Contactless Biometrics Technology Market With Business Strategies And Analysis To 2028

 The contactless biometrics technology market size is expected to reach USD 35.05 billion by 2028 according to a new study by Polaris Market Research. The report “Contactless Biometrics Technology Market Share, Size & Trends Analysis Report, By End-Use (Banking & Finance, Government, Consumer Electronics, Healthcare, Transport & Logistics, Defense & Security, Others); By Component; By Application; By Region; And Segment Forecasts, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The factor driving the market growth for contactless biometrics technology is increasing demand for high-level protection in the residential, industrial, and public sectors. Owing to increased terrorist activities and possible dangers, market demand for facial and voice recognition software in security and surveillance applications has risen significantly in recent years.

 

This contactless biometrics software is widely used for identification purposes at airports, but its use has been growing at customs and border checks, as well as by police to identify and detain people at demonstrations in recent years.

 

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The rapid growth of contactless biometric technology is being fueled by rapid advances in automatic identification and data capture technology in e-commerce, retail, border control, and BFSI. Government policies to promote the use of touchless technology are also propelling the industry forward.

 

The use of voice and facial recognition systems in the banking and financial industry is growing in tandem with the growth of digital banking around the world. Contactless biometrics provide an extra layer of protection, are more convenient, and are a more user-friendly method of verifying customers in order to provide a superior and consistent experience.

 

Increased demand for smartphones and tablets with facial recognition features for added security is also driving the market growth for Increased demand for smartphones and tablets with facial recognition features for added security is also driving the market growth for contactless biometrics technology.

 

The global market for contactless biometrics technology has some major key players which are operating it, which includes Fujitsu Limited, Aware Inc., Touchless Biometric Systems AG, NEC Corporation, IDEMIA, Fingerprint Cards AB, HID Global, nViaSoft, M2SYS Technology, and Gemalto N.V.

 

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These companies contribute to the market by being part of mergers & acquisitions or launching new products. Fingerprint Cards AB announced the release of the latest FPC1025 sensor in May 2020. The company has expanded its touch sensor portfolio with this launch.

This sensor aims to provide the best biometric output while using the least amount of electricity, and it will be available in a variety of form factors. Devices and applications that need reliable, streamlined user authentication may use FPC1025.

Polaris Market Research has segmented the contactless biometrics technology market report on the basis of component, application, end-use, and region:

 

Contactless Biometrics Technology, Component Outlook (Revenue – USD Million, 2021 – 2028)

• Software
• Hardware
• Service

Contactless Biometrics Technology, Application Outlook (Revenue – USD Million, 2021 – 2028)

• Face
• Fingerprint
• Hand Geometry
• Iris
• Voice
• Others

Contactless Biometrics Technology, End-Use Outlook (Revenue – USD Million, 2021 – 2028)

• BFSI
• Government
• Consumer Electronics
• Healthcare
• Transport & Logistics
• Defense & Security
• Others

 

Mucormycosis Market Overview, Trends Forecast Analysis By Top Manufactures

 The global mucormycosis market size is expected to reach USD 616.1 million by 2028 according to a new study by Polaris Market Research. The report “Mucormycosis Market Share, Size, Trends, Industry Analysis Report; By Diagnosis (Computed Tomography, MRI, Tissue Biopsy); By Treatment (Surgery, Antifungal Drugs, Amphotericin B Therapy, Others); By End-Use; By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The emergence of the COVID-19 pandemic along with the increasing cases of blood cancers and diabetes will be the main factors for the growth of the global market during the forecast period. Organ and bone marrow transplantation along with increasing immune-competent patients due to the conditions like HIV will also boost the growth of the global market.

 

COVID-19 has significantly impacted the globe with over 150 million cases detected worldwide. Brazil is the third-worst affected country with more than 15 million cases and India which is clocking more cases than any other country, in May 2021, and has detected more than 20 million cases from the beginning of the pandemic. Mucormycosis cases are increased in the COVID-19 patients who have undergone treatment.

 

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Steroid drugs are typically used to manage the disease condition in these patients and even though the drugs are effective in treating corona it will lead to weak immune system and blood sugar level and the patients who taken steroid medication are prone to developing mucormycosis.

