A Market Place Research – Page 2744

String Inverter Market to Hit $4.6 billion by 2027, at a CAGR of 6.3%

According to a new report published by Allied Market Research titled, “String Inverter Market by Connection Type, Phase, and End-Use Industry: Global Opportunity Analysis and Industry Forecast, 2020–2027,” the global string inverter market size was valued at $3.1 billion in 2019, and is projected to reach $4.6 billion by 2027, growing at a CAGR of 6.3% from 2020 to 2027.

Significant development of the end-use industries such as oil & gas, telecom, mining, pharmaceutical, chemicals, and healthcare is fueling the demand for off–grid solar installations for their respective manufacturing and operations, which in turn drives the growth of the market during the forecast period. In addition, increase in demand for string inverter from developing economies such as India, China, and Japan fuels the growth of the market, globally. However, high heat generation from large size string inverters and installation of solar panels in different directions are the key factors hampering the growth of the global market in the upcoming years.

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Depending on the connection type, on-grid segment held the highest market share of around 60.3% in 2019, and is expected to maintain its dominance during the forecast period. This is owing to rise in investment for direct supply of electricity rather than storing it in batteries. In addition, advantages of being used as on-grid string inverters include easy feeding of energy, easy installation, cost-efficiency, and managing high electricity demand, which fuels the growth of the market in the upcoming years.

On the basis of phase, the three phase segment holds the largest market share of 76.4% and growth rate of 6.4%, in terms of revenue, and is expected to maintain its dominance during the forecast period. This growth is attributed to the gaining importance from power generation, distribution, and transmission sector. In addition, rise in trend from 1,000-volt solar arrays to 1,500-volt solar arrays resulted in increase in size of PV power plants in the large commercial and utility installations; thereby, fueling the growth of the three-phase string inverter market during the forecast period.

On the basis of end use industry, the utilities segment holds the largest share, in terms of revenue, and is expected to grow at a CAGR of 6.6%. This is attributed to increase in investment in the utility scale solar power plants, solar parks, and other solar structures. In addition, increase in construction projects such as decentralized solar power plants, rural electrification projects, solar power plants on the water body and rooftops, commercial buildings, and others drive the growth of the market for the utilities segment across the globe.

On the basis of region, the market is analyzed across four major regions such as North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific garnered the dominant share in 2019, and anticipated to maintain this trend during the forecast period. This is attributed to large number of key players and availability of the manufacturing facilities in these countries. In addition, rise in urbanization and industrialization in the countries such as China, India, and others is increasing the demand for electricity, which further drives the growth of the string inverter market during the forecast period.

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The global string inverter market analysis covers in-depth information of the major industry participants. The key players operating and profiled in the report include SMA Technologies AG, FimerS.p.A., SolarEdge Technologies Ltd., Ginlong Technologies, Siemens AG, Delta Electronics Public Co., Ltd., Chint Group, SolarMax, Growatt New Energy Technology Co., Ltd., and Huawei Technologies Co., Ltd.

Key Findings of the Study:

• The on-grid segment accounted for majority of the share of the global string inverter market, and is expected to maintain its lead throughout the forecast period.
• The three phase segment accounted for around 76.4% of the share in the global string inverter market, and is expected to maintain its dominance till the end of the forecast period.
• The utilities segment is accounted for 40.4% market share, and is anticipated to grow at a rate of 6.6% in terms of revenue, increasing its share in the global string inverter market.
• Utilities are the fastest-growing end-use industry segment in the Asia-Pacific string inverter market, which is expected to grow at a CAGR of 6.8% during 2020–2027.
• The Asia-Pacific region is expected to grow at the fastest rate, registering a CAGR of 6.5%, throughout the forecast period.
• Asia-Pacific dominated the global string inverter market with more than 50.0% of the share, in terms of revenue.

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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 domain.

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.

