Media Releases


Ultra-low Temperature Freezer Market to Cross US$ 750 Mn by 2030; Exponential Increase in Sales Due to Covid-19 Outbreak

Sep 24, 2020

Ultra-low Temperature Freezer Market to Cross US$ 750 Mn by 2030; Exponential Increase in Sales Due to Covid-19 Outbreak
The COVID-19 pandemic, which has been responsible for devastating effects on businesses around the world, has, in fact, proved to be beneficial for the ultra-low temperature freezer market. Key reason being, rising demand for storage units across hospitals, blood banks, etc., due to increasing cases of diseases across the globe. This factor has significantly affected the ultra-low temperature freezer market in a positive manner, which makes it one of the very few markets to have benefitted from this pandemic. Also, with steady rise in research & development activities pertaining to sectors such as biotechnology, pharmaceuticals, etc., there has been noticeable increase in demand for ultra-low temperature freezers across the globe. ...
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Pickleball Equipment Market to Expand 2.4X by 2030; Market Progress to Be Hampered by COVID-19 Outbreak

Sep 24, 2020

Pickleball Equipment Market to Expand 2.4X by 2030; Market Progress to Be Hampered by COVID-19 Outbreak
Adoption of pickleball as a sport has been significantly high in recent years. Adoption rate in North America is higher than other regions, where spending on playing pickleball is subsequently high. With increase in disposable income of a majority of the population across regions, the inclination toward the sport of pickleball is expected to grow. Moreover, aspiring and affluent households have increased their spending on equipment for several indoor and outdoor sports, thereby potentially raising the demand for pickleball equipment. As the focus on sports and recreational 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 pickleball equipment. Exploiting untapped markets and inclusion of pickleball at the Olympics could result in opening up numerous opportunities for the pickleball equipment market during the forecast period (2020-2030), which is projected to expand at a CAGR of 10% through 2030. ...
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Serial Console Server Market to Be Valued at US$ 37 Bn by 2030; Supply Issues amidst COVID-19 Pandemic Impeding Market Expansion

Sep 23, 2020

Serial Console Server Market to Be Valued at US$ 37 Bn by 2030; Supply Issues amidst COVID-19 Pandemic Impeding Market Expansion
Heightening demand is being witnessed for serial console servers with the introduction of next generation networking (NGN) and IPv6 numbering allocation system. Furthermore, broadband penetration with FTTH initiatives by regional and global governmental bodies is also giving an uptick to. Advancing demand for cloud computing services and increasing number of cloud service providers will boost demand for serial console servers during the forecast period (2020-2030). ...
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Tennis Racquet Market to Expand Nearly 1.5X through 2030; Reduced Sports Activities Due to COVID-19 Outbreak Affecting Sales Prospects

Sep 23, 2020

Tennis Racquet Market to Expand Nearly 1.5X through 2030; Reduced Sports Activities Due to COVID-19 Outbreak Affecting Sales Prospects
The tennis racquet market is anticipated to reach a valuation of over US$ 700 million by 2030, with the growth rate pegged at 3.5% during 2020 to 2030. Increasing adoption of sports and new players in the tennis industry are expected to highly benefit the expansion of the global tennis racquet market. ...
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Gamma Probe Devices Market to Exhibit 10% CAGR through 2030; Supply Chain Disruptions Due to COVID-19 Pandemic Impeding Market Growth

Sep 22, 2020

Gamma Probe Devices Market to Exhibit 10% CAGR through 2030; Supply Chain Disruptions Due to COVID-19 Pandemic Impeding Market Growth
Growing prevalence of thyroid and breast cancer and increasing mortality rate are expected to propel the growth of the gamma probe devices market over the years ahead. According to the American Cancer Society, the most rapidly increasing cancer in the U.S. is thyroid cancer, and the most common cancer among American women is breast cancer after skin cancer. Increasing preference for minimally-invasive image-guided procedures and recent advancements in gamma probe devices with low-cost facility are also projected to favour market growth. Besides, continuous focus by manufacturers to produce technologically-advanced gamma probe devices is also expected to favour market expansion over the coming years. ...
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Indirect Calorimeter Market to Cross US$ 60 Mn in 2030; Positive Impact of Covid-19 Pandemic on Market

Sep 21, 2020

Indirect Calorimeter Market to Cross US$ 60 Mn in 2030; Positive Impact of Covid-19 Pandemic on Market
This particular market is one of the few to benefit from the COVID-19 pandemic. Hospitals have shown significant increase in the demand for indirect calorimeters, especially standalone calorimeters meant for critical care units. On the other hand, portable calorimeters have also seen a rise in demand from research institutes due to inclined interest in research & development by key players in this market space. Backed by advancements in technologies of indirect calorimeters, the market is expected to witness tremendous growth due to the cost effectiveness and convenience factor of these products, especially portable indirect calorimeters. Indirect calorimeters have several applications in monitoring a patient’s metabolic activities, which further helps doctors provide effective treatment. Thus, wider application of indirect calorimeters coupled with increasing number of hospital admissions will favor the growth of the global indirect calorimeter market over the forecast timeframe, which is projected to expand at a CAGR of 4% through 2030. ...
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Dioxin Analyzer Market to Reach US$ 376 Mn by 2030-end; COVID-19 Outbreak to Impede Sales Prospects in Near Term

