Knowledge 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 marketis 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.
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
By Type
Spirulina
Chlorella
Seaweed
Others
By End-User
Dietary Supplements
Food Items
Animal Feed
Pharmaceutical
Cosmetics and Personal Care
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
Japan
China
India
South Korea
Others
https://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/01/algae_protein.png165520adminhttps://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/02/Printable-Resolution-big-300x78.pngadmin2023-01-07 12:49:462023-02-11 11:29:14Algae Protein Market estimated to grow at a CAGR of 6.85% to reach US$886.802 million by 2024
Knowledge 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 Marketis 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.
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
Automated Guided Vehicles
Towing Vehicles
Unit Load Vehicles
Pallet Trucks
Fork Trucks
Hybrid Vehicles
Light Load
Assembly Line Vehicles
Custom AVGs
Others
Automated Storage and Retrieval Systems
Unit Load
Mini Load
Horizontal Carousels
Vertical Carousels
Robotic AS/RS
Others
Software
Services
· By Industry Vertical
Manufacturing
Healthcare
Chemical
Paper
Food and Beverage
Warehousing
Others
· By Geography
Japan
China
India
Australia
South Korea
Others
https://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/01/automated_material_handling.jpg165520adminhttps://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/02/Printable-Resolution-big-300x78.pngadmin2023-01-07 12:49:462023-02-11 11:29:14Asia Pacific (APAC) Automated Material Handling Market estimated to be valued at US$11 billion in 2018
NOR flash memory is a type of non-volatile storage technology. The type of memory that does not require power to store the data is called non-volatile memory. For long term storage or secondary storage, this type of memory is very commonly used.
The report provides detailed forecast and analysis of the NOR flash memory market which is projected to expand at a CAGR of 3.32% over the forecast period 2018-2024. The NOR flash memory market is expected to surge during the forecast period due to the fact that this type of non-volatile memory has many uses in different industries like automotive, wireless, medical and other industrial applications. Moreover, the increasing demand for different and better consumer electronics and communication devices is rising which will bolster the market growth. The NOR flash memory market has been segmented on the basis of type, end-user industry and geography.
Geographically, Asia Pacific is expected to hold a significant share in the market owing to the fact that there has been an increase in the manufacturing of semiconductors in different countries of the region. By industry, the communication industry is expected to hold a significant amount of share in the market due to the usage or NOR flash memory in mobile phones and many communication devices. Furthermore, the upcoming better products and investments by key players will continue to drive the NOR flash memory market in the coming years. For example, in 2018, Micron Technology, Inc., unveiled a new NOR flash product which is enabled by Authenta technology which provides authentication of content and command at a silicon level and also provides additional defenses to IoT devices which can easily increase the security of these devices. Also, another company GigaDevice launched a new SPI NOR flash series which is the smallest in the industry and also designed for usage under low power consumption.
In September 2019, Alliance Memory announced that they have introduced a new 5V Parallel NOR flash memory products in the boot and uniform sectored architectures. The device allows fast and low latency read speeds thereby allowing for both data storage and code execution. Cypress Semiconductor Corp. also announced its new Semper NOR flash memory. The product is defined as a mix of reliability and safety and has different functions in the automotive and industrial applications.
Some of the major players covered as part of the report are Cypress Semiconductor Corporation, Macronix International Co., Ltd., Micron Technology, Inc., GigaDevice, and Winbond among others.
This NOR flash memory market has been segmented as follows
By Type
Serial NOR Flash
Parallel NOR Flash
By End-User Industry
Communication
Consumer Electronics
Automotive
Manufacturing
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
South Korea
India
Others
Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing research studies spanning across ten industry verticals. We have a combination of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. Driven by industry experts, the company provides syndicated reports, custom research, and consulting services. Our proprietary data analytics model blended with quality primary and secondary research data, assists in generating quality reports providing crucial insights to managers and decision-makers. The services offered by us help companies to gain the required competitive edge. Our expertise across 10 industries such as ICT, Chemicals, Semiconductors, Healthcare among others caters to diverse client needs.
https://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/01/nor_flash.jpg165520adminhttps://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/02/Printable-Resolution-big-300x78.pngadmin2023-01-07 12:49:462023-02-11 11:29:14NOR Flash Memory Market estimated to grow at a CAGR of 3.32% to reach US$2,327.870 million by 2024
The market research report on the global organoid technology market predicts the market to grow at a CAGR of 28.11% during the 2018-2024 period. Organoid technology refers to the growing of organs or a miniaturized version of the organs which shows realistic microanatomy. Growing innovations in the field of healthcare, combined with the increasing investments by key market players is estimated to be the main drivers of the market to grow in the years to come.
Increasing expenditure on healthcare research coupled with the growing biotech industry is expected to drive the organoid market growth during the forecast period. Moreover, the ban on animal testing in various regions and the growing ethical concerns over animal source usage is further expected to provide the necessary impetus to the market growth. However, the high initial cost in the industry due to the nascent advances in organoid technology and the strict government regulations owing to its application in healthcare will restrain the growth of the market.
Growing Investments in Pharmaceutical R&D:
The 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, rapid investments to curb the development and manufacturing time of drugs is also one of the focuses of the key market players in drug development. Such steps and actions are thus estimated to positively impact the demand for newer drug development technologies such as organoid technology, thus further instigating the demand for the same.
Organoid Technology Market Analysis By Application:
By application, the global organoid technology market is segmented as cancer research, biomedical research, regenerative medicine, and personalized medicine. Organoid technology for cancer research is estimated to witness a staggering increase in demand over the coming years owing to increasing emphasis on the development of newer cancer treatment methods. For example, in March 2019, JSR Corporation partnered up with Hubrecht Organoid Technology (HUB) allowing JSR to access the HUB’s highly characterized tumor organoid biobank.
Furthermore, the growing prevalence of cancer all around the world has resulted in further pressure on the healthcare sector, which is further anticipated to fuel the demand for organoid technology in the coming years. According to the World Health Organization, global cancer prevalence has risen to 18.1 million new cases and 9.6 million deaths in 2018.
In addition to that, the personalized medicine segment is also anticipated to witness good growth in the coming years owing to the increasing cases of medicinal ineffectiveness to certain patients, and increasing demand for improved treatment solutions. Furthermore, biomedical research and regenerative medicine are also anticipated to hold a good share in the market and grow at a decent pace in the years to come.
Organoid Technology Market Analysis By Geography:
By geography, the global organoid technology market has been segmented into North America, South America, Europe, Middle East and Africa, and Asia Pacific. North America holds a major share in the market on account of burgeoning investment in the healthcare industry by major countries like the United States of America and Canada. Furthermore, the presence of key market players and rapid integrations through collaborations, mergers and acquisitions, partnerships and more is further influencing the organoid technology market size in a positive manner. In March 2018, the MDI Biological Laboratory in Bar Harbour, Maine partnered with Hubrecht Organoid Technology (HUB) to offer a one-week intensive course to offer basics of organoid culture and the most recent developments in the organoid field to both students and researchers.
By counties, the North America organoid technology market is segmented as the United States of America and Canada. The United States organoid technology market size is estimated to grow at a very high CAGR owing to the rapid steps by both government and private players towards the development of newer technologies and the growing prevalence of multiple cancerous and non-cancerous diseases.
The Asia Pacific region is projected to show the fastest growth amongst all the regions owing to the growing instances of rare and orphan diseases, combined with increasing focus towards the healthcare industry and stringent regulations regarding the research and development in the medical field.
Europe is also projected to witness good growth during the coming years on account of stringent government regulations by both local governments and the European Union (EU) against medical testing on animals has resulted in a substantial rise in organoid technology 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.
