Rise in the demand for electronic equipment will drive conductive polymers market share with the need for suitable coating and safe packaging materials that can address electrostatic damages. An electronic device emits electromagnetic frequencies that disturb the frequencies of other devices which can affect their performance and cause damages, resulting in lowering of their lifespan.
U.S. Conductive Polymers Industry Size, By Application, 2014 – 2025 (USD Billion)
Electroactive polymers are used as anti-static packaging material in order to protect devices against such disturbances. Continuously rising sales of consumer electronics and small electronic components will boost the demand for anti-static packaging.
Increasing consumption of conductive polymers can be attributed to cost effective and easily processable nature that will help thrust their application scope. These types of polymers have attracted significant interest for their environmental stabilities, electrical properties and several practical applications.
New innovations will lift the utilization of polymers considerably, for instance, a team at the University of California that is looking to use polymer films to reduce the defects in light observing perovskite cells, promising a lucrative avenue to foster conductive polymers industry share from the solar cells segment.
Growing prevalence of various health conditions that require surgical treatment have paved the way for conductive polymers to be used in the medical device sector. The materials have major applications in the field of neuroprosthetic devices, cardiovascular devices and bioactuators. They have garnered a lot of attention as appropriate matrices of biomolecules that can be used to enhance speed, sensitivity and stability of several biomedical devices. Their ability to induce several cellular mechanisms as well as lower costs will certainly help expand global conductive polymers market size in the coming years.
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Metal electrode materials that are used in implantable devices have been known for bad recording performance and long-term stimulation, requiring modifications and coating with conductive polymers that will improve the tissue-electrode interface and increase the lifespan of the implants. This will increase the demand for those implants and in turn augment conductive polymers industry trends over the forecast lifespan.
Unprecedented consumption of electronic devices around the world will contribute to conductive polymers industry expansion significantly over the projected period. Computer screens and TVs use conductive polymers that help produce flexible and flat plastic screens for through polyphenylene vinylene which emits light when put between charged electrodes, enabling flat-panel display designs to be created. Demand for high quality screens will notably bolster the development of suitable polymers to meet a growing consumer base.
The Purdue University has developed a glass-like polymer that conducts electricity for flexible and transparent electronics. The polymer film can apparently be produced on a large scale, both sustainably and inexpensively. Purdue University is also involved in the development of new polymer film that creates tailor-made sensors which would help monitor heart rates, glucose levels or other biomedical metrics.
Major investments for the research and development of conductive polymers and exploring their applications have considerably advanced the field of polymers. This has resulted in the innovation of modified versions of these polymers. For instance, over the duration of last few years, researchers delved into other fields while looking into creating new conductive polymers through machine learning. Researchers have apparently discovered a new type of polymer that provides high thermal conductivity and can easily benefit 5G mobile communication technologies.
The rapid development of automotive industry is expected to grow further owing to the increase in the production of automobiles around the world that are equipped with technologies like self-driving systems and artificial intelligence. These will gradually drive the demand for actuators and sensors that use conductive polymer-type materials.
Rising demand for advanced automobiles in the developing nations will augment the consumption of sensors, reinforcing conductive polymers market outlook. Additionally, there are increasing opportunities from solar applications wherein the product is used to deposit materials to enhance the conduction of electricity.
North America is slated to account for a significant chuck of conducting polymer market share by the year 2025. Consistent R&D efforts, innovations, miniaturization of electronic parts and equipment manufacturing will help fuel demand in this region. The booming electronics and semiconductor manufacturing sector will present a large customer base for conductive polymer suppliers like Lubrizol Corporation, RTP Company, 3M Company.
Author Name : Riya Yadav
Increasing prevalence of chronic diseases and a surge in the number of surgical procedures worldwide will fuel capnography devices market size over the forthcoming years. According to World Health Organization (WHO), cases of chronic disorders like diabetes, cancer, asthma, heart and other diseases is projected to grow by 57% by the year 2020. Capnography equipment are widely adopted for major surgeries to improve patient safety and reduce adverse respiratory event, avoiding deterioration to a more critical or fatal condition. Consistent need to improve the quality of surgical procedures will considerably foster capnography devices industry trends over the forecast timeframe.
