Global Industry Analysts, Inc.

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Opportunities Abound for Activated Carbon in the Global Market Supported by Stringent Environmental Remediation Regulations

The global market for Activated Carbon is projected to reach 3.3 million metric tons by 2025, driven by stringent environmental regulations governing water and air purification, growing demand for clean potable water across the world and rapid industrial growth of Asia and other emerging markets.

Activated carbon is an ubiquitous material finding usage in a myriad of applications ranging from water treatment, air purification, to food & beverage processing, medical & pharmaceuticals production and automotive emission canisters, among others. Global market for activated carbon is driven by stringent environmental regulations concerning water and air purification, increasing in purging heavy metal residues in industrial pollutants, and the rapid industrial growth of Asia and other emerging markets. Demand for Activated carbon is expected to benefit from demand in motor vehicle emission canisters as a result of new environmental regulations and rebounding automobile production. The adoption of EPA Tier 3, Near Zero gasoline vapor emission standards in the U.S. is expected to drive demand for activated carbon over the near to midterm. The global market is also expected to receive impetus from developments in the reactivated carbon segment. Reactivated carbon is anticipated to experience increased usage among municipalities and industries in line with their increased focus on lowering carbon footprint while achieving cost savings.

Water treatment is expected to continue as the leading demand area for activated carbon in the global market through the medium term, while other uses including air purification and food & beverage processing are expected to foster faster growth in demand. Despite the numerous forms of AC available today, granular activated carbon (GAC) and powdered activated carbon (PAC) have emerged as the two most widely used types in various markets. These forms of AC are expected to strengthen their stronghold and garner an even higher share of the overall market through the forthcoming years, spurred mainly by environmental regulations in various countries across the world. Demand for reactivated carbon is also forecast to increase among municipalities and industries, given the growing focus on cost-effective conformance to carbon ceiling laws.

As stated by the new market research report on Activated Carbon, the U.S. represents the largest market worldwide, supported by stringent environmental  such as Mercury and Air Toxics Standards (MATS) for removal of mercury at coal and oil based power plants and other industries in the region, and the implementation of the Disinfection Byproduct (DBP) Rule aimed at treating potable water. Asia-Pacific is forecast to emerge as the fastest growing market with a CAGR of 8.5% over the analysis period, led by factors such as improving economy, resurgence in construction, and automobile sectors, rapid urbanization, and increasing levels of industrialization.

Major players in the market include ADA Carbon Solutions, Cabot Norit Activated Carbon, Calgon Carbon Corporation, Carbon Activated Corp, Evoqua Water Technologies LLC, Clarimex Group, Kuraray Co. Ltd.  Ingevity, and Osaka Gas Chemicals among others

The research report titled "Activated Carbon: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, issues, and strategic industry activities of major companies worldwide. The report provides market estimates and projections for geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America and Rest of World. The report analyzes the global market for activated carbon by product segment – Powdered Activated Carbon, Granular Activated Carbon, and Other Activated Carbon. End-use applications segments analyzed include Liquid Phase Applications (Water Treatment, Food & Beverages, Medical & Pharmaceuticals, and Other Liquid Phase Applications) and Gas Phase Applications (Air Purification, Automotive Emission Canister and Other Gas Phase Applications).

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Critical Importance of Assaying in Research & Diagnostic Applications Drives Growth in the Global Immunoassay Systems Market

The global market for Immunoassay Systems is projected to reach US$31.6 billion by 2025, driven by critical importance of assaying in research and diagnostic applications amid growing emphasis on early diagnosis of disease conditions and development of novel biomarkers. Improving access to healthcare and testing services in developing countries is another major market driver.

Immunoassays are test procedures based on the specific immuno-reaction between an antibody and an antigen, for the determination of amount of an analyte in a test sample. Thanks to the steady expansion in immunodiagnostics, biomarker research programs, and technological advancements in the overall healthcare industry, world market for immunoassays systems evolved remarkably over the years, and continues to project a favorable outlook for the future. Rising incidence of debilitating conditions, such as diabetes, cardio-vascular ailments, infectious diseases, autoimmune disorders, allergy and cancer, fuelled the demand for immunoassay tests over the years. Multiplex immunoassay and bespoke systems widened their footprint supported by the growing need for better disease analytic procedures that offer greater efficiency and low-cost benefits.

Immunoassays market continues to benefit from fast paced technology developments which promise to bring new opportunities for growth.  Introduction of novel assays has provided a great boost to the immunoassay diagnostics market, particularly in mature markets such as the US and Europe. Therefore, the future of immunoassay market immensely relies on development of novel assays in oncology, autoimmunity and cardiology among other prominent areas, which will be primary revenue contributors for the market over the next few years. Rapid and effective tests for identification of disease conditions are fast gaining popularity and will accelerate growth in the market.

Although the forecasts remain favorable, the market has to deal with certain issues and challenges such as increasing competition from molecular assays, commoditization of ELISA Kits for various analytes, and uncertain regulatory landscape in certain application domains and regions.

As stated by the new market research report on Immunoassay Systems, the United States represents the largest market worldwide. Asia-Pacific is projected to witness the fastest growth with a CAGR of 10.7% over the analysis period, led by factors such as improving healthcare infrastructure, increased healthcare spending, focus on effective management of chronic diseases  and rising trend of medical tourism.

Major players in the market include Abbott Laboratories, Beckman Coulter Inc., bioMérieux SA, Bio-Rad Laboratories Inc., DiaSorin S.p.A, Fujirebio Inc., Ortho-Clinical Diagnostics Inc., Quidel Corporation, Roche Diagnostics, Siemens Healthineers, Sysmex Corporation, and Tosoh Bioscience Inc., among others.

The research report titled “Immunoassay Systems – Market Analysis, Trends, and Forecasts” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of major companies worldwide. The report provides market estimates and projections for all major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World. Product segments analyzed include Enzyme Immunoassay, Fluorescence Immunoassay, Chemiluminescence Immunoassay, Rapid Tests, ELISPOT, PCR, and Others.

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

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Increasing Prevalence of Dental Diseases & Ensuing Increase in Demand for Dental Procedures to Drive Growth in the Global Dental Surgical Equipment Market

The global market for Dental Surgical Equipment is projected to reach US$5.9 billion by 2025, driven by the rising prevalence of dental diseases and the ensuing increase in demand for dental treatments, increasing popularity of cosmetic dental procedures, launch of technologically advanced surgical equipment and tools and dental tourism trend in developing economies.

Oral health is an essential constituent of overall health and quality of life. Despite significant improvements in oral health, rising prevalence of dental diseases owing to poor dental hygiene and sugary diets remains a major health concern in both developed and developing economies. Expanding edentulous population, improper eating habits, growing acceptance of cosmetic dentistry, expanding elderly population and increased awareness about oral hygiene are leading to a significant increase in demand for dental procedures, thus driving growth in the market for dental surgical equipment and supplies. Dental practitioners use a wide range of tools and surgical equipment, including dental lasers, 3D imaging systems, digital radiography and dental X-ray systems, for examining, diagnosing and treatment of dental diseases, and for detecting any abnormalities and conditions such as oral cancer.

The market also stands to benefit from the steady increase in the number of dental practitioners, establishment of dental clinics and rising patient preference for painless dental surgeries and treatments. The development and launch of highly sophisticated and innovative technologies offering advanced screening and imaging capabilities and promising higher accuracy levels bode well for market growth. Owing to the innovations, dental surgical as well as imaging devices can now be customized to comply with the specific needs of patients. Especially gaining popularity are laser dentistry, nanotechnology-based implants and 3D imaging technologies due to their ability to enable faster recovery and reduce pain while improving safety and effectiveness of the treatment procedure for patients. Digital X-ray systems represents the largest product market, with growth led by the ability of digital systems to provide high quality images and lower the overall diagnosis time. The fastest growing market segment dental lasers, is driven by expanding dental needs of the middle class and elderly population and advancements in laser technology.