Baby food is defined as any soft, easily consumed food, other than breastmilk, that is made specifically for infants and toddlers roughly between the ages of 2-6 months to 4 years. Milk formulation, prepared food and dried food, and organic food are the different types of food available in the market to meet the nutrition requirement of the babies. Baby food has become a quintessential part of modern parenting as awareness among the consumers regarding the benefits of baby food has increased. With a large section of women participating in the workforce around the globe, baby food is increasingly being seen as a nutritional supplement to breast milk for babies from birth to 4 years. Due to this, the demand for different types of baby food is spurring from various geographical regions.
Current Scenario in Baby Food Space:
Milk Formulation all set to grow in emerging economies.
In recent years, the demand for milk formulation has majorly being realized from the emerging countries of MEA and the Asia Pacific. The demand for milk formulation is stemming from the fact that these emerging countries are witnessing substantial growth in disposable income as well as live birth rate. A rapidly evolving economy is leading to greater purchasing power among the population. This coupled with the busy lifestyle of the working mothers are compelling them to opt for breastmilk substitutes which are not only convenient but also nutritious at the same time. In Saudi Arabia, the market has grown at an impressive rate and much of the credit goes to the government initiatives to curb the soaring prices of various baby food products that significantly facilitated the greater adoption of milk formulations among the parents. Furthermore, with Nestle set to launch a new line of milk formula in China, especially small cities, to strengthen its lead in the baby formula market, the demand for milk formulation is poised to grow at a good rate in the upcoming years.
Packaging: Success mantra for packaged baby food
Packaged baby food like purees, cereals, rice rusks, and others have majorly gained traction among the millennial parents. The growing awareness among the parents regarding the nutrient content of the food has majorly led to the greater incorporation of various nutrients in their packed baby food products. Therefore, manufacturers are continually working towards adding value to their product ranges along with implementing a discounting strategy with the retail price. With respect to quality, functional ingredients, healthy fats, and low sugar options are the key priorities for the leading brand. Also, the type of packaging used to package baby food has emerged as one of the prime factors among the parents before deciding a particular brand. Currently, squeeze pouches and tots pouches are raging in the packaged baby food market and key players like Plum Organics and Infantino are providing their packed baby items. For Plum Organics, their Tot pouches are among the fastest-growing segments of their company’s portfolio.
A rising propensity towards organic food
Parents, nowadays, are preferring organic baby food like never before. The rising demand for organic food is substantiated from the fact that an increasing number of products have been launched and investments have been done in the last few years, especially in the North American and European regions. Recently, in September 2019, Nestle has invested US$ 44.15 million in two organic baby snacks production facilities in Portugal to expand its product range. Seeing the potential of organic baby food in countries like Spain, new players like Smileatbaby and Mi menu has entered into the Spanish baby food market. Players like Ebro Foods are increasingly seeing Spain as the lucrative market and has acquired Bioalimentacion Infantil de Andalucia (BIA), in January 2018, to exploit organic baby food sector in the country. Along with this, Thistle, a California-based company that delivers local and organic foods, also jumped into the baby food business with the launch of Thistle Baby. In October 2018, Gerber teamed up with Walmart to test a line of organic baby and toddler foods as an alternative to home-made baby food. Thus, increasing the participation of big players along with the entrants of new players in the organic baby food segment in introducing organic baby food is set to propel the organic baby food market growth.
E-commerce: Booming baby food sales
Booming e-commerce in both developed and developing countries is revolutionizing baby food product sales. The rising propensity of millennial parents towards buying baby food products via online stores is encouraging new players to enter into the baby food segment. In September 2017, Danone invested in French organic food startup Yooji with the intent to increase online sales of various types of baby food for the different age groups. Also, recent investments by Mumzworld and Emaar Properties to launch the new website for Saudi Arabia and UAE market is further propelling the online baby care products growth in the upcoming years, thus impacting the baby food market in the positive sense.
Conclusion:
Currently, milk formulation holds a major share in the global baby food market and is anticipated to witness the fastest growth rate in the upcoming years due to the burgeoning demand from emerging countries. With respect to baby food market trends, it is anticipated that organic baby food that is dried will flourish in the upcoming years with demand being generated from developed regions. The growing need for convenience will continue to play a central role in driving the baby food industry and will attract a lot of new entrants via online distribution channels. Thus, the market will remain competitive in the upcoming years and despite falling birth rate in developed regions, it is projected to show modest growth in the upcoming years.
https://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/01/baby_food_industry.jpg165520adminhttps://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/02/Printable-Resolution-big-300x78.pngadmin2023-01-07 12:49:462023-02-11 11:29:14Baby Food Industry Landscape
Green Cement is defined as a cementitious material that either exceeds or meets the functional performance capabilities of an ordinary Portland cement (OPC) by incorporating recycled materials, thus reducing carbon dioxide emission emitted during cement production.
The cement and concrete industry sector together are responsible for around 6-8% of the world’s greenhouse gas emissions. Despite the incremental improvements in process efficiency to produce ordinary Portland cement, its production is still responsible for contributing significantly to the man-made global carbon emissions. In fact, the percentage of countries committed to peaking their emission is expected to increase from 36% in 2010 to 60% in 2030 (source: Emission Gap Report 2018, United Nations Environment Programme). This is correlated with the steady increase in the production of ordinary Portland cement (OPC). In fact, the cement industry is estimated to contribute to approximately 5% of carbon dioxide emissions.
FIGURE: PERCENTAGE OF GLOBAL GHG EMISSION COVERED BY COUNTRIES
Source: Emission Gap Report 2018, United Nation Environment Programme
Therefore, the cement industry is increasingly facing challenges relating to energy sources, carbon dioxide emissions and the use of alternative materials. This is one of the major factors that are compelling the manufacturers to opt for sustainable ways to conduct cement manufacturing, thus augmenting the green cement market growth. As a result, key players in the industry are continually working in the direction of manufacturing sustainable cement through partnerships, investments, R&D, acquisition and launches and significantly propel the green cement industry.
Recent Developments in the Green Cement Technology
In July 2018, JSW Cement has invested around US$150 million in Fujairah, UAE to set up 1 million tonnes per annum (mtpa) clinker unit and a captive power plant, as part of its goal to achieve 20 mtpa capacity by 2020. According to the company, the unit will boost JSW Cement’s leadership as one of the leading producers of green cement.
Lehigh Hanson Inc. is expected to expand its operations in Mitchell, Indiana, by investing approximately $600 million in its Lehigh Cement Company plant to produce sustainable cement using the state-of-the-art technology and the latest in environmental controls and systems.
In November 2018, Hoffman Green Cement Technologies (HGCT) has inaugurated its first green cement plant in Bournezeau, Vendee, France. An investment of EUR 10 million has been done on this project, funded through a public-private investment, that is expected to produce 50,000 tonnes. The green cement will be manufactured using flash-calcined metakaolin and blast-furnace slag. The first project to test this cement is going to be a renovation project by Eiffage of Ateliers Gaite, a real estate complex in Montparnasse, Paris.
Indicative of the growth potential for green cement in developing countries like India, JSW Cement has planned to double the capacity of its Salboni unit from 2.4 mtpa to 4.8 mtpa in February 2019. The manufacturers, that produce environment-friendly Portland Slag Cement (PSC), a green cement, is expanding its capacity at a good rate.
In July 2019, Hoffman Green Cement Technologies and Bouygues Construction have collaborated to develop and test concrete formulations using new cement made from Hoffmann’s H-EVA technology. Bouygues Construction is a global player in construction that is increasingly turning towards sustainable construction to meet the growing regulations related to the environment safety. H-EVA technology is an ettringite technology that uses alkaline activated clay and offers a carbon footprint between 70%-80% lower than a conventional OPC.