Turbine Motors Market to Hit $422.2 billion by 2030, at a CAGR of 8.1%

According to a new report published by Allied Market Research, titled,” Turbine Motors Market by Type, Capacity, and Application: Global Opportunity Analysis and Industry Forecast, 2020-2030,”the global turbine motors market size was valued at $194.1 billion in 2020, and is projected to reach $422.2 billion by 2030 with expected Turbine Motors market forecast at a CAGR of 8.1% from 2021 to 2030.

The demand for turbine motors has drastically increased due to rapidly shifting preferences toward the use of renewable and sustainable sources all over the world. Majority of developed as well as developing countries are investing huge amount of money to meet the demand for energy generation through renewable sources. In addition, various government initiatives toward the use of green energy resources are expected to create lucrative opportunities for market players. For instance, under section 242 of the Energy Policy Act, the U.S. Congress approved funds for hydroelectric production incentives. According to this act, industry players are expected to receive up to 1.8 cents per kilowatt hour (kWh) energy generated with maximum payments up to $750,000 per year.

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Rise in need for eco-friendly energy solutions has further propelled the demand for turbine motors. For instance, according to the International Energy Agency, worldwide energy utilization increased by 2.3% in 2018, twice than the normal rate in last 10 years. Energy utilization was driven by expanded interest for warming and cooling systems in certain locales. Rise in utilization of petroleum product secured 70% in the worldwide energy generation, and sustainable power sources contributed for around 25% of the worldwide energy development. The demand for power increased with a rate of 4% and the share of electricity in global energy consumption reached 20% in 2018. Moreover, with rapidly growing population, the demand for electricity is expected to increase significantly. Thus, all these factors collectively are expected to augment the growth of the turbines power market globally.

The global turbine motors market is segmented on the basis of type, capacity, application, and region. On the basis of type, the global market is categorized into water turbine, steam turbine, gas turbine, and wind turbine. By capacity, it is segregated into small (less than 10mw), medium (10–100mw), and large (greater than 100mw). The applications of turbine motors market include industrial, commercial, and residential. The industrial segment held the largest turbine motors market revenue share in 2020, and is depicted to grow at a CAGR of 7.7%.

Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. As per global turbine motors market analysis, Europe accounted for the largest share of the market in 2020, however, Asia-Pacific is depicted to be the fastest growing region.

The major companies profiled in this turbine motors industry report include Andritz AG, Canyon Industries Inc., General Electric, Gilbert Gilkes & Gordon Ltd., Kirloskar Brothers Ltd, Litostroj Power Group, Norcan Hydraulic Turbine Inc., Siemens AG, Toshiba Hydroelectric Power, Voith Gmbh & Co. Kgaa, Arani power, Chola Turbo Machinery International Pvt. Ltd, Doosan Škoda Power, Elliott Group, Mitsubishi Hitachi Power Systems Inc., Turbine Generator Maintenance Inc., Turbocam, and Vestas Wind Systems.

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Key findings of the study

• The Asia-Pacific turbine motors market is projected to grow at the highest CAGR of nearly 9.1%, in terms of revenue, during the forecast period.
• By type, the wind turbine segment accounted for the largest market share in 2020.
• Depending oncapacity, the large (greater than 100MW) segment accounted for the largest market share in 2020.
• On the basis of application, the industrial segment accounted for the largest market share in 2020.

Impact Of Covid-19 On The Global Turbine Motors market

• Emergence of COVID-19 had a negative impact in the growth of the global turbine motors market for a short period.
• The COVID-19 pandemic is predicted to possess hurdles for turbine equipment manufacturers (OEMs) due to disruption in supply chain and shutting down of manufacturing and energy generating facilities.
• The production and transportation of this heavy machinery is hampered due to improper transportation facilities. Various countries around the world have set target to phase out the hydro thermal power plants and replace most of their required power energy from renewable energy source such as wind, tidal, and solar.
• Thus, the abovementioned factors are expected to restrain the global turbine motors market growth in current times.

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Smart Pills Technology Market 2022 Gastrointestinal diagnosis accounted for the highest revenue with about 84% of market share

Smart Pills Technology Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $627.1 million by 2020, registering a CAGR of 21.2% during the period 2015-2022. GI monitoring technology is forecast as the fastest growing segment, expected to register a CAGR of 42% during the forecast period. This growth is primarily supplemented by the growing popularity of smart pills in the monitoring of motility disorders.

