Ceramic membrane Market Size Historical Growth, Future Analysis and forecast

 The global Ceramic Membrane market size is expected to reach USD 15,900.1 million by 2026 according to a new study by Polaris Market Research

 

Ceramic membranes are being used in high value applications such as protein fractionation in dairies, cell harvesting, separation of flow streams among others. Ability to withstand extreme pH conditions as well as to operate under extreme temperature ranges are some of the factors benefitting the market growth. Properties of ceramic materials such as inertness, longer service life, reliability, heat resistance, backflush capability, regenerative capacity, resistance to acids, alkalis are being effectively used by companies and have developed superior ceramic membrane filtration systems that find applications in a wide range of industries ranging from chemicals to water treatment.

 

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Companies operating in this market have developed products that have low flow resistance while in turn delivering high mechanical as well as chemical stability. They have also made metallurgical strides and now use a combination of manufacturing materials to produce quality and superior product. Advancements in manufacturing processes have enabled manufacturers of ceramic membranes to have better control over various ceramic membrane aspects such as layer texture, porosity, among others. Such trends have resulted in the serving of customized needs of high value applications such as premium food products, pharmaceuticals, etc. and this trend has benefitted the overall market growth.

 

From an expensive, stringent, and difficult to use product, due to the continuous R&D efforts, these membranes have evolved into a sustainable and robust technology that can be effectively use to obtain clean water. Water & wastewater treatment industry is increasingly adopting these membranes due to inherent advantages such as 100% integrity into process, high operating temperature and pressure range, foul resistant, and ability to back rinsing. Water scarcity across the globe, rising population, initiatives taken by governments and world agencies to ensure clean water access to all are fueling water treatment market growth and this trend is in turn anticipated to contribute to ceramic membrane demand for water treatment applications.

 

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The North American market is dominated by major players in the region influencing the overall supply chain. In addition, environmental standards related to minimizing of energy usage will drive the product growth offering low cost water treatment. Presence of key universities in the regions focusing on water treatment technologies are the key factor for regional competition. Product innovation and acquisitions are among the major strategies adopted by the players in the region.

 

Concentrated efforts are being taken to reduce the overall capital expenditure as well as operating expenditure of the ceramic membrane filtration systems. Such efforts have garnered attention of governments, as well as industry participants. Such concentrated efforts are expected to further reduce the overall ceramic membrane manufacturing, operational and maintenance costs. Companies such as TAMI Industries, A-tech innovation GmbH, Liqtech A/S, Saint Gobain, Qua Group LLC, Hyflux Limited, Nanostone Water Inc., GEA Group, Toray Industry Inc., Veolia Water Technologies, and Pall Corporation are some of the key players operating in the market

 

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Food amino acids Market Size Historical Growth, Future Analysis and forecast

 The global food amino acids market is expected to reach more than USD 4.02 billion by 2026 with a CAGR of 6.7% during the forecast period as per a new study released by Polaris Market Research. The report “Food Amino Acids Market size By Product Type (Lysine, Glutamic Acid, Methionine, Tryptophan and Others); By Source (Animal-Derived, Plant-Derived, Synthetically Derived); By Application (Infant Food Formulations, Convenience Food, Food Fortification, Beverages & Others); By Regions, Segments & Forecast, 2017 – 2026” provides an extensive analysis of present market dynamics and predicted future trends.

 

Increasing health and balanced diet awareness associated with rising healthcare cases is fueling the food amino acid market demand in near future and overcoming the requisites of protein deficiency. Proteins, essential part for health and balanced diet, are macromolecules that are built by joining chains of amino acids. Several proteins chains are created by using the 20 essential amino acids and are further modified into three-dimensional shapes to accomplish particular body functionality. Increasing awareness for protein importance among consumers of the have urged the increased application of amino acids by the food and beverage manufactures or formulators.

 

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Every cell, comprising the transporters, membranes, immune system components and enzymes, in human body significantly uses protein to performs vital functions. In human bodies, the activities of tissues and its components are fragmented and re-constructed periodically result in protein production, that ultimately necessitates the relentless supply of amino acids in the diets. Daily consumption of all twenty amino acids is essential for building of new proteins.