Solidia Technologies has launched Solidia Cement, a low-Calcium silicate cement (CSC) that lowers carbon emissions and carbonate concrete, at International Low-Carbon Cement and Concrete Technologies conference. The cement produced will be able to reduce the carbon footprint up to 70% as compared with an ordinary Portland cement (OPC).
What The Future Holds?
As per the international Environmental Agency Sustainable Development Scenario (SDS), the direct carbon dioxide emission from the cement has to be decreased from 6-8% in the present to 3% by 2030. This will further compel the manufacturers to focus on reducing the carbon intensity of cement by further improving their existing cement manufacturing techniques, thus accelerating the demand for green cement in the upcoming years.
The burgeoning investments in building green infrastructure will boost green cement market growth since sustainable building construction requires green or sustainable concrete as raw material.
The application of the green cement in the residential space will grow at an impressive rate on account of the growing percentage of sustainable residential construction, as a % of GDP, in developed regions like North America and Europe.
FIGURE: RESIDENTIAL CONSTRUCTION IN SELECTED COUNTRIES IN EUROPE, IN % OF GDP
Source: Eurostat
Fly-ash based products will be the fastest-growing among the products due to its widespread adoption among the players as it tends to improve the workability while reducing the water demand during the construction of fresh concrete. As the water scarcity problem is anticipated to be graver in the future, the demand for such material is poised to grow in the upcoming years.
Conclusion:
Therefore, the green cement market size was US$20.535 billion in 2018 and is poised to grow at a CAGR of 9.65% to reach a market size of US$35.680 billion by 2024 on account of growing strictness towards reducing carbon dioxide emission due to construction activities, rising investments in green infrastructure and increasing involvement of the major players to launch sustainable cement for the construction purpose.
https://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/01/green_cement_market.jpg165520adminhttps://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/02/Printable-Resolution-big-300x78.pngadmin2023-01-07 12:49:462023-02-11 11:29:14Green Cement Technology: Current Scenario and Future Prospects
3D printing is one of the promising technologies that have the potential to transform mainstream manufacturing. It provides flexibility in the manufacturing of complex geometries at competitive prices and within a low production time. 3D printing is fast gaining traction among various industries. The burgeoning adoption of industrial revolution 4.0 is one of the major factors that is boosting the 3D printing market growth. Competitive pressure and ever-evolving business model are compelling companies to shrink development cycles and move in the right direction with speed and agility. As a result, 3D printing is transforming manufacturing and providing flexibility, customization, time-to-market, distributed manufacturing and much more.
Key Trends in 2019:
1) Burgeoning focus on innovative application
Until now, 3D Printing was limited to prototyping, but now it is being used for spare parts, tools, and bridge production. With application-specific 3D printing truly taking off these days, more and more companies are introducing printers, software, and materials aimed at individual use cases for targeted solutions that are innovative. For instance, Adidas utilized 3D printing technology to make plastic midsoles for the shoes and planned to introduce 100,000 pairs of shoes, by the end of 2018. Also, Singapore-based Structo closed its latest funding round backed by government-linked investor EDBI with an aim to launch automated dental 3D printing technology.
2) Investments drive a new wave of industrial 3D printing
Manufacturing corporates have been pouring funding in the areas of advanced materials from the past few years. Major players like GE and Siemens are continuously looking beyond their R&D and patent portfolios to gain an edge in the 3D printing space. Active players in industrial 3D printing space include GE, Siemens, Autodesk, 3D Systems, and KDT among others. As a result, they have invested in a number of start-ups to propel industrial 3D printing industry growth. Start-ups like Desktop Metal are increasingly backed with corporate funding. For instance, in January 2019, Desktop Metal closed a funding round of $160 million, led by Koch Disruptive Technologies (KDT) to advance the global commercialization of its metal 3D printing technology.
3) Wider adoption of software
3D printing software is an essential tool for the designing and manufacturing of 3D printed models. Software not only enables the users to create and prepare the model for printing but also allow for pre-printing repair and provide control over the production process. The previous year saw a rising awareness of the importance of software in various aspects of the additive manufacturing process. Also, the demand for a user-friendly software interface facilitated the wider adoption of software among the industries. User interface software is also a key tool for 3D printing as they allow the user to control the manufacturing process to improve the quality of the final print. This software is generally shipped bundled with the printer and is designed for a specific printer or technology. The demand for this software is estimated to increase with the increasing sales of medium and high-end 3D printers which include such software with the printer.
4) Material demand set to grow at an exponential rate
The demand for 3D printing materials is expanding at an unprecedented scale owing to the increasing adoption of 3D printing solutions for industrial and residential purposes. The current trend is observing a reversal where materials are developed as per the application. This is particularly beneficial for industries like aerospace and healthcare as they require customized materials with specific properties. Also, with the advancement in metal 3D printing, the demand for the metal as a material is poised to grow at the fastest rate in the upcoming years. Metal 3D printing is fast gaining traction among industries as it is fast, accurate, and cost-efficient. The process is used to manufacture small series parts for testing purposes. The burgeoning need to develop complex geometries with utmost accuracy and speed are the major factors that are boosting the metal 3D printing market growth. Industries like medical, aerospace, automotive and jewelry are already utilizing metal 3D printing for not only prototyping but also for producing complex components that are driving the demand for metal 3D printing in these industries. 3D printer manufacturers consider metal in powdered form as the most desirable material, owing to its performance, to produce 3D printed parts and prototypes.
5) Automation in the area of post-processing
Earlier, post-processing was referred to as “dirty secret” of additive manufacturing and one of the least optimized stages of the additive workflow. Currently, the post-processing operations are manually driven, thus requiring more skilled operators which in turn increases lead time and production costs.
So, steps are being taken to change this and companies that are overcoming these hurdles in the end-to-end additive manufacturing process are the ones luring investments. Investments in post-processing 3D further exemplify a commitment to 3D printing’s future against traditional techniques like injection molding. In October 2019, UK-based post-processing specialist Additive Manufacturing Technologies (AMT) has completed $5.2 million series A funding round to commercialize its post-processing technology intending to launch an integrated digital manufacturing system that will deliver end-to-end solutions from selecting materials to part finishing for any industrial manufacturing process.
Future Prospects:
Currently, 3D printing is fast-moving from prototyping to a viable option for industrial production. The growing need to mass-produce industrial components along with the rising investments in the field of innovative applications will boost the demand for 3D printing. As we look in the upcoming years, more application-driven solutions are expected to come. Thus, the 3D printing market has a bright future ahead and has the potential to grow at an astounding rate of 27.59% during the forecast period. Therefore, the 3D printing market size is expected to be valued at US$39.640 billion in 2024.
https://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/01/3d_printing_market_growing.jpg165520adminhttps://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/02/Printable-Resolution-big-300x78.pngadmin2023-01-07 12:49:462023-02-11 11:29:143D Printing Leading to Manufacturing Renaissance
With the growing incidences of cancers worldwide, many cancer researchers are finding ways to combat this deadly disease. Also, scientists from all over the world have joined hands for the development of cancer drugs to be administered to cancer patients prolonging their survival. A drug takes several years to reach to the market passing through the various stages of approval. There are at present three main stages of development a drug has to pass, this includes the preclinical, clinical, and post-clinical research. Discovery of new cancer drugs may take place in three different ways: First include the accidental discovery, such discoveries are rare, the second include the discovery of anticancer drugs from the plants, fungi, and animals. While the third includes the study of cancer cells and developing a drug accordingly so that it can inhibit its growth process, leading to the cancer cell death. Moving on to the topic of interest, vincristine and vinblastine, which are the potent anticancer drugs for the treatment of certain cancers which include leukaemia, Hodgkin's and non- Hodgkin's lymphoma, thyroid cancer, brain tumour, advanced stage testicular cancer, and advanced stage breast cancer among the treatment of other cancers as well. These are obtained from the well-known plant Catharanthus roseus, the “sadabahar” plant in Hindi language. Vincristine and Vinblastine are known as clinic alkaloids, known as vinca alkaloids, alkaloids in plants, byproducts of the plant metabolism, play a significant role in providing protection against insect or animal attacks. This property of the alkaloids is exploited for providing protection against diseases in the form of drugs.
