The Diagnostic Imaging Equipment Market is expected to grow at a constant rate in the upcoming years | DelveInsight

Diagnostic Imaging Equipment Market

The Diagnostic Imaging Equipment Market is anticipated to increase during the study period (2021-26)

DelveInsight’s Diagnostic Imaging Equipment market report thoroughly comprehends Diagnostic Imaging Equipment and historical and forecasted Diagnostic Imaging Equipment market trends.

Key Highlights from the Diagnostic Imaging Equipment Market Report

• The global Diagnostic Imaging Equipment market is expected to increase due to the rise in the incidence of chronic disease during the study period (2021-26).
• According to the FDA, most medical imaging equipment, such as CT, radiography, and conventional mammography, use ionizing radiation to create images of the body.
• Leading Diagnostic Imaging Equipment companies include GE Healthcare, Canon Medical Systems Corporation, FUJIFILM Holdings Corporation, Hologic Corporation, Koninklijke Philips N.V., Siemens Healthineers, Samsung Electronics Co., Ltd., and others.

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Diagnostic Imaging Equipment Market Segmentation

• By Product Type
• CT Scanners
• X-Ray Imaging Systems
• Ultrasound Systems
• MRI Systems
• Nuclear Imaging Systems 
• Mammography Systems
• Others
• By Application
• Cardiology
• Oncology
• Neurology
• Gastroenterology
• Orthopedics 
• Gynecology 
• Others 
• By End Users
• Hospitals
• Diagnostic Imaging Centres
• Others 
• By Geography
• North America
• Europe
• Asia-Pacific
• RoW

Diagnostic Imaging Equipment Key Companies 

• GE Healthcare
• Canon Medical Systems Corporation
• FUJIFILM Holdings Corporation
• Hologic Corporation
• Koninklijke Philips N.V.
• Siemens Healthineers
• Samsung Electronics Co., Ltd.

Find out which player or device is going to get the maximum share @ Diagnostic Imaging Equipment Market Analysis

Diagnostic Imaging Equipment Market Drivers

• Increasing incidence of chronic diseases
• Integration of advanced technology in diagnostic imaging
• Rise in the investments, and funds by public-private organization
• Increasing cost of healthcare

Diagnostic Imaging Equipment Market Barriers

• Side effects associated with Diagnostic imaging devices
• High cost of the Devices

Table of Contents 

1.	Key Insights
2.	Executive Summary of Diagnostic Imaging Equipment
3.	Diagnostic Imaging Equipment: Background and Overview
4.	Company Profiles-Marketed Products
5.	Diagnostic Imaging Equipment: Competitive Analysis of Listed Products
6.	Diagnostic Imaging Equipment: KOL Views
7.	COVID-19 impact analysis on market
8.	Patient Pool Analysis
9.	Market Analysis
10.	Market Dynamics
11.	Porter’s Five Forces Analysis
12.	Appendix
13.	DelveInsight Capabilities
14.	Disclaimer
15.	About DelveInsight

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Brucine Sulfate Market Forecast to Reach $1.5 Billion by 2026

Brucine Sulfate Market Forecast to Reach $1.5 Billion by 2026

Increasing The Consumption Of Brucine Sulfate As Organic Ingredients In Medicine And Cosmetics Products Is Highly Soluble In Boiled Water And Hence It Is Estimated To Grow The Demand For Brucine Sulfate Market

Brucine Sulfate Market is forecast to reach $1.5 billion by 2026, after growing at a CAGR of 3.4% during 2021-2026 due to growing consumption of brucine sulfate from the cosmetic and pharma industry. Brucine sulfate, an alkaloid closely related to strychnine but less potential and toxic than strychnine, acts as an antagonist at glycine receptors and paralyzes inhibitory neurons. Brucine sulfate is majorly available in powder form that can be packed in a drum or bottle or bags to supply. These can be stored at room temperature with a high melting point. Brucine sulfate is an organic intermediate salt that is an antioxidant. It is also classified in agrichemical and oil field chemicals, thus; brucine sulfate is used in oil denaturants. Brucine sulfate consists of purity of 98% and is highly soluble in water (1 gm dissolves in about 70cc of water) and sparingly soluble in alcohol. It comes under medicine grade, thus; increasing demand from the pharmaceutical sector is estimated to grow the consumption of brucine sulfate.

Impact of COVID – 19

Due to the COVID-19 pandemic, the consumption of brucine sulfate in the pharmaceutical industry has positively influenced the market growth as it is used in pharmacokinetics and is used to improve patient care in toxicity cases by estimating the amount of drug in the body. Brucine sulfate comes under medicine grade, thus; increasing the demand from the pharmaceutical industry is estimated to boost the consumption of brucine sulfate.

Brucine Sulfate Market Segment Analysis – By Form

The powder form held a significant share of the global brucine sulfate market in 2020. The powder brucine sulfate is an organic salt that is highly soluble in water and sparingly soluble in alcohol. These can be easily supplied with minimum (25kg) to maximum quantity (above 100gm). Brucine sulfate can be stored in a light-resistant container at room temperature. Thus, the powder form of brucine sulfate is expected to be widely used during the projected era.

Brucine Sulfate Market Segment Analysis – By Packaging

Drum packaging held the largest share in the global brucine sulfate market in 2020. By using drum packaging, the brucine sulfate is safely provided to manufactures. This is available in powder, solid, and catalyst form. The powder form is melted at 185 0C. Thus, with the help of drum packaging, it supplies conveniently to the manufacturers. Brucine sulfate is available in a green and white appearance with high solubility in water which consists of density 1.41 g/cm3. Hence, drum packaging is widely used for the packing of brucine sulfate.

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Brucine Sulfate Market Segment Analysis – By Application

Pharmaceuticals dominated the global market of brucine sulfate in 2020 and is growing at a CAGR of 3.6% during 2021-2026. Brucine sulfate pharmacokinetic is used to enhance the efficacy and decrease the toxicity of drug therapy. Brucine sulfate (less toxic than strychnine) is a white needle catalyst that is highly soluble in water, ethanol, and chloroform. Hence, such properties are boosting the consumption of brucine sulfate in pharmaceuticals. According to the National Healthcare of United States, healthcare spending increased 4.6 percent to reach $3.8 trillion in 2019. Furthermore, according to the international trade administration, in Mexico, medical devices and supplies reached US$ 4.9 billion in 2019, and the pharmaceutical market was US$ 2.5 billion in 2019. Thus, the growing pharmaceutical sector is anticipated to increase R&D expenditure in the United Nations. According to the European Federation of Pharmaceutical Industries and Association, the R&D expenditure in the pharmaceutical sector in the United States was increased by US$ 64.3 billion in 2019 compared to US$ 62.2 billion in 2018 and US$ 57.7 billion in 2017. Hence, the growing pharmaceutical activities are expected to boost the demand for brucine sulfate during the projected era.

