Biostimulant Market Size, Recent Trends, Trends by Leading Players and Forecast | Lallemand, Inc., Novozymes A/S, and Valagro

 Biostimulants are naturally derived fertilizer additives used to enhance plant growth and productivity. These products also contribute toward the nutritional enhancement of agricultural products. Acid and extract-based biostimulants are the major types of biostimulants available in the market. Acid-based biostimulants include humic acid, fulvic acid, and amino acid, whereas seaweed extracts and other plant extracts are considered under plant extracts. Various regulations are imposed on the use of biostimulants by regulatory bodies.An increase in demand for high crop yields and quality, and a focus on sustainable agriculture to protect the environment drive the growth of biostimulant products. However, a lack of education and awareness among farmers about the benefits of using biostimulant in agricultural activities is expected to impede the biostimulant market growth shortly.

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Biostimulant Market,” The biostimulant market was valued at $2,572.60 million in 2020, and is estimated to reach $8,004.10 million by 2031, growing at a CAGR of 10% from 2022 to 2031.

Organic biostimulants are gaining popularity among agricultural users due to its natural components that help increase the growth of the crops without any harmful effects, and is expected to drive the biostimulant market growth.

The harmful effects of synthetic fertilizers and pesticides on the environment and humans have raised concerns for the government and other agencies. However, the use of fertilizers cannot be cut off completely, as this would have a negative effect on the demand-supply gap of food production. Furthermore, government organizations have taken aggressive efforts to regulate the manufacturing and use of environment-friendly items, such as prohibiting the use of specific chemicals and establishing maximum consumption restrictions. Thus, there is an urgent need to produce bio-based agrochemicals to minimize the hazardous effects of synthetic agrochemicals on the environment. In addition, the growing inclination of consumers toward using bio-based products, especially in the Asia-Pacific region has presented new opportunities for market players. Furthermore, the benefits associated with usage of biostimulants, such as low toxicity, high specificity, and enhanced efficiency have led to higher adoption of such products. Thus, numerous biostimulant market opportunities exist in the market for the development of biostimulants.

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By value, North America and Asia-Pacific collectively contributed approximately 40% share of the global market in 2021.The emerging countries such as Australia, Mexico, and Japan display a huge growth potential for this market on account of high agricultural operation, and decent number of population shifting toward agricultural sector in these countries.

The players operating in the global biostimulant market have adopted various developmental strategies to expand their biostimulant market share to increase profitability, and remain competitive in the market. The key players profiled in this report include BASF SE, BiolchimS.p.A., Biostadt India Limited, Biovert S.L., Hello Nature, IsagroS.p.A., Koppert B.V., Lallemand, Inc., Novozymes A/S, and Valagro.

KEY FINDINGS OF THE STUDY

On the basis of biostimulant market analysis for region, Europe accounted for the largest biostimulant market share, registering a significant CAGR from 2022 to 2031, followed by North America.

On the basis of biostimulant market trends in 2021, the row crops & cereals crop type segment accounted for approximately 65% share, in terms of value, and is expected to grow at the highest rate.

North America is anticipated to grow at the highest CAGR of 9.8% from 2022 to 2031 in the biostimulant market forecast period.

In 2021, the U.S. generated the highest revenue, accounting for approximately 20% share of the biostimulant industry.

Brazil biostimulant market size is anticipated to grow at a significant CAGR of 10.2% during the forecast period.

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Hydrogen Generation Market is Expected to Exceed $262.0 Billion by 2031

The hydrogen generation market is estimated to reach $262.0 billion by 2031, growing at a CAGR of 6.8% from 2022 to 2031. Hydrogen production is the family of industrial methods for generating hydrogen gas. As of 2020, the majority of hydrogen (∼95%) is produced from fossil fuels by steam reforming of natural gas and other light hydrocarbons, partial oxidation of heavier hydrocarbons, and coal gasification.