 

In India, there is an enormous increase in fungal infection, and in few hospitals in urban areas, five to ten people are coming for mucormycosis treatment. Before the pandemic, mucormycosis was very rare and the emergence of COVID-19 is expected to give a major boost to the growth of the global market.

  

Every year nearly 1.8 million hematological cancers are diagnosed across the globe and bone marrow transplantation is a treatment procedure to treat these conditions. The improved technology has resulted in the increased organ transplantation in the market.

 

In the U.S. market alone, nearly, 37,000 organ transplant procedures were conducted, in 2018. Most of the patients who underwent transplant take immunosuppressive drugs which will put them at the risk of developing mucormycosis.

 

Mucormycosis is a deadly fungal disease caused by species such as Rhizopus, Mucor, Saksenaea, Apophysomyces, Lichtheimia, Cunninghamella, Rhizomucor, and others. The mortality rate of mucormycosis ranges from 17 to 66% in patients and the patients who overcome mucormycosis will suffer from blindness and organ dysfunction.

 

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Computed tomography (CT), Magnetic resonance imaging (MRI), and tissue biopsy are mainly used in the diagnosis of fungal infection in the market. Amphotericin B therapy, surgery, and antifungal drugs are the main treatment methods to cure mucormycosis.

 

Many new drugs in the market are approved to treat mucormycosis due to the increasing number of fungal infections. For instance, in March 2021, Bharat Serums and Vaccines Limited received Indian regulatory approval (DGCI) for the use of Liposomal Amphotericin B or LAmB for the treatment of mucormycosis.

 

Market Participants such as Biocon Limited, Abbott Laboratories, Cadila Pharmaceuticals Limited, F. Hoffman La Roche, Novartis AG, Merck Sharp and Dohme, Bristol Myers Squibb, Mylan Labs, Bayer AG, Sanofi, Lonza Group, Johnson & Johnson, Gilead Sciences, and Pfizer Inc. are some of the key players operating in the global market.

 

Polaris Market Research has segmented the mucormycosis market report on the basis of diagnosis, treatment, end-use, and region:

 

Mucormycosis, Diagnosis Outlook (Revenue – USD Million, 2016 – 2028)

• Computed Tomography (CT)
• Magnetic Resonance Imaging (MRI)
• Tissue Biopsy
• Others

Mucormycosis, Treatment Outlook (Revenue – USD Million, 2016 – 2028)

• Surgery
• Antifungal Drugs
• Posaconazole
• Isavuconazole
• Voriconazole
• Fluconazole
• Flucytosine
• Others
• Amphotericin B Therapy
• Others

Mucormycosis, End use Outlook (Revenue – USD Million, 2016 – 2028)

• Hospitals & Clinics
• Medical Institutes
• Research Organization
• Others

 

Night Vision Device Market Size, Outlook, Key Prospects And Future Growth

 The global night vision device market size is expected to reach USD 11.76 billion by 2028 according to a new study by Polaris Market Research. The report “Night Vision Device Market Share, Size, Trends & Industry Analysis Report, By Device Type (Goggles, Cameras, Scopes, Glasses, Binoculars & Monocular), By End-Use (Defense, Wildlife Spotting, Wildlife Conservation, Surveillance, Navigation); By Technology; By Region, And Segment Forecasts, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Night vision devices enable the market users to see through dark or low-intensity light. These devices are also named night optical/observation devices which is the optical instrument and pose-ability of creating images in levels of light in the darkness.

 

These devices are most commonly used in military and law enforcement personals. The equipment such as scopes, goggles, and binoculars assist a soldier during the dark. There are various components present like photocathode, image intensifier, front lens, image intensifier. Image intensifier tubes can amplify low-level images formed by weak emissions.

 

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At present, due to COVID-19, governments are compelled to use advanced NVDs around the globe. Some of the measures taken by the government include the development of stringent surveillance mechanisms to point the spread of corona. Also, different companies are seen to reform their continuity models by investing in improved models. For instance, to detect the local gatherings, drones integrated night vision cameras have become a great aid to the police. Also, these devices can detect individuals without masks in public areas.

