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Advanced Phase Change Material (PCM) by Type (Organic, Inorganic and Bio-based), Application (Building & Construction, Energy Storage, HVAC, Shipping & Transportation, Electronics, Textiles, and Others) – Trends & Global Forecast to 2023

The total advanced PCMs market is valued at USD 900 million as on 2017 and is likely to reach USD 2,192 million by the end of 2023, growing at a CAGR of 16%. Growing concerns towards energy saving processes, sustainable development, increasing demand of biodegradable materials, and advancement in packaging science is driving the market for advanced PCMs globally. However, presence of harmful chemicals in PCMs and lack of government inventiveness and encouragement for the use of PCM products is to remain a major challenge for the advanced PCMs industry in near future. In 2018, Europe accounts for the largest market share in advanced PCMs market followed by North America and Asia-Pacific. Growing construction activities in developing nations such as China, India, and Brazil is the main driver for the demand of PCM products. The governments in these nations is in a process of adopting environment-friendly legislation, which will further drive the demand of these products in these regions Also, continuous efforts of developed nations such as the US, EU-27, and Japan to save energy by optimizing the use of fossil fuels is further driving the use of PCM products in various applications. [<<img 2.png>>] PCMs are broadly segmented into inorganic PCMs, organic PCMs, and bio-based PCMs. Organic PCMs are further classified as paraffin and non-paraffin materials, whereas inorganic phase changed materials segmented into salt hydrate and metallic. Bio-based advanced PCMs are mostly derived from plant oil or animal fat and poses higher biodegradability. Organic PCMs holds the largest market share in terms of value due to their high price. However, inorganic PCMs have the high consumption in terms of volume. Growing environment concerns and stiff regulation towards biodegradability, is expected to drive the demand of bio-based PCMs in coming years. In 2017, building and construction is the largest application of PCMs due to their high use in building and construction activities especially in cooling buildings which in turn has arisen due to the shift from heavy thermal mass design to lightweight architecture. However, textile application is expected to have the highest CAGR of 25% from 2017 to 2023. Market Players in PCM market adopt commonly adopting marketing strategies to position their products, which includes advertising PCM products as being cost and energy efficient and environmentally friendly products. Some of the key strategies and expansion plans adopted by top market players include joint ventures, investments, acquisitions, and collaboration with universities and research institutes to develop new products. Some of the major market players active in the industry include Outlast Technologies, CSafe Global, Dow Chemicals, DuPont BASF, Henkel, and Entropy Solutions. ...

 2/24/2018 |  Chemicals & Materials

Global Automation Market by (Discrete & Process Industries ), By type (DCS,PLC,MES,SCADA,HMI,ECU & Others), Industry (Oil and Gas, Water & Waste water, Power generation, Chemicals, Marine , Automotive & others) - Global Trends & Forecasts Upto 2023

Industrial control and factory automation is the convergence of smart mechanical technologies with information technology. Organizations across process as well as discrete industries use industrial control and factory automation solutions to improve operational efficiency and minimize or reduce human intervention. The market is mainly driven by the adoption of IoT and advancement in M2M communication technology, as they help manufacturers to better analyze the real-time data and act accordingly for predictive maintenance. The adoption of advanced manufacturing practices in the U.S. and a few countries in Europe and growing demand of robotics and other automation technologies in emerging economies such as China is expected to create growth opportunities for the industrial control and factory automation market in near future. The increasing end user investments in the field of monitoring, visualization, and control equipment, enhances the global SCADA market growth and transform into an indispensable part of industrial automation. However, the future of factories and enterprises depends largely on how the next generation SCADA is designed and deployed across complex industrial applications. The adoption SCADA is increasing with the emergence of smart manufacturing. In addition, there is a paradigm shift towards application development that helps in better control and communication among different devices. Such apps are enabling operators to remotely monitor and modify important data of key parameters such as pressure, temperature, and flow among others, via smartphones and tablets. One such app is ProSoft i-View introduced by ProSoft Technology Inc. (U.S.), which provides real-time remote SCADA and process control capability for plant operators. The product works with the Ethernet/IP or Modbus TCP/IP networks and can display live process control values in a list format, including user-established variance allowances with realtime alarms and notifications. The technological developments in SCADA system and its deployment through integration of other solutions enabled the manufacturers to have more opportunities. This emerging trend is increasingly becoming evident with globalized service support and cost factors playing a crucial role. The key players operating in this segment include ABB Limited (Switzerland), Rockwell Automation Inc. (U.S.), and Schneider Electric (France), among others The Americas accounted for the largest share of the industrial control and factory automation market in 2017. This large share can be attributed to the presence of major vendors of industrial control and factory automation products and the adoption of these products by a large number of end users in the region. The market in Asia-Pacific is expected to grow at the highest CAGR from 2017 to 2023, and accounted for a share of major of the industrial control and factory automation market in 2017. The growth of the industrial control and factory automation market in Asia-Pacific is driven by the growing industrial sectors in China and India. Furthermore, the adoption of factory automation products in China is increasing, as a large number companies operational in the automotive sector have set up their manufacturing plants in the country. Factory automation solutions are being rapidly adopted by several manufacturers in the automotive sector for faster production process, improved operational efficiency, and reduced of complexity of the production process. Major companies operational in the industrial control and factory automation market include Siemens AG (Germany), Emerson Electric Co. (U.S.), General Electric Company (U.S.), Schneider Electric SE (France), Honeywell International, Inc. (U.S.), Rockwell Automation, Inc. (U.S.), Yokogawa Electric Corporation (Japan), Mitsubishi Electric Corporation (Japan), and ABB Ltd. (Switzerland)Smart Home technology moving towards connected systems from connected devices. ...