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Hydrogen produced is mostly used by petroleum refineries and fertilizer producing companies. A total of 99% of hydrogen comes from fossil fuel reforming, as it is the most conventional and cost-effective method. However, it is not beneficial for the environment due to CO2 emission. Green hydrogen is produced from electrolysis. Electrolysis is the method used to produce green hydrogen as it uses electricity to split water into hydrogen and oxygen and gives out zero carbon emissions. One of the objectives that various nations have set for 2050 is the decarbonization of the earth. The generation of an element like hydrogen, which produces green hydrogen, is one of the key factors in achieving this goal because it now accounts for more than 2% of worldwide CO2 emissions. For instance, the European Union (EU) released a unique hydrogen policy in 2020 that combines initiatives to support green hydrogen generation capacities’ rapid growth. By 2023, Florida Power & Light plans to have a 20 MW green hydrogen plant up and running. The 1.75 gigawatts Okeechobee gas-fired plant owned by FP&L will utilize this hydrogen in a 20% blend.

Increase in governmental regulations for the desulphurization of petroleum products is projected to drive the growth of the hydrogen generation market opportunities. Hydrogen is an effective energy carrier, and this quality is expected to contribute significantly to its further penetration into newer markets. The global electricity demand is expected to witness an increase of nearly two-thirds of the current demand during the forecast period. Focus on projects related to distributed power & utility, is expected to boost the hydrogen generation market growth during the forecast period.

The hydrogen generation market forecast is segmented on the basis of source, process, delivery mode, application, and region. On the basis of source, it is classified into blue hydrogen, gray hydrogen, and green hydrogen. On the basis of process, the market is categorized into steam methane reforming, coal gasification, electrolysis, and other. On the basis of delivery mode, the market is bifurcated into captive and merchant. On the basis of application, the global hydrogen generation market is divided into chemical processing, transportation, petroleum recovery, power generation and others. Furthermore, the chemical processing segment is bifurcated into ammonia, methanol, and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest hydrogen generation market share, followed by North America, and Europe.

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The major companies profiled in this report include Linde Plc, Air Liquide, Cummins Inc., Uniper SE, Nel ASA, Siemens, Engine, ITM Power, Iberdrola, McPhy Energy S.A, Messer, Orsted A/S, Thyssenkrupp, Iwatani Corporation, Xebec Adsorption Inc., Ally Hi-Tech Co. Ltd, and Electrochaea GmbH. Rapid development of industrialization, modernization and increase in awareness among the individuals regarding the environmental impact of fossil fuels fuel the demand for hydrogen. Additional growth strategies such as expansion of production capacities, acquisition, partnership and research & innovation in the detection technologies have led to attain key developments in the global hydrogen generation market trends.

Key findings of the study

  • As per hydrogen generation market analysis, by source, the grey hydrogen segment accounted for the largest share in 2021.
  • By process, the steam methane reforming segment was the leading segment in 2021.
  • By delivery mode, the captive segment held the largest market share in 2021.
  • By application, the chemical processing segment held the largest market share in 2021.
  • By region, Asia-Pacific is projected to exhibit CAGR of 7.3% from 2022 to 2031.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Traction Battery Market Poised to Garner Maximum Revenues during 2021 – 2030

The global traction battery market is expected to possess high growth potential in the coming years, owing to its use in electric vehicles, industrial, and locomotives. The increasing awareness for environment-friendly vehicles and rising volatility in fuel prices have surged the demand for electric vehicles. Moreover, factors, such as the electrification of the transport sector and rising investments, will stimulate the growth of electric vehicles. Traction batteries being used for powering electric motors of electric or hybrid vehicles have registered an impressive growth, owing to the increasing demand for electric vehicles. In addition, characteristics, such as recyclability, low cost, and eco-friendly, are providing an additional push to the growth of the traction battery market. However, the outbreak of the COVID-19 pandemic has negative impacts on the global traction battery market.

Traction battery, also known as the electric-vehicle battery, is used to power electric motors of both hybrid and electric vehicles. It is usually rechargeable and specially designed for high ampere-hour capacities.

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Governments of different countries have emphasized reducing emissions from the automobile & transportation sector. Several regulatory bodies, such as the United States Environmental Protection Agency (U.S. EPA), European Union (EU), and others, have laid down acts and regulations to reduce the emission levels caused due to vehicles. This has led the government to increase awareness of electric vehicles in developed and developing economies. Moreover, the electric vehicle industry is primarily driven by attractive government policies and tax incentives for manufacturers and customers of the electric vehicle sector.