Brucine Sulfate Market Segment Analysis – By Geography

Asia Pacific dominated the global brucine market in 2020 with more than the share of 30%, due to the increasing consumption of brucine sulfates from the pharmaceutical and cosmetics industry in Asian countries such as India, China, Japan, and others. Brucine sulfates are antioxidant salt chemicals that are used as denaturants of oil and alcohols, and also in cosmetic products. Brucine sulfate acts as an alkaloid antagonist at glycine receptors and is used as an organocatalyst in chemical applications which is estimated to create an opportunity for brucine sulfate from the healthcare and cosmetic sector. According to the India Brand Equity Foundation (IBEF), the healthcare market is expected to increase by Rs. 8.6 trillion (US$ 133.44 billion) by 2022, which is anticipated to drive the demand for brucine sulfate. Additionally, according to the National Investment Promotion and Facilitation Agency, India is the largest producer of generic medicines which contributes 20% share globally for the exportation of generic medicines. Furthermore, the increasing cosmetics market in Asian countries is also boosting the market. According to Cosmetic Europe, a personal care association, in Japan, the cosmetic industry is increased by euro 32.6 billion (US$ 36.49 billion) in 2019 as compared to euro 29.4 billion (US$ 34.7 billion) in 2018. Hence, increasing adoption of these powder salt is projected to drive industry growth of brucine sulfate.

Brucine Sulfate Market Drivers

Increasing Demand from Pharmaceutical Industry

Brucine sulfates are available in powder, solid, and catalysts form that can be preserved in tight and light-resistant containers thus these are used in pharmacokinetics. Brucie sulfate plays a role as an alkaloid antagonist at glycine receptors that are used are found in the spinal cord and brain stem. Hence, the growing pharmaceutical industry is creating a huge opportunity for the demand for brucine sulfate. According to India Brand Equity Foundation (IBEF), India’s domestic pharmaceutical market is estimated at US$ 41 billion in 2021. The sector is also expected to reach US$ 65 billion by 2024 and ~US$ 120-130 billion by 2030. Additionally, North America has also contributed a significant share for the brucine sulfate market due to growing investment in the pharmaceutical sector. Additionally, According to the National Healthcare of United States, healthcare spending increased 4.6 percent to reach $3.8 trillion in 2019. Hence, such factors are estimated to grow the market size of brucine sulfates.

Growing Consumption of Brucine Sulfate for Cosmetic Products in the Asia Pacific

Brucine sulfate is used as an organic intergraded for cosmetics products as it can be stored at room temperature. This organic compound is melted at 185 0C with high solubility in water, thus it is used in cosmetic products. Thus, the cosmetic industry is increasing in other Asian countries such as Indian and China. According to Cosmetic Europe, a personal care association, China’s cosmetics market increased by 15.33 % to euro 54.9 billion (US$ 61.45 billion) in 2019 compared to euro 47.6 billion (US$ 56.21) in 2018. Additionally, the Cosmetic industry in India increased by euro 12 billion (US$ 13.43 billion) in 2019 as compared to euro 10.7 billion (US$ 12.63 billion) in 2018. Hence, the growing cosmetic industry is estimated to grow the consumption of brucine sulfate.

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Brucine Sulfate Market Challenges

Brucine Sulfate Posses Health and Environment Risk

Brucine sulfate is a highly flammable and toxic organic salt that causes skin and eye irritation. It highly affects the human body due to high toxicity and poses chronic health effects. The highly used brucine sulfate is harmful to aquatic organisms which may cause long-term adverse effects in the aquatic environment. Hence, due to various health and environmental effects, the consumption of brucine sulfate may hamper the market growth.

Brucine Sulfate Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Brucine Sulfate Market. Major players in the Brucine Sulfate Market include:

Shreeji Pharma International

Kothari Phthochemicals International

Alfa Aesar GmbH Co. KG

Wallen Technology Co., Ltd.

Changsha Winner Bio-Tech Co., Ltd.

Jai Radhe Sales

Alpha Chemika

Otto Chemie Pvt Ltd, and among others.

Key Takeaways

The Asia Pacific dominates the market of brucine sulfate market due to increasing cosmetic and pharmaceutical activities in emerging and developing countries such as India, China, Japan, and Others.

Increasing the consumption of brucine sulfate as organic ingredients in medicine and cosmetics products is highly soluble in boiled water and hence it is estimated to grow the demand for brucine sulfate.

Brucine sulfate is not as poisonous as strychnine, hence it acts as an antagonist at glycine receptors and is used as an organocatalyst in chemical applications which is estimated to grow the market size during the forecast period.

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Dispersant Market Forecast to Reach US$5.8 Billion by 2026

Dispersant Market

Growing Investment in Oil & Gas Production Activities is Estimated To Grow the Consumption of Dispersants Market

Dispersant Market is forecast to reach US$5.8 billion by 2026, after growing at a CAGR of 6.1% during 2021-2026 due to rising demand from end-use sectors such as construction, paint & coatings, oil & gas, agriculture, petrochemical, and others. Dispersants provide coating strength, stability, and protection from the harmful ultra virus. Dispersants help to improve the workability of fluids by reducing the viscosity of the dispersion. Also, the growing demand for solvent-based technology reduces volatile organic compound emissions in the environment, thus creating an increased demand for dispersing agents. Additionally, naphthalene sulfonate, lignosulfonate, acrylic acid, and others are used in the formulation of dispersing agents which provide consistent color, quality, stability durability, and reduce viscosity. Hence, due to such properties dispersants are widely used in paint & coatings, and other industries which is estimated to grow the dispersants market

Impact of COVID-19

The tragedy of COVID-19, which is declared as a pandemic by the World Health Organization, is having a noticeable impact on global economic growth. This has affected the demand and supply chain as well, thereby limiting the growth. Thus, all pending activities are limiting the demand for dispersants. 

Dispersant Market Segment Analysis – By Technology

Solvent-borne technology leads the global market of dispersants in 2020 as it is widely suitable dispersants for viscosity depression. Solvent-based technology leads to higher pigmentation in mill base formulation. This technology provides dispersant strength for flexibility and durability coatings. In architectural paints, dispersing additives, often based on low molecular weight, can replace alkyl phenol ethoxylate-based surfactants (APEO) which have commonly been used to formulate pigment concentrates. Hence, solvent-based technology is widely used for dispersing agents.

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Dispersant Market Segment Analysis – By Application

Construction dominated the global market for dispersants in 2020 and is growing at a CAGR of 5.1% during 2021-2026. The dispersant is a superplasticizer that is highly soluble in water and helps to increase the workability of concrete. This superplasticizer helps to increase strength of concrete mixture and make more impervious to water penetration. Dispersants, also known as friction reducers, are used extensively in cement slurry viscosity while they are being pumped into the well and to improve the rheological properties that relate to the flow behavior of the slurry. Hence, rising infrastructure activities are growing the consumption of dispersing agents. According to the Indian Government, the investment in national highways were Rs 1,001,780 million (US$ 15.39 billion) in 2017-18, Rs 1,279,930 million (US$ 18.13 billion) in 2018-19, and Rs 1,032,580 million (US$ 14.56 billion) in 2019-20. And works on 2,108 highway projects costing Rs 9,224,040 million (US$ 124.30 billion), were ongoing as of March 2021. Additionally, the National Infrastructure Pipeline announced to spend Rs 20.34 lakh crore on roads between 2020-2025. Apart from this according to the International Union of Railways (UIC), China could exceed 80,000km of high-speed railway line construction by 2030-2035. Hence, all such infrastructure activities increasing the market growth. 

