Research Insight

Google, Inc. (US), PTC Inc. (US) and Seiko Epson (Japan) are leading players in Augmented Reality Market

The augmented reality market was valued at USD 14.7 billion in 2020 and is projected to reach USD 88.4 billion by 2026; it is expected to grow at a CAGR of 31.5% from 2021 to 2026. The key factors driving the growth of the augmented reality market include surging demand for AR devices and applications in healthcare, growing demand for AR in retail and e-commerce sectors due to COVID-19, rising investments in the AR market, increasing demand for AR devices and technology in the global automotive industry, and others.

• Published: August 2021

Light Field Companies - Avegant (US), FoVI 3D (US) are the Key Players

The global light field market size is expected to reach USD 154 million by 2026 from USD 76 million in 2021, growing at a CAGR of 15.1%. The key factors driving the growth of the market include improved visual effects technology in movies and games, customized marketing, escalated need for prototyping and medical imaging. 

• Published: August 2021

Dow, Inc. (US) and BASF SE (Germany) are the Key Players in the Textile Chemicals Market

The global Textile Chemicals Market is estimated to be USD 26.5 billion in 2021 and is projected to reach USD 33.1 billion by 2026, at a CAGR of 4.6% from 2021 to 2026. The driving factor for the Textile Chemicals market is chemicals is growing demand for technical textiles. Also growing adoption of low VOC and biodegradable materials for textile manufacturing is expected to provide lucrative opportunities for the growth of textile chemicals.

• Published: August 2021

Henry Schein, Inc. (US) and MANI, INC. (Germany) are Leading Players in the Dental Diamond Burs Market

The global dental diamond burs market size is estimated at USD 130 million in 2021 and is projected to reach USD 191 million by 2026, at a CAGR of 8.0%, between 2021 and 2026. Dental diamond burs are restorative instruments. Dentists utilize diamond burs all around the world, most commonly with high-speed handpieces. The most common application of dental diamond burs is to grind away hard tooth tissue, generally enamel and bones. A diamond bur's grinding action produces a rough surface. They are made by bonding small diamond particles to a substrate. They find their best use when a cut demands high accuracy is required.

• Published: August 2021

Market Leaders : SGS SA (Switzerland) and Eurofins Scientific (Luxembourg) are investing in offering Innovative Solutions in Enteric Disease Testing Market

The market for enteric disease testing is estimated to be USD 1.8 billion in 2021; it is projected to grow at a CAGR of 6.0% to reach USD 2.4 billion by 2026. The growth in the enteric disease testing market is attributed to the enforcement of stringent food safety regulations and effective monitoring of the same by the regulatory authority, increasing level of consumer awareness on food safety and availability of rapid technology with low turnaround time. Lack of infrastructural facilities, high cost of replacement parts, and lack of harmonization act as major restraints for the enteric disease testing market.

• Published: August 2021

Construction & Demolition Waste Companies - Market Leader in Construction & Demolition Waste Market

The global construction & demolition waste market size is estimated to grow from USD 26.6 billion in 2021 to USD 34.4 billion by 2026, at a CAGR of 5.3% during the forecast period. Theglobal market is primarily driven by increasing construction activities and inclination of governments toward sustainability in various regions across the globe. Rising demand for sustainable and recycled construction materials for commercial construction projects will further drive the construction & demolition waste market.

• Published: August 2021

IBM(US) and Vimeo(US) are leading players in Video Content Management System Market

The global video content management system market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 14.0% during the forecast period, to reach USD 6.8 billion by 2026 from USD 3.5 billion in 2021. Key factors that are expected to drive the growth of the market are the growing demand for onlin video content, adoption of cloud-based services by enterprises, increasing number of internet users around the world and rise in demand for video recording equipment and devices.

• Published: August 2021

Microsoft (US) and Palo Alto Networks (US) are leading players in Serverless Security Market

The global serverless security market size is expected to grow from USD 1.4 billion in 2021 to USD 5.1 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 29.9% during the forecast period. Serverless security is to create a protection around the functions inside the software operated. The serverless architecture needs protection from various threats hence the need of serverless security solutions. Increase in the misconfiguration, proliferation of microservices architecture, compliance concerns in traditional cloud computing to boost the growth of serverless security market.

