Automotive PCB Market Is Expected to See Huge Growth. Latest Research Report

The global Automotive PCB Market is anticipated to reach US$ 14.3 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the passenger vehicles segment accounted for the highest Automotive PCB market share in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global Automotive PCB market revenue in 2017.

 

The increase in the population worldwide and growth in global automotive industry majorly drives the Automotive PCB market growth. The increasing need for road safety, and growing demand for vehicles from emerging economies boost the Automotive PCB market growth. The rising penetration of electric and hybrid vehicles, growth in the demand for luxury, comfortable, and technologically advanced vehicles, and introduction of stringent government regulations regarding vehicular safety and emissions accelerate the growth of the Automotive PCB market. New emerging markets, and technological advancements would provide growth opportunities in the Automotive PCB market in the coming years.

 

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The demand for multilayer PCB has increased significantly over the years. The multilayer PCB has more than two layers, and at least three conductive layers of copper. This PCB is used in complex and large electrical tasks in very low space and compact circuit. The multilayer PCB is used in a wide range of applications like GPS technology, communication system, and data storage. Double layer PCB has a thin layer of conducting material on the top and bottom sides of the board. This PCB offers higher flexibility, reduced size, and relatively lower cost. The double layer PCB is used in controls, converter, HVAC application, and Power monitoring systems.

  

Asia-Pacific generated the highest Automotive PCB market share in terms of revenue in 2017. The growing urbanization, and rising population has accelerated the Automotive PCB market growth in the region. The introduction of stringent government regulations regarding vehicular safety and growing penetration of electric and hybrid vehicles accelerates the adoption of automotive PCB in the region. The strong growth in the automotive industry, technological advancements, and high investment in R&D are factors expected to drive the automotive PCB market growth in the region. 

 

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The economic growth in countries such as China, Japan, and India, rising living standards and growing disposable income further increases the demand of automobiles in the region. Expansion of global players into these countries to tap market potential boosts the growth of the automotive PCB market. Technological advancements and established R&D institutes in China and Japan further supplements the Automotive PCB market growth.

 

The well-known companies profiled in the Automotive PCB market report include Nippon Mektron, Samsung Electro-Mechanics, Delphi Automotive, Meiko Electronics, Tripod Technology, CMK Corporation, KCE Electronics, Unimicron Technolog, Daeduck Electronics, and Chin Poon Industrial among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

 

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Petrochemicals Market Analysis, Impact of COVID-19 on Sales, Business Opportunities in 2021

 According To A New Report Published By Polaris Market Research The Petrochemicals Market Is anticipated to reach over USD 1,203.2 billion by 2026. In 2017, the ethylene segment dominated the global market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period.

 

A significant growth in industries such as healthcare, automobile, construction, food and beverages, along with government initiatives and funding is expected to support the growth of this market. Other driving factors include abundance of raw materials in Middle East and favorable regulatory policies in Asia-Pacific. However, increasing environmental concerns, growing demand for bio-based chemicals, and price volatility of crude oil and natural gas are expected to restrict the growth of the market. Increasing demand from developing nations, and technological advancements are expected provide numerous growth opportunities to the market players during the forecast period.

 

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Petrochemicals are used in a wide range of applications in medical and healthcare sector. Phenol and Cumene are used for creation of a substance used for manufacturing of penicillin and aspirin. Petrochemical resins are used in drug purification, drug manufacturing for treatment of AIDS, cancer, and arthritis, development of artificial skin and limbs, and manufacturing of medical equipment such as bottles, and disposable syringes among others. In the food industry petrochemicals are used in manufacturing of food preservatives, chocolates and candies, and food coloring among others.

 

Asia-Pacific generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. The high economic growth in the region, growth in automotive and construction industries, and rising standards of living are expected to drive the market growth. Increasing disposable incomes in developing countries of this region, increasing applications of petrochemicals, and competitive manufacturing costs are further expected to support market growth.  Rapid urbanization, and rising shale gas explorations in the region are expected to further provide growth opportunities during the forecast period.

 

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The different types of petrochemicals include propylene, benzene, ethylene, butadiene, xylene, styrene, toluene, vinyls, methanol, and others. In 2017, ethylene accounted for the highest market share. However, adoption of methanol is expected to grow at the highest CAGR during the forecast period. The increasing demand of methanol for gasoline blending, and MTO (methanol to olefins) processes is expected to support its adoption in the coming years.

