Industry Research Report

Wednesday, 31 March 2021

Cannabis Testing Service Market Future Demands, Latest Innovation By Regional Forecast 2027

The global cannabis testing service market expected to reach US$ 3.4 billion by 2027 according to a new study by Polaris Market Research. The report “Cannabis Testing Service Market Share, Size, Trends, Industry Analysis Report, By Service (Potency Testing, Terpene Profiling, Heavy Metal Testing, Pesticide Screening, Microscopy Testing, Residual Solvent Screening, and Others); By End-Use; By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

With the growing need to contain drug abuse and adulteration in cannabis, there is a strong need for quality testing labs in developed economies, this acts as a pivotal factor in boosting the sale of cannabis. Moreover, the positive scenario of scientific literature, clinical trials, and consumer awareness is creating a strong favorable narrative for the market.

The global cannabis testing service industry is fragmented based on service, end-use, and region. In terms of service, the market is segmented into potency test, terpene profiling, heavy metal test, pesticide screening, microscopy test, residual solvent screening, and others. Based on end-use, the market is further bifurcated into drug manufacturers, cultivators/growers, and research institutes & labs.

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Segment Highlights

The potency test segment is estimated to hold a major share in the global cannabis testing service industry, as the use of cannabis is rising in medicinal purposes. The segment is expected to witness significant growth over the forecast period.
Based on end-use, the cannabis cultivators/growers’ segment is projected to constitute almost half of the market in 2027. The high share is attributed to the fact that most of the cultivator desire to have in-house testing capabilities.
North America market accounted for the dominant share in 2019 in terms of revenue owing to the growing research & development in the field of hemp for medical use. In addition, the growing demand for marijuana in healthcare industry is likely to complement market growth

List of Key Players

Shimadzu Corporation
Agilent Technologies
PerkinElmer, Inc.
Waters Corporation
CannaSys, Inc.
PharmLabs, LLC
Saskatchewan Research Council (SRC)
Eurofins Scientific
CW ANALYTICAL
GreenLeaf Lab
Praxis Laboratory
SGS Canada Inc.

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Polaris Market Research has segmented the cannabis testing service market report on the basis service type, end-use, and region

Cannabis Testing Service, Service Outlook (Revenue – USD Million, 2016 – 2027)

Potency Test
Terpene Profiling
Heavy Metal Test
Pesticide Screening
Microscopy Test
Residual Solvent Screening
Others

Cannabis Testing Service, End-Use Outlook (Revenue – USD Million, 2016 – 2027)

Cannabis Drug Manufacturers
Cannabis Cultivators/Growers
Others (Research Institutes & Labs)

Cannabis Testing Service, Regional Outlook (Revenue – USD Million, 2016 – 2027)

North America (U.S., Canada)
Europe (France, Germany, UK, Spain, Netherlands, Austria)
Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
Latin America (Brazil, Mexico, Argentina)
MEA (Saudi Arabia, UAE, Israel, South Africa)

C-Reactive Protein Testing Market Covering Prime Factors And Competitive Outlook Till 2027

The global C-reactive protein testing market expected to Reach US$ 1.99 Billion by 2027 according to a new study by Polaris Market Research. The report “C-Reactive Protein Testing Market Share, Size, Trends, Industry Analysis Report, By Assay Type (Immuno-turbidimetric Assay, ELISA, Chemiluminescence Immunoassay), By Detection Range (hs-CRP, Conventional CRP, cCRP), By Disease Area (Cardiovascular Diseases, Cancer, Rheumatoid Arthritis, Inflammatory Bowel Disease, Endometriosis, Lupus), By End-Use; By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The key factors responsible for the market growth are recent surge in COVID-19 cases across the globe, market players’ focused approach towards PoC diagnosis, new innovations, and clinical trials in the biomarker discovery. Moreover, the emerging countries, owing to their huge population base, particularly India and China, focusing on rapid tests, which is cost effective and reliable.

The market is fragmented based on assay type, detection range, disease area, end-use, and region. In terms of product, the market is segmented into immuno-turbidimetric assay, ELISA, chemiluminescence immunoassay, and others. Based on detection range, the market is further bifurcated into hs-CRP, conventional CRP, and cCRP. Based on disease area, the market is classified as cardiovascular diseases, cancer, rheumatoid arthritis, inflammatory bowel disease, endometriosis, lupus, and others. The end-use segment is further divided into clinics, hospitals, laboratories, assisted living healthcare facilities, home, and others

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Segment Highlights

The immuno-turbidimetric segment accounted for the largest revenue share of the market owing to its high specificity and accuracy rate. However, the chemiluminescence assay segment is expected to witness fastest growth over the forecast.
Based on detection range, the hs-CRP test segment is projected to constitute almost half of the market in 2027. The segment holds majority of share due to its aggressive use in the healthcare industry to check pandemic infections across the regions.
Cardiovascular diseases accounted for the largest revenue share in 2019 on account of the increasing use of C-reactive protein testing CVD across the regions. In addition, the growing incidences of fatal diseases is expected to drive the market growth.
North America is accounted for the largest revenue share in 2019 owing to excellent reimbursement setup. However, Asia Pacific is expected to witness fastest revenue growth over the coming years.

