Media Releases

The global plant-based dairy market is projected to witness lucrative growth during the forecast period, more so amid the COVID-19 pandemic, as plant-based dairy products offer numerous health benefits, thereby boosting the human immune system. In addition, initiatives taken by governments and other organizations to promote the consumption of plant-based protein products have also contributed significantly to market growth. For instance, the Government of Canada has launched the Protein Industries Canada (PIC) Supercluster in order to grow the plant-based food & beverage business in the country. Under this project, the Canadian government invests in various plant-based businesses. Apart from this, global animal rights organizations such as People for the Ethical Treatment of Animals (PETA) promote the consumption of plant-based food & beverages by conducting various awareness events and campaigns. ...

The telecommunications industry accounts for a majority share in the dual interface smart card market. Mounting demand for customized and more secured smart cards with automatic updating properties has resulted will create numerous market opportunities for dynamic operating system dual interface smart cards over the forecast period. With more number of retail stores and clubs adopting customer loyalty programs as part of their marketing strategy, the dual interface smart card market will see increasing opportunities over the coming years. Microprocessor-based dual interface smart cards are gaining popularity as a result of the surging e-Commerce and telecom industry. ...

The global pallet jack market is niche in nature, and is projected to rise at a value CAGR of 9% over the forecast period. Pallet jacks are primarily used in factory or warehouse premises to move material. The outbreak of COVID-19 will have a marginal effect on the demand for pallet jacks. Sales are projected to decline by 8,000 units in 2020 as compared to 2019. However, the resumption of manufacturing operations in prominent countries such as China, the US, India, and Germany would boost the growth of the pallet jack market in the near future. ...

Industrial automation has emerged as a prospering domain, supplying automation machinery to all end-use industries, including automotive, electronics, and food & beverages. Integration of technologies with material handling systems is beginning to crop up as the global trend in conveyor systems. Thus, adoption of technologies can gain sizeable traction for conveyor sprockets in the global market. Plastic sprockets are making inroads in several industries, and have become a viable alternative to metal sprockets in power transmission drive applications. However, Due to the COVID-19 pandemic, the manufacturing of automobiles, industrial equipment, and food & beverages has been hit due to lockdowns imposed by governments, which is affecting the global demand for conveyor systems. As such, the global conveyors sprockets market is projected to witness growth at a CAGR of 3.3% and create an absolute $ opportunity of more than US$ 260 million by 2030, predicts Fact.MR. ...

Electricals & electronics account for a majority of the epoxy hardener market share. Marine, power, and aerospace industries would remain as key market segments that need to be focused on, as there has been significant increase in demand from these industry. Furthermore, the growing electronics industry, backed by increasing demand for PCBs and ICs, has also resulted in significant rise in the demand for epoxy adhesives. Epoxy 3D flooring is being increasingly utilized in shopping centers, lobbies, workplaces, homes, and attics. This increasing popularity of 3D epoxy flooring is set to create numerous market opportunities for the epoxy hardener market. ...

The global bedding protectors market is anticipated to reach a valuation of over US$ 3 billion in 2030, with the growth rate pegged at over 6%. This market is, at present, in the growth stage of the product lifecycle in multiple regions such as South Asia and East Asia. With the high growth of hospitality businesses in these regions, the demand for bedding protectors is also surging year after year. ...

Industrial automation as an end-use vertical accounts for a majority of the current sensor market share. The automotive industry has experienced increasing demand in developing countries such as China and India. Furthermore, mounting demand for customized and intelligent automotive products has resulted in the opening up numerous market opportunities for current sensor market players. Furthermore, advancements in manufacturing and production processes are anticipated to drive the demand for current sensors over the forecast period. Direct sensing-based current sensors are expected to be most attractive due to their high functional properties; they find usage in automotive, medical, and consumer electronics industries. ...

The study by Fact.MR sheds light on the incorporation of path-defining and disruptive technology that is radically changing the face of the automotive radar market. Innovations in automotive radars are spelling success for key stakeholders in the market as they circumvent treacherous driving conditions with the advent of specialized radars. These radars are smaller, spherical and shape and are paving the way for an immersive 360-degree view of the landscape thus affording drivers with a seamless and a smooth driving experience. ...