As stated by the new market research report on Dental Surgical Equipment, the United States represents the largest market, worldwide supported by the high prevalence of dental caries, growing demand for cosmetic dental treatments and increased willingness of dentists to adopt cutting edge dental technologies. Asia-Pacific is poised to register the fastest CAGR of 8.9% over the analysis period driven by factors such as huge unmet oral care needs of a growing population, high prevalence of dental diseases, proliferation of dental healthcare services, and growing prominence of dental tourism in low cost emerging Southeast Asian countries such as Thailand, Vietnam, Cambodia, and the Philippines.

Major players in the market include 3M Company, A-dec Inc., AMD LASERS LLC, BIOLASE Technology Inc., Carestream Dental LLC, Danaher Corporation, DCI International, DentalEZ Inc., Dentsply Sirona, G&H Orthodontics Inc., Gnatus International Ltda., Hu-Friedy Mfg. Co. LLC, Integra LifeSciences, Ivoclar Vivadent AG, J. Morita Mfg. Corp., Midmark Corporation, NSK Nakanishi Inc., Planmeca Oy, Takara Belmont Corporation, The Yoshida Dental Mfg. Co. Ltd., Ultradent Products Inc., Young Innovations Inc., and Zimmer Biomet Holdings Inc.,  among others.

The research report titled “Dental Surgical Equipment - Market Analysis, Trends, and Forecasts” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Middle East & Africa and Latin America (Brazil and Rest of Latin America). The market is analyzed by the following Product Group/Segment - Dental Instrument Delivery System Units (Mobile and Stationary), Digital X-ray Systems, Dental Lasers, Chairs & Stools, Intraoral Video Camera, Dental Hand Instruments (Forceps, Pliers, Broaches, Cutting Instruments and Burs), and Infection Control Equipment.

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

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Government Regulations on Clean Air and Strong Investments in Clean Energy Technologies to Drive the Global Solid Oxide Fuel Cells Market

The global market for Solid Oxide Fuel Cells (SOFCs) is projected to reach US$3.1 billion by 2025, driven by the ever increasing demand for electricity across the globe and rising focus on clean energy and renewable energy production.

A type of fuel cell technology, Solid Oxide Fuel Cell (SOFC) generates energy by electrochemical conversion. The technology therefore finds attractive application in the energy generation industry. As a reliable, environment-friendly and low cost source of energy with long-term stability and sustainability, SOFC is poised to witness robust growth in the coming years. With per-capita consumption of electricity on the rise worldwide, the need to increase electricity production has become a top priority for governments across the globe. As governments seek to balance energy self-sufficiency goals and commitment to climate change agreements, SOFC is soaking up the spotlight as a clean technology of the future. By boosting electricity generation capabilities of a nation, SOFCs help in attaining energy security goals. SOFCs score over traditional energy generation technologies by virtue of their higher operating efficiency and limited reliance on imported fuels. Being a multi-fuel technology, SOFCs can operate on a wide range of fuels including renewable energy, such as biogas, which makes the nation less dependent on imported fossil fuel for electricity generation.

SOFCs are increasingly used in stationary power generation multi mega-watt base load power plant applications, as well as in medium-watt sized residential applications. While SOFCs are primarily used for clean electricity generation in large multi-megawatt stationary power plants, its portable and smart features also make them suitable for use in small watt-portable applications, including battery chargers. SOFC technology directly oxidizes fuel in the cell and is therefore being commercialized for powering a range of portable and mobile electronic devices. Given their higher energy efficiency and scalability benefits, SOFCs are also finding mainstream adoption for auxiliary power generation thus displacing the inefficient traditional generators. Stringent environmental regulations and emission control norms governing the power and automobile sectors are also driving growth in the market. While combustion of coal in traditional thermal power plants contributes significantly to environmental pollution, rampant proliferation of internal combustion engine powered automobiles additionally doubles the impact on the environment. The zero emission drive and tightening clean air regulations are therefore forcing power generation and automotive companies to shift their focus from conventional methods of energy generation towards developing and using a more environment-friendly technology. The scenario opens a new window of opportunities for SOFCs. As the case with other fuel cell technologies, SOFC companies are heavily dependent on government subsidies for viability. The environmental benefits of SOFCs make them a key beneficiary of new government programs to reduce dependence on fossil fuel resources and promotion of alternate energy. Expansion in application areas other than energy generation, such as transportation, military, portable product power source and other application areas will be critical for growth in this market.

As stated by the new market research report on Solid Oxide Fuel Cells (SOFCs), Japan represents the largest market worldwide. Asia-Pacific ranks as the fastest growing market with a CAGR of 29.2% over the analysis period led by huge government support for green energy and financial subsidies for environmental friendly power generation technologies. With progressive refinements in performance and affordability, China and other energy-hungry Asian economies are expected to embrace SOFC technology and emerge as game changers in SOFC market in the long term.

Major players in the market include Adelan Ltd., Atrex Energy Inc., Bloom Energy Corporation, Ceramic Fuel Cells Limited, Ceres Power Limited, Convion Ltd., Elcogen AS, FuelCell Energy, Inc., Hexis AG, SOLIDpower S.p.A., Sunfire GmbH, and Ultra Electronics Holdings Plc, among others.

The research report titled “Solid Oxide Fuel Cells (SOFCs) - Market Analysis, Trends, and Forecasts", announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, issues, drivers,  mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections in US dollars for all major geographic markets including the United States, Canada, Europe (France, Germany, Italy, United Kingdom, Spain, Russia and Rest of Europe), Asia-Pacific (including Japan), and Rest of World. The global market for SOFCs is also analyzed by end-use applications Remote Power & Auxiliary Power Units (APUs), Combined Heat & Power (CHP), and Others.

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

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Busy Aircraft Production Line Keeps Global Demand for Aerospace Fasteners Ticking

The global market for Aerospace Fasteners is projected to reach US$7.7 billion by 2025, driven by healthy production of commercial aircraft supported by new orders from Asia-Pacific coupled with high order backlogs among international OEMs.

Mechanical fastening devices such as bolts, nuts, screws, rivets or nails, that affix or join together two or more objects, are of high significance as they are the critical components that define the integrity and longevity of structures. The aerospace fasteners industry evolved alongside the aerospace industry which witnessed a continuous development of aircraft from commercial, shipping, military and business airplanes to highly advanced ballistic missiles and rockets. Fasteners are required to be highly durable to withstand extreme gravitational pressures when in air. Although fasteners account for just 3% of the total airplane manufacturing cost, they cannot be overlooked because of their small size, as the safety and efficiency of an aircraft is largely dependent on the proper selection and correct installation of these very small hardware parts. The aerospace sector uses variety of fasteners such as hi-locks, bolts, nuts, washers, rivets, collars, screws, spacers and pins. All these fasteners are required to be certified by stringent standards governing usage in each end-use sector and hence the entry barriers for new entrants in this industry are quite high.

The global aerospace industry is concentrated in a few countries. With most of the civil aviation and general aviation production concentrated in North America, and Europe, the market for Aerospace Fasteners also depicts a similar trend. Boeing and Airbus dominate the global commercial aviation market, virtually accounting for the market for large airliners. However, Comac of China has embarked on a program to launch the single-aisle short-haul C919 aircraft by 2020. If successful, the new aircraft would render increased competition in the single-aisle aircraft market. Apart from OEM demand, MROs also require supply of aerospace fasteners. However, demand from MROs is small compared to the OEM market, as aerospace fasteners are regular replacement parts such as engine components and other parts, which witness regular wear and tear requiring periodic replacement.

