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Aerogel Market by Raw Material (Silica, Alumina, and Carbon), By Form (Blanket, Panel, Block, and Others), By Application (Building Insulation, Oil & Gas, Apparel, Others) – Market Trends and Global Forecast up to 2023

The total aerogel market is valued at $ 800 million as on 2017 and is likely to reach $ 3,125 million by the end of 2023, growing at a CAGR of 25%. In the coming years, aerogel market is expected to grow bolstered by growth in the end-user industries such as oil & gas, automobile, and marine & aerospace. High insulation properties of aerogel and cheap & abundant availability of the raw material are some of the factors driving the use of aerogel in these end-use industries. Easy installations of aerogel in insulation application, followed by reusable and recyclable properties of aerogel further add value to its end-market. However, high production cost still remains a major challenge for the aerogel industry. Based on the raw material, aerogel market is segmented into carbon, alumina and others. In 2017, Aerogel market was dominated by silica aerogel, which is used in all major applications, such as oil & gas, building insulation, automotive, aerospace, electronics, and others. Silica aerogel accounted for more than three fourth of market share in the aerogel industry, in 2017. However, the demand of carbon aerogel is expected to register the highest growth due to growing application of carbon aerogel in electronics, semiconductor and super capacitors applications. [<<img 1.png>>] Oil & gas segment is the largest application of aerogel in 2017, followed by building insulation. Rising demand of advanced insulation materials in the oil & gas application is fueling the growth of the aerogel market globally. Industry players are adopting various strategies such as new product launch, partnership, and expansion to increase their presence in the competitive market. Some of the major companies active in the industry include Aspen Aerogel Inc., Cabot Corporation, American Aerogel Corporation, Svenska Aerogel AB, BASF SE, Dow Corning Corporation, Airglass AB, JIOS Aerogel, Active Aerogels, and Acoustiblok UK Ltd. Strong technological set-up has made North America the largest market for aerogel followed by China. Aerogel finds high application in space suits developed by National Aeronautics and Space Administration (NASA) in the United States. Countries like Brazil, Germany, and UK are few other markets for aerogel. Asia-Pacific and Europe is expected to register high growth due to their increasing research activities in innovation and new application areas. ...

 2/23/2018 |  Chemicals & Materials


Industrial Robotics Market, By Type (Articulate, SCARA, Cartesian, Cylindrical, Parallel, Collaborative Robots), Industry (Electrical and Electronics, Plastics, Rubber, and Chemicals, Metals and Machinery, Food and Beverage, Precision and Optics, Pharmaceutical) - Global Market Trends & Industry Forecasts Upto 2025

The global industrial robotics market was valued at $ 13.5 billion in 2016 and is expected to reach grow at a CAGR of 10% through 2023. However, the market for robotic systems including the cost of software, peripherals and systems engineering accounted for $ 40.5 billion in 2016. The industrial robotics market is segmented on the basis of type includes traditional industrial robots and collaborative robots. The market for traditional industrial robots, excluding the cost of peripherals, software, and system engineering, was valued at $ 13.3 billion in 2016 and the market for collaborative robots accounted for $ 200 million. Higher return on investment (RoI) than that of traditional industrial robots and low price of collaborative robots have been attracting small and medium-sized enterprises to opt for collaborative robots. However, the adoption of automation to ensure quality production and meet the market demand has driving the market for traditional industrial robotics, especially in electrical and electronics, and automotive industries. However, high overall installation cost for low volume production applications is the major restraint for the market growth. Manufacturing of advanced robotic systems that meet the requirement of consumers in the era of industrial Internet of Things (IIoT) has been the major challenge being faced by the industry. Automotive industry is the major market, accounting for about 35% of the global industrial robots market in 2017. This market is driven by the considerable investments in robotics for new production capacities in the emerging markets and also significant investments in modernization of production facilities in major automotive producing countries. However, demand for industrial robots was boosted by the significant demand from electrical and electronics industry attributed to the need to automate production facilities of electronics products in Asian countries to meet the increasing need for batteries, chips and displays. The market for industrial robotics has been dominated by the Asia-Pacific region, followed by Europe and North America. Asia-Pacific accounted for two-third of the worldwide market for industrial robotics in 2017 and is expected to continue to be the major market through 2023. In terms of countries, five countries, including China, the Republic of Korea, Japan, the United States, and Germany accounted for three-fourth of the worldwide industrial robotics market in 2017. The companies are strengthening their market presence by opening new service and repair centers and also by acquiring service providers and widen presence as well as their product portfolio. In November 2017, Universal Robots opened a new repair center to cover North and South America with repair services and enable overnight delivery of spare parts in North America. Epson Robots is expected to showcase T3 All-in-One SCARA robot, “the Flexion N2 6-Axis robot” and demonstrate innovative and highly efficient robotics solutions for the factory automation industry at ATX Wes, 2018. In January 2018, HIT Robot Group (China) formed a joint venture with Golden Jumping Group (South Korea) to expand both companies’ businesses in each other’s countries. These also planned to cooperate with local governments and research and educational institutes of both countries. Some of the major companies dominating the industrial robotics market include KUKA AG (Germany), ABB Ltd. (Switzerland), FANUC Corporation (Japan), Mitsubishi Electric Corp. (Japan), Kawasaki Heavy Industries Ltd. (Japan), Yaskawa Electric Corporation (Japan), Universal Robots A/S (Denmark), Rethink Robotics (US), and Comau S.p.A (Italy). ...