 2/24/2018 |  Semiconductors

Agricultural Films Market by Type (HDPE, LDPE, LLDPE, EVA and Reclaim PE), Application (Green House, Plastic Tunnels, Mulch films, Silage Films) and By Color (Transparent, Green, Yellow, Black and Silver) - Global Forecast to 2023

The global agricultural films market was valued at $ 8.3 billion in 2017 and is expected to grow at 6.0% CAGR during 2017-2023 and reach at $ 11.2 billion 2023. The increasing drought affected land, decreasing arable lands and growing demand of the food, fruits and vegetables are the primary factors for the growth of agricultural films market. In terms of types of agricultural films, Linear Low Density Polyethylene (LLDPE) agricultural film is expected to account for the largest market share and is projected to lead the market over the forecast period. LLDPE film is highly demanded by the consumers because of its moisture barrier, mechanical properties, high resistance of sunlight and optical properties. LLDPE and LDPE are in high demand in Asia Pacific region due to the scarcity of water. High Density Polyethylene (HDPE) and Low Density Polyethylene (LDPE) and Ethylene Vinyl Acetate (EVA) are other popular agricultural films. Mulch film was the largest market segment in 2017 and is expected to grow at highest growth during the forecast period. The mulch films are highly suitable for the supressing the weed growth, regulating and conserving the soil moisture and maintaining a good root zone. Greenhouse films are expected to grow at 10.6% CAGR over the forecast period. Rising demand for flowers and vegetables in resulting in growth of floriculture & horticulture. Coupled with demand of greenhouse films in floriculture & horticulture, adverse climatic conditions are expected to result in market growth of agricultural films. In terms of colors, black, black/white and black/silver are the most demanded color in mulch film. Black mulch films are highly resistant to sunlight and controls the weed growth. Transparent is the most preferred color in greenhouse films and plastic tunnels. The transparent or clear agricultural film provides the fruits and vegetables from frost, rain, snow and wind, the controlled exposure of sunlight helps vegetables and flowers to ripen faster. Asia Pacific was the leading region in 2017 and is expected to remain a market leader over the forecast period. Increasing government initiatives in many countries such as India, China for research and development of protected agricultural practices are the major factors for driving the market growth in the region. China is estimated to be the fastest growing country in agricultural films over the 2023. North America and Europe are expected to witness an average growth during 2017-2023 due to the stringent regulations regarding the usage and disposal of the agricultural films. Many companies are working closely with the farmers and consumers to address the need and desired qualities in agricultural films. In 2016, BASF launched a bio-degradable premium-polymer “ecovio”. The ecovio films can be ploughed back into the soil, where they biodegrade which saves time and in money. Some of the other important players operating in agricultural film market are BASF, Kuraray, Essen Multipack, Ginegar Plastics, AT Films, Berry Global, Plastika Kritis S.A., Trioplast Industrier AB , Coveris, Britton Group Limited, Agri Plast Tech India Pvt. Ltd., Plastik V SDN BHD, Ab Rani Plast Oy, Grupo Armando Alvarez, The DOW Chemical Company, RPC Group PLC, Rival Tech China and Shandong Shouguang Longxing Agricultural Film Co., Ltd. ...

