The market research report on the global biosimulation market predicts the market to grow at a CAGR of 16.54% to reach US$4,673.474 million by 2024, from US$1,865.475 million in 2018. Biosimulation refers to a computer-aided program that simulates the biological processes and systems. It is being used extensively for pharmaceutical drug development to mimic the flow of diseases and then running the designed medicine through the simulation to observe its impact on the disease and the body.
Increasing expenditure on healthcare research coupled with the growing biotech industry is expected to drive the biosimulation market growth during the forecast period. Moreover, rapid technological advancements, resulting in a rapid rise in the accuracy of these systems is estimated to further inflate the biosimulation market in the years to come. However, the high initial cost in the industry due to the nascent advances in biosimulation combined with a lack of skilled labor force is estimated to hinder the growth of this market in the years to come.
Growing Investments in Pharmaceutical R&D:
The rapidly deteriorating healthcare conditions and development of the increasing prevalence of many common and uncommon diseases have resulted in increased pressure on the research and development of a range of pharmaceuticals to treat them. According to PhRMA (Pharmaceutical Research and Manufacturers of America), R&D spending by the member companies increased from US$48.6 billion in 2011 to US$71.4 billion in 2017. Similarly, as per EFPIA (European Federation of Pharmaceutical Industries and Associations), R&D expenditure is estimated to increase from €17.849 billion in 2000 to US€35.200 billion in 2017. Additionally, governments are also increasing their focus towards pharmaceutical development, which is further resulting in an increased inflow of investments in the industry in the coming years. For example, Governments in the states of Andhra Pradesh and Uttar Pradesh in India announced their intentions to set up pharma parks in these states, resulting in an inflow of investment and technology to Indian pharmaceutical companies.
In addition to this, a growing need for faster and more accurate drug development is also anticipated to push the market further in the coming years. Favorable policies by regulatory authorities and government-funded investments are focusing on the faster development of drugs, thus positively impacting the biosimulation market in the years to come.
Biosimulation Market Analysis By Application:
By application, the global biosimulation market is segmented as drug development, drug discovery, and others. Biosimulation for drug development is estimated to hold a substantial share in the market, owing to the growing need for drug delivery arising from growing cases of chronic diseases. The global burden of these diseases has increased significantly over the past years. According to the National Center for Chronic Disease Prevention and Health Promotion, chronic diseases result in an economic toll of around US$213.8 billion every year and causes US$137.4 billion of loss in productivity due to premature death. In addition to this, rapid investments, deals and developments by key players in this segment is projected to further augment this growth in the years to come. For example, in June 2019, Cellworks Group, Inc., a leading precision medicine and therapy resource index technology provider announced the Cellworks myCare-101 clinical trial, which utilizes AI-informed therapy response biosimulation to interpret Next Generation Sequencing (NGS) and other molecular data to provide reports to oncologists and patients, predicting the efficiency of their cancer therapies. Furthermore, they are also providing their Genomic Biosimulation platform to multiple associations to predict the therapy responses to multiple diseases such as Acute Myeloid Leukemia (AML) and Myelodysplastic Syndrome (MDS) in patients.
In addition to this, the demand for biosimulation for drug discovery is also projected to grow further in the coming years on account of favorable regulatory initiatives promoting drug development. Furthermore, the increasing burden of rare and orphan diseases is also anticipated to further escalate in the years to come. According to the data by National Center for Advancing Translation Sciences (NIH), under the United States Department of Health and Human Services, there are as many as 7,000 different rare diseases, impacting around 25 to 30 million individuals living in the United States.
Biosimulation Market Analysis By Geography:
By geography, the global Biosimulation market has been segmented into North America, South America, Europe, Middle East and Africa, and Asia Pacific. The North American biosimulation market is estimated to hold a major share owing to burgeoning investments in the healthcare industry by major countries such as the United States of America and Canada. Furthermore, the presence of key market players, and heavy advancements in technology further influencing the size of the biosimulation market.
The Asia Pacific region is estimated to grow at a significant rate owing to budding investments and development of the healthcare sector in developing regions such as China and India. Furthermore, the rapidly increasing presence and availability of newer technological advancements in the field of pharmaceutical development is estimated to further propel this growth in the years to come.
