiency supports market growth. There have been have significant investments in development of 5G enabled networks to support the emerging industries such as telecommunication, automotive, and energy & utilities in the region.

 

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Increased demand for smart manufacturing & adoption of 5G chipset components mainly in emerging economies such as China, Japan, and India are fueling the market growth over the forecast period. Moreover, the development of the manufacturing industry in order to enhance the overall productivity and automating their production lines by deploying various digitalization solutions. Therefore, the demand for 5G chipset in the manufacturing processes are becoming major growth factor over the forecast period.

 

Some of the major market participants include Texas Instruments Inc., Cavium Inc., Anokiwave Inc., Samsung Electronics Co., Ltd., IBM Corporation, Infineon Technologies AG, Nokia Corporation, Huawei Technologies Co. Ltd., MediaTek Inc., Xilinx Inc., Broadcom Inc., Qualcomm Incorporated, Qorvo, Inc., Unisoc Communications, Inc., Integrated Device Technology, Intel Corporation, Renesas Electronics Corporation, NXP Semiconductors NV, and Analog Devices Inc.

 

Key players in the market are focusing on launching new products & developing existing offering and have adopted various strategies to expand their foothold in the market. For instance, Nokia and Broadcom has collaborated on the development of silicon technology processor by expanding range of 5G ReefShark chipsets portfolio. Power consumption is also reduced in ReefShark chipsets. Recently, Taiwanese based chipmaker MediaTek Inc. launched Dimensity 720 5G chipset fully integrated into 7 nm SoCs (system-on-chips) for premium 5G experience for mid-range smartphones while supports both standalone and non-standalone sub-6GHz networks. Owing to technological advancements, and growing need to improve secure communication, companies operating in the market are collaborating in order to retain the customers and gain market share. Broadening of product portfolio is another trend that is visible in the industry.

 

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Industrial Microwave Heating Market Size, Analytical Overview, Growth Factors, Demand and Trends Forecast

 The global Industrial Microwave Heating Equipment Market size is expected to reach USD 1.57 billion by 2027 according to a new study by Polaris Market Research The market is expected to grow at a substantial rate over the forecast period. Government regulations aimed at reducing energy usage, efforts taken by companies to achieve sustainable goals, coupled with rising industrialization across the globe especially in Asia Pacific region is expected to benefit the overall industry growth. Inherent advantages of industrial microwave heating systems such as low energy requirement, better control over the process and ability to offer customized services have resulted in wide applicability of these systems in a spectrum of end-use industries thus further driving the market growth.

 

The market is characterized by frequent mergers, acquisition, as well as other strategic initiatives by leading market participants. In August 2020, Meyer Burger Technology, a Swiss based conglomerate sold its subsidiary business Muegge, to Germany based equity firm HQ Equita. Muegge is involved in providing industrial microwave heating systems in addition to plasma equipment to a host of application industries.

 

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Industrial Microwave Heating Equipment is finding widespread applications in food & beverage industry and is used for microwave food drying, pasteurization, sterilization, tempering, heating, among others. The usage of microwave equipment ensure that all these processes are ensured with high efficiency, retention of original nutritional content, and in less cost. This scenario is further driving the penetration of these equipment in the food & beverage industry. This trend has resulted in a rise in demand for industrial microwave heating equipment for applications in food & beverage industries thus resulting in overall market growth.

 

China occupies a majority of market share in the Asia Pacific region. The country is highly industrialized and has emerged as a major manufacturing hub in the world. These trends have benefitted the overall market growth. The country effectively curbed the coronavirus outbreak and hence, did not suffer as much as other European countries. This ensured that the manufacturing in the country to be operational, thus benefitting the overall market growth.

 

Industries, in the recent past paid special attention to development and modification of Industrial Microwave Heating Equipment technology to exactly match the process needs of their clients. Different application needs have different process requirements and it is imperative that these heating systems have the ability to modify parameters such as Working Frequency, Working Temperature, Working Temperature, Control Method, Conveyor Speed, Drying Temperature, among others. Continuous R&D has enabled participants to achieve the same and this trend is a major contributor to the generalization of Industrial Microwave Heating Equipment in various application industries.

