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Thursday, November 21, 2019

Automotive Adhesives Market to Significant Growth Foreseen by 2017 - 2023

Adhesives are lightweight components used to bind composites and lightweight materials. The use of adhesives in automotive manufacturing processes offers the designer additional possibilities to exploit new, innovative design and manufacturing concepts. Adhesives are particularly popular for lightweight constructions, where thin-walled parts are joint. In addition, adhesive bonding allows combining different types of materials such as aluminum with other metals, plastics, and composites, which otherwise are not reliably joint or would require additional measures to avoid galvanic corrosion effects.

The Global Automotive Adhesives Market was valued at $3,771 million in 2016, and is projected to reach $5,459 million by 2023, growing at a CAGR of 5.4% from 2017 to 2023. The polyurethane resin type segment accounted for one-third of the total maximum share in 2016.

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In 2016, Asia-Pacific accounted for nearly half of the total automotive adhesives market, and is expected to continue this trend, owing to rapid growth of automotive industry, specifically in China, India, Japan, and other developing countries.

The major company profile Are:

Henkel & Co. KGaA
Bostik S.A.
3M Company
The DOW Chemical Company
Sika AG
H.B. Fuller
PPG Industries
Illinois Tool Works Corporation
Jowat AG
Solvay S.A.

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Presently, the global automotive adhesives market is witnessing significant growth, owing to increase in demand for lightweight and low carbon emitting vehicles. Moreover, rise in use of aluminum in automobile manufacturing to reduce the weight of automobiles fuels the adoption of automobile adhesives. In addition, increase in use of plastics and composite materials in the process to manufacture smart vehicles based on sustainable adhesives in developing economies is another factor that boosts the market growth. High economic growth rate and the increase in demand from end-use industry is further supplement the growth of the market.

The polyurethane resin type segment accounted for one-third of the total market share, in terms of volume, in 2016. Moreover, this segment witnesses strong demand in countries such as Brazil, China, and Japan, owing to its superior properties such as bonding on different surfaces, UV & heat stability, rapid curing, superior chemical resistance, and enhanced optical clarity. Furthermore, these adhesives are increasingly utilized for the repair and maintenance work in automobiles. In addition, these are majorly used where there is requirement for higher efficiency at low operating costs.

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Key Findings of the Automotive Adhesives Market:

In terms of value, the epoxy resin type segment is anticipated to exhibit the growth rate of 5.4% during the analysis period.
Asia-Pacific is projected to lead the market in 2023, and is estimated to grow with a CAGR of 5.6%, in terms of value.
The light commercial vehicle segment occupied nearly one-fifth of the total market in 2016.
China occupied nearly half of the total Asia-Pacific automotive adhesives market in 2016.
In terms of value, Italy is expected to grow at a CAGR of 5.9% from 2017 to 2023.

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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Cancer Immunotherapy Market Highly Favorable To The Growth Rate By 2022

Cancer immunotherapy, also known as biologic therapy, helps in cancer treatment by boosting the immunity of the body to fight against cancer. In this type of therapy antibodies and live viruses are introduced in the body that slows the growth of cancer cells. In addition, it also helps the immune system destroy the cancer cells. The major factors that drive the growth of this market include increase in incidence of cancers, growth in geriatric population, and rise in cancer R&D. However, shortage of skilled labor and lack of awareness about cancer immunotherapy is projected to restrain the market growth during the forecast period.

The Global Cancer Immunotherapy Market was valued at $45,471 million in 2015, and is projected to reach $117,114 million by 2022, growing at a CAGR of 14.5% from 2016 to 2022. The monoclonal antibodies segment held two-third share of the total market in 2015.

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The major players profiled Are:

Amgen Inc.
Advaxis Inc.
Merck & Co., Inc.
Eli Lilly and Company
Bristol-Myers Squibb Company
Pfizer Inc.
Novartis AG
Bayer AG
Immunomedics Inc.
Astrazeneca plc.

The cancer immunotherapy market in this report is studied on the basis of technology, application, end-user, and region. Based on technology, the market is divided into monoclonal antibodies, cytokines & immunomodulators, and other technologies. Monoclonal antibodies held the largest share in 2015 owing to high usage of monoclonal antibodies for cancer immunotherapy as they exhibit different immunomodulatory properties and hence they can directly activate or inhibit the molecules of immune system. In addition, monoclonal antibodies also induce the antitumor immune response.

