Propylene Glycol Market Overview, Trends Forecast Analysis By Top Manufactures

 The global propylene glycol market size is expected to reach USD 5.89 billion by 2028 according to a new study by Polaris Market Research. The report “Propylene Glycol Market Share, Size, Trends, Industry Analysis Report, By Grade (Pharmaceutical, Industrial); By Source (Bio-Based, Petroleum-Based); By End-Use (Food & Beverage, Automotive, Personal Care & Cosmetics, Chemical, Pharmaceutical, Construction); By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Propylene glycol is increasingly being used across diverse industries such as pharmaceutical, medicine, automotive, and industrial. There has been an increasing demand for propylene glycol for industrial applications such as paints and coatings, aircraft de-icing, solvent, anti-freeze, and liquid detergents among others. It can provide a heat-transfer medium offering a barrier against pressure burst and corrosion.

 

The different sources of propylene glycol include bio-based propylene glycol and petroleum-based propylene glycol. The petroleum-based propylene glycol segment dominated the global market in 2019. However, the demand for bio-based propylene glycol is expected to increase significantly during the forecast period. Increasing environmental concerns and a growing shift towards the use of organic personal care products drive the growth of this segment.

 

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Bio-based propylene glycol is used in diverse food, pharmaceutical, and personal care products owing to its extremely low toxicity and high-water solubility. Currently, in the global propylene glycol market, companies, manufacturers, private organizations are collaborating to expand and cater to wider applications and develop advanced solutions.

 

The demand for industrial-grade propylene glycol is expected to increase during the forecast period owing to its increasing use in diverse applications requiring low toxicity and low vapor pressure. Industrial grade propylene glycol is used as a solvent, chemical intermediary, and heat transfer medium in applications such as lubricants, deicing fluid, engine coolants, polyester resins, commercial paints, varnishes, and laundry detergents, among others.

 

Propylene glycol is used in diverse industries such as food & beverage, automotive, personal care & cosmetics, chemical, pharmaceutical, and construction. The personal care and cosmetics segment is expected to grow during the forecast period. Propylene glycol is increasingly being used in skincare products, hair care products, color cosmetics, and soaps owing to its superior freezing point depressing, humectant, and mold inhibiting properties.

 

It is also used as a solvent, fragrance ingredient, skin-conditioning agent, and viscosity-decreasing agent. Increasing disposable income, changing lifestyle, rising health concerns, and growing adoption of beauty trends are some factors expected to boost market growth during the forecast period.

 

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Asia Pacific dominated the global propylene glycol market in 2020 owing to rising industrial growth, urbanization, and growth in the automotive sector. Increasing applications in construction, food, and beverage, and personal care industries further increase the demand for propylene glycol in Asia Pacific. Increasing the sale of convenience food products owing to changing consumer lifestyle fuels growth in this region.

 

Some of the major market participants include BASF SE, Global Bio-Chem Technology Group Co., LTD., DowDuPont, Temix Oleo S.R.L., Asahi Glass Co., LTD., Sinopec, INEOS Oxide Ltd., Arrow Chemical Group, Chaoyang Chemicals, Inc., SKC Co., LTD., Tongling Jintai Chemical Industrial Co., LTD., Royal Dutch Shell PLC., Helm AG, LyondellBasell Industries N.V., Adeka Corporation, Huntsman Corporation, and Archer Daniels Midland Company.

