CBD Oil Market Recent Developments | Impact of Covid 19 Detailed Analysis

  

Global CBD Oil Market: Opportunities in 2021

 

The global Cannabidiol Oil (CBD Oil) Market size is expected to reach USD 24.08 billion by 2027 according to a new study by Polaris Market Research. The report “Cannabidiol Oil Market Share, Size, Trends, Industry Analysis Report, By Source (Hemp Derived, Marijuana Derived); By Grade (Food and Therapeutic); By Form (Process Oil, Distillate, and Isolate); By Application (Food and Beverages, Cosmetics and Personal Care, Pharmaceuticals, and Others), By Regions; Segment Forecast, 2020 –2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

CBD is commonly used to relieve anxiety and it helps the insomnia patients in falling asleep and staying asleep. Certain CBD manufacturers have been scrutinized by the government who claim that CBD is a cure for cancer. Research about the balance of pros and cons of CBD is ongoing near every production and consumption cluster, and debates about their usage is being carried out in all of the regions wherever there are significant number of potential prospective consumers. Overall CBD has a large addressable market, of which a large part is untouched.

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Affirmation of the therapeutic value of cannabis by the WHO, and the U.S. National Academies of Sciences, helps challenging un-supportive views, and encourages governments, research scholars, health-care providers, and consumers to consider its potential. Medical community across the globe recognized its potential value and legalization, thereby burgeoning demand for the medical cannabis.

Medical cannabis is not limited to certain conventional products such as oil spray, dried form, tinctures and tea, the main move is to create a consumer friendly approach in considering cannabis as a drug. Many facilities are open to rediscover it as a medicine in a more prosperous way by engaging consumers to social clubs. Manufacturers are producing products that are better in use on the social platform with engaging product offerings for a better usage trend. The initiative of considering medical cannabis as a socially accepted medicine for pain relief and other problems is sourced in such social clubs also known as cannabis clubs.

 

Market participants such as Isodiol, Canopy Growth Corporation, Tilray, Medical Marijuana Inc., NuLeaf Naturals, CV Sciences, Aurora Cannabis, Green Roads, Folium Biosciences, GW Pharmaceuticals, Charlotte’s Web, CW Hemp, Endoca, Medterra, Elixinol and Gaia Herbs, LLC. are some of the key players operating in the global market. In June 2020, Perrigo Company plc, the U.S. based provider of self care products across the globe announced its entry in the Cannabidiol Oil Market through its strategic investment in Kazmira LLC, a Colorado based CBD products supplier. Perrigo acquired 20 per cent equity stake in Kazmira.

 

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Polaris Market Research Market research has segmented the CBD Oil Market report on the basis of source, grade, form, application, and region

 

CBD Oil by Source Outlook (Revenue – USD Million, 2016 – 2027)

• Hemp Derived
• Marijuana Derived

CBD Oil by Grade Outlook (Revenue – USD Million, 2016 – 2027)

• Food
• Therapeutic

CBD Oil by Form Outlook (Revenue – USD Million, 2016 – 2027)

• Process Oil
• Distillate
• Isolate

CBD Oil by Application Outlook (Revenue – USD Million, 2016 – 2027)

• Food and Beverages
• Cosmetics and Personal Care
• Pharmaceuticals
• Others

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Vibration Monitoring Market Recent Developments | Impact of Covid 19 Detailed Analysis

 Global Vibration Monitoring Market: Trending in 2021

The report “Vibration Monitoring Market Analysis Report By Component (Hardware, Software, Services); By Monitoring Process (Online, Portable); By End-User (Automotive, Chemical, Aerospace and Defense, Food and Beverages, Construction, Mining, Oil and Gas, Others); By Regions: Market Size & Segment Forecast, 2019 – 2026” provides a complete analysis of present market trends and future insights.

 

The global vibration monitoring market size is anticipated to reach USD 3,574.3 million by 2026 according to a new research published by Polaris Market Research In 2018, the hardware segment accounted for the highest market share in terms of revenue. North America is expected to be the leading contributor to the global Vibration Monitoring market revenue in 2018. The increasing modernization of factory equipment, and stringent regulations regarding energy efficiency and workforce safety majorly drive the market growth.