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By application, the cancer immunotherapy market is segmented as lung cancer, breast cancer, colorectal cancer, melanoma, prostate cancer, head & neck cancer, and other applications. The lung cancer market held the largest share in 2015 and is expected to lead the market during the analysis period owing to high incidence of lung cancer. Hospitals in end users held the largest market share of cancer immunotherapy market in 2015, and is projected to show the highest growth rate during the analysis period due to the extensive use of cancer immunotherapy in the hospitals.

Geographically, the global cancer immunotherapy market is analyzed by four regions, namely, North America, Europe, Asia-Pacific, and LAMEA. North America was the highest revenue contributor in 2015. This is attributed to the ample amount of expenditure in healthcare, well-established healthcare system, and high incidence of cancer. However, Asia-Pacific region is projected to be grow with the highest CAGR during the analysis period, owing to rise in healthcare expenditure, increase in per capita income, and improvement in healthcare infrastructure.

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Key Findings of the Cancer Immunotherapy Market:

The monoclonal antibody accounted for the largest market share for technology segment in 2015 and is also estimated to grow at the highest CAGR of 15.0%.
By application, lung cancer held the highest market share and is anticipated to lead the market during the analysis period.
The U.S. was the major shareholder in the North American cancer immunotherapy market, accounting for six-seventh share in 2015.
China is expected to show the highest growth rate during the analysis period for the Asia-Pacific cancer immunotherapy market.

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Neurovascular Devices Market Overview, Size & Share, Future Evolution & Forecast 2023

Neurovascular devices are used for the treatment of neurovascular disorders such as cerebral aneurysm. Increase in geriatric population and rise in number of patients suffering from neurovascular disorders are expected to drive the market growth. Moreover, surge in adoption of new minimally invasive devices such as flow diversion and carotid artery stents boosts the market growth. However, high cost of the devices and dearth of neurosurgeons are expected to impede the market growth.

The Global Neurovascular Devices Market was valued at $2,371 million in 2016, and is projected to reach $3,409 million by 2023, growing at a CAGR of 5.3% from 2017 to 2023. The embolization devices segment held more than two-fifths share of the total market in 2016.

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Asia-Pacific is projected to grow at the highest CAGR of 5.9% during the forecast period owing to improvement in healthcare infrastructures and rise in expenditures in emerging markets (such as India and China) to cater to the unmet medical needs. Technological advancements to develop cost-effective devices in these nations offer a lucrative opportunity for the market growth.

The major company profile Are:

Stryker Corporation
Medtronic Plc.
Johnson & Johnson
Terumo Corporation
Penumbra, Inc.
Integer Holdings Corporation
Microport Scientific Corporation
Merit Medical Systems, Inc.
W.L. Gore & Associates
Acandis GmbH & Co. KG.

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Embolization devices segment is expected to dominate the market throughout the analysis period, owing to increase in the incidence of neurovascular disorders, such as arteriovenous malformations (AVMs), carotid artery disease, and intracranial atherosclerotic disease. On the other hand, revascularization devices segment is expected to grow at the highest CAGR of 8.5% during the forecast period.

Key Findings of the Neurovascular Devices Market:

Revascularization devices segment is projected to grow at a CAGR of 8.5% during the forecast period.
Aneurysm contributed for nearly three-fifths share of the global neurovascular devices market in 2016.
Ischemic stroke segment is expected to register the highest CAGR of 5.7% during the analysis period.
France and Germany jointly contributed for more than one-third share of the European neurovascular devices market in 2016.
Japan is the major shareholder, accounting for more than one-third share of the Asia-Pacific neurovascular devices market in 2016.

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Wednesday, November 20, 2019

Xanthan Gum Market Share Economic Impact on Revenue By 2023

Xanthan gum is an epoxy polysaccharide, which belong to hydrocolloid family and is used as a valuable substance in food additive. It has the ability to absorb more water that its own weight and has the capability to form a gel. It is widely used as a stabilizing agent, thickening agent, fat replacer, suspending agent, and bodying agent in a wide variety of food and industrial applications. It is one of the most adaptable elastic thickener, which performs well even when used in small quantities. It owns several extraordinary and useful properties, such as change in viscosity at fluctuating temperatures, high viscosity at low concentrations, and excellent stability over a wide pH range.