 2/24/2018 |  Chemicals & Materials

Microspheres Market, By Type (Hollow, Solid), Raw Material (Glass, Ceramic, Fly Ash, Polymer, Metallic), Application (Construction Composites, Pharmaceuticals &, Cosmetics, Automotive, Oil & Gas) – Global Market Trends & Forecasts Upto 2025

The microspheres market is estimated to account for $ 4.3 billion in 2017, and is projected to grow at a CAGR of 8.5% to reach $ 7.0 billion by 2023. The superior structural properties of microspheres led to its increase in demand in existing and emerging applications which is driving the microspheres market globally. Growing need for advanced drug delivery systems and drug carriers is expected to be a major factor for the growth of microspheres over the forecast period. The major restraints and challenges observed in this market are volatility in raw material prices, high cost of production, and high investments in R&D. The opportunities for players in the microspheres market lies in exploring the demand from infrastructure development and expansion of healthcare segment in emerging economies of Asia-Pacific. Hollow microspheres account for the largest share in the microspheres market with respect to types, followed by solid microspheres. The properties of hollow microspheres such as low crush strength, density, and absorption makes them a popular choice thus driving their demand globally. However, the application of solid microspheres depends on their size. [<<img 7.png>>] On the basis of raw material, microspheres market can be classified as glass microspheres, polymer microspheres, ceramic microspheres, fly ash microspheres, and metallic microspheres. In 2017, Glass microspheres account for the largest share and is expected to continue as the largest segment during the forecast period. Glass microspheres are preferred owing to their excellent properties such as lower viscosity, high melting point, and high chemical resistance in comparison to its counterparts. This has led to its increasing demand across high-value and growth industries such as automotive, biomedical, life sciences application, microscopy, and high-tech equipment and specialty. Ceramic microspheres find vast applications in coatings segment as they posses high crush strength and hardness thus enhancing the durability of coatings. In the applications segment, microspheres market is dominated by the construction composites application. The expansion of the construction industry in the emerging economies such as India and China drives the demand for microspheres in the construction composites application. Pharmaceuticals & healthcare application is expected to be the fastest growing among all applications during the forecast period i.e. 2018-2023. This is owing to the increased investments in R&D of the drug delivery systems which will contribute to the growing demand of microspheres. Steady growth is expected in Cosmetics and Paint & Coatings industry across emerging economies. Increasing demand for light-weight materials, syntactic foams, and ablative materials is anticipated to drive the microspheres demand in aerospace applications. In 2017, North America is the largest market for microspheres and is estimated to account for about 42.0-45.0% of the total microspheres market. It is followed by Europe and Asia-Pacific at second and third rank, respectively. North America is anticipated to continue as the largest market for microspheres as it is the home of the major players, namely 3M, Momentive Performance Materials, Chase Corporation, Potters Industries, Luminex Corporation, and Mo Sci Corporation. In addition, growing demand from medical applications and R&D activities for development of effective medicines is driving the North America microspheres market and the trend is expected to prevail during the forecast period. Asia-Pacific will be the fastest growing market for microspheres during the forecast period. It is also anticipated that demand for microspheres will increase in years to come primarily due to deployment of microspheres in the construction composites owing to super structural properties. As this is a high capital intensive industry involving high investments in R&D, to manage the costs and maintain the profits is an uphill task for all the players in the microspheres market. In such a case, potential collaborations and leveraging the resources is the optimum strategy adopted by the market players. The key players include 3M, AkzoNobel N.V., Momentive Performance Materials Inc., Trelleborg AB, Potters Industries LLC, Sigmund Lindner GmbH, Matsumoto Yushi-Seiyaku Company, Chase Corporation, and Mo-Sci Corporation among others. ...

