PMR’s Detailed Report on Sodium Propionate Market Offers Projections of Potential Impact of Corona Virus Outbreak

Persistence Market Research (PMR) delivers key insights on the global sodium propionate market in its upcoming outlook, titled, ‘Sodium Propionate Market: Global Industry Analysis 2013-2017 and Forecast 2018-2026‘. In terms of value, the global sodium propionate market is projected to register a healthy CAGR of 3.9% during the forecast period, due to various factors, regarding which, PMR offers vital insights in detail.

On the basis of application type, the food and beverages segment is expected to maintain its dominance in the sodium propionate market, with a significant CAGR of 3.9% during the forecast period. The increasing tendency for developing countries to adapt to food trends has resulted in a worldwide growth of the fast food culture. In North America alone, 34% of children consume fast food. Sodium propionate is an integral artificial preservative for processed foods and breads, which are major parts of the fast food culture. This is fueling the increasing demand for sodium propionate in the market.

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The global pharmaceutical industry has grown from US$ 390.2 Bn to over a trillion dollars in value, as of 2018. Sodium propionate, as an excipient, is an integral part of pharmaceutical formulations. Sodium propionate, because of its relatively inert nature in medicinal preparations, and efficient mold and bacteria inhibiting properties, is used in pharmaceuticals, extensively. The steady growth of the pharmaceutical industry accounts for a steady growth in the demand for sodium propionate over the forecast period.

Global meat production in 2017 stood at 322.36 Mn metric tons. With an increase in GDP, the consumption of meat and meat products is on the rise in developing countries. Sodium propionate is extensively used in the meat and meat products industry for its anti-bacterial and anti-mold properties. As the demand for processed meat products increases, globally, it aids the growth of the sodium propionate market.

In 2016, the U.S. government set revised guidelines for sodium content in food products. This can make certain manufacturers refrain from using sodium propionate as a preservative, and choose an alternate preservative. A negative mindset of the general public towards artificial preservatives such as sodium propionate can also be a hurdle for the sodium propionate market.

The raw material prices for manufacturing sodium propionate are volatile, and this has led key players to face increased product costs, in certain instances. The volatile raw material prices for the production of sodium propionate affects the sodium propionate market, since sodium propionate is bought primarily in bulk, and small fluctuations in prices affect the end consumer on a larger scale.

This report covers the trends driving each segment, and offers analysis and insights of the potential of the sodium propionate market in specific regions. North America is expected to register high growth rates between 2018 and 2026, and is also expected to remain the largest market for sodium propionate through 2026. According to market attractiveness, North America and Europe are relatively more attractive markets in the sodium propionate market. Based on application, the sodium propionate market is segmented as bakery products, meat and meat products, cheese & cheese products, pharmaceuticals, personal care, agrochemicals, and others.

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Detailed profiles of the providers are also included in the scope of the report, to evaluate their long-term and short-term strategies, key offerings, and recent developments in the sodium propionate space. Key players in the sodium propionate market include :

• Dr. Paul Lohmann GmbH KG
• Niacet Corporation
• Macco Organiques Inc
• Fine organic industries, Ltd
• Foodchem International
• Prathista Industries Ltd
• DR. Paul Lohmann GmbH KG
• Sigma-Aldrich, Inc
• Rishi chemical works Pvt. Ltd.
• Titan biotech Limited
• Toronto Research Chemicals Inc
• Krishna chemicals
• Jainex specialty chemicals
• Others.

A New PMR Report Forecasts the Impact of COVID 19 Pandemic on Microcrystalline Wax Market Growth Post 2020

Persistence Market Research has rolled out a new market research report titled “Microcrystalline Wax Market: Global Industry Analysis 2013 – 2017 and Forecast 2018 – 2026”, which examines the microcrystalline wax market and offers critical insights for the next eight years. Based on the findings specified in the report, the market is expected to witness rising demand from increasing end-use sectors and growing cosmetics as well as pharmaceutical industries. These factors are projected to drive the global microcrystalline wax market.

The estimated value of the microcrystalline wax market in 2018 is US$ 810.4 Mn, which is expected to expand at a CAGR of 3.9% and reach US$ 1,102.3 Mn by the end of 2026. In addition, the microcrystalline wax market is projected to create an incremental $ opportunity worth US$ 291.9 Mn during the forecast period.

Microcrystalline Wax Market Dynamics

The growing shift of manufacturing across globe and rising demand for end-use sectors such as pharmaceuticals, cosmetics & packaging are projected to drive the microcrystalline wax market over the forecast period. Moreover, rise in food packaging across regions is also expected to drive the microcrystalline wax market over the forecast period. The growth of end-use industry demand in key regions, such as SEA & Pacific China and Europe, is estimated to the market demand for numerous industries such as microcrystalline wax in the forthcoming years. Furthermore, changes in lifestyle generate demand for personal care products while the middle-class population is more inclined towards better living standards. Increasing production of pharmaceuticals and cosmetics, specifically in Asia, is estimated to surge raw material demand, which will impact the global microcrystalline wax over the forecast period

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The global pharmaceutical industry is expected to witness a satisfactory growth rate of 6–6.3% over the stipulated period and it is estimated to be comparatively high in emerging economies such as India, China, and Brazil. This steady increase is estimated to boost the sales of microcrystalline wax in the global market.  This growth in end-use industries can be attributed to the increasing urbanization and stable economic conditions in these regions, which in turn, will augment the growth of the microcrystalline wax market. Another key driver of the microcrystalline wax market is the consumer demand and interest. The consumer concern towards healthcare has increased and consumers are becoming more aware of the specifications and prefer superior quality products. This is reinforcing the pharmaceuticals and cosmetics industry and simultaneously, contributing towards the growth of the microcrystalline wax over the forecast period.