Europe is also projected to witness good growth during the coming years on account of favorable support by both local governments and the European Union (EU) for the availability and investments in the field of pharmaceutical development is instigating the biosimulation market share. In the Middle East and Africa, and South America, the market is at a very nocent stage and has multiple prospects to grow in the coming years.
Access Control Market is estimated to surge at a CAGR of 6.20% over the period 2018-2024 to attain a market size of US$9.194 billion by 2024
Press ReleasesKnowledge Sourcing Intelligence announces the publication of a new report on “Access Control Market – Forecasts from 2019 to 2024" to their offering.
Access control systems are electronic systems that help in recognizing user identity and thus allows a person’s entry into a premise, providing complete protection along with ensuring the security with the system.
This report provides forecast and analysis of the access control market which is estimated to fuel at a CAGR of 6.20% over the period of 2018-2024. Access control systems are expected to foresee a significant growth during the forecast period owing to the adoption of cloud-based services further leading to advancements in technology by introducing cloud-based access controls and helps in maintaining the access from anywhere. Additionally, the growing number of cybersecurity measures owing to the growing number of data breach incidences are further driving the market demand in the forecast period. The hardware segment from the product segment is expected to hold a significant market share. It is accounted to hold a share of over 80% in 2017. However, the software segment is expected to surge with a high CAGR during the forecast period. Furthermore, the growing demand for providing better security and access control management among various industry verticals is driving the growth of the global access control market in the forecast period and in the upcoming years. Concerns regarding the safety of the employees and the organization’s data are further propelling the market demand in the forecast period.
Geographically, the Asia Pacific region is projected to hold a significant market share and is expected to grow with a good CAGR over the next five years. Globalization and rapid urbanization have led to growth in the growing tertiary sector here. This has further resulted in the expansion of the IT sector in many countries like India, creating a huge market opportunity for access control systems. Additionally, with the opening of offices and operations by many companies for IT products and services, the demand for access control systems and solutions has risen, boosting the market growth in this region. On the other hand, the market demand for access control solutions in North America and European regions is expected to fuel in the forecast period due to the increasing regulations regarding data security in these regions, which in turn is expected to force organizations to equip themselves with state-of-the-art access control systems.
Some of the major players covered as part of the report are Vanderbilt Industries, Honeywell International Inc., and Siemens.
Purchase complete report or request sample: www.knowledge-sourcing.com/report/access-control-market
This report segmented the access control market on the basis following terms:
Biosimulation Market Witnessing Substantial Growth
BlogThe market research report on the global biosimulation market predicts the market to grow at a CAGR of 16.54% to reach US$4,673.474 million by 2024, from US$1,865.475 million in 2018. Biosimulation refers to a computer-aided program that simulates the biological processes and systems. It is being used extensively for pharmaceutical drug development to mimic the flow of diseases and then running the designed medicine through the simulation to observe its impact on the disease and the body.
Increasing expenditure on healthcare research coupled with the growing biotech industry is expected to drive the biosimulation market growth during the forecast period. Moreover, rapid technological advancements, resulting in a rapid rise in the accuracy of these systems is estimated to further inflate the biosimulation market in the years to come. However, the high initial cost in the industry due to the nascent advances in biosimulation combined with a lack of skilled labor force is estimated to hinder the growth of this market in the years to come.
Growing Investments in Pharmaceutical R&D:
The rapidly deteriorating healthcare conditions and development of the increasing prevalence of many common and uncommon diseases have resulted in increased pressure on the research and development of a range of pharmaceuticals to treat them. According to PhRMA (Pharmaceutical Research and Manufacturers of America), R&D spending by the member companies increased from US$48.6 billion in 2011 to US$71.4 billion in 2017. Similarly, as per EFPIA (European Federation of Pharmaceutical Industries and Associations), R&D expenditure is estimated to increase from €17.849 billion in 2000 to US€35.200 billion in 2017. Additionally, governments are also increasing their focus towards pharmaceutical development, which is further resulting in an increased inflow of investments in the industry in the coming years. For example, Governments in the states of Andhra Pradesh and Uttar Pradesh in India announced their intentions to set up pharma parks in these states, resulting in an inflow of investment and technology to Indian pharmaceutical companies.