 2/23/2018 |  Semiconductors


Hyaluronic Acid Market by Type (Osteoarthritis, Derma Fillers, Ophthalmic, Vesicoureteral)-Global Market Trends & Forecasts Upto 2023 

The total hyaluronic acid market is anticipated to grow at a CAGR of 7.3% from 2017-2023 and is projected to reach $ 14 billion by 2023. Hyaluronic acid finds it usage in treating joint pains, osteoarthritis, and certain cosmetic surgeries. Globally, the market is expected to be highly driven by the rising demand for hyaluronic acid in medical as well as beauty and cosmetic industries. Increasing incidence of ulcers, growing geriatric population, and rising obesity that results in a number of cases of joint pain and osteoarthritis are the major factors that contribute towards the market growth. Huge R&D in technology towards better health services is anticipated to boost the demand for hyaluronic acid during the forecast period. In terms of product type, in Osteoarthritis, the five injection therapy accounted for the largest market share in 2017. The five injection course consists of five consecutive weeks and is highly recommended by doctors. By the end of the treatment cycle, the patient or the consumer starts experiencing the effect of the hyaluronic acid therapy. The segment accounted for more than 40% of the global market in 2017, owing to its popularity among both doctors and consumers. Single and three injection cycle account for a lesser market share as these injections are much costlier than five injections and are not very affordable for consumers. However, the single injection therapy is gaining popularity and is expected to witness the highest growth rate in future, due to the preference of consumers for short term treatment, along with it being quite convenient for them. Dermal fillers was observed as the largest market segment in 2017. The increasing desire of the consumer to maintain their beauty and looks drives the market for the dermal filler segment. Hyaluronic acid injections are used to improve the skin's contour and reduce depressions in the skin caused by scars, injury, or lines. Coupled with the rising trend of cosmetic surgery all the other factors contribute heavily to the market growth of dermal fillers and hyaluronic acid as a whole. In terms of region, North America was the largest market for hyaluronic acid followed by Europe. Some of the major players such as Anika Therapeutics, Sanofi Genzyme, Salix Pharmaceuticals, etc., in North America and their highly competing strategies to provide the consumer with cost-effective products makes North America one of the most favoured markets for hyaluronic acid. The awareness of such treatment makes this region a favourable market for hyaluronic acid than the Asia-Pacific market. Recently, a new trend of usage of combination products and the pipelines of major manufacturers in the hyaluronic acid products market having a combo of corticosteroid and hyaluronic acid-based injections has been observed. This innovative combination provides a pain relieving effect of corticosteroids with the long-lasting influence of hyaluronic acids. Major companies are engaged in extensive R&D to develop innovative and effective products. In 2016, Bioventus, an orthobiologic solutions provider, entered into a multi-year agreement with Institut Biochimique SA (IBSA) from Switzerland, to secure the U.S. distribution rights for GELSYN-3 (a three-injection, hyaluronic acid product for pain relief related to osteoarthritis (OA) of the knee). In January 2018, Anika Therapeutics expanded its collaboration with the Institute for Applied Life Sciences (IALS) at the University of Massachusetts Amherst to develop an innovative therapy for rheumatoid arthritis. Some of the major players that operate in the industry are Sanofi Genzyme, Salix Pharmaceuticals, Shiseido, Ferring B.V., Lifecore Bio-Medical, LLC, LG Life Sciences, Allergan, Galderma and Seikagaku Corporation, & others....

