Polio Vaccine Market Trends, Rising Demand, Growth, and Forecast Report By 2027
Research Nester has released a report titled “Polio Vaccine Market – Global Demand Analysis & Opportunity Outlook 2027″which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter’s five force model.
Poliovirus vaccines are the vaccines used for the prevention of poliomyelitis disease. The market is observing vibrant growth on account of rising awareness amongst people about the deadly effect of the disease, growing number of vaccinations operations and rise in investments for the development of different types of polio vaccines.
Furthermore, to prevent the deadly disease of poliomyelitis, nations around the globe, along with organizations such as World Health Organization (WHO) and the United Nations Children’s Fund (UNICEF) have initiated the Global Polio Eradication Initiative (GPEI), which is also anticipated to raise the demand for polio vaccines market.
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The global polio vaccine market is anticipated to record robust CAGR over the forecast period, i.e. 2019-2027. The market is segmented by product type into inactivated poliovirus vaccine (IPV) and oral poliovirus vaccine (OPV). Among these segments, oral poliovirus vaccine (OPV) segment is anticipated to hold largest market share, owing to lower price of OPV as compared to IPV, which is raising the affordability of OPV, especially in lower and middle income nations around the globe.
The purchase of OPV as per total annual dosage reached 1,720,098,395 numbers in 2017 from 11,489,000 numbers in 2013, as per the statistics provided by World Health Organization (WHO).
Geographically, the global polio vaccine market is segmented by five major regions into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa region, out of which, Asia-Pacific is expected to have largest market share on the back of increasing population in the region, growing consumption of polio vaccines and presence of lower and middle income nations, who can afford subsidized poliovirus vaccines from WHO and the United Nations Children’s Fund (UNICEF).
The annual dosage of poliovirus vaccines in South East Asia region was recorded the highest amongst all the regions with 1,099,141,085 numbers in 2017 from 100,000 numbers in 2014.
However, concerns observed in few lower income nations for socio-cultural issues and other factors, such as spread rumors, political issues and others, coupled with threats of vaccine contamination, which might pose a massive threat to the human population, are estimated to act as a barrier to the growth of the market during the forecast period.
This report also studies existing competitive scenario of some of the key players of the global polio vaccine market, which includes profiling:
GlaxoSmithKline plc. (lon:GSK),
Sanofi Pasteur Limited (nse:SANOFI),
Astellas Pharma Inc. (tyo:4503),
Pfizer Inc. PFE, +0.33%,
Novartis AG (swx:NOVN),
F. Hoffmann-La Roche Ltd (swx:ROG),
Merck & Co., Inc. MRK, -0.77%,
Abbvie Inc. ABBV, +0.52%,
Bharat Biotech and Serum Institute of India Pvt. Ltd.
The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Polio Vaccine Market – Global Demand Analysis & Opportunity Outlook 2027”, analyses the overall global polio vaccine industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global polio vaccine market in the near future.
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About Research Nester:
Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment, etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.
Contact Us:
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Email: sales@researchnester.com
U.S. Phone: +1 646 586 9123
U.K. Phone: +44 203 608 5919
Electric Vehicle Battery Recycling Market Trends and Recent Changes and Developments in the Market Till 2027
Research Nester has released a report titled “Electric Vehicle Battery Recycling Market – Global Demand Analysis & Opportunity Outlook 2027″ which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter’s five force model.
The International Monetary Fund stated in one of its report that the primary commodity price of Cobalt reached 72,911.24 USD in the year 2018 from that of 32,088.12 USD in the year 2009.
The statistics portray the rising costs of highly valuable metals, which is raising the manufacturing costs of electric vehicle batteries (EVBs). EVBs are manufactured by using several elements, which also includes few valuable metals such as lithium, cobalt and nickel among others. These valuable metals are found in regions, for instance, Cuba, Papua New Guinea, and others, from which sourcing of these metals becomes a challenging aspect for the battery manufacturers.
EVB recycling processes helps battery manufacturers procure these valuable metals at a lower costs, which also lowers the overall manufacturing costs of EVBs. Additionally, EVB recycling also eliminates the unnecessary exploitation of valuable metals and natural resources, which is also adding up to meet the proposed sustainable goals of the environment. All of these factors are anticipated to support the growth of the electric vehicle battery recycling market.
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The electric vehicle battery recycling market is anticipated to record robust CAGR over the forecast period, i.e. 2019-2027. The market is segmented by type into lead acid, nickel metal hydride and lithium-ion batteries. Among these segments, lithium-ion segment is anticipated to hold largest market share on the back of improved discharge and charge efficiency, longer life span and the ability to deep cycle while maintaining power.