The anti-leukaemia drug, Vincristine is in demand, but has a very low yield from the source plant in comparison to the Vinblastine which is more than 1000 times in yield. This has however affected the price as well, the one with lower yield and high demand leads to being highly expensive. Whereas on the other hand, the Vinblastine costs one third of the Vincristine. Hence, to avoid high price, Vinblastine is being used as a parent drug for obtaining Vincristine via structural modifications.
Keeping in view the high price of the above-mentioned drugs, researchers moved on to experimentation with the extraction of these life-saving drugs from the plant-associated fungi. Hence, by the identification of fungi strain for the production of vincristine and vinblastine, the drugs were purified by using Thin Layer Chromatography (TLC) and HPLC, further characterized using UV-Visible spectrophotometer, ESI-MS and H NMR.
The mechanism of action of these drugs against cancer cells include the binding of the intercellular tubulin, in tumor cells, vincristine and vinblastine act by inhibiting the DNA repair and RNA synthesis mechanisms and blocks the DNA-dependent RNA polymerase.
With the generic name, vinblastine, this is available in the market by the brand name, Velban. The trade names for vincristine consist of Oncovin ®, Vincasar Pfs ®. Alternate names include, Vincristine Sulfate, LCR, VCR. These drugs are administered into the patient’s body through IV injection and are well-tolerated. However, some patients may experience discomfort in the form of side effects. At the time of dosing, the nurse or the medical personnel giving the medication must be trained in advance. This is due to the fact that the Vincristine is a vesicant, and may cause severe tissue damage and blistering in case of being escaped from the vein.
The global incidence of leukaemia according to the WHO analysis is higher in males with male to female ratio equal to 1.4. The prevalence is higher in Australasia, Australia and New Zealand, followed by the North America, and Western and Northern Europe. The success rate for treating advanced stages of cancer by vincristine and vinblastine without damaging other organs is still a topic of concern. Efforts are being made in this direction where these drugs can be used in combination so that the side effects can be reduced. However, for the treatment of several haematologic and non-haematologic malignancies, the concept of combination therapies and antibody drug conjugates is being practiced widely in the form of research and in the form of treatments as well on the global level. The current focus is being laid on the targeted drug therapies for the treatment of cancers where only the cancer cells are killed while the normal cells are safe. Antibody drug conjugates do have the ability to differentiate between the cancer cells and the normal cells. This would definitely help a wide range of patients suffering from cancers and in future we would have safe medications for cancers as well.
https://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/01/rsz_1280px-vaccine.jpg216567adminhttps://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/02/Printable-Resolution-big-300x78.pngadmin2023-01-07 12:49:462023-02-11 11:29:14The Potent Anticancer Drugs: Vincristine and Vinblastine
The report published by Knowledge Sourcing Intelligence titled “Wood Vinegar Market- Forecast From 2018 to 2023” studies the various factors affecting the demand for Wood Vinegar across the globe. The report has been segmented by application (agriculture, animal feed, medicinal, and others), by method (slow pyrolysis, intermediate pyrolysis, and fast pyrolysis), and by geography, covering five regions namely North America, South America, Europe, Middle East and Africa and the Asia Pacific, and some of the major economies in each of these regions.
Increasing applications of wood vinegar is driving the growth of wood vinegar market. Growing use of wood vinegar in agriculture applications is attributed to rising demand for chemical-free pesticides and other agrochemicals which is driving the growth of wood vinegar market. Increasing use of energy from biomass is another factor that is boosting the growth of wood vinegar market. Pyroligneous acid is a bi-product formed during the pyrolysis method of biomass which, in turn, has increased its commercial sale across different industries such as cosmetics, agriculture, and pharmaceuticals, thus positively impacting the growth of wood vinegar market. Rapid rise in the shift towards organic farming will continue to bolster the growth of wood vinegar market during the forecast period. However, low awareness regarding the use of wood vinegar for different applications in developing economies is restraining the growth of wood vinegar market.
By application, Wood Vinegar market is segmented into agriculture, animal feed, medicinal, and others. Agriculture segment accounted for significant market share owing growing concerns towards harmful impact of chemical-based agrochemicals on both environment and human health. Increasing demand for wood vinegar to improve soil fertility is also boosting the growth of wood vinegar market.
North America holds major market share
Geographically, Wood Vinegar market is segmented into North America, South America, Europe, Middle East and Africa, and Asia Pacific. North America accounted for the major market share in 2017 owing to the presence of major market players in the region and high demand for organically-grown crops and food. Rising investments in R&D to use wood vinegar in cosmetics and medicines will further drive the growth of wood vinegar market in this region.
This report also includes a study of strategies and product portfolios of some of the leading companies in the Wood Vinegar market. It consists of company profiles of the leading companies- VERDILIFE, LLC, wood Vinegar Australia, Nettenergy BV, TAGROW CO., LTD, Ace (Singapore) Pte Ltd, AGROBOLICS, New Life Wood Vinegar, DOI & Co., Ltd, and Canada Renewable Bioenergy Group.
https://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/01/Wood_Vinegar.jpg165520adminhttps://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/02/Printable-Resolution-big-300x78.pngadmin2023-01-07 12:49:462023-02-11 11:29:14Wood Vinegar Market to grow at a CAGR of 7.80% between 2017 and 2023
Transportation is the backbone of any country and its burgeoning use among the population across the globe due to rapid urbanization is giving rise to the adoption of new kind of mobility services among them. Mobility Services like on-demand riding services that includes ride-hailing/ridesharing, carsharing, bikesharing, mobility-as-a-service, and car rental are the transportation solutions enabled by emerging technologies and wireless connectivity that allow for more convenient and efficient travel. These services are fast gaining grounds not only in developed countries like the United States, Germany, the United Kingdom, and others but also in developing countries like India.
On-demand ride sharing services has expanded at an impressive rate in the past few years. The concept has enabled users to have access to transportation modes for a short-term and as per requirement basis. The burgeoning internet and Smartphone penetration has played a quintessential role for this segment and has led to a number of providers to come up with ridesharing and car rental services. Uber, Ola, Blah-Blah Cars, Lyft, and Turo are some of the prominent players of this industry that have gained significant market share in recent years.
COMPARISON OF FEATURES OFFERED BY FOUR MOBILITY SERVICE PROVIDERS
The industry has attracted a huge investment from the players across the globe that has driven its market growth. Recently, on July 2019, Toyota has invested $600 million in ride-hailing service Didi to strengthen its presence in the shared mobility service market. Cost-benefit associated with them along with the rising consciousness among the customers regarding their travel expenses as the oil prices reach a new high day by day are luring a large pool of customers, particularly the millennial group, to opt for these services. Thus, the on-demand ride services are here to stay are poised to grow at CAGR of 6.25% during the period 2018-2024 as per Knowledge Sourcing Intelligence Analysis.