• Published: August 2021

PPG (US) and AkzoNobel N.V. (Netherlands) are leading players in Protective Coatings Market

The Protective Coatings market is projected to grow from USD 13.8 Billion in 2021 to USD 17.8 Billion by 2026, at a CAGR of 5.2% between 2021 and 2026. APAC is estimated to be the largest consumer of Protective Coatings. The global Protective Coatings market is driven by the growing demand for Protective Coatings from Civil Building and Infrastructure industry.

• Published: August 2021

Market Leader - Astaxanthin Market

The global astaxanthin market size is estimated to be valued at USD 647 million in 2021. It is projected to reach USD 965 million by 2026, recording a CAGR of 8.3% during the forecast period. The increase in awareness toward preventive healthcare & nutraceuticals and the rising demand for cosmetic products have gained the attention of the key players in the astaxanthin market to develop new and effective products. Astaxanthin also has anti-inflammatory properties. Other health benefits associated with astaxanthin are cardiovascular disease prevention, boosting immunity and bioactivity against Helicobacter pylori, and cataract prevention.

• Published: August 2021

Market Leader - Impact of COVID-19 on Construction Industry Market

The construction industry, which mirrors the economy, has taken a huge blow from the frequent lockdowns clamped to check the spread of the COVID-19 pandemic. Increasing automation in public spaces and rising awareness about antibacterial construction materials is expected to boost the construction industry in the future. However, amidst the global COVID-19 pandemic, the demand for construction equipment and materials have witnessed a sharp decline. The global construction market size is decline from USD 11,217.4 billion in 2019 to USD 10,741.2 billion in 2020. However, the industry showed signs of recovery since the beginning of 2021 and is expected to reach a market size of USD 13,572.4 billion in 2024, projecting a CAGR of 6.0% between 2020 and 2024.

• Published: August 2021

Prysmian Group (Italy) and Nexans S.A. (France) are Leading Players in the Fire-Resistant Cable Market

The global fire-resistant cable market size is projected to grow from USD 1.8 billion in 2021 to USD 2.1 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 3.3% during the forecast year. According to Nexans S.A., one of the leading electrical & electronic cable manufacturer, “Fire resistant cables ensure integrity of function during a fire by enabling the security systems (video surveillance, smoke ventilation, and audio alarms, amongst others) to continue functioning for a certain time after the fire has started. These cables are an essential component of any alarm circuit. During fires, buildings should remain functional to help in the evacuation process. People’s safety is the priority: fire safety equipment like warning systems, smoke detector, smoke extractor, emergency exits, and fire lighting equipment are key and must remain functional.

• Published: August 2021

Market Leader - Low Intensity Sweeteners Market

The global low intensity sweeteners market size is estimated to be valued at USD 2.9 billion in 2021 and is projected to reach USD 3.6 billion by 2026, recording a CAGR of 4.6% during the forecast period in terms of value. The demand for low intensity sweeteners is increasing moderately, as innovative and low-calorie sweeteners continue to enter the market.

• Published: August 2021

Foremost Companies in the European Medical Equipment Maintenance Market: GE Healthcare (US) and Siemens Healthineers (Germany)

The European medical equipment maintenance market is projected to reach USD 19.0 billion by 2026 from USD 12.2 billion in 2021, at a CAGR of 9.3% during the forecast period. Growth in this market is primarily driven by the rising focus on preventive medical equipment maintenance, growth in associated equipment markets, adoption of innovative funding mechanisms, growing government initiatives to improve healthcare infrastructure of hospitals and the increasing purchase of refurbished medical equipment. However, the high initial costs and significant maintenance expenditure may hinder the growth of this market during the forecast period.

• Published: August 2021

Aircraft DC-DC Converter Companies - TDK-lambda (Japan) and MURATA (Japan) are the Key Players

The global aircraft DC-DC converter market size is projected to grow from USD 0.7 billion in 2021 to USD 1.7 billion by 2030, at a CAGR of 10.3% from 2021 to 2030. The market is driven by factors such as development of More Electric Aircrafts (MEAs) and Drone Taxis, growing demand for commercial aircrafts and advancements in interior systems of Business Jets and helicopters

• Published: August 2021

Cellular IoT Companies - Quectel (China) and Thales Group (France) are the Leading Manufacturers

Cellular IoT refers to the technology that uses cellular networks to connect physical devices to the internet. It relies on 2G, 3G, 4G, 5G, and LPWAN technologies, such as LTE-M and NB-IoT, for the transmission and reception of data. The standards for cellular network technology are maintained by the 3rd Generation Partnership Project (3GPP), which is responsible for developing the protocols for each next-generation cellular network. As such the key business drivers for penetration of these cellular IoT technologies include increasing deployment of cellular IoT modules in smart city infrastructure and building automation verticals, and growing demand for cellular IoT in agricultural automation and environmental monitoring. The cellular IoT market is projected to grow from USD 3.9 billion in 2021 to USD 15.4 billion by 2027.