  

Isoleucine, lysine, leucine, methionine, valine, threonine, phenylalanine histidine and tryptophan are nine out of twenty amino acids denoted as essential or indispensable amino acids. These are supplemented via food source as they are not formed in human body. Henceforth, increasing consumer awareness and potential importance protein for healthy life maintenance, has increased the application by manufacturers in food and beverage products.

 

Asia-Pacific region held the largest market share in 2017. The market is driven by the region’s escalating food & beverage industry owing to rising population, growing consumer health awareness, mounting ingredient and food manufacturers investments. Additionally, the amino acid market is driven by rising economic developments of developing nations such as India, South Korea, Vietnam, and other South East Asian countries.

 

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Some of the leading companies currently operating in the industry include Kraemer Martin GmbH (Azelis) , CJ Corporation, Pacific Rainbow International, Inc., Monteloeder S.L., Taiyo International , Rochem International Inc., Kingchem LLC , Sunrise Nutrachem Group, Amino GmbH, Brenntag AG, Sigma-Aldrich, Shaoxing Yamei Biotechnology Co., Ltd., Hugestone Enterprise Co., Ltd., Pangaea Sciences Inc., Qingdao Samin Chemical Co., Ltd. , Daesang Corporation , Prinova Group LLC , Kyowa Hakko Kirin Group,  Evonik Industries, and Ajinomoto Co., Inc.

 

 

Flexible Packaging Market Size Historical Growth, Future Analysis and forecast

 The global Flexible Packaging Market is anticipated to reach $335 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the food and beverage segment accounted for the highest market share in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global Flexible Packaging market revenue in 2017.

 

The increasing disposable incomes and growing demand for fast moving consumer goods drives the growth of the flexible packaging market. Growing urbanization has resulted in urban citizens spending most of their time at work and everyday commute, which has increased the demand for convenient packaging for on-the-go consumption, thereby supporting the flexible packaging market growth. Brand owners are taking initiatives to optimize packaging operations to meet the global competition, increase productivity, enhance shelf life of products, improve overall efficiency, and create brand differentiation in the market. The demand for new and unique packaging sizes, shapes and configurations has increased from industries such as food and beverages, cosmetics, and healthcare among others. The increasing need to offer convenient packaging solutions while also addressing environmental concerns has boosted the flexible packaging market growth.

 

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Numerous key players have adopted partnership and acquisition strategies to increase their market share in the global flexible packaging market. For instance, In December 2015, Mondi Group signed an agreement for the acquisition of 95% of the outstanding share capital in KSP, Co. KSP is a flexible packaging company based in South Korea with strong focus on production of high-quality spouted and retort stand-up pouches for food, pet food and beverage industries. The acquisition of KSP compliments Mondi’s stand-up pouch operations in Korneuburg, Austria and Jackson, US while expanding its presence in U.S. and Asia. In July 2016, Mondi Group also signed an agreement to acquire Uralplastic. Uralplastic manufactures a range of consumer flexible packaging products for food, hygiene, homecare and other applications. The acquisition of Uralplastic supports the development of Mondi’s consumer packaging business, strengthens its presence in the Russian consumer packaging market, and expands its offerings in the flexible packaging market.

 

Asia-Pacific generated the highest market share in terms of revenue in 2018 in the flexible packaging industry, and is expected to lead the global Flexible Packaging market throughout the forecast period. The growing population, rising disposable incomes, and increasing living standards support the growth of flexible packaging industry in the region. The increasing demand from the food and beverage, and retail industry is expected to generate numerous opportunities for the Flexible Packaging industry.

 

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The well-known companies profiled in the Flexible Packaging report include Amcor Limited, Mondi Group, Berry Plastics Corporation, Sonoco Products Company, American Packaging Corporation, Novolex Holding Inc., Bemis Company, Inc, Constantia Flexibles International GmbH, Ampac Holding, and Sigma Plastics Group. 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.

Healthcare IT Market Size Historical Growth, Future Analysis and forecast

Global Healthcare IT Market estimated to reach USD 324.9 Billion by 2026 says a new report by Polaris Market Research. The demand for healthcare IT is majorly driven by continuous technological advancements for providing improved healthcare facilities, increased government support & spending on healthcare IT solutions, and rising need to manage individual health data at a single platform. Moreover, need of decreasing healthcare cost by increasing adoption of healthcare IT systems would also influence the growth of HCIT market in the forecast period. Despite of higher investment cost, healthcare IT market would notice growth in the future.