Dispersant Market Segment Analysis – By Geography

APAC dominated the global dispersant market in 2020 with a share up of 32%, due to increasing infrastructure activities and growing consumption from end-use industries such as paint & coating, oil & gas, pharmaceutical, agriculture, and others. Dispersants are produced using different types of chemicals such as lignosulfonates, naphthalene sulfonate, acrylic acid, depending on their usage in different industries. It is widely used in industrial coatings that protect exterior and interior substrates from corrosion, abrasion, thermal, chemical, and ultraviolet (UV) degradation in both industrial environments. Thus, the increasing demand for automotive coatings in Asian countries is estimated to grow the consumption of dispersants. According to the International Trade Administration (ITA), the Chinese government is expected to run the production of automobiles with 35 million units by 2025. Furthermore, according to the India Brand Equity Foundation (IBEF), the Indian Government expects the automotive sector to attract US$8 billion to US$10 billion in local and foreign investments by 2023. According to the International Organization of Motor Vehicle Manufacturers, in Malaysia, the commercial and passenger car vehicle production increased by 1.2% to 571632 units in 2019 as compared to 564800 units in 2018. Additionally, dispersants are used as plasticizers or superplasticizers in concrete formulations to lower the use of water. Therefore, according to the National Development and Reform Commission (NDRC), in China, 14 construction investment projects were approved worth CNY177.8 billion (US$25.2 billion), following approvals of CNY68.9 billion (US$10.1 billion) in August 2020. Hence, increasing infrastructure activities is estimated to grow the market size of dispersants.

Dispersant Market Drivers 

Increasing Demand from Paint & Coatings Industry

Dispersants are used to stabilize paints and coatings and reduce viscosity on the surface. Dispersants ensure the strength of paints, glossy floor and prevent sedimentation of particles. Thus, increasing demand for solvent-borne dispersion technology due to low surface tension is estimated to growing the consumption of dispersing agents. According to the American Chemistry Council (ACC), in the United States, solvent-based coatings are widely used for industrial coatings, which account for approximately 65 %. Additionally, increasing vehicle production is also growing consumption of paint & coatings which, in turn, is estimated to grow the market size. According to the International Organization of Motor Vehicles Manufacturers (OICA), global vehicle production increased by 21.08 million in January-March 2021 as compared to 18.03 million in January-March 2020. Thus, increasing demand for dispersing agents from paint and coatings is estimated to grow the market of dispersants. 

Growing Investment in Oil & Gas Production Activities is estimated to Grow the Consumption of Dispersants

The dispersant is used as a drilling chemical in oilfield applications. Dispersants drilling chemicals sprayed on the surface increase the flow of the sticky oil to break down into small particles. Dispersants also decrease the ability to absorb oil from the ocean surface. Thus, increasing investment in oil & gas production is estimated to grow the consumption of dispersants. According to The Canadian Association of Petroleum Producers (CAPP), investments in oil sands operations and conventional oil & gas production is expected to rise nearly from US$19 billion (C$24 billion) in 2020 to US$21 billion (C$27 billion) in 2021. Additionally, oil and gas companies will invest C$27.3 billion in 2021. Hence, all such factors are expected to drive the growth of the dispersants market. 

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Dispersant Market Challenges

Volatility in Raw Material Prices

Naphthalene sulfonate is used in the formulation of dispersants that are produced by coal tar or petroleum. Furthermore, lignosulfonate is also used in formulation in dispersants and petroleum recovery operations. However, the fluctuations in prices of crude oil are also fluctuating the production of dispersants. According to BP static, Global oil production fell by 60,000 barrel per day was more than offset by a decline in Organization of the Petroleum Exporting Countries (OPEC) production, led by the USA, (-2 million b/d), Iran (-1.3 million b/d) Venezuela (-560,000 b/d) and Saudi Arabia (-430,000 b/d). Additionally, according to the U.S. Energy Information Administration (EIA), crude oil prices decreased by US$ 41.69 per barrel in 2020 compared to US$ 64.34 per barrel in 2019. However, according to BP static, oil prices declined to US$64.21/bbl in 2019 as compared with US$71.31/bbl in 2018. Thus, fluctuations in prices of crude oil may decrease the formulation of dispersants which may hamper the market growth. 

Dispersant Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Dispersant Market. Major players in the Dispersant Market include:

● BASF SE

● Ashland Inc.

● Arkema Group

● The Dow Chemical Company

● Clariant AG

● Solvay Chemicals

● Ecolab Deutschland GmBH

● The Lubrizol Corporation

● Evonik Industries AG

● Uniqchem, and among others. 

Key Takeaways

● Asia Pacific dominates the market of dispersant market due to growing infrastructure activities in developing countries such as India, China, and Others.

● The demand from paint & coatings is increasing as dispersing agents protect the interior and exterior of vehicles from anti-corrosion and stone-chip resistance. Thus, increasing vehicle production is estimated to grow the consumption dispersants.

● According to the International organization of Vehicle Motor Manufacturers (OICA), commercial vehicle production increased by 31.4% to 5731161 units in 2020 as compared to 4360472 units in 2019.

● Additionally, naphthalene sulfonate, lignosulfonate, acrylic acid, and others are used in the formulation of dispersants that are produced by coal tar or petroleum, which may hamper the market growth.

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Satellite Remote Sensing Services Market to Grow at a CAGR of 11.5% during 2021-2026

Satellite Remote Sensing Services Market

Growth in adoption of Unmanned Aerial System fueling the growth of Satellite Remote Sensing Services Market.

Satellite Remote Sensing Services Market Size is forecast to reach $7.5 billion by 2026, at a CAGR of 11.5% during 2021-2026. Satellite remote sensing service is a process of detecting and monitoring the reflected and emitted radiation with the use of aircraft-based sensor technologies and classify objects on the Earth. The introduction of remote sensing, big data analytics, the Internet of Things (IoT) along with cloud computing is projected to propel the growth of the market. The most preferred remote sensing platform is the unmanned aerial vehicle (UAV) used for large-scale mapping, damage assessment, and others. Recently, Airbus has been selected to design and build second-generation meteorological satellites where the satellite remote sensing services are finding their applications. Increasing applications of remote sensing for earth observation is leading to the growth of the market.

Satellite Remote Sensing Services MarketSegment Analysis - By Platform Type

UAVsegment held a significant market share of 15% in 2020, as they are increasingly adopZted in the defense sector. The technological developments in the UAVs have led to the availability oQZQQf feasible technical solutions for airframes, flight controls, and communication and base stations. Owing to these technological developments the UAVs are widely used in military applications. At the University of Tokyo, the Jouhou Systems Kougaku Laboratory unveiled DRAGON drones. The dragon drone is a big drone and it consists of a number of small drones which is even capable of changing their shape in the midair. Moreover, in the military camps, these small drones can communicate with handheld ground station (GCS) units for giving information about threats and enemies. Furthermore, the UAV takes HD photos and provides live video feeds about real-time activities in military bases. All these factors are anticipated to boost the market growth in the forecast period.

Satellite Remote Sensing Services Market Segment Analysis - By End User

The defense sector is expected to witness the highest CAGR of 8.5% during the forecast period as this technology is used to provide essential intelligence information. The defense industry demands ever-increasing functionality in space-based equipment such as satellites, probes, and military weaponry. Also, as high altitude and low earth orbit aircraft become increasingly reliant on sophisticated electronics, the demand for satellite remote sensing services significantly increases. Hence these factors are analyzed to drive the Satellite Remote SensingMarket Size in the forecast period 2021-2026.

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Satellite Remote Sensing Services Market Segment Analysis - By Geography

North America region is dominating the Satellite Remote Sensing Services Market growth. This region held a significant market share of 15% in 2020. The U.S. Aerospace and Defense (A&D) industry is one of the world’s leading innovators and producers of technologically advanced aircraft, space, and defense systems. With the growing developments, the government of this region has announced several fundings, initiatives for the development of these sectors. In September 2019, the government has announced to fund $21.5 billion to NASA for its research and development activities. As NASA plans to develop spacecraft beam in orbit and satellites, the satellite Remote Sensing services provides high-resolution satellite data and resolution.

