Adhesive and Sealant Market Analysis, Competitive Strategies and Forecasts

30 January 2019, The global Adhesive and Sealant Market is estimated to reach nearly USD 52 billion by 2024 (2016 to 2024 - forecast period). Adhesives are substances which permanently join two surfaces or materials. Sealants, on the other hand, are used to bind the gaps between two materials. They prevent liquid-seepage through openings.

The market had a demand of 11.7 million tons (in terms of volumes) in 2015. Growth of automotives, packaging, and construction industries is anticipated to fuel these volumes till 2024. Infrastructural developments and need for reducing vehicular-weights are the primary market drivers. Strict regulations encouraging bio-based products can challenge market growth.

Bio-based adhesives are gaining prominence due to their low manufacturing costs and eco-friendliness. The adhesive and sealant industry is divided on the basis of technologies, products, applications, and regions. Solvent-based, water-based, reactive & others, and hot melt are the technologies.

Water-based led with over 40% shares in 2015. It exceeded USD 8 billion that year. This segment is predicted to dominate over the next eight years. The same can be credited to its ability to lower VoC (volatile organic content) emissions.

Adhesive products include acrylic, polyvinyl acetate (PVA), polyurethanes, styrenic block, epoxy, ethylene-vinyl acetate (EVA), and others. Sealant products encompass polyurethanes, silicones, acrylic, PVA, and others. Acrylic adhesives generated almost USD 5 billion in 2015. They are used to develop UV light curing and waterborne & heat resistant technologies.

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EVA adhesives accounted for over 400 kilotons (KT) in 2015. They should regain their shares in the near future. Silicone sealants reportedly surpassed USD 2 billion in 2015. They will grow further due to expanding automotives and construction industries.

Pressure sensitive, automotives, footwear, furniture, construction, medical, packaging, and others constitute the adhesive applications. Pressure sensitive tapes, assemblies, packaging, automotives, construction, and others are the sealant applications.

Pressure sensitive adhesive applications were valued over USD 6 billion in 2015. They are expected to generate over 4 KT by 2024, at 4.8% CAGR. Packaging accounted for over 20% demand in 2015. Automotive sealants generated more than 18% demand the same year. They can exhibit 5.4% CAGR till 2024.

Automotive adhesives would grow at about 5% CAGR from 2016 to 2024. Their key applications comprise carpeting, sealing doors & windows, and bonding decorative trims, side moldings, & vinyl roofs.

North America, Europe, Asia Pacific (APAC), Latin America (LATAM), and Middle East & Africa (MEA) are geographies in the adhesive and sealant market. APAC reigned over the global market in 2015, earning above USD 11 billion. Increased budgets for development projects in India, China, & Indonesia may boost regional demand.

North America captured over 20% shares with respect to demand in 2015. It is expected to witness slow growth in the forecast period. The demand for silicone sealants in Europe exceeded 150 KT in 2015. It will expand significantly. LATAM is led by Brazil and followed by Argentina & Mexico.

Major players operating in the worldwide adhesive and sealant market include the 3M Company, The Dow Chemical Company, Henkel AG & Co. KGaA, and H. B. Fuller. Together, they hold more than 45% of the industry.

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Glyphosate Market Analysis, Competitive Strategies, and Forecasts, 2016 to 2024

30 January 2019, The global Glyphosate Market was valued at around USD 5 billion in 2012. It is likely to reach USD 9 billion over the forecast period (2016-2024). Increasing population and the rise in demand for genetically modified (GM) crops are expected to driver of the glyphosate market.

Increase in crop consumption for biofuels and animal feed can propel market growth in the coming years. Moreover, development in the field of genetically modified crops promoting weed resistance is likely to boost market growth. This product helps farmers in reducing the degree of tillage, further positively affect the market.

Glyphosate is used extensively in gardens and home landscaping. It effectively kills annual and perennial grasses along with dandelions, broadleaf weeds, shrubs, poison ivy, kudzu, and other weeds.

Using this product in a large quantity can lead to an increase in immunity in the weeds. Additionally, it can increase the toxicity related risks can also challenge the growth of the glyphosate industry. The market is bifurcated into applications and regions.