As stated by the new market research report on Aerospace Fasteners the United States represents the largest market worldwide, supported by the presence of a large number of aerospace companies in the country. Asia-Pacific is forecast to emerge as the fastest growing market with a CAGR of 11.7% over the analysis period, led by the continuous development of the domestic commercial aerospace industry in China and India.

Key players in the market include 3V® Fasteners Company Inc., Aerofit LLC, Allfast Fastening Systems, Arconic Inc., B&B Specialties Inc., Boeing Distribution Services, Bristol Industries LLC, Cherry Aerospace, Consolidated Aerospace Manufacturing LLC, LISI Aerospace S.A.S, M.S. Aerospace, Monogram Aerospace Fasteners, National Aerospace Fasteners Corporation, Nylok Corporation, Precision Castparts Corp., QRP® Inc. , STANLEY Engineered Fastening, TFI Aerospace Corporation, TPS Aviation Inc., TriMas Corporation, Voss Industries Inc. , and Wesco Aircraft Holdings Inc., among others.

The research report titled "Aerospace Fasteners - Market Analysis, Trends, and Forecasts" announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, innovations and launches, and strategic industry activities of major companies worldwide. The single segment report provides market estimates and projections in US dollars for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, and Rest of Asia-Pacific), Latin America, and Rest of World.

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

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Stringent Safety Regulations & Adherence to  Fire Safety Best Practices to Spur Growth in the Global Passive Fire Protection Coatings Market

The global market for Passive Fire Protection Coatings is projected to reach US$5.4 Billion by 2025, driven by wider adoption of best construction practices and building codes amid growing number of fire accidents and their destructive impact on property and life. Market growth is also driven by availability of lightweight, fast-drying, and high-performance intumescent coatings for containing cellulosic and hydrocarbon fires in construction, refinery, automotive, aerospace, and marine applications.  

Passive fire protection (PFP) coatings are a type of reactive, passive fire protection materials which when used on structural elements prevent, control and/or delay fire from spreading. These materials are applied to provide ample time to escape the building in case of a fire accident, preventing the fanning of flames to adjacent buildings and spaces, enhancing the safety of rescue personnel and delaying collapse of the core structure/foundation of the building. Increasing urbanization, growing number of fire accidents, increasing stringency in regulations and norms related to fire safety, and a general rise in awareness on safety are driving demand for PFP coatings. Benefits such as much lower maintenance post application when compared to active fire protection solutions, and higher reliability than some of the other reactive, passive fire protection solutions fuel adoption of PFP coatings. Construction and Oil & gas industries remain major end-use markets for PFP materials. Growing construction activity worldwide and increasing investments in oil & gas exploration and production are spurring growth in PFP coatings demand worldwide. Further, growing demand from niche end-use segments such as marine, automotive and aerospace is expected to increase adoption going forwards. Product innovations are also contributing to growth, fueled by exploration of novel materials for use in various applications to boost performance.

Cementous coatings benefit from lower costs and faster application that drive its demand in both industrial and construction sectors. Market for intumescent coatings is driven by its use in a wide range of industries including the oil & gas industry, skyscrapers, offices, residential and commercial buildings, colleges, hospitals and restaurants among others. Apart from reliability, durability and high efficiency, intumescent coatings demand low maintenance and provide the additional benefit of protection against corrosion. Passive fire protection coatings serve a bevy of industries. High durability of intumescent coatings has helped increase their appeal in the automotive market, where they offer protection against high engine temperature forming a thermal barrier in vehicles.  

As stated by the new market research report on Passive Fire Protection Coatings, Asia-Pacific represents the largest market worldwide for Passive Fire Protection Coatings. The region also represents the fastest growing market worldwide, with a CAGR of 9.6% through the analysis period. Rapid growth in population alongside dramatic increase in urbanization as well as growing commercial and industrial constructions is expected to drive demand for PFP coatings in the region. Growing safety awareness and implementation of new rules and policies that mandate the use of effective passive fire protection coatings in residential and commercial buildings are also fueling growth.

Major players in the market include AkzoNobel N.V., Carboline Company, Hempel A/S, Jotun Group, Kansai Paint Co. Ltd., Nippon Paint Co. Ltd., No-Burn Inc., PPG Industries Inc., Promat International NV, RPM International Inc., Svt Holding GmbH, Teknos Group, The Sherwin-Williams Company, and tremco illbruck Group GmbH, among others.

The research report titled “Passive Fire Protection Coatings – Market Analysis, Trends, and Forecasts” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for Passive Fire Protection Coatings in value terms for all major geographic markets such as United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China and Rest of Asia-Pacific), Middle East & Africa, and Latin America.

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

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“More Than Meets the Eye” Importance Attached to Sleep Quality in View of its Central Role Played in Influencing Long-Term Health & Well Being to Spur Growth in the Mattresses Market

The global market for Mattresses is projected to exceed US$51 billion by 2025, driven by the growing awareness over the health benefits of good sleep quality against the backdrop of increasing number of evidence based research studies linking poor sleep quality with increased health disorders.  

A mattress is a large padded case, usually stuffed with soft material such as cotton, straw or foam and bound by a coverlet or some form of weaving. Given the high significance of sleep in the overall well-being of humans, mattresses play a vital role in ensuring comfortable sleep and overall health for individuals of all age groups. Rising awareness about the benefits of improved sleep, growth in the specialty mattress segments and lucrative consumer demographics continue to drive gains in the global mattress market. Rising incidence of lifestyle induced sleep disorders constitute a major reason for consumers willing to pay a premium price for quality mattress, particularly one which offers therapeutic benefits. The industry is also a key beneficiary of rising home ownership rates, larger homes with more bedrooms, shortened mattress replacement cycles, technology advances, and research and development of new materials. Poised to gain are multiple function beds with specific therapeutic attributes.

Over the years, there has also been major rise in luxury bedding alongside the demand for comfortable mattresses which ensure sound sleep. Ongoing trends in mattresses market represent a transition towards mattresses incorporating organic and anti-allergen materials, advanced components such as gel and phase-change materials for temperature regulation, and smart fabrics.. The industry is also witnessing increased roll out of mattresses featuring smart technology which tracks and logs sleep patterns, monitor breathing and heart rate while sleeping, and self-adjusts as per the sleep data of the person to optimize peaceful sleep. The market is expanding beyond apps for including designated wearables, smart alarm clocks, and fitness trackers. Online sale of boxable beds that can be vacuum wrapped, compressed and rolled up in boxes easily comprises another latest trend in the market. Growth in the developed markets is also attributed to the emergence of startups in the bedding industry with their innovative products and strategies including bed in a box concept to disrupt the traditional value chain.

The memory foam market continues to witness disruption by non-traditional brands, backed by lower prices, improved consumer awareness, and less perceived differentiation by consumers from conventional brands for quality and durability. The specialty mattress segment comprising airbeds, viscoelastic, foam mattresses and waterbeds, are projected to register faster growth compared to traditional mattresses attributed to consumer perception of these products, as being of high quality and with longer life span.

As stated by the new market research report on Mattresses, Asia-Pacific represents the largest as well as the fastest growing market worldwide with a projected CAGR of 7.8% over the analysis period. Major growth drivers in the region include rise in living standards, increase in disposable income, surge in housing and refurbishing activity supported by rapid urbanization and recovering construction markets and home values, wider product choices, shorter replacement cycles, strong outlook for the hospitality industry coupled with branding and promotional focus on sleep-centric services and the resulting need to improve sleeping conditions.

