Alkyl Polyglucoside Market 2021 | Size, Demand, Opportunities & Forecast

 The global alkyl polyglucoside market size is expected to reach USD 1,844.4 million by 2027 according to a new study by Polaris Market Research. The report “Alkyl Polyglucoside Market Share, Size, Trends, Industry Analysis Report, By Product (Coco, Lauryl, Decyl, Capryl); By Functionality (Cleansing Agent, Emulsifying Agent, Wetting Agent, Degreasing Agent, Solubilizing Agent, Hydrotope, Foaming Agent); By Application; By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Alkyl polyglucosides are non-ionic surfactants that are produced from vegetable oils. They are bio-degradable and used in a variety of applications such as cosmetics and industrial. They are typically derived from glucose and fatty alcohols. Alkyl polyglucosides are largely used to enhance foam formation in detergents. Consumer awareness is growing, wherein they need to know the ingredients present in the products, as a result, in reference to surfactants, this is an opportunity for the formulators and manufacturers to make a compelling case for themselves and the products. The sulfate-free shampoo product segment is well-established and populated by companies such as L’Oreal which evidently shows that the demand for green products is increasing.

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Key companies involved in the manufacturing of alkyl polyglucosides are largely focusing on expanding their production capacities to cater to the growing demand across the globe. In addition, alkyl polyglucosides have replaced petroleum-based surfactants in several end-use applications, thus creating gaps in the supply and demand equation. Participants involved in the production of alkyl polyglucosides are focusing on setting up production plants at strategic locations to enhance their sales output. For instance, BASF is expanded their alkyl polyglucoside production capacity by initiating two production expansion projects in Jinshan (China) and Cincinnati (Ohio).

Market participants include Croda International PLC, BASF SE, Huntsman Corporation, Dow Chemical Company, Akzo Nobel NV, SEPPIC S.A., LG Household & Health Care Ltd., Galaxy Surfactants, Pilot Chemical Company, and Shanghai Fine Chemical Co Ltd. In September 2019, BASF showcased new data and proof of concept for the alkyl polyglucosides as a natural thickening agent. These formulations would be used in the company’s body wash and shampoo segments.

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Polaris Market Research has segmented the alkyl polyglucoside market report on the basis of product, functionality, application, and region

Alkyl Polyglucoside, Product Outlook (Revenue – USD Million, 2016 – 2027)

• Coco
• Lauryl
• Decyl
• Capryl
• Others

Alkyl Polyglucoside, Functionality Outlook (Revenue – USD Million, 2016 – 2027)

• Cleansing Agent
• Emulsifying Agent
• Wetting Agent
• Degreasing Agent
• Solubilizing Agent
• Hydrotope
• Foaming Agent
• Others

Alkyl Polyglucoside, Application Outlook (Revenue – USD Million, 2016 – 2027)

• Homecare
• Surface Cleaners
• Dishwashing Detergent
• Laundry Detergents
• Others
• Personal Care
• Bath Products
• Cleansers & Wipes
• Oral Care
• Others
• Industrial & Institutional Cleaners
• Agricultural Chemicals
• Oil Fields
• Admixtures for Cement, Concrete & Plaster
• Others

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Field Device Management (FDM) Market Size Strong Revenue and Competitive Outlook

 The global field device management (FDM) market size is expected to reach USD 1,700.1 Million by 2026 according to a new study by Polaris Market Research. The report “Field Device Management (FDM) Market Share, Size, Trends, Industry Analysis Report By Component (Hardware, Software); By Deployment (Cloud, On-premises); By Communication Protocol; By Application (Oil & Gas, Energy & Power, Chemicals, Pharmaceuticals, Metals & Mining, Water & Wastewater, Automotive, Manufacturing); By Regions, Segment Forecast, 2019 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Due to developments in hardware technologies, demand is increasing in the global device management market. In terms of market growth, the need to manage all peripheral devices within a company has played a vital role. Timely improvements in device configuration are a major requirement in all major industries. In addition, industrial units and plants require a high degree of flexibility and adaptation within their devices. Therefore, the global industry for FDM in the following years is projected to generate huge revenues.