• Published: August 2021

Kuraray Co Ltd. (Japan) and Asahi Kasei Chemical Corporation (Japan) are leading players in Barrier Resins Market

The barrier resins market exhibits high growth potential and is projected to reach a market size of USD 16.6 billion by 2026 from USD 12.4 billion in 2021, at a CAGR of 5.9 %. The market growth is being led by the ease of use and customization of barrier resins products. They provide great protection against moisture, UV rays, heat and many more external factors. They do not react with the chemicals being stored in them and protects their integrity. The growing demand in the packaging industry specially in food & beverage. APAC region is the largest market for barrier resins. Barrier resins are preferred over traditional packaging for being lightweight, customizable, moisture and leak-proof qualities, and ease of use. The only major concern was the environmental impact of non-biodegradable films which is getting slowly settled by the introduction of bio-based barrier resins.

• Published: August 2021

Carlisle (US) and Amvic Building Systems (Canada) are Leading Players in the Geofoam Market

The global market size for geofoam is estimated at USD 755 million in 2021 and is projected to reach USD 1,037 million by 2026, at a CAGR of 6.5% between 2021 and 2026, owing to the increase in infrastructural development and rise in spending on infrastructures, such as roads, highways, residential buildings, and other constructions. Expanded polystyrene segment is projected to grow at a faster rate during the forecast period, from 2021 to 2026. Expanded polystyrene (EPS) is the most widely used type of geofoam for construction purposes because of its simple manufacturing process, flexible size, recyclability, another properties.

• Published: August 2021

Unmanned Electronic Warfare Companies - Lockheed Martin Corporation (US), Northrop Grumman Corporation (US) are the Key Players

The Unmanned Electronic Warfare Market is projected to grow from an estimated of USD 685 million in 2021 to USD 847 million by 2026, at a CAGR of 4.3% in terms of value during the forecasted period of 2021 to 2026.  . It is witnessing significant growth due to increasing new technologies and demand of going unmanned electronic warfare systems. Significant technological advancements and integration of electronics in military equipment are resulting in a shift towards multilayered defense systems, which is expected to drive the unmanned electronic warfare market during the forecast period. Adding to these factors, the increase in the use of UAV systems and the need for ground surveillance and communication jamming serve as opportunities for the unmanned electronic warfare market.

• Published: August 2021

Market Leader - Spices and Seasonings Market

The global spices and seasonings market is expected to grow from USD 21.3 billion in 2021 to USD 27.4 billion by 2026, at a CAGR of 5.2% from 2021 to 2026. The demand for spices and seasonings as key ingredients in various cuisines is rising globally. Factors such as the increasing demand for packaged or convenience food products and meat & poultry products, owing to changing consumer lifestyle, are expected to increase the demand for spices and seasonings globally. The demand for spices and seasonings is anticipated to increase in the Asia Pacific region owing to factors such as rising disposable income, rapidly growing fast food industry, and urbanization in countries such as China, India, and Japan. The rising consumer awareness about the medicinal benefits associated with the consumption of spices is also expected to increase the demand for spices and seasonings globally. However, increasing instances of unfair trade practices such as adulteration are expected to restrain the market growth. Though the prices of spices and seasonings are highly volatile and vary across different regions, the market is expected to grow significantly.

• Published: August 2021

Foremost Companies in the Hospital Acquired Infection Control Market: STERIS plc (US) and Getinge AB (Sweden)

The hospital acquired infection control market is projected to reach USD 31.3 billion by 2026 from USD 29.1 billion in 2021, at a CAGR of 1.5% during the forecast period. The growth of the hospital acquired infection control market can largely be attributed to factors such as the high incidence of hospital-acquired infections, the increasing number of surgical procedures, the growing geriatric population and the increasing incidence of chronic diseases, technological advancements in sterilization equipment, and the growing awareness of environmental & personal hygiene due to COVID-19. The increasing use of E-beam sterilization, reintroduction of ethylene oxide sterilization, and the growing healthcare industry and outsourcing of operation to emerging countries are expected to offer high-growth opportunities for market players during the forecast period.

