3D Printing Construction Market Business Developments, Segmentation and Technologies 2021-2028

 3D Printing Construction Network | 2021 Scope of Current and Future Industry 

The global 3D Printing Construction market size is expected to reach USD 14,896.4 million by 2026 according to a new study by Polaris Market Research. The report “3D Printing Construction Market Share, Size, Trends, Industry Analysis Report, By Construction Type (Modular, Full Building); By Process (Extrusion, Powder Bonding, Others); By Material (Concrete, Plastic, Metal, Hybrid, Others); By End-User (Building [Residential, Commercial, Industrial], Infrastructure); By Regions; Segment Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The 3D Printing in Construction market is projected to witness a significant growth over the forecast period. The processing of the components in the 3D printer depends on the input file in a computer-controlled program. Use of software program in these printers significantly reduces human errors involved in conventional processes. Standardization of work is possible with the help of 3D printers, which would ultimately result into reducing the operational costs and reduction in human errors. The ease of using this technology and the reduction in errors drive the growth of the 3D printing market. This technology also offers design flexibility, efficient building of complex structures, and reduced carbon footprint.

 

Some of the major market participants include XtreeE, WinSun, Skanska, Apis Cor, Branch Technology, AI build, Zhuoda Group, Cazza construction Company, Contour Crafting Corporation, Monolite UK, Sika, Cybe Construction, Mx3D, Centro Sviluppo Progetti, Icon, and Imprimere Ag.

 

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In October 2019, Apis Cor and the University of Nantes collaborated to construct a building in Warsan, Dubai, which holds the Guinness record for largest on-site 3D printed building. The building was printed on-site using mineral-infused fluids capable of solidifying into concrete. With increasing investments in the global 3D printed building market, specialist companies, construction firms, and building material manufacturers are collaborating to develop new and advanced building solutions to cater to the growing consumer demand. In 2019, there were 65 active companies who are offering these solutions for architects and engineers in the infrastructure industry, which is a significant increase from 20 active companies in 2013.

 

 

Apart from 3D printing startups, building and infrastructure giants such as VINCI Construction Grands Projects, and Bouygues Construction among others are collaborating with 3D printing solution providers to tap into the growing market. Education and research centers such as Nantes University, Massachusetts Institute of Technology, and Loughborough University among others who further offer tremendous support for development of these solutions and development process.

 

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The demand for 3D printing for industrial buildings has increased to reduce high costs and time associated with constructing the infrastructure. In 2019, the building segment accounted for the highest market share. To address shortage of affordable housing solutions, companies such as Haus.me and S-Squared are developing low priced, and sustainable 3D printed housing options. These companies have peaked the interest of consumers in 3D printed houses with greater convenience in construction and speed.

 

On the basis of construction type, the market is segmented into modular, and full building. Modular construction is being used for mass production of objects in factories to be later transported to site. Availability of a wide range of printing materials, reduced transportation cost, decrease in labor costs, and substantiating policies and financial aid provided by government in research and development would support the growth of this segment.

 

Asia Pacific emerged as the largest market in 2019 and is expected to maintain its dominance over the forecast period. Various government investments in 3D printing projects, increased expenditure in infrastructure and growing demand for green construction solutions are factors offering growth opportunities in the market.

 

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Pentaerythritol Market 2021 Key Stakeholders, Subcomponent Manufacturers, Industry Association 2027

 Pentaerythritol Network | 2021 Scope of Current and Future Industry 

The global pentaerythritol market is anticipated to reach USD 2.34 billion in 2026 and is estimated to grow at a CAGR of 6.1 % from 2018 to 2026. Pentaerythritol market is anticipated to witness significant growth over the forecast period. Pentaerythritol, an environment-friendly raw material has an advantage of utilizing it as a material for manufacturing. It has a greener process of chemical reactions which leads to the less wasteful material. The overall amount of pollution and waste can be reduced by finding ways to embed greener raw material in the current process, which is still using the non-green material.

By using alcohols on a huge industrial scale of the reaction, both acetaldehyde and formaldehyde can be formed which will not waste resources. Formaldehyde can be synthesized from the oxidation of CH3OH (methanol, wood alcohol) with approximately 90% yield. Since the above-mentioned materials can be procured from nature, the preparation results in a greener reaction.

 

Owing to eco-friendly nature, pentaerythritol is a greener and useful material to use. The preparation of it creates very less waste and is created from materials which are derived naturally. It is created by condensing formaldehyde (CH2O) and acetaldehyde (CH3CHO) in a liquid solution with the presence of sodium hydroxide (NaOH), a strong basic hydroxide.

 

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The raw materials of pentaerythritol including methanol, acetaldehyde, and formaldehyde are used in various applications such as automotive, food & beverage, pulp & paper bleaching, medical, and agriculture. The end use application is growing in a significant manner over the forecast period. The already scarcity of aforementioned raw materials is depleting over the time which makes it more scarce.