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In 2018, the global market was dominated by FDM software, which has the highest share and will be expected to increase at a significant growth rate during the forecast period. The growth of the segment depends primarily on the increasing use in different industries of automation technology, Industry 4.0, and the IoT. Software for field device management can be used to carry out preventive maintenance and management tasks. The tools help the classification and management of collected information such as inspection notes, inspection timetables and system configuration information.

In addition, software solutions for field device management provide remote access to smart devices and machine data that can be used to prevent predictive maintenance. These benefits help to make high use of the software for managing filed devices and thus promote market growth.

  

North America has the largest market share of nearly 35 per cent of the overall worldwide revenue in the field of device management. In the high-market size of field device management systems in this area, North America, in particular, plays a key role. With a technological boom in the industrial environment, the adoption of field device management systems is growing fast in the United States. In addition, the majority of companies in this market operate in the United States and have a large client base in local and international markets, which contributes in large part to the existing volume of the market in this regional segment.

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The demand for FDM solutions for the nonstop monitoring of processes and machinery of these industries is driven by development in industries such as power, electricity, oil & gas and chemical products in the Asia-pacific region. Furthermore, the growth rates in this region of field device management systems also increase the expansion of international players.

Some of the key players in the market are Schneider Electric SE, Honeywell International Inc., Siemens AG, ABB Group, Emerson, Rockwell Automation, Mitsubishi Electric, Hach, Omron Corporation, Metso Oyj, FANUC Corporation, Yokogawa, Hamilton Company, Valmet Oyj, Phoenix Contact,  Endress+Hauser, Festo, Azbil Corporation, Weidmüller and Omega Engineering among others.

Aircraft Health Monitoring Systems Market 2021 | Size, Demand, Opportunities & Forecast

The global aircraft health monitoring system market size is anticipated to reach USD 7.55 billion by 2026, according to a new research published by Polaris Market Research. In 2017, the hardware segment dominated the global aircraft health monitoring system (AHMS) industry, in terms of revenue. North America accounted for the majority share in the global market in 2017.

 

The increasing government regulations regarding safety, along with growing instances of aviation accidents majorly drive the market growth. The increasing volume of air traffic and rising safety concerns, especially from the defense sector, have increased the demand for real-time fault management, predictive maintenance, performance monitoring, thereby supporting the growth of Aircraft health monitoring system industry. Other factors driving the market growth include growing adoption of connected aircraft solutions, growing need of automation and reduction in operation costs, technological advancements, and increasing adoption of IOT. New emerging markets, upgradation and replacement of old aircraft with new generation aircrafts, and significant investments in research and development would provide numerous growth opportunities in the aircraft health monitoring system industry during the forecast period.

 

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The well-known companies profiled in the aircraft health monitoring systems report include Rolls-Royce plc, Airbus S.A.S., Rockwell Collins, Ultra Electronics Holdings PLC, Boeing Company, Honeywell International Inc., General Electric Company, RSL Electronics Ltd., Meggitt PLC, and Lufthansa Technik. 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.

 

 

The aircraft health monitoring system is a collection of various tools and techniques which work together to monitor the lifecycle of the aircraft parts. This technology is also able to predict when a particular part or process might fail. Over-heating of engines, high vibrations, low oil pressure, hard landings are some examples of situations that require investigation and attendance. The technology enables proactive maintenance of the aircraft along with its engine and other intricate parts.