 2/24/2018 |  Chemicals & Materials

3D Printing Medical Devices Market By Components (Software, Services), Equipment (3D Printers, 3D Bioprinters), Materials (Plastics, Metal & Metal Alloys Powder, Bioprinting Biomaterials), Technology (Electron Beam Melting, Laser Beam Melting, Photopolymerization, Droplet Deposition (DD) - Global Market Trends Upto 2025

The global 3D printing medical devices market is expected to reach $ 1.9 Billion by 2023 from $ 0.9 Billion in 2018, at a CAGR of 18.0% during the forecast period, 2018-2023. Medical equipment is expensive and result in an increased healthcare spending. According to the Advanced Medical Technology Association, in 2013, the estimated total spending on medical devices and in-vitro diagnostics in US was $ 171.8 billion i.e. 5.9% of the of total national health expenditures. This is one of the major drivers for the 3D printing devices market as, 3D printing splints, medical models used before surgeries or other necessary items of care help in cutting healthcare cost to a great extent. Considering this, the medical device industry is rapidly adopting 3D printing technology to introduce novel products that are revolutionizing medical device design and manufacturing. 3D printing in medical field has resulted in both clinical and innovative advancements. Additive manufacturing technologies have been applied to medical equipment, prosthetics, dental products, bio printing, and pharmaceuticals. However, in order to be able to be used for clinical applications, these technological advancements require a FDA approval. However, recently the FDA issued guidelines speed up the approval process for companies engaged in the development of these technologies. Additionally, these companies are also likely to be entitled to research and development tax credits to balance the cost associated with testing, process improvement, and production. These are some of the important factors responsible for driving the growth of this market. However, some of the factors like socio-ethical concerns related to the use of 3D-Printed Products and the complex process involved in this are likely to restraint the growth of this market. Irrespective of these restraints the market is likely to grow to reach nearly 1.9 billion by 2023. The market for 3D printing medical devices is segmented on the basis of components (software and services), equipment (3D printers and 3D bioprinters), materials (plastics, metal & metal alloys powder, bioprinting biomaterials, and others), by technology (electron beam melting, laser beam melting, photopolymerization, droplet deposition (DD) or extrusion-based technologies, and three-dimensional printing (3DP) or adhesion bonding or binder jetting). The 3D-printed medical products market is further segmented based on type (surgical guides, surgical instruments, prosthetics & implants, and tissue engineering products). Some of the key answers the study intends to provide are- • Why 3D printing equipment segment is expected to grow at a faster rate? • What are the impacts of the regulatory environment? • Which companies having an edge? • What are the latest technology trends? Some of the major players dominating the market are Stratasys Ltd., Envisiontec GmbH, 3D Systems Corporation, EOS GmbH Electro Optical Systems, Renishaw plc, Materialise NV, Arcam AB, 3T RPD Ltd. Concept Laser GmbH, Prodways Group, Carbon, Inc., SLM Solutions Group AG, Organovo Holdings, Inc. Biomedical Modeling Inc. and Anatomics Pty Ltd. ...

 2/23/2018 |  Semiconductors

Aerogel Market by Raw Material (Silica, Alumina, and Carbon), By Form (Blanket, Panel, Block, and Others), By Application (Building Insulation, Oil & Gas, Apparel, Others) – Market Trends and Global Forecast up to 2023

The total aerogel market is valued at $ 800 million as on 2017 and is likely to reach $ 3,125 million by the end of 2023, growing at a CAGR of 25%. In the coming years, aerogel market is expected to grow bolstered by growth in the end-user industries such as oil & gas, automobile, and marine & aerospace. High insulation properties of aerogel and cheap & abundant availability of the raw material are some of the factors driving the use of aerogel in these end-use industries. Easy installations of aerogel in insulation application, followed by reusable and recyclable properties of aerogel further add value to its end-market. However, high production cost still remains a major challenge for the aerogel industry. Based on the raw material, aerogel market is segmented into carbon, alumina and others. In 2017, Aerogel market was dominated by silica aerogel, which is used in all major applications, such as oil & gas, building insulation, automotive, aerospace, electronics, and others. Silica aerogel accounted for more than three fourth of market share in the aerogel industry, in 2017. However, the demand of carbon aerogel is expected to register the highest growth due to growing application of carbon aerogel in electronics, semiconductor and super capacitors applications. [<<img 1.png>>] Oil & gas segment is the largest application of aerogel in 2017, followed by building insulation. Rising demand of advanced insulation materials in the oil & gas application is fueling the growth of the aerogel market globally. Industry players are adopting various strategies such as new product launch, partnership, and expansion to increase their presence in the competitive market. Some of the major companies active in the industry include Aspen Aerogel Inc., Cabot Corporation, American Aerogel Corporation, Svenska Aerogel AB, BASF SE, Dow Corning Corporation, Airglass AB, JIOS Aerogel, Active Aerogels, and Acoustiblok UK Ltd. Strong technological set-up has made North America the largest market for aerogel followed by China. Aerogel finds high application in space suits developed by National Aeronautics and Space Administration (NASA) in the United States. Countries like Brazil, Germany, and UK are few other markets for aerogel. Asia-Pacific and Europe is expected to register high growth due to their increasing research activities in innovation and new application areas. ...