 

Alkyd paints application segment had the highest market penetration in 2013. The segment is also expected to show the highest growth rate over the forecast period. Owing to less price and its toughness, alkyd coating is more common than natural oil paints. Based on oil coating, few applications include residential trim, cabinets, furniture, and doors. Moreover, metal doors & railings, and industrial equipment are its few applications.

 

Alkyd ink and plasticizers emerged as the second-largest segment in terms of growth rate but have a low penetration rate. The increase in demand for pentaerythritol is expected to propel the growth of alkyd inks. The alkyd ink includes properties such as film foaming, pigment interaction. Phthalate is the most generally expended kind of plasticizers, with low phthalates being at the cutting edge. DOP is broadly utilized as a universally useful plasticizer particularly with PVC.

 

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Taking lubricants into consideration, the market size, as well as the penetration in the market, is low as compared to other applications. The year on year growth of lubricant is low owing to high drain out time which reduces the consumption of the same. Lubricants are also open to the volatility of price owing to crude oil as a source. Fluctuation in prices of crude oil is expected to affect the cost and price of lubricants which in turn is forecasted to persist low market size and low penetration rate.

 

Pentaerythritol is majorly bought in bulk by the companies wherein the buyer and supplier enter into long term contract thus contributing favorably to buyer power. The importance of pentaerythritol for various end use customers, contributes negatively to buyer power. The bargaining power increases because of negligible difference of the pentaerythritol with every supplier. Hence, the bargaining power of buyer for pentaerythritol is moderate owing to aforementioned factors.

 

Technical Textiles Market 2021 Key Stakeholders, Subcomponent Manufacturers, Industry Association 2027

 Technical Textiles Network | 2021 Scope of Current and Future Industry 

The global technical textiles market is anticipated to reach USD 14.93 billion by 2026 according to a new study published by Polaris Market Research

 

The primary driving factors for the global market includes the increasing consumer profiles along with income levels, rising end user sectors such as automobiles, sports, healthcare etc. The overall industrial and infrastructure development in the emerging and developed nations are yet other potential reasons for the market growth. Moreover, the initiatives from several governments and other regulatory bodies in attracting substantial investments in development of novel technical textile product are also anticipated to drive the industry growth. These products represent mainly a next generation of smart textiles with potential use in various fashion products, technical textiles and furnishing applications. The basic notion of these smart textiles consists of the textile structures that senses and also reacts to various stimuli from the environment. The market expansion of these products is owing to the new textile fiber types and its structure, miniaturization of the electronics and also wireless & wearable technologies.

 

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The technical textiles include around 51 potential products for high growth that accounted for over 25% of industry size in 2017. A few of these include mulch mats, shade nets, anti-hail, crop covers, anti-bird nets, incontinence diaper, baby diapers, sanitary napkins, surgical disposables, artificial heart valves, bullet proof jackets, disposable bed sheets, nuclear protective clothing, chemical protective clothing, industrial clothing etc. These products represent multi-disciplinary segments with several application sectors. Advancements in functionality of technical fibers and yarns including low elongation at break high tenacity, low thermal shrinkage, high modulus, high resistance to corrosion, higher thermal stability etc. which were the outcome of significant investments in R&D by industry participants have been helpful in increasing its applications in numerous industries.

 

 

Some of the leading industry participants currently operating in the industry include DuPont De Nemours & Co., Royal Ten Cate, Johns Manville, Ahlstrom Corporation, GSE Environmental Inc., Proctor and Gamble, Freudenberg & Co., Hindustan Technical Fabrics Limited, Huesker Synthetic GmbH and 3M.

 

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North America was the leading regional market in 2017. Along with increasing penetration of these products, consumption of technical textiles is increasing, and several nations cater to their demand by mainly importing these smart textiles from the U.S. The primary export markets of the U.S. include India, Vietnam, Brazil and Taiwan. Taiwan and Korea have emerged as a potentially powerful competitor to the US. The Asia Pacific market is projected to grow at a faster rate compared to other regions.

Hearing Aids Market Analysis, Impact Of Covid-19 On Sales, Business Opportunities In 2021

 According to a new report published by Polaris Market Research, the global hearing aids market is anticipated to reach USD 6,992.1 million by 2025. In 2017, by technology, digital technology segment dominated the market in terms of revenue and hold major share in the market. Regionally, Europe accounted for the major share in the hearing aid market.

 

The hearing aid market is primarily driven by increasing incidences of hearing loss due caused due to increased noise pollution, rising geriatric population, and need for continuous technological advancement of the devices. Moreover, deafness due to ear infections, and birth complications also influence the growth of hearing aids market during the forecast period.