Shared Mobility and Auto Industry:
Recognizing the emerging trend of ride-sharing and growing concern related to road congestion and air pollution, the government in many countries is promoting such riding services and is taking measures to make policies to promote ride sharing in the country. Recently, in October 2018, the government of India planned model legislation for states that outlined the fiscal and non-fiscal incentives that can be offered to promote shared mobility. They encouraged all modes of shared mobility, including peer-to-peer platforms that provide car rental, carpooling, ridesharing services to the customers. This has greatly benefitted peer-to-peer transportation providers like Uber and Ola that are branching out into short-term car rental services. As a consequence, India car rental market is poised to grow at a substantial rate in the upcoming years.
However, many have speculated that the burgeoning adoption of such services is going to have a negative impact on the automobile sector. As per Nirmala Sitharaman’s statement on September 2019, Union Finance Minister of India, the automobile industry in the country has been under tremendous pressure and one of the contributing reasons for that is the changing mindset of the Millenials who prefers Ola and Uber services over purchasing a new vehicle. On similar lines, a statement was made by Anand Mahindra, Chairperson of the Mahindra Group, in 2015 that the age of access being offered by taxi-hailing apps like Uber and Ola is the biggest potential threat to the auto industry that could impact auto sales and their volume.
Conclusion:
In my view, the business models introduced by the new mobility services will not supplant the automotive sector rather it will contribute in the mobility revolution. Globally, they are a part of a gradual change in travel behavior towards a multimodal system that will allow automakers to adapt to this change and maintain their market position, despite the growing diversification of the transportation sector. This can be substantiated from the fact that automakers like General Motors in March 2018, has launched a kind of Airbnb for cars through its Maven car-sharing unit intending to enter into the car rental space and transition from manufacturer to mobility provider. After GM’s stock stagnated for years as investors worried over peaking car sales, the shares rose to a record high as its services like Mavin and self-driving plans gained traction among the investors. Also, with other automakers investing and partnering with tech companies to leverage the car rental market, the global car rental market is set to grow at a CAGR of 9.18% to reach a market size of US$106.211 billion by 2022 as per Knowledge Sourcing Intelligence Analysis.
With respect to the Indian scenario, the state of automobile sector is due to a number of factors that includes Supreme Court judgment to ban the sales of Bharat Stage 4 vehicle from 1st April 2020 and introduction of BS-VI emission norms. This coupled with GST on automobiles and growing inflation is hurting the consumer’s purchasing power as a result of which they are deferring their purchase of the new vehicle, and are relying on riding sharing services provided by Uber, Ola, and Blah-Blah cars for transportation. This is further backed by Shashank Srivastava, Maruti’s Executive Director, which stated that millennial opting for ride-hailing services like Ola and Uber may not be strong to contribute to the current state of the slowdown as these services came into existence during the last 6-7 years during which auto industry also witnessed its best time.
About the Author:
Shaurya Gupta, a Market Research Analyst at KSI, works on syndicated market research reports on multiple industries spanning from IoT to the automotive industry and have expertise in chemicals domain. With the addition to her formal education in Electronics and Communication, Mathematics, and Chemistry, she is able to provide more light on the macro aspects of the story. To read more articles by her, and for more information regarding multiple global markets, visit www.knowledge-sourcing.com.
https://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/01/new-york-2253292_640.jpg167618adminhttps://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/02/Printable-Resolution-big-300x78.pngadmin2023-01-07 12:49:462023-02-11 11:29:14Are On-Demand Riding Services Going To Supplant New Vehicle Purchase?
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
NOR Flash Memory Market estimated to grow at a CAGR of 3.32% to reach US$2,327.870 million by 2024
Press ReleasesNOR flash memory is a type of non-volatile storage technology. The type of memory that does not require power to store the data is called non-volatile memory. For long term storage or secondary storage, this type of memory is very commonly used.
The report provides detailed forecast and analysis of the NOR flash memory market which is projected to expand at a CAGR of 3.32% over the forecast period 2018-2024. The NOR flash memory market is expected to surge during the forecast period due to the fact that this type of non-volatile memory has many uses in different industries like automotive, wireless, medical and other industrial applications. Moreover, the increasing demand for different and better consumer electronics and communication devices is rising which will bolster the market growth. The NOR flash memory market has been segmented on the basis of type, end-user industry and geography.
Geographically, Asia Pacific is expected to hold a significant share in the market owing to the fact that there has been an increase in the manufacturing of semiconductors in different countries of the region. By industry, the communication industry is expected to hold a significant amount of share in the market due to the usage or NOR flash memory in mobile phones and many communication devices. Furthermore, the upcoming better products and investments by key players will continue to drive the NOR flash memory market in the coming years. For example, in 2018, Micron Technology, Inc., unveiled a new NOR flash product which is enabled by Authenta technology which provides authentication of content and command at a silicon level and also provides additional defenses to IoT devices which can easily increase the security of these devices. Also, another company GigaDevice launched a new SPI NOR flash series which is the smallest in the industry and also designed for usage under low power consumption.
In September 2019, Alliance Memory announced that they have introduced a new 5V Parallel NOR flash memory products in the boot and uniform sectored architectures. The device allows fast and low latency read speeds thereby allowing for both data storage and code execution. Cypress Semiconductor Corp. also announced its new Semper NOR flash memory. The product is defined as a mix of reliability and safety and has different functions in the automotive and industrial applications.
View a sample report or purchase the complete study at www.knowledge-sourcing.com/report/nor-flash-market
Some of the major players covered as part of the report are Cypress Semiconductor Corporation, Macronix International Co., Ltd., Micron Technology, Inc., GigaDevice, and Winbond among others.
This NOR flash memory market has been segmented as follows
Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing research studies spanning across ten industry verticals. We have a combination of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. Driven by industry experts, the company provides syndicated reports, custom research, and consulting services. Our proprietary data analytics model blended with quality primary and secondary research data, assists in generating quality reports providing crucial insights to managers and decision-makers. The services offered by us help companies to gain the required competitive edge. Our expertise across 10 industries such as ICT, Chemicals, Semiconductors, Healthcare among others caters to diverse client needs.
Contact:
Organoid Technology Market Witnessing Substantial Growth
BlogThe market research report on the global organoid technology market predicts the market to grow at a CAGR of 28.11% during the 2018-2024 period. Organoid technology refers to the growing of organs or a miniaturized version of the organs which shows realistic microanatomy. Growing innovations in the field of healthcare, combined with the increasing investments by key market players is estimated to be the main drivers of the market to grow in the years to come.
Increasing expenditure on healthcare research coupled with the growing biotech industry is expected to drive the organoid market growth during the forecast period. Moreover, the ban on animal testing in various regions and the growing ethical concerns over animal source usage is further expected to provide the necessary impetus to the market growth. However, the high initial cost in the industry due to the nascent advances in organoid technology and the strict government regulations owing to its application in healthcare will restrain the growth of the market.
Growing Investments in Pharmaceutical R&D:
The 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, rapid investments to curb the development and manufacturing time of drugs is also one of the focuses of the key market players in drug development. Such steps and actions are thus estimated to positively impact the demand for newer drug development technologies such as organoid technology, thus further instigating the demand for the same.
Organoid Technology Market Analysis By Application:
By application, the global organoid technology market is segmented as cancer research, biomedical research, regenerative medicine, and personalized medicine. Organoid technology for cancer research is estimated to witness a staggering increase in demand over the coming years owing to increasing emphasis on the development of newer cancer treatment methods. For example, in March 2019, JSR Corporation partnered up with Hubrecht Organoid Technology (HUB) allowing JSR to access the HUB’s highly characterized tumor organoid biobank.
