Electric Power Distribution Automation Systems Market Competitive Strategies

22 April 2019, The Electric Power Distribution Automation Systems Market is expected to witness high growth over the forecast period due to rising investments in industrial and infrastructural developments globally. Distribution Automation System may refer to an arrangement of communication technologies, intelligent processors and sensors that empowers to organize and screen the electric power distribution. Electric power distribution automation framework is an essential piece of smart grid frameworks. Appropriation mechanization framework gives advantages of proficient and solid operations inside the lattice. The electric force utility distribution automation market has turned into a top need for keen grid utilities.

Other than the unmistakable advantages of enhancing unwavering quality and proficiency inside grid operations, dispersion mechanization framework executions and overhauls have another essential property — the capacity to convey solid quantifiable profit without requiring broad buyer engagement or conduct change. Electric Power Distribution Automation System market has turned into a top need for a brilliant framework utilities, in all cases and around the globe. As of late, progressed metering framework and demand response was the major attention of the business, yet now the utilities are turning their regard for enhancing effectiveness and control in the appropriation section of the grid that lies between the substation and the meter.

Electric utilities must take care of expanding demand for reliable energy distribution while adapting to diminishing resilience for interruptions and blackouts. Like never before, utilities are crushed to accomplish more with less, and perceive the need to enhance the productivity of their energy era and dissemination frameworks. Mechanizing electrical conveyances frameworks by actualizing a supervisory control and data acquisition (SCADA) framework is the standout amongst the most financially viable solutions for enhancing unwavering quality, .expanding usage and cutting expenses.

The major factors driving the business sector are a requirement for mechanization and intelligent systems in electric power distribution. Some of the elements that are disturbing the business sector development are less technological advancements in electric force framework and execution of the framework. Expanding advances for lessening power blackouts and effectiveness of the present dissemination framework is consistently reassuring the requirement for automation of dispersion feeders.

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Subsequently, governments, private conveyance utilities, and administration suppliers, and gear makers are ceaselessly attempting to coordinate their current innovations and grow new ones widely through R&D, to reduction power disappointments and force the impact of utilizing computerized appropriation feeder frameworks.

The Electric Power Distribution Automation System business sector is being driven by the world's increasing demand for more vitality as utilities are confronted with the difficulties of understanding a decent ROI while giving a more an elevated amount of administration to their clients. These difficulties drive the need to conserve energy (particularly the energy lost in the distribution system), concede the working of extra era offices, and enhance client administration.

Worldwide Electric Power Distribution Automation business sector is portioned on the premise of end clients, innovation and geology. By end clients, the business sector can be portioned into producers, business, data innovation, telecom, and numerous others. On the premise of innovation, the business sector is portioned into communication, sensors, checking gadgets, propelled power electronic advancements and some more. By geology, the business sector is sectioned into North America, Europe, Asia Pacific and Rest of world

U.S., Canada, Mexico, the U.K., Germany, China, and Japan are the key markets, where distribution operators and administration suppliers are centering and making huge prospects in this service industry. Europe and Asia-Pacific are in their development stage for distribution automation exercises; therefore, there are high prospects for this administration industry as of late. As indicated by the International Energy Agency's (IEA) World Energy Outlook 2011, by 2015 China will surpass the US, and turn into the pioneer in all-out electric force era limit. By 2035, China will devour almost 70 percent more vitality than The United States. With hazardous development, for example, this, China drives the path in distribution automation.

A a portion of the key players in the business sector are ABB Ltd., Schneider Electric, Siemens AG, GE Corp., S&C Electric Co., Atlantic City Electric Co., ABB, Allis Electric, BPL Global, CG Power Systems, CHINT Power Transmission and Distribution, Cooper Power Systems, Creative Distribution Automation, DC Systems, Echelon Corporation, G&W Electric, GE Energy, Grid Net, Hubbell Power Systems, iESLab, Landis+Gyr, Lucy Switchgear, Motorola Solutions, NARI Technology Development, NetcontrolOy, NOJA Power Switchgear, PCS UtiliData, S&C Electric, Schneider Electric, Schweitzer Engineering Laboratories, Sensus, Siemens, Silver Spring Networks, Tantalus, Tavrida Electric, Trilliant, Xuji