The growing infrastructure industry, in both, residential and non-residential application areas, is to drive the demand for bathroom sinks over the forecast period (2020-2030). Wall-mounted sinks, under-mount sinks, top-mount sinks, integrated sinks & countertops, wash-plane sinks, and console sinks are some of the available types according to usage needs. This customized availability has resulted in creating numerous opportunities for the bathroom sink market with respect to application-specific usage. As the focus on better sanitization activities becomes strong, worldwide, market players are eyeing potential opportunities in unexplored markets. Highly populous Asian countries, in particular, offer a huge customer base for leading manufacturers of bathroom sinks and other sanitation-related products. ...

Lithium carbonate is one of the key materials for the manufacturing of li-Ion batteries for electric vehicles, an industry that has been rapidly growing over the years. This growing demand has proportionately boosted the revenues of manufacturers during the historical period, until landslide policies were proposed by the Chinese government to slash subsidies on EVs, which adversely affected the demand for lithium carbonate in EV applications. Steady demand has been observed from pharmaceutical manufacturers over the years. These factors are all set to drive the growth of the lithium carbonate market at a steady pace till the mid-term forecast period of 2020-2030. ...

Hydroxytyrosol offers better antioxidant properties in comparison with vitamin C and E, due to which it is primarily used in cosmetic applications such as anti-aging products intended to prevent wrinkles, sagging, and blemishes. Attributed to multi-functionality quotient, hydroxytyrosol is used in numerous applications including cosmetics, pharmaceuticals and nutraceuticals. ...

Polymerase Chain Reaction (PCR) techniques have found increased application in pharmaceutical, biotechnology and life sciences industries. PCR is primarily used for developing assays, test kits & solutions, and culture media in the tissue culture industry. Adoption of this technique is the end result of important technological breakthroughs in the healthcare industry. ...

The wild pollock market is estimated to be valued at more than US$ 7 Bn in 2020 and grow at a CAGR of 1.7% over the forecast period of 2020-2030. Wild Pollock is one of the key delicacies for the developed regions such as Europe and North America. Moreover, a myriad of health benefits offered by wild pollock continues to influence its demand. ...

The global market for citrus fiber has recently been witnessing the development of natural citrus fibers that can enhance the functionality of tomato-based food products through the replacement of gums and starches in condiments, sauces, and spreads. This opportunity has been timely realized when consumers across the globe are opting food products with improved label declarations achieved by the replacement of gums and starches in meats, baked goods, beverages, and sauces. High adoption of digital marketing and surge in the number of online e-Commerce platforms are also opening up new avenues for the growth of the citrus fiber market. Key players are focusing on capacity and geographical expansion to meet ever-increasing demand for citrus fiber in the food and beverage industry.   According to a new Fact.MR study, the citrus fiber market is poised to expand at a value CAGR of 5%, and account for revenue worth US$ 790 Mn by 2030-end. ...

The global electric trolling motors market is expected to surpass a value of US$ 546 Mn by 2020-end, and expand at a CAGR of 3.2% during the forecast period (2020-2030). The rampant spread of COVID-19 is resulting in declining sales, as a number of anglers are staying indoors, which ultimately impacts the sales of electric trolling motors. To maintain business continuity during this crisis, manufacturers are utilizing digital technologies and engaging customers via online portals. Subsequently, the pandemic has shifted consumer focus towards e-Commerce platforms. Moreover, there are several trolling motor manufacturers who have started providing trolling motors through their websites. This, in turn, will strengthen the demand for electric trolling motors. ...

The mobile water treatment systems market is estimated to be valued at US$ 1,543.1 Mn in 2020 and add value worth US$ 1,952.0 Mn during the forecast period (2020-2030). The global mobile water treatment systems market is expected to be benefited from rapid development of industrial as well as rural sectors. ...

In recent years, increasing popularity of ice hockey in the U.S. and Canada has been significantly influencing growth of the ice hockey equipment market. With an increase in disposable income of the majority of the population in these countries, the inclination towards the sports of ice hockey is expected to grow. Moreover, aspiring and affluent households have increased their spending on products and apparel for several outdoor sports such as ice hockey, thereby potentially raising the demand for ice hockey equipment. ...

Integrated DNA Technologies, for instance, is a company extensively engaged in the development of oligonucleotides up to 200 base length, suitable for usage in manufacturing mini-genes. Based on these trends, the global oligonucleotide synthesis market is poised to propel towards positive growth, registering a staggering CAGR of 11.3% during the forecast period (2020-2025). ...