 

Polaris Market research has segmented the Propylene Glycol market report on the basis of grade, source, end-use, and region:

 

Propylene Glycol Grade Outlook (Revenue, USD Million, 2016 – 2028)

• Pharmaceutical
• Industrial

Propylene Glycol Source Outlook (Revenue, USD Million, 2016 – 2028)

• Bio-Based
• Petroleum-Based

Propylene Glycol End-Use Outlook (Revenue, USD Million, 2016 – 2028)

• Food and Beverage
• Automotive
• Personal Care and Cosmetics
• Chemical
• Pharmaceutical
• Construction
• Others

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Bioanalytical Testing Services Market Size, Outlook, Key Prospects And Future Growth

 The global bioanalytical testing services market size is expected to reach USD 6.34 billion by 2028 according to a new study by Polaris Market Research. The report “Bioanalytical Testing Services Market Share, Size, Trends, Industry Analysis Report, By Molecule Type (Small Molecule, Large Molecule); By Test Type; By Workflow; By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Bioanalytical testing is the most crucial process involved in the process of drug discovery and development. Bioanalytical methods are employed in pharmacokinetics, bioequivalence, toxicology, pharmacology, and bioavailability studies in humans or animals for the quantitative analysis of drugs in biological samples such as plasma, serum, urine, or other biological systems.

Now, pharmacokinetic characterization of a novel chemical drug candidate is conducted from the initial process of drug discovery to the advanced stages of drug development. ADME/PK screening is used to study metabolism and absorption, and the testing is initially carried out in in-vitro systems. Still, however, in-vivo studies are carried out in later stages of pre-clinical development for definitive assessment of overall drug disposition.

 

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In previous decades ADME/PK studies were carried out at later stages of clinical development. Hence, many new chemical entities failed at later development stages due to shortcomings in metabolism and PK. In-vitro approaches in ADME/PK at an earlier stage in the drug development process will minimize the failure of a drug candidate at later stages.

 

The development of innovative drugs in the market, the emergence of biosimilars, and increasing numbers of CROs across the globe are the primary driving force behind the growth of the global testing services market. Companies are also raising funds and going for acquisition and collaboration to develop and commercialize new bioanalytical platforms.

 

In January 2021, Adeptrix Corp raised Series A investment to accelerate its proprietary BAMS platform technology commercialization. The company has recently entered into many research partnerships to develop rapid and accurate COVID-19 diagnostics based on its Bead Assisted Mass Spectrometry.

 

During the same time, Nexelis acquired a GCLP-certified clinical bioanalytical laboratory owned by GSK Germany. The certified clinical bioanalytical laboratory has 80 scientists and analysts. Through a 5-year collaboration agreement, the team of Nexelis will now assist in the development of future vaccine candidates of GSK.

 

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COVID-19 pandemic has further accelerated the growth of the global testing services market during the forecast period. Services companies are investing in bioanalytical platforms to develop new COVID-19 diagnostic testing and develop new drugs to combat the deadly pandemic that is wreaking havoc across the globe.

 

Market participants such as PPD Inc., Covance Inc., ICON plc, Charles River Laboratories International, LabCorp, SGS SA, inVentiv Health, Pace Analytical Services, LLC, and Intertek group are some of the key players operating in the global services market.

 

Polaris Market Research has segmented the bioanalytical testing services market report on the basis of molecule type, workflow, test type, and region

 

Bioanalytical Testing Services, Molecule Type Outlook (Revenue – USD Million, 2016 – 2028)

• Small Molecule
• Large Molecule
• LC-MS Studies
• Immunoassays
• Pharmacokinetics (PK)
• Anti-Drug Antibody (ADA)
• Other
• Other Large Molecule Tests

Bioanalytical Testing Services, Test Type Outlook (Revenue – USD Million, 2016 – 2028)

• Absorption, Distribution, Metabolism, Excretion (ADME)
• In-vivo
• In-vitro
• Pharmacokinetics (PK)
• Pharmacodynamics (PD)
• Bioavailability
• Bioequivalence
• Other Tests

Bioanalytical Testing Services, Workflow Outlook (Revenue – USD Million, 2016 – 2028)

• Sample Preparation
• Protein precipitation
• Liquid-liquid extraction (LLE)
• Solid phase extraction (SPE)
• Sample Analysis
• Hyphenated technique
• Chromatographic technique
• Electrophoresis
• Ligand Binding Assay
• Mass spectrometry
• Nuclear magnetic resonance
• Other Workflow Processes