Sep 18, 2020

Dioxin Analyzer Market to Reach US$ 376 Mn by 2030-end; COVID-19 Outbreak to Impede Sales Prospects in Near Term
The dioxin analyzer market is poised to grow at a value CAGR of over 3% and is expected to create an absolute dollar opportunity of US$ 102 Mn over the forecast period of 2020-2030. Dioxins and related chemicals are gaining particular attention owing to their toxic nature, and therefore, the sensitive and effective detection of dioxins has become imperative. Further, governments across the world have programs in place to monitor and protect food supply from the contamination of dioxins. ...
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Insulin Delivery Devices Market Boosted by COVID-19 Pandemic; Market Set to Cross US$ 28 Billion Valuation in 2030

Sep 18, 2020

Insulin Delivery Devices Market Boosted by COVID-19 Pandemic; Market Set to Cross US$ 28 Billion Valuation in 2030
The insulin delivery devices market is one of the few markets to have gained a positive revenue outcome during the COVID-19 pandemic. Due to an increase in the number of diabetic patients and rising obesity rates, the market has seen a steady growth in all segments. Due to the COVID-19 pandemic, people across the world have started taking more protective measures for their safety, and insulin delivery devices come under this category, considering the fact that, insulin pens & pumps have seen a growth in sales. ...
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N-Propyl Bromide Market to Experience Sluggish Growth during COVID-19 Pandemic, Finds Fact.MR

Sep 17, 2020

N-Propyl Bromide Market to Experience Sluggish Growth during COVID-19 Pandemic, Finds Fact.MR
Attributed to n-propyl bromide’s low ozone depleting potential (ODP), it is approved by the EPA under the Significant New Alternatives Program (SNAP). Efficacy to dissolve hard wax, oils, greases and other contaminants from metal surfaces, coupled with its low ODP has resulted in n-propyl bromide emerging as an ideal replacement for trichloroethylene and perchloroethylene. Growing demand for n-propyl bromide from industrial cleaning applications such as vapor degreasers and ultrasonic systems are set to fuel market growth over the forecast period (2020-2030). Apart from metal cleaning and vapor degreasing, n-propyl bromide is highly utilized in cleaning optical components, medical equipment, and in electronic cleaning applications. ...
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Appointment Scheduling Software Market to Expand at 10% CAGR through 2030; Need for Seamless Remote Working Due to COVID-19 Pandemic Surging Demand

Sep 15, 2020

Appointment Scheduling Software Market to Expand at 10% CAGR through 2030; Need for Seamless Remote Working Due to COVID-19 Pandemic Surging Demand
Increasing digitization and growing trend of adopting & using more digital means for communication are the main factors boosting the growth of the appointment scheduling software market. Increasing use of apps by users to perform day-to-day activities is also aiding market growth. Increasing technologies are making processes simplified and automated, such as appointment scheduling software. Also, the number of smartphones and Internet users is increasing across the globe, which is one of the most important factors that will help the appointment scheduling software market to grow substantially during the years 2020 to 2030. Furthermore, to secure ongoing relationships with the customers, companies have now started to use artificial intelligence through Intelligent Appointment Scheduling (IAS) and other solutions powered by AI, and many have also started implementing CRM software for their operations. ...
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Perchloroethylene Market to Reach US$ 263 Mn in 2030; Midterm Decline is Sales Predicted Due to COVID-19 Pandemic

Sep 11, 2020

Perchloroethylene Market to Reach US$ 263 Mn in 2030; Midterm Decline is Sales Predicted Due to COVID-19 Pandemic
Perchloroethylene’s non-flammability and impressive cleaning with the need for minimum mechanical agitation has made it an ideal choice for dry cleaning applications. Other bundled advantages such as high solvency and its recoverable nature have driven its consumption during the historical period (2015-2019). Increasing preference for perchloroethylene over trichloroethylene is set to bolster its demand during the forecast period (2020-2030). Further, perchloroethylene is largely consumed as an intermediate in hydrofluorocarbon production. Growing demand for perchloroethylene from a range of niche applications such as isomerization and reforming are set to drive the global market at a CAGR of 2% during the forecast period.   ...
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Trichloroethylene Market to Reach US$ 293 Mn by 2030-end; COVID-19 Outbreak to Impede Sales Prospects in Near Term