In addition to this, a growing need for faster and more accurate drug development is also anticipated to push the market further in the coming years. Favorable policies by regulatory authorities and government-funded investments are focusing on the faster development of drugs, thus positively impacting the biosimulation market in the years to come.
Biosimulation Market Analysis By Application:
By application, the global biosimulation market is segmented as drug development, drug discovery, and others. Biosimulation for drug development is estimated to hold a substantial share in the market, owing to the growing need for drug delivery arising from growing cases of chronic diseases. The global burden of these diseases has increased significantly over the past years. According to the National Center for Chronic Disease Prevention and Health Promotion, chronic diseases result in an economic toll of around US$213.8 billion every year and causes US$137.4 billion of loss in productivity due to premature death. In addition to this, rapid investments, deals and developments by key players in this segment is projected to further augment this growth in the years to come. For example, in June 2019, Cellworks Group, Inc., a leading precision medicine and therapy resource index technology provider announced the Cellworks myCare-101 clinical trial, which utilizes AI-informed therapy response biosimulation to interpret Next Generation Sequencing (NGS) and other molecular data to provide reports to oncologists and patients, predicting the efficiency of their cancer therapies. Furthermore, they are also providing their Genomic Biosimulation platform to multiple associations to predict the therapy responses to multiple diseases such as Acute Myeloid Leukemia (AML) and Myelodysplastic Syndrome (MDS) in patients.
In addition to this, the demand for biosimulation for drug discovery is also projected to grow further in the coming years on account of favorable regulatory initiatives promoting drug development. Furthermore, the increasing burden of rare and orphan diseases is also anticipated to further escalate in the years to come. According to the data by National Center for Advancing Translation Sciences (NIH), under the United States Department of Health and Human Services, there are as many as 7,000 different rare diseases, impacting around 25 to 30 million individuals living in the United States.
Biosimulation Market Analysis By Geography:
Biophotonics : A Detection and Analysis Technology
BlogThe term biophotonics refers to the combination of biology and photonics, wherein photonics is defined as the science and technology of performing various functions such as manipulation, detection and generation of photons. Photons play a pivotal role in information technologies such as fibre optics. Biophotonics, which falls under the Semiconductor category, can also be defined as the development, application and usage of optical techniques, generally imaging to facilitate the study of biological molecules, tissues and cells. One of the benefits of using this technique is that it can easily preserve the biological integrity of the samples being examined. There are many areas where this technique or this study is used such as medicine, life science, agricultural science and environmental science therefor e the term biophotonics is referred to as the general term for all methods and techniques that deal with interaction between biological materials and photons which can include emission, detection, absorption, reflection, modification and creation of radiation from biomolecular cells, tissues, organisms and other biomaterials. Biophotonics has a variety of uses in the medical and biotech industry, it can be used to perform and facilitate function such as Diagnostics, Therapeutics, Research and Biotechnology.
Current Scenario in Biophotonics Space:
1) Growing Demand for Biophotonics
In the recent years there has been growing demand for technologies or methods to detect any disease that a person may be suffering from. Biophotonics can be used for the detection of diseases in the early stages like cancer. Also, biophotonics can be used for the detection of biological agent that can be used in biological warfare will increase the demand from the defence sector. Moreover the biophotonics can also be used for environmental monitoring which can be used to control the environmental affecting phenomenon such as pollution and global warming. Biophotonics can also be used for many other applications which are not related to medical industry such as the agriculture industry, food and beverage industry and others. Biophotonics based imaging technology is also increasingly finding uses and applications in many fields such as nanobiotechnology and cell biology, also it is expected that these technologies may replace the already existing mechanical scanning equipment in the coming few years.