U.S. capnography devices market, 2018 & 2025 (USD Million and Units)
Capnography has been recognized as a standard of monitoring patient safety in ICUs, as well as for the surgical patients during anesthesia. A substantial rise in acute respiratory and chronic obstructive pulmonary diseases among elderly population will further propel capnography devices industry size. With development of advanced technologies and better scientific understanding of the value of capnography, healthcare providers are able to easily identify potential breathing complications and respond accordingly with a change in clinical management.
Capnography has been shown to be a useful tool in monitoring patients who are suffering from breathing disorders, as it provides an early warning of respiratory depression and prevents people from serious adverse events. Reports suggest that in 2018, the deployment of capnography devices in critical care patients was registered at USD 93.3 million globally. Growing number of people suffering from chronic conditions and increased admission of patients in hospitals will undoubtedly increase the need for patient monitoring, stimulating capnography devices market share.
Earlier in the year, Medtronic had informed about the results of PRODIGY, a multi-center study for identifying people having higher risk of opioid-induced respiratory depression. The tool is expected to help direct early intervention through continued capnography-based monitoring, such as using the Capnostream device of Medtronic. The system could enable hospitals detect potential risks among patients early, demonstrating the importance of close monitoring through novel devices. Such initiatives will certainly outline capnography devices market outlook over the coming years.
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Cardiovascular disease is one of the leading causes of mortality in the United States, followed by chronic respiratory diseases and cancer. According to the American Heart Association, approximately half of the adults in U.S. have cardiovascular diseases. With gradual rise in the volume of patients suffering from cardio-respiratory diseases, there would be a wider utilization of monitoring devices in treatments and during surgeries, proliferating North America capnography industry share.
A notable development in the field of capnography devices was Masimo’s FDA approved Root patient monitoring platform with Capnography. It had been observed that despite the advancement in medical tech, the lack of device integration and communication generates risks for patient safety in hospitals globally. To address these types of challenges, each Root can be used as a connectivity gateway to connect numerous standalone devices like hospital beds, ventilators, and other patient monitors. Reports confirm that in the year 2018, stand-alone capnography devices market size was recorded at USD 117.5 million.
With considerable efforts put in by high-end hospitals and surgical centers towards adopting and innovating safer and reliable patient care products, capnography device industry will exhibit notable growth rate in the next few years. WHO had informed that in 2016, there were nearly 251 million cases of chronic obstructive pulmonary disease all over the world, where most instances were a result of long-term asthma, exposure to tobacco and may other causes. Capnography clearly has a vast application space in the healthcare sector to tackle the prevalence of chronic disorders.
Prominent players including Masimo Corporation, Smiths Medical, CareFusion, Medtronic, and among others have strongly built their R&D capabilities and enhanced manufacturing processes, showcasing strong dominance over the industry. As per a recent research report compiled by Global Market Insights, Inc., capnography devices market size is projected to exceed USD 700 million by 2025.
Author Name : Deeksha Pant
Growing adoption of mobile banking services driven by rapid digitization trends has fueled digital lending platform market size over the past few years. Consumer inclination towards using digital lenders for automotive loans is growing steadily owing to minimal documentation required, transparent and quick loan processing, as well as lower interest rates compared to conventional lending. Increasing implementation of software solutions among financial institutions to reduce operating costs and deliver services via digital channels is anticipated to bolster product demand worldwide.
South Korea Digital Lending Platform Market Revenue, By Business Model, 2018 & 2025 (USD Million)
A digital lending platform will essentially reduce operational, business as well as regulatory risks in digital lending organizations with a responsive and configurable approach. Use of digital platforms will cater to the mounting demand among financial organizations for enhanced customer experience while interacting with lenders and borrowers, providing speed and transparency. These platforms also improve loan collection and repayment methods for institutions with efficient real-time loan approval, processing and disbursal, which will augment digital lending platform industry share over the forecast period.
Studies have estimated that 53% of adults worldwide will be using smartphones, PCs, tablets or smartwatches to avail financial services by 2021. Cloud-based digital lending platforms are already being used by banks and NBFCs to reach customers across the globe, informing them about the status of their loan payments as well as basic account information.