 

Digital Therapeutics Market With Business Strategies And Analysis To 2028

 Digital Therapeutics The global digital therapeutics market size is expected to reach USD 13.51 billion by 2028 according to a new study by Polaris Market Research. The report “Global Digital Therapeutics Market Share, Size, Trends, Industry Analysis Report, By Application (Diabetes, Obesity, CVD, CNS Disease, Respiratory Diseases, Smoking Cessation, Others), By End-Use (Patients, Providers, Payers, Employers, Others), By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The distinction between digital therapeutics is determined by patient clinical outcomes. Digital therapeutics do not use market-based health-related instruments like step and calorie-counters. It is a modern form of healthcare product that utilizes digital technologies to avoid, handle, and health ailments. Furthermore, it makes use of emerging health technology to treat the psychiatric ailment. As a result, the aforementioned factors contribute to the growth of the target market share.

 

During the year 2020, digital health went from innovation to need. As acceptance peaked, exacerbated by the COVID-19 pandemic, it swept into almost every healthcare domain. Telehealth, digital pathology, triage solutions, telemedicine, mhealth, and digital therapeutics were among the topics discussed.

 

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Omada Health, Inc., took advantage of the shortages in treatment caused by COVID-19 to offer additional help and advice through its dedicated practitioners to those whose doctor’s appointments had been postponed indefinitely.

 

Additionally, the organization assisted primary care practitioners, psychiatrists, endocrinologists, and cardiologists in converting their practices to telehealth through providing improved knowledge, psychosocial support, and an online platform.

 

Market participants such as 2Morrow, Inc., Akili Interactive Labs, Ayogo Health Inc., Better Therapeutics, Inc., Canary Health Inc., Click Therapeutics, Inc., Cognoa, Inc., Ginger, Kaia Health Software GmbH, Livongo Health Inc, Mango Health, Inc., Mindstrong Inc., Noom Health, Inc., Omada Health, Inc., Otsuka America Pharmaceutical, Inc., Pear Therapeutics, Inc., Propeller Health, WellDoc, Inc., and Wellthy Therapeutics are some of the companies operating in the market for digital therapeutics.

 

The FDA issued recommendations extending and encouraging the scope of digital health therapeutics technologies for mental health issues in response to COVID-19 and its ramifications on mental health. Another factor expected to drive demand growth is increased public and private sector initiatives. For example, Akili Interactive Labs, Inc. obtained the CE mark for EndeavorRx, its digital therapeutics software for the treatment of ADHD, in June 2020.

 

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Digital therapeutics is anticipated to rise at a steady pace in the given timeframe, due to strong internet usage and reliance on smartphones. This is due to a rise in demand for creative and innovative treatment solutions that patients can access remotely.

 

In February 2021, SilverCloud and Cerner Corporation collaborated to combine SilverCloud’s virtual mental health network with Cerner’s electronic health records. SilverCloud hoped that by doing so, it would be able to scale the delivery of evidence-based mental health services while both enhancing patient outcomes and lowering healthcare costs.

 

Polaris Market Research has segmented the digital therapeutics market report based on application, end-use, and region:

 

Digital Therapeutics, Application Outlook (Revenue – USD Billion, 2016 – 2028)

• Diabetes
• Obesity
• CVD
• CNS Disease
• Respiratory Diseases
• Smoking Cessation
• Others

Digital Therapeutics, End-Use Outlook (Revenue – USD Billion, 2016 – 2028)

• Patients
• Providers
• Payers
• Employers
• Others

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Thermal Scanners Market Size, Outlook, Key Prospects And Future Growth

 The global thermal scanners market size is expected to reach USD 7.62 billion by 2028 according to a new study by Polaris Market Research. The report “Global Thermal Scanners Market Size, Share & Trends Analysis Report By Type (Handheld and Fixed), By Wavelength (Short-Wave Infrared (SWIR), Mid-Wave Infrared (MWIR) and Long-Wave Infrared (LWIR)), By End User (Industrial, Healthcare, Aerospace & Defense, Automotive, Oil & Gas, Commercial and Others), By Region, And Segment Forecasts, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Thermal scanners can be described as non-invasive instruments that use the photovoltaic effect and signal processing to sense heat signatures from numerous sources and describe the temperature distribution of a body onto a digital screen. These thermal scanners are making use of infrared imaging, whose main purpose is to execute contact wire thermal imaging.