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DSL Network Equipment Market, Competitive Strategies, and Forecasts

15 April 2019, The DSL Network Equipment Market is expected to grow significantly over the forecast period owing to the increase in the number of internet users globally. Moreover, as the internet service providers are growing rapidly in terms of subscriptions, the demand for network equipment is anticipated to grow in the near future. Another standard for DSL that supports gigabit speeds has been endorsed by the International Telecommunication Union Known as G.fast. The manufacturers of network equipment chips such as Broadcom are upgrading their chips to support the upcoming technology. With the introduction of G.fast, internet carriers and service providers are expected to provide a new speed boost to the digital subscriber line equipment.

Average sized organizations have been reliably dividing into a system of smaller areas throughout the previous couple of years. As a result of this pattern, these organizations' interest for top of the line network administrations is relied upon to fall for more cost effective and proper DSL administrations. This is really an open door for administration suppliers to not just offer DSL administrations for this current business sector's littler areas, however to likewise start packaging other related administrations, for example, VPNs, remote system administration and conceivably facilitated applications with this sort of center availability. This sort of technique will unquestionably be key in managing long haul associations with these advancing clients.

Innovation is empowering collaboration, development, and sharing of learning in new ways. DSL chips guarantee to bring noteworthy new broadband for internet access ability making the internet accessible for progressively gainful and proficient use. The quick progress of end to end optical broadband systems keeps on undermining to make xDSL out of date, yet copper will never leave, fiber is excessively costly and also copper works very well and hence need not be replaced.xDSL markets will be solid for some long time to come as copper remains a vehicle line

Indeed, even the DSL clients have a crossover fiber/copper association; it is only the last mile that is copper, subsequently requiring DSL. The communications end directs worldwide are moving toward 100% remote advanced cells that can associate with the Internet. The interchanges framework worldwide will remain wire based to associate the central office to the base stations, and to give Internet/IP based availability to the home. The wire based communications base worldwide is all moving to fiber to handle the expanded interest for data transmission.

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The copper is not efficient for the cable companies because of the demand for bandwidth to the home that the cable companies are providing. The copper is not efficient in the wireless backbone connectivity of the central office to the wireless base stations, and hence there is a priority on replacing the copper that is there first. The copper from the curb or from the neighborhood to toe home is efficient; therefore the need for DSL persists.

The copper is not proficient for the cable companies on account of the interest for transmission capacity to the home that the link organizations are giving. The copper is not productive in the remote spine availability of the central office to the remote base stations, and henceforth there is a need on replacing the copper that is there first. The copper from the check or from the area to neighborhood is effective; accordingly the requirement for DSL persists.

One of the key factors restricting the industry growth is the specialized issues, for example, cross-talk that takes place when utilizing DSL gear. Additionally, early adopters of DSL devices are moving toward the usage of FTTH/FTTB.

Asia Pacific is expected to witness significant demand as countries such as Phillipines, Vietnam and India are gaining high penetration in fixed-line broadband. These countries initially had a very low penetration and are focusing on developments in network equipment owing to the increased demand for wireless and broadband access. The European market is anticipated to witness considerable growth as service providers are upgrading their existing equipment with digital subscriber line equipment.

Key vendors dominating this market include Huawei Technologies, ZTE, Alcatel-Lucent, Nokia Siemens Networks, and Ericsson. The key players are gaining market presence by focusing on customer requirements and product innovation. Moreover, new participants are expected to enter in to the market focusing on both cable modem and DSL technology involving component focus on CMTS and DSLAM.

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Legal Process Outsourcing Market Size, Trends, Services, and Forecasts

10 April 2019, The global Legal Process Outsourcing Market is anticipated to witness significant growth owing to increasing number of corporate law departments and law firms adopting cost cuttings. Most legal work call for lots of documentation and paperwork from corporates. Such complex and time consuming tasks can affect the work efficiency and revenue. Hence, corporates are likely to outsource these legal activities through their representatives to reduce costing. Outsourcing back-end services can help these corporates in managing their internal operations efficiently and reducing operational costs.