2) Technology and Application to play a role
By technology the biophotonics market has been segmented as in-vivo and in-vitro. Also on the basis of application it has been segmented as see through imaging, inside imaging, surface imaging, microscopy, light therapy, biosensors and others. See through imaging and inside imaging are expected to hold a significant amount of share in the market owing to the fact that it makes seeing the inside of objects or biological materials easier thus aiding in the analysis process. So due to this the detection of some diseases that can pose serious problems to humans is successful and less harm is produced. In the applications segment, In vivo spectroscopy is poised to hold a considerable amount of share in the biophotonics market owing to the fact that it allows the researchers to easily and conveniently study cellular and tissue structures thus providing an opportunity to conduct retinal imaging, determining the potential of optical mammography and catheter based endoscopic optical coherence tomography among others.
3) Advancements and Usage in Medical and Healthcare Sector
There are continuous advancements being made in the biophotonic techniques and devices so as to improve the detection and results. Biophotonics can support a wide array of applications in the medical sector such as Diagnostics, Therapeutic and Research. In the segment, Diagnostics various biophotonic devices are used for detecting diseases and checking them in the pre-initial phase so that the disease doesn’t develop into something serious and life threatening. In therapeutic treatment, various devices that are based on biophotonic technology are used to give therapy or in simpler words to treat diseases like cancer. As biophotonics can enable cost effective medical diagnostics and therapeutic tools that can aid and facilitate the faster detection and treatment of some crtitical illnesess, so due to that biophotonics will gain traction in applications such as microscopy, cytometery over other tradiotinal techniques.
Moreover, continuous research is being conducted and made to launch more better and advanced biophotonic devices in the coming years to make the detection and treatment of these disease easier and more effective. The key players are involved in making investments and advancements so as to improve the state of these devices. For Example, the product Spectroline Bi-O-Vison series transilluminators by the company Spectronics Corp produce UV and white light to view the flouroscent gels or visiblw blots for applications in life science, this product also has an unique feature which allows it to adjust and optimize the intensity from 100 percent to 50 percent. In addition the market analysis shows that there are many funding opportunities that exist in gene therapy research and immunotherapy research which would also propel the market growth in the coming years.
Conclusion:
Currently, In-Vivo Spectroscopy holds a significant share this market and is anticipated to witness a fast growth rate in the upcoming years due to the burgeoning demand from different countries. With respect to current market trends, it is anticipated that therapeutics will flourish in the upcoming years with demand to diagnose and properly treat diseases being generated from developed regions. The growing need for proper technologies that can aid in faster detection of diseases to reduce the harmful affects on the health will continue to play a central role in driving this marketand will attract a lot of new entrants who will bring new and better changes in the techniques and tools for these purposes. Thus, the market will remain competitive in the upcoming year.
Plant Based Meat Market estimated to grow at a CAGR of 20.37% to reach US$4,780.609 million by 2024
Press ReleasesKnowledge Sourcing Intelligence announces the publication of a new report on “Plant Based Meat Market – Forecasts from 2018 to 2024" to their offering.
Plant Based Meat are a type of meat substitutes that are derived from plant and non- animal sources. They are made in such a way that they feel, taste and look like meat. Basically it is a more healthy and eco-friendlier alternative to animal meat.
According to the report, the plant based meat market is projected to expand at an impressive CAGR of 20.37% over the forecast period 2018-2024. The Plant Based Meat Market is expected to surge during the forecast period as people are tending to prefer plant based meats which are alternatives to red meat, whose consumption has an adverse effect on the individual’s health as well as the environment. Moreover, the market growth will be bolstered by the changing food preferences of people towards vegan and vegan foods and increasing awareness about maintaining a healthy and balanced diet . However, the fact these plant based meat products contain a lot of additives and have a greyish color which may be unappealing to the consumers may hinder the growth of the plant based meat market.
Geographically, Asia Pacific is expected to hold a significant amount of share in the market due to the fact that there is good amount of meat consumption in this region and as people are getting more conscious towards having a plant based diet so the demand for plant based meat products is rising. North America and Europe are expected to increase their share in the market owing to the incorporation of some vegan products in the diets of people. By Source, Soy segment is expected to have a considerable share in the market owing to the fact that it’s one of the most commonly used ingredients in plant based pork, chicken or other products as it has the same texture and high protein content. Also, by type, the chicken segment is expected to hold a significant market share owing to that fact that it is one of the most common ingredient in meat based foods like sausages, burger patties and nuggets. Furthermore, the upcoming better quality plant based meat products and investments by market players will continue to drive the plant based meat market in the coming years.