 

The major factor driving the market growth in adoption of these devices integrated with Near-infrared Imaging technology for the purpose of safety, security, and surveillance applications. These devices are highly adopted owing to the ability to detect and track motions that take place under the cloak of darkness.

 

Furthermore, technological innovations like enhancements in the components which are used in night vision devices have highly contributed to the development of the NVDs market development. For example, the integration of goggles with weapon location devices lets the military personnel point the target with high accuracy. These advanced products are widely available and drive market growth. Also, lightweight night vision devices gain traction in the market, for instance, lightweight binocular devices have excellent optical performance.

 

Some of the key market players which play an important part in the global market include American Technologies Network Corporation; Raytheon Company; Harris Corporation; FLIR Systems, Inc.; Yukon Advanced Optics Worldwide; Apresys, Inc., Luna Optics; Bushnell; Firefield; and L3 Technologies, Inc.

 

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Similarly, BAE Systems has unveiled a new night vision and thermal imaging headset. The latest goggle, which is mounted on a rifle, uses Bluetooth to stream a live video feed from the thermal weapon scope. This headset would improve the soldier’s ability to acquire and engage targets by combining night vision and thermal imaging capabilities into one display on the goggle.

 

Polaris Market Research has segmented the night vision device market report on the basis of device type, application, technology, and region:

 

Night Vision Device, Device Type Outlook (Revenue – USD Million, 2016 – 2028)

• Goggles
• Cameras
• Scopes
• Glasses
• Binoculars and Monocular
• Others

Night Vision Device, Technology Outlook (Revenue – USD Million, 2016 – 2028)

• Image Intensifier
• Thermal Imaging
• Others

Night Vision Device, End-Use Outlook (Revenue – USD Million, 2016 – 2028)

• Defense
• Wildlife Spotting
• Wildlife Conservation
• Surveillance
• Navigation
• Others

 

Histology And Cytology Market Size, Outlook, Key Prospects And Future Growth

The global histology and cytology market size is expected to reach USD 37.08 billion by 2028 according to a new study by Polaris Market Research. The report “Histology and Cytology Market Share, Size, Trends, Industry Analysis Report, By Examination Type (Histology, Cytology); By Product (Instrument & Analysis Software System, Consumables & Reagents); By End-Use (Life Sciences, Clinical Diagnostics); By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Histology is a branch of biology that deals with the microscopic analysis of tissues for the diagnosis of chronic disorders mainly in cancer and also in other conditions such as autoimmune disorders and infections. Histology involves tissue preparation, tissue staining, hybridization, and microscopy. Whereas, cytology is a branch of biology that deals with the microscopic analysis of cells for the diagnosis of various chronic disorders.

 

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Virtual microscopy is one of the most significant market developments in microscopy and immunohistochemistry, and it is estimated to drive market demand for histology and cytology tests. Users can create virtual slides, which can then be stored on a network server and accessed by other users via virtual microscopy.

 

The increasing incidence of cancer globally is the main driving force for the market growth of the histology and cytology. Every year, more than 19 million cancer cases are diagnosed worldwide, and the most common type of cancer is breast cancer, which is diagnosed in more than 2 million people every year. Cancer is an emerging healthcare problem in Africa and South Africa could see an estimated increase of 78% cancer cases, by 2030.

 

The emergence of digital platforms powered by AI along with new product launches and acquisitions is expected to drive the global market for histology and cytology during the forecast period. ONCORE Pro, an automated staining system was launched by Biocare Medical, LLC in January 2021 that has applications in Immunohistochemistry (IHC). ONCORE Pro System can process 36 slides simultaneously that will help in-vitro diagnostic labs to improvise their throughput of sample processing.

 

Mosaic Laboratories that offer histology services was acquired by Caprion-HistoGeneX in January 2021. The acquisition will help Caprion-HistoGeneX to improve its services in histopathology biomarker analysis for clinical trials. Mosaic is specialized in multiplex IHC with spectral imaging, and it has well-proven capabilities to support exploratory biomarker analysis services for clinical and preclinical trials.