Increasing number of legal firms and companies outsourcing their work to LPO’s can augment market growth. Growing need for law advisory firms that can offer process-oriented services using advanced digital technologies can impel market expansion. Advent of innovative digital technologies for easy and fast processing of legal documents can stimulate growth of the market. Increasing use of highly secure software tools and e-discovery to process data is expected to contribute significantly to market growth. In addition, supportive government initiatives to spread awareness among general counsels and public regarding benefits of LPO can drive the market in the coming years. Moreover, growing awareness regarding availability of virtual law assistants and law process automation can spur market growth in the coming years. Virtual law assistants can deliver services using built-in client portals. Such virtual law firms can manage mundane and complex work with professionalism similar to in-house employees.

Variation in regulatory policies on a regional level can restrict organizations from adopting outsource of legal services. Such restrictions among companies can hamper growth of market in the coming years. In addition, security and confidentiality concerns, coupled with ethical implications, can obstruct market growth. Strong initiatives by LOP firms to acquire non-disclosure agreements and certifications, and to build strong service level agreements (SLAs) can create lucrative opportunities for the market. In addition, growing concerns regarding data security and confidentiality among service providers can impel market growth.

The market can be segmented on the basis of services and location. Based on services, the market can be categorized into review and management, compliance assistance, litigation support, e-discovery, contract drafting, and patent support.

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Asia Pacific is anticipated to witness significant growth in the coming years owing to easy availability of well-experienced lawyers. These lawyers have excellent communication skills and lower pay rates than their counterparts in the United States. High-level competency and experience of these lawyers can gain traction among clients and increase their business prospects, thereby boosting regional market growth in the coming years. In addition, increasing number of LPO players in developing countries, such as Singapore, Malaysia, and India, can stimulate market expansion in the region.

The market in North America is expected to expand in the coming years owing to rising demand for affordable yet efficient lawyers. Hiring local service providers can be quite expensive for corporates in the United States, which can impact their business. Hence, these corporates are likely to outsource their legal proceedings to countries where they can find efficient and affordable skilled personnel. Such business strategies can reduce expenses for corporates and allow them to focus on their core operations. For instance, ElevateNext announced its collaboration with Elevate to help companies cut their legal expenses.

Europe is predicted to bode well in the coming years due to rising demand for corporate legal advisors. Increasing number of mergers and acquisitions, and collaborations between multinational companies and large enterprises in various sectors can augment demand for lots of paperwork. Legal paperwork is anticipated to propel the demand for experienced and reliable advisors in the region, which can further stimulate regional market growth in the coming years. Local corporates are expected to prefer onshore service providers owing to data privacy issues. Most companies are adopting business strategies, such as mergers and acquisitions, to expand their business across the globe. For instance, CVC Capital Partners acquired the U.S. based LPO firm named UnitedLex, which offers services to leading corporations, universities, and law firms across the globe.

Some of the leading companies operating in the legal process outsourcing market are Cobra Legal Solutions, LLC, Infosys Limited, Mindcrest, Wipro Limited, and Evalueserve SEZ.

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Medical Gases and Equipment Market Major Competitors and Strategies

09 April 2019, The global Medical Gases and Equipment Market is poised to reach nearly USD 5315 million by 2020. Factors that fuel product demand are growing geriatric population and high incidence of respiratory disorders and emphysema & cystic fibrosis. Rising awareness among consumers & manufacturers about usage & safety of medical gases may augment industry growth over the forecast period (2012 to 2020). Also, popularity of home healthcare devices could positively impact the market.

Medical gases are used for medical treatment and diagnostics purposes. Devices that facilitate medical gases into the human body are known as medical gas equipment. Medical gases and equipment are also employed in biotechnology and pharmaceutical industries for drug discovery, cell culture studies, pharmaceutical manufacturing, and drug development.

Varying requirements of medical practitioners propel the need for technologically sophisticated products, such as integrated multifunctional medical gas cylinders. This could significantly contribute to market growth. Owing to wide gaps in demand and supply of medical gases, emerging economies are expected to be the most lucrative regions in the overall industry. Other market drivers are medical reimbursement facilities and rising disposable incomes.