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A large number of banks are leveraging the opportunity to offer digital lending services for expanding their customer base, impacting product demand. Moreover, expansion of IoT coupled with the cloud computing revolution in digital banking will help meet customer expectations by redefining loan processes, strengthening digital lending platform market outlook.
Technology has been the driving force in business transformation over the years, but the speed at which advanced technologies are being launched has reached an unprecedented level. Increasing digitalization worldwide along with growing adoption of digital platforms for conducting business is anticipated to stimulate digital lending platform industry prospects.
Digital transformation is not solely based on development of new technology, but also an organization’s ability to accept transformation at the intersection of business and people. Reportedly, 55% of startups had already switched to digital business strategies in 2018 as opposed to 38% of conventional organizations. This suggests that startups will be accountable for increasing revenue via digital platforms, expanding the scope of digital lending platform market.
Built Technologies, which focuses on taking construction lending into the digital age, had raised close to $21 million in a Series A round in 2017. The company was aimed at using digital transformation to enable lenders to use data for making more informed decisions on their loans while simultaneously providing borrowers a conveniently digital user experience with quicker access to money and propelling projects forward. Rising adoption of digital technology for lending among financial companies for loan repayments is expected to complement digital lending platform industry trends over the forecast timeframe.
Increased utilization of internet services coupled with changing end-user requirements are encouraging financial organizations to shift to digital business models for managing consumer needs on their choice of channel. Advent of advanced technologies such as biometric-based authentication, e-signatures, e-mandates, ML, AI, advanced analytics and blockchain for mitigating fraud and NPAs risk is estimated to bolster digital lending platform market expansion.
Declining costs of internet connectivity and fast-paced advancement in smartphone technology will support the rising digitalization across financial institutions, proving to be crucial factors in pushing the market growth.
Leading market players are relying on strategic alliances through mergers and acquisitions to enhance product offerings and expand their regional presence. Key players comprising digital lending platform space are Built Technologies, Finastra, Finantix, Nucleus Software, Arena Limited and Newgen Software Technologies Limited, among several others. Global digital lending platform market size is projected to surpass USD 17 billion in annual revenues by 2025.
Author Name : Hrishikesh Kadam
The rapid transformation in consumer buying habits and surge in disposable income will drive personal care appliances market size in the forecast years. In recent times, rise in online shopping and social media trends have changed the way consumers discover and buy personal care products. Rise in the usage of the Internet and massive growth rate of smartphones have led to an increase in the number of distribution channels for manufacturers, which in turn, is augmenting personal care appliances industry outlook.
India personal care appliances market, by product, 2018 & 2025 (USD Million)
The major beauty brands nowadays are massively investing in high-tech overhauls – right from product development to innovative marketing and merchandising for providing great customer experience. Leading manufacturers are leveraging the expertise of technologies such as augmented reality and the cloud which has led to the evolution of technology-backed cosmetics brands.
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In recent years, personal care and pharmaceutical companies have also majorly focused on bringing forth pivotal tech-based innovations in male personal care products such as electronic trimmers, shavers, and many other electric male grooming products. In essence, manufacturers are targeting the male populace as a pivotal consumer base which has been helping personal care appliances market forge new growth avenues.
Customers are lately shifting their preferences toward personalized beauty products on a more frequent basis which will further stimulate personal care appliances industry size over the ensuing years. Players in personal care appliances market are making concerted efforts towards developing, upgrading, and refining their product portfolio in order to launch innovative styling products that are battery-powered and can be used in the portable or plugged in modes.
Recently in July 2019, Dyson, a British technology company that engages in the development of vacuum cleaners has now moved towards beauty products. The company has launched Dyson Supersonic Hair Dryer and Dyson Airwrap Styler and seeking to develop more innovative brands to capture modern day shoppers.
The global personal care appliances market thus, in the years to come, will be characterized by strategic collaborations, mergers and acquisitions that would improve the profitability of the companies and expand their customer base.
The advent of social media has had a major impact on personal care appliances market trends. Leading personal care appliance manufacturers are increasingly shifting to promoting their products on social media platforms like Facebook and Instagram, given their expansive consumer reach. Quite often, influencers are found collaborating with leading appliance makers in order to expand the product popularity across a wider consumer base.