 

Healthcare information technology (HCIT) involves the designing, development, and use & maintenance of various IT systems for the healthcare industry. Todays, healthcare industry has observed a continuous shift for value-based care model. This model is majorly focused on improving quality of care with the help of patient engagement, meeting regulatory requirements, and delivering personalized customer experience. Similarly, data aggregation, risk and care management should be considered for building interoperability between the healthcare providers.

 

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Healthcare IT market by products & service is further segmented as healthcare provider solutions, healthcare payer solutions, and healthcare IT outsourcing services. Healthcare provider solutions hold the major share of the HCIT market due to rising need for managing the patient’s health data, and interconnecting healthcare providers that in turn saves the time and cost of treatment for patients.

 

North America maintained a dominating position in the global healthcare IT market in 2017, followed by Europe and Asia Pacific. North America’s healthcare IT market is primarily driven by growing adoption of HCIT solutions, and controlling healthcare cost. In addition, need for maintaining operational efficiency in the healthcare organizations, and concern for well-established healthcare IT infrastructure would drive North America’s HCIT market. Asia Pacific has a potential market in healthcare IT industry. Countries like India, and China show rapid growth which is observed due to, continuous governments efforts for improving healthcare services to provide better infrastructure for the patients.

 

The leading companies operating in this industry include Afga Gevaert Group, Novarad Corporation, GE Healthcare, Allscripts Healthcare Solutions, Inc., Mckesson Corporation, Philips Healthcare, Cerner Corporation, Hewlett-Packward, Oracle Corporation, Optum Inc., and E-MDS Inc.

 

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Key Findings from the study suggest solutions available in the market are much more cost-effective and manufactures are continuously concentrating on the advancements that abides the governments laws for patient safety. Companies are in a stage of development of new products in order to guarantee simple implementation for healthcare providers. North America is presumed to dominate the global healthcare market over the forecast years and Asia Pacific region shows signs of high growth owing to the booming economies of India, and China.

 

Disaster Recovery as a Service (DRaas) market Product Type, Application and Forecast Report 2026

The global disaster recovery as a service (DRaas) market size is expected to reach USD 23.3 billion by 2027 according to a new study by Polaris Market Research. The report “Global Disaster Recovery as a Service (DRaaS) Market Share, Size, Trends, Industry Analysis Report, By Solution (Backup & Recovery, Real-time Replication, Data Protection, Professional); By Service Provider; By Deployment Model (Public, Private, Hybrid Cloud); By Vertical; By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The growing need for greater flexibility, the faster recovery process, and cost-effectiveness are the key factors responsible for market growth. Moreover, the high adoption of hybrid cloud DRaas, and higher penetration in mobile network providers. The demand for DRaaS market solutions is increasing rapidly as enterprises are moving toward cloud-based disaster recovery module. This market incorporates solutions that are required to manage disaster recovery on the cloud.

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The market is fragmented based on solution, service provider, deployment type, vertical, and region. In terms of solution, the market is segmented into backup and recovery, real-time replication, data protection, and professional. Based on service provider, the disaster as a service market is further bifurcated into cloud providers, managed providers, telecom and communication providers, and others. Based on deployment type, the DRaaS market is further bifurcated into public, private, and hybrid cloud. Based on vertical, the disaster as a service market is further bifurcated into BFSI, consumer goods & retail, government & public sector, healthcare & life sciences, manufacturing, media & entertainment, telecommunication & ITES, and others.

  

Segment Highlight

• The players including International Business Machines (IBM) Corporation, Microsoft Corporation, and Rackspace Hosting, Inc. together held a significant market share in 2019 owing to their dominance in the DRaaS market
• North America region is dominating the global disaster as a service market, holding almost one third of the market share throughout the forecast period. The presence of key players and the dynamic business environment, and increasing adoption by small- and large-scale enterprises to enhance productivity and data safety
• The back-up recovery segment is estimated to hold a major share in the global disaster as a service market, as the majority of the organizations are well aware of cybersecurity and crucial data theft. The back-up market held a significant share in 2019. Real time application market is expected to expand at highest CAGR during the forecast period
• Based on provider, the managed service providers segment is projected to constitute almost half of the market in 2027. Managed providers are responsible for managing and monitoring IT systems on behalf of their clients.