 

North America is expected to dominate the global Aircraft health monitoring system market during the forecast period. This is due to rising number of commercial aircrafts and increasing air traffic in the region. Increasing safety concerns, and growing demand for safe travel experience boosts the aircraft health monitoring system industry growth in the region. Presence of global players in this region taps market potential and boosts the market growth. Increasing technological advancements and significant investments in research and development for development of advanced aircraft health monitoring solutions support the market growth in this region. The government regulations regarding aircraft safety, increasing adoption of connected aircraft solutions, and upgradation of old aircrafts further supports aircraft health monitoring solutions market growth.

 

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Multiparameter Patient monitoring Market Business Growth Statistics and Key Players Insights

 The global multiparameter patient monitoring market size was earmarked at USD 4,016.0 million by 2026 and is expected to grow at 4.2% CAGR during forecast period according to a study published by Polaris Market Research. 

The prevalence of chronic diseases such as cancer and diabetes in developed and developing regions was prime driver to growth of multiparameter patient monitoring system. Figures of roughly 18 million new cancer-stricken cases in 2018 have been diagnosed. Furthermore, endocrine diseases such as diabetes and hyperthyroidism have been infecting people in emerging economies that lead to chronic conditions requiring governance of vital parameters. Geriatric population is also liable to succumb to diseases such as cancer and diabetes and that portends favorable factors for market growth.

Emerging economies such as India and China are having deep know how of technologically advanced monitoring devices that boosts industry growth in near future. Furthermore, Government has initiated many steps to bring about awareness among doctors relating to efficacy of devices that helps speedy recovery of patients.

Developing economies do not adhere to high market-price because of price-sensitivity; thus reviving growth in market. Howsoever a stringent regulatory scenario may lower growth in market for the devices.

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Portable monitors have made life easy for patients and doctors as well, by helping monitor patient recovery more accurately. The monitors can be set up at home or in hospital. These are driving factors for multiparameter patient monitoring devices market.

Fixed patient recovery monitor segment will respond to high growth to order of 4%. Players such as GE Healthcare and Medtronic possess high-caliber instruments that enable accuracy on various parameters such as ECG, IBP and many more.

The high acuity monitor system will remain adopted at hospitals and clinics because of its integration with advanced technology. Low acuity monitor system will also scale market highs with low cost of device attributed for the good performance.   

Geriatric population has found upbeat market figures in multiparameter patient monitoring market with elderly and convalescing patients finding it difficult to ward off the onset of chronic diseases; hence requiring monitoring at every step. This boosts market very convincingly.

North America currently dominates market with high awareness and a positive regulatory scenario working in its favor. Favorable market dynamics that makes available superior quality monitors impacts industry growth favorably.

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India also posts encouraging figures for mutiparameter devices market that has high demand in intensive care units. The elderly population suffering from chronic disease will add impetus to substantial market growth.

Erectile Dysfunction Drugs Market Size Historical Growth, Analysis, Opportunities and Forecast

According to a new study published by Polaris Market Research the global erectile dysfunction drugs market is anticipated to reach USD 2.63 billion by 2025. Impotence, also known as erectile dysfunction is the condition of sexual dysfunction where, during the sexual intercourse, men cannot maintain the erection. According to World Health Organization statement, for the emotional, physical and wellbeing of the individual, and to the economic and social development of countries and communities, sexual health is a fundamental thing. Erectile dysfunction affects the quality of life for both partners and patients and is connected with relationship difficulties.

 

Erectile dysfunction is generally an age-related condition but can also be triggered by psychological factors. Cardiovascular diseases such as high blood pressure, clogged arteries etc., diabetes, hormonal insufficiency, chronic kidney disease, multiple sclerosis, injury to the penis, bladder, and pelvis, and neurological issues are the common factor which can cause erectile dysfunction. Moreover, sedentary lifestyle, smoking, excessive alcohol intake, obesity and consumption of drugs such as, antihypertensive drugs, antidepressant, recreational drugs, and psychotropic drugs are some other factors which are significantly contributing towards erectile dysfunction. Exercise, pharmacotherapy, well balanced and maintain lifestyle, penis implants, erection devices, and injections into penis are current treatment available to cure erectile dysfunction. Currently, oral PDE5 (phosphodiesterase type 5 inhibitors) is the first line drug therapy prescribed by physicians for erectile dysfunction.