 

The well-known companies profiled in the report include include Royal Dutch Shell PLC, BASF SE, British Petroleum, The DOW Chemical Company, China National Petroluem Corporation, Chevron Corporation, ExxonMobil Corporation, LyondellBasell Industries Inc., INEOS Group Ltd.,  E. I. Dupont De Nemours & Company, Sabic, and Sinopec Ltd among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

 

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Sunglasses Market Analysis, Impact of COVID-19 on Sales, Business Opportunities in 2021

 The global Sunglasses market size is expected to reach USD 27.72 billion by 2026 according to a new study by Polaris Market Research. The report “Sunglasses Market Share, Size, Trends, Industry Analysis Report By Product (Polarized, Non-Polarized), By Material (CR-39, Polycarbonate, Polyurethane, Others), By Channel (Online, Offline), By Regions, Segments & Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Demand for sunglasses has led to the need for reduced dependency on spectacles and uptake of contact lenses. Therefore, growing awareness among the general population regarding the importance of protecting the eyes is the key driving force for the market. Sunglasses exhibit the highest growth rate, which is a direct result of burgeoning prices, especially in the high-end segment of the market. The expected increase in the demand of sunglasses for health, lifestyle, and cosmetic purposes is also expected to drive the market.

 

Companies such as Luxottica Group S.p.A., Prada SPA, Safilo Group S.p.A, Fielmann AG, De Rigo SpA, Kering SA, Capri Holdings, LVMH, Marcolin S.p.A, and Maui Jim are some of the key players operating in the market.

 

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The average selling price of sunglasses is expected to be highest in the Europe, which is expected to drive the revenue in this market. Due to the dominant presence of major players of the market in Europe, there exists higher brand awareness and thus higher demand for the high-end sunglasses sector. This can be attributed to increasing awareness regarding eye healthcare and a trendsetting consumer base backed by abundant disposable incomes.

  

Increasing purchasing power backed by rising disposable incomes among the consumers across various regional markets is expected to drive the demand for sunglasses across the global market. Growing income level and households in the middle class have led to increased aggregate disposable income in developing regions.

 

Additionally, the proliferation of the internet and online retailing services is expected to positively impact the market. The Japanese market is characterized by growing demand for online purchase of sunglasses. However, growth in internet retailing has resulted in low product prices and thus has adversely affected the revenue streams. Growing purchase volumes of sunglasses are expected to curb the impact of this trend over the next seven years. High scope for penetration in this sector is expected to be an opportunity for industry participants.

 

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Independent retailers and stores are businesses under private ownerships. These are usually single-store operations and offer both high risks and high rewards for the store owner. Major sunglasses vendors and brands give away franchising rights to individuals or enterprises willing to open up independent stores for a specific brand, retailer, or vendor for a certain royalty or franchise fee to be given to the sunglasses manufacturer.

 

Manufacturers have also made available prescription eyewear and sunglasses across several regions to grow their customer base. However, there lies a strong belief among consumers that sunglasses sold at certain drugstores are not customized and not in accordance with the prescription, due to which they do not focus the images but rather make them appear larger, thus costing significantly lesser.

 

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Polyolefins Market 2021 Industry Outlook, Comprehensive Insights, Growth and Forecast

 The New report “Polyolefins Market Share, Size, Trends, Industry Analysis Report By Feedstock (Polyethylene, Polypropylene, Ethylene Vinyl Acetate, Thermoplastic Olefins, Others), By Application (Film & Sheet, Injection Molding, Blow Molding, Extrusion Coating, Fiber, Others), By Regions, Segments & Forecast, 2019 – 2026” provides a complete analysis of present market trends and future insights.

 

The global polyolefins market size is estimated to reach USD 447.0 billion by 2026, growing at a CAGR 6.2% during forecast period. according to a new report by Polaris Market Research. Polyolefins are the polymeric compounds of olefins and account for over 50% in weight of the produced polymers. The global market comprises more than 300 grades of commercial polyolefins with wide array of mechanical properties. The two major types of polyolefins include polypropylene and polyethylene. They are further subdivided into several grades for numerous end-use applications.

 

Increasing improvements in plastic technologies, creation of reasonably priced indoors fixtures in vehicles and strict business requirements regarding carbon emissions had been key elements using the enterprise. PE or Polyethylene is fast growing product in terms of volume. High tensile strength along with high impact resistance of the product has contributed to its demand in film and sheet and packaging sectors. PE can be heated to its M.P., cooled and heated again as in line with requirement without great degradation in strength or quality. This offers it prominence in geomembranes, plastic films and bags.

