Blockchain Technology Market Impact of COVID-19, Product and Revenue Analysis, 2025

The global blockchain technology market is estimated to reach USD 57,641.3 million, by the end of 2025, and is anticipated to grow at a CAGR of 69.4% over the forecast period, 2019 to 2025, according to a new report by Million Insights. Blockchain technology helps to monitor all types of cryptocurrency transactions. This technology works as a record-keeping & electronic transaction & record processing system. This solution enables users that are connected over the network to track data through a secured network, thereby, eliminating the need for third party authentication.

The market is anticipated to propel at a rapid pace due to various benefits such as minimized error rate, elimination of reconciliation, and reduction in record delicacy. Blockchain technology solution makes the database to be universal and allows different institutions to utilize the same. This universal access at the same time increases the efficiency of the system.

Market Share Insights

Leading players in the market include Microsoft Corporation; Linux Foundation; IBM Corporation; Deloitte; BTL Group; R3; Chain Inc.; Global Arena Holding, Inc. (GAHI); Circle Internet Financial Limited; Eric Industries; Ripple; and Post-Trade Distributed Ledger.

Companies are engaged in investment for new technology development and collaborations to increase their presence across the world. For instance, in 2019, Icertis has collaborated with Microsoft Corporation to develop an enhanced blockchain framework to deliver high efficiency.

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Regional Insights

In 2018, North America accounted for USD 612.3 million in the overall market. This growth is contributed to the rapid adoption of innovative solutions in the countries such as Canada, and the U.S. Blockchain technology is widely used in the government, retail, and the BFSI sector for payment transactions, smart contracts, and digital identity detection solutions.

The Asia Pacific is projected to grow at a significant rate owing to the rising financial sector across countries like India, and China. In banks, for managing the Know Your Customer (KYC) documents, blockchain technology is utilized. Furthermore, growing research initiatives for developing blockchain solution is predicted to support market growth. For example, in 2018, the Chinese academy of sciences has announced the development of a new lab in the country.

COVID-19 Impact Analysis

The outbreak of COVID-19 has negatively impacted the global blockchain technology market. COVID-19 crisis has disrupted the supply chains network of all industries and their commerce business. Blockchain technology is expected to be critical for the potential rebuilding of the disrupted networks. This technology provides transparent and secured data on transactions and goods services.

Amid COVID-19 blockchain in the finance sector is expected to grow at a faster pace than other industries. Data storage, goods authentication, and food tracking applications involve financial transactions, which are projected to contribute to market growth.

Furthermore, the online gaming trend is on rising during the coronavirus pandemic, as people are staying at home. These online gaming applications are expected to proliferate digital currency usage, which, in turn, is boosting the need for blockchain technologies.

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Internet of Things (IoT) Analytics Market Regional Outlook, End Users and Impact of COVID-19, 2025

The global analytics of things or internet of things (IoT) analytics market size is projected to value at USD 57.3 billion by 2025, as per a new report published by Million Insights, registering a CAGR of 29.7% from 2017 to 2025. The rising demand for cost-effectiveness and advanced technologies are surging the demand for analytics of things. These solutions enable users to access real-time information. Deployment of useful data has turned out to be easier owing to high-tech sensor integration. The use of extracted data helps enterprises to make timely decisions.

Cost reductions of components and ease of deployment are also stimulating the use of analytics of things. IoT analytics can be used for several applications like infrastructure management, security management, and building automation. It further caters to the analysis of large volumes of data extracted by IoT. Moreover, it enables connecting, transforming, processing, aggregating, and managing real-time insights. The analytics of things solutions provide benefits like scalability, real-time reviewing, and cost optimization to businesses. These factors are expected to stimulate the internet of things analytics market over the projected period.

Market Share Insights

The major industry participants include Google; Amazon Web Services, Inc. (AWS); Greenwave Systems; Cisco Systems, Inc.; Hitachi, Ltd.; International Business Machines (IBM); and Hewlett Packard Enterprise Development LP.

Companies are emphasizing offering innovative and cost-effective solutions. These are extensively investing in R&D activities to deploy innovative solutions and have a competitive edge in the market. Leading market players have opted for strategies like mergers & acquisitions and expansions, apart from building partnerships and product development to gain momentum in the market.

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Vertical Insights

The healthcare & life sciences segment is expected to witness the fastest growth from 2017 to 2025. Leading technology industry players are aggressively investing in resources for acquiring a greater share in the IoT healthcare market. IoT enables data storage, analysis, and recording. It further helps in reducing healthcare operational costs and errors. Moreover, rising competition is motivating businesses to cater to the analytics of things to gain a competitive edge in the market.

The manufacturing segment is expected to observe substantial growth in the upcoming years. Several enterprises in the heavy machinery & construction, industrial machinery, oil & gas, and transportation & logistics sectors are using analytics of things for optimum utilization of assets. Manufacturing companies largely prefer cloud-based solutions like predictive maintenance results. IoT analytics provide better manufacturing processes and link products, people, and machines to an integrated system. Manufacturers provide ease in monitoring data insights deployed by analytics of things.

Regional Insights

North America held the dominant position in the market in 2016 due to the presence of established players like Amazon Web Services, Inc. (AWS); Hewlett Packard Enterprise Development LP; Google; Cisco Systems, Inc.; Hitachi, Ltd.; and others. Advance adoption of innovative technologies in different sectors like transportation & logistics, manufacturing, and healthcare & life sciences is positively impacting the regional market.

The demand for analytics of things in the North American regions is expected to increase due to the penetration of mobile computing, social media, and IoT devices. Countries like China, Japan, and India are emerging as developing countries in the Asia Pacific. The adoption of social media & the internet in these countries is rising thereby, boosting the market in the near future.

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Plant Cell Culture Equipment Market Impact of COVID-19, Product and Development Study, 2025

The global plant cell culture equipment market size is expected to value at USD 1.05 billion by 2025, according to a new report by Million Insights. The overall market is expected to grow at a CAGR of 13.1% throughout the projected years. The need for transgenic crops is increasing due to several advantages provided by these crops like improvement in the productivity, quality, and yield and the creation of insect-resistant cultivators for crops. The genomes of transgenic plants are modified with genetic engineering methods to produce new traits or species to the plant. Lodging an integration of genes in a crop makes it highly productive.

Moreover, transgenic plants are produced to fulfill the particular requirements of the pharmaceutical industry. The evolution of different genetic engineering methods is anticipated to boost the market in the near future. Plant cell culture equipment is a lucrative renewable source of vital medicinal compounds, fragrances, flavors, and colorants; which are hard to be developed by microbial cells or chemical synthesis. Plant cell culture technology allows the manufacturing of crops that provide better yield along with resistance to pathogens and severe weather conditions. Furthermore, this technology can be adopted for offering a constant and reliable source of plant pharmaceuticals.

Market Share Insights

The key players in the market include Tecan Group Ltd.; Thermo Fisher Scientific, Inc.; LGC Limited; Geneq, Inc.; Conviron; and LabRepCo. Strategic partnerships and innovative product manufacturing processes are done by these players are driving the market growth. For example, Greiner Bio-One International GmbH, in February 2017, introduced an innovative product namely CELLdisc for heavy cell culture. It is an instrument that abides cell culture surfaces ranging between 1,000 cm2 up to 1 m2.

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End-use Insights

The laboratory segment held dominance in the global plant cell culture equipment market in 2017 owing to the presence of numerous research laboratories using cell culture methods to study various fundamental and applied properties of higher plants.

The greenhouse division is expected to register the highest CAGR from 2018 to 2025. A greenhouse is mainly incorporated with air filter equipment, illumination controller, temperature & humidity controller, and computer control system.

Application Insights

The breeding segment held the largest share in 2017 due to the number of techniques developed for plant breeding that use plant cell structures to restore plants. Plant cell culture provides various benefits in plant breeding. Furthermore, it helps to increase the nutritional content, improve resistance against pests, abiotic stresses like drought and cold, and diseases. The plant research segment is expected to register the highest CAGR over the forecast period due to the presence of numerous government-backed biotechnological research and study activities in emerging economies.

Regional Insights

North America is expected to account for the largest share while Asia Pacific is expected to register the highest CAGR from 2018 to 2025. Due to the presence of natural resources, Canada has been an eminent player for a long time in the agricultural sector with its aggressive investments in research and development activities. This has led to Canada’s large network of universities and research centers engaged in agtech research. For example, New Energy Farms, a Canada-based organization, in 2014, entered into a licensing agreement with Syngenta, a Switzerland-based firm for the commercialization of the planting methods in Brazil.