Sep 10, 2020

Trichloroethylene Market to Reach US$ 293 Mn by 2030-end; COVID-19 Outbreak to Impede Sales Prospects in Near Term
In order to phase out the consumption of CFC (chlorofluorocarbon) and HCFC (hydrochlorofluorocarbon), HFC (hydrofluorocarbon) has emerged as a third generation refrigerant. Trichloroethylene, being a key ingredient in HFC refrigerant production, is poised to expand in line with HFC market growth. Increasing consumption of trichloroethylene as an intermediate in the hydrofluorocarbon refrigerant industry is set to amplify market growth during the forecast period. Further, owing to trichloroethylene’s exceptional cleaning efficiency, it is poised to remain in demand for metal cleaning and vapor degreasing applications. The global trichloroethylene market is expected to expand at a CAGR of around 2% over the next ten years, and be valued at US$ 293 Mn by the end of 2030. ...
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Carry Bags Market to Expand 1.5X by 2030; Short-term Demand Hit Due to COVID-19 Outbreak Impact on End-use Industries

Sep 08, 2020

Carry Bags Market to Expand 1.5X by 2030; Short-term Demand Hit Due to COVID-19 Outbreak Impact on End-use Industries
The global carry bags market is anticipated to reach a valuation of over US$ 30 billion in 2030, with the growth rate pegged at over 4%. The foodservice industry, being the major revenue attributer for carry bags, remained closed during the first two quarters of 2020, due to the widespread of the COVID-19 outbreak. But it is expected that, the global carry bags market will return to its normal growth trajectory after the pandemic situation subsides. ...
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High Purity Quartz Sand Market to Expand 1.5X by 2030; Sluggish Semiconductor Industry Due to COVID-19 Pandemic Hurting Growth

Sep 03, 2020

High Purity Quartz Sand Market to Expand 1.5X by 2030; Sluggish Semiconductor Industry Due to COVID-19 Pandemic Hurting Growth
Rising demand for high purity quartz sand can largely be credited to the semiconductor industry, which has rapidly grown over the past half-decade, and is set to grow at the same pace over the forecast period. Demand for high purity quartz sand has risen by nearly threefold from this sector over the past five years. There are no substitutes for high purity quartz sand in the semiconductor market, which is set to ensure market growth in the long run. Apart from semiconductor application, solar energetics will also play a major role in the growth of the high purity quartz sand market in the coming years. Demand for high purity quartz sand has declined nearly 4% over H1 in FY2020, with the market set to return to its original form (4% CAGR) by the end of the 3rd quarter of FY2023. ...
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Canned Cocktails Market to Expand at 20% CAGR through 2030; Demand to Witness Marginal Decline in Near Term amidst COVID-19 Pandemic

Aug 27, 2020

Canned Cocktails Market to Expand at 20% CAGR through 2030; Demand to Witness Marginal Decline in Near Term amidst COVID-19 Pandemic
The global canned cocktails market is progressing at breakneck speed and anticipated to surpass a valuation of US$ 146 billion in 2030. The introduction of novel features such as interlocking cans and threaded cans is boding well for market growth. However, the spread of COVID-19 is compelling consumers to stay indoors, which eventually diminishes the demand for canned cocktails. Shutdown of hotels, restaurants, and eateries combined with decrease in production capacity are also adversely affecting the canned cocktails market. However, the market will bounce back with the resuming of food establishments around the world. ...
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Sodium Chlorate Market to Expand 1.4X by 2030; Reduced Demand from Allied Industries Due to COVID-19 Pandemic Impeding Market Growth

Aug 26, 2020

Sodium Chlorate Market to Expand 1.4X by 2030; Reduced Demand from Allied Industries Due to COVID-19 Pandemic Impeding Market Growth
The global sodium chlorate market is forecast to witness a moderate growth rate of 3.7% over the forecast period of 2020-2030. Rise in demand for sodium chlorate can largely be attributed to growth of the chemical and paper & pulp industry. Sodium chlorate is extensively utilized as a bleaching agent in the paper & pulp industry. Moreover, its utilization in the chemical industry as a low-cost oxidizing agent is common. Price fluctuations in recent times have been observed in the 2nd quarter of FY2020, owing to reduced activities across industries due to the COVID-19 pandemic. All in all, the market is set to show positive signs of growth by the end of the second quarter of FY2020. ...
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Fertilizer Additives Market to Expand 1.5X by 2030; Reduced Fertilizer Production during COVD-19 Pandemic Impeding Market Growth, Says Fact.MR

