Global enzymes market revenue is expected to witness a high surge, driven by its escalating demand across dairy, food processing, personal care, paper, starch, and brewing sectors. Rapidly expanding food additives sector is expected to elevate the industry demand over the coming years. According to Global Market Insights, Inc., “Enzymes market size is expected to grow at a rate of 8% over the coming period of 2016 to 2024.” Ongoing biological, molecular, and forensic research coupled with the extensive applications of enzymes in molecular biology will substantially proliferate the enzymes market trends over the years to come.
U.S. Enzymes market size, by product, 2013-2024 (USD Million)
Enzymes are also extensively used across biofuels, detergents, animal feed, and food & beverages sectors. Favorable outlook to replace fossil fuels with more energy-efficient & eco-friendly fuels will boost enzymes industry growth across biofuels sector. Food & beverages sector, which accounted over 35% of overall revenue in 2015, is predicted to grow significantly over the coming timeframe. High demand for nutritive food along with the rising protein intake will drive the enzymes industry size over the coming years. In addition to this, widespread application of enzymes across food & beverages sector to enhance food quality will drive the industry growth. Animal feed applications are projected to witness significant gains of 7% over the coming timeframe, driven by high prevalence of porcine epidemic diarrhea virus and bovine spongiform encephalopathy. Enzymes market share in detergents sector is expected to grow significantly over the coming years. High consumer spending on detergents is expected to drive the revenue.
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Polymerases & Nucleases, Proteases, Carbohydrases, and Lipases are the major products of enzymes industry. Proteases market is anticipated to record a growth of 7% over the coming timeframe, driven by its major application in detergents, food, and pharmaceutical sectors. They also find extensive applications in the animal feed additives industry. Carbohydrases market, which dominated the product landscape in 2015, is expected to propel enzymes market growth, High product application across food & beverages and pharmaceuticals sectors are anticipated to be the key growth drivers.
Below are the regional highlights of Enzymes Market over 2016-2024
- Rise in population base along with high beef demand across countries such as Australia, China, and South Korea is expected to boost APAC enzymes industry revenue expansion over the coming years. Furthermore, the large presence of pharmaceuticals and detergents sectors across countries such as Indonesia and Malaysia offers a huge industry growth potential.
- North America enzymes market size is expected to grow at a rate of 8% over the coming timeframe, driven by high product application in food & beverages along with the enhanced popularity of processed foods. The U.S. is expected to drive the regional share.
- Europe animal feed industry is expected to contribute significantly towards enzymes market revenue over the coming seven years. Growing need for cattle feed as well as its hybrid variants are expected to drive the regional growth. Germany, Russia, and France are anticipated to be the major regional revenue drivers.
Market players will try to retain their position through product development, constant innovation, and R&D investments. Key industry participants include Lonza Group, Novozymes, Koninklijke DSM N.V., F. Hoffmann-La Roche AG, Danisco A/S, Adisseo, Chr. Hansen, BASF SE, and Enmex, S.A.de C.V company.
Author Name : Dhananjay Punekar
Aerospace Plastics Market Outlook: Commercial & freighter aircrafts to exhibit maximum deployment over 2015-2022
Aerospace plastics market will grow lucratively over the coming five years, owing to the shifting preference towards the low weight aircrafts to enhance the performance and fuel efficiency of the jet. According to Global Market Insights, Inc., “Worldwide Aerospace Plastics Market is projected to collect a revenue of more than USD 15.50 billion by 2022.” Surging development across the aviation industry along with high investment in the defense activities across the globe will also stimulate the aerospace plastics industry value.
Asia Pacific aerospace plastics market share, by application, 2014
The primary application areas of the aerospace plastics industry are flight deck & cockpit, cabin areas, airframe & fuselage, and wings & rotor blades. Flight deck & cockpit application covered 15% of the global demand in 2014 and will exhibit noticeable growth rate over the coming years. All the products are manufactured with the FST regulation, which will influence the aerospace plastics market share considerably. The cabin application across Europe is expected to exceed a revenue of USD 1.5 billion by 2022, due to its escalating need to manufacture the products such as armrests, decorative closeouts, food trays, and trim strips.
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Airframe & fuselage application surpassed a revenue of USD 2.2 billion in 2014 and is predicted to generate significant revenue over the period of 2015 to 2022, owing to its low weight in response to CFRPs and composites used as key material. In addition, composites are used instead of aluminum to reduce the usage of fasteners & nuts, thereby reducing the total operational cost.