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Temporary Labor Market Trends, Capacity, Production and Impact of COVID-19, 2025

The global temporary labor market size is projected to touch USD 673.43 billion by 2025, according to a new report by Million Insights. The market is projected to register a CAGR of 6.4% over the forecast duration. The need to employ extra labors in additional projects during peak working periods are supplementing the market demand.

With the evolution of various technologies such as Virtual Reality (VR) and Augmented Reality (AR), the demand for skilled labor has increased significantly. Small and large enterprises are hiring temporary employees to reduce the cost of the projects and increase the efficiency of their operations.

Further, governments across the globe are introducing various programs such as smart cities construction, healthcare schemes and others. Additionally, countries are also introducing programs for guest workers where workers from other countries work in host countries. For example, H-2B and H-2A programs in the U.S allow owners of the farms to bring workers for different tasks including agricultural and non-agricultural.

Market Share Insights

Major players in the market include Allegis Group, ManpowerGroup Inc., Robert Half International Inc. Westaff, Hays plc, Randstad N.V, Kelly Services, Inc., Persol Holdings Co. Ltd and Adecco. These players are engaged in designing new products and services with an aim to get a competitive edge in the market. For example, ManpowerGroup Inc. launched IntelliReach, which will digitalize management tools.

Further, players are emphasizing mergers and acquisitions to strengthen their dominance in the market. For example, Adecco, in September 2017, acquired Biobridge LLC to expand its base in professional staffing offerings in the field of medical devices, pharmaceuticals, and biotechnology.

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Regional Insights

In 2018, Europe occupied the largest market share by value and accounted for USD 149.61 billion. The rise in the number of temporary workforce in manufacturing sectors including automobiles is proliferating the growth in the region. Further, the demand for temporary labor is projected to grow with an increasing number of enterprises in Europe.

On the other hand, Asia Pacific is predicted to grow at a steady rate over the next few years. The introduction of several healthcare programs by governments is anticipated to fuel the demand for temporary healthcare workers in the region.  For example, the Indian government has introduced different healthcare programs such as Pradhan Mantri Swasthya Suraksha Yojana (PMSSY), National Aids Control Program, and National Vector Borne Disease Control Program (NVBDCP). Such schemes are projected to create the need for temporary laborers, thereby, attributing to the growth of the market.

COVID-19 Impact Insights

The temporary labor market has witnessed a mixed response owing to the outbreak of COVID-19. The pandemic has led to the closure of various activities including manufacturing, mining, and construction among others. The social distancing norms and growing focus on curbing the COVID-19 spread have led to labor migration, consequently, affecting the market growth.

However, with the systematic reopening of economies, the demand for temporary labor is rising owing to their easy and cost-effective procurement. The significant drop in the temporary labor requirement has caused unemployment both skilled and unskilled labor, this makes the availability of labor easy.

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Dehydrated Garlic Market Impact of COVID-19, Product Outlook & Development, 2025

The global dehydrated garlic market is projected to reach USD 2.9 billion by 2025 and anticipated to grow at a CAGR of 3.3%, over the forecast period, from 2019 to 2025 according to Million Insights. The market growth is majorly driven due to the increasing health awareness of dehydrated garlic among consumers. This product improves the cholesterol level that reduces the risk of heart diseases and improve immunity. Furthermore, the increasing popularity of garlic in broth and soups in restaurants, as it helps to improve the kidney function, is anticipated to fuel the market growth over the forecast period.

Easy availability, different varieties, high consumption in cuisines with affordable prices is projected to witness favorable growth of the market. The hassle-free delivery coupled with several discounts is influencing the online sales channel growth. After roasting, garlic has softened flavors such as delicate, balanced, and nutty flavors. Hence, it is widely used in sauces, pickles, stir-fries, and more dishes. It complements chili, basil, ginger, onion, beans, and seafood.

Market Share Insights

The major companies include in the market are Ganesh Dehy Foods, Apple Food Industries, SHANDONG YUMMY Food Ingredients CO., LTD., AsianFood Export, Jiyan Food Ingredients, Garlico Industries Ltd., Harsh Impex, KOHINOOR FOOD INDUSTRIES, Nature Exports Co., and Natural Agro Food. This market is projectedto have moderate entry barriers that could create high attention of SMBs in India and China. Rising demand for natural and organic products with various offers on dehydrated garlic is driving intense competition among manufacturers.

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Distribution Channel Insights

In terms of volume and revenue, the offline segment accounted for the largest market share, in 2018. This largest market share is attributed to the easy availability of dehydrated garlic at stores and most of the consumers are dependent on supermarkets for the supply of dehydrated garlic. The physical verification and easy availability of a wide range of forms directly affect the purchasing decisions of buyers. Moreover, many consumers rely on the manual network rather than online platforms. Thus, the above factors are expected to drive the segment growth over the forecast period.

The online sales channel is projected to grow with a higher CAGR of over 3.0% in terms of revenue over the forecast period, 2019 to 2025. The increasing popularity of e-shopping, e-retailing among millennials is anticipated to open new avenues for this segment. Moreover, the huge assortment of several forms of dehydrated garlic is possible through the online channel. E-retailers such as Indiamart and Alibaba are the leading players for the market growth. Negotiation of price and assortment of vendors is a key advantage of online channels, thereby expected to have potential growth over the forecast period.

Regional Insights

In 2018, Asia Pacific held the largest market share of 35.0% in terms of volume due to the high intake of garlic as the main ingredient in Chinese and Indian cuisine. The application of dehydrated garlic enhances the taste of the dish. This product has several health benefits such as maintains the health of the lungs, stomach, and spleen. The thioallyl ingredient in garlic acts as an elixir, leading to longevity. In addition, Chinese herbal physicians used it to treat platelet clumping, protect from cancer, heart diseases and help to improve overall immunity.

Impact of COVID-19

The outbreak of COVID-19 has witnessed a significant impact on dehydrated garlic market growth. Lockdowns in several countries have led to a shortage of food and vegetables owing to restrictions for border crosses by governments. It has been observed that people have changed their eating habits and lifestyles. Therefore, the demand for essential commodities and spices including fresh/dehydrated garlic has increased. Moreover, growing awareness regarding the health benefits of dehydrated garlic among people has increased demand globally. Dehydrated garlic is majorly produced in emerging economies such as China and India. Thus, several countries like U.S., Australia, Egypt, Israel, and among some other countries are importing spices including dehydrated garlic from India due to supply chain disruption in China during a pandemic.

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Fish Sauce Market Factors Affecting Buying Decision and Consumer Behaviour Analysis, 2025

The global Fish Sauce Market scope was projected at US$ 15.32 billion in 2018. It is expected to reach US$ 19.50 billion by 2025 with a CAGR of 3.51% during the forecast period. This could be attributed to an extensive demand for fish sauce in the form of condiments in various cuisines. Industry manufacturing on the part of fish sauce implies combining fish essence, coloring, preservatives, flavoring, and sweeteners. Vietnam is the largest consumer of fish sauce due to the fact that the Vietnamese believe in the nutritional value of conventionally made fish sauces. These sauces are reported to have nitrogen at the highest level. The second-largest consumer of fish sauce in China. It is an ingredient for soups and casseroles in Southern China.

Players:

The players contributing to the fish sauce market include Teo Tak Seng Fish-Sauce Factory Co. Ltd., Rungroj Fish Sauce Co. Ltd., Thaipreeda Group, TANG SANG HAH Co. Ltd., Fish Marine Resources Development Co. Ltd., Viet Phu, Inc., Rayong Fish Sauce Industry Co. Ltd., Pichai Fish Sauce Co. Ltd., and Halcyon Proteins Pty. Ltd.

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Market Segmentation:

The fish sauce market is segmented on the basis of product, application, distribution channel, price, and geography. By product, the segmentation goes like Southeast Asian, Japanese, Korean, and Western. By price, the market says premium and basic. By application, the fish sauce industry spans domestic use, food industries, restaurants, and others. By distribution channel, it comprises indirect sales and direct sales. Indirect sales could be further segmented into wholesalers, specialty stores, supermarkets, hypermarkets, online retailers, convenience stores, and others. By geography, it constitutes Asia Pacific, MEA, LATAM, Europe, and North America.

Regional Insights:

The Asia Pacific dominates the market due to the reasons mentioned above. Besides, a rise in disposable income coupled with urbanization catalyzes the market. In North America, the U.S. is the major contributor. Europe is witnessing growth in demand for dietary supplements and functional foods. This factor is expected to hold the hopes strong for Europe.