• Published: August 2021

Arkema SA(France) and Honeywell International Inc( US) are the Leading Players in the Adsorbents Market

The global adsorbents market size is estimated to grow from USD 4.1 billion in 2021 to USD 5.6 billion by 2026, at a CAGR of 5.9% during the forecast period. The driving factors for the adsorbents market is the industry growth is backed by the large-scale developments in oil & gas processing and socio-economic advancements such as the increased use of adsorbents in maintaining purity standards in various applications and because of environmental concerns.

• Published: August 2021

Market Leader - Earthen Plasters Market

The global earthen plasters market size is estimated to grow from USD 86 million in 2021 to USD 103 million by 2026, at a CAGR of 3.5% during the forecast period. Thedriving factors for the earthen plasters market is the advantages of clay plasters over other natural plasters, the growth in industrial, commercial & residential construction activities. Thus, this driving factor is boosting the demand for the earthen plasters industry.

• Published: August 2021

Market Leader - Specialty Breathable Membranes Market

The breathable membrane market size is estimated to be USD 849 Million in 2021 and is projected to reach USD 1,145 Million by 2026, at a CAGR of 6.2%. Breathability of a membranes is defined as the ability of a membranes to transmit moisture through it. Breathability of membranes is measured in terms of the Moisture Vapor Transmission Rate (MVTR), which measures the transmission of vapors through a material in a given period of time. It is an important requirement in many industries where moisture can cause damage. Industries such as food packaging, pharmaceuticals, building materials, and consumer goods use breathable membranes to control the amount of moisture. Breathable membranes are also termed as breathable films.

• Published: August 2021

Market Leaders - Pea Processed Ingredients Market

The global pea processed ingredients market is expected to value at USD 3.1 billion in 2021 and is projected to reach nearly USD 5.0 billion by 2026, growing at a CAGR of 10.1% during the forecast period (2021-2026). The market for pea processed ingredients is segmented on the basis of different types, application, form and region. By different types the market has been segmented into protein, starch, flour and fibre. Pea protein is further segmented into isolates, concentrates and textured. Pea protein segment dominated the market in 2020 and is expected to display similar trend in the coming years. This is mainly due to the rising demand for healthier ingredients and awareness towards the benefits offered by pea protein. By different applications the market has been segmented into food, beverage and others that includes pet food, feed and industrial. Food segment dominated the market in 2020 owing to the increasing demand for meat and meat substitute products among the population. Food segment is further segmented into meat & meat substitutes, bakery, performance nutrition, functional foods, confectionery, snacks and other food applications that includes pasta, sauce, vermicelli etc. By different source the market has been segmented into yellow split peas, chickpeas and lentils.

• Published: August 2021

Lockheed Martins (US) and Raytheon Technologies (US) are leading players in Solid State Radar Market

Solid state radars replace the magnetron with electronic components to generate microwaves. These radars consume less power and have no consumable parts, which reduces the cost of operation. Solid state radars generate stable frequency signals, which eliminate background noise. The solid state radar market is projected to grow from USD  1.7 billion in 2021 to USD 2.0 billion by 2026.

• Published: August 2021

Coordinate Measuring Machine Companies - Hexagon (Sweden) and Nikon Corporation (Japan) are the Key Players

The global coordinate measuring machine (CMM) market size is expected to reach USD 4.3 billion by 2026 from USD 2.8 billion in 2021, growing at a CAGR of 8.8%. The key factors driving the growth of the market include the growing use of 3D data in modeling and analytical applications, increasing R&D spending on developing metrology products, and thriving automotive sector.

Major Coordinate Measuring Machine companies include: 

• Zeiss Group (Germany),
• FARO Technologies (US),
• Hexagon (Sweden),
• Nikon Corporation (Japan),
• Mitutoyo (Japan),
• Tokyo Seimitsu (Japan),
• Keyence Corporation (Japan),
• Creaform (Canada),
• Perceptron (US), and
• Wenzel  Group (Germany)  are among a few major players in the CMM market.