In terms of geographical landscape, in 2018, Asia Pacific personal care electrical appliances market had registered around USD 7 billion and is registering substantial growth owing to the increasing popularity of efficient grooming and hair care products. Emerging economies like India, China are becoming the major revenue grounds for international cosmetic companies due to implementation of powerful technologies like AI and chatbots that not only transform the process of consumer engagement but also aid in analyzing the consumers’ skin type and their preferences. These innovative developments will considerably contribute to augmenting personal care appliances market trends and are expected to favor regional growth.
The latest trend emerging in the personal care appliances industry is of imminent players keenly engaging in novel developments, customized products, and creating more options in beauty and grooming products. The technical advancements in hair care and hair removal products are providing long-term results to consumers, thereby, augmenting the demand for these appliances.
Some of the key players in personal care appliances industry include Panasonic Corporation, Procter & Gamble Company, Dyson, Koninklijke Philips N.V., Conair Corporation, Havells India Limited, and Spectrum Brands. Reports from Global Market Insights, Inc., state that personal care appliances market size would surpass USD 30 billion by 2025.
Author Name : Deeksha Pant
Escalating demand for optimized energy use fueled by rapid industrialization is set to expand low voltage drives market size, in conjunction with the upsurge in electricity prices and introduction of energy efficiency standards. Technological adoption across small and medium businesses coupled with rising number of retrofitting initiatives across industrial, residential and commercial establishments will boost product demand. Implementation of stringent government regulations pertaining to environmental sustainability will further stimulate the consumption of low voltage frequency drives over the projected timeframe.
U.S. Low Voltage Drives Market Size, By Application, 2018 & 2025 (USD Million)
Low voltage drives industry share is estimated to exhibit considerable growth owing to rising deployment of renewable power generation technologies into the grid, along with tightening regulations to ensure energy efficiency. Favorable government norms regarding the development of intra-regional and cross border transmission networks will complement the industry outlook. Moreover, modernization and refurbishing of the existing industrial equipment across developed countries will generate substantial demand for reliable low voltage infrastructure.
Asia Pacific (APAC) processed food segment has witnessed significant growth in recent years on account of rapid urbanization, rising household income levels, changing lifestyle, growing population and the expansion of multinational companies in the region. Increasing population and a subsequent rise in processed food demand globally will boost APAC low voltage drives market growth over the forecast period, as these products find wide applications in the processed food manufacturing sector. Growing dependence of people from all age groups towards processed food will push product consumption across the region.
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Over the last century, the shipping industry has witnessed considerable surge in total trade volume due to rapid industrialization. Consistent advances in technology have also transformed shipping into an extremely quick and efficient method of transportation. According to a report by the United Nations Conference on Trade and Development (UNCTAD), share of emerging economies in seaborne trade imports & exports has climbed rapidly over the past decade, touching almost 63% in 2017. Rise in seaborne trade activities across the world will generate added revenues for low voltage drives industry.
U.S. and China are two of the world’s largest electric power consumers, accounting for almost 70% of demand growth in 2018 globally. China experienced a surge in power demand by 8.5%, whereas the U.S. saw a jump of nearly 4% due to a colder-than-average winter and a hotter summer. Power demand in India increased, attributed to a majority of its rural areas being powered in the past 2 years. Low voltage drives are extensively used in the power & utility segment and the unpredictable climatic conditions, along with global rise in power demand, is anticipated to bolster low voltage drives market outlook.
Electric vehicle (EV) sales have showcased considerable growth over the years. China currently leads the EV market share, with Europe and the U.S. not too far behind. For a fact, EV sales in China constituted 50% of total sales in 2018. Latest innovations have resulted in the introduction of cost-effective long-lasting batteries. International Energy Agency (IEA) reported that close to 750.000 electric cars were sold globally in 2018 with more than 2 million electric vehicles currently on the roads. Wide use of low voltage drives in the automotive sector will enhance the product scope.