The global smart pills technology market is expected to register a substantial growth in the future, owing to the increased prevalence of gastrointestinal diseases (such as motility disorders, colon cancer, obscure gastrointestinal bleeding and Crohns disease), sedentary lifestyle and high patient compliance on account of minimally invasive techniques. The advent of novel technologies such as catheter-less pH monitoring, ingestible sensors and wireless capsule based GI monitoring would foster an accelerated market growth. Capsule endoscopes provide complete examination of GI tract which consists of a complete view of stomach including esophagus, small intestine and large intestine. Such pharmaceutical capsules play a vital role in differentiating between the healthy and unhealthy cells like targeted smart drug delivery or a targeted therapy

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Key Finding of Smart Pills Technology Market:

Capsule endoscopy accounted for the highest revenue in 2014
GI monitoring application segment is expected to register fastest growth forecast period, fastest among all segments
North America and Europe collectively accounted for the largest market share of 83% in the overall smart pills technology market, in 2014

North America accounted for about 3/5th of the market revenue in 2014, highest amongst all. The growth in this region is primarily attributed to the early adoption of novel technologies, a large patient population, high disposable incomes and the frequent commercialization of smart pill products. The leading players in the market are adopting acquisition and collaborations as key developmental strategies. The leading companies profiled in this report are – Given Imaging Inc., Olympus Corporation, IntroMedic Inc., CapsoVision Inc., Chongqing Jinshan Science & Technology Group Co. Ltd., Proteus Digital Health Inc., Medimetrics

Key Market Segments:

The Global Smart Pills technology market segmentation is illustrated below:

By Technology
- Capsule endoscopy technology
  - Capsule endoscope
    - Small bowel capsule endoscope
    - Colon capsule endoscope
    - Esophagus capsule endoscope
  - Workstations and recorders
- Gastrointestinal Monitoring Technology
  - Single parameter (pH) monitoring
  - Multi parameter (pH, temp, pressure) monitoring
By Application
- Diagnosis
- Monitoring

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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.

Multi Fuel Generators Market To Hit $1,880.6 Million by 2030, at a CAGR of 6.2%

According to a new published report by Allied Market Research titled, “Multi Fuel Generators Market by fuel type, power rating, application, and end use industries: Global Opportunity Analysis and Industry Forecast, 2021–2030,” The global multi fuel generators market size was valued at $1,038.7 million in 2020, and is projected to reach $1,880.6 million by 2030, growing at a CAGR of 6.2% from 2021 to 2030.

Increasing demand for uninterrupted and reliable power supply and increasing instances of power outages owing to aging grid infrastructure and extreme weather conditions are some of the global multi-fuel generators market trends observed in the industry. Furthermore, the market is also predicted to rise due to power requirements in remote projects, advances in off-grid sectors, and poor grid infrastructure in developing nations. Limited power generation capacity, as well as high equipment cost, are some of the restraints for the market growth. Increasing adoption of tri-fuel generators can be stated as an multi fuel generators market opportunity.

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The global multi fuel generators market is segmented on the basis of fuel type, power rating, application, end-use industry, and region. On the basis of fuel type, the global multi fuel generators market is segmented into dual-fuel and tri-fuel. The dual fuel segment accounted for the largest share in 2020, while tri fuel segment is projected to grow at the highest CAGR during the forecast period.

On the basis of power rating, the global multi fuel generators market is segmented into below 350 KVA, 351 KVA to 1000 KVA, and above 1000 KVA. The 351 KVA to 1000 KVA segment accounted for the largest multi fuel generators market share in 2020, while the below 350 KVA segment is projected to be the fastest growing segment at a CAGR of 6.9%.

Applications of multi fuel generators include standby gensets, continuous gensets, and peak shaving gensets. The continuous gensets segment accounted for the largest market share in 2020, while the standby gensets segment is projected to be the fastest growing segment at a CAGR of 8.1%.