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Biosimilars Market Business Environment Analysis, Industry Opportunities & Challenges, 2025

The scope of the global Biosimilars Market was appreciated by US$ 4.36 billion in 2016. It is projected to touch US$ 61.47 billion by the completion of 2025. It is likely to increase at a CAGR of 34.2% during the period of forecast. The most important biological medicines are upcoming the patent precipice. This is the greatest noteworthy motivating feature for the market. For example, Roche’s Mab Thera/Rituxan (rituximab), a monoclonal antibody biologic was accepted by the U.S. Food &Drug Administration (FDA) during November 1997, and its patent was taken in the U.S.A, terminated in September 2016. Several companies for example Pfizer, Amgen, and Boehringer Ingelheim are concentrating on the development of biosimilars medication of rituximab.

Biosimilars are extremely matching to accepted biological medicines. They have alike medicinal possessions using the effectiveness, safety, and potency of original biologic goods. Greater occurrence of long-lasting illnesses for example anemia, cancer, lack of development hormone, and diabetes, is likely to additionally power the growth of the market during the upcoming period.

Classification:

The global biosimilars market can be classified by Application, Product, and Region. By Application, it can be classified as Growth Hormonal Deficit, Oncology, Chronic and Autoimmune Complaints, Blood Disorders, and others. By Product, it can be classified as Recombinant Glycosylated Proteins, Recombinant Non-Glycosylated Proteins.

Companies:

Some of the important companies for the biosimilars market are Mylan N.V., Samsung Bioepis, Teva Pharmaceutical Industries Ltd., Sandoz International GmbH, Amgen Inc., Biocon, Pfizer Inc., Dr. Reddy’s Laboratories Ltd., and F. Hoffmann-La Roche Ltd.

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Drivers:

The price efficiency of biosimilars medicines and the greater occurrence of long-lasting complaints all over the world are round about the most important reasons for funding to the development of the market.

Entire prices of healthcare have augmented owing to the greater costs of patented medicinal preparations, particularly biologics. The administrations of numerous nation-states are stressing the creation of price-operative medication. The U.S.A. is well-known as the nation having the maximum health expenses. It has newly put stress on decreasing the expenses on healthcare. In the same way, price guidelines in Japan and the abridged budget of healthcare in India, have elevated the demands for price repression. This fetches the necessity for developing reasonably priced, better-quality, effective and new-fangled treatments. Hence, hard work to bring down healthcare payments is expected to increase the biosimilar market.

Restraints:

Strict rules by the government for the development and manufacture of biosimilars could hamper the development of the biosimilars industry. Precise strategies are delivered by numerous governing establishments to uphold the care profile and efficiency of planned medications. Dissimilar controlling organizations comprising China Food & Drug Administration, European Medicines Agency, U.S. Food & Drug Administration (FDA), have varied guidelines for endorsements of the medication. The existence of diverse guidelines makes the endorsement procedure of biosimilar medicine extremely time-consuming and tiresome.

Regional Lookout:

By Region, the global biosimilar industry can be classified as North America, Europe, Asia Pacific, and the Rest of the World (RoW). Due to the existence of definite controlling background for biosimilars and the most important biopharmaceutical companies for example GlaxoSmithKline, Merck, AstraZeneca, Johnson & Johnson, Sanofi, Pfizer, and Novartis, Europe has retained the biggest share of the market using an income. Additionally, the finely honed structure of healthcare and an increasing number of product presentations have powered the development of the local market.

Europe was tracked by the Asia Pacific. It was responsible for the most important share of the market during 2016. Increasing demand for less costly healing products and greater occurrence of long-lasting illnesses in the Asia Pacific are backing the development of the local market. Growing concentration on the developments of the product in the nation-states comprising South Korea, India, and China is an additional foremost reason that motivates the market.

North America is estimated to witness a greater CAGR for the duration of the forecast, owing to increasing efforts from the companies to tap development openings in Canada and the U.S.A. The biosimilar controlling path of the U.S.A. was shaped in March 2009, and ever since and there the area has increased substantial momentum, giving fresh openings and challenges. In March 2015, the Food & Drug Administration (FDA) of the U.S.A. permitted the first biosimilar product, Zarxio (filgrastim-sndz).

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Biologics Market Retail Channel Analysis, Profit Margin Study and Competitive Rivalry, 2025

The scope of the global Biologics Market was appreciated at US$ 276.6 billion during 2015. It is expected to reach US$ 399.5 billion by the completion of 2025. It will progress at the CAGR of 3.9%. Outline of targeted treatments together with increasing acceptance of patient centric custom-made medication is expected to power the demand. Always growing understanding of the cell structure and pressure, along with the features involved in the manufacturing of protein and appearance of heterologous gene, have permitted the usage of dissimilar alive factories.

These alive factories are the eukaryotic and prokaryotic cells. Improvement of the functionality of the medicine over attaining effective folding of protein and post translational alterations is helpful for estimated degree of development.

The biologics or biologic medicine is a manufactured using alive creatures or else comprise constituents of a live animals. They can be resulting from the bacteria, animal or humanoid by way of utilizing methods of biotechnology. Biologics comprises products for example recombinant therapeutic proteins, gene treatment, allergenic, vaccines, tissues, somatic cells and blood & blood constituents. Maximum biologics are multifaceted combinations that cannot be categorized or identified without any difficulty. These are sensitive to heat and prone to bacteriological adulteration.

Companies:

Some of the important companies for biologics market are Johnson & Johnson Services Inc., Merck & Co. Inc., Sanofi, Amgen, Cell Trion, Samsung Biologics, Novo Nordisk A/S, Pfizer Inc., AbbVie Inc., Add gene, F Hoffman La Roche and Eli Lilly & Company. Additional notable companies are: Lund beck, Genzyme, AstraZeneca, Smiths Medical, Retractable Technologies, Inc., Novartis AG, GSK Biologicals, Bayer AG, Terumo Corporation, Becton, Dickinson & Company, and Unilife Corporation.

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Drivers:

The driving factors of the biologics market consist of large trade-marked tag medicines are losing extensions of their patent, increasing occurrence of long-lasting sicknesses and their diagnoses all over the world, augmented obtainability of cutting-edge diagnostics, increasing initiatives by government in healthcare and rising technical progressions in research and development through the world by giant medicine manufacturers to bear competition and capitalize in incremental invention. Additional reasons growing the demand for biologic medicines consist of increasing governing convergence and superior admittance to healthcare for altogether nation-states. Increasing acceptance of the state-of-the-art remedies for the treatment of numerous complaints will too enlarge the development of the market for the duration of the forecast

Restraints:

The restricting factors for the market consist of difficulty in production, because the medicines are extremely multifaceted in nature. They need to be treated under strongly measured situations, preserved during the course of the manufacturing procedure. This category of atmosphere and the processes of quality control are not effortlessly obtainable in not as much of urbanized nation-states. Ecological adulteration requires to be removed from the procedure of production. Additionally, biologics are tremendously prone to the circumstances of heat and light, and require exceptionally good cooling procedures. This is not existing consistently all over the world. Similarly, strict governing necessities for the market endorsement of biologics may possibly will restrict the market for biologics for the duration of the specified time structure.

Classification:

The global biologics industry can be classified by Manufacturing, Illness Type, Product, Source, and Region. By Manufacturing, it can be classified as In-house, Subcontracted. By Illness Type, it can be classified as Hematological Disorders, Immunological Disorders, Oncology, Cardiovascular Disorders, Infectious Diseases, and others. By Product, it can be classified as Monoclonal Antibodies, Antisense, RNAi, & Molecular Therapy, Vaccines, Recombinant Proteins. By Source, it can be classified as Mammalian, Microbial and others.

Regional Lookout:

By Region the global biologics market can be classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Due to the existence of important recognized companies in this region, North America ruled the market, by way of income generation. Furthermore, greater demand for the products for the treatment of illnesses is qualifying for bigger share of income. Moreover to this, the pharmacological companies of the U.S.A. constitute 80% share of the world’s R&D in the sector of health care biotechnology. The said point is helpful for the projected income of North America.

The Asian contract companies are providing substantial funds so as to grasp the share in market. Companies like Wuxi Biologics and Samsung Biologics are expected to motivate the development in the sector of Asia.