Furthermore, the growing prevalence of cancer all around the world has resulted in further pressure on the healthcare sector, which is further anticipated to fuel the demand for organoid technology in the coming years. According to the World Health Organization, global cancer prevalence has risen to 18.1 million new cases and 9.6 million deaths in 2018.
In addition to that, the personalized medicine segment is also anticipated to witness good growth in the coming years owing to the increasing cases of medicinal ineffectiveness to certain patients, and increasing demand for improved treatment solutions. Furthermore, biomedical research and regenerative medicine are also anticipated to hold a good share in the market and grow at a decent pace in the years to come.
Organoid Technology Market Analysis By Geography:
Baby Food Industry Landscape
BlogBaby food is defined as any soft, easily consumed food, other than breastmilk, that is made specifically for infants and toddlers roughly between the ages of 2-6 months to 4 years. Milk formulation, prepared food and dried food, and organic food are the different types of food available in the market to meet the nutrition requirement of the babies. Baby food has become a quintessential part of modern parenting as awareness among the consumers regarding the benefits of baby food has increased. With a large section of women participating in the workforce around the globe, baby food is increasingly being seen as a nutritional supplement to breast milk for babies from birth to 4 years. Due to this, the demand for different types of baby food is spurring from various geographical regions.
Current Scenario in Baby Food Space:
In recent years, the demand for milk formulation has majorly being realized from the emerging countries of MEA and the Asia Pacific. The demand for milk formulation is stemming from the fact that these emerging countries are witnessing substantial growth in disposable income as well as live birth rate. A rapidly evolving economy is leading to greater purchasing power among the population. This coupled with the busy lifestyle of the working mothers are compelling them to opt for breastmilk substitutes which are not only convenient but also nutritious at the same time. In Saudi Arabia, the market has grown at an impressive rate and much of the credit goes to the government initiatives to curb the soaring prices of various baby food products that significantly facilitated the greater adoption of milk formulations among the parents. Furthermore, with Nestle set to launch a new line of milk formula in China, especially small cities, to strengthen its lead in the baby formula market, the demand for milk formulation is poised to grow at a good rate in the upcoming years.
Packaged baby food like purees, cereals, rice rusks, and others have majorly gained traction among the millennial parents. The growing awareness among the parents regarding the nutrient content of the food has majorly led to the greater incorporation of various nutrients in their packed baby food products. Therefore, manufacturers are continually working towards adding value to their product ranges along with implementing a discounting strategy with the retail price. With respect to quality, functional ingredients, healthy fats, and low sugar options are the key priorities for the leading brand. Also, the type of packaging used to package baby food has emerged as one of the prime factors among the parents before deciding a particular brand. Currently, squeeze pouches and tots pouches are raging in the packaged baby food market and key players like Plum Organics and Infantino are providing their packed baby items. For Plum Organics, their Tot pouches are among the fastest-growing segments of their company’s portfolio.
Parents, nowadays, are preferring organic baby food like never before. The rising demand for organic food is substantiated from the fact that an increasing number of products have been launched and investments have been done in the last few years, especially in the North American and European regions. Recently, in September 2019, Nestle has invested US$ 44.15 million in two organic baby snacks production facilities in Portugal to expand its product range. Seeing the potential of organic baby food in countries like Spain, new players like Smileatbaby and Mi menu has entered into the Spanish baby food market. Players like Ebro Foods are increasingly seeing Spain as the lucrative market and has acquired Bioalimentacion Infantil de Andalucia (BIA), in January 2018, to exploit organic baby food sector in the country. Along with this, Thistle, a California-based company that delivers local and organic foods, also jumped into the baby food business with the launch of Thistle Baby. In October 2018, Gerber teamed up with Walmart to test a line of organic baby and toddler foods as an alternative to home-made baby food. Thus, increasing the participation of big players along with the entrants of new players in the organic baby food segment in introducing organic baby food is set to propel the organic baby food market growth.
Booming e-commerce in both developed and developing countries is revolutionizing baby food product sales. The rising propensity of millennial parents towards buying baby food products via online stores is encouraging new players to enter into the baby food segment. In September 2017, Danone invested in French organic food startup Yooji with the intent to increase online sales of various types of baby food for the different age groups. Also, recent investments by Mumzworld and Emaar Properties to launch the new website for Saudi Arabia and UAE market is further propelling the online baby care products growth in the upcoming years, thus impacting the baby food market in the positive sense.
Conclusion:
Currently, milk formulation holds a major share in the global baby food market and is anticipated to witness the fastest growth rate in the upcoming years due to the burgeoning demand from emerging countries. With respect to baby food market trends, it is anticipated that organic baby food that is dried will flourish in the upcoming years with demand being generated from developed regions. The growing need for convenience will continue to play a central role in driving the baby food industry and will attract a lot of new entrants via online distribution channels. Thus, the market will remain competitive in the upcoming years and despite falling birth rate in developed regions, it is projected to show modest growth in the upcoming years.
Green Cement Technology: Current Scenario and Future Prospects
BlogGreen Cement is defined as a cementitious material that either exceeds or meets the functional performance capabilities of an ordinary Portland cement (OPC) by incorporating recycled materials, thus reducing carbon dioxide emission emitted during cement production.
The cement and concrete industry sector together are responsible for around 6-8% of the world’s greenhouse gas emissions. Despite the incremental improvements in process efficiency to produce ordinary Portland cement, its production is still responsible for contributing significantly to the man-made global carbon emissions. In fact, the percentage of countries committed to peaking their emission is expected to increase from 36% in 2010 to 60% in 2030 (source: Emission Gap Report 2018, United Nations Environment Programme). This is correlated with the steady increase in the production of ordinary Portland cement (OPC). In fact, the cement industry is estimated to contribute to approximately 5% of carbon dioxide emissions.
FIGURE: PERCENTAGE OF GLOBAL GHG EMISSION COVERED BY COUNTRIES
Source: Emission Gap Report 2018, United Nation Environment Programme
Therefore, the cement industry is increasingly facing challenges relating to energy sources, carbon dioxide emissions and the use of alternative materials. This is one of the major factors that are compelling the manufacturers to opt for sustainable ways to conduct cement manufacturing, thus augmenting the green cement market growth. As a result, key players in the industry are continually working in the direction of manufacturing sustainable cement through partnerships, investments, R&D, acquisition and launches and significantly propel the green cement industry.
Recent Developments in the Green Cement Technology
What The Future Holds?
FIGURE: RESIDENTIAL CONSTRUCTION IN SELECTED COUNTRIES IN EUROPE, IN % OF GDP
Source: Eurostat
Conclusion:
Therefore, the green cement market size was US$20.535 billion in 2018 and is poised to grow at a CAGR of 9.65% to reach a market size of US$35.680 billion by 2024 on account of growing strictness towards reducing carbon dioxide emission due to construction activities, rising investments in green infrastructure and increasing involvement of the major players to launch sustainable cement for the construction purpose.
3D Printing Leading to Manufacturing Renaissance
Blog3D printing is one of the promising technologies that have the potential to transform mainstream manufacturing. It provides flexibility in the manufacturing of complex geometries at competitive prices and within a low production time. 3D printing is fast gaining traction among various industries. The burgeoning adoption of industrial revolution 4.0 is one of the major factors that is boosting the 3D printing market growth. Competitive pressure and ever-evolving business model are compelling companies to shrink development cycles and move in the right direction with speed and agility. As a result, 3D printing is transforming manufacturing and providing flexibility, customization, time-to-market, distributed manufacturing and much more.