 

Behind the ear (BTE) hearing aid constitutes a major market share owning to its benefits like high efficiency, easy use, and better connectivity. However, canal hearing aids are estimated to grow at a higher rate due to the increased preference for invisible aids with better functions and connectivity.

 

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Based on the patient type the hearing aids market is segment as adult patients and pediatric patients. Adult patient hearing aid market anticipated higher growth during the forecast period. This growth is majorly attribute by increasing number of geriatric population worldwide and increasing incidences of hearing loss.

 

 

Technologically, hearing aids market is segmented into digital hearing aids and analog hearing aids. Digital hearing aids holds major market share in hearing aids market and is estimated to grow at a faster rate in the forecast period.  The growth of digital hearing aids is primarily driven by continuous technology advancements & innovations that provide wireless connectivity to all types of smartphones with improved listening experience in noisy environments.

 

Europe holds a dominating position in the global hearing aids market which is followed by North America and Asia Pacific. The growth in the European hearing aids market is majorly driven by the increasing number of geriatric population, increased prevalence of hearing loss, and availability of technological advanced hearing aids. However, high cost of the devices can impede the growth of hearing aid market in Europe.

 

The leading companies operating in this industry include Sonova, Gn Store Nord, William Demant Holding A/S, Widex A/S, Sivantos, Starkey, Zounds Hearing, Sebotek Hearing Systems, Benson Hearing, Microteck Systems, Medtronics, and Microscan.

 

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Key Findings from the study suggest products available in the market are continuously concentrating on the technological advancements. Companies while developing new technology considers the factors such as increasing disposable income and increasing number of geriatric population globally. Europe is presumed to dominate the global hearing aid market over the forecast years and Asia Pacific region shows signs of high growth owing to the booming economies of India, and China.

 

Polysilicon Market Trends and Dynamics, Drivers, Competitive landscape and Future Opportunities 2028

 Polysilicon Network | 2021 Scope of Current and Future Industry

The global polysilicon market size is estimated to reach USD 9.68 billion by 2026 says a new report published by Polaris Market Research. The report “Polysilicon Market Share, Size, Trends, Industry Analysis Report By Application (Photovoltaics {Monocrystalline Solar Panel and Multicrystalline Solar Panel} and Electronics), By Regions, Segments & Forecast, 2019 – 2026” gives an accurate analysis of current market indices and taps future market trends.

 

Polysilicon is a high-purity silicon grade and a major raw material for the electronics and photovoltaic (PV) industries. Silicon has profuse abilities from which it is manufactured. The three commercial processes for extracting it from silicon are quite lucrative. Polysilicon finds itself useful in production of PV wafers which is another strong growth factor for global market.

 

The product is characteristically identified by two grades. One is electronics and the other solar. The electronics grade is used to manufacture microelectromechanical systems, optics, power conversion devices and Integrated Circuits. The solar grade is used in manufacturing photovoltaic cell. 

 

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The global solar installations surpassed 100 GW for the first time in 2017. This phenomenon has raised the ranking of polysilicon and wafers that are manufactured. Though the solar installation has grown prolifically on a global basis, the market witnessed less supply in 2017. The weak demand came about due to China with feed-in-tariff deadline and lack of transmission line that occurred in West China form sunnier regions.

 

Globally, solar energy has been actively adopted for different end-use industries in various applications. This has resulted in increased consumption of polysilicon in photovoltaic industry. An improvement in emerging countries of the world with rising disposable incomes has been major parameters for success of these end-use sectors. The demand for consumer electronics has also risen due to such economic and social factors.

 

Polysilicon is extensively used in electrical and electronics industry for manufacture of electrical components such as integrated circuits, which are an integral component in all electronics circuits and assemblies. A rising demand for smart phones, personal computers and data storage devices has given industry wide traction in the electrical and electronics industry globally.

 

China is a major consumer and also the largest PV module-manufacturing base which are factors responsible for growth of market in the country. However, there are minor obstacles in market on account of feed-in-tariff and ongoing trade disputes between China and United States. The situation in China has worsened the financial leg of US because US has lost access to China’s PV manufacturing industry, leaving a huge financial loss in its wake.

 

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Asia Pacific is anticipated to be the largest and fast-growing regional market due to industrial growth of its countries, especially the emerging countries. China, India, South Korea and Japan have significantly contributed to growth in region. The global polysilicon market comprises large multinational and domestic companies. The industry is moderately consolidated and highly competitive.

 

The key industrial players in global polysilicon market include REC Silicon, Wacker Chemie, LDK Solar Company Ltd., Tokuyama Corporation, CSG holdings Co., Ltd., Mitsubishi Materials Corporation and GCL Poly Energy Holdings Ltd.