 

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The worldwide polyolefins marketplace has witnessed rapid increase resulting from very excessive consumption of polyethylene and polypropylene for special end-uses. Plastic demand has grown significantly global and has led to increased consumption of polyethylene. Consumer goods and meals packaging are one of the prime drivers for Organic Cereals marketplace.

 

Infrastructure improvement, elevated monetary boom and rising according to capita intake have satisfactorily illustrated the increase of possibilities inside the polyethylene industry, resulting in extended consumption of polyolefins. The call for of polyethylene for consumables which includes films, packaging materials and several other items for massive industrial packages and home cause is an important growth parameter.

 

The growing monetary increase of numerous growing countries across the globe, with improved life and growing non-public disposable earning has helped using commodity products. Such phenomenon is anticipated to elevate the income sales for the end-use merchandise of polyethylene and polypropylene. The global polyolefins constitute of stringent regulatory rules, which is anticipated to be a purposeful restraint.

 

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Many nations across the world are efficiently creating an after-use plastics economy to lessen the environmental effect of such compounds. Development in the after-use collection, reprocessing & storage infrastructure; radically increasing best, economics & uptake of recycling; and growth inside the monetary attractiveness of retaining substances in the device are a number of the crucial parameters undertaken by the enterprise gamers to beautify sustainability.

 

The hastily increasing countries with large populations such as China, India and Indonesia encompass very high future boom for the market. Asia Pacific is the most money-making as PE and PP consumption boom is related to substitution of conventional materials, population demographics and infrastructure improvement.

 

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The Organic Cereals market is highly competitive and comprises large number of domestic and international players. Some of the key players in Organic Cereals market include ExxonMobil Chemical, DowDuPont, Sinopec Corporation, Total SA, Arkema SA LyondellBasell, SABIC and Chevron Philips Chemical Company.

Tool Steel Market Is Expected to See Huge Growth. Latest Research Report

 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.

 

Specialty Generic Drugs Market Size, Share, Opportunities, In-Depth Analysis and Forecasts

 The Global Specialty Generic Drugs Market Is Anticipated To Reach USD 190.9 Billion By 2025 According To A New Study Published By Polaris Market Research. Specialty Generics Drugs Are The Generic Forms Of Pharmacological Drugs. These Drugs Are Economically Cheaper In Contrast To Branded Drugs. Even So, Development And Commercialization Of Specialty Generics Drug Are More Complex When Compared With Conventional Generics Drugs. Companies Are Entering Into Specialty Generic Drugs Market To Manufacture Generic Forms Of The Products By Forming New Drug Formulations. In Addition, Global Capacity Of Conventional Or Traditional Generics Drugs Market Is Also Forcing Companies To Seek Newer Opportunities.

 

Increase In The Number Of Off-Patent Specialty Drugs Is Factor Estimated To Form The Lucrative Growth In Specialty Generic Drugs Market. For Instance, The Patent For Novartis Drug Gilenya Is Estimated To Expire In 2019. This Drug Has Made Approximately 14% Sales Growth Of Novartis. Such Early Patent Expirations Are Expected To Boost The Global Market Growth. In Addition, The Rise In The Number Of People Suffering Cancer Is Anticipated To Bolster The Global Market Growth. According To World Health Organization (WHO) 2015, Approximately 160,000 Individuals In The U.S. Were Filed To Have Various Cancers. Thus, With The High Prevalence Of Cancer Case Requiring Drugs Are Anticipated To Increase The Global Specialty Generic Drugs Market Growth.

 

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North America Is The Highest Spending Region In Healthcare, Yet, This Region Started To Put Cutting Healthcare Expenditure. The Current Economic & Financial Crisis And The Existence Of A High Geriatric Population Are Some Of The Key Reasons For The Cost Cut In Healthcare Infrastructure Over This Region. This Creates The Need For Developing Novel, Enhanced, And Economic Methods For Production Of Specialty Generics Drugs. This Factor Is Further Anticipated Boost The Global Specialty Generic Drugs Market In The Forecast Period.