For instance, according to a report published by the U.S. Department of Energy, a minimum tax credit amount of $2,500 (and maybe up to $7,500) is available on the purchase of a new electric vehicle that uses a traction battery with at least five kilowatt-hours (kWh) of capacity. These factors are predicted to notably contribute to the global market.

However, the development of charging infrastructure for electric vehicles is a significant setback in many countries, owing to a lack of space, investments, electrification, and others. According to an article published by Forbes, around 35 million electric vehicles will be sold by 2030 in the U.S. which will require 50,000 direct current fast charging (DCFC) stations and 1.2 million level 2 ports. This means approximately 380 electric vehicle charging ports need to be installed each day for the next nine years but in comparison, the U.S. has installed an average of 30 level 2 ports per day between 2010 and 2020. This factor is anticipated to hamper the traction battery market growth.

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Economies, such as China, and India, are expected to drive the demand for traction batteries. There is a significant increase in energy demand in countries, such as China and India, owing to a rise in investment in traction battery projects. The residential and industrial sectors are expected to consume more energy during the forecast period in Asia-Pacific. Furthermore, India has significant growth potential; however, due to its inconsistent policy and business environment in past, the traction battery share in total energy production was less. There has been an increase in investments in traction battery projects in India, owing to which it is one of the countries experiencing rapid growth in the Asia-Pacific market. For instance, a shift in the trend toward the use of localized energy procurements can be witnessed in recent years.

The increasing demand for electric vehicles has surged the R&D activities for enhancing battery efficiencies by improving the charge cycle and reducing the unit consumption per charge. Moreover, the emergence of batteries with high energy density has increased the competition among traction battery manufacturers for producing highly efficient traction batteries for electric and hybrid vehicles. For instance, according to an article published by International Industrial Vehicle Technology, Ecovolta, a leading manufacturer of battery systems, has launched a new range of traction batteries known as evoTraction battery that can replace lead-acid batteries with a standardized lithium-ion battery, thus cutting costs per charge cycle by up to 50%. Furthermore, customers are becoming more linear toward purchasing lithium-ion traction batteries, owing to their lightweight and long-lasting battery life. All these factors are expected to offer future growth opportunities to the global traction battery market.

The traction battery market analysis is done on the basis of product type, capacity, application, and region.

By product type, the market is segregated into lead acid-based, nickel-based, lithium-ion-based, and others. The lead acid-based segment dominated the global market in terms of revenue in 2020, with over two-fifths of the total share. Factors, such as low price, high cyclability, and high vibration resistance, make the customers linear toward purchasing lead acid-based traction batteries. This may provide an additional push to the growth of the traction battery market. In addition, lead acid-based traction batteries are accepted as a reliable and robust power source for electric vehicles, e-bikes, floor scrubbers, and others. This is anticipated to increase the sales of lead acid-based traction batteries, thereby creating lucrative opportunities for the market.

By capacity, the market is segregated into less than 100 Ah, 100 – 200 Ah, 200 – 300 Ah, 300 – 400 Ah, and 400 Ah & above. The less than 100 Ah segment dominated the global market in terms of revenue in 2020, with over two-sevenths of the total share. Traction battery with less than 100 Ah capacity offers easy swapping and removing low price, less space requirement, and are lightweight, making the key automotive manufacturers use small capacity traction batteries for reducing the overall weight of the vehicle, thereby improving the mileage. This is anticipated to increase the sales of less than 100 Ah traction batteries, thereby creating remunerative opportunities for the market.

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Key players operating in the global traction battery market include Exide Industries Ltd., ECOVOLTA, GS Yuasa International Ltd., HOPPECKE Carl Zoellner & Sohn GmbH, Banner Batteries (GB) Ltd., BAE Batteries GmbH, Toshiba Corporation, INTILION GmbH, Leoch International Technology Limited Inc., and Inci GS Yuasa.

The global market analysis covers in-depth information of the major traction battery industry participants.