Satellite Remote Sensing Services Market Drivers

Surge in Development of Defense Sector:The remarkable growth of the defense sector predominantly in the APAC region, in particular, has resulted in increasing UAVs adoption in recent years. In 2019, the government has announced to spend $738 billion in Defense sector by 2020 for various operations including modernization of equipment's. Moreover, Defense spending in various countries is rapidly increasing due to increased threats from other countries. In the year 2018 Mexico had a defense budget of around $ 6,568 million in 2018, a 13.6% increase from 2017, and it is expected to increase in the forecast period. These factors have driven the growth of the market.

Growth in adoption of Unmanned Aerial System:

The adoption of unmanned aerial systems is mainly due to its size and speed along with uses in varying applications. In the latest CORONA VIRUS-19 outbreak these UAVs have proved to be best in use throughout the sanitizing process. In the healthcare and social assistance during the COVID-19 outbreak the drones are used for medicinal deliveries. The UAVs are used for a variety of applications like inspection, mapping, surveillance, aerial videos, and many other applications. These factors are making them more prominent in the commercial, industrial and military sectors where the satellite remote sensing services are finding their application. These factors are fueling the growth of the market are analyzed to drive the Satellite Remote Sensing Services industry outlook in the forecast period 2021-2026.

Satellite Remote Sensing Services Market Challenges

Design related challenges of the unmanned aerial systems resulting in the less adoption of satellite remote sensing services hampering the market growth:The prominent disadvantages related with the unmanned aerial systems are the limited flying time, limited speed and endurance. Long distance aerial mapping and surveillance are tough tasks by the use of multi rotor UAVs owing to the fact that most of the multi rotor UAVs provide only 20-30 minutes fly time. This is low demand for the products and is set to negatively impact the procurement of satellite remote sensing services market during the forecast period 2021-2026.

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Satellite Remote Sensing Services Market Landscape

Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Satellite Remote Sensing services market. Top players operative in Satellite Remote Sensing Services include:

Airbus Defense and Space

Esri

DigitalGlobe

Boeing Company

Ball Aerospace & Technologies Corp.

Planet Labs, Inc.

ThalesGroup

UrtheCast

Mitshubishi Electric Group

PlanetLabs, Inc. among others.

Acquisitions/Product Launches

In September2021, Hancom Group launched private satellite for Earths observation in South Korea weighing less than 100kg.

In January 2019, SpecTIR Hyperspectral & Remote Sensing solution partnered with Northstar Earth & Space, Inc. to provide global information platform to monitor Earth.

Key Takeaways

North America is one of the most significant regions for the Satellite Remote Sensing Services Market, mainly due to the growth of the Defense sector and R&D in the space sector where this technology is used to detect more complex orientation changes.

Unmanned Aerial Systems (UAV) is expected to witness the highest CAGR of 15% during the forecast period, owing to various factors such as increased use in the commercial and defense sector, rising government expenditures, and others in countries such as India, China, and so on.

MEMS gyroscope is strengthening its position through mergers & acquisitions and continuously investing in research and development (R&D) activities of the remote sensing technology along with a vision to come up with solutions to cater to the changing requirements of customers.

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About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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Stoma Care/Ostomy Care and Accessories Market Poised to Grow at a CAGR of 4.8% Over the Forecast Period of 2021-2026

Stoma Care/Ostomy Care and Accessories Market

increase in the geriatric population will supplement the growth of stoma care/ostomy care and accessories market

The stoma care/ostomy care and accessories market size is estimated to reach $4.43 billion by 2026 and is poised to grow at a CAGR of 4.8% over the forecast period of 2021-2026. Ostomy refers to the surgical procedure performed which results in a change in the way in which urine or stool exits one’s body. It is done owing to various diseases such as colorectal cancer and others that ultimately force the bodily waste to get rerouted. Additionally, a stoma is the opening created through the procedures after the ostomy surgery. It is generally located on the abdomen and is usually dark pink in color. Most of the surgeries exhibit people wearing the pouch just over the stoma, however a continent diversion can be created, and a person can avoid wearing the pouch. The most opted ostomies are colostomy, in which a surgery allows the opening within the large intestine, and the portion of the colon is removed, and the left-over colon is bought into the abdominal wall. The other specifics of ostomies are urostomy and ileostomy. The former allows to surgically divert the urine, while the latter focuses on creating an opening within the ileum. The higher cases of colorectal cancers along with a technological upgradation in the accessories are some of the factors driving the stoma care/ostomy care and accessories industry forward in the projected period of 2021-2026.

Stoma Care/Ostomy Care and Accessories Market Segmentation Analysis- By Products

The stoma care/ostomy care and accessories market based on products can be further segmented into bags and accessories. The bag segment held a dominant market share in the year 2020. It is owing to their usage post operation, and the variety in which they come. As per doctor’s analysis and patient’s need, the bag can be one-piece or two-piece. Moreover, the bags are used in cases of colostomy, ileostomy, and urostomy. The increase in the total cases of colorectal cancer globally has supplanted the need for bags. For example, as per Australian Journal, there were around 16,000 cases being reported in the region, and with the rise in total cases, colorectal cancer now ranks third which wasn’t in the top five a decade back.

However, the accessories segment is estimated to be the fastest growing, with a CAGR of 5.3% over the forecast period of 2021-2026. It is owing to their characteristics that suffices various social and personal needs. For example, accessories have seal bangs, rings, pouch covers, stoma caps, and various others. As per US CDC, the hospitalization cost for treatment of Crohn’s disease is close to $11,000. More product innovations will further help the growth of market.

Stoma Care/Ostomy Care and Accessories Market Segmentation Analysis- By End Users

The stoma care/ostomy care and accessories market based on end users can be further segmented into Home Care Settings, Hospitals, and Ambulatory Surgical Centers. It is owing to the benefits it offers over the hospitals and clinics. For example, as per various analysis, the outpatient service centers are 45-60% cheaper than traditional centers. Moreover, US saves around $15 billion by directing patients to ambulatory surgical centers. The chances of catching infections are significantly lower in ASCs as compared to hospitals.

However, home care settings is estimated to be the fastest growing, with a CAGR of 5.5% over the forecast period of 2021-2026. It is owing to the advent of various products and technologies which allow the patient to receive treatments at home, thereby, saving cost and time. Moreover, healthcare companies are using IoT and big data to ease the overall services. The following will result in the growth of the segment.

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Stoma Care/Ostomy Care and Accessories Market Segmentation Analysis- By Geography

The stoma care/ostomy care and accessories market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. Europe’s stoma care/ostomy care and accessories market held a dominant market share of 35% as compared to the other regions. It is owing to the overall high prevalence of IBD and other ailments in the following region. Moreover, around 0.2% of the population currently have IBD. Additionally, the direct health costs are extremely high in Europe, which now somehow are de-motivating people to adopt for surgeries, and rather gain biological therapy.

However, Asia-Pacific is set to offer lucrative growth opportunities to marketers in the projected period of 2021-2026. It is owing to the rising awareness amongst the afflicted patients. Moreover, marketers are observing an increasing trend of colorectal cancer and other digestive tract issues which in the future is projected to increase, which would allow them to gain lucrative returns.