Low voltage drives are extensively used as fixed speed controllers, valves and substitute for dampers on account of high reliability, enhanced energy efficiency and low maintenance costs. The U.S. low voltage drives industry is expected to expand considerably owing to shifting consumer focus toward the adoption of variable frequency systems for centrifugal and reciprocating equipment. Moreover, hiking energy prices driven by concerns over environmental impact and power availability has diverted consumer focus toward energy efficient solutions.
Ongoing various R&D initiatives aimed at developing more impactful equipment, combined with increased spending on infrastructure across developing economies is projected to reinforce low voltage drives industry trends. ABB, CG Power, Danfoss, Honeywell, Emerson, Fuji Electric, Johnson Controls, Schneider and Siemens are some key suppliers competing to introduce novel products. Global low voltage drives market size is expected to exceed annual valuations of USD 15 billion by 2025.
Author Name : Hrishikesh Kadam
Permethrin market outlook is anticipated to depict a robust transformation due to rising incidence of scabies and growing awareness among people regarding treatment of the same. Scabies is one of the pervasive dermatological conditions known for effecting substantial proportion of population with skin disease in developing countries.
U.S. Liquid Form Permethrin Market, By Application, 2018 & 2025, (Tons)
Globally, scabies is estimated to affect more than 200 million people at any time, a factor that will help to augment the revenue share of permethrin. Approximately, 300 million new cases of scabies occur each year in men, women and children of all ages and races. In 2015, it was assessed that the direct impact of scabies infestation on the skin alone led to 0.21% of disability-adjusted life-years (DALYs) from all conditions globally.
In India, during a case study follow up, 81% of inmates of an orphanage in rural area of Maharashtra, were found to be suffering from scabies. All the inmates were successfully treated with mass scabies treatment and health education. An epidemiological study conducted in rural community has reported the prevalence rate of scabies as 13%. The occurrence of scabies in India is common due to lack of awareness of the condition but due to the pharmaceutical usage of the product, permethrin market is expected to witness significant growth in the region.
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Permethrin industry may observe commendable gains due to its pharmaceutical applications on account of its utilization as pediculicide, scabicide, and antiparasitic agent. Permethrin can be applied externally as cream, ointment, powder, and lotion which is likely to boost product demand. Powder form segment of permethrin industry may witness strong gains of 3.5% over 2019-2025.
Trend of wearing fabrics treated with insecticides is growing among armed forces including U.S. and British will promote permethrin market share. Actions to prevent arthropod exposure and mite bites are vital to protect the soldiers from diseases such as West Nile encephalitis (mosquito), mite infection, dengue (mosquito), malaria (mosquito), Lyme disease (tick), and others. For instance, dengue fever affects about 40% of population in the world. Malaria is one of the most common mosquito-borne diseases in the world. Personal protection approaches, like wearing insecticide-treated clothes, can be opted to reduce arthropod and mite bites and can be the first line of defense against vector-borne diseases for armies and population.
Several companies are also toiling to expand their share in permethrin market by launching new products. For instance, in 2018, Neogen added Fly-Die Ultra™ to its line of effective Prozap equine fly protection products with a long-lasting, sweat-proof formula. Fly-Die Ultra guards horses from horn flies, stable flies, house flies, deer flies, horse flies, ticks, face flies, gnats, mosquitoes, and lice including those which transmits the West Nile virus. Such products innovated by the industry players will considerably contribute to support permethrin market trends.
China has played a major role in permethrin industry growth as it has the world’s largest textile sector. The rising exports and domestic demand for high quality apparels in China has efficiently added stimulus to permethrin market share. Permethrin is majorly used to eradicate insects such as silverfish, moths, and carpet beetle that causes textile degradation. In 2015, there were 4,632 enterprises reported in textile sector with assets of CNY 440.805 billion. The 2016-2020 development plan of the textile industry in China emphasizes that a large number of new technologies should be widely applied in energy conservation and consumption reduction. China permethrin market size may exceed $15 million by the end of 2025.
Permethrin is also majorly utilized in agriculture sector as an insecticide to protect wheat crops from insects including brown wheat mite, aphids, army worms, termites, and legume pod borer. In the year 2018, France’s wheat production was noted to reach 36.9 million metric tons. Wheat production in France remains the largest within European Union with 27 percent of total production and wheat yields in France are among the highest in the region. Such a huge yield and production is expected to favor permethrin industry growth. France permethrin market size is forecast to surpass $8.5 million by 2025.