  

The Global Specialty Generic Drugs Market Is Segmented On The Basis Of Application, Route Of Administration, Distribution Channel, And Region. On The Basis Of Application, The Global Specialty Generic Drugs Market Is Segmented Into Oncology, Infectious Diseases, Multiple Sclerosis, Hepatitis C, And Others. Based On The Application The Oncology Segment Dominated The Global Market In 2017. Increased Prevalence Of Cancer, Such As Melanoma, Lung Cancer, Breast Cancer, Leukemia, Prostate Cancer, And Colon Cancer Has Directed To Rise In Demand For Generic Specialty Drugs Globally. According To International Agency For Research On Cancer (IARC), 2012, Globally Approximately 14 Million Cancer Cases Were Diagnosed, And This Number Is Projected To Rise During The Upcoming Period. Thus, With The Increasing Prevalence, There Is The Huge Demand For Low-Cost Generics Drugs That Are Less Expensive And Highly Effective In Comparison To Branded Drugs.

 

On The Basis Of Route Of Administration, The Global Market Is Categorized Into Oral, Parenteral, Topical, Injectable, And Others. In 2017, The Injectable Segment Estimated For The Largest Market Share Majorly Owing To Benefits, Such As Long Duration Of Action, Immediate Dose Distribution, And Quick Absorption. On The Basis Of The Distribution Channel, The Global Specialty Generic Drugs Market Is Segmented Into Retail Pharmacies, Hospital Pharmacies, And Online Pharmacies. In 2017, Hospital Pharmacy Is Estimated To Share The Major Market Globally As These Specialty Drugs Are Highly Compound, Expensive, And Required To Be Handled Very Carefully. Thus, These Drugs Are Generally Distributed By Manufacturers Through Hospital Pharmacies.

 

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Some Of The Major Key Players Operating In Global Specialty Generic Drugs Market Are Mylan N.V., Teva Pharmaceuticals USA, Inc., Sandoz International Gmbh, Mallinckrodt, Akorn Inc., Valeant Pharmaceuticals International Inc., Endo Pharmaceuticals Inc. Pfizer Inc., Sun Pharmaceutical Industries Ltd., And Apotex Corp. Among Others

 

Polymer Gel Market Analysis, Impact of COVID-19 on Sales, Business Opportunities in 2021

 According to a new research published by Polaris Market Research the worldwide Polymer Gel Market is anticipated to reach around USD 8,836 million by 2026. In 2017, the personal care segment dominated the global market, in terms of revenue. In 2017, Asia-Pacific accounted for the majority share in the global polymer gel market.

 

The use of polymer gel in wide applications such as personal care, healthcare, agriculture, pharmaceutical, and construction among others majorly drives the growth of this market. Growing awareness regarding personal care and increasing disposable income, especially in developing regions boost the growth of the. The consumers are increasingly using products such as contact lenses, cosmetics, and personal care products, thereby augmenting the growth of polymer gel market. Technological advancements and increasing applications in pharmaceuticals and healthcare sectors would provide growth opportunities in the future. New emerging markets, emerging consumer demographics, and technological advancements would provide growth opportunities for polymer gel market in the coming years.

 

 

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Asia-pacific is expected to lead the global polymer gel market during the forecast period. A significant rise in the infant and geriatric population has been registered over the past few years, boosting the growth of polymer gel market. Increasing awareness personal care and hygiene, and rising disposable incomes in developing countries of this region augment the market growth in the region. Increasing application of polymer gel in healthcare and pharmaceutical also supports growth in this region. Use of polymer gel in agriculture, construction, and waste treatment further increases the demand of polymer gel in Asia-Pacific. Polymer gels are increasingly being used in manufacturing robotic actuators and artificial muscles. The increasing need of automation in manufacturing and other industries in the region drive the growth of robotics, thereby strengthening the market of polymer gel. 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.

 

The personal care segment is expected to lead the market during the forecast period owing to wide applications in the industry. Polymer gel is used in diapers and female hygiene products owing to their high absorbing properties. Polymer gel is also used in cosmetics and contact lenses. Increasing   disposable income and rising awareness regarding personal hygiene boosts the growth of the market.

 

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 The well-known companies profiled in the report include LG Chemicals Ltd., Chemtex Specialty Limited, BASF Corporation, Evonik Industries, FIMA Group Ltd, Nippon Shokubai Co., Ltd., SDP Global Co., Ltd., Sumitomo Seika Chemicals Co., Ltd, Ma’s Group Inc., and Dow Chemicals among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

 

Automotive Collision Repair Market Analysis, Impact of COVID-19 on Sales, Business Opportunities in 2021

 Global Automotive Collision Repair Industry: Set to Witness Huge Growth by 2028

The global automotive collision repair market size is anticipated to reach USD 219.62 billion by 2026 according to a new report published by Polaris Market Research. The report “Automotive Collision Repair Market Size, Share & Trends Analysis Report By Product (Paints and Coatings, Consumables, Spare Parts); By Vehicle Type (Passenger Vehicles, Commercial Vehicles, Two-Wheeler); By End-Use; By Region, Segments & Forecast, 2019 – 2026” provides current market insights and future market trends.