 

These scanners are used in examining the skin surface temperature pattern in both industrial as well as commercial segments. The thermal screening and scanning technique are capable of identifying, recording, producing images, and analyzing skin surface temperature as a reflection of normal human physiology.

 

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Increasing market demand for the scanners from the aerospace industry is one of COVID-19’s immediate effect on the market. To fight the epidemic, every country is using these scans in airports to recognize possible COVID-19 patients and prevent them from entering public spaces.

 

These scanners have also been used in several residential housing and government offices. Various hotel chains around the world are performing temperature screenings of employees and visitors in order to strengthen safety measures in the event of a pandemic. These factors are augmenting the growth of the global market.

 

Various key market players are discussed in this report for thermal scanners such as Leonardo S.P.A., FLIR Systems, Inc., Fluke Corporation, Opgal, L3HARRIS TECHNOLOGIES, Inc., Optothermal, Inc., Axis Communications Ab, Seek Thermal Inc., 3M Company, and Thermoteknix Systems LTD.

 

The COVID-19 pandemic is acting as a promoter for businesses to seize these lucrative market growth opportunities. The exponential rise in demand has hiked the sales, with some businesses producing triple-digit quarterly profits by manufacturing and distributing a large number of scanners in a shorter period.

 

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To fulfill market demand for thermal scanners, an Israel-based thermal scanning firm named Opgal Optronic Industries Ltd. has optimized the thermal camera in order to check fever. Furthermore, the firms are giving demonstrations and reviews to several organizations, which will aid in the opening of their offices and factories.

 

In 2019, FLIR Systems, Inc. partnered with Veoneer, an automotive supplier, to use FLIR Systems, Inc.’s thermal sensing scanners in the development of level-four autonomous vehicles. To improve the safety of self-driving cars, the company will provide several thermal sensing cameras with both narrow and wide field-of-view capabilities.

 

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

 

Thermal Scanners, Type Outlook (Revenue – USD Million, 2021 – 2028)

• Handheld
• Fixed

Thermal Scanners, Wavelength Size Outlook (Revenue – USD Million, 2021 – 2028)

• Short-Wave Infrared (SWIR)
• Mid-Wave Infrared (MWIR)
• Long-Wave Infrared (LWIR)

Thermal Scanners, End-Use Outlook (Revenue – USD Million, 2021 – 2028)

• Industrial
• Healthcare
• Aerospace & Defense
• Automotive
• Oil & Gas
• Commercial
• Others

 

Contactless Biometrics Technology Market (2021-2028) Advance Technology And New Innovations

 (PDF) 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 Global Forthcoming Developments, Business Opportunities & Future Investments

 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

 

Polyurethane Foam Market SWOT Analysis, Business Growth Opportunities By 2028

 The global polyurethane foam market size is expected to reach USD 110.4 billion by 2028 according to a new study by Polaris Market Research. The report Polyurethane Foam Market Share, Size, Trends, Industry Analysis Report, By Product; By End-Use (Automotive, Packaging, Electrical & Electronics, Furniture & Furnishing, Building & Construction, Footwear, Others); By Density Composition; By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The adoption of the foam is expected to increase during the forecast period owing to wide applications in industries such as building and construction, automotive, packaging, and furniture among others. Increasing environmental concerns associated with energy conservation coupled with the introduction of stringent regulations regarding carbon emissions would further support the market growth. Increasing demand for modernized and high-performing vehicles along with increasing investment in the construction industry, especially in emerging economies of Asia-Pacific, supplement the market growth.