 

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Market Participants such as Roche Ltd., Thermo Fisher Scientific, Inc., Hologic, Inc., Becton, Dickinson & Company, Merck KGaA, Danaher Corporation, Abbott, Sysmex Corporation, Koninklijke Philips N.V., and Trivitron Healthcare are some of the key players operating in the global market.

 

Polaris Market Research has segmented the histology and cytology market report on the basis of type of examination, product, end-users, and region:

 

Histology and Cytology, Examination Type (Revenue – USD Million, 2016 – 2028)

• Histology
• By Technique
• Microscopy
• Immunohistochemistry
• Molecular pathology
• Cryostat & Microtomy
• Cytology
• By Technique
• Microscopy
• Immunohistochemistry
• Molecular pathology
• Cryostat & Microtomy
• By Application
• Cervical Cancer
• Breast Cancer
• Bladder CancerLung Cancer
• Other Cancers

Histology and Cytology, Product Outlook (Revenue – USD Million, 2016 – 2028)

• Instruments and Analysis Software System
• Consumable and Reagents

Histology and Cytology, End-Use Outlook (Revenue – USD Million, 2016 – 2028)

• Life Sciences
• Clinical Diagnostics

 

Complementary And Alternative Medicine Market With Business Strategies And Analysis To 2028

 The global complementary and alternative medicine market size is expected to reach USD 391.32 billion by 2028 according to a new study by Polaris Market Research. The report “Complementary And Alternative Medicine Market Share, Size, Trends, Industry Analysis Report, By Intervention (Traditional Alternative Medicine/Botanicals, Mind Healing, Body Healing, External Energy, Sensory Healing), By Distribution Method, By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Medical tourism, which draws people from all over the world and encourages them to pursue world-class alternative medical care, is also being promoted by regulatory bodies. In some Indian states, for example, regulatory agencies have invested heavily in settings standards of alternative facilities. “Ministry of Ayush” is established to oversee yoga, Ayurveda, homeopathy, and naturopathy education, product creation, research, and many other services in India.

 

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Alternative treatments include the Alexander process, aromatherapy, natural medicine, homeopathy, reiki, naturopathy, acupuncture, and yoga. Not only industry players, but also medical settings, are implementing profitable business growth strategies to ensure successful marketing and promotion of alternative medicine therapies.

 

Yoga and other modern medicines that concentrate on the mind are projected to benefit a lot of traction in the coming years. The growth of the mind healing intervention market of complementary and alternative medicine is expected to be aided by the expanding applications of yoga in chronic illnesses such as cancer, COVID-19, and cardiovascular ailments.

 

More than half of doctors in the United States have recommended at least one alternative health intervention to their patients, according to a report published in January 2020. Furthermore, many female physicians incorporate holistic medicine methods, while male physicians are more likely to prescribe osteopathic manipulation and chiropractic care strategies. The frequency of such surveys is projected to rise, allowing doctors, patients, and medical schools to learn more about the wide variation in alternative therapy use.

 

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Some of the major players in the global market for complementary and alternative medicine include John Schumacher Unity Woods Yoga Centre, The Healing Company Ltd., Columbia Nutritional, Nordic Nutraceuticals, Herb Pharm, Sheng Chang Pharmaceutical Company, Pure encapsulations, LLC, Ramamani Iyengar Memorial Yoga Institute, and AYUSH Ayurvedic Pte Ltd.

 

Polaris Market Research has segmented the complementary and alternative medicine market report based on intervention, distribution method, and region:

 

Complementary and Alternative Medicine, Intervention Outlook (Revenue – USD Million, 2016 – 2028)

• Traditional Alternative Medicine/Botanicals
• Ayurveda
• Apitherapy
• Bach Flower Therapy
• Naturopathic
• Traditional Chinese
• Traditional Korean
• Traditional Japanese
• Traditional Mongolian
• Traditional Tibetan
• Zang-Fu Theory
• Mind Healing
• Autosuggestion
• Hypnotherapy
• Neuro-linguistic Programming
• Self-hypnosis
• Spiritual Mind Treatment
• Transcendental Meditation
• Body Healing
• Acupressure
• Acupuncture
• Alexander Technique
• Auriculotherapy
• Autogenic Training
• Chiropractic
• Cupping Therapy
• Kinesiology
• Osteomyology
• Osteopathy
• Pilates
• Qigong
• Reflexology
• Yoga
• External Energy
• Magnetic Therapy
• Bio-magnetic Therapy
• Magnetic Resonance Therapy
• Radionics
• Reiki
• Therapeutic Touch
• Chakra Healing
• Sensory Healing
• Aromatherapy
• Music therapy
• Sonopuncture
• Sound Therapy