 

Polyvinyl Chloride Market 2021 Scenario, Strategies, Growth Factors and Forecast 2028

 Polyvinyl Chloride Network | 2021 Scope of Current and Future Industry

The global polyvinyl chloride (PVC) market size is estimated to reach USD 108.12 billion by 2026, growing at a CAGR of 7.2% during the forecast period, according to a new study published by Polaris Market Research. The report “Polyvinyl Chloride (PVC) Market Share, Size, Trends & Industry Analysis Report [By Grade (Rigid PVC, Flexible PVC, and Others); By Application (Pipes & Fittings, Films & Sheets, Wire & Cables, Bottles, and Others); By End-Use (Building & Construction, Automotive, Electrical & Electronics, Packaging, Footwear, Healthcare), By Regions] Segments & Forecast, 2019 – 2026” provides a comprehensive analysis of present market insights and future market trends.

Polyvinyl Chloride is a vinyl chain polymer and retains its position among top three polymers, coming as it does after polyethylene and polypropylene as the largest produced synthetic commodity chemical. The global PVC market is mainly driven by its high demand in some of the high profile industries that includes electrical and electronics, building and construction, automotive, and packaging.

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Polyvinylchloride has an amorphous structure with polar chlorine atoms and possesses fire retardant properties and oil/chemical resistance. PVC is identified with further properties such as being light-weight, having good mechanical strength, abrasion resistance and toughness associated with it. 

Polyvinyl chloride is presented in two grade types. The two grades belong to rigid and flexible and have diverse applications globally. The rigid polyvinyl application includes door and window frames, pipes, bottles and credit cards and other non-food packaging. Wires, cables, sheets, films, profile, pipes, fittings and sliding are applications that belong to flexible polyvinyl chloride.

An ever-increasing population in company with rising disposable incomes has led to proliferation of many end-user industries that raise the bar in consumption areas for polyvinyl chloride. A spurt in consumer electronics products unilaterally increases the demand for polyvinyl chloride in electronics industry. Light-weight and advanced automotive products have led to the steadfast growth of polyvinyl chloride.

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Drivers to robust growth of polyvinyl chloride include jubilant building and construction sector, high demand for automotive components with a large market share in automobile industry and rising medical devices. Restraints for PVC Market include growing competition from steel and construction pipes and drawbacks in prohibition of PVC in construction of green building.

Technological in-roads are playing a decisive role in the thriving growth of PVC Industry. Modified PVC, PVC- M and PVC-O have come about because of technical prowess in PVC and are used across a wide application area. Controlling harmful emissions are yet another aspect of technical developments in PVC product. The reduction is equivalent to 99.45% reduction in lead additives and 90% in harmony with PVC Industry energy and Greenhouse Gas Emissions Charter.

  

Asia Pacific is the most prolific regional market for polyvinyl chloride and the regional demand rises from China, India, Vietnam and Indonesia and Thailand. China is the world’s largest importer of polyvinyl chloride and has a huge product base of polyvinyl chloride with massive investments thrown in.

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U.S. and Europe are two exceedingly well-established markets for polyvinyl chloride. The United States is the largest exporter of PVC with offshore market presence coupled with economical shipping globally. Western Europe and U.S. are two global leaders with almost identical market size.

The key players in polyvinyl chloride include a spate of large multinationals and important regional players. The companies include China National Chemical Corporation, Formosa Plastics Corporation, Occidental Petroleum Corporation, Mexichem Sab de CV, Saudi Plastics Products Company Ltd., LG Chem, SABIC (Saudi Arabia Basic Industries Corporation) and Shin Etsu Chemical Co. Ltd.

Palm Oil Market 2021 Key Stakeholders, Subcomponent Manufacturers, Industry Association 2027

 Palm Oil Network | 2021 Scope of Current and Future Industry

The global palm oil market is anticipated to reach USD 147.59 billion by 2026 according to a new study published by Polaris Market Research. Palm oil is a versatile and important raw material for food, personal care, and other commodity products. The volatility in crude prices, comparatively high hydrocarbon fuel prices along with strong efforts globally to reduce greenhouse gas emissions, demand for biofuels from the transport sector have significantly increased. This is mainly owing to palm oil’s competitiveness in productivity and prices. Rising demand for organic food products, cosmetics, detergents and other naturally ingredient rich or derived commodities, popularity of palm and palm kernel oil have increased exponentially over the past decade.

 

The significant increase in output of the product was mostly influenced by the continued global expansion of planted areas of oil palm. The fact became more apparent when oil palm was featured and considered as a crucial socio-economic harvest in most of its producing countries. The rising market of the product in the worldwide oils & fats industry has been accomplished by leveraging its techno economic advantages compared with the other vegetable oils along with some of the other developments in respect to environment, health, and security of supply globally. These positive factors and developments associated with the product will continue influencing its dominant role globally in the fats & oils demand and supply equation.