According to the prevalent research, pesticide use has seen a massive increase in the UK over the last 40 years. The pesticide active ingredients applied to three British crops, staples wheat, potatoes and onions, have increased between 6 and 18 times. Far from a 50% cut, increase in active ingredients applied to these crops range from 480% to 1,700% over the last 40-odd years.
With growing usage of insecticides, permethrin will be much in demand to protect crops, especially wheat, from insects and increase production. Global Market Insights, Inc. has compiled a research report which forecasts that permethrin market is likely to surpass a valuation of $200 million by 2025.
Author Name : Anchal Solanki
Global silver nanowires market is anticipated to witness escalating demand from the healthcare sector for molecular diagnostics on account of its anti-microbial characteristics. These properties can be attributed to its robust optical transmittance and conductivity, which will boost product utilization in medical applications, like imaging, over the forecast timeframe. Growing end-user preference towards silver nanowire-based transparent conductive electrodes (TECs) for next generation semiconductor devices, owing to low manufacturing cost and excellent flexibility, will considerably transform the industry trends.
US Silver Nanowire Market Share, By Optical Application, 2018 & 2025, (Kilo Tons)
Increasing deployment of silver nanowires in carbon-based solar cells as well as modern LEDs due to agility and a sturdy mechanical hold will propel product consumption across the globe. These products can be effectively used as a substitute for indium tin oxide used in transparent conductive layers on account of strong electrical conductivity, high aspect ratio and wide surface. However, lack of suitable infrastructure for product manufacturing combined with high investment costs may slightly impede silver nanowires industry growth. However, strong demand for efficient devices in the future will ensure consistent usage of the material.
Indium is routinely integrated into modern consumer electronics and green technologies. The metal, when exposed to tin and oxygen forms indium tin oxide (ITO), which is used for conductive purposes like LCD displays. ITO is a transparent conductive electrode, which makes it suitable for touch screen technologies. Moreover, the product is widely deployed in the solar cell industry. Hiking ITO prices caused by increasing scarcity of Indium will result in surging demand for silver nanowire-based conductive electrode, thereby stimulating product adoption. Depletion of Indium metal sources worldwide is likely to foster silver nanowires market size over the projected timeframe.
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Deployment of solar energy technology across the world has accelerated and over the last decade, the U.S. solar sector has exhibited an average annual growth of about 50%. Moreover, installation cost for solar-based equipment has dropped by over 70% in same period. Growing awareness among the global population and various government initiatives towards the adoption of natural and renewable sources of energy has spiked the demand for solar cells. Silver nanowire is used in designing solar equipment owing to transparent and conductive characteristics, which will generate added revenues for silver nanowires industry.
Light-emitting diodes (LEDs) have become one of the most rapidly advancing lighting technologies on account of superior energy-efficiency. In fact, quality LED bulbs are more durable, last much longer, provide better luminance quality compared to others. In 2018, global residential LED shares accounted for a record 40% of all house lighting sales. Deployment of LEDs in the commercial as well as outdoor applications is also rising, especially for linear LEDs. Extensive use of silver nanowires in fabricating LED devices is set to positively drive silver nanowires market outlook.
Fueled by recent advances in technology and R&D, several silver nanowire-based products have already been unveiled for research and through prototype ideas. One of the most innovative applications is in the wearable electronics segment on account of excellent optical, mechanical an electrical characteristics. Wearable electronics worldwide are facing surging demand and estimates suggest that wrist wearables alone will register 100 million sold units by the end of 2019, while all other wearable electronics will touch 7.3 million units. Growing popularity of wearable electronics will rapidly increase demand for the material, in turn propelling silver nanowires industry share.
Owing to extensive applications in optic and electronics sector in relation to anti-microbial nature, efficiency and low toxicity, silver nanowires industry is poised to accrue remarkable gains. Increased utilization in chemical, photovoltaic and biotech sensors on account of exceptional optical, thermal and electric characteristics will bolster the product penetration. Global Market Insights, Inc. estimates that silver nanowires market size will exceed the USD 1.5 billion mark by 2025.
Author Name : Hrishikesh Kadam