Aug 25, 2020

Fertilizer Additives Market to Expand 1.5X by 2030; Reduced Fertilizer Production during COVD-19 Pandemic Impeding Market Growth, Says Fact.MR
Fertilizer additives are utilized in pre-packaging to ensure the quality of the final product. Fertilizer additives are added to fertilizers to ease the packaging, flowability, and transportation of fertilizers. The global fertilizer additives market is forecast to witness moderate growth of 4.4% over the forecast period of 2020-2030. Growth in demand for fertilizer additives is largely credited to the growing fertilizer industry, which has expanded 2X over the past half-decade. Prices of fertilizer additives have also grown by 2% at a nominal rate over the past half-decade. However, the recent downfall in the market can largely be attributed to the COVID-19 pandemic and associated dip in aggregate demand of the product. Reopening of the fertilizer industry has kick-started the production of fertilizer additives. According to Fact.MR estimates, the market is set to reach its original growth rate by the end of the 2nd quarter of FY2021. ...
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Beverage Carrier Rings Market Reach US$ 780 Mn by 2030; Sluggish Activities in Beverage Sector amidst COVID-19 Outbreak Hurting Demand

Aug 24, 2020

Beverage Carrier Rings Market Reach US$ 780 Mn by 2030; Sluggish Activities in Beverage Sector amidst COVID-19 Outbreak Hurting Demand
The brewing industry across the globe is growing as demand for alcoholic beverages such as wine, beer, and craft beer is continuously increasing. This is creating many opportunities for players in the beverage carrier rings market space. Also, the use of cans is highly preferred over bottles by both, beverage companies and consumers, as these cans can be recycled and reused.  Therefore, the demand for canned beverages is rising rapidly, which is one of the most important factors that will help the beverage carrier rings market grow substantially during the years 2020 to 2030. ...
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Automotive Lightweight Material Market to Reach US$ 400 Bn by 2030; Witnessing Dominant Resurgence by Mid-term Forecast Period, Says Fact.MR

Aug 21, 2020

Automotive Lightweight Material Market to Reach US$ 400 Bn by 2030; Witnessing Dominant Resurgence by Mid-term Forecast Period, Says Fact.MR
The global automotive lightweight material market is forecast to witness a moderate growth rate of around 5% over the forecast period of 2020-2030. Growing demand for automotive lightweight material over the past half-decade could be attributed to the production uptake of automotive since 2015. Regions such as China and North America are providing promising growth to the market, owing to the high utilization of AHSS & UHSS. Moreover, demand for aluminium in South Asia & Oceania is rising at a much faster pace, owing to its extensive integration in automotive manufacturing, especially for building the bodies of electric vehicles. ...
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Taxifolin Market to Expand Twofold by 2030; Contracting Demand from Allied Industries Due to COVID-19 Pandemic Stunting Market Growth

Aug 21, 2020

Taxifolin Market to Expand Twofold by 2030; Contracting Demand from Allied Industries Due to COVID-19 Pandemic Stunting Market Growth
Rising demand for taxifolin is attributed to the pharmaceutical sector, especially in the field of oncology. Research & development in the field of oncology drugs has expanded at a faster pace over the past half-decade. Taxifolin, being a potent flavonoid, is immensely used to manufacture drugs for the treatment of inflammatory disease state in cancer. Demand from the pharmaceutical sector remained intact over the course of COVID -19-related lockdowns in Q1 and Q2 of FY2020. Overall decline in the market was observed due reduction of beverage and food production to some extent. However, reopening of trade channels across the globe is set to resurrect the market by Q3 of FY2020, with the market set to return to its original form by the end of FY2020. The global taxifolin market is forecast to witness healthy growth at a CAGR of more than 6% over the forecast period of 2020-2030. ...
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Art Supplies Market to Cross US$ 65 Bn by 2030; Demand to Witness Marginal Decline in Near Term amidst COVID-19 Pandemic

Aug 20, 2020

Art Supplies Market to Cross US$ 65 Bn by 2030; Demand to Witness Marginal Decline in Near Term amidst COVID-19 Pandemic
The spread of COVID-19 is resulting in declining sales as the number of consumers are staying indoors, which ultimately reduces the sales of art supplies. In addition, declining demand from end users owing to the shutdown of schools, colleges, and offices, coupled with decrease in production capacity, is expected to affect the art supplies market. However, the market is expected to show better growth ahead, with the reopening of most institutions across the world. The pervasiveness of e-Commerce has led many art manufacturers to offer their products through this channel. e-Commerce has been steadily progressing over the years, especially in urban centers. Online sales of art supplies is providing the much-needed boost to sustain the momentum of the global art supplies market. ...
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Fabric Glue Market to Be Valued Over US$ 3 Bn by 2030; High Usage in Protective Gear Surging Market Growth during COVID-19 Pandemic

Aug 20, 2020

Fabric Glue Market to Be Valued Over US$ 3 Bn by 2030; High Usage in Protective Gear Surging Market Growth during COVID-19 Pandemic
Increasing adoption of various hygiene products is expected to boost the demand for fabric glue to a large extent. Asia Pacific is a crucial hygiene products market, and accounted for more than 34% of the global market share in 2019. ...
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Aerospace Filter Market to Expand Twofold by 2030; Decline in Sales Due to Restrictions on Air Travel during COVID-19 Pandemic

