Global strontium market to derive exceptional proceeds from medical & dental applications over 2018-2025, APAC to emerge as a crucial revenue pocket
Owing to a widespread application portfolio along with the increase in pyrotechnic activities, the global strontium market has been observing a remarkable growth over the last few years. Numerous research studies have revealed that strontium plays a crucial role in keeping bones healthy. It slows the rate of bone loss, assists in calcium absorption, prevents bone pain, helps in restoring alkaline state, enhances resistance to fracture, regulates bone breakdown, and boosts bone formation. Natural strontium has proved to be helpful in relieving the bone pain in patients with metastatic bone cancer, as per reliable sources.
U.S. Strontium Market Size, By Application, 2014 – 2025 (USD Million)
It has also been found that supplementation with strontium deposits the mineral in the bone lesions, essentially suggesting a possibility of utilizing the element to mineralize areas in which cancer-associated bone loss has occurred. Owing to all the superior properties and benefits mentioned above, strontium is being widely used in medical and dental applications in the recent times. In fact, as per the research report by Global Market Insights, Inc., the medical and dental application segment is slated to account for nearly a tenth of the overall revenue share of the global strontium industry by the end of 2025.
Speaking along similar lines, several biotech and pharmaceutical majors have focused on developing products fortified with strontium chloride to mitigate cancer bone pain in patients suffering from painful skeletal metastases. The biotechnology acceleration development firm Q BioMed Inc., for instance, recently filed a supplemental regulatory application with the U.S. FDA to receive the approval to construct its new production unit, which would develop non-opioid injectable named Strontium Chloride Sr89 Injection USP.
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For the record, FDA has already approved the drug which reduces bone pain in patients suffering from bone metastases. The survival rates of patients with prostate and breast cancers, which are at high risk of developing bone metastases, would witness an uptick owing to the development of superior drugs and injectables such as Strontium Chloride Sr89 Injection USP. This would, in turn, fortify the medical and dental applications segment of the strontium industry in the upcoming years.
Increasing usage of strontium in pyrotechnic across the APAC nations set to boost the valuation of global strontium industry
The increasing usage of firecrackers on festive occasions in Asian nations such as China and India have resulted in strong demand for pyrotechnic operations in this region. In this regard, it would be prudent to mention that the colors of most modern fireworks involve metal chlorides – one of the most prominent being strontium chloride. These pyrotechnic operations are majorly deployed in several entertainment activities along the likes of sports events, concerts, and various ceremonies, essentially boosting the Asia Pacific strontium industry share which is estimated to register an annual growth rate of 6.5 percent over the projected time frame.
While the growth in pyrotechnic activities is on the rise, the usage of synthetic strontium is likely to decrease as stringent government regulations are being implemented to curb pollution across several nations. Moreover, steps are being taken by prominent research organizations to develop eco-friendly firecrackers (devoid of strontium nitrate) to reduce air and noise pollution.
In this context, it would be imperative to take note of the less polluting firecrackers recently developed by CSIR, the premier national R&D organization of India. Needless to mention, the development of green crackers, e-crackers and less polluting firecrackers would diminish the demand for strontium for pyrotechnic activities, essentially limiting the growth prospects of strontium industry in the times to come.
Companies such as Chemalloy Co, NOAH Technologies Corporation, Shenzhou Jiaxin Chemical Co., Prochem Inc., Joyieng Chemical Limited, Canteras Industriales, Química del Estroncio, BassTech International, Solvay, and Sakai Chemical Industry Co., constitute the competitive landscape of strontium market. Driven by strong growth in medical and dental applications segment along with the increasing usage of strontium in pyrotechnic activities, the strontium industry is set to garner substantial proceeds in the years ahead.
Author Name : Saif Ali Bepari
Dipentene market to garner commendable profits from the personal care and F&B industries, APAC to emerge as a lucrative investment ground
With the increased popularity of the attractive fragrance of citrus fruits, especially oranges in personal care products, dipentene market has registered considerable expansion lately. Dipentene or limonene is the colorless liquid hydrocarbon that adds the distinct citric flavor and fragrance in many processed foods, beverages and cosmetic formulations of hygiene and personal care products. Owing to the versatile characteristics of limonene, dipentene market is expected to cater to a widespread range of applications – indeed, the product even finds deployment as an alternative to mainstream pesticides.
U.S. Dipentene Market Size, By End-user, 2013 – 2024 (USD Million)
Limonene market has also been expanding rapidly on the grounds of the fact that the product is an alternate solvent to replace petroleum-based ones in several industrial applications such as paints and coatings where VOC emission and low biodegradability of solvents has become a major cause of concern for the wellbeing of the planet.