Additionally, lithium-ion batteries are known for light weight, greater flexibility and smaller size, which makes it easier for electric vehicle manufacturers to make such battery types as the best fit for the vehicle.
The market is also segmented by recycling process type into pyrometallurgical, hydrometallurgical and mechanical or physical recycling process, out of which, hydrometallurgical process segment is anticipated to gain significant market share on the back of greater range and complexity of recovered materials by hydrometallurgical process, coupled with other factors such as high efficiency of recycling process and greater future economic viability.
Geographically, the electric vehicle battery recycling market is segmented by five major regions into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa region, out of which, Asia-Pacific is anticipated to hold largest market share on account of nations such as China, which is known to be the world leader in exports of lithium-ion batteries and having the highest stock of electric vehicles.
The International Energy Agency (IEA) stated in one of its report that electric car stock peaked 2306.30 thousand units in the year 2018 from that of 0.48 thousand units in the year 2009.
Moreover, Europe is anticipated to gain significant market share on the back of growing number of battery manufacturers who are opting for EVB recycling owing to regulatory norms and actions taken by the government against the growing wastes generated from dumping of batteries.
However, concerns for setting up of EVB recycling plants owing to high setup costs is estimate to act as a barrier to the growth of the market during the forecast period.
This report also studies existing competitive scenario of some of the key players of the electric vehicle battery recycling market, which includes profiling of ACCUREC Recycling GmbH, American Manganese Inc. (cve:AMY), Battery Solutions, LI-CYCLE CORP., G&P Service, Recupyl, Retriev Technologies, Veolia (epa:VIE), SNAM (bit:SRG) and Umicore (ebr:UMI).
The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Electric Vehicle Battery Recycling Market – Global Demand Analysis & Opportunity Outlook 2027”, analyses the overall electric vehicle battery recycling industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the electric vehicle battery recycling market in the near future.
Get More Info About This Report @ https://www.researchnester.com/reports/electric-vehicle-battery-recycling-market/2012
About Research Nester:
Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment, etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.
Contact Us:
AJ Daniel
Email: sales@researchnester.com
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U.K. Phone: +44 203 608 5919
Originally Published by : https://www.marketwatch.com/
Related Trending Reports:
Polio Vaccine Market-Growth Insight, Trends, Leaders, Services and Future Forecast to 2027
Research Nester has released a report titled “Polio Vaccine Market – Global Demand Analysis & Opportunity Outlook 2027″which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter’s five force model.
Poliovirus vaccines are the vaccines used for the prevention of poliomyelitis disease. The market is observing vibrant growth on account of rising awareness amongst people about the deadly effect of the disease, growing number of vaccinations operations and rise in investments for the development of different types of polio vaccines.
Furthermore, to prevent the deadly disease of poliomyelitis, nations around the globe, along with organizations such as World Health Organization (WHO) and the United Nations Children’s Fund (UNICEF) have initiated the Global Polio Eradication Initiative (GPEI), which is also anticipated to raise the demand for polio vaccines market.
Get Exclusive Sample Report Copy Of This Report @ https://www.researchnester.com/sample-request-1999
The global polio vaccine market is anticipated to record robust CAGR over the forecast period, i.e. 2019-2027. The market is segmented by product type into inactivated poliovirus vaccine (IPV) and oral poliovirus vaccine (OPV). Among these segments, oral poliovirus vaccine (OPV) segment is anticipated to hold largest market share, owing to lower price of OPV as compared to IPV, which is raising the affordability of OPV, especially in lower and middle income nations around the globe.
The purchase of OPV as per total annual dosage reached 1,720,098,395 numbers in 2017 from 11,489,000 numbers in 2013, as per the statistics provided by World Health Organization (WHO).
Geographically, the global polio vaccine market is segmented by five major regions into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa region, out of which, Asia-Pacific is expected to have largest market share on the back of increasing population in the region, growing consumption of polio vaccines and presence of lower and middle income nations, who can afford subsidized poliovirus vaccines from WHO and the United Nations Children’s Fund (UNICEF). The annual dosage of poliovirus vaccines in South East Asia region was recorded the highest amongst all the regions with 1,099,141,085 numbers in 2017 from 100,000 numbers in 2014.
However, concerns observed in few lower income nations for socio-cultural issues and other factors, such as spread rumors, political issues and others, coupled with threats of vaccine contamination, which might pose a massive threat to the human population, are estimated to act as a barrier to the growth of the market during the forecast period.