Key Trends in 2019:
1) Burgeoning focus on innovative application
Until now, 3D Printing was limited to prototyping, but now it is being used for spare parts, tools, and bridge production. With application-specific 3D printing truly taking off these days, more and more companies are introducing printers, software, and materials aimed at individual use cases for targeted solutions that are innovative. For instance, Adidas utilized 3D printing technology to make plastic midsoles for the shoes and planned to introduce 100,000 pairs of shoes, by the end of 2018. Also, Singapore-based Structo closed its latest funding round backed by government-linked investor EDBI with an aim to launch automated dental 3D printing technology.
2) Investments drive a new wave of industrial 3D printing
Manufacturing corporates have been pouring funding in the areas of advanced materials from the past few years. Major players like GE and Siemens are continuously looking beyond their R&D and patent portfolios to gain an edge in the 3D printing space. Active players in industrial 3D printing space include GE, Siemens, Autodesk, 3D Systems, and KDT among others. As a result, they have invested in a number of start-ups to propel industrial 3D printing industry growth. Start-ups like Desktop Metal are increasingly backed with corporate funding. For instance, in January 2019, Desktop Metal closed a funding round of $160 million, led by Koch Disruptive Technologies (KDT) to advance the global commercialization of its metal 3D printing technology.
3) Wider adoption of software
3D printing software is an essential tool for the designing and manufacturing of 3D printed models. Software not only enables the users to create and prepare the model for printing but also allow for pre-printing repair and provide control over the production process. The previous year saw a rising awareness of the importance of software in various aspects of the additive manufacturing process. Also, the demand for a user-friendly software interface facilitated the wider adoption of software among the industries. User interface software is also a key tool for 3D printing as they allow the user to control the manufacturing process to improve the quality of the final print. This software is generally shipped bundled with the printer and is designed for a specific printer or technology. The demand for this software is estimated to increase with the increasing sales of medium and high-end 3D printers which include such software with the printer.
4) Material demand set to grow at an exponential rate
The demand for 3D printing materials is expanding at an unprecedented scale owing to the increasing adoption of 3D printing solutions for industrial and residential purposes. The current trend is observing a reversal where materials are developed as per the application. This is particularly beneficial for industries like aerospace and healthcare as they require customized materials with specific properties. Also, with the advancement in metal 3D printing, the demand for the metal as a material is poised to grow at the fastest rate in the upcoming years. Metal 3D printing is fast gaining traction among industries as it is fast, accurate, and cost-efficient. The process is used to manufacture small series parts for testing purposes. The burgeoning need to develop complex geometries with utmost accuracy and speed are the major factors that are boosting the metal 3D printing market growth. Industries like medical, aerospace, automotive and jewelry are already utilizing metal 3D printing for not only prototyping but also for producing complex components that are driving the demand for metal 3D printing in these industries. 3D printer manufacturers consider metal in powdered form as the most desirable material, owing to its performance, to produce 3D printed parts and prototypes.
5) Automation in the area of post-processing
Earlier, post-processing was referred to as “dirty secret” of additive manufacturing and one of the least optimized stages of the additive workflow. Currently, the post-processing operations are manually driven, thus requiring more skilled operators which in turn increases lead time and production costs.
So, steps are being taken to change this and companies that are overcoming these hurdles in the end-to-end additive manufacturing process are the ones luring investments. Investments in post-processing 3D further exemplify a commitment to 3D printing’s future against traditional techniques like injection molding. In October 2019, UK-based post-processing specialist Additive Manufacturing Technologies (AMT) has completed $5.2 million series A funding round to commercialize its post-processing technology intending to launch an integrated digital manufacturing system that will deliver end-to-end solutions from selecting materials to part finishing for any industrial manufacturing process.
Future Prospects:
Currently, 3D printing is fast-moving from prototyping to a viable option for industrial production. The growing need to mass-produce industrial components along with the rising investments in the field of innovative applications will boost the demand for 3D printing. As we look in the upcoming years, more application-driven solutions are expected to come. Thus, the 3D printing market has a bright future ahead and has the potential to grow at an astounding rate of 27.59% during the forecast period. Therefore, the 3D printing market size is expected to be valued at US$39.640 billion in 2024.
The Potent Anticancer Drugs: Vincristine and Vinblastine
Thought ArticlesWith the growing incidences of cancers worldwide, many cancer researchers are finding ways to combat this deadly disease. Also, scientists from all over the world have joined hands for the development of cancer drugs to be administered to cancer patients prolonging their survival. A drug takes several years to reach to the market passing through the various stages of approval. There are at present three main stages of development a drug has to pass, this includes the preclinical, clinical, and post-clinical research. Discovery of new cancer drugs may take place in three different ways: First include the accidental discovery, such discoveries are rare, the second include the discovery of anticancer drugs from the plants, fungi, and animals. While the third includes the study of cancer cells and developing a drug accordingly so that it can inhibit its growth process, leading to the cancer cell death. Moving on to the topic of interest, vincristine and vinblastine, which are the potent anticancer drugs for the treatment of certain cancers which include leukaemia, Hodgkin's and non- Hodgkin's lymphoma, thyroid cancer, brain tumour, advanced stage testicular cancer, and advanced stage breast cancer among the treatment of other cancers as well. These are obtained from the well-known plant Catharanthus roseus, the “sadabahar” plant in Hindi language. Vincristine and Vinblastine are known as clinic alkaloids, known as vinca alkaloids, alkaloids in plants, byproducts of the plant metabolism, play a significant role in providing protection against insect or animal attacks. This property of the alkaloids is exploited for providing protection against diseases in the form of drugs.
The anti-leukaemia drug, Vincristine is in demand, but has a very low yield from the source plant in comparison to the Vinblastine which is more than 1000 times in yield. This has however affected the price as well, the one with lower yield and high demand leads to being highly expensive. Whereas on the other hand, the Vinblastine costs one third of the Vincristine. Hence, to avoid high price, Vinblastine is being used as a parent drug for obtaining Vincristine via structural modifications.
Keeping in view the high price of the above-mentioned drugs, researchers moved on to experimentation with the extraction of these life-saving drugs from the plant-associated fungi. Hence, by the identification of fungi strain for the production of vincristine and vinblastine, the drugs were purified by using Thin Layer Chromatography (TLC) and HPLC, further characterized using UV-Visible spectrophotometer, ESI-MS and H NMR.
The mechanism of action of these drugs against cancer cells include the binding of the intercellular tubulin, in tumor cells, vincristine and vinblastine act by inhibiting the DNA repair and RNA synthesis mechanisms and blocks the DNA-dependent RNA polymerase.
With the generic name, vinblastine, this is available in the market by the brand name, Velban. The trade names for vincristine consist of Oncovin ®, Vincasar Pfs ®. Alternate names include, Vincristine Sulfate, LCR, VCR. These drugs are administered into the patient’s body through IV injection and are well-tolerated. However, some patients may experience discomfort in the form of side effects. At the time of dosing, the nurse or the medical personnel giving the medication must be trained in advance. This is due to the fact that the Vincristine is a vesicant, and may cause severe tissue damage and blistering in case of being escaped from the vein.
The global incidence of leukaemia according to the WHO analysis is higher in males with male to female ratio equal to 1.4. The prevalence is higher in Australasia, Australia and New Zealand, followed by the North America, and Western and Northern Europe. The success rate for treating advanced stages of cancer by vincristine and vinblastine without damaging other organs is still a topic of concern. Efforts are being made in this direction where these drugs can be used in combination so that the side effects can be reduced. However, for the treatment of several haematologic and non-haematologic malignancies, the concept of combination therapies and antibody drug conjugates is being practiced widely in the form of research and in the form of treatments as well on the global level. The current focus is being laid on the targeted drug therapies for the treatment of cancers where only the cancer cells are killed while the normal cells are safe. Antibody drug conjugates do have the ability to differentiate between the cancer cells and the normal cells. This would definitely help a wide range of patients suffering from cancers and in future we would have safe medications for cancers as well.