 2/23/2018 |  Chemicals & Materials

Industrial Robotics Market, By Type (Articulate, SCARA, Cartesian, Cylindrical, Parallel, Collaborative Robots), Industry (Electrical and Electronics, Plastics, Rubber, and Chemicals, Metals and Machinery, Food and Beverage, Precision and Optics, Pharmaceutical) - Global Market Trends & Industry Forecasts Upto 2025

The global industrial robotics market was valued at $ 13.5 billion in 2016 and is expected to reach grow at a CAGR of 10% through 2023. However, the market for robotic systems including the cost of software, peripherals and systems engineering accounted for $ 40.5 billion in 2016. The industrial robotics market is segmented on the basis of type includes traditional industrial robots and collaborative robots. The market for traditional industrial robots, excluding the cost of peripherals, software, and system engineering, was valued at $ 13.3 billion in 2016 and the market for collaborative robots accounted for $ 200 million. Higher return on investment (RoI) than that of traditional industrial robots and low price of collaborative robots have been attracting small and medium-sized enterprises to opt for collaborative robots. However, the adoption of automation to ensure quality production and meet the market demand has driving the market for traditional industrial robotics, especially in electrical and electronics, and automotive industries. However, high overall installation cost for low volume production applications is the major restraint for the market growth. Manufacturing of advanced robotic systems that meet the requirement of consumers in the era of industrial Internet of Things (IIoT) has been the major challenge being faced by the industry. Automotive industry is the major market, accounting for about 35% of the global industrial robots market in 2017. This market is driven by the considerable investments in robotics for new production capacities in the emerging markets and also significant investments in modernization of production facilities in major automotive producing countries. However, demand for industrial robots was boosted by the significant demand from electrical and electronics industry attributed to the need to automate production facilities of electronics products in Asian countries to meet the increasing need for batteries, chips and displays. The market for industrial robotics has been dominated by the Asia-Pacific region, followed by Europe and North America. Asia-Pacific accounted for two-third of the worldwide market for industrial robotics in 2017 and is expected to continue to be the major market through 2023. In terms of countries, five countries, including China, the Republic of Korea, Japan, the United States, and Germany accounted for three-fourth of the worldwide industrial robotics market in 2017. The companies are strengthening their market presence by opening new service and repair centers and also by acquiring service providers and widen presence as well as their product portfolio. In November 2017, Universal Robots opened a new repair center to cover North and South America with repair services and enable overnight delivery of spare parts in North America. Epson Robots is expected to showcase T3 All-in-One SCARA robot, “the Flexion N2 6-Axis robot” and demonstrate innovative and highly efficient robotics solutions for the factory automation industry at ATX Wes, 2018. In January 2018, HIT Robot Group (China) formed a joint venture with Golden Jumping Group (South Korea) to expand both companies’ businesses in each other’s countries. These also planned to cooperate with local governments and research and educational institutes of both countries. Some of the major companies dominating the industrial robotics market include KUKA AG (Germany), ABB Ltd. (Switzerland), FANUC Corporation (Japan), Mitsubishi Electric Corp. (Japan), Kawasaki Heavy Industries Ltd. (Japan), Yaskawa Electric Corporation (Japan), Universal Robots A/S (Denmark), Rethink Robotics (US), and Comau S.p.A (Italy). ...