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Liquefied Natural Gas (LNG) Market System Estimates and Regional Trend Analysis, 2025

The global Liquefied Natural Gas (LNG) Market is projected to reach US$ 20.6 billion by 2025 with a CAGR of 12.7% during the completion of the prediction period. Liquefied Natural Gas implies a collection of gases, largely of methane and additional gases for example Nitrogen, Propane, Butane, and Ethane. It has been chilled to a state of liquid. It is stored at a temperature of approx. -260° Fahrenheit, to store and transport. The size of natural gas, in the form of its liquid condition, is around 600 times lesser than the size of its gasiform state. This procedure makes it possible to carry natural gas to locations where the pipelines are not reachable.

Wherever the transportation of the natural gas, by way of the pipeline, is not possible it is carried in its liquefying state, for a lengthier distance to those marketplaces, which are excessively far away from the areas of production and cannot be directly connected to the pipelines. The natural gas can be transported in specific tankers to depots all over the world, in its compacted liquid form. At these stations, the liquefied natural gas is reverted to its gassy state and conveyed by way of a pipeline to plants of power generation, supply companies, and industrialized customers.

Aimed at huge capacity marine transportation, liquefied natural gas is laden on ships having a dual body. These are utilized for insulation and safety purposes together. When the ship reaches the delivery harbor, liquefied natural gas is relieved into finely protected storing tanks, and then again gasified for entering into the grid of pipeline circulation.

It can likewise be transported in lesser capacities, frequently over smaller marine distances. There is increasing use of lesser-scale deliveries of liquefied natural gas. These are, most frequently, completed utilizing similar vessels on trucks and in transnational trade, particularly prepared with cryogenic containers.

This natural gas is utilized in several businesses comprising rotary kilns, manufacturing, fluid bed dryers, construction, sector of power generation, mining, food processing, furnaces, and dairy products. Apart from businesses, owing to the low percentage of the release of carbon, it is likewise utilized as an alternate fuel in several transportation methods for example vehicles run on natural gas, ships, trucks, and rails. It is likewise utilized by domestic consumers for heating and cooking.

Companies:

Some of the important companies for the liquefied natural gas market are Chevron Corporation, Exxon Mobil Corporation, British Petroleum Plc, Royal Dutch Shell Plc., CNOOC, China National Petroleum, Veresen Inc., Qatar Petroleum, Dominion Resources, Cheniere Energy, BG Group plc, Sinopec Group, Woodside Petroleum, Sempra Energy, Kinder Morgan, ConocoPhillips, Apache Corporation, and Qatar gas Operating Company.

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Drivers and Restraints:

The global liquefied natural gas market is estimated to propagate by way of increasing consumption of energy, increasing municipal inhabitants, growing demand for natural gas-powered automobiles, fast-tracking of financial development, and growing inclination for liquefied natural gas in emerging financial prudence.

Important inclinations and developments of this market comprise growing export of this natural gas, additions of capacities, mounting demand for liquefied natural gas bunkering, rolling developments, increasing commercial market, and growing change in the direction of modular equipment.

Classification:

The global liquefied natural gas industry can be classified by End Users and Region. By End Users, it can be classified as Industrial, Power Generation, and others.

Regional Lookout:

By Region, the global LNG market can be classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific has appeared as the most important area for liquefied natural gas owing to the growing capability of liquefaction and exports, along with growing imports by South Korea, China, and India.

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Visible Light Communication (VLC)/Light Fidelity (Li-Fi) Market Raw Material Outlook & Restraint Analysis Report, 2024

The global Visible Light Communication (VLC)/Light Fidelity (Li-Fi) Market was projected at US$ 454.8 million in 2015 and is anticipated to touch US$ 101.30 billion by the completion of the year 2024. The technology of light fidelity is meant for the wireless communication amid the devices utilizing the spectrum of visible light and infrared to transfer information and location. For the broadcast of visible light, merely LED lamps can be utilized in its present-day condition.

In terms of technology it can be referred to as a visible light transport network system, which is able to conveying information by high speeds above the spectrum of infrared and visible light. The communication is fully networked wireless, high speed, and bi-directional. It provides access to multiple user and mobility.

By way of the continually developing technologies for example Internet of Things (IoT), and 5G wireless broadband, the technology of light fidelity is certainly going to expand to the numerous additional arenas of applications for example education, aviation, healthcare, and retail. It will entirely alter the presently existing business verticals in the world today.

The technology of light fidelity can connect faraway and aloof topographies through the nation that cannot be touched over the optical fiber. It is extensively utilized in projects of smart city. Upsurge in government investment in the projects of smart city increases the demand for light fidelity.

Companies:

Some of the important companies for light fidelity market are Firefly Wireless Networks, Plain tree Systems, Panasonic Corporation, Casio, Axrtek, Oledcomm S.A.S, LVX System Corp., Koninklijke Philips, Acuity Brand Lighting Inc., Lucibel, Light Pointe Communications, IBSEN telecom, Byte Light, Avago Technologies, Pure Li-Fi, Light bee Corp., and General Electric Company.

Additional notable companies are IDRO Co. Ltd., Zero1 Pte Ltd, Siemens AG, Velmenni, Renesas Electronics Corporation, Qualcomm Technologies, Inc., Sun partner Technologies, Yuyang D & U Co., Ltd., Wipro, LLC, FSOna Networks Corp, LG Innotek Co., Ltd, Semicon Light Co., Ltd., Bridge lux, Inc.

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Drivers and Restraints:

Increasing demand for wireless internet connection and growing necessity for high speed and protected technology of data transmission having negligible interference are the most important issues motivating the development of the global visible light communication (VLC) market. Growing usage of LED lights in light fidelity due to its fewer consumption of energy, extensive life span, low-slung price, and easy obtainability, are bolstering the global market.

Additionally, the growing demand for higher bandwidth, rewards linked with visible light communication (vlc) technology, and great development in the Research & Development activities to overwhelm the practical challenges are estimated to motivate the global market for the duration of the forecast. Yet, absence of alertness regarding the technology of light fidelity hampers the development of the market.

Classification:

The global light fidelity (Li-Fi) market can be classified by Application, Type, and Region. By Application, it can be classified as Underwater Communication, Healthcare, Automobile, Indoor Networking, Security & Defense, Electronics, Aviation & Aerospace, Advanced Tracker, Smartphone, Standalone Tracker, Retail and others. By Type, it can be classified as Photo Detector, Light Emitting Diode (LED) Lights, and Microcontroller.

Regional Lookout:

By Region the global visible light communication market can be classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe headed the global market by means of value. Furthermore, Asia Pacific region is likely to observe the maximum development for the duration of the forecast. Upsurge in usage of wireless data in tablets, laptops and smartphones owing to increasing inhabitants and speedy development in the region is projected to motivate the market for the duration of the forecast. Furthermore, growth in the demand for completely protected, bidirectional and highspeed wireless communication is projected to increase the market within the area.

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Car Care Products Market Raw material Outlook, PESTEL Analysis, Impact of COVID-19 & Type Estimates, 2027

The global car care products market size is projected to account for USD 16.69 billion by 2027, as per a new report by Million Insights. It is projected to register 4.2% CAGR over the forecast years. The rise in the sales of automotive vehicles and increasing preferences among consumers for maintenance of vehicles are driving the growth of the market.

Product Insights

Depending on the product, the car cleaning product segment held over 30.0% share in the car care products market in the global revenue. The demand for dry car washing has surged in the recent past owing to growing environmental concern and convenience offers by the product. Dry wash help remove the light dirt without causing any damages to car paint.

Glass cleaning products are used to clean mirrors, windshields, and headlights. Windshield washer fluids led the market and they are available concentrates form. Antifreeze additives are mixed with these fluids in cold areas to avoid frost formation on the car screen.

The interior cleaning products segment is projected to register 3.2% CAGR over the forecast duration owing to the increasing demand for maintenance of car interior. Leather cleaner and upholstery cleaner provide deep cleaning and remove grime and dirt available on the interior of the body.

Market Share Insights

Owing to the presence of several local and international players, the market is fragmented. Players such as Tetrosyl, Turtle Wax Inc., 3M, and Armor All hold a significant share in the market. However, these players face increased competition from regional players. The Asia Pacific provides a lucrative opportunity for the market players owing to a rapid rise in the automotive industry. In addition, owing to the rising sales of luxury cars, the demand for polishes and wax is anticipated to increase, as a result, projected to fuel the market growth. Several key players present in the market are Cartec B.V., Turtle Wax, Armor All, 3M, MAFRA S.p.A., Sonax GmbH, and Chemical Guys among others.

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Regional Insights

North America accounted for more than 38.0% share in the market due to the rising demand for luxury cars and the growing use of mini trucks. The rise in the sales of luxury vehicles and the presence of key market players in the region are key factors driving regional growth. Mexico, on the other hand, is witnessing increased demand for automotive, therefore, offering a lucrative opportunity for the market players.