Region wise, the market is analysed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for the largest share of the market in 2020 as well as was the fastest growing region.

Major players operating in the global multi fuel generators industry include such as Generac Holdings Inc., Kohler Co., Honda Power Products, Briggs & Stratton, Yamaha Motor Corporation, Cummins Inc., DuroMax, Pulsar Products, and Champion Power Equipment, which holds a significant share of the market. These players have been adopting various strategies to gain higher share or to retain leading positions in the market.

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Key Findings Of The Study

On the basis of fuel type, the dual fuel segment accounted for the largest market share in 2020, and is anticipated to continue this trend during the forecast period.
On the basis of power rating, the 351 KVA to 1000 KVA segment accounted for accounted for the largest market share in 2020.
On the basis of application, the Continuous Gensets segment accounted for more than 54% of the global market share in 2020.
On the basis of region, Asia-Pacific is the major consumer of multi fuel generators among other regions. It accounted for around 38% of the global market share in 2020.

Impact Of Covid-19 On The Global Multi Fuel Generators Market

COVID-19 has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.
Some of the major economies suffering from the COVID-19 crises include Germany, France, Italy, Spain, the UK, and Norway.
In many countries, the economy has dropped due to halt of several industries, especially transport and supply chain. Demand for the product has been hindered as there is no development due to the lockdown.
The demand-supply gap, disruptions in raw material procurement, and price volatility are expected to hamper growth of the industry during the COVID-19 pandemic.
Due to a scarcity of resources in various parts of the world, the COVID-19 pandemic has impacted negatively on the commercial and industrial sector. The industry’s top players are concerned about market’s prospects and are rethinking their strategies to meet the challenge.

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Brown Hydrogen Market to Hit $48.9 billion by 2030, at a CAGR of 4.7%

According to a new report published by Allied Market Research titled, “Brown hydrogen Market by Technology, by End-Use Industry: Global Opportunity Analysis and Industry Forecast, 2021–2030,” The brown hydrogen market was valued at $30.4 billion in 2020, and is projected to reach $48.9 billion by 2030, growing at a CAGR of 4.7% from 2021 to 2030.

Factors that drive the brown hydrogen market growth are availability and less prices of raw material i.e., coal, and less production cost as compared to green hydrogen. However, the factors that hinder the market growth are high carbon foot print of coal gasification process and rising traction of green hydrogen. On the contrary, the rising investment and demand for hydrogen produced from coal gasification with carbon capture storage technology is expected to offer lucrative market opportunities during the forecast period.

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On the basis of technology, the coal gasification with carbon capture and storage segment is expected to witness growth at a considerable growth rate. It is expected to witness growth at a CAGR of 11.7% in terms of volume during the forecast period. This is attributed to numerous factors such as ease in availability of raw materials, cheap production, cheap raw material and others.

Based on the end-use industry, the chemical segment garnered 47.8% share in 2020 in terms of volume. This is attributed to increased demand from chemical industries in China, Germany, India, and others.

On the basis of region, Asia-Pacific is expected to grow at a CAGR of 9.8% in terms of volume during the forecast period. This is attributed to increase in demand for brown hydrogen from Australia, India, and others. Furthermore, as per India’s hydrogen strategy, there is expected to be increase in investment by India on coal gasification.

The brown hydrogen market is segmented on the basis of technology, end-use industry, and region. Depending on technology, the brown hydrogen market is categorized into coal gasification with carbon capture storage and coal gasification without carbon capture storage. End-use industry of brown hydrogen studied in the market include refining, chemicals, iron and steel and others. Region wise, the brown hydrogen market share is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The brown hydrogen market analysis covers in-depth information of the major industry participants. The key players operating and profiled in the brown hydrogen market include Air Products, Air Liquide, Sasol, Sinopec, Iwatani Corp, J-Power.