Aug 19, 2020

Aerospace Filter Market to Expand Twofold by 2030; Decline in Sales Due to Restrictions on Air Travel during COVID-19 Pandemic
The global aerospace filter market is estimated to be valued at US$ 6.6 Bn in 2020, and surpass US$ 13 Bn by the end of the forecast period (2020-2030). Presently, the spread of COVID-19 has affected the aviation industry, as suppliers in the market are seeing a steep fall in their profits with flights were grounded, resulting in declining sales of aerospace filters. Further, the International Air Transport Association (IATA) estimates that, the industry will require a cash infusion of nearly US$ 200 Bn to keep going. The capital-intensive nature of the industry has raised concerns about cash flow and liquidity, which, in turn, is hampering the growth of the aerospace filter market. ...
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COVID-19 Outbreak to Prove Highly Lucrative for Free-from Foods Market, Infers Fact.MR

Aug 19, 2020

COVID-19 Outbreak to Prove Highly Lucrative for Free-from Foods Market, Infers Fact.MR
The global free-from foods market is expected to portray a healthy CAGR, expanding at nearly 6% over the forecast period of 2020 to 2030. The COVID-19 effects on the free-from foods market have been high during the lockdown phase. Stockpiling tendencies have led to a spike in sales during the 2nd quarter of 2020. High sales of free-from foods during the 2nd quarter are expected to create a new consumer base, as more individuals are turning towards healthy food products. Owing to these factors, the free-from foods market is expected to show prominent growth after the COVID-19 crisis has been brought under control. ...
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Temperature Control Unit Market Will See Decline in Sales in Near Term Due to COVID-19, But Long-term Outlook Remains Positive, as per Fact.MR

Aug 18, 2020

Temperature Control Unit Market Will See Decline in Sales in Near Term Due to COVID-19, But Long-term Outlook Remains Positive, as per Fact.MR
The temperature control unit market is poised to expand at a value CAGR of close to 5%, and is expected to create an absolute dollar opportunity of US$ 1.1 Bn during the forecast duration of 2020-2030. The outbreak of COVID-19 has decelerated the demand for temperature control units for various industrial applications due to the unavailability of components because of major supply chain disruptions. Further, government-mandated shutdowns of several end-use industries such as printing, chemicals, and engineering & mechanical are resulting in declining sales of temperature control units. ...
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Light Tower Market to Expand 1.6X by 2030; Reduced Construction Activities during COVID-19 Pandemic Impeding Market Growth

Aug 18, 2020

Light Tower Market to Expand 1.6X by 2030; Reduced Construction Activities during COVID-19 Pandemic Impeding Market Growth
In recent years, increasing popularity of solar light towers in North America and Europe has been significantly influencing the growth of the light tower market. Since 2017, oil prices have recovered to above US$ 70 per barrel from the previous low of US$ 40 per barrel, and have shown signs of steady improvement. This, coupled with major production cuts from OPEC countries, has made the oil & gas industry an under-supplied market, creating even more demand for oil production. With increasing investments in the oil & gas industry, demand for light towers is set to rise over the coming years. ...
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Terminal Tractor Market to Expand 1.4X by 2030, Decline in Sales Predicted during COVID-19 Pandemic, Projects Fact.MR

Aug 17, 2020

Terminal Tractor Market to Expand 1.4X by 2030, Decline in Sales Predicted during COVID-19 Pandemic, Projects Fact.MR
Technological advancements such as electrification of terminal tractors and integration of Internet of things (IoT), coupled with rising demand for automation at port terminals, warehouses, and distribution centers, are expected to fuel the adoption of terminal tractors. Further, rising international trade activities are encouraging users to opt for terminal tractors to boost work efficiency and reduce human error. This, in turn, will pave the way for significant opportunities for terminal tractor manufactures, globally. The global terminal tractor market is expected to create an absolute dollar opportunity of US$ 235 Mn by the end of the forecast period (2020-2030), and surpass a market value of US$ 875 Mn by 2030. ...
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Anti-Fatigue Mats Market to Reach US$ 190 Thousand by 2030; COVID-19 Pandemic Impeding Market Growth in the Near Term

Aug 17, 2020

Anti-Fatigue Mats Market to Reach US$ 190 Thousand by 2030; COVID-19 Pandemic Impeding Market Growth in the Near Term
Over the past few years, average working hours per employee in the industrial and corporate sectors have been rising as a result of skilled dedication to achieving targeted goals. Sit-stand desks are gaining popularity in developed countries such as the U.S., Germany, France and the U.K., which is increasing the demand for anti-fatigue mats. ...
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High Voltage Electric Heater Market to Expand 8X by 2030; Disruptions in End-use Industries Due to COVID-19 Outbreak Hurting Demand