This report also studies existing competitive scenario of some of the key players of the global polio vaccine market, which includes profiling of GlaxoSmithKline plc. (lon:GSK), Sanofi Pasteur Limited (nse:SANOFI), Astellas Pharma Inc. (tyo:4503), Pfizer Inc. PFE, +0.44%, Novartis AG (swx:NOVN), F. Hoffmann-La Roche Ltd (swx:ROG), Merck & Co., Inc. MRK, -0.07%, Abbvie Inc. ABBV, +0.23%, Bharat Biotech and Serum Institute of India Pvt. Ltd.
The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Polio Vaccine Market – Global Demand Analysis & Opportunity Outlook 2027”, analyses the overall global polio vaccine industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global polio vaccine market in the near future.
Get Exclusive Sample Report Copy Of This Report @ https://www.researchnester.com/sample-request-1999
About Research Nester:
Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment, etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.
Contact Us:
AJ Daniel
Email: sales@researchnester.com
U.S. Phone: +1 646 586 9123
U.K. Phone: +44 203 608 5919
Originally published at https://www.marketwatch.com
Electric Vehicle Battery Recycling Market-Technological Innovations,Market Size,Risk Analysis and Forecast Report By 2027
Research Nester has released a report titled “Electric Vehicle Battery Recycling Market – Global Demand Analysis & Opportunity Outlook 2027″ which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter’s five force model.
The International Monetary Fund stated in one of its report that the primary commodity price of Cobalt reached 72,911.24 USD in the year 2018 from that of 32,088.12 USD in the year 2009.
The statistics portray the rising costs of highly valuable metals, which is raising the manufacturing costs of electric vehicle batteries (EVBs). EVBs are manufactured by using several elements, which also includes few valuable metals such as lithium, cobalt and nickel among others. These valuable metals are found in regions, for instance, Cuba, Papua New Guinea, and others, from which sourcing of these metals becomes a challenging aspect for the battery manufacturers.
EVB recycling processes helps battery manufacturers procure these valuable metals at a lower costs, which also lowers the overall manufacturing costs of EVBs. Additionally, EVB recycling also eliminates the unnecessary exploitation of valuable metals and natural resources, which is also adding up to meet the proposed sustainable goals of the environment. All of these factors are anticipated to support the growth of the electric vehicle battery recycling market.
Get Exclusive Sample Report Copy Of This Report @ https://www.researchnester.com/sample-request-2012
The electric vehicle battery recycling market is anticipated to record robust CAGR over the forecast period, i.e. 2019-2027. The market is segmented by type into lead acid, nickel metal hydride and lithium-ion batteries. Among these segments, lithium-ion segment is anticipated to hold largest market share on the back of improved discharge and charge efficiency, longer life span and the ability to deep cycle while maintaining power.
Additionally, lithium-ion batteries are known for light weight, greater flexibility and smaller size, which makes it easier for electric vehicle manufacturers to make such battery types as the best fit for the vehicle.
The market is also segmented by recycling process type into pyrometallurgical, hydrometallurgical and mechanical or physical recycling process, out of which, hydrometallurgical process segment is anticipated to gain significant market share on the back of greater range and complexity of recovered materials by hydrometallurgical process, coupled with other factors such as high efficiency of recycling process and greater future economic viability.
Geographically, the electric vehicle battery recycling market is segmented by five major regions into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa region, out of which, Asia-Pacific is anticipated to hold largest market share on account of nations such as China, which is known to be the world leader in exports of lithium-ion batteries and having the highest stock of electric vehicles.
The International Energy Agency (IEA) stated in one of its report that electric car stock peaked 2306.30 thousand units in the year 2018 from that of 0.48 thousand units in the year 2009.
Moreover, Europe is anticipated to gain significant market share on the back of growing number of battery manufacturers who are opting for EVB recycling owing to regulatory norms and actions taken by the government against the growing wastes generated from dumping of batteries.
However, concerns for setting up of EVB recycling plants owing to high setup costs is estimate to act as a barrier to the growth of the market during the forecast period.
This report also studies existing competitive scenario of some of the key players of the electric vehicle battery recycling market, which includes profiling of ACCUREC Recycling GmbH, American Manganese Inc. (cve:AMY), Battery Solutions, LI-CYCLE CORP., G&P Service, Recupyl, Retriev Technologies, Veolia (epa:VIE), SNAM (bit:SRG) and Umicore (ebr:UMI).
The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Electric Vehicle Battery Recycling Market – Global Demand Analysis & Opportunity Outlook 2027”, analyses the overall electric vehicle battery recycling industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the electric vehicle battery recycling market in the near future.