 

The different types of polyurethane foam in the market include rigid, flexible, spray, and others. Rigid ones are used for the manufacturing of thermal insulating products owing to their high strength, lightweight, low density, and moisture resistance. The rising environmental concerns have increased the adoption of polyurethane foam in the construction sector. Use of rigid polyurethane foam results in enhanced energy efficiency, reduced project weight, and cost-efficiency.

 

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The polyurethane foam of different density compositions such as high-density, medium-density, and low-density are available in the market. Low-density product is widely used in thermal insulation applications. Buildings are insulated with low-density products for heat and noise control. It also assists in reducing air leakage, increasing strength and durability, and improving the building’s resistance to wind uplift.

 

Polyurethane foam is used in diverse industries such as automotive, packaging, electrical and electronics, furniture and furnishing, building and construction, footwear, and others. The building and construction segment accounted for the highest share in 2020. However, the automotive segment is expected to grow at a significant rate during the forecast period.

 

The use of the polyurethane product in the vehicle body increases durability and strength while reducing overall weight, thereby offering insulation against heat and noise. The use of polyurethane foam in seats, armrests, headrests, doors, and windows provides improved comfort, enhanced safety, greater environmental performance, and higher energy efficiency.

 

Asia Pacific dominated the global market for polyurethane foam in 2020 and is expected to maintain its dominance over the forecast period. Increasing application in sealing and insulation of electronic products coupled with rising awareness regarding the adoption of electric vehicles fuels growth in this region. Rising industrial growth, urbanization, and growth in the automotive sector support market growth.

 

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Increasing applications in construction and packaging industries further increase the demand for polyurethane foam in Asia-Pacific. Leading global players are expanding their presence in developing nations of China, Japan, India, and South Korea to tap the growth opportunities offered by these countries.

 

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. Broadening of the product portfolio is another trend that is visible in the industry.

 

Some of the major market participants include DowDuPont, Eurofoam Group, Saint-Gobain S.A., Woodbridge Group, Evonik, Bayer AG, LyondellBasell Industries, BASF SE, Arkema S.A., Rogers Corporation, Sekisui Chemical Co. Ltd., Foamcraft, Inc., Ineos Group AG, UFP Technologies, Inc., Chemtura Corporation, Covestro AG, Nitto Denko Corporation, and Nippon Polyurethane Industry Co., Ltd.

 

Polaris Market Research has segmented the polyurethane foam market report on the basis of product type, end-use, density composition, and region: 

 

Polyurethane Foam Product Type Outlook (Volume – Kilo Tons; Revenue – USD Million; 2016 – 2028)

• Rigid
• Flexible
• Spray
• Others

Polyurethane Foam End-Use Outlook (Volume – Kilo Tons; Revenue – USD Million; 2016 – 2028)

• Automotive
• Packaging
• Electrical & Electronics
• Furniture & Furnishing
• Building & Construction
• Footwear
• Others

Polyurethane Foam Density Composition Outlook (Volume – Kilo Tons; Revenue – USD Million; 2016 – 2028)

• High-Density
• Medium-Density
• Low-Density

Point Of Purchase Packaging Market Size, Outlook, Key Prospects And Future Growth

 The global point of purchase packaging market size is expected to reach USD 20.39 billion by 2028 according to a new study by Polaris Market Research. The report “Point of Purchase Packaging Market Share, Size, Trends, Industry Analysis Report, By Material (Glass, Paper, Plastic, Metal, Others); By Product (Pallet Display, Endcap Display, Floor Display, Counter Display, Side Kick Display, Others); By Industry; 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 different materials used for point of purchase packaging include glass, paper, plastic, metal, and others. In 2020, the paper segment dominated the global market. Growing environmental concerns and increasing initiatives to reduce manufacturing waste has increased its adoption worldwide. There has been increasing adoption of paper-based packaging solutions owing to their ease of use, the convenience of transport, and ability to recycle.