 

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Palm oil offers the maximum output value in comparison to other major oilseed crops, such as soya bean, rapeseed, and sunflower. Indeed, the overall annual value per hectare for the product at USD 1135 is highly remunerative than the rapeseed at USD 696, soya bean at USD 543 and sunflower at USD 334. Therefore, in an market space in most nations, where the agricultural or farming land has been shrinking with increasing urbanization owing to industrialization, which is also coupled with the most important fact that inside the agricultural industry oilseeds compete with different grains for larger arable land available, cultivation of oil palm seems to be the most obvious and potential option to satisfy the needs growing oils & fats globally.

 

Asia Pacific is the leading regional palm oil market in terms of consumption and production of palm oil. Indonesia and Malaysia are the leading global producers of palm oil. Indonesian palm oil market cultivation expanded significantly owing to the encouragement of Indonesian Government’s foreign investment plans. The trade along with economic liberalization as well as deregulation of policy and de-bureaucratization created an attracting investment climate.

 

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In Malaysia, palm oil market is well developed and a diversified market. Aside the smallholders and plantations sectors, the processing sector is well-established, that encompasses the refining, milling, crushing and also the oleochemical subsectors. The regional demand for palm oil is meet with a small part production from these two countries and the rest is exported to the USA and Europe.

 

Some of the leading industry participants include Wilmar International, Univanich Palm Oil Public Company Limited, United Palm Oil Industry Public Company Limited,, Sime Darby Plantations, Siat Group of Companies, PT Indofood Sukses Makmur Tbk, PT Astra Agro Lestari Tbk, Musim Mas Group, MM VitaOils Sdn Bhd,, Kuala Lumpur Kepong Berhad, Kempas Edible Oil Sendirian Berhad, IOI Group, Intercontinental Specialty Fats,  Golden Agri Resources Ltd,  Genting Plantations, Fuji Vegetable Oils Inc, Dekel Oil, Carotino Group, California Oil Corp, Boustead Group, Alami Group,  and ADM.

 

 

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Insurtech Market Quantitative Assessment by Industry Analysis across the Value Chain

 Insurtech Network | 2021 Scope of Current and Future Industry

The global insurtech market size is expected to reach USD 45.09 billion by 2028 according to a new study by Polaris Market Research. The report “Insurtech Market Share, Size, Trends, Industry Analysis Report, By Deployment Model (On-Premise, Cloud); By Insurance Type (Commercial Insurance, Property and Casualty Insurance, Health Insurance, Life Insurance, Others); By End-Use; By Technology; By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Significant increase in the data generation coupled with increasing adoption of wearable tech, rising use of social media to identify gaps and offer improved customer services provide numerous growth opportunities for the market. The growing adoption of smartphones and other mobile devices combined with reducing data storage costs also fuels the market growth. An increasing need for risk modeling and fraud analytics, and the growing integration of technologies such as IoT, blockchain, cloud computing, and artificial intelligence among others boosts the market growth of the global Insurtech industry.

Cloud-based deployment is set to play an increasingly important role across diverse industries owing to increasing dependence on the cloud for data storage and instant access of vital data at any time and place. It enables efficient application development, management, and access. Cloud-based deployment provides rapid delivery, efficient use of shared resources, and increased scalability.

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The different insurance types covered in the report include commercial insurance, property and casualty insurance, health insurance, life insurance, and others. There has been an increasing trend of using geospatial analytics for property insurance. Organizations are integrating affordable aerial imagery with machine learning for property insurance. The adoption of geospatial analytics offers enhanced decision-making and fewer actions during property inspections.

The end-users covered in the report include BFSI, healthcare, manufacturing, government, retail, transportation, and others. There is a major demand for insurtech from the BFSI sector owing to the increasing need for risk modeling and analysis, and fraud prevention. The data generated by banking and financial institutes are highly confidential and improvement in data security provided by the integration of advanced technologies such as blockchain, cloud computing, and machine learning would boost the adoption of insurtech during the forecast period.

Predictive analytics is a major part of insurtech, which is being implemented by organizations to predict probable future events by reviewing current and historical data and using modeling techniques. It uses mathematical and data techniques to explore predictive patterns and trends. It includes data mining, web mining, text mining, and statistical time series forecasting. Organizations implement predictive analytics for the identification of risks and opportunities. Predictive analytics is experiencing increased adoption owing to predictive modeling, decision analysis, and optimization, and transaction profiling.

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North America market dominated the global insurtech industry in 2020 and is expected to maintain its dominance over the forecast period. Rising adoption in industries such as retail, healthcare, transportation, and manufacturing in the North American region is a significant driver for market growth.

The rise in investment by small and medium-sized businesses, along with technological advancement in the telecommunication industry is expected to drive the market growth for insurtech during the forecast period. Businesses are adopting insurtech to gain valuable consumer and market insights, gain knowledge about probable future events, make data-driven business decisions, and offer improved customer services.