The global isobutylene market is poised to record a CAGR of 5% during the forecast period (2020-2030). Attributed to excellent resistivity against water, steam alkalis, and oxygenated solvents, isobutylene has emerged as a material of choice in the rubber industry. Demand for isobutylene in the rubber industry is further gaining a boost from its bundled benefits such as low gas permeation and high-energy absorption (dampening) coupled with high hot tear strength. ...

The casing centralizers market is estimated to be valued at US$ 462.3 million in 2020 and add value worth US$ 215.9 million by 2030, expanding at a CAGR of 3.9% during the forecast period (2020-2030). Demand for casing centralizers remains driven by the discoveries of new oil & gas fields across the globe. ...

Strong involvement of film and entertainment industry with technological developments has paved the way for rapid innovations in the industry, which results in increased need to implement and execute compatible licenses and regulations. Apart from music and films, copyright licensing of literature work continues to gain significant momentum to protect original works of authorship. Moreover, mounting demand for protection of content and credibility of author has facilitated numerous growth opportunities for companies active in the copyright licensing market. ...

The global mist eliminator market is estimated to be valued at ~US$ 592 Mn in 2020 and surpass US$ 846 Mn by the end of the forecast period (2020-2030). Demand for mist eliminators continues to gain a boost from the expansion of power generation and chemical industry in Asian countries such as China, Japan, and India. This, in turn, is anticipated to create significant opportunities for the players in the mist eliminator market by the end of 2030. However, due to the recent COVID-19 outbreak, the mist eliminator market is experiencing significant setbacks in 2020, as the uptake by end-use industries moves on a downward trend. ...

Over the years, incidence of diabetes has increased globally. As of 2019, nearly one-tenth of the global population was afflicted by this deadly disease. Adoption of sedentary lifestyles and a decline in the consumption of a balanced diet are key factors driving the prevalence of diabetes. As a result, the number of patients seeking treatment has augmented. Various pharmaceutical companies are investing in anti-diabetic drugs to address this problem. The introduction of novel drugs such as Nucynta ER and Lyrica is anticipated to be a major growth driver for the global diabetic neuropathy market. Moreover, rising insurance coverage to neuropathic pain drug companies will continue to augment market prospects. The global diabetic neuropathy market is poised to expand at a CAGR of 5.6% during the forecast period (2020-2025). ...

Over the years, preference for minimally invasive surgical procedures has increased. This is attributed to several technological advancements to reduce trauma to patients. Growing adoption of laparoscopic procedures for colorectal cancer surgery, hernia repair, and plastic surgery has augmented demand for monopolar electrosurgical devices. In addition, automation in laparoscopic procedure has provided immense boost to its growing acceptance. On the back of the aforementioned trends, the global monopolar electrosurgery market is set to embark on a moderate growth path, expanding at a CAGR of 4.1% during the forecast period (2020-2025). Furthermore, rise in demand for cost-effective monopolar electrosurgery devices in developing economies due to increase in laparoscopic procedures is also anticipated to fuel the global monopolar electrosurgery market growth. ...

The medical education market is poised to expand at a CAGR of 4.2% during the forecast period (2020-2027). Rising investments in healthcare infrastructure has led to the dissemination of quality medical education around the world. The ongoing novel coronavirus pandemic is also anticipated to significantly influence the market prospects of medical education, attributed to increased usage of online educational fora. ...

The dibenzyl toluene market is currently valued at more than US$ 54 Mn and is projected to grow at a CAGR of 3.4% over the forecast period (2020-2030). Dibenzyl toluene is one of the key components for maintaining proper temperatures in closed equipment and systems. Moreover, demand for dibenzyl toluene for its application as dielectric and heat transfer fluid in South Asia & Oceania and East Asia is increasing on a significant pace, owing to rise in chemical, petrochemical, and pharmaceutical production in these regions. ...

The industrial silica sand market is estimated to be valued at more than US$ 13 Bn in 2020 and grow at a CAGR of 4.4% over the forecast period of 2020-2030. Industrial silica sand is an essential raw material in manufacturing glass products which provides strength, colour, clarity, and other physical properties to the glass. Moreover, its extensive application in masonry products manufacturers and growing requisite in regions such as South Asia & Oceania have generated significant growth opportunities for market players. ...

The cryogenic submerged motor pumps market is estimated to be valued at US$ 1,762.4 million in 2020 and add value worth US$ 714.4 million during the forecast period. Pre-COVID-19 forecast of the cryogenic submerged motor pumps market pegged at a CAGR of 3.5% for the period of 2020-2030. However, the market is expected to face a downtrend in 2020 till the COVID-19 subsides.   ...