Aug 14, 2020

High Voltage Electric Heater Market to Expand 8X by 2030; Disruptions in End-use Industries Due to COVID-19 Outbreak Hurting Demand
The automotive and aerospace industry has experienced increasing demand in developing countries such as China. Furthermore, mounting demand for customized products as per application requirement by numerous OEMs will drive the demand for high voltage electric heaters in the coming years. Advancements in the automotive industry and development of numerous concepts such as smart cars, connected cars, and electric cars will drive the demand for high voltage electric heater market. ...
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Forestry Machinery Market to Witness Declining Sales in Near Term amid COVID-19 Outbreak; Long-term Outlook Remains Positive, According to Fact.MR

Aug 14, 2020

Forestry Machinery Market to Witness Declining Sales in Near Term amid COVID-19 Outbreak; Long-term Outlook Remains Positive, According to Fact.MR
The global forestry machinery market is expected to be valued at over US$ 4 Bn by the end of 2020, and is anticipated to surpass US$ 6 Bn by the end of the forecast period of 2020-2030. However, the COVID-19 pandemic has interrupted the growth of the industrial equipment machinery market due to nationwide lockdowns, leading to a steep fall in the sales of forestry machinery, globally. In addition, high initial investment of forestry machinery adds another layer of complexity, as several users are hesitant to invest in new forestry machinery at this time. This, in turn, is expected to see a decline in the demand for forestry machinery in the near future. ...
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Soft Magnetic Composites (SMCs) Market to Expand Nearly Twofold by 2030; Reduced Industrial Activities amidst COVID-19 Restrictions Hampering Market Growth

Aug 13, 2020

Soft Magnetic Composites (SMCs) Market to Expand Nearly Twofold by 2030; Reduced Industrial Activities amidst COVID-19 Restrictions Hampering Market Growth
Growing automotive and electrical industry across the globe, especially in India and China, has cascaded the demand growth of the global soft magnetic composites (SMCs) market. Promising regions such as Europe, Japan, and North America too have provided a platform for the growth of the global soft magnetic composites market, owing to rapid growth of the mentioned sectors. Cost-effective and compact electromagnetic components made out of novel SMCs are set to drive demand over the next decade. Moreover, the soft magnetic composites market is in its growing stage in a PLC curve, owing to frequent innovations by key stakeholders and rapidly changing market dynamics. ...
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Undercarriage Components Market to Expand 1.4X by 2030, Despite Sluggish Growth in Near Term Due to COVID-19 Outbreak

Aug 12, 2020

Undercarriage Components Market to Expand 1.4X by 2030, Despite Sluggish Growth in Near Term Due to COVID-19 Outbreak
The global undercarriage components market is expected to surpass a value of US$ 6.5 Bn at the end of 2020, and is projected to expand at a value CAGR of close to 4% over the forecast period 2020-2030. The spread of COVID-19 is resulting in declining sales as the global construction industry is facing a downturn, which ultimately affects the sales of undercarriage components. The impact on the market is continuing to fluctuate as the sales of new equipment have come to a standstill. ...
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Soft Ferrite Market to Close in on US$ 65 Bn Valuation by 2030; Reduced Industrial Activities amidst COVID-19 Outbreak Stunting Demand

Aug 11, 2020

Soft Ferrite Market to Close in on US$ 65 Bn Valuation by 2030; Reduced Industrial Activities amidst COVID-19 Outbreak Stunting Demand
Growing electrical equipment installation across regions has provided a thrust to the soft ferrite market. Regions providing promising platforms for soft ferrite market growth are Japan and the Middle East & Africa, especially the UAE, owing to rapid growth in investments in the power industry. Moreover, in 2019, the Government of India opened 100% FDI to the electrical machinery sector, owing to rising power requirements in the country, which is set to drive the growth of the soft ferrite market in the country. India is set to provide a thrust to the APEJ soft ferrite market on a macroeconomic scale over the forecast period of 2020-2030. ...
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Insulated Drinkware Market to Reach US$ 2.7 Bn by 2030; Reduced Tourism & Outdoor Activities amidst COVID-19 Outbreak Impeding Market Growth

Aug 10, 2020

Insulated Drinkware Market to Reach US$ 2.7 Bn by 2030; Reduced Tourism & Outdoor Activities amidst COVID-19 Outbreak Impeding Market Growth
Nowadays, cafés and restaurants generally use insulated drinkware because of increasing preference for on-the-go drinks. Insulated drinkware also delivers exceptional printability that helps in point-of-sale brand awareness. Such factors are fuelling the global demand for insulated cups, a trend that will continue over the next decade. The global insulated drinkware market is anticipated to reach a valuation of over US$ 2.7 billion by 2030, with a growth rate pegged at over 6% over the forecast period of 2020-2030. ...
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Industrial Salt Market Set to Cross US$ 19.5 Bn by 2030; Reduced Demand from Oil & Gas Sector during COVID-19 Pandemic to Hurt Market Growth

