A Market Place Research – Page 1385

Orthopedic Implants Market Qualitative Insights on Application & Outlook by Size, Share, Future Growth

North America accounted for the largest share of the global orthopedic implant market in 2020 and is expected to remain dominant during the forecast period. The reasons for this are the increasing use of technologically advanced implants, high awareness among patients, high healthcare costs, availability of trained medical professionals, increase in the number of product approvals and supportive reimbursement policies in the healthcare system as well as many hospitals, and clinics.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭@ https://www.alliedmarketresearch.com/request-sample/2175

Depending on the biomaterial, it is differentiated into metallic biomaterials, ceramic biomaterials, polymer biomaterials and others that include proteins and polysaccharides. The metallic biomaterials segment is segmented into stainless steel, titanium alloy, cobalt alloy and others. The metallic biomaterials segment is expected to account for the largest share in 2020 owing to the cost-effectiveness of these materials.

Orthobiologics segment is the fastest growing segment during the forecast period due to increasing demand for advanced treatments, minimally invasive procedures and increased awareness among patients about the use of orthobiologics.

Factors contributing to the growth of the global Orthopedic implant market are the prevalence of orthopedic injuries or diseases and rapid growth in the geriatric population. Additionally, innovations in technology, such as robot-assisted surgical devices, acceptance of implantable medical devices, and widespread use of orthopedic implants to treat musculoskeletal, orthopedic diseases and injuries are complementing the market growth.

𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲@ https://www.alliedmarketresearch.com/purchase-enquiry/2175

Biomaterials is projected to register the highest CAGR during the forecast period. This is due to the increasing demand for these materials due to the many advantages of synthetic biomaterials. These advantages may include biocompatibility, lack of toxicity, and specific protein binding sites and other biochemical signals that may aid in tissue healing or integration processes.

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:
• Jonhson and Johnson
• Arthrex, inc,
• Medtronic Plc,
• Globus Medical Inc,
• NuVasive, Inc,
• Smith and Nephew Plc,
• Stryker Corporation

𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:
Intraoral Scanners Market
Drug Repurposing Market

𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐁𝐥𝐨𝐠:
South Korea Healthcare IT Market Scenario on Growth Analysis along with Key Industry Players: https://southkoreahealthcarepress.blogspot.com/2022/10/south-korea-healthcare-it-market.html

South Korea Cannabis Testing Market Growth & Key Business Strategies: https://southkoreahealthcarepress.blogspot.com/2022/07/south-korea-cannabis-testing-market.html

South Korea Cosmetic Surgery Market: Advance Technological Development: https://southkoreahealthcarepress.blogspot.com/2022/07/south-korea-cosmetic-surgery-market.html

𝐀𝐕𝐄𝐍𝐔𝐄- 𝐀 𝐒𝐮𝐛𝐬𝐜𝐫𝐢𝐩𝐭𝐢𝐨𝐧-𝐁𝐚𝐬𝐞𝐝 𝐋𝐢𝐛𝐫𝐚𝐫𝐲 (𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐨𝐧-𝐝𝐞𝐦𝐚𝐧𝐝, 𝐬𝐮𝐛𝐬𝐜𝐫𝐢𝐩𝐭𝐢𝐨𝐧-𝐛𝐚𝐬𝐞𝐝 𝐩𝐫𝐢𝐜𝐢𝐧𝐠 𝐦𝐨𝐝𝐞𝐥) 𝐎𝐟𝐟𝐞𝐫𝐞𝐝 𝐛𝐲 𝐀𝐥𝐥𝐢𝐞𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

𝐆𝐞𝐭 𝐚𝐧 𝐚𝐜𝐜𝐞𝐬𝐬 𝐭𝐨 𝐭𝐡𝐞 𝐥𝐢𝐛𝐫𝐚𝐫𝐲 𝐨𝐟 𝐫𝐞𝐩𝐨𝐫𝐭𝐬 𝐚𝐭 𝐚𝐧𝐲 𝐭𝐢𝐦𝐞 𝐟𝐫𝐨𝐦 𝐚𝐧𝐲 𝐝𝐞𝐯𝐢𝐜𝐞 𝐚𝐧𝐝 𝐚𝐧𝐲𝐰𝐡𝐞𝐫𝐞. 𝐅𝐨𝐫 𝐦𝐨𝐫𝐞 𝐝𝐞𝐭𝐚𝐢𝐥𝐬, 𝐟𝐨𝐥𝐥𝐨𝐰 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤: https://www.alliedmarketresearch.com/library-access

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. 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. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. 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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Antimicrobial Coatings Market Size to Reach $11.0 Billion by 2030 | CAGR: 11.5%: AMR

According to the report published by Allied Market Research, the global antimicrobial coatings market generated $3.7 billion in 2020, and is projected to reach $11.0 billion by 2030, growing at a CAGR of 11.5% from 2021 to 2030.The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.

Extensive application of antimicrobial coatings in catheters, surgical devices, medical instruments & trays, and medical electronics so as to minimize the risk of spreading infections, remarkable perks of using antimicrobial coatings such as enhanced surface durability and appearance, improved corrosion resistance, suppression of microbial growth, and significant surge in the demand for antimicrobial coatings in the healthcare industry are expected to drive the growth of the global antimicrobial coatings market. On the other hand, stringent regulations on the emission of toxic contaminants are expected to hinder the growth to some extent. However, persistent technological advancements in antimicrobial coatings are expected to create ample opportunities for the industry.

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COVID-19 Scenario

The outbreak of COVID-19 has had a moderate impact on the growth of the global antimicrobial coatings market, owing to the presence of lockdowns in various countries across the globe. Lockdowns led to the closure of majority of end-users of antimicrobial coatings such as aviation, marine, food, healthcare, building & construction. This was due to the stringent restrictions imposed by the government so as to curb the spread of the virus during the pandemic.
On the other hand, increasing use of surface coating products such as antimicrobial coatings in healthcare centers, public transport, and other working environments during the pandemic is subsequently expected to recoup the growth of the market.

The report offers a detailed segmentation on the global antimicrobial coatings market based on type, end-use industry and region.

Based on type, the copper-based segment held the largest market share in 2020, garnering two-fifths of the total market. The silver-based segment, on the other hand, is predicted to cite the fastest CAGR of 12.1% during the forecast period.

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Based on end-user, the healthcare segment held the majority share in 2020, holding more than two-fifths of the total market. In addition, the same segment is anticipated to exhibit the fastest CAGR of 12.0% during the forecast period. Other segments analyzed in the report include Building & Construction, Food Service Packaging, Aviation, Marine, and Others.

Based on region, the market across Europe held the lion’s share in 2020, garnering nearly two-fifths of the total market. In addition, the same segment is projected to cite the fastest CAGR of 12.4% during the forecast period. Other regions analyzed in the market include North America, Asia-Pacific and LAMEA.

The key players analyzed in the global antimicrobial coatings report include Advanced Nanotech Lab (ANT Lab), Novapura AG, Axalta Coating Systems, LLC, Apogee Enterprises Inc., Akzo Nobel N.V., Sciessent LLC, Pylon Coatings, PPG Industries, Inc., The Sherwin Williams Company, and Nippon Paint Holdings.

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Drone Software Market to Generate $21.93 Billion by 2031

According to the report published by Allied Market Research, the global drone software market generated $5.96 billion in 2021, and is projected to reach $21.93 billion by 2031, growing at a CAGR of 14.5% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.

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The key players analyzed in the global drone software market report include MEASURE, Pix4D SA, PrecisionHawk, Inc., SENSEFLY, SHARPER SHAPE, SKYCATCH INC, Skydio, Sky-Future, AirMap Inc, Delair, DJI Technology, DroneBase, DroneDeploy, ESRI, Kespry Inc., Skyward IO (Verizon Company), Yuneec, and others.

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Based on region, the market across Asia-Pacific held the lion’s share in 2021, holding around one-third of the global market, and is expected to maintain its leadership status during the forecast period. The Europe region, on the other hand, is expected to cite the fastest CAGR of 16.0% during the forecast period. The report also analyses other regions such as North America and LAMEA.

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Based on architecture, the open-source segment held the largest market share in 2021, holding more than half of the global market. The closed source segment, on the other hand, is expected to cite the fastest CAGR of 15.2% during the forecast period, and is expected to maintain its leadership status during the forecast period.

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COVID-19 Scenario:

The outbreak of COVID-19 had a negative impact on the growth of the global drone software market, owing to the occurrence of lockdowns in various countries across the globe.
Lockdowns resulted in the closure of various manufacturing facilities including those of drones, which adversely affected its demand during the pandemic. This was majorly due to the stringent social distancing restrictions imposed by the government to significantly curb the spread of the virus during the pandemic.
More and more drone manufacturers faced revenue crunch during this unprecedented time. In addition, the maintenance costs of drones surged, which negatively impacted its demand.
Besides, there was huge financial and economic crisis among nations during the pandemic, and hence reduced GDP of major economies such as the U.S., the U.K., China, France, India, Germany, and others. In 2020, there was a drop in investment in the aerospace and defense industry. This reduction in aerospace and defense spending further aggravated the growth of the market.
However, the market is expected to recoup soon.

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Similar Reports We Have on Drone Industry:

Firefighting Drone Market By Type (Fixed-Wing Drones, Multi-Rotor Drones, And Single Rotor Helicopter Drones) and Industry (Corporates, Hospitality, Education, Military & Defense, Government, And Energy & Utilities): Global Opportunity Analysis and Industry Forecast, 2020–2030.

Underwater Drone Market by Type (Remotely Operated Vehicle (ROV), Autonomous Underwater Vehicles (AUV), and Hybrid Vehicles), Application (Defense & Security, Scientific Research, Commercial Exploration, and Others), Propulsion System (Electric System, Mechanical System and Hybrid System), and Product Type (Micro, Small and Medium, Light Work-Class, and Heavy Work-Class): Global Opportunity Analysis and Industry Forecast, 2020–2030.

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. AMR 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.

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

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Helicopters Market to Reach $39.87 Billion, Globally, by 2031 at 7.3% CAGR

Allied Market Research published a report, titled, “Helicopters Market by Type (Civil and Commercial, Military), by Weight (Lightweight, Medium Weight, Heavy Weight), by Number of Engine (Twin Engine, Single Engine), by Application (Emergency Medical Service, Oil and Gas, Defense, Homeland Security, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031.” According to the report, the global helicopters industry generated $20.36 billion in 2021, and is expected to reach $39.87 billion by 2031, witnessing a CAGR of 7.3% from 2022 to 2031.

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Leading Market Players

Airbus
Bell Textron Inc.
Helicopteres Guimbal
Kaman Corporation
Kawasaki Heavy Industries Ltd.
Leonardo SpA
MD Helicopters Inc.
Mitsubishi Heavy Industries Ltd
Robinson Helicopter Company
The Boeing Company

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Based on region, North America contributed to the highest market share in 2021, holding more than two-fifths of the global helicopters market, and is expected to maintain its lead status by 2031. This is due to increase in production activities of helicopters in the U.S. and upgrade activities of the existing fleets. However, Asia-Pacific is projected to register the fastest CAGR of 10.3% from 2022 to 2031, owing to surge in procurement and development of advanced helicopter systems by several Asian nations such as India, China, Japan, and others.

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Based on number of engine, the twin engine segment contributed to the highest market share in 2021, accounting for nearly two-third of the global helicopters market, and is expected to maintain its dominant share during the forecast period. Moreover, this segment is projected to manifest the fastest CAGR of 7.9% from 2022 to 2031. This is due to safety and high-speed provided by twin engine helicopters and their ability to travel long distances and quiet operations. The research also analyzes the single engine segment.

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Covid-19 Scenario

Manufacturing activities of helicopters were stopped completely or partially due to unavailability of raw materials and closure of factories due to lockdown restrictions. Moreover, supply chain disruptions impacted the manufacturing activities as there was a ban on import-export activities in many countries.
The development of advanced helicopter systems was hindered due to lack of continuity in operations. Moreover, economic uncertainty occurred across the world, which, in turn, led helicopter manufacturers and investors to postpone manufacturing activities until the market stabilizes.
Upgrade of existing fleets was either postponed or canceled due to reduced demand for helicopters from across the world. Many businesses and wealthy people suffered losses and declined their spending on leisure activities.
Owing to ban on tourism activities, the usage of helicopters declined considerably during the pandemic. However, the usage for emergency services increased during the pandemic.

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Commercial Helicopter Market by Type (Light, Medium, and Heavy), by Application (Medical Services, Material management, Surveillance, Law Enforcement, Public Safety, Training and Flight Operations, Transportation, Search & Rescue Operations, Offshore Operations, and Connected Servies), by Distribution Channel (OEM and Aftermarket), and by End User (Energy sector, Tourism sector, Healthcare sector, Transportation sector, Private & business aviation, Disaster management industry, and Government Agencies): Global Opportunity Analysis and Industry Forecast, 2020–2030.

Helicopter Flight Control Systems Market by Application (Commercial Aviation, Business Aviation, Military Aviation and Others), Platform (Rotary Wing and Fixed Wing), Technology (Hydro-mechanical Systems, Artificial Feedback and Others), and End Use (Retrofit and Linefit) 2021-2030.

Customer Journey Analytics Market Growth Factor, Trends and Forecast to 2030 | Registering a CAGR of 18.8%

Increase in demand for consistent customer support throughout business interaction, availability of real-time data, and expansion of the retail industry fuel the growth of the global customer journey analytics market.

On the other hand, complexity in overall data synchronization and data privacy impedes growth to a certain extent. Nevertheless, a focus on virtual touchpoints is expected to create lucrative opportunities for the key players in the industry.

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Based on deployment, the on-premise segment contributed to nearly two-thirds of the global customer journey analytics market share in 2018 and is expected to rule the roost by the end of 2026.

This is due to its integration capability with in-house analytics tools. Simultaneously, the cloud segment would cite the fastest CAGR of 24.1% during 2019–2026. The rise in cloud migration among various industries across the globe has boosted the growth of the segment.

Based on application, the campaign management segment held the major share in 2018, generating nearly one-fourth of the global customer journey analytics market, owing to the rise in e-commerce businesses.

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At the same time, the product management segment would showcase the fastest CAGR of 23.3% throughout the forecast period. An increase in investment in innovative products or services has driven the growth of customer journey analytics solutions at a significant rate.

Based on geography, North America accounted for more than one-third of the global customer journey analytics market revenue in 2018 and is projected to dominate during the study period. Data-driven customer experience has garnered high demand in this region. This has led to hyper-competitive economy strategies among which analytics has gained high momentum.

Simultaneously, the region across Asia-Pacific would register the fastest CAGR of 22.0% by 2026. The emergence of new technologies and trends, especially those associated with the advent of the industrial revolution and digitization are rapidly evolving in this province and shaping a robust digital ecosystem that supports digital businesses.

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The global customer journey analytics market report includes an in-depth analysis of the prime market players such as Acxiom LLC., Adobe Systems, Inc., BryterCX, IBM Corporation, Nice Ltd., Pointillist, Quadient, Salesforce.com, Inc., SAP SE, and Verint Systems.

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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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Predictive Analytics Market

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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. AMR 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 in making strategic business decisions and achieving sustainable growth in their respective market domains.

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Location Analytics Market is Expected to Observe Considerable Growth Opportunities to 2027

According to the report published by Allied Market Research, the global location analytics market was pegged at $10.29 billion in 2019 and is expected to garner $31.13 billion by 2027, manifesting a CAGR of 15.5% from 2020 to 2027.

The growth of the global location analytics market is mainly driven by the proliferation of smartphones and the upsurge in the usage of GPS-enabled devices.

In addition to this, factors such as growing usage of spatial data and analytical tools, increasing adoption of location analytics for asset management across various industries, and rise in adoption of location analytics in retail sector fuels the market growth.

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Moreover, an increase in the adoption of location-based services during the COVID-19 pandemic fueled the market growth. However, consent and privacy concerns may hamper the market growth to some extent.

On the other hand, emergence of advanced technologies in the field of GIS, and integration of AI with location analytics is expected to provide lucrative opportunities for the location analytics market growth during the location analytics market forecast period.

Impact of the Covid-19 Pandemic on the Location Analytics Market:

The adoption of location analytics has increased during the outbreak of COVID-19 mainly to understand the impact of COVID-19 on consumer behavior and the economy.
On the other hand, healthcare systems have experienced an extraordinary level of demand for location data, with multiple countries having to inspect medical facilities, including primary care clinics, hospitals, and retirement homes to examine care capacity and vulnerability.

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Based on components, the software segment dominated the market with more than three-fifths of the global market share in 2019, and is projected to lead by the end of 2027. However, the services segment is expected to exhibit the fastest CAGR of 16.8% throughout the forecast period.

Based on industry vertical, the transport and logistics segment held lion’s share, holding nearly one-fifth of the global location analytics market revenue in 2019, and is expected to be dominant by 2027. On the other hand, the healthcare segment is anticipated to manifest the fastest CAGR of 22.4% from 2020 to 2027.

Based on geography, the market across North America held the major share in 2019, with around two-fifths of the global market. Conversely, the Asia-Pacific region is projected to portray the fastest CAGR of 18.8% during the forecast period. The report also studies regions including Europe and LAMEA.

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Major market players profiled in the report include Microsoft Corporation, Oracle Corporation, Pitney Bowes, Sisense Inc., Syncsort, Trimble Inc., Alteryx, Esri, Google LLC, HERE Technologies, and Hexagon.

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Video-as-a-Service (VaaS) Market New Highs – Current Trends and Growth Drivers Along with Key Industry Players

According to a recent report published by Allied Market Research, the global video-as-a-service (VaaS) market size was valued at $4.27 billion in 2020 and is projected to reach $14.65 billion by 2030, growing at a CAGR of 13.2% from 2021 to 2030.

The rapid increase in demand for real-time and remote access video services and the surge in adoption of video conferencing solutions by large enterprises to support global operations drive the growth of the global video-as-a-service (VaaS) market.

Video-as-a-service (VaaS) provides a wide range of services such as broadcasting video communication, video conferencing, video content management, and real-time video monitoring. Furthermore, the global video-as-a-service (VaaS) industry is in its nascent phase and exhibits high growth potential.

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In addition, the non-feasibility of surveillance professionals to manually track & detect suspicious incidents from a large number of video data produced, the growth in concerns over safety & security, and the need to obtain actionable insights from the huge amounts of video data generated from multiple video sources are expected to propel the video-as-a-service (VaaS) market growth during the forecast period.

By deployment model, the public cloud segment dominated the video-as-a-service (VaaS) market in 2020, and is projected to maintain its dominance during the forecast period. The increase in the adoption of public cloud is majorly driven by rising in the need for elasticity in the services.

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Additional expenses of the firms can be slashed by using public clouds, as it is possible to pay only for those resources, which are being utilized by the company. This benefit acts as a driving force for public clouds in the video-as-a-service (VaaS) market forecast period.

Region-wise, North America dominated the market in 2020, and is expected to maintain this video-as-a-service (VaaS) market trend during the forecast period. The growth in demand for public safety and the increase in the need for actionable insights contribute toward the growth of video-as-a-service (VaaS) in this region.

However, Asia-Pacific is expected to grow at the highest CAGR during the forecast period, due to a surge in population, an increase in internet penetration, a rise in the proliferation of video cameras for surveillance & security reasons, and strong economic growth in emerging economies.

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Demand for video-as-a-service (VaaS) has increased considerably during the COVID-19 pandemic. The rise in the number of patients across the globe has led to a significant increase in the video-as-a-service (VaaS) market size, owing to the closing of workplaces & industries such as manufacturing.

Furthermore, many companies are preferring cloud-based virtual meetings to increase their customer base and enhance their market share. As a result, these major factors propelled the growth of the video-as-a-service (VaaS) industry during the pandemic situation.

The key market players analyzed in the global Video-as-a-Service (VaaS) market report include Avaya Inc., Blue Jeans Network, Inc., Cisco Systems, Inc., Huawei Technologies Co., Ltd., LogMeIn, Inc., Plantronics, Inc., Zoom Video Communications, Inc., Premiere Global Service, Inc., Amazon Web Service, Inc., and RingCentral, Inc. These market players have adhered to several strategies including partnership, expansion, collaboration, joint ventures, and others to prove their flair in the industry.

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Fragrance Ingredients Market Top Growth Companies Global Growth, Size, Trends, Industry Analysis, Key Players by 2027

Allied Market Research published a report, titled, “Fragrance Ingredients Market by Type (Natural Ingredients and Synthetic Ingredients) and Application (Hair care, Personal Care, Fabric care, and Others): Global Opportunity Analysis and Industry Forecast 2020–2027.” According to the report, the global fragrance ingredients industry generated $13.6 billion in 2019, and is expected to generate $16.1 billion by 2027, witnessing a CAGR of 3.8% from 2020 to 2027.

Prime determinants of growth

Increase in usage of personal care products, rise in consumption of eco-friendly, natural, and custom-made fragrances, and supportive R&D initiatives by governments drive the growth of the global fragrance ingredients market. However, rise in manufacturing costs and harmful side effects of chemical ingredients in perfumes such as skin problems and allergies restrain the market growth. Contrarily, ongoing product innovations and rise in product advertisements across various social media platforms create new opportunities in the coming years.

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Covid-19 Scenario

The lockdown in several countries resulted in halt in operational, manufacturing, and distribution activities of personal care and beauty products across the world. This resulted in decline in demand for fragrance ingredients.
Travel restrictions, ban on slow export-import activities, and disrupted supply chain created a huge supply-demand gap in some sectors such as retailers and salons & spas.
However, the demand for manufacturing sanitizers, soaps, disinfectants, and other products has been increased significantly with the rise in demand for these products during the Covid-19 pandemic.

The natural ingredients segment to register the fastest growth rate

Based on type, the natural ingredients segment is expected to grow at the highest CAGR of 4.3% from 2020 to 2027, owing to preference of consumers toward therapeutic benefits of essential oils in aromatherapy and increase in spending on beauty and personal care products. However, the synthetic ingredients segment contributed to the largest market share in 2019, accounting for more than four-fifths of the global fragrance ingredients market, and is projected to maintain its lead position during the forecast period. This is due to synthetic fragrances being richer and more intense and versatile in composition as compared to natural aromas.

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The personal care segment to continue its dominant share in terms of revenue by 2027

Based on application, the personal care segment held nearly three-fifths of the global fragrance ingredients market in 2019, and is expected to continue its dominant share in terms of revenue during the forecast period. This is due to rise in brand-conscious consumers and extravagant spending on luxury goods such as perfumes. However, the hair care segment is estimated to register the fastest CAGR of 4.1% from 2020 to 2027, owing to increase in incorporation of fragrance ingredients in hair care products to advance product quality.

Asia-Pacific, followed by North America, to maintain its highest share by 2027

Based on region, Asia-Pacific, followed by North America, contributed to the highest market share with more than one-third of the global fragrance ingredients market in 2019, and is expected to maintain its highest share by 2027. Moreover, this segment is expected to register the fastest CAGR of 4.7% from 2020 to 2027. This is due to increase in urbanization along with huge presence of personal care, hair care, and fabric care sectors.

Leading Market Players

Fermenich International SA
Fine Fragrances Private Limited
Givaudan SA
International Flavors & Fragrances Inc.
Kalpsutra chemicals Pvt. Ltd.
Mane SA
S H Kelkar and Company Limited
Symrise
Takasago International Corporation
Treatt

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Superalloy Honeycomb Materials Market to Generate $2.4 Billion by 2027 | Major Companies, Strategies and New Trends

According to the report published by Allied Market Research, the global superalloy honeycomb materials market generated $1.4 billion in 2019, and is estimated to reach $2.4 billion by 2027, registering a CAGR of 7.6% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios.

Surge in demand for excellent strength-to-weight ratio and lightweight vehicles across the globe drive the growth of the global superalloy honeycomb materials market. However, high cost associated with the base materials used for developing the superalloys honeycomb materials restrains the market growth. Furthermore, technological development in 3D printing technologies is expected to provide new growth opportunities in the near future.

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Covid-19 scenario:

Superalloy honeycomb materials manufacturers across North America and Asia-Pacific have halted their production due to disrupted supply chain.
Amid ongoing growing military tension between China and India, India has increased production of defense equipment to meet the growing demand of armed forces, boosting the need for superalloy honeycomb materials.
In addition, the automotive industry across the Asia-pacific region has resumed its operations as governments of various countries such as China and India are now lifting the lockdown gradually to start industrial activities. The report offers detailed segmentation of the global superalloy honeycomb materials market based on material type, application, and region.

Based on material type, the nickel segment contributed to the largest share in 2019, accounting for nearly four-fifths of the total share, and is estimated to maintain its dominant position during the forecast period. However, the stainless steel segment is estimated to portray the highest CAGR of 9.4% during the forecast period.

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Based on application, the aerospace & defense segment accounted for the largest share in 2019, holding more than half of the total share, and is expected to maintain the largest share throughout the forecast period. However, the automotive segment is expected to register the highest CAGR of 8.9% from 2020 to 2027.

Based on region, North America contributed the highest share, accounting for more than two-fifths of the total market share in 2019, and will maintain its dominance throughout the forecast period. However, Asia-Pacific is also expected to grow at the highest CAGR of 8.2% from 2020 to 2027.

Leading market players analyzed in the research include Haynes International, Oerlikon Metco, Hamilton Precision Metals (Ametek), Rotec, Quality Honeycomb, Hi Tech Honeycomb, Chromalloy Gas Turbine, LLC, Allegheny Technologies, Inc., Indy Honeycomb, Forged Solutions Group, and Howmet Aerospace, Inc.

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Compostable Plastic Market to witness 15.4% CAGR over 2022-2027 with $3.10 Billion revenue: AMR

Allied Market Research published a report, titled, “Compostable Plastic Market by Type (Home Compostable Plastic [BioPBS FD92, BWC BF 90A, Ecopond Flex 162], and others), and by Application (Compostable cutlery, Compostable bag, Compostable straw, Compostable gloves, Compostable cup (cold cup), Compostable tray/dish): Opportunity Analysis and Industry Forecast, 2020–2027.” According to the report, the global compostable plastic industry generated $991.2 million in 2019, and is expected to reach $3.10 billion by 2027, portraying a CAGR of 15.4% from 2020 to 2027.

Prime determinants of growth:

Surge in adoption of compostable plastics due to its eco-friendly nature, increase in demand in food packaging applications, and supportive government policies drive the growth of the global compostable plastic market. However, expensive nature of compostable plastic hinders the market growth. On the other hand, declining dependency on petroleum resources and surge in corporate social responsibility (CSR) activities create new opportunities in the coming years.

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COVID-19 Scenario

With safety measures becoming essential in sectors such as packaging and food & beverages in which probability of transmission of COVID-19 is high, usage of compostable plastic has been increased considerably.
Consumers have been giving preference to compostable plastic packaging over conventional plastic packaging to maintain safety and save the environment.
Retailers and physical store owners have been offering compostable gloves to customers during shopping as a preventive measure as the lockdown restrictions have been lifted off.

The home compostable plastic segment to grow the fastest through 2027

By type, the home compostable plastic segment is estimated to witness the fastest CAGR of 17.5% from 2020 to 2027, owing to its non-toxic properties and rapid decomposition into water, carbon dioxide, and biomass. However, the others segment contributed to the highest share of the global compostable plastic market in 2019, holding nearly four-fifths of the total share, and will continue its lead position during the forecast period. This is due to high penetration of compostable bioplastics over petroleum-based plastics in different industrial applications.

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The compostable bag segment to maintain the highest revenue contribution by 2027:

By application, the compostable bag segment held the largest market share of the global compostable plastic market in 2019, contributing to nearly half of the total share, and is estimated to maintain the highest contribution throughout the forecast period. This is due to increase in demand for eco-friendly bags in supermarket and online shopping stores. However, the compostable gloves segment would witness the largest CAGR of 16.1% during the forecast period. This is due to rise in application of compostable gloves in the food and bakery industries.

Europe, followed by North America, to maintain its leadership status during the forecast period:

Based on region, Europe, followed by North America, accounted for the largest share, contributing for nearly three-fifths of the total share of the global compostable plastic market in 2019, and will maintain its lead status during the forecast period. This is due to rise in application of compostable plastics in packaging of vegetables and fruits in the region. However, LAMEA is estimated to portray at the largest CAGR of 18.3% from 2020 to 2027, owing to huge number of imports from Asia-pacific and North America regions and expansion of manufacturing facilities.

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Market players grabbing largest pie

BASF SE
Novamont S.p.A.
Dow Inc.
Natureworks
Plantic
Biome Technologies plc
Corbion N.V.
Eastman Chemical Company
Mitsubishi Chemical Holdings
Danimer Scientific

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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.