View a sample of the report or purchase complete study at https://www.knowledge-sourcing.com/report/plant-based-meat-market
Some of the major players covered as part of the report are Beyond Meat, Impossible Foods, Quorn Foods, Vegetarian Butcher, Sunfed, Maple Leaf Foods and VBites among others.
This report segmented the plant based meat market on the basis following terms
Active Packaging Market estimated to grow at a CAGR of 7.04% to reach US$28.608 billion by 2024
Press ReleasesKnowledge Sourcing Intelligence announces the publication of a new report on “Active Packaging Market – Forecasts from 2019 to 2024" to their offering.
Active Packaging is defined as packaging that enhances the performance of the package system by extending the shelf life of food and beverage items. Active packaging technologies include some chemical, biological, and physical activity which changes interactions between a package and the product while ensuring that the product remains good to consume till the end of its shelf-life. Oxygen scavengers, moisture controllers, antimicrobial agents, and UV blocking are some of the major active packaging technologies being used for increasing the shelf life of the products and keep them free from contamination.
According to the report, the Active Packaging market is projected to increase at a CAGR of 7.04% over the forecast period 2018-2024.
Booming demand for ready-to-eat and ready-to-make various food and beverage products is the major factor that is driving the demand for active packaging. Rising female working population along with rising overall purchasing power and living standards is encouraging people across the globe to opt for packaged food and beverage products to save time. This, in turn, is pressurizing packaging solution providers to offer innovative packaging solutions which provide extended shelf-life to the product. Another factor that is boosting the demand for active packaging solutions is the growing pharmaceutical industry. Rising demand for OTC (over-the-counter) drugs across different regions is also boosting the adoption of active packaging solutions for various drugs and medicines as well as medical devices. Also, growing global e-commerce industry will continue to bolster the growth of active packaging market throughout the forecast period.
The active packaging market is segmented as technology, application, and geography. On the basis application, food industry holds the major market share and is expected to maintain its dominance till the end of the forecast period owing to the rising global population base coupled with increasing disposable incomes and urbanization. With a surge in per capita incomes across different regions, the demand for ready-to-eat and ready-to-make processed food is augmenting as consumers are increasingly shifting towards convenient food products. Moreover, the escalating demand for pet food is also fueling the growth of this segment. Pharmaceuticals and healthcare is another significant segment which will experience the tremendous growth on account of rising geriatric population, rising number of patients suffering from chronic diseases, and increasing demand for OTC drugs. Since there are strict regulations regarding the packaging of drugs and medical devices, the active packaging solutions providers are heavily investing in R&D so as to come up with innovative products while increasing the shelf-life of products. Geographically, Americas holds a significant market share owing to the high demand for processed food and beverage products along with the presence of major market players in the region.
The major players covered as part of the report are BASF, DuPont, Amcor, 3M, Sonoco, Westrock, Bemis, Sealed Air Corporation, Tetra Laval, and Reynolds Group Holdings.
View a sample of the report or purchase complete study at https://www.knowledge-sourcing.com/report/active-packaging-market
This report segmented the Active Packaging market on the basis following terms
Plant-Based Meat Opens up Mouth-Watering Opportunities for Manufacturers
BlogPlant-based meat and products are considered as meat substitute imitate the properties found within natural meats. They are made using plants and other non-animal products and constitute ingredients like soya-beans, wheat gluten, tofu and tempeh among a variety of other nuts. Compared to meat products, plant-based meats offers consumers a more sustainable and environmentally friendly line up of meat alternatives and are widely adopted by consumers in various parts of the world. The growing vegan population around the globe is expected to be one of the prime drivers for the growth of the market during the forecast period. Besides, growing efforts and investment in research and development by plant-based meat manufacturers in terms of better taste, texture and aroma with longer shelf life also open up the growth opportunities in the coming years.