List of Key Players

Merck KGaA
Thermo Fisher Scientific, Inc.
Roche Ltd.
Quest Diagnostics Incorporated
Laboratory Corporation of America Holdings
Abbott Laboratories
Others

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Polaris Market Research has segmented the C-Reactive Protein Testing Market report on the basis of Assay Type, Detection Range, Disease Area, Type and Region

C-reactive Protein Testing, Assay Type Outlook (Revenue – USD Million, 2016 – 2027)

Immuno-turbidimetric Assay
ELISA
Clinical
Nonclinical
Chemiluminescence Immunoassay
Others

C-reactive Protein Testing, Detection Range Outlook (Revenue – USD Million, 2016 – 2027)

hs-CRP
Conventional CRP
cCRP

C-reactive Protein Testing, Disease Area Outlook (Revenue – USD Million, 2016 – 2027)

Cardiovascular Diseases
Cancer
Rheumatoid Arthritis
Inflammatory Bowel Disease
Endometriosis
Lupus
Others

C-reactive Protein Testing, End-Use Outlook (Revenue – USD Million, 2016 – 2027)

Clinics
Hospitals
Laboratories
Assisted Living Healthcare Facilities
Home
Others

C-reactive Protein Testing, 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

Proteinase K Market In-Depth Qualitative Insights & Future Growth Analysis 2020-2027

The global proteinase K market size is predicted to reach US$ 107.5 Million by 2027 according to a new study by Polaris Market Research. The report “Proteinase K Market Share, Size, Trends, Industry Analysis Report, By Therapeutic Area (Infectious diseases, Diabetes, Oncology, Cardiology, Nephrology, Autoimmune diseases, Neurology, and Others); By Form (Powder, and Liquid), By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The global proteinase K demand is anticipated to grow owing to the increasing prevalence of COVID-19 cases, establishment of universities and government-funded laboratories, population-based studies, and innovations in bio-catalysts. Furthermore, the rising number of designated laboratories which perform western blotting, polymerase chain reaction, and in in-vitro research studies is expected to drive market demand for proteinase K.

The increasing market demand for proteinase K for pre-treatment of COVID-19 infections is expected to drive product demand. Furthermore, the increasing demand for point of care diagnostics and the growing utility of proteinase K in PoC is expected to drive market demand. In addition, the use of proteinase K for in situ hybridization is likely to complement the proteinase K industry growth.

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Segment Highlight

The infectious diseases segment accounted for the largest revenue share in 2019 owing to the sudden spike in viral infections associated with COVID-19. In addition, the increasing demand for proteinase K for treatment of several infections is likely to complement market growth.

Based on form, the proteinase K powdered segment is projected to constitute almost half of the market by the end of 2027. The segment holds the major market share due to its stability in the powered form and it is easy transport.

North America accounted for the largest revenue market share in 2019. This can be attributed to sudden spike in COVID-19 infections, presence of key manufacturers in the market, and the government-sponsored population-based studies boosting the consumption of proteinase K.

List of Key Players

Merck KGaA
BBI Solutions
Codexis, Inc.
SBS Genetech Ltd.
Hoffmann-La Roche Ltd
Amicogen
Amano Enzyme Inc.
Advanced Enzymes Technologies Ltd
Others

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Polaris Market Research has segmented the proteinase K market report on the basis of therapeutic area, by form, and geographic region.

Proteinase K, Therapeutic Area Outlook (Revenue – USD Million, 2016 – 2027)

Infectious diseases
Diabetes
Oncology
Cardiology
Nephrology
Autoimmune diseases
Neurology
Others

Proteinase K, Form Outlook (Revenue – USD Million, 2016 – 2027)

Powder
Liquid

Proteinase K Regional Outlook (Revenue – USD Million, 2016 – 2027)

North America (U.S., Canada)
Europe (France, Germany, UK, Spain, Netherlands, Austria)
Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
Latin America (Brazil, Mexico, Argentina)
MEA (Saudi Arabia, UAE, Israel, South Africa)

Access Control System Market In-Depth Qualitative Insights & Future Growth Analysis 2020-2027

The global access control system market size is expected to reach USD 15.62 billion by 2027 according to a new study by Polaris Market Research. The report “Access Control System Market Share, Size, Trends, Industry Analysis Report, By Type [Hardware (Card-based Readers, Biometric Readers, Multi-technology Readers, Electronic Locks, Controllers, Others), Software (Visitor Management System, Other), Services (Installation & Integration, Support & Maintenance); By End Use; By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The shift from key-based to keyless Access Control System has eliminated the stress associated with key-dependent access systems, such as keys misplacement, etc. It has, furthermore, enhanced the end-user experience, as these systems are comparatively more efficient, faster processing power, and multitude options for unlocking doors (RFID, biometric, keypad, and key, all in one access system to eliminate the dependence on one type of access system), and remote accessibility.

Owing to such features, Access Control System are now widely installed across several industries, and the market, globally, is furthermore expected to witness impelling growth during the forecast period as well. Moreover, the desired need for enhanced security, living standards, and spending capability of the population are furthermore expected to drive the market.