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List of Key Players

• Amazon Web Services (AWS)
• VMware, Inc.
• International Business Machines (IBM) Corporation
• Microsoft Corporation
• Rackspace Hosting, Inc.
• Verizon Terremark
• iland Internet Solutions Corporation
• NTT Communications Corporation
• Hewlett-Packard (HP)
• SunGard Availability Services
• Others

Polaris Market Research has segmented the Disaster Recovery as a Service (DRaas) Market report on the basis of solution, service provider, deployment type, vertical, and region

Disaster Recovery as a Service (DRaaS), Solution Outlook (Revenue – USD Million, 2016 – 2027)

• Backup & Recovery
• Real-time Replication
• Data Protection
• Professional Services
• Training
• Education, and Consulting
• Support and Maintenance

Disaster Recovery as a Service (DRaaS), Service Provider Outlook (Revenue – USD Million, 2016 – 2027)

• Cloud Service Providers
• Managed Service Providers
• Telecom and Communication Service Providers
• Others

Disaster Recovery as a Service (DRaaS), Deployment Type Outlook (Revenue – USD Million, 2016 – 2027)

• Public
• Private
• Hybrid Cloud

Disaster Recovery as a Service (DRaaS), Vertical Outlook (Revenue – USD Million, 2016 – 2027)

• BFSI
• Consumer Goods & Retail
• Government & Public Sector
• Healthcare & Life Sciences
• Manufacturing
• Media & Entertainment
• Telecommunication & ITES
• Others

Disaster Recovery as a Service (DRaaS), Regional Outlook (Revenue – USD Million, 2016 – 2027)

• North America
  • U.S.
  • Canada
• Europe
  • France
  • Germany
  • UK
  • Italy
  • Spain
  • Netherlands
  • Austria
• Asia Pacific
  • China
  • India
  • Japan
  • Malaysia
  • South Korea
  • Indonesia
• Central & South America
  • Mexico
  • Brazil
  • Argentina
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Active Pharmaceutical Ingredient Market Share Worldwide Industry Growth and Forecast

The global active pharmaceutical ingredient (API) market size is expected to reach USD 306.1 billion by 2027 according to a new study by Polaris Market Research. The report “Active pharmaceutical Ingredient (API) market Share, Size, Trends, Industry Analysis Report, By Product Type (Monoclonal Antibodies, Immunoglobulin, Cytokines, Insulin, Peptide Hormones, Blood Factors, Peptide Antibiotics, Vaccines, Small Molecule Antibiotics, Highly Potent Active Pharmaceutical Ingredient (HPAPI), and Others); By Form (Aqueous, Non-Aqueous Liquid, and Dry Powder); By Manufacturer Type (Captive, and Merchant); By Application (Cardiology, Oncology, CNS & Neurology, Orthopedic, Endocrinology, Pulmonology, Gastroenterology, Nephrology, Ophthalmology, and Others), By Regions; Segment Forecast, 2020 –2027”gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Active Pharmaceutical Ingredient (API) is a substance involved in the finished pharmaceutical product (FPP), aimed to enhance the pharmacological activity or have direct impact in the cure, mitigation, diagnosis, treatment of disease or in modifying, correcting or restoring physiological functions in the human body. Drug products are composed of various components, API is the primary ingredient of a drug product, for instance, capsule or a tablet. APIs form used in the formulation is the most stable crystalline form, thermo-dynamically. 

 

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The prominent factors favoring the global market include the sudden outbreak of novel corona virus, which is rapidly escalating the demand for pharmaceuticals and thereby fueling the overall market growth. Additionally, rise in aging population, rising cases of cardiovascular diseases, cancer, AIDs, other infectious diseases, are further contributing to augmenting demand for APIs that are used in drugs. For instance, according to a report published in March 2020, by World Health Organization (WHO), the number of COVID-19 patients increased to 200,000 and in almost after twelve-day period, the number would exceed by 100,000. Moreover, rising incidence of cardiovascular, oncology, diabetes and lifestyle diseases coupled with rising geriatric populace is furthermore surging the overall demand for the global market.