 

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The growing adoption of IoT, cloud-based technologies, and machine learning further supports the growth of the market. The growing need to streamline operations for improving productivity and safety, while reducing maintenance time and cost would increase the adoption of vibration monitoring systems during the forecast period. Other driving factors include technological advancements, increasing adoption of smart factories, growing adoption of embedded systems, and increasing demand from emerging economies.

 

Vibration monitoring systems ensure that data is organized and decisions can be made efficiently. They collect real-time information, offer historical trends and graph data for further analysis. They generate alarms when abnormalities occur and send instant alarms to smart devices. They sense concerns such as imbalance, misalignment, bearing wear and looseness and provide predictive maintenance.

 

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North America generated the highest market share in the Vibration Monitoring industry in terms of revenue in 2018, and is expected to lead the global market throughout the forecast period. The presence of established telecom and cloud infrastructure in this region, and growing trend of IIoT has accelerated the market growth in the region. The growing demand of mobile devices, automation of manufacturing process, increasing safety concerns, and technological advancements generate numerous opportunities for the market in this region.

 

The well-known companies profiled in the report include National Instruments Corporation, Emerson Electric Co., Bruel & Kiaer Sound & Vibration Measurement A/S, Meggitt PLC, Honeywell International Inc., Schaeffler AG, Analog Devices, Inc., SKF AB, General Electric, and Azima DLI Corporation. These companies are consistently launching new products to enhance their offerings in the Vibration Monitoring industry. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

 

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Digital Signature Market Recent Developments | Impact of Covid 19 Detailed Analysis

 Global Digital Signature Market: Trending in 2021

 

The report “Digital Signature Market Share, Size, Trends, Industry Analysis Report By Component (Solutions (Hardware, Software), Services(Managed Services, Professional Services)); By Deployment (Cloud, On-Premise); By Application (Human Resources, Education and Research, BFSI, Government and Defense, Legal, Healthcare and Life Sciences, Real Estate, Manufacturing and Engineering) By Regions, Segments & Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The Global Digital Signature market size is expected to reach USD 22.1 Billion by 2026 according to a new study by Polaris Market Research. The market is projected to witness a significant growth over the forecast period. Strong demand from government as well as defense sector among other applications is contributing to a rising demand for digital signatures across the globe. Governments and defense applications use digital signatures for various purposes such as forms & licenses issuing, tax and returns filing, treasury orders, online government directives and orders, file movements, filing of public information, online money orders, among others.

 

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Features of digital signatures such as high security, tamper proof cryptographic encryption, authentication at multiple levels, as we as ability to provide certificate-based ID authentication have led the governments across the globe to adopt digital signature on a wide scale. Cost savings associated with digital signatures, ease of usage and ability to bypass fraud issues and tedious paper work are some of the other factors driving the growth in the segment.

 

The digital signature operators have to maintain highly reliable as well as secure systems that cannot be easily modified and bypassed. Whenever a legal dispute arises, digital signature operators need to prove their operational reliability through means of expert verification. This entails additional costs. Companies have to offset such restraints to gain market share. Some of the leading players in the market include Kofax, Rpost Technologies, Identrust, Secured Signing Limited, SIGNiX, Entrust Datacard, DocuSign, Ascertia, Gemalto, OneSpan, Adobe, and Hellosign among others

 

 

The rising number of mobile users is proving beneficial for the overall market. Rising disposable income, cheap availability of mobile phones, are some of the major factors benefitting the rising number of mobile phone users. In comparison to situation five years ago, the download speed of internet has increased by more than six times. In addition, the prices and fees for mobile internet connection has reduced by more than 90%. This has also benefitted the overall demand for increased mobile devices sales. This trend is benefitting the overall benefitting the market from applications that involve mobile usage.

 

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E-commerce activities especially in countries such as India and in China have witnessed tremendous rise in these countries in the recent past and the momentum is expected to continue over the next few years. High penetration of mobile phone users, declining internet prices, broad product portfolio are some of the reasons for e-commerce growth. All these activities have thus resulted in a rise in online payments which is proving to be extremely beneficial for the overall market growth.