 

The pallet display segment accounted for a significant share in the global market in 2020. Pallet packaging solutions are increasingly being used owing to their impact on consumers, enhanced brand awareness, ease of setup, and reduced labor costs. Point of purchase packaging solutions offers enhanced brand power along with influencing the impulse buying behavior of consumers.

Explosive population growth and the shift of consumers to urban areas increase the demand for these packaging solutions. The purchasing power, buying & behavioral habits, and preferences of millennials have changed over the years, thereby supporting market growth.

 

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The market is segmented into food and beverage, personal care and cosmetics, pharmaceutical, electronics, automotive, and others, based on end-user. The food and beverage segment accounted for a major share in the global point of the purchase packaging market in 2020. Point of purchase packaging plays a major role in the marketing of food products by attracting consumers to innovative packaging, communicating information regarding the food products, and enabling accurate identification of products.

 

Health and fitness consciousness have also increased in countries such as China and India due to improving lifestyles and changing food habits. Consumers are more aware regarding their nutritional intake, and consumption of healthy & organic food products. Leading players in the market are also taking initiatives to increase awareness among consumers through these packaging solutions.

 

Supermarkets and hypermarkets account for a major share of the market. The growing presence of supermarkets and hypermarkets in developing regions of Asia and Latin America along with increasing preferences of consumers to shop from large retail stores fosters market growth.

 

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Lucrative offers and policies offered by prominent players, which favor consumers as well as supermarkets & hypermarkets, along with the innovative point of purchase packaging solutions for effective marketing and branding are expected to boost sales through modern trade stores. The entry of the foreign retailers in the market, through tie-ups, franchise agreement, and joint ventures further boost the market growth.

 

North America 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 point of purchase packaging from established retail chains in the region. The increasing population, growing investments in marketing and branding campaigns, and the existence of an organized retail market boost the growth of the point of the purchase packaging market in the region.

 

However, Asia-Pacific is expected to grow at a significant rate during the forecast period. 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. Small retail stores in the region are increasingly adopting these packaging solutions owing to their affordability and high effectiveness.

 

Vendors in the global market are expanding their geographical presence and product portfolios to strengthen their presence. The developing nations of Asia-Pacific would provide significant growth opportunities in the market.

 

Some of the major market participants include DS Smith, Felbro, Inc., Georgia-Pacific LLC, Marketing Alliance Group, Creative Displays Now, Swisstribe, Smurfit Kappa Display, FFR Merchandising, International Paper Company, Fencor Packaging Group Limited, Menasha Packaging Company, LLC, Hawver Display, WestRock Company, and Sonoco Products Company.

 

Polaris Market Research has segmented the point of purchase packaging market report on the basis of material, product, industry, end-use, and region.

 

Point of Purchase Packaging Material Outlook (Revenue, USD Million, 2016 – 2028)

• Glass
• Paper
• Plastic
• Metal
• Others

Point of Purchase Packaging Product Outlook (Revenue, USD Million, 2016 – 2028)

• Pallet Display
• Endcap Display
• Floor Display
• Counter Display
• Side Kick Display
• Others

Point of Purchase Packaging Industry Outlook (Revenue, USD Million, 2016 – 2028)

• Food and Beverage
• Personal Care and Cosmetics
• Pharmaceutical
• Electronics
• Automotive
• Others

Point of Purchase Packaging End-User Outlook (Revenue, USD Million, 2016 – 2028)

• Supermarkets and Hypermarkets
• Convenience Stores
• Specialty Stores
• Others

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Metal Powder Market Size, SWOT Analysis, Emerging Trends And Forecast

 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.

 

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Mining Drill Bits Market Overview Highlighting Major Drivers, Future Growth and Demand Report 2028

 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 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 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

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