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Finger-vein recognition technology requires finger scanning with the use of infrared sensor and a chargeable device, which highlighting unique finger pattern in a database aiming to reduce dummy finger issues providing high security and has found mass growth in sectors like attendance tracking, border control, etc.

Owing to the increasing burglaries in residential areas has led to the high demand for enhanced access systems. Besides this, increasing adoption of smartphones is observed, globally. Henceforth, the lack of presence of competition in the remote access control system market, in response to the increasing demand for remote access security from the end-users, poses a high growth opportunity for vendors planning on investing in the same.

Use of artificial intelligence and smart applications like biometrics and card-based access control system add value to business ensuring high-level security with enormous indirect data collection pertaining to the employees. High-security doors mounted with intelligent PACs are being installed in areas like server room racks and cabinets, this is expected to drive market growth.

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Companies such as Honeywell International, Allegion, Avigilon, Bosch security, Johnson controls, 3M Cogent Inc., Accu-Time Systems Inc., Aware Inc., Bio-Key International Inc., Axis communications, Assa Abloy, United Technologies Corporation, Digital Persona Inc., IrisID Systems Inc., Morphotrak LLC, NEC Corporation, and Secugen Corporation are few key players operating in the Access Control System market.

Alkyl Polyglucoside Market Future Demands, Latest Innovation by Regional Forecast 2027

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

Tuesday, 30 March 2021

Pectin Market Size By Top Key Players and Future Trend

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

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

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

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

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

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

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

Sleep Apnea Devices Market Size By Top Key Players and Future Trend

The global silicone elastomers market size is anticipated to reach USD 9.34 billion by 2026 growing at a CAGR of 5.1% from 2018 to 2026 according to a new report published by Polaris Market Research. The report ‘Silicone Elastomer Market Share, Size, Trends & Industry Analysis Report By Product Type (Liquid Silicone Rubber, High Temperature Vulcanized/High Consistency Rubber, Room Temperature Vulcanized), By Process, By End-Use, By Regions]: Segment Forecast, 2018 – 2026’ provides insights on the current market scenario and the future prospects.

Silicone elastomers has been gaining significant importance from a wide range of end-use industries, especially from the construction industry. Evolution of advance liquid silicone rubber (LSR) technology has experienced exponential growth mainly in the high-tech application fields. Silicone elastomers are also used widely in the medical appliances sector and its utility has been increasing every year with increasing trend towards self-treatment of chronic ailments including blood conditions, autoimmune diseases, and hormone diseases.

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In the other areas such as portable water and food processing, severely strict environmental as well as safety and health considered as catalyst to move to LSR. In the automotive industry, the rising trends of autonomous cars means vehicles are equipped with more and more electronic features, and that promotes the demand for integrated and super clean liquid silicone elastomer and LSR components. The growing demand for these products are related to demographics, urbanization and social changes as the growing affluent population has a higher buying power for electronics and other categories of lifestyle consumables.

Silicone elastomers are used widely in the present original equipment manufacturing industry owing to its extreme versality that makes it compatible to a wide range of end-use conditions. As silicone are liquid raw materials, it offers superior advantages in processing, which makes it the premier option for materials to be used for technical components in high volumes.

HVSR are also used in a wide variety of industries including the electronics, electrical and automotive, transmission along with the distribution industry, construction industry, process and mechanical engineering, and in food, health care and the medical sector.

The room temperature vulcanized rubbers also have an extensive portfolio. These specific product categories provide an advantage for the cured rubbers to be manufactured with extreme high level of versality and extremely specified properties. RTV -2 and RTV-1 rubbers offers versatile and unique solution portfolios for individual manufacturing issues in a variety of industrial sectors including optoelectronics, electronics, moldmaking, household appliance, industrial process engineering, mechanical engineering, solar/photovoltaics, and even health care applications. The RTV-1 rubber grades are also absolutely ideal for all types of bonding, sealing and coating applications. These silicone-based elastomers owing to their extremely characteristics find applications in these wide manufacturing sectors.

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The Asia Pacific industry is the leading silicone rubber producing regional market and accounted for approximately forty percent of the global market in 2017. China remained the fastest growing country for silicone elastomers in the region in 2017. These gains in the region were and are also anticipated to be driven by the continuous growth of China’s silicone and rubber industry along with India’s emerging silicone manufacturing industry. This is also owing to the favorable economic outlook for the higher income nations in the region.

The silicone-based elastomer manufacturing industry is a competitive market space with several multinational and diversified product manufacturing companies that play an active role. Some of the leading industry participants include Momentive Performance Materials Inc., Wacker Chemie AG, Dow Corning Corporation, Shin-Etsu Chemical Co., Ltd., Ltd., KCC Corporation, Mesgo S.P.A., China National Bluestar (Group) Co., Reiss Manufacturing Inc., Zhejiang Xinan Chemical Industrial Group Co., Ltd., Mesgo S.P.A., and Specialty Silicone Products Inc.

Silicone Elastomer Market Size By Top Key Players and Future Trend

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