Rotary aircraft, military aircraft, general aviation, and commercial & freighter aircraft are the few of the prominent end-users of the aerospace plastics market size. The general aviation accounted for more than 10% of the global industry share in 2014 (in terms of volume) and will register a substantial growth rate over the coming years. Commercial & freighter aircraft was the dominant end-use segments in the aerospace plastics market in 2014 and will collect a revenue of over USD 10 billion by 2022. The growth can be attributed to the increasing demand for aerospace plastics, owing to the growing preference for low weight aircraft to reduce overall operational and maintenance cost.
Geographically, Asia Pacific aerospace plastics market accounted for more than 13% of the regional demand in 2014 and will exhibit a high growth rate over the coming years. The growth can be primarily attributed to the surging demand for military and commercial aircraft. India and China will contribute significantly towards the regional growth.
Europe aerospace plastics industry dominated the regional landscape in 2014 and is predicted to record a considerable growth rate over the coming timeframe. France, Germany, and UK are likely to lead the regional demand.
North America aerospace plastics market share is expected to exceed a revenue of USD 5 billion by 2022, owing to the huge investment in the military R&D activities. Additionally, growing preferences to replace old aircraft, considering the fuel efficiency will further stimulate the industry growth. U.S. will be the major regional revenue pocket.
Top four industry giants accounted for over 67% of the global market share in 2014. The key players in the aerospace plastics market are Mitsubishi Heavy Industries, Ltd., Ensinger GmbH, Hexcel, Cytec Industries, Hyosung Corp, HITCO Carbon Composites Inc., Holding Company Composite, and Kaman Corp, Toho Tenax, Tech-Tool Plastics Corporation, Zoltek, and Premium AEROTEC.
Author Name : Sunil Hebbalkar
Antibacterial Glass Market Outlook: Healthcare applications to stimulate the industry growth over 2016-2023
High occurrence of nosocomial infections leading to escalating demand for antibacterial coatings will drive global antibacterial glass market expansion. Ability to inhibit the spreading of microbes and kill surface bacteria makes the product more desirable over other alternatives. According to the Global Market Insights, Inc., “Antibacterial glass market revenue is projected to hit USD 270 million by 2023.” Popular use of antimicrobial items in consumer electronics will positively impact global antibacterial glass industry trends. Furthermore, antibacterial glass finds its application across healthcare and medical sectors, owing to its ability to prevent the spread of infections. As per WHO estimates, more than 10% of patients in emerging economies and nearly 7% in developed countries acquire infections during their hospital stays.
North America Antibacterial Glass Market size, by application, 2012-2023 (USD Million)
Antibacterial glass finds extensive application across hospitals, household, food & beverages, and defense sectors. Antibacterial glass market value in hospitals sector was estimated at over USD 60 million in 2015, and is anticipated to grow noticeably over the coming timeframe. Increased acceptance of the products across isolation rooms, oncology & hematology units, and burn units will fuel the revenue.
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Household applications will witness a prominent growth over the coming years, driven by high product demand for mirrors, wall coverings, and vision glazing. Food & Beverages applications sector, worth USD 20 million in 2015, is expected to grow at a rate of 7% over the period of 2016-2023. High demand for enhancing the shelf life of food along with the intense requirement for retaining food quality in the restaurants, hotels, and canteens will favorably influence the antibacterial glass industry growth.
Below are the regional highlights positively affecting antibacterial glass market from 2016-2023
- Heavy healthcare spending along with rising elderly population more prone to hospital acquired infections is expected to boost LATAM antibacterial glass industry size over the next few years.
- Europe antibacterial glass market revenue, which was USD 95 million in 2015, is forecast to witness a substantial surge over the coming timeframe. Stringent legislations to annihilate microbial infection in food & beverages sector is predicted to influence the regional growth. In addition to this, the presence of major firms in this region will further drive the demand.
- Elevated demand for antimicrobial coatings in the healthcare sector along with beneficial government policies encouraging best food practices is forecast to augment Asia Pacific antibacterial glass industry development over the coming six years.
- North America antibacterial glass industry will witness a considerable growth over the coming six years. Growing inclination for reducing hospital acquired infections along with high focus on improving healthcare infrastructure will propel the regional revenue. In addition to this,
technological innovations along with beneficial regulations will favorably impact the business in the region. U.S. is forecast to contribute significantly towards the regional share.
Market participants will try to increase their revenue as well as geographical presence by enforcing business strategies such as product innovation, strategic collaborations, and joint ventures. Key industry players include Saint-Gobain S.A., JiYan-Tech Co. Ltd, Corning Inc., Nippon Sheet Glass Co. Ltd, Glas Trösch Holding AG, AGC Glass Europe, Archello, Vetraria Bergamasca Tecnovetroamong, Ishizuka Glass Co. Ltd, BÜFA Glas, and Sprinz.