Key findings of the study

  • The lithium-ion segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 9.5% from 2021 to 2030.
  • The less than 100 Ah capacity is anticipated to register the highest CAGR of 8.5% during the forecast period.
  • The electrical vehicle application is anticipated to register the highest CAGR of 8.5% during the forecast period.
  • Asia-Pacific accounted for 54.5% of the traction battery market share in 2020, in terms of revenue, growing at a CAGR of 8.9%

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Hydroxyapatite Market to Generate $3.65 Billion by 2027, States the Report by Allied Market Research

A lead analyst at AMR highlighted that the hydroxyapatite market across Asia-Pacific is expected to cite the fastest CAGR during the forecast period.
Allied Market Research published a research report on the hydroxyapatite market. The findings of the report states that the global market for hydroxyapatite generated $2.46 billion in 2019, and is projected to reach $3.65 billion by 2027, witnessing a CAGR of 5.1% from 2020 to 2027. The report offers valuable information on changing market dynamics, major segments, top investment pockets, and competitive scenario for market players, investors, shareholders, and new entrants.
The report provides detailed insights on the drivers, restrains, and opportunities to help the market players devise several growth strategies. Rise in demand for bone transplants and bone grafting, increase in disposable income, and advancements in R&D fuel the growth of the global hydroxyapatite market. On the other hand, high cost of implants impedes the growth to some extent. Nevertheless, innovations in product development are projected to pave the way for multiple opportunities in the industry.
The report provides a detailed scenario of the impact of the Covid-19 pandemic on the hydroxyapatite market globally. Dental practices across the world were only considering emergency patients, which gave way to significant fall in the revenue throughout the sector. The disrupted supply chain, on the other hand, led to distortions in the manufacturing of dental care products and orthopedic implants, which impacted the global hydroxyapatite market negatively. However, the market has started recovering at a fast pace.
“The global hydroxyapatite market is heading towards an expansion phase. This is mainly attributed to a significant surge in demand for bone transplants and bone grafting material. As the quality healthcare services are increasing in developed as well as in emerging economies, customers are inclined toward aesthetic and dental surgeries. In addition, growing population of elderly people in the countries, such as the U.S. and Canada, further fuel the demand for orthopedic implants; there, boosting the market growth. The presence of large number of hydroxyapatite manufacturers and suppliers has positioned North America as a lucrative region for the global hydroxyapatite market growth.” said Eswara Prasad, Manager, Chemical & Material at Allied Market Research.
The report offers detailed segmentation of the global hydroxyapatite market based on type, application, and region. These insights are helpful for new as well as existing market players to capitalize on the fastest growing and largest revenue generating segments to accomplish growth in the future.

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By type, the micro-sized segment accounted for more than half of the global market share in 2019, and is projected to dominate by the end of 2027. The nano-sized segment, however, would cite the fastest CAGR of 5.5% by 2027.
By application, the orthopedic segment held around two-fifths of the total market revenue in 2019, and is anticipated to retain the lion’s share by 2027. However, the plastic surgery segment would manifest the fastest CAGR of 5.6% during the forecast period.
By region, North America garnered the highest share in 2019, contributing to two-fifths of the global market. Simultaneously, the Asia-Pacific region is expected to cite the fastest CAGR of 5.5% throughout the study period.
The leading market players analyzed in the global hydroxyapatite market report include Granulab (M) Sdn Bhd, Sofsera, Berkeley Advanced Biomaterials, Taihei Chemical Industrial Co. Ltd., Fluidinova, Cam Bioceramics, Aps Materials, Cg Bio Inc, and Zimmer Biomet.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

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Refinery Vacuum Distillation Units Market to Witness Robust Expansion throughout the Forecast Period 2021 – 2030

The growth of the refinery vacuum distillation units market is expected to be driven by a high reliance on crude oil for fossil fuels and plastic goods. Furthermore, capacity expansion and new crude oil refinery projects globally is driving the growth of the refinery vacuum distillation units market. However, high equipment costs may hinder the growth of the refinery vacuum distillation units market during the forecast period.

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Vacuum distillation is a part of the refining process that helps to produce petroleum products out of the heavier oils left over from atmospheric distillation. About 80% of the refineries operating in the U.S. have a vacuum distillation unit, a secondary processing unit consisting of vacuum distillation columns. As the name vacuum distillation implies, the distillation column is under a vacuum or significantly less than the atmospheric pressure of 760 millimeters of mercury (mmHg). At low pressures, the boiling point of the ADU bottoms is low enough that lighter products can vaporize without cracking, or degrading, the oil.