 

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The availability of oral drugs globally, and rising awareness about erectile dysfunction and sexual diseases is resulting in significant adoption of treatment globally. Moreover, rising number of referrals to secondary care and primary care consultations is expected to propel the growth of erectile dysfunctions drugs market over the forecast period. The increasing elderly population and high rate of chronic diseases such as kidney failure, diabetes, hypertension, hormonal imbalance, and neurological disorders are increasing demand for erectile dysfunction drugs globally.

  

The global erectile dysfunction drugs market is segmented on the basis of drug type, dosage form, end user, and geographically. On the basis of drug type, the global erectile dysfunction market is further segmented into Testosterone, Phosphodiestarse – 5 Inhibitors (PDE5I), Alprostadil, and others. Testosterone is hormone. The lack of testosterone hormone cause impotence or erectile dysfunction, and in such conditions, testosterone hormones are prescribed to the patient to balance the hormone in the body. The Phosphodiestarse – 5 Inhibitors is the drug used to control or block the degenerative action of c-GMP specific phosphodiesterase type 5 (PDE5) on cyclic GMP. The Sildenafil, Vardenafil, Tadalafil, Avanafil, Udenafil are the few examples of Phosphodiestarse – 5 Inhibitors. The Phosphodiestarse – 5 Inhibitors drugs are most commonly prescribed drugs to treat erectile dysfunction and hence accounted major share in global erectile dysfunction drugs market.

 

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The high effectiveness and efficacy of Phosphodiestarse – 5 Inhibitors are the major factors contributing towards the large share in the global erectile dysfunction market. The introduction of long effective pills such as Levitra (vardenafil) and Cialis (tadalafil) are effective for 36 hours and hence they are also know as weekend pill. Moreover, the increasing research and development and various drugs for erectile dysfunction are in various stages of pipeline. The introduction of such blockbuster drugs in the market over the forecast period is expected to propel the growth of erectile dysfunction market globally.

 

By dosage form, the global erectile dysfunction drugs market is further sub segmented into topical, oral, injections and others. The oral segment accounted major share in global erectile dysfunction drugs market. The oral drugs are more convenient to handle the dose, and hence it is highly preferable dosage form. The injections segment is expected to grow at high CAGR over the forecast period.

 

Amines Market by Trends, Key Players, Driver, Segmentation, Forecast to 2026

The global Amines Market size is anticipated to reach over USD 33.3 billion by 2026, according to a new study published by Polaris Market Research. In 2017, the personal care segment dominated the global amines industry, in terms of revenue. Asia-Pacific was the leading contributor to the global market revenue in 2017.

 

The use of amines in wide applications such as personal care, crop protection chemicals, paints and coatings, surfactants, and beauty products majorly drives the growth of the market. Growing awareness regarding personal care and increasing disposable income, especially in developing regions, is boosting the overall amines industry growth. Increasing demand of amines from pharmaceutical, and construction sectors among others augment the growth of amines industry. Technological advancements and increasing applications in healthcare, pharmaceuticals and water treatment sectors would provide growth opportunities to the amines industry during the forecast period. New emerging markets, emerging consumer demographics, and technological advancements would accelerate the growth of this market in the coming years.

 

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The personal care segment is expected to lead the market during the forecast period owing to wide applications in the industry. Amines are used in various personal care products, such as soaps, shaving creams, hand lotions, body washes, shampoos, laundry detergents, cosmetics, cosmetic creams, fragrances, and hair dyes, among others. Increasing disposable income and rising awareness regarding personal hygiene boosts the growth of this segment. Growing demand from emerging economies, and growth of e-commerce platforms are factors expected to provide numerous growth opportunities in the coming years.