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Key findings of the study

The report outlines the current brown hydrogen market trends and future scenario of the market from 2021 to 2030 to understand the prevailing opportunities and potential investment pockets.
The brown hydrogen market size is provided in terms of volume and revenue.
On the basis of end-use industry, the refining; segment gained 44.3% share in 2020 in terms of volume.
On the basis of region, the North America region garnered market share of 6.5% in 2020 in terms of volume.
Based on the end-use industry, the iron and steel segment is expected to grow at a CAGR of 9.9% in terms of volume.
On the basis of technology, the coal gasification with carbon capture storage is expected to grow at a CAGR of 11.7% in terms of volume.

Impact of COVID-19 on the Brown Hydrogen Market

The outbreak of COVID-19 has halted the industrial activities which has consequently decreased the demand for energy.
The COVID-19 lockdowns posed a number of problems for industry participants, including disrupted supply chains, logistical difficulties in shipping end goods, and others.
The impact of the COVID-19 on global supply chains will have the major impact on hydrogen technologies, for which a well-managed supply chain and huge capital are needed for demonstration.
The hydrogen demand is in oil refining, steel manufacturing and chemical industry have been highly impacted by the Covid-19 outbreak. The chemicals produced using hydrogen (e.g. methanol) has dropped significantly.

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The protein labeling market is growing at a steady pace due to the increase in investments in the healthcare sector by government

Global Protein Labeling Market Report, published by Allied Market Research, forecast that the global market is growing at a CAGR of 14.9% during the 2014-2022. Reagents segment is estimated to dominate the global protein labeling market throughout the analysis period. Majority of the global protein labeling market share was captured by U.S. in 2015.

Protein labeling technique is a secondary research tool for proteomic analysis, and is used for research and diagnostic purposes in biotechnology and pharmaceuticals industries. Moreover, with the rise in the prevalence of chronic diseases such as cancer, the need for prevention, diagnosis, and treatment of such diseases is on the rise. Consequently, the demand for such techniques is anticipated to increase. Alternatively, lack of skilled professionals, limited applications of protein labeling products along with high costs of reagents, kits, and other protein labeling services are the key factors that could impede the market growth.

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Key findings of the Protein Labeling Market Study:

Nanoparticle labeling segment is estimated to exhibit a CAGR of 17.4%, among in vitro labeling.
Fluorescence Microscopy segment will exhibit a CAGR of 16.1% in LAMEA region.
Research laboratories segment holds two-thirds of the share in the end-user protein labeling market.
Photoreactive labeling segment for in vivo protein labeling is projected to be the fastest growing segment from 2016 to 2022.
Mexico was the smallest economy market in 2015, and is projected to grow at a CAGR of 15.7% through 2022.

Based on geography, North America generated the highest revenue in 2015, accounting for the majority of the share of global protein labeling market, due to various technological advancements, rise in R&D investments, and surge in demand for protein labeling products. Furthermore, North America is estimated to continue to dominate the world market, owing to rise in technological innovations andsignificant rise in funding. The Asia-Pacific region is expected to be the fastest growing segment, owing to the increased demands of emerging economies such as Japan and China and rise in healthcare expenditure.

By Application

Cell-Based Assays
Fluorescence Microscopy
Mass Spectrometry
Immunological Techniques
Protein Microarray

By Product Type

Kits
Reagents
- Enzymes
- Monoclonal Antibodies
- Probes/Tags
- Protein
- Other Reagents
Services

By End Users

Research Laboratories
Hospitals and Diagnostic Centers
Others

The key players profiled in this report include General Electric Company, Kaneka Corporation, LI-COR, Inc., Merck & Co., Inc., New England Biolabs, Inc., PerkinElmer, Inc., Promega Corporation, F. Hoffmann-LA Roche AG, Seracare Life Sciences, Inc., and Thermo Fisher Scientific, Inc. There are other players in the protein labeling market, which include Qiagen N.V., Active Motif, Inc., Takara Bio USA, Inc., Candor Bioscience GMBH, Innova Biosciences Ltd., Luminex Corporation, Bio-Rad Laboratories, Agilent Technologies, Inc., Caprion Biosciences, Nanotemper Technologies GMBH, and Biotium, Inc.

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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.