The titanium dioxide nanoparticles market value is estimated to surpass US$ 458.5Mn in 2020 and grow at a CAGR of 6% during the forecast period (2020-2030). Titanium dioxide nanoparticles are a key material used in cosmetics and beauty products which offer brightening and whitening properties. An increased interest in nanotechnology along with an extensive application of titanium dioxide nanoparticles in various fields is significantly contributing to the market growth. ...

The non-GMO soy protein market is estimated to be valued at US$ 2.3 Mn in 2020 and grow at a CAGR of nearly 4% during the forecast. A growing number of health conscious consumers inclining towards plant-based protein and aligning with clean label trend are significantly contributing to the non-GMO soy protein market growth. ...

The global yellow pea protein market is anticipated to reach a valuation of over US$ 3 Bn by 2030, with the growth rate pegged at over 5% during the forecast period (2020-2030). In the recent past, yellow pea protein has found its application in several segments of the booming food & beverage industry. With consumers continuing to push for both healthier and more sustainable diets, room for continued growth of the yellow pea protein market is inevitable. ...

The global detergent polymers market is poised to witness a CAGR of 5% during the forecast period (2020-2030). Superior soil removal and exceptional whitening properties offered by detergent polymers have become talk of the town among detergent manufacturers. Detergent polymers have emerged as ingredient of choice in detergent manufacturing process, to regain product performance at lower built formulations. Further, detergent polymers are considered as the only material which offers non-phosphate detergent formulations. This will not only reduce the burden of environmental regulations on detergent manufactures but also decrease water and energy consumption while washing. ...

The medical device contract manufacturing market is poised to expand at a CAGR of 11.3% during the forecast period (2020-2026). This is attributed to rapidly evolving healthcare industry and increasing adoption of technologically advanced surgical procedures. A number of original equipment manufacturers (OEMs) and contract manufacturers have been focusing on advanced technologies such as robotics, 3D-printing, and minimally invasive surgeries.  ...

The surgical instrument tracking market remains driven by the increased level of automation in the healthcare industry. Rapid expansion of the healthcare infrastructure in developing countries such as China and India is expected to influence the market growth during the forecast period (2020-2030). ...

The medical device technologies market is poised to embark on a moderate growth trajectory, expanding at a CAGR of 4.6% during the period (2020-2025). Rising preference for minimally invasive surgeries is anticipated to fuel the market growth in the future. Such procedures are increasingly utilizing technologies such as robotics to achieve precision in surgical operations. In addition, the usage of medical images has augmented within all health systems.  ...

The advent of advanced therapies and test kits that employ the use of virus components such as antigens has paved way for the treatment several diseases. In recent years, the viral antigens market has been witnessing substantial investments, robust R&D activities and strategic collaborations. In 2018, ACROBiosystems announces collaboration with ProMab Biotechnologies for immunotherapy research using viral antigens for vaccine development and launch of new diagnostic kits. ...

The global hams market is anticipated to reach a valuation of over US$ 47billion by 2030, growing at a CAGR of over 3% during the forecast period (2020-2030). A spike in number of food outlets and quick service restaurants (QSRs) across the globe continues to fuel the global hams market growth. Manufacturers of hams are benefiting directly from increased consumer demand for processed meat products and improved cold chain systems. ...

Global motor driver IC market is projected to register a CAGR of 6.2% during the assessment period (2020-2030) and hit a valuation of ~US$ 1.6 Bn by 2030-end. As conventional consumer media devices are increasingly replaced by smart electronics dedicated for specific functionality, demand for motor driver IC continues to move on an upward swing. With rapid penetration of consumer electronics and the rise of autonomous robots, key players are targeted towards customized offerings to maintain a strategic position in the market. ...

The global MEMS sensors market is projected to grow 3.3X to hit the market valuation of ~US$ 75 Bn by the end of assessment period (2020-2027). Consumer electronics remain key application area of MEM sensors, and account for a majority of the total market value. Mounting demand for customized and intelligent cars has resulted in opening up numerous opportunities for MEMS sensor market players. Furthermore, advancement in telecom industry and introduction of NGN along with increasing popularity of FTTH services have resulted in increasing demand for MEMS sensors as optical sensors. ...