Stoma Care/Ostomy Care and Accessories Market Drivers

The increase in the geriatric population will supplement the growth of stoma care/ostomy care and accessories marketAs per the analysis, colorectal cancer is highly prevalent in the geriatric population. As per various researchers, 70% of all the cases diagnosed with colorectal cancer were above the age of 65, more so, 40% were above the age of 75+. As per various analysis being done, it is nigh that the geriatric population ratio is on a rise owing to developed healthcare facilities and infrastructure along. As per CDC projections, adults over 65 years will break even with the children under 18. More so, for the entire US population, 24% will be adults by 2050. The trends are not limited to the USA and is highly prevalent in other regions as well. For example, in Asia-Pacific, it is expected that the share of 65+ year old will observe a rising trend of 2.5x in the coming decades.

The increasing prevalence of colorectal cancer, IBD, and other allied diseases have supplanted the growth in market

Various research has governed an increase in the cases of colorectal cancer across the globe For example, in India, a relative change of 20.6% has been recorded when it comes to the incidence of colorectal cancer, more so the incidence is close to 4.4 per 100,000. Similarly, in Australia bowel or colorectal cancer is most prevalent in people above 60 years and is the third most common cancer. Additionally, around 0.2% of the people living in Europe suffer from IBD. Additionally, around 200,000 cases of diverticulitis are diagnosed each year in the US. Moreover, the reasons attributed to the rising numbers are obesity, sedentary behavior, and poor diet. The rise in urbanization will promote obesity and sedentary lifestyle which will in turn benefits the market.

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Stoma Care/Ostomy Care and Accessories Market Challenges

The ostomy related complication dawn a social stigma and fatalities have been a major market growth dampener

The complications post-operation is highly prevalent in the global population. The incidences can vary between 21-70% in all the surgeries performed, however, it is particularly high in the first five years. Peristomal skin complication, which arises when there is a leakage from the stoma effluent. The following cases are prevalent by up to 43% in the global population. Additionally, the cost implication of such complications can really notch the total cost, thereby causing fear amongst the masses to stop from adopting to such surgeries. Retraction, stomal necrosis, stomal stenosis, prolapse, bleeding, and hernia are some of the other complications which can be seen in patients.

Stoma Care/Ostomy Care and Accessories Market Competitive Landscape

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the stoma care/ostomy care and accessories market. The top 10 stoma care/ostomy care and accessories market companies are-Coloplast A/S, Hollister Incorporated, ConvaTec Group, B. Braun, ALCARE Co., Ltd, Nu-Hope, Marlen Manufacturing & Development Company, Welland Medical Limited, Baohe Ostomy Care, Flexicare Medical Limited.

Recent Developments

In July 2021, Ostomy specialist- Trio Healthcare received a funding from a leading pioneer SWK holding corporation. The total amount for which the funding has been made is declared equivalent to $10 million. The following will allow the development in R&D for the firm and will support Trio healthcare’s plant to expand outer markets.

In November 2020, Trio Healthcare launched indigenous Genii stoma bag with silicone flange. Moreover, the company specifically revised and developed their Sil 2 Breathable silicone technology to develop their product Genii. The product is a unique silicone blend that gels great with one’s skin and hence, avoids any skin complication. It sticks brilliantly, allows the skin to breathe, and maintains the moisture content.

Key Takeaways

North America dominated the Colorectal Cancer market owing to the growing cases in the region. Excess consumption of unhealthy food and carbonated soft drinks in the region is set to add to growth of colorectal cancer cases in the market. The Colorectal Cancer market scope for different regions will be provided in the final report.

The increasing prevalence of colorectal cancer among individuals and the growing health awareness among masses is likely to aid in the market growth of Colorectal Cancer.

Detailed analysis on the Strength, Weakness and opportunities of the prominent players operating in the market will be provided in the Colorectal Cancer market report.

High cost of Colorectal Cancer surgeries and drugs is set to create hurdles for the Colorectal Cancer market.

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Membrane Electrode Assemblies Market Size Estimated to reach $850 Million by 2026

Membrane Electrode Assemblies Market

Rising demand of electric vehicles (EVs) is analyzed to accelerate the growth of the Membrane Electrode Assemblies Market.

The Membrane Electrode Assemblies Market size is analyzed to grow at a CAGR of 26.4% during the forecast 2021-2026 to reach $850 Million by 2026. The Membrane Electrode Assembly (MEA) is the primary component of a fuel cell, which assists in generating the necessary electrochemical reaction required to separate electrons for premium power performance attainment. The Membrane Electrode Assemblies Market is majorly growing due to the promising demand of the EV/PHV/HEV Vehicles, along with the massive demand for clean energy generation, and polymer electrolyte membrane solution. The growth is further attributed due to the augmentation of the power generation capacities across the world, robust transformation towards renewable energy generation coupled by the investments and government initiatives for advancing fuel cell technology and catalyst coated membrane, thereby driving the Membrane Electrode Assemblies Industry. In fact, the continuous demand for heavy-duty transport, along with the small and large power generation systems provides energy storage and other electricity solutions, specifically across Asia-Pacific regions. Therefore, the growing usage of fuel cell-based vehicles, substantial investment by players Ballard Power Systems Inc., Ceramic Fuel Cell, Hydrogenics, Fuel Cell Energy, Toshiba Corporation, Panasonic Corporation, and others are some of the pertinent factors contributing to the growth of the Membrane Electrode Assemblies Market.

Membrane Electrode Assemblies Market Segment Analysis – By Technology

Based on technology, the Membrane Electrode Assemblies Market is segmented into 3-Layer Membrane Electrode Assemblies, 5-Layer Membrane Electrode Assemblies, and Others. The 5-Layer Membrane Electrode Assemblies is estimated to hold the major share of 48% in 2020, owing to the availability of the affordable Membrane Electrode Assemblies, and also, require very less time for manufacturing in comparison to the 3-Layer MEAs. The 5-layer MEAs further optimize gas diffusion layer designs and offers enhanced cell performance. In July 2019, Birkenfeld, the fuel cell group of the environmental department received the largest investment from the private research contract, in reference to the leading energy industry. Hence, the growing research and development initiated for the fuel cell and battery and other advantages to manage conventional vehicles are some of the factors, resulting in the growth of the Membrane Electrode Assemblies Market.

Membrane Electrode Assemblies Market Segment Analysis – By Application:

Based on Application, the Membrane Electrode Assemblies Market is segmented into Electrolyzers, Polymer Electrolyte Fuel Cells, Hydrogen/Oxygen Air Fuel Cells, Direct Methanol Fuel Cells, and Others. The Electrolyzers application is analyzed to hold the maximum share of 40% in 2020, due to the seamless process of converting electricity into hydrogen. It actually deploys electricity to break water into hydrogen and oxygen, which in turn elevated product gas purity. Moreover, it is affordable to apply and lasts for many years. In August 2021, US-based Ohmium launched a green hydrogen electrolyzergiga factory in India. This renewable energy start-up of the US is set to locate in Bangalore, India as PEM is considered as the latest ultimate equipment for generating green hydrogen, which breaks water into hydrogen in a clean way. Therefore, the growing demand for the modular, advanced, and high performance Membrane Electrode components is estimated to drive the Membrane Electrode Assemblies market successfully.

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Membrane Electrode Assemblies Market Segment Analysis – By Geography

By geography, Europe is analyzed to hold a significant share of 40% in 2020, owing to the early adoption of renewable energy solutions, dynamics of the e-mobility market, along the diverse fuel sources distributed across the region. The significant demand for electricity, and other resources, such as hydro and wind, have also boosted the Membrane Electrode Assemblies in Europe. In July 2021, Shell started Europe’s largest PEM green hydrogen electrolyzer to contribute to Europe's goal to achieve climate neutrality and hydrogen production. The project of Shell is developed to achieve net-zero-emissions energy business by 2050, and thus, demonstrate a unique energy future model of lower-carbon energy production, worldwide. With the project, the Executive Director of FCH JU, Bart Biebuyck announced the pertinence of the energy system fundamentals to aim climate neutrality, and also, clean hydrogen solution plays a primary role in e-mobility. Therefore, the various initiatives for green energy solutions, the launch of fuel cells and hydrogen technology, and various other industry vision and commitment endeavors are estimated to drive the Membrane Electrode Assemblies Market.