UHT Processing Market to generate $5.7 billion by 2030, registering a CAGR of 6.9%

According to a new report published by Allied Market Research, titled, “UHT processing Market by Type of Operation, Nature, and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global UHT processing market was valued at $3.0 billion in 2020, and is projected reach $5.7 billion by 2030, registering a CAGR of 6.9% from 2021 to 2030.

Milk and milk products are some of the most preferred and consumed food products all across the world. Increase in demand for milk and milk products among consumers is leading to rise in adoption of UHT machines and the UHT processing market trends. Milk contains multiple nutrients besides calcium, including vitamins B & D, phosphorus, and potassium, which are essential for humans. However, treatment of milk is essential, as it contains inherent bacteria and microorganisms that can cause health issues if consumed in raw state. Similarly, many milk products such as cheese, yogurt, curd, flavored milk, and cottage cheese need to undergo a similar kind of processing to make them suitable for consumption. As UHT eliminates all of the bacteria and microorganisms in the milk without having any major effects in the nutrients, the process is being widely adopted for treatment of milk and milk products. Thus, with rise in demand for dairy products, the adoption of UHT processing is likely to witness increased demand, thus leading to market proliferation.

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Besides UHT milk, different types of milk are available in the market such as pasteurized milk and fresh milk. Same is the case of many other types of products that make use of UHT, enabling UHT processing market growth. Availability of alternatives poses challenge for the UHT processed products. Pasteurization of milk is being done since the year 1862. Many European countries still prefer the use of pasteurized milk over UHT milk, thus reducing the UHT processing market demand in the region. Their climatic condition makes it so that they do not have the need for products with long shelf lives. Similarly, in many Asian countries, consumers prefer to get raw milk every day and then boil at their homes before drinking. Soups, broths, and stews and are available in canned forms, which are helpful in prolonging the life of these products. Thus, presence of alternatives to prolong shelf life is expected to restrain the growth of the UHT processing market.

UHT processing market is now not only restricted to milk but finds its application in myriad of different food items. Drinkable yogurt, soups, cream, custards, and flavored milk have now been included in the UHT processing market to increase shelf life. Furthermore, apart from aseptic cartons, various other packaging can be used, including, but not limited to, cans, tetra packs, flexible pouches, thermoformed plastic containers, flow molded containers, bag-in-box, and bulk totes.

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Key Findings Of The Study

On the basis of the type of operation, the indirect heating segment led in terms of UHT processing market share, and is projected to grow with the highest CAGR during the forecast period.
By nature, the liquid segment garnered the highest market share in the UHT processing industry, however, the semiliquid is predicted to grow at a significant CAGR during the forecast period.
Depending on application, the milk segment dominated the global market, while the dairy alternatives segment is poised to grow with the highest CAGR.
Region wise, Asia-Pacific holds the largest market share, and is projected to exhibit the highest CAGR during the forecast period.

The major players opiating in the UHT processing market include Alfa Laval, GEA Group Aktiengesellschaft, Iwai Kikai Kogyo Co. Ltd., MicroThermics, Neologic Engineers Private Ltd., Proxes GMBH, Reda S.P.A., Shanghai Triowin Intelligent Machinery, SPX FLOW, and Tetra Laval International S.A. The other prominent players profiled in the report are Elecster Oyj, Shanghai Jimei Food Machinery, Goma Engineering, JBT Corporation, Krones AG, Scherjon Dairy Equipment Holland B.V, and Repute Engineers Private Limited.

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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.

Monoisopropanolamine (MIPA) Market size worth $140.8 Million by 2030 with 5.6% CAGR over 2021 to 2030

Allied Market Research recently published a report by Allied Market Research, the global monoisopropanolamine (MIPA) market was valued at $82.2 million in 2020, and is expected to hit $140.8 million by 2030, growing at a CAGR of 5.6% from 2021 to 2030.

Rise in demand from the agricultural sector and surge in use of monoisopropanolamine in the personal care and cosmetic industry have boosted the growth of the global monoisopropanolamine (MIPA) market. However, the toxicity of monoisopropanolamine hinders the market growth. On the contrary, advent of new applications of monoisopropanolamine would open up new applications in the future.