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The global medical gases and equipment market is segmented as per products and geographies. On the basis of products, the classifications are masks, flow meters, vacuum systems/pumps, regulators, manifolds, medical air compressors, cylinders and accessories, alarm systems, outlets, and hose assemblies and valves. The market for medical air compressors is poised to witness remarkable growth during the forecast period. These devices are used in a host of applications. Popularity of lightweight cylinders with visible & audible alert mechanisms may drive the cylinders market.

Geographically, the worldwide medical gases and equipment market are divided into Asia Pacific, Europe, North America, and Rest of the World (RoW). Sophisticated healthcare infrastructure, high prevalence of respiratory diseases, obesity, and unhealthy dietary patterns make North America the largest regional market. In 2013, this region dominated the overall industry in terms of revenue. However, ongoing market trends suggest that Asia Pacific may register a CAGR approximately 10% till 2020. Regional drivers are high incidence of asthma & chronic obstructive pulmonary disorder (COPD), improved medical infrastructure, and demand for point-of-care based treatments & home healthcare.

Major competitors in the Medical Gases And Equipment Market are Medical Gas Solutions, Air Products Continental, Linde Group, Air Liquide Healthcare, and Matheson Tri-Gas Inc. With a market share above 20%, Air Liquide Healthcare dominated the worldwide industry in 2013. In order to gain higher market shares, companies often engage in business ventures, such as mergers & acquisitions and geographical expansions. New product development is another key area of focus for business success in the long run.

In November 2016, Ceodeux Meditec launched ALPI-CONNECT, a sophisticated terminal unit meant for medical gas pipelines in clinics & hospitals. Equipped with a revolutionary cartridge technology, this gas terminal unit minimizes maintenance costs and saves time. Unlike conventional terminal units which need to be dismantled for maintenance operations, the front cartridge design in ALPI-CONNECT ensures that maintenance tasks are a lot easier. Ceodeux Meditec is a global supplier of medical gas equipment & medical cylinder valves.

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Coal Bed Methane Market Key Manufacturers and Competitive Strategies

08 April 2019, The Global Coal Bed Methane (CBM) Market size is expected to witness steady growth over the forecast period. Shift from conventional energy sources like coal and natural gas to alternative energy is a major driving factor. Rising implementation of energy conservation strategies in developed nations is expected to further fuel expansion. Technological advancements and high energy demand is also anticipated to play a crucial role in rising demand for CBM.

Coalbed Methane

Rising power consumption in primary markets such as U.S., Canada, China, Russia, and Indonesia in light of growing manufacturing sectors is expected to promote use of CBM as energy source. Technological advancements for the introduction of new extraction processes such as hydraulic fracturing for producing CBM in U.S. and Canada is expected to open new opportunities over the years to come. Presence of large coal reserves in China, India, and Australia along with regulatory support to promote new investments in mineral processing is expected to ensure raw material access to CBM manufacturers. This factor is projected to positively influence market over the forecast period.

CBM is an alternative form of natural gas extracted from bituminous and sub-bituminous coals. It is processed as a feedstock to application segments including agriculture, power, petrochemicals, and Liquid Petroleum Gas (LPG). The gas is produced as a by-product of a geological process where a high level of pressure and temperature converts organic matter into coal beds.

Environmental and economic considerations are expected to remain a primary challenge for the industry in near future. Abundant availability of coal bed reserves paves the way for its processing for gas production among oil and gas market players. However, environmental impacts like high level of greenhouse gas (GHG) emissions from the production of CBM is expected to remain a concerning factor for new market entrants. In addition, high level of expenditure for processing CBM is estimated to induce price hike for the final product. This factor may challenge market participants over the forecast period.

North America is expected to remain one of the largest markets in the forthcoming years. Assertive outlook towards construction and automotive sectors in U.S. and Mexico in light of increasing domestic consumption is expected to boost usage of energy and petrochemicals. This trend is projected to fuel demand for coal bed methane as a feedstock for the production of power and petrochemicals.

However, increasing usage of shale gas as a feedstock for production of petrochemicals in the U.S. and Canada on account of rising awareness is expected to pose a substantial threat for coal bed methane industry. In addition, growing concerns over environmental effect associated with the usage of hydraulic fracturing are forecasted to remain a concerning factor for CBM manufacturers over the forecast period.