Key players in the market include Amerisleep, Casper Sleep Inc., Corsicana Bedding Inc., Innocor Inc., King Koil, Kingsdown Inc., Paramount Bed Co. Ltd., Relyon Limited, Restonic Mattress Corporation, Serta Simmons Bedding LLC, Sleep Number Corporation, Silentnight Group Ltd., Spring Air International, Tempur Sealy International Inc., among others

The research report titled “Mattresses - Market Analysis, Trends, and Forecasts” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (Australia, China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World. Key product segments analyzed include Traditional Innerspring Mattresses and Non-Innerspring (Specialty) Mattresses.

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

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Myriad Benefits Ranging from Cost Reduction to Process Efficiency Drive Demand for Business Process Outsourcing Services

The global market for Business Process Outsourcing (BPO) is projected to reach US$332.5 billion by 2025 driven by the increased demand for outsourcing services from corporate entities seeking to enhance productivity, reduce costs, optimize resource utilization, and transform business operations. World BPO market is also driven by ongoing adoption of new generation technologies such as Automation, Big Data, Cloud BPaaS/Cloud, and Analytics in BPO service infrastructure.

Business Process Outsourcing (BPO), a smaller part of outsourcing, relates to contracting of specific roles, operations and business functions to third party service providers. BPO, generally classified into back office outsourcing comprising internal business functions such as accounting and finance or human resources, and front office outsourcing consisting of contact center services, offers better utilization of resources, improved productivity, and cost efficiencies. Globalization and technology, transforming the manner in which business is performed and offering novel opportunities, has impacted BPO to change and evolve over the years. With technology innovations providing opportunities for accelerated economic growth, the demand for outsourcing of business operations is increasing multi-fold. As a result, the evolving environment offers significant growth opportunities for BPO companies as well as countries wanting to attract inward investment from the outsourcing industry. Focus has rapidly shifted from the traditional model of achieving labour cost reduction on to providing comprehensive sector specific value-added services, adoption of process automation, BPaaS (business process as a service), Big Data Analytics and secure private cloud infrastructure, among others.

Banking sectors across the globe are recognizing the potential of shared services in terms of cost reduction for various functions including procurement, human resources and financial imbursement processing among others. Customer services ranks among the key competitive differentiators in the BPO sector. Software solutions like Robotic Process Automation (RPA) that replicate some of manual processes is gaining significance. On the other hand re-shoring strategies in several consumer-driven sectors including financial services and telecommunications is expected to boost customer satisfaction levels. A relatively unknown effect due to the BPO phenomenon is the process work transformation. Though the BPO sector is often blamed for night shifts and its excessive dependence on American accents, many advantages outweigh the disadvantages, and hence it is here to stay readying itself for the next phase of innovation.

Ongoing transformations in the political and economic scenarios across the globe are posing several challenges for investors and businesses worldwide, which is also affecting the BPO sector. In recent times, the BPO trend has been associated with growing globalization of global economy, steering a shift in the manner in which Europe and the US view emerging countries of the Eastern world. The Brexit initiative is hugely responsible for roadblocks in the European business cycle as well as waning investor confidence levels. Despite all such challenges, the global BPO sector is projected to exhibit decent growth rates over the next decade.

As stated by the new market research report on Business Process Outsourcing (BPO), the United States represents the largest market worldwide. Asia-Pacific ranks as the fastest growing market with a CAGR of 9.6% over the analysis period. India and the Philippines remain the two most lucrative destinations for BPO services. The BPO phenomenon in Asian countries is an outcome of three major global phenomena - globalization, economics and geopolitics.

Key players in the market include Accenture Plc, Alight Solutions LLC, Atos SE, Automatic Data Processing Inc., Capgemini SE, Capita Plc, Ceridian HCM Inc., CGI Group Inc., Cognizant Technology Solutions Corporation, DXC Technology Co., EXLService Holdings Inc., Genpact Limited, Infosys BPM Limited, International Business Machines Corp., KARVY Global Services Limited, NGA Human Resources, NTT DATA Inc., Randstad Holding NV, Sopra Steria Group, StarTek Inc., Tata Consultancy Services Limited, TriNet Group Inc., Wipro Limited, and WNS Global Services Ltd., among others.

The research report titled “Business Process Outsourcing – Market Analysis, Trends, and Forecasts” announced by Global Industry Analysts Inc., provides a comprehensive review of industry, trends, drivers, issues, mergers, acquisitions and other strategic industry activities of major companies worldwide. The report provides market estimates and projections for all major geographic markets such as the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (Australia, China, India and Rest of Asia Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World. Key horizontal segments analyzed for the global and regional markets include Finance & Accounting, Customer Services, HR, KPO and Procurement. End-use markets analysed include Manufacturing; Telecommunications & Technology; Banking, Insurance & Finance Services; Retail and Others.

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

For enquiries e-mail us at [email protected] or [email protected].         For cutting edge analyst reviews on top industries, follow us on Twitter and connect with us on LinkedIn

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Increasing Demand for Non-Surgical & Cost Effective Oncology Treatments to Drive the Global Radiation Therapy Equipment Market

The global Radiation Therapy Equipment market is projected to reach US$10.6 billion by 2025, driven by the epidemic spread of cancer across the world, growing preference for non-surgical cancer treatment options, and increased R&D focus on the development of sophisticated, cost effective and efficient cancer treatment equipment.

Cancer has emerged as one of the most critical health issues confronting the world. As per the World Health Organization (WHO), cancer is among the leading causes of mortality as well as morbidity across the world. More than 18 million new cases of cancer are diagnosed each year, with the risk level higher among the world’s aging population. Changing lifestyles and dietary habits, physical inactivity, tobacco consumption, and environmental exposures are contributing to sustained increase in incidence of cancer not just in developed countries but also in developing economies. With cancer incidence expected to reach 25 million by 2030, there is increased demand for minimally invasive and cost efficient therapies. Radiation therapy or radiotherapy is one technique that has become an integral part of treatment for cancer patients. By using high-energy radiation from sources such as X-rays, neutrons, protons, and gamma rays, radiotherapy kills cancer-affected tissues or prevents multiplication of cancer cells in the body. Increasing preference for non-surgical techniques is a major factor promoting radiotherapy.

The global market for radiotherapy equipment and software is expected to post strong growth in the coming years, driven by the rising incidence of cancer worldwide. Developing countries with growing population and globalization of unhealthy lifestyles and inadequate healthcare infrastructure represent underserved markets with immense untapped potential for growth for   manufacturers of radiation therapy equipment. The market is benefiting from the steady pace of technological advancements and increase in cancer research funding over the years. Focus will be shed on designing equipment that aid in accurate diagnosis. Since metastasis, where cancerous cells and tumors spread to organs resulting in their failure, is the most common cause of cancer-related mortality, focus is on the development of treatments that can destroy the primary and secondary tumors known to cause metastasis.

Conventional radiotherapy systems as well as advanced procedures including Image-Guided Radiation Therapy (IGRT), Intensity-Modulated Radiation Therapy (IMRT), stereotactic radiosurgery (SRS), proton therapy and stereotactic body radiotherapy (SBRT) are gaining widespread acceptance in cancer treatment. The gradual transition from traditional technologies to highly complex treatment procedures such as 4D imaging, nanotechnology, intensity-modulated radiotherapy, particle therapy and stereotactic body radiation therapy is enabling clinicians to improve accuracy and precision of radiotherapy. Proton therapy is emerging as a promising treatment technique due to the relatively less risk associated with the procedure.