 2/22/2018 |  Chemicals & Materials


Polymethyl Methacrylate (PMMA) Market by Product Type (Extruded, Cast Acrylic Beads, Pellets, Others), and by End-use (Signs & Displays, Construction, Automotive, Electronics, Others) – Global Market Trends & Forecast up to 2023

The total PMMA market is valued at $ 4.6 billion as on 2017 and will reach $ 6.5 billion by the end of 2023, growing at a CAGR of 7%. Rapidly growing demand of light weight parts in automotive vehicles, and use of PMMA in automotive glazing supported by high weathering, UV resistance, and optimum acoustic properties of PMMA is expected to drive the demand of PMMA in automotive sector. Rapid digitalization of rural areas has driven the need for attractive advertising options, leading to high demand of PMMA in signs & displays, lighting, and other similar applications. Asia Pacific will register the highest CAGR of around 8.0% during the forecast period from 2018-2023. Increasing per capita income among middle class in China and India and expected boost of automotive industry in developing countries is further expected to drive the demand of PMMA in these regions. Multinational players are shifting their production bases to these emerging economies to tap the untapped opportunities which is further expected to boost the demand of these products in these regions. Regions like Middle East & Africa is expected to grow at the second highest CAGR of 7.0% due to several upcoming projects and expected consolidation of large players in these regions. [<<img 8.png>>] Extruded sheets segment accounted for largest market share of 50% in terms of volume in 2017, due to robust demand of these sheets in industrial sectors. Excellent thickness tolerance and cost-efficiency are the driving factors for the increased demand of these products in this sector. Acrylic beads segment is expected to grow at the highest CAGR of 7% in the forecast period. PMMA finds majority of application in signs & displays and construction segment. Telecommunication signs & displays and endoscopy are also utilizing fiber optics made from this material for various applications which is further expected to drive the PMMA demand in forecast period. Companies are continuously investing in PMMA economics and innovation. For instance, Lucite International has developed Alpha technology, method to produce MMA by using carbon monoxide, ethylene, and methanol as raw materials. This technology has significantly improved the operating economies and has also provided an opportunity to reduce the capital investment. Some of the major players active in the region include Evonik Industries, Mitsubishi Rayon Group, Sumitomo Chemical Company Ltd., The Dow Chemical Company, Chi Mei Corporation, Kuraray Group, Asahi Kasei Corporation, LG MMA Corp., Makevale Group, Shanghai Jing-Qi Polymer Science Co. and, Polycasa N. ...

 2/22/2018 |  Chemicals & Materials


Smart Homes Market, By Product (Lightning Controls, HVAC Control, Security & Access Control, Smart Kitchen, Smart Appliances, Entertainment and Others), Protocols (Protocols & Technologies, Cellular Network) – Global Market Trends & Forecasts Upto 2023