The Xanthan Gum Market was valued at $722 million in 2016, and is estimated to reach $1,076 million by 2023, registering a CAGR of 5.9% from 2017 to 2023. In 2016, the food & beverages application segment accounted for more than two-thirds share of the total market.

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In 2016, Asia-Pacific dominated the global market, owing to the increase in processed foods production and developments in oil & gas production in China and India. Furthermore, supporting government policies and foreign investments in oil & gas sector in the region are anticipated to boost the market for xanthan gum in the foreseeable future. North America is the second leading region, which is expected to register a CAGR of 5.8% in terms of revenue.

The key company profiled Are:

Fufeng Group Company Ltd.
Cp Kelco
Cargill, Inc.
Solvay S.A.
E. I. Du Pont De Nemours and Company
FMC BioPolymer
MeiHua Holdings Group Co., Ltd.
Archer Daniels Midland Company
Ingredion Incorporated
Zoranoc Oilfield Chemical.

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The factors that drive the global market are multi-functionality of xanthan gum, which resulted in varied application of xanthan gum, such as food & beverages, oil & gas, personal care & cosmetics, pharmaceuticals, and others. In food & beverages, xanthan gum is used to add texture, unique appearance, flavour release, viscosity, and to enhance water-control properties. However, high cost of xanthan gum and availability of relatively cheap substitutes and anti-dumping policies on xanthan gum hamper the market growth.

Food & beverages is the leading application segment, where xanthan gum is used in wide range food products, such as sauces & dressings, meat & poultry products, bakery products, confectionery products, beverages, dairy products, others. It offers excellent water-binding stability, storage stability, and aesthetic appeal in food processing when used in small concentrations.

The thickening agent segment dominated the global market, with more than one-third of the total market share in 2016. It is widely used as a thickening agent in broad range of application, owing to its property of high viscosity at low concentration. The thickening of any liquid with xanthan gum is easily achieved by simply blending it into required liquid. The product thickened using xanthan gum maintains its shape at the resting state and blends properly when stirred briefly.

Key Findings of the Xanthan Gum Market:

In 2016, Asia-Pacific dominated the global market, with more than one-third share, in terms of both revenue and volume.
In 2016, China dominated the Asia-Pacific xanthan gum market, with around half of the share, in terms of both revenue and volume.
The food & beverages segment is estimated to register the highest growth rate, in terms of revenue, registering a CAGR of 6.2% from 2017 to 2023.
The thickening function segment is estimated to register a highest growth rate, in terms of revenue, registering a CAGR of 6.3% from 2017 to 2023.
In 2016, Cp Kelco, Cargill Inc., and Fufeng Group Company Ltd. are the leading players in global xanthan gum market.

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Tuesday, November 19, 2019

Medical Grade Silicone Market to Perceive Substantial Growth During 2019 - 2026

The global medical grade silicone market is driven by increase in use in defibrillators, heart pumps, and surgical reconstructive components, owing to their biocompatibility and hydrophobicity properties. Prosthetics and orthopedics devices are produced by using silicone owing to its light weight and appearance. In addition, increased prevalence of osteoporosis is expected to fuel the demand for prosthetics and orthopedics devices, which in turn is expected to boost the market growth.

Medical grade silicone is used for medical application that is tested for biocompatibility. Medical grade silicones are commonly segmented into three categories that include non-implantable, short term implantable, and long-term implantable. These are used in tubes, dental retainers, implants for long & short term use, respiratory masks, non-stick containers, menstrual cups, syringe pistons, seal & gasket, gel sheets for scar therapy, and others.