Consumer Trends
The growth of plant-based meat industry is largely driven by the emergence of vegan and flexitarian consumers. Consumers' response to plant-based meat is a combination of both environmental and health concerns. As consumers are switching towards plant-based diets due to reasons like protecting animals or changing take & preferences, as a result, more consumers seek meat alternatives, the market for plant-based meat is rapidly growing and extending beyond the expectation in many parts of the world.
Notable, media coverage on the impact of meat and dairy product production on global warming-related to greenhouse gases in developed economies also drives the switch of consumers towards plant-based meat products. Besides, animal welfare rights groups and associations have also gained remarkable traction on how animals are treated during the course of meat production has also caused a switch in taste and preferences of customers
Industry Trends
In recent year’s food and beverage industry has experienced an ample number of opportunities for key product categories sold through various retail and foodservice channels. There is a significant increase in the number of companies and start-ups that are launching new and exciting products into the market aiming to meet the increasing consumer demand. Technologies and process innovation in plant-based products industry coupled with growing government initiatives and investment is anticipated to widen up growth opportunities to new entrants in the market. In addition, companies are now also targeting developing countries like China and India which has a huge consumer base, and with increasing disposable income in these countries, major market players are investing immensely thus augmenting the growth opportunities for plant-based meat market in the coming years. Europe is expected to hold a significant share in the market owing to the established food and beverage industry and changes in consumer preferences towards plant-based products.
Recent Developments in Plant-Based Meat Market:
Future Prospects
Currently, plant-based meat is one of the fastest-growing segments in the food and beverage industry. The growing demand for a vegan diet along with the rising investments by big market players will boost the demand for plant-based meat. As we look in the upcoming years, more plant-based products are expected to come and developing economies provide a wide range of opportunities for new market players. Thus, the plant-based meat market has a bright future ahead and has the potential to grow at an astounding rate of 20.37% during the forecast period. Therefore, the global plant-based market size is expected to be valued at US$4,780.609 million in 2024.
The Agrochemicals Market is anticipated to attain a market size of US$323.825 billion by 2024
Press ReleasesKnowledge Sourcing Intelligence announces the publication of a new report on “Agrochemicals Market – Forecasts from 2019 to 2024" to their offering. Chemicals such as pesticides and fertilizers that aid in crop cultivation in order to meet the global food demand are known as agrochemicals.
The agrochemicals market is estimated to be valued at US$258.486 billion in 2018 and is projected to expand at a CAGR of 3.83% to reach a market size of US$323.825 billion in 2024.Due to rapid population expansion and high disposable income, there has been quick urbanization and increased demand for food products. Increasing crop yield and agricultural output will become imperative to meet this demand. Another factor that has contributed significantly to the agricultural industry has been technological advancements and innovation, providing the necessary impetus to agrochemicals usage as fertilizers and pesticides by growers across the world. The agriculture industry in developed nations like the U.S., Canada, the U.K., Germany, and others were the early implementers of agrochemicals. The market has saturated with moderate growth to be witnessed over the forecast period. Emerging economies have now become the market driver for agrochemicals, with high growth over the next five years creating enormous opportunities for the agrochemical manufacturers.
Geographically, Asia Pacific dominates the market with more than 40% share and is estimated to grow rapidly during the course of the forecast period. China is one of the largest producers of agriculture goods globally and extensively utilizes crop protection products in order to limit crop losses and increase production. The production index has increased from 100.4 in 2005 to 139.03 in 2016 (source: World Bank, 2004-06=100). However, the proportion of arable land in China is relatively low and efforts are made by the government to increase this proportion. Simultaneously, the market in the Middle East and Africa is also poised to grow steadily as efforts are being made on reducing the imports of different types of crops and to increase the share of domestic cultivation. This is indicated by the fact that the fertilizer consumption in Saudi Arabia increased from 43.824 kg per hectare of arable land in 2009 to 175.611 kg per hectare of arable land in 2015 (source: World Bank). Moreover, issues related to water scarcity in major economies of the Middle Eastern region are leading to the increasing efforts to produce an optimum quantity of crops, thereby, increasing the demand for agrochemicals.
View a sample report or purchase the complete study at https://www.knowledge-sourcing.com/report/agrochemicals-market
Some of the major players covered as part of the report are BASF SE, The Dow Chemical Company, Yara International ASA, Bayer AG, Sumitomo Chemicals, and the Mosaic Company among others.