On the other hand, Asia Pacific is projected to witness considerable growth over the forecast duration owing to the rise in the number of on-road vehicles in China and India. Factors such as the presence of leading car manufacturers and the growing penetration of electric cars in the region are anticipated to proliferate the market growth. However, the trade war between the United States and China is anticipated to cause disruption in the market.

COVID-19 Impact Analysis

The car care product market has been negatively affected owing to the outbreak of COVID-19. The pandemic has led to the closure of several car care shops across the globe, which resulted in a sudden drop in growth. Further, car wash businesses were required to adhere to COVID-19 norms such as social distancing and other safety practices, which led to low demand. In addition, the pandemic also affected the Do-It-yourself (DIY) car services owing to the weak supply chain caused shortage of car care products. Nonetheless, with the resumption of various economic activities, the demand for car care products is gaining traction. China, in particular, is witnessing increased sales of automotive vehicles.

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Luxury Hair Care Market SWOT Analysis, Penetration, Impact of COVID-19 & Growth Prospect Mapping, 2027

The global luxury hair care market size is anticipated to value USD 31.50 billion until 2027. It is also expected to register 5.9% CAGR over the forecasted period, 2020 to 2027. The increasing disposable income of the millennial population coupled with rising awareness about hair care products is projected to propel the market growth.

Product Insights

In 2019 the shampoos product segment held the dominant share of around 31.4% across the global luxury haircare market. Rising consumer demand towards the adoption of shampoos having organic and natural ingredients is expected to drive a major contribution towards the market growth for this segment.

The product segment of hair coloring is anticipated to register the fastest growth from 2020 to 2027. The shifting trend towards the adoption of at-home hair coloring and treatment is estimated to contribute majorly towards the growth of this segment. Moreover, increasing usage of luxury hair coloring products in the salons is further expected to fuel up the market growth.

Market Share Insights

The global market is characterized by several prominent players that account for the majority of the sales. The key players operating in the market are SEVEN, LLC, L'Oréal, Kao Corporation, Alcora Corporation, KOSÉ Corporation, and Estee Lauder Companies.

Strategies like acquisitions, product development, collaboration, and innovation are being carried out by these players to widen their product portfolio and geographical reach. For example, Kao Corporation had declared acquisition over Oribe in 2017 for USD 441 million.

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Distribution Channel Insights

The segment of specialty stores held the dominant share of around 31.0% across the global market in 2019. This share can be attributed to the rising inclination among consumers for physical verification of the product before making the buying decision. Also, features like a wide product portfolio, expert suggestions, and discounts offered by these stores are anticipated to propel the market growth.

The segment of e-commerce is expected to register the highest CAGR in the upcoming years. The rising adoption of smartphones and the internet among the millennial population coupled with the emergence of e-commerce platforms are expected to augment the growth for this segment in the upcoming years.

Regional Insights

The Asia Pacific held the dominant share of around 39.3% across the global luxury haircare market in 2019. The increasing adoption of natural and organic shampoos across countries like India and China is expected to drive market growth. Moreover, external factors like rising disposable income among the millennial population and shifting trend towards usage of premium products are anticipated to further fuel up this growth.

North America is anticipated to witness significant growth in the upcoming years. This can be associated with the increasing consumer demand for premium hair care products and rising online spending on the purchase of personal care products across this region. But, the market is witnessing stiff competition due to the emergence of the direct-to-consumer sales channel.

COVID-19 Impact Analysis

The market has been negatively impacted due to the COVID-19 pandemic. The imposition of lockdown and restrictions over the movement of cargo has severely hampered the supply chain. Moreover, shutting down of salons due to the risk of the spread of viruses along with the lack of skilled laborers in these salons is anticipated to hinder the market demand for luxury hair care products. But, rapid technological advances undertaken by the players like the usage of organic ingredients are expected to drive the market growth.

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Ceramic Sanitary Ware Market Forecast Report, Sales Channels Analysis, Impact of COVID-19 & Scope, 2025

The global ceramic sanitary ware market is projected to reach USD 80.2 billion by the end of 2025 and expected to grow with a CAGR of 10.4% over the forecast period, according to a new report published by Million Insights. Rising consumer awareness regarding the personal hygiene and sanitation through the help of government supportive initiatives are expected to propel the market growth. For instance, in October 2014, government of India has launched the Swachh Bharat Abhiyan campaign.The campaign has helped government to increase the sanitation coverage from 41.92% in 2014 to 63.96% in 2018. Thus, projected to bolster theproduct demand in the forthcoming years. Furthermore, the growing adoption of ceramic sanitary ware in hotels, restaurants, Malls, and corporate offices are expected to bolster the market growth over the forecast period.

The growing demand of products among the consumers, due to its cost-effectiveness, high resistance properties against chemicals & scratches, and low maintenance cost are expected to aid the market growth in the upcoming years. Furthermore, with the rising competition in the market,companies are compelled to provideinnovative designs, textures, and colors products. Moreover, it is alsohelping companies in differentiating the products, thus providing a competitive edge in the market.The toilet sinks & water closets segment has captured the largest market revenue share in 2018 and anticipated to dominate over the next few years. Further, rising investments by key manufacturers for product development and new product launches are expected to accelerate the market growth over the forecast period.

Market Share Insights

The leading players in the market include Duravit AG; Villeroy & Boch; RAK Ceramics; Toto Inc.; Hansgrohe; Grohe AG; Kohler; HSIL, among others. The market players are adopting various strategies such as product innovation, collaborations, merger & acquisition, and partnership, in order to capture the higher market share and gain a competitive edge over each other.

For example, The Tokoyo based company LIXIL Group has acquired the Sentini Sanitary wares in 2018. Moreover, with the help of these acquisitions company will be able to expand its geographical presence in emerging countries like India and China.

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Regional Insights

North America has accounted for more than 20% of market revenue share in 2018, owing to growing consumer awareness about luxury sanitary products with aesthetic appealing the U.S. and Canada. Furthermore, the growing availability of products with unique designs, color variants, and glossy finish features is anticipated to augment the product demand in the region. The growing innovations and high penetration of advanced technologies in the region are expected to create huge growth opportunities for the market in the region.

Asia Pacific market is expected to grow with the fastest CAGR during the forecast period, 2019 to 2025. Growing development in the real estate industry coupled with the rising disposable income of middle-class consumers in emerging countries such as China, India, and Indonesia are projected to boost the regional product demand in the forthcoming years. Furthermore, changing lifestyles, rapid urbanization, and rising product awareness are expected to accelerate regional market growth in the forthcoming years. The growing number of new product launches by leading players in the market such as LIXIL Corporation, Toto Inc, and HSIL, are projected to upsurge the product visibility in emerging countries such as India, Japan, and China. Thereby, anticipated to augment the regional market growth over the forecast period.

COVID-19 Impact Insights

The ceramic sanitary ware market has been negatively impacted by the COVID-19 outbreak, owing to strictness imposed by the government on the import and export of products. The production of the product has been affected severely, owing to a shortage in the supply of raw materials and the unavailability of laborers. Furthermore, due to lockdown, various construction projects have been put on hold, as a result, reducing the demand for ceramic sanitary ware products. Moreover, consumers are reducing their spending on non-essential products, such as clothing, sanitary wares, beauty care, and various others. This is expected to hamper the market growth over the forecast period. However, as the lockdown eases and the economy will reopen, the ongoing & upcoming construction projects are projected to aid the market growth during the forecast period, 2019 to 2025.

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High Performance Fibers Market Revenue Driver, Technology Estimates, Impact of COVID-19 & Scope Analysis, 2025

The global high performance fibers market is projected to touch USD 25.4 billion, by the end of 2025, and is expected to grow at a CAGR of 11.0% over the forecast period, 2019 to 2025, according to the new report by Million Insights. Several benefits of fibers such as superior rigidity and high strength to weight ratio are anticipated to boost the product demand from automotive and aerospace sectors.

Furthermore, high performance fiber (HPF) offers aerodynamics and increased fuel efficiency for aircraft. This is encouraging manufacturers to use these fibers instead of regular metal alloys. In addition, usage of these products in aerospace applications improves the damage resistance & flexibility which, in turn, is projected to bolster market growth.

Application Insights

The Aerospace & defense segment is expected to register a CAGR of 12.1% over the forecast period. The growing focus on cost-effective and eco-friendly materials in aircraft manufacturing is boosting the market growth. Further, the increasing passenger traffic is projected to bolster the market growth.