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By region, the market across Asia-Pacific is expected to register the highest CAGR of 6.3% during the forecast period. Moreover, the region held the largest share in 2020, accounting for more than half of the global monoisopropanolamine (MIPA) market. This is due to rise in agriculture, metalworking, personal care, and the growth of chemical manufacturing sector. The market across North America would showcase a CAGR of 5.2% from 2021 to 2030.

The monoisopropanolamine market is segmented on the basis of end-use industry and region. By end-use industry, the market is segregated into chemical industry, personal care, agrochemical, pharmaceuticals, metal working, and others. The chemical end-use industry dominated the global market in terms of revenue in 2020, with over one-third of the total share. Use of monoisopropanolamine for neutralizing fatty acid chemical compounds and sulfonic acid-based surfactants is the key market trend. In addition, MIPA based chemical compounds improve color & heat stability and improve oil solubility as compared with ethanolamine. This in turn has surged the use of MIPA in chemical industry for production of buffer and alkaline chemicals.

By end-use industry, the personal care segment is estimated to portray the highest CAGR of 6.2% during the forecast period, due to use of monoisopropanolamine for the formulation of cosmetic products, shaving creams, and mascara. However, the chemical industry segment held the largest share in 2020, accounting for more than one-third of the global monoisopropanolamine (MIPA) market, owing to use of monoisopropanolamine for neutralizing fatty acid chemical compounds and sulfonic acid-based surfactants.

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Major Market Players

Aceto
Alkyl Amines Chemicals Limited
Anhui Sinotech Industrial Co. Ltd.
Arkema S.A.
BASF SE
Eastman Chemical Company
Hangzhou Lingrui Chemical Co. Ltd.
Hongbaoli Group Co. Ltd.
Lanxess
Muby Chemicals

Covid-19 scenario:

During the Covid-19 pandemic, several monoisopropanolamine manufacturing facilities and companies shut down their business operations to curb the risk of infection among workers.
Due to the market’s dependence on chemical manufacturing, cosmetics, and metalworking, the market suffered heavy losses during the pandemic.
However, use of monoisopropanolamine for the synthesis of drugs in the pharmaceutical sectors opened up new opportunities.

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Key Market Segments

BY END-USE INDUSTRY
- Chemical industry
- Personal care
- Agrochemical
- Pharmaceuticals
- Metal working
- Others

Key Benefits for Stakeholders:

The global market size has been analyzed across four major regions.
Porter’s five force analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of global market for strategy building.
The report outlines the current market trends and future scenario of the market size from 2021 to 2030 to understand the prevailing opportunities and potential investment pockets.
Major countries in each region have been mapped according to their individual revenue contribution to the regional market.
The key drivers, restraints, opportunities & global market trends along with their detailed impact analysis are elucidated in the study.
The global market analysis covers in-depth information of the major industry participants.

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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.

Automotive Adhesives Market Size to surpass $8.4 Billion by 2030 with 5.9% CAGR

The new report published by Allied Market Research, the automotive adhesives market was over $4.7 billion in 2020, and estimated to hit $8.4 billion by 2030, growing a CAGR of 5.9% from 2021 to 2030.The global report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.

Rise in sales of automotive adhesives owing underlying strength in vehicle sales, technological advancements in manufacturing of automobiles, and adoption of smart cars drive the growth of the global automotive adhesives market. However, rise in raw material prices and effect of recession on end-use industries restrain the growth to some extent. On the other hand, growth in demand for automotive adhesives in Asia-Pacific present new opportunities in the upcoming years.

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The report offers detailed segmentation of the global automotive adhesives market based on product resin type, technology, application, and region.

Based on resin type, the polymide segment held the highest market share in 2020, holding nearly one-fourth of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the acrylics segment is estimated to register the highest CAGR of 7.1% from 2021 to 2030.