Membrane Electrode Assemblies Market Drivers

Growing renewable energy solutions in the market is estimated to boost the Membrane Electrode Assemblies Market

The growing renewable energy solution in the market, owing to the pertinent concern about the reduction of greenhouse gas emissions, high demand for energy security, and establishment of Solar PV and wind, result in the growth of the Membrane Electrode Assemblies Market. Moreover, the rising government regulations and the significant initiative to avert traditional nuclear power technology adds a successful growth rate to the Membrane Electrode Assemblies Industry. In March 2021, Toyota Motor Corporation announced the partnership with Beijing SinoHytec for the development of hydrogen fuel cell vehicles for the market of China. In fact, the release of the statement by both of the companies stated that they have invested $ 72 million into Huafeng Fuel Cell Co. Ltd to promote the design of the company’s first car, which is manufactured after MIRAI, Toyota’s hydrogen fuel cell vehicle. Hence, the constant efforts to deploy fuel cell technology to enhance transportation, supportive government policies, and creating advancement to generate efficient refueling stations and other applications are estimated to drive the Membrane Electrode Assemblies Market.

The rising demand of electric vehicles (EVs) is analyzed to accelerate the growth of the Membrane Electrode Assemblies Market

The massive ongoing developments in the automotive sector, including the rapid evolution of electric vehicles (EVs) for denoting EV revolution and greener transportation initiatives, are estimated to drive the Membrane Electrode Assemblies Market. In addition, Electric vehicles across the globe have achieved immense popularity, owing to the avant-garde technological advancements, which promotes efficiency to outperform the conventional and other kinds of vehicle, in reference to the low carbon emission, low fuel consumption, and minimum maintenance. In February 2020, India-based startup, FAE Bikes launched a low-cost EV charging station, known as KiranaCharzer. The KiranaCharzer is a compact designed zero-maintenance and IoT enabled charging station that enables small shops and individuals to install this charging platform and generate additional income. Hence, the growing demand of compatible charging infrastructure for rising volume EV vehicles across the street, and concentrated R&D efforts and emerging demand of next-generation EV cars boost the demand of the Membrane Electrode Assemblies Market.

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Membrane Electrode Assemblies Market Challenges

Expensive technology and limited Infrastructure hamper the growth of membrane Electrode Assemblies MarketThe expensive technology adoption and limited infrastructure development are a few of the market impediments that represent the major limitations for the growth of the Membrane Electrode Assemblies Market. However, the demand of the Membrane Electrode Assemblies Market is growing in spite of all these drawbacks, and challenges such as the expensive cost of production and other related technology that is critical and requires qualified professionals to deal with the scalable implementation. Hence, the relative crises and the limited availability of the MEAs lead to time-consuming production processes, which hampers the growth of the Membrane Electrode Assemblies Market.

Membrane Electrode Assemblies Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Membrane Electrode Assemblies Market. The Membrane Electrode Assemblies top 10 companies include:

Ballard Power Systems Inc.,

du Pont de Nemours and Company,

Giner Inc., Greenerity GmbH,

HyPlat (Pty) Ltd.,

IRD Fuel Cell Technology A/S,

Johnson Matthey Plc,

The 3M Company

W. L. Gore & Associates, Inc.

Wuhan WUT New Energy Co., Ltd.

Acquisitions/Technology Launches/Partnerships

In March 2021, EKPO and Fuel Cell Technologies signed a partnership to supply fuel cell stacks and components for a broad range of applications. The strategic merger is also developed to denote state-of-the-art and cost-competitive fuel cell stacks and components technology to manage diversified applications, including commercial vehicles.

In July 2021, an innovation-driven leader in the fuel cell and hydrogen technology company, Advent Technologies Holdings, Inc. launched the M-ZERØ™ family of products. The M-ZERØ™ is designed specifically to generate power in remote environments, and also, enable to minimize methane emissions effectively, through pneumatic injection technology.

Key Takeaways

Europe is analyzed to hold the significant share of 40% in 2020, owing to the early adoption of renewable energy solutions, dynamics of the e-mobility market, along with the diverse fuel sources distributed across the region.

The 5-Layer Membrane Electrode Assemblies is estimated to hold the major share of 48% in 2020, owing to the availability of the affordable Membrane Electrode Assemblies, and also, require very less time for manufacturing in comparison to the 3-Layer MEAs.

The growing renewable energy solution in the market, owing to the pertinent concern about the reduction of greenhouse gas emissions, high demand for energy security, and establishment of Solar PV and wind, result in the growth of the Membrane Electrode Assemblies Market.

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Magnesium Oxide Nanoparticle Market to Grow at a CAGR of 6.5% During 2021-2026

Magnesium Oxide Nanoparticle Market

Rising Use of Magnesium Oxide Nanoparticle as a Catalyst to boost the Magnesium Oxide Nanoparticle Market in the forecast period.

Magnesium Oxide Nanoparticle Market size is forecast to reach US$63.3 million by 2026 and is growing at a CAGR of 6.5% during 2021-2026. Green synthesis environment-friendly process is used to make magnesium oxide nanoparticles. Magnesium oxide nanoparticles come in a white powder form and are odorless and non-toxic. Because of their structure, surface characteristics, and durability, magnesium oxide nanoparticles have a lot of potential as bactericidal agents in food safety applications. Magnesium oxide nanoparticles have long been thought to be a good nonhalogen fire retardant. To operate as a corrosion inhibitor, magnesium oxide nanoparticles have been manufactured using several ways. Magnesium oxide nanoparticles could be employed as a high-temperature dehydrating agent in the production of silicon steel sheets, high-grade ceramic materials, and electronic industry materials, among other things. Hence due to the various use of magnesium oxide nanoparticles the Magnesium oxide Nanoparticle Market is going to grow in the forecast period.

COVID-19 Impact

Due to the COVID-19 pandemic, the Magnesium Oxide Nanoparticle Market was highly impacted. Most of the manufacturing plants of Magnesium Oxide Nanoparticlewere shut down, which declined the production of Magnesium Oxide Nanoparticle. Also, due to supply chain disruptions such as raw material delays or non-arrival, disrupted financial flows, and rising absenteeism among production line staff, OEMs have been forced to function at zero or partial capacity, resulting in lower demand and consumption for Magnesium Oxide Nanoparticle. However, with gradual lockdown relaxations, manufacturers started operating with a minimum workforce abiding by necessary covid-19 norms. The Building and Construction work gradually started across the globe. The Magnesium Oxide Nanoparticle Market is expected to overcome the small economic disruption and further grow in the forecast period.

Magnesium Oxide Nanoparticle Market Segment Analysis – By Magnesium Oxide Types

The Light Burned Magnesium Oxidesegment held the largest share of 38% in the Magnesium Oxide Nanoparticle Market in 2020. Magnesium oxide (MgO), often termed as magnesia, is used in a range of industries, notably as the primary constituent in magnesium oxychloride (MOC) cement. However, it has been discovered that the grade of Light Burnt MgO, particularly its reactivity, can vary greatly, affecting the workability and performance of magnesia-based end products. So evaluating the reactivity of MgO becomes critical to the continued development and success of magnesia-based industrial applications. The fine particles of light burned magnesium oxide offer excellent reactivity, therefore it is increasingly being used as a surface treatment agent and as a ceramic raw material. These are also used as an additive in plastic. Hence due to various use of Light burned Magnesium oxide in industrial applications, it is going to boost the Magnesium Oxide Nanoparticle Market in the forecast period.