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Microcrystalline Wax Market Forecast

The global microcrystalline wax market is estimated to grow 1.3X during the forecast period in correlation with pharmaceutical, packaging and cosmetics production.

By region, North America, followed by Europe and China, is projected to dominate the global microcrystalline wax market over the forecast period. Moreover, China, followed by the SEA & Pacific region, is estimated to remain the most opportunistic region in the microcrystalline wax market. In terms of value, China is projected to create an incremental $ opportunity worth US$ 60.7 Mn in the global microcrystalline wax market during the forecast period.

By application type, the packaging segment dominates the market with a value of US$ 222.2 Mn in 2018. The pharmaceutical segment is projected to account for 13.7% of the market value share in the global microcrystalline wax market during the forecast period. In terms of growth, the cosmetics segment is projected to grow with a modest growth rate in the global microcrystalline wax market during the latter half of the forecast period.

By product form, the slabs segment is projected to dominate the global microcrystalline wax market with a year-over-year growth rate of 3.4% in 2018. Additionally, the pellets segment is projected to account for more than a 41.9% share in the global microcrystalline wax market.

By grade, the flexible grade segment is projected to dominate the global microcrystalline wax market over the forecast period. In terms of volume, the demand for flexible grade microcrystalline wax in adhesives is projected to reach 556.7 Mn by the end of 2026.

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Microcrystalline Wax Market: Competitive Landscape

Some of the key players involved in the manufacturing of microcrystalline wax included in this study are Sasol, MOL Group, The International Group, Inc., Calumet Specialty Products Partners, L.P., Indian Oil Corporation Ltd, Sonneborn LLC, Koster Keunen, Kerax Limited, Asian Oil Company, and CEPSA, Nippon Seiro Co., Ltd. and Holly Frontier Refining & Marketing LLC.

COVID 19 to Have Significant Effect on Worldwide Adoption of Crop Growth Regulators Market in 2020

The impact of COVID-19 pandemic can be felt across the chemical industry. The growing inability in the production and manufacturing processes, in the light of the self-quarantined workforce has caused a major disruption in the supply chain across the sector. Restrictions encouraged by this pandemic are obstructing the production of essentials such as life-saving drugs.

The nature of operation in chemical plants that cannot be easily stopped and started, makes the operational restrictions in these plants a serious concern for the industry leaders. Restricted and delayed shipments from China have created a price hike in the raw materials, affecting the core of the chemicals industry.

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The slacking demand from different impacted industries such as automotive is negatively influencing the growth of the chemical industry. In light of the current crisis, the market leaders are focused to become self-reliant which is expected to benefit the economic growth of different economies in the longer term. Companies are triggering events to restructure and recover from the losses incurred during the COVID-19 pandemic.

Crop Growth Regulators & Stimulators Market: Introduction

Crop growth regulators & stimulator are class of organic compounds produced naturally or by chemical synthetics. The main function of Crop Growth Regulators & Stimulators is to intensify plant physiological processes, their growth and development, and to stimulate or inhibit specific plant enzymes or enzyme systems in order to enhance crops growth & yields.  Generally, Crop Growth Regulators & Stimulators are used in small amount, but it plays a pivotal role. A wide range of the Crop Growth Regulators & Stimulators are available in market and are classified under five main group – depend upon their chemical composition i.e. Auxins, Gibberellins, Cytokinin,  Abscisic Acid and other type. Each class have diverse function areas, for instance, Auxins helps to stimulates cell elongation and division, differentiation of phloem and xylem, and delays leaf senescence, among others whereas Cytokinins helps to stimulate or retard crops growth. Not all Crop growth regulators & stimulator are intended to enhance the plants growth rate, some are designed to slow down or inhibit growth in case of transportation and transplantation of plants and crops.

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Crop Growth Regulators & Stimulators Market: Dynamics

Along with the growing population, demand for food products has increased significantly. Therefore, to encounter this demand, more emphasized has been given on increasing the crop yield where Crop Growth Regulators & Stimulators plays a vital role to increase the yield. This has led to growth in demand for Crop Growth Regulators & Stimulators. Further, Crop Growth Regulators & Stimulators are one of the safest plant nutrients available in the market and wide range of products & its multifunctional nature which in turn help to drive market. However, the low awareness about the products may hinder the growth of the Crop Growth Regulators & Stimulators market. Also, excess use of products may damage the crops growth owing to which may impede the growth of Crop Growth Regulators & Stimulators market

Crop Growth Regulators & Stimulators Market: Segmentation

On the basis of Chemical Compound, global Crop Growth Regulators & Stimulators Market is segmented into;

1. Auxins
2. Cytokinins
3. Gibberellins
4. Abscisic acid
5. Others

On the basis of Feedstock, global Crop Growth Regulators & Stimulators Market is segmented into;

1. Natural
2. Synthetic

On the basis of Application, global Crop Growth Regulators & Stimulators Market is segmented into;