• Published: July 2021

Trinseo (US) and BASF (Germany) are Leading Players in the Latex Binders Market

The global latex binders market size is projected to reach USD 9.0 billion by 2026 at a CAGR of 6.5% from USD 6.6 billion in 2021. The increasing demand from technical textiles, increase in demand for protective coatings for roofs and floors in industrial and commercial facilities, increasing demand from emerging economies, and rising per capita consumption of paints is driving the market for latex binders.

• Published: July 2021

ATI Specialty Alloys & Components (US) and SAES Getters S.P.A. (Italy) are the Leading Players in the Shape Memory Alloys Market

The global Shape Memory Alloys market size is estimated to be USD 11.0 billion in 2021 and is projected to reach USD 18.8 billion by 2026, at a CAGR of 11.2% between 2021 and 2026. The growth in the market is highly attributed to the increasing demand for SMAs in the manufacturing of biomedical devices & surgical instruments, aircraft components and automotive actuators, and consumer electronics. North America is the largest market for SMAs, owing to huge demand from biomedical device manufacturing. The growth in the market is also attributed to the increasing demand for high-quality life-saving medical devices and better automotive & aircraft components. The physical properties of SMAs are encouraging their use in various end-use industries.

• Published: July 2021

Electronic Flight Bag Companies - Raytheon Technologies Corporation (US), Honeywell International Inc. (US) are the Key Players

The Electronic Flight Bag (EFB) Market is estimated to grow from USD 2.4 Billion in 2021 to USD 3.3 Billion by 2026, at a CAGR of 6.2% from 2021 to 2026. Some of the major factors driving this market include reduction in aircraft weight through EFB incorporation, increase in aircraft deliveries, real-time data sharing through EFBs, and the use of EFBs for helicopters and eVTOL vehicles.

• Published: July 2021

Market Leadership - Marketing Resource Management Market

The Marketing Resource Management (MRM) Market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 10.9 % during the forecast period, to reach USD 5.5 billion by 2026 from USD 3.2 billion in 2021. Increased digitalization during COVID 19, rising demand of SaaS based solutions among small enterprises to enhance marketing operations, increased focus on investing in the latest technologies to improve marketing practices are expected to spur the demand for MRM offerings across the globe.

• Published: July 2021

Market Leaders - Industrial Counterweights Market

The industrial counterweights market is expected to grow from an estimated USD 6.7 billion in 2021 to USD 8.5 billion by 2026, at a CAGR of 4.5% during the forecast period.  Cast iron, followed by carbon steel, is widely used in manufacturing of industrial counterweights.

• Published: July 2021

Henkel AG (Germany), H.B. Fuller (US) are Leading Players in the Americas Structural Adhesives Market

The Americas Structural Adhesives market is projected to grow from USD 3.0 billion in 2021 to USD 3.8 billion by 2026, at a CAGR of 5.1% between 2021 and 2026. The growth of the structural adhesives market is primarily driven by the increasing use of modified epoxies and polyurethane adhesives, along with increasing penetration of methyl methacrylate adhesives in wind energy, marine, building & construction, and automotive applications.

• Published: July 2021

Aerospace Valves Companies - Eaton Corporation PLC (Ireland), Safran (France) are the Key Players

The global Aerospace Valves Market size is projected to grow from USD 11.4 billion in 2021 to USD 14.0 billion by 2026, at a CAGR of 4.1% from 2021 to 2026. The market is driven by various factors, such as increase in global aircraft fleet size, short replacement cycle of aerospace valves and growing demand for Unmanned Aerial Vehicles.

• Published: July 2021

Medical Alert Systems Companies - Philips (Netherlands) and Connected America (US) are the Key Players

The medical alert systems market is expected to grow from USD 6.8 billion in 2021 to USD 11.1 billion by 2026; it is expected to grow at a CAGR of 10.3% during the forecast period. Home based users and assisted living facilities are the key applications, which dominate the medical alert systems market and also contribute significantly to its growth.

• Published: July 2021

Market Leader - Automotive Adhesive Tapes Market

The global automotive adhesive tapes market size was USD 8.5 billion in 2020 and is projected to reach USD 12.1 billion by 2026, at a CAGR of 5.9% between 2021 and 2026, owing to an increase in demand of automotive adhesive tapes in lightweight hybrid vehicles. Poly-vinyl chloride is projected to record the fastest growth during the forecast period, at a CAGR of 7.1% from 2021 to 2026. Poly-vinyl chloride, as a backing material for adhesive tapes, caters to some of the largest applications in automotive industry, such as wire harnessing, UV resistance, electrical insulation, device shielding, and others.