 

In 2018, spare parts segment dominated the global market, in terms of revenue. In 2018, Europe accounted for majority share in global market. The market requires advanced protective materials which also meets the stylized highlights of the automobile. The quickly propelling paints and coatings innovation supports the market development. The organizations are under critical pressure to stiffen safety standards and guidelines and damages to vehicles which further aid market growth. The copious growth of hybrid and electric vehicles will offer market opportunities to growth during forecast period. Digitalization of automotive repair and collision services also supports market growth.

 

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In 2018, Europe accounted for highest share of market revenue in global automotive collision repair market. The prime factors driving growth in the region include an established automotive industry, technological finesses and copious investments in R&D. Strict regulations responsible for vehicular safety and emissions accelerate growth in market. The rising safety concerns, unending list of accidents, introduction of driverless cars and car beautifications and ramp-up further increases the market growth in the region. The rise in driverless cars and a spurt in demand for electric vehicles increase the demand for market. With increasing sales and aging of vehicles globally, market is set to grow.

 

The global automotive collision repair market is segmented on the basis of product, vehicle type, end-use and geography. Based on product, the market is segmented into paints and coatings, consumables and spare parts. Spare parts accounted for highest share in market in 2017 owing to spate of road accidents on the road. The quickly propelling paints and coatings innovation which bend over to the desires for most recent defensive car material and done-up requests is the key explanation behind paints and coatings section development. Paints and Coatings are required to achieve expanded selection in high volume displays over the estimation time frame owing to overwhelming environment concerns relating to use of harmful synthetic coatings and refinishing materials.

 

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The vendors are introducing new products to meet rising customer desires. In addition, the leaders are acquiring and collaborating with top companies in the market to enhance their offerings and expand customer base. The leading players in the market include Denso Corporation, Continental AG, 3M, Honeywell International, Inc., DuPont, BASF, Johnson Controls, Inc., ZF Friedrichshafen, Robert Bosch GmbH, Federal-Mogul LLC, Automotive Technology Products LLC, Caliber Collision and Henkel AG&Co., KGaA.

 

Polaris Market research has segmented the automotive collision repair market report on the basis of product type, vehicle type, end-use and region.

• Automotive Collision Repair Product Outlook (Revenue, USD Billion, 2015 – 2026)
  • Paints and Coatings
  • Consumables
  • Spare Parts
• Automotive Collision Repair Vehicle Type Outlook (Revenue, USD Billion, 2015 – 2026)
  • Passenger Vehicle
  • Commercial vehicle
  • Two-wheelers
• Automotive Collision Repair End-use Outlook (Revenue, USD Billion, 2015 – 2026)
  • OEMs
  • Aftermarket
  • Others
• Automotive Collision Repair Regional Outlook (Revenue, USD Billion, 2015 – 2026)
  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
  • Asia Pacific
    • India
    • China
    • Japan
  • Latin America
    • Mexico
    • Brazil
  • MEA

High Purity Alumina Market Is Expected to See Huge Growth. Latest Research Report

 The global high purity alumina market is expected to reach USD 7.20 billion by 2026 according to a new study published by Polaris Market Research.

 

The leading players operating in the high purity alumina market globally are Altech Chemicals limited, Sumitomo Chemicals Co. Ltd., Nippon Light Metal, Alcoa Inc., Baikowski Pure Solutions, Orbite Technologies Inc., and Polar Sapphire Ltd. among others.

 

The global high purity alumina market has been divided based on purity level, application, and technology. Considering the purity level, the market is classified into 4N, 5N, and 6N. It is the 4N level of purity held the largest market share in the market followed by 5N and 6N. The enormous application of the lithium-ion batteries where the 4N purity level of alumina is maintained has resulted in the segment holding the largest market share of more than 40% and will continue to maintain its dominance in the forecast period of 2018-2026.

 

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On the basis of application, the high purity alumina market comprises of semiconductors, sapphire, phosphorus, and electronic display among others. Here the electronic display held the largest market share which can be contributed to the huge demand for LED-based electronics globally. Moreover, the LED is more environment-friendly and sustainable that has led to the government pushing the application of LED making it one if the fastest growing technology globally.