Jul 30, 2020

Industrial Salt Market Set to Cross US$ 19.5 Bn by 2030; Reduced Demand from Oil & Gas Sector during COVID-19 Pandemic to Hurt Market Growth
Industrial salt is one of the key elements used for oil & gas drilling applications and to maintain the density of the crude oil produced. Growing demand from this sector has significantly assisted the revenue growth of manufacturers channelling industrial salt during the historical period. However, with the ongoing COVID-19 crisis, demand has declined, and a majority of manufacturers have shut down their operations across the world. Decline in oil prices too have had an adverse effect on industrial salt prices across regions. Nevertheless, market growth is set to resurrect post 3rd quarter of FY 2020. The industrial salt market is estimated to be valued at US$ 19.5 Bn in 2030, creating an absolute dollar opportunity of US$ 6.3 Bn during the forecast period (2020-2030). The market is anticipated to progress at a decent CAGR of around 4% over the assessed forecast period. ...
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Combined Heat and Power (CHP) Systems Market to Surpass US$ 26 Bn by 2030, Near-term Decline in Sales Due to COVID-19 Pandemic, Projects Fact.MR

Jul 28, 2020

Combined Heat and Power (CHP) Systems Market to Surpass US$ 26 Bn by 2030, Near-term Decline in Sales Due to COVID-19 Pandemic, Projects Fact.MR
Presently, the global combined heat and power (CHP) systems market is witnessing a downturn, as the demand for this equipment is directly linked to the growth of the industrial, commercial, and residential sectors. Growing concerns regarding the COVID-19 pandemic have affecting ongoing projects that have been stalled, which is impacting the delivery of CHP systems. However, continuous development of a comprehensive range of cogeneration prime mowers such as gas turbines, gas engines, and steam turbine systems for several industries is anticipated to aid market growth. Further, the combined heat and power systems market in developing Asian countries is expected to gain significant traction due to the development of new technologies and products that reduce environmental burden. This, in turn, is anticipated to create significant opportunities for the CHP systems market by the end of 2030. ...
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Massive Wood Slabs Market to Be Valued Over US$ 2 Bn by 2030; Restrictions Due to COVID-19 Pandemic Affecting Manufacturing and Supply Chain

Jul 27, 2020

Massive Wood Slabs Market to Be Valued Over US$ 2 Bn by 2030; Restrictions Due to COVID-19 Pandemic Affecting Manufacturing and Supply Chain
Demand for massive wood slabs is projected to witness significant increment, globally, over the forecast period, due to increasing preference for wooden furniture among consumers, especially in developed regions. Rapid urbanization and improved lifestyle in these regions have led to significant upsurge in demand for wooden furniture, which has subsequently increased demand for massive wood slabs. As such, manufacturers have also increased their production of massive wood slabs and wood products. For instance, according to the Food and Agriculture Organization of the United Nations (FAO), in the year 2018, production of forest products increased by around 5% and international wood trade value was 11% higher as compared to year 2017. ...
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Mini LED Market to Expand 7.5X by 2030; South-bound Demand Trend being Witnessed from End-use Industries during COVID-19 Pandemic

Jul 24, 2020

Mini LED Market to Expand 7.5X by 2030; South-bound Demand Trend being Witnessed from End-use Industries during COVID-19 Pandemic
In recent years, increasing popularity of OLED TVs in China and India has been significantly influencing growth of the mini LED market. With an increase in disposable income of a majority of the population in these countries, the inclination towards smart screens with higher lifespan and better performance is expected to open up numerous growth opportunities for the mini LED market. Moreover, aspiring and affluent households have increased their spending on consumer electronics products and smart gadgets, which is set to drive demand from end-use industries in the mini LED market. ...
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Clay Pigeon Thrower Market to be Valued around US$ 1,700 Thousand by 2030; Suspension of Sports Activities to Combat COVID-19 Spread Impeding Market Growth

Jul 23, 2020

Clay Pigeon Thrower Market to be Valued around US$ 1,700 Thousand by 2030; Suspension of Sports Activities to Combat COVID-19 Spread Impeding Market Growth
Over the last ten years, a lot of clay targeting ranges and clubs have sprung, mainly across developed nations in North America and Europe. Clay pigeon targeting, as a sport, is gaining popularity in these regions, with more of the teenage and young adult population shifting from e-sport-based video games to targeting sports, due to these being more realistic in nature. With the growing popularity of this sport in urban areas, the global clay pigeon thrower market is anticipated to reach a valuation of over US$ 1,700 thousand (Th) by 2030, expanding at a growth rate of over 4% through 2030. ...
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Selective Catalytic Reduction (SCR) Catalyst Market to Cross US$ 4 Bn in 2030; Raw Material Procurement Issues Due to COVID-19 Outbreak Impeding Market Growth