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Applications comprise of conventional crops and genetically modified. The conventional crops segment dominated the demand accounting to over 52% of the total consumption in 2014. However, the genetically modified crop based application can exhibit the highest gain over the forecast period.

Regions are divided into North America, Europe, Asia Pacific, and the RoW (Rest of the World). Asia Pacific held the largest market in 2013. It is expected to continue doing so, over the forecast period, owing to the rapid adoption of the product in countries like India and China.

North America can exhibit substantial growth over the eight years. The growth can be attributed to the awareness of the increase in agricultural yield. However, European glyphosate industry held around 15% of market share in terms of total volume, in 2014. However, it is likely to show less demand due to the unfavorable regulations of the region.

Zhejiang Xinan Chemical Industrial Group Company Limited, Monsanto, BASF SE, and SinoHarvest Corporation are some of the major competitors of the global glyphosate market. Monsanto is leading the worldwide market, owing to the role in the introduction and adoption of crops that are glyphosate-tolerant. The players engage in mergers and acquisitions as a part of their strategic activities.

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Synthetic Lubricants Market Analysis and Competitive Strategies, 2016 to 2024

29 January 2019, The Synthetic Lubricants Market is anticipated to register nearly 2 percent CAGR during 2016 to 2024 (forecast period). This signifies considerable market expansion in the same period. Growing end-users, such as industrial and automotives across developing nations, like China and India, should account for the same. These products are highly popular due to their favorable properties as against conventional lubricants.

Some of these properties include wear & tear protection and outstanding thermal stability. These coupled with heavy ‘load holding’ & low ‘friction’ features are also likely to drive market growth in the near future. Innovative technologies, such as ester-based fire-resistant oils are incorporated across different industries & sectors. Moreover, several major OEMs have imposed food lubrication NSF standards to adopt PAO products in beverages, nutrition, & food sectors.

All these factors can open novel market prospects. However, a primary market restraint involves high prices of these products in comparison to their mineral counterparts. Additionally, rising consumption of mineral oils, particularly in India & China, will have a negative market impact over the forecast period. Also, inaptness of PAOs with PAG & other conventional mineral oils may hinder the market in the eight years ahead.

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Expanding automotives & urbanization could also propel market sales. Favorable properties of these lubricants augur well for the synthetic lubricants market. The market is fragmented by products, applications, and geographies. Products consist of esters, PAG (polyalkylene glycol), group 3 (hydrocracking), and polyalphaolefin (PAO). PAO reigned recently and is expected to continue likewise till 2024.

PAO based lubricants are compatible with other mineral & synthetic oils. Their compatibility would propel the market in the eight years ahead. Esters are projected to observe considerable profits (regarding volumes) from 2016 to 2024. Wider adoption of esters across jet engines due to their high thermal stability can positively impact this segment.

In terms of applications, engine oils led the market in the recent past. Sales of automotives in India and China are likely to increase segment demand till 2024. With regards to geographies, Asia Pacific was the biggest market in 2015. Asia Pacific is predicted to experience the highest CAGR over the forecast period.

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Escalator Market Analysis and Forecasts by Type & Services

28 January 2019, The global Escalator Market to reach USD 37.7 billion by 2024. Growth in construction industry at large, urbanisation, and investment in infrastructure are among the key factors which are expected to drive the global escalator market over the forecast period. However, safety concerns related to escalators, especially accidents involving children, presents a concern that may affect the deployment rate of escalators.

Asia Pacific presents potential growth market with China and India presenting key growth opportunities for the market. The said countries are witnessing urbanisation and associated infrastructural growth with the development of multiple commercial establishments including shopping malls. Besides, investment in airports and metro projects are also expected to add to the prospect of the market in the coming years. On the other hand, Europe and North America regions are experiencing growth in the modernization segment.

EscalatorMarket 

Escalator market is segmented by types as step type escalator, moving walkways, and spiral escalators. Among the three types, step type escalators dominate the global market due to more requirement at places such as shopping malls and museums

Moving walkways are majorly used at large establishments such as airports. Moving walkways are installed to ease passenger mobility as these are mostly connected from terminal to the gates. On the other hand, spiral escalators are experiencing substantial growth with increase in innovative designs and architectures.