Lightweight structures are beneficial in the aerospace industry, as they provide rigidness and high tensile strength with reduced fuel consumption. Moreover, these materials help in carrying more payload and fuel in the aircraft.

Rising demand for carbon fibers from the automotive sector is driving the growth of the HPF market. Furthermore, rising fuel prices are increasing the need for fuel-efficient vehicles.

The automotive segment is estimated to expand at a CAGR of more than 11.5% during the forecast period. The increasing trend of curb weight reduction is boosting the applications of fiber-reinforced materials. Curb weight reduction improves fuel efficiency and also reduces air pollution.

Market Share Insights

The market is highly competitive in nature with the presence of global & local players. High production costs of aramid fibers, M5/PIPD, PBI is posing challenges to market growth, and profitability.

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Regional Insights

In 2018, the North American market contributed to the revenue of USD 3.6 billion in the overall market.  The presence of global players and increasing spending on defense are supporting the market growth.   

Strict regulations imposed by authorities including state bodies, ANSI, HSE are boosting the demand for protective clothing as a security measure in industries. This is projected to foster the demand for HPF in the next few years.

Asia Pacific is projected to expand at a CAGR of 11.3% from 2019 to 2025. The availability of raw materials at affordable prices and product development is escalating the demand for products across the electronics, and automotive industries.

In addition, the rising need for protection and security measures in the mining, military, construction, oil & gas sector is surging the product demand in developing countries such as India and China. These fibers are also used as an alternative to steel, and asbestos, which is expected to foster market growth.

Impact of COVID-19

COVID-19 pandemic has negatively impacted the global high-performance fibers market. Coronavirus has disrupted the supply chain of the automotive, aerospace, and electronics industries. Lockdown restrictions have set the limit on trade or transfer of raw materials nationally, and internationally.

Several automotive and aircraft manufacturing companies were shut down in the first and second quarters of 2020. This is projected to negatively impact the growth of advanced fiber products like carbon fibers, aramid fibers, PBI, and glass fibers. However, the resumption of various manufacturing facilities is expected to boost the market growth in the forecast period.

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Hemophilia Market Key Opportunities, Process Estimates, Impact of COVID-19 & Trend Analysis, 2027

The global hemophilia market size is anticipated to value USD 18.1 billion until 2027. It is also expected to register a CAGR of 5.5% over the forecasted years, 2020 to 2027. Rising awareness about immediate diagnosis & treatment of diseases and favorable governing policies is projected to propel the market growth.

Hemophilia of type A is most commonly seen across the globe and is expected to be four times prevalent than type B. On the other hand, type B hemophilia is projected to witness the fastest growth over the forecasted period, 2020 to 2027 owing to the presence of powerful pipeline products.

Treatment Insights

The market across the globe can be segmented into on-demand and prophylaxis based on the treatment type. In 2019, the on-demand treatment segment accounted for the largest share across the global market. The prophylaxis segment is expected to register the highest CAGR from 2020 to 2027.

The prophylaxis treatment is an infusion of clotting factors concentrates that can be used for patients suffering from hemophilia. It is the most trusted treatment that is being accepted worldwide. Its salient features like reduction in the productivity loss that can guarantee good life outcomes are anticipated to trigger market growth in the upcoming years.

Market Share Insights

The key players operating in the global market are CSL Behring, Bayer AG, Pfizer, Inc., Shire (Baxalta), Novo Nordisk A/S., Octapharma AG, Genzyme Corporation, and Spark Therapeutics, Inc. Continuous innovation and product development is undertaken by these players to gain a cutting edge over other competitive players.

Strategies such as acquisitions, mergers, and regional expansions are also being carried out by these players to widen their geographical reach. For example, Sanofi had bought Bioverativ in 2018 at USD 11.6 Billion for strengthening the market presence across the portfolio of rare diseases.

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Regional Insights

North America accounted for the highest share of around 44.4% across the global market in 2019. Shifting inclination towards the prophylaxis medical treatment prevailing among individuals residing across this region is expected to contribute majorly towards the market growth.

The Asia Pacific is projected to register the highest CAGR over the forecasted years, 2020 to 2027. An increase in per capita usage of therapies for catering to factors VIII & IX deficiencies is expected to contribute majorly towards market growth across this region. Moreover, the increasing popularity of these products across countries like India, Malaysia, Japan, and Indonesia is projected to trigger market growth.

COVID-19 Impact Insights

The hemophilia market has been positively impacted due to the ongoing COVID-19 pandemic. The need for the development of early diagnostic tools with the help of DNA bases is gaining traction for fighting against the novel virus. Further, as patients suffering from other diseases such as hemophilia are more prone to get adversely affected by the virus attacks, the need for the development of protective products and medicines is being foreseen by the key players. Moreover, governing bodies across several countries have increased their budget for the healthcare and pharma sector which is expected to trigger the market growth for hemophilia products over the post-pandemic period.

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Volatile Organic Compound Gas Sensor Market Type Estimates, Revenue Drivers and Restraint Analysis, 2025

The global volatile organic compound gas sensor market size is projected to touch USD 186.7 million by the year 2025, according to a new report by Million Insights. It is anticipated to grow at a CAGR of 4% through the forecast period of 2019-2025. The presence of volatile organic compound (VOC) gases in the air has been subject to a lot of contemplation and is very crucial in developing leak detection devices. This factor is expected to propel the growth of the market.

A VOC gas sensor is an electrical device which is used to detect the presence of gases like methylene, benzene, propane, chloride, ethanol and acetone in a confined area and is mostly integrated in a safety system. These sensors are consolidated into leak detection devices which consume less power. Technological advancements like PID sensors and enhancements of MEMS sensors for detection of volatile organic compound emission are anticipated to propel the growth of the market.

VOC sensors are largely used in air monitoring devices to inspect emission levels due to their rare properties like portability, compact size and high sensing performance. Nevertheless, these sensors feature limitations like lack high operating temperatures and poor selectivity. Thus, to counteract these challenges, the companies are forthcoming with improvised MEMS sensors to subjugate the disadvantages.

Market Share Insights

Key players in the market include City Technology Ltd.; ABB Ltd; Aeroqual Limited; Siemens AG; Integrated Device Technology, Inc.; Bosch Sensortec; EcoSensors; GfG Europe Ltd and SGX Sensortech. Sensor producers concentrate on investing in R&D to develop technologically advanced products with an aim to boost the market growth. They have adapted launching new products as their prime developmental strategy to meet the demand of the end-users. Moreover, they have acquired businesses in order to expand their product line and to accelerate the process of production for expanding sales in various geographical locations.

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Technology Insights

Metal oxide semiconductor gas sensors function when VOC gas happens to be in contact with the metal oxide surface where reduction or oxidation of the gas changes resistivity or conductivity of the metal oxide surface.  An electronic circuitry enables the measurement of the change in resistivity or conductivity. These products are available at affordable prices and can detect the presence of hazardous combustible gases. They are majorly used in industries like medical, petrochemical, and automotive because of their advantageous features like longevity and resistance to corrosion. In 2018, semi-conductor technology-based sensors attributed to a significant part of the market share.

The very benefit of installing IR gas sensors is that their detector does not come in contact with the gas directly. The gases are detected by using infrared radiation. The sensors include detectors, optical filters, and IR sources. However, the price of these sensors ranges from USD 250 to USD 300 per product, which is comparatively higher than that of electrochemical sensors.

Regional Insights

In 2018, Europe dominated the market because of increasing investments in IT and the development of advanced sensor technologies. Increasing demand for sensors that can be monitored through handheld devices has supported advancements in technology. The government is currently focusing on emission control standards and energy efficiency that has driven the product demand in the automotive industry of Europe. The growing application of sensors in several industries along with rising opportunities is projected to propel the growth of the regional market.

The Asia Pacific is expected to grow as the fastest developing region due to the rising industrial automation in countries like India, Japan, and China. These countries use sensors extensively in their petrochemical and chemical and gas and oil industries due to their rapid response to the leakage of combustible gases.

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Gardening Pots Market Raw material Outlook, Variables, Trends & Scope Study, 2025

The global gardening pots market is estimated to reach USD 2.5 billion, by the end of 2025, and is projected to grow at a CAGR of 5.6% from 2019 to 2025, according to a new report released by Million Insights. Increasing demand for parks and public gardens along with growing infrastructure in the cities is expected to increase the demand for the product in the next few years.