• Published: July 2021

Aircraft Exhaust System Companies - Magellan Aerospace (Canada) and GKN (UK) are the Key Players

The Aircraft Exhaust System Market was valued at USD 661.3 million in 2017 and projected to reach USD 987.4 million by 2023, at a CAGR of 7.78 % during the forecast period. The objective of this study is to analyze the aircraft exhaust system market. It also aims to define, describe, and forecast the aircraft exhaust system market segmented on the basis of aviation type, system, component, end user, and region. 2017 has been c.

• Published: July 2021

Hand Tools & Woodworking Tools Companies - Stanley Black & Decker, Inc. and Apex Tool Group are the Key Players

The hand tools and woodworking tools market size is expected to grow from USD 8.4 billion in 2021 to USD 10.3 billion by 2026, at a CAGR of 4.0%. The growth of the market is attributed to the increasing commercial as well as residential construction and infrastructure projects, adoption of hand tools in households for residential/DIY purposes as well as growing manufacturing setups and increasing repair and maintenance operations across the world.

• Published: July 2021

Market Leader - Refrigeration Oil Market

The refrigeration oil market size is projected to reach USD 1.4 billion by 2026 from USD 1.1 billion in 2021, at a CAGR of 4.1%. Growing demand for frozen food and in the pharmaceutical industry is expected to support the growth of the refrigeration oil market. However, huge investment in R&D and strict rules to limit the use of fluorocarbon refrigerants is restraining the growth of the market. On the other hand, innovation in product development has created opportunities for manufacturers.

• Published: July 2021

Market Leader - Specialty Tapes Market

The global specialty tapes market size was USD 45.9 billion in 2020 and is projected to reach USD 67.2 billion by 2026, at a CAGR of 6.4% between 2020 and 2026. The driving factor for the specialty tapes market is the growing use of specialty tapes in diverse end-use industries.

• Published: July 2021

Berry Global Inc. (US) and Mondi (UK) are the Key Players in the Flexible Plastic Pouches Market

The global flexible plastic pouches market size is estimated at USD 53.7 billion in 2021 and is projected to reach USD 73.5 billion by 2026, at a CAGR of 6.5%, between 2021 and 2026. Flexible plastic pouches are single-use bags commonly made of plastic, metal foil, and paper. They are used for packaging everything from snack foods to industrial liquids and are commonly found on supermarket shelves across the globe. These are extensively used in food packaging because many of them are resealable, environmentally friendly, and cheaper than alternatives like glass, metal, and cardboard containers. These plays a vital role in keeping the product fresh, damage proof, and acts as an excellent marketing tool. Their widespread adoption is attributed to a lower carbon footprint than the alternative packaging materials mentioned above and take up less space in landfills.

• Published: July 2021

Drone Taxi Companies - Airbus (Netherlands), Boeing (US) are the Key Players

A Drone Taxi can be used to carry passengers for intracity or intracity transportation. They will be equipped with cutting-edge technology that is silent, safe, and environmentally friendly. Drone taxis are designed to fly remotely piloted or autonomously, avoid obstacles, and take-off, fly, and land precisely every time. Drone taxi propulsion can be fully electric or hybrid electric. Some of the advantages of drone taxis include reduction in traffic congestion, sustainability, increased transportation efficiency, and noise reduction. The global drone taxi market is forecasted to grow from USD 74 million in 2025 to reach USD 860 million by 2030, at a CAGR of 63.0% during the forecast period. The growth of the Drone Taxi market is majorly attributed to the rapid increase in urban demographics and increasing demand of eVTOLs for intracity transportation in various countries.

• Published: July 2021

BASF (Germany) and Lanxess (Germany) are Leading Players in the Industrial PU Elastomer Market

The global industrial PU elastomers market size is projected to reach USD 10.5 billion by 2026 from USD 7.7 billion in 2021, at a CAGR of 6.3% during the forecast period. Industrial PU elastomers market has witnessed decent growth in the past few years. This growth can be primarily attributed to the increasing demand for highly efficient and lightweight materials in the transportation industry and stringent emission regulations by the government of various countries. Moreover, automotive manufacturers around the world prefer elastomers over conventional metals as they increase automobile efficiency by reducing fuel consumption, carbon emissions, and engine size. Similarly, increasing demand for highly efficient, lightweight, and comfortable materials across different end-use industries is also driving the consumption for industrial PU elastomers. On the other hand, instability of raw material prices challenges the growth of industrial PU elastomers market. Furthermore, hazardous impact on human health and environment and stringent emission levels also hampers the industrial PU elastomers market growth.