 

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Some of the key market participants that operate in the industry include Hitachi Power Solutions Co., Ltd., Muegge GmbH, Teledyne e2v Limited, Industrial Microwave Systems Ltd., CoberMuegge LLC, Communications & Power Industries LLC (CPI), L3 Technologies, Inc., Richardson Electronics, Ltd., MDP Components, STT International Limited, Panasonic Corporation, and Toshiba International Corporation among others

 

Mining Equipment Market Size, Analytical Overview, Growth Factors, Demand and Trends Forecast

 The global Mining Equipment Market is anticipated to reach USD 121.4 million by 2026 according to a new research published by Polaris Market Research. In 2017, the surface mining equipment segment dominated the global market, in terms of revenue. In 2017, Asia-Pacific accounted for the majority share in the global mining equipment market.

 

The rapid growth in the demand for metals and minerals majorly drives the growth of this market. Growing usage of resources such as coal and petroleum supports the market growth. The decreasing ore grades further accelerates the adoption of mining equipment. However, high initial investment costs associated with mining equipment, and strict government regulations limit the growth of the market. New emerging markets, and technological advancements would provide growth opportunities for mining equipment market in the coming years.

 

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Asia-Pacific accounted for the highest share in the global mining equipment market during the forecast period. A significant growth in the emerging economies of China, Japan, India, and Australia among others drives the growth in this region. Increasing demand for petroleum and coal resources in the region, along with rising industrialization in developing countries of this region augment the market growth in the region. Leading global players are expanding their presence in developing nations of India, Indonesia, and Malaysia to tap the growth opportunities offered by these countries.

 

The various applications of mining equipment include metal mining, mineral mining, coal mining, and others. The metal mining equipment segment is expected to lead the mining equipment market during the forecast period owing to increasing demand from emerging economies. The increasing demand for metals such as silver, gold, platinum, and copper for various applications has increased the demand of mining equipment in this application. Use of precious metals such as gold and platinum in jewelry and ornaments has supported the growth of the market.  

 

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The well-known companies profiled in the global mining equipment market report include Komatsu Ltd., Caterpillar Inc., Hitachi Ltd., AB Volvo, Liebherr Group, Caterpillar Inc., Atlas Copco AB, China Coal Technology and Engineering Group Corp., Joy Global Inc., Metso Corporation, Sandvik AB, and Northern Heavy Industries Group Co. Ltd 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.

Halal Food Market Size, Analytical Overview, Growth Factors, Demand and Trends Forecast

 The global Halal Food Market is anticipated to reach USD 922.53 billion by 2026 according to a new study published by Polaris Market Research.

 

The Halal Food market growth is primarily due to increase in Muslim populations and their rising annual spending on food. This has created a surge in demand for halal food & beverage products. Increasing demand has also compelled market players to engage in authentic and branded products. Presently, consumers are exhibiting growing interest in halal industry. This is primarily due to the increasing consumer awareness about the nutritional and hygiene advantages, and improving lifestyles as a result of increasing disposable income. These products being processed and packed with much higher regulatory compliance compared conventional food products are gaining significantly popularity. Basically, they do not contain contents or ingredients that are against Islamic beliefs.

 

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Some of the leading industry participants in the Halal Food market include Cleone Foods, Prima Agri-Products, Cargill, Kawan Foods, Janan Meat, Saffron Road Food, Dagang Halal, QL Foods, Al Islami Foods and Nestle.

 

Halal foods are expected to be produced, packaged, stored, and distributed as per Islamic teachings. Moreover, these products are considered to be safe, clean, and highly nutritional. The significant growth in Muslim populations across the globe is expected to offer immense opportunities to Halal Food market. In addition, the rapidly accelerating economic power of Islamic countries is anticipated to largely influence them to spend additional money on the branded products.

 

The growing issues over the absence of proper regulatory framework to assure the authenticity of these products might be a restraint to the commercially produced halal food. The industry can be considered as a fragmented one and the absence of standardized regularizations has repressed the mainstream F&B participants from venturing this section of the worldwide Halal Food market. However, the number of small scale companies meeting the needs of the local populations has been increasing significantly.

 

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Low level of awareness about the presence of authentic halal food brands is acting as a challenge to the industry. As a consequence, the industry is not experiencing demands to its full potential as expected. Moreover, halal authentic issues within the sector are considered quiet minor among consumer. Thus, this requires manufacturers to improve their marketing strategies and production facilities. Furthermore, it becomes difficult to understand consumer perspective about halal food & beverage brands.

The Asia Pacific Halal Food market is anticipated to dominate the global market by 2026, owing to the presence of emerging nations such as India, Indonesia, Malaysia, Bangladesh, Maldives, and Pakistan. These nations have significant population that follows Islamic beliefs. Moreover, the rising economic conditions in the region provides an opportunity for the foreign players to start of their production facilities, thus offering cost effective products the consumers in the region.