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High concentration of coal bed gas reserves in Bowen and Surat Basins of Australia in light of regulatory support to promote investments is expected to have a positive impact on market growth. In October 2015, Oil and Natural Gas Corporation (ONGC) announced to commencement of CBM production at USD 400 million in Bokaro and North Karanpura. In August 2012, China United Coalbed Methane Corporation announced its plan to spend USD 1.56 billion to produce coal bed methane as a part of a 30 year agreement. Initiatives, as mentioned above, by various oil and gas manufacturer, are expected to remain favorable factors for coal bed methane industry.

However, high market visibility of conventional sources including natural gas and crude oil in China, India, and Indonesia on account of their low processing cost as compared to unconventional counterparts is expected to have an adverse impact on growth over the forecast period. The robust presence of conventional energy sources in Middle East is projected to reduce the scope of demand for CBM in near future.

Key manufacturers in the global coal bed methane (CBM) market include Quick Silver Resources, Santos, Blue Energy Limited, Halliburton, Dart Energy Ltd., Baker Hughes Incorporated, BG Group, Fortune Oil PLC, Metagasco Limited, and Conoco Philips. The positive market outlook for automotive and construction sectors in China, India, and Brazil in light of increasing demand from end-use segments is expected to encourage industry participants to keep production units in the vicinity. The introduction of Open Acreage Licensing Policy (OALP) in India with effect from February 2015 along with provision of attractive tax benefits is expected to promote the investment in unconventional sources such as CBM over the next few years.

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Phosphate Rock Market Revenue and Growth Rate till 2024

04 April 2019, The global Phosphate Rock Market is expected to reach 268.0 million tons by 2024 as a result of its increasing demand in the downstream sector for producing fertilizers. It is the only global resource which is used in agriculture and fertilizer industry.

The mineral is a vital ingredient used for manufacturing NPK fertilizers. Therefore, the growing demand for fertilizer is expected to be the primary driving factor for the growth of the market over the next few years. Moreover, the absence of substitutes is expected to result in negligible substitution threat.

Additionally, one of the factors for fertilizer consumption growth is directly related to the global increasing calorie consumption per capita. High-calorie consumption foods are becoming popular, with rising prevalence of oilseeds, dairy and meat which are directly increasing the demand for stock feeds, grain, and agricultural production.

Demand for phosphate rock in Asia Pacific was 127.94 million tons in 2016 and is anticipated to maintain its dominant position over the forecast period owing to the presence of numerous agriculture-oriented economies. Rising demand for the mineral as an additive for feed & food as well as manufacturing of industrial chemical coupled with the growth of the manufacturing sector in the region is expected to drive the market. In developing countries such as Brazil, China and India, growing demand for cleansing and detergent agents are projected to drive the market in the coming few years.

Europe and North America has implemented regulations banning the use of phosphate in detergents, as the mineral mixes with water which can result in causing harm to the aquatic life by producing additional phosphorous which results in the death of fish, dolphins, and aquatic plants.

Among fertilizers, food & feed additives and industrial chemicals, fertilizer segment dominates the market by contributing 203.8 million tons in 2016 and is expected to maintain its position during the forecast period. Fertilizers comprise of different compositions of three main crop nutrients phosphorus (P), nitrogen (N), and potassium (K).

One of the major factors that are expected to hinder the growth of the phosphate rock market is the rapid depletion of these reserves and increasing demand for its derivatives as there is no other alternative for these products. The leading manufacturer in these markets is MBAC Fertilizer, Potash Corp, Phosphate Resources Limited, Grange resources, Mosaic, WENGFU Group, Agrium, Shaw River Manganese, Anglo American, and Sterling Group Ventures Inc.

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Key Players Operating in The Vaping Market

03 April 2019, The Global Vaping Market is likely to witness steady growth in the years to come owing to rising health awareness among consumers and increasing number of vape shops. Traditional smoking products contain many cancer-causing elements. This has encouraged the government and private organizations to spread awareness regarding health hazards of tobacco and reduce its consumption. Vaping is considered to be a safe alternative to traditional cigarettes as it is less toxic. Moreover, effects of vaping products are same to that of nicotine replacement therapy (NRT), which, in turn, can supplement market growth in the coming years.