Rapid urbanization and increasing population have increased the product application in residential sector. Thus, municipalities, urban societies, and housing associations are also spending high amounts on developing parks. Parks include different types of trees and flower plantations which are creating lively vibes among the people, thereby, propelling the market growth. Youngsters are highly involved in the gardening activities. Growing interest of consumers for planting fruits, veggies, herbs, and flowers is expected to be a key factor propelling the demand for the product.

Market Share Insights

Leading players in this industry include Biodegradable Pots; GREEN MALL; East JORDAN PLASTICS INC.; Hosco India; Garden Need; Nursery Supplies Inc.; Landmark Plastic Corporation; THE HC COMPANIES; V G Plastech; and THE POT COMPANY.

Manufacturers are engaged in developing new materials to supplement gardening beds. Companies that are into the homeware business are expanding their product offerings. For instance, in 2019, Coles supermarket introduced gardening pots suited for the plantation of saplings.

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Regional Insights

In 2018, Europe accounted for the largest market share of over 35.0% in the overall market. Beautiful architecture and landscape are a key part of European society and culture. Thus, there is a large number of gardens in this region including the Eden Project in Cornwall, Rose garden in Spain, Kew garden in London, and others. Furthermore, European countries such as Spain, France, U.K., and Greece generate large incomes from the gardens & tourism sector. All these key factors are anticipated to propel the market growth over the forecast period.

Asia Pacific is projected to grow at the highest CAGR of 6.9% over the forecast period. The increasing focus of government authorities on the travel & tourism industry especially in countries such as India, China, Malaysia, Japan, and Singapore is projected to offer potential growth opportunities for the market. Moreover, Asian countries such as Bhutan, Maldives, and Sri Lanka have developed hospitals with large gardens having beautiful saplings planted in decorative gardening pots. Therefore, these countries are known for medical tourism.

Impact of COVID-19 Insights

The outbreak of COVID-19 has positively impacted the global gardening pots market. COVID-19 crisis has enforced people to stay at home and work from home. This has allowed people to with free time while they were stuck at home during the lockdown, thus many people have spent this time gardening.

In Europe, the demand for flower pots has been increased during the COVID-19 lockdown period. Consumers are preferring to buy these pots through online platforms. Thus, the market is projected to grow at a significant rate in the next few years.

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Waterjet Cutting Machine Market Price Trend Analysis, Product Portfolio & Key Development, 2027

The global waterjet cutting machine market is anticipated to reach USD 1.4 billion by the end 2027, according to a new report released by Million Insights. The market is anticipated to grow at a CAGR of 5.1% from 2020 to 2027. Rising adoption of WCMs for implementing eco-friendly cutting practices across the globe is anticipated to propel the market growth. Moreover, growing demand for automation and technological advancements to improve the operational efficiency across different sectors such as mining, aerospace and defense, textile, automotive, and electronics is anticipated to further drive the market growth over the forecast period.

Moreover, rising demand for WCMs to develop complex components such as jet engine and turbine is anticipated to drive the growth of WCMs market across the aerospace industry. Moreover, for developing complex for developing complex military and defense products like rotary blades, guided missiles, aircraft fuselages, space vehicles, and thick metal sheets, there has been rapid adoption of waterjet cutting machines which is further projected to propel the segment’s growth.

The segment of pure waterjet cutting machines is expected to attain a CAGR of 5.6% over the forecast period owing to its wide application in industries such as custom packaging, food, tobacco, and beverage to cut soft materials with high efficiency. Moreover, rising demand for cut out parts like wings, gears, brake types, and turbines across industries such as mining, aerospace & defense, food & beverage, textiles, and electronics is anticipated to boost the demand for abrasive waterjet cutting machines over the forecast period. Thus, the segment is projected to attain a significant growth from 2020 to 2027.

Market Share Insights

Leading players operating in this industry are Dardi International Corporation; Colfax Corporation; Omax Corporation; Koike Aronson, Inc.; Flow International Corporation; Hornet Cutting Systems; WARDJet, Inc. (AXYZ Automation Group); and A Innovative International Ltd. These players are continuously engaged in manufacturing, distribution, and designing of waterjet cutting machines.

These players are investing in R&D to develop new products that improve operational efficiency. Moreover, the existence of a large number of local companies in the Asia Pacific is anticipated to be the major threat for global players owing to the price and product quality provided to the consumers.

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Regional Insights

In 2019, Asia Pacific held the largest market share of over 35% across the global market. Economic development and increasing industrialization in countries such as India, South Korea, Japan, and China are the factors projected to propel regional market growth. In addition, the rapid growth of industries such as electronic, food, tobacco, beverage, metal & mining, and material handling across this region is anticipated to further fuel the market growth from 2020 to 2027.

Asia Pacific is projected to attain the fastest growth from 2020 to 2027 owing to the rising adoption and popularity of POS terminals coupled with the rising adoption of online payment applications in emerging countries like Vietnam, India, China, and Indonesia. Moreover, rising demand for compatible and robust POS software across emerging businesses with high growth prospects such as retail, entertainment, e-commerce, and food delivery services is projected to further proliferate the regional market growth from 2020 to 2027.

Europe is projected to grow at the fastest growth rate over the forecast period and the Western European region is considered to be the potential market for waterjet cutting machines. Factors such as advancements in technology and the increasing popularity of technologies that prevent over-consumption of energy are some of the major factors driving the growth of the regional market. In addition, U.S. is anticipated to be the most potential market for WCMs in North America owing to the rapid growth of the automation, electronics, and robotics industry.

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Body Armor Market Competitive Environment & Distribution Channel Analysis, 2025

The global body armor market size is projected to reach USD 3.0 billion by 2025, according to a new report published by Million Insights, with a CAGR of 5.5% from 2019 to 2025. The emergence of warfare has considerably become asymmetric and consists of counter-insurgency and counter-terrorism. These conditions further prevail in the law enforcement division, wherein, criminals, law offenders, and felons can severely injure police officers thus, establishing the need for body armors.

The rise in warfare is fueling the demand for better ballistic protection products to protect the armed forces. Developing countries like China, India, and South Korea are focusing on replacing the conventional military equipment. Modernization methods have opened new avenues for market participants. Manufacturers are also merging with various military agencies on a contractual basis to acquire a competitive advantage.

Technological innovations have bolstered the body armor market growth thus, increasing the demand for products like dragon skin and liquid body armor. Moreover, the need for double-sided enclosed uniforms and modular tactical vests is rising because of its advantages like higher protection.

Market Share Insights

The key players include AR500 Armor; egis Engineering Ltd.; BAE Systems; Craig International Ballistics Pty Ltd.; Ballistic Body Armor Pty; Hellweg International; Ceradyne, Inc.; Kejo Limited Company; Pacific Safety Products; Safariland, LLC; and Point Blank Enterprises, Inc.

The industry participants are focusing on the formation of hi-tech and lightweight bodysuits to provide higher flexibility, performance, and comfort. For example, the United States Special Operations Command (USSOCOM) adopted the Tactical Assault Light Operator Suit (TALOS) for hi-tech armor for personal safety.

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Material Insights

Composite ceramics held the largest body armor market share in 2018 based on revenue. The benefits relating to higher performance, lightweight, and ballistic resistance against steel plates are fueling the demand for this segment.

Constant innovations and upgrades in the materials and technology used in the product have fostered the demand for body armor. The use of superior textile materials like nylon and Kevlar that make them lightweight in nature has further contributed to the growth of the product. Moreover, the use of natural fibers made out of cotton, thatch, and silk coupled with metals like steel, iron, and copper have accelerated the demand for body armors by armed services.

Application Insights

The defense held the largest revenue share in 2018. The requirement for defense suits with better stab and ballistic resistance for army officers is the major driver of the growth of the segment.

Defense agencies in countries like Canada, France, and the U.S., are aiming at augmenting personal protection for army troops and soldiers in the near future. These economies focus on possessing advanced protective headgears and superior body armors. Moreover, civilian segment application is expected to potentially grow in the near future due to an increase in cases of robberies, burglaries, and home invasions thus, bolstering the demand for armors among the public.

Regional Insights

North America held the largest market in 2018. Government military operations like the Soldier Protection System-Torso and Extremity Protection (SPS-TEP) for offering full-body armors to soldiers are expected to accelerate the market growth in the region. Moreover, the increased military expenditure in countries like Canada and U.S. has provided a boost to regional market growth.

The Asia Pacific is witnessed as the potential growth market over the years due to the increasing border and warfare disputes in countries like China, South Korea, and India. Rising government spending on the defense sector for arms and protection equipment is also expected to have a favorable impact on the market.