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Furthermore, the surge in demand for disposable devices has led to increase in demand for medical grade silicone. Liquid rubber silicone, is used in sealing membranes, electric connectors, seals, and infants care products such as bottle nipples besides several other medical application. Change in lifestyles and changing concepts of beauty resulting in the rising incidence of cosmetic and plant surgeries are considered to be significant drivers of the global medical grade silicone market. Medical grade silicone. Modern fast pace life has changed the food habits and has led to increase in cardiovascular disease is expected to increase the growth of the global medical grade silicone market. Growing demand for low-cost healthcare facilities in emerging economies such as China, India, Singapore, and Malaysia along with the increase in disposable incomes of the people in these countries are expected to surge the growth of medical grade silicone in Asia Pacific.Moreover, the significant rise in the medical tourism industry in Brazil, Costa Rica, and Mexico is expected to increase demand in the Americas region over the upcoming years.

However, growth of the global medical grade silicone market is restrained by the fluctuating raw material prices. In addition, stringent and time-consuming regulatory policies are expected to hamper the medical grade silicone market growth. Furthermore, the rising demand for Thermoplastic elastomers (TPE) in the healthcare industry is likely to restrict the growth of the silicone elastomers and is expected to hamper the growth of market. Nonetheless, advancements and R&D initiatives in medical grade silicone materials are anticipated to provide healthy growth opportunities to the global medical grade silicone market during the forecast period.

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The medical grade silicone market is segmented into type, application, and region. Based on type, the medical grade silicone market is divided into gels, medical adhesives, medical coatings, and elastomers. Based on application, it is categorized into prosthetics & orthopedic, medical devices, medical tapes, and contact lenses. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The Major key players Are:

3M, Dow, Albright Technologies, Primasil Silicones Ltd., Flexan, LLC., Elkem Silicones, Point Medical Corporation, Silicone Altimex, Vesta Inc., Shin-Etsu Chemical Co., Ltd., and others.

Key Benefits for Medical Grade Silicone Market:

Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
It outlines the current trends and future scenario of the medical grade silicone market size from 2018 to 2025 to understand the prevailing opportunities and potential investment pockets.
Major countries in the region have been mapped according to their individual revenue contribution in the medical grade silicone market analysis at the regional and country-level market.
The key drivers, restraints, and opportunities and their detailed impact analyses are elucidated in the study.
The profiles of key players along with their contribution in growth are enlisted in the report.

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Recovered Carbon Black (rCB) Market Insights By Size, Status And Forecast 2026

Recovered carbon black (rCB) is an eco-friendly substance that is extracted from the disposed tires during recycling. Recovered carbon black is majorly derived by pyrolysis from scrap tires, which is free of fabric, and contains non-carbonaceous materials of up to 10-20% by weight. For tire and carbon black industries, recovered carbon black offers a cost-effective measure, as it significantly reduces CO2 and greenhouse gas emissions as compared to virgin carbon black production. Reinforcing properties of rCB depends on its post-treatment method. Recovered carbon black is used in many non-tire rubber products such as rubber roofing, gaskets, seals, hoses, rubber sheets, geo-membranes, and conveyor belts.

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The growth of the recovered carbon black market is driven by expansion of the rubber industry and rise in need for eco-friendly products. Moreover, low price of recovered carbon black, surge in demand for environmentally friendly & sustainable fillers in tire & non-tire application, and abundant availability of recyclable tires are the major driving factors of the global recovered carbon black market. Furthermore, increase in use sustainable products in various applications, such as coatings, inks, plastics, and non-tire rubber is expected to boost the Market growth.

However, complicated development process makes it difficult for manufacturers to attain expertise in the field and provide consistent supply to consumers; this factor is expected to restrict the growth of the Market. In addition, high costs associated with continuous research & development along with large-term capital investment to establish a sustainable production process is likely to hamper the recovered carbon black market growth However, providing consistent quality of rCB and less awareness of using rCB as an alternative to virgin carbon black is anticipated to restrain the growth of the market. On the contrary, rise in need for green alternatives & to reduce carbon footprints and surge in demand for tire & rubber products are expected to offer remunerative opportunities for recovered carbon black market expansion.

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The global recovered carbon black market is segmented into type, application, end-use industry, and region. Depending on type, the market is classified into primary carbon black and inorganic ash. The applications covered in the study include plastics, tire, inks, coatings, non-tire rubber, and others. By end-use industry, the market is fragmented into transportation, building & construction, printing, packaging, and others.