 

Improving economic conditions, proactive approach taken by governments in Asia Pacific region to boost industrial sector has resulted in a rapid urbanization in the region. The region has witnessed a rapid rise in urban population in the past years. This urban population has access to smartphones, and internet and are major drivers for applications growth of the market

 

Epoxy Adhesives Market Recent Developments | Impact of Covid 19 Detailed Analysis

 Global Epoxy Adhesives Market : Trending in 2021

 

The global Epoxy Adhesives market size is expected to reach USD 11,631 million by 2026 according to a new study by Polaris Market Research. Epoxy is increasingly being used as a structural adhesive across diverse industries. Epoxy adhesives offer high shear strength while bonding efficiently to a wide range of substrates such as wood, glass, and metal. These adhesives provide minimal shrinkage, superior thermal and chemical resistance, and cohesive strength. Epoxy adhesives can be altered and modified to deliver a wide range of properties and offer customized solutions in the market. Toughened epoxy adhesives are being used in automotive, construction, and aerospace industry owing to need for greater strength and chemical resistance.

 

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The different types of epoxy adhesives include One-Component, and Two-Component. The demand for one-component epoxy adhesives is expected to increase significantly during the forecast period. One-component epoxy adhesives are cured at temperatures between 250-300°F, which offers superior adhesion properties, high strength, and greater environmental and chemical resistance. They are usually applied through trowel or extrusion by beads, and are capable of filling and sealing gaps between surfaces efficiently. Currently in the global Epoxy Adhesives industry, companies, manufacturers, private organizations are collaborating to expand and cater to wider applications and develop advanced technologies.

 

Asia Pacific dominated the global market in 2019 and is expected to maintain its dominance over the forecast period. Rising industrial growth, urbanization, and growth in the automotive sector supports market growth in this region. Increasing applications in construction, defense and aerospace, and marine industries further increases the demand of epoxy adhesives in Asia-Pacific. Increasing demand for miniaturized and high performing electronics coupled with increasing awareness regarding adoption of electric vehicles fuels growth in this region. 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.

 

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The market is characterized by established companies and large giants. Owing to technological advancements, and greater need to cater to customer requirements, companies are collaborating in order to strengthen market presence and gain market share. Broadening of product portfolio is another trend that is visible in the industry. Some of the major market participants include DowDuPont, Sika AG, Huntsman Corporation, Ashland Inc., 3M Company, Lord Corporation, Illinois Tool Works Incorporation, Henkel AG, AdCo UK Limited, Benson Polymers Ltd, 3M Co., Adhesive Technologies Corp., H.B. Fuller, American Chemical Inc., DELO Industrial Adhesives, Collano Adhesives AG, and Alfa International Corporation among others.

 

Acetone Market Recent Developments | Impact of Covid 19 Detailed Analysis

 Global Acetone Market : Trending in 2021

 

The global Acetone market size is expected to reach USD 6.19 billion by 2026 according to a new study by Polaris Market Research. The report “Acetone Market Share, Size, Trends, Industry Analysis Report, By Grade (Specialty Grade, Technical Grade); By End-User (Construction, Automotive, Cosmetics and Personal Use, Paints and Coatings, Pharmaceutical, Agriculture, Others); By Application (Bisphenol A, Methyl Methacrylate (MMA), Solvents, Methyl Isobutyl Ketone, Others); By Regions; Segment Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future industry growth.

 

The market is projected to witness a growth over the forecast period. There has been a significant growth in the demand for acetone from pharmaceutical, automotive, and construction sectors over the years. Growing awareness regarding personal care, increasing demand for solvents, application in varied industries, and rising disposable income are some factors boosting the market growth. It is also used as an organic and non-toxic alternative for containing oil spills by dissolving sludge and eliminating it from the surface of water or marine plants.

 

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With increasing investments in the global Acetone industry, companies, manufacturers, private organizations are collaborating to expand and cater to wider applications. In August 2019, ALTIVIA Petrochemicals completed the acquisition of Dow’s Acetone Derivatives Business and associated chemical manufacturing assets in United States. The acquisition is expected to assist ALTIVIA in increased production of Ketones and Carbinols, and strengthen its position in the coatings, adhesive and pharmaceutical industries. The addition would expand its acetone production and increase its geographic penetration.

  

The applications of acetone include Bisphenol A, Methyl Methacrylate (MMA), Solvents, Methyl Isobutyl Ketone, and others. The solvents segmented accounted for the highest share in 2019. The growth in the personal care industry is expected to drive the market during the forecast period owing to wide applications. Acetone is a major component in a wide range of personal care products, such as cosmetics, cosmetic creams, fragrances, and hair dyes, among others. Growing hygiene and wellness concerns, especially among the youth, coupled with growth of e-commerce platforms are factors expected to provide numerous growth opportunities in the coming years

 

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Asia Pacific emerged as the largest market in 2019 and is expected to maintain its dominance over the forecast period. Population growth, rising disposable incomes, and growing demand for personal care products drives the growth in the region. Rising industrialization, growth in the automotive sector, and strengthening pharmaceutical industry also supports market growth in this region. Increasing applications in agriculture, construction, and automotive further increases the demand of acetone in Asia-Pacific. Global players are expanding their presence and setting manufacturing units in this region owing to availability of infrastructure and labor.