  

Asia-pacific is expected to lead the global amines industry during the forecast period. A significant rise in the population has been registered over the past few years, boosting the growth of the amines industry. Increasing awareness regarding personal care and hygiene, and rising disposable incomes in developing countries of this region augments the market growth in the region. Increasing application of amines in healthcare and pharmaceutical also supports amines market growth in this region. Use of amines in agriculture, construction, and water treatment further increases the demand of amines in Asia-Pacific. Leading global players are expanding their presence in developing nations of China, Japan, India, Indonesia, and Malaysia to tap the growth opportunities offered by these countries.

 

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The well-known companies profiled in the amines market report include Clariant International Ltd., Mitsubishi Gas Chemical Company, Inc., Solvay S.A., DowDuPont, BASF SE, Air Products and Chemicals Inc., Arkema S.A., Huntsman Corporation, Sinopec Corporation, and Akzo Nobel N.V. 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.

 

Biochar Market by Trends, Key Players, Driver, Segmentation, Forecast to 2026

 The global biochar market is estimated to reach USD 3.23 billion by 2026 growing at a CAGR of 9.1% during the forecast period, according to a new study published by Polaris Market Research Biochar, a carbon rich product or a pyrogenic black carbon that has been attracting significant attention in both academic and political arenas. Much of the product’s attention is owing to its potential to mitigate the climate change, offer food security along with offering a solution for organic waste management.

Product application to soils has been gaining immense interest worldwide, owing to its potential to enhance soil capacity of nutrient retention and soil’s water holding capacity. Moreover, this also helps in sustainable storage of carbon thereby reducing greenhouse gas emissions.However, commercialization of biochar as a soil additive is yet to achieve its full potential among its primary users, the farmers. To make this happen, the industry participants manufacturing biochar are focused on arranging several programs in different geographical marketspaces to explicitly educate farmers.

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Farming methods including mixing the product with seeds and fertilizers, uniform mixing with soil, applying through no till systems deep banding of soil with plow, hoeing into ground, top-dressed, applying char and compost on raised beds. However, the type of application of biochar to soil depends on farming system, labor and available machinery. These types of methods are promoted and increasing use of such methods among farmers will boost product application and henceforth its overall demand.

Biochar retains its potential to control/mitigate climate change owing to its inherent fixed carbon in the raw biomass, which would otherwise degrade to the greenhouse gases and sequestered within the soil for years. The product acts as tool for soil amendment owing to its beneficial impact on cation exchange that leads to higher water holding capacity and greater soil pH, and an affinity for macro and micro plant nutrients.

Although biochar applications have been increasing owing to its great agricultural and environmental contributions, there are also controversial restraining factors of the product. Cutting of timber, a major feedstock of biochar is the primary concern which might lead to complete deforestation and eventually threaten the food security. As this could compromise on the amount of rainfall useful for agriculture. Hence, to avoid this industry participants and government organizations are focused on producing it from saw dust, waste wood, rice husk, rice straw, empty bunches of fruit etc.

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The global biochar market is a moderately growing sector and numerous companies participate in the marketspace from different phase of the industry value chain. Some of the leading participants include BlackCarbon A/S , Biochar Industries, Swiss Biochar GmbH, Carbon Terra GmbH, Biochar Ireland, Sunriver Biochar, Pacific Biochar Benefit Corporation, Waste to Energy Solutions Inc., Airex Energy, Carbon Gold, Clean Fuels B.V., 3R ENVIRO TECH Group, Earth Systems PTY. LTD., ArSta Eco, Pacific Pyrolysis, Biochar Supreme, LLC, Phoenix Energy, The Biochar Company, Vega Biofuels, Inc., Cool Planet Energy Systems Inc., Biochar Products, Inc., Diacarbon Energy Inc., and Agri-Tech Producers, LLC.