Region-wise, the global recovered carbon black market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Growth of automotive & industrial rubber industries, sustainable production activities in Asia-Pacific, and Environmental Protection Agency’s regulations on hazardous chemicals released from carbon black manufacturing facilities have boosted the demand for recovered carbon black in this region.

The Major key players Are:

Pyrolyx AG, SR2O Holdings, Alpha Carbone, Scandinavian Enviro Systems AB, DVA Renewable Energy JSC., Integrated Resource Recovery, Delta-Energy Group, Bolder Industries, Radhe Group of Energy, and Black Bear Carbon B.V.

Key Benefits for Recovered Carbon Black Market:

Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
It outlines the current trends and future scenario of the recovered carbon black market size from 2018 to 2025 to understand the prevailing opportunities and potential investment pockets.
Major countries in the region have been mapped according to their individual revenue contribution in the recovered carbon black market analysis at the regional and country-level market.
The key drivers, restraints, and opportunities and their detailed impact analyses are elucidated in the study.
The profiles of key players along with their contribution in market growth are enlisted in the report.

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Monday, November 18, 2019

Automotive OEM Coatings Market Size will Observe Substantial Growth by 2022

Automotive coatings enhance the overall durability and appearance of a vehicle and also safeguard it from UV radiation, extreme temperature, and foreign particles such as dust and soot. Increase in preference of consumers towards high-quality automotive coatings is a key factor driving the market. These are used to coat the surfaces of automobiles and exemplify the futuristic technologies, which are capable of manufacturing durable surfaces, maximizing overall efficiency while meeting environmental norms.

The Global Automotive OEM Coatings Market was valued at $6,426 million in 2015, and is expected to reach $9,379 million by 2022, growing at a CAGR of 5.6% from 2016 to 2022. The solvent-borne segment held nearly half of the total market in 2015.

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In 2015, Asia-Pacific and LAMEA collectively accounted for around two-fifths of the total market, in terms of volume, and are expected to continue this trend, owing to increase in urbanization, specifically in China, India, Brazil, and other developing countries. Moreover, rise in urban population with increased per capita disposable income and growth in overall consumer spending are the major aspects that boost the growth of the automotive OEM coatings market in the Asia-Pacific region.

The major company profiled Are:

Axalta Coating Systems
BASF SE
PPG Industries
Nippon Paint
Kansai Paint
AkzoNobel
Sherwin-Williams Company
KCC Paint
Bayer AG
Arkema SA.

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The global automotive OEM coatings market witness vivid opportunities, owing to rise in demand for recreational vehicles among youngsters, growth in population and rise in income levels. Moreover, growth of the overall automotive industry globally and rise in demand for high-quality paints and coatings in automobiles is further anticipated to boost the overall growth. In addition, rise in consumption of powder coatings, owing to its superior characteristic properties, such as low emissions of volatile compounds and relatively thicker layer as compared to traditional automotive coatings, is anticipated to bring impetus in the global market. However, volatile prices of raw materials coupled with strict governmental norms on the use of toxic automotive OEM coatings are some key factors anticipated to hinder the overall growth.

Automotive OEM coatings is expected to register the highest growth in passenger cars, owing to rise in per capita disposable incomes and growth in consumer preference towards new models with low emissions and high fuel efficiency. Furthermore, rapid urbanization and upsurge in personal mobility needs are expected to boost the market growth. Automotive OEM coatings possesses advantages such as higher reliability, longer equipment life cycle, maintenance cost reduction, and low on toxic emissions.

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The basecoat layer segment accounted around three-fourths share, in terms of volume, in 2015. In response to the perennial modifications in the automotive industry, efficient paints and coatings solutions are in demand globally. Thus, increase in requirement of high-tech automotive OEM coatings solutions and rise in adoption of new vehicles fuel the demand for automotive OEM coatings globally.

Key Findings of the Automotive OEM Coatings Market:

The electrocoat segment is anticipated to grow at the highest CAGR of 5.9% during the analysis period.
Asia-Pacific is projected to maintain its lead position from 2016 to 2022 and will grow at a CAGR of 4.7%, in terms of volume.
Passenger cars segment occupied around half of the total market in 2015.
China occupied around one-third of the total Asia-Pacific market in 2015.
In terms of value, India is expected to grow at the highest CAGR of 6.7% from 2016 to 2022.

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