Owing to technological advancements, and the growing need to improve customer experience, companies are collaborating in order to retain the customers and gain market share. Some of the major market participants include Oscar Insurance, Trōv, Inc., Wipro Limited, DXC Technology Company, Zhongan Insurance, Friendsurance, Shift Technology, Quantemplate, GetInsured, Insurance Technology Services, Analyze RE, Majesco, Allay, Damco Group, Bayzat, and Claim DI.

Polaris Market research has segmented the Insurtech market report on the basis of deployment model, insurance type, end-use, technology, and region:

 

Insurtech Deployment Model Outlook (Revenue, USD Million, 2016 – 2028)

• On-Premise
• Cloud

Insurtech Insurance Type Outlook (Revenue, USD Million, 2016 – 2028)

• Commercial Insurance
• Property and Casualty Insurance
• Health Insurance
• Life Insurance
• Others

Insurtech End-User Outlook (Revenue, USD Million, 2016 – 2028)

• BFSI
• Healthcare
• Manufacturing
• Government
• Retail
• Transportation
• Others

Insurtech Technology Outlook (Revenue, USD Million, 2016 – 2028)

• Cloud Computing
• Blockchain
• Big Data and Analytics
• Artificial Intelligence
• IoT
• Machine Learning
• Others

Finished Lubricants Market Business Developments, Segmentation and Technologies 2021-2027

 Finished Lubricants Network | 2021 Scope of Current and Future Industry

The report “Finished Lubricants Market Share, Size, Trends, Industry Analysis Report By Type (Metal Working Fluids, Transformer Oils, Gear Oils, Hydraulic Oils, Engine Oils), by Base Oil Source (Mineral, Synthetic, Semi-synthetic), by (Grade 1, 2, 3, 4 & 5), by (Compressor, Transformers, Bearings, Natural Gas Engines, Hydraulics, Metal Working, Heat Transfer Equipment, Others), by End-Use (Automotive, Oil Refining, Textile Manufacturing, Metal Working, Petrochemical & Chemicals, Industrial, Others), By Regions, Segments & Forecast, 2018 – 2026” provides a comprehensive analysis of present market insights and future market trends. The global finished lubricants market size is estimated to reach USD 146.3 billion by 2026, at a CAGR of 5.4% according to a new report by Polaris Market Research.

The global finished lubricants are a product much sought after and in demand among oil marketing companies globally. Lubricant manufacturers have been attacking growth to attain sustainability within the industry. The erstwhile manufacturers are focusing on maintaining their brand image in order to fight stiff competition. This being the factors, product offerings by finished lubricants has been rising over the past few years in an attempt for companies to spread fast and thin and penetrate new targets.

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In a fiercely competitive market, sales volume is largely dependent on depth and scale of campaigns. The manufacturers and OMC take recourse to channel marketing in order to tap new markets in the automotive industry via different retail outlets, adjacent industry and service providers.

Vehicle design also has a say in the type of lubricants used by automotive especially type of fuel quality in different parts of the world. Performance requirements are driven chiefly by OEM demands especially from the industrial sector for reduced carbon remains, optimized fuel consumption and enhanced efficiency.

Amongst economies, Asia Pacific is largest revenue market because of heightened industrial activity here and rising fleet of automotive in India, China and South Korea. Product demand is anticipated to be completely flat in North America and Europe.

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The finished product manufacturers will experience heavier demand coming from high value and premium products including bio-based and semi-synthetic finished product. The key industrial players in product market include BP, Castro, Shell Oil Marketing Company, Essar Oil, Universal Lubricants, Hindustan Petroleum, Bharat Petroleum, Reliance Oil, Gulf Oil Corporation and Sinopec Corp amongst others.

Location Analytics Market Trends and Dynamics, Drivers, Competitive landscape and Future Opportunities 2028

 Location Analytics Network | 2021 Scope of Current and Future Industry

The report “Location Analytics Market Share, Size, Trends, Industry Analysis Report By Component (Solution, Services); Solution (Geocoding And Reverse Geocoding, Data Integration And ETL, Reporting And Visualization, Thematic Mapping And Spatial Analysis); By Location Type (Indoor, Outdoor); By Application (Risk Management, Emergency Response Management, Customer Experience Management, Remote Monitoring, Supply Chain Planning And Optimization, Sales And Marketing Optimization, Predictive Assets Management, Inventory Management); By Verticals (Retail, Manufacturing, Govt & Defense, Media & Entertainment, Transportation, Energy & Utilities); By Regions, Segments & Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The global location analytics market size is expected to reach USD 29.87 billion by 2026 according to a new study by Polaris Market Research. In business sector, almost everything exists at a particular location and at a specific time. It could be things such as products, raw materials, facilities, employees, customers, agents, or events. Businesses can make more well-versed decisions by understanding how these components relate to one another through location analytics. This can improve both efficiency and effectiveness of the businesses. Furthermore, location analytics helps in targeting and understanding customers and also helps in optimizing business processes.