Jul 22, 2020

Selective Catalytic Reduction (SCR) Catalyst Market to Cross US$ 4 Bn in 2030; Raw Material Procurement Issues Due to COVID-19 Outbreak Impeding Market Growth
Advanced active emission control technology and efficacy to react with nitrogen oxide (NOx) to convert pollutants into nitrogen, water, and tiny amounts of CO2 have increased the demand for selective catalytic reduction (SCR) catalyst technology. The scenario is projected to continue during the forecast period (2020 to 2030), owing to increased demand for SCR catalysts for diesel engines. Diesel engine vehicles have gained significant traction in recent years, and in order to reduce the large amounts of NOx and diesel particulate matter, the SCR catalyst market is set to expand at a decent pace during the forecast period. ...
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Nafion Market Value to Close in on US$ 1.3 Bn by 2030; Import-Export Restrictions amidst COVID-19 Pandemic Adversely Affecting Production Activities

Jul 21, 2020

Nafion Market Value to Close in on US$ 1.3 Bn by 2030; Import-Export Restrictions amidst COVID-19 Pandemic Adversely Affecting Production Activities
Attributed to excellent mechanical properties and high ionic conductivity, nafion membranes have become the material of choice in flow batteries and hydrogen production. These technologies enable companies to store energy and maximize the production of renewable energy without impacting the stability of the utility grid. Surging demand for large-scale electrical energy storage systems and increasing adoption of nafion membranes in long-life flow batteries are set to reap fruitful opportunities for players in the nafion market. ...
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Plant-based Dairy Market to Expand 3X by 2030; Surging Demand for Immunity-boosting Foods to Combat COVID-19 Spread Aiding Market Growth

Jul 16, 2020

Plant-based Dairy Market to Expand 3X by 2030; Surging Demand for Immunity-boosting Foods to Combat COVID-19 Spread Aiding Market Growth
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. ...
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Dual Interface Smart Card Market to Grow 1.8X by 2030; Supply Chain Issues Due to COVID-19-related Restrictions Hampering Market Growth

Jul 15, 2020

Dual Interface Smart Card Market to Grow 1.8X by 2030; Supply Chain Issues Due to COVID-19-related Restrictions Hampering Market Growth
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. ...
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Pallet Jack Market to Expand at Healthy 9% CAGR through 2030; Reduced Activities in End-use Industries amidst COVID-19 Pandemic Impeding Sales Prospects

Jul 14, 2020

Pallet Jack Market to Expand at Healthy 9% CAGR through 2030; Reduced Activities in End-use Industries amidst COVID-19 Pandemic Impeding Sales Prospects
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. ...
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Conveyor Sprockets Market to Reach US$ 940 Mn by 2030; Slow Growth Due to COVID-19 Pandemic Affecting Manufacturing Prospects

Jul 13, 2020

Conveyor Sprockets Market to Reach US$ 940 Mn by 2030; Slow Growth Due to COVID-19 Pandemic Affecting Manufacturing Prospects
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. ...
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Epoxy Hardener Market to Expand 1.8X by 2030; Decline in Production by End-use Industries Due to COVID-19 Pandemic Stunting Market Growth

Jul 10, 2020

Epoxy Hardener Market to Expand 1.8X by 2030; Decline in Production by End-use Industries Due to COVID-19 Pandemic Stunting Market Growth
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. ...
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Bedding Protectors Market to Cross US$ 3 Bn Valuation in 2030; Restrictions Due to COVID-19 Pandemic Affecting Manufacturing and Sales Prospects

Jul 09, 2020

Bedding Protectors Market to Cross US$ 3 Bn Valuation in 2030; Restrictions Due to COVID-19 Pandemic Affecting Manufacturing and Sales Prospects
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. ...
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Current Sensor Market to Expand 2.5X by 2030; Near-term Growth Affected Due to COVID-19 Pandemic-related Demand and Consumption Decline

Jul 07, 2020

Current Sensor Market to Expand 2.5X by 2030; Near-term Growth Affected Due to COVID-19 Pandemic-related Demand and Consumption Decline
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. ...
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Innovations and 4D Technology Are Transforming the Automotive Radar Market, Finds Fact.MR

Jul 07, 2020

Innovations and 4D Technology Are Transforming the Automotive Radar Market, Finds Fact.MR
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. ...
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Bathroom Sink Market to be Valued at US$ 16.2 Bn by 2030 End; COVID-19 Pandemic Resulting in Supply Chain Disruptions and Decreased Demand

Jul 06, 2020

Bathroom Sink Market to be Valued at US$ 16.2 Bn by 2030 End; COVID-19 Pandemic Resulting in Supply Chain Disruptions and Decreased Demand
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. ...
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