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New installation market holds major share in developing countries such as china and India. While maintenance segment is relatively strong in terms of revenue contribution due to periodic maintenance and repairs of in-use escalators. Countries such as Germany and Canada are witnessing growth in the modernization service segment.

The market is marked by the presence of multiple active players such as KONE CORPORATION, Schindler, Otis Elevator Company, thyssenkrupp AG, Mitsubishi Electric Corporation, Hitachi Ltd., and TOSHIBA ELEVATOR AND BUILDING SYSTEMS CORPORATION.

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Titanium Dioxide (TiO2) Market Forecast by Manufacturing Process, product and Application

25 January 2019, The global Titanium Dioxide Market is expected to reach USD 27.49 billion by 2024 owing to the increasing demand of titanium dioxide in paper, paint & coating, cosmetics, and plastic industries. In 2014, DuPont titanium technologies started a manufacturing facility in Alamira, Mexico having a capacity of 200,000 tons/year which will help in fulfilling the demand worldwide.

Rising demand for lightweight automobiles is expected to play a vital role in growth of global titanium dioxide market. Materials such as polycarbonates are used in manufacturing of lightweight automotive which have low scratch resistance value. Also, the product is used in various industries such as chemical intermediates, fiber, technical titanium, inks for printer and rubber.

Global titanium dioxide market revenue

Keeping these driving factors in mind, companies are ramping up their production capacity. In 2015, PPG International entered in a partnership agreement with Henan Billions Chemicals Co. LTD. to setup a new manufacturing unit for titanium dioxide which is expected to produce 100,000 metric tons per year to expand its footprint in Asia Pacific. Companies such as Argex Titanium are using unique patented CTL process which involves low cost feed stock material and solvent extraction method to produce high quality product.

Also, companies are focusing on increasing the applications of titanium dioxide int water treatment using techniques such as photo catalysis, in which titanium dioxide is used to speed up the solar disinfection process.

In 2016, paint & coating segment contributed 57.4% in terms of revenue. It was also extensively used in plastics industry, paper industry, inks, and other specialty segments. The growth of these sectors is expected to boost the market positively over the next few years.

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Plastic industry was the second largest segment due to the increasing applications as an excellent thermal stabilizer. In 2016 plastics segment contributed 23.2% in terms of revenue and is expected to grow with a positive CAGR during forecast period.

Paper industry is the third largest user of titanium dioxide and contributed 10.4% in terms of revenue globally. Titanium dioxide is used in manufacturing of decorative papers, these are used in manufacturing of flooring, furniture and wallpapers. Demand for high end furniture is increasing which is expected to boost the demand for titanium dioxide. The paper industry is expected to contribute about 10.4% during the forecast period.

The global titanium dioxide market is expected to grow at a very lucrative rate due to its use in various above mentioned industries. Also, titanium dioxide is used as a substitute for talc and kaolin which in turn is expected to boost the market for titanium dioxide.

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Acetic Acid Market Analysis, Competitive Strategies and Forecasts by 2022

24 January 2019, According to a recent study conducted by Hexa Research, global Acetic Acid Market will be valued at more than $13 billion in 2022. Growing demand for applications like Purified Terephthalic Acid (PTA) and Vinyl Acetate Monomer (VAM) will contribute to this growth. PTA is increasingly being consumed for manufacturing polyester, which is an important constituent of the textile and packaging industries. PTA is expected to witness the fastest growth with a CAGR of more than 4.9% from 2015 to 2022. The total global acetic acid demand for PTA was more than 2,450 kilo tons in 2014, which is likely to rise to more than 3,750 kilo tons in 2020.

VAM is utilized in the manufacture of chemicals like EVA and EVAC. There is growing consumption of these chemicals in the solvents and adhesives industry, leading to rising demand for VAM. Demand for acetic acid in VAM was more than 3,500 kilo tons in 2014. This application segment is expected to grow at a CAGR of more than 3.9% from 2015 to 2022. VAM will be increasingly demanded by developing economies like China, India and Brazil, consequently leading to growth of acetic acid market in future.