Moreover, smoke released from burning tobacco is harmful to environment. Vaping products reduce the amount of smoke and leave mist, which gets dissolved easily in the air. In addition, they avoid the need for disposing cigarette butts and flicking ash, thereby encouraging safe smoking. Vaping products, such as e-cigarettes, can be effective for quitting smoking, as they are less harmful and release vapor, instead of smoke. Therefore, rising awareness regarding safe, smokeless, and ash-free tobacco is anticipated to boost market growth in the years to come.

Furthermore, launch of new vaping devices is likely to boost market growth in the years to come. In addition, flavor and fragrance manufacturers are focusing on the introduction of new flavors. Different flavors, such as mint, bubble gum, menthol, cola, and mixtures of other fruits, are gaining traction among consumers. This trend is expected to increase the demand for these products in the years to come. For instance, Xiaomi launched MIJIA A&D E-Cigarette that comprises collagen, coenzyme Q10, zero calories, along with vitamin A, C, B6, and B12. It also contains other micro-nutrients, which are beneficial to the body. The A&D cigarette is based on smart automatic induction air flow control and has a lifespan of maximum 500 vaping. The device has an LED light which glows if the user takes a puff and turns off when released.

However, awareness campaigns conducted by the government organizations to avoid use of vamping products, especially among teenagers, are expected to restrict market growth. For instance, in 2018, the U.S. Food and Drug Administration (FDA) launched “The Real Cost” Youth E-Cigarette Prevention Campaign with an aim to educate kids regarding the dangers of e-cigarettes.

Various vaping products are available in the market, however, demand for e-cigarettes is likely to increase in the coming years. Different types of e-cigarettes include modular, disposable, rechargeable, and automatic. Automatic e-cigarettes are activated by inhaling, thereby offering similar experience of traditional smoking. Ease in usage of these cigarettes has increased their popularity among the users. Various components used in vaping include atomizer, method of delivery (MOD), cartomizer, and e-liquid. MOD holds a prominent share in the market. Availability of MODs in different designs, such as regulated and unregulated (box), has increased the demand for e-cigarettes.

E-liquid is anticipated to witness strong growth in the coming years. This could be attributed to introduction of numerous flavors, including tobacco, fruit, dessert, and mixed flavors. Growth of Do-it-Yourself (DIY) trend, where consumers develop their own e-liquid by blending flavors can boost the segment’s growth in the years to come.

North America is one of the lucrative regional markets due to increasing use of vaping devices as an alternative to conventional cigarette and existence of key players. The U.S. is a major contributor to regional market growth. Canada is projected to exhibit remarkable growth in the coming years due to increasing efforts by the government to encourage the practice of these devices, instead of cigarette. Asia Pacific is likely to exhibit fast growth in the coming years due to increasing awareness regarding vaping products.

Some of the key companies operating in the vaping market are International Vapor Group; Reynolds American Inc.; Philip Morris International Inc.; British American Tobacco; and International Vapor Group.

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Contact Lenses Market Regional Outlook and Forecasts

02 April 2019, High incidence of eye related disorders, such as myopia, astigmatism, and hypermetropia may drive the Global Contact Lenses Market during the forecast period (2016 to 2024). The industry was valued over USD 7 billion in 2013. In volume terms, it can grow at CAGR over 3.4% till 2024. Innovation plays a key role in determining market success. Technological advancements in addition to the growing global population are also a major market driver.

The global contact lenses market is segmented on the basis of products, design, usage, and geographies. Based on products, the divisions are soft, hybrid, and RGP (rigid gas permeable). Soft contact lenses are further categorized into daily, weekly, monthly, annual, extended wear, and unplanned replacement schedule. The market for soft lenses is projected to expand at a CAGR more than 6.9% from 2016 to 2024. Factors fuelling this market are rapid population growth and rising cases of presbyopia. Unlike RGP lenses, soft lenses provide greater flexibility and comfort. They are used mostly for the rectification of ametropia.

The various geographies in the global contact lenses market are North America, Asia Pacific, Europe, and Rest of the World. Popularity of online retail portals and greater use of the internet can drive the Asia Pacific market to register the highest growth rate. Widespread adoption of vision correction equipment in China and Japan can positively impact this region in the years to come. North America was the largest market in 2013. Factors propelling this region are high product penetration and rising consumption of disposable lenses.