The global refinery vacuum distillation units market growth is driven by an increase in petroleum products in the coming future. Furthermore, oil is a major component employed in the process of power generation. With the rising consumption rate of electricity across the world, the demand in the global refinery vacuum distillation units market has correspondingly increased. Moreover, one of the key drivers of the refinery vacuum distillation units market is the growing demand for the petrochemicals used to make plastics. However, the growth of the refinery vacuum distillation units market is restrained by factors such as lack of funds, delay in commissioning projects, acquiring lands, and increasing adoption of electric vehicles in developed and developing nations across the world.

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The global refinery vacuum distillation units market is segmented into type and region. On the basis of type, the global refinery vacuum distillation units market is segregated into dry and wet. The dry segment accounted for the largest share in 2020 and is projected to grow at the highest CAGR of 2.2%. This is attributed to the fact that dry refinery vacuum distillation units do not introduce steam into the tower, and are more applicable to gas oil and fuels production.

Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific garnered the largest share of the market in 2020 and is projected to register the highest CAGR of 2.7% during the forecast period.

The global refinery vacuum distillation units industry is consolidated in nature with a few players such as Rufouz Hitek Engineers Pvt. Ltd., GEA Group Aktiengesellschaft, Edgen Murray, Maleta Cyclic Distillation LLC, Maverick Engineering, Inc., Alfa Laval, Busch Group,  KURAF MUHENDISLIK, Axens, and Praj Industries, which hold a significant share of the market. These players have been adopting various strategies to gain a higher share or to retain leading positions in the market.

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Key Findings Of The Study

  • On the basis of type, the dry segment emerged as the global leader by acquiring more than 73% of the market share in 2020 and is anticipated to continue this trend during the forecast period.
  • Region-wise, Asia-Pacific is the major consumer of refinery vacuum distillation units. It accounted for around 35% of the global market share in 2020.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
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Bromine Derivatives Market to Generate $1.35 Billion by 2030, States the Report by Allied Market Research

The lead analyst at AMR highlighted that the bromine derivatives market in Asia-Pacific is anticipated to grow at the fastest CAGR during the forecast period.
Allied Market Research published a research report on the bromine derivatives market. The findings of the report states that the global market for bromine derivatives generated $826.4 million in 2020, and is projected to reach $1.35 billion by 2030, witnessing a CAGR of 5.1% from 2020 to 2030. The report offers valuable information on changing market dynamics, major segments, top investment pockets, and competitive scenario for market players, investors, shareholders, and new entrants.
“Bromine derivatives plays a vital role in the major applications of electronics, oil & gas, chemical, pharmaceutical, and construction. The derivatives of bromine are growing at exponential rate due to rising electrical vehicle and extensive use of petrochemical and plastics in our daily life. In addition, rising environmental regulations related to chemical industry are expected to act as the restraining factor for the market through the years to come.” said Eswara Prasad, Manager, Chemical and Materials at Allied Market Research.
The report provides insights on drivers, restrains, and opportunities to help the market players in devising growth strategies and capitalizing on opportunities. Rise in urbanization, growing need of enhanced infrastructure, and increasing use of pharmaceuticals drive the growth of the global bromine derivative market. On the other hand, stringent government regulations on chemicals impede the market growth to some extent. However, surge in pharmaceutical, construction, automotive activities in the developing nations present new opportunities in the industry.
The report provides a detailed scenario of the impact of the Covid-19 pandemic on the bromine derivatives market globally. It is helpful for the market players, new entrants, and investors to determine strategies as per the current scenario and improvise the business model for the next few years. The import and export activities were affected significantly during the pandemic, which in turn exerted a negative influence on the end-use industries of bromine derivatives. The automotive industry is one of the major end users of bromine derivative worldwide. Disrupted production activities in the automotive industry aggravated the market condition even more. However, with the mass vaccination drives on board, the global situation has improved significantly and the market for bromine derivatives has also started recouping at a swift pace.