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Hexa Research observed that China led the global acetic acid market in 2012 with a share of more than 39% of volumes. A strong manufacturing base and possible expansion of the same in future will contribute to China retaining its market leadership. Asia Pacific followed China in terms of market share, with key demand emerging from India and Japan. The acetic acid industry in Asia is likely to grow at a CAGR of more than 10% from 2015 to 2022.

Hexa Research identifies Celanese, BP, DuPont, Eastman Chemicals, BASF, Wacker Chemie and Jiangsu Sopo (Group) Co., Ltd., among others, to be the key participants in the global acetic acid market. The industry showcases a fragmented nature with several manufacturers operating at varied levels of capacities.

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Aquafeed Market Size, Competitive Analysis & Forecast by 2022

23 January 2019, Global Aquafeed Market size is anticipated to be valued at USD 165.04 billion by 2022, as per a new research report by HexaResearch. Increase in fish consumption for direct and indirect consumer applications is anticipated to drive the market growth. Increasing awareness regarding feed benefits in aquaculture among breeders is likely to drive the demand. Rising nutraceuticals demand such as omega 3 fortified products is expected to drive industry growth. Global aquafeed additives market is expected to reach USD 1.21 billion by 2022.

Amino acids dominated aquaculture additives market and accounted for more than 25% of the total demand in 2014. Increasing demand to maintain proper metabolism and provide proteins to aquatic animals is likely to drive growth. Feed acidifiers are likely to witness highest gains with an estimated CAGR of 6.0% from 2015 to 2022. Feed acidifiers demand has been witnessing a growth as it is effective in controlling diseases including caused by harmful bacteria such as E coli and Salmonella.

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Key report insights suggest:

·         Global aquafeed market size was estimated at 41.62 million tons in 2013 and may reach 96.27 million tons by 2022 growing with an estimated CAGR of 11.1% from 2015 to 2022.

·         Carps were the dominant end-use consumers in aquafeed industry and accounted for 28.6% of the total demand in 2014. Carps are rich source of omega-3 fatty acids which prove to be beneficial in food & beverage industry to reduce cholesterol level among consumers. Molluscs are likely to witness higher gains with an estimated CAGR of 11.3% from 2015 to 2022

·         Asia Pacific dominated the regional aquafeed market and accounted for 65.2% of the total volume in 2014 and likely to witness highest growth rates. Predominant aquaculture industry coupled with government preference to boost aquafeed demand particularly in China, Thailand and India is likely to drive regional growth.

·         Europe is expected to witness above average growth rates of 11.2% from 2015 to 2022. Europe aquafeed additives market is estimated to reach USD 200.9 million by 2022, with feed acidifiers anticipated to witness maximum gains.

·         Aquafeed industry is fragmented with different companies having variety of products. Prominent companies involved in this market are Dibaq Aquaculture, Addcon Group GmbH, Biomar, Ridley and Altech, Inc.

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Image Sensors Market Analysis by Technology and Application

23 January 2019, According to the Recent Research Study by Hexa Research, global market of image sensor is estimated to reach over USD 12,030 million by 2020. Image sensors are mainly used in Tablets and Camera phones. Hence, rapid growing demand and use of these devices is likely to be major factor for growth the Image Sensor Market. Image sensor detects and conveys that information that constitutes an image. Image sensor shipments were expected to cross around 1,797 million units in 2012 globally. They are estimated to reach 3,009 million units by the year 2020, with growing CAGR 6.6% from 2015 to 2020.CMOS image sensors provide numbers of profits counting super image quality more than their CCD counter parts. In 2012, CMOS image sensors dominated the market globally, contributing for over 82% of total shipments. Contact image sensors need less power and can also be used in smaller devices, this segment is expected to grow at CAGR for around 5.1 % from 2015 to 2020.