 

Market participants such as AbbVie Inc., Albemarle Corporation, AstraZeneca, Aurobindo Pharma, Boehringer Ingelheim, Bristol-Myers Squibb, Cipla Inc., Dr. Reddy’s Laboratories Ltd., ELI Lilly and Company, F. Hoffmann-La Roche, GlaxoSmithKline PLC, Lonza Group, Merck & Co., Inc., Mylan N.V., Novartis AG, Pfizer, Inc., Sanofi, Sun Pharmaceutical Industries Ltd, and Teva Pharmaceutical Industries Ltd. are some of the key players operating in the global market.

 

Players in the market are focusing on developing active pharmaceutical Ingredient to suffice the rising demand of critical drugs for the treatment of numerous diseases. For the treatment of various diseases such as cancer, HIV, arthritis, Hepatitis-B, diabetes, cardiovascular diseases, Aids and various others, which are responsible for the majority of deaths across the globe, the innovation and demand for pharmaceuticals has witnessed elevated graph over the few decades. This has further resulted in rise in growth of API during the past years and also over the forecast period.

 

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Major players in the market are strengthening their capabilities to enhance their product portfolio and further establish their market place. For instance, on July, 2020, Advert International signed an agreement for the acquisition of RA Chem Pharma Ltd, an integrated pharmaceutical company by Micro Labs Ltd. for USD 1.7 billion. Advert International aims for building one of the major API platforms and is expected to leverage their operational and financial resources across the globe to scale RA Chem Pharma.

 

Natural Food Colors Market Share Worldwide Industry Growth and Forecast

The global natural food colors market size is expected to reach USD 2,984.9 Million by 2026 according to a new study by Polaris Market Research. The report “Natural Food Colors Market Size, Share & Trend Analysis Report, By Type (Carmine, Curcumin, Paprika, Turmeric, Beet, Anthocyanins, Caramel, Annatto, Carotenoids, Chlorophyll, Spirulina, Others); By Form (Liquid, Powder, Gel, Emulsion); By Application (Bakery & Confectionery, Beverages, Dairy Products, Frozen Products, Meat Products, Others), Regions and Segment Forecasts, 2020- 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 Some of the important players profiled in the report include Archer Daniels Midland Company (U.S.), Allied Biotech Corporation, BASF SE (Germany), CHR Hansen Holding A/S (Denmark), D.D. Williamson & Co., Inc. (U.S.), Diana Naturals, Dohler Group (Germany), DowDuPont (U.S.), Fiorio Colors S.R.L (Italy), FMC Corporation (U.S.), Food Colour Innovation S.L. (Spain), GNT Group (The Netherlands), IFC Solutions. (U.S.), Kalsec Inc. (U.S.), Kolorjet Chemicals Pvt.Ltd. (India), Koninklijke DSM N.V. (The Netherlands), Lycored Ltd. (Israel), Naturex S.A. (France), Phinix International (India), San-Ei Gen F.F.I., Inc. (Japan), Sensient Technologies Corporation (U.S.), Vinayak Ingredients India Pvt. Ltd. (India) among other notable players.

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With leading market players holding significant market share, the market remains highly consolidated. Leading players of the natural color industry, while expanding their distribution network, continue to make heavy investments in research and development. The need for a wide range of products and a broader network creates high entry barriers to the market for natural colors of foods, making consolidating market positions difficult for local and regional players.

Food coloring is still playing a major role in the market, with companies still attracting consumers with attractive food colors. Various surveys show that food coloring remains of vital importance on the F&B market as consumers continue to base their assessment on food coloring. While the use of synthetic colors continues, recent research on the association of various health issues with synthetic food color consumption has brought the safety of the ingredients into question by consumers.

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The key market trend in the current natural food colors is increased stability and function. The main aim of the manufacturers is also to create natural, powdered food colors especially in yellow, orange and brown. This is due to the use for ready-to-eat meals, sauces, and noodles and of a large amount of seasoning consumption. Herstellers are looking forward to develop a new natural food color source at a low cost. They are concentrating on developing new drying methods and materials that enable powder stability innovation at a competitive cost. As a result, food manufacturers are investing in clean labels, thereby bringing in newer products or revising existing product portfolios through the incorporation of clean label food colors. The result is a growing need for a number of products which bear claims such as “natural.”