1. Vegetable Plants
2. Cereals
3. Fruits
4. Flowers
5. Oilseeds
6. Others

Crop Growth Regulators & Stimulators Market: Regional Outlook

In Asia Pacific region, increasing production and demand for agrochemicals, consequently, will result in rising demand for Crop Growth Regulators & Stimulators market over the forecast period. India and China, together, account for around 62% of the world’s population. Owing to this high population, the demand for food & Beverage and other agricultural products is also continuously increasing, which in turn demand for agrochemicals which help developing the necessity to produce maximum crop yield from the available agriculture land. Thereby, the demand for Crop Growth Regulators & Stimulators is escalating to enhance the production of foods. Moreover, In Asia Pacific, India and China are the major consumer markets for Crop Growth Regulators & Stimulators. Asia Pacific Crop Growth Regulators & Stimulators market is expected to register healthy growth over the forecast period. Moreover, Canada and the U.S. are ranked seventh and third in terms of crop nutrients consumption in the world and have significant count of arable land i.e. around 114 and 280 Mn acres. Also, with this significant growth in the agriculture industry in the North America, demand for Crop Growth Regulators & Stimulators is expected to increase steadily in the region over the forecast period. Moreover, Latin America and Middle East and Africa (MEA) Crop Growth Regulators & Stimulators market are anticipated to register slow growth over the forecast period

Crop Growth Regulators & Stimulators Market: Key Players

Some of the key players identified across the value chain of Crop Growth Regulators & Stimulators Market are listed below

1. Eastman Chemical Company
2. Zhengzhou Delong Chemical Co., Ltd.
3. Toronto Research Chemicals Inc
4. BASF SE
5. DowDuPont Inc.
6. FMC Corporation
7. Syngenta AG
8. Eagle Plant Protect Private Limited, among others

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Area Sensors Market Forecast Hit by Coronavirus Outbreak, Downside Risks Continue to Escalate

The global area sensors market is expected to register a CAGR of 6.0% during 2018 – 2026 with SEA & Others of APAC, Western Europe, and North America accounting for significant market value shares by the end of the forecast period.

PMR delivers key insights on the global area sensors market in its report titled “Area Sensors Market: Global Industry Trend Analysis 2013 – 2017 and Forecast 2018 – 2026.” Growth in the market value of the global area sensors market will remain attractive as the market is expected to grow continuously at a CAGR of 6.0% in terms of value during the forecast period 2018 – 2026. On the basis of industry, area sensors in the food packaging industry are expected to register the most attractive growth during the forecast period. Based on their application, area sensors functioning as picking systems will gain the highest market share penetration during the forecast period.

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The annual revenue from the area sensors market globally was valued at US$ 4,123.8 Mn by the end of 2017, which is anticipated to grow at a steady pace over the forecast period. The dominating regions, i.e., North America, SEA & Others of APAC, and Western Europe, collectively account for a majority share in the global area sensors market. These regions are likely to dominate the global market during the forecast period.

The usage of area sensor technology was practiced by large industries over a decade ago. With improved technology and rising disposable income, area sensor technology has also been adopted by the small- and medium-sized enterprises. Area sensors are widely used by all tier companies to streamline operations, enhance industrial automation, and change the manufacturing landscape of the company. Thus, the usage of area sensors in industrial automation is gaining importance in various industries. The growth of the area sensors market across the globe is driven by their increasing demand in the food and beverage packaging applications sector. Increase in the number of food and beverages industries and increasing demand for canned and packaged foods are important factors driving the area sensors market. Area sensors are being increasingly used in the packaging sector to enhance industrial efficiency, convenience, and precautions.

As per PMR analysis, rise in the demand for the integration of Industrial Internet of Things (IIoT) in industries that involve sensor-based measurements for analysis and decision-support purposes is driving the area sensors market. Increase in the usage of area sensors for various applications in manufacturing, from system assembly lines to test & inspection, and the continuous innovation & increasing applications of smart sensors in multiple industries, such as rubber, plastics, and textile sectors, are some of the major factors driving the area sensors market.

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The area sensors market in North America is estimated to hold the highest market share during the forecast period due to the ever-growing food packaging industry in the region. The area sensors market has high potential in SEA & Other APAC owing to the major technological advancements in consumer electronics and automotive markets. Thus, the area sensors market in SEA & Other APAC region will be targeted the most by area sensors market participants. The need to enhance the productivity and efficiency of industrial processes is expected to attract the attention of area sensor service providers toward the SEA & Other APAC region.

According to PMR analysis, long-term contracts with business partners help increase revenue and new innovation strategies enable area sensor vendors to reach new growth markets. Some of the market participants in the global area sensors market include

Automotive Telematics Market to Witness Contraction, as Uncertainty Looms Following Global Coronavirus Outbreak

Global and APAC Automotive Telematics Market Dynamics    

Increasing government initiatives towards vehicle safety and security are projected to boost up the APAC automotive telematics market. For instance, the Government of China made the installation of satellite positioning and telematics systems in commercial vehicles compulsory in 2016, the Government of India has allotted US$ 2.4 Bn for improving security networks in selected cities. Furthermore, increasing mobile phone penetration in telecom is also promising factor expected to enrich the APAC automotive telematics market during the forecast period. For example, smartphone penetration in Australia was 70 – 80% in 2016, and by 2020, smartphone penetration in China, South Korea and Japan is expected to be more than 50%. Moreover, increasing transportation and logistics activities are also projected to foster the APAC automotive telematics market. The transportation and logistics market in Asia Pacific is pegged to grow annually by 7.6% and reach US$ 4.09 Tn by 2018 end, which is translating to an increase in the sales of fleet management systems.