As stated by the new market research report on Radiation Therapy Equipment, the United States represents the largest market worldwide supported by a favorable multi-payer Oncology Care Model (OCM) designed to provide high quality coordinated care services and availability of advanced cancer care delivery system. Asia-Pacific is poised to grow at the fastest CAGR of 9.6% over the analysis period, driven by rising cases of cancer, steady increase in healthcare expenditure, and promising growth in medical tourism.

Major players in the market include Accuray Incorporated, BrainLab AG, Elekta AB, GE Healthcare, Hitachi America Ltd., IBA Group, Nordion Inc., Philips Healthcare, RaySearch Laboratories AB, Sumitomo Heavy Industries Ltd., and Varian Medical Systems Inc., among others.

The research report titled “Radiation Therapy Equipment – Market Analysis, Trends, and Forecasts” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Middle East & Africa and Latin America (Brazil and Rest of Latin America). The report analyzes the Radiation Therapy Equipment market by Therapy Type - External Beam Radiation Therapy, Internal Radiation Therapy and Systemic Radiation Therapy.

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Expanding Applications & Development of New and Improved Products to Drive the Global Technical Textiles Market

The global Technical Textiles market is projected to reach US$223.8 billion by 2025, driven by expanding range of applications and development of new and advanced technical textiles.  Textile industry dynamics around the world have been significantly influenced by the globalization of business activities and the outsourcing phenomenon. The growing need to improve effectiveness and enhance efficiency of the textile industry operations has led to the development of new and more effective textiles including technical textiles. The superior functional characteristics and technical performance offered by the product are enabling technical textiles to gain prominence in the overall textiles industry. Technical textiles are textiles with functionalities such as filtration, resistance, conductivity, flexibility, strength, lightness and reinforcement among others. The superior strength, weatherability, durability, technical performance and versatility of technical textiles compared to traditional textiles make them suitable for use in several domestic, commercial and industrial applications. The unrelenting focus of the textile industry on committing resources and time for identifying areas requiring improvements in technical textile market are also driving sector growth.

The global market for technical textiles is strongly influenced by expanding applications in a range of end-use sectors, steady pace of technology advancements, and stable economic environment. The burgeoning application possibilities for technical textiles have led to strong growth in the technical textiles market. Rapid growth of automotive industry in emerging economies and the growing use of technical textiles in construction industry applications are expected to stimulate technical textiles market in the coming years. Rising demand for geotextiles, increasing demand for nonwoven technical textiles and the growing use of technical textiles in electronics industry also augur well for the market’s growth. Also driving growth will be the strong demand emanating from hometech and mobiltech sectors. Future growth for the market will stem from the advent of new technical textiles, which on the basis of their varying grades of versatility and strength would allow customization of production processes and changes in material concentrations making them more application specific.

As stated by the new market research report on Technical Textiles, Asia-Pacific represents the largest market worldwide. The region is also forecast to register the fastest CAGR of 7.8% over the analysis period. The increasing awareness about technical textiles, rising disposable incomes of people and growing demand for wearable technology are driving growth in the region’s technical textiles market. Rapid developments across key end-use markets of agriculture, automotive, healthcare, defense, protective textiles, and infrastructure development are fostering demand for technical textiles. Robust industrial activity, technology advancements, and favorable government policies are fueling growth, especially in countries such as China and India.

Major players in the market include 3M Company, Agru America Inc., Ahlstrom-Munksjö Oyj, Asahi Kasei Corporation, Belton Industries Inc., Berry Global Group, Borgers SE & Co. KGaA, Delfingen Industry S.A, DowDuPont, DSM Dyneema BV, Elevate Textiles Inc., Fibertex Nonwovens A/S, Freudenberg SE, Global Synthetics Pty. Ltd., Hanes Geo Components, Hindoostan Mills Ltd., Huesker Synthetic GmbH, Johns Manville, Kimberly-Clark Corporation, Lenzing Plastics GmbH & Co KG, Low & Bonar PLC, Milliken & Company, NAUE GmbH & Co. KG, Officine Maccaferri S.p.A., Propex Operating Company LLC, Royal Ten Cate, SGL Carbon, SKAPS Industries, Solmax, SRF Limited, Strata Systems Inc., Techfab India, Teijin Limited, Thrace Group, and TWE Group GmbH, among others.

The research report titled “Technical Textiles – Market Analysis, Trends, and Forecasts” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific) and Rest of World. The global market for Textile Textiles is analyzed by the following applications – Mobile Textiles, Medical Textiles, Industrial Textiles, Sports Textiles, Construction Textiles, Residential Textiles, Clothing Textiles, Agro Textiles and Others.

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Growing Risk of Cardiovascular Disease Amid Surge in Obesity, Diabetes and Hypertension Cases Drives the Global Cholesterol Testing Market

The global market for Cholesterol Screening and Lab Testing Services is projected to reach US$18.8 billion by 2025, driven by rising prevalence of Cardiovascular Diseases amid growing incidence of obesity, diabetes, and hypertension, and ageing population. Cholesterol is a naturally occurring white crystalline lipid that is generally present in human body. Synthesized by the liver, cholesterol plays a crucial role as a vital constituent of cell membranes and is required for the production of steroid hormone and bile acids. Although, cholesterol is vital for proper functioning of the body, excess levels of cholesterol, found mainly as low-density lipoprotein (LDL), pose a health risk. Also known as ‘bad’ cholesterol, LDL is a known risk factor for cardiovascular diseases (CVDs) such as coronary heart disease, rheumatic heart disease, stroke and high blood pressure (hypertension). Given the fatal impact of CVDs, cholesterol screening tests are a compulsion for people deemed to be at risk of these diseases. Different types of tests are carried out to quantify the level of cholesterol such as Complete Lipid Profile / Lipid Panel Test, Apolipoprotein B, and Apolipoprotein A1 among others.

Demand for cholesterol screening and lab testing services continues to increase across the world, primarily stimulated by growing awareness over the importance of cholesterol screening as a measure to reduce fatality and improve diagnosis and treatment of CVD. Pressing need for regular cholesterol testing among people with family history of heart disease, individuals with diabetes and obesity, and aged people, who are regarded to be at the risk of cardiovascular disease, is aiding the demand for cholesterol testing. Further, cholesterol testing market is also benefiting from prevailing macro trends in the global healthcare sector such as increasing healthcare expenditure, wider availability of care/diagnostics services, growing health-consciousness and lenience towards preventive care among urban population. While the number of patients seeking cholesterol screening based on doctor’s recommendation continues to grow substantially, volumes of consumer-initiated tests also saw incremental growth in recent years. Uptrend in cholesterol testing is immensely benefiting the commercial diagnostics centers, hospitals with in-house laboratories, and other entities offering diagnostics services. On the other hand, growing popularity of self-testing home kits, which can be operated by patients themselves to precisely generate cholesterol levels, is niggling the market prospects of full-service diagnostics services providers.

As stated by the new market research report on Cholesterol Testing, United States ranks as the largest market, worldwide. On the other hand, Asia-Pacific represents the fastest growing regional market, trailing at a CAGR of 13.7% over the analysis period. Growing health consciousness, aging population, and awareness of the need for cardiovascular risk assessments along with urbanization drive and rising disposable incomes are fuelling demand for cholesterol screening services in the Asia-Pacific region. The market is also benefiting from focused investments on improving healthcare infrastructure and growing base of at-risk population in China and India.