Author Name : Dhananjay Punekar
String inverter market outlook: Rising demand for uninterrupted power supply to augment the industry growth over 2016-2024
The surging requirement for continuous electricity supply will stimulate string inverter market value over the coming timeframe. Favorable features such as light weight, compact size, ability to increase power density, and ease of installation will notably influence the demand for string inverter. As per the report by Global Market Insights, Inc., “Global String inverter market is predicted to grow at an annual growth rate of 15% over the period of 2016 to 2024.” Government rules and regulation regarding usage of renewable energy resources, owing to the depleting fossil fuel storages will also drive the worldwide string inverter industry share over the next few years.
Single and three phase are the two key types of the string inverter. Three-phase string inverter market share, which was worth over USD 1 billion in 2015, is anticipated to exhibit significant growth over the coming years. The growth can be attributed to its increasing demand across the commercial and utility sectors.
Europe String Inverter Market size, by power rating, 2015 & 2024 (MW)
The commercial, residential, and utility are the prominent application areas of the string inverter market. The commercial application covered more than 70% of the overall market share in 2015 and is projected to exhibit noticeable growth rate, driven by the growing urbanization along with huge investment in infrastructure development. The utility and residential applications also make substantial contributions towards the string inverter industry share.
Based on the power rating, string inverter industry is primarily segmented into over 80KW, 41KW-80KW, 11KW-40KW, and 10KW. The string inverter of capacity 11KW to 40KW collected a revenue of over USD 700 million in 2015 and is anticipated to record a considerable growth rate, due to its surging demand from commercial complexes and small scale industries.
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On-grid and standalone are the two main products of the string inverter market size. Standalone product occupied more than 35% of global revenue share in 2015 and is expected to grow significantly over the coming period, mainly driven by the escalating installation of decentralized systems in the rural areas. On-grid string inverter market revenue will exceed USD 5 billion by 2024 with an annual growth rate of more than 20% over the coming seven years. The growth can be attributed to the strict norms regarding industrial emissions along with high demand for renewable energy.
Based on the geographical outlook, China accounted for more than 40% of the worldwide string inverter industry share in 2015 and will exhibit lucrative growth over the coming years, driven by the large-scale installation of photovoltaic voltage projects. Furthermore, growing demand for clean electricity along with supportive government initiatives will stimulate India string inverter market size.
Chile is expected to install a solar power plant of capacity more than 800MW by 2024. This, in turn, will generate heavy revenue over the coming timeframe. Additionally, the country has set a goal of producing 70% of electricity through renewable energy resources by 2050, which will noticeably influence the industry growth.
UK string inverter market will surpass a revenue of USD 500 million by 2024, driven by the rising implementation of the rooftop solar system in residential as well as commercial sectors. U.S. is projected to boost North America string inverter industry size, owing to its supportive government policies along with high demand for renewable energy technologies.
The market players will invest heavily in R&D activities to enhance product features, which will help them in retaining their industry positions. The key players in the string inverter market are Advanced Energy Industries, Huawei Technologies, KOSTAL Solar Electric, Growatt New Energy Technology Co., Ltd., SolarMax, SMA Solar Technology, ABB, Samil Power, KACO New Energy, Schneider Electric, Ginlong Technologies, Delta Energy System, Sungrow Power Supply, and Fronius International GmbH.
Author Name : Sunil Hebbalkar
Global X-Ray Photoelectron Spectroscopy market trends: Healthcare sector to display heavy growth potential
Mounting need for analyzing surface chemistry of materials will drive X-Ray Photoelectron Spectroscopy (XPS) market size over the coming years. Escalating demand for XPS across pharmaceuticals, medical research, mining, chemical, and food sectors is expected to boost the industry trends. According to Global Market Insights, Inc., “Worldwide X-ray photoelectron spectroscopy market worth 475 million in 2015, is predicted to record a CAGR of 6% over the period of 2016 to 2023.” Growing requirement for detecting defects such as dewetting, craters, etc., along with the need to identify the problems during automotive coatings will further propel the industry growth. Furthermore, favorable compensation policies, the presence of laboratories equipped with new technologies, and rising health awareness are other pivotal growth drivers of the industry.