 

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Activated Carbon Market Size, Analytical Overview, Growth Factors, Demand and Trends Forecast

 According to a new study published by Polaris Market Research the global Activated Carbon Market is anticipated to reach USD 13.44 billion by 2026.

 

Activated carbon is a widely used adsorbent and a major component in industrial processes. Composed of homogenous and micro porous structures along with higher surface areas it shows immense stability for radiation. Stringent regulatory framework mainly in the U.S. and China markets are expected to drive the activated carbon market growth. In these markets, along with other industrially developing countries, stringent regulatory framework have reflected rising emphasis on removal of mercury. This in contrast stringent regulatory framework and stepped up enforcements have stem them from efforts to fight water and air pollution caused due to rapid industrialization.

 

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Increasing manufacturing activities in several industrializing countries have also added to product demand for the activated carbon market. Globally developing and increasing output from the pharmaceuticals and chemicals sector have also augmented for higher product demand due to increasing need of activated carbon for purifying feed water and several other components during manufacturing processes. Yearly increasing production of vehicles are supporting demand for activated carbon, owing to the fact that developing and even developed countries implement rigorous standards for emission from motor vehicles, thus creating the need for larger activated carbon based canisters.

 

Activated carbon injection technology has gained immense popularity as a primary technology for mercury removal mainly in coal-fired power plants, solid waste incinerators, cement plants and industrial boilers. Several European countries and Canada has also framed mercury emission standards, however these are not as stringent as that of in the U.S. Disinfection byproduct limit for water used for consumption is also projected to drive product demand for activated carbon market over the forecast period. This is however a mature application in most of the developed countries, but for the emerging nation especially for the Asia pacific region it is a promising end-use segment.

 

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The process for manufacturing of high performance activated carbons do not comply with the regulatory schemes of every developed nation and hence import or export of the products is a tedious task. Regenerated activated carbons do not retain efficiency to its full potential and increasing availability of effective yet inexpensive alternatives for activated carbon is a serious threat to the industry growth.

 

North America activated carbon market was the leading region in 2017. The U.S. Environment Protection Agency framed new forces of air and mercury toxic standards last year. These regulations require significant reductions for removal of mercury emitted from industrial processes. Stringent regulations for emission control in the country are the main reason that will increase demand for the product over the forecast period. Asia Pacific activated carbon market is anticipated to be the fastest growing market by 2026. China is the leading market in the region and implementation of their new five year plan for cutting down emission will drive product the activated carbon market demand over the forecast period.

 

Some of the leading industry participants in the activated carbon market include Oxbow Activated Carbon LLC, Prominent Systems Inc. , Silcarbon Aktivkohle GmbH , Donau Carbon GmbH , Kureha Corporation , Haycarb PLC  , Kuraray Co. Ltd , Calgon Carbon Corporation , Cabot Corporation  and Osaka Gas Co., Ltd.

 

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Automotive Suspension Market Size, Analytical Overview, Growth Factors, Demand and Trends Forecast

 The worldwide Automotive Suspension Market is anticipated to reach USD 127.6 billion by 2026 according to a new study published by Polaris Market Research. In 2017, the passenger cars segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global automotive suspension market.

 

The increasing need to offer high quality driving experience along with enhanced comfort and safety drives the automotive suspension market growth. The increasing production of motor vehicles across the world, and growing popularity of luxury automobiles boosts the adoption of automotive suspension.  The growing safety concerns have encouraged market players to integrate advanced automotive suspension systems in vehicles to improve the overall driving experience. Factors such as technological advancements, and use of light-weight material for suspension systems would fuel the automotive suspension market growth during the forecast period. New emerging markets, increasing demand of automobiles, and growing safety concerns are factors expected to influence the market in the coming years.

 

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Asia-Pacific is expected to lead the global automotive suspension market during the forecast period. Significant investment by market players to improve driving experience coupled with favorable regulations regarding transportation safety drive the growth of Automotive Suspension market in this region. Technological advancement and introduction of advanced automotive suspension systems by the market players has increased the acceptance of automotive suspension systems in the region. The rising demand for luxury vehicles, and economic growth in countries such as China and India boost the market growth in the region. Expansion of global players into these countries to tap market potential boosts the market growth.

 

The key players operating in the automotive suspension market include Multimatic Inc., Continental AG, Tenneco Inc., ZF TRW, Hendrickson USA, L.L.C, Thyssenkrupp AG, Magneti Marelli S.p.A, Sogefi SpA, WABCO Holdings Inc., and NHK Spring Co., Ltd. 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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