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The key players in the market include SAS Institute, Esri, Oracle, Pitney Bowes, Microsoft, Galigeo, Cisco Systems, IBM, Purple, GeoMoby, Alteryx, Inc., CleverAnalytics, IndoorAtlas, Lepton Software, and Quuppa among others.

The location analytics market is mainly driven by increasing usage and application of spatial data and analytical tools in various industrial sectors. Furthermore, factors such as increasing adoption of location-based applications and tools among users, growing necessity for predictive analytics in several business applications, growing adoption and necessity of innovative technologies, and increasing penetration of social media for customer engagement are also driving the growth of the market across the globe. Moreover, location analytics can considerably help the in making targeted decisions, aid in visualizing business performance, and also help in lowering costs and mitigating risks in supply chain management.

However, factors such as concerns with data privacy and legal worries, high initial cost of deployment, and deficiency of uniform regulatory norms, are expected to hinder the growth of market during the forecast period. Furthermore, increasing security concerns, lack of technical expertise and awareness, and poor connectivity and data integration also restraints the market growth.

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North America and Europe take hold of more than half of overall market. As the retail industry in these regions is experiencing a significant boom, and penetration of smartphones and other advanced tools is high, there is rapid growth in adoption of analytical business intelligence and geographic information systems technology. Likewise, increasing focus on customer needs and customer satisfaction also plays a major role in development of this market. Furthermore, large number of individual customers or enterprises in Europe extensively use location-based mapping services, which has made this region a R&D hub for the market.

In European countries, location analytics is largely used to conduct marketing campaigns and customer management with an aim of business expansion. Furthermore, growing smartphone industry, and increasing adoption of GPS tracking systems has also enhanced the growth of location analytics in European countries. However, based on growing number of smartphone and social media users, service providers and enhancement of networking technologies, Asia-Pacific is expected to witness a fastest growth in the global market during the forecast period. Huge population base, growing internet penetration has made this region a popular area of expansion for established as well as emerging companies. This is largely contributing to the growth of the market in Asia-Pacific region.

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Blood Glucose Monitoring Device Market Quantitative Assessment by Industry Analysis across the Value Chain

 Blood Glucose Monitoring Device Network | 2021 Scope of Current and Future Industry

 

The Blood Glucose Monitoring Device market is anticipated to reach over USD 2.61 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the orthopedic treatment dominated the global Blood Glucose Monitoring Device market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue in 2017.

 

The increasing need for home care diagnosis and real time data by the end users to primarily drive the blood glucose monitoring device market during the forecast period. These devices have potential market due to the rising technology advancements in this industry during the forecast period. Moreover, the major supporting factor for this market growth is the number of populations suffering from diabetes. According to the World Health Organization (WHO), approximately there were direct deaths if 1.6 million in 2015, and this number is attributed to rise by 2030 making diabetes the 7^th leading cause of death globally.

 

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Furthermore, the changing life style of the people, and rising preference to the sedentary life style to also support the market growth in the coming years. However, lack of awareness, limited use of these devices, and no proper reimbursements regulation by the government would impede the market growth during the forecast period. 

 

North America generated the highest revenue in the Blood Glucose Monitoring Device market in 2017, and is expected to be the leading region globally during the forecast period. Increasing demand, rising patient awareness for proper self-diagnosis methods, which saves the time, money, and provides accurate real-time data about the patient health. Also, decreasing cost & time of treatment, and continuous research and development in the same field to also boost the market growth in coming years. While, Asia Pacific blood glucose monitoring device market  is supposed to the fastest growing market during forecast period.

 

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The key players operating in the Blood Glucose Monitoring Device market include Abbott Laboratories, Terumo Corporation, ARKRAY Inc., Medtronic Plc., Acon Laboratories Inc., Roche Diagnostics Ltd., Johnson & Johnson, Novo Nordisk A/S, Becton, Dickinson and Co., Sanofi, Bayer AG, Ypsomed AG. 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.

 

 

Legal Marijuana Market Analysis, Impact Of Covid-19 On Sales, Business Opportunities In 2021

 Legal Marijuana Network | 2021 Scope of Current and Future Industry

The global Legal Marijuana Market size is expected to be more than USD 90.5 billion by 2027 according to a new study by Polaris Market Research. Increasing penetration of Legal Marijuana in applications other than recreational such as pharmaceuticals, and increasing medical prospects are some of the factors propelling the market growth. Legal Marijuana is being used for treating a wide variety of diseases including cancer, arthritis, neurological conditions, Parkinson’s diseases, among others and this factor is expected to propel market growth.