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The report offers detailed segmentation of the global bromine derivatives market based on derivative, application, end-use, and region. These insights are helpful for new as well as existing market players to capitalize on the fastest growing and largest revenue generating segments to accomplish growth in the coming years.
By derivative, the TBBPA segment accounted for the major share in 2020, holding nearly one-third of the total market share, and is estimated to maintain its lead position throughout the forecast period. However, the sodium bromide segment is expected to cite the fastest CAGR of 5.4% from 2021 to 2030.
By end use, the chemical segment held the highest share in 2020, accounting for more than three-fifths of the global bromine derivative market. Simultaneously, the construction segment is anticipated to showcase the fastest CAGR of 5.4% from 2021 to 2030.
Based on region, the market across Asia-Pacific held the major share in 2020, holding around two-fifths of the total share, and is estimated to retain the lion’s share in terms of revenue by 2030. The same region is also projected to display the fastest CAGR of 5.4% throughout the forecast period.
Leading market players of the global bromine derivatives market analyzed in the report include Tosoh Corporation, Gulf Resources Inc, Hindustan Salts Limited, Israel Chemicals Limited, LANXESS Corporation, Perekop Bromine, Albemarle Corporation, Tata Chemicals Limited, TETRA Technologies, Inc., and Honeywell International Inc.

About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

Contact us:
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Global Sugar Free Carbonated Drinks Market to Reach $243.5 Billion by 2030: Allied Market Research

The market across North America is expected to dominate the market in terms of revenue throughout the forecast period. However, the market across Asia-Pacific would manifest the highest CAGR during the forecast period.
As per the report published by Allied Market Research, the global sugar-free carbonated drinks market is projected to reach $243.5 billion by 2030, growing at a CAGR of 7.3% from 2022 to 2031. The report outlines market characteristics, growth by segmentation, market potential, and competitive landscape.
Aniket Kadam, a Senior Research Analyst, Food & Beverages at Allied Market Research, stated, “Increase in prevalence of obesity and high blood sugar levels, rise in disposable income, and easy availability of sugar free carbonated drinks have boosted the growth of the global sugar free carbonated drinks market. However, rise in prices of raw materials and decline in consumption of carbon-infused drinks hinder the market growth. On the contrary, growth in health consciousness would open new opportunities in the future.”
Covid-19 pandemic impact on the market:
The Covid-19 pandemic resulted in complete or partial shutdown of manufacturing operations. Moreover, the travel restrictions and ban on import-export of non-essential items hampered the market. However, during the lockdown period, the demand for at-home consumption of sugar free carbonated drinks increased.

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The global sugar free carbonated drinks market is analyzed across several regions such as Europe, North America, Asia-Pacific, and LAMEA. The market across North America is expected to dominate the market in terms of revenue throughout the forecast period. However, the market across Asia-Pacific would manifest the highest CAGR during the forecast period.
The global sugar free carbonated drinks market is divided based on type, flavor, and distribution channel.
Based on type, the soft drinks segment would hold the lion’s share from 2021 to 2031. In addition, the segment is estimated to showcase the highest CAGR during the forecast period.
On the basis of flavor, the cola segment is expected to hold the largest share during the forecast period, due to immense popularity of the cola flavor.
On the basis of distribution channel, the others segment which includes fast food chains, food service industry, quick service restaurants, online sale channel, and food would portray the highest CAGR during the forecast period. Furthermore, the segment is expected to continue its dominance in terms of share from 2021 to 2030.
The global sugar free carbonated drinks market report includes an in-depth analysis of the major market players such as Arizona Beverage Company, Llc., Asahi Group Holdings, Ltd., Bisleri International, Jones Soda Co., Keurig Dr Pepper, Inc., Kofola CeskoSlovensko A.S., PepsiCo, Inc., Refresco Group B.V., Suntory Group, and The Coca-Cola Company.

About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

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Global Polycarbonate Sheets Market to reach $2.6 billion by 2031: Allied Market Research

Increase in demand for product roofing systems and the increased use for manufacturing mirrors, headlamps, and vehicle body parts drive the growth of the global polycarbonate sheets market.

Allied Market Research published a research report on the global polycarbonate sheets market. The findings of the report states that the global market for polycarbonate sheets generated $1.5 billion in 2021, and is estimated to reach $2.6 billion by 2031, manifesting a CAGR of 5.7% from 2022 to 2031. The research provides a detailed analysis of changing market dynamics, key investment pockets, major segments, and competitive scenario for new entrants, market players, and investors.
Eswara Prasad, the Manager for Materials & Chemicals at Allied Market Research, highlighted, “Increasing construction activities and growth in automotive and electrical & electronics industries boost the growth of the global polycarbonate sheets market. Also, benefits associated with polycarbonate sheets such as superior chemical as well as impact resistance of polycarbonate sheets propels the market growth. Further, growing demand for polycarbonate sheets for building greenhouse is predicted to provide lucrative opportunities for the global polycarbonate sheets market growth during the forecast period.”