On the flip side, lack of awareness regarding wireless technology and heterogeneous language and culture are projected to hinder the growth of the APAC automotive telematics market. In Asia, multiple languages are used, very unlike the United States where English is the default language. Automotive telematics service providers need to integrate product/content localization as well as customized user interface design to accommodate the diversity in language and culture in Asia.

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Global and APAC Automotive Telematics Market Forecast

From a regional perspective, Europe is projected to dominate the global automotive telematics market. In 2018, the estimated value for Europe is US$ 14,555 Mn, i.e. a 34.1% value share. By 2020, this value is projected to reach US$ 27,554 Mn, i.e. a 34.0% value share. North America is projected to be the second largest market for automotive telematics, owing to the increasing penetration of telecom services such as car connecting technology during the forecast period. The APAC region is projected to grow with a remarkable growth rate in the global automotive telematics market, owing to the increasing production of passenger vehicles and commercial vehicles over the stipulated time period.

By vehicle type, the passenger segment is projected to dominate the automotive telematics market, owing to the increasing demand, coupled with government initiatives, particularly for vehicle safety and security. The passenger vehicle segment is projected to be valued at US$ 10,608 Mn and account for an 87.0% value share in the APAC automotive telematics market by 2018 end. By 2026, this value is projected to reach US$ 22,118 Mn and account for an 85.3% value share.

By technology type, the embedded segment is projected to dominate the APAC automotive telematics market, owing to the increasing number of vehicle safety regulations in the region. The embedded segment is projected to be valued at US$ 9,392 Mn and account for a 77.0% value share in the APAC automotive telematics market by 2018 end. By 2026, it is projected to reach US$ 20,800 Mn, accounting for an 80.2% value share with a CAGR of 10.5% during the forecast period.

Among sales channel segments, the OEM segment is projected to dominate the APAC automotive telematics market, owing to the implication of government rules and norms for the installation of telematics devices in vehicles. The OEM segment is projected to be valued at US$ 9,309 Mn, accounting for a 76.3% value share of the APAC automotive telematics market by 2018 end. By 2026, this value is projected to reach US$ 20,573 Mn with a CAGR of 10.4%.

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Among end use segments, the safety and security segment is projected to dominate the APAC automotive telematics market during the forecast period. It is projected to be valued at US$ 3,511 Mn by 2018 end, accounting for a 28.8% value share of the APAC automotive telematics market. By 2026, this value is projected to reach US$ 7,569 Mn, accounting for a 29.2% value share with a CAGR of 10.1% during the forecast period.

China is projected to dominate the APAC automotive telematics market, owing to the increasing penetration of advanced technologies such as car connected technologies, automatic tire pressure measuring technologies and internet of technologies (IOT) for vehicles. In terms of value, China is projected to be valued at US$ 5,531 Mn, i.e. a 45.3% value share, in the APAC automotive telematics market by 2018 end.  By 2026, this value is projected to reach US$ 11,457 Mn, i.e. a 44.2% value share, with a CAGR of 9.5%.

In the ASEAN automotive telematics market, Thailand is projected to account for a 47.8% value share, valued at US$ 205 Mn in 2018. By 2026, this value is projected to reach US$ 753 Mn, i.e. a 45.4% value share, with a CAGR of 17.7%.

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Global and APAC Automotive Telematics Market: Competitive Landscape

Some of the key players involved in the manufacture of automotive telematics, which have been included in the study are Trimble Inc., Visteon Corporation, Airbiquity Inc., Aplicom Oy, Scorpion Automotive Ltd, iTriangle Infotech Pvt Ltd., Shenzhen Concox Information & Technology Co., Ltd., Minda Corporation Limited, idem telematics GmbH, Road Track, ACTIA Group, Lavinta Buana Sakti, Microlise Limited, BOX Telematics and Redtail Telematics Corporation.

BRIC Garnet Market to Face a Significant Slowdown in 2020, as COVID 19 Sets a Negative Tone for Investors

The chemical industry is focused to keep the business operations running along with ensuring the labor safety amid the COVID-19 pandemic. To recover the losses created by the decline in demand for various products, the companies are capitalizing on the escalating demand for products such as disinfectants and personal protective equipment. Many leading players in the chemical industry have expanded their business to enter into the production of safety products. Companies are resorting to advanced technologies in production to reduce the dependence on work-force.

They are increasingly adopting advanced digital capabilities to integrate supply chain and logistics to ensure the effective delivery of products. The industry heads are seeking the real-time situation of their supply chains to identify potential weaknesses, especially in terms of geography, and strengthen it. The financial disclosures are being extended beyond the usual financial statements to deal with the risks that have aroused amid the COVID-19 pandemic.

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Garnet is mined as both gemstones and as a material used across industries. High hardness and angular fractures of the garnet has made it viable for various industrial uses such as waterjet abrasive and filtration medium. Maximum use of garnet is found in waterjet cutting followed by abrasive blasting, water filtration, abrasive powders, and others. Waterjet cutters that are majorly used in mining and manufacturing are driving the demand for garnet. Increasing number of companies are replacing silica sand with garnet sand for sand blasting. Usually, garnet extracted from hard rock is gaining popularity in waterjet cutting as it is more angular in form, hence, provide efficiency in cutting.