Smart home is a smart system that anticipates and responds with intuitive and at times automated control of some or all of the amenities in a home that include TV, lighting, music, safety & security, climate, energy & water, and more. The smart home technology has grown tremendously since 2010 and transitioned from wired technology to wireless technology with emergence of wireless technologies, such as Bluetooth, Wi-Fi, and mobile Internet. The Internet of Things (IoT) has enabled the rapid growth of smart homes, connecting physical devices with internet connectivity and sensors providing new services to households. The trend of smart home is shifting towards the centralized control. For example, Amazon Echo and Google Home are heading in the direction of centralized smart home control. The smart home market has reached to about $ 12.5 billion in 2017 and is expected to grow at ~15% annually through 2023. This growth is expected to be driven by the factors, such as considerable growth of IoT market, improving energy efficiency, and increasing demand for security devices. A major factor restraining the growth of this market is the security issues over internet. Favorable government regulations are being implemented in several countries across the globe and next generation technologies, such as 3D gesture-based remote control in the home entertainment will present huge opportunities for smart home market. The market for entertainment and other controls has accounted for the largest share of the smart home market in 2017, attributed to the high penetration rate of products such as smart meters and smoke detectors. Although the increasing cost of electricity is a major concern for household consumers, the market for energy saving devices will have a higher demand through 2023. Changing lifestyles and rising purchasing power of people are also expected to drive the market for smart home products worldwide. The market for lighting control is expected to grow at a higher rate because these smart home products are aimed at reducing electricity consumption in homes during the day. The software and services pertaining to smart homes has been growing at a considerable rate as it enables users to control systems and devices installed in their homes. Most of the devices/systems, such as lighting control, HVAC control, security and access control, entertainment control, smart kitchen, and smart home appliances can be accessed and controlled using smartphones, computers, tablets, laptops, and hubs as these are enabled by the compatible software solutions and algorithms designed by smart home providers. Vivint, Inc. (US.), Comcast Corporation (US), The ADT Corporation (US), GE Healthcare (UK), AT&T, Inc. (US), Siemens Healthcare (Germany), Opower (US) and Time Warner Cable (US) are some of the major players that provide software solutions and services for smart homes. North America accounted for the major market in 2017, accounting for ~45% of the global smart home market. However, the rising number of new residential projects and the increasing initiatives to strengthen the building infrastructure and increased focus on smart homes and smart cities is expected to make Asia-Pacific a potential market through 2023. The demand for energy saving products in Europe is also an important market for smart homes, as this region has been majorly focusing on energy savings. Some of the major players in the smart home market include Siemens AG (Germany), General Electric Company (US), Johnson Controls, Inc. (US), Schneider Electric (France), ABB Ltd. (Switzerland), Honeywell International, Inc. (US), United Technologies Corporation (US), Ingersoll-Rand PLC (Ireland), Samsung Electronics Co., and Legrand S.A. (France). ...

 2/20/2018 |  Semiconductors


High Temperature Insulation Materials Market, Type (Ceramic Fibers, Insulating Firebricks), Temperature (600°C-1100°C, 1100°C-1500°C, 1500°C-1700°C), End-Use Industry (Petrochemicals, Iron & Steel, Ceramics, Aluminum) - Global Market Trends & Industry Forecasts Upto 2025