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Report also stated that, Consumer electronics was expected to be the leading application segment in last few years in volume and cost terms, fueled by rising demand of tablets and mobile phones. Growing demand and usage of camera in Defense sector is expected to fuel the market demand in next five years. Few of the these systems need to be accessed on batteries on field, By which cosmos sensors use on less power that plays a fundamental role for global market demand. CMOS sensor enables the electronic pan and stabilization when there is low light sensitivity. These CMOS sensors cannot be used for scanning purpose. Europe and North America is expected to grow rapidly in next few years. With increased awareness of application of sensors, favorable government rules and regulation and also rapid growth in automobile industry is the major reason for development of Image sensor market globally.

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Tissue Engineering Market Analysis, Competitive Strategies and Forecasts, 2016 To 2024

22 January 2019, The global Tissue Engineering Market was valued to be around USD 23.2 billion in 2015 and further expected to exceed USD 94.7 billion at a growing of CAGR 23% over the foreseeable period. Growing needs to bridge the gap between organ demand & supply are expected to drive the industry demand in the near future. Growing popularity in a variety of sectors including urological products, neurology, burn treatment etc. is also anticipated to boost the market growth. Organs developed using this method have high efficiency and durability. Rising applications of this method from surgical treatment of tissues and prosthetics to liver, corneal, cardiac tissue engineering is said to propel the growth from 2016 to 2024. The global market is categorized as applications and regions.

Tissue Engineering

The applications include GI & gynecology, cancer, cord blood & cell banking, skin or integumentary, urology, dental, musculoskeletal, spine, orthopedics, neurology, and cardiology & vascular. The orthopedic application sector occupied more than half of the total market share in 2015. The sector is further expected to continue leading the market on account of the increased number of bone implants due to accidents as well as a geriatric population base. The neurology sector is one of the fastest-growing application sectors since it has the wider scope for development. In addition to this, a significant amount of research in the neurology sector is also anticipated to drive the sector growth.

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Regionally, North America dominated the global tissue engineering market in 2015 accounting for the largest share. It is further projected to continue its dominance even during the forecast period. This can be attributed to the presence of leading players in the region and high financial support for R&D from the government as well as some private organizations. The Asia-Pacific region is expected to be the most lucrative region in the near future. This is mainly because of the existence of immense manpower and highly developed procedures coupled with government funding. The European market is said to register reasonable growth prospects due to the presence of stringent regulatory rules.

Major players in the tissue engineering market are acquiring and working in partnerships with small-scale companies so as to influence technology & research advancements and to expand the product portfolio. Some of the key players include Sanofi S. A.; CryoLife Inc.; StemCells Inc.; and BioMimetic Therapeutics Inc.

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Automotive Air Filters Market Size, Competitive Scenario and Forecasts

21 January 2019, Automotive Air Filters Market is likely to cross over USD 6 billion by the end of 2020. According to the new research report by Hexa Research, The growing demand of automotive industry, especially in nations like BRIC, with growth in industrialization and increase in disposable income to remain a key driving factor in the global market. Rising consumer awareness regarding health disorders that are caused due to contaminated air the car cabin is also estimated to have a positive influence on industry. Global automotive air filters segment was dominated by Cabin filters which contributed for over 50% of total market revenue in 2013.These product segment are expected to be the fastest growing product segment at an approximate CAGR over 8.5% from 2015 to 2020.Consumers’s focus towards the reducing the bad odor and reducing the health disorders caused by air pollutants inside the vehicles is estimated to increase demand for cabin filters over the forecast period.

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Largest application for automotive air filters market was Passengers cars which contributed for around 51.3% of market revenue globally in 2013.With growing passenger’s cars ownerships especially in emerging markets of Brazil, India and China are likely to drive air filter demand in passenger cars. The demand for Automotive air filter is estimated to grow for two wheelers with CAGR for around 8.3% from 2015 to 2020. In 2013, Aftermarket dominated automotive filter demand contributing for total 49.1% of market revenue. Major regional market for Automotive Air filters were Asia Pacific, estimated to grow at the CAGR of around 8.4% from 2015 to 2020.

In 2013, Major Market participants were accounted for around 50% of market revenue. The market had experienced acquisitions and mergers in last few years. The market is about to move towards consolidation in upcoming years. Few leading participants operating in market are Mahle Industries, Mann + Hummel, Cummins and Affnia.