U.S. X-ray Photoelectron Spectroscopy Market Size, By Application, 2012-2023 (USD Million)
X-ray photoelectron spectroscopy has noteworthy usages such as empirical formula determination, element detection, density estimation and contamination detection. X-ray photoelectron spectroscopy market in the contamination detection will exhibit fastest growth rate of more than 6% over the coming years of 2016 to 2023. The growth can be attributed to its surging demand across pharmaceutical, semiconductor, biotechnology, and electronics industries. Density estimation, element detection, and empirical formula determination will also contribute substantially towards the industry growth.
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Among the various notable applications such as bioengineering, automotive, electronics, semiconductor, aerospace, and healthcare of the X-ray photoelectron spectroscopy industry, healthcare application exhibited the eye-catching revenue and accounted for 40% of the global share in 2015. The escalating technological advancements and growing healthcare spending will further drive X-ray photoelectron spectroscopy industry size in the bioengineering sector.
X-ray photoelectron spectroscopy market size in the automotive sector will register an annual growth rate of 6.7% over the coming six years, primarily driven by its increasing use for finding defects and detecting contaminants.
Geographically, Asia Pacific X-ray photoelectron spectroscopy market share is anticipated to grow noticeably over the coming timeframe, owing to the developing infrastructure sector as well as expanding healthcare industry. China and India will be major revenue drivers for the APAC. India X-ray photoelectron spectroscopy industry will exhibit a growth rate of more than 8% over the coming years.
Supportive government rules & regulations as well as availability of fully developed laboratories will fuel the UK X-ray photoelectron spectroscopy industry size over the period of 2016 to 2023.
U.S. X-ray photoelectron spectroscopy industry share is projected to surpass revenue of USD 250 million by 2023. The surging installation of the instruments, which are incorporated with new innovative and enhanced technology are expected to fuel the regional demand growth. In addition, favorable government norms along with the implementation of FDA approved health policies regarding drug safety and quality will influence the X-ray photoelectron spectroscopy market noticeably.
Market giants are adopting various growth strategies like collaborations, mergers & acquisitions to maintain their business position across the globe. Intertek, Kett, Evans Analytical Group LLC, VG Scienta, Kratos Analytical Ltd, Yokogawa, Mitsubishi Electric, and Thermo Fisher Scientific are some of the noteworthy players in the X-ray photoelectron spectroscopy market.
Author Name : Sunil Hebbalkar
Cell line development market is gaining massive business space in the industry due to the growing demand for biosimilars, novel drugs, and vaccines in the biotechnology industry. “Cell culture can be defined as the process by which cells are grown under controlled conditions, generally outside of their natural environment.” The development in research activities due to rising prevalence of cancer and auto immune disorders will create more need for cell lines, in turn fueling the global cell line development industry. According to Global Market Insights, Inc., “Cell Line Development Market size is anticipated to grow at a CAGR of 13% over the period of 2016-2023.” In addition to this, favorable government initiatives to improve healthcare set-up and the development of advanced technologies will subsequently surge the cell line development industry trends over the coming years.
UK Cell Line Development Market size, by Product, 2012-2023 (USD Million)
This industry is analyzed based on products, source, cell line, geography, and applications. The cell line development market by product is segmented into three main types namely, reagents & media, equipment, and accessories & consumables. Reagents and media market share pegged at USD 1.5 billion in 2015 will continue to be the major product in the coming six years. Reagents & media are used in procedures including drug discovery, toxicity testing, regenerative medicines, and tissue engineering. Increasing usage of reagents & media in these measures will strengthen the product demand. Accessories and consumables market is likely to observe the highest annual growth rate of 16.3% from 2016-2023. The increasing usage rate of disposables in monoclonal antibodies and vaccines will in turn boost the cell line development industry. Equipment product segment is estimated to surpass USD 3 billion by 2023. This product segment accounted for 41.4% market share in 2015, and is expected to lose ground to the accessories and consumables market over the coming years.
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Mammalian and non-mammalian are the two types of sources in the cell line development industry. Within this, the non-mammalian is further classified into insects and amphibians. Mammalian cell line development dominated the market share in 2015 and is expected to exhibit similar trends, driven by the improved engineering and expression systems. Furthermore, the non-mammalian source market accounted for 25% of the industry share in 2015.
Based on cell line; recombinant, primary cell line, hybridomas, and continuous cell line are the four types in the cell line development industry. Among the four, recombinant cell line development market attained the highest industry share in 2015. Over the coming years, this market is probable to lose industry share to the hybridomas and primary cell line segments. Hybridoma cells accounted for the second highest market share in 2015. These cells are grown at larger density in culture flasks and roller bottles. Growing hybridoma cells culture, which can produce high density cultures over 15 to 25 times will in turn fuel the global cell line development industry growth.