Based on technology, the water based segment held the largest market share in 2020, holding nearly half of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the solvent based segment is projected to register the highest CAGR of 6.7% from 2021 to 2030.

Based on region, Asia-Pacific contributed to the highest share in terms of revenue in 2020, holding more than two-fifths of the global automotive adhesives market, and is estimated to continue its dominant share by 2030. Moreover, the same region is projected to manifest the fastest CAGR of 6.5% during the forecast period.

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Leading players of the global automotive adhesives market analyzed in the research include Henkel & Co. KGaA, Bostik S.A., 3M Company, The DOW Chemical Company, Sika AG, H.B. Fuller, PPG Industries, Jowat AG, Illinois Tool Works Corporation, and Solvay S.A.

COVID-19 Scenario:

The outbreak of the COVID-19 pandemic impacted the growth of the global automotive adhesives market negatively.
The pandemic implemented restrictions on import & export activities. It also disrupted the supply chain, due to which the prices of raw materials to produce adhesives experienced a sharp incline.
However, the market is expected to revive soon.

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Key Market Segments

By Resin Type

Polyurethane
Epoxy
Acrylics
Silicone
SMP
Polyamide
Others (Rubber and Phenolic Adhesives)
By Technology

Hot melt
Solvent Based
Water based
Pressure Sensitive
Others (Reactive and Thermosetting)
By Vehicle Type

Passenger Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle
By Application

Body-in-White (BIW)
Powertrain
Paint Shop
Assembly

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Bromine Derivatives Market Is Growing So Rapidly With The Major Factors | Albemarle Corporation, Gulf Resources Inc

The global bromine derivative market generated $826.4 million in 2020, and is expected to generate $1.35 billion by 2030, witnessing a CAGR of 5.1% from 2020 to 2030. The report offers a detailed analysis of changing market dynamics, key segments, top investment pockets, regional scenarios, value chain, and competitive landscape.

Rise in urbanization, need for enhanced infrastructure, and rapid rise of pharmaceuticals drive the growth of the global bromine derivative market. However, stringent government regulations on chemicals hinder the market growth. On the other hand, surge in pharmaceutical, construction, automotive activities in developing nations present new opportunities in the coming years.

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Covid-19 Scenario:

As per the stats of the Organization for Economic Co-operation and Development (OECD), the price war erupted for crude oil with widened supply and less demand. This led to extensive production of oil and made a sluggish impact on the bromine derivative market.
In addition, the import and export activities were affected considerably, which in turn, impacted the end-use industries of bromine derivatives. The demand for bromine derivatives reduced significantly.
The automotive industry is one of the major end users of bromine derivative worldwide. The production activities in the automotive industry halted during the lockdown imposed during the Covid-19 pandemic. This reduced the demand for bromine derivatives. However, the demand would increase during the post-lockdown.

The report offers detailed segmentation of the global bromine derivative market based on derivative, application, end use, and region.

Based on derivative, the TBBPA segment contributed to the highest share in 2020, accounting for nearly one-third of the total market share, and is projected to maintain its lead position throughout the forecast period. However, the sodium bromide segment is projected to manifest the fastest CAGR of 5.4% from 2021 to 2030.

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Based on end use, the chemical segment accounted for the highest share in 2020, contributing to more than three-fifths of the global bromine derivative market, and is expected to maintain its leadership status during the forecast period. However, the construction segment is estimated to manifest the largest CAGR of 5.4% from 2021 to 2030.

Based on region, Asia-Pacific held the highest share in 2020, accounting for around two-fifths of the total share, and is estimated to maintain its dominance in terms of revenue by 2030. Moreover, this region is projected to manifest the fastest CAGR of 5.4% during the forecast period. The research also analyzes regions including North America, Europe, and LAMEA.

Leading players of the global bromine derivative market analyzed in the research include Albemarle Corporation, Hindustan Salts Limited, Gulf Resources Inc., Israel Chemicals Limited, Honeywell International Inc., Perekop Bromine, LANXESS Corporation, TETRA Technologies, Inc., Tata Chemicals Limited, and Tosoh Corporation.

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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.

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