Greenhouse Film Market by Trends, Key Players, Driver, Segmentation, Forecast to 2026

The global greenhouse film market is estimated to reach USD 8.3 billion by 2026 growing at a CAGR of 9.8% during the forecast period, according to a new study published by Polaris Market Research. The report ‘Greenhouse Film Market Share, Size, Trends, & Industry Analysis Report, By Resin Type (Low Density Polyethylene, Linear Low-Density Polyethylene, Polyvinyl Chloride), By Width (4.5M, 5.5 M, 7M, 9M), By Thickness, By Application, By Regions: Segment Forecast, 2019 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends. In 2018, the Low-Density Polyethylene segment accounted for the highest share in the global greenhouse film industry in terms of revenue. North America was the leading contributor to the global market revenue in 2018.

The increase in the population worldwide and growth in global food demand majorly drives the market growth. The ability to produce high quality crops throughout the year, lesser use of water for crop cultivation, improved crop quality, and increased level of control over crop growth boost the market growth. Growing urbanization, need to enhance agricultural yield, rising investments by government organizations on agricultural schemes, and increasing focus on nutritious food products and indoor farming accelerate the market growth. New emerging markets, technological advancements in farming methods, growing demand and area used for greenhouse protected cultivation would provide growth opportunities in the market in the coming years.

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Polyethylene plastic is available in two different strengths; commercial grade for large industrial applications and utility grade for personal use. Polyethylene plastic usually lasts for a year or two. Polyvinyl Plastic is expensive, durable offer high strength. However, the most durable greenhouse plastic is polycarbonate plastic. It is a twin wall, polyethylene plastic that maintains heat and humidity with the ability to last for up to a decade.

  

In 2018, North America generated the highest market share in terms of revenue in the greenhouse film industry. The growing urbanization, and rising population has accelerated the market growth in the region. A significant rise in the demand for organic and chemical free food products supports the market growth in the region. The technological advancements in farming methods, and increasing need for controlled environment for high quality crops further improves the market growth rate. Asia-Pacific is expected to grow at the highest rate during the forecast period owing to significant growth of population, government schemes, and strong technical expertise in agricultural practices. Technological advancements and established R&D institutes in China and Japan further supports the market growth.

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The well-known companies profiled in the Greenhouse Film market report include Polifilm Extrusion GmbH, Essen Multipack Limited, Ginegar Plastic Products Ltd, Beijing Kingpeng International Hi-Tech Corporation, Thai Charoen Thong Karntor Co., Ltd, Central Worldwide Co., Ltd, Berry Global Group, Inc., The Dow Chemicals Company, Agriplast SRL, and Lumite, Inc. 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.

Butane Industry Analysis, Size, Share, Growth, Trends and Forecast 2026

 The global butane market is estimated to reach USD 125.7 billion by 2026 growing at a CAGR of 7.3% during the forecast period, according to a new study published by Polaris Market Research. The report ‘Butane Market Share, Size, Trends, & Industry Analysis Report, [By Application (LPG {Residential/Commercial, Chemical/Petrochemicals, Industrial, Autofuels, Refinery, Others}, Petrochemicals, Refinery, and Others), By Regions: Segment Forecast, 2018 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends.

Butane is a natural gas liquid is a refinery product with feedstock such as naphtha and coal. The global butane market is primarily driven by increased utilization of liquefied petroleum gas (LPG). Butane showcases properties such as easy liquefiable and high flammability and is thus increasing used in fuel manufacturing and blending. It is also used widely is in the production of petrochemical manufacturing.

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Rising demand for economical fuel among consumers, especially in the developing nations has led to increased demand of butane. Increasing consumer income and rural development in several nations have resulted into awareness and shift in consumer preference towards use of LPG cylinders in residential applications. Moreover, use of LPG has also reduced dependency on the forest products for combustion purposes. LPG is also used widely in many developed countries for fuel and residential applications.