Magnesium Oxide Nanoparticle Market Segment Analysis – By Application

The Ceramic segment held the largest share in the Magnesium Oxide Nanoparticle Market in 2020 and is growing at a CAGR of 6.9% during 2021-2026. Magnesium oxide is by far the most widely used shear ceramic because it has outstanding thermal conductivity and electrical resistance even at high temperatures. This Magnesium Oxide ceramic is a fine-grained, totally burned inert material that resists assault by metals such as Sodium, Nickel-based superalloys, Plutonium/Uranium systems, fluxes, and superconductor compounds. It has strong mechanical strength and performs well when heated or cooled consistently and without thermal shock. It outperforms Alumina and is temperature stable up to 2200°C. However, temperature creep happens above this point. It is employed in the manufacturing of piezoelectric materials because of its resistance to lead-based compounds. According to MECSManufacturing Economic Studies) in 2019, the export of ceramic across the world grew by 31 Million square meters. Hence the growth of the global ceramic will further boost the Magnesium Oxide Nanoparticle Market growth in the forecast period.

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Magnesium Oxide Nanoparticle Market Segment Analysis – By End Use Industry

The Electrical and electronics segment held the largest share in the Magnesium Oxide Nanoparticle Market in 2020 and is growing at a CAGR of 7.6% during 2021-2026. Magnesium Oxide Nanoparticle is used to make induction furnaces, smelters, shielded conduits, cathode bars, and electrostatic sheets in electrically insulating materials. In the radio business, strong magnetic antennas, electromagnetic apparatus fillers, dielectric material fillers, and various payloads are used. Broadband Dielectric Spectroscopy is used to investigate the dielectric characteristics of nanoscale magnesium oxide powder. This one-of-a-kind research show how specific capacitance and loss factor behave over a wide frequency and surface temperature. This research is accompanied by a study of electrical constants (dielectric intensity, thermal resistance, attenuation coefficient, and absorption coefficient) of epoxy-based composites depending on the refill amount, which follows current trends in the application of nitrogen Nanofillers are by far the most crucial parameters in the engineering of electrical insulation.

Magnesium Oxide Nanoparticle Market Segment Analysis – By Geography

Asia Pacific region held the largest share in the Magnesium Oxide Nanoparticle Market in 2020 up to 43%. In light of the current economic climate, the worldwide electronics and information technology industries are expected to grow 2% over the year in 2020 to US$2,972.7 billion, and 7% sales growth in 2021 to US$3,175.6 billion, according to JEITA’s biannual industrial assessment. According to the Indian electronics industry, Electronics was valued at US$200 Billion in 2019 and was expected to reach US$540 Billion by FY20. The electronics industry developed in the most advanced industrialized countries: the European Congregation, Japan, and the United States. It concentrates on semiconductors, computers, electrical goods, and wireless communications. It explores how gadgets developed in the most developed economies: the Countries of the EuropeanUnion, Japan, and the United States. The electronic industries of a few developing and freshly industrialized regions are also assessed. Hence due to the global electronics industry growth, the Magnesium Oxide Nanoparticle Market is going to grow in the forecast period.

Magnesium Oxide Nanoparticle Market Drivers

Increasing Pharmaceutical Use of Magnesium Oxide Nanoparticle

Magnesium oxide nanoparticles (MgO nanoparticles) is promising structural materials in a variety of disciplines, including cancer treatment. The antibacterial characteristics of magnesium oxide nanoparticles have sparked interest in their usage in biomedical applications. Antimicrobial activity against Gram-positive and Gram-negative bacteria, spores, and viruses has been observed, and they can be made from inexpensive precursors. Chemically synthesized magnesium oxide nanoparticles and Zein-based magnesium oxide nanoparticles have been shown to have antibacterial properties and to form biofilms on various oral pathogens. According to the European Federation of pharmaceutical industries and associations, the world pharmaceutical industry was estimated US$1,062,923 million in 2019. With a 48.7% share, the North American industry segment is expected to lead in the global arena, leading Europe and Japan. Due to the growth of the Pharmaceutical industry globally, the Magnesium Oxide Nanoparticle Market is going to grow in the forecast period.

Rising Use of Magnesium Oxide Nanoparticle as a Catalyst

Due to certain properties, such as redox reactions and morphology, covalent bond valence, photostability, hydrochloric character, and crystal and electronic structure, MgO nanoparticle is commonly regarded as a promising high-surface-area heterogeneous catalyst support, additive, and promoter for a wide range of chemical reactions. By transferring electrons between the foreign catalysis and MgOnanoparticle as support, the presence of MgO nanoparticles as an endorsed catalyst affects the electronic state of the overall electrocatalytic activity. Changes in the acid-base characteristics of the turning point MgOnanoparticle reveal the impact. Meanwhile, in the synthesis of MgO nanoparticles the process, compositions, and conditions are critical. Hence due to the essential use of magnesium oxide nanoparticles as catalysts in the chemical process, it is going to boost the Magnesium Oxide Nanoparticle Market in the forecast period.

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Magnesium Oxide Nanoparticle Market Challenges

Environmental pollution and health hazard associated with Magnesium Oxide Nanoparticle:High amounts of MgO Nanoparticles are hazardous. Furthermore, malignant cells are more hazardous to MgO Nanoparticles than non-cancerous cells. When MgO Nanoparticles were used, ROS (Reactive Oxygen Species) mediated genotoxicity was discovered. MgO Nanoparticles can be absorbed and accumulated in the tissues via the skin, lungs, and digestive system. However, many of its actions, particularly in regard to its hazardous effect, are still unknown. Model species such as fishes were used to study the toxic effects of MgO nanoparticles. The limited knowledge on the utilization of certain nanoparticles by terrestrial species, particularly in natural soils, is a major problem. Studies on the toxicity of MgO nanoparticles must be systematized in order to better understand the impacts when these nanoparticles are integrated into the soil, especially as this is a preferred destination for many nanoparticles after they are applied.

Magnesium Oxide Nanoparticle Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Magnesium Oxide Nanoparticle Market. Magnesium Oxide Nanoparticle Market top companies include:

American Elements

Inframat Advanced Materials, LLC.

MARTIN MARIETTA MAGNESIA SPECIALTIES, LLC.

SkySpring Nanomaterials, Inc.

Reinste Nano Ventures.

EPRUI Nanoparticles & Microspheres

Sigma Aldrich

Strem Chemicals

US Research Nanomaterials

Altair Nanomaterials and others

Key Takeaways

Asia Pacific dominates the Magnesium Oxide Nanoparticle Market, owing to the increasing usage in Fuel additives, cleaner, bactericidal agent and corrosion inhibitors in various industries.

Magnesium oxide (MgO) is frequently utilized in the chemical industry as a catalyst support and chemical intermediate and as a scrubber for air-polluting gases.

Refractory materials and superconductors are important aspects to consider with MgO nanoparticles due to the possible presence of O vacancies. These can have an influence on the and chemical as well as electronic properties of the Magnesium oxide nanoparticles.