The global processed cheese market is anticipated to reach a value pool of over US$ 24.0 billion in 2029, with growth rate pegged at over 4.4% during the forecast period (2020-2029).  An upsurge in the number of foodservice chains and outlets has been playing a key role in the accelerated demand for processed cheese. The distinct flavor profile of processed cheese has made it a popular ingredient in myriad cuisines. The growth of fast food chains in the Asia Pacific and Latin American countries has led to an increased sourcing of processed cheese in these regions. ...

The global advance wound care market was valued at US$ 10 Bn in 2019 and is poised to expand 1.4x by 2030, to reach a value pool of almost US$ 15 Bn. The high prevalence of chronic wounds has leveraged the utilization of advanced wound care products. Wound cleansers, foam dressings, and honey dressings in hospitals are boosting revenue growth of the global advance wound care market. According to IDF, diabetic ulcers have shown a rapid increase in the last decade. IDF has stated that the prevalence of diabetic ulcers is growing by 9% annually. ...

The food preservatives market is expected to register a moderate CAGR of 4% during the forecast period (2020-2030). Gains remain primarily driven by increased demand for food products with longer shelf life. The rise of on-the-go culture along with sprung in the number of working population has been significantly contributing to the market growth. ...

As the COVID-19 pandemic tightens its grip on the world, healthcare providers and practitioners are racing against time to find reliable diagnosis and cures for the deadly disease. The pandemic has especially broadened the growth prospects of the global CRISPR and Cas genes market, projected to expand at a stellar 21.2% CAGR during the forecast period (2020-2026). Various clinical trials and research studies have proved that adoption of CRISPR-Cas testing yields more accuracy, with 95% positive predictive agreement and 100% negative predictive agreement. The test scores over the conventional RT-PCR tests, which are prone to massive fluctuations. CRISPR-based diagnostics have been gaining momentum since the past two years, and the ongoing pandemic is only adding further impetus to the market. ...

Microbrewery is a brewery that produces small amounts of beer as compared to large-scale corporate breweries, and is independently owned. According to the US Brewers Association, significant growth opportunities exist in the microbrewery industry. Specialty malt is a major ingredient in crafted beers, which adds flavor and color to the final product. Based on these trends, the market for specialty malt is slated to grow at a positive 6% CAGR during the forecast period (2020-2030). ...

The global metal packaging coatings market is set to record a CAGR of ~5% during the forecast period (2020-2030). Proper food and flavor protection, outstanding adhesion and flexibility in coating formulations has leveraged the demand for metal packaging coatings in the can manufacturing and coating formulating industries. Moreover, the preference for green manufacturing will create a robust environment for metal packaging coatings as they are free from toxic chemicals like epoxy and BPA.  ...

The global submersible pump market was valued at US$ 8.7 billion in 2020 and it is anticipated to add value worth US$ 3.5 billion during the forecast period. The outbreak of COVID-19 will leave a residual impact on the long-term outlook of the market with growth projected at a sluggish CAGR of 3.4% through 2030. Stunted growth is foreseen due to latency in application industries amid stringent lockdowns in many countries. ...

The global medical waste containers market is forecast to expand 1.4x at a CAGR of 5.1% during the forecast period (2020-2026). Medical waste disposal and management is a major concern globally. Several governmental, non-governmental and community level organizations have collaborated to assist hospitals and other healthcare institutions to manage their waste. These bodies are actively engaged in recycling, collection and disposal of medical waste.  ...

The global industrial trucks market was estimated to reach a valuation of US$ 20 Bn by 2020 end. However the most visible impact of COVID-19 has been on the automotive sector. Presently sales of industrial trucks have plummeted considerably with manufacturers scrambling to secure some capital or investor money to circumvent the crisis. Despite this, the long term outlook for the industrial trucks market looks good with the market pegged to surpass US$ 37 Bn by the end of the forecast period (2020-2030). ...

With the growing incidences of chronic conditions such as neurological disorders, cancer and other life-threatening diseases, the market for image guided surgery devices is set to gain traction. The market is anticipated to expand at a healthy CAGR of 6.0% across the forecast period (2020-2025). This growth is attributed to a burgeoning preference for minimally invasive surgical procedures which are expected to generate better clinical outcomes. ...

Fact.MR reveals in its newest report that the contract lifecycle management market will experience ~3.5X growth to hit a valuation of ~US$ 2.4 Bn by 2030. Rapid developments in new technologies such as hybrid cloud solutions, have made access to new markets easier and more cost-effective. With the help of these innovations, one can manage contracts in real time, providing more visibility, choice and control over cloud, electronic repository, and other infrastructure. ...