The agrochemicals market has been analyzed through the following segments:
By Type
Fertilizers
Nitrogenous Fertilizers
Phosphatic Fertilizers
Potassic Fertilizers
Pesticides
Organophosphates
Pyrethroids
Biopesticides
Neonicotinoids
Others
By Crop Type
Oilseeds
Cereals
Fruits and Vegetables
Others
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
United Kingdom
Germany
France
Spain
Others
Middle East and Africa
Saudi Arabia
Israel
South Africa
Others
Asia Pacific
China
India
Australia
Japan
Others
Antimicrobial Coatings Market is projected to augment at a CAGR of around 9% to reach close to a market value of US$7 billion by the end of 2024
Press ReleasesKnowledge Sourcing Intelligence announces the publication of a new report on “Antimicrobial Coatings Market – Forecasts from 2019 to 2024" to their offering.
SUMMARY:
Antimicrobial coatings are currently a billion-dollar industry and are immensely used for application to walls, counters, and door handles. Additionally, these are used in frequently touched areas, also known as high-touch areas such as HVAC vents.
This report provides forecast and analysis of the antimicrobial coatings market which is estimated to expand at a CAGR of around 9% over the period of 2018-2024. Antimicrobial coatings help in maintaining surface quality and are helpful in the prevention of rust formation, cracks, bubbles, algae, and fungus. The market is expected to propel during the forecast period due to the growing demand across varied end-user industry verticals. The growing investment by the major players in research and development for future technological advancements in antimicrobial coatings is further driving the market growth in the forecast period. Increasing geriatric population in the developed regions of the world and government regulations are some of the other key factors fueling the market growth. However, previous incidents of health hazards due to the usage of silver in the antimicrobial coatings and governmental interference in many European countries and in the United States are expected to hamper the growth of the global antimicrobial market in the forecast period. Geographically, Americas region is expected to hold a major market share owing to the early adoption of technology followed by Europe. On the other hand, the Asia Pacific region is expected to be the fastest-growing during the forecast period. In the North American region, the market is expected to propel in the forecast period owing to the stringent regulations regarding health and hygiene in hospitals and clinics. Also, high demand from the residential and industrial sectors for HVAC is further boosting the market demand, propelling the market growth in this region.
Furthermore, increasing consumer awareness due to the ill effects caused by the microbes in addition to the growing need in complying with the strict government regulations will provide an opportunity for the market to thrive in the forecast period and in the upcoming years. Moreover, innovation in the field of application of antimicrobial coatings in sectors like wind power will further provide an opportunity for the growth of the global antimicrobial coatings market in the coming years.
On the basis of type, copper antimicrobial coatings are expected to grow with a significant CAGR during the forecast period owing to the growing applications in the healthcare field. Also, the application of copper antimicrobials other than healthcare includes agriculture and marine. Additionally, preference to copper metal over silver metal is due to the growing concerns regarding the ill-effects of silver due to the prolonged exposure of silver metal to the human skin.
Purchase complete report or request sample: www.knowledge-sourcing.com/report/antimicrobial-coatings-market
Some of the major players covered as part of the report are BASF SE, Akzo Nobel N.V., and Specialty Coating Systems Inc.
This report segmented the antimicrobial coatings market on the basis following terms:
Algae Protein Market estimated to grow at a CAGR of 6.85% to reach US$886.802 million by 2024
Press ReleasesKnowledge Sourcing Intelligence announces the publication of a new report on “Algae Protein Market – Forecasts from 2018 to 2024" to their offering.
Algae protein is a type of plant-based protein which is sourced from blue-green or green algae which can contain up to 50-60% protein that can used as food ingredients. Algae proteins have a high nutritional value, amino acid quality, omega-3s and essential amino acids and is better and more effective than other plant-based proteins. Algae proteins are of various types like spirulina, chlorella, seaweed and others.