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Automated Fare Collection (AFC) Market Competitive Strategies and Forecasts, 2016 to 2024

18 January 2019, The Automated Fare Collection Market is anticipated to be valued beyond USD 8.5 billion by 2024. Automated fare collection systems are the combined modules, which facilitate the automated ticketing system for public transportation network. They offer a constant and incorporated platform for all the actions concerned with the fare gathering with equipment such as ticket checking machine, ticket vending machine, and automatic gate machine.

These systems are chiefly used in a several high transit areas counting huge commercial workplaces, government buildings, and public transport ports. The increasing demand for proficient, automated, and tranquil transportation is spurring the requirement for automated fare collection systems.

The escalating focus on improving the transport infrastructure, safety measures, and simplicity for the purchaser is likely to stimulate the industry growth in the near future. However smooth revenue collection and initial high cost of setting up can influence the automated fare collection systems, thereby, propelling the overall market demand during the forecast period (2016-2024).

The global market can be segmented by technologies, components, systems, system components, and regions. Technologies are magnetic strip, smart Card, NFC, and OCR. Components consist of hardware software. Systems include fare gates, ticket vending machine, ticket office machine, and IC cards. Market systems components are ticket vending machine by component, ticket office machine by component, fare gates by component, and IC cards by components.

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Key regional segments in the market comprise North America, Europe, Asia-Pacific, the Middle East & Africa (MEA), and Latin America. Europe dominates the total AFC market and is strongly followed by the North American market due to developed transportation communication.

The overall automated fare collection market is extremely competitive in nature. The key manufacturers are NXP Semiconductor, Omron Corporation Thales Group, LG Corporation, Advance Cards Systems, Fare Logistics, and Samsung SDS.

Strategic mergers & acquisitions and partnerships and are projected to be the most successful strategies for market players to acquire a competitive benefit in the promising markets. Also, this will potentially augment their technological capability. There has been a novel trend of partnerships among the transit service suppliers and product makers for the integration and interoperability of systems.

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China Bioprocess Instruments Market Size and Forecast by Type

17 January 2019, The China Bioprocess Instruments Market is expected to reach USD 3.06 billion by 2024 owing to the improving economy, rising aging population and increasing prevalence of chronic diseases. Moreover, increasing demand for single-use instruments in disposable applications is anticipated to augment the growth over the projected period.

China was the second largest pharmaceutical market in the world, expected to grow USD 173 billion by 2024, growing at a CAGR of 9.1% owing to the requirement of medication & drugs to cure deadly diseases. Huge investment in biotechnology will primarily drive the growth of the market, as pharma companies deal in innovations for developing medicines and drugs in line with the increasing prevalence of diseases.

ChinaBioprocess Instruments Market

With the patents of numerous biopharmaceutical products expiring by 2016, the market is anticipated to provide a lucrative opportunity for contract manufacturers operating in the region. Approval of the trail plan for new drug marketing authorization holder (MAH) in 2016 to produce, conduct clinical trials, and market the products is expected to provide an impetus to the growth of the industry over the next few years.

Increasing demand for bioprocess instruments in the pharmaceutical, research & development, industrial and medical laboratories coupled with the increasing number of these facilities is expected to result in the growth of the market. Change in lifestyle & food consuming habits, and growing levels of air & water pollution have led to increasing occurrence of disease including obesity which has resulted in a rising number of patients diagnosed with cancer, heart disease, diabetes and other chronic conditions. Thus, the healthcare sector is anticipated to create demand for treatment and laboratory services, which will result in the growth of bioprocess instruments market over the forecast period.

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Stringent regulatory policies and the high cost of instruments are likely to restrain the bioprocess instruments market in China. The government has been focusing on reducing the fragmentation in the industry by consolidating manufacturers that lack standards in production with larger companies. This move will help in preventing the quality risks and sub-par manufacturers entering the market. Shortage of skilled labor is another challenge in the growth of bioprocessing industry.

Koninklijke Philips N.V., Thermo Fisher Scientific Inc. and Becton, Dickinson and Company were the top three companies in the market in China in 2016. Companies are extensively investing in R&D for innovation and new product development. In addition, companies are adopting the strategy of merger and acquisition to expand their product portfolio.