Complementary and Alternative Medicine, Distribution Method Outlook (Revenue – USD Million, 2016 – 2028)

• Direct Sales
• E-sales
• Distance Correspondence

 

COVID-19 Vaccine Packaging and Delivery Market Overview, Trends Forecast Analysis By Top Manufactures

 The global COVID-19 vaccine packaging and delivery devices market size is expected to reach USD 3.58 billion by 2028 according to a new study by Polaris Market Research. The report “COVID-19 Vaccine Packaging and Delivery Devices Market Share, Size, Trends, Industry Analysis Report, By Product (Vials, Syringes); By Packaging (Insulated Shippers, Insulated Containers, Refrigerants) (North America, Europe, Asia Pacific, Latin America, Middle East & Africa); By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The emergence of the COVID-19 pandemic has posed a significant challenge to the healthcare infrastructure across the globe owing to the lack of drugs to cure the condition. The mortality rate is much higher when compared to other kinds of viral associated diseases such as flu caused by Influenza. This has led to a sudden market demand for COVID-19 vaccine packaging and delivery devices.

 

Hence, there is a huge interest in developing vaccines to combat the pandemic. These vaccines need to be packaged and transported properly in a sterile manner and need to be administered properly and this is expected to be the major driving factor for the growth of the global market for COVID-19 vaccine packaging and delivery devices.

 

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There is a huge market demand for the product across the globe. U.S., China, and India are expected to be the biggest market for the COVID-19 vaccine due to their large population and huge investment in vaccine production. Till now, over 1 billion doses of vaccines are administered worldwide with 225.6 million doses in the U.S.; 216.1 million doses in China; and 140 million in India.

 

In March 2021, the U.S. government said that it will order another 100 million doses of the Johnson & Johnson, and the country has already ordered a total of 700 million doses of vaccine. The increasing demand for serums across the globe will be the main driving force behind the market growth for COVID-19 vaccine packaging and delivery devices.

  

In addition, India also has ordered 10 million extra doses of AstraZeneca’s Covaxin, which is produced by Serum Institute of India (SII), and 4.5 million of Covaxin indigenously produced by Bharat Biotech. The country is expected to cover 300 million people by August of this year. However, when compared to the total population, much more doses of vaccines are needed to vaccinate the majority of people across the globe.

 

There are many new serums in the pipeline and with the emergence of new strains pharmaceutical companies are expected to develop new serums. Since packaging and delivery is an integral part of any product manufacturing, there is a huge growth opportunity over the coming for the COVID-19 vaccine packaging and delivery devices industry.

 

Companies are collaborating on the production, packaging, and delivery devices for COVID-19 serums across the world. In March 2021, Novavax and the UK Government Vaccines Taskforce entered into an agreement with GSK under which GSK will support the production of around 60 million doses of the Novavax serum candidate. This is expected to have a positive impact on the market growth for COVID-19 vaccine packaging and delivery devices.

 

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Market Participants such as B. Braun Melsungen AG, Terumo, Becton, Dickinson and Company, Hindustan Syringes & Medical Devices Ltd., SCHOTT AG, Cardinal Health, NIPRO Medical Corporation and Gerresheimer AG are some of the key players operating in the global market for COVID-19 vaccine packaging and delivery devices.

 

Metal Powder Market Size, Outlook, Key Prospects And Future Growth

 The global metal powder market size is expected to reach USD 9.73 billion by 2028 according to a new study by Polaris Market Research. The report “Metal Powder Market Share, Size, Trends, Industry Analysis Report, By Production Method (Chemical, Mechanical, Physical); By Type (Ferrous, Non-Ferrous); By Application (Additive Manufacturing, Powder Metallurgy, Metal Injection Molding, Others); By End-Use; By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Manufacturing companies are increasingly turning towards powder metallurgy for the production of objects using the product. Powder metallurgy includes a combination of alloys, which are compacted in a die, followed by sintering at high temperatures for bonding. Powder metallurgy is a forming technology that offers cost-efficiency, energy savings, and greater surface finish.