Increased government aid is expected to boost the growth of the market in Asia Pacific in turn to encourage the adoption of natural food colors in different food and beverage applications. During the forecast period, the demand for natural colors in China and India is expected to increase. The launch of new products with natural ingredients is a key reason for this. Carmine is the most popular pigment in Asia-Pacific in red colors, while beta carotene and carotenoids are preferable in orange and yellow colors.

The world market for food colors is divided into types, form, applications and geographic areas. It is bifurcated into carmine, curcumin, paprika, turmeric, beet, anthocyanins, caramel, annatto, carotenoids, chlorophyll, spirulina, and others based on the type. The form segments is further bifurcated into liquid, powder, gel, emulsion. The application section is further segmented into bakery & confectionery, beverages, dairy products, frozen products, meat products, and others. According to regions, the market has been analyzed on a country level throughout North America, Europe, Asia-Pacific and Latin America and Middle East & Africa. The maximum development rate on the global market is expected to occur in Asia Pacific due to high demand from economies such as India, South Korea, China, etc.  

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Plant-Based Meat Market Share Worldwide Industry Growth and Forecast

The global Plant-Based Meat Market size is expected to reach USD 35.4 billion by 2027 according to a new study by Polaris Market Research. Plant meats have ingredients sourced from plants such as soy, to mimicking the texture of animal meat. Current innovations also claim that it offers the same cooking and eating experience as of traditional animal based meat. Few hamburger outlets have introduced plant-based patties, which exactly matches the texture of the beef offered in the same outlet.

 

Consumers find potential advantages of plant-based foods, on the other side, and equate such items with better health outcomes and higher nutritional value. A 2016 study by Oxford University found that a ‘healthy’ diet (i.e. one that contains less meat) could prevent 5.1 million deaths worldwide by 2050. Meat-free protein products are no longer restricted to the relatively small group of consumers who identify as vegetarian or vegan. For example, 39 per cent of the U.S. citizens are actively using plant originated foods in their diets, and this shift is driven by millennials: 30 per cent eat meat alternatives every day, while 50 per cent eat meat alternatives several times a week.

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The global plant-based meat market is driven by growing concern towards animal based meat owing to global narrative that COVID-19 originated from wild animals. The growing vegan population in Europe, consumer awareness towards nutritional benefits, and innovations in food technology coupled with funding support from investment firms. Recently, in June 2020, Veganuary, the UK based non-profit organization introduced Veg Capital, funding solutions plant-based food companies. It will provide fund of around EUR 50,000 to 2,50,000 to the plant-based food startups.

 

Moreover, strong government intent also pitched the usage of plant-based meat in the forefront. Governments are now beginning to understand the climatic and environmental effects of diets. The expert panel of the review team recommended the inclusion of key material environmental indicators during the most recent revision of the US dietary guidelines in 2015. Denmark is considering proposals for imposing a red meat tax. In 2016, Sweden’s Green Party tabled a motion in the Swedish parliament calling for a climate tax on food.

 

Market participants in the plant-based meat market include Impossible Foods, V2food, Beyond Meat, Garden Protein International, Zhenmeat, Morningstar Farms, Novameat, Quorn Foods, Amy’s Kitchen, Omnipork, Maple Leaf Foods, Zikooin, The Vegetarian Butcher, Greenwise, Tofurky, Gold & Green Foods, Sunfed, and VBites. are some of the key players operating in the concerned market. They are competing on several factors such as price, product quality, taste, nutritional claims, brand value, advertisement, and promotions.

 

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Pre-engineered Building Market Huge Demand & Future Scope Including Top Players

The global pre-engineered building market size is expected to reach USD 34.18 billion by 2026, growing at a CAGR of 13.9% during the forecast periods according to a new study published by Polaris Market Research. The Report ‘Pre-engineered Building Market Share, Size, Trends, & Industry Analysis Report [By Product (Steel Structure, Concrete Structure, Civil Structure, Others); By End-User (Residential, Commercial, Industrial, Infrastructure, Others) By Region]: Segment Forecast, 2019 – 2026’ provides a thorough and detailed analysis with an overview of present trends and future insights. In 2018, the industrial segment dominated the global pre-engineered building industry, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period.