 

The industry is characterized by established companies and large giants. Owing to technological advancements, and larger applications companies collaborating in order to retain the customers and gain market share. Broadening of product portfolio is another trend that is visible in the industry. Some of the major market participants include Hindustan Organic Chemicals Limited, Royal Dutch Shell PLC, Formosa Chemicals and Fiber Corporation, INEOS Phenol, Honeywell International Inc., BASF SE, Green Biologics Limited, Prasol Chemicals Pvt. Ltd., Borealis AG, Altivia, Reliance Industries Limited, Mitsui Chemicals Inc, LyondellBasell Industries Inc., and DOMO Chemicals GmbH.

 

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Aircraft Fairings Market Business Overview, Challenges, Opportunities Analysis and outlook

 Global Aircraft Fairings Market: Trending in 2021

 

The global aircraft fairings market size is expected to reach USD 1,713.1 million by 2026 according to a new study by Polaris Market Research. An aircraft fairing is an essential structure which manages and the flow of the airplane body in different directions and axes with reducing the various types of drags such as wave drag, interference drag, parasitic drag, engine cooling- drag and other types of drag. The implementation and functional characteristics play a critical role in design, certification and operational aspects of all narrow-body, wide-body, very large, regional and general aviation. These structures directly affect the performance of an airliner as compared to any other old generation airplane without these structures. In other words, airplane fairings are the smooth structures for reducing the air drag between the joints such as wings & fuselage and engine & wings during the flight.

 

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Fairings are an essential feature of all airplanes as it reduces the drag at most of the areas of airplane body, reduces the roughness of the body surface, increases the smoothness by covering the gaps between the joints of structures, provides an external outline to the aerodynamic structure of the airliner and increases the speed and its efficiency. The complexity of aerospace fairings depends on several parameters including the type of jet, design, fairing application areas, and number of fairings. For instance, General aviation airliners have lesser complex fairings, whereas long haul/commercial jets usually have more complex fairings addressing the aircraft’s application requirements.

 

According to Polaris market Research, the global market for airplane fairings has less than 90 players throughout the world, wherein top 5 major players accounted for a market share of more than 50% in 2019. Companies such as Composite Technology Research Malaysia (CTRM Aerocomposites Sdn Bhd), FACC AG, Finmeccanica-Alenia Aermacchi S.p.A., KAMAN CORPORATION, Korean Air Aerospace Division, Malibu Aerospace LLC, Royal Engineered Composites, ShinMaywa Industries Ltd., Spirit AeroSystems Inc., Strata Manufacturing (a Mubadala Investment Company), Triumph Group, Collins Aerospace (UTC Aerospace Systems) are some of the key players operating in this market. 

 

Rise in global airplanes fleet size, rising demand to streamline aerodynamic structure of jets to boost speed & accuracy, growing global commercial aircraft & general aviation deliveries, introduction of new generation carriers and increasing trend of lightweight components in order to reduce overall weight & increase the fuel efficiency by reducing operational costs, are some of the major factors acting as key drivers of this market.

 

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Among aircraft type, wide-body airplane was estimated to be the largest sub-segment in 2019 and is expected to be the largest during the forecast period as well followed by narrow-body aircraft and very large aircraft sub-segments. This is owing to increasing production and rising demand of wide-body airliner such as A320, B787, B737 and others. Moreover, Airbus anticipated that approximately 34,900 commercial airplanes (narrow-body, wide-body, and very large) will be delivered during 2017 to 2036. A320 family, B737, B787, and A350XWB would remain the growth engines for the commercial airplane segment.

 

Among material type, composites accounted for the largest share in 2019 and is expected to be the largest segment during the forecast period as well. Also, composites are expected to be the fastest growing material type for airplane fairings during the forecast period owing to increasing demand of lightweight components for airplane structures along with long endurance and less maintenance.