Magnesium oxide is widely used in biomedical and pharmaceutical applications such as drugs and antimicrobial agents. Hence due to the vast use of magnesium oxide nanoparticles, it is going to further boost the Magnesium Oxide Nanoparticle Market in the forecast period.

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Specular Reflective Material Market Size Expected to be Reach US$6.4 Billion by 2027

Specular Reflective Material Market

The increase in production of glass & ceramic and related products is one of the significant factors driving the demand for specular reflective material market.

Specular Reflective Material Market size is expected to be valued at US$6.4 billion by the end of the year 2027 and it is set to grow at a CAGR of 4.6% during the forecast period from 2022-2027. As described by fresnel’s equation and kramers-kronig transform, specular reflective material with an index of refraction of 1 or more, is one of the commonly used mirrors in various end use industry. Specular reflective mirrors are also called as dielectric mirror, which provides greater selectivity for reflection wavelengths and reflectivity, making dielectric mirror suitable for various applications ranging from optical uses, display technology and space technology. The specular reflection of a material is also easy to be estimated with the use of glossmeter, an instrument which measures the specular reflection of a surface. Furthermore, the increasing demand from construction sector and automotive sector is one of the key factors driving the specular reflective material market.

COVID-19 impact

Amid the Covid-19 pandemic, the specular reflective material market witnessed a major downfall in the growth and demand owing to the many economical and legal restrictions being imposed by countries across the world. There were restrictions and bans on export, import and other inter-country and inter-state activities, which further affected the specular reflective material market in terms of production, sales and distribution. The restrictions were in effect for the major part of the year 2020. However, the restrictions got eased out and the bans were lifted during the beginning of the year 2021 when the Covid-19 cases were decreasing. The specular reflective material market is expected to grow by the year end of 2021.

Specular Reflective Material Market Segment Analysis – By Product

Polyvinyl Chloride (PVC) segment held the largest share of 38% in the specular reflective material market in the year 2021. Polyvinyl chloride (PVC) is used in a wide range of applications ranging from window panes, piping, medical devices, cables and wire insulation, flooring, roofing, automotive interiors and many others. The increase in application from these end use industries and applications is further driving the demand for polyvinyl chloride (PVC) in the specular reflective material market. According to Global Construction Perspectives and Oxford Economics report, the global construction industry is estimated to reach US$8 trillion by the year 2030. This will drive the demand for applications in flooring, roofing and window applications, which will further drive the demand for polyvinyl chloride (PVC) in the specular reflective material market.

Specular Reflective Material Market Segment Analysis – By Form

Film segment held the largest share of 40% in the specular reflective material market in the year 2021. Specular reflective film is used on mirrors and other applications like window panels on cars, in windows of buildings and others. This is driving the demand for specular reflective film in the specular reflective material market. Specular reflective film is easy to install and does not require much expertise. Specular reflective film also has a less index of refraction. Therefore, it can be used even by commercial users. This is majorly driving the demand for specular reflective film in the specular reflective material market.

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Specular Reflective Material Market Segment Analysis – By End-Use Industry

Automotive industry held the largest share of 41% in the specular reflective material market in the year 2021. The increase in the production of cars and vehicles across the globe is one of the significant factors driving the specular reflective material market. For instance, according to the International Organization of Motor Vehicle Manufacturers, the global production of automobile stood at 21,084,417 units during January-March 2021, an increase of 16.9% from 18,036,164 units from January-March 2020. This is driving the need for automotive parts like rear view glass, interiors, seat coverings and others which is driving the demand for specular reflective material market in the automobile industry.

Specular Reflective Material Market Segment Analysis – By Geography

Asia-Pacific region held the largest share of 45% in the specular reflective material market in the year 2021. The rapid growth of population in countries like India and China coupled with the countries’ high dependence on end use industries like building & construction and automotive industry is driving the demand for specular reflective material as it is used in various applications of these end use industries. In the long-term development plan for automotive industry, the Chinese government set a goal for 2020, to reach and annual sales of 2 million for their new energy vehicles (NEV). Furthermore, the Indian auto-components industry was estimated to be valued at US$49.3 billion during the year 2020. The domestic automobile production in India increased at 6.96% during the year 2019 with a 30.9 million units production of automobile. Additionally, according to International Trade Administration (ITA), South Korea doubled the number of automobile exports to 50,000 units per year to US from the year 2021 according to KORUS FTA. This will majorly drive the demand for specular reflective material market in the Asia Pacific region.

Specular Reflective Material Market Drivers

The Increasing Production of Glass and Ceramic

The increase in production of glass & ceramic and related products is one of the significant factors driving the demand for specular reflective material market. For instance, according to Glass Alliance Europe, the glass production in Europe reached 37.2 million tonnes, an increase of 1.8% compared to the previous year 2018. Likewise in the US, according to the Bureau of Economic Analysis of US, the total value of glass and glass product manufacturing industry was valued at US$3.83 trillion in the year 2020, an increase of 0.26% from the previous year value The increase in production of glass and ceramics is driving the demand for specular reflective material market, as it is commonly used in producing dielectric mirror/products.

Increasing Demand from Automotive Industry

The increase in production of the automotive industry is one of the significant contributors for the growth of the specular reflective material market. Specular reflective material is used in various application of the automotive industry, ranging from the glass panels, rear view mirrors and others. Therefore, the increase in the growth of automotive industry is further driving the demand for specular reflective material market. According to International Organization of Motor Vehicle Manufacturers (OICA), even though the automotive industry production declined by 13.77% in the year 2020 due to the global pandemic, the automobile industry is estimated to bounce back on track in the coming days. This will drive the demand for specular reflective material market during the forecast period.

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Specular Reflective Material Market Challenges

Strict regulations related to VOC emission

The production of specular reflective material releases volatile organic compounds in the environment which is highly dangerous for the life forms on earth. This is one of the major challenges faced by the specular reflective material market. There are various regulations related to VOC emission which is hindering the growth of the specular reflective material market. In most countries, the limit set for the content of such volatile organic compounds, like lead is 90 parts per million (ppm) total lead content, based on the weight of the total non-volatile content of the paint. Any amount beyond the specified limit will attract legal actions. This will further hamper the growth of the specular reflective material market.

Specular Reflective Material Market Industry Outlook

Acquisitions and mergers, production expansion, facility expansion collaborations, partnerships, investments, are some of the key strategies adopted by players in the Specular Reflective Material Market. Major players in the Specular Reflective Material Market are:

3M

Zhejiang Gko

Lambda

Anometal

Safe Reflections

Coats Group plcHuawei

Asian Paints Ltd.

Avery Dennison

Nippon Carbide Industries Co., Inc among others.

Acquisitions/Technology Launches

On 06 August 2020, Bemis Associates Inc., a leading manufacturer of thermoplastic films and tapes announced the acquisition of Safe Reflections International LLC. The acquisition will help the Bemis Associates Inc. to strengthen the product portfolio.

Key Takeaways

Asia-Pacific market held the largest share in the specular reflective material market owing to the increasing population coupled with the increase in demand for infrastructure facilities is driving the specular reflective material market in the Asia Pacific region.

The increasing production of glass & ceramic and related products is one of the major factors driving the specular reflective material market.

The growing demand from the automotive industry is also majorly driving the specular reflective material market.

Amid the Covid-19 pandemic, the specular reflective material market witnessed a major downfall due to the various restrictions laid down by countries across the globe

Relevant Report

Reflective Polarizing Films Market – Forecast (2021 - 2026)

https://www.industryarc.com/Research/Reflective-Polarizing-Films-Market-Research-501531

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