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The report provides an extensive analysis of driving forces, restraining factors, and opportunities to assist market players in availing the valuable strategies. Increase in demand for product roofing systems and the increased use for manufacturing mirrors, headlamps, and vehicle body parts drive the growth of the global polycarbonate sheets market. However, hazardous environmental impacts of polycarbonate sheets restrain the market growth to some extent. However, the growth of the agriculture industry and surge in demand from developed nations are expected to create multiple opportunities.
The research offers an extensive analysis of the impact of the Covid-19 pandemic on the polycarbonate sheets market across the globe. Manufacturing activities of polycarbonate sheets stopped completely or partially due to lockdown measures. Moreover, disruptions in supply chain and shortage of raw materials presented many challenges in carrying out manufacturing with full capacity. However, the demand from the end-use industries such as electrical & electronics, automotive, aerospace, and others reduced significantly due to stoppage of daily operations during the lockdown. However, the demand is estimated grow steadily post-lockdown as operations get back on track.
The report provides an in-depth segmentation of the global polycarbonate sheets market based on type, end-use industry, and region. On the basis of type, the multiwall segment accounted for the highest market share in 2021, holding nearly two-fifths of the total market share, and is expected to maintain its lead position by 2031. On the other hand, the solid segment is projected to register the fastest CAGR of 6.0% during the forecast period.
On the basis of end-use industry, the electrical & electronics segment held the largest market share, contributing to more than one-third of the global polycarbonate sheets market in 2021, and is projected to maintain its leadership status during the forecast period. On the other hand, the aerospace and defense segment is estimated to showcase the highest CAGR of 6.5% from 2022 to 2031.

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Based on region, the market across Asia-Pacific contributed to the highest market share in 2021, accounting for more than three-fifths of the global polycarbonate sheets market, and will continue its dominance during the forecast period. In addition, the region is also expected to register the fastest CAGR of 6.4% from 2022 to 2031. The report also analyzes the regions including North America, Europe, and LAMEA.
The report analyzes the key market players operating in the global polycarbonate sheets market. These players include Covestro AG, Uvplastic Material Technology Co., Ltd., Polyvalley Technology Co., Ltd., Jiaxing Innovo Industries Co., Ltd., Emco Industrial Plastics, Tuflite, Exolon Group, Spolytech, Palram Industries Ltd., and MG Polyplast Industries Pvt. Ltd.

About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285 |UK: +44-845-528-1300 | Hong Kong: +852-301-84916 | India (Pune): +91-20-66346060 | Fax: +1-855-550-5975 Email” help@alliedmarketresearch.com
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Firewall-as-a-Service Market 2021: Rising with Immense Development Trends across the Globe by 2031

Rise in adoption of IoT and BYOD trends, the significant surge in malware and phishing threats among enterprises across the globe, an increase in demand for the cloud-based firewall as a service mode, and growth in the adoption of mobile device applications and platforms are expected to drive the growth of the global Firewall-as-a-Service Market. An increase in digital dependence and a surge in the number of cyber threats during the pandemic had a positive impact on the market.

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The report offers detailed segmentation of the global firewall-as-a-service market based on the service model, deployment model, enterprise size, industry vertical, and region. The report provides a comprehensive analysis of every segment and their respective sub-segment with the help of graphical and tabular representation. 

Based on the deployment model, the public cloud segment held the dominating market share in 2021, holding nearly three-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The hybrid segment, on the other hand, is expected to cite the fastest CAGR of 26.2% during the forecast period.

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Based on the industry vertical, the BFSI segment held the dominating market share in 2021, holding nearly one-fifth of the global market. On the other hand, the energy and utilities segment is expected to maintain its leadership status during the forecast period. However, the retail segment is expected to cite the fastest CAGR of 28.3% during the forecast period.

Based on the service model, the software as a service segment held the dominating market share in 2021, holding more than two-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The platform as a service segment, on the other hand, is expected to cite the fastest CAGR of 25.7% during the forecast period.