• Published: July 2021

Market Leader - Pipe Coatings Market

The current pipe coatings market is estimated to be USD 7.5 billion in 2021 and is projected to reach USD 9.4 billion by 2026, at a CAGR of 4.7% during the forecast period. Coatings are mainly used on pipelines to protect them from corrosion. The application of a coating involves huge investment; hence, they are selected based on their efficiency to sustain under harsh conditions and resist chemicals. Moreover, the coatings having a longer life and better protective properties are chosen for the pipelines. Hence, the leading players in the pipe coatings market are mainly focused on developing newer technological advancements in the existing coatings or combinations of new coatings, which are affordable, easy to apply, and able to sustain for a longer time.

• Published: July 2021

Oracle (US) and ABB (Switzerland) are leading players in Marine and Marine Management Software Market

The global marine and marine management software market size to grow from USD 1.7 billion in 2021 to USD 2.9 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 11.2% during the forecast period. Factors such as rising need to efficiently manage complex supply chain operations, increase sustainability across marine industry, and increasing demand for centralized administrative of data to reduce overall shipment costs and enhance shipyard productivity are driving the adoption of the marine software market across the globe.

• Published: July 2021

Henkel (Germany) and 3M (USA) are leading players in Low VOC Adhesives Market

The Low VOC adhesives market is projected to grow from USD 49.5 billion in 2021 to USD 63.3 billion by 2026, at a CAGR of 5.0% between 2021 and 2026. APAC is estimated to be the largest consumer of Low VOC adhesives. The global Low VOC adhesives market is driven by the growing demand for water based adhesives due to their flexibility, durability, and economic feasibility in manufacturing, paper & packaging industry.

• Published: July 2021

IBM (US) and Google (US) are leading players in Enterprise Collaboration Market

MarketsandMarkets forecasts the global Enterprise Collaboration Market size to grow from USD 47.2 billion in 2021 to USD 85.8 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 12.7% during the forecast period. Enterprise collaboration tools that utilize cloud services store all files and important information in a centralized location. Cloud services enable syncing all the changes made in real-time to enhance collaboration in organizations. Hence, organizations are spending more toward the adoption of cloud services.

• Published: July 2021

Market Leaders - Solid-State Car Battery Market

The global solid-state car battery market size is projected to grow from 27,070 units in 2025 to 661,724 units by 2030, at a CAGR of 89.5%. Factors such as increasing demand for electric vehicles around the world, higher battery capacity and EV range using solid-state car batteries, Solid-state car batteries will be a major game-changer for electric vehicles. They will have superior battery capacity, high safety features, longer battery life, and can be charged much faster compared to present lithium-ion batteries. These batteries will make EVs have a longer range and faster-charging capacity. Major OEMs such as Volkswagen, Toyota, Hyundai, Ford, BMW, GM, Stellantis, Renault, Mitsubishi, Nissan, and BYD, are working on developing solid-state battery-enabled EV’s in the coming decade.

• Published: July 2021

Military Sensors Companies - Honeywell International (US), Raytheon Technologies (US) are the Key Players

The Military Sensors Market is estimated at USD 9.9 Billion in 2021 and is projected to reach USD 13.2 Billion by 2026, at a CAGR of 5.9% from 2021 to 2026. The military sensors market is growing at a significant rate across the world, and a similar trend is expected to be observed during the forecast period. Increasing demand for battlespace awareness among defense forces, ongoing advancements in MEMS technology, increasing use of UAVs in modern warfare and increasing focus on weapon system reliability are fueling the growth of the military sensors market.

• Published: July 2021

Market Leader - Power Plant Control System Market

The global power plant control system market is projected to reach USD 10.2 billion by 2026 from an estimated USD 7.2 billion in 2021, at a CAGR of 7.3% during the forecast period. The growing need for zero downtime power supply solutions for critical power applications is the major driver of the rotary or power plant control system market. The advantages of rotary UPS such as high efficiency, fewer space requirements, and low lifetime costs are expected to further drive the demand. Increasing data center investments are expected to be the single biggest contributing factor to the growth of power plant control system market during the forecast period.

• Published: July 2021