The garnet powder is also being used on a large scale for ceramic/glass polish, for making anti-skid surface and anti-slip paints. Increasing demand for garnet is resulting in the new companies entering the global industrial garnet market. In order to meet the increasing demand, companies are also focusing on decreasing the prices by keeping supply and demand in balance. Government initiative towards the mining industry in countries such as Canada, India, and Australia, and a ban on the use of harmful minerals including slag and silica are likely to fuel the growth of the global market for industrial garnet.

As per the report by Persistence Market Research (PMR), the global industrial garnet market is likely to see a steady growth during 2017-2024. The global market for industrial garnet is also estimated to exceed US$ 700 Million in terms of value by the end of 2024.

Almandine to Gain Maximum Traction in the Global Industrial Garnet Market

In terms of the product type, almandine is likely to emerge as the most used and preferred product during 2017-2024. Almandine is projected to bring in close to US$ 400 Million revenue by the end of 2024.

Based on the application, industrial garnet is anticipated to find the largest application in abrasive blasting. Towards the end of 2024, abrasive blasting is projected to surpass US$ 300 Million in terms of value. Meanwhile, industrial garnet is also likely to be used on a large scale in water jet cutting.

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North America to Witness Highest Growth in the Global Market for Industrial Garnet

North America is expected to remain dominant in the global industrial garnet market during the forecast period 2017-2024. North America by the end of 2024 is projected to surpass US$ 200 Million revenue. The petroleum industry in the U.S. is one of the largest consumers of garnet. It is used by petroleum industry mainly for well casing and for cleaning drill pipes. Also, the pricing is very competitive within the U.S. garnet industry. Hence, the high level of customer service is offered by suppliers. Aircraft manufacturers, ceramic and glass producers, water filtration plants are some of the industries in the U.S. driving the demand for industrial garnet.

Company Profiles

•    GMA Garnet Group
•    Indian Ocean Garnet Sands Company Ltd.
•    Trimex Sands Private Limited
•    Barton International
•    Zircon Mineral Co.
•    Mohawk Garnet Inc.
•    Opta Minerals Inc.
•    V.V. Mineral Pvt. Ltd.
•    Beach Minerals Company
•    Rizhao Garnet Ltd.

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High Strength Rtd Malt Beverages Market to Witness Sales Slump in Near Term Due to COVID 19; Long term Outlook Remains Positive

Persistence Market Research (PMR) delivers key insights on the global high-strength RTD malt beverages market in its upcoming outlook titled, “High-Strength RTD Malt Beverages Market: Global Industry Analysis 2013-2017 and Forecast 2018-2026”. In terms of value, the global high-strength RTD malt beverages market is projected to register a healthy CAGR of 6.1% during the forecast period due to various factors, regarding which PMR offers vital insights in detail.

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Scope of the Report

The high-strength RTD malt beverages market is segmented on the basis of nature, flavor, packaging, distribution channel and region. On the basis of nature, the global high-strength RTD malt beverages market is segmented into, natural and conventional. The conventional segment is expected to account for highest revenue share in the global high-strength RTD malt beverages market in terms of both value and volume owing to increasing manufacturer’s effort to bring flavored high-strength RTD malt beverages derived from both natural and artificial flavors. However, the natural segment is expected to grow at a robust CAGR in the near future in the global high-strength RTD malt beverages market. On the basis of flavour, the global high-strength RTD malt beverages market is segmented into grapefruit, lime, orange, cherry, cola, strawberry, apple, peach, mixed flavor and others. Among all the flavors, apple followed by strawberry flavor is expected to dominate the global high-strength RTD malt beverages market in the near future owing to increasing number of consumers across various regions demanding such flavors.

On the basis of packaging, the global high-strength RTD malt beverages market is segmented on the basis of cans and bottles. The cans segment with innovative packaging labels is expected to dominate the global high-strength RTD malt beverages market in the near future. On the basis of distribution channel, the global high-strength RTD malt beverages market is segmented into hypermarket/supermarkets, convenience stores discount stores, independent drink stores and specialty retail stores. The speciality retail stores segment is expected to grow at a significant CAGR in the global high-strength RTD malt beverages market. On the basis of region the global high strength RTD malt beverages market is segmented into, North America, Latin America, Europe and Asia Pacific.

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APAC Region Critical for Key Players in the High-Strength RTD Malt Beverages Market

The high-strength RTD malt beverages market in Asia Pacific region is expected to register high growth rates between 2018 and 2026. APAC is expected to remain the largest market through 2026, followed by the Europe. China is expected to account for a significant growth within the Asia Pacific market. Other markets such as, Singapore, Korea and Australia will also have significant impact on the market growth owing to large consumer base demanding for high-strength RTD malt beverages. North America market is one of the mature markets in the global high-strength RTD malt beverages market. Manufacturers of such beverages across North America are targeting younger consumers through flavor innovations.

Apple Flavored High-Strength RTD Malt Beverages to Remain the Most Common in the High-Strength RTD Malt Beverages Market

The demand for high-strength RTD malt beverages has increased considerably over the last decade owing to increasing consumption of alcoholic drinks across the globe. Consumption of alcoholic drinks in social gatherings is rapidly growing which is one of the prime factor leading to increasing market growth of high-strength RTD malt beverages. Globally consumers are willing to try new flavors in the alcoholic beverages category thus, meeting their expectations for better taste. High-strength RTD malt beverages are parried with number of food categories thus, heightening the overall drinking experience by experimenting with various flavors. Flavors like apple, strawberry, lime are trending the retail shelves in the high-strength RTD malt beverages category. Higher dependency on social media and digital media thus allowing consumers to have access to more information has led consumers especially millennial to spend more time on internet and manufacturers of alcoholic beverages to have access to a platform where they can market their products in a more better way is expected to result in increasing market revenue potential in the global high strength RTD malt beverages.