 

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Among manufacturing process type, prepreg layup process was estimated to be the largest sub-segment in 2019 and is projected to be most dominant during the forecast period as well. Also, its is expected to be the fastest growing manufacturing process type for aircraft fairings during the forecast period as well owing to its higher suitability for the composite fabrication and highly preferred method for complex structure for fairings parts. Higher preference towards the prepreg layup by the commercial, general aviation and regional airplane OEMs; increasing production rates of commercial jets, such as B787, A350XWB, and B737; upcoming or the new variants of existing aircraft such as Bombardier C Series and Embraer E-2 jets; and rising airplane fleet size are the major growth drivers of prepreg layup process for the manufacturing of the fairing components globally.

 

Among region, North America was estimated to be the largest region in 2019 and is also expected to be remain the largest during the forecast period as well. The U.S. is growth engine of this region and accounted for more than 90% of share in the North American market in 2019. This is owing to large presence of small to mid-sized airplanes OEMs, fairing component manufacturers, raw material suppliers, & distributors. In addition, increasing production rates of the airliner models such as B737, B737 Max, B787, B797, B777x, and combat jet such as F-35 is another major factor aiding in the growth of this market in the region.

 

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Mucormycosis Market Recent Developments | Impact of Covid 19 Detailed Analysis

 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.

 

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Bioactive Ingredient Market 2021, Business Opportunities by leading Key players

 Global Bioactive Ingredient Market: Trending in 2021

The global Bioactive Ingredients Market Size is anticipated to witness significant growth over the forecast period and by 2026 the industry revenue estimates are projected to reach USD 50.89 billion. Increasing awareness of fitness among people is expected to positively impact the demand of bioactive products market.

These products provide various health related benefits owing to their antioxidant, anti-allergic, anti-inflammatory, anti-obesity, anti-tumor, anti-viral and anti-uropathy properties. These bioactive products also enable better management of health conditions among human beings. All these factors combined together are anticipated to positively drive the growth of the market.

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Recent studies have indicated that fiber intake can prevent various diseases such as diabetes, and obesity. They are also found out to reduce chronic degenerative ailments. Such trends have benefitted the product demand in the recent past and is expected to do so over the forecast period.

Vitamin bioactive ingredients have been found to have health effects on the human body especially the skin. Proper intake of vitamin enhances collagen production, discourages melanin formation and pigmentation, and is helpful for a toned skin. They can also be used to reduce wrinkling and lightening of the skin. Such advantages are expected to boost the segment demand over the forecast period.

Effective encapsulation methods are in high demand for preservation of these compounds until it is reached to the physiological action site. Bioactive food categories have been gaining significant interest owing to its potential health benefit propositions. They are useful for improving endothelial function, increasing the gut microbial diversity, reducing bone loss and also for overall improvement of cognitive body function.

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Novel extraction methods for extracting plant based bioactive ingredients have been developed. These methods are environmentally friendly, require less operational time, and do not hamper the quality of the extracts. Also, there has been rising demand for plant extracts bioactive ingredients from applications such as food and chemical industries. Such trends are expected to benefit the segment growth over the forecast period.

Functional food & beverages application segment dominated the global bioactive ingredients market over the recent years and is expected to continue this dominance across the forecast period. Due to its inherent set of advantages, there has been growing awareness regarding preventive healthcare across the globe. Functional foods help consumers in their pursuits towards preventive healthcare. This factor coupled with the available product portfolio of functional foods, is expected to aid the segment market growth.

Bioactive ingredients are used in personal care as they are having various effects such as healthy skin, reduced wrinkles and reduction in melamine formation. Personal care application segment has seen a rise in market size over the recent past due to various factors such as changing perceptions, rising disposable income and increasing standard of living. The growth in personal care industry is expected to benefit the market growth of bioactive ingredients over the forecast period.

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Companies are focusing more on development of innovative products to acquire market share. Customized product offerings to treat specific diseases such as skin diseases are being developed by industry participants. Major industry participants include BASF, DuPont, Cargill Inc., Archer Daniels Misland Company, Ingredion Incorporated, Ajinomoto Co. Inc. and Owen Biosciences Inc.