Global cosmetics and personal care industry statistics clearly point out that the said industry has been earning record revenue as beauty and self-care to preserve a youthful appearance is becoming one of the chief concerns for consumers all over the world. International beauty product companies that offer superior quality products as compared to local products have gained a commendable portion of the cosmetics and personal care industry in emerging nations as income levels of such nations continue to rise. Since limonene is expansively used in beauty products to add a freshening citrus odor, dipentene market is expected to garner major profits in Asia Pacific where the cosmetic market size is projected to surpass USD 126 billion by 2020 and where multinational companies are rapidly establishing a significant foothold. In fact, Asia Pacific has been forecast to be the fastest growing region in the limonene market over 2018-2024.
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It will be prudent to mention here that dipentene, due to its colorless constitution and fresh, natural fragrance is used in various health care and cosmetic products like suntan products, bath products, cleansers, aftershave lotions, bubble baths, eye shadows, haircare products, lipsticks, perfumes, moisturizers and shampoos.
Rising levels of income is playing a subtler role in the growth of the limonene market as with more disposable income, consumers are opting for more effective ingredients in their products rather than cheaper ones. Manufacturers are therefore touting their products for greater efficiency rather than competitively pricing them which is adding to the enhanced inflow of revenue into the dipentene market. Diversification of distribution channels for cosmetic brands such as online shopping, vending machines, television infomercials, spas and home shopping are adding impetus to cosmetics market and consequently boosting growth of limonene industry.
Dipentene market will diversify its growth avenues beyond the cosmetic industry as research has found that chemicals obtained from orange peel could be utilized as a means of breaking the modern world’s reliance on crude oil by being the building blocks in products ranging from plastics to paracetamol. Due to various adverse environmental effects, global industries had been trying to cut down on their dependence on the chemicals and materials that are obtained from fossil fuels, which are rapidly diminishing. As the world is increasing its focus on the development of renewable chemicals from an assortment of sustainable resources such as sugarcane and fatty acids in the production of biofuels, essential oils obtained from waste citrus peels have rapidly come to the forefront as a source that is being investigated with real zest as limonene shares many similarities with the chemicals obtained from fossil fuels.
Though limonene has been recognized as an important component of a bio-based chemical industry it will take the limonene industry considerable time to become a fully commercial means of plastics or polymer production. Issues hindering limonene market include the lack of reliable and greener supply of limonene. As research and development programs exert appreciable focus in bringing petroleum alternatives to the market, it is expected that dipentene industry will massively profit from such endeavors.
Author Name : Paroma Bhattacharya
Graphene Market to demonstrate an upward growth graph via surging demand from the automotive sector over 2017-2024
Of late, Graphene Market has been gaining remarkable traction, owing to the extensive use of graphene for power storage and composites. The scientific community has been researching on the viability of graphene for aerospace applications in a strategic collaboration with the European Space Agency (ESA), with an aim to test the potential of graphene in zero gravity conditions. The success of this research is slated to create new avenues for the players in graphene industry. As per statistics, graphene market held a revenue of USD 20 million in 2016.
U.S. Graphene Market size, by End-user, 2013 – 2024 (USD Million)
Analyzing the ongoing and future trends of graphene market, Graphenea has decided to expand their graphene oxide (GO) pilot plant with a production capacity of 1 ton per annum. They are also working on the customization of GO to integrate it into different polymer ranges. This strategy will help the company move forward toward the production of graphene based composite materials, strengthening its position in graphene market. On these grounds, it would be noteworthy to mention that graphene market from graphene oxide is slated to cover 40% of the overall share by 2024, and will grow at a CAGR of more than 35% over 2017-2024. Major participants in graphene industry are Graphenea, Grafoid Inc., Applied Graphene Material, Graphene Frontiers, LLC, XG Sciences, Inc., Advanced Graphene Products, Angstron Materials, Inc., AMO Gmbh, ACS Materials LLC, Xiamen Knano Graphene Tech. Corporation Ltd., Applied Nanotech, Inc., Thomas Swan & Company Ltd., Nanjing XFNANO Materials Tech Co., Ltd., Haydale Limited, and Graphene Laboratories, Inc.
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Graphene market outlook across the healthcare sector
Apart from being utilized in composite materials, graphene finds application in healthcare sector. Graphene oxide is extensively used in various dental care products, owing to its capability to resist antimicrobial agents. Growing awareness among people about their dental health will influence graphene market share noticeably. As per a market study, graphene market from healthcare sector will exceed a revenue collection of USD 20 million by 2024, owing to the requirement of the product for tissue engineering, drug delivery systems, and cancer treatment.