Get More Info About This Report @ https://www.researchnester.com/reports/electric-vehicle-battery-recycling-market/2012
About Research Nester:
Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment, etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.
Contact Us:
AJ Daniel
Email: sales@researchnester.com
U.S. Phone: +1 646 586 9123
U.K. Phone: +44 203 608 5919
Originally published at https://www.marketwatch.com
3D Mammography System Market-Research Methodology,Recent Changes and Rising Demand,Forecast Report By 2027
Research Nester released a report titled “3D Mammography System Market: Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the global 3D mammography system market in terms of market segmentation by application, by end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
3D mammography system provides detailed 3D images during the breast cancer screening procedure which results in better cancer detection by allowing doctors to identify cancerous as well as non-cancerous growth. The market for 3D mammography system is anticipated to record a substantial CAGR during the forecast period, 2019-2027.
This can be attributed to the rising demand for breast cancer screening methodologies that are highly accurate and more effective than 2D mammography techniques. The market is segmented by application, by end user and by region, out of which, the end user segment is further segmented into diagnostic centers, hospitals, clinics and others. Out of these, the hospitals segment is estimated to hold the largest share in the market as a result of growing number of visits by people for screening and diagnostic tests in hospitals.
The market in North America is anticipated to hold the largest share in the market on account of technological advancements in the medical industry which give rise to improved 3D mammography devices. The growing number of companies present in the region which are developing such devices are addition factors estimated to support the market growth.
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The market in Asia-Pacific region is anticipated to observe the highest growth in the upcoming years as a result of high prevalence of breast cancers and an increased demand for accurate diagnostic devices in the region.
Growing Awareness about Breast Cancer to Support the Market Growth
It was reported by the World Health Organization that an estimate of 627,000 women died from breast cancer in 2018, which comprised of approximately 15% of all cancer-related deaths among women globally. Rising awareness among people, especially women, about the risks associated with breast cancer and the available treatment methods is estimated to become a major growth factor for the 3D mammography system market. However, the high cost of 3D mammography devices is anticipated to restrict the growth of this market during the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global 3D mammography system market which includes company profiling of Hologic, GENERAL ELECTRIC COMPANY (GE), Siemens Healthcare (SIE), Koninklijke Philips (PHIA), Fujifilm Corporation, IMS GIOTTO and Planmed OY.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global 3D mammography system market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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About Research Nester:
Research Nester is a one-stop service provider with a client base in more than 50 countries, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives for their future investment while avoiding forthcoming uncertainties. With an out-of-the-box mindset to produce statistical and analytical market research reports, we provide strategic consulting so that our clients can make wise business decisions with clarity while strategizing and planning for their forthcoming needs and succeed in achieving their future endeavors. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds.
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Originally published at https://www.marketwatch.com
Heat, Ventilation and Air-Conditioning (HVAC) Equipment Market:Risk Analysis,Recent Changes and Developments in the Market 2021
Recent report published by research nester titled “Heat, Ventilation and Air-Conditioning (HVAC) Equipment Market: Global Demand Analysis & Opportunity Outlook 2021” delivers detailed overview of the global heat, ventilation and air-conditioning (HVAC) equipment market in terms of market segmentation by equipment type, by end-user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global heat, ventilation and air-conditioning (HVAC) equipment market is segmented into end-user such as residential and commercial/industrial out of which, commercial/industrial segment dominated the overall heat, ventilation and air-conditioning (HVAC) equipment market and is envisioned to seize a considerable CAGR by 2021.
Likely, robust expansion of commercial building along with rising demand for innovative and advanced HAVC equipments is projected to bolster the growth of global heat, ventilation and air-conditioning (HVAC) equipment market. Furthermore, increasing spending of the consumers on comfortable products is also envisioned to trigger the growth of heat, ventilation and air-conditioning (HVAC) equipment market in near future.
Global heat, ventilation and air-conditioning (HVAC) equipment market is anticipated to showcase a robust CAGR of 4.4% during the forecast period i.e. 2015–2021. Additionally, increasing construction of smart homes integrated with advanced features such as HAVC systems is believed to supplement the growth of heat, ventilation and air-conditioning (HVAC) equipment market. Moreover, the global heat, ventilation and air-conditioning (HVAC) equipment market is projected to reach for USD 69.0 Billion by the end of 2021.
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The air-conditioning segment by equipment type is projected to attain a notable CAGR over the forecast period. In terms of regional platform, with 51.2% share in 2015, Asia-Pacific accounted for the biggest market of heat, ventilation and air-conditioning (HVAC) equipment by witnessing a noteworthy CAGR during the forecast period. Moreover, strengthening GDP figures of the emerging economies such as China and India have paved a positive wave for the growth of commercial and industrial sector which is expected to bolster the growth of heat, ventilation and air-conditioning (HVAC) equipment market.