 

A significant increase in disposable income, and construction & renovation of residential buildings drive the growth of market. Increasing population, growing urbanization, and industrialization has increased the demand for pre-engineered building solutions across the globe. The rising demand for warehouses owing to increasing penetration of e-commerce, and growing need to reduce building time and costs, supports the pre-engineered building market growth. The growing trend towards green buildings and use of sustainable building material increases the adoption of pre-engineered building solutions. The increasing investments in investment of smart buildings, and increasing demand from industrial, automotive, and agriculture industries further accelerate the market growth. Increasing demand in developing nations, and growth in global construction industry is expected provide numerous growth opportunities in the global pre-engineered building market during the forecast period.

 

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The different components of pre-engineered buildings include primary frame, secondary structural elements, roof and wall panels, panels, and other elements. Primary frame includes an assembly of builtup I-Shaped steel members consisting of trusses or castellated beams, whereas secondary structural elements are cold formed members in different shapes. Roof & wall panels include tin shades & curtain wall made of glass & roll-formed steel sheets.

  

Asia-Pacific generated the highest revenue in the market in 2018, and is expected to lead the global pre-engineered building market throughout the forecast period. The growing construction sector and increasing disposable income drives the market growth. The increasing need for time and cost effective building solutions, along with increasing government investments in development of infrastructure supports the market growth in the region.

 

The well-known companies profiled in the pre-engineered building market report include Kirby Building Systems, Zamil Steel, BlueScope Steel, PEB Steel Buildings, Everest Industries, SML Group, Tiger Steel Engineering, Interarch Building Products, Lloyd Insulations, Era Infra, Multicolor Steels, and Smith Structures. These companies are consistently launching new products to enhance their offerings in the global pre-engineered building industry. 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. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

 

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Bio-based Polymers Market Huge Demand & Future Scope Including Top Players

The global bio-based polymers market was estimated to be worth of USD 14.2 billion in 2018 and is projected to grow at a CAGR of 10% over the forecast period. Bio-based polymers are obtained through the polymerization of bio-based raw materials through engineered industrial processes. The raw materials of bio-based polymers are either isolated from plants and animals or synthesized from biomass using enzymes or microorganisms. The raw materials used for manufacturing bio-based polymers includes corn fiber, wheat by-products, food processing waste, paper mill sludge, stems, leaves, livestock waste, and others.

 

Initially bio-based functional polymers were derived from agricultural feedstock, but a recent breakthrough in technology has shifted focus to derive from nucleic acids, proteins, polysaccharides, and bacterial fermentation by synthesizing monomers like fatty acids, cellulose, and starch.

 

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Increasing dependence on synthetic polymers has led to a rise in environment risks associated with disposal and recycling. The combustion of these synthetic polymers releases harmful greenhouse gasses (GHGs) and other toxic gasses into the atmosphere, thereby degrading the environment and leading to ozone depletion & global warming. Stringent environmental regulations on fossil fuel products by regulatory authorities such as the EPA and REACH coupled with government initiatives to reduce dependency on petrochemicals have been responsible for the development of bio-based alternatives.

 

 

This is further supported by the increasing awareness towards sustainability and growing demand for bio-based polymers from various end-use industries such as automotive, electrical & electronics, construction, and footwear. Bio-based construction polymer market is in its nascent phase and is estimated to witness significant growth over the next six years on account of the increasing demand from end-use industries.

 

 

The major global raw material manufacturers include companies such as Victrexplc, Mitsubishi, and Wageningen UR among several others. The bio-based content in polymer varies depending on the type of feedstock that is used during manufacturing.

 

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Major bio-based polymer manufacturers include Cargill, Lubrizol, BASF SE, Bayer Material Science, and Dow Chemical where these companies further process polymer using numerous industrial techniques. In certain cases, some companies supply the unfinished biopolymer to other small and medium-scaled companies. Moreover, several major players operating in the market such as BASF SE, Cargill, Bayer Material Science, Bio Based Technologies, and BioAmber have forward integrated their operations, starting from producing raw materials to production of bio-based polymer.

 

Major polymer manufacturers are shifting their focus towards developing sustainable technologies and are collaborating with various individual bio-based technology manufacturers in order to produce bio-based polymers. The bio-based polymer industry is consolidated in nature and has witnessed numerous M&A over the past few years.

 

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