Increasing per capita spending on alcoholic beverages in developing region supported by strong economic growth is expected to drive the global high-strength RTD malt beverages market over the forecast period. Traditionally alcoholic drinks were consumed largely by men, however, today the popularity of alcoholic drinks among women has also increased to a greater extent thus, contributing towards the growing market for high-strength RTD malt beverages in the near future.

Global High-Strength RTD Malt Beverages Market: Competition Dashboard

This report covers trends driving each segment and offers analysis and insights into the potential of the high-strength RTD malt beverages market in specific regions. Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the high-strength RTD malt beverages space. High-strength RTD malt beverages key players include:

• EVANS BREWING COMPANY, INC.
• Founders Brewing Company
• United Brands Company, Inc.
• Prestige Beverage Group
• Lightning Brewery
• Voodoo Brewery
• Simple Malt – Brewers
• Geloso Beverage Group LLC
• Stout Brewing Company, LLC
• Phusion Projects, LLC
• Coney Island Brewing Company
• Minhas Craft Brewery
• Bugsy Brewing Inc
• Others.

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Global High-Strength RTD Malt Beverages Market: Key Insights

The growth of the high-strength RTD malt beverages market is supported by increasing number of millennial demanding for flavored malt based drinks with high alcohol content across the globe. Changing lifestyle and perception of consumers towards alcoholic drinks that they relax ones state of time has resulted in immense market opportunity for the market growth of global high-strength RTD malt beverages.

Ultramarine Pigments Market Forecast Hit by Coronavirus Outbreak, Downside Risks Continue to Escalate

The impact of COVID-19 pandemic can be felt across the chemical industry. The growing inability in the production and manufacturing processes, in the light of the self-quarantined workforce has caused a major disruption in the supply chain across the sector. Restrictions encouraged by this pandemic are obstructing the production of essentials such as life-saving drugs.

The nature of operation in chemical plants that cannot be easily stopped and started, makes the operational restrictions in these plants a serious concern for the industry leaders. Restricted and delayed shipments from China have created a price hike in the raw materials, affecting the core of the chemicals industry.

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The slacking demand from different impacted industries such as automotive is negatively influencing the growth of the chemical industry. In light of the current crisis, the market leaders are focused to become self-reliant which is expected to benefit the economic growth of different economies in the longer term. Companies are triggering events to restructure and recover from the losses incurred during the COVID-19 pandemic.

Persistence Market Research delivers key insights on the global ultramarine pigments market in its latest report titled ‘Ultramarine Pigments Market: Global Industry Analysis 2013–2017 and Forecast, 2018–2026.’ The long-term outlook on the global ultramarine pigments market remains positive with the market value expected to increase at a CAGR of 4.0% during the forecast period (2018 – 2026). Among the segments by grade, the cosmetics grade segment is expected to expand at a healthy CAGR in terms of value over the forecast period. Global sales of ultramarine pigments was valued at US$ 182.5 Mn in 2017. China accounted for approximately one-third of the market value share in the global ultramarine pigments market in 2017 and the country is anticipated to remain dominant throughout the forecast period. In this report, Persistence Market Research throws light on drivers and restraints likely to impact the market during the forecast period.

The global ultramarine pigments market is greatly influenced by application areas such as rubber & plastics, paints & coatings, inks, paper, cosmetics & personal care, among others. The paints & coatings segment accounts for a high market share in terms of value and volume as compared to other counter parts. Moreover, growth in the paints & varnishes segment is expected to influence the ultramarine pigments market positively, marking a high – moderate growth rate in developed as well as developing countries. This is expected to create strong growth opportunities for the global ultramarine pigments market. Establishing long-term supply contracts with end-users in specific industry segments can provide stability as well as growth opportunities for manufacturers in terms of revenue generation.

However, the global ultramarine pigments market is expected to face some challenges. The high cost of raw materials and stronger enforcement of safety & environmental regulations regarding pigments may impact the demand for ultramarine pigments, thereby restricting the revenue growth of the global ultramarine pigments market.

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Segmentation Analysis

The ultramarine pigments market can be segmented on the basis of the following criteria,

• On the basis of grade, the industrial based segment is anticipated to remain dominant in the market in terms of volume as well as value over the forecast period
• The laundry grade segment by is estimated to grow at a weaker CAGR over the forecast period. The segment is expected to represent a total incremental opportunity of US$ 5.9 Mn between 2018 and 2026
• The cosmetics grade segment is expected to grow at a significant CAGR in terms of value as compared to its counterparts over the forecast period. The segment is expected to represent a total incremental opportunity of US$ 7.4 Mn between 2018 and 2026

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Regional Market Projections

On the basis of market value share, China is expected to expand at a healthy CAGR of 4.9% over the forecast period, followed by Europe and North America. The Europe market is expected to hold a market value share of 25.9% over the forecast period. North America is expected to represent an incremental $ opportunity of US$ 13.7 Mn over the forecast period. Latin America is expected to expand with a moderate CAGR in the ultramarine pigments market through 2026. In Europe, the Germany ultramarine pigments market is projected to hold a significant market share in terms of value in the ultramarine pigments market over the forecast period, exhibiting a CAGR of 2.9% over the forecast period. Consumption of ultramarine pigments in Europe is expected to increase to 16,625 MT by 2026 end.