 

The different types of the product include ferrous and non-ferrous. The ferrous segment accounted for the highest share in 2020. However, the demand for non-ferrous metal powder is expected to increase significantly during the forecast period.

 

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Aluminum powder is fine and granular and is used for applications such as explosives, automobiles, welding, paints, and the manufacturing of ferroalloys. It also finds application in rocket fuel, printing inks, protective coatings, abrasives and ceramics, and production of inorganic and organic aluminum chemicals.

 

The different applications of the product include additive manufacturing, powder metallurgy, injection molding, and others. The demand for additive manufacturing is expected to increase during the forecast period. Additive manufacturing uses the product for the manufacturing of complex geometries and mass customization of parts.

 

The healthcare industry has registered an increasing adoption of additive manufacturing for medical devices in orthopedics, implantology, and dentistry. Additive manufacturing provides higher design freedom, flexible manufacturing, and mass personalization.

 

The product is used in diverse industries such as defense and aerospace, construction, automotive, healthcare, and others. The automotive segment accounted for the highest market share in 2020. The increasing application of the product for casting, forging, stamping, and manufacturing of automotive components has increased the demand for the product.

 

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Factors such as the growing automotive industry, increasing demand for luxury vehicles worldwide coupled with electrification and modernization of vehicles boost the market growth of the product in the automotive industry. Rising urbanization, technological advancements, and an increase in the sale of passenger vehicles have resulted in diverse applications of the product.

 

Asia Pacific dominated the global market in 2020 and is expected to maintain its dominance over the forecast period. There has been increasing demand for the product from industries such as construction, defense and aerospace, and healthcare, thereby driving the growth of the market in Asia Pacific. Increasing penetration of passenger vehicles coupled with rising awareness regarding the adoption of electric vehicles fuels the market growth in this region.

 

Some of the major market participants include Hitachi Chemicals Co. Ltd., Miba AG, GKN PLC, Hoganas AB, BASF SE, Sandvik AB, Changsha Hualiu Metal Powders Ltd, Metaldyne Performance Group, CNPC Powders, Carpenter Technology Corporation, Allegheny Technologies Incorporated, Advanced Technology (Bazhou) Special Powder Ltd, POLEMA, Alcoa Inc., Yingtan Longding New Materials & Technologies Ltd, Pometon Powder, and RIO Tinto.

 

Mining Drill Bits Market With Business Strategies And Analysis To 2028

 The global mining drill bits market size is expected to reach USD 1.83 billion by 2028 according to a new study by Polaris Market Research. The report “Mining Drill Bits Market Share, Size, Trends, Industry Analysis Report, By Application (Surface Mining, Underground Mining); By Material (Tungsten Carbide, Steel, Diamond, Others); By Type (DTH Hammer Bits, Rotary Bits, Others); By Bit Size; By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The demand for mining drill bits is expected to increase during the forecast period owing to the growing demand for metals and minerals. The growth in the global mining industry and increasing demand for non-renewable resources such as coal and petroleum has resulted in market demand. Growing demand from emerging economies and technological advancements are factors expected to provide numerous growth opportunities in the coming years.

 

The different applications of the product include surface mining and underground mining. The surface mining segment dominated the global market in 2020. However, the demand for thess products for underground mining is expected to increase during the forecast period owing to increasing environmental concerns, reduced wastage, and easier grade control. The demand for these products for underground mining has increased to extract minerals and resources located at a significant distance beneath the ground.

 

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The different materials used for these products include tungsten carbide, steel, diamond, and others. The diamond segment dominated the global market in 2020. Market players are introducing technologically advanced polycrystalline diamond cutters specifically developed for water, oil, gas, and geothermal well drilling. The use of diamond-based products offer benefits such as reduced material loss, decreased noise, minimal chipping, and faster drilling. The tungsten carbide segment is expected to grow at a significant rate during the forecast period.