 

Pain management therapies segment is witnessing rapid growth across the globe. This therapy is increasingly being used to treat elders suffering from chronic pain. Legal Marijuana are finding wide applications in pain management therapies due to their overall efficacy, easy availability and relatively low prices as compared to other counterparts and this trend is expected to benefit the overall Legalized Cannabis market growth over the forecast period.

 

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Several studies have pointed out that the usage of Legal Marijuana to treat mental disorders yield desired and positive results. Changes in lifestyle and fast paced lifestyles, advent of nuclear families, social media, among others are some of the factors that have resulted in rising number of mental disorders such as depression, anxiety disorders, Alzheimer’s diseases, etc. This trend is expected to benefit the demand for Legal Marijuana for mental disorder treatment and thus boosting the market growth.

 

 

North America emerged as the largest market for Legal Marijuana in the year 2019, and the segment is expected to continue to lead the market in terms of penetration and is also expected to witness a robust growth rate during the forecast period. A major contributor to this scenario is the strong demand from the U.S. There is widespread usage of Legal Marijuana in the country and this has resulted in the U.S. being one of the foremost consumers of Legal Marijuana across the globe.

 

Many states in the U.S. have issued clear directives as well as regulations pertaining to the usage of Legal Marijuana. This has resulted in widespread generalization pertaining to its usage. Other states which have not yet drafted such regulations, are under constant pressure from advocate groups, associations, among others for doing the same. All in all, the advent of Legal Marijuana is set to have a long-term impact on the food & beverage industry in the country.

 

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Some of the major market participants include Cannabis Sativa, Inc., United Cannabis Corporation., Tikun Olam, Ltd., Tilray., Lexaria Corp., GW Pharmaceuticals, plc., Canopy Growth Corporation., Aurora Cannabis, Aphria, Inc, and Maricann Group, Inc. among others. Broadening of product portfolio, strong analysis of consumer buying behavior, and efforts taken to increase awareness regarding Legal Marijuana usage are some of the key industry scenarios. Companies often have to navigate through different regulations in different parts of the world and have ensure strict compliance to it prior launching their products. In countries such as the U.S., different regulations exist for different states.

 

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Disposable Cups Market Quantitative Assessment by Industry Analysis across the Value Chain

 Disposable Cups Network | 2021 Scope of Current and Future Industry

The global disposable cups market size is expected to reach USD 20.21 billion by 2028 according to a new study by Polaris Market Research. The report “Disposable Cups Market Share, Size, Trends, Industry Analysis Report, By Product (Paper, Plastic, Foam), By Form (Dry, Liquid), By End-Use (Commercial, Institutional, Household); By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa); Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Disposable cups are a suitable alternative to mugs, glasses, or any other utensil, especially if consumers are seeking any kind of outdoor activity like picnic, camping, or traveling to some other places. Social gatherings and family celebrations are also likely to propel the market growth. Single service disposable cups have many uses in homes, as they are perfect for serving samples, serving refreshments such as expresso, and cappuccino, and child-friendly options.

 

Most homes across the globe are keeping disposable cups in kitchen cabinets to prevent the spread of germs. Small cups are also handy when mixing paints, adhesives for home recreational activities. Such foreseen factors likely to fuel the market growth.

 

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With the current outbreak of COVID-19, most food service companies all over the globe have taken significant measures to ensure the safety of their employees. Fast food behemoths such as Starbucks, McDonald’s, and Dunkin’ have announced the suspension of their bring your container program in the line of the pandemic.

 

These cups are considered hygienic when it comes packaging of food and drink. Thus, many small and big food operators rely on disposables, as there are very limited deliveries. It is being predicted that, as COVID-19 spreads, such practices are expected to remain dominant in the coming years.

 

Asia Pacific is projected to witness a lucrative market growth over the study period. This is primarily due to the rise in urban population, emergence of food chains and outlets, rising disposable income. Western food chains are witnessing remarkable growth in these emerging countries, such as China, India, and South Korea.

 

Moreover, according to the article published by the Financial Express, the Indian food industry is likely to expand manifold. Such market factors are projected to foster the market demand for disposable cups over the forecast period.

 

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Market participants operating in the disposable cups industry include Go-Pak UK Ltd., Huhtamäki Oyj, Berry Global Group Inc., Pactiv LLC, DUNI AB, Dart Container Corporation, WestRock Company, Genpak, LLC, ConverPack Inc., and Benders Paper Cups.

 

Polaris Market Research has segmented the disposable cups market report on the basis product, end use, and region:

Disposable Cups, Product Outlook (Revenue – USD Million, 2016 – 2028)

• Paper
• Plastic
• Foam

Disposable Cups, End Use Outlook (Revenue – USD Million, 2016 – 2028)

• Commercial
• Institutional
• Household