 2/23/2018 |  Semiconductors

Hyaluronic Acid Market by Type (Osteoarthritis, Derma Fillers, Ophthalmic, Vesicoureteral)-Global Market Trends & Forecasts Upto 2023 

The total hyaluronic acid market is anticipated to grow at a CAGR of 7.3% from 2017-2023 and is projected to reach $ 14 billion by 2023. Hyaluronic acid finds it usage in treating joint pains, osteoarthritis, and certain cosmetic surgeries. Globally, the market is expected to be highly driven by the rising demand for hyaluronic acid in medical as well as beauty and cosmetic industries. Increasing incidence of ulcers, growing geriatric population, and rising obesity that results in a number of cases of joint pain and osteoarthritis are the major factors that contribute towards the market growth. Huge R&D in technology towards better health services is anticipated to boost the demand for hyaluronic acid during the forecast period. In terms of product type, in Osteoarthritis, the five injection therapy accounted for the largest market share in 2017. The five injection course consists of five consecutive weeks and is highly recommended by doctors. By the end of the treatment cycle, the patient or the consumer starts experiencing the effect of the hyaluronic acid therapy. The segment accounted for more than 40% of the global market in 2017, owing to its popularity among both doctors and consumers. Single and three injection cycle account for a lesser market share as these injections are much costlier than five injections and are not very affordable for consumers. However, the single injection therapy is gaining popularity and is expected to witness the highest growth rate in future, due to the preference of consumers for short term treatment, along with it being quite convenient for them. Dermal fillers was observed as the largest market segment in 2017. The increasing desire of the consumer to maintain their beauty and looks drives the market for the dermal filler segment. Hyaluronic acid injections are used to improve the skin's contour and reduce depressions in the skin caused by scars, injury, or lines. Coupled with the rising trend of cosmetic surgery all the other factors contribute heavily to the market growth of dermal fillers and hyaluronic acid as a whole. In terms of region, North America was the largest market for hyaluronic acid followed by Europe. Some of the major players such as Anika Therapeutics, Sanofi Genzyme, Salix Pharmaceuticals, etc., in North America and their highly competing strategies to provide the consumer with cost-effective products makes North America one of the most favoured markets for hyaluronic acid. The awareness of such treatment makes this region a favourable market for hyaluronic acid than the Asia-Pacific market. Recently, a new trend of usage of combination products and the pipelines of major manufacturers in the hyaluronic acid products market having a combo of corticosteroid and hyaluronic acid-based injections has been observed. This innovative combination provides a pain relieving effect of corticosteroids with the long-lasting influence of hyaluronic acids. Major companies are engaged in extensive R&D to develop innovative and effective products. In 2016, Bioventus, an orthobiologic solutions provider, entered into a multi-year agreement with Institut Biochimique SA (IBSA) from Switzerland, to secure the U.S. distribution rights for GELSYN-3 (a three-injection, hyaluronic acid product for pain relief related to osteoarthritis (OA) of the knee). In January 2018, Anika Therapeutics expanded its collaboration with the Institute for Applied Life Sciences (IALS) at the University of Massachusetts Amherst to develop an innovative therapy for rheumatoid arthritis. Some of the major players that operate in the industry are Sanofi Genzyme, Salix Pharmaceuticals, Shiseido, Ferring B.V., Lifecore Bio-Medical, LLC, LG Life Sciences, Allergan, Galderma and Seikagaku Corporation, & others....

 2/22/2018 |  Chemicals & Materials

Polymethyl Methacrylate (PMMA) Market by Product Type (Extruded, Cast Acrylic Beads, Pellets, Others), and by End-use (Signs & Displays, Construction, Automotive, Electronics, Others) – Global Market Trends & Forecast up to 2023

The total PMMA market is valued at $ 4.6 billion as on 2017 and will reach $ 6.5 billion by the end of 2023, growing at a CAGR of 7%. Rapidly growing demand of light weight parts in automotive vehicles, and use of PMMA in automotive glazing supported by high weathering, UV resistance, and optimum acoustic properties of PMMA is expected to drive the demand of PMMA in automotive sector. Rapid digitalization of rural areas has driven the need for attractive advertising options, leading to high demand of PMMA in signs & displays, lighting, and other similar applications. Asia Pacific will register the highest CAGR of around 8.0% during the forecast period from 2018-2023. Increasing per capita income among middle class in China and India and expected boost of automotive industry in developing countries is further expected to drive the demand of PMMA in these regions. Multinational players are shifting their production bases to these emerging economies to tap the untapped opportunities which is further expected to boost the demand of these products in these regions. Regions like Middle East & Africa is expected to grow at the second highest CAGR of 7.0% due to several upcoming projects and expected consolidation of large players in these regions. [<<img 8.png>>] Extruded sheets segment accounted for largest market share of 50% in terms of volume in 2017, due to robust demand of these sheets in industrial sectors. Excellent thickness tolerance and cost-efficiency are the driving factors for the increased demand of these products in this sector. Acrylic beads segment is expected to grow at the highest CAGR of 7% in the forecast period. PMMA finds majority of application in signs & displays and construction segment. Telecommunication signs & displays and endoscopy are also utilizing fiber optics made from this material for various applications which is further expected to drive the PMMA demand in forecast period. Companies are continuously investing in PMMA economics and innovation. For instance, Lucite International has developed Alpha technology, method to produce MMA by using carbon monoxide, ethylene, and methanol as raw materials. This technology has significantly improved the operating economies and has also provided an opportunity to reduce the capital investment. Some of the major players active in the region include Evonik Industries, Mitsubishi Rayon Group, Sumitomo Chemical Company Ltd., The Dow Chemical Company, Chi Mei Corporation, Kuraray Group, Asahi Kasei Corporation, LG MMA Corp., Makevale Group, Shanghai Jing-Qi Polymer Science Co. and, Polycasa N. ...