Considering the global trends, North America led the global cell line development industry, owing to enhanced healthcare infrastructure, rinsing awareness regarding cell therapy, and increasing demand for biologics in the U.S. The U.S. cell line development market is projected to account for 85% market share over the period of 2016-2023.
Asia Pacific cell line development market is witnessing a significant growth due to existence of developing healthcare infrastructure, favorable government policies, rapid economic development. Significant investments by the global companies, mainly in India and China, will flourish the regional growth.
Latin America cell line development market is foreseen to register a CAGR of 13.3% over the period of 2016-2023. Brazil is another emerging market witnessing healthy growth in the cell line development industry.
Tissue engineering, research, drug discovery, bioproduction, and toxicity testing are the key application segments in the cell line development industry. Bioproduction application occupied the highest market value of USD 1306 million, shadowed by toxicity testing application market worth USD 598.3 million in 2015. The bioproduction is the leading application which is estimated to surpass USD 3 billion by 2023. The presence of advanced processes, introduction of biosimilars, and increase in R&D activities are the attributing factors in augmenting the overall segment growth.
The industry will witness intense competition and strategic initiatives to sustain the market position. The market is dominated by a limited number of players with better financial muscle thus providing threat to the new entrants in the industry. Notable companies operating in cell line development industry are Selexis American Type Culture Collection (ATCC), Thermo Fisher Scientific, GE Healthcare, Lonza Group, WuXi AppTec, European Collection of Cell Cultures (ECACC), Sigma-Aldrich Corporation, Sartorious, and Corning.
Author Name : Ojaswita Kutepatil
Europe Industrial Air Filtration Market Outlook: Germany to dominate the regional landscape over 2015-2022
High preference for energy efficient air filtration technologies along with strict emission norms will push Europe industrial air filtration market trends. Furthermore, the growing popularity of eco-friendly air filters, due to its ability to minimize the health risks for the industrial workers, is projected to open new vistas for the industry over the coming years. According to Global Market Insights, Inc., “Europe Industrial Air Filtration Market is forecast to record a CAGR of 7.9% over the period of 2015 to 2022.” High demand across commercial as well as residential sectors will offer lucrative avenues for Europe industrial air filtration industry. In addition to this, rapid industrialization has resulted in the expansion of many new ventures, thereby benefitting the industry.
UK Industrial Air Filtration Market size, by application, 2012-2022 (USD Million)
Industrial air filters find their applications across cement, pharmaceuticals, food & beverages, power, and metals sectors. Food & beverages sector is anticipated to contribute remarkably towards the Europe industrial air filtration industry share over the coming five years. High apprehensions over cross contamination, food handling legislations, and sanitary rules are anticipated to be the major driving factors. Europe industrial air filtration market size in metal applications is projected to account for nearly 22% of the overall revenue over the coming timeframe. Escalating need for healthy working conditions in the firms and the high necessity to maintain the humidity equilibrium will foster the growth.
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Based on the product trends, Europe industrial air filtration market is segmented into HEPA filters, mist collectors, cartridge collectors & filters, dust collectors, and baghouse filters. HEPA filters, which dominated the product landscape in 2015, are projected to hit USD 450 million by 2022. The ability of these filters to dispose hazardous materials, pollens, and dust particles as well as toxins from the atmosphere is predicted to promote the growth. The dust collectors market is forecast to grow at a rate of 7.5% over the coming timeframe, driven by beneficial traits such as low operating costs, minimum maintenance needs, and ability to ensure employee health & safety. Baghouse filters are predicted to contribute substantially towards Europe industrial air filtration market share over the coming five years, owing to cost efficiency, flexibility, versatility, and its capacity to capture minute particulate matter.
Below are the regional highlights of Europe industrial air filtration market over 2016-2024
- Germany, which accounted for a major portion of Europe industrial air filtration industry share, is projected to show an extensive growth over the coming years. Rapidly expanding food & beverages sector and the presence of a large number of metal processing units will nurture the growth.
- European countries such as Turkey, Italy, and France are expected to contribute noticeably towards the industry size, through implementation of strict legislations for maintaining safe working conditions and promoting worker safety. In addition to this, growing awareness about the benefits derived from the use of pollution-reducing technologies will further drive the growth.
Market players are focusing on product innovation and increasing their R&D investments to grow their ROI. Key industry participants include Philips Electronics N.V., Camfil, Keller USA Incorporation, Good Life Incorporation, Ameripure Technologies, Electrocorp, Sentry Air Systems Incorporation, IQAir North America Incorporation, and HealthWay Home Products Incorporation.
Author Name : Dhananjay Punekar