 

Automotive Plastics Market 2021, Business Opportunities by leading Key players

 Global Automotive Plastics Market: Trending in 2021

 

The global Automotive plastics market is anticipated to witness significant growth over the forecast period due to factors such as rising pressure to reduce vehicle weight, favorable regulations coupled with the rising sales of passenger cars. Flexibility in design, inherent properties such as corrosion resistant, dust proof are also expected to benefit the automotive plastics market growth. Design engineers are integrating blow molded as well as injection molded plastic parts in their designs that offer a better design without the complicated assembly work. Plastics are also being increasingly used in the structural design of cars as well. This industry is closely working with the automotive industry to provide enhanced design features.

 

Plastics have facilitated the increase in vehicle compatibility, and including more safety dimensions in less space as well as improving the safety belt designs. Such trends have led to a rise in demand for automotive plastics across globe. Safety advances have been made affordable due to the usage of these high-performance materials in automotive interiors.

 

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Automotive plastics are used in vehicle exteriors as they impede roof crash. Resist the intrusion of vehicles, and contribute in the reduction of the vehicle weight with almost no compromise on safety. They are used in a wide variety of exterior applications ranging from bumpers to body panels. Such wide applicability has benefitted the global automotive plastic market demand.

 

 

Companies are involved in the research and development activities for developing new materials for usage in the vehicle industry. Thermoplastic material blends, light weight PP, bio-based materials are some of the examples of the ongoing R&D activities. Manufacturing techniques such as multi-level extrusion for reduction of permeability are being used to manufacture plastics for specific needs.

 

Vehicle mass reduction is one of the key paths to achieve increased fuel efficiency. Plastic in combination with polymer composites aid in this effort. They are being increasingly used in vehicle interiors, exteriors, and lighting to reduce the overall vehicle weight. Government or privately funded mass reduction studies have pointed out the usage of these materials and their importance in cutting down emissions. Thus, favorable regulations along with initiatives taken by government as well as private institutions is bound to benefit the automotive plastics market demand over the next few years.

 

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Companies are developing products that aid automotive manufacturers to reduce the vehicle weight, reduce emissions, as well as increase safety. Customized products suitable for applications such as retainers, central stack, housings, rails, sliding, brackets, housing, levers as well as frames are being provided by companies. Some of the major market players for automotive plastics include Akzo Nobel NV, Evonik Industries AG, BASF SE, Covestro AG, Koninklijke DSM NV, The Dow Chemical Company, Teijin Limited, LANXESS, Solvay, and LyondellBasell Industries Holdings BV.

 

Animal Feed Enzymes Market Recent Developments, Emerging Trends and Business Outlook

 Global Animal Feed Enzymes Market: Trending in 2021

 

The global animal feed market size is anticipated to reach $337.7 billion by 2026, growing at a CAGR of 4.7% during the forecast period, according to a report published by Polaris Market Research. The report ‘Animal Feed Market Size By Product Type (Compound Feed, Fodder, Forage), By Animal Type (Livestock (Poultry, Cattle, Pigs, Aquaculture, Others) Pet Animals), By Regions & Segments Forecast, 2018 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends.

 

Animal feeds have contributed significantly in the growth of food industry globally and feed are among the most crucial and essential component for retaining abundant, affordable and safe animal proteins. For over a decade, the world has witnessed rising demand for proteins derived from animal, including fish, livestock, and dairy. The growth has been witnessed mainly in the developing regions as reported by IFIF, wherein the developed regions have witnessed fluctuating stabilities in growth. The global feed industry has witnessed production expansion in terms of volume and value. This phenomenon has taken place concerning growing worldwide population, more consumer purchasing power, and rising urbanization.

 

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With modern population achieving new levels of political and commercial involvements, there is an anticipated enhancement in the demand for animal feed further which is crucially significant in the entire food chain for its role. As the producer’s perseverance becomes more consumer-oriented and focused, the outcomes include increasing environmental footprint with even more rapidly growing requirements for sustainability. Mill and farm feed have witnessed a push on account of increasing environmental impact and greenhouse gases concerning the production of animals.

 

Some of the significant market participants currently operating in the industry include DaChan Food (Asia) Ltd., Yuetai Group, Smithfield Foods, NongHyup Feed Inc., Tangrenshen Group (TRS), East Hope Group, Nutreco, De Heus, Haid Group, Shuangbaotai Group (Twins Group), Agrifirm Group, JA Zen-Noh, Purina Animal Nutrition, ForFarmers N.V., Tyson Foods (broiler), New Hope Liuhe, BRF, Wen’s Food Group, Cargill, and CP Group.