Key players in the market include Abbott Laboratories, AccuTech LLC, Akers Biosciences Inc., Beckman Coulter Inc., Bio-Rad Laboratories Inc., Eurofins Scientific, Boston Heart Diagnostics Corporation, F. Hoffmann-La Roche Ltd., Home Access Health Corporation, Laboratory Corporation of America® Holdings, PRIMA Lab SA, PTS Diagnostics, Quest Diagnostics Inc., Randox Laboratories Ltd., Sekisui Diagnostics LLC, Siemens Healthineers, and Sigma-Aldrich Corp., among others.

The research report titled “Cholesterol Testing – Market Analysis, Trends, and Forecasts” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections in dollars for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil, and Rest of Latin America), and Rest of World.

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Increasing Efforts to Prevent Nosocomial Infections to Drive the Disposable Medical Gloves Market

The global market for Disposable Medical Gloves is projected to reach US$8.8 billion by 2025, driven by increasing cases of hospital acquired infections, growing awareness, mounting regulatory pressure, and technological advances. Disposable medical gloves have an irreplaceable role in the healthcare environment in preventing spread of nosocomial infections between patients and doctors as well as other healthcare professionals. Despite being largely a commodity, the criticality of medical gloves continues to rise in wake of growing spread of infectious diseases, increasing incidence of hospital-acquired infections, and growing awareness on safety. Aging population; growing awareness of sanitation, hygiene and protection; and evolving regulations on safety are some of the other factors driving growing use of disposable medical gloves in major markets worldwide. Increasing support from research that upholds the efficacy of gloves as compared to other products in combating spread of infections is a key driver of growth as well. Material advancements and product innovations continue to boost functionality of gloves, thereby driving their adoption. These factors ensure brighter prospects ahead for the industry, despite existing challenges such as rising competition, raw material shortage, rising prices, and currency fluctuations.  

Material innovations have played a key role in improving functionality and enhancing their safety. The market is shifting away from natural latex as the material of choice for disposable gloves over the years. Advancements in glove technology and manufacturing techniques are pushing synthetic gloves to the fore, with the development of more comfortable and lighter gloves. Driven by ergonomics, high tensile strength and slippage prevention, nitrile gloves are expected to eat into the market for natural latex gloves over the forecast period. Increasing shift away from powdered medical gloves, strengthened by recent FDA ban on these gloves, is expected to drive demand in favor of powder-free gloves. Powder-free disposable medical gloves, which that have witnessed considerable technological advancements over the years, are today more readily available as replacement for powdered medical gloves.

As stated by the new market research report on Disposable Medical Gloves, the US represents the largest market worldwide for Disposable Medical Gloves. Well-established healthcare infrastructure, standards and regulations, with sizable number of clinics, hospitals and medical institutions drive high demand for disposable medical gloves in the US. However, Asia-Pacific represents the fastest growing market worldwide, with a CAGR of 9.7% through the analysis period, driven by increasing growing affluence, increasing incidence of various diseases and as a result their treatment, rising volume of surgical procedures, improvements in healthcare services, government regulation and rising awareness on safety and prevention.

Major players in the market include Ansell Healthcare Products LLC, B. Braun Melsungen AG, Cardinal Health Inc., Cypress Medical Products LLC, Halyard Health Inc., Hartalega Holdings Bhd, Kossan Rubber Industries BHD, Medline Industries Inc., Molnlycke Health Care AB, Paul Hartmann AG, Rubberex Corporation (M) Berhad, Semperit AG Holding, Shijiazhuang Hongray Group, Supermax Corporation Berhad, Top Glove Corporation Bhd, and Vulkan Medical AS among others.  

The research report titled “Disposable Medical Gloves - Market Analysis, Trends, and Forecasts” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for Disposable Medical Gloves in value terms for all major geographic markets such as United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World. Segments analyzed include Examination Gloves and Surgical Gloves.

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Technology Developments and Expanding Application Areas Drive the Global High Speed Steel Metal Cutting Tools Market

The global market for High speed steel (HSS) Metal Cutting Tools is forecast to reach US$10.2 billion by 2025, driven by stable automotive and aircraft production, niche opportunities emerging from expanding application areas, promising prospects from heavy equipment/machinery manufacturing industry, and technology developments & product enhancements.

High speed steel (HSS), representing one of the established materials for manufacture of high-performance metal cutting tools, continues to attract the cutting tools manufacturers with its top-class attributes of high wear and tear resistance, superior hardness and toughness, best-in-class fracture and fatigue resistance, and high-grade adhesive/abrasive wear toughness. Made using a combination of high-performance specialty steel and toughness and hardness enhancing alloying metals such as vanadium, tungsten, molybdenum and chromium, HSS is widely used in a broad range of cutting tools including drill bits, reamers, taps, gear cutters, milling machines, saw blades and tool bits and also in hot- and cold -work tooling, wear parts, and other machine tools. Market for HSS Cutting Tools has been growing steadily over the years supported by steady demand from automobiles, electronic and electrical appliances, industrial machinery/equipment, aerospace and defense equipment, and construction equipment sectors. The widespread adoption of HSS metal cutting tools is also supported by benefits like reduced defects in the manufactured products, reduced production costs, and shorter lead times.

Advancements in material science, and designing tools for manufacturing HSS cutting tools is resulting in the availability of a broad range of precision engineered HSS tool bits to meet diversified application requirements. Improvements in product features, such as, high tensile strength, anti-corrosive properties, dimensional accuracy, ability to produce excellent finish, are additionally encouraging adoption in the engineering end-use sector. Falling production costs of basic HSS metal cutting tools, as a result of technology and market maturity, is also expected to benefit the market in the coming years.

However, the market is characterized by swifter technological obsolescence that quickly swipes off competitive advantages of companies. Far from being revolutionary, the nature of technology innovation in this market is evolutionary, helping the market and its participants register just incremental growth. In sync with changing technological needs, the HSS market will continue to realign itself to maintain relevancy in the marketplace.

As stated by the new market research report on High Speed Steel (HSS) Metal Cutting Tools, Asia-Pacific represents the largest market worldwide. Asian countries such as China, Taiwan, South Korea, and India are expected to remain some of the most promising regional markets for machine tools, both in terms of consumption as well as production. China, in particular, which has long been a major consumer of machine tools, has also become the leading HSS machine tool producing nation in the world. Asia-Pacific is also the fastest growing region exhibiting a CAGR of 6.9% over the analysis period.

Key players in the market include Addison & Co. Ltd., Aloris Tool Technology Co. Inc., BIG Kaiser Precision Tooling Inc., DeWALT, Greenfield Industries Inc., Guhring Inc., Kennametal Inc., LMT Group, LMT Onsrud LP, LMT Tools USA L.P. , Morse Cutting Tools, Nachi America Inc., Nachi-Fujikoshi Corp., Niagara Cutter LLC, OSG Corporation, OSG Korea Corporation, OSG USA Inc., Raymond Limited, Sandvik Coromant Co., Sandvik Group, Shanghai Machine Tool Works Ltd., Somta Tools (Pty) Ltd., Sutton Tools, Tiangong International Co. Ltd., Tivoly SA, Walter AG, and YG-1 Tool Co. Ltd., among others.

The research report titled “High Speed Steel (HSS) Metal Cutting Tools – Market Analysis, Trends, and Forecasts” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, and other strategic industry activities of global companies. The report provides market estimates and projections in US dollars for major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, South Korea, Taiwan, and Rest of Asia-Pacific), Middle East & Africa (South Africa, and Rest of Middle East & Africa) and Latin America (Brazil, and Rest of Latin America). The report also provides market analytics for the global market by product types – HSS Milling Tools, HSS Drilling Tools, HSS Tapping Tools, HSS Reaming & Counterboring Tools, HSS Gear Cutting Tools, and HSS Broaching Tools.