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Beer Kegs Market Size, Application, End-Use Estimates and Product Analysis, 2025

The global beer kegs market size is projected to touch USD 62.1 billion by 2025, according to a new report by Million Insights. It is projected to grow at a CAGR of 4.6% through the forecast period of 2019 to 2025. The upsurge in consumption of beer by youngsters is driving the market growth. Consumers preferring flavored alcoholic beverages is most likely to benefit the market. Further, increasing demand for draught and craft beers along with rising per capita income of consumers is boosting the growth of the market. Soaring on-premise sales is anticipated to propel the market growth. Draught beers are usually served using kegs to maintain its pressure, thereby, witnessing huge demand from on-trade sales.

Steel kegs dominated the market with 84.7% of market share due to its extensive production, great longevity and easy recycling properties. Steel kegs block the ultraviolet rays and gases to preserve the flavor and quality of beer. Hence, they are used for transportation and storage purposes.

Market Share Insights

Many companies are focusing on strategies like mergers and acquisitions to level up their product line and to build up their position in the market. Further, the companies are concentrating on increasing their manufacturing capacity and adopting new technologies to fulfill consumer demand. The major players in the market include The Metal Drum Company; Ardagh Group S.A.; Schaefer Container Systems; Ningbo BestFriends Beverage Containers Co. Ltd; NDL Keg Inc.; Julius Kleemann GmbH & Co KG; Petainer UK Holdings Ltd; Blefa GmbH;  Shinhan Industrial Co, Ltd; and  American Keg Company, LLC. 

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Raw Material Insights

Steel as a raw material dominated the beer kegs market with 84.7% of the share in the total revenue because of its excessive production, high endurance, and beneficial recycling properties. Steel kegs are mostly used for storage and transportation as it helps in obstructing ultraviolet rays and gases, thereby, retaining the authentic flavor and quality of the beer with the best hygiene conditions through the whole of the supply chain.

Plastic kegs are anticipated to grow at the fastest CAGR of 4.6% over the forecast period. High-price associated with producing and recycling steel or metal kegs has induced manufacturers to invest in PET plastic kegs. These kegs are given as preforms or ready-to-fill, which can be blown into a PET vessel as required at the site. They are available in several sizes ranging from 15 to 40 liters, as per requirement. Further, plastic kegs can be easily recycled and owing to their lightweight, it reduces the transportation cost when compared to steel or metal kegs.

Regional Insights

Europe dominated the market with over 29.9% of the share in the global market in 2018. The rising consumption of cider and beer is the major factor propelling the market growth in this region. Further, the increasing popularity of secondary cask fermentation and beer has led to an increase in the usage of steel barrel kegs of varying capacities. Additionally, consumers preferring more localized and craft beer produced by micro-breweries have boosted the demand for kegs. Craft beers like Hophead, Klausen Burger, Hop Hoollgans, Ground Zero, and Zaganu are produced by these micro-breweries that are popular in Europe. These micro-breweries majorly concentrate on flavor and quality. Further, constrained distribution of beer kegs by exclusive partners indicates a profitable opportunity for distributors in this region.

Asia Pacific is anticipated to grow at the fastest CAGR of 5.1% in the forecast period. The rising consumption of beer in countries like India and China has considerably aided in product sales. Changing cultural drift towards consumption of draft beer is driving the growth of the market in these and other emerging countries. Further, an increasing number of bars, pubs, and breweries has also been contributing to the growth of beer kegs market. Several companies have been investing in long-lasting packaging solutions and have been manufacturing eco-friendly beer kegs.

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Mobile Accessories Market System Estimates and Regional Trend Analysis, 2025

The global Mobile Accessories Market scope was appreciated by US$ 68.4 billion in 2018 and is likely to record a CAGR of 7.1% from 2019 to 2025. The global market scope of mobile accessories is estimated to touch US$ 110.6 billion during the forecast period.

This is attributed to the ever-increasing inclination on the part of customers toward safe, advanced, and secure mobile accessories. The emerging economies like India are China are the torchbearers in this regard; thanks to smart devices’ growing penetration coupled with extensive research on the count of wireless connectivity.

Market Segmentation:

The mobile accessories market is segmented based on the type of product, type of deployment, price, and geography. By type of product, the segmentation goes like portable speakers, power banks, earphones & headphones, phone cases, and others. By type of deployment, it says online & offline. By price, it states high, medium, and low. By geography, the mobile accessories industry comprises North America, Europe, LATAM, MEA, and the Asia Pacific.

Players:

The players contributing to the mobile accessories market include StuffCool Retail Pvt. Ltd.; Syska Accessories; Belkin India Pvt. Ltd.; Portronics Digital Pvt. Ltd.; Bose Corporation, Sony, Philips, Xiaomi Technology, Intex Technologies, and Samsung.

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Trends:

The latest trend catching up herein is the demand for anti-loss keychains. They can track the smartphone through the phone’s Bluetooth low-energy antennas and GPS. Once the user comes within the range of the smartphone, the user will get alerted. These keychains could also be used for remotely taking photographs. The other device doing the rounds is “mobile phone charm”.

Storage Insights:

Certain smartphones do feature SD card slots (generally smaller Micro-SD variants). Insertion of a compatible SD card in these slots could be used for transferring files from device to device or increasing the phone’s storage capacity. The latest variety over here is the influx of Wi-Fi SD. These cards are capable of moving pictures to an online photo-sharing device or local computer. Plus, certain devices are abreast with USB On-The-Go; by making use of either an exclusive USB micro-B flash drive/adapter or standard USB port.

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Thermal Energy Storage Market Raw Material Outlook & Restraint Analysis Report, 2025

The global Thermal Energy Storage Market was appreciated at US$ 3.20 billion in 2016 and will touch the value of US$ 12.50 billion by the completion of the year 2025. The storage of thermal energy is a machinery comprising the storing of energy by way of cooling or heating medium with the aim of the stored energy to be utilized at a later step for the purpose of generation of power. It also simplifies the balancing amidst the demand and supply of energy.

The thermal energy storage hinge on a lot of issues for example capacity of storage, utilization of temperature as per the requirements, duration of storage, available space, losses of heat, and supply. The important benefits of thermal energy storage are an upsurge in system dependability, decrease in the costs of generation and growth in the capacity of power generation.

Drivers:

The most important issues motivating the development of the global thermal energy storage market are growing focus on the generation of renewable energy and growing government initiatives for the system of thermal power energy storage. Furthermore, the increasing demand for it in Heating, Ventilation, and Cooling (HVAC) will motivate the demand for it. Moreover, the greater demand for it in concentrated solar power (CSP) too offer a development opening for the global market for thermal energy storage.

What's more, the global thermal energy storage industry is estimated to develop at a greater percentage for the duration of the forecast owing to the growing emphasis on the generation of renewable energy.

By way of growing generation of renewable energy, here is the greatest necessity to store this energy, because the generation of renewable energy rests on sun and wind. This requires storing of the generated renewable energy from sources for example hydrogen, thermal, and solar. This will increase the demand for the system of energy storage, comprising thermal energy storage.

Companies:

Some of the important companies for thermal energy storage market are Cristopia Energy Systems, Baltimore Air coil Company, Bright source Energy, Inc., FAFCO, Inc., Steffes Corporation, DN Tanks, Calmac, Solar reserve, LLC, Abengoa Solar, Burns & McDonnell, Ice Energy, Caledonian MacBrayne. Additional notable companies are Evapco, Inc., Chicago Bridge & Iron Company N.V. (CB&I), Caldwell Energy, Dunham-Bush Holding Bhd., Cryogel, TAS Energy, SENER Group, and Goss Engineering.

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Restraints:

On the other hand; greater barriers on interconnections of grid and absence of technological capability may well pose as restraints for the development.

Classification:

The global thermal energy storage market can be classified by End Use, Storage Material, Technology, and Region. By End Use, it can be classified as Residential, Industrial, Commercial, and Utilities. By Storage Material, it can be classified as Phase Change Material, Water, Molten Salt and Others By Technology it can be classified as Thermochemical Storage, Sensible Heat Storage, and Latent Heat Storage

Regional Lookout:

By Region the global thermal energy storage industry can be classified as North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America grasps the principal share in the market for thermal energy storage. A big sum of energy storage projects has been observed in the U.S.A during the previous small number of years. This will increase the market within the province.

Middle East & Africa are expected to be a robust donor in the market for thermal energy storage during the period of forecast, due to tough directives by the government and enormous resources of solar. Middle East & Africa is likely to record speedy CAGR as compare to any additional province. It is funded by growing existence of most important companies within the market.

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Key Considerations for Plasticizers Procurement: Sourcing, Quality, and Sustainability

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