According to the report, the algae protein market is projected to increase at a CAGR of 6.85% over the forecast period 2018-2024. The market for algae protein is expected to surge during the forecast period as the demand for better and healthier protein products is rising and many people are shifting towards plant-based proteins. Moreover, the market growth will be further bolstered due the fact that algae has more protein content than other products which is increasing its usage in different applications and industries. The algae protein market has been segmented on the basis of type, end-user, and geography. Geographically, North America is expected to hold a significant share in the market owing to the fact that there is high consumer awareness and about negative impacts of high meat consumption and people are demanding other protein-based products which are healthier and have more protein content. Asia Pacific region is also expected to increase its share in the algae protein market over the coming years due to consumption of seaweed in some countries and rising demand for a better animal protein substitutes.
Also, On the basis of end-user, dietary supplement segment is poised to hold a notable market share owing to the fact that there is a rise in disposable income of people and their consumption pattern and preferences which is boosting the demand for algae proteins. Furthermore, the rising investments and participation of key players and new product launches will also play a role in augmenting the market growth. For example, Furthermore, the rising investments and participation of key players and new product launches will also play a role in augmenting the market growth. For example, In August 2019, a company Plantsy has launched a range of beverages in the UK which are based on algae protein which is available in two flavors. The product is a perfect source of plant protein and have a range of health benefits. Another company, ADM has partnered up with algae cultivator company Qualitas Health to offer three different Onavita DHA and Almega EPA blends. These blends contain omega-3, omega-6 and omega-9.
View a sample of the report or purchase complete study at www.knowledge-sourcing.com/report/global-algae-protein-market
Some of the major players covered as part of the report are Corbion Biotech, Inc., Nutrex Hawaii, Cyanotech Corporation, Earthrise Nutritional, Far East Bio-Tec Co., Ltd. (ALGAPHARMA BIOTECH CORP.), Algatechnologies Ltd. and Phycom Microalgae.
This report segmented the algae protein market on the basis following terms
Asia Pacific (APAC) Automated Material Handling Market estimated to be valued at US$11 billion in 2018
Press ReleasesKnowledge Sourcing Intelligence announces the publication of a new report on “Asia Pacific (APAC) Automated Material Handling Market – Forecasts from 2019 to 2025" to their offering.Automated material handling solutions are machines that eliminate the requirement of humans for the check-in, check out, sorting, and controlling material, among others.
The Asia Pacific (APAC) Automated Material Handling Market is estimated to be valued at US$11 billion in 2018 and is projected to expand at a CAGR of close to 10% over the forecast period 2019-2025. The market is expected to surge during the forecast period due to the rapidly advancing industrial and manufacturing sector in the APAC region, especially in developing nations such as India, China and South Korea, is estimated to be the major driver for the APAC automated material handling market during the forecast period. Moreover, developing e-commerce, logistics and infrastructure activities in these countries is also estimated to further influence the automated material handling market in the APAC region. Furthermore, increasing competitiveness within the market, combined with rising demand for sustainable economic development in developing countries is estimated to greatly impact the demand for material handling solutions, thus further instigating the demand for automated material handling machines in the Asia Pacific region.
By industry vertical, the manufacturing industry is estimated to hold a significant share in the market owing to the increasing investments and focus by both government and private players in the Asia Pacific region, especially in India and China. In addition to this, the healthcare sector is also anticipated to show substantial growth in the coming years on account of rapidly increasing demand for pharmaceuticals. Furthermore, growing disposable income and rapid urbanization has resulted in an increased demand for packaged food and beverages, thus increasing the demand for automated material handling devices during the forecast period.
Geographically, China and Japan are estimated to hold a major share in the market owing to them being major manufacturing hubs in the Asia Pacific region. Additionally, the rapidly growing disposable income, increasing manufacturing activities, urbanization, and growing infrastructure are contributing towards the rapid growth in India, China, and South Korea, resulting in staggering growth in the automated material handling market in these countries.
View a sample report or purchase the complete study at www.knowledge-sourcing.com/report/asia-pacific-apac-automated-material-handling-market
Some of the major players covered as part of the report are Konecranes plc, BEUMER Group, Murata Machinery Ltd., Daifuku Co., Ltd., and Mecalux SA.
This Asia Pacific (APAC) automated material handling markethas been segmented as follows:
· By Product
· By Industry Vertical
· By Geography