Growing Demand for Energy-Efficient HVAC
Rising adoption of heat, ventilation and air-conditioning (HVAC) equipment by dairy companies due to numerous factors such as to ensure longevity, hygiene, and safety of the products. Likely, growing demand to preserve dairy products is predicted to boost the growth of heat, ventilation and air-conditioning (HVAC) equipment market.
Technological Advancement
Integration of numerous features into HAVC equipments for instance internet of things (IoT) and others are gaining popularity among the consumers which is expected to bolster the growth of heat, ventilation and air-conditioning (HVAC) equipment market. Moreover, increasing installation of advanced technologies into residential houses on the back of swelled disposable income is also predicted to fuel the demand for heat, ventilation and air-conditioning (HVAC) equipments.
On the contrary, high cost associated with the HAVC system and high electricity consumption are some of the factors hindering the growth of heat, ventilation and air-conditioning (HVAC) equipment market across the globe.
This report also provides the existing competitive scenario of some of the key players of the global heat, ventilation and air-conditioning (HVAC) equipment market which includes company profiling of Daikin Industries, Johnson Controls, Ingersoll-Rand, AB Electrolux, Nortek, Samsung, Siemens, and L.G. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments.
On the whole, the report depicts detailed overview of the global heat, ventilation and air-conditioning (HVAC) equipment market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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About Research Nester
Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.
Contact for more Info:
AJ Daniel
Email: sales@researchnester.com
U.S. +1 646 586 9123
U.K. +44 203 608 5919
Originally published at https://www.marketwatch.com on October 15, 2019.
Silica Aerogel Market Size:Rising Demand,Emerging Trends,Future Scope and Forecast Report By 2016–2023
Global Silica Aerogel Market is segmented into form such as monolith form, blanket form, article form and panel form. Among these segments, blanket form segment accounted for the dominating segment in overall silica aerogel market and is projected to garb a considerable CAGR in near future. Likely, increasing adoption of silica aerogel by various industries such as oil and gas, automotive and others is propelling the market of silica aerogel across the globe. In addition to this, increasing adoption of environmental friendly products is also predicted to foster the growth of silica aerogel market.
Global silica aerogel market is anticipated to mask a noteworthy CAGR during the forecast period i.e. 2016–2023. Moreover, the global silica aerogel market accounted revenue of USD 415.3 Million in 2015. Additionally, the market is riding on the back of spiked growth in construction and aerospace industry.
The electronics segment by application is projected to seize a robust CAGR over the forecast period. Moreover, the growth of aerospace segment is attributed to the growing demand high grade and advanced thermal insulators such as silica aerogel. In terms of regional platform, North America and Europe region are the prominent regional markets of silica aerogel. With 64% share, North America region captured the largest market of silica aerogel in 2015.
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Moreover, swift development in aerospace industry in this region is pushing the demand for silica aerogel. Europe silica aerogel market is projected to grasp a CAGR of 21.5% over the forecast period. Apart from this, Asia-Pacific region is believed to be the most lucrative market of silica aerogel owing to emerging economies such as India and China.
Rising Government Initiatives
Favorable government policies in order to adopt efficient silicates due to their numerous properties such as light weight and others is believed to fuel the growth of silica aerogel market. For instance, government policies such as Energy Efficiency Directive are encouraging the consumers to adopt silica aerogel. This factor is projected to foster the growth of silica aerogel market.
Growing Power Sector
Expansion of power sector has augmented the demand for high value insulators in terms of quality and grade and property of high thermal insulation and poor thermal conduction of silica aerogel are anticipated to impel the growth of silica aerogel market by the end of 2023. Moreover, various properties of silica aerogel such as high strength, light weight, high absorption rate and high surface area are attracting the consumers which are believed to flourish the growth of silica aerogel market. On the contrary, high cost associated with silica is expected to dampen the growth of silica aerogel market throughout the globe.
This report also provides the existing competitive scenario of some of the key players of the global silica aerogel market which includes company profiling of Aerogel Technologies, Cabot Corporation, Dow Corning Corporation, Aspen Aerogels, Inc., NanoPore Incorporated, JIOS Aerogel, Active Space Technologies, Guangdong Alison Hi-Tech, Insulgel High-Tech, Enersens Aerogels.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global silica aerogel market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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About Research Nester:
Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.
Name:-AJ Dainel
Email: sales@researchnester.com
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Originally published at https://www.marketwatch.com on October 15, 2019.