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Based on region, the market across North America held the dominating market share in 2021, holding nearly two-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The Asia-Pacific region, on the other hand, is expected to cite the fastest CAGR of 26.8% during the forecast period.

The key players analyzed in the global firewall-as-a-service industry include Amazon Web Services, Inc, Barracuda Networks, Inc., Cato Networks, Check Point Software Technologies Ltd., Cisco Systems, Inc., Forcepoint, Fortinet, IBM Corporation, Juniper Networks, Inc., McAfee Corp., Microsoft Corporation, Palo Alto Networks, SonicWall, Sophos Group plc, Trellix, WatchGuard, and Zscaler.

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COVID-19 Scenario:

  • The outbreak of the COVID-19 pandemic has had a positive impact on the growth of the global firewall-as-a-service market, owing to the occurrence of lockdown in various countries across the globe.
  • Stringent lockdown restrictions were imposed by the government to curb the spread of the virus during the pandemic.
  • Hence, internet penetration surged exponentially during this time, which in turn, remarkably impacted market growth.
  •  In addition, an increase in the number of start-ups across the globe and surge in the need for companies to safeguard against cyber threats is further expected to create remunerative opportunities for the growth of the market in the coming years.

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Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

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Visual Analytics Market Share Growing Rapidly with Recent Trends and Outlook By 2031

Significant surge in the adoption of advanced visualization technology, increase in demand for analytical tools among enterprises, prevalence of exponential growth in the volume and variety of business data are expected to drive the growth of the global visual analytics market. Increase in internet penetration and rise in reliance on digital channels during the COVID-19 pandemic had a positive impact on the market.

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The report offers detailed segmentation of the global visual analytics market based on offering, deployment model, application, enterprise size, industry vertical, and region. The report provides a comprehensive analysis of every segment and their respective sub-segment with the help of graphical and tabular representation.

Based on enterprise size, the large enterprises segment held the largest market share in 2021, holding nearly three-fourths of the global market, and is expected to maintain its leadership status during the forecast period. The SMEs segment, on the other hand, is expected to cite the fastest CAGR of 19.0% during the forecast period.

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Based on deployment model, the on-premise segment held the dominating market share in 2021, holding nearly three-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The cloud segment, on the other hand, is expected to cite the fastest CAGR of 17.0% during the forecast period.

Based on offering, the solution segment held the dominating market share in 2021, holding more than two-thirds of the global market, and is expected to maintain its leadership status during the forecast period. The service segment, on the other hand, is expected to cite the fastest CAGR of 18.0% during the forecast period.

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Based on region, the market across North America held the dominating market share in 2021, holding more than two-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The Asia-Pacific region, on the other hand, is expected to cite the fastest CAGR of 19.1% during the forecast period.

The key players analyzed in the global visual analytics market report include Alteryx, Inc., DataDeck, Data Clarity, Geckoboard Software, IBM Corporation, Locii Solutions Ltd., Microsoft Corporation, MicroStrategy Incorporated, Nexidia Inc., Oracle Corporation, Orbital Insight, Qlik, SAP SE, SAS Institute Inc., Tableau Software Inc., TIBCO Software Inc., and Ubiq.

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COVID-19 Scenario:

  • The outbreak of COVID-19 had had a positive impact on the growth of the global visual analytics market, owing to the occurrence of lockdowns in various countries across the globe.
  • Lockdowns resulted in the closure of various manufacturing facilities, leisure parks, physical stores, hotels, restaurants, traveling, and others.
  • In addition, all sorts of commercial and business workplaces were also closed, which enabled businesses to increasingly adopt advanced visual analytics technology to improve the overall growth of the company.
  • Besides, the visual analytics industry saw a boom in new investments due to the surge in the adoption of innovative technologies by prominent players. Thus, both businesses and customers both are becoming more reliant on digital channels that subsequently expanded the growth of the market.

Thanks for reading this article; you can also get an individual chapter-wise section or region-wise report versions like North America, Europe, or Asia.

If you have any special requirements, please let us know and we will offer you the report as per your requirements.

Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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  1. Crowd Analytics Market

About Us

Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

Contact:

David Correa

Portland, OR, United States

USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141

UK: +44-845-528-1300

Hong Kong: +852-301-84916

India (Pune): +91-20-66346060

Fax: +1(855)550-5975

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Web: https://www.alliedmarketresearch.com

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