The high temperature insulation materials market is estimated to account for $ 4.0 billion in 2017, and is projected to grow at a CAGR of 7.5% to reach $ 6.1 billion by 2023. The major driving factor for HTI materials market have been the rising awareness and emphasis on use of energy efficient products owing to stringent regulations in place to reduce the GHG emissions. The major restraint observed in the HTI market is the carcinogenic nature of insulation material which is found to pose risks to human health. Therefore, stringent regulations have been in place to guide the production process, primarily in the North American and European markets. The opportunities for players in the HTI market lies in exploring the novel applications in the segments such as aerospace, automotive, renewable, and fire protection alongside devolvement of bio-based insulation materials. With respect to high temperature insulation materials types, Ceramic fiber is the largest segment. The superior properties of ceramic fibers, such as low thermal conductivity, high strength, and lightweight, and wide range of operating temperatures has been driving the ceramic fibers’ demand over the years. The ceramic fibers segment is estimated to account for $ 2.0 billion in 2017 and is projected to grow at a CAGR of 5.0% between 2018 and 2023. Calcium silicate, another HTI material is expected to witness the highest CAGR of 6.0% over the forecast period. The demand for insulation on industrial grade piping and equipment is increasing across most of the developing economies. Moreover, rise in drilling activities in the petroleum segment globally has fueled the demand for high temperature insulation materials. The temperature range of 600°C-1100°C has the most widespread products thus accounts for the largest segment among all temperature ranges. This is owing to the maximum use of HTI materials (such as ceramic fibers, insulating firebricks) in the temperature range of 600°C-1100°C. In terms of market value and volume, Asia-Pacific is the largest segment for high temperature insulation materials market. Emerging economies are the driving force of the HTI industry in this subcontinent. The emerging economies such as China and India offers a bunch of favorable factors such as low labor cost, high growth potential of the end-use industries, and gradual increase in manufacturing establishments. Cumulatively all these factors drive the high temperature insulation materials market in the Asia-Pacific region. Among all the end-use industries for high temperature insulation materials market, petrochemical is the most significant and the largest segment both in terms of volume and revenue. The growing demand for petrochemical products worldwide has augmented the manufacturers and producers to enhance their production capabilities thus contributing to increased demand for HTI materials. The HTI market in the petrochemicals segment is estimated to account for about 40.0% in 2017 and is expected to grow over 5.0% in the next five years. Insert Image Ceramics industry is expected to grow at the highest CAGR of over 7.0% over the projected period. This is due to rising trend of ceramic fibers replacing asbestos lining in furnaces and kilns, thus propelling the HTI materials demand. HTI is also gaining popularity among the powder metallurgy manufacturers. Also, industries such as aerospace, solar equipment, and fire protection industries are also expected to augment the demand for HTI over the forecast period. Asia-Pacific is estimated to account for 45.0% of the high temperature insulation materials market in 2017. It is projected to witness a growth of over 8.0% during the period of 2018-2023. Asia-Pacific is the hub of exports to the North American and the European markets. Isolite Insulating Products Co. Ltd and Luyang Energy-Saving Materials Co., Ltd. and Ibiden are the significant players in the region with a stronghold and diversified portfolio in the APAC market. However, in the North America and Europe markets high emphasis is laid on innovation and investments in research & development. This is due to the fact that stringent governmental regulations emphasize on energy efficient products. 3M, Unifrax, and Morgon Thermal Ceramics are the key players operating in the North America and European markets. The regional markets of North America and Europe have reached saturation and are expected to grow at a moderate CAGR of 3-4%. The high temperature insulation materials market is highly fragmented and competitive in nature. A large number of multinational corporations and small players operate in this segment through manufacturing and development of diversified products. Quality, price, production capabilities and continuous innovation are the main pillars driving the competition in the industry. The companies aim for strategic collaborations to expand their global footprint and product portfolio in order to strengthen their market position. The key players operating in this industry are 3M, Isolite, Morgan Thermal Ceramics, Unifrax, Pacor, Pyrotek, Promat, Luyang Energy-Saving Materials Co., Ltd., and Zircar among others. ...

 2/20/2018 |  Chemicals & Materials


Cement and Concrete Additive Market-Global Market Trends & Industry Forecasts Upto 2023

The cement and concrete additive market is expected to reach $ 4.4 billion by 2023 growing at a CAGR of 4.8% from 2018-2023. Growing investments in residential and infrastructure sector, gradual shift to eco-friendly modern buildings, have contributed to considerable growth in the cement and concrete additive market. The cement and concrete additives market is segmented on the basis of mineral additives (blast furnace slag, fly ash, gypsum, silica fume), chemical additives (water reducers, set controllers, coloring agents, air entrainers) and fiber additives. In 2017, Asia-Pacific captured the largest share in cement and concrete additives market with China capturing the major market share. China, Japan and India are the major countries in the Asia-Pacific cement additives market. The regional analysis has been covered on the basis of type i.e. mineral additives, Chemical additives, and fiber additives. A detailed analysis has been covered on construction and cement market for every region. The major players dominating the cement and concrete additives market are the BASF, Blue Circle Southern Cement, Boral Limited, Buzzi Unicem SpA, CEMEX ,CHRYSO SA, Denki Kagaku Kogyo Kabushiki , Ecocem Materials Limited, Elementis, Elkem Materials, EnGro Corporation Limited, Essroc Cement Corporation, Headwaters Incorporated, Heidelberg Cement Holcim, Italcementi SpA, JMH Group, Lafarge SA, LANXESS AG, Mapei SpA...

 2/20/2018 |  Chemicals & Materials