 

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The selectivity priority by consumers in the purchase of eggs, meat, and dairy products, have been coupled with the questions of particular animal feeds and the breeding conditions related to each. Feed mills are also considered to be most crucial to the value chain as a human diet id directly influenced by these which have also gained an enthusiastic consumer culture. Feed is considered to be very essential as these might contain adulterated components which can be a serious issue for the food safety. Thus, the global feed market has shown interest in extensive production of organically developed high quality animal feed due to changing consumer behaviour related to the quality of output such as milk or meat. These parameters have been continuously playing important role in the advancement of the global feed industry.

 

The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the global animal feed industry, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC and South America, and MEA. North America is further segmented into U.S., Canada. Europe is divided into Germany, UK, Italy, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.

 

Competitive Landscape and Key Vendors

The Asia Pacific is the largest regional market for the animal feed market. The increase in rapid production by meat processors and changing consumer demand & behaviour for organic food products are identified to be among some of the crucial parameters for the growth of feed market in the region. This regional market is expected to witness considerable growth over the forecast period.

 

Multiple new product innovation, unpenetrated & under-penetrated market dynamics, several expansion strategies among the feed producers, surging demand for nutrient-rich & healthy feed, and growing purchasing power, are the most important factors driving the Asia Pacific market. Europe is likely to be another potential regional player for feed production over the forecast period.

 

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Used Cooking Oil (UCO) Market 2021, Business Opportunities by leading Key players

 Global Used Cooking Oil (UCO) Market: Trending in 2021

The global used cooking oil (UCO) market size is anticipated to reach USD 773.5 Million by 2026, growing at a CAGR of 3.6% during the forecast period, according to a new research published by Polaris Market Research. The Report “Used Cooking Oil Market Share, Size, Trends, & Industry Analysis Report [By Source (Restaurants and Other Food Outlets, Household, Food Manufacturers, Caterers, Others) By Application (Biodiesel, Oleo Chemicals, Animal Feed, Others), By Regions]: Segments & Forecast, 2019 – 2026” provides a thorough and detailed analysis with an overview of present trends and future insights. In 2018, the biodiesel segment accounted for the highest share in this market in terms of revenue. Europe is expected to be the leading contributor to the market revenue in 2018.

 

Increasing urbanization and industrialization coupled with growing demand for biofuels majorly drives the UCO market growth. The increasing population, and rising awareness regarding use of renewable resources further support the growth of this market. Increasing demand for sustainable energy solutions, and environmental awareness boosts the market growth. The growth in the global food and beverage industry, and significant increase in restaurants and food outlets also accelerate the development of the used cooking oil market. Increasing use as additive in animal feed, rising focus on improving animal health, accelerating demand from emerging countries, and growing initiatives to promote sustainable energy sources are expected to provide growth opportunities in the used cooking oil industry during the forecast period.

 

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Europe generated the highest market share in terms of revenue in the global used cooking oil industry in 2018, and is expected to lead the market throughout the forecast period. The growing population, urbanization, and industrialization increase the demand for used cooking oil in the region. The rising environmental concerns, and favorable government regulations is generating numerous opportunities for the used cooking oil industry in the region. Increasing demand for biodiesel, and growing awareness regarding animal health also boosts market growth in Europe.

 

The well-known companies profiled in the UCO market report include Greenergy International Ltd, Baker Commodities Inc., Darling Ingredients, Proper Oils, Uptown Biodiesel Limited, Argent Energy, Devon Biofuels, Brocklesby Ltd, Biomotive Fuel Ltd., and Lywood Consulting. These companies are consistently launching new products to enhance their offerings in the global used cooking oil industry. With the advancement of technologies, companies are innovating and introducing new customized solutions to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

 

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Polaris Market Research has segmented the global used cooking oil (UCO) market on the basis of Source, Applications and Region:

 

Used Cooking Oil Source Outlook (Revenue, USD Million, 2015 – 2026)

• Restaurants and Other Food Outlets
• Household
• Food Manufacturers
• Caterers
• Others

 Used Cooking Oil Application Outlook (Revenue, USD Million, 2015 – 2026)

• Bio-diesel
• Oleochemicals
• Animal feed
• Others

Used Cooking Oil Regional Outlook (Revenue, USD Million, 2015 – 2026)

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
• Asia-Pacific
  • China
  • India
  • Japan
  • Singapore
  • Australia
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa