A Market Place Research – Page 2623

High Performance Ceramic Coatings Market to Garner $12.63 Bn by 2026

Allied Market Research recently published a report, titled, “High Performance Ceramic Coatings Market by Product Type (Oxide Coating, Carbide Coating and Nitride Coating), Technology (Thermal Spray, Physical Vapor Deposition, Chemical Vapor Deposition, and Other Technologies), and End-Use Industry (Automotive, Aerospace & Defense, General Industrial Tools & machinery, Healthcare, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026″. According to the report, global high-performance ceramic coatings market was pegged at $7.84 billion in 2018 and is anticipated to garner $12.63 billion by 2026, registering a CAGR of 6.2% from 2019 to 2026.

Rise in demand for automobiles, increasing aerospace application, and surge in usage in medical devices are the major factors that drive the growth of the global high-performance ceramic coatings market. However, high cost of ceramic coating hampers the market growth. On the contrary, rapid advancements in plasma spray coating are expected to create lucrative opportunities in the near future.

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Oxide coating segment held lion’s share-

The oxide coating segment dominated the market in 2018, contributing to more than two-fifths of the market, owing to its increased use in automotive industry and rise in disposable income as well as the standard of living of consumers. However, the nitride coating segment is anticipated to register the fastest CAGR of 6.5% through 2019–2026. The report also includes analysis of the carbide coating segment.

Thermal spray dominated the market-

The thermal spray segment held the largest share in 2018, accounting for more than one-third of the market, as it provides electrical insulation, lubricity, high or low friction, sacrificial wear, chemical resistance and extends the life of new components. However, the chemical vapor deposition segment is projected to portray the fastest CAGR of 6.5% from 2019 to 2025, as it is used in the semiconductor industry to produce high quality, high-performance, solid materials.

North America region to manifest fastest CAGR –

The market across North America is estimated to register the fastest CAGR of 6.5% during the study period, owing to the presence of the largest automobile, aerospace, and defense manufacturers. However, the market across Asia-Pacific region held the largest share in 2018, accounting for nearly half of the market, owing to rapid industrialization across the region and ability of high-performance ceramic coatings to prevent rust and oxidation of engine components, which has boosted its demand in various industries. The report includes analysis across other regions such as Europe and LAMEA.

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Major market players-

The market report provides an in-depth analysis of the key market players such as Aremco Products, Inc., Akzo Saint-Gobain, Praxair Surface Technologies, Inc., Ceramic Polymer GmbH, Cetek Ceramic Technologies Ltd., DowDuPont, Bodycote Plc, APS Materials Inc., Kurt J. Lesker Company Ltd., and A&A Coatings.

Bio Plasticizers Market Emerging Trends and Will Generate New Growth Opportunities

According to a new report published by Allied Market Research, titled, “Bio plasticizers Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2014–2022,“ the global market was valued at $1,364 million in 2015, and is projected to reach $1,709 million by 2022, growing at a CAGR of 3.3% from 2016 to 2022. The epoxides type held more than half of the global bio plasticizers market in 2015.

Bio plasticizers are additives applied in polymers & other materials to enhance their softness, flexibility, and processability. The main raw materials for these include soybean oil, linseed oil, castor oil, and more. The global bio plasticizers market is segmented based on type, application, and geography. The application segment includes flooring & walls, film & sheet coverings, wires & cables, coated fabrics, consumer goods, and others. The others segment includes medical, inks, waxes, sports related articles, and adhesives & sealants.

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Emerging applications of bio plasticizers in various end-user industries and high demand for bio-based & non-phthalate plasticizers in different regions are major factors expected to drive the market growth. However, high cost of these restrain the global bio plasticizer market. Increase in demand for bio plasticizers for certain products, such as personal care cosmetics, toys, food contact materials, health care commodities, and others, are expected to create growth opportunities for various players in the market. Also, R&D on to obtain beneficial and economical bio plasticizers is anticipated to bring great opportunity for the market.

Epoxides and glycerol esters are expected to grow at the highest CAGR throughout the analysis period, due to their remarkable properties including non-toxic nature, high efficiency, improved heat stability, lower volatility, and others. These are employed in automotive, adhesive & sealants, paints & coatings, and other end uses.

In 2015, the epoxide bio plasticizers covered maximum share of the market in terms of revenue followed by sebacates-a castor oil based plasticizer. This trend is expected to be followed during the forecast period as well, owing to the superior properties and ease of availability of these bio plasticizers. Another factor that supports their development is lesser cost compared to other types of bio plasticizers. The main applications employing bio plasticizers include floorings & walls and wires & cables. Moreover, the wires & cables application segment accounted for second largest market share in 2015, and is expected to grow at the CAGR of 2.7% during the forecast period.

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In 2015, Asia-Pacific and LAMEA collectively accounted for more than half of the global bio plasticizers market, with lucrative CAGR and are expected to continue this trend. This is attributed to upsurge in construction & packaging industries, specifically in China, India, Brazil, and other developing economies. Growth in urbanization & industrialization are the main reasons for growth of the bio plasticizers market in Asia-Pacific.

The major companies profiled in the report include Bioamber Inc., DuPont, DOW Chemical Company, Emery Oleochemicals, Evonik Industries, Lanxess AG, Matrìca S.p.A., Myriant Corporation, PolyOne Corporation, and Vertellus Holdings LLC.

Fiber Reinforced Plastic (FRP) Pipes Market to hit $3,557 million by 2023

Fiber Reinforced Plastic (FRP) Pipes Market was over $2,080 million in 2016, and is projected to reach $3,557 million by 2023, growing at a CAGR of 8.1% from 2017 to 2023, According to a new report published by Allied Market Research. The chemical and industrial segment accounted for more than two-fifths of the global market in 2016.

In 2016, Asia-Pacific and North America collectively accounted for nearly 62% of the global market, in terms of volume, and are expected to continue this trend during the forecast period, owing to increase in investments by the governments of developing economies such as China, India, and Indonesia. Moreover, development of the global construction industry, increase in per capita incomes, and growth in overall consumer expenditure drive the growth of the Asia-Pacific market.

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Increase in demand for lightweight piping solutions coupled with growth in awareness among consumers regarding beneficial advantages of FRP pipes fuel the growth of the global fiber reinforced plastic (frp) pipes market. Moreover, rapid increase in the demand for high performance and corrosion free pipes especially in oil & gas industry and rise in investment by governments of developed and developing economies to improve the overall wastewater treatment facilities are expected to boost the market growth. Also being a versatile material, composites are used in various rapidly growing markets such as construction, industrial, chemical, and power generation, which also drives the growth of the market. Increase in demand for temperature resistant piping solutions as well as rise in per capita disposable incomes are projected to accelerate the overall fiber reinforced plastic (frp) pipes market growth. However, volatile raw material prices as well as high cost of carbon fiber hamper the market growth.

The term FRP pipe refers to piping systems constructed of polymers reinforced with fibers. FRP pipes are widely employed across several end-use applications, such as construction, water and wastewater treatment, and oil & gas. Moreover, FRP pipes possess natural damping capabilities owing to excellent damping properties of polyester, polyurethane, and epoxy resins. Also, the strength to weight ratio and fatigue endurance of FRP pipes are some of the major attributes related to the replacement costs as well as capability to design high performance and lightweight piping systems. FRP pipes can be easily fabricated over a broad range of complex shapes and sizes, which cannot be easily achieved in steel and cement pipes. Furthermore, low cost maintenance is another key advantage associated with FRP pipes since composites do not undergo the corrosive attacks.

The chemical and industrial segment accounted for nearly two-fifths of the global market, in terms of volume, in 2016. The demand for FRP pipes has increased owing to rise in demand for cost-effective and corrosion and temperature resistant pipes in chemical industry. Thus, increase in requirement of temperature and corrosion resistant pipes and rise in demand for lightweight pipes for construction activities is anticipated to boost the fiber reinforced plastic (frp) pipes market growth.

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Key Findings of the FRP Pipe Market:

• The epoxy and polyurethane segments are anticipated to grow at the highest CAGR during the analysis period.
• The chemical & industrial application segment accounted for the highest share in the market and is anticipated to maintain its dominance throughout the forecast period growing at a CAGR of 8.2%.
• Asia-Pacific is projected to maintain its lead position from 2017 to 2023, growing at a CAGR of 7.4%, in terms of volume.
• The filament winding process segment dominated the market in 2016 and is expected to maintain its dominance throughout the forecast period, registering a CAGR of 8.2%, in terms of value.
• The epoxy segment occupied for nearly half of the total market in 2016.
• China occupied for around two-fifth share of the Asia-Pacific market in 2016.
• In terms of value, Korea is expected to grow at a significant CAGR of 7.8% during the forecast period.

The major companies profiled in the fiber reinforced plastic (frp) pipes market report include Chemical Process Piping Pvt Ltd., Amiantit Company, Hobas, HengRun Group Co. Ltd., Ershing Inc., Sekisui Chemicals, China National Building Material Company Limited, Future Pipe Industries, National Oilwell Varco, and Sarplast SA.

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Workplace Wellness Market Overview and Industry Growth, and Industry Growth Forecast – 2028

Increase in prevalence of chronic diseases and rise in awareness and implementation of wellness programs by employers drive the growth of the North America workplace wellness market. On the other hand, the huge cost that’s levied to companies impede the growth to some extent. However, significant growth potential in tele-health and telemedicine services is expected to pave the way for multiple opportunities in the industry.

According to the report published by Allied Market Research, the North America Workplace Wellness Market was pegged at $15.75 billion in 2020 and is estimated to hit $24.29 billion by 2030, registering a CAGR of 5.9% from 2020 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.

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COVID-19 scenario-

Laying off employees in the form of cost cutting has reduced workplace wellness employee enrollments in North America, which in turn has impacted the workplace wellness market negatively.
However, factors such as increasing modification in the workplace wellness schemes and surge in work-related stress due to work from home obligations since, employees are finding it difficult to maintain the work-life balance are expected to help the market revive soon.

Onkar Sumant, a Manager, Healthcare at Allied Market Research, stated, the workplace wellness market is anticipated to witness a significant growth in the future. The most adopted type of workplace wellness programs include health screening & assessments including standard tests such as total cholesterol, LDL (low-density lipoproteins), HDL (high-density lipoproteins), triglycerides, glucose, and body composition (BMI, waist circumference, and body fat percentage). Moreover, there is a steady increase in such programs in developing economies, which further propels the market growth. Further, North America dominated the global market, owing to increase in adoption of wellness programs by companies, presence of more large-scale organizations, and awareness among employers toward maintenance of the wellbeing of their employees.

Significant increase in prevalence of chronic diseases across the globe and adoption of sedentary lifestyle are the major factors that drive growth of the workplace wellness market. In addition, economic benefits offered by these programs and rise in awareness and implementation of wellness programs by employers further propel the workplace wellness market growth.

The leading market players analyzed in the North America workplace wellness market report include Alphabet Inc., Healthy Contributions LLC., Novant Health, Marino Wellness, LLC., Compsych Corporation, Marlin Equity Partners, LLC (Virgin Pulse, Inc.), Modern Life, Inc. (Modern Health), Wellable Inc., Concierge Health, and Virtual Health Partners Inc. These market players have adopted different strategies including partnership, expansion, collaboration, joint ventures, and others to reinforce their status in the industry.

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Commercial Boiler Market Growth Accelerating at a Rapid Pace due to Innovative Strategies

Surge in emphasis on reducing greenhouse gas (GHG) emissions, as well as the enactment and strengthening of emission limits, are some of the major drivers driving the demand for energy efficient commercial boilers. Governments and investors are constantly focusing on the deployment of energy efficient equipment and the creation of commercial infrastructure that is both economically and environmentally sustainable. For example, the European Commission (EC) launched a Voluntary Reporting Framework Level(s) in 2017 to increase building sustainability.

Global commercial boiler market size was valued at $1.9 billion in 2020, and is projected to reach $2.8 billion by 2030, growing at a CAGR of 4.2% from 2021 to 2030. A commercial boiler is a durable and dependable piece of heating equipment. It has a number of advantages, including energy efficiency, cleaner operations, and compliance with environmental regulations. Product adoption is expected to increase in the next years by a shift in preference toward reliable and energy efficient systems, as well as rise in customer demand for inexpensive heating solutions.

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The global commercial boiler market is segmented into fuel type, technology, capacity, end user, and region. By fuel type, the commercial boiler market is divided into oil, natural gas, coal, and others. Natural gas consumption has increased in comparison to other fuels as a result of the government’s priority of natural gas, which has resulted in a rise in demand for natural gas in commercial boilers.

By technology, the non-condensing commercial boiler market is anticipated to witness robust growth subject to government mandates to reduce the greenhouse gas emissions.

By capacity, the market is divided into less than 10 MMBtu/hr, 10-50 MMBtu/hr, 50-100 MMBtu/hr, 100-250 MMBtu/hr, and more than 250 MMBtu/hr. The less than 10 MMBtu/hr segment held the largest market share in 2020. These products are widely deployed across offices, retail stores, healthcare and lodging for heating applications.

By end user, the commercial boiler market for hospitals is anticipated to witness a strong growth on account of growing demand for hot water for sterilization of medical instruments, sheets and for space heating.

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The commercial boiler market in the Europe is projected to be driven by a growing preference for environmentally friendly energy products, which is in line with legislation aimed at reducing carbon emissions.

The major companies profiled in this commercial boiler industry include A.O. Smith Corporation, Bosch Thermotechnology, Cochran Limited, Cleaver-Brooks, Fulton Boiler Company, Parker Boiler, Slant/Fin Corporation, Superior Boiler Works, Inc., Vaillant Group, and Weil-McLain.

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Covid-19 Scenario:

Manufacturing activities have been stopped partially or completely due to lack of raw material availability and disruptions in the supply chain with lockdown restriction implemented by governments of many countries.
The worldwide lockdown also restricted the activities of educational institutions, lodging, and many other sectors, which in turn, declined the demand for commercial boiler.
The demand is expected to rise during the post-lockdown as daily operations across end user industries resume with full capacity.

About us:

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.

Underfloor Heating Market Report- Demand, Cost Structures, Latest trends, and Forecasts to 2030

The Canadian government policies for permanent residency for immigrants have led to the boom of residential construction which has been a significant factor in driving the growth of the underfloor heating market. The increase in awareness among the individuals in regards to the application of underfloor heating equipment to improve the standard of living has boosted the demand for this product. High upfront cost such as installation and improper awareness among the people regarding the underfloor heating equipment is major factor hampering the growth of the market.

Global underfloor heating market size was valued at $4.30 billion in 2020, and is projected to reach $8.39 billion by 2030, growing at a CAGR of 6.9% from 2021 to 2030. Underfloor heating is a form of central heating and cooling that achieves indoor climate control for thermal comfort using hydronic or electrical heating elements embedded in a floor. The rise in awareness regarding the prospects of underfloor heating is expected to open up opportunities for the market.

Moreover, engendering awareness throughout the globe toward the use of eco-friendly products is expected to boost the sales of the underfloor heating market throughout the forecast period. Governments across the globe are promoting sustainable ways to meet zero carbon emission targets. This fuels the growth of the market. Rapid industrialization and development of the construction sector in developing countries such as China and India is a huge potential market for market expansion for the manufacturers. The presence of a huge landmass in the cold climatic region in highly populated countries such as China, and India has a huge demand for underfloor heating to improve the comfort of the individuals living in these zones. The increased investment of developing countries in regards to infrastructure has stimulated the demand for construction industries, hence driving the growth of the underfloor heating market.

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The underfloor heating market is segmented on the basis of product type, system, installation type, application, and region. By product type, the market is categorized into hydronic and electric. In terms of value, the hydronic segment accounted for the largest share in 2020. On the basis of system, the global market is segmented into heating system, and control system. In terms of value, the heating system segment accounted for the largest share in 2020.

On the basis of installation type, it is divided into new installations, and retrofit installations. In terms of value, more than new installation segment accounted for the largest share in 2020. The applications of underfloor heating market include residential, commercial, and industrial. In terms of value, the residential segment accounted for the largest share in 2020.

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Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Europe accounted for the largest share of the market in 2020, with Asia-Pacific being the fastest growing region.

The major companies profiled in this report include Danfoss, Daikin, Emerson Electric Co., Honeywell International, Mitsubishi Electric Corporation, Pentair Plc, Robert Bosch, Siemens AG, Schneider Electric, and Thermosoft International.

The key players are involved in partnership, product launch and acquisition strategies to attain key developments in the underfloor heating industry. For instance, in 2020, nVent expanded its alliance with MAPEI, a global leader in the manufacturing of mortars, grouts, adhesives, and chemicals for the building industry.

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Covid-19 scenario:

The Covid-19 pandemic negatively affected the market as the underfloor heating systems may become culprit of microbial contamination in enclosed spaces.
The shutdown of construction and engineering projects led to financial recession in the construction industry. This negatively affected the demand for underfloor heating devices.

About us:

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 domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Novel Vaccine Delivery Systems Market Analysis Covering Size, Growth, Revenue Analysis, Demand Till 2030

Rise in government support and investment, development of novel vaccines, and growth in immunization programs & their increasing coverage drive the growth of the global novel vaccine delivery systems market. However, high cost and unaffordability of safety syringes and alternative modes of drug delivery hinder the market growth. On the contrary, FDA approval to Covid-19 vaccine and increase in need for safety syringes in emerging economies would open new opportunities for the market players in the coming years.

According to the report published by Allied Market Research, the global Novel Vaccine Delivery System Market was accounted for $5.03 billion in 2020, and is estimated to reach $14.43 billion by 2030, growing at a CAGR of 10.8% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.

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Onkar Sumant, a Manager, Healthcare at Allied Market Research, stated, Growth of the novel vaccine delivery system market is driven by rise in immunization programs & their increasing coverage, increasing government support and investment, and development of novel vaccines. In addition, increase in need for safety syringes in emerging economies and FDA approval to COVID-19 Vaccine may create a lucrative opportunity in the market.

A vaccine is a biological substance that gives active acquired immunity against a specific infectious illness. A vaccination usually comprises an agent that looks like a disease-causing germ and is manufactured from weakened or destroyed microbes, their toxins, or one of their surface proteins. The agent induces the body’s immune system to detect and eliminate the agent as a threat as well as any linked bacteria that it may encounter in the future. Vaccines can be prophylactic or therapeutic. Novel vaccine delivery includes formulations, technologies, methods, and systems to transfer an active pharmaceutical ingredient in the body, as desired, in order to safely accomplish its therapeutic effect.

Covid-19 scenario:

The Covid-19 pandemic severely disrupted the workflow in the healthcare industry. The outbreak forced several industries to shut down temporarily.
However, the surge in demand for various medical services including novel vaccine delivery products increased during the pandemic. As the medical disposables including needles and syringes were in demand, several governments announced contracts to increase in manufacturing and supply of needs and syringes across the world.

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North America accounted for the largest share of the global novel vaccine delivery systems market in 2020, and is expected to remain dominant throughout the forecast period. This is majorly attributed to availability of advanced technology, rise in demand for advanced healthcare services with higher healthcare expenditure, and increase in cases of chronic diseases such as polio, measles, and influenza, hepatitis C virus (HCV), hepatitis B virus (HBV) in North America.

The global novel vaccine delivery system market includes an in-depth analysis of the prime market players such as Becton, Dickinson, and Company, Altaris Capital Partners, LLC (Kindeva Drug Delivery), Gerresheimer AG, Carl Zeiss Foundation (Schott AG), Inovio Pharmaceuticals, Inc. (Bioject Medical Technologies), Gurnet Point Capital (Corium International Inc.), Retractable Technologies, Inc., PharmaJet, Inc., Terumo Corporation, and VAXXAS Pty Ltd.

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Prime Editing and CRISPR Market Top Companies, Business Growth, Future Growth, Revenue and Demand Till 2030

Advancements in R&D in genetic engineering, rise in demand for genetically modified crops, and surge in prevalence of chronic and genetic diseases drive the growth of the global prime editing and CRISPR market. On the other hand, several legal & ethical issues and lack of safety toward gene editing restrain the growth to some extent. However, increase in R&D activities by major key players and decrease in cost of genomic sequencing are expected to create multiple opportunities in the industry.

According to the report published by Allied Market Research, the global prime editing and CRISPR market was valued at $2,694.2 million in 2020, and is estimated to reach $23,493.0 million by 2030, growing at a CAGR of 24.3% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.

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COVID-19 scenario-

The outbreak of the pandemic led to increased need for development of healthcare information technology and remote monitoring services, thereby impacting the global prime editing and CRISPR market positively.
This trend is quite likely to continue post pandemic as well, since the demand for remote monitoring services is expected to remain constant.

Onkar Sumant, a Manager, Healthcare at Allied Market Research, stated, alarming increase in prevalence of genetic disorders across the globe, advancements in R&D for genetic engineering, rise in government and private funds for genetic research, and surge in demand for genetically modified crops are expected to notably contribute toward growth of the global prime editing and CRISPR market during the forecast period.

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Based on application, the agricultural research segment held the major share in 2020, accounting for nearly half of the total market share. In addition, the segment is projected to retain the lion’s share by 2030. Simultaneously, the biomedical research and therapy segment would cite the fastest CAGR of 25.00% from 2020 to 2030.

The key market players analyzed in the global prime editing and CRISPR market report include CRISPR Therapeutics, GenScript Biotech, Beam Therapeutics, Integrated DNA Technologies (IDT), Horizon Discovery, Synthego Corporation, Intellia Therapeutics Inc., Inscripta, Precision Bioscience, and Sangoma Therapeutics. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.

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Brushless DC Motors Market Rise in Demand, Competitive Landscape by Companies and Forecast

According to a new report published by Allied Market Research, titled, Brushless DC Motors Market by Rotor Type (Inner Rotor Brushless DC Motors and Outer Rotor Brushless DC Motors), Power Range (0-750 W, 750 W to 3 KW, and More than 3 KW), and End User (Industrial Machinery, Automotive, Healthcare, HVAC Industry, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2028.

Increase in usage among HVAC end users and surge in utilization as servomotors drive the growth of the global brushless DC motors market. However, high initial cost of investment and complexities hinder the market growth. On the other hand, usage of brushless DC motors for robots and advancement of the automotive industry toward electric vehicles present new opportunities in the coming years.

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Covid-19 Scenario:

The halt in international trade, extended lockdowns, and disruption in processes in the manufacturing and automotive industries led to reduced production of brushless DC motors. Manufacturers also faced challenges in raw material procurement due to lockdown.
The demand from the end users including industrial machinery, automotive, HVAC industry, and others lowered considerably due to stoppage of daily operations. The demand is estimated to rise slowly during the post-lockdown.
New installation and maintenance activities have been postponed due to lockdown during the Covid-19 pandemic.

The report provides detailed segmentation of the global brushless DC motors market based on rotor type, power range, end user, and region.

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Based on rotor type, the inner rotor brushless DC motors segment contributed to the highest market share, accounting for more than two-thirds of the total share in 2020, and is projected to continue its lead position throughout the forecast period. However, the outer rotor brushless DC motors segment is expected to portray the highest CAGR of 9.2% from 2021 to 2028.

Based on end user, the industrial machinery segment held the highest share in 2020, accounting for more than two-fifths of the global brushless DC motors market, and is estimated to continue its dominance in terms of revenue during the forecast period. However, the HVAC industry segment is expected to manifest the highest CAGR of 10.1% from 2021 to 2028.

Based on region, Asia-Pacific accounted for the largest market share in 2020, contributing to more than two-fifths of the total share, and is projected to maintain its leadership status by 2028. Moreover, this region is expected to witness the fastest CAGR of 9.3% during the forecast period.

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Leading Players:

Leading players of the global brushless DC motors market analyzed in the research include Allied Motion Technologies Inc., Arc Systems Inc., AMETEK Inc., Faulhaber Group, Buhler Motor GmbH, Maxon motors AG, Johnson Electric Holdings Limited, Nidec Corporation, MinebeaMitsumi Inc., and Oriental Motor Co. Ltd.

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Vitamin E Market Assessed To Garner $3,728.2 million by 2028|Matrix Fine Sciences Pvt. Ltd, Merck KGAA, N.S. Chemicals

According to a new report published by Allied Market Research, titled, “Vitamin E Market by Type, Application, and Region: Global Opportunity Analysis and Industry Forecast, 2021–2028,” The global vitamin E market size was valued at $2,661.1 million in 2020, and is projected to reach $3,728.2 million by 2028, registering a CAGR of 4.3%. Asia-Pacific was the highest revenue contributor, accounting for $1,016.8 million in 2020, and is estimated to reach $1,528.9 million by 2028, with a CAGR of 5.3%. Asia-Pacific is estimated to reach $1,528.9 million by 2028, at a significant CAGR of 5.3%. Vitamin E is an essential fat-soluble vitamin protecting cell membranes from reactive oxygen species. It is a cluster of eight fat soluble composites which include tocotrienols and tocopherols. The deficiency of vitamin E, is rare and occurs usually owing to a casual problem with digesting dietary fat rather than from a low in vitamin E diet, which can further cause nerve problems.

The growth of the Vitamin E market is attributed to widespread promotion and advertisements regarding the importance of consuming vitamin E and the disadvantages of having its deficiency. Moreover, the easily availability is the factor which smoothens the requirement and sales of vitamin E in the market. . In addition, there are many sales channel like Apollo online pharmacy and internet pharmacy which are quick in delivering the requirements with available discounts. Moreover, many supplements and cosmetics are also available over the popular online retailers like Amazon, Grofers, ubuy, Walmart, and other websites. Therefore, surge in number of distribution channels and easy availability of the supplements propels the market growth of vitamin E. However, easy availability of substitute act as the restraint for the market. Conversely, increase in the demand of Vitamin E in the processed food and pet nutrition is expected to make way for Vitamin E market growth.

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The global Vitamin E market is segmented on the basis of type, application, and region. On the basis of type, the market is bifurcated into natural and synthetic. On the basis of application, the market is categorized into supplements, cosmetic and animal feeds. Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and rest of Europe), Asia-Pacific (China, India, Japan, ASEAN, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East and Africa).

Based on Vitamin E market analysis by type, the synthetic segment accounted for the majority of the share in the global vitamin E market in 2020. The synthetic segment was also the fastest growing segment in the type category. The growth in this segment can be attributed to easy availability and cost effectiveness of this segment.

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Based on Vitamin E market forecast by application, the supplement segment was the largest and fastest growing segment in 2020. The growth in this segment can be attributed to the growing awareness about diet and nutrition among the general populace. The cosmetic segment in the application category is expected to garner modest growth in the coming years, with a CAGR of 4.1% from 2021-2028.

Based on the region, Asia-Pacific was the dominant regional in the vitamin E market accounting for more than one-third of the global revenue in 2020. Asia-Pacific was also the fastest growing regional segment throughout the forecast period.

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Key findings of the study

By type, the synthetic segment is projected to witness the highest CAGR of 4.5% in revenue terms during the forecast period.
By type, the synthetic segment is expected to dominate the market through 2021-2028.
By application, the supplement segment occupied the largest market with maximum value share in 2020 and is expected to grow at the significant CAGR during the forecast period.
U.S. is the largest country in terms of demand of Vitamin E in 2019.
Asia-Pacific is anticipated to witness the highest growth rate, registering a CAGR of 5.3% from 2021 to 2028.

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The key players in the Vitamin E industry have relied on product launch as their key strategy to stay relevant in the Vitamin E market share. The key players operating in the vitamin E market include- Advanced Organic Materials, SA, Antares Health Products, Inc., Archer Daniels Midland Company, BASF Nutrition, BTSA Biotecnologías Aplicadas, S.L., Koninklijke Dsm N.V., Matrix Fine Sciences Pvt. Ltd., Merck KGAA, N.S. Chemicals and The Nature’s Bounty Co.

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