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Fruit Preparation Market Forecast by Product and End-use

16 January 2019, Global Fruit Preparations Market was valued at USD 8.4 billion by 2024 owing to rising demand for convenience food, changing lifestyle, and preference towards ready to eat food. Constant product development along with introduction of new flavors in fruit products are expected to increase the demand for fruit preparations over the forecast period. Additionally, rising number of fruit spread brands in region-specific markets coupled with rising investments by large retailers in storage of perishable food items will also drive the market growth.

Global Fruit Preparation Market Revenue

The global fruit preparation market is experiencing consistent changes. Rising number of private labels in the market has resulted in fragmentation of the global market. The rising demand for organic and natural products is changing the market dynamics. Manufacturers are concentrating on providing organic fruit products to the consumers as the consumers have become health conscious. The increasing preference for organic fruit preparations is influenced by the increasing awareness about the benefits of organic foods over the conventional forms. Multiple players in the market are offering organic products to cater the market demand. For instance, Crofters Food offers fruit spreads which are organic in nature.

The purees segment dominated the fruit preparations market in 2016 and is expected to retain its position over the forecast period pertaining to continuous demand from European countries. Increasing adoption of western food culture by Asian countries followed by continuous improvement in production infrastructure such as China and India are expected to fuel the market demand for fruit preparations over the forecast period. The Asia Pacific regions is expected to have the highest growth rate over the forecast period, besides taking the focus of vendors such as AGRANA, which has consolidated its presence in the region.

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Puree segment dominated the market in 2016, buoyed by the demand in fruit purees made up of bananas, apples, strawberries, and mango. In addition, the end-usage of puree in products such as fruit juices and yogurts has also added to its demand growth in the market.

The market for fruit preparations is marked by the presence of multiple companies having presence across various regions. With the prevailing penetration in the relative mature western markets, companies are focusing on expanding their presence to potential growth economies in various regions including Asia Pacific. The trend is expected to continue over the forecast period, where vendors are more likely to consolidate their presence in countries such as China and India. Some of the prominent players in the market are AGRANA Beteiligungs-AG, Cargill, Incorporated., Bischofszell Nahrungsmittel AG, Valio Oy, and Adolf Darbo AG.

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Microbial Enhanced Oil Recovery Market Forecast by Application, Injection Method

16 January 2019, The global Microbial Enhanced Oil Recovery (MEOR) Market is estimated to be worth USD 1.32 billion by 2024 driven by the depleting levels of recoverable crude oil in existing wells. The increasing depth at which crude oil can be extracted coupled with the limited technology for direct extraction has paved the way for such advanced techniques.

Companies such as Titan, BP, and DuPont have been focusing on refining the technology owing to its several benefits including low cost and compliance with environmental protection laws. Products patented by these companies is expected to result in these companies gaining the leading position in the market over the next few years.

Microbial EOR Market Revenue

Several oilfields across the U.S., China, India, and Saudi Arabia have been implementing MEOR to optimize profits with minimum set-up cost and fewer compliance violations. Several oilfields in North America have been applying the technology making it the largest market in 2016 valued at over USD 650 million. Conducive environmental conditions resulting in the maximum action of microbes and nutrients has led to the successful implantation of MEOR over the past few years, and the dominating trend is expected to continue over the forecast period.

The mode of injection of microbes depends on the terrain surrounding the oilfield. For instance, cyclic microbial recovery and microbial selective plugging are the most viable choices for MEOR in India, while microbial flooding recovery shows zero effect on the wells in the country.

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R&D to develop microbes suiting varying environmental conditions is expected to result in Asia Pacific exhibiting an inclination towards utilizing the technique. Although contributing to 7.4% of the global microbial enhanced oil recovery market share in 2016, the region is expected to witness the fastest growth over the next few years.

The maximum level of activity of microbes in onshore fields has resulted in the segment contributing to the highest revenue share in 2016. The focus of companies on developing microbes for offshore oilfields is expected to lead to opening new opportunities for the growth of the market over the projected period. Companies such as Statoil are focusing on developing solutions for offshore oilfields. The successful trial of their products is expected to result in them gaining a monopolistic lead in the MEOR market.

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