Companies in the global contact lenses market are Ciba Vision, Bausch & Lomb, Johnson & Johnson, and CooperVision. Johnson & Johnson led the global industry in 2013. Most industry participants take to strategies, such as worldwide market coverage, business collaborations, and branding measures for capturing larger market shares.

Spray Polyurethane Foam Market Analysis and Regional Outlook, 2015 to 2022

01 April 2019, Growing construction activities worldwide is expected to robust Global Spray Polyurethane Foam Market growth over the next six years. Major spray polyurethane foam application includes insulation of buildings with more efficient output compared to other materials. Spray polyurethane foam exists in rigid form which enhances industrial and commercial applications such as refrigerators and thermal insulation of buildings. Increasing applications in end-use industries is expected to drive the spray polyurethane foam market growth over the forecast period. Growing construction and insulation industries owing to urbanization is anticipated to bolster the market growth over the next eight years. Unlike other insulation materials spray polyurethane foam is more efficient on account of energy conservation aspect. Spray polyurethane foam manufacturing process emits less carbon footprints compared to other materials, which is expected to have positive impact on spray polyurethane foam market over the forecast period. Growing environmental concern and stringent government regulations on carbon footprint is projected to boost the spray polyurethane foam market over the next six years. Isocyanates are primarily used for manufacturing spray polyurethane foam. Volatile isocyanates prices are expected to hamper the global spray polyurethane foam market over the forecast period. Isocyanates also impose health hazardous impacts such as asthma during spray polyurethane foam manufacturing process is anticipated to hinder the spray polyurethane foam market growth. Innovations in reducing manufacturing cost and developing low cost bio based spray polyurethane foam are anticipated to generate immense opportunities for the market over the next six years.

On the basis of application, spray polyurethane foam was classified as residential walls, residential roofing, commercial roofing and commercial walls. Residential roofing dominated the spray polyurethane foam application market in 2013 and the trend is expected to continue over the forecast period. Other niche spray polyurethane foam applications include transportation and medical equipment. Spray polyurethane foam can be segmented on the basis of type as open cell and closed cell. Both the cell together covered about 90% of the market and remaining 10% was contributed to one component foam and high density foam in 2013. Open cell spray polyurethane foam is spongy and low cost material majorly used for inner wall insulation and also provides sound resistance. Closed cell spray polyurethane foam is a dense material used as roofing insulation and provide better water vapor barrier. According to U.S. Department of Energy, most of the energy is lost through walls, windows and doors via air medium. Spray polyurethane foam insulation reduces the energy loss by 50% compared to other conventional insulation materials. Spray polyurethane foam also provides better water resistance that decreases mold formation on woods.

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North America dominated the global spray polyurethane foam market followed by Asia Pacific in 2013 owing to growing residential development and environmental awareness. Growing residential buildings renovations and concern about energy conservation in North America are expected to drive the market over next six years. Emerging Asia Pacific economies such as China, India and Indonesia are anticipated to show dynamic market growth over the forecast period on account of increasing spending on residential buildings. Industrialization and urbanization in developing countries is also expected to drive the spray polyurethane foam market growth. Frequent changes in atmospheric temperature during summer and winter in the last decade forced consumers to use cost effective insulations on buildings and is anticipated to boost the market over the next six years. Europe is expected to experience the fastest spray polyurethane foam market growth over the forecast period owing to European Commission stringent regulations regarding environmental impacts.

Some major players in the market include NCFI Polyurethans, BASF Corporation, Bayer Material Science, Lapolla Industries Inc., Premium Spray Products, The Dow Chemical Company, Icynene Inc., Rhino Linings Corporation, Demilec and Certain Teed Corporation. Rhino Linings has developed bio based spray polyurethane foam Insulation and DuraTite. Insulation open cell is used by builders for roofing and DuraTite closed cell is used for interior insulation. DuraTite comprises of non-ozone depletion and less global warming impending blowing agents. This initiative by Rhino Linings is expected to have positive impact on the spray polyurethane foam market over the forecast period.

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