Companies Profiles

• Ferro Corporation
• BASF SE
• DIC Corporation
• Venator Materials PLC
• Ultramarine & Pigments Ltd
• Lapis Lazuli Pigments Co., Ltd
• Habich GmbH
• R.S.Pigments
• Dominion Colour Corporation
• Ultramarines India ( P ) Ltd
• Hangzhou Han-Color Chemical Co. Ltd. (1/2)
• Yipin Pigments, Inc.

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Asia Pacific Aluminum Sulfate Market to Witness Contraction, as Uncertainty Looms Following Global Coronavirus Outbreak

The impact of COVID-19 pandemic can be felt across the chemical industry. The growing inability in the production and manufacturing processes, in the light of the self-quarantined workforce has caused a major disruption in the supply chain across the sector. Restrictions encouraged by this pandemic are obstructing the production of essentials such as life-saving drugs.

The nature of operation in chemical plants that cannot be easily stopped and started, makes the operational restrictions in these plants a serious concern for the industry leaders. Restricted and delayed shipments from China have created a price hike in the raw materials, affecting the core of the chemicals industry.

The slacking demand from different impacted industries such as automotive is negatively influencing the growth of the chemical industry. In light of the current crisis, the market leaders are focused to become self-reliant which is expected to benefit the economic growth of different economies in the longer term. Companies are triggering events to restructure and recover from the losses incurred during the COVID-19 pandemic.

Persistence Market Research’s newly published market report titled “Aluminum Sulfate Market: Global Industry Analysis and Forecast 2018-2026,” examines the aluminum sulfate market and offers crucial market insights for the next eight years. According to the report, the water treatment segment of the aluminum sulfate market, by application, is expected to dominate the market, accounting for around 40.4% share of the overall market value by 2026 end while registering a CAGR of 3.1% during the forecast period (2018 – 2026). The estimated value of the global aluminum sulfate market in 2018 is expected to be US$ 1,741 Mn and the market is projected to reach US$ 2,214 Mn by the end of 2026.

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Global Aluminum Sulfate Market Dynamics

The global aluminum sulfate market is estimated to be driven by growing demand from the rapidly growing wastewater plants & paper and pulp industry. Also, progress pertaining to increase in demand for food additives among customers is expected to result in demand rise in the aluminum sulfate market. Major players involved in the aluminum sulfate market are channelizing efforts to inculcate advanced process developments and strengthen their production infrastructure to make the available products more pure. This will encourage sales volume growth of aluminum sulfate across regions. Moreover, emphasis on mergers and acquisitions in end-use industries is also expected to gain momentum during the forecast period, thereby further pushing the growth of the global aluminum sulfate.

Aluminum sulfate finds a wide range of applications due to its physiochemical properties. It has commercial as well as industrial applications. In terms of commercial applications, aluminum sulfate is applied in poultry farms to lower the pH of litter and thus, decrease ammonia volatilization. The annual global demand for chickens is around 90 Million Tons. Thus, the poultry market is witnessing huge demand, which is expected to rise further in the coming years. This, in turn, will push the growth of the global aluminum sulfate market in future.

According to a UN-Water report, of the total water available on the Earth’s surface, only 0.5% is fresh water, which can be used for consumption and 60% of this available freshwater is unevenly distributed, with a major share concentrated among ten countries of the world.  Thus, many regions suffer from water scarcity and water stress. The ever-rising demand for fresh water will drive the growth of the water treatment chemicals market, which in turn, is estimated to create opportunities for the global aluminum sulfate market during the forecast period.

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Global Aluminum Sulfate Market Forecast

On the basis of application, the water treatment segment is expected to witness highest growth, in terms of volume, during the forecast period. As per the forecast, the water treatment segment is scheduled to account for more than 41.5% share in the overall market value by the end of the forecast period. This is largely due to the massive applications of aluminum sulfate in various industries.

On the basis of region, China is anticipated to dominate the global aluminum sulfate market throughout the forecast period. The region’s market is expected to expand at a CAGR of around 3.3% during the forecast period. SEA region is anticipated to display relatively higher market CAGR during the forecast period in the global aluminum sulfate market. These two regions coupled with Europe are expected to register attractive growth rates in the global aluminum sulfate market during the forecast period.

Company Profiles

• Chemtrade Logistics Inc.
• GAC Chemical Corporation
• Nippon Light Metal Co., Ltd
• C&S Chemicals, Inc.
• USALCO LLC
• Feralco AB
• Drury Industries Ltd
• Kemira Oyj
• Nankai Chemical Co., Ltd.
• Affinity Chemical LLC
• GEO Specialty Chemicals, Inc.

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Ambulance Stretchers Market to Face a Significant Slowdown in 2020, as COVID 19 Sets a Negative Tone for Investors

According to the latest market report published by Persistence Market Research, titled ‘Global Ambulance Stretchers  Market: Global Industry Analysis 2013 – 2017 and Forecast 2018 – 2026’, the Global Ambulance Stretchers  market is expected to expand at a CAGR of 2.2% over the forecast period 2018–2026.

