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Market Leader - Metal Forming Market for Automotive

The metal forming market for automotive is expected to grow at a CAGR of 3.22%, by value, during the forecast period. The market is estimated to be USD 172.5 billion in 2020 and is projected to reach USD 202.2 billion by 2025. An increasing number of environmental regulations are being implemented globally owing to rising concerns pertaining to carbon emissions by vehicle exhausts. In order to achieve the emission limits, OEMs are focusing on lightweight materials for the automotive industry. The use of lightweight materials reduces the fuel consumption of vehicles as less weight consumes low energy at the time of acceleration. Efficient design, material selection, manufacturing, and assembly result in effective light weighting. Lightweight materials such as steel and aluminum are used to manufacture BIW, Chassis, and Closures and many other applications. As forming is the best suited technique for steel and aluminum, forming technologies are expected to drive the metal forming market for automotive. Apart from the vehicle lightweight trend, corona virus outbreak also has a significant impact on the metal forming market for automotive.

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June 29, 2020

3M (US) and ZOLL Medical (Japan) are Leading Players in the Temperature Management Systems Market

The temperature management market is projected to reach USD 3.2 billion by 2025 from USD 2.4 billion in 2020, at CAGR of 5.1% during the forecast period. Temperature management is the process of regulating a patient’s body temperature during a specific medical/surgical condition. There are two main types of temperature management systems— warming and cooling—that are used to maintain and regulate a patient’s normal body temperature. The growth in this market is driven by the increasing global incidence of chronic conditions and the subsequent increase in the number of surgical procedures.

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June 29, 2020

Johnson Controls International (Ireland) and Honeywell (US) are leading players in Smart Home Market

The global smart home market size is expected to grow from USD 78.3 billion in 2020 to USD 135.3 billion by 2025, at a CAGR of 11.6% during the forecast period. The growth of the market is driven by various factors, such as increasing number of internet users & growing adoption of smart devices, increasing disposable income of people in developing economies, the rising importance of home monitoring in remote locations, growing need for energy-saving & low carbon emission-oriented solutions, the rapid proliferation of smartphones & smart gadgets, expansion of smart home product portfolio by a large number of players, growing concern about safety, security, and convenience among the general population

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June 29, 2020

Market Leaders - Feed Enzymes Market

The global feed enzymes market size is estimated to be USD 1.3 billion in 2020 and is projected to reach USD 1.9 billion by 2025, at a CAGR of 8.1% during the forecast period. The market has a promising growth potential due to several factors, including the stringent safety regulations on livestock safety across the globe, increasing demand for meat and dairy products among consumers, and rising population with an increasing disposable income in emerging economies.

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June 29, 2020

Market Leader - Healthcare IT Integration Solutions Market

The global healthcare IT integration solutions market size is projected to reach USD 6.0 billion by 2025 from USD 3.5 billion in 2020, at a CAGR of 11.4% during the forecast period. The increasing need for integration primarily drives the market for healthcare IT integration solutions as a result of the rising healthcare costs and the growing volume of data generated in healthcare systems. The need to improve patient safety and favorable government and private support for HCIT will also contribute to market growth in the coming years. However, the high cost of HCIT integration is limiting the overall adoption of these solutions.

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June 29, 2020

Google (US) and Esri (US) are Leading Players in the Location-Based Services (LBS) and Real-Time Location Systems (RTLS) Market

MarketsandMarkets projects the Location-Based Services (LBS) and Real-Time Location Systems (RTLS) market to grow from USD 17.8 billion in 2020 to USD 39.2 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 17.1% during the forecast period. Major factors expected to drive the growth of the LBS and RTLS market include various applications of geospatial data; growing demand for LBS and RTLS solutions for industry applications; proliferation of social media, smartphones, and location-based apps among consumers; and a growing demand for geomarketing.

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June 29, 2020

Blowing Agent Market report analyzes the key growth strategies adopted by the leading market players, between 2014 and 2020

The global blowing agent market size is estimated at USD 1.1 billion in 2020 and is projected to reach USD 1.6 billion by 2025, at a CAGR of 9.5%, between 2020 and 2025. Blowing agents are defined as a chemical substance capable of producing pores or cells in polymeric compositions. They are used widely in generating the gas to expand rubber, plastics, and ceramics to create foams. They are highly utilized materials for manufacturing different types of polymeric foams to achieve specific properties and enhancing the nature of polymer parts.