Wood Vinegar Market to grow at a CAGR of 7.80% between 2017 and 2023
Press ReleasesThe report published by Knowledge Sourcing Intelligence titled “Wood Vinegar Market- Forecast From 2018 to 2023” studies the various factors affecting the demand for Wood Vinegar across the globe. The report has been segmented by application (agriculture, animal feed, medicinal, and others), by method (slow pyrolysis, intermediate pyrolysis, and fast pyrolysis), and by geography, covering five regions namely North America, South America, Europe, Middle East and Africa and the Asia Pacific, and some of the major economies in each of these regions.
Increasing applications of wood vinegar is driving the growth of wood vinegar market. Growing use of wood vinegar in agriculture applications is attributed to rising demand for chemical-free pesticides and other agrochemicals which is driving the growth of wood vinegar market. Increasing use of energy from biomass is another factor that is boosting the growth of wood vinegar market. Pyroligneous acid is a bi-product formed during the pyrolysis method of biomass which, in turn, has increased its commercial sale across different industries such as cosmetics, agriculture, and pharmaceuticals, thus positively impacting the growth of wood vinegar market. Rapid rise in the shift towards organic farming will continue to bolster the growth of wood vinegar market during the forecast period. However, low awareness regarding the use of wood vinegar for different applications in developing economies is restraining the growth of wood vinegar market.
Agriculture segment holds significant market share
By application, Wood Vinegar market is segmented into agriculture, animal feed, medicinal, and others. Agriculture segment accounted for significant market share owing growing concerns towards harmful impact of chemical-based agrochemicals on both environment and human health. Increasing demand for wood vinegar to improve soil fertility is also boosting the growth of wood vinegar market.
North America holds major market share
Geographically, Wood Vinegar market is segmented into North America, South America, Europe, Middle East and Africa, and Asia Pacific. North America accounted for the major market share in 2017 owing to the presence of major market players in the region and high demand for organically-grown crops and food. Rising investments in R&D to use wood vinegar in cosmetics and medicines will further drive the growth of wood vinegar market in this region.
This report also includes a study of strategies and product portfolios of some of the leading companies in the Wood Vinegar market. It consists of company profiles of the leading companies- VERDILIFE, LLC, wood Vinegar Australia, Nettenergy BV, TAGROW CO., LTD, Ace (Singapore) Pte Ltd, AGROBOLICS, New Life Wood Vinegar, DOI & Co., Ltd, and Canada Renewable Bioenergy Group.
Contact:
Follow Us:
Linkedin: https://www.linkedin.com/company/knowledge-sourcing-intelligence
Facebook: https://www.facebook.com/knowledgesourcing
Twitter: https://twitter.com/ksourcingi
Are On-Demand Riding Services Going To Supplant New Vehicle Purchase?
Thought ArticlesTransportation is the backbone of any country and its burgeoning use among the population across the globe due to rapid urbanization is giving rise to the adoption of new kind of mobility services among them. Mobility Services like on-demand riding services that includes ride-hailing/ridesharing, carsharing, bikesharing, mobility-as-a-service, and car rental are the transportation solutions enabled by emerging technologies and wireless connectivity that allow for more convenient and efficient travel. These services are fast gaining grounds not only in developed countries like the United States, Germany, the United Kingdom, and others but also in developing countries like India.
On-demand ride sharing services has expanded at an impressive rate in the past few years. The concept has enabled users to have access to transportation modes for a short-term and as per requirement basis. The burgeoning internet and Smartphone penetration has played a quintessential role for this segment and has led to a number of providers to come up with ridesharing and car rental services. Uber, Ola, Blah-Blah Cars, Lyft, and Turo are some of the prominent players of this industry that have gained significant market share in recent years.
COMPARISON OF FEATURES OFFERED BY FOUR MOBILITY SERVICE PROVIDERS
The industry has attracted a huge investment from the players across the globe that has driven its market growth. Recently, on July 2019, Toyota has invested $600 million in ride-hailing service Didi to strengthen its presence in the shared mobility service market. Cost-benefit associated with them along with the rising consciousness among the customers regarding their travel expenses as the oil prices reach a new high day by day are luring a large pool of customers, particularly the millennial group, to opt for these services. Thus, the on-demand ride services are here to stay are poised to grow at CAGR of 6.25% during the period 2018-2024 as per Knowledge Sourcing Intelligence Analysis.
Shared Mobility and Auto Industry:
Recognizing the emerging trend of ride-sharing and growing concern related to road congestion and air pollution, the government in many countries is promoting such riding services and is taking measures to make policies to promote ride sharing in the country. Recently, in October 2018, the government of India planned model legislation for states that outlined the fiscal and non-fiscal incentives that can be offered to promote shared mobility. They encouraged all modes of shared mobility, including peer-to-peer platforms that provide car rental, carpooling, ridesharing services to the customers. This has greatly benefitted peer-to-peer transportation providers like Uber and Ola that are branching out into short-term car rental services. As a consequence, India car rental market is poised to grow at a substantial rate in the upcoming years.
However, many have speculated that the burgeoning adoption of such services is going to have a negative impact on the automobile sector. As per Nirmala Sitharaman’s statement on September 2019, Union Finance Minister of India, the automobile industry in the country has been under tremendous pressure and one of the contributing reasons for that is the changing mindset of the Millenials who prefers Ola and Uber services over purchasing a new vehicle. On similar lines, a statement was made by Anand Mahindra, Chairperson of the Mahindra Group, in 2015 that the age of access being offered by taxi-hailing apps like Uber and Ola is the biggest potential threat to the auto industry that could impact auto sales and their volume.
Conclusion:
In my view, the business models introduced by the new mobility services will not supplant the automotive sector rather it will contribute in the mobility revolution. Globally, they are a part of a gradual change in travel behavior towards a multimodal system that will allow automakers to adapt to this change and maintain their market position, despite the growing diversification of the transportation sector. This can be substantiated from the fact that automakers like General Motors in March 2018, has launched a kind of Airbnb for cars through its Maven car-sharing unit intending to enter into the car rental space and transition from manufacturer to mobility provider. After GM’s stock stagnated for years as investors worried over peaking car sales, the shares rose to a record high as its services like Mavin and self-driving plans gained traction among the investors. Also, with other automakers investing and partnering with tech companies to leverage the car rental market, the global car rental market is set to grow at a CAGR of 9.18% to reach a market size of US$106.211 billion by 2022 as per Knowledge Sourcing Intelligence Analysis.
With respect to the Indian scenario, the state of automobile sector is due to a number of factors that includes Supreme Court judgment to ban the sales of Bharat Stage 4 vehicle from 1st April 2020 and introduction of BS-VI emission norms. This coupled with GST on automobiles and growing inflation is hurting the consumer’s purchasing power as a result of which they are deferring their purchase of the new vehicle, and are relying on riding sharing services provided by Uber, Ola, and Blah-Blah cars for transportation. This is further backed by Shashank Srivastava, Maruti’s Executive Director, which stated that millennial opting for ride-hailing services like Ola and Uber may not be strong to contribute to the current state of the slowdown as these services came into existence during the last 6-7 years during which auto industry also witnessed its best time.
About the Author:
Shaurya Gupta, a Market Research Analyst at KSI, works on syndicated market research reports on multiple industries spanning from IoT to the automotive industry and have expertise in chemicals domain. With the addition to her formal education in Electronics and Communication, Mathematics, and Chemistry, she is able to provide more light on the macro aspects of the story. To read more articles by her, and for more information regarding multiple global markets, visit www.knowledge-sourcing.com.