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Ubiquity of High-Voltage Transmission Lines Crisscrossing Countries Worldwide Sustains the Importance & Indispensability of Power Transformers in Electric Power Distribution

The global market for Power Transformers is projected to exceed US$33 billion by 2025, driven by the ubiquity of high voltage electricity transmission as utilities strive to reduce transmission losses coupled with favorable macro factors such as growing electricity demand, rise of smart grids, and utility spending on upgrading T&D infrastructure.

Transformers are designed to deliver high power to volume and power to weight ratios to lower production and installation costs as well as high voltages to enhance transmission efficiencies. The growing demand for electricity due to increasing global population coupled with rapid urbanization and industrialization in emerging countries continue to keep the power generation industry under immense strain. Driven predominantly by the need to enhance the controllability as well as efficiency of power transmission infrastructure by minimizing transmission losses and effectively co-coordinating the supply of power in order to meet the demand at the right place at the right time, countries globally are upgrading their power transmission infrastructures to smart grid standard. The urgent need to replace and upgrade aging power infrastructure in the developed countries, growing prominence of renewable energy, expansion and interconnection of grid infrastructures, and exponential increase in power consumption in both developed and developing countries requiring efficient management of electricity transmission and distribution represent important factors driving growth in the global power transformers market.

Future growth in the market will be driven by growing prominence of smart cities that require highly capable power transmission networks and the resulting demand for advanced and innovative power transmission systems and solutions. While the main function of transformers will continue to be conversion of voltage to transfer power over large distances, sophisticated technology, innovative materials and superior engineering in modern transformers is capable of resisting earthquakes, vandalism, and geomagnetic phenomena, so as to minimize losses and enable reliable operations. Today’s “plug & play” mobile transformers design reflects the robust characteristics of the transformer and its superior operations in terms of flexible voltage connections; ease of transport and installation; and quick replacement after unplanned or planned power outages. Growing utility interest in digital technologies including IoT-enabled automated monitoring and smart grids, which enable monitoring of transformer parameters such as tank temperature, voltage applied, etc., is also poised to benefit market adoption in the coming years.

Another important growth driver is the steady proliferation of smart transformers driven by the establishment of smart power grids intended to respond to power requirements from load centers. In addition to significant benefits over traditional transformers, including high efficiency, reduced maintenance costs, bidirectional flow of power, high flexibility and higher power quality and efficiency, smart transformers enable diagnostic capabilities that help reduce maintenance costs and failures and improve dynamic transformer overload performance and reliability.

As stated by the new market research report on Power Transformers, Asia-Pacific represents the largest as well as the fastest growing market worldwide with a CAGR of 7.6% over the analysis period. Rapid industrialization; massive utility/power infrastructure investments; expanding population and energy needs; government focus on rural and urban power grid construction; implementation of energy-efficiency standards, and growing demand for Chinese transformers in overseas markets, represent important growth drivers in the region.

Key players in the market include ABB Limited, ASTOR TRANSFORMER A.S, Bemag Transformer, Inc., Bharat Heavy Electricals Limited, Bowers Electricals Ltd., CG Power and Industrial Solutions Limited, Changzhou XD Transformer Co., Ltd., DAIHEN Corporation, Diamond Power Infrastructure Limited, EFACEC Group, GE Grid Solutions, Hammond Power Solutions, Inc., Howard Industries, Inc., Hyosung Heavy Industries, Hyundai Electric & Energy Systems Co., Ltd., Imefy Group, JSHP Transformer, Kirloskar Electric Company Limited, KONČAR Group, Mitsubishi Electric Corporation, Olsun Electrics Corporation, Schneider Electric SA, SGB-SMIT Group, SGB-SMIT Power Matla, Shihlin Electric & Engineering Corporation, Siemens AG, SPX Transformer Solutions, Inc., TBEA Co., Ltd., Toshiba Energy Systems & Solutions Corporation, Wilson Power Solutions, Wilson Transformer Company, and Winder Power Ltd., among others.

The research report titled “Power Transformers - Market Analysis, Trends, and Forecasts” announced by Global Industry Analysts Inc. provides a comprehensive review of the power transformers market, key market trends, current issues and concerns, growth drivers, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections for the global and major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil, and Rest of Latin America), and Rest of World. Key product categories analyzed for the global and major regional markets include 100 MVA - 500 MVA, 501 MVA - 800 MVA, and 801 MVA - 1200 MVA.

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Expanding Opportunities as Absorbent Material in Incontinence & Wound Care Products & as Micro Water Reservoirs for Crops in Agriculture to Spur Growth in the Global Superabsorbent Polymers Market

The global Superabsorbent Polymers market is projected to reach 3.4 million metric tons by 2025, driven by growing applications in hygiene and non-hygiene products, and increasing global focus on bio-degradable SAP.

Superabsorbent polymers (SAPs) are cross-linked acrylic homo-polymers, which possess the capability to absorb as well as retain substantial volumes of water. Superabsorbent polymers also exhibit other unique characteristics such as biocompatibility, hydrophilicity, swelling and de-swelling, and high absorption capabilities. Traditionally superabsorbent polymers have been used primarily in baby diapers, adult incontinence products and feminine hygiene products. Since SAP can efficiently retain moisture in gel form, the material is widely used in hygiene products as a medium of solidification. Driven by its superior absorbency features, the use of superabsorbent polymers is extending to other applications such as agriculture, food packaging, waste disposal, construction materials and flood control, among others.

The global market for superabsorbent polymers is being driven primarily by the material’s increasing use in hygiene products such as baby disposable diapers, adult incontinence products and feminine hygiene products. Increasing awareness about health among consumers in developed and developing economies, a rapidly aging world population and steady increase in infant population are ensuring stable demand for SAP in hygiene products. In the coming years, applications in agriculture and water treatment are likely to stimulate growth in the SAP market. Growing focus of countries on improving efficiency of agricultural operations, increasing use of compact diapers, growing prominence of SAP as a cleansing agent in the water treatment industry and rising use of SAP as soil additive in the agriculture industry are also expected to favor growth in the superabsorbent polymers market. The polymers are also expected to find use in absorbent medical dressings and for controlled release drugs. Growth in the superabsorbent polymers market will also be fueled by the rapid pace of technology advances, which will allow the polymer to be used in an expanding range of applications. Specifically, biodegradable superabsorbent polymers are expected to positively impact future demand for SAP.

As stated by the new market research report on Superabsorbent Polymers, Asia-Pacific represents the largest market worldwide, supported by factors such as growing population, escalating demand for healthcare services and increased consumption of disposable medical absorbent products; rapidly aging population, rise in incontinence and demand for adult diapers; higher fertility rates in comparison to global average and a parallel increase in demand for disposable baby diapers; increasing levels of female education and the resulting rise in demand for feminine hygiene solutions; and growing production of superabsorbent polymers as evidenced by new plant establishments and capacity expansion initiatives. The region is also poised to grow at the fastest CAGR of 9.2% over the analysis period.

Major players in the market include BASF SE, Evonik Industries AG, Formosa Plastics Corporation, LG Chem Ltd., Nippon Shokubai Co. Ltd., Quanzhou Banglida Technology Industry Co. Ltd., Sanyo Chemical Industries Ltd., Shandong Nuoer Biological Technology Co. Ltd., Songwon Industrial Co. Ltd., Sumitomo Seika Chemicals Company Limited, and Yixing Danson Technology, among others.

The research report titled "Superabsorbent Polymers - Market Analysis, Trends, and Forecasts" announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Middle East & Africa and Latin America (Brazil and Rest of Latin America). The market is analyzed by the following End-Use Segments - Disposable Diapers, Adult Incontinence Pads, Feminine Hygiene Products and Others.