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June 29, 2020

Market Leader - Manufacturing Execution System Market

The manufacturing execution system market is expected to grow from USD 11.9 billion in 2020 to USD 14.9 billion by 2025 at a CAGR of 4.5% from 2020 to 2025. A few key factors driving the growth of this market include the low deployment cost, need for mass production, and connected supply chain to cater to the growing population, increasing use of industrial automation in process and discrete industries, growing importance of regulatory compliance and fiscal policies formulated by regional financial institutions to keep manufacturing facilities floating amidst COVID-19 crisis.

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June 29, 2020

Market Leadership - Agricultural Robots Market

The agricultural robots market is projected to grow from USD 4.6 billion in 2020 to USD 20.3 billion by 2025; it is expected to grow at a CAGR of 34.5% from 2020 to 2025. Increasing the requirement of automating repetitive and laborious tasks, coupled with the reluctance of new farmers to enter into the agricultural industry, is leading to the automation of various agricultural processes. Decreasing costs of automation technologies such as the Internet of things (IoT) and global positioning systems (GPS) is expected to make automated farming products affordable to a large number of farmers worldwide. Active development of agricultural robots and their adoption from fruit harvesting to weed removal applications is expected to contribute to the growth of the agricultural robots market.

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June 29, 2020

Market Leader - Food Emulsifiers Market

The food emulsifiers market is estimated to be valued at USD 3.2 billion in 2020 and is projected to reach USD 4.0 billion by 2025, at a CAGR of 4.7%. The market is driven by the rise in consumption of convenience foods and premium products and a growing number of end-use applications due to the multifunctional attributes of the emulsifiers.

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June 26, 2020

F. Hoffmann-La Roche AG, Agilent Technologies and QIAGEN N.V. are Leading Players in the Companion Diagnostics Market

The companion diagnostics market is expected to reach USD 6.8 billion by 2025 from USD 3.7 billion in 2020, at a CAGR of 12.9% during the forecast period of 2020 to 2025. The growth of the companion diagnostics industry is tied primarily to its numerous advantages, the growing need for targeted therapy, the rising importance of personalized medicine, the increasing global incidence of cancer, and the ever-increasing application areas of companion diagnostics. The increasing demand for next-generation sequencing, the growing significance of companion diagnostics in drug development, and the rising number of clinical trials are also expected to present growth opportunities for players in the market. On the other hand, the high cost of companion diagnostic tests and the uncertain reimbursement scenario in different regions may limit the adoption of these tests, which will have an adverse impact on market growth. The COVID-19 pandemic and shortage of trained professionals may also challenge market growth to a certain extent in the coming years.

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June 26, 2020

Market Leaders - Industrial Hose Market

The global industrial hose market is expected to grow from USD 10.2 billion in 2020 to USD 16.4 billion by 2025; it is expected to grow at a CAGR of 9.9% during 2020–2025. Key factors fueling the growth of this market include the increasing demand for robust industrial hoses for critical applications in several industries, growing infrastructure-related developments, and rising demand for PVC material. The demand for robust industrial hoses is increasing across the world to avoid fatal accidents, ensure smooth material handling even in extreme environmental/operational conditions, and so on various industries such as pharamaceuticals, agriculture, chemicals, and oil & gas create a strong demand for industrial hoses for efficient industrial operations. in the midst of COVID-19.

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June 26, 2020

Coty, Inc. (US) and FXI Holdings, Inc. (US) are Leading players in the Cosmetic Applicator Foam Market

The cosmetic applicator foam market is projected to grow from USD 854 million in 2020 to USD 1,416 million by 2025, at a CAGR of 10.6% from 2020 to 2025. The growing cosmetic industry and the benefits of cosmetic applicator foams are the major factors driving the market for cosmetic applicator foam.

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June 26, 2020

Rich Communication Services (RCS) Market

The global Rich Communication Services (RCS) market size is projected to grow from USD 5.2 billion in 2020 to USD 11.7 billion by 2025, at a CAGR of 17.6% during 2020–2025. Major factors expected to drive the growth of the RCS market include an increasing number of advertising and marketing companies and Strict regulations for Over-the-Top (OTT) messaging services to boost the adoption of RCS.