In addition to the above, favorable regulatory policies and government subsidies have also significantly contributed to the growth of LPG consumption and thus directly impacting the butane market positively. In countries such as India, the government subsidizes LPG cylinders as per the number of cylinders per household. Moreover, there a number of schemes introduced for providing LPG accessibility to the rural consumers. All these parameters have collectively contributed to the increased consumption of butane.

Butane is also extensively used in refinery applications and chemical production. Some other butane applications with minor market shares include industrial drying/heating applications and engine fuel. In the U.S. tight oil and shale gas extraction have competitive edge over butane production in comparison to the rest of the world. This is due to the geographical feature and more developed pipeline infrastructure for butane transportation.

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The butane price witness price volatility as it is a refinery product and its pricing depend on the crude oil prices. Leading producing regions for butane include U.S. and the Middle East. Northeast Asia and China also are significant consumers and producers of natural gas liquids including both butane and propane. Economic development of the developing Asian countries has led to significant consumption of butane in end-use sectors such as automobile and petrochemical.

The global butane market constitutes international and national market players which are majorly governing the oil & gas sector. It comprises of both public and private players globally. Some of the significant market players in the butane industry include Exxon Mobil Corporation, British Petroleum, Royal Dutch Shell, Total S.A., China National Petroleum Corporation (CNPC), and China Petroleum and Chemical Corporation (SINOPEC).

Tool Steel Market Size Historical Growth, Analysis, Opportunities and Forecast

 The global Tool Steel market size is expected to reach USD 7,100.0 million by 2026 according to a new study by Polaris Market Research. Global growth in the automotive industry is driving the overall market growth. Long production runs are a key characteristic of the automotive industry and hence they require good die material that can withstand tough engineering environment and conditions. Automotive companies therefore prefer tool steel due to their inherent benefits as well as properties. In addition, the usage guarantees minimum interruptions, less maintenance costs, and high productivity. Such trends are benefitting the tool steel demand from automobile industry.

 

Hot forming is used widely to manufacture automotive parts. They are used to manufacture pillar reinforcements, roof reinforcements, front bumper and rear bumper among others. The overall process is carried out at high temperatures and the operating temperature range can vary substantially. In such cases, due to the excellent temperature resistance offered by tool steels as well as their good yield strength, and high toughness at elevated temperatures, tool steels are preferred in hot forming processes. Such trends are benefitting the overall market growth.

 

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Generally, companies try to avoid cheap products that are less costly but wear out easily. Mostly companies prefer high quality tool steel that is a bit costly but guarantees extended service time. This reduces the overall reduction in maintenance as well as replacement costs. These factors ensure that the buyer can achieve a low per product cost even though preferring a high cost tool.

 

Tool steels, when used in plastic molding applications offer excellent machinability, polish ability, homogeneity, low Sulphur content and a good photo etching ability. They also exhibit better toughness and weldability than other counterparts. They also have a high material removal rate thus making them ideal for usage in high cavity designs. The rising demand for plastic molds is thus favoring the market growth of tool steels.

 

Asia Pacific emerged as the largest market in 2019 and this trend is expected to continue till the end of the forecast period. Rising demand for plastic molded products particularly from the automotive industry, improving economic conditions in countries such as India and China and the booming aerospace and automotive industry in the region are some of the factors contributing to the strong regional market growth.

 

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Continuous research and development resulting in the development of novel products has benefitted the overall industry growth. Companies have developed products that provide optimum performance, high precision, longer life while still providing cost savings. Companies are working in collaboration with their clients to understand their requirements to produce customized tool steels that are best suited for their applications. Some of the major market players include Voestalpine AG, Samuel, Son & Co., Eramet SA, QiLu Special Steel Co., Ltd, Hitachi Metals, Ltd., Baosteel Group, Hudson Tool Steel Corporation, Buderus Edelstahl GmbH, Schmiedewerke Gröditz, and Tiangong International Co., Ltd. Among others.

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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