Diabetes monitoring and therapy involves the utilization of wearable and handy graphene based electrochemical devices. These devices are apparently painless, non-invasive, and offer stress-free monitoring, which helps diabetic patients to avoid expensive, lengthy, and painful diabetic therapies. Increasing prevalence of diabetic patients across the globe is slated to fuel the product demand, due to cost effectiveness. In addition to this, for next generation cancer therapies, researchers are planning to undertake extensive studies on graphene based medicines to detect the effectiveness of the therapy on cancer cells.
Graphene market trends across the automotive sector
Automakers have been giving preference to graphene material for manufacturing luxurious cars, owing to the fact that the usage of graphene decreases the overall vehicle weight. Graphene itself is lightweight as compared to the other materials, and its utilization will improve the fuel efficiency and speed of the car enormously. Recently at the Auto show held at Geneva, Pininfarina has unveiled electric car operated with graphene based battery. On that note, automotive sector covered 20% of graphene industry share in 2016 and will register a CAGR of more than 34% over the coming seven years.
Pertaining to quicker charging time and longer driving ranges, graphene battery is expected to witness huge demand for the automotive application in the future. The rapid growth of Graphene Battery Market stands as a testimony to the development of graphene industry, which, according to Global Market Insights, Inc., will record an annual growth rate of 35% over 2017-2024.
Author Name : Sunil Hebbalkar
Asia Pacific superconducting materials market to witness massive gains over 2017-2024, Medical & healthcare applications to drive the regional growth
The digitization trend conquering the world has indeed created a lucrative roadmap for global Superconducting Materials Market. The growing demand from end-use industries for technologically advanced equipment to enhance the operational efficiency will significantly fuel the superconducting materials market share. The broad application scope of superconducting materials has initiated a plethora of research activities in the industry, driven by which the superconducting materials industry size from research and development sector is anticipated to register a CAGR of 17% over 2017-2024. Swelling demand for these materials in the transportation, telecommunication, medical, and the electronics sectors has also been commendable over the years. For instance, in the telecommunication sector, these materials have gained profound significance and have replaced the conventional filters, owing to the former’s efficacy in picking up signals and improving the antenna range.
U.S. Superconducting Materials Market Size, By End-User, 2013 – 2024 (USD Million)
A subsequent rise in research and development projects in Asia Pacific has prominently fueled the regional superconducting materials market demand. The rapidly developing transportation, electronics, and telecommunication sectors in the region have positively swayed the regional R&D trends. The soaring medical industry is another promising driver impacting the growth of regional market. Increasing health awareness and development of the healthcare facilities in APAC have led the regional medical industry to substantially contribute to the expansion of the superconducting materials market size. In 2016, Asia Pacific led the global industry landscape by generating USD 250 million in terms of revenue.
Medical industry is one of the leading application segments of the superconducting materials market, which generated revenue worth USD 640 million in 2016. Superconducting products are highly used in manufacturing of machineries which are used in MRI, Magnetoencephalography, and NMR (nuclear magnetic resonance) processes. Low temperature superconducting materials are prominently used for manufacturing of these machines which indeed depicts a significant demand in the medical industry. Furthermore, the increasing government investments for the development of medical and healthcare sectors have further contributed toward superconducting materials industry growth. As per the estimates, this application is projected to witness highest gains over the period of 2017-2024.
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The ever-growing electronic sector is another prominent driver, fueling the superconducting materials industry trends. For instance, superconductor materials based electric generators demonstrate an efficiency of more than 99%, which is way higher than the traditional copper-based electric generators. The strong growth of electronics sector coupled with the increasing consumer spending on the electronic gadgets are the notable drivers propelling superconducting materials industry share. Global superconducting materials market is estimated to witness a CAGR of 17% over the period of 2017-2024 with a target revenue of USD 2 billion by 2024, according to Global Market Insights, Inc.
Fast paced technological advancements coupled with the phenomenal developments in the electronics industry have provided a substantial impetus to North America superconducting materials market, slated to register a CAGR of 16% over 2017-2024. In addition, the well-established healthcare and medical infrastructure, from the technological perspective, has also prompted the use of advanced machinery and equipment in this region, thereby boosting the regional trends.
The industry is characterized by long-term contracts between the business participants and the end-use industries to address the specific manufacturing demands. The ecosystem is also witnessing heavy investments in R&D and strategic collaborations as a part of the major growth tactics adopted by the market players. American Superconductor, Hyper Tech Research, Inc., Hitachi, Siemens AG, and Superconductor Technologies, Inc. are few of the notable players in the superconducting materials industry space.
Author Name : Ojaswita Kutepatil