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June 26, 2020

IBM (US) and Informatica (US) are leading players in Master Data Management Market

The global Master Data Management (MDM) market size is expected to grow from USD 11.3 billion in 2020 to USD 27.9 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 19.8% during the forecast period. The major driving factors in the MDM industry are increase in the use of data quality tools for data management and rising need for compliance.

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June 25, 2020

BASF SE (Germany), Corteva Agriscience (US) and Bayer AG (Germany) are Leading Players in the Nematicides Market

The global nematicides market size is estimated to be valued at USD 1.3 billion in 2020 and is projected to be worth USD 1.6 billion by 2025, recording a CAGR of 3.4% during the forecast period. The strong demand for high-value crops, crop losses due to nematodes, and advancements in farming practices and technology are some of the factors driving growth in the nematicides market.

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June 25, 2020

Market Leadership - Smart Irrigation Market

The smart irrigation market is estimated to be worth USD 1.0 billion in 2020 and projected to reach USD 2.1 billion by 2025, at a CAGR of 15.3%. The government initiatives undertaken for water conservation, growing smart cities, and need for efficient irrigation system to fuel the growth of smart irrigation systems. Moreover, the rising investments in the agriculture technology sector have propelled the growth the growth for smart irrigation management systems.

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June 25, 2020

Market Leaders - Automotive Lightweight Material Market

The global automotive lightweight material market is projected to grow from USD 69.7 billion in 2020 to USD 99.3 billion by 2025, at a CAGR of 7.3% during the forecast period. The increasing stringency of vehicle emission and fuel economy regulations and growing government initiatives for vehicle weight reduction are expected to drive the growth of the automotive lightweight material market.

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June 25, 2020

Market Leader - Syngas & Derivatives Market

The syngas & derivatives market is estimated at 2,45,557 MWth in 2020 and is projected to reach 4,06,860 MWth by 2025, at a CAGR of 10.6% from 2020 to 2025. The chemicals segment is estimated to lead the syngas & derivatives market in 2020, owing to increasing demand for derivatives such as methanol, ammonia, and FT synthesis products to manufacture chemical intermediates for use in chemical synthesis and to manufacture fertilizers and petrochemicals. In addition, high demand for chemical intermediaries in the production of hygiene and sanitization and pharmaceutical products due to outbreak of COVID-19 is anticipated to fuel the growth of syngas and its derivatives in the chemical segment. Manufacture of chemicals and fuels was marked as critical infrastructure and as essential goods and services, which led to continuation in the operations and production of syngas derived chemicals, fuel, and electricity to meet the demand across the world. Furthermore, rising environmental concerns due to excess usage of traditional fuels are expected to fuel the growth of the syngas & derivatives market.

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June 24, 2020

Market Leaders - Fiber Cement Market

The global fiber cement market size is projected to grow from USD 16.4 billion in 2020 to USD 20.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 4.4% during the forecast year. The growth of this market is attributed to the increasing construction activities in the residential and non-residential sectors and government regulations pertaining to the use of asbestos.

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June 24, 2020

Market Leader - Respiratory Care Devices Market

The respiratory care devices market is expected to reach USD 29.9 billion by 2025 from USD 16.0 billion in 2019, at a CAGR of -12.5% during the forecast period of 2020 to 2025. Due to the outbreak of corona virus globally, there is a sudden rise in the demand for respiratory care devices. Thus, the respiratory care devices market witnessed a CAGR of 261.1% between 2019 and 2020. In 2020, respiratory care devices market reached to USD 58.1 billion. The growth of this market is mainly attributed to the high prevalence of respiratory diseases, rising aging population across the globe, high prevalence of smoking, rising urbanization and pollution levels, increasing incidence of preterm births, and lifestyle changes. However, a lack of awareness—leading to a large underdiagnosed and undertreated population—and the harmful effects of certain respiratory care devices on neonates have hampered market growth to an extent.

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June 24, 2020

Steris Corporation (US) and Getting Group (US) are Leading Players in the Sterilization Equipment Market

The sterilization equipment market is projected to reach USD  13.6 billion by 2025 from USD  12.1 billion in 2020, at a CAGR of 2.5% from 2020 to 2025. Sterilization is a process that involves the removal of microorganisms and other pathogens from an object or surface by treating it with chemicals or subjecting it to high heat or radiation. Sterilization is an integral part of infection control procedures. The growth of this market is driven by the rising incidence of hospital-acquired infections, increasing number of surgical procedures, and growing focus on food sterilization and disinfection.