 2/22/2018 |  Chemicals & Materials

Smart Homes Market, By Product (Lightning Controls, HVAC Control, Security & Access Control, Smart Kitchen, Smart Appliances, Entertainment and Others), Protocols (Protocols & Technologies, Cellular Network) – Global Market Trends & Forecasts Upto 2023

Smart home is a smart system that anticipates and responds with intuitive and at times automated control of some or all of the amenities in a home that include TV, lighting, music, safety & security, climate, energy & water, and more. The smart home technology has grown tremendously since 2010 and transitioned from wired technology to wireless technology with emergence of wireless technologies, such as Bluetooth, Wi-Fi, and mobile Internet. The Internet of Things (IoT) has enabled the rapid growth of smart homes, connecting physical devices with internet connectivity and sensors providing new services to households. The trend of smart home is shifting towards the centralized control. For example, Amazon Echo and Google Home are heading in the direction of centralized smart home control. The smart home market has reached to about $ 12.5 billion in 2017 and is expected to grow at ~15% annually through 2023. This growth is expected to be driven by the factors, such as considerable growth of IoT market, improving energy efficiency, and increasing demand for security devices. A major factor restraining the growth of this market is the security issues over internet. Favorable government regulations are being implemented in several countries across the globe and next generation technologies, such as 3D gesture-based remote control in the home entertainment will present huge opportunities for smart home market. The market for entertainment and other controls has accounted for the largest share of the smart home market in 2017, attributed to the high penetration rate of products such as smart meters and smoke detectors. Although the increasing cost of electricity is a major concern for household consumers, the market for energy saving devices will have a higher demand through 2023. Changing lifestyles and rising purchasing power of people are also expected to drive the market for smart home products worldwide. The market for lighting control is expected to grow at a higher rate because these smart home products are aimed at reducing electricity consumption in homes during the day. The software and services pertaining to smart homes has been growing at a considerable rate as it enables users to control systems and devices installed in their homes. Most of the devices/systems, such as lighting control, HVAC control, security and access control, entertainment control, smart kitchen, and smart home appliances can be accessed and controlled using smartphones, computers, tablets, laptops, and hubs as these are enabled by the compatible software solutions and algorithms designed by smart home providers. Vivint, Inc. (US.), Comcast Corporation (US), The ADT Corporation (US), GE Healthcare (UK), AT&T, Inc. (US), Siemens Healthcare (Germany), Opower (US) and Time Warner Cable (US) are some of the major players that provide software solutions and services for smart homes. North America accounted for the major market in 2017, accounting for ~45% of the global smart home market. However, the rising number of new residential projects and the increasing initiatives to strengthen the building infrastructure and increased focus on smart homes and smart cities is expected to make Asia-Pacific a potential market through 2023. The demand for energy saving products in Europe is also an important market for smart homes, as this region has been majorly focusing on energy savings. Some of the major players in the smart home market include Siemens AG (Germany), General Electric Company (US), Johnson Controls, Inc. (US), Schneider Electric (France), ABB Ltd. (Switzerland), Honeywell International, Inc. (US), United Technologies Corporation (US), Ingersoll-Rand PLC (Ireland), Samsung Electronics Co., and Legrand S.A. (France). ...

 2/20/2018 |  Semiconductors