PMR estimates that the global market for ambulance stretchers is expected to be valued at US$ 223.1 Mn in 2018 and is expected to expand at CAGR of 2.1% over 2018–2026, to reach US$ 264.8 Mn by 2026 end. Based on product type, emergency stretchers segment dominated the global ambulance stretchers market, with over 59.0% value share in 2017.

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Company Profiles

• Stryker Corporation
• Ferno-Washington, Inc.
• Omega Surgical Industries
• Zhangjiagang New Fellow Med Co., Ltd.
• Dragon Industry(ZJG) Co., Ltd
• Narang Medical Limited
• Jiangsu Rixin Medical Equipment Co., Ltd.
• Jiangsu Saikang Medical Equipment Co. Ltd.

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The segment is expected to grow at 2.0% CAGR over the forecast period. North America is expected to maintain its dominance in the global market due to large number of private ambulance services that offer ambulance rides at low rates.

Increasing ageing population is the major factor driving the growth of the global market. Over the past few years, the market for ambulance stretchers has seen tremendous growth in the APAC region due to launch of new ambulance/emergency services and their growing fleet size.

Rise in use of air ambulances in the developed regions such as the U.S. and U.K. is another factor driving the growth of the market. However, high cost of ambulance rides and lack of skilled professionals are the factors limiting the growth of the global market.

The global ambulance stretchers market has been segmented on the basis of product type, technology, end users and regions. Globally, emergency stretchers segment is expected to be the most attractive product type segment. Among the three technologies, the manual stretchers segment is estimated to contribute 36.0% share in the global market. Among all end users of ambulance stretchers, EMS Providers is expected to be the most lucrative end-use segment, as the number of private EMS providers is growing globally.

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In terms of value, the global ambulance stretchers market is expected to expand at 2.2% CAGR over the forecast period. With nearly 32.9% market share, North America dominated global Ambulance Stretchers market in 2017, partly due to growing number of private and air ambulances in the region. Europe is expected to be the second large market globally, with U.K., Turkey, Russia and Germany being countries with high growth rates. APEC is expected to the third large market for ambulance stretchers, primarily due to improving healthcare and medical tourism in the region.

Key Research Findings

Ageing population has led to increased age-related medical conditions, which increases the demand for ambulance services.

A number of private ambulance service providers offer air ambulance services in Latin America. The trend of adoption of air ambulances in the region is expected to continue over the forecast period.

Ambulance service in Japan is free unlike many other countries, which increases the demand for ambulance services in the region.

Old-age homes and specialty clinics are becoming popular and are offering services including ambulance services.

Development of low-cost advanced products is expected to drive the growth of the market for electric and pneumatic stretchers in China.

Stretchers offered at low cost by the private players in North America is driving the growth of the ambulance stretchers market in the region.

Float Glass Market to Witness Sales Slump in Near Term Due to COVID 19; Long term Outlook Remains Positive

The Global Float Glass Market report scrutinizes the market behavior and the manner in which the market has been performing and responding to various situations. Alongwith the usual market taxonomy, the report encloses growth rate comparison, current and future lookout, and year-on-year progress. All of the market insights are presented in terms of volume (x units) and value (Mn/Bn USD).

A broad visional evaluation from every critical perspective of the market. In addition, the market study provides crucial information associated with the taxonomy, including revenue generation, individual share, and influencing trends.

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Prominent players operating in the Float Glass Market players consist of the following:

• Saint-Gobain S.A.
• Central Glass Co. Ltd.
• AGC Inc.
• Nippon Sheet Glass Co., Ltd
• Carlex Glass America, LLC
• GUARDIAN INDUSTRIES
• Taiwan Glass Group, Ltd

The Float Glass Market research depicts the competitive analysis based on R&D projects, important investments, business tactics and growth trail. All the players – big and small – are examined in this study on the basis of predefined parameters.

 

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The Float Glass Market report highlights the following segments on the basis of Glass Type:

• Clear Glass
• Tinted Glass
• Textured Glass
• Wired Glass
• Extra Clear Glass

The Float Glass Market report encompasses the following segments on the basis of Application:

• Automotive
• Building & Construction
• Electronics & Appliances
• Solar Panels/Solariums
• Mirrors

 On the basis of region, the Float Glass Market study outlines the key regions:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East and Africa

Key findings of the Float Glass Market report:

• Accurate prediction of the market development trends over the forecast period 2019-2029.
• Critical study of each Float Glass Market vendor, such as market share, regional footprint, and product innovations.
• Basic overview of the Float Glass Market, including definition, applications and manufacturing processes.
• Thorough analysis of supply-demand ratio in each end use industry.
• Production capacity of the Float Glass Market during the historic year as well as forecast year.

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Readers can get the answers of the following questions while going through the Float Glass Market report:

• What are the technological developments in the global Float Glass Market over the past few years?
• How is the competition of the global Float Glass Market structured?
• What are the macro- and microeconomic factors impacting the Float Glass Market?
• Which regions are showcasing the fastest growth in the Float Glass Market?
• What value is the Float Glass Market estimated to register in 2019?

Reasons to choose Persistence Market Research:

• Customized business reports as per the requirement of the clients.
• Experts available round-the-clock to provide market solutions.
• Provision of regional and country reports.
• Error proof analysis of current industrial trends.
• Data collected from trustworthy sources.

Travel Vaccine Market to Experience Greater Government Interference Post-COVID-19; Revenue to Increase in Long Term, Says