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June 24, 2020

New Revenue Pockets - Automotive Lighting Market

The global automotive lighting market size is projected to grow from an estimated value of USD 27.0 billion in 2020 to USD 34.9 billion in 2025, at a CAGR of 5.3% during the forecast period from 2020 to 2025. Significant increase in the demand for new car sales and a considerable amount of usage of advanced lighting are surging the demand for automotive lighting in the market. With a soaring per capita income with a high purchasing parity, consumers can invest in advanced lighting features like adaptive lighting, thus, driving the market growth in the upcoming years.

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June 24, 2020

Mergers & acquisitions, investments & expansions, and new product development have been the major strategies adopted by the key players in Pressure Sensitive Adhesives Market

The global pressure sensitive adhesives market size is projected to grow from USD 9.5 billion in 2020 to USD 12.8 billion by 2025, at a CAGR of 6.0% during the forecast period. Wider acceptance of pressure sensitive adhesives due to their low cost and ease-of-use have led to its increase demand over the past few years. The growth of the packaging industry in the emerging countries of APAC and South America is driving the demand for pressure sensitive adhesives in these regions.

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June 24, 2020

Market Leadership - LiDAR Market

The LiDAR market is projected to grow from USD 1.1 billion in 2020 to USD 2.8 billion by 2025, at a CAGR of 20.7% from 2020 to 2025. Major factors driving the growth of the LiDAR market include rising adoption of LiDAR systems in UAVs, increasing adoption of LiDAR in engineering and construction applications, use of LiDAR in geographical information systems (GIS) applications, the emergence of 4D LiDAR, and easing of regulations related to use of commercial drones in different applications.

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June 24, 2020

Market Leader - Machine Vision Market

The global machine vision market is expected to grow from USD 9.6 billion in 2020 to USD 13.0 billion by 2025, at a CAGR of 6.1% during the forecast period. The machine vision market is growing owing to the increasing demand for quality inspection and automation, increasing demand for vision-guided robotic systems, increasing adoption of 3D machine vision systems in applications such as automotive, construction and infrastructure, consumer goods, food and packaging, transportation, and medical and life sciences. However, most of these industries remained shut during the COVID-19 outbreak. The lesser demand of these end user applications in the market will impact the machine vision market for the years 2020 and 2021 with its bouncing back in 2022.

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June 24, 2020

Market Leader - Oral Care/Oral Hygiene Market

The global oral care/oral hygiene market is projected to reach USD 53.3 billion by 2025 from USD 45.8 billion in 2020, at a CAGR of 3.1%. The increase in the prevalence of dental caries, periodontal diseases, and other dental diseases; growing awareness about oral hygiene, rising dental healthcare expenditure; and an increasing number of small/private clinics with dental dispensaries are some of the factors contributing to the growth of this market. However, the competitive pricing pressure faced by prominent players is hampering the growth of the oral care/oral hygiene market.

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June 24, 2020

Key players adopted various strategies, such as merger & acquisition, investment & expansion, new product development, and partnership, contracts & agreements between 2015 and 2020 in Synthetic Paper Market

The global synthetic paper market size is projected to grow from USD 526 million in 2020 to USD 819 million by 2025, at a CAGR of 9.2% between 2020 and 2025. The major driving factors of the market include eco-friendly synthetic paper and wide application areas of synthetic paper.

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June 24, 2020

Market Leader - Catheter Stabilization /Securement Device Market

The catheter securement devices market is projected to reach USD 1.90 billion by 2025 from USD 1.18 billion in 2020, at a CAGR of 10.0% from 2020 to 2025. Catheter securement devices are used to stabilize the catheters in order to avoid any forms of infections. There are different types of securement devices depending on the catheters they are placed with such as arterial, peripheral, and central venous catheters. The growth of this market is driven by the growing global prevalence of heart diseases, increasing healthcare expenditures, increasing adoption of technically sound securement devices, and the increasing investments in emerging economies.

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June 24, 2020

Market Leaders - Microcapsule Market

The microcapsule market is projected to grow from USD 8.7 billion in 2020 to USD 13.9 billion by 2025, at a CAGR of 9.8% from 2020 to 2025. The major reasons for the growth of the microcapsule market include increasing demand from the food industry, high demand from the pharmaceutical industry, rising demand from the agrochemical sector, increased R&D activities for process efficiency to enhance market penetration, and widespread applications of microcapsules.

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June 24, 2020

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