 

The different types of these bits include DTH hammer bits, rotary bits, and others. DTH hammer bits are used for applications such as underground production drilling, bench drilling, and exploration & foundation drilling. These bits are available in different sizes to increase application in water well drilling and quarrying. These bits are used in hard rock applications requiring a greater rate of penetration and superior underwater characteristics.

 

The bit size segment has been divided into below 5”, 5” – 8”, 8” – 11”, 11” – 14”, and above 14″. Market players are developing the product with different combinations of sizes and concentric and eccentric geometries for different applications and drilling conditions. Currently, in the global drill bits market, companies, manufacturers, and private organizations are collaborating to expand and cater to wider applications and develop advanced technologies.

 

Asia Pacific dominated the global market in 2020 and is expected to maintain its dominance over the forecast period. Rising industrial growth, increasing oil and gas exploration, and growth in consumption of natural resources support market growth in this region.

 

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The demand for the product is expected to increase significantly during the forecast period owing to the increasing demand for minerals and precious metals. Leading global players are expanding their presence in developing nations of this region to tap the growth opportunities offered by these countries.

 

Some of the major market participants include Rockmore International, Caterpillar Inc., Robit Plc, Epiroc AB, Sandvik AB, Western Drilling Tools Inc, Brunner & Lay Inc., Xiamen Prodrill Equipment Co., Ltd., Mitsubishi Materials Corporation, MICON-Drilling GmbH, Boart Longyear, DATC Group, and Changsha Heijingang Industrial Co., Ltd.

 

Polaris Market Research has segmented the mining drill bits market report on the basis of application, material, type, bit size, and region.

 

Mining Drill Bits Material Outlook (Revenue, USD Million, 2016 – 2028)

• Tungsten Carbide
• Steel
• Diamond
• Others

Mining Drill Bits Type Outlook (Revenue, USD Million, 2016 – 2028)

• DTH Hammer Bits
• Rotary Bits
• Others

Mining Drill Bits Bit Size Outlook (Revenue, USD Million, 2016 – 2028)

• Below 5”
• 5” – 8”
• 8” – 11”
• 11” – 14”
• Above 14″

Mining Drill Bits Application Outlook (Revenue, USD Million, 2016 – 2028)

• Surface Mining
• Underground Mining

 

Molded Pulp Packaging Market Overview, Trends Forecast Analysis By Top Manufactures

 The global molded pulp packaging market size is expected to reach USD 5.26 billion by 2028 according to a new study by Polaris Market Research. The report “Molded Pulp Packaging Market Share, Size, Trends, Industry Analysis Report, By Source (Wood Pulp, Non-Wood Pulp); By Type (Transfer, Thick Walled, Processed, Thermoformed); By Product (Trays, Cups and Bowls, End Caps, Clamshells, Plates, Bowls); By End-Use; By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The demand for thermoformed molded pulp packaging is expected to increase during the forecast period owing to its compostable, recyclable, and biodegradable nature. The increasing adoption of thermoformed packaging is the result of stable raw material supply and price, global environmental issues, and modifying buying habits of consumers. Thermoformed molded paste is being used in the healthcare sector for single use packing of surgical instruments for limiting the spread of germs.

The wood market segment dominated the global market for molded packing in 2020. Growing environmental concerns and increasing initiatives to reduce manufacturing waste has increased its adoption worldwide. Wood pulp packing involves the use of low-cost raw material, formation to required shape with no assembly required, and chemical-free pulping process.

 

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The demand for clamshells is expected to increase significantly during the forecast period. The rising popularity of clamshells is attributed to their ease, convenience, strength, and flexibility. Clamshells are used to secure products from poor storage conditions and improper handling during transport. The food industry is increasingly using clamshells to protect food products against airborne contaminants and preserve their freshness. Clamshell boxes can be customized according to customer requirements to accommodate diverse products and improve brand appeal.

The market is segmented into food packing, personal care, industrial, food service, healthcare and pharmaceutical, electronics, and others based on end-user. The food packaging segment accounted for a major market share in the global molded pulp packing industry in 2020. Increasing awareness regarding the use of sustainable packaging solutions has played a large part in the food packing market.