 

The market for high purity alumina is also bifurcated by technology into hydrolysis, and HCL based. It is the hydrolysis segment that held the largest market share because of its feasibility and lower operational cost. The HCL based technology still is at a nascent stage and needs more time to get commercialized.

 

A few major driving factors for the high purity alumina market are growing demand for high-resolution electronics like television and smartphones that use high purity alumina for better display. Moreover, the rise in demand for smart wearables and other technological devices that uses LED is further having a positive impact and driving the market for high purity alumina globally. Among the regions, Asia-Pacific is expected to hold the largest market share in the global high purity alumina market over the forecast period of 2018-2026, followed by North America and Europe.

 

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Some of the major business strategies adopted by companies operating in the high purity alumina market are innovations in product and technology, geographical expansion, and mergers & acquisitions among others. For example, Altech Chemicals Ltd formerly known as Australian Minerals and Mining Group Ltd that is working on a reaction of a relatively low impurity kaolin that is 1.4% Fe2 O3 +TiO2 with HCL acid for producing 4N HPA in a 4,000 tonnes pa capacity plant. In addition to this, Orbite Aluminae Inc. formerly known as Exploration Orbite V.S.P.A. Inc has been working on the completion of 3 tonnes/day 5N high purity alumina production plant that utilizes HCL acid extraction from the aluminous clay.

 

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Robotic Process Automation Market Size, Share, Opportunities, In-Depth Analysis and Forecasts

 The robotic Process Automation (RPA) market size is anticipated to reach USD 8,781.2 million by 2026 growing at a CAGR of 29.5%. Requirement of businesses to eliminate human errors due to manual interference in processes along with reduction in time consumption are factors responsible for positively influencing the adoption rate of RPA technology.

 

Previously artificial intelligence and robotic process automation were largely considered to be different technologies. But, with advancements in the offerings it is observed these technologies are complimenting each other in terms of handling processes. It enables organizations in processing huge volumes of data and in providing support for better decision making. Cognitive computing which covers wide array of areas including adaptive learning, speech recognition, and pattern identification is integrated in robotic process automation (RPA) solutions to transform and automate crucial business processes of organizations across multiple industry verticals.

 

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The major key players operating in the robotic process automation (RPA) market include Blue Prism Group Plc (UK), Celaton Ltd. (UK), Softomotive (UK), Kofax Ltd. (U.S.), Xerox Corporation (U.S.), Automation Anywhere Inc. (U.S.), Ipsoft, Inc. (U.S.), UiPath (U.S.), Verint Systems Inc. (U.S.), Pegasystems Inc. (U.S.), Redwood Software (Netherlands), Daythree Business Services sdn bhd (Malaysia), and Kryon Systems (Israel).

 

 

The potential of achieving robust ROI from deployment of RPA completely dependent on the organizational requirements and business processes which are to be automated. In the near future, the market is expected to witness growing base of RPA vendors as they target to gain revenue share from this expanding market. This is expected through introduction of solutions which will cater to the rising need to automate business process management processes. Furthermore, the adoption is expected to intensify as the prices of RPA deployment are continually witnessing a declining trend. Moreover, this technology adoption provides organizations the capability to accomplish better outcomes from their process with benefits including reduction in costs, improved accuracy, and better compliance.

 

However, factors like reluctance in the transition phase from conventional business process to automation along with shortage in technical expertise required during deployment and integration of RPA solution are challenges which might affect the growth in this market. roThis market report includes insights with market size and forecast by process, by operation, by type, by industry, and by organization size. Analysis for each region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) is provided for all segmentation of the robotic process automation market research report.

 

North America is expected to be largest regional market while Asia Pacific regional market is expected to witness significant growth during the forecast period of 2018 to 2026. The region’s leading position is attributed to significant demand and preference of the BFSI industry vertical towards automation of business processes. Furthermore, presence of established and major players in North America region and availability of infrastructure for effective adoption of RPA is another factor responsible for the boost in adoption of robotic process automation solutions.

 

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European region is expected to witness growth in this market as the region has a presence of significant amount of companies in the manufacturing and logistics sector. Adoption of RPA technology provides the capability to streamline pickup and drop operations. This eventually leads to reduction in cycle time ultimately resulting in enhanced customer experience.

Biochar Market Is Expected to See Huge Growth. Latest Research Report

 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.