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Aging Population & a Parallel Increase in Incontinence & Chronic Kidney Disease Drive the Global Urological Catheters Market

The global market for Urological Catheters is forecast to reach 703.9 million units, worth US$3.9 billion by 2025, driven by aging population and rising incidence of urinary incontinence and chronic kidney disease (CKD).  Innovative technologies, products, and procedures are continuously fueling growth in the market.

Urological Catheters market, comprising urinary catheters and dialysis catheters, is a growing market, backed by rising incidence of urinary incontinence and Chronic Kidney Disease (CKD), a major contributor to the growing dialysis market.  As a technology-driven industry, innovative technologies, products, and procedures, are constantly fueling the growth of the Urological Catheters market. The U.S. and Europe represent the largest regional markets globally. Though developed countries with high healthcare standards dominate the overall urological catheters market, developing countries in Asia, Eastern Europe, and Latin America are boosting demand for low-priced catheters. Asia-Pacific constitutes the fastest growing regional market, rising with a CAGR of 8.0% in volume terms over the analysis period 2017-2025.

The dialysis catheters market is expected to grow steadily, influenced by a number of factors, including rising incidence of Chronic Kidney Disease (CKD), growing aging population, technological advancements, and growing demand for dialysis catheters with anti-microbial coatings. In the Dialysis market, the market is exhibiting increasing popularity of home-based hemodialysis. Hemodialysis Catheter represents the largest segment, while Peritoneal dialysis Catheter is set to emerge as the fastest growing segment.

As stated by the new market research report on Urological Catheters, Urinary Catheters is the largest segment, followed by dialysis catheters. The market for urinary catheters is driven by growing aging population, and rising prevalence and increasing awareness of urological diseases, such as urinary incontinence. In addition, increasing incidence of prostate and other urology-related cancer is expected to boost the demand for urinary catheters. Technological advancements in terms of improved materials are also driving market growth. Growing popularity of home-based healthcare services, and increasing adoption of male external catheter solutions among active athletes are the other growth drivers. Intermittent catheters lead the urinary catheters market. Intermittent catheters segment is witnessing rapid growth owing to the minimally-invasive nature of the catheter, coupled with favorable reimbursement scenario. Besides, the low chances of acquiring CAUTI (Catheter Acquired Urinary Tract Infection), which constitutes a major form of hospital acquired infection, is also driving the demand for intermittent catheters.

Key players in the market include AngioDynamics Inc., B. Braun Melsungen AG, Boston Scientific Corp., C R Bard Inc., Coloplast Group, ConvaTec Group Plc, Cook Medical Inc., Fresenius Medical Care AG & Co. KGaA, Hollister Inc., Medline Industries Inc., Medtronic Plc., Teleflex Inc., and Wellspect HealthCare, among others.

The research report titled “Urological Catheters - Market Analysis, Trends, and Forecasts” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies.. Major geographic regions covered include the United States, Canada, Japan, Europe (comprising France, Germany, Italy, the United Kingdom, Spain, Russia, and Rest of Europe markets), Asia-Pacific (comprising China and Rest of Asia-Pacific markets), The Middle East, and Latin America. Key segments analyzed include Dialysis Catheters (Hemodialysis Catheters and Peritoneal Catheters) and Urinary Catheters (Foley Catheters, Intermittent Catheters, and External/Condom Catheters).

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Population Growth & the Need for a More Structured Infrastructure to Handle Energy, Heating/Cooling, Water & Wastewater Needs to Drive Demand for Pipes & Pipe/Hose Fittings

The global market for Pipes and Pipe/Hose Fittings is projected to reach US$352.4 billion by 2024, driven by growing population and the ensuing expansion and upgrades of underground piped networks for transporting oil & gas, water, and wastewater, among others.

Pipes, used commonly in potable water distribution, storm sewers, and surface water drainage are indispensable to the infrastructure of a nation. Buoyed by expanding population and the subsequent rise in demand for potable water and drainage systems, market for pipes and fittings is set to rise over the analysis period. Demand is expected to increase further by the increasing distance between consumers and sources of potable water leading to the need for additional pipeline infrastructure for transmission and distribution. The trend is expected to be additionally supported by increasing migration of population to newer regions entailing the need for new infrastructure. The scenario is expected to promote demand for pipes, employed in public infrastructure applications including sewage and storm drain projects. Meanwhile, the need to redevelop and restore the ageing public sewer system will also offer opportunities for the pipe industry.

Nonetheless, given the sensitivity of end-use sectors such as oil & gas industry along with construction and building sectors, market for pipes and pipe/hose fittings is highly variable and closely mirrors the trends in GDP, energy prices and consumer spending levels. As the world economy expands, demand for energy is only expected to rise to address the growing industrial activity. Fossil fuels including coal, oil and natural gas form the dominant form of energy accounting for about 85% of the global energy requirements.  Demand for steel pipes is expected to improve in the mid-long term led by the stabilization in oil prices and resultant resurgence in oil & natural gas exploration, drilling and production activities. Demand for high-end seamless pipes is forecast to grow strongly due to the surge in unconventional drilling procedures such as horizontal drilling.

The market is expected to benefit from the development of lead-free pipes as a result of the growing pressure to adopt environment friendly products. The renewed interest in the urban development activities such as construction works spanning across industrial as well as residential and commercial sectors is expected to heighten demand for plastic pipes in coming years. Increasing demand for plastic pipes would be propelled by resin improvements that improve efficiency of pipe in challenging environments. In addition, improvement in processing would facilitate plastic pipe to become cost efficient in comparison to other materials.

Construction activity in countries such as India and China is driven by rising GDP, growing population, increasing disposable income, expanding base of middle class population, availability of capital and natural resources, and rapid urbanization. Growth in infrastructure construction is supported by the government focus on providing connectivity and public distribution networks such as communications, power, water and sewage.

As stated by the new market research report on Pipes and Pipe/Hose Fittings, Asia-Pacific represents the largest and the fastest growing market at a CAGR of 6.0% over the analysis period. Growth in the region is led by improvement in residential projects, development of public private sector partnerships in mega infrastructure projects and investments in transport and tourism infrastructure. Other major demand drivers include planned laying of natural gas distribution pipelines in several countries as well as advances in drainage and sewage systems and drinking water transfer systems.

Major players in the market include Advanced Drainage Systems Inc., Aliaxis SA, Amanco, AMERICAN Cast Iron Pipe Company, Arcelor Mittal, Chevron Phillips Chemical Company LLC, China Lesso Group Holdings Ltd., Eaton Hydraulics Group, Europipe GmbH, EVRAZ North America, Forterra, Inc., Georg Fischer Ltd., GF Piping Systems Ltd., Hancor Inc., Ipex Inc., JM Eagle™, Mexichem S.A.B. de C.V., NAPCO, Nibco Inc., Nippon Steel & Sumitomo Metal Corporation, PAO TMK, Performance Pipe, Pipelife International GmbH, Techint Group, Tenaris SA, Tessenderlo Group, Tigre SA, United States Steel Corporation, Uponor Corp., and Wavin Holding B.V., among others.

The research report titled “Pipes and Pipe/Hose Fittings - Market Analysis, Trends, and Forecasts” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, and strategic industry activities. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, South Korea, and Rest of Asia-Pacific), Middle East/Africa, and Latin America (Brazil and Rest of Latin America). Segments analyzed include Pipes (Concrete, Polyethylene, PVC, Steel and Other Pipes) and Pipe and Hose Fittings (Metal Flanges and Unions, Hydraulic Couplings and Other Fittings).

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