 

Molded packaging is easily recyclable and biodegradable which results in less waste being consigned to landfills. The increase in demand for ready meals owing to its affordability, ease of preparation, and attractiveness for a single-person household would drive the growth of this segment. The emerging nations have been characterized by rising disposable incomes and a burgeoning middle class.

 

Consumers in the emerging nations have shown greater nutritional awareness and interest in wellness foods, which combined with an increased demand for sustainable packing boosts the adoption of molded pulp packing.

 

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Asia Pacific emerged as the largest market in 2020 and is expected to maintain its dominance over the forecast period. There has been an increasing demand for molded pulp packing from personal care, food service, and healthcare sectors in the region. The increasing population, growing inclination of consumers towards beauty trends, and rising demand for sustainable packaging solutions boost the market growth for molded packaging.

 

The increasing environmental concerns and compliance with government norms and regulations boost the market growth for molded packaging. Brands operating in the market are taking initiatives to offer brand differentiation and value to the consumer, while also providing necessary information about the packaged goods, and offering sustainable and eco-friendly packaging solutions.

 

Some of the major companies include Genpak LLC, UFP Technologies, Primeware- By Primelink Solutions, LLC, Fabri-Kal, Huhtamaki OYJ, EnviroPAK Corporation, Sabert Corporation, Protopak Engineering Corporation, Brødrene Hartmann A/S, Henry Molded Products, Eco-Products, Pro-Pac Packaging Limited, Cellulose De La Loire, TEQ LLC, Pacific Pulp Molding, and Thermoformed Engineered Quality LLC.

 

Electronic Thermal Management Materials Market Size, Strategies, Competitive & Factor Analysis 2028

 The report “Electronic Thermal Management Materials Market Share, Size, Trends, Industry Analysis Report, By Type (Gap Fillers, Conductive Tapes, Phase Change Materials, Conductive Paste, Thermal Greases); By End-Use (IT & Telecom, Aerospace, Healthcare, Automotive, Consumer Electronics); By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth. The global electronic thermal management materials market size is expected to reach USD 10.04 billion by 2028 according to a new study by Polaris Market Research.

The market demand for electronic thermal management materials is projected to witness growth over the forecast period owing to increasing demand for high-performing and efficient automated systems. Rising disposable income, growing demand for white goods, and increasing application in healthcare devices for improved and cost-effective services drive the growth of the market. The use of these thermal management materials has increased in the automotive and transportation sector owing to rising urbanization, technological advancements, and the development of autonomous vehicles.

 

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Asia Pacific dominated the global market for electronic thermal management materials in 2020 and is expected to maintain its dominance over the forecast period. Rising industrial growth, urbanization, and growth in the electronics sector support market growth in this region.

 

There has been increasing demand for electronic thermal management materials from industries such as consumer electronics, aerospace, and healthcare, thereby driving the market growth of the electronic thermal management materials in Asia Pacific. Increasing penetration of passenger vehicles coupled with rising awareness regarding the adoption of electric vehicles fuels the market growth in this region.

 

Owing to technological advancements, and the greater need to cater to customer requirements, companies are collaborating in order to strengthen the market presence and gain market share. Some of the major market participants include Boyd Corporation, Henkel AG & Company, KGaA, the 3M Company, Wacker Chemie AG, Laird PLC, Parker Chomerics, Lord Corporation, Dr. Dietrich Müller GmbH, Honeywell International Inc, AI Technology, Inc, DuPont, European Thermodynamics Ltd., Darcoid company, and Marian Inc.

 

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Polaris Market Research has segmented the electronic thermal management materials market report on the basis of type, end-use, and region:

 

 Electronic Thermal Management Materials Type Outlook (Revenue, USD Million, 2016 – 2028)

• Gap Fillers
• Conductive Tapes
• Phase Change Materials
• Conductive Paste
• Thermal Greases
• Others

Electronic Thermal Management Materials Product End-User Outlook (Revenue, USD Million, 2016 – 2028)

• IT and Telecom
• Aerospace
• Healthcare
• Automotive
• Consumer Electronics
• Others

Electronic Thermal Management Materials Regional Outlook (Revenue, USD Million, 2016 – 2028)

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